between risk sensitivity and the stability of capital requirements, should this be viewed as necessary. In particular, the range of possible measures includes an approach by the Committee of European Banking Supervisors (CEBS) to use the Pillar 2 process to adjust for the compression of probability of default (PD) estimates in internal ratings-based (IRB) capital requirements during benign credit
Chinese economy and currency regime
Chinese economy had been controlled by the central government under the planned economy regime until 1979 (Morrison, 2007). In other words, most economic conditions used to be decided by the state in accordance with its policy, not by the market forces. From 1979, however, China has been experiencing huge innovation in its economic system until the present tim
and has several initiatives supportive of business start-ups.
Anyone can incorporate a company in Singapore. If you're a foreign entrepreneur, all you need is to obtain an Employment Pass or EntrePass to incorporate a company.
Ⅱ. Economic Environment
The economic trends of a country are very influential over business operations. Singapore's economy has shown continued resilience aga
Ⅰ. Current status of Korea's marketing channel
After opening of marketing industry in 1996, a variety of new companies began to emerge in South Korea. The rapid growth of discount stores, TV home shopping and Internet shopping make the marketing industry change rapidly. This phenomenon in the marketing market means that marketing firms stick together to achieve the economies of scale. Accordi
1. Review of “The Great Transformation”
Karl Polanyi(1886-1954)
An Austro-Hungarian political economist
He tried to deal with the social and political upheavals that took place in England during the rise of the market economy.
The great transformation:
“The political andeconomic origins of our time”
Originally Published in 1944 and reprinted in 1957 by Beacon in Boston.
Polany