Wednesday, July 8, 2020

Jesus View On Success - Free Essay Example

Lucas Samonte Bib:300 T/Th Jesus View on Success Personal experience drastically alters the wants and needs of an individual. The region you were born will affect personal tastes, your household situation can change how to view family dynamics and roles in the home. When the concept of success is pondered everyone will have a different value of where they place what is important for them and that can change even more dramatically by generation. As the world evolves around us and technological advances make certain aspects of our lives easier and what we do with our time changes as well. Even in biblical times, individuals were misrepresenting successes with the physical or luxurious and throughout the Bible, there are countless attempts to help clear away distractions and refine our focus to what will be the true mark of success. In the Book of Matthew, there are large portions that focus on what to emphasize in your life and are some of the core disciplines of Christianity. At the start of Matthew you have the Beatitudes, these are eight blessings from Jesus that takes traditionally negative traits and gives them strength in their future results. Each of the verses begin with blessed followed by something someone would normally not want to be associated with. Jesus is not reaching out to those who feel content in everything they have or feel they are accomplished and successful. He had surrounded himself with prostitutes, tax collectors, outcasts, and others generally considered undesirable because he is setting the example for his followers that the lowest of the hierarchy is still worthy of God. The meek, the mourners, the ones who forgive and potentially could be taken advantage of are all rewarded by God with eventual paradise. This shows how Jesus provided all of the keys to the ultimate goal, everlasting life in the LORDs kingdom. So when you are a peacemaker, when you are persecuted for righteousness sake, if you are merciful you will be successf ul in Gods ultimate goal, the Kingdom of Heaven on Earth. While it can be hard to know for sure, these statements of lowering yourself to hopefully raise yourself later seem to be adverse to thinking at the time. You can have visions of kings clearly presenting themselves as greater than all others and people might tend to want to be the king or leader of their community. Here we have the leader saying to be like me you must also do as I do, surround yourselves with these types of people and be meek, be humble, be righteous which makes Jesus stand out from other leaders. Jesus also explains in Matthew 5:22 that there are consequences if you do not make yourself modeling themselves after his words. To summarize, if you are angry with your brother without a true cause then you are the fool (Raca) and you will see hellfire. There are various ways of severity to look at this verse. Jesus is speaking to his followers so he could mean brothers as in followers of God and Jesus, or humanity at large. Jesus is also comparing being angry with the Commandment Thou Shall not Kill for you will receive judgment. So if you are even angry enough with another person you are just as guilty and deserve judgment. This is a logical progression, someone who easily becomes furious with another person, quick to fly off the handle could eventually get so angry that they make an unforgivable mistake. This is a lesson in controlling your temper if you wish to be successful in the aforementioned Beatitudes, success comes to those who can control their emotions and calmy make ra tional decisions. An important set of verses appears in the next chapter Matthew 6:19-21, where Jesus is recount where his followers should place their treasure. To summarize the passage you should not place your treasure on Earth because they can rot or be stolen, but if you place them instead in Heaven then you none of those Earthly worries can affect the things you hold so highly. Meaning by this that there are physical treasures on Earth. Beautiful gold and jewels, clothes that hold amazing value and symbolize your wealth or greatness, but these are not the treasures you should desire. This stands out as unusual because people tended to need to accumulate treasures and wealth as the only representation of success. But your treasures should be your investments in your soul to follow the word of God, these give you the true treasure where youre everlasting in Gods kingdom. Verse 21 states that where your treasure is your heart will be too, this is pointing out that if you spend your life accumulatin g treasures like cars, a big house or other worldly vices that is the only place your attention and intentions (heart) could be. If your heart is on treasures here then it could never be on God or his teachings, your attention would be taken from the ultimate success. Turning to Matthew: 7 we find the verses 13-14, which Jesus states his summary of the Sermon on the Mount. There are only two paths in life. The paths have two gates where one that is wide and one that is narrow, one leads to damnation and one leads to salvation. The broad road is easy and straight but is ultimately the path without Gods grace, where the narrow both is bent and difficult symbolizing the effort youll need to give to receive a pleasant afterlife. This parable still holds true in modern life, you can take the easy route of cutting corners, making excuses and not holding yourself accountable for your actions. Though by doing this youll never live up to your full potential and ultimately live an unfulfilled life. If you were to take the narrow winding road of putting in effort into relationships, holding yourself responsible and living a life that helps others you will be rewarded with a happy life. Jesus is reaffirming to the crowd of his followers that he realizes every thing he has just laid out for them is not easy, it will take faith and effort, but they will be eternally rewarded in due time. Ultimately there are many concepts that Jesus is trying to emphasize for his audience, he lays out numerous directions and guides for what his followers need to prioritize in their lives, but for good reason. There is only one goal in Jesus mind, being accepted into the Kingdom of Heaven. So you can be successful, but your successes should not be worldly, they should be personal traits and efforts of bettering yourself through humility and righteousness. Your successes will eventually be rewarded, but only if you follow Jesus words like you were a crowd member during the Sermon on the Mount.

Thursday, July 2, 2020

Illiquidity And Micro Structure On The Financial Market - 3025 Words

Illiquidity And Micro Structure On The Financial Market (Essay Sample) Content: NameCourseProfessorUniversityCityDateRESEARCH PROPOSAL TEMPLATE 1. Proposed TitleThe Impact of Liquidity, illiquidity and microstructure in the Financial Market2. Background or Rationale of the Project Many scholars have delved into the topic of the dynamics of the financial market liquidity but more especially on the correlation between liquidity, illiquidity, microstructure and inter-dealership. Many academicians and scholars have written several academic journals and books on this topic. There has also been raging debates on academic and professional platforms on the empirical and theoretical causes of liquidity and illiquidity in the financial market. This discussion began as far as 1960 by the macroeconomic researchers who have sharply differed on the real cause of illiquidity and liquidity and the mechanisms that need that the relevant agencies need to employ in to curb it. This disagreement has created different views amongst the thinkers and those conducting s tudies. This problem does not only affect Europe and the US but other continents like Asia and Africa as well( Green and Inman2007) The macroeconomic researchers have made some substantial progress in this field more especially liquidity and illiquidity in the financial market with more focus on the stock market.However, the crucial questions on the real factors that influence the financial sector, therefore, causing liquidity and illiquidity have not been resolved. Equally, there are divergence views on the role of an inter-dealer ship in the financial markets as well as the effects that it creates( Mohan 90).About that, studies on the microstructure in the financial market conducted, have elicited several questions related to the financial. Most researchers in this field, argue that the market microstructure as well as have a practical effect on the financial market, but they differ on the nature of the effects ( Goodhart 2008).The market frictions like the information costs and a ctual transaction cause an inducement for the emanation of the commercial structure. The economic structures are a set of institutional, capital markets and contracts. There is a hypothesis that is put forward by Alvin (2012) that the legal environment has a massive effect on the liquidity and illiquidity in the financial sector. The problem this dissertation wants to solve is whether the illiquidity and liquidity in the financial market are affected by microstructure and inter-dealership and the relationship that exists between the two. The study will use the internationally recognized methods of measuring liquidity and illiquidity in the stock market (Harinder 60). 3. Preliminary Review of the Literature This paper is closely related to the kind of research on the microstructure and the liquidity of the sovereign bond markets in the period when the financial market was facing one of the greatest stresses as explained by Engle et al. (2012) as well as Tomio and Uno (2013).Although several researchers have conducted studies on the microstructure of the government bond, there are very few studies that cover the most recent cases of the turbulence in the financial market. These crises include the 2008 financial crisis as well as the Eurozone together with the interventions of the monetary policy. The researchers have not focused their studies in the field of inter-dealership and microstructure ( Kieschnick et al.2008). The only exceptions are that of Engle (2012), who came up with a proposal of a dynamic model of the order book and study. This study focuses on the dynamics of liquidity in the United States Treasury market between 2006 and 2010.They found out that there was a dramatic decrease of liquidity during the crisis and both volatility and liquidity show a feedback that is negative. In his research, Pelizzon(2013) found out that in the Italian market the study price and the liquidity discovery during the 2011 and 2012 Eurozone crisis affected the market m assively. He discovered that the price discovery takes place in the future market however the liquidity discovery happened in the spot market. A study was conducted by Tomio and Uno (2014) on the microstructure of the government bond in the Italian government bond. This study was conducted during the 2011 and 2012 period. From the findings, there was a documentation of a strong link between the sovereign risk and the liquidity of the market as well as the positive impact created on the market liquidity of the central bank interventions( Ziets 2006). This work is also related to the literature on the pricing anomalies and the limits of arbitrage.Gromb and Vayanos( 2010) gives a well-elaborated survey of the theory. Krishnamurthy elaborates on several empirical examples from the financial crises that took place in 2008.The most recent paper on the government bond market is by Hu et al. (2013) who comes up with a proposal on how to measure the market-wide liquidity in the treasury mark et by using the yield curve noise; this means the bond yield deviations from a curve that flat fitted. The findings from this research show that during the time of sufficient risk capital, the yield curve is made smooth by the arbitrage forces. However, during the time of the funding illiquidity and when the risk aversion is high, there might be persistent of large deviations in the prices. This is in line with the findings of Pedersen (2009) and Duffie (2010).Musto, Nini and Schwartz (2014), found out that the characteristics of the liquidity of the individual bonds give an explanation of the pricing errors in the yield curve. It also shows that the investors who are highly levered have a tendency of demanding for the more liquid bond in the times of the financial stress and this exacerbates the discrepancies in the price.Longsta and Lustig study the mispricing that existed between the nominal and the inflation that is linked to the Treasury securities and found out that the basis becomes narrow as the arbitrage when there is a flow of arbitrage capital into the market( Zheng and Shen2008). The paper will also examine the gilt market with a focus on the inter-dealer market. The paper is also related to several studies that have the aim of getting a fundamental understanding of the interdealer section in the market (Hybrid or OTC).The seminal paper will be from Ho and Stoll (1983) which shows how the interdealer market can make it possible for the dealers to a have a share of the risks that are associated with inventories. On the empirical side, Lyons (1995), to control the inventory, the FX dealer uses the inter-dealers division in a systematic manner. In overall, the available literature on the empirical segment shows that the inter-dealer segment makes it possible for the dealers to share risks in the different markets(Tovar 2008). This study will contribute to this stream of literature by demonstrating that the price impact magnitude and the reversals th at are related to the gilt purchases by the bank depends on the aggregate uncertainty of the market as well as the auction characteristics. Unlike the other previous studies, this paper will show the precise control of the Non-QE activities of the market on the gilt changes in the prices happen at the time of the QE auction and the day after the auction. These were the gaps left by the current literature on this topic. These findings are important for the scholars, financial markets dealers, and enthusiasts so that they can have an understanding of the dynamics that affect liquidity in the financial market. In the above literature review, the main source of data was the Zen database that kept by the United Kingdom Conduct Authoruty.The Zen contains all the information and reports on the secondary market. The data covers all the activities of all the institutions involved. This data that was used by the literature review is valid and reliable because the UK government domiciles all t he GEMS. The FCA institutions do the regulation of these financial transactions. This information has been cited many times by a number of researchers and as well as the credibility of these institutions makes it valid and reliable. The literature also cited other authorities in the field as well as the assessment of the current trends in the financial sector through newspapers and other media like television. Then through the use of the qualitative and quantitative methods, the data from these institutions were analysed (Pescatori et al. 2007)..4. Research Questions (Aims) and Objectives This research paper will use the microeconomic and network theory to investigate how the financial sector players and other forces trigger liquidity and illiquidity. The focus will be the time that countries are facing a financial crisis. The dynamic general equilibrium models will be used to show how the intermediation activities affect the financial sector. The netw...