OPTIMAL FINANCIAL CRISES BY FRANKLIN ALLEN AND DOUGLAS GALE doc

... r . 1. Optimal Financial Crises 1263 Optimal Financial Crises FRANKLIN ALLEN and DOUGLAS GALE* ABSTRACT Empirical evidence suggests that banking panics are related to the business cycle and are ... determined in the usual way. Optimal Financial Crises 1273 The United States took a different tack. Alexander Hamilton had been impressed by the example of the Bank...

Ngày tải lên: 29/03/2014, 18:20

... This precludes the type of strategic behaviour discussed by Morris (2000), Jackson and Yariv (2007) and Galeotti and Goyal (2009), whereby nodes can choose whether or not to adopt a particular ... the possibility of cycles in the generated network and thus encompasses all of the structures considered by Allen and Gale (2000). The Poisson random graph was chosen for simplicit...

Ngày tải lên: 17/02/2014, 21:20

... Warm greetings to you. My name is Kirk VandenBerghe, and I’ll be your guide as I interview Alana, who is conveyed by my partner and soul mate, Sandy Breckenridge. We are presenting a six-step ... well since Sandy and I discovered you back in 1992 by following these steps. You certainly did, dear one. Even though this affirmation appears simple, the intent is clear, concise...

Ngày tải lên: 15/12/2013, 05:15

... quadrants, and by criterion (12.25), all the points in a given quadrant must be represented in the least mean square sense by just one point; e.g., in the first quadrant where the angles between x and ... vectors w 1 and w 2 are arbitrary orthogonal vectors [327]. Denoting the angle between w 1 and the s 1 axis in Fig. 12.2 by  , we then have the minimal value of J (w 1  w 2 )...

Ngày tải lên: 23/12/2013, 07:19

... [15-21]. And different preparation methods have respective advantages in film quality and application. Besides optical and electrical properties, WO 3 crystalline structure has been studied by utilizing ... received one peak which is not sharp and corresponds to the vibration mode of WO 3 -H 2 O. The two other sit at 703 cm -1 and 678 cm -1 . And the best fit was get by c...

Ngày tải lên: 13/02/2014, 03:20

... the early 1980s and similarly to Fin- land, have remained consistently too low since 1999. In Switzerland and the US, rates were generally too low in the late 1980s and early 1990s and again from ... late 1990s and 2007, leading to the biggest bubble in history (The Economist, 2004). These overvaluations were especially strong in Norway and two euro area countries, Ireland and S...

Ngày tải lên: 17/02/2014, 03:20

... III (6/30) and 13.3% grade IV (4/30). The percentual distribution of IVH by birth weight and gestational age is show in figure 1 and 2, respectively. Fig. 1. Incidence of IVH by birth weight ... 2.2.5 Evolution and prognosis Cranial US and brain MRI may yield prognostic information in neonates and children with PVL. Infants with more extensive white matter injuries an...

Ngày tải lên: 19/02/2014, 22:20

... of ATP in cova- lent transformations of (a) Thr90 catalyzed by CDK1, (b) Cys R by autophosphorylation and (c) Cys P assisted by Srx, and noncova- lent interactions that drive the quaternary structure ... by reactive oxygen and nitrogen species. Trends Biochem Sci 27, 489–492. 3 Allen JF (1993) Control of gene expression by redox potential and the requirement for chloroplas...

Ngày tải lên: 07/03/2014, 00:20

... enhanced by overexpression of Smad3 and Smad4 proteins (3.4-fold) and to a lesser extent by overexpression of Smad2 and Smad4 proteins (2.3-fold), and this activity was stimulated further by simultaneous ... min, and GST–RBD was used to isolate GTP-loaded RhoA and RhoB from cell lysates. Both proteins were moni- tored by immunoblotting using anti-RhoA and anti- RhoB spec...

Ngày tải lên: 16/03/2014, 06:20