Arecent and expanding literature establishes the importance of financial development for economic growth.1 Measures of the size of the banking sector and the size and liquidity of the stock market are highly correlated with subsequent GDP per capita growth. Moreover, emerging evidence suggests that both the level of banking sector development and stock market development exert a causal impact o…
I taught Money & Banking and International Finance several times, and I converted my lecture notes into a textbook. Consequently, instructors can use this textbook for courses in Money & Banking, or International Finance or some hybrid in between them. Furthermore, financial analysts and economists could refer to this book as a study guide because this book contains concise information, and all…
The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and students, civic and religious leaders, and other interested citizens in order to help them better understand the world and the foreign policy choices facing th…
Project cycle management (PCM) is the term given to the process of planning and managing projects, programmes and organisations. It is used widely in the business sector and is increasingly being used by development organisations. Development projects sometimes fail because they are badly planned and do not take account of some important factors, particularly the needs and views of stakeholders…
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed unlikely to apply in Europe. Testing these hypotheses we find that monetary policy does alter bank loan sup…
On 4 August 2011, a young black man was shot dead by police officers in the north London area of Tottenham. The shooting of Mark Duggan, as well as the way in which it was handled by the Metropolitan Police and Independent Police Complaints Commission, triggered a series of riots that spread like wildfire across the cities of England. As with the disturbances in the northern English towns in …
was written to complete the curriculum requirement of the Master’s of Macroeconomics degree. Macroeconomics is a very practical subject and can be very useful for policy making. Domestic and international economies are subjected to variations in savings, income, exchange rates, as well as interest rates and the balance of payments. This book attempts to explain the domestic and internat…
Some people use fridge magnets to keep notes or lists on the fridge’s door. You even get magnets in the shape of words or letters that you can put on a fridge door to play with. The magnets make the letters stick to the metal of the fridge door. Can you think of other ways in which magnets can help us in our daily lives? In this chapter, you will learn about different types of magnets and h…
Organizations have always looked to maximize their PR budgets, but during an economic downturn, every marketing dollar gets extra scrutiny and is stretched as far as humanly possible. While budgets are being whacked six ways to Sunday in an effort to minimize costs, most communications programs still place a heavy emphasis on the press release as a marketing and public relations tool. It used…
E conomics has traditionally been defined by both its methods and its subject matter. That is to say, there are economic methods—models and statistical tests—that are based on a set of assumptions about the way people behave and interact with one another. Moreover, there is a distinct set of “tools” or “principles” economists employ in their analyses
People go to court for many reasons. One of the big reasons people go to court is to ask a judge to help them when someone hurts them. Or they may have a disagreement with someone and need a judge to tell them what to do. Or sometimes a person gets in trouble with the police and ends up in court. There are many different courts located in New York City. Some courts handle only certain kinds of…
Since the early 1920s, numerous pamphlets and articles, even a few books, have sought to forge a link between "international bankers" and "Bolshevik revolutionaries." Rarely have these attempts been supported by hard evidence, and never have such attempts been argued within the framework of a scientific methodology. Indeed, some of the "evidence" used in these efforts has been fraudulent, some …
Projects are critical to the success of any organization. They are the activities that result in new or changed products, services, environments, processes and organi- zations. Projects increase sales, reduce costs, improve quality and customer satisfaction, enhance the work environment, and result in many other benefits. As organizations have recognized the criticality of projects to their su…
Welcome to the Project Management Guidebook. This Guidebook provides a practical approach to what many consider a complex process: the management of projects. This Guidebook is designed to simplify the management processes required to manage a project successfully from end to end. It defines Project Management in simple terms and provides you with all of the documentation tools required to make…
The European financial landscape has changed dramatically over the last couple of years and the pace of change appears to have moved into a higher gear with the establishment of Economic and Monetary Union (EMU). However, although EMU and the introduction of the euro have played a pivotal role in the changes the European financial system has been undergoing, a host of other factors can be ident…
There is a widespread view that the Credit Crunch of 2007-9 was, in part, a result of insufficient reach of regulation and that a solution is to take existing regulation and spread it more comprehensively across more institutions and jurisdictions. That would be an incorrect diagnosis. At the heart of the crisis were highly regu- lated institutions in regulated jurisdictions. The crisis has inv…
The term ‘‘banking’’ can be applied to a large range of financial institutions, from savings and loans organisations to the large money-centre commercial banks in the USA, or from the smallest mutually owned building society to the ‘‘big four’’ shareholder owned banks in the UK. Many European countries have large regional/cooperative banks in addition to three to five universal …
Business managements make daily decisions on many issues, such as how much and where to produce, for which market, what prices to set, and how much stock to keep. Mathematical models can help to make the best decisions, among the possible alternatives. The objective of this book is to present a survey of selected Operations Research methods, and some of their applications to managerial decisio…
This training guide is designed for information technology (IT) professionals who develop or plan to develop HTML documents such as webpages or Windows Store applications. It is assumed that, before you begin using this guide, you are familiar with web development and common Internet technologies. This book covers some of the topics and skills that are the subject of the Microsoft cer- tificat…
The study of business law and, more generally, the legal environment of business has universal applicability. A student entering any field of business must have at least a passing understanding of business law in order to function in the real world. Additionally, students preparing for a career in accounting, government and political science, economics, and even medicine can use much of the inf…
It turns out the future doesn't really care about space travel. It used to, or at least when I was growing up all the science fiction I read promised that space travel would someday be commonplace. That was what made it the future: we would all be so bored with flying to other planets that we wouldn't even really talk about it anymore, it would just become a dull backdrop to our daily lives. Th…
He that would learn to fly must be brought up to the constant practice of it from his youth, trying first only to use his wings as a tame goose will do, so by degrees learning to rise higher till he attain unto skill and confidence." So wrote Wilkins, Bishop of Chester, who was reckoned a man of genius and learning in the days of the Commonwealth. But so soon as we come to inquire into the mat…
Let posterity know, and knowing be astonished, that on the fifteenth day of September, 1784, Vincent Lunardi of Lucca, in Tuscany, the first aerial traveller in Britain, mounting from the Artillery Ground in London, and traversing the regions of the air for two hours and fifteen minutes, on this spot revisited the earth. In this rude monument for ages be recorded this wondrous enterprise succes…
The past decade has seen tremendous changes in the world economy. Many of these changes are linked to new technological advances that have trans- formed what the global economy produces, the ways in which many goods and services are produced, where they are produced, and how goods and services are transferred from the firms that produce them to the households, governments, and other firms that …
Information and Communication Technology (ICT) has, within a very short span of time, turned out to be one of the basic building blocks of modern society. Many countries now consider understanding ICT and mastering its basic skills and concepts as part of their core education policy. While there have been many new technologies being introduced from time to time, with ever increasing rapidity, …