Slide financial structure

... securitisation implies stronger effects of monetary policy on the economy and on residential property prices (CGFS 2006). On the other hand, Tsatsaronis and Zhu (2004) conjecture that the prevalence of ... (2003), Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area,” in: Ignazio Angeloni, Anil K. Kashyap and Benoi...

Ngày tải lên: 24/10/2012, 09:40

... Impact of Crisis on the Level and Composition of GDP 12 B. Corporate Financial Structure and Impact of Crisis on GDP 14 V. Corporate Financial Structure and Financial Stability: Econometric Analysis ... III. Corporate Financial Structure for Industrial and Emerging Market Countries 7 A. Stock Data 7 B. Flow Data 10 C. Crises Data 11 IV. Corporate Financi...

Ngày tải lên: 17/12/2013, 05:15

... exchange, and capital markets (including Chapter 2 Indicators of Financial Structure, Development, and Soundness 19 Chapter 2: Indicators of Financial Structure, Development, and Soundness 1 I H G F E D C B A 12 11 10 9 8 7 6 5 4 3 2 In ... institutions and their asset positions, and (b) the number of and growth rates of 15 2 This chapter pres...

Ngày tải lên: 17/12/2013, 05:15

... banking, and branching restrictions. 73 Chapter 4: Assessing Financial Structure and Financial Development 1 I H G F E D C B A 12 11 10 9 8 7 6 5 4 3 2 development dimension. Notwithstanding ... the system’s users, 19 development assessments are interested in the users and the extent to which the financial 95 Chapter 4: Assessing Financial Structure an...

Ngày tải lên: 17/12/2013, 05:15

... information ã Financial Intermediation Copyright 2011  Pearson Canada Inc. 8 - 2 Eight Basic Facts About Financial Structure I 1. Stocks are not the most important sources of external financing ... information and engage in undesirable activities ã Separation of ownership and control of the firm Managers pursue personal benefits and power rather than the profitability of...

Ngày tải lên: 05/01/2014, 16:56

... managers of the firm (own only small fraction of equity of the firm) - Principal: owner of the firm (own large fraction of equity of the firm) ã Separation of ownership and control of the firm Managers ... feature of debt contracts 8. Debt contracts are extremely complicated legal documents that place substantial restrictive covenants on borrowers Chapter 8 An Economic...

Ngày tải lên: 10/03/2014, 19:20

... this paper are those of the authors and do not necessarily reflect those of the European Central Bank. ISSN 1561-0810 WORKING PAPER NO. 40 FINANCIAL STRUCTURE AND THE INTEREST RATE CHANNEL OF ECB ... M3” by C. Brand and N. Cassola, November 2000. 40 Financial structure and the interest rate channel of ECB monetary policy by Benoợ...

Ngày tải lên: 15/03/2014, 14:20

... 26 .1 60.6 IBM 57.9 48.4 JP Morgan Chase & Co. 35.5 51. 7 McDonald’s 63 .1 61. 7 Merck 18 .3 58 .1 3M 52.9 47.0 Sears, Roebuck 10 .5 7.8 1- 1 0 Financial Goals of the Corporation  The primary financial ... and how financial management is used to improve them and thus maximize a firm’s value. ∑ = + = + ++ + + + = n 1t t t n n 2 2 1 1 . k) (1 CF k) (1 CF k) (1 CF k)...

Ngày tải lên: 04/07/2014, 20:21

... tax. 2- 3 Balance Sheet: Assets Cash A/R Inventories Total CA Gross FA Less: Dep. Net FA Total Assets 20 02 7 ,28 2 6 32, 160 1 ,28 7,360 1, 926 ,8 02 1 ,20 2,950 26 3,160 939,790 2, 866,5 92 2001 57,600 351 ,20 0 715 ,20 0 1, 124 ,000 491,000 146 ,20 0 344,800 1,468,800 ... income 20 02 6,034,000 5, 528 ,000 519,988 (13,988) 116,960 (130,948) 136,0 12 (26 6,960) (106,784) (160,1...

Ngày tải lên: 04/07/2014, 20:21

... ROE 2001 2.6% 2 .3 2.2 13. 3% 2002 -2 .7% 2.1 5.8 -3 2.5% 2003E 3. 6% 2.0 1.8 13. 0% Ind. 3. 5% 2.6 2.0 18.2% 3- 8 Calculate D’Leon’s forecasted current ratio for 20 03. Current ratio = Current assets ... NI/Equity. 3- 1 3 Appraisal of DSO 20 03 2002 2001 Ind. DSO 45.6 38 .2 37 .4 32 .0  D’Leon collects on sales too slowly, and is getting worse.  D’Leon has a poor cre...

Ngày tải lên: 04/07/2014, 20:21

... rating decreases. 4- 2 4 One-year forward rate 6.2% = (6.0% + x%) / 2 12 .4% = 6.0% + x% 6 .4% = x% PEH says that one-year securities will yield 6 .4% , one year from now. 4- 1 1 Premiums added to ... n: n INFL IP n 1t t n ∑ = = 4- 1 CHAPTER 4 The Financial Environment: Markets, Institutions, and Interest Rates  Financial markets  Types of financial institutions  De...

Ngày tải lên: 04/07/2014, 20:21

... risk. 5- 3 5 Illustrating the calculation of beta . . . k i _ k M _ -5 0 5 10 152 0 20 15 10 5 -5 -1 0 Regression line: k i = -2 .59 + 1.44 k M ^ ^ Year k M k i 1 15% 18% 2 -5 -1 0 312 16 5- 3 What ... been accounted for. 5- 2 6 Returns distribution for two perfectly negatively correlated stocks (ρ = -1 .0) -1 0 15 15 25 25 25 15 0 -...

Ngày tải lên: 04/07/2014, 20:21

... 100 0 -2 47.59 6- 3 3 Method 2: Financial calculator  Find the EAR and treat as an annuity.  EAR = ( 1 + 0.10 / 2 ) 2 – 1 = 10.25%. INPUTS OUTPUT N I/YR PMTPV FV 3 10.25 -1 00 331.80 0 6- 1 7 What ... years 6- 1 3 Solving for FV: 3-year ordinary annuity of $100 at 10%  $100 payments occur at the end of each period, but there is no PV. INPUTS OUTPUT N I/YR PMTPV FV 3 10 -1...

Ngày tải lên: 04/07/2014, 20:21

... main chapters of the Federal Bankruptcy Act:  Chapter 11, Reorganization  Chapter 7, Liquidation  Typically, a company wants Chapter 11, while creditors may prefer Chapter 7. 7- 1 8 Using a financial ... pay 7. 1 37% .  Could replace bonds paying $100 per year with bonds paying only $71 . 37 per year.  Investors should expect a call, and to earn the YTC of 7. 1 37%...

Ngày tải lên: 04/07/2014, 20:21

... toán | Học viện Công nghệ Bưu chính – Viễn thông Cơ cấu vốn và đòn bẩy tài chính Capital Structure and Financial Leverage D10KT2 khởi sự doanh nghiệp bằng 20,000$ đóng góp từ các thành viên ... toán | Học viện Công nghệ Bưu chính – Viễn thông Cơ cấu vốn và đòn bẩy tài chính Capital Structure and Financial Leverage Ban đầu: Doanh nghiệp muốn huy động thêm 10,000$. Có ba t...

Ngày tải lên: 02/11/2014, 10:32