of corruption. A survey of consumers carried out by the TIB in 1998 provides corroborating evidence for the types of corruption suggested by the diagnostic reports. Of 620 households in the TIB survey of corruption in Bangladesh‚ 53 had taken out a bank loan and 30 of them used bribery or influence to secure the loan. This study makes use of TIB’s repository of publicly available information on corruption. TIB Internal reports generated by the research staff support the general nature of our findings
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and Cost of Debt This table summarizes the latest bond ratings and appropriate default spreads for different countries. While you can use these numbers as rough estimates of country risk premiums‚ you may want to modify the premia to reflect the additional risk of equity markets. To estimate the long term country risk premium‚ I start with the country rating (from Moody’s: www.moodys.com) and estimate the default spread for that rating (US corporate and country bonds) over the treasury bond rate
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anos 1990 e poupança externa” [Financial crises in the 1990s and foreign savings]‚ Nova Economia 18 (3) September: 327–357. Reduced version in L. C. Bresser-Pereira (2010: chap. Buiter‚ Willen H. 2008. “Central banks and financial crises‚” Kansas City: 2008 Symposium of the Federal Reserve Bank Kansas City‚ August 21-23‚ available at Chesnais‚ François. 1994. La Mondialisation du Capital‚ Paris: Syros. Cintra‚ Marcos Antonio Macedo and Maryse Farhi. 2008. “A crise financeira e o shadow banking” [The
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European nations in early 2010. This report will analyse the impact of the crisis on the performance and risk exposure of two major banks: Alpha Bank (AB) and Deutsche Bank (DB).. Alpha Bank‚ the second largest Greece bank‚ locates in one of the five Euro-zone nations which suffered the most following the global crisis. At the same time‚ Deutsche Bank (DB) is a German bank which operates in both investment and commercial banking sectors. In particular‚ this report will study the asset and liability structure
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Grameen Bank: Taking Capitalism to the Poor Evaristus Mainsah* MBA ’04 Schuyler R. Heuer MBA ’04 Aprajita Kalra MBA/MIA ’04 Columbia Business School Columbia University School of International and Public Affairs Qiulin Zhang MPA ’04 Columbia University School of International and Public Affairs This paper was written as part of the course Emerging Financial Markets taught by David O. Beim‚ professor of professional practice‚ at Columbia Business School in fall 2003. The authors are
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Introduction What is bank? Finance is the lifeblood of trade‚ commerce and industry. Now days‚ banking sector acts as the backbone of modern business. Development any country mainly depends upon the banking system. MODERN BANKING: - The banking‚ which was known in various forms and guises in The ancient civilization in various parts of the world did not Coincide with the emergence of the modern Banks. The Banking which had its roots in the flourished culture
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* Bank of America’s profit Margin stayed consistently on top of the Industry from the beginning of 2000 until the end of 2008. This shows that compared to similar firms‚ Bank of America had a greater control over its cost when compared to its rivals. From 2000-2008‚ Bank of America held a 5.439% higher profit margin than the whole Industry. Inversely‚ during 2009 Bank of America took a huge dip in its profit margin due to the economy having its worst recession in over 70 years. Thankfully‚ we were
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tighter credit and consumers become more careful in spending money; more people prefer to pay with debit cards nowadays. According to the Nilson Report‚ Americans made 28.4 and 21 billion purchases respectively using debit and credit card in 2008. In 2009‚ the total credit card purchase transactions went down 4 percent; it was recorded as $20.2 billion. However‚ the total debit and prepaid card transactions in U.S. was $36.2 billion‚ an increase of 8 percent. (http://www.creditcards.com/credit-card
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Study on Perception and Awareness on Credit Cards among Bank Customers in Krishnagiri District Dr.S.SUDHAGAR Assistant Professor of Commerce‚ MGR College/Periyar University‚ India. Abstract: A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder ’s promise to pay for these goods and services. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which
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problem of the absence of credit history and information of their borrower. The lender faces a problem due to its inability to verify either the borrower’s characteristics (e.g. nature of the project‚ risk involved‚ etc.)‚ or to verify the borrower’s effort to realize profits. This leads to the problem of adverse selection where the lender is left with very little information about the quality of the borrower (whether a good/safe‚ or a bad/risky borrower.) As a result‚ the bank cannot charge a higher
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