Financial Internationalization and Financial Security Issues

Dynamic Financial Modeling- Issues and Approaches

291 Dynamic Financial Modeling-Issues and Approaches Daykin, Pentikainen, and Pesonen (as well as other authors) have described the elements that can comprise a dynamic financial model of a property/casualty insurer and have discussed options for several important elements where different approaches are reasonable. This paper further describes the issues which arise in designing and implementin...

VI Regional Integration and Financial System Issues

99 C America has made good progress over the past decade in stabilizing the macroeconomic environment and establishing a sound and efficient financial system. Macroeconomic stability and measures to address financial sector weaknesses have contributed to increased intermediation and improvements in key financial sector indicators. At the same time, credit to the private sector from locally lice...

Financial Contracts, Bargaining and Security Design∗

We explore how a firm optimally finances multiple projects when profits depend on subsequent negotiations with buyers, a common situation in procurement projects and vertical industries. A tension arises because the agreements reached with buyers depend on how the proceeds from the sales will be divided with investors. A financial contract determines the division. Should the proceeds from multi...

Social Security Reform and Financial Markets

Social Security is in trouble. With declining population growth and rising life expectancy, the cost of Social Security benefits is rising relative to payroll tax revenues. As a result, the Social Security retirement fund is expected to run out around 2030.1 Recently, the 1994–1996 Advisory Council on Social Security (1997) proposed three different plans to address the problem. Interestingly, a...

Financial Depth – Financial Repression Linkage