Thursday, December 26, 2019

How Laughing Gas or Nitrous Oxide Works

Laughing gas or nitrous oxide is used in the dentists office to reduce patient anxiety and relieve pain. Its also a common recreational drug. Have you ever wondered how laughing gas works? Heres a look at how laughing gas reacts in the body and whether its safe or not. What Is Laughing Gas? Laughing gas is the common name for nitrous oxide or N2O. It is also known as nitrous, nitro, or NOS. Its a nonflammable, colorless gas that has a slightly sweet flavor and odor. In addition to its use in rockets and to boost engine performance for motor racing, laughing gas has several medical applications. It has been used in dentistry and surgery as an analgesic and anesthetic since 1844 when dentist  Dr. Horace Wells used it on himself during a tooth extraction. Since that time, its use has become commonplace in medicine, plus the euphoric effect of inhaling the gas has led to use as a recreation drug. How Laughing Gas Works Although the gas has been used for a long time, the exact mechanism of its action in the body is incompletely understood, in part because the various effects depend upon different reactions. In general, nitrous oxide moderates several ligand-gated ion channels. Specifically, the mechanisms for the effects are: Anxiolytic or Anti-Anxiety EffectStudies indicate the anti-anxiety effect from inhalation of laughing gas derives from increased  activity of GABAA  receptors.  The GABAA receptor acts as the central nervous systems principal inhibitory neurotransmitter.Painkiller or Analgesic EffectLaughing gas reduces the perception of pain by facilitating an interaction between the descending noradrenergic system and the endogenous opioid system. Nitrous oxide causes the release of  endogenous opioids, but how this happens is unknown.Euphoria EffectNitrous produces euphoria by causing dopamine to be released, which stimulates the mesolimbic reward pathway in the brain. This contributes to the analgesic effect, too. Is Nitrous Oxide Safe? When you get laughing gas at the dentists or doctors office, its very safe. A mask is used to first administer pure oxygen and then a mixture of oxygen and laughing gas. The effects on vision, hearing, manual dexterity and mental performance are temporary. Nitrous oxide has both neurotoxic and neuroprotective effects, but limited exposure to the chemical tends not to cause a permanent effect, one way or the other. The primary risks from laughing gas are from inhaling a compressed gas directly from its canister, which could cause severe lung damage or death. Without supplemental oxygen, inhaling nitrous oxide can cause hypoxia or oxygen deprivation effects, including lightheadedness, fainting, low blood pressure, and potentially a heart attack. These risks are comparable to those of inhaling helium gas. Prolonged or repeated exposure to laughing gas can lead to a vitamin B deficiency, reproductive problems in pregnant women, and numbness. Because very little nitrous oxide is absorbed by the body, a person inhaling laughing gas breathes out most of it. This can lead to risks to medical personnel who routinely use the gas in their practice.

Wednesday, December 18, 2019

Sexual Orientation Identity And Its Influence On Student...

Introduction As the student affairs profession develops, it is important to remain aware of how students and their identities are evolving. Higher education is constantly evolving, which is why it is extremely important to take sexual orientation identity and its influence on student development into account. In this paper, I will explore Fassinger’s (1998) sexual orientation identity model and provide an analysis of the theory. I will also share my findings from three interviews with students who are in different stages of sexual identity formation. Finally, I will address how knowledge of Fassinger’s Model and sexual identity development can inform the work of student affairs educators in creating more inclusive college and university environments. Fundamental Ideas Fassinger’s Model is influenced by racial and ethnic identity development models as well as gender identity development models. The theory offers a more inclusive perspective of various individuals in their sexual orientation identity formation (McCarn Fassinger, 1996). Fassinger’s Model was developed in an attempt to address the critiques of previously existing models. Fassinger’s model differs from other preexisting models in that the authors clearly distinguish between the two processes of personal development and group membership of same-sex sexual orientation (Evans et. al, 2010). In contrast to other models, this model uses phases versus stages, in order to provide flexibility and to demonstrate thatShow MoreRelatedSexual Identity And Adolescent Development Essay1464 Words   |  6 PagesAcquiring a sexual identity is very important and critical to the development of adolescents. While neither sexual or gender identity has anything to do with an individua ls’ physical anatomy itself, both have separate, individual meanings. According to genderspectrum.org, gender identity is a reflection and realization of â€Å"one’s internal sense of self as male, female, both or neither†. On the other hand, in regards to sexual identity and adolescents, this involves figuring out whom they find themselvesRead MoreSexual Identity Development1056 Words   |  5 PagesD’Augelli’s Model of Lesbian, Gay and Bisexual Development There are several theorists that have presented models on sexual identity development. Many of the models have stages of sexual identity development suggesting that certain characteristics are present during a specific period. However, Anthony D’Augelli presents a model that suggests processes rather than stages. These processes take place over the span of one’s life and not necessarily in any specific order or fashion. D’Augelli’s (1994a)Read MoreCulture, Gender And Education1228 Words   |  5 Pages Culture, Gender and Education Name Institution Chapter Five Diversity of sexual orientations The most important These terms differ in every context they are applied. The terms include homosexual, lesbians, heterosexual, gay, bisexual, queer and transgender. Some of the youths who do not like those terms are developing their own terms to fit into situation (McIntyre Tong, 1998). Numerous people are heterosexual also known as straight which entails sexually attracted to member of oppositeRead MoreDoes Counseling Overlook Glbt Students Needs? Essay1742 Words   |  7 PagesDoes Counseling Overlook GLBT Students’ Needs? Ryan M. Bruce Research Methods in Public Administration PADM 6130 – 95 Kyujin Jung â€Æ' Does Counseling Overlook GLBT Students’ Needs? This paper offers a research proposal to deal with the topic of counseling homosexual students. Gay, lesbian, bisexual and transgender individuals (GLBT) attended school at some point in their lives. Its main concern is how school counselors approach the needs of these students. This paper seeks to establish if counselorsRead MoreThe Effects Of Abstinence Based Programs On Actual Behavior Outcomes Essay1439 Words   |  6 Pagesprograms, operationalizing effectiveness in terms of initiation of sexual activity and teen pregnancy rates. They found that teenagers who received comprehensive sex education rather than abstinence-only or no education were significantly less likely to report a teenage pregnancy. In addition, their conclusions mirrored Sather and Kelly (2002), finding that abstinence-based programs did not reduce the likelihood of engaging in sexual activity. Kohler, Manhart, and Lafferty (2008) actually concludedRead MoreGay Culture As My Study Intercultural Communication16 93 Words   |  7 Pagesbecause of who they choose to love, their appearance, or who they are. Our sexual orientation and gender identity are fundamental characteristics of ourselves, and that should never be factors for suffering from abuse or discrimination. Homosexuality is all over the world; coincidentally, so is the inequality and discrimination. According to the, International Lesbian and Gay Association, 75 countries still incriminate same-sexual acts between consenting adults, which is dropped from 92 countries whenRead MoreHigh School Religious Context And Reports Of Same Sex Attraction And Sexual Identity1074 Words   |  5 PagesAttraction and Sexual Identity in Young Adulthood by Lindsey Wilkinson and Jennifer Pearson focuses on understanding the association between high school religious setting in adolescence and the reporting of same-sex attraction and sexual identity in young adulthood and how these relations vary by gender. Unlike previous studies that have consid ered how high school contexts shape the well-being of sexual youth, few have examined the extent to which these contexts shape sexual desire and identity. SchoolsRead MoreThe Cultural Identity Of The United States1394 Words   |  6 PagesFrequently, the task of taking a look at oneself can be overwhelming or outright uncomfortable. The two cultural identity models I will be discussing are white identity and heterosexual identity. Since I possess both of these identities what does that say about the experiences I have faced over my lifetime, and how do those experiences influence my perception of the world around me. As the demographics of the United States are rapidly changing the conception of the heterosexual white male is changingRead MoreSexuality Reflection1620 Words   |  7 Pagessooner we learn this concerning human sexual behavior, the sooner we shall reach a sound understanding of the realities of sex.† (Kinsey, 1948, p. 639). PSY3122 with Krystelle Shaugnessy aimed and succeeded to do exactly that — leave students with a sound understanding of the realities of sex and sexuality. Coming into this class, I held a certain set of attitudes, amount of knowledge, and level of comfort communicating matters of sexuality and sexual behaviour. Over the course of the semesterRead MoreSchool Counseling : A Unique Ethical Code739 Words   |  3 PagesCounseling Association (ASAC) website. The code starts with responsibility to students and supporting student development. This means school counselors have an obligation to the students including treating each student with dignity and respect. Furthermore, respecting students and families values, beliefs, sexual orientation, gender identification, and cultural background. School counselors have a goal of supporting students and families in a short-term setting, then referring to outside services for

Tuesday, December 10, 2019

Assymetric Information And Financial Market -Myassignmenthelp.Com

Question: Discuss About The Assymetric Information And Financial Market? Answer: Introduction A financial system is the arrangement of all financial entities within a country or a society. Any financial system consists of regulatory authorities (such as Monetary Authority of Singapore), financial intermediaries (such as Commercial Banks) and various stakeholders such as depositors, investors, borrowers etc. A financial system also comprises of the instruments that are used in the process of transactions. For example, currency, securities, Treasury bonds etc are examples of instruments.(Allen Gale, 2001)(Monetary Authority of Singapore, 2018) Source: Prepared by Author. Adapted from (Monetary Authority of Singapore, 2018)(Kania, 2014)(Allen Gale, 2001) Any Financial System primarily consists of Banking and Non Banking Financial companies as intermediaries as well as exchange markets as market places. For example, the Singapore Capital Markets serve as a market place for borrowers and lenders. These include the Stock Exchange, the Equity Capital Market exchange and Foreign Exchange markets.(Monetary Authority of Singapore, 2018) Financial intermediaries perform the function of monitoring and assignment of credit by accepting deposits from depositors and channeling them to borrowers. In this process, the risks associated with earning returns on assets are transferred to the banks and depositors do not necessarily have to bear them.(Claus Smith, 1999) Financial instruments help in creation of liquidity and credit creation. Financial intermediaries are able to provide loans based on the deposits made by depositors.(Claus Smith, 1999) In order to attract depositors, interest is offered to individual and institutional depositors. Financial markets also, mobilize credit amonst themselves.(Hull, 2015) For example, banks may borrow from whosesale markets in order to meet demand for credit in periods when there is not enough liquidity to provide credit during high growth periods. Similarly, stuructured financial instruments help package individual deposits into tradeable securities, thereby facilitating credit creation. Financial intermediaries collect assets in the form of currency , securities etc. High risk assets can be converted into lower risks assets due to the financial system. For example, a bond or a loan may be re-issued or re-secured. The maturity of the bond or the loan is extended. This is known as the transformation of the risks characteristic of an asset.(Claus Smith, 1999) Financial systems, also, solve the Free Rider problem and moral hazards by imposing transaction costs and reducing information asymmetry. The Information Asymmetry function also helps guard against adverse selection. Adverse selection is the provision of credit to the wrong borrowers simply because they have greater access to information or because they try more. Financial system helps reduce adverse selection by providing conditions for advancement of credit. (Claus Smith, 1999) Commercial banks are permitted to accept deposits from customers and use redistribute these deposits as credits. Commercial banks accept credit in the form of savings, current deposits, payment transfers etc. These are known as depository functions of the bank. Finance companies and insurance companies also, perform depository functions by accepting deposits. However, these deposits cannot be repaid on demand by way of cheques, drafts etc. (Monetary Authority of Singapore, 2016)(Andoh, 2014). Some other major similarities are as follows: Commercial banks, financial companies and insurance companies accept deposits and can forward secure loans. All three institutions perform the function of credit creation and risk sharing. All three institution can invest and earn interest or return using the deposits.(Monetary Authority of Singapore, 2018)(Andoh, 2014) There are a few other dissimilarities between commercial banks, finance companies and insurance companies are listed as below: Commercial banks can forward unsecured loans subject to limits while the other two institutions are not permitted to do so.(Monetary Authority of Singapore, 2016) Commercial banks, generally speaking, are able to carry out all the functions such as dealing in securities (domestic as well as offshore) , dealing with foreign currency, and provision of insurance.(Monetary Authority of Singapore, 2016) . Finance and insurance companies are not permitted to acquire or trade in foreign currencies or debt securities, stocks, equities, etc. (Monetary Authority of Singapore, 2016) Commercial Banks can complete transaction involving gold and other precious metals while finance companies and insurance companies cannot.(Andoh, 2014) In a nutshell, commercial banks can perform universal banking while finance companies and insurance companies cannot. The risks faced by banks on a day to day basis are related to a complex set of factors. Banks are vulnerable to financial risks from the points of view of Assets and Liabilities These risks faced by banks can be described in the T-Account given below: Credit Risk : . Credit risk refers to the risks that a bank may fail to fulfill its credit obligations and pay its lenders.(Bank of International Settlements, 2000) Credit risks may arise , on the assets side, from an excessive number of non-performing assets held by the bank while on the liability side, increases in the values of the liabilities ( for example, increase in value due to currency fluctuations) can lead to credit risks. Liquidity Risk : Liquidity risk refers to the risk that banks may be unable to fulfill its obligations or pay off its dues due to a temporary liquidity crunch. Liquidity risks may arise from not maintaining adequate capital or due to high amounts of borrowing. Liquidity issues may have a domine effect and create further issues. For example, banks may have to borrow at high costs, in distress, in order to solve temporary liquidity issues. Holding too many assets may imply that the bank may face a liquidity crunch to fulfill its liabilities. Similarly changes in cash flows expected from assets can also, create liquidity risks. For example, high number of bad loans may create a liquidity crunch from asset side . On the other hand, sudden surge in the liabilities of the bank may also have the same effect.(Epstein, 2016)(Hull, 2015) Interest Rate Risks: Interest rates are volatile . Banks may suffer if banks forward high amounts of debt at low rates and the borrowing rates for banks become higher due an increase in the rates by Central Banks. Similarly, the rates of bonds held by the bank are subject to volatility. Sharp dips and increases may affect the management of the assets and liabilities.(Epstein, 2016) Yield curve risks, high number of forward rate agreements are some of the common types of credit risks(JP Morgan Asset Management, 2001) Market Risks: Market risks generally, arise from the movements in the markets. These could include movements in the capital markets , currency markets etc.(Epstein, 2016) The sudden changes in values of all commodities and securities held by the banks underpin the market risks. (Bank of International Settlements, 2000). On the Asset side, a sharp dip in the value of the assets held by the bank may lead to heavy profits or losses. On the liabilities side, increases in the price of the liabilities may lead to high market risks. For example, Forward Rate Agreements are a great source of Market Risks. (JP Morgan Asset Management, 2001) Operational Risks: Major operational risks faced by banks are internal frauds, external frauds, risks related to employee safety and practices, malpractices from the other party such as clients, suppliers etc., risks relating to damage of physical assets, disruption of business due to failure of security and IT infrastructure, mismanagement and wrongful execution of processes by staff. (Karam Planchet, 2012 ) The sub-prime loans are an example of a bad product that turned into a high number of Non Performing Assets. Such products are operational risks. Similarly, purchasing bad products can increase liability side risks. Banks must follow best practices regarding asset and liability management, in order to minimize these risks. Additionally, banks must at all times aim at sound full disclosure practices. Credit Risks: Financial institutions must create a sound practices document that lists out, in detail, the processes regarding processing and monitoring the approval of credit. (Bank of International Settlements, 2000). Financial institutions are exposed to systematic credit risks (factors at the macro level that may cause risks of default) and firm specific risks (risks arising from the institutions own decisions regarding credit, investment etc.) Diversification is a key strategy used by financial institutions to manage credit risks. This includes diversification of credit sources, investments as well as other sources of earnings such as deposits. Any portfolio of credit or investment held by a financial institution is an optimal mix of low risk assets or liabilities to maintain stability and high risk assets and liabilities to maximize earnings. (Hull, 2015) Generally speaking , financial institutions heavily rely on two risk measures to measure the credit risk within a portfolio: Migration Analysis: The credit ratings of some prominent firms (which represent the structure of the industry) of an industry are monitored for ratings. If credit ratings show a decline that is greater than the historical trend, then the lending to firms of the specific industry is reduced. Generally, a loan migration matrix is also used to forecast the probability of default and whether the loans will be downgraded, uograded or are at default risk within a specific time period. Imposition of Concentration Limits: An upper limit of ten per cent of the entire capital of the insitution is set for loans. Financial institutions cannot advance loans to an individual entity that exceeds 10% of their capital. This helps diversify risks and prevents concentration. Apart fro this, firms can set det upper limits or reduces the loans advanced to specific industries or within specific geographic are to minimize concentration of risk. Liquidity Risks: The Bank must first and foremost, ensure that it meets the minimum capital requirements of Basel II Accord and maintain Capital Adequacy. (Prokopenko Bondarenko, 2012). Apart from the this, the most commonly used strategy to minimize liquidity risks used by banking firms is diversification. For example, a bank may have both individual depositors and institutional (business firms) depositors. In periods of high growth, deposits by institutional depositors may be low buy deposits by individual depositors may be high. Thus diversificatiion helps banks avoid liquidity crunch.(Hull, 2015) Diversification strategies include maintenance of a base that makes recurrent deposits (such as salary depositors), maintenance of liquid or semi-liquid assets (such as equities) , buffer of high quality and assets such as government securities etc. Diversification of liabilities is also a key strategy for liquidity management. Interest Rate Risks: Banks must identify the expected yields of bonds and expected losses of asset values well. Measures like Gap analysis, scenario analysis, duration analysis, value at risk analysis and all best practices are used by banks to protect against interest rate risks.(JP Morgan Asset Management, 2006) Market Risks: Market risks are inversely proportional to knowledge. Information about the markets helps traders understand their risk exposure and enables them to compare the returns on every risk planned. Efficient markets are markets that allow easy access of information to every stakeholder. (Samuelson NordHaus, 2004) As an example, a trader may be able to identify the potential returns on every Electronic Traded Fund simply because exchanges provided information freely on the potential earning on every unit traded, thereby helping them understand not only which ETFs they must trade in but also, the desirable quantity of trading. This helps reduce risk exposure and maximize earning potential for any trader. Similarly, a consumer may be able to identify which mutual fund they must invest in due to the easy access to historical data of the performance of different mutual funds. This helps the consumer reduce market risks. Market Risks are minimized by using the available information and a variety of indicators that help understand the potential profits or loss. The most common measure used to understand market risks is Value-at- Risk model that measures the potential loss of a risky asset or portfolio within a defined period. Operational Risks: Banks are, generally, required to follow international standards and best practices such as setting up Firm wide Regulatory and Control Committees or other such bodies.(JP Morgan Chase and Co, 2013) Primarily, for all kinds of risk, a bank may use the Three line of Defense framework to manage all the different kinds of risks(Infosys Limited, 2017) The three line od defense relates to actions by staff, policies set by policy makers and responsible over view and pro-activeness from the supervisory authorities such as Board of Directors. (KPMG, 2018) (The Institute of Internal Auditors, 2013) Managers are agents of the bank and may not necessarily be shareholders of the bank. Hence, they do not have incentives to maximize the profits of the bank itself. This leads to agency costs for the bank. Agency costs may come in various forms. For example, a manager may not take appropriate care while forwarding loans to deposits. In some cases, managers may take excessive risks in order to meet their targets. The costs of these actions may be borne by the bank.(Diamond, 1996) (Kania, 2014) Agency Costs are costs that arise due to an agents conflicts of interest against those of the Principal. For example, in a Financial system, a bank is an agent while the economic system is a Principal. A bank may take excessive risks , jeopardizing the health of a financial system. Similarly, in a bank or a finance company, a manager may forward excessive unsecured loans to meet targets, putting the firm in a bad position. There are costs attached to the conflicts of interests that arise between the agent and the principal. These are agency costs. Similarly, agency costs may also referred to the costs incurred due to the process of delegated monitoring. (Kania, 2014) A Free rider Problem exists when there is a market failure and some people or entities manage to take advantage of those goods and services that they do not pay for . For example, when two people make a transaction without any transaction costs, they take the advantage of the economic system without paying for it.(Venu, 2003)(Brealey, et al., 2012) For example, one way that commercial banks can overcome the Free Rider problem within a financial system is by introducing transaction costs on all parties that conduct the transaction. The Free rider problem arise when individuals/entities are able to profit from the system without paying for the costs associated. An example of the Free rider problems is when individuals gain high returns from the stock exchange and currency trade simply due to the fact that they can take advantage of weak markets with a high degree of asymmetric information. (Buckle Thompson, 2004)(Heinrich, 2002) The three conditions are adverse selection, moral hazard and asymmetrical information. A financial system cannot function well in the presence of these problems Moral Hazard: Moral Hazard occurs when the agents that benefit do not have to bear the fulfill costs for their actions. For example, excessive speculative activities can distort stock exchange returns but speculators do not pay the price for it. Adverse Selection: The selection of wrong kind of benefactors is known as adverse selection. Conditions when the agents with highest potential of risk are selected over and above that have lower risk is known as adverse selection. Adverse selection causes the prevalence of high risk arrangement and increases the vulnerability of the financial system.(Johnston, et al., 2000) Asymmetrical information: Asymmetrical information is lack of full information to all stakeholders of the system. Some entities such as institutional investors may have more information that ordinary investors giving them an unfair advantage. Asymmetric information can lead to problems of adverse selection or selection of wrong borrowers for credit disbursement, moral hazard and free rider problem(Venu, 2003) Delegated Monitoring: Delegated Monitoring refers to the function of overseeing the flow of credit/liquidity by virtue of being a channel for the flow. Thedelegated monitoris a financial intermediary because it borrows from small investors (depositors), using unmonitored debt (deposits) to lend to borrowers (whose loans itmonitors)(Diamond, 1996) Delegated monitoring can help reduce the three conditions. Delegated monitoring brings its own agency costs. For example, banks may forward excessive credits to maximize their profits but may jeopardize the health of the financial system. However, delegated monitoring is essential and the key is to fix the ownership structure. (Broz, 1998) The process of Central Banking and regulatory authorities helps eliminate the Free Rider problems, Agency costs problem and assigns delegated monitoring.(Broz, 1998) Similarly, the delegated monitoring of banks, internally, is generally entrusted to the Board of Directors.(Brealey, et al., 2012)(Heinrich, 2002) References Allen, F. Gale, D., 2001. Comparing Financial Systems. 2nd ed. Massachussets , USA: London, England; Cambridge, USA. Andoh, S. K., 2014. Essentials of Money, Banking and Financial Institutions: With Applications to the Developing World. First ed. New York, USA: Lexington Books. Bank of International Settlements, 2000. Principles for the Management of Credit Risk - final document. [Online] Available at: https://www.bis.org/publ/bcbs75.htm [Accessed 31 January 2018]. Brealey, R. A., Myers, S. C., Allen, F. Mohanty, P., 2012. Principles of Corporate Finance. Tenth ed. New Delhi: McGraw-Hill Education. Broz, J. L., 1998. The Origins of Central Banking: Solutions to the Free-Rider Problem. The MIT Press, 52(2), pp. 231-268. Buckle, M. J. Thompson, J., 2004. The UK Financial System. Fourth Edition ed. Manchestor, UK; New York, USA: Manchetor University Press. Claus, I. Smith, C., 1999. Financial intermediation and the monetary transmission mechanism. RESERVE BANK OF NEW ZEALAND: Bulletin, 62(4), pp. 4 -16. Diamond, D. W., 1996. Financial Intermediation as Delegated Monitoring: A Simple Example, Richmond, USA: Federal Reserve Bank of Richmond Economic Quarterly . Epstein, S., 2016. The Different Types of Risks Faced by Banks. [Online] Available at: https://www.linkedin.com/pulse/different-types-risks-faced-banks-stanley-epstein [Accessed 31 Januaury 2018]. Heinrich, R. P., 2002. Complementarities in Corporate Governance. Berlin, Germany: Springer. Hull, J. C., 2015. Risk Management and Financial Institutions. Fourth ed. Hoboken , USA: John Wiley and sons. Infosys Limited, 2017. Operational Risk Management in Banks: The Way Forward. [Online] Available at: https://www.infosys.com/industries/financial-services/white-papers/Documents/risk-management-banking.pdf Johnston, B., Chai, J. Schumacher, L., 2000. Assessing Financial System Vulnerabilities, Washington DC: International Monetary Fund . JP Morgan Asset Management, 2001. The use of Forward Rate Agreements (FRAs) to manage interest rate risk. [Online] Available at: https://treasurytoday.com/2001/06/the-use-of-forward-rate-agreements-fras-to-manage-interest-rate-risk [Accessed 31 Januaury 2018]. JP Morgan Asset Management, 2006. Management of Interest Rate Risk. [Online] Available at: https://treasurytoday.com/2006/03/interest-rate-risk-management-measurement [Accessed 31 Januaury 2018]. JP Morgan Chase and Co, 2013. JP Morgan Annual report. [Online] Available at: https://read.jpmorgan.com/i/292944-jpmorgan-chase-co-annual-report-and-letters-to-shareholders/148 [Accessed 31 January 2018]. Kania, E., 2014. FINANCIAL INSTITUTIONS MANAGEMENT. [Online] Available at: https://www.kb.ue.wroc.pl/wp-content/uploads/2014/02/fim_03.pdf [Accessed 30 January 2018]. Karam, E. Planchet, F., 2012 . Operational Risks in Financial Sectors. Advances in Decision Sciences, 2012 (2012 ). KPMG, 2018. The three lines of defense: Making the transition to a mature risk management model. [Online] Available at: https://assets.kpmg.com/content/dam/kpmg/ca/pdf/2017/01/three-lines-of-defense-kpmg.pdf [Accessed 30 January 2018]. Monetary Authority of Singapore, 2016. Commercial Banks. [Online] Available at: https://www.mas.gov.sg/singapore-financial-centre/types-of-institutions/commercial-banks.aspx [Accessed 30 January 2018]. Monetary Authority of Singapore, 2016. Finance Companies. [Online] Available at: https://www.mas.gov.sg/singapore-financial-centre/types-of-institutions/finance-companies.aspx Monetary Authority of Singapore, 2018. Singapore Financial Centre. [Online] Available at: https://www.mas.gov.sg/Singapore-Financial-Centre/Types-of-Institutions.aspx [Accessed 30 January 2018]. Prokopenko, Y. Bondarenko, D., 2012. Operational Risk Management: Best Practice Overview and Implementation. Tirana, Albania, International Finance Corporation: World Bank Group. Samuelson, P. A. NordHaus, W. R., 2004. Economics: Seventeenth Edition. 2002 ed. New Delhi: Tata- McGraw Hill Publishing Company. The Institute of Internal Auditors, 2013. IIA POSITION PAPER: THE THREE LINES OF DEFENSE IN EFFECTIVE RISK MANAGEMENT AND CONTROL. [Online] Available at: https://na.theiia.org/standards-guidance/Public%20Documents/PP%20The%20Three%20Lines%20of%20Defense%20in%20Effective%20Risk%20Management%20and%20Control.pdf [Accessed 30 January 2018]. Tinca, A., 2007. The Operational Risk in the Outlook of the Basel II Acord Implementation. Theoretical and Applied Economics, pp. 31 -34. Venu, S., 2003. Assymetric information and financial markets' regulation. [Online] Available at: https://www.thehindubusinessline.com/2003/02/10/stories/2003021000030900.htm [Accessed 30 January 2018]. Wright, R. E. Quadrini, V., 2018. 8.2 Transaction Costs, Asymmetric Information, and the Free-Rider Problem. [Online] Available at: https://catalog.flatworldknowledge.com/bookhub/30?e=wright-ch08_s02 [Accessed 30 January 2018].

Monday, December 2, 2019

One Typical Day free essay sample

Dragging my tired self to my locker one Tuesdayafternoon, I picked up my books and shoved them into my bag. I pulled out mysports bag, dreading cross-country practice and thinking of all I had to do thatnight: write an English paper, do a practice math SAT and study for chemistry.Thats when a cheery voice broke in, Hey, Katie, dont forget about ourSPAC performance tonight at the hospital. See you at seven! Thevoice belonged to Adam, the president of Students in the Performing Arts for theCommunity. He and a few of our schools symphonic band members (including me)started the club because we wanted to put some of our time and talents back intothe community by performing at hospitals and nursing homes. At that moment,however, I saw the performance as just one more thing to add to my list. Iarrived at the hospital with my flute in one hand and my chemistry book in theother, hoping to sneak in a little studying. We will write a custom essay sample on One Typical Day or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I walked through the sliding doorsinto a cream-colored hall and saw an audience of older people in wheelchairs.Some were sleeping, others sat with blank stares, but a few looked joyful. Thosewere the faces, rosy with excitement, that made me smile. In their midst Ispotted a thin, pale girl who was no more than 13. Thick black braces engulfedher tiny legs, and I wondered why someone so young was stuck in thisplace. Toward the end of the hour, after Bach and show tunes, my friendSarah asked if anyone had any requests. The girl raised her arm and asked if shecould sing My Heart Will Go On. Sarah happily invited her to sharethe microphone and the girl hobbled past the sea of wheelchairs. When she andSarah began to sing, I noticed the girls cheeks became pinker and her eyesshined. At that moment, I forgot my homework and remembered the true meaning ofSPAC: improving the quality of life for others. After the performance weall talked with the girl and discovered she wants to be a singer. She told usthat singing with Sarah had helped her remember her goal. As she spoke, shelooked down, self-consciously, at her thin legs. Then, she asked if we could allget together for a picture so she could remember this night and never give up onher dream. I stayed longer than Id planned. I was amazed by what one hourof my time could do help someone go from feeling like a prisoner in a hospitalto feeling like Celine Dion performing at a concert. That night, I lingered atthe dinner table with my family. I also called a friend I had not talked to in awhile. I did not do too well on the chemistry test the next day, but it was justone test, and I knew I could take it again. There could be no retake for myexperience that night at the hospital, except the one Ill always replay in myheart.