WorldWideScience

Sample records for bank policy implications

  1. Opposite policy implications in the theory of money and banking

    Directory of Open Access Journals (Sweden)

    Jefferson D. P. Bertolai

    2013-12-01

    Full Text Available The recent financial crisis creates a demand for welfare-based models of financial regulation and liquidity shortages. In this paper, we review policy implications from two cornerstone models and show that they imply different responses in terms of intertemporal returns of financial liabilities. In the first case, a version of the Cavalcanti and Wallace (1999, random-matching model, monitored agents are led to promote inflation in bank-issued money. In the second case, a sequential-service version of the Diamond and Dybvig (1983 model of bank runs with insolvency, increases in long-run returns can prevent bank runs by reducing the provision of liquidity.

  2. Implications of bank ownership for the credit channel of monetary policy transmission:evidence from India

    OpenAIRE

    Bhaumik, Sumon; Dang, Vinh; Ali M. Kutan

    2011-01-01

    Using bank-level data from India, we examine the impact of ownership on the reaction of banks to monetary policy, and also test whether the reaction of different types of banks to monetary policy changes is different in easy and tight policy regimes. Our results suggest that there are considerable differences in the reactions of different types of banks to monetary policy initiatives of the central bank, and that the bank lending channel of monetary policy is likely to be much more effective ...

  3. BANK OF ENGLAND’S MONETARY POLICY COMMITTEE – ASSESSING THE IMPORTANCE AND THE IMPLICATION UPON MONETARY POLICY

    Directory of Open Access Journals (Sweden)

    HORAȚIU FLORIN ȘOIM

    2012-05-01

    Full Text Available The monetary policy strategies arround the world have been envolving in the last two decades considerable. In the past, central banks’ have been associated with a „veil of mistery” having at their grounds the so-called policy mistique. Nowadays, the new monetary policy strategy – inflation targeting – promoted by many countries stablished new coordinates for monetary policy. In this paper we focuse upon the monetary policy committee with a special focus upon the Bank of England’s case, because of the special track of this committee in several fields: interest rates expectations, other asset prices, the communication of the central bankers, publishing the minutes of the committees.

  4. THE IMPLICATIONS OF MARKETING ACTIVITY IN RISK ANALYSIS, CORE ELEMENT OF LENDING POLICY TO COMMERCIAL BANKS

    Directory of Open Access Journals (Sweden)

    Magda Florin-Mihai

    2013-04-01

    Full Text Available In the present financial context first affected by the lack of trust generated by the important bankruptcies in the USA and secondly by the global economic crisis, financial institutions are more than ever focused on applying market research, customer segmentation procedures and based upon them adapted credit strategies. The process is based on the fundaments of the marketing mix, much more carefully than before in order to maximize efficiency and market position or to consolidate, increase market share by taking advantage of opportunities or diminishing the effects of the present unfavorable economic climate. Analysis procedures based on differential risk models can be identified, the starting point being precisely the involvement of marketing by the market segmentation process and the concepts of “customer centricity” and “client relationship management”, specific credit policies being based upon them. The present paper intends to bring forth the client segmentation criteria practiced by top Romanian commercial banks, as the right segmentation process will reflect on the typology of financing over time. Furthermore, client segmentation tends to influence banking management in order to administer the risks arising from the credit activities, as it is in strict connection to the elements and processes involved in determining a correct rating of the applicants for funding.

  5. Payments and Central Bank Policy

    DEFF Research Database (Denmark)

    Korsgaard, Søren

    This thesis consists of three chapters. The rst, "Paying for Payments", examines the role of interchange fees in payment card networks. The second, "Bank Liquidity and the Interbank Market" (co-authored with Mikael Reimer Jensen), investigates how banks' liquidity holdings at the central bank a ect...... outcomes in the money market. The third, "Collateralized Lending and Central Bank Collateral Policy", considers the emergence of credit constraints under collateralized lending, and how central banks use collateral policy to mitigate these constraints. While the chapters can be read independently......, they share common themes. Each chapter is concerned with payments in one way or another, each is concerned with the e ciency of market outcomes, and, to the extent that there is scope for improving these outcomes, each discusses the appropriate role for policy, in particular central bank policy....

  6. Optimal Bank Regulation and Monetary Policy

    OpenAIRE

    John J. Seater

    2000-01-01

    A unified model of monetary policy and bank regulation is presented. In accordance with modern banking theory, banks not only intermediate loans and deposits but also provide a financial service affecting aggregate output. Optimal parameter settings for monetary and regulatory policy are derived. New results are that monetary policy affects the expected level as well as the variance of output, bank regulation should change continually in response to the state of the economy, and bank regulati...

  7. "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...

  8. Monetary Policy and Excessive Bank Risk Taking

    NARCIS (Netherlands)

    Agur, I.; Demertzis, M.

    2010-01-01

    If monetary policy is to aim at financial stability, how would it change? To analyze this question, this paper develops a general-form model with endogenous bank risk profiles. Policy rates affect both bank incentives to search for yield and the cost of wholesale funding. Financial stability objecti

  9. Central bank learning and monetary policy

    OpenAIRE

    Tesfaselassie, Mewael F.

    2008-01-01

    We analyze optimal monetary policy when a central bank has to learn about an unknown coefficient that determines the effect of surprise inflation on aggregate demand. We derive the optimal policy under active learning and compare it to two limiting cases---certainty equivalence policy and cautionary policy, in which learning takes place passively. Our novel result is that the two passive learning policies represent an upper and lower bound for the active learning policy, irrespective of the s...

  10. THE POLICY OF THE EXCHANGE RATE PROMOTED BY NATIONAL BANK OF ROMANIA AND ITS IMPLICATIONS UPON THE FINANCIAL STABILITY

    Directory of Open Access Journals (Sweden)

    Chifane Cristina

    2010-12-01

    Full Text Available The more profound world economic crisis has strongly marked the evolution of the Romanian financial system. The size of current account deficit, the relatively high external financing needs and the dependence of the banks on it, the high ratio between loans in foreign currency and deposits in foreign currency made of the Romanian economy, a risky destination for investors. In these conditions, since the end of 2008 and throughout 2009, the government's economic program was focused on reducing the external deficit in both public and private sector, on minimizing the effects of recession, on avoiding a crisis of the exchange rate and on cooling the inflationary pressures.

  11. Regulation of Communication Policy of Modern Banks

    Directory of Open Access Journals (Sweden)

    Ketova Natalia, P.

    2016-03-01

    Full Text Available The paper shows the need for effective communication commercial banks, revealed the possibility of interaction with customers through advertising, sponsorship, philanthropy, sales promotion, lobbying of interests of banking institutions. The principles for the regulation of communications to ensure consistency of communication complex, which cause a complex effect on the external environment, the creation of adaptive system of marketing communications. It is proved that the possibilities of implementing an active communication policy of modern banks in recent years is constantly increasing. This contributes to the extension of Internet technologies, the creation of remote service channels, the emergence of new tools and technologies to attract and retain customers. On the example of JSC "Sberbank of Russia" presented the technology of using the traditional tools of ATL and BTL communications, the formation of the system CSR – corporate social responsibility, building contact with customers, enhancing their loyalty to the Bank. Reveals the areas of regulation of the savings Bank of its activities on the creation of the daily value of services based on the principles of involvement and co-operation of the system "Client - Bank", "Bank - Company", "Bank – Employees".

  12. Macroprudential policies on banking system

    Directory of Open Access Journals (Sweden)

    Ionuţ Mircea

    2015-05-01

    Full Text Available The macro-prudential tool kit deals with those risks that contributed to the outbreak of the last economic crisis or materialized during it, namely the excessive credit growth, the excessive price assets growth driven by the credit growth, the excessive increase in leverage, the liquidity risk, the volatile capital flows and foreign currency lending. It can be argued that macro-prudential policies underestimated the systemic risks mentioned, although they were better positioned than other policies aimed at financial stability. The impact of macro-prudential policy is difficult to be determined, because is usually applied simultaneously and in the same direction with other macroeconomic policies. Thus, it is necessary a better coordination of policies and a better calibration of instruments in order to get a quick and effective response during their implementation. These must be in line with national specificities and the risks identified. Until the new macro-prudential tools introduced by Basel III will prove their effectiveness, the issue of finding proper tools is still open.

  13. 12 CFR 917.4 - Bank Member Products Policy.

    Science.gov (United States)

    2010-01-01

    ... systems, procedures and internal controls; and (7) Address the maintenance of appropriate operational and... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Bank Member Products Policy. 917.4 Section 917.4 Banks and Banking FEDERAL HOUSING FINANCE BOARD GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME...

  14. Industries and the bank lending effects of bank credit demand and monetary policy in Germany

    NARCIS (Netherlands)

    Raabe, K.; Arnold, I.J.M.; Kool, C.J.M.

    2006-01-01

    This paper presents evidence on the industry effects of bank lending in Germany and asks whether bank lending to single industries depends on industry-specific bank credit demand or on monetary policy as determinant of bank credit supply. To this end, we estimate individual bank lending functions fo

  15. The Transmission of Monetary Policy through Conventional and Islamic Banks

    OpenAIRE

    Zaheer, S; Ongena, S.; van Wijnbergen, S.J.G.

    2011-01-01

    This discussion paper resulted in a publication in the 'International Journal of Central Banking' , 2013, 9(4), 175-224. We investigate the differences in banks' responses to monetary policy shocks across bank size, liquidity, and type, i.e., conventional versus Islamic, in Pakistan between 2002:II to 2010:I. We find that following a monetary contraction, small banks with liquid balance sheets cut their lending less than other small banks. In contrast large banks maintain their lending irresp...

  16. Monetary policy, bank size and bank lending: evidence from Australia(new version)

    OpenAIRE

    liu, luke

    2012-01-01

    This study explores how monetary policy changes flow through the banking sector in Australia. Drawing on data between 2004 and 2010, we divide banks into three groups according to their size, and examine the impact of cash rate change on lending of different types of loans. We found the response of bank lending after a monetary policy change varies with the size of the bank as well as the types of loan.

  17. The transmission of monetary policy through conventional and islamic banks

    NARCIS (Netherlands)

    Zaheer, S.; Ongena, S.; van Wijnbergen, S.

    2012-01-01

    We investigate the differences in banks' responses to monetary policy shocks across bank size, liquidity, and type, i.e., conventional versus Islamic, in Pakistan between 2002:II to 2010:I. We find that following a monetary contraction, small banks with liquid balance sheets cut their lending less t

  18. MONETARY POLICY FORCE EFFECT BY MEANS OF BANKS MONEY CREATION

    Directory of Open Access Journals (Sweden)

    Victoria COCIUG

    2014-07-01

    Full Text Available In the context of modern economy, banks play an essential role for sustainable growth, by ensuring economy with financial resources and driving impulses of monetary policy to economy. Monetary authorities influence significantly the bank's ability to fulfill this role. Thus, to achieve macroeconomic objectives, there is promoted particular monetary policy and are implemented various practical regulations for banks. In this article, we want to identify the existing relationship between monetary policy followed by the authorities and the ability of banks to create money with its impact on various practical regulations.

  19. World Bank Policy on Education: A Personal Account

    Science.gov (United States)

    Psacharopoulos, George

    2006-01-01

    Based on the author's over two decades of association with the World Bank, this paper reviews the institution's policies and practice on education. It describes why education policy, as revealed by operations, shifted dramatically since the early Bank projects on education and identifies the reasons for such a shift. The paper argues that the…

  20. Monetary Policy Instruments and Bank Risks in China

    OpenAIRE

    Zhongyuan Geng; Xue Zhai

    2013-01-01

    The authors use a panel data regression model to examine the effects of main monetary policy instruments on commercial bank risks in China from 1998 to 2011. The interest rate has a positive effect on bank risk while the interest rate margin, the reserve requirement ratio and open market operation have a negative effect. Among the three monetary policy instruments, the reserve requirement ratio has the greatest effect on bank risk, the interest rate (the interest rate margin) the second large...

  1. MONETARY POLICY FORCE EFFECT BY MEANS OF BANKS MONEY CREATION

    OpenAIRE

    Victoria COCIUG; Olga TIMOFEI

    2014-01-01

    In the context of modern economy, banks play an essential role for sustainable growth, by ensuring economy with financial resources and driving impulses of monetary policy to economy. Monetary authorities influence significantly the bank's ability to fulfill this role. Thus, to achieve macroeconomic objectives, there is promoted particular monetary policy and are implemented various practical regulations for banks. In this article, we want to identify the existing relationship between monetar...

  2. Determinants of Dividend Policy in Kosovo Banking Industry

    OpenAIRE

    Besnik Livoreka; Arta Hoti; Erdin Maloku

    2015-01-01

    As salary to Managers and employees is dividend to Shareholders. There are several determinants influencing dividend policy on the banking Industry. A stable dividend policy gives positive signal to shareholders and can be seen as positive on the bank performance. In order to distribute dividend several factors are considered. With multivariable linear regression and the data from the “Financial Stability Report” of the Central Bank of Kosovo this paper tends to present the det...

  3. 12 CFR 614.4100 - Policies governing lending through Federal land bank associations.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Policies governing lending through Federal land bank associations. 614.4100 Section 614.4100 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Bank/Association Lending Relationship § 614.4100 Policies...

  4. Uncertainty about Length of the Monetary Policy Transmission Lag: Implications for Monetary Policy

    OpenAIRE

    Ha, Yuong

    1999-01-01

    Using stochastic simulations of the Reserve Bank of New Zealand’s macroeconomic model, this paper examines the implications for monetary policy of uncertainty about the length of the monetary policy transmission lag. Uncertainty is examined from two perspectives. The first investigates the robustness of efficient inflation-forecast-based rules under transmission lag uncertainty. Robustness, in this paper, is measured by the variability of the stabilisation properties of policy rules. The resu...

  5. The Transmission of Monetary Policy through Conventional and Islamic Banks

    NARCIS (Netherlands)

    Zaheer, S.; Ongena, S.; van Wijnbergen, S.J.G.

    2011-01-01

    We investigate the differences in banks’ responses to monetary policy shocks across bank size, liquidity, and type, i.e., conventional versus Islamic, in Pakistan between 2002:II to 2010:I. We find that following a monetary contraction, small banks with liquid balance sheets cut their lending less t

  6. The transmission of monetary policy through conventional and Islamic banks

    NARCIS (Netherlands)

    Zaheer, S.; Ongena, S.; van Wijnbergen, S.J.G.

    2013-01-01

    We investigate the differences in banks’ responses to monetary policy shocks across bank size, liquidity, and type—i.e., conventional versus Islamic—in Pakistan between 2002:Q2 and 2010:Q1. We find that following a monetary contraction, small banks with liquid balance sheets cut their lending less t

  7. The monetary policy of the European Central Bank

    OpenAIRE

    Ježková, Tereza

    2011-01-01

    The objective of this thesis is to analyse and to evaluate the monetary policy of the European Central Bank (ECB) since the establishment of the European monetary union until the financial crisis in 2008. The thesis is divided into three parts. The first part introduces operating principles of monetary policy, which types of monetary policy exist and which instruments it uses. The second part deals with the process of its establishment and its formal requirements. In the third part, the analy...

  8. World Bank education policy: market liberalism meets ideological conservatism.

    Science.gov (United States)

    Puiggrós, A

    1997-01-01

    Neoliberalism does not consider education a strategic investment. World Bank discourse for Latin America lacks a medium- and long-term view and is based on a short-term cost-benefit analysis. The Bank's education policy is determined by "adjustment" of countries economies so that they can go on paying their external debts. The goal is to eliminate educational expenses for the states by keeping education for elites, breaking up and privatizing the large public education systems, and nullifying teachers' contracts. To justify its policy, the Bank argues that governments should stop financing secondary and higher education and instead focus on primary education, where investments would be more efficient. But at the same time, governments should shift the financing of primary education to the private sector. Teachers' unions are now at the forefront of opposition to the World Bank's education reforms.

  9. Bank core deposits and the mitigation of monetary policy

    OpenAIRE

    Lamont K. Black; Diana Hancock; Wayne Passmore

    2007-01-01

    We consider the business strategy of some banks that provide relationship loans (where they have loan origination and monitoring advantages relative to capital markets) with core deposit funding (where they can pass along the benefit of a sticky price on deposits). These "traditional banks" tend to lend out less than the deposits they take in, so they have a "buffer stock" of core deposits. This buffer stock of core deposits can be used to mitigate the full effect of tighter monetary policy o...

  10. Bank Liquidity, Interbank Markets, and Monetary Policy

    NARCIS (Netherlands)

    Freixas, X.; Martin, A.; Skeie, D.

    2010-01-01

    A major lesson of the recent financial crisis is that the interbank lending market is crucial for banks facing large uncertainty regarding their liquidity needs. This paper studies the efficiency of the interbank lending market in allocating funds. We consider two different types of liquidity shocks

  11. Determinants of Dividend Policy in Kosovo Banking Industry

    Directory of Open Access Journals (Sweden)

    Besnik Livoreka

    2015-08-01

    Full Text Available As salary to Managers and employees is dividend to Shareholders. There are several determinants influencing dividend policy on the banking Industry. A stable dividend policy gives positive signal to shareholders and can be seen as positive on the bank performance. In order to distribute dividend several factors are considered. With multivariable linear regression and the data from the “Financial Stability Report” of the Central Bank of Kosovo this paper tends to present the determinants which indicate the decision on following a certain policy. Results received from this paper is tended to inform the reader on understanding the role of determinants on dividend distribution as well as new researchers on having an additional opinion related to their future research.

  12. Factors Affecting the Financing Policy of Commercial Banks in Ethiopia

    Directory of Open Access Journals (Sweden)

    W/Michael Shibru

    2015-12-01

    Full Text Available Determining the optimal capital structure is one of the most fundamental policy decisions faced by financial managers. Since optimal debt ratio influences firm’s value, different firms determine capital structures at different levels to maximize the value of their firms. Thus, this study examines the relationship between leverage and firm specific (profitability, tangibility, growth, risk, size and liquidity determinants of capital structure decision, and the theories of capital structure that can explain the capital structure of banks in Ethiopia. In order to investigate these issues a mixed method research approach is utilized, by combining documentary analysis and in-depth interviews. More specifically, the study uses twelve years (2000 - 2011 data for eight banks in Ethiopia.   The findings show that profitability, size, tangibility and liquidity of the banks are important determinants of capital structure of banks in Ethiopia. However, growth and risk of banks are found to have no statistically significant impact on the capital structure of banks in Ethiopia. In addition, the results of the analysis indicate that pecking order theory is pertinent theory in Ethiopian banking industry, whereas there are little evidence to support static trade-off theory and the agency cost theory. Therefore, banks should give consideration to profitability, size, liquidity and tangibility when they determine their optimum capital structure.

  13. Factors Affecting the Financing Policy of Commercial Banks in Ethiopia

    Directory of Open Access Journals (Sweden)

    W/Michael Shibru

    2015-06-01

    Full Text Available Determining the optimal capital structure is one of the most fundamental policy decisions faced by financial managers. Since optimal debt ratio influences firm’s value, different firms determine capital structures at different levels to maximize the value of their firms. Thus, this study examines the relationship between leverage and firm specific (profitability, tangibility, growth, risk, size and liquidity determinants of capital structure decision, and the theories of capital structure that can explain the capital structure of banks in Ethiopia. In order to investigate these issues a mixed method research approach is utilized, by combining documentary analysis and in-depth interviews. More specifically, the study uses twelve years (2000 - 2011 data for eight banks in Ethiopia.   The findings show that profitability, size, tangibility and liquidity of the banks are important determinants of capital structure of banks in Ethiopia. However, growth and risk of banks are found to have no statistically significant impact on the capital structure of banks in Ethiopia. In addition, the results of the analysis indicate that pecking order theory is pertinent theory in Ethiopian banking industry, whereas there are little evidence to support static trade-off theory and the agency cost theory. Therefore, banks should give consideration to profitability, size, liquidity and tangibility when they determine their optimum capital structure.

  14. The execution of monetary policy: a tale of two central banks

    OpenAIRE

    Bartolini, Leonardo; Prati, Alessandro

    2003-01-01

    The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The latter institution follows a much more "hands-on" approach involving daily intervention to fine-tune the liquidity of the banking system. We review the implications of these contrasting approaches, focusin...

  15. Negative Policy Rates, Banking Flows and Exchange Rates

    OpenAIRE

    Khayat, Anwar

    2015-01-01

    Setting negative nominal rates is one of the unconventional policies implemented after the Great Recession to overcome the Zero Lower Bound. Using data from the euro area and Denmark, I assess the impact of introducing a negative interest rate on reserves. I find that it did put a depreciation pressure on the currency due to a reversal in banking flows. This effect is not only caused by policy differentials, but also by a distinct impact of going into negative territory from lowering interest...

  16. Formation of strategy and policy of banking credit operations management

    Directory of Open Access Journals (Sweden)

    O.V. Lysenok

    2016-03-01

    Full Text Available The article examines the strategic management of credit operations as the activities on credit strategies of banking institutions, the formation of goals, objectives, and the choice of methods to achieve them. The basis of this is the strategic management analysis of the factors affecting the lending operations, strategic planning, communication mechanisms of strategic and tactical decisions, monitoring the implementation of the strategy and timely adjustments. For the purpose of effective implementation of the developed strategy, the article argues that banks in modern conditions should develop their own internal credit policy which should cover the essential elements and principles of credit at these banks. The study determines that the credit policy is based on the factors determined by the amount of capital assets and loan portfolio, the structure of its clientele, specialization, location, presence of branch network, the situation in the money market.

  17. Monetary policy, banking and heterogeneous agents

    NARCIS (Netherlands)

    Wolski, M.

    2012-01-01

    The influence of heterogeneous expectations on monetary policy performance has gained a lot of attention in the recent years. It proved to be an important factor that, under some circumstances, may even destabilize the economy (Massaro, 2012). This paper investigates the phenomenon of heterogeneous

  18. The reaction of bank lending to monetary policy in Brazil

    Directory of Open Access Journals (Sweden)

    Tony Takeda

    2005-03-01

    Full Text Available This paper evaluates the relevance of the "bank lending channel'' of monetary policy transmission in Brazil. Disaggregated monthly data of the Brazilian banks balance sheets from December 1994 to December 2001 are analyzed. In addition to the short-term interest rate, we consider the effects of another monetary policy instrument frequently used in Brazil, represented by reserve requirements on overall banks deposits - demand, savings, and time deposits. Dynamic panel data techniques are employed. Our results suggest that the impact of reserve requirements is relevant and stronger for larger banks loans. This finding results from the progressive reserve rates required from banks, which affect to a greater extent banks with larger deposit volumes.Este artigo avalia o canal de empréstimos bancários na transmissão da política monetária. A análise foca os dados mensais desagregados do balanço patrimonial dos bancos comerciais brasileiros de dezembro de 1994 a dezembro de 2001. Em adição à taxa básica de juros de curto prazo, este estudo considera também os efeitos de um outro instrumento de política monetária usado freqüentemente no Brasil, representado pelos recolhimentos compulsórios sobre os depósitos à vista, de poupança e a prazo. A partir de técnicas de análise de dados em painel dinâmico, os resultados dos testes sugerem que o impacto dos compulsórios é relevante e é mais forte sobre os empréstimos dos grandes bancos, conclusão que decorre de recolhimentos compulsórios de caráter progressivo, que afetam mais fortemente os bancos com maiores volumes de depósitos.

  19. The relationship between monetary policy and bank lending behavior and the influence of bank specific features on this relationship in the banks listed on the Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Ayub Ghasemian

    2016-03-01

    Full Text Available This paper is trying to investigate how monetary policy affects the banks’ loan portfolios and answer the question of whether special bank’s features influence the lending response to a monetary policy. To this end, we use Iran’s bank loan aggregated series and bank’s size and capital structure data. We use the growth rate of M2 as the indicators of Irans' monetary policy. Using Vector error correction model (VECM and quarterly data for the period 2007:Q1 to 2014:Q4, the main hypothesis be examined. The result show that there is a bidirectional causal relationship between the M2 (as monetary policy index and lending behavior of banks listed on the Tehran Stock Exchange. It was also observed that the banks' capital structure as one of the banks specific feature variables have a negative impact on bank lending behavior in accepted banks in Tehran Stock Exchange.

  20. 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.

  1. The National Bank of Romania monetary policy characteristics in addition to the current financial crisis

    OpenAIRE

    Stefan Sambotin; Andreea Bucur

    2012-01-01

    Considering the starting point for research the Central Bank key role in economic life, through the implementation of the monetary policy, by exercising prudential control and supervision of commercial banks, the present paper proposes an analysis of the National Bank of Romania monetary policy coordinates in the frame of the increased intensification harsh effects of the global economic crisis.

  2. Influence of deposit policy on forming the architectonics of development of banks

    Directory of Open Access Journals (Sweden)

    Вікторія Володимирівна Коваленко

    2015-03-01

    Full Text Available In the article the basic pressing questions of forming the deposit policy of banks and its influence are exposed on their deposit activity. Conceptual positions of forming and realization of deposit policy of banks are determined in modern terms. The necessity of change the architectonics of development of banks is well-proven due to realization of deposit management strategy

  3. River Bank Erosion at the Intra-Event Timescale: Implications for Bank Sediment Delivery

    Science.gov (United States)

    Darby, S. E.; Rinaldi, M.

    2004-12-01

    (CFD) simulations to estimate the boundary shear stress distribution exerted on the banks in each time step. Consequently, the bank profile is updated in response to any deformation caused by fluvial erosion. As a result, our simulations are able to highlight two contrasting roles that fluvial erosion has in triggering bank failures during flood hydrographs. First, fluvial erosion destabilises the bank with respect to mass failure by steepening the bank profile. However, this bank deformation also results in a modified distribution of bank pore-water pressures relative to cases where there is no fluvial erosion. A possible implication of our results is that conceptual models of bank sediment delivery processes founded on event-scale analyses may be misleading. Previous modelling studies have emphasised mass-failures as quasi-catastrophic events timed to occur on the falling limb of event hydrographs. In contrast, our simulations suggest that mass-wasting might also occur as a series of much smaller-scale episodes, timed at frequent intervals throughout the event hydrograph. It follows that the residence time of bank material debris delivered to the bank-toe may be much shorter than suggested by approaches that do not account for bank deformation processes at the intra-event time scale. Further research is required to investigate this hypothesis.

  4. Monetary Policy Implementation and Liquidity Management of the Czech Banking System

    OpenAIRE

    Brůna, Karel

    2010-01-01

    Implementation of monetary policy assumes that monetary policy instruments stabilize O/N interest rates to the proximity of main policy rate to archive monetary targets. The function of stabilizing mechanism is based on simple rule that the volume of liquidity in the banking system is held in line with the demand of banks for reserves. In this paper main factors of banking system liquidity are analyzed in the context of bank’s imperfect intertemporal substitution of reserves and with respect ...

  5. The Implications of Federal Education Policy.

    Science.gov (United States)

    Conrad, Clifton; Cosand, Joseph

    The significant role of the federal government in the support of higher education is noted in a survey of the development and changing patterns of federal support, and a critical review of the directions of current federal policy is offered. Implications are drawn about the effects of this policy on such national concerns as providing equal…

  6. Policy and Economics of Managed Aquifer Recharge and Water Banking

    Directory of Open Access Journals (Sweden)

    Sharon B. Megdal

    2015-02-01

    Full Text Available Managed Aquifer Recharge (MAR and water banking are of increasing importance to water resources management. MAR can be used to buffer against drought and changing or variable climate, as well as provide water to meet demand growth, by making use of excess surface water supplies and recycled waters. Along with hydrologic and geologic considerations, economic and policy analyses are essential to a complete analysis of MAR and water banking opportunities. The papers included in this Special Issue fill a gap in the literature by revealing the range of economic and policy considerations relevant to the development and implementation of MAR programs. They illustrate novel techniques that can be used to select MAR locations and the importance and economic viability of MAR in semi-arid to arid environments. The studies explain how MAR can be utilized to meet municipal and agricultural water demands in water-scarce regions, as well as assist in the reuse of wastewater. Some papers demonstrate how stakeholder engagement, ranging from consideration of alternatives to monitoring, and multi-disciplinary analyses to support decision-making are of high value to development and implementation of MAR programs. The approaches discussed in this collection of papers, along with the complementary and necessary hydrologic and geologic analyses, provide important inputs to water resource managers.

  7. Policy implications for familial searching

    Directory of Open Access Journals (Sweden)

    Kim Joyce

    2011-11-01

    Full Text Available Abstract In the United States, several states have made policy decisions regarding whether and how to use familial searching of the Combined DNA Index System (CODIS database in criminal investigations. Familial searching pushes DNA typing beyond merely identifying individuals to detecting genetic relatedness, an application previously reserved for missing persons identifications and custody battles. The intentional search of CODIS for partial matches to an item of evidence offers law enforcement agencies a powerful tool for developing investigative leads, apprehending criminals, revitalizing cold cases and exonerating wrongfully convicted individuals. As familial searching involves a range of logistical, social, ethical and legal considerations, states are now grappling with policy options for implementing familial searching to balance crime fighting with its potential impact on society. When developing policies for familial searching, legislators should take into account the impact of familial searching on select populations and the need to minimize personal intrusion on relatives of individuals in the DNA database. This review describes the approaches used to narrow a suspect pool from a partial match search of CODIS and summarizes the economic, ethical, logistical and political challenges of implementing familial searching. We examine particular US state policies and the policy options adopted to address these issues. The aim of this review is to provide objective background information on the controversial approach of familial searching to inform policy decisions in this area. Herein we highlight key policy options and recommendations regarding effective utilization of familial searching that minimize harm to and afford maximum protection of US citizens.

  8. 12 CFR Appendix C to Part 225 - Small Bank Holding Company Policy Statement

    Science.gov (United States)

    2010-01-01

    ... provided they comply with the requirements set forth above. 3. Core Requirements for All Applicants In... strain on the resources of the bank(s), and the record and competency of management. In addition, the... policy statement, the bank holding company meets the core requirements for all applicants noted...

  9. Economic and policy implications of pandemic influenza.

    Energy Technology Data Exchange (ETDEWEB)

    Smith, Braeton J.; Starks, Shirley J.; Loose, Verne W.; Brown, Theresa Jean; Warren, Drake E.; Vargas, Vanessa N.

    2010-03-01

    Pandemic influenza has become a serious global health concern; in response, governments around the world have allocated increasing funds to containment of public health threats from this disease. Pandemic influenza is also recognized to have serious economic implications, causing illness and absence that reduces worker productivity and economic output and, through mortality, robs nations of their most valuable assets - human resources. This paper reports two studies that investigate both the short- and long-term economic implications of a pandemic flu outbreak. Policy makers can use the growing number of economic impact estimates to decide how much to spend to combat the pandemic influenza outbreaks. Experts recognize that pandemic influenza has serious global economic implications. The illness causes absenteeism, reduced worker productivity, and therefore reduced economic output. This, combined with the associated mortality rate, robs nations of valuable human resources. Policy makers can use economic impact estimates to decide how much to spend to combat the pandemic influenza outbreaks. In this paper economists examine two studies which investigate both the short- and long-term economic implications of a pandemic influenza outbreak. Resulting policy implications are also discussed. The research uses the Regional Economic Modeling, Inc. (REMI) Policy Insight + Model. This model provides a dynamic, regional, North America Industrial Classification System (NAICS) industry-structured framework for forecasting. It is supported by a population dynamics model that is well-adapted to investigating macro-economic implications of pandemic influenza, including possible demand side effects. The studies reported in this paper exercise all of these capabilities.

  10. The Formation of New Monetary Policies: Decisions of Central Banks on the Great Recession

    Directory of Open Access Journals (Sweden)

    Ana Esther Castro

    2014-05-01

    Full Text Available The effect that the Great Recession had on monetary policies has led to the profound reorientation of central banks’ actions from 2007 to 2013. The purpose of this work is to analyze the monetary policies applied by the main central banks, mainly the European Central Bank, the Federal Reserve System of USA and the Bank of Japan, in order to raise thoughts on the guidelines that central banks should follow in the future. In the first section the bases of monetary policy before the crisis are described; in the second we explain the change in the orientation of the role of central banks during the crisis; and finally, we synthesize the bases on which the economic debate is taking place on the orientation of future monetary policies. We conclude that, in so far as the inoperativeness of transmission mechanisms still persists, monetary policies will remain in a process of change.

  11. Policy implications for familial searching

    OpenAIRE

    Kim Joyce; Mammo Danny; Siegel Marni B; Katsanis Sara H

    2011-01-01

    Abstract In the United States, several states have made policy decisions regarding whether and how to use familial searching of the Combined DNA Index System (CODIS) database in criminal investigations. Familial searching pushes DNA typing beyond merely identifying individuals to detecting genetic relatedness, an application previously reserved for missing persons identifications and custody battles. The intentional search of CODIS for partial matches to an item of evidence offers law enforce...

  12. Sustainability of the Brazilian fiscal policy and central bank independence

    Directory of Open Access Journals (Sweden)

    Viviane Luporini

    2000-06-01

    Full Text Available This paper analyzes the sustainability of fiscal policy in Brazil since the financial reform of 1965 and discusses how the relationship between the Treasury and the Central Bank has determined the federal government's capacity to finance itself. A sustainable policy is defined as one such that the discounted government debt as a ratio to the GDP is backed by expected primary surpluses of equal present-value. In the context of an infinite-horizon framework, sustainability is tested through the mean-zero stationarity of the discounted debt/GDP ratio. Although the overall results indicate sustainability, tests on subsamples show that the fiscal policy was sustainable prior to 1980, but it assumed an unsustainable path during the 80's and early 90's.Este artigo analisa a sustentabilidade da política fiscal brasileira desde a reforma financeira de 1965 e discute como o relacionamento entre o Tesouro e o Banco Central tem determinado a capacidade do governo federal brasileiro de se financiar. A política fiscal governamental pode ser considerada sustentável se o valor discontado de sua dívida mobiliária como fração do PIB for respaldada por superávits fiscais primários de mesmo valor-presente. Em um quadro analítico de horizonte-infinito, a sustentabilidade da política fiscal brasileira é testada através da estacionaridade da razão dívida/PIB ao redor da média zero. Embora os resultados gerais indiquem sustentabilidade, os testes implementados em dois subconjuntos da amostra sugerem que a política fiscal assumiu um padrão insustentável após 1981.

  13. Banking Structure and Monetary Policy: New Wine in Old Bottles.

    Science.gov (United States)

    Hacche, John

    1989-01-01

    Provides an extension of the basic banking model used in introductory economics courses. This expanded model introduces the concept of banking capital and reserves, and includes the relationship existing between current issues and banking structure and money supply growth. Provides worksheet exercises and answers. (LS)

  14. Monetary policy and banking supervision: still at arm's length? A comparative analysis

    Directory of Open Access Journals (Sweden)

    Donato Masciandaro

    2012-12-01

    Full Text Available By the early 2000s an increasing number of countries had adopted a well-defined central bank framework, characterized by two intertwined features: stronger specialization for the banking authority in achieving monetary policy goals, and a lessening of its traditional responsibilities for the safeguard of financial stability within its institutional perimeter. The fundamental effect was that Central Bank Involvement in Supervision (CBIS generally decreased. But then, after the Financial Crisis erupted in 2008, reforms have been undertaken and projects are being discussed to reconsider the role of the central bank in the field of supervisory tasks. The main research question is then: how is CBIS moving? This article offers two contributions. Firstly, the economics of the relationship between central banking, monetary policy and banking supervision is reviewed. Secondly, the current situation of CBIS in 88 countries around the world is analyzed.

  15. THE CRUCIAL ROLE OF CENTRAL BANK TRANSPARENCY IN ASSESSING THE MONETARY POLICY COMMITTEE MECHANISM

    Directory of Open Access Journals (Sweden)

    Dumiter Florin Cornel

    2012-12-01

    Full Text Available In the past, central banks used to be very reserved regarding their activities, strategies and monetary policy decisions and actions. As central banks become more and more independent, transparency gained importance based upon accountability arguments. An important fact for adopting an increasing central bank transparency lies in its importance of influencing the development of expectations. The concept of central bank transparency has emerged in the economic literature relatively later than some other key concepts. The widespread agreement of an inflation targeting regime and a more transparent central bank is desired by the most central banks around the world in the context of the need of the public disclosure of macroeconomic models, the quarterly time series for indicators like: inflation, output, budgetary deficit, public debt, interest rate, inflation expectations, the public announcement of the monetary policy decisions, objectives and targets, the publication of some key monetary tools like: inflation report, financial stability report, monetary policy committee report, annual report. These are all key issues in the construction of a more transparent and independent central bank in the context of a good global governance. Moreover, for the fruitful success of the central bank, latum sensu, and monetary policy, stricto sensu, it must be encompassed a complex monetary policy committee mechanism. This complex mechanism must by edowed with the collegial approach of the monetary policy committee, structure of the voting mechanism within the committee, the importance of the person which announces the changes within the interest rates and the public disclosure of these information’s enriched in a communication strategy. This communication strategy is very important for assessing and public understanding of the central bank’s actions but also for communicating the objectives, targets and forward looking approaches of the monetary

  16. On the policy implications of changing longevity

    OpenAIRE

    2012-01-01

    Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this paper is to survey some crucial implications of changing longevity on the design of optimal public policy. For that purpose, we firstly focus on some difficulties raised by risky and varying lifetime for the represen-tation of individual and social preferences. Then, we e...

  17. Monetary Policy and Foreign Exchange Management: Reforming Central Bank Functions in Myanmar

    OpenAIRE

    Nijathaworn, Bandid; Chaikhor, Suwatchai; Chotika-arpa, Suppakorn; Sakkankosone, Suchart

    2015-01-01

    Myanmar’s macroeconomic policy framework does not adequately support the new functions of the Central Bank of Myanmar. The monetary policy regime is deficient and institutions that complement the working of a market-based economy lacking. This paper identifies 10 priority areas for reform to allow the central bank to effectively perform its emerging new functions in support of economic growth and stability. This is a three-front effort: dismantle nonmarket arrangements, especially in the fina...

  18. Monetary Policy and Foreign Exchange Management: Reforming Central Bank Functions in Myanmar

    OpenAIRE

    Nijathaworn, Bandid; Chaikhor, Suwatchai; Chotika-arpa, Suppakorn; Sakkankosone, Suchart

    2015-01-01

    Myanmar's macroeconomic policy framework does not adequately support the new functions of the Central Bank of Myanmar. The monetary policy regime is deficient and institutions that complement the working of a market-based economy lacking. This paper identifies 10 priority areas for reform to allow the central bank to effectively perform its emerging new functions in support of economic growth and stability. This is a three-front effort: dismantle nonmarket arrangements, especially in the fina...

  19. Income inequality: Implications and relevant economic policies

    Directory of Open Access Journals (Sweden)

    Arestis Philip

    2016-01-01

    Full Text Available The aim of this contribution is to discuss closely the implications of income inequality and the economic policies to tackle it, especially so in view of inequality being one of the main causes of the 2007/2008 international financial crisis and the “great recession” that subsequently emerged. Wealth inequality is also important in this respect, but the focus is on income inequality. Ever since the financial crisis and the subsequent “great recession”, inequality of income, and wealth, has increased and the demand for economic policy initiatives to produce a more equal distribution of income and wealth has become more urgent. Such reduction would help to increase the level of economic activity as has been demonstrated again more recently. A number of economic policy initiatives for this purpose will be the focus of this contribution.

  20. Policy Risk of Current Bank Bailouts in China

    Institute of Scientific and Technical Information of China (English)

    XianxinZhao

    2004-01-01

    China's banking risk is mainly driven by "moral hazard", the inherent deficiency of state ownership. The ongoing reform strategy for state-owned banks, adopted by the government, mainly aims at this target, but fails to take a correct path. Since the government still holds the controlling right of the banks, there is no evidence to show that recapitalization and initial public offering (IPO) will lead to sound practices for banking governance. Furthermore, in order to accelerate the recapitalization process, the reformers have injected a large amount of foreign exchange reserves into the state-owned banks, which consequently expands money supply and will lead to instability of future economic growth. Our conclusion is that there is a latent banking risk. China's banking reform should be in line with the external environment and the overall economic reform process, and the reformers should always keep in mind that sustainability of future economic growth is the ultimate means by which banking risk can be cushioned and absorbed.

  1. The impact of monetary policy on bank lending rate in South Africa

    Directory of Open Access Journals (Sweden)

    B.T. Matemilola

    2015-03-01

    Full Text Available The pass-through of the policy rates to bank lending rate is an important subject matter because it measures the effectiveness of monetary policy to control inflation or stabilize the economy. This study investigates the long-run interest rate pass-through of the money market rate to the bank lending rate and asymmetric adjustment of the bank lending rate. The study applies the momentum threshold autoregressive and asymmetric error correction models. The asymmetric error correction results reveal that bank lending rate adjusts to a decrease in the money market rate in South Africa. The findings suggest that the South African commercial banks adjust their lending rate downward but the lending rate appears rigid upward, which supports the customer reaction hypothesis.

  2. Central Bank forecasts and disclosure policy: Why it pays to be optimistic

    NARCIS (Netherlands)

    S.C.W. Eijffinger (Sylvester); M.F. Tesfaselassie (Mewael)

    2007-01-01

    textabstractIn a model with forward-looking behavior, we study disclosure policy when a central bank has private information on the future state of the economy. We find that the effects of advance disclosure depend on the presence of uncertainty about policy targets when the shock occurs. With uncer

  3. Implications of e-commerce for banking and finance

    NARCIS (Netherlands)

    Heng, Michael S.H.

    2001-01-01

    The aim of the paper is to show that e-commerce holds the potential totransform banking and financial systems. There are three aspects in which e-commercecan affect banking and finance. First, banks and financial firms can use thetechnology and business practice of e-commerce to market their product

  4. Interest Rate Policy Of Selected Central Banks In Central And Eastern Europe

    Directory of Open Access Journals (Sweden)

    GRABIA TOMASZ

    2015-03-01

    Full Text Available The aim of this article is to present and evaluate interest rate policies of three selected central banks in Central and Eastern Europe (Poland, the Czech Republic, and Hungary from 2001 to 2013. The study consists of an introduction (Section 1 and three main parts. The introduction contains a theoretical description of the role of interest rate policy, the dilemmas connected with it, as well as an analysis of the strategies and goals of monetary policies of the National Bank of Poland (NBP, the Czech National Bank (CzNB, and the National Bank of Hungary (NBH in the context of existing legal and institutional conditions. In turn, the first empirical part (Section 2 examines how the analysed central banks responded to changes in inflation, unemployment, and economic growth rates. The tools of the analysis are the nominal and real interest rates of those banks. The subsequent research part (Section 3 attempts to evaluate the degree of the contractionary nature of interest rate policies in specific countries in the context of the Taylor rule. The text ends with a summary (Section 4 encompassing concise conclusions drawn from the earlier analyses.

  5. The monetary policy of the European Central Bank in modern conditions

    Directory of Open Access Journals (Sweden)

    Kavitskaya Irina, L.

    2015-12-01

    Full Text Available The paper presents the monetary policy analysis of the European Central Bank (ECB under the present crisis conditions. The paper systematizes the ECB monetary policy in today's crisis and researches it at different stages of the crisis. A detailed analysis showed that the ECB's monetary policy is significantly different from the actions of other central banks during the current crisis (for example, the Federal Reserve. Thus, the ECB unconventional monetary policy combined with traditional measures, but does not replace them. Often ECB use credit easing instead of quantitative easing. The ECB's monetary policy used not only to combat the financial crisis, such as the Fed, but also to deal with the debt crisis. These features of the ECB’s monetary policy were due to both the institutional characteristics of the European Union, as well as special conditions of flow of the financial crisis in the euro zone.

  6. The impact of foreign banks on monetary policy transmission during the global financial crisis of 2008-2009: Evidence from Korea

    OpenAIRE

    Jeon, Bang Nam; Lim, Hosung; Wu, Ji

    2014-01-01

    This paper examines the impact of foreign banks on the monetary policy transmission mechanism in the Korean economy during the period from 2000 to 2012, with a specific focus on the lending behavior of banks with different types of ownership. Using the bank-level panel data of the banking system in Korea, we present consistent evidence on the buffering impact of foreign banks, especially foreign bank branches including U.S. bank branches, on the effectiveness of the monetary policy transmissi...

  7. Global health policies that support the use of banked donor human milk: a human rights issue

    OpenAIRE

    Arnold Lois DW

    2006-01-01

    Abstract This review examines the role of donor human milk banking in international human rights documents and global health policies. For countries looking to improve child health, promotion, protection and support of donor human milk banks has an important role to play for the most vulnerable of infants and children. This review is based on qualitative triangulation research conducted for a doctoral dissertation. The three methods used in triangulation were 1) writing as a method of inquiry...

  8. CONSIDERATIONS ON MONETARY POLICY HELD BY THE CENTRAL BANK TO ADOPT THE EURO

    Directory of Open Access Journals (Sweden)

    Zoicas-Ienciu Adrian

    2010-07-01

    Full Text Available The current paper presents some considerations regarding the monetary policy held by the central bank in order to obtain the declared goal of joining the European Monetary Union. The paper refers to the strategies included in the National Accession Plan, and in the Convergence Program established by the National Bank of Romania. Furthermore, the paper presents some of the recent developments and the technical developments.

  9. Rhetoric and Reality: World Bank and CIDA Gender Policies

    Science.gov (United States)

    Hales, Jennifer

    2007-01-01

    The picture the World Bank paints of the world is an optimistic one: living standards are higher than ever before, humanity is progressing, and situations for women are improving. If this is really the case, why then does "the impoverishment of hundreds of millions of people" throughout the world continue? (Chossudovsky 1997, 33). Why do "the…

  10. Implications of e-commerce for banking and finance

    OpenAIRE

    Heng, Michael S.H.

    2001-01-01

    The aim of the paper is to show that e-commerce holds the potential to transform banking and financial systems. There are three aspects in which e-commerce can affect banking and finance. First, banks and financial firms can use the technology and business practice of e-commerce to market their products to the customers. Second, e-commerce provides a business opportunity for banks to offer new products and services to serve the needs of e-commerce. Third, the new business environment associat...

  11. Negative Impacts of the Neo-liberal Policies on the Banking Sector in Bulgaria

    Directory of Open Access Journals (Sweden)

    Rossitsa Rangelova Pavlova

    2015-04-01

    Full Text Available From the beginning of the 1970s until the last global financial and economic crisis in 2008-2009, neo-liberal ideas guided economic policy development. It is worth noting that the Central and Eastern European countries transformed their economies from centrally planned to а market type at the peak of the liberal policies. Bulgaria offers a particularly interesting example because the country encountered a very difficult transition from one extreme of an economic system organization to another. The paper considers the reforms in the Bulgarian banking sector during the transition period from a centrally planned to a market type economy (from 1989 onward through the implementation of neo-liberal policies. The development of the banking sector and its transformation is analyzed throughout the two main periods: before and after the transition. The latter is divided into two sub-periods (phases beginning with the early 1990s, followed by the financial and bank crisis in the country, the introduction of a currency board regime in 1997, and stabilization, and ending with the global crisis in 2008-2009. This article summarizes that during the transition period, a modern banking system was established to accumulate profit rather than to promote economic growth. Following a chronological order, the negative effects of the liberalization of the Bulgarian banking sector are specified: the exportation of ownership (and control upon banking system assets, unfair asset redistribution, the emergence of the local oligarchy, the weak protection of the taxpayers and others.

  12. Policy implications of technologies for cognitive enhancement

    Energy Technology Data Exchange (ETDEWEB)

    Sarewitz, Daniel R. (Arizona State University, Tempe, AZ); Karas, Thomas H.

    2007-02-01

    The Advanced Concepts Group at Sandia National Laboratory and the Consortium for Science, Policy and Outcomes at Arizona State University convened a workshop in May 2006 to explore the potential policy implications of technologies that might enhance human cognitive abilities. The group's deliberations sought to identify core values and concerns raised by the prospect of cognitive enhancement. The workshop focused on the policy implications of various prospective cognitive enhancements and on the technologies/nanotechnology, biotechnology, information technology, and cognitive science--that enable them. The prospect of rapidly emerging technological capabilities to enhance human cognition makes urgent a daunting array of questions, tensions, ambitions, and concerns. The workshop elicited dilemmas and concerns in ten overlapping areas: science and democracy; equity and justice; freedom and control; intergenerational issues; ethics and competition; individual and community rights; speed and deliberations; ethical uncertainty; humanness; and sociocultural risk. We identified four different perspectives to encompass the diverse issues related to emergence of cognitive enhancement technologies: (1) Laissez-faire--emphasizes freedom of individuals to seek and employ enhancement technologies based on their own judgment; (2) Managed technological optimism--believes that while these technologies promise great benefits, such benefits cannot emerge without an active government role; (3) Managed technological skepticism--views that the quality of life arises more out of society's institutions than its technologies; and (4) Human Essentialism--starts with the notion of a human essence (whether God-given or evolutionary in origin) that should not be modified. While the perspectives differ significantly about both human nature and the role of government, each encompasses a belief in the value of transparency and reliable information that can allow public discussion and

  13. 产权、金融稳定政策与中央银行独立性%Property-rights, financial stabilization policies,and central bank independence

    Institute of Scientific and Technical Information of China (English)

    黄少安; 何坤

    2008-01-01

    This paper builds a micro-behavior model of central bank and financial institutions from the perspective of property-rights. By analyzing the theoretical model and the practice, we conclude that, in the framework of the present financial stabilization policies in China, the central bank's functions of monetary policy and financial stabilization are enslaved to financial institutions. Thus,central bank independence has been damaged because of the actual property-right relation between the central bank and the financial institutions. The policy implication is to cut off the property-right relation between the central bank and the financial institutions.%从产权角度出发,建立中央银行和金融机构的微观行为模型,通过分析和考察理论模型和现实情况,认为在中国当前金融稳定政策的框架下,由于中央银行与微观金融机构事实上的产权关系,其货币稳定和金融稳定职能均受制于微观金融机构,独立性受到损害.为了保持中央银行的独立性,必须切断其与微观金融机构的产权关系.

  14. The IMF-World Bank's economic stabilisation and structural adjustment policies and the Uganda economy, 1981-1989

    NARCIS (Netherlands)

    Nabudere, D.W.

    1990-01-01

    This research report traces all the main developments in IMF-World Bank policies in Uganda. Most of the material concerns the three IMF standby arrangements with Uganda for 1981-1984 and the World Bank Group's Structural Adjustment Programmes. These programmes introduced two contradictory policies a

  15. Global health policies that support the use of banked donor human milk: a human rights issue

    Directory of Open Access Journals (Sweden)

    Arnold Lois DW

    2006-12-01

    Full Text Available Abstract This review examines the role of donor human milk banking in international human rights documents and global health policies. For countries looking to improve child health, promotion, protection and support of donor human milk banks has an important role to play for the most vulnerable of infants and children. This review is based on qualitative triangulation research conducted for a doctoral dissertation. The three methods used in triangulation were 1 writing as a method of inquiry, 2 an integrative research review, and 3 personal experience and knowledge of the topic. Discussion of the international human rights documents and global health policies shows that there is a wealth of documentation to support promotion, protection and support of donor milk banking as an integral part of child health and survival. By utilizing these policy documents, health ministries, professional associations, and donor milk banking associations can find rationales for establishing, increasing or continuing to provide milk banking services in any country, and thereby improve the health of children and future generations of adults.

  16. Public policy for start-up entrepreneurship with venture capital and bank finance

    DEFF Research Database (Denmark)

    Keuschnigg, Christian; Nielsen, Søren Bo

    2003-01-01

    This paper proposes and analyses a model of start-up investment. Innovative entrepreneursare commercially inexperienced and can benefit from venture capital support. Only part ofthem succeed in matching with a venture capitalist while the rest must resort to standard bankfinance. We consider...... a number of policies to promote entrepreneurship and venture capitalbacked innovation.JEL Classification: D82, G24, G28, H24.Keywords: venture capital bank finance, matching, moral hazard, public policy....

  17. EVALUATION OF NATIONAL BANK OF ROMANIA MONETARY POLICY CREDIBILITY

    Directory of Open Access Journals (Sweden)

    Toader Valentin

    2008-05-01

    Full Text Available In this paper, using the models from the economic literature, the authors study the credibility level of National Bank of Romania (NRB during the time span Mars 2007 – Mars 2008. We will use three types of credibility indexes - two from the economic literature and one proposed by the authors. Also, we will emphasize the impact of unpredictable shocks - the natural calamities (drought which affected the aggregate supply in the summer of 2007 and the depreciation of RON against the euro - on the NBR credibility.

  18. Testing the Nonlinearity of the Phillips Curve. Implications for Monetary Policy

    Directory of Open Access Journals (Sweden)

    Georgiana BALABAN

    2010-04-01

    Full Text Available This paper studies the nonlinearity of the Phillips Curve and its implications for monetary policy. To investigate the trade-off between output gap and inflation volatility we used a backward-looking model type. The data for our empirical analysis is obtained from the Area Wide Model (AWM Database (from 1970 to 2008 for Euro area and National Institute of Statistics (from 2000 to 2009 for Romania and has quarterly frequency. The results of econometric tests indicate a significant estimated coefficient of the output gap for Romania, compared with the Eurozone; we find no significant evidence of nonlinearity of the Phillips curve in the European Monetary Union. This suggests that the optimal choice for European Central Bank should be a fixed inflation targeting, while the National Bank of Romania's monetary policy strategy should aim a flexible inflation targeting.

  19. Financial Markets, Banking and the Design of Monetary Policy: A Stable Baseline Scenario

    Directory of Open Access Journals (Sweden)

    Florian Hartmann

    2013-12-01

    Full Text Available A baseline integration of commercial banks into the disequilibrium framework with behavioral traders of Charpe et al. (2011, 2012 is presented. At the core of the analysis is the impact the banking sector exerts on the interaction of real and financial markets. Potentially destabilizing feedback channels in the presence of imperfect macroeconomic portfolio adjustment and heterogeneous expectations are investigated. Given the possible financial market instability, various policy instruments have to be applied in order to guarantee viable dynamics in the highly interconnected macroeconomy. Among those are open market operations reacting to the state-of-confidence in the economy and Tobin-type capital gain taxes. The need for policy intervention is even more striking, as the banking sector is modeled in a rather stability enhancing way, fulfilling its fundamental tasks of term transformation of savings and credit granting without engaging in investment activities itself.

  20. The Effect of Sharia Monetary Policy and Financing Quality on Financial Performance in Sharia Banking

    Directory of Open Access Journals (Sweden)

    Muhfiatun Muhfiatun

    2016-12-01

    Full Text Available The purpose of this research is to explain the effect of sharia monetary policy instruments and financing quality on the financial performance of sharia banks. The research sample includes Bank Muamalat Indonesia, Bank Syariah Mandiri, Bank Mega Syariah Indonesia, Bank Rakyat Indonesia Syariah, Bank Syariah Bukopin, BCA Syariah, BNI Syariah, and Bank Jabar Banten Syariah. The financial ratios used in this research are Return on Assets (ROA and Quick Ratio (QR. The financing qualities used here are murabahah, mudharabah, and musharakah. The sharia monetary policy instruments used are GWM and SBIS. The research uses Partial Least Squares as the data analysis instrument. The research result shows that the financing qualities of mudharabah and musharakah, and SBIS, do not affect ROA, while the variables of murabahah financing and GWM do affect ROA. The variable with significant effect on QR is ROA, as murabahah financing quality; GWM and SBIS; and the other two variables of musharakah and mudharabah do not affect QR. The contribution of the financing quality variables of murabahah, mudharabah, musharakah, GWM and SBIS in explaining the effect on the ROA variable is 0.071 or 7.1%, and the other 92.9% are affected by other variables not in the current research model. The contribution of murabahah, mudarabah and musyarakah, GWM and SBIS in explaining the effect on QR is 0.7578 or 75.78% and the remaining 24.22% is the effect of other variables not in this research model.     Keywords: financing quality, sharia monetary policy instrument, financing performance, ROA

  1. Reference drug programs: effectiveness and policy implications.

    Science.gov (United States)

    Schneeweiss, Sebastian

    2007-04-01

    them. This paper summarizes the mechanism and rationale of RDPs, presents evidence of their economic effectiveness and clinical safety, and concludes with some practical implications of implementing RDP policies.

  2. Central Bank Policies and the Behavior of the Money Market

    OpenAIRE

    Lamberte, Mario B.; Yap, Josef T.; Zingapan, Socorro; Untalan, Teodoro S.

    1990-01-01

    Utilizing qualitative analysis of three measures of operating efficiency, this study attempts to relate the Central Bank’s policies with the behavior of the money market. Results indicate that prior to 1981, the financial market is relatively stable but less efficient. Afterwards, the stability of monetary system has been achieved at the expense of operating efficiency. Clearly, there has been a trade-off between operating efficiency and stability.

  3. South African banks and their online privacy policy statements: A content analysis

    Directory of Open Access Journals (Sweden)

    Salah K. Kabanda

    2010-08-01

    Full Text Available In Internet banking and Internet-related transactions, security and privacy are of great concern. To alleviate these concerns, the South African government has promulgated the Electronic Communications and Transactions (ECT Act No. 25 of 2002. The Act regulates all electronic communication transactions in South Africa. Business organisations implement the Act by, for example, posting a privacy policy statement on their websites, which, in accordance with the requirements of the ECT Act, states how the organisation will use any personal identifiable information provided by the client. This study investigates whether South African banks that subscribe to the ECT Act comply with the principles relating to the protection of a consumer’s personal information. The study employed the research methods of content analysis and interviews. The findings indicate that some banks only complied with a few of the ECT Act principles, which, according to the interview respondents, undermines the levels of trust which are in play between their banks and themselves. The respondents themselves were not fully aware of all the ECT Act requirements. This lack of awareness results in consumers failing to assess the comprehensiveness of their bank’s policy statements and to what extent such banks comply with the ECT Act.

  4. The effect of monetary policy of Central Bank on activities of Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Hossein Vazifehdust

    2013-08-01

    Full Text Available This paper examines the relationship between monetary policy and activity of the Tehran Stock Exchange. The statistical population of the research consists of all companies listed in Tehran Stock Exchange and central bank monetary policy variables including time series generated by the central bank seasonally. For the purpose of data analysis, econometric autoregressive system models, and two-stage ADF regression with unit roots test, co-integration and reliability were used to determine level of effect and type of effect of the four components of monetary policy on exchange activity. The results of this study show that there is a strong relation between share price index and monetary policy variables and between monetary policy variables and trading volume. However, the relation between monetary policy variables and cash yield index was not so strong, but monetary policy variables’ effect on stock exchange activity was acceptable considering strong relation between the two first variables. It is suggested that if this work is done using non-linear models, it will yield better results.

  5. Comparison of Monetary Policy Actions and Central Bank Communication on Tackling Asset Price Bubbles-Evidence from China's Stock Market.

    Science.gov (United States)

    Sun, Ou; Liu, Zhixin

    2016-01-01

    We examine the different effects of monetary policy actions and central bank communication on China's stock market bubbles with a Time-varying Parameter SVAR model. We find that with negative responses of fundamental component and positive responses of bubble component of asset prices, contractionary monetary policy induces the observed stock prices to rise during periods of large bubbles. By contrast, central bank communication acts on the market through expectation guidance and has more significant effects on stock prices in the long run, which implies that central bank communication be used as an effective long-term instrument for the central bank's policymaking.

  6. Performance of power sectors in developing countries - a study of efficiency and World Bank policy using data development analysis

    Energy Technology Data Exchange (ETDEWEB)

    Hawdon, D.

    1996-08-01

    A substantial proportion of investment in the electric power sectors of developing countries has historically consisted of World Bank loans. At the same time, power sector lending has played a large part in the total lending of the World Bank itself. This paper uses data envelopment analysis (DEA) to construct performance measures for 82 developing countries power sectors in order to evaluate World Bank policy. It examines the effectiveness of World bank lending activity in relation to measured technical, scale and congestion efficiencies. Policies promoting the privatisation of electricity generation and the increased emphasis on lending to Sub Saharan Africa are also evaluated. 11 tabs.

  7. Variation in macronutrients in human bank milk: influencing factors and implications for human milk banking

    DEFF Research Database (Denmark)

    Michaelsen, K F; Skafte, L; Badsberg, J H;

    1990-01-01

    Protein (P), fat (F), and carbohydrate (C) concentration in expressed human bank milk was determined by infrared analysis of 2,554 samples from 224 mothers. The mean contents of P, F, C, and energy (E, calculated from P, F, and C) were 9.0 g/L, 39.0 g/L, 71.9 g/L, and 696 kcal/L, respectively...... with a high P content, we have developed a "high-protein" milk with a P content of about 12 g/L (true protein) and an E content of about 725 kcal/L. Thus, by continuous monitoring of macronutrient content in human bank milk it is possible to develop a "high-protein" milk with sufficient P and E content....... The main results were as follows: the P and F contents increased slightly with increasing body mass index of the mother, the P content decreased with increasing amounts of milk delivered to the milk bank, and the F content was higher in mothers delivering large amounts of milk. By selecting incoming milk...

  8. Central banks' use in East Asia of money market instruments in the conduct of monetary policy

    OpenAIRE

    Robert F. Emery

    1992-01-01

    The paper examines the greater use in the past decade of money market instruments in the conduct of monetary policy by the central banks, or their equivalent, in six of the main East Asian developing economies. Some of these economies have been successful in using various money market instruments to control liquidity, while others have been much less successful. A common theme in the case of the successful economies has been one of employing money market instruments that have yields based on ...

  9. IMPLICATIONS OF BANKING SUPERVISION ACROSS THE EUROPEAN MONETARY UNION, A SOVEREIGN DEBT CRISIS UPDATE

    Directory of Open Access Journals (Sweden)

    Simona Elena IAGAR

    2015-09-01

    Full Text Available The current paper analyses the latest measures taken by the main European governing bodies with regard to the banking supervision across the European Monetary Union (EMU following the ‘sovereign debt crisis’ phenomenon and its continuing effects throughout the Euro zone for the last five years. Officially preaching financial integration in order to ensure stability of the European banking system, most often the European governing bodies amplify the exact phenomena they expect to reduce doing more harm to both creditors and depositors and ultimately leading to a more fragile business banking environment. The importance of banks is acknowledged at European institutional level as main channel through which the monetary policy is triggered across EMU, therefore active measures have been taken in this regard. Questioning the extent to which these measures are legitimate and meet the purposes that they claim, constitutes the aim of the present paper. Another close linked purpose is a better understanding of what stability means, why it is important and what makes stability occur in a banking system. Having understood and set the theoretical grounds, it therefore follows easily to analyse through this glance the latest actions pursued by the European financial governing bodies focusing on the ones addressing supervision of the banking sector within EMU. The paper concludes and provides a set of recommendations by reminding the nature and role of banks for the real economy, the same objective the European financial governing bodies’ target, but which they consistently fail to meet.

  10. Russian Foreign Policy. Sources and Implications

    Science.gov (United States)

    2009-01-01

    competitors . 83 CHAPTER FOUR Russian Foreign Policy Russian leaders and policymakers most often characterize Russian for- eign policy as focused on two...by Japanese companies in Russia have continued. Of special symbolic importance was the opening of a Toyota assembly line near St. Peters- burg...Rossiia v Mire 2017 Goda, Konturi Liberal’noy Vneshney Politiki [Russia in the World of 2017 , the Contours of a Liberal Foreign Policy],” Znamya, No

  11. THE INDEPENDENCE OF CENTRAL BANKS IN CENTRAL AND EASTERN EUROPE-A MONETARY POLICY STRATEGY BASED APPROACH

    OpenAIRE

    Popescu Iulian Vasile

    2013-01-01

    The present paper aims to examine the trends of the last decade and a half of central banks independence (CBI) in Central and Eastern European countries on the road to the euro adoption and to compare the results with those identified in the case of the European Central Bank (ECB). We approached CBI from the perspective of monetary policy strategies central banks (CBs) use. The main results show increasing independence during the selected time frame for all monetary authorities subject to ana...

  12. Hazardous Times for Monetary Policy : What do Twenty-three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk?

    NARCIS (Netherlands)

    Jiminez, G.; Ongena, S.; Saurina, J.

    2007-01-01

    We investigate the impact of the stance and path of monetary policy on the level of credit risk of individual bank loans and on lending standards. We employ the Credit Register of the Bank of Spain that contains detailed monthly information on virtually all loans granted by all credit institutions o

  13. How International Monetary Fund and World Bank policies undermine labor power and rights.

    Science.gov (United States)

    Lloyd, Vincent; Weissman, Robert

    2002-01-01

    Based on reviews of hundreds of loan and project documents from the International Monetary Fund (IMF) and World Bank, this article provides detailed evidentiary support for critics who have long claimed that the international financial institutions require Third World countries to adopt policies that harm the interests of working people. After reviewing loan documents between the IMF and World Bank and 26 countries, the authors show that the institutions' loan conditionalities include a variety of provisions that undermine labor rights, labor power, and tens of millions of workers' standard of living. These include downsizing of the civil service and privatization of government-owned enterprises; promotion of labor flexibility: the notion that firms should be able to hire and fire workers, or change terms and conditions of work, with minimal regulatory restrictions; mandated wage rate reductions, minimum-wage reductions or containment, and spreading the wage gap between government employees and managers; and pension reforms, including privatization, that cut social security benefits. These labor-related policies take place in the context of broader IMF and World Bank structural adjustment packages that emphasize trade liberalization, with macroeconomic policies that further advance corporate interests at the expense of labor.

  14. Bank Size, Risk-taking and Capital Regulation in Bangladesh

    Directory of Open Access Journals (Sweden)

    Mohammad M. RAHMAN

    2015-05-01

    Full Text Available This study examines the impact of bank size on bank regulatory capital ratios and risk-taking behavior using a panel dataset of 30 Bangladeshi commercial banks over the period 2008-2012. The relationship between bank regulatory capital ratios and bank risk-taking is also examined. For empirical analysis, generalized methods of moments (GMM panel method are used to explore the relationships among bank size, regulatory capital ratios and risk-taking behavior. Empirical results show that large banks hold lower amount of capital and take higher level of risk. Findings also show a reverse relationship between bank capital levels and bank risk-taking; that is, banks holding higher levels of regulatory capital are significantly less risky. Findings of this study has important implications for the Bangladeshi government, policy makers, banking regulators and bank stakeholders regarding bank size, regulatory capital requirements and overall banking sector risk-taking behavior.

  15. Impact of the joint-stock reform of commercial banks on the effectiveness of monetary policy in China

    Directory of Open Access Journals (Sweden)

    Fang Xianming

    2016-01-01

    Full Text Available Over the past decade, the Chinese government has conducted the joint-stock reform of state-owned commercial banks. The joint-stock reform improves the marketization level of the ownership structure of commercial banks and consequently leads to impacts on the effectiveness of monetary policy. This paper first presents the impacting mechanisms of the joint-stock reform of commercial banks on the effectiveness of monetary policy and then constructs an empirical model to test those impacts. The empirical results show that the increasing degree of joint-stock reform of commercial banks enhances the effectiveness of expansionary monetary policy but weakens the effectiveness of contractionary monetary policy in China.

  16. Central bank transparency, private information and the predictability of monetary policy in the financial markets : theoretical, experimental and empirical evidence

    NARCIS (Netherlands)

    Middeldorp, M.H.

    2010-01-01

    Central banks worldwide have become considerably more communicative about their policies and forecasts. An important reason is that democratic societies expect such transparency from public institutions. Central bankers, supported by a significant body of empirical research, also believe that sharin

  17. The adaptation of monetary policy to the constraints of the global financial crisis by central banks of ASEAN-5 countries

    Directory of Open Access Journals (Sweden)

    Sorina BOTIŞ

    2015-12-01

    Full Text Available Global financial crisis represented an important test for central banks, generating multiple challenges that gave rise to both expanding their monetary policy tools and redefining its role in the financial system. The present work aims to identify the characteristics of the monetary policy by the central banks of the five countries belonging to ASEAN-5 Group(Indonesia, Malaysia, the Philippines, Singapore and Thailand, during and after the outbreak of the international financial crisis. For this purpose we carried out a comparative analysis between the five central bank s belonging to the Group, both in terms of the challenges of the monetary policy and the type of measures taken in response to the first. The analysis shows that central banks have different levels of responsibilities, corresponding to the internal economic and financial realities, and also different ways of adaptation and adjustment of their monetary policy.

  18. Research on Economics and Management%Monetary Policy,Bank Competition and Liquidity Creation

    Institute of Scientific and Technical Information of China (English)

    巴曙松; 何雅婷; 曾智

    2016-01-01

    Based on the annual unbalanced panel data of 1 1 2 domestic banks from 2006 to 201 4,this paper studied the impact of monetary policy and bank competition on liquidity creation by using the system of generalized method of moments estimation.The empirical results show that:(1 )Monetary policy tools affect liquidity creation differently.The monetary policy tools of the benchmark loan rate and deposit reserve have negative impact on liquidity creation,while the growth rate of M2 and the benchmark deposit rate have positive impact on liquidity creation;(2 )There is a “fragility channel”of China's commercial banks,and the increase on bank competition will reduce liquidity creation.The increase on bank competition will increase liquidity creation of large banks after size classification;(3 )The monetary policy has different impact on different types of banks.The increase of deposit reserve will reduce liquidity creation of joint-equity commercial banks and city commercial banks,but will increase liquidity creation of other types of commercial banks.%本文基于2006—2014年中国112家商业银行的非平衡面板数据,采用系统广义矩估计方法,研究了中国货币政策、银行竞争力对流动性创造的影响,实证结果表明:第一,不同货币政策工具对流动性创造的影响存在差异,贷款基准利率、存款准备金货币政策工具对流动性创造是反向影响,而M2增长率与存款基准率对流动性创造则是正向影响;第二,中国商业银行“脆弱性渠道”存在,竞争力的加剧会减少流动性创造,按规模分类后发现银行竞争力的加剧会增加规模较大银行的流动性创造水平;第三,货币政策对不同类型银行的传导影响存在差异,存款准备金的提高会减少股份制和城市商业银行的流动性创造,增加其他类别银行的流动性创造。

  19. Risk Implications of Energy Policy Instruments

    DEFF Research Database (Denmark)

    Kitzing, Lena

    ) and welfare economic effects. Focus lies on policy incentives for electricity generation from renewable energies that have significant influence on the risk profile of investments (such as renewable quota systems and fixed feed-in tariffs). The consequences of different policy portfolios are evaluated. We...... papers and a working paper), based on a combination of micro-economic and policy analysis. Financial theory is used for the quantitative analysis of investment problems under uncertainty, including mean-variance portfolio theory, real option analysis, Monte Carlo simulations and time series analysis...

  20. Global liquidity - concept, measurement and policy implications

    OpenAIRE

    Bank for International Settlements

    2011-01-01

    Global liquidity has become a key focus of international policy debates over recent years. This reflects the view that global liquidity and its drivers are of major importance for international financial stability. The concept of global liquidity, however continues to be used in a variety of ways and this ambiguity can lead to unfounded and potentially destabilising policy initiatives. This report analyses global liquidity from a financial stability perspective, using two distinct liquidity c...

  1. The central bank issuing policy and Fisher´s equation of exchange

    Directory of Open Access Journals (Sweden)

    Richard Pospíšil

    2013-05-01

    Full Text Available The issue of money and establishing interest rates are the main activities of central banks. Through this, the banks immediately influence the behaviour of households, companies, financial markets and the state with the impact on real outcome, employment and prices. When monitoring the issue of money, it is necessary to focus not only on its volume, but also on the attributes and functions carried by money. Among the first economists who considered the quality monetary aspect were J. Locke, D. Hume, D. Ricardo and others. The founders of modern monetarism of the 20th century were I. Fisher and M. Friedman. Fisher was the first to define the equation of monetary equilibrium in the present-day form. The objective of the paper is to point out different approaches to the equation and its modifications and different meanings of its variables. As regards the monetary aggregate M – Money – the paper also deals with the denomination of the aggregate to its various elements, which is significant for fulfilling monetary policy targets. This approach is very important especially at present in the time of crisis when central banks are performing their policy considering contradictory targets of price stability and economic growth.

  2. Climate policy implications for agricultural water demand

    Energy Technology Data Exchange (ETDEWEB)

    Chaturvedi, Vaibhav [Joint Global Change Research Inst., College Park, MD (United States); Hejazi, Mohamad I. [Joint Global Change Research Inst., College Park, MD (United States); Edmonds, James A. [Joint Global Change Research Inst., College Park, MD (United States); Clarke, Leon E. [Joint Global Change Research Inst., College Park, MD (United States); Kyle, G. Page [Joint Global Change Research Inst., College Park, MD (United States); Davies, Evan [Univ. of Alberta, Edmonton, AB (Canada); Wise, Marshall A. [Joint Global Change Research Inst., College Park, MD (United States); Calvin, Katherine V. [Joint Global Change Research Inst., College Park, MD (United States)

    2013-03-01

    Energy, water and land are scarce resources, critical to humans. Developments in each affect the availability and cost of the others, and consequently human prosperity. Measures to limit greenhouse gas concentrations will inevitably exact dramatic changes on energy and land systems and in turn alter the character, magnitude and geographic distribution of human claims on water resources. We employ the Global Change Assessment Model (GCAM), an integrated assessment model to explore the interactions of energy, land and water systems in the context of alternative policies to limit climate change to three alternative levels: 2.5 Wm-2 (445 ppm CO2-e), 3.5 Wm-2 (535 ppm CO2-e) and 4.5 Wm-2 (645 ppm CO2-e). We explore the effects of two alternative land-use emissions mitigation policy options—one which taxes terrestrial carbon emissions equally with fossil fuel and industrial emissions, and an alternative which only taxes fossil fuel and industrial emissions but places no penalty on land-use change emissions. We find that increasing populations and economic growth could be anticipated to almost triple demand for water for agricultural systems across the century even in the absence of climate policy. In general policies to mitigate climate change increase agricultural demands for water still further, though the largest changes occur in the second half of the century, under both policy regimes. The two policies examined profoundly affected both the sources and magnitudes of the increase in irrigation water demands. The largest increases in agricultural irrigation water demand occurred in scenarios where only fossil fuel emissions were priced (but not land-use change emission) and were primarily driven by rapid expansion in bioenergy production. In these scenarios water demands were large relative to present-day total available water, calling into question whether it would be physically possible to produce the associated biomass energy. We explored the potential of improved

  3. A different route to health: implications of transport policies

    Energy Technology Data Exchange (ETDEWEB)

    Dora, Carlos [World Health Organisation, European Centre for Environment and Health, Rome (Italy)

    1999-06-19

    This paper presents a review of the health implications of transport policies covering the health benefits of walking and cycling, the high level of accidents and injuries related to cars, the impact of road transport on climate change and air pollution, the noise factor, and psychosocial effects due to busy streets discouraging walking and cycling. The need to evaluate the health costs of transport policies is examined. (uk)

  4. Implications of Electronic Commerce for Fiscal Policy

    Science.gov (United States)

    Goolsbee, Austan

    In this chapter, I will consider both sides of the relationship between electronic commerce and fiscal policy. For the impact of electronic commerce on fiscal policy, I will pay particular attention to the potential sales-tax revenue losses. The data suggest that the potential losses are actually modest over the next several years. I will also consider the reverse relationship - how fiscal policy affects Internet commerce. Here the evidence suggests that taxes have a sizable effect. I point out, though, that this only supports special treatment if there is some positive externality. Without one, the tax system will lead to excessive online buying to avoid taxes. I will then deal the neglected issue of taxes and Internet access, which can create large deadweight costs both because demand may be price-sensitive and because taxes can slow the spread of new technologies. Finally, I offer some discussion of the international context of taxes and the Internet and the international temptations to raise rates on E-commerce.

  5. Bioavailability: implications for science/cleanup policy

    Energy Technology Data Exchange (ETDEWEB)

    Denit, Jeffery; Planicka, J. Gregory

    1998-12-01

    This paper examines the role of bioavailability in risk assessment and cleanup decisions. Bioavailability refers to how chemicals ''behave'' and their ''availability'' to interact with living organisms. Bioavailability has significant implications for exposure risks, cleanup goals, and site costs. Risk to human health and the environment is directly tied to the bioavailability of the chemicals of concern.

  6. Anti-crisis Regulation, Banking Supervision and Monetary Policy in the Mechanism of Ensuring Financial Stability of the Banking System

    OpenAIRE

    Dovgan Zhanna N.

    2013-01-01

    The article develops a scheme of correlations of subjects of anti-crisis regulation and tools of support of financial stability of the banking system of Ukraine (FSBS). It analyses instruments of influence of the bodies of state regulation on financial stability of the banking system of Ukraine. It develops proposals with respect to improvement of the banking supervision in the context of ensuring FSBS of Ukraine. It studies interdependence between the type of the mode of national regulatory ...

  7. Public banking of umbilical cord blood or storage in a private bank: testing social and ethical policy in northeastern Italy

    Directory of Open Access Journals (Sweden)

    Parco S

    2013-04-01

    determination method. We found that the chemiluminescence method was more specific (97.0% than the TPHA (83.0% and nontreponemal rapid plasma reagin VDRL (75.0% tests (P < 0.05, χ2 test. The specificity link between the two automatic methods versus microscopes for WBC dosing and NRBC interference was r2 = 0.08 (ADVIA 120 and r2 = 0.94 (XE-2100. The public system does not include human T-cell lymphotropic virus testing; this is reserved for the population from endemic zones. Conclusion: In northeastern Italy current legislation prevents the establishment of private fee-based banks for storage of CB-SC. The cryopreservation, for future autologous personal or family use, is possible only by sending to foreign private banks, with a further fee of €300. These regulations confirm that Italian legislation tries to increase the anonymous allogenic donations and the number of CB-CS bags stored in the free-cost public system, that are available to anyone with therapeutic needs. Private banking is used almost exclusively by the wealthier local population. In the public system, many physicians continue to use older Italian laws regarding syphilis diagnosis, and NRBC interference on WBC count may have an impact on cord blood harvesting. Our findings suggest that in the EU there is no consensus policy on donor management. The value of storage for potential use within the family is useful only with collaboration between the public and the private systems. Keywords: cord blood collection, public system, private system, pregnant women's choice

  8. A Need for Renewed and Cohesive US Policy on Cord Blood Banking.

    Science.gov (United States)

    Matsumoto, Monica M; Matthews, Kirstin R W

    2015-12-01

    Stem cells obtained from umbilical cord blood (CB) are used to treat more than 80 different diseases and are a standard treatment for many types of leukemias, lymphomas, myelodysplasias, and inherited immune system disorders. CB transplants have been carried out in humans for over 25 years, and hundreds of clinical trials are currently underway investigating CB's therapeutic potential for a wide range of disorders, including autism, diabetes, cerebral palsy, and spinal cord injury. Extensive storage facilities have been established in the United States and around the world to collect, test, and freeze CB for later use in medical procedures. However, a divide between two different banking models-public versus private-has emerged, presenting several policy challenges. While the Food and Drug Administration currently regulates CB storage and use in the United States, other state and federal guidelines on CB education, awareness, and ethical considerations remain variable, and no mandatory international guidelines exist. In addition, federal funding for an important CB collection initiative that specifically targets minority populations is set to expire by the end of FY2015. To help organize and coordinate efforts across the United States and other nations, policymakers should implement regulations for: high quality standards for both private and public CB banks, a commitment to ethical practices, and an investment in educational campaigns and training programs for all steps of the CB banking process.

  9. Policy Implications from an Evaluation of Seat Belt Use Regulation.

    Science.gov (United States)

    Desai, Anand; You, Min-Bong

    1992-01-01

    Effects of Ohio's mandatory seat belt law on seat belt use, number of car accidents, and number of fatal and severe injuries were evaluated for January 1982 through March 1988. The monthly average number of accident victims was 2,002. Implications for public policy formulation and implementation are discussed. (SLD)

  10. Understanding Homophobic Behavior and Its Implications for Policy and Practice

    Science.gov (United States)

    Poteat, V. Paul; Russell, Stephen T.

    2013-01-01

    In this article, we consider recent advances in scholarship on homophobic bullying, and implications for policy and practice. We first consider toward whom homophobic behavior is directed, drawing attention to the nuances among LGBT youth, and the realities of homophobic bullying for heterosexual or straight youth. We review the correlates or…

  11. Youth Victimization: Implications for Prevention, Intervention, & Public Policy

    Science.gov (United States)

    Fitzgerald, Monica M.; Danielson, Carla Kmett; Saunders, Benjamin; Kilpatrick, Dean G.

    2007-01-01

    Following violence exposure, an interplay of personal, familial, and social factors may serve to either promote or undermine child psychosocial adjustment. This article provides a review of youth victimization, with implications for prevention, intervention, and public policy discussed. (Contains 1 table.)

  12. Innovation and inter-firm linkages : new implications for policy

    NARCIS (Netherlands)

    Nooteboom, B

    1999-01-01

    This article discusses the implications for competition, innovation and learning of different forms of inter-firm linkage, ways to govern them, different 'generic systems' of innovation, and government policy. It employs a transformed theory of transactions that can deal with innovation and learning

  13. Cost effectiveness of GHG mitigation options and policy implication

    Energy Technology Data Exchange (ETDEWEB)

    Lim, K. S. [Korea Institute for Industrial Economics and Trade, Seoul (Korea, Republic of)

    1998-04-01

    This paper represents the summary findings and conclusions of several studies implemented about microeconomics and macroeconomics marginal costs of GHG abatement policies. Financial, economic, and, where possible, environmental microeconomics costs of reducing GHGs are estimated by a World Bank team. Six energy-related CO{sub 2} mitigation policy options are applied to estimate the macroeconomics costs of GHG emission reduction, the macroeconomics impacts on the Chinese economy. In terms of policy, conservation is a better option to cope with a restrictive mitigation constraint, assuming a developing country can achieve planned energy-saving targets. Without a CO{sub 2} emission constraint or with less restrictive CO{sub 2} emission constraints, however, the simulation results indicate that a conservation strategy may be less attractive than fuel substitution in a developing country, mainly due to the economic dampening effect of reduced production in the energy sectors. This finding suggests that an often-cited costless or negative-cost energy conservation policy may not be a better option when a less restrictive mitigation target is in force. This does not mean that the potential for energy efficiency improvements in a developing country is not worthwhile, but that the overall macroeconomics impacts should be considered before implementing the policy option. (author). 9 refs., 3 figs., 3 tabs.

  14. SYSTEMIC CRISIS MANAGEMENT AND THE IMPACT ON MONETARY POLICY. THE INVOLVEMENT OF CENTRAL BANKS. AN EMPIRICAL ANALYSIS

    Directory of Open Access Journals (Sweden)

    Adriana GIBA

    2011-09-01

    Full Text Available In a systemic crisis, many institutions in the financial system may face a lack of liquidity and central banks, as lenders of last resort, have to support them in order to ensure their financial stability. The question is: To what extent the involvement of central banks in systemic crises management, by providing liquidity to credit institutions, affects their ability to accomplish the central goal of monetary policy - price stability?To answer this question, through this study, we conducted an empiricalanalysis on the effect which central banks’ involvement in systemic crises management, through liquidity support, has on monetary policy objectives, mainly on price stability. Using a principal components analysis, we built a Monetary policy index and we developed a regression model between this index and the liquidity support provided by central banks in systemic crises.The conclusion we reached is that the provision of liquidity by the central bank to banking institutions in the system affects its monetary policy objectives only on the short -term. Specifically, providing liquidity support leads to an increase in both monetary aggregates and consumer price index in the first two years of the crisis, after which there is a significant dilution of this impact.

  15. Water Banks: Using Managed Aquifer Recharge to Meet Water Policy Objectives

    Directory of Open Access Journals (Sweden)

    Sharon B. Megdal

    2014-05-01

    . This paper describes water banking in Arizona from a policy perspective and identifies reasons for its implementation. It goes on to explore conditions under which water banking could successfully be applied to other parts of the world, specifically including Australia.

  16. Offshore Banking in the Caribbean by U.S. Commercial Banks: Implications for Government-Business Interaction

    OpenAIRE

    Anindya K Bhattacharya

    1980-01-01

    The purpose of this article is to analyze the current offshore banking operations in the Caribbean by major U.S. commercial banks and to assess their problems and prospects in the future. Specifically, the study examines the aggregate sources and uses of offshore funds in the Caribbean, analyzes the national regulations and incentives applying to offshore banking, assesses the impact of this market on the economic development of the Southern Hemisphere, explores the factors that will shape th...

  17. The application of the environmental and social standards (safeguard policies) of the World Bank to pipeline projects

    Energy Technology Data Exchange (ETDEWEB)

    Nickel, E. [Elke Nickel Consultant, Leipzig (Germany); Robelus, R. [World Bank, Washington, DC (United States)

    2004-07-01

    In 1998, the World Bank applied environmental and social standards in connection with dam and pipeline projects. Their position on international lending was consolidated by the strict application of safeguard policies. This paper focused on the use of safeguard policies in pipeline projects during the planning and implementation phases. The standards have been analyzed according to the role of safeguard policies in the examination for credit rating; the structure and nature of the safeguard policies; and, new trends in the application of standards. The example of the Baku-Tiblisi-Ceyhan oil pipeline was presented along with the requirements established under the World Bank Operational Directive (OP) 4.01 on environmental assessment. In 2003, the largest internationally active commercial banks voluntarily complied with the World Bank standards in major projects. The safeguard policies of the World Bank refer to standards which are the foundation for environmental and ecological risk assessment in the context of credit-rating reviews. Although the safeguard policies were modeled largely on the specifications of the United States Environmental Protection Act, they requires consideration of the national legislation of the host country, and ratified international environmental agreements. The following elements compose the development of a financing model for credit rating review: internal check of the pipeline project; discussion of the project outline with financing institutions; execution of feasibility studies; project-preparatory phase; and, conclusion of contracts. The safeguards include procedural and qualitative guidelines for environmental assessment, natural habitats, pest management, cultural property, indigenous people, involuntary resettlement, forestry, dam safety, international waterways, disputed areas, and information disclosure. 8 refs., 1 tab., 3 figs.

  18. Structural adjustment programmes on the African continent : the theoretical foundations of IMF/World Bank reform policies

    NARCIS (Netherlands)

    Meilink, H.A.

    2003-01-01

    Since the early 1980s the majority of countries in sub-Saharan Africa embarked on the implementation of IMF/World Bank designed 'structural adjustment programmes' (SAPs). This paper examines the theoretical underpinnings of the SAPs. It shows that IMF policies are based on a theoretical framework th

  19. Interrogating an Omission: The Absence of a Rights-Based Approach to Education in World Bank Policy Discourse

    Science.gov (United States)

    Menashy, Francine

    2013-01-01

    This study provides a discursive analysis of World Bank policy documents in order to reveal the stark omission of a rights-based approach to education, while highlighting instead the support of an economic-instrumentalist approach. Plausible explanations are provided to shed light on this exclusion, including the feasibility critique of education…

  20. GROWTH ECONOMIC MODELS AND THEIR IMPLICATIONS TO FINANCIAL POLICY DURING TRANSITION. ATHEORETICAL APPROACH

    Directory of Open Access Journals (Sweden)

    BOGDAN FIRTESCU

    2012-05-01

    Full Text Available During 1989, the moment of changes in Eastern Europe, in socialist countries political system were transformed, by renouncing communism, and adopting market based economy. The process had major implications on economic systems in countries such Romania, Bulgaria, Hungary, Poland, Czechoslovakia, that from that moment engaged in wide-ranging political, social, economic and institutional reforms. The year 1989 also marked the beginning of the transition from socialist economy to a market economy to centralized countries mentioned, a process with profound implications on the economic system and financial default. This important structural reforms necessary functioning new economic framework and assumed behavior modification specific old economy, focused on socialist property, presumably achieve in conditions of relative stability allowing rapidly and sustainable growth. This paper takes into discussion some models used by FMI and World Bank (WB that had implications on financial policy applied in transition country, referring to absorption theory, monetary approach to balance of payment and stabilization programs, as short terms models, respectively.

  1. FISCAL - BUDGETARY POLICY IMPLICATIONS ON THE SUSTAINABLE ECONOMIC RELAUNCH

    Directory of Open Access Journals (Sweden)

    CHIRCULESCU MARIA FELICIA

    2014-05-01

    Full Text Available This paper aims to highlight the implications of fiscal policy and budgetary measures on the Romanian economy after its inclusion on the coordinates of the market economy. Thus, we analyzed the evolution of macroeconomic indicators in conjunction with fiscal measures adopted. The research shows that the measures adopted in fiscal plan were passed on the economy, the effects of registration are often contrary to those expected. Giving a leading role financial tax system generally increased tax burden, accompanied by a low collection rate, repeated changes in tax laws and poor economic conditions concrete. In this context, the creation, allocation and optimal redistribution of budget resources are useful elements in the sustainable recovery of economic growth. I believe that fiscal policy is a permanent policy contestable numerous debates about the effectiveness of using a tax system for purposes other than financial concern namely monetary resources needed to cover expenditure for social or collective needs. Fiscal integrity in the decision process of traders produce permanent changes in their original condition, a change in behavior due to their concern objectively to find those ways of organizing and selling activities to generate the lowest tax burden. I appreciate that fiscal policy remains a tool of macroeconomic adjustment to national authorities. This means that the responsibility of maintaining budgetary balance and the responsibility of maintaining balance in the real economy will always return to the National Government.

  2. Seed banks in desert grasslands and implications for management with an application to education and outreach

    Science.gov (United States)

    Ortiz-Barney, Elena

    Large areas of desert grasslands in the southwestern United States have been converted to shrublands through mismanagement. Land managers are interested in the potential for restoring these areas to grasslands. One possible source of new individuals of desirable grasses is the soil seed bank. This study was designed to investigate the quantity and spatial distribution of seeds in the soil seed bank and to estimate the possible effects of fire on the seed bank. To investigate the seed bank, soil samples were collected from sites with different vegetative cover representing a range of grassland conditions. At each site samples were collected from 3 microsites (under grasses, under shrubs, and interspaces) and separated into 3 depths (litter, 0--2 cm and 2--5 cm). Samples were grown in a growth chamber and plants were identified after emergence and flowering. To investigate the effects of prescribed burns on the seed bank, soil and surface temperatures during burns were measured at each microsite. Also, the heat tolerance of seeds of 8 species of perennial grasses was assessed by quantifying germination rates across a temperature gradient. Eleven species of perennial grasses germinated from soil and litter samples. Only 5 were abundant: the exotics Eragrostis curvula and E. Lehmanniana, and the natives E. intermedia, Lycurus setosus and Sporobolus cryptandrus. Most seed, as well as highest species richness, occurred in the litter layer and under shrubs. Temperatures during prescribed burns were highest in these same microsites, reaching averages between 100° and 250° Celsius (C). None of the species tolerated temperatures above 100°C. The implication of these results is that most grass seed reserves are stored in microsites that are likely to experience temperatures above their heat tolerance. Land managers should take this into account as a possible risk associated with using prescribed burns as part of their restoration efforts. As an application of this work to

  3. BASEL III – IMPLICATIONS OF THE NEW AGREEMENT UPON THE BANKING SYSTEMS

    Directory of Open Access Journals (Sweden)

    VLADA RAMONA IOANA

    2013-12-01

    Full Text Available Global banking crisis generated by the subprime crisis in the U.S., received in December 2010, as a response from the Committee on Banking Supervision of the Bank for International Settlements, new capital adequacy rules for banks under the Basel III title: International framework for measurement, standardization and monitoring of liquidity risk, and Basel III: A global regulatory framework for banks and a sounder banking system with new capital adequacy rules for banks. These regulations are the focus of global financial reform to prevent future occurrence of banking crises.

  4. The Japanese Banking Crisis and Economic Growth: Theoretical and Empirical Implications of Deposit Guarantees and Weak Financial Regulation

    OpenAIRE

    Dekle, Robert; Kenneth, Kletzer

    2003-01-01

    An endogenous growth model with financial intermediation is used to show how government policies towards the financial sector can lead to banking crises and persistent growth slumps. The model shows how government deposit guarantees and regulatory forbearance can lead to permanent declines in the growth rate of the economy. The effects of inadequate prudential supervision on asset price dynamics under perfect foresight are also derived in the model. The policies that are used in the analysis ...

  5. The Policies of the IMF and the World Bank and the Rights of Peoples

    Directory of Open Access Journals (Sweden)

    Antoni Pigrau Solé

    1995-07-01

    Full Text Available 50 years after the holding of the Bretton Woods Conference which gave way to the creation of the International Monetary Fund (IMF and the World Bank (WB, it would seem appropriate to evaluate their track record in the light of International Law and the Rights of peoples. The enormous impact that the activities of both organisms have had and still have on the living conditions of millions of people throughout the world make such an evaluation necessary.Through an analysis of the juridical nature of the IMF and the WB together with a detailed look at its aims as well as its capacity to make decisions and the results of its actions, an attempt is made to show that these organizations do not conform -neither in their operation nor behaviour nor in the results to which these lead- to fundamental rules of International Law and that they are, as a consequence, technically responsable for such non-fulfillment to these rules and should be made to be so to full effects. However, in the current international context, it would be, politically speaking,almost implausible to raise the question of their legal responsibility and is, furthermore very difficult to do so from a legal point of view. What is questioned here is not only the management of the IMF and the WB but also its very own configuration and the essence of the concepts and the policies which they apply.

  6. Health policy implications of the holistic health movement.

    Science.gov (United States)

    Salmon, J W; Berliner, H S

    1980-01-01

    A forthright rebellion against the philosophical and clinical orientations of scientific medicine has occurred in the United States during the 1970s. This rebellion includes a growing number of people engaged in self-care practices in attempts to alter their health status through "lifestyle" adjustments, as well as a diverse amalgamation of practitioners (both medical and otherwise), who offer a wide range of therapies outside the mainstream of modern medical practice. Holistic health care has lately become the rubric under which these therapies are grouped. Scientific medicine is the term commonly used to refer to procedures officially sanctioned by the organized medical profession. In the late 19th century, scientific medicine emerged as an advance beyond allopathic medicine after germ theory provided an explanation and, later treatment for infectious diseases. Financial support by private philantropic foundations came in the wake of the Flexner Report on medical education, which provoked a reorganization of medical education in the United States. The subsequent hegemony of scientific medicine thus became assured. To date, few policy analysts have attempted to assess holism and its health policy implications. This article delineates several of the more important policy issues raised by the holistic movement, a phenomenon that represents a challenge to the present organization of health care institutions as well as to scientific medicine.

  7. Bank Finance For Small And Medium-Sized Enterprises In Sri Lanka: Issues And Policy Reforms

    Directory of Open Access Journals (Sweden)

    Gamage Pandula

    2015-08-01

    Full Text Available Access to bank finance is necessary to create an economic environment that enables Small and Medium-sized enterprises (SMEs to grow and prosper. The SMEs in Sri Lanka, however, face significant constraints to access bank finance. The purpose of this paper is to investigate the access to bank finance and related issues in the SME sector of Sri Lanka. The paper is exploratory in nature and reviews the bank financing situation for SMEs in Sri Lanka, as well as provides an overview of constraints faced by the banks (supply-side and SMEs (demand-side. The paper also highlights some good practices in SME lending from international experience and outlines some recommendations to help overcome the constraints faced by the banks and SMEs. The recommendations discussed in this paper may be of importance to policymakers, not only in Sri Lanka, but in many other developing countries in a similar stage of economic growth.

  8. Top income shares in Canada: recent trends and policy implications.

    Science.gov (United States)

    Veall, Michael R

    2012-11-01

    According to Canadian taxfiler data, over the last thirty years there has been a surge in the income shares of the top 1%, top 0.1% and top 0.01% of income recipients, even with longitudinal smoothing by individual using three- or five-year moving averages. Top shares fell in 2008 and 2009, but only by a fraction of the overall surge. Alberta, British Columbia, and Ontario have much more pronounced surges than other provinces. Part of the Canadian surge is likely attributable to U.S. factors, but a comprehensive explanation remains elusive. Even so, I draw implications for policies that might achieve some support from across the political spectrum, including the elimination of tax preferences that favour those with high incomes, the promotion of shareholder democracy and, to maintain Canada's relatively high intergenerational mobility, continued wide accessibility to healthcare and education.

  9. International Monetary Fund and World Bank policies can hurt poor, study says.

    Science.gov (United States)

    Drajem, M

    2001-01-01

    According to a study by a World Bank economist, developing countries that do not follow International Monetary Fund and World Bank economic programs have seen more of their people lifted out of poverty in times of economic growth than have countries that do take the advice of these lenders.

  10. POLICIES OF THE COMMERCIAL BANKS LIQUIDITY MANAGEMENT IN THE CRISIS CONTEXT

    Directory of Open Access Journals (Sweden)

    Paun Dragos

    2009-05-01

    Full Text Available The article focuses on liquidity management in Commercial Banks, and presents the steps that a good management has to follow to ensure that the position of the bank is not put into jeopardy following a lack of liquidity. Different management decisions and

  11. Uncommon Knowledge: World Bank Policy and the Unmaking of the Knowledge Economy in Africa

    Science.gov (United States)

    Obamba, Milton O.

    2013-01-01

    The World Bank is clearly one of the most influential global intergovernmental operators for international development assistance. In recent decades, the Bank and other agencies have invested immense technical and financial resources in a troubled and unprecedented mission of revitalizing and restructuring the development of education in Africa. A…

  12. Projecting the future of Canada's population: assumptions, implications, and policy

    Directory of Open Access Journals (Sweden)

    Beaujot, Roderic

    2003-01-01

    Full Text Available After considering the assumptions for fertility, mortality and international migration, this paper looks at implications of the evolving demographics for population growth, labour force, retirement, and population distribution. With the help of policies favouring gender equity and supporting families of various types, fertility in Canada could avoid the particularly low levels seen in some countries, and remain at levels closer to 1.6 births per woman. The prognosis in terms of both risk factors and treatment suggests further reductions in mortality toward a life expectancy of 85. On immigration, there are political interests for levels as high as 270,000 per year, while levels of 150,000 correspond to the long term post-war average. The future will see slower population growth, and due to migration more than natural increase. International migration of some 225,000 per year can enable Canada to avoid population decline, and sustain the size of the labour force, but all scenarios show much change in the relative size of the retired compared to the labour force population. According to the ratio of persons aged 20-64 to that aged 65 and over, there were seven persons at labour force ages per person at retirement age in 1951, compared to five in 2001 and probably less than 2.5 in 2051. Growth that is due to migration more so than natural increase will accentuate the urbanization trend and the unevenness of the population distribution over space. Past projections have under-projected the mortality improvements and their impact on the relative size of the population at older age groups. Policies regarding fertility, mortality and migration could be aimed at avoiding population decline and reducing the effect of aging, but there is lack of an institutional basis for policy that would seek to endogenize population.

  13. CURRENT STATUS AND POLICY IMPLICATIONS FOR FOSTERING SOCIAL ENTREPRENEUR

    Directory of Open Access Journals (Sweden)

    Yoon-Doo Kim

    2012-01-01

    Full Text Available In this study, problems in current status of social entrepreneurs in Korea were examined and further policy issues for them were suggested as well. For the methodology, the study analyzed the drawbacks and policy implication of fostering social entrepreneurs through Focus Group Interview (FGI on analysis of present condition of incubating social entrepreneur and programs for it. First, it should escape from personnel expense-centered one and convert to ecosystem-centered or division-centered project in the direction of the government for fostering social entrepreneurs, putting emphasis on follow-up management and evaluation. Second, it must suggest a standard model for social entrepreneur promotion project. In other words, the projects with low performance should be reduced and education models appropriate for new circumstances and changes must be adopted through not only programs standardized in divisions, categories and local provinces, but also appointing expert instructors and project evaluation. Third, it’s necessary to propose specific guideline for detailed education operation according to education trainee and objectives of social entrepreneur. Fourth, it is needed to have more various contents development and distribution by strengthening support for specialized foundation, management and case studies related to fostering social entrepreneurs. Finally, it is even more required to spread awareness on social economics relating to programs for fostering social entrepreneur. With the long-term perspective, it is needed to render policy and specialization for fostering Korean-model social entrepreneurs, which is able to raise competent social entrepreneurs suitable for each stage of growth such as sourcing, incubation and launching social entrepreneurs.

  14. THE INDEPENDENCE OF CENTRAL BANKS IN CENTRAL AND EASTERN EUROPE-A MONETARY POLICY STRATEGY BASED APPROACH

    Directory of Open Access Journals (Sweden)

    Popescu Iulian Vasile

    2013-06-01

    Full Text Available The present paper aims to examine the trends of the last decade and a half of central banks independence (CBI in Central and Eastern European countries on the road to the euro adoption and to compare the results with those identified in the case of the European Central Bank (ECB. We approached CBI from the perspective of monetary policy strategies central banks (CBs use. The main results show increasing independence during the selected time frame for all monetary authorities subject to analysis, regardless of the applied monetary policy strategy; superior average levels of CBI in CEE countries oriented to inflation targeting compared to those using the exchange rate as nominal anchor; higher degree of independence of ECB in relation to monetary authorities that use an inflation targeting strategy; the simultaneous presence of a significant level of independence, low inflation and stronger economic development in CEE members where CB is geared towards inflation targeting compared to CBs that implement a strategy of exchange rate targeting.

  15. Geo hazard studies and their policy implications in Nicaragua

    Science.gov (United States)

    Strauch, W.

    2007-05-01

    Nicaragua, situated at the Central American Subduction zone and placed in the trajectory of tropical storms and hurricanes, is a frequent showplace of natural disasters which have multiplied the negative effects of a long term socioeconomic crisis leaving Nicaragua currently as the second poorest country of the Americas. In the last years, multiple efforts were undertaken to prevent or mitigate the affectation of the natural phenomena to the country. National and local authorities have become more involved in disaster prevention policy and international cooperation boosted funding for disaster prevention and mitigation measures in the country. The National Geosciences Institution (INETER) in cooperation with foreign partners developed a national monitoring and early warning system on geological and hydro-meteorological phenomena. Geological and risk mapping projects were conducted by INETER and international partners. Universities, NGO´s, International Technical Assistance, and foreign scientific groups cooperated to capacitate Nicaraguan geoscientists and to improve higher education on disaster prevention up to the master degree. Funded by a World Bank loan, coordinated by the National System for Disaster Prevention, Mitigation and Attention (SINAPRED) and scientifically supervised by INETER, multidisciplinary hazard and vulnerability studies were carried out between 2003 and 2005 with emphasis on seismic hazard. These GIS based works provided proposals for land use policies on a local level in 30 municipalities and seismic vulnerability and risk information for each single building in Managua, Capital of Nicaragua. Another large multidisciplinary project produced high resolution air photos, elaborated 1:50,000 vectorized topographic maps, and a digital elevation model for Western Nicaragua. These data, integrated in GIS, were used to assess: 1) Seismic Hazard for Metropolitan Managua; 2) Tsunami hazard for the Pacific coast; 3) Volcano hazard for Telica

  16. The Global Financial and Economic Crisis: Analysis and Policy Implications

    Science.gov (United States)

    2009-02-20

    losses was the US$5 billion capital injection into Citibank and Merrill Lynch in 2008, which fell to US$2.2 billion before returning to its current...the amount. October 3. Wells Fargo Bank announced a takeover of Wachovia Corp, the fourth-largest U.S. bank. (Previously, Citibank had agreed to take

  17. 12 CFR 225.143 - Policy statement on nonvoting equity investments by bank holding companies.

    Science.gov (United States)

    2010-01-01

    ... or indirectly owns, controls, or holds with power to vote 25 per cent or more of the voting shares of... leave management free to conduct banking and permissible nonbanking activities. Another step to...

  18. 12 CFR 1261.11 - Conflict-of-interests policy for Bank directors.

    Science.gov (United States)

    2010-01-01

    ... directors to administer the affairs of the Bank fairly and impartially and without discrimination in favor... the appearance of intending to influence the director's actions as a member of the board....

  19. A longitudinal study of human milk composition in the second year postpartum: implications for human milk banking.

    Science.gov (United States)

    Perrin, Maryanne T; Fogleman, April D; Newburg, David S; Allen, Jonathan C

    2017-01-01

    While the composition of human milk has been studied extensively in the first year of lactation, there is a paucity of data regarding human milk composition beyond one year postpartum. Policies vary at milk banks around the world regarding how long lactating women are eligible to donate their milk. The primary purpose of this study is to describe longitudinal changes in human milk composition in the second year postpartum to support the development of evidence based guidelines regarding how long lactating women can donate human milk to a milk bank. Nineteen lactating women in North Carolina provided monthly milk samples from 11 months to 17 months postpartum (N = 131), and two non-profit milk banks provided (N = 33) pooled, unpasteurized milk samples from 51 approved donors less than one year postpartum. There was a significant increase (P milk between 11 and 17 months postpartum, while zinc and calcium concentrations declined, and no changes were observed in lactose, fat, iron and potassium. Human milk in the second year postpartum contained significantly higher concentrations of total protein, lactoferrin, lysozyme and Immunoglobulin A, than milk bank samples, and significantly lower concentrations of zinc, calcium, iron and oligosaccharides. Accepting milk bank donations beyond one year postpartum is a potential strategy for increasing the supply of donor milk, but may require mineral fortification.

  20. Capital adequacy implications on Islamic and non-Islamic bank's behavior: Does market power matter?

    Directory of Open Access Journals (Sweden)

    Salma Louati

    2015-09-01

    Full Text Available After each crisis, reforms are carried out to prevent a new episode of financial crises. In this context, our objective in this study is to examine and simultaneously compare the behavior of Islamic and conventional banks in relation to the ratio of the capital adequacy in different competitive circumstances. We used data from 12 MENA and South East Asian countries characterized by the coexistence of Islamic and conventional banks. We concluded that the funding ratio has a significant impact on the behavior of 70 conventional banks and 47 Islamic banks. However, competitive conditions have no significant effect on the relationship between the weighted assets ratio and Islamic bank behavior, which means that this type of banks is applying theoretical models based on the prohibition of the interest.

  1. Public Procurement Policy: Implications for Theory and Practice

    OpenAIRE

    Snider, Keith F; Rendon, Rene G.

    2008-01-01

    This paper proposes a conceptual framework for the study of public procurement policy. It reviews policy-related writings by public procurement scholars and assesses these works from the perspective of their contributions to generalized understandings of public procurement policy. Selected tools and concepts from the policy sciences are applied to propose a model to illuminate unique aspects of public procurement policy in ways that will facilitate its study. The paper concl...

  2. Nonlinear Monetary Policy Rules: An Essay in the Comparative Study on Egyptian and Tunisian Central Banks

    Directory of Open Access Journals (Sweden)

    Yosra Baaziz

    2016-04-01

    Full Text Available The purpose of this paper is to evaluate the behavior of monetary authorities in Tunisia and Egypt, in response to changes in macroeconomic variables over time based on LSTR model. In this sense, we estimate Taylor-type equations for short-term interest rate in Tunisia and Egypt using quarterly data covering the period 1998.Q4–2013.Q2. We find strong evidence that the real decision-making process followed by these central banks varies from one central bank to another and that it exhibits nonlinear patterns that better capture special events and unexpected contingencies i.e., the terrorist attack in the US in September 2001, the global financial crisis in 2008, and the effect of political instability with the onset of the revolution. Additionally, the presence of asymmetries in the reaction function of the Tunisian and Egyptian Bank requires disconnection from their automatic pilot rules and use of judgement to make decisions.

  3. 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.

  4. Approach to the development policy of reserve requirements of central banks

    Directory of Open Access Journals (Sweden)

    Sandoyan Edward, M.

    2015-06-01

    Full Text Available The author discusses the unprecedented growth of the global financial sector, the way to overcome the financial crisis with the help of regulatory mechanism of compulsory redundancy of Bank obligations, which does not allow to form financial pyramids.

  5. 76 FR 35959 - Capital Adequacy Guidelines; Small Bank Holding Company Policy Statement: Treatment of...

    Science.gov (United States)

    2011-06-21

    ... of Senior Perpetual Preferred Stock because, under the Internal Revenue Code, S-Corp BHCs may not... cannot issue Senior Perpetual Preferred Stock ] because of their mutual ownership structure. \\4\\ Through the CPP, Treasury invested in newly issued senior perpetual preferred stock of banking...

  6. Frictions, Persistence, and Central Bank Policy in an Experimental Dynamic Stochastic General Equilibrium Economy

    NARCIS (Netherlands)

    Noussair, C.N.; Pfajfar, D.; Zsiros, J.

    2011-01-01

    New Keynesian dynamic stochastic general equilibrium models are the principal paradigm currently employed for central bank policymaking. In this paper, we construct experimental economies, populated with human subjects, with the structure of a New Keynesian DSGE model. We give individuals monetary i

  7. Political pluralism, public policies and organizational strategic choices : Branch expansion in Indian banking, 1948 - 2003

    NARCIS (Netherlands)

    Kozhikode, R.K.; Li, J.T.

    2012-01-01

    Data on the expansion of 94 commercial banks in India from 1948 to 2003 were analyzed to test the proposition that political pluralism-wherein competing parties control the state and national governments of a nation-can promote business expansion. The results confirm that such political pluralism re

  8. The Establishment of the Asian Infrastructure Investment Bank and Its Implications

    Institute of Scientific and Technical Information of China (English)

    Hou; Hongyu

    2015-01-01

    Ⅰ.The Background and Status of the Asian Infrastructure Investment Bank Chinese President Xi Jinping and Premier Li Keqiang announced the Asian Infrastructure Investment Bank(the AIIB)initiative during their respective visits to Southeast Asian countries in October 2013.The AIIB is envisaged to promote interconnectivity and

  9. Rational Choise and Policy Implementation; Implications for Interorganizational Network Management

    NARCIS (Netherlands)

    O'Toole, Laurence J.

    1995-01-01

    Research on interorganizational policy implementation continues to be characterized by diverse theoretical approaches. It is perhaps surprising to observe, however, that formal and especially rational-choice approaches have been essentially neglected in the study of policy implementation processes.

  10. Energy efficiency and conservation in the developing world. World Bank policy paper. Energia: Eficiencia y conservacion en el mundo en desarrollo

    Energy Technology Data Exchange (ETDEWEB)

    1993-01-01

    Energy demand and production in developing countries are up, but efficiency of production and consumption are falling behind. The paper explores that issue and reviews the Bank's participation in energy projects. The paper conveys the Bank's strategy to promote efficiency through such means as transferring modern technology from the industrial countries and lending more selectively to energy-supply enterprises. The Bank identifies four factors that account for the differences in efficiency between the industrial and developing countries: energy pricing policies, control of energy supply enterprises, protection of energy-using industry from competition, and barriers to the productive functioning of markets.

  11. World bank's role in the electric power sector: Policies for effective institutional, regulatory, and financial reform. World Bank policy paper. Funcion del banco mundial en el sector de la electricidad: politicas para efectuar una reforma institucional, regulatoria y financiera eficaz

    Energy Technology Data Exchange (ETDEWEB)

    1993-01-01

    The paper outlines the World Bank's new policies for the energy sector. It recommends several new policies to improve the performance of the electric power sector in developing countries. Bank loans for electric power will go first to countries clearly committed to improving the performance of their power sectors. The Bank will also discourage subsidies on energy prices and will encourage private investment in utilities. And it will provide financing to help the least developed countries import power where local generation is not practical.

  12. Central bank instruments, fiscal policy regimes, and the requirements for equilibrium determinacy

    NARCIS (Netherlands)

    Schabert, A.

    2006-01-01

    This paper examines the role of the monetary instrument choice for local equilibrium determinacy under sticky prices and different fiscal policy regimes. Corresponding to Benhabib et al.'s results for interest rate feedback rules [Benhabib, J., Schmitt-Grohé, S., Uribe, M., 2001. Monetary policy and

  13. 78 FR 22771 - Statement of Policy on the Development and Review of Regulations and Policies

    Science.gov (United States)

    2013-04-17

    ... proposed regulation or policy imposes on the banking industry and the public. For example, new reporting... to the implications of its actions as public policy. Public participation in the rulemaking process... public comment on proposed statements of policy as well. All comments and proposed alternatives...

  14. Explaining Policy Responses to Danish and Irish Banking Failures during the Financial Crisis

    DEFF Research Database (Denmark)

    Kluth, Michael Friederich; Lynggaard, Kennet

    2013-01-01

    ) variations in domestic exposure to the financial industry, notably its relative size, dominant business models and exposure to real estate markets and 2) variations in institutional features, notably banking sector preferences and legacies of collective action. While limited explanatory power can......The 2008 global financial crisis produced very different responses in Ireland and Denmark. While both countries embraced depositor guarantee schemes and recapitalization programmes, these were designed and adopted in significantly different ways. Crucially, the Irish state initially assumed full...

  15. The Neoliberal Value Shift and Its Implications for Federal Education Policy under Clinton.

    Science.gov (United States)

    Fowler, Frances C.

    1995-01-01

    With President Clinton's election, the Democratic party's neoliberal wing came to power--a change with important educational policy implications. This study, based on a content analysis of neoliberal political communication, concludes that the policy values most emphasized are economic growth, community, and equity. This represents a shift away…

  16. The Global Financial Crisis: Analysis and Policy Implications

    Science.gov (United States)

    2009-08-21

    07222009/titleVI.pdf. 20 Title III of proposed legislation, Federal Depository Institutions Supervision and Regulation Improvements Act of 2009...submitted by Treasury; see http://www.financialstability.gov/docs/regulatoryreform/title-III_Natl-Bank- Supervisor_072309.pdf. 21 Title III of proposed...140 Republica Argentina. Ministerio de Economia y Finanzas Publicas. Instituto Nacional de Estadistica y Censos. Intercambio Comercial Argentino

  17. 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.

  18. Global Warming: Its Implications for U.S. National Security Policy

    Science.gov (United States)

    2009-03-19

    The approach to this topic will be to look at the science behind anthropogenic global warming . Is man largely responsible for causing global warming due...paper will then investigate the nexus between global warming and U.S. national security policy. It will address the challenges facing U.S. leaders and...policy makers as they tackle the issue of global warming and its implications for U.S. policy. Finally it will conclude with recommendations for those

  19. Monetary and Fiscal Policy Interaction and the Relationship between the Central Bank and the Government. (The Case of Republic of Moldova

    Directory of Open Access Journals (Sweden)

    Corina Chironachi

    2015-08-01

    Full Text Available In this paper the author is analyzing the impact of fiscal and monetary policies on the dynamics of the exchange rate, inflation and other macroeconomic variables. The author investigates the forms of strategic interaction between the Government and the Central Bank in designing and implementing these policies. As a result, the author concludes the necessity of institutions cooperation in the development and implementation of monetary and fiscal policy measures, but also concluded that the responsible institutions must remain independent in achieving an efficient monetary and fiscal policy of the Republic of Moldova.

  20. Equilibrium Implications of Fiscal Policy with Tax Evasion

    DEFF Research Database (Denmark)

    Busato, Francesco; Chiarini, Bruno; Rey, Guido M.

    This paper studies equilibrium effects of fiscal policy disturbances within a dynamic general equilibrium model where tax evasion and underground activities are explicitly incorporated. There are three mainresults. (i) The underground sector mitigates the distortionary impact of fiscal policies......, while lesseningthe drop (and the rise) of aggregate production after restrictive (expansionary) tax shocks. (ii) Taxevasion and underground economy can rationalize expansionary response to contractionary fiscal policies;(iii) A dynamic general equilibrium with tax evasion gives a rational justification...

  1. Fertilizer Reduction Policies in Developed Countries: Suitability and Implications

    Directory of Open Access Journals (Sweden)

    LI Fang

    2017-01-01

    Full Text Available This study reviewed and analyzed the specific practices, implementation effects and applicable conditions of fertilizer reduction policies in the EU, US and Japan, explored the common laws and general conditions in the formulation of environmental orientation, and pro vided feasible policy recommendations for the formulation of fertilizer reduction policies in China. This study showed that fertilizer reduction policies in each country had their own advantages and disadvantages, and the applicable conditions were different. The EU's command and control policy was applicable to the situation of less farm households and the same agricultural planting type or farm type. The economic in centive policy in the US was applicable to the situation of more farm households, relatively perfect agricultural market system and sensitive price formation mechanism, while the public participation policy in Japan was applicable to regions with more relevant agricultural groups and strong economy. China should learn from each of these policies and make a comprehensive choice in the formulation of fertilizer reduc tion policies. Therefore, China should proceed from improving the agricultural price mechanism and the pollution-free agricultural products certification system as well as encouraging and supporting the development of large scale production units, and then promote the adoption of environmentally friendly technology through the guidance of market mechanism, ensure the effective implementation of environmental stan dards through farmers' integration and improve farmers' environmental awareness through propaganda guidance, so as to ensure the effective implementation of different types(command and control policy, economic incentive policy and public participation policyof fertilizer reduc tion policies.

  2. The Definition of Inflation According to Mises: Implications for the Debate on Free Banking

    Directory of Open Access Journals (Sweden)

    Nicolás Cachanosky

    Full Text Available The discussion of what is and what is not inflation has become central among the Austrian economists in their debate between free banking with fractional reserves versus banking with 100-percent reserve. Many Austrians also turn to the writings of Mises to find out what the dean of Austrian Economics thought about inflation, but there is no agreement on the interpretation of his writings either. This article tries to contribute to the interpretation of Mises’ concept of inflation.

  3. Financial Market Turmoil: Implications for Monetary Policy Transmission in China

    Institute of Scientific and Technical Information of China (English)

    Chengsi Zhang; Joel Clovis

    2009-01-01

    The recent financial market turmoil has initiated another search for insightful understanding of the interactions between the financial market and monetary policy. This paper explores these interactions in terms of the transmission mechanism of monetary policy in China. We argue that evolving financial development, enhanced by the expansion of the financial market, has altered the conventional channel for monetary transmission in China. Analyzing marked changes in the financial landscape and taking into account policy regime shifts in China, the paper provides clear evidence showing that the financial market has become a new and important channel for transmission of monetury policy in China.

  4. 货币政策传导中的微观银行作用与机制%The Role of Banks in the Monetary Policy Transmission Mechanism

    Institute of Scientific and Technical Information of China (English)

    汪明进

    2014-01-01

    The traditional monetary viewpoints ignore the roles and functions of bank intermediation,however,the credit viewpoints such as bank lending channel,etc.,emphasize that monetary policy can influence investment and output through affecting credit supply of bank intermediation.Banks with different balance sheet characteristics have obviously different behavior response to mo-netary policy,resulting in the distributional effects of monetary policy of different types of banks.In consideration of the balance char-acteristics and roles and functions of micro banking in the transmission mechanism of monetary policy,the paper compares and analyzes the possible econometric test methods and their construction principles of monetary policy transmission mechanism.%传统货币观撇开微观银行中介的作用,而银行借贷渠道、资产负债表渠道和银行资本渠道等信贷渠道观则强调货币政策通过银行信贷供给对投资和产出的间接影响,且认为具有不同资产负债表特征的银行对货币政策的反应不同,从而导致货币政策在不同类型银行间具有分布效应。结合微观银行的资产负债表特征及其在货币政策传导中的角色与功能、货币政策扩散机制的可能检验途径及其构造原理,认为银行的资本结构及其内在管理也应被纳入货币政策的决策框架。

  5. Modeling expectations in agent-based models: an application to central bank's communication and monetary policy

    NARCIS (Netherlands)

    Salle, I.L.

    2015-01-01

    Expectations play a major role in macroeconomic dynamics, especially regarding the conduct of monetary policy. Yet, modeling the interplay between communication, expectations and aggregate outcomes remains a challenging task, mainly because this requires deviation from the paradigm of rational expec

  6. Deposit Insurance and Bank Liquidity: Does Ownership Structure Matter?

    Directory of Open Access Journals (Sweden)

    Irwan Trinugroho

    2016-07-01

    Full Text Available We examine how the level deposit insurance coverage affects bank liquidity. We also test the role of ownership in the relationship between deposit insurance coverage and bank liquidity. This study uses quarterly data of Indonesian banks from Q1:2002 - Q2:2008. We argue that the presence of explicit deposit insurance changes a bank‘s behavior in liquidity management in the form of decreasing asset liquidity. We find some evidence on the negative impact of deposit insurance coverage on bank liquidity. However, little is found on the role of ownership structure. The credibility of deposit insurance system and implicit guarantee are the main policy implications.

  7. Education Policies: Potential Impacts and Implications in Australia and Beyond

    Science.gov (United States)

    Jones, Tiffany

    2016-01-01

    Australian education is delivered through government and independent systems. This article discusses how education policies on gay, lesbian, bisexual, transgender, intersex, and queer students in these different sectors have affected school climates. It describes how previously published policy analysis and survey data on Australian gay, lesbian,…

  8. The Policy Implications of Internet Connectivity in Public Libraries

    Science.gov (United States)

    Jaeger, Paul T.; Bertot, John Carlo; McClure, Charles R.; Langa, Lesley A.

    2006-01-01

    The provision of public Internet access and related networked services by public libraries is affected by a number of information policy issues. This article analyzes the policy dimensions of Internet connectivity in public libraries in light of the data and findings from a national survey of public libraries conducted by the authors of this…

  9. 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....

  10. DNA banking and DNA databanking: Legal, ethical, and public policy issues

    Energy Technology Data Exchange (ETDEWEB)

    Reilly, P.R.; McEwen, J.E.; Lawyer, J.D.; Small, D.

    1997-04-30

    The purpose of this research was to provide support to enable the authors to: (1) perform legal and empirical research and critically analyze DNA banking and DNA databanking as those activities are conducted by state forensic laboratories, the military, academic researchers, and commercial enterprises; and (2) develop a broadcast quality educational videotape for viewing by the general public about DNA technology and the privacy and related issues that it raises. The grant thus had both a research and analysis component and a public education component. This report outlines the work completed under the project.

  11. Bank rescues and fiscal policy in the European Union during the great recession

    Directory of Open Access Journals (Sweden)

    Ferreiro Jesús

    2016-01-01

    Full Text Available The outbreak of the economic and financial crisis in 2008, the socalled Great Recession, has made that many European Union countries have made massive interventions in their banking and financial systems. These interventions have had a considerable impact in the public finances of these countries. The aim of the paper is to analyze the impact on the national public budgets of the measures of public support to problem financial institutions carried out between the years 2008 and 2013, and to study how this budgetary impact has affected to the fiscal imbalances and to the strategies of fiscal impulse and consolidation implemented along these years.

  12. The Problem Trap: Implications of Policy Archaeology Methodology for Anti-Bullying Policies

    Science.gov (United States)

    Walton, Gerald

    2010-01-01

    James Scheurich argues that practices of policy--normalized over time through repetition--serve three purposes. They structure social problems for which policy is designed to address; construct certain people, implicitly or explicitly, as problem individuals; and shape policy solutions. Following Foucault, he offers what he calls Policy…

  13. EU environmental state aid policy: wide implications, narrow participation?

    Energy Technology Data Exchange (ETDEWEB)

    Flaam, Karoline

    2008-11-15

    This article investigates the 2008 reform of the EU's environmental state aid guidelines, with an eye to determining the degree of external pressure and lobbyism towards environmental state aid policies. What is found is a strikingly low level of external pressure on the policy-field, not least on the part of the private sector. In fact, EU environmental state aid policy is largely the making of a few Commission officials, without much external 'interference'. The article discusses possible reasons for this, and asks whether state aid policy-making might be marked less by clear and established interests and utility maximising, and more by actors constrained by complexity and bounded rationality. (author). refs.,tab

  14. Post-Unified Korean Foreign Policy Options: Regional Implications

    Science.gov (United States)

    2002-09-01

    Korean War, the U.S. security policy toward Korea has been instrumental in promoting peace and stability on the peninsula. The strong defense alliance...request the removal of United States troops from the Korean peninsula and the nullification of the United States-South Korea Mutual Defense Treaty...security alliance. However, after the elimination of the North Korean threat, a unified Korea will be able to redefine its foreign policy options

  15. The effects of globalization on inflation and their implications for monetary policy

    OpenAIRE

    Donald L. Kohn

    2006-01-01

    Policymakers here and abroad cannot lose sight of a fundamental truth: In a world of separate currencies that can fluctuate against each other over time, each country’s central bank determines its inflation rate. If the FOMC were to allow the U.S. economy to run beyond its sustainable potential for some time, inflation would eventually rise. And, this pickup would become self-perpetuating if it became embedded in inflation expectations. Thus, while a better understanding of the implications o...

  16. Money, the Banking System and Monetary Policy in Canada: A Teaching Unit.

    Science.gov (United States)

    Curtis, Douglas C. A.; Staunton, Ted, Ed.

    One of a series of teaching units designed to introduce secondary school students to the Canadian economy, this handbook contains instructional materials on Canada's monetary system and policy. Material is organized and presented in terms of specific topic readings and illustrative activities. The topics covered in six sections are money, the…

  17. Essays in nonlinear dynamics in economics and econometrics with applications to monetary policy and banking

    NARCIS (Netherlands)

    Wolski, M.

    2014-01-01

    This thesis explores the highly nonlinear profile of the modern financial world and assesses its relevance in monetary policy conduct and macroprudential supervision. It focuses on three possible different origins of nonlinear structures. Firstly, we study the role of the heterogeneous and boundedly

  18. Modern Monetary Policy and Central Bank Governance : A Story of Two Tales

    NARCIS (Netherlands)

    Eijffinger, S.C.W.; Masciandaro, D.

    2014-01-01

    The objective of this note is to present the evolution of both the economics and the political economy of monetary policy in the last three decades – first the Great Moderation and then the Financial Crisis – as a story of two intertwined tales: on the one side the tale of how to govern money and in

  19. The Influence of China's Shadow Banking on the Stability of the Banking System and Monetary Policy%中国影子银行对银行系统稳定性和货币政策的影响

    Institute of Scientific and Technical Information of China (English)

    陈青青; 张长全

    2016-01-01

    影子银行对经济增长有一定的促进作用,却也隐含着巨大的风险. 所以近年来影子银行系统规模的飞速扩张越来越为更多人关注. 选取2006年1月至2014年12月的月度数据建立VAR模型,利用ADF检验、Granger因果关系检验、脉冲响应和方差分解等方法实证分析了中国影子银行对银行系统稳定性和货币政策的影响. 经研究发现影子银行对货币政策的中介目标、最终目标和传导机制都产生了不同程度的干扰和冲击,削弱了货币政策的政策执行效果,还造成银行系统稳定性的波动. 针对分析结果建议加强监管、完善立法,改革货币政策工具,筑建银行系统稳定预警机制.%Shadow banking has a certain role in promoting economic growth, but it also implies a huge risk.So more and more people pay attention to the shadow banking system which has rapid expansion of the scale in recent years.In this paper, the author selected the monthly data from January 2006 to December 2014 to establish the VAR model, using ADF test, Granger causality test, impulse response and variance decomposition to analyze the impact of China's shadow banking on banking system stability and mone-tary policy.The study found that the intermediary goal of monetary policy, the ultimate goal and the transmission mechanism have had varying degrees of interference.And the shadow banking not only weakened the monetary policy implementation effect, but also caused the instability of the banking system.We suggested that the government should strengthen supervision, improve legislation, reform of monetary policy tools and build an early warning mechanism for the stability of banking system based on the results.

  20. Risk assessment as rhetorical practice: The ironic mathematics behind terrorism, banking, and public policy.

    Science.gov (United States)

    Danisch, Robert

    2013-02-01

    The twin problems of possible terrorist attacks and a global economic recession have been, and continue to be, critical components of contemporary political culture. At the center of both problems is the assessment of future risk. To calculate the probability that a loan will default or to estimate the likelihood of an act of bioterrorism crippling an American city is to engage in the quantitative science of risk assessment. The process of risk assessment is an attempt to rationalize the uncertainty and contingency of the future. In this essay, I read risk assessments made by the Department of Homeland Security and by major banks during the recent financial collapse as examples of rhetorical practice. As such, I show the rhetorical form and function of risk assessments in order to determine the effect that they have on contemporary political culture.

  1. Macroeconomic policy interaction: State dependency and implications for financial stability in UK: A systemic review

    Directory of Open Access Journals (Sweden)

    Muhammad Ali Nasir

    2016-12-01

    Full Text Available The association between economic and financial stabilities and influence of macroeconomic policies on the financial sector creates scope of active policy role in financial stability. As a contribution to the existing body of knowledge, this study has analysed the implications of macroeconomic policy interaction/coordination for financial stability, proxied by financial assets, i.e. equity and bonds price oscillation. The critical review and analysis of the existing literature on the subject suggests that there is also ample evidence of interdependence between monetary and fiscal policies and this interrelation necessitates coordination between them for the sake of financial stability. There is also a case for analysing the symmetry of financial markets responses to macroeconomic policy interaction. On methodological and empirical grounds, it is vital to test the robustness of policy recommendations to overcome the limitation of a single empirical approach (Jeffrey–Lindley’s paradox. Hence, the Frequentist and Bayesian approaches should be used in commentary manner. The policy interaction and optimal policy combination should also be analysed in the context of institutional design and major financial events to gain insight into the implications of policy interaction in the periods of stable economic and financial environments as well as period of financial and economic distress.

  2. Evolutions in food marketing, quantifying the impact, and policy implications.

    Science.gov (United States)

    Cairns, Georgina

    2013-03-01

    A case study on interactive digital marketing examined the adequacy of extant policy controls and their underpinning paradigms to constrain the effects of this rapidly emerging practice. Findings were interactive digital marketing is expanding the strategies available to promote products, brands and consumer behaviours. It facilitates relational marketing; the collection of personal data for marketing; integration of the marketing mix, and provides a platform for consumers to engage in the co-creation of marketing communications. The paradigmatic logic of current policies to constrain youth-oriented food marketing does not address the interactive nature of digital marketing. The evidence base on the effects of HFSS marketing and policy interventions is based on conceptualizations of marketing as a force promoting transactions rather than interactions. Digital technologies are generating rich consumer data. Interactive digital technologies increase the complexity of the task of quantifying the impact of marketing. The rapidity of its uptake also increases urgency of need to identify appropriate effects measures. Independent analysis of commercial consumer data (appropriately transformed to protect commercial confidentiality and personal privacy) would provide evidence sources for policy on the impacts of commercial food and beverage marketing and policy controls.

  3. The Fate of Failed Bank Material and Implications for Lateral Retreat: Lake Tahoe Basin

    Science.gov (United States)

    Simon, A.; Thomas, R. E.

    2009-12-01

    The ability to deterministically predict the critical conditions for streambank failure in alluvial materials has improved markedly in recent years. Analytic tools such as the Bank-Stability and Toe-Erosion Model (BSTEM) account for a broad range of controlling processes and factors including hydraulic erosion of the bank toe, positive and negative pore-water pressures, layers of varying geotechnical resistance and root reinforcement. When failure is predicted, the failed mass is assumed to be transported away from the section by the flow, either as a single mass or as dispersed aggregates. Field observations indicate, however, that in cases where cohesive strength is high, either due to the effective cohesion of the soil skeleton or due to dense mats of fine roots, the failed block comes to rest in the vicinity of the bank toe. In this case, the resistance of the bank-toe region to hydraulic scour may be increased markedly and resistance to geotechnical failure may also be increased by buttressing. Conversely, deposition of blocks at bank toes may cause flow acceleration and scour landward of the block, resulting in further undercutting of the bank mass. Failure to account for these processes can lead to errors in predicting of rates of failure frequency, lateral retreat and streambank loadings.Once deposited at the bank toe, failed blocks can be eroded by hydraulic forces either as a mass and/or by erosion of aggregates comprising the block. Field research on the nature of hydraulic resistance and block erosion has been conducted along selected reaches of the Upper Truckee River (UTR) and Trout Creek, Lake Tahoe Basin, California. Block materials are generally characterized by lower apparent cohesive strength than their in situ counterparts due to the lower values of matric suction owing to their proximity to the water surface. Still, submerged jet-test device conducted in root-permeated blocks show critical shear stresses one to two orders of magnitude greater

  4. Contaminants in Sludge: Implications for Management Policies and Land Application

    Energy Technology Data Exchange (ETDEWEB)

    Dentel, Steven K.

    2003-07-01

    Policies on sludge (or biosolids) management vary widely, particularly when decisions must be made on what to do with the final product. This paper examines the two principal rationales with which such decisions are made, and through which scientific knowledge is included in the process. These rationales are risk analysis (risk assessment and management), and the criterion of sustainability. Both are found to be potentially arbitrary due to the difficulty in defining the individual constituents necessary to relate environmental phenomena to environmental policy. To place the difficulties in a practical context, this paper presents research results from three recent projects concerned with contaminants in sludge (phosphorus, flocculant polymers, and polymer-surfactant aggregates), and uses the findings to exemplify the dilemma encountered in policy making. A path forward is proposed. (author)

  5. Policy Change Implication Toward Integrated Wonorejo Zone as A Strategic Economic Development Zone

    Directory of Open Access Journals (Sweden)

    Akbar Pandu Dwinugraha

    2014-04-01

    Full Text Available Integrated Wonorejo Zone is one of the development zone in Lumajang Regency with significant goals to improve potensial condition in three aspect namely tourism, agriculture and SMEs. Based on RTRW in 2008-2028, which was established in 2008, the development strategy of this zone is change. Integrated Wonorejo Zone was mentioned as a Strategic Economic Development Zone. This research describe and analyse about how the implication of policy change toward Integrated Wonorejo Zone. This research using method of descriptive research with qualitative approach as well as analysis of data by John Seidel about QDA (qualitative data analysis. The result of this research explain that the policy change implication, from description, implementation and implication point of view did not give significant expectation. Key Words: Policy Change, Integrated Wonorejo Zone, Strategic Economic Development Zone.

  6. SECURITY IMPLICATIONS OF RUSSIAN FEDERATION ENERGY POLICY IN CENTRAL ASIA

    Directory of Open Access Journals (Sweden)

    Aneta NOWAKOWSKA-KRYSTMAN

    2015-04-01

    Full Text Available The importance of Central Asia region in energy market creates certain approach of Russian Federation. It infl uences not only situation in the region but also short and long term prospects of economic development of adjacent regions, i.e. North, East and South Asia, the Middle East and Europe. Russian economic policy determines and defi nes certain forms of international cooperation, which, in turn, results in its importance for international political relations. The article points out the essence of Russian Federation policy towards Central Asia and adjacent regions which consists in conducting geo-economic activities determining geo-political activities.

  7. 中央银行透明化政策与宏观经济稳定%Central Bank Transparent Policy and Macroeconomic Stability

    Institute of Scientific and Technical Information of China (English)

    屈晓翔; 李颖

    2014-01-01

    In the context of inflation expectation management,this paper constructed a Chi-nese central bank communication index for the period of 2001 to 2013 to find the effect of central bank transparent policy on macroeconomic stability.The results showed that a more transparent monetary policy was conducive to macroeconomic stability.In some cases,the central bank's transparent policy is even more effective than its actual intervention.So the People's Bank of Chi-na should further enhance its level of transparency.%在通胀预期管理背景下,构建中国2001~2013年中央银行信息交流指数,考量中央银行透明化政策影响宏观经济稳定机制。结果表明,央行增加信息交流有利于宏观经济稳定,某些情况下甚至超过实际干预的效果。因此,我国央行应进一步提高货币政策透明度并培育规范的中央银行信息交流机制。

  8. 12 CFR 614.4352 - Farm Credit Banks and agricultural credit banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Farm Credit Banks and agricultural credit banks. 614.4352 Section 614.4352 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Lending and Leasing Limits § 614.4352 Farm Credit Banks and agricultural...

  9. Chimeras, moral status, and public policy: implications of the abortion debate for public policy on human/nonhuman chimera research.

    Science.gov (United States)

    Streiffer, Robert

    2010-01-01

    Researchers are increasingly interested in creating chimeras by transplanting human embryonic stem cells (hESCs) into animals early in development. One concern is that such research could confer upon an animal the moral status of a normal human adult but then impermissibly fail to accord it the protections it merits in virtue of its enhanced moral status. Understanding the public policy implications of this ethical conclusion, though, is complicated by the fact that claims about moral status cannot play an unfettered role in public policy. Arguments like those employed in the abortion debate for the conclusion that abortion should be legally permissible even if abortion is not morally permissible also support, to a more limited degree, a liberal policy on hESC research involving the creation of chimeras.

  10. Assessment Policy in Teacher Education: Responding to the Personnel Implications of Language Policy Changes

    Science.gov (United States)

    Naqvi, Rahat; Coburn, Helen

    2008-01-01

    This paper examines the response made by the University of Calgary to changes in Alberta's language policy in its language teacher education programme. The paper outlines recent policy changes in Alberta aimed at developing language education in schools and then examines how such changes have had an impact on planning for the delivery of education…

  11. The Economics of Wind Power in China and Policy Implications

    Directory of Open Access Journals (Sweden)

    Zifa Liu

    2015-02-01

    Full Text Available In 2009, the implementation of feed-in tariff (FIT and attractive public subsidies for onshore wind farms aroused great investment enthusiasm and spurred remarkable development of wind power in China. Meanwhile, rapid learning-by-doing has significantly cut down the cost of wind turbines and the capital cost of wind farms as well. Therefore, it is the right time to examine the appropriateness of the existing FIT policy for wind power in China. In this paper, we employ the analytical framework for levelized cost of electricity (LCOE to model the generation cost of wind power. Results show that the existing FIT policy is attractive to investors, but serious curtailment and turbine quality issues could make wind power unprofitable. Meanwhile, rapid substantial decreases in the cost of wind power have made it competitive to coal power in 2013, implying that it is possible and necessary to reform the FIT policy for new wind farms. In the future, energy policies for onshore wind power in China could be concentrated on reducing the integration cost, so as to reduce the overall system cost.

  12. Preschool Inclusion: Key Findings from Research and Implications for Policy

    Science.gov (United States)

    Lawrence, Sharmila; Smith, Sheila; Banerjee, Rashida

    2016-01-01

    A recent policy statement issued by the U.S. Department of Health and Human Services (HHS) and U.S. Department of Education (DOE) on early childhood inclusion presents extensive recommendations for state and local actions that could improve young children's access to high quality inclusive early childhood programs (HHS/DOE, 2015). This brief…

  13. Rehabilitation Policy and Practice in Romania: Implications for Training

    Science.gov (United States)

    Rak, Eniko C.

    2007-01-01

    This article provides a comprehensive account of the Romanian rehabilitation service delivery system. After a short presentation of disability issues during communism, the article shifts focus to a detailed review of current advancements in disability policy and legislation, prevalence, diagnosis, service delivery system and procedures, and…

  14. Curricular Critique of an Environmental Education Policy: Implications for Practice

    Science.gov (United States)

    Karrow, Douglas D.; Fazio, Xavier

    2015-01-01

    This paper provides a curricular critique of an environmental education policy framework called "Acting Today, Shaping Tomorrow" (Ontario Ministry of Education, 2009). Answers to the following two curricular questions: "What should be taught?" and "How it should be taught?" frame the critique. Scrutiny of the latter…

  15. Modern Monetary Policy and Central Bank Governance: A Story of Two Tales

    OpenAIRE

    Eijffinger, S.C.W.; Masciandaro, D.

    2014-01-01

    The objective of this note is to present the evolution of both the economics and the political economy of monetary policy in the last three decades – first the Great Moderation and then the Financial Crisis – as a story of two intertwined tales: on the one side the tale of how to govern money and interest rates in the short run; on the other side the tale of how to design in a longer horizon the monetary architectures. In the tradition the two tales are told separately, where the academic sch...

  16. Modelling Central Bank Independence and Inflation: Deus Ex Machina?

    Directory of Open Access Journals (Sweden)

    Dumiter Florin

    2015-11-01

    Full Text Available Central bank independence represents the core element of assessing the complex relationship between government and central bank, having at background the fundamental issue of a free monetary policy decision-making process from the hands of the political circle. However, central bank independence is a multilevel concept within some social, economic and behavioral implications both for the central banks and for the society at whole. Central bank independence is needed in order to establish an autonomous central bank with a high degree of freedom in choosing its’ instruments, objectives, techniques and tactics. Moreover, a high degree of transparency for the public disclosure and monitoring of central bank operation and transaction is needed for the social barometer of the central bank. Consequently the central bank must have a high degree of accountability and responsibility vis - á - vis of the most democratic institution, i.e. Parliament. In this article it is presented a comprehensive study regarding the complex relationship between central bank independence and inflation by modeling these two monetary policy panacea, in order to make a fine tuning regarding the causal relationship established in a heterodox manner.

  17. Implications of WTO Tariff Reductions for EU and US Dairy Policy

    OpenAIRE

    Pajic, Mirjana; Blandford, David; Bailey, Kenneth W.

    2009-01-01

    The objective of this study is to measure the impact of proposed Doha Round tariff reductions on the global dairy industry and dairy policy. We examine how proposed tariff reductions affect global trade and prices, and the implications for the European Union and the United States. Since international market conditions can vary, we examine the implications of liberalization under two sets of market conditions. The first corresponds to the year 2004 in which there was a global surplus of dairy ...

  18. 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

  19. Some Considerations about World Bank Educational Politics for Latin America

    OpenAIRE

    Coelho, João Paulo Pereira; UEM; Melo, José Joaquim Pereira; UEM

    2009-01-01

    The present research aims at discussing World Bank educational policies for Latin America as reported in the source document “World Bank: Priorities and Strategies in Education”. Prior to the comprehension of the suggestions from the above international organization, a historical discussion on economical and social struggles within the contemporary society must be detailed. The development of capital after World War II is discussed and also the implications of economical structures in the Wor...

  20. 77 FR 38838 - Compliance Policy Guide Sec. 230.110-Registration of Blood Banks, Other Firms Collecting...

    Science.gov (United States)

    2012-06-29

    ... Banks, Other Firms Collecting, Manufacturing, Preparing, or Processing Human Blood or Blood Products... Registration of Blood Banks, Other Firms Collecting, Manufacturing, Preparing, or Processing Human Blood or... INFORMATION: FDA issued the CPG entitled ``Sec. 230.110 Registration of Blood Banks, Other Firms...

  1. 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,...

  2. Chinese Policy Toward South Asia: Implications and Prospects for Nepal

    Science.gov (United States)

    2013-03-01

    principles:17  Improving relations with the developed countries ,  Strengthening friendly relations with neighboring countries ,  Enhancing cooperation...objective to generate 25,000 MW of hydropower by 2030.61 To fulfill its target, Nepal must garner investment from foreign countries or international...number of tourists. Conclusion Chinese foreign policy principles are formally guided by improving relations with the developed countries , strengthening

  3. The Economic Value of Personal Information and Policy Implication

    OpenAIRE

    Kim, Jiin; Nam, Changi; Kim, Seongcheol

    2015-01-01

    Personal information is essential in an information-oriented society for societal development and as a valuable business resource. However, because of poor management and a lack of proper protection, leakage of personal information can take place over time, and the standard for compensation is not well established. In order to establish appropriate policies for its protection, we need to know the economic value of personal information. Using conjoint analysis, we analyze the potential value o...

  4. The Operational Air National Guard: Relationship Changes and Policy Implications

    Science.gov (United States)

    2015-02-13

    national emergencies.9 Prior to this legislation, Guard and Reserve mobilization required Congressional declaration of emergency. Following the Vietnam...established the all-volunteer force increasing the nation’s dependence on the Guard and Reserve to meet wartime surge requirements .10 Also in...years demobilized ratio .”26 This policy memo obligates Reserve Component members to being mobilized on a recurring basis, one out of every six years

  5. Mexico's petroleum and US policy: implications for the 1980s

    Energy Technology Data Exchange (ETDEWEB)

    Ronfeldt, D.; Nehring, R.; Gandara, A.

    1980-06-01

    This report examines selected factor affecting Mexico's future petroleum policies, and then assesses various implications of Mexico's petroleum for US interests and policies. After a brief introduction, the report is divided into three sections. The first offers a detailed analysis of Mexico's petroleum resources and production possibilities. The second considers petroleum as a symbolic issue of profound significance for Mexican nationalism. The final section provides an assessment of these and other factors for US interests, objectives, and policy options during the 1980s.

  6. Technical Note: The Effect of The Fed’s Quantitative Easing Policy on the Performance of Listed Companies and the Banking Sector in Indonesia

    Directory of Open Access Journals (Sweden)

    Yanuar Rizky

    2015-12-01

    Full Text Available Abstract While the efficient market hypothesis suggests that stock price reflects the fundamental condition of companies, which could affect investors’ decisions, this technical note reports empirical evidence that stock price is also influenced by the public’s perception of the market situation. This note shows that the source of funds circulating in the Indonesia Stock Exchange is related to excess liquidity resulting from the policy of quantitative easing (QE by developed countries’ central banks. Banks funding assets with debt results in leverage relationships with the Capital Adequacy Ratio (CAR negatively affected. Thus it is evident that the Indonesian banking strategy is "reactive" and is influenced by external factors. External factors can be influenced by global issues as well as internal (enterprise performance issues. Therefore foreign and global issues may be important (perhaps dominant in determining the perceptions of the Indonesian stock market.

  7. Potentials and policy implications of energy and material efficiency improvement

    Energy Technology Data Exchange (ETDEWEB)

    Worrell, Ernst; Levine, Mark; Price, Lynn; Martin, Nathan; van den Broek, Richard; Block, Kornelis

    1997-01-01

    There is a growing awareness of the serious problems associated with the provision of sufficient energy to meet human needs and to fuel economic growth world-wide. This has pointed to the need for energy and material efficiency, which would reduce air, water and thermal pollution, as well as waste production. Increasing energy and material efficiency also have the benefits of increased employment, improved balance of imports and exports, increased security of energy supply, and adopting environmentally advantageous energy supply. A large potential exists for energy savings through energy and material efficiency improvements. Technologies are not now, nor will they be, in the foreseeable future, the limiting factors with regard to continuing energy efficiency improvements. There are serious barriers to energy efficiency improvement, including unwillingness to invest, lack of available and accessible information, economic disincentives and organizational barriers. A wide range of policy instruments, as well as innovative approaches have been tried in some countries in order to achieve the desired energy efficiency approaches. These include: regulation and guidelines; economic instruments and incentives; voluntary agreements and actions, information, education and training; and research, development and demonstration. An area that requires particular attention is that of improved international co-operation to develop policy instruments and technologies to meet the needs of developing countries. Material efficiency has not received the attention that it deserves. Consequently, there is a dearth of data on the qualities and quantities for final consumption, thus, making it difficult to formulate policies. Available data, however, suggest that there is a large potential for improved use of many materials in industrialized countries.

  8. Waterpipe tobacco smoking impact on public health: implications for policy

    Directory of Open Access Journals (Sweden)

    Martinasek MP

    2015-08-01

    Full Text Available Mary P Martinasek,1 Linda M Gibson-Young,2 Janiece N Davis,3 Robert J McDermott41Public Health Department of Health Sciences and Human Performance, University of Tampa, Kennedy Boulevard, Tampa, FL, 2College of Nursing and Health Sciences, Texas A&M University: Corpus Christi, Corpus Christi, TX, 3Department of Health – Palm Beach County, West Palm beach, FL, 4Department of Population Health Sciences, School of Medicine and Public Health, University of Wisconsin-Madison, Madison, WI, USABackground: Given the increasing evidence of its negative health effects, including contributions to both infectious and chronic diseases, waterpipe tobacco smoking raises public health concerns beyond even those presented by traditional smoking. Methods: Identification of Clean Indoor Air Acts (CIAAs from each of the 50 United States and District of Columbia were retrieved and examined for inclusion of regulatory measures where waterpipe tobacco smoking is concerned. Several instances of exemption to current CIAAs policies were identified. The cumulative policy lens is presented in this study. Results: States vary in their inclusion of explicit wording regarding CIAAs to the point where waterpipe tobacco smoking, unlike traditional smoking products, is excluded from some legislation, thereby limiting authorities’ ability to carry out enforcement. Conclusion: Consistent, comprehensive, and unambiguous legislative language is necessary to prevent establishments where waterpipe tobacco smoking occurs from skirting legislation and other forms of regulatory control. Stricter laws are needed due to the increasing negative health impact on both the smoker and the bystander. Actions at both the federal and state levels may be needed to control health risks, particularly among youth and young adult populations.Keywords: health policy, waterpipe tobacco, hookah smoking, tobacco regulation

  9. Transboundary air pollution in Asia: Model development and policy implications

    Science.gov (United States)

    Holloway, Tracey

    2001-12-01

    This work investigates transboundary air pollution in Asia through atmospheric modeling and public policy analysis. As an example of models actively shaping environmental policy, the Convention on Long-Range Transboundary Air Pollution in Europe (LRTAP) is selected as a case study. The LRTAP Convention is the only mulit- lateral air pollution agreement to date, and results from the RAINS integrated assessment model were heavily used to calculate nationally differentiated emission ceilings. Atmospheric chemistry and transport are included in RAINS through the use of transfer coefficients (or ``source-receptor relationships'') relating pollutant transfer among European nations. Following past work with ATMOS to simulate sulfur species in Asia, here ATMOS is developed to include odd-nitrogen. Fitting with the linear structure of ATMOS and the emphasis on computational efficiency, a simplified chemical scheme developed for use in the NOAA Geophysical Fluid Dynamics Laboratory Global Chemical Transport Model (GFDL GCTM) is adopted. The method solves for the interconversions between NOx, HNO3, and PAN based on five reaction rates stored in look-up tables. ATMOS is used to calculate source-receptor relationships for Asia. Significant exchange of NOy occurs among China, North and South Korea, and Japan. On an annual average basis, China contributes 18% to Japan's total nitrate deposition, 46% to North Korea, and 26% to South Korea. Nitrate deposition is an important component of acidification (along with sulfate deposition), contributing 30-50% to the acid burden over most of Japan, and more than 50% to acid deposition in southeast Asia, where biomass burning emits high levels of NOx. In evaluating the policy-relevance of results from the ATMOS model, four factors are taken into account: the uncertainty and limitations of ATMOS, the environmental concerns facing Asia, the current status of the scientific community in relation to regional air pollution in the region, and

  10. Investigating Policy Implications for the Abolition of Corporal Punishment in Secondary Schools in Kenya

    Science.gov (United States)

    Kindiki, Jonah Nyaga

    2015-01-01

    The main objective of this study is to investigate policy implications for the abolition of corporal punishment in secondary schools in Kenya. Adopting a survey design, using questionnaires, interviews and documentation, a sample of 355 was selected from target population of 3228 teachers, students and parents. The data were analysed thematically.…

  11. Environmental Implications of Dynamic Policies on Food Consumption and Waste Handling in the European Union

    Directory of Open Access Journals (Sweden)

    Michael Martin

    2016-03-01

    Full Text Available This study will review the environmental implications of dynamic policy objectives and instruments outlined in the European Union 7th Framework Programme (EU-FP7 Project DYNAmic policy MIXes for absolute decoupling of EU resource use from economic growth (DYNAMIX to address reductions in food consumption, food waste and a change in waste handling systems. The environmental implications of reductions in protein intake, food waste reductions, food waste management and donations are addressed using a life cycle approach to find the greenhouse gas (GHG emissions, land use and water consumption. Data are provided from the Statistics Division of the Food and Agriculture Organization (FAOSTAT food balance sheets for the European Union (EU with a base year of 2010 and life cycle inventory (LCI data from a meta-study of available GHG, land use and water consumption data for major food products. The implications are reviewed using a number of scenarios for the years 2030 and 2050 assuming policy instruments are fully effective. Results indicate that reductions in animal-based protein consumption significantly reduce environmental impacts, followed thereafter by reductions in food waste (assuming this also reduces food consumption. Despite the positive implications the policy mixes may have for targets for decoupling, they are not enough to meet GHG emissions targets for the EU outlined in the DYNAMIX project, although land and water use have no significant change compared to 2010 levels.

  12. The implications of climate policy for the impacts of climate change on global water resources

    NARCIS (Netherlands)

    Arnell, N.W.; van Vuuren, D.P.; Isaac, M.

    2011-01-01

    This paper assesses the implications of climate policy for exposure to water resources stresses. It compares a Reference scenario which leads to an increase in global mean temperature of 4 °C by the end of the 21st century with a Mitigation scenario which stabilises greenhouse gas concentrations at

  13. Mass Media Public Policy Implications of the Political Economy of Rawls and Nozick.

    Science.gov (United States)

    Nielsen, Richard P.

    The political economic ideas of philosophers John Rawls and Robert Nozick are compared in this paper, and their implications for mass media public policy are explored. The paper first examines the position of each philosopher, noting the major principles set forth in their works, historical antecedents for their ideas, and possible applications to…

  14. 提升我国银行监管效率的策略选择%Policy Choices of Improving Chinese Banking Regulatory Efficiency

    Institute of Scientific and Technical Information of China (English)

    丁建臣; 庞小凤; 李相南

    2014-01-01

    Banking supervision is the center of financial supervision theory and policy research.Facing serious real challenges such as dislocation of banking regulatory body design , distortions of supervision object , absence of regulatory basis and regulatory inefficiencies , this article proposes policy recommendations of strengthening and in-novating Chinese banking supervision , in order to compensate for the vacuum to enhance regulatory efficiency of bank supervision in China , which has some theoretical value and practical significance.%银行监管是金融监管理论与政策研究的中枢。面对我国银行监管主体设计错位、监管客体扭曲、监管依据缺失和监管效率低下等严峻现实挑战,提出了强化和创新我国银行监管若干政策建议,对弥补我国银行监管真空进而提升监管效率,具有一定的理论价值和现实意义。

  15. Human resources in science and engineering: Policy implications

    Energy Technology Data Exchange (ETDEWEB)

    Leggon, C.B.

    1995-12-31

    Recently, there has been much debate concerning the adequacy of the United States` (U.S.) human resources base to meet its future needs for science and engineering (S/E) talent. Science policy analysts - and scientists and engineers themselves - disagree about whether there will be any shortages of scientists and engineers, and if so, what they will mean for the U.S. Whether or not these shortages materialize, it is necessary for the U.S. to expand the pool from which it recruits its S/E talent. This paper addresses the question of how to increases the diversity of the S/E talent pool to include those who are projected by the year 2000 to be the majority of entry-level workers in the U.S. workforce: women and racial/ethnic minorities. Market forces alone cannot increase the size and diversity of the U.S. S/E workforce. Policy intervention will continue to be required to increase the diversity of the S/E workforce.

  16. Recycling of sewage in Swedish municipalities - Policy implications

    Energy Technology Data Exchange (ETDEWEB)

    Soederberg, H.

    1997-12-31

    The construction of sewage treatment plants, which increased dramatically during the sixties in Sweden, was based on the idea that sewage is a waste, despite the fact that it contains considerable amounts of nourishment. Environmental research today, focuses more and more on recycling and on the potential resource inherent in sewage. This chapter deals with how to manage a change from problem elimination to recycling of resources, and discuss such from an institutional perspective. A shift towards recycling implies a shift of techniques, decision-makers and process strategies. Implementation of recycling will need strategic principles, and thereby results from research focusing common property resource management can be used in the policy process 32 refs, 5 figs

  17. Decomposing Income Inequality and Policy Implications in Rural China

    Institute of Scientific and Technical Information of China (English)

    Lerong Yu; Renfu Luo; Linxiu Zhang

    2007-01-01

    Using village data from samples covering 6 provinces, 36 counties and 216 townships, the income inequalities within and between townships in rural China are assessed. The Theil index and the mean logarithmic deviation methods enable us to test income inequality at the township level, and to decompose it into intra-regional and inter-regional at county and provincial levels. In the present paper, we also decompose income inequalities between and within the nationally designated poor counties (NDPC). The results show that approximately two-thirds of the income inequality in rural China would be eliminated if measures and policies were targeted at the county level. This study also confirms the rationale that China's poverty alleviation strategy of focusing on poor counties based on the inequalities between NDPC and non-NDPC accounts for the most inter-province inequality.

  18. Food inflation in South Africa: some implications for economic policy.

    Science.gov (United States)

    Rangasamy, Logan

    2011-01-01

    This paper analyses the trends in food price movements in South Africa between 1980 and 2008. There are three main results emanating from the analysis in this paper. Firstly, food price movements have played a large role in generating inflationary episodes in South Africa. Secondly, while external influences do matter, South African food price movements are mainly due to domestic influences. This implies that national policy has an important role to play in taming domestic food price inflation. Thirdly, given the strong second round impacts, food price movements warrant special attention in monetary policymaking. Core measures of inflation that exclude food price movements may not accurately reflect the underlying inflationary pressures in the economy and could compromise the attainment of the goal of price stability.

  19. Near Earth Objects and Cascading Effects from the Policy Perspective: Implications from Problem and Solution Definition

    Science.gov (United States)

    Lindquist, Eric

    2016-04-01

    The characterization of near-Earth-objects (NEOs) in regard to physical attributes and potential risk and impact factors presents a complex and complicates scientific and engineering challenge. The societal and policy risks and impacts are no less complex, yet are rarely considered in the same context as material properties or related factors. Further, NEO impacts are typically considered as discrete events, not as initial events in a dynamic cascading system. The objective of this contribution is to position the characterization of NEOs within the public policy process domain as a means to reflect on the science-policy nexus in regard to risks and multi-hazard impacts associated with these hazards. This will be accomplished through, first, a brief overview of the science-policy nexus, followed by a discussion of policy process frameworks, such as agenda setting and the multiple streams model, focusing events, and punctuated equilibrium, and their application and appropriateness to the problem of NEOs. How, too, for example, does NEO hazard and risk compare with other low probability, high risk, hazards in regard to public policy? Finally, we will reflect on the implications of alternative NEO "solutions" and the characterization of the NEO "problem," and the political and public acceptance of policy alternatives as a way to link NEO science and policy in the context of the overall NH9.12 panel.

  20. 直销银行国际经验借鉴及对我国的启示%International Experience of Direct Bank and Implications for China

    Institute of Scientific and Technical Information of China (English)

    董玉峰; 陈维国

    2015-01-01

    The rapid rise of Web finance sparked Direct Bank development of China’s commercial banks. The di-rect bank,as a new business operating model,has less organization,staff fine,small cost and other notable features. Foreign Direct bank accumulated many mature development experiences and China already has a customer base and technical conditions for the development of direct banking. To develop direct banks, clearly locate target customer groups,correctly handle competing relationship of internal and external,perfect risk management and regulatory poli-cies are needed.%互联网金融的迅速兴起激起了我国商业银行发展直销银行的热潮。作为一种新型的业务运营模式,直销银行具有机构少、人员精、成本小等显著特点。当前我国已具备了发展直销银行的客户基础和技术条件,进一步应该确定位目标客户群体、建立专属的产品体系、正确处理内外部竞合关系、完善风险管理和相关监管政策。

  1. IMPLICATION OF FISCAL POLICY FOR THE ROMANIAN ECONOMY DURING 2000 - 2015

    Directory of Open Access Journals (Sweden)

    Narcisa Roxana MOSTEANU

    2015-08-01

    Full Text Available This paper aims to examine the result of implication of fiscal policy and their objectives in Romanian economy during 2000 – 2015. The analysis is focused on the expectations and results achieved through the implemented objectives of the fiscal policy. The paper draws especially on the results reflected in the revenues collected to the general consolidated budget of the state, in the share of deficit of general consolidated budget of the state in GDP, on the level of taxation. Also the paper use the financial and fiscal regulation during the period mentioned. Fiscal policy has intense interactions with regional policies, budgetary, monetary, social, as well as and development strategies, regional or national. This aspect is important in order to achieve macroeconomic stability, resulted in achieving sustainable economic growth, in condition of des-inflation, maintaining the current account deficit within limits financed in a sustainable way (in particular foreign direct investment and strengthening the state foreign exchange reserve.

  2. Policy Implications of the Use of Retail Clinics.

    Science.gov (United States)

    Weinick, Robin M; Pollack, Craig Evan; Fisher, Michael P; Gillen, Emily M; Mehrotra, Ateev

    2011-01-01

    Retail clinics, located within larger retail stores, treat a limited number of acute conditions and offer a small set of preventive services. Although there are nearly 1,200 such clinics in the United States, a great deal about their utilization, relationships with other parts of the health care system, and quality of care remains unknown. The federal government has taken only limited action regarding retail clinics, and little evidence exists about the potential costs and benefits of integrating retail clinics into federal programs and initiatives. Through a literature review, semistructured interviews, and a panel of experts, the authors show that retail clinics have established a niche in the health care system based on their convenience and customer service. Levels of patient satisfaction and of the quality and appropriateness of care appear comparable to those of other provider types. However, we know little about the effects of retail clinic use on preventive services, care coordination, and care continuity. As clinics begin to expand into other areas of care, including chronic disease management, and as the number of patients with insurance increases and the shortage of primary care physicians continues, answering outstanding questions about retail clinics' role in the health care system will become even more important. These changes will create new opportunities for health policy to influence both how retail clinics function and the ways in which their care is integrated with that of other providers.

  3. Alcohol dependence: international policy implications for prison populations

    Directory of Open Access Journals (Sweden)

    Hoffmann Norman G

    2006-11-01

    Full Text Available Abstract Background In light of the emphasis on drug abuse, this study explored the relative prevalence of substance use disorders among United Kingdom (UK prison inmates in the context of findings from a general inmate population in the United States (US. The lead author of the report conducted a structured diagnostic interview with 155 new admissions to one of two prisons in the UK using the CAAPE (Comprehensive Addiction And Psychological Evaluation, a structured diagnostic interview, to ensure consistent assessments. The US sample consisted of 6,881 male inmates in a state prison system evaluated with an automated version of the SUDDS-IV (Substance Use Disorder Diagnostic Schedule-IV interview. Results Alcohol dependence emerged as the most prevalent substance use disorder in both UK prisons and in the US sample. Relative frequencies of abuse and dependence for alcohol and other drugs revealed that dependence on a given substance was more prevalent than abuse ad defined by the current diagnostic criteria. Conclusion Despite the emphasis on drugs in correctional populations, alcohol dependence appears to be the most prominent substance use disorder among the incarcerated in both the US and UK and must be considered in developing treatment programs and policy priorities.

  4. Fully Digital: Policy and Process Implications for the AAS

    CERN Document Server

    Biemesderfer, Chris

    2012-01-01

    Over the past two decades, every scholarly publisher has migrated at least the mechanical aspects of their journal publishing so that they utilize digital means. The academy was comfortable with that for a while, but publishers are under increasing pressure to adapt further. At the American Astronomical Society (AAS), we think that means bringing our publishing program to the point of being fully digital, by establishing procedures and policies that regard the digital objects of publication primarily. We have always thought about our electronic journals as databases of digital articles, from which we can publish and syndicate articles one at a time, and we must now put flesh on those bones by developing practices that are consistent with the realities of article at a time publication online. As a learned society that holds the long-term rights to the literature, we have actively taken responsibility for the preservation of the digital assets that constitute our journals, and in so doing we have not forsaken t...

  5. Policy implications of trends in Turkey's meat sector with respect to 2023 vision.

    Science.gov (United States)

    Yavuz, Fahri; Bilgic, Abdulbaki; Terin, Mustafa; Guler, Irfan O

    2013-12-01

    Turkey has become one of the leading emerging economies in the world being second after China as the highest economically growing country with 8.9% economic growth rate in 2010. Forecasting impacts of this development in coming 10 years might have very important policy implications for the meat sector in the framework of 2013 vision of Turkey. In this study, annual time series data which contain several key variables of meat sector in last 26 years (1987-2012) are used to forecast the variables of the coming twelve years (2013-2024) to drive policy implications by considering the impacts of high economic growths, crises and major policy changes. Forecasted future values of the variables for 2023 in the sector are assessed and compared with recent national and international values to drive policy implications. The results show that the economic growth results in the increase in per capita income and thus increased demand for meat seemed to foster the meat sector. Therefore, these macroeconomic indicators need to be better in addition to improvements at micro level for establishing competitive meat sector and thus reaching aimed consumption level of meat.

  6. Central Bank Capital and the Effectiveness of Monetary Policy%央行资本金与货币政策的有效性

    Institute of Scientific and Technical Information of China (English)

    肖崎; 王迪

    2014-01-01

    2007年次贷危机后,各国央行都承担起“最后贷款人”的职责,救助金融机构,央行自身资产负债表的质量不断恶化,引发对中央银行资本金的关注。央行在履行维持物价稳定和一些“准财政”职能时,资本金可能遭受损失,资本金的损失会影响到央行的公信力和独立性,以及货币政策的有效性。充足的央行资本金对于货币政策的有效执行来说是一种有力的保障。%After the subprime crisis in 2007,the central banks of all countries took up the role of the lender of last resort and injected liquidity into financial institutions. This has made the quality of central bank balance sheet continu-ously deteriorate,which arouses attention to emphasizing the importance of the central banks’capital adequacy. When realizing its responsibility in keeping the stability of prices and some of its quasi-fiscal functions,its is possible for the central bank to suffering losses of capital. The inadequacy of its capital will influence the credibility and independence of central bank and undermine the effectiveness of monetary policy. Therefore,adequate capital of central banks can en-sure the effective conduction of monetary policy.

  7. Identity politics: implications for gender analysis policy and training.

    Science.gov (United States)

    Erturk, Y

    1997-01-01

    As attention has shifted from a concern for citizenship, equality, and welfare to ideas of empowerment, equity, and governance, the locus of competition over power has rested with "identity politics," a recognition of cultural diversity that claims the legitimate right to produce alternative definitions and symbols of identity in public space. The change in identity formation from universal/national to fractured/tribalizing has implications for gender relations in contexts where patriarchal power controls production and reproduction. Except for feminism, all discourses in the current competition over identity politics are patriarchal. A look at the forces of change that shifted the process of modernization to a process of globalization reveals that, while modernization tends to standardize, globalization embraces the contradictory forces of universalizing and diversifying trends. Issues of identity and inequality were not problematic until the modern and the traditional subsumed each other and, thus, revealed the inherent contradictions of modernization. The diversifying forces that jeopardize the transnationalization of identity into membership in a "human society" include 1) language differences among the working classes, 2) growing global inequalities, and 3) collective memories of antagonistic histories. An analysis of gender based on identity politics can be conducted on a macro-level to understand the reluctance of central governments to initiate certain interventions, competing needs, new contradictions, changing gender roles, and the importance of promoting a global social contract.

  8. National policy implications of the basic needs model.

    Science.gov (United States)

    Soedjatmoko

    1979-07-01

    The basic needs approach to development posits that once the basic needs of all the members of a society for food, health, education, housing, and employment are fulfilled, internal development of the country will be automatically generated. The goals of this approach have been widely discussed, but little serious attention has been given to determining the national policy needed to implement this approach. To meet the nutritional and employment needs, land reform and the democratization of rural areas must be achieved. At the same time rural residents must be encouraged to become self-reliant. Labor intensive public works projects must be emphasized and small business enterprises encouraged. Self-help housing efforts should be promoted. Medical education must be reoriented toward the needs of the poor. At the same time, the graduates of the medical schools must be able to function in the urban environment and keep abreast of recent medical developments. Similarly, if the educational goals of functional literacy for all citizens and universal primary education of all children are to be met, the educational institutions must commit themselves to the poor while continuing to meet urban demands for improved education. Rural development will necessitate the allocation of increased energy resources to rural areas. Information on developmental assistance must be made available to all segments of the population, cultural values must be integrated into development plans, and evaluation must be built into all development programs. In conclusion, the implementation of this approach requires contradictory structural changes such as the reallocation of resources. On the other hand, local community and individual participation, decision making, and innovation are posited as necessary ingredients for successful project outcome.

  9. Economic and policy implications of the cumulative carbon budget

    Science.gov (United States)

    Allen, M. R.; Otto, F. E. L.; Otto, A.; Hepburn, C.

    2014-12-01

    The importance of cumulative carbon emissions in determining long-term risks of climate change presents considerable challenges to policy makers. The traditional notion of "total CO2-equivalent emissions", which forms the backbone of agreements such as the Kyoto Protocol and the European Emissions Trading System, is fundamentally flawed. Measures to reduce short-lived climate pollutants benefit the current generation, while measures to reduce long-lived climate pollutants benefit future generations, so there is no sense in which they can ever be considered equivalent. Debates over the correct metric used to compute CO2-equivalence are thus entirely moot: both long-lived and short-lived emissions will need to be addressed if all generations are to be protected from dangerous climate change. As far as long-lived climate pollutants are concerned, the latest IPCC report highlights the overwhelming importance of carbon capture and storage in determining the cost of meeting the goal of limiting anthropogenic warming to two degrees. We will show that this importance arises directly from the cumulative carbon budget and the role of CCS as the technology of last resort before economic activity needs to be restricted to meet ambitious climate targets. It highlights the need to increase the rate of CCS deployment by orders of magnitude if the option of avoiding two degrees is to be retained. The difficulty of achieving this speed of deployment through conventional incentives and carbon-pricing mechanisms suggests a need for a much more direct mandatory approach. Despite their theoretical economic inefficiency, the success of recent regulatory measures in achieving greenhouse gas emissions reductions in jurisdictions such as the United States suggests an extension of the regulatory approach could be a more effective and politically acceptable means of achieving adequately rapid CCS deployment than conventional carbon taxes or cap-and-trade systems.

  10. Technologies, Democracy and Digital Citizenship: Examining Australian Policy Intersections and the Implications for School Leadership

    Directory of Open Access Journals (Sweden)

    Kathryn Moyle

    2014-01-01

    Full Text Available There are intersections that can occur between the respective peak Australian school education policy agendas. These policies include the use of technologies in classrooms to improve teaching and learning as promoted through the Melbourne Declaration on Educational Goals for Young Australians and the Australian Curriculum; and the implementation of professional standards as outlined in the Australian Professional Standard for Principals and the Australian Professional Standards for Teachers. These policies create expectations of school leaders to bring about change in classrooms and across their schools, often described as bringing about ‘quality teaching’ and ‘school improvement’. These policies indicate that Australian children should develop ‘democratic values’, and that school principals should exercise ‘democratic values’ in their schools. The national approaches to the implementation of these policies however, is largely silent on promoting learning that fosters democracy through education, or about making connections between teaching and learning with technologies, school leadership and living in a democracy. Yet the policies promote these connections and alignments. Furthermore, understanding democratic values, knowing what is a democracy, and being able to use technologies in democratic ways, has to be learned and practiced. Through the lens of the use of technologies to build digital citizenship and to achieve democratic processes and outcomes in schools, these policy complexities are examined in order to consider some of the implications for school leadership.

  11. 12 CFR 615.5144 - Banks for cooperatives and agricultural credit banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Banks for cooperatives and agricultural credit banks. 615.5144 Section 615.5144 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management §...

  12. 12 CFR 1500.6 - What risk management, record keeping and reporting policies are required to make merchant banking...

    Science.gov (United States)

    2010-01-01

    ... Banking DEPARTMENT OF THE TREASURY GENERAL PROVISIONS MERCHANT BANKING INVESTMENTS § 1500.6 What risk... relationships (including contingent fees or contingent interests) with each company in which the financial... subsidiaries from legal liability for the operations conducted and financial obligations of each such...

  13. Revival of Legacy of Tooke and Gibson: Implications for Monetary Policy

    Directory of Open Access Journals (Sweden)

    Rehman Atiq-ur

    2015-05-01

    Full Text Available The monetary policy rules used by central banks these days are based on the assumption that inflation could be reduced by increasing interest rate. On contrary, Tooke (1774-1858, the forefather of monetary economics, was of the view that the relationship between interest rate and inflation should be positive. His view was based on simple logic, ‘interest is a part of cost, and therefore, the increase in interest rate should increase inflation by increasing cost of production (Tooke, 1838’. Tooke’s view has got support from a number of empirical evidence including Gibson (1923 who found positive correlation between two variables for UK data over a period of 200 years. On the other hand, mainstream economic thinking on which the actual monetary practices are based ignored any possibility of positive relationship between interest rate and inflation throughout the history. The existence of Tooke’s cost side effects of monetary policy is a serious concern because if these effects exist than the use of monetary policy would be counterproductive. Using the data from entire globe, I attempt to explore the nature of relationship between the interest rate and inflation. I found that the data supports the perception of Tooke and Gibson and denies that the effectiveness of monetary policy currently adapted by the correlation between interest rate and inflation is positive. The results are robust to sample size, sample period, and various definitions of interest rate and inflation.

  14. WMD first response: requirements, emerging technologies, and policy implications

    Energy Technology Data Exchange (ETDEWEB)

    Vergino, E S; Hoehn, W E

    2000-06-19

    some 50 representatives of the emergency response, technology development, and policy communities. Participating in this workshop were first responders (representing law enforcement, public health, and emergency response personnel from Los Angeles County, Salt Lake City, Atlanta, and London, England), technology developers from US government laboratories and universities, and policymakers from both the executive and legislative branches of the federal government. The workshop had several objectives. First, we wanted the emergency responders to define the utility of various technologies and tools currently available for first response to a WMD event. Second, we expected the workshop to provide input to the technologists directly from the field users, regarding their special requirements for, and constraints on the use of, new emergency response technologies. Third, we planned to expose the first responders to the types of new technologies under development and allow them the opportunity to ask questions and voice their needs. Finally, we planned to provide recommendations to policymakers for new directions for development and investment of technology.

  15. NEW APPROACHES IN MONETARY POLICY MATTERS OF THE NATIONAL BANK OF ROMANIA (NBR FOLLOWING THE OUTBREAK OF THE INTERNATIONAL FINANCIAL CRISIS

    Directory of Open Access Journals (Sweden)

    SBÂRCEA IOANA RALUCA

    2012-09-01

    Full Text Available The monetary issue is a current one, given the fact that now, through this component of the economicpolicy, the monetary authority of each state tries to solve the problems considered essential for each economyseparately. Through this article I will try to capture the main changes that have been made regarding theimplementation of the monetary policy of the NBR following the international financial crisis. The fact is that theNational Bank of Romania’s approach has changed, in the sense that the objective of targeting the inflation hasbecome a secondary one and the actions for supporting the economy and the Romanian banking system have takenthe first place. Thus, we showed that approaches of the National Bank of Romania before and after the financialcrisis. Thus, we observed the opposite sense in using the main monetary policy instruments, namely encouragingliquidity absorption from the market before 2008, through practicing high levels of the reference rate and of theminimum mandatory reserves and through encouraging the liquidity provision in the market after 2008 by graduallyreducing the benchmark interest rate and the mandatory reserve ratio. At first sight the purpose of this newapproach is obvious, namely credit growth for an economic recovery. This is possible under the conditions thatthese loans are addressed to the corporations directly productive that can contribute to achieving this goal. InRomania, however, these measures had as a result a significant increase of the loans granted to the state, an aspectthat contributes to indebtedness of the economy and not to its recovery.

  16. A n Experimental Investigation of Online Banking Adoption in China

    Directory of Open Access Journals (Sweden)

    Guangying Hua

    2009-05-01

    Full Text Available O nline banking, an Internet based service enabling people to do financial transactions, has been an obstacle for the development of e - commerce in China. T his paper investigates the online banking acceptance in China. We conduct ed an experiment to investigate how users’ perception about online ba n king is af fected by the perceived ease of use of website and the privacy policy provided by the online banking website. We find that both perceived ease of use and privacy policy have a significant impact on user’s adoption of online banking. In this study , we also investigate the relative importance of perceived ease of use, privacy, and security. P erceived ease of use is of less importance than privacy and security. S ecurity is the most important factor influencing user ’ s adoption. A discussion of the implications of these results and limitations are provided at the end

  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. Legalization of marijuana for non-medical use: health, policy, socioeconomic, and nursing implications.

    Science.gov (United States)

    Durkin, Anne

    2014-09-01

    The legalization of marijuana is a controversial issue with implications for health care providers, policy makers, and society at large. The use of marijuana for medical reasons is accepted in many states. However, legal sale of the drug for non-medical use began for the first time on January 1, 2014, in Colorado, following a relaxation of marijuana restrictions that is unprecedented worldwide. News reports have indicated that sales of the drug have been brisk. Marijuana-infused food products have been unexpectedly popular, exceeding sales projections. Marijuana use is associated with numerous physical and mental disorders and could result in addiction. Evidence suggests its potency has increased since the 1980s. Colorado has established regulations regarding the sale of marijuana for non-medical use, but concerns still exist. The current article offers a discussion of the health, public policy, socioeconomic, and nursing implications of the legalization of marijuana for non-medical use.

  19. 12 CFR 337.11 - Effect on other banking practices.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Effect on other banking practices. 337.11 Section 337.11 Banks and Banking FEDERAL DEPOSIT INSURANCE CORPORATION REGULATIONS AND STATEMENTS OF GENERAL POLICY UNSAFE AND UNSOUND BANKING PRACTICES § 337.11 Effect on other banking practices. Nothing...

  20. 12 CFR 614.4020 - Banks for cooperatives.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Banks for cooperatives. 614.4020 Section 614.4020 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Lending Authorities § 614.4020 Banks for cooperatives. (a) Banks for cooperatives are authorized to...

  1. 12 CFR 614.4355 - Banks for cooperatives.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Banks for cooperatives. 614.4355 Section 614.4355 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Lending and Leasing Limits § 614.4355 Banks for cooperatives. No bank for cooperatives may make a loan...

  2. Rotenone Decreases Hatching Success in Brine Shrimp Embryos by Blocking Development: Implications for Zooplankton Egg Banks

    Science.gov (United States)

    Hutchison, Evan R.; Neumeyer, Courtney H.; Gunderson, Matthew D.

    2016-01-01

    While many zooplankton species recover quickly after the treatment of water resources with the piscicide, rotenone, some fail to reach pretreatment population density or, in rare cases, do not reappear at all. The variable impact of rotenone on zooplankton populations could stem from differences in the capacity of species to switch entirely to anaerobic catabolic pathways in the presence of rotenone, which blocks mitochondrial electron transport. Alternatively, variable responses among species could originate from differences in permeability of dormant life-stages to lipophilic chemicals like rotenone. The purpose of the present study was to determine the effects of rotenone on development, emergence and hatching of zooplankton embryos that lack both the anaerobic capacity to develop in the presence of rotenone and a permeability barrier to prevent the entry of rotenone during dormancy. Post-diapause embryos of the brine shrimp, Artemia franciscana, were employed as a model system, because they are permeable to lipophilic compounds when dechorionated and require aerobic conditions to support development. Early development in this species is also well characterized in the literature. Brine shrimp embryos were exposed to rotenone while development was either slowed by chilling or suspended by anoxia. Development, emergence and hatching were then observed in rotenone-free artificial seawater. The data presented demonstrate that rotenone freely diffuses across the embryonic cuticle in a matter of hours, and prevents development and emergence after brief exposures to ecologically relevant concentrations (0.025–0.5 mg L-1) of the piscicide. Neither the removal of rotenone from the environment, nor the removal of embryonic water with a hypertonic solution, are sufficient to reverse this block on development and emergence. These data indicate that rotenone could impair recruitment from egg banks for species of zooplankton that lack both an embryonic barrier to the entry

  3. Economic analysis and policy implications of wastewater use in agriculture in the central region of Ethiopia

    OpenAIRE

    Weldesilassie, Alebel Bayrau

    2008-01-01

    The general objective of this study was to analyze the impact of wastewater use in agriculture. It mainly focused on three aspects of wastewater use for irrigation and their policy implications: impact on crop production and productivity; its impact on the health of farmers; and the value attached to its safe use for irrigation. The main objectives of the study were, therefore, 1) to define the farming system of wastewater farmers and to analyze the impact of wastewater on crop productivity; ...

  4. Inter-generational effect of parental time and its policy implications

    OpenAIRE

    2012-01-01

    Why do parents with more human capital spend more time teaching and taking care of their children, in spite of the higher opportunity cost? How does this aect inter-generational mobility and wage inequality? Does this have any implications on the policy that provides public schooling through income taxation? We develop and estimate a theoretical model to answer these questions, in the light that parental time investment is a powerful means of transmitting human capital inter-generationally.

  5. A Biological Security Motivation System for Potential Threats: Are There Implications for Policy-Making?

    OpenAIRE

    Woody, Erik Z.; Henry eSzechtman

    2013-01-01

    Research indicates that there is a specially adapted, hard-wired brain circuit, the security motivation system, which evolved to manage potential threats, such as the possibility of contamination or predation. The existence of this system may have important implications for policy-making related to security. The system is sensitive to partial, uncertain cues of potential danger, detection of which activates a persistent, potent motivational state of wariness or anxiety. This state motivates ...

  6. Landscape Transformation in Tropical Latin America: Assessing Trends and Policy Implications for REDD+

    OpenAIRE

    Maria del Carmen Vera Diaz; Louis Putzel; Andres Etter; Jan Börner; Pablo Pacheco; Mariel Aguilar-Støen

    2010-01-01

    Important transformations are underway in tropical landscapes in Latin America with implications for economic development and climate change. Landscape transformation is driven not only by national policies and markets, but also by global market dynamics associated with an increased role for transnational traders and investors. National and global trends affect a disparate number of social, political and economic interactions taking place at the local level, which ultimately shapes land-use a...

  7. Violent crime in post-civil war Guatemala: causes and policy implications

    OpenAIRE

    2015-01-01

    Approved for public release; distribution is unlimited Guatemala is one of the most violent countries in Latin America, and thus the world. The primary purpose of this thesis is to answer the following question: what factors explain the rise of violent crime in post-civil war Guatemala? The secondary focus of this thesis is to identify the transnational implications of Guatemala’s violence for U.S. policy. Guatemala’s critical security environment requires the identification of causal rela...

  8. Implications of Climate Policies for Future Aerosol: Health and Economic Impacts

    Science.gov (United States)

    Selin, N. E.; Wang, C.; Sokolov, A. P.; Paltsev, S.; Webster, M. D.; Reilly, J. M.

    2010-12-01

    We quantify the global changes in atmospheric aerosol (PM2.5) and their related health and economic impacts under a reference case and four greenhouse gas stabilization scenarios to 2050. Policies to reduce greenhouse gas emissions could reduce emissions of aerosol precursors, due to reduced energy use or cleaner energy generation. We assess these potential benefits using climate policy scenarios from the MIT Integrated Global Systems Model (IGSM) framework, which consists of a set of coupled models for the climate, ecosystem, atmospheric chemistry and economy, at global scale. We use aerosol precursor emissions and greenhouse gas forcings from the IGSM to drive the MIT/NCAR version of the Community Atmospheric Model version 3 (CAM3). We calculate the influence of future aerosol precursor emissions changes, climatic changes, and their combined effects on population-weighted average PM2.5 in sixteen global regions. We then use an economic and health model to quantify the implications of these changes for human disease and the global economy. Finally, we compare the magnitude of these changes to the cost of greenhouse gas policies. We find that global aerosol-related health and economic benefits associated with climate policies are smaller than estimated global costs of climate policy, but not negligible in the context of policy analysis.

  9. A Biological Security Motivation System for Potential Threats: Are There Implications for Policy-Making?

    Directory of Open Access Journals (Sweden)

    Erik Z Woody

    2013-09-01

    Full Text Available Research indicates that there is a specially adapted, hard-wired brain circuit, the security motivation system, which evolved to manage potential threats, such as the possibility of contamination or predation. The existence of this system may have important implications for policy-making related to security. The system is sensitive to partial, uncertain cues of potential danger, detection of which activates a persistent, potent motivational state of wariness or anxiety. This state motivates behaviours to probe the potential danger, such as checking, and to correct for it, such as washing. Engagement in these behaviours serves as the terminating feedback for the activation of the system. Because security motivation theory makes predictions about what kinds of stimuli activate security motivation and what conditions terminate it, the theory may have applications both in understanding how policy-makers can best influence others, such as the public, and also in understanding the behavior of policy-makers themselves.

  10. How Mobile Are Resources in Chinese Agriculture?——Implications for China's Agricultural Trade Policy

    Institute of Scientific and Technical Information of China (English)

    Funing Zhong; Jing Zhu; Zhengqin Xie

    2007-01-01

    Agricultural trade policy in China has been the subject of heated discussion since China's accession to the WTO. Studies have been carried out and propositions put forth regarding comparative advantage, food security, development of the industry, and farmers' income.In this paper, we attempt to provide an analysis from another important perspective:resource mobility, which is an essential assumption in free trade theory. By examining the mobility of different production resources in Chinese agriculture, namely natural resources,capital inputs, human resources and institutional arrangements, we found that for most production resources in Chinese agriculture, mobility is low. The results have significant policy implications in two respects: first, protective measures in the transitional period for certain crops in certain areas in China are legitimate and necessary to ensure social stability; and second, policy instruments to improve resource mobility in Chinese agricultural should be explored and implemented to realize more trade benefit in the future.

  11. Complexity of Work-Life Identities and Policy Development: Implications for Work-Life in Higher Education

    Science.gov (United States)

    Lester, Jaime

    2016-01-01

    This chapter describes the themes that emerged in this volume with attention to important policy implications on the federal, state, and institutional levels. Recommendations for future research are provided.

  12. Research on the Macroprudential Policy and Banks'Risk Taking%宏观审慎政策与银行风险承担研究

    Institute of Scientific and Technical Information of China (English)

    沈沛龙; 王晓婷

    2015-01-01

    针对宏观审慎政策中的逆周期政策工具对银行风险承担产生的影响进行了分析。在理论上研究了逆周期政策工具所带来的宏观和微观效应,并运用动态面板数据广义矩估计方法进行了实证分析。研究发现,在信贷扩张期杠杆率、贷款损失准备金率的上升会使银行的当期风险承担水平增加,资本充足率的提高使风险承担降低。而滞后六个月的资本充足率、杠杆率、贷款损失准备金率的上升可以显著降低当期的风险承担水平,宏观审慎政策工具的宏观效应和微观效应一致。%This paper analyzes the impact of countercyclical policy instruments on banks'risk taking in the framework of macroprudential policy.It studies the macro and micro effects of countercyclical policy instruments theoretically and uses dynamic panel data GMM estimation em-pirically.The study finds that there is a positive relationship between leverage ratio,loan loss re-serve ratio and banks'risk taking,and a negative relationship between capital adequacy ratio and banks'risk taking.The increase of capital adequacy ratio,leverage ratio,loan loss reserve ratio which are lag of six months can reduce current banks'risk taking significantly.The macro and mi-cro effects of macroprudential policy instruments are consistent.

  13. Biodiversity and Habitat Markets—Policy, Economic, and Ecological implications of Market-Based Conservation

    Science.gov (United States)

    Pindilli, Emily; Casey, Frank

    2015-10-26

    This report is a primer on market-like and market-based mechanisms designed to conserve biodiversity and habitat. The types of markets and market-based approaches that were implemented or are emerging to benefit biodiversity and habitat in the United States are examined. The central approaches considered in this report include payments for ecosystem services, conservation banks, habitat exchanges, and eco-labels. Based on literature reviews and input from experts and practitioners, the report characterizes each market-based approach including policy context and structure; the theoretical basis for applying market-based approaches; the ecological effectiveness of practices and tools for measuring performance; and the future outlook for biodiversity and habitat markets. This report draws from previous research and serves as a summary of pertinent information associated with biodiversity and habitat markets while providing references to materials that go into greater detail on specific topics.

  14. China's CDM Policies and Their Development Implications: Major Concerns for CDM Implementation

    Institute of Scientific and Technical Information of China (English)

    Zhu Xianli; Pan Jiahua

    2006-01-01

    Most CDM (Clean Development Mechanism)opportunities exist in some large industrializing developing countries. For instance, China is estimated to take 48% of the world potential for CDM project activities. In reality, however, the share by China over the CDM projects registered and CDM projects in the pipeline is less than 10% as of Auguest 2005. This paper will examine the reasons behind, as reflected in China's CDM policies. Further investigation will be made into the use of these policies to boost the country's sustainable development, the sustainable development implications and effects of these policies. In addition, it is noted that incompatibility of some other Chinese laws and policies can be responsible for the low level and slow pace of CDM implementation in China and some suggestions are offered for promoting CDM project activities in China. There also exist barriers at the international level that impedes implementation of CDM project activities. A conclusion is drawn that CDM policies in a developing country like China aim mainly at promotion of sustainable development and to a lesser extent the generation of CERs.

  15. 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

  16. IMPLICATIONS OF THE EU MULTI-LEVEL GOVERNANCE IN THE FIELD OF COMPETITION POLICY – A COMPARATIVE ANALYSIS OF THE CHARACTERISTICS OF COHESION AND COMPETITION POLICIES

    Directory of Open Access Journals (Sweden)

    Florin Bonciu

    2011-09-01

    Full Text Available The paper aims at analyzing the intrinsic characteristics of the European Union and to show that these characteristics objectively require the implementation of multi-level governance. A comparative analysis of the European Union’s cohesion and competition policy is presented from the point of view of these elements. Further on, given the implications of the economic crisis, the paper explores the possible translation from multi-level governance to polycentric governance and its implications for the cohesion and competition policies.

  17. Mitigating Evidentiary Bias in Planning and Policy-Making; Comment on “Reflective Practice: How the World Bank Explored Its Own Biases?”

    Directory of Open Access Journals (Sweden)

    Justin Parkhurst

    2017-02-01

    Full Text Available The field of cognitive psychology has increasingly provided scientific insights to explore how humans are subject to unconscious sources of evidentiary bias, leading to errors that can affect judgement and decision-making. Increasingly these insights are being applied outside the realm of individual decision-making to the collective arena of policy-making as well. A recent editorial in this journal has particularly lauded the work of the World Bank for undertaking an open and critical reflection on sources of unconscious bias in its own expert staff that could undermine achievement of its key goals. The World Bank case indeed serves as a remarkable case of a global policy-making agency making its own critical reflections transparent for all to see. Yet the recognition that humans are prone to cognitive errors has been known for centuries, and the scientific exploration of such biases provided by cognitive psychology is now well-established. What still remains to be developed, however, is a widespread body of work that can inform efforts to institutionalise strategies to mitigate the multiple sources and forms of evidentiary bias arising within administrative and policy-making environments. Addressing this gap will require a programme of conceptual and empirical work that supports robust development and evaluation of institutional bias mitigation strategies. The cognitive sciences provides a scientific basis on which to proceed, but a critical priority will now be the application of that science to improve policy-making within those agencies taking responsibility for social welfare and development programmes.

  18. Creating value in health care through big data: opportunities and policy implications.

    Science.gov (United States)

    Roski, Joachim; Bo-Linn, George W; Andrews, Timothy A

    2014-07-01

    Big data has the potential to create significant value in health care by improving outcomes while lowering costs. Big data's defining features include the ability to handle massive data volume and variety at high velocity. New, flexible, and easily expandable information technology (IT) infrastructure, including so-called data lakes and cloud data storage and management solutions, make big-data analytics possible. However, most health IT systems still rely on data warehouse structures. Without the right IT infrastructure, analytic tools, visualization approaches, work flows, and interfaces, the insights provided by big data are likely to be limited. Big data's success in creating value in the health care sector may require changes in current polices to balance the potential societal benefits of big-data approaches and the protection of patients' confidentiality. Other policy implications of using big data are that many current practices and policies related to data use, access, sharing, privacy, and stewardship need to be revised.

  19. Implications of the Private Property Right to the Community Forest Businesses Formalization through the Certification Policy

    Directory of Open Access Journals (Sweden)

    Bramasto Nugroho

    2014-01-01

    Full Text Available This study aimed to analyze the implication of formalization of community forest business efforts through mandatory timber legality certification policy. Field survey was conducted in March–April 2012 in 3 districts in Central of Java namely Blora, Wonogiri, and Wonosobo District. The results showed that community forest is mainly planting in their private owned land. It brings 2 consequences. Firstly, their willingness to manage their forest sustainably was emerged without any enforcement from external parties. Secondly, there were autonomous in decision making in their way to manage their forest such as they only planted tree species that easy to sell and valuable, they only cut their trees when they need huge money for children schooling, marriage, illness, and housing. The autonomous decision making gives also the owners (farmers other alternatives to utilize their land otherwise planting the trees. It is mean, if the policy is decreasing the potential benefits from growing the trees, they can also convert their community forest into other business in which profitable and easy to sell their products. From those facts, it seems the formalization of community forest business through mandatory certification is not a proper policy to enhance the community forest.Keywords: community forest, formalization, policy, private property, timber legality DOI: 10.7226/jtfm.19.3.178

  20. Dynamic economic analysis on invasive species management: some policy implications of catchability.

    Science.gov (United States)

    Kotani, Koji; Kakinaka, Makoto; Matsuda, Hiroyuki

    2009-07-01

    The problem of controlling invasive species has emerged as a global issue. In response to invasive species threats, governments often propose eradication. This article challenges the eradication view by studying optimal strategies for controlling invasive species in a simple dynamic model. The analysis mainly focuses on deriving policy implications of catchability in a situation where a series of controlling actions incurs operational costs that derive from the fact that catchability depends on the current stock size of invasive species. We analytically demonstrate that the optimal policy changes drastically, depending on the sensitivity of catchability in response to a change in the stock size, as well as on the initial stock. If the sensitivity of catchability is sufficiently high, the constant escapement policy with some interior target level is optimal. In contrast, if the sensitivity of catchability is sufficiently low, there could exist a threshold of the initial stock which differentiates the optimal action between immediate eradication and giving-up without any control. In the intermediate range, immediate eradication, giving-up without any control, or more complex policies may be optimal. Numerical analysis is employed to present economic intuitions and insights in both analytically tractable and intractable cases.

  1. The History and Problems in the Making of Education Policy at the World Bank 1960-2000

    Science.gov (United States)

    Heyneman, S. P.

    2003-01-01

    The reports seem contradictory. With about three billion dollars per year in new loan commitments, the World Bank has become the single largest source of development capital in the field of international education. These resources help expand educational opportunities for young women in South Asia and rebuild primary schools following civil…

  2. Rural Households’ Adaptation to Climate Change and its Implications for Policy Designs in Lijiang, China

    DEFF Research Database (Denmark)

    Zheng, Yuan

    . The thesis, carried out in three mountain villages in southwest China, seeks to advance the understanding of local adaptation process and its implications for vulnerability and policy designs. In particular, the research contributes to quantitative assessment of current and forward-looking adaptation...... and perceived adaptive capacity, when it comes to explaining adaptation intention; 3) the significance of households’ assets and access to them as well as livelihood features as key constituents of capacity to cope and adapt; 4) the heterogeneity of adaptations and vulnerability profiles across individual...

  3. Scientific thinking in young children: theoretical advances, empirical research, and policy implications.

    Science.gov (United States)

    Gopnik, Alison

    2012-09-28

    New theoretical ideas and empirical research show that very young children's learning and thinking are strikingly similar to much learning and thinking in science. Preschoolers test hypotheses against data and make causal inferences; they learn from statistics and informal experimentation, and from watching and listening to others. The mathematical framework of probabilistic models and Bayesian inference can describe this learning in precise ways. These discoveries have implications for early childhood education and policy. In particular, they suggest both that early childhood experience is extremely important and that the trend toward more structured and academic early childhood programs is misguided.

  4. 12 CFR 614.4125 - Funding and discount relationships between Farm Credit Banks or agricultural credit banks and...

    Science.gov (United States)

    2010-01-01

    ... and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Bank... available must be recalculated without that ineligible loan. (b) The Farm Credit Bank or agricultural credit... consistent with the Farm Credit Bank's or agricultural credit bank's lending policies and loan...

  5. 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.

  6. QUING WHY paper: Framing gender intersections in the European Union: what implications for the quality of intersectionality in policies?

    DEFF Research Database (Denmark)

    Agustin, Lise Rolandsen; Lombardo, Emanuela

    are increasingly present but they are treated implicitly and from a separate perspective, and the inclusion of a wide range of inequalities often implies a degendering of the policy content. We assess the implications of the identified intersectionality trends for the quality of intersectionality in gender......This paper explores the extent to which the emergence of an anti-discrimination policy in the European Union (EU) implies a shift in EU gender equality policies towards an intersectional approach. The frame analysis of EU gender equality policy documents shows that intersectional dimensions...

  7. Size, Diversification and Risk: Preliminary Evidence from Commercial Banks in Pakistan

    Directory of Open Access Journals (Sweden)

    Ayesha Afzal

    2012-12-01

    Full Text Available The aim of this paper is to provide some preliminary evidence on relation between size, diversification and risk in commercial banks of Pakistan. Using a panel of Pakistani banks, we investigated whether bigger banks are better diversified than smaller banks.The results suggested that larger banks were more diversified than their smaller counterparts mainly on account of their outreach and size of credit portfolio. On the risk side, based on accounting and market based risk measures, we explored if there is any impact of diversification on risk. We could not deduce significant result in favor of accounting risk measure of impaired lending signaling that banks find no incentive in diversification of credit books. The market based measures of VaR and Default indicator were significantly related to diversification signifying that market participants consider diversification as a relevant tool for risk mitigation. These findings have policy implications for regulators and risk management to ensure stability in financial system.

  8. 12 CFR 614.4470 - Loans subject to bank approval.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Loans subject to bank approval. 614.4470 Section 614.4470 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Loan Approval Requirements § 614.4470 Loans subject to bank approval. (a) The following...

  9. 12 CFR 614.4000 - Farm Credit Banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Farm Credit Banks. 614.4000 Section 614.4000 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Lending Authorities § 614.4000 Farm Credit Banks. (a) Long-term real estate lending. Except to the extent...

  10. 12 CFR 614.4010 - Agricultural credit banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Agricultural credit banks. 614.4010 Section 614.4010 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Lending Authorities § 614.4010 Agricultural credit banks. (a) Long-term real estate lending. Except to...

  11. 12 CFR 345.44 - Public notice by banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Public notice by banks. 345.44 Section 345.44 Banks and Banking FEDERAL DEPOSIT INSURANCE CORPORATION REGULATIONS AND STATEMENTS OF GENERAL POLICY COMMUNITY REINVESTMENT Records, Reporting, and Disclosure Requirements § 345.44 Public notice by banks....

  12. Policy-Making Theory as an Analytical Framework in Policy Analysis: Implications for Research Design and Professional Advocacy.

    Science.gov (United States)

    Sheldon, Michael R

    2016-01-01

    Policy studies are a recent addition to the American Physical Therapy Association's Research Agenda and are critical to our understanding of various federal, state, local, and organizational policies on the provision of physical therapist services across the continuum of care. Policy analyses that help to advance the profession's various policy agendas will require relevant theoretical frameworks to be credible. The purpose of this perspective article is to: (1) demonstrate the use of a policy-making theory as an analytical framework in a policy analysis and (2) discuss how sound policy analysis can assist physical therapists in becoming more effective change agents, policy advocates, and partners with other relevant stakeholder groups. An exploratory study of state agency policy responses to address work-related musculoskeletal disorders is provided as a contemporary example to illustrate key points and to demonstrate the importance of selecting a relevant analytical framework based on the context of the policy issue under investigation.

  13. Implications of weak near-term climate policies on long-term climate mitigation pathways

    Energy Technology Data Exchange (ETDEWEB)

    Luderer, Gunnar; Bertram, Christoph; Calvin, Katherine V.; De Cian, Enrica; Kriegler, Elmar

    2016-05-09

    While the international community has set a target to limit global warming to no more than 2°C above pre-industrial levels, only a few concrete climate policies and measures to reduce greenhouse gas (GHG) emissions have been implemented. We use a set of three global integrated assessment models to analyze the implications of current climate policies on long-term mitigation targets. We define a weak-policy baseline scenario, which extrapolates the current policy environment by assuming that the global climate regime remains fragmented and that emission reduction efforts remain unambitious in most of the world’s regions. In this scenario, GHG concentrations stabilize at approximately 650 ppm CO2e, which clearly falls short of the international community’s long-term climate target. We investigate the cost and achievability of the stabilization of atmospheric GHG concentrations at 450 ppm CO2e by 2100, if countries follow the weak policy pathway until 2020 or 2030, before global cooperative action is taken to pursue the long-term mitigation target. Despite weak near-term action, a 450 ppm CO2e target is achievable in all the models. However, we find that a deferral of ambitious action exacerbates the challenges of low stabilization. Specifically, weak near-term action leads to (a) higher temporary overshooting of radiative forcing, (b) faster and more aggressive transformations of energy systems after target adoption, (c) more stranded investments in fossil-based capacities, and (d) higher long-term mitigation costs and carbon prices._

  14. The Effects of Monetary Policy on Bank Risk:An Analysis from Literature Research%货币政策对银行风险的影响--基于文献研究角度的分析

    Institute of Scientific and Technical Information of China (English)

    耿中元

    2014-01-01

    The impact of monetary policy on bank risk is a key element that needs to be considered in building financial macro-prudential regulatory framework in China.The effects of monetary policy on bank risk have become a hot debate in the academic and practical circles since the international fi-nancial crisis in 2008.The effects of monetary policy on bank risk include the passive effects of mone-tary policy on bank risk and active responses of monetary policy to bank risk and display a non-linear characteristic.STR model,a cutting-edge area of econometrics,has advantages in the study of non-linear economic behavior.Current researches on the effects of monetary policy on bank risk are carried out basically within a linear framework.Future feasible directions of researches on the issue are to clarify the mechanisms and ways of non-linear effects of monetary policy on bank risk and to build desirable non-linear STR models to test empirically the quantitative characteristic of the passive effects and active responses of monetary policy to bank risk.%货币政策对银行风险的影响,是中国构筑金融宏观审慎管理框架要考虑的关键要素。2008年国际金融危机发生后,货币政策对银行风险的影响成为争论的热点和焦点。货币政策对银行风险的影响,有被动影响与主动反应两种情形,具有非线性的特征。计量经济学前沿领域的 STR 模型,在研究非线性经济行为方面表现出了优越性。现有文献基本上在线性框架下研究货币政策对银行风险的影响。阐明货币政策对银行风险非线性影响的机理和方式,构建合意的非线性 STR模型,检验货币政策对银行风险的被动影响和主动反应的数量特征,是未来可行的研究方向。

  15. Energy sector water use implications of a 2 °C climate policy

    Science.gov (United States)

    Fricko, Oliver; Parkinson, Simon C.; Johnson, Nils; Strubegger, Manfred; van Vliet, Michelle TH; Riahi, Keywan

    2016-03-01

    Quantifying water implications of energy transitions is important for assessing long-term freshwater sustainability since large volumes of water are currently used throughout the energy sector. In this paper, we assess direct global energy sector water use and thermal water pollution across a broad range of energy system transformation pathways to assess water impacts of a 2 °C climate policy. A global integrated assessment model is equipped with the capabilities to account for the water impacts of technologies located throughout the energy supply chain. The model framework is applied across a broad range of 2 °C scenarios to highlight long-term water impact uncertainties over the 21st century. We find that water implications vary significantly across scenarios, and that adaptation in power plant cooling technology can considerably reduce global freshwater withdrawals and thermal pollution. Global freshwater consumption increases across all of the investigated 2 °C scenarios as a result of rapidly expanding electricity demand in developing regions and the prevalence of freshwater-cooled thermal power generation. Reducing energy demand emerges as a robust strategy for water conservation, and enables increased technological flexibility on the supply side to fulfill ambitious climate objectives. The results underscore the importance of an integrated approach when developing water, energy, and climate policy, especially in regions where rapid growth in both energy and water demands is anticipated.

  16. Mobility as a positional good : implications for transport policy and planning

    Energy Technology Data Exchange (ETDEWEB)

    Litman, T. [Victoria Transport Policy Institute, Victoria, BC (Canada)

    2007-01-17

    Social position refers to a person's social rank. Many goods have positional value because they increase the status of their consumers. Positional goods include fashionable jewellery and clothing, luxurious homes and vehicles, and extravagant entertainment. Many motorists choose vehicles with greater potential speeds and off-road abilities than actually needed because these features are considered prestigious. This paper examined how positional value affects transportation decisions and investigated the resulting economic impacts. These included impacts on social welfare and external costs. The paper also discussed implications for transport policy and planning. The paper discussed the science of happiness and included an excerpt from a newspaper article on money and happiness. The paper also included an analysis of popular television shows and Internet blogs. Transportation impacts were also examined, with reference to motor vehicle ownership, luxury vehicles, mode choice, long-distance recreation travel, planning practices, and industrial development policy. A table was also presented that summarized the categories of prestige value travel impacts. The paper also presented possible offsetting benefits and implications for planning. 40 refs., 1 tab., 11 figs.

  17. Landscape Transformation in Tropical Latin America: Assessing Trends and Policy Implications for REDD+

    Directory of Open Access Journals (Sweden)

    Maria del Carmen Vera Diaz

    2010-12-01

    Full Text Available Important transformations are underway in tropical landscapes in Latin America with implications for economic development and climate change. Landscape transformation is driven not only by national policies and markets, but also by global market dynamics associated with an increased role for transnational traders and investors. National and global trends affect a disparate number of social, political and economic interactions taking place at the local level, which ultimately shapes land-use and socio-economic change. This paper reviews five different trajectories of landscape change in tropical Latin America, and discusses their implications for development and conservation: (1 Market-driven growth of agribusiness; (2 expansion and modernization of traditional cattle ranching; (3 slow growth of peasant agriculture; (4 logging in production forest frontiers; and (5 resurgence of agro-extractive economies. Contrasting trade-offs between economic development and forest conservation emerge across these landscapes, calling for nuanced policy responses to manage them in the context of climate change. This discussion sets the background to assess how reduction of emissions from deforestation and forest degradation and enhancing carbon stocks (REDD+ aims should be better aligned with current landscape trajectories and associated actors to better address climate-change mitigation in forest landscapes with effective and equitable outcomes.

  18. 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...

  19. Observed salinity changes in the Alappuzha mud bank, southwest coast of India and its implication to hypothesis of mudbank formation

    Science.gov (United States)

    Muraleedharan, K. R.; Dinesh Kumar, P. K.; Prasanna Kumar, S.; Srijith, B.; John, Sebin; Naveen Kumar, K. R.

    2017-04-01

    Alappuzha mud bank draws special attention among the twenty-mud bank locations reported along the Kerala coast by its remoteness from riverine sources. Among several hypotheses proposed for the formation of mud bank, the subterranean hypothesis was most accepted because of the occurrence of low salinity in the bottom layers. The present study provides evidence to show that occurrence of low salinity waters near the bottom in the mud bank region is an artifact of measuring technique employed for the measurement of salinity. The usual technique of conductivity based salinity determination completely fails in the presence of water laden with high amount of suspended sediment. Laboratory experiments were conducted to determine the response of electrode and conductivity cell sensor types to determine the salinity using a range of suspended sediment in the water column. Actual sediment samples from the mud bank region were utilized for the above studies. Based on field observations and experiments, we conclude that the low salinity was the manifestation of the presence highly turbid fluid mud formation in the mud bank region rather than the influence of fresh water.

  20. Systemic risk and heterogeneous leverage in banking networks

    Science.gov (United States)

    Kuzubaş, Tolga Umut; Saltoğlu, Burak; Sever, Can

    2016-11-01

    This study probes systemic risk implications of leverage heterogeneity in banking networks. We show that the presence of heterogeneous leverages drastically changes the systemic effects of defaults and the nature of the contagion in interbank markets. Using financial leverage data from the US banking system, through simulations, we analyze the systemic significance of different types of borrowers, the evolution of the network, the consequences of interbank market size and the impact of market segmentation. Our study is related to the recent Basel III regulations on systemic risk and the treatment of the Global Systemically Important Banks (GSIBs). We also assess the extent to which the recent capital surcharges on GSIBs may curb financial fragility. We show the effectiveness of surcharge policy for the most-levered banks vis-a-vis uniform capital injection.

  1. Optimised to Fail: Card Readers for Online Banking

    Science.gov (United States)

    Drimer, Saar; Murdoch, Steven J.; Anderson, Ross

    The Chip Authentication Programme (CAP) has been introduced by banks in Europe to deal with the soaring losses due to online banking fraud. A handheld reader is used together with the customer’s debit card to generate one-time codes for both login and transaction authentication. The CAP protocol is not public, and was rolled out without any public scrutiny. We reverse engineered the UK variant of card readers and smart cards and here provide the first public description of the protocol. We found numerous weaknesses that are due to design errors such as reusing authentication tokens, overloading data semantics, and failing to ensure freshness of responses. The overall strategic error was excessive optimisation. There are also policy implications. The move from signature to PIN for authorising point-of-sale transactions shifted liability from banks to customers; CAP introduces the same problem for online banking. It may also expose customers to physical harm.

  2. Project-Based Market Competition and Policy Implications for Sustainable Developments in Building and Construction Sectors

    Directory of Open Access Journals (Sweden)

    Min-Ren Yan

    2015-11-01

    Full Text Available Building and construction sectors are significant contributors to the global economy, but their energy consumption necessitates greater commitment to sustainable developments. There is therefore a growing demand for green innovation in the form of cleaner production and policies to meet the modern requirements of sustainability. However, the nature in which public work is undertaken is in an environment of project-based market competition, whereby contractors routinely bid for contracts under specific project awarding systems, and variations are accompanied with the unique scope of individual projects before the final goods or services are delivered. A comprehensive understanding of the characteristics and contractors’ behavior in systems could help to identify the leverage points of policies. This paper proposes a system dynamics model, with quantitative analysis and simulations, to demonstrate the problems of a system with different project awarding systems and ineffective market performance. The framework of market efficiency and performance measures has been proposed to evaluate the project-based competition mechanism. Managerial policy implications for market efficiency and sustainable developments can thus be systematically discussed and compared through iterative computer simulations and scenario analysis.

  3. Public policies for basic education and its implications for the teaching of music

    Directory of Open Access Journals (Sweden)

    Luis Ricardo Silva Queiroz

    2012-01-01

    Full Text Available Current educational policies in the country and the new definitions for the teaching of music in school, established from the law 11.768/2008, have made important issues concerning the area of music education today emerge . Considering this reality, this study analyzes public policies related to basic education in Brazil,reflecting on their implications for the teaching of music in school. The discussions presented in the text are based on literature and documental sources related to programs and actions directed at basic education in the country. The analysis covers the objectives, procedures and impacts of proposals of evaluation of educational achievement (IDEB, consolidation and strengthening of basic education (FNDE, FUNDEB, PDE, PAR, and integration of different educational levels regarding the formation of teachers (PARFOR, PRODOCÊNCIA, PIBID. From the analysis, it is evident that there is a significant set of programs and actions for basic education in the country and that music education increasingly needs to participate effectively in the definition and implementation of educational policies that can strengthen the area, but, above all, school education as a whole.

  4. The Water Demand of Energy: Implications for Sustainable Energy Policy Development

    Directory of Open Access Journals (Sweden)

    Kaveh Madani

    2013-11-01

    Full Text Available With energy security, climate change mitigation, and sustainable development as three main motives, global energy policies have evolved, now asking for higher shares of renewable energies, shale oil and gas resources in the global energy supply portfolios. Yet, concerns have recently been raised about the environmental impacts of the renewable energy development, supported by many governments around the world. For example, governmental ethanol subsidies and mandates in the U.S. are aimed to increase the biofuel supply while the water footprint of this type of energy might be 70–400 times higher than the water footprint of conventional fossil energy sources. Hydrofracking, as another example, has been recognized as a high water-intensive procedure that impacts the surface and ground water in both quality and quantity. Hence, monitoring the water footprint of the energy mix is significantly important and could have implications for energy policy development. This paper estimates the water footprint of current and projected global energy policies, based on the energy production and consumption scenarios, developed by the International Energy Outlook of the U.S. Energy Information Administration. The outcomes reveal the amount of water required for total energy production in the world will increase by 37%–66% during the next two decades, requiring extensive improvements in water use efficiency of the existing energy production technologies, especially renewables.

  5. Policy implications of achievement testing using multilevel models: The case of Brazilian elementary schools

    Directory of Open Access Journals (Sweden)

    Igor Gomes Menezes

    2016-11-01

    Full Text Available Large-scale educational assessment has been established as source of descriptive, evaluative and interpretative information that influence educational policies worldwide throughout the last third of the 20th century. In the 1990s the Brazilian Ministry of Education developed the National Basic Education Assessment System (SAEB that regularly measures management, resource and contextual school features and academic achievement in public and private institutions. In 2005, after significant piloting and review of the SAEB, a new sampling strategy was taken and Prova Brasil became the new instrument used by the Ministry to assess skills in Portuguese (reading comprehension and Mathematics (problem solving, as well as collecting contextual information concerning the school, principal, teacher, and the students. This study aims to identify which variables are predictors of academic achievement of fifth grade students on Prova Brasil. Across a large sample of students, multilevel models tested a large number of variables relevant to student achievement. This approach uncovered critical variables not commonly seen as significant in light of other achievement determinants, including student habits, teacher ethnicity, and school technological resources. As such, this approach demonstrates the value of MLM to appropriately nuanced educational policies that reflect critical influences on student achievement. Its implications for wider application for psychology studies that may have relevant impacts for policy are also discussed.

  6. A review of health literacy: Definitions, interpretations, and implications for policy initiatives.

    Science.gov (United States)

    Malloy-Weir, Leslie J; Charles, Cathy; Gafni, Amiram; Entwistle, Vikki

    2016-05-19

    Definitions and interpretations of 'health literacy' have important implications for the delivery of health care and for health policy-related initiatives. We conducted a systematic review and critical analysis to determine the extent to which definitions of health literacy differ in the academic literature, the similarities and differences across definitions, and possible interpretations for the most commonly used definitions. We identified 250 different definitions of health literacy and grouped them into three categories: (i) most commonly used definitions (n=6), (ii) modified versions of these most commonly used definitions (n=133), and (iii) 'other' definitions (n=111). We found the most commonly used definitions to be open to multiple interpretations and to reflect underlying assumptions that are not always justifiable. Attention is needed to the ways in which differing definitions and interpretations of health literacy may affect patient care and the delivery of health literacy-related policy initiatives.Journal of Public Health Policy advance online publication, 19 May 2016; doi:10.1057/jphp.2016.18.

  7. Reproductive tourism in Argentina: clinic accreditation and its implications for consumers, health professionals and policy makers.

    Science.gov (United States)

    Smith, Elise; Behrmann, Jason; Martin, Carolina; Williams-Jones, Bryn

    2010-08-01

    A subcategory of medical tourism, reproductive tourism has been the subject of much public and policy debate in recent years. Specific concerns include: the exploitation of individuals and communities, access to needed health care services, fair allocation of limited resources, and the quality and safety of services provided by private clinics. To date, the focus of attention has been on the thriving medical and reproductive tourism sectors in Asia and Eastern Europe; there has been much less consideration given to more recent 'players' in Latin America, notably fertility clinics in Chile, Brazil, Mexico and Argentina. In this paper, we examine the context-specific ethical and policy implications of private Argentinean fertility clinics that market reproductive services via the internet. Whether or not one agrees that reproductive services should be made available as consumer goods, the fact is that they are provided as such by private clinics around the world. We argue that basic national regulatory mechanisms are required in countries such as Argentina that are marketing fertility services to local and international publics. Specifically, regular oversight of all fertility clinics is essential to ensure that consumer information is accurate and that marketed services are safe and effective. It is in the best interests of consumers, health professionals and policy makers that the reproductive tourism industry adopts safe and responsible medical practices.

  8. Sustainable development, demography and sexual and reproductive health: inseparable linkages and their policy implications.

    Science.gov (United States)

    Herrmann, Michael

    2014-05-01

    The greatest challenge today is to meet the needs of current and future generations, of a large and growing world population, without imposing catastrophic pressures on the natural environment. Meeting this challenge depends on decisive policy changes in three areas: more inclusive economic growth, greener economic growth, and population policies. This article focuses on efforts to address and harness demographic changes for sustainable development, which are largely outside the purview of the current debate. Efforts to this end must be based on the recognition that demographic changes are the cumulative result of individual choices and opportunities, and that demographic changes are best addressed through policies that enlarge these choices and opportunities, with a focus on ensuring unrestricted and universal access to sexual and reproductive health information and services, empowering women to fully participate in social, economic and political life, and investing in the education of the younger generation beyond the primary level. The article provides a strong argument for why the Programme of Action that was agreed at the International Conference on Population and Development (ICPD) 20 years ago continues to hold important implications and lessons for the formulation of the post-2015 development agenda, which is expected to supersede the Millennium Development Goals (MDGs).

  9. EMPIRICAL APPROACH UPON THE RELATIONSHIP BETWEEN CENTRAL BANK INDEPENDENCE AND INFLATION IN DEVELOPED AND DEVELOPING COUNTRIES

    Directory of Open Access Journals (Sweden)

    Dumiter Florin Cornel

    2012-07-01

    Full Text Available Central bank independence has become over time one of the key concepts in modern theory and policy. Most economists agree that central bank independence is desirable because it helps achieving and maintaining the long – term goal of price stability. Although one might think about alternative mechanisms to reach lower inflation rates, central bank independence is clearly the most often recomended. The empirical trends upon a more independent central bank with a more transparent and accountable monetary policy regime has emerged in economic literature regarding central banking and monetary economics. In recent years, starting from the Maastricht Treaty central bank independence has become the panacea of the monetary economics and monetary policy approaches. Moreover it is important to analyze and assess the impact of this key issue in central banking upon the inflation performances of the central banks. In this article we provide a qualitative overview upon some recent trends in the central bank independence field: does it still matter? How can be it evaluate and stress it’s impact upon macroeconomic performances, especially upon inflation. As we can observe in the economic literature upon central bank independence there are several approaches to use several indices in order to measure this qualitative and quatitative institutional variables. The most important debate is to eliminate the gap between de jure and de facto independence in order to flatten the measuring of institutional aspects, the legal implication, the constitutional facts and the actual practices of the central banks. Finally, we suggest that according to the new index for measuring central bank independence and inflation targeting index we can evaluate more accurate the degree of the de jure and de facto independence and stress the impact on inflation performance with a case study for ten developed countries and ten developing countries.

  10. The Bank Lending Channel: Evidence from Australia

    Directory of Open Access Journals (Sweden)

    Luke Liu

    2014-06-01

    Full Text Available This study explores how monetary policy changes flow through the banking sector in Australia. Drawing on data between 2004 and 2010, we divide banks into three groups according to their size, and examine the impact of that cash rate change on lending of different types of loans. We find the response of bank lending after a monetary policy change varies with the size of the bank as well as the types of loan. Smaller banks are more sensitive to policy rate changes, and household loans, government loans and intra-group loans are less responsive to monetary policy compared with financial and non-financial loans.

  11. Low enrolment in Ugandan Community Health Insurance Schemes: underlying causes and policy implications

    Directory of Open Access Journals (Sweden)

    Criel Bart

    2007-07-01

    Full Text Available Abstract Background Despite the promotion of Community Health Insurance (CHI in Uganda in the second half of the 90's, mainly under the impetus of external aid organisations, overall membership has remained low. Today, some 30,000 persons are enrolled in about a dozen different schemes located in Central and Southern Uganda. Moreover, most of these schemes were created some 10 years ago but since then, only one or two new schemes have been launched. The dynamic of CHI has apparently come to a halt. Methods A case study evaluation was carried out on two selected CHI schemes: the Ishaka and the Save for Health Uganda (SHU schemes. The objective of this evaluation was to explore the reasons for the limited success of CHI. The evaluation involved review of the schemes' records, key informant interviews and exit polls with both insured and non-insured patients. Results Our research points to a series of not mutually exclusive explanations for this under-achievement at both the demand and the supply side of health care delivery. On the demand side, the following elements have been identified: lack of basic information on the scheme's design and operation, limited understanding of the principles underlying CHI, limited community involvement and lack of trust in the management of the schemes, and, last but not least, problems in people's ability to pay the insurance premiums. On the supply-side, we have identified the following explanations: limited interest and knowledge of health care providers and managers of CHI, and the absence of a coherent policy framework for the development of CHI. Conclusion The policy implications of this study refer to the need for the government to provide the necessary legislative, technical and regulative support to CHI development. The main policy challenge however is the need to reconcile the government of Uganda's interest in promoting CHI with the current policy of abolition of user fees in public facilities.

  12. Latin American Cultural Resiliency to External Foreign Policy: Strategic Implications for the United States as China Extends Into Latin America

    Science.gov (United States)

    2016-04-04

    on an “ever-expanding network of free-trade agreements and broadly orthodox fiscal and monetary policies .”1 Mexico coupled its pursuit of aggressive...currently valid OMB control number. PLEASE DO NOT RETURN YOUR FORM TO THE ABOVE ADDRESS. 1. REPORT DATE (DD-MM-YYYY) 04 – 04 – 2016 2. REPORT TYPE ... Policy : Strategic Implications for the United States as China Extends Into Latin America 5a. CONTRACT NUMBER 5b. GRANT NUMBER 5c. PROGRAM

  13. Return migration in Western Europe: current policy trends and their implications, in particular for the second generation.

    Science.gov (United States)

    Entzinger, H

    1985-06-01

    Return migration in Western Europe is examined, with a focus on government policy trends and their implications. The need for international cooperation between sending and receiving countries is emphasized. The effects of migration policies on migrants now and in the future are analyzed. Particular attention is paid to the questions posed by the expressed desire of a significant percentage of second-generation migrants to return to the countries of their parents' origin. (summary in FRE, SPA)

  14. Malta; Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Corporate Governance, and Payment Systems

    OpenAIRE

    International Monetary Fund

    2003-01-01

    The report provides the details of the Malta Financial Stability Assessment (MFSA). It defines its roles, responsibilities, and objectives for financial policies. It reviews the reports on the observance of standards and codes on monetary and financial policy transparency, banking supervision, securities regulation, insurance regulation, corporate governance, and payment systems. It assesses the macroeconomic environment and risks, soundness and vulnerabilities of the financial system, and al...

  15. Policy and programmatic implications of task shifting in Uganda: a case study

    Directory of Open Access Journals (Sweden)

    Dambisya Yoswa M

    2012-03-01

    Full Text Available Abstract Background Uganda has a severe health worker shortage and a high demand for health care services. This study aimed to assess the policy and programmatic implications of task shifting in Uganda. Methods This was a qualitative, descriptive study through 34 key informant interviews and eight (8 focus group discussions, with participants from various levels of the health system. Results Policy makers understood task shifting, but front-line health workers had misconceptions on the meaning and intention(s of task shifting. Examples were cited of task shifting within the Ugandan health system, some formalized (e.g. psychiatric clinical officers, and some informal ones (e.g. nurses inserting IV lines and initiating treatment. There was apparently high acceptance of task shifting in HIV/AIDS service delivery, with involvement of community health workers (CHW and PLWHA in care and support of AIDS patients. There was no written policy or guidelines on task shifting, but the policy environment was reportedly conducive with plans to develop a policy and guidelines on task shifting. Factors favouring task shifting included successful examples of task shifting, proper referral channels, the need for services, scarcity of skills and focused initiatives such as home based management of fever. Barriers to task shifting included reluctance to change, protection of professional turf, professional boundaries and regulations, heavy workload and high disease burden, poor planning, lack of a task shifting champion, lack of guidelines, the name task shifting itself, and unemployed health professionals. There were both positive and negative views on task shifting: the positive ones cast task shifting as one of the solutions to the dual problem of lack of skills and high demand for service, and as something that is already happening; while negative ones saw it as a quick fix intended for the poor, a threat to quality care and likely to compromise the health

  16. DNA banking and DNA databanking: Legal, ethical, and public policy issues. Progress report, [April 1, 1993--March 31, 1994

    Energy Technology Data Exchange (ETDEWEB)

    Reilly, P.R.; McEwen, J.E.; Small, D.

    1994-02-18

    The purpose of the grant was to provide support to enable us to: (1) perform legal and empirical research and critically analyze DNA banking and DNA databanking as those activities are conducted by state forensic laboratories, the military, academic researchers, and commercial enterprises; and (2) develop a broadcast quality educational videotape for viewing by the general public about DNA technology and the privacy and related issues that it raises. The grant thus has both a research and analysis component and a public education component. This report outlines the work completed since the inception of the project and describes the activities still in progress.

  17. Politica bancaria e sviluppo economico: rileggendo l'era menichelliana e quella attuale (Banking policy and economic development: re-reading the menichellian era and the present

    Directory of Open Access Journals (Sweden)

    Mario Sarcinelli

    2012-04-01

    Full Text Available Il basso tasso di crescita dell’Italia, anche nel contesto internazionale ed europeo, ha spinto a confrontare gli anni ’50 con gli ultimi dieci o quindici. Dall’analisi emerge che, se si esclude l’iniziale liberalizzazione del commercio internazionale, il periodo che vide la più vigorosa crescita dell’Italia fu caratterizzato dall’economia mista, da monopoli pubblici e posizioni private dominanti, da una politica monetaria e bancaria basata su controlli diretti ed esercizi di persuasione morale individuale, tutte condizioni oggi ritenute sfavorevoli alla crescita. Al contrario, nella fase attuale l’enfasi è stata sul modello di economia liberale, con liberalizzazioni, privatizzazioni di imprese produttive e di banche, politiche incentrate sugli incentivi e sul mercato. Purtroppo, la scienza economica non ha ancora trovato il paradigma generale che spiega la ricchezza delle nazioni a prescindere dal contesto e dagli uomini che lo animano.  The low growth rate of Italy, also in international and European context, has led to compare the 50s with the last ten or fifteen. The analysis shows that, apart from the initial liberalization of international trade, the period that saw the most vigorous growth in Italy was characterized from a mixed economy, with public monopolies and dominant positions private, from a monetary and banking policy based of direct controls and exercises of individual moral suasion, all conditions previously deemed unfavorable to growth. On the contrary, at this stage the emphasis was on the model of liberal economy, with liberalization, privatization of productive enterprises and banks, policies based on incentives and market. Unfortunately, the economic science has not yet found a general paradigm that explains the wealth of nations regardless of the context and the men who animate it. JEL Codes: B31, E65, N14, O10Keywords: tasso di crescita, commercio internazionale, politica monetaria, politica bancaria

  18. 76 FR 10671 - Assessments, Large Bank Pricing

    Science.gov (United States)

    2011-02-25

    ... proposal, retains this exception for banker's banks. A typical banker's bank provides liquidity and other... greater need to maintain liquidity to service its member banks. 6. Comments Several commenters addressed... implications for bank liquidity. The comments suggested that the FDIC provide a deduction for federal...

  19. Land reform policies, the sources of violent conflict, and implications for deforestation in the Brazilian Amazon

    Energy Technology Data Exchange (ETDEWEB)

    Alston, L.J.; Libecap, G.D.; Mueller, B.

    2000-03-01

    The authors examine land reform policies and their implications for violent conflict and resource use in the Brazilian Amazon. They identify the protagonists (land owners and squatters), derive their incentives to use violence, and show the role of legal inconsistencies as a basis for conflict. The authors describe the government agency involved in land reform, INCRA, and show that its intervention critically affects the actions of both squatters and land owners. Further, they point out the incentives for deforestation under land reform and associated insecure property rights to land. Forested lands are vulnerable to invasion by squatters and redistribution by INCRA. Using data from the Brazilian census and the Pastoral Land Commission, the authors examine the characteristics of regions where violent conflict predominates.

  20. Implications of the biofuels policy mandate in Thailand on water: the case of bioethanol.

    Science.gov (United States)

    Gheewala, Shabbir H; Silalertruksa, Thapat; Nilsalab, Pariyapat; Mungkung, Rattanawan; Perret, Sylvain R; Chaiyawannakarn, Nuttapon

    2013-12-01

    The study assesses the implications of the bioethanol policy mandate in Thailand of producing 9 M litre ethanol per day by 2021 on water use and water deprivation. The results reveal that water footprint (WF) of bioethanol varies between 1396 and 3105 L water/L ethanol. Cassava ethanol has the highest WF followed by molasses and sugarcane ethanol, respectively. However, in terms of fresh water (especially irrigation water) consumption, molasses ethanol is highest with 699-1220 L/L ethanol. To satisfy the government plan of bioethanol production in 2021, around 1625 million m(3) of irrigation water/year will be additionally required, accounting for about 3% of the current active water storage of Thailand. Two important watersheds in the northeastern region of Thailand are found to be potentially facing serious water stress if water resources are not properly managed. Measures to reduce water footprint of bioethanol are recommended.

  1. Interviewing children in custody cases: implications of research and policy for practice.

    Science.gov (United States)

    Saywitz, Karen; Camparo, Lorinda B; Romanoff, Anna

    2010-01-01

    Research on child interviewing has burgeoned over the past 25 years as expectations about children's agency, competence, and participation in society have changed. This article identifies recent trends in research, policy, and theory with implications for the practice of interviewing children in cases of contested divorce and for the weight to be given the information children provide. A number of fields of relevant research are identified, including studies of families who have participated in the family law system, studies of child witnesses in the field, experimental studies of the effects of interview techniques on children's memory and suggestibility, and ethnographic methods that elicit children's views of their own experiences. Finally, a set of 10 principles for practice are delineated based on the best available science.

  2. “Oil price shocks and fiscal policy management: Implications for Nigerian economic planning (1980-2009

    Directory of Open Access Journals (Sweden)

    Aremo, A.G.

    2013-12-01

    Full Text Available High Oil price fluctuations have been a common feature in Nigeria and these have considerably constituted a major source of fiscal policy disturbance to the Nigerian economy as well as the economies of other oil producing countries of the world. The over-reliance on oil production for income generation combined with local undiversified revenue and export bases is an issue for concern. This has policy implications for economic policy and in particular fiscal policy management. The motivation for this study is to examine the effect of oil price shock on fiscal policy in the country. Using structural vector autoregression (SVAR methodology, the effects of crude oil price fluctuations on two major key fiscal policy variables (government expenditure (GEXP and government revenue (GREV, money supply (MS2 and GDP were examined. The results showed that oil prices have significant effect on fiscal policy in Nigeria within the study period of 1980:1 to 2009:4. The study also revealed that oil price shock affects GREV and GDP first before reflecting on fiscal expenditure. The study suggests strongly that diversification of the economy is necessary in order to minimize the consequences of oil price fluctuations on government revenue, by implication government expenditure planning in the country.

  3. 12 CFR 225.142 - Statement of policy concerning bank holding companies engaging in futures, forward and options...

    Science.gov (United States)

    2010-01-01

    ... obligations. In addition, internal controls and internal audit programs to monitor such activity should be established. The board of directors, a duly authorized committee thereof or the internal auditors should... of prudent written policies, appropriate limitations and internal controls and audit programs. If...

  4. Observed salinity changes in the Alappuzha mud bank, southwest coast of India and its implication to hypothesis of mudbank formation

    Digital Repository Service at National Institute of Oceanography (India)

    Muraleedharan, K.R.; DineshKumar, P.K.; B. Srijith; PrasannaKumar, S.; John, Sebin; NaveenKumar, K.R.

    and conductivity cell sensor types to determine the salinity using a range of suspended sediment in the water column. Actual sediment samples from the mud bank region were utilized for the above studies. Based on field observations and experiments, we conclude...

  5. Organic nitrogen storage in mineral soil: Implications for policy and management.

    Science.gov (United States)

    Bingham, Andrew H; Cotrufo, M Francesca

    2016-05-01

    Nitrogen is one of the most important ecosystem nutrients and often its availability limits net primary production as well as stabilization of soil organic matter. The long-term storage of nitrogen-containing organic matter in soils was classically attributed to chemical complexity of plant and microbial residues that retarded microbial degradation. Recent advances have revised this framework, with the understanding that persistent soil organic matter consists largely of chemically labile, microbially processed organic compounds. Chemical bonding to minerals and physical protection in aggregates are more important to long-term (i.e., centuries to millennia) preservation of these organic compounds that contain the bulk of soil nitrogen rather than molecular complexity, with the exception of nitrogen in pyrogenic organic matter. This review examines for the first time the factors and mechanisms at each stage of movement into long-term storage that influence the sequestration of organic nitrogen in the mineral soil of natural temperate ecosystems. Because the factors which govern persistence are different under this newly accepted paradigm we examine the policy and management implications that are altered, such as critical load considerations, nitrogen saturation and mitigation consequences. Finally, it emphasizes how essential it is for this important but underappreciated pool to be better quantified and incorporated into policy and management decisions, especially given the lack of evidence for many soils having a finite capacity to sequester nitrogen.

  6. Diverse policy implications for future ozone and surface UV in a changing climate

    Science.gov (United States)

    Butler, A. H.; Daniel, J. S.; Portmann, R. W.; Ravishankara, A. R.; Young, P. J.; Fahey, D. W.; Rosenlof, K. H.

    2016-06-01

    Due to the success of the Montreal Protocol in limiting emissions of ozone-depleting substances, concentrations of atmospheric carbon dioxide, nitrous oxide, and methane will control the evolution of total column and stratospheric ozone by the latter half of the 21st century. As the world proceeds down the path of reducing climate forcing set forth by the 2015 Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 21), a broad range of ozone changes are possible depending on future policies enacted. While decreases in tropical stratospheric ozone will likely persist regardless of the future emissions scenario, extratropical ozone could either remain weakly depleted or even increase well above historical levels, with diverse implication for ultraviolet (UV) radiation. The ozone layer’s dependence on future emissions of these gases creates a complex policy decision space for protecting humans and ecosystems, which includes unexpected options such as accepting nitrous oxide emissions in order to maintain historical column ozone and surface UV levels.

  7. Older adult perceptions of smart home technologies: implications for research, policy & market innovations in healthcare.

    Science.gov (United States)

    Coughlin, J; D'Ambrosio, L A; Reimer, B; Pratt, M R

    2007-01-01

    Advances in information communications technology and related computational power are providing a wide array of systems and related services that form the basis of smart home technologies to support the health, safety and independence of older adults. While these technologies offer significant benefits to older people and their families, they are also transforming older adults into lead adopters of a new 24/7 lifestyle of being monitored, managed, and, at times, motivated, to maintain their health and wellness. To better understand older adult perceptions of smart home technologies and to inform future research a workshop and focus group was conducted with 30 leaders in aging advocacy and aging services from 10 northeastern states. Participants expressed support of technological advance along with a variety of concerns that included usability, reliability, trust, privacy, stigma, accessibility and affordability. Participants also observed that there is a virtual absence of a comprehensive market and policy environment to support either the consumer or the diffusion of these technologies. Implications for research, policy and market innovation are discussed.

  8. Organic nitrogen storage in mineral soil: Implications for policy and management

    Energy Technology Data Exchange (ETDEWEB)

    Bingham, Andrew H., E-mail: drew_bingham@nps.gov [Air Resources Division, National Park Service, P.O. Box 25287, Denver, CO 80225 (United States); Cotrufo, M. Francesca [Department of Soil and Crop Sciences and Natural Resources Ecology Laboratory, Colorado State University, 200 West Lake Street, Fort Collins, CO 80523 (United States)

    2016-05-01

    Nitrogen is one of the most important ecosystem nutrients and often its availability limits net primary production as well as stabilization of soil organic matter. The long-term storage of nitrogen-containing organic matter in soils was classically attributed to chemical complexity of plant and microbial residues that retarded microbial degradation. Recent advances have revised this framework, with the understanding that persistent soil organic matter consists largely of chemically labile, microbially processed organic compounds. Chemical bonding to minerals and physical protection in aggregates are more important to long-term (i.e., centuries to millennia) preservation of these organic compounds that contain the bulk of soil nitrogen rather than molecular complexity, with the exception of nitrogen in pyrogenic organic matter. This review examines for the first time the factors and mechanisms at each stage of movement into long-term storage that influence the sequestration of organic nitrogen in the mineral soil of natural temperate ecosystems. Because the factors which govern persistence are different under this newly accepted paradigm we examine the policy and management implications that are altered, such as critical load considerations, nitrogen saturation and mitigation consequences. Finally, it emphasizes how essential it is for this important but underappreciated pool to be better quantified and incorporated into policy and management decisions, especially given the lack of evidence for many soils having a finite capacity to sequester nitrogen. - Highlights: • We review the current framework for long-term nitrogen stabilization in soils. • We highlight the most important factors according to this framework. • We discuss how these factors may influence management and policy decisions.

  9. Financial and economic approach: Financial & banking sector development pact from the perspective of the euro area European economic policy

    Directory of Open Access Journals (Sweden)

    Theodoropoulos Theodore E.

    2004-01-01

    Full Text Available Powerful obstacles to the further integration of repot, bond and equity markets remain the still fragmented securities settlement industry in Europe, which charges much higher fees for cross border transactions than for domestic transactions, and differences in legal systems. This paper describes the main developments in the euro area financial markets before and after the introduction of the single currency. It looks at the evolution of the euro area financial structure in the last few years. Interestingly in various dimensions the financial structure of euro area countries seems to become more diverse over time. We assess the progress towards financial integration in the most important euro-area financial segments, namely money and equity markets, as well as banking. The available data suggest that the unsecured money market strongly integrated with the introduction of the euro, as the single currency and related euro-area-wide large-value payment systems link the different countries well. Also, some progress occurred in the integration of euro-area equity markets, as stock exchanges in a few countries merged to form Euronext and professional asset managers replaced country allocation by sector allocation strategies. Overall, while asset holdings have become more international in the euro area since the introduction of the single currency, securities markets are still much less integrated than in the US. In the area of retail banking the increased homogeneity of interest rates seems to be driven more by macroeconomic convergence than by market integration. In addition we consider a wide range of other determinants, such as foreign debt or net foreign assets, terms of trade, government debt and regulated prices.

  10. Poverty and Hunger: Issues and Options for Food Security in Developing Countries. A World Bank Policy Study.

    Science.gov (United States)

    Reutlinger, Shlomo; And Others

    Food security means access by all people at all times to enough food for an active and healthy life. Available data suggest that more than 700 million people in the developing world lack the food necessary for such a life. No problem of underdevelopment may be more serious or have such important implications for the long-term growth of low-income…

  11. Late Quaternary development of the Croatan Beach Ridge Complex, Bogue Sound, Bogue Banks, NC, USA and implications for coastal evolution

    Science.gov (United States)

    Lazar, Kelly B.; Mallinson, David J.; Culver, Stephen J.

    2016-06-01

    Foraminiferal, sedimentological, geophysical, and geochronologic data were utilized to elucidate the late Quaternary geologic development of the Croatan Beach Ridge Complex (CBRC), Bogue Sound, and Bogue Banks, North Carolina, USA. The CBRC is a relict beach ridge feature located on the mainland. It is separated from the modern barrier island, Bogue Banks, by Bogue Sound. Seventeen cores along shore-normal and shore-parallel transects provided material for sedimentologic and foraminiferal analysis and resulted in the recognition of seven depositional facies representing a variety of coastal depositional environments. Chronologic and depositional facies data suggest the CBRC was initiated during MIS 5a and rapid southward progradation produced a cape structure. Eolian reactivation of the upper sand of the CBRC occurred during the last glacial maximum (∼18 ka). The age of flood tide delta deposits in Bogue Sound suggests that the Holocene barrier island, Bogue Banks, had formed by ∼6 ka. Shoreface ravinement resulted in a shoreface landward of the present shoreline by ∼3.5 ka. Seaward and westward spit progradation of Bogue Banks began ∼1.7 ka and continued to ∼1.3 ka. Normal marine salinity conditions were present in Bogue Sound ∼1.1 ka, suggesting removal of at least the narrowest parts of the barrier island, coeval with a previously documented segmentation of the southern Outer Banks barrier islands. Previous work has linked this segmentation to climate warming and increased tropical storm activity during the Medieval Climate Anomaly. This study illustrates the complex response of this coastal system to Pleistocene and Holocene sea-level and climate change over two major sea-level cycles. In particular, the regional geomorphology during MIS5a and the Holocene sea-level highstand differ significantly and this, in large part, was controlled by the antecedent geologic framework, resulted in the contrasting more localized coastal geomorphic response.

  12. Kinerja Efisiensi Teknis Bank Pembangunan Daerah: Pendekatan Data Envelopment Analysis (DEA

    Directory of Open Access Journals (Sweden)

    Zaenal Abidin

    2009-01-01

    Full Text Available This research utilises the non-parametric frontier approach, Data Envelopment Analysis (DEA to analyze technical efficiency of the regional development banks (BPD. The data was during 2006-2007 covering 26 BPD in Indonesia. The result of study indicated that the regional of development bank did not achieve technical efficiency at the level of maximum (100%. On avarege, the big-asset of BPD are found to be more efficient than the middle and small asset. The study has important implications such as guiding the BPD policy regarding merger and bank intermediary. Since the study pinpoints the sources of inefficiency , it would also help banks with strategic planning Abstract in Bahasa Indonesia:Penelitian ini menggunakan pendekatan non-parametrik Data Envelopment Analysis untuk menganalisis efisiensi teknis Bank Pembangunan Daerah (BPD. Data yang digunakan selama 2006-2007 yang meliputi 26 bank BPD seluruh Indonesia. Hasil studi menunjukkan bahwa kinerja efisiensi teknis bank BPD belum mencapai tingkat efisiensi optimal 100 persen. Secara rata-rata, bank BPD beraset lebih besar lebih efisien daripada bank BPD beraset menengah dan kecil. Penelitian ini memiliki implikasi penting dalam rangka mengoptimalkan kinerja efisiensi maka bank kecil dan menengah harus melakukan merger dan meningkat fungsi intermediasi perbankan. 

  13. Is Career Guidance for the Individual or for the Market? Implications of EU Policy for Career Guidance

    Science.gov (United States)

    Bergmo-Prvulovic, Ingela

    2014-01-01

    This paper explores the essential understanding and underlying perspectives of career implicit in EU career guidance policy in the twenty-first century, as well as the possible implications of these for the future mission of guidance. Career theories, models and concepts that serve career guidance are shaped on the twentieth-century industrial…

  14. Threats to the Sustainability of the Outsourced Call Center Industry in the Philippines: Implications for Language Policy

    Science.gov (United States)

    Friginal, Eric

    2009-01-01

    This study overviews current threats to the sustainability of the outsourced call center industry in the Philippines and discusses implications for macro and micro language policies given the use of English in this cross-cultural interactional context. This study also summarizes the present state of outsourced call centers in the Philippines, and…

  15. Farmers' adoption of maize (Zea mays L.). Hybrids and persistence of landraces in Southwest China: implications for policy and breeding

    NARCIS (Netherlands)

    Li, Jingsong; Lammerts Van Bueren, E.; Jiggins, Janice; Leeuwis, C.

    2012-01-01

    This paper examines changes in the distribution of maize hybrids and landraces in the mountainous areas of southwest China over 1998–2008, farmers’ reasons for cultivar adoption and the implications for national policies in relation to seed production and breeding, based on baseline data and a surve

  16. An Enterprising Approach to Regional Growth: Implications for Policy and the Role of VET--Support Document

    Science.gov (United States)

    Garlick, Steve; Taylor, Michael; Plummer, Paul

    2007-01-01

    "An Enterprising Approach to Regional Growth: Implications for Policy and the Role of Vocational Education and Training" explores patterns of regional economic growth in Australia over the period 1984 to 2002 with the aim of identifying the drivers of variation in regional growth; the research also aimed to identify regional opportunities and the…

  17. A Case Study with an Identified Bully: Policy and Practice Implications

    Directory of Open Access Journals (Sweden)

    Huddleston, Lillie

    2011-07-01

    Full Text Available Objective: Bullying is a serious public health problem that may include verbal or physical injury as well as social isolation or exclusion. As a result, research is needed to establish a database for policies and interventions designed to prevent bullying and its negative effects. This paper presented a case study that contributed to the literature by describing an intervention for bullies that has implications for research, practice and related policies regarding bullying.Methods: An individualized intervention for an identified bully was implemented using the Participatory Culture-Specific Intervention Model (PCSIM; Nastasi, Moore, & Varjas, 2004 with a seventh-grade middle school student. Ecological and culture-specific perspectives were used to develop and implement the intervention that included psychoeducational sessions with the student and consultation with the parent and school personnel. A mixed methods intervention design was used with the following informants: the target student, the mother of the student, a teacher and the school counselor. Qualitative data included semi-structured interviews with the parent, teacher and student, narrative classroom observations and evaluation/feedback forms filled out by the student and interventionist. Quantitative data included the following quantitative surveys (i.e., Child Posttraumatic Stress Reaction Index [CPTS-RI] and the Behavior Assessment Scale for Children, 2nd Edition. Both qualitative and quantitative data were used to evaluate the acceptability, integrity and efficacy of this intervention.Results: The process of intervention design, implementation and evaluation are described through an illustrative case study. Qualitative and quantitative findings indicated a decrease in internalizing, externalizing and bullying behaviors as reported by the teacher and the mother, and a high degree of acceptability and treatment integrity as reported by multiple stakeholders.Conclusion: This case

  18. Mobile Phone Banking Usage Behaviour: An Australian Perspective

    Directory of Open Access Journals (Sweden)

    Majharul Talukder

    2014-12-01

    Full Text Available While the use of mobile phones in financial transactions is witnessing phenomenal growth at the international level, its growth has been relatively slow in Australia. Drawing on the theory of reasoned action and technology adoption framework, this paper reports the results concerning a survey of mobile phone users for banking transactions in Australia. The paper specifically identified the factors affecting usage behaviour when mobile phone banking services were engaged. The findings broaden and deepen our understanding of the usage of mobile-based banking in the information age. This paper contributes to the knowledge of this subject by including identification and testing of constructs of predictors regarding mobile phone banking, which are additional to those employed in the extant theories indicated above. The findings of this paper have important policy implications for banks in terms of understanding the underlying factors that drive customers’ mobile banking for financial transactions. Accordingly, design strategies have been developed to promote mobile phone banking – a cost effective channel for delivering financial services.

  19. Wheeling and Banking Strategies for Optimal Renewable Energy Deployment. International Experiences

    Energy Technology Data Exchange (ETDEWEB)

    Heeter, Jenny [National Renewable Energy Lab. (NREL), Golden, CO (United States); Vora, Ravi [National Renewable Energy Lab. (NREL), Golden, CO (United States); Mathur, Shivani [National Renewable Energy Lab. (NREL), Golden, CO (United States); Madrigal, Paola [Energy Regulatory Commission (Mexico); Chatterjee, Sushanta K. [Central Electricity Regulatory Commission (India); Shah, Rakesh [SunEdison, Mumbai (India)

    2016-03-01

    This paper defines the principles of wheeling (i.e., transmission) tariffs and renewable energy (RE) banking provisions and their role in RE deployment in countries with plans for large-scale RE. It reviews experiences to date in the United States, Mexico, and India and discusses key policy and regulatory considerations for devising more effective wheeling and/or banking provisions for countries with ambitious RE deployment targets. The paper addresses the challenges of competing needs of stakeholders, especially those of RE generators, distribution utilities, and transmission network owners and operators. The importance of wheeling and banking and their effectiveness for financial viability of RE deployment is also explored. This paper aims to benefit policymakers and regulators as well as key renewable energy stakeholders. Key lessons for regulators include: creating long-term wheeling and banking policy certainty, considering incentivizing RE through discounted transmission access, and assessing the cost implications of such discounts, as well as expanding access to renewable energy customers.

  20. Strategic environmental noise mapping: methodological issues concerning the implementation of the EU Environmental Noise Directive and their policy implications.

    LENUS (Irish Health Repository)

    Murphy, E

    2010-04-01

    This paper explores methodological issues and policy implications concerning the implementation of the EU Environmental Noise Directive (END) across Member States. Methodologically, the paper focuses on two key thematic issues relevant to the Directive: (1) calculation methods and (2) mapping methods. For (1), the paper focuses, in particular, on how differing calculation methods influence noise prediction results as well as the value of the EU noise indicator L(den) and its associated implications for comparability of noise data across EU states. With regard to (2), emphasis is placed on identifying the issues affecting strategic noise mapping, estimating population exposure, noise action planning and dissemination of noise mapping results to the general public. The implication of these issues for future environmental noise policy is also examined.

  1. Political Strategies and Language Policies: The European Union Lisbon Strategy and Its Implications for the EU's Language and Multilingualism Policy

    Science.gov (United States)

    Krzyzanowski, Michal; Wodak, Ruth

    2011-01-01

    This paper explores the interplay between the politics and policies of multilingualism by looking at the role of political macro-strategies in shaping language and multilingualism policies within the European Union. The paper focuses on the relationship between the European Union's 2000-2010 Lisbon Strategy on the European Knowledge-Based Economy…

  2. Management of Financial and Banking Risk

    OpenAIRE

    Ion Gr. Ionescu

    2013-01-01

    It is certainly clear that a powerful banking strategy should include both software and bank risk management procedures that aim, in fact, minimize the likelihood of these risks and potential exposure of the bank. The main objective of these policies is to minimize losses or additional expenses incurred by the bank and central banking goal is to achieve a higher profit for shareholders. But not always these two objectives - the general and sector - are consistent. It may, in some cases, the c...

  3. 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.

  4. The Impact of Internet Banking on Bank Performance and Risk: The Indian Experience

    Directory of Open Access Journals (Sweden)

    Pooja MALHOTRA

    2009-11-01

    Full Text Available The paper describes the current state of Internet banking in India and discusses its implications for the Indian banking industry. Particularly, it seeks to examine the impact of Internet banking on banks’ performance and risk. Using information drawn from the survey of 85 scheduled commercial bank’s websites, during the period of June 2007, the results show that nearly 57 percent of the Indian commercial banks are providing transactional Internet banking services. The univariate analysis indicates that Internet banks are larger banks and have better operating efficiency ratios and profitability as compared to non-Internet banks. Internet banks rely more heavily on core deposits for funding than non-Internet banks do. However, the multiple regression results reveal that the profitability and offering of Internet banking does not have any significant association, on the other hand, Internet banking has a significant and negative association with risk profile of the bank

  5. Quaternary glacial and deglacial Ostracoda in the thermocline of the Little Bahama Bank (NW Atlantic): Palaeoceanographic implications

    Science.gov (United States)

    Rodriguez-Lazaro, J.; Cronin, T. M.

    1999-01-01

    We determined faunal and oceanographic changes during the last glacial and deglacial in the Providence Channel, Little Bahama Bank (LBB), using modern ocean (from LBB, Florida-Hatteras Slope and Blake Plateau, western North Atlantic) and late Quaternary (LBB) distributions of the benthic ostracode genus Krithe from the mid-depth (300-1600 m) subtropical North Atlantic Ocean. Nine species of Krithe are limited in their bathymetric distribution by warm bottom water temperatures (or a temperature-related parameter) in the thermocline of the modern Atlantic. During the last glacial interval in the northwest Providence Channel of the Little Bahama Bank five species of Krithe (K. aequabilis, K. dolichodeira, K. gr. minima, K. reversa and K. trinidadensis) migrated upslope; conversely, during the deglaciation, most Krithe species migrated downslope, re-occupying their deeper niches. These vertical species migrations are attributed to decreased glacial bottom water temperatures and perhaps increased dissolved oxygen during the last glacial and warmer water temperatures during the deglacial. Based upon thermal values of recent depth ranges of selected species of Krithe, we estimate that glacial waters cooled about 4??C (shallower than 900 m) and about 2??C (deeper than 900 m) and deglacial waters warmed about the same values in shallow and mid-depth water masses, comparing to modern temperatures. The discovery of common Halocypris, a mesopelagic ostracode, in Little Bahama Bank glacial and deglacial sediments also suggests greater oxygenation relative to the late Holocene.

  6. Effectiveness analysis of monetary policy transmission by bank credit channels%货币政策通过银行信贷渠道传导的有效性分析

    Institute of Scientific and Technical Information of China (English)

    孙燕红; 张红

    2012-01-01

    在考虑银行个体资本水平和存款水平差异的基础上,通过构建模型分析了银行个体受到资本充足率和存款准备金率双重约束时的最优信贷决策行为,并对垄断竞争的贷款市场进行均衡分析,研究了不同情况下货币政策变化通过银行信贷渠道传导的有效性.研究结果表明,①当所有银行均资本充足并能满足存款准备金率约束时,货币政策的银行信贷渠道传导是有效的;当所有银行的资本均不够充足或均不能满足存款备金率约束时,货币政策的银行信贷渠道传导完全失效;②资本充足并能满足存款准备金率约束的银行在贷款市场中的比例越高,货币政策的银行信贷渠道传导更加有效.%The optimal credit-decision behavior of an individual bank constrained by both capital adequacy and deposit reserve ratios was analyzed considering the differences in the capital and deposit levels between banks. Besides, effectiveness of the monetary policy transmission by bank credit channels was studied in the monopolistic competition loan market under different cases by equilibrium analysis. The results indicate that; ① when all banks have adequate capital and satisfy the deposit reserve ratio constraint, the bank credit channel transmission of the monetary policy is effective; while when the capital of all banks is not adequate or none of the banks can satisfy the deposit reserve ratio constraint, the transmission is absolutely ineffective; ② the higher the proportion of banks that have adequate capital and satisfy the deposit reserve ratio constraint in the loan market is, the more effective is the bank credit channel transmission of the monetary policy.

  7. 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.

  8. 12 CFR 618.8015 - Policy guidelines.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Policy guidelines. 618.8015 Section 618.8015 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM GENERAL PROVISIONS Related Services § 618.8015 Policy guidelines. (a) The board of directors of each System bank or association...

  9. 12 CFR 614.4130 - Funding and discount relationships between Farm Credit Banks or agricultural credit banks and OFIs.

    Science.gov (United States)

    2010-01-01

    ... CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Bank/Association Lending... direct loan or discounts, shall be consistent with the Farm Credit Bank's or agricultural credit bank's... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Funding and discount relationships between...

  10. Securing a Better Living Environment for Left-Behind Children: Implications and Challenges for Policies.

    Science.gov (United States)

    Lam, Theodora; Ee, Miriam; Anh, Hoang Lan; Yeoh, Brenda S A

    2013-12-01

    Migration is an increasingly significant driver of transformations in family configurations and caregiving practices as well as living arrangements. The sustainability of geographically-split family formations is dependent on several factors, including the presence and strength of care support networks among migrants and their left-behind families, access to communication infrastructure and the stability of the families' financial resources. Drawing on both a selective review of relevant academic literature as well as key findings from the CHAMPSEA Project, the article first examines the effects of these three factors on the well-being of migrants' left-behind family members, especially children. The article also considers major implications of the project's findings, as well as possible challenges for migration and development policies. One area of concern for migration and development policy arising from our research findings is the need to provide better support for left-behind caregivers or carers who are substituting for the absent migrant in childcare and domestic work but who may also need care and support themselves. Another area relates to the need to improve communication infrastructure to help migrants and their families maintain their relationships across transnational spaces; while a third lies with the importance of minimizing migrant families' economic stress stemming from the cycle of debts resulting from exorbitant broker fees and the mismanagement of remittances. By acknowledging both the social and economic costs of international labor migration on families, governments of labor-sending countries can create a more effective legal and institutional framework as well as design suitable supporting mechanisms for left-behind families. There is then a stronger possibility that migration can become a sustainable development strategy for transnational families in South-East Asia.

  11. Energy for Water Utilization in China and Policy Implications for Integrated Planning

    Science.gov (United States)

    Li, X.; Liu, J.; Zheng, C.

    2015-12-01

    Water and energy are two vital resources for human and are intrinsically linked. China is a country with acute water problems caused by increasing demand, uneven spatial-temporal distribution of water resources, and water quality deterioration. These issues are exacerbating the country's water scarcity. Meanwhile, demands for both traditional and non-traditional water resources continue to rise, driven by the country's rapid economic expansion and industrialization. To meet growing water demands, more and more energy is used for water extraction, transportation and treatment. While projects such as deep groundwater pumping, long distance water transfer and seawater desalination are adding crucial supplies of fresh water, they are consuming an ever greater amount of energy. Thus, a better understanding of water-energy linkages is important for integrated water and energy policy analysis and planning. In this study, data from multiple sources are compiled and used to calculate energy consumption for different processes of water utilization in China, including water abstraction, treatment, and distribution, as well as wastewater treatment and re-use. Sankey diagrams are used to display the magnitude and direction of water and energy flows in China at the national level. Spatial distributions of energy use by different components of the water supply were further mapped at the provincial level to discern regional differences. The results of this study show that, for the main processes considered, water utilization consumes 193.5 TWh of electricity, or about 4% of the total national electricity usage. The highest percentage of energy consumption for water is attributed to water provision process. The outcome of this study has important implications for policy reforms involving water conservation strategies, water supply structure changes and technical solutions, which, in turn, will contribute to achieving the goal of low-energy water utilization in the future.

  12. Central Bank Focuses on Money Supply and Commercial Bank Reform

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ Money supply index will continue to be the main topic of the annual meeting of Central Bank, this has actually refuted the rumor that the intermediate goal of Central Bank's monetary policy,which has been implementing for 8 years, will be demolished.

  13. Credit risk management in banks

    OpenAIRE

    Pětníková, Tereza

    2014-01-01

    The subject of this diploma thesis is managing credit risk in banks, as the most significant risk faced by banks. The aim of this work is to define the basic techniques, tools and methods that are used by banks to manage credit risk. The first part of this work focuses on defining these procedures and describes the entire process of credit risk management, from the definition of credit risk, describing credit strategy and policy, organizational structure, defining the most used credit risk mi...

  14. Brain Gain / Circulation Policy and International Student Policy in Korea : In Light of its Migration Policy and Implications for Japan

    OpenAIRE

    2015-01-01

    In the knowledge based economy, brain gain has vital importance for many countries. However, the non-English speaking countries, such as Korea and Japan, face a similar disadvantage in attracting talented foreigners. International student policy plays an important role in attracting and fostering future talents in such countries. In this paper, the characteristics of international student policy and brain gain/circulation policy of Korea will be analyzed in light of its emigration history and...

  15. 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.

  16. Economic Analysis on the Monetary Sterilization Policy of the People's Bank of China%央行货币冲销的经济学分析

    Institute of Scientific and Technical Information of China (English)

    周双

    2012-01-01

    This paper examines the effectiveness of monetary sterilization in China. The paper establishes an empirical model based on the quantitative monetary theory, the empirical testing through china's seasonal data during the period of 2003- 2011 shows that the monetary sterilization policy of the central bank is effective on the whole and the elasticity of monetary ster- ilization policy is good enough. A VAR model is also employed to detect the dynamic effects of the foreign exchange reserve in- crease and the monetary sterilization on inflation. The results show that the monetary sterilization can affiliate the inflation effect raised by the foreign exchange reserve increase.%为研究央行货币冲销政策的有效性,本文基于货币数量论构建的货币冲销理论模型,利用2003年第2季度到2011年第3季度的数据进行实证研究,结果表明,货币冲销政策确实能够有效抑制由于外汇储备增加引起的通货膨胀。进一步,利用2002年6月到2011年5月的数据建立VAR模型,考察外汇储备增加和货币冲销对物价水平以及社会产出水平的动态影响。研究表明,我国外汇储备增加具有明显的通货膨胀效应.央行货币冲销政疑对物价具有显著的平抑作用。

  17. The global diffusion of organ transplantation: trends, drivers and policy implications.

    Science.gov (United States)

    White, Sarah L; Hirth, Richard; Mahíllo, Beatriz; Domínguez-Gil, Beatriz; Delmonico, Francis L; Noel, Luc; Chapman, Jeremy; Matesanz, Rafael; Carmona, Mar; Alvarez, Marina; Núñez, Jose R; Leichtman, Alan

    2014-11-01

    Rising incomes, the spread of personal insurance, lifestyle factors adding to the burden of illness, ageing populations, globalization and skills transfer within the medical community have increased worldwide demand for organ transplantation. The Global Observatory on Donation and Transplantation, which was built in response to World Health Assembly resolution WHA57.18, has conducted ongoing documentation of global transplantation activities since 2007. In this paper, we use the Global Observatory's data to describe the current distribution of - and trends in - transplantation activities and to evaluate the role of health systems factors and macroeconomics in the diffusion of transplantation technology. We then consider the implications of our results for health policies relating to organ donation and transplantation. Of the World Health Organization's Member States, most now engage in organ transplantation and more than a third performed deceased donor transplantation in 2011. In general, the Member States that engage in organ transplantation have greater access to physician services and greater total health spending per capita than the Member States where organ transplantation is not performed. The provision of deceased donor transplantation was closely associated with high levels of gross national income per capita. There are several ways in which governments can support the ethical development of organ donation and transplantation programmes. Specifically, they can ensure that appropriate legislation, regulation and oversight are in place, and monitor donation and transplantation activities, practices and outcomes. Moreover, they can allocate resources towards the training of specialist physicians, surgeons and transplant coordinators, and implement a professional donor-procurement network.

  18. STUDY ON BEIJING'S EMERGING MOBILE COMMUNICATION INDUSTRIAL CLUSTER AND ITS POLICY IMPLICATIONS

    Institute of Scientific and Technical Information of China (English)

    SUN Tie-shan; LI Guo-ping; LU Ming-hua

    2003-01-01

    This paper is a preliminary and illustrative case study of Beijing's emerging mobile communication industri-al (MCI) cluster, which helps understand the cluster by qualitative analysis and description. Beijing's MCI cluster is emerg-ing as far as the competence of the industry and its spatial concentration are concerned, although it is not the type of thecluster described by PORTER due to the low competence of indigenous firms. The formation of the cluster can be ex-plained by means of the factor and demand conditions of Beijing. However, it is mostly determined by the multinationalsthat promote the growth of the industry and the formation of the cluster, and by the government that also plays a key rolein many ways. As a matter of fact, the interaction between the multinationals and the local government is the key to under-standing the formation of the cluster. Allinall, Beijing's emerging MCI cluster is a value-chain, geographicallyconcentrat-ed but non-localized cluster, which is highly dominated by the multinationals and the local government. Its special character-istics bear some policy implications as to the change of the roles of the local government and the localization of multination-als, etc.

  19. INNOVATIVE STRATEGY IN SHRIMP POTIGUAR: ASYMMETRIES POWER GENERATION AND IMPLICATIONS FOR POLICY INNOVATION

    Directory of Open Access Journals (Sweden)

    Mariana Baldi

    2012-12-01

    Full Text Available This paper aims to analyze the technological trajectory and the actors – public and private - political behave in the carciniculture network (cultivate of shrimp in the federal estate of Rio Grande do Norte. The research was based on both embeddedness and cluster policy approach. The case study was based on bibliographic, archives, and empirical data, whose primary data were collected through semi-structured interviews carried on with 10 members of different organizations from carciniculture sector in the period 2009-2010, as well as interviews already conducted in the area since the year 2005. These data were submitted to content analysis with longitudinal and descriptive approach. Along the technological trajectory of the cluster we highlighted opportunities and limits for innovative strategies generated by asymmetries of power and ability to influence actors in the network. We highlight the relationship between 'power network' and 'links established with public actors' as well as the implications for innovation along the trajectory generated by a more or less state interference.

  20. Green Economy Performance and Green Productivity Growth in China’s Cities: Measures and Policy Implication

    Directory of Open Access Journals (Sweden)

    Jianglong Li

    2016-09-01

    Full Text Available Resource depletion and environmental degradation have become serious challenges for China’s sustainable development. This paper constructs indicators to assess China’s green economy performance and green productivity growth, in which economic expansion, resource conservation and environmental protection need to be incorporated simultaneously. For this purpose, we combine non-radial directional distance function and meta-frontier Malmquist productivity to develop the indicators. The methodology also allows for the decomposition of driving forces of China’s green economy. Moreover, the dataset employed in this paper allows for the evaluation of 275 cities in China during the period 2003–2012. The main findings are as follows. First, most of China’s cities did not perform efficiently in terms of the green economy, with an average score of only 0.233. Second, the growth rate of green productivity is slower than real GDP, and the green productivity growth in China is only moderate. Third, innovation is the main driving force of China’s green productivity growth, but the central region lags behind when it comes to green innovation. Fourth, artificial local protectionism and transport limitations impede the progress of cities that perform ineffectively in the green economy. Based on our empirical findings, we provide policy implications and suggestions for enhancing China’s green economy performance and productivity growth.

  1. Internet access to Salvia divinorum: implications for policy, prevention, and treatment.

    Science.gov (United States)

    Hoover, Valerie; Marlowe, Douglas B; Patapis, Nicholas S; Festinger, David S; Forman, Robert F

    2008-07-01

    This study determined the degree to which Salvia divinorum, a potent hallucinogenic drug that is legal in most U.S. jurisdictions, is being proffered for sale over the Internet and how it is being characterized on popular Web sites. Search results revealed that between one half and two thirds (58%) of the Web sites either offered to sell S. divinorum or linked to other Web sites offering to sell the drug and that more than three quarters (78%) of the Web sites advocated for its use. Many of the statements issued on the Web sites were erroneous or falsely interpreted the absence of scientific data on the possible side effects of S. divinorum as evidence that no side effect exists. The portrayal and availability of S. divinorum on the Internet are similar to those of other illicit and prescription drugs of abuse. However, much less is known about the short- and long-term effects of this novel drug. Consequently, there is little basis to contradict the many Web sites that encourage its use. Implications for drug policy, prevention, and treatment are discussed.

  2. Review of economic and energy sector implications of adopting global climate change policies

    Energy Technology Data Exchange (ETDEWEB)

    Novak, M.H.

    1997-12-31

    This paper summarizes a number of studies examining potential economic impacts of global climate change policies. Implications for the United States as a whole, the U.S. energy sector, the U.S. economy, businesses and consumers, and world economies are considered. Impact assessments are performed of U.S. carbon emissions, carbon taxes, and carbon restrictions by comparing estimates from various organizations. The following conclusions were made from the economic studies: (1) the economic cost of carbon abatement is expensive; (2) the cost of unilateral action is very expensive with little quantifiable evidence that global emissions are reduced; (3) multilateral actions of developed countries are also very expensive, but there is quantifiable evidence of global emissions reductions; and (4) global actions have only been theoretically addressed. Paralleling these findings, the energy analyses show that the U.S. is technologically unprepared to give up fossil fuels. As a result: (1) carbon is not stabilized without a high tax, (2) stabilization of carbon is elusive, (3) technology is the only long-term answer, and (4) targeted programs may be appropriate to force technology development. 8 tabs.

  3. Impact of Foreign Bank Entry on the Performance of Chinese Banks

    Institute of Scientific and Technical Information of China (English)

    Chung-Hua Shen; Chin-Hwa Lu; Meng-Wen Wu

    2009-01-01

    This study investigates how foreign bank/investor penetrations influence local bank performance in China. At the country level, foreign bank penetration is proxied by MacroFP, measured by the percentage of banks with foreign strategic investors (FSI) among total banks. At the bank level, foreign bank penetration is proxied by MicroFP, measured by the percentage shareholding of FSI in a bank. When foreign bank penetration is proxied by MacroFP, it is found to improve the profitability of local banks but not to reduce costs. Next, when foreign bank penetration is proxied by MicroFP, it is found to affect neither profitability nor costa. In sum, the present study demonstrates that the opening-up policy is correct from a macro perspective. However, for banks that have introduced FSI, determining the reasona for improvements in performance being inhibited is more important than releasing more shares to foreign investors.

  4. CO2 Capture from the Air: Technology Assessment and Implications for Climate Policy

    Science.gov (United States)

    Keith, D. W.

    2002-05-01

    It is physically possible to capture CO2 directly from the air and immobilize it in geological structures. Today, there are no large-scale technologies that achieve air capture at reasonable cost. Yet, strong arguments suggest that it will comparatively easy to develop practical air capture technologies on the timescales relevant to climate policy [1]. This paper first analyzes the cost of air capture and then assesses the implications for climate policy. We first analyze the lower bound on the cost needed for air capture, describing the thermodynamic and physical limits to the use of energy and land. We then compare the costs of air capture to the cost of capture from combustion exhaust streams. While the intrinsic minimum energy requirement is larger for air capture, we argue that air capture has important structural advantages, such as the reduction of transport costs and the larger potential for economies of scale. These advantages suggest that, in the long-run air capture be competitive with other methods of achieving deep emissions reductions. We provide a preliminary engineering-economic analysis of an air capture system based on CaO to CaCO3 chemical looping [1]. We analyze the possibility of doing the calcination in a modified pressurized fluidized bed combustor (PFBC) burning coal in a CO2 rich atmosphere with oxygen supplied by an air separation unit. The CaCO3-to-coal ratio would be ~2:1 and the system would be nearly thermally neutral. PFBC systems have been demonstrated at capacities of over 100 MW. Such systems already include CaCO3 injection for sulfur control, and operate at suitable temperatures and pressures for calcination. We assess the potential to recover heat from the dissolution of CaO in order to reduce the overall energy requirements. We analyze the possibility of adapting existing large water/air heat exchangers for use as contacting systems to capture CO2 from the air using the calcium hydroxide solution. The implications of air capture

  5. Recreational Fisheries and Marine Protected Area Management: Marine Policy and Environmental Management of the Flower Garden Banks National Marine Sanctuary (USA

    Directory of Open Access Journals (Sweden)

    Juan Carlos Levesque

    2011-06-01

    Full Text Available The demand on our marine resources is increasing at unsustainable rates; however, marine policy and management is complex, political, and time consuming. One tool that resource managers in the United States use for managing, protecting, and conserving fragile marine resources is the designation of Marine Protected Areas. Presently, the public is concerned with the status and health of the fish and fisheries associated with the Flower Garden Banks National Marine Sanctuary (FGBNMS. Given these conservation and social issues, the main goal of this study was to provide an evaluation of the recreational fisheries associated with the FGBNMS. Findings showed that recreational landings were dominated by red snapper, vermilion snapper, and gray triggerfish; landings varied significantly by month and location. The highest fishing effort was in summer and the highest catch rates were in spring and fall; catch rates varied significantly by species and location in some areas. The mean weight of the primary recreational species taken was correlated negatively with time, but statistical similar. Proposed management measures for the FGBNMS are expected to impact some recreational fisheries, but long-term outcomes should benefit the Gulf of Mexico ecosystem.

  6. 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.

  7. 12 CFR 918.2 - Annual directors' compensation policy.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Annual directors' compensation policy. 918.2... HOME LOAN BANKS BANK DIRECTOR COMPENSATION AND EXPENSES § 918.2 Annual directors' compensation policy... written policy to provide for the payment to Bank directors of reasonable compensation for the...

  8. 12 CFR 918.3 - Compensation policy requirements.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Compensation policy requirements. 918.3 Section... LOAN BANKS BANK DIRECTOR COMPENSATION AND EXPENSES § 918.3 Compensation policy requirements. Payment to directors under each Bank's policy on director compensation may be based upon factors that the...

  9. 货币政策与商业银行风险承担行为--基于上市商业银行微观层面数据的实证研究%Monetary Policy and the Risk-taking Behavior of Commercial Banks---An Empirical Study on the Micro-data from the Listed Commercial Banks

    Institute of Scientific and Technical Information of China (English)

    薛襄稷

    2015-01-01

    This paper utilizes the system of GMM to examine the risk-taking channel of monetary policy and heterogeneity on the risk-taking ability of the commercial banks on the basis of the data from China's 14 listed banks in the year of 2003-2014. It shows that Monetary Policy Tools, whether quantitative or pricing, exert a negative influence on the risk-taking ability of the banking industry. With other factors being constant, banks are liable to take more risks under the loose monetary policy. In addition, Heterogeneity in the aspect of different banking risk-taking abilities exists in banks of different types and with microscopic characteristics. It also indicates that China's monetary policy is far from neutral and monetary authorities should keep alert to the problems of risk-taking abilities facing the banks and other financial institutions, especially the microscopic characteristics hereof, execute different managing strategies and promote the stability of financial system and macro-economy.%利用系统广义矩估计法,对中国2003年-2014年14家上市银行微观数据货币政策银行风险承担渠道及不同银行风险对货币政策反应的异质性问题进行考察,结果显示:无论是数量型还是价格型货币政策工具,均对银行的风险承担均有负向影响,后者的影响大于前者;同时,不同银行类型及微观特征下银行风险承担存在异质性。这说明中国货币政策并非中性的,货币当局应关注银行等金融机构的风险承担问题,尤其要根据银行类型及微观特征,实行差异化管理,维护金融体系和宏观经济的稳定。

  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. 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.

  13. Children, Families and Poverty: Definitions, Trends, Emerging Science and Implications for Policy. Social Policy Report. Volume 26, Number 3

    Science.gov (United States)

    Aber, Lawrence; Morris, Pamela; Raver, Cybele

    2012-01-01

    Now, more than ever, it is crucial to address the topic of children and poverty in the U.S., given current scientific knowledge about poverty's influence on children and effective strategies to mitigate its negative impact. In this report, we summarize the best available information on definitions and trends in child poverty, policy responses to…

  14. Medical tourism and policy implications for health systems: a conceptual framework from a comparative study of Thailand, Singapore and Malaysia.

    Science.gov (United States)

    Pocock, Nicola S; Phua, Kai Hong

    2011-05-04

    Medical tourism is a growing phenomenon with policy implications for health systems, particularly of destination countries. Private actors and governments in Southeast Asia are promoting the medical tourist industry, but the potential impact on health systems, particularly in terms of equity in access and availability for local consumers, is unclear. This article presents a conceptual framework that outlines the policy implications of medical tourism's growth for health systems, drawing on the cases of Thailand, Singapore and Malaysia, three regional hubs for medical tourism, via an extensive review of academic and grey literature. Variables for further analysis of the potential impact of medical tourism on health systems are also identified. The framework can provide a basis for empirical, in country studies weighing the benefits and disadvantages of medical tourism for health systems. The policy implications described are of particular relevance for policymakers and industry practitioners in other Southeast Asian countries with similar health systems where governments have expressed interest in facilitating the growth of the medical tourist industry. This article calls for a universal definition of medical tourism and medical tourists to be enunciated, as well as concerted data collection efforts, to be undertaken prior to any meaningful empirical analysis of medical tourism's impact on health systems.

  15. Financial sector policies for enterprise development in Africa

    Directory of Open Access Journals (Sweden)

    Andy W. Mullineux

    2014-12-01

    Full Text Available This paper explores the key issues relating to financial sector policies for enterprise development, with special implications for Africa. The role of the formal financial sector – ranging from microfinance institutions, banks, the capital market, and regulatory agencies – is discussed with respect to enterprise development at all levels, including start-ups, small and medium firms, and large corporates. Specific policy choices for African countries are highlighted, including exploiting the current communications and information technology (CIT revolution.

  16. Estimated causes of death in Thailand, 2005: implications for health policy

    Directory of Open Access Journals (Sweden)

    Vos Theo

    2010-05-01

    registration. Leading causes of death have remained stable since 1999, with the exception of a large decline in HIV/AIDS mortality. Conclusions Field research into the accuracy of cause-of-death data can result in substantially different patterns of mortality than suggested by routine death registration. Misclassification errors are likely to have very significant implications for health policy debates. Routine incorporation of validated verbal autopsy methods could significantly improve cause-of-death data quality in Thailand.

  17. Factors associated with female genital mutilation in Burkina Faso and its policy implications

    Directory of Open Access Journals (Sweden)

    Chung Donna

    2011-05-01

    Full Text Available Abstract Background Female genital mutilation (FGM usually undertaken between the ages of 1-9 years and is widely practised in some part of Africa and by migrants from African countries in other parts of the world. Laws prohibit FGM in almost every country. FGM can cause immediate complications (pain, bleeding and infection and delayed complications (sexual, obstetric, psychological problems. Several factors have been associated with an increased likelihood of FGM. In Burkina Faso, the prevalence of FGM appears to have increased in recent years. Methods We investigated social, demographic and economic factors associated with FGM in Burkina Faso using the 2003 Demographic Health Survey (DHS. The DHS is a nationally representative cross-sectional survey (multistage stratified random sampling of households of women of reproductive age (15-49 years. Associations between potential risk factors and the prevalence of FGM were explored using χ2 and t-tests and Mann Whitney U-test as appropriate. Logistic regression modelling was used to investigate social, demographic and economic risk factors associated with FGM. Main outcome measures i whether a woman herself had had FGM; ii whether she had one or more daughters with FGM. Results Data were available on 12,049 women. Response rates by region were at least 90%. Women interviewed were representative of the underlying populations of the different regions of Burkina Faso. Seventy seven percent (9267 of the women interviewed had had FGM. 7336 women had a daughter of whom 2216 (30.2% had a daughter with FGM and 334 (4.5% said that they intended that their daughter should have it. Univariate analysis showed that age, religion, wealth, ethnicity, literacy, years of education, household affluence, region and who had responsibility for health care decisions in the household had (RHCD were all significantly related to the two outcomes (p Conclusions and Policy implications Factors associated with FGM are varied

  18. An Empirical Study on Liquidity and Bank Lending

    OpenAIRE

    Koray Alper; Timur Hulagu; Gursu Keles

    2012-01-01

    In this study, by using a panel data of Turkish banks, we empirically analyze whether monetary policies that are able to manipulate liquidity positions of banks can affect bank lending. Our results suggest that bank specific liquidity is important in credit supply. Moreover, in determining their lending, banks consider not only their individual liquidity position but also the systemic liquidity. Hence, any monetary policy which can alter liquidity is potentially effective on credit supply.

  19. Teacher-Student Relationship Climate and School Outcomes: Implications for Educational Policy Initiatives

    Science.gov (United States)

    Barile, John P.; Donohue, Dana K.; Anthony, Elizabeth R.; Baker, Andrew M.; Weaver, Scott R.; Henrich, Christopher C.

    2012-01-01

    In recent discussions regarding concerns about the academic achievement of US students, educational policy makers have suggested the implementation of certain teacher policies. To address the limited empirical research on the putative educational impact of such policies, this study used multilevel structural equation models to investigate the…

  20. Health policy perception and health behaviours: a multilevel analysis and implications for public health psychology.

    NARCIS (Netherlands)

    Lengerke, T. von; Vinck, J.; Rütten, A.; Reitmeir, P.; Abel, T.; Kannas, L.; Lüschen, G.; Rodríguez Diaz, J.A.; Zee, J. van der

    2004-01-01

    Associations of health policy perception with health behaviours are analysed. Policy perception is differentiated in information about programmes and appraisal of health policy’s contribution to policy goals, and conceptualized on the level of: (1) individuals; and (2) populations (as a social clima

  1. About The Future Of The Institution Of The Central Bank

    Directory of Open Access Journals (Sweden)

    POP Napoleon

    2012-12-01

    Full Text Available The evolution of the financial crisis is touching more and more the future of the central banks by forcing them, for the sake of solutions to the sovereign debts, to do what in so far appeared almost impossible. We can presume such a future, but for the moment we have to observe that central banks, mainly those emitting money used as reserve currencies – for example FED or ECB – are confronted with a strong depletion of their monetary instruments (their monetary policy interest rates are around zero and a great expansion of their balance sheet as an excuse for being the lenders of last resort. At this point, we have to discuss the perverse effect of reaching the minimum efficacy of the instruments used by the central banks regarded as institution and not only as policy makers enjoying a quite long historical building of their credibility and independence. The latest context of the expansion of their balance sheet is giving strong arguments of their implication in fiscal policy, which might ruin their credibility at a time when we say that the core problem of the global economy is the lack of trust of the investors. The same thing is true with their independence, both issues being conducive to the challenge to the future role of the institution of the central bank. The present realities, encompassing already more than five years of seeking solutions to the crisis still in evolution, incite us to tackle with the outcome for the central banks having in mind that the institutions becoming what we feel today as being central banks are under a certain pressure which is affecting exactly their core features giving to them the greatness we were proud of.

  2. Monetary Policy Proving Effective

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Hu Xiaolian,Vice Governor of the People's Bank of China,the country's central bank,published an article concerning China's managed floating exchange rate regime and the effectiveness of the monetary policy on the bank's website on July 26.She pointed out monetary policy,as an important instrument of China's macroeconomic control,has faced many challenges in recent years.A more flexible exchange rate regime will help improve the effectiveness of the policy.

  3. PUBLIC EXPENDITURE POLICY IN THE CONTEXT OF ECONOMIC CRISIS - CHALLENGES AND IMPLICATIONS

    Directory of Open Access Journals (Sweden)

    Petrisor Mihai - Bogdan

    2011-07-01

    Full Text Available Public spending is a key component for both public finances and government financial policy. In this situation, government expenditures are made in direct relation with the results of governance with economic and financial crises and global social welfare of the nation. From this perspective, our article aims to highlight the correlation between public expenditure and budgetary financial and economic crisis and, also, state government responses, anticipating their impact on medium and long term. Also, in the context of the crisis and the concomitent lack of public revenue, we identify the pillars on which to base the budget reduction in public expenditure. The implications of the economic crisis in Romania are analyzed along with proposed measures to be followed by the Government through budgetary fiscal strategy. In relation to the purpose and objectives of the research, documentation was made both in terms of bibliographic resources and the plan of legislative documents and quantitative reporting. We believe that the issue of increasing allocative efficiency of resources is vital to counter the current crisis, but also to maximize the positive effects of public interventions in general and from another state, we consider that state and, consequently, public expenditure budget which should be used to replace the market, can not be regarded as some suggest to be founded and we suggest a line for developed countries. This work was supported by the grant “Post-doctoral studies in Economics: program for continuous forming of elite researchers – SPODE”, contract POSDRU/89/1.5/S/61755, project financed by the European Social Fund, by the Operational Sectorial Program Development of Human Resources 2007-2013.

  4. Analysis of policy implications and challenges of the Cuban health assistance program related to human resources for health in the Pacific

    Directory of Open Access Journals (Sweden)

    Asante Augustine D

    2012-05-01

    Full Text Available Abstract Background Cuba has extended its medical cooperation to Pacific Island Countries (PICs by supplying doctors to boost service delivery and offering scholarships for Pacific Islanders to study medicine in Cuba. Given the small populations of PICs, the Cuban engagement could prove particularly significant for health systems development in the region. This paper reviews the magnitude and form of Cuban medical cooperation in the Pacific and analyses its implications for health policy, human resource capacity and overall development assistance for health in the region. Methods We reviewed both published and grey literature on health workforce in the Pacific including health workforce plans and human resource policy documents. Further information was gathered through discussions with key stakeholders involved in health workforce development in the region. Results Cuba formalised its relationship with PICs in September 2008 following the first Cuba-Pacific Islands ministerial meeting. Some 33 Cuban health personnel work in Pacific Island Countries and 177 Pacific island students are studying medicine in Cuba in 2010 with the most extensive engagement in Kiribati, the Solomon Islands, Tuvalu and Vanuatu. The cost of the Cuban medical cooperation to PICs comes in the form of countries providing benefits and paying allowances to in-country Cuban health workers and return airfares for their students in Cuba. This has been seen by some PICs as a cheaper alternative to training doctors in other countries. Conclusions The Cuban engagement with PICs, while smaller than engagement with other countries, presents several opportunities and challenges for health system strengthening in the region. In particular, it allows PICs to increase their health workforce numbers at relatively low cost and extends delivery of health services to remote areas. A key challenge is that with the potential increase in the number of medical doctors, once the local students

  5. 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.

  6. The Effect of Foreign Bank Presence on Domestic Banks Performance: An Evidence from a Developing Economy

    Directory of Open Access Journals (Sweden)

    Usman Bashir

    2014-04-01

    Full Text Available This study examines the effect of foreign bank presence on the behaviour of domestic banks by using the annual data of 37 commercial banks comprising of 7 foreign and 30 domestic banks for the time period of 2007 to 2011. We investigated how net interest margin, return on assets, overhead costs, cost to income and nonperforming loans are effected by the foreign bank presence. We have used panel regression analysis employing bank specific fixed effect model. As a developing country case, the results suggest that the increase in foreign bank share effects the interest margins and profitability of domestic banks in a decreasing manner. It wouldn't be erroneous to express that foreign banks have a positive effect on the competitive environment of domestic banks increasing overall banking standard in Pakistan, the licensing policies should be further liberalized to let new entrants further improve the domestic financial intermediation system.

  7. Investigating the health implications of social policy initiatives at the local level: study design and methods

    Directory of Open Access Journals (Sweden)

    Carey Gemma E

    2010-12-01

    Full Text Available Abstract Background In this paper we present the research design and methods of a study that seeks to capture local level responses to an Australian national social policy initiative, aimed at reducing inequalities in the social determinants of health. Methods/Design The study takes a policy-to-practice approach and combines policy and stakeholder interviewing with a comparative case study analysis of two not-for-profit organisations involved in the delivery of federal government policy. Discussion Before the health impacts of broad-scale policies, such as the one described in this study, can be assessed at the population level, we need to understand the implementation process. This is consistent with current thinking in political science and social policy, which has emphasised the importance of investigating how, and if, policies are translated into operational realities.

  8. 宏观政策调整下银企关系与公司现金持有策略%Bank-Enterprise Relationship and Corporate Cash Holding Strategy under Macro Policy Adjustment

    Institute of Scientific and Technical Information of China (English)

    杨小平; 罗付岩

    2014-01-01

    This paper investigates whether bank -enterprise relationship and macro policy adjustment can affect the level of corporate cash holding by substituting the degree of difficulty of corporate gaining financial external fund from banks for the level of bank-enterprise relationship .As expected , strong evidence supports that firms with stronger bank -enter-prise relationship tend to hold less cash .Based on the study , it is also found that firms without stronger bank -enterprise relationship hold more cash in the tighter period of monetary policy , owing to excessive costs of external financing .Our findings are in line with both the precautionary motive and pecking order theory of financing for holding cash .%本文用企业获得银行融资贷款的难易程度代替银企关系水平,实证研究银企关系和宏观政策调整是否会影响公司现金持有水平。研究结论显示银企关系密切的公司常常持有更少的现金,反之公司则在货币政策紧缩期间持有更多的现金,这是因为从外部筹集资金的代价过高。这一研究结果符合现金持有的预防性动机理论和融资优序理论。

  9. The impact of bank size and funding risk on bank stability

    Directory of Open Access Journals (Sweden)

    Michael Adusei

    2015-12-01

    Full Text Available Does bank size significantly explain the variations in bank stability? Does bank funding risk significantly impact bank stability? This paper addresses these two questions with data from the rural banking industry in Ghana. Controlling for credit risk, liquidity risk, diversification in the business model, profitability, inflation, financial structure and gross domestic product, the results suggest that an increase in the size of a rural bank results in an increase in its stability. The results also show that funding risk positively impacts bank stability. The positive relationship between size and bank stability has important repercussions for the current debate on whether or not to constrain bank size to insulate the financial system from future crisis. The positive relationship between funding risk and bank stability also has important implications for the current debate on funding of retail banks.

  10. Bank Lending, Housing and Spreads

    DEFF Research Database (Denmark)

    Aslam, Aqib; Santoro, Emiliano

    of private borrowing between collaterally-constrained 'impatient' households and unconstrained 'patient' households, such as those put forward by Kiyotaki and Moore (1997) and Iacoviello (2005), is counteracted by the banking attenuator effect, given an endogenous steady state spread between loan and savings......The framework presented in this paper takes its cue from recent financial events and attempts to develop a tractable framework for policy analysis of macro-linkages, in particular a first attempt at the integration of an independent profit-maximising banking sector that lends to and borrows from...... agents in the economy, and through which changes in the monetary policy rate by the central bank are transmitted. The inter-linkages between housing and the role of the banking sector in the transmission of monetary policy is emphasized. Two competing effects are highlighted: (i) a financial accelerator...

  11. Bank Lending, Housing and Spreads

    DEFF Research Database (Denmark)

    Aslam, Aqib; Santoro, Emiliano

    The framework presented in this paper takes its cue from recent financial events and attempts to develop a tractable framework for policy analysis of macro-linkages, in particular a first attempt at the integration of an independent profit-maximising banking sector that lends to and borrows from...... agents in the economy, and through which changes in the monetary policy rate by the central bank are transmitted. The inter-linkages between housing and the role of the banking sector in the transmission of monetary policy is emphasized. Two competing effects are highlighted: (i) a financial accelerator...... channel, due to the presence of collateralized borrowers, and (ii) a banking attenuator effect, which crucially arises from the spread in interest rates caused by the introduction of monopolistically competitive financial intermediaries. We show how the classical amplification mechanism explored in models...

  12. North Korea's nuclear weapons development. Implications for future policy

    Energy Technology Data Exchange (ETDEWEB)

    Pollack, J.D.

    2010-07-01

    This essay assesses North Korea's long-standing quest for nuclear weapons; alternative strategies for inhibiting Pyongyang's weapons development; and the potential implications for regional security and nonproliferation should the Democratic People's Republic of Korea (DPRK) retain and enhance its weapons programs. North Korea's pursuit of a nuclear weapons capability has long provoked heated debate among policy makers and research analysts about the purposes of engagement with the North, reflecting the repeated frustrations in efforts to negotiate Korean denuclearization. These debates reflect widely divergent views of the North Korean regime; its sustainability as an autonomous political, economic, and military system; and the potential consequences of continued nuclear development in this isolated, highly idiosyncratic state. These questions assume additional salience as North Korea approaches a leadership succession for only the second time in its six-decade history. The effort to inhibit North Korea's pursuit of nuclear weapons is among the longest running and least successful sagas in international security and non-proliferation policy of the past quarter century. In early 2010, Pyongyang claims a rudimentary nuclear capability by possession of weaponized plutonium, the conduct of two nuclear tests, and advances in the production of enriched uranium as an alternative means of fissile material production, though the latter step is nominally justified as a source for reactor fuel. North Korea defends its pursuit of a nuclear deterrent to counter what Pyongyang deems existential threats posed by the United States.Despite the resumption of high-level diplomatic contact between Washington and Pyongyang in late 2009, realization of a non-nuclear Korean Peninsula remains a very remote prospect. The DPRK insists that a peace agreement between the U.S. and North Korea and hence the cessation of 'hostile DPRK-U.S. relations' are

  13. Longevity of Juniperus procera seed lots under different storage conditions: implications for ex situ conservation in seed banks

    Institute of Scientific and Technical Information of China (English)

    Negash Mamo; Diriba Nigusie; Mulualem Tigabu; Demel Teketay; Miftah Fekadu

    2011-01-01

    Juniperus procera Endl. Is economically important timberspecies, but its populations are extremely small and fragmented in itsnatural habitat, thus, calling for immediate ex situ conservation. Here weexamined the effects of seed sources and storage temperature on thelongevity of Juniperus procera seed lots through collection and preserva-tion of seeds in seed banks. Seeds were collected from nine sites acrossthe species natural distribution in Ethiopia and stored in four warehouses:modern cold room (5℃), mud house (15℃), concrete block house (17℃)or corrugated iron house (20℃) for 42 months. Every three months, arandom sample of stored seeds were drawn and tested for germination. Ahighly significant variation (p 0.80; p<0.01). Cold storage also resulted in enhancement ofgermination through its stratification effect that terminated the non-deepphysiological dormancy of juniper seeds. In conclusion, seed lots withgood initial germination can be effectively stored in cold room (5℃) upto four years. In the absence of modern cold stores, mud houses can beused as a good altemative to store seeds at local level.

  14. Analisis Yuridis Terhadap Pemberian Kredit Jangka Pendek Melalui Kewenangan Bank Indonesia Terhadap Bank-Bank Bermasalah Dalam Pembayaran Kredit (Studi Terhadap Kasus Bank Century)

    OpenAIRE

    Pasaribu, Andreas Dimpos

    2012-01-01

    Bank Indonesia as the central bank has the authority issued a policy in the short-term loans to rescue troubled banks. Bank Indonesia may provide funds to banks experiencing liquidity problems through the Short Term Funding Facility (FPJP) in the form of credit to cope with short-term financial problems to be resolved because if not addressed will affect systemic. The problems discussed in this study were: first, how is the setting of short-term financing facility in the banking system in ...

  15. The European Central Bank and the Eurosystem

    OpenAIRE

    Carol C. Bertaut

    2002-01-01

    The Eurosystem comprises the European Central Bank at its center as well as the national central banks of the twelve countries currently participating in monetary union. The European Central Bank was established in July 1998, six months before the beginning of Stage Three of economic and monetary union. Although decisions regarding monetary policy are made centrally by the Governing Council of the Eurosystem, the operational aspects of monetary policy-including open market operations, adminis...

  16. Return to General Education and Vocational Education & Training in Indian Context: Policy Implications

    Science.gov (United States)

    Ahmed, Tutan; Chattopadhyay, Raghabendra

    2016-01-01

    Purpose: Measurement of returns to vocational education has always remained a matter of controversy (Psacharopoulos, 1994; Bennell and Segerstrom, 1998; Ziderman, 1997). Based upon the return evidence many World Bank projects were scrapped (Middleton and Ziderman, 1997, Bennell and Segerstrom, 1998). However, there is again a growing interest for…

  17. 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...

  18. Study of US/EU National Innovation Policies Based on Nanotechnology Development, and Implications for Korea

    Directory of Open Access Journals (Sweden)

    Lim, Jung Sun

    2015-03-01

    Full Text Available Recently US/EU governments are utilizing nanotechnology as a key catalyst to support national innovation policies with economic recovery goals. US/EU nano policies have been serving as a global model to various countries, including Korea. So the authors initially seek to understand US/EU national innovation policy interconnections, and then find the role of nanotechnology development within. To strengthen national policy coherence, nanotechnology development strategies are under evolution as an innovation catalyst for promoting commercialization. To strategically support nano commercialization, EHS (Environmental, Health, Safety and informatics are invested as priority fields to strengthen social acceptance and sustainability of nano enabled products. The current study explores US/EU national innovation policies including nano commercialization, EHS, and Informatics. Then obtained results are utilized to analyze weaknesses of Korean innovation systems of connecting creative economy and nanotechnology development policies. Then ongoing improvements are summarized focusing on EHS and informatics, which are currently prominent issues in international nanotechnology development.

  19. 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.

  20. 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:

  1. 7 CFR 1610.5 - Minimum Bank loan.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 11 2010-01-01 2010-01-01 false Minimum Bank loan. 1610.5 Section 1610.5 Agriculture Regulations of the Department of Agriculture (Continued) RURAL TELEPHONE BANK, DEPARTMENT OF AGRICULTURE LOAN POLICIES § 1610.5 Minimum Bank loan. A Bank loan will not be made unless the applicant qualifies for a...

  2. Implications of China's Open-Door Policy for Families: A Family Impact Analysis

    Science.gov (United States)

    Quach, Andrew S.; Anderson, Elaine A.

    2008-01-01

    China's open-door policy (ODP) was created in 1978 as a response to the severe economic depression affecting the country after the Cultural Revolution. The policy was designed to restore China's financial status and lift the nation out of destitution. By all accounts, the ODP has been successful in improving the country's monetary condition.…

  3. The Impact of Immigration Policy on Education Reform: Implications for the New Millennium.

    Science.gov (United States)

    Contreras, A. Reynaldo

    2002-01-01

    Analyzes how immigration policy affects educators' efforts to teach in schools serving immigrant families, highlighting critical factors in meeting the needs of immigrant students (e.g., access to schools and differentiated curricula). Suggests that immigration policy affects education by facilitating a massive increase in immigrant enrollment,…

  4. The invisibility of children's paid and unpaid work: implications for Ethiopia's national poverty reduction policy

    NARCIS (Netherlands)

    Woldehanna, T.; Jones, N.; Tefera, B.

    2008-01-01

    The complexities of intergenerational and gendered intra-household resource allocations are frequently overlooked in poverty reduction policies. To address this lacuna, this article focuses on links between macro-development policies and children's paid and unpaid work burden in Ethiopia. Using a mi

  5. Race and Populist Radical Right Discourses: Implications for Roma Education Policy in Hungary

    Science.gov (United States)

    Lugosi, Nicole V. T.

    2015-01-01

    Non-government organizations and policy makers agree that the best route to eradicating the widespread discrimination and poverty among the Roma is to improve the quality of and access to education. A cursory glance at the Hungarian Government website suggests that policy makers are on top of the problem with good laws and initiatives in place.…

  6. The Invisibility of Children's Paid and Unpaid Work: Implications for Ethiopia's National Poverty Reduction Policy

    Science.gov (United States)

    Woldehanna, Tassew; Jones, Nicola; Tefera, Bekele

    2008-01-01

    The complexities of intergenerational and gendered intra-household resource allocations are frequently overlooked in poverty reduction policies. To address this lacuna, this article focuses on links between macro-development policies and children's paid and unpaid work burden in Ethiopia. Using a mixed methods approach, quantitative household…

  7. Evolution of China’s Forestry Policies since 1949 and Experience and Implications

    Institute of Scientific and Technical Information of China (English)

    Yunhong; HU; Junjie; HE

    2013-01-01

    Since 1949,the Chinese Communist Party ( CPC) and government have formulated series of policies to promote construction and development of forestry. The evolution of forestry policies brings constant deepening of understanding of the Party and government about forestry development laws. Forestry policies evolve from emergency and provisional to systematic and overall functions,making them become more scientific,pertinent and prospective. Besides,formulation of forestry policies is gradually influenced by international factors. When formulating forestry policies,it is required to follow forestry development laws,keep pace with time,and make constant improvement in practice,to suit demands of times and social development,and prudently handle the relationship between economic benefits and ecological benefits of forestry.

  8. On the Implications of Knowledge Bases for Regional Innovation Policies in Germany

    Directory of Open Access Journals (Sweden)

    Hassink Robert

    2014-12-01

    Full Text Available Regional innovation policies have been criticised for being too standardised, one-size-fits-all and place-neutral in character. Embedded in these debates, this paper has two aims: first, to analyse whether industries with different knowledge bases in regions in Germany have different needs for regional innovation policies, and secondly, to investigate whether knowledge bases can contribute to the fine-tuning of regional innovation policies in particular and to a modern, tailor-made, place-based regional innovation policy in general. It concludes that although needs differ due to differences in knowledge bases, those bases are useful only to a limited extent in fine-tuning regional innovation policies

  9. Impact, regulation and health policy implications of physician migration in OECD countries

    Directory of Open Access Journals (Sweden)

    Simoens Steven

    2004-07-01

    Full Text Available Abstract Background In the face of rising demand for medical services due to ageing populations, physician migration flows are increasingly affecting the supply of physicians in Organisation for Economic Co-operation and development (OECD countries. This paper offers an integrated perspective on the impact of physician migration on home and host countries and discusses international regulation and policy approaches governing physician migration. Methods Information about migration flows, international regulation and policies governing physician migration were derived from two questionnaires sent to OECD countries, a secondary analysis of EUROSTAT Labour Force Surveys, a literature review and official policy documents of OECD countries. Results OECD countries increasingly perceive immigration of foreign physicians as a way of sustaining their physician workforce. As a result, countries have entered into international agreements regulating physician migration, although their success has been limited due to the imposition of licensing requirements and the protection of vested interests by domestic physicians. OECD countries have therefore adopted specific policies designed to stimulate the immigration of foreign physicians, whilst minimising its negative impact on the home country. Measures promoting immigration have included international recruitment campaigns, less strict immigration requirements and arrangements that foster shared learning between health care systems. Policies restricting the societal costs of physician emigration from developing countries such as good practice guidelines and taxes on host countries have not yet produced their expected effect or in some cases have not been established at all. Conclusions Although OECD countries generally favour long-term policies of national self-sufficiency to sustain their physician workforce, such policies usually co-exist with short-term or medium-term policies to attract foreign physicians

  10. The Emission Reduction Potential of Non-CO2 Greenhouse Gases in China and Its Policy Implications

    Institute of Scientific and Technical Information of China (English)

    Delin; HUANG; Songfeng; CAI; Zhen; WANG

    2013-01-01

    Using the improved Energy-Environmental Version of the GTAP Model (GTAP-E) and the sixth version of emission database of non-CO2 greenhouse gases, we simulate the emission reduction potential of non-CO2 greenhouse gases in China and its policy implications. The results show that at present, China is a country with the greatest emission of non-CO2 greenhouse gases in the world, and the emission will account for about 20% of the world’s total emission in 2020. The proportion of emission of non-CO2 greenhouse gases from the agricultural sector reaches 73%. In the next 10 years, the emission of non-CO2 gases from cattle and sheep, industry and service industry will experience the highest growth rate; the growth rate of emission from service industry will be higher than that of emission from industry, and the emission from service industry will exceed that from industry after 2010. China can implement emission reduction policy of non-CO2 greenhouse gases to ease the international pressure of CO2 emission reduction. Although the high carbon tax collected can reduce considerable non-CO2 emission, there is little difference in policy efficiency between high carbon tax and low carbon tax. So, in the implementation of emission reduction carbon tax policy of non-CO2 gases, it is necessary to control the carbon tax at a low level.

  11. Public policy and medical tourism: ethical implications for the Egyptian health care system.

    Science.gov (United States)

    Haley, Bob

    2011-01-01

    Egypt's medical tourism industry has been experiencing tremendous growth. However, Egypt continues to lack the necessary investment in its public health system to effectively care for its population. Current policy and the emergence of medical tourism have led to unequal health care access, resulting in high a prevalence of infectious diseases and lack of resources for its most vulnerable populations. As a new Egyptian government emerges, it is important for policymakers to understand the critical issues and ethical concerns of existing health policy. This understanding may be used to propose new policy that more effectively allocates to care for Egypt's population.

  12. Public policy and regulatory implications for the implementation of Opportunistic Cloud Computing Services for Enterprises

    DEFF Research Database (Denmark)

    Kuada, Eric; Olesen, Henning; Henten, Anders

    2012-01-01

    Opportunistic Cloud Computing Services (OCCS) is a social network approach to the provisioning and management of cloud computing services for enterprises. This paper discusses how public policy and regulations will impact on OCCS implementation. We rely on documented publicly available government...... and corporate policies on the adoption of cloud computing services and deduce the impact of these policies on their adoption of opportunistic cloud computing services. We conclude that there are regulatory challenges on data protection that raises issues for cloud computing adoption in general; and the lack...

  13. 银行异质性对货币政策信贷传导机制的影响研究%Bank of Heterogeneity of Credit Transmission Mechanism of Monetary Policy Impact Study

    Institute of Scientific and Technical Information of China (English)

    赵钊; 田淑珍; 刘思思

    2014-01-01

    The bank lending channel as one of the credit transmission mechanism of monetary policy, is mainly refers to the bank for its intermediary status influence the credit transmission mechanism.But due to the capital scale, loan structure, and the different governance structure, the credit transmission mechanism of monetary policy conduction efficiency of Banks is different, even the efficiency loss.This article is based on the bank of heterogeneity, the empirical analysis of the different types of Banks and the relationship between the monetary policy transmission efficiency, related Suggestions are put forward based on the conclusion.%银行借贷渠道作为货币政策信贷传导机制中的一种,有力的传导了中国货币政策的宏观调控作用。但是由于资本规模、贷款结构、以及治理结构的不同,各个银行的货币政策信贷传导机制传导效率也存在差异。本文正是基于银行异质性特征,利用中国2004-2013年的相关数据,实证分析了银行异质性特征与中国货币政策传导效率间的关系。实证结果表明,银行的异质性特征造成了货币政策传导效率的差异化,货币政策对不同特质的银行贷款供给能力的影响存在差异性,并且不同特质银行传导货币政策的效率有差别。最后,本文针对上述实证结果提出相关建议。

  14. 12 CFR 412.5 - Policy.

    Science.gov (United States)

    2010-01-01

    ... official or his/her designee (DAEO) must approve any offer and acceptance of payment under this part in... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Policy. 412.5 Section 412.5 Banks and Banking EXPORT-IMPORT BANK OF THE UNITED STATES ACCEPTANCE OF PAYMENT FROM A NON-FEDERAL SOURCE FOR...

  15. Paradigmatic obstacles to improving the health of populations: implications for health policy

    Directory of Open Access Journals (Sweden)

    McKinlay John B.

    1998-01-01

    Full Text Available While there are promising developments in public health, most interventions (both at the individual and community levels remain focused on "downstream" tertiary treatments or one-on-one interventions. These efforts have their origins in the biomedical paradigm and risk factor epidemiology and the behavioral science research methods that serve as their handmaidens. This paper argues for a more appropriate balance of "downstream" efforts with a more appropriate whole population public health approach to health policy -what may be termed a social policy approach to healthy lifestyles rather than the current lifestyle approach to health policy. New, more appropriate research methods must be developed and applied to match these emerging levels of whole population intervention. We must avoid any disjunction between new upstream policy level interventions and the methods used to measure their effect -appropriate unto the intervention level must be the evaluation method thereof.

  16. Staple Food Consumption Patterns in Urban Kenya: Trends and Policy Implications

    OpenAIRE

    Muyanga, Milu; Jayne, Thom S.; Argwings-Kodhek, Gem; Ariga, Joshua

    2005-01-01

    This study examines current consumption patterns of the main staple carbohydrate products in Nairobi -- maize, wheat, rice, and cooking bananas -- in an effort to update policy makers’ knowledge of current urban food consumption patterns. The study also identifies the factors driving changes in the amount and form of urban maize meal consumption, in order to better understand how food security policy should be designed to respond to the needs of low-income consumers. The study reveals how con...

  17. Modeling, Empirics and Policy Implications of Firm Heterogeneity in International Trade

    OpenAIRE

    Akgul, Zeynep

    2015-01-01

    Computable General Equilibrium (CGE) models are essential computational tools for trade policy analysis. While traditional CGE models based on the Armington assumption of national product differentiation have been successfully applied to various policy scenarios, they also have significant limitations in explaining the firm-level information prevalent in the recent international trade literature. The pioneering work of Melitz (2003) has provided a firm heterogeneity theory that can help addre...

  18. An Empirical Study of the Impact of Fiscal Policy on the Bank Credit Structure%财政政策对商业银行信贷结构影响的实证研究

    Institute of Scientific and Technical Information of China (English)

    邓志国; 吴建新

    2011-01-01

    The urgent concern problem of the post financial crisis era is to accelerate structural adjustment of economy. With its distribution function, fiscal policy constitutes an effective way for the structural adjustment. It can regulate and control the economic structure directly through taxes, investments and public expenditures, and indirectly through guiding social capital, particularly the bank credit capital. Focusing on the indirect regulation and control of fiscal policy on economic structure, this paper applies the relevant theories of fiscal policy, integrates systematic advantage of Input-output Technique and makes an empirical analysis of the guiding function of fiscal policy on bank credit delivery, aiming at enhancing its function in economic structural adjustment. In addition, this analysi8 can also aid the commercial banks to make their policies to keep consistent with the state macroeconomic regulation and control policy, and thus make timely and effective adjustments of credit delivery%加快结构调整已成为我国迫切需要解决的重要问题.财政政策在经济增长中具有再分配功能,对结构调整较为有效,不仅可以通过税收、投资和公共支出等对经济结构进行直接调控,而且可通过引导银行信贷资金对经济结构进行间接调控.结合财政政策理论,借用投入产出技术,从财政政策间接调控经济结构的角度,实证分析财政政策对银行信贷资金投放的引导作用,便于财政政策更好地发挥"结构调整"功能,并帮助商业银行保持和国家财政政策的一致性.

  19. Does bank competition influence the lending channel in the euro area?

    OpenAIRE

    Fungácová, Zuzana; Solanko, Laura; Weill, Laurent

    2013-01-01

    This paper examines how bank competition influences the bank lending channel in the Euro area countries. Using a large panel of banks from 12 euro area countries over the period 2002-2010 we analyze the reaction of loan supply to monetary policy actions depending on the degree of bank competition. We find that the effect of monetary policy on bank lending is dependent on bank competition: the transmission of monetary policy through the bank lending channel is less pronounced for banks with ex...

  20. 货币政策、市场约束与银行风险承担行为的实证分析%Empirical Study of Monetary Policy,Market Constraints and Bank Risk-taking

    Institute of Scientific and Technical Information of China (English)

    谭中; 粟芳

    2011-01-01

    This paper analyzes the relationship among monetary policy,market constraints and bank risk through panel data regression method.The empirical results are shown as follows: firstly,easy monetary policy can decrease banks' insolvency risk,and the short-term effect is more effective than the long-term effect;secondly,the idiosyncratic volatility of bank stock prices is significantly and negatively related to banks' insolvency risk,that is to say,the more effective the market constraints are,the more helpful they are in reducing banks' insolvency risk;thirdly,different monetary policies lead to different effects of market constraints on banks'' insolvency risk,namely tight monetary policy results in more significant effects of market constraints on Chinese commercial banks,but the effects on the insolvency risk of banks with different ownership do not widely differ.%本文采用面板数据回归方法分析货币政策、市场约束与银行风险之间的相关关系。实证研究发现:宽松的货币政策会降低银行的破产风险,且短期比长期更有效;另外,银行股价的异质化波动和银行的破产风险之间存在显著的负相关关系,即市场约束越有效,越有助于降低银行的破产风险;进一步发现,不同货币政策下,市场约束机制对银行破产风险的影响存在差异,即在从紧的货币政策下,市场约束机制对我国商业银行的影响变得更显著,但是其对不同所有权属性的银行破产风险的影响并没有显著差异。

  1. Indian Banking Industry: Challenges And Opportunities

    Directory of Open Access Journals (Sweden)

    Dr. Krishna A. Goyal

    2012-02-01

    Full Text Available The banking industry in India has a huge canvas of history, which covers the traditional bankingpractices from the time of Britishers to the reforms period, nationalization to privatization of banksand now increasing numbers of foreign banks in India. Therefore, Banking in India has beenthrough a long journey. Banking industry in India has also achieved a new height with thechanging times. The use of technology has brought a revolution in the working style of the banks.Nevertheless, the fundamental aspects of banking i.e. trust and the confidence of the people onthe institution remain the same. The majority of the banks are still successful in keeping with theconfidence of the shareholders as well as other stakeholders. However, with the changingdynamics of banking business brings new kind of risk exposure.In this paper an attempt has been made to identify the general sentiments, challenges andopportunities for the Indian Banking Industry. This article is divided in three parts. First partincludes the introduction and general scenario of Indian banking industry. The second partdiscusses the various challenges and opportunities faced by Indian banking industry. Third partconcludes that urgent emphasis is required on the Indian banking product and marketingstrategies in order to get sustainable competitive edge over the intense competition from nationaland global banks.This article is a small seed to existing branch of knowledge in banking industry and is useful forbankers, strategist, policy makers and researchers.

  2. An Innovation Systems Assessment of the Australian Biofuel Industry. Policy and Private Sector Implications

    Energy Technology Data Exchange (ETDEWEB)

    Nielsen, Jason D.

    2006-07-15

    A strong biofuel industry in Australia has the potential to provide numerous benefits to the nation and its peoples. The benefits include; reduced emissions of greenhouse gases and harmful particulate matter, a boost to rural development goals, enhanced fuel security and a lower balance of payments. For biofuels to be seriously considered as alternatives to traditional petroleum based automotive fuels they must be economically viable. The findings from a series of Australian Bureau of Agricultural and Resource Economics (ABARE) investigations suggest that ethanol and biodiesel production would be economically viable, in the Australian context, with oil prices in the range of 30-40 USD a barrel. Despite the price of oil being in or above this range for over two years a strong home grown biofuel industry has failed to develop in Australia. The purpose of this master's thesis therefore is to identify the critical issues facing biofuel industry development in Australian and to propose possible policy and private sector strategies for dealing with them. The analysis was done in the following three steps; the first was to map the development of the ethanol and biodiesel industries, the second was to analyse the performance of the industries overtime and the third was to identify the mechanisms which have either induced or blocked their growth. The strategies proposed by this thesis were derived from analysing the inducing and blocking mechanisms and the related issues. The innovation systems approach was chosen because of its ability to provide insights into key industry players, their network interactions and the institutional setup within which they work together to develop, diffuse and use their products. The data needed for the analysis stated above included information related to the development, diffusion and use of ethanol and biodiesel; that is, details about the industry actors and their activities, industry networks, product standards, excise arrangements

  3. State-holding share, policy burden and performance: A study on the program of strategic investor importing for state-owned banks%国有股权重、政策性负担与绩效——国有银行战略引资方案探析

    Institute of Scientific and Technical Information of China (English)

    云凌志; 曹雯

    2008-01-01

    结合当前国有银行战略引资的改革背景,构建银行业混合寡占、国有银行混合持股的古诺竞争均衡模型,研究发现战略引资后的均衡股权结构与国有银行所承担的政策性负担及私有银行数量密切相关;国有银行政策性负担与私有银行的经营绩效正相关,但从整体来看则损害了社会总福利.另外,政策性负担不影响市场可容纳的最大银行数量,但会影响达到这一数量时国有银行的股权结构.%We present a mixed oligopoly model for private banks and a public bank with mixed ownership and policy burden to research the program of strategic investor importing for state-owned banks. We find that close relationships exist among the equilibrium equity structure following strategic investor importing, the policy burden of state-owned banks and the number of private banks; that the policy burden of state-owned banks has positive relationships with the performance of private banks, with overall negative effect on social welfare; that the policy burden would not affect the maximum market capacity number of private banks but would affect the equity structure of state-owned banks with such a number.

  4. Technology transfer and other public policy implications of multi-national arrangements for the production of commercial airframes

    Science.gov (United States)

    Gellman, A. J.; Price, J. P.

    1978-01-01

    A study to examine the question of technology transfer through international arrangements for production of commercial transport aircraft is presented. The likelihood of such transfer under various representative conditions was determined and an understanding of the economic motivations for, effects of, joint venture arrangements was developed. Relevant public policy implications were also assessed. Multinational consortia with U.S. participation were focused upon because they generate the full range of pertinent public issues (including especially technology transfer), and also because of recognized trends toward such arrangements. An extensive search and analysis of existing literature to identify the key issues, and in-person interviews with executives of U.S. and European commercial airframe producers was reviewed. Distinctions were drawn among product-embodied, process, and management technologies in terms of their relative possibilities of transfer and the significance of such transfer. Also included are observations on related issues such as the implications of U.S. antitrust policy with respect to the formation of consortia and the competitive viability of the U.S. aircraft manufacturing industry.

  5. When renewable portfolio standards meet cap-and-trade regulations in the electricity sector: Market interactions, profits implications, and policy redundancy

    Energy Technology Data Exchange (ETDEWEB)

    Tsao, C.-C., E-mail: cctsao3@ucmerced.edu [School of engineering, University of California Merced, Merced, CA 95343 (United States); Sierra Nevada Research Institute, University of California Merced, Merced, CA 95343 (United States); Campbell, J.E., E-mail: ecampbell3@ucmerced.edu [School of engineering, University of California Merced, Merced, CA 95343 (United States); Sierra Nevada Research Institute, University of California Merced, Merced, CA 95343 (United States); Chen, Yihsu, E-mail: yihsu.chen@ucmerced.edu [School of engineering, University of California Merced, Merced, CA 95343 (United States); Sierra Nevada Research Institute, University of California Merced, Merced, CA 95343 (United States); School of social sciences, humanities, and art, University of California Merced, Merced, CA 95343 (United States)

    2011-07-15

    Emission trading programs (C and T) and renewable portfolio standards (RPS) are two common tools used by policymakers to control GHG emissions in the energy and other energy-intensive sectors. Little is known, however, as to the policy implications resulting from these concurrent regulations, especially given that their underlying policy goals and regulatory schemes are distinct. This paper applies both an analytical model and a computational model to examine the short-run implications of market interactions and policy redundancy. The analytical model is used to generate contestable hypotheses, while the numerical model is applied to consider more realistic market conditions. We have two central findings. First, lowering the CO{sub 2} C and T cap might penalize renewable units, and increasing the RPS level could sometimes benefit coal and oil and make natural gas units worse off. Second, making one policy more stringent would weaken the market incentive, which the other policy relies upon to attain its intended policy target. - Highlights: > Lowering the CO{sub 2} C and T cap might penalize renewable units, and increasing the RPS level could sometimes benefit coal and oil and make natural gas units worse off. > Making one policy more stringent would weaken the market incentive, which the other policy relies upon to attain its intended policy target. > The market-wise average emissions could increase when increasing RPS requirement.

  6. Policy Contexts of Social Work in Britain: the wider implications of 'New' Labour and the 'New Legal Regime'

    Directory of Open Access Journals (Sweden)

    2003-11-01

    Full Text Available Several commentators have expressed disappointment with New Labour's apparent adherence to the policy frameworks of the previous Conservative administrations. The employment orientation of its welfare programmes, the contradictory nature of the social exclusion initiatives, and the continuing obsession with public sector marketisation, inspections, audits, standards and so on, have all come under critical scrutiny (c.f., Blyth 2001; Jordan 2001; Orme 2001. This paper suggests that in order to understand the socio-economic and political contexts affecting social work we need to examine the relationship between New Labour's modernisation project and its insertion within an architecture of global governance. In particular, membership of the European Union (EU, International Monetary Fund (IMF and World Trade Organisation (WTO set the parameters for domestic policy in important ways. Whilst much has been written about the economic dimensions of 'globalisation' in relation to social work rather less has been noted about the ways in which domestic policy agenda are driven by multilateral governance objectives. This policy dimension is important in trying to respond to various changes affecting social work as a professional activity. What is possible, what is encouraged, how things might be done, is tightly bounded by the policy frameworks governing practice and affected by those governing the lives of service users. It is unhelpful to see policy formulation in purely national terms as the UK is inserted into a network governance structure, a regulatory framework where decisions are made by many countries and organisations and agencies. Together, they are producing a 'new legal regime', characterised by a marked neo-liberal policy agenda. This paper aims to demonstrate the relationship of New Labour's modernisation programme to these new forms of legality by examining two main policy areas and the welfare implications they are enmeshed in. The first is

  7. Asian-Pacific leadership: Implications for foreign economic policy of Japan and the US

    OpenAIRE

    Hiemenz, Ulrich

    1991-01-01

    In the 1980s, the Western Pacific hemisphere ranging from Japan and the PR China to Australia and New Zealand has remained the growth pole of the world economy. Real per capita incomes of East and Southeast Asian developing economies grew even faster in this decade than in the 1970s [World Bank, 1990: Table 1.3] despite major disturbances in their global environment such as the world-wide recession in the early 1980s, increasing protectionism in the EC and the US, large exchange rate fluctuat...

  8. Managing factoring in banking groups

    OpenAIRE

    2006-01-01

    On the market for factoring services independent suppliers coexhist with companies affiliated with banking groups. The last ones can be oriented in their decision processes by the policies of their parent company, usually a bank. They could also benefit from synergies among the different units of the group. The main benefits are linked to cost reduction, better skill-based resources allocation and a higher amount of financial coverage. If such interdependencies are found ...

  9. 基于产业异质性的银行贷款政策效应分析——来自上市银行的经验证据%Analysis of the Effects of Bank Loan Policy Based on Industrial Differences:Evidence from Listed Banks

    Institute of Scientific and Technical Information of China (English)

    张勇; 李亚玲

    2012-01-01

    在银行信贷资金配置存在产业间差异的假定下,建立引入产业因素的银行贷款决定模型,考察产业因素影响银行贷款渠道有效性的内在机制,并运用2007年到2010年14家上市银行和5组产业数据展开动态面板模型估计,结果表明:从贷款需求角度看,各个产业的产出对产业贷款的影响效应存在产业间差异;从贷款供给角度看,人民银行运用货币政策工具调控产业贷款的影响效应也存在产业间差异。也就是说,产业因素确实影响到人民银行调控各个特定产业贷款的力度。%Based on the data of 14 banks and 5 industries from 2007 to 2010,the paper is concerned with how the industry factors exert influence on the way the central bank regulates the industry loans by means of the bank lending.Under the assumption of industrial differences in bank credit funds allocation,the paper introduces a decision model of the bank lending concerning industry factors and includes a research on how the industry factors impact the bank lending.With the help of the analysis of the dynamic panel model,it is proved that from the perspective of loan demand,the impact the production of each industry exerts on the industry loan differs among different industries,and from the perspective of loan supply,the effect that the central bank regulates the industry loan through monetary policy also varies among various industries.Therefore,it shows that industry factors do affect the strength of the central bank's regulation for various industry loans.

  10. Monitoring Antimicrobial Resistance in the Food Supply Chain and Its Implications for FDA Policy Initiatives.

    Science.gov (United States)

    Zawack, Kelson; Li, Min; Booth, James G; Love, Will; Lanzas, Cristina; Gröhn, Yrjö T

    2016-09-01

    In response to concerning increases in antimicrobial resistance (AMR), the Food and Drug Administration (FDA) has decided to increase veterinary oversight requirements for antimicrobials and restrict their use in growth promotion. Given the high stakes of this policy for the food supply, economy, and human and veterinary health, it is important to rigorously assess the effects of this policy. We have undertaken a detailed analysis of data provided by the National Antimicrobial Resistance Monitoring System (NARMS). We examined the trends in both AMR proportion and MIC between 2004 and 2012 at slaughter and retail stages. We investigated the makeup of variation in these data and estimated the sample and effect size requirements necessary to distinguish an effect of the policy change. Finally, we applied our approach to take a detailed look at the 2005 withdrawal of approval for the fluoroquinolone enrofloxacin in poultry water. Slaughter and retail showed similar trends. Both AMR proportion and MIC were valuable in assessing AMR, capturing different information. Most variation was within years, not between years, and accounting for geographic location explained little additional variation. At current rates of data collection, a 1-fold change in MIC should be detectable in 5 years and a 6% decrease in percent resistance could be detected in 6 years following establishment of a new resistance rate. Analysis of the enrofloxacin policy change showed the complexities of the AMR policy with no statistically significant change in resistance of both Campylobacter jejuni and Campylobacter coli to ciprofloxacin, another second-generation fluoroquinolone.

  11. Meeting the Needs of the Growing Very Old Population: Policy Implications for a Global Challenge.

    Science.gov (United States)

    Pin, Stephanie; Spini, Dario

    2016-01-01

    Very old adults are one of the fastest-growing age groups worldwide. Yet they rarely constitute a targeted group for public policies. Drawing on the results of the centenarian studies presented in this special issue, we highlight major challenges that arise from the increase of this population. We outline several promising approaches for policy makers and professionals to develop evidence-based policies and programs that are tailored to the needs of very old adults and their families. We focus our discussion on three key topics essential to life care: the importance of integrated care to meet the complex care needs of the very old; the balance between formal and informal care; and the development of suitable places for living. Besides more specific measures, we propose that policies promoting the social integration of very old adults in their communities would be particularly helpful, as these may benefit not only the very old and their families but also individuals of all ages. We conclude that the development of suitable policies addressing the needs of the very old will benefit from future investigation of cross-cultural similarities and differences in centenarians' characteristics, available services, as well as life conditions they encounter in communities and institutional contexts.

  12. Limits of UK Counterterrorism Policy and its Implications for Islamophobia and Far Right Extremism

    Directory of Open Access Journals (Sweden)

    Tahir Abbas

    2015-10-01

    Full Text Available The UK Government has recently announced a new Counter-Terrorism and Security Act 2015 to facilitate tackling the threat of violent extremism. In light of this and previous initiatives, this paper provides a critical assessment of UK counterterrorism policy. This policy has created a notion of ‘suspect communities’ such that it has alienated young Muslims at the community engagement level, conceivably and empirically, potentially further exacerbating concerns government and communities have over questions of radicalisation, extremism, and the associated political and criminal violence. This paper argues that such policies can lead to the institutionalisation of Islamophobia, acting as an echo chamber for far right extremism to flourish. Significant gaps in government policy in this area can only be addressed by fostering effective relations between communities and policy makers, with enablers such as police officers, youth workers, activists and faith leaders empowered to formulate nuanced approaches in various local area settings. Given the social, cultural and political situation regarding British Muslim youth, including those presently thought to be fighting in parts of Iraq and Syria, as well as ongoing threats on UK soil presented as imminent and dangerous by UK government, there remain acute challenges with limited opportunities.

  13. Governing the Governors: A Clinical Study of Central Banks

    OpenAIRE

    Frisell, Lars; Roszbach, Kasper; Spagnolo, Giancarlo

    2008-01-01

    Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan market turmoil reminded us - central banks play a crucial role in financial markets not only in setting monetary policy, but also in ensuring their soundness and stability. In this paper we study the specific corporate governance structures of a number of central banks in light of their complex role of inflation guardians, bankers' banks, financial industry regulators/supervisors...

  14. Fertility trends and prospects in East and South-East Asian countries and implications for policies and programmes.

    Science.gov (United States)

    Leete, R

    1991-01-01

    Fertility trends and prospects for east and southeast Asian countries including cities in China, Taiwan, the Republic of Korea, Thailand, Indonesia, Malaysia, the Philippines, Myanmar, and Viet Nam are described. Additional discussion focuses on family planning methods, marriage patterns, fertility prospects, theories of fertility change, and policy implications for the labor supply, labor migrants, increased female participation in the labor force (LFP), human resource development, and social policy measures. Figures provide graphic descriptions of total fertility rates (TFRS) for 12 countries/areas for selected years between 1960-90, TFR for selected Chinese cities between 1955-90, the % of currently married women 15-44 years using contraception by main method for selected years and for 10 countries, actual and projected TFR and annual growth rates between 1990-2020 for Korea and Indonesia. It is noted that the 1st southeast Asian country to experience a revolution in reproductive behavior was Japan with below replacement level fertility by 1960. This was accomplished by massive postponement in age at marriage and rapid reduction in marital fertility. Fertility was controlled primarily through abortion. Thereafter every southeast Asian country experienced fertility declines. Hong Kong, Penang, Shanghai, Singapore, and Taipei and declining fertility before the major thrust of family planning (FP). Chinese fertility declines were reflected in the 1970s to the early 1980s and paralleled the longer, later, fewer campaign and policy which set ambitious targets which were strictly enforced at all levels of administration. Korea and Taiwan's declines were a result of individual decision making to restrict fertility which was encouraged by private and government programs to provide FP information and subsidized services. The context was social and economic change. Indonesia's almost replacement level fertility was achieved dramatically through the 1970s and 1980s by

  15. Positioning alcohol’s harm to others (AHTO within alcohol research: A reinvented perspective with mixed policy implications

    Directory of Open Access Journals (Sweden)

    Warpenius Katariina

    2016-12-01

    Full Text Available AIMS & DESIGN - This overview analyses the recent emergence of the concept of alcohol’s harm to others (AHTO and the potential policy implications embedded in this research perspective. The overview is an account of ways in which recent alcohol research has grasped the kind of harm that goes beyond the drinker. It positions the dimensions of alcohol’s harm to others as a research perspective in relation to other established research approaches to alcohol-related problems. FINDINGS - Several concepts presented within different disciplines have focused on how adverse consequences of drinking go beyond the individual drinker. However, the scientific discussion is still characterised by an obvious conceptual instability. Alongside the growing research interest in alcohol’s harm to others there is a political discourse stressing the urgency of alcohol policy measures protecting innocent victims against damage from others’ alcohol use. CONCLUSIONS - In drawing attention to the interactional nature of alcohol-related harm, the AHTO perspective brings a novel syntagmatic and cross-cutting aspect to established traditions in alcohol research and forms a unique scientific approach. The AHTO perspective has the potential for creating a political will to move the alcohol policy agenda forward, but the question of a suitable and credible term is unresolved. Conceptually, the AHTO perspective is still in a state of flux, while politically it is loaded with considerable ambitions and interests related to causal attributions and ethical conclusions embedded in the research perspective.

  16. Risk of water scarcity and water policy implications for crop production in the Ebro Basin in Spain

    Directory of Open Access Journals (Sweden)

    S. Quiroga

    2010-08-01

    Full Text Available The increasing pressure on water systems in the Mediterranean enhances existing water conflicts and threatens water supply for agriculture. In this context, one of the main priorities for agricultural research and public policy is the adaptation of crop yields to water pressures. This paper focuses on the evaluation of hydrological risk and water policy implications for food production. Our methodological approach includes four steps. For the first step, we estimate the impacts of rainfall and irrigation water on crop yields. However, this study is not limited to general crop production functions since it also considers the linkages between those economic and biophysical aspects which may have an important effect on crop productivity. We use statistical models of yield response to address how hydrological variables affect the yield of the main Mediterranean crops in the Ebro River Basin. In the second step, this study takes into consideration the effects of those interactions and analyzes gross value added sensitivity to crop production changes. We then use Montecarlo simulations to characterize crop yield risk to water variability. Finally we evaluate some policy scenarios with irrigated area adjustments that could cope in a context of increased water scarcity. A substantial decrease in irrigated land, of up to 30% of total, results in only moderate losses of crop productivity. The response is crop and region specific and may serve to prioritise adaptation strategies.

  17. Balancing regional industrial development: analysis on regional disparity of China's industrial emissions and policy implications

    DEFF Research Database (Denmark)

    Liang, Hanwei; Dong, Liang; Luo, Xiao;

    2016-01-01

    Efficient industrial emissions mitigation strategy is critical for China's national action on climate change and sustainable development, considering its rapid industrialization. Regional disparity brings difficulties and uncertainties to policy implementation in China. Therefore, an investigatio...... and an environmental inequity. Regional oriented mitigation strategies are required to balance regional disparity, so as to realize the industrial emission control policy under the “equity and efficiency” principle.......Efficient industrial emissions mitigation strategy is critical for China's national action on climate change and sustainable development, considering its rapid industrialization. Regional disparity brings difficulties and uncertainties to policy implementation in China. Therefore, an investigation...... on the regional features of industrial emissions is critical to better decision makings. While to date, related studies have been rather few. This paper applies a spatial analysis on regional features of China's industrial emissions (SO2, NOx and PM2.5 and CO2 emission) in 31 provinces. Spatial autocorrelation...

  18. Ethics and computer-mediated communication: implications for practice and policy.

    Science.gov (United States)

    Torrance, Rebecca J; Lasome, Caterina E M; Agazio, Janice B

    2002-06-01

    Computer-mediated communication, or email, has become a common workplace practice. Interviews with Army nurse managers (n = 9) and their staff nurses (n = 13) revealed that nurses incorporate the ethical principles of autonomy, beneficence, nonmaleficence, and justice into their computer-mediated communication use, but to varying degrees. Without clearly defined policies to guide computer-mediated communication practices, informal norms evolve that have an impact on both individual and corporate communication. The authors provide insight into the ethical considerations that have an impact on computer-mediated communication use. The spectrum of participant interpretation of appropriate use of this type of communication suggests the need for policies to establish clear boundaries for workplace usage. Policy recommendations are included.

  19. Developing a Multicomponent Model of Nutritious Food Access and Related Implications for Community and Policy Practice

    Science.gov (United States)

    FREEDMAN, DARCY A.; BLAKE, CHRISTINE E.; LIESE, ANGELA D.

    2014-01-01

    Access to nutritious foods is limited in disenfranchised communities in the United States. Policies are beginning to focus on improving nutritious food access in these contexts; yet, few theories are available to guide this work. We developed a conceptual model of nutritious food access based on the qualitative responses of food consumers in 2 different regions of the American South. Five domains (economic, service delivery, spatial–temporal, social, and personal) and related dimensions of nutritious food access were identified. The conceptual model provides practical guidance to researchers, policy makers, and practitioners working to improve nutritious food access in communities. PMID:24563605

  20. Developing a Multicomponent Model of Nutritious Food Access and Related Implications for Community and Policy Practice.

    Science.gov (United States)

    Freedman, Darcy A; Blake, Christine E; Liese, Angela D

    2013-01-01

    Access to nutritious foods is limited in disenfranchised communities in the United States. Policies are beginning to focus on improving nutritious food access in these contexts; yet, few theories are available to guide this work. We developed a conceptual model of nutritious food access based on the qualitative responses of food consumers in 2 different regions of the American South. Five domains (economic, service delivery, spatial-temporal, social, and personal) and related dimensions of nutritious food access were identified. The conceptual model provides practical guidance to researchers, policy makers, and practitioners working to improve nutritious food access in communities.

  1. 12 CFR 614.4110 - Transfer of direct lending authority to Federal land bank associations and agricultural credit...

    Science.gov (United States)

    2010-01-01

    ... Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM LOAN POLICIES AND OPERATIONS Bank/Association... agricultural real estate mortgage loans by a Farm Credit Bank or agricultural credit bank to a Federal land... estate loans by a Farm Credit Bank or agricultural credit bank to an agricultural credit...

  2. Test of the Bank Lending Channel: The Case of Poland

    Directory of Open Access Journals (Sweden)

    Yu HSING

    2013-11-01

    Full Text Available This paper tests the bank lending channel for Poland based on a simultaneousequation model consisting of demand for and supply of bank loans. The three-stage least squares method is employed in empirical work. This paper finds support for a bank lending channel for Poland. Expansionary monetary policy through a lower money market rate or open market purchase of government bonds to increase bank reserves/deposits would increase bank loan supply.

  3. Neurobiological Processes of Risk and Resilience in Adolescence: Implications for Policy and Prevention Science

    Science.gov (United States)

    Busso, Daniel S.

    2014-01-01

    This article focuses on the concepts of risk and resilience and their potential to inform clinical interventions, school-based prevention programs, and social policies. Research suggests that childhood adversity can trigger a cascade of psychological and neurobiological events that can lead to mental disorders in later life. Yet little is known…

  4. Assumptions behind Singapore's Language-in-Education Policy: Implications for Language Planning and Second Language Acquisition

    Science.gov (United States)

    Dixon, L. Quentin

    2009-01-01

    Singapore's officially bilingual education policy, in which the majority of children are schooled through a non-native medium with their "Mother Tongue" (an ethnic heritage language that is not necessarily spoken in the home) as a single school subject only, has resulted in dramatic language shifts in the population and high academic…

  5. No ESL in English Schools: Language Policy in Quebec and Implications for TESL Teacher Education

    Science.gov (United States)

    Winer, Lise

    2007-01-01

    In this article, various aspects of official language policy in Quebec are seen as interacting with contested and contesting ideologies, as experienced by novice teachers in teaching English as a second or other language within the majority French school system. The context of TESL training in Quebec is described, focusing on legislative policy…

  6. Exploring the characteristics of innovation alliances of Dutch Biotechnology SMEs and their policy implications

    NARCIS (Netherlands)

    Garbade, P.J.P.; Omta, S.W.F.; Fortuin, F.T.J.M.

    2013-01-01

    Policy makers are becoming increasingly aware of the fact that R&D intensive SMEs play a pivotal role in providing sustainable economic growth by maintaining a high rate of innovation. To compensate for their financial vulnerability, these SMEs increasingly conduct innovation in alliances. This

  7. Inclusive Education for Students with Disabilities in Nigeria: Benefits, Challenges and Policy Implications

    Science.gov (United States)

    Ajuwon, Paul M.

    2008-01-01

    This article analyzes the philosophical, sociological, and legal imperatives of including students with disabilities in ordinary schools. Some important global events that support inclusive education are discussed. The author reflects on Nigeria's newly revised National Policy on Education with its emphasis on inclusive education (2008), and the…

  8. Economic Perspectives on Investments in Teacher Quality: Lessons Learned and Implications for Policy.

    Science.gov (United States)

    Plecki, Margaret L.

    This article reviews the contributions and limitations of economic analyses of resource allocation policies aimed at improving teacher quality. Two analytic frameworks taken from the study of the economics of education are employed: productivity theory and human capital theory. The article first summarizes results of various economic analyses of…

  9. Written Feedback, Student Writing, and Institutional Policies: Implications for Novice Teacher Development

    Science.gov (United States)

    Feuerherm, Emily

    2012-01-01

    This study analyzes the methods that teachers employ in written feedback to student writing and how the policies of the program and the teachers' embodied histories influence the strategies used. Data were gathered from 2 novice teachers as they taught their first graduate-level ESL writing course and consist of the teachers' feedback in addition…

  10. A Multi-Level Policy Research Paradigm: Implications for Rural and Regional Development.

    Science.gov (United States)

    Eberts, Paul R.; Sismondo, Sergio

    Effective research on issues of rural development is increasingly important in a time when inequalities among people in rural areas is widening. Criteria of time-cost effectiveness, policy effectiveness for rural development, and contribution to sociology must be balanced by rural social scientists in their research design decisions. When five…

  11. Creating Inclusive Space for Aboriginal Scholars and Scholarship in the Academy: Implications for Employment Equity Policy

    Science.gov (United States)

    Roland, Karen A.

    2011-01-01

    Many Canadian universities report an under-representation of Aboriginal scholars in their professoriate. Employment equity policy seeks to redress the under-representation of marginalized groups in the Canadian workforce, including Aboriginal peoples. This article presents the findings of a case study which sought to examine, from the perspective…

  12. English in the Primary Classroom in Vietnam: Students' Lived Experiences and Their Social and Policy Implications

    Science.gov (United States)

    Nguyen, Lan Chi; Hamid, M. Obaidul; Renshaw, Peter

    2016-01-01

    Although the teaching of English as a foreign language in primary schools has emerged as one of the major language-in-education policy decisions, students' perspectives on primary English have received very little research attention. Drawing on data from a larger study, this paper depicts primary school students' lived experiences in the English…

  13. Population scenarios and policy implications for South Mediterranean countries, 2010-2050

    NARCIS (Netherlands)

    Groenewold, W.G.F.; de Beer, J.A.A.

    2013-01-01

    Four population scenarios were derived describing changes in indicators of demographic behaviour should people come to live in different future political-economic contexts. Focus of this policy brief is on expected trends in (1) population growth at regional and national levels, (2) working age popu

  14. Monitoring and Evaluation of Substance Abuse Services in South Africa: Implications for Policy and Practice

    Science.gov (United States)

    Myers, Bronwyn; Burnhams, Nadine Harker; Fakier, Nuraan

    2010-01-01

    Although outcomes monitoring and the collection of other performance data holds benefits for service managers and policy makers, the extent to which these data are collected by South African substance abuse service providers is unknown. To describe (i) the extent to which substance abuse service providers in South Africa monitor and evaluate their…

  15. Annual Research Review: Resilience and Child Well-Being--Public Policy Implications

    Science.gov (United States)

    Ager, Alastair

    2013-01-01

    Background: There has been an 8-fold increase in use of the term resilience within scientific and scholar literature over the last twenty years. The arena of public policy has also seen increasing use made of the concept, both with respect to child well-being and development and wider issues. Method: A focal sample of literature comprising 108…

  16. Managing and Mobilising Talent in Malaysia: Issues, Challenges and Policy Implications for Malaysian Universities

    Science.gov (United States)

    Azman, Norzaini; Sirat, Morshidi; Pang, Vincent

    2016-01-01

    The future of Malaysia as a high-income and competitive nation largely depends on its pool of highly skilled human capital. Hence, the issue of human capital development has taken centre stage in numerous reform agendas of Malaysia. This paper seeks to provide examples of policy initiatives aimed at facilitating the management of highly educated…

  17. Agricultural transformations, livelihoods and rural-city connections. Policy implications for regional development

    NARCIS (Netherlands)

    Steel, G.; van Lindert, P.H.C.M.; Fold, Niels; Mynborg, Tobias

    2016-01-01

    This report analyses agricultural transformations, livelihoods and rural-city connections in Sub-Saharan Africa with the aim to identify key policy areas for regional development. The report draws on the results from comparative empirical studies in various dynamic rural regions characterized by sma

  18. Homeland Security: Implications for Information Policy and Practice--First Appraisal.

    Science.gov (United States)

    Feinberg, Lotte E.

    2002-01-01

    Discusses information policy in the wake of the September 11 terrorist attacks. Topics include access to government records, including Freedom of Information Act issues; removing or expanding information on government Web sites; state actions; coordination versus secrecy in homeland security; and patterns and trends in federal and state…

  19. Obesity as a Socially Defined Disease: Philosophical Considerations and Implications for Policy and Care.

    Science.gov (United States)

    Hofmann, Bjørn

    2016-03-01

    Obesity has generated significant worries amongst health policy makers and has obtained increased attention in health care. Obesity is unanimously defined as a disease in the health care and health policy literature. However, there are pragmatic and not principled reasons for this. This warrants an analysis of obesity according to standard conceptions of disease in the literature of philosophy of medicine. According to theories and definitions of disease referring to (abnormal functioning of) internal processes, obesity is not a disease. Obesity undoubtedly can result in disease, making it a risk factor for disease, but not a disease per se. According to several social conceptions of disease, however, obesity clearly is a disease. Obesity can conflict with aesthetic, moral, or other social norms. Making obesity a "social disease" may very well be a wise health policy, assuring and improving population health, especially if we address the social determinants of obesity, such as the food supply and marketing system. However, applying biomedical solutions to social problems may also have severe side effects. It can result in medicalization and enhance stigmatization and discrimination of persons based on appearance or behavior. Approaching social problems with biomedical means may also serve commercial and professionals' interests more than the health and welfare of individuals; it may make quick fix medical solutions halt more sustainable structural solutions. This urges health insurers, health care professionals, and health policy makers to be cautious. Especially if we want to help and respect persons that we classify and treat as obese.

  20. Unravelling the concept of consumer preference: implications for health policy and optimal planning in primary care.

    Science.gov (United States)

    Foster, Michele M; Earl, Peter E; Haines, Terry P; Mitchell, Geoffrey K

    2010-10-01

    Accounting for consumer preference in health policy and delivery system design makes good economic sense since this is linked to outcomes, quality of care and cost control. Probability trade-off methods are commonly used in policy evaluation, marketing and economics. Increasingly applied to health matters, the trade-off preference model has indicated that consumers of health care discriminate between different attributes of care. However, the complexities of the health decision-making environment raise questions about the inherent assumptions concerning choice and decision-making behavior which frame this view of consumer preference. In this article, we use the example of primary care in Australia as a vehicle to examine the concept of 'consumer preference' from different perspectives within economics and discuss the significance of how we model preferences for health policy makers. In doing so, we question whether mainstream thinking, namely that consumers are capable of deliberating between rival strategies and are willing to make trade-offs, is a reliable way of thinking about preferences given the complexities of the health decision-making environment. Alternative perspectives on preference can assist health policy makers and health providers by generating more precise information about the important attributes of care that are likely to enhance consumer engagement and optimise acceptability of health care.

  1. Valuation of Drug Abuse: A Review of Current Methodologies and Implications for Policy Making

    Science.gov (United States)

    Schori, Maayan

    2011-01-01

    This article reviews the use of several valuation methods as they relate to drug abuse and places them within the context of U.S. policy. First, cost-of-illness (COI) studies are reviewed and their limitations discussed. Second, three additional economic methods of valuing drug abuse are reviewed, including cost-effectiveness analysis (CEA),…

  2. POLICY ADVOCACY IN SCIENCE: PREVALENCE, PERSPECTIVES, AND IMPLICATIONS FOR CONSERVATION BIOLOGISTS

    Science.gov (United States)

    Much debate and discussion has focused on the relationship between science and advocacy, and the role of scientists in influencing public policy. Some argue that advocacy is widespread within scientific literature, however, data to evaluate that contention are lacking. We examine...

  3. Flexible information infrastructures in Dutch e-government collaboration arrangements: experiences and policy implication

    NARCIS (Netherlands)

    V.J.J.M. Bekkers (Victor)

    2009-01-01

    textabstractHow can the flexibility of an information architecture in e-government chains - defined as a set of multi-rational agreements - be achieved, if one acknowledges the fact that the use of ICT may automate the status quo between organizations which work together in a policy chain? Research

  4. Learners in the English Learning and Skills Sector: The Implications of Half-Right Policy Assumptions

    Science.gov (United States)

    Hodgson, Ann; Steer, Richard; Spours, Ken; Edward, Sheila; Coffield, Frank; Finlay, Ian; Gregson, Maggie

    2007-01-01

    The English Learning and Skills Sector (LSS) contains a highly diverse range of learners and covers all aspects of post-16 learning with the exception of higher education. In the research on which this paper is based we are concerned with the effects of policy on three types of learners--unemployed adults attempting to improve their basic skills…

  5. The Politics of Public Accountability: Implications for Centralized Music Education Policy Development and Implementation

    Science.gov (United States)

    Horsley, Stephanie

    2009-01-01

    This article addresses accountability issues that affect music education policy and implementation in the neoliberal education system. Using examples from education reform in Ontario, Canada, the author argues that two forms of accountability imbalances fostered by the neoliberal state--hierarchical answerability over communicative reason and…

  6. Health financing for universal coverage and health system performance: concepts and implications for policy.

    Science.gov (United States)

    Kutzin, Joseph

    2013-08-01

    Unless the concept is clearly understood, "universal coverage" (or universal health coverage, UHC) can be used to justify practically any health financing reform or scheme. This paper unpacks the definition of health financing for universal coverage as used in the World Health Organization's World health report 2010 to show how UHC embodies specific health system goals and intermediate objectives and, broadly, how health financing reforms can influence these. All countries seek to improve equity in the use of health services, service quality and financial protection for their populations. Hence, the pursuit of UHC is relevant to every country. Health financing policy is an integral part of efforts to move towards UHC, but for health financing policy to be aligned with the pursuit of UHC, health system reforms need to be aimed explicitly at improving coverage and the intermediate objectives linked to it, namely, efficiency, equity in health resource distribution and transparency and accountability. The unit of analysis for goals and objectives must be the population and health system as a whole. What matters is not how a particular financing scheme affects its individual members, but rather, how it influences progress towards UHC at the population level. Concern only with specific schemes is incompatible with a universal coverage approach and may even undermine UHC, particularly in terms of equity. Conversely, if a scheme is fully oriented towards system-level goals and objectives, it can further progress towards UHC. Policy and policy analysis need to shift from the scheme to the system level.

  7. International Transmission of Shocks and Fragility of a Bank Network

    CERN Document Server

    Feng, Xiaobing; Kim, Beom Jun

    2014-01-01

    The weighted and directed network of countries based on the number of overseas banks is analyzed in terms of its fragility to the banking crisis of one country. We use two different models to describe transmission of shocks, one local and the other global. Depending on the original source of the crisis, the overall size of crisis impacts is found to differ country by country. For the two-step local spreading model, it is revealed that the scale of the first impact is determined by the out-strength, the total number of overseas branches of the country at the origin of the crisis, while the second impact becomes more serious if the in-strength at the origin is increased. For the global spreading model, some countries named "triggers" are found to play important roles in shock transmission, and the importance of the feed-forward-loop mechanism is pointed out. We also discuss practical policy implications of the present work.

  8. 12 CFR 900.2 - Terms relating to Bank operations, mission and supervision.

    Science.gov (United States)

    2010-01-01

    ..., section or paragraph: Acquired member assets or AMA means those assets that may be acquired by a Bank... means the Financial Management Policy For The Federal Home Loan Bank System approved by the Finance... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Terms relating to Bank operations, mission...

  9. Evaluating National Environmental Sustainability: Performance Measures and Influential Factors for OECD-Member Countries featuring Canadian Performance and Policy Implications

    Science.gov (United States)

    Calbick, Kenneth S.

    This research reviews five studies that evaluate national environmental sustainability with composite indices; performs uncertainty and sensitivity analyses of techniques for building a composite index; completes principal components factor analysis to help build subindices measuring waste and pollution, sustainable energy, sustainable food, nature conservation, and sustainable cities (Due to its current importance, the greenhouse gases (GHG) indicator is included individually as another policy measure.); analyses factors that seem to influence performance: climate, population growth, population density, economic output, technological development, industrial structure, energy prices, environmental governance, pollution abatement and control expenditures, and environmental pricing; and explores Canadian policy implications of the results. The techniques to build composite indices include performance indicator selection, missing data treatment, normalisation technique, scale-effect adjustments, weights, and aggregation method. Scale-effect adjustments and normalisation method are significant sources of uncertainty inducing 68% of the observed variation in a country's final rank at the 95% level of confidence. Choice of indicators also introduces substantial variation as well. To compensate for this variation, the current study recommends that a composite index should always be analysed with other policy subindices and individual indicators. Moreover, the connection between population and consumption indicates that per capita scale-effect adjustments should be used for certain indicators. Rather than ranking normalisation, studies should use a method that retains information from the raw indicator values. Multiple regression and cluster analyses indicate economic output, environmental governance, and energy prices are major influential factors, with energy prices the most important. It is statistically significant for five out of seven performance measures at the 95

  10. The Implications of Differences between Employer and Worker Employment/Earnings Reports for Policy Evaluation

    Science.gov (United States)

    Wallace, Geoffrey L.; Haveman, Robert

    2007-01-01

    Differences in administrative (UI) and survey (S) records on employment and earnings have substantial implications for assessing the impact of a variety of public interventions, such as welfare-to-work and employment training programs, and especially the state-oriented welfare reform legislation of 1996. We use data from the 1998 and 1999 waves of…

  11. Energy sector water use implications of a 2°C climate policy

    NARCIS (Netherlands)

    Fricko, Oliver; Parkinson, Simon C.; Johnson, Nils; Strubegger, Manfred; Vliet, van Michelle; Riahi, Keywan

    2016-01-01

    Quantifying water implications of energy transitions is important for assessing long-term freshwater sustainability since large volumes of water are currently used throughout the energy sector. In this paper, we assess direct global energy sector water use and thermal water pollution across a bro

  12. BEIR-III report and its implications for radiation protection and public health policy

    Energy Technology Data Exchange (ETDEWEB)

    Fabrikant, J.I.

    1980-03-01

    A general background is given of the implications the BEIR-III Report may have on societal decision-making in the regulation of activities concerned with the health effects of low-level radiation. The scientific basis for establishing appropriate radiation protection guides are discussed. (ACR)

  13. Carbon mitigation with biomass: An engineering, economic and policy assessment of opportunities and implications

    Science.gov (United States)

    Rhodes, James S., III

    2007-12-01

    Industrial bio-energy systems provide diverse opportunities for abating anthropogenic greenhouse gas ("GHG") emissions and for advancing other important policy objectives. The confluence of potential contributions to important social, economic, and environmental policy objectives with very real challenges to deployment creates rich opportunities for study. In particular, the analyses developed in this thesis aim to increase understanding of how industrial bio-energy may be applied to abate GHG emissions in prospective energy markets, the relative merits of alternate bio-energy systems, the extent to which public support for developing such systems is justified, and the public policy instruments that may be capable of providing such support. This objective is advanced through analysis of specific industrial bio-energy technologies, in the form of bottom-up engineering-economic analyses, to determine their economic performance relative to other mitigation options. These bottom-up analyses are used to inform parameter definitions in two higher-level stochastic models that explicitly account for uncertainty in key model parameters, including capital costs, operating and maintenance costs, and fuel costs. One of these models is used to develop supply curves for electricity generation and carbon mitigation from biomass-coal cofire in the U.S. The other is used to characterize the performance of multiple bio-energy systems in the context of a competitive market for low-carbon energy products. The results indicate that industrial bio-energy systems are capable of making a variety of potentially important contributions under scenarios that value anthropogenic GHG emissions. In the near term, cofire of available biomass in existing coal fired power plants has the potential to provide substantial emissions reductions at reasonable costs. Carbon prices between 30 and 70 per ton carbon could induce reductions in U.S. carbon emissions by 100 to 225 megatons carbon ("Mt

  14. Uncertainty in silicate mineral weathering rate estimates: source partitioning and policy implications

    Science.gov (United States)

    Futter, M. N.; Klaminder, J.; Lucas, R. W.; Laudon, H.; Köhler, S. J.

    2012-06-01

    Precise and accurate estimates of silicate mineral weathering rates are crucial when setting policy targets for long-term forest sustainability, critical load calculations and assessing consequences of proposed geo-engineering solutions to climate change. In this paper, we scrutinize 394 individual silicate mineral weathering estimates from 82 sites on three continents. We show that within-site differences of several hundred per cent arise when different methods are used to estimate weathering rates, mainly as a result of uncertainties related to input data rather than conceptually different views of the weathering process. While different methods tend to rank sites congruently from high to low weathering rates, large within-site differences in estimated weathering rate suggest that policies relying on quantitative estimates based upon a single method may have undesirable outcomes. We recommend the use of at least three independent estimates when making management decisions related to silicate mineral weathering rates.

  15. Student's Work: Social Capital in the Czech Republic and Public Policy Implications

    Directory of Open Access Journals (Sweden)

    Michal Vodrážka

    2009-06-01

    Full Text Available Social capital in Eastern Europe has received a fair amount of scholarly attention in recent years, including in the Czech Republic. This paper examines the stock of macro-level social capital in the Czech Republic in comparative European perspective. The notions of “missing” social capital and corruption as negative social capital are explored. The corruption situation in the Czech Republic and the progress in curbing it that was made in the last decade are evaluated. Regressions run with data from the World Value Survey and the Corruption Perception Index show that economic growth does not translate into correspondingly lower levels of corruption in the Czech case. State bureaucracy is identified as a possible reason for the failure to curb corruption successfully. Public policy recommendations and their usefulness for the Czech Republic are debated and a civil service reform is proposed as the most appropriate policy for addressing the situation.

  16. Social impacts of civil aviation and implications for R and D policy

    Science.gov (United States)

    Mayo, L. H.

    1971-01-01

    An attempt was made to identify social impacts, both beneficial and detrimental, which would or could flow from the introduction of advanced civil aviation systems. A broad range of social impact areas was investigated which included economic, environmental, political, sociological, psychological, legal, and urban/regional developmental factors. Data are arranged into two major parts. In the first part, a series of Major Policy Issues are identified and discussed which appear, on the basis of the social impact study, to merit serious consideration. The discussion of each "Issue' is presented both to explain its relevance and to raise considerations which will bear on its satisfactory resolution. The second part views the same overall body of information in a different manner: a series of "Findings' are pointed out from which more concrete guidance for R and D policy can be derived, and a set of "Candidate Basic Federal Undertakings' thus derived are presented.

  17. Why public opinion changes: the implications for health and health policy.

    Science.gov (United States)

    Jacobs, Lawrence R; Mettler, Suzanne

    2011-12-01

    Research on stasis or change in public opinion toward health, health policy, and medical care tends to focus on short-term dynamics and to emphasize the impact of discrete messages communicated by individual speakers in particular situations. This focus on what we term "situational framing," though valuable in some respects, is poorly equipped to assess changes that may occur over the longer term. We focus, instead, on "structural framing" to understand how institutionalized public health and health care policies impact public opinion and behavior over time. Understanding the dynamics of public opinion over time is especially helpful in tracking the political effects of the Patient Protection and Affordable Care Act of 2010 as it moves from the debate over its passage to its implementation and operation.

  18. STRATEGIES FOR ACTION AND PUBLIC POLICY IMPLICATIONS OF THE THIRD DEGREE COOPERATIVES IN ARGENTINA

    Directory of Open Access Journals (Sweden)

    María Cristina Acosta

    2011-01-01

    Full Text Available This paper researches the impact of the Argentine cooperative entities representing the contemporary public policy. We present a case study of the two largest third-degree cooperatives in the country, discuss the goals and strategies in interactions with State agencies. The results of the actions of actors define goals and strategies that can be convergent and / or divergent. We conclude that the links have been built with the State federations selected characteristics of complementarily and cooperation in general. Also, the power to influence the organizations surveyed in the definition of public policies is not only equity, but mainly the political opportunities and the ability to inter-stakeholder alliances through collective strategies.

  19. ECONOMIC THOUGHT ABOUT PRIVATE SECTOR EDUCATION: POLICY IMPLICATIONS FOR MANAGEMENT OF UNIVERSITIES IN AFRICA

    Directory of Open Access Journals (Sweden)

    A. O. AYENI

    2006-04-01

    Full Text Available This study provides relevant economic ideas that can assist Nigeria and other Africancountries in making innovative policies at privatizing university education. A review of the education market scene on the continent provides an imperfect market with adverse consequences occasioned by inadequate information and unbridled competition.Advocating a joint role for sharing the costs and benefits of university education between government and private sectors, the study suggests a four-policy option for adoption by Nigeria and other African countries. These are, in ascending order of importance: regulated private, subsidized private, competitive private, and complementary private systems of iversity educationUsing the Backcock University in Nigeria as an example, this paper demonstrates thepositive managerial influence of a competitive and complementary system of private university. Nevertheless, to forestall market failure, this study rounds off by pointing out the reformatory, regulatory and redemptive roles of government in the management ofprivate universities in Nigeria and other African countries.

  20. Malaria healthcare policy change in Kenya: Implications on sales and marketing of antimalarials

    Directory of Open Access Journals (Sweden)

    Peter K. Ngure , Lorraine Nyaoke & David Minja

    2012-03-01

    Full Text Available Background & objectives: Malaria healthcare policy change in Kenya aimed at improving the control of malariabut faced a number of challenges in implementation related to marketing of the drugs. This research investigatedthe effect of the change of the national malaria policy on drug sales and strategic marketing responses ofantimalarial pharmaceutical companies in Kenya.Study design: A descriptive cross-sectional design was employed to describe the existing state of antimalarialsmarket in Kenya after the change of the malaria healthcare policy.Results & conclusion: Policy change did result in an increase in the sales of Coartem®. Novartis Pharma recordeda 97% growth in sales of Coartem® between 2003 and 2004. However, this increase was not experienced by allthe companies. Further, SPs (which had been replaced as first-line therapy for malaria registered good sales. Inmost cases, these sales were higher than the sales of Coartem®. Generally, the sales contribution of SPs andgeneric antimalarial medicines exceeded that of Coartem® for most distributors. The most common changemade to marketing strategies by distributors (62.5% was to increase imports of antimalarials. A total of 40% ofthe manufacturers preferred to increase their budgetary allocation for marketing activities. In view of the factthat continued sale of SP drugs and limited availability of AL poses the risk of increasing the incidence ofmalaria in Kenya, it is therefore, recommended that pharmacy surveillance systems be strengthened to ensuredrugs that have been rendered non-viable or that prescription-only medicines are not sold contrary to the nationalguidelines.

  1. The Growth of China and India: Implications and Policy Reform Options for Malaysia

    OpenAIRE

    Ianchovichina, Elena; Ivanic, Maros; Martin, Will

    2010-01-01

    This study explores the trade-related impacts of rapid growth of China and India on the Malaysian economy and evaluates policy options to better position Malaysia to take advantage of these changes. Higher growth in China and India is likely to raise Malaysia's national income and to expand Malaysia's natural resource and agricultural exports, while putting downward pressure on exports from some manufacturing and service sectors. Increases in the quality and variety of exports from China and ...

  2. Expansion of gambling in Canada: implications for health and social policy

    OpenAIRE

    2000-01-01

    Canada experienced a dramatic increase in legalized gambling in the 1990s, primarily because of governments' need to increase revenue without additional taxation. This article examines gambling from a public health perspective. The major public health issues include gambling addiction, family dysfunction and gambling by youth. Debates have emerged about the health, social and economic costs and benefits of gambling. Stakeholder and social policy groups have expressed concern about the impact ...

  3. Growing Interdependence in Europe: Implications for U.S. Foreign Policy

    Science.gov (United States)

    1993-04-19

    descriptive poles within which the U.S. has oscillated. These are internationalism and isolationism . Over the past 45 years, the U.S. has moved...Domestic issues Isolationism Figure 1 A close and objective review of U.S. actions over the Cold War period will indicate that the U.S. has indeed...factors include political initiatives to encourage the spread of democracy, economic policy that reduces protectionism , and military strength that

  4. COMMENTARY: GLOBALIZATION, HEALTH SECTOR REFORM, AND THE HUMAN RIGHT TO HEALTH: IMPLICATIONS FOR FUTURE HEALTH POLICY.

    Science.gov (United States)

    Schuftan, Claudio

    2015-01-01

    The author here distills his long-time personal experience with the deleterious effects of globalization on health and on the health sector reforms embarked on in many of the more than 50 countries where he has worked in the last 25 years. He highlights the role that the "human right to health" framework can and should play in countering globalization's negative effects on health and in shaping future health policy. This is a testimonial article.

  5. U.S.-Vietnam Relations in 2011: Current Issues and Implications for U.S. Policy

    Science.gov (United States)

    2012-05-18

    a policy of neutrality on the claims by the parties, which also include Brunei, Indonesia, Malaysia , the Philippines, and Taiwan. Throughout 2009...territorial disputes. Roughly one and a half times the size of the Mediterranean Sea, it is ringed by China, Vietnam, Malaysia , Indonesia, Brunei...government to monitor data processed by these companies and/or more susceptible to government pressure on issues such as censorship .36 Many of the

  6. Discussion: Water Scarcity–Future Uses and Implications for Policy

    OpenAIRE

    Willis, David B.

    2011-01-01

    The three articles presented at this invited session examine the evolution of water policy planning and the implementation of regulatory tools to achieve water conservation objectives. Two articles focus on Texas water issues and the third focuses on the Georgia planning experience. Each article clearly illustrates the value of sharing advances in hydrologic and economic modeling with local community stakeholder groups to facilitate the credible development of regional water management plans....

  7. Managing the Nuclear Fuel Cycle: Policy Implications of Expanding Global Access to Nuclear Power

    Science.gov (United States)

    2007-11-01

    Energy Policy, in the Resources, Science, and Industry Division, Congressional Research Service. 8 International Energy Agency, World Energy Outlook 2006...gastrade.html]. 11 World Energy Outlook , op. cit., p. 139, 141. 12 DOE, FY 2008 Congressional Budget, vol. 3, p. 577. 13 EIA [http://www.eia.doe.gov...cneaf/electricity/epa/epat2p4.html]. 14 World Energy Outlook , op. cit., p. 140. 15 CRS Report RL33442, Nuclear Power: Outlook for New U.S. Reactors, by

  8. The Impact of Remittances on Human Development: A Quantitative Analysis and Policy Implications.

    OpenAIRE

    Üstübici, Ayşen; Irdam, Darja

    2012-01-01

    Abstract: This paper contributes to the discussions on the nexus between migration and development by assessing the effects of remittances on human development. We do so first through a quantitative approach, and second, by elaborating the findings of our quantitative analysis within a broader theoretical and policy framework. By using OLS, we measure the impact of remittances on human development and compare it with the effect of foreign direct investment (FDI) and official development assis...

  9. Beyond the Iron Triangle: Implications for the Veterans Health Administration in an Uncertain Policy Environment

    Science.gov (United States)

    2014-12-04

    and actively followed by a relative handful of academics . 14 The primary congressional authorizing committees for VA are the House Committee on... malpractice issues contributed to negative narratives of inadequate care and fiscal irresponsibility.122 118 An illustrative example of these incendiary...advocates for VHA in a changing policy environment are the academic 273 William G. Weissert and Carol S. Weissert, Governing Health: The Politics of Health

  10. Does The Price Puzzle Exist in Colombia? Empirical Evidence and Policy Implications

    Directory of Open Access Journals (Sweden)

    Blen Solomon

    2006-04-01

    Full Text Available The price puzzle has been the focus of many studies, however, most of these studies have focused on developed economies and especially on the U.S. Owing to this tendency; we do not know if there is existence of a price puzzle in developing economies. This is an important topic of research as it facilitates the understanding on the different channels of monetary policy. It also helps our understanding regarding monetary policy effectiveness and in the context of the Colombian economy, this is a main issue as the basic long-term target of Colombia’s monetary policy is price stability. This study investigates the existence of the price puzzle for the period 1980:5-2003:12 in Colombia by using Vector Error Correction Model (VECM. Since the sample period of study is not characterized with a uniform monetary policy regime, following Balke and Emery (1994 we divide our sample period according to existent structural breaks. We test for the price puzzle by dividing our sample into pre-1991 period (before inflation targeting started and during inflation targeting period. We employ impulse response functions as our main tolos to investigate the price puzzle. The impulse response functions show that during both the pre-1991 and post 1991 periods, prices don’t rise in response to positive shocks in short term interest rates. Therefore we conclude that Colombia does not exhibit the price puzzle. In fact, during both periods as well as the whole sample period, prices are not responsive to short-term interest rate shocks. The unresponsiveness of prices to positive interest rate shocks is not expected since we would anticipate prices to decrease due to a positive interest rate shock

  11. Australia’s Indigenous ill–health and national social policy implications

    OpenAIRE

    März, Angelika

    2005-01-01

    This paper describes the current state of health and socio-economic status of the Indigenous people of Australia and reports and discusses social policy measures that have been taken by the Commonwealth government to improve Indigenous health since the late 1980s. The health of Indigenous people is far worse than that of other Australians. Immediate causes of Indigenous ill–health are a poor environmental health infrastructure and housing conditions, inadequate access to health services and a...

  12. The Idea and Practice of Contract in U.S. Employment Relations: Analysis and Policy Implications

    OpenAIRE

    Lewin, David

    2013-01-01

    Traditionally, the outgoing Labor and Employment Relations Association (LERA) president delivers a presentation on an important labor and employment relations issue at the organization’s Annual Meeting. President David Lewin’s June 8, 2013 presentation advocated comprehensive reform of national labor policy to address key changes in the 21st century workplace.  This paper is a summary version of that presentation.

  13. Mode of production and population patterns: policy implications for West African development.

    Science.gov (United States)

    Franke, R W

    1981-01-01

    Recent developments in population theory have made possible a re-examination of demographic evidence from West Africa which suggests that population growth and migration are primarily responses to changes in the nature of the production system. Precolonial, colonial, and independence period data provide a series of correlations consistent with the approach and suggest a possible new synthesis of the West African data. The poorest countries of West Africa are those bordering on the Sahara Desert, known as the "Sahel" region. In response to the drought and famine in that region from 1968-1974, numerous proposals have been made for increased attention to reducing population growth. The analysis presented in this paper leads to the conclusion that population policies other than those attempting to lower the birth rate are called for. These would include relocation of populations previously displaced by colonial labor migrations and the re-integration of herding and farming production systems, both of which policies should be considered as population policies. Data are presented from specific projects underway in Senegal, Mauritania, and Mali, to illustrate the argument.

  14. The Link Between Mental Illness and Firearm Violence: Implications for Social Policy and Clinical Practice.

    Science.gov (United States)

    Rozel, John S; Mulvey, Edward P

    2017-03-30

    The United States has substantially higher levels of firearm violence than most other developed countries. Firearm violence is a significant and preventable public health crisis. Mental illness is a weak risk factor for violence despite popular misconceptions reflected in the media and policy. That said, mental health professionals play a critical role in assessing their patients for violence risk, counseling about firearm safety, and guiding the creation of rational and evidence-based public policy that can be effective in mitigating violence risk without unnecessarily stigmatizing people with mental illness. This article summarizes existing evidence about the interplay among mental illness, violence, and firearms, with particular attention paid to the role of active symptoms, addiction, victimization, and psychosocial risk factors. The social and legal context of firearm ownership is discussed as a preface to exploring practical, evidence-driven, and behaviorally informed policy recommendations for mitigating firearm violence risk. Expected final online publication date for the Annual Review of Clinical Psychology Volume 13 is May 7, 2017. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

  15. Real options analysis for land use management: Methods, application, and implications for policy.

    Science.gov (United States)

    Regan, Courtney M; Bryan, Brett A; Connor, Jeffery D; Meyer, Wayne S; Ostendorf, Bertram; Zhu, Zili; Bao, Chenming

    2015-09-15

    Discounted cash flow analysis, including net present value is an established way to value land use and management investments which accounts for the time-value of money. However, it provides a static view and assumes passive commitment to an investment strategy when real world land use and management investment decisions are characterised by uncertainty, irreversibility, change, and adaptation. Real options analysis has been proposed as a better valuation method under uncertainty and where the opportunity exists to delay investment decisions, pending more information. We briefly review the use of discounted cash flow methods in land use and management and discuss their benefits and limitations. We then provide an overview of real options analysis, describe the main analytical methods, and summarize its application to land use investment decisions. Real options analysis is largely underutilized in evaluating land use decisions, despite uncertainty in policy and economic drivers, the irreversibility and sunk costs involved. New simulation methods offer the potential for overcoming current technical challenges to implementation as demonstrated with a real options simulation model used to evaluate an agricultural land use decision in South Australia. We conclude that considering option values in future policy design will provide a more realistic assessment of landholder investment decision making and provide insights for improved policy performance.

  16. IMPLICATION OF DECISIONS OF FINANCING POLICY ON THE FINANCIAL PROFITABILITY AND STABILITY OF THE COMPANY

    Directory of Open Access Journals (Sweden)

    Pop Mugurel Gabriel Sorin

    2012-07-01

    Full Text Available The present study aims at analyzing the influence of decisions on financing policy of the current activity on profitability and financial stability of the company. Of course, the realization of such a research is not possible without a pertinent analysis on the concepts expressed in the literature of this field. In relation to this matter, we find that each author has his own concept about the subject under review. These expressed views, based on previous research, are related to the domain under analysis. Our research is in the current phase, a theoretically applied one. It is based on the comparisons we make between different means of financing the company's current activity. We are convinced that an accurate determination of the influence of decision on financing policy on the profitability and financial stability, helps the financial management, by facilitating the process of adopting the most appropriate funding decisions. Our research results are outlined in the information provided on financial management of the company that will lead to a better substantiation for decision-making policy-related process on funding.

  17. Fiscal policy within a common currency area – growth implications in the light of neoclassical theory

    Directory of Open Access Journals (Sweden)

    Michał Konopczyński

    2013-10-01

    Full Text Available We examine the long-run impact of fiscal policy on economic growth under the conditions of an economic and monetary union (EMU. The analysis is based on the neoclassical growth model of a small (in economic terms open economy in an EMU. The core assumptions are perfect capital mobility, which results in identical interest rates across the EMU, and perfect mobility of goods, which leads to the convergence of price levels. The model is based on standard neoclassical assumptions, i.e., the output is determined by the Cobb-Douglas production function with a Harrod-neutral technical progress and constant returns to scale, capital and labor receive their marginal products, etc. We show that a unique long-run equilibrium exists and is characterized by the so-called natural rate of growth. The necessary and sufficient conditions of global asymptotic stability form a system of three non-trivial inequalities. We argue that in modern economies, these conditions are satisfied, except perhaps for very short periods of time. Furthermore, we show that the golden rules of fiscal policy have the form of an alternative optimal policy that crucially depends on the relation between the real interest rate and the natural rate of growth and on the relations between five other autonomous parameters.

  18. Recognition of depression in children in general hospital-based paediatric units in Kenya: practice and policy implications

    Directory of Open Access Journals (Sweden)

    Mutiso Victoria N

    2009-10-01

    Full Text Available Abstract Background Physical disorders are commonly comorbid with depression in children attending general medical facilities. However, the depression component is rarely recognised. Methods A questionnaire on sociodemographics and history of presenting medical conditions was administered together with the Children's Depression Inventory (CDI to all 11-year-old to 17-year-old children attending at nine medical facilities. Results In all, 408 children were recruited from 9 health facilities. Whereas the clinicians diagnosed a mental disorder in only 2.5% of the sample studied, 41.3% had CDI scores that suggested mild to moderate depression. The highest proportion of children with depressive symptomatology was found at the Kenyatta National and Teaching Referral Hospital. Conclusion Although prevalence rate for depression among children is high, detection rates remain low. This finding has clinical practice and policy implications within and outside Kenya.

  19. Youth with Behavioral Health Disorders Aging Out of Foster Care: a Systematic Review and Implications for Policy, Research, and Practice.

    Science.gov (United States)

    Kang-Yi, Christina D; Adams, Danielle R

    2017-01-01

    This systematic review aimed to (1) identify and summarize empirical studies on youth with behavioral health disorders aging out of foster care and (2) address implications for behavioral health policy, research, and practice. We identified previous studies by searching PubMed, PsycINFO, EBSCO, and ISI Citation Indexes and obtaining references from key experts in the child welfare field. A total of 28 full articles published between 1991 and 2014 were reviewed and summarized into the key areas including systems of care, disability type, transition practice area, study methods, study sample, transition outcome measures, study analysis, and study findings. Considering how fast youth who have behavioral health disorders fall through the crack as they exit foster care, one cannot understate the importance of incorporating timely and appropriate transition planning and care coordination for youth who have behavioral health disorders aging out of foster care into the usual case management performed by behavioral health systems and service providers.

  20. Not afraid to blame: the neglected role of blame attribution in medical consumerism and some implications for health policy.

    Science.gov (United States)

    Rosenthal, Marsha; Schlesinger, Mark

    2002-01-01

    A crucial aspect of medical consumerism has been overlooked in past research and policymaking: how consumers decide whom to "blame" for bad outcomes. This study explores how, in a system increasingly dominated by managed care, these attributions affect consumers' attitudes and behavior. Using data from the experiences of people with serious mental illness, hypotheses are tested regarding the origins and consequences of blaming for medical consumerism. Blame was allocated to health plans in a manner similar, but not identical, to the way in which blame was allocated to health care professionals. Both allocations are shaped by enrollment in managed care, with blame allocation affecting consumers' subsequent willingness to talk about adverse events. Policy implications include the need for more finely tuned grievance procedures and better consumer education about managed care practices.

  1. Policy recommendations and cost implications for a more sustainable framework for European human biomonitoring surveys

    DEFF Research Database (Denmark)

    Joas, Anke; Knudsen, Lisbeth E.; Kolossa-Gehring, Marike

    2015-01-01

    The potential of Human Biomonitoring (HBM) in exposure characterisation and risk assessment is well established in the scientific HBM community and regulatory arena by many publications. The European Environment and Health Strategy as well as the Environment and Health Action Plan 2004-2010 of th......, and EFSA. An economic frame with shared cost implications for national and European institutions is suggested benefitting from the capacity building set up by COPHES/DEMOCOPHES....

  2. Dimensions of population policy in India: the psycho-social implications.

    Science.gov (United States)

    Shariff, A; Mouli, A S

    1978-01-01

    All population policies, while seemingly identical in their formulation, differ in terms of their veritable ulterior objective. This is due to the fact that the formulation is done by a selected group of planning agencies and the health ministry. As the purport of the population policy rests more or less with the manipulation of the demographic variables, the important components of the population influencing policies should be discussed, as the population-influencing policies intend to impact on the population directly. The important components are fertility regulation, reductions in mortality and morbidity, and migration and population distribution. In India fertility regulations are directed toward achieving a reduced birth rate of 25 by 1984 or a growth rate of 1.25. While India has successfully reduced the mortality rate and the birth rate, the reduction in the rates are not proportional. This has led to a higher growth rate. Consequently, the pressure on the nation at this time is to reduce the birth rate. India has felt the strains of realizing this goal despite her concerted efforts for various reasons. First, birth control programs failed to gain as much acceptance as anticipated, whereas the plans designed to reduce mortality were moderately well received. Additionally, the birth control schemes came to have a cultural taboo, possibly attributable to inadequate and vague propaganda on the part of program administrators as well as illiteracy. Economic pro and con factors also contributed. The extent of migration in India is insignificant for various socioeconomic reasons. First, India is a country where illiteracy is predominant, and this has restrained the scope for migration. Secondly, as 80% of Indians depend on agriculture, they feel satisfied at home with whatever they earn. Regarding in-migration, India, as a developing country experiencing the ills of poverty, unemployment, low capital formation, and a slow pace of technological development, has not

  3. Irrigation-based livelihood trends in river basins: theory and policy implications for irrigation development

    Science.gov (United States)

    Lankford, Bruce

    This paper examines irrigation development and policy in Tanzania utilising a livelihoods and river basin perspective. On the basis of observations, the author argues that river basins theoretically exhibit a sigmoid curve of irrigation development in three stages; proto-irrigation, irrigation-momentum and river basin management. This model arises from two governing factors. Firstly, irrigation is a complex livelihood activity that, although has benefits, also has costs, risks and alternatives that integrate across many systems; farmers implicitly understand this and enter into or keep out of irrigation accordingly. In the proto-irrigation stage, irrigators are less common, and irrigation is felt to be a relatively unattractive livelihood. In the irrigation-momentum stage, irrigators are drawn very much to irrigation in providing livelihood needs. Hence, given both of these circumstances, governments should be cautious about policies that call for the need to ‘provide irrigation’ (when farmers may not wish to irrigate) or to further increase it (when farmers already have the means and will to do so). Second, irrigation consumes water, generating externalities. Thus if irrigation momentum proceeds to the point when water consumption directly impacts on other sectors and livelihoods, (e.g. pastoralists, downstream irrigation, the environment) decision-makers should focus not necessarily on irrigation expansion, but on water management, allocation and conflict mediation. This three-stage theoretical model reminds us to take a balanced ‘livelihoods river-basin’ approach that addresses real problems in each given stage of river basin development and to develop policy accordingly. The paper contains a discussion on livelihood factors that affect entry into irrigation. It ends with a series of recommendations on policy; covering for example new large-scale systems; problems solving; and the use of an irrigation-river basin livelihoods approach. The recommendations

  4. The Export-Import Bank of China

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ Established in 1994and solely owned by the central government, The Export-Import Bank of China (China Eximbank) is a state policy bank under the direct leadership of the State Council. Its international credit ratings are compatible with the national sovereign ratings. At present,the Bank has seven business branches, six domestic representative offices and two overseas representative offices - one for Southern &Eastern Africa and the other in Paris Rep.

  5. Current trends of banking innovations

    Directory of Open Access Journals (Sweden)

    A.M. Karminskiy

    2013-06-01

    Full Text Available The current stage of the global banking system development takes place in an increasingly competitive environment and unstable financial markets. One of the key factors of bank's successful development is a policy of continuous innovative behavior. Nowadays innovation is a key factor of bankingnstability, competitiveness and sustainable growth.The aim of the article. The main goal of this article is to examine key trends of banking innovations and innovative in Russia. Experience in the development of new banking products, services and technologies in the Russian market is mainly based on international practice. Noteworthy is the fact that Russian banks take over not only the successful practice of new product lines, but also information technology as well as key methodological aspects of bank management and the technological aspects related the business processes.The results of the analysis. Innovative policy in the credit institution must not take place spontaneously. The positive effect of innovation can be achieved only if there is the possibility of managing the innovation process, which is not possible without a clearly highlighted definition and characteristics of banking innovation, which at least would allow distinguishing of innovation and modification. The paper describes the main aspects of the morphology of banking innovation with the detailed classification depended on the variety of attributes from its origin to the direction of action and highlights the major trends of current banking innovation, such as:development of information and cyber technology (and hence the possibility of the emergence of computational complexity and risk prediction models, the development of information security tools,etc.;implementation of customer-oriented model as the best practice;optimization of its own business processes.The article shows a number of real examples of each kind of banking innovation including the innovations in the non

  6. FINANCIAL STRATEGY: SPECIFIC FEATURES AND INFLUENCE FACTORS IN THE BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    Olga STEFANIUC

    2013-06-01

    Full Text Available Financial strategy is a model of training,tracking and use of financial resources of the bank in the long run. It is an element of the overall strategy and it determines the development directions in the areas of credit policy, investment policy, broadcasting policy, deposit policy, interest rate policy, dividend policy, liquidity policy support. So, the financial strategy forms the Bank's financial policy in order to create an efficient management of financial flows.

  7. Ethics in the bank internet encounter

    DEFF Research Database (Denmark)

    Rendtorff, Jacob Dahl; Mattsson, Jan

    2012-01-01

    /implications – The important implication for managerial research of this study would be for banks to focus on customer competency with an ethical concern instead of only being concerned with technical solutions for effective internet operations. Practical implications – Since more and more businesses are digitally based......Purpose – The purpose of this paper is to discuss some ethical issues in the internet encounter between customer and bank. Empirical data related to the difficulties that customers have when they deal with the bank through internet technology and electronic banking. The authors discuss...... the difficulties that customers expressed from an ethical standpoint. Design/methodology/approach – The key problem of the paper is “how does research handle the user's lack of competence in a web-based commercial environment?” The authors illustrate this ethical dilemma with data from a Danish Bank collected...

  8. The anatomy of bank performance during transition: A separate efficient frontier analysis of Ukrainian banks

    Directory of Open Access Journals (Sweden)

    Ihsan Isik

    2016-04-01

    Full Text Available By drawing on Ukrainian experience, this paper analyzes the anatomy of bank efficiency in a transitional economy. Acknowledging the vast disparities in the business technology of different size banks, in this comprehensive study, we innovatively estimate group-specific (distinct frontiers for small, medium, and large size banks. The results from separate frontiers reveal that Ukrainian banks record 38% technical inefficiency, 26% pure technical inefficiency, and 17% scale inefficiency on average. Apparently, banks in transition waste about the two fifths of their factor inputs during the production of financial services. The cardinal source of sub-performance in transitional banks seems to be managerial inefficiencies. We also found that banks operating in areas with more political influence and more developed infrastructure outperform the banks operating in politically and economically weaker regions. The results also indicate that larger banks, enjoying public trust in a risky business climate, dominate smaller banks in all forms of efficiency. However, such bias for size causes large banks to suffer from decreasing returns to scale and small banks from idle capacity. Consequently, the policies promoting consolidation between small and large banks may alleviate the excess (idle capacity for large (small banks in a transitional economy.

  9. Meeting Students’ Expectations in an Arab ICLHE/EMI Context: Implications for ELT Education Policy and Practice

    Directory of Open Access Journals (Sweden)

    Ali S.M. Al-Issa

    2016-11-01

    Full Text Available Students’ expectations have seldom received any attention in English Language Teaching (ELT education research in the Arab World in general and in Integrated Content and Language in Higher Education (ICLHE/English Medium Instruction (EMI English for Academic Purposes (EAP in particular, despite their importance for policy and practice. This mixed-method study investigates the expectations of 50 students attending an ICLHE/EMI EAP course at College of Law, Sultan Qaboos University (SQU in the Sultanate of Oman. The results have shown that the students had course materials and content and course pedagogy and design implementation expectations. The results have further revealed that the teacher played a key role in meeting his students’ expectations through his effective teaching. The findings have important implications for ICLHE/EMI policy implementation in other similar local, regional and global contexts.  Keywords: Students’ expectations; English Language for Law (1; Integrated Content and Language in Higher Education/English Medium Instruction; English Language Teaching; College of Law

  10. Drivers of E-Business Value Creation in Banking Sector in Jordan: A Structural Equation Modeling Application

    Directory of Open Access Journals (Sweden)

    Ali Ahmad Alawneh

    2014-06-01

    Full Text Available With the development and growth of internet, its applications of e-banking, e-commerce, and e-business became irreplaceable channels regarding its fast access, rich content, and smooth interactivity. High investments are paid toward improving the quality of service offered by the banks. This paper is dedicated to empirically investigating the drivers of e-Business value creation in the Jordanian banking sector. This work summarizes the main differences among employee s of Jordanian and foreign bank regarding their perspectives. Many of the competing foreign banks to the Jordanian banks are enforced with huge financ ial capital, having long periods of banking practices and are employing cutting-edge echnologies and tools. To minimize the technological gap, Jordanian banks are working hard to develop their e-Business services. This in one hand has to enhance their trust, satisf action, and commitment toward existing customers and entice new comers on other hand. Based on business model of Amit and Zott, i.e. the four constructs of e-Value framework (efficiency, complementarities, lock-in, and novelty, four hypotheses have been formulated to test the differences in the drivers of e-Business value creation between Jordanian and f oreign banks. A survey questionnaire in a form of paper-and-pencil was delivered ersonally to 200 employees from four main Jordanian banks and 200 employees from four foreign banks working in Jordan. The questionnaire was formed and constructed to test the proposed hypotheses. the findings in this study based on the SEM and T-test analyses, revealed important implications that will help banks’ managers to makewell-informed decisions and policies regarding investments and resources allocation for implementing e- Business strategies and ventures. The paper concludes with discussing the importance of these findings for practitioners and for future research on value accrued from e-Business services.

  11. The Export-Import Bank of China

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    @@ Established in 1994and solely owned by the central government, The Export-Im-port Bank of China (China Eximbank) is a state policy bank under the direct leadership of the State Council. Its international credit ratings are compatible with the national sovereign ratings.

  12. The Export-Import Bank of China

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

      Established in 1994and solely owned by the central government, The Export-Im-port Bank of China (China Eximbank) is a state policy bank under the direct leadership of the State Council. Its international credit ratings are compatible with the national sovereign ratings.……

  13. Bank Liquidity Risk: Analysis and Estimates

    Directory of Open Access Journals (Sweden)

    Meilė Jasienė

    2012-12-01

    Full Text Available In today’s banking business, liquidity risk and its management are some of the most critical elements that underlie the stability and security of the bank’s operations, profit-making and clients confidence as well as many of the decisions that the bank makes. Managing liquidity risk in a commercial bank is not something new, yet scientific literature has not focused enough on different approaches to liquidity risk management and assessment. Furthermore, models, methodologies or policies of managing liquidity risk in a commercial bank have never been examined in detail either. The goal of this article is to analyse the liquidity risk of commercial banks as well as the possibilities of managing it and to build a liquidity risk management model for a commercial bank. The development, assessment and application of the commercial bank liquidity risk management was based on an analysis of scientific resources, a comparative analysis and mathematical calculations.

  14. Opening the door for foreign banks

    Institute of Scientific and Technical Information of China (English)

    WANGPEI

    2004-01-01

    Will central government's tightening policy bring further opportunities to foreign banks?And with less capital available for lending,how much ground will domestic banks lose to their foreign-invested competitors?

  15. United States National Healthcare Policies 2015: An Analysis with Implications for the Future of Medicine.

    Science.gov (United States)

    Birk, Harjus S

    2016-01-07

    There is little doubt that the tenure of President Barack Obama and implementation of the Affordable Care Act has had a profound effect on the United States healthcare delivery system in terms of the organization, finances, and clinical aspects of medical practice. As we enter the 2016 presidential election, looming issues of health affairs include 1) Is affordability achievable and can it be achieved without sacrificing the physician-patient relationship? and 2) Does practice consolidation and control by insurance providers cast physicians in a role as technicians? In countries such as the United Kingdom, policies seeking to increase healthcare affordability without sacrificing the quality of care have been implemented, as manifested through not only socialized medicine but also a general goal of cost cutting without sacrificing patient care. In addition, although done more as a tactical move with little impact on the overall budget, the healthcare benefits of political leaders in the United Kingdom are being trimmed in order to increase citizen buy-in in the healthcare model. This article compares recent healthcare policy changes in the United States to those of some constitutional democracies. The attitudes of healthcare stakeholders, including patients, physicians, and political leaders, are also analyzed. It is argued that the evolution of health affairs internationally is driven largely by efficacious political and economic factors, and that it behooves United States healthcare policy makers to note the impact of these international changes and to integrate the necessary changes in order to enhance patient care.

  16. Abortion law in Muslim-majority countries: an overview of the Islamic discourse with policy implications.

    Science.gov (United States)

    Shapiro, Gilla K

    2014-07-01

    Religion plays a significant role in a patient’s bioethical decision to have an abortion as well as in a country’s abortion policy. Nevertheless, a holistic understanding of the Islamic position remains under-researched. This study first conducted a detailed and systematic analysis of Islam’s position towards abortion through examining the most authoritative biblical texts (i.e. the Quran and Sunnah) as well as other informative factors (i.e. contemporary fatwas, Islamic mysticism and broader Islamic principles, interest groups, and transnational Islamic organizations). Although Islamic jurisprudence does not encourage abortion, there is no direct biblical prohibition. Positions on abortion are notably variable, and many religious scholars permit abortion in particular circumstances during specific stages of gestational development. It is generally agreed that the least blameworthy abortion is when the life of the pregnant woman is threatened and when 120 days have not lapsed; however, there is remarkable heterogeneity in regards to other circumstances (e.g. preserving physical or mental health, foetal impairment, rape, or social or economic reasons), and later gestational development of the foetus. This study secondly conducted a cross-country examination of abortion rights in Muslim-majority countries. A predominantly conservative approach was found whereby 18 of 47 countries do not allow abortion under any circumstances besides saving the life of the pregnant woman. Nevertheless, there was substantial diversity between countries, and 10 countries allowed abortion ‘on request’. Discursive elements that may enable policy development in Muslim-majority countries as well as future research that may enhance the study of abortion rights are discussed. Particularly, more lenient abortion laws may be achieved through disabusing individuals that the most authoritative texts unambiguously oppose abortion, highlighting more lenient interpretations that exist in

  17. A Survey of Georgia Adult Protective Service Staff: Implications for Older Adult Injury Prevention and Policy

    Directory of Open Access Journals (Sweden)

    Strasser, Sheryl

    2011-07-01

    Full Text Available Background: The aging population is a rapidly growing demographic. Isolation and limited autonomy render many of the elderly vulnerable to abuse, neglect and exploitation. As the population grows, so does the need for Adult Protective Services (APS. This study was conducted to examine current knowledge of older adult protection laws in Georgia among APS staff and to identify training opportunities to better prepare the APS workforce in case detection and intervention.Methods: The Georgia State University Institute of Public Health faculty developed a primary survey in partnership with the Georgia Division of Aging Services’ leadership to identify key training priority issues for APS caseworkers and investigators. A 47-item electronic questionnaire was delivered to all APS employees via work-issued email accounts. We conducted descriptive analyses, t-tests and chi-square analyses to determine APS employees’ baseline knowledge of Georgia’s elder abuse policies, laws and practices, as well as examine associations of age, ethnicity, and educational attainment with knowledge. We used a p-value of 0.05 and 95% confidence intervals to determine statistical significance of analyses performed.Result: Ninety-two out of 175 APS staff responded to the survey (53% response rate. The majority of respondents were Caucasian (56% women (92%. For over half the survey items, paired sample t-tests revealed significant differences between what APS staff reported as known and what APS staff members indicated they needed to know more about in terms of elder abuse and current policies. Chi-square tests revealed that non-Caucasians significantly preferred video conferencing as a training format (44% compared to 18%, [χ2(1 = 7.102, p < .008], whereas Caucasians preferred asynchronous online learning formats (55% compared to 28% [χ2(1 =5.951, p < .015].Conclusion: Results from this study provide the Georgia Division of Aging with insight into specific policy areas

  18. Economic empowerment of impoverished IPV survivors: a review of best practice literature and implications for policy.

    Science.gov (United States)

    Hahn, Sur Ah; Postmus, Judy L

    2014-04-01

    Best practices in advocating for economic empowerment of impoverished intimate partner violence (IPV) survivors require the comprehensive and holistic organization of program and service delivery systems. This article outlines the best practices literature that addresses IPV in the lives of impoverished women, as well as the literature that specifically examines the interventions to economically empower IPV survivors--whether impoverished or not. This article concludes with suggestions for policy makers on how to incorporate these best practices into the Violence Against Women Act and for practitioners to ensure a comprehensive approach to interventions for impoverished IPV survivors.

  19. Learning about a shift in trend output: implications for monetary policy and inflation

    OpenAIRE

    Lansing, Kevin J.

    2000-01-01

    This paper develops a small forward-looking macroeconomic model where the Federal Reserve estimates the level of potential output in real time by running a regression on past output data. The Fed's perceived output gap is used as an input to the monetary policy rule while the true output gap influences aggregate demand and inflation. I investigate the consequences of two postulated shifts in the growth rate of U.S. potential output: the first occurs in the early-1970s and the second in the mi...

  20. Military Unity and National Policy: Some Past Effects and Future Implications

    Science.gov (United States)

    1991-12-01

    I.brary of Congress. General Carl Spaatz 8. David Alan Rosenberg. "American Postwar collection. Box 20: Adm Ernest J. King to the com- Doctrine and...Stratollfler) entered the largest share spent on moderning the inventory.’ and maintaining a strong strategic poe - In keeping with national policy. the...Colhn I. for Land, Sea and Air," The Officer Ř. no. I I Powell, Chairman JCS, subject: Report on Rolmn (November 1988): 14-16; L. Edgar Arlna. ’The and