portfolio theory of international capital flows
International Capital Flows and Boom-Bust Cycles in the Asia Pacific Region +
... destination of foreign capital, which means that real economic activities in Singapore have little relationship to capital flows in and out of the country.18 The positive effect of capital inflows ... current account imbalances are often financed by capital account, and we would like to exclude such endogenous movements of capital flows from the shocks to capital flows. Second, we condition ... example, whether capital flows generate boom-bust cycles, and whether capital flows help explain the synchronization of the business cycles in the Asian countries. Capital flows, especially...
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Theory of rapid granular flows Isaac Goldhirsch
... number of collisions per particle (a measure of time), given byτ ≡t0T1/2(t)dt.The use of this measure of time renders the equations of motion linear.The three eigenvalues of this ... of the linearised Boltzmann equation, at each order in theexpansion. Since the solution of equations of the type of Eq. (12.22) is determinedup to the addition of an arbitrary combination of ... shearedsystem is of a much higher granular temperature than that expected on the basis of steady-state solutions of the corresponding hydrodynamic equations. In this case the 208 Theory of rapid granular...
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Modeling Barriers to International Capital Flows: A Multicountry Framework
... investment portfolio (OIP). This diversified portfolio best represents a frictionless multinational portfolio. It is composed of national markets where barriers to international capital flows are ... used to identify the most significant barriers to international capital flows. These barriers are then submitted to the review of a sample of international investment experts operating in the ... common types of political risks are: o Expropriation of Assets: The government of the country where funds are invested confiscates the capital investment. o Repatriation of profits: U.S. investors...
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The Volatility of Capital Flows in South Africa: Some Empirical Observations
... how much, and what type of capital inflow to buy. Specifically, how can the central bank make use of prior knowledge relating to the volatility and persistence of capital flows? And how would ... between the various components of South Africa’s capital account. It suggests that long-term capital, which consists primarily of bank loans, is the only form of capital that is negatively correlated ... therefore, to purchase some or most of these inflows. ?? The evidence tentatively suggests that incoming FDI may be partially offset by long-term capital outflows, possibly reflecting cover operations...
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Cambridge.University.Press.The.Politics.of.Moral.Capital.Sep.2001.pdf
... not just of aparticular legal and political system, but of the nation state itself, of lawsas such, of whole bureaucratic structures, of whole social classes andentire categories of people ... free grant of moral capital which it is theintention of this book to analyze. For moral capital to be a politicalphenomenon worthy of study, we must assume that people are capable of making ... ContentsAcknowledgmentspageviiiIntroduction1PartIMoralcapital51Moralcapitalandpolitics102Moralcapitalandleadership27PartIIMoralcapitalintimesofcrisis453AbrahamLincoln:thelong-purposedman504CharlesDeGaulle:themanofstorms83PartIIIMoralcapitalanddissidentpolitics1135NelsonMandela:themoralphenomenon1186AungSanSuuKyi:herfather’sdaughter147PartIVMoralcapitalandtheAmericanpresidency1737KennedyandAmericanvirtue1808Crisis2009Aftermath21810Denouement235Epilogue255Bibliography261Index270vii...
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The theory of financial intermediation: An essay on what it does (not) explain
... which are seen as a form of market imperfection. Themainstream theory of the firm evolved under the paradigm of the agency theory and the transaction costs theory as a theory of economic organizationrather ... amendment of the existing theory of financial intermediation.The structure of this paper is as follows. First, we introduce the foundations of the modern literature of financial intermediation theory. ... review the doctrines of the theory of financial intermediation.2Theseare specifications, relevant to the financial services industry, of the agency theory, and the theory of imperfect or asymmetric...
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Circuit theory of finance and the role of incentives in financial sector reform
... the capital ratios of theindividual banks) and should be revised gradually to avoid big distortions of credit flows toparticular sectors. As in the case of financial restraints, growth and portfolio ... the basis of the riskstructure of their portfolios. Of course, using capital ratios as a supervisory device for monitoringand enforcing appropriate risk management requires that capital be ... same portfolio: if the asset pricesshow negative correlations, the capital necessary to back the overall portfolio exposure againstthe risk of counterparty default is less than the sum of the capital...
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Capital Flows to Emerging Market Economies
... Components of Capital Flows Since our last update on capital flows to emerging market economies at the end of March, we have revised our projection for net private capital flows in 2005 ... advantage of low spreads to prefinance obligations due in 2006. Portfolio equity flows are also more robust than previously expected. Key features of the main categories of net private capital flows ... accounting for one-third of net flows. ” The Institute of International Finance, Inc. Capital Flows to Emerging Market Economies Page 17 September 24, 2005 over only 80 percent of its external...
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Hydraulic modeling of open channel flows over an arbitrary 3-d surface and its applications in amenity hydraulic engineering
... profile analysis of open channel flows over a circular surface. Journal of Applied Mechanics, JSCE, Vol. 8, pp 847-854, 2005. 5. Anh T. N. and Hosoda T.: Free surface profile analysis of flows ... PROFILE ANALYSIS OF FLOWS OVER CIRCULAR SURFACE 66 6.1 Preliminary 66 6.2. Hydraulic experiment 67 6.3 Steady analysis of water surface profile 74 6.4 Unsteady characteristics of the flows ... plot of water surface in 2D simulation of Exp-1 …………….95 Figure 6.35 Carpet plot of water surface in 2D simulation of Exp-2…………… 95 Figure 6.36 Carpet plot of water surface in 2D simulation of...
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A comparative study of discourse structures and some major linguistic features of international declarations and international conventions on human rights part 2
... RIGHTS IN COMPARISON WITH THOSE OF THE INTERNATIONAL DECLARATION4.1 Definition of an International Convention 204.2 Purposes and typical legal characteristics of the International Convention on ... LINGUISTIC FEATURES OF THE INTERNATIONAL DECLARATION ON HUMAN RIGHTS3.1 Definition of an International Declaration 103.2 Purposes and typical legal characteristics of the International 10Declaration ... Structure 34* Typical structure of an International Declaration on Human Rights 37* Typical structure of an International Convention on Human Rights 38* Sources of data 39* References 40* ANNEX...
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A comparative study of discourse structures and some major linguistic features of international declarations and international conventions on human rights part 3
... witness thereof" appears in most Endings of Conventions. This old form might internationally be a source of confusion because of the meaning of the word "witness". People often blame ... diagrams of typical structures of the International Declaration and the International Convention on Human Rights are drawn at the end of the paper for readers to have an overall look on. Two of the ... the signature of the Members of the Council of Europe. It shall be ratified. Ratifications shall be deposited with the Secretary-General of the Council of Europe. (Articles 59.1 of European Convention...
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A comparative study of discourse structures and some major linguistic features of international declarations and international conventions on human rights part 4
... Taking due account of the importance of the traditions and cultural values of each people for the protection and harmonious development of the child, Recognizing the importance of international ... in the spirit of international cooperation, the exchange of appropriate information in the field of preventive health care and of medical, psychological and functional treatment of disabled children, ... largest number of votes and an absolute majority of the votes of the representatives of States Parties present and voting. 6. The members of the Committee shall be elected for a term of four years....
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Theory of stochastic local area channel modeling for wireless communications
... domain, X(f )issimplyacopyofthespectrum˜X(f) shifted to a center frequency of f =+fcand a mirror copy of ˜X(f)shiftedto a center frequency of f = −fc.The operation of modulation can be defined ... coherence if the magnitude of the carrier wave does notchange over a spatial displacement of the receiver. Once again, we express the condition of spatial coherence in terms of the static narrowband ... The theory is applicable to any type of wireless data transmission, regardless of bandwidth, carrier frequency, or environment of operation.The final chapters of the dissertation deal with applied...
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Overview of International Tests
... correct use of grammar and vocabularyCompleteness and accuracy of content(for integrated task) Integration of Skills & Tasks What are integrated tasks?Questions that require use of more ... Rating of WritingSent to ETS’s Online Scoring NetworkScored by 2 different human ratersEach task scored on scale of 0-5Evaluation criteriaQuality of writingorganization, ... connection of ideas in the text IELTS Reading60 minutes3 or 4 reading passages of increasing difficulty40 questionsAnswers written on Answer SheetReading texts of 2000-2800...
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