future utility of the distinction argument

Tài liệu The future impact of the Internet on higher education: Experts expect more-efficient collaborative environments and new grading schemes; they worry about massive online courses, the shift away from on-campus life docx

... is the relevance of the education to the professional future of a person Universities need to strengthen the causality between an education and a professional future, and given the nature of the ... are “working in the trenches” of building the web Most of the people in this latter segment of responders came to the survey by invitation because they are on the email list of the Pew Internet ... other tech and science publications, said, The key challenge of the next five years—I say the because of the importance of education for the entire global labor force and the importance of...

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Future Development of the Higher Education Economic Development (HEED) Fund doc

Danh mục: Cao đẳng - Đại học

... the release of the 2002/03 HEED funding allocations, their HEED Plans would also be used to determine the release of allocations from Strands to of the Knowledge Exploitation Fund (KEF) for the ... strands & of KEF Issue Comments are sought on the Council’s intention to repeat, over the medium-term at least, the data gathering exercise undertaken in conjunction with the submission of the HEED ... weighting applied to the total income level in the case of Model and applied separately to total TACS and CR income levels in Model The value of all of the weightings used is indicated in the table presented...

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The Past and Future History of the INTERNET potx

Danh mục: Quản trị mạng

... in turn will drive further evolution of the net itself The most pressing question for the future of the Internet is not how the technology will change, but how the process of change and evolution ... is the Director of the Computer Networks Division of the Information Sciences Institute of the University of Southern California Lawrence G Roberts (lroberts@atmsys.com) is the President of ATM ... specifications of the protocols The beginnings of the ARPANET and the Internet in the university research community promoted the academic tradition of open publication of ideas and results However, the normal...

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báo cáo sinh học:" The current shortage and future surplus of doctors: a projection of the future growth of the Japanese medical workforce" pdf

Danh mục: Điện - Điện tử

... in a serious doctor surplus in Japan The purpose of this study is to project the future growth of the Japanese medical workforce and to forecast whether the 80 000 65 + 15 - 64 60 000 - 14 40 ... 6) [15] The number of new medical doctors joining the profession was added, and the number of medical doctors dying was subtracted, in two to four steps, for each future year included in the model ... Comparison of the two scenarios Figure 10 compares the two scenarios’ results in terms of the numbers of medical doctors per 1000 persons throughout the projection period Discussion The Japanese...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_1 pptx

Danh mục: Ngân hàng - Tín dụng

... etc A future is the obligation to buy or sell the respective underlying at a certain time in the future for a certain price In the case of the buyer, an ‘option’ is the right, but not the obligation, ... discussions on the most preferable structure of the US futures clearing industry – but have so far failed to reach consensus Notably, since the announcement of the merger of the two Chicago futures ... ‘this dimension of ﬁnancial markets is fundamental for the proper functioning of the whole It is, in fact, the very essence of the markets, because it constitutes the basic process of exchange between...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_2 pptx

Danh mục: Ngân hàng - Tín dụng

... Chapter defines the two core issues of research: the efficiency of clearing and the structure of the clearing industry For the purpose of this study, the efficiency is measured by the transaction ... greater scope of services The number of services offered within the clearing value chain generally depends on the characteristics of the cleared market and product and the provider offering these services.8 ... of his or her entire portfolio The other benefits CCPs can provide depend on the types of functions they offer, but chief among them is netting.’116 Another unique benefit offered by CCPs is the...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_4 potx

Danh mục: Ngân hàng - Tín dụng

... Markets The ‘ﬁrst level’ of costs refers to those occurring on the ﬁrst level of the VPN, i.e those borne by the producer of the service, the clearing house and its direct customers, the clearing ... clearing houses The index used to determine the value of the benchmark portfolio again depends on the nature of the margin payments.64 Generally, the level of margin payments is reduced by the netting ... quantifying the savings from the reductions in back -of ce costs, these savings are not analysed in the context of this study For the purpose of this study, the indicator for quantifying back -of ce...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_5 potx

Danh mục: Ngân hàng - Tín dụng

... analysis software (QSR NVIVO 2.0) The third step of the data treatment consists of summarising the coding results, i.e the provision of a quantitative overview of the frequency of occurrence of certain ... furnished insofar as a clearing member matches the deﬁned archetypes The constraints or limits of the external validity of the research results are further detailed within the remainder of the study; ... her ﬁrm, the more likely he or she will be able to provide a comprehensive assessment of the cost of capital.37 The evaluation of the cost of capital depends on the characteristics of the clearing...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_6 doc

Danh mục: Ngân hàng - Tín dụng

... capital, the interviewed clearing members might not have had in mind the full scope of these costs as defined in section 3.2.2.1 Furthermore, the cross-checking of the data revealed that the figure of ... bypassing other investment alternatives, this cost category is undervalued by the difference of the value of the benchmark portfolio and the value of the executed portfolio (interest payments from the ... knowledge of all of these costs The figure for the magnitude of back -of ce costs does not incorporate the above-mentioned factors and thus constitutes an underestimate To summarise, the estimate of total...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_7 pdf

Danh mục: Ngân hàng - Tín dụng

... of its in-house system with the CCP system Whereas the product layer of the CCP network corresponds to the open interest held by the CCP, the product layer of the GCM network merely mirrors the ... goods The value-added of these services is impacted by the number of participants in the networks The following provides a classiﬁcation of the positive and negative network effects on the ﬁrst ... reduced back -of ce costs resulting from the decrease in back -of ce errors and back -of ce handling The size effect relates to the number of products cleared through a CCP The higher the number of clearing...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_9 docx

Danh mục: Ngân hàng - Tín dụng

... one of the value propositions of their business model The job of the broker is to make order out of the chaos of different clearing systems and different methodologies for the customer To the ... the European clearing industry can be assumed to be contestable The second step of the analysis of the impact of network strategies on the efﬁciency of clearing comes next: Chapter compares the ... terms of efﬁciency gains, from the implementation of a Single CCP Nonetheless, these clearers will presumably only adopt a Single CCP approach if they have the means to control the rules of clearing,...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_10 pdf

Danh mục: Ngân hàng - Tín dụng

... sizes The GCL had an asymmetric impact on each of the partnering CCPs’ network size The implementation of Phase I of the link increased the size of ECAG’s network, which then resembled the aggregate ... other than that of Eurex thus requires the deployment of a European clearing intermediary.121 All it is is a cheaper way of offering GCM services, at the end of the day And the reason that the ... competitive situation of the partnering clearing houses at the time of the implementation of the GCL, but the speciﬁcs of the initiative also play a role, in particular that only the ﬁrst phase has...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_12 pdf

Danh mục: Ngân hàng - Tín dụng

... participation is obligatory The magnitude of the increase of indirect costs depends on the structure of the initiative and the characteristics of the clearing member.294 294 One of the most crucial issues ... in the governance of the clearing house and can inﬂuence the rules of clearing This is the only way for them to circumvent the risk of disintermediation and the associated revenue losses r The ... user-controlled; otherwise, there is no way for them to inﬂuence the rules of clearing to restrict the level of access to the CCP network In the context of clearing link initiatives, restricting access to the...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_13 ppt

Danh mục: Ngân hàng - Tín dụng

... an agency focus The study also had to consider the particularities of the current structure of the European VPN First, while there are a number of CCPs, two of them dominate the European market: ... Introducing the future network economy – development of the clearing industry The findings of this study led to conclusions on the future clearing industry structure and delivered recommendations on the ... are not associated with the final conclusions of this study The findings of this study thus not necessarily reflect the views of the individuals interviewed in the context of this study Any proposition...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_14 pdf

Danh mục: Ngân hàng - Tín dụng

... snapshot of that particular date r Particularly in the case of equity options/futures, the number of necessary contracts varies depending on the value of the underlying For the purpose of the equity ... these? 48 What is the type and structure of your customer base? 49 Name of your company (The name of your company is only requested to facilitate the tracking of the questionnaires The ... Appendix 7, including the respective assumptions regarding the Value Provision Network, the structure of the European clearing industry and the composition of all-in costs of the six benchmark clearing...

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Báo cáo hóa học: " Prognostic utility of the acute cardiac ischemia time-insensitive predictive instrument (ACI-TIPI)" pptx

Danh mục: Hóa học - Dầu khí

... sensitivity of ACI-TIPI seen in the data presented here Thirty-day MACE was not assessed in either of these studies The aim of identifying a low-risk cohort of patients a priori is similar to the work of ... participated in the design of the study, provided oversight for the data collection, performed the 30-day follow-up data collection, and drafted the manuscript AM participated in the design of the study, ... oversight of the 30-day follow-up data, performed the statistical analyses, and edited the manuscript UH participated in the study design and edited the manuscript VN participated in the design of the...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_2 pdf

Danh mục: Tài chính doanh nghiệp

... requiring the use of an intermediary (see Figure 2.11) The research focus of this study is on the first level of the VPN The group of market participants occupying the first level of the VPN enjoys ... CCPs for the securities markets there This is due to the relatively low volume and value of the transactions.239 The introduction of the euro as well as the integration and expansion of European ... active in all of the world’s major financial markets, with direct access to each of the many clearing houses The globally active clearer can assume the role of a GCM or an ICM of the respective...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_3 pot

Danh mục: Tài chính doanh nghiệp

... Markets The ‘ﬁrst level’ of costs refers to those occurring on the ﬁrst level of the VPN, i.e those borne by the producer of the service, the clearing house and its direct customers, the clearing ... clearing houses The index used to determine the value of the benchmark portfolio again depends on the nature of the margin payments.64 Generally, the level of margin payments is reduced by the netting ... quantifying the savings from the reductions in back -of ce costs, these savings are not analysed in the context of this study For the purpose of this study, the indicator for quantifying back -of ce...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_4 pot

Danh mục: Tài chính doanh nghiệp

... analysis software (QSR NVIVO 2.0) The third step of the data treatment consists of summarising the coding results, i.e the provision of a quantitative overview of the frequency of occurrence of certain ... furnished insofar as a clearing member matches the deﬁned archetypes The constraints or limits of the external validity of the research results are further detailed within the remainder of the study; ... her ﬁrm, the more likely he or she will be able to provide a comprehensive assessment of the cost of capital.37 The evaluation of the cost of capital depends on the characteristics of the clearing...

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Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry_6 pptx

Danh mục: Tài chính doanh nghiệp

... of its in-house system with the CCP system Whereas the product layer of the CCP network corresponds to the open interest held by the CCP, the product layer of the GCM network merely mirrors the ... goods The value-added of these services is impacted by the number of participants in the networks The following provides a classiﬁcation of the positive and negative network effects on the ﬁrst ... reduced back -of ce costs resulting from the decrease in back -of ce errors and back -of ce handling The size effect relates to the number of products cleared through a CCP The higher the number of clearing...

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