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Moodys Email From Jay Siegel Regarding Second Liens Ios, Jay Siegel, Marjan Riggi Aug 2005

Moodys Email From Jay Siegel Regarding Second Liens Ios, Jay Siegel, Marjan Riggi

Documents

No abstract provided.


Altius I Funding Cdo Offering Circular, Goldman Sachs Aug 2005

Altius I Funding Cdo Offering Circular, Goldman Sachs

Documents

This offering circular serves the interest of Altius I Funding and Goldman Sachs.


Inference With Weak Instruments, Donald W.K. Andrews, James H. Stock Aug 2005

Inference With Weak Instruments, Donald W.K. Andrews, James H. Stock

Cowles Foundation Discussion Papers

This paper reviews recent developments in methods for dealing with weak instruments (IVs) in IV regression models. The focus is more on tests (and confidence intervals derived from tests) than estimators. The paper also presents new testing results under “many weak IV asymptotics,” which are relevant when the number of IVs is large and the coefficients on the IVs are relatively small. Asymptotic power envelopes for invariant tests are established. Power comparisons of the conditional likelihood ratio (CLR), Anderson-Rubin, and Lagrange multiplier tests are made. Numerical results show that the CLR test is on the asymptotic power envelope. This holds …


Glacier Funding Iii Cdo Offering Circular, Merrill Lynch International Jul 2005

Glacier Funding Iii Cdo Offering Circular, Merrill Lynch International

Documents

This offering circular serves the interest of Glacier Funding and Merrill Lynch.


Toward Greater Financial Stability: A Private Sector Perspective, Counterparty Risk Management Policy Group Ii, Gerald E. Corrigan Jul 2005

Toward Greater Financial Stability: A Private Sector Perspective, Counterparty Risk Management Policy Group Ii, Gerald E. Corrigan

Documents

No abstract provided.


Aig Email From Forster Regarding Topics To Discuss, Andrew Forster Jul 2005

Aig Email From Forster Regarding Topics To Discuss, Andrew Forster

Documents

No abstract provided.


Fannie Mae Single Family Guaranty Business Stratigic Review Summary, Federal National Mortgage Association (Fannie Mae) Jul 2005

Fannie Mae Single Family Guaranty Business Stratigic Review Summary, Federal National Mortgage Association (Fannie Mae)

Documents

No abstract provided.


Fannie Mae Ceo Report Dan Mudd, Daniel Mudd Jul 2005

Fannie Mae Ceo Report Dan Mudd, Daniel Mudd

Documents

No abstract provided.


Minutes Of The Meeting Of The Board Of Directors Of Fannie Mae 7-19-2005, Federal National Mortgage Association (Fannie Mae) Jul 2005

Minutes Of The Meeting Of The Board Of Directors Of Fannie Mae 7-19-2005, Federal National Mortgage Association (Fannie Mae)

Documents

Present at this meeting were the following members of Fannie Mae's Board of Directors: Mr. Ashley, Mr. Duberstein, Mr. Gerrit, Ms. Korologos, Mr. Malek, Mr. Mudd, Mr. Pickett, Ms. Rahl, Ms. Smith, Mr. Swygert, and Mr. Wulff. Mss. Wilkinson, Hinrichs and Reddy and Messrs. Williams, Weber, and Senhauser of Fannie Mae were also present. Mr. Joffe of Cravath of Swaine & Moore LLP, who served as legal counsel for non management members of the Fannie Mae Board was also present during this meeting.


Interim Chief Risk Officer Report Fannie Mae Board Of Directors Meeting, Federal National Mortgage Association (Fannie Mae) Jul 2005

Interim Chief Risk Officer Report Fannie Mae Board Of Directors Meeting, Federal National Mortgage Association (Fannie Mae)

Documents

No abstract provided.


Fannie Mae Maximizing Shareholder Value Board Presentation, Federal National Mortgage Association (Fannie Mae) Jul 2005

Fannie Mae Maximizing Shareholder Value Board Presentation, Federal National Mortgage Association (Fannie Mae)

Documents

No abstract provided.


Letter From Brian Graham To Members Of The Board Of Directors Of Fannie Mae Re Background Reading For Strategic Retreat, Brian Graham Jul 2005

Letter From Brian Graham To Members Of The Board Of Directors Of Fannie Mae Re Background Reading For Strategic Retreat, Brian Graham

Documents

This letter is addressed to the Members of the Board of Directors of Fannie Mae


Farm Productivity And Market Structure. Evidence From Cotton Reforms In Zambia, Irene Brambilla, Guido G. Porto Jul 2005

Farm Productivity And Market Structure. Evidence From Cotton Reforms In Zambia, Irene Brambilla, Guido G. Porto

Discussion Papers

No abstract provided.


What’S Psychology Worth? A Field Experiment In The Consumer Credit Market, Marianne Bertrand, Dean S. Karlan, Sendhil Mullainathan, Eldar Shafir Jul 2005

What’S Psychology Worth? A Field Experiment In The Consumer Credit Market, Marianne Bertrand, Dean S. Karlan, Sendhil Mullainathan, Eldar Shafir

Discussion Papers

No abstract provided.


Political Selection And The Quality Of Government: Evidence From South India, Timothy Besley, Rohini Pande, Vijayendra Rao Jul 2005

Political Selection And The Quality Of Government: Evidence From South India, Timothy Besley, Rohini Pande, Vijayendra Rao

Discussion Papers

No abstract provided.


Chinese Manufacturing Performance In Comparative Perspective, 1980-2002, Adam Szirmai, Ruoen Ren, Manyin Bai Jul 2005

Chinese Manufacturing Performance In Comparative Perspective, 1980-2002, Adam Szirmai, Ruoen Ren, Manyin Bai

Discussion Papers

No abstract provided.


Tying Odysseus To The Mast: Evidence From A Commitment Savings Product In The Philippines, Nava Ashraf, Dean S. Karlan, Wesley Yin Jul 2005

Tying Odysseus To The Mast: Evidence From A Commitment Savings Product In The Philippines, Nava Ashraf, Dean S. Karlan, Wesley Yin

Discussion Papers

No abstract provided.


Jupiter High-Grade Iii Cdo Term Sheet, Merrill Lynch International Jul 2005

Jupiter High-Grade Iii Cdo Term Sheet, Merrill Lynch International

Documents

No abstract provided.


Robust Monopoly Pricing, Dirk Bergemann, Karl Schlag Jul 2005

Robust Monopoly Pricing, Dirk Bergemann, Karl Schlag

Cowles Foundation Discussion Papers

We consider a robust version of the classic problem of optimal monopoly pricing with incomplete information. In the robust version of the problem the seller only knows that demand will be in a neighborhood of a given model distribution. We characterize the optimal pricing policy under two distinct, but related, decision criteria with multiple priors: (i) maximin expected utility and (ii) minimax expected regret. While the classic monopoly policy and the maximin criterion yield a single deterministic price, minimax regret always prescribes a random pricing policy, or equivalently, a multi-item menu policy. The resulting optimal pricing policy under either criterion …


Competition, Consumer Welfare, And The Social Cost Of Monopoly, Yoon-Ho Alex Lee, Donald J. Brown Jul 2005

Competition, Consumer Welfare, And The Social Cost Of Monopoly, Yoon-Ho Alex Lee, Donald J. Brown

Cowles Foundation Discussion Papers

Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost metric where the benchmark is the Pareto optimal state of the economy that uses the least amount of resources, consistent with consumers’ utility levels in the monopolized state. If the primary goal of antitrust policy is the enhancement of consumer welfare, then the proper …


Branch Rickey’S Equation Fifty Years Later, Ray C. Fair, Danielle Catambay Jul 2005

Branch Rickey’S Equation Fifty Years Later, Ray C. Fair, Danielle Catambay

Cowles Foundation Discussion Papers

This paper analyzes Branch Rickey’s 1954 equation in a regression context. The results for 1934–1953 are consistent with Rickey’s conclusions, and the equation holds up well when extended 51 years. Two of the main conclusions are that on-base percentage dominates batting average and that offense and defense are equally important. Perhaps Rickey was as good as he thought he was?


Robust Monopoly Pricing, Dirk Bergemann, Karl Schlag Jul 2005

Robust Monopoly Pricing, Dirk Bergemann, Karl Schlag

Cowles Foundation Discussion Papers

We consider a robust version of the classic problem of optimal monopoly pricing with incomplete information. In the robust version, the seller faces model uncertainty and only knows that the true demand distribution is in the neighborhood of a given model distribution. We characterize the optimal pricing policy under two distinct, but related, decision criteria with multiple priors: (i) maximin expected utility and (ii) minimax expected regret. The resulting optimal pricing policy under either criterion yields a robust policy to the model uncertainty. While the classic monopoly policy and the maximin criterion yield a single deterministic price, minimax regret always …


Robust Monopoly Pricing: The Case Of Regret, Dirk Bergemann, Karl Schlag Jul 2005

Robust Monopoly Pricing: The Case Of Regret, Dirk Bergemann, Karl Schlag

Cowles Foundation Discussion Papers

We consider a robust version of the classic problem of optimal monopoly pricing with incomplete information. The robust version of the problem is distinct in two aspects: (i) the seller minimizes regret rather than maximizes revenue, and (ii) the seller only knows that the true distribution of the valuations is in a neighborhood of a given model distribution. We characterize the robust pricing policy as the solution to a minimax problem for small and large neighborhoods. In contrast to the classic monopoly policy, which is a single deterministic price, the robust policy is always a random pricing policy, or equivalently, …


Glacier Funding Iii Cdo Term Sheet, Merrill Lynch International Jul 2005

Glacier Funding Iii Cdo Term Sheet, Merrill Lynch International

Documents

No abstract provided.


Jupiter High-Grade Iii Cdo Pitchbook, Maxim Advisory Llc Jul 2005

Jupiter High-Grade Iii Cdo Pitchbook, Maxim Advisory Llc

Documents

No abstract provided.


Moody's Derivatives Organizational Chart Americas, July 2005, Moody's Investor Service Jul 2005

Moody's Derivatives Organizational Chart Americas, July 2005, Moody's Investor Service

Documents

No abstract provided.


Fannie Mae Project Phineas Presentation To The Board Of Directors, Citigroup, Inc. Jul 2005

Fannie Mae Project Phineas Presentation To The Board Of Directors, Citigroup, Inc.

Documents

No abstract provided.


The Politic 2005 Summer, The Politic, Inc. Jul 2005

The Politic 2005 Summer, The Politic, Inc.

The Politic

No abstract provided.


Abacus 2005-3 Cdo Offering Circular, Goldman Sachs Jul 2005

Abacus 2005-3 Cdo Offering Circular, Goldman Sachs

Documents

This offering circular serves the interest of Abacus 2005-3 and Goldman Sachs.


Frbny Risk Assesssment Program For Jpmorgan Risk-Focused Supervisory Documents, Federal Reserve System: Federal Reserve Bank Of New York: J.P. Morgan Chase Relationship Team Jun 2005

Frbny Risk Assesssment Program For Jpmorgan Risk-Focused Supervisory Documents, Federal Reserve System: Federal Reserve Bank Of New York: J.P. Morgan Chase Relationship Team

Documents

No abstract provided.