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Multiple-Interest-Rate Analysis Demonstrates Why the IRR Pitfalls Are Irrelevant and Provides a Better Reason to Prefer NPV as an Investment Criterion
Multiple-interest-rate analysis is employed to derive a new, dual equation for NPV. The analytical device of a quantum of value enables the new...
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Macroeconomics of bank interest spreads: evidence from Brazil
Bank interest spreads in Brazil are up to ten times larger than international benchmarks. This paper shows that such high spreads can be largely...
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Objectives and theoretical foundations of the European Commission's 1999 action plan concerning the framework for financial markets
The European Commission's Financial Services Action Plan (FSAP) from 1999 is a key document in the political process of building a common framework...
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