ISLAMIC FINANCE AND THE INSTITUTE FOR INTERNATIONAL MONETARY AFFAIRS JAPAN
September 18, 2010 at 9:17 pm | Posted in Books, Economics, Financial, Globalization, Islam, Japan, Research, World-system | Leave a comment
Institute for International Monetary Affairs (IIMA)
Institute for International Monetary Affairs
12F The Bank of Tokyo-
Mitsubishi UFJ, Ltd.
Nihombashi Annex,
3-2 Nihombashi Hongokucho
1-Chome, Chuo-ku, Tokyo
103-0021
The Institute for International Monetary Affairs (IIMA) was established on December 1, 1995, with a basic capital contribution of \2 billion by the Bank of Tokyo (currently The Bank of Tokyo-Mitsubishi UFJ). The purpose for setting up this institute was, on the occasion of the merger of the Bank of Tokyo with the Mitsubishi Bank into a newly born mega bank, to pass on the extensive knowledge and experience in international finance and currencies accumulated since the days of its predecessor, the Yokohama Specie Bank, and to make them available to the public.
President: Toyoo Gyohten
Born in 1931
Mar. 1955 Graduated from the University of Tokyo
Apr. 1955 Joined the Ministry of Finance
Jun. 1986 Vice-Minister of Finance for International Affairs
Jun. 1992 Chairman of The Bank of Tokyo, Ltd.
Dec. 1995～present President of the Institute for International Monetary Affairs.
Apr. 1996 Senior Advisor of The Bank of Tokyo-Mitsubishi, Ltd. Jan. 2006～present Senior Advisor of The Bank of Tokyo-Mitsubishi UFJ, Ltd.
2010
| Newsletter No.27, 2010/8/25 |
| Post Crisis World Economy: While financial market turmoil in Europe has calmed, concerns remain for a further economic downturn Yoshihiro Watanabe, Managing Director and Ayako Yamaguchi, Lead Economist, IIMA（97KB） |
| Newsletter No.14, 2010/5/28 |
| What Comes Next? Toyoo Gyohten, President, IIMA (126KB) |
| Newsletter No.13, 2010/5/18 |
| Suggestions for the Internationalization and Stability of the Renminbi Tetsuji Murase, Professor, Department of Economics, Ryukoku University・Councilor, IIMA (163KB) |
| Newsletter No.12, 2010/5/19 |
| Post Crisis World Economy: Rebalancing of Economic Growth Yoshihiro Watanabe, Managing Director and Ayako Yamaguchi, Lead Economist, IIMA(173KB) |
| Newsletter No.3, 2010/2/12 |
| Post Crisis World Economy: Global Rebalancing Yoshihiro Watanabe, Managing Director and Ayako Yamaguchi, Lead Economist, IIMA (223KB) |
| Newsletter No.2, 2010/2/12 |
| The First 150 days under the DPJ Administration ～Can Japan be reformed ?～ Yoshihiro Watanabe, Managing Director and Ayako Yamaguchi, Lead Economist, IIMA (143KB) |
Books:
“Middle East Money and Islamic Finance”(Japanese)
Hideki Nukaya
Doyukan
Published on April, 2008
“Islamic Finance which hails around the world”(Japanese)
Hideki Nukaya
Kanki Publishing
Published on December 3, 2007
Comment:
Toyoo Gyohten of the IIMA co-authored “Changing Fortunes” with Paul Volcker.
“CLIMATE WARS”: GWYNNE DYER BOOK
September 18, 2010 at 9:30 am | Posted in Books, Earth, Ecology, Economics, Research, Science & Technology | Leave a comment
Climate Wars
Gwynne Dyer (Author)
Editorial Reviews
From Publishers Weekly
Civil war in China and the collapse of the European Union by 2045; nuclear strikes between India and Pakistan in 2036; people being blown up by land mines and machine-gunned by automatic weapons at a sealed U.S./Mexican border in 2029—these are just some of the terrifying climate change scenarios forecast by journalist and geopolitical analyst Dyer (The Mess They Made).
His apocalyptic predictions are drawn from unimpeachable sources: climate experts like NASA scientist James Hanson and Angela Merkel’s climate change adviser, Dr. Hans-Joachim Schellnhuber of the Potsdam Institute for Climate Impact Research; military and political sources including former CIA head James Woolsey.
Even Dyer’s most optimistic scenario is barely cause for celebration: humanity manages to curb global warming enough to save itself, but only after several million deaths and countless disasters. The multitude of sources and the political perspective on global warming make the book scarier and more convincing than the usual predictions limited to climate and weather. Environmentalists will likely be horrified and even more depressed than they are already, but we can hope that Dyer’s sources are impressive enough to convince policy makers to take serious action. (June)
Review
“Terrifying is just one of the words to leap off the page.” –Bookseller
“Gwynne Dyer is one of the few who are both courageous enough to tell the unvarnished truth, and have the background to understand, not misrepresent the inputs. This book does a superb job of detailing the emerging realities of Climate/Energy. These realities are not pretty.” –Dennis Bushnell, Chief Scientist at NASA
“This is a truly important and timely book. Gwynne Dyer has made the best and most plausible set of guesses I have yet seen about the human consequences of climate change, of how drought and heat may ignite wars, even nuclear wars, around the globe.” –James Lovelock, award-winning scientist, inventor, and originator of the “Gaia” hypothesis
“The current debate on climate change is mostly on its future effects, but few are brave enough to work out what they might be. Here is a lively, alarming and even entertaining attempt to look ahead. Water and war have always been associated. We need hope as well as good sense in looking at the future. Here it is.” –Sir Crispin Tickell, former Chairman of both the Board of the Climate Institute of Washington DC and the International Institute for Environment and Development
“Anyone still complacent about climate change will find Climate Wars instructive and disturbing. These articulate insights into climate geopolitics by Gwynne Dyer are an important tool for understanding why the climate challenge is big, hard, and vital to human survival — yet soluble if we pay attention now.” –Amory B. Lovins, Time magazine’s Hero of the Environment, author of Capitalism as if the World Matters, and Chairman & Chief Scientist, Rocky Mountain Institute
“Climate Wars: The Fight for Survival as the World Overheats has been called ‘a truly important and timely book,’ but I’d go further. I’ll say this may be the most important book you’ll read this year.” –Mickey Z, planet green
“[Dyer] eloquently explores the `grim detail’ of how governments will grapple with a challenge unprecedented since before there were governments. You won’t find this stuff in any IPCC report… It makes for a good read.” — New Scientist
“Frightening yet essential reading.” — Library Journal
“ ‘Climate Wars: The Fight for Survival as the World Overheats’ has been called ‘a truly important and timely book, but I’d go further. I’ll say this may be the most important book you’ll read this year.” — Mickey Z on Planet Green
Product Details:
· Paperback: 256 pages
· Publisher: Scribe Publications
· January 2008
· Language: English
· ISBN-10: 1921372222
· ISBN-13: 978-1921372223
Climate Wars
Gwynne Dyer (Author)
REBALANCING GLOBAL GROWTH: “BRIDGES MONTHLY”
September 17, 2010 at 1:13 am | Posted in Development, Economics, Financial, Globalization, Research | Leave a comment
Bridges Monthly
Monthly information, analysis and views on trade and
sustainable development
Vol. 14 No. 3 | Rebalancing Global Growth
Bridges Bridges@mail.vresp.com
Thu 16 Sep 2010
Volume 14, Number 3, Summer 2010
To access a full-text PDF copy of Bridges Monthly, click here.
Rebalancing Global Growth
Beyond Doha Round technicalities, the broader economic debate is focused on ‘rebalancing’ trade, access to resources and stabilising food prices.
Yuan Revaluation Will Not Deliver All Its Supporters Hope
by Trineesh Biswas
Given the economic circumstances worldwide, it is hardly surprising that the exchange rate of China’s currency has been the subject of a renewed wave of international attention. But even a considerable revaluation of the yuan is unlikely to right global trade imbalances.
Waiting for Better Alignment of Political Constellations
Recent ministerial and senior-level gatherings have made no headway in charting a way forward for the Doha Round, and entrenched divisions were again on display at the WTO’s Trade Negotiations Committee meeting in June.
No Sparks in NAMA Negotiations
The reports prepared for the end of March stock-taking by the chairs of the main negotiating groups paint a bleak picture. On the three central pillars of the Doha Round – agriculture, industrial market access and services – delegates have spent countless hours on technical work, while the issues that really divide the membership have only been addressed in informal consultations that have yielded no tangible results.
Agriculture Update
The negotiating group on agriculture wrapped up a lacklustre year in early July with little evidence of progress.
Members Differ on Approach to Fisheries Subsidies
In early May, WTO delegates gave a mixed welcome to proposed exemptions for developing countries from new disciplines on subsidies that contribute to an over-sized fishing effort and an alarming decline in fish stocks around the world.
TRIPS Council Hears Concerns over IPR Enforcement Trends
In June, the Council for Trade-related Aspects of Intellectual Property Rights addressed a number of contentious issues, including access to medicines and the enforcement of intellectual property rights, as well as a proposal to prohibit patents on biological resources.
EU Challenged on Generics Seizures
After months of speculation, Brazil and India have launched a WTO dispute against the EU and the Netherlands over the seizure of generic drugs in transit.
Last-minute Deal Provides a Breather in Cotton Saga
Just two days before trade sanctions were to be imposed in the cotton dispute, Brazil and the United States reached a compromise agreement, which may finally yield the subsidy reforms that Brasilia has been seeking from Washington for nearly a decade.
Disputes in Brief
Apparently eager to defuse trade tensions, the EU and the US on 8 September requested the suspension of a WTO arbitration that was to determine the level of retaliation the EU should be allowed impose on imports from the United States in compensation for inflated anti-dumping duties resulting from zeroing.
Potential Impacts of Reforms in the World Cotton Market
by Má rio Jales
The Doha Round could have a significant positive impact on world cotton prices, as well as production and exports in developing countries. However, the likelihood of such an outcome is highly dependent on the depth of the product-specific domestic support caps adopted by WTO members.
Fighting Counterfeits without Endangering Public Health
by Christa Cepuch
What is a counterfeit medicine? The answer depends on who responds. To an English-speaking lay-person, it generally means ‘fake’ or ‘a pill made of chalk’. To the World Trade Organisation, it means a ‘trademark infringement’.
Intellectual Property and Public Health in the EU-CAN FTA
The relationship between the protection of public health and intellectual property rights (IPRs) was among the most delicate topics in the free trade negotiations recently concluded between the EU, Colombia and Peru. This article analyses the outcome from the public health angle.
EU Strengthens Trade Ties with Latin America
The EU has concluded a free trade agreement with six Central American countries, with both sides expressing satisfaction over an ‘ambitious, comprehensive and balanced outcome’. In contrast, the revival of talks with agricultural powerhouse Mercosur, has angered many EU politicians.
Pressure Grows for US to Act on FTAS
President Obama is increasingly under pressure to act on the unratified free trade agreements the Bush administration negotiated with South Korea, Panama and Colombia.
China Relaxes Innovation Standard
After months of outcry from technology exporters, the Chinese government is proposing to scale down the most draconian IP requirements for ‘indigenous innovation’ products.
China’s Indigenous Innovation and Government Procurement
by Jingxia Shi
China has promoted indigenous innovation through an array of plans and measures in recent years. However, the moves, and particularly the newly launched national indigenous product accreditation system, have caused widespread concern about trade protectionism among foreign firms.
Is Hunger in the World on the Rise?
by Peter Svedberg
In its latest report on food insecurity, the FAO asserted that 915 million people were undernourished in 2008, and the figure is estimated to rise to 1.02 billion in 2009. The alarming numbers raise the twin questions of how the estimates are derived and how reliable they are.
Price Volatility Rattles Farmers
Even when the price of rice doubled and trebled in international markets, growers in the Philippines barely felt the tidal wave of money sweeping into the commodity.
Bridges Monthly© is published by the International Centre for Trade and Sustainable Development (ICTSD).
Director: Ricardo Meléndez-Ortiz
Editor: Anja Halle
The opinions expressed in signed contributions to Bridges are the authors’ and do not necessarily reflect the views of ICTSD.
Manuscripts offered for publication are expected to respect good journalistic practice and be compatible with ICTSD’s mission. Guidelines for contributors are available on request, as well as on ICTSD’s website. Material from BRIDGES can be used in other publications with full academic citation.
Bridges Monthly
Monthly information, analysis and views on trade and
sustainable development
Vol. 14 No. 3 | Rebalancing Global Growth
Bridges Bridges@mail.vresp.com
Thu 16 Sep 2010
EUROPEAN CLIMATE COMMISSIONER’S TALK SEPTEMBER 20 2010
September 17, 2010 at 12:41 am | Posted in Earth, Ecology, Globalization, Research, Science & Technology | Leave a comment
Harvard Project and Consortium invite you to:
European Climate Commissioner’s Talk
Monday Sept. 20 (please RSVP)
Lund, Louisa Louisa_Lund@harvard.edu
Thu 16 Sep
The Harvard Project on International Climate Agreements
And The Consortium for Energy Policy Research
invite you to attend an Energy Policy Distinguished Speaker Lunch with
Connie Hedegaard
European Commissioner for Climate Action on Europe’s View on
International Climate Policy
RSVP to Trudi_Bostian@hks.harvard.edu
Connie Hedegaard was appointed in February 2010 as the first European Commissioner for Climate Action. Previously, she was the Danish Minister for Climate and Energy, in which position she hosted the U.N. Climate Change Conference in Copenhagen in 2009.
Monday September 20 2010
Luncheon Talk with Q&A – 12:00 – 1:30pm
Nye ABC 5th Floor Taubman Building
Harvard Kennedy School
Harvard Project and Consortium invite you to
European Climate Commissioner’s Talk
Connie Hedegaard was appointed in February 2010 as the first European Commissioner for Climate Action. Previously, she was the Danish Minister for Climate and Energy, in which position she hosted the U.N. Climate Change Conference in Copenhagen in 2009.
Monday Sept. 20 (please RSVP)
Lund, Louisa Louisa_Lund@harvard.edu
Thu 16 Sep
POTSDAM INSTITUTE FOR CLIMATE IMPACT RESEARCH
September 16, 2010 at 9:32 pm | Posted in Earth, Ecology, Economics, Financial, Research | Leave a comment
Director
Professor Hans Joachim Schellnhuber CBE
Professor Hans Joachim Schellnhuber CBE
Potsdam Institute for Climate Impact Research (PIK)
P.O. Box 60 12 03
14412 Potsdam
Germany
Phone: +49 (331) 288 2502
Fax: +49 (331) 288 2510
E-mail: director@pik-potsdam.de
Short Biography
(Status: May 2010)
Born in 1950 in Ortenburg (Germany). Training in physics and mathematics with a scholarship for the exceptionally gifted at Regensburg University. Doctorate in Theoretical Physics in 1980. Various periods of research abroad, in particular at several institutions of the University of California system (USA). Habilitation (German qualification for professorial status) in 1985, then Heisenberg Fellowship. 1989 Full Professor at the Interdisciplinary Centre for Marine and Environmental Sciences (ICBM) of Oldenburg University, later Director of the ICBM.
1991 Founding Director of the Potsdam Institute for Climate Impact Research (PIK); since 1993 Director of PIK and Professor for Theoretical Physics at Potsdam University. 2001-2005 additional engagement as Research Director of the Tyndall Centre for Climate Change Research and Professor at the Environmental Sciences School of the University of East Anglia in Norwich (UK). From 2005 – 2009 Visiting Professor in Physics and Visiting Fellow of Christ Church College at Oxford University as well as Distinguished Science Advisor for the Tyndall Centre. Since 2010 External Professor at the Santa Fe Institute.
2002 Royal Society Wolfson Research Merit Award; 2004 CBE (Commander of the Order of the British Empire) awarded by Queen Elizabeth II; 2007 German Environment Prize; 2008 Order of Merit (“Roter Adlerorden”) of the State of Brandenburg; 2009 “Ambassador of Science” of the State of Brandenburg. Elected Member of the Max Planck Society, the German National Academy (Leopoldina), the US National Academy of Sciences, the Leibniz-Sozietät, the Geological Society of London, and the International Research Society Sigma Xi. Ambassador for the International Geosphere-Biosphere Programme (IGBP). Longstanding Member of the Intergovernmental Panel on Climate Change (IPCC) who was awarded the Peace Nobel Prize in 2007.
Active service on numerous national and international panels for scientific strategies and policy advice on environment & development matters. Selected previous and current engagements: Chair of the German Advisory Council on Global Change (WBGU); Chair of the Global Change Advisory Group for the 6th Framework Programme of the European Commission, Member of the corresponding panel for FP7; Member of the Committee on Scientific Planning and Review of the International Council for Science (ICSU); Member of the Environment Steering Panel of the European Academies Science Advisory Council (EASAC); Member of the WEF Global Agenda Council on Climate Change; Member of the Grantham Research Institute Advisory Board.
Chief Government Advisor on Climate & Related Issues for the German G8-EU twin presidency in 2007; Member of the High-Level Expert Group on Energy & Climate Change advising J.M. Barroso, President of the European Commission.
Member of the Editorial Boards of the scientific journals “Proceedings of the National Academy of Sciences”, “Climatic Change”, “Climate Policy”, “Gaia”, “Integrated Assessment”, “Systems Analysis, Modelling, Simulation” and “Europe’s World”.
About 210 articles and more than 40 books in the fields of condensed matter physics, complex systems dynamics, climate change research, Earth System analysis, and sustainability science.
Contact:
Professor Hans Joachim Schellnhuber CBE
Potsdam Institute for Climate Impact Research (PIK)
P.O. Box 60 12 03
14412 Potsdam
Germany
Phone: +49 (331) 288 2502
Fax: +49 (331) 288 2510
E-mail: director@pik-potsdam.de
BANK FOR INTERNATIONAL SETTLEMENTS “BIS REVIEW NO. 116”: INTERNATIONAL MONETARY SYSTEM
September 16, 2010 at 9:54 am | Posted in Economics, Financial, Globalization, Research | Leave a comment
BIS Review
Bank for International Settlements
BIS Review No 116 available
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
Thu 9/16/10
Please find BIS Review No 116 attached as an Adobe Acrobat (PDF) file. Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.
What’s included?
BIS Review No 116 (16 September 2010)
Mark Carney: Restoring faith in the international monetary system
Kwesi Bekoe Amissah-Arthur: Inauguration of the Board of Directors of the Central Securities Depository Ghana Limited
Kiyohiko G Nishimura: Maintaining stability and enhancing accessibility of financial markets – Japanese financial market infrastructure in the past and the future
Shyamala Gopinath: Macroprudential approach to regulation – scope and issues
Inia Naiyaga: Increasing activity in the capital markets
e-mail press@bis.org
BIS Review
Bank for International Settlements
BIS Review No 116 available
http://www.bis.org/review/index.htm
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
Thu 9/16/10
ASIA NEWS: BUSINESS AND FINANCIAL
September 16, 2010 at 9:33 am | Posted in Asia, Economics, Financial, Research, World-system | Leave a comment
The Trade Asia News editor@thetradenews.com
Chi-X Asia-Pac CEO leaves; Liquidity pool links; Japanese remote access
“Weekly News Alert”
The TRADE Ltd. 2010
Thu 16 Sep 2010
Growing fragmentation of liquidity and an increasing sophistication of trading strategies deployed in Asia are giving rise to a new generation of automated trading platforms, according to Alex Lamb, executive board member at trading technology provider RTS Realtime Systems Group.
Global:
EC proposes increased transparency for derivatives, short selling
Pipeline reports record US trade size, gears up for full European launch
FINRA dishes out penalty for algorithmic abuse
Thomson Reuters launches tool for “new era” of financial information
Fidessa fragmentation analysis tools go global
SEC expands circuit breaker scheme
Asia:
Newedge predicts influx of foreign trading members in Japan
Instinet and Tora link liquidity pools in Japan
JonesTrading lays out Asian expansion plans
Singapore Exchange to start trading ADRs
The Trade Asia News editor@thetradenews.com
Chi-X Asia-Pac CEO leaves; Liquidity pool links; Japanese remote access
“Weekly News Alert”
The TRADE Ltd. 2010
Thu 16 Sep 2010
“STRATEGIC ASIA 2010-11”
September 15, 2010 at 11:25 pm | Posted in Asia, Books, Economics, Financial, Globalization, Military, Research, World-system | Leave a comment
THE NATIONAL BUREAU of ASIAN RESEARCH
The National Bureau of Asian Research (nbr@nbr.org)
Wed 9/15/10
New Publication Release
STRATEGIC ASIA 2010-11
Asia’s Rising Power and America’s Continued Purpose
Ashley J. Tellis, Andrew Marble, and Travis Tanner, eds.
| The tenth anniversary volume in the annual, edited Strategic Asia series takes stock of where the Strategic Asia region stands a decade after the first volume in the series was published in 2001.
Strategic Asia 2010-11: Asia’s Rising Power and America’s Continued Purpose Purchase the PDF format or order the book now. Download the Strategic Asia 2010-11 Executive Brief. Click on the titles listed below to read each Executive Summary. OVERVIEW Strategic Asia: Continuing Success with Continuing Risks CHAPTERS The Geopolitics of Strategic Asia, 2000-2020 Asia and the World Economy in 2030: Growth, Integration, and Governance Military Modernization in the Asia-Pacific: Assessing New Capabilities The Rise of Energy and Resource Nationalism in Asia The Implications of Expanded Nuclear Energy in Asia Asia’s Security and the Contested Global Commons Climate Change and Environmental Impact Asia-Pacific Demographics in 2010-2040: Implications for Strategic Balance Politico-Economic and Radical Islamic Challenges to Democracy Visit NBR’s Website: www.nbr.org |
Strategic Asia Book Launch Event
Featuring a keynote presentation by:
Kurt M. Campbell
Assistant Secretary of State for East Asian and Pacific Affairs
Sept. 29, 2010
9:00-11:30 a.m.
Please join us for a book launch marking the release of the Strategic Asia 2010-11 volume at Johns Hopkins University-SAIS, Kenney Auditorium, on September 29.
Select contributors to the volume will present key research findings that provide a continent-wide net assessment of the core trends and issues affecting the region.
RSVP by Friday, September 24. Space is limited. For further information, contact Melissa Colonno.
Strategic Asia Program
The Strategic Asia Program produces annual studies intended to contribute toward more effective U.S. policy, and is equally concerned with creating a scholarly product of enduring value.
Previous volumes in the Strategic Asia series have become standing reference works in the policy, governmental, intelligence, and academic communities.
THE NATIONAL BUREAU of ASIAN RESEARCH
The National Bureau of Asian Research (nbr@nbr.org)
Wed 9/15/10
REPORT: “STRENGTHENING REPO CLEARING AND SETTLEMENT ARRANGEMENTS”
September 15, 2010 at 12:40 pm | Posted in Economics, Financial, Globalization, Research | Leave a comment
Press release:
Central bankers identify options for strengthening repo
clearing and settlement arrangements
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
Wed 9/15/10
In a report published today by the Committee on Payment and Settlement Systems (CPSS), central bankers highlight issues related to the clearing and settlement infrastructure for repos that have the potential to affect the resilience of repo markets, and recommend that stakeholders in each market review options to further strengthen the repo clearing and settlement infrastructure.
The report, Strengthening repo clearing and settlement arrangements, first presents a comprehensive survey of the clearing and settlement arrangements for repos in selected CPSS member countries. In particular, it sheds light on the experience with these arrangements during the financial crisis. The analysis shows that repo clearing and settlement arrangements vary considerably across countries and markets.
Second, the report identifies several issues related to clearing and settlement arrangements for repos that have the potential to affect the resilience of repo markets (eg the risks related to the extension of significant amounts of intraday credits within some repo settlement arrangements; the lack of transparency of some repo infrastructure roles, responsibilities, practices and procedures; concerns regarding the protection against counterparty credit risk in repo transactions; and inadequate capabilities for liquidating repo collateral in the event of a cash borrower’s default). Due to the substantial variety in repo clearing and settlement arrangements, the identified issues are not relevant to the same extent in each market. Finally, the report outlines options and measures through which these issues can be addressed.
The report concludes that it is worthwhile for the stakeholders in each market to review how the clearing and settlement arrangements for repos could be further strengthened. As a first step, the report suggests that the providers of such arrangements in each country should, jointly with market participants, regulators and the central bank, attempt to develop a common view on the relevance of the identified issues for their market. As a second step, each provider could then evaluate which measure or combination of measures would be best suited to address the relevant issues in its specific circumstances.
Notes to editors
The report Strengthening repo clearing and settlement arrangements has been prepared for the CPSS by a working group consisting of representatives of central banks that are CPSS members plus the Central Bank of Luxembourg and the ECB. The working group was chaired by Andy Sturm of the Swiss National Bank. Based on experiences from the recent financial crisis, the working group was commissioned by the CPSS to investigate the extent to which the clearing and settlement arrangements for repos – ie the practices, procedures and systems used for clearing and settling repos and liquidating a defaulting cash borrower’s collateral – contributed to the instability evident in some repo markets, and whether there is room for improvement.
The CPSS serves as a forum for central banks to monitor and analyse developments in payment and settlement arrangements and to consider related policy issues. The chairman of the CPSS is William C Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York. The CPSS secretariat is hosted by the BIS. More information about the CPSS, and all its publications, can be found on the BIS website at www.bis.org/cpss/index.htm.
Communications,
Bank for International Settlements
E-mail: press@bis.org
Website: www.bis.org
Phone: +41 61 280 8188
Bank for International Settlements (BIS)
Press release:
Central bankers identify options for strengthening repo clearing and settlement
arrangements
Press, Service (press@bis.org)
Publications, Service (Publications@bis.org)
Wed 9/15/10
“THE GODFATHER” MOVIE AND TELEPHONES: “THE TELEPHONE AND ITS SEVERAL INVENTORS: A HISTORY” BOOK
September 14, 2010 at 9:45 pm | Posted in Books, History, Research, Science & Technology | Leave a comment
Telephone and Its Several Inventors: A History
Lewis Coe (Author)
Editorial Reviews
Review
“History buffs will find the book of interest. All levels” –Choice
“Labor of love…exceptionally well-researched…fine balance of technical and…historical information…grips the reader’s interest.” –Inventor’s Digest
“Excellent.” –Dots and Dashes
Product Description
On March 7, 1876, the U.S. Patent Office issued to a young inventor named Alexander Graham Bell what is arguably the most valuable patent ever: entitled “improvements in telegraphy,” in truth it secured for Bell the basic principles involved in a telephone. On the same day that Bell filed his patent application, a caveat (a preliminary patent document) was filed by Elisha Gray. This coincidence sparked the first of many debates over whether Bell was the true inventor of the telephone. In the early 1860s Johann Phillipp Reis developed a version of the instrument, but his claims against Bell were hampered by the bungling of his lawyers in demonstrating his instrument in court. This work is a first look at the many men who developed the telephone and an examination of their claims against Bell’s patent. A lay description of the phone is also provided, as well as a history of the development of the telephone system
Product Details:
· Paperback: 240 pages
· Publisher: McFarland & Company, Inc., Publishers
· January 17, 2006
· Language: English
· ISBN-10: 0786426098
Telephone and Its Several Inventors: A History
Lewis Coe (Author)
Comment: In the “Godfather,” “Joey Zasa” played by Joe Mantegna, presents “Michael Corleone” with the Meucci Award for the outstanding Italian-American.
Antonio Meucci was an Italian-American telephone pioneer and inventor, along with other inventors such as Reis, Bell, Elisha Gray.
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