Debt

Time-series analysis 17 Conclusion of this analysis 19 2) The relationship between FX rate and the other Canadian economy indicators 19 Official forecasts 21 APPENDIX 22 Table 1: Canadian Consumer Price Index (CPI) 22 Table 2: Federal Debt Figure 22 Table 3: Canadian Unemployment Rate 23 Table 4 A: Canadian GDP (economic output) 23 Table 4 B: Canadian GDP (Top 25 GDP per capita) 24 Table 5: Canada’s balance of payment 25 Table 6: Oneway Anova 25 Table 7: Respons FX

unions douanières cut price/rate à des prix réduits Back to English Index D damage les dégâts damage, in case of en cas d'avarie data processing l'informatique date of maturity date d'échéance debenture une obligation debit note note de débit debt une dette debt, to settle a régler une dette debtor un débiteur decision, to make a prendre une décision deeds des titres delivered at frontier (DAF) rendu à la frontière delivered duty paid (DDP) livré droits acquittés delivered duty unpaid (DDU) livré droits

de la crise a été rendue inévitable par le fait que les courtiers ayant vendu les prêts subprimes à leurs clients les avaient ensuite cédés à des banques qui avaient à leur tour transformé ces produits en titres de dette négociable ( Collateralized Debt Obligations, CDO) à l’occasion d’opérations dites de « titrisation », d’où le terme parfois utilisé de crédit « structuré ». Ces montages financiers complexes mais à haut rendement (souvent supérieurs à 20% par an) ont ensuite été diffusés dans des

managed to maintain good diplomatic relations among different countries Japan is facing serious problems at the moment, this because there is a huge short come in the welfare policies for the elderly. The country has also a 64,5 billion yen of public debt in the central and local government, but the politicians are only focusing on the economic development which leads to environmental degradation. Japans environment is at a critical state. Since the 1990s there has been some changes in the structure

It was essentially a religious contract. 3) Indentured servants were European people who wanted to go to the New World, but they didn’t have the money to go there. So, to go their they has no choice but to borrow from rich people. To pay their debt, they offer their work for a few years to those rich people, but they were not paid. The difference between the indentured servants and the slaves is that the slaves, who came from Africa, didn’t want to go to America and the indentured people wanted

         trade, business Le secteur primaire/secondaire/tertiaire                            primary/secondary/tertiary sector La dette, l’endettement (m)                                             debt Être endetté                                                                  to be in debt La croissance                                                                growth La subvention                                                                subsidy Les biens                    

program,” or “Vancouver got that amount of money.” Since our governments have been throwing money in all directions for decades, there is obviously no way to refute such arguments. But the fact that we are caught in this unending spiral of spending and debt accumulation is precisely what has brought us in today’s intolerable situation. It is the same dynamic which pits Canadians against one another in the hope of getting a share of the big pile of money which constitutes the public treasury.

* La structuration est une forme particulière de la titrisation qui introduit l’hiérarchisation parmi les titres émis. La structuration permet de moduler le contenu en risque. Des paquets de titres d’origines diverses sont créés (=Collateralized Debt Obligations ou CDO) afin d’accroitre davantage encore la diversification du produit. * L’objectif est de réduire les risques associés à la titrisation de titres non négociables portant notamment sur des crédits aux ménages. * Le fort développement

savings) but it is the credit placed which constitute the deposits. When a bank grants a credit to a not financial economic agent, a company or a household, the account of this one is increased by the amount of the credit. In return, he is put into debt by the amount of the credit. The bank provided to him bank money. The Bank borrows money to the Central Bank directly or thanks to intermediaries. These intermediaries help the lenders/savers (companies or pension fund who are too much money and want

. . . . . . . . . . . 11 e e 2 Produits d´riv´s de cr´dit e e e 2.1 Le march´ des produits d´riv´s de e e e 2.2 Les obligations risqu´es . . . . . . e 2.3 Credit default swap . . . . . . . . 2.4 Les Basket Default Swaps . . . . 2.5 Collateralized Debt Obligations . cr´dit e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15 17 18 21 23 3