impacts despite conventional implementation lags.
2. Conventional Wisdom And TheCrisis
IMF (2009a) highlights three channels through which fiscal costs operate
Automatic stabilizers
Other non-discretionary impacts
Discretionary fiscal stimulus
Asian Development Bank (2009a) also notes that a country's ability to withstand shocks depends on a set of variables that may either amplify o
the end of year 2010, the number of PCs will exceed 40,000,000. In addition, the usage of mobile phones has reached to 62% ofthe population.
2. Malaysia
- Demographical perspective
-The population in Malaysia is 28,650,000. 50.4% ofthe population is Malaysians, 23.7% are Chinese, 11% are natives and 7.1% are Indians.
The following graph shows the population rate based on age and gende
the rise of yen.
Addressing a press conference in the morning in Tokyo, after the government and the Bank of Japan (BoJ) stepped into the market to sell yen and buy dollars, Japanese Finance Minister Yoshihiko Noda said he will continue to watch forex market trends.
The widely anticipated move immediately pushed the surging yen down from the fresh 15-year highs it hit on Tuesday to trade
the United Nations and its system (specialized agencies, funds and programmes) affect our lives and make the world a better place. One ofthe central mandates ofthe United Nations is the promotionof economic and social development.
2) What is UNDP?
The United Nations Development Programme (UNDP) is the UN's global development network. UNDP is currently present onthe ground in 166 count
the expiration while the protection buyer trying to transfer the credit risk periodically pays for the premium, which is the cost for the risk, until the end ofthe contract. Since the credit events which become the criteria ofthe compensation are difficult to be standardized other than other derivatives, the contract is written based onthe Standards of ISDA (International Swap and Derivatives