The paper by Heider and Hoerova (2009) is ambitious. It studies the interaction between secured interbank lending, unsecured interbank lending, and banks’ portfolio choices. It is motivated by a puzzling empirical observation, namely the “decoupling of secured and unsecured lending rates” in the Great Financial Crisis of 2007–09. The observation made by Heider and Hoerova is that on August 9, 2...

financial statement of a company is a reflection of the operational and financial position of a company. the comparative analysis of two companies similar in nature, size, work, location and objectives etc., facilitates an understanding of the operational and financial soundness of the companies. the kingdom of saudi arabia is aiming for rapid industrialization in its economy. sahara petrochemi...

• Provides full characterization of two-period deterministic altruism model. Policy and value functions are discontinuous in general. Show existence novel front-loaded transfer, enabling autarky. Correctly solved model features higher savings more front-loading transfers. Results robust (income shocks, parent savings). We provide the first theoretical standard a setting, thereby providing coher...

For many years the economies of South East Asia were regarded as models for economic development. The four tigers, Hong Kong, South Korea, Singapore and Taiwan, grew from low levels of income per head to among the highest in the world in a few decades. The newly industrializing economies of Indonesia, Malaysia and Thailand had also started to grow at an extremely rapid rate. The Philippines had...

In the 1920 and early 1930s, German semi-synthetic fibre industry was dominated by a duopoly of two big players. The incumbent firms were not willing to expand their staple capacities extent demanded new Nazi government, which prepared for autarky war. Hence government encouraged other private companies, especially spinning mills, found eight regional plants protected them against incumbents wh...

We consider the problem of generalising boolean formulas in conjunctive normal form by allowing non-boolean variables, where our goal is to maintain combinatorial properties. Requiring that a literal involves only a single variable, the most general form of literals is given by the well-known “signed literals”, however we will argue that only the most restricted form of generalised clause-sets,...

â â â  â â â â â â â â â â â  financial sector is one of the most influential sectors in economic activities. empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing...

during the past two decades business and manufacturing have observed significant and radical changes. companies have used automation in the manufacturing, in order to improve quality and competency. it was expected that along with these changes, management accounting systems, which focus on monitoring and analyzing management decisions, should adapt with and encourage the changes. many authors ...

background one common challenge to social systems is achieving equity in financial contributions and preventing financial loss. because of the large and unpredictable nature of some costs, achieving this goal in the health system presents important and unique problems. the present study investigated the household financial contributions (hfcs) to the health system.   methods the study investiga...