... capital
profitability is declining. The internalization of information within the same institution may thus
enhance intra-circuit and inter-circuit stability by reducing the incentive to overfinancing.
The demand ... placing money with
investment financial institutions in the capital market, and hold the remaining share in non-
interest bearing, short-term bank deposits (eq. 7). The share of savings going ... become inconsistent with conditions prevailing in longer-term
maturity habitats, leading to overfinancing of capital good production. Figure 1 shows financial
investors rationing investing companies...
... project financing, the increasing private investment and the risk exposure of
the lenders necessitate researches in risk mitigation in project financing in Vietnam,
particularly in private sector. ... supporting local sponsors.
• International Finance Corporation (IFC), if the lenders consider lending to non-state sector
because IFC is a major lender in project financing in non-state sectorin ... Companies
1
In order to attract foreign investment into Vietnam, the government has introduced the law on
foreign investment, offered a lot of incentives including tax. After the financial turmoil in...
... 30.3 39. Foreign Banking Offers
in U.S.
Ϫ0.6
6.6
14. Foreign Banking Offices in U.S.
Ϫ0.9
Ϫ0.2 40. Banking Holding Companies
4.2
3.1
15. Banking Holding Companies
23.6 18.2 41. Banks in U.S. Affiliated
Areas
10.0
6.6
16. ... greater investment banking focus, while investment
banking firms have placed growing emphasis on developing institutional
asset management businesses in part to benefit from vertical integration
and in ... finan-
cial industry reconfiguration summarized in Figure 2-1.
First, in- market transactions have been most intense in the commercial
banking sector, notably retail banking. Extensive banking overcapacity...
... deriving information
4.2 Improvement in deriving information
III. Application of remote sensing
III. Application of remote sensing
technology in forestry sector of
technology in forestry sector ...
Administration System in
Administration System in
Vietnam
Vietnam
4.3 More reliable information for better informed
4.3 More reliable information for better informed
decisions
decisions
Information ... aspects).
Conventional techniques: time-consuming
and costly;
Insufficient capacity: in collecting,
analyzing, synthesizing and reporting
information, especially at local levels;
Expensive...
... wholesale
banking, noted earlier.
92 Mergers and Acquisitions inBanking and Finance
Restructuring tends to be done on the basis of private information
by drawing on these business -banking- government ... Fortis Group combines
banking and insurance, albeit unevenly, in the Benelux countries. The
ING Group is the product of a banking- insurance merger that has since
acquired the U.S. insurer ReliaStar ... business in 2002 suggests that management
sees little to be gained in retaining that business from a shareholder value
perspective.
Most empirical studies of revenue gains involving cross-selling...
... Bank about the future of its investment banking business,
Dresdner Kleinwort Wasserstein.
152 Mergers and Acquisitions inBanking and Finance
WHAT ARE THE KEY LESSONS?
Information technologies represent ... advantage in cross-selling would go to the former Citicorp,
which would integrate customers’ account information, including insur-
ance, banking, and credit cards, onto one statement. Facing incompatible
IT ... as Travelers Inc. acquired Shearson Lehman Brothers Inc. in
1993, the property insurance business of Aetna in 1996, Salomon,
Inc. in 1997, Citicorp in 1998, and then as Citigroup Inc. acquired
Travelers...
... the
key Japanese financial business in investment banking, private banking,
and institutional fund management have seen substantial incursions by
foreign firms. In other sectors, such as retail brokerage, ... Stock
Exchange, the NASD, the Investment Company Institute (covering mutual
funds), the Securities Industry Association (representing investment
234 Mergers and Acquisitions inBanking and Finance
A related ... to weaker internal disciplines in avoiding low net
present value projects in particular parts of the business and in avoiding
cross-subsidization between the constituent businesses in addition...
... counterintu-
itive approach to cost cutting. Rolling out
new products, for example, intrinsically
would appear to be a sound business strat-
egy. But, particularly in a weak economy,
investing in ... signifi-
cant increase in funding costs.
Efforts to stem the tide by raising capital
and additional dividend cuts haven't entirely
succeeded. Increasingly, banks are turning to
internal costs savings ... budg-
et. But instead of terminating the commit-
ment at that point, it used the remaining
budget plus an additional investment to devel-
op better insight into managing credit risk
limits for...
... will remain the
main engine of global retail growth,
with China its main powerhouse.
While in ation is currently affecting
retail sales in volume terms, the
underlying trends of rising incomes ... seeming to have the edge. In
China, home grown pure-play online
retailers such as Alibaba Group and
E-Commerce China Dangdang will
continue to dominate. In India as well,
pure-play online ... demands were
diversifying and developing into
distinct categories. We also identied a
growing trend of traditional ofine
retailers wanting to sell online, but not
having the infrastructure, resources...
... recommendations. Findings and recommendations
relating to intersectoral action should be discussed with relevant sectors and partners before
disseminating.
HUMAN RIGHTS AND GENDER EQUALITY IN HEALTH SECTOR ...
reducing health inequities through action on the underlying determinants of health
15,16
.
Given the many inter-linkages between PHC, underlying determinants of health, a HRBA and gender
mainstreaming, ... strategies
grounded in a HRBA and provide input into health planning, involving all stakeholders.
• Enhance the ability of marginalized groups to participate actively and meaningfully in the
policy...
... shower to using the
toilet, taking medicine as prescribed,
going shopping, preparing meals, and
paying bills. Health status is defined
in terms of performing each of the 14
tasks with no difficulty, ... an internationally ac-
cepted set of activities of daily living
(ADLs) and instrumental activities of
daily living (IADLs). These range from
taking a bath or shower to using the
toilet, taking ... about the country’s shrink-
ing work force. Japanese women who
stay on the job as they marry and raise
families play an important role in help-
ing to compensate for declining num-
bers of male...
... time, any existing
Verbund business (joint business) within a Landesbank will be
incorporated into the Sparkassenzentralinstitut. Thirdly, and lastly, all
unsustainable business segments will ... leasing and consumer loans as
well as building society and insurance business. Within the framework
of a holding solution, regional building societies are thus integrated into
the SZI in the ... Sparkassenzentralinstitut (SZI)
The underlying premise is the creation of a Sparkassenzentralinstitut
(SZI) [national financial service institution] centrally providing the
Verbund business (joint business)...
... level in T and T+l, while in T+2 it is above that level. In contrast,
real credit slows down substantially
beginning in the crisis year, with the growth rate declining
by nine percentage points in ...
is the
decline
in
overhead
costs.
POLICY RESEARCH WORKING PAPER 2431
Summary findings
Much of the substantial literature on banking crises The authors find that contemporary banking crises ...
outstanding.
Since inflation
is high
following
a banking
crisis, as
documented
below, this
valuation
effect may
be substantial.
E. Interest rates
The
first interest
rate in Table...