We analyze monetary conditions in US asset markets — corporate equity, real estate, Treasury bond and corporate & foreign bond — from a market specific perspective, proposing the concept of market leverage. Market leverage measures the average leverage of all asset holders in a particular asset market. The concept builds on an accountingbased network that links balance sheet leverages of asset ...

Interface (General Base Interface) generic AbstractAsset Person ID getID() AssetClass getType() Object accept(LifeCycleVisitor) void addLifeCycleListener(LifeCycleListener) void removeLifeCycleListener(LifeCycleListener) includes all methods not depending on the asset definitions in schema file and which have meaning and can be invoked independently of the asset life cycle; these are the method...

As emphasized by Giovannini and Labadie (1991), empirical regularities involving nominal interest rates, asset prices, and inflation should be ultimately determined by money. The role of money, however, is almost neglected, particularly in terms of asset-pricing literature. This paper attempts to investigate the role of money in asset pricing in Japan. Specifically, it compares the empirical pe...

We study how asset prices are affected by the amount of “liquidity”or cash that is available in asset markets. We find that higher levels of liquidity lead to higher asset prices and lower bid-ask spreads. An increase in inflation increases asset returns and decreases asset prices. The amount of liquidity available in asset markets depends on the fraction of agents who do not have immediate con...

Recent literature shows how the destabilising e¤ect of portfolio insurance activity on the price of the underlying asset depends on the liquidity of the asset market. We build a simple model where market timers shift capital around asset markets in order to exploit gains from temporary excess-volatility of asset prices. In this way, market timers increase the liquidity of asset markets reducing...

This study empirically examines whether managers manipulate reported income through the timing of sales of long-lived assets and investments. Several empirical implications of the income-smoothing and debt-equity hypothesis in the context of asset sales were tested. The findings are consistent with the timing of asset sales by managers so that the recognized accounting income from these sales s...

<em>Return on Assets in the Employee Cooperative of Republic Indonesia, Kepanjen District, Malang Regency 2017-2020. To achieve this goal, study uses descriptive analysis with a quantitative approach. Collecting research data at Department Cooperatives and Micro, Small Medium Enterprises district. While object is financial statements Indonesian for year The results indicate that Total Ass...

for banks and financial institutions, credit risk had been an essential factor that needed to be managed well. credit risk was the possibility that a borrower of counter party would fail to meet its obligations in accordance with agreed terms. credit risk; therefore arise from the bank’s dealings with or lending to corporate, individuals, and other banks or financial institutions.  credit risk...