Reducing large net foreign liabilities

Saving , Investment and the Net Foreign Asset Position ∗

This paper investigates the shortand long-run relationship between domestic wealth, capital stock and the net foreign asset position of industrialised and developing countries. Using cointegration techniques, a link between output per capita, the stock of public debt and age distribution on saving, investment and hence, the net external wealth of countries is established. Public debt, GDP per c...

Minimizing Cardiovascular Liabilities Throughout

Liabilities in Private Law

This article elaborates upon and defends the distinction between “primary duty” claims and “primary liability” claims in private law introduced in a previous article. In particular, I discuss the relevance of the distinction to the debates over fault and strict liability and “duty skepticism” and to the relationship between primary and remedial rights. I argue that the tendency to assume that a...

Bank liabilities channel

The financial intermediation sector is important not only for channeling resources from agents in excess of funds to agents in need of funds (lending channel). By issuing liabilities it also creates financial assets held by other sectors of the economy for insurance purpose. When the intermediation sector creates less liabilities or the value of outstanding liabilities falls, agents are less wi...

Reducing Complexity of Large EPCs

Abstract: Business processes are an important instrument for understanding and improving how companies provide goods and services to customers. Therefore, many companies have documented their business processes well, often in the Event-driven Process Chains (EPC). Unfortunately, in many cases the resulting EPCs are rather complex, so that the overall process logic is hidden in low level process...