The value of a nominally constant asset (such as a bond denominated in 100 GE) must be adjusted downward because of a drop in market price. – See depreciation, valuation, debt-equity swap, factoring, unreal, fair value, market value, securities, toxic, time value. – Cf. ECB Monthly Bulletin, May 2009, p. 47 (as a result of falling share prices, households incurred valuation losses of EUR 1.5 trillion within 2008: their net financial wealth is reduced by this amount).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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