Investors blindly relied on the agencies' analysis of financial constructs underpinned by subprime mortgages, many of which were engineered in such a way as to ensure AAA-rated status but subsequently defaulted anyway.
And more recently, with the implementation of smart contracts, code that is shared across the whole blockchain to execute conditionally with irrefutable results, we have the possibility to tokenize many new financial constructs on blockchains.
It would be interesting to study structural properties of financial networks constructed by our procedure and to compare them with known network models in the literature.
TBCs need financial capital for innovation, which is achieved through financial networks, another construct object of this study.
The dynamic factor model and a broad range of macro-financial variables are adopted to construct a financial stability index to measure the stability of the Malaysian financial system.
Rowe was credited with organizing the city of Annapolis's financial contribution to construct the boulevard and for persuading the Maryland State Roads Commission to finance the construction of the bridge across College Creek.
Most past efforts to construct financial services "supermarkets," notably by American Express and by Sears, Roebuck, did not last long.
For example, he said a financial planner could construct a broad portfolio of foreign stocks, while overweighting a particular region — say, Latin America or the Middle East — if the planner expected that region to thrive over the next 5 or 10 years.
"We are currently in active negotiation with Hartz to reach an acceptable financial solution and construct the hotel outside of the restrictive glide path and at the same time provide access to the station".
Brent Cheshire, chief executive of Dong Energy in the UK, said: "We are making a major financial investment to construct this giant windfarm and this underlines our commitment to the UK market.
