Lessons from the United Kingdom’s Liability – Driven Investment (LDI) Crisis

Lessons from the United Kingdom’s Liability – Driven Investment (LDI) Crisis PDF Author: Ms. Ruo Chen
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 17

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Book Description
This paper seeks a deeper understanding of the factors that amplified the gilt market turmoil, which ultimately led the Bank of England (BoE) to undertake temporary gilt purchases on financial stability grounds in late September/early October 2022 to restore orderly market conditions and allow Liability Driven Investment (LDI) funds some time to build their capital positions. This paper identifies the key reasons for the success of the BoE’s intervention. This paper also discusses key gaps and policy issues related to monitoring financial stability risks in the broader NBFI sector for individual jurisdictions and international standard-setting bodies.

Lessons from the United Kingdom’s Liability – Driven Investment (LDI) Crisis

Lessons from the United Kingdom’s Liability – Driven Investment (LDI) Crisis PDF Author: Ms. Ruo Chen
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 17

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Book Description
This paper seeks a deeper understanding of the factors that amplified the gilt market turmoil, which ultimately led the Bank of England (BoE) to undertake temporary gilt purchases on financial stability grounds in late September/early October 2022 to restore orderly market conditions and allow Liability Driven Investment (LDI) funds some time to build their capital positions. This paper identifies the key reasons for the success of the BoE’s intervention. This paper also discusses key gaps and policy issues related to monitoring financial stability risks in the broader NBFI sector for individual jurisdictions and international standard-setting bodies.

Animals in Four Worlds

Animals in Four Worlds PDF Author: Stella Snead
Publisher: University of Chicago Press
ISBN: 9780226767260
Category : Art
Languages : en
Pages : 224

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Book Description
Animals play a special role in Indian culture. In opposition to deities, they help to frame the human community. Indian philosophy assumes the basic unity of animals and humans and in everyday life animals symbolize various ideas and sentiments. In the realm of Indian art, animals appear everywhere. In this splendid and unique collection of photographs, Stella Snead captures the extraordinary vitality, intelligence, and variety of animals in Indian sculpture found at sites from prehistory through the eighteenth century. Here are cats, peacocks, mongooses, anteaters, cows, hyenas, and tigers, as well as such fantastic creatures as double-bodied lions and elephants with fish tails. Collected from all areas of India, these photographs include images from famous Indian monuments, and museum collections, as well as images from remote sites, some of which have never before been published. Wendy Doniger's essay explores and explains the four worlds or dimensions that animals occupy in Indian thought: nature, the human world, the divine world, and the world of fantasy. George Michell places Indian sculptures of animals in their architectural and art historical context. His chronological survey identifies the location and the subject of the animals photographed and describes the artistic activity of the regions and period from which the photographs are drawn. This beautifully illustrated book will appeal to a wide audience: to those interested in Asian studies, art, architecture, and animals, and to those drawn to Snead's powerful photographs, which capture both the idiosyncratic genius of tiny details and the grand sweep of cosmic symbols.

Le Pacifique Sud

Le Pacifique Sud PDF Author: Frédéric Angleviel
Publisher: Presses Univ de Bordeaux
ISBN: 9782905081179
Category : Dissertations, Academic
Languages : fr
Pages : 294

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Book Description


Centralization Decentralization Debate Revisited

Centralization Decentralization Debate Revisited PDF Author: Korel Göymen
Publisher:
ISBN: 9786054348770
Category :
Languages : en
Pages : 423

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Book Description


African Leaders

African Leaders PDF Author: Alan Rake
Publisher: Scarecrow Press
ISBN: 9780810840195
Category : Biography & Autobiography
Languages : en
Pages : 274

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Book Description
The profiles are pressented alphabetically by country and the essential facts about each leader are featured in bold type at the beginning of each biography - the leader's rank, date of birth, ethnicity, religion, and political party."--BOOK JACKET.

Global Rift

Global Rift PDF Author: Leften Stavros Stavrianos
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 894

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Book Description


Paper and Iron

Paper and Iron PDF Author: Niall Ferguson
Publisher: Cambridge University Press
ISBN: 9780521894227
Category : Business & Economics
Languages : en
Pages : 560

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Book Description
Few economic events have had a more profound or enduring impact than the German hyperinflation of 1923, still remembered popularly as a root cause of Hitler's rise to power. Yet many historians have argued that inflationary policies were, on balance, advantageous to post-1918 Germany, both boosting growth and helping to reduce reparations. The scholarly consensus is that there was no viable alternative to inflation. In Paper and Iron Niall Ferguson takes a different view. He argues that inflation was indeed an economic and political disaster, and further that there were alternative economic policies which could have stabilised the German currency in 1920. To explain why these were not adopted he points to long-term defects in the political institutions of the Reich which went back as far as the 1890s and which persisted beyond 1918. The book therefore reveals the Wilhelmine origins of Weimar's failure, as well as casting light on the origins of the Third Reich.

Outlook for Uranium

Outlook for Uranium PDF Author: John A. Patterson
Publisher:
ISBN:
Category : Uranium industry
Languages : en
Pages : 52

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Book Description


Comparative Constitution Making

Comparative Constitution Making PDF Author: David Landau
Publisher: Edward Elgar Publishing
ISBN: 1785365266
Category : Law
Languages : en
Pages : 623

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Book Description
Recent years have witnessed an explosion of new research on constitution making. Comparative Constitution Making provides an up-to-date overview of this rapidly expanding field. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 10.0px Arial}

Adjustment and Growth in the European Monetary Union

Adjustment and Growth in the European Monetary Union PDF Author: Francisco Torres
Publisher: Cambridge University Press
ISBN: 052144019X
Category : Business & Economics
Languages : en
Pages : 406

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Book Description
The Maastricht Treaty, signed in December 1991, set a timetable for the European Community's economic and monetary union (EMU) and clearly defined the institutional policy changes necessary for its achievement. Subsequent developments have demonstrated, however, the importance of many key issues in the transition to EMU that were largely neglected at the time. This volume reports the proceedings of a joint CEPR conference with the Banco de Portugal, held in January 1992. In these papers, leading international experts address the instability of the transition to EMU, the long-run implications of monetary union and the single market for growth and convergence in Europe. They also consider the prospects for inflation and fiscal convergence, regional policy and the integration of financial markets and fiscal systems. Attention focuses on adjustment mechanisms with differentiated shocks, region-specific business cycles and excessive industrial concentration and the cases for a two-speed EMU and fiscal federalism.