Responsibilities must be clearly assigned to individual persons and/or com-
mittees. In addition, the relevant units must be functionally independent to
avoid potential conﬂ icts of interests.
Senior management should ensure that
adequate interest rate risk management is in place for measuring, monitoring
and controlling interest rate risks, and that all the relevant business units of
the bank have been taken on board.
The case for a rise can be put quite simply. An early increase in Bank Rate makes it more likely that the
inflation target can be met in two to three years time because it allows for greater subsequent flexibility. If
inflationary pressures subsequently prove more severe than the central part of our forecast suggests, then it
will be a help to have started to raise interest rates earlier. But if they prove less strong then subsequent
increases can be slower than would otherwise be the case. Indeed, if the economy is extremely weak,
interest rates can be...
The interest-on-reserves regime has four attractive features.
First, the regime would make full use of two monetary policy
instruments—open market operations and interest on
reserves—to enable a central bank to simultaneously pursue
interest rate policy and an independent objective for aggregate
bank reserves. That would potentially improve on the Fed’s
current operating procedures that obligate bank reserves to
support interest rate policy.
Aerospace power has become the archetypal expression of the U.S. ability to project force in the modern world. Throughout the world, U.S. aerospace power—and thus, the U.S. Air Force (USAF)—plays a critical, and often primary, role in securing U.S. interests, in promoting American values, and in protecting human rights. While the USAF has had significant success in employing aerospace power in the recent past, emerging trends in international relations, in technology, and in our own domestic society will create a wide variety of new challenges and new opportunities for U.S....
This chapter introduces you to strategic thinking and how to use game theory to model economic behaviour. You will learn that making self-interested choices sometimes leaves you worse off than you would expect.
Often treated by Americans as an exceptional form of warfare, insurgency is anything but. Spanning the globe, centuries, and societies, insurgency is quite common. Given the threat insurgency presents to U.S. interests and allies around the world, the importance of counterinsurgency is no surprise. However, history has shown
Asian Brand Strategy offers insights, knowledge and perspectives on Asian brands and branding as a strategic tool and provides a comprehensive framework for understanding Asian branding strategies and Asian brands, including success stories and challenges for future growth and strengths. The book includes theoretical frameworks and models and up-to-date case studies on Asian brands, and it a must-read for Asian and Western business leaders as well as anyone interested in the most exciting region of the world.
Professor Wahlen's teaching and research interests focus on financial accounting, financial statement analysis and the capital markets. His research investigates earnings quality and earnings management; earnings volatility as an indicator of risk; fair value accounting for financial instruments; accounting for loss reserve estimates by banks and insurers; stock market efficiency with respect to accounting information; and testing the extent to which future stock returns can be predicted with earnings and other financial statement information. ...
Wedweek and Brandweek Books are designed to present interesting, insightful books for the general business reader and for professionals in the worlds of media, marketing, and advertising. These are innovative, creative books that address the challenges and opportunities of these industries, written by leaders in the business. Some of our writers head their own companies, others have worked their way up to the top of their field in large multinationals. But they share a knowledge of their craft and a desire to enlighten others....
Consulting is a knowledge-intensive industry, in which human resources are considered
to be the most important asset. This industry, which had been flourishing
until recently, has attracted the interest of academia, private business, public authorities
and even journalists. As a result, a broad range of issues related to this
sector have been explored in detail. However, only a few contributions deal with
personnel or human resource management.
The book includes theoretical frameworks and models and up-to-date case studies on Asian brands, and it a must-read for Asian and Western business leaders as well as anyone interested in the most exciting region of the world. The book presents the Asian Brand Leadership model illustrating the paradigm shift Asian brands need to undertake to unleash their potential.
This book is primarily for PhD scientists and engineers who want to learn about
quantitative finance, and for graduate students in finance programs’. Practicing
quantitative analysts (“quants”) and research workers will find topics of interest.
There are even essays with no equations for non-technical managers.
Sony Corporation Introduction Characteristics of Learning Organizations Frequent Rotation of Managers Continual Training of Personnel Decentralization of Decision Making Encouragement of Multiple Experiments High Tolerance for Failure Openness and Diversity of Viewpoints Implementing Change in Static Organizations Resistance to Change in Static Organizations Lack of Awareness Lack of Interest Incompatibility With Cherished Values Fear of Cannibalization Fear of Personal Loss Change Steps Sense the Need for Strategic Change Build Awareness of Need to Change and Learn Foster Debate Create Co...
Australia has national interest and humanitarian reasons for providing aid to Viet Nam. Its centrality in the region means that a stable and growing Viet Nam will be good for regional cooperation, security, trade
and prosperity. The prospects for poverty reduction are good. Australia has a valuable contribution to make by building on the
successes and lessons learned from the past 10 years of bilateral development cooperation.
It is a basic assumption of finance theory, taught as fact in Business Schools and advocated at the highest level by vested interests, world-wide (governments, financial institutions, corporate spin doctors, the press, media and financial web-sites) that stock markets represent a profitable long-term investment. Throughout the twentieth century, historical evidence also reveals that over any five to seven year period security prices invariably rose.
This book is an introduction to game theory from a mathematical perspective.
It is intended to be a first course for undergraduate students of mathematics,
but I also hope that it will contain something of interest to advanced students
or researchers in biology and economics who often encounter the basics of game
theory informally via relevant applications. In view of the intended audience,
the examples used in this book are generally abstract problems so that the
reader is not forced to learn a great deal of a subject – either biology or economics
– that may be unfamiliar.
With respect to equity mutual funds, the study further notes that funds are experiencing
diseconomies of scale in their expense ratios when their size exceeds $600 million to
Interestingly, the foregoing study does not even address the problem of "market impact costs"
which are clearly an even greater expense to mutual funds than are the more visible costs used in
the calculation of their...
Although most SEC attorneys work day-to-day in securities regulation, many
attorneys deal with other substantive areas. The Commission highlights an office that
may interest students who would like to pursue careers dealing with public integrity: the
Office of Inspector General. The OIG reports directly to the Chairman, and it hires interns
each semester. The Commission encourages applications because the OIG serves an
important mission and because it provides interns with hands-on educations.
There are many misconceptions about credit scores out there. There are customers who believe that they don't have a credit score and many customers who think that their credit scores just don't really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments. The truth is, of you have a bank account and bills, then you have a credit score, and your credit score matters more than you might think. Your credit score may be called many things, including a credit risk rating, a FICO score,...
Measure risk: Accurate and timely measurement of risk is essential to
effective risk management. A bank that does not have risk measurement
tools has limited ability to control or monitor risk levels. Further, more
sophisticated measurement tools are needed as the complexity of the risk
increases. A bank should periodically test to make sure that the
measurement tools it uses are accurate.