Download or read book Fire Sale written by Philip McKernan and published by John Wiley & Sons. This book was released on 2010-10-12 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ads are everywhere. US real estate at rock-bottom prices. Posh homes in gated communities devalued 50% from a year ago. US real estate agents with nowhere to go in their own backyard are targeting Canada and other countries to attract buyers to the land of the foreclosed and the home of the bushwhacked. As the US housing market remains in crisis and foreign currencies increase in strength relative to the US dollar, foreign investment into real estate in America is reaching new highs, particularly in the sunbelt states. The opportunity to invest in these properties, either as an investment property or a vacation home, is made even more attractive in light of the record number of distressed properties (AKA foreclosures) on the market or in the pipeline due to high levels of unemployment in the US, high consumer debt, and ongoing fallout from the subprime crisis. But what does "opportunity" really look like? What due diligence must an investor do to buy with confidence? What are the pitfalls? The legal and tax considerations? While the property and price may look good on paper, how can you ensure that your investment is a sound one? Philip McKernan and his crack team of experts teach you everything you need to know about investing in distressed properties in the United States, including sourcing distressed properties; building the right team of real estate agent, finance expert, lawyer, and accountant; understanding the tax and legal issues; and having an exit strategy. Make sure you're getting the best deals possible and avoiding any nasty surprises. Be prepared and aware, with Fire Sale: How to Buy US Foreclosures.
Download or read book Fire Sale written by Sara Paretsky and published by Penguin. This book was released on 2006-07-05 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE NEW YORK TIMES BESTSELLER “Takes off with a bang—literally...V. I. remains a paragon among PIs, and Fire Sale is one of Paretsky’s best books yet.”—St. Louis Post-Dispatch A conscience can weigh a PI down more than the heaviest firearm—and get her into more trouble too. It’s that nagging conscience that makes V. I. Warshawski agree to fill in as coach for the girls’ basketball team at her South Chicago alma mater—which in turn leads her to the headquarters of By-Smart, the global retail empire where V. I. hopes to get some desperately needed funds for the struggling squad. But conscience seems to be in short supply at By-Smart...with the exception of Billy Bysen, the earnest teenage grandson of the chain’s gruff, tightfisted founder. And when Billy disappears—along with a mysterious document much desired by By-Smart’s management team—V. I. is hurled onto a twisted, body-strewn path that runs through Chicago’s dirtiest places and reveals some of its dirtiest secrets...
Download or read book Antiques Fire Sale written by Barbara Allan and published by A Trash 'N' Treasures Mystery. This book was released on 2021-05-25 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local theater diva Vivian Borne--a.k.a. Brandy's mother--is sheriff of Serenity County now, but still hot on the trail of precious antiques. On a tour of the historic Wentworth Mansion, the two dedicated dealers are aglow at the priceless objects...never dreaming everything will turn to ashes. Hours later, a charred corpse in the ruins is identified as the mansion's caretaker, a one-time flame of Vivian's. Tony Cassato, Serenity's Chief of Police, throws cold water on Sheriff Vivian's suspicions of murder. But when Brandy spots a familiar item for sale on the internet, Mother suspects the fire is just a smoke screen--and then their doggie detective, Sushi the shih tzu, sniffs out a second body in the woods. Now Mother and Brandy must turn up the heat on a homicidal torcher--because any killer who takes on the Borne girls is playing with fire.
Download or read book Optimal Monetary and Macroprudential Policies Under Fire Sale Externalities written by Flora Lutz and published by International Monetary Fund. This book was released on 2023-03-10 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: I provide an integrated analysis of monetary and macroprudential policies in a model economy featuring a financial friction and a nominal wage rigidity. In this set-up, the monetary authority faces a trade-off between macroeconomic and financial stability: While expansionary counter-cyclical monetary policy prevents involuntary unemployment, it also amplifies an inefficient reallocation of capital across sectors. The main contribution of the analysis is threefold: First it highlights a novel channel through which monetary policy can impact financial stability. Second, it shows that, by itself, monetary policy can significantly mitigate the wedge between the constrained efficient and the competitive allocation. Third, regardless of the availability of macroprudential tools, stabilizing demand is usually not optimal for monetary policy.
Download or read book FCC Record written by United States. Federal Communications Commission and published by . This book was released on 1991 with total page 1944 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 3D and the Art of Massive Attack written by Robert Del Naja and published by Thames Hudson. This book was released on 2015-07-06 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Vinyl Factory presents 3D and the art of Massive Attack by Robert del Naja (aka 3D) a 300-page 12"x12" hardback reversible book format with two different covers starting at the past or the present (with screen printed front covers) on the visual history of the artist and his band who have sold over 11 million records worldwide. Compiled and designed by 3D using images from a personal archive and original artifacts scanned by the artist for the record. Robert's artwork has come to define the iconic style of his band and the book explores their visual history, presenting both familiar and previously unseen work, from his influential graffiti and stencil art in the Wild Bunch-era of the 80s to Massive Attack cover designs and paste-ups and paintings. Also included is his work made in collaboration with Nick Knight, Tom Hingston, Judy Blame and Michael Nash Associates, as well as unseen photographs documenting Del Naja's ongoing LED work with United Visual ArtistsUnited Visual Artists, and his recent work with filmmaker Adam Curtis. The 300-page book also features an in-depth interview with the artist, where he describes the development of the band's artwork and record sleeve designs, as well as offering insight into his process and inspirations. Del Naja's background as a graffiti artist has shaped his evolving aesthetic, as well as a strong ethos of do it yourself creativity. His instincts as an artist were forged in an atmosphere of spontaneity and innovation - from making flyers to throwing warehouse parties - and this way of working informed the first record sleeves he created. Inspired by magazine culture and comics, 3D drew on wide-ranging influences, from New Yorks hip-hop scene and Japanese graphics, Jean-Michel Basquiats cultural juxtapositions to Warhols pop imagery, politics and punk.
Download or read book Financial Regulation and Stability written by Charles Goodhart and published by Edward Elgar Publishing. This book was released on 2019 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the interaction of monetary and regulatory policy to achieve the important goal of price and financial stability. The authors show how financial stability can be assessed and measured continuously, and discuss the interrelationships between liquidity and default. Without default there would be no concern about liquidity. But the financial crisis was not just a liquidity problem, and requires a general equilibrium model. Their general equilibrium analysis demonstrates how policy should depend on understanding all the relevant factors.
Download or read book Capital Flows and the Emerging Economies written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2008-04-15 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes—in Mexico, Thailand, South Korea, Russia, and Brazil—were all exacerbated by speculative foreign investments and high-volume movements of capital in and out of those countries. Insufficient domestic controls and a sluggish international response further undermined these economies, as well as the credibility of external oversight agencies like the International Monetary Fund. This timely volume examines the correlation between volatile capital mobility, currency instability, and the threat of regional contagion, focusing particular attention on the emergent economies of Latin America, Southeast Asia, and Eastern Europe. Together these studies offer a new understanding of the empirical relationship between capital flows, international trade, and economic performance, and also afford key insights into realms of major policy concern.
Download or read book Does Financial Tranquility Call for Stringent Regulation written by Deepal Basak and published by International Monetary Fund. This book was released on 2018-05-31 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consistent with the Minsky hypothesis and the “volatility paradox” (Brunnermeier and Sannikov, 2014), recent empirical evidence suggests that financial crises tend to follow prolonged periods of financial stability and investor optimism. But does financial tranquility always call for more stringent regulation over time? We examine this question using a simple portfolio choice model that features the interaction between learning and externality. We evaluate the potential of a macroprudential policy to restore efficiency, and characterize the necessary and sufficient condition for the countercyclicality of the optimal regulation/macroprudential policy. Our paper implies that policymakers should not only consider the cyclical indicators “on the surface” (for example, credit growth), but also closely examine the deep structural change of the resilience of the system. The paper also highlights the importance of assigning the macroprudential policy function to independent agencies with technical expertise.
Download or read book Handbook of Price Impact Modeling written by Kevin T Webster and published by CRC Press. This book was released on 2023-05-05 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Builds a market simulator to back test trading algorithms Implements closed-form strategies that optimize trading signals Measures liquidity risk and stress test portfolios for fire sales Analyze algorithms’ performance controlling for common trading biases Estimates price impact models using the public trading tape
Download or read book Liquidity Trap and Excessive Leverage written by Mr.Anton Korinek and published by International Monetary Fund. This book was released on 2014-07-21 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand. However, if the fall in the interest rate is limited by the zero lower bound, aggregate demand is insufficient and the economy enters a liquidity trap. In such an environment, agents' exante leverage and insurance decisions are associated with aggregate demand externalities. The competitive equilibrium allocation is constrained inefficient. Welfare can be improved by ex-ante macroprudential policies such as debt limits and mandatory insurance requirements. The size of the required intervention depends on the differences in marginal propensity to consume between borrowers and lenders during the deleveraging episode. In our model, contractionary monetary policy is inferior to macroprudential policy in addressing excessive leverage, and it can even have the unintended consequence of increasing leverage.
Download or read book Macroprudential Stress Tests and Policies Searching for Robust and Implementable Frameworks written by Ron Anderson and published by International Monetary Fund. This book was released on 2018-09-11 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroprudential stress testing (MaPST) is becoming firmly embedded in the post-crisis policy-frameworks of financial-sectors around the world. MaPSTs can offer quantitative, forward-looking assessments of the resilience of financial systems as a whole, to particularly adverse shocks. Therefore, they are well suited to support the surveillance of macrofinancial vulnerabilities and to inform the use of macroprudential policy-instruments. This report summarizes the findings of a joint-research effort by MCM and the Systemic-Risk-Centre, which aimed at (i) presenting state-of-the-art approaches on MaPST, including modeling and implementation-challenges; (ii) providing a roadmap for future-research, and; (iii) discussing the potential uses of MaPST to support policy.
Download or read book An Overview of Macroprudential Policy Tools written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2014-12-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroprudential policies – caps on loan to value ratios, limits on credit growth and other balance sheets restrictions, (countercyclical) capital and reserve requirements and surcharges, and Pigouvian levies – have become part of the policy paradigm in emerging markets and advanced countries alike. But knowledge is still limited on these tools. Macroprudential policies ought to be motivated by market failures and externalities, but these can be hard to identify. They can also interact with various other policies, such as monetary and microprudential, raising coordination issues. Some countries, especially emerging markets, have used these tools and analyses suggest that some can reduce procyclicality and crisis risks. Yet, much remains to be studied, including tools’ costs ? by adversely affecting resource allocations; how to best adapt tools to country circumstances; and preferred institutional designs, including how to address political economy risks. As such, policy makers should move carefully in adopting tools.
Download or read book Systemic Risk written by Prasanna Gai and published by Oxford University Press. This book was released on 2013-03-28 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies some of the lessons from network disciplines - such as ecology, epidemiology, and engineering - to study and measure how small probability events can lead to contagion and banking crises on a global scale.
Download or read book The Effect of Leverage on Asset Sales Between Financial Institutions written by Mr.Sonali Das and published by International Monetary Fund. This book was released on 2017-09-08 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes how the leverage of financial institutions affects their demand for assets and the resulting value of transactions between financial institutions. The results show a positive relationship between buyer capital and the likelihood of buying assets, and between buyer capital and the value of the deal. That is, those institutions that are the least constrained in their ability to raise funding are those that demand assets and pay more for them. This result does not hold, however, for deposit-taking institutions that had access to several government programs designed to improve their liquidity position during the crisis of 2008.
Download or read book Contagion Systemic Risk in Financial Networks written by T. R. Hurd and published by Springer. This book was released on 2016-05-25 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people have viewed financial crises and systemic risk in the past, it delves into the mechanics of the interactions between banking counterparties. It finds a common mathematical structure for types of crises that proceed through cascade mappings that approach a cascade equilibrium. Later chapters follow this theme, starting from the underlying random skeleton graph, developing into the theory of bootstrap percolation, ultimately leading to techniques that can determine the large scale nature of contagious financial cascades.
Download or read book Global Housing Markets written by Ashok Bardhan and published by John Wiley & Sons. This book was released on 2011-10-27 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.
