Optimal Sterilization Policies in Interdependent Economies

In this paper, a two-country leader-follower model with imperfect asset substitution is used to derive the optimal sterilization coefficients for two-country flexible and fixed exchange rate regimes. It is found that, in general, incomplete sterilization is optimal. However, both the origin and the type of macroeconomic shocks the economies experience are important in determining the appropriate degree of sterilization. We also find that sterilization policies have spill-over effects (strategic complements) in both cases. Thus, in a competitive policy-making environment, greater sterilization by one country leads to greater sterilization by the other country. Further, the impact of increasing capital market integration is examined in particular. We show that greater integration compounds this problem, leading to full sterilization as the optimal outcome under perfect capital mobility

Corporate manslaughter and the company director

On the 6th April, 2008, long-awaited legislation comes into force which will change the face of corporate accountability for manslaughter. From sullen grumblings as far back as 1912 in the wake of the Titanic disaster, there has been growing concern that corporate manslaughter directly or indirectly threatens the security or well-being of society, and that it is not safe to leave it redressable only by compensation in civil proceedings. Following the failure of the prosecution of the shipowner in the case of the Herald of Free Enterprise, the call for a change in the law demanded action and, with the failure of the prosecution of Great Western Trains in the Southall crash, that call became irresistible. This paper examines the current law of manslaughter from the intimate position of the company director, and the rôle which they have played in the conception and birth of the Corporate Manslaughter and Corporate Homicide Act 2007

Writing Centers and Disability: Enabling Writers Through an Inclusive Philosophy

In its Position Statement on Disability and Writing Centers, the International Writing Centers Association (IWCA) recognizes and emphasizes the relationship between writing centers and disability and “encourages scholarship that explores the ways disability intersects with writing center work.” The IWCA further encourages writing centers to be inclusive to all writers by adopting “communication that takes into account various learning styles or ways of processing language.” We too, argue that writing centers should be welcoming environments for all writers and that they should engage with their writers as unique beings, making accessible to them the individuation of instruction and support. Writing centers should be spaces where the multiple barriers that students experience in their writing are addressed and a variety of options are provided.University Writing Cente

Business for the Glory of God

The grand narrative of the Bible could be broken into three distinct parts- Creation, Fall, and Redemption. The main focus of this paper will go through the distinct parts of Creation and the Fall, but the focus will be on Redemption specifically in the realm of work and how it relates to business marketing. In Creation, God created us in His image meaning we were gifted with the ability to create and to form relationships. We express God’s image through the dominion mandate, which is God’s command to us to be stewards of the earth through the act of work. After the Fall, work and business became distorted. Work, a thing created to glorify God, now had great potential to harm others. The Fall triggered humans to leverage their creativity and relationships, in business specifically, to manipulate others and to serve themselves rather than to serve God and others. Instead of perpetuating the effects of the Fall, business, specifically marketing, can be a catalyst for Redemption

Women's Financial Inclusion in Africa

The financial exclusion of women is a global problem with 'more than 1.3 billion women in the world operating outside the formal financial system' (Demirguc-Kunt, Klapper & Singer, 2013: 2). This situation is mirrored in Africa where more than 70 percent of women are financially excluded and where women's access to finance and financial services is consistently behind that of their male counterparts (MFW4A, GIZ & New Faces New Voices, 2012). Accelerating women's financial inclusion thus requires bold and sustained action to advance women's economic opportunities and rights and to ensure that they can meaningfully participate in the economy without undue constraints and barriers that limit their progress. This paper examines the persistent challenges women face in accessing finance and financial services, why gender-specific barriers exist and what they are, factors that will contribute to removing these barriers and why women require more innovative support from the financial sector to transcend these barriers and harness their full economic potential

Corporate manslaughter: new horizon or false dawn? Update: The Prosecution of Lion Steel

In Corporate Manslaughter: New Horizon of False Dawn? The author concluded with a somewhat melodramatic cliff-hanger as we awaited the trial of Lion Steel Equipment Ltd (‘LS’). In July 2012, Judge Gilbart QC, Honorary Recorder of Manchester, published his remarks on sentencing in the trial and, so, this paper becomes an essential sequel to the former, in which we analyse what progress, if any, can be said to have been achieved in the development of the current law in corporate accountability