the demographic determinants of savings investment and international capital flows

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... enterprises The risks run by banks on their credits to enterprises will depend, on the one hand, on the development of the outstanding amounts of these credits on the assets side of the balance sheet and, on ... on the banks for their financing, and therefore the accounting data of credit institutions give a very good indication of the development of the liabilities of individuals. On the other hand, ... system. 2. Theoretical outline of the determinants of financial crises Problems of a systemic nature, which can affect the whole of the banking sector, have been the subject of various theoretical...

Ngày tải lên: 24/10/2012, 09:11

... that the effects of CAP shocks on CUR and RGDP are invariant to the ordering between CUR and RGDP. On the other hand, capital flows might affect CUR and RGDP within a quarter, and the CUR and ... 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 after the ... increase in the real GDP may attract more capital, and improve the capital account. We exclude the endogenous movements of capital flows due to the real GDP changes from the shocks to capital flows...

Ngày tải lên: 24/10/2012, 09:27

... form reflect the rule -of- law value of the accessibility of law. The norms that handle cases of failed law reflect both the rule -of- law value of accessibility and the more substantive value of consistent ... as to ban the cute and gentle panda?”) A and B did not clarify whether pandas were within the rule before voting. The results of this disagreement are these. The rule “no bears” admits of two relevant ... infelicities. And it is always possible that 24 Of course, if there were no fact of the matter regarding the level of generality of the authorities’ intentions, there might well not be a fact of the matter...

Ngày tải lên: 01/11/2013, 08:20

... nullius – as if they had no biological fathers. With no link between fathers and fetuses, no inheritance of harm could be attributed to the father’s use of drugs. The absence of fathers in debates ... the symbols of the ‘crack baby’, ‘pregnant addict’ and ‘absent father’ emerged at the center of debate over fetal hazards. (A more detailed analysis of the social and political construction of ... media coverage of the issue, and since news stories began suggesting the relation on fetal health of the combined eVects of poverty, addiction and exposures to workplace and environmental toxins. The precise...

Ngày tải lên: 01/11/2013, 08:20

... features of the growth in sales and earnings: the rate of growth and the stability of the growth. Conscious Investor provides proprietary tools to measure both of these for thousands of companies. ... of let’s sit back and hope for the best. F Then there are others who deliberately do not want to know anything about the activities of the company. They want to study the “pure” movement of ... is to hold shares for the rest of his life, when the profit is there, and the share price has outpaced the value of the underlying business, then he sometimes takes it. The exciting thing about...

Ngày tải lên: 09/12/2013, 20:15

... the schedule of the marginal efficiency of capital and the complex of rates of interest on loans of various maturities and risks. Thus, given the propensity to consume and the rate of new investment, ... cost of the employment in question [1] . The excess of the value of the resulting output over the sum of its factor cost and its user cost is the profit or, as we shall call it, the income of the ... AND THE MULTIPLIER Book IV: The Inducement to Invest 11. THE MARGINAL EFFICIENCY OF CAPITAL 12. THE STATE OF LONG-TERM EXPECTATION 13. THE GENERAL THEORY OF THE RATE OF INTEREST 14. THE...

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Ngày tải lên: 31/12/2013, 23:30

... on the amount of various kinds of support that society must provide, the costs of retirement and disability programs depend on the benefits they provide and the number of people who receive them. ... women experience the death of their husband and end their lives as widows. Some 75 percent of men aged 65 and older but only 41 percent of such women are married and live with their spouse. Among ... as theo- ries should. It implies that between the mid-1800s and the present day, birth cohorts changed substantially in their stock of health capital at birth and in the rate of depreciation of...

Ngày tải lên: 14/02/2014, 07:20

... intensity of sewage overflows and sewage treatment bypasses. The EPA’s Office of Research and Development is currently assessing the potential impacts of climate change on the frequency and size of ... is predicted to further increase the intensity of rainfall events for parts of the United States. 156 What might be the impact of climate change on sewer overflows and the related health effects? ... of the workforce engaged in inspections and support of enforcement actions at the start of the administration. 26 So far, Congress has rejected these proposals, and should resist any further...

Ngày tải lên: 17/02/2014, 10:20

... In the absence of MgCl 2 , the affinity of Fpg for the THF:C ligand was 1.6-fold higher than for the THF:A ligand. The presence of Mg 2+ had little effect on the binding of Fpg to the THF:C ligand and ... independently evaluate the effects of ionic strength and Mg 2+ on the activity and specificity of OGG1, we measured the apparent values of k 2 and k 3 under conditions of low salt (KP i only) and no Mg 2+ , low ... determination The reaction mixtures were as in the standard assay, except that the components specified in the Results were added, and the concentrations of the substrate and enzyme varied as required for the...

Ngày tải lên: 18/02/2014, 18:20

... defining the substrate-binding pocket of the a subunit, AtdA3, and applied saturation mutagenesis to these residues to probe the molecular determinants of the activity and specificity of the enzyme. ... reported which of the five genes control the substrate specificity of the AtdA enzyme. The objective of this study was to identify and probe the residues determining the activity as well as the sub- strate ... incorporated by AtdA into the 1 and 2 positions of the aniline aro- matic ring to form a diol, and the amino group then leaves the ring spontaneously, or with the aid of AtdA1 and AtdA2, as suggested...

Ngày tải lên: 19/02/2014, 02:20

... to a half-life of dissociation of 36–105 min [15]. The oxidation of elafin and trappin down-shifts the half-life of there complexes with NE to % 1.3– 1.8 min. On the other hand, the oxidized inhibitor–Pr3 complexes ... binding of the methionine sulfoxide residue at the S 1 Â subsite of the active centers of NE and Pr3. The fact that the S 1 Â subsite of Pr3 is significantly smaller than that of NE [21] might then explain ... oxida- tion of M51 and M89 of M25L elafin and M63L trap- pin, respectively. On the other hand, oxidation of M25L elafin and M63L trappin did not significantly affect their K i for NE (Table 2). We therefore...

Ngày tải lên: 19/02/2014, 07:20

... cross-validation into training and test subsets with the ratio of 9:1 we randomly split the data into training, validation and test sets with the ratio of 8:1:1. We then run our experiments and measured contingency ... Another way of classifying ap- proaches is based on the learning aspect during the construction of the morphological model. If the data for training the model has the same struc- ture as the ... makes them either supervised or unsupervised algorithms. The purpose of this paper is an analysis of the underlying probabilistic models and the types of errors committed by each one. Furthermore,...

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Ngày tải lên: 21/02/2014, 13:20

... and about the hearth the whole of the servants, men and women, stood huddled together like a ock of sheep. At the sight of Mr. Utterson, the housemaid broke into hysteri- cal whimpering; and ... sir, the two ran into one another naturally enough at the corner; and then came the horrible part of the thing; for the man trampled calmly over the, child’s body and le her screaming on the ... B. ing themselves along the railing. Poole, who had kept all the way a pace or two ahead, now pulled up in the middle of the pavement, and in spite of the biting weather, took o his hat and...

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Ngày tải lên: 06/03/2014, 10:20