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The motion passed in 2002 in the parliament of the Swiss canton of Valais by the MP Yves Bagnoud requires that the government has the overall debt of the State externally audited. The aim of this study is to provide information to answer the motion. To do so, the study is organised as follows....
Persistent link: https://www.econbiz.de/10005125990
Two 'event' scales for financial markets, called 'scale of market shocks' (SMS), are introduced, which measure the importance of the market movements. These indices are based on the price volatility and are computed by integrating mapped asset volatilities over time horizons that range from 1...
Persistent link: https://www.econbiz.de/10005076995
Differences in asset measurement techniques can have a major impact on reported capital costs. Their influence on total … that different methods of asset measurement could lead to quite large variations in reported capital costs. Considered in … the context of total unit costs, however, the differences created by these asset measurement effects were relatively small …
Persistent link: https://www.econbiz.de/10005125897
discount rates. Based on Barnett’s (1991) definition of the economic stock of money, we compute the U.S. economic stock of …
Persistent link: https://www.econbiz.de/10005412591
In the same time period over which the former socialist countries of Eastern Europe and Central Asia became freer, measured inequality of income for those countries increased. Researchers linked the increase to the egalitarian values of socialism and to the process of economic and political...
Persistent link: https://www.econbiz.de/10005118811
This presentation discusses an interpretation and analysis of social capital that is strongly integrated into a framework of social relations. We argue that social capital is organized in four fundamental types of social relations: market, bureaucratic, associative, and communal. Each type of...
Persistent link: https://www.econbiz.de/10005118864
fluctuations of income over time ('smoothing policies') after making an explicit adjustment for measurement error. Since the …
Persistent link: https://www.econbiz.de/10005119120
market risk is needed. This new risk concept should allow for the measurement of the degree of market efficiency, which is … time and horizon dependent. The proposed definition of financial market risk is a time - frequency distribution function P … - invariant FMH risk depends on the lengths of time horizons, as measured by the Hurst exponent. By way of empirical examples in …
Persistent link: https://www.econbiz.de/10005561619
This paper computes an aggregate real after-tax rate of return on residential real estate in the United States. We account for net rental income, capital gain, and subsidies due to tax provisions for homeowners in constructing a total return measure. We also compute separate returns to owners...
Persistent link: https://www.econbiz.de/10005561628
This paper presents and interprets descriptive statistics generated from data obtained in a survey of clients of five microfinance organizations believed to be among the best in Bolivia. These lenders represent different combinations of organizational design, lending technology, and market area...
Persistent link: https://www.econbiz.de/10005134580