the achilles heel of financial systems
sheng - from asian to global financial crisis (2009)
Ngày tải lên :
01/11/2014, 19:45
... only one stage of evolution of markets There is, however, another level of history that is more powerful than the history of events – the history of economic thought Since the fall of the Berlin ... of mortgages In the first week of July, the price of oil rocketed to a peak of US$147 per barrel, sparking fears of global inflation in the midst of possible financial collapse By September the ... Global Financial Crisis The poor state of economic intelligence … The economic advisers of the day had both the unanimity and the authority to force the leaders of both parties to disavow all the...
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Báo cáo " The development of financial systems of ASEAN-5 and Vietnam: A comparative analysis " potx
Ngày tải lên :
14/03/2014, 17:20
... differences in the process of reforming the financial system of ASEAN-5 and Vietnam, thereby makes some evaluation on the stage of financial development of Vietnam in comparison to those of ASEAN-5 ... far as the development of financial scale is concerned, the ASEAN-5 financial systems were about ten times as large, with the total financial assets of 80% of GDP on average In Vietnam, financial ... financial systems can develop in terms of size but also in terms of the efficiency in which they intermediate funds Financial development in terms of size (financial 64 N.P Ha / VNU Journal of...
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stiglitz - the stiglitz report; reforming the international monetary and financial systems in the wake of the global crisis (2010)
Ngày tải lên :
01/11/2014, 19:46
... different THE ESTABLISHMENT OF THE COMMISSION The United Nations was the one international organization with the legitimacy to bring all the countries of the world together The President of the General ... follow from their having to reflect their "official" positions At the same time, the close connections between many of the members of the Commission and "officialdom" facilitated the work of the Commission ... in these countries in the end funded the bailouts-repaying, with interest, the IMF and others who had come to the rescue of the banks And then they had made money once again in the rescue, in the...
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Financial Frictions and Total Factor Productivity: Accounting for the Real Effects of Financial Crises pot
Ngày tải lên :
15/03/2014, 22:20
... because of the rate of growth of the price of tradable goods, which enters in the definition of the gross interest rate which governs the size of the wedge between the producer and user cost of intermediate ... depreciation The sudden stop episodes studied include the Latin American debt crises of the 1980s, the Mexican crisis of the first half of the 1990s and the East Asian and Russian crises of the late ... t (8) using the value of final goods, the sum of all value added and the total income in the economy respectively The last term in equation (8) is the income of the intermediary in the current...
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the professional handbook of financial risk management (kpmg)
Ngày tải lên :
04/06/2014, 13:17
... specified amount of a specified commodity – the underlying asset – to the other at a specified date in the future (the The Professional’s Handbook of Financial Risk Management maturity date of the contract) ... at the exercise price The amount of the underlying asset is called the notional principal or underlying amount The price of the option contract is called the option premium The issuer of the ... option is the larger of the exercise price minus the current asset price or zero The intrinsic value of a put is the larger of the current asset price minus the exercise or zero Denoting the exercise...
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Báo cáo hóa học: "Research Article A Complement to the Fredholm Theory of Elliptic Systems on Bounded Domains" pdf
Ngày tải lên :
21/06/2014, 20:20
... proof of Lemma 1.3 is given in Section Based on the method of proof and the validity of Theorem 1.1 for systems after suitable modifications of the definition of Tp,k in 1.3 and of the hypotheses ... derive the case κ from the case κ ≥ by regularization of the coefficients and stability of the Fredholm index The major obstacle in doing so is the mere CM regularity of ∂Ω, since Theorem 1.1 with κ ... ellipticity hypotheses such as strong ellipticity and/or less general boundary conditions Agmon , Browder , Denk et al 8, Theorem 8.2, page 102 The idea of the proof of Theorem 1.2 is to derive the case...
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Báo cáo hóa học: " Letter to the Editor A Further Result about “On the Channel Capacity of Multiantenna Systems with Nakagami Fading”" potx
Ngày tải lên :
22/06/2014, 19:20
... Senior Lecturer in the School of Mathematics, University of Manchester, UK His research interests include climate modeling, extreme value theory, distribution theory, information theory, sampling ... Department of Engineering Management and Systems Engineering, the George Washington University, Washington, DC, USA He is the Senior Co-editor-in-Chief of the thirteen-volume Encyclopedia of Statistical ... Coauthor of over 300 papers on statistical methodology and theory, 25 books in the field of statistics and quality control, three Russian-English scientific dictionaries, and Coauthor of the often-cited...
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Báo cáo hóa học: " On the Channel Capacity of Multiantenna Systems with Nakagami Fading" pot
Ngày tải lên :
22/06/2014, 23:20
... knowledge of the instantaneous channel parameters, while the transmitter is not aware of the information about the channel parameters In the following, we will describe the statistical property of the ... for the channel capacity of the Nakagami fading channels The conservativeness of the lower bound comes from the diagonal assumption on Q If, on the other hand, Q is nondiagonal, some kind of knowledge, ... in the space of the fading matrix A The set is the largest possible set for which CΘ , the capacity of the compound channel with parameter A ∈ ΘR , satisfies CΘ ≥ R The outage probability is then...
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Báo cáo toán học: "Bounding the partition function of spin-systems" ppsx
Ngày tải lên :
07/08/2014, 13:21
... product over the vertices of G of the weights of the spins times the product over the edges of G of the weights of the spin-pairs In this language Z W (G) is the partition function of the the electronic ... think of the weights λ·,uv as a measure of the likelihood of seeing the different spin-pairs across the edge uv The probability of a particular spin configuration is thus proportional to the product ... think of {1, , m} as the set of possible spins that a particle may take For each v ∈ V we think of the weights λ·,v as a measure of the likelihood of seeing the different spins at v; furthermore,...
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jonung (eds.) - the great financial crisis in finland and sweden; the nordic experience of financial liberalization (2009)
Ngày tải lên :
03/11/2014, 17:30
... states that the Nordic record of financial integration and of the financial crises of the 1980s and 1990s adds to our understanding of the causes and consequences of financial crises The financial ... investigate the character, causes and aftermath of the huge unemployment of the 1990s in Finland and Sweden They ask whether the current high unemployment is a legacy of the crises of the 1990s ... the crisis of the 1990s in Finland and Sweden?’, Thomas Hagberg and Lars Jonung set the crisis of the 1990s in a historical perspective by comparing the cost of the crisis of the 1990s with the...
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fisher - how to smell a rat; the five signs of financial fraud (2009)
Ngày tải lên :
04/11/2014, 05:30
... notorious, try these MEET THE EMBEZZLERS • Ponzi’s Scheme: The True Story of a Financial Legend by Mitchell Zuckoff (Random House 2006) • Ponzi: The Incredible True Story of the King of Financial ... cover the difference—out of his own pocket!9 He didn’t take care of clients He just took them to the cleaners And the theme repeats through history • Kirk Wright rocked the NFL—ripping off former ... knowing how they operate No matter what the window dressing, no matter the psychological ploys, the rat’s fundamental operation is the same They sell themselves as chief decision maker Then they have...
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The Future of Wireless Banking Implementation of Wireless Banking and Financial Systems
Ngày tải lên :
26/10/2013, 16:15
... only to define the layouts of the screen They are device specific The Future of Wireless Banking Ron Ghani 4- Trans-coding, is it magic? Transforming is the process of formatting the content (data) ... handheld’s request to the application server (middleware) The application server will then know the device type by it’s identifier The information will be sent to the backend system of the financial institute, ... presentation in the proof of concept stage The Wireless Application Server is not an Internet server nor an extension to the Internet: The explosion of the wireless application industry in the last...
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gai - systemic risk; the dynamics of modern financial systems (2013)
Ngày tải lên :
01/11/2014, 18:15
... region, the size of the giant vulnerable cluster corresponds closely to the size of the connected component of the network, meaning that the fraction of the network affected by episodes of contagion ... Adjustment of Balance Sheets A weakness of the analysis in Chapters and is that the underlying topology of interactions and the balance sheets of the intermediaries in the network are static The credit ... on the willingness of investors to accept those products without due diligence The model highlights the key role played by the relative payoffs from taking on the asset, the structure of the...
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technical and financial comparison of giant freshwater prawn (macrobrachium rosenbergii) farming systems in the flooding areas of the mekong delta
Ngày tải lên :
18/11/2015, 18:47
... feed FCR of the systems were different based on type of feed and the average FCR of prawn farming systems was 3.2±2.1 Farmers of system used the highest amount of home – made feed, caused the total ... spines; The movable finger of the second chelipeds of the adult male is covered by a dense velvet-like fur (except the extreme tip) but this fur is absent from the fixed finger and the rest of the ... describe the farming systems of prawn in the rice field in the study areas; To analyze technical and financial aspects of the farming systems and farmers‟ perceptions on the farming of prawn; and To...
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The theory of financial intermediation: An essay on what it does (not) explain
Ngày tải lên :
24/10/2012, 09:11
... by a further extension of the present theory, by the framework of the agency theory and the theory of asymmetric information The question goes into the heart of the present theory, into the paradigm ... practical and a theoretical point of view The theory is impressive by the multitude of applications in the financial world of the agency theory and the theory of asymmetric information, of adverse ... review the doctrines of the theory of financial intermediation.2 These are specifications, relevant to the financial services industry, of the agency theory, and the theory of imperfect or asymmetric...
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A TRANSLATION QUALITY ASSESSMENT OF THE VIETNAMESE VERSION OF US FINANCIAL & ACCOUNTING APPLICATION SOFTWARE
Ngày tải lên :
07/09/2013, 13:06
... high density of terminology Therefore, the focus of the comparison will be on (1) the translation of the topic and (2) how the translators handle the translation of different groups of terminology ... consists of transferring the meaning of the source language into the receptor language This is done by going from the form of the first language to the form of a second language by way of semantic ... II analyzes the source language text with focus on the pragmatic accuracy, or in other word the accuracy of meaning in context, of the US F& A application software The emphasis of the analysis...
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Globalization: the Role of Institution Building in the Financial Sector _ The Case Study of China
Ngày tải lên :
18/10/2013, 07:15
... the rapid growth of M2/GDP ratio is the consequence of financial deepening and a reflection of the unique feature of the structure of financial assets 18 Appendix Tables: Table Structure of Financial ... summary, the deepening process of the financial markets has rendered the dominance of the banking sector in the financial system At the same time, opening of markets and reforms have contributed to the ... scope and at the same time expose the domestic financial market to the impact of the global financial markets, whether positive or negative B The role of FDI in institution building Over the past...
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The Political Economy of Distress in East Asian Financial Institutions
Ngày tải lên :
18/10/2013, 08:15
... investigate the role of these connections in causing and resolving financial institutions’ distress Furthermore, the general causes of the East Asian financial crisis have been the subject of intense ... survey of the early wave of the literature): on the basis of a set of financial ratios, reflecting the different dimensions of a CAMEL rating system, the statistically best subset of variables ... loss of confidence in the East Asian countries, aggravating the financial crisis The rest of the paper is organized as follows: section provides the motivation and reviews the literature on financial...
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Tài liệu Financial Systems and Auditing Test of Control ppt
Ngày tải lên :
22/12/2013, 15:15
... of authorization of all adjustments to payables ledger Payables ledger control account Evidence of review of reconciliation of purchase ledger listing Evidence of authorization of adjustments to ... Approval of purchase invoice for further processing Examples of Control Test…cont Documents Test For Credit Note Evidence of matching credit notes to goods returned notes Payable ledger Evidence of ... from the original order through to the Accounts • Quality is checked as goods arrive, and any problem led back to Supplier Examples of Control Test Documents Test For Purchase Order Evidence of...
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Tài liệu The and Social EffEconomic ects of Financial Liberalization: A Primer for Developing Countries pdf
Ngày tải lên :
23/12/2013, 13:15
... ensure returns; The withdrawal of the state from the activity of financial intermediation with the conversion of the “development banks” into regular banks and the privatization of the publicly owned ... interests privilege the role of markets, the presence of the state as regulator and the interventionist activity of the state can be seen as de-legitimizing the role of finance, which is another reason ... controlled by the monetary authorities Rather, the actual liquidity in the system is endogenously determined Therefore, the real monetary variable in the hands of the government is the interest...
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