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Quick ViewThe Basel III international regulatory framework, which was produced in 2010 by the Basel Committee on Banking Supervision at the Bank for International Settlements, is the latest in a series of evolving agreements among central banks and bank supervisory authorities to standardize bank capital requirements, among other measures. Capital serves as a cushion against unanticipated…
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Quick ViewStudent loan forgiveness and loan repayment programs provide borrowers a means of having all or part of their student loan debt forgiven or repaid in exchange for work or service in specific fields or professions or following a prolonged period during which their student loan debt burden is high relative to their income. In both…
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Quick ViewChapter One discusses the role of central banks in our economies, with more emphasis on the U.S. Federal Agency, and their monetary policy to stabilize the economy (correct the business cycle) and satisfy their ultimate objectives: price stability, growth, employment, long-term interest rates, and current account balances. Chapter Two investigates the impact of shocks of…
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