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[...]A key finding of our work is that for small auction sizes,TIO interest rates are fairly comparable to MBS repo rates forterm lengths of five days or more. However, shorter termlengths result in the Treasury receiving lower TIO rates relativeto market rates. We also observe a negative...
Persistent link: https://www.econbiz.de/10005869669
Vorliegendes Arbeitspapier untersucht die aktuelle Situation des Factoring in Deutschland .
Persistent link: https://www.econbiz.de/10005842862
Restricted access to finance is often stated as one of the main obstaclesto the development of the SME sector in Russia. In this paper, wepropose a new lending strategy that allows private banks to profitablyincrease financing of this sector in spite of being at a disadvantagecompared to the...
Persistent link: https://www.econbiz.de/10005843035
Dem Finanzmanagement einer Unternehmung obliegt eine Vielzahl sehr heterogener Aufgaben. Gegenstand dieses Beitrages … Überlegungen und Maßnahmen verstanden werden, die das Finanzmanagement einer Unternehmung zur zielgerichteten Beeinflussung des … Instrumente zur Beeinflussung des Cash Flow das Finanzmanagement verfügt. Mit dem Instrumentarium befassen wir uns in Kapitel 3 …
Persistent link: https://www.econbiz.de/10005844276
Der Begrifff des internationalen Finanzmanagementsumfaßt im funktionellen Sinne alle Tätigkeiten, diesich auf die Beschaffung, Verwaltung und Verwendungvon Kapital in einer internationalen Unternehmungbeziehen (Kapitalbeschaffung, -+CasbManagement, Kapitalstrukturpolitik,...
Persistent link: https://www.econbiz.de/10009418848
[...]This article examines the origins and early development ofthe Federal Reserve’s book-entry system—the system mostclosely associated with the elimination of definitive, orcertificated, Treasury securities. We suggest that the Fed’ssystem was the product of three important factors: the...
Persistent link: https://www.econbiz.de/10005869747
[...]This article examines the introduction of regular auctionofferings of Treasury notes and bonds in the early 1970s. We donot take issue with the conventional wisdom that auctions aremore efficient and less costly than fixed-price offerings. Rather,we seek to identify why the Treasury twice...
Persistent link: https://www.econbiz.de/10005869761
[...]This article describes the U.S. experience with inflationindexeddebt, including the evolution of activity in the TIISmarket since its inception and the valuation of those securitiesrelative to nominal Treasury issues. We show that despite thepotential appeal of TIIS, their yields have been...
Persistent link: https://www.econbiz.de/10005869763
[...]This article adds to the literature by estimating andevaluating a comprehensive set of liquidity measures for theU.S. Treasury securities market. High-frequency data from theinterdealer market allow for an analysis of trading volume,trading frequency, bid-ask spreads, quote sizes, trade...
Persistent link: https://www.econbiz.de/10005869781
[...]We also concentrate our survey on literature that testseconomic hypotheses within samples of U.S. firms. However,we believe that much of our discussion can be generalized tofirms throughout the world. Bushman and Smith (2003)present a broad overview of how differences in...
Persistent link: https://www.econbiz.de/10005869804