⠀㔀 overview of wamu s rise and fall

... analysis of various choices Should supervision be on the basis of separate industries or products/services? There is a wide variety of financial service firms, offering a diversity of products Some ... attention to both on- and off-balance-sheet assets Regulators should also focus on the degree to which both on- and off-balance-sheet assets, or subsets of important assets, are positively correlated ... does business in more than 100 countries, has roughly 40 percent of its assets and more than half of its employees outside the United States, and earns nearly half of its income from abroad This...

Ngày tải lên: 29/03/2014, 07:20

... Public Offerings on Europe s New Stock Markets Table Summary Statistics All Panel A: Firm characteristics Market capitalization (d thousands) Gross proceeds (d thousands) Total assets (d thousands) ... expressed as a percentage of pre-IPO shares outstanding Post-IPO insider stakes are the number of shares held by insiders expressed as a percentage of post-IPO shares outstanding ∗∗ Significant ... professional investors such as venture capitalists to write-off their portfolio investments in these companies This generated sizeable losses for professional investors In Europe in 2001 divestments totalled...

Ngày tải lên: 01/11/2014, 19:16

... September 2008) Origin of U .S Banking Institutions and Expanding Regulatory Role of Government Most U .S Banking Laws Are Responses to Crises Some U .S Banking Laws Not Instituted as Crisis Responses ... Funding and Portfolio Investment (1900–2008) Surge in Amount and Diversity of U .S Asset-Backed Securities Outstanding U .S Asset-Backed Securities Outstanding Shares of Consumer Credit: Banks Compared ... Agency and GSE securitized 41% ABS issuers 13% ABS issuers 18% Agency and GSE portfolio 19% Banks 31% Banks 30% Agency and GSE securitized 17% Composition of all residential mortgages Composition of...

Ngày tải lên: 01/11/2014, 21:04

... competition for the possession of the Mississippi valley, and, as it were, tossed that region into the hands of the United States There was strong opposition in Congress to pursuing any course that would ... office, and at Washington 's written request Madison had drafted for him his replies to the addresses of the House and the Senate at the opening of the session It was a matter of course in such circumstances ... proposing and sustaining its own duties and measures by a bold and manly appeal to the nation in the face of its representatives." The last of the organic acts of the session was the one establishing...

Ngày tải lên: 15/03/2014, 13:20

... than all of the other souls is the rational soul, which possesses all of the powers of the lower souls but also possesses nous, which is reason or intellect Nous is responsible for scientific ... level, the soul contemplates abstract ideas and is conscious of itself as a soul or self fundamentally distinct from the body This selfconsciousness of the soul is its so-called essential level, ... unity of consciousness are similar to Locke s discussion of what, in our own times, have come to be known as fission examples These are hypothetical examples in which a person s consciousness is supposed...

Ngày tải lên: 11/06/2014, 13:29

... Justices found his testimony and that of his seventy witnesses not credible and dismissed his case The dissenting Justices accused the majority of siding with Bell, essentially owing to his fame ... capitalist system than did the economist Joseph Schumpeter, the “prophet of innovation.” Schumpeter s presence in the history of economics seems designed to displease everyone His prose, his personality, ... simple starvation of being denied films, the sine qua non of his business He was also inviting patent lawsuits and all manner of personal attacks the Trust might mount It was in many ways a suicidal...

Ngày tải lên: 04/07/2014, 20:24

... less but also to lose less, which appealed to the nervous investor of the 199 0s Eschewing the daring of Soros, most modern hedge funds boasted of their steadiness as much as of their profits ... unjustly, as his main competitors.12 Long-Term resembled other hedge funds such as Soros s Quantum Fund less than it did the proprietary desks of its banks, such as Goldman Sachs The Street was slowly ... Hawkins thought it was hilarious; he was holding his stomach laughing But in truth, Scholes was the fund s best salesman Investors at least had heard of Scholes; a couple had even taken his class And...

Ngày tải lên: 20/07/2014, 21:25

... this hypothesis, this book claims that, though necessary, an American-style rescue package that cleans the balance sheets of Japanese and Chinese banks is not sufficient to solve the banking woes ... Abacus Banking and the Banking Crisis in Japan 17 The Rise of Abacus Banking in Japan 19 The Fall of Abacus Banking in Japan 53 The Banking Crisis 73 II The Rise and Fall of Abacus Banking and ... The Rise and Fall of Abacus Banking in Japan and China The Rise and Fall of Abacus Banking in Japan and China Yuko Arayama and Panos Mourdoukoutas QUORUM BOOKS Westport, Connecticut...

Ngày tải lên: 06/08/2014, 20:22

... of banking institutions and to assess the risks and rewards of their investments Arguing these contentions in more detail, the remainder of this book contains two parts Part I discusses the rise ... for instance, argues that Japan s banking crisis is a manifestation of Asia s banking crisis.15 Fly observes that Asian affiliates of financial institutions share the problems of these countries.16 ... nonperforming assets, in a new world where true bankers screen loan applicants and assess default risks rather than monitor cash flows with 12 The Rise and Fall of Abacus Banking in Japan and China abacus...

Ngày tải lên: 06/08/2014, 20:22

... means that Japanese bankers did not make a special effort to appraise and assess the value of well-known companies with highly visible products and assets, especially as long as both sales and asset ... prospective clients and extending credit to them is business-to-business relations, especially relations between banks and their clients, often supported by long-lasting cross-ownership holdings.36 ... is also a cause and a consequence of government regulation of financial markets and close relations between banks and business firms Over-loans of commercial banks are fundamentally a result of...

Ngày tải lên: 06/08/2014, 20:22

... wants of cials who see economics but not to be possessed by it It wants of cials who see economics as one set of considerations and legal principles rather than those of economics as paramount.66 ... for new sources of income in new, less predictable businesses, a prospect that set the stage for the decline and fall of abacus banking Arguing this proposition, this chapter discusses how international ... those headed by former of cials of Okurasho.’’65 Hartcher attributes this to a lack of expertise The Okurasho wants its staff to understand economics but not to be possessed by it It wants of cials...

Ngày tải lên: 06/08/2014, 20:22

... (1975–1995) Source: Statistics Bureau, Japan Statistical Association (various years) 82 The Rise and Fall of Abacus Banking in Japan and China mortgagees.6 In this sense, jusen was supposed to serve ... outside of Japan.15 A conformation of this trend is the reduction in Japan s surplus with the United States and an increase in China s and Southeast Asia s surpluses with the United States on ... The Rise and Fall of Abacus Banking in Japan and China Canals and the Paris bank speculation and the panic of 1827; the regional bank crisis and panic of 1837; the speculation in the stock of...

Ngày tải lên: 06/08/2014, 20:22

... banking crisis was the result of the failure of the Japanese system as a whole rather than the failure of individual banks, as was the case with the savings and loans crisis in the United States in ... areas, such as California and Hawaii ‘‘Rather than fanning 88 The Rise and Fall of Abacus Banking in Japan and China Exhibit 4.7 Purchase versus Sale Value of Selected Japanese Investments across ... corporations into an acquisition spree in the West, especially in the United States Many of the most precious U .S assets—record labels and movie studios, theme parks, technology companies, and hotel and...

Ngày tải lên: 06/08/2014, 20:22

... products outside the central plan directives, make personnel decisions, retain and reinvest profits, and set their own bonus and welfare payments system Subsequent reforms expanded this program ... banking businesses, facilitating trade by provision of credit, and furnishing a link between the market systems of China—all these were recognized functions of native banks and their associations.’’9 ... 105 existed, the credit of nonmembers suffered Nonmember banks had to offer higher rates of interest and undertake business that members would not consider.’’7 In this sense, Chinese guilds were...

Ngày tải lên: 06/08/2014, 20:22

... The Rise of Abacus Banking in China 119 the Chinese government by and large remains the majority owner of SOEs and the successors of CEs, township and village enterprises (TVEs) This means that ... market system and promoting the interests of their stockholders As Kime puts it, China s state banking system functions essentially as an agency of the government, ‘‘selling’’ deposits much as a ... ‘‘Deflation is ravaging Chinese enterprises These companies, most of them state-owned, have accumulated hundreds of billions of dollars in unused inventories.’’10 Worse, excess supply extends to labor...

Ngày tải lên: 06/08/2014, 20:22

... managed, and business capacity expansion is supply-driven In this system, central planning units, namely SOEs and TVEs, are first assigned economic inputs and then they secure financing and search ... instance, banks financed close to 86 percent of the country s deficit.10 Regardless of how non-performing assets are measured and reported, China s looming banking crisis reflects the rise and fall ... according to some estimates, ‘‘These loans have gone to loss-making state enterprises and to politically connected businessmen rather than to the best projects.’’6 When such loans to SOEs are combined...

Ngày tải lên: 06/08/2014, 20:22

... banks, as was the case with the savings and loans crisis in the United States in the 198 0s As was the case in Japan, easy access to Western markets and vigorous economic growth reinforced a sense ... He is the author of several articles presented in academic and business conferences and published in professional journals, and is co-author, with Panos Mourdoukoutas, of China Against Herself: ... Various years China Statistical Yearbook Beijing: China Statistical Publishing House Statistics Bureau, Japan Statistical Association Various years Statistical Yearbook of Japan Tokyo: Japan Statistical...

Ngày tải lên: 06/08/2014, 20:22

... the rights of both dispensaries and their clienteles, is designed to inform both local communities and compassion clubs of the roles and responsibilities of such organizations, and aims to: Provide ... used in those studies must meet the standards of current practice in compassion clubs, not NIDA standards; • The studies should focus on applications and the specific doses for various medical ... Product Cost of Program Total Cost/Person Cost of Cannabis Quantity of Cannabis Cost of Cannabis/kg Cost of Cannabis/Person Usable Percent of Cannabis Cost of Unusable Cannabis Price to Patients/kg...

Ngày tải lên: 11/08/2014, 18:20

... employees knew the truth? The best person to answer these questions and tell the full story of Madoff 's rise and fall is Erin Arvedlund In early 2001, she was suspicious of the amazing returns of ... respect and admiration of Wall Street, of his wealthy friends and his charities, of his thousands of investors and believers But on this day, he commanded nothing and no one, except his own voice ... ever since news of the scam had broken Was it in London, where two of Madoff 's longtime fundraisers had set up an office? Was it in Switzerland, where Madoff had successfully courted Swiss banks...

Ngày tải lên: 01/11/2014, 11:51

... advice that this thesis is completed First and foremost I offer my sincerest gratitude to my supervisor, Dr Xiao Chi, Associate Professor of the Chinese Studies Department, who has supported me ... historical process of Chinese medieval aristocracy from rise to collapse lasted nearly a thousand years, therefore the properties of aristocratic families is impossible to remain unchanged In such ... DEGREE OF MASTER OF ARTS DEPARTMENT OF CHINESE STUDIES NATIONAL UNIVERSITY OF SINGAPORE 2010 ACKNOWLEDGEMENTS It is with the deepest appreciation and gratitude for the innumerable assistance and advice...

Ngày tải lên: 16/10/2015, 12:00