Financial market development The financial and economic crisis has highlighted the central role of a sound and well-functioning financial sector for economic activities. An efficient financial sector allocates the resources saved by a nation’s citizens‚ as well as those entering the economy from abroad‚ to their most productive uses. It channels resources to those entrepreneurial or investment projects with the highest expected rates of return rather than to the politically connected. A thorough
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Financial Institutions and Markets 2.1 Outline the roles of the various monetary authorities that regulate the Australian financial system. What is the role of Council of Financial Regulators? In Australia‚ the role of monetary authorities is split between three independent statutory agencies with specific responsibilities in the Australian financial sector: 1. The Reserve Bank of Australia (RBA)‚ Australia’s central bank‚ is responsible for monetary policy‚ systemic stability and the payments
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complement Nigerian carbohydrate meals. Sadly Nigerians inclination to go into business in the fields where thousands have already made their fortune has led to the ulter neglect of such lucrative area of snail farming in Nigeria or export at international market. Many people see snails here and there. Some people take it as meat. But quite a number don’t know how to go about rearing them. This is made worse because snails‚ which belong to the family of animal called MOLLUSCA‚ is a hermaphrodite. It has both
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Financial Market and Financial Instruments Market is simply defined as an area for potential exchanges. Thus market is a group of buyers and sellers interested in negotiating the terms of purchase or sales of goods and services. Similarly‚ financial market is that market is traded- loaned or borrowed-in-terms of different financial assets or instruments stocks and bonds are traded. "Securities" means shares‚ stock‚ bond‚ debenture‚ debenture stock issued by a corporate body or a certificate to unit
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EC3314 – Financial Economics Fall 2013 Vinay P NUNDLALL Problem Set 1 Question 1 Explain what is meant by the following: a. A broker holding securities in street name A brokerage account where the customer’s securities and assets are held under the name of the brokerage firm‚ rather than the name of the individual who purchased the security or asset. Although the name on the certificate is not that of the individual‚ they are still listed as the real and beneficial owner and have the rights
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The impact of e-banking over the personal and business life of a person or institution Introduction: Growth of Electronic banking in a country depends on many factors‚ such as success of internet access‚ new online banking features‚ household growth of internet usage‚ legal and regulatory framework. E-banking can offer speedier‚ quicker and dependable services to the customers for which they may be relatively satisfied than that of manual system of banking. E-banking system not only generates
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World Bank The World Bank is an international financial institution that provides loans[3] to developing countries for capital programs. The World Bank’s official goal is the reduction of poverty. According to the World Bank’s Articles of Agreement (as amended effective 16 February 1989)‚ all of its decisions must be guided by a commitment to promote foreign investment‚ international trade‚ and facilitate capital investment. The World Bank differs from the World Bank Group‚ in that the World
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with varied problems. Years after serious problems were exposed to the public‚ it has become increasingly apparent that our elections system is technologically‚ legally‚ and administratively inadequate and unfair. Over the last three years‚ INEC‚ Nigerian politicians‚ civil society organizations‚ and the international community have all sought to learn from 1999 and 2003 elections by launching projects that aim to improve the Nigerian electoral process (Carl Le Van‚ 2006). PROBLEMS The management
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Tutorial 1 1. Ice breaking session 2. General overview of financial markets and institutions module 3. Group project briefing 4. Mid semester and final examination 5. Other relevant matters Tutorial 2 : Financial Intermediation 1. Why is financial intermediation important in the economy? Because they channel funds from those who do not have a productive use for them (surplus sector) to those who do (deficit sector)‚ thereby resulting in higher economic efficiency
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effort. Indian retail has been quick to capitalize on this new concept‚ thereby heralding a new era of e-tailing. Although e-commerce has been prominent in the online domain for quite some time now‚ yet it is different from e-tailing in the sense that while the former includes sale of goods and services‚ the latter pertains to only goods. Despite certain prevalent inhibitions regarding the prospects of e-tailing in the country‚ this form of shopping has suddenly received a new lease of life and is well
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