Models of Currency Crises with Self-Fulfilling Features (Obstfeld 1996) Introduction * EMS (European Monetary System) currencies were subject to speculative attacks from 1992 to 1993 * fluctuation bands of the EMS currencies with respect to the Deutschmark had been widened from ± 2.25% around par to ± 15% in August 1993 * Surprisingly the French Franc‚ Belgian franc and Danish krone traded not far from their original lower bands in the following years‚ even though there their unemployment
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two basic theory to the conceptualizations of job analysis accuracy:- Classical Test Theory and Generalizability Theory. Classical test theory suggests that a "true score" esists for a given job and that true scores are stavle over time. Any measurement variation error are eliminated or aggragated across time or sources. Through this‚ researchers have commonly aggregated job analysis information in order the get the "true score" for every particular job‚ then the quality of job analysis datas are
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Theory X‚ Theory Y by Douglas McGregor is a motivation theory. Douglas McGregor is a social psychologist and applied two sets of assumptions to the organizational structure called Theory X and Theory Y. His theory is based on managerial views of human beings. In his book‚ The Human Side of Enterprise‚ he outlined a new role for managers. He stated that managers should assist subordinates in reaching their full potential‚ rather than commanding and controlling. Theory X is negative and Theory Y can
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Philosophy Ego Theory and Bundle Theory Derek Parfit’s views on personal identity and the Ego and Bundle Theory are all summarized in his article “Divided Minds and the Nature of Persons”. In his article‚ Parfit explains the distinction between Ego theory and Bundle theory and provides several arguments against Ego Theory. Although it proves to be very difficult to believe the Bundle Theory‚ Parfit’s critique is convincing and well thought out. In order to defend the Bundle Theory of personal identity
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EVOLUTIONARY THEORY Evolution is the process in which significant changes in the inheritable traits (genetic makeup) of a species occur over time. The validity and value of evolutionary biology are based on continual analysis and interpretation of accumulating science data. THEORIES OF ORGANIC EVOLUTION • Historically three theories • The views of most modern biologists combine the second and third • No evidence of the first theory‚ that of Lamarck LAMARCK: Inherited Acquired Characteristics
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Main Section <2> Development of Leadership theory <2> Two questions analysis in three parts: Path-goal theory <2> Leader-member exchange theory <4> Transformational and transactional theory <6> 3‚ Conclusion <8> 4‚ Reference List
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1. What is a scientific theory? Please cite a definition you like. As Watson stated in "The Value of Theories"‚ a scientific theory is a systematic explanation that unifies various observed phenomena and facts. Based on observations we make‚ science operates under theories which are constantly revised and checked by experiment. A scientific theory also possesses many vital qualities for true understanding. 2. What is the difference between a scientific theory and common sense ideas about the same
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Theory X and Theory Y From Wikipedia‚ the free encyclopedia This article may require copy editing for grammar‚ style‚ cohesion‚ tone‚ or spelling. You can assist by editing it. (October 2014) Theory X and Theory Y are theories of human motivation‚ created and developed by Douglas McGregor at the MIT Sloan School of Management in the 1960s‚ that have been used in human resource management‚ organizational behavior‚ organizational communication and organizational development. They describe two contrasting
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Theory X and Theory Y Understanding Team Member Motivation What motivates employees to go to work each morning? Many people get great satisfaction from their work and take great pride in it; Others may view it as a burden‚ and simply work to survive. This question of motivation has been studied by management theorists and social psychologists for decades‚ in attempts to identify successful approaches to management. Social psychologist Douglas McGregor of MIT expounded two contrasting theories
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interpretation of CSR. Numerous definitions of CSR have been proposed and often no clear definition is given‚ making theoretical development and measurement difficult. CSR activities have been posited to include incorporating social characteristics or features into products and manufacturing processes (e.g. aerosol products with no fluorocarbons or using environmentally-friendly technologies)‚ adopting progressive human resource management practices (e.g. promoting employee empowerment)‚ achieving higher
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