... (Canada – Québec) NUA NewUrbanAgenda NUTS Nomenclature of units for territorial statistics NSS National Spatial Strategy (Japan) ODA Official development assistance ÖREK Austrian Spatial Development ... not an OECD member at the time of preparation of this publication Accordingly, Latvia does not appear inthe list of OECD members and is not included inthe area totals The statistical data for ... Ciudad, Real, Guadalajara, Toledo and Albacete In most cases, TL3 regions correspond to administrative regions, with the exception of Australia, Canada, Germany and the United States For more information...
... convincing argument for mandating regular issuance ofa standardized form of subdebt is that it may improve liquidity of such a market, and therefore increase informational content of prices and ... the Savings and Loan crisis inthe United States inthe late 1980s, which cost more than $150 billion to the American taxpayers Since then, Argentina, Russia, Indonesia, Turkey, Korea, and many ... misleading information… Forthe future of financial markets inthe United States, disclosure [of accurate information] is likely to be critical for continued progress.” In other words, financial markets...
... their bank, since they are insured in all cases Inthe absence ofa deposit insurance system, as inNew Zealand, for example, bankers are disciplined by the threat of massive withdrawals when ... predictable by indicators ofthe business cycle The phenomenon has been theorized inthe literature on information-based bank runs (see Chari and Jagannathan 1988; Jacklin and Bhattacharya 1988; Allen ... informationally efficient inthe sense that the secondary price aggregates the decentralized information of investors about the quality ofthe bank’s assets 12 Therefore, we assume that the resale value of...
... hazard and the international lender of last resort In Private Capital Flows inthe Age of Globalization: The Aftermath ofthe Asian Financial Crisis (ed U Dadush, D Dasgupta, and M Uzan) New York: ... cost of capital Any increase inthe aggregate amount of equity ∆E results in an increase inthe size of banks and hence in an increase ofthe banking sector ∆I = ∆E/K, which generates an increase ... International Financial Architecture: A Practical Post-Asia Agenda Washington, DC: Institute for International Economics Fischer, S 1999 On the need for an international lender of last resort Journal of...
... collateral varies substantially The rationale for collateralized loans is to avoid having the CB become creditor ofa failing bank, which in turn may result in charges against the capital ofthe ... implementation ofthe efficient allocation When, instead, the main source of moral hazard is screening (case (b)), the interbank market should be unsecured and there may be arolefor central bank lending ... ofthe feasibility ofthe efficient allocation inthe presence of an interbank market; and it limits theroleofthe CB to situations in which the interbank market spread is higher than that of the...
... such as interest rate and exchange rate derivatives in OTC markets To the extent that interbank loans are neither collateralized nor insured against, a bank’s failure may trigger a chain of subsequent ... rescue operations Third, the latter correlation may have alternative explanations; for instance, a political economy explanation may be that the failure ofa large bank makes national headlines while ... mean that all moral hazard in bank is eradicated) Inthe adverse selection version, monitoring by bank consists in acquiring information about bank 1’s managerial ability or about the riskiness...
... illustration of that point.) In that case, such loans not in any way reflect the fine information on the good health ofthe bank Here again we are finding two essential elements ofthe debate: healthy ... demand imbalances at a specific location as the cause ofa disruption inthe payments system or inthe interbank market Because ofthe complexity ofthe transfers involved in an arbitrary matrix Π, ... see the companion paper by Freixas et al (chapter 3) 16 For example, inthe Canadian electronic system forthe clearing and settlement of large-value payments the central bank guarantees intraday...
... with a higher probability than inthe diversified lending case Therefore inthe credit chain case the central bank has a higher probability of ending up financing insolvent banks Ex ante, therefore, ... monetary authorities inthe Continental Illinois debacle in 1984 and, to some extent, in arranging the private-sector rescue of Long Term Capital Management 21 The failure of Barings in 1996 is an ... international financial organization is ultimately backed by its capital Hence the resources at its disposal are limited and inthe case of aggregate uncertainty its ability to guarantee banks’...
... implications, our theory points to a serious rebalancing ofthe three pillars of Basel II The initial motivation of Basel I was to guarantee a level playing field for international banking, given ... By contrast, there is an urgent need (once again) to guarantee a level playing field in international banking Thedevelopmentof large and complex banking organizations with multinational activities ... by the banker’s decision Inthe absence of shirking, the value ofthe bank’s equity is given by a simple formula inthe spirit of equation (9.2) (see the appendix for all mathematical derivations):...
... 1990 A reexamination of mean–variance analysis of bank capital regulation Journal of Banking and Finance 14(1):69–84 Gennotte, G., and D Pyle 1991 Capital controls and bank risk Journal of Banking ... the riskiness of banking organizations: subordinated debt yields, risk-based capital, and examination ratings Journal of Banking and Finance 26:989–1009 Fries, S., P Mella-Barral, and W Perraudin ... us to address the imbalance inthe literature between pillar and the other two pillars Perhaps one reason for this imbalance is that most ofthe formal analyses of banks’ capital regulation rely...
... shows the usage of stop-smoking medications and SLT inthe four countries at each wave Use of NRT declined after wave in Canada, the UK, and Australia and after wave inthe US Use of any SSMs increased ... in Australia and New Zealand and all European Union countries other than Sweden It has remained available inthe US and Canada Despite this, most smokers are misinformed about the safety and ... trends in beliefs about the harmfulness of nicotine itself, stop-smoking medication including NRT, and SLT over the last to years in Canada, the US, the UK and Australia This paper also examines the...
... convincing argument for mandating regular issuance ofa standardized form of subdebt is that it may improve liquidity of such a market, and therefore increase informational content of prices and ... doctrine was first put into application by the Bank of England inthe Barings’ crisis of 1890 It was then adopted in continental Europe, resulting inthe absence ofa major banking crisis for more ... 1995 the Japanese authorities had to inject the equivalent of USD 24 billion in order to avoid a collapse ofthe Japanese financial system Japanese banks are also famous for several spectacular...
... in data cleaning, it is only natural to start with an uncertain database and clean it – reduce uncertainty – by adding constraints or additional information” An uncertain database (namely, a ... data accuracy We propose to realize the trade-off between data accuracy and price in data market We propose a framework for pricing the accuracy of relational data In our framework, the data value ... data and organize their online distribution A data marketplace is a virtual place of gathering for data providers and data consumers to purchase and sell data The three participants within a data...
... importance of using language games in teaching speaking skills The difficulties in using language games in class The advantages of using language games in lessons Time spent in using language games ... 6: The importance of using language games in teaching speaking skills According to the pie chart, most ofthe teachers were aware ofthe importance of using language games in teaching speaking ... engaged inthe classroom, for example, participating in class discussions, learning actively, and appearing happy And the other role that teacher can take is a corrector As the game is being played,...
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... being in Main Library, Stanford, on Lewis’s view, is the set of all actual and possible things that are in (a counterpart of ) Main Library, Stanford Since this set contains certain things ina ... similar case: An amnesiac, Rudolf Lingens, is lost inthe Stanford Library He reads a number of things inthe library, including a biography of himself, and a detailed account ofthe library in ... with an examination ofthe property theory of content In particular, I argue fora version ofthe property theory that upholds a kind of individualism or internalism about the mind The property of...
... explaining the rationality ofthe basic emotions ina way consonant with the discussion ofthe form ofthe intentionality ofthe basic emotions Chapter applies this approach to a core problem in ... us ofthe strategy ofthe ethologist The ethologist looks to find patterns of behavior in animals If there are patterns that occur again and again, and if these patterns can be found in isolated ... is already a problem, there is some theoretical gain in this approach Every debt we can pay off is, after all, a net gain in our theoretical finances Evolution, Innateness, and Inheritability The...
... fulfils all authorship criteria ofthe International Committee of Medical Journal Editors AL made substantial contribution to acquisition of data, analysis and interpretation of data, and drafting of ... ofthe article AB made substantial contribution to conception and design ofthe study, analysis and interpretation of data, and drafting ofthe article Each author revised critically the manuscript ... years of age; 2) at their first prenatal visit at the obstetric and gynaecology clinic ofthe CHU Sainte-Justine or the René-Laennec clinic; 3) pregnant within 16 weeks ofthe first day of their...