... that SNR The false track performance at the SNR values of interest is shown in Table The false track performanceofthe PDAF-AI is clearly unacceptable below 12 dB For the dB case, the rate of ... linear Gaussian statistics, the synthetic measurement is formed using a weighted arithmetic mean and a Kalman filter can be used as the estimator The quantisation is an artificial process, and ... than the detection performance As Table shows, the H-PMHT was more than an order of magnitude faster than the particle filter, and more than two orders of magnitude faster than the grid-based algorithms...
... 'solicited' diaries as a data collection method A range of qualitative and quantitative analytic techniques are then applied to the analysis of such data (for a detailed description ofthe use of diaries ... undertook the interviews, analyzed the data, constructed the typology, and drafted the results PH participated in the analysis ofthe data through critical appraisal of individual narratives and in the ... narrative data set to supplement what the diaries recorded Primary analytic attention was paid to the field diaries as the prospective narrative data The result was a large data set (approximately...
... 'solicited' diaries as a data collection method A range of qualitative and quantitative analytic techniques are then applied to the analysis of such data (for a detailed description ofthe use of diaries ... undertook the interviews, analyzed the data, constructed the typology, and drafted the results PH participated in the analysis ofthe data through critical appraisal of individual narratives and in the ... narrative data set to supplement what the diaries recorded Primary analytic attention was paid to the field diaries as the prospective narrative data The result was a large data set (approximately...
... the equity to capital ratio instead ofthe capital to assets ratio because ofthe limited availability ofthe latter variable in the Bankscope database, in particular for banks from Argentina ... include these variables in the regression taking advantage ofthe availability of data at the bank level Thefinancial soundness variables included were capitalisation, liquidity and efficiency ratios ... Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania were above the 22% threshold Countries that are further southeast in Graph had larger negative values ofthe financialpressures-adjusted...
... provide an appropriate multilateral regulatory framework for the management ofthe economy at theglobal level exacerbated in the wake ofthe great recession of 2007–9 At the time ofthe GFC, the ... 67 Financial Regionalism after theGlobalFinancial Crisis: Regionalist Impulses and National Strategies William W Grimes 88 Regaining Control? Capital Controls and theGlobalFinancialCrisis ... the politics ofglobal finance and theories ofglobal governance He is the author ofThe New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness (2005) Graham...
... Indeed, the popular term financialcrisis takes this assumption as a given 34 TCDN There are Limitations to the EMH as a Theory ofFinancial Markets The problems originated in the real asset markets ... : The January Effect 50 TCDN Anomalies, Behavioral Finance, and the Future ofMarket Efficiency” No theory can explain all the data it is asked to explain: there are always anomalies What ... EMH as a Theory ofFinancial Markets The EMH has many obvious limitations = >The most important of these limitations stems from the fact that EMH is a “pure exchange” model of information in markets...
... financialmarket regulation—in the US, the UK and increasingly across the world—has been that financial markets are capable of being both efficient and rational and that a key goal offinancialmarket ... are rationalizations ofthe anomalies of others If all theories are abstractions and all theories have anomalies, but behavioral finance has no anomalies the implication is that it is not a theory ... theFinancialCrisis There are Limitations to the EMH as a Theory ofFinancial Markets An almost exclusive focus on the demand side is perhaps the single biggest weakness of “modern” financial...
... Blame?” These are but a handful ofthe many accusations that have been heaped on the EMH The GlobalFinancialCrisis and the Efficient Market Hypothesis I have argued in the past and will argue ... exchange” model of information in markets There are Limitations to the EMH as a Theory ofFinancial Markets The theory makes no statements whatsoever about the “supply side” ofthe information market: ... Limitations to the EMH as A Theory is Just a Theory a Theory ofFinancial Markets The real world is There are limitations to tests of complex the EMH A Theory is Just a Theory No theory can or...
... UK and increasingly across the world—has been that financial markets are capable of being both efficient and rational and that a key goal offinancialmarket regulation is to remove the impediments ... None ofthe above is meant to detract from the contribution of behavioral financial research, which has widened our knowledge of how financial markets behave and has demonstrated major holes in the ... greater abstractions They are ways of implementing the basic ideas in a theory, using more detailed and more specific assumptions that adapt the theory for particular purposes They cannot and...
... dung lẫn thời gian (The Economics of Money, Banking and financial markets, 10th editon, Miskin) ** Hơn n a, tồn dự báo kiện thị trường phù hợp với công trình nghiên cứu Fama Benoit Mandelbrot gọi ... giả Eugene Fama)? Các nhà sử học dẫn chứng “Dutch Tulip mania” vào năm 1637 chứng bong bóng thị trường, kiện: “South Sea Company Buble” – 1720, “Railway mania” – 1840s, “Florida Land Buble” – ... hình thành (The Economics of Money, Banking and financial markets, 10th editon, Miskin)** Tôi tranh cãi, tiếp tục, EMH – lý thuyết hay khác – có hạn chế nó, tiếp tục nguồn lý thuyết quan trọng khác...
... financial management and control theories and approaches The situation also caused them skeptical about the growth ofthefinancial markets, the interaction among different market segments, and ... indespensable part seems the results ofthe company’s businees performance through its financial standards Through data ofthe analysed financial standards, we can clearly distinguish how its financial ... can be seen that the concepts ofa strategy are varied Yet, a strategy, from any angles and at any time, has some most typical features that reflect the nature ofthe business strategies of an...
... conditions in the run-up to thecrisis These are the yearly average rate of GDP growth, GDP GROWTH, and the MONEY MARKET RATES The use of pre -crisis averages for the explanatory variables ameliorates ... properly transformed around the mean ofthe explanatory variables to show the change in the probability of failure associated with a change in the explanatory variables, support the notion that banks ... convey the change in the probability of failure associated with a marginal change in the explanatory variables from their pre -crisis mean values The two target variables are the net stable funding...
... by 2011 The other large institutional change was the ascension oftheFinancial Stability Board, a group of central bankers and financial regulators, to take a lead role in coordinating and monitoring ... primary cause ofthe problems of AIG and other companies Theglobalfinancialcrisis has brought home an important point: the United States is still a major center ofthefinancial world Regional ... Regional financial crises (such as the Asian financial crisis, Japan’s banking crisis, or the Latin American debt crisis) can occur without seriously infecting the rest oftheglobalfinancial system...
... by 2011 The other large institutional change was the ascension oftheFinancial Stability Board, a group of central bankers and financial regulators, to take a lead role in coordinating and monitoring ... primary cause ofthe problems of AIG and other companies Theglobalfinancialcrisis has brought home an important point: the United States is still a major center ofthefinancial world Regional ... Regional financial crises (such as the Asian financial crisis, Japan’s banking crisis, or the Latin American debt crisis) can occur without seriously infecting the rest oftheglobalfinancial system...
... addressing globalfinancial issues.70 However, as thecrisis has played out and with rising approval ofthe Obama Administration abroad, it appears that U.S leadership still plays a central role According ... International Financial Organizations Thefinancialcrisis has brought international financial organizations and institutions into the spotlight These include the International Monetary Fund, theFinancial ... Congressional Research Service 17 TheGlobalFinancial Crisis: Analysis and Policy Implications terrorist targets in Pakistan, and the country faces a budget shortfall that may curtail the ability of the...
... sustained decline the close tracking ofthe equities markets in the United States, Japan, and the U.K provides further evidence oftheglobal nature of capital markets and the rapidity of international ... Since the Asian financial crisis, many Asian emerging market economies enacted a policy of foreign reserve accumulation as a form of self-insurance in case they once again faced a “sudden stop” of ... ISDA, Margin Survey 2008 Collateral calls have been a major factor in thefinancial difficulties of AIG insurance Congressional Research Service 35 TheGlobalFinancial Crisis: Analysis and Policy...
... retreat from thefinancial markets Brazil also has a sound and well-regulated banking system and experienced central bank leadership and staff that has helped maintain confidence in thefinancial ... recession than others The economies of Latin America and the Caribbean grew at an average annual rate of nearly 5.5% for the five years 2004-2008, lending credence to the once prominent idea that they ... Since the start ofthefinancial crisis, the European Union has taken a number of steps to improve supervision offinancial markets These actions include: • Strengthened the Committee of European...
... has demonstrated theglobal economic and financial linkages that tie national economies together in a way that may not have been imagined even a decade ago At the time, much ofthe substance of ... to the fiscal capacity ofthe central bank.200 As a result, a disruption in liquidity threatens the viability ofthe banks and overwhelms the ability ofthe central bank to act as the lender of ... swap lines Asian leaders have sought to start other regional discussions On October 22, a Japanese government official floated the idea ofa pan-Asian financial stability forum, modeled after the...
... major laws to change thefinancial system arose from the cauldron ofacrisis Senior officials have acknowledged that as thefinancial system begins to mend, a kind of political inertia sets in as ... powers mark an important shift in international macroeconomic policy The other big institutional change is the ascension oftheFinancial Stability Board (FSB), a group of central bankers and financial ... Research Service 94 TheGlobalFinancial Crisis: Analysis and Policy Implications he said he opposed bailouts of insurance companies like the American International Group, the automakers’ finance...
... especially cited the role of China in boosting global demand Philip Suttle, head ofglobal macroeconomic analyst at the Institute of International Finance, a trade group of large global banks, said ... grew at an annual rate of increase of 9.3% Croatia remains on track to post a deficit for the year as a whole of less than 4% of GDP, quite manageable in comparison to other economies ofthe region ... finance in Sub-Saharan Africa, according to the Business Day The China-Africa Development Congressional Research Service 106 TheGlobalFinancial Crisis: Analysis and Policy Implications Fund was...