This chapter discusses the findings and calculations from Chapter 3 and Chapter 4. These results help to answer research questions 1), 2), 3), and 4). In addition, the results of measuring legal central bank independence indexes from previous studies are used to contrast with ones from this research. Lessons from comparing the RBNZ’s model are generated, and they are to answer research question 5). The chapter is organised as follows: summary of key results, conclusion, and recommendations. 6.1…
What is Kisan Vikas Patra? Kisan Vikas Patra (KVP) is a saving certificate scheme that was launched in 1988 by India Post. It is a small saving scheme that focuses on doubling the money of investors in a period of 112 months or 9 years and 4 months. Withdrawal and Re-Introduction The scheme was quite successful in the earlier years but was closed after the intervention of the Indian Government in 2011. The closure happened after the Government of India set up a committee to determine the…
contracts are that, the company can hedge their imports by locking the currency rate, to avoid the unfavourable exchange rate and fluctuations thus the company can make use of the forward contract to ensure the exchange rate is fixed at the deal day. Moreover, the diverse type of financial transaction can cater importer and exporter to fight for best benefits, as the cost of the order is fixed by the specify currency rate, the company can calculate and prepare the budget and payment accurately.…
Motivation Would you ever do something without getting something in return? If so, will you do it to the best of your capabilities? If you had to run a mile in a minute for $5, wouldn’t you try harder if you were offered $10? People who have experienced a great deal of success are described as ‘driven’. Your drive is what motivates you to do the things you do, and persuade you into taking risks. The thing is, we can not assume a person is only motivated by one thing. We also can’t assume that a…
1.5.1.2 TERM STRUCTURE OF INTEREST RATE Mishkin (2009) states that the term structure of interest rate explains that bonds with the same risk and liquidity have different interest rates because the bonds time to maturity are different from each other. He also states that the yield curve illustrates how the returns of bonds and maturity changes over time. There are four approaches that elaborates on the different shapes of the yield curve, they are the expectation, liquidity-premium, segment…
of mortality rates in England (16th to 19th century AD) When researching into to the topic of mortality rates, (Scott et al, 2005) observes that it is very complex to understand the historical patterns of mortality in England and that the ‘demographic parameters of mortality decline are unclear’. Mortality rate can vary when studying various types of geographic settings, different periods of time and on the age and gender allocation of a given population. Scientist uses mortality rates in…
near zero percent interest rates. This is partly due to the globalisation of financial markets and that overseas economies are in no shape whatsoever to withstand higher interest rates. Meanwhile, in recent weeks, it has become increasingly evident that Fed Chair Yellen is keen to avoid her legacy being judged as a disappointment via her inability to raise the federal funds rate. She has duly taken note of the failures of other central banks to raise their policy rates away from zero. As…
Florence Nightingale paved the way for nursing as a respected profession. Although her legacy is debated, indisputably without her, modern nursing would look significantly different. Nightingale felt a calling to serve mankind through the medical profession. Being part of the elite and wealthy social circle, her family did not support her decision. Their hesitance stemmed from the fact that in Victorian England nurses were known to be drunks and engage in immoral behavior (Cohen, 1984).…
Heart Rate This lab experiment was conducted on Daphnias to test the chemical effects on its heart rate. In this experiment we determined the effects of caffeine and alcohol on the small organism. If the Daphnia is submerged in alcohol the heart rate will slow down, as if it’s submerged in caffeine it will speed up. The experiment measured how the stimulant caffeine or alcohol affected the Daphnia. The objective was to see how alcohol and caffeine would affect the Daphnia's heart rate.…
days of complete rest before she could resume her exercise regime. Although she claimed that the injury was not severe, it must be taken seriously as a recurrent knee injury might occur. Also, there may be slight differences in the values of heart rate recorded by the treadmill and her Fitbit…