Borsa İstanbul Finance & Economics Conference (BIFEC) 2013
|
|
|
- Barry Lawrence
- 7 years ago
- Views:
Transcription
1 Borsa İstanbul Finance & Economics Conference (BIFEC) 2013 Policy Issues and Challenges in the Global Financial System and Economies Day 1 Monday, September 30, 2013 Final Agenda Registration and Continental Breakfast Bell Ringing Ceremony for BIFEC Welcoming Remarks İbrahim M. TURHAN, Ph.D. (Borsa İstanbul, Chairman & CEO) Opening Panel: Redesigning Capital Markets in Post Global Crisis Era Room: Hall 1- Conference Hall Chair: İbrahim M. TURHAN, Ph.D. (Borsa İstanbul, Chairman & CEO) Panelists: Andrey SHEMETOV (Moscow Exchange, Deputy Chairman) Ivan TAKEV (Bulgarian Stock Exchange, CEO) Michael BUHL (Vienna Stock Exchange, Joint CEO) Paweł GRANIEWSKI (Warsaw Stock Exchange, Vice President of the Management Board & CBDO) Lunch Session 1a: Residential and Commercial Real Estate Market Room: Hall 1- Conference Hall Chair: Yıldıray YILDIRIM Auction versus Negotiated Sale: Evidence from Real Estate Sales (Abdullah YAVAS; University of Wisconsin-Madison) Self-Assessed House Prices (Morris A. DAVIS; University of Wisconsin-Madison) Counterparty Risk and Capital Structure (Brent W. AMBROSE; Pennsylvania State University) Session 1b: Investment Allocation and Strategies Room: Hall 2- FEAS Meeting Room Chair: Koray ŞİMŞEK Predicting Stock Returns with the Single Index Model (Theodore MOORMAN; Baylor University) The Determinants of Bilateral Cross-Border Bond and Equity Flows: A Sectoral Analysis
2 (Faruk BALLI; Massey University) Dynamic Relationship Between Precious Metals (Ahmet ŞENSOY; Borsa İstanbul) Optimal Redemption Policies for Illiquid Investments (Cenk C. KARAHAN, Boğaziçi University) Session 1c: Behavioral Aspects of Investment Chair: Ahmet DURAN What Factors Affect Behavioral Biases?: Evidence From Turkish Individual Stock Investors (Bulent TEKCE; Boğaziçi University) Sport Event Sentiment and Turkish Market Return (Ender DEMIR; İstanbul Medeniyet University) Event Study Methodology for Borsa Istanbul (Adil ORAN; METU) Risk Choices of Portfolio Managers in an Emerging Market Economy (Belma ÖZTÜRKKAL; Kadir Has University) Session 2a: Empirical Asset Pricing Anomalies Chair: Fernando ZAPATERO Playing Favorites: How Firms Prevent the Revelation of Bad News (Dong LOU; London School of Economics and CEPR) In Search of Fundamentals (Zhi DA; University of Notre Dame) A Project-Level Analysis of Value Creation in Firms (Umit GURUN; University of Texas at Dallas) Policy Uncertainty and Corporate Investment (Huseyin GULEN; Purdue University) Session 2b: Financial Management of Institutions and Corporations Chair: Güler ARAS Can Institutional Investors Cherry-pick Hot IPOs? (Ufuk GÜÇBİLMEZ; University of Edinburgh Business School) Managerial Accommodation, Proxy Access, and the Cost of Shareholder Empowerment (Oğuzhan ÖZBAŞ; University of Southern California) Measuring Takeover Premiums in Cross-Border M&As: Insights From Turkey (Şerif ŞİMŞİR; Sabancı University) Short-term Wealth Effects of Mergers and Acquisitions: Evidence from Emerging Markets (Evren ARIK; Borsa İstanbul)
3 Session 2c: Financial Markets and Economic Growth Chair: Fuat ERDAL Does Innovation Strategy Matter in Capital Structure Decisions? A Study in Indonesian Manufacturing Firms (Fitri SANTI; Gadjah Mada University) Does Too Much Finance Good or More Harm for Economic Growth? (Siong Hook LAW; University Putra Malaysia) How Local is the Local Risk (Emrah ŞENER; Ozyegin University) Assembling International Equity Data Sets - Evidence from the Studies on the Cross-section of Returns (Antonina WASZCZUK; Europa Universität Viadrina) Coffee Break Session 3a: Two Continents: Conventional and Islamic Finance Chair: Mehmet ASUTAY Can an Interest-Free Credit Facility Be More Efficient Than a Usurious Payday Loan? (M. Shahid EBRAHIM; Bangor University) Default and Prepayment Modeling in Participating Mortgages (Yusuf VARLI; Borsa İstanbul) Developing Sukuk Market for Sustainable Market (Zamir IQBAL; World Bank) Are Islamic Bonds Different from Conventional Bonds? International Evidence from Capital Market Tests (Kabir HASSAN; University of New Orleans) Causal Link Between Islamic and Conventional Banking: Evidence from Turkish Banking Sector (Serkan YÜKSEL; Borsa İstanbul) Session 3b: Market Structure Issues in Liquidity Chair: Dong LOU Wash Sales as a Stock Market Manipulation Tool (Bedri TAŞ; TOBB University) Determinants of Capital Structure: Evidence from a Dynamic Emerging Market Economy (Bülent KÖKSAL; İpek University) Stock Market Reaction To Exchange Rate Regime Choices and Exchange Rates Stress: Evidence From Selected European Markets (Nasib NABULSI; Hanken School of Economics) Do International Equity Investors Rebalance (Numan ÜLKÜ; AUBG)
4 Day 2 Tuesday, 1 October Session 4a: Behavioral Biases in Finance Chair: Ahmet Faruk AYSAN Strategic Announcements by Star Analysts (Fernando ZAPATERO; University of Southern California) Trading Puzzle, Puzzling Trade (Orhan ERDEM; Borsa İstanbul) Over-correlated Markets and Consecutive Overreactions (Ahmet DURAN; İstanbul Technical University) Can You Teach Someone to be Financially Capable? A Meta-Analysis of the Literature (Margaret MILLER; The World Bank) Session 4b: Empirical Methods in Financial Market Dynamics Chair: Ege YAZGAN The Effect of Investors' Confidence on Monetary Policy- Economic Growth Relationship: A Multivariate GARCH Approach (Chiara GUERELLO; University of Genoa) Benchmarking the Performance of Some Computational Intelligence Methods for the Prediction of Entering Insolvency in Case of Romanian Businesses during the Financial Crisis (Vasile GEORGESCU; University of Craiova) Mitigating Turkey's Trilemma Tradeoffs (Yasin AKÇELİK; Central Bank of the Republic of Turkey) Rent versus Own Decision in the Cross Section of Expected Stock Returns (Figen Güneş DOĞAN; Bilkent University) The Linkage between Foreign Bank Penetration and Host Country Risks: The Case of Turkey (Derviş KIRIKKALELİ, University of Stirling) Session 4c: Issues on Trading and Volatility Chair: Ali COŞKUN Intraday Stealth Trading and Volatility the Evidence from the Warsaw Stock Exchange (Barbara B. SOJKA; Poznan University of Economics) Agency and Transparency in Financial Markets (Sadettin ÇİTÇİ; Gebze Institute of Technology) What Explains the Recourse of US Commercial Banks to Securitization? (Nesrine BEN SALAH; Sousse University) Changing Dynamics of Corporate Debt in India (Tulsi LINGAREDDY; Clearing Corporation of India Ltd) Coffee Break
5 Session 5a: Financial Stability and Growth Chair: Murat YÜLEK Presenters: Fiscal Responsibility and US Government Reaction to Debt Accumulation: A Time Varying Approach (Merih UÇTUM; City University of New York Graduate Center) Financial Stability and Monetary Policy - The Case of Brazil (Benjamin M. TABAK; Central Bank of Brazil) Finance and Growth: For Whom? (Tatiana D. BRANDAO; World Bank) Effects of Inflation Dynamics on Business Cycles (S. Hilmi KAL; Central Bank of Republic of Turkey) Session 5b: Quantitative Approaches in Finance Chair: Cenk KARAHAN Efficiency and Competitiveness in Turkish Banking (Canan YILDIRIM; Kadir Has University) Optimal Hedging Coefficient Modeling Using Interday and Intraday Distribution Dissimilarity (Igor SIROTKIN; National Research University Higher School of Economics) Market Expectations of the Short Rate and the Term Structure of Interest Rates: A New Perspective from the Classic Model (Xiaoxia YE; National University of Singapore) Comovement and Polarization of Interest Rate and Stock Market in Turkey (Ahmet DURAN; Istanbul Technical University) Session 5c: Financial Markets and Institutions Chair: Murat MAZIBAŞ What Explains the BIST Spread? Evidence from Conventional and Unconventional Policy Episodes in Turkey (Anil TALASLI; Central Bank of the Republic of Turkey) Financial Intermediaries, Credit Shocks and Business Cycles (Yasin MİMİR; CBRT İstanbul School of Central Banking) Interaction between Single Stock Futures and the Underlying Securities: A Cross Country Analysis (Elif MUTLU; Borsa İstanbul) The Effects of Demographic Changes on the Long Term Housing Demand in Turkey (Birol KANIK; CBRT İstanbul School of Central Banking)
6 Lunch Plenary Talk: How Much Mathematics Do We Need in Finance? Mete SONER Session 6a: Interactions of the MENA Stock Markets in a Global Economy: Bi-Directional Influences (MEEA Session) Chair: Hassan ALY Impact of Global Shocks and Volatility on Herd Behavior in an Emerging Market: Evidence from Borsa Istanbul (Rıza DEMIRER; Southern Illinois University Edwardsville) Relative Roles of Volatility and Global Factors in Affecting Herding Behavior of the GCC Equity Markets (Shawkat HAMMOUDEH; Drexel University) Transparency and Financial Volatility: Some Theoretical Consideration with Application to the MENA Region (Hamid MOHTADI; University of Wisconsin-Milwaukee) Session 6b: Asset Pricing Anomalies in Financial Markets Chair: Emrah ŞENER The Equity Premium in a DSGE Model with Limited Asset Market Participation (Lorenzo MENNA; University of Milan-Bicocca) Ambiguity, News and Asymmetric Correlations (Said Mehmet OZSOY; Ozyegin University) Only When the Tide Goes Out: Downside Returns and Hedge Fund Performance (Ashley WANG; Board of Governors of the Federal Reserve) Global Financial Factors Driving Daily Changes In Sovereign Credit Default Swaps (Alper BAKDUR; Bilkent University) Session 6c: Thinking Over the Hedging Strategies Chair: Muammer ÇAKIR Hedging Strategy for Electricity Market Price Volatility: The Case of Turkish Electricity Market (Sezer B. KAHYAOĞLU; Grant Thornton Turkey) Hedging And Speculation In Energy Derivatives (Derya ÖZTÜRK; Central Bank of the Republic of Turkey) A Dynamic Kalman Filter Approach To Detect The Futures and Spot Markets Relation (Hasan ERTUĞRUL; Undersecretariat of Turkish Treasury) Price Behavior around Share Buyback in the Indian Equity Market (Chanchal CHATTERJEE; IMI-Kolkata)
7 Coffee Break Session 7a: A Closer Look to the Financial Crisis Chair: Merih UÇTUM Anticipating the Financial Crisis: Evidence from Insider Trading in Banks (Ozlem AKIN; Ozyegin University) Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis (Mahir BINICI; Central Bank of the Republic of Turkey) Network Formation in the Euro Interbank Market: A Longitudinal Analysis of The Turmoil (Paolo ZAGAGLIA; Universita' di Bologna) Financial Innovation and Fragility (Fabian KUEHNHAUSEN; Ludwig Maximilian University of Munich) Session 7b: Effects of Monetary Policy on Financial Markets Chair: Ali KUTAN Robust Monetary Policy in an Uncertain Environment: The Case of Central Bank of Tunisia (Ramzi DRISSI; Carthage University) Effects of Additional Monetary Tightening on Exchange Rates (Arif ODUNCU; Central Bank of the Republic of Turkey) Monetary Policy Misperception and the Risk-taking Channel (Michael ZABEL; University of Munich) Business Cycle, Market Power and Bank Behaviour in Emerging Countries (Zied SAADAOUI University of Sfax) Session 7c: Financial Literacy and Payment Systems Chair: Orhan ERDEM Financial Illiteracy: Overconfidence and Consequences (Rasim MUTLU; Borsa İstanbul) Financial Literacy and Credit Card Arrears (Güzin Gülsün AKIN; Boğaziçi University) Anatomy of Formal and Informal Regulations for Payment Services: Evidence From Turkey (Levent YILDIRAN; Boğaziçi University) Credit Card Satisfaction and Financial Literacy: Evidence from an Emerging Market Economy (Ahmet Faruk AYSAN; Central Bank of the Republic of Turkey)
Borsa İstanbul Finance & Economics Conference (BIFEC) 2013
Borsa İstanbul Finance & Economics Conference (BIFEC) 2013 Policy Issues and Challenges in the Global Financial System and Economies Day 1 Monday, September 30, 2013 Final Agenda www.bifec.com 08.00-09.15
ASYA KATILIM BANKASI A.Ş LIST OF HAVING ACCESS TO INTERNAL INFORMATION
1 Mehmet Ali İSLAMOĞLU Chairman of the Board of Directors 03.02.2015 2 Aydın GÜNDOĞDU Board Member - President&CEO 03.02.2015 3 Mehmet Ali GÖKÇE Board Member 03.02.2015 4 Bedri SAYIN Board Member 03.02.2015
ALEXANDER DAVID. 2500 University Drive NW Calgary, Alberta, Canada T2N 1N4 Phone: (403) 220-6987, Fax: (403) 210-3327 E. Mail: adavid@ucalgary.
ADDRESS Haskayne School of Business University of Calgary 2500 University Drive NW Calgary, Alberta, Canada T2N 1N4 Phone: (403) 220-6987, Fax: (403) 210-3327 E. Mail: adavid@ucalgary.ca DEGREES PhD Economics,
EXCHANGE INSIGHTS: Dr Ibrahim Turhan Chairman & CEO Borsa Istanbul
EXCHANGE INSIGHTS: Dr Ibrahim Turhan Chairman & CEO Borsa Istanbul February 2015 Federation of Euro-Asian Stock Exchanges (FEAS); Board Member Member of the World Economic Forum s Global Agenda Council
PHD PROGRAM IN FINANCE COURSE PROGRAMME AND COURSE CONTENTS
PHD PROGRAM IN FINANCE COURSE PROGRAMME AND COURSE CONTENTS I. Semester II. Semester FINC 601 Corporate Finance 8 FINC 602 Asset Pricing 8 FINC 603 Quantitative Methods in Finance 8 FINC 670 Seminar 4
C O N F E R E N C E P R O G R A M M E
C O N F E R E N C E P R O G R A M M E İ s t a n b u l B i l g i U n i v e r s i t y S a n t r a l C a m p u s ( E1 B u i l d i n g ) Selected papers presented in the conference will be considered for publication
Belma ÖZTÜRKKAL APPOINTMENTS. Academic. Professional. Belma Ozturkkal, April 2016
Belma ÖZTÜRKKAL Associate Professor of Finance by the Council of University, Turkey (UAK) Phone: + 90 212 533 6532-1603 E-mail:belma.ozturkkal@khas.edu.tr APPOINTMENTS Academic Assistant Professor, Department
Neslihan YILMAZ. Department on Management Phone: +90 (212) 359 65 11 Boğaziçi University Fax: +90 (212) 287 78 51
Neslihan YILMAZ Department on Management Phone: +90 (212) 359 65 11 Boğaziçi University Fax: +90 (212) 287 78 51 Bebek Istanbul 34342 neslihan.yilmaz@boun.edu.tr Academic Appointment Bogazici University,
The Master of Science in Finance (English Program) - MSF. Department of Banking and Finance. Chulalongkorn Business School. Chulalongkorn University
The Master of Science in Finance (English Program) - MSF Department of Banking and Finance Chulalongkorn Business School Chulalongkorn University Overview of Program Structure Full Time Program: 1 Year
GÜZİN GÜLSÜN AKIN (Née Arıkan)
GÜZİN GÜLSÜN AKIN (Née Arıkan) Economics Department Boğaziçi University 80815 Bebek, İstanbul Ph: +90 212 359 7654 Fax: +90 212 287 2453 gulsun.akin@boun.edu.tr Education Ph.D. in Economics, December 2004
(Part.1) FOUNDATIONS OF RISK MANAGEMENT
(Part.1) FOUNDATIONS OF RISK MANAGEMENT 1 : Risk Taking: A Corporate Governance Perspective Delineating Efficient Portfolios 2: The Standard Capital Asset Pricing Model 1 : Risk : A Helicopter View 2:
8th IMF Public Debt Managers Forum July 14-15, 2008 Warsaw, Poland. Agenda. July 13, 2008. July 14, 2008 Day 1 Market Developments and Prospects
6 p.m. 7.30 p.m. Welcome reception Agenda July 13, 2008 July 14, 2008 Day 1 Market Developments and Prospects 8.15 a.m.-8.45 a.m. Registration 8.45 a.m. 9.15 a.m. Welcome remarks by Mr. Murilo Portugal
Finance. Undergraduate Program of Study. Graduate Program of Study. Courses. Certificate in Risk Management and Insurance. Doctor of Philosophy
University of Iowa 2015-16 General Catalog 1 Finance Chair Erik Lie Undergraduate major: finance (B.B.A.) Graduate degree: finance subprogram for the Ph.D. in business administration Faculty: http://tippie.uiowa.edu/finance/faculty.cfm
Reserve Option Mechanism: Does it Work as an Automatic Stabilizer?
WORKING PAPER NO: 14/38 Reserve Option Mechanism: Does it Work as an Automatic Stabilizer? October 2014 Oğuz ASLANER Uğur ÇIPLAK Hakan KARA Doruk KÜÇÜKSARAÇ Central Bank of the Republic of Turkey 2014
Liquidity and the Development of Robust Corporate Bond Markets
Liquidity and the Development of Robust Corporate Bond Markets Marti G. Subrahmanyam Stern School of Business New York University For presentation at the CAMRI Executive Roundtable Luncheon Talk National
Public debt management and open market operations in Brazil
Public debt management and open market operations in Brazil Luiz Fernando Figueiredo, Pedro Fachada and Sérgio Goldenstein 1 1. Public debt management An inflation targeting regime was introduced in Brazil
Is Islamic Finance a Catalyst for Inclusive Growth & Sustainable Development?
Key Messages from the World Bank INCEIF seminar: Is Islamic Finance a Catalyst for Inclusive Growth & Sustainable Development? April 18, 2013 Washington, D.C. H.E. Mr. Ali Babacan, Deputy Prime Minister
SMALL BUSINESS CAPITAL FORMATION
SMALL BUSINESS CAPITAL FORMATION October 16-17, 2012 Istanbul, Turkey Co-organized and co-sponsored by: CAPITAL MARKETS BOARD OF TURKEY UNITED STATES SECURITIES AND EXCHANGE COMMISSION Held At: Point Hotel
Keynote Speech, EIB/IMF Meeting, 23 October, Brussels
Keynote Speech, EIB/IMF Meeting, 23 October, Brussels Governor Carlos Costa Six years since the onset of the financial crisis in 2008, output levels in the EU are below those observed before the crisis.
René Garcia Professor of finance
Liquidity Risk: What is it? How to Measure it? René Garcia Professor of finance EDHEC Business School, CIRANO Cirano, Montreal, January 7, 2009 The financial and economic environment We are living through
Financial Markets of Emerging Economies Part I: Do Foreign Investors Contribute to their Volatility? Part II: Is there Contagion from Mature Markets?
1 Financial Markets of Emerging Economies Part I: Do Foreign Investors Contribute to their Volatility? Part II: Is there Contagion from Mature Markets? Martin T. Bohl Westfälische Wilhelms-University Münster,
Finance and Economics Course Descriptions
Finance and Economics Course Descriptions Finance Course Descriptions FIN 250 Financial Management This course addresses the theory and practice of financial management and the role of the Financial Manager.
Pioneer Funds. Supplement to the Summary Prospectuses, as in effect and as may be amended from time to time, for: May 1, 2015
Pioneer Funds May 1, 2015 Supplement to the Summary Prospectuses, as in effect and as may be amended from time to time, for: Fund Pioneer Absolute Return Bond Fund Pioneer AMT-Free Municipal Fund Pioneer
Introduction to Fixed Income (IFI) Course Syllabus
Introduction to Fixed Income (IFI) Course Syllabus 1. Fixed income markets 1.1 Understand the function of fixed income markets 1.2 Know the main fixed income market products: Loans Bonds Money market instruments
MSc Finance and Economics detailed module information
MSc Finance and Economics detailed module information Example timetable Please note that information regarding modules is subject to change. TERM 1 TERM 2 TERM 3 INDUCTION WEEK EXAM PERIOD Week 1 EXAM
Volume 8: January March 2014
BIST TRENDS REPORT by TUYID TURKISH INVESTOR RELATIONS SOCIETY & MKK CENTRAL REGISTRY AGENCY Volume 8: January March 2014 April 16, 2014 1 / 18 April 16, 2014 Dear Readers, We proudly present Volume VIII
FINANCE Section 61.70
Section 61.70 Faculty Professor and Chair of the Department ABRAHAM BRODT, PhD New York University Professors ALAN HOCHSTEIN, PhD McGill University ARVIND JAIN, PhD University of Michigan LAWRENCE KRYZANOWSKI,
Course Syllabus For Banking and Financial Management Department
For Banking and Financial Management Department School Year First Year First year Second year Third year Fifth year Fifth year Fifth year Fifth year Name of course Financial Accounting principles Intermediate
Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima
Whether you seek to BROADEN, DEEPEN, OR SIMPLY REFRESH YOUR SKILLS, Consider F nultima F nultima Our trainers have successfully delivered training programmes for some of the top global organizations (
STRATEGY Rīgā. Central Government Debt Management Strategy
Treasury of the Republic of Latvia Smilšu iela 1, Rīga, LV-1919, Latvia, phone +371 67094222, fax +371 67094220, e-mail kase@kase.gov.lv, www.kase.gov.lv STRATEGY Rīgā APPROVED BY Minister of Finance J.Reirs
BRUNEL UNIVERSITY Economics and Finance EC1004 LECTURE 10. Issues in commercial bank risk management. Reading: Madura Chapter 19
BRUNEL UNIVERSITY Economics and Finance EC1004 LECTURE 10 Issues in commercial bank risk management Reading: Madura Chapter 19 We are going to discuss the overall nature of risk control in banks and related
INVESTMENT DICTIONARY
INVESTMENT DICTIONARY Annual Report An annual report is a document that offers information about the company s activities and operations and contains financial details, cash flow statement, profit and
OCTOBER 2014. Turkey Brokerage Industry 2014 SEMIANNUAL REVIEW
OCTOBER 2014 Turkey Brokerage Industry 2014 SEMIANNUAL REVIEW TURKISH BROKERAGE INDUSTRY 2014 SEMIANNUAL REVIEW Edited by Alparslan Budak Ekin Fıkırkoca-Asena Written by Gökben Altaş Serhat Tahsin İşler
Figure C Supervisory risk assessment for insurance and pension funds expected future development
5. Risk assessment This chapter aims to asses those risks which were identified in the first chapter and further elaborated in the next parts on insurance, reinsurance and occupational pensions. 5.1. Qualitative
Islamic Finance Update. Eser ŞAGAR Capital Markets Board of Turkey
Islamic Finance Update Eser ŞAGAR Capital Markets Board of Turkey Developments in Islamic Finance - I Breakdown of Islamic Finance Assets Sukuk 7% Islamic Funds 6% 2003 Takaful 0% Islamic Funds 4% 2012
Chart I.1. Difference between Primary Surplus (PS) and Bond Yield Spreads in Selected EU 1 Countries
LIST OF CHARTS Chart I.1. Difference between Primary Surplus (PS) and Bond Yield Spreads in Selected EU 1 Countries Chart I.2. Gross Debt Stock and Budget Deficits of Selected Countries as of 2010 1 Chart
Pioneer Multi-Asset Ultrashort Income Fund
Pioneer Multi-Asset Ultrashort Income Fund A diversified, investment grade-focused approach to floating rate investing MAFRX INVESTOR GUIDE Pioneer Multi- Asset Ultrashort Income Fund* Share Class A C
Lecture 10: International banking
Lecture 10: International banking The sessions so far have focused on banking in a domestic context. In this lecture we are going to look at the issues which arise from the internationalisation of banking,
Baylor Endowment 2012 Overview
Baylor Endowment 2012 Overview Executive Summary Baylor University s Endowment has grown to approximately $1 billion in size, and is consistently providing over $50 million a year to fund scholarships,
Proposal to Allow Treasury to Buy Mortgage- Related Assets to Address Financial Instability
Order Code RS22957 September 22, 2008 Proposal to Allow Treasury to Buy Mortgage- Related Assets to Address Financial Instability Summary Edward V. Murphy Analyst in Financial Economics Government and
MSc Finance LM550 (REVAMPED)
MSc Finance LM550 (REVAMPED) 1. Objectives The objectives of this 2-year part-time programme are two-fold: first to provide you with a strong foundation in both the theoretical principles and practice
Zurich, 13 December 2007. Introductory remarks by Philipp Hildebrand
abcdefg News conference Zurich, 13 December 2007 Introductory remarks by Philipp Hildebrand Six months ago, when our Financial Stability Report was published, I stated that "the global financial system
TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP. Supplement to the Currently Effective Prospectus and Summary Prospectus
TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP Supplement to the Currently Effective Prospectus and Summary Prospectus * * * The following replaces in their entirety the
FINANCE AND BUSINESS ECONOMICS. Elective Course Guide for Marshall Graduate Students. October 2013
FINANCE AND BUSINESS ECONOMICS Elective Course Guide for Marshall Graduate Students 2014 October 2013 1 FINANCE AND BUSINESS ECONOMICS DEPARTMENT GRADUATE ELECTIVES 2014 Marshall graduate students are
Impact of the International Financial Crisis on MENA Capital Markets
Impact of the International Financial Crisis on MENA Capital Markets Forum on the Current International Financial Crisis: Implications and Lessons for Arab Region Beirut, Lebanon December 2-3, 2008 Auguste
The Bond Fund of America
The Bond Fund of America Summary prospectus March 1, 2015 Class A B C F-1 F-2 529-A 529-B 529-C 529-E ABNDX BFABX BFACX BFAFX ABNFX CFAAX CFABX CFACX CFAEX 529-F-1 R-1 R-2 R-2E R-3 R-4 R-5 R-6 CFAFX RBFAX
A. Introduction. 1. Motivation
A. Introduction 1. Motivation One issue for currency areas such as the European Monetary Union (EMU) is that not necessarily one size fits all, i.e. the interest rate setting of the central bank cannot
The Credit Analysis Process: From In-Depth Company Research to Selecting the Right Instrument
Featured Solution May 2015 Your Global Investment Authority The Credit Analysis Process: From In-Depth Company Research to Selecting the Right Instrument In today s low yield environment, an active investment
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş.
HÜRRİYET GAZETECİLİK VE MATBAACILIK A.Ş. BOARD OF DIRECTORS QUARTERLY REPORT FOR THE PERIOD ENDING www.hurriyetkurumsal.com Contents A. Information related to Hürriyet Gazetecilik ve Matbaacılık A.Ş...2
Brief Introduction Document
Brief Introduction Document Istanbul, 2012 UME GLOBAL is a trusted partner to local and international institutions for corporate finance and PE advisory services Brief Background 70+ years of cumulative
Introduction to Equity Derivatives
Introduction to Equity Derivatives Aaron Brask + 44 (0)20 7773 5487 Internal use only Equity derivatives overview Products Clients Client strategies Barclays Capital 2 Equity derivatives products Equity
Web. Chapter FINANCIAL INSTITUTIONS AND MARKETS
FINANCIAL INSTITUTIONS AND MARKETS T Chapter Summary Chapter Web he Web Chapter provides an overview of the various financial institutions and markets that serve managers of firms and investors who invest
MainStay VP Janus Balanced Portfolio
Summary Prospectus May 1, 2015 MainStay VP Janus Balanced Portfolio To Statutory Prospectus To Statement of Additional Information Before you invest, you may want to review the Portfolio's Prospectus,
PIONEER ADVISORY: Pioneer Absolute Return Credit Fund Name Change
May 2013 PIONEER ADVISORY: Pioneer Absolute Return Credit Fund Name Change Effective June 17, 2013, the Fund s name will change to Pioneer Dynamic Credit Fund. It should be noted that the Fund s portfolio
Research Interest Real estate, prepayment modeling and valuation of MBS, leasing, securitization, inflation modeling, and credit risk.
Yildiray Yildirim 137 East 22nd Street phone: (646) 660-6930 Zicklin School of Business email: Yildiray.Yildirim@baruch.cuny.edu Baruch College, CUNY, New York, NY 10010 web: yildiray-yildirim.com November
Monetary Policy in the Post Crisis Period: The Turkish Perspective
Monetary Policy in the Post Crisis Period: The Turkish Perspective Hakan Kara Economic Research Forum Conference İstanbul April 19, 2013 Outline 1. Motivation of the New Policy Framework 2. New Instruments
Chapter 16: Financial Risk Management
Chapter 16: Financial Risk Management Introduction Overview of Financial Risk Management in Treasury Interest Rate Risk Foreign Exchange (FX) Risk Commodity Price Risk Managing Financial Risk The Benefits
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
ECON 4110: Sample Exam Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Economists define risk as A) the difference between the return on common
Thanh Ngo, Ph.D. Assistant Professor. Department of Finance East Carolina University Email: ngot@ecu.edu. East Carolina University
Thanh Ngo, Ph.D. Associate Professor Department of Finance East Carolina University Email: ngot@ecu.edu EMPLOYMENT August 2014 Present August 2008 August 2014 August 2007 August 2008: Associate Professor
Volume 9: January June 2014
BIST TRENDS REPORT by TUYID TURKISH INVESTOR RELATIONS SOCIETY & MKK CENTRAL REGISTRY AGENCY Volume 9: January June July 11, 1 / 19 July 11, Dear Readers, We proudly present Volume IX of Borsa Istanbul
Richard Rosen. Economic Research Department Federal Reserve Bank of Chicago (312) 322-6368 230 S. La Salle Street FAX: (312) 294-6262
Richard Rosen Economic Research Department Federal Reserve Bank of Chicago (312) 322-6368 230 S. La Salle Street FAX: (312) 294-6262 Chicago, IL 60604-1413 Email: rrosen@frbchi.org Employment history:
RMB Internationalization and RMB Offshore Markets Development
RMB Internationalization and RMB Offshore Markets Development Dr. Qin Xiao Former Chairman, China Merchants Group and China Merchants Bank Council Member, Hong Kong Financial Services Development Council
1 Regional Bank Regional banks specialize in consumer and commercial products within one region of a country, such as a state or within a group of states. A regional bank is smaller than a bank that operates
Industry-leading Credit Risk Solutions
Industry-leading Credit Risk Solutions About Us Fitch Solutions provides a range of industry-leading products and professional development services to the global financial community. In addition to offering
Re: Notice and Request for Comments - Determinations of Foreign Exchange Swaps and Forwards (75 Fed. Reg. 66829)
ISDA International Swaps and Derivatives Association, Inc. 360 Madison Avenue, 16th Floor New York, NY 10017 United States of America Telephone: 1 (212) 901-6000 Facsimile: 1 (212) 901-6001 email: isda@isda.org
Real Estate as a Strategic Asset Class. Less is More: Private Equity Investments` Benefits. How to Invest in Real Estate?
Real Estate as a Strategic Asset Class The Benefits of Illiquid Investments Real estate, a key asset class in a portfolio, can offer stable income returns, partial protection against inflation, and good
Taxable Fixed Income. Invesco Floating Rate Fund (AFRAX)
Taxable Fixed Income Invesco Floating Rate Fund (AFRAX) Senior Secured Loans A unique asset class Floating rate funds, also called senior loan funds, invest in senior secured loans. The loans have very
An Alternative Way to Diversify an Income Strategy
Senior Secured Loans An Alternative Way to Diversify an Income Strategy Alternative Thinking Series There is no shortage of uncertainty and risk facing today s investor. From high unemployment and depressed
Investment Research and Herding in Emerging Stock Markets
Rıza Demirer Department of Economics & Finance Southern Illinois University Edwardsville Alumni Hall 3144 Edwardsville, IL 62026 1102 Voice: (618) 650 2939 Fax: (618) 650 3047 E-mail: rdemire@siue.edu
Seix Total Return Bond Fund
Summary Prospectus Seix Total Return Bond Fund AUGUST 1, 2015 (AS REVISED FEBRUARY 1, 2016) Class / Ticker Symbol A / CBPSX R / SCBLX I / SAMFX IS / SAMZX Before you invest, you may want to review the
Investing 200: Behind the scenes on Western s two largest funds
Investing 200: Behind the scenes on Western s two largest funds Martin Bélanger Director, Investments November 20, 2015 Human Resources Disclaimer This presentation material was created to educate and
HIDDEN RISKS AND OPPORTUNITIES NAREIM - DALLAS CHRIS MACKE GLOBAL RESEARCH AND CONSULTING
HIDDEN RISKS AND OPPORTUNITIES NAREIM - DALLAS CHRIS MACKE GLOBAL RESEARCH AND CONSULTING Question 1 Where are we in the commercial real estate cycle? Property Fundamentals & Pricing: Much like the temperature
Market Risk Capital Disclosures Report. For the Quarter Ended March 31, 2013
MARKET RISK CAPITAL DISCLOSURES REPORT For the quarter ended March 31, 2013 Table of Contents Section Page 1 Morgan Stanley... 1 2 Risk-based Capital Guidelines: Market Risk... 1 3 Market Risk... 1 3.1
Bank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond
4 October 2011 Bank of America Merrill Lynch Banking & Insurance CEO Conference Bob Diamond Thank you and good morning. It s a pleasure to be here and I d like to thank our hosts for the opportunity to
How a thoughtful FX strategy can give Fund Managers a competitive edge
How a thoughtful FX strategy can give Fund Managers a competitive edge Executive summary Each alternative investment fund takes a different approach to its investment strategy, but the ultimate goals are
Mortgage and Asset Backed Securities Investment Strategy
Mortgage and Asset Backed Securities Investment Strategy Traditional fixed income has enjoyed an environment of falling interest rates over the past 30 years. Average of 10 & 30 Year Treasury Yields (1981
P.O Box: 2152 Safat, Kuwait www.dimah.com.kw
T +965 1844 000 +965 2295 5700 F +965 2241 4270 E info@dimah.com.kw P.O Box: 2152 Safat, Kuwait www.dimah.com.kw Khaled Bin Al Waleed St Al Dhow Tower, Floor 26-27 Contents. Dimah Capital. Our Mission.
The Equity Premium in India
The Equity Premium in India Rajnish Mehra University of California, Santa Barbara and National Bureau of Economic Research January 06 Prepared for the Oxford Companion to Economics in India edited by Kaushik
Is Gold a Safe Haven Against Equity Market Investment in Emerging and Developing Countries?
WORKING PAPER NO: 14/22 Is Gold a Safe Haven Against Equity Market Investment in Emerging and Developing Countries? July 2014 Gözde GÜRGÜN İbrahim ÜNALMIŞ Central Bank of the Republic of Turkey 2014 Address:
Philipp Karl ILLEDITSCH Updated: July 28, 2015
Department of Finance Phone: 215.898.3477 The Wharton School Fax: 215.898.6200 University of Pennsylvania Email: pille@wharton.upenn.edu 3620 Locust Walk, 2426 SH-DH Web: www.wharton.upenn.edu/faculty/illeditsch.html
FORUM İSTANBUL 2012 LIVING IN CRISIS OR OVERCOMING THE CRISIS? RE-DESIGNING TURKEY S SUSTAINABLE GROWTH STRATEGY. Towards the second 10-Year
FORUM İSTANBUL 2012 Towards the second 10-Year LIVING IN CRISIS OR OVERCOMING THE CRISIS? RE-DESIGNING TURKEY S SUSTAINABLE GROWTH STRATEGY April 26 27, 2012 Swissotel the Bosphorus, İstanbul APRIL 26,
Letter from the President
Letter from the President 1 FEDERAL RESERVE BANK OF NEW YORK 2013 ANNUAL REPORT LETTER FROM THE PRESIDENT The year 2013 marked the centennial of the Federal Reserve System. During the year, the Federal
Masters in Financial Economics (MFE)
Masters in Financial Economics (MFE) Admission Requirements Candidates must submit the following to the Office of Admissions and Registration: 1. Official Transcripts of previous academic record 2. Two
1 October 2015. Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada s Balance Sheet
1 October 2015 Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada s Balance Sheet Table of Contents 1. Purpose of Policy 2. Objectives of Holding Financial
2013 GSAM Insurance Survey & Industry Investment Trends
Global Insurance Asset Management AASCIF Annual Workshop Fall 23 23 GSAM Insurance Survey & Industry Investment Trends Michael Siegel, PhD Global Head of GSAM Insurance Asset Management September 3, 23
Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP)
Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP) Strategy descriptions are effective December 12, 2014, unless otherwise noted. U.S. Large Companies Fund The fund invests
FINANCIALISATION AND EXCHANGE RATE DYNAMICS IN SMALL OPEN ECONOMIES. Hamid Raza PhD Student, Economics University of Limerick Ireland
FINANCIALISATION AND EXCHANGE RATE DYNAMICS IN SMALL OPEN ECONOMIES Hamid Raza PhD Student, Economics University of Limerick Ireland Financialisation Financialisation as a broad concept refers to: a) an
STEWARD FUNDS MANAGING WEALTH, PROTECTING VALUES SOCIALLY RESPONSIBLE SCREENED FUNDS. PROSPECTUS August 28, 2015
STEWARD FUNDS MANAGING WEALTH, PROTECTING VALUES SOCIALLY RESPONSIBLE SCREENED FUNDS Steward Large Cap Enhanced Index Fund Individual Class SEEKX Institutional Class SEECX Steward Small-Mid Cap Enhanced
Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016.
NUVEEN INTELLIGENT RISK CONSERVATIVE ALLOCATION FUND SUPPLEMENT DATED APRIL 18, 2016 TO THE SUMMARY PROSPECTUS DATED DECEMBER 31, 2015 Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated
Eighth UNCTAD Debt Management Conference
Eighth UNCTAD Debt Management Conference Geneva, 14-16 November 2011 Debt Resolution Mechanisms: Should there be a Statutory Mechanism for Resolving Debt Crises? by Mr. Hakan Tokaç Deputy Director General
SELECTION ANNOUNCEMENT FOR THE 2010-2011 ACADEMIC YEAR JEAN MONNET SCHOLARSHIP PROGRAMME
REPUBLIC OF TURKEY SECRETARIAT GENERAL FOR EU AFFAIRS, REPUBLIC OF TURKEY CENTRAL FINANCE AND CONTRACTS UNIT, DELEGATION OF THE EUROPEAN UNION TO TURKEY SELECTION ANNOUNCEMENT FOR THE 2010-2011 ACADEMIC
Pengjie Gao. Department of Finance Tel: (574) 631-8048 Mendoza College of Business
Pengjie Gao August 2014 Department of Finance Tel: (574) 631-8048 Mendoza College of Business University of Notre Dame E-mail: pgao@nd.edu Notre Dame, IN 46556 Web: http://www.nd.edu/~pgao/ EDUCATION Kellogg
Volume XV: January December 2015
BIST TRENDS REPORT By TUYID TURKISH INVESTOR RELATIONS SOCIETY & MKK CENTRAL REGISTRY AGENCY Volume XV: January December 2015 January 15, 2016 1 / 22 January 15, 2016 Dear Readers, We proudly present Volume
Modelling Corporate Bonds
Modelling Corporate Bonds Current Issues In Life Assurance London 28 April 2004 / Edinburgh 20 May 2004 Andrew Smith email AndrewDSmith8@deloitte.co.uk Presentation Outline Why model corporate bonds? Corporate
up to 1 year 2,391 3.27 1 to 5 years 3,441 4.70 6 to 10 years 3,554 4.86 11 to 20 years 1,531 2.09 over 20 years 62,226 85.08 TOTAL 73,143 100.
SECTION 2 RISKS OF INSURANCE COMPANIES 2.1 INSURANCE RISKS QUALITATIVE AND QUANTITATIVE INFORMATION Life business The typical risks of the life insurance portfolio (managed by Intesa Sanpaolo Vita, Intesa
American Funds Insurance Series. U.S. Government/ AAA-Rated Securities Fund. Summary prospectus Class 3 shares May 1, 2016
American Funds Insurance Series U.S. Government/ AAA-Rated Securities Fund Summary prospectus Class 3 shares May 1, 2016 Before you invest, you may want to review the fund s prospectus and statement of
VISUAL 1 TERMS OF MODERN FINANCIAL MARKETS
VISUAL 1 TERMS OF MODERN FINANCIAL MARKETS Instruments Asset-backed security Credit default swap Bond Common stock Mortgage-backed security Mutual fund Option Futures contract Subprime mortgage Institutions
Turkish Leasing Market: Latest Developments and Prospects
Turkish Leasing Market: Latest Developments and Prospects Bülent Tasar Chairman Turkish Leasing Association (FIDER) Managing Director - Siemens Finansal Kiralama A.S. - Turkey Turkish Leasing Market: Latest
MINUTES OF THE ORDINARY GENERAL SHAREHOLDERS MEETING OF BRİSA BRIDGESTONE SABANCI LASTİK VE TİCARET ANONİM ŞİRKETİ, HELD ON APRIL
MINUTES OF THE ORDINARY GENERAL SHAREHOLDERS MEETING OF BRİSA BRIDGESTONE SABANCI LASTİK VE TİCARET ANONİM ŞİRKETİ, HELD ON APRIL 27, 2012 The Ordinary General Shareholders Meeting of Brisa Bridgestone
HOUSING FINANCE IN TRANSITION ECONOMIES
HOUSING FINANCE IN TRANSITION ECONOMIES OECD Workshop Warsaw, Poland December 5-6, 5 2002 Loïc Chiquier The World Bank 1 Challenge in Transition Economies! Key for growth, poverty, wealth (75 wealth),