Investment in assets seen as inflation-proof will rise

Significance Traditionally, a balanced portfolio mix of 60% stocks against 40% bonds and cash offered investors some protection against inflation. However, recent periods when equities and bonds have fallen in tandem have encouraged investors to assess other assets' resilience to inflation. Impacts Demand for different inflation hedges will vary according to investors’ timeframes and risk tolerances. While rising inflation can affect the purchasing power of assets, an offsetting positive is that it can also reduce the real value of debt. If inflation eases faster than expected this year, demand for inflation hedges will fall.

Significance The move confirms long-held suspicions that the BoZ is subject to considerable political interference, which has increased as COVID-19 exacerbates the economic pressure on the ruling Patriotic Front (PF) government. Similar concerns have been raised to differing degrees about Nigeria and Zimbabwe. Impacts Rising inflation will be compounded by looser monetary policy, eroding the real value of wages over time, increasing food staple costs. Weakening central bank oversight could lead to greater diversion of COVID-19 relief funds. In the absence of international financial assistance, Lungu will find it extremely difficult to revive his flagging popularity.


1977 ◽  
Vol 81 ◽  
pp. 72-76 ◽  
Author(s):  
G.F. Ray

This article traces the course of world commodity prices back to the middle of the 19th century and attempts to assess the changes in their purchasing value by deflating them by the export prices of manufactured goods. The purchasing power of commodity prices was in decline over long periods but they usually regained their earlier real value, or improved on it, in powerful upsurges of which the 1972-74 boom was the most recent; it was also unique in peacetime and, though with fluctuations, the purchasing value of commodities has since remained at a relatively high level.


1974 ◽  
Vol 101 (3) ◽  
pp. 353-403 ◽  
Author(s):  
P. W. Parker ◽  
P. M. D. Gibbs

A time-honoured convention in accounting has been that accounts should be based on the principle of historic cost, namely that all items should be recorded in terms of the purchasing power of the pound at the date of each transaction. This convention has the virtue that the accounts are based largely on factual monetary transactions and fewer items need be determined subjectively. It is a valid convention so long as the value of money remains constant, but in a period of inflation, accounts drawn up on this basis become distorted, and the higher the rate of inflation the greater the distortion. For example, amounts based on historic cost which are set aside for depreciation of plant and machinery will, in a period of rapid inflation, be totally inadequate either to provide funds for the eventual replacement of those assets or to maintain the real value of the shareholders' original capital investment. Similarly profits are overstated by the inclusion of profits on stock which arise solely from a general increase in price levels. Again, no account is taken of the real cost of holding cash or other monetary assets when money is losing its purchasing power. Conversely, no credit is taken for the gain derived from having borrowed money, when the liability for repayment of the loan is in real terms reduced.


2006 ◽  
Vol 45 (01) ◽  
pp. 57-61
Author(s):  
M. Puille ◽  
D. Steiner ◽  
R. Bauer ◽  
R. Klett

Summary Aim: Multiple procedures for the quantification of activity leakage in radiation synovectomy of the knee joint have been described in the literature. We compared these procedures considering the real conditions of dispersion and absorption using a corpse phantom. Methods: We simulated different distributions of the activity in the knee joint and a different extra-articular spread into the inguinal lymph nodes. The activity was measured with a gammacamera. Activity leakage was calculated by measuring the retention in the knee joint only using an anterior view, using the geometric mean of anterior and posterior views, or using the sum of anterior and posterior views. The same procedures were used to quantify the activity leakage by measuring the activity spread into the inguinal lymph nodes. In addition, the influence of scattered rays was evaluated. Results: For several procedures we found an excellent association with the real activity leakage, shown by an r² between 0.97 and 0.98. When the real value of the leakage is needed, e. g. in dosimetric studies, simultaneously measuring of knee activity and activity in the inguinal lymph nodes in anterior and posterior views and calculation of the geometric mean with exclusion of the scatter rays was found to be the procedure of choice. Conclusion: When measuring of activity leakage is used for dosimetric calculations, the above-described procedure should be used. When the real value of the leakage is not necessary, e. g. for comparing different therapeutic modalities, several of the procedures can be considered as being equivalent.


2012 ◽  
Author(s):  
Stacey E. Jacobsen ◽  
Irina Stefanescu ◽  
Xiaoyun Yu
Keyword(s):  
The Real ◽  

2014 ◽  
Vol 22 (1) ◽  
pp. 24-41 ◽  
Author(s):  
Deepa Mani ◽  
Kim-Kwang Raymond Choo ◽  
Sameera Mubarak

Purpose – Opportunities for malicious cyber activities have expanded with the globalisation and advancements in information and communication technology. Such activities will increasingly affect the security of businesses with online presence and/or connected to the internet. Although the real estate sector is a potential attack vector for and target of malicious cyber activities, it is an understudied industry. This paper aims to contribute to a better understanding of the information security threats, awareness, and risk management standards currently employed by the real estate sector in South Australia. Design/methodology/approach – The current study comprises both quantitative and qualitative methodologies, which include 20 survey questionnaires and 20 face-to-face interviews conducted in South Australia. Findings – There is a lack of understanding about the true magnitude of malicious cyber activities and its impact on the real estate sector, as illustrated in the findings of 40 real estate organisations in South Australia. The findings and the escalating complexities of the online environment underscore the need for regular ongoing training programs for basic online security (including new cybercrime trends) and the promotion of a culture of information security (e.g. when using smart mobile devices to store and access sensitive data) among staff. Such initiatives will enable staff employed in the (South Australian) real estate sector to maintain the current knowledge of the latest cybercrime activities and the best cyber security protection measures available. Originality/value – This is the first academic study focusing on the real estate organisations in South Australia. The findings will contribute to the evidence on the information security threats faced by the sector as well as in develop sector-specific information security risk management guidelines.


1979 ◽  
Vol 33 (2) ◽  
pp. 166-170 ◽  
Author(s):  
G. L. Walden ◽  
J. D. Winefordner

The use of ellipsoidal and parabolic mirrors to increase the collection efficiency of sample luminescence is demonstrated for small volume samples. The results indicate that the real value of such systems is in the cases in which dilution to larger volumes is not desirable.


2015 ◽  
Vol 77 (3) ◽  
pp. 679-691 ◽  
Author(s):  
Robert Jubb
Keyword(s):  
The Real ◽  

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yannis Steffen Oetken ◽  
Christian Hofstadler ◽  
Felix Meckmann

PurposeThe individual levels involved in real estate management are thoroughly discussed in the literature. This paper provides a structured meta-analysis of the different theoretical approaches in German-speaking countries. It also investigates the integration of transaction management and technical due diligence into the concepts of organisation theory. In this process, the interfaces are analysed and optimised models are developed for transferring the technical due diligence findings to the operational level.Design/methodology/approachInterviews with transaction management experts were conducted based on a narrative literature review. These interviews shed light on how the components of transaction management and due diligence are integrated into the transaction process, with a particular focus on technical due diligence. They also provide insights into how the related results are taken into account in relation to the transaction, and how they are transferred into the operational phase.FindingsIt becomes apparent that the role of transaction management is not clearly defined and delimited in the structural model of the real estate industry. Technical due diligence findings are usually transferred to the operation of the property via several, manual interfaces with corresponding losses of knowledge. The related models derived and developed for the purpose of operational optimisation define the role of transaction management against a technical background and identify the interfaces to be considered.Practical implicationsThe significance of transaction management for subsequent operations is discussed and elaborated on. More specifically, transferring safety-relevant, high-priority findings from the technical due diligence exercise plays a crucial role for the modelling stage. On the implementation level, the derived models serve as a basis for customising the internal organisational structure.Originality/valueIn Germany, there has hardly been any research into the involvement of technical experts in the real estate transaction process to date. This paper provides initial approaches to optimising organisational structures and sustainably integrating technical due diligence findings into real estate operations.


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