Journal of Financial Stability 11 (2014) 32–48 Contents lists available at ScienceDirect Journal of Financial Stability journal homepage: www.elsevier.com/locate/jfstabil Financial liberalization and bank risk-taking: International evidence Elena Cubillas a‚∗ ‚ Francisco González b a b Department of Finance‚ CUNEF (Colegio Universitario de Estudios Financieros)‚ Calle Serrano Anguita 9‚ 28004 Madrid‚ Spain Department of Business Administration‚ University of Oviedo‚ Avenida del Cristo
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In simple terms‚ Keynesian economists believe that an outside party must interfere in the economy to balance it out when needed. For example‚ a public entity (e.g. a government) might take corrective action when the private economy demonstrates the need for assistance. Keynesian economics operates on the basis that the economy’s fluctuation requires intervention to meet equilibrium. Keynesian economics was credited for the resolution of the American Great Depression of the 1930s. In this case‚ the
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Macroeconomic Schools of Thought Macroeconomics is concerned with issues‚ objectives and policies that pertain to the overall economy. It focuses on economic aggregates or grand totals that relate to the entire economy. Basically it is how all the elements of an economy function together. Macroeconomics is well thought-out into many different schools of thought‚ which have different views about how markets should operate. The different types of schools of thoughts given
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investors and so on. Bank Negara Malaysia Bank Negara Malaysia (BNM) was established under the Central Bank Act on 1958.It is a statutory to promote stability and sound financial structure. BNM act as important role to issue currency and keep reserves safeguarding the value of the currency. BNM control the amount of money of supply by using fiscal policy or monetary policy. Furthermore‚ BNM is to safeguarding the value of the local currency there is Ringgit Malaysia doesn’t depreciation. In other word
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Advance Macroeconomics 1. Why the rich become richer and poor become poorer? It is because of the rising in inequality. He rich have got richer‚ and the poor have become relatively poorer. It is not that the real incomes of the lowest paid have fallen (though in some cases real incomes have been stagnant) but‚ they have fallen behind higher income earners. The gap between the highest paid and lowest paid has increased. In the past couple of decades it feels like the ‘rich have got richer
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Fiscal and Monetary Policy Monetary and fiscal policies are the actions taken by the governments to conduct their macroeconomic policy. They always come together‚ but define different events. Monetary policy defines the actions of central banks aimed at achieving government’s macroeconomic goals‚ namely full employment‚ stability of prices‚ and economic growth. Fiscal policy is the taxation mechanism of how a government earns to the budget and what it spends it on. In the United States‚ the Federal
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Monetary policy is the government or central bank process of managing money supply to achieve specific goals‚ such as constraining inflation‚ maintaining an exchange rate‚ achieving full employment or economic growth. Monetary policy can involve changing certain interest rates‚ either directly or indirectly through open market operations‚ setting reserve requirements‚ or trading in foreign exchange markets. It must be universally agreed that low and stable inflation is a primary and essential goal
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Education and population control are key to ensuring the development of a country‚ therefore there is a need for the governments of various countries to implement strategies to improve education standards and promote population policies in different parts of the world. Countries that have a higher standard of education tend to be developed countries ( DCs)‚ and countries that have a lower standard of education tend to be less developed countries ( LDCs). This is because‚ if more people in the country
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Keynesian Economics and the Mortgage Crisis The recent mortgage crisis in the US was unprecedented. It led to a massive clampdown of financial institutions‚ occasioning one of the worst financial melt-downs the US has ever faced (Jaffe‚ 2008). Quite naturally‚ it would be necessary to examine the cause of the crisis in order to draft prophylactic measures that would prevent the same financial disaster in the future. This paper will discuss the events that led to the mortgage crisis. The
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Kyle Stallings SYG 2000 10/30/13 Three Theoretical Approaches Sociologists today employ three primary theoretical perspectives; the symbolic interactionist perspective‚ the functionalist perspective‚ and the conflict perspective. These perspectives offer sociologists theoretical paradigms for explaining how society influences people‚ and vice versa. Each perspective uniquely conceptualizes society‚ social forces‚ and human behavior. The symbolic interactionist perspective uses symbols and
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