The Review of Economic Studies Ltd. Financial Intermediation and Delegated Monitoring Author(s): Douglas W. Diamond Source: The Review of Economic Studies‚ Vol. 51‚ No. 3 (Jul.‚ 1984)‚ pp. 393-414 Published by: Oxford University Press Stable URL: http://www.jstor.org/stable/2297430 . Accessed: 03/09/2011 10:01 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit
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Subsidiary Legislation Subsidiary legislation‚ also referred to as delegated legislation is the law that is brought into being by authorities‚ persons or bodies other than Parliament‚ under power conferred by either the Constitution or Parliament. The purpose and limits of such subsidiary or subordinate law making powers will normally be set out in the enabling Act of Parliament or the Constitution. There are several reasons why it is necessary to have subsidiary legislation: 1. Pressure on Parliamentary
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The bicameral structure of Congress was designed to enable the legislative body and its members to perform certain functions for the political system. These functions include lawmaking‚ representation‚ service to constituents‚ oversight‚ public education‚ and conflict resolution. The first of the functions of Congress is lawmaking. Lawmaking is the process of establishing the legal rules that govern society. This function is one of the two most important functions Congress‚ without lawmaking‚ society
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Say Yes to Pork and No to Corruption The Priority Development Assistance Fund (PDAF)‚ better known as “Pork Barrel” is a public fund regularly distributed among the members of the congress to cater to the legislators’ local projects for the development of their particular communities. The “Pork Barrel Scam” is currently a sensitive and obfuscated issue in our country as Pork Barrel is a frequent target for critics who say that it facilitates corruption. They say it makes it easier for politicians
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The Legislative Branch The legislative branch is the most powerful branch in government. The legislative branch is in charge of making and passing laws. They have the power to override a president’s decision‚ stop laws from being passed‚ and basically control all decisions the governments makes. The legislative branch‚ also called the congress‚ consists of the House of Representatives and the Senate. The reason for two houses of congress is to balance out the concerns of smaller but more populated
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Intro to Operating Systems Student: Gabriel Guevara Chapter: 5 Exercises Exercise #2 Give at least two “real life” examples (not related to a computer system environment) of each of these concepts: deadlock‚ starvation and race. Describe how the deadlocks could be resolved. 2 real life examples of the concept of deadlock: A. In a presidential election 2 candidates reach an electoral deadlock when neither candidate get a majority of the 270 electoral votes required to win the presidency
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Unit 402 K4P775 Legislation covering children’s rights and laws covering equality and inclusion within your home country. How these are interpreted and implemented in your local are and within your setting or service. Every child within my and any other setting has the right to be valued‚ treated as an individual and belonging. My role as a child care professional is to ensure that all the children that attend my setting are treated fairly. This is where I refer to inclusion‚ and looking critically
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3.2 demonstrate ways of working that can help improve partnership working By working in partnership with professional colleagues‚ can help to overcome perceived boundaries between services and organisations‚ Effective partnership working is built upon a clear understanding of the different roles each person has in supporting the person. Increasing clarity and agreement about roles and responsibilities improves understanding‚ and leads to mutually supportive relationships. Clear remits‚ lines
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Definition of Subsidiary legislation in section 2 of the Interpretation Act 1948 and 1967 to mean‚ any proclamation rule‚ regulation‚ order‚ notification‚ by-law or other instrument made under any Ordinance‚ Enactment or other lawful authority and having legislative effect. This category of law has become important as the business of government to gets more complicated. Subsidiary Legislations are made by the people or bodies who are authorized by the legislatures. The Interpretation Act 1967
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1. The Parliament is an essential part of UK politic and has the responsibility of approving or making new laws. Before an item of legislation becomes a law‚ it may first be known as a bill. The bill must then be agreed by both side of the house (House of Lord & House of Common) and could also be voted against by either side‚ in which case it does not become a law. However‚ if the Common passes the bill in two successive years‚ it has the possibility of becoming a law without being agreed
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