...ECOn3104- Assignment 1 Carry Trade: Impacts Abroad INTTRODUCTION The carry trade phenomena refers to the process whereby an investor borrows money in a relatively low interest rate currency (funding currency) and effectively invests in a high interest rate currency by converting funds into the high interest currency and lending the amount to yield a higher return. We can show how the European Central Bank (ECB) to permanently increase the money supply will have a direct affect on the domestic Australian economy. This form of carry trade behavior will cause instability in the domestic exchange rate to which the Reserve Bank of Australia (RBA) can respond with an appropriate policy. BODY: * European Central Bank action To understand the full extent of the carry trade, we must appreciate the operations of the ECB in managing the money supply and effectively stimulating necessary changes to proceed with a carry trade strategy. The ECB having direct control of the money supply enables them to increase the money supply through looser monetary policy, for example. This is seen graphically in Figure 1 of appendix A [krugman, Obstfeld & Melitz, 2012]. From the graph we can see the Australian money market is initially at equilibrium at point 1 and the foreign exchange market at 1’, equating to an exchange rate of E$/€1. Now with the ECB action we illustrate the increase in money supply by a shift to the left of the expected Euro interest rate. Foreign exchange...
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...Carry Trade INTB 693W – Global Finance A carry trade is a strategy in which an investor borrows money at a low interest rate in order to invest in an asset that is likely to provide a higher return. This strategy is very common in the foreign exchange market. For example, in the period up to 2007 many investors borrowed in Japanese yen or Swiss francs, taking advantage of very low interest rates in Japan and Switzerland, and used the money to take long positions in currencies backed by high interest rates, such as the Australian and New Zealand dollars and South African rand. Historically, carry trade always resulted in excess returns on an average, while being occasionally subjected to large downside risk. In the past few years, the profitability of the traditional currency carry trades has declined as the central banks of major developed countries have pursued quantitative easing policies that are designed to keep interest rates low. Opportunities for currency carry trades do, however, continue to exist in the emerging markets. In the carry trade, there are three important sources of risk. Some economists believe that the high interest rates paid on emerging market currencies could be due to hidden disastrous events that had not yet occurred. Another type of risk relates to contagious crises in emerging markets. Because many of the players in the carry trade are present in all of the emerging market currencies, a crisis in one currency can carry over and cause additional...
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...pace. You can’t do that in a traditional classroom learning setting. People without hectic lives prefer the traditional classroom learning so they can get the help from the teacher on a one on one level and be able to turn in assignments to a person not through a computer. They prefer more structured settings and being able to ask for help from fellow students also on a one on one level. I’ve done both, and I prefer the online learning due to more time to do assignments at my own pace and I don’t feel rushed. I felt rushed in a classroom setting. With online learning, you don’t have to worry about carrying books from class to class everyday. Most books are online now for online learning. People who do classroom learning have to carry books from class to class everyday. I think in time they will get tired of carrying those books on their backs, but that’s my opinion. I prefer reading my book for my class online that way there’s no turning it in at the end of the semester or yr., depending on how your...
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...Geanean Mckenzie Professor Weiss Modes Of Analysis Character Of Analysis Essay 2/16/14 In Tim O’Brien “The Things They Carried” The first story in the collection introduces the cast of characters that reappear throughout the book. The cast is made up of the soldiers of the Alpha Company, led by First Lieutenant Jimmy Cross. The platoon is deployed to fight in the Vietnam War. The narrator, O’Brien, is one of the soldiers, and he distinguishes one soldier from another in this first story by the items that they carry. Authors as far back as Homer described soldiers going into battle by naming the things that they carried: goatskins filled with water, spears, and locks of hair from their beloved ones. O’Brien updates this literary strategy. His characters carry the modern implements of war. But the feeling evoked is similar: static lists make the characters seem already dead, prematurely mourned. The lists are like wills. The first story is told in third person, with some insight into the mind of Jimmy Cross. This movement between perspectives is called free indirect discourse, and serves to distance the reader from the soldiers. The reader sees them as if they were in a movie, moving slowly across an unfamiliar landscape, carrying their various burdens. The ancient movement of men going to war is juxtaposed with the rough, modern language of the soldiers themselves. They use slang, swear at each other, and try to diffuse the feeling of danger and helplessness by describing death...
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...The Beach Carrier is a new product concept developed by Mary Ricci. It is a large, lightweight, durable bag that is designed to carry everything required for a day at the beach, including a chair. The Beach Carrier can be folded down to a 12-inch by 12-inch square for easy storage when not in use. It comes with an adjustable strap and various-sized pockets for carrying all types of items to the beach or other outdoor activities (i.e. concerts, picnics, and barbecues). Currently Mary Ricci does not have the capital to produce her newly designed beach carrier bag and has decided not to lease or sell the design to a manufacture for a flat fee. The Beach Carrier possesses several strengths relative to competitive products in the market, including the following: 1. The overall product concept differentiates itself by being the only single bag that can carry all of the things needed for a day at the beach. 2. The Beach Carrier can be easily used and stored when not in use and it can be folded down to a 12-inch by 12-inch square. 3. The Beach Carrier is large and roomy and contains multiple compartments and different-sized pockets. It can accommodate carrying items varying in size from a bottle of sunscreen to a beach chair or ski boots. 4. It is manufactured in a lightweight, tear-resistant, fade-proof fabric that dries quickly and is suitable for various outdoor activities. 5. The Beach Carrier will be offered in a variety of fluorescent and conservative colors, where competitive products...
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...and items supply to the facility E. Brief Safety tips for all Visitors / Contractors coming into the facilities F. Contact through the intercom the staff requested for by the visitor before granting access. G. Prepare Daily duty Report H. Taking the roll call during fire drill/emergency I. Carrying out routine patrol as may be assigned ADMIN BLOCK POST A. Keeping accurate Staff Attendance register B. Helping visitors /staff to park their cars appropriately C. Direct visitors to the right office/department D. Carry out routine patrol as may be assigned by the security supervisor. THE STORE HOUSE POST. A. Keeping accurate record of goods and Raw material in & out movement B. Control traffic and order in the goods/raw material loading C. Restrict access to unauthorized persons D. Prepare daily duty report E. Carry out routine patrols checks THE PRODUCTION BLOCK/AREA A. Restrict unauthorized visitors access to the area B. Carry out constant routine check on the area C. Proper clearance before any machine/tool is remove to other location, etc OUT GATE SECURITY POST A. Check waybill and goods, document them B. Crowd/access control C. Check out going vehicles to prevent unauthorized take away /drive off D. Check bags and luggages of outgoing visitors and staff. E. Carrying out other assigned duties, by the supervisor WORKING TOOL REQUIRED. Electrical Screening device eg, CCTV, Metal...
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...An image can say a lot about a person. It influences how we feel about ourselves as well as how others see us. There are different factors that go into creating a professional image and a significant one is the way we dress. By dressing appropriately, we can create a professional image that others admire. One essential item that every man and woman should have is a carrying case, such as a briefcase or handbag. By having a bag to hold important documents and supplies, the person is perceived as more organized and professional than someone who does not have one (Doche, 2013). Different bags have become more popular and trends have changed for both men and women. Men are no longer using classic box briefcases (Smith, 1997). Instead they are moving towards a sleeker briefcase with compartments for mobile devices (Doche, 2013). Women, on the other hand, are starting to use more gender-neutral handbags ("Working Guide,” 2013). For both genders, the use of an appropriate carrying case is essential to maintaining a professional image. Therefore we must discover what type of carrying case is appropriate. To begin our analysis, we will first analyze the type of carrying case that is appropriate for men. Traditionally, most men carried a fairly large, hard, hinged box briefcase (Smith, 1997). This served the purpose of safely transporting papers and office supplies (Smith, 1997). However, times have changed. As early as the 1990s, the introduction of electronic portable devices has greatly...
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...Study Guide a. Describe the six basic body positions: Anatomic – facing you, arms down, palms out Prone – face down Supine – face up, flat on back Fowler’s – sitting up (45 degrees), position of comfort Trendelenburg – (whole body) feet elevated 8”-12” (generally used with a backboard) Shock (or modified Trendelenburg) – (waist down) feet elevated 8”-12” Recovery – left lateral recumbent 1. Define body mechanics: Body Mechanics – the principles of effective, safe movement used in lifting and moving patients. The use of proper mechanics reduces the EMS provider’s chances of becoming injured. 2. Discuss the guidelines and safety precautions that need to be followed when lifting a patient: Use a minimum of 2 people Call for additional help if necessary Use an even number of people to maintain balance Know the weight limitations of your equipment Know your own limitations If the lifting is unsafe, don’t move the patient Keep weight as close to your body as possible 3. Describe the safe lifting of cots and stretchers: General Guidelines – know the weight to be lifted and the team’s limitations, constantly communicate to coordinate actions, don’t twist your body, keep weight as close to your body as possible, flex at your hips and bend knees, and keep back straight. Cots/Backboards – tighten your back in normal, upright position, spread your legs about 15 inches apart, bend at the knees to lower your torso, use power grip to grasp cot/backboard, adjust position...
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...winner and two runner ups (Prize to be determined) * Students to be able to purchase a maximum of 5 ticket * Winner and runner ups to be announced in an all year (or KS3) assembly * Activities * Football tournaments (or other sports) * Cricket Challenges * Running Competitions * Full day focusing on a particular subject * Drama Performance * Staff from the drama studio willing to create a play for students during activities day. Problems with the proposed plan: I have been informed that students from Year 10-11 will be carrying on with coursework during the activities day (unconfirmed) so this plan may become an obstacle for this doing their coursework as a large number of staff will be needed to carry this out. Also I have been informed that another activities day had already been planned...
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...Pangma-La is having a nightmare about disappointing her father, which is her biggest fear. When they arrive to the village near the mountain, there Sherpa men are offering to carry their loads. Pangma-La’s dad makes the Sherpa men very angry. The Sherpa men are telling him about the mountain goddess, who will provide him from climbing to the top of the mountain. On the first day they were climbing, a Sherpa woman appears and offers to help Pangma-La by carrying her heavy sack, but she says no. On the second day the Sherpa woman appears again, and offers to take the heavy things from Pangma-La’s sack, and fill it up with swan’s down instead. Pangma-La says yes, but only because the Sherpa woman promises, that her father will not find out. On the third day the Sherpa woman appears again, and she covers Pangma-La with swan’s feathers instead of her heavy clothes. On the fourth day, the Sherpa woman appears again, and she takes Pangma-La’s heavy heart and fills her with swan’s downs instead. At the fifth day Pangma-La is gone. This time the Sherpa woman appears to the father, with Pangma-La, who now is a swan, beside her. The father becomes very mad, and when he tries to strike her down, she turns into the mountain goddess. She explains to him that his daughter is turned into a swan, because she could not carry the burden he has put on her. He gets his heart’s desire, but when he realizes that his own...
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...Betty Mundy His 103 Professor Dr. Loveland June 2, 2015 History we make every day, unaware that we are even doing so. Some people feel that history is not an important, but where would we be if not for history? Would we be living in poverty in a shack, or would our society be ruled by one and not the majority. Could you imagine being told what job you would perform due to your social class? Another thought, would we know our heritage, or perhaps what our ancestor’s went through. I fear a world where history is not important. I personally feel that we need to remember history, learn from it and improve ourselves along with society. To have family history is a blessing in my eyes. So many adopted individuals have no information on their true heritage. To truly know the whole story of your great grand parents and their struggles, or to be able to say I am seventy five percent German and a mix of Irish and Native American, is special. History can be seen on so many different levels of our everyday lives. On a broader scope of the picture, history we can learn from it. There is no need to keep repeating the mistakes of the past. For example, Hilter as a leader. To try and remove one section of society due to religious beliefs, making everyone live in fear of having to face the gas chambers. Not accepting humans if they were not blonde and blue eyed. This was the earlier form of being a racist and stereotyping, which in today’s society it would be frowned upon and even...
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...carried. In the chapter “Speaking of Courage,” O’Brien tells a fictional story of Norman Bowker trying to communicate his post-war feelings, and in the next tribute explains his tribute to Norman Bowker (who committed suicide.) O’Brien then tells of his post war life and of his trip back to Vietnam with his own daughter. When O’Brien is finished with war anecdotes, he tells one final story of how when he was nine, the love of his life, Linda, passed away. This final story brings the book to end with O’Brien explaining how stories help him survive because they give him an illusion of aliveness for those who have passed away and help lift the burden that he carries. 2) Throughout the entire book, the things soldiers carry to war appear as a major theme and they also portray soldiers’ feelings and hardship. Those men carry weight on their shoulder both figuratively and literally. The things the...
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...vital part of the school system and acts as a helping hand to the school and its students. This role is a leading demonstration of the school’s abilities and I feel that I am ready to take on such responsibilities. Having addressed fairly large crowds, I am now a clearer and more confident communicator. This will not only help me manage large groups of people but also help me in carrying out requests to improve the school community. One key element of this position is to assist the staff in running the school smoothly, however there is more to the position. A prefect is looked up to by younger pupils and is there to set an example for others to follow. In the 3 years that I have been at St Christopher’s School, I have seen past prefects carry out their duties and as a younger pupil then, I admired how much effort they put into these duties, thus making me learn from them. I will therefore utilise what I have learnt to become a successful prefect. Helping students’ progress through school is possibly the most important feature of a prefect’s duty. Volunteering to work with younger pupils in my previous school not just academically but also socially has given me an insight into this vital role. Assisting whoever is in need, whether they're troubled by academic or personal problems is essential and I feel ready to take on that task. It will be a delight to help the staff and pupils and it will be my way of giving something back to the school community. I am keen to offer my service...
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...returns from purchasing and holding similar interest-bearing instruments of the first currency. If the returns are different, an arbitrage transaction could, in theory, produce a risk-free return. Looked at differently, interest rate parity says that the spot price and the forward or futures price of a currency incorporate any interest rate differentials between the two currencies. Two versions of the identity are commonly presented in academic literature: covered interest rate parity and uncovered interest rate parity. Contents * 1 Covered interest rate parity * 1.1 An example * 2 Uncovered interest rate parity * 2.1 Uncovered interest parity example * 2.2 Uncovered vs. covered interest parity example * 3 Cost of carry model * 4 See also | Covered interest rate parity Covered interest parity (also called...
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...to Florida and that’s when it all started, I got stopped at security, I got lost, my flight was delayed, and my entire beloved luggage was lost. It was fun, adventurous, and exciting, but it was also stress full, chaotic, and a good learning experience. It was 6:00 am when me, my mom, and my sister arrived to the airport, I was so excited I ran around bending over backwards trying to hurry and get on the plane. Everything was going great, We got our luggage weighed checked in, and sent off. I remember looking in one of the gift shops and seeing this “BIG MISTAKE” eraser and saying, “Mom can we please stop and get that” She said “Now we don’t have time” But I ran in grabbed a pink one bought it and left as I stuck it in one of my carry ons. Well we arrived at the station where you walk through the detectors, I set my bag down all worried my earrings would set it off , then I walked through it and sure enough beep ,beep ,beep, I set the alarms on it off, or I guess you could say my “BIG MISTAKE” eraser did. As soon as I set it off they pulled my mom off to the side and gave her a pat down, when they realized it was my eraser that set it off they just laughed. After we were stopped at security I was panicking because it was then 7 am and we were boarding at 7:45. I was trying to help my mom find our gate, but I think I just confused her, we were lost, It seemed like we were walking past the same desks, just going in circles. I was so worried I was balling thinking...
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