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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Title: Tituba‚ Reluctant Witch of Salem: Devilish Indians and Puritan Fantasies Author: Elaine G. Breslaw Publication: New York and London‚ 1996 This book summarizes the life of a female Indian servant and her involvement in the 1692 witch trials in Salem‚ Massachusetts. To begin it gives background information of the Arawak Indian woman named Tituba‚ which reveals cultural influences. It tells how Tituba was captured and sold into slavery and shifted from one cultural world to another
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Why were the Statesmen at the congress of Vienna so reluctant to give serious consideration to the establishment of an independent and united Italy? The Congress of Vienna was a peace conference after the Napoleonic Wars. During the Congress of Vienna the European powers‚ Britain‚ Austria‚ Russia and Prussia began to draw up a settlement that they hoped would ensure them a place in Europe. This settlement‚ from 1814-1815 was dominated by a few leading statesmen from the major powers. Austria’s
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Training and development is said to be beneficial for both firms and employees. Why then‚ are some organizations and individuals reluctant to invest in training? Introduction Employees training and development remains on of the paramount factors in conducting successful and competitiveness business in our rapid changing world. Despite this fact is accepted all over the world‚ there are companies which ignore providing their staff with training programs or seminars. Implementation of
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How far is it true to say that German people were increasingly reluctant to support the Nazi regime between September 1939 and early 1943? From the September 1st 1939‚ the start of the war‚ loyalty was crucial to the Nazi regime in order to maintain the war effort back in Nazi Germany‚ especially until the point of early 1943‚ when they were defeated in Stalingrad. This question is difficult to answer as you can’t be certain whether or not people really supported the regime‚ or just pretended
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Decision to breastfeed is a very personal. Breastfeeding topic always elicits strong opinions from family and friends. What matters is the infant getting proper nutrition for his optimal growth and development. The American college of Obstetricians and Gynecologist and American Academy of Pediatrics‚ to great emphasis on importance of breastfeeding. Every infant and mother is unique and has different challenges. Breast milk provides complete nutrition for infants. It has the perfect combination of
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Case Study: The Reluctant Receptionist 1. Why did the absence of accurate job information create a problem? The absence of accurate job information created a problem because there was no written job description and job specification. Also‚ the HR Director was supposed to mention during the interview that Virginia is expected to be a relief receptionist not just an hour a day‚ but also if the receptionist will be sick or unable to work. Virginia could have refused that job from the beginning
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Case 5-60 1. The solution Doug proposes is not ethical. Although maintaining the current plant-wide rate is probably not illegal‚ its continuation has one purpose: to extract profits from government business. Doug knows the plant-wide rate is not accurately assigning overhead costs to various jobs and is willing to alter the assignments on an “unofficial basis” for purposes of bidding on private-sector jobs. Fundamentally‚ ethical behavior is concerned with choosing right over wrong. To knowingly
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imaginary world? It’s in a real world. Does the place of action remain the same or does the setting change? It’s most in the school‚ but also at home. Is there any indication in the text of the social environment? We know that the mother is a dentist receptionist so I don’t think that he earns that much money. I think they are a part of the lower middle class. Is the setting described in detail or hinted? I think the setting is described in details. Does the setting create a particular atmosphere? Does
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