Dsn S 183: Lecture 11 (October 3): Kitsch‚ Camp‚ and the Double Eagle Slide Identifications. Be prepared to recognize‚ identify‚ or discuss any of these images in a future exam: 1-3. Examples of kitsch: pink flamingos‚ garden gnome‚ Hello Kitty stationery‚ Precious Moments figurines‚ painted plaster Pietà. 4. Photo of Thomas Kinkade with one of his works. 5. Thomas Kinkade. Happy Valley‚ c. 1990. Mass-produced lithograph copy of original oil painting. 6. Photo of Jeff Koons with one of his works
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Honduras The Best Country Ever Honduras is located right in the center of Central America. Honduras is big at least‚ in Central America terms. But it’s not the largest one. Some of the reason to travel to Honduras is the food‚ places‚ and prices. These attraction and features make Honduras travel unique. I really enjoy Honduran cuisine. It’s hard to put a label on or categorize‚ but a typical breakfast usually includes rice‚ beans‚ and tortillas. However‚ best beloved are the noteworthy
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The Bangko Sentral ng Pilipinas (The New Central Bank) Change in the system of the Monetary Board: (2) from the Government‚ (5) from the private sector. Objectives: Adoption of price stability Conductive to a balance sustained growth Maintenance of monetary stability Convertibility of the peso Bangko Sentral strengthens the regulations and supervision framework for banks and quasi-bank. Chronology of Events: Central Banking in the Philippines 1900 Act No. 52 was passed by the First Philippine
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demand and supply for currency. Managed float system’s exchange rate is similar with free float system which the exchange rate is freely floating depending on market’s condition‚ demand and supply but the feature that differs is the involvement of central bank intervention to smooth out currency fluctuations for a managed float system. Fixed exchange rate system’s exchange rate is pegged to a major currency of another country at a specific and fixed rate of exchange‚ which the exchange rate is managed
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(202 BC – AD 220). Originally‚ the Chinese trade silk occurred internally within the empire‚ but the caravans were often attacked by central Asian tribes‚ hoping to find some valuable commodities. In order to protect these caravans‚ the Han Dynasty extended its military defenses further into Central Asia. Later came the idea to expand the silk trade to central Asia. Silk Road extension: The land routes are red‚ and the water routes are blue Source: http://en.wikipedia.org 2- Name and
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International Financial Management Foreign Exchange Risk Analysis Assignment submitted by: CURRENCY EXPOSURE A currency exposure is any business operation whose profitability can be impacted by a currency exchange rate fluctuation. Currency exposures assume many forms: they can be assets or liabilities; current or committed; contracted or merely forecast; they can be for trade‚ investment or balance sheet purposes. Cases of currency exposure can emerge at any
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and under development of the country. The tools used by the PBOC to control liquidity are largely similar to those used by other central banks; however‚ there are individualities to them. The PBOC uses tools such as OMO‚ RRR‚ Window guidance and Administrative Measures. Distinctive features presents in each area. Window guidance is unique to China‚ where the central government set directives to the sector development focus‚ stimulating the growth of certain industries. The most recent update on
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Part B – Macroeconomics Question 10: a) Which of the following are final goods and services and which are intermediate goods and services? Please explain why in your answer. i) A windscreen purchased by a motor vehicle spare parts supplier; Intermediate goods – by national accounts (GDP) windscreen primary production value has already been accounted. It is being resold at a deflated value as second hand goods. ii) A new bulldozer to be used by a construction
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“PV of payments”. 3a) What incentives arise for a central bank to fall into the time-inconsistency trap of pursuing overly expansionary monetary policy? Answer: Central bankers might think they can boost output or lower unemployment by pursuing overly expansionary monetary policy even though in the long run this just leads to higher inflation and no gains on the output or unemployment front. Alternatively‚ politicians may pressure the central bank to pursue overly expansionary policies. 3b)
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out that even the largest the banks went bankrupt and asked the central government for help. That is because the banks are almost private‚ and the government gives too much freedom to them‚ they abuse this power and participate in the vicious competition which leads them to the decline. Therefore‚ the supervisory control of the banking system is different. Their central banking system is also different. In China‚ the central bank is called People’s Bank of China; it is an embranchment of
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