Potential financial stability issues arising from recent trends in Exchange-Traded Funds (ETFs) ppt

... Potential financial stability issues arising from recent trends in Exchange-Traded Funds (ETFs) 12 April 2011 i Table of Contents Introduction ... Incentives for securities lending 4 3. Risk implications for authorities, ETF investors and providers 5 1 Potential financial stability issues...

Ngày tải lên: 06/03/2014, 19:20

... risk-taking within the financial system in a procyclical and potentially destabilising way. This procyclical behaviour of securities financing markets depends, in addition to changes in counterparty ... cash in commingled funds, and looking to the cash reinvestment as a profit centre may invest the cash in non-2a-7 funds. Meanwhile, lenders reinvesting the cash in comming...

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Ngày tải lên: 23/02/2014, 15:20

... joining medium-carbon steel and austenitic-stainless steel with friction welding. Sahin [13, 14] stud‐ ied joining austenitic-stainless steel with friction welding. Rhodes et al. [15] examined ... stainless steel, stainless steel having superior strength and weldability in certain structures. Therefore, it is necessary to join stainless steel and aluminium materials. Then, copper - aluminiu...

Ngày tải lên: 05/03/2014, 21:21

... Corpus. 1 Introduction 1.1 Automatic processing of bilingual and multilingual corpora Processing bilingual and multilingual corpora constitutes a major area of investigation in natu- ral ... for research on bilingual and multilingual corpora. Existing align- ment methods define a continuum going from purely statistical methods to linguistic ones. A major point of divergence is ......

Ngày tải lên: 23/03/2014, 18:20

... percent more in infl ation-adjusted dollars in 2002 than in 1972. Women with lower levels of education experienced declines in real earnings ranging from 10 percent to 17 percent. Earnings differentials ... graduates declined from 4 percentage points in 1972 to 3 percentage points in 1982, but had risen to 7 percentage points by 1992 and 11 percentage points in 2001. •...

Ngày tải lên: 01/04/2014, 20:21

... hydraulic fracturing installations Support to the identification of potential risks for the environment and human health arising from hydrocarbons operations involving hydraulic fracturing in Europe ... Noise during drilling 151 Support to the identification of potential risks for the environment and human health arising from hydrocarbons operations involving hydraulic fra...

Ngày tải lên: 23/03/2014, 00:20

... develop a comprehensive financial plan. 113 THE FACTS ON SAVING AND INVESTING Excerpts from recent polls and studies highlighting the need for financial education Office of Investor Education and ... “play” involved—investing in the market is serious business, a necessity for accumulating the funds essential for retirement or other financial goals. Now, more than ever before,...

Ngày tải lên: 29/03/2014, 08:20

... constructed in such a way as an increase in the index value indicates higher financial instability. We expect a higher sensitivity of lending growth to changes in asset prices during financial instability ... tests C. Building a financial instability index As we want to determine whether credit growth and the extent of credit constraints change during periods of financial...

Ngày tải lên: 29/03/2014, 08:20