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1 - 10 van 23 voor world equity fund
bijlage_jaarrapportage2008.pdf
... quest for an index of fiscal equality underlying the horizontal equity concept, finanzarchiv 64 2, pag. 147-154. cnossen, s., ... zanzibar, 3-7 november 2008. cnossen, s., international monetary fund mission kingdom of the netherlands - netherlands antilles tax ... , j., 2008, economic outlook the world economy, september. ebregt, j., 2008, economic outlook the world economy, december. euroframe, 2008, ...
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Microsoft Word - ageing_.doc
... actuarially fair premium. this happens, for example, after pension fund assets experience a negative shock, which is recovered by ... tend to fall. equilibrium is restored at the point where world investments and savings are again in balance. also in ... tax smoothing (economic efficiency) and musgrave's criterion (intergenerational equity). both criteria imply under certain conditions an immediate and ...
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Microsoft Word - discussion164.doc
... et al., 2009). we use proxies for the international monetary fund (imf)'s core set of finan- cial soundness indicators ... prediction. expert systems with applications 36, 2633-2644. world bank, 2008. world bank development indicators 2008, cd-rom. 30 table ... non performing loans total loans unreserved impaired loans equity impaired loans equity managerial qualities total cost total income overhead cost ...
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doc211.pdf
... the euroframe conference 'after the crisis exit strategies for eu economies in a globalised world', amsterdam, june 2010. we also benefited from discussions during internal seminars at the ... conglomerates, assets are less informationally opaque. therefore, debt and equity holders can more easily monitor banks. in addition, banks fund themselves to a larger extent through wholesale markets. this ...
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Microsoft Word - cpbdoc218.doc
... , newspapers, sports clubs, schools and universities. after the second world war, all pillars agreed that a national economic ... world war; 9 mid1990's, dutch politicians explicitly addressed the issue of sustainability by creating two funds the fes-fund and the old age state pensions-fund ... trade-offs, e.g. between economic growth and equity and economic growth and the environment, and tries ...
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Microsoft Word - cpbdoc214.doc
... taxes related to income and to introduce a municipality fund organised by the central government. during the next fifty ... for economic growth and welfare. furthermore, all over the world, political events have drastically changed fiscal decentralisation there is often ... of public services and have limited possibilities to specialise; equity considerations can imply that a similar minimum set of ...
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dutch fiscal framework history current practice and role cpb pdf
... estimates on the macro-economic developments. directly after the second world war, this new macro-view was combined with a ... , complete, much more detailed and much better audited; the separate fund for the redemption of government debt was abolished. government debt ... to reduce the deficit or stimulate the sale of public equity in order to reduce public debt) and the specific institutional ...
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N:\...\EINDVERSIE_deel1.w [PFP#1030632807]
... improve efficiency. executive summary 19 reform to achieve better combinations of efficiency and equity, policy innovations are required. these may involve a partial retreat of public responsibilities. ... former chief economist of the world bank; kenneth rogoff has done outstanding research in international economics and is director of research at the international monetary fund (imf). the two ...
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memo241.pdf
... bond price risks are the main source of variation in the market value of pension fund assets. in a purely private defined contribution scheme these market values directly affect the value ... , i.e. the equity premium, was probably much lower. however, dimson et al. (2008), using a database of seventeen countries over a 106-year interval, estimate the historical world equity premium at 4 ...
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Microsoft Word - discussion156.doc
... concerns the question whether the equity premium is constant over time. several authors suggest that the equity premium is declining over time, especially since world war ii (e.g., ... equity premium a smaller puzzle. london business school, mimeo. erbas, s.n. and a. mirakhor (2007). the equity premium puzzle, ambiguity aversion, and institutional quality. international monetary fund working ...
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