Money Supply Data, Which Are Highly Volatile and Subject to Revision
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Cash Management and Fiduciary Banking Services
The Winterbotham Merchant Bank a division of The Winterbotham Trust Company Limited CASH MANAGEMENT AND FIDUCIARY BANKING SERVICES Table of Contents Winterbotham Group 4 Regulated Subsidiaries 5 Cash Management and Fiduciary Banking Services 6 Critical Advantages 7 What is Fiduciary Banking? 8 Additional Cash Management Services 9 The Winterbotham Merchant Bank 9 Winterbotham International Securities 10 WINTERBOTHAM GROUP Since our founding in 1990 The Winterbotham Group has focused on the provision of high quality financial services to a global clientele, utilizing the most modern technology, delivered personally. At Winterbotham we seek to add value and our suite of services and the location of their delivery has expanded as the needs of our clients have grown. Today Winterbotham operates in six international financial centers from which we offer services which are individually customized and delivered with an attention to detail now often lost as the transfer of service ‘online’ encourages financial decisions to be self-directed. During our almost three decades of growth Winterbotham’s ownership remains vested in the hands of its founder and his family and this continuity is mirrored in our vision which has not changed: YOUR OBJECTIVES = OUR OBJECTIVES ENABLING YOUR BUSINESS TO THRIVE The Winterbotham Trust Company Limited is a Bank and Trust Company, Broker/Dealer and Investment Fund Administrator, with Head Offices in Nassau, The Bahamas. Winterbotham operates a subsidiary Bank, WTC International Bank Corporation, in San Juan, Puerto Rico and non-banking regional offices/subsidiaries in the Cayman Islands, Chennai, Montevideo and Hong Kong. The group has developed a niche offering in the provision of back office, structuring, administration, corporate governance, IT and accounting services for entrepreneurs and their companies, wealthy individuals and families, their family offices, and for financial institutions. -
Money in the Economy: a Post-Keynesian Perspective
Money in the Economy: A post-Keynesian perspective Jo Michell, SOAS, University of London Fundamental Uncertainty • Originates in Keynes’ theory of probability • “non-ergodic” = distinction between known probability distribution (known unknowns) and unknowable future (unknown unknowns) • Risk and uncertainty • Conventions and animal spirits • Decisions on investment and saving “Is our expectation of rain, when we start out for a walk, always more likely than not, or less likely than not, or as likely as not? I am prepared to argue that on some occasions none of these alternatives hold, and that it will be an arbitrary matter to decide for or against the umbrella. If the barometer is high, but the clouds are black, it is not always rational that one should prevail over the other in our minds, or even that we should balance them, though it will be rational to allow caprice to determine us and to waste no time on the debate” (Keynes, Treatise on Probability) Money • Mechanism to cope with uncertainty • Three functions: store of value, unit of account, means of payment • Liquidity • Means to transfer purchasing power in order to meet contractual obligations • Contrast with Classical view: money as a means of transaction. Why hold money? “Money, it is well known, serves two principal purposes. By acting as a money of account it facilitates exchange without its being necessary that it should ever itself come into the picture as a substantive object. In this respect it is a convenience which is devoid of significance or real influence. In the second place, it is a store of wealth. -
Is the International Role of the Dollar Changing?
Is the International Role of the Dollar Changing? Linda S. Goldberg Recently the U.S. dollar’s preeminence as an international currency has been questioned. The emergence of the euro, changes www.newyorkfed.org/research/current_issues ✦ in the dollar’s value, and the fi nancial market crisis have, in the view of many commentators, posed a signifi cant challenge to the currency’s long-standing position in world markets. However, a study of the dollar across critical areas of international trade January 2010 ✦ and fi nance suggests that the dollar has retained its standing in key roles. While changes in the global status of the dollar are possible, factors such as inertia in currency use, the large size and relative stability of the U.S. economy, and the dollar pricing of oil and other commodities will help perpetuate the dollar’s role as the dominant medium for international transactions. Volume 16, Number 1 Volume y many measures, the U.S. dollar is the most important currency in the world. IN ECONOMICS AND FINANCE It plays a central role in international trade and fi nance as both a store of value Band a medium of exchange. Many countries have adopted an exchange rate regime that anchors the value of their home currency to that of the dollar. Dollar holdings fi gure prominently in offi cial foreign exchange (FX) reserves—the foreign currency deposits and bonds maintained by monetary authorities and governments. And in international trade, the dollar is widely used for invoicing and settling import and export transactions around the world. -
Short-Term Currency in Circulation Forecasting for Monetary Policy Purposes: the Case of Poland
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Koziński, Witold; Świst, Tomasz Article Short-term currency in circulation forecasting for monetary policy purposes: The case of Poland e-Finanse: Financial Internet Quarterly Provided in Cooperation with: University of Information Technology and Management, Rzeszów Suggested Citation: Koziński, Witold; Świst, Tomasz (2015) : Short-term currency in circulation forecasting for monetary policy purposes: The case of Poland, e-Finanse: Financial Internet Quarterly, ISSN 1734-039X, University of Information Technology and Management, Rzeszów, Vol. 11, Iss. 1, pp. 65-75, http://dx.doi.org/10.14636/1734-039X_11_1_007 This Version is available at: http://hdl.handle.net/10419/147121 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. -
Dangers of Deflation Douglas H
ERD POLICY BRIEF SERIES Economics and Research Department Number 12 Dangers of Deflation Douglas H. Brooks Pilipinas F. Quising Asian Development Bank http://www.adb.org Asian Development Bank P.O. Box 789 0980 Manila Philippines 2002 by Asian Development Bank December 2002 ISSN 1655-5260 The views expressed in this paper are those of the author(s) and do not necessarily reflect the views or policies of the Asian Development Bank. The ERD Policy Brief Series is based on papers or notes prepared by ADB staff and their resource persons. The series is designed to provide concise nontechnical accounts of policy issues of topical interest to ADB management, Board of Directors, and staff. Though prepared primarily for internal readership within the ADB, the series may be accessed by interested external readers. Feedback is welcome via e-mail ([email protected]). ERD POLICY BRIEF NO. 12 Dangers of Deflation Douglas H. Brooks and Pilipinas F. Quising December 2002 ecently, there has been growing concern about deflation in some Rcountries and the possibility of deflation at the global level. Aggregate demand, output, and employment could stagnate or decline, particularly where debt levels are already high. Standard economic policy stimuli could become less effective, while few policymakers have experience in preventing or halting deflation with alternative means. Causes and Consequences of Deflation Deflation refers to a fall in prices, leading to a negative change in the price index over a sustained period. The fall in prices can result from improvements in productivity, advances in technology, changes in the policy environment (e.g., deregulation), a drop in prices of major inputs (e.g., oil), excess capacity, or weak demand. -
Cash Or Credit?
LESSON 15 Cash or Credit? LESSON DESCRIPTION • Compare the advantages and disadvantages AND BACKGROUND of using credit. Most students are aware of the variety of pay - • Explain how interest is calculated. ment options available to consumers. Cash, • Analyze the opportunity cost of using credit checks, debit cards, and credit cards are often and various forms of cash payments. used by their parents; however, the students • Evaluate the costs and benefits of various probably do not understand the implications of credit card agreements. each. This lesson examines the advantages and disadvantages of various payment methods and focuses especially on using credit. The students TIME REQUIRED are challenged to calculate the cost of credit, Two or three 45-minute class periods compare credit card agreements, and analyze case studies to determine whether credit is being used wisely. MATERIALS Lesson 15 is correlated with national standards • A transparency of Visual 15.1 , 15.2 , and 15.3 for mathematics and economics, and with per - • A copy for each student of Introduction to sonal finance guidelines, as shown in Tables 1-3 Theme 5 and Introduction and Vocabulary in the introductory section of this publication. sections of Lesson 15 from the Student Workbook ECONOMIC AND PERSONAL FINANCE • A copy for each student of Exercise 15.1 , CONCEPTS 15.2 , and 15.3 from the Student Workbook • Annual fee • APR • A copy for each student of Lesson 15 Assessment from the Student Workbook • Credit limit • Finance charge • Credit card application forms—one for each student. Collect these ahead of time, or have • Grace period students bring in those their parents receive. -
An Assessment of Calgary As a Financial Centre
An Assessment of Calgary as a Financial Centre June, 2017 Presented to: Calgary Economic Development Prepared by: The Conference Board of Canada Contents Executive Summary ....................................................................................................................................... 3 Introduction .................................................................................................................................................. 5 Calgary as a Global Financial Centre ............................................................................................................. 6 The Status of Financial Services in Calgary ............................................................................................... 6 Calgary’s Strengths .................................................................................................................................... 8 Investment Banking .............................................................................................................................. 9 Foreign Direct Investment .................................................................................................................. 12 Wealth Management and Private Equity ............................................................................................ 13 Corporate Banking and Professional Services .................................................................................... 15 Benchmarking the Attractiveness of Calgary as a Financial Centre ........................................................... -
Nicholas Kaldor
PROFILES OF WORLD ECONOMISTS 26 NICHOLAS KALDOR NICHOLAS KALDOR – ONE OF THE FIRST CRITICS OF MONETARISM doc. Ing. Ján Iša, DrSc. Known in economic circles as one of the thought in several fields, but it was his work founders of Post-Keynesianism, Nicholas on the theory of distribution and economic Kaldor (1908–1986) ranks among the worl- growth that stirred the greatest reaction. d's foremost economists of the second half Less well-known, however, is Kaldor's con- of the 20th century. Kaldor contributed to tribution to monetary theory, which has long the development of modern economic been standing quietly in the background. Nicholas Kaldor was born in Budapest on 12 May 1908. rous Third World countries, as well as an advisor to central His father was a lawyer and his mother came from wealthy banks and to the United Nations Economic Commission for business family. Although his father had wanted him to Latin America. Most significant, however, was his role as an study law, Kaldor opted for economics. He began his studi- advisor to Labour finance ministers from 1964 to 1968 and es at the University of Berlin in 1925 and then after two 1974 to 1976. After completing his two-year mission in years moved to the London School of Economics (LSE), Geneva in 1949, Kaldor began to work at Cambridge Uni- from which he graduated in 1930. He remained at the LSE versity and became, as John Maynard Keynes had been, a as lecturer until 1947, during which time his colleagues inc- fellow of King's College, Cambridge. -
Green Trust Cash Loan Application
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Cash Advance Admin User Guide
Concur Expense: Cash Advance Admin User Guide Last Revised: August 27 2021 Applies to these SAP Concur solutions: Expense Professional/Premium edition Standard edition Travel Professional/Premium edition Standard edition Invoice Professional/Premium edition Standard edition Request Professional/Premium edition Standard edition Table of Contents Section 1: Permissions ................................................................................................ 1 Section 2: Overview .................................................................................................... 1 Typical Cash Advance Process ...................................................................................... 1 Receiving Email Notifications of a Cash Advance Pending Issuance ................................... 2 Cash Advances Using a Company Card.......................................................................... 2 Imported Transactions of Type Cash Advance ........................................................... 3 Directly Issued and Auto-Issuance Cash Advances ......................................................... 3 Section 3: Cash Advance Admin Tool ........................................................................... 3 Section 4: Procedures ................................................................................................. 4 Accessing Cash Advance Admin.................................................................................... 4 Searching for Employees ............................................................................................ -
A Primer on Modern Monetary Theory
2021 A Primer on Modern Monetary Theory Steven Globerman fraserinstitute.org Contents Executive Summary / i 1. Introducing Modern Monetary Theory / 1 2. Implementing MMT / 4 3. Has Canada Adopted MMT? / 10 4. Proposed Economic and Social Justifications for MMT / 17 5. MMT and Inflation / 23 Concluding Comments / 27 References / 29 About the author / 33 Acknowledgments / 33 Publishing information / 34 Supporting the Fraser Institute / 35 Purpose, funding, and independence / 35 About the Fraser Institute / 36 Editorial Advisory Board / 37 fraserinstitute.org fraserinstitute.org Executive Summary Modern Monetary Theory (MMT) is a policy model for funding govern- ment spending. While MMT is not new, it has recently received wide- spread attention, particularly as government spending has increased dramatically in response to the ongoing COVID-19 crisis and concerns grow about how to pay for this increased spending. The essential message of MMT is that there is no financial constraint on government spending as long as a country is a sovereign issuer of cur- rency and does not tie the value of its currency to another currency. Both Canada and the US are examples of countries that are sovereign issuers of currency. In principle, being a sovereign issuer of currency endows the government with the ability to borrow money from the country’s cen- tral bank. The central bank can effectively credit the government’s bank account at the central bank for an unlimited amount of money without either charging the government interest or, indeed, demanding repayment of the government bonds the central bank has acquired. In 2020, the cen- tral banks in both Canada and the US bought a disproportionately large share of government bonds compared to previous years, which has led some observers to argue that the governments of Canada and the United States are practicing MMT. -
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