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In the era of modern industrial regimes, the role of technology in tackling climate change is pivotal. International goals of climate change mitigation and sustainable development cannot be achieved without the contribution of new technologies.
'Kuch Lafz' is a 16-poetry book which is of 32-pages written in Hindi. The author is a pharmacy graduate and this book depicts the feelings of a son about his mother
Derivatives have a fascinating, 10,000-year-old history. From the ages of Babylonian rulers to medieval times, all the way to present day electronic trading, various forms of derivatives have had a place in humanity's financial history. Based on an agreement around an underlying asset to exchange cash or other commodities within a specified time frame, derivatives are a way to invest and hedge assets without ever actually needing to possess the asset itself. Ancient History In Sumer in 8000 B.C., clay tokens were baked into a spherical sort of "envelope" and used as a promise to a counterparty to deliver a quantity of goods by a certain date. Based on the time frame imprinted into the envelope vessel and the tokens themselves, sellers promised to deliver the assets. This exchange essentially functioned as a sort of forward contract, which was settled once the seller delivered their goods by the date baked onto the token. The motivations for using swap contracts fall into two basic categories: commercial needs and comparative advantage. The normal business operations of some firms lead to certain types of interest rate or currency exposures that swaps can alleviate. For example, consider a bank, which pays a floating rate of interest on deposits (e.g. liabilities) and earns a fixed rate of interest on loans (e.g. assets). This mismatch between assets and liabilities can cause tremendous difficulties. The bank could use a fixed-pay swap (pay a fixed rate and receive a floating rate) to convert its fixed-rate assets into floating-rate assets, which would match up well with its floating-rate liabilities. Some companies have a comparative advantage in acquiring certain types of financing. However, this comparative advantage may not be for the type of financing desired. In this case, the company may acquire the financing for which it has a comparative advantage, then use a swap to convert it to the desired type of financing. For example, consider a well-known U.S. firm that wants to expand its operations into Europe, where it is less known. It will likely receive more favorable financing terms in the U.S. By using a currency swap, the firm ends up with the euros it needs to fund its expansion. Exotics CMS SWAP CMS swap is a kind of second order swap where you swap a rate of your choice against the above mentioned '10 year swap rate'. Every once in a while the rate is changed by referencing whatever Reuters says on that date the '10 year swap rate' is. Because it is always the 10 year rate that is referenced, it is called a constant maturity (in this case 10 year maturity) swap. Your payments however vary depending on developments in the market for ordinary swaps. A constant maturity swap (CMS) rate for a given tenor is referenced as a point on the Swap curve. A swap curve itself is a term structure wherein every point on the curve is the effective par swap rate for that tenor. This is analogous to a 3m LIBOR curve represents 3m forward rates for a given tenor. A swap rate can be considered as a weighted-average of forward rates. e.g. a two year par swap rate would be the fixed rate that makes a swap on (assume) LIBOR have NPV zero at inception. Usually, a LIBOR curve (or more generically a forward curve) would be bootstrapped using swap rates in the market (usually from 2y on-wards). For almost all derivatives you mentioned (best of my knowledge) you can liken them to their LIBOR counterpart where the reference curve is the par swap curve (effective swap rates per tenor) in lieu of the 3m LIBOR curve. e.g. a CMS swap's floating leg will (on fixing day) not refer the 3m LIBOR but the swap rate for the tenor instead. Moreover, one could also have the other leg floating and refer to LIBOR underlying curve.
'Look At the Mirror' helps overcoming Depression, anxiety and addiction. Life has been a long battle, which I was on verge of losing. Through this book I have shared some beautiful insights, I wrote these featuring poems while I was on my recovery period, it helped and did guide me through most difficult times. A loss is necessary to realise how beautiful winning is. I dedicate this book to all the people who are going through difficult times and to my5 parents for supporting me. THANK YOU.
The Greek debt crisis is claimed to be the aftermath of the 2008 financial crisis of USA. Greece¿s economy has been in crisis since 2009. While concerns have focused on the sustainability of the government¿s debt, the crisis has also resulted in a general collapse of the Greek economy. Greece¿s debt level has increased from 103% of GDP to over 170% of GDP, its economy has contracted by 25%, unemployment has tripled to 25%, and the Greek banking system has become increasingly unstable. Although other Eurozone governments, the International Monetary Fund (IMF), and the European Central Bank (ECB) have taken a number of policy measures to contain the crisis, Greece continues to face serious economic challenges. The purpose of this book is to comprehensively analyze the situation of the Greek economy and to study its effects on the world. This work would be helpful for academicians, professionals, students and other members of the legal fraternity who want to gain an insight into the Greek debt crisis. This book gives a unique perspective that is a blend of international trade law and global economy.
In the era of modern industrial regimes, the role of technology in tackling climate change is pivotal. International goals of climate change mitigation and sustainable development cannot be achieved without the contribution of new technologies. At the same time, the importance of patent protection and an efficient patent system that facilitates technology transfer among international frontiers cannot be overlooked. Many patented technologies are either not accessible for further dissemination or do not hold much technical value. Therefore, advanced systems of collaborative innovation have been developed, especially in the sector of green technology and green innovation.The environmental concerns of the global community cannot be tackled by a single company, person, sector or country. Innovation partnerships and collaborative research will play a vital role in combating global climate concerns and in determining the diffusion of green technologies for maximum impact. This book argues that policy-makers should encourage partnerships in technology rather than focusing on gaining investment and access to green technology to encourage global technological giants to transfer their technology and knowledge to local entities. It analyzes the relationship between patent protection, green innovation and diffusion of green technology against the backdrop of climate change and severe climate crisis.Taking an interdisciplinary approach to align patent law and green technology with the Sustainable Development Goals, it examines the effects of patent protection, technology transfer and compulsory licensing on the diffusion of green technologies while offering a systematic analysis of the relationship between patent protection, green innovation and diffusion of green technology from a global perspective.
Memories awaits you, Lingering midst unearthedMysteries and the ChronicleOf your mislaid times, Beneath your core, sheath for glee, Beyond your wits, Under the darkIn your heart and isEternal.
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