What is shadow banking Essay Example | Topics and Well Written Essays - 2750 words - 1

What is shadow banking - Essay Example services offered, explains the pros and cons and shows the connection between this new mode of banking and the traditional method (Poszars & manmohan, 2011). The main objective of this study is to explore the concept of shadow banking and show this, i just read your profile and i want to be your pal from Kenya he main underlying ideas behind it. The research focuses on the impacts of this banking and the role of shadow banks in modern contemporary living. It identifies the connection and the place of shadow banks in the future in relation to traditional forms of banks. Banking for several years has followed the traditional banking system which despite the various issues in management and operation has flourished in the industry. Proper lending modes, rates of interests and principles governing loans and investments have been major contests between the banking sectors, the government and the people. Some claim that the rates are high, while others fail to obtain enough amounts of funds for their needs. The government on the other side plays a big role in maintaining a balance in balance of payments which is influenced by the rates of exchange in banks. The introduction of shadow banks has led to a large controversy in the industry based on the foundation of their operations and at the same time offered solutions to the many issues regarding operations in the banking unit (Adrian & Shin, 2009). This is a network of financial institutions such as structured investment vehicles, hedge-funds, conduits, money-market funds, investment banks and non-bank financial institutions whose members are not subject to regulatory limits and laws. They facilitate credit creation in a global financial market whose banks are non-depository. These banks do not accept traditional bank deposits and their activities such as credit default swaps are not regulated. As a result most of the instruments are able to fetch higher market as well as credit and liquidity risks despite lacking

The Metaphysics of John Duns Scotus :: Philosophy Philosophical Papers

The Metaphysics of John Duns Scotus The ecclesiastical condemnation of Aristoteleanism and Arabian philosophy in 1277, which included some of the theses of Thomas Aquinas, had a profound influence on the subsequent development of medieval philosophy. Of course, opposition to Greco-Arabian philosophy was nothing new in the 13th century. Its opening decades had seen the newly translated work of Aristotle and Averroes forbidden; yet their vogue spread, and in the years that followed a reconciliation was attempted, with varied success, between Christian dogma and the 'new learning'. The 'heresy' of Latin Averroism as the end of the century only confirmed the suspicion of the traditionalist theologians that any Christian who accepted the credentials of Aristoteleanism must arrive at conclusions contrary to faith. The great condemnation of 1277 expressed their renewed reaction to Aristotle and left an even deeper impression on subsequent scholars of the inadequacy of philosophy and pure human reason, in the name of theology. If, as had been claimed, the 14th century is a period of criticism, it is above all, a period of criticism, in the name of theology, of philosophy and the pretensions of pure reason. The attitude of Duns Scotus (1266-1308) of the Franciscan Order, towards Aristotle and philosophy in general is seen in his Object of Human Knowledge. According to Aristotle, the human intellect is naturally turned towards sensible things from the way is must draw all its knowledge by way of sensation and abstraction. As a consequence, the proper object of knowledge is the essence of a material thing. Now, Duns Scotus was willing to agree that Aristotle correctly described our present way of knowing, but he did contest that he had said the last word on the subject and that he had sufficiently explained what is in full right the object of our knowledge. Ignorant of Revelation, Aristotle did not realise that Man is now in a fallen state and that he was describing the knowledge, not of an integral Man, but one whose mode of knowing was radically altered by original sin. Ignorance of this fact is understandable in Aristotle, but it must have seemed inexcusable in a Christian theologian like Thomas Aquinas. The Christian, Scotus argues, cannot take Man's state as his natural one, nor, as a consequence, the present servitude of his intellect to the senses and sensible things as natural to him. We know from Revelation that Man is destined to see God face-to-face.

Leadership and Management: a Comparative Essay Essay

Over the years there has been a lot of debate on the similarities and differences between management and leadership. Weathersby (1999) argued that â€Å"management is the allocation of scarce resources against an organization’s objective, the setting of priorities, the design of work and the achievement of results† whereas leadership â€Å"focuses on the creation of a common vision†. Schruijer and Vansina (1999) proposed that management is about â€Å"doing things right† and leadership is â€Å"doing the right things†. Both studies appear to view the management function as an administrative role while placing the leadership function as a visionary role. Locander, Luechauer, and Pope (2007) support this notion by arguing that leadership is like theater and that the leader is the visible manifestation of an organization’s or project’s success or failure. Therefore, he or she must engage the followers to believe in and achieve a desired outcome â€Å"By paying attention to what people want and expect, and by searching for solutions to problems, the leader can act appropriately and fulfill the desired role† (Locander, et. al, 2007). Lichtenstein, Bien, Marion, Seers, Orton, and Schreiber (2006) added a relational dimension to their definition of leadership stating that â€Å"leadership is an emergent event, an outcome of relational interactions among agents†¦leadership emerges through dynamic interactions†. Having a background in Communication Studies, I also look at how relationships affect the definition of both leadership and management. Effective leadership and management results in the achievement of goals; quality leadership and management builds and sustains working relationships in the process of achieving those goals. Having this understanding, I define leadership as creating and maintaining relationships in such a way that it motivates people to achieve personal and shared goals. Management, in turn, nurtures those relationships and bridges the vertical gap in organizational structure. â€Å"The critical resource of most businesses is no longer capital but the people a company hires, motivates and develops† (Karp, 2006). Good leaders should inspire people to want to better themselves first and then use that esteem to better their external environment (i.e. the organization or the task at hand). Chen (2006) states â€Å"Business is often a roller coaster of highs and lows. Therefore it is to be expected that high performance leaders are more skilled at motivating themselves and others in challenging situations†. Here, Chen alludes to a key factor in good leadership and that is the leader’s self esteem. Malhotra, Majchrzak, and Rosen (2007) propose that a leader is responsible for â€Å"articulating a vision for the team, communicating the vision with passion, setting an execution plan so the vision can be accomplished, forming coalitions of believers, aligning others behind the vision, and shaping a team culture by articulating operating values†. In order for a leader to do the above-referenced items, he or she must have high moral standards and a positive self-image to exact such duties. The Bible affirms that good leadership is rooted in high moral standards. Peter 3:8-11 reads â€Å"Finally, [be ye] all of one mind, having compassion one of another, love as brethren, [be] pitiful, [be] courteous: Not rendering evil for evil, or railing for railing: but contrariwise blessing; knowing that ye are thereunto called, that ye should inherit a blessing. For he that will love life, and see good days, let him refrain his tongue from evil, and his lips that they speak no guile: Let him eschew evil, and do good; let him seek peace, and ensue it†. REFERENCES Chen, J. (2006). International Corporate Highfliers: What Makes Them Tick. British Journal of Administrative Management, 52, 26-27. Karp, T. (2006). Transforming Organisations For Organic Growth: The DNA of Change Leadership. Journal of Change Management, 6, 3-20. Lichtenstein, B., Uhl-Bien, M., Marion, R., Seers, A., Orson, J., & Schreiber, C. (2006). Complexity Leadership Theory: An Interactive Perspective On Leading In Complex Adaptive Systems. Emergence: Complexity & Organization, 8, 2-12. Locander, W., Luechauer, D., & Pope, J. (2007). Leadership Is Like Theater. Marketing Management, 16, 45-47. Malhotra, A., Majchrzak, A., & Rosen, B. (2007). Leading Virtual Teams. Academy of Management Perspectives, 21, 60-70. Schruijer, S. and Vansina, L. (1999). Leadership and Organization Change: An Introduction. European Journal of Work & Organizational Psychology, 8, 1-8. Weathersby, G. (1999). Leadership vs. Management. Management Review, 88, 5.

Essay about Platos The Allegory of the Cave - 818 Words

Platos The Allegory of the Cave In Plato’s â€Å"The Allegory of the Cave,† he suggests that there are two different forms of vision, a â€Å"mind’s eye† and a â€Å"bodily eye.† The â€Å"bodily eye† is a metaphor for the senses. While inside the cave, the prisoners function only with this eye. The â€Å"mind’s eye† is a higher level of thinking, and is mobilized only when the prisoner is released into the outside world. This eye does not exist within the cave; it only exists in the real, perfect world. The â€Å"bodily eye† relies on sensory perceptions about the world in order to determine what is reality. Metaphorically speaking, the cave is a physical world filled with imperfect images. This world is filled with distorted images about reality. Inside†¦show more content†¦There is a concrete difference between the two eyes discussed by Plato. The â€Å"bodily eye† lives in the distorted world of sense perceptions; the imperfect world which people experience with their physical senses. In the cave, there were â€Å"men passing along the wall carrying all sorts of vessels, and statues and figures of animals made of wood and stone and various materials† (278). The shadows of these objects were considered reality to the prisoners, but in actual fact they were just distorted images. The â€Å"mind’s eye† sees in the perfect world, a spiritual realm. It sees beyond the world of sensory perception. Perfect reality is described when the prisoner comes into the light and sees the â€Å"light of the moon and the stars and the spangled heaven.† These moons and stars make up the real world that only the â€Å"mind’s eye† is able to see. By using the same word, â€Å"eye,† to refer to both, Plato is suggesting that there is a connection between the two. Both eyes are used to perceive what is supposed to be reality, but the two see completely different worlds. For instance, inside the cave the prisoner uses his â€Å"bodily eye† to see the world of shadow â€Å"puppets†. He truly believes that these shadows are complete reality because his â€Å"bodily eye† tells him so. When he is released from the cave, he uses his â€Å"mind’s eye† to see the sun, moon, stars, and water. It is then that he realizes that these objects are true reality. The â€Å"bodily eye† sees the imperfect world, andShow MoreRelatedPlatos Allegory of the Cave1521 Words   |  7 PagesPlato’s Allegory of the Cave Essay One of Plato’s more famous writings, The Allegory of the Cave, Plato outlines the story of a man who breaks free of his constraints and comes to learn of new ideas and levels of thought that exist outside of the human level of thinking. However, after having learned so many new concepts, he returns to his fellow beings and attempts to reveal his findings but is rejected and threatened with death. This dialogue is an apparent reference to his teacher’s theoriesRead MorePlatos Allegory of The Cave752 Words   |  3 Pagesinterpreting Plato’s â€Å"Allegory of the Cave’’ in which is a representation that described a narrative of the society of people in before Christ years. I realized how there was a major comparison of people in today’s society that reflected the same prisoner traits as the prisoners that were described in the dialogue. According to the Plato’s â€Å"Allegory of the Cave.† It described conditions of people chain ed at birth unable to function as independent individuals that were locked in a protracted dark cave. TheyRead MoreAnalysis Of Platos Allegory Of The Cave864 Words   |  4 PagesOn the surface of Plato’s â€Å"Allegory of the Cave† it is just a simple piece, but the main purpose of the piece is to explain people living in a world of face value and having individuals break free from the main idea to create a new sense of what the world is truly about. In here, Plato uses the writing style of allegory to encompass the use of imagery and symbolism to explain his purpose. He also uses very clever dialogue with constant repetition to represent a bigger idea about the philosophy withRead MoreExplain Platos Allegory Of The Cave1483 Words   |  6 Pagesquestions they raised. For instance, Plato’s â€Å"Allegory of the Cave† is essential for philosophy because it answers the question of why should anyone engage in philosophy. This paper will explain Plato†™s â€Å"Allegory of the Cave† in both classical and modern manner as well as suggest philosophical topics for further inquiry. Plato’s â€Å"Allegory of the Cave† is told through the lips of Socrates, Plato’s teacher, to Glaucon, Plato’s brother. Socrates suggests imagining a deep cave having a large room and a steepRead MoreAnalysis of Platos Allegory of the Cave948 Words   |  4 PagesPlatos Allegory of the Cave Platos Allegory of the Cave is also termed as the Analogy of the Cave, Platos Cave, or the Parable of the Cave. It was used by the Greek philosopher Plato in his work The Republic to illustrate our nature in its education and want of education. It comprises of a fictional dialogue between Platos teacher Socrates and Platos brother Glaucon. Socrates gives a description of a group of people who spent their lifetime facing a blank wall chained to the wall of a caveRead MoreAnalysis Of Platos Allegory Of The Cave1532 Words   |  7 PagesIn the allegory written by Plato titled â€Å"Allegory of the Cave†, Plato discusses the concept of seeking knowledge and gaining wisdom. He uses a story of prisoners trapped into a cave to represent the confines of reality that humans are put into, and a lone prisoner exiting the cave to represent a philosopher seeking a greater understanding. Plato’s writing tells of the flaw that all humans share, which is the fact that we believe our p erceptions to be the absolute, incontestable truth. It is thisRead MorePlatos Allegory Of The Cave Essay1749 Words   |  7 Pages Plato’s â€Å"Allegory of the Cave† is full of meaningful, thought provoking lessons that have been analyzed be scholars and philosophers for years. One of the basic lessons we can draw from it is immaterial truth, or forms. In Plato’s cave scenario, the men who only see shadows have ideas of what they are seeing. They conclude they can see certain things and can name those things. But what they see as an actual object, they are actually just seeing a shadow of the actual object. â€Å"If they discuss thingsRead MorePlatos Allegory of the Cave and Advertisements1889 Words   |  8 PagesJulian Figueroa (#30973127) 1 An Allegory of Advertisements How does Plato’s allegory influence the way we consume art today? Every minute of every day, millions of people are exposed to advertisements. They plague televisions, streets, radio waves, and all means of communication. These advertisements employ many methods of persuasion and their influence is irresistible. Just like prisoners in Plato’s Allegory of the Cave, we are told every day to invest our time and interest into the subjectRead MoreEssay on Platos Allegory of the Cave1315 Words   |  6 Pagescriticized? In Plato’s Allegory of a Cave he describes an example of people conforming to the norm they were born into and then shows the results of a person emerging from this community into a completely new and different world. People today are trapped into conforming to the American way to avoid being chastised but if we all stand up and make our own decisions based on what we want and our own path, eventually individuality will become the social norm. In Plato’s Allegory of the Cave, the personsRead MorePlatos Allegory of the Cave3086 Words   |  13 PagesPrompt: Define Plato s â€Å"Allegory of the Cave†. What is the central message? Is he describing education alone? Where does politics come in? Plato is known to many as one of the most influential and greatest philosophers to have lived. Plato represents his idea of reality and the truth about what we perceive through one of his famous writings, â€Å"The Allegory of the Cave†. The philosophical writing is in the form of an allegory, which is â€Å"a story in which the characters and situations actually represent