My Drops!

The world has hardly coped with its latest economic nightmare - financial crisis that started during 2007/08. The conditions now show impressive signs to portray the revival from the crisis but one might not be sure enough as the economic activities follow a cycle. Ben Bernanke in April, 2012 defined Shadow Banking System – “ Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions--but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include   securitization vehicles , asset-backed   commercial paper   (ABCP) conduits, money market mutual funds, markets for   repurchase agreements   (repos),   investment banks , and mortgage companies.” Investment banks used the Off-Balance Sheet, Securitization to finance mortgages and their risk was hedg...

When development is concerned with mobility, mobility sounds and means similar to the migration. In simple words, migration means the movement of people from one place to another for several reasons like food, income, shelter, health, water, etc. In earlier days, food and income used to be the prime reasons for the migration. The history of development also suggests that development used to be synonymous to the economic development, thus since the discovery of the money as a major store of value and major means of transaction of goods of services, income has been one of the major requirements of the human survival and development. Coming to the present day, it is money which is usually seen as an intermediary in almost every transaction of day to day livelihood. Thus, the relationship between mobility and development or migration and development seems very significantly, the statistical significance yet to be discovered though. Today’s world is globalized; an individual evidences...