especially the US extremely eased the monetary policy. Only one percent of the Policy Rate had been announced in the summer of 2003 in the US (Mohan, 2009). This policy lasted for a long period and consequently stimulated the housing bubble of the America in the last a few years of 21st Century since it furthered investments and consumptions. The strong demands surpassed the output of the United States and there was an increase of the current account deficits of this country (McKibbin et al, 2009)
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European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4, No.8, 2012 www.iiste.org The Role of Entrepreneurship in Economic Development: The Nigerian Perspective Dr. Mrs Ann Ogbo AGU CHIDIEBERE NWACHUKWU Dept. Of management, University of Nigeria, Enugu Campus. PMB 011 *E mail of the correspondence author: annogbo@yahoo.com brightchidi@yahoo.com Abstract The aim of the paper is to develop and analyse the contributions of entrepreneurship in the economic development
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and soundness in the financial system with Basel 2 utilize approaches to capital adequacy that are appropriately sensitive to the degree of risk involved in a banks’ positions and activities. These approaches –and especially the one to measure credit risk- will require information from external credit assessment institution and information collected by banks about their borrowers creditworthiness. Maher Hasan Central Bank of Jordan To be presented in the Credit Alliance/ Information Alliance Regional
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Page 1 – JPMorgan Depositary Receipt Guide 1. Introduction and market snapshot……………………………………………………………………….3 2. Depositary Receipt Structures……………………………………………………………………………..9 3. The JPMorgan Advantage…………………………………………………………………………….……..17 4. Establishing your Depositary Receipt Program…………………………………………….….22 5. Maintaining your Depositary Receipt Program……………………………………..…….….31 6. Legal and Regulatory Framework…………………………………………………………..………..38 7. Glossary……………………………………………………………………………………………………………….57
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explains the reasons for its becoming an important issue pursued by many countries in the last decade. Following, the various codes of corporate governance, used as a guidance for countries, which are set by international organizations such as World Bank, IMF and OECD are summarized. Next, the paper reviews corporate governance experiences in nine diverse, countries including both developed and emerging markets. Finally, the paper assesses corporate governance practices in Egypt, identifying existing
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L.P. (NYSE: MWE) The sector that this research report will cover is Master Limited Partnerships (MLPs) and the stock within this sector is MarkWest Energy Partners, L.P. (MWE). Master Limited Partnerships is a business that has the tax structure of a partnership, but the ownership equity of the business trades on an exchange. In the MLPs sector, a unitholder is someone who owns stock in the company, making them part owner of the business. MLPs have two different kinds of partners, general
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The media’s watching Vault! Here’s a sampling of our coverage. “For those hoping to climb the ladder of success, [Vault’s] insights are priceless.” – Money magazine “The best place on the Web to prepare for a job search.” – Fortune “[Vault guides] make for excellent starting points for job hunters and should be purchased by academic libraries for their career sections [and] university career centers.” – Library Journal “The granddaddy of worker sites.” – U.S. News & World Report “A killer app.”
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An evaluation of the relationship between capitalisation and bank profitability BY SINDISO SIBANDA DEDICATIONS This project is a special dedication to my wife Esinathi Sibanda; daughters Faith and Cindy Sibanda my brother Leonard, my sister Nyembezi and my parents for their unwavering support in my studies. ACKNOWLEDGEMENTS First and foremost, I desire to convey my sincere gratitude to Mr. T Chigamba, my research project
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Coleman Professor of Financial Management Harvard Business School Editors James Ballingall Capital Structure and Risk Management Advisory Deutsche Bank +44 20 7547 6738 james.ballingall@db.com Adrian Crockett Head of Capital Structure and Risk Management Advisory, Europe & Asia Deutsche Bank +44 20 7547 2779 adrian.crockett@db.com Roger Heine Global Head of Liability Strategies Group Deutsche Bank +1 212 250 7074 roger.heine@db.com The Theory and Practice of Corporate Dividend and Share
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required IRR on value (or cost of capital) and the IRR on cost (or return on investment), 1974-95, of all listed non-financials in Japan. Rather than computing point estimates from aggregate data, we employ non-linear cross-sectional regression analysis of individual-firm data and we control for industry and size factors in returns. We find that firms have added value—and significantly so—regardless of industry, size, and governance system. In terms of cost of capital, we find no evidence of a keiretsu
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