This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the stock and credit markets are still underdeveloped in these economies, and that their contribution to ec...

This is the first of two articles that provide a broad overview of the structure and general characteristics of the money and bond markets in New Zealand. This first article briefly reviews the financial markets as a whole and describes the deregulation that has occurred in New Zealand’s financial markets over recent years. Crown securities on issue are examined in some depth and the article co...

This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the relationships of monetary policy and inflation are available and most of these have analyzed the effectiveness of monetary policy in controlling inflat...

Most economists and observers place the lack of fiscal discipline at the core of the recent Argentine crisis. This begs the question of how countries like Belgium or Italy (pre-Maastricht) could run large fiscal deficits and accumulate debts far beyond those of Argentina, without experiencing crises nearly as dramatic as that of Argentina? Why is it that Argentina cannot act like Belgium or Ita...

We present an incremental algorithm to estimate the penetration depth between convex polytopes in 3D. The algorithm incrementally seeks a “locally optimal solution” by walking on the surface of the Minkowski sums. The surface of the Minkowski sums is computed implicitly by constructing a local Gauss map. In practice, the algorithm works well when there is high motion coherence in the environmen...

Method for 3D image representation with reducing the number of frames based on characteristics of human eyes is proposed together with representation of 3D depth by changing the pixel transparency. Through experiments, it is found that the proposed method allows reduction of the number of frames by the factor of 1/6. Also, it can represent the 3D depth through visual perceptions. Thus, real tim...

This paper finds a significant association between television advertising for financial services brands and consumers’ tendency to search branded keywords (e.g. ―Fidelity‖) rather than generic category-related keywords (e.g. ―stocks‖). The effect is largest for young brands during standard business hours with an elasticity, .07, comparable to extant measurements of advertising’s impact on sales...

D a 20-year trend toward integrated marketing communications, advertisers seldom coordinate television and search advertising campaigns. We find that television advertising for financial services brands increases both the number of related Google searches and searchers’ tendency to use branded keywords in place of generic keywords. The elasticity of a brand’s total searches with respect to its ...

Depth-image-based-rendering (DIBR) is a popular method of synthesizing new views of scenes using traditional images accompanied by depth maps. However these new view suffer from disocclusion holes ‒ background areas revealed by the viewpoint change which have no image or depth data. The filling of disocclusion holes has been an area of development since 2011. This paper seeks to further develop...

In this paper, reported algorithms for fog removal are reviewed. Fog reduces the visibility of scene and thus performance of various computer vision algorithms which use feature information. Formation of the fog is the function of the depth. Estimation of depth information is under constraints problem if single image is available. Hence, removal of fog requires assumptions or prior information....