... fundamental bounds onthe potential gains due to coding forthe PAPR problem The analysis of an alternative metric instead of PAPR is the topic ofthe paper Onthe EVM Computation of Arbitrary Clipped ... combined with basis selection algorithm for PAPR reduction Similarly, in the multiuser MIMO OFDM uplink with DFT pre-coding, the joint problem of maximum throughput and PAPR reduction is tackled in the ... method to calculate the average distortion energy and it is general enough to capture other HPA models than the standard soft clipping model The EVM metric is used for evaluation in the paper “Power...
... effects oftheglobalfinancialcrisis in emerging market economies Some ofthe existing research analyses the effects of pre -crisis conditions onthe behaviour of credit To date, however, all of these ... Emerging Asia stands opposite to Latin America in terms of these indicators The Asian region is the least financially open among the regions considered, while it is the most open region regarding ... analysis, the performance of a small number of macroeconomic variables before thecrisis was highly correlated withthe behaviour of real credit growth during thecrisis We therefore include one of...
... countries ofthe Organization for Economic Cooperation and Development (OECD), a contingency that was rather remote before thecrisis Around $1,000 billion, or only percent ofthe market capitalization ... capitalization ofthe New York Stock Exchange at the end of 2006 ($25,000 billion), according to the November 2008 estimates ofthe International Monetary Fund (IMF) Lessons fromtheCrisis • 13 risks, with ... analysis ofthe regulation of network industries Lessons fromtheCrisis • 39 navian approach was to take the banks under the wing ofthe state, recapitalize them,59 attempt to run them on essentially...
... capital controls Reforming theglobal monetary system The final section ofthe book includes two parallel contributions onthe reform ofthe international monetary system, particularly theglobal ... turmoil and response in the form of financial re-regulation The first was the creation ofthe national bank system in the 1860s, the second was the New Deal legislation ofthe 1930s, and the third is ... of economics at the Institute of Economics at the Federal University of Rio de Janeiro A former chairman ofthe National Association of Graduate Schools of Economics of Brazil, he has done consulting...
... international and domestic researches have been carried out onthe impacts oftheglobalfinancialcrisis to the economy of Vietnam, but few of them emphasize thelessonsfromtheglobalfinancialcrisis ... sector context to u s context leading to theglobalfinancialcrisis 97 Summary of Chapter 100 c HAPTER 3: LESSONS AND RECOMMENDATIONS 101 3.1 Lessonsfromtheglobalfinancial ... thesis The thesis contributes some lessonsfromthe current globalfinancialcrisis to the banking industry o f the world in general and of Vietnam in particular Then it draw some recommendations...
... million or more to the Bundesbank on a quarterly basis The key provision is the limitation of a single large exposure to 25% ofthe liable capital forthe banking book and 25% ofthe own fundsfor ... negative reputation effects forthe bank Withthelessonsfrom earlier banking crises suggesting the importance of recapitalization of assetcleansed banks, the limited use ofthe government’s ... maintaining the stability ofthe banking system, the underlying causes ofthecrisis need to be understood in order to draw lessonsfor reform The evidence points to the importance of three connected...
... relevance ofthe principle, especially in view ofthe fact there was a high degree of concentration among the firms conducting the underwriting function (i.e commissioning and paying for ratings) ... concerns by some market participants about the quality of information reaching the board, especially in situations where the chairman and the CEO are the same Lack of timely information forthe ... GOVERNANCE LESSONSFROMTHEFINANCIALCRISIS employees’ performance targets to recognise the fact that their activities are putting more capital at risk, but they are the exception rather than the rule...
... severely affected by theglobalfinancialcrisis Series are yearly, spanning 2001–09 Therefore, we are able to capture the evolution of bank financial conditions in the run up to thecrisis (2001–07) ... declining trend in the pre -crisis period, which reverts from 2007 forthe Domestic banks, and from 2008 fortheGlobal banks In the latter group, there is a sudden drop at the peak ofthe crisis, followed ... Section III presents the dataset, discusses the criteria forthe partition ofthe sample, and describes some stylized facts onthe evolution of liquidity and leverage across groups of banks Section...
... around the world responded in different ways to thecrisis 1.1 Macroeconomics and thecrisisThe financial crisis has pushed the perennial questions of money and banking back to the fore of macroeconomic ... channels within the context of simple equilibria for money and spending equations in the economy The discussion of a special role for financial intermediation leads us to reconsider the relevance of ... existence of a rational expectations equilibrium is independent ofthe quantity of base money, the composition ofthe central bank balance sheet and the composition ofthe government’s non-monetary...
... CAUSES AND CONSEQUENCES OFTHEFINANCIALCRISISThe second section moves to consider more proximate causes ofthecrisis and to evaluate the emerging consequences ofthecrisisfor our economy and ... Crisisfor our Economic System International Dimensions oftheFinancialCrisisFinancial Solutions and Our Economic Future OVERVIEW OFTHECRISISThe discussion in this first section takes the broadest ... section analyze the long-term economic implications ofthecrisis But beyond that evaluation, other articles point the way forward to responses and possible solutions So often, efforts to respond...
... affords us the opportunity to track the influence ofthe near-collapse of a banking system on a large segment ofthe economy The data also enable us to conduct a controlled test ofthe direction ... unconfirmed rumors offinancial problems The second variable, CRISIS LENGTH, is the logarithm ofthe number of days between the date of a particular distress announcement and the date ofthe ... relationship when it drops a bank fromthe list or replaces one bank with another Information on bank relationships comes from Kierulf’s Handbook, the total number of firms listed onthe OSE, and the...
... recognition ofthe clarity of certain messages, we have reproduced the text provided in the response The variation in the length ofthe various sections is a reflection ofthe number of questions ... focused on tax issues rather than on a true and fair view ofthefinancial statements 1 ROLE OFTHE AUDITOR The Profession Professional bodies and associations linked to the profession The majority ... firms' financial information available to the public Among other things, financial information, including information on legal claims, should help to evaluate the soundness ofthefinancial position...
... the formation of consortia could play a significant role In the instance ofthe demise of one ofthe consortium members, 37 38 EN Press release POB PN 60 ofthe Audit Inspection Unit oftheFinancial ... practices, the Commission could consider introducing the mandatory formation of an audit firm consortium withthe inclusion of at least one non-systemic audit firm forthe audits of large companies ... background, the Commission would like to open a debate onthe role ofthe auditor, the governance and the independence of audit firms, the supervision of auditors, the configuration ofthe audit...
... economic conditions The main reasons given during the years prior to thecrisisfor this subdued role offinancial factors on macroeconomic conditions were the decline in the volatility ofthe ... the period ofthefinancialcrisis This is done by running a crisis dummy (C), which takes the value offromthe third quarter of 2007 to the fourth quarter of 2009 and zero elsewhere, withthe ... together withthe existing empirical evidence Section revisits the bank lending channel in the light ofthe recent crisis After a description ofthe econometric model and the data in Section 4,...
... relationships, one-onone meetings are so critical they are worth a lesson of their own Why are one -on- one meetings so important? Two things happen in one -on- one conversations that don’t happen at ... people with whom they have a relationship People take action more when requested from people with whom they have a relationship Of course, the quality ofthe relationship matters too The deeper the ... recently met with an organization whose mission has very substantial overlap with another nonprofit Their response: strategically position themselves as the “bad cop” to the other organization acting...
... overview oftheglobal aspects ofthefinancial crisis, how it developed, proposals for regulatory change, and a review of how thecrisis is affecting other regions ofthe world The role for Congress ... cooperative relations with other nations and supporting a financial infrastructure that allows forthe smooth functioning ofthe international economy Reverberations fromthefinancial crisis, moreover, ... http://www.financialstability.gov/docs/regulatoryreform/title-III_Natl-BankSupervisor_072309.pdf Congressional Research Service TheGlobalFinancial Crisis: Analysis and Policy Implications f The registration of advisers ofhedgefunds and other private pools of capital withthe SEC.22...
... passed for this to have been forgotten Conclusions The impacts fromthe ashfall and ash storms resulted in evacuations out ofthe area in the short and long term The following types of responses ... resilience of livestock to cope withthe eruption impacts and the stresses of transport The lack of capacity within the local livestock market and lack of available grazing forthe influx of transported ... abandon farms, the agronomic and social impacts ofthe evacuation, the rationale and execution of livestock evacuation, and the factors that encouraged farmers to return to evacuated or abandoned...
... passed for this to have been forgotten Conclusions The impacts fromthe ashfall and ash storms resulted in evacuations out ofthe area in the short and long term The following types of responses ... resilience of livestock to cope withthe eruption impacts and the stresses of transport The lack of capacity within the local livestock market and lack of available grazing forthe influx of transported ... abandon farms, the agronomic and social impacts ofthe evacuation, the rationale and execution of livestock evacuation, and the factors that encouraged farmers to return to evacuated or abandoned...
... degrees depending on whether or not they are making the most of their former business connections, rather than merely seeking new connections and information For one reason or another I often find myself ... for information Become a magnet for information! Withthe idea ofthe alliance, the meaning of collecting information and sorting information makes a 180° shift I would suggest that the reason ... of what should be done about the situation in each company You will need to go beyond the framework ofthe company and, forthe sake ofthe project’s success, work on solutions withthe person...
... study into the use of IL-1Ra gene therapy forthe inhibition of intervertebral disc degeneration Int J Exp Pathol 2006, 87:1728 Page of (page number not for citation purposes) Caron JP, Fernandes ... noticed in the 150 mg group at day (in keeping withthe short half-life of IL-1ra), suggesting that IL-1 inhibition may be therapeutically relevant In the context of LBP, the use of IL-1 blockers ... randomized controlled trial in patients with knee OA demonstrated a good safety profile for one intra-articular injection of IL-1ra (150 mg, the maximum tolerated dose) [8] We performed a multicenter,...