Optimal floating and fixed rate debt mix
Interest rate risk management and the mix of fixed and floating rate debt
... Faulkender (2005) obtains firm-by- firm estimates of the ‘betas’ of ca sh flows with respect to interest rates – these betas could then be used to proxy for hedge ratios and determine whether firms should be taking on ...
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The Use of Fixed-Rate and Floating-Rate Debt for Hotels
... Offer Rate (LIBOR) indicates that hotel investors would fare more favorably with floating-rate loans than with the commonly used fixed-rate ...and floating interest ...cover ...
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Partial Durations: The Case of Fixed and Floating Rate Bonds
... a fixed income portfolio is instead influenced by different components (the creditworthiness of issuers amongst ...daily rate variations of different risk factors are far from correlated and could follow ...
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The short term debt vs. long term debt puzzle: a model for the optimal mix
... ‘investor decisions’ criterion, result in a meaningful equity/earnings figure? Is the ac- countant’s estimate of the value of shareholders investment in the firm a good indicator of the net present value of future cash ...
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Taxable Fixed Income. Invesco Floating Rate Fund (AFRAX)
... interest rate, credit, leverage, counterparty and management ...secured floating rate loans and debt securities may not be sufficient to cover the amount owed, may be found invalid, may be ...
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Fixed versus floating rate - borrower characteristics and mortgage choice in Australia
... mortgage debt, the availability of very long term (30 year) fixed rate loans and the relatively low refinancing fees which characterise this market are not generally found ...
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Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. Freddie Mac
... a more detailed description of the impacts of changes in mortgage-to-debt OAS. The loss of business volume from key lenders could result in a decline in our market share and revenues. Our business depends on our ...
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Variable versus Fixed Rate Mortgages and Optimal Monetary Policy
... of fixed versus variable rate debt contracts, by looking at the transmission of productivity shocks under fully optimal (Ramsey) monetary ...either fixed or variable rates within a ...
144
Senior Floating Rate Loans
... 0.55 Floating Rate Loans ...of fixed-rate, non-investment-grade ...issued, fixed rate, non-convertible investment-grade dollar denominated, SEC-registered corporate ...issued ...
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Floating-rate loans. The evolving market for floating-rate loans. Deutsche Asset & Wealth Management
... inflation; floating-rate loans, Morningstar Bank Loan category, which includes portfolios that primarily invest in floating-rate bank loans instead of bonds; commodities, DJ / UBS Commodity ...
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The Optimal Mix of Monetary and Climate Policy
... is fixed at the carbon tax level (or 0) no matter how much firms ...Ramsey optimal (increased) emission ...is fixed hence its marginal level is also fixed and equates to the tax ...Ramsey ...
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Fixed Versus Floating: International Monetary Experience
... the fixed exchange rate and for monetary policy within a currency union, fiscal policy decisions are taken independently by member ...higher debt to GDP ratio are likely to lobby for a higher ...
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Foreign Debt and Fear of Floating: A Theoretical Exploration
... of optimal exchange rate regime choice and the indexation and denomination of public ...foreign debt, the choice between pegging and ‡exibility depends on weigh- ing the shock-absorbing properties of ...
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Floating Rate. Floating Rate. Floating Rate. Floating Rate. Floating Rate. Floating Rate. Floating Rate. Floating Rate
... Singapore Exchange Securities Trading Limited.. Company Reg No..[r] ...
Floating rate Payments 6m Libor. Fixed rate payments
... raise floating rate money and BBB wants to raise fixed rate ...raising fixed rate money in the bond market as against BBB, which is, is greater than the disadvantage (60 basis ...
7
Option Theory and Floating-Rate Securities with a Comparison of Adjustable- and Fixed-Rate Mortgages
... However, the resulting insurance payouts need not be large, since insurance coverage is based on the face value F of the loan, not the present value of promised payments [r] ...
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Real Exchange Rate Behavior Under Floating and Fixed Regimes
... exchange rate of Germany and the United Kingdom for the years pr ior to 1949 were provided by P hillipe ...exchange rate for Germany controlled by the Currency Commission made up of representatives from ...
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Algorithms for Optimal Control with Fixed-Rate Feedback
... a fixed-rate noiseless channel. The minimal rate required to stabilize such a system has been well ...given fixed rate, how to quantize the states so as to optimize performance is an ...
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Bretton Woods Fixed Exchange Rate System versus Floating Exchange Rate System
... exchange rate system within which the value of the currency is mostly determined by the market but influenced by the periodical intervention of the central bank in order to determine the increase or the reduction ...
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Has Australia's floating exchange rate regime been optimal?
... AUSTRALIA’S FLOATING EXCHANGE RATE REGIME BEEN OPTIMAL? Abstract This paper develops a straightforward theoretical framework for evaluating exchange rate regime choice for small ...a ...
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