Financial systems Essay Example | Topics and Well Written Essays - 2000 words

Financial systems - Essay Example tion is, i.e., the greater the efficiency with which it can mobilise the resources in the economy and create value, the stronger will be the fundamentals of the concerned nation. The financial institutions together form the financial market of a nation. These institutions contained within the financial web or community could be categorised into a number of groups depending on the type of activities with which they are involved. These different groups, namely, the agents, brokers and financial intermediaries are linked up with one another closely through contractual agreements or legal orders. While agents and brokers operate to bring the institutions and investors closer to each other, the intermediaries are the ones who channelise the flow of funds between any two agents. However, the classification above had been rather a broad one and the significant financial institutions are actually represented by special terms as follows – The banking sector – This sector comprises of financial intermediaries involved in channelising the flow of resources. To be precise, the banking sector indulges in accepting surplus deposits and lending them to deficit accounts. Foreign exchange market – Foreign exchange market also comprises of agents and brokers with the only difference with the former being that the role is being played by the commercial banks of the concerned nation (Das, 2005). Government debt market – The government debt market comprises of intermediaries in the form of the central bank of a given nation. It indulges in accumulating debt for the government from internal as well as external sources. The UK financial system is often claimed as one of the most robust and sound system among its counterparts in various developed nations, by the economists and political leaders of the nation. In fact, such claims could be debated by various facts and figures post the global financial meltdown. The bank had kept its prime lending rate rather low at 5.52%

Parenting Styles Essay Example | Topics and Well Written Essays - 1250 words

Parenting Styles - Essay Example â€Å"†¦..cause-and-effect links between specific actions of parents and later behavior of children is very difficult. Some children raised in dramatically different environments can later grow up to have remarkably similar personalities. Conversely, children who share a home and are raised in the same environment can grow up to have astonishingly different personalities than one another.† (Baumrind, 1978) A boy returned from school with a note that stated that the boy was a slow learner and therefore had to quit school. The options were to plead to the school, change the school or a private tutor. The mother dismissed all options and became the boy’s tutor. For years’ with great skill and angelic patience she taught her son- the slow learner. Later this slow learner had several inventions to his credit- Thomas Alva Edison for his mother taught him the fundamentals. Albert Schweitzer stated that parenting is like using on burning candle to light several others; the first does not loose its brilliance. Would a son respect and obey his father who exhorts him to be honest, but will not give up his dishonest ways? Will a daughter admire her mother who chides her for not being discreet and guarded in her speech, when she herself is talkative and constantly faulting others? Parents insist that children obey the fourth commandment to honor parents but they should make a greater effort to be worthy of that honor. This does not mean that parents have to be perfect. As long as the children see the parents as heaven-ward looking, down to earth role models, then children would live up to one’s expectations. Why do well meaning parents end up disappointed? Parenting is a journey. The bottom line is the only way to raise a decent child is by being a decent human being. All parents wish to raise happy and smart children