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The Role Of The Central Bank In The Nigeria Financial System, Onyido C. Ben

Bullion

The central bank is pivotal in the management of the national economy. lts role is not only to regulate and monitor the financial system, but also to ensure its development, prevent financial distress which could undermine confidence in the system as well as facilitate sustained growth. This paper presents an overview of the Nigerian financial system, the functions of the Central Bank of Nigeria (CBN). It examines the Bank's monetary management, surveillance and promotional roles and the challenges for the CBN. The study concludes that, the enhanced operational autonomy of the CBN has provided a unique opportunity for the Bank …

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Causes Of Bank Distress And Resolution Options, Donli J. G

Bullion

A meaningful analysis of causes of bank distress and the options for resolution would probably need to be preceded by a brief discussion of the role of banks in an economy. This paper examines the meaning of bank distress, it presents a detailed discussion of the main causes of bank distress as they relate to Nigeria in particular, it provides a review of the literature on resolution options as well as an enumeration of resolution options adopted to address bank distress in Nigeria. lt's has been observed in the paper that while the general causes of bank distress appear to …

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Prospects And Problems Of Expanding Trade With Japan: A Survey Of Philippine Exporters, Rosalina Palanca-Tan

Economics Department Faculty Publications

The paper looks at firm-level factors that affect Philippine exports to Japan with the main objective of recommending provisions for the proposed Japan-Philippines Economic Partnership Agreement (JPEPA) that will enable existing and prospective Philippine exporters to fully exploit the potential of the Japanese market. To this end, the study identifies Philippine products with export prospects in Japan and conducts a SWOT (Strengths, Weaknesses, Opportunities, Threats) Analysis of these production sectors. The inability of the Philippine agricultural, processed food and consumer manufactures to successfully tap into the growing import markets of Japan can be traced largely to low quality and price …

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The Role Of Deposit Insurance In Financial Sector Stability, Umoh N. Peter

Bullion

It might be necessary to start explaining the terms involved in the above topic. A Deposit insurance Scheme (DlS) is an arrangement whereby a designated agency (usually government-owned) guarantees deposits in insured financial institutions This paper discusses the guarantee function and financial sector stability, the supervisory function and financial sector stability, the liquidation function and financial sector stability and the other contributions of Nigeria Deposit Insurance Corporation (NDIC). The study concluded that, "Financial Sector Stability: lssues and Challenges" is not only appropriate but quite timely given the rumours making the rounds about unfounded banking distress.

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The Experience Of Banking Supervision In Financial Sector Surveillance., Imala O. I.

Bullion

A country's financial sector is the major channel through which funds are mobilized for borrowing and lending transactions. A poorly regulated or managed financial sector or one with insufficient capital for the risks it takes, can increase a country's vulnerability to financial crises. This paper highlights the importance of financial sector regulation and supervision, techniques of supervision, symptoms and causes of distress, measures put in place by the regulatory/supervisory authorities to guard against future systematic distress and the role of multilateral agencies. However, the study concluded that there is no doubt that good corporate governance is a major factor in …

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Private Sector, Govt And Pakistan's Economic Progress, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Pakistan has made considerable progress during the last 55 years since its independence. The article discusses the respective roles of government and private sector in development, arguing that markets need government and government needs markets for inclusive economic progress.

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Macroeconomics/Structural Policies And Financial Sector Stability: The Challenges, Nnanna O. J

Bullion

The financial system plays an important role in the process of economic growth and development of a country. A financial system consists of various institutions, markets, instruments and operators that interact within an economy to provide financial services. It plays the crucial roles of lubricating the payment mechanism, resource mobilisation and credit allocation. The Nigerian financial sector comprises the regulatory/supervisory authorities, deposit money banks, and other nonbank financial institutions. The objective of this paper is to examine the effect of macroeconomic/ structural policies on the financial sector, as well as the challenges of maintaining financial sector stability in Nigeria. The …

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Institutional Framework For The Regulation And Supervision Of The Financial Sector, Mordi N. Charles

Bullion

Since the 1980s, there has been international consensus on the issue of adequate regulation and supervision of the financial sector (and, in particular, banking institutions) and this issue have featured prominently in many international fora where discussions have centred on the operations/health of the financial sector, whether in developed or developing countries. This paper focusses attention on the institutional framework for the regulation and supervision of the financial sector in Nigeria. It attempts to identify the various institutions that make up the financial sector and articulates how they are regulated and supervised and who has responsibility for what, so as …

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Debugging And Sanitizing The Nigerian Financial System., M. O. Kayode, Ayodele F. Odusola

Economic and Financial Review

Using a concentric circle analysis, the paper provides a framework for examining the centrality of the borrower/ user or manager of funds in the stability of the financial system. The paper advocated among others, the rejuvenation of the value system, involvement of banks in project ideas and packaging, institutionalization and implementation of bankruptcy law as well as application of incentives and sanctions.

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Biotechnology And The Law: A Consideration Of Intellectual Property Rights And Related Social Issues, Michael D. Mehta

The University of New Hampshire Law Review

[Excerpt] “Recent advances in biotechnology are expected by many to improve crop yield, reduce reliance on agricultural inputs like pesticides and herbicides, alleviate world hunger, improve the safety and effectiveness of pharmaceuticals, assist in the discovery of genes that trigger diseases like cancer, and make more efficient our legal institutions through DNA testing. Clearly, innovations in biotechnology are a powerful force for social change, and they pose unique challenges and opportunities for legal scholars and institutions. This section of the Pierce Law Review focuses on the interface between law and technology by examining how innovations in biotechnology accelerate debates about …

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Santa Fe Living Wage Baseline Study: Reporting Baseline Data And Offering A Portrait Of The City Of Santa Fe Economy Prior To Implementation Of The Living Wage Ordinance (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report examines the economic, demographic, labor force, housing, and business conditions of Santa Fe prior to the implementation of the city's living wage ordinance. The report analyzes the characteristics of low-wage workers, industry wage structures, cost-of-living pressures, poverty, housing affordability, and potential economic impacts of raising the minimum wage for workers employed by larger businesses.

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Santa Fe Living Wage Baseline Study_March 2004 (2), Lee A. Reynis

BBER Publications

This report documents economic, demographic, and labor‑force conditions in Santa Fe before the city’s living wage ordinance took effect, analyzing wage structures, industry dynamics, poverty, housing affordability, and the experiences of low‑wage workers. It serves as a benchmark for assessing how the ordinance may influence employment, business operations, household well‑being, and broader economic trends.

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How Will 401(K) Pension Plans Affect Retirement Income?, Andrew A. Samwick, Jonathan Skinner

Dartmouth Scholarship

How has the emergence of defined contribution pensi on plans, such as 401(k) plans, affected the financial security of future retirees? We consider this question using a unique dataset of pension plan formulas for the Surveys of Consumer Finances in 1983 and 1989 and the characteristics of 401(k) plans from the Surveys of Consumer Finances between 1989 and 2001. Our simulations account for uncertainty in earnings and rates of return on stocks and bonds, ownership of company stock, uncertainty in earnings, and heterogeneity in asset choices, plan participation, and job tenure. We find that in the mid-1990s, 401(k) plans were …

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Santa Fe Living Wage Baseline Study_March 2004, Lee A. Reynis

BBER Publications

This baseline study provides a comprehensive portrait of Santa Fe’s economy prior to implementation of the city’s living wage ordinance, detailing demographic trends, labor market conditions, cost‑of‑living pressures, industry structures, and the characteristics of low‑wage workers. It establishes the empirical foundation needed to evaluate future economic, social, and business impacts of the phased‑in wage increases.

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Santa Fe Living Wage Baseline Study: Reporting Baseline Data And Offering A Portrait Of The City Of Santa Fe Economy Prior To Implementation Of The Living Wage Ordinance, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report examines the economic, demographic, labor force, housing, and business conditions of Santa Fe prior to the implementation of the city's living wage ordinance. The report analyzes the characteristics of low-wage workers, industry wage structures, cost-of-living pressures, poverty, housing affordability, and potential economic impacts of raising the minimum wage for workers employed by larger businesses.

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Santa Fe Living Wage Baseline Study: Reporting Baseline Data And Offering A Portrait Of The City Of Santa Fe Economy Prior To Implementation Of The Living Wage Ordinance (3), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report examines the economic, demographic, labor force, housing, and business conditions of Santa Fe prior to the implementation of the city's living wage ordinance. The report analyzes the characteristics of low-wage workers, industry wage structures, cost-of-living pressures, poverty, housing affordability, and potential economic impacts of raising the minimum wage for workers employed by larger businesses.

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Why Pakistan Should Exit The Imf Programme?, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Pakistan has formally conveyed its decision that the country does not wish to enter into a successor agreement with the IMF on completion of the current PRGF Programme at the end of 2004. This decision has evoked two kinds of responses – one that of relief that we will no longer be subjected to the harsh conditionalities of the Fund and second that of disbelief that the country is not yet ready to shed off this yoke and even if this is done it will only be for a temporary duration – in other words, it will not be sustainable.

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New Mexico Labor Market Review 02-29-2004, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers January 2004.

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Methods For Evaluating Employment Programs In Sofia, Bulgaria, Christopher J. O'Leary

Conference Papers

No abstract provided.

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Financial Sector Reforms And Pro-Poor Growth: Case Study Of Pakistan, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

The attributes of a well functioning financial system are quite well known by now. Such a system is necessary for enhancing the efficiency of intermediation, which is achieved by reducing information, transaction, and monitoring costs; for promoting productive investment by identifying and funding good business opportunities; for mobilizing domestic savings; for monitoring the performance of businesses; for enabling the trading, hedging, and diversification of risk; and for facilitating the exchange of goods and services. These functions result in allocation of resources to the most efficient, resulting in a more rapid accumulation of physical and human capital, and faster technological progress, …

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Mixed Signals: Reconsidering The Political Economy Of Judicial Deference To Administrative Agencies, Matthew C. Stephenson

ExpressO

This paper investigates rational choice explanations for patterns of Supreme Court decision-making with respect to the appropriate level of judicial deference to administrative agency decisions. In particular, I assess empirically the thesis that the Supreme Court expands deference when the Supreme Court is ideologically closer to the executive than to the circuit courts, and contracts deference when the opposite is true. I find little to no evidence supporting this "rational choice" theory of judicial deference. Given this surprising null finding, I offer alternative explanations for the data and suggest directions for future research.

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The Wto’S Gemeinschaft, Sungjoon Cho

All Faculty Scholarship

This Article focuses on the current development-related problems in the global trading system. A widening income gap and widespread poverty among trading nations denote the WTO’s Gesellschaftian nature—interest and power—resulting in structural distortion and manipulation. This Article maintains that the global trading system can achieve its development agenda and become fair and legitimate only through a critical paradigmatic transformation enabled by the configuration of the “WTO’s Gemeinschaft.” This Article observes that a fundamental legal precept, the “Law of Nations” (jus gentium), plays a critical role in actualizing this communitarian telos. Part II redefines the global trading system through the theoretical …

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Life-Cycle Consumption And The Age-Adjusted Value Of Life, Thomas J. Kniesner, W. Kip Viscusi, James P. Ziliak

Economics - All Scholarship

Our research examines empirically the age pattern of the implicit value of life revealed from workers' differential wages and job safety pairings. Although aging reduces the number of years of life expectancy, aging can affect the value of life through an effect on planned life-cycle consumption. The elderly could, a priori, have the highest implicit value of life if there is a life-cycle plan to defer consumption until old age. We find that largely due to the age pattern of consumption, which is non-constant, the implicit value of life rises and falls over the lifetime in a way that the …

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Fiscal Decentralization In The Czech And Slovak Republics: A Comparative Study Of Moral Hazard, Phillip J. Bryson, Gary C. Cornia, Gloria E. Wheeler

Faculty Publications

Fiscal decentralization has provided neither the benefits of decentralization nor an independent revenue source for subnational governments in the Czech and Slovak Republics. In Slovakia, political conditions early in the transition led to the relative neglect of revenue transfers from the center. This produced financial stress but also encouraged greater fiscal independence for local governments. It also forced them to seek maximal property tax revenues. The Czech Republic made more substantial transfers to local governments, but the development of fiscal autonomy was stifled as transfers reduced the need for own-source local revenues. The Czech real estate tax has remained nominal …

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New Mexico Labor Market Review 01-31-2004, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers December 2003.

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"Agreeing To Disagree": Filling Gaps In Deliberately Incomplete Contracts, Omri Ben-Shahar

Law & Economics Working Papers Archive: 2003-2009

This Article develops a new standard for gap filling in incomplete contracts. It focuses on an important class of situations in which parties leave their agreement deliberately incomplete, with the intent to further negotiate and resolve the remaining issues. In these situations, neither the traditional no-enforcement result nor the usual gap filling approaches accord with the parties’ partial consent. Instead, the Article develops the concept of pro-defendant gap-fillers, under which each party is granted an option to enforce the transaction supplemented with terms most favorable (within reason) to the other party. A deliberately incomplete contract with pro-defendant gap fillers transforms …

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Why We Need The Independent Sector: The Behavior, Law, & Ethics Of Not-For-Profit Hospitals, Jill R. Horwitz

Law & Economics Working Papers Archive: 2003-2009

Among the major forms of corporate ownership, the not-for-profit ownership form is distinct in its behavior, legal constraints, and moral obligations. A new empirical analysis of the American hospital industry, using eleven years of data for all urban general hospitals in the country, shows that corporate form accounts for large differences in the provision of specific medical services. Not-for-profit hospitals systematically provide both private and public goods that are in the public interest, and that other forms fail to provide. Two hypotheses are proposed to account for the findings, one legal and one moral. While no causal claims are made, …

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Cuba's Energy Challenge: Fueling The Engine Of Future Economic Growth, Jorge R. Piñón

Institute for Cuban & Cuban-American Studies Occasional Papers

No abstract provided.

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The Cost Of Conscience: Quantifying Our Charitable Burden In An Era Of Globalization, Frank A. Pasquale

Faculty Scholarship

Development economists have long debated the proper targets for foreign aid contributions from wealthy countries. Philosophers like Peter Singer and Peter Unger now suggest that these countries' citizens have a parallel moral responsibility to tithe a portion of their income directly for the relief of the suffering of the poorest. These thinkers would prefer a systematic global redistribution of income - some public mechanism for accomplishing worldwide what the tax systems of egalitarian social democratic states accomplish. But they all realize that such global governance is unlikely to come about in any of our lifetimes. So they turn their attention …

Full-Text Articles in Entire DC Network

The Role Of The Central Bank In The Nigeria Financial System, Onyido C. Ben

Bullion

Causes Of Bank Distress And Resolution Options, Donli J. G

Bullion

Prospects And Problems Of Expanding Trade With Japan: A Survey Of Philippine Exporters, Rosalina Palanca-Tan

Economics Department Faculty Publications

The Role Of Deposit Insurance In Financial Sector Stability, Umoh N. Peter

Bullion

The Experience Of Banking Supervision In Financial Sector Surveillance., Imala O. I.

Bullion

Private Sector, Govt And Pakistan's Economic Progress, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Macroeconomics/Structural Policies And Financial Sector Stability: The Challenges, Nnanna O. J

Bullion

Institutional Framework For The Regulation And Supervision Of The Financial Sector, Mordi N. Charles

Bullion

Debugging And Sanitizing The Nigerian Financial System., M. O. Kayode, Ayodele F. Odusola

Economic and Financial Review

Biotechnology And The Law: A Consideration Of Intellectual Property Rights And Related Social Issues, Michael D. Mehta

The University of New Hampshire Law Review

Santa Fe Living Wage Baseline Study: Reporting Baseline Data And Offering A Portrait Of The City Of Santa Fe Economy Prior To Implementation Of The Living Wage Ordinance (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

Santa Fe Living Wage Baseline Study_March 2004 (2), Lee A. Reynis

BBER Publications

How Will 401(K) Pension Plans Affect Retirement Income?, Andrew A. Samwick, Jonathan Skinner

Dartmouth Scholarship

Santa Fe Living Wage Baseline Study_March 2004, Lee A. Reynis

BBER Publications

Santa Fe Living Wage Baseline Study: Reporting Baseline Data And Offering A Portrait Of The City Of Santa Fe Economy Prior To Implementation Of The Living Wage Ordinance, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

Santa Fe Living Wage Baseline Study: Reporting Baseline Data And Offering A Portrait Of The City Of Santa Fe Economy Prior To Implementation Of The Living Wage Ordinance (3), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

Why Pakistan Should Exit The Imf Programme?, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

New Mexico Labor Market Review 02-29-2004, New Mexico Department Of Labor

Historic Publications

Methods For Evaluating Employment Programs In Sofia, Bulgaria, Christopher J. O'Leary

Conference Papers

Financial Sector Reforms And Pro-Poor Growth: Case Study Of Pakistan, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Mixed Signals: Reconsidering The Political Economy Of Judicial Deference To Administrative Agencies, Matthew C. Stephenson

ExpressO

The Wto’S Gemeinschaft, Sungjoon Cho

All Faculty Scholarship

Life-Cycle Consumption And The Age-Adjusted Value Of Life, Thomas J. Kniesner, W. Kip Viscusi, James P. Ziliak

Economics - All Scholarship

Fiscal Decentralization In The Czech And Slovak Republics: A Comparative Study Of Moral Hazard, Phillip J. Bryson, Gary C. Cornia, Gloria E. Wheeler

Faculty Publications

New Mexico Labor Market Review 01-31-2004, New Mexico Department Of Labor

Historic Publications

"Agreeing To Disagree": Filling Gaps In Deliberately Incomplete Contracts, Omri Ben-Shahar

Law & Economics Working Papers Archive: 2003-2009

Why We Need The Independent Sector: The Behavior, Law, & Ethics Of Not-For-Profit Hospitals, Jill R. Horwitz

Law & Economics Working Papers Archive: 2003-2009

Cuba's Energy Challenge: Fueling The Engine Of Future Economic Growth, Jorge R. Piñón

Institute for Cuban & Cuban-American Studies Occasional Papers

The Cost Of Conscience: Quantifying Our Charitable Burden In An Era Of Globalization, Frank A. Pasquale

Faculty Scholarship

Indiana State University Financial Report 2004, Indiana State University

Financial Reports