the role of monoline financial guarantors

... illustrates the main structural, theoretical and incentive-related policy implications of circuit theory of finance Section I.2 discusses the special role of the financial system as the core of the circuit ... DC: The World Bank) Chernow, Ron, 1997, The Death of the Banker The Decline and the Fall of the Great Financial Dynasties The Triumph of the Small Investor (New York: Vintage Books, a Division of ... can be gained by further exploring the implications of the time dimension in the economic process This will be one of the undertakings of this paper The paper analyzes the role of finance for economic...

Ngày tải lên: 24/10/2012, 09:33

... 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...

Ngày tải lên: 18/10/2013, 07:15

... Payments The Role of Post Offices in International Remittances The Role of Post Offices in Savings The Role of Post Offices in Credit 21 The Need to Reform the Postal Networks and Postal Financial ... was the case for data on the role of the postal networks in cashless payment systems, the significance of the postal financial services compared to monetary aggregates, and the details of the financial ... agreement with the post office All of these entities are state-owned, but only about half of them are regulated by the respective Central Bank In the other 50 percent of the countries, the financial...

Ngày tải lên: 15/03/2014, 10:20

... provides them with training The amount of each loan is decided on the basis of the borrower’s investment need and their ability to repay The amount of the first loan does not exceed US$ 750 and the ... concentrate on the analysis of the creditworthiness and the repayment capacity of their clients, a domain where they have a high level of expertise, while savings banks could make use of their front ... and channelling more of the remittances into the financial system and intermediating the flow of the resources, savings banks contribute to leveraging the positive impact of these transfers In several...

Ngày tải lên: 15/03/2014, 10:20

... parameterizations of the model Movements in margins, however, depend on the parametrization of the model More precisely, they depend on the amount of funds compared to deposits17 , and on the degree of monopoly ... results confirm the relevance of the minimum variance portfolio theory of dollarization Fourth, higher degree of openness leads to higher corporate loan dollarization The remainder of the paper is ... does a transfer for the loan manager to cover the gain or loss given the realizations of M such that the net profit of the loan aggregator is zero The insurance mechanism, or the transfer, is provided...

Ngày tải lên: 22/03/2014, 23:20

... system works, and the extent to which it is inclusive of the poor THE ROLE OF THE FINANCIAL SERVICES SECTOR in Expanding Economic Opportunity There is enormous variation in the roles companies ... occurring in this field THE ROLE OF THE FINANCIAL SERVICES SECTOR in Expanding Economic Opportunity I The Role of the Financial Services Sector in Expanding Economic Opportunity Financial services ... poverty.1,2 The financial services sector is the largest in the BOX THE ROLE OF LOCAL FINANCIAL INSTITUTIONS world in terms of earnings, comprised of a wide While an in-depth discussion is outside the...

Ngày tải lên: 29/03/2014, 08:20

... in the case of unsecured debt is then 50 % A check of the calibration of the calculations delivers the following: the total recovery equals 50 %; the annual likelihood of default is 16 %, therefore ... June 2012 Initially, the solution of the European Debt Crisis was naturally seen as a task of the governments of the members of the Euro-Area While throughout the Worldwide Financial Crisis it ... is explicitly not the task of the European Central Bank to support the governments of the member countries of the Euro-Area in financing their budgets According to the Treaty the European Central...

Ngày tải lên: 01/11/2014, 12:17

... exclusion and stagnation, as happened in the 1930s and is happening again Core Thesis The core thesis of the book is that the roots of the financial crisis of 2008 and the Great Recession can be traced ... (1992) wrote a book titled The End of History and the 20 Origins of the Great Recession Last Man The thesis was that the fall of the Wall marked the absolute triumph of liberal market democracy ... overstated Instead, the fall of the Wall marked the end of a chapter of history Viewed in this more modest light, the Great Recession may mark the end of another chapter The financial crisis and Great...

Ngày tải lên: 01/11/2014, 13:32

... the relationship and social stability of the group Situational leadership The approach considers the effectiveness of a leader to depend on some specific situations, the nature of the work, the ... the employees The target population of the study included the employees in Ho Chi Minh City currently working in the industry of retailing and financial services In summary, the combination of ... types of organizational commitment, the outcomes, the findings, and the level of influence However, they also proposed the required ranking from affective commitment as the leading factor, then other...

Ngày tải lên: 01/06/2015, 20:09

... on the above reasoning, the thesis research questions have been articulated The following questions guide the analysis of the role of microfinance in financial inclusion in the thesis (I) How the ... RRBs also catered more to the richer segments of the rural population (Basu,2006) A number of committees34 examined the causes of the financial woes of RRBs As part of the financial sector reforms, ... percent of the households remained financially excluded44 1.6 Research Questions The purpose of the thesis is to assess the two models of microfinance prevalent in India, the SBLP Model and the MFI...

Ngày tải lên: 10/09/2015, 15:51

... who are truthful and demonstrate regard for their own  outcomes and those of others • Moderately Politicized Area – greater acceptance of behind­ the scenes tactics so long as the goals of the group are  achieved ... Outline  Role of Power  Rules for Using Power Role of Power  Power defined:  • Ability or official capacity to exercise control;  authority • Ability to influence or control others  Sources of Power ... Find the Soft Spot  Encourage others to open up • Gain disclosure of something private or  personal about your counterpart • Expression of trust  Identify true motivations and sources  of objections...

Ngày tải lên: 22/08/2012, 22:07

... such professional colleagues on the world The Association has the role of coordinating the activities of the members in order to protect the interests of the members and improve the position of Vietnam ... to the realization of the objectives and duties of the Association, may be invited to join the Association as Honorary members In general, this stipulation on the membership in the Statue of the ... expanding With their experiences, they have learned the value of offering quality services In the way of growing, they have also open branches to establish a worldwide presence These companies...

Ngày tải lên: 27/10/2012, 16:42

... where the consequences of infection can be very severe, while the risk of living with one’s beloved cat is practically nill References Angulo FJ, Glaser CA, Juranek DD et al Caring for pets of immunocompromised ... with the human immunodeficiency virus Clin Infect Dis.1994;18:14-24 Han K, Shin DW, Lee TY, et al Seroprevalence of Toxoplasma gondii infection and risk factors associated with seropositivity of ... 94: 963-965 Grant S and Olsen CW Preventing zoonotic diseases in immunocompromised persons: the role of physicians and veterinarians Emerg Infect Dis 1999; 5: 159-163 http://www.medsci.org ...

Ngày tải lên: 03/11/2012, 11:06

... and English at the expense of the other languages that exist in the country, the adult language program in Botswana maintains the hegemony and the gap between the poor and the rich, the major and ... improve the quality of life of the poor and rural people adult education programs should include as one of its components the observation and imitation of the artisans and other skilled persons in the ... for the betterment of their conditions It could mobilize the so called minorities to oppose their status and challenge the hegemony of the majority communities in Botswana 31 In most parts of the...

Ngày tải lên: 05/11/2012, 16:27

... sells the transaction to the acquire and is reimbursed the amount of the sales ticket by the acquirer (4) - The acquirer then summits the ticket to the issuer for payment, via the ICO interchange ... maintaining the flow of funds and information between issuing and acquiring members The exchange of financial information is called clearing The exchange of the actual funds for the transaction and the ... system 9 (5) - The issuer bills the cardholder (6) - Finally, the cardholder repays the issuer for the goods or services originally purchased from the merchant ICO are at the centre of the transaction...

Ngày tải lên: 03/04/2013, 12:13

... “bộ” “trọn gói” theo nguyên tắc giá gói nhỏ tổng số tiền mua hàng theo phương thức riêng rẽ  Định giá theo nguyên tắc địa lý: cách thức mà doanhnghiệp định giá bán sản phẩm theo nguyên tắc địa ... sản phẩm Bề rộng chủng loại sản phẩm phân giải số lượng mặt hàng thành phần theo tiêu thức định ví dụ theo kích cỡ, theo công suất… Bề rộng chủng loại sản phẩm mục tiêu công ty định phần Những ... trường theo giác độ khác Theo quan điểm Marketing thị trường bao gồm tất khách hàng tiềm ẩn có nhu cầu mong muốn cụ thể sẵn sàng có khả tham gia vào trao đổi để thoả mãn nhu cầu Như vậy, theo khái...

Ngày tải lên: 08/04/2013, 17:01

... values, others say advertising merely reflects the values of society rather than shaping them They argue that consumers' values are defined by the society in which they live and are the results of ... in the other countries, partly due to the limitation of means of communication and citizens’ perception The most popular type of advertising is on TV Following is the advertising price chart of ... promotion, which is one of the most vital tools in Marketing The appearance and the role of advertising is increasingly higher in the market economy Advertising shows the rapid growth in technology...

Ngày tải lên: 16/04/2013, 11:05

... will further explore the recent theories of leadership, and evaluate if these make a further contribution to the recognition of the skills and attributes of women in management or leadership roles ... to the role each theory may have played in raising the profile of women in management or leadership roles Early leadership theories In the 18th and 19th centuries, philosophers suggested a theory ... Hence, the behavioural theories can be viewed as limited in raising the profile of women in management However, during this period of research, there was an emerging recognition of the importance of...

Ngày tải lên: 08/10/2013, 15:56

Ngày tải lên: 25/10/2013, 05:20

... throughout the world bears little resemblance to teosinte, the original ancestor of corn The newer techniques involving genetic engineering, on the other hand, allow for the transfer of a few genes ... than its conventional counterpart; therefore, the Þnal assessment of safety is always comparative The scientiÞc basis of the evaluation process is the concept of “substantial equivalence.” Regulatory ... presence of GM ingredients Unfortunately, standardized methods not currently exist for most of the GM ingredients on the market today Two types of tests are used for the detection of GM material The...

Ngày tải lên: 25/10/2013, 21:20