Joseph Yam had mentioned by June 2012that it should be time to call for a review of the link to dollar. This reminded us to focus back on this 29-year-old currency linking system of HKD to USD. It was a very good / effective system to help Hong Kong to remain stable under the economic turmoil when first applied in 1983. This formed a very firm ‘firewall’ to protect the stability of the Hong Kong Dollar. We also had the testimony for the effectiveness of this system while the economic crisis that
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BROWNIAN MOTION 1. I NTRODUCTION 1.1. Wiener Process: Definition. Definition 1. A standard (one-dimensional) Wiener process (also called Brownian motion) is a stochastic process {Wt }t≥0+ indexed by nonnegative real numbers t with the following properties: (1) (2) (3) (4) W0 = 0. With probability 1‚ the function t → Wt is continuous in t. The process {Wt }t≥0 has stationary‚ independent increments. The increment Wt+s − Ws has the N ORMAL(0‚ t) distribution. A Wiener process with
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Between 600 BCE and 600 CE‚ the development of a strong centralized authority is a cause to the unification of Chinese warring states and the subsequent rise of the Qin Dynasty. An effective bureaucracy in the Qin state was used as a tool of centralization to subordinate the aristocracy. With the removal of multiple local authorities‚ the Qin state quickly developed their economy and formed a stronger military. Merchants no longer had to worry about varying local taxes and regulations thereby increasing
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Totalitarianism Thrives on the Exploitation of the Weak By the Strong "Napoleon is always right." - George Orwell‚ Animal Farm‚ Ch. 5 The novel that elevated George Orwell to literary fame was Animal Farm; a satirical ‘fairy tale for adults’ based on the themes of totalitarianism and Stalinism. In accordance with the theme‚ the book heavily satirizes the Russian Revolution; both directly and indirectly‚ and therefore gives rise to a host of examples to substantiate the statement: ‘Totalitarianism
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Jakob Peterson Mrs. Gardner Language Arts P.6 16 November ‚ 2015 Hate Is a Strong Word Hate is a strong word‚ and in this case it is used correctly. The KKK is one of the most popular hate groups. They are a racist “ group” that has been known for believe in “ white supremacy”. It was started by a few confederate soldiers after the Civil War. The Ku Klux Klan is filled with hate‚ but why? They are so many things people don’t know about the Klan
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Techniques for Building Relationships Your first strategy to building a strong customer relationship could be to make every customer interaction count. Don’t take a single customer for granted. Each and every interaction with a customer is a gift and should be valued. You can achieve that by setting up a focus group made up of loyal customers. A focus group can be a vital tool to getting into the mind of your customers and knowing their needs. Another strategy is to really listen to customers
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searching for answers and the only way they could come up with an explanation was to create a myth that explained the unexplainable. In Greek Mythology the paradox‚ a gift can be a curse‚ consistently appears in the myths. Many people’s greatest strength is also their weakness which can lead to their downfall. Some curses are justified but most aren’t fair at all. In many cases‚ in myths‚ it’s better not to accept a gift because it can turn on you and make everything worse. For example‚ how Hercules’
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complete the task or project. Projects often require that people work together to accomplish a common goal; therefore‚ teamwork is an important factor in most company or any organizations. It is very important that everyone get along and you have a strong team leader to help things run smoothly. Another advantage is you get to work with different kinds of people you wouldn’t normally socialize with. In this group‚ your social skill can be improved and you can learn how to work with others cooperatively
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Chapter 6: A Strong Start for the Nation 1789 to 1815 Study Guide 1. Jay’s Treaty-The existence of the forts and British troops stationed in the Northwest Territory violated the Treaty of Paris. Hoping to avoid war‚ President Washington sent Chief Justice John Jay to Britain in 1794 to negotiate a settlement. John Jay negotiated in which the British agreed to give up their northwestern forts in exchange for the United States paying debts owed to the British. But the British did not stop arming
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Fluctuation VS Dollar and relationship in terms of Rupee appreciation that is dollar depreciation and rupee depreciation that is dollar appreciation. It provides valuable insights into impact of changes in currency relations on various sectors of economy keeping in focus economy in general and Indian economy in particular. Pros and Cons of currency appreciation and depreciation are studied as boon and bane for the economic growth. Keywords: Appreciation‚ Rupee Fluctuation‚ Depreciation‚ Rupee-Dollar. I.
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