MODIS: A Market-Oriented Deposit Insurance Scheme

This paper argues that an optimal deposit insurance scheme would allow the level of insurance coverage to be determined by the market. Based on this principle, the paper proposes an insurance scheme that minimizes distortions and embodies fairness and credibility, two essential characteristics of a viable and effective deposit insurance scheme. Using a simple model for the determination of the optimal level of insurance coverage, it is shown that the optimal coverage is higher for developing compared to developed countries; a condition that is broadly satisfied by prevailing deposit insurance practices around the world.Deposit Insurance; Market-Oriented Approach

A Reading of Joseph Conrad's The Tale

The Tale is a short story by Joseph Conrad. Typical of a Conrad story it is set at sea. The sea is symbolic of the unconscious and this story may be read as a story of the unconscious. On the outside, it seems simple; a man tells a woman a tale of the commanding officer of a patrol ship who gives false directions to another ship and sends it to its doom. In between the lines of the seemingly simple plot, however, can be read another tale; one which speaks of a human sea deeper than the sea of water; deeper, darker, and infinitely more mysterious. Man has navigated the sea of water but the unfathomed sea of his own being remains, for the most part, undiscovered. This is a sea different from the sea of this world and Conrad sets sail on it by telling a tale from another world. Sailing with Conrad, the reader can look out on the infinite vastness and try to form a picture of the infinite depth of a sea which is not visible to the human eye

A Reading of Flannery O’Connors “Everything that Rises Must Converge”

Everything that rises must converge is a short story which, without the aid of suspense that is often provoked in fiction by actions hanging on a bare thread in a whirling plot of intertwining – and perhaps incredible – events, catches the reader‟s attention until the very last word. The plot of the story could not be any simpler; a young bachelor takes his overweight mother by bus to a „reducing class‟ but before they reach the place the mother changes her mind, heads back home, has a stroke and is left by her helpless son dying or maybe dead as he goes to seek help. But parallel to the plot of events is a “plot" of revelation; as the insignificantly banal happenings take place, an unfolding of character slowly emerges before the reader‟s eyes

Images of the Female Countenance in Renaissance Literature

In her article "The politics of gender" Elaine Hobby gives a clear image of the confusion evoked in modern mentality by the juxtaposition of Renaissance literature and history. The romantic scenes portrayed in the wonderland of Renaissance poetry seem uncompromisable with the bare facts of historical record. As we contemplate the shadows obscuring the male permeated poetic language of the age however, we do discern spots of light illuminating the overall picture. The age has its own logic and its own language and although neither may be wholly appealing to the modern palate, both are, within their own historical framework, unequivocal and self-consciously assertive

Deconstructing Assumptions in A Jury of Her Peers

A Jury of Her Peers is truly a small masterpiece. Set in limited rural community, it reaches far back to eons of lost history. From the vivid dramatic scenes and from the heart of a feminine reticence embedded in them, it seems that a desperate cry against injustice toward women echoes. The Minnie Foster who we never meet has an imposing spiritual presence from start to end. Her pitiful silence seems to lament the dark shadow of cruelty and suffering which has overwhelmed of the life of despondent women throughout history. Following her final, desperate attempt to defend herself from being wholly crushed she is subdued by a burden heavier than that from which she had tried to escape. From the rough unsympathetic hands of a husband she is put under the glaring stare of cold uncaring law. What becomes of her remains unknown, just as the lament of her pitiful cry for justice remains unfulfilled