National Bank of Ethiopia MODERNIZATION OF THE NATIONAL PAYMENT SYSTEM IN ETHIOPIA Part 3 Vision and Strategic Framework May 2009 Jan Woltjer Consultant on payments and securities settlement Leila Elmasry and Vladislav Babin (IT-consultants) Version 6 05-25-09 i CONTENTS 1 Introduction 1 2 Mission Statement and Vision 3 3 Guiding Principles 5 4 Main Strategies 9 4.1 Risk reduction 9 4.2 Enlargement of access to banking and payment services 14 4.3 Enlargement of electronic networks
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the U.S. dollar monopoly in the basket of the world reserve currencies. By 2013, the RMB is the 8th most traded currency in the world. On 17 August 2010, PBoC issued policy to allow Central Bank, RMB offshore Clearing Banks and offshore Participating Bank to invest the excess RMB in debt securities, in onshore Inter-bank Bond Market. In October, China further open up both FDI and ODI in RMB (Pilot RMB Settlement of Outward Direct Investment) and nominated Xinjiang as the first pilot province (which
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TABLE OF CONTENTS COVER PAGE TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENT CHAPTER ONE INTRODUTION ANALYSIS 1.1 BACGROUND TO THE PROBLEM 1.2 PROBLE STATEMENT 1.3 OBJECTIVES OF THE STUDY 1.4 RESEARCH QUESTINS 1.5 RESEARCH HYPOTHESISI 1.6 SCOPE OF STUISY 1.7 LIMITATIONS OF THE STUDY 1.8 DEFDINITION OF STUDY REFERENCE CHAPTER TWO LITERATURE REVIEW 2.1 INTRODUCTION 2.2 MEANING OF SMALL SCALE INDUSTRY 2.3 GOVERNMENT POLICY 2.4 SUPPORT SYSTEMS
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FISCAL POLICY & MACROECONOMIC MODELS There are three macroeconomic models in which to analyze the effects of changes in fiscal policy: Keynesian, Monetarist and Classical. Keynesian Model The Keynesian model focuses on attempting to manage the “Demand” side of the economy by using taxation and spending to redistribute income and wealth. The rationale is that redistribution of income and wealth via taxation and use of transfer payments [government spending] will drive the “Demand” function
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form of bank which appeared in the Qing dynasty (over 200 years ago). It is a firm for exchanging and transferring money, and it also provided deposit and loan services. However, the first modern bank is established by the English in Shanghai in 1845 (Wang, 2008). After the People's Republic was founded in 1949, the modern banking system of china was built and developed gradually. Recently there are 3 major types of bank in the system. First, the central bank, which is The People’s bank of China
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Services offered by Nepalese Commercial Banks Introduction The term bank is either derived from old Italian word banca or from a French word banque both mean a Bench or money exchange table. In olden days, European money lenders or money changers used to display (show) coins of different countries in big heaps (quantity) on benches or tables for the purpose of lending or exchanging. A bank is a financial institution which deals with deposits and advances and other related services. It receives
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Assignment On “Monetary Policy of Bangladesh” Course Code: Course Title: Macro Economics Submitted to: Submitted by: Date of submission: 15 August, 2012 Table of Contents |Titles |Page Number | |Table of Contents |02 | |Introduction
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Foreign Exchange Reserves • ‘Only' the foreign currency deposits and bonds held by central banks and monetary authorities. Literal Definition Generic Definition • Total of a country's gold holdings and convertible foreign currencies held in its banks, plus special drawing rights (SDR) and exchange reserve balances with the International Monetary Fund (IMF). Foreign Exchange Reserves Sovereign Bonds Foreign Currency Deposits Gold Deposits Special Drawing Rights IMF Drawing Rights
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New Delhi: As chief economic advisor, Kaushik Basu has a bird’s eye view of the Indian economy and is at the same time a key member of the A team of finance minister Pranab Mukherjee. Given his vantage position, the viewpoint of the chief economic advisor is always critical, more so now than ever when the global economy is going through a turbulent phase. Basu took some time off to speak to Mint, just ahead of a key G20 meeting in Seoul, to provide an overview of how India perceives global economic
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Chapter- 01 01 02 Body of the term paper Monetary Policy Reason of publishing 04 Types of Monetary Policy 05 Monetary Policy in Bangladesh 06 Tools & Strategy of Monetary Policy 06 Major tools used by Bangladesh Bank 07 Policy Target 12 Limitations of Monetary Policy 13 Findings of the study Chapter-03 03 Scope & Objective of Monetary Policy Chapter- 02 03 14 Conclusion 14 Bibliography 14 Chapter- 01 Introduction
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