Business research Paper Example | Topics and Well Written Essays - 1500 words

Business - Research Paper Example This strategy was a part of the nation’s attempt to maintain the targeted exchange rate value of its domestic currency against a basket of major and influential currencies in the world. Despite a few reports about illegal resource transfers across international premises, the Chinese managed to keep a major proportion of their total stock of financial resources with themselves through profound government intervention (Morrison, 2009). The hypothesis testing conducted in the previous section, in connection with the susceptibility of Chinese firms to impacts of the crisis, also found an insignificant effect of the same. In fact, the subtle truth is that, even though the Chinese experienced hardships on account of the financial distress, they were far better off than what the Western economies felt, where recession was declared officially. As far as statistics are concerned, the Bank of China, the largest nationalised commercial bank in the nation, was responsible for a total of $10.8 billion amount of investment in US owned mortgage-backed securities, nearly 3.5% of its total investment securities portfolio in 2006. Although this figure fell down to 1.4% by the end of 2008, yet, according to Fitch Ratings, this was the highest figure among all other Asian financial institutions (Chim, 2007). The investment into securities was a consequence of excessive stocking of US financial assets, which amounted to a sum of $2.13 trillion as on June 2009, in order to keep its exchange rate floating at the targeted level, compared to that of US dollars. The Chinese government considered it wiser to invest in US securities rather than holding such a huge quantity of money idle (Morrison & Labonte, 2009). The exposure of the Chinese economy to US financial securities however, was not limited to just mortgage backed securities; rathe r there were huge investments of Chinese renminbi on credit

Discussion 3 Assignment Example | Topics and Well Written Essays - 500 words - 1

Discussion 3 - Assignment Example I think one does not have to be a nutritionist to differentiate between starving and dieting. My uncle and I are very close, more like friends. He has done doctorate in comparative religions. Once, I fell ill. He came to see me. He said, â€Å"I am a doctor, doctors can cure illness in patients, so I can cure your illness.† I took it as a joke because it was meant to be one. It was a poor argument as it was not deductively valid. While it was true that he is a doctor, and that doctors can cure illness in patients, the conclusion that he could cure my illness was false as he was a doctor of comparative religions, not a medical doctor. My mother often says that every person has equal mind and intelligence and thus can score the highest in academics, but I find disagree with her saying that different people have different IQ levels. When I say so, she becomes emotional and says, â€Å"None of my children has a lower IQ level than any other. I know my children. They are all very brainy. Period.† I find this argument very poor as my brother is very weak in studies whereas my academic performance is much better than his. By saying that all her children are very brainy, my mother tries to make emotional appeal. Once I was on a weight-loss plan. I was following a particular diet pattern, which was based on balanced meals. I was taking both vegetables and meat with certain limits on both. My brother told me to leave consuming meat altogether and instead drink more of fresh juices. I disagreed because fresh juices contain a lot of natural sugars and drinking too much of them is not recommendable in a weight-loss plan, but my brother said, â€Å"Go ask anybody. He would recommend you to drink fresh juices to lose weight.† I know there is a lot of misconception about the effects of fresh juice consumption on weight. I find this argument poor as it is an example of ad populum. Drinking a lot of water is recommended