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Mortgage-backed securities (MBS) are debt obligations whose cash flows are backed by the principal and interest payments of pools of mortgage loans, most commonly on residential property (Riddiough, 2001). Lenders establish underwriting guidelines, evaluate prospective homeowners’ credit, and...
Persistent link: https://www.econbiz.de/10008866120
We address a dynamic general equilibrium model where securities are backed by collateralized loans, and borrowers face endogenous liquidity contractions and financial participation constraints. Although the only payment enforcement is the seizure of collateral guarantees, restrictions on credit...
Persistent link: https://www.econbiz.de/10011113921
Active labour market policies are commonly used tool to fight unemployment. In the late 1970s in most developed countries of OECD government expenditures on those policies reached up to 1.5% of GDP. This created a need to evaluate the impact of such measures and perform cost‐benefit analyses....
Persistent link: https://www.econbiz.de/10011259669
The preoccupations concerning the analysis and the administration of the risks began in the year 1970 and lasted for 10 years, aiming at different fields of the human sciences: administration, sociology, economy, political sciences. The negligence in analyzing the risks for more than 20 years...
Persistent link: https://www.econbiz.de/10011261114
and better quality of care. An appropriate definition and evaluation of the outputs provided by these institutions and … methodological approaches which can be used to evaluate medical teaching and research. Some evaluation experiences of both Italian … systems is immune to criticism. Hence, the importance of adopting multiple evaluation methods involving subjective and …
Persistent link: https://www.econbiz.de/10005014964
In 2007, the Intergovernmental Panel on Climate Change’s Working Group One, a panel of experts established by the World Meteorological Organization and the United Nations Environment Programme, issued its Fourth Assessment Report. The Report included predictions of dramatic increases in...
Persistent link: https://www.econbiz.de/10005260213
the need to develop monitoring and evaluation systems that are capable of ensuring and demonstrating improved performance …
Persistent link: https://www.econbiz.de/10009295268
Performance evaluation plays a central role in improving public service quality and increasing efficiency and … accountability in the public sector. New Public Management recommends performance evaluation as a tool for rationalizing public … characteristics of performance evaluation and to highlight its influences in public organizations. The study is based on review and …
Persistent link: https://www.econbiz.de/10009323239
Active labor market policies are commonly used tool to fight unemployment. In the early 1960s all Scandinavian countires have introduced several different measures to have an effect on their labor markets. In the late 1970s in most developed countries of OECD government expenditures on those...
Persistent link: https://www.econbiz.de/10009386723
, specifically in the Romanian State Treasury, by standardizing the risk evaluation in audit (RBIA). The authors are considering that …
Persistent link: https://www.econbiz.de/10008596423