Sentences with phrase «financial intermediation»

Indeed, less, because Jack Bogle's «Cost Matters Hypothesis» is right: «Gross returns in the financial markets minus the costs of financial intermediation equal the net returns actually delivered to investors.»

As discussed in Box C in the May 2003 Statement, the first adjustment has been to add back to the published series the imputed financial intermediation service charge deducted by the ABS.

That said, the increase in financial intermediation accelerated during the terms of Bush, Sr, and Clinton.

This all means that our societies can benefit from a well - designed set of rules and standards to govern how financial intermediation takes place.

«Financial innovation will not only enhance productivity of economic activities, but also make financial intermediation more seamless,» Johari told The Malaysian Reserve, going on to say, «This is particularly relevant to recent innovations like bitcoin.»

The minister further discussed the importance of fintech innovation for Malaysia, saying it would boost economic productivity, as well as «make financial intermediation more seamless.»

Financial intermediation reduces volatility.

It will however continue to make the adjustment for the imputed financial intermediation service charge, given that the published data still exclude that part of interest payments attributed to this charge.

Northland Financial provides commercial real estate financing, including financial intermediation, loan administration, seller / servicer and investment services.

1) Increasing financial intermediation over the last 56 years, with a small over-reported disintermediation in the mid-70s.

In terms of efficiency of the financial system, the bond market can play the role of the competitive edge: ensuring that banks do not charge too high a price for financial intermediation.

After all rates below minus 50 or 75 bps are impracticable in a society with cash and might actually hurt financial intermediation.

So yen were borrowed to convert into dollars, euros, Icelandic kroner and Chinese renminbi to buy government bonds, private - sector bonds, stocks, currency options and other financial intermediation.

Regulators allowed these activities because financial intermediation plays an essential role in capital raising and risk management, supporting broader economic activity and growth.

Speech — Fischer, Nonbank Financial Intermediation, Financial Stability, and the Road Forward — March 30, 2015

«Cryptocurrencies and blockchain technology pose a dramatic change to the existing regulatory landscape; they have the potential to reform the global financial system around peer - to - peer transactions, without traditional financial intermediation,» Neha Narula, Director of the Digital Currency Initiative at the MIT Media Lab, said.

This is not the place to discuss why financial intermediation, via specialised financial institutions, is economically and socially beneficial.

While still a robust rate of increase in an economy in which nominal incomes are growing at around 6 per cent, this represents a moderate slowdown in the pace of financial intermediation from rates recorded in the second half of last year.

Recently, he wrote two articles on financial intermediation.

To close this off, my main point is this: people want financial intermediation, particularly during the bear phases of the financial cycle.

Financial intermediation leaves money on the table.

The robustness of the sector is reflected in healthy capital and liquidity levels held by banks and continued registration of new companies and of funds and investment vehicles providing employment opportunities both within the direct financial intermediation segment and other related professional services activities.

«The new issue now for the next 10 years is going to be fintech, and how fintech is going to affect financial intermediation in the US,» St. Louis Fed President James Bullard told Business Insider in an interview late last year.

The crisis increased the costs of financial intermediation and left major debt overhangs.

Among other things, Fed experts feared that, by substantially increasing the Federal Reserve's role in financial intermediation, the new facility «might magnify strains in short - term funding markets during periods of financial stress.»

It is the rare combination of a simultaneous impact of hugely restrictive fiscal policies, gravely damaged channels of financial intermediation and crippling trade imbalances in especially depressed segments of the world economy - the euro area - where there is an obvious need for a strong stimulation of domestic demand in countries of that region whose trade surpluses range from 2 percent to nearly 9 percent of gross domestic product (GDP).

The Fed's efforts to help the convalescing financial system to restore the traditional channels of financial intermediation have made substantial progress.

Its unique work program addresses the economic environment within which financial intermediation takes place, the regulatory environment, and the future of financial intermediation.

The financial intermediation process and the creation of credit is the primary channel through which monetary policy affects the economy.

The April 2017 GFSR also includes a chapter that examines how a prolonged low - growth, low - interest rate environment can fundamentally change the nature of financial intermediation.

The financial sector constitutes the infrastructure of commerce; financial intermediation is also the mechanism that facilitates risk - sharing and risk mitigation, as well as regional and intertemporal exchange of financial assets and obligations.

We are watching closely to see whether there is a shift in relative pricing between them that could produce a flow from one to the other and thereby have implications for the structure of financial intermediation.

Interest rates and bond purchases work indirectly, through asset prices and financial intermediation.

Market - makers must be willing to take on risk by building inventory positions (see Box 1 for a discussion of the economics of market - making).4 As with other types of financial intermediation, willingness to build positions depends on assessments of risk and return.

The real formula for investment success is to own the entire market, while significantly minimizing the costs of financial intermediation.

This reflects a number of features of financial intermediation, including the existence of pervasive information asymmetries and the potential for runs if confidence is shaken for any reason.

On the maintained assumption that the elimination of financial intermediation is unthinkable, then the simple annulment of almost any category of modern debt is just not possible, (we shall discuss student debt at greater length in Section 8).

The financial intermediation service charge currently increases the ratio by around 1.4 percentage points, of which around half is attributable to housing - related debt.

The revised data including the financial intermediation service charge suggest a slightly higher debt - servicing ratio over recent years than that indicated by the RBA's earlier estimates, with the revised ratio averaging 1/4 — 1/2 of a percentage point higher over recent quarters.

Growth in financial intermediation is continuing at a steady pace.

I agree perfectly with him and that is my second recommendation is for the National Communications Authority (NCA), Ghana Chamber of Telecommunications, Bank of Ghana and the Ghana Police Service to collaborate to up their game, improve and insist on standards to ensure only best practices are implemented in the financial intermediation arena.

Financial intermediation has two purposes: transactions and safety.

«Work by Thomas Philippon of New York University establishes that, going way back in time, financial intermediation costs about 2 percent of the funds invested.

«Such a change would have fundamental implications on credit growth, financial intermediation, transmission of monetary policy, and role of (central) banks in general,» he warned.