các vấn đề trong việc định giá trái phiếu chuyển đổi

Tài liệu The German Banking System: Lessons from the Financial Crisis pptx

Tài liệu The German Banking System: Lessons from the Financial Crisis pptx

... Second, the structure of the banking system is very fragmented, with the public sector exerting a strong influence (Box 2) The share of the German banking system in public ownership prior to the ... corporate banking business with investment banking activities, the regional commercial banks have a strong local presence and are often engaged in special activities like housing finance The smaller...

Ngày tải lên: 16/02/2014, 11:20

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The Corporate Governance Lessons from the Financial Crisis docx

The Corporate Governance Lessons from the Financial Crisis docx

... systems With an appropriate mandate, CROs can potentially provide a strong internal voice for risk management Achieving a strong internal voice for risk management will depend on firm specifics ... finance driven by exuberant markets4 The regulatory framework and accounting standards (as well as strong investor demand) encouraged them not to hold such assets on their balance sheet but to adopt ... more effective stress testing with more use of scenario analysis In other words, they exhibited strong governance systems since the information was also passed upwards to the board …as did more...

Ngày tải lên: 15/03/2014, 19:20

30 437 0
chadha & holly (eds.) - interest rates, prices and liquidity; lessons from the financial crisis (2012)

chadha & holly (eds.) - interest rates, prices and liquidity; lessons from the financial crisis (2012)

... banks, but came to a halt in 2006 with the ending of QE However, Figure 1.4 shows that there was no strong link between excess reserves and bank lending So despite expansions in excess reserve balances, ... nominal, real and financial frictions and of different shocks Their main findings are that the data strongly favour a model with financial frictions for the UK economy; the sharp rise in spreads since...

Ngày tải lên: 01/11/2014, 11:17

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kolb - lessons from the financial crisis; causes, consequences, and our economic future (2010)

kolb - lessons from the financial crisis; causes, consequences, and our economic future (2010)

... with tremendous force by our present crisis New linkages have been revealed as well, perhaps most strongly in two areas: credit contagion and counterparty risk For example, the rumors that swirled ... extra demand, and the price of all investment classes will suddenly rise This was reflected in the strong growth of outstanding U.S private sector debt, which between 2002 and 2007 increased by 59...

Ngày tải lên: 01/11/2014, 13:25

644 543 0
dewatripont - balancing the banks; global lessons from the financial crisis (2010)

dewatripont - balancing the banks; global lessons from the financial crisis (2010)

... temptation to manage the accounts of banks so as to pretend that they are not really insolvent is strong Such forbearance has been practiced in various crises (e.g., the S&L crisis of the 1980s) ... “fundamentals.” Ben Bernanke himself in 2005 viewed the unprecedented housing price levels as reflecting strong economic fundamentals rather than a bubble (Tett 2009, 122) 13 See, e.g., Farhi and Tirole ... intermediaries, creating widespread problems of liquidity and of solvency Robert Shiller, an early and strong proponent of the view that the real estate market exhibited a bubble, has proposed that the...

Ngày tải lên: 03/11/2014, 14:57

149 333 1
Credit at times of stress: Latin American lessons from the global financial crisis pot

Credit at times of stress: Latin American lessons from the global financial crisis pot

... were once again strong enough to deal with a new unexpected shock The countries’ ranking position in the macroeconomic indicator is consistent with the discussion above Most of the strongest positions ... fiscal accounts between countries The argument put forward by this paper is that countries with strong fiscal positions before an external shock are better prepared to implement countercyclical ... governing the functioning of the financial system The conjecture, of course, is that countries with stronger regulatory and supervisory frameworks are better prepared to withstand adverse shocks to...

Ngày tải lên: 06/03/2014, 08:20

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griffith-jones - time for a visible hand; lessons from the 2008 world financial crisis (2010)

griffith-jones - time for a visible hand; lessons from the 2008 world financial crisis (2010)

... reversal of capital inflows After a brief interruption, capital flows to emerging markets recovered strongly from the early 2000s, with Asia being among the main recipients Asian policy-makers did ... harmonized counter-cyclical policies (monetary, fiscal, and regulatory) in developing economies is stronger than for other countries due to the greater weight that needs to be accorded to stability ... participate in the global financial markets In their view, one of the most important aspects was the stronger emphasis on the relationship between foreign saving, reserve accumulation, and the effect...

Ngày tải lên: 03/11/2014, 15:21

375 367 0
Lessons from the global financial crisis and recommendations to Vietnamese banking sector

Lessons from the global financial crisis and recommendations to Vietnamese banking sector

... category (Suiwah Leung, 2009) 1.2.1.4 Securitization process and more complex financial products The strong demand o f investors for high-yield instruments also contributed to the dynamic expansion...

Ngày tải lên: 27/03/2015, 11:43

174 848 2
Tài liệu FIRMS AND THEIR DISTRESSED BANKS: LESSONS FROM THE NORWEGIAN BANKING CRISIS (1988-1991) docx

Tài liệu FIRMS AND THEIR DISTRESSED BANKS: LESSONS FROM THE NORWEGIAN BANKING CRISIS (1988-1991) docx

... making it easier for firms to obtain financing from equity markets when banks are distressed Such strong protections are lacking in Japan and other East Asian countries In support of our argument, ... during this time period 18 Meanwhile, minority equity shareholders in Norway enjoy relatively strong protection against encroachment by controlling parties not interested in improving shareholder ... firms beyond that as a lender and that Norwegian shareholders are protected from expropriation by strong legal and institutional standards One way to check our assertions is to observe the ability...

Ngày tải lên: 16/02/2014, 10:20

47 452 0
Tài liệu SUMMARY OF RESPONSES GREEN PAPER AUDIT POLICY: LESSONS FROM THE CRISIS ppt

Tài liệu SUMMARY OF RESPONSES GREEN PAPER AUDIT POLICY: LESSONS FROM THE CRISIS ppt

... geographical coverage, strong foothold in some regional markets, the network, size of specific audit team and audit fees Re-tendering should also be a matter of vigilance by strong, independent Audit ... proverbial tip of the iceberg 10 Preparers, businesses and organisations of companies There is strong support from business respondents that audits should never be considered to provide comfort ... health of companies since this would transform audit opinions into credit ratings There is also strong support for enhancing the communication between auditors and supervisors (specifically in...

Ngày tải lên: 18/02/2014, 05:20

36 395 0
GREEN PAPER - Audit Policy: Lessons from the Crisis (Text with EEA Relevance) ppt

GREEN PAPER - Audit Policy: Lessons from the Crisis (Text with EEA Relevance) ppt

... balance sheet date The Commission wishes to explore the case for "going back to basics" with a strong focus on substantive verification of the balance sheet and less reliance on compliance and ... total ban concerning the provision of non audit services by the auditor to its clients as well as strong restrictions on the possibility for the members of the network of the auditor to provide services...

Ngày tải lên: 06/03/2014, 19:20

22 499 0
BIS Working Papers No 345 The bank lending channel: Lessons from the crisis doc

BIS Working Papers No 345 The bank lending channel: Lessons from the crisis doc

... intense, market-based pricing and stronger interaction between banks and financial markets reinforce the incentive structures driving banks, potentially leading to stronger links between monetary ... statistical data coverage of the banking sector by central banks In particular, there should be a stronger focus on monitoring those financial factors that are likely to influence the functioning ... more intensive use of market funding sources, such as the securitisation market Similarly, the stronger interaction between banks and financial markets exacerbates the impact of financial market...

Ngày tải lên: 15/03/2014, 10:20

36 661 0
báo cáo hóa học:" Short- and long-term evacuation of people and livestock during a volcanic crisis: lessons from the 1991 eruption of Volcán Hudson, Chile" docx

báo cáo hóa học:" Short- and long-term evacuation of people and livestock during a volcanic crisis: lessons from the 1991 eruption of Volcán Hudson, Chile" docx

... of the 20th century (Kratzmann et al 2008) The elongated shape of the deposit was the result of strong northwest winds Where did evacuation occur? The area impacted by ashfall was climatically ... the vegetation recovery Many farmers said they were very reluctant to leave their farms, citing strong financial and emotional attachment to their land and livestock 3.2 Irrigated Valleys High ... former Mayor of Puerto San Julian) Farmers evacuated “temporarily” due to remobilised ash from strong winds and fine ash contaminating house interiors However, this ultimately became permanent...

Ngày tải lên: 21/06/2014, 17:20

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Báo cáo hóa học: "Short- and long-term evacuation of people and livestock during a volcanic crisis: lessons from the 1991 eruption of Volcán Hudson, Chile" pot

Báo cáo hóa học: "Short- and long-term evacuation of people and livestock during a volcanic crisis: lessons from the 1991 eruption of Volcán Hudson, Chile" pot

... of the 20th century (Kratzmann et al 2008) The elongated shape of the deposit was the result of strong northwest winds Where did evacuation occur? The area impacted by ashfall was climatically ... the vegetation recovery Many farmers said they were very reluctant to leave their farms, citing strong financial and emotional attachment to their land and livestock 3.2 Irrigated Valleys High ... former Mayor of Puerto San Julian) Farmers evacuated “temporarily” due to remobilised ash from strong winds and fine ash contaminating house interiors However, this ultimately became permanent...

Ngày tải lên: 21/06/2014, 19:20

11 418 0
An analysis of modality in some commentaries on global financial crisis 2008   2009

An analysis of modality in some commentaries on global financial crisis 2008 2009

... khác 44 Trên thực tế, dường việc tránh tiếp tục lạm phát tất họ làm Thật may mắn cho đồng Đôla, đồng Ơrô, dường gặp phải vấn đề Ai nghĩ Giờ xác thời điểm để tạo nên thay đổi Những nhà lãnh đạo giới ... to fail or merge (17) Today’s financial film equity and bond holder must bear the main cost + Strong obligation: this is the highest degree of obligation or compulsion (= be obliged to) 29 Example: ... the subject of the sentence to something Whereas a semi-auxiliary like have to does not have a strong deontic meaning like must See the example: (19) Central banks have to start fistering consolidation,...

Ngày tải lên: 18/12/2013, 10:07

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