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Over-the-Counter Interest Rate Derivatives

by Anatoli Kuprianov
"... Over-the-counter (OTC) interest rate derivatives include instruments such as forward rate agreements (FRAs), interest rate swaps, caps, floors, and collars. Broadly defined, a derivative instrument is a formal agreement between two parties specifying the exchange of cash payments based on changes in ..."
Abstract - Cited by 1 (0 self) - Add to MetaCart
, and collars are option-like agreements that require one party to make payments to the other when a stipulated interest rate, most often a specified maturity of LIBOR, moves outside of some predetermined range. The over-the-counter market differs from futures markets in a number of important respects. Whereas

Global and regional climate changes due to black carbon,

by V Ramanathan , G Carmichael - Nat. Geosci., , 2008
"... Figure 1: Global distribution of BC sources and radiative forcing. a, BC emission strength in tons per year from a study by Bond et al. Full size image (42 KB) Review Nature Geoscience 1, 221 -227 (2008 Black carbon in soot is the dominant absorber of visible solar radiation in the atmosphere. Ant ..."
Abstract - Cited by 228 (5 self) - Add to MetaCart
, 64 and all of them estimate an increase in pre-monsoon rainfall during spring followed by a decrease in summer monsoon rainfall, in agreement with observed trends Climate system response and feedbacks Full size image (45 KB) dominate overall, except for in heavily polluted regions with absorption

International Climate Agreements

by unknown authors
"... One of the most difficult challenges facing nations attempting to implement the Climate Convention is the integration of GHG considerations into national develop-ment programs. Building on Winkler et al. (2002), this chapter explores this challenge at the international level. Namely, how might an ap ..."
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an approach based on policies and measures be formalized and defined within a future inter-national climate agreement? In other words, how might Parties develop a mechanism for formally recognizing and advancing the kinds of sustainable development policies and measures (SD-PAMs) discussed in this volume

Signaling and risk allocation in merger agreements

by Antonio J. Macias, Thomas Moeller
"... Acquirers and targets allocate interim risk in merger agreements through the Material Adverse Change (MAC) clause and its exclusions. While virtually all acquisitions have a MAC clause, there is broad cross-sectional variation in the numbers and types of MAC exclusions. MAC exclusions can address fi ..."
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-specific abandonment options serve as credible signals for higher target quality and are associated with better prior target performance. Broad abandonment options are more prevalent when information asymmetries are likely high and signaling is particularly beneficial. In contrast, acquirers tend to assume the largely

Option Values and the Choice of Trade Agreements

by Mark Melatos , 2014
"... This paper analyzes how uncertainty influences the formation and design of regional trade agreements (TAs). Two sources of uncertainty — in demand and costs — are considered. Using a multi-stage game we show that, as long as some decisions are made after uncertainty is resolved, all TAs have option ..."
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This paper analyzes how uncertainty influences the formation and design of regional trade agreements (TAs). Two sources of uncertainty — in demand and costs — are considered. Using a multi-stage game we show that, as long as some decisions are made after uncertainty is resolved, all TAs have option

IMPACT OF THE WTO AGREEMENT ON MENA AGRICULTURE

by Nabil Chaherli, Moataz El-said
"... Macroeconomics Division).Views expressed in this paper are those of the authors and do not necessarily reflect those of the institutions of affiliation. The authors would like to thank the reviewers Dr. Sam Laird (Development Division, WTO) and Dr. Luca Salvatici (Department of Public Economics, Uni ..."
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Macroeconomics Division).Views expressed in this paper are those of the authors and do not necessarily reflect those of the institutions of affiliation. The authors would like to thank the reviewers Dr. Sam Laird (Development Division, WTO) and Dr. Luca Salvatici (Department of Public Economics

Regional Trade Agreements in East Asia: Will They Be Sustainable

by Innwon Park, Innwon Park - Munich Personal RePEc Archive (MPRA
"... Searching for sustainable regional trade agreements (RTAs) for East Asia, we quantitatively evaluated the likely impact of proposed East Asian RTA strategies─(i) the AFTA (a being-left-alone strategy), (ii) an ASEAN Hub RTA (a hub-and-spoke type of overlapping RTA strategy), (iii) the AFTA vs a Chin ..."
Abstract - Cited by 9 (1 self) - Add to MetaCart
Searching for sustainable regional trade agreements (RTAs) for East Asia, we quantitatively evaluated the likely impact of proposed East Asian RTA strategies─(i) the AFTA (a being-left-alone strategy), (ii) an ASEAN Hub RTA (a hub-and-spoke type of overlapping RTA strategy), (iii) the AFTA vs a

Bilateral trade agreements and the feasibility of multilateral free trade,” mimeo

by Kamal Saggi, Halis Murat Yildiz , 2007
"... What is the relationship between preferential and multilateral trade liberalization? Does the option to form free trade agreements (FTAs) reduce the likelihood of obtaining global free trade? In a three-country model of intraindustry trade, we show that when the degree of cost asymmetry between coun ..."
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What is the relationship between preferential and multilateral trade liberalization? Does the option to form free trade agreements (FTAs) reduce the likelihood of obtaining global free trade? In a three-country model of intraindustry trade, we show that when the degree of cost asymmetry between

Rent-to-own agreements: Customer characteristics and contract outcomes

by Michael H. Anderson, Sanjiv Jaggia
"... The rent-to-own (RTO) industry, by offering immediate access to household goods for a small periodic fee with no credit check or down payment, has strong appeal to low income and financially distressed consumers. An important policy question is whether an RTO agreement is used as a rental/lease with ..."
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/lease with build-in purchase option or as something more akin to an installment loan. Given the embedded options to return the item or to purchase it early, the actual rent paid by RTO customers is substantially lower than the oft-reported total rent which assumes that agreements go to term. We employ a log

Administering the Softwood Lumber Agreement: The Case for Tax-Only Export Measures

by Kathleen Macmillan , 2006
"... The draft softwood lumber agreement reached with the United States on April 27, 2006 makes the best of a bad situation and buys lumber producers an interlude of much-needed peace free from the punishing effects of US trade actions. The tough decisions for Canadian policy makers will not end when neg ..."
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The draft softwood lumber agreement reached with the United States on April 27, 2006 makes the best of a bad situation and buys lumber producers an interlude of much-needed peace free from the punishing effects of US trade actions. The tough decisions for Canadian policy makers will not end when
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