منابع مشابه
Contingent Reserves Management: An Applied Framework
One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In this paper we argue that adding richer hedging instruments to the portfolios held by central banks can s...
متن کاملDesigning Marine Reserves for Fishery Management
R reports have raised serious concerns about the rapid declines of historically productive marine fishery resources and the degradation of essential fish habitats. This global crisis has spurred development of innovative management strategies to rebuild depleted fisheries and marine ecosystems. One highly touted strategy involves the design and creation of marine reserves (areas off limits to e...
متن کاملBiological effects within no-take marine reserves: a global synthesis
The study and implementation of no-take marine reserves have increased rapidly over the past decade, providing ample data on the biological effects of reserve protection for a wide range of geographic locations and organisms. The plethora of new studies affords the opportunity to reevaluate previous findings and address formerly unanswered questions with extensive data syntheses. Our results sh...
متن کاملEquivalence in yield from marine reserves and traditional fisheries management
Marine reserves have been proposed as a remedy for overfishing and declining marine biodiversity, but concern that reserves would inherently reduce yields has impeded their implementation. It was found that management of fisheries through reserves and management through effort control produce identical yields under a reasonable set of simplifying assumptions corresponding to a broad range of bi...
متن کاملSwing Contracts with Dynamic Reserves for Flexible Service Management
The increasing penetration of variable energy resources in modern electric power systems requires additional flexibility in ancillary service provision to maintain reliable and efficient grid operations. However, full recognition and appropriate compensation of this flexibility is difficult to ensure within current power market designs due to rigidities in service definitions and requirements. ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.985071