...page for due dates.) This term paper (3,000 words, double-spaced, 12-point font) is a critical analysis of a topic area within the field of gerontology. The paper is to be based on a review of gerontological literature. Statements made in the paper should be supported by references to published peer-reviewed academic journal articles, book chapters, and books. Your paper must go beyond the material found in your course readings—you are expected to refer to at least 10 to 12 additional academic sources directly related to your topic. All references should follow the American Psychological Association style. Please visitAPA for the citation style to be followed for the reference list. Failure to reference properly will be penalized. The following is a list of suggested topics. The purpose of this list is to give you some direction and make you aware of related possibilities. If you wish to write on a topic not included in this list, you must check with the tutor-marker about your proposed topic by the end of week 5. Writing on another topic requires that you demonstrate to the tutor-marker and course supervisor that you have a clear understanding of what you propose to do and that you have verified that sufficient research is available on the topic to enable you to write a paper meeting the course requirements. Sample Topics 1. Describe the impact of exercise on longevity and quality of life for older people. How generalizable are the research findings to the average older...
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...dropbox.) This term paper (3,000 words, double-spaced, 12-point font) is a critical analysis of a topic area within the field of gerontology. The paper is to be based on a review of gerontological literature. Statements made in the paper should be supported by references to published peer-reviewed academic journal articles, book chapters, and books. Your paper must go beyond the material found in your course readings—you are expected to refer to at least 10 to 12 additional academic sources directly related to your topic. All references should follow the American Psychological Association style. Please visit APA (Links to an external site.) for the citation style to be followed for the reference list. Failure to reference properly will be penalized. The following is a list of suggested topics. The purpose of this list is to give you some direction and make you aware of related possibilities. If you wish to write on a topic not included in this list, you must check with the tutor-marker about your proposed topic by the end of week 5. Writing on another topic requires that you demonstrate to the tutor-marker and course supervisor that you have a clear understanding of what you propose to do and that you have verified that sufficient research is available on the topic to enable you to write a paper meeting the course requirements. Sample Topics 1. Describe the impact of exercise on longevity and quality of life for older people. How generalizable are the research findings to the...
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...The Role of Financial Institutions & Risk Management in Subprime Crisis Vikrant Joshi The Role of Financial Institutions & Risk Management in The Subprime Crisis This paper discusses the role of financial institutions & their risk management strategies in the subprime mortgage crisis. The downturn in the housing and mortgage markets precipitated the first phase of the financial crisis in August 2007 when the solvency of a number of large financial firms was threatened by huge losses in complex structured financial securities. Why did these firms have such high concentrations in mortgage-related securities? Given the information available to firms at the time, these high concentrations in mortgage-related securities violated basic principles of modern risk management. Introduction: This paper analyzes the role of financial institutions in the light of risk management and corporate governance in the events leading to the subprime crisis. This paper explores the following question: Given the tremendous advances in financial risk measurement and management, why was the solvency of large and complex financial firms threatened by large losses in the mortgage market? First, the subprime mortgage market was about $1.3 trillion. Even a very high percentage loss in this market seemed manageable, given the overall size of U.S. and world debt markets. Commonly cited reasons such as high mortgage defaults in 2006 and 2007 do not provide a sufficient...
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...Jagtiani@phil.frb.org February 9, 2010 Abstract This paper discusses the role of risk management and corporate governance as causal factors in the onset of the financial crisis. The downturn in the housing and mortgage markets precipitated the first phase of the financial crisis in August 2007 when the solvency of a number of large financial firms was threatened by huge losses in complex structured financial securities. Why did these firms have such high concentrations in mortgage-related securities? Given the information available to firms at the time, these high concentrations in mortgage-related securities violated basic principles of modern risk management. We argue that this failure was a result of principal-agent problems internal to the firms and to breakdowns of corporate governance systems designed to overcome these principal-agent problems. Forthcoming in Atlantic Economic Journal (2010) JEL Classification Numbers: G01, G18, G21, G28 Keywords: Financial Crisis, Risk Management, Corporate Governance, Subprime Crisis _________________________ The opinions expressed in this paper are the authors’ and not necessarily those of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. Thanks to Ali Canoni and Vidya Nayak for their research assistance. The Mortgage and Financial Crises: The Role of Credit Risk Management and Corporate Governance Introduction and Objectives This paper analyzes the role of risk management and corporate...
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...Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future © Research Institute for Housing America May 2010. All rights reserved. Research Institute for Housing America Board of Trustees Chair Teresa Bryce, Esq. Radian Group Inc. Michael W. Young Cenlar FSB Nancee Mueller Wells Fargo Edward L. Hurley Avanath Capital Partners LLC Steve Graves Principal Real Estate Investors Dena Yocom IMortgage Staff Jay Brinkmann, Ph.D. Senior Vice President, Research and Business Development Chief Economist Mortgage Bankers Association Michael Fratantoni, Ph.D. Vice President, Research and Economics Mortgage Bankers Association Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future © Research Institute for Housing America May 2010. All rights reserved. 3 Table of Contents Executive Summary 1. Introduction: Findings and Recommendations 2. A Model for Mortgage Risk Taking: Growth, P / E and the Fallacy of ROE 3. Data and Model Limitations Data Integrity Economic Environment Mortgage Products and Risk Layering Borrower and Counterparty Behavior 4. Governance, Corporate Culture and Risk Taking: A Behavioral Economics Approach 5. Lessons Learned 6. References 7 9 19 27 29 31 32 38 43 53 57 Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future © Research Institute for Housing America May 2010. All rights reserved. 5 Executive Summary Not since the Great...
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...Later Adulthood Development Report Adriane McClendon BSHS/325 - HUMAN SYSTEMS AND DEVELOPMENT November 2, 2015 Susan W. Jernigan Over the time in their lives, most people can acquire protected attachments; cognitively, socially, and morally, and produce families and discover good jobs. Ultimately, though, as an individual enter into their 60s and beyond, getting older leads to quicker changes in our bodily, cognitive, and social capabilities and desires, and life starts to approach its natural ending, resulting in the last life stage, beginning in the 60s, known as late adulthood. "Social changes affect a person's decision. If they move, for example, to be closer to family, they will need to make new friends in the new environment, to cope with the loss of old friends, and to deal with the changing roles within the family dynamics as one becomes older." ("End-of-Life Decisions and Late Adulthood," 2007). When an individual enters late adulthood, they start to go through various changes in their role and social position in society. At one point in their life, they were young and had a prominent role in the decisions they made for themselves and others. Many elderly people are parents and grandparents and at one point had the role of being the caretaker of their offspring. During this time of their life this position changes, and it is usually their children taking care of them now. They do not have as much power over their life as they used to have and may not have...
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...The Credit Crunch of 2007: What Went Wrong? Why? What Lessons Can Be Learned? First draft: September 2008 This draft: May 2009 John C. Hull* Joseph L. Rotman School of Management University of Toronto Abstract This paper explains the events leading to the credit crisis that began in 2007 and the products that were created from residential mortgages. It explains the multiple levels of securitization that were involved. It argues that the inappropriate incentives led to a short‐term focus in the decision making of traders and a failure to evaluate the risks being taken. The products that were created lacked transparency with the payoffs from one product depending on the performance of many other products. Market participants relied on the AAA ratings assigned to products without evaluating the models used by rating agencies. The paper considers the steps that can be taken by financial institutions and their regulators to avoid similar crises in the future. It suggests that companies should be required to retain some of the risk in each instrument that is created when credit risk is transferred. The compensation plans within financial institutions should be changed so that they have a longer term focus. Collateralization through either clearinghouses or two‐way collateralization agreements should become mandatory. Risk management should involve more managerial judgment and rely less on the mechanistic application of value‐at‐risk models. *e-mail: hull@rotman...
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...The Credit Crunch of 2007: What Went Wrong? Why? What Lessons Can Be Learned? First draft: September 2008 This draft: May 2009 John C. Hull* Joseph L. Rotman School of Management University of Toronto Abstract This paper explains the events leading to the credit crisis that began in 2007 and the products that were created from residential mortgages. It explains the multiple levels of securitization that were involved. It argues that the inappropriate incentives led to a short‐term focus in the decision making of traders and a failure to evaluate the risks being taken. The products that were created lacked transparency with the payoffs from one product depending on the performance of many other products. Market participants relied on the AAA ratings assigned to products without evaluating the models used by rating agencies. The paper considers the steps that can be taken by financial institutions and their regulators to avoid similar crises in the future. It suggests that companies should be required to retain some of the risk in each instrument that is created when credit risk is transferred. The compensation plans within financial institutions should be changed so that they have a longer term focus. Collateralization through either clearinghouses or two‐way collateralization agreements should become mandatory. Risk management should involve more managerial judgment and rely less on the mechanistic application of value‐at‐risk models. *e-mail: hull@rotman...
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...The Emerald Research Register for this journal is available at www.emeraldinsight.com/researchregister The current issue and full text archive of this journal is available at www.emeraldinsight.com/0268-6902.htm MAJ 19,4 Control self-assessment as a route to organisational excellence A Scottish Housing Association case study James Sheffield Comhairle, The Scottish Centre for European Public Sector Studies, University of Paisley, Paisley, Scotland, and 484 Siobhan White Division of Accounting and Finance, Glasgow Caledonian University Business School, Glasgow, Scotland Keywords Scotland, Housing, Financial management, Auditing, Corporate governance Abstract Control self-assessment (CSA) has been discussed as an audit technique, but little practical guidance is available in the UK on the subject. A limited number of public sector organisations have implemented it. This paper describes a case study of CSA implementation in a Scottish Housing Association. The case study details the decision processes that led to the choice of CSA as a favoured audit technique, and the development of CSA skills within the organisation. This paper examines the broader benefits of a CSA approach, in terms of performance management and employee empowerment. This paper also uses a cost benefit analysis to examine the efficacy of CSA for small organisations. Managerial Auditing Journal Vol. 19 No. 4, 2004 pp. 484-492 q Emerald Group Publishing Limited 0268-6902 DOI 10.1108/02686900410530493 ...
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...Company Profile: The Levant Sweater LTD is a sweater manufacturing company. This company is a professional apparel manufacturer. We are engaged in all kinds of garment, such as men’s sweater, women’s sweater, children’s sweater etc. With the advanced technologies, rich management experience, exquisite production process and unique, creative design thoughts, our products enjoys good reputations both at home and abroad. All the products we provide are professionally designed and skillfully manufactured. We also accept customized orders to meet your specific requirements. If anyone interested in any of our series of products, or need any related items, please contact us with details of your specific orders. We warmly welcome domestic and foreign friends to cooperate with us based on mutual benefits. The Levant Sweat LTD has strongly believed in some truths which are: 1. Trustworthiness 2. Clear Dealings 3. Always Customers first 4. Quality 5. On time 6. Honesty, and 7. Eternal Relationship. The Levant Sweater LTD clearly follows the terms and condition of Bangladesh Government. The entire act and laws posted by the Government been strongly followed in our terms and condition of company. An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and The Levant Sweater Ltd. Basic Information | | Company Name | The Levant Sweater LTD | Business type | Manufacturing | Product/Service...
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...Adelle Sanders, DPA, MSW Abstract The purpose of this paper is to explain the transportation needs of, and for the elderly as a social problem. I will attempt with the help of research to show how badly the elderly need help, I will research the transportation availability. for the elderly publicly and privately in my community. Looking at the demographics in the Fuller Park community, to show ridership, location of bus stop, show the accessibility for wheelchairs. To research my neighborhood, for shopping centers, Doctors offices, food pantry’s, grocery stores. Transportation is a major problem for the elderly, and the department’s senior services area Agency on Aging administrates a variety of programs designed to address the diverse needs and interests of the elderly. For those who are healthy and active, to those who are frail and homebound. Transportation Paper Addressing the needs of the elderly is becoming a Hugh social problem. Planning Transportation to Meet the Needs of an Aging Illinois: Chicago (February, 2015) communities throughout Illinois will need to make significant revisions to current transportation options, explore more varied housing greatly augment health and human services alternatives to meet the day-to-day needs of the increasing Baby Boomer population, which is estimates to grow...
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...instead of helping the mortgages bring a tight grip onto people’s lives. Ownership has always been important to people, and quite often the wealth of a family is closely tied to the home equity (Carswell, Seay, & Polanowski, 2013). People often invest all their money in their houses and the result of that is they become cash poor. This is where reverse mortgage comes in. The journal article Reverse Mortgage Fraud Against Seniors: Recognition and Education of a Burgeoning Problem defined reverse mortgage as “ (it) allow(s) homeowners to remain living in their homes by providing access to their home’s equity, with repayment differed until they move out or the home is sold” (Carswell et al., 2013). This paper will discuss the general idea behind reverse mortgage, and further explain why people struggle with reverse...
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...FRATERNITY INVOLVEMENT AMONG BSMT STUDENTS A Research Paper Presented toMr. Bernie S. Bayogos Mentor, Research and Evaluation Iloilo State College of Fisheries College of Maritime Studies TiwiBarotac Nuevo,Iloilo In Partial Fulfillment of the Requirements for the subject Research 311 -Research and Evaluation By: Ezekiel A. Majano 1stsemester, S.Y. 2012-2013 APPROVAL SHEET A research paper entitled “FRATERNITY INVOLVEMENT AMONG BSMT STUDENTS”, prepared and submitted by Ezekiel A. Majano in partial fulfillment of the requirements for the subject Research 311-Research and Evaluation is hereby accepted. Bernie S. Bayogos, MAEM Subject –Teacher BOOTS D. Arroz, MAEd. Reader –Critic AMALIA D. Dohina,MILE-Soc. Sci. Reader-Critic Accepted in partial fulfillment of the requirements for the subject Research 311- Research and Evaluation. Bernie S. Bayogos, MAEM Subject –Teacher Date TABLE OF CONTENTS Chapter Page TITTLE PAGE i APPROVAL SHEET ii ACKNOWLEDGMENT iii DEDICATION iv ABSTRACT v LIST OF TABLES vi LIST OF FIGURES vii LIST OF APPENDICES viii I INTRODUCTION Background of the Study Statement of the Problem Hypothesis Theoretical and Conceptual Framework Significance of...
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...“Inside Job” Movie review -Deepshikha Dubey SYBCOM (Hons) Roll number-1071 ‘I nside job’ true to its title, is an exasperating documentary about the actual causes and consequences of the financial crisis of 2008. Directed by Charles Ferguson and narrated by Matt Damon, the movie is not a piece of muckraking or breathless support. It rests its infuriation on proper reason, research, figures and careful argument. Several interviews of eminent personalities from political, financial and academic backgrounds, along with news clips and aerial shots of New York, Iceland, London and other disaster areas — are all in there! Though dealing with a very complex issue, the movie has beautifully dealt with the topic and made it much easier for common man to understand the reason behind the nerve wrecking recent financial crisis that hit USA and then the world’s economy. The film is divided into five main parts, covering a wide scope- Who, what, when, why, how… it is all answered! Unlike most other documentaries that have been released over the past several years, ‘inside job’ bases its arguments on numbers and facts and doesn't just emotions. The first part of the movie- “How we got here?” Takes the viewers back to history in the 1930s when US had a strong financial system. The regular banks were local businesses and were not allowed to mess around with the depositor’s money. The investment banks were private partnerships and thus did not make risky investments...
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...Research Proposal: Finance; (Financial Engineering, Financial Mathematics & Risk Management) By:Syed Asad Raza Naqvi Index Introduction and Background………………………………………………………………………….3 Interested areas for research and further study (Research Proposal)……………….3 Further explanation of the intended research topics………………………………………..4 Securitization…………………………………………………………………………………………………..4 Credit Derivatives…………………………………………………………………………………………….6 Hybrid Products……………………………………………………………………………………………….7 Re-Securitization……………………………………………………………………………………………..8 Contribution of these products towards Financial Crisis…………………………………..8 Improper Risk Management role in Financial Crisis………………………………………….9 Risks………………………………………………………………………………………………………………..10 Market Risk……………………………………………………………………………………………………..11 Credit Risk……………………………………………………………………………………………………….11 Liquidity Risk……………………………………………………………………………………………………11 Interest Rates and the Financial Crisis………………………………………………………………12 Relation between low interest rate and financial crisis…………………………………….12 Role of Rating Agencies……………………………………………………………………………………14 Structure Finance Products and Rating Agencies……………………………………………..14 Regulations Then and Now………………………………………………………………………………15 BASEL II……………………………………………………………………………………………………………16 Enhancements of Basel II…………………………………………………………………………………18 The Resecuritisation Exposure Using IRB Approach………………………………………….18 The Resecuritisation Exposure Using Standardized Approach…………………………...
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