OBJECTIVES Benin established a revolving drug fund (RDF) for essential asthma medicines in 2008. We evaluated the operation of the RDF and assessed whether there was interruption of supply of asthma medicine from 2008 to 2013. METHODS We reviewed the process in establishing the RDF. We assessed cost and sale price of asthma medicines, expenditure of the RDF in procuring asthma medicines and o...

About mid-semester each fall, I introduce to my undergraduate students the general topic of “cooperative finance.” By this time, the students have already been exposed to cooperative principles and have a basic-level grasp of operational practices. As I begin my lecture on revolving cooperative equity, one can tell by the perplexed expressions on the students’ faces that my message is not being...

Investment banks frequently hire analysts from rating agencies. A widely held view is that this “revolving door” undermines analysts’ incentives to issue accurate ratings. Using a hand-collected dataset of the performance and career paths of 245 credit analysts between 2000 and 2009, I show that the ratings by analysts who move to investment banks are on average more accurate than those by thei...

MESERVEY, R., 1971. The coastline fit of Africa and South America. Palaeogeography, Palaeoclimatol., Palaeoecol., 9: 233-243. It has become axiomatic that the pre-drift reconstruction of Africa and South America is to be made by fitting together the continental shelves. Although this procedure is very plausible, actually the detailed fit of the coastlines is better than that of the shelves and ...

This paper addresses the risk cutoff policies of a retail bank whose objectives are to maximize return on equity for shareholders and live within regulatory capital requirements, such as those of the Basel Capital Accord, to meet unexpected default losses. It investigates the changes that have to be made in the operating decision of which applicants for loans to accept and which to reject becau...

BACKGROUND We describe the health of "revolving door" patients in general practice in Scotland, estimate changes in their number over the timescale of the study, and explore reasons for changes, particularly related to NHS and government policy. METHODS A mixed methods predominantly qualitative study, using a grounded theory approach, set in Scottish general practice. Semi-structured intervie...

On base of Hamiltonian formalism, we show that Hopf bifurcation arrives, in the course of the system evolution, at creation of revolving region of the phase plane being bounded by limit cycle. A revolving phase plane with a set of limit cycles is presented in analogy with revolving vessel containing superfluid He 4. Within such a representation, fast varying angle is shown to be reduced to phas...