Federal Reserve Bank of New York Staff Reports Shadow Banking Zoltan Pozsar Tobias Adrian Adam Ashcraft Hayley Boesky Staff Report no. 458 July 2010 This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors
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“Banking‚ Finance‚ and Money: a Socio-economics Approach” L. Randall Wray‚ Professor of Economics and Director of Research at Center for Full Employment and Price Stability‚ University of Missouri—Kansas City; and Senior Scholar‚ Levy Economics Institute at Bard College. This paper will briefly summarize the orthodox approach to banking‚ finance‚ and money and then will point the way toward an alternative based on socio-economics. It will be argued that the alternative approach not only fits
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question of whether the phenomenon of Islamic finance or Islamic Banking is truly globalizing‚ that is‚ spreading as a universal alternative to conventional finance and banking or whether the proponents of such a view are spreading a myth or are themselves simply deluded by their own enthusiasm. This article has also addresses the various aspects of the globalization of Islamic finance‚ among others‚ the issue of the rise of Islamic banking in the West‚ Islamic jurisprudence and finance‚ the Islamic Financial
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SOCIAL BANKING INTRODUCTION Banking plays a fundamental role in economic progress of a country. It inculcates the habit of savings among people‚ hence helps in boosting the investment base and speeding up the capital formation. At the same time it also helps out the needy‚ by providing them timely credit at an affordable cost. But majority of poor rural and semi urban population in India are unable to avail the basic banking facilities. As a result they are made to rely on private money lenders
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Introduction1 The term ‘‘banking’’ can be applied to a large range of financial institutions‚ from savings and loans organisations to the large money-centre commercial banks in the USA‚ or from the smallest mutually owned building society to the ‘‘big four’’ shareholder owned banks in the UK. Many European countries have large regional/cooperative banks in addition to three to five universal banks. In Japan‚ the bank with the largest retail network is Sumitomo Mitsui Banking Corporation‚2 but its main
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BRANCHLESS BANKING IN PAKISTAN Submitted To Sir Fida Hussain Bukhari Submitted By Syed Qasim Raza Roll No Mi08Bbba011 Hailey College of Banking & Finance Punjab University ACKNOWLEDGEMENT Words will never be able to express enough my fervent gratitude to almighty Allah‚ the most compassionate and merciful‚ for giving me the courage and fortitude to accomplish this gargantuan task. We are the Holy Prophet’s (PBUH) Ummah and we acknowledge that the Holy Prophet’s (PBUH) moral and
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of SWOT on Internet Banking 1 Yan-Qin Su‚ 2Ying-Jun Sun 1 2 Yan-Qin Su‚ Business School‚ University of Shanghai for Science and Technology‚ Shanghai‚ China Ying-Jun Sun‚ Business School‚ University of Shanghai for Science and Technology‚ Shanghai‚ China Email: suyanqin88@126.com Abstract –With the development of Internet‚ online banking has become a development trend of Bank. It also provides more opportunity for the profits. The advantages of the online banking draw attentions from
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Contents Introduction Surfing on the waves of the global economic crises‚ more precisely dealing with the escalating economic disturbances in the Euro zone‚ the economy of United Kingdom has suffered significant difficulties under the recession umbrella. Furthermore‚ given the flexible exchange rate system and a very high degree of international capital mobility within the economy‚ the government struggles to manipulate the monetary and fiscal policy‚ thus overcome the complexity and reach
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Mrs. Suraiya Nazeen Associate Professor Dept. of Finance and Banking University of Chittagong Submitted By: Bidhan Dev Fourth Year B.B.A.(Hon’s) ID No: 08303052 Session: 2007-2008 Department of Finance and Banking University of Chittagong University Of Chittagong Date of Submission: Letter of Submission Date: To Mrs. Suraiya Nazneen Associate Professor Department of Finance & Banking University of Chittagong Chittagong
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The use of a bank located outside the legal jurisdiction of the country of one’s residence for all banking and financial services can be called offshore banking. Offshore banks normally are situated in tax havens and provide secrecy and safety for the depositors. It was the English who coined the word offshore to specify tax havens located in the British Channel Islands‚ which were actually off the shores of Great Britain. The banks located in these islands offering tax savings were the pioneers
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