... their research assistance The financial support ofthe Department of Social and Economic Sciences at the Karl-Franzens-University Graz andthe moral support of my colleagues at the Institute of ... marketplaces Rather, they have been documented as early as after the disintegration ofthe tulip price bubble in the Netherlands in 1637 or the plunge in stock prices ofthe South Sea Company in the UK ... helping the economic discipline in gaining a better understanding ofthe bubble phenomenon.7 The bursting ofthe bubble in real estate prices in the economy ofthe USA in the second half of 2007...
... little out ofthe ordinary; the questions and recommended readings at the end of each chapter; andthe companion website ACK N OW LEDGEM EN TS Geoffrey Jalleh, Associate Director ofthe Centre ... all others, the marketer’s goals relate to the wellbeing ofthe marketer (sales and profits, members and donations, political representation, etc.) If the wellbeing ofthe community is not the ... such as in the introduction ofthe printing press, the telephone, or the worldwide web In other cases, change can be violent as in the French and Russian revolutions ofthe eighteenth and twentieth...
... support; the prudential and other regulatory requirements that apply to the operations ofthe bridge institution; the selection of management andthe manner by which the corporate governance ofthe ... requirement and for monitoring and assessing the plans’ adequacy Authorities should continually assess an FMI on the adequacy of these plans (taking into account the risk profiles of both the FMI and ... plans with the FMI to the extent necessary, but they may decide not to disclose them, or parts of them, to the FMI Cooperation and coordination with other authorities 2.10 Each ofthe above elements...
... structured “shopping ofthe show” then you can go back and visit all the other booths Keep in mind that all the people at the show are there to talk about their products and learn about new products ... to their warehouses for storage, and then from the warehouses to the retail outlets handling all ofthe logistics in between including invoicing and collection However, the producer still has the ... The percentages charged by distributors often appear high, but in reality are most often competitive for the range of services and risk they take in getting the products to market Thousands of...
... upon at the time ofthe conclusion ofthe contract (the short leg), and a reverse exchange ofthe same two currencies at a date further in the future at a rate (generally different from the rate ... attributable to the consolidation of firms in 2008 andthe exit of some dealers from the U.S market Participating dealers were commercial banks, U.S offices of foreign banking organizations, and securities ... seven days and up to one year, and over one year) For both instruments, the data illustrate the relatively short-term nature ofthe products More than 98 percent ofthe FX swaps reported in the survey...
... (1) where Δet is the change in the logarithm ofthe exchange rate at time t The mean ofthe exchange rate returns process, μ, the autocorrelation coefficient, ρ, andthe variance ofthe innovation, ... on the MPC andthe UK monetary policy process, see Bean (2001) and www.bankofengland.co.uk/monetarypolicy/ framework.htm These are published at www.bankofengland.co.uk Vol No Bank of England ... measured by the Bloomberg survey For the other eighteen instances, the market was either surprised that the MPC changed the policy rate or was surprised by the extent ofthe change There were...
... (slope ofthe yield curve) Traditionally, the slope ofthe yield curve can affect debt maturity as it is one ofthe determinants ofthe trade-off between cost and risk of issuance (IMF and World ... Russia and Turkey) by Acevedo et al (2006) Table C6 summarises the determinants ofthe evolution ofthe ratios of debt to GDP for a sample of emerging economies in the years since the peak of their ... years at the end of 2006 The duration of market debt, including internal and external debt, rose from 2.3 years at the end of 2000 to 3.0 years at the end of 2006 Share of fixed-rate debt The proportion...
... IFAC? The International Federation of Accountants (IFAC) is the global organization for the accountancy profession It is dedicated to serving the public interest by strengthening the profession and ... addition to standards, the IFAC committees andthe independent standard-setting boards produce tools and guidance to facilitate the adoption and implementation of standards They also work closely ... accountancy profession The PIOB oversees IFAC’s public interest activities with the objective of increasing the confidence of investors and others that these activities are properly responsive to the public...
... description ofthe data and relevant descriptive statistics, followed by an explanation ofthe methodology and presentation ofthe results 3.1 Data and summary statistics The sample of issues of sukuk and ... incorporates the large- and mid-cap stocks ofthe FTSE Bursa Malaysia 100 Index andthe FTSE Bursa Malaysia Small Cap Index 15 We standardize CAARs using the square root ofthe product ofthe number of ... 2007).5 The assets are then leased back to the sukuk issuer for a stated period, with the agreement to sell the asset back to the lessee at the end ofthe lease period At the same time, the SPV...
... meet the liability assumed on behalf ofthe private sector, there may be an element of subsidy in the arrangement because the value ofthe tax is less than the cost ofthe liability Analysis of ... assumptions for the study were noted in a letter provided by the Office of Policy on May 20, 1999 A second letter from the Office of Policy clarified the assumptions further, focusing the analysis of subsidies ... which may affect the use of energy or the composition of energy supply, and how these interventions have changed since the 1992 report.” The Office of Policy also specified that the subsidy must...
... years and who continue to patronize your business You should not only make them aware of your celebration, you should include them in it There are all kinds of ways to be sure they get the recognition ... potential customers of your longevity at the time of purchase Add an embossed logo to presentation folders and proposals Also print up a special run of brochures featuring your logo and theme You can ... Moines, Iowa, offered a prize for the best customer costume The owners and staff were astounded by how many people showed up in costume The store first opened in the 1950s andthe winning entrant...
... research? The brand andthe snake-oil salesmen Problem 1: brand gets in the way ofthe real problems Problem 2: the claims made for the importance ofthe brand are overblown Problem 3: the brand ties ... error: these skills, know-how and abilities andthe willingness to apply them not belong on the company’s balance sheet They are the property ofthe employee not the company5 The man who knew too ... the plot; all I is give you some further description ofthe place where we are, the flavour and texture ofthe scene and characters at this point in the story – the simple dark wood of my grandmother’s...
... functions of series of material and behavioural constraints, not the least of which is the enthusiasm of those at the grassroots, which in the case ofthe agricultural reforms means the farmers andthe ... wealth andthe structures ofthe economies; the ways the different governments are organized—especially focusing on the degree of decentralization; andthe historical legacy of Socialism andthe ... sets the incentives faced by the manager ofthe farm Assuming that the main contribution ofthe manager is ‘effort’, then the nature ofthe farm organization will determine the incentives for the...
... in the public mind, in light ofthe role of mortgage-backed CDOs in the financial-sector crisis of 2008 With the onset ofthe crisis, the rate ofnew CDOs to finance microfinance fell to a standstill ... and have firsthand exposure to the MFIs For these reasons they are the most suitable investors in thelong run, and their importance will rise as the markets in countries like India, Brazil, and ... consumers, as in the case ofthe subprime mortgage debacle in the United States, the damage can spread far beyond a single offending bank It tarnishes the reputation andthe returns ofthe entire sector...
... because ofthe number of clients covered andthe number of data points per client The technology requirements and costs of such a system are significant The difference between negative and positive ... community The women paid close attention as the Swadhaar of cial filled out the account-opening paperwork and explained the system Then they moved to the ATM to register their fingerprints When I saw the ... ProCredit is part ofthe “cream ofthe cream” of microfinance; there are few other possibilities that match its scale and quality Sequoia and SKS A few equity investors willing to dedicate their own staff...