E-Finance: An Introduction" by Franklin Allen, James McAndrews and Philip Strahan (2002)
In sum, e-finance involves providing some type of financial services online or through other modern digital means. The journal article by Allen et al. provides a review of various types of research issues (e.g., the use of electronic payment systems, the operation of financial firms, and the operation of financial markets) related to e-finance that warrant further studies in the future. The authors describe the fundamental transformations that have taken place in the financial services industry and emphasize that a growing number of providers are operating online without a physical brick-and-mortar presence. In addition, a description concerning the respective impact of the Internet and other electronic banking systems on different sectors competing in the financial services industry (e.g., online banking, insurance companies, and electronic brokerage services).

The authors also make the point that electronic banking is not a new…...

Contributions of Mohamed Talaat Pasha Harb to Egypt’s National Development and Banking System Brief Biography
Born on 25th November, 1867 in Cairo’s El- Gammalia, Mohamed Talaat Pasha Harb is considered one among the greatest personalities who contributed to Egypt’s overall national growth and development. He studied art, science, economics, literature, and French. After acquiring a law degree, he commenced his career in the role of translator in the Royal Circuits’ Lawsuits Section, responsible for state- owned farmland. Though favoring free enterprise, he was quick to climb the rungs of the career ladder, landing the position of lawsuits section manager (53-75)3.
His subsequent posts as manager were at various organizations including Kom Ombo Company (a firm that actively reclaimed and sold land) and the Egyptian Real- Estate Company (where he ensured citizens of Egypt held most of the shares). He penned numerous books, including “The Economic Remedy of Egypt and Creating the bank for Egyptians…...

Money
The existence of money makes exchange easier, compared with barter systems, because money provides a stable store of value. If exchange is conducted with physical goods only – as in a barter system – then there are many points of friction that will inhibit exchange. First, goods have different physical characteristics that can put limitations on exchange. Some goods are perishable, others too large to transport, still others difficult to transport. Two goods may have equivalent value, but these physical limitations create barriers to exchange. How does one exchange a house for a year's supply of fish, for example? They might have roughly the same value, but you can't take all the fish at once, you can't trust that the fish will be delivered later, and moreover if the person wishes to take back the house because the deal fell through, but the other person ate all the fish, there…...

The second and third runs, therefore, were largely based on making adjustments to the first run strategy. In each instance, the adjustments made increased the total profit over the four years and it is believed that continuing along that same path of making slight adjustments would consistently increase the profits earned. It is for this reason that the strategy changed little -- there was no insight that was believed to lead to a better strategy and in lieu of such major insight there was no reason to pursue a radically different strategy.
The most useful concepts in this exercise were contribution margin (CVP analysis) and elasticity of demand. Understanding the cost structure of each product allowed for more intelligent pricing decisions. For example, the price cut in the X7 was significant at 25% from the base price in the base case run to 31.5% of that price in the later…...

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Works Cited:

Richards, D. (2010). How to do a breakeven analysis. About.com. Retrieved June 5, 2010 from  http://entrepreneurs.about.com/od/businessplan/a/breakeven.htm 

QuickMBA.com. (2007). Price elasticity of demand. QuickMBA.com. Retrieved June 5, 2010 from  http://www.quickmba.com/econ/micro/elas/ped.shtml 

QuickMBA/Porter, M. (2007). Porter's generic strategies. QuickMBA.com. Retrieved June 5, 2010 from  http://www.quickmba.com/strategy/generic.shtml

shadow banking system, its role in the subprime mortgage crisis, and failures of regulation within the shadow banking system. The term "shadow banking system" was coined by PIMCO's Paul McCulley in 2007 (Spanos, 2012) and refers to a banking system that includes financial intermediaries that are involved in creating credit across the global financial system, whose functions are not subject to regulatory oversight (Investopedia, 2012). The question has been debated as to whether shadow banking meets the definition of true banking. Given that the two systems perform similar functions, including credit intermediation and maturity transformation, the two should be considered parallel systems (Noeth and Sengupta, 2011).
The term shadow banking is used to describe any provision of credit taking place outside of the traditional deposit-funded lending system. This definition includes institutions that range from pawnbrokers and consumer finance companies to securities dealers as well as firms that issue corporate bonds.…...

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Reference List

Armstrong, R., 2010. Q+A -- Regulating the shadow banking system. Fox Business. [online] Available at: [Accessed 20 April 2012].

Beckworth, D., 2010. "Deposit insurance" for the shadow banking system. [online] Available at: [Accessed 20 April 2012].

Drum, K., 2012. The shadow banking system speaks: It's not time for austerity yet. MotherJones. [online] Available at: [Accessed 20 April 2012].

Hsu, J. And Moroz, M., 2009. Shadow banks and the financial crisis of 2007-2008. Research Affiliates LLC. [online] Available at: [Accessed 20 April 2012].

Online Banking
USAA Online Banking Analysis:

Assessment of Positive & negative Impacts & ecommendations

The USAA online banking system has been specifically designed to provide the financial institution's customers with reliable, secure and virtual access to their accounts and supporting banking transactions globally. Through the use of any Internet browser, USAA banking customers can quickly sign in, access and view account information, transfer funds, and set up and use automated payments for their personal and business-related bills. There are also a series of preferences which can be configured by customers to further tailor their online bank accounts to their specific needs. This is particularly useful for creating automated bill payment alerts and transactions to make sure bills are paid on or before the due date, new loan or savings accounts are securely created and managed, and enabling cash transfers to USAA and other financial institutions' accounts. One of the most challenging aspects of…...

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References

Chong, A.Y., Keng-Boon Ooi, Lin, B., & Tan, B. (2010). Online banking adoption: An empirical analysis. The International Journal of Bank Marketing, 28(4), 267-287.

Claessens, J., Dem, V., De Cock, D., Preneel, B., & Vandewalle, J. (2002). On the security of Today's online electronic banking systems. Computers & Security, 21(3), 253-265.

Lim, N., Yeow, P.H.P., & Yuen, Y.Y. (2010). An online banking security framework and a cross-cultural comparison. Journal of Global Information Technology Management, 13(3), 39-62.

Mavri, M., & Ioannou, G. (2006). Consumers' perspectives on online banking services. International Journal of Consumer Studies, 30(6), 552.

Shadow Banking on the International Level
A definition of international shadow banking

International shadow banking is a term that originated from pre-recessionary period in 2007 and was popularised in pose recession period. The term invited the attention of financial experts and researchers towards the emergence of non-banking entities playing banking role. Hence, the Financial Stability Board (FSB) formally identified their existence and role by defining the term shadow banking system (Pozsar et al., 2012).

It regarded non-banking entities as intermediaries in the financial system but external to the banking system. It is not only because they perform banking activities, but also because they perform certain other activities which are not part of the banking system. The definition was considered as valid and readily accepted (Pozsar et al., 2012).

No objection was raised upon the point that there are certain entities which are not banks but playing an active role in credit risk transfer, providing…...

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References

Pozsar, Z. et al. (2012). Shadow Banking. Federal Reserve Bank of New York, Staff Reports. Taken from:  http://www.newyorkfed.org/research/staff_reports/sr458.pdf 

FSB. (2012a). Strengthening Oversight and Regulation of Shadow Banking: A Policy Framework for Addressing Shadow Banking Risks in Securities Lending and Repos. Taken from:  http://www.financialstabilityboard.org/publications/r_121118b.pdf 

FSB. (2012b). FSB Publishes Initial Integrated Set of Recommendations to Strengthen Oversight and Regulation of Shadow Banking. Taken from:  http://www.financialstabilityboard.org/press/pr_121118.pdf 

FSB. (2012c). FSB Publishes Initial Integrated Set of Recommendations to Strengthen Oversight and Regulation of Shadow Banking. Taken from:  http://www.financialstabilityboard.org/publications/r_121118c.pdf

The asylum automatically granted under the Swiss constitution was denied for those seeking it for religious reasons. y 1942, only 9,150 foreign Jews were legally resident in Switzerland, an increase of just 980 since 1931. It was the Swiss government that requested the German government to help it identify Jews by stamping all Jewish passports with a prominent letter "J," following the Nuremberg acts in 1935. "y 1942, acting at the behest of Switzerland's establishment and the majority of its people, its authoritarian police apparatus was dedicated to keeping the country 'pure' and to saving it from being 'overrun with Jews'." Until 1942, the working Jewish community in Switzerland was forced by the government to support Jewish refugees.
The other side of the German interest in Switzerland's banks was related to the business of Germany and the looting of conquered countries. y 1941, Germany had exhausted all of its foreign…...

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Bibliography

Bazyler, Michael J. Holocaust Justice: The Battle for Restitution in America's Courts. New York: New York University Press, 2003.

Borowiec, Andrew. "World's leaders gather in Geneva." The Washington Times.  http://washingtontimes.com/world/20-5793r.htm .

Bower, Tom. Nazi Gold. New York: Harper Collins, 1997.

Clarke, William. "Nazi Gold: The Role of the Central Banks - Where Does the Blame Lie?" Central Banking, Volume VIII Number 1. Summer 1997. April 22, 2005.  http://www.bigeye.com/nazigold.htm .

Diversification of anking Returns Through
Greater Share of Non-Interest

Income and Off-alance Sheet Activities

The banking system was considered to be stable before the great financial crisis of 2007. The banking system faced the worst turmoil during that period due to the evolution of the nature of banking activities. anks started to employ diversify their sources of income. efore 2007, the one and only function of banks was to take deposits and lend money. Diversification of banking returns included many off-balance sheet activities and non-interest incomes into the features of the banks. The extra features are collectively known as shadow banking because of the lack of transparency in it. These activities increased the borrowing and lending and eventually, everyone was in a financial turmoil.

"The advent of shadow banking has fundamentally altered the nature of banking. Where once banks weremainly in the traditional business of taking deposits and making loans, they have come to…...

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BIBLIOGRAPHY

Calmes, Christian, & Theoret, Raymond. "Bank Systemic Risk and the Business Cycle: Canadian and U.S. Evidence." Paper presented at Annual Conference of SocieteCanadienne de Science Economique, Canada, April 27, 2011.

Calmes, Christian and Raymond Theoret. "Financial Services."Lifting the Veil: Regulation and Shadow Banking (2011): 1-6.

Calmes, Christian, & Theoret, Raymond. "The Rise of Shadow Banking and the Hidden Benefits of Diversification." Paper presented at C.D. Howe Institute Conference, Canada, April 2011.

John. H, Boyd and Gertler Mark. "Are Banks Dead? Or Are The Reports Greatly Exaggerated." NBER Working Paper Series (1995): 2-7.

Foreign Monetary System
A monetary system is any structure initiated by the government and mandated to issue currency, acknowledged as the medium of exchange by its citizens and governments of other nations. The central bank manages the monetary system of a country; this same bank has the responsibility of printing money and controlling the economy. Since the colonial period, coins from the European colonies had circulated in all the colonies. The Spanish coins gained dominance due to the scarcity of coins, during this time; the main form of trade was barter trade. The trade-involved items such as rice, tobacco, or animal skins, which took the form of money paper and notes, had varying rates of discount in different colonies rendering them of very low value (onald & Wright, 2006).

The high population in the U.S. called for increased trade and commerce. This forced the United States government to look for ways to…...

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References

Ronald, M. & Wright, R.E. (2006). Development of the U.S. Monetary Union. Journal of Financial History Review, 13(1), 19-41.

Anonymous, (2011). Challenges and risks of the International Monetary System. Journal of Economic Review, 22(5), 768.

Eichengreen, B.J. (2008). Globalizing capital: A history of the international monetary system.

Princeton: Princeton University Press.

They have a moral obligation to the South African people in this area for many reasons. First, they have an obligation to make certain that they can participate in the global economy to give their citizens the same chances for advancement as other nations. Secondly, they have a moral obligation to do everything possible to keep their citizens safe.
When one discusses the topic of security in Information and Communication Technology (ICT), much of the discussion focuses on the technology itself. Currently, the South African banking industry is attempting to establish standards that represent best practices in information security (Tshinu, Botha, and Herselman, 2008). These measures currently focus on the technological aspects of information security. However, the development of industry-wide best practices must take all sources of vulnerability into consideration, including the moral and ethical responsibility to keep information safe.

Therefore, the development of best practices cannot ignore the human factor…...

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REFERENCES

Anderson, R. & Moore, T. 2006. "The Economics of Information Security." Science [Online] 314 (5799), pp.610-613, October 27, 2006. Available at:

  (Accessed June 20, 2010).http://www.cl.cam.ac.uk/~rja14/Papers/toulouse-summary.pdf 

Anderson, R. & Moore, T. 2007. "The Economics of Information Security: A Survey and Open Questions." Fourth Bi-annual Conference on the Economics of the Software and Internet Industries. January 19-20, 2007: Toulouse, France. [Online] Available at:

Online banking, the ability to conduct banking transactions on the Web, is revolutionizing the way that consumers bank. ehind this transformation is information technology. With its use, banks have been able to scale and secure transactions, provide the same and often more functionality than brick-and-mortar banks and evolve from mass marketing to one-to-one marketing.
Consumer Readiness

The popularity of online banking is soaring with more than fifty million adults banking online in the United States as of November, 2004, an increase of forty-seven percent during the past two years (Sullivan, 2005). It is the fastest-growing Internet activity. Home broadband connections are credited with driving consumer adoption. Those with broadband access are about twice as likely to have tried online banking as users with dial-up connections because broadband encourages users to do more activities online. Demographic characteristics of those more likely to have broadband access include consumers between the ages of twenty eight…...

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Bibliography

Fields, J.(2001, September). CRM and financial Services: like money in the bank. CRM Magazine. Retrieved February 14, 2005 from Web site:  http://www.destinationcrm.com/articles/default.asp?ArticleID=1043 

Hoffman, K.E.(2003, March/April). Beyond the firewalls. BAI Banking Strategies. Retrieved February 14, 2005 from Web site:  http://www.bai.org/bankingstrategies/2003-mar-apr/beyond/print.asp 

Katz, I. (2005, February 5). Online banking victim files suit; $90,000 lifted from account traced to Latvia. Sun-Sentinel. Retrieved February 14, 2005 from Web site:  http://www.sun-sentinel.com/news/local/southflorida/sfl-zlopez05feb05,0,7861225.story?coll=sfla-home-headlines 

Miranda, A.L. (2002, June 21). Information technology in financial services. Retrieved February 14, 2005 from Web site:  http://strategis.ic.gc.ca/epic/internet/inimr-ri.nsf/fr/gr111851f.html

Another issue worth mentioning is that prior to the acquisition of 2007, the BB&T employees were already being offered training programs in convenience banking. The programs were basically revolving around the techniques which would be implemented by the organization. In this order of ideas, the most focus was placed on the De Le ue coin counting machine and the Datacard 150i instant issue debit card machine. Employees were taught how to operate, maintain, balance and audit the according operations. Emphasis was also placed on the elationship Bankers in reference to the new account bounding process including free gifts and the efer-a-Friend process. The improvement plan sees the continued training programs which teach staff members how to most efficiently operate the new systems and how to explain their benefits and functionality to the customers. Also, BB&T should remain channelled on the emergent changes affecting the market and the industry and should…...

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References

2009, BB&T Corporation, Hoovers, -- /free-co-factsheet.xhtmllast accessed on February 9, 2009http://www.hoovers.com/bb&t/--ID__14758

2009, Website of the BB&T Corporation,   accessed on February 9, 2009http://www.bbt.com/last 

2007, InSite Communicating Within, BB&T Insite

Coastal Federal Bank Unveils the Carolina's Most Convenient Bank, PR Newswire

CS in Saudi Arabian Banking
Social esponsibility: Attitudes, Actualities, and Possible Areas of Advancement in Saudi Arabian Banking

The global financial system has become increasingly smaller and more complex, with individual countries and their financial and banking infrastructures more intertwined and mutually dependent on each other. Because of this, understanding the role that banking systems and entities play in the social and political spheres is essential for policy makers and for individuals working in the banking sector. Of special importance are the social responsibilities that are borne by banks and the banking industry, which can vary greatly from country to country, based on a multitude of factors. The research described and proposed herein will yield a greater understanding of how these responsibilities are viewed by bankers in Saudi Arabia.

Scholarship on Saudi Arabia's banking industry has focused almost entirely on the financial implications for the country and the globe of various banking activities,…...

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References

Babbie, E. (2009). The practice of social research Mason, OH: Cengage.

Breakwell, G. (2006). Research methods in psychology Thousand Oaks, CA: Sage.

Butters, A. (2009) "Saudi's small steps" Time 174(15), pp. 44-77

Campbell, J. (2007). "Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility" Academy of Management Review 32(3), pp 946 -- 967

190). The Act also helped to create a "too-big-to-fail" mindset (Walter, 2004) that would have profound implications during the economic downturn of 2008 and beyond.
6.

Why did you include this piece of legislation in your list? The Act is described by Sammin (2004) as being "the biggest revision in financial services law since the Great Depression" (p. 653).

iegle-Neal Interstate Banking and Branching Efficiency Act of 1994

1.

What were the problems/conditions giving rise to the legislation? apid consolidations among the nation's banks were creating the potential for diverting needed banking resources from communities (ose, 1997).

2.

What were the major provisions of the Act? The iegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (hereinafter "the Act") contained the following major provisions:

A. Bank holding companies that are adequately capitalized and managed can acquire a bank anywhere in the United States one year after this law is enacted. However, no banking firm can acquire another…...

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References

Alexander, K., Dhumale, R. & Eatwell, J. (2006). Global governance of financial systems: The international regulation of systemic risk. New York: Oxford University Press.

Coustan, H., Leinicke, L.M., Rexroad, W.M. & Ostrosky, J.A. (2004). Sarbanes-Oxley: What it means to the marketplace; from support to apprehension, accounting professionals express their thoughts. Journal of Accountancy, 197(2), 43-44.

Feinberg, R.M. & Reynolds, K.M. (2010). An examination of entry and competitive performance in rural banking markets. Southern Economic Journal, 76(3), 624-625.

Gup, B.E. (2003). The future of banking. Westport, CT: Quorum Books.

1. The ethical implications of artificial intelligence in society
2. The impact of artificial intelligence on job markets and employment
3. The potential benefits and risks of autonomous artificial intelligence
4. The role of artificial intelligence in healthcare and medicine
5. The use of artificial intelligence in law enforcement and surveillance
6. The development of artificial general intelligence (AGI) and its implications
7. The impact of artificial intelligence on privacy and data security
8. The potential for bias and discrimination in AI algorithms
9. The future of artificial intelligence in education and learning
10. The integration of artificial intelligence in social media and online platforms.
11. The role of artificial....

Refined Thesis Statement:

The multi-layered security protocols employed by modern online banking platforms, combined with robust user awareness and vigilance, effectively safeguard financial transactions, mitigating cyber threats and ensuring the integrity of online financial services.

Supporting Arguments:

Multi-Layered Security Protocols:

Strong Authentication: Two-factor authentication (2FA) and biometrics provide an additional layer of protection by requiring multiple forms of authentication.
Encryption: Advanced encryption algorithms ensure that data is securely transmitted and stored, protecting against eavesdropping and data breaches.
Firewalls and Intrusion Detection Systems (IDSs): These systems monitor network traffic for suspicious activity and block unauthorized access.
Secure Socket Layer (SSL)/Transport Layer Security (TLS): Encrypts....

The 2008 financial crisis had a significant and widespread impact on global economies and banking systems. Some of the key impacts include:

1. Economic recession: The crisis led to a global economic recession as financial markets collapsed and lending froze, leading to a sharp decline in GDP growth and widespread job losses.

2. Banking system failures: Many banks around the world collapsed or required government bailouts to survive, leading to a crisis of confidence in the banking sector. This also led to increased government regulation of the banking sector to prevent future crises.

3. Stock market crash: The crisis caused stock markets to....

The Profound Impact of the 2008 Financial Crisis on Global Economies and Banking Systems

The 2008 financial crisis, widely acknowledged as the most severe financial upheaval since the Great Depression, left an indelible mark on global economies and banking systems. The crisis's origins can be traced to various factors, including the subprime mortgage debacle, excessive risk-taking by financial institutions, and inadequate regulatory oversight. Its effects, however, reverberated far beyond the financial sector, affecting businesses, households, and governments worldwide.

Impact on Global Economies

The crisis triggered a deep and prolonged recession across the globe. Economic growth plummeted, unemployment soared to alarming levels, and international....