Psychology The Influential Bunch - 1184 Words

Justine Taylor Trident University International PSY101 – Introduction to Psychology Module 1- Case Assignment October 18th, 2015 Dr. Wajama, Aslami The Influential Bunch Psychology is defined as the scientific study of the behavior and mental process of individuals. In psychology there are many different perspectives that are employed. In this paper, this student will identify a few influential psychologists that paved the road for modern psychology. John B. Watson was a pioneering figure in the development of the psychological school of behaviorism. Watson was one of the early American psychologists to break Freudian notions that our unconscious mind was behind most of our behavior (Watson E. 1999). Behaviorism according to Watson was the science of observable behavior. Only behavior that could be observed, recorded and measured was of any real value for the study of humans or animals (Watson E 1999). Watson is best known for taking his theory of behaviorism and applying it to child development. Watson is famous for saying that he could take a dozen healthy infants and train any one of them to become any type of specialist he might select (Watson E. 1999). He believed that you can expose the child to certain environmental forces and overtime conditioned that child to become whatever type of person you want. Erik Erikson is known for developing the eight psychological stages of human development. Erikson assumes that a crisis occurs at each stage of development.Show MoreRelatedEssay On How To Build The Future906 Words   |  4 PagesZuckerberg. Mark, you have built one of the most influential companies in the history of the world. So we are especially excited that you’re here. I’m not sure where to go from there. Why don’t we start with just the early days of Facebook? Tell us what it was like when you started it. Sure. So for me, the thing that I was really fascinated by and always have been is people and how people work. You know, when I was in college, I studied psychology and computer science. And you know, one of theRead MoreThe World Of Advertising1606 Words   |  7 Pages The world of advertising is an intricate mix of psychology and determination, with advertising companies using their vast supply of resources to create the most appealing representation of their product or service. Unfortunately, people nonchalantly skip ads on YouTube, walk out of the room when commercials come on, or put ad-blocking software on their computer so they don’t have to see them altogether. All anyone wants to do is watch what they want, when they want it, without interruptions; eagernessRead MoreWhat about Bob psychology paper1250 Words   |  5 Pageseven get on a bus. Bob who always has to have some type of barrier between him and the door eventually throws it away. 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Skinner s Theory Of Psychology Essay2523 Words   |  11 PagesB F Skinner was one of the most influential behaviourist in psychology. He introduced a lot of new theories from his work and has been studied by many for years. Skinner particularly focused on behaviour patterns of animals and people, of course. He was very popular for his â€Å"Skinner Box† experiment. Skinner Box is used for conditioning animals like pigeons and rats to behave in desired ways such as running through a maze, playing tunes on a keyboard, or pressing levers (McLeod, 2007). Skinner alsoRead MoreThe Effects Of Violent Video Games On Children2016 Words   |  9 Pagesas shown in the article Training simulation: Mass killers often share an obsession with violent video games by Mike Jaccarino. Many people have discussed violent video games being very effective on children, such as Bruce Bartholow a professor of psychology at the University of Missouri. Bruce mentions: â€Å"M ore than any other media, these video games encourage active participation in violence,† â€Å"From a psychological perspective, video games are excellent teaching tools because they reward players forRead MoreSpirituality And Religion Beliefs Are Influencing The People Life Around The World2799 Words   |  12 Pagesage, sexuality preference, economic income, intellectual level or language the presence of God changed the life of who belief in his existence at difference level of religion connection. It is well established that belief in God is pervasive and influential in contemporary American society—but what do people believe about the nature of God s presence in everyday life? 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Frequently, the good child, or the focus of theRead MoreThe Impact Of Managerial Styles On Organizational Effectiveness7129 Words   |  29 Pagesfrom ages, here some theories, are commonly categorised by which aspect is believed to define the leader the most widespread one’s are: Traits theories The Great Man theories Situational theories Behavioral theories †¨ Trait theory (1930-1940) In psychology, trait theory also called dispositional theory, is an approach to the study of human personality. Personality traits measurement weren’t reliable across studies. Many studies have analyzed the traits among existing leaders in the hope of uncoveringRead MoreTill Blood Gushes Through These Veins !2432 Words   |  10 Pagestrue to their nature, they killed those few Persian errands. War, now inevitable and in foresight, made Leonidas chalk out a strategy to defeat the large Persian army. He discussed his stratagem with the five wise men, called Ephors, who were as influential as the king but denied him permission to go to war as the Oracle termed it inauspicious. They said that this war would virtually mean doomsday for Sparta but the real reasons behind the rebuttal to Leonidas were not the Gods but the materialistic

Essay on Abraham Lincoln a Great Leader - 878 Words

Abraham Lincoln was a man of humble beginnings who, though self-taught, rose to greatness through the many leadership qualities that he possessed. Quality traits that Lincoln possessed were honesty, integrity and a great devotion towards the rights of the people. It was probably through his impoverished upbringing that he formed such a bond with common folks. Lincoln was able to show the country that an ordinary person, with strong character and integrity, was capable of inspiring others to greatness. His ability to communicate through dynamic speeches was inspirational to a country so badly in need of someone to return the country to the unity that it had once had. His commitment to the rights of individuals was a cornerstone of his†¦show more content†¦Being able to listen to the opinions and then being able to make a decision is a key ingredient to being a great leader (Wadhwa, 2012). Another great leadership ability that Lincoln possessed was his ability to appoint the right people for the right jobs in his Cabinet. Even though they were some of the greatest minds of his time, some of his Cabinet members were also some of his biggest political adversaries. Through his great leadership, he was able to assemble this group and to pull them together to make it work. Lincoln also had the ability to make a mistake, learn from it and then move on, creating an environment of learning in his administration. Also, when the administration was successful, Lincoln was willing to share the credit with his administration, not taking all the credit for himself. This ability can be a great motivator, since it gives people a sense of accomplishment (Moreton, 2008). Lincoln’s ability to control his emotions was another great trait that he possessed. Even though Lincoln was known for treating those he worked with fairly, when he was driven to frustration or anger, he would of ten channel his emotions by writing what he referred to as â€Å"hot letters† to the person he was agitated with, but would keep it after writing it. When Lincoln did lose his temper, he would usually not hold a grudge against the individual (Moreton, 2008). The last leadershipShow MoreRelatedEssay on Abraham Lincoln, A Great Leader in American History781 Words   |  4 PagesStates of America, many great people have directed toward success. The American nation has been honored with many of the greatest people in history, including George Washington, Thomas Jefferson, John Adams, and James Madison. Abraham Lincoln is considered one of the most greatest president in US History. Abraham Lincoln was born on February 12,1809 in Hodgenville, Kentucky. He is known for his leadership and skills as president along with his pleasant personality. 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One of are presidents in the presentRead MoreLeadership Skills And Qualities Of President Abraham Lincoln936 Words   |  4 PagesPresident Abraham Lincoln leadership qualities and accomplishments go far beyond that life altering proclamation. American educator Dr. Stephen Covey states, â€Å"Always surround yourself with people who are even more talented and competent than you† This quote is relevant to the leadership skills and qualities of President Abraham Lincoln because he was known for the quality of staff he appointed to serve alongside him as president.according to Historian Doris Goodwin President Abraham Lincoln appointedRead MoreLincoln Was A Successful Strategist1005 Words   |  5 PagesLincoln was a successful strategist because of his great leadership skills. He was a great leader because he was great at make decisions but took a long time to make decisions. An example of his long decision making is when the south succeeded from the Union and five days later the South attacked Fort Sumter. After a few long weeks Lincoln had a plan, he told South Carolina that he was going to send provisions to Fort Sumter. That he would send no troops, or ammunition unless South Carolina attackedRead MoreAbraham Lincoln And The Civil War Comparison Essay11 08 Words   |  5 Pages Abraham Lincoln, the great president of the United States, is one of the most influential men in the history of America. He is not only the commander-in-chief of the Union army that takes the victory from the Confederacy in the Civil War but also a leader who ends up the existence of slavery and a hero of the United States of America. On the other hand, Nathan Bedford Forrest is the lieutenant general of the Confederate army during the Civil War. 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The Psychology of Dreams Free Essays

Why we dream: an analysis of contemporary research and theory on the function of dreaming Krista L. Hulm Essay Topic Why do we dream? Discuss with reference to psychological theories and research. Abstract Within classical psychoanalytic psychology, Freud’s (1900) conception of dreams is the most prominent dream theory among modern Western culture (Fosshage, 1983). We will write a custom essay sample on The Psychology of Dreams or any similar topic only for you Order Now Freud theorised that dreams serve a dual, compromise function. He suggested that unconscious, instinctual drive energy pushes for discharge, moving toward the expression of a consciously unacceptable impulse. The reduction in conscious restraints characteristic of sleep allows a symbolic, disguised dream expression of the repressed wish. The overt (manifest) content of the dream represents a compromise between the instinctual forces (latent content) striving for expression, on one hand, and the repressive forces of consciousness on the other (Freud, 1900). Freud assumed that the energy pushing for action would awaken the sleeper if not for the dream which, through symbolic discharge, allows a return to sleep. Therefore the dream is seen as serving the biological function of preserving sleep, with the psychological function of discharging an unacceptable wish that might otherwise burst destructively into waking life (Dallet, 1973). Various aspects of Freud’s dream theory have undergone review from the point of view of contemporary dream research (Breger, 1967; Foulkes, 1964). It is generally agreed that with respect to dream function in particular, the sleep preservation view is invalid and the underlying model on which the wish-fulfilment theory rests requires extensive revision. A study on REM sleep deprivation and its effects on depression found that when dream sleep was experimentally repressed in depressed patients, they were found to be more outgoing, energetic, more likely to engage with others and generally less unhappy (Cartwright, 1993). This may be due to dreams of depressed people having the characteristic of being more self-blaming. These findings contradict with Freud’s theory: if dreams are a safe expression of infantile wishes, why does this function fail to help the depressed? Despite the many problems inherent in Freud’s theoretical formulation of dream function, his far-reaching work has provided a basis for many of the contemporary theories discussed below. Contemporary research on dreams using brain-imaging studies contradict the view that content emerges from random signals (Morewedge Norton, 2009). The hippocampus, which is critical to the acquisition of some types of memories, and the amygdala, which is important for emotional memories, are both seen to be active during REM sleep in brain-imaging studies (Nielson Strenstrom, 2005). This understanding of the physiological aspects of dreams supports the idea that one of the functions of sleep itself is to draw together recent experiences with one’s goals, problems and desires (Paller Voss, 2004). Fossage’s (2007) organisational model of dreams stemmed from such understandings. The model proposes that the core process and function of dreaming is to organise data. More specifically, dream mentation, like waking mentation, develops, maintains, and restores psychological organisation and regulates affect in keeping with shifting motivational priorities. Research shows that babies spend 50% of their sleep time in REM sleep, adults 25% and older people 15% (Breger, 1977). From the idea that REM sleep quantitatively decreases throughout the lifespan, a number of theorists (Breger, 1967; Reiser, 1990) suggest that dreaming fosters structuralisation of the nervous system through the establishment of neural memory networks or maps and babies spend more time in REM in order to establish maps and corresponding categories of organisation. This suggestion supports the organisational model of dreaming. Furthermore, the organisational model of dreaming includes a revision of psychoanalytic theory to explain the content of dreams concluding, in short, that dreams more directly reveal – through affects metaphors and themes – the dreamer’s immediate concerns (Fosshage, 2007). References Bulkeley, K. (1993). Dreaming is play. Psychoanalytic Psychology 10(4), 501-514. Retrieved September 8, 2009, from PsychARTICLES database. Cartwright, R. (2000). How and why the brain makes dreams: A report card on current research on dreaming. Behavioral and Brain Sciences, 23, pp. 914-916. Fosshage, J. L. (1983). The psychological function of dreams: A revised psychoanalytic perspective. Psychoanalysis and Contemporary Thought, 6, 641-669. Fosshage, J. L. (2007). The organizing functions of dreaming: Pivotal issues in understanding and working with dreams. International forum of psychoanalysis, 16, 4, 213-221. Retrieved 14 August 2009, from Academic Search Premier database. Freud, S. (1900). The interpretation of dreams. Revonsuo, A. (2000). The reinterpretation of dreams: An evolutionary hypothesis of the function of dreaming. Behavioural and Brain Sciences, 23, pp. 877-901. How to cite The Psychology of Dreams, Papers

Empirical Investigation of Structural Breaks †MyAssignmenthelp

Question: Disacuss about the Empirical Investigation of Structural Breaks. Answer: Introduction: IMF effectiveness is dependent on whether the players see it as impartial and competent. According to the article, IMF is like a referee officiating a football match where it depends if the players see it as impartial and competent (Eun and Resnick, 2014). The effectiveness of this institution are limited by failure to meet its challenges. As an advisor, the institutions impartiality is called into question because it doesnt always know what to advise. According to the article, there are four challenges that pose a threat to the legitimacy of the IMF and thus the institutions capacity to execute its main functions (Kirton, 2009). Organizing surveillance through which the institution monitors policies made by its member countries both financial and economic policies is the first unmet challenge. This highlights possible risks to advises that are needed on policy adjustments. The funds original mandate was to focus on engaging in ruthless truth telling that would make exchange rates to be stable. However, the surveillance moved from the main focus of exchange rates issues to virtually everything and anything with implications for financial and economic stability (Levi, 2016). There is no longer the blunt truth telling as envisaged and this can be clearly shown because the fund did not warn the U.S of the subprime crisis , the Greek debt crisis or the global financial crisis. On the three events, the IMF batted 0 to 3 showed that it has no capacity to highlight risks to stability. The second unmet challenge is the conditionality that IMF gives its loans out with. This is the commitment that governments makes in terms of policy in order to receive assistance (Imf., 2016). The disagreements comes in when questions of the number of commitments and what kind of commitments that the IMF asks from the governments. This is because in some of the commitments , the IMF infringes on the sovereignty of the member country and so according to the article, the member countries do not view the IMF institution as an institution that is out here trying to promote the welfare of the individual member states (Hartley, 2011). If the IMF and the member country have similar objectives , why are there conditions set in the first place. The third unmet challenge is that there is disagreement about the role of IMF in sovereign debt management. This challenge is created by the absence of a legal framework that is needed to resolve debt crises , also contributing to this challenge is the existence of multiple stakeholders and transaction costs that are significant. Confusion is brought about when we consider the form that involvement should take (O'brien, 2017). IMF should provide liquidity assistance when the debt that a member country holds is sustainable but private investors are not able to provide coordination in the provision of liquidity required and they only facilitate to debt restructure when the burden of debt is unsustainable. Deep questions arises when statements about whether debt sustainability concept is meaningful and whether the IMF is able to determine a member states sustainable debt. In reflecting on this uncertainties, the institution has continued to lend to its member states and put off the restructuring decision. This model allows investors to create a moral hazard and cut their losses. This is because restructuring disrupts the economy and is also costly for the country. The fourth unmet challenge according to the article is impartiality problem by the fund which is an issue raise due to governance problems (Grath, 2005). When members have disproportionate voice which enables some member states to sway decision making and make decisions that are in line with their national interest, this is seen as if the institution is not partial. Some of the decision made by some member states that have a lot of influence are at odds with both the interest of the stability of the IMF and its membership. Also, some members are inadequately represented and they see the decisions made by the funds as neglecting their interests. Consequently, the two sides are reluctant to give IMF the autonomy in choosing tactics and designing programs. The failure by the IMF to meet the four challenges causes its impartiality and competence to be questions by those who criticize its modus operandi (Bodie and Merton, 2001). The funds inability to solve these challenges leads members to question its legitimacy according to the article. Legitimacy determines if the governments and their constituencies will to bend to its authority and accept its recommendations. According to political theorists, legitimacy has two sources. The publics assessment about the performance of the Fund is referred to as output legitimacy. If the funds advice brings in good results, then the agents would be willing to acknowledge its authority. Second, input legitimacy refers to the process through which power is exercised and decisions are reached. The first three challenges , that is , surveillance, conditionality relevance and the utility of the funds approach to debt problems can be solved through output legitimacy (Costa, 2006). On the other hand, the fourth challenge which is the funds failure to adopt a system of governance raises questions about its input legitimacy. The legitimacy problem will have to be solved so that the fund can be effective in its mandate. Today, there are several theories that explain the formation of the exchange rate and the nature of its dynamics. So, one of the most famous theories is the theory of purchasing power parity (or ability) (Power Purchasing Parity). According to this doctrine, the rates of any two currencies must be adjusted one to one according to the change in the price levels in these two countries. A simple example gives an idea of the action of PPP theory and International Fishers effect Summing up, it can be pointed out that the currency purchasing power parity doctrine can be a good tool for forecasting the exchange rate provided there are significant differences in the price levels of the countries being compared (Shapiro, 2014). The accuracy of the exchange rate forecast is a derivative of the accuracy of the forecast of price levels in the two countries, and therefore the time range of applying the principles of PPP is measured from one to five years. The forecast rate for a period of less than one year is not justified for the inability to get rid of many random factors in the main trend of the development of the phenomenon. This is the presence of a lag between price changes and adjustments to this exchange rate, and intra-annual seasonal and conjunctural fluctuations. Forecasts for more than five years can have a significant error. The PPP theory has rather limited forecasting possibilities, gives an idea of the prerequisites for long-term behavior of exchange rates, but can not explain the run-up of rates for short periods. The key to understanding the behavior of the exchange rate in the short term is consideration currencies that form the exchange rate from the position of the asset market and the theory of demand for assets (Manzur, 2008). The modern approach to the asset market stresses that, for short periods (less than a year), the decision to own domestic or foreign assets (that is, cash in national or foreign currency) will play a much greater role in determining the exchange rate than the demand for export or import goods. Those. export-import flows are considered as secondary exchange rate factors. According to the theory of demand for assets, the most important factor that affects the demand for domestic (national) and foreign money (t his time we consider the non-cash form of cash) is the expected return on these assets relative to each other friend The expected income for the deposit of a certain currency in the transfer to foreign currency consists of the interest rate of this currency and its expected price (+) or depreciation (-). When, for example, Americans or foreigners expect that the income on dollar deposits will be higher than the income on deposits in euros, then the demand for dollar deposits will be higher and, accordingly, the lower one for deposits in euros This will encourage investors to convert funds into current assets. Nevertheless, at the end of the investment period, they may incur exchange rate losses e changes in the exchange rate, which, with a surplus, will block the interest income. To prevent such losses, investors must enter into fixed-term contracts, i. agreements with the redemption of currency, at the rate of "spot" plus the interest earned on the invested assets. These agreements from interest arbitrage is a connecting link between the difference in interest rates of the national money markets of the two countries and the forward rates of the respective currencies (Madura, 2012). This link acts as the basis of the theory of interest parity. To understand the mechanism of the action of this theory, one should consider its formalized form. Purchasing power parity is an economic theory that states that people in a given country should be able to buy services and goods at a price that is similar to people from another country. The theory states that once the exchange rate difference is accounted for, then all the prices of goods and services would be the same. The ability of purchasing power is illustrated by real per capita spending. The basis for calculating PPP used by organizations such as UNDP is Gross National Product (GNP) (Olekalns, 2001). Since GNP cannot be compared directly, an International Comparison Project (ICP) is formed which aims to "adjust" the real GDP rate, so it can be compared. For this purpose is determined a number of commodities as a package for the basis of comparison internationally. The resulting number, to reflect the standard benefits, is then "adjusted" again with the Atkinson formula. This adjustment is deemed necessary, as a $ 500 increase for a country that already has a GNP of US $ 500 0 will have a different benefit from the same increase for a new country with a GNI of US $ 1000. On the other hand, the international Fishers effect theory states that a change that is expected in the exchange rate between currencies of two currencies is roughly equivalent to the difference between their nominal interest rates(Holmes, 2002). Using the interest rate difference to explain the occurrence of changes in foreign exchange rates. IFE theory is closely related to theory of PPP because interest rates are often correlated closely with the rate of inflation, therefore it can be concluded that the difference in interest rates which occurs between several countries can be caused by the difference in the rate of inflation. On the theory of Interest Rate Parity and Power Parity Purchasing, the theory allows us to estimate the future of the exchange rate expected. Interest Rate Parity is related to risk-free interest rate while Purchasing Power Parity theory of exchange rate is related to an inflation rate. Putting them together basically tells us that interest rates are risk-free related to the rate of inflation (Valsamakis, Vivian and Du Toit, 2010). This brings us to the International Fisher Effect, The international Fisher effect states that the real interest rate is the same across countries. Real interest in risk-free rate minus the inflation rate. Real interest rates are generally used more often compared with the nominal interest rate to measure currency exchange rate movements. The nominal interest rate is not an accurate measuring tool, because it still contains inflation element inside. International Fisher Impacts Impact The relationship between the difference between the two countries' interest rates and the expected change in exchange rates under IFE is as follows: first, the actual return for investors is the interest rate offered on the securities market term deposit money banking short, where the investor's actual return depends on the foreign interest rate if and the change of the foreign exchange. According to IFE, the effective return of foreign investment should, on average, be an effective return on investment domestic, therefore, IFE states that estimates of investment in local money market investments: Where r is an effective return on foreign deposits and i is the deposit interest rate of the country of origin. Then it can determine as evidenced above, the IFE theory states that when interest if, e will be positive because of the relatively small foreign interest rate reflecting the relatively low estimated foreign inflation, in other words, foreign currency will appreciate when foreign interest rates are smaller compared to origin interest rate. A financial derivative is an agreement between two parties where the payments conditions are also agreed by the two parties. Derivatives are from underlying assets such as contracts, swaps or even stocks. Some of the conditions include purchasing the asset at the price and at the date which the underlying asset achieves that price(Valsamakis, Vivian and Du Toit, 2010).. A common derivative is a call option that gives the buyer the option but not the obligation to buy the stock at a certain date and at a certain price. The PPP and IFE theories make derivatives unnecessary because of the inflation factor. As we know, the two theories factor in inflation of underlying assets but derivatives are meant to protect the buyer from purchasing the underlying asset with inflation factored in. Advantages of derivatives Transactions of derivatives take place in future therefore giving a chance to individuals and traders to execute all sorts of strategies in the futures and options Therefore, if the individual want to short some stock for a long time they can do it in this market. There is benefit of leverage in this market because people can transact huge transactions with small amounts hence trading with derivatives requires a less amount of money. Derivatives are a great risk management tool with a lot of benefit to the user. There are several criticisms that associated with these theories. The purchasing power parity theory does not factor in the tarrifs and the demand for derivatives can be different. Also another criticism of this theory is the differing taxes in different regions. Evaluate the differing ways in which derivatives can protect against the failings of IFE and PPP. As speculators take a market risk position, speculation is a spare part that makes futures and options markets(derivative market) work well and efficiently w. A speculator in futures trading is one goal, which is profit (profit) from its success in anticipating price movements. The time horizon of the speculator is very different from the hedger, commercial users, and other professional users, therefore tends to act as a bridge between large market users and other market users, with different time horizons. So speculation is a major component because the speculator improves market liquidity, and also increases market efficiency. A speculator in futures trading is with one goal, which is to profit from its success in anticipating price movements. Inflation and interest rates challenges are overcome by these speculation. Hedging is a strategy created to reduce the occurrence of unexpected business risks which includes inflation, in addition to the possibility of profit from the investment. Differential interest rates Differential interest rates between the two countries predict future changes in spot exchange rates. In the financial risk hedge, there are factors that cause exchange rate changes (Manzur, 2008). Knowledge of this will help in forecasting the direction of currency movement. These factors include differential inflation, monetary policy, trade balance, the balance of payments, international monetary reserve, national budget, and deferential interest rate, and associated currency behavior, unofficial exchange rate, forward exchange quotes. Not all hedges are financial instruments. For example, a producer who exports to another country can hedge the currency exchange risk by calculating his production costs in the currency he wants (Taylor, 2013). The following ways that derivatives can protect from the failings of IFE and PPP theories. References Bodie, Z. and Merton, R. (2001).Finance. Upper Saddle River, NJ: Prentice Hall. Costa, C. (2006).Introducing finance. Chichester: John Wiley. Eun, C. and Resnick, B. (2014).International finance. New York: McGraw-Hill. Grath, A. (2005).International trade finance. London: Nordia Publishing for the Institute of Export. Hartley, W. (2011).International finance. [Place of publication not identified]: Bibliolife. Holmes, A. (2002). Risk Management. Chichester: Capstone Pub. Imf. (2016).Forecasting at the imf. [Place of publication not identified]: Intl Monetary Fund. Kirton, J. (2009).International finance. Aldershot: Ashgate. Levi, M. (2016).International finance. London [u.a.]: Routledge. Madura, J. (2012).International financial management. Mason, Ohio: South-Western, Cengage Learning. Manzur, M. (2008).Purchasing power parity. Cheltenham (Reino Unido): Edward Elgar. O'brien, T. (2017).Applied International Finance. [S.L.]: Business Expert Press. Olekalns, N. (2001).An empirical investigation of structural breaks in the ex ante Fisher effect. Melbourne, Victoria. Shapiro, A. (2014).Multinational financial management. Hoboken (NJ): J. Wiley. Taylor, M. (2013).Purchasing Power Parity and Real Exchange Rates. Hoboken: Taylor and Francis. Valsamakis, A., Vivian, R. and Du Toit, G. (2010).Risk management. Sandton: Heinemann.