however there remain legitimate concerns about the quality and capabilities of all subnational governments
Productive regions for inclusive societies 2016
... inputs the frontier would have required to produce the same amount of output as the other region The narrowing of the “gap” and therefore the concept of convergence or “catching up” towards the ... typically focused on innovation- and skill-intensive production and often only parts of the company (e.g the headquarters) remain in the city The size of the city allows for a high degree of diversification ... inclusion are felt Conception of national policies therefore needs to consider the impact on different types of places, and the firms and people located there While the majority of OECD residents live...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 1 ppsx
... teach these lectures in many other places: the Oslo BI School of Management (March 2002), the Bank of Finland (April 2002), the Bank of England (May 2002), Wuhan University (November 2002 and December ... Economic Review, the Journal of the European Economic Association, the Journal of Financial Intermediation, and the Economic Review of the Federal Reserve of New York—for giving me the right to use ... Preface and Acknowledgments In November 2000, I was invited by the University of Leuven to give the Gaston Eyskens Lectures The main topic of my research at the time provided the title: “Why are there...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 2 pdf
... support to all of the banks was provided, but the stockholders of the banks were not expropriated and some managers remained in charge As a result the cost was huge, of the order of 8% of GDP For ... price aggregates the decentralized information of investors about the quality of the bank’s assets 12 Therefore, we assume that the resale value of the bank’s assets depends on R However, banks ... not actually closed, but they lost the case Bank managers and directors were almost systematically replaced and as a result the cost of the crisis was much smaller, less than 3% of GDP 1.6 The Future...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 3 pptx
... of the liquidity ratio m and the solvency (E/I) of the bank, of the critical withdrawal probability γ, and of ¯ the expected return on the bank’s assets R (ii) R ∗ is an increasing function of ... well as the profit rates of the bankers in different states of the world, as a function of E (the equity of the bank) and the parameters characterizing investment returns and bankers’ actions The object ... the costs of efforts e0 and e1 are small and if δ (the increase in the probability of success) and ∆β (the reduction in the probability of solvency) are large In this case, the optimal allocation...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 4 doc
... two effects: it raises the issue of the feasibility of the efficient allocation in the presence of an interbank market; and it limits the role of the CB to situations in which the interbank market ... for the collateral, relieving the FED of the risk of falling collateral value.” Of course, the risk is shifted onto the DIF 20 In the Eurosystem all credit operations by the European System of ... discussion of the issue and a model of the IMF’s preferred creditor status to mitigate financial crises 24 Memorandum of Understanding between HM Treasury, the Bank of England, and the FSA (Available...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 5 ppsx
... ρ2 + ρ21 The harder the liquidity shock hitting bank 1, the lower the value of the interbank loan and the higher the overall liquidity shock of bank While the qualitative features of the implementation ... monitor One of the key issues addressed in this paper is whether the rescue of the lending bank operates through a bailout of the borrowing bank, a move that we take to be the hallmark of the TBTF ... between the banks and the DIF on the one hand, and pure public supervision on the other hand Proposition 4.3 A purely private organization of the banking sector leads to too many closures in the...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 7 ppsx
... crisis, the Mexican, Asian, and Russian crises, and the crisis of the Long Term Capital Management hedge fund have all shown the importance of the intervention of the central banks and of the international ... monitor each other 7.3 Resiliency and Market Discipline in the Interbank System In the next two sections we tackle the issue of the impact of the insolvency of one bank on the rest of the system ... structured and what should be the role of the lender of last resort (LLR) A good illustration of the wedge between theory and reality is provided by the deposits shift that followed the distress of Bank...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 8 potx
... and Gale However, the focus of the two papers is different Allen and Gale are concerned with the stability of the system with respect to liquidity shocks arising from the random number of consumers ... uncertainty and we focus on the implications of the insolvency of one bank in terms of market discipline and the stability of the system In particular in proposition 7.4 we show how the structure of interbank ... another location have the natural interpretation of demand of goods of other countries, i.e., import demand Goods of the other country can be purchased through currency (like in autarky in the...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 9 pps
... critical assessment of the academic literature on the three pillars, and argue that none of the existing models allows for a satisfactory integration of these pillars We therefore develop in ... Literature Most of the academic literature on Basel I concentrates on the credit crunch of the early 1990s and on the distortions of banks’ asset allocation generated by the wedge between the market ... similar to the conflict of interest between bondholders and shareholders of undercapitalized firms Figure 9.2 represents the typical pattern of the value of the bank’s equity E, as a function of the value...
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Why Are there So Many Banking Crises? The Politics and Policy of Bank Regulation phần 10 docx
... level of risk chosen by the bank Then they examine the complementarity between two policy instruments of bank regulators: the level of capital requirements and the intensity of supervision In the ... threat of regulatory closure Milne and Whalley study the interaction between two regulatory instruments: the intensity of costly auditing and the level of capital requirements They also allow for the ... on two strands of the literature: • Corporate finance models like those of Leland and Toft (1996) and Ericsson (2000) that analyze the impact of debt maturity on asset substitution and firm value...
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báo cáo khoa học: " Trends in beliefs about the harmfulness and use of stop-smoking medications and smokeless tobacco products among cigarettes smokers: Findings from the ITC four-country survey" pdf
... in the design of the study and the interpretation of the results All authors participated in revising the manuscript, and read and approved the final manuscript 19 20 Competing interests The ... RB conceived of the study, drafted parts of the original draft and supervised all aspects JC conducted the statistical analysis and drafted sections of the manuscript RB, AM, RO’C, and KMC participated ... in all countries) Overall, there were low correlations, all in the expected direction, between each of the beliefs suggesting some inconsistency in respondents’ knowledge about the safety of...
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rochet - why are there so many banking crises; the politics and policy of bank regulation (2007)
... support to all of the banks was provided, but the stockholders of the banks were not expropriated and some managers remained in charge As a result the cost was huge, of the order of 8% of GDP For ... the universality of the problem These crises have renewed interest of economic research about two questions: the causes of fragility of banks and the possible ways to remedy this fragility, and ... average the fiscal cost of each of these recent banking crises was of the order of 12% of the country’s GDP but exceeded 40% in some of the most recent episodes in Argentina, Indonesia, Korea, and...
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On the quality and price of data
... price of the query should reflect the quality of the query result The quality of the query result is affected by (1) the amount of the data items needed to answer the query and (2) the quality of the ... should reflect the quality of the query result The quality of the query result is affected by (1) the amount of the data items needed to answer the query and (2) the quality of the data items ... scheme based on the concept of “versioning”, we have to study the relationship between quality and price of data The concept of versioning (“degrade the quality of the product offered to the consumers...
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SOME SOLUTIONS TO TEACHERS OF ENGLISH IN IMPROVING THE QUALITY AND EFFECTIVENESS OF TEACHING SPEAKING SKILLS TO THE FIRST YEAR NON MAJOR STUDENTS OF ENGLISH AT COLLEGE OF SCIENCES, THAI NGUYEN UNIVERS
... example, the action of kicking a ball around in the schoolyard is just a play Only when we add rules about how and where to kick the ball and when footballers try to get the ball into the other side’ ... objectives, the scope, methods and design of the study Chapter two is to deal with the review of related literature and studies, the general overall identification of the area of the study Next, ... English accounted for 22% of the students The group taking up the smallest number was the one of 11% of the students who has experience of 1-3 years of learning English The remaining group Ketnooi.com...
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Tài liệu Báo cáo khoa học: "The Structure and Process of Talking About Doing" pdf
... our model of the role of point of view in problem solving SUMMARY We have reported here a three pronged approach to the study of problem solving action and report: I) the collected of data on ... problem solving and talk about problem solving, 2) development of a process model of these behaviors, and 3) use of coding techniques to extract traces of "critical phenomena" from the transcripts ... evaluating the model So far, we have focussed our efforts on two types of problem solving phenomena: the changes in the problem solver's organization of the problem ("point of view"), and systematic...
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belief about the self a defense of the property theory of content jul 2008
... since there is only one necessary truth (the set of all possible worlds) on the present conception of propositions, if you believe one of them you thereby believe them all. 3 The notion of a singular ... conceptions of propositions With respect to the problem at the heart of this book, the differences among these conceptions not really matter, and so I shall of cially be uncommitted about the debate However, ... attributing to all of them? The question incorporates a kind of presupposition It assumes that what we say of the people is true only if there is something that all of them believe The view to be...
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passionate engines what emotions reveal about the mind and artificial intelligence dec 2001
... of the empirical evidence for the hierarchical view of mind that is one of the primary themes of the book Second, the implications of the failure of cognitivism about emotion for the theory of ... call all and only the emotions that are pancultural and that fall under the affect program theory the basic emotions But there remains disagreement about what these emotions are Ekman and others ... other except in as much as they are all core concerns of the philosophy of mind I chose these because they are topics in the philosophy of mind about which, I believe, our understanding of the...
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Báo cáo hóa học: "Validation of the nausea and vomiting of pregnancy specific health related quality of life questionnaire" pot
... to conception and design of the study, analysis and interpretation of data, and drafting of the article Each author revised critically the manuscript and provided final approval of the version ... Health and Quality of Life Outcomes 2008, 6:32 tioning [7], and on stress levels [8] In addition, the presence and severity of NVP have been shown to have an impact on the quality of life (QOL) of ... (none of the time) to (all of the time) The total NVPQOL score can be obtained by summing the 30 items (20th item reversed) and ranges between 30 and 210 Lower scores correspond to better QOL The...
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Tìm thêm: xác định các mục tiêu của chương trình xác định các nguyên tắc biên soạn khảo sát các chuẩn giảng dạy tiếng nhật từ góc độ lí thuyết và thực tiễn khảo sát chương trình đào tạo gắn với các giáo trình cụ thể tiến hành xây dựng chương trình đào tạo dành cho đối tượng không chuyên ngữ tại việt nam điều tra đối với đối tượng giảng viên và đối tượng quản lí khảo sát các chương trình đào tạo theo những bộ giáo trình tiêu biểu phát huy những thành tựu công nghệ mới nhất được áp dụng vào công tác dạy và học ngoại ngữ mở máy động cơ lồng sóc mở máy động cơ rôto dây quấn hệ số công suất cosp fi p2 đặc tuyến hiệu suất h fi p2 đặc tuyến tốc độ rôto n fi p2 đặc tuyến dòng điện stato i1 fi p2 động cơ điện không đồng bộ một pha thông tin liên lạc và các dịch vụ phần 3 giới thiệu nguyên liệu từ bảng 3 1 ta thấy ngoài hai thành phần chủ yếu và chiếm tỷ lệ cao nhất là tinh bột và cacbonhydrat trong hạt gạo tẻ còn chứa đường cellulose hemicellulose chỉ tiêu chất lượng theo chất lượng phẩm chất sản phẩm khô từ gạo của bộ y tế năm 2008 chỉ tiêu chất lượng 9 tr 25