... risk becomes acute, and banks become less willing to lend to each other unsecured Because the LIBOR market is unsecured, one very rough measure of counterparty risk from the U. S housing crash ... medium-sized enterprises, which seem the most stressed in the current downturn Thus, figure could reflect a huge build up of excess reserves concentrated in large banks while, simultaneously, ... banks did slightly increase their net assets as the counterpart ofthe modest increase in M2, it was to buy securities such as government bonds or mortgages fully insured by the government But...
... Bureau ofthe ACF + The Office ofthe Assistant Secretary for Planning and Evaluation (OASPE) NCHS gratefully acknowledges the contributions of these programs and agencies, and all others who assisted ... includes data on the circumstances of first intercourse, characteristics ofthe first partners, as well as numbers of sexual partners These measures are important for understanding and developing ... error—Since the NSFG is a cross-sectional survey, some questions rely on respondents’ ability to recall events that occurred in the past, such as dates of first sexual intercourse and marriage For some...
... Statistics Bureau of Economic Analysis Bureau of Economic Analysis Administrative Office ofthe United States Courts; Bureau ofLabor Statistics Quarterly Census of Employment and Wages Rice and Strahan ... four southeastern states (Kentucky, Mississippi, South Carolina, and Tennessee), and two Great Plains states (Montana and North Dakota) Figure shows the distribution ofthe depositsbased failure ... prices reduced agricultural incomes and caused the failure of thousands of banks located in farm states and other rural areas States where farm land values and cultivated acreage had expanded the...
... based on U. S Bureau ofthe Census, 1900–1992 Censuses of Agriculture; U. S Department of Agriculture, National Agricultural Statistics Service, 1997 Census of Agriculture FIGURE 1-1 Number of ... the Structure of U. S Agriculture was asked to assess the role of public-sector agricultural research on changes in the size and numbers of farms, with particular emphasis on the evolution of very-large-scale ... funded agricultural research has influenced the structure of U. S agriculture The panel was asked to assess the influence of public-sector agricultural research on changes in farm size and numbers,...
... the end ofthe 179 0s, the notes and deposits of chartered banks constituted the bulk ofthe U. S money supply, though specie and chits or shinplasters (the bearer liabilities of non-banks) also ... transaction of business and supplies to the enterprising, whose credit is good, the deficiency of capital, which is necessary for the successful prosecution of their plans.”79 Contemporaries also often ... depositors, in other words, did not have to trade assets as frequently as a thousand individual investors would have to have done Mutual savings banks passed most of those savings on to depositors, thereby...
... function of both the firm s basic balance sheet exposure and derivative off-balance sheet exposures, while the subsequent discussion addresses the sources of these exposures Moreover, they also reveal ... nature of these risks The results of this study provide the first formal estimates ofthe joint effect of derivative exposures on the systematic interest rate and exchange rate risks ofUS banks ... (1994), and Prasad and Rajan (1995) We leave the discussion ofthe actual measurement of these exposure to the empirical section For the moment, it is sufficient to assume that such exposures can be...
... present the results for the monthly and daily estimates for the U. S bank holding companies, andthe last two columns present the results for the Japanese firms For the U. S firms, the exposure measures ... median estimates andthe standard deviation ofthe estimates, some aspects of its range, andthe number of firms whose exposure is found to be statistically significant The first two columns present ... ofthe bank 15 The estimates of exchange rate exposure provided in Section implicitly treat all sources of exposure the same In this section, we discuss some ofthe explicit sources of exposure...
... hypothesis, has not yet been tested I also extend my analysis to other equity issues, later SEOs, ofthe same group of firms after they have cross-listed and issued equity simultaneously These ... hypothesis, are similar for Foreign IPOs and Foreign SEOs, I test the main hypotheses of this paper on a joint sample of these two types of issuers Throughout the paper, unless otherwise specified, ... cross-listings supports the segmentation hypothesis This hypothesis suggests that the main advantage of cross-listing is that it breaks down investment barriers that would otherwise exist due to segmentation...
... improvement standards The US also has a strong enforcement compromised upon the quality ofthe current system (the SEC)for the US GAAP that may be with the adoption of IFRS.Thus, untillFRS is consistently ... enforcement of IFRS,maintaining US influence in the standard-setting process andthe funding mechanism for the IASB (Cohn) With the SEe 's silence, the adoption of IFRSin the US remains as a question ... to collaborate 16 based on different process" such a new system of accounting rules and standards One ofthe main reasons for the delay is the "unwillingness different to all ofthe cultures, ethics,...
... earnings as measured by ROA, and worse liquidity as measured by Cash & Due to assets, Investment Securities to assets, and Brokered Deposits to assets These results closely follow the univariate results ... Reserves): Since loan loss reserves represent a reduction in assets against anticipated losses on specific assets (e.g., a loan), they provide a source of strength against subsequent losses Consequently, ... ignores five ofthe six CAMELS components and likely seriously misclassifies “problem banks.” For all of these reasons, we not consider Torna s study to be a close substitute for ours The second point...
... exists Nevertheless, given that the pressures on shipbuilding funds will continue in the foreseeable future, the Navy may need to continue seeking ways to reduce the costs of its ships and this ... labor costs have escalated in com- 24 Why Has the Cost of Navy Ships Risen? parison to other costs We subsequently the same for material and equipment costs LaborLabor costs represent a substantial ... elements the government wants on a ship, regulations it imposes for standards and requirements in shipbuilding practices, and methods it uses to purchase ships These customer-driven factors increase...
... (such as radar), other mission systems (such as electronic countermeasures, communications, targeting systems, guns, and missiles), and propulsion systems To understand how price changes in these ... reducing signatures (i.e., reducing the possibility of detection by sensors such as radar) Equipment comprises all systems such as avionics (electronics to control the aircraft), sensors (such ... from the development ofthe F/A-22 and F/A-18E/F programs to derive lessons for the Air Force and other Services to improve the acquisition of future systems In Price-Based Acquisition: Issues and...
... Chinese products and lower U. S interest rates That subsidy helps to boost U. S consumption of Chinese products, which supports China s export industries However, the subsidy is at the expense of ... flows to the United States Thus, Chinese purchases of all types of U. S securities (not just Treasury securities) should be considered when attempting to understand the impact China s investment ... China (the gap between U. S exports and Chinese imports) All else equal, Chinese government purchases of U. S assets increases thedemand for U. S assets, which reduces U. S interest rates What might...
... operation, use, and protection of society s essential physical assets and natural resources and to enhance the related social assets of safety and security of individuals in transit and in their workplaces ... operating speed will consequently be reduced and safety will be compromised To understand trends in infrastructure, it is necessary to understand all four of these issues Table 2.1 Class I Railroads ... both the magnitude ofthe external costs of trucks and trains andthe difference in their costs An examination of these costs individually shows that the magnitude ofthe accident-cost figure for...
... Hedge Fund Investor Clienteles in Hedge Funds Foreign Investors in a U. S Hedge Fund Offshore Funds U. S Investors in Offshore Funds U. S Investors in Swiss Bank Accounts U. S Investors in Madoff-Like ... shareholders in an untested offshore non -U. S jurisdiction Just as the U. S has a vibrant supply of SEC regulated mutual funds, there is an equally healthy supply of foreign mutual funds that are similarly ... regulations for the purposes of admitting U. S investors is not a PFIC-rule triggering entity U. S Investors in Swiss Bank Accounts For comprehensiveness, we discuss the issue of U. S taxable individual...
... first step, as the means to ascertain the extent of air pollutant emissions, the degree of exposure to various risks from these pollutants, andthe consequences of such exposure Monitoring of ... (Mexico) SESMA Servicio de Salud Metropolitan del Ambiente (Chile) SF6 Sulphur hexaflouride SO2 Sulfur dioxide SO3 Sulfur trioxide SOx Sulfur oxides STPS Ministry ofLaborand Social Security, The ... other penalties Technically speaking, the regulatory measures requiring emissions reduction are the industry driver, while programs such as the EU-ETS are more-or-less byproducts ofthe laws...
... agriculture, coal mines, landfills, and oil and gas systems.2 USG funding supports activities across these four sectors, including feasibility studies, training workshops, demonstration projects, ... data (the third panel in the figure) to assess funding and strategic support (inputs), activities (outputs), and emissions reductions, institutional changes, and policy effects (outcomes) The final ... data (the third panel in the figure) to assess funding and strategic support (inputs), activities (outputs), and emissions reductions, institutional changes, and policy effects (outcomes) The final...
... related to the degree of sinuous flow sS = specific surface (surface area of solids/volume of solids) µ = coefficient of viscosity of fluid For sands and silt-sized (finer than 0.074 mm and coarser ... Fissure Systems Fissure systems such as joints, fractures, and bedding planes can yield, or contribute to, unpredictable flow paths, seepage patterns, and uplift pressures The permeability of ... hydraulic conductivity of a rock mass It is defined as the volume of a fluid of unit viscosity passing through a unit cross section of a medium in unit time under the action of a unit pressure...