Finance Commons^™

New Mexico Tax Study_Jun 1994 (2), University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

The New Mexico Tax Study was prepared for the Legislative Finance Committee (LFC) by the University of New Mexico, Bureau of Business and Economic Research (BBER). The LFC contracted with BBER to produce the document over a two year period. The first year resulted in Volume I, State Tax Policy and Tax Burden and the second year produced Volume ll, Issues in Local Government Finance.

Indiana State University Financial Report 1994, Indiana State University

Financial Reports

No abstract provided.

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1994, Central Bank Of Nigeria

CBN Annual Report

In 1994, Nigeria faced economic challenges such as declining GDP growth, inflation, and a weakened external sector due to expansionary fiscal and monetary policies, political unrest, and labor issues. Despite this, the global economy saw stronger recovery in industrialized countries and developing regions like Asia and Latin America. The Nigerian economy struggled with slow growth, manufacturing decline, rising inflation, large budget deficit, and weakened external sector performance. Efforts to stabilize the exchange rate were hindered by differences between official and unofficial market rates. Internationally, there were improvements in the world economy with higher growth rates in developed and developing countries. …

Is 'Keynesian Policy' Still Viable?, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Six, single-sided pages of hand-written notes on Keynesian critique of capitalism. While according to J Robinson “Marx is a socialist who analyzed capitalism,” and “Marshal is a Capitalist who analyzed Socialist," Minksy writes “Keynes is a capitalist who analyzed capitalism,” and “uncovered flaws in capitalism due to the very nature of capitalism.” Discusses Keynes work in the 1930s and his time spent in Chicago, among other things. Marked in black ink.

Nova Southeastern University 1994 Annual Report, Nova Southeastern University

NSU Annual Reports

No abstract provided.

Understanding Kaye Scholer: The Autonomous Citizen, The Managed Subject And The Role Of The Lawyer, Nancy Amoury Combs

Faculty Publications

The Office of Thrift Supervision's (OTS) unprecedented enforcement action against Kaye, Scholer, Fierman, Hays and Handler (Kaye Scholer) prompted howls of protest from the legal community. OTS, it was claimed, was using its excessive power to redefine the role of the lawyer. This Comment confirms that OTS sought to impose duties on Kaye Scholer that conflict with professional ethics rules. The Comment then goes on to suggest that the conflict over professional responsibility in the Kaye Scholer case reflects, more fundamentally, a conflict over the role of the citizen, and the citizen's relationship with the state. Our adversarial system of …

State Of The Economy: Central Bank Of Nigeria Perspective, Ogwuma P. A

Bullion

This paper reviews broadly developments in the real, monetary and financial and external sectors of the economy from 1991 to 1994. It highlights the problems confronting policy makers and put forward some recommendations for consideration. The overall performance of the Nigerian economy during the past three years has been characterized by declining growth rate of GDP in turn a reflection, in the main, of the negative impact of the macroeconomic and financial imbalances. The major factor underlying the adverse movements in macroeconomic variables since 1991 has been the rapid growth in CBN credit for the financing of Federal Government's fiscal …

Restructuring The Nigerian Financial Sector For Economic Resuscitation., V.A Odozi

Bullion

This paper examines major developments in the Nigerian financial sector and discusses efforts made so far by the authorities to restructure the sector so as to enhance its efficiency. Major Developments in the Financial Sector The Structural Adjustment Programme (SAP) which was adopted in 1986 was the nation's inevitable response to the suffocating effect of the external debt burden on the Nigerian economy, the escalating fall in agricultural productivity, and undue dependence on petroleum as a foreign exchange earner. The paper noted that the increase in the number of banks resulted in competition for bank deposits and other patronages from …

Financial Repression, Inflation And Growth In Egypt, 1974-1991, Abear El Shennawy

Archived Theses and Dissertations

No abstract provided.

Deregulation And Trade Liberalization: The Indonesia Reform Program, Scott Fausti, Rony Bishry

Economics Staff Paper Series (1969 - 2017)

Beginning in the early 1980s, Indonesia embarked on the most comprehensive trade liberalization program in its history. The long-term goal of the reform program is to replace Indonesia's industrial development strategy of import substitution industrialization with one of export oriented industrial growth. The issues to be discussed in this paper are: 1) the historical context from which the current liberalization program evolved, 2) the recent reform measures implemented by the Indonesian government, 3) the pattern of liberalization with respect to the sequencing and speed of reforms, and 4) the successes and failures of the new trade regime.

A Review And Appraisal Of Nigeria's Experience With Financial Sector Reform, M. O. Ojo

CBN Occasional Papers

The primary aim of the paper Is to highlight the policy reforms In Nigeria's financial sector since 1986, assess the results of the reform programme, and Identify the lessons that can be learned from the policy initiatives. The reform package was introduced in 1986 against the background of prolonged macro-economic distortions and economic deterioration, especially during the first half of the 1980s. Financial sector reforms under the aegis of the Structural Adjustment Programme were designed to induce more domestic savings and reduce the distortions in investment decisions. To this end, measures were introduced between 1986 and 1992 (the period covered …

The Effect Of Uncertainty On A Joint Product Model Of Smuggling, Scott Fausti

Economics Staff Paper Series (1969 - 2017)

Extending the seminal work of Bhagwati and Hansen (1973) on smuggling, Pitt (1981) developed a joint export smuggling model to investigate the welfare effect of illegal transactions. This paper develops an extension of Pitt's original model which allows many of the interesting features of the Bhagwati and Hansen model to be reexamined within a joint product model of smuggling framework. The extension is made through the following modifications to Pitt's assumptions: 1) firms that export are free to engage in joint product smuggling or strictly legal trade; and 2) uncertainty is introduced into the model via active government enforcement. The …

Indiana State University Financial Report 1993, Indiana State University

Financial Reports

No abstract provided.

Nova University 1993 Annual Report, Nova University

NSU Annual Reports

No abstract provided.

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 1992., Central Bank Of Nigeria

CBN Annual Report

In 1992, Nigeria's economy faced significant pressures but showed resilience, with rapid growth in output and economic liquidity. The Central Bank of Nigeria (CBN) intensified efforts to achieve inflation and exchange rate stability while improving the efficiency of the financial sector. The financial sector experienced rapid growth and structural changes, with the strongest growth occurring in common unity banking and mortgage finance institutions. Monetary and credit aggregates expanded at unprecedented rates, matching the all-time highs of the oil boom era of the mid-seventies. Interest rates rose significantly, with both deposit and lending rates rising in tandem with the movements of …

The Role Of Central Banks In Capital Market Development: The Nigerian Experience., Alhaji A. Ahmed

Bullion

Central banks, especially in Third World countries, play a major role in the growth and development process. Although the structures, functions and powers of central bank vary from country to country, depending on the economic, political, social and other environmental realities prevailing in society, the primary role of any central bank is the promotion of monetary stability and a sound financial system. In performing this role, a central bank necessarily undertakes some functions which include the issue of legal tender currency, maintenance of the value of the national currency, enhancement of funds mobilization, facilitation of competitive efficiency among banks and …

The Role Of Regulatory Bodies In Capital Market Development: The Nigerian Experience., George Akamiokhor

Bullion

This paper examined the need for capital market regulation which is motivated by the desire to protect the investing public from malpractices, instil confidence in the system and ensure financial market and economic stability which are pivotal to economic growth and development. History has shown that inadequate or absence of regulation is detrimental to the capital market as it encourages sharp practices by participants. Regulatory agencies are therefore necessary to police activities in the market with the aim of preventing or minimizing abuses which might mar investors’ confidence, the market's integrity and stability. As financial markets get liberalized, market participants …

A Model Of The Link Between The Fiscal System And Singapore's Central Provident Fund In General Equilibrium, Hian Teck Hoon, Kai Lin Teo

Research Collection School Of Economics

This paper demonstrates a channel through which the fiscal system interacts with the choice of CPF contribution rates to affect total savings, and hence, capital accumulation and the current account. It is shown that in the presence of a wage income tax, raising either the employee's or employer's contribution rates raises the total private earnings. On the other hand, in the presence of a capital income tax, raising the employee's or employer's contribution rates lowers total private savings. However, when we introduce a productive role for government spending, we show that an increase in CPF contribution rates under a balances …

The Challenges Of The New Banking Legislations, Oduyemi O. S.

Bullion

This paper examines Nigeria's new banking legislations. The new banking laws together with deposit insurance system, established in 1988, and the new regulations embodies in the prudential guidelines and the accounting standards for banks, both introduced in 1990, constitute and essential foundation for managing and promoting a dynamic and sound financial sector. The new regulatory environment places emphasis on the need for institutions to strengthen and build up capital, improve the quality of assets and maintain high lending and investment standards. The paper is in three parts. Part I reviews some of the major trends in the financial industry with …

Regulatory Framework Of Non-Bank Financial Institutions In Nigeria., Ojo M. O.

Bullion

This article examines the regulatory framework of non-banking institutions (NBFIs) in Nigeria. Those institutions often referred to as non-banks have been identified. However, it is noted that in this paper non-bank financial institution are those defined as other financial institutions by the Banks and Other Financial Institutions Decree (BOFID). The objective of this paper is to present an overview of the regulation of the non-bank financial institutions over the years. Part One of this paper identified the relevant institutions termed non-bank financial institutions. Part Two, the new regulatory framework is reviewed. This is followed in Part Three by an appraisal …

Foreign Exchange Market In Nigeria, Ntekop T. J.

Bullion

The paper carried out an appraisal, reviewed the benefits and problems and highlighted the prospects of foreign exchange market(FEM). The foreign exchange market(FEM) became institutionalized in Nigeria following protracted economic declines. The 1970's were generally regarded as an era of oil boom in Nigeria, when oil revenue enhanced economic development. The economy became heavily dependent on crude petroleum exports as the main source of foreign exchange earnings and government revenue. In a continuous effort to revamp the economy, the government introduced the Structural Adjustment Programme (SAP) in 1986 as a short-term measure to last till 1988. The core component of …

The English Crown's Foreign Debt, 1544-1557, Wayne M. Kline

Dissertations and Theses

As background to an investigation of the crown's foreign borrowing from 1544 though 1557, this thesis examines the general fiscal situation of the mid-Tudor Commonwealth with special emphasis on the great inflation of the 16th century, the role of Antwerp in European finance, and the relationship between war and English fiscal policy. It then examines in detail the creation of the debt under Henry VIII, its development into a standard feature of state finance under Edward VI, and its liquidation under Mary. Information on England and English crown finance was drawn principally from published primary sources while information on the …

Central Bank Of Nigeria Statistical Bulletin, June 1992, Central Bank Of Nigeria

CBN Statistical Bulletin

This volume data on various aspects of Nigeria's economy, including debt and banking sub-sector, central banking, financial markets, non-bank financial institutions, system clearinghouse activities, merchant and commercial banking, and public finance statistics for the year 1999. The data on financial institutions is based on the consolidation of commercial and merchant banks' first and second schedule statutory returns, computation of liquidity ratio, cash reserve ratio, loan/deposit ratio, proportion of loans to rural borrowers and small-scale enterprises, aggregate and sectoral distribution of credits, and the structure of licensed banks loans and advances. The data on financial markets is based on the consolidation …

The Role Of Banks In Successful Implementation Of The Premier Export Processing Zone In Nigeria., C M. Anyanwu

Bullion

The establishment and promotion of Export Processing Zones (EPZs) has been identified as a potential scheme for boosting manufactured exports. A decree (No. 34 Nigerian Export Processing Zones Decree 1991) formally establishing export processing zones in Nigeria was promulgated by the Federal Government on August 9, 1991. Consequently, an area beside the port of Calabar has been chosen as the site of Nigeria’s premier EPZ and the foundation stone was laid by the President in November,1991. This paper, therefore, examines the expected roles of the banks with a view of alerting them to the challenges ahead.

Developments In The Banking And Finance Industry: Institutional Framework 1970 - Date Changes In Ownership Structure., J O. Sanusi

Bullion

This paper provides a historical review of the ownership structure of Nigerian banks from the beginning of banking activities in the country in 1894 to the present. It shows that the ownership structure has both influenced changes in the institutional and legal framework and has also been influenced by them. The paper also analysed some of the implications of the changing structure of ownership and offered some recommendations.

Reconstituting The Financial Structure: The United States, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

This is a paper originally prepared for a Conference on "‘Issues on Banking Structure and Competition in a Changing World,"held at the Hotel Ramada Renaissance, Antalya Turkey, Sept. 18-20, 1991.

The main download here is the revision dated 13 May 1992.

Also included here are:

The paper with handwritten notes;

A Preliminary version of the paper;

A handwritten copy;

Comments on the paper prepared by Deniz Gökçe;

A schedule for the Conference;

A second copy of the May revision that was on a separate computer disk in Minsky's papers.

Prices In A Capital Using Capitalist Economy Ii, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

No abstract provided.

Prices In A Financially Sophisticated Capital-Using Capitalist Economy, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Four versions of this paper were found together in MInsky's files. The main upload has no date. The supplemental upload is dated 12 May 1992. There are differences between these, particularly in the early pages. There are editorial marks on the main upload that do not seem to have ever been incorporated in a final file. One of the other files, virtually identical to the main upload, was dated March of 1992.

Economic Comparison Of Selected Processing Alternatives For Alfalfa, Dan J. Bates

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Processing alfalfa for export is of significant interest to areas like Millard County, the largest hay-producing county in Utah. In the past year there have been significant reductions in the price of hay as a result of increased supplies in the central and western United States. This thesis analyzes the benefits and costs of processing alfalfa into cubes and recompressed bales in order to enter the export market.

Costs of production were estimated through the use of enterprise budgets first for the farmer to establish the costs and returns for raising the hay, and secondly for cubing and recompressing the …

The Empirical Issue Of Smuggling: A Discussion Of Methodology, Scott Fausti

Economics Staff Paper Series (1969 - 2017)

The theoretical results attained from the literature on Illegal Transactions in International Trade suggest: 1) a positive link between the duty levied and the level of smuggling effort; 2) a nonnegative domestic relative price effect; and 3) an ambiguous social welfare effect. The theoretical results predict the generation of some type of distortion. The literature labels these distortions "disparities" and divides them into three categories: price, value, and quantity. These distortions represent the empirically measurable effects of smuggling on the domestic economy. This paper makes the proposition that the "price disparity" distortion is the variable that empirical studies should examine …