The Problem With Bank Liquidity Management Finance Essay - Free Essay Example

Sample details Pages: 11 Words: 3288 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? This chapter focuses on the results obtained based on the empirical analyses conducted to test the research objectives. The descriptive statistics calculated for the sample are provided in the sections that follow. That is, the data pertaining to the variables included in the study, as collected by the questionnaire is summarised by means of calculation of descriptive measures. In this manner, the properties of the observed data clearly emerge and an overall picture thereof is obtained. The descriptive and inferential statistics generated for the conjectured relationships are presented and discussed. STATEMENT OF THE PROBLEM: The problem with bank liquidity management is that when banks get it wrong, there can be drastic consequences for the economy. This can be seen today from the continuing effects of what started in 2007. The economy is still in a rut and although Gross Domestic Product (GDP) has once again begun to pick up, unemployment remains at the ex tremely high level of 9.7% according to the most recent Bureau of Labour Statistics Report (Bureau of Labour Statistics, 2010). A key issue to ensure progress has to be how to make sure banks successfully balance their liquidity management in order to be stable and still provide the market with liquidity. Public policy makers will aim to continue strong national economic growth while keeping low unemployment and inflation. Banks themselves have a motive to ensure stability and also increase profits. Economies for years have struggled with liquidity risk. The sheer size and complexity of the modern economy increases the importance of this issue and this is all the more reason it needs to be carefully considered. 4.1 RESPONDENT CHARACTERISTICS A total of 70 completed questionnaires were received from the banks, representing a 51.9% response rate. The majority of respondents, 87% of whom were male and 13% were female as shown in Table 4.1. (N=70) Gender Frequency Perc entage Male 61 87% Female 09 13% Table 4.1: Gender Distribution of Respondents The chart below here shows the gender distribution of respondents. Ten respondents were between 25 and 30, remaining 50 respondents were between 31-35 years of age and the remaining respondents were older than 35. Age Frequency Percentage 25-30 years 10 14% 31-35 years 50 72% 35 years 10 14% Table 4.2: Age of Respondents The chart below here shows the age of respondents. 4.2. RESPONDENT ANSWERS: 4.2.1. Liquidity risk breaks the silo based approach: Liquidity risk break the silo based approach to manage risk as Basel 3 is the best opportunity to break down. That starts with the senior management establishing a detailed, clearly defined definition of the overall risk appetite of the bank. This ensures that shareholders, deposit holders and other stakeholders have a clear understanding of the business strategy. From there, a numb er of steps should be taken to ensure that the bank truly takes ownership of the risks it is running at the group level, as well as at lower business or division levels. Systems should be developed based on common data inputs to drive market, credit and liquidity risk. A single data load with all the attributes required for market, counterparty credit risk, RWA, economic capital and liquidity risk should be extracted from source systems. Since this data would be shared across risk types, data reconciliation requirements would be automatically met. At the same time, there should be consistent calculation engines that share common models and provide coherent measures across risk types. For example, cash flow generation for liquidity risk should use the same cash flow generation routines common to market risk and counterparty credit risk. There should also be integrated reporting across risk types to give senior managers and investors a consistent view across the enterprise of the i mpact of different types of risk. Meanwhile, systems should be designed that allow both for large volume, enterprise-wide batch runs and also interactive what-if analysis. This will also enable consistent stress testing across market, credit and liquidity risks, as they will all be driven by common risk factors. The implementation of such measures would allow the interplay between capital and liquidity to be fully tested. With this breaking down of risk silos, senior management will be able to view a dashboard of risk indicators that give them a true picture of their group balance sheet and variances from the stated risk appetite. This will mean that senior managers will once again, like the days before the emergence of complex banking, take ownership of the bank portfolio balance sheet at the legal entity level, in turn allowing them to take a harder line if they feel they have to. As Basel 3 progresses it is crucial that the interconnected nature of the risks on the balance she et is properly assessed, while taking account of regulations and accounting standards. It is, therefore, time to break down those silos. 4.2.2. Misunderstanding how liquidity risk and capital are connected By viewing capital as a primary mitigant of liquidity risk, we fail to understand the nature of that risk. Capital mitigates unexpected losses, but not cash flow imbalances, such as funding liquidity risk. Liquidity risk is crystallized when a bank has to undertake a last minute fire sale of assets to meet its obligations. In short, if an institution has a liquidity problem, then it needs cash, not capital. Indeed, should a liquidity situation arise and the bank begins using reserves set aside to guard against liquidity risk in order to absorb losses and meet obligations, then the value of the company and thus the value of the capital are also likely to decline, since the bank will start to be perceived as riskier. Liquidity risk and capital are therefore inextricably lin ked. This linkage has not been recognized by the Basel Committees primary response to liquidity risk, the liquidity coverage ratio (LCR), and the net stable funding ratio (NSFR).As with previous compartmentalized approaches to risk management, these ratios more or less view liquidity risk as a stand-alone risk silo. As such, the implementation of the current approach does not effectively address the flawed silo-based approach. The LCR requires that banks hold enough liquid assets to offset the sum of all cash outflows expected over the next 30 days. It tries to ensure the bank owns liquid resources to such an amount that short-term cash obligations will be fulfilled even under severe stress. The NSFR focuses on the structural balance between maturities of bank assets versus liabilities. Through the application of a one-year term horizon, it aims to prevent banks from exposing themselves to extreme maturity transformation risks through funding medium and long-term assets with very short-term liabilities. The prescriptive nature of these ratios is not helpful, as it does not allow the tailoring of a liquidity risk buffer to the needs of the specific institution. Under a top-down, holistic risk management model, the senior management of the bank would decide on the size of the liquidity buffer and what survival horizon is appropriate for it, based on a careful assessment of the banks overall risk appetite. This is important from a best practice governance perspective, because if an institution is holding more than the needed amount of liquid assets, then the part of the liquidity buffer that is not needed has an opportunity cost associated with it; that money could be deployed elsewhere to make a higher return for shareholders. If the institution holds less than is necessary to maintain stability, then the bank risks bankruptcy. 4.2.3. Nature of the liquidity risk: Liquidity risk originates from the mismatch between the timings of cash inflows and outflo ws. As such, it is fundamentally inherent to the banking business. Indeed, one of the key social functions of the banking industry is the provision of intermediation so as to facilitate the reallocation of financial resources from the liquid sectors of the economy those that have excess financial resources to invest to the illiquid ones. The consequence of this is that the banking industry is necessarily exposed to maturity mismatch. Typically, the terms on which liquid operators are ready to invest their liquidity are shorter than that on which illiquid operators are willing to borrow. While reallocating financial resources from one sector to the other, the banking system bears such mismatch of maturities in the form of liquidity risk. A further natural consequence is that the banking industry is leveraged banks inherently work on deposits and other funding. Obviously, a high degree of leverage boosts the impact of any liquidity problem, both on an individual and a systemic basi s. In Basel 1 and Basel 2, liquidity risk received limited attention, with the regulations focused on the asset side of the balance sheet. Under Basel 2, risks arising from the liability side including liquidity risk and interest rate risk in the banking book are not subject to Pillar 1 minimum regulatory capital requirement. They are instead disciplined under pillar 2, with banks required to calculate the amount of capital they deem sufficient to support all their risks, which includes liquidity risk. However, after years of sterile debate on the possible methodologies for calculating the internal capital requirement for liquidity risk, it was generally accepted that capital alone was not a suitable mitigant for liquidity risk. As a result, the current Basel 2 framework does not effectively address liquidity risk. At the root of the Basel 2 framework is the fundamental assumption that a bank will always be creditworthy as long as asset quality is preserved. In other words, con sensus thinking before the credit crisis was that as long as the quality of assets was good enough, then the bank would always finance assets at fair prices for virtually any amount. However, this assumption failed to materialize when the crisis erupted and entire liquidity channels suddenly dried up, to the extent that even institutions with high ratings and excellent quality of assets collapsed or were threatened by collapse as a result of liquidity mismatches. The phenomenon grew to systemic proportions because many in the industry were massively leveraging maturity mismatches between assets and liabilities as a key component of their business model. Clearly, regulators cannot aim to remove liquidity risk from the system. Their best hope is to force banks to build liquid reserves such that, while not matching outflows in terms of maturities, there is an assurance that should a stress event occur then banks can withstand funding imbalances until the situation returns to normal. 4.3. QUALITY ASPECTS OF LIQUIDITY RISK MANAGEMENT: Most of the respondents (83%) answers that the bank maintains a strategy for the liquidity risk management approved by the management. Even though a strategy is maintained, the strategy is not in a revised manner by the banks risk management. It is a draw of the banks risk management. 4.4 STUDY OF LIQUIDITY RISK In the causes of liquidity risk model, we divide the causes of liquidity risk into bank-specific, supervisory and macroeconomic factors. The model is estimated through fixed effects regression. In the bank liquidity risk and performance model, we regard liquidity risk as an endogenous determinant of bank performance, and apply panel data instrumental variables regression to estimate this model. We also consider another factors affect bank performance besides liquidity risk. Besides, we divide these factors into bank-specific factors, market structure factors, supervisory factors, and macroeconomic conditions. Th e contribution of this study is to use alternative liquidity risk measures instead of liquidity ratio, and we are the first study to investigate the causes of liquidity risk. Furthermore, we find that liquidity risk is an endogenous determinant of bank performance. The analyses in subsample, we further classify countries as bank-based or market-based system, and investigate the different causes of liquidity risk in different financial systems. We also investigate the effect of liquidity risk on bank performance in different financial systems. We find that liquidity risk is the endogenous determinant of bank performance. The causes of liquidity risk include components of liquid assets and dependence on external funding, supervisory and regulatory factors and macroeconomic factors. Besides, we also find that liquidity risk may lower bank profitability (ROAA and ROAE). Banks with larger gap lack stable and cheap fund, and thus they have to use liquid assets or much external funding to meet the demand of fund, increase banks cost of funding. It consequently decreases banks profitability. However, liquidity risk will increase banks net interest margins (NIM). It indicates that banks with high levels of illiquid assets in loans may receive higher net interest income. The financing behaviour is very different between bank-based and market-based financial system. In our study, we classify countries as bank-based or market-based system, and investigate the difference of causes of liquidity risk in different financial systems. The empirical results indicated that the bank-specific variable has the same effect on bank liquidity risk in two financial systems. About supervision and regulation, it provides that greater official power; higher activity restrictiveness will diminish bank liquidity risk in market-based financial system. However, we find that greater regulatory empowerment of private monitoring of banks will increase bank liquidity risk in market-based fin ancial system. Regarding macroeconomic environment, the results indicates that boom economy make banks run down their liquidity buffer in market-based financial system, but macroeconomic has no effect on bank liquidity risk in bank-based financial system. Besides, we further investigate bank liquidity risk and performance in different financial systems. We find that liquidity risk has different effects on bank performance in different financial systems. Liquidity risk is negatively related to bank performance in market-based financial system; however, it has no effect on bank performance in bank-based financial system. Finally, we check the robustness of our results using alternative liquidity risk measures, net loans to customer and short term funding. We find that the results are almost same as the model using financing gap to total assets ratio (FGAPR). Table No.1 Opinion about the financial banking system needed to function in a proper and effective manner S. No. Opi nion No. of Respondents Percentage 1. Efficient Transfer of funds between lenders to borrowers 18 36 2. Efficient and correct pricing of financial assets 10 20 3. Secure and efficient payments resulting in liquidity 22 44 Total 50 100 The above table shows that majority 44% of the respondents stated that the financial banking system needed to function in a proper and effective manner with secure and efficient payments resulting in liquidity, 36 indicates efficient transfer of funds between lenders to borrowers and the remaining 20% expressed efficient and correct pricing of financial assets. Table No.2 Awareness of Basel Core Principles S. No. Opinion No. of Respondents Percentage 1. Preconditions for effective banking supervision 41 82 2. Licensing and structure 27 54 3. Prudential regulations and requirements 38 76 4. Methods of ongoing banking supervision 29 58 5. Information requirements 43 86 6. Formal powers of supervision 34 68 7. Cross border banking 36 72 The above tables reveals that majority (86%) of the respondents are aware about the information requirements in basel core principles, 82% are aware about the preconditions for effective banking supervision, 76% are aware about the prudential regulations and requirements, 68% of the respondents are aware about the formal powers and supervision, 58% are aware about the methods of ongoing banking supervision and the remaining 54% are aware about the licensing and structure. Table No.3 Parties considered for financing by the Basel 2 committee S. No. Opinion No. of Respondents Percentage 1. Retail SMEs 48 96 2. Factories 33 66 3. Commercial Real Estates 37 74 The above tables shows that majority (96%) of the parties considered to finance by the Basel 2 Committee are Retail SMEs, 74% of the re spondents are aware that the beneficiaries are commercial real estates and the rest 66% of them are aware the factories are the beneficiaries towards the Basel 2 Committee finance. Table No.4 Awareness about the retail loan segment hindering during the retail loan distribution Sl. No. Opinion No. of Respondents Percentage 1. Yes 46 92 2. No 4 8 Total 50 100 The above table shows that majorities (92%) of the respondents are aware about the retail loan segment hindering during the retail loan distribution and 8% of the respondents are not aware. Table No.5 Reasons aware about the hindrances S. No. Reasons No. of Respondents Percentage 1. Only SMEs are benefited from this distribution 23 50 2. All retail segments are not covered 12 26 3. Banks step towards self protection 11 24 Total 46 100 The above tables shows that half (50%) of the respondents are aware that only SMEs are benefited from this distribution, 26% of the respondents are aware all retail segments are not covered and the remaining 24% of the respondents are aware only banks step towards self protection. Table No.6 Impacts on SMEs or retail loan segment due to banks self protection S. No. Opinion No. of Respondents Percentage 1. Hindrance in growth of retail segment 12 24 2. Hindrance in growth of economy 38 76 Total 50 100 The above tables shows that majority (76%) of the respondents stated that the impact on SMEs or retail loan segment due to banks self protection hinders the growth of the economy and 24% considered the hindrance in growth of retail segment. Table No.7 Other Disadvantages Sl. No. Opinion No. of Respondents Percentage 1. Restricting retail segment to small business 15 30 2. Non-consideration higher business volume 35 70 Total 50 100 The above table shows that majority (70%) of the respondents considers other disadvantages as non-consideration higher business volume and 30% indicates that restricting retail segment to small business. Table No.8 Awareness about the three issues of risk addressed during the proposal Sl. No. Opinion No. of Respondents Percentage 1. Yes 35 70 2. No 15 30 Total 50 100 The above table shows that majority (70%) of the respondents is aware about the three issues of risk addressed during the proposal and 30% of the respondents are not aware. Table No.9 Impact of the risk considered very high Sl. No. Reasons No. of Respondents Percentage 1. Counter party credit risk 10 29 2. Credit derivatives 9 25 3. Operational risk 16 46 Total 35 100 The above tables shows that less than half (46%) of the respondents stated that operational risk impact is considered as very high, 29% considered counter party c redit risk and the remaining 25% considered credit derivatives risk. Table No.10 Risk involved in counterparty credit risk Sl. No. Opinion No. of Respondents Percentage 1. Medium potential exposure measure and manage the credit risk 7 20 2. Loss given default rate is relatively high 28 80 Total 35 100 The above tables shows that majority (80%) of the respondents stated loss given default rate is relatively high which is the risk involved in counterparty credit risk and 20% of the respondents expressed medium potential exposure measure and mange the credit risk. Table No.11 Risk involved in credit Derivatives Sl. No. Opinion No. of Respondents Percentage 1. Substitution approach 18 51 2. Offset approach 17 49 Total 35 100 The above tables shows that more than half (51%) of the respondents stated that the substitution approach is the highest risk involved in credit derivatives a nd 49% opined offset approach as the risk factor involved in credit derivative risk. The disadvantages of substitutional approach and offset approach are Substitutional approach substitutes the risk weight of the protection seller in place of the risk weight of the reference credit. Offset approach reduces the amount of current exposure by the amount of protection provided by the credit derivatives Table No.12 Awareness about the major impact of double default Sl. No. Awareness No. of Respondents Percentage 1. Reference credit 34 68 2. Protection seller 16 32 Total 50 100 The above tables shows that most (68%) of the respondents are aware that the reference credit as the major impact of double default and 32% of the respondents are aware about the protection seller. Table No.13 Advantages in structure of Basel 2 Sl. No. Awareness High Medium Low Total 1. Fundamental safety and soundness bank ing principles 22 21 7 50 2. Reasonable trade off between enhanced risk sensitivity and implementation burden 36 8 4 50 3. Capital charges are stable over the economic cycle 31 12 7 50 4. Improvement in risk management practice 18 20 12 50 5. Greater Risk Sensitivity 46 2 2 50 6. Reflect and support sound risk management practices 39 6 5 50 7. Adapt to evolving markets and products 17 24 9 50 8. Promote and enhance a level playing field across international boundaries 11 15 24 50 The above tables shows that the advantages in the structure of Basel 2 are self explanatory, however, 46 (92%) of the respondents stated the greater risk sensitivity as high, 39 (78%) of the respondents indicated reflect and support sound risk management practices as high, 36 (72%) expressed reasonable trade off between enhanced risk sensitivity and implementation burd en, 31 (62%) of the respondents opined capital charges are stable over the economic cycle and considered high, 24 (48%) of the respondents stated medium on the adapt to evolving markets and products and the remaining 24 (48%) stated low over the promotion and enhancement of level playing field across international boundaries. Don’t waste time! Our writers will create an original "The Problem With Bank Liquidity Management Finance Essay" essay for you Create order

The Crisis Center Hotline Looking For Immediate Shelter

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Frado Our Nig Essay Example For Students

Frado Our Nig Essay In Harriet E. Wilson’s only known work, Our Nig; Or, Sketches from the Life of a Free Black, I read about a young black girl who grows up as an indentured servant to a large Bellmont family. In the readings I read, the young girl has three names: Alfrado, Frado and Nig. In this essay, I’ll refer to her as Frado. Although Our Nig is an actual fictitious novel, our literature book only gives us three chapters. Each of these small chapters tells us a great story. In Chapter IV â€Å"A Friend for Nig†, we learn what Bellmont family members are Frado’s friends and what member despises her. Our readings didn’t start from the beginning of the novel, we didn’t get a proper introduction to the characters. Instead, you have to catch on as you read. Mrs. Bellmont is married to Mr. John Bellmont. They have four children: James, Jack, Jane, and Mary. Aunt Abby is Mr. Bellmont’s sister, but Mrs. Bellmont calls her Nab. Finally, the family dog is Fido. Confused? Well, I hope I got it right. Fido, the dog we know is a friend to Frado. He may not say anything, but he listens, and sometimes we just need a friend to listen. Mrs. Bellmont, on the other hand, we learn quickly, is very abusive to Frado. She orders Frado to get the smallest wood to keep the fire burning. Frado does what she is told, but Mrs. Bellmont still wants the wood smaller and orders her again. If Frado brought the smallest wood she could find the first t ime, every other piece of wood had to have been slightly bigger. Mrs. Bellmont couldn’t or didn’t want to understand this, so she kicked Frado repeatedly. The only reason she stopped kicking was because John and Aunt Abby walked in (2640). When they did, Frado got up and ran away from the house where no one could find her. The conversation between Aunt Abby and John after this incident was interesting. She asks John why he puts up with his wife beating Frado if he doesn’t want Frado to get hurt. His answer is, â€Å"How am I to help it? Women rule the earth, and all in it† (2641). Everything we’ve read before this, men were rulers of the earth. In this story, Mrs. Bellmont is the dominant one in the house. Like all the other members of this family, except Mrs. Bellmont, Mr. John Bellmont feels sorry for the way Frado is being treated, but he only says it and does nothing to prevent it. They eventually find Frado and James talks to her until sheâ₠¬â„¢s happy again. In Chapter X â€Å"Perplexities-Another Death†, I find that James is dead. Also, Frado starts going to religious meetings with aunt Abby. She speaks freely to the minister, telling him all that Mrs. Bellmont has done to her. Mrs. Reed, a neighbor, tells Mrs. Bellmont what Frado is doing and the next morning Mrs. Bellmont forbids Frado from going out of the house except when she has errands to do. This means Frado will be around Mrs. Bellmont more often, so Mr. Bellmont advises Frado to try to avoid being kicked and whipped. She takes this advice and before Mrs. Bellmont could strike her, Frado shouts, â€Å"Stop! strike me, and I’ll never work a mite more for you† (2644). This surprised Mrs. Bellmont and so she didn’t strike. Frado wanted to escape from Mrs. Bellmont, but she had no place to go, so she decided to wait until she became eighteen. In Chapter XII â€Å"The Winding Up of the Matterâ€Å", Frado is eighteen years old and she meets and falls in love with a black man named Samuel. Together they have one child. Unfortunately, Samuels job ask that he travel a lot, so he is rarely home with his wife and kid. Then, Frado starts becoming sick and to top it off she finds out Samuel had died of yellow fever in New Orleans. All of these misfortunes was too much for Frado to handle, so when the baby was big enough she had a friend, Mrs. Capon, took care of the baby, while she went to get healthy herself. She had adventure after adventure, but in the end she and her baby were able to survive (2646-2647). .ud291bd4d55a72f577914dc7c4586f9ff , .ud291bd4d55a72f577914dc7c4586f9ff .postImageUrl , .ud291bd4d55a72f577914dc7c4586f9ff .centered-text-area { min-height: 80px; position: relative; } .ud291bd4d55a72f577914dc7c4586f9ff , .ud291bd4d55a72f577914dc7c4586f9ff:hover , .ud291bd4d55a72f577914dc7c4586f9ff:visited , .ud291bd4d55a72f577914dc7c4586f9ff:active { border:0!important; } .ud291bd4d55a72f577914dc7c4586f9ff .clearfix:after { content: ""; display: table; clear: both; } .ud291bd4d55a72f577914dc7c4586f9ff { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud291bd4d55a72f577914dc7c4586f9ff:active , .ud291bd4d55a72f577914dc7c4586f9ff:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud291bd4d55a72f577914dc7c4586f9ff .centered-text-area { width: 100%; position: relative ; } .ud291bd4d55a72f577914dc7c4586f9ff .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud291bd4d55a72f577914dc7c4586f9ff .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud291bd4d55a72f577914dc7c4586f9ff .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud291bd4d55a72f577914dc7c4586f9ff:hover .ctaButton { background-color: #34495E!important; } .ud291bd4d55a72f577914dc7c4586f9ff .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud291bd4d55a72f577914dc7c4586f9ff .ud291bd4d55a72f577914dc7c4586f9ff-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud291bd4d55a72f577914dc7c4586f9ff:after { content: ""; display: block; clear: both; } READ: PCB Pollution EssayHarriet E. William’s novel Our Nig, is a great story about a free black. Although she wasn’t a slave, Mrs. Bellmont abused her like she was one. Frado had to be a strong woman to survive all that she did. No one stood up for her, so she took matters into her own hands and although it was a struggle, she survived. Bibliography:

With reference to examples, evaluate the success or otherwise of urban regeneration schemes in combating the causes and consequences of urban decline free essay sample

With reference to examples, evaluate the success or otherwise of urban regeneration schemes in combating the causes and consequences of urban decline. (40 marks) Urban decline can be defined as the drastic decline of a city into infirmity and disrepair. It is usually characterised by increased unemployment, depopulation, deindustrialization, increased crime and political disenfranchisement. Not only does it cause these problems but also it can make the area look unattractive – consequently less people being enticed to the area. This can then lead to a vicious cycle. The causes of these factors, which ultimately cause urban decline, can be: educated workers keep moving to the suburbs to avoid crime, poor schools, taxes and racial tensions. These businesses also find that building new facilities in the suburbs is much cheaper than refurbishing old buildings for their needs. There are many reasons to move out of the city but only a few reasons to stay. We will write a custom essay sample on With reference to examples, evaluate the success or otherwise of urban regeneration schemes in combating the causes and consequences of urban decline or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page When a city or an urban area sinks into decline, the council has the choice to regenerate the area to entice people back into the area. When regeneration is considered in the context of ‘urban,’ it involves the rebirth or renewal of urban areas and settlements. Urban regeneration is primarily concerned with regenerating cities and early/inner ring suburbs facing periods of decline. The term urban regeneration covers everything from creating desirable homes in city centers to finding new uses for our formal industrial heartlands. When regenerating an area the following principles are nearly always followed: coordination between various sectors, creating a holistic vision, regenerating people rather than a place, creating partnerships across all levels of government, building public sector capacity and leadership, and engaging the local community in the planning process. One way to regenerate an area is by property-led regeneration. Property-led regeneration schemes involve building or improving property in the area to change its image and improve the local environment. This was particularly successful in the London Docklands. During the 19th century, London’s port was one of the busiest in the world and warehouses, industries and high density and poor quality housing etc. surrounded the docks. By the end of the 1950s, there was a significant decline with many of the docks derelict and abandoned; there were also many jobs lost and poor living conditions still remaining. Access to the rest of London was poor with narrow roads, which were heavily congested, and a lack of public transport was becoming a huge problem. Whilst the LDDC was responsible for the planning and redevelopment of the Docklands areas, other organisation have also been involved in the redevelopment process, these included: ? landowners, designers and developers, investors, local people and central government. In docklands, economic regeneration was seen as a priority and the government felt that property developers would know how to develop land in ways that would attract businesses. Jobs would be creates, and wealth, it was argued would ‘trickle down’ to poorer communities. It focused on the creation of employment- the regeneration of existing housing stock and the creation of new affordable housing. The government action also supported urban regeneration: tax breaks, deregulation and also working hours could be changed depending on the business. The Environmental Regeneration? probed successful with a network of pedestrian and cycle routes through the area with access to the river and dock edge through waterside walkways? , creation of pedestrian bridges? and creation of new open spaces (150ha)?. There was also a water based Ecology Park and Londons first bird sanctuary at East India Dock Basin one of 17 conservation areas set up? , planting of 200,000 trees (the area has now received many awards for architecture, conservation and landscaping). The Economic Regeneration was also very successful. Unemployment had fallen from 14% to 7. 4% with a doubling in employment and numbers of businesses; there was a ‘transport revolution’ opening of the Docklands Light Railway in 1987 now carrying 35,000 passengers a week;? ?7. 7 billion in private sector investment? 2,700 businesses trading? ; major new roads including link to the M11? ; building of the City Airport in the former Royal Docks (500,000+ passengers a year)? ; attraction of financial and high-tech firms; TV studios and newspapers such as The Guardian now have offices in the prestigious Canary Wharf business complex.

Tips to Improve Your Essay free essay sample

Have a look at the comments. What patterns keep repeating themselves? What things are your existing strengths? What do you really need to improve? 3. Familiarize yourself with the course aims. Different courses can have very different aims and positions in relation to the same topic. To make sure that you are on track, look again at the aims of the ours. These should be written down somewhere, usually in the course handbook or perhaps in online descriptions of the course. Re-reading the aims of the course will help to centre you. 4.Consider creating your own question. On some courses tutors may require you to devise your own question, or offer you the option of doing so. If you the question set does not motivate you, then you should explore the option. It is a mixed blessing: good because you might be able to write about your passion, and because you will be taking yourself out of competition with other students who are all answering the main question (markers tend to get fussier when they see a lot of answers to the same thing). We will write a custom essay sample on Tips to Improve Your Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page On the other hand, it comes fraught with pitfalls.For example creating an obvious or speculative answer. If you do decide to go down this route, always clear the question with the tutor before you start writing. A productive question has the following characteristics: ; Is focused and specific. ; Cannot be answered with an obvious yes or no response. Include a quotation as a starting point. ; Can ; Contributes to a wider academic theory or research concern (may be through challenging testing, unpacking or applying). Does not concern a topic so broad that it leads to pure speculation. Encourages different viewpoints to be put alongside each other. ; Is meaningful: people can see why it matters. ; Ideally creates surprise or covers new ground. Words that might inspire you: analyses, assess, assumptions, causes, compare, consequences, contrast, differences, discuss, evaluate, implications, similarities, what, why. 5. Narrow down the scope of a general question. Theres an old saying that goes Give someone enough rope and they will hang themselves. If you think of trying to read something that says a little bout a lot, it wont have much flow or insight.In general, students do better on more narrowly defined questions, because saying a lot about a little shows that you have a depth Of understanding. So if the title Of the question seems a bit general to you, ask your tutor about the possibility of redefining the scope of study. Here is an example. If the title says, Discuss the representation of women in horror movies, you could say in your introduction, Women are represented in different ways in horror films and it would be too much to try and discuss every sub-genre in detail. This essay will focus on the presentation of women in slashes movies, because that particular topic has attracted the most critical attention The formula here is to show in passing that you know about the whole area, but then to say that it would be better to discuss one area, either because it exemplifies the concerns of the main question or because it addresses it in a particularly interesting way. You could phrase this by saying, Rather than addressing a topic with such a broad scope, the discussion that follows will focus on N 6. Listen out for specific advice from the tutor.Sometimes tutors have a very specific slant on the essay that they want you o produce. Perhaps they are keen that you follow the particular codes and conventions of a certain school of thought. Rather than putting off starting the essay, it is better instead immediately to ask the tutor for some grounding advice. Most will be keen to mention particular quirks and pitfalls to you. My point here is that this eBook is about general academic essay writing. You are advised to modify and tailor this advice to the specific circumstances of your course, tutor and assessment.Most tutors will make technical specifications about a piece of work. For example: double-spaced paragraphs, justified to he left margin, written in 12 point font on paper with margins of at least CM. Some tutors may also offer help in reading through a draft of your work. If your tutor is willing to do this would advise you to go to see them in person (emails with drafts attached can seem a bit impolite) and do as much you can to finish the essay. Otherwise, you will be wasting everyones time since you are asking him or her to say things that are Obvious to both Of you. DEVELOPMENT ADVICE 7.Start as early as possible. One of the biggest problems is that students do too little too late. Weve all dinettes that caffeine-fuelled frenzy of pressured intellectual creativity just before an essay is due in. Rarely does it actually work well. Although it is human nature, and working right up to deadlines motivates people, it also has major problems: ; Bottlenecks mean a scarcity of resources (harassed tutors, libraries plundered of material, over-stretched computer facilities). People compete with themselves to see if they can do a good job. They have precious little time to develop or review their work. Students feel stressed because they are not in control of their work life. ; Some work needlessly owes marks for lateness. Imagine yourself as a lawyer paid to fight a major jury case. Would you leave all your homework to the night before? If you were a soccer hero would you not bother training until the night before each match? This method makes no sense. Its much better to have a get it done immediately/ mentality. The benefits of this attitude are that: ; You feel more in control of your workload. ; You have proper time to review your own work. You can deal with later problems as they come up. ; You can hand your work in early and go to the movies while everyone else gets stressed out. Thats really beating the system. You have to remember that essay deadlines are usually the very last time that work can be handed in, not the only time. Be like Elvis and start taking care of business; just dont eat too many doughnuts while youre doing it 8. Answer only the exact question set. Look very carefully at the working of the question set. Here is an example: Assess criticisms of the thesis that the recent Iraq War was really about oil. This answer does not ask you to state the thesis that the war was about oil (although you should do that in your introduction), nor does it ask you to rely re-state criticisms of the thesis. It asks you, in fact, to assess those criticisms; in other words, to say what was good and bad about each criticism. If you really want to answer a question properly, kick up key words like evaluate, analyses or contrast in its title. These words have very specific meanings. 9. Leave time to review your work. If you plan to finish your essay a couple of weeks ahead of time, something magical will happen.Walk away from the completed piece for a week, and when you come back and read it again all the flaws that you never saw at the time will jump right out and beg to be corrected. The best part is that you still have time to do it! 10. Assess and redraft your essay. When you come to looking at your draft, here is a way to get to the bottom of whether it has a good structure. Print out a copy of the essay leaving a broad left hand margin. As you read it through write a sentence next to each paragraph summarizing what it means. Next take a new sheet of paper and make a flow chart from all of the summary sentences.This will give you a map or outline of your essay that will allow you to judge its development and flow. You can now start to re-arrange, transform, insert or remove arcographs to improve the development of the piece as a whole. Another tip here is that if you are short of the word count, you can add each summary sentence to the front of its paragraph, if appropriate, to increase the clarity. Finally, you may have to redraft your work several times until you get it right. Very few people can write anything of real substance with clarity first time round. Almost all top writers take several drafts to fully expound and arrange their ideas.Why should you be any different? 11 . Focus on staying within the word limit. It is a tragedy when students with great work are penalized for going over Engel. Usually a few words (up to about 10%) will not make much difference, but going over length any further indicates an unrestrained sloppiness and inability to stick to the rules stated. There is an art to being able to summarize some sections and leave detail in others, to create a result that leads the reader through the issues boldly and slowly, so that at the end they feel satisfied and do not want more.You may wish to apportion word limits to the individual points that you are developing. Find that a bit obsessive, but do it if it works for you. RESEARCH TIPS 12. Go beyond lecture material. One of the biggest mistakes people make at university is dragging their old models of learning along with them. Rather than spoon-feed the truth for you to regurgitate, lecturers usually aim to give you a few starting points to guide you in your own independent research, learning and thinking on a topic. You display progress in that by showing that you have done your own reading and thinking around the Issues. 3. Focus on the best academic sources. Research is a big part of doing a strong essay. This part is all about effort and quality control. The more you look, the more you will find. Rather than rousing down the library (an approach which often throws up old or marginal sources), the best thing to do is to take things in three steps: Foundational learning: begin with introductory material, particularly recent textbooks and subject dictionaries. The online encyclopedia wisped is one such starting point and can be found here: http://w. Iv. wisped. Rug/ The problem with wisped, though, is that it is not really an academic source since anyone can write or alter an entry. Try to find online resources in your discipline, so that you can re-search them when starting different essays. Take some rough notes from these starting sources to get grounded in your subject, but do not use the sources in your final essay as it will mark you out as a total beginner rather than an emerging expert. ; Hunting for sources: once you have acquired a basic familiarity with the topic, cast your net a lot wider, and keep casting it.Only look for academic sources (those from university presses or from other publishers like Sage or Rutledge who feature writers from universities). Such sources can include journal articles, reports, books or book chapters and scholarly monographs. At this stage, ether than doing more reading you should simply keep searching for bibliographic references to academic pieces are either current (within the last five to ten years) or classic (the relevant pieces by authors that everybody talks about). Set a goal of finding, say, twenty books, book chapters and articles that are the most relevant to your title.Maximizing your options should be the goal at this stage. Remember to keep within or close to your discipline at this stage, since different disciplines can come at the same topic via very different angles. Use your library catalogue. If your university obscurities to electronic search engines like BIBS, CLC First Search or ASTOR, then use those. Some free search engines you might also try: scholar. Google. Com/ o http:/ o http://whiffletrees. Com/ rather a general source which includes non-academic material. O http://van. Www. Eggs. Du/ . This school has online articles by some famous social thinkers. ; Final reading: once you have found the best sources, begin to read them, taking notes and focusing on the most relevant sections. 14. Focus on printed sources. Try and use sources that you can cite down to the exact page number. Often this will mean going to printed copies of things. If your bibliography consists of predominantly internet sources, even if they are all good ones, the marker will probably surmise that you are a bit lazy and convenience orientated.Some sections of academia are slow to change; I think there is still a bias towards printed sources among examiners and it would be as well to be aware of it. 15. Find good examples. What makes a good example? Apart from it being correctly cited, would say that it needs to be accurate (factual), important (relevant), reliable (representative) and strong (proving the point). How much detail you include ACH time is a matter for your own evaluation. Maybe re-reading a later draft will help you decide if you have conveyed it effectively.

Analytical Essay Sample on a Developing Nation and a Superpower Their Relationships

Analytical Essay Sample on a Developing Nation and a Superpower Their Relationships In the post-Cold War era, the game of international politics has shifted from the one-upmanship tangles of the two Blocs to the unilateralist hegemony of the US, brought to clear light by the global events unfolding in the wake of 9/11. In this scenario, it would be foolhardy to postulate that a developing nation can have an equal relationship with a superpower (read US). At best, the former can tweak the terms of engagement a bit to allow itself the space to hold negotiations on a more level footing. Consider US President George Bushs upcoming India visit. The one aspect that will determine its success or failure is the Indo-US civilian nuclear deal. The UPA governments handling of this issue is a fine hook on which to hang my argument. Speaking solely of logistics, the deal heralds far greater advantage for India than it does for the US. While America may seek Indian support in containing China, it is India whose nuclearisation is essential for keeping in check the rampant animosity that it brooks in its backyard. The onus of seeing the deal through therefore rests with the Indian government. This is precisely why the Prime Minister is sidesteeping domestic opposition to the deal, even at the cost of antagonising his allies. Having said that, the government can hardly be accused of a sellout. It has identified facilities that will not be subjected to international inspection after Atomic Energy Commission Chairman Dr. Anil Kakodkar raised doubts over the future of Indias nuclear programme if the fast breedor reactor was thrown open to purview. While the government is conversant with the compulsions that surround the deal, it is unlikely that it will dither on vital issues of national security. Each and every interaction must be governed by enlightened self-interest, one that makes the most of shared interests, while simultaneously conceding give-and take on points of individual welfare. Only then can a developing nation salvage its dignity and not end up looking like a stooge. This holds true for all unequal relationships. If you need custom essays, research papers, thesis, dissertation or term papers on Politics, Economics or other discipline feel free to contact our professional custom writing service.

Current Event Review 4 Article Example | Topics and Well Written Essays - 250 words

Current Event Review 4 - Article Example I believe this is a very encouraging measure taken by the European Union. This is because in recent years health threats caused by technology have been mostly sidelined with greater importance given to security. On the other hand, TSA of the United States has tried to offset the alarm rung by the EU decision through biased statistics which demonstrate the improved security resulting from the use of X-ray body scanners. A lately released ProPublica document highlights the hazards of X-ray body scanners stating that up to hundred Americans may possibly fall prey to cancer because of these machines. However, FDA was quick to come up with contrary evidence that cancer risk exists in just 1 among 400 million, thus, playing in the hands of TSA and overlooking the health risks. In my opinion, TSA is not giving due respect to ethics, health and safety of the people. This is because despite of the ruling of EU and reports by ProPublica, it has planned to install further X-ray body scanners in coming times. This is a violation of the Business ethics owing to the fact that the health and the safety of the consumers is the responsibility of the organizations. The installation of these scanners despite of the presentation of the risks of these X ray scanners explains the fact that the health and safety of the people is being compromised. I believe that security is of utmost importance and proper security measures are essential but this should not put the health of people at stake. Instead, safer measures should be opted for so that the purpose of security is fulfilled and at the same time the health of the individuals is not risked. DiSalvo, D. (2011, November 15). â€Å"Europe Bans Airport Body Scanners For "Health and Safety" Concerns.† Forbes. Retrieved from: