Money & Finance
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Community Journal: Money & Finance
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Anderson2123 Oct 17, 2021, 1:21 PM"Did my commitments in the morning to have fun and unplug the rest of the day "View my Commitment -
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LindsayDunlap Oct 17, 2021, 12:04 PM"I almost forgot that I actually did it😂 I don’t know if that’s a good or bad thing 🤷♀️😆"View my Commitment -
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LindsayDunlap Oct 16, 2021, 11:33 AM"Got this one done before I left the house and it felt so good!"View my Commitment
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Porch37 Oct 15, 2021, 9:28 PM"- A lot of time devoted to Birdwood - Realization that both Birdwood and Prismapar may not be it - Wrapped up UM Fellowship - Got response from Diego Rosado - Decisions on next steps of contacts"View my Commitment -
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LindsayDunlap Oct 15, 2021, 12:07 PM"Got em done! It happens more and more quickly these days to get 5 done ✅ "View my Commitment
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Charlotte1504 Oct 15, 2021, 10:21 AM"Going to take help a charity for abused children when I'm older."View my Commitment
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LindsayDunlap Oct 14, 2021, 11:34 AM"I was looking to see who to message next and I realized I had already got my 5 in! "View my Commitment
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Aman_Yadav Oct 14, 2021, 9:52 AM"I failed on 9 oct with 2 relapse in one day and with that i got a total of 6 relapses till now in october"View my Commitment -
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Charlotte1504 Oct 14, 2021, 7:43 AM"Going to ask my Mum if I can buy a stress ball this week to keep my emotions under control. "View my Commitment
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Dendup_W_L Oct 13, 2021, 6:22 PM"Read "Improving Monetary Transmission through the Banking channel : The case for external benchmarks in bank loans" by Viral V Acharya. This delved deeper than the previous paper and aimed to examine the problem : Why do policy rate cuts by the RBI not translate fully into Banks' lending and deposit rates ? The reasons could be many but underlying them all lies the development of the lending rate systems in India. From the PLR of 1994, BPLR of 2003, Base rate system of 2010 and then the MCLR of 2016, all these lending rates suffered rigidities and hence banks took advantage of it, often at the expense of the borrowers. These rates were mostly internal in nature, whereas developed economies use external benchmarks as these are beyond the influence of Banks and cannot be used for their advantage. India is characterized by a system of Internal benchmarks. Now an external benchmark is not sufficient as long as banks get to decide and change the 'spread' over the benchmark. The spread is the risk that the bank undertakes and this is in addition to the benchmark rate. There have been several cases where the bank adjusted the spread to offset changes in the MCLR ! The RBI recommended that this spread over the benchmark rate be constant unless the borrower's credit assessment changes. However, Banks raised several, logical issues with the recommendations which were addressed adequately. Also, other financial intermediaries operating in the economy such as NBFCs, now growing in number and significance, too need to regulate their rates in tandem with the policy rates and these are aligned with those of banks. An internal study group was constituted to look into these matters. In conclusion, the reason why transmission is so important is that for a percent change in the policy rate if the banks do not pass even, say a half percent then the changes in Monetary Policy has to be more dramatic ! implying more significant rate cuts or hikes and this only adds more 'jerk' to the economy. The internal benchmark rate did not do much to improve the transmission mechanism over the years. The external benchmarking case has therefore been made."View my Commitment -
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Charlotte1504 Oct 13, 2021, 11:28 AM"Going to visit most of the places I went to as a child when I'm older."View my Commitment
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LindsayDunlap Oct 13, 2021, 10:49 AM"Gotta build a leads list!!! I am making it too hard to figure out who to talk to and my leads list is too short…gotta stop over thinking that part 🤦♀️"View my Commitment
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ECHICA Oct 13, 2021, 5:40 AM"I showed up to three CoDA meetings, which while isn't a part of my work to-dos commitment, is a commitment I am proud of. I didn't meet my goal. It was a combination of procrastination mixed with severe brain fog and mental health from health issues I'm going through. That said, I figured out a workout routine that combats the brain fog the most so that I'm more productive during the day. I think this will help me stay on track and meeting my work to-dos commitment this week."View my Commitment -
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stephdonovan30 Oct 12, 2021, 1:05 PM"Really was not feeling it at all yesterday but I got off my ass and did the 10 videos challenge much after this first video. "View my Commitment
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LindsayDunlap Oct 12, 2021, 12:08 PM"Working on being more intentional with learning more about the person through their page before I reach out…making it more personal!"View my Commitment
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Charlotte1504 Oct 12, 2021, 8:31 AM"Going to act in movies when I'm older as well. "View my Commitment
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Anderson2123 Oct 12, 2021, 3:34 AM"Sent email to customers of final hours for sale, talked about the stylist perk of seeing sets before they are launched. Messaged 2 people from party to host. Looking for more hostess to Stylist parties Messaged 5 new friends "View my Commitment -
thestressfreeLMT Oct 12, 2021, 1:35 AM"I posted on my page and also did stories to promote my Massage sale! "View my Commitment -
Few_words Oct 11, 2021, 7:11 PM"Commitment started. Any purchases made after 3:10pm EST on 11 October 2021 will result in a failure of this commitment ."View my Commitment -
Dendup_W_L Oct 11, 2021, 5:54 PM"Today, re-read all of the three papers I've read so far. Had to run a regression model in R but the technicalities of the language code are too complex to understand, and so what would take a simple hour or so took more than 4 hours to do. This took much of my effective time. But the regression function estimated was related to Monetary Policy - how does changes in increase in the money supply explain changes in Inflation, and the second regression was to estimate a simple money demand function. Even if one knows the theory properly, while testing it out there is no guarantee that it will work out. Also, there is a major problem of knowing which dataset to take and from where. The methodology part is gonna be even tougher I guess. I thought having a strong theoretical foundation would suffice. Sigh. "View my Commitment
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wyndfal27 Oct 11, 2021, 3:18 PM"Tempted to buy a new coat for trip to Europe. Will shop my current closet instead"View my Commitment -
goalgettermissy Oct 11, 2021, 1:38 PM"Can you reject this report??? I entered the wrong info on this one. 🤦🏻♀️"View my Commitment -
lbgpdb2021 Oct 11, 2021, 1:37 PM"Yesterday was great but I have a trouble with consistency. My goal is to keep it going"View my Commitment -
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trishayoast Oct 11, 2021, 1:35 PM"Replied to multiple messages today from Friday evening and Saturday. Today I’m back at and ready to kick some ass "View my Commitment
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saskianicholls Oct 11, 2021, 1:29 PM"£335 paid off. Need to pay £65 by the end of the month. "View my Commitment -
Charlotte1504 Oct 11, 2021, 1:18 PM"I'm going to avoid unnecessary drama at all costs. "View my Commitment
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LindsayDunlap Oct 11, 2021, 9:44 AM"All done! Really had to make a conscious effort to do this today. "View my Commitment
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Alison2310 Oct 11, 2021, 8:52 AM"My head is in such a bad place right now. I don’t know whether it's just because my parents have both contracted covid - although, hopefully, today is their last day of isolation and they haven't suffered too much, or whether it's because my business is causing me anxiety or that nothing feels like it's going right. I just feel so bogged down and I've started to lose my grip on my finances. For the first time in a long time I took funds from my work account to keep my current account afloat - although, my work account probably owes me this money - my clients have all gone quiet - although I am busy with work - and I just feel as if I'm losing my edge. Anyway, today is a new week and I need to get my mojo back. So, here are my scores: I was going to fail myself but now I see it written down – I have just realised I must stop being so hard on myself. 1) Current Account in Credit in its Own Right: 50% (C) 2) Keep Remorseful / Frivolous / Wasteful Spend to a Minimum: 90% (B) 3) Full Payment by Customers / Family / Band*: 50% (C) (*This is where I've sent an invoice/asked for payment) Therefore, I award myself the following Score/Grade: 60% (C+) a marginal pass"View my Commitment -
ryanglasheen Oct 11, 2021, 6:58 AM"FInished homework to free up time for tomorrow"View my Commitment -
gekemezie2 Oct 11, 2021, 3:09 AM"First week I missed the deadline. Next time I need to have video uploaded before going out on Friday. Got in too late and fell asleep. It also helps to record multiple videos instead of 1 for the week."View my Commitment -
trishayoast Oct 10, 2021, 7:59 PM"Yesterday was the baby shower and didn’t get this one completed "View my Commitment
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Dendup_W_L Oct 10, 2021, 5:47 PM"Revisited Viral Acharya's speech transcript on the Monetary Transmission Mechanism given at TIFR. Reading the paper again, after a long time, I was able to see the underlying issues with better clarity and comprehension. What surprises me is that before embarking on this dissertation, I had the exact same set of questions regarding Monetary Policy Transmission. How did the Central Bank policy rate transmit into the Banking sector (for lending and deposit rates) and ultimately impact consumers (output and inflation) Viral Acharya gives an excellent first principles approach to the topic and the problems at hand, takes one channel (the Bank Lending channel) and then analyzes its historical developments, the changes introduced, whether these changes resulted in any significant improvements or not, and how to go ahead. What's more is that the analysis is presented in the Indian context and so is easy to grasp, especially the terminologies. In addition to prior understanding of the topic, I realized this time that banks' rates have a significant impact on the transmission of Monetary Policy. The deposit rates are rigid, and not often revised and so any changes in MP are not adequately reflected. The lending rate (say, for loans) is based on a floating rate pegged to a benchmark rate and this one would think is not as rigid as the deposit rate but there's altogether another problem to it which is that of the banks setting their own risk spread premium on top of the benchmark rate. And this spread varies and is often hedged to work towards the bank's advantage, nullifying the transmission process. There's another issue on the Benchmark rates which is too much to discuss at length here. This re-reading has helped me solidify my interest and conceptualize an objective for the dissertation, along with additional reading material such as reports by RBI."View my Commitment
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Himanshusinghal Oct 10, 2021, 4:08 PM"Need to complete registration process in Zerodha which requires new cheque book from Hdfc. Don’t have it until address can be updated"View my Commitment -
Anderson2123 Oct 10, 2021, 2:12 PM"Knew it would be a chaotic day so I got up early to get shit done. Messaged 15 people in the morning from my vip that are silent and 5 people at night that are new friends "View my Commitment -
Charlotte1504 Oct 10, 2021, 1:21 PM"One of my goals is to not think everyone is mean. "View my Commitment
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thestressfreeLMT Oct 10, 2021, 12:35 PM"was traveling so I worked on Asana and Trello tasks instead of live. Will be going live today! "View my Commitment
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LindsayDunlap Oct 10, 2021, 12:21 PM"That pregame time for a peewee football game can be very useful 😆"View my Commitment
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Jichelle Oct 10, 2021, 11:21 AM"On Saturday, I was tasked to take a product photoshoot of my candles. That has been taken, which means that next Friday I should be launching my website"View my Commitment -
Porch37 Oct 10, 2021, 1:18 AM"- Good advance on UofM fellowship - Received positive news from Birdwood, possible project to support in Bolivia. - Very good conversation with Renato Souza from Prismapar. Possible project there if I can show a local company that fits criteria"View my Commitment -
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Dendup_W_L Oct 9, 2021, 6:25 PM"Read "The Monetary Transmission Mechanism : An Empirical Framework" by John B Taylor. It talked about a framework to analyze the effect of changes in Monetary policy to changes in real GDP and inflation. What was different about this analysis was that instead of studying variables such as Money supply, bank credit, etc (Financial Market Quantities), variables such as interest rates and exchange rates (Financial Market Prices) were taken. There were three major variables of interest in the study viz. short term roi, long term roi and exchange rate (yes it is an international framework). Taylor justified his choosing of the variables and which one's to specifically take. Two key assumptions run through the entire analysis : - Rational Expectations - Wage price rigidity (slow adjustment) The basic overview was that changes in M. Policy led to changes in the nominal short term roi, which then influenced the nominal long term roi and exchange rates. We know there is a slow price adjustment process and so the real short term, real long term and real exchange rates are affected. This leads to a short term effect on the real consumption, real investment and real net exports. All then impacting the real GDP. Taylor then talks about the exchange rate regime affecting the goal of M.Policy and the choice of a Monetary Policy rule. He also estimated the empirical framework for USA, Canada, Germany, France, Japan, Italy and the UK to understand the change in the transmission mechanism over time (two time periods 1970s to mid 1980s and mid 1990s) and seem to be consistent with the theory. However, these estimates or rather the study itself has been for advanced economies and I need to be careful as I am attempting to study a developing economy and all may not apply in India's case. Although much of what Taylor wrote went over my understanding since it required a prior understanding of many issues and his works in the past but a broad framework established did help to see through the Monetary Transmission Mechanism, as a whole."View my Commitment
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Charlotte1504 Oct 9, 2021, 5:16 PM"Going to try and join a martial arts and Zumba class. "View my Commitment
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djq Oct 9, 2021, 4:31 PM"I got hit. this is good. I'm good on the first couple days. but I'm too distributed. Yesterday was not good because I ended up being a chaperone for everyone else and their needs which leads to amnesia of what it is that i'm doing."View my Commitment -
djq Oct 9, 2021, 4:31 PM"I got hit. this is good. I'm good on the first couple days. but I'm too distributed. Yesterday was not good because I ended up being a chaperone for everyone else and their needs which leads to amnesia of what it is that i'm doing."View my Commitment -
Patricia8 Oct 9, 2021, 3:58 PM"i lost my PH tutoring position but...i am still working two hours"View my Commitment -
LindsayDunlap Oct 9, 2021, 12:09 PM"Some where “follow ups” from people I had reached out to months ago and never heard back from, but I’m trying to find different ways to connect with them. "View my Commitment
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ryanglasheen Oct 9, 2021, 6:54 AM"Was clogged with calculus homework so I had to spend day away from project"View my Commitment -
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Dendup_W_L Oct 8, 2021, 5:25 PM"Was on a reading hiatus from reading dissertation related literature. Wanted to start on a light note, gradually transitioning into the topic. Started by reading Milton Friedman's 1968 Presidential address speech where he talks about Monetary Policy and what it specifically isn't. This speech, in hindsight, has provided a lot of background on what we consider today as granted in relation to the role of growth of money supply, monetary policy and inflation. Still reading the last few pages of the speech (it is 17 pages long). How is this relevant to my dissertation ? By reading this paper, I now know about the nuances of monetary policy and this can help me identify potential variables at play viz. growth in money supply in addition to monetary policy provides a better picture than policy rates alone. Also, the clarity and the thought process in the paper is of a superior caliber and I hope to come as close to it as possible. (Read for 1 hour, 5 minutes) 8th October, 2021 Friday 10:55 pm"View my Commitment
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LindsayDunlap Oct 8, 2021, 11:37 AM"Yesterday was a challenge because I’ve been sick…but I got it!!"View my Commitment
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wyndfal27 Oct 8, 2021, 11:01 AM"Could tell I was missing the purchase high/anticipation of receiving something but reminded myself that I don’t need anything "View my Commitment
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Charlotte1504 Oct 8, 2021, 10:21 AM"I have been writing a lot of books on Wattpad because I want to be a musical theatre actress and waitress, but also a writer."View my Commitment
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ryanglasheen Oct 8, 2021, 4:43 AM"I have finished the final draft of my first post and have started working on refining my home page functionality"View my Commitment -
Anderson2123 Oct 8, 2021, 4:31 AM"Messaged all in the parties with party link. Talked with 3 new friends. 😃 feeling comfortable with talking to strangers 👏 "View my Commitment -
emchristinephotos Oct 8, 2021, 3:13 AM"Yes! And one convo with a complete new person ended in a sale!! "View my Commitment -
stephdonovan30 Oct 8, 2021, 12:09 AM"Live completed today. Feeling very tired the last couple of days. Trying to do a lot and keep the momentum but I think I just needed a bit of a break tonight. Just chilling on the couch now. "View my Commitment
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nashy Oct 7, 2021, 5:56 PM"None invited this week due to workload/Katherine's bday. Will double up next week"View my Commitment
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DColcord Oct 7, 2021, 2:47 PM"I did a poll in my group today to help me determine rewards for them to earn for enrolling "View my Commitment -
Charlotte1504 Oct 7, 2021, 2:38 PM"I want to be a waitress at Disneyland Paris as well as a musical theatre actress and I'm going to check with the manager if it's ok I make the napkins in Disney shaped napkins to fit the Disney theme and people feel entertained."View my Commitment
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LindsayDunlap Oct 7, 2021, 11:43 AM"Still letting it be pretty organic, but going to need to figure out how to keep conversation going without being forced or creepy. Saying hello to 1000 people doesn’t do me any good if it doesn’t make it past that! "View my Commitment
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wyndfal27 Oct 7, 2021, 11:28 AM"Bought a 1piece swimsuit for Arizona because other suits are too big"View my Commitment -
trishayoast Oct 7, 2021, 11:01 AM"Starting to message my friends from my friends list"View my Commitment
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djq Oct 6, 2021, 9:15 PM"Goals today 1. Review Pauls Story Line 2. Build digital strategic narrative for basketball"View my Commitment -
Anderson2123 Oct 6, 2021, 9:12 PM"Pressed add friends 15+ times. Convos with 5 new friends 13 people added between 2 parties and messaged them all "View my Commitment -
djq Oct 6, 2021, 7:41 PM"my goals today 1. posting on Black in Valley my skills as digital strategist 2. do research on where I can post for job opportunities as digital strategist 3. Next step for NFT 4. "View my Commitment -
djq Oct 6, 2021, 7:28 PM"Good day...My goal was to start momentum...The vision board I created is giving me clear roadmap of what I say yes to vs. no. "View my Commitment -
DColcord Oct 6, 2021, 3:54 PM"All set with today’s post! On the 6th of the month I’m asking them to check in with their first main goal to hit BQ"View my Commitment
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LindsayDunlap Oct 6, 2021, 9:45 AM"Said hello to 6 new ladies and actually sent a few invites for the membership to women who had expressed interest in the past!"View my Commitment
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Charlotte1504 Oct 6, 2021, 9:31 AM"Going to do singing warm-ups and dance ones so I can be a better dancer and singer in the future. "View my Commitment
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Alison2310 Oct 6, 2021, 8:45 AM"Well, to be really honest, I seem to have lost my momentum and focus for all things. It may be that I need to get some life coaching because, since starting out on my own, I've just been so stressed and in an uncomfortable place - but I'm actually financially stable so I don't know what the problem is. I'm actually saving money each month but I'm not earning nearly as much as I used to and maybe that's the issue. The worst part is, that for the first time in a very long time I will have to fail myself because I've just transferred money from my work account to my current account to make sure I have enough to pay my credit card this month. Last month was a huge month for me financially (web site payment, dentist, hair..) so I need to make sure I keep my spending to a minimum this month. "View my Commitment
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ryanglasheen Oct 6, 2021, 6:27 AM"I set up a Bluehost server and wrote the first rough draft of my about me page for my website"View my Commitment
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