That may change as Bangkok takes on the title of World Book Capital for 2013.
Oxford will submit its formal bid to become UNESCO World Book Capital in 2014 this week.
The United Kingdom was one of the original supporters of the UNESCO resolution establishing World Book Capital as an annual designation.
The museum was due to open in 2014 but was postponed after the city failed to become Unesco World Book Capital City.
As I wrote in my book Capital Rising, co-authored with Srini Rangan, the smartest people focusing on big unmet needs can invent better solutions.
We believe that Oxford should become UNESCO World Book Capital in 2014 because the entire bid is about creating a lasting legacy for Oxford and Oxfordshire.
World Book Capital is an annual title bestowed by UNESCO to a city in recognition of the outstanding quality of its programs and initiatives to promote books and reading.
So, as one senior international regulator said to me, the debacle should reinforce his and his colleagues attempts to force banks to hold vastly more capital as a protection against losses on banks' trading activities (the Basel Committee's " fundamental review of trading book capital requirements").
In this context, Minister Poghosyan underscored the successful impact of the designation of Yerevan as the World Book Capital in 2012 and invited the Director-General to attend the closing celebration on 10-11 December coinciding with the 500th anniversary of the first Armenian printed book in the country.
The explanation must be that bank capital regulation is based on book values of capital, not market values.
The basic lesson of all of this: stop pretending that you can control the financial health of banks with regulation based on book values of capital.
As Srini Rangan and I described in our book, Capital Rising, one way to frame that context is to think about why capital flows to countries and regions.
According to my ninth book, Capital Rising, co-authored with Srini Rangan, the EE consists of four key elements: transparent and efficient financial markets, reliable and effective corporate governance systems, human capital development systems, and clear and supportive intellectual property protection laws.
In 2008-09 already troubled U.S. banks were being battered by a recently reenacted, arcane accounting rule that was gratuitously destroying the book value of bank capital.
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Only when one company buys another, in cash and for more than book value, does capital actually leave the industry (and return to shareholders), and even then only by the amount of the goodwill.
Barclays bank analysts noted today that despite continued earnings and tangible book growth, increased capital deployment and record capital and liquidity levels, and improved asset quality levels bank investors are still hesitant on the sector.
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Since the publication of his book The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else in the fall of 2000, de Soto, 61, has achieved a degree of celebrity that cuts across the political spectrum.
The company acquired the assets of Allied Capital below book value in April 2010, maintained its dividend of 35 cents per share for the past seven quarters and returned shareholders almost 25% per year on average since 2008 (with dividends reinvested).
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First, he founded comic book company Graphation to raise capital for The Tiziano Project.
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Everyone dealing with Iraq should be required to read Hernando de Soto's groundbreaking book, The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.
De Soto's most recent book, The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, brilliantly lays out how the property rights we take for granted in the West are still woefully incomplete or nonexistent in most of the rest of the world.
Previously, capital was assessed at book value for regu-latory purposes, that is, at the price for which the institution bought it.
"1MDB is not directly funded by the Government and has to look for its own fundings (sic) in local and international capital markets and invest using its own capital, " the book says.
One example of a company that actually did make large repurchases of shares substantially below book value in 2011 is American Capital ( NASDAQ: ACAS), which announced it bought back millions of shares of its own stock, at prices considerably below its most recent reported book value per share, thereby elevating the per-share book value of the remaining shares.
Dame Shirley Bassey wrote the introduction to the book called Cardiff - Rebirth of a Capital.
Morgan Securities, Citigroup Global Markets. and Barclays Capital are acting as joint book-running managers.
Aegis Capital is acting as sole book-running manager for the offering.
Mr Hagel made critical remarks against the Israel lobby in the US capital, in a 2008 book by former state department official Aaron David Miller.
By the early 1980s Lee-Chin had built a solid book at Investors Group and later at Regal Capital Planners.
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