culha determinants of capital flows

The Volatility of Capital Flows in South Africa: Some Empirical Observations

The Volatility of Capital Flows in South Africa: Some Empirical Observations

... how much, and what type of capital inflow to buy. Specifically, how can the central bank make use of prior knowledge relating to the volatility and persistence of capital flows? And how would ... between the various components of South Africa’s capital account. It suggests that long-term capital, which consists primarily of bank loans, is the only form of capital that is negatively correlated ... therefore, to purchase some or most of these inflows. ?? The evidence tentatively suggests that incoming FDI may be partially offset by long- term capital outflows, possibly reflecting cover operations...

Ngày tải lên: 24/10/2012, 09:11

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BCKH DETERMINANTS OF CAPITAL STRUCTURE OF LISTED MANUFACTURING THE CASE IN VIETNAM

BCKH DETERMINANTS OF CAPITAL STRUCTURE OF LISTED MANUFACTURING THE CASE IN VIETNAM

... (1958), “The Cost of Capital, Corporate Finance,and the Theory of Investment”. American Economic Review. [3] Rajan, R. G. & Zingales, L, (1995), “What do we know about capital structure? ... Journal of Finance. [4] Trần Đình Khôi Nguyên (2006). Capital structure in small and medium-sized enteprises: the case of Vietnam”. ASEAN Economic Bulletin. [5] Nguyễn Ngọc Vũ (2003). Determinants ... (2003). Determinants of capital structure for listed firms in the Vietnam stock Exchange Market”. Danang University Press, Danang, Vietnam. [6] Stata Web Book. University of California, Los Angeles....

Ngày tải lên: 26/02/2014, 14:28

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Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx

Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx

... to the regulatory minimum level of capital. In Section 7 we offer a number of conjectures about theories of bank capital structure that are not based on binding capital regulation and that are ... may demand banks to commit some of their own capital when extending credit. Since borrowers do not fully internalize the cost of raising capital, the level of capital demanded by market participants ... theory of capital structure, Journal of Finance 46, 297- 356. Hovakimian, A. and Kane, E. (2000) Effectiveness of capital regulation at U.S. commercial banks, 1985 to 1994, Journal of Finance...

Ngày tải lên: 15/03/2014, 10:20

52 512 1
Monitoring the macroeconomic determinants of banking system stability

Monitoring the macroeconomic determinants of banking system stability

... 98 8 9 10 11 12 13 14 15 16 50 55 60 65 70 75 80 1.8 2.4 0.8 0.8 1.6 1.3 1.3 1.4 2.9 0.6 312.3 171.0 379.3 535.5 629.6 138.8 265.2 200.8 947.0 104.1 100.0 18.2 14.1 10.0 8.5 1.9 14.1 5.7 25.9 1.6 100.0 9.8 14.3 9.4 7.0 2.4 23.2 5.1 24.6 4.2 Agriculture Total phd00-9a 1.1 Development of the financing structure of Belgian companies (percentages of total) 1.2 Indicators of the profitability of Belgian companies (percentages) Equity capital Credits from ... debts Profitability of equity capital (left-hand scale) Percentage of enterprises showing a profit (right-hand scale) Loans contracted as percentage of total credits Value added as percentage of ... the direction of the analyses by studying to what extent macroeconomic developments of a real nature can affect the stability of the financial system. 2. Theoretical outline of the determinants of financial...

Ngày tải lên: 24/10/2012, 09:11

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International Capital Flows and Boom-Bust Cycles in the Asia Pacific Region +

International Capital Flows and Boom-Bust Cycles in the Asia Pacific Region +

... destination of foreign capital, which means that real economic activities in Singapore have little relationship to capital flows in and out of the country. 18 The positive effect of capital inflows ... current account imbalances are often financed by capital account, and we would like to exclude such endogenous movements of capital flows from the shocks to capital flows. Second, we condition ... example, whether capital flows generate boom-bust cycles, and whether capital flows help explain the synchronization of the business cycles in the Asian countries. Capital flows, especially...

Ngày tải lên: 24/10/2012, 09:27

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 Capital Flows to Emerging Market Economies

Capital Flows to Emerging Market Economies

... Components of Capital Flows Since our last update on capital flows to emerging market economies at the end of March, we have revised our projection for net private capital flows in 2005 ... advantage of low spreads to prefinance obligations due in 2006. Portfolio equity flows are also more robust than previously expected. Key features of the main categories of net private capital flows ... accounting for one-third of net flows. ” The Institute of International Finance, Inc. Capital Flows to Emerging Market Economies Page 17 September 24, 2005 over only 80 percent of its external...

Ngày tải lên: 24/10/2012, 09:33

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Báo cáo y học: "Determinants of improvement in quality of life of alcohol-dependent patients during an inpatient withdrawal programme"

Báo cáo y học: "Determinants of improvement in quality of life of alcohol-dependent patients during an inpatient withdrawal programme"

... Predictive factors of quality of life on admission Two-thirds of patients had a Physical Compo- nent Summary score of >42 and two-thirds of patients had a Mental Component Summary score of >25. ... number of days of absti- nence during the 6 months preceding hospitalisation, duration of alcohol dependence, length of time since the first alcohol-related period of care, family history of alcoholism ... of patients during care and the influence of QoL on the prognosis of alcoholism are unknown (22, 23). The aims of this study in a clinical setting was: 1) to determine the change in QoL of...

Ngày tải lên: 03/11/2012, 10:52

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DETERMINANTS OF POVERTY REDUCTION POTENTIAL OF LAND IN RURAL VIETNAM

DETERMINANTS OF POVERTY REDUCTION POTENTIAL OF LAND IN RURAL VIETNAM

... conditions are key determinants of success or failure. Aim to analyze further these effective factors basically and systemically, the topic Determinants of poverty reduction potential of land in Vietnam ... UNIVERSITY INSTITUTE OF SOCIAL STUDIES HA NOI THE HAGUE DETERMINANTS OF POVERTY REDUCTION POTENTIAL OF LAND IN RURAL VIETNAM A THESIS PRESENTED BY HA CHI HAI In Partial Fulfillment of the Requirements ... appropriate length of tenure, ceiling levels for land holdings and restrictions on the transfer and use of land. I.2 The process of land allocation Approximately 80 percent of the populations of some...

Ngày tải lên: 12/04/2013, 16:07

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Cost of Capital and Surrender Options for Guaranteed Return Life Insurance Contracts

Cost of Capital and Surrender Options for Guaranteed Return Life Insurance Contracts

... equity capital, we introduce the notion of cost of capital. We analyse the impact of the cost of capital on the valuation of life insurance contracts with guarantees. In the last part of this ... . . . . . . . . . 8 3 Cost of Capital 11 3.1 Incompletemarketsandcostofcapital 11 3.2 Pricingundercostofcapital 13 3.2.1 Thecaseofa’true’guarantee 13 3.2.2 The case of a conditional guarantee ... the cost of capital B for an in increase in the capital cost γ. The initial price of the contract V 0 which excludes the cost of capital remains indifferent to the level of the target capital TC 0 . 3.2.2...

Ngày tải lên: 13/04/2013, 13:04

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Principles of Accounting- Preparing the Statement of Cash Flows

Principles of Accounting- Preparing the Statement of Cash Flows

... the Statement of Cash Flows  Two items usually shown on the statement of cash flow in the indirect method:  Profits or losses from sales of fixed assets (investing)  Profits or losses ... Sources and Uses Bo Ho Company The statement of cash sources and uses is the precursor of the statement of cash flows; it looks like a “random collection” of plus and minus signs (changes in the ... Program 2005-2006 Principles of accounting Lecture 4a 7/17/2006 Nguyễn Tấn Bình 15 From Amounts on the Income Statement to Items on the Statement of Cash Flows  Accountants often calculate cash flows from income...

Ngày tải lên: 26/10/2013, 17:15

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Principles of Accounting- Statement of Cash Flows

Principles of Accounting- Statement of Cash Flows

... Program 2005-2006 Principles of accounting Lecture 4 7/17/2006 Nguyn Tn Bỡnh 13 Cash flow from investing ã Receipt flows (inflows) include – Liquidations of fixed assets – Sales of marketable securities – Recovery of ... Nguyễn Tấn Bình 23 Cash flow concept Conventions on cash flows:  Inflows, or receipt flows  Outflows, or disbursement flows Total net cash flows (from three activities) equal the difference between ... cash balances Analysis of the statement of cash flows Cash flows of the 4 companies, I, II, III, and IV 7/17/2006 Nguyn Tn Bỡnh 42 ê Company I is an example of a new firm or a firm that has new...

Ngày tải lên: 26/10/2013, 17:15

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Modeling Barriers to International Capital Flows: A Multicountry Framework

Modeling Barriers to International Capital Flows: A Multicountry Framework

... composed of national markets where barriers to international capital flows are least likely to adversely affect its return. This process takes full advantage of practitioners’ knowledge of these ... Limitation of the percentage of foreign ownership of financial assets or restriction of ownership to specific areas. o Market Regulations: Foreign ownership flowing into or out of overseas ... political risks are: o Expropriation of Assets: The government of the country where funds are invested confiscates the capital investment. o Repatriation of profits: U.S. investors are unable to...

Ngày tải lên: 08/11/2013, 23:15

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