prior to the GFC?" When discuss about the behaviour of investor‚ we need to know the financial market standard theory which is Discounted Cash flows Model (DFC). Price or asset value need take expected future cash flow discount gives a present value. The discount rate is the risk-free rate plus risk medium. When the risk is high‚ the asset value will lower. We apply this DFC theory to the behaviour of investors in Greek sovereign debt. According to the DFC‚ when Greek is facing the sovereign debt
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THE GENERAL PROCEDURE There are several variations in problem analysis. But the general approach is the following: Step One: Determine the appropriate product or activity category for exploration. This has already been done if the product innovation charter has a use‚ user‚ or product category dimension in the focus statement. Step Two: Identify a group of heavy product users or activity participants within that category. Heavy users are apt to have a better understanding of the problems‚ and
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ON THE ECONOMICS OF ORGANIZED CRIME By Vimal Kumar and Stergios Skaperdas Department of Economics University of California‚ Irvine Irvine‚ CA 92697 Revised: February 13‚ 2008 Prepared for inclusion in: Garoupa‚ Nuno (ed.)‚ Criminal Law and Economics ABSTRACT: The core function of organized crime is the selling of protection. Protection can be real‚ against third-party crime‚ or manufactured by the organized crime groups themselves. Mafias and gangs emerge in areas of weak state control‚ because
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Crime is an unpredictable and a unexplainable violent thing. Many groups that have different interests who seek in promoting in using their own resources to claim their issue is called social construction of crime. For example‚ Gary LaFree (1989) conducted a study that was based on the study of sexual assault. He found out that men who are accused of sexual assault are then less likely to be convicted of rape only if their victims have had any sort of a bad reputation or an unsuitable living conditions
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a specific crime after proper legal trial. It is usually only used as a punishment for particularly serious types of murder‚ but in some countries treason‚ types of fraud‚ adultery and rape are capital crimes as well. Capital punishment is used in many countries around the world. The question as to whether or not it is morally acceptable for a state to execute criminals and if so under what circumstances‚ has been debated for centuries. The ethical problems involved include the general moral issues
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elsewhere‚ assess the usefulness of labelling theory in explaining crime and deviance. (21 marks) Labelling theorists are concerned with how and why certain people and actions come to be labelled as criminal or deviant‚ and what effects this has on those who are labelled as such. As stated in Item A‚ labelling theory is focused with how individuals construct society based on their interactions with each other. Becker emphasises the significance of crime being a social construct; an action only becomes
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General relativity is a theory of gravitation that was developed by Albert Einstein between 1907 and 1915. According to general relativity‚ the observed gravitational attraction between masses results from their warping of space and time. By the beginning of the 20th century‚ Newton’s law of universal gravitation had been accepted for more than two hundred years as a valid description of the gravitational force between masses. In Newton’s model‚ gravity is the result of an attractive force between
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Theme : Solution to a Malaysian Problem DRAFT 1 The Role of The Individual in Preventing and Reducing the Criminal Offences in Kuala Lumpur‚ Malaysia. Crime has always becoming a major issue in Malaysia. Crime statistics compiled by Habibullah and Baharom in 2008 showed that the crime rates in Malaysia in the last three decades (1973-2003) rose between 1 to 8% per year. Things are getting worst if none of the party was taking action in curbing this problem. Individual’s role is the most significant
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"All men have crimes‚ and most of them are hidden". Do you agree with this statement? As a matter of fact‚ in this modernization and globalization era‚ many people go against the laws to commit the immoral activities such as kidnapping‚ murdering and drug dealing because they are self-centered and they do not care about others’ feeling. Why do people commit crime? Normally‚ people commit crimes because that is what they want to do. Criminal behaviour is a matter of choices. Today‚ there are many
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discussed. Also in this paper the discussion on how crime‚ twin studies‚ adoption studies‚ and testosterone studies are linked to genetics will be discussed. This essay will show some of the strengths and weaknesses of the evidence that is linked to genetics and crime. I will also be giving my feelings on whether or not I agree with police departments using these findings‚ or if they should dismiss such findings. The link between genetics and crimes is a very contentious topic when it comes to
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