Financial intermediation Essay Example | Topics and Well Written Essays - 3000 words

Financial intermediation - Essay Example It is noted that the systemic stability contributes to the risk reduction. This is achieved through geographic diversification and this is analysed by the two/three of the cross-province merger and acquisitions. The empirical findings have been derived by applying a probabilistic theoretical model. This has supported the efficiency hypothesis rather than the imminent failure hypothesis. Thus journal contributes value to the readers as it not only shed light on the debate in the literature but also has policy implications for the merger and acquisitions today. These policy implications hold great importance as the economists and policymakers need to have a good look at them and follow them in all the policies that design. Economists and policymakers’ grave concerns about megabank failures and their consequences on financial markets and the economy are reinforced by empirical evidence on the concentration-fragility hypothesis. It is noted that the consolidation and systemic risk are positively related, although other factors also contributed to the increased risk. Moreover, it is stated that banking crises are less likely in more concentrated banking systems among 70 countries over 1980-97. However, this is not a hard and fast rule and there is a probability of concentration- fragility hypothesis which need to be analysed as well. ... New megabanks like the Citibank are also emerging. Thus, there is more concentration of banks thereby increasing the systemic banking risk. The importance of competitiveness is well known throughout the land but the Minister of Finance of the Canadian Government proposed bank mergers in 1998. However, there is a mixed result found after the mergers and acquisitions of the financial institutions have taken place. Moreover, the public policy implications are also very essential to be noted because they influence the allocation of the total amount of money available from the merged banks. This may involve conflicts of interests and the of objectives of the many stakeholders could be at stake. These regulations could be very different from commercial bankers’. They emphasize more on post-merger systemic risk than bankers. This is because of the costly banking crises; for example the financial tsunami of 2007. Thus these policies are given great importance by the economists and pol icymakers. There is a need to closely study the megabank failures, their consequences on financial markets and the economy and they must be supported by empirical evidence on the concentration. The scope of mergers and acquisitions has been manageable. The focus of this paper is on the relationship between banking consolidation and stability by examining the stability. The financial institutions under study are of the Canadian banking system. The time period under study is 1867-1935; from Confederation to the formation of the Bank of Canada. Hypothesis one says that these mergers and acquisitions are driven by market forces. They later become more efficient and stable banking system. The other hypothesis says that mergers and acquisitions have been

Can Crime be Considered Moral Essay Example | Topics and Well Written Essays - 2000 words

Can Crime be Considered Moral - Essay Example However, there are more than a few citizens who have committed crimes, acting out of concern for others or in protecting loved ones. To determine whether a crime is necessarily immoral, assumptions must be made. The first assumption is that all laws determine what consists of a crime based on harm or damage to others. The second is that all crimes hurt or bring harm to others, whether individuals, groups, corporations or other living things. The third assumption is that each citizen views harm in the same manner. Various cultural beliefs, ethical theories and value systems make it impossible for all citizens to each and every crime as moral or immoral. One who believes that murder is wrong, regardless of circumstances, may view an individual who has hurt or killed an intruder as wrong. Another may view self defense as allowable and justifiable. A serial murderer may be seen as evil or completely lacking in morals. Many in our society wonder how such an individual â€Å"can remain st eadfastly convinced of his own moral superiority and show not even the slightest glimmer of remorse.† (Silber). Most of society does not understand how the serial murderer can feel that way. Yet, the members of society will accept that â€Å"the five-year-old Iraqi girl who was killed by the same bombs that killed al-Zarqawi† was necessary to accomplish a goal. Murder is considered immoral, especially when victims are young and innocent. â€Å"Surely it is better for the world that men should be right from wrong motives than that they would do wrong with the best intentions.