in Reality” Title of the paper: Imperfect Competition, Financial Market & Effective Demand By St. Xavier’s College, Kolkata (Autonomous) Hemangi Desai Email: hemangi221@gmail.com 9874630182 Abstract: We construct an effective demand model involving interaction between the real sector and the financial sector. The commodity market is imperfect. We explain price stickiness in terms of Kaleckian Mark-up pricing. The financial assets are money, government bonds and a risky asset, say
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Global Financial Crisis: Likely Impact on Bangladesh [Abstract: The current financial crisis that originated in the United States and quickly spread to Europe and Asia could be a global crisis soon. Reckless lending by banks and financial institutions and slack regulatory system were at the root of the crisis, which is perhaps the gravest since the Great Depression of the 1930s. Amid a severe credit crunch, the rich economies have entered into a deep recession. IMF economists predict the
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small problem of U.S. financial markets, affect the entire global banking system? The aim of this paper is to analyze the effect of the subprime crisis on the banking sector in Europe, with a close attention on the case of Spain. Spain is currently facing the worst crisis ever experienced in its financial history, so it would be interesting to analyze what is the real situation of the banking sector and what will be the reforms that could lead to a consolidation of the financial systems. The strengths
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Financial Institutions, Instruments and Markets—7th edition Instructor’s Resource Manual Christopher Viney and Peter Phillips Chapter 1 A modern financial system Learning objective 1.1: explain the functions of a modern financial system • The introduction of money and the development of local markets to trade goods were the genesis of the financial system of today. • Money is a medium of exchange that facilitates transactions for goods and services. • With wealth being accumulated
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Investment and Finance (2010/2011) “Deposit Insurance” Subject: Financial Markets, Financial Institutions and Banking Anjul Katyal Registration No: 20109 Lecturer: Juliane Thamm Date: 22nd November 2010 Abstract This paper shows the existence of deposit insurance in today’s complex economic situation. Deposit insurance schemes are present in most of the countries and are well-established in all developed economies.1 Deposit insurance takes the form of a guarantee to depositors that
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of customers. Attractiveness in Banking Investment Introduction The recent years have seen a rise in large and well-established banks in developed economies. This has raised concerns on the effects such banks will have on the countries’ economy. Many economists are of the view that large banks may have a negative impact on a country’s economy as well as the borrowers. As such, there have been debates on whether or not large banks should be broken up into small banks that have less market power
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The sector was characterized by small sized banks with high overheads; low capital base averaging less than $10million; heavy reliance on government patronage and loss making. Nigeria’s banking sector was still characterized by a high degree of fragmentation and low levels of financial intermediation up until 2004. In the light of the foregoing, banks are compelled by the Central Bank of Nigeria to raise their capital base from N2 billion to 25 billion on or before 31st December, 2005. Most banks
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world economies are seeing it as their potential market. This has been going on since quite some time now, ever since 1991 reforms of liberalization, globalization and privatization. Indian markets in urban areas have grown appreciably and are on the verge of saturation, so corporates have started tapping rural markets, since more than 60 per cent of India’s population lives in rural areas. During this global meltdown and fall of exports, if the Fast Moving Consumer Goods (FMCG) sector has been
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Role of Financial Institutions in the financial development and economic development Financial intermediaries perform an important role in the development process, particularly through their role in allocating resources to their most productive uses. More efficient financial markets help economic agents hedge, trade, pool risk, raising investment and economic growth. Financial institutions provide consumers and commercial clients with a wide range of services and different types of banking products
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an entity having less than 250 employees and Rs. 300 million revenues. SMEs account for a substantial part of the economy; there are about 3.2 million enterprises in Pakistan, of which about 3 million (93%) are SMEs. SMEs spread across the economy with varying density: see exhibit 1-A for the sector wise division of SME sector. According to a survey conducted by SMEDA, this sector contributes more than 30% to GDP and 25% to the country’s total export earnings, and employs close to 70% of the labor
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