If you now partialy restrict the drain opening (GHG interception), you now need a higher water pressure to create the same
outflow rate you originally had; but it is the faucet that supplies the extra water to raise the level back to the stady state level; not the obstruction.
The constant input rate stays fixed, but
the outflow rate increases, as the water level rises in the tub, increasing the driving pressure.
Not exact matches
The country has been hit particularly hard by fund
outflows as it's seen as vulnerable to an expected U.S. Federal Reserve interest
rate increase.
«Unless the policy
rate differential between South Korea and the U.S. is as wide as 100 basis points, it will be OK and we won't see major capital
outflows,» Yoon said.
The two largest funds in the segment — the $ 15 billion iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the $ 9 billion SPDR Bloomberg Barclays High Yield Bond ETF (JNK)-- have faced sizable asset
outflows as investors fret over high valuations and rising interest
rates.
On the other hand, U.S. fixed - income ETFs had
outflows of $ 1.7 billion as bond prices sagged and interest
rates climbed on the prospect of a more aggressive Fed.
High interest
rates collapsed the stock and bond markets, leading to capital
outflows and lower foreign - exchange
rates.
They include upwards revisions in economic forecasts, expectation of monetary tightening, rising real and nominal long - term interest
rates, fiscal stimulus on a huge scale in a full employment economy, rising protectionism that should choke off import flows, and tax reform directed at reducing capital
outflows and increasing capital inflows.
On the other side of the coin, a poor
rating from Morningstar can lead to serious
outflows and, in the worst case, the fund shutting down.
«China's effort to curb capital
outflow continues,» said Frances Cheung, head of
rates strategy for Asia outside Japan at Société Générale.
Another aspect to watch: does strong equity - market performance combined with rising
rates (bond price declines) create
outflows to bond funds?
This means that as long as the PBoC intervenes in the currency, it can not provide debt relief to struggling borrowers, and to the economy overall, by lowering interest
rates without setting off potentially destabilizing capital
outflows as the interest
rate differential narrows.
«Rising U.S. yields will cause volatility in capital flows into emerging markets, and with the Fed still likely to hike
rates in December, the risk is for further
outflows,» said Khoon Goh, head of Asian research at Australia & New Zealand Banking Group Ltd. in Singapore, referring the Federal Reserve.
For one, the stronger dollar has weighed on China's yuan as higher U.S. interest
rates spur
outflows from the currency.
High - yield bond funds have seen mass
outflows in recent weeks as investors begin to take the threat of higher interest
rates and a winding down of monetary stimulus more seriously.
In the early 1970s, Australia's combination of a fixed exchange
rate and a significant increase in capital inflows prompted the introduction of temporarily stronger controls on inflows, alongside reduced controls on
outflows.
China's surprise yuan devaluation on Aug. 11 led to a tightening in liquidity as the PBOC subsequently bought its currency to stabilize the exchange
rate and curb capital
outflows.
As noted earlier, arbitrageurs obtain a twofold gain: the margin between Brazil's nearly 12 % yield on its long - term government bonds and the cost of U.S. credit (1 %), plus the foreign - exchange gain resulting from the fact that the
outflow from dollars into reals has pushed up the real's exchange
rate some 30 % — from R$ 2.50 at the start of 2009 to $ 1.75 last week.
Specifically, they calculate an aggregate internal
rate of return (dollar - weighted return) that treats funds as time - ordered investor capital flows, with initial fund market value and fund inflows counted as negative flows and fund
outflows and ending market value counted as positive flows.
Retail investors turned net redeemers from Emerging Markets Bond Funds going into the final week of April, and Frontier Markets Bond Funds posted their first
outflow since mid-December as fears of a more rapid pace for U.S. interest
rate hikes cooled appetites for this asset class.
Thoughts of a
rate rise in the United States have contributed to the selloff in a range of currencies and to capital
outflows from emerging markets.
The point which Ben very appropriately emphasizes is that unmanaged secular stagnation in one place is contagious — that a higher level of saving over investment leading to low interest
rates in one place, leads to current account surplus, leads to a capital
outflow, which then leads to currency depreciation, leads to currency appreciation in other places, and leads therefore to spreading low demand and low interest
rates everywhere.
Every pension fund under the sun in this country — because
rates are so low — has monthly negative
outflows of cash: beneficiaries are being paid more money than is flowing into the fund.
While emphasizing that it has ample resources to defend the pegged exchange
rate of the Hong Kong dollar, the HKMA for the first time confirmed the
outflow of overseas capital.
Indications that the US Federal Reserve is inclined to take a more aggressive stance in raising interest
rates have triggered an
outflow of capital from Hong Kong to the US to minimize foreign - exchange risks.
Not so popular last month was the iShares 20 + Year Treasury Bond ETF (TLT), which led
outflows with net redemptions of $ 1.34 billion, as investors trim exposure to long - dated bonds ahead of what could be another
rate hike before the year is over.
Among US government bond ETFs, short - term bond ETFs accumulated more than $ 6 billion in flows, while long - term bond ETFs saw $ 0.3 billion in
outflows amid changes in volatility and shifting interest
rate expectations (see US government bond ETF flow).
The UN has «not seen a refugee
outflow escalate at such a frightening
rate since the Rwandan genocide almost 20 years ago,» said UN high commissioner for refugees António Guterres at a New York meeting this summer.
With its amazingly weak performance in attracting EU funds, along with backdrop of Britain's
outflow (a net donor) from the EU, Romania could be put in a precarious negotiating position, if Brussels does not help it through various exceptional measures to improve absorption
rate.
[1] Stars are forming in the
outflows at a very rapid
rate; the astronomers say that stars totalling around 30 times the mass of the Sun are being created every year.
Laurent Lebreton, lead author of the study, explains: «Although it is not possible to draw any firm conclusions on the persistency of plastic pollution in the GPGP yet, this plastic accumulation
rate inside the GPGP, which was greater than in the surrounding waters, indicates that the inflow of plastic into the patch continues to exceed the
outflow.»
For example, the
rate of blood
outflow can be used to correctly identify responders in 92.3 percent of patients, while the initial increase of blood concentration inside the tumor can be used to identify non-responders in 90.5 percent of patients.
The peak drainage
rate was about 8,500 cubic feet (240 cubic meters) per second, about half the flow of the Hudson River — the largest meltwater
outflow yet reported for subglacial lakes in this region.
If interest
rates rise again that may help gold futures since the collateral return increases but there may be
outflows in lieu of income producing securities.
The acceleration of
outflows from tax - exempt money funds hit short - term muni financing
rates in recent months.
When retail investors experience or anticipate a significant rise in
rates we tend to see persistent mutual fund
outflows.
Some worry that the capital
outflow from emerging countries following an increase in interest
rates in the US and the fall in raw material prices resulting from the weak Chinese demand could create a situation similar to the 1997 - 1998 Financial crisis.
The zero figure at the top shows that a discount
rate -2.56 % makes the cash inflows and
outflows net to zero.
Example: Each inflow or
outflow must be discounted back to the present using a
rate (r) that will make PV (inflows) = PV (
outflows).
Paying interest based on a fixed
rate, a business would be certain about the amount of future cash
outflow.
A cash flow hedge lets a business hedge the uncertainty of cash
outflow in interest payments on its variable -
rate liability against changes in market interest
rates by swapping to a fixed -
rate liability.
Discount the amount of cash
outflow saved to solve for the decrease in the present value of the variable -
rate liability.
However, with Welltower trading near all - time highs and many bond - like stocks trading at premium valuation multiples relative to history, short - term, more risk averse investors need to keep in mind the risk of a short to medium - term correction if
rates do begin to rise and cause capital
outflows for bond - like stocks.
There is not the slightest influence of any natural cycle, as long as the inflows are equal to the
outflows, which is nearly the case: the variation in net sink
rate (0.5 - 3.5 GtC) over a year is less than the increase measured in the atmosphere...
It is easy to calculate the time constant of the decay
rate of the extra volume, because that is in linear ratio with the increase in height of water in the tank, and we know the extra
outflow at the measured increase.
For example, to calculate how much the volume must increase to cause the
outflow to rise to compensate the added inflow, you must know the magnitude of the inflow,
outflow, and
rate constant (any one of those will allow you to deduce the others).
The decay
rate is Vextra /
outflow.
The decay
rate can be derived from the measured increase in volume and calculated
outflow (s), which is a highly linear system, independent from the exchange
rates or reservoir sizes.
That is about 5 years in average and is based on the exchange
rate of about 150 GtC / year of inflows and
outflows for 800 GtC present in the atmosphere.
At some point, the water will have heated up to a point where the
rate of heat input from the stove is exactly balanced with the
rate of heat
outflow from the water.