In most cases the primary objective is to price the loans at a level that gives the bank a return on the capital employed above some target rate set by management, this is sometimes referred to as the hurdle rate. Provided that this hurdle rate is equal to, or greater than, the business unit’s cost-of-equity [...]
THE CHALLENGE OF TECHNICAL ANALYSIS
Technical analysis has posed a challenge to economic analysis in its ability to predict exchange rates. As a result, considerable research has been undertaken by the economic community on how technical analysis works, both in practice and in theory. It is not for here to go through this research or literature in detail. Rather, we [...]