How did events leading up to the Great Recession illustrate the significance of the Moral Hazard and/or the Principal-Agent problem? Give an example from a news article to illustrate. What could be done to minimize such problems? Answer. We referred to the article given at http://www.cato.org/policy-report/januaryfebruary-2010/perfect-storm-ignorance The root cause of everything that led to the great recession of 2008 can be traced to the Sub-prime Loan crisis. The riskier loans were exposed
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what to do. Every action‚ every single thing we say must first go through our head and we need to decide as a body if its applicable to our very situation and what causes and effects in will have on our lives and in our future. This idea of "the principle of utility" is a piece of our making that gives an outlook of what is meant by our actions. "I say of every action whatsoever; and therefore not only of every action of a private individual‚ but of every measure of government." He talks about happiness
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Principles and Practices of Investment Modes of Islamic Banking | | Abstract: The objective of the study is to gather practical knowledge regarding general banking system‚ investment and foreign exchange system and its operation. By pictorial description it is tried to find out the variation from various departments‚ particularly investment. Other objectives of the report are to identify the various types of existing services rendered by the SIBL. understand the prevailing mechanism of modes of
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12/10/2009 The Inconsistency of the Mass Media with Moral Principles | | Mediated Communications | Final Paper | In today’s society there are many mass media practices that I feel are inconsistent with moral principles. Forms including internet pop-ups‚ junk emails‚ and television news are just three of the many ways that the mass media is inconsistent with moral principles. Even though we‚ as a society‚ face this issue every day‚ there is one way to bypass it. That method is to be
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Fundamental Principles of the Metaphysics of Moral The central concept of Kant ’s Fundamental Principles of the Metaphysics of Morals is the categorical imperative. "The conception of an objective principle‚ in so far as it is obligatory for a will‚ is called a command (of reason)‚ and the formula of the command is called an Imperative." (Abbott‚ 30) An imperative is something that a will ought or shall do because the will is obligated to act in the manner in which it conforms with moral law.
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Management Development Institute of Singapore in Tashkent Subject: Research methodology for business Research topic: Islamic banking system in Islamic and non-Islamic countries. Course: MSc in banking and finance Content ____________________________________________________________ ___________________________ Executive summary---------------------------------------------------------- 3 Chapter 1: Introduction i. Background -------------------------------------------------------------
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Essay on teaching methods in moral and religious education in Namibia First and foremost‚ this paper serves as an essay on teaching methods in moral and religious education in Namibia. There are different types of teaching methods used all around the world and in Namibia as well and these are teacher-centered approach and learner-centered approach. In this paper we will discuss how both methods are used‚ their advantages and disadvantages‚ and to make it a point‚ these methods are not only used
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By: Asif Bhat International Islamic University Malaysia Islamic Worldview Introduction The term worldview has a long and interesting history. As a matter of fact‚ no one survives without a worldview‚ whether he/she is aware of it or not. One’s worldview‚ whether religious‚ philosophical‚ scientific‚ atheistic‚ or otherwise‚ is a core contour of his/her life and existence. Notwithstanding the several definitions and
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to express our deepest appreciation to Mr Zainal Azhar Bin Zainal Azim who is our lecturer for Islamic Finance on giving us the opportunity to work on the assignment and providing us with lots of support and guidance which has helped us to complete the assignment on time. This assignment has brought us in making lots of research and we came across to acquire new things about Islamic Finance and Islamic banking specifically. Nevertheless‚ we would also like to thank our fellow classmates who
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Is the principle of fairness a sound moral principle? Reflection on John Rawls’ theory. The theory of justice as fairness was one of the most important elements of John Rawls’s philosophy‚ the one frequently discussed and significant for the twentieth-century political philosophy. To answer the question stated in the topic I would like to divide my dissertation into two major consecutive parts. First‚ I will examine what the principle of fairness implies and what are‚ in accordance to Rawls‚
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