Showing 1 - 10 of 34
In recent years, one area of growing concern in corporate governance is the accounting and transfer of risk using special purpose entities (or trusts). Such entities are used widely in issuing asset-backed securities. This paper provides an overview of the asset-backed securities market, and...
Persistent link: https://www.econbiz.de/10005134710
Over the past 20 years, finance has become commodified. Firms increasingly obtain finance from securities markets, instead of borrowing from commercial banks with which they have long-term relationships, while Fannie Mae and Freddie Mac package a growing number of mortgages into bonds. When...
Persistent link: https://www.econbiz.de/10005134641
Capital markets and their related financial instruments make an important contribution to the welfare of Canadians. The Bank of Canada is interested in the efficient functioning of capital markets through each of its responsibilities for monetary policy, the financial system, and funds...
Persistent link: https://www.econbiz.de/10005413072
This paper describes the experiences of developing country enterprises, farmers and governments with commodity price risk management and various forms of structured finance. It explores the constraints that these entities face in using modern financial markets, including counterparty and...
Persistent link: https://www.econbiz.de/10005413090
Evaluation quality is a function of methodological and data inputs. This paper argues that there has been inadequate … investment in methodology, often resulting in low quality evaluation outputs. With an increased focus on results, evaluation … people, so attention to sound methodology matters. This paper explores three areas in which evaluation can be improved. First …
Persistent link: https://www.econbiz.de/10005124860
Based on administrative data from the federal employment office in Germany, we apply matching techniques to estimate the stepping-stone function of temporary agency work for the unemployed, i.e. its short-run and long-run effects on their future employment prospects. Our results show that...
Persistent link: https://www.econbiz.de/10005125736
This paper evaluates bank exit regimes in selected financial centres using econometric methods. The focus is on bank exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998–2002. Bank exit regimes are studied from the perspective of bank creditors...
Persistent link: https://www.econbiz.de/10005134896
of an evaluation lies not in its (apparent) incontrovertibility but rather in its clarity of assumptions and in its …
Persistent link: https://www.econbiz.de/10005118810
Très souvent perçue en tant qu’instrument de jugement a posteriori, l’évaluation a entre autre été conçue comme méthode … le bilan d’une situation. Dans la pratique, l’évaluation, appliquée sous une forme opérationnelle, suppose l’emploi de …’appliquent à ce même objet. L’évaluation reste donc étroitement liée à des notions purement théoriques et se heurte encore à des …
Persistent link: https://www.econbiz.de/10005118921
Merton�s Intertemporal CAPM to test whether these four sources of risk command different risk prices. The model performs well …
Persistent link: https://www.econbiz.de/10005076992