We present a new empirical strategy for testing if financial integration improves risk sharing opportunities and consumption smoothing. Our test is based on a decomposition of the variance of consumption growth into a component that depends on the variance of permanent income shocks and one that depends on the variance of transitory shocks. We then test if the process of financial market integr...

5.1 INTRODUCTION Can banking systems become less skewed towards those already better off in developing countries? Although this question has become an important item on the overall development agenda, there is still no rigorous analysis of the policies aimed at expanding financial services into largely unbanked areas (with the exception of microfinance) and their actual impact on inclusion. Ane...

The exponential smoothing prediction algorithm is widely used in spaceflight control and in process monitoring as well as in economical prediction. There are two key conundrums which are open: one is about the selective rule of the parameter in the exponential smoothing prediction, and the other is how to improve the bad influence of outliers on prediction. In this paper a new practical outlier...

Income smoothing is one way that companies do to manipulate company profit if fluctuates, investors will think again invest in the company, this trigger practice of income smoothing. One example a manufacturing banking sub-sector. This study aims analyze and test debt equity ratio, return on assets, size bonus plan earnings management. The population used sub-sector listed Indonesia Stock Excha...

BACKGROUND The bilateral absence of the cortical N20 median-nerve somatosensory evoked potential (SSEP) is a strong predictor of poor outcome from coma. However, when N20s are present, accurate prognostication is challenging. Here, we investigated the potential for later SSEP components to help disambiguate outcome in these cases. METHODS In a retrospective review of data from two intensive c...

In riskless intertemporal choice, experimental studies suggest that a decision maker prefers smoothing a utility distribution implied by a sequence of outcomes. This paper extends, in an axiomatic framework, this notion of utility smoothing to a stochastic setting. We show that such an application can provide an axiomatic model of loss aversion in dynamic choice under uncertainty, which contras...

This paper introduces the effective speckle reduction of synthetic aperture radar (SAR) images using inner product spaces in undecimated wavelet domain. There are two major areas in projection onto span algorithm where improvement can be made. First is the use of undecimated wavelet transformation instead of discrete wavelet transformation. And second area is the use of smoothing filter namely ...

This paper introduces the effective speckle reduction of synthetic aperture radar (SAR) images using inner product spaces in undecimated wavelet domain. There are two major areas in projection onto span algorithm where improvement can be made. First is the use of undecimated wavelet transformation instead of discrete wavelet transformation. And second area is the use of smoothing filter namely ...