Free Banking

2015 ◽  
pp. 212-244
Author(s):  
Kevin Dowd
Keyword(s):  
Government Intervention ◽  
Banking System ◽  
Financial System ◽  
Free Banking ◽  
Historical Evidence ◽  
The Core ◽  
The Past ◽  
Central Objective ◽  
Core Theory ◽  
The Many

This chapter provides an overview of the issues raised by free banking. A central objective is to set out the core theory of free banking, draw out its predictions, and then compare those predictions against the abundant historical evidence from the many free (or relatively free) banking systems of the past. The evidence is largely supportive of the predictions of free banking theory and, in particular, of its claim that an unregulated banking system would be stable. The evidence also supports the predictions made by free banking theory that government intervention weakens the financial system—often in profound and misunderstood ways—and causes many of the problems it is ostensibly meant to cure.

ACCOUNTING HISTORY AND THE EMPEROR'S NEW CLOTHES: A RESPONSE TO “KNOWING MORE AS KNOWING LESS? . . . ”

2000 ◽  
Vol 27 (1) ◽  
pp. 159-171 ◽  
Author(s):  
Thomas N. Tyson
Keyword(s):  
Historical Evidence ◽  
Accounting History ◽  
The Core ◽  
The Creation ◽  
The Many ◽  
The U.S

Hoskin and Macve (H&M) continue to accredit certain events in the early 1840s as enabling the creation of norm-based accounting and its use to control labor and improve productivity at the Springfield Armory (SA). Although critics have refuted H&M's interpretation of these events and reproached their use of inflated language, H&M maintain their unique perspective with undiminished fervor. This rejoinder further questions the validity of H&M's perspective of U.S. accounting history. It identifies the many conventional business historians who refute it and emphasizes that no other evidence has been presented to indicate that norm-based accounting was ever employed in the U.S. before the early 1900s. It also describes how H&M have tried to bolster their position by citing several contemporary and more critical scholars who in fact refute it. More substantively, the paper emphasizes that the core debate between H&M and their critics is not simply over the timing of particular events at SA. Rather, it centers on the nature of historical evidence and the distinction between history and historicism.

scholarly journals The many roads to psychosis: recent advances in understanding risk and mechanisms

F1000Research ◽  
2018 ◽  
Vol 7 ◽  
pp. 1883 ◽  
Author(s):  
Carrie E. Bearden ◽  
Jennifer K. Forsyth
Keyword(s):  
Risk Factors ◽  
Mental Illness ◽  
Genetic Architecture ◽  
Biological Processes ◽  
The Core ◽  
The Past ◽  
Recent Advances ◽  
New Findings ◽  
The Many ◽  
Major Progress

Schizophrenia is a chronic and severe mental illness which frequently leads to substantial lifelong disability. The past five years have seen major progress in our understanding of the complex genetic architecture of this disorder. Two major barriers to understanding the core biological processes that underlie schizophrenia and developing better interventions are (1) the absence of etiologically defined biomarkers and (2) the clinical and genetic heterogeneity of the disorder. Here, we review recent advances that have led to changes in our understanding of risk factors and mechanisms involved in the development of schizophrenia. In particular, mechanistic and clinically oriented approaches have now converged on a focus on disruptions in early neurodevelopment and synaptic plasticity as being critical for both understanding trajectories and intervening to change them. Translating these new findings into treatments that substantively change the lives of patients is the next major challenge for the field.

Finding Meaning With Creativity in the Past, Present, and Future

2018 ◽  
Vol 13 (6) ◽  
pp. 734-749 ◽  
Author(s):  
James C. Kaufman
Keyword(s):  
Empirical Studies ◽  
Meaning Of Life ◽  
Creative Activity ◽  
The Core ◽  
The Past ◽  
Natural Connection ◽  
Core Concepts ◽  
Temporal Model ◽  
The Many ◽  
Desirable Trait

Being creative is considered a desirable trait, yet most empirical studies emphasize how to increase creativity rather than explore its possible benefits. A natural connection is how creativity can enhance life’s meaning. Many of the core concepts in work on the meaning of life, such as the needs for coherence, significance, and purpose or the desire for symbolic immortality, can be reached through creative activity. The synthesis of these two constructs—creativity and the meaning of life—is discussed with a temporal model encompassing past, present, and future pathways to creativity. The past pathway can help one understand and reflect on life. The present pathway can remind one of life’s joy and the many possible connections with humanity. Finally, the future pathway strives to ensure some type of legacy that may resonate with younger generations.

scholarly journals The Performance of Economic Sectors and Their Growing Non-Performing Assets in India

2020 ◽  
Vol 9 (4) ◽  
pp. 1-10
Keyword(s):  
Public Sector ◽  
Banking Sector ◽  
Critical Role ◽  
Banking System ◽  
Economic Sectors ◽  
Public Sector Banks ◽  
The Core ◽  
The Past ◽  
Bankruptcy Code ◽  
The Stability

The Indian banking system of an economy is of foremost importance for its financial and economicdevelopment. It forms the core of the financial sector and plays a critical role in transmitting monetary policyimpulses to the entire economic system. Hence the stability of banking sector is of paramount importance for thedevelopment of an economy. Non-performing assets(NPAs) or loans are growing issue in commercial banks especially in Indian Public sector banks which are facing huge losses due to accumulated NPAs over the past twenty year. As 90% of the total NPA isheld with public sector banks, it is essential to focus on the procedure of giving loans by them and proper verification of collateral and other reliability to repay the loan. The extensive lending by the banks to companies during the boom phase of the economy(e.g.2008-09) without proper documentation (relaxed) leads to such rising NPA levels. This paper focuses onthe accumulation of NPAs and its implications on sectors’economic performance. It also specifically emphasizes the efficacyof SARFAESI Act, DRT tribunals, IBC (Insolvency Bankruptcy Code 2016) as mitigation of NPAs. The problem of double trust dilemma in the context of NPAs has been introduced is a case of investor and innovator

A Rigorous Dialectic: Writing and Thinking in History

2016 ◽  
Vol 118 (1) ◽  
pp. 1-36
Author(s):  
Jack Schneider ◽  
Sivan Zakai
Keyword(s):  
Doctoral Students ◽  
Historical Thinking ◽  
Historical Writing ◽  
The Core ◽  
The Past ◽  
Specific Reading ◽  
The Many ◽  
K 12 ◽  
Background Context

Background/Context As prior research has established, historical thinking is shaped by disciplinary-specific reading and writing. Yet while our understanding of historical reading is relatively strong, our understanding of historical writing—and particularly, the core processes at work in historical writing—is less robust. Purpose This research project seeks to advance our collective understanding of historical writing by categorizing the core processes at work in the development of expertise. Participants The study examined the work of doctoral students beginning to write their dissertations. As graduate students pursuing Ph.D.s from top research universities, they were experienced in the role of history; but as writers of history, they were novices learning to construct historical scholarship. Research Design A qualitative study drawing upon survey and interview data, this project traces the historical writing process of a group of writers working on sustained historical writing projects across a year of their development. Findings Among the many skills of historical writers, four particular authorial dispositions stand out as critical. Historical writers, we find, are adept at finding patterns; they are adept at telling engaging and plausible stories; they are adept at modifying their positions; and they are adept at faithfully translating the “foreignness” of the past for a wider audience. Conclusions We recommend that K—12 and college educators establish clear goals with regard to what they want students to be able to do, and that they include among those goals the signature competencies of historical writers.

scholarly journals The evolution of bank-based financial system in the United Kingdom

2013 ◽  
Vol 11 (1) ◽  
pp. 483-492
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Financial System ◽  
Financial Sector ◽  
Capital Adequacy ◽  
Foreign Banks ◽  
The Past ◽  
The United Kingdom ◽  
Bank Of England ◽  
Contagion Risk

This paper gives an overview of the banking sector in the U.K.; it highlights the reforms since the second half of the 20th Century; it tracks the growth of the banking sector in response to the reforms implemented over the past seven decades; and finally, it highlights the challenges facing the banking sector in the U.K. The country’s banking sector consists of more than 340 commercial banks, with the Bank of England, which is the economy’s central bank, at the apex. Since the 1970s, the U.K. government has implemented a number of banking sector reforms – in order to safeguard and improve the banking sector. The response to these reforms, by the banking sector, has been varied. As a result of these reforms, there has been an increase in the activity of foreign banks as the financial sector was regulated. There has also been an improvement in the Central Bank’s oversight of the financial institutions, and an enforcement of the banks’ capital-adequacy requirements. By any standard, the U.K. currently has one of the most developed banking systems in world. The country has enjoyed a substantial bank-based financial sector development over the years, and its institutional framework has also grown stronger. However, like any other financial system, the U.K. banking system still faces wide-ranging challenges, such as less than adequate disclosure standards, contagion risk from the euro zone, squeezed interest margin and uncertainties caused by changes in regulatory regimes.

On Future Directions in Pathology

1982 ◽  
Vol 40 ◽  
pp. 274-277
Author(s):  
Benjamin F. Trump ◽  
Irene K. Berezesky ◽  
Raymond T. Jones
Keyword(s):  
Electron Microscopy ◽  
Transmission Electron Microscopy ◽  
Clinical Pathology ◽  
Future Directions ◽  
Diagnostic Pathology ◽  
The Past ◽  
Transmission Electron ◽  
Organ Systems ◽  
The Many

The role of electron microscopy and associated techniques is assured in diagnostic pathology. At the present time, most of the progress has been made on tissues examined by transmission electron microscopy (TEM) and correlated with light microscopy (LM) and by cytochemistry using both plastic and paraffin-embedded materials. As mentioned elsewhere in this symposium, this has revolutionized many fields of pathology including diagnostic, anatomic and clinical pathology. It began with the kidney; however, it has now been extended to most other organ systems and to tumor diagnosis in general. The results of the past few years tend to indicate the future directions and needs of this expanding field. Now, in addition to routine EM, pathologists have access to the many newly developed methods and instruments mentioned below which should aid considerably not only in diagnostic pathology but in investigative pathology as well.

A 200-Year History of the Study of Childhood Language Disorders of Unknown Origin: Changes in Terminology

2020 ◽  
Vol 5 (1) ◽  
pp. 6-11 ◽  
Author(s):  
Laurence B. Leonard
Keyword(s):  
Language Impairment ◽  
Specific Language Impairment ◽  
Scientific Literature ◽  
Language Disorder ◽  
Language Disorders ◽  
Unknown Origin ◽  
Developmental Language Disorder ◽  
The Past ◽  
History Of ◽  
The Many

Purpose The current “specific language impairment” and “developmental language disorder” discussion might lead to important changes in how we refer to children with language disorders of unknown origin. The field has seen other changes in terminology. This article reviews many of these changes. Method A literature review of previous clinical labels was conducted, and possible reasons for the changes in labels were identified. Results References to children with significant yet unexplained deficits in language ability have been part of the scientific literature since, at least, the early 1800s. Terms have changed from those with a neurological emphasis to those that do not imply a cause for the language disorder. Diagnostic criteria have become more explicit but have become, at certain points, too narrow to represent the wider range of children with language disorders of unknown origin. Conclusions The field was not well served by the many changes in terminology that have transpired in the past. A new label at this point must be accompanied by strong efforts to recruit its adoption by clinical speech-language pathologists and the general public.

Soziale Disziplinierung im flexiblen Kapitalismus

2004 ◽  
Vol 34 (136) ◽  
pp. 339-356
Author(s):  
Tobias Wölfle ◽  
Oliver Schöller
Keyword(s):  
Social Welfare ◽  
Second Step ◽  
Social Rights ◽  
Federal Law ◽  
Capitalist Development ◽  
The Core ◽  
The Past ◽  
The Impact ◽  
Municipal Level

Under the term “Hilfe zur Arbeit” (aid for work) the federal law of social welfare subsumes all kinds of labour disciplining instruments. First, the paper shows the historical connection of welfare and labour disciplining mechanisms in the context of different periods within capitalist development. In a second step, against the background of historical experiences, we will analyse the trends of “Hilfe zur Arbeit” during the past two decades. It will be shown that by the rise of unemployment, the impact of labour disciplining aspects of “Hilfe zur Arbeit” has increased both on the federal and on the municipal level. For this reason the leverage of the liberal paradigm would take place even in the core of social rights.

Risk Assessment of Core Banking System Replacement based on ISACA Framework

2014 ◽  
Vol 1 (1) ◽  
pp. 35-45
Author(s):  
Fenty Simanjuntak ◽  
Bobby Suryajaya
Keyword(s):  
Risk Assessment ◽  
Banking System ◽  
Residual Risk ◽  
Project Teams ◽  
Third Party ◽  
Project Delivery ◽  
Business Growth ◽  
Regulatory Requirements ◽  
The Core ◽  
Medium Risk

Many banks are looking for a better core banking system to support their business growth with a more efficient and flexible core banking system to improve their sales and services in the competitive market and to fulfill regulatory requirements. The decision of replacing the legacy core banking system is difficult due to the high IT investment cost required for banks because they are also trying to cut costs. But maintaining the legacy system is costly in terms of upgrade. Changing the core banking system is also a difficult process and increases risks. To have a successful Core Banking System implementation, risk assessment is required to be performed prior to starting any activities. The assessment can help project teams to identify the risks and then to mitigate the risks as part of the plan. In this research the Core Banking System replacement risks were assessed based on ISACA Framework for IT Risk. Fourteen risk scenarios related to Core Banking System Replacement were identified. The high and medium rated inherent risks can become medium and low residual risk after assessment by putting the relevant control in place. The result proves that by adding mitigation plan it will help to mitigate the Residual Risk to become low risk. There are still three residual risk which categorized as medium risk and should be further mitigated they are Software Implementation, Project Delivery and Selection/Performance of Third Party Suppliers. It is also found that COBIT 5 has considered some specific process capabilities that can be used to improve the processes to mitigate the medium risks.

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