VaR‚ Stressed VaR‚ and Expected Shortfall Jim Chen* This note summarizes the measurement of market risk in the trading book under the most recent accords of the Basel Committee on Banking Regulation‚ known as Basel II‚ 2.5‚ and III. Each of these three accords on global banking regulation has embraced a different primary measure of market risk: traditional value-at-risk (VaR)‚ stressed VaR‚ and expected shortfall. After introducing the mathematics of VaR and expected shortfall‚ this note will
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Patterns of Knowing in Nursing Patterns of Knowing in Nursing Nursing education has evolved greatly over the years‚ in the mid-19th century‚ nursing was seen as a mothering and homemaking role; today nursing has a more scientific base (Peplau‚ 1986). Nursing is much more than following doctors’ orders and performing comfort care. Nurses must be able to apply different aspects of knowledge into their care in order to provide quality care to their patients. According to the American
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and development in the early years: Learning outcome 1: Understand the purpose and requirements of the areas of learning and development in the relevant early years framework. 1.1 Write about how one example of an activity/ experience that provides an explanation of how it links with the areas of learning: The activity I have chosen to write about is ‘hopscotch’. Hopscotch links to two of the prime areas and one of the specific areas: Prime area: Physical development – one of the reasons why hopscotch
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2 CYP 3.1 (1.2) Explain the difference between sequence of development and rate of development and why is this difference important. Sequence of development refers to the normal sequence in which children learn different skills‚ and the rate of development refers to the speed in which a child will develop. However‚ according to Burnham et al (2010) the difference between the sequence of development and the rate of development is that the sequence refers to the normal or expected sequence in which
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Keeping children safe A child’s ability can change daily on what they can do so it is important to make sure you are keeping up with this when looking at safe environments for children. To do this you need to look at the hazards within the setting and change them to make them suitable for the children. Your manager or the company should look at the frequently by carrying out Health and Safety risk assessments within the setting. To make sure each child is safe you should identify the hazards around
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The Shakespearean play "Macbeth" follows what is expected in a Shakespearean tragedy by containing characteristics similar to all Shakespearean tragedies. These are the fatal flaws in Macbeth‚ the fall of noble‚ respectable man with great qualities‚ Macbeth‚ and Macbeth’s terrible murder of the King in order to obtain the crown‚ which causes absolute chaos. Macbeth’s character contains fatal flaws that cause him to do evil. These fatal flaws are a limitation to Macbeth’s otherwise worthy character
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are multiple reason how different aspects of development affect one another and this is because the physical‚ social‚ emotional‚ intellectual all interlink with one another. If a child is less developed in reading‚ then when it comes to reading time as a group they may feel uncomfortable and not want to interact with anyone to form a friendship and this makes them feel slightly embarrassed and have low self-esteem. This them affects the child’s social and possibly language development. This then affects
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Explain the reasons for the fall of the Romanovs The cause of the fall of the Romanov dynasty in 1917 was a result of long-term causes including Tsar Alexander’s inability to satisfy his people and Tsar Nicholas II’s inability to rule to throne all together. The Bloody Sunday event‚ the war with Germany‚ Rasputin and Tsars bad decisions was also some of the causes which led the Romanovs to fall. It all began in 1894 when Alexander III‚ died leaving his son Nicholas II to become the tsar of Russia
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Transgenerational pattern of child rearing refers to the idea that “family factors are transmitted from generation to generation”. These factors include‚ but are not limited to‚ personality characteristics‚ religious beliefs‚ value of education‚ and child rearing techniques. I interpret it to mean that we will raise our children according to how we were raised ourselves in terms of discipline and how we react to certain situations. Many factors contribute to children becoming aggressive
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Reasons Why Parents Should Read Aloud to Children One of the greatest gifts that a parent can bestow upon a child is the gift of literacy. Reading is a wonderful pastime‚ and the key to unlocking many academic puzzles. Parents should read aloud to children as part of a regular routine‚ one that can be thoroughly enjoyed by both parties. Firstly‚ reading aloud to children poses the benefit of being quality time spent together. Parents need to have special time with their children‚ and reading
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