CORPORATE AFTERSHOCK 2 PHẦN 9 ppt

... of the 1 92 1 Grain Fu- tures Act regulating futures markets, referred to the Chicago Board of Trade as a “gambling hell” and “the world’s greatest gambling house” (Markham, 198 7). In 194 7, President ... (Wagner, 199 7). Trade Decentralized control over resources led to a vast increase in voluntary exchanges, at first within the tribe but then gradually to COWBOYS VERSUS CATTLE THIEVES 29...

Ngày tải lên: 07/08/2014, 02:20

... Info Source (October 18, 20 02) . 6. Bryce (20 02) , p. 21 7. 7. Woods (20 02) , p. 125 . 8. “A Conversation with the LME’s Simon Heale.” Wall Street and Technology (April 5, 20 02) . 9. See note 8. 10. See ... Works: The Mule Market,” National Review ( January 22 , 20 02) . 2. “Enron Networks,” Draft Presentation and Internal Discussion Document, November 20 01 (on file with the auth...

Ngày tải lên: 07/08/2014, 02:20

Ngày tải lên: 12/07/2014, 15:20

... 2 64 5 12 32 160 80 SHA -22 4 < 2 64 5 12 32 224 1 12 SHA -25 6 < 2 64 5 12 32 256 128 SHA-384 < 2 128 1 024 64 384 1 92 SHA-5 12 < 2 128 1 024 64 5 12 256 9. 5 Kiến trúc hàm băm Davies-Mayer ... [] () ()()() ()()() ⎪ ⎪ ⎩ ⎪ ⎪ ⎨ ⎧ ≤≤⊕⊕ ≤≤∧∨∧∨∧ ≤≤⊕⊕ ≤≤∧¬∨∧ = 796 0 , 594 0 , 3 92 0 , 190 , ,, tZYX tZYZXYX tZYX tZXYX ZYXtf (9. 4) [] ⎪ ⎪ ⎩ ⎪ ⎪ ⎨ ⎧...

Ngày tải lên: 23/07/2014, 23:20

Ngày tải lên: 24/07/2014, 13:20

... exclusive jurisdiction. Although S. 195 1 was not enacted, a new version (incorporating many of the provisions of S. 195 1) was proposed in July 20 02 as Senate Bill 27 24 (S .27 24). 88 We do not know if any ... contracts) had traded on the New York Mercantile Exchange (NYMEX) from March 29 , 199 6, until February 15, 20 02. On February 15, 20 02, however, NY MEX delisted its electrici...

Ngày tải lên: 07/08/2014, 02:20

... LJM2 invested allowed Enron to avoid reflecting nearly $1 billion in losses on merchant investments from the third quarter of 20 00 through the third quarter of 20 01 (Powers et al., 20 02, p. 99 ). What ... in 20 01, Arthur Andersen’s restatements of the company’s financials in November 20 01 covering the 199 9 and 20 00 income statements did include down- ward adjustments to Enron’s...

Ngày tải lên: 07/08/2014, 02:20

... partnerships (Fox, 20 02) . Figure 9. 3 illustrates the process. The first Cactus partnership was formed in 199 1 and raised $340 mil- lion from 15 banks to fund Enron’s VPPs. By mid- 199 3, Enron had raised nearly ... short at the inception of the transaction. Figure 9 .2 il- lustrates, using an otherwise identical oil forward as in Figure 9. 1. Notice in Figure 9 .2 that the fixed...

Ngày tải lên: 07/08/2014, 02:20

... independent third party, (2) has a substantial investment in the SPE, (3) controls the SPE, and (4) has significant risks and rewards of ownership of the SPE’s assets (FASB EITF, 198 9). In 199 0, the EITF ... SEC position with respect to Issue 90 -15 was contained in a July 11, 199 1, letter from the acting chief accountant of the SEC to the FASB staff (FASB EITF, 198 9). The SEC staff indi...

Ngày tải lên: 07/08/2014, 02:20

... under- take an independent credit assessment of the borrower (Diamond, 198 4; Fama, 198 5; James, 198 7; see also Diamond, 199 1; Rajan, 19 92 ) . Delegated monitoring, then, is the reliance on signals from ... unused until 19 92 , credit derivatives have exploded in popularity in recent years. Nearly $1.6 trillion in notional principal was reported outstanding in credit derivatives in mid...

Ngày tải lên: 07/08/2014, 02:20