... in rural areas. The BOP share of the total urban health market is smaller in every re-gion than the BOP share of the rural market, because of the concentration of mid -market and high-income ... BOP shares of total health spending are in Jamaica (90%) and Peru (77%), andthe smallest in Colombia (31%). Generally, the smaller the percentage of the popu-lation in the BOP, the greater the ... disparity between the BOP share of the total population (95%) andthe BOP share of health spend-ing (54%).At the national level there is similarly wide disparity in theshare of health spending...
... evaluation and output of the database has changed from analogue to digital. Some of the land valuation boards already offer their information in the Internet. The land valuation board in Berlin was the ... maps / standard land value Products from the Purchase Price Collection made from the land valuation board are the price contour maps. In the price contour maps you can find a standard land value. ... about the purchase date, the location, thesize of lot, the type of use, the year of construction from buildings etc. andthe purchase price. For an appraisal it is possible to use the Digital...
... their theoretical model. The χ2 statistic, however, can be misleading depending on the complexity of the model (the more complex the model, the better the fit), thesize of the sample (the ... anomalies to market efficiency and advances in asset pricing. As I develop the theory, I explain the necessary conditions and then discuss the empirical implications of the model. The results ... with their opinions of market efficiency (those who believe markets are inefficient and are trying to beat themarket or those who believe markets are efficient and are not trying to beat the markets)....
... decisions and market interest rates. It looks, on the one hand, at the links between central bank rates and money market rates and, on the other hand, at the trend during the crisis of the risk-free ... dynamic, and u are the error terms. The term in the parentheses is the cointegration vector and represents the long-term relationship between the interest rates, whereas the rest of each of the ... rates and retail bank rates in the euro area in the Context of the reCent Crisis3.2.1 Methodology The theory suggests that there is a stable relationship between themarket interest rate and the...
... accounting standards in Indonesia, Malaysia, and Thailand(although Thailand has also been influenced by US GAAP). US GAAP, on the other hand,was the primary basis in the Philippines and Taiwan ... values from the other countries. Therefore, the usefulness ofaccounting for firm valuation may differ across countries as well. On the other hand, the accounting standards developed in these countries ... years.King and Langli (1998) examine the explanatory power of BVPS and earnings per share (EPS) for three European countries: Germany, Norway, andthe UK. They findsignificant differences in the valuation...
... FOMC17 the December 19 move is treated as if it occurred on the 18th, andthedifference betweenclosing futures rate on the 18th andthe opening rate on the 19th is used to measure the surprise ... forecast the timing of changes in the Fed funds target, and an ordered probit to predict thesize of the change. These methods can be cumbersome, however, and there is some debate as to the reliability ... futures rate on the 15th andthe opening rate on the 16th.Table 2 lists the 42 target rate changes contained in the sample, and their futures-baseddecomposition into expected and unexpected...
... thedifference in yield between the 10-year Treasury note andthe three-month Treasury bill, the risk-free rate (RFREE) measured as the return on the one-month Treasury bill, andthe U.S. market ... and for the others the absolute magnitude of the negative values have declined. This implies that either the emerging market currencies have become more stable and appreciated relative to the ... opportunities. This reflects the experience of the Chilean economy over much of the 1980s and 1990s (Altig and Humpage (1999)). The significant positive marketandsize betas in the second sub-period...
... expenses and higher safety technology mandates exceeds the present value of future fuel savings andthe value of increased safety, then the consumer has been made worse off by the cost of these mandated ... technologies. If the present value of future fuel savings andthe value of higher safety technologies exceed the costs of increased mandates then the consumer is made better off by the mandated increase ... with the constraints applied at the 47 mpg. Therefore, the allowable PHEV and HEV marketshare at the 51 mpg standard was increased to 22.5 percent to achieve the required average fuel economy.”...
... similar to those in the classic LMM. The main difference is given by the drift rates that depend on the relevant forward rates for the discount curve, ratherthen the other FRA rates in the considered ... another. Section 5extends themarket Black formulas for caplets and swaptions to the double-curve case.Section 6 introduces the extended lognormal LIBOR market model and derives the FRA and ... accordingly the corresponding market models.Again, the choice of the discount curve D depends on the credit worthiness of the counterparty and on the possible presence of a collateral mitigating the...
... products. These conditions wereconducive to the expansion of credit without dueregard to the risks. It then describes the market responses to the deteriorating conditions and the response of the ... short-term money marketssimultaneously. Although the U.K. authoritiesmight have wished to see the markets and the banking system resolve the crisis on their own, in the end they needed to support ... separated and given to the Financial Supervision Authority (FSA). The responsibilities in the case of a crisis were thensplit among the Treasury, the Bank, andthe FSAas documented in a Memorandum...
... auction-specific market conditions; expected auction size andthesize ratio. Fifth, we have interbank rate variables; the swap spread, the neg-ative swap spread, andthe conditional volatility of the two-week ... cooperatives,they are 3.47 bps and −0.18 bps; for foreign banks, they are 2.84 bps and −0.15 bps; forLandesbanks, they are 2.83 bps and 0.50 bps; and for cooperative central banks, they are4.27 bps and ... ln(assets) andthe equity ratioare available monthly. In the regressions, for each operation we use the values of these twovariables at the end of the month prior to the start of the maintenance...
... includes ELG fees and the spread between the 3 month Euribor andthe Euro Overnight Index average, or Eonia, whichis the average rate that banks lend to each other overnight. The Euribor-Eonia ... market uncertainty and risk, which increases funding costs for banks. Figure 11 shows the development of this spread andthe increases during times of high uncertainty. Both the ELG fee and the ... 2011, reflecting the funding outflows and shortened maturity profile experienced by the covered institutions. Nonetheless, given the increasing5These shares andthe series shown in Figure 7 are based...
... liberalization andthe strengthening of the economicrole of the state at the domestic level’.40 The creation of the ECSC in 1951 andthe EEC (and Euratom) in 1957,in the name of the ideal of ... economic order.2 The two pro-cesses come together, or perhaps rather find their moment of synthesis,in the establishment of first the European Coal and Steel Community(ECSC) and later the European ... the nature of the space and rolethat have been, are and are likely to be allocated, in the construction of the Community, to social rights and policies at national and supranationallevel.The...
... environment relevant to market orientation, and (c) the extension of market orientation to include the concepts of market- driven and of driving markets. Rather than viewing the MKTOR and MARKOR measurement ... studies in market orientation, they synthesize a final 25-item scale of market orientation that demonstrates strong reliability and validity. In the final example of scale synthesis, two other studies ... customers and competitors as focal domains for understanding themarket environment and does not explicitly address how other market factors suggested in the literature…may influence competition and...
... homes and 128 kilobits per second “upstream” to the Internet.This is far less than true (and technically feasible) broadband speeds, and the structure of these services further reduces their ... capitalists. Given the quite contro-versial nature of this book, andthe sensitive positions many ofthese persons occupy, I will not mention them by name here, butthey know who they are, and I am extremely ... whowould pay their rates. Rather, they were permitted to control and even ownwhat was broadcast over their networks. For the past several decades theyhave also been permitted to develop their own...