Debt

Université de Sfax, Tunisia  samiaomran80@yahoo.fr Une analyse de l’exposition au risque de change du portefeuille de la dette publique de la Tunisie: application de l’approche VaR An Analysis of Exchange Rate Risk Exposure Related to the Public Debt Portfolio of Tunisia: Beyond VaR Approach Résumé: L’objectif de cette étude est de mesurer le risque de change associé au portefeuille de la dette publique tunisienne en utilisant la technique de la Value At Risk. Nous utilisons des données journalières

s’ensuivra alors l’historique de la dette, pour déboucher sur la présentation du bénéfice de cette approche dans le débat actuel. 1 2 Site internet du Comité pour l’Annulation de la Dette du Tiers Monde Rapport du Jubilee Research Programme “Debt relief as if justice mattered” 3 William Easterly, « The Elusive Quest for Growth » 4 Site internet de l’Organisation des Nations Unies 3 2. Présentation de l’égalitarisme libéral 2.1. Principes de base La théorie de la justice introduite

du bénéfice net par les capitaux propres (capitaux apportés par les actionnaires et bénéfices reportés). En anglais: Return on Equity (ROE). Ratio d’endettement Définition : quotient des dettes à long terme par les capitaux propres En anglais: Debt on Equity (DOE). Rendement de l’investissement = la meilleure mesure de la rentabilité Définition : quotient du bénéfice net par le capital investi (capitaux propres + dettes à long terme). Ne tient pas compte des éléments « courants » : stocks

precisely, Stiglitz argues that the theories which guide the IMF economic policies are totaly flawed.The IMF was originally created to get things right by following Keynesian guidelines, but was after seduced by neoclassical principles. When the debt crisis started in 1982, IMF imposed structural adjustement plans( known as Consensus of Washington) on developed country. These plans caused terrible consequences for the populations and the economies of the south. This failure doesn’t result from

mauvaises notes. La notation de Moodys se dégrade régulièrement. Pour Standard&Poor's, au 30 mars 2001, la note est également sévère : "RATINGS AFFIRMED Revlon Consumer Products Corp. Corporate credit rating B- Senior secured debt B Senior unsecured debt CCC+ Subordinated debt CCC" 6) Evolution boursière Le parcours de l'action sur les douze derniers mois (sur BigCharts) est relativement stable. Sur les cinq dernières années (sur Bloomberg), le graphique montre bien la chûte de l'action. Le

death. We therefore see four possible roads on which Congress and President Obama’s new automobile industry task-force could send GM. First, it could call its loans, stand back, and let GM file for bankruptcy. Second, it could arrange for GM to do a debt-for-equity swap, along the lines that one of us recommended for financial institutions in an earlier Economists’ Voice article. Third, Congress could provide GM with the requested loans in exchange for the recent round of restructuring promises by

China: macroeconomic indicators | 2007 | 2008 | 2009 | 2010 | Economic growth (%) | 14.2 | 9.6 | 9.1 | 10.5 | Public sector balance (%GDP) | 0.6 | -0.4 | -2.8 | -3.3 | Current account balance (%GDP) | 11.0 | 9.4 | 6 | 4.9 | Foreign debt (%GDP) | 11.1 | 8.3 | 8.1 | 7.9 | Foreign exchange reserves (in months of imports) | 17.3 | 19 | 29.9 | 22.8 | Strengths: * External accounts buoyed by industrial competitiveness and diversification * Gradual move up market * Infrastructure

PREPARATORY WORK Laure Mace Double degree DUCTI/L3 LEA Dunkerque The Institute of Technology, Carlow Assignment date: 1 st December 2010 While EU leaders were coming to the aid of Greece, and the markets were in shock about the deterioration of the debt rating of Portugal. During this time, Ireland has fallen; its economic situation in a critical state. Once known as the “Celtic Tiger”, for its record of economic growth, Ireland is now in the middle of a financial tsunami. In many ways, Ireland seems

n'est-il pas considéré comme une source de financement au même titre que l'endettement bancaire et financier ou les capitaux propres dans le calcul du WACC ? Question 2: We agree that the WACC is computed as a weighted average of the after-tax cost of debt and the cost of equity. What would you use as the cost of capital if the company has a net cash position ? Question 3: Lorsque l'on doit calculer le coût de détention des actifs, quelle est la méthode pour pouvoir obtenir le taux de rémunération

raising new capital through the market for private corporate bonds. The growth in the sale of many different corporate bonds to a broad investing public generated the need for better, cheaper and more readily available information about these debtors and debt securities. In response to this development, Henry Varnum Poor first published in 1868 the Manual of the Railroads of the United States. His publication contained operating and financial statistics for the major railroad companies, and provided