Principal Component Value at Risk: an application to the measurement of the interest rate risk exposure of Jamaican Banks to Government of Jamaica (GOJ) Bonds Mark Tracey1 Financial Stability Department Research & Economic Programming Division Bank of Jamaica Abstract This paper develops an effective value at risk (VaR) methodology to complement existing Bank of Jamaica financial stability assessment tools. This methodology employs principal component analysis and key rate durations for
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This article highlights key issues / factors that motivated MrJohnston to start his business. These key issues will be analysed using the external and internal factors of entrepreneurship. The internal factors will include theories such as personality theories‚ behavioural theories and sociological and cognitive approaches studied by various individuals and groups. We will also apply the Krueger Model which is an integrated approach to entrepreneurship. We will briefly examine certain external factors
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Journal of Financial Economics 60 (2001) 187}243 The theory and practice of corporate "nance: evidence from the "eldଝ John R. Graham ‚ Campbell R. Harvey * Fuqua School of Business‚ Duke University‚ Durham‚ NC 27708‚ USA National Bureau of Economic Research‚ Cambridge‚ MA 02912‚ USA Received 2 August 1999; received in revised form 10 December 1999 Abstract We survey 392 CFOs about the cost of capital‚ capital budgeting‚ and capital structure. Large "rms rely heavily on present value
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main parties in the insurance business: 1- the insured and 2) the insurer. The insured is the individual or organization‚ which had agreed to contribute an amount of money and been relieved from the risks The insurer is usually an organization‚ which manages the money and undertakes the risks. MFRS 111 -3 Introduction • The insurance business can be broadly categorized into two classes‚ the general insurance and the life insurance. • life insurance business is involved in life insurance
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Nursing Theory In Practice Chamberlain College of Nursing NR 501: Theoretical Basis of Advance Practice September 25‚ 2011 Introduction Imogene King was the developer of both a Conceptual Framework and a Goal Attainment theory. The Goal Attainment theory is a middle-range theory that originated from the Conceptual System. The primary concepts of Goal Attainment theory are perception‚ communication‚ interaction‚ self role‚ grow and development‚ stress‚ and time and space
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SWOT analysis Strengths: Peru is a country blessed with natural resources. In 2010 its exports reached some 23 billion GBP‚ which was mainly made out of minerals‚ petroleum and agricultural products. Its mining industry is the largest in Latin America‚ accounting for 7‚7 billion GBP of its total exports in 2010. The climate is also favourable for agriculture‚ representing 13% of GDP‚ and employing 30% of the population. In addition‚ sites like Machu Picchu‚ Cuscu and Sacsayhuaman make Peru a
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MGT/230 – Management Theory and Practice On April 20‚ 2010‚ approximately 4.9 millions of barrels of oil (Telegraph‚ 2010) spilled into the Gulf of Mexico immediately after an explosion that resulted in the loss of 11 lives and a total cost of 17.6 billion dollars. According to‚ Andrea Thompson of Live Science‚ “ROV robot subs‚ manufactured by a company called Oceaneering‚ have been an integral part of the effort to control the leaking oil.” The result of this tragedy has been top-down
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Term Paper On Management Control System Topic: Recent Balance Scorecard Theory & Practices Of Bangladeshi Company SUBMITTED TO: Md. ABUL KASHEM Associate professor SUBMITTED BY: RIFFAT ARA RAFIQ; ID: 61018-11-061 SESSION: Fall’ 2011 DATE OF SUBMISSION: 26th DECEMBER ’2011 DEPARTMENT OF MANAGEMENT INFORMATION SYSTEM Acknowledgement I express my gratefulness to Almighty Allah for his kindness‚ which enabled
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reviews the foreign exchange exposure of Eurojet due to the future development plans and growth of the low cost airline company‚ this report also highlights the various risks Eurojet‚ faces in operating in different countries identifying‚ measuring‚ and managing the various foreign exchange exposures that might be faced by Eurojet. However‚ some of these issues will be analysed differently. Foreign Exchange Exposure: According to Buckley (2004‚ pg.135) foreign exchange exposure means that a firm has assets
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Research into this question availed great information along with many different responses depending on the scenario. Hunter and Struve (1997) and Pope et al (2006) share that there are most therapists that do touch their patients which is occasionally; few have received any training or guidance about how and when touch might be therapeutic or whether it might be neutral or when harmful. The 2002 Ethics code of the American Psychological Association says very little about touch‚ and does not even
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