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1 - 10 van 17 voor securities including
Microsoft Word - discussion164.doc
... to-specific approach. that is, we estimate a model including all control variables as outlined in the previous section, but without including our proxies for bank regulation and supervision. next ... interest expenses total deposits off balance items total assets government deposit total deposit government securities total assets stock return variability correlation with the maximum 0.414 0.428 ...
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Microsoft Word - discussion154.doc
... or bid price of the securities; (ii) execute or bring about a transaction or place and order in securities in order to maintain the price of the securities at an artificial level; (iii ... .g., kabir and vermaelen, 1996). the new regulation might lead firms to publish all information, including information, which is not price relevant. in this case, investors might be overloaded with information ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... or enhance competition. thereby, we focus on various competition issues, including concentration, market power, entry barriers and multi-market competition. the ... savings institutions (insurance companies, pension funds), investment institutions (mutual funds, finance companies), securities market institutions (investment banks, brokerage firms, organized exchanges), and government (-backed) ...
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Research Memorandum (set-up) [PFP#1291253990]
... a percentage of gross value added. d business services excluding legal services and securities, and temporary employment agencies. source cbs (1994) business services; summarised overview 1992 ( ... or to less exposure to (international) competitors. this section analyses several indicators, including market concentration rates, standard deviation of productivity levels, entry and exit rates, entry ...
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governance stakeholder relationships german and dutch experience pdf
... be traded until the emerging pattern of ownership is efficient, i.e. until all costs, including transaction costs, are minimized (milgrom and roberts, more complex situations where formal contracts are too ... credit markets. by consequence, large firms also directly apply to the credit market by issuing securities. if a bank has invested a considerable amount of capital in a specific firm for ...
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impact bank competition interest rate pass through euro area pdf
... boone et al. (2004) apply the model to different manufacturing industries. since measurement errors including unobserved country or industry specific factors are less likely to vary over time ... banks and mortgage banks, ignoring the 25% more specialized institutions such as investment banks, securities firms, long-term credit banks and specialized governmental credit institutions. an exception is ...
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macroeconomic resilience dsge model pdf
... to excess supply. we mention causes of nominal wage rigidity including union bargaining and insider-outsider theory (see lindbeck and snower, 1989 ... or technology shocks really drive the business cycle. recent studies, including the altig et al. study, have managed to come ... the following four variables are net cash inflow from state contingent securities, aj,t, wage income, wj,thj,t, cash and the ...
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linkages between financial and real sector economy pdf
... . euro area (16) oecd first quarter 2005 100 left panel oecd.stat. civilian employment including self employed. quarterly growth rate of employment , seasonally adjusted. right panel employment level index ... lending channel interest rate channel exchange rate channel monetarist channel sector to hold the extra securities, interest rates rise.4 this sets in motion the interest rate channel.5 private ...
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W:\nl\pub\...\memo19.wp [PFP#220377842]
... propose a proportion of 10%. fpi generally refers to household investment in foreign securities, often channelled through financial intermediaries such as mutual funds or pension funds. foreign ... finally, we table 4.2 analysis of variation semi-elasticity a benchmark sample including extremes significant number of observations source of finance retained earnings (unspecified) transfers (unspecified) ...
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Microsoft Word - memo164.doc
... in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other fdi capital) and other contributions such as the ... time. 13 other fdi capital (loans) covers the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. debt transactions between ...
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