the quoted bid ask spread unadjusted series

... trade at the ask after a trade at the bid because the second sequence is more likely 1024 The Components of the Bid- Ask Spread than the first The values in Table for this case are the same as the estimates ... the Bid- Ask Spread 1023 The Review of Financial Studies / v 10 n 1997 A) If the prior trade at the bid was medium, the upward adjustment is 0.7197, and if the prior trade at the bid was small, the ... less than the posted spread, which is the case in the data we analyze If trades occur only at the posted bid or the posted ask, S is the posted spread The estimated S is greater than the observed...

Ngày tải lên: 31/10/2014, 13:08

... Rutherford2, 1996 they feel their savings are secure they feel they can get access to their savings (as withdrawals or as loans) they have the opportunity to save often and easily they see the ... Savings Services Amongst the Poor 1.1 Money Managers: The Poor and Their Savings – Stuart Rutherford This note, based on the seminal The Poor and Their Money” discusses the savings needs of poor ... lose their savings in the absence of any formal source It reviews the savings mechanisms adopted by the poor some of which, in the case of the formal sector, are not in line with their needs The...

Ngày tải lên: 06/03/2014, 10:20

... Interactive Module The PROMETHEE VI Sensitivity Tool (The “Human Brain”) PROMETHEE V: MCDA under Constraints The PROMETHEE GDSS Procedure The DECISION LAB Software References Other Outranking Approaches ... 15.1 15.2 15.3 The supermatrix The limit supermatrix The unweighted supermatrix (continued) The cluster matrix The weighted supermatrix (continued) The synthesized results for the alternatives ... quantities or qualities present in the problem Source the conditions for implementing the decision taken; these will be influenced by: The state of the context at the time the decision is implemented...

Ngày tải lên: 01/06/2014, 09:58

... Plaps, but was defeated by The F100 needs a lot more TLC than the J79 ’ I asked several certified F-15 drivers, and they were all mystified I called the 527th TFTS, then the European Aggressor ... achieved by a progressive phase-shift from one side of the antenna to the other (or from bottom to top), the greater the shift the larger the steering angle θ Normally slight upward tilt deflects ... to be included In the 1970s the AAH (Advanced Attack Helicopter) meant the AH-64 Apache This is a particular type of helicopter, so it had no place in these pages However, over the years AAH has...

Ngày tải lên: 27/06/2014, 05:20

... in another way, they want to use the “L word”1, and rather sensibly they want to know what they and others understand it to mean These are good questions and it is a good time to ask them The word ... sharing in the effort to alleviate poverty in the lives of people who live along the Mekong and its tributaries As they begin to characterize their new role and express their mission to others, they ... the water course The stated objective of dam developers, both the builders and the funders, might be to promote the development of the villagers Yet the dam, in the eyes of the villagers, may...

Ngày tải lên: 07/07/2014, 02:20

... in another way, they want to use the “L word”1, and rather sensibly they want to know what they and others understand it to mean These are good questions and it is a good time to ask them The word ... sharing in the effort to alleviate poverty in the lives of people who live along the Mekong and its tributaries As they begin to characterize their new role and express their mission to others, they ... the water course The stated objective of dam developers, both the builders and the funders, might be to promote the development of the villagers Yet the dam, in the eyes of the villagers, may...

Ngày tải lên: 07/07/2014, 02:20

Ngày tải lên: 27/07/2014, 17:20

... stirred the soil as far as the diagnostic Bs-horizon The complete spreading of former line windrows was done there for soil revitalization (Vavříček 2003) Before the windrow spreading started, the ... (%) 16 the windrow spreading, without further fertilization measures, from the trophic aspect they belong to the category of soils with a high reserve of total nitrogen (0.35–0.50% Nt) The quality ... tree species The proportion of humus substances is the most important factor in spread windrows from which the characteristics of the other parameters of soil are derived Along with the higher...

Ngày tải lên: 07/08/2014, 03:22

... postoperamarking the from the osteotomy for Patient 17, months the red line Sharp edge osteotomy of the posterior femoralthe graft, one crossing marking the osteotomy of the posterior femoral condyle, the ... in the compartments not treated by the index procedure The subchondral bone was healthy in 14 patients, but two participants had small bone cysts – one ventral of the graft and the other at the ... osteochondral lesion The left image shows the lesion in a sagittal view, eliciting the cartilesion lage damage and the subchondral sclerosis The right image shows shows the extension of the bone defect...

Ngày tải lên: 09/08/2014, 10:23

... with on the ankle, on the dorsum of the foot, on the digit and located in the nail bed (with in the hallux and in the fifth toe nail bed) One lesion site was stated simply as being on the "foot" ... 1) Nineteen of the lesions were reported on the right foot and eight on the left All male patients exhibited ALM on their right foot only The majority of lesions were located on the plantar surface ... Interestingly, despite the wide ethnic diversity of the local area, a high proportion of this cohort were white (69%) Despite the wide spread of ages (35 – 96), the average age of the patient in this...

Ngày tải lên: 10/08/2014, 21:23

... attempt to avoid mechanical ventilation in the context of scarce ICU resources Our case series may be the only report on the use of intravenous Mg therapy in the European Union, where tetanus is Page ... trial Competing interests The authors declare that they have no competing interests Authors' contributions MK introduced Mg therapy for tetanus in the ICU and wrote the manuscript DV provided ... edited the manuscript KF directed patient care and edited the manuscript All authors read and approved the final manuscript Acknowledgements We want to thank the nursing and ancillary staff of the...

Ngày tải lên: 11/08/2014, 12:20

... in the outer quadrants of her right breast that extended to the nipple-areolar complex and to the homolateral axillary region and arm (Figure 3) The lesion infiltrates the nerve itself and the ... subgroups The mechanisms by which mutations of the NF1 gene produce these phenotypic effects are unknown, but understanding how they so may provide an important clue to the pathogenesis of the more ... specimens of the lesions on the nipple-areolar complexes were obtained Figure Case The extensive congenital plexiform neurofibroma involved the outer quadrants of her right breast and extends to the nipple-areolar...

Ngày tải lên: 11/08/2014, 14:21

... embolisation Further prospective studies are needed to confirm the safety and the reproducibility of such a therapeutic approach; this approach may also be influenced by the use of the multi detector ... http://respiratory-research.com/content/8/1/11 the consequences of bleeding; (iii) and the presence of associated severe cardiovascular and pulmonary comorbidities The cumulated amount of bleeding on admission was assessed from the onset ... whatever the therapeutic option used Rebleeding was defined as the persistence and/or the recurrence of bleeding after treatment Early-onset rebleeding was defined as occurring within the first...

Ngày tải lên: 12/08/2014, 15:20

... in the posterior aspect of the shoulder over the scapula Nothing relieved the pain, while arm elevation, driving, prolonged sitting behind the computer and poor posture made the pain worse The ... tenomuscular junction of the infraspinatus muscle, the coracoacromial ligament (postero-inferior aspect) and the insertion of the supraspinatus on the greater tuberosity of the humerus The friction massage ... to the epidermal layer of skin, and further into the stratum corneum The medication used to treat the subjects was a topical corticosteroid – Sigmacort 1% This approach combined with the therapeutic...

Ngày tải lên: 13/08/2014, 13:22

... The level is the core benefit: the service or benefit the customer is really buying - At the second level, the marketer must turn the core benefit into a basic product - At the third level, the ... place at the right time and under the right circumstances"[13] Positioning is therefore a perception that builds up in the minds of the target market It is the aggregate perception the market ... “Marketing is the distinguishing, the unique function of the business It encompasses the entire business It is the whole business seen from the point of view of its final result that is from the customer's...

Ngày tải lên: 19/05/2015, 15:57

Ngày tải lên: 25/12/2015, 17:18

... happens in case they get divorced; they feel their love in their very souls and in the chemistry between them, but now they must enter into a business contract Their intellect tells them a prenup ... and other liquor, the boys partied late into the night When the state police caught up with them, they were arrested and prosecuted for trespassing The sergeant in charge was struck by the irreverence ... favorite theme of mine, and a canonical concern for law and society scholarship: the gap between the law-on -the- books and the law-in-action Noting that the law as it is written and advertised to the...

Ngày tải lên: 13/10/2016, 11:14

... to the selection of the smoothness parameter in the HodrickPrescott filter (Gordon, 1997) The volatility of the NAIRU is determined by the signal-tonoise ratio: σ /σ The larger the ratio, the ... critical values, the null hypothesis is soundly rejected for all the countries in the sample except for Denmark (rejected at the 5% level) Therefore, the results confirm that the change in inflation ... the unemployed based on the length of their unemployment spell These weights are a measure of the impact that the unemployed have on prices This deviates from the standard practice of using the...

Ngày tải lên: 24/10/2012, 09:11

... back by then.” They went the rest of the way in silence He watched her carefully as they rode back toward the ranch house As they drew closer, Jerry saw his guard standing outside of the barn ... cape The room was large and had dirt floors, at the far end stood a platform where thirteen others looked down at them They walked up and bowed to the three in the center “What brings you to the ... into the pickup‟s driver seat while his guard glanced again at the barn and then crawled into the passenger seat They were soon driving away from the small Montana ranch as Sam watched them with...

Ngày tải lên: 06/11/2012, 14:12

... on the small table by the fire Emily fought against the lurch in her stomach at the thought of gravy, but it was too much and she turned back to the toilet “Emily?” She heard him run into the ... yacht?” “Yes, Sir.” “There‟s one docked to the south of the pier, take it and go into town immediately and get these When you get back, give them to Anna,” he demanded, and handed him the list before ... was pleased at the amount, he‟d rather have too much than not enough Anna looked toward the bathroom, “How is she, Sir?” He glanced at the door then back to Anna, “She‟s asleep on the floor.” Anna...

Ngày tải lên: 06/11/2012, 15:30