WorldWideScience

Sample records for networks money laundering

  1. Money laundering

    OpenAIRE

    Kryvosheieva, Ganna

    2017-01-01

    The thesis deals with evaluation of ant-money laundering effectiveness. In theoretical part money laundering, FATF (Financial Ask Task Force) and AML(anti-money laundering) are defined. Practical part concentrates on the biggest scandals of the latest years and assessment of AML effectiveness. Based on this evaluation, weak places in AML mechanisms were identified. Additionally, tools of AML improvement were determined.

  2. Money Laundering

    DEFF Research Database (Denmark)

    Tsingou, Eleni

    2014-01-01

    This chapter provides an overview of the role of the European Union in the emergence, consolidation and development of the governance of money laundering. In particular, it identifies three sets of factors that explain the role of the European Union in the global Anti-Money Laundering (AML) regime...

  3. The role of social networks for combating money laundering

    NARCIS (Netherlands)

    Imanpour, M.

    2017-01-01

    Money laundering is the disguising of the illegal origin of money by bringing it back into the legal financial circuit. Therefore, in this dissertation I try to establish a theoretical framework to understand the role of social networks, and the link between criminals and legal actors in the money

  4. Money Laundering and its Regulation

    OpenAIRE

    Alberto E. Chong; Florencio López-de-Silanes

    2007-01-01

    The recent wave of terrorist attacks has increased the attention paid to money laundering activities. Using several methodologies, this paper investigates empirically the determinants of money laundering and its regulation in over 80 countries by assembling a cross-country dataset on proxies for money laundering and the prevalence of feeding activities. The paper additionally constructs specific money laundering regulation indices based on available information on laws and their mechanisms of...

  5. The Multidisciplinary Economics of Money Laundering

    OpenAIRE

    J. Ferwerda

    2012-01-01

    Money laundering has been studied for many years, but mainly by lawyers and criminologists. This dissertation presents a number of ways on how an economist – mainly in a multidisciplinary fashion – can contribute to this field of research. This dissertation answers four important questions about money laundering: Why should we fight money laundering? How is money laundered? In which sectors is money laundered? And how can we fight money laundering? The literature mentions 25 effects of money ...

  6. MONEY LAUNDERING TYPOLOGIES SPECIFIC TO ROMANIA

    Directory of Open Access Journals (Sweden)

    Din Alina Valentina

    2012-07-01

    Full Text Available Money laundering is a process by which some people render or try to render a legal appearance to some profits obtained illegally by criminals who, without being compromised, will afterwards benefit from the respective incomes. In this context, the issue of money laundering, comprising a wide spectrum of directions, namely: the main landmarks regarding the appearance of “dirty” money and its laundering; the money laundering mechanism which mainly involves its A the placement the initial movement of money, in order to change its form or place and to place it outside the authorities’ coverage area of applying the law. For the incomes in cash which are permanently cashed, there are valid the first techniques used by the mafia groups in 1920 in the USA. Illegal money is mixed with money legally obtained from businesses which involve cash receipts. B Stratification (or investment represents the second stage of money laundering in which the money circulates within different companies, corporations and financial institutions, physically, by deposit or electronic transfer. One aims to physically move the money to other entities in order to separate it from its illegal source in an attempt to disguise its origin. In most of the cases, the first concern after committing the basic infraction is to transfer money abroad. The basic rule is that the person whose funds have to be transferred should not assume this risk. At the international level there are networks of professional couriers who take over the transfer action and provide the delivery of money abroad, at the established place and then its integration, respectively the return of clean money to the offender in order to be used as legally obtained money; regulations regarding money laundering, at international level (Convention from Vienna, Recommendations of the International Financial Group - GAFI 40 + 8 Special Recommendations regarding Terrorism Financing, European Union

  7. The Governance of Money Laundering

    DEFF Research Database (Denmark)

    Tsingou, Eleni

    2014-01-01

    different types of official bodies and private institutions, more or less international in their orientation. Reconciling their aims and building a global regime that can translate into effective and tailored policies on the ground is thus a major challenge for the governors of money laundering......, moreover, that is key to debates about international political economy (IPE) since it goes to the heart of the integrity of the financial system and also, at least in principle, aims to impose controls on the movement of money. Yet, as a policy concern, thinking about money laundering was developed away...... from traditional settings for the regulation of global finance. Instead, AML policies were driven by and linked to the public policy objectives of law and order. As a result, the governance of money laundering encompasses a broad set of goals, techniques and professional knowledge. It brings together...

  8. The Money Laundering Prevention System

    Directory of Open Access Journals (Sweden)

    Sonja Cindori

    2007-03-01

    Full Text Available The paper presents the money laundering and terrorist financing prevention system in Croatia. The basic concepts are defined, the principles and fundamentals of international regulations analysed, and the regulatory system in Croatia covered by statute and money laundering prevention Regulations is presented, in conjunction with a description of the organisation, remit and international actions of the Money Laundering Prevention Office.The infiltration of dirty money is a crucial problem from national economies. The purchase of shares, of real estate, the establishment of dirty investment funds and the use of the banking system for the embedding of such resources is a danger to the credibility of a whole country, and in particular to the security of the financial and banking system. Croatia has adopted statutory measures aimed at the effective detection and prevention of suspicious financial transactions, in other words the prevention of money laundering.Launderers constantly find new ways, make use of new non-financial channels and expand their activities to real estate, artworks and insurance. Hence it is necessary to keep up with European approaches and recommendations, to strive for further improvement of the laws and the modernisation of the system, and to adopt new regulations harmonised with international standards, particularly with Directive 2005/60/EC.

  9. The Economics of Crime and Money Laundering: Does Anti-Money Laundering Policy Reduce Crime?

    NARCIS (Netherlands)

    Ferwerda, J.

    2008-01-01

    Anti-money laundering policy has become a major issue in the Western world, especially in the United States after 9-11. Basically all countries in the world are more or less forced to cooperate in the global fight against money laundering. In this paper, the criminalization of money laundering is

  10. 7 CFR 3560.462 - Money laundering.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 15 2010-01-01 2010-01-01 false Money laundering. 3560.462 Section 3560.462 Agriculture Regulations of the Department of Agriculture (Continued) RURAL HOUSING SERVICE, DEPARTMENT OF... Other Actions § 3560.462 Money laundering. The Agency will act in accordance with U.S. Code Title 18...

  11. Case Studies on Globalization and Money Laundering

    OpenAIRE

    Eckhard Freyer

    2008-01-01

    Financial globalization has greatly improved the efficiency of capital transfers around the world, with the cost of facilitating criminal money laundering activities. Based on case studies on conditions for money laundering in the process of globalization and transformation in Europe, are discussed the challenges that a “global financial village” must confront.

  12. MONEY LAUNDERING OR LAUNDERING OF THE PROCEEDS OF CRIME?

    Directory of Open Access Journals (Sweden)

    ANA ALINA DUMITRACHE

    2011-04-01

    Full Text Available This paper aims to analyses which of the phrases money laundering or laundering the proceeds of crime is more appropriate to describe the crime provided by art. 23 of Law no. 656/2002 on prevention and sanctioning money laundering, as well as for setting up some measures for prevention and combating terrorism financing. In this respect, the article includes a survey of the important international documents in this matters ratified by Romania - United Nations Vienna Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances (the Vienna Convention, the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds of Crime, The United Nations Convention against Transnational Organized Crime,Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism. To remove any ambiguities arising from the approach of the money laundering concept and to reach a conclusion, there are also presented the controversial views regarding the use of the expression money laundering in both Title and content of Law, views expressed in specialized literature.

  13. Sport without game: Money laundering

    Directory of Open Access Journals (Sweden)

    Fijat Ljiljana M.

    2014-01-01

    Full Text Available Sport is firmly connected to politics in the whole world, the Republic of Serbia being no exception. Pronounced motives of profit in sport led to the appearance of new problems, like money laundering and business and moral unreliability of the participants. Some of anomalies are connected with politically exposed persons (PEP. Offering services within the banking industry, especially considering the private banking, entails a higher degree of discretion and confidentiality in comparison with the ordinary clients. Misuse of these business relationships by PEP has been identified. This paper surveys the statistically significant differences between domestic banks and the domestic banks with the foreign capital in relation to the groups of procedures concerning PEP based on the Recommendation 6 of the Financial Action Task Force on Money Laundering - FATF. Although the domestic banks with the foreign capital were obliged to apply the procedures related to the FATF's Recommendations to the same extent as the Main Office, significant differences between domestic and foreign banks were not found, in terms of Recommendation 6. Inadequacy of regulations and lack of enforcement procedures jeopardize the program of reforms, threatening, the privatisation in sports.

  14. 77 FR 16319 - Proposed Renewal; Comment Request; Anti-Money Laundering Programs for Various Financial Institutions

    Science.gov (United States)

    2012-03-20

    ... Financial Crimes Enforcement Network Proposed Renewal; Comment Request; Anti-Money Laundering Programs for... develop and implement written anti-money laundering programs reasonably designed to prevent those financial institutions from being used to facilitate money laundering and the financing of terrorist...

  15. GENERAL CONSIDERATIONS ON MONEY LAUNDERING

    Directory of Open Access Journals (Sweden)

    Elena EVA

    2015-04-01

    Full Text Available Lawyers are not immune to committing offences and the provisions of criminal law apply to them accordingly. The criminal liability of lawyers represents a natural aspect in the rule of law. Lawyers involved as defendants in criminal cases do not benefit from any special status or privileges compared to other defendants. In the international context of the fight against money laundering, the community law has submitted the profession of lawyer to two obligations concerning vigilance and denouncement. The assimilation of lawyer’s profession to financial or non-regulated professions entails the deformation of rules and principles specific to lawyers, as well as discussing the bases of any democratic society: the professional secrecy of lawyers and their independence.

  16. Is money laundering a true problem in China?

    Science.gov (United States)

    Ping, He

    2006-02-01

    Money laundering was stipulated as an offense by Chinese criminal law more than 10 years ago. However, the judicial situation is such that no one has yet been prosecuted for it. This article describes the phenomena that are closely related to money laundering, namely the current situation of the predicate offences and other factors conducive to money laundering such as corruption, underground bank shops, and shell companies. Based on these facts, the article infers that money laundering is a real problem in China. Then it explores the reasons why case examples of money laundering are not available. Finally, this article presents some of the factors necessary in the investigation of money laundering.

  17. MONEY LAUNDERING AS ECONOMIC DIMENSION OF TERRORISM

    Directory of Open Access Journals (Sweden)

    Jelena Dinić

    2016-01-01

    Full Text Available This paper presentsan economic dimensionof terrorism through analysis of terrorist organizations needs for funding, modules of financing terrorism and links to money laundering. Financial resourcesare one of the most important conditions for maintaining infrastructure of terrorist organizations and carrying out terrorist activities. Assets acquired through legal and illegal channels members of the terrorist organization carry out through financial system by using techniques ofmoney laundering in order to conceal the trace of money needed for organizing terrorist attacks. Due to the global nature of the problem of money laundering and terrorist financing, preventive mechanisms include cooperation of financial intelligence agencies and international organizations as well as strengthening of national institutions that are dealing with this problem. Numerous recently adopted guidelines, conventions and recommendations (within the EU, OUN, FATF draw attention for detection terrorist activities in the preparatory phase, such as travel of terrorists, financing logistical support for their activities and weapons (explosives supply required for carrying out terrorist attacks.

  18. Money Laundering Detection Framework to Link the Disparate and Evolving Schemes

    Directory of Open Access Journals (Sweden)

    Murad Mehmet

    2013-09-01

    Full Text Available Money launderers hide traces of their transactions with the involvement of entities that participate in sophisticated schemes. Money laundering detection requires unraveling concealed connections among multiple but seemingly unrelated human money laundering networks, ties among actors of those schemes, and amounts of funds transferred among those entities. The link among small networks, either financial or social, is the primary factor that facilitates money laundering. Hence, the analysis of relations among money laundering networks is required to present the full structure of complex schemes. We propose a framework that uses sequence matching, case-based analysis, social network analysis, and complex event processing to detect money laundering. Our framework captures an ongoing single scheme as an event, and associations among such ongoing sequence of events to capture complex relationships among evolving money laundering schemes. The framework can detect associated multiple money laundering networks even in the absence of some evidence. We validated the accuracy of detecting evolving money laundering schemes using a multi-phases test methodology. Our test used data generated from real-life cases, and extrapolated to generate more data from real-life schemes generator that we implemented.

  19. Gravity Models of Trade-Based Money Laundering

    NARCIS (Netherlands)

    Ferwerda, Joras; Kattenberg, Marc; Chang, Han-Hsin; Unger, Brigitte; Groot, Loek; Bikker, Jaap

    Several attempts have been made in the economics literature to measure money laundering. However, the adequacy of these models is difficult to assess, as money laundering takes place secretly and, hence, goes unobserved. An exception is trade-based money laundering (TBML), a special form of trade

  20. Gravity Models of Trade-based Money Laundering

    NARCIS (Netherlands)

    Ferwerda, J.; Kattenberg, M.A.C.; Chang, H.-S.; Unger, B.; Groot, L.F.M.; Bikker, J.A.

    2011-01-01

    Several attempts have been made in the economics literature to measure money laundering. However, the adequacy of these models is difficult to assess, as money laundering takes place secretly and, hence, goes unobserved. An exception is tradebased money laundering (TBML), a special form of trade

  1. The Multidisciplinary Economics of Money Laundering

    NARCIS (Netherlands)

    Ferwerda, J.

    2012-01-01

    Money laundering has been studied for many years, but mainly by lawyers and criminologists. This dissertation presents a number of ways on how an economist – mainly in a multidisciplinary fashion – can contribute to this field of research. This dissertation answers four important questions about

  2. NEW TRENDS AND PERSPECTIVES IN THE MONEY LAUNDERING PROCESS

    Directory of Open Access Journals (Sweden)

    ANA ALINA DUMITRACHE

    2011-04-01

    Full Text Available Due to its complexity, the crime of money laundering can be committed through a variety of methods which are in a constantly evolving. It seems that money launderers are always one step ahead of authorities. They find new and various ways to launder the proceeds of crime despite the efforts of the law enforcement authorities to develop the best tools to stop or at least to make difficult the criminal activity of money laundering. This study aims to analyze the latest money laundering typologies approaching online payment systems, virtual casinos, electronic auctions and Internet gambling.

  3. 31 CFR 103.135 - Anti-money laundering programs for operators of credit card systems.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for...-Money Laundering Programs Anti-Money Laundering Programs § 103.135 Anti-money laundering programs for.... Virgin Islands. (b) Anti-money laundering program requirement. Effective July 24, 2002, each operator of...

  4. Kemungkinan Money Laundering Dalam Pemilihan Kepala Daerah

    OpenAIRE

    amrullah, arief

    2005-01-01

    One of the prominent activities oforganized crime is to obtain profit that is obtained from Ulicit trafficking indnjgs, convption (foiinstance), orother proceds thatderived or obtained, directly or inderectly, through the commission ofan offence are entered into global financial system, so as if they become the proceed of the crime obtained from legal bussiness.Therefore, the effort to fight against money laundering is a dynamic process, and the organized criminals always seek thenewmethod to...

  5. Legal determination of money laundering in a comprehensive approach

    Directory of Open Access Journals (Sweden)

    Naim Mëçalla

    2015-07-01

    Full Text Available This article analyzes the legal determinants of Money laundering referring to international legal acts and the national legislation of selected countries. The proper legal terminology of money laundering is hiding the true nature of the source, location, transferring of the real rights of ownership, having the knowledge that such “wealth” derives from a criminal activity. Money laundering is the process that makes “dirty money” appear legitimate, a criminal activity that encompasses the efforts to hide or camouflage criminal profit. Analyzing the legal dispositions attributable to money laundering, there are no substantial differentiations about this phenomenon. However, different countries do not have a consistent approach regarding Money laundering deriving from all sorts of criminal activity. Some countries criminalize every activity aiming at legitimizing criminal income; other countries have penal responsibility in the cases when money laundering is linked only to legalizing income from certain criminal acts.

  6. MONEY LAUNDERING – THE CONSEQUENCE OF THE FINANCIAL GLOBALIZATION

    OpenAIRE

    Carmen Boghean

    2007-01-01

    Money laundering is a method of disguising the origin of unlawfully obtained capital; accordingly, the initial definition was phenomenological: “Money laundering is the process by which one conceals the existence of an illegal source, or illegal application of income, and disguises that income to make it appear legitimate”. As an organized form of financial management money laundering is not new. In Palermo back in 1957 the Mafia bosses Luciano, Sindona and Lansky agreed on transport routes f...

  7. 31 CFR 103.170 - Exempted anti-money laundering programs for certain financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Exempted anti-money laundering... TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.170 Exempted anti-money... establishment of anti-money laundering programs: (1) An agency of the United States Government, or of a State or...

  8. Anti-Money Laundering Efforts - Failures, Fixes and the Future

    NARCIS (Netherlands)

    Deleanu, I.S.|info:eu-repo/dai/nl/383808286

    2015-01-01

    In this PhD thesis I address important topics in the debate on and the organisation of the Anti-Money Laundering efforts, which are related to the legitimacy and the effectiveness of the Anti-Money Laundering policies. First of all, this thesis provides a reflection on the assessments of concern

  9. MONEY LAUNDERING: RING AROUND THE WHITE COLLAR

    Directory of Open Access Journals (Sweden)

    Jacob RUB

    2015-11-01

    Full Text Available In mine study I will deal with money laundering as a leading factor in white-collar criminality. The purpose of the present study and the guiding line in this article is to legislative upgrade of white-collar criminality fighting that might be of great importance as we intend to plan the policy of reduction of money Laundering criminality in Israel and Moldova. In order to deal with mine research subject I will express the lookout which I have conducted over a period three years and have included public sector tenders, with the CFE (Collection for the Environment Recycling Corporation in Israel. It has been found white-collar criminals are usually conventional people who deal with rises or opportunity that leads them to transgress the border temporarily and perpetrate a crime, and it is likely that they would be affected strongly by the punishment process. Therefore the outcome of the study is to produce the necessary steps to reduce the phenomenon of money Laundering crime in Israel and the Republic of Moldova. In order to obtain this purposes and the author has performed some new steps to upgrade and supplement the Law with subjects as: Punishment Origin offences Entities obligated to report, Expanding of the duties of Money Laundering Prohibition Authority as a regulator and with authority to assign fines, etc. Those practical frameworks are necessary steps to reduce the phenomenon of Money Laundering in Israel and the Republic of Moldova by constitutional - legal standpoints.SPĂLAREA BANILOR CA INFRACŢIUNE A GULERELOR ALBEÎn studiul efectuat se demonstrează că spălarea de bani constituie factorul principal al criminalităţii gulerelor albe. Scopul propus în acest articol este de a realiza o analiză complexă a propunerilor legislative îndreptate spre lupta cu cri-minalitatea gulerelor albe şi de a propune noi politici menite să reducă criminalitatea gulerelor albe atât în Republica Moldova, cât şi în Israel. Întru a

  10. Efforts of Controlling Money Laundering of Narcotics Money in Saudi Arabia

    Directory of Open Access Journals (Sweden)

    Khaled A. ALASMARI

    2014-06-01

    Full Text Available Money laundering is a silent crime. Its goal is to cover up the source of large sums of money that criminals often gather from their criminal activities. This paper will analyze the situation of money laundering in narcotics as it applies in Saudi Arabia. To achieve this end, the paper will first define important terms such as money laundering and narcotics. It will then explain the relationship between money laundering, narcotics trade, and terrorism activities. This background information will form the base for analyzing the various efforts that the Saudi Arabia nation has in place for countering money laundering in narcotics trade. The paper will then explain the challenges facing these efforts, and the future of money laundering in Saudi Arabia. The largest criminal activity associated with money laundering is terrorism financing. The several terror attacks associated with Saudi Arabia’s terror groups like Al-Qaida have made the government realize the importance of curbing money laundering in an effort to counter terrorism. Thus, anti-money laundering strategies are set in place to address all the avenues of money laundering.

  11. Money laundering - form in expansion of economic and financial infractionality

    OpenAIRE

    Nanes, Ovidiu

    2009-01-01

    The term money laundering comes from the alcohol prohibition in the U.S. when, in the 1920s, acquaintances groups Mafia leaders in Chicago, in particular, have opened public laundries, and to hide and blend funds with money from legitimate trade alcohol and other criminal activities. Although the term money laundering occurred in the twentieth century, the phenomenon has existed many centuries before: in some antique dealers hiding their wealth from more or less honest, investing them in othe...

  12. MONEY LAUNDERING TECHNIQUES COMMONLY USED. GENERAL APPROACHES

    Directory of Open Access Journals (Sweden)

    CONSTANTIN NEDELCU

    2011-04-01

    Full Text Available Upward trend of criminality in Romania is the result both of the impact of serious social and economic problems typical of the period of transition to a market economy, and misunderstanding of freedoms by a lot of people interested in reaping benefits by evasion, doubled by the tendency of subjects infringing the law to set up illegal contacts in other countries, particularly among immigrant groups and even within some structures of “organized crime”. The provisional state that existed in all sectors of socio-political and economic life, including in respect of public order observance, facilitated expansion of criminal phenomenon, particularly in the area of violent crimes and against public and private property, inappropriate settlement of each and any social tension and conflict created precedents that led to escalating protest demonstrations and personal or collective justice. In the study hereby, we shall approach a number of money laundering techniques commonly used, limiting ourselves to their general overview, exclusively.

  13. Having the Blues : Money Laundering in Professional Football

    NARCIS (Netherlands)

    Nelen, Hans; Nelen, Hans; Siegel, Dina

    2017-01-01

    The central theme of this contribution is money laundering in professional football. First, it is clarified why the professional football sector is so appealing to persons and organisations for laundering their criminally acquired assets. Then it is examined how these risks have materialised in

  14. Gatekeepers’ Roles as a Fundamental Key in Money Laundering

    Directory of Open Access Journals (Sweden)

    Paku Utama

    2016-08-01

    Full Text Available This study examines problem of money laundering and identifies role of gatekeepers in utilising their expertise to conceal the proceeds of crime. In order to successfully prevent and investigate money laundering, we need to understand the development of anti-money laundering regime and how country like Indonesia adopts this development into its domestic regulations. Nevertheless, it is crucial to comprehend gatekeepers utilising various money laundering mechanisms and offshore financial centres. Scrutinised cases from Indonesia and corporate practices from Singapore on this study highlight how gatekeepers operate in the private sector, wittingly or unwittingly, use their expert knowledge of the international financial system to facilitate criminals and to secure the movement of the proceeds of crime globally. 

  15. Forensic Accounting Profession and Prevention of Money Laundering

    Directory of Open Access Journals (Sweden)

    Murat KASAP

    2013-06-01

    Full Text Available In today’s world, globalization and the increased use of information technology have resulted to the significant increases of economic crimes in recent years. Accordingly, financial crimes, such as money laundering misconducts have increased significantly. The police play active roles in the fight against money laundering and related crimes in Turkey. However, professional support is essential in order to effectively combat money laundering. In other words, not only a good level of economics, finance, accounting knowledge is critical; but also, a decent level of law information is crucial in the detection and prevention of these crimes. Increasing the effectiveness of forensic accounting profession, especially in the USA, has an important role in the prevention and detection of money laundering. Since forensic accountants have skills and capacities of litigation support, investigative accounting and expertise.

  16. Information Technologies for the Control of Money Laundering

    National Research Council Canada - National Science Library

    1995-01-01

    .... It is estimated that $300 billion of dirty money may be laundered each year, its origin and ownership obscured as it passes through financial institutions and across national boundaries in an effort to hide and protect...

  17. MONEY LAUNDERING AS A TYPE OF ORGANIZED CRIME

    Directory of Open Access Journals (Sweden)

    Stevan Aleksoski

    2015-07-01

    Full Text Available Laundry wash is a new form of crime that endangers stability, transparency and efficiency of financial systems, the developed countries and developing countries. One of the most widespread and simplest understanding, and according to some authors and simplest definition of the term money laundering is the conversion of "black money in green." The most comprehensive definition of the term money laundering would be the definition accepted by the G-7 and the FATF, as supplemented by the element of avoiding legal consequences. According to this definition the process of money laundering is: - "The process by which the gains for which it is believed to originate from criminal activity are transported, transferred, converted or incorporated into legal funds in order to conceal their origin, source, movement or ownership. The purpose of the process of money laundering through illegal activities to enable these funds to appear as legitimate, and persons involved in criminal activity to escape the legal consequences of such action. " Given that money laundering is an international problem, the national regulations of almost all countries contain provisions that prohibit and penalize any kind of organized crime aimed at acquiring illegal material benefit. The money acquired illegally, criminals need to legalize or black money to resort to legal financial flows in order to conceal their origin, source, movement or ownership.

  18. 31 CFR 103.125 - Anti-money laundering programs for money services businesses.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for money services businesses. 103.125 Section 103.125 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money...

  19. The Development of Anti-Money Laundering Regime: Challenging issues to sovereignty, jurisdiction, law enforcement, and their implications on the effectiveness in countering money laundering

    NARCIS (Netherlands)

    H. Amrani (Hanafi)

    2012-01-01

    textabstractThere is a relationship between money laundering and anti-money laundering regime (hereinafter referred to as ‘AML-regime’). On the one hand, money laundering has significantly increased following the development of technology that offers complicated, sophisticated, and professional

  20. Anti-money laundering regulations and the effective use of mobile ...

    African Journals Online (AJOL)

    money laundering preventative measures by means of the Financial Intelligence ... laundering controls which are specifically applicable to mobile money, including controls regarding money or value transfer services and new technologies.

  1. Money Laundering. Aspects of Legal and Criminal Issues

    Directory of Open Access Journals (Sweden)

    Alina DUMITRACHE

    2011-11-01

    Full Text Available This study aims at analyzing objectively various techniques and methods of money laundering, both in classical and modern ways, by presenting case studies from the legal practice in Romania, in an attempt to clarify a number of issues related to the complexity of this crime, current and future tendencies of financial criminals for laundering proceeds of crime. Also, according to the analysis of comparative law performed in the last chapter, we highlighted a number of similarities and differences between the Romanian legislation and the legislative laws of other states, surprising the forms and effects of money laundering on the studied national systems as well as highlighting the measures for preventing and fighting against these crimes adopted by the analyzed legal systems. The comparative approach of the criminal and legal framework of preventing and combating money laundering is essential for the Romanian legal system efficiency in this matter.

  2. 31 CFR 103.120 - Anti-money laundering program requirements for financial institutions regulated by a Federal...

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering program... Laundering Programs Anti-Money Laundering Programs § 103.120 Anti-money laundering program requirements for... anti-money laundering program that complies with the requirements of §§ 103.176 and 103.178 and the...

  3. How do you do money laundering through Bitcoin?

    OpenAIRE

    Ruíz Cabrera, Sara

    2016-01-01

    Treball de Final de Grau en Finances i Compatbilitat. Codi: FC1049. Cursacadèmic: 2015-2016 In recent years there has been an increase in money laundering due, in part, to new digital resources like the bitcoin. The bitcoin is a decentralized electronic coin created in 2008. It is considered the most used method on line to launder money. This is because there is not a central server doing the transactions per-to-peer, and these are anonymous. It is important to note that the issue of bitco...

  4. Money laundering and the shadow economy in Kazakhstan

    OpenAIRE

    Niyatullayev, Nurlan; Almond, Paul

    2014-01-01

    Purpose\\ud The purpose of this paper is to assess and highlight the approach taken towards the legal control of illicit money laundering taken in the Republic of Kazakhstan, in particular, the role played by an amnesty on the legalisation of illicit funds. This is particularly important as a basis for a wider discussion about the proper limits of the “criminalising” approaches commonly taken in anti-money laundering regulations.\\ud \\ud Design/methodology/approach\\ud The discussion and evaluat...

  5. Online public response to Dutch news about money laundering

    NARCIS (Netherlands)

    Veul, Romy; van Charldorp, T.C.|info:eu-repo/dai/nl/298815532; Soudijn, Melvin

    2016-01-01

    In this paper we analyze how Dutch Public Prosecution’s press releases about money laundering and underground banking are received by producers and consumers of online news reports. First we take a closer look at how journalists (re)framed six official press releases in 75 news reports. It turns out

  6. Regulating Money Laundering and Tax Havens: The Role of Blacklisting

    NARCIS (Netherlands)

    Unger, B.; Ferwerda, J.

    Since ten years, and more so, since September 11, 2001, international organizations such as the IMF, OECD and EU try to combat harmful tax competition, money laundering and terrorist financing. Blacklisting, the naming and shaming of uncooperative countries, was one of the strategies used from the

  7. 31 CFR 103.130 - Anti-money laundering programs for mutual funds.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for mutual funds. 103.130 Section 103.130 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering...

  8. 31 CFR 103.137 - Anti-money laundering programs for insurance companies.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for insurance companies. 103.137 Section 103.137 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering...

  9. Combining Benford's Law and machine learning to detect money laundering. An actual Spanish court case.

    Science.gov (United States)

    Badal-Valero, Elena; Alvarez-Jareño, José A; Pavía, Jose M

    2018-01-01

    This paper is based on the analysis of the database of operations from a macro-case on money laundering orchestrated between a core company and a group of its suppliers, 26 of which had already been identified by the police as fraudulent companies. In the face of a well-founded suspicion that more companies have perpetrated criminal acts and in order to make better use of what are very limited police resources, we aim to construct a tool to detect money laundering criminals. We combine Benford's Law and machine learning algorithms (logistic regression, decision trees, neural networks, and random forests) to find patterns of money laundering criminals in the context of a real Spanish court case. After mapping each supplier's set of accounting data into a 21-dimensional space using Benford's Law and applying machine learning algorithms, additional companies that could merit further scrutiny are flagged up. A new tool to detect money laundering criminals is proposed in this paper. The tool is tested in the context of a real case. Copyright © 2017 Elsevier B.V. All rights reserved.

  10. Legal and factual approaches to solving money laundering

    OpenAIRE

    Mueller, Carsten V.

    2007-01-01

    The present work deals with the basic idea of investigation against unfairly acquired wealth. It represents the view of the police in financial investigation and money laundering. The view of dark financial investment is enormous. The potential for capital recovery is immense. The observation and control of capital flow in part and full organized crime requires qualified resources, but is regularly self-financing. In addition to the previous introduction, especially legal process routes, beco...

  11. Eviditiary activity in the felony of money laundering

    Directory of Open Access Journals (Sweden)

    Paulo César Ospitia Rozo

    2017-07-01

    Full Text Available This research develops the problem of the lack of evidence in order to source accreditation crime that configures the crime of money laundering. Here the evidence suggests that dynamism is a condition of legitimacy, operating as supreme guarantee of the judicial conviction. The judicial determination that proves to be true the occurrence of a penal type criminal act without the suitable exercise of evidential activity, constitutes a clear violation of fundamental principles and guarantees of criminal proceedings.

  12. Synthesis of the PhD thesis "Anti-money laundering and counter terrorism financing management"

    Directory of Open Access Journals (Sweden)

    Camelia Popa

    2013-03-01

    Full Text Available As a whole, this PhD thesis follows three research lines, namely: (1 the conceptual line - concerns the definition of the money laundering and terrorism financing phenomenon, the processes, mechanisms, stages and instruments of the laundering of illegally obtained fund; (2 the estimative line aimed at measuring the size of money laundering phenomenon, the economic, social and security effects and consequences; (3 the line of an awareness of the need to prevent and fight against the effects arising from money laundering processes, the national and international efforts taken until present nation- and worldwide and the future measures required to diminish the consequences of this scourge.

  13. Dancing with the devil : Country size and the incentive to tolerate money laundering

    NARCIS (Netherlands)

    Gnutzmann, Hinnerk; McCarthy, Killian J.; Unger, Brigitte

    The incidence of money laundering, and the zeal with which international anti-money laundering (AML) policy is pursued, varies significantly from country to country, region to region. There are, however, quite substantial social costs associated with a policy of toleration, and this begs the

  14. Dancing with the Devil: A Study of Country Size and the Incentive to Tolerate Money Laundering

    NARCIS (Netherlands)

    Gnutzmann, H.; Mccarthy, K.; Unger, B.

    The incidence of money laundering, and the zeal with which international anti-money laundering (AML) policy is pursued, varies significantly from country to country, region to region. There are, however, quite substantial social costs associated with a policy of toleration, and this begs the

  15. Preventing money laundering: A legal study on the effectiveness of supervision in the European Union

    NARCIS (Netherlands)

    Broek, M. van den

    2015-01-01

    The process of concealing illegally obtained proceeds, better known as money laundering, is criminalised virtually all around the world and has been a law enforcement priority since the early 1990s. The international nature of money laundering, combined with estimations on the scope and the

  16. Bitcoin as cash in terms of the european anti-money laundering directive

    NARCIS (Netherlands)

    Kaiser, Carolin

    2016-01-01

    The European Anti-Money Laundering Directive 2015/849 sets out detailed rules for the prevention of money laundering and terrorist financing. It presents a clear framework for financial institutions, covering both cash and electronic payments systems. However, the directive fails to regulate digital

  17. Money laundering: correlation between risk assessment and suspicious transactions

    Directory of Open Access Journals (Sweden)

    Sonja Cindori

    2013-06-01

    Full Text Available The risk assessment system was introduced in the Republic of Croatia in 2009, as a result of harmonization with international standards, especially the Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. Risk assessment is an extensive concept which requires not only a legislative framework, but also the application of numerous criteria for its effective implementation in practice. Among these criteria are suspicious transactions, closely related to the assessment of the customer, transaction, product or service.The undeniable contribution of suspicious transactions to the quality of the risk assessment system will be confirmed by a statistical analysis of a number of West and East European countries. A combination of strict, but sufficiently flexible legal provisions governing the system for prevention of money laundering and terrorist financing and a statistical analysis of reported suspicious transactions will lead to conclusions that either support or represent criticism of the efficiency of application of the risk assessment system in practice.The aforementioned statistical analysis will show whether suspicious transactions are a reliable criterion for the risk assessment analysis, and whether they can be considered the only such criterion. There is a possibility that the findings of the analysis will be contradictory to those of some international studies.

  18. The Relationship between Economic Growth and Money Laundering – a Linear Regression Model

    Directory of Open Access Journals (Sweden)

    Daniel Rece

    2009-09-01

    Full Text Available This study provides an overview of the relationship between economic growth and money laundering modeled by a least squares function. The report analyzes statistically data collected from USA, Russia, Romania and other eleven European countries, rendering a linear regression model. The study illustrates that 23.7% of the total variance in the regressand (level of money laundering is “explained” by the linear regression model. In our opinion, this model will provide critical auxiliary judgment and decision support for anti-money laundering service systems.

  19. The Function of Bank Negara Malaysia in Combating Money Laundering on International Basis

    OpenAIRE

    Shahrudin, Eskandar Shah

    2013-01-01

    Money laundering issues started to receive much attention after the tragic event of 11th September 2011. Developing countries such as Malaysia was identified by Pentagon as one of the countries where illegal funds travelled into the country in order to become legitimate. This had sent a strong signal to the Malaysian government that the country’s financial system is vulnerable to such money laundering activities. As a result Bank Negara Malaysia as the central bank of the country, had been as...

  20. Anti-Money Laundering Regulations And The Effective Use Of Mobile Money In South Africa – Part 2

    Directory of Open Access Journals (Sweden)

    Marike Kersop

    2015-12-01

    Full Text Available Mobile financial services, specifically mobile money, has the potential to expand access to financial services to millions of unbanked people in South Africa. As such, it looks very promising in terms of financial inclusion. However, concerns exist that mobile money can be detrimental to financial integrity since there are several proven risk factors linked to mobile financial services. These risk factors make mobile money very susceptible to money laundering. The potential for abuse and the need for appropriate controls is therefore something which cannot be ignored. While the South African legislator has made provision for comprehensive anti-money laundering preventative measures by means of the Financial Intelligence Centre Act 38 of 2001, there exists no South African legislation explicitly concerned with mobile money. It is therefore difficult to determine what the regulatory stance is in terms of mobile money in South Africa. The Financial Action Task Force (FATF is, however, currently focusing attention on the effect which mobile money may have on financial integrity. The latest FATF Recommendations make provision for several anti-money laundering controls which are specifically applicable to mobile money, including controls regarding money or value transfer services and new technologies. While it is always difficult to balance financial integrity and financial inclusion, the risk-based approach makes it possible for governments to implement effective anti-money laundering measures, thereby preserving financial integrity, without the need to compromise on financial inclusion objectives. The fact that South Africa has not fully adopted a risk-based approach is a problem which needs to be addressed if mobile money is to deliver on its promises for financial inclusion, without being detrimental to financial integrity

  1. Karapara Aklama Aracı Olarak Yeni Bir Mali Suç: Siber-Aklama(New Financial Crime As A Black Money Laundering Tool: Cyber-Laundering

    Directory of Open Access Journals (Sweden)

    Mustafa MİYNAT

    2013-01-01

    Full Text Available Today, banks and other financial institutions are one of at the most institutions which are using as an intermediary on black money laundering. Developments in technology have increased some risk factors for financial institutions too. One of these risks is online crime is becoming a more frequent encounters for banks and financial institutions while they are busy with operational processes.The purpose of this study is to identify the points that banks have to prevent the crime of money laundering which results from the misuse of information technologies. Further it was tried to explore the effects of cyber crime and money laundering together.

  2. Procedural Anathema: The Criminal Prosecution of Money Laundering as a Denial of the Right of Defense

    Directory of Open Access Journals (Sweden)

    Antonio Eduardo Ramires Santoro

    2016-10-01

    Full Text Available The idea of independence between money laundering and the original offense, became common the practice of prosecutors use of the evidence submitted by the defense to support criminal proceedings for laundering. The question is: would it not be a denial of the right of defense, since it requires the magistrate to accept the the criminal prosecution to anticipate an evaluative judgment on the evidence before the systematically appropriate procedural time? Therefore we conducted a literature qualitative research.

  3. Designing Supervision under the Preventive Anti-Money Laundering Policy in the European Union

    Directory of Open Access Journals (Sweden)

    Melissa van den Broek

    2014-12-01

    Full Text Available Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing is currently one of the main instruments which regulates efforts to combat money laundering (and terrorist financing in the European Union. Respecting national procedural autonomy, this directive leaves a high degree of freedom for the Member States in designing their own supervisory architectures under the preventive anti-money laundering policy. This contribution adopts a systematic approach to the institutional differences between the EU Member States and presents four models of supervision that are currently present in the European Union. It explains the main characteristics of these models, categorises the EU Member States accordingly and analyses the potential strengths and weaknesses of each model, thereby providing a first indication of their effectiveness.

  4. The risk-based approach to anti-money laundering: problems and solutions

    DEFF Research Database (Denmark)

    Simonova, Anna

    2011-01-01

    Purpose – The purpose of this paper, which is a part of a PhD thesis, is to detect problems associated with the risk-based approach to anti-money laundering (AML), as well as present ways to improve the risk-based approach. Design/methodology/approach – The method is law and economics. The Ph......D thesis itself is also based on a comparative analysis of the Danish and British AML regimes. Findings – The main findings are: failure to develop adequate risk-based AML systems, taking into account varying levels of money laundering risk, is not only to be considered in the context of legal risk...... but also and more importantly in the context of integrity risk; anti-money laundering (AML) has to be made part of financial and non-financial institutions' corporate social responsibility policies; the Risk Analysis Manual provided by the Central Bank of The Netherlands lists very specific...

  5. Criminal Liability of the Compliance Officer Due to Improper Omission in Money Laundering Crimes

    Directory of Open Access Journals (Sweden)

    Ricardo do Espírito Santo Cardoso

    2017-02-01

    Full Text Available The work analyzes the criminal liability of the compliance officer in the fulfillment of integrity programs developed with the objective of preventing the offenses of money laundering. From the standpoint of criminal dogmatics, in offenses committed due to improper omission in the context of the complexity of the business structures, the role of guarantor of the compliance officer derived from the administrators of the company is demonstrated, in the cases in which they concretely have control over the risk-producing sources, with its specificities in the criminal imputation of money laundering in face of an omission in their duties of guarantor.

  6. Money laundering regulatory risk evaluation using Bitmap Index-based Decision Tree

    OpenAIRE

    Jayasree, Vikas; R.V. Siva Balan

    2017-01-01

    This paper proposes to evaluate the adaptability risk in money laundering using Bitmap Index-based Decision Tree (BIDT) technique. Initially, the Bitmap Index-based Decision Tree learning is used to induce the knowledge tree which helps to determine a company’s money laundering risk and improve scalability. A bitmap index in BIDT is used to effectively access large banking databases. In a BIDT bitmap index, account in a table is numbered in sequence with each key value, account number and a b...

  7. Money laundering regulatory risk evaluation using Bitmap Index-based Decision Tree

    Directory of Open Access Journals (Sweden)

    Vikas Jayasree

    2017-06-01

    Full Text Available This paper proposes to evaluate the adaptability risk in money laundering using Bitmap Index-based Decision Tree (BIDT technique. Initially, the Bitmap Index-based Decision Tree learning is used to induce the knowledge tree which helps to determine a company’s money laundering risk and improve scalability. A bitmap index in BIDT is used to effectively access large banking databases. In a BIDT bitmap index, account in a table is numbered in sequence with each key value, account number and a bitmap (array of bytes used instead of a list of row ids. Subsequently, BIDT algorithm uses the “select” query performance to apply count and bit-wise logical operations on AND. Query result coincides exactly to build a decision tree and more precisely to evaluate the adaptability risk in the money laundering operation. For the root node, the main account of the decision tree, the population frequencies are obtained by simply counting the total number of “1” in the bitmaps constructed on the attribute to predict money laundering and evaluate the risk factor rate. The experiment is conducted on factors such as regulatory risk rate, false positive rate, and risk identification time.

  8. Money Laundering in China: Why PACOM Should Place High Priority on this Issue

    Science.gov (United States)

    2012-10-06

    guidance while opening up new engagement opportunities. 15. SUBJECT TERMS PACOM, Money Laundering, China 16. SECURITY CLASSIFICATION OF: 17...involved in organized crime as a major concern. It also states, Filipino authorities are troubled by the importation of amphetamines into their country...two regions includes human trafficking through Latin America to North America as well as trafficking in narcotics, precursor chemicals and

  9. The Impact of Corruption and Money Laundering on Foreign Direct Investment in ASEAN

    OpenAIRE

    Nugraha, I Wayan Yasa

    2013-01-01

    The purpose of this study is to examine the impact of corruption and money laundering on Foreign Direct Investment (FDI) inflow in ASEAN by using panel data which covers ten years observation (2000€“2009) and five cross sections of selected countries i.e. Indonesia, Malaysia, Singapore, Thailand, and Philippines. The model is estimated using ordinary least square method with fixed effect estimation. The result shows that there is a significant positive association between the establishment of...

  10. Improving the prevention of money laundering in the United Kingdom - a situational crime prevention approach

    OpenAIRE

    Gilmour, Nicholas

    2013-01-01

    The aim of this research study was to build upon the continuing interest around the applicability of situational crime prevention to tackle many forms of crime, including organised crimes. Using money laundering as the specific crime type, this study focused on two specific methods, namely cash intensive businesses and the purchasing of high value portable commodities to determine whether situational crime prevention could improve or enhance current preventative measures within the United Kin...

  11. The Impact of Corruption and Money Laundering on Foreign Direct Investment in ASEAN

    OpenAIRE

    I Wayan Yasa Nugraha

    2013-01-01

    The purpose of this study is to examine the impact of corruption and money laundering on Foreign Direct Investment (FDI) inflow in ASEAN by using panel data which covers ten years observation (2000–2009) and five cross sections of selected countries i.e. Indonesia, Malaysia, Singapore, Thailand, and Philippines. The model is estimated using ordinary least square method with fixed effect estimation. The result shows that there is a significant positive association between the establishment of ...

  12. Kewenangan Badan Pengawas Pasar Modal (BAPEPAM-LK) Dalam Penanganan Money Laundering Di Pasar Modal

    OpenAIRE

    A.S., M. Adenan

    2011-01-01

    Capital markets have a strategic role as one of the sources of business financing and investment vehicle for the community. The development of information and technology enables the capital market as a potential venue for the crime, the crime is a money laundering in the stock market. Capital Market Supervisory Agency called BAPEPAM-LK has the task to develop, manage, and supervise all activities in the capital market conduct examination and investigation of criminal violations of the capital...

  13. THE CRIMINAL OFFENCE OF MONEY LAUNDERING – A SERIES OF THEORETICAL AND PRACTICAL CONSIDERATIONS

    Directory of Open Access Journals (Sweden)

    Constantin NEDELCU

    2016-05-01

    Full Text Available The paper at hand addresses the extremely complex and sensitive matter relating to one of the most controversial offences in the criminal laws of Romania – in particular, the criminal offence of money laundering. This paper bears both theoretical and practical interest, in that it points out specific instances of court case-law which were given different constructions by various judiciary authorities.

  14. The Return Of State Financial Losses Analysis Of Money-Laundering Crime

    Directory of Open Access Journals (Sweden)

    James Simanjuntak

    2017-12-01

    Full Text Available The criminal act of corruption is more systematic and has been categorized as extraordinary crime and its scope has entered all aspects of community life. The importance of research is conducted to determines law enforcement of corruption crime in the return of State financial loss and the return of corruption asset through money laundering crime instrument. The research was carried out in Papua Province - Indonesia. The results shows that the relation between corruption and money-laundering is closely related. The corruption is one of the predicate crimes from money laundering. The corruption is an extraordinary crime that has resulted in huge State financial losses which in fact the large of State financial losses as proceeds of corruption is not proportional to the large of the return of the State financial loss because the orientation of law enforcement of corruption is still to perpetrators. Therefore in order to return the State financial loss optimally law enforcement orientation should also be directed against the assets of the criminal act of corruption.

  15. ELECTRONIC FUNDS TRANSFER IN MONEY LAUNDERING CRIME: REGULATION NEEDED IN RESPONSE TO MEETING OF TECHNOLOGY AND CRIME IN INDONESIA

    Directory of Open Access Journals (Sweden)

    Go Lisanawati

    2010-12-01

    Full Text Available Advancements in information technology have affected modern society in numerous areas, including communication, education, commerce, and so on. These advancements have brought incredible benefits; they have also provided opportunities and motivation for various forms of crime. Information technology has also made crime highly profitable. Among the many types of criminal activities, modern technology has allowed money laundering to become an online crime. This new type of crime has raised some legal questions about the capability of national and international regulations in relation to current and upcoming issues. These include finding electronic funds transfer records after the fact, and determining money laundering activity that includes electronic funds transfer. Although Indonesia is an integral member of a community concerned with the interaction between technology and money laundering, it has not provided regulations to deal with the current and upcoming issues involving the crime of electronic money laundering. The increase in the amount of crime indicates the following series of techniques and mechanisms that had been detected in relation to money laundering activity. This research will examine current issues under the light of Indonesian regulations, and will put forward some proposals to close the legal vacuum.

  16. The money laundering control act and proposed amendments: Its impact on the casino industry.

    Science.gov (United States)

    Mills, J

    1991-12-01

    In their efforts to track unreported income, Congress passed the Money Laundering Control Act in 1985. Because they are often involved in large cash transactions, casinos were required to report on cash transactions in amounts of $10,000 or more in much the same manner as banks and other financial institutions. However, because of the unique nature of cash and chip transactions within modern casinos, the Act, or state variants of it, have created significant compliance costs for casinos. This analysis examines the implications of the Act for the casino gaming industry, and evaluates some of the recent suggested Amendments to the Act.

  17. The Impact of Corruption and Money Laundering on Foreign Direct Investment in ASEAN

    Directory of Open Access Journals (Sweden)

    I Wayan Yasa Nugraha

    2013-12-01

    Full Text Available The purpose of this study is to examine the impact of corruption and money laundering on Foreign Direct Investment (FDI inflow in ASEAN by using panel data which covers ten years observation (2000–2009 and five cross sections of selected countries i.e. Indonesia, Malaysia, Singapore, Thailand, and Philippines. The model is estimated using ordinary least square method with fixed effect estimation. The result shows that there is a significant positive association between the establishment of Financial Intelligence Unit (FIU and FDI inflow, while Corruption Perception Index (CPI, as the proxy of corruption, does not significantly affect FDI inflow.

  18. ANTI-CORRUPTION AND ANTI-MONEY LAUNDERING MECHANISMS IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Sergey A. Puzyrev

    2013-01-01

    Full Text Available The article based on an integrated approach to developed within the European Union mechanisms of preventing crimes, which affect the financial interests of the EU. In terms of specific examples the legal basis of anti-corruption interaction, especially the structural building of the basic institutions of the European Union, are analyzed. The article discusses the information potential to facilitate the implementation of effective cooperation among the competent authorities in the sphere of combating corruption, fraud, money laundering and other economic crimes.

  19. 78 FR 24596 - Notice of Finding That Halawi Exchange Co. Is a Financial Institution of Primary Money Laundering...

    Science.gov (United States)

    2013-04-25

    ...(ff), in addition to other services it may offer. Halawi Exchange identifies itself as ``a family... inconsistent regulation, and a challenging and complex domestic and regional political and security environment... transactions as part of a large- scale trade-based money laundering scheme that involves the purchase of used...

  20. A STUDY ON THE RELEVANCE OF FORENSICS ACCOUNTING: THE PERCEPTION OF PROFESSIONALS LINKED TO THE MONEY LAUNDERING COMBAT

    Directory of Open Access Journals (Sweden)

    Arnaldo Antonio Duarte Ribeiro

    2016-03-01

    Full Text Available This paper aimed to investigate the perceptions of professionals engaged in activities related to money laundering combat and the importance of Forensic Accounting as an instrument of investigation regarding criminal practices on economic and financial activities. This research was conducted through a structured survey, submitted to 84 participants of the third module of the course of Money Laundering Combat ministered by the Department of Assets Recovery and International Legal Cooperation of the Ministry of Justice of Brazil. The results showed that Forensic Accounting is perceived as an important component in the fight against money laundering and the production of evidence in the criminal organizations investigative process. Respondents also argue that there is a demand for graduation and post graduation, to train professionals in this area, given the degree of sophistication of such crimes, which constitute an unconventional type of crime. All accountants and economists in the sample have intention to participate in post-graduation courses in Forensic Accounting, an opinion shared by 69% of respondents who have no training in accounting and economics. Most of the professionals in the sample have used professional services with economic and financial expertise in conducting anti-money laundering activities.

  1. The Strengthening Authority Of Money Laundering Prosecution A Review Of Corruption Eradication

    Directory of Open Access Journals (Sweden)

    Sulhan

    2015-08-01

    Full Text Available The application of criminal law in Indonesia is quite dynamic and attract public attention because of criminal law at least has a pattern of punishment that are depriving the perpetrators of human rights such as imprisonment or the death penalty. Criminal law essentially regulates the crime offense criminal and punishment of the perpetrators of crimes and violations. Universally criminal law in the various countries have to recognize and organize a wide variety of crimes both crimes that are conventional such as murder theft fraud and embezzlement that are extra ordinary crimes such as terrorism corruption criminal acts of narcotic and psychotropic substances as well as criminal acts that are white collar crime as the crime of banking and money laundering.

  2. TEKNIK AUDIT INVESTIGATIF DALAM PENGUNGKAPAN MONEY LAUNDERING BERDASARKAN PERSPEKTIF AKUNTAN FORENSIK

    Directory of Open Access Journals (Sweden)

    Rozmita Dewi Yuniarti Rozali

    2015-04-01

    The research method used is qualitative descriptive method. Determination of respondents using key person techniques are people who work as forensic accountants. The data used is the primary data obtained from interviews with respondents. This study uses the technique of triangulation of sources in the test data. Based on the results of his analysis, the results of the investigative aduit stages are predication, hypothesis formulation, data gathering, data reliability test, data analysis, interview and interrogation call, loss calculation, and reporting. It was also concluded that in theory and practice there is no investigative audit technique selected as the most effective technique. Because previously forensic accountants need to consider the things and characteristics of the money laundering case, only then determine which investigative audit techniques to use.

  3. Pencucian Uang (Money Laundering dalam Perspektif Hukum Perbankan dan Hukum Islam

    Directory of Open Access Journals (Sweden)

    Neni Sri Imaniyati

    2005-03-01

    Full Text Available Kemajuan teknologi informasi dan globalisasi keuangan membawa dampak berkembangnya kejahatan terutama kejahatan kerah putih (white collar crime. Salah satunya adalah money laundering (kejahatan pencucian uang yang dilakukan melalui lembaga keuangan. Sekurang-kurangnya terdapat tujuh faktor yang mendorong timbulnya tindakan pencucian uang. Ketujuh faktor tersebut sangat berkaitan erat dengan sistem hukum perbankan dan political will pemerintah dalam menanggulangi tindak pidana pencucian uang. Bank merupakan media yang sangat diminati oleh pelaku tindak pidana pencucian uang. Oleh karenanya pencegahan tindak pidana pencucian uang akan lebih efektif bila menggunakan sistem dan peraturan perundang-undangan di bidang perbankan. Asas-asas perbankan dapat mengantisipasi kejahatan pencucian uang di Indonesia. Hukum Islam memandang pencucian uang termasuk katagori perbuatan yang diharamkan karena dua hal : pertama dari proses memperolehnya dan proses pencuciannya.

  4. Money laundering in the convention on combating bribery of foreign public officials in international business transactions of the organization for cooperation and development (OECD

    Directory of Open Access Journals (Sweden)

    Notari Bonini Notari

    2015-09-01

    Full Text Available This article aims to analyze the phenomenon of corruption and money laundering and how they are being addressed this issue under the Convention on Combating Public Officials Corruption Foreigners in Transactions Organization of International Trade for Economic Cooperation and Development (OECD and the formulation of public policies for Combating Corruption and Money Laundering, by the Brazilian State. The Money Laundering is a species of corrupting practices, so that this type of illicit undertakes the realization of fundamental rights, social rights, economic criminal law, the democratic rule of law affecting, directly, public policy tax as a result of the commission of unlawful acts and offenses linked to issues of an economic nature, such as bribery, fraud, tax evasion, bribery, money laundering, drug trafficking, arms linked indirectly, to organized crime. Whereas the article is a bibliographic nature, it will be used as the method of approach to be adopted in its deductive development, with general assumption arguments (major premise for particular arguments (minor premise; while the procedure is analytical. Key words: Public Policy Tax, Money Laundering, Corruption of Foreign Public Officials, economic, illegalities. Money Laundering CRIME UNDER THE CONVENTION ON THE FIGHT AGAINST CORRUPTION OF FOREIGN public employee in the business operations of the International Organization for Economic Cooperation and Development (OECD This article AIMS to analyze the phenomenon of corruption and money laundering and how it is addressing this issue under the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions of the Organization for Economic Cooperation and Economic Development (OECD and the formulation of public policies for the Fight against Corruption and Money Laundering, by the Brazilian government. Money laundering is a kind of corrupt practices, so this type of crime committed with the

  5. Do Countries Consistently Engage in Misinforming the International Community about Their Efforts to Combat Money Laundering? Evidence Using Benford's Law.

    Science.gov (United States)

    Deleanu, Ioana Sorina

    2017-01-01

    Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003-2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union member states self-reported to EUROSTAT, and on the basis of which, their efforts were evaluated. I used Benford's law to detect any anomalous statistical patterns and found that statistical anomalies were also consistent with strategic manipulation. According to Benford's law, if we pick a random sample of numbers representing natural processes, and look at the distribution of the first digits of these numbers, we see that, contrary to popular belief, digit 1 occurs most often, then digit 2, and so on, with digit 9 occurring in less than 5% of the sample. Without prior knowledge of Benford's law, since people are not intuitively good at creating truly random numbers, deviations thereof can capture strategic alterations. In order to eliminate other sources of deviation, I have compared deviations in situations where incentives and opportunities for manipulation existed and in situations where they did not. While my results are not a conclusive proof of strategic manipulation, they signal that countries that faced incentives and opportunities to misinform the international community about their efforts to combat money laundering may have manipulated these indicators. Finally, my analysis points to the high potential for disruption that the manipulation of national statistics has, and calls for the acknowledgment that strategic manipulation can be an unintended consequence of the international community's pressure on countries to put combatting money laundering on the top of their national agenda.

  6. Do Countries Consistently Engage in Misinforming the International Community about Their Efforts to Combat Money Laundering? Evidence Using Benford's Law.

    Directory of Open Access Journals (Sweden)

    Ioana Sorina Deleanu

    Full Text Available Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003-2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union member states self-reported to EUROSTAT, and on the basis of which, their efforts were evaluated. I used Benford's law to detect any anomalous statistical patterns and found that statistical anomalies were also consistent with strategic manipulation. According to Benford's law, if we pick a random sample of numbers representing natural processes, and look at the distribution of the first digits of these numbers, we see that, contrary to popular belief, digit 1 occurs most often, then digit 2, and so on, with digit 9 occurring in less than 5% of the sample. Without prior knowledge of Benford's law, since people are not intuitively good at creating truly random numbers, deviations thereof can capture strategic alterations. In order to eliminate other sources of deviation, I have compared deviations in situations where incentives and opportunities for manipulation existed and in situations where they did not. While my results are not a conclusive proof of strategic manipulation, they signal that countries that faced incentives and opportunities to misinform the international community about their efforts to combat money laundering may have manipulated these indicators. Finally, my analysis points to the high potential for disruption that the manipulation of national statistics has, and calls for the acknowledgment that strategic manipulation can be an unintended consequence of the international community's pressure on countries to put combatting money laundering on the top of their national agenda.

  7. Making Promises Good: The Anti-Money Laundering Regime as a Multi-Purpose Tool for Governance

    Directory of Open Access Journals (Sweden)

    Stavros Katsios

    2016-01-01

    Full Text Available The creation of this international anti-money laundering regulatory regime is, contrary to itsneglect by the literature, important in two ways. First, it provides us with a second example -alongside the Basle Accord – with which we can examine how political barriers to regulatorycooperation and coordination might be overcome; without overstating the success of the antimoneylaundering regime the paper argues that a lot of the political circumstances that enabledcooperation and coordination to develop in this case can be applied in facing other economiccrime forms. The FATF case may help us to identify important political conditions that can fostercollective regulatory initiatives in the international financial area and especially in South EasternEurope. Additionally the anti-money laundering regime may be useful more directly in pursuingsome other regulatory and security goals of particular interest for the Balkan region. Specifically,the kinds of international cooperation and coordination that have been introduced to combatmoney laundering may help to strengthen international regulatory initiatives aimed at curbingcorruption, tax evasion and capital flight and fighting the threat deriving from internationalorganised crime and global terrorism.

  8. Authors: M Kersop and SF du Toit ANTI-MONEY LAUNDERING ...

    African Journals Online (AJOL)

    Marike Kersop

    . 126. It is submitted by Alexandre and Eisenhart 2013 WJLTA 297 that in terms of the "mobile" element, there is no need for specific "mobile money" regulation per se but instead for rules on electronic money that also apply to mobile money ...

  9. CAVE PECUNIAM: LAWYERS AS LAUNDERERS

    Directory of Open Access Journals (Sweden)

    RA Koen

    2012-12-01

    Full Text Available The attorney’s trust account is an enticing prospect for criminals seeking ways to launder money acquired illegally, and the attorney whose trust account is abused in this way stands to be branded and punished as a money launderer. The overall aim of the article is to identify the dangers which money launderers pose to attorneys and to highlight the need for vigilance in the face of these dangers. It analyses the anti-money laundering reporting obligations imposed on attorneys by the Financial Intelligence Centre Act and considers impact of these obligations upon the attorney-client relationship. Some of the ways in which a law practice may become implicated in the placement, layering and integration stages of the money laundering process are discussed, and cases which deal with attorneys’ involvement in money laundering schemes are presented.

  10. Anti-money laundering regulations and the effective use of mobile ...

    African Journals Online (AJOL)

    Mobile financial services, specifically mobile money, has the potential to expand access to financial services to millions of unbanked people in South Africa. As such, it looks very promising in terms of financial inclusion. However, concerns exist that mobile money can be detrimental to financial integrity since there are ...

  11. Cave Pecuniam: Lawyers as Launderers | Hamman | Potchefstroom ...

    African Journals Online (AJOL)

    The attorney's trust account is an enticing prospect for criminals seeking ways to launder money acquired illegally, and the attorney whose trust account is abused in this way stands to be branded and punished as a money launderer. The overall aim of the article is to identify the dangers which money launderers pose to ...

  12. The Role of the Regulated Sector in the UK Anti-Money Laundering Framework: Pushing the Boundaries of the Private Police

    Directory of Open Access Journals (Sweden)

    Mo Egan

    2010-06-01

    Full Text Available This article argues that the conceptualisation of private police in current academic literature requires expansion to accommodate the role of the regulated sector in the Anti- Money Laundering (AML framework. Firstly, it evaluates the literature on ‘private police’ and argues that its current parameters are too narrow to accommodate the ‘policing’ role of the regulated sector. Secondly, it lays out the legislative framework that has developed to deal with the problem of money laundering. Thirdly, it contextualises the role of the regulated sector, examining the domestic inter-agency policing relationships within the suspicious activity regime as operationalised in Scotland. Finally, it takes a closer look at how the courts have interpreted the ‘failure to report offence’ under s330 of the Proceeds of Crime Act (POCA 2002 and its consequential effect on the engagement of the regulated sector with the SARs regime.

  13. Do Countries Consistently Engage in Misinforming the International Community about Their Efforts to Combat Money Laundering? Evidence Using Benford’s Law

    Science.gov (United States)

    2017-01-01

    Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003–2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union member states self-reported to EUROSTAT, and on the basis of which, their efforts were evaluated. I used Benford’s law to detect any anomalous statistical patterns and found that statistical anomalies were also consistent with strategic manipulation. According to Benford’s law, if we pick a random sample of numbers representing natural processes, and look at the distribution of the first digits of these numbers, we see that, contrary to popular belief, digit 1 occurs most often, then digit 2, and so on, with digit 9 occurring in less than 5% of the sample. Without prior knowledge of Benford’s law, since people are not intuitively good at creating truly random numbers, deviations thereof can capture strategic alterations. In order to eliminate other sources of deviation, I have compared deviations in situations where incentives and opportunities for manipulation existed and in situations where they did not. While my results are not a conclusive proof of strategic manipulation, they signal that countries that faced incentives and opportunities to misinform the international community about their efforts to combat money laundering may have manipulated these indicators. Finally, my analysis points to the high potential for disruption that the manipulation of national statistics has, and calls for the acknowledgment that strategic manipulation can be an unintended consequence of the international community’s pressure on countries to put combatting money laundering on the top of their national agenda. PMID:28122058

  14. THE UNDERGROUND ECONOMY AND MONEY LAUNDERING, ECONOMICALLY DESTABILIZE FACTORS, BANKING BUT ALSO SOCIAL

    OpenAIRE

    Ionel Sandu; Marinela Tanascovici

    2010-01-01

    The desire of each of us is to earn as much money in good faith to achieve the goals which we intend to. But this depends on several factors, such as training, ability, experience and luck sometimes. Part of the money you earn is taken over by the state as taxes without providing a direct counterpart to this, making the individual property or the operator to reduce and thus can not even achive the objectives and fully or partially fulfilled. What is very difficult to separate from one part of...

  15. Implementation of Internal Control Systems to Combat Money Laundering and Financing of Terrorism – An Applied Exploratory Study to the Angolan Financial Sector

    Directory of Open Access Journals (Sweden)

    Carlos Pinho

    2015-08-01

    Full Text Available The Angolan financial system is observing several regulatory changes that are being adopted by local banks at a considerable speed in the last years. Considering the pressured context in which such changes are being internalized, this study is intended to ascertain the level of implementation and the way that control systems are being adopted by the Angolan financial institutions, in order to prevent and combat money laundering and financing of terrorism. A survey was submitted to the banking institutions that operate in the Angolan financial sector with the purpose of understanding to what extent prevention controls and mechanisms for money laundering and financing of terrorism have been implemented, and identify the main difficulties that banking institutions are facing on the adoption of such controls and mechanisms. Using a descriptive analysis, the results show that the banking institutions consider to have implemented control systems that are capable of mitigating the risk of money laundering and financing of terrorism. The results also show that, although there are formal and concrete policies in place, the Angolan banking institutions possess deficient control tools in terms of information systems and data management and lack adequate staff training which potentially threatens the effectiveness of the controls that have been implemented.

  16. Authors: M Kersop and SF du Toit ANTI-MONEY LAUNDERING ...

    African Journals Online (AJOL)

    Marike Kersop

    2013-03-28

    Mar 28, 2013 ... In Part 1 of this article, mobile money as a legal concept was examined, followed by a discussion of the way in ..... Ie when several individuals share a few mobile phones. This practice is prevalent in ..... Geographical or purchasing limitations could also act as mitigating factors which decrease the risk of ...

  17. FEATURES OF THE SCHEMES OF CASH PAYMENTS AND BANKING OPERATIONS WITH MONEY LAUNDERING

    Directory of Open Access Journals (Sweden)

    Irina N. Mihailova

    2014-01-01

    Full Text Available The scientific article is devoted to problems of identification schemes origin of the property and money by making a wide range of transactions and financial operations in business and other economic activity, which is carried out by change of the nominal owner of the property (front companies. In most cases, these transactions have no economic sense. For the legislation of criminal possession of property transactions are documented. In the process of legalization of income obtained illegally are in the form of goods, funds, securities, property rights, which require constant perfection of methods for the detection of fraudulent schemes.

  18. MONEY LAUNDERING AS AN ISOLATED PHENOMENON AND LEADING FACTOR IN WHITE-COLLAR CRIMINALITY, PUTS MOLDOVA CASE JUDICIARY ON THE SPOT

    Directory of Open Access Journals (Sweden)

    Jacob RUB

    2015-11-01

    Full Text Available Money laundering is a leading factor in white-collar criminality, with a big effect upon Gross National Product of the Israeli and Moldova economies. Israel and Moldova have made the first steps In order to cope with money laundering phenomenon. The model of handling the phenomenon in the USA has been studied that constitutes a role model of fighting money laundering. The vast majority (77% of all frauds were committed by individuals working in one of six departments: accounting, operations, sales, executive/upper management, customer service and purchasing. In Moldova, money laundering for the most part is connected to traditional forms and activities sources of illegal proceeds .Moldova is a transit country for money laundering. A money-laundering scandal is casting Moldova’s judiciary in an unfavorable light and is raising concerns about the government’s commitment to reforms needed to keep European Union integration on track. It is a need to address corruption as a national priority, and the priority of the relations between the EU and Moldova. The money laundering scandal indicates that Moldova is reluctant to wade deeply into judicial reform. In fact, the laundered of $20 billion, is an amount more than twice the size of Moldova’s GDP in 2013, and may be that it is just the tip of the iceberg, probably. White-collar criminality in Israel and Moldova means success of coping of the enforcement and judicial systems. In order to cope with this phenomenon, Israel makes its first steps. Anyway, the message must pave the way through a creation of a new model for dealing with reduction the isolated phenomenon of money laundering in both states.SPĂLAREA DE BANI, UN FENOMEN IZOLAT ŞI UN FACTOR IMPORTANT ÎN CRIMINALITATEA GULERELOR ALBE, PUNE PRACTICA JUDICIARĂ DIN REPUBLICA MOLDOVA INTR-O SITUAŢIE DIFICILĂSpălarea de bani este un factor important în criminalitatea gulerelor albe, având un efect semnificativ asupra produ-sului na

  19. Globalization and Money Laundering

    Directory of Open Access Journals (Sweden)

    George Dorel Popa

    2012-05-01

    Full Text Available Twentieth century has been characterized by many structural changes on the planetary level. Thechanges were caused by social revolutions, the communist bloc collapse, huge technological advances, notleast the significant increase of the international trade volume. The second part of the century brought theglobalization as a major feature of our world. Globalization has manifested first in the Economical field andthen gradually in other areas of the social life. This phenomenon brought undeniable benefits and a number ofrisks and negative effects for the countries of the world. The biggest threat in this respect is the extent oftransnational organized crime. The originality of this paper is consisting in understanding of moneylaundering using the factors that define the formation and development of this crime, as well the favor factors.The added value of the paper comes from interdisciplinary presentation of this crime. This paper highlightsthe conditions and factors that cause serious consequences in this respect. Studying this crime and its featurescould be a key for solving many problems in the area of Economical crimes. This paper could contribute tothe work of police officers, prosecutors or judges on daily bases fight against crime and its socialconsequences.

  20. Organizational and Legal Issues of Combating Money Laundering: International Experience and Prospects of Its Use in the Russian Federation

    Directory of Open Access Journals (Sweden)

    Alexander V. Vlasov

    2015-12-01

    Full Text Available The article deals with the problem of counteraction to legalization (laundering of proceeds from crime - is the final stage of transformation into high crime and effective form of illegal business. During this process, illegal and highly dangerous for the concentration of economic society, and behind her, and political power in the hands of an uncontrolled group of people.

  1. Liquidity and Counterparty Risks Tradeoff in Money Market Networks

    NARCIS (Netherlands)

    Leon Rincon, C.E.; Sarmiento, M.

    2016-01-01

    We examine how liquidity is exchanged in different types of Colombian money market networks (i.e. secured, unsecured, and central bank’s repo networks). Our examination first measures and analyzes the centralization of money market networks. Afterwards, based on a simple network optimization problem

  2. 2007 National Money Laundering Strategy

    Science.gov (United States)

    2007-03-16

    opened multiple private banking accounts for former Chilean dictator Augusto Pinochet , among other politi- cally exposed persons, accepting millions... Pinochet , U.S. Senate Permanent Subcommittee on Investigations, March 16, 2005. 18 Guidance on applying scrutiny to situations of this type

  3. 75 FR 76677 - Financial Crimes Enforcement Network: Anti-Money Laundering Program and Suspicious Activity...

    Science.gov (United States)

    2010-12-09

    ... examples of red flags associated with existing or potential customers are referenced in previous FinCEN... related to mortgage fraud.\\13\\ \\13\\ See Mortgage Fraud (a listing of FinCEN's mortgage fraud related..., U.S. Department of the Treasury, on ``The Financial Fraud Enforcement Task Force'', Nov. 17, 2009...

  4. On Money as a Means of Coordination between Network Packets

    OpenAIRE

    Efraimidis, Pavlos S.; Koutsiamanis, Remous-Aris

    2012-01-01

    In this work, we apply a common economic tool, namely money, to coordinate network packets. In particular, we present a network economy, called PacketEconomy, where each flow is modeled as a population of rational network packets, and these packets can self-regulate their access to network resources by mutually trading their positions in router queues. Every packet of the economy has its price, and this price determines if and when the packet will agree to buy or sell a better position. We co...

  5. Debate: Money, Money, Money

    Directory of Open Access Journals (Sweden)

    Nina Ilona Ellinger

    2014-09-01

    Full Text Available The question: ‘What would be the best way to use ten million dollars?’ leads to many other questions when related to anti-trafficking work. What should the money be spent on? Who should be appointed to spend the money? And, perhaps most importantly, who should be the beneficiaries? In other words, are the ten million dollars to prevent trafficking of people meant for activities to stop smuggling of people, to stop unwanted migrants, or to protect and uphold people’s rights when they move across borders and need to be protected from trafficking? Would the money be best spent on anti-trafficking work, or would it be better spent on strengthening the rights of all migrants to minimise the risk of trafficking?

  6. The money trail: a new historiography for networks, patronage and scientific careers

    DEFF Research Database (Denmark)

    Andersen, Casper; Bek-Thomsen, Jakob; Kjærgaard, Peter C.

    2012-01-01

    Money is everywhere in science. Yet, historians have only rarely placed the money trail at the centre of their analyses. The articles in this focus section demonstrate that following the money offers a historiographical path for investigating a number of key issues across disciplinary boundaries ......, spatial and geographical dimensions of science as well as in relation to state funding and ownership. Together, the contributions demonstrate how following the money offers a way of overcoming hyperprofessionalism in the history of science.......Money is everywhere in science. Yet, historians have only rarely placed the money trail at the centre of their analyses. The articles in this focus section demonstrate that following the money offers a historiographical path for investigating a number of key issues across disciplinary boundaries...... in the nineteenth and twentieth centuries. Drawing on cases and materials relating to a number of scientific fields including electrical engineering, aeronautics, agriculture and palaeontology, the articles examine the continuous role of money in industrial and military patronage, personal connections and networks...

  7. 31 CFR 103.20 - Reports by money services businesses of suspicious transactions.

    Science.gov (United States)

    2010-07-01

    ... immediate attention, such as ongoing money laundering schemes, the money services business shall immediately... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Reports by money services businesses of suspicious transactions. 103.20 Section 103.20 Money and Finance: Treasury Regulations Relating to...

  8. 洗錢犯罪與犯罪收益之定義──從United States v. Santos案看美國反洗錢法之新發展 “Proceeds” of Crime in Money Laundering: A New Breakthrough from U.S. v. Santos

    Directory of Open Access Journals (Sweden)

    林志潔 Chih-Chieh Lin

    2014-12-01

    Full Text Available 打擊組織型的財經犯罪,為世界各國面臨的重要挑戰。由於此類犯罪往往涉及大量資金移轉,如未能阻止犯罪收益透過洗錢管道漂白,將持續給予犯罪行為人繼續犯罪的誘因,更可能資助後續犯罪的發生。為此,美國國會於1986 年通過洗錢控制法,惟因「犯罪收益」一詞未經定義,而造成各級法院適用上見解分歧。一派認為收益一詞係指扣除犯罪成本後之所得,另一派則認為犯罪收益不應扣除犯罪成本方能有效阻斷不法誘因。本文藉由分析美國聯邦最高法院United States v. Santo 乙案,釐清近期美國洗錢防制法制中因 「犯罪收益」一詞所引發之重大爭議,並對國會後續做出之修法回應予以評述,期能藉此作為我國未來財經犯罪防制之參考。 How to prevent and combat large-scale financial crimes has become the most critical criminal issue in many countries. To combat financial crimes, U.S. Congress passed Money Laundering Control Act of 1986, which prohibits the use of the “proceeds” of criminal activities for various purposes, including engaging in, and conspiring to engage in, transactions intended to promote the carrying on of unlawful activity. However, what “proceeds” mean was undefined in the act. Various interpretations of “proceeds” by the Circuits caused the disorder of law enforcement. This article analyzes the latest issue of the Money Laundering Control Act through analyzing U.S. v. Santos and the following response from the U.S. Congress, and hopes to respond to the challenges of financial crimes in the contemporary Taiwanese society.

  9. 76 FR 45689 - Financial Crimes Enforcement Network; Repeal of the Final Rule and Withdrawal of the Finding of...

    Science.gov (United States)

    2011-08-01

    ...; Repeal of the Final Rule and Withdrawal of the Finding of Primary Money Laundering Concern Against VEF... anti-money laundering provisions of the BSA, codified at 12 U.S.C. 1829b, 12 U.S.C. 1951-1959, and 31 U..., or type of account is of ``primary money laundering concern,'' to require domestic financial...

  10. Hour-Glass Neural Network Based Daily Money Flow Estimation for Automatic Teller Machines

    Science.gov (United States)

    Karungaru, Stephen; Akashi, Takuya; Nakano, Miyoko; Fukumi, Minoru

    Monetary transactions using Automated Teller Machines (ATMs) have become a normal part of our daily lives. At ATMs, one can withdraw, send or debit money and even update passbooks among many other possible functions. ATMs are turning the banking sector into a ubiquitous service. However, while the advantages for the ATM users (financial institution customers) are many, the financial institution side faces an uphill task in management and maintaining the cash flow in the ATMs. On one hand, too much money in a rarely used ATM is wasteful, while on the other, insufficient amounts would adversely affect the customers and may result in a lost business opportunity for the financial institution. Therefore, in this paper, we propose a daily cash flow estimation system using neural networks that enables better daily forecasting of the money required at the ATMs. The neural network used in this work is a five layered hour glass shaped structure that achieves fast learning, even for the time series data for which seasonality and trend feature extraction is difficult. Feature extraction is carried out using the Akamatsu Integral and Differential transforms. This work achieves an average estimation accuracy of 92.6%.

  11. Agent-based approach for generation of a money-centered star network

    Science.gov (United States)

    Yang, Jae-Suk; Kwon, Okyu; Jung, Woo-Sung; Kim, In-mook

    2008-09-01

    The history of trade is a progression from a pure barter system. A medium of exchange emerges autonomously in the market, a position currently occupied by money. We investigate an agent-based computational economics model consisting of interacting agents considering distinguishable properties of commodities which represent salability. We also analyze the properties of the commodity network using a spanning tree. We find that the “storage fee” is more crucial than “demand” in determining which commodity is used as a medium of exchange.

  12. Increased Anti-Money Laundering Banking Regulations and Terrorism Prosecutions

    Science.gov (United States)

    2013-03-01

    Albarracin 71 2005 1:05-cr-00162-CC-AJB USA v. Lofton Salem Fard Lofton 72 2005 3:05-cr-00242- RJC -CH USA v. Taylor Jordan Eric Taylor 73 2005 7:04-cr...05-cr-00162-CC-AJB USA v. Lofton 24 2005 3:05-cr-00242- RJC -CH USA v. Taylor 25 2005 7:04-cr-00129-F USA v. Bell 26 2005 1:04-cr-00421-JAB USA v...1:05-cr- 00162-CC- AJB USA v. Lofton Salem Fard Lofton No No No No No No No 3:05-cr- 00242- RJC - CH USA v. Taylor Jordan Eric Taylor No No No

  13. The Method of Leader’s Overthrow in Networks

    OpenAIRE

    Belik, Ivan; Jörnsten, Kurt

    2016-01-01

    Methods for leader’s detection and overthrow in networks are useful tools for decision-making in many real-life cases, such as criminal networks with hidden patterns or money laundering networks. In the given research, we represent the algorithms that detect and overthrow the most influential node to the weaker positions following the greedy method in terms of structural modifications. We employed the concept of Shapley value from the area of cooperative games to measure a node’s leadership a...

  14. Quickprop method to speed up learning process of Artificial Neural Network in money's nominal value recognition case

    Science.gov (United States)

    Swastika, Windra

    2017-03-01

    A money's nominal value recognition system has been developed using Artificial Neural Network (ANN). ANN with Back Propagation has one disadvantage. The learning process is very slow (or never reach the target) in the case of large number of iteration, weight and samples. One way to speed up the learning process is using Quickprop method. Quickprop method is based on Newton's method and able to speed up the learning process by assuming that the weight adjustment (E) is a parabolic function. The goal is to minimize the error gradient (E'). In our system, we use 5 types of money's nominal value, i.e. 1,000 IDR, 2,000 IDR, 5,000 IDR, 10,000 IDR and 50,000 IDR. One of the surface of each nominal were scanned and digitally processed. There are 40 patterns to be used as training set in ANN system. The effectiveness of Quickprop method in the ANN system was validated by 2 factors, (1) number of iterations required to reach error below 0.1; and (2) the accuracy to predict nominal values based on the input. Our results shows that the use of Quickprop method is successfully reduce the learning process compared to Back Propagation method. For 40 input patterns, Quickprop method successfully reached error below 0.1 for only 20 iterations, while Back Propagation method required 2000 iterations. The prediction accuracy for both method is higher than 90%.

  15. The Macroeconomy as a Network of Money-Flow Transfer Functions

    Directory of Open Access Journals (Sweden)

    Trond Andresen

    1998-10-01

    Full Text Available An introduction on A.W. Phillips’ "hydraulic" macroeconomic models is given. His (and others economists’ notion that a macroeconomy may reasonably be considered to have dynamics corresponding to a first order time lag transfer function, is justified in this paper by aggregation of individual micro agents. In connection with this economic application, we derive and discuss a theorem and some rules for general networks of time lagged blocks. Numerical simulations of networks of agents are undertaken, supporting the validity of the first order time lag aggregate model. Finally, an application is presented—a model of financial accumulation and possible collapse.

  16. Young Money

    DEFF Research Database (Denmark)

    Roelsgaard Obling, Anne

    2015-01-01

    Book review of: Kevin Roose: "Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits". New York: Grand Central Publishing, 2014. 320 pp.......Book review of: Kevin Roose: "Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits". New York: Grand Central Publishing, 2014. 320 pp....

  17. Smart Money

    Science.gov (United States)

    Ullman, Ellen

    2009-01-01

    From using virtualization technology to accepting lunch payments online, school districts are seeking money-saving methods. In this article, the author discusses some methods used by school districts that allow them to save money from using virtualization technology to accepting lunch payments online.

  18. Smart Money

    DEFF Research Database (Denmark)

    Avital, Michel; Hedman, Jonas; Albinsson, Lars

    2017-01-01

    Legal tender in the form of coins and banknotes is expected to be replaced at one point in the future by digital legal tender. This transformation is an opportunity for central banks to rethink the idea of money and overhaul the prevailing payment systems. Digital legal tender is expected to reduce...... transaction costs by providing seamless real-time payments. In addition, digital legal tender that is based on blockchain technology can provide a foundation for customizable “smart money” which can be used to manage the appropriation of money and its use. In essence, the smart money is a customizable value...... exchange instrument that relies on computer protocols to facilitate, verify, and enforce certain conditions for its appropriation as payment, e.g. who may use the money, where, and for what. If we believe that digital legal tender will become ubiquitous, then the emergence and diffusion of smart money...

  19. Making Money from Making Money

    DEFF Research Database (Denmark)

    Macfarlane, Laurie; Ryan-Collins, Josh; Bjerg, Ole

    Who has control over the supply of new money and what benefits does it bring? There is now widespread acceptance that in modern economies, commercial banks, rather than the central bank or state, create the majority of the money supply. This report examines ‘seigniorage’ – the profits...... that are generated through the creation of money. We show that in the UK, commercial bank seigniorage profits amount to a hidden annual subsidy of £23 billion, representing 73% of banks’ profits after provisions and taxes....

  20. The Topology of Danish Interbank Money Flows

    DEFF Research Database (Denmark)

    Rørdam, Kirsten Bonde; Bech, Morten Linnemann

    This paper presents the first topological analysis of Danish money market flows. We analyze the structure of two networks with different types of transactions. The first network is the money market network, which is driven by banks' behavior on the interbank market, the second is the network...

  1. Free Money!

    Science.gov (United States)

    Anderson, Cynthia

    2011-01-01

    School library budgets are about as miserably low or nonexistent as many librarians have ever seen. The population of school librarians who have not just one, but "many" school libraries to manage is growing. Time and funds are short, and needs for books, programming, and technology are high. Grant money is out there for librarians, and the author…

  2. Electronic Money.

    Science.gov (United States)

    Schilling, Tim

    Thirty years ago a cashless society was predicted for the near future; paper currency and checks would be an antiquated symbol of the past. Consumers would embrace a new alternative for making payments: electronic money. But currency is still used for 87% of payments, mainly for "nickel and dime" purchases. And checks are the payment…

  3. Children and Money Management. Money Management.

    Science.gov (United States)

    Baran, Nancy H., Ed.; Tarrant, Sharon M., Ed.

    This boolet on children and money management, 1 in a series of 12, covers all the basic aspects of personal- and family-money management. Suitable for use by high school and college students as well as adults, this handbook offers guidelines for teaching money-managing skills to children, from preschoolers to high school seniors. The first two…

  4. From gold money to fictitious money

    Directory of Open Access Journals (Sweden)

    ELEUTÉRIO F. S. PRADO

    2016-03-01

    Full Text Available ABSTRACT In the nineteenth century, money appear primarily as gold. In the twenty-first century, it appears as strictly fiduciary money. It is known that Marx said very clearly that the golden money was the effective basis of the monetary and credit system. Had the historical development finally shown that his theory of value and money would be false? Marxists have struggled continually with this problem. This paper tries to show that exist a simple and good answer to this crucial question. It comes just developing a little the dialectics of commodities and money found on Marx's Capital.

  5. 78 FR 65764 - Information Collection Proposed Renewal Without Change; Comment Request; Anti-Money Laundering...

    Science.gov (United States)

    2013-11-01

    ... following Internet address: [email protected] , again with a caption, in the body of the text... amended and codified at 12 U.S.C. 1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. Language expanding...

  6. Authors: M Kersop and SF du Toit ANTI-MONEY LAUNDERING ...

    African Journals Online (AJOL)

    Marike Kersop

    Mobile technology1 affects the lives of billions of people worldwide2 and has transformed the way in which not only communication but also business transactions take place.3 It is a valuable medium and a crucial piece of infrastructure which supports a number of economic sectors.4 In terms of financial services,5 the.

  7. 76 FR 69204 - Anti-Money Laundering Program and Suspicious Activity Reporting Requirements for Housing...

    Science.gov (United States)

    2011-11-08

    ..., or in the conduct of intelligence or counterintelligence activities, including analysis, to protect..., competitive, and resilient national housing finance markets. Where FHFA has not acted with superseding...

  8. 77 FR 8148 - Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Residential...

    Science.gov (United States)

    2012-02-14

    ... incorporation or tax laws. An exception for sole proprietorships likely would perpetuate, to some degree, the... reports that the Secretary determines ``have a high degree of usefulness in criminal, tax, or regulatory... consequences that undermine the effectiveness of a comprehensive, risk-based AML and SAR program regime. Such...

  9. TAX EVASION AND MONEY LAUNDERING – WAYS OF EVADING THE PAYMENT OF THE STATE BUDGET LIABILITIES

    Directory of Open Access Journals (Sweden)

    Constantin AFANASE

    2005-01-01

    Full Text Available Tax evasion is an antisocial phenomenon to be fight against with all forces. By reducing collection oftaxes, this phenomenon abridges society of significant public resources which could be used forachieving some social and economic goals used by the whole society. It is known that since the oldtimes tax payers were looking for means of reducing tax liabilities through various and ingeniousmethods. Basis of tax evasion phenomenon are in the deep structures of human cerebration, in theselfish spirit of human being, which always tend to bring specific interest before overall interest.

  10. Authors: M Kersop and SF du Toit ANTI-MONEY LAUNDERING ...

    African Journals Online (AJOL)

    Marike Kersop

    2013-03-28

    Mar 28, 2013 ... This article (in two parts) is based on M Kersop's mini-dissertation with the same title, submitted in partial ... Identification and Verification and Related Matters (28 March 2013) (hereafter Guidance Note. 3A) para .... member and/or agent of the accountable institution to visit the residential address provided ...

  11. 75 FR 47346 - Proposed Renewal Without Change; Comment Request; Anti-Money Laundering Programs; Special Due...

    Science.gov (United States)

    2010-08-05

    ... U.S.C. 5311-5332. Language expanding the scope of the Bank Secrecy Act to intelligence or counter-intelligence activities to protect against international terrorism was added by section 358 of the Uniting and... proceedings, or in the conduct of intelligence or counter-intelligence activities, including analysis, to...

  12. STUDY ON FINANCIAL OFFSHORE CENTRES, THE RISKS AND DEREGULATION OF THE INTERNATIONAL FINANCIAL SYSTEM, CAPITAL LAUNDERING AND TERRORISM FINANCING

    Directory of Open Access Journals (Sweden)

    MĂDĂLINA ANTOANETA RĂDOI

    2013-05-01

    Full Text Available After the end of the 90’s crisis, the settlement of the international financial system has taken an important place within the international organizations. There are important debates regarding the need of a compulsory reform to prevent crises. Means of preventing crises, especially within the field of foreign vulnerability assessment regard: transparency, following the international regulations and codes, refoundation of the financial compartments, liberalization of the capital movements. In addition, a set of work program is needed regarding the crises settlement and sovereign debt restructuring. Serious matters are requested regarding the adoption of fight tools against money laundering and terrorism finance. Offshore financial centers assessment is placed in the field of activity by refinancing of the financial sector, it is one of the health balance sheet elements achieved by the IMF and by the World Bank within the financial compartment assessment program.

  13. Philosophy of Money

    CERN Document Server

    Simmel, Georg; Frisby, David; Bottomore, Tom

    2011-01-01

    In The Philosophy of Money, Georg Simmel provides us with a now classic discussion of the social, psychological and philosophical aspects of the money economy, full of brilliant insights into the forms that social relationships take.

  14. Money and Costly Credit

    OpenAIRE

    Dong, Mei

    2009-01-01

    I study an economy in which money and credit coexist as means of payment and the settlement of credit requires money. The model extends recent developments in microfounded monetary theory to address the choice of payment methods and the effects of inflation. Whether a buyer uses money or credit depends on the fixed cost of credit and the inflation rate. In particular, inflation not only makes money less valuable, but also makes credit more expensive because of delayed settlement. Based on qua...

  15. Laundering Characteristics of Environmental Headgear Army Cap, Field, Cotton, OG 107 and Navy Cap, Intermediate, Cold Weather

    National Research Council Canada - National Science Library

    Crosson, Jean

    1959-01-01

    The purpose of the investigation was to compare the laundering characteristics of two similar types of Army and Navy environmental headgear in order to determine the effects of laundering on sizing, fit and appearance...

  16. Designing New Money

    DEFF Research Database (Denmark)

    Bjerg, Ole

    The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with exist-ing forms of money. This paper evaluates three different scenarios for the imple-mentation of CBDC in terms of their monetary policy...... implications. In the ‘money user scenario’ CBDC co-exists with both cash and commercial bank deposits. In the ‘money manager scenario’ cash is abolished and CBDC co-exists only with commer-cial bank deposits. And in the ‘money maker scenario’ commercial bank deposits are abolished and CBDC co-exist only...... with cash. The evaluation is based on an adaption of the classical international monetary policy trilemma to a domestic monetary sys-tem with multiple forms of money. Our proposition is that a monetary system with two competing money creators, the central bank and the commercial banking sec-tor, can...

  17. Recovery and money management.

    Science.gov (United States)

    Rowe, Michael; Serowik, Kristin L; Ablondi, Karen; Wilber, Charles; Rosen, Marc I

    2013-06-01

    Social recovery and external money management are important approaches in contemporary mental health care, but little research has been done on the relationship between the two or on application of recovery principles to money management for people at risk of being assigned a representative payee or conservator. Out of 49 total qualitative interviews, 25 transcripts with persons receiving Social Security insurance or Social Security disability insurance who were at risk of being assigned a money manager were analyzed to assess the presence of recognized recovery themes. The recovery principles of self-direction and responsibility were strong themes in participant comments related to money management. Money management interventions should incorporate peoples' recovery-related motivations to acquire financial management skills as a means to direct and assume responsibility for one's finances. Staff involved in money management should receive training to support client's recovery-related goals. (PsycINFO Database Record (c) 2013 APA, all rights reserved).

  18. Recovery and Money Management

    Science.gov (United States)

    Rowe, Michael; Serowik, Kristin L.; Ablondi, Karen; Wilbur, Charles; Rosen, Marc I.

    2014-01-01

    Objective Social recovery and external money management are important approaches in contemporary mental health care, but little research has been done on the relationship between the two or on application of recovery principles to money management for people at risk of being assigned a representative payee or conservator. Methods Twenty-five transcripts out of forty-nine total qualitative interviews with persons receiving SSI or SSDI who were at risk of being assigned a money manager were analyzed to assess the presence of recognized recovery themes. Results The recovery principles of self-direction and responsibility were strong themes in participant comments related to money management. Conclusions and Implications for Practice Money management interventions should incorporate peoples’ recovery-related motivations to acquire financial management skills as a means to direct and assume responsibility for one’s finances. Staff involved in money management should receive training to support client’s recovery-related goals. PMID:23750764

  19. Money and Design

    OpenAIRE

    Artur Borcuch

    2015-01-01

    The purpose of this article is to analyze the influence of the money design on willingness to make purchases. In this paper, we focus on three aspects that structure the relation between money and design: the link between design and finance (in general), determinants of design and perspective of currency design. The main research problem explored in this paper is: Does the money design have influence on the willingness to make purchases by employees/employers at design studios, design student...

  20. Money is privacy

    OpenAIRE

    Kahn, Charles M.; McAndrews, James; Roberds, William

    2004-01-01

    An extensive literature in monetary theory has emphasized the role of money as a record-keeping device. Money assumes this role in situations where using credit would be too costly, and some might argue that this role will diminish as the cost of information, and thus the cost of credit-based transactions, continues to fall. ; In this paper we investigate another use for money: the provision of privacy. That is, a money purchase does not identify the purchaser while a credit purchase does. In...

  1. Laundering durable antibacterial cotton fabrics grafted with pomegranate-shaped polymer wrapped in silver nanoparticle aggregations

    Science.gov (United States)

    Liu, Hanzhou; Lv, Ming; Deng, Bo; Li, Jingye; Yu, Ming; Huang, Qing; Fan, Chunhai

    2014-08-01

    To improve the laundering durability of the silver functionalized antibacterial cotton fabrics, a radiation-induced coincident reduction and graft polymerization is reported herein where a pomegranate-shaped silver nanoparticle aggregations up to 500 nm can be formed due to the coordination forces between amino group and silver and the wrapping procedure originated from the coincident growth of the silver nanoparticles and polymer graft chains. This pomegranate-shaped silver NPAs functionalized cotton fabric exhibits outstanding antibacterial activities and also excellent laundering durability, where it can inactivate higher than 90% of both E. coli and S. aureus even after 50 accelerated laundering cycles, which is equivalent to 250 commercial or domestic laundering cycles.

  2. China's 'Hot Money' Problems

    National Research Council Canada - National Science Library

    Martin, Michael F; Morrison, Wayne M

    2008-01-01

    .... The recent large inflow of financial capital into China, commonly referred to as "hot money," has led some economists to warn that such flows may have a destabilizing effect on China's economy...

  3. Time, money, and morality.

    Science.gov (United States)

    Gino, Francesca; Mogilner, Cassie

    2014-02-01

    Money, a resource that absorbs much daily attention, seems to be involved in much unethical behavior, which suggests that money itself may corrupt. This research examined a way to offset such potentially deleterious effects-by focusing on time, a resource that tends to receive less attention than money but is equally ubiquitous in daily life. Across four experiments, we examined whether shifting focus onto time can salvage individuals' ethicality. We found that implicitly activating the construct of time, rather than money, leads individuals to behave more ethically by cheating less. We further found that priming time reduces cheating by making people reflect on who they are. Implications for the use of time primes in discouraging dishonesty are discussed.

  4. Can Money Buy HAPPINESS?

    National Research Council Canada - National Science Library

    Anna Tereshina

    2017-01-01

    ... Kahneman, that threshold for the United States is $75,000-though in some countries this figure might be lower or higher. So can money buy happiness? Just for fun, F&D asked a cross section of people in five countries that question and what they'd do if they suddenly got a big chunk of money. JASPREET SETHIIndependent Financial Consultant New Delhi, In...

  5. The topology of card transaction money flows

    Science.gov (United States)

    Zanin, Massimiliano; Papo, David; Romance, Miguel; Criado, Regino; Moral, Santiago

    2016-11-01

    Money flow models are essential tools to understand different economical phenomena, like saving propensities and wealth distributions. In spite of their importance, most of them are based on synthetic transaction networks with simple topologies, e.g. random or scale-free ones, as the characterisation of real networks is made difficult by the confidentiality and sensitivity of money transaction data. Here, we present an analysis of the topology created by real credit card transactions from one of the biggest world banks, and show how different distributions, e.g. number of transactions per card or amount, have nontrivial characteristics. We further describe a stochastic model to create transactions data sets, feeding from the obtained distributions, which will allow researchers to create more realistic money flow models.

  6. Saving Money and Time with Virtual Server

    CERN Document Server

    Sanders, Chris

    2006-01-01

    Microsoft Virtual Server 2005 consistently proves to be worth its weight in gold, with new implementations thought up every day. With this product now a free download from Microsoft, scores of new users are able to experience what the power of virtualization can do for their networks. This guide is aimed at network administrators who are interested in ways that Virtual Server 2005 can be implemented in their organizations in order to save money and increase network productivity. It contains information on setting up a virtual network, virtual consolidation, virtual security, virtual honeypo

  7. Money illusion and coordination failure

    DEFF Research Database (Denmark)

    Fehr, Ernst; Tyran, Jean-Robert

    2007-01-01

    Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inferior equilibrium; however, if we lift the veil of money...... by representing payoffs in real terms, the Pareto efficient equilibrium is selected. We also show that strategic uncertainty about the other players' behavior is key for the equilibrium selection effects of money illusion: even though money illusion vanishes over time if subjects are given learning opportunities...... in the context of an individual optimization problem, powerful and persistent effects of money illusion are found when strategic uncertainty prevails...

  8. Private Money, Public Good

    Science.gov (United States)

    Kelly, Andrew P.; McShane, Michael Q.

    2013-01-01

    It's no secret that states and the federal government have found themselves in a financial pinch when it comes to higher education. After years of recession and sluggish recovery, states have slashed per-pupil public spending on higher education by 14.6 percent since 2008. At the federal level, though money for Pell Grants has more than doubled…

  9. Money or Education?

    DEFF Research Database (Denmark)

    Rytter, Mikkel

    2011-01-01

    of the Danish labour market during the late 1970s and 1980s pushed them into two different long-term strategies of money or education respectively. This created a split in the Pakistani community between educated and non-educated families and shaped the second generation’s way of life in terms of, for example...

  10. The "Free Money" Game.

    Science.gov (United States)

    Wilson, Carrie; Garner, Barbara

    1986-01-01

    The Free Money Game is a group activity designed to: (1) familiarize refugee students with the purpose of public assistance, which is to maintain recipients at a survival level for a limited time; and (2) make students aware of the lack of options open to welfare recipients, the depersonalization associated with the bureaucracy, and the insecurity…

  11. Free Money, Free Stuff!

    Science.gov (United States)

    Koss, Linda

    2003-01-01

    Provides information on "free money" books so that librarians can help patrons seeking resources for financial help. Discusses where to find information on federal government grants; funding sources for home loans and business start-ups; and health care resources. Lists several publications that may be helpful resources of financial aid.…

  12. Competing for Criminal Money

    NARCIS (Netherlands)

    Rawlings, G.; Unger, B.

    2005-01-01

    To compete for criminal money by means of low bank secrecy seems a tempting strategy for countries in order to attract additional funds. We show in a model that this “Seychelles-strategy” can increase national output, in particular if a country takes a (Stackelberg ) leadership in the competition

  13. The Eloquence of Money

    Science.gov (United States)

    Parini, Jay

    2009-01-01

    After more than three decades of telling students that, unlike fiction, poetry is detached from the world of commerce, floating in a zone where certain pressures, including money, do not obtain, the author has begun to rethink his stance. Although poetry yields no cash in a literal sense, poets talk metaphorically about "banking" poems, allowing…

  14. Redefining the money market

    African Journals Online (AJOL)

    Abstract. The money market has traditionally been defined as the market for marketable short-term securities. It has deep historical roots. Today, it is not an illuminating definition. The genesis of interest rates, which is the quintessence of monetary policy implementation, does not originate in market for marketable short-term ...

  15. Recognizing Potential Buprenorphine Medication Misuse: Product Packaging Does Not Degrade With Laundering.

    Science.gov (United States)

    Gunderson, Erik W

    2015-01-01

    Expanded office-based buprenorphine opioid dependence treatment is associated with medication misuse and diversion consequences. Recurrent early refill requests may indicate misuse or diversion, although further research is needed on how to effectively recognize and address the issue in clinical practice. In the current study, patient report of damaged medication from laundering prompted evaluation of laundering on degradation of buprenorphine-containing product packages and contents. Four buprenorphine product packaging approaches were assessed: 3 buprenorphine/naloxone placebo demonstration products (Suboxone and Bunavail film in foil wrappers and Zubsolv tablet in a blister pack) and Rexam-manufactured Screw-Loc closure pill container filled with a chewable aspirin as a surrogate for generic buprenorphine and buprenorphine/naloxone products. Two experimental laundering conditions, wash machine alone (W) and washer/dryer (W+D), were compared with unlaundered control (C) condition. Standard laundering settings were based on patient presentation. Products from the 2 experimental conditions and the control condition were labeled A, B, or C with counterbalanced assignment prior to visual examination of packaging and contents by the investigator who was blinded to condition. Packaging and contents remained intact for all products across experimental conditions, with only minor cosmetic effects compared with control. The W+D Suboxone film had 1-2 mm curling of the wrapper corners. Zubsolv blister packs had slight paper label fading (W+D > W). Bunavail W+D foil had an indentation outlining the inner film. The W+D bottle tablet had a ˜1 mm nick on one edge. No other differences were noted. After implementing more structured treatment and reviewing the results with the patient, he endorsed fabricating the laundering story to get additional medication. Laundering is an unlikely cause of damaged buprenorphine-containing medication packaged in foil wrappers (Suboxone

  16. 31 CFR 103.140 - Anti-money laundering programs for dealers in precious metals, precious stones, or jewels.

    Science.gov (United States)

    2010-07-01

    ... market-recognized beauty, rarity, and value, and includes pearl, amber, and coral. (4) Precious metal...) Precious stone means a substance with gem quality market-recognized beauty, rarity, and value, and includes... sales that are not in conformity with standard industry practice. (2) Designate a compliance officer who...

  17. 76 FR 72756 - Finding That the Islamic Republic of Iran Is a Jurisdiction of Primary Money Laundering Concern

    Science.gov (United States)

    2011-11-25

    ... particular special measures would create a significant competitive disadvantage, including any undue cost or... subsidiary in London to its branch in Beirut for the benefit of Hizballah fronts in Lebanon that support acts...\\ In November 2009, First East Export Bank was designated pursuant to E.O. 13382 as a subsidiary and...

  18. 77 FR 31434 - Finding That JSC CredexBank Is a Financial Institution of Primary Money Laundering Concern

    Science.gov (United States)

    2012-05-25

    ... commercial participation, as well as real estate operation.\\47\\ Separately, a global business registry... information, the individual named as Vicpart's beneficial owner has also been identified by global business... for legitimate business purposes in the jurisdiction; and The extent to which such action is...

  19. Moneygrams: Recalled Childhood Memories about Money and Adult Money Pathology

    Directory of Open Access Journals (Sweden)

    Adrian Furnham

    2014-08-01

    Full Text Available In this study 512 adults completed two questionnaires. One questionnaire was devised specifically for this study concerning childhood memories of parental beliefs and behaviours with respect to money (i.e moneygrams/ The second questionnaire established a measure of “money pathology” (Forman, 1987. The moneygram questionnaire was based on clinical cases and idiographic studies on money pathology. Around a fifth of the items showed significant sex differences. Factor analysis highlighted one clear factor, namely “money secrecy” - which was associated with greater levels of spending money pathology in adulthood. In women, but not in men, higher family money secrecy was significantly associated with compensating and hoarding money pathologies. The latter two were not related to income in either men or women. Implications and limitations of these results are considered.

  20. Revolutionary Money. Part One.

    Science.gov (United States)

    Smithsonian Institution, Washington, DC.

    The monetary system in the U.S. colonies was notable because it was based on thin air. The earliest forms of U.S. money were commodities, items that were not just tokens of wealth but had some intrinsic value. In addition to adopting the Indians' use of wampum and furs, the colonists used crops and European-made items such as nails. In 1775, the…

  1. 77 FR 70547 - Financial Crimes Enforcement Network; Proposed Collection; Comment Request; Renewal Without...

    Science.gov (United States)

    2012-11-26

    ... FinCEN Currency Transaction Reports Currently Approved Electronic Data Fields AGENCY: Financial Crimes... 22183, ``Attention: PRA Comments--CTR Database.'' Comments also may be submitted by electronic mail to...-intelligence activities, to protect against international terrorism, and to implement counter-money laundering...

  2. Evaluation of Durability to Laundering of Triclosan and Chitosan on a Textile Substrate

    Directory of Open Access Journals (Sweden)

    Anupama Sargur Ranganath

    2014-01-01

    Full Text Available In a hospital environment, textile substrates have been implicated as a vector in the transmission of disease. To mitigate the harmful spread of disease via textile substrates, an effective measure is treatment of textiles with antimicrobial agents. The current investigation compares one of the most widely used chemically synthesized antimicrobial agents, triclosan with chitosan, a naturally occurring antimicrobial agent. For the study, samples of a common polyester/cotton textile used in hospital settings were treated with triclosan and chitosan based antimicrobial agents. Following treatment, the samples were analyzed for their effectiveness against Staphylococcus aureus and Escherichia coli using standard AATCC Test Methods. The efficacy of the treatment to laundering was then evaluated by subjecting the treated samples to 50 washings and repeating the tests against the challenge microorganisms. Data obtained were statistically analyzed at a 95% confidence interval. Results showed that before laundering both triclosan and chitosan treated samples were extremely effective as antimicrobial agents. After laundering, chitosan was less effective against E.coli but maintained efficacy against S. aureus. The effectiveness of triclosan was not adversely affected after the laundering treatments.

  3. Preparation of antimicrobial MnO4--doped nylon-66 fibers with excellent laundering durability

    Science.gov (United States)

    Zhang, Mingxing; Gao, Qianhong; Yang, Chenguang; Pang, Lijuan; Wang, Honglong; Li, Rong; Xing, Zhe; Hu, Jiangtao; Wu, Guozhong

    2017-11-01

    A highly effective antimicrobial nylon 66 fiber doped with permanganate ions was prepared via a simultaneous irradiation induced graft polymerization. The physicochemical properties of the fibers were carefully characterized by various techniques, including Fourier-transform infrared spectroscopy, scanning electron microscopy, thermogravimetric analysis, and X-ray photoelectron spectroscopy, revealing that permanganate ions (about 1.48 mmol/g) have been successfully loaded onto the surface of the nylon 66 fibers. The antimicrobial activity of the modified nylon 66 fibers against Staphylococcus aureus and Candida albicans were investigated. Accelerated laundering tests and tensile tests were conducted to access the effect of laundering on the antimicrobial activity and the mechanical property of the modified nylon 66 fibers, respectively. All results indicate that we have prepared a new highly effective antimicrobial nylon 66 fiber (almost a 100% reduction in the number of S. aureus and C. albicans colonies). Furthermore, the modified nylon 66 fibers are durable, maintaining antimicrobial resistance after 100 commercial or domestic launderings and retaining its excellent mechanical property during preparation and laundering.

  4. College Students Discount Money "Won" More than Money "Owed"

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam; Terrell, Heather K.

    2010-01-01

    Evidence in the research literature indicates people may treat "won" money differently than they would their own money. The present study had a sample of 648 college students complete a delay-discounting task that involved the hypothetical monetary amounts of $1,000 or $100,000. Participants were asked repeatedly what amount they would…

  5. Follow The Money

    DEFF Research Database (Denmark)

    Batikas, Michail; Claussen, Jörg; Peukert, Christian

    Online copyright enforcement, in the form of either direct action against the supply- side (via website shutdowns) or the demand-side (via individual lawsuits against users), has not been very effective in reducing piracy. Regulators have therefore put forward the so called “follow the money...... collect data on the advertising services associated with a large number of piracy websites and corresponding set of legitimate \\placebo" websites before and after the _rst steps of a self-regulatory effort in the European Union went in place. Preliminary results suggest that advertising services indeed...... reduce their activities on piracy websites, however only those that are most likely to be directly affected by the regulation. We further provide evidence that some advertising services that did not cater to the piracy market before, start to do so { perhaps as a strategic response....

  6. Life Cycle Payback Estimates of Nanosilver Enabled Textiles under Different Silver Loading, Release, And Laundering Scenarios Informed by Literature Review.

    Science.gov (United States)

    Hicks, Andrea L; Gilbertson, Leanne M; Yamani, Jamila S; Theis, Thomas L; Zimmerman, Julie B

    2015-07-07

    Silver was utilized throughout history to prevent the growth of bacteria in food and wounds. Recently, nanoscale silver has been applied to consumer textiles (nAg-textiles) to eliminate the prevalence of odor-causing bacteria. In turn, it is proposed that consumers will launder these items less frequently thus, reducing the life cycle impacts. While previous studies report that laundering processes are associated with the greatest environmental impacts of these textiles, there is no data available to support the proposed shift in consumer laundering behavior. Here, the results from a comprehensive literature review of nAg-textile life cycle studies are used to inform a cradle-to-grave life cycle impact assessment. Rather than assuming shifts in consumer behavior, the impact assessment is conducted in such a way that considers all laundering scenarios to elucidate the potential for reduced laundering to enable realization of a net life cycle benefit. In addition to identifying the most impactful stages of the life cycle across nine-midpoint categories, a payback period and uncertainty analysis quantifies the reduction in lifetime launderings required to recover the impacts associated with nanoenabling the textile. Reduction of nAg-textile life cycle impacts is not straightforward and depends on the impact category considered.

  7. A psychological perspective on money

    NARCIS (Netherlands)

    Bijleveld, E.H.; Aarts, H.A.G.; Bijleveld, E.H.; Aarts, H.A.G.

    2014-01-01

    A thriving field of inquiry, the psychological science of money has recently witnessed an upsurge in research attention. In the present volume, we bring together and integrate a number of theoretical perspectives on the question of ‘how does money affect people’s mind, brain, and behavior?’

  8. Antimicrobial disinfection effect of a laundering procedure for hospital textiles against various indicator bacteria and fungi using different substrates for simulating human excrements.

    Science.gov (United States)

    Fijan, S; Koren, S; Cencic, A; Sostar-Turk, S

    2007-03-01

    Recent studies confirm the increase of nosocomial infections and microbial resistance. One of the possible causes is infected textiles due to inappropriate laundering procedures. Most Slovenian laundries use thermal laundering procedures with high energy and water consumption to disinfect hospital textiles. In addition to this fact, there is an increasing number of hospital textiles composed of cotton/polyester blends that cannot endure high temperatures of thermal disinfection. On the other hand, decreasing the temperature of laundering procedures enhances the possibility of pathogenic microorganisms to survive the laundering procedure. In our research, we determined the antimicrobic laundering effect by simulating a common laundering procedure for hospital textiles in the laboratory washing machine at different temperatures by the use of bioindicators. Enterococcus faecium, Staphylococcus aureus, Mycobacterium terrae, Enterobacter aerogenes, and Pseudomonas aeruginosa were used for determining the antibacterial laundering effect. Candida albicans was used for determining the antifungal laundering effect. Swine blood, artificial sweat, and swine fat were used as substrates for simulating human excrements and were inoculated together with the chosen microorganisms onto cotton pieces to simulate real laundering conditions. It was found that E. faecium, S. aureus, E. aerogenes, and P. aeruginosa survived at 60 degrees C, but no microorganisms were found at 75 degrees C.

  9. Vapor detection of trafficking of contraband money: A discussion of technical feasibility

    Energy Technology Data Exchange (ETDEWEB)

    Dietz, R.N.

    1996-02-01

    For every two pounds of cocaine smuggled into the US, drug traffikers are being forced to clandestinely ship three pounds of money back out for subsequent laundering. Based on tracer technology developed for validation of long-range atmospheric transport models and other commercial applications, it is shown that US currency can be tagged with a minute amount (about 1 ppm by weight of a bill) of perfluorocharbon tracer (PFT) material that is sufficient to last for about 30 years and yet provide a vapor emission rate suitable for detectability of modest caches of contraband money in vehicles at border crossings, on aircraft at international terminals, and in buildings. The cost of tagging is less than $5 per million bills; the taggant quantity should have no impact on the feel of a bill. The low emission rate would not allow detectability of usual amounts of money in typical scenarios, providing an essential degree of privacy, but extraordinary amounts would be detectable using specialized instrumentation and know-how not easily attainable but commercially in production; an example of sub-part-per-quadrillion detection of a proposed PFT taggant is demonstrated using a prototype commercial unit. An outline of a research and demonstration program to achieve this capability and details of the proposed tagging and detection procedures already indicate that the concept is technically feasible.

  10. Follow the money

    Directory of Open Access Journals (Sweden)

    Robbins RA

    2012-01-01

    Full Text Available No abstract available. Article truncated at 150 words. Many years ago there was a Federal whistleblower, Deep Throat, who leaked confidential Government information about the Nixon White House to reporters from the Washington Post. Fans of the book and movie will remember that his famous line was, “Follow the money.” That line came to mind when an article appeared in Health Affairs summarizing the US health care expenditures for 2010 (1. The main gist of the article is that the rate of growth in health care expenditures had slowed to only 3.9% and approximated the slowed growth from 2009 which was 3.8%. Previously the growth had been much larger averaging 7.2% from 2000-8 (2. The article points out that during recession expenditures usually slow but the expected decline in healthcare expenditures usually occurs far after the beginning of the recession. The authors state that the “lagged slowdown in health spending growth from the recent recession occurred more quickly …

  11. Money, Debt, People and Planet

    Directory of Open Access Journals (Sweden)

    Jakob von Uexkull

    2012-10-01

    Full Text Available The widespread failure to understand money creation plays a key role in the current policy impasse. In a world ruled by money, this failure disempowers and prevents serious consideration of alternatives. The key reasons why we are not moving faster in tackling the global crises are, we are told, because it is too expensive, there is not enough money, it is not (yet profitable enough to do etc. Within the current global monetary framework, this is largely true. Therefore, any realistic plan to change course before we are overwhelmed by the inter-linked environmental, social and security threats facing us, is to change this framework to ensure that money becomes our servant again. The current debt crisis offers an opportunity to replace discredited debt-based money created by private banks in their interest with government-created debt-free money benefitting all, which can be used to fund a global emergency programme.“We know now that government by organised money is just as dangerous as government by organised mob.” — President F.D. Roosevelt, 31.10.36“The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending. Why is such privatisation of a public function right and proper, but action by the central bank to meet pressing public need, a road to catastrophe?” — Martin Wolf, ‘Financial Times’, 9.11.10“The obvious way to reduce our public and private debts is to stop having all our money created as debt.” — James Robertson, ‘Future Money’

  12. Understanding the mobile money ecosystem

    DEFF Research Database (Denmark)

    Tobbin, P.

    2011-01-01

    This paper discusses the structure of the new mobile money ecosystem and the roles of its key players. Mobile money is an evolving sector both in volume and in economic impact especially in the developing world. The paper is an exploratory study that investigates the structure of the ecosystem......, providing a foundation for future strategic analysis of the system. We adopt a theoretical insight from Moore's business ecosystem theory to explain the key roles of the actors in the mobile money ecosystem. And also draw extensively from the work of Iansiti and Levien to explain the best strategies...

  13. Real and Money Wage Rates

    OpenAIRE

    John T. Dunlop

    1998-01-01

    In the General Theory, John Maynard Keynes held money and real wage rates move in opposite directions. In expansion, prices increase faster because of increasing costs and a rise in the proportion of product going to profits. Neoclassical economists held similarly. Money illusion of workers supported their common view. The author's 1938 article rather showed a procyclical pattern, significant to macroeconomic models of the economy. Contemporary literature with new elements of compensation and...

  14. How the brain responds to the destruction of money

    DEFF Research Database (Denmark)

    Becchio, Cristina; Skewes, Joshua; Lund, Torben Ellegaard

    2011-01-01

    Is our attitude to money like that to any other tool even though its use is symbolic and is not implemented in its physical structure? Knowledge of the functional use of concrete tools, such as hammers or screwdrivers, has been associated with activation of a left hemisphere network including the...... the higher the value of the banknote. This lends plausibility to a genuinely psychological interpretation of the explanation of money as a tool for parametrically symbolizing exchange.......Is our attitude to money like that to any other tool even though its use is symbolic and is not implemented in its physical structure? Knowledge of the functional use of concrete tools, such as hammers or screwdrivers, has been associated with activation of a left hemisphere network including...

  15. Sigmund Freud and money.

    Science.gov (United States)

    Warner, S L

    1989-01-01

    I have tried to clarify Sigmund Freud's attitude toward money during the different time periods of his life. Most biographers have written that Freud was born into a poor family that later was elevated to the socioeconomic middle class in Vienna. This traditional viewpoint can be supported by various of Freud's letters and writings. A very different viewpoint has been proposed by the well-known American economist, Peter Drucker. As has been noted, his parents knew the Freud family in Vienna where Drucker actually met Freud. Drucker contends that Freud unconsciously misrepresented his parents' financial situation by creating the myth that they lived in poverty. Furthermore, Freud also developed another myth that it was because of the strong anti-Semitism in Vienna that he was so delayed in being appointed a professor of psychiatry. Drucker points out that the majority of the Viennese physicians were Jewish and that Freud's becoming a professor did not entail a delay and was not affected by any anti-Semitism in Vienna. Another area of conflict between Freud and the other Viennese physicians was Freud's refusal to treat any of his psychoanalytic patients without a fee. Freud believed that treating a patient in analysis for free created a transference-countertransference problem that might doom the treatment to failure. Freud's transference explanation for not taking on charity patients did not satisfy many of his Viennese physician colleagues. They believed that Freud was given an opportunity to accept their traditional standards and turned it down. In their eyes, Freud rejected them, they did not reject him. The same reasoning applied to the Viennese physicians' request for some scientific proof of the efficacy of psychoanalysis. Freud could only provide them with anecdotal or testimonial evidence to support psychoanalytic treatment. This placed psychoanalysis in the category of a belief system and not a scientific treatment. Drucker explains Freud's "obsession" with

  16. Bitcoin and Beyond: Exclusively Informational Money

    NARCIS (Netherlands)

    Bergstra, J.A.; de Leeuw, K.

    2013-01-01

    The famous new money Bitcoin is classified as a technical informational money (TIM). Besides introducing the idea of a TIM, a more extreme notion of informational money will be developed: exclusively informational money (EXIM). The informational coins (INCOs) of an EXIM can be in control of an agent

  17. Persistence of DNA from laundered semen stains: Implications for child sex trafficking cases.

    Science.gov (United States)

    Brayley-Morris, Helen; Sorrell, Amber; Revoir, Andrew P; Meakin, Georgina E; Court, Denise Syndercombe; Morgan, Ruth M

    2015-11-01

    In sexual assault cases, particularly those involving internal child sex trafficking (ICST), victims often hide their semen-stained clothing. This can result in a lag time of several months before the items are laundered and subsequently seized during a criminal investigation. Although it has been demonstrated previously that DNA can be recovered from clothing washed immediately after semen deposition, laundered items of clothing are not routinely examined in ICST cases, due to the assumption that the time delay and washing would result in no detectable DNA. The aim of this study was to examine whether viable DNA profiles could be recovered from laundered semen stains where there has been a significant lag time between semen deposition from one or more individuals and one or more washes of the stained clothing. Items of UK school uniform (T-shirts, trousers, tights) were stained with fresh semen (either from a single donor or a 1:1 mixture from two donors) and stored in a wardrobe for eight months. Stained and unstained items (socks) were then washed at 30 °C or 60 °C and with non-biological or biological detergent. DNA samples extracted from the semen-stained sites and from the unstained socks were quantified and profiled. High quantities of DNA, (6-18 μg) matching the DNA profiles of the semen donors, were recovered from all semen-stained clothing that had been laundered once, irrespective of wash conditions. This quantity,and profile quality,did not decline significantly with multiple washes. The two donor semen samples yielded ∼ 10-fold more DNA from the T-shirts than from the trousers. This disparity resulted in the T-shirts yielding a ∼ 1:1 mixture of DNA from the two donors, whereas the trousers yielded a major DNA profile matching only that of the second donor. The quantities of DNA recovered from the unstained socks were an order of magnitude lower, with most of the DNA being attributable to the donor of the semen on the stained clothing within the

  18. ELECTRONIC MONEY: THE ERA TO PERFECTION

    OpenAIRE

    Siyovush Yu. Allakhanov

    2013-01-01

    The article outlines the significance of the transition to the implementation of new types of money, such as electronic money, and predictors of its uprise. And also there are given the various terms of Russian and foreign scholars on the concept of electronic money. It also discusses the approaches to the definition of electronic money and credit cards as an option for payment of electronic money.

  19. Nostalgia Weakens the Desire for Money

    OpenAIRE

    Jannine D. Lasaleta; Constantine Sedikides; Kathleen D. Vohs

    2014-01-01

    Nostalgia has a strong presence in the marketing of goods and services. The current research asked whether its effectiveness is driven by its weakening of the desire for money. Six experiments demonstrated that feeling nostalgic decreased people's desire for money. Using multiple operationalizations of desire for money, nostalgia (vs. neutral) condition participants were willing to pay more for products (experiment 1), parted with more money but not more time (experiment 2), valued money less...

  20. Following the money

    Science.gov (United States)

    Brockmann, Dirk

    2010-02-01

    In 1271 a 17-year-old boy called Marco Polo embarked on an adventure that took him from his hometown of Venice, across Europe, the Middle East and Asia, all the way to Beijing. He returned home 24 years later, having travelled over 24 000 km. A trip of this magnitude was unprecedented in Polo's time; almost 750 years later, he is rightly remembered for it. But what was an exception in medieval Italy is today an everyday occurrence: our 21st-century world is on the move. Every year, more than three billion passengers use the international air-transportation network, flying on a complex web of routes that connects more than 3000 airports worldwide. This global connectivity has made it possible for people to go from virtually any place on the planet to any other within a matter of days.

  1. Burning money with firewalls

    Directory of Open Access Journals (Sweden)

    Ralf C. Staudemeyer

    2015-07-01

    Full Text Available Protecting computing infrastructure is an expensive but necessary task. Companies that run their own computing infrastructure need to constantly vigilant in order to guard against intruders on their networks and groups or individuals that seek to intercept their communications. Companies turn to Firewall and Intrusion Detection System vendors to help them safeguard their information and infrastructure. These companies are putting their faith in expensive devices that attempt to distinguish between friendly and malicious traffic. Despite the expense and complexity of these systems, malicious users seem to find ways to avoid detection and news of massive breaches have become an almost daily occurrence. We propose to fundamentally change the way to look at information security. We highlight some of the fundamental flaws in current systems and expose risks that many experts know, but are not aware of.

  2. Disordered Money Behaviors: Development of the Klontz Money Behavior Inventory

    Directory of Open Access Journals (Sweden)

    Brad T Klontz

    2012-06-01

    Full Text Available Much of the existing literature on financial behavior focuses on basic money management tasks (e.g., balancing a checkbook. However, it can be equally important to identify problematic financial behaviors that can sabotage one’s financial health. The purpose of this study was to create an assessment tool that can be used by mental health and financial professionals to identify disordered money behaviors that may impede on progress towards one’s financial goals. This study asked 422 respondents to indicate their agreement with disordered money behaviors, including compulsive buying, pathological gambling, compulsive hoarding, workaholism, financial enabling, financial dependence, financial denial, and financial enmeshment, which were correlated with demographic characteristics and financial outcomes. The results identified eight subscales derived from 68 disordered money behavior items. All eight subscales were found to have high reliability in measuring disordered behaviors, and six were associated with negative financial health indicators (e.g. less net worth, less income, and/or more revolving credit.

  3. Moneta e quasi-moneta. (Money and quasi-money

    Directory of Open Access Journals (Sweden)

    F. CESARANO

    2013-12-01

    Full Text Available L'analisi della definizione degli aggregati monetari ha avuto un ruolo di primo piano nel dibattito sul denaro negli anni Sessanta e la prima metà degli anni Settanta . I problemi connessi con il rapporto tra denaro e quasi- denaro ha importanti implicazioni per i vari aspetti fondamentali della teoria monetaria e della politica monetaria . In Italia , per motivi legati alla peculiarità del  quadro istituzionale , il problema in questione non ha ricevuto molta attenzione . Solo di recente , a seguito della diffusione di strumenti di mercato monetario ,  molti partiti hanno sollevato la questione per quanto riguarda l'inclusione di questi strumenti nella definizione dello stock del denaro . Dopo aver spiegato la natura del problema , il presente lavoro fornisce un'analisi empirica della questione .The analysis of the definition of monetary aggregates has had a leading role in the debate on money in the sixties and the first half of the seventies. The problems associated with the relationship between money and quasi-money has important implications for various fundamental aspects of monetary theory and monetary policy. In Italy, for reasons related to the peculiar institutional framework, the issue in question has not received much attention. Only recently, as a result of the diffusion of money market instruments, have many parties raised the question regarding the inclusion of these instruments in the definition of the stock of money. After explaining the nature of the problem, the present work provides an empirical analysis of the issue.JEL: E42, E52

  4. Spending money on others promotes happiness.

    Science.gov (United States)

    Dunn, Elizabeth W; Aknin, Lara B; Norton, Michael I

    2008-03-21

    Although much research has examined the effect of income on happiness, we suggest that how people spend their money may be at least as important as how much money they earn. Specifically, we hypothesized that spending money on other people may have a more positive impact on happiness than spending money on oneself. Providing converging evidence for this hypothesis, we found that spending more of one's income on others predicted greater happiness both cross-sectionally (in a nationally representative survey study) and longitudinally (in a field study of windfall spending). Finally, participants who were randomly assigned to spend money on others experienced greater happiness than those assigned to spend money on themselves.

  5. Is Ethical Money Financially Smart?

    NARCIS (Netherlands)

    Renneboog, L.D.R.; Ter Horst, J.R.; Zhang, C.

    2006-01-01

    Little is known about how investors select socially responsible investment (SRI) funds.Investors in SRI funds may care more about social or ethical issues in their investment decisions than about fund performance.This paper studies the money-flows into and out of the SRI funds around the world.We

  6. Reliability Analysis of Money Habitudes

    Science.gov (United States)

    Delgadillo, Lucy M.; Bushman, Brittani S.

    2015-01-01

    Use of the Money Habitudes exercise has gained popularity among various financial professionals. This article reports on the reliability of this resource. A survey administered to young adults at a western state university was conducted, and each Habitude or "domain" was analyzed using Cronbach's alpha procedures. Results showed all six…

  7. Is Ethical Money Financially Smart?

    NARCIS (Netherlands)

    Renneboog, L.D.R.; Ter Horst, J.R.; Zhang, C.

    2006-01-01

    Abstract: Little is known about how investors select socially responsible investment (SRI) funds. Investors in SRI funds may care more about social or ethical issues in their investment decisions than about fund performance. This paper studies the money-flows into and out of the SRI funds around the

  8. Making ‘Making Money'

    DEFF Research Database (Denmark)

    Bjerg, Ole; Dunne, Stephen

    2015-01-01

    Stephen Dunne recently sat down with Ole Bjerg to chair a discussion about his new book Making Money: The Philosophy of Crisis Capitalism (Verso, 2014). We publish an elaborated version of the book’s concluding chapter – ‘Life after Debt’ – within this special issue. This interview and question...

  9. Money Marries Money - Intergenerational Top Household Income Mobility in Denmark

    DEFF Research Database (Denmark)

    Bonke, Jens; Hussain, M. Azhar; Munk, Martin David

    2016-01-01

    This paper describes intergenerational earnings and income mobility among top-income households in Denmark. Access to administrative registers allowed us to look at very small fractions of the populations, and to distinguish between sons and daughters and to observe their spouses’ incomes. At the....... At the top of the income distribution we find a correlation of 0.763 between father and mother’s pooled income and that of their son and daughter-in-law’s pooled income, which indicates that money marries money.......This paper describes intergenerational earnings and income mobility among top-income households in Denmark. Access to administrative registers allowed us to look at very small fractions of the populations, and to distinguish between sons and daughters and to observe their spouses’ incomes...

  10. Does Money Buy Economic Value Or Happiness?

    National Research Council Canada - National Science Library

    Kelly Kiyeon Lee; Min Zhao; Ying Zhao

    2015-01-01

      We find that when money is highlighted (vs. not), consumers tend to choose more consumption units than what they are actually able to consume because money prompts consumers to think about the economic value of consumption...

  11. A Theoretical Approach to Electronic Money

    OpenAIRE

    Nadia Piffaretti

    1998-01-01

    The paper proposes an analysis of money which starts from electronic money. In open contradiction to the traditional approach, characterized by a general lack of interest by theoreticians towards payment system issues, the paper argues that analysis of the distinctive characteristics of electronic money is bound to contribute to received monetary theory. After indicating the distinguishing properties of electronic money (which derive entirely from its technical features), the paper outlines t...

  12. THE ORIGINS AND NATURE OF MONEY

    Directory of Open Access Journals (Sweden)

    Mihaela IAVORSCHI

    2014-06-01

    Full Text Available The importance of money and the role they hold in the economy can be seen as the keystone of economic life. For a better understanding of the essence of the monetary phenomena it is especially important to turn to history and see how money was born. By turning to their origins, we discover the real fundaments of monetary issues. Only after such a systematic analysis we will be able to suggest the appropriate solutions for the current monetary issues. Therefore, in this study I will research the origin of money and their functionality on the market.The aim of this paper is to analyse the origin of money as a social institution. The appearance and use of money has prehistoric roots. People have turned to the usage of money out of need to facilitate trade. During thousands of years money has known different forms going from money as merchandise, to coins and later to paper money and electronic currency. In this study I have analysed the role of natural money, as well as their production and functionality on the market. The main questionto be answered is whether the production and functionality of paper money nowadays is the consequence of the free market, having the Austrian’s School liberal perspective as a starting point. This methodological approach demonstrates that money is and will remain a social institution and the implication of the authorities in the currency issuing, even from ancient times, has caused distortions in the economic activity.

  13. Young Person's Guide to Managing Money.

    Science.gov (United States)

    Tyson, Harriet

    This booklet gives young people who are just starting out on their own with a small income the information they need to manage their money. The following topics are discussed: how individuals can determine how much money they will have to live on; how to read a pay stub; Social Security and the future; the importance of putting money in the bank…

  14. Your Money and the Federal Reserve System.

    Science.gov (United States)

    Federal Reserve Bank of Minneapolis, Minn.

    The booklet explores various roles which money has played throughout history and examines the relationship between money and the Federal Reserve System. The major objective is to increase understanding of the performance of various functions such as making money work as a medium of exchange and as a measure of value and of storing value for future…

  15. Teaching Children How To Handle Money.

    Science.gov (United States)

    McKitric, Eloise J.

    The process of money management should be taught as soon as the child becomes aware of money, usually as early as ages 3 or 4. At this level, teaching may be in the form of explaining the difference between the value of a nickel and a dime. Money management training often begins with the allocation of an allowance. Parents are advised not to link…

  16. Does money matter in inflation forecasting?

    Science.gov (United States)

    Binner, J. M.; Tino, P.; Tepper, J.; Anderson, R.; Jones, B.; Kendall, G.

    2010-11-01

    This paper provides the most fully comprehensive evidence to date on whether or not monetary aggregates are valuable for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money, including different methods of aggregation and different collections of included monetary assets. In our forecasting experiment we use two nonlinear techniques, namely, recurrent neural networks and kernel recursive least squares regression-techniques that are new to macroeconomics. Recurrent neural networks operate with potentially unbounded input memory, while the kernel regression technique is a finite memory predictor. The two methodologies compete to find the best fitting US inflation forecasting models and are then compared to forecasts from a naïve random walk model. The best models were nonlinear autoregressive models based on kernel methods. Our findings do not provide much support for the usefulness of monetary aggregates in forecasting inflation. Beyond its economic findings, our study is in the tradition of physicists’ long-standing interest in the interconnections among statistical mechanics, neural networks, and related nonparametric statistical methods, and suggests potential avenues of extension for such studies.

  17. Money and trust among strangers.

    Science.gov (United States)

    Camera, Gabriele; Casari, Marco; Bigoni, Maria

    2013-09-10

    What makes money essential for the functioning of modern society? Through an experiment, we present evidence for the existence of a relevant behavioral dimension in addition to the standard theoretical arguments. Subjects faced repeated opportunities to help an anonymous counterpart who changed over time. Cooperation required trusting that help given to a stranger today would be returned by a stranger in the future. Cooperation levels declined when going from small to large groups of strangers, even if monitoring and payoffs from cooperation were invariant to group size. We then introduced intrinsically worthless tokens. Tokens endogenously became money: subjects took to reward help with a token and to demand a token in exchange for help. Subjects trusted that strangers would return help for a token. Cooperation levels remained stable as the groups grew larger. In all conditions, full cooperation was possible through a social norm of decentralized enforcement, without using tokens. This turned out to be especially demanding in large groups. Lack of trust among strangers thus made money behaviorally essential. To explain these results, we developed an evolutionary model. When behavior in society is heterogeneous, cooperation collapses without tokens. In contrast, the use of tokens makes cooperation evolutionarily stable.

  18. Electronic money in russia: current state and problems of development

    Directory of Open Access Journals (Sweden)

    T. G. Bondarenko

    2016-01-01

    Full Text Available Article is devoted to urgent problems of non-cash methods of calculation development by using electronic money – as one of the modern economically developed state strategic tasks. On modern economic science strong influence appears informatization process. The control expansion tendency, influence and distribution of commerce due to informatization of society led to emergence of the new phenomenon – information economy. Information economy brought new economic events which owing to their novelty are insufficiently studied to life. It is possible to carry electronic money to such phenomena of modern network economy Relevance and, in our opinion, timeliness of this scientific work, consisting in novelty of this non-cash payment method, its prospects and innovation within non-cash methods of calculations. Authors set as the purpose – studying of problems and the prospects of development of electronic money in the Russian Federation. In article theoretical bases of electronic money functioning are described. Determinations and classifications dismissed non-cash a method, and also the principles of electronic money functioning are considered, the questions of their historical development are raised.Authors analyzed statistical data on development of electronic services and channels of their using. Features, benefits and shortcomings of the current state of the market of electronic money are studied. The emphasis on that fact that in modern conditions considerable number of economic actors perform the activities, both in the real environment of economy, and within the virtual environment that promotes expansion of methods of their customer interaction by means of technical devices of personal computers, mobile phones is placed. In article common problems and tendencies of payments with using an electronic money are designated, the research on assessment of the current state and the prospects of electronic money

  19. Big Money: The Effect of Money Size on Value Perceptions and Saving Motivation.

    Science.gov (United States)

    Peetz, Johanna; Soliman, Monica

    2016-01-28

    Motivated perception has been shown to affect people's estimates of money (e.g., perceiving coins as larger than real size). In the present research, we examine whether simply varying the size of a picture of money can affect its perceived value and subsequent decisions. Participants presented with a picture of money enlarged by 15% perceived the depicted money as more valuable compared with those seeing a real-size picture (Study 1). When told to imagine their own cash and banked money in the depicted form, participants presented with a picture enlarged by 15% felt more subjectively wealthy and reported fewer intentions to conserve their money compared with those seeing a real-size picture of the same money (Study 2). Together, these studies suggest that judgments about money and even attitudes toward personal spending can be influenced by manipulating the size of a picture of money. © The Author(s) 2016.

  20. Anthropological perspectives on money management: considerations for the design and implementation of interventions for substance abuse.

    Science.gov (United States)

    Carpenter-Song, Elizabeth

    2012-01-01

    There remains a long-standing argument regarding the need for money management strategies to control poor spending habits among people with substance use disorders. The objective was to review issues relevant to the design and implementation of money-management-based interventions for substance abuse. Using a comparative, cross-cultural framework of anthropology, this manuscript examines three challenges for the design and implementation of money management interventions for substance abuse: (i) clients may not trust mental health centers to manage their money, (ii) clients may have different economic perspectives from clinicians and researchers, and (iii) clients may obtain substances through informal networks of exchange. This article clarifies the inherently complex symbolic and social dimensions of money and addiction and illustrates the need for researchers and clinicians to be mindful of the cultural assumptions that underlie money management interventions for substance abuse. Using an anthropological approach toward understanding the issues surrounding money management for individuals struggling with addiction and mental illness has the potential to strengthen the design and implementation of money-management-based interventions in a manner that is acceptable and meaningful for this target population.

  1. Wall Street: money never sleeps : Motion picture (2010)

    OpenAIRE

    Lauri Lucente, Gloria; Buhagiar, Celaine

    2011-01-01

    The Social Network : Harvard student Mark Zuckerberg creates the social networking site that would become known as Facebook, but is later sued by two brothers who claimed he stole their idea, and the cofounder who was later squeezed out of the business. Wall Street: money never sleeps : Now out of prison but still disgraced by his peers, Gordon Gekko works his future son-in-law, an idealistic stock broker, when he sees an opportunity to take down a Wall Street enemy and rebuild his empire.

  2. Diverging Influences of Money Priming on Choice.

    Science.gov (United States)

    Kim, Hee Jin

    2017-01-01

    Prior research on money priming has suggested two seemingly contradicting findings. On the one hand, money has been shown to highlight the importance of cost saving, leading to the choice of a low-quality/low-price option. On the other hand, individuals primed with money as a symbol of social status, and capabilities may focus on social value of money, e.g., higher spending symbolizes higher status and prefer an option with high quality/high price. Current research proposes and demonstrates that whether money priming will lead different choices depends on the nature of the consumption context. Specifically, when the product is to be consumed privately, money priming will highlight the importance of cost, thus increasing the preference for lower price at a lower quality. However, when the product is to be consumed publicly, reversed pattern of consumer preference will be found.

  3. Stability of Money Demand Function in Pakistan

    Directory of Open Access Journals (Sweden)

    Haroon Sarwar

    2013-09-01

    Full Text Available The role, which money demand function plays in monetary policy formulation has attracted a lot of research studies to analyze this macroeconomic phenomenon. In the wake of current global and local economic and political upheavals, it is imperative to revisit the stability of money demand function. The study used the time series data and applied latest econometric techniques to find out the long run and short run money demand relationship. Moreover, all the three official monetary aggregates were used for finding out the most stable monetary demand relationship, which could provide correct signals for monetary policy formulation. The study found that broader monetary aggregate (M2 was the proper aggregate, which provided stable money demand function for Pakistan. The real GDP was positively related to the demand for real balances, while opportunity cost of money was negatively related. The study found that the role of financial innovation, in explaining the demand for money warrants attention in formulating monetary policy.

  4. The Classification of Virtual Currencies and Mobile Payments in terms of the Old and New European Anti-Money Laundering Frameworks

    NARCIS (Netherlands)

    Kaiser, Carolin; Gimigliano, Gabriella

    2016-01-01

    Both virtual currencies and mobile payments are rapidly growing, novel developments in the global payments industry. These developments create challenges for regulators when it comes to fitting the new technology into the old legal framework. In some cases, the legal framework has to be amended to

  5. HealthSouth's most wanted. Founder and former chairman and CEO Richard Scrushy is indicted for 85 counts of conspiracy, fraud and money laundering.

    Science.gov (United States)

    Piotrowski, Julie

    2003-11-10

    Wake-up call for the industry or an isolated case of corporate chicanery? Healthcare experts are divided on the import of Richard Scrushy's indictment on 85 counts last week in connection with the financial scandal at HealthSouth Corp. The indictment alleges the company founder relied on electronic and telephone surveillance, threats and intimidation to control his accomplices.

  6. Money and capital: a quantitative analysis

    OpenAIRE

    S. Boragan Aruoba; Christopher J. Waller; Randall Wright

    2009-01-01

    We study the effects of money (anticipated inflation) on capital formation. Previous papers on this topic adopt reduced-form approaches, putting money in the utility function or imposing cash in advance, but use otherwise frictionless models. We follow a literature that is more explicit about the frictions making money essential. This introduces several new elements, including a two-sector structure with centralized and decentralized markets, stochastic trading opportunities, and bargaining. ...

  7. Money Demand Features in CEE Countries

    Directory of Open Access Journals (Sweden)

    Valentina-Ioana MERA

    2016-01-01

    Full Text Available The existence of a stable relationship between money demand and its determinants is important for the efficiency of monetary policy. In this paper we carried a preliminary analysis on the variables that can influence money demand in five Central and Eastern European countries (Bulgaria, Czech Republic, Hungary, Poland and Romania in order to determine which characteristics define the evolution of money demand and its determinants, and how volatile they are. The results indicate a number of similarities in terms of monetary development and also suggest that some additional variables that may influence money demand in this specific sample.

  8. Work for Passion or Money?

    DEFF Research Database (Denmark)

    Bille, Trine; Løyland, Knut; Holm, Anders

    2017-01-01

    adds to the literature by estimating the significance of these various income sources on the time allocated to arts work, non-arts work, and leisure. The results provide convincing evidence for the work-preference model, and ad hoc evidence shows that art grants have a significant positive effect......This paper assesses the relative impact of work for money or work for passion on Norwegian artists by examining artists’ labor supply. Our contribution is twofold. The first is to test the work-preference model and the second is to investigate the impact of arts grants on artists’ labor supply....... The empirical specification draws two distinctions: between arts and non-arts income and between labor and non-labor income. Non-labor income is divided into three different sources: (1) spouse's income, (2) income from financial assets and social benefits, and (3) arts grants and subsidies. Our contribution...

  9. Comprehensive examination of conventional and innovative body fluid identification approaches and DNA profiling of laundered blood- and saliva-stained pieces of cloths.

    Science.gov (United States)

    Kulstein, G; Wiegand, P

    2018-01-01

    Body fluids like blood and saliva are commonly encountered during investigations of high volume crimes like homicides. The identification of the cellular origin and the composition of the trace can link suspects or victims to a certain crime scene and provide a probative value for criminal investigations. To erase all traces from the crime scene, perpetrators often wash away their traces. Characteristically, items that show exposed stains like blood are commonly cleaned or laundered to free them from potential visible leftovers. Mostly, investigators do not delegate the DNA analysis of laundered items. However, some studies have already revealed that items can still be used for DNA analysis even after they have been laundered. Nonetheless, a systematical evaluation of laundered blood and saliva traces that provides a comparison of different established and newly developed methods for body fluid identification (BFI) is still missing. Herein, we present the results of a comprehensive study of laundered blood- and saliva-stained pieces of cloths that were applied to a broad range of methods for BFI including conventional approaches as well as molecular mRNA profiling. The study included the evaluation of cellular origin as well as DNA profiling of blood- and saliva-stained (synthetic fiber and cotton) pieces of cloths, which have been washed at various washing temperatures for one or multiple times. Our experiments demonstrate that, while STR profiling seems to be sufficiently sensitive for the individualization of laundered items, there is a lack of approaches for BFI with the same sensitivity and specificity allowing to characterize the cellular origin of challenging, particularly laundered, blood and saliva samples.

  10. Money, Markets and Social Power

    Directory of Open Access Journals (Sweden)

    Garry Jacobs

    2016-05-01

    Full Text Available The future science of Economics must be human-centered, value-based, inclusive, global in scope and evolutionary in perspective. It needs to be fundamentally interdisciplinary to reflect the increasingly complex sectoral interconnections that characterize modern society. It must also be founded on transdisciplinary principles of social existence and human development that constitute the theoretical foundation for all the human sciences. This paper examines three fundamental aspects of modern economy to illustrate the types of issues and perspectives relevant to a reformulation of Economics framed within a broader political, social, cultural, psychological and ecological context. It examines the social forces responsible for the present functioning of economies, which can be effectively addressed and controlled only when they are made conscious and explicit. Whatever the powers that have shaped its development in the past, the rightful aim of economic science is a system of knowledge that promotes the welfare and well-being of all humanity. Markets and money are instruments for the conversion of social potential into social power. They harness the power of organization to transform human energies into the capacity for social accomplishment. The distribution of rights and privileges in society determines how these social institutions function and who benefits. Freedom means access to social power and is only possible in the measure all forms of that power—political, economic and social—are equitably distributed. The current system is inherently biased in favor of privileged elites reinforcing domination by the more powerful. The emergence of the individual is the vanguard of social evolution and the widest manifestation of creative individuality is its pinnacle. This emergence can only be fully achieved in conditions of freedom and equality. Economic theory needs to make explicit the underlying forces determining the distribution of power and

  11. John Hull and the Money Culture

    Science.gov (United States)

    Attfield, David

    2008-01-01

    John Hull's recent educational writings have included several on what he calls the "money culture". This is analysed and criticised in this article. Hull offers a Marxist and a neo-Marxist account of the role of money in western societies utilising the labour theory of value, false consciousness and the materialist interpretation of history. It is…

  12. Mobile Money and Local Development | IDRC - International ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    ... regulators with a systematic understanding of the potential benefits and drawbacks of mobile money from a local development perspective. The model will be tested in a nationwide initiative currently being implemented in Uruguay, and shared with teams presently implementing socially-motivated mobile money initiatives ...

  13. Electronic Money and Efficient Payment System

    OpenAIRE

    本西, 泰三

    2001-01-01

    The advances in information technology are expected to have a large impact on payment systems. This paper shows the characters of electronic money as a media of exchange and what type of electronic money is appropriate to realize efficient payment system.

  14. international money transfer services market in uzbekistan

    International Development Research Centre (IDRC) Digital Library (Canada)

    Kuchkarov

    In 2004 G countries (Canada, France,. Germany, Italy, Japan, Russia, the United. Kingdom and the USA), realizing the whole significance of international money transfers for the world economy, took measures on lowering the expenses for migrating workers, sending money to their children and friends in the Home country.

  15. 'Strange money': risk, finance and socialized debt.

    Science.gov (United States)

    Dodd, Nigel

    2011-03-01

    This paper explores an essential but neglected aspect of recent discussions of the banking and financial system, namely money itself. Specifically, I take up a distinction drawn by Susan Strange which has never been fully elaborated: between a financial system that is global, and an international monetary system that remains largely territorial. I propose a sociological elaboration of this distinction by examining each category, 'finance' and 'money', in terms of its distinctive orientation to risk and debt. Money is distinguished by its high degree of liquidity and low degree of risk, corresponding to expectations that derive from its status as a 'claim upon society'- a form of socialized debt. But as Strange argued, these features of money are being undermined by the proliferation of sophisticated instruments of financial risk management -'strange money'- that, as monetary substitutes, both weaken states' capacity to manage money, and more broadly, contribute to 'overbanking'. The ultimate danger, according to Strange, is the 'death of money'. The paper concludes by exploring the implications of the distinction for sociological arguments about the changing nature of money. © London School of Economics and Political Science 2011.

  16. A Goldsmith Exercise for Learning Money Creation

    Science.gov (United States)

    Pearlman, Sarah; Rebelein, Robert P.

    2013-01-01

    In this article, the authors outline a classroom exercise involving goldsmiths designed to improve undergraduate students' understanding of how banks create money. This concept is important to macroeconomics and money and banking courses, yet students frequently struggle with it, largely due to the nonphysical nature of deposits and reserves.…

  17. Enteric Virus Survival during Household Laundering and Impact of Disinfection with Sodium Hypochlorite▿

    Science.gov (United States)

    Gerba, Charles P.; Kennedy, Denise

    2007-01-01

    This study was conducted to determine whether enteric viruses (adenovirus, rotavirus, and hepatitis A virus) added to cotton cloth swatches survive the wash cycle, the rinse cycle, and a 28-min permanent press drying cycle as commonly practiced in households in the United States. Detergent with and without bleach (sodium hypochlorite) was added to washing machines containing sterile and virus-inoculated 58-cm2 swatches, 3.2 kg of cotton T-shirts and underwear, and a soiled pillowcase designed to simulate the conditions (pH, organic load, etc.) encountered in soiled laundry. The most important factors for the reduction of virus in laundry were passage through the drying cycle and the addition of sodium hypochlorite. Washing with detergent alone was not found to be effective for the removal or inactivation of enteric viruses, as significant concentrations of virus were found on the swatches (reductions of 92 to 99%). It was also demonstrated that viruses are readily transferred from contaminated cloths to uncontaminated clothes. The use of sodium hypochlorite reduced the number of infectious viruses on the swatches after washing and drying by at least 99.99%. Laundering practices in common use in the United States do not eliminate enteric and respiratory viruses from clothes. The use of bleach can further reduce the numbers of enteric viruses in laundry. PMID:17526793

  18. Enteric virus survival during household laundering and impact of disinfection with sodium hypochlorite.

    Science.gov (United States)

    Gerba, Charles P; Kennedy, Denise

    2007-07-01

    This study was conducted to determine whether enteric viruses (adenovirus, rotavirus, and hepatitis A virus) added to cotton cloth swatches survive the wash cycle, the rinse cycle, and a 28-min permanent press drying cycle as commonly practiced in households in the United States. Detergent with and without bleach (sodium hypochlorite) was added to washing machines containing sterile and virus-inoculated 58-cm2 swatches, 3.2 kg of cotton T-shirts and underwear, and a soiled pillowcase designed to simulate the conditions (pH, organic load, etc.) encountered in soiled laundry. The most important factors for the reduction of virus in laundry were passage through the drying cycle and the addition of sodium hypochlorite. Washing with detergent alone was not found to be effective for the removal or inactivation of enteric viruses, as significant concentrations of virus were found on the swatches (reductions of 92 to 99%). It was also demonstrated that viruses are readily transferred from contaminated cloths to uncontaminated clothes. The use of sodium hypochlorite reduced the number of infectious viruses on the swatches after washing and drying by at least 99.99%. Laundering practices in common use in the United States do not eliminate enteric and respiratory viruses from clothes. The use of bleach can further reduce the numbers of enteric viruses in laundry.

  19. Explaining money creation by commercial banks

    DEFF Research Database (Denmark)

    Ravn, Ib

    2015-01-01

    Educators and economists concerned with monetary reform face the extraordinary challenge of explaining to the public and its elected representatives not only what a reformed system would look like, but also how the current system works. Centrally, the point that in a modern economy money is largely...... created by commercial banks, as explained by the Bank of England recently (McLeay, Radia & Thomas, 2014b), is often met with incredulity: “What do you mean, created?” This paper introduces five easy-to-grasp analogies that educators and reformers may use to convey key money-creation concepts to a lay...... audience. The analogies offered include (1) money as patches in an expandable patchwork quilt that covers a nation’s real assets, (2) the money supply as water in a bathtub with a faucet and a drain, (3) money understood as debt in a model economy run by schoolchildren, (4) the misleading concept of a bank...

  20. Time and Money - Are they Substitutes?

    DEFF Research Database (Denmark)

    Bonke, Jens; Deding, Mette; Lausten, Mette

    In this paper, we analyse the distribution of time and money for Danish wage earner couples, where time is defined as leisure time and money as extended income, i.e. the sum of disposable income and the value of housework. The hypothesis is that individuals being rich in one dimension are more...... likely to be poor in the other dimension, such that individuals can be classified as either money-poor/time-rich or money-rich/time-poor. We analyse two different distributions of income, where the first assumes no sharing and the second complete sharing of income between spouses. The data are from...... the Danish Time-Use Survey 2001, merged with register data. Results show that the substitution of money for time is more prominent for women than for men, because they have a larger income share of time-intensive value of housework, while men have the larger share of disposable income. Furthermore, when...

  1. Money and the Quality of Life

    Directory of Open Access Journals (Sweden)

    Luburić Radoica

    2017-09-01

    Full Text Available This paper deals with the influence of money on the quality of life, in the light of the major importance it has on all aspects of our lives. Bearing in mind that money is an everyday, inseperable and unavoidable companion, with all its advantages and power, as well as its numerous challenges, risks and temptations, it inevitably affects all segments of the quality of life. The relation between money and quality of life, therefore, can be viewed not only theoretically, but also at a practical level. In the times we live in, which have been labelled the digital age, with ever increasing change, the key questions which arise are whether and to what extent do people really manage their money, and to what extent does money manage people and their lives, do people own money or does money own people? Although it sounds paradoxical, money causes people financial worries, whether they have it or whether they do not and so can significantly influence their quality of life. Standard macro-economic indicators, traditionally used as measures of the well-being of society, do not always give a real and complete picture of the quality of life, as this encompasses the way of life, as well as the standard of living. The quality of life includes the whole spectrum of factors, not only economic, but also many others which lead to satisfaction, both material and spiritual. These can include financial and material living conditions, employment, health, education, leisure time and social activities, economic and physical safety, human rights and freedoms, protection of the environment and overall life satisfaction. This paper analyses the direct and indirect connections between effective and efficient money management and the aforementioned factors which are decisive in forming the quality of life.

  2. Young people, money, and access to tobacco.

    Science.gov (United States)

    Wong, Grace; Glover, Marewa; Nosa, Vili; Freeman, Becky; Paynter, Janine; Scragg, Robert

    2007-12-14

    The social and family processes involved in children's sources and use of money in relation to buying cigarettes are not well understood. Hence this study investigated how Maori, Pacific Island, European, and Asian school students access cigarettes, with a special focus on their disposable income. Students aged 11-15 years, recruited through schools, participated in 12 focus groups run by ethnically matched senior student facilitators and researchers. Topics discussed included sources of student money, parental monitoring of the use of money and student access to cigarettes. Students reported that young people can easily buy cigarettes from tobacco retailers. They could also be bought cheaply (50 cents for a roll-your-own) and/or on an "I owe you" basis from friends and social suppliers. Students used money from family, and money that was earned, "scabbed", and borrowed from friends. Cigarettes were also obtained freely from family members or from adults on the street. Whilst parents monitored students' use of large amounts of money, participants experienced relative freedom to spend small amounts which they saved out of money provided by parents for lunches and other purposes. Students were open to parental advice on how to use money but felt they should have the final say. Cigarettes continue to be accessible to children free or at affordable prices. Adults and family members must be discouraged from supplying cigarettes to children. Parents should be made aware of the way children use small amounts of money and advised to monitor, educate, and guide them to discourage cigarette purchase.

  3. Money and sociality: Measuring the unmeasurable money as justice, time and usury

    Directory of Open Access Journals (Sweden)

    Janković Zoran

    2016-01-01

    Full Text Available Levinas confirms: a reflection about a money as a social and economical reality is not possible without a serious analysis of empirical data. On the other hand, this reflection always involves something else, so a money is never a merely economical category. In that sense, Levinas proposes an intriguing meditation about some “dimensions” of a money in the western tradition. Contrary to the traditional moral condemnation of a money - which however remains unquestionable because of the fact that a man always carries a risk of becoming a merchandise - Levinas suggests that money never simply means a reification, but always implies some positive dimensions. Levinas suggests that a money is not something morally bad or simply neutral covering human relationships, but rather a condition of human community. Furthermore, he claims that a money is a fundament of the justice. A money makes possible a community, he explains, because it opens up the dimension of the future, and implies the existence of human beings who give themselves a credit; a credit understood as a time and a confidence. We shall try to address some problems implied by this thesis, particularly the problem of the relationship between time, money and credit. Finally, we are going to ask whether this cred­it - inseparable from the very essence of the money - is not always already a sort of usury.

  4. Austria announces new money for research infrastructure and social sciences

    CERN Multimedia

    2008-01-01

    Austria's Minister for Science and Research, Johannes Hahn, has announced funding for research infrastructures and the social sciences, amounting to EUR 6.9 million in total. The largest chunk of the money will go to a new data processing centre for the analysis of data from the European Organisation for Nuclear Research (CERN). The idea is that the new centre will provide Austria with access to the key technology for solving highly complex scientific and technological problems, while strengthening Austria's domestic research infrastructure in the field of 'advanced communication networks'.

  5. Investigation of laundering and dispersion approaches for silica and calcium phosphosilicate composite nanoparticles synthesized in reverse micelles

    Science.gov (United States)

    Tabakovic, Amra

    Nanotechnology, the science and engineering of materials at the nanoscale, is a booming research area with numerous applications in electronic, cosmetic, automotive and sporting goods industries, as well as in biomedicine. Composite nanoparticles (NPs) are of special interest since the use of two or more materials in NP design imparts multifunctionality on the final NP constructs. This is especially relevant for applications in areas of human healthcare, where the use of dye or drug doped composite NPs is expected to improve the diagnosis and treatment of cancer and other serious illnesses. Since the physicochemical properties of NP suspensions dictate the success of these systems in biomedical applications, especially drug delivery of chemotherapeutics, synthetic routes which offer precise control of NP properties, especially particle diameter and colloidal stability, are utilized to form a variety of composite NPs. Formation of NPs in reverse, or water-in-oil, micelles is one such synthetic approach. However, while the use of reverse micelles to form composite NPs offers precise control over NP size and shape, the post-synthesis laundering and dispersion of synthesized NP suspensions can still be a challenge. Reverse micelle synthetic approaches require the use of surfactants and low dielectric constant solvents, like hexane and cyclohexane, as the oil phase, which can compromise the biocompatibility and colloidal stability of the final composite NP suspensions. Therefore, appropriate dispersants and solvents must be used during laundering and dispersion to remove surfactant and ensure stability of synthesized NPs. In the work presented in this dissertation, two laundering and dispersion approaches, including packed column high performance liquid chromatography (HPLC) and centrifugation (sedimentation and redispersion), are investigated for silver core silica (Ag-SiO2) and calcium phosphosilicate (Caw(HxPO4)y(Si(OH)zOa) b · cH2O, CPS) composite NP suspensions

  6. Program Development and Evaluation - Finance / Money Management

    OpenAIRE

    2004-01-01

    Karen Biers: Ca$hing in on Business Opportunities: A Curriculum for Building an Effective Home-Based and Micro Business Educational Program. Susan E. Cosgrove: Statewide Personal Financial Literacy Campaign. Susan Shockey: Financial Education Helps IDA Participants Save Money.

  7. Sex Differences in Money Pathology in the General Population.

    Science.gov (United States)

    Furnham, Adrian; von Stumm, Sophie; Fenton-O'Creevy, Mark

    This study examined sex differences in money beliefs and behaviours. Over 100,000 British participants completed two measures online, one of which assessed "money pathology" (Forman in Mind over money, Doubleday, Toronto, 1987), and the other four "money types", based on the emotional associations of money (Furnham et al. in Personal Individ Differ, 52:707-711, 2012). Nearly all measures showed significant sex differences with medium to large effect sizes, and with females exhibiting more "money pathology" than males. The biggest difference on the money types was on money being associated with generosity (money representing love) where men scored much lower than females, and autonomy (money representing freedom) where men scored higher than women. For men, more than women, money represented Power and Security. Men were more likely to be Hoarders while women did more emotional regulatory purchasing. Implications and limitations of this study are discussed.

  8. New Approach to Explain Neutrality of Money

    OpenAIRE

    Bandura, Alexander

    2017-01-01

    This paper presents a new explanation of neutrality of money in general case, regardless of the duration. It is based on the CMI-model of macroeconomic dynamics, which proposes the fundamental relationship between the efficiency of the use of production resources, money supply, inflation, and dynamics of the economic growth. This relationship is proved empirically by its testing on the examples of two completely different economies (the U.S. and Ukrainian ones). The testing period covers seve...

  9. Does more money buy you more happiness?

    OpenAIRE

    Baucells, M.; Sarin, R. K.

    2007-01-01

    Why do we believe that more money will buy us more happiness (when in fact it does not)? In this paper, we propose a model to explain this puzzle. The model incorporates both adaptation and social comparison. A rational person who fully accounts for the dynamics of these factors would indeed buy more happiness with money. We argue that projection bias, that is, the tendency to project into the future our current reference levels, precludes subjects from correctly calculating the utility obtai...

  10. When Love Meets Money: Priming the Possession of Money Influences Mating Strategies.

    Science.gov (United States)

    Li, Yi Ming; Li, Jian; Chan, Darius K-S; Zhang, Bo

    2016-01-01

    Money is an important factor that influences the development of romantic relationships. The current paper examines how the feeling of having relatively more or less money influences human mating strategies in long-term and short-term mating contexts under the framework of evolutionary psychology. We recruited mainland Chinese college students involved in steady, heterosexual romantic relationships to participate in two experiments. In each study, we experimentally triggered participants' feelings of having relatively more or less money and then examined their thoughts and behaviors related to mating. Results of Study 1 showed that men who were primed to feel that they had relatively more money were less satisfied with their partners' physical attractiveness than those primed to feel that they had less money, suggesting that the subjective feeling of having more or less money may affect men's preferences regarding the physical appearance of a mate in a long-term relationship. Interestingly, this difference was not significant for women. Results of Study 2 indicated that both men and women who were primed to feel that they had relatively more money exhibited a greater "behavioral approach tendency" toward an attractive member of the opposite sex than those primed to feel that they had less money. This finding suggests that people who feel they have relatively more money may have more interest in an attractive alternative than those who feel they have relatively less money. The differences in mating strategies between and within the genders brought about by money support the evolutionary hypothesis that individuals adopt conditional mating strategies in response to environmental conditions. Additionally, the results of experimental studies provide evidence for the causal effects of money on mating strategies. These findings have both conceptual and practical implications for the psychology of evolution and romantic relationships.

  11. The love of money results in objectification.

    Science.gov (United States)

    Wang, Xijing; Krumhuber, Eva G

    2017-06-01

    Objectification, which refers to the treatment of others as objectlike things, has long been observed in capitalism. While the negative impact of money on interpersonal harmony has been well documented, the social cognitive processes that underlie them are relatively unknown. Across four studies, we explored whether the love of money leads to objectification, while controlling for social power and status. In Study 1, the love and importance attached to money positively predicted the tendency to construe social relationships based on instrumentality. In Study 2, the likelihood to favour a target of instrumental use was increased by momentarily activating an affective state of being rich. Temporarily heightening the motivation for money further resulted in deprivation of mental capacities of irrelevant others, including humans (Study 3) and animals (Study 4). This lack of perceived mental states partially mediated the effects of money on subsequent immoral behaviour (Study 4). The findings are the first to reveal the role of objectification as a potential social cognitive mechanism for explaining why money often harms interpersonal harmony. © 2016 The British Psychological Society.

  12. ?????????? ????? ?????????? ?????? ?? ??????????? ????????

    OpenAIRE

    ????????, ?. ?.

    2010-01-01

    ?????????? ????? ?????????? ?????? ?? ??????????? ???????? ?????. ?????????????? ?????????? ????? ?? ????????? ????????, ???????? ?????? ?????????, ??????????????????? ???????? ?? ?? ??????? ????????? ??????. ????????? ?????????? ??? ?????? ???????? ?????????? ?????? ? ????????? ???????????. ???????????? ???????????? ???????????? ???????? ???????? ??????????? ???????, ????????? ? ????????? ??????. The effects of money laundering on economic development are researched. Negative effects on fina...

  13. 24 CFR 291.535 - Earnest money deposit.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Earnest money deposit. 291.535... Next Door Sales Program § 291.535 Earnest money deposit. (a) General. The earnest money deposit is the sum of money that must be paid by the law enforcement officer, teacher, or firefighter/emergency...

  14. 24 CFR 81.83 - Civil money penalties.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 1 2010-04-01 2010-04-01 false Civil money penalties. 81.83... § 81.83 Civil money penalties. (a) Imposition. The Secretary may impose a civil money penalty on a GSE... writing of the Secretary's determination to impose a civil money penalty by issuing a Notice of Intent to...

  15. 48 CFR 31.205-10 - Cost of money.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Cost of money. 31.205-10....205-10 Cost of money. (a) General. Cost of money— (1) Is an imputed cost that is not a form of...) Refers to— (i) Facilities capital cost of money (48 CFR 9904.414); and (ii) Cost of money as an element...

  16. 29 CFR 530.302 - Amounts of civil money penalties.

    Science.gov (United States)

    2010-07-01

    ... 29 Labor 3 2010-07-01 2010-07-01 false Amounts of civil money penalties. 530.302 Section 530.302... EMPLOYMENT OF HOMEWORKERS IN CERTAIN INDUSTRIES Civil Money Penalties § 530.302 Amounts of civil money penalties. (a) A civil money penalty, not to exceed $500 per affected homeworker for any one violation, may...

  17. When Love Meets Money: Priming the Possession of Money Influences Mating Strategies

    Directory of Open Access Journals (Sweden)

    Yi Ming eLi

    2016-03-01

    Full Text Available Money is an important factor that influences the development of romantic relationships. The current paper examines how the feeling of having relatively more or less money influences human mating strategies in long-term and short-term mating contexts under the framework of evolutionary psychology. We recruited mainland Chinese college students involved in steady, heterosexual romantic relationships to participate in two experiments. In each study, we experimentally triggered participants’ feelings of having relatively more or less money and then examined their thoughts and behaviors related to mating. Results of Study 1 showed that men who were primed to feel that they had relatively more money were less satisfied with their partners’ physical attractiveness than those primed to feel that they had less money, suggesting that the subjective feeling of having more or less money may affect men’s preferences regarding the physical appearance of a mate in a long-term relationship. Interestingly, this difference was not significant for women. Results of Study 2 indicated that both men and women who were primed to feel that they had relatively more money exhibited a greater behavioral approach tendency toward an attractive member of the opposite sex than those primed to feel that they had less money. This finding suggests that people who feel they have relatively more money may have more interest in an attractive alternative than those who feel they have relatively less money. The differences in mating strategies between and within the genders brought about by money support the evolutionary hypothesis that individuals adopt conditional mating strategies in response to environmental conditions. These findings have both conceptual and practical implications for the psychology of evolution and romantic relationships.

  18. Regulating peer-to-peer network currency : Lessons from Napster and payment Systems

    NARCIS (Netherlands)

    Kasiyanto, Safari

    2015-01-01

    It was only yesterday when the central banks across the world shared a similar concerns about the rise of e-money as a ‘new’ form of money. Theoretically, e-money as a network good has the potential to achieve a position necessary to replace traditional money. If this happens, the central bank’s

  19. Money talks? An experimental investigation of cheap talk and burned money

    NARCIS (Netherlands)

    de Haan, T.; Offerman, T.; Sloof, R.

    2012-01-01

    We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two. We

  20. Money talks? An experimental investigation of cheap talk and burned money

    NARCIS (Netherlands)

    de Haan, T.; Offerman, T.; Sloof, R.

    2011-01-01

    We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two. We

  1. First Steps to Personal Money Management. BANK-ED I: Personal Money Management Series.

    Science.gov (United States)

    Butterfield, Sherri M.

    This unit provides methods, materials, and activities for teaching about money in grades 4-6. It is divided into three sections: money and barter; disciplines and responsibilities; and organization and recordkeeping. Each section includes notes to aid the teacher in preparing and presenting the material, pre/post tests, and a series of one-page…

  2. The effect of low-temperature laundering and detergents on the survival of Escherichia coli and Staphylococcus aureus on textiles used in healthcare uniforms.

    Science.gov (United States)

    Riley, K; Williams, J; Owen, L; Shen, J; Davies, A; Laird, K

    2017-05-10

    To determine the survival of Escherichia coli and Staphylococcus aureus on cotton and polyester and the effectiveness of low-temperature laundering and detergents on the removal of micro-organism from healthcare laundry. Survival of E. coli and S. aureus on polyester or cotton was assessed over 3 weeks and the efficacy of a domestic wash (40 and 60°C) and a range of detergents was also determined. Both bacteria were able to survive on cotton (5 log(10) ) and polyester (0·28 log(10) ) for up to 3 weeks. Laundering at 40°C resulted in a 3·5 log(10) removal of the initial 7·7 log(10) inoculum and some cross-contamination to sterile fabrics (3 log(10) ). Increasing the temperature to 60°C resulted in the complete removal of the initial inoculum. This study shows that most of the micro-organisms are removed at 40°C, however, those cells still remaining may have the potential for further contamination to the clinical environment and patients. National Health Service (NHS) nurses are required to domestically launder their uniforms at 60°C to ensure safe removal of micro-organisms, 33% of NHS staff questioned said they launder their uniforms at 40°C, which could potentially result in transmission of hospital-acquired infections. © 2017 The Society for Applied Microbiology.

  3. 16 CFR 1615.32 - Method for establishment and use of alternate laundering procedures under section 4(g)(4)(ii) of...

    Science.gov (United States)

    2010-01-01

    ... is sought, test data comparing twenty test specimens washed and dried by the proposed alternate... alternate laundering procedures under section 4(g)(4)(ii) of the standard. 1615.32 Section 1615.32 Commercial Practices CONSUMER PRODUCT SAFETY COMMISSION FLAMMABLE FABRICS ACT REGULATIONS STANDARD FOR THE...

  4. 16 CFR 1616.32 - Method for establishment and use of alternate laundering procedures under section 5(c)(4)(ii) of...

    Science.gov (United States)

    2010-01-01

    ... is sought, test data comparing twenty test specimens washed and dried by the proposed alternate... alternate laundering procedures under section 5(c)(4)(ii) of the standard. 1616.32 Section 1616.32 Commercial Practices CONSUMER PRODUCT SAFETY COMMISSION FLAMMABLE FABRICS ACT REGULATIONS STANDARD FOR THE...

  5. Money and the natural rate of unemployment

    DEFF Research Database (Denmark)

    Østrup, Finn

    The prevailing view among economists and policy makers is that money has no impact on production in a longer term characterised by full price and wage flexibility and rational expectations. This book presents a revisionist view of monetary policy and monetary regimes. It presents several new...... mechanisms, indicating that money affects long-term production. The consequent policy implications are also discussed, including: the uses of monetary policy and monetary regimes in achieving macroeconomic goals; the impact of an independent central bank; the effects of a movement from floating exchange...... undergraduate and graduate students in macroeconomics, labour economics and finance. This work offers a revisionist view of monetary policy and monetary regimes. It presents several new mechanisms, indicating that money affects long-term production. The consequent policy implications are also discussed...

  6. Experimental quantum forgery of quantum optical money

    Science.gov (United States)

    Bartkiewicz, Karol; Černoch, Antonín; Chimczak, Grzegorz; Lemr, Karel; Miranowicz, Adam; Nori, Franco

    2017-03-01

    Unknown quantum information cannot be perfectly copied (cloned). This statement is the bedrock of quantum technologies and quantum cryptography, including the seminal scheme of Wiesner's quantum money, which was the first quantum-cryptographic proposal. Surprisingly, to our knowledge, quantum money has not been tested experimentally yet. Here, we experimentally revisit the Wiesner idea, assuming a banknote to be an image encoded in the polarization states of single photons. We demonstrate that it is possible to use quantum states to prepare a banknote that cannot be ideally copied without making the owner aware of only unauthorized actions. We provide the security conditions for quantum money by investigating the physically-achievable limits on the fidelity of 1-to-2 copying of arbitrary sequences of qubits. These results can be applied as a security measure in quantum digital right management.

  7. Autonomics: an autonomous and intelligent economic platform and next generation money tool

    OpenAIRE

    Benjamin Munro; Julia McLachlan

    2015-01-01

    We propose a high level network architecture for an economic system that integrates money, governance and reputation. We introduce a method for issuing, and redeeming a digital coin using a mechanism to create a sustainable global economy and a free market. To maintain a currency's value over time, and therefore be money proper, we claim it must be issued by the buyer and backed for value by the seller, exchanging the products of labour, in a free market. We also claim that a free market and ...

  8. Money Matters. FDIC Money Smart Financial Education Curriculum = Cuestiones de Dinero. FDIC Money Smart Plan de Educacion para Capacitacion en Finanzas.

    Science.gov (United States)

    Federal Deposit Insurance Corp., Washington, DC.

    This module on how to keep track of one's money is one of ten in the Money Smart curriculum, and includes an instructor guide and a take-home guide. It was developed to help adults outside the financial mainstream enhance their money skills and create positive banking relationships. It is designed to enable participants to prepare a personal…

  9. UK money demand 1873-2001

    DEFF Research Database (Denmark)

    Nielsen, Heino Bohn

    2007-01-01

    This paper performs a multivariate cointegration analysis of UK money demand 1873-2001, and illustrates how a long-run time series analysis may be conducted on a data set characterized by turbulent episodes and institutional changes. We suggest accounting for the effects of the two world wars...... analysis we find a single equilibrium relationship relating velocity to opportunity costs, and we identify a significant link between excess money and inflation. After accounting for the turbulent periods, the equilibrium structure is reasonably stable over a period of 130 years...

  10. Impact of money supply on stock bubbles

    Directory of Open Access Journals (Sweden)

    Martin Širůček

    2013-01-01

    Full Text Available This article focuses on the effect and implications of changes in money supply in the US on stock bubble rise on the US capital market, which is represented by the Dow Jones Industrial Average index. This market was chosen according to the market capitalization. The attention of the paper is drawn to issues – if according to the results of empirical analysis, the money supply is a significant factor which causes the bubbles and if during the time the significance and impact of this macroeconomic factor on stock index increase.

  11. Helping Students to Become Money Smart

    Science.gov (United States)

    Supon, Viola

    2012-01-01

    Being money smart has value that offers individuals skills for a lifetime. "Lawmakers had no way of knowing in 2007 that the U. S. economic situation would be where it is today, making financial education for students now even more crucial than at any other time in recent history" (Black, 2009, p. 1). According to Beverly & Burkhalter (2005, p.…

  12. Money Matters for the Young Learner

    Science.gov (United States)

    Hill, Andrew T.

    2010-01-01

    Children's economic reasoning follows a developmental sequence in which their ideas about money and other basic economic concepts are forming. Even children in the early primary grades can learn some basic economics and retain understanding of economic concepts if they are taught in developmentally appropriate ways. Given how important economic…

  13. Youth Perspectives of Achievement: Is Money Everything?

    Science.gov (United States)

    Matope, Jasmine; Badroodien, Azeem

    2015-01-01

    This article draws from a qualitative research project completed at Victoria High School (pseudonym) in Cape Town in 2012 which explored 13 learners' perspectives of achievement and its influence on their lives and thinking. The piece problematises and analyses taken-for-granted connections between money, achievement, youth aspirations and views…

  14. Where does all the money go?

    African Journals Online (AJOL)

    general exhortations to save money in 'cheap' areas go unheeded because potential waste is considered small when compared with potential patient benefit, and it is often difficult to assess the need for an individual test other than at the bedside. Another reason why doctors may ignore this challenge is that they are taught ...

  15. Money Can't Buy Me Trust

    DEFF Research Database (Denmark)

    Christoffersen, Jeppe; Robson, Matthew J.

    2017-01-01

    In this study we investigate how external interventions shape process-based trust development in cross-border alliances. Specifically, we exploit a unique opportunity to observe the magnitude of external intervention through publicly available amounts of money given by the foreign, developed...

  16. Spending time and money within the household

    DEFF Research Database (Denmark)

    Browning, Martin; Gørtz, Mette

    We consider theoretically and empirically the allocation of time and money within the household. The novelty of our empirical work is that we have a survey which provides information on both time use and the allocation of some goods within the household, for the same households. We can consider...

  17. Spending Time and Money within the Household

    DEFF Research Database (Denmark)

    Browning, Martin; Gørtz, Mette

    2012-01-01

    We consider, both theoretically and empirically, the allocation of time and money within the household. The research question is whether a married person who enjoys more leisure than their partner also receives more consumption (which seems to indicate the outcome of power within the household...

  18. The History of Money in Montenegro

    Directory of Open Access Journals (Sweden)

    Fabris Nikola

    2015-01-01

    Full Text Available The paper depicts the history of using money in Montenegro covering the period before the Christ until nowadays. Montenegro mostly used foreign currencies throughout its long history, these being Roman, Austro-Hungarian, Turkish, Venetian, and even the Napoleon (French gold coin money. The first ideas for Montenegro’s own money came from the Bishop Petar Petrovic Njegoš in the 19th century. The first Montenegrin money, the Perper, was minted in 1906. The King Nikola`s Decree as of 11 April 1906 authorized the Ministry of Finance to mint the nickel and bronze coins. Silver and gold coins were minted later. The Perper disappeared from the scene with Montenegro’s joining the Kingdom of Serbs, Croats and Slovenes, putting into circulation the Dinar, a currency of the newly established state. Montenegro, being a part of the Socialist Federal Republic of Yugoslavia, used the Dinar as its currency after World War II until 1999. Dual currency system consisting of the German Mark and the Dinar was introduced in late 1999, whereby the German Mark became the only legal tender in 2001. With the introduction of the Euro the German Mark was replaced and the Euro became the official means of payment.

  19. Money, Manipulation and Misunderstanding on Manus Island

    DEFF Research Database (Denmark)

    Wallis, Joanne; Dalsgaard, Steffen

    2016-01-01

    Island, on domestic affairs in PNG, and on the relationship between PNG and Australia. Overall, it concludes that the costs arising from the money, manipulation and misunderstanding generated by the centre seem likely to outweigh the purported benefits, particularly for Manusians and other ordinary Papua...

  20. How to Save Money by Saving Energy.

    Science.gov (United States)

    Department of Energy, Washington, DC.

    This pamphlet presents energy conservation tips to help consumers save money. Conservation measures suggested here cover topics such as: (1) insulation; (2) space heating and cooling; (3) hot water heating; (4) cooking; (5) laundry; (6) lighting; (7) electrical appliances; (8) buying or building a home; and (9) buying, maintaining and driving a…

  1. Your Financial Plan. Money Management. Revised.

    Science.gov (United States)

    Baran, Nancy H., Ed.

    This booklet is a simple, practical guide for managing money. It provides advice to help the reader balance expenses with income and get personal finances in order. The booklet takes the reader step by step through the processes involved in setting up a basic financial plan and shows him/her how to tailor it to fit personal needs. It explains how…

  2. 75 FR 10059 - Money Market Fund Reform

    Science.gov (United States)

    2010-03-04

    ... Requirements 4. Stress Testing D. Repurchase Agreements E. Disclosure of Portfolio Information 1. Public Web.../research/stats/trends/trends_11_09 . All money market funds are subject to rule 2a-7 under the Investment... 30 from individuals, including investors and academics. The comment letters reflected a wide variety...

  3. Mexico's digital money revolution | IDRC - International ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    2017-06-20

    Jun 20, 2017 ... The Prospera Digital e-banking program aims to put money in the hands of Mexico's low-income women with just a few taps — and transform their lives in the process. This article is part of an ongoing series of stories about innovative projects in the developing world, a partnership between IDRC and ...

  4. A Money Unit for Deaf Children.

    Science.gov (United States)

    Silvia, Evelyn

    1983-01-01

    A unit designed to teach deaf children (9 to 11 years old) about money, while covering other mathematical topics, is described. The program can either be covered in one block or infused into regular mathematics curriculum over a long period of time. (Author/SW)

  5. "Show me the money": vulnerability to gambling moderates the attractiveness of money versus suspense.

    Science.gov (United States)

    Hahn, Cheryl; Wilson, Timothy D; McRae, Kaichen; Gilbert, Daniel T

    2013-10-01

    Do people take risks to obtain rewards or experience suspense? We hypothesized that people vulnerable to gambling are motivated more by the allure of winning money whereas people less vulnerable to gambling are motivated more by the allure of suspense. Consistent with this hypothesis, participants with high scores on a subscale of the Gambling Attitudes and Beliefs Survey--a measure of vulnerability to gambling--reported more of a motivation to earn money (pilot study), were more likely to accept a certain or near-certain amount of money than to gamble for that same amount (Studies 1-2), and worked harder to earn money (Study 3). People vulnerable to gambling also made more accurate predictions about how much they would gamble. People less vulnerable to gambling, in contrast, gambled more than people vulnerable to gambling, but did not know that they would.

  6. When Love Meets Money: Priming the Possession of Money Influences Mating Strategies

    OpenAIRE

    Yi Ming eLi; Jian eLi; Darius Kwan Shing eChan; Bo eZhang

    2016-01-01

    Money is an important factor that influences the development of romantic relationships. The current paper examines how the feeling of having relatively more or less money influences human mating strategies in long-term and short-term mating contexts under the framework of evolutionary psychology. We recruited mainland Chinese college students involved in steady, heterosexual romantic relationships to participate in two experiments. In each study, we experimentally triggered participants' feel...

  7. The Ontology of Money : Institutions, Power and Collective Intentionality

    NARCIS (Netherlands)

    G. Papadopoulos (Georgios)

    2015-01-01

    markdownabstract__Abstract__ The aim of this thesis is to revisit the elementary questions about the nature and the existence of money proposing a comprehensive alternative to the textbook analysis of money as a medium of exchange.

  8. Prayer as Technique for Making Money: Citizenship Education as a ...

    African Journals Online (AJOL)

    Prayer as Technique for Making Money: Citizenship Education as a Solution to this Problem. ... they turn them into avenues to make money by sale of stickers, cassettes, olive oil, etc. ... EMAIL FREE FULL TEXT EMAIL FREE FULL TEXT

  9. 12 CFR 509.103 - Civil money penalties.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Civil money penalties. 509.103 Section 509.103... PROCEDURE IN ADJUDICATORY PROCEEDINGS Local Rules § 509.103 Civil money penalties. (a) Assessment. In the... may serve an order of assessment of civil money penalty upon the party concerned. The assessment order...

  10. 42 CFR 438.704 - Amounts of civil money penalties.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 4 2010-10-01 2010-10-01 false Amounts of civil money penalties. 438.704 Section... SERVICES (CONTINUED) MEDICAL ASSISTANCE PROGRAMS MANAGED CARE Sanctions § 438.704 Amounts of civil money penalties. (a) General rule. The limit on, or the maximum civil money penalty the State may impose varies...

  11. 42 CFR 493.1834 - Civil money penalty.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 5 2010-10-01 2010-10-01 false Civil money penalty. 493.1834 Section 493.1834... (CONTINUED) STANDARDS AND CERTIFICATION LABORATORY REQUIREMENTS Enforcement Procedures § 493.1834 Civil money... Secretary to impose civil money penalties on laboratories. Section 1846(b)(3) of the Act specifically...

  12. 42 CFR 73.21 - Civil money penalties.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Civil money penalties. 73.21 Section 73.21 Public... SELECT AGENTS AND TOXINS § 73.21 Civil money penalties. (a) The Inspector General of the Department of Health and Human Services is delegated authority to conduct investigations and to impose civil money...

  13. 12 CFR 1250.3 - Civil money penalties.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Civil money penalties. 1250.3 Section 1250.3 Banks and Banking FEDERAL HOUSING FINANCE AGENCY ENTERPRISES FLOOD INSURANCE § 1250.3 Civil money... to § 1250.2, the Director of FHFA, or his or her designee, may assess civil money penalties against...

  14. 48 CFR 1631.205-10 - Cost of money.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Cost of money. 1631.205-10... AND PROCEDURES Contracts With Commercial Organizations 1631.205-10 Cost of money. For the purposes of FAR 31.205-10(b)(3), the estimated facilities capital cost of money is specifically identified if it...

  15. 12 CFR 908.6 - Civil money penalties.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Civil money penalties. 908.6 Section 908.6... Proceedings § 908.6 Civil money penalties. (a) Notice of assessment—(1) Grounds. The Finance Board may issue and serve a notice of assessment of a civil money penalty on any Bank or any executive officer or...

  16. 12 CFR 561.28 - Money Market Deposit Accounts.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Money Market Deposit Accounts. 561.28 Section 561.28 Banks and Banking OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY DEFINITIONS FOR REGULATIONS AFFECTING ALL SAVINGS ASSOCIATIONS § 561.28 Money Market Deposit Accounts. (a) Money Market...

  17. 42 CFR 460.46 - Civil money penalties.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 4 2010-10-01 2010-10-01 false Civil money penalties. 460.46 Section 460.46 Public...) Sanctions, Enforcement Actions, and Termination § 460.46 Civil money penalties. (a) CMS may impose civil money penalties up to the following maximum amounts: (1) For each violation regarding enrollment or...

  18. Bitcoin: Informational Money en het Einde van Gewoon Geld

    NARCIS (Netherlands)

    Bergstra, J.A.

    2014-01-01

    Deze paper bevat een verkorte beschrijving van de Nakamoto architectuur voor informational money, een positionering van Bitcoin, een "money-like informational commodity", als een verschijningsvorm van iGoud, en een bespiegeling over de vraag hoe hoe informational money het einde van Gewoon Geld in

  19. Money matters: cash transfers for adaptation

    Energy Technology Data Exchange (ETDEWEB)

    Wood, Rachel Godfrey

    2011-04-15

    Developed countries have pledged billions of dollars a year to help poor nations adapt to climate change. But how should the money be spent? For the world's poor, who are both the most vulnerable to climate change and the most in need of social protection, the best answer may be cash transfer programmes. Giving money out in this way has a strong track record in reaching the poor and helping them improve their nutrition, education and incomes — all of which are vital for building their long-term capacity to adapt to climate change. Cash transfers are also well accepted at the local level and, given the right political backing, can be implemented on a broad scale.

  20. Value for Money in Donor HIV Funding.

    Science.gov (United States)

    Linnemayr, Sebastian; Ryan, Gery W; Liu, Jenny; Palar, Kartika

    2012-01-01

    Countries with the highest burden of human immunodeficiency virus (HIV) disease are heavily reliant on donor funding from such sources as the U.S. President's Emergency Plan for AIDS Relief (PEPFAR) and the Global Fund to Fight AIDS, Tuberculosis and Malaria for their HIV programs. In recent years, commitments from these organizations have flattened while demand for HIV/AIDS care continues to rise. To meet the continued need for more HIV services in developing countries, existing resources need to be better leveraged, i.e., to provide improved value for the money. This article examines options for improving value for money in HIV funding by using a case study that focuses on the two largest funders, PEPFAR and the Global Fund, with funding for antiretroviral therapy (ART) as its leading example. The authors' assessment of available input and output data suggests that current spending allocations across direct and indirect services are not based on increasing value for money. The authors recommend that expenditure data for PEPFAR be made available to the public in a transparent fashion on an annual basis in a usable format and that the Global Fund make its data accessible for each program funded. They find that program output indicators to track indirect services are incomplete and need to be further developed. The trade-off between providing current services and providing future ones needs to be stated clearly, and funding decisions made accordingly. Finally, given projections that funding for HIV will likely not increase, particularly for low-income countries facing the highest HIV burden, an explicit emphasis on improving value for money by finding ways to better leverage existing monies is imperative.

  1. Economic and Legal Aspects of Electronic Money

    Directory of Open Access Journals (Sweden)

    Otakar Schlossberger

    2016-06-01

    Full Text Available The term “electronic money” first appeared in Czech legislation in 2002 as the result of the transposition of legislation into the Czech Republic’s legal system in anticipation of the country’s accession to the European Union. This term subsequently reappeared in 2009 during the recodification of the legal regulation of payment services, payment systems and electronic money. At this time, the definition was subjected to certain changes which continue to exert a significant influence on current practice with respect to the issuance and subsequent use of electronic money. This paper addresses the term “virtual money” and considers the mutual relationships between “electronic money”, “cashless money” and “virtual money” from the point of view of selected legal and economic approaches. The aim of the paper is to employ the analytical method in order to investigate selected legal and economic aspects of the various interpretations of the categories “electronic money”, “cashless money” and “virtual money”. A comparative analysis approach will be applied so as to ascertain both the legal and economic differences between these categories and general conclusions will be suggested employing the deduction method. The article is further concerned with the influence of these categories on the monetary base and money supply indicators.

  2. Prevalence of β-lactamase genes in domestic washing machines and dishwashers and the impact of laundering processes on antibiotic-resistant bacteria.

    Science.gov (United States)

    Rehberg, L; Frontzek, A; Melhus, Å; Bockmühl, D P

    2017-12-01

    To investigate the prevalence of β-lactamase genes in domestic washing machines and dishwashers, and the decontamination efficacy of laundering. For the first investigation, swab samples from washing machines (n = 29) and dishwashers (n = 24) were analysed by real-time quantitative PCR to detect genes encoding β-lactamases. To test the impact of laundering on resistant bacteria, cotton test swatches were artificially contaminated with susceptible and resistant strains of Pseudomonas aeruginosa, Klebsiella pneumoniae and Staphylococcus aureus within a second investigation. They were washed in a domestic washing machine with or without activated oxygen bleach (AOB)-containing detergent at 20-50°C. β-Lactamase genes (most commonly of the AmpC- and OXA-type) were detected in 79% of the washing machines and in 96% of the dishwashers and Pseudomonadaceae dominated the microbiota. The level of bacterial reduction after laundering was ≥80% for all Ps. aeruginosa and Kl. pneumoniae strains, while it was only 37-61% for the methicillin-resistant Staph. aureus outbreak strain. In general, the reduction was tendentially higher for susceptible bacteria than for the resistant outbreak strains, especially for Staph. aureus. β-Lactamase genes seem to be frequently present in domestic appliances and may pose a potential risk for cross-contamination and horizontal transfer of genes encoding resistance against clinically important β-lactams. In general, higher temperatures and the use of AOB can improve the reduction of antibiotic-resistant bacteria, including Staph. aureus which appears to be less susceptible to the decontamination effect of laundering. Data on the presence of antibiotic-resistant bacteria in the domestic environment are limited. This study suggests that β-lactamase genes in washing machines and dishwashers are frequent, and that antibiotic-resistant strains are generally more resistant to the used washing conditions. © 2017 The Society for

  3. Technopolis Ecosystem and MoneyTalks® Events as a facilitator of Venture Capital Financing

    OpenAIRE

    Pölönen, Olli

    2010-01-01

    The purpose of the Bachelor’s thesis is to find out the scale and size of Technopolis’ efforts in the venture capital financing ecosystem in Finland. The empirical part will give concrete figures over the magnitude of Technopolis Ecosystem and MoneyTalks® Events as a facilitator of Venture Capital Financing. Besides the figures, the thesis will incorporate theory of both networking and venture capital financing. Venture capital has become an indispensable resource for the emerging growth ...

  4. 31 CFR 538.319 - U.S. registered money transmitter.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. registered money transmitter. 538.319 Section 538.319 Money and Finance: Treasury Regulations Relating to Money and Finance... General Definitions § 538.319 U.S. registered money transmitter. The term U.S. registered money...

  5. 31 CFR 537.323 - U.S. registered money transmitter.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. registered money transmitter. 537.323 Section 537.323 Money and Finance: Treasury Regulations Relating to Money and Finance... General Definitions § 537.323 U.S. registered money transmitter. The term U.S. registered money...

  6. Money for Blood and Markets for Blood.

    Science.gov (United States)

    Derpmann, Simon; Quante, Michael

    2015-12-01

    Ontario's Bill 178 proposing a Voluntary Blood Donations Act declares the offer or acceptance of payment for the donation of blood a legal offence and makes it subject to penalty. The bill reinvigorates a fundamental debate about the ethical problems associated with the payment of money for blood. Scarcity of blood donors is a recurring problem in most health systems, and monetary remuneration of the willingness to donate blood is regularly discussed--and sometimes practiced--as a means to overcome scarcity in blood. However, making blood an object of economic exchange has long aroused ethical concerns that often refer to the specific meaning of blood. From the perspective of a modern understanding of money as a metric of economic value, the exchange of money for blood--shed or given--is seen as ethically troubling, because it appears to imply a commensurability of the value of human life and economic wealth. In this paper, we begin with a general taxonomy of the types of arguments that speak in favour or against compensating donors for giving blood. We then describe the context in which the discussion about payment for blood arises, and of the specific aims and concerns that are brought forward in this context. This is used to reconstruct the normative background that supports the rejection of payment for blood as it is envisaged in Bill 178 and the aims of the proposal. We then argue that while a payment indeed changes the nature of a blood donation in an ethically considerable way, we do not believe that decisive arguments against the monetary remuneration of blood donations can be substantiated, at least not independently of assuming specific societal circumstances. Thus it may be possible to establish a stable and safe blood supply through just gratification while at the same time taking strong provisions against social disconnection, injustice, exploitation or heteronomy.

  7. The impact of arbitrarily applicable relational responding on evaluative learning about hypothetical money and shock outcomes.

    Science.gov (United States)

    Dymond, Simon; Molet, Mikael; Davies, Lynette

    2017-08-01

    Evaluative learning comprises changes in preferences after co-occurrences between conditioned stimuli (CSs) and an unconditioned stimulus (US) of affective value. Co-occurrences may involve relational responding. Two experiments examined the impact of arbitrary relational responding on evaluative preferences for hypothetical money and shock outcomes. In Experiment 1, participants were trained to make arbitrary relational responses by placing CSs of the same size but different colours into boxes and were then instructed that these CSs represented different intensities of hypothetical USs (money or shock). Liking ratings of the CSs were altered in accordance with the underlying bigger/smaller than relations. A reversal of preference was also observed: the CS associated with the smallest hypothetical shock was rated more positively than the CS associated with the smallest amount of hypothetical money. In Experiment 2, procedures from Relational Frame Theory (RFT) established a relational network of more than/less than relations consisting of five CSs (A-B-C-D-E). Overall, evaluative preferences were altered, but not reversed, depending on (a) how stimuli had been related to one another during the learning phase and (b) whether those stimuli referred to money or shocks. The contribution of RFT to evaluative learning research is discussed.

  8. What theory? The theory in "Mad Money"

    OpenAIRE

    Strange, Susan

    2012-01-01

    Mad Money (Manchester University Press, 1998) es la versión completamente reescrita y actualizada de Casino Capitalism (Blackwells, 1986). Se ha sugerido —de ambos volúmenes— que no había en ellos una teoría subyacente en la discusión de Strange sobre el sistema financiero internacional. Esto, argumenta Strange en este working paper, no es en absoluto el caso. Los dos volúmenes se sustentan, siempre implícitamente y a veces explícitamente, en los temas dominantes del trabajo de Strange desde ...

  9. The "hot money" phenomenon in Brazil

    Directory of Open Access Journals (Sweden)

    Mylène Gaulard

    2012-09-01

    Full Text Available Because of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what penalizes the Brazilian exportations of manufactured products. Moreover, capital inflows are extremely volatile, and their departure, causing a fall in loans granted to the Brazilian private banks, could provoke a dangerous burst of the speculative bubble they have contributed to form in the Brazilian real estate sector.

  10. Delay discounting and utility for money or weight loss.

    Science.gov (United States)

    Sze, Y Y; Slaven, E M; Bickel, W K; Epstein, L H

    2017-03-01

    Obesity is related to a bias towards smaller immediate over larger delayed rewards. This bias is typically examined by studying single commodity discounting. However, weight loss often involves choices among multiple commodities. To our knowledge, no research has examined delay discounting of delayed weight loss compared with other commodities. We examined single commodity discounting of money and cross commodity discounting of money and weight loss in a sample of 84 adults with obesity or overweight statuses interested in weight loss. The exchange rate between money and weight loss was calculated, and participants completed two delay discounting tasks: money now versus money later and money now versus weight loss later. Participants discounted weight loss more than money (p money (n = 23), those who preferred money over weight loss discounted weight loss even more than individuals that preferred weight loss (p = 0.003). Greater discounting of weight loss for those who preferred money suggest that idiosyncratic preferences are related to multiple commodity discounting, and greater discounting of weight loss across all participants provide insight on important challenges for weight control.

  11. On the Empire of Money: The Representation of Money in Arab ...

    African Journals Online (AJOL)

    money) and its role in human-lives have largely been seen to be the exclusive preserve of social science scholars. This has consequently led to the elision of other perspectives, particularly the cultural, on the category. This paper therefore attempts ...

  12. Movies with smoking make less money.

    Science.gov (United States)

    Glantz, Stanton A; Polansky, Jonathan R

    2012-11-01

    To determine the relationship between presence of smoking in films and total box office receipts. Regression analysis of box office receipts as a function of film rating, production budget, year of release and presence of smoking for 1232 films released in the USA between 2002 and 2010. R-rated films made, on average, 87% (95% CI 83% to 90%) of what PG-13 films of similar smoking status made and smoking films made 87% (95% CI 79% to 96%) of what comparably rated smoke-free films made. Larger budget films made more money. There was no significant effect of release year or G/PG rating compared with PG-13-rated movies. Because PG-13 films without smoking (median $48.6 million) already make 41% more money at the box office than R-rated movies with smoking (median $34.4 million), implementing an R rating for smoking to remove it from youth-rated films will not conflict with the economic self-interest of producer-distributors.

  13. Quantum money with nearly optimal error tolerance

    Science.gov (United States)

    Amiri, Ryan; Arrazola, Juan Miguel

    2017-06-01

    We present a family of quantum money schemes with classical verification which display a number of benefits over previous proposals. Our schemes are based on hidden matching quantum retrieval games and they tolerate noise up to 23 % , which we conjecture reaches 25 % asymptotically as the dimension of the underlying hidden matching states is increased. Furthermore, we prove that 25 % is the maximum tolerable noise for a wide class of quantum money schemes with classical verification, meaning our schemes are almost optimally noise tolerant. We use methods in semidefinite programming to prove security in a substantially different manner to previous proposals, leading to two main advantages: first, coin verification involves only a constant number of states (with respect to coin size), thereby allowing for smaller coins; second, the reusability of coins within our scheme grows linearly with the size of the coin, which is known to be optimal. Last, we suggest methods by which the coins in our protocol could be implemented using weak coherent states and verified using existing experimental techniques, even in the presence of detector inefficiencies.

  14. Value for money: putting the patient first.

    Science.gov (United States)

    Ouellet, Robert; Mayer, Joseph; Adams, Owen

    2009-01-01

    Canadians spend more on healthcare than people in most other countries. We are fifth in the OECD in terms of health spending per capita, and eighth out of 28 countries in terms of health spending as a percentage of GDP. Given these facts, it is appropriate to discuss the issue of value for money in healthcare. In their paper, McGrail et al. present four challenges to improving value for money in Canadian healthcare: a lack of analysis of the hospital sector; the need to learn from rate variation analysis; the slow uptake of the electronic health record (EHR); and the need to measure health outcomes. Our paper addresses each of these points, but also proposes that a broader outlook is needed to come to grips with this question. It is essential to go beyond supply-side cost control, and also take into account the needs of the patient. Moreover, we need to look beyond our borders to learn how other countries have been able to evolve universal publicly funded health systems without long waiting times.

  15. In- and Out-of-the-Money Convertible Bond Calls

    DEFF Research Database (Denmark)

    Bechman, Ken; Lunde, Asger; Zebedee, Allan

    2014-01-01

    Convertible bond calls typically cause significant reactions in equity prices. The empirical research largely finds negative and positive announcement effects for the in-the-money and the out-of-the-money calls respectively. However, this research has difficulty distinguishing between the two mai...... convertible bond; and the stock market's reaction is almost immediate, which is consistent with the signaling effect.......Convertible bond calls typically cause significant reactions in equity prices. The empirical research largely finds negative and positive announcement effects for the in-the-money and the out-of-the-money calls respectively. However, this research has difficulty distinguishing between the two main......-the-money call is predominantly explained by the subsequent order imbalances; and the stock market's reaction is spread over an entire trading day, which is consistent with the price pressure effect. In contrast, the announcement effect for the out-of-the-money call is driven by the size of the called...

  16. Methods of Analysis of Electronic Money in Banks

    Directory of Open Access Journals (Sweden)

    Melnychenko Oleksandr V.

    2014-03-01

    Full Text Available The article identifies methods of analysis of electronic money, formalises its instruments and offers an integral indicator, which should be calculated by issuing banks and those banks, which carry out operations with electronic money, issued by other banks. Calculation of the integral indicator would allow complex assessment of activity of the studied bank with electronic money and would allow comparison of parameters of different banks by the aggregate of indicators for the study of the electronic money market, its level of development, etc. The article presents methods which envisage economic analysis of electronic money in banks by the following directions: solvency and liquidity, efficiency of electronic money issue, business activity of the bank and social responsibility. Moreover, the proposed indicators by each of the directions are offered to be taken into account when building integral indicators, with the help of which banks are studied: business activity, profitability, solvency, liquidity and so on.

  17. Subjective Experiences of Clients in a Voluntary Money Management Program.

    Science.gov (United States)

    Serowik, Kristin L; Bellamy, Chyrell D; Rowe, Michael; Rosen, Marc I

    2013-01-01

    A large proportion of people diagnosed with mental illnesses have difficulty managing their money, and therefore many psychiatric treatments involve providing money management assistance. However, little is known about the subjective experience of having a money manager, and extant literature is restricted to people forced to work with a representative payee or conservator. In this study, fifteen people were interviewed about their experience receiving a voluntary money management intervention designed to minimize substance use. Clients emphasized the importance of trusting the money manager, financial mindfulness (an enhanced awareness of the financial transactions in clients' day-to-day lives), agency over their own affairs, and addiction. In contrast to evaluations of people assigned representative payees and/or conservators, there was little mention of feeling coerced. These findings suggest that money management programs can address client concerns by building trust, relating budgeting to clients' day-to-day lives, and encouraging clients' control over their own affairs.

  18. Minding money: how understanding of value is culturally promoted.

    Science.gov (United States)

    Sato, Tatsuya

    2011-03-01

    Adding to the issues of cognitive economics (Cortes and Londoño IPBS: Integrative Psychological & Behavioral Science 43(2):178-184, 2009) and the social psychology of "shadow economics" (Salvatore et al. IPBS: Integrative Psychological & Behavioral Science 43(2), 2009), the carrier of economic exchanges, money, plays a key role in children's socialization in different societies. Money given to children, 'pocket money,' is a negotiated settlement between children's social demands and those of their parents. I analyze such negotiations here on the basis of a concrete case of a Korean family in which the provision of pocket money given the child was inconsistent over time. The results indicate the social ecology of money use, in both children and their parents, sets the stage for value construction of the meaning of money.

  19. College students' motivations for money and subjective well-being.

    Science.gov (United States)

    Robak, Rostyslaw W; Chiffriller, Sheila H; Zappone, Melinda C

    2007-02-01

    Previous research indicates that, while making money is important to college students, it is negatively correlated with subjective well-being. This study asked 157 undergraduate business and psychology students about the importance of making money, their motives for doing so, and several dimensions of subjective well-being: satisfaction with life, self-actualization, and mood/affect. Making money remains very important to college students. Being motivated to make money was not globally related to subjective well-being, but wanting to make money to help others, to feel secure, and to feel proud of oneself were predictive of happiness or subjective well-being. Motives such as comparing oneself favorably to others, spending impulsively, and overcoming self-doubt were not correlated with subjective well-being. Business students appeared more motivated to make money than other students and also to have more negative affect.

  20. Energy Saver: Tips on Saving Money & Energy at Home

    Energy Technology Data Exchange (ETDEWEB)

    None

    2017-09-01

    Provides consumers with home energy and money savings tips such as insulation, weatherization, heating, cooling, water heating, energy efficient windows, landscaping, lighting, and energy efficient appliances.

  1. Liquid money or hard cash? Drowning into granular material

    CERN Document Server

    Bagnoli, Franco

    2016-01-01

    In British English, the term "hard cash" refers to the form of payment using coins or bill, rather than cheques or credit or money transfer. In American English, it is often prefixed by the adjective "cold". On the contrary, in Italian the equivalent expression "denaro liquido" can be literary translated as "liquid money". In French the expression is equivalent with the additional factor, with respect to the rest of this discussion, that money becomes "argent". We have therefore two very different points of view: Is money hard and cold, or rather liquid and "jingling" ("moneta sonante")? As usual, we shall investigate this topic starting from some comics about the duck family.

  2. Energy Savers: Tips on Saving Money & Energy at Home

    Energy Technology Data Exchange (ETDEWEB)

    None

    2011-12-01

    Provides consumers with home energy and money savings tips such as insulation, weatherization, heating, cooling, water heating, energy efficient windows, landscaping, lighting, and energy efficient appliances.

  3. Reconsidering Money: Monetary Exchange with Additive Transaction Costs

    DEFF Research Database (Denmark)

    Schröder, Philipp

    2001-01-01

    Under the assumption of purely additive transaction costs in exchange, the literature on money has a standard example of direct exchange dominating indirect (monetary) exchange. From here it is frequently concluded that subadditive costs (e.g. search costs) must be examined in order to explain...... money. In contrast, this paper presents an additive transaction costs model in which the mere absence of double coincidences of wants suffices to motivate monetary exchange. Furthermore it is found that not all commodity moneys, that are collectively desirable, qualify for the core, but that all fiat...... moneys, that are collectively desirable, will be elements of the core. (JEL: D70, E40)...

  4. Survey Forecasts and Money Demand Functions: Some International Evidence

    DEFF Research Database (Denmark)

    Stadtmann, Georg; Pierdzioch, Christian; Rülke, Jan

    2011-01-01

    We derive a money demand function from a dynamic macroeconomic general equilibrium model to analyze the correlations between professional economists’ forecasts of the growth rate of money supply, the inflation rate, the growth rate of real output, and the nominal interest rate. Upon estimating...... the money demand function on survey data of professional economists’ forecasts for fourteen Asian-Pacific and Central and South-Eastern European countries, we find that the correlations between professional economists’ forecasts are broadly consistent with the money demand function implied...

  5. Energy Savers Tips on Saving Energy& Money at Home

    Energy Technology Data Exchange (ETDEWEB)

    2003-06-01

    Provides consumers with home energy and money savings tips such as insulation, weatherization, heating, cooling, water heating, energy efficient windows, landscaping, lighting, and energy efficient appliances

  6. Energy Savers: Tips on Saving Money & Energy at Home

    Energy Technology Data Exchange (ETDEWEB)

    None

    2014-05-01

    Provides consumers with home energy and money savings tips such as insulation, weatherization, heating, cooling, water heating, energy efficient windows, landscaping, lighting, and energy efficient appliances.

  7. For Whom Money Matters Less: Social Connectedness as a Resilience Resource in the UK.

    Science.gov (United States)

    Richards, Lindsay

    The current literature shows that both absolute and relative income are important for happiness, but there is little work emphasising how the strength of the relationship is dependent on personal and social factors. I hypothesise that social connectedness influences the money-happiness relationship because the effect of money is in part felt through the acquisition of social status, whereas status (and associated psychological benefits such as self-worth) can alternatively be gained through social connectedness. In particular, it is theorised that 'weak ties' when co-existing with good quality informal ties have a separable and additional benefit to subjective well-being, and that it is the socially isolated who have the most to gain from doing well financially. Social connectedness is conceptualised as a 'resilience resource' which has a buffering effect on subjective well-being. Data from the British Household Panel Survey are used, first to establish a measurement schema of connectedness using latent class analysis, and secondly in a multilevel model of life satisfaction with observations from seven consecutive years nested within individuals. The results show that connectedness makes a larger difference to satisfaction in times of financial stress, and that the satisfaction of the socially isolated can 'catch up' to some degree with those with larger networks when things are going well financially. The findings also confirm that those for whom money makes the smallest contribution to happiness are those with both strong and weak ties. Weak ties have an additional benefit compared to having strong ties alone. In summary, connectedness has the power to narrow the well-being gap that exists between times of financial struggle and times of relative comfort. It suggests that the psychological benefits of social integration have the capacity to displace money as a source of status and self-worth, and similarly that the importance of money may be exaggerated where

  8. 75 FR 1099 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

    Science.gov (United States)

    2010-01-08

    ... Equities (Anti-Money Laundering Compliance Program) and adopt new Rule 3310--NYSE Amex Equities (Anti-Money..., subject to certain amendments, NASD Rule 3011 (Anti- Money Laundering Compliance Program) and related Interpretive Material NASD IM-3011-1 and 3011-2 as consolidated FINRA Rule 3310 (Anti-Money Laundering...

  9. 75 FR 1091 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

    Science.gov (United States)

    2010-01-08

    ... delete NYSE Rule 445 (Anti-Money Laundering Compliance Program) and adopt new Rule 3310 (Anti-Money..., subject to certain amendments, NASD Rule 3011 (Anti- Money Laundering Compliance Program) and related Interpretive Material NASD IM-3011-1 and 3011-2 as consolidated FINRA Rule 3310 (Anti-Money Laundering...

  10. La struttura dei mercati monetari. (The structure of money markets

    Directory of Open Access Journals (Sweden)

    J.S.G. WILSON

    2014-07-01

    Full Text Available The article surveys the main characteristics of money markets. It defines a money market as a center in which financial institutions congregate for the purpose of dealing in monetary assets. The author stresses the variety of organisational forms as well as the common elements of these markets.JEL: E40, E44, G10, G20

  11. Money Demand in the Arab Republic of Egypt

    OpenAIRE

    Rostom, Ahmed

    2016-01-01

    Money demand is critical for defining monetary policy options and is not driven necessarily by developed country standards of transaction demand, speculation motive, and opportunity costs grounded by fully functioning financial markets. However, market imperfections in less developed economies can also play a critical role in the dynamics of demand for money. This paper estimates a vector ...

  12. 78 FR 4057 - Inflation Adjustment of Civil Money Penalty Amounts

    Science.gov (United States)

    2013-01-18

    ... URBAN DEVELOPMENT 24 CFR Parts 28, 30, and 180 RIN 2501-AD59 Inflation Adjustment of Civil Money Penalty... civil money penalty and civil penalty regulations by making inflation adjustments that are required by the Federal Civil Penalties Inflation Adjustment Act of 1990 (28 U.S.C. 2461 note) (FCPIA Act). The...

  13. Early Years Education and the Value for Money Folklore

    Science.gov (United States)

    Campbell-Barr, Verity

    2012-01-01

    This article is intended as a contribution to the debate on the role of human capital in determining value for money in early years education. The article explores how the idea that early years education offers value for money has become folklore amongst policymakers and more widely. However, drawing on both interview data and existing literature…

  14. The Regulation of electronic money institutions in the SADC region ...

    African Journals Online (AJOL)

    ... Corporation (SADC) from the regulatory approaches for electronic money institutions adopted by the EU. The article asks if the approach adopted by the EU may be useful for the future regulation of electronic money institutions in the SADC. The proliferation of electronic devices that arrived with the invention of the Internet ...

  15. Generic Drugs: The Same Medicine for Less Money

    Science.gov (United States)

    Generic Drugs: The Same Medicine for Less Money What is a generic drug? A generic is a copy of a brand-name drug. A brand- name drug has a patent. When ... benefit to your health, and you will save money. 7KH IHGHUDO )RRG DQG 'UXJ $GPLQLVWUDWLRQ )'$ UHJXODWHV ERWK ...

  16. Correcting the Money Myth: Re-Thinking School Resources

    Science.gov (United States)

    Grubb, W. Norton

    2010-01-01

    The Money Myth is the contention that any education problem requires increased spending and, conversely, that reform is impossible without more funding. However, increased funding works for only certain kinds of school resources. Many reforms require resources that money cannot buy. What is needed are reforms that build the capacity of schools to…

  17. Dirty Money: The Role of Moral History in Economic Judgments.

    Science.gov (United States)

    Tasimi, Arber; Gelman, Susan A

    2017-04-01

    Although traditional economic models posit that money is fungible, psychological research abounds with examples that deviate from this assumption. Across eight experiments, we provide evidence that people construe physical currency as carrying traces of its moral history. In Experiments 1 and 2, people report being less likely to want money with negative moral history (i.e., stolen money). Experiments 3-5 provide evidence against an alternative account that people's judgments merely reflect beliefs about the consequences of accepting stolen money rather than moral sensitivity. Experiment 6 examines whether an aversion to stolen money may reflect contamination concerns, and Experiment 7 indicates that people report they would donate stolen money, thereby counteracting its negative history with a positive act. Finally, Experiment 8 demonstrates that, even in their recall of actual events, people report a reduced tendency to accept tainted money. Altogether, these findings suggest a robust tendency to evaluate money based on its moral history, even though it is designed to participate in exchanges that effectively erase its origins. Copyright © 2016 Cognitive Science Society, Inc.

  18. A Cointegration And Error Correction Approach To Broad Money ...

    African Journals Online (AJOL)

    This study considered the stability of broad money demand function in Nigeria using data for 1970 to 2004. The study applied the Cointegration and error correction approach The Johansen Cointegration test shows that long run equilibrium relationship exists between broad money demand and its determinants. While the ...

  19. Money supply mechanisms in Nigeria | Ogun | African Journal of ...

    African Journals Online (AJOL)

    This study investigates the process of money supply mechanism in Nigeria in order to provide an explanation for the inflationary acceleration in money supply that occurred in the period 1970 to 1989. The initial double-digit inflation was found to have originated from the rapid growth in the external sector as a result of the oil ...

  20. Money Management Activities in Persons With Multiple Sclerosis.

    Science.gov (United States)

    Goverover, Yael; Haas, Shannon; DeLuca, John

    2016-11-01

    To examine whether participants with multiple sclerosis (MS) have more problems in managing finances compared with persons without MS, and to examine the variables that may contribute to these problems. A cross-sectional study. Nonprofit rehabilitation research institution and the community. Participants (N=53) comprised adults with MS (n=30) and persons without MS (n=23) who were recruited from a nonprofit rehabilitation research institution and from the community. Not applicable. Participants were administered a battery of neuropsychological tests, a money management survey, and a functional test to assess money management skills. Individuals with MS reported and demonstrated more problems managing money than persons without MS. Impaired cognitive functioning was significantly correlated with difficulties in money management. Self-report of functional status (Functional Behavior Profile) was significantly correlated with self-reported money management skills. To our knowledge, this is the first study to examine money management in MS. Money management is an important activity of daily living that presents problems for individuals with MS. Managing one's own money requires adequate processing speed abilities as well as executive-attentional abilities. Additional studies are needed to explore this area and understand the nature of the problem. Copyright © 2016 American Congress of Rehabilitation Medicine. Published by Elsevier Inc. All rights reserved.

  1. Financial repression, money growth, and seignorage: The Polish experience

    NARCIS (Netherlands)

    Aarle, B. van; Budina, N.

    1997-01-01

    Financial Repression, Money Growth and Seignorage: The Polish Experience. — A small analytical framework is developed to analyze the relation between reserve requirements, base money growth and seignorage revenues. From the analysis, the authors can derive of steady-state seignorage revenues as a

  2. Value for Money and Quality in Higher Education

    Science.gov (United States)

    Bhengu, Theo; Cele, Nhlanhla; Menon, Kirti

    2006-01-01

    Value for money as one of the principles of quality assurance in education has often been perceived and significantly misconstrued as placing emphasis on financial efficiency. This mechanistic view of "value for money" in South Africa has been given impetus by what Melck (2001) calls managerial practices and what Cele and Menon (2006)…

  3. Money Is Essential: Ownership Intuitions Are Linked to Physical Currency

    Science.gov (United States)

    Uhlmann, Eric Luis; Zhu, Luke

    2013-01-01

    Due to basic processes of psychological essentialism and contagion, one particular token of monetary currency is not always interchangeable with another piece of currency of equal economic value. When money loses its physical form it is perceived as "not quite the same" money (i.e., to have partly lost the original essence that distinguished it…

  4. money lending law and regulation of consumer credit in nigeria

    African Journals Online (AJOL)

    Mofasony

    MONEY LENDING LAW AND REGULATION OF CONSUMER. CREDIT IN NIGERIA*. Abstract. Money lending is an indispensible consumer credit device in Nigeria as it is elsewhere. At the outset of the practice it was rift with abuses on the part of the lenders as desperate borrowers had no choice but to accept oppressive ...

  5. The Dual Role of Money and Optimal Financial Taxes

    NARCIS (Netherlands)

    Huizinga, H.P.

    1996-01-01

    This paper reconsiders the optimal taxation of money and other financial assets.The optimal tax formulae reflect that money provides liquidity services and is a saving vehicle.In fact, it is useful to reformulate the optimal tax problem to allow for separate taxes on the liquidity and saving

  6. Gender, Academic Major and the Love of Money by University ...

    African Journals Online (AJOL)

    ... the love of money of university students on the basis of gender and the academic major (business and non-business). Data was collected through the use of self-administered questionnaire in a survey. The love of money questionnaire developed by Tang and Chiu was adapted for the study. Descriptive statistics and the ...

  7. Money giveth, money taketh away: the dual effect of wealth on happiness.

    Science.gov (United States)

    Quoidbach, Jordi; Dunn, Elizabeth W; Petrides, K V; Mikolajczak, Moïra

    2010-06-01

    This study provides the first evidence that money impairs people's ability to savor everyday positive emotions and experiences. In a sample of working adults, wealthier individuals reported lower savoring ability (the ability to enhance and prolong positive emotional experience). Moreover, the negative impact of wealth on individuals' ability to savor undermined the positive effects of money on their happiness. We experimentally exposed participants to a reminder of wealth and produced the same deleterious effect on their ability to savor as that produced by actual individual differences in wealth, a result supporting the theory that money has a causal effect on savoring. Moving beyond self-reports, we found that participants exposed to a reminder of wealth spent less time savoring a piece of chocolate and exhibited reduced enjoyment of it compared with participants not exposed to wealth. This article presents evidence supporting the widely held but previously untested belief that having access to the best things in life may actually undercut people's ability to reap enjoyment from life's small pleasures.

  8. 17 CFR 270.12d1-1 - Exemptions for investments in money market funds.

    Science.gov (United States)

    2010-04-01

    ... money market funds. 270.12d1-1 Section 270.12d1-1 Commodity and Securities Exchanges SECURITIES AND... Exemptions for investments in money market funds. (a) Exemptions for acquisition of money market fund shares... issued by a money market fund; and (2) A money market fund, any principal underwriter thereof, and a...

  9. 50 CFR 84.44 - What is the timetable for the use of grant money?

    Science.gov (United States)

    2010-10-01

    ... money? 84.44 Section 84.44 Wildlife and Fisheries UNITED STATES FISH AND WILDLIFE SERVICE, DEPARTMENT OF... WETLANDS CONSERVATION GRANT PROGRAM Conditions on Acceptance/Use of Federal Money § 84.44 What is the timetable for the use of grant money? Once money is granted to the coastal States, the money is available to...

  10. MONEY TRANSFERS VIA ONLINE PLATFORMS - LOGISTICS FOR BUSINESS DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    CLAUDIA ISAC

    2016-10-01

    Full Text Available In this paper I have presented 3 of the money transfer platforms which operate via the Internet. The development of the Internet, electronic commerce and money transfers due to international migration and movement of people directly determines the improvement of money transfer processes, so as to find the best tools for money transfers at minimum costs and high transfer speeds, implying secure trading and personal data privacy. In this context I have compared the three most frequently used trading platforms PayPall, transferGo, TransferWise, also including a presentation of each of them. I have also done a more detailed analysis of the evolution of PayPall in Romania and on the international market due to the high amounts of money and the number of transactions. I have completed the work with a brief presentation of the financial trends and especially of trading via the Internet.

  11. Do subtle reminders of money change people's political views?

    Science.gov (United States)

    Rohrer, Doug; Pashler, Harold; Harris, Christine R

    2015-08-01

    A number of researchers have reported studies showing that subtle reminders of money can alter behaviors and beliefs that are seemingly unrelated to money. In 1 set of studies published in this journal, Caruso, Vohs, Baxter, and Waytz (2013) found that incidental exposures to money led subjects to indicate greater support for inequality, socioeconomic differences, group-based discrimination, and free market economies. We conducted high-powered replication attempts of these 4 money priming effects and found no evidence of priming (weighted Cohen's d = 0.03). We later learned that Caruso et al. also found several null effects in their line of research that were not reported in the original article. In addition, the money priming effect observed in the first study of Caruso et al. was included in the Many Labs Replication Project (Klein et al., 2014), and only 1 of the 36 labs was able to find the effect. (c) 2015 APA, all rights reserved).

  12. An absolute scale for measuring the utility of money

    Science.gov (United States)

    Thomas, P. J.

    2010-07-01

    Measurement of the utility of money is essential in the insurance industry, for prioritising public spending schemes and for the evaluation of decisions on protection systems in high-hazard industries. Up to this time, however, there has been no universally agreed measure for the utility of money, with many utility functions being in common use. In this paper, we shall derive a single family of utility functions, which have risk-aversion as the only free parameter. The fact that they return a utility of zero at their low, reference datum, either the utility of no money or of one unit of money, irrespective of the value of risk-aversion used, qualifies them to be regarded as absolute scales for the utility of money. Evidence of validation for the concept will be offered based on inferential measurements of risk-aversion, using diverse measurement data.

  13. What motivates money donation? A study on external motivators

    Directory of Open Access Journals (Sweden)

    Nivea Coelho Degasperi

    Full Text Available Abstract The objective of this study is to identify external motivating factors that favor individual money donation. Methodologically, we adopted a descriptive and quantitative cross-sectional study. In order to collect data, we prepared a questionnaire containing 49 statements based on external motivating variables of regular individual money donation found in the literature on the subject. After testing the questionnaire, we applied it to 1073 Brazilians, regular money donors and we performed an exploratory factor analysis. Conclusively, we identified 8 external factors that motivate individual money donation: Trust, Reward, Leadership influences, Characteristics of the organization, Environmental influences, Personal benefits, Characteristics of beneficiaries and Future Interests. We expect that these 8 factors combined, could become a useful tool to improve the management of charitable organizations, especially in defining campaigns or other marketing strategies to attract new donors and raise funds on occasions that are favorable to individual money donation.

  14. Money and War Murray Rothbard’s A History of Money and Banking in the United States

    Directory of Open Access Journals (Sweden)

    Leonidas Zelmanovitz

    2010-07-01

    Full Text Available This paper is a presentation and an interpretation of Murray Rothbard’s views on the relation between the fiscal necessities brought by war and interventionism in Money and Banking as read from his book A History of Money and Banking in the United States.

  15. Inside money, procyclical leverage, and banking catastrophes.

    Directory of Open Access Journals (Sweden)

    Charles D Brummitt

    Full Text Available We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible into currency at par can generate a collapse in asset prices and widespread bank insolvency. The banks and investors share a common belief about the future value of certain long-term assets, but they have different objective functions; changes to this common belief result in portfolio adjustments and trade. Positive belief shocks induce banks to buy risky assets from investors, and the banks finance those purchases by issuing new short-term liabilities. Negative belief shocks induce banks to sell assets in order to reduce their chance of insolvency to a tolerably low level, and they supply more assets at lower prices, which can result in multiple market-clearing prices. A sufficiently severe negative shock causes the set of equilibrium prices to contract (in a manner given by a cusp catastrophe, causing prices to plummet discontinuously and banks to become insolvent. Successive positive and negative shocks of equal magnitude do not cancel; rather, a banking catastrophe can occur even if beliefs simply return to their initial state. Capital requirements can prevent crises by curtailing the expansion of balance sheets when beliefs become more optimistic, but they can also force larger price declines. Emergency asset price supports can be understood as attempts by a central bank to coordinate expectations on an equilibrium with solvency.

  16. Inside Money, Procyclical Leverage, and Banking Catastrophes

    Science.gov (United States)

    Brummitt, Charles D.; Sethi, Rajiv; Watts, Duncan J.

    2014-01-01

    We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible into currency at par) can generate a collapse in asset prices and widespread bank insolvency. The banks and investors share a common belief about the future value of certain long-term assets, but they have different objective functions; changes to this common belief result in portfolio adjustments and trade. Positive belief shocks induce banks to buy risky assets from investors, and the banks finance those purchases by issuing new short-term liabilities. Negative belief shocks induce banks to sell assets in order to reduce their chance of insolvency to a tolerably low level, and they supply more assets at lower prices, which can result in multiple market-clearing prices. A sufficiently severe negative shock causes the set of equilibrium prices to contract (in a manner given by a cusp catastrophe), causing prices to plummet discontinuously and banks to become insolvent. Successive positive and negative shocks of equal magnitude do not cancel; rather, a banking catastrophe can occur even if beliefs simply return to their initial state. Capital requirements can prevent crises by curtailing the expansion of balance sheets when beliefs become more optimistic, but they can also force larger price declines. Emergency asset price supports can be understood as attempts by a central bank to coordinate expectations on an equilibrium with solvency. PMID:25136959

  17. Central bank independence and its effect on money market stability

    Directory of Open Access Journals (Sweden)

    MSc. Anera Alishani

    2012-06-01

    Full Text Available Since 1990s many countries have moved toward greater central bank independence (CBI by either amending their Central Bank’s laws or writing them de novo. Also countries of Western Balkans and many other transition countries have moved toward greater CBI. There are many potential benefits associated with greater CBI, and one of them is stable growth of money and liquidity. For a given level of money market development the hypothesis is that a more independent CB is likely to promote more stable growth of money supply (Dželetović et al., 2008. As a result the main research task of this work is to estimate the effects of CBI on money market growth for five Western Balkans countries and five other European transition countries. Because the empirical studies were very limited for the relationship between CBI and money market growth, there were no clear conclusions. In addition, there were different measuring methodologies that attempt to quantify the extent of legal and actual CBI. Related to the main research task, this dissertation has examined the effects of CBI on money market stability (proxied by bank deposit growth for a sample of 10 countries for a period from 1999-2009 by using fixed effect model. Through this methodology different regressions have been estimated, but the results were not robust and there are no clear finding on the relationship between CBI and money market growth.

  18. Pennies from heaven? Conceptions and earmarking of lottery prize money.

    Science.gov (United States)

    Hedenus, Anna

    2014-06-01

    The source of money has been shown to be important for how money is spent. In addition, sudden wealth is often associated with social and psychological risks. This article investigates if conceptions of lottery prize money--as a special kind of money--imply restrictions on how it can be spent. Analysis of interviews with lottery winners shows that interviewees use earmarking of the prize money as a strategy for avoiding the pitfalls associated with a lottery win. Conceptions of lottery prize money as 'a lot' or as 'a little', as shared or personal, and as an opportunity or a risk, influences the ends for which it is earmarked: for self-serving spending, a 'normal' living standard, paying off loans, saving for designated purposes, or for economic security and independence. Clearly defining and earmarking lottery prize money thus helps lottery winners construe their sudden wealth, not as a risk, but as 'pennies from heaven.' © London School of Economics and Political Science 2014.

  19. 75 FR 81377 - Prohibited Service at Savings and Loan Holding Companies; Reinstitution of Expiration Date of...

    Science.gov (United States)

    2010-12-28

    ... involving dishonesty, breach of trust, or money laundering (or who has agreed to enter into a pretrial... of trust, or money laundering (or who has agreed to enter into a pretrial diversion or similar...

  20. 77 FR 41883 - Submission for OMB Review; Comment Request

    Science.gov (United States)

    2012-07-16

    ... currently approved collection. Title: Anti-Money Laundering Programs for Dealers in Precious Metals... establish and maintain a written anti-money laundering program. A copy of the written program must be...

  1. Measuring value for money: a scoping review on economic evaluation of health information systems.

    Science.gov (United States)

    Bassi, Jesdeep; Lau, Francis

    2013-01-01

    To explore how key components of economic evaluations have been included in evaluations of health information systems (HIS), to determine the state of knowledge on value for money for HIS, and provide guidance for future evaluations. We searched databases, previously collected papers, and references for relevant papers published from January 2000 to June 2012. For selection, papers had to: be a primary study; involve a computerized system for health information processing, decision support, or management reporting; and include an economic evaluation. Data on study design and economic evaluation methods were extracted and analyzed. Forty-two papers were selected and 33 were deemed high quality (scores ≥ 8/10) for further analysis. These included 12 economic analyses, five input cost analyses, and 16 cost-related outcome analyses. For HIS types, there were seven primary care electronic medical records, six computerized provider order entry systems, five medication management systems, five immunization information systems, four institutional information systems, three disease management systems, two clinical documentation systems, and one health information exchange network. In terms of value for money, 23 papers reported positive findings, eight were inconclusive, and two were negative. We found a wide range of economic evaluation papers that were based on different assumptions, methods, and metrics. There is some evidence of value for money in selected healthcare organizations and HIS types. However, caution is needed when generalizing these findings. Better reporting of economic evaluation studies is needed to compare findings and build on the existing evidence base we identified.

  2. The pursuit of happiness: time, money, and social connection.

    Science.gov (United States)

    Mogilner, Cassie

    2010-09-01

    Does thinking about time, rather than money, influence how effectively individuals pursue personal happiness? Laboratory and field experiments revealed that implicitly activating the construct of time motivates individuals to spend more time with friends and family and less time working-behaviors that are associated with greater happiness. In contrast, implicitly activating money motivates individuals to work more and socialize less, which (although productive) does not increase happiness. Implications for the relative roles of time versus money in the pursuit of happiness are discussed.

  3. Can health promotion programs save Medicare money?

    Directory of Open Access Journals (Sweden)

    Ron Z Goetzel

    2007-04-01

    Full Text Available Ron Z Goetzel1, David Shechter2, Ronald J Ozminkowski1, David C Stapleton3, Pauline J Lapin4, J Michael McGinnis5, Catherine R Gordon6, Lester Breslow71Institute for Health and Productivity Studies, Cornell University, Washington, DC; 2Health and Productivity Research, Thomson Medstat, Santa Barbara, CA; 3Cornell Institute for Policy Research, Cornell University, Washington, DC; 4Office of Research, Development, and Information, Centers for Medicare and Medicaid Services, Baltimore, MD; 5National Academy of Sciences, Institute of Medicine, The National Academies, Washington, DC; 6Office of the Director, Centers for Disease Control and Prevention, Washington, DC; 7UCLA School of Public Health, Dept. of Health Services, Los Angeles, CA, USAAbstract: The impact of an aging population on escalating US healthcare costs is influenced largely by the prevalence of chronic disease in this population. Consequently, preventing or postponing disease onset among the elderly has become a crucial public health issue. Fortunately, much of the total burden of disease is attributable to conditions that are preventable. In this paper, we address whether well-designed health promotion programs can prevent illness, reduce disability, and improve the quality of life. Furthermore, we assess evidence that these programs have the potential to reduce healthcare utilization and related expenditures for the Medicare program. We hypothesize that seniors who reduce their modifiable health risks can forestall disability, reduce healthcare utilization, and save Medicare money. We end with a discussion of a new Senior Risk Reduction Demonstration, which will be initiated by the Centers for Medicare and Medicaid Services in 2007, to test whether risk reduction programs developed in the private sector can achieve health improvements among seniors and a positive return on investment for the Medicare program.Keywords: health promotion, return on investment, Medicare, financial

  4. Bioactivity and laundering resistance of five commercially available, factory-treated permethrin-impregnated fabrics for the prevention of mosquito-borne diseases: the need for a standardized testing and licensing procedure.

    Science.gov (United States)

    Faulde, Michael K; Pages, Frederic; Uedelhoven, Waltraud

    2016-04-01

    Personal protective measures against hematophagous vectors constitute the first line of defense against arthropod-borne diseases. In this regard, a major advance has been the development of residual insecticides that can be impregnated into clothing. Currently, however, information on specific treatment procedures, initial insecticide concentrations, arthropod toxicity, residual activity, and laundering resistance is either fragmentary or non-existent, and no World Health Organization Pesticides Evaluation Scheme or other guidelines exist for the standardized testing and licensing of insecticide-treated clothing. The aim of this study was to analyze the insecticide content, contact toxicity, laundering resistance, and residual activity of five commercially available and commonly used permethrin-treated fabrics-Insect Shield, ExOfficio, Sol's Monarch T-shirts, battle dress uniforms (BDUs), and Labonal socks-against vector-competent Aedes aegypti, Anopheles stephensi, and Culex pipiens mosquitoes under laboratory conditions. Prior to laundering, permethrin concentrations ranged from 4300 to 870 mg/m(2) whereas, after 100 defined machine launderings, the remaining permethrin content fell to between 1800 and 20 mg/m(2), a percentage permethrin loss of 58.1 to 98.5 %. The highest 99 % knockdown (KD99) efficacy of permethrin was detected in Ae. aegypti, followed by An. stephensi and Cx. pipiens demonstrating that Ae. aegypti is the most sensitive species and Cx. pipiens the least sensitive. After 100 launderings, the remaining biocidal efficacy differed markedly among the five brands, with KD99 times varying from 38.8 ± 2.9 to >360 min for Ae. aegypti, from 44 ± 3.5 to >360 min for An. stephensi, and from 98 ± 10.6 to >360 min for Cx. pipiens. Overall, the ranking of the residual biocidal efficacies within the five brands tested was as follows: BDU ≈ Labonal > Sol's Monarch > ExOfficio > Insect Shield. When applying German Armed Forces

  5. Money, Inflation and Growth Relationship: The Turkish Case

    National Research Council Canada - National Science Library

    Cuma Bozkurt

    2014-01-01

    .... While the course of the relationship between money supply and inflation is evident in general terms, an overall tendency related to the relationship between inflation and growth hasn't been clarified...

  6. Methods of Analysis of Electronic Money in Banks

    National Research Council Canada - National Science Library

    Melnychenko Oleksandr V

    2014-01-01

    The article identifies methods of analysis of electronic money, formalises its instruments and offers an integral indicator, which should be calculated by issuing banks and those banks, which carry...

  7. Analysis of Why the Renal Dialysis Unit is Losing Money

    National Research Council Canada - National Science Library

    Moore, Leslie

    1997-01-01

    .... Despite efforts to remain competitive by procuring "state of the art" equipment intended to decrease treatment times and result in cost savings, the renal dialysis product line was losing money...

  8. A model for measuring value for money in professional sports

    Directory of Open Access Journals (Sweden)

    Vlad ROŞCA

    2013-07-01

    Full Text Available Few to almost none sports teams measure the entertainment value they provide to fans in exchange of the money the latter ones spend on admission fees. Scientific literature oversees the issue as well. The aim of this paper is to present a model that can be used for calculating value for money in the context of spectating sports. The research question asks how can value for money be conceptualized and measured for sports marketing purposes? Using financial and sporting variables, the method calculates how much money, on average, a fan had to spend for receiving quality entertainment – defined as won matches – from his favorite team, during the last season of the Romanian first division football championship. The results only partially confirm the research hypothesis, showing that not just price and sporting performances may influence the value delivered to fans, but other factors as well.

  9. An Evaluation of the Non-Neutrality of Money.

    Science.gov (United States)

    Moreira, Tito Belchior Silva; Tabak, Benjamin Miranda; Mendonça, Mario Jorge; Sachsida, Adolfo

    2016-01-01

    This paper evaluates the effect of a change in the quantity of money on relative prices in the U.S. economy based on quarterly time-series for the period of 1959 to 2013. We also estimate the implication of a change in relative prices on the rate of inflation and macroeconomic variables. The empirical results indicate that the change of money supply not only affects relative prices but also affects the inflation rate and real variables, such as investment, natural rate of unemployment and potential GDP, through the change in relative prices. The relevant finding of our study is that money is not neutral in a non-traditional sense because a change in the money supply disturbs relative prices and, consequently, the allocation of resources in the economy. This finding has serious implications that must be considered in the transmission mechanisms of monetary policy.

  10. An Evaluation of the Non-Neutrality of Money.

    Directory of Open Access Journals (Sweden)

    Tito Belchior Silva Moreira

    Full Text Available This paper evaluates the effect of a change in the quantity of money on relative prices in the U.S. economy based on quarterly time-series for the period of 1959 to 2013. We also estimate the implication of a change in relative prices on the rate of inflation and macroeconomic variables. The empirical results indicate that the change of money supply not only affects relative prices but also affects the inflation rate and real variables, such as investment, natural rate of unemployment and potential GDP, through the change in relative prices. The relevant finding of our study is that money is not neutral in a non-traditional sense because a change in the money supply disturbs relative prices and, consequently, the allocation of resources in the economy. This finding has serious implications that must be considered in the transmission mechanisms of monetary policy.

  11. On money as an institution and medium of exchange

    Directory of Open Access Journals (Sweden)

    Andreea Bucur

    2012-12-01

    Full Text Available In this working paper we attempted to analysis on money combining the economic and the institutional dimension, on the grounds that we cannot refer to money, in the context of analyzing the human society, strictly from a perspective or another, separately. The subject of our paper implies the concept of “money” approach from two perspectives: institutional and functional, so that thematic area concerns the socio-economic sphere and especially the financial-monetary one.

  12. Delay discounting and utility for money or weight loss

    OpenAIRE

    Sze, Y. Y.; Slaven, E. M.; Bickel, W. K.; Epstein, L. H.

    2017-01-01

    Summary Objective Obesity is related to a bias towards smaller immediate over larger delayed rewards. This bias is typically examined by studying single commodity discounting. However, weight loss often involves choices among multiple commodities. To our knowledge, no research has examined delay discounting of delayed weight loss compared with other commodities. Methods We examined single commodity discounting of money and cross commodity discounting of money and weight loss in a sample of 84...

  13. An ERP study on decisions between attractive females and money.

    Science.gov (United States)

    Zeng, Jianmin; Wang, Yujiao; Zhang, Qinglin

    2012-01-01

    To investigate the neural processes of decision-makings between attractive females and money, we recorded 18 male participants' brain event-related potentials (ERPs) when they performed a novel task of deciding between viewing an attractive female's fuzzy picture in clear and gaining a certain amount of money. Two types of attractive females were included: sexy females and beautiful females. Several new electrophysiological discoveries were obtained as following. First, the beautiful females vs. money task (task B) elicited a larger positive ERP deflection (P2) than the sexy females vs. money task (task S) between 290 and 340 ms, and this probably related to the perception matching process between a visual input and an internal representation or expectation. Second, task S evoked greater negative ERP waves (N2) than task B during the time window of 340-390 ms, and this might relate to response conflict and cognitive monitoring for impulsive tendency. Third, the ERP positivity in task S was larger than task B in the time interval of 550-1000 ms, reflecting that sexy female images may have higher decision value for males than beautiful female images. Fourth, compared with choosing to gain money, choosing to view an attractive female evoked a larger late positive component (LPC) during the same time window, possibly because attractive females are more direct and evolutionarily earlier rewards for males than money amounts.

  14. A historical analysis of the theories of money

    Directory of Open Access Journals (Sweden)

    Farah Durani

    2016-03-01

    Full Text Available Money, the most complex idea to understand is labelled a subject of disagreement and a thorough confusion among economists. “Money” has been fortunate enough a topic to receive ample attention from the philosophers. Economic literature is replete with theories concerning the understanding and behavior of money from different historic eras. The present day knowledge of money is very limited when it comes to understanding what actually it can be. Most of the common strata of people believe that the money is something that is determined by the governments. People generally hold the view that citizens have a legitimate duty incumbent upon them to honor the payment systems stipulated by the authorities. This Research Paper aims at bringing together most of the prominent contributions of greatest philosophers of money and clearly demarcates various schools of monetary thought be it the Classical, Neo-Classical or the Heterodox. The aims of this chapter are to review the relevant theories concerning the understanding of money, to present the monetary dogmas of historical times in a proper chronological order, to establish a link between the predecessor and the successor, to elaborate on the most obscure confusions and their causes in an easy to understand parlance and to deviate from the mainstream to discuss the Heterodox yet appealing school of thought.

  15. Grandiose and Vulnerable Narcissism, Materialism, Money Attitudes, and Consumption Preferences.

    Science.gov (United States)

    Pilch, Irena; Górnik-Durose, Małgorzata E

    2017-02-17

    Narcissism is increasingly being investigated in the context of consumer attitudes and behavior. Previous research showed that narcissism is reflected in materialistic tendencies and money-related attitudes. However, almost all of these studies concerned the grandiose type of narcissism. We examined relationships of both grandiose and vulnerable narcissism with materialism, money attitudes, and consumption preferences in a nonstudent sample. The results showed that the two types of narcissism are equally associated with materialism and a tendency to conspicuous (public) consumption. Differences between grandiose and vulnerable narcissism with regard to money attitudes were observed. Materialism mediated most of the relationships between narcissism, money attitudes, and consumption preferences, but the patterns of mediation were different for grandiose and vulnerable subtypes. Mutual suppression occurred when grandiose narcissism and materialism predicted anxiety associated with money and when vulnerable narcissism and materialism predicted money perceived as a source of evil. The results suggested that not only grandiose, but also vulnerable narcissists may be prone to excessive consumption and that this can be explained by their materialistic tendencies.

  16. An ERP study on decisions between attractive females and money.

    Directory of Open Access Journals (Sweden)

    Jianmin Zeng

    Full Text Available To investigate the neural processes of decision-makings between attractive females and money, we recorded 18 male participants' brain event-related potentials (ERPs when they performed a novel task of deciding between viewing an attractive female's fuzzy picture in clear and gaining a certain amount of money. Two types of attractive females were included: sexy females and beautiful females. Several new electrophysiological discoveries were obtained as following. First, the beautiful females vs. money task (task B elicited a larger positive ERP deflection (P2 than the sexy females vs. money task (task S between 290 and 340 ms, and this probably related to the perception matching process between a visual input and an internal representation or expectation. Second, task S evoked greater negative ERP waves (N2 than task B during the time window of 340-390 ms, and this might relate to response conflict and cognitive monitoring for impulsive tendency. Third, the ERP positivity in task S was larger than task B in the time interval of 550-1000 ms, reflecting that sexy female images may have higher decision value for males than beautiful female images. Fourth, compared with choosing to gain money, choosing to view an attractive female evoked a larger late positive component (LPC during the same time window, possibly because attractive females are more direct and evolutionarily earlier rewards for males than money amounts.

  17. 76 FR 40114 - Semiannual Agenda

    Science.gov (United States)

    2011-07-07

    ..., money laundering, and other financial crime. The proposed changes are intended to address regulatory... for the use of prepaid access as a means for furthering money laundering, terrorist financing, and...) exempting certain categories of prepaid access products and services posing lower risks of money laundering...

  18. 22 CFR 140.3 - Definitions.

    Science.gov (United States)

    2010-04-01

    ... activities, including money laundering, relating to narcotic or psychotropic drugs, precursor chemicals, or other controlled substances. (f) Money laundering. The process whereby proceeds of criminal activity are... proceeds. The goal of money laundering is to make funds derived from or associated with illicit activity...

  19. 77 FR 25215 - Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing and Immediate...

    Science.gov (United States)

    2012-04-27

    ... Effectiveness of Proposed Rule Change To Amend Rules Regarding Clearing Member Anti-Money Laundering Programs.... ANTI-MONEY LAUNDERING AND ECONOMIC SANCTIONS COMPLIANCE Each clearing member shall develop and implement a written [anti- money laundering] compliance program approved in writing by senior management...

  20. 76 FR 5415 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Order Approving...

    Science.gov (United States)

    2011-01-31

    ... Notice of Proposed Rule Change Regarding Rule 4.20--Anti-Money Laundering Compliance Program January 25... amend CBOE Rule 4.20, Anti-Money Laundering Compliance Program, to require all Trading Permit Holders or... or TPH organization's existence to ensure anti-money laundering compliance is in place and...

  1. 78 FR 28924 - Self Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Science.gov (United States)

    2013-05-16

    ... Effectiveness of Proposed Rule Change Amending Rule Governing the Anti-Money Laundering Compliance Program May.... Purpose Financial institutions, including broker-dealers, must develop and implement Anti-Money Laundering... general public, which may be more susceptible to money laundering schemes than a strictly proprietary...

  2. Department of Treasury Semiannual Regulatory Agenda

    Science.gov (United States)

    2010-04-26

    ... financing, money laundering, and other financial crime. The proposed changes are intended to address... potential for the use of prepaid access as a means for furthering money laundering, terrorist financing, and...) exempting certain categories of prepaid access products and services posing lower risks of money laundering...

  3. 77 FR 74277 - Proposed Collection; Comment Request; Renewal Without Change of the Requirement for Information...

    Science.gov (United States)

    2012-12-13

    ... ``Act''), Public Law 107-56. Title III of the Act amends the anti-money laundering provisions of the...-5332, to promote the prevention, detection, and prosecution of international money laundering and the... institutions for the purpose of combating terrorism and money laundering is of paramount importance. As with...

  4. 75 FR 80560 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing of...

    Science.gov (United States)

    2010-12-22

    ... Proposed Rule Change Regarding Rule 4.20--Anti-Money Laundering Compliance Program December 16, 2010... 1. Purpose The purpose of the proposed rule change is to amend Rule 4.20-- Anti-Money Laundering... anti- money laundering compliance is in place and established at the outset of the Trading Permit...

  5. 75 FR 2929 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

    Science.gov (United States)

    2010-01-19

    ... information collection titled ``Bank Secrecy Act/Money Laundering Risk Assessment'' (a.k.a. Money Laundering...., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874-5274, or by electronic mail to... following information collection: Title: Bank Secrecy Act/Anti-Money Laundering Risk Assessment. OMB Number...

  6. 77 FR 70544 - Agency Information Collection Activities; Proposed Information Collection; Comment Request; Bank...

    Science.gov (United States)

    2012-11-26

    ... Collection; Comment Request; Bank Secrecy Act/Money Laundering Risk Assessment AGENCY: Office of the... Secrecy Act/Money Laundering Risk Assessment,'' also known as the Money Laundering Risk (MLR) System... addition, comments may be sent by fax to (202) 874-5274, or by electronic mail to [email protected

  7. 78 FR 15121 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Bank...

    Science.gov (United States)

    2013-03-08

    ... Review; Comment Request; Bank Secrecy Act/Money Laundering Risk Assessment AGENCY: Office of the... Secrecy Act/Money Laundering Risk Assessment,'' also known as the Money Laundering Risk (MLR) System. The... may be sent by fax to (571) 465-4326 or by electronic mail to [email protected] . You may...

  8. 39 CFR 762.15 - Postal Service payments not made by disbursement postal money order.

    Science.gov (United States)

    2010-07-01

    ... postal money order, and may be made by electronic funds transfer. ... postal money order. 762.15 Section 762.15 Postal Service UNITED STATES POSTAL SERVICE POSTAL SERVICE DEBT OBLIGATIONS; DISBURSEMENT POSTAL MONEY ORDERS DISBURSEMENT POSTAL MONEY ORDERS General, Definitions, Issuance...

  9. 42 CFR 3.404 - Amount of a civil money penalty.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Amount of a civil money penalty. 3.404 Section 3... money penalty. (a) The amount of a civil money penalty will be determined in accordance with paragraph (b) of this section and § 3.408 of this subpart. (b) The Secretary may impose a civil money penalty...

  10. 45 CFR 160.404 - Amount of a civil money penalty.

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 1 2010-10-01 2010-10-01 false Amount of a civil money penalty. 160.404 Section... RELATED REQUIREMENTS GENERAL ADMINISTRATIVE REQUIREMENTS Imposition of Civil Money Penalties § 160.404 Amount of a civil money penalty. (a) The amount of a civil money penalty will be determined in accordance...

  11. 48 CFR 1830.7002-4 - Determining imputed cost of money.

    Science.gov (United States)

    2010-10-01

    ... money. 1830.7002-4 Section 1830.7002-4 Federal Acquisition Regulations System NATIONAL AERONAUTICS AND... Determining imputed cost of money. (a) Determine the imputed cost of money for an asset under construction, fabrication, or development by applying a cost of money rate (see 1830.7002-2) to the representative...

  12. 39 CFR 762.43 - Issuance of substitute disbursement postal money order.

    Science.gov (United States)

    2010-07-01

    ... 39 Postal Service 1 2010-07-01 2010-07-01 false Issuance of substitute disbursement postal money...; DISBURSEMENT POSTAL MONEY ORDERS DISBURSEMENT POSTAL MONEY ORDERS Issuance of Substitutes for Lost, Destroyed, Mutilated, and Defaced Disbursement Postal Money Orders § 762.43 Issuance of substitute disbursement postal...

  13. 48 CFR 52.215-16 - Facilities Capital Cost of Money.

    Science.gov (United States)

    2010-10-01

    ... Money. 52.215-16 Section 52.215-16 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION....215-16 Facilities Capital Cost of Money. As prescribed in 15.408(h), insert the following provision: Facilities Capital Cost of Money (JUN 2003) (a) Facilities capital cost of money will be an allowable cost...

  14. 39 CFR 762.28 - Release of original disbursement postal money orders.

    Science.gov (United States)

    2010-07-01

    ... 39 Postal Service 1 2010-07-01 2010-07-01 false Release of original disbursement postal money...; DISBURSEMENT POSTAL MONEY ORDERS DISBURSEMENT POSTAL MONEY ORDERS Endorsements, Payment, Guaranties, Warranties and Processing of Disbursement Postal Money Orders § 762.28 Release of original disbursement postal...

  15. 17 CFR 1.21 - Care of money and equities accruing to customers.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 1 2010-04-01 2010-04-01 false Care of money and equities... COMMISSION GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT Customers' Money, Securities, and Property § 1.21 Care of money and equities accruing to customers. All money received directly or indirectly by...

  16. 39 CFR 762.27 - Processing of disbursement postal money orders by Federal Reserve Banks.

    Science.gov (United States)

    2010-07-01

    ... 39 Postal Service 1 2010-07-01 2010-07-01 false Processing of disbursement postal money orders by... DEBT OBLIGATIONS; DISBURSEMENT POSTAL MONEY ORDERS DISBURSEMENT POSTAL MONEY ORDERS Endorsements, Payment, Guaranties, Warranties and Processing of Disbursement Postal Money Orders § 762.27 Processing of...

  17. 76 FR 20451 - Proposed Collection; Comment Request; Renewal Without Change of the Registration of Money...

    Science.gov (United States)

    2011-04-12

    ... currency dealers or exchangers; check cashers; issuers of traveler's checks, money orders or stored value; sellers of traveler's checks, money orders or stored value; redeemers of traveler's checks, money orders or stored value; and money transmitters to register with the Department of the Treasury as required...

  18. The Design of a Large Scale Airline Network

    NARCIS (Netherlands)

    Carmona Benitez, R.B.

    2012-01-01

    Airlines invest a lot of money before opening new pax transportation services, for this reason, airlines have to analyze if their profits will overcome the amount of money they have to invest to open new services. The design and analysis of the feasibility of airlines networks can be done by using

  19. Mobile money, smallholder farmers, and household welfare in Kenya.

    Science.gov (United States)

    Kikulwe, Enoch M; Fischer, Elisabeth; Qaim, Matin

    2014-01-01

    The use of mobile phones has increased rapidly in many developing countries, including in rural areas. Besides reducing the costs of communication and improving access to information, mobile phones are an enabling technology for other innovations. One important example are mobile phone based money transfers, which could be very relevant for the rural poor, who are often underserved by the formal banking system. We analyze impacts of mobile money technology on the welfare of smallholder farm households in Kenya. Using panel survey data and regression models we show that mobile money use has a positive impact on household income. One important pathway is through remittances received from relatives and friends. Such remittances contribute to income directly, but they also help to reduce risk and liquidity constraints, thus promoting agricultural commercialization. Mobile money users apply more purchased farm inputs, market a larger proportion of their output, and have higher profits than non-users of this technology. These results suggest that mobile money can help to overcome some of the important smallholder market access constraints that obstruct rural development and poverty reduction.

  20. Mobile money, smallholder farmers, and household welfare in Kenya.

    Directory of Open Access Journals (Sweden)

    Enoch M Kikulwe

    Full Text Available The use of mobile phones has increased rapidly in many developing countries, including in rural areas. Besides reducing the costs of communication and improving access to information, mobile phones are an enabling technology for other innovations. One important example are mobile phone based money transfers, which could be very relevant for the rural poor, who are often underserved by the formal banking system. We analyze impacts of mobile money technology on the welfare of smallholder farm households in Kenya. Using panel survey data and regression models we show that mobile money use has a positive impact on household income. One important pathway is through remittances received from relatives and friends. Such remittances contribute to income directly, but they also help to reduce risk and liquidity constraints, thus promoting agricultural commercialization. Mobile money users apply more purchased farm inputs, market a larger proportion of their output, and have higher profits than non-users of this technology. These results suggest that mobile money can help to overcome some of the important smallholder market access constraints that obstruct rural development and poverty reduction.

  1. Mobile Money, Smallholder Farmers, and Household Welfare in Kenya

    Science.gov (United States)

    Kikulwe, Enoch M.; Fischer, Elisabeth; Qaim, Matin

    2014-01-01

    The use of mobile phones has increased rapidly in many developing countries, including in rural areas. Besides reducing the costs of communication and improving access to information, mobile phones are an enabling technology for other innovations. One important example are mobile phone based money transfers, which could be very relevant for the rural poor, who are often underserved by the formal banking system. We analyze impacts of mobile money technology on the welfare of smallholder farm households in Kenya. Using panel survey data and regression models we show that mobile money use has a positive impact on household income. One important pathway is through remittances received from relatives and friends. Such remittances contribute to income directly, but they also help to reduce risk and liquidity constraints, thus promoting agricultural commercialization. Mobile money users apply more purchased farm inputs, market a larger proportion of their output, and have higher profits than non-users of this technology. These results suggest that mobile money can help to overcome some of the important smallholder market access constraints that obstruct rural development and poverty reduction. PMID:25286032

  2. Homelessness and money mismanagement in Iraq and Afghanistan veterans.

    Science.gov (United States)

    Elbogen, Eric B; Sullivan, Connor P; Wolfe, James; Wagner, Henry Ryan; Beckham, Jean C

    2013-12-01

    We examined the empirical link between money mismanagement and subsequent homelessness among veterans. We used a random sample of Iraq and Afghanistan War era veterans from the National Post-Deployment Adjustment Survey in 2009-2011. Veterans were randomly selected from a roster of all US military service members in Operation Iraqi Freedom or Operation Enduring Freedom who were separated from active duty or in the Reserves/National Guard. Veterans (n = 1090) from 50 states and all military branches completed 2 waves of data collection 1 year apart (79% retention rate). Thirty percent reported money mismanagement (e.g., bouncing or forging a check, going over one's credit limit, falling victim to a money scam in the past year). Multivariate analysis revealed money mismanagement (odds ratio [OR] = 4.09, 95% CI = 1.87, 8.94) was associated with homelessness in the next year, as were arrest history (OR = 2.65, 95% CI = 1.33, 5.29), mental health diagnosis (OR = 2.59, 95% CI = 1.26, 5.33), and income (OR = 0.30, 95% CI = 0.13, 0.71). Money mismanagement, reported by a substantial number of veterans, was related to a higher rate of subsequent homelessness. The findings have implications for policymakers and clinicians, suggesting that financial education programs offered by the US Departments of Defense and Veterans Affairs may be targeted to effectively address veteran homelessness.

  3. Segmentation of Czech Consumers Based on the Attitudes Towards Money

    Directory of Open Access Journals (Sweden)

    Ivan Tomek

    2013-06-01

    Full Text Available Understanding current and potential customers´ behaviour is one of the key factors of marketing efficiency and it brings competitive advantage. Companies usually classify their customers and create client groups with similar characteristic features. Such grouping activity is called segmentation or typology. There are many possibilities how to obtain data for segmentation process (e.g. data mining, demographical segmentation, analyzing shopping behaviour, media behaviour or their combination. This paper concentrates on financial behaviour of the Czech population and brings a survey based on primary data. It takes into consideration aspects like attitude towards risk and savings and even aspects like money ethic and money role in the society. Seven consumer segments that differ in attitudes towards money were identified and described.

  4. Paper Money Value Change: Comparative Banking Fiqhiyyah Study

    Directory of Open Access Journals (Sweden)

    Hamzah Abdu Karim

    2015-10-01

    Full Text Available This article considered one of the significant issues in Islamicfinancial fiqh because it bears a close relation to financial commitment. Many fiqh treatments from a Sharia perspective were found in Islamic ancient fiqh. This issue was apparent in Islamic banks investment especially in murâbahah. The study concludes that it is a must who owes amount of money and its value changes to high or low to pay the value of money then,and not the actual amount. Furthermore, it shows that the  treatment of fluctuations in money value comes by linking its value with some indicators, including stable currency and the linkage to gold or silverDOI: 10.15408/aiq.v5i1.2561

  5. THE SOCIAL IMPACT OF FAKE MONEY AND EXCHANGE CONTROL

    Directory of Open Access Journals (Sweden)

    Evgeniy Stoyanov

    2016-03-01

    Full Text Available The article is devoted to the social impact that produces the control exerted on the condition and suitability of the currency used. The aim of the exhibition is related to the disclosure of the nature of the phenomenon of "fake" money, and the control and prevention of their use and distribution. The tasks arising from the defined objective are aimed at revealing the characteristics of fake money, getting acquainted with the requisites of protecting real money and detection mechanisms to implement effective control and prevention work in this direction into the economic reality. The objectives determine the use of methods such as historical flashback and others with a strong analytical nature.

  6. Paper Money Value Change: Comparative Banking Fiqhiyyah Study

    Directory of Open Access Journals (Sweden)

    Hamzah Abdul Karim Hamid

    2015-10-01

    Full Text Available This article considered one of the significant issues in Islamic financial fiqh because it bears a close relation to financial commitment. Many fiqh treatments from a Sharia perspective were found in Islamic ancient fiqh. This issue was apparent in Islamic banks investment especially in murabahah. The study concludes that it is a must who owes amount of money and its value changes to high or low to pay the value of money then, and not the actual amount. Furthermore, it shows that the treatment of fluctuations in money value comes by linking its value with some indicators, including stable currency and the linkage to gold or silver.DOI: 10.15408/aiq.v5i1.2115

  7. "More money for health - more health for the money": a human resources for health perspective

    Directory of Open Access Journals (Sweden)

    Jones Iain

    2011-07-01

    Full Text Available Abstract Background At the MDG Summit in September 2010, the UN Secretary-General launched the Global Strategy for Women's and Children's Health. Central within the Global Strategy are the ambitions of "more money for health" and "more health for the money". These aim to leverage more resources for health financing whilst simultaneously generating more results from existing resources - core tenets of public expenditure management and governance. This paper considers these ambitions from a human resources for health (HRH perspective. Methods Using data from the UK Department for International Development (DFID we set out to quantify and qualify the British government's contributions on HRH in developing countries and to establish a baseline.. To determine whether activities and financing could be included in the categorisation of 'HRH strengthening' we adopted the Agenda for Global Action on HRH and a WHO approach to the 'working lifespan' of health workers as our guiding frameworks. To establish a baseline we reviewed available data on Official Development Assistance (ODA and country reports, undertook a new survey of HRH programming and sought information from multilateral partners. Results In financial year 2008/9 DFID spent £901 million on direct 'aid to health'. Due to the nature of the Creditor Reporting System (CRS of the Organisation for Economic Co-operation and Development (OECD it is not feasible to directly report on HRH spending. We therefore employed a process of imputed percentages supported by detailed assessment in twelve countries. This followed the model adopted by the G8 to estimate ODA on maternal, newborn and child health. Using the G8's model, and cognisant of its limitations, we concluded that UK 'aid to health' on HRH strengthening is approximately 25%. Conclusions In quantifying DFID's disbursements on HRH we encountered the constraints of the current CRS framework. This limits standardised measurement of ODA on HRH

  8. The money market in Montenegro: Conditions, development and outlook

    Directory of Open Access Journals (Sweden)

    Vukajlović-Grba Danijela

    2007-01-01

    Full Text Available The money market represents a segment of financial markets wherein the objects of trading are funds with short-term maturities. The money market in Montenegro is still in its early stages of development, and is characterized by a narrow scope of trading material and by a relatively narrow variety of participants. The reasons for such slow development of the Montenegrin money market are numerous: lack of regulations, dollarization as a model of monetary and foreign exchange regime, excessive liquidity of domestic banks, insufficient liquidity in the corporate sector, limited protection of creditor rights, and minimal corporate transparency. Short-term government bonds ("T-bills"-traded exclusively on the primary market-are the only short-term securities on the Montenegrin money market. Montenegrin banks are the biggest investors in T-bills. Foreign investors withdrew from the primary T-bill market after a decrease in T-bill interest rates. For a while, many considered that inadequate solutions in the Law on Securities were the main setbacks to organizing a secondary T-bill market. However, amendments to this Law did not spark the development of a T-bill market, nor any other short-term securities market. Adequate legislation is essential for the development of the money market, but it is not a sole precondition. A decrease in banks’ liquidity (as competition from other financial institutions increases and/or deposit interest rates decline is important to induce the money market’s development. We can expect a concurrent decrease in lending interest rates only as the conditions of creditor rights protection and business operations transparency improve. Only under such conditions can we expect banks and other financial and non-financial legal entities to begin issuing short-term securities.

  9. Accomplishments of the Oak Ridge National Laboratory Seed Money program

    Energy Technology Data Exchange (ETDEWEB)

    1986-09-01

    In 1974, a modest program for funding new, innovative research was initiated at ORNL. It was called the ''Seed Money'' program and has become part of a larger program, called Exploratory R and D, which is being carried out at all DOE national laboratories. This report highlights 12 accomplishments of the Seed Money Program: nickel aluminide, ion implantation, laser annealing, burn meter, Legionnaires' disease, whole-body radiation counter, the ANFLOW system, genetics and molecular biology, high-voltage equipment, microcalorimeter, positron probe, and atom science. (DLC)

  10. Accomplishments of the Oak Ridge National Laboratory Seed Money program

    Science.gov (United States)

    1986-09-01

    In 1974, a modest program for funding new, innovative research was initiated at ORNL. It was called the "Seed Money" program and has become part of a larger program, called Exploratory R and D, which is being carried out at all DOE national laboratories. This report highlights 12 accomplishments of the Seed Money Program: nickel aluminide, ion implantation, laser annealing, burn meter, Legionnaires' disease, whole-body radiation counter, the ANFLOW system, genetics and molecular biology, high-voltage equipment, microcalorimeter, positron probe, and atom science. (DLC)

  11. Money attitude of Ukrainian young people: socio-demographic aspect

    Directory of Open Access Journals (Sweden)

    MARIANNA SIMKIV

    2013-09-01

    Full Text Available The article presents the results of research on social and demographic factors of Ukr health literacy, health culture, young adults, concepts of health and healthy lifestyle, motivations, forms of communication, learning methods ainian youth money attitudes. The aim of the research is to identify dependency between money attitudes of the young people and such social and demographic characteristics as sex, age, education, place of residence, place of employment, employment position and level of income. The research required application of survey and questionnaire methods as well as statistical methods of results processing.

  12. The Value of Time and the Transactions Demand for Money.

    OpenAIRE

    Dowd, Kevin

    1990-01-01

    This paper reexamines the hypothesis of Dean S. Dutton and William P. Gramm, and Edi Karni that the wage rate influences the demand for money as a proxy for the value of transactions time. It develops "value of time" transactions models, which yield demand for money equations that have a real wage rate argument, and compares it to a "non value of time" alternative that does not. The author finds that the "value of time" models perform well and that the "value of time" effect is empirically si...

  13. Adaptive Estimation of Heteroscedastic Money Demand Model of Pakistan

    Directory of Open Access Journals (Sweden)

    Muhammad Aslam

    2007-07-01

    Full Text Available For the problem of estimation of Money demand model of Pakistan, money supply (M1 shows heteroscedasticity of the unknown form. For estimation of such model we compare two adaptive estimators with ordinary least squares estimator and show the attractive performance of the adaptive estimators, namely, nonparametric kernel estimator and nearest neighbour regression estimator. These comparisons are made on the basis standard errors of the estimated coefficients, standard error of regression, Akaike Information Criteria (AIC value, and the Durban-Watson statistic for autocorrelation. We further show that nearest neighbour regression estimator performs better when comparing with the other nonparametric kernel estimator.

  14. 'At Least I Didn't Lose Money'

    DEFF Research Database (Denmark)

    Stephens, Thomas Alexander; Tyran, Jean-Robert Karl

    (monetary) values. Real losses may therefore loom larger in people’s minds when they lose money than when real losses are hidden by purely nominal gains. Using a survey experiment with a large and heterogeneous sample, we show that evaluations of housing transactions are systematically biased by purely......Loss aversion is one of the most robust findings to have emerged from behavioral economics. Surprisingly little attention, however, has been devoted to nominal loss aversion, the interaction of loss aversion and money illusion. People tend to think of transactions in terms of their nominal...

  15. The Origins of the Income Theory of Money

    OpenAIRE

    Menšík Josef

    2015-01-01

    The income theory of money was conceived in the 19th century, and in the first half of the 20th century it formed the backbone of all the main monetary approaches of the time. Yet, since it did so mostly implicitly rather than explicitly, and since the later developments moved economic theory in a different direction, the income theory of money is hardly remembered at present. While mainly accounting for the origins of the approach, I am also offering a brief comparison with the present mains...

  16. Making Money is not an End in Itself

    DEFF Research Database (Denmark)

    Svensson, Christian Franklin

    2014-01-01

    The different experiences, motivations and negotiations associated with the social and profit-making dimensions of money are of central concern to the employees of social enterprises. These negotiations become apparent because the social dimension plays a primary role within such organizations. C...

  17. Trend of Average Wages as Indicator of Hypothetical Money Illusion

    Directory of Open Access Journals (Sweden)

    Julian Daszkowski

    2010-06-01

    Full Text Available The definition of wage in Poland not before 1998 includes any value of social security contribution. Changed definition creates higher level of reported wages, but was expected not to influence the take home pay. Nevertheless, the trend of average wages, after a short period, has returned to its previous line. Such effect is explained in the term of money illusion.

  18. Macroeconomic Variables and Money Supply: Evidence from Nigeria

    African Journals Online (AJOL)

    This paper reviews the effect and implication of selected Macroeconomic variables on Money supply (M2), using derived secondary data gotten from the Central Bank statistical Bulleting (2013). Coupled with the application of econometric technique such as; O.L.S., causality test and Co-integration of time series data to ...

  19. Teaching Time Value of Money Using an Excel Retirement Model

    Science.gov (United States)

    Arellano, Fernando; Mulig, Liz; Rhame, Susan

    2012-01-01

    The time value of money (TVM) is required knowledge for all business students. It is traditionally taught in finance and accounting classes for use in various applications in the business curriculum. These concepts are also very useful in real life situations such as calculating the amount to save for retirement. This paper details a retirement…

  20. Money for health: The compensating variation of cardiovascular diseases

    NARCIS (Netherlands)

    Groot, W.; Maassen van den Brink, H.; Plug, E.

    2002-01-01

    This paper introduces a new method to calculate the extent to which individuals are willing to trade money for improvements in their health status. An individual welfare function of income (WFI) is applied to calculate the compensating income variation of health impairments. We believe that this

  1. Mobile Money and Local Development | CRDI - Centre de ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Financial services are typically delivered by large banks through physical buildings with dedicated tellers. New forms of mobile-based financial applications - known as mobile money - reduce operating costs and expand access to the financial system by the poor by offering an easy, efficient, safe and affordable means to ...

  2. Educational efficiency: value for money in public spending on schools

    OpenAIRE

    Peter Dolton; Oscar Marcenaro Gutierrez; Adam Still

    2015-01-01

    Which national education systems deliver the best value for money? Peter Dolton and colleagues rank 30 of the world's richest countries based on their expenditure on teacher costs (which account for 80% of education budgets) and the pupil outcomes they achieve. Finland, South Korea and the Czech Republic come out top of the list.

  3. Macroeconomic Variables and Money Supply: Evidence from Nigeria

    African Journals Online (AJOL)

    Nneka Umera-Okeke

    long and short run relationship and causality of employed variables. The results revealed that all variables were stationary at various lags and there exists a long run relationships between variables employed and it was discovered that apart from inflation having an inverse significance with Money supply (M2) and ...

  4. 78 FR 63465 - Adjusting Civil Money Penalties for Inflation

    Science.gov (United States)

    2013-10-24

    ... CORPORATION Adjusting Civil Money Penalties for Inflation AGENCY: Farm Credit System Insurance Corporation... Act of 1971, as amended. The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by... impose CMPs to regularly evaluate those CMPs and to adjust them periodically for inflation, so they...

  5. Money Supply, Interest Rate, and Economic Growth in Cameroon: A ...

    African Journals Online (AJOL)

    ... expansionary monetary policy in Cameroon. This work therefore recommends guided expansionary monetary policy as an instrument for growth and development in Cameroon in particular and the CEMAC zone in general. Key words: Dynamic, Money Supply, Interest Rates, Economic growth, Co-integration and Inflation.

  6. Money Supply, Interest Rate, and Economic Growth in Cameroon: A ...

    African Journals Online (AJOL)

    2008-12-11

    Dec 11, 2008 ... CEMAC zone in general. Key words: Dynamic, Money Supply, Interest Rates, Economic growth, Co-integration and Inflation. .... IR = Government Lending Rate and INFLA = Annual Inflation Growth Rate. means that either a right ... us what happens when any or all of the variables change. Equation (2.2) ...

  7. Evaluation of Learning Money Matters (LMM). Final Report

    Science.gov (United States)

    Spielhofer, Thomas; Kerr, David; Gardiner, Clare

    2009-01-01

    This report presents the final findings of research carried out by the National Foundation for Educational Research (NFER), as part of an independent evaluation on behalf of pfeg, of the Learning Money Matters (LMM) initiative. LMM provides help, support and advice for secondary schools in delivering personal finance education (PFE) to their…

  8. Fees for medical services: money and medicine | Schulenburg ...

    African Journals Online (AJOL)

    Fees for medical services: money and medicine. Carl Schulenburg. Full Text: EMAIL FULL TEXT EMAIL FULL TEXT · DOWNLOAD FULL TEXT DOWNLOAD FULL TEXT. Article Metrics. Metrics Loading ... Metrics powered by PLOS ALM · AJOL African Journals Online. HOW TO USE AJOL... for Researchers · for Librarians ...

  9. Show Me the Money! Neoliberalism at Work in Education

    Science.gov (United States)

    Ball, Stephen J.

    2012-01-01

    Neoliberalism is often addressed by commentators and critics as a set of ideas or a doctrine. This article considers neoliberalism as a set of financial practices and exchanges--as about money and profit--and goes on to suggest that as practitioners, researchers, activists we need to understand and engage with that logic and its mechanisms.…

  10. Mobile Money, Trade Credit and Economic Development : Theory and Evidence

    NARCIS (Netherlands)

    Beck, T.H.L.; Pamuk, H.; Uras, R.B.; Ramrattan, R.

    2015-01-01

    Using a novel enterprise survey from Kenya (FinAccess Business), we document a strong positive association between the use of mobile money as a method to pay suppliers and access to trade credit. We develop a dynamic general equilibrium model with heterogeneous entrepreneurs, imperfect credit

  11. Fees for medical services: money and medicine | Schulenburg ...

    African Journals Online (AJOL)

    Fees for medical services: money and medicine. Carl Schulenburg. Full Text: EMAIL FULL TEXT EMAIL FULL TEXT · DOWNLOAD FULL TEXT DOWNLOAD FULL TEXT · AJOL African Journals Online. HOW TO USE AJOL... for Researchers · for Librarians · for Authors · FAQ's · More about AJOL · AJOL's Partners · Terms ...

  12. Money Lending Law and Regulation of Consumer Credit in Nigeria ...

    African Journals Online (AJOL)

    Money lending is an indispensible consumer credit device in Nigeria as it is elsewhere. At the outset of the practice it was rift with abuses on the part of the lenders as desperate borrowers had no choice but to accept oppressive terms. The Moneylenders Ordinance 1927 was enacted at the federal level to check these ...

  13. Keynes's Lost Distinction Between Industrial and Financial Circulation of Money

    DEFF Research Database (Denmark)

    Jespersen, Jesper

    2010-01-01

    Although financial circulation is an important part of banks' balance sheets in the form of savings deposits, this is hardly discussed in monetary circuit theory. In this paper, we argue that monetary circuit theory would be more coherent if it were expanded to incorporate some aspects of Keynes'...... in his Treatise on Money....

  14. Central Bank Autonomy, The Money Stock And Price Developments ...

    African Journals Online (AJOL)

    This artcle uses on econometric model to analyse central bank policy on the money stock and prices by investigating the relationship among the components of the balance sheet using data from the BOT spanning from 1986 to 2001. The results indicate that the behavior of the BOTs balance sheet has strong implications of ...

  15. Prayer as Technique for Making Money: Citizenship Education as a ...

    African Journals Online (AJOL)

    Religion Dept

    Prayer as Technique for Making Money: Citizenship Education as a Solution to this. Problem. Okafor, Victor Emeka. Department of Social Studies,. Nwafor Orizu College of Education. Nsugbe, Anambra State. Abstract. In recent times the objectives of prayers in Christian churches have changed grossly. Rather than a way of.

  16. Naipes (axe moneys: a pre-Hispanic currency in Peru

    Directory of Open Access Journals (Sweden)

    John F. Merkel

    1998-11-01

    Full Text Available Between AD 900 and 1100 in northern Peru, high-status members of the Middle Siccin culture were buried in large tombs accompanied by elaborate grave goods that included gold, silver and copper objects, and also pieces of sheet metal known as naipes. Metallurgical study of naipes at the Institute supports the view that they were a form of "primitive money".

  17. Illicit Drug Trade, Black Money and Society in Western Amazon

    Directory of Open Access Journals (Sweden)

    Ali Akbar Sharifi

    2003-11-01

    Well-known families which have relations not only with criminal organizations but also with police forces, control cocaine market and obtain huge wealth which spreads their power and influence over this state. In this article, the author reviews the effects of cocaine trade on emerging black money as well as the influnce of criminal groups over society.

  18. Public-Private Partnerships : Risk Allocation and Value for Money

    NARCIS (Netherlands)

    Miranda Sarmento, J.; Renneboog, L.D.R.

    This paper reviews the literature on the allocation and valuation of public-private partnerships (PPPs). First, the paper discusses why governments pursue PPPs and how value for money (VfM) is achieved. Second, the paper reviews the principles of risk allocation and valuation from an academic and

  19. Public-Private Partnerships : Risk Allocation and Value for Money

    NARCIS (Netherlands)

    Miranda Sarmento, J.; Renneboog, L.D.R.

    2014-01-01

    This paper reviews the literature on the allocation and valuation of public-private partnerships (PPPs). First, the paper discusses why governments pursue PPPs and how value for money (VfM) is achieved. Second, the paper reviews the principles of risk allocation and valuation from an academic and

  20. Eastern European financial systems : the creation of inside money

    NARCIS (Netherlands)

    Perotti, E.C.

    1993-01-01

    This paper offers a classification of credit markets in transition economies. It describes a continuum of systems by identifying its polar cases: countries where the entire financial system still relies on outside money, mostly republics of the former Soviet Union; and those where a more

  1. Decomposing US Money Supply Changes since the Financial Crisis

    Directory of Open Access Journals (Sweden)

    Richard Robinson

    2013-06-01

    Full Text Available In response to the financial crisis of 2008, the Federal Reserve radically increased the monetary base. Banks responded by increasing excess reserves rather than increasing bank loans, and the public responded with a substantial flight to liquidity in the form of currency and demand deposits. As a result, the money-supply multipliers substantially decreased, so that the actual money supply measures grew more moderately than the base. The sustained multiplier-collapse spawned reexamination of monetary versus fiscal theories of price-level determination. This paper, however, presents decompositions of the money-multiplier collapse into changes in the currency-to-deposit ratios, and changes in the reserve-to-deposit ratio. By doing so, possible near-term increases in the multipliers are simulated so that the possibility of either full or partial restoration to their pre-crisis levels is assessed. Policy possibilities for controlling the money supply over various horizons follow. This analysis illustrates the Federal Reserve’s exit dilemma that results from its financial-crisis policy.

  2. Future Money-Related Worries among Adolescents after Divorce

    Science.gov (United States)

    Koerner, Susan Silverberg; Korn, Marcella; Dennison, Renee Peltz; Witthoft, Sara

    2011-01-01

    The present research examined adolescents' views of their future with respect to money and financial well-being via an open-ended question and inductive content analysis. The participants were adolescents (N = 255) whose parents were divorced between 5 and 24 months at the time of data collection. The most common worries pertained to (a) being…

  3. Opinion: Redefining the money market | Faure | African Review of ...

    African Journals Online (AJOL)

    The money market has traditionally been defined as the market for marketable short-term securities. It has deep historical roots. Today, it is not an illuminating definition. The genesis of interest rates, which is the quintessence of monetary policy implementation, does not originate in market for marketable short-term securities ...

  4. The Impact of the LCR on the Interbank Money Market

    NARCIS (Netherlands)

    Bonner, C.; Eijffinger, S.C.W.

    2012-01-01

    Abstract: This paper analyses the impact of the Basel 3 Liquidity Coverage Ratio (LCR) on the unsecured interbank money market and therefore on the implementation of monetary policy. Combining two unique datasets, we show that banks which are just above/below their short-term regulatory liquidity

  5. The Impact of the LCR on the Interbank Money Market

    NARCIS (Netherlands)

    Bonner, C.; Eijffinger, S.C.W.

    2012-01-01

    This paper analyses the impact of the Basel 3 Liquidity Coverage Ratio (LCR) on the unsecured interbank money market and therefore on the implementation of monetary policy. Combining two unique datasets, we show that banks which are just above/below their short-term regulatory liquidity requirement

  6. Macroeconomic Variables and Money Supply: Evidence from Nigeria

    African Journals Online (AJOL)

    Nneka Umera-Okeke

    Economist and finance scholars differ on the relationship between money supply and ... connotes that economic growth stimulate increased financial developments. ... Paper Structure. After this brief introduction, the paper is structured as follows. Section 2 provides a brief theoretical and empirical framework to this study, ...

  7. 31 CFR 103.41 - Registration of money services businesses.

    Science.gov (United States)

    2010-07-01

    ... registration number that may be assigned to the business at a location in the United States and for the period... (whether or not licensed as a money services business by any State) must register with the Department of.... 5330 and this section. This section does not apply to the United States Postal Service, to agencies of...

  8. Rapport: The Value for Money Discourse: Risks and Opportunities ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    optimisation des ressources exerce également une influence croissante sur ce qui revêt de l'importance pour les bailleurs de fonds. Le rapport The Value for Money Discourse: Risks and Opportunities for R4D a pour but de ...

  9. Macroeconomic Variables and Money Supply: Evidence from Nigeria

    African Journals Online (AJOL)

    Nneka Umera-Okeke

    This paper reviews the effect and implication of selected Macroeconomic variables ... the economy, due to its stupendous importance as a change in its amount can have a ... student who intent to do more research in this area and thus serve as .... period of money expansion and high inflation in the decade of the 1990's was.

  10. Using MSN Money to Perform Financial Ratio Analysis

    Science.gov (United States)

    Hsu, H. Christine

    2010-01-01

    In today's information technology world, real time financial data is readily available via many financial websites, such as MSN Money, Google Finance, Yahoo Finance, etc. The incorporation of computer technology in finance classes has become more popular than ever in this information technology rich environment. Mediated classrooms have rapidly…

  11. Energy Management in Higher Education: Value for Money Study.

    Science.gov (United States)

    Scottish Higher Education Funding Council, Edinburgh.

    This Value for Money project provides an update of the 1996 "Energy Management Study in the Higher Education Sector: National Report." It reviews the management arrangement for utilities in the higher education (HE) sector, and it identifies key actions and future issues that must be addressed by HE institutions in developing a strategic…

  12. Is time money? Media expenditures in economic and technological turbulence.

    NARCIS (Netherlands)

    McDonald, D.G.; Johnson, B.K.

    2013-01-01

    Recent years have seen changing and shifting technologies as well as an uncertain economic climate. This research focuses on how audiences have reacted to these shifts, using a number of different sources of data to test hypotheses related to spending time and money on media. We suggest that

  13. Security of Electronic Payment Systems Based on Digital Money

    Directory of Open Access Journals (Sweden)

    A. B. Vavrenyuk

    2011-12-01

    Full Text Available Electronic payment systems based on digital money are evaluated in terms of information protection. Mechanisms of protection of interests of bank-emitter, buyer and seller are described. Course of life of a digital denomination is resulted: transactions of removal from the account, purchase and transfer into the account.

  14. A Survey of Ten Money and Banking Textbooks.

    Science.gov (United States)

    Amsler, Christine E.

    1985-01-01

    Ten college-level money and banking textbooks were arrayed along six continua representing professors' major preferences when choosing a text. The continua topics are theoretical approach, complexity of presentation, theory/institution mix, nuts and bolts explanations, organizational approach, and writing style. (RM)

  15. Learning the Value of Money from Stochastically Varying Prices

    Science.gov (United States)

    Garling, Tommy; Gamble, Amelie; Juliusson, Asgeir

    2007-01-01

    In 3 experiments, the authors investigated learning of the value of money from product prices in an unfamiliar currency when the prices are proportional to quantity. In support of the second stage of a hypothesized 2-stage process of learning, Experiment 1, in which 32 undergraduates participated, shows that response times for inferences of…

  16. Equilibrium Price Dispersion in a Matching Model with Divisible Money

    NARCIS (Netherlands)

    Kamiya, K.; Sato, T.

    2002-01-01

    The main purpose of this paper is to show that, for any given parameter values, an equilibrium with dispersed prices (two-price equilibrium) exists in a simple matching model with divisible money presented by Green and Zhou (1998).We also show that our two-price equilibrium is unique in certain

  17. Mobile Money, Trade Credit and Economic Development : Theory and Evidence

    NARCIS (Netherlands)

    Beck, T.H.L.; Pamuk, H.; Uras, R.B.; Ramrattan, R.

    Using a novel enterprise survey from Kenya (FinAccess Business), we document a strong positive association between the use of mobile money as a method to pay suppliers and access to trade credit. We develop a dynamic general equilibrium model with heterogeneous entrepreneurs, imperfect credit

  18. Money Enhances Memory Consolidation--But Only for Boring Material

    Science.gov (United States)

    Murayama, Kou; Kuhbandner, Christof

    2011-01-01

    Money's ability to enhance memory has received increased attention in recent research. However, previous studies have not directly addressed the time-dependent nature of monetary effects on memory, which are suggested to exist by research in cognitive neuroscience, and the possible detrimental effects of monetary rewards on learning interesting…

  19. Trend of Average Wages as Indicator of Hypothetical Money Illusion

    OpenAIRE

    Julian Daszkowski

    2010-01-01

    The definition of wage in Poland not before 1998 includes any value of social security contribution. Changed definition creates higher level of reported wages, but was expected not to influence the take home pay. Nevertheless, the trend of average wages, after a short period, has returned to its previous line. Such effect is explained in the term of money illusion.

  20. 29 CFR 501.19 - Civil money penalty assessment.

    Science.gov (United States)

    2010-07-01

    ... violation(s); (6) Commitment to future compliance, taking into account the public health, interest or safety... workers. (c) A civil money penalty for each violation of the work contract or a requirement of 8 U.S.C... preceding the date of need or during the validity period of the job order, including any approved extension...

  1. 12 CFR 622.60 - Payment of civil money penalty.

    Science.gov (United States)

    2010-01-01

    ... Credit Administration.” Upon collection, the FCA will forward payment for penalties described in § 622.52... 622.60 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM RULES OF PRACTICE AND PROCEDURE Rules and Procedures for Assessment and Collection of Civil Money Penalties § 622.60 Payment of civil...

  2. Better maternal health needs more than just money | CRDI - Centre ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Health problems are about more than money,” says 2016 IDRC Research Award recipient Juan Carlos Rivillas. “If we want to achieve universal health coverage by 2030 — one of the UN Sustainable Development Goals — we need to take action on quality of care and inequalities in the use of health services. These are a ...

  3. Network Structure of Inter-Industry Flows

    NARCIS (Netherlands)

    McNerney, J.; Fath, B.D.; Silverberg, G.P.

    2015-01-01

    We study the structure of inter-industry relationships using networks of money flows between industries in 45 national economies. We find these networks vary around a typical structure characterized by a Weibull link weight distribution, exponential industry size distribution, and a common community

  4. Gender, Transnational Networks and Remittances: Evidence from Germany

    OpenAIRE

    Holst, Elke; Schäfer, Andrea; Schrooten, Mechthild

    2010-01-01

    Remittances from Germany are substantial. Cross-border transfers to family and friendship networks outside Germany are not only made by foreigners. Many naturalized migrants send money home as well. Here, we focus on international networks and gender-specific determinants of remittances from the senders' perspective, based on data from the German Socio-Economic Panel Study (SOEP) for the years 2001-2006. Our findings show, above all, that foreign women remit less money than foreign men. Using...

  5. Money-in-the-Utility-Function: Model Simulations and Money Demand Estimation in the Case of the Republic of Macedonia

    Directory of Open Access Journals (Sweden)

    Ivanov Mile

    2015-03-01

    Full Text Available This paper aims to reassess and analyze the dynamic interactions between money, prices and economic activity in the case of the Republic of Macedonia. The first part of the paper simulates the property of the superneutrality of money, based on Sidrauski’s (1967 framework. The second part presents the money demand estimations on the monetary aggregate M2 for the period from 2002 to 2012, using the cointegration approach. Following Cziráky and Gillman (2006, we examine the validity of the Fisher equation in the case of Macedonia. The Fisher equation does not hold in the case of Macedonia, so the inflation rate must be included in the money demand specification. The estimated cointegration equation is in line with economic theory. The cointegration equation shows income elasticity less than unity (0,81, small and negative interest rate semi-elasticity (-0.17 and negative elasticity with respect to inflation. The short-run dynamics reveal that only 2,70% of the disequilibrium is corrected in a single quarter. The properties of stability imply that the M2 aggregate may serve as a proper policy indicator.

  6. "Negative of My Money, Positive of Her Money": Secondary Students' Ways of Relating Equations to a Debt Context

    Science.gov (United States)

    Whitacre, Ian; Pierson Bishop, Jessica; Lamb, Lisa L.; Philipp, Randolph A.; Bagley, Spencer; Schappelle, Bonnie P.

    2015-01-01

    We interviewed 40 students each in grades 7 and 11 to investigate their integer-related reasoning. In one task, the students were asked to write and interpret equations related to a story problem about borrowing money from a friend. All the students solved the story problem correctly. However, they reasoned about the problem in different ways.…

  7. Profile Of Bacteria And Fungi On Money Coins | Kuria | East African ...

    African Journals Online (AJOL)

    Profile Of Bacteria And Fungi On Money Coins. ... Objectives: To determine the quantity and quality of bacterial and fungi on money coins and to identify those that could pose a public ... EMAIL FREE FULL TEXT EMAIL FREE FULL TEXT

  8. The Butcher, the Brewer, the Ba(n)ker and the Nature of Money

    DEFF Research Database (Denmark)

    Bjerg, Ole

    2017-01-01

    In these times of monetary crisis, the money question is too important to be left for bankers to decide.......In these times of monetary crisis, the money question is too important to be left for bankers to decide....

  9. 75 FR 33501 - Definitions for Regulations Affecting All Savings Associations; Money Market Deposit Accounts

    Science.gov (United States)

    2010-06-14

    ... (HOLA),\\2\\ OTS issued regulations addressing limits on certain types of savings accounts known as Money...'s authority under HOLA to raise funds through accounts, further specifies that ``12 CFR parts 204...

  10. Do we follow the money? The drivers of migration across regions in the EU

    Directory of Open Access Journals (Sweden)

    Andrés Rodríguez-Pose

    2015-12-01

    Full Text Available Most immigration theories tend to highlight that migration follows wealth and economic dynamism, but is this also the case across regions in Europe? The aim of the paper is to investigate whether migrants in Europe indeed follow the money and to contrast this with a variety of potential alternative explanations, including the presence of migrants from a similar origin. The analysis is based on panel data estimations including 133 European regions over a time period of 17 years. Different lag structures have been employed in order to distinguish between short- and long-run effects. The results cast some doubt about the prominence of pecuniary factors as a determinant of cross regional migration in Europe, with little evidence to support the idea that migration follows economic dynamism. Network effects, human capital related-, and ‘territorially embedded’ innovation enhancing regional characteristics, by contrast, seem to play a much stronger role than hitherto considered.

  11. A framework to investigate money attitudes and materialism

    Directory of Open Access Journals (Sweden)

    H. Duh

    2011-12-01

    Full Text Available Purpose and/or objectives: This paper presents a framework to investigate money attitudes and materialistic values. The conceptualization of the framework is guided by a critical review of literature. The intention is to provide a framework that will be useful to examine how various childhood family experiences influence later-life consumption orientations. Problem investigated: The differences in family resources represent one of the biggest distinctions between an intact and a disrupted family. The underlining question is whether children raised in disrupted families will experience lower levels of family resources (economic and emotional and find the experience stressful. If so, will these experiences influence them to adopt conservative money attitudes and be less materialistic or will they symbolically value money and be more materialistic? Design/methodology/approach: The development of a framework requires a critical review of secondary sources. The literature review is based on theories that provide an explanation of how childhood family experiences can affect the development of materialistic values and money attitudes. The secondary sources require careful scrutiny of journal articles, dissertations and essays in a number of libraries to provide more scholarly insight into the concepts and to assist in the conceptualisation of the framework. Findings and/or implications: Four main theories were found useful in conceptualizing the framework. They are Ryan and Deci's (2000 self-determination theory, Maslow's (1943 human need theory, Wicklund and Gollwitzer's (1982 symbolic self-completion theory and the life course theory contextualized by Moschis (2007. However, in line with Moschis' (2007 realization, the perspectives of the life course theory were found to be multi-disciplinary, multi-theoretical and thus innovative. They would therefore form the main theoretical guide for the design of the framework. Originality and/or value of the

  12. Deflation Expectation Financial System and Decline in Money Multiplier(in Japanese)

    OpenAIRE

    IIDA Yasuyuki

    2005-01-01

    The money multiplier is in a continuous downward trend now since the bubble burst, and, in addition, the trend has accelerated after 2000. It is said that the monetary policy is difficult because the money multiplier has declined. To think about the monetary policy for the future, we should think about the cause of the decline of the money multiplier. I want to verify two typical hypotheses "Deflation Expectation Hypothesis" and "Financial System Hypothesis" for the decision of the money mult...

  13. 24 CFR 1007.70 - Disqualification of lenders and civil money penalties.

    Science.gov (United States)

    2010-04-01

    ... civil money penalties. 1007.70 Section 1007.70 Housing and Urban Development Regulations Relating to....70 Disqualification of lenders and civil money penalties. (a) In general—(1) Grounds for action. HUD... or holder that are guaranteed under this part. (b) Civil money penalties for intentional violations...

  14. 26 CFR 301.6311-1 - Payment by check or money order.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 18 2010-04-01 2010-04-01 false Payment by check or money order. 301.6311-1... by check or money order. (a) Authority to receive—(1) In general. (i) District directors, Service... District of Columbia, or any possession of the United States, or money orders in payment for internal...

  15. 7 CFR 1610.6 - Concurrent Bank and RUS cost-of-money loans.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 11 2010-01-01 2010-01-01 false Concurrent Bank and RUS cost-of-money loans. 1610.6..., DEPARTMENT OF AGRICULTURE LOAN POLICIES § 1610.6 Concurrent Bank and RUS cost-of-money loans. (a) The Bank makes loans, under section 408 of the Act, concurrently with RUS cost-of-money loans made under section...

  16. 11 CFR 111.39 - When must the respondent pay the civil money penalty?

    Science.gov (United States)

    2010-01-01

    ... 11 Federal Elections 1 2010-01-01 2010-01-01 false When must the respondent pay the civil money... (2 U.S.C. 437g, 437d(a)) Administrative Fines § 111.39 When must the respondent pay the civil money... States, the respondent must remit payment of the civil money penalty within thirty (30) days of receipt...

  17. 27 CFR 70.61 - Payment by check or money order.

    Science.gov (United States)

    2010-04-01

    ... 27 Alcohol, Tobacco Products and Firearms 2 2010-04-01 2010-04-01 false Payment by check or money... Collection of Excise and Special (Occupational) Tax Receipt of Payment § 70.61 Payment by check or money... State, Territory, or possession of the United States, or money orders in payment for internal revenue...

  18. 45 CFR 150.305 - Determination of entity liable for civil money penalty.

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 1 2010-10-01 2010-10-01 false Determination of entity liable for civil money... With Respect to Issuers and Non-Federal Governmental Plans-Civil Money Penalties § 150.305 Determination of entity liable for civil money penalty. If a failure to comply is established under this Part...

  19. 17 CFR 270.30b1-7 - Monthly report for money market funds.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Monthly report for money... money market funds. (a) Report. Every registered open-end management investment company, or series thereof, that is regulated as a money market fund under § 270.2a-7 must file with the Commission a monthly...

  20. 42 CFR 3.402 - Basis for a civil money penalty.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 1 2010-10-01 2010-10-01 false Basis for a civil money penalty. 3.402 Section 3... money penalty. (a) General rule. A person who discloses identifiable patient safety work product in knowing or reckless violation of the confidentiality provisions shall be subject to a civil money penalty...

  1. 41 CFR 102-75.1155 - May an acceptable gift of property be converted to money?

    Science.gov (United States)

    2010-07-01

    ... of property be converted to money? 102-75.1155 Section 102-75.1155 Public Contracts and Property...-75.1155 May an acceptable gift of property be converted to money? GSA can determine whether or not a gift of property can and should be converted to money. After conversion, GSA must deposit the funds...

  2. 24 CFR 30.80 - Factors in determining amount of civil money penalty.

    Science.gov (United States)

    2010-04-01

    ... civil money penalty. 30.80 Section 30.80 Housing and Urban Development Office of the Secretary, Department of Housing and Urban Development CIVIL MONEY PENALTIES: CERTAIN PROHIBITED CONDUCT Procedures § 30.80 Factors in determining amount of civil money penalty. After determining that a respondent has...

  3. 45 CFR 160.402 - Basis for a civil money penalty.

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 1 2010-10-01 2010-10-01 false Basis for a civil money penalty. 160.402 Section... RELATED REQUIREMENTS GENERAL ADMINISTRATIVE REQUIREMENTS Imposition of Civil Money Penalties § 160.402 Basis for a civil money penalty. (a) General rule. Subject to § 160.410, the Secretary will impose a...

  4. 45 CFR 234.11 - Assistance in the form of money payments.

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 2 2010-10-01 2010-10-01 false Assistance in the form of money payments. 234.11... FINANCIAL ASSISTANCE TO INDIVIDUALS § 234.11 Assistance in the form of money payments. (a) Federal financial participation is available in money payments made under a State plan under title I, IV-A, X, XIV, or XVI of the...

  5. 26 CFR 1.305-2 - Distributions in lieu of money.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 4 2010-04-01 2010-04-01 false Distributions in lieu of money. 1.305-2 Section... (CONTINUED) INCOME TAXES Effects on Recipients § 1.305-2 Distributions in lieu of money. (a) In general... whether a distribution shall be made either in money or any other property, or in stock or rights to...

  6. 50 CFR 86.74 - What if I need more money?

    Science.gov (United States)

    2010-10-01

    ... 50 Wildlife and Fisheries 6 2010-10-01 2010-10-01 false What if I need more money? 86.74 Section...) PROGRAM How States Manage Grants § 86.74 What if I need more money? Funds for grants are available only on a competitive basis. Therefore, if you need more money, you must compete in the next grant cycle. ...

  7. 45 CFR 150.301 - General rule regarding the imposition of civil money penalties.

    Science.gov (United States)

    2010-10-01

    ... money penalties. 150.301 Section 150.301 Public Welfare DEPARTMENT OF HEALTH AND HUMAN SERVICES... Enforcement With Respect to Issuers and Non-Federal Governmental Plans-Civil Money Penalties § 150.301 General rule regarding the imposition of civil money penalties. If any health insurance issuer that is subject...

  8. 26 CFR 1.732-1 - Basis of distributed property other than money.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 8 2010-04-01 2010-04-01 false Basis of distributed property other than money... property other than money. (a) Distributions other than in liquidation of a partner's interest. The basis of property (other than money) received by a partner in a distribution from a partnership, other than...

  9. 12 CFR 218.741 - Exemption for banks effecting transactions in money market funds.

    Science.gov (United States)

    2010-01-01

    ... money market funds. 218.741 Section 218.741 Banks and Banking FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS... EXCHANGE ACT OF 1934 (REGULATION R) § 218.741 Exemption for banks effecting transactions in money market... issued by a money market fund, provided that: (1) The bank either (i) Provides the customer, directly or...

  10. 50 CFR 84.40 - What conditions must I follow to accept Federal grant money?

    Science.gov (United States)

    2010-10-01

    ... Federal grant money? 84.40 Section 84.40 Wildlife and Fisheries UNITED STATES FISH AND WILDLIFE SERVICE... COASTAL WETLANDS CONSERVATION GRANT PROGRAM Conditions on Acceptance/Use of Federal Money § 84.40 What conditions must I follow to accept Federal grant money? (a) The audit requirements for State and local...

  11. 11 CFR 100.52 - Gift, subscription, loan, advance or deposit of money.

    Science.gov (United States)

    2010-01-01

    ... money. 100.52 Section 100.52 Federal Elections FEDERAL ELECTION COMMISSION GENERAL SCOPE AND DEFINITIONS..., advance or deposit of money. (a) A gift, subscription, loan (except for a loan made in accordance with 11 CFR 100.72 and 100.73), advance, or deposit of money or anything of value made by any person for the...

  12. 48 CFR 52.215-17 - Waiver of Facilities Capital Cost of Money.

    Science.gov (United States)

    2010-10-01

    ... Capital Cost of Money. 52.215-17 Section 52.215-17 Federal Acquisition Regulations System FEDERAL... Provisions and Clauses 52.215-17 Waiver of Facilities Capital Cost of Money. As prescribed in 15.408(i), insert the following clause: Waiver of Facilities Capital Cost of Money (OCT 1997) The Contractor did not...

  13. 11 CFR 100.111 - Gift, subscription, loan, advance or deposit of money.

    Science.gov (United States)

    2010-01-01

    ... money. 100.111 Section 100.111 Federal Elections FEDERAL ELECTION COMMISSION GENERAL SCOPE AND..., advance or deposit of money. (a) A purchase, payment, distribution, loan (except for a loan made in accordance with 11 CFR 100.113 and 100.114), advance, deposit, or gift of money or anything of value, made by...

  14. 12 CFR 622.55 - Notice of assessment of civil money penalty.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Notice of assessment of civil money penalty... PRACTICE AND PROCEDURE Rules and Procedures for Assessment and Collection of Civil Money Penalties § 622.55 Notice of assessment of civil money penalty. (a) Notice of assessment. The notice of assessment for a...

  15. Money Overhang, Credit Overhang and Financial Imbalances in the Euro Area

    NARCIS (Netherlands)

    Kool, C.J.M.; de Regt, E.; van Veen, T.

    2014-01-01

    This paper focusses on the relation between external imbalances and domestic money and credit growth in the euro area. We compute money and credit overhang both for the euro area as a whole and for individual member countries. Our results show that both aggregate money and credit overhang have

  16. Seeing Green: Mere Exposure to Money Triggers a Business Decision Frame and Unethical Outcomes

    Science.gov (United States)

    Kouchaki, Maryam; Smith-Crowe, Kristin; Brief, Arthur P.; Sousa, Carlos

    2013-01-01

    Can mere exposure to money corrupt? In four studies, we examined the likelihood of unethical outcomes when the construct of money was activated through the use of priming techniques. The results of Study 1 demonstrated that individuals primed with money were more likely to demonstrate unethical intentions than those in the control group. In Study…

  17. The Emergy of Money Ratio of the United States from 1990 to 2007

    Science.gov (United States)

    The emergy to money ratio of a system is a key index used in emergy evaluations, because it represents the buying power of money and it can be used as an estimator of the average value of human service. Since both the material and energy inputs to societies and the money circulat...

  18. O EFEITO SMART MONEY NO SEGMENTO DE FUNDOS MULTIMERCADOS

    Directory of Open Access Journals (Sweden)

    Rodrigo Fernandes Malaquias

    2012-12-01

    Full Text Available The aim of this paper was to investigate the occurrence of the Smart Money Effect on the Brazilian hedge funds segment. It was operationalized through the comparison between the average return of funds and their net flow. For this purpose, we performed a descriptive analysis with quantitative approach, using the statistical method Student's t test, based on a sample of 20 hedge funds in the period from May 2009 to July 2011. The results showed the occurrence of the Smart Money Effect, as the average performance was higher in funds with higher net inflows. We assumed, therefore, evidences of selection skills of funds from investors; in other words, on average, investors were able to identify funds that had the best return in the next period.

  19. Healthcare in Canada's North: Are We Getting Value for Money?

    Science.gov (United States)

    Young, T Kue; Chatwood, Susan; Marchildon, Gregory P

    2016-08-01

    To determine if Canadians are getting value for money in providing health services to our northern residents. Secondary analyses of data from Statistics Canada, the Canadian Institute of Health Information and territorial government agencies on health status, health expenditures and health system performance indicators. Per capita health expenditures in Canada's northern territories are double that of Canada as a whole and are among the highest in the world. The North lags behind the rest of the country in preventable mortality, hospitalization for ambulatory care sensitive conditions and other performance indicators. The higher health expenditure in the North is to be expected from its unique geography and demography. If the North is not performing as well as Canada, it is not due to lack of money, and policy makers should be concerned about whether healthcare can be as good as it could be. Copyright © 2016 Longwoods Publishing.

  20. Dopamine release in ventral striatum of pathological gamblers losing money

    DEFF Research Database (Denmark)

    Linnet, J; Peterson, E; Doudet, D J

    2010-01-01

    suggest a dopaminergic basis of monetary losses in pathological gambling, which might explain loss-chasing behavior. The findings may have implications for the understanding of dopamine dysfunctions and impaired decision-making in pathological gambling and substance-related addictions.......Linnet J, Peterson E, Doudet DJ, Gjedde A, Møller A. Dopamine release in ventral striatum of pathological gamblers losing money. Objective: To investigate dopaminergic neurotransmission in relation to monetary reward and punishment in pathological gambling. Pathological gamblers (PG) often continue...... gambling despite losses, known as 'chasing one's losses'. We therefore hypothesized that losing money would be associated with increased dopamine release in the ventral striatum of PG compared with healthy controls (HC). Method: We used Positron Emission Tomography (PET) with [(11)C]raclopride to measure...

  1. The Waqf of Money as a Community Economic Empowerment Efforts

    Directory of Open Access Journals (Sweden)

    Diana Farid

    2016-07-01

    Full Text Available Waqaf is basically seen as one of the religious institutions in Islam which is relevant and functionally efforts to solve socio-economic problems and humanity, such as poverty alleviation, human resource development, and economic empowerment. The endowments are absolutely an important role in achieving a just social order. From the perspective of shapes, endowment money is seen as one of the solutions that can make endowments to be more productive. Because the money here will no longer to be used as a means of exchange, but more than it, we can explore it as a commodity to produce in the terms of economic development. Therefore, the cash money in the form of waqaf of money can result any benefit for the community. Appearances distribution of endowments can be used to productive activity in the era of economic downturn of the Islamic community in Indonesia. Now it should become the primary choice. In another sense, it is a productive waqaf endowment that must be a priority and dedicated its efforts to more fruitful. Thus, the sizes of different paradigms are done by the consumptive waqaf, because it gives a new hope for the majority of the Muslim community. Endowments are not willing to lead in worship of mahdhah which is directed to the consumptive waqaf. Using the findings of waqaf has been prioritized to give benefit in a very broad, including for economic empowerment, such as public facilities and worship activities, social facilities and educational activities as well as health, aid to poor people, displaced children, orphans, scholarship, progress and economic improvement for the people who needs the advancement of public welfare other non-contrary to the sharia business law.

  2. Effectiveness of Reserve Money Withdrawal – empirical analysis results

    OpenAIRE

    Mirjana Palic

    2005-01-01

    Sterilization is one of the ways to prevent automatic spill over of the effects of interventions in the foreign exchange market on the money supply. The effectiveness of sterilization can be examined by applying the concept of sterilization coefficient, off-set coefficient and neutralization coefficient. Empirical analysis of the sterilization, off-set and neutralization coefficients was made with a view to ascertaining the extent to which the National Bank of Serbia’s sterilization policy ma...

  3. The Origins of the Income Theory of Money

    Directory of Open Access Journals (Sweden)

    Menšík Josef

    2015-01-01

    Full Text Available The income theory of money was conceived in the 19th century, and in the first half of the 20th century it formed the backbone of all the main monetary approaches of the time. Yet, since it did so mostly implicitly rather than explicitly, and since the later developments moved economic theory in a different direction, the income theory of money is hardly remembered at present. While mainly accounting for the origins of the approach, I am also offering a brief comparison with the present mainstream economics and I shortly address the question of the possible future of the theory too. The income theory of money explains how nominal prices are formed by interaction of nominal expenditures streams with real streams of goods sold. While various ideas leading to this theory were expressed already by John Law, Richard Cantillon, and Jean-Baptiste Say, it is perhaps only Thomas Tooke whom we might want to call the originator of the theory. Within the Classical School of Political Economy, Tooke's ideas were further elaborated by John Stuart Mill. The theory reached a momentous formulation in the works of Knut Wicksell, in many respects a similar exposition was delivered also by Friedrich Wieser. The recognition of the theory was impaired by a change of the main-stream paradigm as well as by a surge in emphasis laid on the quantitative modelling in economics. Yet, there are certain fundamental questions of the monetary theory which the general equilibrium style models cannot cope with, while the income theory of money can, at least to a certain degree. This might give the theory some hope for the future.

  4. The Changing Role of Money as a Motivator.

    Science.gov (United States)

    1982-04-23

    views of motivation have been developing. Elton Mayo began his well-known Hawthorne studies in 19Z7. He found that with the introduction of dollar...choose between the money and the groups social standards. From these studies, Mayo developed his Socio-Economic Theory which states that workers tend to...form informal groups to fill the void in their lives created by the lack of cooperation and comradeship in industrial organizations. Mayo suggested

  5. Should Cost: A Strategy for Managing Military Systems Money

    Science.gov (United States)

    2016-03-01

    Defense AT&L: March-April 2016 38 Should Cost A Strategy for Managing Military Systems’ Money Jennifer A. Miller Miller is a Cost Analyst of the...National Guard Bureau Headquarters. She formerly served as a financial manager for Nuclear Weapons Center and also supported the Armament Directorate’s...years passed, and I ended up directly handling should cost for the Air Force Life Cycle Management Center’s (AFLCMC) Armament Directorate at Eglin

  6. Compulsive Hoarding as a Function of Money Attitudes

    OpenAIRE

    Brittaney Benson-Townsend

    2015-01-01

    Compulsive hoarding is a disorder that results from excessive accumulation of objects and inability to downsize. To predict compulsive hoarding behavior, a survey consisting of impulsive buying, compulsive buying, external consumer locus of control, and money scripts was administered to 409 college students in Southern Nevada.The results suggested that the compulsive hoarder agglomerates both objects and assets, exhibits an external consumer locus of control (E-CLOC), and purchases goods on i...

  7. Money and Happiness: Evidence from the Industry Wage Structure

    OpenAIRE

    Pischke, Jörn-Steffen

    2011-01-01

    There is a well-established positive correlation between life-satisfaction measures and income in individual level cross-sectional data. This paper attempts to provide some evidence on whether this correlation reflects causality running from money to happiness. I use industry wage differentials as instruments for income. This is based on the idea that at least part of these differentials are due to rents, and part of the pattern of industry affiliations of individuals is random. To probe the ...

  8. A note on the theory of fast money flow dynamics

    Science.gov (United States)

    Sokolov, A.; Kieu, T.; Melatos, A.

    2010-08-01

    The gauge theory of arbitrage was introduced by Ilinski in [K. Ilinski, preprint arXiv:hep-th/9710148 (1997)] and applied to fast money flows in [A. Ilinskaia, K. Ilinski, preprint arXiv:cond-mat/9902044 (1999); K. Ilinski, Physics of finance: gauge modelling in non-equilibrium pricing (Wiley, 2001)]. The theory of fast money flow dynamics attempts to model the evolution of currency exchange rates and stock prices on short, e.g. intra-day, time scales. It has been used to explain some of the heuristic trading rules, known as technical analysis, that are used by professional traders in the equity and foreign exchange markets. A critique of some of the underlying assumptions of the gauge theory of arbitrage was presented by Sornette in [D. Sornette, Int. J. Mod. Phys. C 9, 505 (1998)]. In this paper, we present a critique of the theory of fast money flow dynamics, which was not examined by Sornette. We demonstrate that the choice of the input parameters used in [K. Ilinski, Physics of finance: gauge modelling in non-equilibrium pricing (Wiley, 2001)] results in sinusoidal oscillations of the exchange rate, in conflict with the results presented in [K. Ilinski, Physics of finance: gauge modelling in non-equilibrium pricing (Wiley, 2001)]. We also find that the dynamics predicted by the theory are generally unstable in most realistic situations, with the exchange rate tending to zero or infinity exponentially.

  9. Why prioritize when there isn't enough money?

    Directory of Open Access Journals (Sweden)

    Wikler Daniel

    2003-02-01

    Full Text Available Abstract In an informal address to the 4th International Conference on Priorities in Health (Oslo, 23 September 2002, Professor Jeffrey Sachs – Chairperson of the WHO Commission on Macroeconomics and Health – maintained that the real causes of the inability of the world's poorest people to receive help for the lethal diseases that burden them did not include the "usual suspects" (corruption, mismanagement, and wrong priorities. Rather, the root cause was argued to be an inherent lack of money, indicating that the burden of disease would be lifted only if rich countries gave more money to poor ones. Without taking exception to anything that Sachs said in his address, there nevertheless remain a number of justifications for efforts to improve priority setting in the face of severely shortages of resources, including the following three defenses: prioritization is needed if we are to know that prioritization is insufficient; prioritization is most important when there is little money; prioritization can itself increase resources.

  10. Evolution of Money Distribution in a Simple Economic Model

    Science.gov (United States)

    Liang, X. San; Carter, Thomas J.

    An analytical approach is utilized to study the money evolution in a simple agent-based economic model, where every agent randomly selects someone else and gives the target one dollar unless he runs out of money. (No one is allowed to go into debt.) If originally no agent is in poverty, for most of time the economy is found to be dominated by a Gaussian money distribution, with a fixed mean and an increasing variance proportional to time. This structure begins to be drifted toward the left when the tail of the Gaussian hits the left boundary, and the drift becomes faster and faster, until a steady state is reached. The steady state generally follows the Boltzmann-Gibbs distribution, except for the points around the origin. Our result shows that, the pdf for the utterly destitute is only half of that predicted by the Boltzmann solution. An implication of this is that the economic structure may be improved through manipulating transaction rules.

  11. Sex, money, and premarital partnerships in southern Malawi.

    Science.gov (United States)

    Poulin, Michelle

    2007-12-01

    In this paper, I argue two main points. First, in premarital, sexual partnerships in rural Malawi, the purpose of money exchange extends beyond the alleviation of female partners' economic constraints, and, second, by clarifying this broader purpose, it becomes possible to recognize where women exert control over their own sexual selves. These findings come from field observations and a rich set of in-depth interviews (N=54), bolstered on occasion by survey data, conducted with young women and men, aged 15-24 years, in the Balaka district in the southern region of the country. This research demonstrates that, contrary to typical expectations, money and gift transfers in sexual partnerships are part and parcel of the courting practices of young Malawian women and men. Transfers are as much about the expression of love and commitment as they are about meeting the financial needs of women or the acquisition of sex for men. Using narrative information to shed light on the semiotics of the sex-money link, these findings from Malawi offer a new perspective that broadens usual interpretations of transactional sex, the understanding of which is critical in fighting AIDS.

  12. The contributions of John Money: a personal view.

    Science.gov (United States)

    Bullough, Vern L

    2003-08-01

    John Money has been a dominant voice in sexology in the last part of the 20th century, breaking new ground in a wide variety of areas. In the process, he has been cantankerous, outspoken, and ever willing to do battle, but also original and thought provoking. This paper begins with an examination of science in general, moves on to psychology and sexology, and then examines Money s contributions to sexology in some detail. The latter are many and varied, including the development of the concept of gender, his theory of gender identity based on his work with intersex individuals, the John-Joan case, and his importance in establishing transsexualism as a diagnostic category and an academic discipline. Also important are his contributions to the development of the nomenclature of sexology, his importance to the sexology movement as a teacher, his significant research on a large variety of sexual topics, his ability to convince government agencies that sex was deserving of funding, and his association with the Erickson Educational Foundation. He also was a significant figure in the development of the Society for the Scientific Study of Sexuality (SSSS) and in raising the standard of its journal (The Journal of Sex Research), and therefore it is only fitting that an award be named after him. Though Money remains controversial, he has contributed significantly to the development of sexology as a discipline.

  13. Relationship between price and money stock in Iranian economy (1961-2008

    Directory of Open Access Journals (Sweden)

    Mohammad Reza Babaei Semirumi

    2009-12-01

    Full Text Available The main purpose of this paper is to investigate the relationship between money and inflation in the Iranian economy with cagan(1956 money demand function . In doing so,I have first reviewed theoretical and empirical literature of causality throughout the world and then it be used Granger’s method for detecting causality between money and inflation in the Iranian economy. according to this working paper elasticity of demand for real balances in money market toward inflation for Iranian economy are approximately 0.9 and Money is exogenous reward to WPI,CPI and PPI in Iranian economy.

  14. What Money Can't Buy: Different Patterns in Decision Making About Sex and Money Predict Past Sexual Coercion Perpetration.

    Science.gov (United States)

    Carrier Emond, Fannie; Gagnon, Jean; Nolet, Kevin; Cyr, Gaëlle; Rouleau, Joanne-Lucine

    2017-11-22

    Self-reported impulsivity has been found to predict the perpetration of sexual coercion in both sexual offenders and male college students. Impulsivity can be conceptualized as a generalized lack of self-control (i.e., general perspective) or as a multifaceted construct that can vary from one context to the other (i.e., domain-specific perspective). Delay discounting, the tendency to prefer sooner smaller rewards over larger delayed rewards, is a measure of impulsive decision making. Recent sexual adaptations of delay discounting tasks can be used to test domain-specific assumptions. The present study used the UPPS-P impulsivity questionnaire, a standard money discounting task, and a sexual discounting task to predict past use of sexual coercion in a sample of 98 male college students. Results indicated that higher negative urgency scores, less impulsive money discounting, and more impulsive sexual discounting all predicted sexual coercion. Consistent with previous studies, sexuality was discounted more steeply than money by both perpetrators and non-perpetrators of sexual coercion, but this difference was twice as large in perpetrators compared to non-perpetrators. Our study identified three different predictors of sexual coercion in male college students: a broad tendency to act rashly under negative emotions, a specific difficulty to postpone sexual gratification, and a pattern of optimal non-sexual decision making. Results highlight the importance of using multiple measures, including sexuality-specific measures, to get a clear portrait of the links between impulsivity and sexual coercion.

  15. Is the Quantity Theory of Money Useful in Forecasting U.S. Inflation?

    DEFF Research Database (Denmark)

    Lanne, Markku; Luoto, Jani; Nyberg, Henri

    We propose a new simple model incorporating the implication of the quantity theory of money that money growth and ináation should move one for one in the long run, and, hence, ináation should be predictable by money growth. The model Öts postwar U.S. data well, and beats common univariate benchma...... models in forecasting ináation. Moreover, this evidence is quite robust, and predictability is found also in the Great moderation period. The detected predictability of ináation by money growth lends support to the quantity theory.......We propose a new simple model incorporating the implication of the quantity theory of money that money growth and ináation should move one for one in the long run, and, hence, ináation should be predictable by money growth. The model Öts postwar U.S. data well, and beats common univariate benchmark...

  16. Organizational-methodical provisions for the audit of operations with electronic money

    Directory of Open Access Journals (Sweden)

    Semenetz A.P.

    2017-06-01

    Full Text Available To obtain objective and unbiased information about the accuracy and completeness of electronic money transactions at the enterprise, it is necessary to conduct an audit. The results of the external audit of electronic money transactions help the company’s management personnel to assess the efficiency and rationality of using such a modern means of payment, such as electronic money, as well as verify the proper functioning of the internal control service. The work substantiates organizational and methodical provisions of the process of conducting an external audit of transactions with electronic money in terms of clarifying the organizational provisions for conducting an audit of transactions with electronic money, namely the definition of the purpose, task, subjects and objects of audit and sources of information. Accordingly, the purpose of the audit of operations with electronic money is to provide the auditor’s unbiased opinion on the reliability of the financial statements of the enterprise in terms of operations with electronic money. Within the scope of this dissertation, the object of external audit is operations with electronic money, since electronic money is a new and contemporary object of accounting, and therefore the development of scientifically grounded order of conducting external audit of the investigated object is necessary. The subject of an external audit of electronic money transactions is a set of business transactions in electronic money settlements, that is, transactions with their acquisition and repayment and the accuracy of displaying information about them in the financial statements. In the course of the study, the procedure for the implementation of external audit procedures during the stages of the process of electronic money audit at the enterprise was determined, which allowed to confirm the correctness of the accounting of a new and modern means of payment such as electronic money. These proposals are aimed

  17. Charge It Right. FDIC Money Smart Financial Education Curriculum = Uso Correcto de su Tarjeta de Credito. FDIC Money Smart Plan de Education para Capacitacion en Finanzas.

    Science.gov (United States)

    Federal Deposit Insurance Corp., Washington, DC.

    This module on managing a credit card is one of ten in the Money Smart curriculum, and includes an instructor guide and a take-home guide. It was developed to help adults outside the financial mainstream enhance their money skills and create positive banking relationships. It is designed to enable participants to describe the costs and benefits of…

  18. Pay Yourself First. FDIC Money Smart Financial Education Curriculum = Paguese Usted Primero. FDIC Money Smart Plan de Educacion para Capacitacion en Finanzas.

    Science.gov (United States)

    Federal Deposit Insurance Corp., Washington, DC.

    This module on why one should save is one of ten in the Money Smart curriculum, and includes an instructor guide and a take-home guide. It was developed to help adults outside the financial mainstream enhance their money skills and create positive banking relationships. It is designed to enable participants to recognize the importance of saving…

  19. Bank On It. FDIC Money Smart Financial Education Curriculum = Curso Bancario Basico. FDIC Money Smart Plan de Educacion para Capacitacion en Finanzas.

    Science.gov (United States)

    Federal Deposit Insurance Corp., Washington, DC.

    This module, an introduction to bank services, is one of ten in the Money Smart curriculum, and includes an instuctor guide and a take-home guide. It was developed to help adults outside the financial mainstream enhance their money skills and create positive banking relationships. It is designed to enable participants to build a relationship with…

  20. Borrowing Basics. FDIC Money Smart Financial Education Curriculum = Conceptos Basicos sobre Prestamos. FDIC Money Smart Plan de Educacion para Capacitacion en Finanzas.

    Science.gov (United States)

    Federal Deposit Insurance Corp., Washington, DC.

    This module, an introduction to credit, is one of ten in the Money Smart curriculum, and includes an instructor guide and a take-home guide. It was developed to help adults outside the financial mainstream enhance their money skills and create positive banking relationships. It is designed to enable participants to decide when and how to use…