From Three Cents a Week ... PDF Download

Author: William H. A. Carr
Publisher: Prentice Hall
ISBN: 9780133316117
Category :
Languages : en
Pages : 316

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Author: Mathias Dewatripont
Publisher:
ISBN: 9780262513869
Category : Banking law
Languages : en
Pages : 0

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Book Description
The Prudential Regulation of Banks applies modern economic theory to prudential regulation of financial intermediaries. Dewatripont and Tirole tackle the key problem of providing the right incentives to management in banks by looking at how external intervention by claimholders (holders of equity or debt) affects managerial incentives and how that intervention might ideally be implemented. Their primary focus is the regulation of commercial banks and S&Ls, but many of the implications of their theory are also valid for other intermediaries such as insurance companies, pension funds, and securities funds. Observing that the main concern of the regulation of intermediaries is solvency (the relation between equity, debt, and asset riskiness), the authors provide institutional background and develop a case for regulation as performing the monitoring functions (screening, auditing, convenant writing, and intervention) that dispersed depositors are unable or unwilling to perform. They also illustrate the dangers of regulatory failure in a summary of the S&L crisis of the 1980s. Following a survey of banking theory, Dewatripont and Tirole develop their model of the capital structure of banks and show how optimal regulation can be achieved using capital adequacy requirements and external intervention when banks are violated. They explain how regulation can be designed to minimize risks of accounting manipulations and to insulate bank managers from macroeconomic shocks, which are beyond their control. Finally, they provide a detailed evaluation of the existing regulation and of potential alternatives, such as rating agencies, private deposit insurance, and large private depositors. They show that these reforms are, at best, a complement, rather than a substitute, to the existing regulation which combines capital ratios with external intervention in case of insolvency. The Prudential Regulation of Banks is part of the Walras Pareto Lectures, from the Universiy of Lausanne.

Author: Elihu Rubin
Publisher:
ISBN: 9780300280821
Category : Architecture
Languages : en
Pages : 0

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Book Description
An in-depth look at Boston's Prudential Center and what its story reveals about the evolution of the modern American city The Prudential Center anchors the Boston skyline with its tall, gray tower. It is also a historical beacon, representing a midcentury moment when insurance companies such as Prudential were particularly aware of how their physical presence and civic engagement reflected upon their intangible product: financial security. Looking to New York's Rockefeller Center, the creators of the Prudential Center aspired to use real estate development as a tool toward civic achievement, reinvigorating central Boston and integrating a large complex of buildings with new infrastructure for the automobile. Now available in paperback, this award-winning book tells the full story of "The Pru," placing it in the political, economic, and architectural contexts of the period, and providing new insights into urban renewal in postwar America.

Author: Joan Anderson
Publisher: Harmony
ISBN: 0767920554
Category : Self-Help
Languages : en
Pages : 274

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Book Description
New York Times bestselling author Joan Anderson gives women practical advice and inspiration for building creative, independent, and fulfilling lives through discovering who they truly are and who they can be. Like Julia Cameron’s The Artist’s Way, Joan Anderson’s bestselling A Year by the Sea revealed a far larger than expected constituency, in the form of thousands of women struggling to realize their full potential. After years of focusing on the needs of others as a wife and mother, Anderson devoted a year to rediscovering herself and reinvigorating her dreams. The questions she asked herself and the insights she gained became the core of the popular weekend workshops Anderson developed to help women figure out how—after being all things to all people—they can finally become what they need to be for themselves. A Weekend to Change Your Life brings Anderson’s techniques to women everywhere, providing a step-by-step path readers can follow at their own pace. Drawing on her own life and on the experiences of the women she meets at her workshops, Anderson shows women how to move beyond the roles they play in relationship to others and reclaim their individuality. Through illustrations and gentle instruction, she illuminates the rewards of nurturing long-neglected talents, revitalizing plans sacrificed to the demands of family life, and redefining oneself by embracing new possibilities. Wake Up, Sister. It’s Your Turn A full life requires cultivation. The minute we take our hands off the plow, fail to reseed, forget to fertilize, we’ve lost our crop. And yet, most women I know, while in the service of some greater good have let their very lives wilt on the vine. Having been taught the fine art of accommodation, most of us have developed a knack for selfless behavior. We’ve dulled our personal lives while propping up everyone else’s, and we’re no longer able even to imagine having any sort of adventure, romance, meaning, or purpose for ourselves. In short, we’ve gotten way off track and taken the wrong road to self-satisfaction, foolishly thinking that after all of the doing, giving, trying, and overworking someone will offer us a reward. But Prince Charming was a bad joke and all the fairy godmothers are dead. Instead of happy ever after, most of us end up with the ache. We wake up each day with an inner gnawing, a hunger for more, a craving for an overhaul, but we are too listless, tired, or depressed to do anything about it. We have spent the greater part of our lives pouring ourselves out like a pitcher. No wonder we feel so empty. But we lack the necessary energy, a helpful roadmap, and any type of guidance and support. Well, it’s time to change all of that. —From A Weekend to Change Your Life

Author:
Publisher:
ISBN: 9780159005262
Category : Insurance companies
Languages : en
Pages : 212

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Author: Carlo Maria Cantore
Publisher:
ISBN: 1108415768
Category : Business & Economics
Languages : en
Pages : 283

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Book Description
Studies the GATS prudential carve-out as well as prudential carve-outs in preferential trade agreements.

Author: Prudential Insurance Company of America
Publisher:
ISBN:
Category : Industrial life insurance
Languages : en
Pages : 160

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Author: Alison Lui
Publisher: Taylor & Francis
ISBN: 1317480236
Category : Law
Languages : en
Pages : 232

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Book Description
Financial stability is one of the key tenets of a central bank’s functions. Since the financial crisis of 2007-2009, an area of hot debate is the extent to which the central bank should be involved with prudential regulation. This book examines the macro and micro-prudential regulatory frameworks and systems of the United Kingdom, Australia, the United States, Canada and Germany. Drawing on the regulator frameworks of these regions, this book examines the central banks’ roles of crisis management, resolution and prudential regulation. Alison Lui compares the institutional structure of the new ‘twin-peaks’ model in the UK to the Australian model, and the multi-regulatory US model and the single regulatory Canadian model. The book also discusses the extent the central bank in these countries, as well as the ECB, are involved with financial stability, and argues that the institutional architecture and geographical closeness of the Bank of England and Financial Policy Committee give rise to the fear that the UK central bank may become another single super-regulator, which may provide the Bank of England with too much power. As a multi-regional, comparative study on the importance and effectiveness of prudential regulation, this book will be of great use and interest to students and researchers in finance and bank law, economics and banking.

Author: Frederic S. Mishkin
Publisher: University of Chicago Press
ISBN: 0226531937
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
Since banking systems play a crucial role in maintaining the overall health of the economy, the adverse effects of poorly supervised systems may be quite severe. Without some form of vigilant external oversight, banking systems could fall prey to excessive risk taking, moral hazard, and corruption. Prudential supervision provides that oversight, using government regulation and monitoring to ensure the soundness of the banking system and, by extension, the economy at large. The contributors to this thoughtful volume examine the current state of prudential supervision, focusing on fundamental issues and key pragmatic concerns. Why is prudential supervision so important? What kinds of excess must it guard against? What particular forms does it take? Which of these are the most effective deterrents against mismanagement and system overload in today's rapidly shifting financial climate? The contributors foresee a continued movement beyond simple regulatory rules in banking and toward a more active evaluation and supervision of a bank's risk management practices.

Author: Guy Fletcher
Publisher: Oxford University Press
ISBN: 0198858264
Category : Philosophy
Languages : en
Pages : 223

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Book Description
Philosophers have long theorized about what makes people's lives go well, and why, and the extent to which morality and self-interest can be reconciled. However, we have spent little time on meta-prudential questions, questions about prudential discourse--thought and talk about what is good and bad for us; what contributes to well-being; and what we have prudential reason, or prudentially ought, to do. This situation is surprising given that prudence is, prima facie, a normative form of discourse and cries out for further investigation of what it is like and whether it has problematic commitments. It also marks a stark contrast from moral discourse, about which there has been extensive theorizing, in meta-ethics. Dear Prudence: The Nature and Normativity of Prudential Discourse has three broad aims. Firstly, Guy Fletcher explores the nature of prudential discourse. Secondly, he argues that prudential discourse is normative and authoritative, like moral discourse. Thirdly, Fletcher aims to show that prudential discourse is worthy of further, explicit, attention both due to its intrinsic interest but also for the light it sheds on the meta-normative more broadly.