This article examines the evolution and potential of water agenda BRICS. The members this international association major countries South America, Eurasia, Asia Africa are rich in resources population. development extends beyond their borders to projects other through activities a institution, New Development Bank Such conditions suggest some anticipation global comprehensive view on part BRICS...

In this paper, the development and status of North Atlantic Treaty Organization (NATO) in Western Balkans is examined. NATO’s regional expansion can be considered a part general NATO to East. Unhindered eastward progress lasted until 2006, when Russia came back on Balkan scene with strategic South Stream pipeline project. The unexpected appearance new actor led an intensification membership pro...

Earth’s ecosystems are extremely valuable to humanity, playing a key role ecologically, economically, and socially. Wildfires constitute significant threat the environment, especially in vulnerable ecosystems, such as those that commonly found Mediterranean. Due their strong impact on they provide crucial factor managing behavior, causing dramatic modifications land surface processes dynamics l...

Harold Laski’s assertion that political rights are useless to a starving being entreats us move beyond limited notions of ‘human rights’, more fundamental issues quintessential minimally decent living. Notions of, and concerns for, human have long emphasised protection from bodily harm or physical violence at the expense not freedom basic want economic starvation, “basic sense moral worth”, fea...

 replacing existing buildings and equipment with higher welfare systems often involves very large capital outlay costs. However, these costs will be much reduced if the change is delayed until the existing facility has reached the end of its working life;  where a producer is constructing a new building (rather than replacing an existing one) the capital costs entailed in selecting a higher w...

Interdependence has been commonly studied for stock or exchange rate markets. The recent European sovereign deft crisis shifted interest to sovereign bond markets. Although there is by now strong evidence that sovereign risk premia are driven by a common factor, little is known about the detailed linkages between sovereign bond markets. To fill this gap, we analyse bilateral linkages between EU...

New regulations aimed at curbing conflicts of interests in the financial analysts’ profession have been adopted both in the US (Sarbanes-Oxley Act, Section 501) and in the European Union (Market Abuse Directive and CD2003/125). While more than 60% of the US recommendations have been shown to be potentially biased because of investment banking relationships, this proportion is as low as 2% to 8%...

This paper studies spillovers across sovereign debt markets in the wake of sovereign rating changes. We compile an extensive dataset covering all announcements by the three major agencies (Standard & Poor's, Moody's, Fitch) and daily sovereign bond market movements of up to 73 developed and emerging countries between 1994 and 2011. To cleanly identify the existence of spillover effects, we perf...

That hospitals are under financial stress in 2009 is not a secret to anyone who has been reading the newspapers, trade journals or your own organization’s financial statements. Investment income (on which too many institutions had become dependent) has dropped off the map, and philanthropic giving is now following suit. Patient volumes have plummeted, as financially strapped patients postpone o...

Experimental validation and testing of solutions designed for heterogeneous environment is a challenging issue. Wrekavoc is a tool for performing such validation. It runs an unmodified applications on emulated multisite heterogeneous platforms. It downgrades the performance of the nodes (CPU and memory) and the interconnection network in a prescribed way. We report on new strategies to improve ...