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Why do banks target ROE?
Pennacchi, George G.; Santos, João A. C. - 2018
Historically, nonfinancial corporations relied on performance targets linked to their EPS. Up until the 1970s, banks … these differences because EPS growth is better at explaining nonfinancials' stock market value while ROE is better at … shareholder value, its performance based on ROE is much better than its performance based on EPS. We argue that such a situation …
Persistent link: https://www.econbiz.de/10011868481
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MINARES : an iterative solver for symmetric linear systems
Montoison, Alexis; Orban, Dominique; Saunders, Michael A. - 2023
Persistent link: https://www.econbiz.de/10014368430
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Vietnam : 2020 Article IV consultation : press release; staff report; and statement by the Executive Director for Vietnam
Internationaler Währungsfonds - 2021
Successful containment of COVID-19 and strong policy support have helped contain the health and economic fallout, and a strong recovery is underway. Growth in 2020 reached 2.9 percent, among the highest in the world. However, labor market conditions remain weak. Corporate balance sheets have...
Persistent link: https://www.econbiz.de/10012516477
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Indonesia : 2020 Article IV consultation : press release; staff report; and statement by the Executive Director for Indonesia
Internationaler Währungsfonds - 2021
Indonesia has responded with a bold and comprehensive policy package to cushion the impact of the COVID-19 pandemic. The economy rebounded in the third quarter of 2020, and the economic recovery is projected to strengthen in 2021 and 2022. Strong policy support and an improving global economy...
Persistent link: https://www.econbiz.de/10012516489
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Indonesia : selected issues
Internationaler Währungsfonds - 2021
Persistent link: https://www.econbiz.de/10012516490
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West African Economic and Monetary Union : staff report on common policies for member countries : press release; staff report; and statement by the Executive Director for the West...
Internationaler Währungsfonds - 2021
After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal...
Persistent link: https://www.econbiz.de/10012516495
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West African Economic and Monetary Union : selected issues
Internationaler Währungsfonds - 2021
Persistent link: https://www.econbiz.de/10012516496
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Democratic Republic of São Tomé and Príncipe : second review under the extended credit facility, request for waiver for nonobservance of performance criterion, request for modifica...
Internationaler Währungsfonds - 2021
The COVID-19 pandemic is having a severe impact on Sao Tome and Principe's economy, exacerbating fiscal and external imbalances. Tourism activities and external remittances dropped sharply, while lockdown measures further deepened the recession. The authorities' swift actions and unprecedented...
Persistent link: https://www.econbiz.de/10012516497
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Islamic Republic of Mauritania : sixth review under the extended credit facility arrangement and request for waiver of nonobservance of a performance criterion : press release; sta...
Internationaler Währungsfonds - 2021
The COVID-19 pandemic is having a severe human, economic, and social impact on Mauritania. The economy is estimated to have contracted by about 2 percent in 2020 and the crisis generated large financing needs. The authorities responded swiftly to mitigate the impact of the pandemic while...
Persistent link: https://www.econbiz.de/10012516498
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Malaysia : 2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Malaysia
Internationaler Währungsfonds - 2021
Malaysia entered the pandemic from a robust economic position but has nonetheless been significantly affected. A synchronous fiscal, monetary and financial policy response has helped cushion the economic impact. As a result, after a deep recession in 2020, and assuming the pandemic is brought...
Persistent link: https://www.econbiz.de/10012516500