WorldWideScience

Sample records for bank collapse challenges

  1. "Shadow Banking: Policy Challenges for Central Banks"

    OpenAIRE

    Moe, Thorvald Grung

    2014-01-01

    Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial markets. Many want central banks to embrace this expanded role as "market maker of last resort" going forward. This would provide a liquidity backstop for systemically important markets and the shadow banking system that is deeply integrated with these markets. But how much liquidity su...

  2. How to deal with the collapse of a banking system the Icelandic way

    DEFF Research Database (Denmark)

    Solnes, Valgerdur

    2016-01-01

    In the fall of 2008, a crisis materialized in the global financial markets, creating the imminent risk of collapse in Icelandic's largest financial institutions and the banking system as a whole. The perilous situation originated in similar conditions that formed overseas in the US and around...... can respond to a collapse of a banking system. The Icelandic way is potentially instructive when facing parallel situations in other states, and will at a mininum provide guidance in the form of experience....

  3. Challenges of agent banking experiences in Kenya

    Directory of Open Access Journals (Sweden)

    Fred Gichana Atandi

    2013-08-01

    Full Text Available More than ever before there is a global concern to entrench financial deepening access to previously ignored areas due to some areas considered economically unviable where majority of the MSEs operate their businesses. There is an increasing need to promote technological and institutional innovation as a means to expand financial system access and usage, including addressing infrastructure weaknesses and empowering business enterprises by developing financial literacy and financial capability programs to bring all people on board and all to participate in economic development of a country, perhaps agent banking will offer a solution to slow pace of individuals enterprise development especially from the rural areas. The uptake of agent banking in Kenya has not been well appreciated by the target beneficiaries who include among others the micro and small enterprises in the rural areas in Kenya who were expected to benefit from this technologically innovative service. In as much as it has been witnessed that there is an increase in penetration of agent banking services clients have not fully made use of the available agents at their localities to cut down on transaction costs occasioned by travelling to traditional branches and also time wasted on queuing for services . It can also be noted that, the banks have not fully taken advantage of agent banking to explore all market segments at a low operating costs. The researcher also identified some of the factors hindering the well functioning of agent banking despite mounting financial literacy training to Equity bank clients. Lack of mobile network services and float, lack of capital, issues of insecurity and fear of robbery. The paper is based on a study conducted to reveal the challenges which are hindering the rural people of Kenya from benefiting from agent banking.

  4. Challenging Easter Island's collapse: the need for interdisciplinary synergies

    OpenAIRE

    Rull, Valentí; Cañellas-Boltà, Núria; Sáez, Alberto; Margalef, Olga; Bao, Roberto; Pla-Rabes, Sergi; Valero-Garcés, Blas; Giralt, Santiago

    2013-01-01

    We show that the available paleoecological literature on Easter Island already contains the hypothesis and the supporting evidence for a gradual, rather than abrupt and catastrophic, landscape transformation by humans since the initial colonization of Easter Island, as recently proposed by Mulrooney (2013) using archaeological evidence. In this way, the eventual eco-societal collapse assumedly occurred by AD 1000-1200 or later is seriously challenged. We use this particular case study to prop...

  5. Possibilities, challenges and solutions of marketing within internet bank

    OpenAIRE

    2011-01-01

    ANNOTATION Purpose of dissertation “Possibilities, challenges and solutions of marketing within internet bank” is to evaluate a role of internet bank in the bank marketing, to research adoption of internet banking among private customers and to provide suggestions to improve marketing within internet bank. First chapter of dissertation contains evaluation of internet bank’s role in the bank marketing. Second chapter contains research of internet banking adoption among private customers ...

  6. E-BANKING SERVICES – FEATURES, CHALLENGES AND BENEFITS

    Directory of Open Access Journals (Sweden)

    IMOLA DRIGĂ

    2014-10-01

    Full Text Available Today traditional banking services, based on lending and deposittaking operations, are only part of banking activities. Due to the emergence of a knowledgebased economy and society as information and communication technology advanced, banking services have undergone profound changes during the past decades. In order to improve the quality of customer service delivery and reduce transaction cost, banks have invested to a great extent in ICT and have adopted ICT networks for delivering a wide range of banking products and services. Banks all over the world have embraced innovative banking technologies and e-banking services in recent years. In this context, the paper aims to provide an overview of the electronic banking service highlighting various aspects of e-banking. Although e-banking offers many advantages both to corporate and individual clients, electronic banking is not without certain challenges and issues in terms of security and interest of customers.

  7. Indian Banking Industry: Challenges and Opportunities

    National Research Council Canada - National Science Library

    Dr. Krishna A. Goyal; Vijay Joshi

    2012-01-01

    The banking industry in India has a huge canvas of history, which covers the traditional banking practices from the time of Britishers to the reforms period, nationalization to privatization of banks...

  8. CHALLENGES FACED BY INDIAN BANKING INDUSTRY

    National Research Council Canada - National Science Library

    Mohit Bindlish; Pooja

    2013-01-01

      The banking industry in India has a huge canvas of history, which covers the traditional banking practices from the time of Britishers to the reforms period, nationalization to privatization of banks...

  9. E-Banking in Malaysia: Opportunity and Challenges

    Directory of Open Access Journals (Sweden)

    Chai Lee Goi

    2005-12-01

    Full Text Available E-banking has to be a delivery channel that replicates and replaces many of the physical functions a bank currently performs. Hence, the E-banking now becomes a virtual banking counter that the individual and corporate customer to carry out the regular activities. Even E-banking services more to electronic-based, but, it still strongly support banking activities, therefore communication, transaction and distribution (Peterson, Balasubramanian and Bronnenberg, 1997. There are number of challenges need to be faced by Malaysian banks, however, the opportunity in this industry is high due to the current trend especially application and development of ICT.

  10. Banking System Stability and Public Security: the Cases of the Collapse of the Commercial Banks “Snoras” and “Ūkio bankas” in Lithuania

    Directory of Open Access Journals (Sweden)

    Mažylis Liudas

    2014-12-01

    Full Text Available The stability of the banking system is analyzed in the article as an important condition of security of the society. The article analyzes the short term and long term impact of the collapse of two commercial banks, “Snoras” and “Ūkio bankas”, on the public attitude about the banking activities in Lithuania. Employing new institutionalism theoretical approaches, an analytical model is constructed based on the reconstruction of discursive devices of two Lithuanian Internet news portals, Delfi.lt and Lrytas.lt. The positions of the main process actors (Bank of Lithuania, Heads of the State, and media itself within a changing structural environment are assessed. The article argues that new institutionalism presents an appropriate theoretical framework for characterizing the processes analyzed, taking into account calculations of actors and explaining development of political processes, and taking into account circumstances of consensus reached in the former stages of political processes. Employing the discursive institutionalism approach enables the understanding of actors as actively influencing and changing structural environment. Five stages of bank collapse are defined according to the reflections in the news media portals. They differ by their continuity, intensity and by the means used for (re-constructing discourses, comparing former case of collapse with the latter one. For instance, the position of the society caused by the “Snoras” bank collapse can be characterized as a classical case of cognitive dissonance: commercial banks are treated by the society as untrustworthy and at the same time society’s behavior shows that society is benefiting from the bank services. Politically the problem analyzed seems like a marginal one without any important influence on mainstream political processes. It seems that the situation after the bank collapse is different from early post-Soviet times when “safety of savings” was an

  11. Islamic Banking Products: Regulations, Issues and Challenges

    National Research Council Canada - National Science Library

    Nooraslinda Abdul Aris; Rohana Othman; Rafidah Mohd Azli; Mardiyyah Sahri; Dzuljastri Abdul Razak; Zaharuddin Abdul Rahman

    2013-01-01

    ...) in his study stated that the value of Islamic banking assets and assets under Islamic management is expected to reach USD1 trillion by 2010, with Islamic banks growing more rapidly than the average...

  12. E- BANKING (BENEFITS AND CHALLENGES IN AN EMERGING ECONOMY

    Directory of Open Access Journals (Sweden)

    Lovedeep Singh Sidhu

    2015-10-01

    Full Text Available New Information technology has taken important place in future development of financial services, especially banking sector transition are affected more than any other financial provider groups. Increased use of mobile services and use of internet as new distribution channel for banking transactions and international trading requires more attention towards e-banking security against fraudulent activities. The development and the increasing progress that is being experienced in the Information and Communication Technology have brought about a bunch of changes in almost all facets of life. In the Banking Industry, it has been in the form of E-banking, which is now replacing the traditional banking practice. E-banking has a lot of benefits which add value to customers’ satisfaction in terms of better quality of service offerings and at the same time enable the banks gain more competitive advantage over other competitors. This paper discusses challenges in an emerging economy.

  13. Challenges Faced by Sudanese Banks in Implementing Online Banking: Bankers’ Perception

    Directory of Open Access Journals (Sweden)

    Nafis Alam

    2010-08-01

    Full Text Available Innovations in Information technology have changed the way financial transactions are done in banking industry globally. Online banking uses today’s computer technology to give user the ability to manage their finances more quickly and efficiently, from anywhere around the world, and with just a click of the mouse. Banks perceive online banking as a powerful ‘value-added’ tool to attract and retain new customers while helping to eliminate costly paper handling and teller interactions. Online banking has managed to provide customers the convenience, efficiency, effe ctiveness, and most importantly, the speed needed in today’s dynamic world. As more banks around the world are offering online banking to its customers, it is becoming a rather popular trend. Online banking is an asset both to the bank and the customer. However, countries like Sudan are yet to join the frenzy of this new innovation in an effective manner. This paper will investigate what are the challenges faced by Sudanese banks in implementing online banking.

  14. Basel III implementation: Issues and challenges for Indian banks

    Directory of Open Access Journals (Sweden)

    M. Jayadev

    2013-06-01

    Full Text Available The Basel III framework, whose main thrust has been enhancing the banking sector's safety and stability, emphasises the need to improve the quality and quantity of capital components, leverage ratio, liquidity standards, and enhanced disclosures. This article first lays the context of Basel III and then incorporates the views of senior executives of Indian banks and risk management experts on addressing the challenges of implementing the Basel III framework, especially in areas such as augmentation of capital resources, growth versus financial stability, challenges for enhanced profitability, deposit pricing, cost of credit, maintenance of liquidity standards, and strengthening of risk architecture.

  15. Mobile operators as banks or vice-versa? and: the challenges of Mobile channels for banks

    NARCIS (Netherlands)

    L-F. Pau (Louis-François)

    2004-01-01

    textabstractThis short paper addresses the strategic challenges of deposit banks, and payment clearinghouses, posed by the growing role of mobile operators as collectors and payment agents of flow of cash for themselves and third parties. Through analysis and data analysis from selected operators ,

  16. The challenges of litigation in US courts and the actions tissue banks can take to meet those challenges.

    Science.gov (United States)

    Harshman, Daniel D; Phillips, Glyn O

    2012-03-01

    The growth of tissue banking from local non-profit organizations to national and multi-national corporations has increased the likelihood of litigation against tissue banks. The acquisition of tissue banks by corporate entities, many of whom are based in the US, means that tissue banks need to be prepared for the challenge of litigation in the US courts. The purpose of this paper is to help tissue banks meet those challenges by describing the nature of US litigation, the most common types of lawsuits against tissue banks and the steps that tissue banks can take to prepare for litigation in the US.

  17. Mobile Banking Supervising System- Issues, Challenges and Suggestions to improve Mobile Banking Services

    Directory of Open Access Journals (Sweden)

    Dr.K.Kavitha

    Full Text Available Banking is one of the Largest Financial Institution which constantly provides better Customer Services. To improve the Service Quality, Banking Services are expanded to Mobile Technology. Recently Mobile Banking plays a vital role in Banking Sector. This ...

  18. Seepage erosion mechanisms of bank collapse: three-dimensional seepage particle mobilization and undercutting

    Science.gov (United States)

    Seepage flow initiates undercutting, similar to development and headward migration of internal gullies, by liquefaction of soil particles, followed by mass wasting of the bank. Although seepage erosion has three-dimensional characteristics, two-dimensional lysimeters have been used in previous resea...

  19. Foreign Banks Optimistic about Chinese Market Despite Challenges

    Institute of Scientific and Technical Information of China (English)

    Zhu Zijun

    2011-01-01

    @@ Despite the constraints of a tight regulatory environment and liquidity constraints, foreign banks are optimistic about their future business in China, said a report by PricewaterhouseCoopers (PwC) International Ltd.22 of the 42 foreign banks interviewed expect annual revenue growth in 2011 of between 20% and 50%, and five banks expect growth to equal, or exceed, 100%.And all the banks interviewed anticipate growth to continue over the next three years.

  20. E-BANKING SERVICES – FEATURES, CHALLENGES AND BENEFITS

    OpenAIRE

    IMOLA DRIGĂ; CLAUDIA ISAC

    2014-01-01

    Today traditional banking services, based on lending and deposittaking operations, are only part of banking activities. Due to the emergence of a knowledgebased economy and society as information and communication technology advanced, banking services have undergone profound changes during the past decades. In order to improve the quality of customer service delivery and reduce transaction cost, banks have invested to a great extent in ICT and have adopted ICT networks for delivering a wid...

  1. E-Business: Application of software and technology in selected Ethiopian banks - Issues and challenges

    Directory of Open Access Journals (Sweden)

    Bhaskar Reddy Muvva Vijay

    2011-11-01

    Full Text Available The application of software and technology is inevitable in the present competitive banking industry. Ethiopian banking system is one of the most underdeveloped compared to the rest of the world. In Ethiopia cash is still the most dominant medium of exchange and Electronic-banking is not well known, let alone used for transacting banking issues. The article tries to examine specific issues and challenges in Ethiopian banking system. The present study further highlights various selecting issues and service quality systems practiced in selected banks. Survey method is used to collect data from practicing managers of banking industry. It further analyzes the present obstacles and hindrances in improving and facilitating the present banking services with application of customize software and technology.

  2. ISLAMIC BANKING IN TURKEY: POPULATION PERCEPTION AND DEVELOPMENT CHALLENGES

    Directory of Open Access Journals (Sweden)

    István EGRESI

    2017-05-01

    Full Text Available Islamic banks have, over the last few decades, become very popular in the Gulf countries and in some countries in Southeast Asia with a majority Muslim population. They are on the rise even in some western cities such as London or New York which have witnessed a significant increase in their Muslim population. In this context, it is then surprising to see that in Turkey, a country in which almost 100% of the population is Muslim, the Islamic banking system is still in its incipient stage. This study has investigated the reasons for the underdevelopment of the Islamic banking system in Turkey. We found that, due to the long period of secularism, most Turks separate religion from business and select their bank based on financial advantages, diversity of financial products and quality of service rather than based on the need to adhere to Shari’a principles. Many people also do not trust that these institutions are really Shari’a-compliant and safe. This is partly due to the customers’ lack of understanding of how these banks operate and partly due to the numerous cases of bad practices reported by the media and the academic literature. We conclude that, while their assets and share will most probably increase over the next 10 years it seems very unlikely that Islamic banks will really become a sustainable alternative banking system in Turkey. The Islamic banking system will rather remain an additional or complementary banking system.

  3. Challenging Easter Island’s collapse: the need for interdisciplinary synergies

    Directory of Open Access Journals (Sweden)

    Valentí eRull

    2013-12-01

    Full Text Available The reigning paradigm holds that Easter Island suffered an eco-societal collapse (ecocidal or not sometime in the last millennium, prior to European contact (AD 1720. We discuss some novel palaeoecological and archaeological evidence that challenges this assumption. We use this case study to propose a closer collaboration between archaeology, palaeoecology and palaeoccology. This collaboration allows us to unravel historical trends in which both environmental changes and human activities might have acted, alone or coupled, as drivers of ecological and societal transformations. We highlight a number of particular points in which scholars from disparate disciplines, working together, may enhance the scope and the soundness of historical inferences. These points are the following: 1 the timing of the initial Easter Island colonisation and the origin of the settlers, 2 the pace of ecological and societal transformations since that time until the present, and 3 the occurrence of potential climate-human synergies as drivers of eco-societal shifts.

  4. FUTURE CHALLENGES TO THE ORGANIZATION OF ACCOUNTING IN TRADE BANKS

    Directory of Open Access Journals (Sweden)

    Radka Andasarova

    2014-06-01

    Full Text Available Trade banks are on the threshold of the introduction of two big projects which would qualitatively change the organization of accounting. The first one is the adoption of long-expected accounting standard Financial instruments IFRS 9, and the second is connected to the introduction of new world standards in bank capital famous as Basel III - a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk, through accepted in June 2013 by the EU Capital Requirements Directive 2013/36/EC and Capital Requirements Regulation 575/2013.

  5. Bank of France: The challenge of escaping politicization

    OpenAIRE

    Howarth, David

    2009-01-01

    This contribution will show that Europeanization since 1993—the independence of the Bank of France in 1994 and the transfer of monetary policy powers to the European Central Bank (ECB) in 1999—had a clear and direct impact on the power and roles of the Governor and the members of the Conseil de la Politique Monétaire (MPC), but a less obvious impact on the organisation and responsibilities of the Bank itself. Independence and the 1999 transfer have also had a direct impact upon the Bank’s rol...

  6. The Challenges of Basel III for Romanian Banking System

    Directory of Open Access Journals (Sweden)

    Anca Elena NUCU

    2011-12-01

    Full Text Available Basel III represents a fundamental review of the regulatory and supervision framework of the banking industry in the future, the aim being to strengthen the stability of the financial system. The purpose of this paper is to analyze the impact of Basel III introduction upon the banking system at European level, respectively, upon the Romanian banking system. If at European level it is estimated a substantial deficit in capital and liquidity, with major impact on profitability indicators, the impact of Basel III upon banking system in Romania is considered to be limited. The measures which credit institutions could take to mitigate the impact of alignment with the new standards are business model adjustment and balance sheet restructuring.

  7. [Soil seed bank research of China mining areas: necessity and challenges].

    Science.gov (United States)

    Chang, Qing; Zhang, Da-Wei; Li, Xue; Peng, Jian; Guan, Ai-Nong; Liu, Xiao-Si

    2011-05-01

    Soil seed bank consists of all living seeds existed in soil and its surface litter, especially in topsoil, and can reflect the characteristics of regional biodiversity. As the base of vegetation restoration and potential greening material, topsoil and its seed bank are the limited and non-renewable resources in mining areas. The study of soil seed bank has become one of the hotspots in the research field of vegetation restoration and land reclamation in China mining areas. Owing to the special characteristics of mining industry, the soil seed bank study of mining areas should not only concern with the seed species, quantities, and their relations with ground surface vegetation, but also make use of the research results on the soil seed bank of other fragile habitats. Besides, a breakthrough should be sought in the thinking ways and research approach. This paper analyzed the particularity of mining area's soil seek bank research, summarized the research progress in the soil seed bank of mining areas and other fragile habitats, and put forward the challenges we are facing with. It was expected that this paper could help to reinforce the soil seed bank research of China mining areas, and provide scientific guidelines for taking great advantage of the significant roles of soil seed bank in land reclamation and vegetation restoration in the future.

  8. Deployment of German Electronic Citizen Cards in Banking: Opportunities and Challenges

    Science.gov (United States)

    Büger, Matthias

    The German federal government plans to issue an electronic citizen card (eID) in 2009, replacing the current identity card (Personalausweis). Since the eID should be good for identification in E-government as well as E-business applications, it is aimed to be used in the banking environment. One application would be opening a bank account in the internet. If this was possible, the process would be much easier than today. However, German law still requires a physical ID card. We will discuss the opportunities and the challenges of possible usage of eID in banking.

  9. “Helicopter Drop”: Perspectives on Modern Central Banking Challenges

    Directory of Open Access Journals (Sweden)

    Munteanu Bogdan

    2017-03-01

    Full Text Available This paper aims to discuss the idea of Milton Friedman’s “helicopter drop” of money, analyzing the concept. It is an unconventional measure of monetary policy seen as a permanent uplift in the nominal monetary mass with a zero nominal interest rate, to finance budget deficit of fiscal authority from money issued by Central Bank. It could be a fiscal stimulus or purchases by the Central Bank of non-monetary sovereign debt, in both cases without affecting the current public spending from state budget. The paper takes into account the opportunity costs of such measure being deployed by ECB, looking at end-users (consumers and psychology of decisions over money. In the end, the article reviews the opinions of leading economists and the conclusions reflect that it is not the time or necessity for ECB to resort to such measure now, as the previous measures of quantitative easing and negative interest rate are starting to pay-off producing the targeted result of 2% inflation rate.

  10. The Collapse of the United States Banking System During the Great Depression, 1929 to 1933. New Archival Evidence

    Directory of Open Access Journals (Sweden)

    Gary Richardson

    2007-03-01

    Full Text Available During the Great Depression, one third of all banks in the United States failed. Scholarsdispute reason for their demise. This essay analyzes new evidence on the sources of bankdistress. The data demonstrates that contagion via correspondent networks and bank runspropagated the initial banking panics in the fall of 1930. As the depression deepened and assetvalues declined, insolvency loomed as the principal threat to depository institutions. Thesepatterns corroborate some and question other conjectures concerning the causes andconsequences of the financial crisis during the Great Contraction.

  11. GLOBALIZATION AND INTEGRATION INTO THE ECONOMIC AND MONETARY UNION-CHALLENGES FOR BANKS OPERATING IN ROMANIA

    Directory of Open Access Journals (Sweden)

    CORALIA EMILIA POPA

    2012-01-01

    Full Text Available This paper aims to present recent evolution, but also the consequences of globalization of the banking sector, considering different approaches of this phenomenon. Over time, the banking field has undergone important changes in both the applicable law of this area, and through the technologies used in satisfying the customers’ needs. The development of international markets has led to new opportunities and challenges for banks that transformed the domestic financial market into an arena where only the best survive and grow. On these grounds and in strict relation to positive and negative effects of globalization, we can speak of a constant evolution of its most important subsystems - the financial subsystems of the global economy. In this paper special importance is given to the banking field, the article presenting arguments through which this complex phenomenon called globalization may have important consequences on financial supervision and regulation.

  12. Iranian Breast Cancer Bio-Bank: the activity and challenging issues.

    Science.gov (United States)

    Majidzadeh-A, Keivan; Kaviani, Ahmad; Esmaeili, Rezvan; Farahmand, Leila; Shojamoradi, Mohammad Hossein; Zare, Ali Akbar; Eini, Leila; Abbasvandi, Fereshteh; Olfatbakhsh, Asieh; Moazen, Hadi

    2013-03-01

    The information gained from the Human Genome Project has facilitated molecular as well as cellular studies not only to find the origins of Breast Cancer (BC), but also to create novel, and effective treatments. In order to provide an infrastructure for local and international research in this area, Iranian Center for Breast Cancer (ICBC) has established a Bio-Bank (BB) for BC. This article describes the aim, structure, and activities in general, and the challenging issues confronting the bank as a model for the establishment of Bio-Banks in developing countries in particular. The methods employed by the Bank could be explained in the following categories: Blood and Tissue sampling, Preparation and Banking of collected Samples, Clinical and Histopathology data collection, Collaboration Protocol, Challenging issues, and the programs to confront the problems. During the five-year activity of the bank, 110 families were enrolled for genetic counseling, from whom 600 biologic samples were obtained, including 387 blood samples and 213 tissue samples. Of 387 blood samples, 317 (82%) were found to belong to the BC patients and the remaining 70 (18%) belonged to their available relatives. The number of samples increased over the study period partly as a result of the programs designed to confront the problems. During the study period, there were some finished research studies using the samples of BB, and many other studies which are still ongoing. ICBC-BB is a model of biologic sample banking which provides a significant number of biological samples for local and international collaborative research projects regarding molecular and cellular aspects of BC. In establishing the ICBC-BB we have experienced problems and challenges, some general and some local. Some were expected and others not, but we have identified solutions.

  13. The collapse of Rana Plaza and the limits, options and challenges of transnational labour regulation

    NARCIS (Netherlands)

    ter Haar, B.

    2013-01-01

    The collapse of the Rana Plaza in Bangladesh on 24 April 2013 resulted in the death of over 1,100 workers and many more injured workers. Consequently, it has again raised the debate about the social responsibility of multinational companies (MNCs) for their full production chain. European and

  14. Electronic commerce, automation and online banking in Nigeria: challenges and benefits

    Directory of Open Access Journals (Sweden)

    B. Sc., M. Sc. Stephen A. Ojeka

    2011-05-01

    Full Text Available Electronic banking has been around for some time in the form of automatic teller machines and telephone transactions. More recently, it has been metamorphosed by the Internet; a new look and delivery channel for banking services that benefits both customers and banks. The objective of this paper is to find out the correlation between the anticipated benefits/challenges and encountered benefits/challenges. This paper therefore empirically, adopted the use of survey research to explore in quantitative terms the various challenges and benefits e-business poses to Nigeria businesses, with particular reference to Banking and Finance Industry. It was found out that there is statistically significant difference between the anticipated and encountered benefits and major challenge is the security breach faced the customers. We therefore recommend that workshops should be organized for customers periodically on how to keep their data secret especially on how to combine numbers to form password and Constant training of employees both local and international on new development in online trading should be encouraged.

  15. The Grand Challenges of Organ Banking: Proceedings from the first global summit on complex tissue cryopreservation.

    Science.gov (United States)

    Lewis, Jedediah K; Bischof, John C; Braslavsky, Ido; Brockbank, Kelvin G M; Fahy, Gregory M; Fuller, Barry J; Rabin, Yoed; Tocchio, Alessandro; Woods, Erik J; Wowk, Brian G; Acker, Jason P; Giwa, Sebastian

    2016-04-01

    The first Organ Banking Summit was convened from Feb. 27 - March 1, 2015 in Palo Alto, CA, with events at Stanford University, NASA Research Park, and Lawrence Berkeley National Labs. Experts at the summit outlined the potential public health impact of organ banking, discussed the major remaining scientific challenges that need to be overcome in order to bank organs, and identified key opportunities to accelerate progress toward this goal. Many areas of public health could be revolutionized by the banking of organs and other complex tissues, including transplantation, oncofertility, tissue engineering, trauma medicine and emergency preparedness, basic biomedical research and drug discovery - and even space travel. Key remaining scientific sub-challenges were discussed including ice nucleation and growth, cryoprotectant and osmotic toxicities, chilling injury, thermo-mechanical stress, the need for rapid and uniform rewarming, and ischemia/reperfusion injury. A variety of opportunities to overcome these challenge areas were discussed, i.e. preconditioning for enhanced stress tolerance, nanoparticle rewarming, cyroprotectant screening strategies, and the use of cryoprotectant cocktails including ice binding agents.

  16. banks

    Directory of Open Access Journals (Sweden)

    Elena Grigoryeva

    2017-01-01

    The thaw period was a kind of bank from which our country set sail towards unexplored horizons. The series on the Moscow Palace of Young Pioneers is continued by the article by Felix Novikov (144-151, who writes about the history of the design of this wonderful building, today’s monument of architecture of Soviet modernism.

  17. Financial crisis and collapsed banks: psychological distress and work related factors among surviving employees--a nation-wide study.

    Science.gov (United States)

    Snorradóttir, Ásta; Vilhjálmsson, Rúnar; Rafnsdóttir, Guðbjörg Linda; Tómasson, Kristinn

    2013-09-01

    The study considered psychological distress among surviving bank employees differently entangled in downsizing and restructuring following the financial crisis of 2008. A cross-sectional, nationwide study was conducted among surviving employees (N = 1880, response rate 68%). Multivariate analysis was conducted to assess factors associated with psychological distress. In the banks, where all employees experienced rapid and unpredictable organizational changes, psychological distress was higher among employees most entangled in the downsizing and restructuring process. Being subjected to downsizing within own department, salary cut, and transfer to another department, was directly related to increased psychological distress, controlling for background factors. The associations between downsizing, restructuring, and distress were reduced somewhat by adding job demands, job control, and empowering leadership to the model, however, adding social support had little effect on these associations. Employees most entangled in organizational changes are the most vulnerable and should be prioritized in workplace interventions during organizational changes. Copyright © 2013 Wiley Periodicals, Inc.

  18. An empirical study of tissue banking in Australia: navigating regulatory and ethical challenges.

    Science.gov (United States)

    Clark, Georgina; Lipworth, Wendy; Les, Bokey; Little, J M; Kerridge, Ian H

    2006-08-01

    Collections of tumour samples can be an invaluable resource for medical research. There are, however, numerous ethical and legal challenges associated with tumour banking. While there has been extensive discussion of these issues in the legal and ethical literature, there are few available empirical data in relation to the activities of tumour banks in Australia, their practices around ethically charged issues, and their success in implementing complex regulatory guidelines. The aim of this study was to gain more information about the activities of tumour banks in New South Wales, Australia, with a particular focus on their management of, and attitudes towards, ethical and regulatory issues. A survey of 27 tumour collection and research facilities was conducted using a 55-item questionnaire. There is significant heterogeneity of research methodologies as well as of methods for gaining consent and ensuring donor privacy, and there is general concern among the research community about ethical and regulatory issues related to tumour banking. Heterogeneity of practice and uncertainty about ethical and regulatory requirements is problematic in its potential to hinder research and its potential to generate the space for unethical practice, whether intentional or unintentional. There is a pressing need to address these issues so that tumour banks can be used in the most ethical and efficient way possible.

  19. New Media and Challenges of Information Control: A Study among Commercial Banks' Information Managers in Nigeria

    Directory of Open Access Journals (Sweden)

    Pius A. Onobhayedo

    2015-10-01

    Full Text Available Founded on digital technology, new media forms empower users to easily broadcast or narrowcast at low cost and without intermediary gatekeepers. Arguably, such empowerment may be frowned at by banks' information managers as their industry seem particularly vulnerable in the face of imprudent public dissemination of internal information. For example, negative information that goes viral on social media has the potential to cause grave damage to a bank's reputation and could even lead to a run on the bank. Despite the aforementioned new media empowerment and risk dilemma, the academic literature is surprisingly silent about the challenges facing sensitive industries like banks in the control of information in the new media age. We therefore carried out a study among information managers in selected commercial banks in Nigeria to find out their attitude towards the empowerment and risk dilemma posed by new media and how the latter affects their work as organization's information controllers or gatekeepers. Out of the 22 commercial banks that operate in Nigeria, 13 commercial banks were selected using lottery method. Survey and in-depth interviews were carried out among the banks' information managers. In addition, survey questionnaires were distributed among three other subgroups of stakeholders – bank customers, bank employees and journalists. Twelve of the thirteen information managers studied indicated that they use social media to disseminate organizational information. However, all agree that social media is the media form that poses the greatest challenge in terms of controlling the dissemination of information about their organization. Furthermore, in comparison to customers and employees, journalists were perceived by the information managers as the stakeholders that most undermine the ethics of communication. This position seems corroborated by the finding that majority (76% of the journalists surveyed affirmed that they've used their

  20. An Assessment of Benefits and Challenges of Information and Communication Technology to Office Managers in the Banking Industry

    Directory of Open Access Journals (Sweden)

    Omoniyi EO

    2015-12-01

    Full Text Available The objective of this paper is to assess the benefits and the challenges of information and communication technology (ICT to office managers in the banking industry, in order to ascertain the level of success of ICT to the industry, using questionnaire administered to bank staff and customers (n = 130 of Access Bank Plc and Skye Bank Plc in Bida, Niger State, Nigeria. The findings indicated that the office managers of the banks have high rate of exposure to modern information technology IT. The banks staff opined that IT has resulted to reduction in the cost of operations. About 50 percentile of the staff ranked the rate at which IT enhances the confidentiality of information as high. However, the study led to the inference that the staff of the two banks have very low rate for acquiring new skills through capacity development. About 60 percentile of the bank staff have very high tendency to respond to changes in innovation brought about by IT; while 75 percentile indicated that the use of IT by office managers leads to very low rate of fraudulent access to stored information. Also, 58 percentile of the bank customers rated the ease of access to their account as excellent due to the use of IT; and ranked IT excellent in terms of the time saved by customers in accessing their accounts. In addition, the customers rated the use of IT in boosting inter-bank relationship as very good. The challenges of IT to customer service as stated by the customers are: fraud by bank staff (0.5%, delay in inter-bank transaction (10%, poor communication network (40%, poor computer literacy (29.5%, and bridge in the relationship between staff and customers (20%. Therefore, workshop and enlightenment is needed for capacity development on ICT in order to maximally utilize the benefits.

  1. This study aims at examining the effects of electronic banking on banks profitability in Jordan. How banking sector finds itself before a new fact imposed by technology revolution and digits to change their work mechanisms from traditional means to electronic means and the challenges banks face as a result. Furthermore, this study investigates the reasons behinds providing electronic banking services through internet, their impact on banking services in general and banks profitability in particular. Risks and challenges involved are discussed Results and recommendations are included. Results revealed that electronic banking service has a negative effect on banks profitability on the short term. The importance of this study and the factors that make it unique is that, it discusses solely the topic of the effects of electronic banking on banks profitability, while most of other studies discuss the topic in general term. The findings of the study are the impact of electronic banking on banks profitability will be feature of the short run due to the capital investment by the banks on infrastructure and training but will be positive on the long run.

    OpenAIRE

    Ahmad Z. Siam

    2006-01-01

    This study aims at examining the effects of electronic banking on banks profitability in Jordan. How banking sector finds itself before a new fact imposed by technology revolution and digits to change their work mechanisms from traditional means to electronic means and the challenges banks face as a result. Furthermore, this study investigates the reasons behinds providing electronic banking services through internet, their impact on banking services in general and banks profitability in part...

  2. Avoiding collapse: Grand challenges for science and society to solve by 2050

    Directory of Open Access Journals (Sweden)

    Anthony D. Barnosky

    2016-03-01

    Full Text Available Abstract We maintain that humanity’s grand challenge is solving the intertwined problems of human population growth and overconsumption, climate change, pollution, ecosystem destruction, disease spillovers, and extinction, in order to avoid environmental tipping points that would make human life more difficult and would irrevocably damage planetary life support systems. These are not future issues: for example, detrimental impacts of climate change (increased wildfires and extreme weather, sea-level rise, ocean acidification, pollution (contaminated drinking water in many parts of the world, rapid population growth in some areas (contributing to poverty, war, and increasingly frequent migration and overconsumption in others (a main driver of overexploitation of resources and greenhouse gas emissions, and new disease outbreaks (Ebola, Zika virus already are apparent today, and if trends of the past half century continue, even more damaging, long-lasting impacts would be locked in within three decades. Solving these problems will require some scientific and technological breakthroughs, but that will not be enough. Even more critical will be effective collaboration of environmental and physical scientists with social scientists and those in the humanities, active exchange of information among practitioners in academics, politics, religion, and business and other stakeholders, and clear communication of relevant issues and solutions to the general public. This special feature offers examples of how researchers are addressing this grand challenge through the process of discovering new knowledge and relevant tools, transferring insights across disciplinary boundaries, and establishing critical dialogues with those outside academia to help effect positive global change.

  3. Challenges of the Central Banks in the Post Crisis Period when Needed to Ensure the Financial Stability

    Directory of Open Access Journals (Sweden)

    Anisoara Niculina APETRI

    2016-09-01

    Full Text Available The concerns of the European and domestic monetary authorities to reform the current regulatory but also supervisory framework became our main reason to achieve this scientific approach. The international financial crisis has generated important dysfunctions at the level of the main activity of central banks but also at the level of the objectives that these banks should meet. Thereby, if most central banks have normally pursued the objective clearly stated in their mandate as "price stability", nowadays they are trying to achieve the "financial stability". Thus the main objective of this study particularly concerns: highlighting the role of central banks in ensuring the financial stability; and analyzing the challenges of the central banks after the financial crisis.

  4. Ethical and legal issues raised by cord blood banking - the challenges of the new bioeconomy.

    Science.gov (United States)

    Stewart, Cameron L; Aparicio, Lorena C; Kerridge, Ian H

    2013-08-19

    • Cord blood banking raises ethical and legal issues which highlight the need for careful regulatory approaches to the emerging bioeconomy. • Consent processes for both private and public banking should be inclusive and representative of the different familial interests in the cord blood. • Property law is a potentially useful way of understanding the mechanisms for donation to both public and private banks. • Increasing tensions between public and private models of banking may require the adoption of hybrid forms of banking.

  5. Challenges of regionalism: Development and spatial structure of the hungarian banking system section: Financial issues

    OpenAIRE

    Gál, Zoltán

    2001-01-01

    KEY WORDS: Hungarian banking system, transitional financial markets, banking network, global-local dichotomy, and uneven regional development. ABSTRACT: The growing literature on regional finance suggests that credit allocation in regional banking system and the different national banking systems are different according to their stage of development, and frictions also exist across regions within national economies, resulting in different availability of capital. Less developed banking system...

  6. Study on collapse mechanism and critical caving erosion width of falling failures in typical structure bank%冲积河流典型结构岸滩落崩临界淘刷宽度的研究

    Institute of Scientific and Technical Information of China (English)

    王延贵; 匡尚富

    2014-01-01

    Falling failure is one of the typical bank failures. In order to understand the collapse process and condition of the falling failures, through analyzing collapse characteristics of the falling failure for the three kinds of banks with the homogeneity,the dualistic structure and the sandy layer,the collapse mecha-nism and process of the falling failures are studied based on water and sediment movement principle,stabil-ity theory of bank and caving erosion experiment with flume. The critical caving erosion width (CCEW) for-mulas for the shear and toppling failures of simple slope bank were derived in this paper, which was test-ed using experimental data collected in laboratory with a great agreement. The caving erosion at the bottom of the bank will result in the upper part in the suspended state,and when the caving erosion width is larg-er than a certain value, the falling failures will occur. The CCEW is depended on soil property of bank, caving erosion position, slope bank form and the crack depth, and increases as the bank height and soil cohesion increase, and decreases as the crack depth on the bank surface and the slope angle of the bank increase.%提岸滩落崩是最重要的崩塌形式之一,为了探讨落崩发生的过程和临界条件,通过分析单一、二元、沙质壤土夹层三种典型结构岸滩发生落崩的本质,利用水沙运动理论、岸滩稳定理论和水槽淘刷试验,深入研究了落崩发生机理与崩塌过程,建立了简单岸坡剪切崩塌和旋转崩塌临界淘刷宽度公式,并为水槽模型沙岸滩淘刷试验资料所验证。岸脚淘刷致使岸滩上部块体处于临空状态,当淘刷宽度大于临界淘刷宽度后,落崩将会发生;落崩临界淘刷宽度主要取决于岸滩土壤特性、淘刷位置、边坡形态及河岸裂隙深度等,与河岸高度和强度系数成正比,与岸坡裂隙深度和岸坡坡度成反比。

  7. The Chinese Banking Sector: Challenges and Prospects in the Coming Years

    Institute of Scientific and Technical Information of China (English)

    JunjieLi

    2004-01-01

    China's banking sector will continue its rapid expansion in the next few years. However,competition will intensify, and return on banks' assets will be unlikely improved substantially.In several years merger and consolidation will become inevitable in the sector, and many small- and medium-sized banks will need to fight for their survival. To assure long-term viability, small-and medium-sized banks should either take advantage of the rapid market expansion in the near term to increase their sizes to the next level, or to specialize in certain products or customer groups. The tasks of bank regulations currently include enhancingbanks' internal management and control, improving asset quality, and carrying out China'srelevant WTO commitments. But at a more fundamental level, the regulatory, objective should be to establish a healthy and orderly market environment in China's banking sector,control systemic risks, and foster efficient allocation of financial resources.

  8. Challenges and Perspectives for Development of Banking Credit Infrastructure in Russia

    National Research Council Canada - National Science Library

    Irina Alexandrovna Ezangina; Alexander Vladimirovich Evstratov; Tamara Georgievna Jovanovic

    2016-01-01

    .... The main participants (credit bureaus, rating agencies, appraisals of borrowers of the company, banking associations, centres for market investigations, collection agencies, stock exchanges, lending agents, brokers, dealers...

  9. Regulating Internet Banking In Nigeria : Problems and Challenges – Part 1

    Directory of Open Access Journals (Sweden)

    Abel Ebeh Ezeoha

    2005-12-01

    Full Text Available The emerging trend in Internet banking in Nigeria is of global concern. For one thing, the Nigerian economy is a strong force in Africa . The country also has a high reputation for Internet-related frauds in the world, having been regarded as the headquarters of Advance Fee Fraud (419. The code ''419'' is named after Section '419' of the Nigerian Criminal Code that deals with "obtaining property by false pretences; Cheating." On the home front, bank frauds, forgeries, money laundry, insider abuse and erosion of public confidence constitute a set of disturbing issues in the present-day Nigerian banking system. This explains why regulation has become of paramount importance in the entire Internet banking development process. This paper examines the current regulatory efforts of the Central Bank of Nigeria to ensure successful practice of Internet banking in Nigeria . It identified lapses in the existing regulations on Internet banking, and argues that without a comprehensive regulation and improved access to information infrastructure, it might be difficult for meaningful advances to be made in this field of banking.

  10. Collapse calderas

    Science.gov (United States)

    Aguirre-Diaz, G. J.; Marti, J.

    2007-05-01

    A collapse caldera is a volcanic explosive structure that forms during the collapse of crustal blocks on top of a shallow magma chamber. During this collapse, a large volume of magma is evacuated, first explosively, in the form of pyroclastic fallouts and pyroclastic flows, and then effusively, as lava domes or flows after collapse. The result is a catastrophic explosive volcanic collapse that forms a depression that could end with different shapes, circular, oval, rectangular, or irregular. Three main types of collapse calderas can be defined, 1) summit caldera, 2) classic caldera, and 3) graben caldera. Summit calderas are those formed at the top of large volcanoes and are related to relatively small-volume pyroclastic products that include plinian fallouts and ignimbrites, such as Crater Lake, Las Cañadas, and Somma-Vesuvio. Classic calderas are semi-circular to irregular-shaped large structures, several km in diameter that are related to relatively large-volume pyroclastic products including pumice fallouts and widespread ignimbrites, such as Long-Valley, Campi Flegrei, and Los Humeros. Graben calderas are explosive volcano-tectonic collapse structures from which large-volume, ignimbrite-forming eruptions occurred through several vents along the graben walls and the intra-graben block faults causing the collapse of the graben or of a sector of the graben. The main products of graben calderas are surge-deposits and large-volume widespread ignimbrite sheets. Pumice fallouts are practically absent. Examples include the Sierra Madre Occidental in Mexico, La Pacana (Andes), Catalan Pyrenees, and perhaps Scafell (United Kingdom). Any of the three caldera types mentioned above could have collapsed in three different ways, 1) piston, when the collapse occurs as a single crustal block; 2) trap-door, when collapse occurs unevenly along one side while the opposite side remains with no collapse; 3) piece-meal, when collapse occurs as broken pieces of the crust on top of

  11. Security as a Serious Challenge for E-Banking: a Review of Emmental Malware

    Directory of Open Access Journals (Sweden)

    Sirwan Geramiparvar

    2015-03-01

    Full Text Available Nowadays, security is considered to be one of the requirements of all the big and small industries and service and information organizations. Specifically in the advanced e-banking systems, due to the financial and personal issues of the clients and the banks credits, not only is essential and important, but also an inseparable part of all the banking steps and operations. This paper aims to analyse the behaviours of the financial malwares and their threats towards security and provide their behavioural patterns specially Emmental using metric-based model and finally solutions to stop and prevent such threats and attacks by the malwares.

  12. Regulating Internet Banking In Nigeria : Problems and Challenges – Part 1

    OpenAIRE

    Abel Ebeh Ezeoha

    2005-01-01

    The emerging trend in Internet banking in Nigeria is of global concern. For one thing, the Nigerian economy is a strong force in Africa . The country also has a high reputation for Internet-related frauds in the world, having been regarded as the headquarters of Advance Fee Fraud (419). The code ''419'' is named after Section '419' of the Nigerian Criminal Code that deals with "obtaining property by false pretences; Cheating." On the home front, bank frauds, forgeries, money laundry, insider ...

  13. NEW CHALLENGES OF RISK MANAGEMENT IN BANKS IN THE GLOBALISATION CONTEXT

    Directory of Open Access Journals (Sweden)

    Cătălin SABĂU

    2013-06-01

    Full Text Available This paper aims to address the growing need for new standards in the management of two major risks financial entities face - credit risk and liquidity risk, in the context of this phenomenon extremely large and complex called globalization, by identifying risks, analyzing them and presenting their management techniques. Taking into account the fact that the banking system plays a crucial role in any national economy as a central pillar in its functions: lending the real economy and acting as a payment system-base regulation and prudential supervision of the banking system is the main component and also a prerequisite for ensuring and maintaining the financial and economic health of a country. Regardless of the approach, credit risk is the main cause of bank failures and from here the need for the imposition of minimum requirements in managing credit risk and also liquidity risk is seen as the risk of disruptions in providing liquid funds of the bank. The ultimate goal of this paper is to minimize the consequences arising from the banks activity or at least allow it to absorb only the optimal amount of this type of risk.

  14. Collapsed Lung

    Science.gov (United States)

    A collapsed lung happens when air enters the pleural space, the area between the lung and the chest wall. If it is a ... is called pneumothorax. If only part of the lung is affected, it is called atelectasis. Causes of ...

  15. Collapsing Containers.

    Science.gov (United States)

    Brown, Justina L.; Battino, Rubin

    1994-01-01

    Describes variations on atmospheric pressure demonstrations and some systematic studies. Demonstrations use steam, generated either externally or internally to the container, to sweep out residual air. Preferred vessels collapsed slowly. Demonstrations use plastic milk jugs set in layers of aluminum foil, pop bottles immersed in 4-L beakers…

  16. Basel III’s Corporate Governance Impact: How Increased Banking Regulations Pose Challenges to Corporate Compliance While Simultaneously Furthering Stakeholder Objectives

    Directory of Open Access Journals (Sweden)

    Cory Howard

    2014-10-01

    Full Text Available Basel III was primarily intended to provide additional regulations to prevent the collapse of financial institutions during times of liquidity crises. However, two primary reforms, namely the new capital adequacy framework and disclosure requirements, will not only prevent banks from failure during periods of financial distress, but also help promote corporate governance objectives. In the traditional model of corporate governance, shareholders will benefit from the stability of firms in which they have invested, as well as having access to accurate and complete financial statements. Additionally, non-shareholder stakeholders will benefit from increased systemic stability and avoiding the resulting problems that the 2007 financial collapse created, such as decreased access to consumer credit, stagnant wages, and skyrocketing unemployment. This article will attempt to outline the specific corporate governance benefits that Basel III will bring, focusing on how disclosure requirements and capital adequacy will help shareholders and stakeholders alike.

  17. Challenges of the Banking Integration Process in the Case of the New EU Member States

    Directory of Open Access Journals (Sweden)

    Dan Chirlean

    2011-04-01

    Full Text Available The creation of the single European market represents a 50 years long process which aimsat developing the most advanced economy in the world. In order to achieve this, political actions mustbe accompanied by economical and juridical changes in order to stimulate and foster the creation ofthe single European market. A key component of this process is represented by the integration of thefinancial sector. While several component of it have registered major transformations andachievements in the integration process, one of the least integrated parts is represented by theEuropean banking sector. Most of the European economies are funded directly through the bankingsector, thus the integration of this sector represents a major benchmarks in the European integrationprocess. This problem becomes more complex in the context of the European Union enlargement to27 member states. Thus, the aim of this paper is to underline the progresses achieved by the bankingsectors of the European Union new member states from Central and Eastern Europe in theirintegration process. In order to achieve this we will use an empirical analysis based on the Law of OnePrice, which will underline the progress made by the banking sectors of the panel countries: Poland,Czech Republic, Slovenia, Slovakia, Romania and Bulgaria. The results of the research will providean overview of the main achievements registered by these countries, while also underling hownational particularities of these sectors affect their integration.

  18. New expected loss impairment model – a challenge for the banks in Bulgaria

    Directory of Open Access Journals (Sweden)

    Nadezhda Popova-Yosifova

    2017-05-01

    Full Text Available This article introduces some of the leading works on loan impairment published by supervisory authorities, auditing companies and researchers. It makes analysis of the impairment model on the basis of the expected credit losses introduced with the requirements of International Financial Reporting Standard (IFRS 9 Financial Instruments effective for periods beginning on or after 1 January 2018. There are a number of research works which show that the senior bankers may in some ways manage the financial result through the impairment, where it is assumed that the new impairment model will bring higher recognized losses. It also makes a comparative analysis of the announced information on the loan impairment and the preparation for the introduction of the IFRS 9 Financial Instruments requirements into the annual financial statements of the public banks in Bulgaria for the period 2013 – 2016.

  19. Collapsed City

    DEFF Research Database (Denmark)

    Allen, Nacho Ruiz

    2015-01-01

    Currently, when the socio-economic circumstances seem to announce another change of cultural paradigm for the 21st century, the interest in the urban fact seems to have been renewed in architecture. However, this is no longer focused on models of growth and efficiency, as happened in the 70s....... Nowadays the situation is quite different. The enthusiasm for the economic growth which had characterized late capitalism and much of the postmodern cultural production has disappeared, and has given place to some global unease on a possible system collapse. Once the economy does not grow, but threatens...... with its imminent breakdown, the architectural interests have shifted to urban environments like Tokyo, Detroit, Lagos or Rio de Janeiro; places that demonstrate, somehow, an urban culture of collapse....

  20. Banking Around the World

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Chinese banks expands its "going out" strategy but faces challenges in establishing a presence in foreign markets The world’s biggest lender by market value, the Industrial and Commercial Bank of China (ICBC), and the Hong Kong-based Bank of East Asia signed an agreement in which ICBC would pay $140.23 million to buy an 80-percent inter- est in Bank of East Asia USA, the Hong Kong bank said on January 23.

  1. Modeling Core Collapse Supernovae

    Science.gov (United States)

    Mezzacappa, Anthony

    2017-01-01

    Core collapse supernovae, or the death throes of massive stars, are general relativistic, neutrino-magneto-hydrodynamic events. The core collapse supernova mechanism is still not in hand, though key components have been illuminated, and the potential for multiple mechanisms for different progenitors exists. Core collapse supernovae are the single most important source of elements in the Universe, and serve other critical roles in galactic chemical and thermal evolution, the birth of neutron stars, pulsars, and stellar mass black holes, the production of a subclass of gamma-ray bursts, and as potential cosmic laboratories for fundamental nuclear and particle physics. Given this, the so called ``supernova problem'' is one of the most important unsolved problems in astrophysics. It has been fifty years since the first numerical simulations of core collapse supernovae were performed. Progress in the past decade, and especially within the past five years, has been exponential, yet much work remains. Spherically symmetric simulations over nearly four decades laid the foundation for this progress. Two-dimensional modeling that assumes axial symmetry is maturing. And three-dimensional modeling, while in its infancy, has begun in earnest. I will present some of the recent work from the ``Oak Ridge'' group, and will discuss this work in the context of the broader work by other researchers in the field. I will then point to future requirements and challenges. Connections with other experimental, observational, and theoretical efforts will be discussed, as well.

  2. Geophysical observations at cavity collapse

    OpenAIRE

    Jousset, Philippe; Bazargan-Sabet, Behrooz; Lebert, François; Bernardie, Séverine; Gourry, Jean-Christophe

    2010-01-01

    International audience; In Lorraine region (France) salt layers at about 200 meters depth are exploited by Solvay using solution mining methodology which consists in extracting the salt by dissolution, collapsing the cavern overburden during the exploitation phase and finally reclaiming the landscape by creating a water area. In this process, one of the main challenges for the exploiting company is to control the initial 120-m diameter collapse so as to minimize possible damages. In order to ...

  3. Time banking som ledelsesteknologi

    OpenAIRE

    Steensberg, Maja; Nielsen, Nadia Holm; Thomsen, Søren Tolshave

    2014-01-01

    This project examines how the English time banks Timber Wharf, Echo and Fair Shares affect their members and local environments. Based on Nikolas Rose’s theory on governmentality it is discussed, whether the time banks, understood as political actors, are challenging or reproducing neo-liberal governance. It is concluded that the way the time banks facilitates the concept of timebanking differs greatly. These different conducts are shaping the way in which the time banks are used by their mem...

  4. Spreadsheets and the Financial Collapse

    CERN Document Server

    Croll, Grenville J

    2009-01-01

    We briefly review the well-known risks, weaknesses and limitations of spreadsheets and then introduce some more. We review and slightly extend our previous work on the importance and criticality of spreadsheets in the City of London, introducing the notions of ubiquity, centrality, legality and contagion. We identify the sector of the financial market that we believed in 2005 to be highly dependant on the use of spreadsheets and relate this to its recent catastrophic financial performance. We outline the role of spreadsheets in the collapse of the Jamaican banking system in the late 1990's and then review the UK financial regulator's knowledge of the risks of spreadsheets in the contemporary financial system. We summarise the available evidence and suggest that there is a link between the use of spreadsheets and the recent collapse of the global financial system. We provide governments and regulating authorities with some simple recommendations to reduce the risks of continued overdependence on unreliable spr...

  5. Collapsing granular suspensions

    OpenAIRE

    Kadau, D.; Andrade Jr, J. S.; Herrmann, H. J.

    2009-01-01

    A 2D contact dynamics model is proposed as a microscopic description of a collapsing suspension/soil to capture the essential physical processes underlying the dynamics of generation and collapse of the system. Our physical model is compared with real data obtained from in situ measurements performed with a natural collapsing/suspension soil. We show that the shear strength behavior of our collapsing suspension/soil model is very similar to the behavior of this collapsing suspension soil, for...

  6. Geophysical observations at cavity collapse

    Science.gov (United States)

    Jousset, Philippe; Bazargan-Sabet, Behrooz; Lebert, François; Bernardie, Séverine; Gourry, Jean-Christophe

    2010-05-01

    In Lorraine region (France) salt layers at about 200 meters depth are exploited by Solvay using solution mining methodology which consists in extracting the salt by dissolution, collapsing the cavern overburden during the exploitation phase and finally reclaiming the landscape by creating a water area. In this process, one of the main challenges for the exploiting company is to control the initial 120-m diameter collapse so as to minimize possible damages. In order to detect potential precursors and understand processes associated with such collapses, a wide series of monitoring techniques including micro seismics, broad-band seismology, hydro-acoustic, electromagnetism, gas probing, automatic leveling, continuous GPS, continuous gravity and borehole extensometry was set-up in the frame of an in-situ study carried out by the "Research Group for the Impact and Safety of Underground Works" (GISOS, France). Equipments were set-up well before the final collapse, giving a unique opportunity to analyze a great deal of information prior to and during the collapse process which has been successfully achieved on February the 13th, 2009 by controlling the cavity internal pressure. In this work, we present the results of data recorded by a network of 3 broadband seismometers, 2 accelerometers, 2 tilt-meters and a continuously gravity meter. We relate the variations of the brine pumping rate with the evolutions of the induced geophysical signals and finally we propose a first mechanical model for describing the controlled collapse. Beyond the studied case, extrapolation of the results obtained might contribute to the understanding of uncontrolled cavity collapses, such as pit-craters or calderas at volcanoes.

  7. Geotechnical properties of Egyptian collapsible soils

    Directory of Open Access Journals (Sweden)

    Khaled E. Gaaver

    2012-09-01

    Full Text Available The risk of constructing structures on collapsible soils presents significant challenges to geotechnical engineers due to sudden reduction in volume upon wetting. Identifying collapsible soils when encountered in the field and taking the needed precautions should substantially reduce the risk of such problems usually reported in buildings and highways. Collapsible soils are those unsaturated soils that can withstand relatively high pressure without showing significant change in volume, however upon wetting; they are susceptible to a large and sudden reduction in volume. Collapsible soils cover significant areas around the world. In Egypt, collapsible soils were observed within the northern portion of the western desert including Borg El-Arab region, and around the city of Cairo in Six-of-October plateau, and Tenth-of-Ramadan city. Settlements associated with development on untreated collapsible soils usually lead to expensive repairs. One method for treating collapsible soils is to densify their structure by compaction. The ongoing study presents the effect of compaction on the geotechnical properties of the collapsible soils. Undisturbed block samples were recovered from test pits at four sites in Borg El-Arab district, located at about 20 km west of the city of Alexandria, Egypt. The samples were tested in both unsoaked and soaked conditions. Influence of water inundation on the geotechnical properties of collapsible soils was demonstrated. A comparative study between natural undisturbed and compacted samples of collapsible soils was performed. An attempt was made to relate the collapse potential to the initial moisture content. An empirical correlation between California Bearing Ratio of the compacted collapsible soils and liquid limit was adopted. The presented simple relationships should enable the geotechnical engineers to estimate the complex parameters of collapsible soils using simple laboratory tests with a reasonable accuracy.

  8. FRACTIONAL BANKING

    OpenAIRE

    Maria Klimikova

    2010-01-01

    Understanding the reasons of the present financial problems lies In understanding the substance of fractional reserve banking. The substance of fractional banking is in lending more money than the bankers have. Banking of partial reserves is an alternative form which links deposit banking and credit banking. Fractional banking is causing many unfavorable economic impacts in the worldwide system, specifically an inflation.

  9. FRACTIONAL BANKING

    OpenAIRE

    Maria Klimikova

    2010-01-01

    Understanding the reasons of the present financial problems lies In understanding the substance of fractional reserve banking. The substance of fractional banking is in lending more money than the bankers have. Banking of partial reserves is an alternative form which links deposit banking and credit banking. Fractional banking is causing many unfavorable economic impacts in the worldwide system, specifically an inflation.

  10. BEST BANKS TO BUY IN CHINA

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ CEOs of international banks face their toughest challenge in China. Citibank and HSBC already moved aggressively by taking stakes in the remaining large and well-known banks, such as the Shanghai Pudong Development Bank and the Bank of Communications. Such tie-ups offer opportunities to market credit cards and other banking products through local networks.

  11. BANKING WITHOUT INTEREST

    Directory of Open Access Journals (Sweden)

    Jana Ilieva

    2017-06-01

    Full Text Available In recent years, there has been increased global awareness of Islamic finance. This topic is mainly opened with respect to the great financial crisis that mostly hit the banking system and the financial markets and caused many bank bankruptcies and state interventions. This paper analyzes the basic principles of Islamic banking. The absolute prohibition of receiving and giving interest (Riba and profit-and-loss sharing (PLS paradigms are elaborated in detail; they are primarily based on mudarabah (profit-sharing and musyarakah (joint venture concepts which nowadays are becoming an accepted way of doing business in several Western multinational banks. An overall comparison of the advantages of Islamic vs. conventional banking is also given. Islamic finance technology solutions have matured and they will face various challenges in the following decades, due to conventional banks offering, increasingly, Islamic products. The need for a more comprehensive environment and regulatory framework is emphasized, so that Islamic banking development can be ensured.

  12. Collapsing granular suspensions.

    Science.gov (United States)

    Kadau, D; Andrade, J S; Herrmann, H J

    2009-11-01

    A 2D contact dynamics model is proposed as a microscopic description of a collapsing suspension/soil to capture the essential physical processes underlying the dynamics of generation and collapse of the system. Our physical model is compared with real data obtained from in situ measurements performed with a natural collapsing/suspension soil. We show that the shear strength behavior of our collapsing suspension/soil model is very similar to the behavior of this collapsing suspension soil, for both the unperturbed and the perturbed phases of the material.

  13. Destroy The Bank! (case)

    NARCIS (Netherlands)

    Star, G.J. Van der; Maas, A.

    2016-01-01

    DZ Bank faces some significant challenges for the near future. One of them is the way payments are being made. This case is about Stefan, the Strategic Management Consultant of DZ Bank. He struggles with innovations and new technologies, such as Bitcoins. What does this mean for the future of the ba

  14. Destroy The Bank! (case)

    NARCIS (Netherlands)

    dr. A. Maas; G.J. Van der Star

    2016-01-01

    DZ Bank faces some significant challenges for the near future. One of them is the way payments are being made. This case is about Stefan, the Strategic Management Consultant of DZ Bank. He struggles with innovations and new technologies, such as Bitcoins. What does this mean for the future of the

  15. Retail Banking

    Directory of Open Access Journals (Sweden)

    Adam Szafarczyk

    2008-07-01

    Full Text Available The retail banking plays more and more important role in polish banking sector. There are several targets of this article. First of all is retail banking identification, both in Euroland and Poland. The next one trends, especially household deposits and credits and last retail banking in particular banks.

  16. Internet Banking

    Directory of Open Access Journals (Sweden)

    Felician ALECU

    2006-01-01

    Full Text Available Internet Banking (known also as online banking allows performing transactions and payments over the internet through a bank's secure website. This can be very useful, especially for banking outside bank hours (which tend to be very short and banking from anywhere where internet access is available. In most cases a web browser such as Internet Explorer or Mozilla Firefox is utilized and any normal internet connection is suitable. No special software or hardware is usually needed.

  17. The Impact of Central Bank Liquidity Infusions on Banks with High Level of Foreign Borrowing during the Crisis

    OpenAIRE

    Sokolov, V.

    2012-01-01

    Using data on foreign borrowing, I identify Russian banks that were affected by the sudden stop of external financing caused by the Lehman Brothers' collapse. Applying the difference-in-difference method, I compare these "affected" banks to "unaffected" ones and find that the Russian Central Bank's (CBR) anti-crisis financial assistance primarily went to the former group. Tracing the impact of the CBR's liquidity infusions on banks' portfolio allocation decisions, I find that banks used CBR f...

  18. Gravitational Collapse End States

    OpenAIRE

    Joshi, Pankaj S.

    2004-01-01

    Recent developments on the final state of a gravitationally collapsing massive matter cloud are summarized and reviewed here. After a brief background on the problem, we point out how the black hole and naked singularity end states arise naturally in spherical collapse. We see that it is the geometry of trapped surfaces that governs this phenomena.

  19. 浅谈当前形势下个人银行业务面临的机遇与挑战%Opportunities and Challenges for the Personal Banking Business in the Current Situation

    Institute of Scientific and Technical Information of China (English)

    金玉

    2014-01-01

    近年来,银行的零售业务迅速发展,已经成为银行三大支柱业务之一,本文将简述目前个人银行业务面临的机遇与挑战,并对下一步个人银行业务发展方向提出浅薄建议。%In recent years, the retail business of the bank has developed rapidly, and it has become one of the three mainstay businesses of the bank. This paper expounds the opportunities and challenges of the personal banking business in the current situation, and puts forward suggestions of the development direction of the personal banking business in the next stage.

  20. Computational Models of Stellar Collapse and Core-Collapse Supernovae

    CERN Document Server

    Ott, C D; Burrows, A; Livne, E; O'Connor, E; Löffler, F

    2009-01-01

    Core-collapse supernovae are among Nature's most energetic events. They mark the end of massive star evolution and pollute the interstellar medium with the life-enabling ashes of thermonuclear burning. Despite their importance for the evolution of galaxies and life in the universe, the details of the core-collapse supernova explosion mechanism remain in the dark and pose a daunting computational challenge. We outline the multi-dimensional, multi-scale, and multi-physics nature of the core-collapse supernova problem and discuss computational strategies and requirements for its solution. Specifically, we highlight the axisymmetric (2D) radiation-MHD code VULCAN/2D and present results obtained from the first full-2D angle-dependent neutrino radiation-hydrodynamics simulations of the post-core-bounce supernova evolution. We then go on to discuss the new code Zelmani which is based on the open-source HPC Cactus framework and provides a scalable AMR approach for 3D fully general-relativistic modeling of stellar col...

  1. Green banking

    Directory of Open Access Journals (Sweden)

    Maja Drobnjaković

    2013-06-01

    Full Text Available There is an urgent need to march towards “low - carbon economy”. Global challenges of diminishing fossil fuel reserves, climate change, environmental management and finite natural resources serving an expanding world population - these reasons mean that urgent action is required to transition to solutions which minimize environmental impact and are sustainable. We are at the start of the low - carbon revolution and those that have started on their low - carbon journey already are seeing benefits such as new markets and customers, improved economic, social and environmental performance, and reduced bills and risks. Green investment banks offer alternative financial services: green car loans, energy efficiency mortgages, alternative energy venture capital, eco - savings deposits and green credit cards. These items represent innovative financial products.

  2. Empirical Study of Distinct Features and Challenges of Joint Development of Information Systems: The Case of ABC Bank

    Institute of Scientific and Technical Information of China (English)

    MAO Jiye; SONG Wenmo

    2008-01-01

    The internal development and outsourced development of information systems have been studied intensively, but little research has been conducted on the joint development mode. This paper describes the benefits and problems encountered in the joint development of accounting management information systems based on a real case. The case illustrates some distinct advantages, such as full control over the development schedule, the flexibility with resource allocation, and insurance for sustained active participation by the end-users. However, this development mode also involves potential problems, e.g., potential conflicts arising from diverse backgrounds and cultures of the various stakeholders and challenges to manage personnel from outside partners.

  3. PATHWAYS TO SUSTAINABLE BANKING MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Dragan (Santamarian Oana Raluca

    2012-12-01

    Full Text Available This paper describes one of the major challenges of the future: the sustainable development of the society. Sustainability is now increasingly recognized as central to the growth of emerging market economies. For the banking sector, this represents both a demand for greater social and environmental responsibility as well as a new landscape of business opportunity. Several years ago, the main part of the banks did not consider the social and environmental problems relevant for their operations. Recently, the banks began to realize the major impact of the sustainable development over the way of ulterior development of the society and, implicitly over the way of creating of the banking value in the future. In this context, the development of a banking management system, based on sustainable principles represents one of the provocations of these days.Starting from literature in the sustainable banking management field in this paper are presented several relevant issues related to risk management in the context of sustainable banking financing: the need to implement the sustainable management principles in financial and banking industry; the role of banks in sustainable development of society; social and environmental risk management policies, events that have shaped the role of the banking sector in sustainable development; international standards regarding sustainable banking management such us: Equator Principles for sustainable investment projects’ financing or GRI principles for sustainable reporting. Furthermore, we developed a practical case study related to the implementation of sustainable banking management at Bank of America.

  4. Challenges within Monitoring and Risk-Oriented Analysis of Precipitation- and Hydraulic- Coupled Catastrophic Rock- and Soil-Collapses at Urban and Infrastructural Alpine Areas

    Science.gov (United States)

    Scheikl, M.

    2007-05-01

    Within the past years we investigated several catastrophic soil- and rock-slides along infrastructural and urban areas which are coupled to extreme weather phenomena. This contribution shall show examples, triggered by catastrophic rain-falls and anthropogenic influence. Further, the stress-field between the compliance with legal and economical requirements and the rising frequency of weather induced events shall be discussed from the geoengineers point of view. In the past, engineers were strictly confronted with the detailed geological and geomechanical or numerical analysis of the slope failures. Since the past role of the engineer as inviolable decision leader is increasingly weakened, due to economic control obligations - mostly operated from the far desk - new ways of conviction work had to be developed as well as effective forecasting and monitoring instruments. For this reason the requirement to engineers, regarding the ability to work multidisciplinary and to find more exact models, is risen, which is to be seen positively. In order to fulfill the increasing justification-requires when planning counter measures, several technical and economical aspects are to be described quantitatively now. This quantitative description is the basis for risk- analysis, which has to contain beside other aspects following: a) The shift of the probability of extreme events b) The expected harm at humans at the scenario put to reason c) The expected damage at structures d) The expected super-ordinate economical harm e) The expected costs of counter-measure variants f) The variant related residual risk, expressed in probable occurring costs While the description of the first aspect a) is mainly a geotechnical challenge, which is connected to very detailed knowledge of the slope-failure characteristic, triggering mechanisms as well as related historical and future meteorological data, the aspects c) and e) concern exact technical cost investigations. The real challenges are

  5. Collapse of axion stars

    Science.gov (United States)

    Eby, Joshua; Leembruggen, Madelyn; Suranyi, Peter; Wijewardhana, L. C. R.

    2016-12-01

    Axion stars, gravitationally bound states of low-energy axion particles, have a maximum mass allowed by gravitational stability. Weakly bound states obtaining this maximum mass have sufficiently large radii such that they are dilute, and as a result, they are well described by a leading-order expansion of the axion potential. Heavier states are susceptible to gravitational collapse. Inclusion of higher-order interactions, present in the full potential, can give qualitatively different results in the analysis of collapsing heavy states, as compared to the leading-order expansion. In this work, we find that collapsing axion stars are stabilized by repulsive interactions present in the full potential, providing evidence that such objects do not form black holes. In the last moments of collapse, the binding energy of the axion star grows rapidly, and we provide evidence that a large amount of its energy is lost through rapid emission of relativistic axions.

  6. Collapse of Axion Stars

    CERN Document Server

    Eby, Joshua; Suranyi, Peter; Wijewardhana, L C R

    2016-01-01

    Axion stars, gravitationally bound states of low-energy axion particles, have a maximum mass allowed by gravitational stability. Weakly bound states obtaining this maximum mass have sufficiently large radii such that they are dilute, and as a result, they are well described by a leading-order expansion of the axion potential. Heavier states are susceptible to gravitational collapse. Inclusion of higher-order interactions, present in the full potential, can give qualitatively different results in the analysis of collapsing heavy states, as compared to the leading-order expansion. In this work, we find that collapsing axion stars are stabilized by repulsive interactions present in the full potential, providing evidence that such objects do not form black holes. These dense configurations, which are the endpoints of collapse, have extremely high binding energy, and as a result, decay through number changing $3\\,a\\rightarrow a$ interactions with an extremely short lifetime.

  7. Cosmogenesis and Collapse

    CERN Document Server

    Pearle, Philip

    2010-01-01

    Some possible benefits of dynamical collapse for a quantum theory of cosmogenesis are discussed. These are a possible long wait before creation begins, creation of energy and space, and choice of a particular universe out of a superposition.

  8. Collapse of axion stars

    Energy Technology Data Exchange (ETDEWEB)

    Eby, Joshua [Department of Physics, University of Cincinnati,2600 Clifton Ave, Cincinnati, OH, 45221 (United States); Fermi National Accelerator Laboratory,P.O. Box 500, Batavia, IL, 60510 (United States); Leembruggen, Madelyn; Suranyi, Peter; Wijewardhana, L.C.R. [Department of Physics, University of Cincinnati,2600 Clifton Ave, Cincinnati, OH, 45221 (United States)

    2016-12-15

    Axion stars, gravitationally bound states of low-energy axion particles, have a maximum mass allowed by gravitational stability. Weakly bound states obtaining this maximum mass have sufficiently large radii such that they are dilute, and as a result, they are well described by a leading-order expansion of the axion potential. Heavier states are susceptible to gravitational collapse. Inclusion of higher-order interactions, present in the full potential, can give qualitatively different results in the analysis of collapsing heavy states, as compared to the leading-order expansion. In this work, we find that collapsing axion stars are stabilized by repulsive interactions present in the full potential, providing evidence that such objects do not form black holes. In the last moments of collapse, the binding energy of the axion star grows rapidly, and we provide evidence that a large amount of its energy is lost through rapid emission of relativistic axions.

  9. Alba Patera Collapse Pits

    Science.gov (United States)

    2004-01-01

    [figure removed for brevity, see original site] We will be looking at collapse pits for the next two weeks. Collapse pits on Mars are formed in several ways. In volcanic areas, channelized lava flows can form roofs which insulate the flowing lava. These features are termed lava tubes on Earth and are common features in basaltic flows. After the lava has drained, parts of the roof of the tube will collapse under its own weight. These collapse pits will only be as deep as the bottom of the original lava tube. Another type of collapse feature associated with volcanic areas arises when very large eruptions completely evacuate the magma chamber beneath the volcano. The weight of the volcano will cause the entire edifice to subside into the void space below it. Structural features including fractures and graben will form during the subsidence. Many times collapse pits will form within the graben. In addition to volcanic collapse pits, Mars has many collapse pits formed when volatiles (such as subsurface ice) are released from the surface layers. As the volatiles leave, the weight of the surrounding rock causes collapse pits to form. This image of the Alba Patera region has both lava tube collapse pits (running generally east/west) and subsidence related collapse within structural grabens. Image information: IR instrument. Latitude 26.9, Longitude 256.5 East (103.5 West). 100 meter/pixel resolution. Note: this THEMIS visual image has not been radiometrically nor geometrically calibrated for this preliminary release. An empirical correction has been performed to remove instrumental effects. A linear shift has been applied in the cross-track and down-track direction to approximate spacecraft and planetary motion. Fully calibrated and geometrically projected images will be released through the Planetary Data System in accordance with Project policies at a later time. NASA's Jet Propulsion Laboratory manages the 2001 Mars Odyssey mission for NASA's Office of Space Science

  10. Lava Tube Collapse Pits

    Science.gov (United States)

    2004-01-01

    [figure removed for brevity, see original site] We will be looking at collapse pits for the next two weeks. Collapse pits on Mars are formed in several ways. In volcanic areas, channelized lava flows can form roofs which insulate the flowing lava. These features are termed lava tubes on Earth and are common features in basaltic flows. After the lava has drained, parts of the roof of the tube will collapse under its own weight. These collapse pits will only be as deep as the bottom of the original lava tube. Another type of collapse feature associated with volcanic areas arises when very large eruptions completely evacuate the magma chamber beneath the volcano. The weight of the volcano will cause the entire edifice to subside into the void space below it. Structural features including fractures and graben will form during the subsidence. Many times collapse pits will form within the graben. In addition to volcanic collapse pits, Mars has many collapse pits formed when volatiles (such as subsurface ice) are released from the surface layers. As the volatiles leave, the weight of the surrounding rock causes collapse pits to form. These collapse pits are found in the southern hemisphere of Mars. They are likely lava tube collapse pits related to flows from Hadriaca Patera. Image information: VIS instrument. Latitude -36.8, Longitude 89.6 East (270.4 West). 19 meter/pixel resolution. Note: this THEMIS visual image has not been radiometrically nor geometrically calibrated for this preliminary release. An empirical correction has been performed to remove instrumental effects. A linear shift has been applied in the cross-track and down-track direction to approximate spacecraft and planetary motion. Fully calibrated and geometrically projected images will be released through the Planetary Data System in accordance with Project policies at a later time. NASA's Jet Propulsion Laboratory manages the 2001 Mars Odyssey mission for NASA's Office of Space Science, Washington, D

  11. Ascraeus Mons Collapse Pits

    Science.gov (United States)

    2004-01-01

    [figure removed for brevity, see original site] We will be looking at collapse pits for the next two weeks. Collapse pits on Mars are formed in several ways. In volcanic areas, channelized lava flows can form roofs which insulate the flowing lava. These features are termed lava tubes on Earth and are common features in basaltic flows. After the lava has drained, parts of the roof of the tube will collapse under its own weight. These collapse pits will only be as deep as the bottom of the original lava tube. Another type of collapse feature associated with volcanic areas arises when very large eruptions completely evacuate the magma chamber beneath the volcano. The weight of the volcano will cause the entire edifice to subside into the void space below it. Structural features including fractures and graben will form during the subsidence. Many times collapse pits will form within the graben. In addition to volcanic collapse pits, Mars has many collapse pits formed when volatiles (such as subsurface ice) are released from the surface layers. As the volatiles leave, the weight of the surrounding rock causes collapse pits to form. These collapse pits are found on the flank of Ascraeus Mons. The pits and channels are all related to lava tube formation and emptying. Image information: IR instrument. Latitude 8, Longitude 253.9 East (106.1 West). 100 meter/pixel resolution. Note: this THEMIS visual image has not been radiometrically nor geometrically calibrated for this preliminary release. An empirical correction has been performed to remove instrumental effects. A linear shift has been applied in the cross-track and down-track direction to approximate spacecraft and planetary motion. Fully calibrated and geometrically projected images will be released through the Planetary Data System in accordance with Project policies at a later time. NASA's Jet Propulsion Laboratory manages the 2001 Mars Odyssey mission for NASA's Office of Space Science, Washington, D.C. The Thermal

  12. Sulci Collapse Pits

    Science.gov (United States)

    2004-01-01

    [figure removed for brevity, see original site] We will be looking at collapse pits for the next two weeks. Collapse pits on Mars are formed in several ways. In volcanic areas, channelized lava flows can form roofs which insulate the flowing lava. These features are termed lava tubes on Earth and are common features in basaltic flows. After the lava has drained, parts of the roof of the tube will collapse under its own weight. These collapse pits will only be as deep as the bottom of the original lava tube. Another type of collapse feature associated with volcanic areas arises when very large eruptions completely evacuate the magma chamber beneath the volcano. The weight of the volcano will cause the entire edifice to subside into the void space below it. Structural features including fractures and graben will form during the subsidence. Many times collapse pits will form within the graben. In addition to volcanic collapse pits, Mars has many collapse pits formed when volatiles (such as subsurface ice) are released from the surface layers. As the volatiles leave, the weight of the surrounding rock causes collapse pits to form. This is the Noctis Labyrinthus region of Mars. These collapse pits are forming along structural fractures that are allowing the release of volatiles from the subsurface. This is believed to be the way that chaos terrain forms on Mars. This area represents the early stage of chaos formation. Image information: VIS instrument. Latitude -12.6, Longitude 264 East (96 West). 19 meter/pixel resolution. Note: this THEMIS visual image has not been radiometrically nor geometrically calibrated for this preliminary release. An empirical correction has been performed to remove instrumental effects. A linear shift has been applied in the cross-track and down-track direction to approximate spacecraft and planetary motion. Fully calibrated and geometrically projected images will be released through the Planetary Data System in accordance with Project

  13. Tharsis Collapse Pits

    Science.gov (United States)

    2004-01-01

    [figure removed for brevity, see original site] We will be looking at collapse pits for the next two weeks. Collapse pits on Mars are formed in several ways. In volcanic areas, channelized lava flows can form roofs which insulate the flowing lava. These features are termed lava tubes on Earth and are common features in basaltic flows. After the lava has drained, parts of the roof of the tube will collapse under its own weight. These collapse pits will only be as deep as the bottom of the original lava tube. Another type of collapse feature associated with volcanic areas arises when very large eruptions completely evacuate the magma chamber beneath the volcano. The weight of the volcano will cause the entire edifice to subside into the void space below it. Structural features including fractures and graben will form during the subsidence. Many times collapse pits will form within the graben. In addition to volcanic collapse pits, Mars has many collapse pits formed when volatiles (such as subsurface ice) are released from the surface layers. As the volatiles leave, the weight of the surrounding rock causes collapse pits to form. These collapse pits are found within the extensive lava flows of the Tharsis region. They are related to lava tubes, likely coming from Ascraeus Mons. Image information: VIS instrument. Latitude 22.8, Longitude 266.8 East (93.2 West). 19 meter/pixel resolution. Note: this THEMIS visual image has not been radiometrically nor geometrically calibrated for this preliminary release. An empirical correction has been performed to remove instrumental effects. A linear shift has been applied in the cross-track and down-track direction to approximate spacecraft and planetary motion. Fully calibrated and geometrically projected images will be released through the Planetary Data System in accordance with Project policies at a later time. NASA's Jet Propulsion Laboratory manages the 2001 Mars Odyssey mission for NASA's Office of Space Science, Washington

  14. Tractus Catena Collapse Pits

    Science.gov (United States)

    2004-01-01

    [figure removed for brevity, see original site] We will be looking at collapse pits for the next two weeks. Collapse pits on Mars are formed in several ways. In volcanic areas, channelized lava flows can form roofs which insulate the flowing lava. These features are termed lava tubes on Earth and are common features in basaltic flows. After the lava has drained, parts of the roof of the tube will collapse under its own weight. These collapse pits will only be as deep as the bottom of the original lava tube. Another type of collapse feature associated with volcanic areas arises when very large eruptions completely evacuate the magma chamber beneath the volcano. The weight of the volcano will cause the entire edifice to subside into the void space below it. Structural features including fractures and graben will form during the subsidence. Many times collapse pits will form within the graben. In addition to volcanic collapse pits, Mars has many collapse pits formed when volatiles (such as subsurface ice) are released from the surface layers. As the volatiles leave, the weight of the surrounding rock causes collapse pits to form. These collapse pits are found in graben located in Tractus Catena. These features are related to subsidence after magma chamber evacuation of Alba Patera. Image information: VIS instrument. Latitude 35.8, Longitude 241.7 East (118.3 West). 19 meter/pixel resolution. Note: this THEMIS visual image has not been radiometrically nor geometrically calibrated for this preliminary release. An empirical correction has been performed to remove instrumental effects. A linear shift has been applied in the cross-track and down-track direction to approximate spacecraft and planetary motion. Fully calibrated and geometrically projected images will be released through the Planetary Data System in accordance with Project policies at a later time. NASA's Jet Propulsion Laboratory manages the 2001 Mars Odyssey mission for NASA's Office of Space Science

  15. Banking Bank Charge Debates Continue

    Institute of Scientific and Technical Information of China (English)

    WANG PEI

    2006-01-01

    @@ The saying, "There's no such thing as a free lunch" is one that can be applied to the charges increasingly being imposed on savers by Chinese banks.Ranging from managementfees for small deposit accounts to charges for withdrawals of large amounts of cash, from ATM cross-bank withdrawal charges to annual fees for bank payment cards, charges by banks are becoming a unstoppable trend. But it is not a trend the general public is so keen to accept.

  16. Conparison of Earnings Power between State Commercial Banks and Stock Banks

    Institute of Scientific and Technical Information of China (English)

    顾晓敏; 朱赟赟

    2004-01-01

    As earnings power is one of the primary capacities for commercial banks, by analyzing several indexes on banks'operation performance, this article compared the earnings power between the state banks and the stock banks in China. Through the analysis, some problems of domestic banks may be found and pointed out that the commercial bank should stress on the target of profit maximum to avoid the financial risks. With enough earnings power, the domestic banks can take the challenge with those foreign banks entering domestic money market.

  17. Is shadow banking really banking?

    OpenAIRE

    Bryan J. Noeth; Rajdeep Sengupta

    2011-01-01

    To those who don't know, the term "shadow banking" probably has a negative connotation. This primer draws parallels between what has been termed the shadow banking sector and the traditional banking sector—showing that they are similar in many ways.

  18. Bank regulation and banking stability

    NARCIS (Netherlands)

    Boot, A.; Thakor, A.V.

    2014-01-01

    This note discusses some issues in bank closure policy from a financial stability standpoint and how these issues have evolved since we first raised the question of how a reputation-driven divergence of interests between bank regulators and taxpayers may distort bank closure policy in our 1993 paper

  19. The role of financial groups in Russia's banking crisis

    NARCIS (Netherlands)

    Perotti, E.C.

    1999-01-01

    This article reviews the role of financial groups in financial crises, and then applies the lessons learnt to Russia though a detailed analysis of the ruble collapse, the GKO default and the banking crisis.

  20. Growth cone collapse assay.

    Science.gov (United States)

    Cook, Geoffrey M W; Jareonsettasin, Prem; Keynes, Roger J

    2014-01-01

    The growth cone collapse assay has proved invaluable in detecting and purifying axonal repellents. Glycoproteins/proteins present in detergent extracts of biological tissues are incorporated into liposomes, added to growth cones in culture and changes in morphology are then assessed. Alternatively purified or recombinant molecules in aqueous solution may be added directly to the cultures. In both cases after a defined period of time (up to 1 h), the cultures are fixed and then assessed by inverted phase contrast microscopy for the percentage of growth cones showing a collapsed profile with loss of flattened morphology, filopodia, and lamellipodia.

  1. On bore collapse

    Science.gov (United States)

    Yeh, Harry H.; Ghazali, A.

    1988-06-01

    Using the laser-induced fluorescent method, the transition process from bore to runup mode, i.e., "bore collapse," is investigated experimentally. The observed process appears to be different from both previous analytical and numerical predictions. The results indicate that momentum exchange takes place between the incident bore and the quiescent water body along the shoreline. Turbulence generated in a bore nearshore is highly three-dimensional and sporadic. Very close to the shore, turbulence is advected with the bore front, and consequently, the bore collapse process involves strong turbulent action onto the dry beach bed.

  2. An Overview of Corporate Governance Practices of Selected Islamic Banks

    Directory of Open Access Journals (Sweden)

    Zainab Belal

    2016-05-01

    Full Text Available Complying with Corporate Governance (CG standards is not mandatory but with collapse of many financial institutions, compliance with high standards of CG in banking operation has become a necessity. This is due to the fact that many banks and companies worldwide collapsed as a result of poor corporate governance practices such as Bank of Credit and Commerce International (BCCI 1991, Barings Bank 1995, Lehman Brothers 2008, Enron 2001, WorldCom 2001, etc. Therefore, the objective of this paper is to examine and ascertain whether present level of CG standards practiced by Islamic banks is adequate to prevent or safeguard the banks from collapsing. The approach of the study is to evaluate the effectiveness of board and the various board committees utilizing data published in financial statement of the selected banks. The methodology used in this paper is analytical descriptive to reach accurate results and as more appropriate approach with this research. The study finds out that the selected banks comply with CG standards adopted; however such compliance does not mean that the board, the board committees will be constantly reliable. Therefore, instilling the Islamic values such as the concepts of ih}sân, honesty, and accountability is paramount to prevent CG failures and protect/safeguard the banks from collapsing.

  3. Banks Sparkle

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    There is no doubt that China’s banking system is a calm port in the global financial storm. Moreover, a great regulatory firewall and an easing monetary environment have enabled Chinese banks to increase lending and help shrug off the economic downturn. Yi Xianrong, a researcher at the Institute of Finance and Banking under the Chinese Academy of Social Sciences, discussed this topic in a recent article in the Shanghai Securities Journal. Edited excerpts follow:

  4. Workability and Effectiveness of Assets Management Corporation of Nigeria Act 2010: Intervention in the Nigeria Banking Sector Crisis

    Directory of Open Access Journals (Sweden)

    Mmadu, R. A. O.

    2012-12-01

    Full Text Available The challenges and prospects of rescue interventions to corporate failures and the Banking Sector Crisis in Nigeria are the focus of this paper. In Nigeria, the impact of the global economic crisis shifted from the capital market to the banking sector where an estimated $10 billion of toxic assets were held by banks whose assets suffered capital erosion due to market collapse. This paper assesses the rescue intervention by the Central Bank of Nigeria through the Assets Management Corporation of Nigeria Act 2010 (AMCON Act and employs as a method, analytical exposition of the Act in this work. The paper finds that lack of corporate governance and incentive problems caused Nigeria's banking sector crisis. It argues that though the provisions of the AMCON Act are aimed at compelling corporate governance and international best practices, inherent weaknesses and inconsistencies with superior legislations leave a big question mark on its applicability and effectiveness. The paper calls for legislative rethink if Nigeria must prevent future failures in the banking sector and rebuild confidence in the investing public as well as in bank depositors.

  5. Collapsible Geostrut Structure

    Science.gov (United States)

    Robertson, Glen A.

    1994-01-01

    Portable truss structure collapsible into smaller volume for storage and transportation. At new site, reerected quickly, without need to reassemble parts. Structure could be tent, dome, tunnel, or platform. Key element in structure joint, called "geostrut joint," includes internal cable. Structure is network of struts attached to geostrut joints. Pulling cables taut in all joints makes structure rigid. Releasing cables relaxes structure.

  6. Scapholunate advanced collapse.

    Science.gov (United States)

    Pomeranz, Stephen J; Salazar, Peter

    2015-01-01

    This case study reviews the pathophysiology of scapholunate advanced collapse (SLAC), which is the most common etiology of degenerative arthritis in the wrist. The scapholunate ligament serves a critical role in stability of the carpus. Disruption of the scapholunate ligament, its sequela, and the magnetic resonance imaging evaluation are discussed, with review of the defining features of this disease and its progression.

  7. Dancing building prevents collapse

    NARCIS (Netherlands)

    Visscher, R.

    2007-01-01

    In future, anybody caught inside a building during an earthquake need no longer fear the roof collapsing on them. Thanks to the use of composite materials, all the building will do is dance along, riding the waves of the earthquake. At least, according to Professor Ir. Adriaan Beukers of the

  8. Impact Crater Collapse

    Science.gov (United States)

    Melosh, H. J.; Ivanov, B. A.

    The detailed morphology of impact craters is now believed to be mainly caused by the collapse of a geometrically simple, bowl-shaped "transient crater." The transient crater forms immediately after the impact. In small craters, those less than approximately 15 km diameter on the Moon, the steepest part of the rim collapses into the crater bowl to produce a lens of broken rock in an otherwise unmodified transient crater. Such craters are called "simple" and have a depth-to-diameter ratio near 1:5. Large craters collapse more spectacularly, giving rise to central peaks, wall terraces, and internal rings in still larger craters. These are called "complex" craters. The transition between simple and complex craters depends on 1/g, suggesting that the collapse occurs when a strength threshold is exceeded. The apparent strength, however, is very low: only a few bars, and with little or no internal friction. This behavior requires a mechanism for temporary strength degradation in the rocks surrounding the impact site. Several models for this process, including acoustic fluidization and shock weakening, have been considered by recent investigations. Acoustic fluidization, in particular, appears to produce results in good agreement with observations, although better understanding is still needed.

  9. Dancing building prevents collapse

    NARCIS (Netherlands)

    Visscher, R.

    2007-01-01

    In future, anybody caught inside a building during an earthquake need no longer fear the roof collapsing on them. Thanks to the use of composite materials, all the building will do is dance along, riding the waves of the earthquake. At least, according to Professor Ir. Adriaan Beukers of the Aerospa

  10. Road Collapse in Magnum

    NARCIS (Netherlands)

    Wilschut, A.N.; van Zwol, Roelof; Flokstra, Jan; Brasa, Niek; Quak, Wilko

    1998-01-01

    This paper describes the implementation of a triangulation based collapse algorithm in the general-purpose object oriented DBMS Magnum. The contribution of the paper is twofold. First, we show that true integration of complex spatial functionality in a DBMS can be achieved. Second, we worked out a c

  11. Dancing building prevents collapse

    NARCIS (Netherlands)

    Visscher, R.

    2007-01-01

    In future, anybody caught inside a building during an earthquake need no longer fear the roof collapsing on them. Thanks to the use of composite materials, all the building will do is dance along, riding the waves of the earthquake. At least, according to Professor Ir. Adriaan Beukers of the Aerospa

  12. Core-Collapse Supernovae: Reflections and Directions

    CERN Document Server

    Janka, H -Thomas; Huedepohl, Lorenz; Marek, Andreas; Mueller, Bernhard; Obergaulinger, Martin

    2012-01-01

    Core-collapse supernovae are among the most fascinating phenomena in astrophysics and provide a formidable challenge for theoretical investigation. They mark the spectacular end of the lives of massive stars and, in an explosive eruption, release as much energy as the sun produces during its whole life. A better understanding of the astrophysical role of supernovae as birth sites of neutron stars, black holes, and heavy chemical elements, and more reliable predictions of the observable signals from stellar death events are tightly linked to the solution of the long-standing puzzle how collapsing stars achieve to explode. In this article our current knowledge of the processes that contribute to the success of the explosion mechanism are concisely reviewed. After a short overview of the sequence of stages of stellar core-collapse events, the general properties of the progenitor-dependent neutrino emission will be briefly described. Applying sophisticated neutrino transport in axisymmetric (2D) simulations with ...

  13. Collapse in the Endurance Athlete

    Institute of Scientific and Technical Information of China (English)

    Robert Sallis

    2005-01-01

    @@ KEY POINTS · Most cases of collapse are benign in nature and occur after an athlete crosses the finish line or stops exercising. Athletes who collapse before finishing are more likely to have a serious condition.

  14. Rigid collapsible dish structure

    Science.gov (United States)

    Palmer, William B. (Inventor); Giebler, Martin M. (Inventor)

    1982-01-01

    A collapsible dish structure composed of a plurality of rows of rigid radial petal assemblies concentric with the axis of the dish. The petal assemblies consist of a center petal and two side petals, the center petal hinged on an axis tangent to a circle concentric with the axis of the dish and the side petals hinged to the center petal at their mating edge. The center petal is foldable inwardly and the side petals rotate about their hinges such that the collapsed dish structure occupies a much smaller volume than the deployed dish. Means of controlling the shape of the dish to compensate for differential expansion of the deployed dish are also provided.

  15. On the Wavefunction Collapse

    Directory of Open Access Journals (Sweden)

    Ovidiu Cristinel Stoica

    2016-01-01

    Full Text Available Wavefunction collapse is usually seen as a discontinuous violation of the unitary evolution of a quantum system, caused by the observation. Moreover, the collapse appears to be nonlocal in a sense which seems at odds with general relativity. In this article the possibility that the wavefunction evolves continuously and hopefully unitarily during the measurement process is analyzed. It is argued that such a solution has to be formulated using a time symmetric replacement of the initial value problem in quantum mechanics. Major difficulties in apparent conflict with unitary evolution are identified, but eventually its possibility is not completely ruled out. This interpretation is in a weakened sense both local and realistic, without contradicting Bell's theorem. Moreover, if it is true, it makes general relativity consistent with quantum mechanics in the semiclassical framework.Quanta 2016; 5: 19–33.

  16. Shock induced cavity collapse

    Science.gov (United States)

    Skidmore, Jonathan; Doyle, Hugo; Tully, Brett; Betney, Matthew; Foster, Peta; Ringrose, Tim; Ramasamy, Rohan; Parkin, James; Edwards, Tom; Hawker, Nicholas

    2016-10-01

    Results from the experimental investigation of cavity collapse driven by a strong planar shock (>6km/s) are presented. Data from high speed framing cameras, laser backlit diagnostics and time-resolved pyromety are used to validate the results of hydrodynamic front-tracking simulations. As a code validation exercise, a 2-stage light gas gun was used to accelerate a 1g Polycarbonate projectile to velocities exceeding 6km/s; impact with a PMMA target containing a gas filled void results in the formation of a strong shockwave with pressures exceeding 1Mbar. The subsequent phenomena associated with the collapse of the void and excitation of the inert gas fill are recorded and compared to simulated data. Variation of the mass density and atomic number of the gas fill is used to alter the plasma parameters furthering the extent of the code validation.

  17. Self-Collapse Lithography.

    Science.gov (United States)

    Zhao, Chuanzhen; Xu, Xiaobin; Yang, Qing; Man, Tianxing; Jonas, Steven J; Schwartz, Jeffrey J; Andrews, Anne M; Weiss, Paul S

    2017-08-09

    We report a facile, high-throughput soft lithography process that utilizes nanoscale channels formed naturally at the edges of microscale relief features on soft, elastomeric stamps. Upon contact with self-assembled monolayer (SAM) functionalized substrates, the roof of the stamp collapses, resulting in the selective removal of SAM molecules via a chemical lift-off process. With this technique, which we call self-collapse lithography (SCL), sub-30 nm patterns were achieved readily using masters with microscale features prepared by conventional photolithography. The feature sizes of the chemical patterns can be varied continuously from ∼2 μm to below 30 nm by decreasing stamp relief heights from 1 μm to 50 nm. Likewise, for fixed relief heights, reducing the stamp Young's modulus from ∼2.0 to ∼0.8 MPa resulted in shrinking the features of resulting patterns from ∼400 to ∼100 nm. The self-collapse mechanism was studied using finite element simulation methods to model the competition between adhesion and restoring stresses during patterning. These results correlate well with the experimental data and reveal the relationship between the line widths, channel heights, and Young's moduli of the stamps. In addition, SCL was applied to pattern two-dimensional arrays of circles and squares. These chemical patterns served as resists during etching processes to transfer patterns to the underlying materials (e.g., gold nanostructures). This work provides new insights into the natural propensity of elastomeric stamps to self-collapse and demonstrates a means of exploiting this behavior to achieve patterning via nanoscale chemical lift-off lithography.

  18. Inhomogeneous electromagnetic gravitational collapse

    Energy Technology Data Exchange (ETDEWEB)

    Stein-Schabes, J.A.

    1985-04-15

    The collapse of an inhomogeneous dust cloud in the presence of an electromagnetic field is investigated in detail. The possibility of a naked singularity arising is studied using some known solutions for a spherical charged inhomogeneous dust cloud. It is found that locally naked singularities may develop when the arbitrary functions in the solution are chosen in a special way, but that a global naked singularity will not form. Also the role of the electromagnetic pressure is discussed.

  19. Collapse, environment, and society.

    Science.gov (United States)

    Butzer, Karl W

    2012-03-06

    Historical collapse of ancient states poses intriguing social-ecological questions, as well as potential applications to global change and contemporary strategies for sustainability. Five Old World case studies are developed to identify interactive inputs, triggers, and feedbacks in devolution. Collapse is multicausal and rarely abrupt. Political simplification undermines traditional structures of authority to favor militarization, whereas disintegration is preconditioned or triggered by acute stress (insecurity, environmental or economic crises, famine), with breakdown accompanied or followed by demographic decline. Undue attention to stressors risks underestimating the intricate interplay of environmental, political, and sociocultural resilience in limiting the damages of collapse or in facilitating reconstruction. The conceptual model emphasizes resilience, as well as the historical roles of leaders, elites, and ideology. However, a historical model cannot simply be applied to contemporary problems of sustainability without adjustment for cumulative information and increasing possibilities for popular participation. Between the 14th and 18th centuries, Western Europe responded to environmental crises by innovation and intensification; such modernization was decentralized, protracted, flexible, and broadly based. Much of the current alarmist literature that claims to draw from historical experience is poorly focused, simplistic, and unhelpful. It fails to appreciate that resilience and readaptation depend on identified options, improved understanding, cultural solidarity, enlightened leadership, and opportunities for participation and fresh ideas.

  20. ELECTRONIC BANKING SERVICES IN ECONOMY BASED ON KNOWLEDGE

    Directory of Open Access Journals (Sweden)

    Răbonţu Cecilia Irina

    2009-05-01

    Full Text Available The term "electronic banking" or "ebanking" covers both computer and telephone banking. Using computer banking, a charity’s computer either dials directly into its bank's computer or gains access to the bank’s computer over the internet. Using telephone banking, the charity controls its bank accounts by giving the bank instructions over the telephone. Both computer and telephone banking involve the use of passwords which give access to the charity’s accounts. Technological innovation and competition among existing banking organizations have allowed a wider array of banking products and services to become accessible and delivered through the Internet. The rapid development of e-banking capabilities carries risks as well as benefits. The bankers are to recognize, address and manage banking institutions in a prudent manner according to the fundamental characteristics and challenges of e-banking services

  1. ACCEPTANCE OF E-BANKING AMONG CUSTOMERS

    OpenAIRE

    K.T. Geetha; V.Malarvizhi

    2012-01-01

    Financial liberalization and technology revolution have allowed the developments of newand more efficient delivery and processing channels as well as more innovative products andservices in banking industry. Banking institutions are facing competition not only from each otherbut also from non-bank financial intermediaries as well as from alternative sources of financing.Another strategic challenge facing banking institutions today is the growing and changing needsand expectations of consumers...

  2. Inside money, procyclical leverage, and banking catastrophes.

    Directory of Open Access Journals (Sweden)

    Charles D Brummitt

    Full Text Available We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible into currency at par can generate a collapse in asset prices and widespread bank insolvency. The banks and investors share a common belief about the future value of certain long-term assets, but they have different objective functions; changes to this common belief result in portfolio adjustments and trade. Positive belief shocks induce banks to buy risky assets from investors, and the banks finance those purchases by issuing new short-term liabilities. Negative belief shocks induce banks to sell assets in order to reduce their chance of insolvency to a tolerably low level, and they supply more assets at lower prices, which can result in multiple market-clearing prices. A sufficiently severe negative shock causes the set of equilibrium prices to contract (in a manner given by a cusp catastrophe, causing prices to plummet discontinuously and banks to become insolvent. Successive positive and negative shocks of equal magnitude do not cancel; rather, a banking catastrophe can occur even if beliefs simply return to their initial state. Capital requirements can prevent crises by curtailing the expansion of balance sheets when beliefs become more optimistic, but they can also force larger price declines. Emergency asset price supports can be understood as attempts by a central bank to coordinate expectations on an equilibrium with solvency.

  3. Inside money, procyclical leverage, and banking catastrophes.

    Science.gov (United States)

    Brummitt, Charles D; Sethi, Rajiv; Watts, Duncan J

    2014-01-01

    We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible into currency at par) can generate a collapse in asset prices and widespread bank insolvency. The banks and investors share a common belief about the future value of certain long-term assets, but they have different objective functions; changes to this common belief result in portfolio adjustments and trade. Positive belief shocks induce banks to buy risky assets from investors, and the banks finance those purchases by issuing new short-term liabilities. Negative belief shocks induce banks to sell assets in order to reduce their chance of insolvency to a tolerably low level, and they supply more assets at lower prices, which can result in multiple market-clearing prices. A sufficiently severe negative shock causes the set of equilibrium prices to contract (in a manner given by a cusp catastrophe), causing prices to plummet discontinuously and banks to become insolvent. Successive positive and negative shocks of equal magnitude do not cancel; rather, a banking catastrophe can occur even if beliefs simply return to their initial state. Capital requirements can prevent crises by curtailing the expansion of balance sheets when beliefs become more optimistic, but they can also force larger price declines. Emergency asset price supports can be understood as attempts by a central bank to coordinate expectations on an equilibrium with solvency.

  4. Inside Money, Procyclical Leverage, and Banking Catastrophes

    Science.gov (United States)

    Brummitt, Charles D.; Sethi, Rajiv; Watts, Duncan J.

    2014-01-01

    We explore a model of the interaction between banks and outside investors in which the ability of banks to issue inside money (short-term liabilities believed to be convertible into currency at par) can generate a collapse in asset prices and widespread bank insolvency. The banks and investors share a common belief about the future value of certain long-term assets, but they have different objective functions; changes to this common belief result in portfolio adjustments and trade. Positive belief shocks induce banks to buy risky assets from investors, and the banks finance those purchases by issuing new short-term liabilities. Negative belief shocks induce banks to sell assets in order to reduce their chance of insolvency to a tolerably low level, and they supply more assets at lower prices, which can result in multiple market-clearing prices. A sufficiently severe negative shock causes the set of equilibrium prices to contract (in a manner given by a cusp catastrophe), causing prices to plummet discontinuously and banks to become insolvent. Successive positive and negative shocks of equal magnitude do not cancel; rather, a banking catastrophe can occur even if beliefs simply return to their initial state. Capital requirements can prevent crises by curtailing the expansion of balance sheets when beliefs become more optimistic, but they can also force larger price declines. Emergency asset price supports can be understood as attempts by a central bank to coordinate expectations on an equilibrium with solvency. PMID:25136959

  5. Gravitational waves from gravitational collapse

    Energy Technology Data Exchange (ETDEWEB)

    Fryer, Christopher L [Los Alamos National Laboratory; New, Kimberly C [Los Alamos National Laboratory

    2008-01-01

    Gravitational wave emission from stellar collapse has been studied for nearly four decades. Current state-of-the-art numerical investigations of collapse include those that use progenitors with more realistic angular momentum profiles, properly treat microphysics issues, account for general relativity, and examine non-axisymmetric effects in three dimensions. Such simulations predict that gravitational waves from various phenomena associated with gravitational collapse could be detectable with ground-based and space-based interferometric observatories. This review covers the entire range of stellar collapse sources of gravitational waves: from the accretion induced collapse of a white dwarf through the collapse down to neutron stars or black holes of massive stars to the collapse of supermassive stars.

  6. Gravitational Waves from Gravitational Collapse

    Directory of Open Access Journals (Sweden)

    Chris L. Fryer

    2011-01-01

    Full Text Available Gravitational-wave emission from stellar collapse has been studied for nearly four decades. Current state-of-the-art numerical investigations of collapse include those that use progenitors with more realistic angular momentum profiles, properly treat microphysics issues, account for general relativity, and examine non-axisymmetric effects in three dimensions. Such simulations predict that gravitational waves from various phenomena associated with gravitational collapse could be detectable with ground-based and space-based interferometric observatories. This review covers the entire range of stellar collapse sources of gravitational waves: from the accretion-induced collapse of a white dwarf through the collapse down to neutron stars or black holes of massive stars to the collapse of supermassive stars.

  7. Challenges of Automated Teller Machine (ATM Usage and Fraud Occurrences in Nigeria – A Case Study of Selected Banks in Minna Metropolis

    Directory of Open Access Journals (Sweden)

    Adelowo Solomon Adepoju

    2010-08-01

    Full Text Available Over time, consumers have come to depend on and trust the Automatic Teller Machine (ATM to conveniently meet their banking needs. But in recent time there have been a proliferation of ATM frauds in the country even and across the globe. Managing the risk associated with ATM fraud as well as diminishing its impact is an important issue that face financial institutions as fraud techniques have become more advanced with increased occurrences. The ATM is only one of many Electronic Funds Transfer (EFT devices that are vulnerable to fraud attacks. This paper carried out an empirical research to analyse the cases of ATM usage and fraud occurrences within some banks in Minna. The research identifies the common ATM fraud, how, where and when these frauds are perpetuated and then proffer security recommendation that should be adhered to by both the banks as financial institutions and the ATM users in order to eliminate or reduce it to the barest minimum

  8. Fuel management inside the reactor. Project AZ-101 (ININ). Report of the generation of the nuclear bank 'L1PG3826' of the assemblies GE5 and GE9B 'collapsed' of the CNLV for the FCS-II program of the FMS system; Administracion de combustible dentro del reactor. Proyecto AZ-101 (ININ). Reporte de generacion del banco nuclear 'L1PG3826' de los ensambles GE5 y GE9B 'colapsados' de la CNLV para el programa FCS-II del FMS

    Energy Technology Data Exchange (ETDEWEB)

    Alonso V, G.; Torres A, C

    1991-06-15

    In order to be able to carry out studies but next to the operation of the reactor of the CNLV with the program FCS-II of the package of codes for the fuel management FMS, it was generated a 'collapsed' nuclear bank integrating the generated information with RECORD of each one of those assemblies of the initial load and of the first recharge. To generate the bank, the different ones RECORD 'cells' that compose each assemble were 'collapsed' to an alone one, representing this, to the one complete assemble in what refers to the fuel bars distribution and enrichments. The one collapsed of each assemble it is made averaging the content of UO{sub 2} and Gd{sub 2}O{sub 3} in each fuel bar by the volumetric fraction occupied by each axial section of the fuel bar where the content of UO{sub 2} and Gd{sub 2}O{sub 3} were constant, by this way the x-y fuel bars arrangement is conserved but a representative fuel cell of all the assemble is obtained. Of the five different assemblies that will be load in the reactor of the CNLV (3 of the initial load and 2 of the first recharge), only 4 were collapsed; the remaining one to be totally formed by natural uranium it was not necessary to collapse. From the collapsing process new enrichment values in U-235 and in content of Gd{sub 2}O{sub 3} for each fuel bar, for what according to the generation procedure of nuclear information it was generated the required information by RECORD for each fuel bar with Gd{sub 2}O{sub 3} with the ECLIPSE code. Once generated this information it was proceeded to generate the homogenized nuclear information, with RECORD, for the whole cell. According to the requirements of nuclear information of FCS-II, the nuclear Information generated with RECORD only was of the defined type as series 1 in the procedure of generation of nuclear banks '6F3/1/CN029/90/P1'; that which means that only it was generated nuclear information as function of the burnup of the fuel and of

  9. Experimental study on the bank erosion and interaction with near-bank bed evolution due to fluvial hydraulic force

    Institute of Scientific and Technical Information of China (English)

    Ming-hui YU; Hong-yan WEI; Song-bai WU

    2015-01-01

    Bank erosion is a typical process of lateral channel migration, which is accompanied by vertical bed evolution. As a main sediment source, the failed bank soil may directly cause the increase of sediment concentration and considerable channel evolution in a short time. The paper presents an experimental study on non-cohesive and cohesive homogenous bank failure processes, influence of the failed bank soil on bank re-collapse, as well as the interaction between bank failure and near-bank bed evolution due to fluvial hydraulic force. A series of experiments were carried out in a 180° bend rectangular flume. The results reveal the iteration cycle between bank erosion and bed deformation: undercutting of the riverbank, slip failure of the submerged zone of the bank, as well as cantilever failure of the overhang, failed bank soil staying at bank toe temporarily or hydraulic transportation, exchange between the failed bank soil and bed material, bed material load being re-transported either as bed load or as suspended load, and bed deformation. Same as bank failure, the mixing of failed bank soil and bed material is more severe near the curved flow apex. Moreover, non-cohesive bank failure tends to occur near the water surface while cohesive bank failure near the bank toe. For non-cohesive dense (sandy) soil, the bank erosion amount and residual amount of failed bank soil on the bed increase with the near-bank velocity or bed erodibility. But for cohesive soil, only bank erosion amount follows the above rule. The results are expected to provide theoretical basis for river management and flood prevention.

  10. PREFACE: Collapse Calderas Workshop

    Science.gov (United States)

    Gottsmann, Jo; Aguirre-Diaz, Gerardo

    2008-10-01

    Caldera-formation is one of the most awe-inspiring and powerful displays of nature's force. Resultant deposits may cover vast areas and significantly alter the immediate topography. Post-collapse activity may include resurgence, unrest, intra-caldera volcanism and potentially the start of a new magmatic cycle, perhaps eventually leading to renewed collapse. Since volcanoes and their eruptions are the surface manifestation of magmatic processes, calderas provide key insights into the generation and evolution of large-volume silicic magma bodies in the Earth's crust. Despite their potentially ferocious nature, calderas play a crucial role in modern society's life. Collapse calderas host essential economic deposits and supply power for many via the exploitation of geothermal reservoirs, and thus receive considerable scientific, economic and industrial attention. Calderas also attract millions of visitors world-wide with their spectacular scenic displays. To build on the outcomes of the 2005 calderas workshop in Tenerife (Spain) and to assess the most recent advances on caldera research, a follow-up meeting was proposed to be held in Mexico in 2008. This abstract volume presents contributions to the 2nd Calderas Workshop held at Hotel Misión La Muralla, Querétaro, Mexico, 19-25 October 2008. The title of the workshop `Reconstructing the evolution of collapse calderas: Magma storage, mobilisation and eruption' set the theme for five days of presentations and discussions, both at the venue as well as during visits to the surrounding calderas of Amealco, Amazcala and Huichapan. The multi-disciplinary workshop was attended by more than 40 scientist from North, Central and South America, Europe, Australia and Asia. Contributions covered five thematic topics: geology, geochemistry/petrology, structural analysis/modelling, geophysics, and hazards. The workshop was generously supported by the International Association of Volcanology and the Chemistry of The Earth's Interior

  11. (Extreme) Core-collapse Supernova Simulations

    Science.gov (United States)

    Mösta, Philipp

    2017-01-01

    In this talk I will present recent progress on modeling core-collapse supernovae with massively parallel simulations on the largest supercomputers available. I will discuss the unique challenges in both input physics and computational modeling that come with a problem involving all four fundamental forces and relativistic effects and will highlight recent breakthroughs overcoming these challenges in full 3D simulations. I will pay particular attention to how these simulations can be used to reveal the engines driving some of the most extreme explosions and conclude by discussing what remains to be done in simulation work to maximize what we can learn from current and future time-domain astronomy transient surveys.

  12. Disproportionate Collapse in Building Structures.

    OpenAIRE

    JANSSENS, VICTORIA MARIA; O'DWYER, DERMOT WILLIAM

    2010-01-01

    PUBLISHED Cork, Ireland The failure of the Ronan Point apartment tower focused interest in disproportionate collapse, and prompted the ?Fifth Amendment? to the UK Building Regulations which was introduced in 1970. From this point on structures were required to exhibit a minimum level of robustness to resist progressive collapse. These rules have remained relatively unchanged for over 40 years. This paper presents a review of the concepts relating to structural collapse, and the robustne...

  13. Cylindrical Collapse and Gravitational Waves

    CERN Document Server

    Herrera, L

    2005-01-01

    We study the matching conditions for a collapsing anisotropic cylindrical perfect fluid, and we show that its radial pressure is non zero on the surface of the cylinder and proportional to the time dependent part of the field produced by the collapsing fluid. This result resembles the one that arises for the radiation - though non-gravitational - in the spherically symmetric collapsing dissipative fluid, in the diffusion approximation.

  14. On collapsibilities of Yule's measure

    Institute of Scientific and Technical Information of China (English)

    2001-01-01

    impson's paradox reminds people that the statistical inference in a low-dimensional space probably distorts the reality in a high one seriously.To study the paradox with respect to Yule's measure,this paper discusses simple collapsibility,strong collapsibility and consecutive collapsibility,and presents necessary and sufficient conditions of them.In fact,these conditions are of great importance for observational and experimental designs,eliminating confounding bias,categorizing discrete variables and so on.

  15. Challenges of Automated Teller Machine (ATM) Usage and Fraud Occurrences in Nigeria – A Case Study of Selected Banks in Minna Metropolis

    OpenAIRE

    Adelowo Solomon Adepoju; Mohammed Enagi Alhassan

    2010-01-01

    Over time, consumers have come to depend on and trust the Automatic Teller Machine (ATM) to conveniently meet their banking needs. But in recent time there have been a proliferation of ATM frauds in the country even and across the globe. Managing the risk associated with ATM fraud as well as diminishing its impact is an important issue that face financial institutions as fraud techniques have become more advanced with increased occurrences. The ATM is only one of many ...

  16. Achievement of the World Bank loan project on schistosomiasis control (1992-2000) in Hubei province and the challenge in the future.

    Science.gov (United States)

    Changsong, Sun; Binggui, Yu; Hongyi, Liao; Yuhai, Dai; Xu, Xingjian; Huiguo, Zhu; Yong, Jiang

    2002-05-01

    Since the World Bank provided a loan for control of schistosomiasis in China, started from 1992, with the objective of a reduction of prevalence and intensity of the infection both in humans and animals by 40%, through mass chemotherapy in areas of high prevalence, and selective chemotherapy in areas with medium and low endemicity together with focal mollusciciding, the objective of morbidity control of the project has been reached in Hubei Province.

  17. Achievements and challenges of the World Bank Loan/Department for International Development grant-assisted Tuberculosis Control Project in China.

    Science.gov (United States)

    Kong, Peng; Jiang, Xu; Zhang, Ben; Jiang, Shi-wen; Liu, Bo

    2011-07-01

    In March 2002, the government of China launched the World Bank Loan/ Department for International Development-supported Tuberculosis (TB) Control Project to reduce the prevalence and mortality of TB. The project generated promising results in policy development, strengthening of TB control systems, patient treatment success, funds management, and the introduction of legislation. In light of the global TB epidemic and control environment, it is useful to review the TB control priorities of the project, summarize the achievements and experiences around its implementation.

  18. Spherical collapse for unified dark matter models

    CERN Document Server

    Caramês, Thiago R P; Velten, Hermano E S

    2014-01-01

    We study the non-linear spherical "top hat" collapse for Chaplygin and viscous unified cosmologies. The term unified refers to models where dark energy and dark matter are replaced by one single component. For the generalized Chaplygin gas (GCG) we extend previous results of [R. A. A. Fernandes {\\it et al}. Physical Review D 85, 083501 (2012)]. We discuss the differences at non-linear level between the GCG with $\\alpha=0$ and the $\\Lambda$CDM model. We show that both are indeed different. The bulk viscous model which differs from the GCG due to the existence of non-adiabatic perturbations is also studied. In this case, the clustering process is in general suppressed and the viable parameter space of the viscous model that accelerates the background expansion does not lead to collapsed structures. This result challenges the viability of unified viscous models.

  19. BEATING BANKS THROUGH KNOWLEDGE

    Directory of Open Access Journals (Sweden)

    Monica CALU

    2017-05-01

    Full Text Available In Romania, in the last decade, a significant number of solutions favorable to consumers with foreign currency denominated loans were obtained in courts against the banks or non-bank financial institutions. The judges noted the unfairness of the contractual terms inserted in the loans agreement and absolute nullity of these clauses. Also, in the context of the global economic and financial crisis triggered by the collapse of the banking system with the consequence of depreciation and/or sudden and high fluctuation of domestic currencies against the “safe-heaven currencies”, the theory of unpredictability becomes a particularly important institution. This paper deals with the concepts of „abusive clauses”, „unfair commercial practices” and „providing untruthful information to consumers to influence their choices”. It is also presenting a view of good faith and equity on the performance of contract and the “distribution of the risk” of the contract in the conditions of applying to the “unpredictability theory” in the context of terms of law doctrine and the relevant case law. The objective of this study is to demonstrate that by applying the theory of unpredictability to the occurrence of currency risk associated with loans in foreign currency and by subjecting to examination by court to the clauses whereby the consumer must assume the risk given by the changing of the circumstances of the execution of the contract can be obtain by the consumer or a rebalancing of the understanding of the parties or the cancellation clause which significantly unbalanced the consumer's obligation to bear any risk.

  20. Bank development; bank development efficiency; bank management; bank.

    OpenAIRE

    Самородов, Б. В.

    2014-01-01

    In the paper the theoretical research of determination of the essence of “management of bank financial development” is realized. The analysis is performed on the basis of substantial considering and comparing the philosophy and economical definitions of the components of its definition.

  1. Caldera types and collapse styles

    Science.gov (United States)

    Aguirre-Diaz, G. J.

    2008-12-01

    Three main types of collapse calderas can be defined, 1) summit caldera, 2) classic caldera, and 3) graben caldera. Summit calderas are those formed at the top of large volcanoes and are related to relatively small- volume pyroclastic products that include plinian fallouts and ignimbrites, such as Crater Lake, Las Cañadas, and Somma-Vesuvio. Classic calderas are semi-circular to irregular-shaped large structures, several km in diameter that are related to relatively large-volume pyroclastic products including pumice fallouts and widespread ignimbrites, such as Long-Valley, Campi Flegrei, and Los Humeros. Graben calderas are explosive volcano-tectonic collapse structures from which large-volume, ignimbrite-forming eruptions occurred through several vents along the graben walls and the intra-graben block faults causing the collapse of the graben or of a sector of the graben. The main products of graben calderas are surge-deposits and large-volume widespread ignimbrite sheets. Pumice fallouts are practically absent. Examples include the Sierra Madre Occidental in Mexico, La Pacana (Andes), Catalan Pyrenees, and perhaps Scafell (United Kingdom). Any of the three caldera types mentioned above could have collapsed at least in three different ways, 1) piston, when the collapse occurs as a single crustal block; 2) trap-door, when collapse occurs unevenly along one side while the opposite side remains with no collapse; 3) piece-meal, when collapse occurs as broken pieces of the crust on top of the magma chamber.

  2. The collapsed football pla yer

    African Journals Online (AJOL)

    There are several reasons why football players collapse or appear to have collapsed on ... minor, resulting in mild concussion (brain injury), but ... after being struck by lightning. The match ... does occur, it attracts a great deal of media attention ...

  3. 5The effect of funding strategy on the lending patterns of banks in ...

    African Journals Online (AJOL)

    2011) ..... finance continue to be the best supported by banks – about 31 per cent of the total industry ..... areas of research include the challenges of rural banking, corporate governance, bank .... lending in Malaysia', Global Economic Review, vol.

  4. Cord-Blood Banking

    Science.gov (United States)

    ... to Be Smart About Social Media Cord-Blood Banking KidsHealth > For Parents > Cord-Blood Banking Print A ... for you and your family. About Cord-Blood Banking Cord-blood banking basically means collecting and storing ...

  5. Unconventional Monetary Policy and Bank Risk Taking in Euro Area

    Directory of Open Access Journals (Sweden)

    Ioana Pleșcău

    2016-01-01

    Full Text Available Central banking over the world has changed after the 2008 financial crisis. Monetary policyhas expanded the array of instruments it used in order to influence the macro economy. Majorcentral banks started using not only traditional, conventional instruments, but also some nonstandardmeasures in order to avoid economic collapse and sustain the banking system. The aim ofthis paper is to analyse the impact of European Central Bank unconventional instruments,measured using the change in its balance sheet, on the bank risk-taking of commercial banks fromEurozone, captured by Z-Score. Our findings point to an increase of bank risk-taking, due to theuse of unconventional monetary policy measures.

  6. Sweden’s Bank Nationalisations

    OpenAIRE

    Fredrik Erixon

    2009-01-01

    Many banks are on the verge of bankruptcy and have received support from the government to stay afloat. Measures taken have not sufficed, and an increasing number of economists and commentators are calling for the nationalisation of banks in the United Kingdom and United States. In their advocacy, they use Sweden as an exemplar, suggesting that massive bank nationalisation was the way it fixed its collapsing banking sector in the early 1990s. This account of Sweden’s resolution policy is er...

  7. 12 CFR 619.9140 - Farm Credit bank(s).

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Farm Credit bank(s). 619.9140 Section 619.9140 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM DEFINITIONS § 619.9140 Farm Credit bank(s). Except as otherwise defined, the term Farm Credit bank(s) includes Farm Credit...

  8. Tourism's collapse puts Gambian women at risk.

    Science.gov (United States)

    Coker, M S

    1995-06-01

    Despite efforts of the Gambian government, which established a ministry in 1981 that would tackle gender issues, improve women's health, and promote empowerment, women are underrepresented in government and business, and 84% are illiterate. Child mortality is among the highest in Africa; 134 children per 1000 die before their fifth birthday. In the mid-1980s austerity measures adopted by the World Bank and IMF left the ministry without funds. Rice and vegetable production, the main source of income for women, fell in the 1990s. In 1994, paddy production dropped 23% from the previous year; this was due to a lack of technical and financial assistance. The collapse of tourism with Capt. Yahya Jammeh's seizure of power has put prostitutes catering to tourists out of work, but women who have lost jobs in the hotel industry may be pushed into local prostitution to survive. The impact of this on the HIV/AIDS epidemic is unclear. Although Gambia is one of the world's most aid-dependent countries (more than a quarter of the GNP before the coup), corruption and mismanagement in the nongovernmental sector is widespread. The director of the Women in Development Programme, a $15m World Bank project, was forced to resign over allegations of fraud. The political process sidelines women; only village chiefs, who are traditionally men, are allowed to vote when new heads are elected.

  9. Achievements and challenges of the World Bank Loan/Department for International Development grant-assisted Tuberculosis Control Project in China

    Institute of Scientific and Technical Information of China (English)

    KONG Peng; JIANG Xu; ZHANG Ben; JIANG Shi-wen; LIU Bo

    2011-01-01

    In March 2002,the government of China launched the World Bank Loan/ Department for International Development-supported Tuberculosis (TB) Control Project to reduce the prevalence and mortality of TB. The project generated promising results in policy development, strengthening of TB control systems, patient treatment success,funds management, and the introduction of legislation. In light of the global TB epidemic and control environment, it is useful to review the TB control priorities of the project, summarize the achievements and experiences around its implementation.

  10. 入世10年中国银行业的成就与面临的挑战%The Achievements and Challenges Faced by China's Banking since the Entry into WTO

    Institute of Scientific and Technical Information of China (English)

    王光明

    2011-01-01

    Since the Entry into WTO 10 years ago, China has made great achievements, such as the fast growth of economy, the continuous improvement of banking system and the rapid expansion of banking business. Meanwhile, China encounters some difficulties, including international trade frictions, trade protectionist forces, structural imbalance of industries, inflation pressure, increasing loss risks from foreign exchange reserves, etc. RMB is still not fully convertible. Chinese banks' comprehensive busi- ness capabilities and overall management need to be improved. Chinese banking should comply with national policy, help enter- pries to complete the adjustment of industrial structure, adjust the structure of assets and liabilities, reserte talents, strengthen staff training, deal with the challenges of foreign banks in China and improve internal management, mechanisms and staff quality so as to improve the overall operation and management of Chinese banking.%中国入世10年来取得了巨大成就,经济高速增长,银行体系不断完善,业务规模迅猛扩展。同时也遇到到了一些困难,包括国际上的贸易摩擦和贸易保护势力抬头,产业结构失衡,通货膨胀的压力加大,外汇储备过大带来损失风险加大,人民币还无法完全自由兑换,银行业综合经营能力和整体管理水平有待进一步提高等。银行业应该配合国家企业政策,协助企业完成产业结构调整,调整资产负债结构,储备人才,加强员工培训,应对国外银行进入中国的挑战,加强内部管理,完善经营机制,提高员工素质,全面提高中国银行业的经营管理水平。

  11. Innovative Secure Mobile Banking Services

    Directory of Open Access Journals (Sweden)

    Mousa T AL-Akhras

    2011-01-01

    Full Text Available Due to the widespread use of computer technologies in almost all aspects of life, organisations that are connected to the Internet started extending their services to their customers to include new applications and services that satisfy their customers’ desires to make better businesses. One of these emerging applications is mobile banking. The term mobile banking (or m-banking describes the banking services that the user can perform via a mobile device ubiquitously at anytime and from anywhere. In order for users to access their accounts, they need a mobile device and network connectivity. Therefore, sitting in front of a computer is not a requirement anymore; accessing accounts can occur while users are waiting their turn at the dentist clinic or relaxing at the beach! This paper explores the opportunities of using mobile technology in the electronic banking (e-banking sector to enhance existing banking services by moving toward m-banking using mobile devices and wireless media that can provide opportunities for ubiquitous access to the banking services as mobile technologies can be used at anytime and from anywhere. The technical problems encountered while using the mobile devices presents some technical difficulties and challenges for the m-banking. In this paper we introduce a mobile system that demonstrates the flexibility gained out of this technology and covers the major aspects of such kind of applications. The proposed system covers two parts: the customer services (user interface and the security aspects. In the user interface part, banking facility is provided to the user through the mobile device to implement banking transactions. The model provides customers with the services: billing payments, transferring of funds, viewing of customer’s accounts and transactions, allowing the user to change his/her password and request a cheque book. The application takes into consideration security aspects, it satisfies the following

  12. Security and Privacy of Electronic Banking

    Directory of Open Access Journals (Sweden)

    Zachary Bosire Omariba

    2012-07-01

    Full Text Available The internet has played a key role in changing how we interact with other people and how we do business today. As a result of the internet, electronic commerce has emerged, allowing business to more effectively interact with their customers and other corporations inside and outside their industries. One industry that is using this new communication channel to reach its customers is the banking industry. The e-banking system addresses several emerging trends: customers demand for anytime, anywhere service, product time-to-market imperatives and increasingly complex back-office integration challenges. The challenges that oppose electronic banking are concerns of security and privacy of information. This paper will first discuss the drivers of e-banking; secondly, it will talk about the concerns about e-banking from various perspectives. Thirdly, the security and privacy issues will also be discussed, and fourthly the attacks of e-banking with their solutions are discussed.

  13. Measuring the Angular Momentum Distribution in Core-Collapse Supernova Progenitors with Gravitational Waves

    CERN Document Server

    Abdikamalov, Ernazar; DeMaio, Alexandra M; Ott, Christian D

    2013-01-01

    The late collapse, core bounce, and the early postbounce phase of rotating core collapse leads to a characteristic gravitational wave (GW) signal. The precise shape of the signal is governed by the interplay of gravity, rotation, nuclear equation of state (EOS), and electron capture during collapse. We explore the dependence of the signal on total angular momentum and its distribution in the progenitor core by means of a large set of axisymmetric general-relativistic core collapse simulations in which we vary the initial angular momentum distribution in the core. Our simulations include a microphysical finite-temperature EOS, an approximate electron capture treatment during collapse, and a neutrino leakage scheme for the postbounce evolution. We find that the precise distribution of angular momentum is relevant only for very rapidly rotating cores with T/|W|>~8% at bounce. We construct a numerical template bank from our baseline set of simulations, and carry out additional simulations to generate trial wavefo...

  14. Investment Banking

    OpenAIRE

    Oana Mihaela Vãsioiu

    2008-01-01

    The economic, financial and monetary changes had serious consequences not only on the level of providing the finance necessary for the development process but also on the level of providing the finance required for importing the basic food needs and rendering necessary production inputs. All these problems show the importance of “Banks” generally and “Investment Banks” particularly in the emerging and underdeveloped countries. Banks as financial institution or intermediary mobilize either nat...

  15. Drying Induced Hydrophobic Polymer Collapse

    OpenAIRE

    ten Wolde, Pieter Rein; Chandler, David

    2002-01-01

    We have used computer simulation to study the collapse of a hydrophobic chain in water. We find that the mechanism of collapse is much like that of a first-order phase transition. The evaporation of water in the vicinity of the polymer provides the driving force for collapse, and the rate limiting step is the nucleation of a sufficiently large vapor bubble. The study is made possible through the application of transition path sampling and a coarse-grained treatment of liquid water. Relevance ...

  16. Simulating Retail Banking for Banking Students

    Science.gov (United States)

    Supramaniam, Mahadevan; Shanmugam, Bala

    2009-01-01

    The purpose of this study was to examine the implementation flow and development of retail bank management simulation based training system which could provide a comprehensive knowledge about the operations and management of banks for the banking students. The prototype of a Retail banking simulation based training system was developed based on…

  17. Customer Loyalty in Internet Banking

    Directory of Open Access Journals (Sweden)

    Y. Aysha Fathima

    2015-06-01

    Full Text Available In the era of challenges and cut throat competition in banking sector it has become inevitable for the banks to devise defensive strategies to retain their customers and build customer loyalty. The main aim of this study is to examine the factors affecting customer loyalty in online banks. To achieve this purpose, a detailed review of relevant literature was made and seven constructs were identified for the study. A survey was conducted and data was collected with a structured questionnaire. Pre analysis data screening was done to ensure that the study is fit for further statistical analysis. Multiple regression analysis was performed to investigate the relationship of constructs on customer loyalty. Results of the analysis identified customer satisfaction; bank’s reputation trust and habit were having significant influence on customer loyalty. Among the four factors, reputation of the bank and its corporate image is found to be more influential. Based on the findings, the implications and suggestions are made.

  18. 金融新常态对中小银行资产负债管理的挑战%The Challenges to Asset and Liability Management of the Small and Medium Banks Under the Financial New Normal

    Institute of Scientific and Technical Information of China (English)

    罗春婵; 张锐; 李光怡

    2016-01-01

    The changes of economic and financial environment put forward a challenge to the asset and liability management of small and medium banks. On the basis of analysis of the characteristics of small and medium banks, the paper makes the advantages and disadvantages clear, and discuss the shock of ifnancial new normal to the asset liability management from the ifve perspectives, including interest rate marketizaion, deposit insurance system, internet ifnance, ifnancial innovation and Basel Accord III. Lastly, it puts forward some suggestions to promote the asset and liability management of small and medium banks.%经济金融环境的变化对中小商业银行资产负债管理提出了挑战。在对中小银行的特征进行分析的基础上,明确其优势和劣势,并从利率市场化、存款保险制度、互联网金融、金融创新、巴塞尔协议Ⅲ五个角度,探讨金融新常态对资产负债管理的冲击。最后,提出完善中小银行资产负债管理的建议,推动中小银行从资产负债的“被动管理、分离管理、表内管理”向“主动管理、统一管理、全面管理转变”。

  19. THE EPISTEMOLOGICAL PERSPECTIVE OF FRACTIONAL RESERVE BANKING AND FULL RESERVE BANKING: WHERE ISLAMIC BANKING SHOULD STAND?

    Directory of Open Access Journals (Sweden)

    Yaser Taufik Syamlan

    2017-06-01

    Full Text Available Objectives – this research is aimed to compare those epistemological bases to the mindset of Islamic Bank and try to drive the philosophy in practical operation whether based on the Fractional Reserve Banking Sytem (RBS or 100% RBS and analyze the challenges in deploying the 100%RBS. Methods - This research will be conducted based on an extensive literature review.Results - Based on the epistemological analysis of money and the business cycle as well as the views of Islamic scholars, 100%RBS should be the best for Islamic Bank. There are four types of 100% RBS namely Pure Commodity Money, Sovereign Money, Narrow Banking, and Limited Purpose Banking. To deploy it into the economic system, another philosophical work should be done to choose one of the types and strengthen it so that the theory of 100%RBS can be implemented for the goodness of Islamic Bank.  Conclusion - In Conclusions, Based on the epistemology defined by Islamic Scholars, FractRBS has more mafsadah if we compare to the maslahah. Therefore, 100% RBS should be better for the Islamic Bank.

  20. Vibrational Collapse of Hexapod Packings

    Science.gov (United States)

    Zhao, Yuchen; Ding, Jingqiu; Barés, Jonathan; Dierichs, Karola; Behringer, Robert

    2016-11-01

    Columns made of convex noncohesive grains like sand collapse after being released from a confining container. However, structures built from concave grains can be stable without external support. Previous research show that the stability of the columns depends on column diameter and height, by observing column stability after carefully lifting their confinement tubes. Thinner and taller columns collapse with higher probability. While the column stability weakly depends on packing density, it strongly depends on inter-particle friction. Experiments that cause the column to collapse also reveal similar trends, as more effort (such as heavier loading or shearing) is required to destabilize columns that are intrinsically more stable. In the current experiments, we invesitage the effect of vibration on destructing a column. Short columns collapse following the relaxation dynamics of disorder systems, which coincides with similar experiments on staple packings. However, tall columns collapse faster at the beginning, in addition to the relaxation process coming after. Using high-speed imaging, we analyze column collapse data from different column geometries. Ongoing work is focusing on characterizing the stability of hexapod packings to vibration. We thanks NSF-DMR-1206351 and the William M. Keck Foundation.

  1. 金融网络化挑战与中小银行经营转型策略%Challenges Brought by Networked Finance and Business Transformation Strategies for Small and Medium-Sized Banks

    Institute of Scientific and Technical Information of China (English)

    王家华; 张连丰

    2014-01-01

    With the rapid development and the widespread application of network technology and the demand for the efficiency of financial services, the tendency of networked financial is continuously deepened. This paper analyses the background,status quo and trend of the networked finance,and challenges for small and medium-sized banks. On this basis,this paper puts forward countermeasures and suggestions on the business transformation for small and medi-um-sized bank.%随着网络科技快速发展以及金融市场对金融服务效率的追求,金融网络化趋势不断深入。本文分析了金融网络化的背景、现状与趋势,指出金融网络化对中小银行业的挑战,并在此基础上提出了中小银行经营转型的对策与建议。

  2. RMB Business Boost for Foreign Banks

    Institute of Scientific and Technical Information of China (English)

    WANG PEI

    2006-01-01

    @@ With the competition over foreign currency loans becoming intensified among foreign and Chinese banks, rivalry on loans made in RMB are seeing a similar trend. Specifically, the local banks' "comfort zone" has been challenged as the country's financial industry opens according to the timetable of WTO agreement, with full opening arriving at the end of this year.

  3. Banking Regulation Of Western Balkan Countries

    Directory of Open Access Journals (Sweden)

    Denada Hafizi

    2014-10-01

    Full Text Available The current global economic crisis has affected the development of banking system in Western Balkan Countries, including Italy and Greece. These effects are expressed with the contraction of lending, fallen of foreign direct investments, fallen of the volume of remittances and fallen of international trade. The banking system continually faces new challenges in a dynamically changing financial system, and this makes difficult theimplementation of bank regulation and supervision.All the countries have improved their banking regulation in order to avoid the contagion effect among banks and banking system in general, effects that get increased especially when banks are engaged in international banking. The standardization of regulatory requirements provides potential solution to the problems of regulating international banking. So, there is a moving through agreements like Basel Accords.For all these countries will be a comparison of regulatory capital to risk-weighted assets ratio and of capital to assets ratio in order to find out how well is capitalized their bankingsystem. The sources of data are the reports of International Monetary Fund for a time series of 2008-2013. In the end there are some conclusions for the main problems that theimplementation of supervision and bank regulation faces.Keywords: Basel Accords, Capital Ratio, Banking Regulation

  4. THE STRATEGIC IMPORTANCE OF CORPORATE RESPONSIBILITY AND SUSTAINABILITY IN BANKING

    Directory of Open Access Journals (Sweden)

    DRĂGAN (SÂNTĂMARIAN OANA RALUCA

    2013-02-01

    Full Text Available The paper aims to highlight the strategic implication of corporate social responsibility (CSR and sustainable development for the banking sector. A few years ago, banks did not give much importance to the social and environmental problems. Recently, the banks began to realize the major impact of the sustainable development over the way of ulterior development of the society and, implicitly over the banking system. In this context, the development of a bank management system based on sustainable principles is one of the current challenges. For this purpose this paper focuses on issues such as the importance and advantages of implementing sustainability bank management, international standards regarding sustainable banking management such as: Equator Principles for sustainable investment projects’ financing or GRI principles for sustainable reporting. In addition, we have developed a practical case study about the implementation of sustainable banking management; the case study presents Romanian Commercial Bank as an example of good practice in the Romanian banking sector.

  5. CORPORATE GOVERNANCE – DETERMINANT OF MOLDOVAN BANKING SYSTEM STABILITY

    Directory of Open Access Journals (Sweden)

    Dorina CLICHICI

    2015-04-01

    Full Text Available Recent events recorded in the banking sector of the Republic of Moldova – establishing special administration in three commercial banks by the National Bank of Moldova (NBM – have highlighted the significant role which the quality of corporate governance presents for banking system. The aim of this paper is to identify the challenges of corporate governance for the stability of the Moldovan banking system and destabilizing effects of weak corporate governance structures within banking institutions and analyze the consequences of corporate governance deficiencies. For achieving the goal the author conducted a detailed analysis of normative acts regulating the banking system in order to identify the existing gaps regarding this subject and analyzed recent performances of commercial banks in Moldova. Despite some progress in addressing the recommendations of the International Monetary Fund (IMF and the satisfactory reported performance of banks, there are serious governance problems in several banks including the largest ones.

  6. Risk Disclosure and Re-establishing Legitimacy in the Event of a Crisis - Did Northern Rock Use Risk Disclosure to Repair Legitimacy after their 2007 Collapse?

    OpenAIRE

    2009-01-01

    Banks are exposed to a wide range of risk in their every day operation and in response to this they have developed various tools and strategies in order to help avoid, measure, or manage these risks. These tools and strategies are not always successful which has lead to several well publicised crises including amongst others the Barings bank collapse, Allfirst fraud, Santander fraud and more recently the collapse of Northern Rock and its subsequent nationalisation. In order for society to per...

  7. Banking system trust, bank trust, and bank loyalty

    NARCIS (Netherlands)

    van Esterik-Plasmeijer, P.; van Raaij, W.F.

    2017-01-01

    Purpose The purpose of this paper is to test a model of banking system trust as an antecedent of bank trust and bank loyalty. Six determinants of trust and loyalty are included: competence, stability, integrity, customer orientation, transparency, and value congruence. The study provides insights

  8. Desafios da regulamentação ante a dinâmica concorrencial bancária: uma perspectiva pós-keynesiana The challenges of prudential regulation for the dynamics of bank competition: a Post Keynesian perspective

    Directory of Open Access Journals (Sweden)

    Maria Cristina Penido de Freitas

    2010-08-01

    Full Text Available O objetivo desse artigo é discutir, a partir do referencial pós-keynesiano, os desafios da regulamentação prudencial ante a dinâmica concorrencial dos bancos. Submetidos à lógica implacável da valorização da riqueza em um mundo de incerteza e irreversibilidade, essas instituições-chave do sistema de pagamento e crédito buscam contornar os limites fixados pela regulamentação e tendem a assumir riscos que ampliam sua instabilidade intrínseca. Para evitar a ocorrência de situações que os obrigue a atuar como prestamista em última instância, os bancos centrais procuram limitar o espaço da concorrência bancária mediante a regulamentação prudencial. Porém, continuamente os bancos procuram desenvolver novas práticas e instrumentos que lhes permite contornar as exigências regulatórias. Existe assim uma tensão contínua entre o processo competitivo inovador dos bancos (e de outras instituições financeiras e a necessidade de aperfeiçoamento da regulamentação. Esse desafio tornou-se ainda maior no contexto atual de globalização e integração dos mercados e de notável avanço tecnológico que permite o desenvolvimento de novos produtos financeiros a partir de sofisticadas e complexas técnicas de engenharia financeira, cujos riscos subjacentes são de difícil avaliação.The purpose of this article is to discuss from a Post Keynesian perspective the challenges of prudential regulation for the dynamics of bank competition. These key institutions of the payment and credit system are submitted to the irresistible logic of increased wealth in a world of uncertainty and irreversibility. In this context, they tend to assume risks that increase their inherent instability. Central banks, seeking to avoid becoming the lender of last resort, have attempted to limit the space for bank competition through prudential regulation. However, banks have continued to develop new practices and instruments allowing them to circumvent

  9. USE OF MOBILE TECHNOLOGY IN BANKING SERVICES

    Directory of Open Access Journals (Sweden)

    ALIN ISAC

    2013-12-01

    Full Text Available Technology and applications of mobile phones offer many opportunities for businesses, they also presenting a continuous development and new challenges. Although this service is currently viewed with reluctance by customers, banks need to overcome this drawback and understand how this service can be combined with other alternative channels such as social media, to create value for customers. In this paper I presented information about present and perspectives in mobile applications industry, what can a mobile application do in banking, banking mobile applications in Romania, mobile banking applications worldwide.

  10. Seismic Progressive Collapse: Qualitative Point of View

    Directory of Open Access Journals (Sweden)

    H. Wibowo

    2009-01-01

    Full Text Available Progressive collapse is a catastrophic structural phenomenon that can occur because of human-made and natural hazards. In progressive collapse mechanism, a single local failure may cause a significant deformation which then may lead to collapse of a structure. The current practices in progressive collapse analysis and design method generally focus on preventing progressive collapse due to abnormal gravity and blast loads. Progressive collapse behaviour of structures due to earthquake loads has not received as much attention. This paper presents a brief overview of the current state-of-knowledge, insights, and issues related to progressive collapse behaviour of structures caused by earthquake loading.

  11. Prediction of Underground Cavity Roof Collapse using the Hoek–Brown Failure Criterion

    DEFF Research Database (Denmark)

    Suchowerska, A. M.; Merifield, R. S.; Carter, J. P.

    2012-01-01

    Preventing roof collapse in underground cavities is a challenge to geotechnical engineering. In this study, three independent methods have been used to evaluate the roof collapse of underground rectangular cavities for a range of geometries and rock properties. The rock mass strength has been...

  12. Banking Reform in Georgia

    OpenAIRE

    Mercan, Metin

    2006-01-01

    Georgia's banking system restructure began in 1991 when Soviet Union collopsed.This paper tries to compare and constract the performance of banks and banking system between 1999 and 2004 with banks in other transition countries. Although Georgia banking system showed a long processing in banking sector, it is still lags behind other transition countries Central and Eastern Europe. Neverthless.An efficient financial institution and performance will not come without further economic development...

  13. Banking governance: New Approaches

    Directory of Open Access Journals (Sweden)

    Victor Mihăiţă Duţă

    2016-11-01

    Full Text Available Banks are companies like any other. However, banks are distinguished by certain intrinsic characteristics of companies that have a different impact on the motivation of stakeholders. Among these features, we mention:partnership and shareholders governance agreements; banks are heavily regulated companies; banking assets is the main source of haze banking and information asymmetry; between the bank and depositors there is a problem of moral hazard.

  14. ROMANIAN BANKS LIQUIDITY MANAGEMENT

    Directory of Open Access Journals (Sweden)

    BATRANCEA MARIA

    2013-07-01

    Full Text Available Most transactions or financial commitments have implications for a bank liquidity. Transactions are particularly vulnerable to liquidity problems at a specific institution. Therefore, one can deduce the importance of the correct calculation and liquidity indicator, not only for the bank concerned, but especially for NBR uses that bank risk management tool. That is why the authors took into consideration a sample of banks in Romania to show to what extent the banking crisis has influenced the development banks.

  15. Electronic Banking And Bank Performance In Nigeria

    African Journals Online (AJOL)

    2013-03-01

    Mar 1, 2013 ... However, the revolution in the banking industry in Nigeria started .... with the banks overall strategic and business plans, and adequate expertise should be employed to operate and ..... 2010 from http://www.bis./pub/bcbs/pdf.

  16. The Decline of Traditional Banking Activities

    Directory of Open Access Journals (Sweden)

    Gabriela Cornelia Piciu

    2011-05-01

    Full Text Available The decline of traditional banking activities raise the issue of efficiency of financial stability, in terms ofquantitative and qualitative aspects – the increasing danger of banking failures as well as of susceptibility due toincreased propensity of banking institutions to assume additional to risks either in the form of riskier loans offer orengaging in other "non-traditional" financial activities which give a promise for greater profitability, but also higherrisks. Non-traditional activities of banking as financial products dealers (financial derivatives, generate an increasingrisks and vulnerabilities in the form of moral hazard issues. That is the reason why and these activities should beregulated as well as are the traditional activities. Challenges posed by the decline of traditional banking activities istwofold: the stability of the banking system must be maintained, while the banking system needs to be restructured toachieve financial stability in the long run. One possible way is an appropriate regulatory framework to encourage atransition period of changing the structure of banking activity(reduction of traditional activities and expanding nontraditional activities to enable banking institutions to perform a deep methodic analysis of non traditional activities,oriented to the financial banking efficiency.

  17. Gravitational collapse and naked singularities

    Indian Academy of Sciences (India)

    Tomohiro Harada

    2004-10-01

    Gravitational collapse is one of the most striking phenomena in gravitational physics. The cosmic censorship conjecture has provided strong motivation for research in this field. In the absence of a general proof for censorship, many examples have been proposed, in which naked singularity is the outcome of gravitational collapse. Recent developments have revealed that there are examples of naked singularity formation in the collapse of physically reasonable matter fields, although the stability of these examples is still uncertain. We propose the concept of `effective naked singularities', which will be quite helpful because general relativity has limitation in its application at the high-energy end. The appearance of naked singularities is not detestable but can open a window for the new physics of strongly curved space-times.

  18. Internet Banking System Prototype

    CERN Document Server

    Alnaqeib, Rami; Jalab, Hamid A; Zaidan, M A; Hmood, Ali K

    2010-01-01

    Internet Banking System refers to systems that enable bank customers to access accounts and general information on bank products and services through a personal computer or other intelligent device. Internet banking products and services can include detailed account information for corporate customers as well as account summery and transfer money. Ultimately, the products and services obtained through Internet Banking may mirror products and services offered through other bank delivery channels. In this paper, Internet Banking System Prototype has been proposed in order to illustrate the services which is provided by the Bank online services.

  19. FRAUDULENT TRANSACTIONS WITH BANK PLASTIC CARDS AS A THREAT TO ECONOMIC SECURITY IN THE BANKING SPHERE

    Directory of Open Access Journals (Sweden)

    Elena V. Ilinich

    2013-01-01

    Full Text Available Banks active development of cashless payments by plastic cards, the growing number of fraudulent transactions and the damage they cause, create new challenges and threats to economic security in the sphere of banking activity. The latest information technologies are active used by organized crime groups, the methods of committing crimes are changing and are not yet adequately reflected by banks and law enforcement agencies.

  20. E-BANKING- MODERN BANKING SERVICES

    Directory of Open Access Journals (Sweden)

    MIRANDA PETRONELLA VLAD

    2009-05-01

    Full Text Available E-banking is the first of those banking services that really economize time, because it allows to the user to accomplish from behind the computer many operations in the bank account, represents the computational solution that allows to the holder to have

  1. Moduli destabilization via gravitational collapse

    Energy Technology Data Exchange (ETDEWEB)

    Hwang, Dong-il [Sogang Univ., Seoul (Korea, Republic of). Center for Quantum Spacetime; Pedro, Francisco G. [Deutsches Elektronen-Synchrotron DESY, Hamburg (Germany). Theory Group; Yeom, Dong-han [Sogang Univ., Seoul (Korea, Republic of). Center for Quantum Spacetime; Kyoto Univ. (Japan). Yukawa Inst. for Theoretical Physics

    2013-06-15

    We examine the interplay between gravitational collapse and moduli stability in the context of black hole formation. We perform numerical simulations of the collapse using the double null formalism and show that the very dense regions one expects to find in the process of black hole formation are able to destabilize the volume modulus. We establish that the effects of the destabilization will be visible to an observer at infinity, opening up a window to a region in spacetime where standard model's couplings and masses can differ significantly from their background values.

  2. Ekpyrotic collapse with multiple fields

    CERN Document Server

    Koyama, K; Koyama, Kazuya; Wands, David

    2007-01-01

    A scale invariant spectrum of isocurvature perturbations is generated during collapse in the scaling solution in models where two or more fields have steep negative exponential potentials. The scale invariance of the spectrum is realised by a tachyonic instability in the isocurvature field. We show that this instability is due to the fact that the scaling solution is a saddle point in the phase space. The late time attractor is identified with a single field dominated ekpyrotic collapse in which a steep blue spectrum for isocurvature perturbations is found. Although quantum fluctuations do not necessarily to disrupt the classical solution, an additional preceding stage is required to establish classical homogeneity.

  3. EVOLUTIONARY ASPECTS OF THE GEORGIAN BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    Tamar ATANELISHVILI

    2016-08-01

    Full Text Available Georgian monetary relations have a centuries-old history. Credit associations were first founded in 11-13th centuries. Network of credit institutions became larger in the 19th century – independent commercial banks were established in the second half of the 19th century. Central State Bank of Georgia was established in the Democratic Republic of Georgia in the beginning of the 20th century. At the same time, there were efforts to create independent two-level banking system, although those efforts failed due to forceful sovietization of Georgia. But still, independent banking system was founded in Georgia after the collapse of the former Soviet Union. This work examines afore-mentioned evolutionary processes and some of peculiarities of modern banking system. The research shows that modern Georgian banking system is growing fast but it contains signs of oligopoly which contradicts the interests of vast masses of population and entrepreneurial development, while stimulating retaining of high interest rates and devaluation of national currency.

  4. Bank ownership, lending, and local economic performance during the 2008–2009 financial crisis

    Science.gov (United States)

    Coleman, Nicholas; Feler, Leo

    2017-01-01

    Although government banks are frequently associated with political capture and resource misallocation, they may be well-positioned during times of crisis to provide countercyclical support. Following the collapse of Lehman Brothers in September 2008, Brazil’s government banks substantially increased lending. Localities in Brazil with a high share of government banks received more loans and experienced better employment outcomes relative to localities with a low share of government banks. While increased government bank lending mitigated an economic downturn, we find that this lending was politically targeted, inefficiently allocated, and reduced productivity growth. PMID:28936027

  5. Critical behavior of collapsing surfaces

    DEFF Research Database (Denmark)

    Olsen, Kasper; Sourdis, C.

    2009-01-01

    We consider the mean curvature evolution of rotationally symmetric surfaces. Using numerical methods, we detect critical behavior at the threshold of singularity formation resembling that of gravitational collapse. In particular, the mean curvature simulation of a one-parameter family of initial...

  6. ANN BASED ONLINE ESTIMATION OF VOLTAGE COLLAPSE PROXIMITY INDICATOR

    Directory of Open Access Journals (Sweden)

    G. Balamurugan

    2010-07-01

    Full Text Available Voltage stability has recently become a challenging issue in many power systems. There are different methods used to study the voltage collapse phenomenon but most of them take significant computation time and are not suitable for on-line applications. Fast voltage stability assessment tools are required in order to ensure the secureoperation of the present day power systems, as voltage collapse can occur quite abruptly in systems. Therefore a new ANN based on-line approach that requires minimum input for estimation of voltage collapse proximity indicator for each critical bus under normal and contingent conditions is developed in this paper. Test results onIEEE-14 bus system are presented to show its computational accuracy.

  7. The Bank and Credit Union Disasters in Lithuania: Where Were the Lawyers?

    Directory of Open Access Journals (Sweden)

    Kiršienė Julija

    2014-12-01

    Full Text Available Since Lithuania’s independence in 1991, sixteen banks in the country have gone bankrupt. From 2011 to 2013 two banks-the fifth and sixth largest banks in the country- went bankrupt and three credit unions collapsed. One more credit union collapsed in 2014. One of the questions not yet posed in the context of this crisis of financial institutions in Lithuania is the question: “Where were the lawyers?” This article focuses on a comparative analysis of the regulation and practice of the legal profession in considering whether and how outside and inside bank and corporate lawyers can be effective gatekeepers, foreseeing, preventing, and mitigating such collapses. This comparative research concludes with propositions for changing legal profession regulations as well as lawyers’ and corporate officers’ education.

  8. Hierarchical gravitational fragmentation. I. Collapsing cores within collapsing clouds

    CERN Document Server

    Romero, Raúl Naranjo; Loughnane, Robert M

    2015-01-01

    We investigate the Hierarchical Gravitational Fragmentation scenario through numerical simulations of the prestellar stages of the collapse of a marginally gravitationally unstable isothermal sphere immersed in a strongly gravitationally unstable, uniform background medium. The core developes a Bonnor-Ebert (BE)-like density profile, while at the time of singularity (the protostar) formation the envelope approaches a singular-isothermal-sphere (SIS)-like $r^-2$ density profile. However, these structures are never hydrostatic. In this case, the central flat region is characterized by an infall speed, while the envelope is characterized by a uniform speed. This implies that the hydrostatic SIS initial condition leading to Shu's classical inside-out solution is not expected to occur, and therefore neither should the inside-out solution. Instead, the solution collapses from the outside-in, naturally explaining the observation of extended infall velocities. The core, defined by the radius at which it merges with t...

  9. Tumour banking: the Spanish design.

    Science.gov (United States)

    Morente, M M; de Alava, E; Fernandez, P L

    2007-01-01

    In the last decade the technical advances in high throughput techniques to analyze DNA, RNA and proteins have had a potential major impact on prevention, diagnosis, prognosis and treatment of many human diseases. Key pieces in this process, mainly thinking about the future, are tumour banks and tumour bank networks. To face these challenges, diverse suitable models and designs can be developed. The current article presents the development of a nationwide design of tumour banks in Spain based on a network of networks, specially focusing on its harmonization efforts mainly regarding technical procedures, ethical requirements, unified quality control policy and unique sample identification. We also describe our most important goals for the next years. This model does not correspond to a central tumour bank, but to a cooperative and coordinated network of national and regional networks. Independently from the network in which it is included, sample collections reside in their original institution, where it can be used for further clinical diagnosis, teaching and research activities of each independent hospital. The herein described 'network of networks' functional model could be useful for other countries and/or international tumour bank activities.

  10. The Chinese Banking System

    OpenAIRE

    2012-01-01

    The Chinese banking system is critical to the functioning of the Chinese economy, being the main conduit through which savings are allocated to investment opportunities. Banking activity in China has grown rapidly over the past decade in association with the expansion of the Chinese economy, and the Chinese banking system now includes some of the world’s largest banks. Chinese banks have become more commercially orientated over this period, although the Chinese Government retains considerable...

  11. Predicting Small Bank Failure

    OpenAIRE

    Heyliger, Wilton E.; Don P. Holdren

    1991-01-01

    There are many studies of bank performance and bank failure in the literature. Most of these studies used banking ratios as variables in their models without giving consideration to their appropriateness, nor was much consideration given to the stability of those ratios through time and across asset size. Many studies also failed to recognize that bank structure may differ by asset size. This study evaluates a large number of banking variables in order to identify stable ratios. These ratios ...

  12. Central bank Financial Independence

    OpenAIRE

    J.Ramon Martinez-Resano

    2004-01-01

    Central bank independence is a multifaceted institutional design. The financial component has been seldom analysed. This paper intends to set a comprehensive conceptual background for central bank financial independence. Quite often central banks are modelled as robot like maximizers of some goal. This perspective neglects the fact that central bank functions are inevitably deployed on its balance sheet and have effects on its income statement. A financially independent central bank exhibits ...

  13. Banking service in Germany

    Institute of Scientific and Technical Information of China (English)

    余璐

    2014-01-01

    <正>Germany is the prototypical economy country.Banks in Germany’s economic life plays a very important role.Germany has a large number of Banks and very dense network of bank branches.Deutsche Bank is by far the biggest German bank and Commerzbank is the second biggest.But with all the economic turmoil in the world these days,such rankings can change within

  14. Outsourcing central banking

    DEFF Research Database (Denmark)

    Khoury, Sarkis Joseph; Wihlborg, Clas

    2005-01-01

    The literature on Currency Boards (CB) stops at the water edge in terms of dealing with the totality of the functions of a central bank. Monetary policy, and banking supervisioncan be "outsourced" in an open economy with substantial foreign direct investment (FDI)in the banking sector if political...... the feasibility of, and constraints on, outsourcing of central bank functions. A brief discussion of the Argentinian experience is used for contrast.Key words: Currency Board, Foreign Banks, Supervision, Regional Integration,outsourcing....

  15. Outsourcing central banking

    DEFF Research Database (Denmark)

    Khoury, Sarkis Joseph; Wihlborg, Clas

    2005-01-01

    The literature on Currency Boards (CB) stops at the water edge in terms of dealing with the totality of the functions of a central bank. Monetary policy, and banking supervisioncan be "outsourced" in an open economy with substantial foreign direct investment (FDI)in the banking sector if political...... the feasibility of, and constraints on, outsourcing of central bank functions. A brief discussion of the Argentinian experience is used for contrast.Key words: Currency Board, Foreign Banks, Supervision, Regional Integration,outsourcing....

  16. Customer Satisfaction and Loyalty Among Internet Banking Users of Philippine National Bank in Batangas City

    Directory of Open Access Journals (Sweden)

    EDWARD KERVIN B. MOJARES

    2014-04-01

    Full Text Available One of the most vital challenges of the Internet as a service delivery channel is providing and maintaining service quality. This study aimed to describe the profile of the respondents with regards to socio-demographic and bank-related variables; to identify the effects of internet banking among its clients in Batangas City; to determine the level of customer’s satisfaction in terms of speed and accuracy, accessibility and convenience, and security features; to determine the respondents level of loyalty; to test the relationship between effects of internet banking service and customer satisfaction and loyalty variables; and lastly, to propose effective measures on how to enhance the quality of internet banking service offered by PNB in Batangas City. The descriptive-correlation method was utilized in the conduct of the study. The respondents of the study are the top 100 or 30% of the three hundred thirty four active users of internet banking service of Philippine National Bank in Batangas City during the period of October 2012 as generated by the bank’s system. The study revealed that the respondents are generally satisfied with the speed and accuracy, accessibility and convenience, and security features of the internet banking service facility. It was also found out that only speed and accuracy showed significant relationship on the effect of internet banking. Internet banking users are still considering the speed and accuracy of the banks service to make them satisfied despite that internet banking provides lower cost delivery channel, gives customers to almost any type of banking transactions and gives breadth and depth customer service. However, customers’ level of loyalty is not affected by the effects of internet banking services. This proves that as long as the customers are being provided with an excellent service, customer loyalty/retention could still be possibly attained by the bank

  17. How fast is protein hydrophobic collapse?

    OpenAIRE

    Sadqi, Mourad; Lapidus, Lisa J.; Muñoz, Victor

    2003-01-01

    One of the most recurring questions in protein folding refers to the interplay between formation of secondary structure and hydrophobic collapse. In contrast with secondary structure, it is hard to isolate hydrophobic collapse from other folding events. We have directly measured the dynamics of protein hydrophobic collapse in the absence of competing processes. Collapse was triggered with laser-induced temperature jumps in the acid-denatured form of a simple protein and monitored by fluoresce...

  18. Bank Efficiency Research of Chinese Commercial Banks based on Data Envelopment Analysis

    OpenAIRE

    FENG, JIERUI

    2012-01-01

    According to the related agreements accepted by China on accessing World Trade Organization, it has become reality for foreign banks to enter domestic financial markets. The diversity of financial markets and trades will make Chinese banking industry face greater challenges on the aspects of talents, operations, techniques and management. In addition, risk factors will become more complicated, such as market risks, operational risks and credit risks. Therefore, facing this new challenging sit...

  19. On collapsibilities of Yule's measure

    Institute of Scientific and Technical Information of China (English)

    GUO; Jianhua

    2001-01-01

    [1]Simpson,E.H.,The interpretation of interaction in contingency tables,J.R.Statist.Soc.B,1951,13:238-241.[2]Bishop,Y.M.M.,Effects of collapsing multidimensional contingency tables,Biometrics,1971,27:545-562.[3]Whittemore,A.S.,Collapsibility of multidimensional contingency tables,J.R.Statist.Soc.B,1978,40:328-340.[4]Good,I.J.,Mittal,Y.,The amalgamation and geometry of two-by-two contingency tables,Ann.Statist.,1987,15:694-711.[5]Gail,M.H.,Adjusting for covariates that have the same distribution in exposed and unexposed cohorts,Modern Statistical Methods in Chronic Disease Epidemiology (eds.Moolgavkar,S.H.,Prentice,R.L.),New York:Wiley,1986,3-18.[6]Wermuth,N.,Parametric collapsibility and the lack of moderating effects in contingency tables with a dichotomous response variable,J.R.Statist.Soc.B,1987,49:353-364.[7]Wermuth,N.,Moderating effects of subgroups in linear models,Biometrika,1989,76:81-92.[8]Ducharme,G.R.,Lepage,Y.,Testing collapsibility in contingency tables,J.R.Statist.Soc.B,1986,48:197-205.[9]Geng Zhi,Collapsibility of relative risk in contingency tables with a response variable,J.R.Statist.Soc.B,1992,54:585-593.[10]Guo Jianhua,Geng Zhi,Collapsibility of logistic regression coefficients,J.R.Statist.Soc.B,1995,57:263-267.[11]Rosenbaum,P.,Rubin,D.B.,The central role of the propensity score in observational studies for causal effects,Biometrika,1983,70:41-55.[12]Greenland,S.,Robins,J.M.,Pearl,J.,Confounding and collapsibility in causal inference,Statist.Sci.,1999,14:29-46.[13]Freedman,D.,From association to causation:some remarks on the history of statistics,Statist.Sci.,1999,14:243-258.[14]Geng,Z.,Guo,J.H.,Lau,T.S.et al.,Confounding,consistency and collapsibility for causal effects in epidemiologic studies,To appear in Statist.Sinica,2001.[15]Yule,G.U.,Notes on the theory of association of attributes in statistics,Biometrika,1903,2:121-134.[16]Lancaster,H.O.,The Chi-squared Distribution

  20. Collapsing floating-point operations

    OpenAIRE

    Defour, David

    2004-01-01

    This paper addresses the issue of collapsing dependent floating-point operations. The presentation focuses on studying the dataflow graph of benchmark involving a large number of floating-point instructions. In particular, it focuses on the relevance of new floating-point operators performing two dependent operations which are similar to "fused multiply and add". Finally, this paper examines the implementation cost and critical path reduction from this strategy.

  1. Preventing State Collapse in Syria

    Science.gov (United States)

    2017-01-01

    region.4 The longer the war goes on, the higher the probability of state collapse, fragmentation, endemic terrorism, and continued refugee flows. The...fighting extremism, sectarianism, and non-interference in the internal affairs of Syria, a political solution, respect for minority rights , human rights ...Even the Muslim Brotherhood had de-emphasized sectarian loyalties in favor of human rights and rule of law.56 A tradition of centralized governance

  2. Temperature evolution during dissipative collapse

    Indian Academy of Sciences (India)

    S D Maharaj; G Govender; M Govender

    2011-09-01

    We investigate the gravitational collapse of a radiating sphere evolving into a final static configuration described by the interior Schwarzschild solution. The temperature profiles of this particular model are obtained within the framework of causal thermodynamics. The overall temperature evolution is enhanced by contributions from the temperature gradient induced by perturbations as well as relaxational effects within the stellar core.

  3. Bubble-induced cave collapse.

    Directory of Open Access Journals (Sweden)

    Lakshika Girihagama

    Full Text Available Conventional wisdom among cave divers is that submerged caves in aquifers, such as in Florida or the Yucatan, are unstable due to their ever-growing size from limestone dissolution in water. Cave divers occasionally noted partial cave collapses occurring while they were in the cave, attributing this to their unintentional (and frowned upon physical contact with the cave walls or the aforementioned "natural" instability of the cave. Here, we suggest that these cave collapses do not necessarily result from cave instability or contacts with walls, but rather from divers bubbles rising to the ceiling and reducing the buoyancy acting on isolated ceiling rocks. Using familiar theories for the strength of flat and arched (un-cracked beams, we first show that the flat ceiling of a submerged limestone cave can have a horizontal expanse of 63 meters. This is much broader than that of most submerged Florida caves (~ 10 m. Similarly, we show that an arched cave roof can have a still larger expanse of 240 meters, again implying that Florida caves are structurally stable. Using familiar bubble dynamics, fluid dynamics of bubble-induced flows, and accustomed diving practices, we show that a group of 1-3 divers submerged below a loosely connected ceiling rock will quickly trigger it to fall causing a "collapse". We then present a set of qualitative laboratory experiments illustrating such a collapse in a circular laboratory cave (i.e., a cave with a circular cross section, with concave and convex ceilings. In these experiments, a metal ball represented the rock (attached to the cave ceiling with a magnet, and the bubbles were produced using a syringe located at the cave floor.

  4. Understanding Core-Collapse Supernovae

    CERN Document Server

    Burrows, A

    2004-01-01

    I summarize, in the form of an extended abstract, the ongoing efforts at the University of Arizona (and in collaboration) to understand core-collapse supernovae theoretically. Included are short discussions of 1D (SESAME) and 2D (VULCAN/2D) codes and results, as well as discussions of the possible role of rotation. Highlighted are recent developments in multi-dimensional radiation hydrodynamics and the essential physics of the neutrino-driven mechanism.

  5. Colony collapse disorder in Europe.

    Science.gov (United States)

    Dainat, Benjamin; Vanengelsdorp, Dennis; Neumann, Peter

    2012-02-01

    Colony collapse disorder (CCD) is a condition of honey bees, which has contributed in part to the recent major losses of honey bee colonies in the USA. Here we report the first CCD case from outside of the USA. We suggest that more standardization is needed for the case definition to diagnose CCD and to compare data on a global scale. © 2011 Society for Applied Microbiology and Blackwell Publishing Ltd.

  6. Pengelolaan Likuiditas Bank Syariah

    Directory of Open Access Journals (Sweden)

    Nurul Ichsan

    2014-01-01

    Full Text Available Islamic Banking Liquidity Management. This article is about management of liquidity which discuss about the position of cash money in the company and its ability to fulfill the obligation (pay the debt on time. Management of liquidity is one of the essential function which is done by banking institution and inside its efficient management, is needed instrument and finance market which is taking not only short term but also long term, and not only conventional banking but also syariat. Through that natural necessity (placement and fulfillment of short term need, for Islamic banking in Indonesia has been availabled some instruments such as (IMA certificate of Mudhorobah Investment between bank, (PUAS market banking regulations between syariat bank, (SWBI Bank of Indonesia Wadiah certificate, (FPJPS provision about short term cost facility for Islamic banks  DOI:10.15408/aiq.v6i1.1371

  7. An Investigation on Islamic Bank Selection Criteria in Malaysia

    Directory of Open Access Journals (Sweden)

    Asma’ Rashidah Idris,

    2011-06-01

    Full Text Available Islamic bank in Malaysia was established in 1983. The development of Islamic bank is increasingly challenging with the participation of more conventional banks offering banking products and services based on Islamic principles. Therefore, it is crucial for Islamic bank to better position themselves in order to undertake and respond aggressively to the heftiness of the dual banking environment. This paper analyzes the factors considered as important by academicians in public institutions of higher learning in selecting a particular bank. The study reveals that religious value appears to be the most important factor. Other factors perceived to be important include trustworthiness, product variety, service facility and service efficiency. The results will benefit bank management in view of the stipulated vital information on the selection criteria.

  8. Banking Software Applications Security

    Directory of Open Access Journals (Sweden)

    Ioan Alexandru Bubu

    2015-03-01

    Full Text Available Computer software products are among the most complex artifacts, if not the most complex artifacts mankind has created. Securing those artifacts against intelligent attackers who try to exploit flaws in software design and construct is a great challenge too.The purpose of this paper is to introduce a secure alternative to banking software applications that are currently in use. This new application aims to cover most of the well-known vulnerabilities that plague the majority of current software.First we will take a quick look at current security methods that are in use, and a few known vulnerabilities. After this, we will discuss the security measures implemented in my application, and finally, we will the results of implementing them.

  9. Collapse Mechanisms Of Masonry Structures

    Science.gov (United States)

    Zuccaro, G.; Rauci, M.

    2008-07-01

    The paper outlines a possible approach to typology recognition, safety check analyses and/or damage measuring taking advantage by a multimedia tool (MEDEA), tracing a guided procedure useful for seismic safety check evaluation and post event macroseismic assessment. A list of the possible collapse mechanisms observed in the post event surveys on masonry structures and a complete abacus of the damages are provided in MEDEA. In this tool a possible combination between a set of damage typologies and each collapse mechanism is supplied in order to improve the homogeneity of the damages interpretation. On the other hand recent researches of one of the author have selected a number of possible typological vulnerability factors of masonry buildings, these are listed in the paper and combined with potential collapse mechanisms to be activated under seismic excitation. The procedure takes place from simple structural behavior models, derived from the Umbria-Marche earthquake observations, and tested after the San Giuliano di Puglia event; it provides the basis either for safety check analyses of the existing buildings or for post-event structural safety assessment and economic damage evaluation. In the paper taking advantage of MEDEA mechanisms analysis, mainly developed for the post event safety check surveyors training, a simple logic path is traced in order to approach the evaluation of the masonry building safety check. The procedure starts from the identification of the typological vulnerability factors to derive the potential collapse mechanisms and their collapse multipliers and finally addresses the simplest and cheapest strengthening techniques to reduce the original vulnerability. The procedure has been introduced in the Guide Lines of the Regione Campania for the professionals in charge of the safety check analyses and the buildings strengthening in application of the national mitigation campaign introduced by the Ordinance of the Central Government n. 3362

  10. Bank Syariah Sebagai Alternatif

    Directory of Open Access Journals (Sweden)

    Adang Sudjana

    2003-03-01

    Full Text Available The principle of not allowing interest practices (riba has saved the Syariah Bank and their customers from the effects of monetary crisis. In view of Islamic Principles, interest is forbidden. Therefore, all transactions of syariah banking are based on sale-purchase pattern. Besides, all good banking aspects as applied in conventional banking such as, 5 Cs (capital, collateral, capacity, character, and condition are also applied properly in the line of ukhrawi aspects in managing fund of syariah banking.  The practice of “mark-up” in project funded by syariah bank seems to be very difficult.

  11. STRESS AMONG BANKING EMPLOYEE- A LITERATURE REVIEW

    OpenAIRE

    Manjunatha M K.; Dr.T.P.Renukamurthy

    2017-01-01

    For banking employees around the globe, stress on the job can be a challenge; stress can be sometimes positive and sometimes negative. Positive stress leads to productivity and negative stress leads to loss for the organization. There is already  a certain level of stress in Banking employees work life and then encounter even more stress arising from the work  pressure that Banking employees face on the job. Many employees cannot cope with such rapid changes taking place in the jobs. Role con...

  12. Data Analysis Trumps Specialist Advice: How Direct Banks Function

    Directory of Open Access Journals (Sweden)

    Skiera Bernd

    2016-11-01

    Full Text Available Low interest rates and sluggish economic growth are not exactly ideal conditions for the financial services industry. Almost daily we are confronted with reports of inadequate capital bases, declining earnings, and layoffs at banks. But while many traditional retail banks are struggling with a business downturn, the direct bank market is enjoying steady and respectable growth despite a challenging environment. Dr. Schmidberger, Fully Authorized Representative at ING-DiBa Germany, offers us a glimpse behind the curtains of this direct bank. We will learn how data technology is used so that bank customers are (more satisfied.

  13. Foreign Banks in Post-WTO China: An Intermediate Assessment

    Institute of Scientific and Technical Information of China (English)

    LipingHe; XiaohangFan

    2004-01-01

    China became a member of the World Trade Organization (WTO) in November, 2001. During the three years since then, foreign banks substantially increased their presence in China. Competition between foreign and domestic banks in certain fields is increasingly visible. However, the pace of foreign bank expansion in China appears short of earlier expectations. Chinese banks have in general responded positively and achieved certain progress in improving their service, yet basic problems remain unsolved in the banking system. Several challenges to China 's financial system have already surfaced.

  14. Quantum dust collapse in 2 +1 dimension

    Science.gov (United States)

    Sarkar, Souvik; Vaz, Cenalo; Wijewardhana, L. C. R.

    2016-02-01

    In this paper we will examine the consequence of a canonical theory of quantum dust collapse in 2 +1 dimensions. The solution of the Wheeler-DeWitt equation describing the collapse indicates that collapsing shells outside the apparent horizon are accompanied by outgoing shells within the apparent horizon during their collapse phase and stop collapsing once they reach the apparent horizon. Taking this picture of quantum collapse seriously, we determine a static solution with energy density corresponding to a dust ball whose collapse has terminated at the apparent horizon. We show that the boundary radius of the ball is larger than the Banados-Teitelboim-Zanelli radius confirming that no event horizon is formed. The ball is sustained by radial pressure which we determine and which we attribute to the Unruh radiation within it.

  15. Bank Performance and Efficiency in Uzbekistan

    Directory of Open Access Journals (Sweden)

    Asror NIGMONOV

    2010-05-01

    Full Text Available The development of financial system in Uzbekistan over the last decade puts lots of challenging tasks for the managers of this financial institutions and regulatory bodies. These tasks on its turn demand application of new innovative approaches into the banking system. As a reflection from these issues this paper seeks to apply relatively new method of performance measurement for this country called Data Envelopment Analysis (DEA. For measuring the efficiency it uses two basic DEA models under the assumptions of constant and variable returns to scale. By using these analyses it seeks to measure and break down the efficiency levels of Uzbek banks during 2004-2006. The results have shown that the overall efficiency levels of banks on average decreased during this period. Additionally, it breaks down overall efficiency level of the banks into that originating from the technical efficiency and scale efficiency. The study found that the main source of inefficiency was due to the technical efficiency. By going further the DEA analysis was able to investigate the reasons for inefficiency for each individual bank. It then compared the relative performance between the private, joint-stock and foreign banks for which no significant divergence were found. The investigation of differences between the small, medium and large banks lead to the observation of significant difference between the small and medium sized banks.

  16. Banking Postal Savings Bank in Sight

    Institute of Scientific and Technical Information of China (English)

    WANG PEI

    2006-01-01

    @@ Nine years of controversy regarding a national postal savings bank is expected to finally conclude this year. In April, the China Banking Regulatory Commission (CBRC)announced the establishment of a new department, one of the main functions of which will be to supervise postal savings.

  17. Kewenangan Bank Indonesia Dalam Likuiditas Bank Umum

    OpenAIRE

    Silvana R

    2008-01-01

    Perbankan merupakan pokok dari sistem keuangan setiap negara, karena perbankan merupakan salah satu motor penggerak pembangunan seluruh bangsa. Krisis perbankan berdampak pada turunnya kepercayaan masyarakat terhadap industri perbankan. Berbagai masalah di sektor perbankan yang tidak terdeteksi secara dini akan mengakibatkan runtuhnya kepercayaan masyarakat terhadap industri perbankan, Skripsi mi mengemukakan bagaimana penilaian kesehatan bank umum yang dilakukan oleh Bank Indonesia, bagai...

  18. Systemic banking crises

    OpenAIRE

    O. Emre Ergungor; James B. Thomson

    2005-01-01

    Systemic banking crises can have devastating effects on the economies of developing or industrialized countries. This Policy Discussion Paper reviews the factors that weaken banking systems and make them more susceptible to crises.

  19. FOREIGN BANKS WELCOMED

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    Honoring its WTO commitments, China has begun to allow local incorporation by foreign banks, endowing them with the same status as their Chinese counterparts in an attempt to encourage diversified development in the Chinese banking sector On March 18, Wi

  20. GenBank

    Data.gov (United States)

    U.S. Department of Health & Human Services — GenBank is the NIH genetic sequence database, an annotated collection of all publicly available DNA sequences. GenBank is designed to provide and encourage access...

  1. Bank Resolution in the European Banking Union

    DEFF Research Database (Denmark)

    Gordon, Jeffrey N.; Ringe, Georg

    2015-01-01

    mechanism deployable at the discretion of the resolution authority must be available to supply liquidity to a reorganizing bank. On these conditions, a viable and realistic Banking Union would be within reach--and the resolution of global financial institutions would be greatly facilitated, not least......The project of creating a Banking Union is designed to overcome the fatal link between sovereigns and their banks in the Eurozone. As part of this project, political agreement for a common supervision framework and a common resolution scheme has been reached with difficulty. However, the resolution...... framework is weak, underfunded and exhibits some serious flaws. Further, Member States' disagreements appear to rule out a federalized deposit insurance scheme, commonly regarded as the necessary third pillar of a successful Banking Union. This paper argues for an organizational and capital structure...

  2. Bank Resolution in the European Banking Union

    DEFF Research Database (Denmark)

    Gordon, Jeffrey N.; Ringe, Wolf-Georg

    at the discretion of the resolution authority must be available to supply liquidity to a reorganizing bank. On these conditions, a viable and realistic Banking Union would be within reach — and the resolution of global financial institutions would be greatly facilitated, not least in a transatlantic perspective.......The project of creating a Banking Union is designed to overcome the fatal link between sovereigns and their banks in the Eurozone. As part of this project, political agreement for a common supervision framework and a common resolution scheme has been reached with difficulty. However, the resolution...... framework is weak, underfunded and exhibits some serious flaws. Further, Member States’ disagreements appear to rule out a federalized deposit insurance scheme, commonly regarded as the necessary third pillar of a successful Banking Union. This paper argues for an organizational and capital structure...

  3. Audit of a bank

    OpenAIRE

    Ambros, Lukáš

    2012-01-01

    The goal of my thesis "Audit of a bank" is to identify and describe the area of external and internal audit in banking and to focus on specifics of bank audit in comparison to external audit of commercial enterprise. The first part is focused on audit of financial statements. In the second part are described the specifics of banking segment. Third part describes internal audit and cooperation between external and internal audit. In the last part there are described methods applied during the ...

  4. Audit of a bank

    OpenAIRE

    Ambros, Lukáš

    2012-01-01

    The goal of my thesis "Audit of a bank" is to identify and describe the area of external and internal audit in banking and to focus on specifics of bank audit in comparison to external audit of commercial enterprise. The first part is focused on audit of financial statements. In the second part are described the specifics of banking segment. Third part describes internal audit and cooperation between external and internal audit. In the last part there are described methods applied during the ...

  5. Essays on banking

    OpenAIRE

    Mosk, T.C.

    2014-01-01

    This dissertation studies how banks collect and process information. The first chapter studies how the organizational structure of banks affects the processing of information. The second chapter studies how banks use private information collected over the lending relationship in credit negotiations. The last chapter is joint work with Hans Degryse, Jose Liberti and Steven Ongena and studies how banks use ‘soft information’ to monitor small firms. This dissertation uses hand collected internal...

  6. Design of Pneumatic Collapsible Steering

    Directory of Open Access Journals (Sweden)

    Anish Nair

    2013-08-01

    Full Text Available The steering wheel is the important cause of fatal injury for drivers in frontal collision. When frontal collision occurs, due to the kinetic energy of driver or occupant body, it moves forward against steering wheel and wind shield. Actually in a frontal collision forces will be first transmitted through driver’s feet which act as fulcrum so the body will rotate about it. For the taller driver steering works as fulcrum. Driver head & chest hit the steering or windshield which may cause severe injury or death. Considering the injury potential of steering wheel we are presenting a new idea Pneumatic Collapsible Steering Column (PCS.

  7. Spherically symmetric scalar field collapse

    Indian Academy of Sciences (India)

    Koyel Ganguly; Narayan Banerjee

    2013-03-01

    It is shown that a scalar field, minimally coupled to gravity, may have collapsing modes even when the energy condition is violated, that is, for ( + 3) < 0. This result may be useful in the investigation of the possible clustering of dark energy. All the examples dealt with have apparent horizons formed before the formation of singularity. The singularities formed are shell focussing in nature. The density of the scalar field distribution is seen to diverge at singularity. The Ricci scalar also diverges at the singularity. The interior spherically symmetric metric is matched with exterior Vaidya metric at the hypersurface and the appropriate junction conditions are obtained.

  8. Thermodynamics of a collapsed object

    Energy Technology Data Exchange (ETDEWEB)

    Chaubey, N. (Inst. of Science and Techn., Sultanpur (India). Technological Faculty); De Sabbata, V. (Bologna Univ. (Italy). Ist. di Fisica)

    1981-06-20

    Here is presented a thermodynamic study in the Reissner-Nordstroem blackhole which leads to a beautiful conclusion that the product of surface gravities of the outer horizon and the inner horizon of the blackhole is equal to the inverse square of charge distribution over it. If one considers a more general collapsed object wherein rotation is also considered, a similar inference is that the product of surface gravities of the inner and the outer horizon is equal to the inverse of the sum of squares of the charge distribution and angular momentum per unit mass of the rotation.

  9. Easier Bank Access

    Institute of Scientific and Technical Information of China (English)

    Wang Jun

    2015-01-01

    Loosened banking regulations may spur an increase of foreign banks in China Foreign banks will soon have a much easier time setting up outlets in China.According to regulations recently amended by the State Council,as of January 1,foreign

  10. A BANK MANAGER SPEAKS

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    My name is Jane Carson and I'm the manager of savings bank in Portland,Oregon,My bank is open every day from8:30 in the moming until 4:00 in the aftermoon.On Fridays the bank remains oper until 6:30 in the evening.

  11. Banks on Notice

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    Regulators issue policies to guide China’s banks as massive loans compromise the banking sector’s ability to contain future risks R egulatory departments are strengthening their supervision over financial institutions to prevent an incomprehensible financial scenario from unfolding: the failure of the Chinese banking

  12. Banking on Change

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    The opening up of China’s banking sector took another giant step forward on March 20 when the first four foreign banks gained approval to incorporate locally. After going through commercial registration formalities, the banks will be able to con- duc

  13. Banking and Trading

    NARCIS (Netherlands)

    Boot, A.W.A.; Ratnovski, L.

    2016-01-01

    We study the interaction between relationship banking and short-term arm’s length activities of banks, called trading. We show that a bank can use the franchise value of its relationships to expand the scale of trading, but may allocate too much capital to trading ex post , compromising its ability

  14. Essays on banking

    NARCIS (Netherlands)

    Mosk, T.C.

    2014-01-01

    This dissertation studies how banks collect and process information. The first chapter studies how the organizational structure of banks affects the processing of information. The second chapter studies how banks use private information collected over the lending relationship in credit negotiations.

  15. Banking and Trading

    NARCIS (Netherlands)

    Boot, A.W.A.; Ratnovski, L.

    2016-01-01

    We study the interaction between relationship banking and short-term arm’s length activities of banks, called trading. We show that a bank can use the franchise value of its relationships to expand the scale of trading, but may allocate too much capital to trading ex post , compromising its ability

  16. Modelling of Systemic Risk of Banking Sector

    Directory of Open Access Journals (Sweden)

    Laura Gudelytė

    2014-03-01

    Full Text Available Purpose – to evaluate the general networking and simulation approaches of modelling of systemic risk and the financial contagion and their ability to assess the banking sector resilience in the case of external economic shocks and collapse of idiosyncratic financial institutions.Design/methodology/approach – a general overview of research papers presenting concepts and methodologies of assessment of systemic risk of the banking sector.Findings – limitations of the networking approach and possible ways to improve modelling of systemic risk. The network approach cannot explain the causes of initial default of bank. On the other hand, assumptions made on LGD and interbank exposures are very strong. These features are important limitations of network and simulation approaches.Research limitations/implications – the application of reviewed methods in the case of Lithuanian banking sector falls, however, due to the lack of exhaustive data. On the other hand, until now, applied methods for systemic risk due to the lack of data have been limited. Also, because of this reason, there are difficulties to create adequate dynamic assessment for systemic risk models. Therefore, in assessing systemic risk of the banking sector, the same problem remains: is it possible to parameterize the financial crisis, its spread and speed and other characteristics according to quantitative methods. Knowing the liquidity, credit risk and other standards set in Basel Accords, it is also not enough to properly manage the systemic risk of the whole banking sector because for the proper activity of the banking sector not only characteristics related to capital requirements have influence on it, but also external (mostly the macroeconomic, political factors.Practical implications – determination of the explicit connection based on quantitative methods determining the systemic risk of the banking sector would be exact and objective assessment and useful not only for the

  17. A multidisciplinary approach to the investigation of a collapsed building.

    Science.gov (United States)

    Pomara, Cristoforo; Turillazzi, Emanuela; Neri, Margherita; Bello, Stefania C; Di Donato, Sabina; Riezzo, Irene; D'Errico, Stefano; Fiore, Carmela; Zizzo, Giulio; Karch, Steven B; Fineschi, Vittorio

    2010-09-01

    Investigating the collapse of a building poses multiple and complex forensic challenges. Large numbers of specialized personnel and equipment are required, as are the combined technical skills of many different kinds of forensic investigators. Forensic pathology teams are integral to these efforts. This report describes the investigation that occurred after a building collapsed in southern Italian location. Several families were still living in small, and abandoned building built in the early 20th century. The buildings were located over cellars 3 meters underground, known locally as "the caves." Eight people were found dead under the debris of one of the collapsed houses and 6 were brought out alive. A team of forensic pathologists and engineers was appointed to investigate the causes of death and of the collapse, respectively. A complete autopsy was performed in every case, along with radiologic assessment and toxicological analysis. Autopsy findings were coded using the Abbreviated Injury Scale and the New Injury Severity Score. Systems for victim identification, arrangements for human remains, management of dead bodies, evaluation of the different patterns of injuries and, finally, detailed identification of the cause of death all played an important role.

  18. Computational Astrophysics at the Bleeding Edge: Simulating Core Collapse Supernovae

    Science.gov (United States)

    Mezzacappa, Anthony

    2013-04-01

    Core collapse supernovae are the single most important source of elements in the Universe, dominating the production of elements between oxygen and iron and likely responsible for half the elements heavier than iron. They result from the death throes of massive stars, beginning with stellar core collapse and the formation of a supernova shock wave that must ultimately disrupt such stars. Past, first-principles models most often led to the frustrating conclusion the shock wave stalls and is not revived, at least given the physics included in the models. However, recent progress in the context of two-dimensional, first-principles supernova models is reversing this trend, giving us hope we are on the right track toward a solution of one of the most important problems in astrophysics. Core collapse supernovae are multi-physics events, involving general relativity, hydrodynamics and magnetohydrodynamics, nuclear burning, and radiation transport in the form of neutrinos, along with a detailed nuclear physics equation of state and neutrino weak interactions. Computationally, simulating these catastrophic stellar events presents an exascale computing challenge. I will discuss past models and milestones in core collapse supernova theory, the state of the art, and future requirements. In this context, I will present the results and plans of the collaboration led by ORNL and the University of Tennessee.

  19. Silo Collapse under Granular Discharge

    Science.gov (United States)

    Gutiérrez, G.; Colonnello, C.; Boltenhagen, P.; Darias, J. R.; Peralta-Fabi, R.; Brau, F.; Clément, E.

    2015-01-01

    We investigate, at a laboratory scale, the collapse of cylindrical shells of radius R and thickness t induced by a granular discharge. We measure the critical filling height for which the structure fails upon discharge. We observe that the silos sustain filling heights significantly above an estimation obtained by coupling standard shell-buckling and granular stress distribution theories. Two effects contribute to stabilize the structure: (i) below the critical filling height, a dynamical stabilization due to granular wall friction prevents the localized shell-buckling modes to grow irreversibly; (ii) above the critical filling height, collapse occurs before the downward sliding motion of the whole granular column sets in, such that only a partial friction mobilization is at play. However, we notice also that the critical filling height is reduced as the grain size d increases. The importance of grain size contribution is controlled by the ratio d /√{R t }. We rationalize these antagonist effects with a novel fluid-structure theory both accounting for the actual status of granular friction at the wall and the inherent shell imperfections mediated by the grains. This theory yields new scaling predictions which are compared with the experimental results.

  20. Partially saturated granular column collapse

    Science.gov (United States)

    Turnbull, Barbara; Johnson, Chris

    2017-04-01

    Debris flows are gravity-driven sub-aerial mass movements containing water, sediments, soil and rocks. These elements lead to characteristics common to dry granular media (e.g. levee formation) and viscous gravity currents (viscous fingering and surge instabilities). The importance of pore fluid in these flows is widely recognised, but there is significant debate over the mechanisms of build up and dissipation of pore fluid pressure within debris flows, and the resultant effect this has on dilation and mobility of the grains. Here we specifically consider the effects of the liquid surface in the flow. We start with a simple experiment constituting a classical axisymmetric granular column collapse, but with fluid filling the column up to a depth comparable to the depth of grains. Thus, as the column collapses, capillary forces may be generated between the grains that prevent dilation. We explore a parameter space to uncover the effects of fluid viscosity, particle size, column size, aspect ratio, grain shape, saturation level, initial packing fraction and significantly, the effects of fine sediments in suspension which can alter the capillary interaction between wetted macroscopic grains. This work presents an initial scaling analysis and attempts to relate the findings to current debris flow modelling approaches.

  1. Time symmetry in wave-function collapse

    Science.gov (United States)

    Bedingham, D. J.; Maroney, O. J. E.

    2017-04-01

    The notion of a physical collapse of the wave function is embodied in dynamical collapse models. These involve a modification of the unitary evolution of the wave function so as to give a dynamical account of collapse. The resulting dynamics is at first sight time asymmetric for the simple reason that the wave function depends on those collapse events in the past but not those in the future. Here we show that dynamical wave-function collapse models admit a general description that has no built-in direction of time. Given some simple constraints, we show that there exist empirically equivalent pictures of collapsing wave functions in both time directions, each satisfying the same dynamical rules. A preferred direction is singled out only by the asymmetric initial and final time constraints on the state of the universe.

  2. Brand building process of banking services

    Directory of Open Access Journals (Sweden)

    Filipović V.

    2006-01-01

    Full Text Available Changes related to competitive surroundings, legislation, and use of technology in banking business created new challenges for the managers in banking sector and emphasized the importance of brand building in the field of financial services. The need for financial institutions to manage its users in a way that provides them satisfaction, two-way communication and trust developing into loyalty was created. Regarding the research methodology, it is important to emphasize that the main discussion related to the purpose of research is to determine, improve, and better comprehend the main problems appearing in the process of brand building of banking services on the Belgrade market from the users standpoint. In order to realize the established purpose of the research, answers to the following research questions shall be provided: 1 Which problems in communication with the users are important for bank brand building?, 2 In what way do users see the image and personality of a bank? 3 In which way does brand of the origin of a bank influence the choice of users for the banking services? And 4 In which way the strategy of communication in the process of brand building of banking services can be improved? The quantitative approach to the research has been used. This study is based on the research procedure of surveys and data collection through a questionnaire, as an instrument in the research which was given to the adult citizens on the territory of the city of Belgrade. Statistic treatment of the data was conducted by using the SPSS software. The results are presented by using the combined techniques: in written form, in tables and graphs. So, the basic conclusions would be such as: after the marketing research on how banks carry on the processes of brand building was conducted, certain conclusions could be drawn from it: It is very important for a client to be involved in the process of brand building. By taking into consideration the criteria based on

  3. THE IMPACT OF FINANCIAL LIBERALIZATION ON ROMANIAN BANKING SYSTEM EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Ciupac-Ulici Maria-Lenuta

    2013-07-01

    challenges to the Romanian banking system in future.

  4. Radiation driven collapse of protein crystals.

    Science.gov (United States)

    Boutet, Sébastien; Robinson, Ian K

    2006-01-01

    During coherent X-ray diffraction measurements on crystals of ferritin at room temperature using monochromatic undulator radiation from the Advanced Photon Source, a sudden lattice contraction was observed following a characteristic latent period and ultimately leading to the collapse of the crystal. The progression of this collapse is analysed using a two-state Hendricks-Teller model. It reveals that 55% of the layers collapse by 1.6% before the crystal completely stops diffracting.

  5. Collapse of three on a sphere

    Energy Technology Data Exchange (ETDEWEB)

    Kidambi, R.; Newton, P.K. [Southern California Univ., Los Angeles (United States). Dept. of Aerospace Engineering, Center for Applied Mathematical Sciences

    1999-12-01

    The self-similar collapse of three vortices moving on the surface of a sphere of radius R is analysed and compared with known results of critical literature. Formulas for the collapsing trajectories are derived and compared with the planar formulas. The Hamiltonian system is derived governing the vortex motion. In this projected plane, the solutions are not self-similar. In the last section, the collapse process is studied using tri-linear coordinates, which reduces the system to a planar one.

  6. Self-similar scalar field collapse

    Science.gov (United States)

    Banerjee, Narayan; Chakrabarti, Soumya

    2017-01-01

    A spherically symmetric collapsing scalar field model is discussed with a dissipative fluid which includes a heat flux. This vastly general matter distribution is analyzed at the expense of a high degree of symmetry in the space-time, that of conformal flatness and self-similarity. Indeed collapsing models terminating into a curvature singularity can be obtained. The formation of black holes or the occurrence of naked singularities depends on the initial collapsing profiles.

  7. GLOBALIZATION AND ITS EFFECTS ON THE BANKING MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Drăgan (Sântămărian Oana Raluca

    2012-12-01

    Full Text Available This paper describes one of the major challenges of the present: globalization and its effects on the banking. Globalization is now increasingly recognized as central to the growth of market economies. For the banking sector, this represents both a demand as well as a new landscape of business opportunity.Several years ago, the main part of the banks did not consider the globalization problems relevant for their operations. Recently, the banks began to realize the major impact of the globalization over the way of creating the banking risk in the future. The banking management in the context of globalization represents one of the challengesof these days. Starting from literature in the globalization field in this paper focuses on several relevant issues related to banking management.

  8. E-banking service quality: gaps in the Qatari banking industry

    Directory of Open Access Journals (Sweden)

    Norizan M. Kassim

    2005-01-01

    Full Text Available Financial liberalization and technology revolution have allowed the developments of new and more efficient delivery and processing channels as well as more innovative products and services in banking industry. Banking institutions are facing competition not only from each other but also from non-bank financial intermediaries as well as from alternative sources of financing, such as the capital markets. Another strategic challenge facing banking institutions today is the growing and changing needs and expectations of consumers in tandem with increased education levels and growing wealth. Consumers are becoming increasingly discerning and have become more involved in their financial decisions. For this reason, they are demanding a broader range of products and services at more competitive prices through more efficient and convenient channels. This study investigates the discrepancy between customer's expectation and perception towards the e-banking services.

  9. Catastrophic volcanic collapse: relation to hydrothermal processes.

    Science.gov (United States)

    López, D L; Williams, S N

    1993-06-18

    Catastrophic volcanic collapse, without precursory magmatic activity, is characteristic of many volcanic disasters. The extent and locations of hydrothermal discharges at Nevado del Ruiz volcano, Colombia, suggest that at many volcanoes collapse may result from the interactions between hydrothermal fluids and the volcanic edifice. Rock dissolution and hydrothermal mineral alteration, combined with physical triggers such as earth-quakes, can produce volcanic collapse. Hot spring water compositions, residence times, and flow paths through faults were used to model potential collapse at Ruiz. Caldera dimensions, deposits, and alteration mineral volumes are consistent with parameters observed at other volcanoes.

  10. Collapse of granular media subjected to wetting

    Directory of Open Access Journals (Sweden)

    El Korchi Fatima Zahra

    2017-01-01

    Full Text Available This paper focuses on the collapse of granular materials subjected to wetting action. For soils, the collapse potential depends on several parameters such as liquid limit, matric suction, compactness, initial water content and the amount of fine particles. The effect of grain size, which plays a key role in the rearrangement of grains, remains little studied and poorly understood. To investigate the capillary origin of the collapse phenomenon, we present an experimental study on macroscopic and local scales. Our results show the effect of grain size and water content on collapse.

  11. Bank Resolution in the European Banking Union

    DEFF Research Database (Denmark)

    Gordon, Jeffrey N.; Ringe, Georg

    2015-01-01

    The project of creating a Banking Union is designed to overcome the fatal link between sovereigns and their banks in the Eurozone. As part of this project, political agreement for a common supervision framework and a common resolution scheme has been reached with difficulty. However, the resolution...... framework is weak, underfunded and exhibits some serious flaws. Further, Member States' disagreements appear to rule out a federalized deposit insurance scheme, commonly regarded as the necessary third pillar of a successful Banking Union. This paper argues for an organizational and capital structure....... The FDIC's experience teaches us three important lessons: First, systemically important financial institutions need to have in their liability structure sufficient unsecured (or otherwise subordinated) term debt so that in the event of bank failure, the conversion of debt into equity will be sufficient...

  12. Central bank capital, financial strength, and the Bank of Japan

    OpenAIRE

    Thomas F. Cargill

    2006-01-01

    This Economic Letter addresses central bank capital and financial strength in the context of Bank of Japan policy (Cargill 2005). Specifically, it reviews general considerations about central bank capital and financial strength, discusses recent Bank of Japan policy in the context of capital structure, evaluates the Bank of Japan's concern in the context of the broader issue of central bank independence, and draws some lessons from recent Bank of Japan policy.

  13. THE EVOLVING COMPETITIVE DYNAMICS IN THE RETAIL BANKING SECTOR IN INDIA: A CASE STUDY OF KARNATAKA BANK

    Directory of Open Access Journals (Sweden)

    Krishnakumar RAMANATHAN

    2016-08-01

    Full Text Available The banking industry in India is going through a unique competitive situation: on the one hand, the proliferation of new banks has increased competition multi-fold; on the other hand, given the rigid regulatory environment, banks have very little liberty to innovate products. The entry of multinational banking giants with superior service operations has further amplified the competition for customers. This paper examines the business performance of Karnataka bank during the period between 2006 and 2014 in order to bring home some of these challenges. Based on feedback from the branch managers, savings and current accounts - two classic banking products – suffered the most in the onslaught. Practicing managers as well as customers that we interviewed held that banking services in terms of customer experience ought to be improved and that various value added services could be introduced. Customers also expected reduced penalty for minimum balance and enhanced insurance cover for their accounts.

  14. Collapse Analysis of Timber Structures

    DEFF Research Database (Denmark)

    Kirkegaard, Poul Henning; Sørensen, John Dalsgaard

    2008-01-01

    A probabilistic based collapse analysis has been performed for a glulam frame structure supporting the roof over the main court in a Norwegian sports centre. The robustness analysis is based on the framework for robustness analysis introduced in the Danish Code of Practice for the Safety...... of Structures and a probabilistic modelling of the timber material proposed in the Probabilistic Model Code (PMC) of the Joint Committee on Structural Safety (JCSS). Due to the framework in the Danish Code the timber structure has to be evaluated with respect to the following criteria where at least one shall...... be fulfilled: a) demonstrating that those parts of the structure essential for the safety only have little sensitivity with respect to unintentional loads and defects, or b) demonstrating a load case with „removal of a limited part of the structure‟ in order to document that an extensive failure...

  15. Gravitational Collapse in Gravity's Rainbow

    CERN Document Server

    Ali, Ahmed Farag; Majumder, Barun; Mistry, Ravi

    2015-01-01

    In this paper, we will analyze the gravitational collapse in the framework of gravity's rainbow. We will demonstrate that the position of the horizon for a particle inside the black hole depends on the energy of that particle. It will also be observe that the position of the horizon for a particle falling radially into the black hole also depends on its energy. Thus, it is possible for a particle coming from outside to interact with a particle inside the black, and take some information outside the black hole. This is because for both these particles the position of horizon is different. So, even though the particle from inside the black hole is in its own horizon, it is not in the horizon of the particle coming from outside. Thus, we will demonstrate that in gravity's rainbow information can get out of a black hole.

  16. Critical perspectives on historical collapse.

    Science.gov (United States)

    Butzer, Karl W; Endfield, Georgina H

    2012-03-06

    Historical collapse of ancient states or civilizations has raised new awareness about its possible relevance to current issues of sustainability, in the context of global change. This Special Feature examines 12 case studies of societies under stress, of which seven suffered severe transformation. Outcomes were complex and unpredictable. Five others overcame breakdown through environmental, political, or socio-cultural resilience, which deserves as much attention as the identification of stressors. Response to environmental crises of the last millennium varied greatly according to place and time but drew from traditional knowledge to evaluate new information or experiment with increasing flexibility, even if modernization or intensification were decentralized and protracted. Longer-term diachronic experience offers insight into how societies have dealt with acute stress, a more instructive perspective for the future than is offered by apocalyptic scenarios.

  17. Higgs portals to pulsar collapse

    CERN Document Server

    Bramante, Joseph

    2015-01-01

    Pulsars apparently missing from the galactic center could have been destroyed by asymmetric fermionic dark matter ($m_X = 1-100$ GeV) coupled to a light scalar ($m_{\\phi}= 5-20$ MeV), which mixes with the Higgs boson. We point out that this pulsar-collapsing dark sector can resolve the core-cusp problem and will either be excluded or discovered by upcoming direct detection experiments. Another implication is a maximum pulsar age curve that increases with distance from the galactic center, with a normalization that depends on the couplings and masses of dark sector particles. In addition, we use old pulsars outside the galactic center to place bounds on asymmetric Higgs portal models.

  18. An Empirical Study Evaluating the Adoption of Mobile Banking in Sudan

    Directory of Open Access Journals (Sweden)

    WISAL TINGARI

    2014-08-01

    Full Text Available This study is about the revolution of information and communication technology (ICT. It deals with the evolution of banking technology (BT, electronic banking (e-banking and mobile banking (m-banking in Sudan. It intends to explore the practice of m-banking in Sudan. The focus is on the availability of adequate infrastructure and on the challenges and risks that face m-banking services in Sudan. The findings showed that although mbanking is believed to be essential, still the services provided are at an infant stage. It is also found that concerned parties are not fully cooperating. This raises risks and constitutes challenges that hinder full utilization of m-banking in Sudan. Based on these results, the main recommendation of the researchers was that regulatory policies should be stated clearly to ensure full collaboration between all concerned parties. This is to support bank managers and decision makers in formulating their strategic plans to deliver competitive services.

  19. Quantum collapse and the second law of thermodynamics.

    Science.gov (United States)

    Hormoz, Sahand

    2013-02-01

    A heat engine undergoes a cyclic operation while in equilibrium with the net result of conversion of heat into work. Quantum effects such as superposition of states can improve an engine's efficiency by breaking detailed balance, but this improvement comes at a cost due to excess entropy generated from collapse of superpositions on measurement. We quantify these competing facets for a quantum ratchet composed of an ensemble of pairs of interacting two-level atoms. We suggest that the measurement postulate of quantum mechanics is intricately connected to the second law of thermodynamics. More precisely, if quantum collapse is not inherently random, then the second law of thermodynamics can be violated. Our results challenge the conventional approach of simply quantifying quantum correlations as a thermodynamic work deficit.

  20. Banking System in Kyrgyz Republic

    OpenAIRE

    Sagbansu, Lutfu

    2006-01-01

    This paper examines the overall banking system and the basic banking system development factors such as internet banking and deposit insurance in the world and particularly in Kyrgyzstan. The analyses show that progress in banking reform, introduction of deposit insurance and internet banking concepts are essential for avoiding harmful problems, development stable and solvent banking system. These developments include the more effective regulation of the entry and exit of banks, removal of ob...

  1. Indian Banking: Value Creation for Competitive Advantage in the Global Environment

    Directory of Open Access Journals (Sweden)

    Nishi S. Jain

    2011-01-01

    Full Text Available Problem statement: How banking Sector will face the challenges posed by the global environment. The paper focuses on the competitive strategies of the banking sector and how the sector derives competitive advantage by adopting different strategies because the sector plays an important role in any economy. Approach: The study includes a descriptive research by collecting the information from different banks and analyzing it in order to describe the strategies followed by banks to face the global challenges. Results: The study helps in finding that the strategies followed by banks plays a very significant role and banking sector functioning becomes smooth and in turn it helps in the development of the country too. Conclusion: These strategies helps the banking sector to create the healthy financial system as global challenges provide the opportunities to banking sector to grow in both qualitative as well as quantitative.

  2. Critical caving erosion width for cantilever failures of river bank

    Institute of Scientific and Technical Information of China (English)

    Yangui Wang; Shangfu Kuang; Jialin Su

    2016-01-01

    The cantilever failure is one of the typical bank failures, in which the lateral caving erosion at the bottom of the bank plays an important role. When the caving erosion width is larger than a certain value, the cantilever failures such as shear, toppling and stress failures may occur. In order to understand the condition of the cantilever failure, the collapse mechanisms of the cantilever failures are studied based on the bank stability theory and flume experiment. According to the bank stability equation with the lateral erosion, the critical caving erosion width (CCEW) formulas for the shear and toppling failures of simple slope bank were derived in this paper. The formulas show that the CCEW increases as the overhanging soil thickness and soil cohesion increase, and decreases as the crack depth on the bank surface and the slope angle of the bank increase. And these formulas were tested with experimental data, which shows the predicted values are good agreement with experimental data. The paper reveals a quantitative expression on the process of the river cantilever failure.

  3. Banks, regions and development

    Directory of Open Access Journals (Sweden)

    Pietro Alessandrini

    2003-03-01

    Full Text Available From the 1980s onwards the banking sectors in all the industrialised countries have been experiencing intense restructuring, aggregation and consolidation, radically changing their ownership structures and geography. Whatever the reasons behind such restructuring processes, the globalisation of the credit markets, the consolidation of banking structures, the removal of barriers to the free location of banks and their penetration of peripheral markets pose two main questions. Will integration of the banking systems lead to a narrowing or a widening of the development gap between regions? What relations will there be between financial centres and the periphery, and how will financial labour be divided between national (international banks and local (regional banks? The aim of this paper is to address such questions in the light of recent developments in the theoretical and empirical literature on financial integration.

  4. Tissue banking in australia.

    Science.gov (United States)

    Ireland, Lynette; McKelvie, Helen

    2003-01-01

    The legal structure for the regulation of tissue banking has existed for many years. In Australia, the donation of human tissue is regulated by legislation in each of the eight States and Territories. These substantially uniform Acts were passed in the late 1970's and early 1980's, based on model legislation and underpinned by the concept of consensual giving. However, it was not until the early 1990's that tissue banking came under the notice of regulatory authorities. Since then the Australian Government has moved quickly to oversee the tissue banking sector in Australia. Banked human tissue has been deemed to be a therapeutic good under the Therapeutic Goods Act 1989, and tissue banks are required to be licensed by the Therapeutic Goods Administration and are audited for compliance with the Code of Good Manufacturing Practice- Human Blood and Tissues. In addition, tissue banks must comply with a myriad of other standards, guidelines and recommendations.

  5. Tulsa oklahoma oktoberfest tent collapse report.

    Science.gov (United States)

    Deal, Kelly E; Synovitz, Carolyn K; Goodloe, Jeffrey M; King, Brandi; Stewart, Charles E

    2012-01-01

    Background. On October 17, 2007, a severe weather event collapsed two large tents and several smaller tents causing 23 injuries requiring evacuation to emergency departments in Tulsa, OK. Methods. This paper is a retrospective analysis of the regional health system's response to this event. Data from the Tulsa Fire Department, The Emergency Medical Services Authority (EMSA), receiving hospitals and coordinating services were reviewed and analyzed. EMS patient care reports were reviewed and analyzed using triage designators assigned in the field, injury severity scores, and critical mortality. Results. EMT's and paramedics from Tulsa Fire Department and EMSA provided care at the scene under unified incident command. Of the 23 patients transported by EMS, four were hospitalized, one with critical spinal injury and one with critical head injury. One patient is still in ongoing rehabilitation. Discussion. Analysis of the 2007 Tulsa Oktoberfest mass casualty incident revealed rapid police/fire/EMS response despite challenges of operations at dark under severe weather conditions and the need to treat a significant number of injured victims. There were no fatalities. Of the patients transported by EMS, a minority sustained critical injuries, with most sustaining injuries amenable to discharge after emergency department care.

  6. Collapse of superhydrophobicity on nanopillared surfaces

    Science.gov (United States)

    Amabili, Matteo; Giacomello, Alberto; Meloni, Simone; Casciola, Carlo Massimo

    2017-03-01

    The mechanism of the collapse of the superhydrophobic state is elucidated for submerged nanoscale textures forming a three-dimensional interconnected vapor domain. This key issue for the design of nanotextures poses significant simulation challenges as it is characterized by diverse time and length scales. State-of-the-art atomistic rare events simulations are applied for overcoming the long time scales connected with the large free energy barriers. In such interconnected surface cavities wetting starts with the formation of a liquid finger between two pillars. This break of symmetry induces a more gentle bend in the rest of the liquid-vapor interface, which triggers the wetting of the neighboring pillars. This collective mechanism, involving the wetting of several pillars at the same time, could not be captured by previous atomistic simulations using surface models comprising a small number of pillars (often just one). Atomistic results are interpreted in terms of a sharp-interface continuum model which suggests that line tension, condensation, and other nanoscale phenomena play a minor role in the simulated conditions.

  7. Tulsa Oklahoma Oktoberfest Tent Collapse Report

    Directory of Open Access Journals (Sweden)

    Kelly E. Deal

    2012-01-01

    Full Text Available Background. On October 17, 2007, a severe weather event collapsed two large tents and several smaller tents causing 23 injuries requiring evacuation to emergency departments in Tulsa, OK. Methods. This paper is a retrospective analysis of the regional health system’s response to this event. Data from the Tulsa Fire Department, The Emergency Medical Services Authority (EMSA, receiving hospitals and coordinating services were reviewed and analyzed. EMS patient care reports were reviewed and analyzed using triage designators assigned in the field, injury severity scores, and critical mortality. Results. EMT's and paramedics from Tulsa Fire Department and EMSA provided care at the scene under unified incident command. Of the 23 patients transported by EMS, four were hospitalized, one with critical spinal injury and one with critical head injury. One patient is still in ongoing rehabilitation. Discussion. Analysis of the 2007 Tulsa Oktoberfest mass casualty incident revealed rapid police/fire/EMS response despite challenges of operations at dark under severe weather conditions and the need to treat a significant number of injured victims. There were no fatalities. Of the patients transported by EMS, a minority sustained critical injuries, with most sustaining injuries amenable to discharge after emergency department care.

  8. The Collapse of the 'Celtic Tiger' Narrative

    DEFF Research Database (Denmark)

    Böss, Michael

    2011-01-01

    An account of the factors that led to the collapse of the 'Celtic Tiger' economy in 2008 and an explanation of the political effects and implications for Irish identity.......An account of the factors that led to the collapse of the 'Celtic Tiger' economy in 2008 and an explanation of the political effects and implications for Irish identity....

  9. Critical gravitational collapse with angular momentum

    CERN Document Server

    Gundlach, Carsten

    2016-01-01

    We derive a theoretical model of mass and angular momentum scaling in type-II critical collapse with rotation. We focus on the case where the critical solution has precisely one, spherically symmetric, unstable mode. We demonstrate excellent agreement with numerical results for critical collapse of a rotating radiation fluid, which falls into this case.

  10. Sharper criteria for the wave collapse

    DEFF Research Database (Denmark)

    Kuznetsov, E.A.; Juul Rasmussen, J.; Rypdal, K.

    1995-01-01

    Sharper criteria for three-dimensional wave collapse described by the Nonlinear Schrodinger Equation (NLSE) are derived. The collapse threshold corresponds to the ground state soliton which is known to be unstable. Thus, for nonprefocusing distributions this represents the separatrix between...

  11. Contagious cooperation, temptation and ecosystem collapse

    NARCIS (Netherlands)

    Richter, A.P.; Soest, van D.; Grasman, J.

    2013-01-01

    Real world observations suggest that social norms of cooperation can be effective in overcoming social dilemmas such as the joint management of a common pool resource—but also that they can be subject to slow erosion and sudden collapse. We show that these patterns of erosion and collapse emerge end

  12. Collapse dynamics of bubble raft under compression

    Science.gov (United States)

    Kuo, Chin-Chang; Kachan, Devin; Levine, Alexander; Dennin, Michael; Department of Physics; Astronomy, University of California, Irvine Collaboration; Department of Physics; Astronomy, University of California, Los Angeles Collaboration

    2015-03-01

    We report on the collapse of bubble rafts under compression in a closed rectangular geometry. A bubble raft is a single layer of bubbles at the air-water interface. A collapse event occurs when bubbles submerge beneath the neighboring bubbles under applied compression causing the structure of the bubble raft to go from single-layer to multi-layer. We studied the collapse dynamics as a function of compression velocity. At higher compression velocity we observe a more uniform distribution of collapse events, whereas at lower compression velocities, the collapse events accumulate at the system boundaries. We will present results that compare the distribution of collapse probability in the experiments to simulations based on a one-dimensional Ising model with elastic coupling between spin elements. Both the experimental system and simulations are excellent models for collapse in a number of complex systems. By comparing the two systems, we can tune the simulation to better understand the role of the Ising and elastic couplings in determining the collapse dynamics. We acknowledge DMR-1309402.

  13. Collapsing cavities in reactive and nonreactive media

    Science.gov (United States)

    Bourne, Neil K.; Field, John E.

    1991-04-01

    This paper presents results of a high-speed photographic study of cavities collapsed asymmetrically by shocks of strengths in the range 0.26 GPa to 3.5 GPa. Two-dimensional collapses of cavity configurations punched into a 12% by weight gelatine in water sheet, and an ammonium nitrate/sodium nitrate (AN/SN) emulsion explosive were photographed using schlieren optics. The single cavity collapses were characterized by the velocity of the liquid jet formed by the upstream wall as it was accelerated by the shock and by the time taken for the cavity to collapse. The shock pressure did not qualitatively affect the collapse behaviour but jet velocities were found to exceed incident shock velocities at higher pressures. The more violent collapses induced light emission from the compressed gas in the cavity. When an array of cavities collapsed, a wave, characterized by the particle velocity in the medium, the cavity diameter and the inter-cavity spacing, was found to run through the array. When such an array was created within an emulsion explosive, ignition of the reactive matrix occurred ahead of the collapse wave when the incident shock was strong.

  14. Collapse of Electrostatic Waves in Magnetoplasmas

    DEFF Research Database (Denmark)

    Shukla, P. K.; Yu, M. Y.; Juul Rasmussen, Jens

    1984-01-01

    The two-fluid model is employed to investigate the collapse of electrostatic waves in magnetized plasmas. It is found that nonlinear interaction of ion cyclotron, upper-, and lower-hybrid waves with adiabatic particle motion along the external magnetic field can cause wave-field collapse....

  15. Hierarchical Cluster Assembly in Globally Collapsing Clouds

    CERN Document Server

    Vazquez-Semadeni, Enrique; Colin, Pedro

    2016-01-01

    We discuss the mechanism of cluster formation in a numerical simulation of a molecular cloud (MC) undergoing global hierarchical collapse (GHC). The global nature of the collapse implies that the SFR increases over time. The hierarchical nature of the collapse consists of small-scale collapses within larger-scale ones. The large-scale collapses culminate a few Myr later than the small-scale ones and consist of filamentary flows that accrete onto massive central clumps. The small-scale collapses form clumps that are embedded in the filaments and falling onto the large-scale collapse centers. The stars formed in the early, small-scale collapses share the infall motion of their parent clumps. Thus, the filaments feed both gaseous and stellar material to the massive central clump. This leads to the presence of a few older stars in a region where new protostars are forming, and also to a self-similar structure, in which each unit is composed of smaller-scale sub-units that approach each other and may merge. Becaus...

  16. COMMERCIAL BANK LIQUIDITY MANAGEMENT

    OpenAIRE

    KOREKOV A.V.

    2015-01-01

    Bank liquidity management and optimal resource allocation of commercial bank Nostro accounts balances receive much less attention from the scientists compared to the questions on capital structure, funding, credit risk analysis and stress testing. Optimal liquidity management is a way to lower bank costs and risks, which are going to increase over time, especially when money markets are dry of free funds. There are two sides of the issue to be analyzed. The optimal resource allocation and cor...

  17. Bank Record Processing

    Science.gov (United States)

    1982-01-01

    Barnett Banks of Florida, Inc. operates 150 banking offices in 80 Florida cities. Banking offices have computerized systems for processing deposits or withdrawals in checking/savings accounts, and for handling commercial and installment loan transactions. In developing a network engineering design for the terminals used in record processing, an affiliate, Barnett Computing Company, used COSMIC's STATCOM program. This program provided a reliable network design tool and avoided the cost of developing new software.

  18. UNINSURED DEPOSITOR RIGHTS PROTECTION IN BANK INSOLVENCY

    Directory of Open Access Journals (Sweden)

    Tomas Ambrasas

    2013-06-01

    unprofessional client in the context of insolvent Lithuanian bank “Snoras” typology. Another significant issue, analyses problematic aspects of the bank’s obligations, which are very specific in bank bankruptcy frameworks. Thus, bank insolvency affects not only public interest but private interests as well as. Customers' interests are also effected, for that reason, it is necessary to investigate the depositor rights protection area and the first question to consider is, what bank behavior is legally untolerated and unacceptable to depositor certificates holders in bank insolvency? The issue based on the fact that Lithuanian bank “Snoras” actively disseminated deposit certificates ex ante bank insolvency. So what happens ex post and is there any legal chances to treat deposit certificates as an insurance object with the compensation to depositors? The issue is relevant to Lithuania banks depositors, academic society as well as the jurisprudence of Lithuania. Originality/Value – Processes of bank insolvency are recurrent phenomenal. The banking industry has faced great legal and economic challenges in the last few years of financial crisis. Lithuania is not an exception. Two Lithuanian banks faced insolvency almost in a year. These cases require new legal viewpoint in the area of depositor rights protection and market discipline. Furthermore, due to the bank insolvency, not only public interests but the private interests as well as depositors are affected. Besides, recent new jurisprudence has formed in Lithuania courts, in the context of bank consumers (depositors - unskilled, unprofessional and unpracticed on occasion specific bank products (certificate of deposit – so it requires a new legal viewpoint in order to identify legal relations between secured and unsecured depositors. Keywords: Bank insolvency, bank, uninsured depositors, deposit, deposit certificates. Research type: research paper.

  19. Fire-induced collapses of steel structures

    DEFF Research Database (Denmark)

    Dondera, Alexandru; Giuliani, Luisa

    Single-story steel buildings such as car parks and industrial halls are often characterised by stiff beams and flexible columns and may experience an outward (sway) collapse during a fire, endangering people and properties outside the building. It is therefore a current interest of the research...... on the beam. By means of those tables, a simple method for the assessment and the countermeasure of unsafe collapse mode of single-story steel buildings can be derived....... to investigate the collapse behaviour of single-story steel frames and identify relevant structural characteristics that influence the collapse mode. In this paper, a parametric study on the collapse a steel beam-column assembly with beam hinged connection and fixed column support is carried out under...

  20. Four Tails Problems for Dynamical Collapse Theories

    CERN Document Server

    McQueen, Kelvin J

    2015-01-01

    The primary quantum mechanical equation of motion entails that measurements typically do not have determinate outcomes, but result in superpositions of all possible outcomes. Dynamical collapse theories (e.g. GRW) supplement this equation with a stochastic Gaussian collapse function, intended to collapse the superposition of outcomes into one outcome. But the Gaussian collapses are imperfect in a way that leaves the superpositions intact. This is the tails problem. There are several ways of making this problem more precise. But many authors dismiss the problem without considering the more severe formulations. Here I distinguish four distinct tails problems. The first (bare tails problem) and second (structured tails problem) exist in the literature. I argue that while the first is a pseudo-problem, the second has not been adequately addressed. The third (multiverse tails problem) reformulates the second to account for recently discovered dynamical consequences of collapse. Finally the fourth (tails problem di...

  1. Wetting dynamics of a collapsing fluid hole

    Science.gov (United States)

    Bostwick, J. B.; Dijksman, J. A.; Shearer, M.

    2017-01-01

    The collapse dynamics of an axisymmetric fluid cavity that wets the bottom of a rotating bucket bound by vertical sidewalls are studied. Lubrication theory is applied to the governing field equations for the thin film to yield an evolution equation that captures the effect of capillary, gravitational, and centrifugal forces on this converging flow. The focus is on the quasistatic spreading regime, whereby contact-line motion is governed by a constitutive law relating the contact-angle to the contact-line speed. Surface tension forces dominate the collapse dynamics for small holes with the collapse time appearing as a power law whose exponent compares favorably to experiments in the literature. Gravity accelerates the collapse process. Volume dependence is predicted and compared with experiment. Centrifugal forces slow the collapse process and lead to complex dynamics characterized by stalled spreading behavior that separates the large and small hole asymptotic regimes.

  2. Continuous Observations and the Wave Function Collapse

    CERN Document Server

    Marchewka, A

    2011-01-01

    We propose to modify the collapse axiom of quantum measurement theory by replacing the instantaneous with a continuous collapse of the wave function in finite time $\\tau$. We apply it to coordinate measurement of a free quantum particle that is initially confined to a domain $D\\subset\\rR^d$ and is observed continuously by illuminating $\\rR^d-D$. The continuous collapse axiom (CCA) defines the post-measurement wave function (PMWF)in $D$ after a negative measurement as the solution of Schr\\"odinger's equation at time $\\tau$ with instantaneously collapsed initial condition and homogeneous Dirichlet condition on the boundary of $D$. The CCA applies to all cases that exhibit the Zeno effect. It rids quantum mechanics of the unphysical artifacts caused by instantaneous collapse and introduces no new artifacts.

  3. Bank Resolution in Europe

    DEFF Research Database (Denmark)

    N. Gordon, Jeffery; Ringe, Georg

    2015-01-01

    Bank resolution is a key pillar of the European Banking Union. This column argues that the current structure of large EU banks is not conducive to an effective and unbiased resolution procedure. The authors would require systemically important banks to reorganise into a ‘holding company’ structure......, where the parent company holds unsecured term debt sufficient to cover losses at its operating financial subsidiaries. This would facilitate a ‘single point of entry’ resolution procedure, minimising the risk of creditor runs and destructive ring-fencing by national regulators....

  4. Essays on banking and regulation

    NARCIS (Netherlands)

    Todorov, R.I.

    2013-01-01

    This thesis consists of three chapters that explore issues related to bank capital, multinational bank supervision, and bank lending in a developing country. The first chapter explores the impact of peer banks on bank capital adjustments. The second chapter evaluates the extent to which distortions

  5. The Challenges and Strategies about Liberalization of Interest Rate on Commercial Bank in China%利率市场化对我国商业银行的挑战及应对策略

    Institute of Scientific and Technical Information of China (English)

    魏宝兰

    2012-01-01

    利率市场化是我国金融市场国际化非常重要的一步。利率市场化使中国银行业面临严峻考验。面对净利息收入减少、利率波动提高、银行竞争加剧、信用风险提高以及系统性风险加大,我国商业银行必须调整盈利结构,创新产品,拓宽利润增长点。%Interest rate liberalization is a very important step during financial market internationalization in our country, which makes commercial banks facing risks. To deal with interest income decrease, the fluctuation of in- terest rate, increasing competition among banks, credit risk and systematic risk, commercial banks should dedicate to profit structure adjustment, innovative products and profit expansion.

  6. Factors Determining Mergers of Banks in Malaysia's Banking Sector Reform

    National Research Council Canada - National Science Library

    Rubi Ahmad; Mohamed Ariff; Michael Skully

    2007-01-01

    What was termed government-guided merger was a unique banking sector reform implemented in 2002 by the central bank of Malaysia guiding a larger number of depository institutions to form 10 large banks...

  7. Scapholunate advanced collapse wrist salvage.

    Science.gov (United States)

    Ashmead, D; Watson, H K; Damon, C; Herber, S; Paly, W

    1994-09-01

    Patients with scapholunate advanced collapse (SLAC) wrist do not have to undergo total wrist arthrodesis; the SLAC pattern spares the radiolunate articulation, providing a basis for salvage. We report the results of 100 cases in which a technique comprised of scaphoid excision and limited wrist arthrodesis was used. The average followup period of 44 months revealed excellent functional status and a high rate of patient satisfaction. The majority of employed patients were able to return to their original jobs, and many chose to resume wrist-related recreational activities. Pain relief was good to excellent in most cases. Extension/flexion averaged 72 degrees (53% of a normal opposite wrist), radioulnar deviation 37 degrees (59%), and grip strength 80% of the opposite side. X-ray films revealed only two instances of radiolunate destruction, both in conjunction with ulnar translation of the carpus. The other 98 patients demonstrated a well-preserved radiolunate joint regardless of followup interval. Complications were few. Nonunion occurred in three cases. A dorsal impingement of the capitate and radius (12%) was felt to be technique-related and avoidable by careful capitolunate alignment.

  8. Islamic banks and profitability: an empirical analysis of Indonesian banking

    OpenAIRE

    Jordan, Sarah

    2013-01-01

    This paper provides an empirical analysis of the factors that determine the profitability of Indonesian banks between the years 2006-2012. In particular, it investigates whether there are any significant differences in terms of profitability between Islamic banks and commercial banks. The results, obtained by applying the system-GMM estimator to the panel of 54 banks, indicate that the high bank profitability during these years were determined mainly by the size of the banks, the market share...

  9. Removing bank subsidies leads inexorably to full reserve banking

    OpenAIRE

    Musgrave, Ralph S.

    2013-01-01

    The recent banking crisis laid bare a long standing and inherent defect in fractional reserve banking: the fact that fractional reserve is unlikely to work for long without taxpayer backing. Changing bank regulations in such a way that banks are never a burden on taxpayers leads inexorably to full reserve banking. Full reserve involves splitting the banking industry into two halves. A safe half where depositors earn no interest, but they do have instant access to their money, and a second...

  10. Removing bank subsidies leads inexorably to full reserve banking

    OpenAIRE

    Musgrave, Ralph S.

    2013-01-01

    The recent banking crisis laid bare a long standing and inherent defect in fractional reserve banking: the fact that fractional reserve is unlikely to work for long without taxpayer backing. Changing bank regulations in such a way that banks are never a burden on taxpayers leads inexorably to full reserve banking. Full reserve involves splitting the banking industry into two halves. A safe half where depositors earn no interest, but they do have instant access to their money, and a second...

  11. Bank Lending and Relationship Banking: Evidence from Chilean Firms

    OpenAIRE

    Andrea Repetto; Sergio Rodríguez; Rodrigo O. Valdés

    2002-01-01

    In this paper we empirically study bank-client relationships using a sample of manufacturing Chilean firms. We examine whether concentration and the duration of bank-firm relationships affect the terms of bank financing, evaluating both the volume of bank lending and bank loan costs. Our results indicate that lower concentration, measured by the number of banks a firm borrows from, is associated with lower costs of loans and with a large and positive non-lincar effect on borrowing. The length...

  12. Dual Banking Systems and Interest Rate Risk for Islamic Banks

    OpenAIRE

    Bacha, Obiyathulla I.

    2004-01-01

    In introducing Islamic banking in Malaysia, the basic strategy was to replicate the products/ services offered by conventional banks. The successful implementation of such a strategy has meant that Malaysia today has a truly dual banking system. Islamic banks in Malaysia not only have product similarity with conventional banks but share the same overall economic environment and a common customer base. The ability of non Muslim customers/depositors to switch between the two banking syste...

  13. Methods of Payment to Banks: e-Banking. Comparative Study on Three Banks

    Directory of Open Access Journals (Sweden)

    Miranda Petronella VLAD

    2012-11-01

    Full Text Available E-banking website, majority offers the banks. At first it was electronic-banking, Internet-banking followed, followed by mobile-banking service. These services offer the same facilities, Customer Bank just that varies the channel used for communication with the Bank. The services offered by banks through E-banking, approves: compilation of orders; scheduled payments; orders for payment of wages; internal transfers; pay rates on internal or external; currency exchanges; view balances of accounts at any time; information about foreign exchange rates; view and print account statements; the definition of beneficiaries of direct payments by the client.

  14. 78 FR 12360 - PNC Bank, National Association, Retail Bank Franklin, PA; PNC Bank, National Association, Retail...

    Science.gov (United States)

    2013-02-22

    ... Employment and Training Administration PNC Bank, National Association, Retail Bank Franklin, PA; PNC Bank, National Association, Retail Bank West Chester, IL; Notice of Negative Determination Regarding Application... Assistance (TAA) applicable to workers and former workers of PNC Bank, National Association, Retail...

  15. [Financial aspects of tissue bank activities].

    Science.gov (United States)

    Gabrić, Nikica; Dekaris, Iva

    2007-12-01

    Nowadays, we are faced with increasing challenges in the field of tissue banking. New technologies and scientific advances have resulted in new standards designed by European Union in the form of Directives. Our ophthalmologists have also participated in this process, Professor Nikica Gabrić as member of the European Eye Bank Association Committee (1999-2005) and Associate Professor Iva Dekaris as member of the same Committee (2005-2006). Since this year, Associate Professor Iva Dekaris has been appointed actual vice-president and future president of this general European organization in charge of corneal tissue banking. She will hold the position for the next three years by automatism. New regulations made to enhance tissue banking in order to provide greater amount of safety and contentment for patients necessitate increased costs. Taking eye bank as an example, we showed financial problems that each tissue bank is faced with every day. Taking care of all the costs needed for processing human corneal tissue in Croatia that will be used for transplantation, we calculated approximate costs required for this process and compared them with other countries.

  16. Making Central Banks Serve The Real Economy

    Directory of Open Access Journals (Sweden)

    Suleika Reiners

    2013-10-01

    Full Text Available The challenge is to redirect central bank money into the real economy and to the needs of society. If new money is issued to expand the productive capacity, there is no reason for inflation. Long-term financing could become available at an affordable price. Central bank money must not replace a sound tax system and the distribution of income and wealth, but complement them. The remaining task, apart from the financing of real needs, is the prevention of speculative asset price inflation. For this, central banks and regulators should install debt brakes for the financial sector. Furthermore, independent monetary policy calls for capital account management. It enables national central banks to find space for the conduct of their own policies in an interdependent global economy. Coordination between central banks and governments might increase as policies combine monetary, fiscal and regulatory facets. The future role of central banks should particularly lie in their insights regarding capital flows and leverage cycles and in their ability to create and withdraw money, depend­ing on economic conditions.

  17. Motion of three vortices near collapse

    Science.gov (United States)

    Leoncini, X.; Kuznetsov, L.; Zaslavsky, G. M.

    2000-08-01

    A system of three point vortices in an unbounded plane has a special family of self-similarly contracting or expanding solutions: during the motion, the vortex triangle remains similar to the original one, while its area decreases (grows) at a constant rate. A contracting configuration brings three vortices to a single point in a finite time; this phenomenon known as vortex collapse is of principal importance for many-vortex systems. Dynamics of close-to-collapse vortex configurations depends on the way the collapse conditions are violated. Using an effective potential representation, a detailed quantitative analysis of all the different types of near-collapse dynamics is performed when two of the vortices are identical. We discuss time and length scales, emerging in the problem, and their behavior as the initial vortex triangle is approaching an exact collapse configuration. Different types of critical behaviors, such as logarithmic or power-law divergences are exhibited, which emphasize the importance of the way the collapse is approached. Period asymptotics for all singular cases are presented as functions of the initial vortice's configurations. Special features of passive particle mixing by near-collapse flows are illustrated numerically.

  18. Bank profitability: Insights from the rural banking industry in Ghana

    Directory of Open Access Journals (Sweden)

    Michael Adusei

    2015-12-01

    Full Text Available This paper analyzes the profitability of 112 rural banks (special unit banks created to promote rural financial intermediation in Ghana. The results generally show that bank size, funding risk, diversification, liquidity risk, and bank stability are significant predictors of rural bank profitability. Whereas an improvement in the funding risk of a rural bank in a particular period portends a drop in its profitability in the future, an improvement in the size, diversification, liquidity risk, and stability of a rural bank signifies an improvement in the future profitability of the bank.

  19. The macroeconomics of banking

    NARCIS (Netherlands)

    van der Kwaak, C.G.F.

    2017-01-01

    This thesis studies the macroeconomic effectiveness of monetary and fiscal policy in an environment where commercial banks are undercapitalized after a financial crisis and have large holdings of (risky) government bonds on their balance sheets. An undercapitalized banking system cannot perfectly el

  20. Optimal central bank transparency

    NARCIS (Netherlands)

    van der Cruijsen, C.A.B.; Eijffinger, S.C.W.; Hoogduin, L.

    2008-01-01

    Should central banks increase their degree of transparency any further? We show that there is likely to be an optimal intermediate degree of central bank transparency. Up to this optimum more transparency is desirable: it improves the quality of private sector inflation forecasts. But beyond the opt

  1. Optimal central bank transparency

    NARCIS (Netherlands)

    van der Cruijsen, C.A.B.; Eijffinger, S.C.W.; Hoogduin, L.H.

    2010-01-01

    Should central banks increase their degree of transparency any further? We show that there is likely to be an optimal intermediate degree of central bank transparency. Up to this optimum more transparency is desirable: it improves the quality of private sector inflation forecasts. But beyond the opt

  2. Innovative strategies of bank

    Directory of Open Access Journals (Sweden)

    G.A Peresadko

    2012-03-01

    Full Text Available The article deals with the specifics of banking innovations, the global trends of innovative strategies in the banking sector was described, analyzed the necessary methodology for their implementation, proposed plan of innovative activities and its possible application in Ukraine.

  3. Banking and trading

    NARCIS (Netherlands)

    Boot, A.W.A.; Ratnovski, L.

    2013-01-01

    We study the interaction between relationship banking and short-term, scalable arm’s length finance which we call trading. Relationship banking is not scalable, has high franchise value, is long-term oriented and low risk. Trading is transaction-based: scalable, with lower margins (capital constrain

  4. Banking and trading

    NARCIS (Netherlands)

    Boot, A.W.A.; Ratnovski, L.

    2013-01-01

    We study the interaction between relationship banking and short-term, scalable arm’s length finance which we call trading. Relationship banking is not scalable, has high franchise value, is long-term oriented and low risk. Trading is transaction-based: scalable, with lower margins (capital

  5. Essays in empirical banking

    NARCIS (Netherlands)

    Bai, Y.

    2015-01-01

    This dissertation consists of three essays on empirical banking. They study how do information and political activeness affect banks’ lending behavior, as well as the effect of lending relationship with banks on firms’ stock performance during interbank liquidity crunch. The first essay looks at a t

  6. Against Contextualism: Belief, Evidence, & the Bank Cases

    Directory of Open Access Journals (Sweden)

    Logan Paul Gage

    2013-04-01

    Full Text Available Contextualism (the view that ‘knowledge’ and its variants are context-sensitive has been supported in large part through appeal to intuitions about Keith DeRose’s Bank Cases. Recently, however, the contextualist construal of these cases has come under fire from Kent Bach and Jennifer Nagel who question whether the Bank Case subject’s confidence can remain constant in both low- and high-stakes cases. Having explained the Bank Cases and this challenge to them, I argue that DeRose has given a reasonable reply to this initial challenge. However, I proceed to argue that the current stalemate can be broken. Seeking to extend the Bach–Nagel critique, I offer a novel interpretation of the Bank Cases according to which the subject’s evidence changes between low- and high-stakes cases. If I am correct, then, given the amount of support the Bank Cases have been thought to lend contextualism, the case for contextualism is seriously weakened.

  7. Foreign Funds for City Banks

    Institute of Scientific and Technical Information of China (English)

    WANGPEI

    2005-01-01

    The rather straightforward restructuring of the Bank of Beijing became more arresting in January after Deutsche Bank was reported to be competing with its Dutch rival ING to purchase a stake in the local city commercial bank.

  8. Competition in investment banking

    Directory of Open Access Journals (Sweden)

    Katrina Ellis

    2011-01-01

    Full Text Available We construct a comprehensive measure of overall investment banking competitiveness for follow-on offerings that aggregates the various dimensions of competition such as fees, pricing accuracy, analyst recommendations, distributional abilities, market making prowess, debt offering capabilities, and overall reputation. The measure allows us to incorporate trade-offs that investment banks may use in competing for new or established clients. We find that firms who switch to similar-quality underwriters enjoy more intense competition among investment banks which manifests in lower fees and more optimistic recommendations. Investment banks do compete vigorously for some clients, with the level of competition related to the likelihood of gaining or losing clients. Finally, investment banks not performing up to market norms are more likely to be dropped in the follow-on offering. In contrast, firms who seek a higher reputation underwriter face relatively non-competitive markets.

  9. Financial Independence of Central Bank through the Balance Sheet Prism

    Directory of Open Access Journals (Sweden)

    Ivanović Valentina

    2014-05-01

    Full Text Available The main reason for central bank independence lies in the fact that it is necessary to clearly distinguish spending money from the ability of making money. Independence of central banks is now a characteristic of almost all developed and highly industrialized countries. In this respect, it represents an essential part of the overall economic reality of these countries. Over the past decade or somewhat earlier, the issue of importance of central bank independence has been raised in developing countries, making the institutional, functional, personal and financial independence of central banks current topics for consideration. The key reason for the growing attention to financial independence of central banks is due to the effects of the global financial crisis on their balance sheets and therefore the challenges related to achieving the basic goals of the functioning of central banks - financial stability and price stability.

  10. The Impact of Information Technology in Nigeria's Banking Industry

    CERN Document Server

    Oluwatolani, Oluwagbemi; Philip, Achimugu

    2011-01-01

    Today, information technology (IT) has become a key element in economic development and a backbone of knowledge-based economies in terms of operations, quality delivery of services and productivity of services. Therefore, taking advantage of information technologies (IT) is an increasing challenge for developing countries. There is now growing evidence that Knowledge-driven innovation is a decisive factor in the competitiveness of nations, industries, organizations and firms. Organizations like the banking sector have benefited substantially from e-banking, which is one among the IT applications for strengthening the competitiveness. This paper presents the current trend in the application of IT in the banking industries in Nigeria and gives an insight into how quality banking has been enhanced via IT. The paper further reveals that the deployment of IT facilities in the Nigerian Banking industry has brought about fundamental changes in the content and quality of banking business in the country. This analysis...

  11. An Overview of Optimizing Strategies for Flotation Banks

    Directory of Open Access Journals (Sweden)

    Miguel Maldonado

    2012-10-01

    Full Text Available A flotation bank is a serial arrangement of cells. How to optimally operate a bank remains a challenge. This article reviews three reported strategies: air profiling, mass-pull (froth velocity profiling and Peak Air Recovery (PAR profiling. These are all ways of manipulating the recovery profile down a bank, which may be the property being exploited. Mathematical analysis has shown that a flat cell-by-cell recovery profile maximizes the separation of two floatable minerals for a given target bank recovery when the relative floatability is constant down the bank. Available bank survey data are analyzed with respect to recovery profiling. Possible variations on recovery profile to minimize entrainment are discussed.

  12. Biological effects of stellar collapse neutrinos

    CERN Document Server

    Collar, J I

    1996-01-01

    Massive stars in their final stages of collapse radiate most of their binding energy in the form of MeV neutrinos. The recoil atoms that they produce in elastic scattering off nuclei in organic tissue create a radiation damage which is highly effective in the production of irreparable DNA harm, leading to cellular mutation, neoplasia and oncogenesis. Using a conventional model of the galaxy and of the collapse mechanism, the periodicity of nearby stellar collapses and the radiation dose are calculated. The possible contribution of this process to the paleontological record of mass extinctions is examined.

  13. Core-Collapse supernovae and its progenitors

    CERN Document Server

    Bose, Subhash; Misra, Kuntal

    2016-01-01

    Massive stars unable to sustain gravitational collapse, at the end of nuclear burning stage, turns out into core-collapse supernovae, leaving behind compact objects like neutron stars or black holes. The progenitor properties like mass and metallicity primarily governs the explosion parameters and type of compact remnant. In this contribution we summarize observational study of three Core Collapse type IIP SNe 2012aw, 2013ab and 2013ej, which are rigorously observed from ARIES and other Indian observatories and discuss their progenitor and explosion properties.

  14. How fast is the wave function collapse?

    CERN Document Server

    Ignatiev, A Yu

    2012-01-01

    Using complex quantum Hamilton-Jacobi formulation, a new kind of non-linear equations is proposed that have almost classical structure and extend the Schroedinger equation to describe the collapse of the wave function as a finite-time process. Experimental bounds on the collapse time are reported (of order 0.1 ms to 0.1 ps) and its convenient dimensionless measure is introduced. This parameter helps to identify the areas where sensitive probes of the possible collapse dynamics can be done. Examples are experiments with Bose-Einstein condensates, ultracold neutrons or ultrafast optics.

  15. Matter and gravitons in the gravitational collapse

    CERN Document Server

    Casadio, Roberto; Giusti, Andrea

    2016-01-01

    We consider the effects of gravitons in the collapse of baryonic matter that forms a black hole. We first note that the effective number of (soft off-shell) gravitons that account for the (negative) Newtonian potential energy generated by the baryons is conserved and always in agreement with the area law of black holes. Moreover, their (positive) interaction energy reproduces the expected post-Newtonian correction and becomes of the order of the total ADM mass of the system when the size of the collapsing object approaches its gravitational radius. This supports a scenario in which the gravitational collapse of regular baryonic matter produces a corpuscular black hole without singularity.

  16. On the quantum corrected gravitational collapse

    Energy Technology Data Exchange (ETDEWEB)

    Torres, Ramón, E-mail: ramon.torres-herrera@upc.edu; Fayos, Francesc, E-mail: f.fayos@upc.edu

    2015-07-30

    Based on a previously found general class of quantum improved exact solutions composed of non-interacting (dust) particles, we model the gravitational collapse of stars. As the modeled star collapses a closed apparent 3-horizon is generated due to the consideration of quantum effects. The effect of the subsequent emission of Hawking radiation related to this horizon is taken into consideration. Our computations lead us to argue that a total evaporation could be reached. The inferred global picture of the spacetime corresponding to gravitational collapse is devoid of both event horizons and shell-focusing singularities. As a consequence, there is no information paradox and no need of firewalls.

  17. On the quantum corrected gravitational collapse

    Directory of Open Access Journals (Sweden)

    Ramón Torres

    2015-07-01

    Full Text Available Based on a previously found general class of quantum improved exact solutions composed of non-interacting (dust particles, we model the gravitational collapse of stars. As the modeled star collapses a closed apparent 3-horizon is generated due to the consideration of quantum effects. The effect of the subsequent emission of Hawking radiation related to this horizon is taken into consideration. Our computations lead us to argue that a total evaporation could be reached. The inferred global picture of the spacetime corresponding to gravitational collapse is devoid of both event horizons and shell-focusing singularities. As a consequence, there is no information paradox and no need of firewalls.

  18. BRAND AS A SOURCE OF COMPETITIVE BANKS IN POLAND

    Directory of Open Access Journals (Sweden)

    Justyna Rutecka

    2016-06-01

    Full Text Available Competition companies enterprises in every sector of the economy. In the age of twenty-first century all parties compete with each other for recognition and trust of cus-tomers. It is a tough challenge especially in the banking services sector. These institutions are not able to stand out in the market offer, because this is similar to competitors. High barriers to entry and a large number of entities that provide services similar to banks threaten these organizations. Currently on the market of banking services is proving to be an important brand. Distinguishing itself from the competition image and brand loyalty is a source of advantage for Polish banks. The building of a strong brand plays an important role such factors as internal communication-on company, advertising, business processes, quality, relations with investors and customers. Its construction is a challenge for many banks, because around it must focus on the whole strategy of the company.

  19. Achieving Payoffs from an Industry Cloud Ecosystem at BankID

    DEFF Research Database (Denmark)

    Eaton, Ben; Hallingby, Hanne Kristine; Nesse, Per-Jonny

    2014-01-01

    BankID is an industry cloud owned by Norwegian banks. It provides electronic identity, authentication and electronic signing capabilities for banking, merchant and government services. More than 60% of the population uses BankID services. As the broader ecosystem around BankID evolved, challenges......—arising from tensions between different parts of the ecosystem—had to be resolved. The four lessons learned from the BankID case will help others to build an industry cloud and establish a healthy ecosystem to service a broad user base....

  20. Observation and Research on Gravitational Erosion Process of Bank Slopes in Headstream Area of Jiangjia Ravine, Yunnan, China

    Institute of Scientific and Technical Information of China (English)

    FENG Zi-li; CUI Peng; CHEN Xiao-qin; CHEN Jie; ZHU Yin-yan

    2005-01-01

    To reveal the gravitational erosion process in the headstream area of Jiangjia Ravine, continuous observation was conducted duing the rainy season. The observation and research show that the change of water content of the bank slope lags the precipitation process, the infiltration water concentrates mainly in the shallow layer of the bank slope, also the bank slope was unsaturated, the floods and debris flows in the gully down cut the gully bed, and scour the foot of the bank slope. These results in many collapses, which is the main type of gravitational erosion process, and it provides large amounts of loose solid materials for the eruption of debris flows.

  1. Gravitational collapse with decaying vacuum energy

    Indian Academy of Sciences (India)

    A Beesham

    2011-09-01

    The effect of dark energy on the end state of spherical radiation collapse is considered within the context of the cosmic censorship hypothesis. It is found that it is possible to have both black holes as well as naked singularities.

  2. Collapsible truss structure is automatically expandable

    Science.gov (United States)

    1965-01-01

    Coil springs wound with maximum initial tension in a three-truss, closed loop structure form a collapsible truss structure. The truss automatically expands and provides excellent rigidity and close dimensional tolerance when expanded.

  3. Climate and the Collapse of Maya Civilization

    National Research Council Canada - National Science Library

    Gerald H. Haug; Detlef Günther; Larry C. Peterson; Daniel M. Sigman; Konrad A. Hughen; Beat Aeschlimann

    2003-01-01

    .... A seasonally resolved record of titanium shows that the collapse of Maya civilization in the Terminal Classic Period occurred during an extended regional dry period, punctuated by more intense...

  4. Hawking radiation from a collapsing quantum shell

    Science.gov (United States)

    Pullin, Jorge; Eyheralde, Rodrigo; Gambini, Rodolfo

    2017-01-01

    We study Hawking radiation from a collapsing shell with uncertainty in its position and momentum. We see there are deviations from the usual spectrum early on in the evolution, tending asymptotically to the usual spectrum plus small corrections.

  5. Signatures of star formation by cold collapse

    CERN Document Server

    Kuznetsova, Aleksandra; Ballesteros-Paredes, Javier

    2015-01-01

    Sub-virial gravitational collapse is one mechanism by which star clusters may form. Here we investigate whether this mechanism can be inferred from observations of young clusters. To address this question, we have computed SPH simulations of the initial formation and evolution of a dynamically young star cluster through cold (sub-virial) collapse, starting with an ellipsoidal, turbulently seeded distribution of gas, and forming sink particles representing (proto)stars. While the initial density distributions of the clouds do not have large initial mass concentrations, gravitational focusing due to the global morphology leads to cluster formation. We use the resulting structures to extract observable morphological and kinematic signatures for the case of sub-virial collapse. We find that the signatures of the initial conditions can be erased rapidly as the gas and stars collapse, suggesting that kinematic observations need to be made either early in cluster formation and/or at larger scales, away from the grow...

  6. Loop quantum dynamics of the gravitational collapse

    CERN Document Server

    Tavakoli, Yaser; Dapor, Andrea

    2013-01-01

    We consider a quantum description for a spherically symmetric gravitational collapse of a massless scalar field. The effective scenario from loop quantum gravity is applied to a homogeneous interior spacetime. Classical singularity that arises at the final stage of our collapsing system, is resolved and replaced by a quantum bounce. Our main purpose is to investigate the evolution of trapped surfaces during the collapse in semiclassical regime. We show that, in this regime, there exists a threshold scale bellow which no horizon can form as collapse evolves towards the bounce. By employing the matching conditions at the boundary shell, quantum effects are carried out to the exterior region, leading to an improved Vaidya geometry. In addition, the effective mass loss emerging in this model predicts an outward energy flux from the interior quantum geometry regime.

  7. Simple Analytic Models of Gravitational Collapse

    Energy Technology Data Exchange (ETDEWEB)

    Adler, R.

    2005-02-09

    Most general relativity textbooks devote considerable space to the simplest example of a black hole containing a singularity, the Schwarzschild geometry. However only a few discuss the dynamical process of gravitational collapse, by which black holes and singularities form. We present here two types of analytic models for this process, which we believe are the simplest available; the first involves collapsing spherical shells of light, analyzed mainly in Eddington-Finkelstein coordinates; the second involves collapsing spheres filled with a perfect fluid, analyzed mainly in Painleve-Gullstrand coordinates. Our main goal is pedagogical simplicity and algebraic completeness, but we also present some results that we believe are new, such as the collapse of a light shell in Kruskal-Szekeres coordinates.

  8. Bank Specific and Macroeconomics Dynamic Determinants of Credit Risk in Islamic Banks and Conventional Banks

    OpenAIRE

    Waeibrorheem Waemustafa; Suriani Sukri

    2015-01-01

    The study analyzes macroeconomic and bank specific determinants of credit risk in Islamic and Conventional Banks. Multivariate Regression analysis is applied on the sample of 15 conventional banks and 13 Islamic Banks in Malaysia over the period between 2000 and 2010. The finding shows that the banks specific determinants of credit risk are uniquely influenced the credit risk formation of Islamic and Conventional banks. The study found that risky sector financing; regulatory capital (REGCAP) ...

  9. Arsia Mons Collapse Pits in IR

    Science.gov (United States)

    2004-01-01

    [figure removed for brevity, see original site] We will be looking at collapse pits for the next two weeks. Collapse pits on Mars are formed in several ways. In volcanic areas, channelized lava flows can form roofs which insulate the flowing lava. These features are termed lava tubes on Earth and are common features in basaltic flows. After the lava has drained, parts of the roof of the tube will collapse under its own weight. These collapse pits will only be as deep as the bottom of the original lava tube. Another type of collapse feature associated with volcanic areas arises when very large eruptions completely evacuate the magma chamber beneath the volcano. The weight of the volcano will cause the entire edifice to subside into the void space below it. Structural features including fractures and graben will form during the subsidence. Many times collapse pits will form within the graben. In addition to volcanic collapse pits, Mars has many collapse pits formed when volatiles (such as subsurface ice) are released from the surface layers. As the volatiles leave, the weight of the surrounding rock causes collapse pits to form. These collapse pits are found on the flank of Arsia Mons and are related to lava tube collapse. Image information: IR instrument. Latitude -8.8, Longitude 240.4 East (119.6 West). 100 meter/pixel resolution. Note: this THEMIS visual image has not been radiometrically nor geometrically calibrated for this preliminary release. An empirical correction has been performed to remove instrumental effects. A linear shift has been applied in the cross-track and down-track direction to approximate spacecraft and planetary motion. Fully calibrated and geometrically projected images will be released through the Planetary Data System in accordance with Project policies at a later time. NASA's Jet Propulsion Laboratory manages the 2001 Mars Odyssey mission for NASA's Office of Space Science, Washington, D.C. The Thermal Emission Imaging System (THEMIS) was

  10. GenBank

    Science.gov (United States)

    Benson, Dennis A.; Cavanaugh, Mark; Clark, Karen; Karsch-Mizrachi, Ilene; Lipman, David J.; Ostell, James; Sayers, Eric W.

    2017-01-01

    GenBank® (www.ncbi.nlm.nih.gov/genbank/) is a comprehensive database that contains publicly available nucleotide sequences for 370 000 formally described species. These sequences are obtained primarily through submissions from individual laboratories and batch submissions from large-scale sequencing projects, including whole genome shotgun (WGS) and environmental sampling projects. Most submissions are made using the web-based BankIt or the NCBI Submission Portal. GenBank staff assign accession numbers upon data receipt. Daily data exchange with the European Nucleotide Archive (ENA) and the DNA Data Bank of Japan (DDBJ) ensures worldwide coverage. GenBank is accessible through the NCBI Nucleotide database, which links to related information such as taxonomy, genomes, protein sequences and structures, and biomedical journal literature in PubMed. BLAST provides sequence similarity searches of GenBank and other sequence databases. Complete bimonthly releases and daily updates of the GenBank database are available by FTP. Recent updates include changes to policies regarding sequence identifiers, an improved 16S submission wizard, targeted loci studies, the ability to submit methylation and BioNano mapping files, and a database of anti-microbial resistance genes. PMID:27899564

  11. Soundness of Ethiopian Banks

    Directory of Open Access Journals (Sweden)

    Hamdu Kedir Mohammed

    2015-06-01

    Full Text Available A well-functioning financial institution will sustain a countries economic development and play a great role in reduction of poverty. One of the major participants in the financial institution is the banking industry. However, the mal-functioning of the banking system can be extremely costly to the real economy. As Bank is one of the participants and major key player in the financial institutions, it needs a continuous assessment by its supervisory and management. Mere ratio analyses are commonly used Performance measurement among the banking industry in Ethiopia. Nonetheless, these financial ratios are more of traditional as well as partial measurements. As such this study conducted using CAMEL framework set by bank for international settlement. The study takes secondary data which are gathered from audited annual reports of all banks. The result shows CAMEL framework is the best fit measurement for Ethiopian Banks and it give a comprehensive result which is very helpful for the governor to set a well determined policy and procedure.

  12. Precursory singularities in spherical gravitational collapse

    Science.gov (United States)

    Lake, Kayll

    1992-05-01

    General conditions are developed for the formation of naked precursory ('shell-focusing') singularities in spherical gravitational collapse. These singularities owe their nakedness to the fact that the gravitational potential fails to be single valued prior to the onset of a true gravitational singularity. It is argued that they do not violate the spirit of cosmic censorship. Rather, they may well be an essentially generic feature of relativistic gravitational collapse.

  13. DR21 Main: A Collapsing Cloud

    OpenAIRE

    Kirby, Larry

    2008-01-01

    The molecular cloud, DR21 Main, is an example of a large-scale gravitational collapse about an axis near the plane of the sky where the collapse is free of major disturbances due to rotation or other effects. Using flux maps, polarimetric maps, and measurements of the field inclination by comparing the line widths of ion and neutral species, we estimate the temperature, mass, magnetic field, and the turbulent kinetic, mean magnetic, and gravitational potential energies, and present a 3D model...

  14. Nonlinear Progressive Collapse Analysis Including Distributed Plasticity

    OpenAIRE

    Mohamed Osama Ahmed; Imam Zubair Syed; Khattab Rania

    2016-01-01

    This paper demonstrates the effect of incorporating distributed plasticity in nonlinear analytical models used to assess the potential for progressive collapse of steel framed regular building structures. Emphasis on this paper is on the deformation response under the notionally removed column, in a typical Alternate Path (AP) method. The AP method employed in this paper is based on the provisions of the Unified Facilities Criteria – Design of Buildings to Resist Progressive Collapse, develop...

  15. Progressive collapse and methods of prevention

    OpenAIRE

    Vasilieva, Anastasia

    2013-01-01

    The purpose of the study was to describe the process of progressive collapse and to find more methods and approaches to design the structure for preventing from this kind of failure. And the last aim was to find Russian norms and standards and make calculations on progressive collapse of the trade center, according to them. In this way the work was commissioned by Finnmap Consulting Oy. The thesis should be interesting to design engineers working with designing the large-span structures o...

  16. Cardiovascular collapse with attempted pericardial drain withdrawal

    Directory of Open Access Journals (Sweden)

    Molly B Kraus

    2016-01-01

    Full Text Available Cardiac tamponade is a rare but serious emergency condition in the pediatric population. As treatment, a pericardial drain is often placed to evacuate the fluid. We present a case of a 4-year-old girl with cardiac tamponade secondary to renal failure. After the tamponade resolved, she suffered cardiovascular collapse upon attempted drain withdrawal. This case highlights an unusual cause for cardiovascular collapse, which occurred on blind removal of a pericardial drain.

  17. Cardiovascular collapse with attempted pericardial drain withdrawal

    OpenAIRE

    Molly B Kraus; Spitznagel, Rachel A; Kugler, Jane A

    2016-01-01

    Cardiac tamponade is a rare but serious emergency condition in the pediatric population. As treatment, a pericardial drain is often placed to evacuate the fluid. We present a case of a 4-year-old girl with cardiac tamponade secondary to renal failure. After the tamponade resolved, she suffered cardiovascular collapse upon attempted drain withdrawal. This case highlights an unusual cause for cardiovascular collapse, which occurred on blind removal of a pericardial drain.

  18. Scalar field collapse with an exponential potential

    Science.gov (United States)

    Chakrabarti, Soumya

    2017-02-01

    An analogue of the Oppenheimer-Synder collapsing model is treated analytically, where the matter source is a scalar field with an exponential potential. An exact solution is derived followed by matching to a suitable exterior geometry, and an analysis of the visibility of the singularity. In some situations, the collapse indeed leads to a finite time curvature singularity, which is always hidden from the exterior by an apparent horizon.

  19. The universe remembers no wavefunction collapse

    OpenAIRE

    Stoica, Ovidiu Cristinel

    2016-01-01

    Two thought experiments are analyzed, revealing that the quantum state of the universe does not contain definitive evidence of the wavefunction collapse. The first thought experiment shows that unitary quantum evolution alone can account for the outcomes of any combination of quantum experiments. This is in contradiction with the standard view on quantum measurement, which appeals to the wavefunction collapse, but it is in full agreement with the special state proposal (L.S. Schulman in Phys ...

  20. Strengthening Standardized Construction of Bank Card, Integrating with International Financial Circles

    Institute of Scientific and Technical Information of China (English)

    Song Lei

    2005-01-01

    @@ Following the accession to the WTO of China,bank card industry faces new competition pressure and challenges. At present, the most outstanding problem we face is, how to narrow the gap of development between the international bank card industry and that of China and keep up with fast-developing paces of international bank card as soon as possible. Objectively speaking, bank card industry of our country is still at the initial stage.

  1. Rethinking banking. Debt discounting and the making of modern money as liquidity

    OpenAIRE

    Sgambati, S.

    2016-01-01

    The article radically challenges the conventional view of modern banking as financial intermediation and rejects the mutually related notion, firmly entrenched in both the mainstream and alternative imaginary, of fractional reserve banking. By contrast, it argues that modern banks are peculiar financiers which, far from banking other people's money, are originally and primarily involved with making money by creating a most fundamental institution of capitalism: liquidity. Crucially, central t...

  2. Rethinking banking. Debt discounting and the making of modern money as liquidity

    OpenAIRE

    Sgambati, S.

    2016-01-01

    The article radically challenges the conventional view of modern banking as financial intermediation and rejects the mutually related notion, firmly entrenched in both the mainstream and alternative imaginary, of fractional reserve banking. By contrast, it argues that modern banks are peculiar financiers which, far from banking other people's money, are originally and primarily involved with making money by creating a most fundamental institution of capitalism: liquidity. Crucially, central t...

  3. PERBANDINGAN PENGHASILAN TABUNGAN MUDHARABAH NASABAH BANK SYARIAH (Studi Kasus pada Bank Syariah Mandiri, Bank Negara Indonesia Syariah, dan Bank Muamalat Indonesia di Makassar)

    OpenAIRE

    ALIMULA, YULIANA

    2014-01-01

    2014 Perbandingan Penghasilan Tabungan Mudharabah Nasabah Bank Syariah (Studi Kasus pada Bank Syariah Mandiri, Bank Negara Indonesia Syariah, dan Bank Muamalat Indonesia di Makassar) Profit Sharing Comparison of Mudharabah Saving of Islamic Banking (A Case Study at Bank Syariah Mandiri, Bank Negara Indonesia Syariah, and Bank Muamalat Indonesia in Makassar) Yuliana Alimula Alimuddin Muhammad Ashari Penelitian ini bertujuan un...

  4. Buckling and unstable collapse of seamless pipes and tubes

    Energy Technology Data Exchange (ETDEWEB)

    Jakani, S.; Van den Abeele, F. [ArcelorMittal Global RnD Ghent, Zelzate, (Belgium); Bar, J. [ArcelorMittal Tubular Products Ostrava, Ostrava, (Czech Republic)

    2010-07-01

    Off-shore pipelines and high pressure casings are subject to buckling and unstable collapse. This paper investigated the unstable collapse of seamless pipes under compressive loading. Collapse pressure tests for high collapse casing grades L80HC and P110HC were carried out by enclosing end-capped specimens in a pressure vessel, and applying hydrostatic pressure. Analytical calculations were performed to predict the critical collapse pressure for pipes with different values of diameter to wall thickness. Four regimes were identified and studied: yielding collapse, plastic collapse, transition range and elastic collapse. Simplified design equations were produced for each regime to estimate the collapse pressure more efficiently. The influence of initial geometric imperfections and material properties was studied with the aim of developing a modified design equation for collapse able to predict the critical collapse pressure of dented seamless pipes. Experimental tests showed that the pipes complied with API standards and the modified equation was validated.

  5. Four tails problems for dynamical collapse theories

    Science.gov (United States)

    McQueen, Kelvin J.

    2015-02-01

    The primary quantum mechanical equation of motion entails that measurements typically do not have determinate outcomes, but result in superpositions of all possible outcomes. Dynamical collapse theories (e.g. GRW) supplement this equation with a stochastic Gaussian collapse function, intended to collapse the superposition of outcomes into one outcome. But the Gaussian collapses are imperfect in a way that leaves the superpositions intact. This is the tails problem. There are several ways of making this problem more precise. But many authors dismiss the problem without considering the more severe formulations. Here I distinguish four distinct tails problems. The first (bare tails problem) and second (structured tails problem) exist in the literature. I argue that while the first is a pseudo-problem, the second has not been adequately addressed. The third (multiverse tails problem) reformulates the second to account for recently discovered dynamical consequences of collapse. Finally the fourth (tails problem dilemma) shows that solving the third by replacing the Gaussian with a non-Gaussian collapse function introduces new conflict with relativity theory.

  6. Bank selection and customers’ perception of banks in Malaysia

    OpenAIRE

    Norhazlin Ismail; Zarehan Selamat; Ong Hway Boon

    2004-01-01

    The process customers go through in choosing a bank has been studied for several decades using different approaches. Understanding the needs and analyzing how the customers select their banks are crucial steps towards the improvement of customer satisfaction. In this study, an attempt is made to identify the determinants of bank selection and customers’ perception of banks in Malaysia.

  7. Scapholunate advanced collapse and scaphoid nonunion advanced collapse arthritis--update on evaluation and treatment.

    Science.gov (United States)

    Strauch, Robert J

    2011-04-01

    Scapholunate advanced collapse (SLAC) and scaphoid nonunion advanced collapse are common patterns of wrist arthritis. Scaphoid nonunion advanced collapse is caused by trauma, whereas SLAC wrist may also result from chronic pseudogout and can appear bilaterally without a clear history of injury. Surgical treatment for SLAC wrist includes 4-corner arthrodesis, capitolunate arthrodesis, complete wrist arthrodesis, proximal row carpectomy (PRC), denervation, and radial styloidectomy. Scaphoid nonunion advanced collapse wrist has the additional surgical option of excision of the distal ununited scaphoid fragment. Controversy persists over the relative merits of PRC versus 4-corner arthrodesis and whether PRC may be performed in the setting of capitate arthritis.

  8. Metamorphosis of Banking Products - A Perception of Bank Employees

    Directory of Open Access Journals (Sweden)

    Harshita B

    2015-08-01

    Full Text Available Banking products are undergoing major changes due to extensive use of it and changing demands of the customers in current scenario. This study basically focuses on the changes came into banking industry and its impact on customers base and bank profits. Data is collected from 50 employees of both private and public sector banks with the help of questionnaire. Hence we can conclude that all banks are providing almost similar products and services to satisfy their customers fully. The continous metamorphsis of banking products not only results in improvement of customer base but also has positive impact on the profits of the bank. Private sector banks are earning more profits as a result of metamorphosis of traditional banking products in comparison to public sector bank.

  9. Sensitivity of Czech Commercial Banks to a Run on Banks

    Directory of Open Access Journals (Sweden)

    Klepková Vodová Pavla

    2015-06-01

    Full Text Available The aim of this paper is to thoroughly evaluate the sensitivity of Czech commercial banks to a run on banks. Our sample includes a significant part of the Czech banking sector in the period 2006-2013. We use three liquidity ratios that we stress via a stress scenario simulating a run on banks accompanied by a 20% withdrawal rate of deposits.We measure the impact of the scenario by the relative changes of these ratios. The results show that, in spite of a decrease in liquidity, most Czech banks would be able to finance such a scenario. The financial crisis influenced bank sensitivity to a run, but with a significant time lag. The severity of the impact of the bank run increases with the size of the bank; large banks are the most vulnerable. The resilience of banks is also determined by their strategy for liquidity risk management.

  10. Explaining money creation by commercial banks

    DEFF Research Database (Denmark)

    Ravn, Ib

    2015-01-01

    Educators and economists concerned with monetary reform face the extraordinary challenge of explaining to the public and its elected representatives not only what a reformed system would look like, but also how the current system works. Centrally, the point that in a modern economy money is largely...... created by commercial banks, as explained by the Bank of England recently (McLeay, Radia & Thomas, 2014b), is often met with incredulity: “What do you mean, created?” This paper introduces five easy-to-grasp analogies that educators and reformers may use to convey key money-creation concepts to a lay...... audience. The analogies offered include (1) money as patches in an expandable patchwork quilt that covers a nation’s real assets, (2) the money supply as water in a bathtub with a faucet and a drain, (3) money understood as debt in a model economy run by schoolchildren, (4) the misleading concept of a bank...

  11. Explaining money creation by commercial banks

    DEFF Research Database (Denmark)

    Ravn, Ib

    2015-01-01

    Educators and economists concerned with monetary reform face the extraordinary challenge of explaining to the public and its elected representatives not only what a reformed system would look like, but also how the current system works. Centrally, the point that in a modern economy money is largely...... created by commercial banks, as explained by the Bank of England recently (McLeay, Radia & Thomas, 2014b), is often met with incredulity: “What do you mean, created?” This paper introduces five easy-to-grasp analogies that educators and reformers may use to convey key money-creation concepts to a lay...... audience. The analogies offered include (1) money as patches in an expandable patchwork quilt that covers a nation’s real assets, (2) the money supply as water in a bathtub with a faucet and a drain, (3) money understood as debt in a model economy run by schoolchildren, (4) the misleading concept of a bank...

  12. Mitigation Banking Factsheet

    Science.gov (United States)

    A mitigation bank is an aquatic resource area that has been restored, established, enhanced, or preserved for the purpose of providing compensation for unavoidable impacts to aquatic resources permitted under Section 404

  13. Assessing efficiency in banking

    Directory of Open Access Journals (Sweden)

    Knežević Snežana

    2012-09-01

    Full Text Available The paper is an attempt to assess the productivity and efficiency on the basis of the information found in financial statements and operating evidence, as well as implementation of the DEA method. The definition of both input and output in banking is absolutely clear, however, an adequate analysis of efficiency in banking requires that the right combinations of input and output be selected Every company has its own principles to implement in its operations. One of the most important is surely the efficiency principle. Relevant academic literature offers various combinations of input and output in testing bank efficiency. The developing countries will find it highly important to monitor bank efficiency and compare it to the countries in the region.

  14. Protein Data Bank (PDB)

    Data.gov (United States)

    U.S. Department of Health & Human Services — The Protein Data Bank (PDB) archive is the single worldwide repository of information about the 3D structures of large biological molecules, including proteins and...

  15. Environmental Data Bank

    Energy Technology Data Exchange (ETDEWEB)

    ,

    1962-06-01

    In an effort to determine the environment to which the equipment designed by Sandia Corporation will be exposed, a "Data Bank" of environmental information was compiled. Measured quantities resulting from actual uses were continually being summarized.

  16. Cord-Blood Banking

    Science.gov (United States)

    ... blood banks may capitalize on the fears of vulnerable new parents by providing misleading information about the statistics of stem cell transplants. Parents of children of ethnic or racial minorities, adopted children, or ...

  17. nigeria's banking sector reforms

    African Journals Online (AJOL)

    NESG PUBLICATIONS

    sector reforms to enthrone sound financial practices and good corporate governance ... April - June 2009 . 9. NIGERIA'S BANKING SECTOR REFORMS: THE JOURNEY SO FAR ..... implementation of a code of sound corporate governance in ...

  18. Varying Impacts of Electronic Banking on the Banking Industry

    OpenAIRE

    Sali Bakare

    2015-01-01

    The banking industry has undergone tremendous changes with the introduction of information technology (IT). Electronic banking (EB) is a new paradigm in banks’ product and service delivery. Electronic banking products and services have become increasingly popular in the past three decades as the banking industry operating in a complex and competitive environment has experienced the awareness to serve its customers electronically. Online banking has become the preferred way for many Americans ...

  19. Efficiency of Commercial Banks in Malaysia

    OpenAIRE

    Mohd. Azmi Omar; Abdul Rahim Abdul Rahman; Rosylin Mohd. Yusof; M Shabri Abd Majid; Mohd. Eskandar Shah Mohd. Rasid

    2006-01-01

    This study investigates the change in the productivity of banking industry during the period of 2000 to 2004. The data consists of a panel of 11 commercial banks in Malaysia namely Malayan Banking, Bumiputra-Commerce, Public Bank, RHB Bank, Hong Leong Berhad, EON Bank, Affin Bank, Southern Bank Berhad, Bank Islam Malaysia Berhad (BIMB), Ambank and Bank Muamalat. Productivity is measured by the Malmquist index, using a Data Envelopment Analysis (DEA) technique. The Malmquist productivity measu...

  20. Banking on the Nation

    DEFF Research Database (Denmark)

    Ravn Sørensen, Anders

    2015-01-01

    In this article, I analyse the narratives of four Danish central bank governors from the late nineteenth century until the mid-1990s. By conducting a historical analysis informed by neo-institutional theory, I show how these central bank governors were continuously involved in public debates over...... claims and that the central bank and its governors gradually became embedded in national identity. Thus, the article highlights the historical development of the co-configuring relationship between Danish national identity and the legitimacy of monetary organization.......In this article, I analyse the narratives of four Danish central bank governors from the late nineteenth century until the mid-1990s. By conducting a historical analysis informed by neo-institutional theory, I show how these central bank governors were continuously involved in public debates over...... the appropriateness and desirability of their decisions and policies. In these debates, interpretations and reproductions of Danish national identity were central to the governors' claims to legitimacy. I argue that past narratives of the Danish central bank and its governors enabled and framed future legitimacy...

  1. Surgical repair of traumatically induced collapsing trachea in an ostrich.

    Science.gov (United States)

    McClure, S R; Taylor, T S; Johnson, J H; Heisterkamp, K B; Sanders, E A

    1995-08-15

    A region of tracheal collapse was identified by endoscopy after surgical repair of a traumatic injury to the neck in an ostrich. During periods of excitation, the ostrich would become dyspneic and collapse. A tracheal split-ring prosthesis was placed surgically to support the collapsing trachea. This technique, which is frequently used in dogs, is applicable for use in birds with collapsing trachea.

  2. Opaqueness and Bank Risk Taking

    Directory of Open Access Journals (Sweden)

    Patrick Behr

    2012-12-01

    Full Text Available This paper investigates the relationship between opaqueness and bank risk taking. Using a sample of 199 banks from 38 countries over the period January 1996 to December 2006, I analyze whether more opaque banks are riskier than less opaque banks. I find suggestive evidence that commonly used proxies for bank opaqueness are significantly related to bank risk taking as measured by the Merton PD and the bank-individual Z-score, even after accounting for potential simultaneity between risk taking and opaqueness. More opaque banks seem to engage more in risk taking than less opaque banks. This result provides support to the common view that bank opaqueness is problematic and that transparency among financial institutions should be increased.

  3. BANK RATING. A COMPARATIVE ANALYSIS

    Directory of Open Access Journals (Sweden)

    Batrancea Ioan

    2015-07-01

    Full Text Available Banks in Romania offers its customers a wide range of products but which involves both risk taking. Therefore researchers seek to build rating models to help managers of banks to risk of non-recovery of loans and interest. In the following we highlight rating Raiffeisen Bank, BCR-ERSTE Bank and Transilvania Bank, based on the models CAAMPL and Stickney making a comparative analysis of the two rating models.

  4. Cost leadership and bank internationalization

    OpenAIRE

    Galema, Rients; Koetter, Michael; Liesegang, Caroline

    2013-01-01

    We adapt a theoretical model from the goods trade literature to test whether banks with a comparative cost advantage are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank-level data on the international activities of all German banks with publicly available bank micro data from possible destination markets to show that the decision to go abroad is driven by relative cost differences. Banks enter markets where they are cost leaders...

  5. The Ethical Stance in Banking

    OpenAIRE

    Villa, Jesus Simeon Villa

    2010-01-01

    Abstract Banks have a central role and importance in all commerce and hence in all societies. This thesis investigates the ethical basis of banking practice with the aim of developing an account of the virtues appropriate to bankers and banking. One central issue concerns a conflict between the interests of banks and their customers, and how this conflict plays out in relation to the lending policies and fee structure of banks. Such lending policies can have a significant effect on ban...

  6. Review of collapse triggering mechanism of collapsible soils due to wetting

    Directory of Open Access Journals (Sweden)

    Ping Li

    2016-04-01

    Full Text Available Loess soil deposits are widely distributed in arid and semi-arid regions and constitute about 10% of land area of the world. These soils typically have a loose honeycomb-type meta-stable structure that is susceptible to a large reduction in total volume or collapse upon wetting. Collapse characteristics contribute to various problems to infrastructures that are constructed on loess soils. For this reason, collapse triggering mechanism for loess soils has been of significant interest for researchers and practitioners all over the world. This paper aims at providing a state-of-the-art review on collapse mechanism with special reference to loess soil deposits. The collapse mechanism studies are summarized under three different categories, i.e. traditional approaches, microstructure approach, and soil mechanics-based approaches. The traditional and microstructure approaches for interpreting the collapse behavior are comprehensively summarized and critically reviewed based on the experimental results from the literature. The soil mechanics-based approaches proposed based on the experimental results of both compacted soils and natural loess soils are reviewed highlighting their strengths and limitations for estimating the collapse behavior. Simpler soil mechanics-based approaches with less parameters or parameters that are easy-to-determine from conventional tests are suggested for future research to better understand the collapse behavior of natural loess soils. Such studies would be more valuable for use in conventional geotechnical engineering practice applications.

  7. STUDY REGARDING THE PERFORMANCE OF THE ROMANIAN BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    Maria Daciana Rodean Cozma

    2014-09-01

    Full Text Available Bank performance is an indicator of the quality management and soundness of commercial banks. The systemic role of the commercial banks in the Romanian economy and their role of main creditor determine the supervisors to monitories their performance and their capacity to face the challenges. Taking into account that we are talking about a banking system which has not yet exceeded during turbulence generated by economic and financial crisis, the aim of this study is to identify and analyze the main determinants of bank performance, so any shocks that may impact on this indicator to be identified early and minimized. The financial authorities, in their attempt to avoid new bank failures, because of their negative impact on the entire financial system, have imposed new capital requirements in order to strengthen the banking system’ capacity to absorb shocks. The most used indicators in order to measure the performance of the banking system are return on assets and return on equity. Taking into accounts this consideration the main objective of this study is to analyze the determinants that have a major impact on the banking system performance in an empirical and theoretical manner. To achieve this goal we used a quantitative method, the Pearson’s coefficient. Into the model were involved datas recorded by Romanian banking system in the period 2008-2013, processed by the publications of National Bank, the International Monetary Fund and the National Institute of Statistics. In the model of the correlation coefficient, the regression involved the following indicators: solvency, nonperforming loans as a percentage of total loans, gross domestic product and inflation. The results demonstrated that the factor that have the greatest impact on banking performance is the solvency ratio, followed by the nonperforming loans, the inflation rate and by the gross domestic product. So it can be observe that internal determinants have a biggest impact on the

  8. Fishing amplifies forage fish population collapses.

    Science.gov (United States)

    Essington, Timothy E; Moriarty, Pamela E; Froehlich, Halley E; Hodgson, Emma E; Koehn, Laura E; Oken, Kiva L; Siple, Margaret C; Stawitz, Christine C

    2015-05-26

    Forage fish support the largest fisheries in the world but also play key roles in marine food webs by transferring energy from plankton to upper trophic-level predators, such as large fish, seabirds, and marine mammals. Fishing can, thereby, have far reaching consequences on marine food webs unless safeguards are in place to avoid depleting forage fish to dangerously low levels, where dependent predators are most vulnerable. However, disentangling the contributions of fishing vs. natural processes on population dynamics has been difficult because of the sensitivity of these stocks to environmental conditions. Here, we overcome this difficulty by collating population time series for forage fish populations that account for nearly two-thirds of global catch of forage fish to identify the fingerprint of fisheries on their population dynamics. Forage fish population collapses shared a set of common and unique characteristics: high fishing pressure for several years before collapse, a sharp drop in natural population productivity, and a lagged response to reduce fishing pressure. Lagged response to natural productivity declines can sharply amplify the magnitude of naturally occurring population fluctuations. Finally, we show that the magnitude and frequency of collapses are greater than expected from natural productivity characteristics and therefore, likely attributed to fishing. The durations of collapses, however, were not different from those expected based on natural productivity shifts. A risk-based management scheme that reduces fishing when populations become scarce would protect forage fish and their predators from collapse with little effect on long-term average catches.

  9. Blue straggler formation at core collapse

    CERN Document Server

    Banerjee, Sambaran

    2016-01-01

    Among the most striking feature of blue straggler stars (BSS) is the presence of multiple sequences of BSSs in the colour-magnitude diagrams (CMDs) of several globular clusters. It is often envisaged that such a multiple BSS sequence would arise due a recent core collapse of the host cluster, triggering a number of stellar collisions and binary mass transfers simultaneously over a brief episode of time. Here we examine this scenario using direct N-body computations of moderately massive star clusters (of order 10^4 Msun ). As a preliminary attempt, these models are initiated with approx. 8-10 Gyr old stellar population and King profiles of high concentrations, being "tuned" to undergo core collapse quickly. BSSs are indeed found to form in a "burst" at the onset of the core collapse and several of such BS-bursts occur during the post-core-collapse phase. In those models that include a few percent primordial binaries, both collisional and binary BSSs form after the onset of the (near) core-collapse. However, t...

  10. Collapsibility and Wettability of Hydrothermally Treated Wood

    Directory of Open Access Journals (Sweden)

    Ghane Mirzaee

    2012-06-01

    Full Text Available Study on collapsibility of oriental beech (Fagus orientalis and paulownia (Paulownia fortune woods due to their hydrothermal modification as well as the wettability and the water absorption were the main concerns of this research work. Out of these species, blocks of sizes 50×6×6cm were prepared and treated at temperatures of 130 and 150°C with a holding time of 30min in a stainless steel reactor containing the water. Oven dried weights and dimensions of the blocks were measured before and after the hydrothermal treatment to determine the density, collapsibility and mass loss due to applied treatment. Furthermore, small blocks of the treated wood were prepared and soaked in water for 1000-hr to determine their water absorption. The wettability of the woods were also measured to determine the water repellency. Results revealed that any raise of treatment temperature up to 150°C increases the density and the collapsibility. Treated wood collapsed in all directions; however, tangential collapse was much worse than the other directions. The contact angle was increased by rise of the treatment temperature. Hydrothermal treatment has reduced water absorption and increased the hydrophobicity of the woods.

  11. Stellar core collapse. I - Infall epoch

    Science.gov (United States)

    van Riper, K. A.; Lattimer, J. M.

    1981-10-01

    Simulations of the collapse of the central iron core of a 15-solar-mass spherically symmetric star are reported. In this paper the infall epoch, between the onset of collapse and core bounce, is considered. The models use the recent equation of state of Lamb, Lattimer, Pethick, and Ravenhall and general-relativistic hydrodynamics. The electron capture rates on nuclei proceed rapidly for densities less than 10 to the 11th g/cu cm, but are suppressed at higher densities where the neutron number of the nucleus, N, exceeds 40 (Fuller, Fowler, and Newman). Neutrino transport is treated by a leakage scheme. The effects of changes in the neutrino trapping density and of qualitative changes in the electron capture reactions on the evolution are explored. Greater lepton loss during collapse leads to larger pressure deficits, more rapid collapse, and smaller inner homologous cores. The entropy change during the infall is small, the absolute value of delta s being less than 0.8. The mass of inner core is given, to about 20%, by the formula of Goldreich and Weber. Because the collapsing core is far from equilibrium, the effects of general relativity are small.

  12. Anterior septal deviation and contralateral alar collapse.

    Science.gov (United States)

    Schalek, P; Hahn, A

    2011-01-01

    Septal deviation is often found in conjunction with other pathological conditions that adversely affect nasal patency. Anterior septal deviation, together with contralateral alar collapse, is a relatively rare type of anatomical and functional incompetence. In our experience, it can often be resolved with septoplasty, without the necessity of surgery involving the external valve. The aim of this paper was to verify this hypothesis prospectively. Twelve patients with anterior septal deviation and simultaneous alar collapse on the opposite side were prospectively enrolled in the study. Subjective assessment of nasal patency was made on post-operative day 1, and again 6 months after surgery, using a subjective evaluation of nasal breathing. The width of the nostril (alar-columellar distance) on the side with the alar collapse was measured during inspiration pre-operatively, 1 day after surgery and again 6 months after surgery. Immediately after surgery, all patients reported improved or excellent nasal breathing on the side of the original septal deviation. On the collapsed side, one patient reported no change in condition. With the exception of one patient, all measurements showed some degree of improvement in the extension of the alar-columellar distance. The average benefit 6 months after surgery was an improvement of 4.54 mm. In our group of patients (anterior septal deviation and simultaneous contralateral alar collapse and no obvious structural changes of the alar cartilage) we found septoplasty to be entirely suitable and we recommend it as the treatment of choice in such cases.

  13. Motion of Three Vortices near Collapse

    CERN Document Server

    Leoncini, X; Zaslavsky, G M

    2000-01-01

    A system of three point vortices in an unbounded plane has a special family of self-similarly contracting or expanding solutions: during the motion, vortex triangle remains similar to the original one, while its area decreases (grows) at a constant rate. A contracting configuration brings three vortices to a single point in a finite time; this phenomenon is known as vortex collapse and is of principal importance for many-vortex systems. The self-similar motion (contracting or expanding) is not generic, it arises when vortex strengths and initial positions satisfy two special collapse conditions. Dynamics of close-to-collapse vortex configurations depends on the way the collapse conditions are violated. We show, that when two of the vortices are identical, it is possible to reduce a three-vortex system to a problem of motion of a particle in an effective potential, defined by initial conditions. Using the effective potential representation, a detailed quantitative analysis of different types of near-collapse d...

  14. Bank Diversification Effects on Bank Performance and Risk Profile of Bank in Indonesia

    Directory of Open Access Journals (Sweden)

    Anthony Lukmawijaya

    2015-05-01

    Full Text Available We investigate the relationship of Indonesian bank diversification towards its long term performance and risk profile with Indonesian bank data from 2009 to 2013. Non-interest income to total operating income of the bank measures its bank diversification level. Bank value is measured by the adjusted Tobin's Q and risk profile which is broken down into total risk, idiosyncratic risk, and systematic risk. The result shows that bank non-interest income diversification has a positive influence on its franchise value. There is, however, no strong evidence that diversification can lower a bank's risk profile.

  15. Banking in southern Europe

    Directory of Open Access Journals (Sweden)

    Lazarević Žarko

    2014-01-01

    Full Text Available The nations discussed here (Italy, Spain, Portugal and Greece have in common - with the exception of Italy, that is - that they used to be on the margins of European economic and social developments. Only Italy succeeded in industrialising itself already prior to World War I. This fundamental trait also determined the developmental path of modern-era banking. Hereby, two important points in the course of development of banking in the Southern European countries need to be emphasised. To begin with, if the lands of the North-Western Europe were large capital exporters, then the South European nations were the importers of this capital. The role of foreign capital, i.e., foreign banks, was great and irreplaceable in the development of banking. The second element in common was a large role of state in the economy in general. Under the circumstances of underdeveloped entrepreneurial environment, the state, through its economic activities, would become the driving force of overall economic and social development. This was also or especially the case with banking. Role played by the state only began to diminish towards the end of the 1980s, in the course of the processes of deregulation and liberalisation both at the international level as well as within the then European Economic Community or subsequent European Union. Already during the preparatory processes prior to the admission into the European Economic Community, Spain, Greece and Portugal, and, however, Italy as well, but due to European Directives it had to abide by, began comprehensive processes of restructuring their national banking systems. Since the second half of the 1980s, banking systems were subjected to liberalisation, deregulation and privatisation.

  16. Indian Banking Sector towards a Sustainable Growth: A Paradigm Shift

    Directory of Open Access Journals (Sweden)

    Namita Rajput

    2013-01-01

    Full Text Available Many countries are changing their approach because of turbulence in environmental issues like weather shocks, climate change, cost of fossils and fuels to basic infrastructure and industrial planning, desire to design more sustainable, resilient pathways to economic growth and are taking Green steps. This environmental turbulence is not giving any corporate any option to initiate the green and sustainable practices rather it is the need of today. Banks can provide important leadership for the required economic renovation that will provide new opportunities for financing and investment policies as well as portfolio management for creation of a strong and successful low carbon economy. The main objective of this paper is to deeply understand how Indian banks are responding to environmental turbulence and to provide an overview of their action in view of green banking adoption, awareness, drivers, challenges and gaps etc by a structured questionnaire supported by secondary data and reports published .The results reveal that there is a small group of banks in India that are leading the sector in tackling climate change, mapping of carbon footprints internally and externally. Internationally, there are several initiatives underway but the response of Indian banks is tardy and sluggish especially in internationally consistent disclosures and environmental protocols, which not only can spur innovation but also helps in pinpointing risk and also generate opportunity. This trend is clearly exhibited in major international initiative UNEP FI there is no single Indian signatory and only eight Indian signatory in CDP-India including HDFC Bank Ltd, IDBI Bank Ltd, Induslnd Bank Ltd ,IDFC, Reliance Capital, State Bank of India, Tata Capital Ltd ,Yes Bank Ltd. Main reasons and challenges faced by Indian banks which are shown by factor analysis include 'Risk of failure of business to peers' and 'Lack of RBI mandates' as main barriers to adopting sustainability

  17. Cost and profit efficiency of banks in Haiti: do domestic banks perform better than foreign banks?

    OpenAIRE

    Cadet, Raulin Lincifort

    2008-01-01

    I use the stochastic frontier methodology to estimate a cost and a profit frontier functions. The Fourier-flexible form is used in this paper because of its flexibility. Results show that, although foreign banks are more cost efficient than domestic banks, domestic banks are more profit efficient than foreign banks, in Haiti. The paper reveals also that, although treasury bills constitute an alternative source of profit for banks in Haiti, a growth of interest rate on treasury bills incre...

  18. Inflationary gravitational waves in collapse scheme models

    Energy Technology Data Exchange (ETDEWEB)

    Mariani, Mauro, E-mail: mariani@carina.fcaglp.unlp.edu.ar [Facultad de Ciencias Astronómicas y Geofísicas, Universidad Nacional de La Plata, Paseo del Bosque S/N, 1900 La Plata (Argentina); Bengochea, Gabriel R., E-mail: gabriel@iafe.uba.ar [Instituto de Astronomía y Física del Espacio (IAFE), UBA-CONICET, CC 67, Suc. 28, 1428 Buenos Aires (Argentina); León, Gabriel, E-mail: gleon@df.uba.ar [Departamento de Física, Facultad de Ciencias Exactas y Naturales, Universidad de Buenos Aires, Ciudad Universitaria – Pab. I, 1428 Buenos Aires (Argentina)

    2016-01-10

    The inflationary paradigm is an important cornerstone of the concordance cosmological model. However, standard inflation cannot fully address the transition from an early homogeneous and isotropic stage, to another one lacking such symmetries corresponding to our present universe. In previous works, a self-induced collapse of the wave function has been suggested as the missing ingredient of inflation. Most of the analysis regarding the collapse hypothesis has been solely focused on the characteristics of the spectrum associated to scalar perturbations, and within a semiclassical gravity framework. In this Letter, working in terms of a joint metric-matter quantization for inflation, we calculate, for the first time, the tensor power spectrum and the tensor-to-scalar ratio corresponding to the amplitude of primordial gravitational waves resulting from considering a generic self-induced collapse.

  19. Gravitational collapse of generalised Vaidya spacetime

    CERN Document Server

    Mkenyeleye, Maombi D; Maharaj, Sunil D

    2014-01-01

    We study the gravitational collapse of a generalised Vaidya spacetime in the context of the Cosmic Censorship hypothesis. We develop a general mathematical framework to study the conditions on the mass function so that future directed non-spacelike geodesics can terminate at the singularity in the past. Thus our result generalises earlier works on gravitational collapse of the combinations of Type-I and Type-II matter fields. Our analysis shows transparently that there exist classes of generalised Vaidya mass functions for which the collapse terminates with a locally naked central singularity. We calculate the strength of the these singularities to show that they are strong curvature singularities and there can be no extension of spacetime through them.

  20. Effect of Rotation in Cloud Core Collapse

    Science.gov (United States)

    Tsuribe, T.

    The collapse of rotating clouds is investigated.At first, isothermal collapse of an initially uniform-density, uniform-rotating, molecular cloud core with pressure and self-gravity is investigated to determine the conditions under which a cloud is unstable to fragmentation. A semianalytic model for the collapse of rotating spheroids is developed with the method of characteristics for inwardly propagating rarefaction waves. Three-dimensional self-gravitating hydrodynamical calculations are performed for the initially uniform-density rigid-rotating sphere. Both investigations show that the criterion for fragmentation is modified from the one in the literature if the property of the non-homologous collapse is taken into account. It is shown that the central flatness, that is, the axial ratio of the isodensity contour in the central region, is a good indicator for the fate of the cloud. We derive the criterion for the fragmentation considering the evolution of the flatness of the central core. If the central flatness becomes greater than the critical value ˜ 4π, a collapsing cloud with moderate perturbations is unstable for fragmentation, while if the central flatness stays smaller than the critical value, it does not fragment at least before adiabatic core formation. Warm clouds (α0 ≳ 0.5) are not expected to fragment before adiabatic core formation almost independent of the initial rotation (β0) and the properties of the initial perturbation. The effect of the initial density central concentration is also investigated. If it exists, distortion or flattening of a cloud core is suppressed even if α0 ≲ 0.5 in small rotation cases due to stronger nonhomologous property of the collapse. We conclude that the binary fragmentation is difficult during isothermal stage if a core collapse had started from near spherical configurations with moderate thermal energy or small rotation. We suggest that the close binary fragmentation may be possible in the nonisothermal

  1. Relativistic Axions from Collapsing Bose Stars

    Science.gov (United States)

    Levkov, D. G.; Panin, A. G.; Tkachev, I. I.

    2017-01-01

    The substructures of light bosonic (axionlike) dark matter may condense into compact Bose stars. We study the collapse of critical-mass stars caused by attractive self-interaction of the axionlike particles and find that these processes proceed in an unexpected universal way. First, nonlinear self-similar evolution (called "wave collapse" in condensed matter physics) forces the particles to fall into the star center. Second, interactions in the dense center create an outgoing stream of mildly relativistic particles which carries away an essential part of the star mass. The collapse stops when the star remnant is no longer able to support the self-similar infall feeding the collisions. We shortly discuss possible astrophysical and cosmological implications of these phenomena.

  2. Plastic collapse load of corroded steel plates

    Indian Academy of Sciences (India)

    Rahbar Ranji Ahmad

    2012-06-01

    Corrosion is one of the detrimental phenomena which reduces strength of structures. It is common practice to assume a uniform thickness reduction for general corrosion. Since the actual corroded plate has rough surfaces, to estimate the remaining strength of corroded structures, typically a much higher level of accuracy is required. The main aim of present work is to study plastic collapse load of corroded steel plates with irregular surfaces under tension. Non-linear finite element method by using computer code ANSYS was employed to determine plastic collapse load. By comparing the results with uniform thickness assumption, a reduction factor was proposed. It is found that by uniform thickness assumption, plastic collapse load of corroded plates are overestimated.

  3. Gravitational collapse: The story so far

    Indian Academy of Sciences (India)

    Pankaj S Joshi

    2000-10-01

    An outstanding problem in gravitation theory and relativistic astrophysics today is to understand the final outcome of an endless gravitational collapse. Such a continual collapse would take place when stars more massive than few times the mass of the sun collapse under their own gravity on exhausting their nuclear fuel. According to the general theory of relativity, this results either in a black hole, or a naked singularity – which can communicate with far away observers in the universe. While black holes are (almost) being detected and are increasingly used to model high energy astrophysical phenomena, naked singularities have turned into a topic of active discussion, aimed at understanding their structure and implications. Recent developments here are reviewed, indicating future directions.

  4. Relativistic axions from collapsing Bose stars

    CERN Document Server

    Levkov, D G; Tkachev, I I

    2016-01-01

    The substructures of light bosonic (axion-like) dark matter may condense into compact Bose stars. We study collapses of the critical-mass stars caused by attractive self-interaction of the axion-like particles and find that these processes proceed in an unexpected universal way. First, nonlinear self-similar evolution (similar to "wave collapse" in plasma physics) forces the particles to fall into the star center. Second, collisions in the dense center create an outgoing stream of mildly relativistic particles which carries away an essential part of the star mass. The collapse stops when the star remnant is no longer able to support the self-similar infall feeding the collisions. We shortly discuss possible astrophysical and cosmological implications of these phenomena.

  5. Collapse of biodiversity in fractured metacommunities

    Science.gov (United States)

    Fisher, Charles; Mehta, Pankaj

    2014-03-01

    The increasing threat to global biodiversity from climate change, habitat destruction, and other anthropogenic factors motivates the search for features that increase the resistance of ecological communities to destructive disturbances. Recently, Gibson et al (Science 2013) observed that the damming of the Khlong Saeng river in Thailand caused a rapid collapse of biodiversity in the remaining tropical forests. Using a theoretical model that maps the distribution of coexisting species in an ecological community to a disordered system of Ising spins, we show that fracturing a metacommunity by inhibiting species dispersal leads to a collapse in biodiversity in the constituent local communities. The biodiversity collapse can be modeled as a diffusion on a rough energy landscape, and the resulting estimate for the rate of extinction highlights the role of species functional diversity in maintaining biodiversity following a disturbance.

  6. Shell instability of a collapsing dense core

    CERN Document Server

    Ntormousi, Evangelia

    2014-01-01

    Understanding the formation of binary and multiple stellar systems largely comes down to studying the circumstances for the fragmentation of a condensing core during the first stages of the collapse. However, the probability of fragmentation and the number of fragments seem to be determined to a large degree by the initial conditions. In this work we study the fate of the linear perturbations of a homogeneous gas sphere both analytically and numerically. In particular, we investigate the stability of the well-known homologous solution that describes the collapse of a uniform spherical cloud. The difficulty of the mathematical singularity in the perturbation equations is surpassed here by explicitly introducing a weak shock next to the sonic point. In parallel, we perform adaptive mesh refinement (AMR) numerical simulations of the linear stages of the collapse and compared the growth rates obtained by each method. With this combination of analytical and numerical tools, we explore the behavior of both spherica...

  7. Air flow in a collapsing cavity

    CERN Document Server

    Peters, Ivo R; Lohse, Detlef; van der Meer, Devaraj

    2013-01-01

    We experimentally study the airflow in a collapsing cavity created by the impact of a circular disk on a water surface. We measure the air velocity in the collapsing neck in two ways: Directly, by means of employing particle image velocimetry of smoke injected into the cavity and indirectly, by determining the time rate of change of the volume of the cavity at pinch-off and deducing the air flow in the neck under the assumption that the air is incompressible. We compare our experiments to boundary integral simulations and show that close to the moment of pinch-off, compressibility of the air starts to play a crucial role in the behavior of the cavity. Finally, we measure how the air flow rate at pinch-off depends on the Froude number and explain the observed dependence using a theoretical model of the cavity collapse.

  8. Inflationary gravitational waves in collapse scheme models

    Directory of Open Access Journals (Sweden)

    Mauro Mariani

    2016-01-01

    Full Text Available The inflationary paradigm is an important cornerstone of the concordance cosmological model. However, standard inflation cannot fully address the transition from an early homogeneous and isotropic stage, to another one lacking such symmetries corresponding to our present universe. In previous works, a self-induced collapse of the wave function has been suggested as the missing ingredient of inflation. Most of the analysis regarding the collapse hypothesis has been solely focused on the characteristics of the spectrum associated to scalar perturbations, and within a semiclassical gravity framework. In this Letter, working in terms of a joint metric-matter quantization for inflation, we calculate, for the first time, the tensor power spectrum and the tensor-to-scalar ratio corresponding to the amplitude of primordial gravitational waves resulting from considering a generic self-induced collapse.

  9. Pengaruh Kualitas Layanan Mobile Banking (M-Banking Terhadap Kepuasan Nasabah di Indonesia [Effect of Mobile Banking (M-Banking Service Quality on Customer Satisfaction in Indonesia

    Directory of Open Access Journals (Sweden)

    Aditya Wardhana

    2015-09-01

    Full Text Available The research aim was to assess the influence of the service quality of mobile banking (m-banking against customer satisfaction at the greatest banks in Indonesia. Elements of the quality of mobile banking services (m-banking were speed, security, accuracy, and trust. The population of this study was bank customers from eight of the greatest bank in Indonesia -- Bank Mandiri, Bank BRI, Bank BCA, Bank BNI, Bank CIMB Niaga, Bank Danamon, Bank Permata, and Bank Panin -- who used mobile banking which totaled 19.9 million customers with the size of the sample being 400 respondents. The sampling method used nonprobability sampling by incidental sampling. The results by using a structural equation modeling (SEM found significant influences between service quality of mobile banking (m-banking partially and simultaneously to customer satisfaction.

  10. Perceived Risk towards Mobile Banking: A case study of Malaysia Young Adulthood

    Science.gov (United States)

    Shuhidan, Shuhaida Mohamed; Rahah Hamidi, Saidatul; Syazwani Saleh, Intan

    2017-08-01

    The advancement of technology and the raise of smart devices ownership in Malaysia has eventually increase the exploration of mobile banking services. Mobile banking has been first commercialized in Malaysia on 2005 and expected to growth. Despite the exponential growth, the mobile banking penetration rate is slow compared to online banking. This study aims to highlight the issues and challenges of mobile banking and to have insight on young adulthood perceived risk towards mobile banking, specifically in Malaysia. In order to support the exploratory study, these risks are surveyed in quantitative study conducted among young adulthood in Malaysia. The self-administered questionnaire distributed through email with 384 respondents indicated that the most impacted facets perceiveed risks are performance risk, following by security risk. The results of this study can be used by the practitioner to address the customer challenges, customer interest and concern for mobile banking service improvement.

  11. Capital Regulation and Bank Risk-Taking Behavior: Evidence from Pakistan

    Directory of Open Access Journals (Sweden)

    Badar Nadeem Ashraf

    2016-08-01

    Full Text Available In response to the global financial crisis of 2007–2009, risk-based capital requirements have been reinforced in the new Basel III Accord to counter excessive bank risk-taking behavior. However, prior theoretical as well as empirical literature that studies the impact of risk-based capital requirements on bank risk-taking behavior is inconclusive. The primary purpose of this paper is to examine the impact of risk-based capital requirements on bank risk-taking behavior, using a panel dataset of 21 listed commercial banks of Pakistan over the period 2005–2012. Purely regulatory measures of bank capital, capital adequacy ratio, and bank assets portfolio risk, risk-weighted assets to total assets ratio, are used for the main analysis. Recently developed small N panel methods (bias corrected least squares dummy variable (LSDVC method and system GMM method with instruments collapse option are used to control for panel fixed effects, dynamic dependent variables, and endogenous independent variables. Overall, the results suggest that commercial banks have reduced assets portfolio risk in response to stringent risk-based capital requirements. Results also confirm that all banks having risk-based capital ratios either lower or higher than the regulatory required limits, have decreased portfolio risk in response to stringent risk-based capital requirements. The results are robust to alternative proxies of bank risk-taking, alternative estimation methods, and alternative samples.

  12. Politics, Time and Space in the Era of Shadow Banking

    DEFF Research Database (Denmark)

    Bryan, Dick; Rafferty, Michael; Wigan, Duncan

    2016-01-01

    In the wake of the Global Financial Crisis, there has been an understandable focus on the financial fragility and contagion aspects of shadow banking. This article argues that shadow banking is important for another set of reasons. It has been well established that shadow banking permits...... the transformation of assets and financial claims. It has also been established that fiscal and regulatory arbitrage occurs through shadow banking, and associated offshore financial activities. The article develops the argument that together these are transforming the times and spaces of modern finance, and directly...... challenging earlier spatio-temporal concepts of finance, and the regulatory/jurisdictional order built on them. The article suggests that the longer term significance of shadow banking may not just be its role in financial crisis, or even tax and regulatory arbitrage, but that it was here that innovative...

  13. CAUSES AND COUNTERMEASURES FOR CHAOHU LAKESHORE COLLAPSE

    Institute of Scientific and Technical Information of China (English)

    GAO Chao; WANG Xin-yuan; YANG Ze-dong; LU Ying-cheng; HE Hui

    2005-01-01

    By interpreting the remote sensing data of aerial photos and satellite images in different time, combining with field investigation, landform and water level observation, collecting data of weather, hydrology in Chaohu Lake, Anhui Province from 1957 to 2003, the reasons for collapse of Chaohu lakeshore were analyzed. The results are as follows: 1) The collapse of the Chaohu lakeshore is controlled macroscopically by two sets of north-east and the north-west faults, and the degree of collapse is determined microcosmically by lithology. 2) The constant change of water level, resulting from precipitation, wind speed and its direction, is one of the main reasons for intermittence collapse. 3) The soil and water loss or mud and sand filling up, resulting from artificial factors, such as inconsequence control of Chaohu sluice or irrational agricultural and industrial activities, etc., can uplift the lake's bed and drive water level up. The high water level also results in the collapse. Judging from the above mentioned reasons for the collapse, we have proposed some countermeasures: 1) Putting the lakeshore slope protection project such as stone and cement mortar into practice, and upstream slope should be 1:2.5 or 1:3, some parts of them should be 1:4, if they were not stable. The back slope, which is from Gui Mountain to Zhongmiao Temple, should be 1:1.5-1:3.2) Constructing a greenbelt for the lakeshore, planting some vegetation such as osier, bulrush and poplar, to resist waves between the high and the low water level. 3) Controlling Chaohu Lake water level scientifically. Corrosion of lakeshore that contains gravel clay and ferruginous-manganese concretionary structures, can decrease at low water level. 4) Renovating Chaohu Lake drainage area, strengthening the administration and supervision, breaking regionalism and establishing special administration organization.

  14. Newtonian Collapse of Scalar Field Dark Matter

    CERN Document Server

    Guzman, F S

    2003-01-01

    In this letter, we develop a Newtonian approach to the collapse of galaxy fluctuations of scalar field dark matter under initial conditions inferred from simple assumptions. The full relativistic system, the so called Einstein-Klein-Gordon, is reduced to the Schr\\"odinger-Newton one in the weak field limit. The scaling symmetries of the SN equations are exploited to track the non-linear collapse of single scalar matter fluctuations. The results can be applied to both real and complex scalar fields.

  15. Black Hole Formation in Fuzzy Sphere Collapse

    CERN Document Server

    Iizuka, Norihiro; Roy, Shubho; Sarkar, Debajyoti

    2013-01-01

    We study the collapse of a fuzzy sphere, that is a spherical membrane built out of D0-branes, in the BFSS model. At weak coupling, as the sphere shrinks, open strings are produced. If the initial radius is large then open string production is not important and the sphere behaves classically. At intermediate initial radius the back-reaction from open string production is important but the fuzzy sphere retains its identity. At small initial radius the sphere collapses to form a black hole. The crossover between the later two regimes is smooth and occurs at the correspondence point of Horowitz and Polchinski.

  16. Gravitational blueshift from a collapsing object

    Directory of Open Access Journals (Sweden)

    Lingyao Kong

    2015-02-01

    Full Text Available We discuss a counterintuitive phenomenon of classical general relativity, in which a significant fraction of the radiation emitted by a collapsing object and detected by a distant observer may be blueshifted rather than redshifted. The key-point is that when the radiation propagates inside the collapsing body, it is blueshifted, and this time interval may be sufficiently long for the effect to be larger than the later redshift due to the propagation in the vacuum exterior, from the surface of the body to the distant observer. Unfortunately, the phenomenon can unlikely have direct observational implications, but it is interesting by itself as a pure relativistic effect.

  17. Gravitational blueshift from a collapsing object

    Energy Technology Data Exchange (ETDEWEB)

    Kong, Lingyao; Malafarina, Daniele; Bambi, Cosimo, E-mail: bambi@fudan.edu.cn

    2015-02-04

    We discuss a counterintuitive phenomenon of classical general relativity, in which a significant fraction of the radiation emitted by a collapsing object and detected by a distant observer may be blueshifted rather than redshifted. The key-point is that when the radiation propagates inside the collapsing body, it is blueshifted, and this time interval may be sufficiently long for the effect to be larger than the later redshift due to the propagation in the vacuum exterior, from the surface of the body to the distant observer. Unfortunately, the phenomenon can unlikely have direct observational implications, but it is interesting by itself as a pure relativistic effect.

  18. Stability of Reflection Symmetric Collapsing Structures

    CERN Document Server

    Sharif, M

    2015-01-01

    In this paper, we explore instability regions of non-static axial reflection symmetric spacetime with anisotropic source in the interior. We impose linear perturbation on the Einstein field equations and dynamical equations to establish the collapse equation. The effects of different physical factors like energy density and anisotropic stresses on the instability regions are studied under Newtonian and post-Newtonian limits. We conclude that stiffness parameter has a significant role in this analysis while the reflection terms increase instability ranges of non-static axial collapse.

  19. Sonographic Analysis of the Collapsed Gall Bladder

    Energy Technology Data Exchange (ETDEWEB)

    Han, Sang Suk; Choi, Jae Young; Choi, Seok Jin; Eun, Chung Ki [Pusan Paik Hospital, College of Medicine Inje University, Busan (Korea, Republic of); Nam, Kyung Jin; Lee, Jeong Mi [Donga University Collge of Medicine, Busan (Korea, Republic of)

    1996-06-15

    This study was done to find answers for further following questions in cases of the collapsed gallbladder (GB) : What is the probability of the presence of stone when stony echo is visible in GB area? What is the probability of the presence of stone when only acoustic shadow is visible from GB area? What are the associated GB pathologies except stone or cholecystitis in previously mentioned situations and is it possible to differentiate them? What are the underlying pathologies of GB collapse without stony echo or acoustic shadow and is it possible to differentiate them sonographic ally? What are the rate and causes of re-expansion of the collapsed GB on follow-up study? Prospective study was done in 157 cases of collapsed GB with no visible or nearly no visible bile filled lumen in recent 3 years. Sonographic analysis for GB lesions was done in 61 confirmed cases. Changing pattern of GB lumen on follow-up study and their underlying pathologies were analyzed in 28 cases. Initial sonographic examination was done with 3 or 3.5 MHz transducer. No other transducer was used in cases showing stony echo or acoustic shadow in GB area, but additional examination was done with 5 or 7-4 MHz transducer in cases without stony echo or acoustic shadow. Among 31 cases, which showed stony echo, stone was found in 30 cases and milk of calcium bile in one case. Stone was present in all of the 11 cases which showed only acoustic shadow from the collapsed GB without stony echo. GB cancer was accompanied in 2 cases among upper 42 cases, and its possibility could be suspected sonographic ally. Underlying pathologies of the 19cases without stony echo or acoustic shadow were as follows : GB stone (3), cholecystitis (6), GB cancer (1), bile plug syndrome (1), hepatitis (5), and ascites (3). And sonographic differentiation of the underlying causes for the collapse was possible in only 1 case of GB cancer. Among 28 cases of the follow-up study, 20 cases showed re-expansion of the GB lumen and

  20. Role of evaporation in gravitational collapse

    CERN Document Server

    Baccetti, Valentina; Terno, Daniel R

    2016-01-01

    We study collapse of evaporating thin dust shells using two families of metrics to describe the {exterior geometry: the outgoing Vaidya metric and the retarded Schwarzschild metric. Both allow incorporation of Page's evaporation law (the latter in terms of the time at infinity), resulting in a modified equation} of motion for the shell. In these scenarios we find in each case that the collapse is accelerated due to evaporation, but the Schwarzschild radius is not crossed. Instead the shell is always at a certain sub-Planckian distance from this would-be horizon that depends only on the mass and evaporation rate.

  1. Glacier surge after ice shelf collapse.

    Science.gov (United States)

    De Angelis, Hernán; Skvarca, Pedro

    2003-03-07

    The possibility that the West Antarctic Ice Sheet will collapse as a consequence of ice shelf disintegration has been debated for many years. This matter is of concern because such an event would imply a sudden increase in sea level. Evidence is presented here showing drastic dynamic perturbations on former tributary glaciers that fed sections of the Larsen Ice Shelf on the Antarctic Peninsula before its collapse in 1995. Satellite images and airborne surveys allowed unambiguous identification of active surging phases of Boydell, Sjögren, Edgeworth, Bombardier, and Drygalski glaciers. This discovery calls for a reconsideration of former hypotheses about the stabilizing role of ice shelves.

  2. Atomic Collapse in Graphene: Lost of Unitarity

    CERN Document Server

    Valenzuela, David; Loewe, Marcelo; Raya, Alfredo

    2016-01-01

    We explore the problem of atomic collapse in graphene by monopole impurities, both electric and magnetic, within the context of supersymmetric quantum mechanics. For electric impurities, upon factorizing the radial Dirac Hamiltonian and identifying the supercharges, existence of a critical charge that makes the ground state {\\em fall-into-the-center} translates into lost of unitarity for the corresponding Hamiltonian. For the problem of magnetic monopole impurities, preservation of unitarity for all values of the parameters of the corresponding potential translates into the absence of atomic collapse in this case.

  3. Case Study of Online Banking in India: User Behaviors and Design Guidelines

    Science.gov (United States)

    Iyengar, Jhumkee; Belvalkar, Manisha

    This paper documents online banking trends, behaviors and expectations of Indian consumers and banks. It is based on excerpts of a large industry case study of users from 4 leading banks. While banks view online banking essentially as a technology solution, it is a relatively new area for Indian consumers and not yet self-supporting. Being a savings based culture still, Indian consumers are cautious about their financial assets. They are also relatively recent entrants to internet based services. Design of these systems must therefore be based on an understanding of these users' outlook and priorities through task centric, security assured and service oriented solutions minus the technological challenges. Design lessons suggest viewing online banking not just as a convenience alone anymore but beyond it, to provide service, simplicity and security. This will create satisfied online banking customers and therefore profitability for the bank.

  4. Alternative banking: theory and evidence from Europe

    Directory of Open Access Journals (Sweden)

    Kurt Von Mettenheim

    2012-12-01

    Full Text Available Since financial liberalization in the 1980s, non-profit maximizing, stakeholder-oriented banks have outperformed private banks in Europe. This article draws on empirical research, banking theory and theories of the firm to explain this apparent anomaly for neo-liberal policy and contemporary market-based banking theory. The realization of competitive advantages by alternative banks (savings banks, cooperative banks and development banks has significant implications for conceptions of bank change, regulation and political economy.

  5. Impact of Electronic Banking Innovations on Bank Deposit Market Share

    Directory of Open Access Journals (Sweden)

    Kashmari A

    2016-04-01

    Full Text Available Development and diversity of electronic banking services is one of the aspects of financial innovation of banks. In Iran’s banking system, the development of multiple channels representing electronic banking services such as SWIFT system, ATM, POS, PIN pads, internet banking, mobile banking and telephone banking are made for more facility in paying money, so today, the development of this channels is one of the most competitive areas between banks for attracting resources. The main purpose of this study is to evaluate this innovation, which needs a heavy cost in terms of money and time, on the share of each bank in attracting deposit as one of the most important goals and competitive tools of a bank. By using Panel Data Vector Autoregressive methods (Panel-VAR and Granger causality test, data of 23 Iranian banks in the 7 years (2007-2013 has been studied. The results show that based on the Granger Causality Test, the number of ATM machines, POS, PIN pad, SWIFT system and amount of banking facilities provided by each bank, has causal relation in explaining the increase of the bank’s share in attracting deposits; but the Market Share was recognized as the cause of the innovation. Also, the causality direction of deposits’ share and the amount of facilities were noticed to be bilateral.

  6. USE OF MOBILE TECHNOLOGY IN BANKING SERVICES

    OpenAIRE

    ALIN ISAC

    2013-01-01

    Technology and applications of mobile phones offer many opportunities for businesses, they also presenting a continuous development and new challenges. Although this service is currently viewed with reluctance by customers, banks need to overcome this drawback and understand how this service can be combined with other alternative channels such as social media, to create value for customers. In this paper I presented information about present and perspectives in mobile applications industry, w...

  7. Bank Customers Management System

    Directory of Open Access Journals (Sweden)

    Ebubeogu Amarachukwu Felix

    2015-08-01

    Full Text Available ABSTRACT The purpose of this project is in partial fulfilment of the requirements of Bachelor of Science Hon in Information Technology. The Design and development of this Bank customers Management system provides a more secured approach in managing bank customers information which strengthens the relationships between banks and their customers by providing the right solutions that uses a multi-level security to improve customer satisfaction. The technology used in developing this project is ASP.NET and the programming language used to develop this project is C and the IDE used is Microsoft Visual Studio 2013 professional in designing the front end while the back end uses Microsoft SQL Server 2012.

  8. Human Milk Banking.

    Science.gov (United States)

    Haiden, Nadja; Ziegler, Ekhard E

    2016-01-01

    Human milk banks play an essential role by providing human milk to infants who would otherwise not be able to receive human milk. The largest group of recipients are premature infants who derive very substantial benefits from it. Human milk protects premature infants from necrotizing enterocolitis and from sepsis, two devastating medical conditions. Milk banks collect, screen, store, process, and distribute human milk. Donating women usually nurse their own infants and have a milk supply that exceeds their own infants' needs. Donor women are carefully selected and are screened for HIV-1, HIV-2, human T-cell leukemia virus 1 and 2, hepatitis B, hepatitis C, and syphilis. In the milk bank, handling, storing, processing, pooling, and bacterial screening follow standardized algorithms. Heat treatment of human milk diminishes anti-infective properties, cellular components, growth factors, and nutrients. However, the beneficial effects of donor milk remain significant and donor milk is still highly preferable in comparison to formula.

  9. Can taxes tame the banks?

    DEFF Research Database (Denmark)

    Devereux, Michael P.; Johannesen, Niels; Vella, John

    In the wake of the financial crisis, a number of countries have introduced levies on bank borrowing with the aim of reducing risk in the financial sector. This paper studies the behavioral responses to the bank levies and evaluates the policy. We find that the levies induced banks to borrow less...... but also to hold more risky assets. The reduction in funding risk clearly dominates for banks with high capital ratios but is exactly offset by the increase in portfolio risk for banks with low capital ratios. This suggests that while the levies have reduced the total risk of relatively safe banks...

  10. Bank Insolvency Procedures and Market Discipline in European Banking

    DEFF Research Database (Denmark)

    Angkinand, Apanard; Wihlborg, Clas

    2005-01-01

    Predetermined, operational procedures for dealing with banks in distress are conspicuously absent across the world with very few exceptions. Instead governments and regulatory authorities intervene when banks approach failure. Bail-outs of important creditors, sometimes including shareholders...

  11. Issues in Transformation from Conventional Banking to Islamic Banking

    National Research Council Canada - National Science Library

    Muhammad Usman Arshad; Mohammed Effandi Yusoff; Muhammad Sohail Tahir

    2016-01-01

    .... Islamic banking is the major constituent of the Islamic finance. In line with these transformations, Islamic banks and financial institutions are facing several problems due to non-existence of comprehensive framework...

  12. Central Bank independence

    Directory of Open Access Journals (Sweden)

    Vasile DEDU

    2012-08-01

    Full Text Available In this paper we present the key aspects regarding central bank’s independence. Most economists consider that the factor which positively influences the efficiency of monetary policy measures is the high independence of the central bank. We determined that the National Bank of Romania (NBR has a high degree of independence. NBR has both goal and instrument independence. We also consider that the hike of NBR’s independence played an important role in the significant disinflation process, as headline inflation dropped inside the targeted band of 3% ± 1 percentage point recently.

  13. Nonprofit Human Milk Banking in the United States.

    Science.gov (United States)

    Updegrove, Kimberly

    2013-01-01

    Human milk, widely understood to be beneficial for infants, can be lifesaving for preterm neonates, especially in reducing the risk of necrotizing enterocolitis. Donor human milk (DHM) is an option when mothers are unable to provide milk or have an inadequate supply for their infants. Nonprofit donor human milk banks are established to provide safe, processed human milk from milk donated by healthy lactating mothers who have undergone a rigorous screening process. These milk banks, operating under the auspices of the Human Milk Banking Association of North America, obtain, process, and dispense human milk under strict guidelines set by the association. Increasing the supply of donor human milk to meet a dramatic increase in demand poses a significant challenge for nonprofit milk banks. Efforts to increase supply nationwide include education of providers, use of social media to engage potential donors, and outreach to news media. In parallel, milk banks are establishing regional depots to collect donations, and additional milk banks are being developed. This article describes the current nonprofit milk bank industry in the United States, its challenges, and its future prospects. © 2013 by the American College of Nurse‐Midwives.

  14. From Subsidiary to Branch Organization of International Banks

    DEFF Research Database (Denmark)

    Goldberg, Lawrence; Sweeney, Richard J.; Wihlborg, Clas

    2005-01-01

    for supervision, regulation as well as deposit insurance. Supervisors in all involved countries are challenged by this prospect and they are negotiating to obtain an acceptable division of responsibilities. We argue that the Nordea case offers an opportunity to implement the EU's vision and to develop...... institutional foundations for substantial market discipline in banking. In particular, distress resolution and insolvency procedures for banks must be made rule based and credible for host country authorities to accept home country control....

  15. Anatomy of Cashless Banking in Nigeria: What Matters?

    OpenAIRE

    Atanda, Akinwande A.; Alimi, Olorunfemi Y.

    2012-01-01

    This study discussed in details the structure, importance, challenges and consequences of the newly adopted cashless policy programme in the Nigerian banking sector. The cashless policy is mainly instituted to enhance the effectiveness of flow of financial resources among economic agents in the economy at least cost possible as well as ensuring prompt cash transfers within the system. The Central of Bank of Nigeria (CBN) cashless initiative is geared towards eliminating the continuous use of ...

  16. 12 CFR 211.22 - Interstate banking operations of foreign banking organizations.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Interstate banking operations of foreign banking organizations. 211.22 Section 211.22 Banks and Banking FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM INTERNATIONAL BANKING OPERATIONS (REGULATION K) Foreign Banking...

  17. 12 CFR 209.2 - Banks desiring to become member banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Banks desiring to become member banks. 209.2 Section 209.2 Banks and Banking FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ISSUE AND CANCELLATION OF FEDERAL RESERVE BANK CAPITAL STOCK (REGULATION I) § 209.2 Banks desiring...

  18. PENGARUH DIMENSI BANKING SERVICE QUALITY (BSQ) TERHADAP KEPUASAN NASABAH BANK

    OpenAIRE

    Sri Sumardiningsih; Wawan Sundawan; Lies Endarwati; Arif Wibowo; Yulia Ayriza

    2012-01-01

    Abstract: Effect of Banking Service Quality (BSQ) Dimensions towards Bank Customer Satisfaction. This study aims to determine the effect of Banking Service Quality (BSQ) to the customer satisfaction of BPD Bank in DIY. This research is a survey research with a sample of 1.536 respondents. The sample was taken by purposive sampling technique. Data collection instrument was questionnaires and analyzed using multiple regression. The results showed that six dimensions of BSQ simultaneously gave p...

  19. The influence of bank employees on bank customer relationship management

    Directory of Open Access Journals (Sweden)

    C. Rootman

    2007-12-01

    Full Text Available Purpose: Despite extensive research in services marketing, much is still unknown to specific service providers on the influence of their employees on their services. This paper attempts to address this limitation and investigates the influence of employees on the customer relationship management (CRM of banks. The primary objective of this paper is to investigate the influence of selected independent variables, namely attitude and knowledgeability, on the CRM of banks.Design/Methodology/Approach: An empirical investigation was conducted with a structured questionnaire with items that related to banks' CRM in terms of attitude and knowledgeability. The sample consisted of 290 banking clients in the Nelson Mandela Metropolitan area and the response rate was 91.03%. Findings: Significant positive relationships exist between both the knowledgeability, and attitude of bank employees and a bank's CRM. These relationships imply that more extensive knowledgeability and more positive attitudes of bank employees lead to improved, maintained relationships between a bank and its clients. Employees play an important role in banks’ client relationships. Implications: Banks should focus on increasing their employees' knowledgeability and improving their attitude to ensure higher levels of CRM. This paper provides strategies for banks and could create greater awareness among South African banks of the advantages of CRM, how their employees influence their CRM, and ways to adapt to these influences. Originality/Value: No study has focused exclusively on CRM within banks in South Africa. Prior research focused on customer service and service quality; both possible results of superior CRM. However, this research differs, as it identifies the variables influencing CRM in banks in South Africa. It is proposed that this paper will be beneficial for South African banks, as the recommendations may be used to ensure higher levels of CRM in banks.

  20. Clinical grade adult stem cell banking.

    Science.gov (United States)

    Thirumala, Sreedhar; Goebel, W Scott; Woods, Erik J

    2009-07-01

    There has been a great deal of scientific interest recently generated by the potential therapeutic applications of adult stem cells in human care but there are several challenges regarding quality and safety in clinical applications and a number of these challenges relate to the processing and banking of these cells ex-vivo. As the number of clinical trials and the variety of adult cells used in regenerative therapy increases, safety remains a primary concern. This has inspired many nations to formulate guidelines and standards for the quality of stem cell collection, processing, testing, banking, packaging and distribution. Clinically applicable cryopreservation and banking of adult stem cells offers unique opportunities to advance the potential uses and widespread implementation of these cells in clinical applications. Most current cryopreservation protocols include animal serum proteins and potentially toxic cryoprotectant additives (CPAs) that prevent direct use of these cells in human therapeutic applications. Long term cryopreservation of adult stem cells under good manufacturing conditions using animal product free solutions is critical to the widespread clinical implementation of ex-vivo adult stem cell therapies. Furthermore, to avoid any potential cryoprotectant related complications, reduced CPA concentrations and efficient post-thaw washing to remove CPA are also desirable. The present review focuses on the current strategies and important aspects of adult stem cell banking for clinical applications. These include current good manufacturing practices (cGMPs), animal protein free freezing solutions, cryoprotectants, freezing & thawing protocols, viability assays, packaging and distribution. The importance and benefits of banking clinical grade adult stem cells are also discussed.

  1. Galactic Collapse of Scalar Field Dark Matter

    CERN Document Server

    Alcubierre, M; Matos, T; Núñez, D; Urena-Lopez, L A; Wiederhold, P; Alcubierre, Miguel; Matos, Tonatiuh; Nunez, Dario; Wiederhold, Petra

    2002-01-01

    We present a scenario for galaxy formation based on the hypothesis of scalar field dark matter. We interpret galaxy formation through the collapse of a scalar field fluctuation. We find that a cosh potential for the self-interaction of the scalar field provides a reasonable scenario for galactic formation, which is in agreement with cosmological observations and phenomenological studies in galaxies.

  2. Galactic Collapse of Scalar Field Dark Matter

    OpenAIRE

    2001-01-01

    We present a scenario for galaxy formation based on the hypothesis of scalar field dark matter. We interpret galaxy formation through the collapse of a scalar field fluctuation. We find that a cosh potential for the self-interaction of the scalar field provides a reasonable scenario for galactic formation, which is in agreement with cosmological observations and phenomenological studies in galaxies.

  3. Collapsible structure for an antenna reflector

    Science.gov (United States)

    Trubert, M. R. (Inventor)

    1973-01-01

    A collapsible support for an antenna reflector for use in supporting spacecraft antennas is described. The support has a regid base and a number of struts which are pivoted at the base. The deployment of the struts and their final configuration for supporting the antenna are illustrated.

  4. Higher Dimensional Radiation Collapse and Cosmic Censorship

    CERN Document Server

    Ghosh, S G

    2000-01-01

    We study the occurrence of naked singularities in the spherically symmetric collapse of radiation shells in a higher dimensional spacetime. The necessary conditions for the formation of a naked singularity or a black hole are obtained. The naked singularities are found to be strong in the Tipler's sense and thus violating cosmic censorship conjecture.

  5. Tetanus with multiple wedge vertebral collapses

    African Journals Online (AJOL)

    owner

    2012-07-06

    Jul 6, 2012 ... plication of paediatric tetanus and the associated ... of back pains-11 days, inability to open her mouth- 9 days, ... multiple vertebral collapses and the management chal- ... symptoms made the parents take her to a prayer house where the .... overlying the affected vertebrae, low-grade fever, chills,. Multiple.

  6. Collapse of a Bose gas: Kinetic approach

    Indian Academy of Sciences (India)

    Shyamal Biswas

    2012-08-01

    We have analytically explored the temperature dependence of critical number of particales for the collapse of a harmonically trapped attractively interacting Bose gas below the condensation point by introducing a kinetic approach within the Hartee-Fock approximation. The temperature dependence obtained by this easy approach is consistant with that obtained from the scaling theory.

  7. Nonlinear Progressive Collapse Analysis Including Distributed Plasticity

    Directory of Open Access Journals (Sweden)

    Mohamed Osama Ahmed

    2016-01-01

    Full Text Available This paper demonstrates the effect of incorporating distributed plasticity in nonlinear analytical models used to assess the potential for progressive collapse of steel framed regular building structures. Emphasis on this paper is on the deformation response under the notionally removed column, in a typical Alternate Path (AP method. The AP method employed in this paper is based on the provisions of the Unified Facilities Criteria – Design of Buildings to Resist Progressive Collapse, developed and updated by the U.S. Department of Defense [1]. The AP method is often used for to assess the potential for progressive collapse of building structures that fall under Occupancy Category III or IV. A case study steel building is used to examine the effect of incorporating distributed plasticity, where moment frames were used on perimeter as well as the interior of the three dimensional structural system. It is concluded that the use of moment resisting frames within the structural system will enhance resistance to progressive collapse through ductile deformation response and that it is conserative to ignore the effects of distributed plasticity in determining peak displacement response under the notionally removed column.

  8. Collapse of modern carbonate platform margins

    Energy Technology Data Exchange (ETDEWEB)

    Mullins, H.T.; Hine, A.C.; Gardulski, A.

    1985-01-01

    Modern carbonate platform margins in the Florida-Bahama region have been viewed as depositional or constructional features. However, recent studies have shown that carbonate escarpments, such as the Blake-Bahama and West Florida Escarpments, are erosional in origin where the platform margins have a scalloped or horse-shoe shape. Seismic reflection data from one of these crescentic features along the west Florida platform margin indicate that it originated by large scale gravity collapse (slump). This collapse structure extends for at least 120 km along the margin and has removed about 350 m of strata as young as early Neogene. Although at least three generations of slope failure are recognized, catastrophic collapse appears to have occurred in the mid-Miocene. Gravitational instability due to high rates of sediment accumulation may have been the triggering mechanism. These data suggest that submarine slumping is an important process in the retreat of limestone escarpments and in the generation of carbonate megabreccia debris flows. Scalloped platform margins occur on satellite images of northern Exuma Sound and Columbus Basin in the Bahamas. The authors suggest that large-scale submarine slumping can cause elongation of structurally controlled intraplatform basins (Exuma South), and produce anomalous horse-shoe shaped basins (Columbus Basin) by mega-collapse processes.

  9. The heterogeneity of world trade collapses

    NARCIS (Netherlands)

    P.A.G. van Bergeijk (Peter)

    2015-01-01

    textabstractThis paper analyses drivers of imports during the major world trade collapses of the Great Depression (1930s; 34 countries) and the Great Recession (1930s; 173 countries). The analysis deals with the first year of these episodes and develops a small empirical model that shows a significa

  10. Colony Collapse Disorder: A descriptive studey

    Science.gov (United States)

    Over the last two winters, there have been large-scale, unexplained losses of managed honey bee (Apis mellifera L.) colonies in the United States. In the absence of a known cause, this syndrome was named Colony Collapse Disorder (CCD) because the main trait was a rapid loss of adult worker bees. We ...

  11. Drops: The collapse of capillary jets

    Science.gov (United States)

    Cordoba, Antonio; Cordoba, Diego; Fefferman, Charles; Fontelos, Marco A.

    2002-01-01

    The appearance of fluid filaments during the evolution of a viscous fluid jet is a commonly observed phenomenon. It is shown here that the break-up of such a jet subject to capillary forces is impossible through the collapse of a uniform filament. PMID:12172005

  12. Collapsing spherical null shells in general relativity

    Directory of Open Access Journals (Sweden)

    S Khakshournia

    2011-03-01

    Full Text Available In this work, the gravitational collapse of a spherically symmetric null shell with the flat interior and a charged Vaidya exterior spacetimes is studied. There is no gravitational impulsive wave present on the null hypersurface which is shear-free and contracting. It follows that there is a critical radius at which the shell bounces and starts expanding.

  13. 75 FR 20848 - Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies

    Science.gov (United States)

    2010-04-21

    ... voting shares of Bank of Anderson, National Association, Anderson, South Carolina, Seneca National Bank, Seneca, South Carolina, and The Peoples National Bank, Easley, South Carolina. B. Federal Reserve Bank...

  14. Evolution of central banking? De Nederlandsche Bank 1814-1852

    NARCIS (Netherlands)

    Uittenbogaard, R.A.|info:eu-repo/dai/nl/237904470

    2014-01-01

    Nowadays the role of central bank is unquestioned and nearly ubiquitous. But was this always the case? This thesis analyses how De Nederlandsche Bank (DNB) developed into a central bank during the first four decades of its existence. Its establishment in 1814 was the result of a combination of both

  15. Colloquium: Perspectives on core-collapse supernova theory

    Science.gov (United States)

    Burrows, Adam

    2013-01-01

    Core-collapse theory brings together many facets of high-energy and nuclear astrophysics and the numerical arts to present theorists with one of the most important, yet frustrating, astronomical questions: “What is the mechanism of core-collapse supernova explosions?” A review of all the physics and the 50-year history involved would soon bury the reader in minutiae that could easily obscure the essential elements of the phenomenon, as we understand it today. Moreover, much remains to be discovered and explained, and a complicated review of an unresolved subject in flux could grow stale fast. Therefore, this paper describes various important facts and perspectives that may have escaped the attention of those interested in this puzzle. Furthermore, an attempt to describe the modern theory’s physical underpinnings and a brief summary of the current state of play are given. In the process, a few myths that have crept into modern discourse are identified. However, there is much more to do and humility in the face of this age-old challenge is clearly the most prudent stance as its eventual resolution is sought.

  16. An Integral Condition for Core-Collapse Supernova Explosions

    CERN Document Server

    Murphy, Jeremiah W

    2015-01-01

    We derive an integral condition for core-collapse supernova explosions and use it to construct a new diagnostic of explodability. The fundamental challenge in core-collapse supernova theory is to explain how a stalled accretion shock revives to explode a star. In this manuscript, we assume that shock revival is initiated by the delayed-neutrino mechanism and derive an integral condition for shock expansion, $v_s > 0$. Assuming that $v_s > 0$ corresponds to explosion, we recast this integral condition as a dimensionless condition for explosion, $\\Psi > 0$. Using 1D simulations, we confirm that $\\Psi = 0$ during the stalled phase and $\\Psi > 0$ during explosion. Having validated the integral condition, we use it to derive a useful explosion diagnostic. First, for a given set of parameters, we find the family of solutions to the steady-state equations, parameterized by shock radius $R_s$, yielding $\\Psi(R_s)$. For any particular solution, $\\Psi(R_s)$ may be negative, zero, or positive, and, since $\\Psi \\propto v...

  17. Experiences Acquired by a Building Collapse

    Directory of Open Access Journals (Sweden)

    Murat Durusu

    2012-04-01

    Full Text Available In this study, it has been purposed to share practice of event-scene administration, search and rescue and evacuation of injured and acquired experiences carried out throughout a building collapse. After an explosion at Diyarbakir Kurdoglu housings at 11 December 2006 about 08:20AM, five flats of an apartment that has five floors-ten flats were collapsed. Local military hospital ambulances, city ambulances, and fire-fighting vehicles arrived to event-place 10 minutes later. It has been found out that there were 13 people inside, 6 of which were children. Army rescue team arrived event-place about 01:30PM, then all non-professional persons has been sent away from region. Eight dead including five children, and five injured including one child have been taken out. Two people from close area have been also injured mildly due to the explosion. It has been found out that accident caused by boiler tank exploding. Sixth of total eight injured had only superficial wounds. Other two injured have been followed because of head trauma at first one and hepatic contusion and rib fracture at the other one. No complication observed after follow-up. Building collapses can create disaster potential according to the number of people inside and facilities of nearby region of the place accident taken place. The evaluation of the direction of building collapse during search and rescue operation would enhance possibility to reach more living in shorter time. Building collapses which can be considered as a miniature of big disaster potentials like earthquakes can be appraised as an important practical training and experience source on event-place administration, search and rescue operations and injured evacuation. We believe that share of the analysis and acquired experiences of this kind of studies would contribute interfering big disaster potentials. [TAF Prev Med Bull 2012; 11(2.000: 241-244

  18. QUALITY MANAGEMENT IN BANKING SYSTEM

    OpenAIRE

    2009-01-01

    Quality management banking perspective is extremely interesting, from the point of view of the activities specific, and of the permanent area competition improvement. Banks being aware of the quality problems also lead to the appearance and requirement of

  19. NRAO Green Bank Telescope (GBT)

    Data.gov (United States)

    Federal Laboratory Consortium — The largest fully steerable telescope in the world - the Robert C. Byrd Green Bank Telescope, began observations in Green Bank, West Virginia in 2000and is a wonder...

  20. Bank service management in Ghana

    DEFF Research Database (Denmark)

    Kuada, John; Narteh, Bedman

    2011-01-01

    This article reports a study of the determinants of effective management of of retail banking services in Ghana......This article reports a study of the determinants of effective management of of retail banking services in Ghana...

  1. A Banking System in Transition

    Institute of Scientific and Technical Information of China (English)

    WANG; ZHIPENG

    2002-01-01

    THE four large state-owned commercial banks - the Industrial and Commercial Bank of China, the Bank of China, the Construction Bank of China, and the Agricultural Bank of China, constitute the backbone of the Chinese banking system. Owing to low efficiency, lack of capital, and a high rate of bad debts over time, however, the system was weak and ineffective. In order to redress the situation, late last century the Chinese government launched reforms to streamline these four commercial banks and their operations. The banks subsequently set up asset management companies to buy back and resolve non-performing assets. Their operational structure was also upgraded and optimized so as to improve management efficiency and economic performance.

  2. Bank service management in Ghana

    DEFF Research Database (Denmark)

    Kuada, John; Narteh, Bedman

    2011-01-01

    This article reports a study of the determinants of effective management of of retail banking services in Ghana......This article reports a study of the determinants of effective management of of retail banking services in Ghana...

  3. Banking Scandals Force Governance Issue

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ The spate of recent scandals in the banking sector again raises the question of whether corporate governance in banks has been improved to a degree whereby ESOP is a correct and timely consideration.

  4. C hallenges of M arketing E - banking S ervices in a D eveloping C ountry : T he C ase of G hana

    Directory of Open Access Journals (Sweden)

    B edman N arteh

    2012-08-01

    Full Text Available Even though there is a plethora of studies investigating the challenges of adopting e - banking services, a search through the literature indicates that prior studies have investigated either user adoption challenges or the bank implementation challenges. This study integrate d both perspectives to p rovide a broader conceptual framework for investigating challenges banks face in marketing e - banking services in developing country such as Ghana. The results from the mixed method study indicated that institutional – based challenges as well as user - based challenges affect the marketing of e - banking products in Ghana. The strategic implications of the findings for marketing e - banking services are discussed to guide managers to implement e - banking services in Ghana.

  5. Banking On People

    Science.gov (United States)

    Manpower, 1970

    1970-01-01

    In July 1968, the First National City Bank in New York (Citibank) received a government contract to train the disadvantaged by providing orientation, counseling, job related education, supervisor training, child care, transportation, and some medical and dental care. The Job Opportunities in the Business Sector Program (JOBS) stipulated pay of $70…

  6. Trilogy of China's Banking

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ Banks of China will face declining profit rate and slightly increasing non-performing loans ratio in a short term during 2009, but government policies will reduce the negative impact of financial crisis, and China's financial environment is still relatively safe in a global comparison.

  7. Banking on Diversity

    Science.gov (United States)

    Roach, Ronald

    2010-01-01

    Few organizations have as racially and culturally diverse a work force as the organizations that make up the World Bank Group. Of its 13,000 employees, nearly 60 percent of whom are located in downtown Washington, D.C., and the rest scattered across 160 offices around the globe, nearly every nation in the world is represented in the World Bank…

  8. Replacing America's Job Bank

    Science.gov (United States)

    Vollman, Jim

    2009-01-01

    The Job Central National Labor Exchange (www.jobcentral.com) has become the effective replacement for America's Job Bank with state workforce agencies and, increasingly, with community colleges throughout the country. The American Association of Community Colleges (AACC) has formed a partnership with Job Central to promote its use throughout the…

  9. Kosovo Banking Paradox

    Directory of Open Access Journals (Sweden)

    Florin Aliu

    2016-12-01

    Full Text Available Kosovo does not have a bond market, which would enable companies, people and other economic agents to have access to it, that would have been a substitute for the companies to get other sources of funds beside banking sector. The Kosovo economy has only one source of institutional money injected into the economy and that is the banking industry. Bringing back the money of Kosovo Pension and Saving Trust (KPST to Kosovo would have been a huge injection for the economy to raise GDP and lower unemployment. Since the companies in Kosovo contain a lot of asymmetric information within their financial statements, clearing the way for KPST how to allocate their investments in Kosovo would be through alleviating asymmetric information. The paper stands on the general concepts of the asymmetric information and how to alleviate it within the financial market and particularly within the bond market. The other part of the paper concentrates on theoretical framework how to eliminate asymmetricbinformation for the companies who want to get funding from KPST. Therefore, it is necessary to have healthy banks and a better environment to have a sound bond market. On the other hand, the bond market may increase the health of banks by enhancing market competition.

  10. Banking on Diversity

    Science.gov (United States)

    Roach, Ronald

    2010-01-01

    Few organizations have as racially and culturally diverse a work force as the organizations that make up the World Bank Group. Of its 13,000 employees, nearly 60 percent of whom are located in downtown Washington, D.C., and the rest scattered across 160 offices around the globe, nearly every nation in the world is represented in the World Bank…

  11. Replacing America's Job Bank

    Science.gov (United States)

    Vollman, Jim

    2009-01-01

    The Job Central National Labor Exchange (www.jobcentral.com) has become the effective replacement for America's Job Bank with state workforce agencies and, increasingly, with community colleges throughout the country. The American Association of Community Colleges (AACC) has formed a partnership with Job Central to promote its use throughout the…

  12. Wetlands Mitigation Banking Concepts

    Science.gov (United States)

    1992-07-01

    the financial risk associated with are normally established in advance, mitigation permitted activities. banks eliminate the lag time between loss and...management natural state or to an enhanced condition and techniques. None of the traditional wetlands begin to amass bankable credits has also been management

  13. Four Women Bank Directors

    Institute of Scientific and Technical Information of China (English)

    1995-01-01

    FOUR of the five directors of state banks in Beihai City in Guangxi Zhuang Autonomous Region are women. These women show that women are no longer only able to manage family finance, but they are able to take charge of the important responsibility for state finance. The mayor of Beihai City calls them the city’s outstanding financial affairs managers.

  14. UBS BANK INFORMATION

    CERN Multimedia

    UBS, CERN branch

    2002-01-01

    UBS SA, formerly Société de Banque Suisse (Swiss Bank Corporation), which has been providing banking services on the CERN site since 1954, is delighted to continue its financial partnership with the CERN personnel. Recent trends in payment methods - a decline in the use of cash combined with an increase in the use of 'virtual money', credit or payment cards and e-banking - have led UBS SA to place greater emphasis on customer services compared with conventional, over-the-counter transactions. Since our customers' banking habits have also changed, we will be implementing the following changes at our CERN offices: Building 500: conversion work will shortly be commencing to provide a comfortable and well-appointed customer services area offering, in particular, greater privacy, as well as two counters. Throughout the work, every measure will be taken to minimise inconvenience to our customers. Building 504: owing to the improvements to be made to our Building 500 premises, we will hencef...

  15. The Educational Opportunity Bank.

    Science.gov (United States)

    Jellema, William W.

    The Educational Opportunity Bank (EOB) has received short shrift among educators and many objections have been raised to establishing it. Among these are the workability of the plan, the problem for women borrowers, and the creation of a new force--student financial power - in opposition to the influence of the Federal Government. Though…

  16. Chinese state-owned commercial banks issue of Human Resource Management Analysis and Countermeasures

    Institute of Scientific and Technical Information of China (English)

    Jing Hongquan

    2016-01-01

    In the information age, market competition in the financial sector increasingly incandescent, after carrying out the shares of state-owned commercial bank reform, human resource management determines the success of state-owned commercial banks, the rise and fall[1]. Thus, in the face of China's financial market is fully open to the great challenges of state-owned commercial banks must look for their own lack of human resource management, learn from the advanced experience at home and abroad, the establishment of state-owned commercial banks need to meet their own development, but also to actively cope with fierce competition modern human resources management system to meet the challenges.

  17. Do Central Banks Need Capital?

    OpenAIRE

    Peter Stella

    1997-01-01

    Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank’s ope...

  18. Innovative Secure Mobile Banking Services

    OpenAIRE

    Mousa T AL-Akhras; Rizik Al-Sayyed; Marwah Alian; Doaa Qwasmi

    2011-01-01

    Due to the widespread use of computer technologies in almost all aspects of life, organisations that are connected to the Internet started extending their services to their customers to include new applications and services that satisfy their customers’ desires to make better businesses. One of these emerging applications is mobile banking. The term mobile banking (or m-banking) describes the banking services that the user can perform via a mobile device ubiquitously at anytime and from anywh...

  19. ANALISIS PENYALURAN DANA BANK SYARIAH

    OpenAIRE

    Siswati -

    2013-01-01

    Penelitian ini bertujuan untuk mendeskripsikan karakteristik Dana Pihak Ketiga (DPK), Non Performing Financing (NPF), Sertifikat Wadiah Bank Indonesia (SWBI), dan penyaluran dana Bank Syariah Mega Indonesia. Serta untuk menganalisis pengaruh DPK, NPF, dan bonus SWBI secara simultan maupun parsial terhadap penyaluran dana yang diberikan oleh Bank Syariah Mega Indonesia. Sampel dalam penelitian ini adalah laporan keuangan bulanan Bank Syariah Mega Indonesia tahun 2005-2007. Hasil penelitan ini ...

  20. One Bank,Two Markets

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    The Agricultural Bank of China (ABC),the only non-listed bank among China’s"big four"state-owned commercial banks,is currently un- der the glare of the reform spotlight.This follows on the heals of Premier Wen Jiabao’s announcement during his government work report in March, that a shareholding system will be introduced in the bank and its role in serving agriculture,farmers and rural areas will remain unchanged.

  1. Scrum methodology in banking environment

    OpenAIRE

    Strihová, Barbora

    2015-01-01

    Bachelor thesis "Scrum methodology in banking environment" is focused on one of agile methodologies called Scrum and description of the methodology used in banking environment. Its main goal is to introduce the Scrum methodology and outline a real project placed in a bank focused on software development through a case study, address problems of the project, propose solutions of the addressed problems and identify anomalies of Scrum in software development constrained by the banking environmen...

  2. Chinese Commercial Banks Risk Management Practices: A Research in China Banking Risk Management

    OpenAIRE

    Wang, Xiaoling

    2006-01-01

    This dissertation uses a qualitative research approach, and examines the importance and its current situation of banks risk management in China banking. The commercial banking analysis covers China state-own commercial banks and joint-stock commercial banks as well as local city commercial banks, but mainly analysis stems from state-owned and joint-stock commercial banks, excluding foreign banks in China. In addition, this dissertation reveals that China Center Bank and China Bank Regulatory ...

  3. Banking on women's spirit.

    Science.gov (United States)

    Yunus, M

    1993-11-01

    An interview with Professor Mummadad Yunus, Managing Director of the Grameen Bank, revealed that he has provided loans to poor women in Bangladesh since 1976 and that the Grameen Bank has continued his work since 1983. The idea behind the banking system is that poor people without traditionally accepted collateral are good credit risks. In 1993, the Grameen Bank had operations in 33,000 out of a possible 68,000 villages in Bangladesh. The operations include 1030 branches and a staff of 12,000 people. 1.6 million people are recipients of loans, of whom 94% are women. The population served is the poorest and has no experience in income generation. Conclusions drawn from this experience are that women are better managers of resources and are more serious entrepreneurs than men and that the benefits of loan programs for the poor go directly to children and households. Women's self-image suffers from negative social conceptions, and one task is to convince women of their value, skills, and possibility of advancement. The bank philosophy rests with the belief that all human beings are a "treasure of potential possibilities." Women are advised to protect their money and marriage and not to sacrifice one for the other. Husbands initially are against money going to wives, but eventually they understand that the family benefits. Over 200,000 loans have been made for the provision of housing. The loan requirement is that the woman must own the land on which the house is built. Husband's have the opportunity to transfer title of the land to the wife. Ownership of land provides security for the wife.

  4. Readiness for banking technologies in developing countries

    African Journals Online (AJOL)

    banking, internet banking and automated teller machine (ATM) banking to ... businesses in developing countries are building unique ways to market products ... characteristics such as technology readiness, it is therefore important for banks in.

  5. Scapholunate advanced collapse (SLAC) and scaphoid nonunion advanced collapse (SNAC) wrist arthritis.

    Science.gov (United States)

    Shah, Chirag M; Stern, Peter J

    2013-03-01

    Scapholunate advanced collapse (SLAC) and scaphoid nonunion advanced collapse (SNAC) are the two most common patterns of posttraumatic wrist arthritis. This review discusses the etiology and clinical evaluation, as well as up-to-date treatment options, for both of these conditions. Classic as well as newer innovative techniques are discussed with clinical outcomes in order to provide an evidence-based review of the world's literature on SLAC/SNAC wrist.

  6. Scapholunate advanced collapse (SLAC) and scaphoid nonunion advanced collapse (SNAC) wrist arthritis

    OpenAIRE

    Shah, Chirag M.; Stern, Peter J.

    2013-01-01

    Scapholunate advanced collapse (SLAC) and scaphoid nonunion advanced collapse (SNAC) are the two most common patterns of posttraumatic wrist arthritis. This review discusses the etiology and clinical evaluation, as well as up-to-date treatment options, for both of these conditions. Classic as well as newer innovative techniques are discussed with clinical outcomes in order to provide an evidence-based review of the world’s literature on SLAC/SNAC wrist.

  7. 12 CFR 614.4070 - Loans and chartered territory-Farm Credit Banks, agricultural credit banks, Federal land bank...

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Loans and chartered territory-Farm Credit Banks... ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Chartered Territories § 614.4070 Loans and chartered territory—Farm Credit Banks, agricultural credit banks, Federal land bank associations,...

  8. 78 FR 20643 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

    Science.gov (United States)

    2013-04-05

    ... Central Bank and Trust, Lander, Wyoming; CenBank, Buffalo Lake, Minnesota; and VH Bancorporation, Inc... Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Sec. 225.41 of the...

  9. For Central Banks,A Chance to Get It Wrong

    Institute of Scientific and Technical Information of China (English)

    Simon Kennedy

    2011-01-01

    @@ Among central bankers, there is agreement on the recipe for restoring stable, steady global growth.Step 1: Emerging-market central banks raise rates enough to put a lid on inflation.That supposedly prevents price pressures from spreading to the U.S.and gives the American economy more time to recover.Then, after interest rates in emerging markets have been set, it's time for Step 2, with the U.S.Federal Reserve tightening rates.As with a delicate souffle, timing really matters.If it's off, the whole thing can collapse into an unappetizing mess.

  10. Bank risk, bailouts and ambiguity

    NARCIS (Netherlands)

    Nijskens, R.G.M.

    2012-01-01

    The theoretical analysis in the second part investigates the effect of liquidity assistance and bailouts on bank risk taking and liquidity choice. Furthermore, it explores the possibilities for central banks to create ambiguity about liquidity assistance, thereby influencing bank choices. The result

  11. Foreign Banks: Trends and Impact

    NARCIS (Netherlands)

    Claessens, S.; van Horen, N.

    2014-01-01

    Over the past two decades, foreign banks have become much more important in domestic financial intermediation, heightening the need to understand their behavior. We introduce a new, comprehensive database, made publicly available, on bank ownership (including the home country of foreign banks) for 5

  12. Can taxes tame the banks?

    DEFF Research Database (Denmark)

    Devereux, Michael P.; Johannesen, Niels; Vella, John

    In the wake of the financial crisis, a number of countries have introduced levies on bank borrowing with the aim of reducing risk in the financial sector. This paper studies the behavioral responses to the bank levies and evaluates the policy. We find that the levies induced banks to borrow less ...

  13. Determinants of bank profitability: Evidence from the Greek banking sector

    Directory of Open Access Journals (Sweden)

    Alexiou Constantinos

    2009-01-01

    Full Text Available This paper investigates the effects of bank-specific and macroeconomic determinants of bank profitability, using an empirical framework that incorporates the traditional Structure-Conduct- Performance (SCP hypothesis. A panel data approach has been adopted and effectively applied to six Greek banks. The evidence generated suggests that for any consistent or systematic size the profitability relationship is relatively weak. Most of the bank-specific determinants were found to significantly affect bank profitability. A more ambiguous picture emerged when the macroeconomic factors were considered.

  14. THE EPISTEMOLOGICAL PERSPECTIVE OF FRACTIONAL RESERVE BANKING AND FULL RESERVE BANKING: WHERE ISLAMIC BANKING SHOULD STAND?

    National Research Council Canada - National Science Library

    Yaser Taufik Syamlan

    2017-01-01

    Objectives – this research is aimed to compare those epistemological bases to the mindset of Islamic Bank and try to drive the philosophy in practical operation whether based on the Fractional Reserve Banking Sytem (RBS) or 100...

  15. Bank Insolvency Procedures and Market Discipline in European Banking

    DEFF Research Database (Denmark)

    Angkinand, Apanard; Wihlborg, Clas

    2005-01-01

    Predetermined, operational procedures for dealing with banks in distress are conspicuously absent across the world with very few exceptions. Instead governments and regulatory authorities intervene when banks approach failure. Bail-outs of important creditors, sometimes including shareholders......, and blanket guarantees for creditors become the norm. We argue that efficient incentives of banks' creditors, as well as of shareholders and managers, require predetermined rules for dealing with banks in distress, and a group of creditors that are credibly non-insured. Cross-border banking increases the need...... for pre-determined bank insolvency procedures that could enable banks to expand cross-border in branches. In the empirical part we show that credibility of non-insurance is maximized with a partial deposit insurance scheme, and that the coverage can be decreased if effective rule-based distress resolution...

  16. Factors Affecting Bank Switching Intentions in E-Banking

    Directory of Open Access Journals (Sweden)

    Leyla ÖZER

    2012-12-01

    Full Text Available The purpose of this research is to identify and examine the factors that contribute to bank switching intentions of e-banking customers and whether these intentions differ according to demographic characteristics (age, gender, education, marital status and income levels of customers. Regression results suggested that customer dissatisfaction, low service quality, high price, unfavorable bank reputation, limited product variety and involuntary switching factors were positively related to customers’ bank switching intentions in e-banking. On the other hand, promotion efforts were negatively related to customers’ switching intentions. In addition to this, bank switching intentions were revealed to be differing according to education levels. Bank switching intentions of well-educated customers were tend to be higher, while age, gender, marital status and income level didn’t make a difference on intentions. Based on the empirical results of current study, we will provide several theoretical and managerial implications in the area of service industry.

  17. Gravitational and electric energies in collapse of spherically thin capacitor

    CERN Document Server

    Ruffini, Remo

    2013-01-01

    In our previous article (PHYSICAL REVIEW D 86, 084004 (2012)), we present a study of strong oscillating electric fields and electron-positron pair-production in gravitational collapse of a neutral stellar core at or over nuclear densities. In order to understand the back-reaction of such electric energy building and radiating on collapse, we adopt a simplified model describing the collapse of a spherically thin capacitor to give an analytical description how gravitational energy is converted to both kinetic and electric energies in collapse. It is shown that (i) averaged kinetic and electric energies are the same order, about an half of gravitational energy of spherically thin capacitor in collapse; (ii) caused by radiating and rebuilding electric energy, gravitational collapse undergoes a sequence of "on and off" hopping steps in the microscopic Compton scale. Although such a collapse process is still continuous in terms of macroscopic scales, it is slowed down as kinetic energy is reduced and collapsing tim...

  18. A discrete model of energy-conserved wavefunction collapse

    CERN Document Server

    Gao, Shan

    2013-01-01

    Energy nonconservation is a serious problem of dynamical collapse theories. In this paper, we propose a discrete model of energy-conserved wavefunction collapse. It is shown that the model is consistent with existing experiments and our macroscopic experience.

  19. Observations on cyanobacterial population collapse in eutrophic lake water

    NARCIS (Netherlands)

    Gons, H.J.; Ebert, J.; Hoogveld, H.L.; Van den Hove, L.; Pel, R.; Takkenberg, W.; Woldringh, C.J.

    2002-01-01

    In two laboratory-scale enclosures of water from the shallow, eutrophic Lake Loosdrecht (the Netherlands), the predominating filamentous cyanobacteria grew vigorously for 2 weeks, but then their populations simultaneously collapsed, whereas coccoid cyanobacteria and algae persisted . The collapse co

  20. Banking Models Under the Impact of the Post-Crisis Organizational Changes Apt to Confer Sustainable Financial Stability - Romanian Experience

    Directory of Open Access Journals (Sweden)

    Claudia Gabriela Baicu

    2012-06-01

    Full Text Available The global financial crisis led to substantial changes in the operating environment of banks. Reforming the regulatory framework of financial and banking activity and the increase role of state in banking systems in many countries are important factors that involve major changes in the organizing of banking activity, the strategies adopted, the business models practiced, etc. Based on these considerations, the paper examines trends in banking models after the 2007 crisis. The analysis of the banking models is performed from the perspective of the deep organizational changes that affected the banking environment and sustainable financial stability. The study focuses on the analysis of the banking sustenability and the business model in the Romanian banking system, in the context of the post-crisis organizational changes. The profound interdependence of the Romanian banking system with the banking systems of the European countries and the international tendencies in financial regulation are important factors that influence the business models of the Romanian banks. The banking model practiced in Romania continues to be the traditional one. Currently, the most important challenges of the Romanian banking system are the growth of the non-performing loans, the loans in foreign currency to unhedged borrowers, the pressure to meet the Basel III requirements, as well as the possibility that the exposure of foreign banks towards Romania to decrease.

  1. 12 CFR 2.5 - Bank compensation.

    Science.gov (United States)

    2010-01-01

    ... the bank's loan customers. (b) Income derived from credit life insurance sales to loan customers may... seq., or to a trust for the benefit of all shareholders, provided that the bank receives reasonable... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Bank compensation. 2.5 Section 2.5 Banks...

  2. 12 CFR 204.121 - Bankers' banks.

    Science.gov (United States)

    2010-01-01

    ... Federal Home Loan Bank, or in the National Credit Union Administration Central Liquidity Facility if the... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Bankers' banks. 204.121 Section 204.121 Banks... REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D) Interpretations § 204.121 Bankers' banks. (a)(1)...

  3. Are Chinese Banks Ready for Foreigners?

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Banking reform is crucial to China, as banks dominate the country's financial system. The banking sector is dominated by four state-owned commercial banks-the ICBC, the CCB, the BOC, and the Agricultural Bank of China (ABC). The listing of the Bank of Communications (BOCOM), China's fifth

  4. Banking collapse, image and trust Bankahrun, ímynd og traust

    Directory of Open Access Journals (Sweden)

    Þórhallur Guðlaugsson

    2010-06-01

    Full Text Available Abstract in English is unavailable.Í greininni er fjallað um afmarkaðan þátt í kjölfar hruns íslensku bankanna 2008, þ.e. ímynd þeirra. Rannsóknarspurningin er: "Hvaða áhrif hefur bankahrun á ímynd banka og sparisjóða?" Fjallað er almennt um hvernig ímynd verður til og hvernig markaðsstarf hefur þróast í þá átt að beina tilboði skipulagsheildar að vel skilgreindum markhópi og leggja áherslu á að mynda tengsl við hann. Í rannsókninni er bæði lagt mat á ímynd einstakra banka í samanburði við aðra, sk. hlutfallslegur samanburður, og þróun meðaltals ímyndarþátta fyrir einstaka banka og greinina í heild. Rannsóknin byggir á aðferðafræði vörukorta en í greininni er gerð ítarleg grein fyrir henni. Rannsóknin styðst við niðurstöður úr þremur könnunum meðal háskólanema við Háskóla Íslands sem gerðar voru í apríl 2008, febrúar 2009 og apríl 2009. Niðurstöður kannananna eftir hrunið eru bornar saman við niðurstöður fyrir það og af þeim samanburði dregnar ályktanir. Enn fremur er horft til eldri kannana en ímynd banka og sparisjóða hefur verið mæld með sömu aðferð frá 2004. Megin niðurstaða rannsóknarinnar er að ímynd Landsbankans virðist hafa skaðast mest í kjölfar bankahrunsins. Eftir hrunið tengist bankinn sterkar við spillingu en áður en fyrir það tengdist hann sterkt við eiginleika eins og traust og samfélagsleg ábyrgð. Bankahrunið virðist ekki aðeins hafa skaðað tiltekin vörumerki á markaðinum heldur hefur atvinnugreinin sem slík orðið fyrir miklum ímyndarlegum skaða. Meðaleinkunn jákvæðra eiginleika lækkar umtalsvert á meðan að meðaleinkunn eiginleika eins og spilling hækkar mikið hjá öllum bönkunum. Spilling virðist því vera sá eiginleiki sem helst einkennir íslenskan bankamarkað eftir bankahrunið. Þekkt er að skortur á trausti dregur úr virkni hagkerfisins og hefur áhrif á hagvöxt. Áhættufjárfestingar dragast saman og samningar þurfa að vera betur niður njörvaðir sem aftur leiðir til hærri viðskiptakostnaðar. Út frá þjóðhagslegu sjónarmiði skiptir traust til bankakerfisins því miklu máli.

  5. GIS-Based Evaluation of Danger in Karst Collapse

    Institute of Scientific and Technical Information of China (English)

    2001-01-01

    In this paper, feasibility and advantage of GIS technology are discussed to make a quantitative evaluation of karst collapses, a fast and precise evaluation method for developing interface between the karst collapse and GIS-based evaluation model is used to predict major natural geological disasters. A complete procedure of fuzzy-hierarchical GIS-based evaluation of karst collapses is illustrated with the karst collapses in western urban area of Guilin, China.

  6. Comparative Study on the Banking Performances at BCR ERSTE BANK, BRD – GSG and Raiffeisen Bank

    Directory of Open Access Journals (Sweden)

    Claudia MITITELU

    2014-11-01

    Full Text Available This paper aims to make a comparison between the performances of three banks in the banking system in Romania, considered the most representative but also to achieve their classifications and identify correlations between a number of used indicators and indicators expressing banking performance.

  7. Sharing China's Bank Restructuring Bill

    Institute of Scientific and Technical Information of China (English)

    Guonan Ma

    2006-01-01

    This paper addresses the questions related to the cost of China's bank restructuring and how it has been financed. We first propose a framework for recognizing losses. Then, we examine the recent major moves by the Chinese Government to repair the country's bank balance sheets. Finally, we explore the implications of the Chinese Government's methods of funding bank restructuring. We find that the Chinese Government has been decisive in confronting the costly task of bank restructuring. So far, Chinese taxpayers have paid most of the bill for bank restructuring.

  8. Collapsing dynamics of attractive Bose-Einstein condensates

    DEFF Research Database (Denmark)

    Bergé, L.; Juul Rasmussen, J.

    2002-01-01

    The self-similar collapse of 3D and quasi-2D atom condensates with negative scattering length is examined. 3D condensates are shown to blow up following the scenario of weak collapse, for which 3-body recombination weakly dissipates the atoms. In contrast, 2D condensates undergo a strong collapse...

  9. 26 CFR 1.341-1 - Collapsible corporations; in general.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 4 2010-04-01 2010-04-01 false Collapsible corporations; in general. 1.341-1... TAX (CONTINUED) INCOME TAXES Collapsible Corporations; Foreign Personal Holding Companies § 1.341-1 Collapsible corporations; in general. Subject to the limitations contained in § 1.341-4 and the...

  10. Collapse and Revival in Holographic Quenches

    CERN Document Server

    da Silva, Emilia; Mas, Javier; Serantes, Alexandre

    2014-01-01

    We study holographic models related to global quantum quenches in finite size systems. The holographic set up describes naturally a CFT, which we consider on a circle and a sphere. The enhanced symmetry of the conformal group on the circle motivates us to compare the evolution in both cases. Depending on the initial conditions, the dual geometry exhibits oscillations that we holographically interpret as revivals of the initial field theory state. On the sphere, this only happens when the energy density created by the quench is small compared to the system size. However on the circle considerably larger energy densities are compatible with revivals. Two different timescales emerge in this latter case. A collapse time, when the system appears to have dephased, and the revival time, when after rephasing the initial state is partially recovered. The ratio of these two times depends upon the initial conditions in a similar way to what is observed in some experimental setups exhibiting collapse and revivals.

  11. Energy balance in the WTC collapse

    Science.gov (United States)

    Zhu, Kaiqi; Xu, Kang; Ansourian, Peter; Tahmasebinia, Faham; Alonso-Marroquin, Fernando

    2016-08-01

    The main aim of this report is to provide an analysis of Twin Towers of the New York City's World Trade Centre collapsed after attacked by two jet aircrafts. The approach mainly focused on the effect of temperature on mechanical properties of the building, by modelling heat energy in the south tower. Energy balance during the collapse between the energy inputs by aircraft petrol and the transient heat to the towers was conducted. Both the overall structure between 80 to 83 stories and individual elements was modelled. The main elements contributed to the heat transition includes external and internal columns. Heat applied in 2D and 3D models for single elements was through convection and conduction. Analysis of transient heat was done using Strand7.

  12. What prevents gravitational collapse in string theory?

    CERN Document Server

    Mathur, Samir D

    2016-01-01

    It is conventionally believed that if a ball of matter of mass $M$ has a radius close to $2GM$ then it must collapse to a black hole. But string theory microstates (fuzzballs) have no horizon or singularity, and they do {\\it not} collapse. We consider two simple examples from classical gravity to illustrate how this violation of our intuition happens. In each case the `matter' arises from an extra compact dimension, but the topology of this extra dimension is not trivial. The pressure and density of this matter diverge at various points, but this is only an artifact of dimensional reduction; thus we bypass results like Buchadahl's theorem. Such microstates give the entropy of black holes, so these topologically nontrivial constructions dominate the state space of quantum gravity.

  13. Singularities in gravitational collapse with radial pressure

    CERN Document Server

    Gonçalves, S M C V; Goncalves, Sergio M. C. V.; Jhingan, Sanjay

    2001-01-01

    We analyze spherical dust collapse with non-vanishing radial pressure, $\\Pi$, and vanishing tangential stresses. Considering a barotropic equation of state, $\\Pi=\\gamma\\rho$, we obtain an analytical solution in closed form---which is exact for $\\gamma=-1,0$, and approximate otherwise---near the center of symmetry (where the curvature singularity forms). We study the formation, visibility, and curvature strength of singularities in the resulting spacetime. We find that visible, Tipler strong singularities can develop from generic initial data. Radial pressure alters the spectrum of possible endstates for collapse, increasing the parameter space region that contains no visible singularities, but cannot by itself prevent the formation of visible singularities for sufficiently low values of the energy density. Known results from pressureless dust are recovered in the $\\gamma=0$ limit.

  14. Transport processes in anisotropic gravitational collapse

    CERN Document Server

    Martínez, J

    1996-01-01

    In this paper we introduce a new method to study the influence of thermal conduction and viscous processes in anisotropic gravitational collapse. To this end we employ the HJR method to solve the Einstein equations. The Maxwell-Cattaneo type transport equations are used to find the temperature and bulk and shear viscous pressures. Under some conditions Maxwell-Cattaneo transport equations comply with relativistic causality. Thus, it is advisable to use them instead of Eckart transport equations. In the inner layers of the star the temperature ceases to be sensitive to the boundary condition. This behavior, which can be explained in terms of the Eddington approximation, allows us to find the thickness of the neutrinosphere. The dynamics of collapsing dense stars is deeply influenced by the neutrino emission/absorption processes. These cool the star and drive it to a new equilibrium state. Therefore, the calculation of transport coefficients is based on these processes.

  15. Collapse and revival in holographic quenches

    Science.gov (United States)

    da Silva, Emilia; Lopez, Esperanza; Mas, Javier; Serantes, Alexandre

    2015-04-01

    We study holographic models related to global quantum quenches in finite size systems. The holographic set up describes naturally a CFT, which we consider on a circle and a sphere. The enhanced symmetry of the conformal group on the circle motivates us to compare the evolution in both cases. Depending on the initial conditions, the dual geometry exhibits oscillations that we holographically interpret as revivals of the initial field theory state. On the sphere, this only happens when the energy density created by the quench is small compared to the system size. However on the circle considerably larger energy densities are compatible with revivals. Two different timescales emerge in this latter case. A collapse time, when the system appears to have dephased, and the revival time, when after rephasing the initial state is partially recovered. The ratio of these two times depends upon the initial conditions in a similar way to what is observed in some experimental setups exhibiting collapse and revivals.

  16. Critical collapse of rotating radiation fluids

    CERN Document Server

    Baumgarte, Thomas W

    2016-01-01

    We present results from the first fully relativistic simulations of the critical collapse of rotating radiation fluids. We observe critical scaling both in subcritical evolutions, in which case the fluid disperses to infinity and leaves behind flat space, and in supercritical evolutions that lead to the formation of black holes. We measure the mass and angular momentum of these black holes, and find that both show critical scaling with critical exponents that are consistent with perturbative results. The critical exponents are universal; they are not affected by angular momentum, and are independent of the direction in which the critical curve, which separates subcritical from supercritical evolutions in our two-dimensional parameter space, is crossed. In particular, these findings suggest that the angular momentum decreases more rapidly than the square of the mass, so that, as criticality is approached, the collapse leads to the formation of a non-spinning black hole. We also demonstrate excellent agreement ...

  17. Cosmic no hair for collapsing universes

    Energy Technology Data Exchange (ETDEWEB)

    Lidsey, James E [Astronomy Unit, School of Mathematical Sciences Queen Mary, University of London, Mile End Road, London E1 4NS (United Kingdom)

    2006-05-21

    It is shown that all contracting, spatially homogeneous, orthogonal Bianchi cosmologies that are sourced by an ultra-stiff fluid with an arbitrary and, in general, varying equation of state asymptote to the spatially flat and isotropic universe in the neighbourhood of the big crunch singularity. This result is employed to investigate the asymptotic dynamics of a collapsing Bianchi type IX universe sourced by a scalar field rolling down a steep, negative exponential potential. A toroidally compactified version of M*-theory that leads to such a potential is discussed and it is shown that the isotropic attractor solution for a collapsing Bianchi type IX universe is supersymmetric when interpreted in an 11-dimensional context.

  18. Environmental dependence in the ellipsoidal collapse model

    CERN Document Server

    Desjacques, Vincent

    2007-01-01

    N-body simulations have demonstrated a correlation between the properties of haloes and their environment. In this paper, we assess whether the ellipsoidal collapse model can produce a similar dependence. First, we explore the statistical correlation that originates from Gaussian initial conditions. We derive analytic expressions for a number of joint statistics of the shear tensor and estimate the sensitivity of the local characteristics of the shear to the global geometry of the large scale environment. Next, we concentrate on the dynamical aspect of the environmental dependence using a simplified model that takes into account the interaction between a collapsing halo and its environment. We find that the tidal force exerted by the surrounding mass distribution causes haloes embedded in overdense regions to virialize earlier. An effective density threshold whose shape depends on the large scale density provides a good description of this environmental effect. We show that, using this approach, a correlation...

  19. Building the Green Bank Telescope

    Science.gov (United States)

    Kellermann, Kenneth I.

    2017-01-01

    In a previous presentation, I reported on how the freak collapse of the NRAO 300-ft transit radio telescope led to the inclusion of $75 million for a new radio telescope in the 1989 Congressional Emergency Supplemental Appropriations Act. But, this was only the beginning. NRAO was faced with challenging specifications and an unworkable schedule, but there was no design and no project team. Only one bid was even close to the Congressional appropriation. In an attempt to meet the unrealistic antenna delivery date, the contractor started construction of the foundation and fabrication of antenna members before the design was finished, leading to retrofits, redesign, and multiple delays. The antenna contractor was twice sold to other companies leading to further delays and cost escalation. In order to recoup their mounting losses, the new owners sued NRAO for $29 million for claimed design changes, and NRAO countersued demanding to be reimbursed for added project management costs and lost scientific data resulting from the seven-year delay in the completion of the telescope. Legal fees and a small net award in favor of the contractor left NRAO and the NSF with a nine million dollar bill which NSF handled by an innovative accounting adjustment.

  20. ANALISIS PENYALURAN DANA BANK SYARIAH

    Directory of Open Access Journals (Sweden)

    Siswati

    2013-03-01

    Full Text Available This study aims to describe the characteristics of Third Party Funds (TPF, Non-Performing Financing (NPF, Bank Indonesia Certificates Wadiah (SWBI, and funds Islamic Bank Mega Indonesia. Moreover to analyze the influence of DPK, NPF, and the bonus SWBI simultaneously or partially on the distribution of funds provided by the Bank Syariah Mega Indonesia. The sample in this study is the monthly financial report of Bank Syariah Mega Indonesia in 2005-2007. The results of this research showed that DPK, NPF, and Bonus SWBI simultaneous effect on the distribution of funds committed by Bank Syariah Mega Indonesia at 99.2% and the remaining 0.8% influenced by other factors that are not revealed in this study. DPK is partially positive and significant effect on the distribution of funds Bank Syariah Mega Indonesia at 98.65%, while the NPF and Bonus SWBI insignificant effect on the partial distribution of funds committed by Bank Syariah Mega Indonesia.