...chemistry. My research interests developed from my exposure to the various areas of neuroscience through my internships and courses. My most recent internship was in the division of mental health at the U.S. Virgin Islands Department of Health. In the eight weeks that I interned there, I worked closely with a mental health and substance abuse counselor and also shadowed the psychiatrist, Dr. Leighmin Lu. Within two weeks, I was able to conduct patient intakes and lead group therapy sessions under the supervision of certified mental health and addiction counselors. I also observed the clinical setting of the psychiatric ward at the Roy Lester Schneider Hospital. While working at the Department of Health I was exposed to the fragilities of the human...
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...over. Prescribed Option Letter for borrowers is available with all Branches. Borrowers desirous for change over to Base Rate may contact the branch requesting to issue the Option letter for change over to Base Rate at any time during the pendency of their BPLR linked loans. Base Rate will be reviewed and may be changed from time to time. | DEFINITION OF 'REPO RATE' INSHARE Repo rate is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds. Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. Description: In the event of inflation, central banks increase repo rate as this acts as a disincentive for banks to borrow from the central bank. This ultimately reduces the money supply in the economy and thus helps in arresting inflation. The central bank takes the contrary position in the event of a fall in inflationary pressures. Repo and reverse repo rates form a part of the liquidity adjustment facility. BANK RATE, also...
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...[pic] ORGANISATIONAL CHANGE AND DEVELOPMENT “CANARA BANK” Submitted to Lovely Professional University In partial fulfillment of the course RETAIL MANAGEMENT [pic] Submitted to: Submitted by: Mrs. MALIKA JAVAID AHMAD Lecturer, LSB RR1709A15 3020070030 DEPARTMENT OF MANAGEMENT LOVELY PROFESSIONAL UNIVERSITY PHAGWARA ACKNOWLEDGEMENT With immense regard and respect in the honor of the “LOVELY PROFESSIONAL UNIVERSITY”, I am very grateful for providing me an opportunity to work on the topic “To establish a retail store of furniture and furnishing” under my term paper . I am highly grateful to Mrs. Anju Saini, Lecturer LSB, for the trust she has shown in me by allowing me to do this work. Her constant review and suggestions throughout my work on term paper are highly commendable. I express my thanks to my friends, with whom I was able to complete my term paper project, their able guidance and direction are always promising that help me a lot in one way or the other. Javaid Ahmad Canara Bank India The Canara Bank of India is one of the renowned banks in the country. The bank provides excellent services and facilities to its customers. Personal...
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...Current financial crisis Economic growth involves metamorphosis of the financial system. Forms of banks and bank money change. These changes, if not addressed, leave the banking system vulnerable to crisis. There is no greater challenge in economics than to understand and prevent financial crises. The financial crisis of 2007-2008 provides the opportunity to reassess our understanding of crises. All financial crises are at root bank runs, because bank debt—of all forms—is vulnerable to sudden exit by bank debt holders. The current crisis raises issues for crisis theory. And, empirically, studying crises is challenging because of small samples and incomplete data. *Written as a contribution for Trade, Globalization and Development: Essays in Honor of Kalyan Sanyal, edited by Sugata Marjit and Rajat Acharya (Springer Verlag; forthcoming). Some of this essay draws from material in my book Misunderstanding Financial Crises (Oxford University Press; forthcoming November 2012). I worked at AIG Financial Products as a consultant from 1996-2008. I thank Doug Diamond, Bengt Holmström, Arvind Krishnamurthy, and Guillermo Ordoňez for comments.1 1. Introduction Economic development does not result in the elimination of financial crises. The recent financial crisis of 2007-2009 in the United States and Europe shows that market economies, however much they grow and change, are still susceptible to collapse or near-collapse from financial crisis. This is a staggering thought...
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...Contemporary art- art that is relative to our current society. Art of the present. Artist is usually alive and making art right now. Being a flux: constantly changing. There is no unified, crystallized interpretation or theory of it. Diverse nature of issues, styles, and forms. Part of our culture and visual culture. * see a lot of mediums and diverse. * no dominate style or medium * what is considered painting is becoming blurred * New art forms appear besides traditionally recognized art forms. ex: installation art, process art, video art, digital and experimental forms *diverse and eclectic. No single medium or ideology dominates *Medium categories are broadening, boundaries are getting blurred and redefined. *referencing and sampling from contemporary popular/consumer culture. * Art becomes interdisciplinary and cross-disciplinary (artist as scientists, cultural anthropologists, journalists, reports, etc.) continuation *Technologies -> new way of producing and conceptualizing art (digital culture, Internet, virtual reality) *New media potentials: video, robotics, transgenic art, etc. * new technologies create new paradigms *up until the late 1800s, what was the way to send a picture? <- painting. *what changed that? <- photography Art world goes global ( global production, reproduction, art market: global economy, dissemination) - Paris and NY ** *”About-ness” artist as social and cultural observer, critic *Artwork functions...
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...Basel Committee on Banking Supervision International Convergence of Capital Measurement and Capital Standards A Revised Framework Comprehensive Version This document is a compilation of the June 2004 Basel II Framework, the elements of the 1988 Accord that were not revised during the Basel II process, the 1996 Amendment to the Capital Accord to Incorporate Market Risks, and the 2005 paper on the Application of Basel II to Trading Activities and the Treatment of Double Default Effects. No new elements have been introduced in this compilation. June 2006 Requests for copies of publications, or for additions/changes to the mailing list, should be sent to: Bank for International Settlements Press & Communications CH-4002 Basel, Switzerland E-mail: publications@bis.org Fax: +41 61 280 9100 and +41 61 280 8100 © Bank for International Settlements 2006. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN print: 92-9131-720-9 ISBN web: 92-9197-720-9 Contents Introduction ...............................................................................................................................1 Structure of this document........................................................................................................6 Part 1: Scope of Application .....................................................................................................7 I. Introduction.....................
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...THE GROWTH EFFECTS OF FINANCIAL LIBERALISATION PROGRAMME IN EGYPT: DEVELOPMENTS AND DRAWBACKS (Key Words: financial liberalisation, economic growth, Egypt) DR. Ayman M. Ebrahim Faculty of Commerce and Business Administration Helwan University Ein Helwan , Cairo E-mail: ahendy@ksu.edu.sa hendyayman@hotmail.com ABSTRACT The paper begins with a review of theory and recent empirical evidence relating to financial liberalisation and economic development. Among the countries that underwent financial liberalisation programmes in the 1990s, Egypt appears to have performed well. Although the internal and external shock to the economy and the associated drawbacks in the financial liberalisation programme, over the past decade, which brought the experience of financial liberalisation, the Egyptian economic performance improved. Its aggregate growth rate was positive and macroeconomic variables moved in a favourable direction in accordance with the predictions of the financial liberalisation paradigm. The econometric test specification follows the nonlinear least-squares estimations methodology to test the co-movement of the underlying variables. INTRODUCTION The financial liberalisation paradigm encourages nominal interest rate liberalisation, the reduction or abolition of reserve requirements, the elimination of inflationary finance, the removal of other forms of taxation on...
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...NATIONAL STOCK EXCHANGE OF INDIA LIMITED Test Details: Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 Name of Module Fees (Rs.) Test Duration (in minutes) 120 120 120 120 120 120 105 105 120 120 120 120 120 No. of Questions 60 60 60 60 60 60 60 60 60 60 60 60 100 Maximum Marks 100 100 100 100 100 100 100 100 100 100 100 100 100 Pass Certificate Marks Validity (%) (in years) 50 50 50 50 50 50 60 50 60 60 60 60 50 5 5 5 5 5 5 5 5 3 5 5 3 3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Financial Markets: A Beginners’ Module * 1500 Mutual Funds : A Beginners’ Module 1500 Currency Derivatives: A Beginner’s Module 1500 Equity Derivatives: A Beginner’s Module 1500 Interest Rate Derivatives: A Beginner’s 1500 Module Commercial Banking in India: A Beginner’s 1500 Module Securities Market (Basic) Module 1500 Capital Market (Dealers) Module * 1500 Derivatives Market (Dealers) Module * 1500 FIMMDA-NSE Debt Market (Basic) Module 1500 Investment Analysis and Portfolio 1500 Management Module NISM-Series-I: Currency Derivatives 1000 Certification Examination 1000 NISM-Series-II-A: Registrars to an Issue and Share Transfer Agents – Corporate Certification Examination NISM-Series-II-B: Registrars to an Issue and 1000 Share Transfer Agents – Mutual Fund Certification Examination NISM-Series-IV: Interest Rate Derivatives 1000 Certification Examination NISM-Series-V-A: Mutual Fund Distributors 1000 Certification Examination * NISM-Series-VI: Depository Operations 1000 Certification Examination...
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...PROJECT REPORT ON US SUBPRIME CRISIS REFERRING TO IT’S ORIGINS SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (BANKING AND FINANCE) SEMESTER I SUBJECT: FINANCIAL SERVICES & MANAGEMENT SUBMITTED BY: PILLAI ANUJA SURESH ROLL NO.: 42 UNDER THE GUIDANCE OF Ms.BHAVIKA DAVE SIES COLLEGE OF COMMERCE AND ECONOMICS, PLOT NO. 71/72, SION MATUNGA ESTATE T.V. CHIDAMBARAM MARG, SION (EAST), MUMBAI – 400022. | | CERTIFICATE This is to certify that ___________________________________ __________________________________________________________ of M.Com (Banking and Finance) Semester I (academic year 2013-2014) has successfully completed the project on ______________________________________________________under the Guidance of Ms. __________________________________________. _________________ ___________________ (Project Guide) (Course Co-ordinator) ___________________ ___________________ (External Examiner) (Principal) Place: _____________ Date: ___________ DECLARATION I, __________________________________________________ Student M.Com (Banking and Finance) Semester I (academic year 2013-2014) hereby declare that, I have completed the project on ______________________________________________________________. The information presented in this project is true and original to the best of my knowledge. ___________________ PILLAI ANUJA SURESH Roll No.: 42 | Place: _____________ Date:_____________ ACKNOWLEDGEMENT ...
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...A PROJECT REPORT ON US SUBPRIME CRISIS REFERRING TO IT’S ORIGINS SUBMITTED TO THE UNIVERSITY OF MUMBAI AS A PARTIAL REQUIREMENT FOR COMPLETING THE DEGREE OF M.COM (BANKING AND FINANCE) SEMESTER I SUBJECT: FINANCIAL SERVICES & MANAGEMENT SUBMITTED BY: PILLAI ANUJA SURESH ROLL NO.: 42 UNDER THE GUIDANCE OF Ms.BHAVIKA DAVE SIES COLLEGE OF COMMERCE AND ECONOMICS, PLOT NO. 71/72, SION MATUNGA ESTATE T.V. CHIDAMBARAM MARG, SION (EAST), MUMBAI – 400022. | | CERTIFICATE This is to certify that ___________________________________ __________________________________________________________ of M.Com (Banking and Finance) Semester I (academic year 2013-2014) has successfully completed the project on ______________________________________________________under the Guidance of Ms. __________________________________________. _________________ ___________________ (Project Guide) (Course Co-ordinator) ___________________ ___________________ (External Examiner) (Principal) Place: _____________ Date: ___________ DECLARATION I, __________________________________________________ Student M.Com (Banking and Finance) Semester I (academic year 2013-2014) hereby declare that, I have completed the project on ______________________________________________________________. The...
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...ISSUES FOR IIM INTERVIEW PROCESS © EssaysforIIM.com 2014-15 Issues for IIM PI Process http://www.essaysforIIM.com Contents US‐CHINA ENVIRONMENT DEAL 8 OIL PRICE 9 PAYMENT BANKS 11 SHADOW BANKING 13 NBFCs 14 NEW DEFINITION OF FDI 16 REFORMS IN POWER DISTRIBUTION 16 SECURITIES LAWS (AMENDMENT) BILL 2014 18 JUVENILE JUSTICE BILL, 2014 18 HUMAN DEVELOPMENT: INTERNATIONAL COMPARISON 19 INEQUALITY 20 SOCIO‐ECONOMIC PROFILE OF STATES AND INTER‐STATE COMPARISONS 21 ASER 2013: Main Findings 23 SKILL DEVELOPMENT 24 HOW INDIA NEEDS TO FACE CLIMATE CHANGE 24 AGENDA FOR ECONOMIC REFORMS 28 INFRASTRUCTURE 30 WHY LONG‐RUN MATTERS 30 FIVE PRONGED STRATEGY TO CONTROL INFLATION 31 URJIT PATEL COMMITTEE 32 Some Major Issues in India's Merchandise Trade Sector 32 MAKE IN INDIA OPPORTUNITY 34 Make for India or Make in India – The debate begins! 37 VULNERABILITY COMPARISON OF INDIAN ECONOMY 38 PM JAN DHAN YOJANA 39 COOPERATIVE FEDERALISM 40 ZERO DEFECT, ZERO EFFECT 41 DIGITAL INDIA 42 TWO FACTOR IDENTIFICATION ISSUE 43 MINSK AGREEMENT 44 WILFUL DEFAULT 44 © EssaysforIIM.com 2014‐15 Page 1 Issues for IIM PI Process http://www.essaysforIIM.com ‘MAKE IN INDIA’ ...
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...1 Introductory part CHAPTER 01: INTRODUCTION 1.1 Introduction Bank is a financial intermediary whose prime function is to move scarce resources in the form of credit from savers to those who borrow for consumption and investment. The main use of bank fund is to collect money from surplus unit and lend it to deficit economic unit as credit. A bank’s main earning source is interests on different credits. In order to ensure the effectiveness and efficiency of utilization of bank fund in the form of credit, the bank has to carry out a certain course of action that is known as credit operation. Credit Management is a dynamic arena in banking industry where a certain standard of long-range planning is needed to allocate the fund in diverse field and to minimize the risk and maximize the return on the invested fund. While sanctioning of credit undergoes some steps like collecting of related documents and information with duly filled-up credit application form, scrutinizing, investigation, preparation of proposal, sanctioning, pre-disbursement compliance, disbursement, supervision, monitoring. Credit Management deals with all this process. An important task under this section is credit risk management which is simply defined as the potential that a bank borrower or counterparty will fail to meet its obligations in accordance with agreed terms. Effective credit administration works to ensure good recovery of loan which is the key to long-term success of any banking organization...
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...SMEs and the Internationalisation Process Giovanni Roncucci Chairman Roncucci&Partners Group April 5th 2016 Agenda Globalisation & Internationalisation Main Characteristics of the Italian System Micro, Small, and Medium Enterprises SMEs and the Italian System Italian SMEs and Internationalisation Business Plan and Budgeting Planning Roncucci & Partners 2 Globalisation & Internationalisation Roncucci & Partners 3 In the last 10-15 years the international context of the global economy changed notably. Market globalisation is one of the variables to be considered as crucial within the critical success factors of every entrepreneurial economic initiative. In this framework the challenge of internationalisation becomes a fundamental tool to sustain and strengthen the competitiveness of an economic system. Roncucci & Partners 4 Commercial Flows of Geographical Areas Table 1 - Volume of International Trade per Geographical Area and Country(a) - From 2009-2013 (price basis=2005, at percentual value) Countries & Areas 2009 2010 Export 2011 2012 2013 2009 2010 Import 2011 2012 2013 EUROPE 38,89 37,97 38,04 37,44 37,11 39,67 38,19 37,41 35,98 35,19 European Union France Germany Italy United Kingdom Spain 35,52 3,63 8,52 2,97 2,82 1,73 34,86 3,49 8,59 2,89 2,76 1,69 34,98 3,41 8,67 2,86 2,84 1,74 34,32 3,32 8,47 2,80 2,63 ...
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...I. HISTORY OF DEVALUATION OF INDIAN RUPEE (INR) AND ITS IMPACTS ON INDIAN ECONOMY In a fixed exchange rate regime the term ‘Devaluation’ is used. It means a deliberate downward adjustment of a country's official exchange rate by its government i.e. central bank (RBI in India) relative to other currencies; Where as in floating or fluctuating exchange rate currency's value is allowed to fluctuate according to the foreign exchange market. In this case, it is known as Depreciation. There are two implications for currency devaluation. * First, Devaluation makes a country's exports relatively less expensive for foreigners and * Second, it makes foreign products relatively more expensive for domestic consumers, discouraging imports. As a result, this may help to reduce a country's trade deficit. Revaluation: This term is used in a fixed exchange rate regime; it means a deliberate upward adjustment to a country's official exchange rate relative to other currencies. In floating exchange rate, it is known as Appreciation. The Liberalized Exchange Rate Management System (LERMS): LERMS was introduced in March 1992 involving the dual exchange rate system in the interim period. The dual exchange rate system was replaced by a unified exchange rate system in March 1993. History of Devaluation The Indian rupee, which was on par with the...
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...INSTRUMENTS OF MONETARY POLICY IN CHINA AND THEIR EFFECTIVENESS: 1994-2006 No. 187 February 2008 INSTRUMENTS OF MONETARY POLICY IN CHINA AND THEIR EFFECTIVENESS: 1994–2006 Michael Geiger No. 187 February 2008 Acknowledgement: The author is grateful to: Kang Yitong, Yin Xiaobing and Chao Chen from the Graduate School of the People’s Bank of China (PBC) for all the help and discussions during his stay in Beijing, the Deutsche Bundesbank, the People’s Bank of China and the German Academic Exchange Service (DAAD) for making this stay possible, an anonymous referee, Nicolas Schlotthauer and Zhang Bin for their valuable comments. In particular, to Peter Bofinger and Heiner Flassbeck for their helpful comments and suggestions. The views expressed and remaining errors are the author’s responsibility. UNCTAD/OSG/DP/2008/2 ii The opinions expressed in this paper are those of the author and are not to be taken as the official views of the UNCTAD Secretariat or its Member States. The designations and terminology employed are also those of the author. UNCTAD Discussion Papers are read anonymously by at least one referee, whose comments are taken into account before publication. Comments on this paper are invited and may be addressed to the author, c/o the Publications Assistant, Macroeconomic and Development Policies Branch (MDPB), Division on Globalization and Development Strategies (DGDS), United Nations Conference on Trade and Development (UNCTAD), Palais des...
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