Search results for "Interest"

Efficiency in the eurobond market: application of nonparametric techniques

2007

The aim of this article is to analyse the efficiency of eurobond issuers within the primary market, from 1995 to 2000. The study includes a reference to theoretical discussion and to the methodology used; detailed explanation of the variables considered which, in order to supplement those strictly financial, include others such as spread from Interest Rate Risk (IRR) and respective swap; rating, duration and size; and macroeconomic fundamentals of the issuer country. Results and conclusions obtained from the static and dynamic efficiency analyses are then illustrated and discussed.

Impact of interest rate risk on the Spanish banking sector

2010

This paper examines the exposure of the Spanish banking sector to interest rate risk. With that aim, a univariate GARCH-M model, which takes into account not only the impact of interest rate changes but also the effect of their volatility on the distribution of bank stock returns, is used. The results show that both changes and volatility of interest rates have a negative and significant impact on the stock returns of the Spanish banking industry. Moreover, there seems to be a direct relationship between the size of banking firms and their degree of interest rate sensitivity.

Linear and Nonlinear Interest Rate Exposure of Spanish Firms

2006

This paper carries out a comprehensive analysis of the interest rate risk borne by the Spanish firms on a sector basis. The traditional linear interest rate exposure model has been extended to allow for the possibility of a nonlinear exposure component as well as the presence of asymmetric behaviour in the exposure pattern. The obtained results show a significant interest rate exposure for some sectors, especially with regard to changes in the long-term interest rates. Moreover, it is documented that the linear exposure profile prevails over the asymmetric and nonlinear exposure patterns. In particular, the Construction sector is the sector that shows the highest incidence of interest rate …

Do We have a Regional Interest Rate Spread in Italy

2008

Interesterification of rapeseed oil catalysed by a low surface area tin (II) oxide heterogeneous catalyst

2018

Abstract The interesterification of rapeseed oil was performed in a batch reactor using for the first time low surface area massive tin(II) oxide as heterogeneous catalyst and methyl acetate as acyl acceptor. The effect of reaction temperature, methyl acetate to oil molar ratio and catalyst loading on the performances of the process were investigated. Yields in fatty acid methyl esters (FAMEs) and triacetin (TA) up to 90% and 70% respectively, were achieved after 4 h of reaction time at 483 K in the presence of 0.69 mol of SnO per mole of rapeseed oil using a methyl acetate to oil molar ratio of 40. Quite interestingly, the catalyst performances improved when water was added to the reaction…

REGULATION OF THE RIGHTS OF CHILDREN IN OUT-OFHOME CARE BY TRUSTEE IN LATVIAN AND INTERNATIONAL POLITICS

2015

This article provides an analysis of the way in which the Latvian regulatory framework in force determines the fulfilment of the needs of the child in out-of-home care by trustee and stability. This analysis indicates that in Latvian legislation the concept of “interests of the child” has not been clearly stated, in this regard, the Latvian legislation provides information of the rights of the child and the fulfilment of his physical needs. The concept of trustee and the existence of the concept is not mentioned. In contrast, international declarations and conventions on the topic of the protection of the rights of the child are much more humanitarian; in those documents, love and understan…

„Dyplomatyczna Republika Europy”?

2018

‘Diplomatic Republic of Europe’? Reflections on the Impact of Selected Lisbon Solutions on EU Diplomacy in a Multilateral International Environment The aim of the reflections in this article is to analyze the impact of selected institutional solutions adopted by the Treaty of Lisbon on the EU diplomacy in contemporary international relations. The article does not refer to all regulations that concern broadly defined EU External Policy, but those which, by the nature of their connections, content of competence and meaning, became the object of special interest of the treaty architects and whose implementation was to counteract deficits in continuity, coherence and leadership in EU External P…

La Directiva de Retorno y la tutela judicial efectiva

2015

Después de cierto tiempo de aplicación, la Directiva de Retorno 2008/115 contiene elementos que suscitan un especial interés por afectar a los derechos procesales fundamentales de los extranjeros nacionales de terceros Estados en situación de retorno. Pero, además, su proyección afecta a la configuración de una nueva política migratoria de la Unión Europea que supone sin temor a la exageración el verdadero reto para el siglo XXI. Una política que debe respetar los derechos básicos de los extranjeros y permitir la integración en un espacio de libertad, justicia y seguridad. El presente trabajo señala luces y sombras en el camino desarrollado por la Directiva de retorno, su transposición por …

Financiación de asociaciones: examen especial del ejercicio de actividades económicas

2019

The economic crisis has led to an increase in the funding needs of associations and at the same time, a decrease of its resources. In view of this situation, we will examine the different existing possibilities to obtain a stable financial framework and, in light of the limitations which other systems suffer from, we will conclude that implementation of economic activities will prove to be the most practical solution. However, this exercise faces the disapproval of the Administration which considers, in many cases, that said alternative leads to the loss of its declaration of public utility and subsequently the possibility of opting for the privileged tax regime inherent in Law 49/2002 on T…

Actuaciones procesales de la mujer en Roma. Prohibición edictal y literatura jurídica

2020

[Resumen] La improcedencia moral de que las mujeres usen de la palabra en el ámbito público, que se refiere a los lugares de espacio relevante como es el forum o intervengan en actos jurídicos formales, especialmente los solemnia verba, no impide que pueda intervenir procesalmente en defensa de asuntos propios y ajenos, aunque esta postulatio se traten de virilibus officiis. De esta forma la intervención de la mujer en la defensa de asuntos propios y ajenos aparece como algo poco común pero no prohibido hasta finales de la república. Un edicto de la primera mitad del s. I a. C, introduce el impedimento general de que intervenga la mujer en los procesos ajenos. La contradictoria afirmación q…