The Importance of Banks in Foreign Exchange and the Implications of the Currency Risk over the Bank Management

The concentration and the role of the banks in the development of the currency market represents the first element on influencing the major players and their strategies on a global scale. The currency market is considered the system of the relations between financial and currency exchanges explained by the relation of buying and selling currency or buying-selling deposits throughout foreign coins. This market is also called FOREX (Foreign exchange market), being the biggest financial market in the world. The overcome of borders and the globalization of markets and countries conducted to the internationalization of monetary markets that have great implications in the currency risk of the banks. This paper aims to highlight the main features of the Forex currency market in the light of the extraordinary needs and ability of the banks and the financial system to assure the stability, which not only support the economy but also develop a complex sistem of instruments, transactions - both in the capital market and especially on the currency market - but also by products and derivatives in order to complete the proper satisfaction of clients and other banks. Next to these we add an imminent importance is established by the currency risk, which tend to ensure stability in the current crisis and understanding the tools and policies in global banking, the main goal being the control of national and international financial standards in banks and economy by conducting a stable bank management.currency market, financial markets, currency risk, bank management, globalization and internationalization, transaction, exchange, derivatives implications of currency risk.

Why Neural Correlates Of Consciousness Are Fine, \ud But Not Enough\ud

\ud The existence of neural correlates of consciousness (NCC) is not enough for philosophical purposes. On the other hand, there's more to NCC than meets the sceptic's eye.\ud (I) NCC are useful for a better understanding of conscious experience, for instance: (1) NCC are helpful to explain phenomenological features of consciousness – e.g., dreaming. (2) NCC can account for phenomenological opaque facts – e.g., the temporal structure of consciousness. (3) NCC reveal properties and functions of consciousness which cannot be elucidated either by introspective phenomenology or by psychological experiments alone – e.g., vision.\ud (II) There are crucial problems and shortcomings of NCC: (1) Correlation implies neither causation nor identity. (2) There are limitations of empirical access due to the problem of other minds and the problem of self-deception, and (3) due to the restrictions provided by inter- and intraindividual variations. (4) NCC cannot be catched by neuroscience alone because of the externalistic content of representations. Therefore, NCC are not sufficient for a naturalistic theory of mind, (5) nor are they necessary because of the possibility of multiple realization.\ud (III) Nevertheless, NCC are relevant and important for the mind-body problem: (1) NCC reveal features that are necessary at least for behavioral manifestations of human consciousness. (2) But NCC are compatible with very different proposals for a solution of the mind-body problem. This seems to be both advantageous and detrimental. (3) NCC restrict nomological identity accounts. (4) The investigation of NCC can refute empirical arguments for interactionism as a case study of John Eccles' dualistic proposals will show. (5) The discoveries of NCC cannot establish a naturalistic theory of mind alone, for which, e.g., a principle of supervenience and a further condition – and therefore philosophical arguments – are required.\u