Management challenge in Contracting
Challenges for public agencies
Loss of control
Reliance on contracting may put the government in a vulnerable position where essential services are concerned and lead to some loss of control over the services they purchase.
Excessive costs
Experienced service providers may have an information advantage over the government when new services are contract
Introduction to LTCM
1994, John Meriwether, the famed bond trader from
Salomon Brothers founded a hedge fund called Long-Term Capital Management
Like all US hedge funds, LTCM was an unregistered private
investment limited partnership (LP) with very few reporting and regulatory controls on it apart from normal auditing
LTCM's main strategy -> make convergence trades.
for a loan are given to corporations and owned businesses. Use is limited to land acquisition financing (토지매입자금), construction financing(공사자금), project financing(사업자금), etc. for the project. Bank loan limits up to within 20% of all equity capital. Business feasibility, creditworthiness of business practitioners and contractors, then check the overall risk within the sc
need to be consecutive. Third, the size of farmland is less than 30,000㎡ and the farmer have to own this farmland. The use of farmland is rice paddy, field and orchard. The farmland that used for actual agriculture is relevant to FRM. Farmland which is established to Limited real right are not allowed to join the FRM. (Ex : Mortgage, Seizing, provisional attachment, provisional disposition).
For reference, in theory, in case FRF , if interest on money falls down 1%, the house price would increase 10%. So a 2% drop of the interest on a loan result in 20% increase of the house price.
Failure to control bubble by a tight-money policy
While liquidity increase through a cheap money policy contributed to growth of housing industry, increase of sub-prime admission rate with growth of ho