The purpose of this study is to apply the monetary approach to the determination of international reserve flows to major Arab oil-exporting countries. These are Iraq, Kuwait, Libya and Saudi Arabia. / Well-defined and stable demand for and supply of money functions must exist for the monetary approach to have predictive power for reserve flows. This study found that the demand for real balances in the designated countries was a stable function of real income and the rate of inflation. In examining the money supply process, the main determinants of the monetary base and hence the money supply proved to be net foreign assets and government expenditures. / This thesis extends the empirical analysis of international reserve flows by providing empirical tests of a two-area model for the small country case. Our empirical results supported the main propositions of the monetary approach to the balance of payments about the effect of the demand for and the supply of money on reserve flows. The growth in domestic price, domestic income and world money supply exerted a positive impact on the reserve flows, while the growth in world income, interest rates, money multiplier and domestic assets had negative impact. The results also supported the validity of the assumption concerning unified world goods markets.

<p>The aim of this research paper is to examine the legal framework for the recovery of corruptly-acquired assets, with particular emphasis on the Nigerian situation. Its primary focus is a detailed examination of the legal mechanisms for the recovery of such assets in the context of international asset recovery. Despite the success of the Nigerian government in recovering the Abacha loot,8 siphoning off of public funds by public office holders continues, and charges of fraud persist against top bank executives alleged to have converted depositors&rsquo / funds fraudulently. The prevailing criminal or conviction-based forfeiture mechanism in Nigeria appears inadequate to deal effectively with these situations. The need to enhance capacity through the adoption of civil or non-conviction based forfeiture laws therefore becomes imperative.</p>

This study examined how marital conflict and marital environment contribute to change in marital status over time; while controlling for gender and other demographic characteristics. The current study used all three waves, 1987-1988, 1992-1994, 2001-2002, of the nationally representative dataset National Survey of Families and Households (NSFH). Four longitudinal models were tested using path analysis and the Bayesian estimation technique. Findings indicate there is no effect of marital conflict on change in marital status when demographic and marital environment variables are in the model. Age has the strongest direct and indirect effects. An increase in number of times married consistently increases the chance of a change in marital status. Variables measuring the marital environment—with the exception of the effects of unfairness of chores and spending money in the male models—primarily, contribute direct and mediating effects on the two measures of marital conflict. Overall, when considering all models, the variable with the strongest direct and indirect effects, is age of the respondent. This finding indicates that the dominate influence on marital environment and marital conflict, and, ultimately, change in marital status, is that of age as a proxy for developmental change over the lifecycle.

Background: As a tactic of combating money laundering, auditors have been introduced asguardians and enforcers of the laws, due to their insight into company affairs. However, as shownby the Finance Police, it is rare that auditors report suspicions on money-laundering activities.That is, despite the obligations imposed on the profession, their share of total number or reportfiles each year a very small fraction. Aim: When investigating the infrequent reporting by auditors, it all boils down to a seemingexpectation gap. As such, the aim of this study has been to test that hypothesis, by conducting anattitude survey among Swedish auditors, as we believe the attitude towards the obligations tohave an impact on the tendency to report. Method: The perception of auditors on their role in combating money laundering and thehypothesized expectation gap between the audit profession and the state in its legislative capacitywas explore through the use of a questionnaire sent to 68 authorized or approved auditors withinthree different categories of firms; big-four firms, second tier firms and small local firms inStockholm and Uppsala. Conclusion: We cannot with certainty draw conclusion on whether the auditors’ perceivethemselves as having an obvious preventive role in the fight money laundering due to ambiguousanswers, but there seem to exist a somewhat opposed attitude toward the suggested duty to detectmoney laundering during audits. Nevertheless, traces of an expectation gap were found in thisstudy. However, with a sample size of 20 respondents, we cannot make generalizations withoutcareful consideration. As such, the findings of this study should be regarded as indicative ratherthan definitive.

Darbe nagrinėjama Panevėžio krašto pinigų cirkuliacija XVI – XVIII a. numizmatikos duomenimis. Tyrimo objektas yra monetos, atrastos Panevėžio krašto lobiuose ir senkapiuose. Tyrimo tikslui pasiekti išsikeltas uždavinys – iš surinktų monetų duomenų sudaryti kuo platesnę ir išsamesnę statistinę bazę. Remiantis sudaryta duomenų baze bandoma įvairiais aspektais apžvelgti aptariamajam kraštui būdingas apyvartines tendencijas. Darbo dėstyme pateikiamos monetų lobių ir senkapių radimvietės. Abiejų duomenų bazių turinys atskirai apžvelgiamas pagal nominalus, kaldinimo vietą ir devynis chronologinius etapus. Paskutiniame skyriuje lobių ir senkapių monetų duomenys koreliuojami. Taip bandoma pastebėti naujas apyvartines tendencijas, kurios neišryškėja duomenis tiriant atskirai. Tyrimo rezultatai rodo, kad pagal nominalą tiek lobiuose, tiek senkapiuose didžiausią kiekį monetų aptariamajame krašte sudaro šilingai. Pagal kaldinimo vietą daugiausia rasta Rygoje kaldintų monetų. Didžiausią jų dalį sudaro Zigmanto Vazos Rygos šilingai. Analizuojant duomenis pagal chronologinius etapus, pastebima, kad lobių monetų duomenys teikia išsamesnę informaciją nei senkapių. Dėl gausaus monetų kiekio ir jų įvairovės XVII a. pirmosios pusės ir XVIII a. pirmosios pusės etapų apyvartinės tendencijos gali būti vertinamos objektyviausiai ir išsamiausiai. / The study examines circulation of money in Panevėžys region from 16th – 18th c. based on numismatic data. Coins discovered in hoards and old burials are the object of this research. In order to achieve the aim of this study the following task was raised - to create a database as broad and informative as possible. On the basis of the received database, characteristic circulation tendencies of Panevėžys region were examined from various aspects. Money hoards’ and old burials’ original locations are presented to display sources of numismatic data. The contents of both databases are examined separately: firstly by denomination, then by minting place. After these sections numismatic databases are divided into nine chronological periods. In the last section, content of coins found in hoards and old burials was correlated. This was done to perceive new and unseen tendencies which could not have been unveiled by examining data separately. The results of the study show that in both, money hoards and old burials, shillings were the most common denomination in Panevėžys’ region. Hence, at that period shillings played the main role in Panevėžys’ region's money circulation. The biggest number of coins was minted in Riga from which the most were minted under the reign of Sigismund III Vasa. By analyzing the data which was divided into chronological periods, it can be seen that coins from hoards are able to provide comprehensive information while coins from old burials give more specific... [to full text]

Globally competitive industries need to keep up with the rigorous technical innovations to ensure that they reach their targets in terms of customer satisfaction. In order to do this, businesses need to ensure that they have the correct skills and capabilities in order to meet their demands. Organisations encounter difficulties as they constantly need to replace lost skills, and once these skills have been replaced, they need to spend additional money to train and equip new employees adequately to perform the jobs that they are employed to do. These days, many companies find themselves in financial turmoil which emerges from large turnover rates. There has been a severe exodus of skilled employees in the utility industry. During the past twelve months, this industry has lost 1 479 critical skills. Scarce skills are expensive to retain and it is important that employee well-being take top priority to keep up with changing labour demographics. This upkeep relates to huge emphasis being placed on customer satisfaction. In order to keep customers happy, companies first need to keep their employees happy. Efforts made by the organisation to improve situational circumstances for its employees, will promote positive individual and organisational outcomes. Two dimensions contribute greatly to a positive employment relationship which is conducive towards promoting positive individual and organisational outcomes, namely a fulfilled psychological contract and fairness in allocating monetary rewards. Money should not be used as a Band-Aid; not everything can be remedied with money. However, money is important, although it is not the most important factor. Fulfilment of the different dimensions of the psychological contract, including, but not limited to opportunities for personal growth and career advancement, and a management-supportive work environment are vital towards establishing and maintaining a positive employment relationship. The aim of the study was to investigate the role of psychological contract breach, job satisfaction and turnover intention in the utility industry and to determine the outcomes thereof. A mixed method approach was used to gather data. In the qualitative study, managers and staff (N = 15) were interviewed and a thematic content analysis was performed. In the second phase of the study, the quantitative part, questionnaires were distributed to employees (N = 251) across all levels of the organisation. The measuring instruments used were the Psychological Contract Inventory, Job Satisfaction Scale and Turnover Intention Scale. The results of Article 1 (Chapter 2) showed that a total of 60% of participants made reference to the importance of money. Emphasis was also placed on other aspects, where 53% of participants made mention of leadership being an important driver of job satisfaction. Other themes also regarded as important toward curbing skills loss were the importance of personal excellence and the need for effective communication as drivers of job satisfaction. Article 2 (Chapter 3) found that a fulfilled balanced psychological contract displayed a strong, positive relationship with job satisfaction and that job satisfaction had a negative impact on turnover intention. These findings support the negative impact of psychological contract breach on job satisfaction and, in relation to this, job dissatisfaction positively impacted turnover intention. It was further found that psychological contract breach of the balanced contract had an indirect positive impact on turnover intent via job satisfaction. Recommendations for future studies were made. / MCom (Labour Relations Management), North-West University, Vaal Triangle Campus, 2014

The main aim of this paper is to measure the underground economy of India and to review previous attempts to do the same. In this paper I provide estimates of the size of the hidden economy of India for the period 1971 - 2004. Analysis on previous attempts is done with a focus on the dynamic multiple indicators multiple causes (DYMIMC) and the currency demand methods. I estimate the size of the Indian economy using indicator and causal variables chosen by Schneider, Chaudhuri and Chatterjee in their paper, “The Size and Development of the Indian Shadow Economy and a Comparison with other 18 Asian Countries: An Empirical Investigation”.

This thesis covers the uncertainty of empirical prediction. As opposed to objectivity, I will discuss the practicality of statistics. Practicality defined as "useful" in an unbiased sense, in relation to something in the external world that we care about. We want our model of prediction to give us unbiased inference whilst also being able to speak about something we care about. For the reasons explained, the inherent uncertainty of statistics undermines the unbiased inference for many methods. Bayesian Statistics, by valuing hypotheses is more plausible but ultimately cannot arrive at an unbiased inference. I posit the value theory of money as a concept that might be able to allow us to derive unbiased inferences from while still being something we care about. However, money is of instrumental value, ultimately being worth less than an object of “transcendental value.” Which I define as something that is worth more than money since money’s purpose is to help us achieve “transcendental value” under the value theory. Ultimately, as long as an individual has faith in a given hypothesis it will be worth more than any hypothesis valued with money. From there we undermine statistic’s practicality as it seems as though without the concept of money we have no manner of valuing hypotheses unbiasedly, and uncertainty undermines the “objective” inferences we might have been able to make.

Bakgrund: Penningtvätt har under de senaste åren ökat och fått mycket uppmärksamhet. Nya lagar och regleringar med syfte att förebygga och bekämpa penningtvätt har tagits fram. För att uppnå målen har ett flertal organisationer skapats på nationell och international nivå. Flera tillsynsmyndigheter har fått uppdraget att medverka i bekämpning av penningtvätt. Syfte: Syftet med studien är att undersöka revisorns förhållnings- sätt till lagen om penningtvätt. Studien syftar även till att redogöra för revisorns ansvar gentemot penningtvättslagen samt framhålla vad begreppet kundkännedom innebär för revisorn i förhållande till lagen. Metod: För att uppnå studiens syfte har denna undersökning använt sig av den kvalitativa metoden. Intervjuformen som tillämpas är semi-strukturerad och studiens urval är ett icke-sannolikhetsurval. Undersökningens oberoende variabler är penningtvättslagen, revisorns ansvar och kundkännedom. Resultat: Studien visar att penningtvättslagen inte i någon större uträckning påverkat revisorns förhållningssätt. Gällande revisorns ansvar i förhållande till lagen anses lagen tämligen verkningslös ur ett brottsbekämpande perspektiv men kan ha positiv verkan ur ett brottsförebyggande syfte. Slutligen visar studien att ett effektivt sätt att motverka penningtvätt är att ha en god relation till klienten. / Background: Money laundering has increased particularly in recent years and received much attention. New laws and regulations with the aim of preventing and combating money laundering have been introduced. To prevent and fight money laundering organizations have been created on international levels. On national levels different official regulators have received assignments to participate against money laundering. Purpose: The purpose of this study is to examine the auditors' approach to the law of money laundering. The study will also explain the auditor's liability to the anti money laundering act and emphasize what the concept of customer due diligence means for the auditor in relation to the law. Method: In order to achieve the purpose of the study this survey uses the qualitative method. The interview shape applied is semi-structured with a non-probability selection. The independent variables of the study are the laundering act, the auditors' responsibility and costumer due diligence. Conclusion: The study shows that the money laundering act not has affected the auditors' approach to any greater extent. Regarding the auditors' responsibility the law is considerable ineffective from a law enforcement perspective but can deliver positive results from a law enforcement purposes. Finally, the study shows that an effective way to prevent money laundering is to have a good relationship with the client.

People are living longer and this increases the risk of encountering financial difficulties when trying to make fixed retirement incomes stretch over additional years. Increased life expectancies also increase the likelihood of encountering a health issue including cognitive or functional declines that can affect money management capabilities. There are government entitlement programs available to assist retired Canadians but these programs are under review and new policies are being considered in order to reduce fiscal pressures. At the same time, family roles and structures are changing and informal supports available to previous generations may be reduced. As well, if an older person’s money is poorly managed there will be fewer options for maintaining quality of life in the retirement years. This increases the risk of poverty for older Canadians. The goals of this research are to: understand individual risk factors including demographic, clinical and social support characteristics among Canadians age 55 and over who are experiencing poverty; to understand the predictive characteristics for moving into or exiting from poverty; and, to develop a comprehensive description of those who have great difficulty managing their finances. In order to achieve this, data from the interRAI Home Care (RAI-HC) assessment instrument were used. Three regions, Winnipeg Regional Health Authority (WRHA), Nova Scotia and Ontario, were analyzed in order to understand the characteristics of those making economic trade-offs (N=345,678). Data from the province of Ontario was used to understand predictors of poverty transitions (N=47,653) and to develop a profile of those having great difficulty managing their finances (N=321,816). In order to answer each question of interest multivariable logistic regression modeling was used. Results from the analyses found that those most at risk for making economic trade-offs were in the age 55 to 64 group, had three or more depressive symptoms and were separated or divorced. Gender was not a risk factor. Regional differences for poverty risks were also identified showing greater risks for those experiencing mental health issues in WHRA, for those with more clinical indicators in Ontario, and for younger residents (age 55 to 64) in Nova Scotia. The longitudinal analyses on poverty transitions revealed that females who had completed at least a grade eight education were more likely to exit poverty. The younger group (age 55 to 64 years) with three or more depressive symptoms and experiencing unstable health were more likely to enter poverty. Marriage and older age were protective from the risks of entering poverty. Results from the analyses of those likely to have great difficulty with financial management indicated that deficits in cognition, procedural memory and function increased the risk of being unable to manage personal finances. Gender and marital status were not associated with financial management difficulty. The development of a profile of those who are making economic trade-offs and those at risk of having difficulty with financial management provides the opportunity for early intervention. Those who have not reached the traditional retirement age of 65 have an increased risk of poverty. Understanding characteristics of those who exit poverty will help establish policies and programs that will assist older Canadians. These are important issues due to the increased number of post-employment years that Canadians are living and the national focus on fiscal restraints. The management of finances has received minimal scientific research and evidence is needed to understand when changes in capability occur and how these changes may be supported by appropriate levels of assistance and supportive devices.