Topic 2: Discuss the extent to which a National Central Bank should be reluctant to act as a lender of last resort. Abstract This study provides an overview of central bank’ “lender of last resort” (LOLR) function. “Lender of last resort” has a very important role in helping the central bank’s monetary policy operating through changes in rediscount rate and refinance rate. The main purpose of LOLR for all the central banks is to ensure the stability and safety of the commercial banking system
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Chris Street wrote the article‚ “A Reluctant Writer’s Entry into a Community of Writers.” In Street’s introduction‚ he describes how he had a student named John who seemed angry‚ and didn’t seem to like writing. Finally‚ Street decided to change his ways of teaching his class. He began to let his students talk about what they cared about and what they knew‚ while he listened. This began to change his students writing. Street could see more interest in the student’s writing‚ and even John seem to
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Appearance versus reality motif means that someone trusts what they see more than what they know and is driven to the looks of a scene‚ object or person versus their “gut feeling” due to inexperience. The Landlady by Roald Dahl is the story of 17-year-old Billy Weaver who traveled to Baths in hopes of finding a job to become closer to becoming a successful businessman. Young Billy trusted his sight rather than what he believed and stayed at a bed and breakfast‚ located in a run-down part of town
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The River Motif In The Adventures of Huckleberry Finn Huckleberry Finn… this is the very name that can sound familiar to almost everybody from pupils in elementary school through students at university to elderly grandparents. But the more astonishing is that the characters‚ the flow of events and the bunch of themes‚symbols and motifs included mean for everybody something absolutely different. Till for an 11- year- old little boy it provides a real boyish story full of flabbergasting‚ enviable
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“He just stared at me‚ and I saw that he had no idea of what late was. Glendine‚ his mama‚ probably lets him fall asleep in front of the set every night. I pictured him crumpled up on that smelly shag rug she keeps in front of the TV to catch the spills and crumbs” (2) The Author uses very strong and suitable words in this passage. For example he uses the word crumpled to describe the little boy laying on the rug. He could have used curled up or bundled up. Those words would have a warm cozy feeling
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The Symbolic use of Motifs in “The Unbearable Lightness of Being” by Milan Kundera. Looking at “motifs” in general may at first seem vague‚ yet Kundera places a large amount of weight on the way motifs shape us as human beings and construct the way in which we identify ourselves or rather choose not to identify ourselves. From the beginning of the novel‚ Kundera readily admits to the fictionality of his characters that he has constructed‚ stating that they arose from several “basic situations”
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Settings: KENT: Pip’s hometown of Kent is where the book opens up‚ it “was a marsh country‚ down by the river‚ within‚ as the river wound‚ tweny miles of the sea” (pg 1). Within the town‚ around the churchyards criminals are always presently lurking about and because the town is so near the ocean‚ the mists hung around and not only gave a visual of the murkiness of the area‚ but also represented the ominous atmosphere. LONDON: London is broken‚ every single place described in London‚ including
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1. Do you believe the United States is becoming more secularized or more fundamentalist? Comparing your generation to that of your parents or grandparents‚ what differences do you see in the relationship between religion and society? What would popular media have you believe is the state of religion in the United States today? In the United States today I see more megachurches than smaller‚ intimate churches that were common when I was growing up. I do not see this as a bad thing‚ due to people
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Carl Sandburg’s Motif of Blood as a Symbol of Both Life and Death The image of the color red is presented in at least 25 of the poems of this collection. In some instances‚ red is a symbol of passion and life‚ but in others it is offered as a symbol of suffering‚ death‚ and waste. Sandburg frequently presents this motif with the image of blood‚ especially in War Poems. The blood image also has a dual meaning for Sandburg. He uses it to represent both life and death as well. While these two images
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elegy about the death of John Keats. In modern literature‚ the greatest representation of death is in the work The death of Ivan Ilych by Tolstoy and a short story called The dead by James Joyce. Since colonial times to the nineteenth century‚ the motif of death was very present in the American literature. Scholars such as Gerald Kennedy‚ Wendy Simonds and Barbara Katz noted that this theme was very popular in poetry‚ especially in elegies about maternal grief. Examples of these poems could
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