Master Circular on Investments by Primary (Urban) Co-operative Banks (Updated up to June 30‚ 2008) (The Master Circular is also available at RBI website www.mastercirculars.rbi.org.in and may be down loaded from there) RESERVE BANK OF INDIA Urban Banks Department‚ Central Office Mumbai RBI/2008-09/57 UBD.BPD. (PCB). MC.No /16.20.000/2008-09 July 1‚ 2008 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir‚ Master Circular on Investments by Primary (Urban) Co-operative
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problems about inability in managing its credit risk and liquidity risk. It will also outline its rescue and reforms by the UK Government and financial authorities towards the end of the same year and the beginning of 2008 such as tripartite regulatory system‚ Treasure‚ the Financial Services Authority (FSA) and BoE operates. Findings 1. Development Background Northern Rock described itself as a “specialised lender‚ whose core business is the provision of UK
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run a trade surplus. Liang said that unless global financial conditions turn sour in the second half of the year and erode global demand‚ Taiwan’s balance of payments should continue to run a surplus. Liang warned‚ however‚ that if the U.S. Federal Reserve begins tapering down its US$85billion-a-month bond buying program later this year‚ foreign investors may repatriate their funds out of Asia back to their home markets‚ which would increase the financial account deficit and affect the balance
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pleased to have once again the opportunity to address the National Association for Business Economics. My remarks today will focus on recent developments in the financial sector and the economy and on the challenges we face. As you know‚ financial systems in the United States and in much of the rest of the world are under extraordinary stress‚ particularly the credit and money markets. The losses suffered by many banks and nonbank financial firms have both constrained their ability to lend and reduced
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American Finance Association Financial Intermediaries and the Saving-Investment Process Author(s): John G. Gurley and Edward S. Shaw Source: The Journal of Finance‚ Vol. 11‚ No. 2 (May‚ 1956)‚ pp. 257-276 Published by: Wiley for the American Finance Association Stable URL: http://www.jstor.org/stable/2976705 . Accessed: 16/09/2013 06:25 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
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desired change in reserves or the base is very large‚ the open market operations tool is strong enough to do the job through a very large purchase or sale of securities Reversibility: Open market operations are easily reversed. If a mistake is made in conducting an open market operation‚ the Fed can immediately reverse it. Effectiveness: It is costly to adjust computer system; therefore a change in reserve requirements would be burdensome to banks. The policy tool of changing reserve requirements
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point for the Central Bank’s intervention in the market. | ------------------------------------------------- Structure The Indian money market consists of the unorganised sector: moneylenders‚ indigenous bankers‚ chit funds; organised sector: Reserve Bank of India‚private banks‚ public sector banks‚ development banks and other Non Banking Financial Companies(NBFCs) such as Life Insurance Corporation of India (LIC)‚ Unit Trust of India (UTI)‚ the International Finance Corporation‚ IDBI‚ and the
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be able to: 1 Explain the functions of a financial system and the role of financial institutions and markets in the functioning of the economy. 2 Identify and discuss the characteristics of different types of financial institutions and instruments. 3 Evaluate‚ using economic principles‚ the efficiency of a financial system and be able to identify barriers to efficient outcomes. 4 Identify and summarise the principal functions of the Reserve Bank and Australian Prudential Regulation Authority
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three distinct monetary systems in which the standard economic unit of account is a fixed weight of gold. The gold specie standard is a system‚ which a monetary unit is associated with circulating gold coins‚ or with the unit of value circulating gold coin in conjunction with lesser coinage made from a lesser valuable metal. Similarly‚ the gold exchange standard involves circulation of only coins made of silver or other metals and finally‚ the gold bullion standard is a system in which gold coins do
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Take deposits‚ make loans • Banks make money on the spread between what they take in from loans and what they pay out on interest on deposits o (minus their expenses) • Government licensed institutions o Can be licensed by the federal government or the state government o Federally chartered or state chartered • Receiving‚ keeping‚ lending‚ money with interest o "Banco" ( bench or desk • Borrow short lend long o Borrow money short term‚ and lend in the long
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