When we published the first edition of Paying for Performance in 1997, the business
climate was very different than it is today. At that time, the U.S. financial markets were in the midst of an unprecedented multiyear boom. Many established
companies were delivering record profits, but perhaps more important, a
myriad of “new economy” marvels were rewriting long-standing rules about the relationship between earnings and market value, the relative importance of
growth and profitability, and the definition of what constitutes successful business performance.
The Committee evaluated the case for lowering the 20% CCF under the Basel II
standardised and FIRB risk-based measures. The CCF is relevant for short-term self-
liquidating trade letters of credit arising from the movement of goods. Essentially, it reduces
capital requirements by 80% as compared to positions that are subject to a 100% CCF.
The current 20% CCF has been part of the Basel capital framework since their inception in
Although many families may struggle over the coming months, history demonstrates that
the U.S. economy is resilient and will recover from the current economic downturn. However,
the growth path may not look the same as that envisioned before the recession.
In the near term, various factors should help to stem the downturn and eventually
increase overall production and lead to employment growth. Most obviously, the ARRA
provides $787 billion of fiscal stimulus spread primarily over the next two years. This fiscal
stimulus takes a number of forms: tax cuts for working...
This process is used by primary care providers as well as specialists. It may take only a few minutes if the problem is simple and straightforward. On the other hand, it may take weeks in a patient who has been hospitalized with bizarre symptoms or multi-system problems, with involvement by several specialists.
Real-world accounting basics that can be applied today, written by a proven accounting author
How do you make sense of the accounting report or balance sheet you’ve just been handed? How do these reports help you to understand the company’s performance? How do you use the numbers you have been given to make good business decisions in the short- and long-term?
MBA Fundamentals in Accounting and Finance offers real-world accounting and finance basics that can be applied today. In the business world, we are frequently called on to review and analyze financial data.
The purpose of this book is to provide a straightforward but thorough
introduction to accounting and finance for executives and managers who
are studying these subjects, formally, for the first time. It is an entry-level
text to be used before moving on to more advanced material.
A high degree of practicality and relevance are introduced with a
strong ‘real world’ flavour supported by examples from leading international
companies. The glossary of terms is designed to be as comprehensive
as possible so that readers can obtain clear guidance at a time
when they most need it....
The hierarchical architecture is a straightforward extension of a centralized
architecture. It only requires that the basic central server be modiﬁed to propa-
gate any information that it receives (i.e., subscriptions, etc.) on to its “master”
server. In fact, the server/server protocol we use within the hierarchical archi-
tecture is exactly the same as the protocol described in Section 3 for commu-
nication between the servers and the external clients of the event notiﬁcation
Cisco Systems, Inc., the worldwide leader
in networking for the Internet, has
prepared this guide to make networking
easier for your campus or district. If
you’re new to networking, it’s an ideal
introduction, starting with the most basic of components and helping you pinpoint the
best technologies and design for your network. If you already know your networking
ABCs, look to this guide for straightforward explanations of key terms and concepts to
keep building your knowledge base.
We give an analysis of ellipsis resolution in terms of a straightforward discourse copying algorithm that correctly predicts a wide range of phenomena. The treatment does not suffer from problems inherent in identity-of-relations analyses. Furthermore, in contrast to the approach of Dalrymple et al. , the treatment directly encodes the intuitive distinction between full NPs and the referential elements that corefer with them through what we term role linking.
Furthermore metals are not renewable, although their reserves may last for several hundred
years. Therefore, in general terms, in order to reduce the environmental impacts of metals, the
most straightforward criteria would be to reduce the amount of metals used in favour of wood
Increasing the share of recycled materials in metal also considerably reduces the energy
needed to produce steel and aluminium. For example the energy needed to produce 1kg of
100%-recycled aluminium is approximately 10% of that needed for the production of primary
This paper analyses empirically if there is a link from central bank finances to inflation. There is no
consensus on this issue in the academic literature. On the one hand, there are papers arguing that a
central bank’s financial weakness can lead to “policy insolvency”. On the other hand, some authors
argue that central bank financial strength is just one of many features of the monetary policy
institutional set-up, and that its link to inflation is far from straightforward. In terms of country case
studies, one can find examples in both directions, too.
As we have seen, the banks in Georgia are liquid, stable, and poised in their growth to
undertake an expansion of their long-term loan portfolio to sectors beyond real estate secured
loans. In addition, Georgian banks have extensive branch systems so implementing a long-
term credit program would be straightforward. Branch networks are in place, ready pools of
customers are present, and the bank operational systems already exist.
As demonstrated by the small percentage of loans to the agriculture and industrial sector,
banks are risk averse to both sectors.