WorldWideScience

Sample records for debt collectors turning

  1. Turning collectors for solar radiation

    Science.gov (United States)

    Barak, Amitzur Z.

    1976-01-01

    A device is provided for turning a solar collector about the polar axis so that the collector is directed toward the sun as the sun tracks the sky each day. It includes two heat-expansive elements and a shadow plate. In the morning a first expansive element is heated, expands to turn the collector to face the sun, while the second expansive element is shaded by the plate. In the afternoon the second element is heated, expands to turn the collector to face the sun, while the first is shaded by the plate.

  2. Mental health and debt collection: a story of progress? Exploring changes in debt collectors' attitudes and practices when working with customers with mental health problems, 2010-2016.

    Science.gov (United States)

    Evans, Jamie; Fitch, Christopher; Collard, Sharon; Henderson, Claire

    2018-04-27

    In recent years, the UK debt collection industry has taken steps to improve its policies and practices in relation to customers with mental health problems. Little data, however, have been collected to evidence change. This paper examines whether the reported attitudes and practices of debt collection staff when working with customers with mental health problems have changed between 2010 and 2016. This paper draws on descriptive and regression analyses of two cross-sectional surveys of debt collection staff: one conducted in 2010 and one conducted in 2016. All variables analysed show statistically significant changes between 2010 and 2016 indicative of improved reported attitudes and practices. While results suggest an improvement in attitudes and practice may have occurred between 2010 and 2016, research is required to understand this potential shift, its likely causes, and concrete impact on customers.

  3. Will Hungarian Private Collectors Turn International? Private Engagement in Contemporary Art in East Central Europe

    Directory of Open Access Journals (Sweden)

    Gábor Ébli

    2012-01-01

    Full Text Available The recent spectacular surge in private collecting in Hungary – which began around the fall of Communism and abated only with the current financial crisis – can be seen as part of the steady expansion of private involvement in the art scene, with some of these developments pointing beyond local significance. This paper examines the historical roots and the current structural characteristics of this spread by looking at the motifs and the choices of collectors, their co-operation with commercial galleries and public museums, as well as the advantages and side-effects of blossoming art patronage. Based on ten years of research, including close to two-hundred interviews with the actors in the art world in Hungary, I argue that private collecting, which had already strongly benefitted from the cultural thaw of the last decades of the Communist regime in the country, has earned over the past quarter-century high social status, the promise of lucrative investment and the liberty of creative self-expression for buyers of modern and, subsequently, contemporary art. The paper aims briefly to place these multiple factors in an international context; further research into art collecting in Eastern Europe will be needed to yield a more complete comparative regional study.

  4. Determinants of Polish public debt

    Directory of Open Access Journals (Sweden)

    Tomasz Stryjewski

    2011-12-01

    Full Text Available The crisis, which had its beginning in 2007, turned into the debt crisis of the countries. The examples of Greece, Ireland, Iceland or Spain showed the category of public debt in a new light. Poland, at the turn of 2010/2011 also achieved the upper level of public debt acceptable by the law. In the present situation of the European Union countries being in debt, and even insolvent, the situation in Poland becomes riskier. This article attempts at an empirical verification of the determinants of Polish public debt within 95 months (the data link with the period of time from January 2003 to November 2010. The verification of the main factors which cause the formation of public debt takes place by means of an appropriately verified econometric model.

  5. Looking afield: debt collection tips hospitals can borrow from banks.

    Science.gov (United States)

    Klein, Larry; Shelton, Greg

    2015-09-01

    When developing strategies for collecting on patient debt, hospitals can benefit from following the example of the banking industry: Banks take a "do-it-yourself" approach, working delinquent accounts in-house for as long as practical. They embrace technology to give in-house debt collectors optimal opportunity to connect with customers to work out terms for resolving debt. They strategically leverage outside collections agencies based on the makeup of their debt portfolio.

  6. BUDGET AND PUBLIC DEBT

    Directory of Open Access Journals (Sweden)

    Morar Ioan Dan

    2014-12-01

    Full Text Available The issue of public budgeting is an important issue for public policy of the state, for the simple reason that no money from the state budget can not promote public policy. Budgetary policy is official government Doctrine vision mirror and also represents a starting point for other public policies, which in turn are financed by the public budget. Fiscal policy instruments at its disposal handles the public sector in its structure, and the private sector. Tools such as grant, budgetary allocation, tax, welfare under various forms, direct investments and not least the state aid is used by the state through their budgetary policies to directly and indirectly infuence sector, and the private. Fiscal policies can be grouped according to the structure of the public sector in these components, namely fiscal policy, budgeting and resource allocation policies for financing the budget deficit. An important issue is the financing of the budget deficit budgetary policies. There are two funding possibilities, namely, the higher taxes or more axles site and enter the second call to public loans. Both options involve extra effort from taxpayers in the current fiscal year when they pay higher taxes or a future period when public loans will be repaid. We know that by virtue of "fiscal pact" structural deficits of the member countries of the EU are limited by the European Commission, according to the macro structural stability and budget of each Member State. This problem tempers to some extent the governments of the Member States budgetary appetite, but does not solve the problem of chronic budget deficits. Another issue addressed in this paper is related to the public debt, the absolute amount of its relative level of public datoriri, about the size of GDP, public debt financing and its repayment sources. Sources of public debt issuance and monetary impact on the budget and monetary stability are variables that must underpin the justification of budgetary

  7. Debt Dilemma

    Science.gov (United States)

    Stewart, Pearl

    2012-01-01

    Recent reports point to soaring student loan debt and high rates of default as impediments to financial security for millions of Americans. A number of colleges and universities have addressed the issue with initiatives ranging from financial fixes to bold new models of higher education. The Institute for College Access and Success (TICAS)…

  8. Dust collector

    Energy Technology Data Exchange (ETDEWEB)

    Sahourin, H.

    1988-03-22

    This invention relates to a dust collector or filter which may be used for large volume cleaning air for gases or for separating out industrial byproducts such as wood chips, sawdust, and shavings. It relies on filtration or separation using only a uniquely configured medium. A primary, but not exclusive, purpose of the invention is to enable very large throughput, capable of separating or filtering of gases containing up to three or more tons of byproduct with a minimum pressure-drop across the device. No preliminary cycloning, to remove major particulates is necessary. The collector generally comprises a continuous and integral filter medium which is suspended from a plurality of downwardly extending frames forming a series of separate elements having a triangular cross-section, each element being relatively wide at the top and narrow at the bottom to define, between adjacent elements, a divergent collecting space which is wide at the bottom. 11 figs.

  9. Magnetic collectors

    International Nuclear Information System (INIS)

    Frew, J.D.

    1980-01-01

    A collector for use in a magnetic separator is formed by isostatically pressing a metal which is resistant to attack by acid about ferromagnetic bodies whereby to encase the bodies in the metal. In one arrangement, as shown, the bodies are encapsulated between inner and outer cylinders. In other arrangements the encapsulating metal is in the form of a tube or planar sheets. The bodies are of Fe or an oxide thereof and the acid-resistant metal parts may be of stainless steel, Au, Pt, Pa or an alloy. The magnetic separator is intended for use in removing particles from liquids during the reprocessing of nuclear fuel materials. (author)

  10. The Debt Overhang Hypothesis: Evidence from Pakistan

    Directory of Open Access Journals (Sweden)

    Shah Muhammad Imran

    2016-04-01

    Full Text Available This study investigates the debt overhang hypothesis for Pakistan in the period 1960-2007. The study examines empirically the dynamic behaviour of GDP, debt services, the employed labour force and investment using the time series concepts of unit roots, cointegration, error correlation and causality. Our findings suggest that debt-servicing has a negative impact on the productivity of both labour and capital, and that in turn has adversely affected economic growth. By severely constraining the ability of the country to service debt, this lends support to the debt-overhang hypothesis in Pakistan. The long run relation between debt services and economic growth implies that future increases in output will drain away in form of high debt service payments to lender country as external debt acts like a tax on output. More specifically, foreign creditors will benefit more from the rise in productivity than will domestic producers and labour. This suggests that domestic labour and capital are the ultimate losers from this heavy debt burden.

  11. 76 FR 14010 - Public Workshop: Debt Collection 2.0: Protecting Consumers as Technologies Change

    Science.gov (United States)

    2011-03-15

    ....html ; Global Debt Registry Recognized As Visa PCI DSS Validated Service Provider, Business Wire (Jan... benefit consumers and debt collectors alike by streamlining the payment process and, in some cases... being unable to interact with each other? 7. What is the prevalence and feasibility of outsourcing the...

  12. Dam debt in Tasmania

    International Nuclear Information System (INIS)

    Blakers, A.

    1994-01-01

    In 1983 the Australian government blocked the construction of the Gordon-below-Franklin hydroelectric scheme in the western Tasmanian wilderness. The Hydroelectric Commission of Tasmania (HECT) then began the construction of two new hydro schemes, the King scheme and the Anthony scheme. In addition to being environmentally destructive these two new schemes have turned out to be financial disasters. They cost a total of $A1,200 million to construct and with no return from energy sales. The main problem is that the HECT overestimated demand growth and has built three new schemes too many. The need to service a large debt is a disincentive to conserve electricity. Not only is its bargaining position with large users of electricity weak but Tasmania has an unnecessary debt and three rivers (King, Anthony and Pieman) have been needlessly drowned. The growth of the Tasmanian electricity supply industry over the past decade is compared with the alternatives like wind energy and the low risk development on demand options that wind energy offers. 2 figs., 9 refs

  13. Collateralized debt obligations (CDOs

    Directory of Open Access Journals (Sweden)

    Dragosavac Miloš

    2012-01-01

    Full Text Available Collateralized debt obligations (CDOs were issued in 1987 by bankers at Drexel Burnham Lambert Inc. A decade later, CDOs became the leading power on the credit derivative markets, on which the value of derivative assets was derived from the value of other assets. However, unlike options and credit swamps, CDOs are not real, which means that they are constructed, and sometimes even the construction of their construction. CDOs were made to satisfy different types of investors, at one end, there is low-risk with low-income, and at the other, high-risk with high-income. By 2007, following the bubble burst on the US real estate market, losses on the CDO market started to expand. By 2008, the crisis on the CDO market turned into what we call today 'the global financial crisis.' CDOs are 'in the heart' of the crisis, and even wider. Our attempt is to reveal the mechanism of collateralized debt obligations (CDOs and the way in which CDOs expanded the negative effects of the present global financial crisis.

  14. Mortgage Debt and Wages

    DEFF Research Database (Denmark)

    Wood, James

    2017-01-01

    Different approaches to mortgage debt may impact wages, how homeowners engage with employers and welfare services, and economic growth.......Different approaches to mortgage debt may impact wages, how homeowners engage with employers and welfare services, and economic growth....

  15. International Corporate Debt Market

    OpenAIRE

    Manuela Geranio; Issam Hallak

    2012-01-01

    Research on international debt markets has chiefly investigated sovereign debt markets. We suggest a review of the different types of borrowers and the differences in the instruments. In particular we show that syndicated loans are an essential tool of international debt markets to monitor international markets borrowers. We also show by looking at the details of these instruments the mechanisms behind such tools.

  16. In Sickness and in Debt: Do Mounting Medical Bills Predict Payday Loan Debt?

    Science.gov (United States)

    Bickham, Trey; Lim, Younghee

    2015-01-01

    Cash-strapped families sometimes turn to small, short-term loans with exorbitant fees—payday loans—to cope with mounting medical bills. Given that about three-fourths of payday loan customers are repeat borrowers, consumer advocates and policymakers have increasingly raised voices of concern about the use of payday loans to finance various household expenses, including, among other things, medical bills. The present study hypothesized that increases in medical debt are associated with increases in payday loan debt among a sample of Chapter 7 bankruptcy filers. The results of a multivariate tobit regression analysis showed that medical debt was associated with increased payday loan debt, controlling for various types of debt and other socioeconomic variables. This article concludes with implications of the results for social work policy- and direct-practice.

  17. Garbage collector interface

    OpenAIRE

    Ive, Anders; Blomdell, Anders; Ekman, Torbjörn; Henriksson, Roger; Nilsson, Anders; Nilsson, Klas; Robertz, Sven

    2002-01-01

    The purpose of the presented garbage collector interface is to provide a universal interface for many different implementations of garbage collectors. This is to simplify the integration and exchange of garbage collectors, but also to support incremental, non-conservative, and thread safe implementations. Due to the complexity of the interface, it is aimed at code generators and preprocessors. Experiences from ongoing implementations indicate that the garbage collector interface successfully ...

  18. Connectable solar air collectors

    Energy Technology Data Exchange (ETDEWEB)

    Oestergaard Jensen, S.; Bosanac, M.

    2002-02-01

    The project has proved that it is possible to manufacture solar air collector panels, which in an easy way can be connected into large collector arrays with integrated ducting without loss of efficiency. The developed connectable solar air collectors are based on the use of matrix absorbers in the form of perforated metal sheets. Three interconnected solar air collectors of the above type - each with an transparent area of approx. 3 m{sup 2} - was tested and compared with parallel tests on two single solar air collectors also with a transparent area of approx. 3 m{sup 2} One of the single solar air collectors has an identical absorber as the connectable solar air collectors while the absorber of the other single solar air collector was a fibre cloth. The efficiency of the three solar air collectors proved to be almost identical in the investigated range of mass flow rates and temperature differences. The solar air collectors further proved to be very efficient - as efficient as the second most efficient solar air collectors tested in the IEA task 19 project Solar Air Systems. Some problems remain although to be solved: the pressure drop across especially the connectable solar air collectors is too high - mainly across the inlets of the solar air collectors. It should, however, be possible to considerably reduce the pressure losses with a more aerodynamic design of the inlet and outlet of the solar air collectors; The connectable solar air collectors are easy connectable but the air tightness of the connections in the present form is not good enough. As leakage leads to lower efficiencies focus should be put on making the connections more air tight without loosing the easiness in connecting the solar air collectors. As a spin off of the project a simple and easy way to determine the efficiency of solar, air collectors for pre-heating of fresh air has been validated. The simple method of determining the efficiency has with success been compared with an advance method

  19. Air/liquid collectors

    DEFF Research Database (Denmark)

    Jensen, Søren Østergaard; Olesen, Ole; Kristiansen, Finn Harken

    1997-01-01

    this kind of collectors. The modified simulation program has been used for the determination of the surplus in performance which solar heating systems with this type of solar collectors for combined preheating of ventilation air and domestic hot water will have. The simulation program and the efficiency......This report determine efficiency equations for combined air/liquid solar collectors by measurements on to different air/liquid collectors. Equations which contain all relevant informations on the solar collectors. A simulation program (Kviksol) has been modified in order to be able to handle...

  20. Radiation energy collector

    Energy Technology Data Exchange (ETDEWEB)

    Chao, Bei Tse; Rabl, A

    1977-02-10

    The invention deals with a concentrating solar collector. Collectors of this kind often have considerable natural convection losses which are due, among other facts, to the location of the energy absorber at the outlet with the heated surface of the absorber facing the inlet opening of the collector. According to the invention, the collector is designed in such manner that the absorber is located inside a space in such a way that the radiation emitted by the absorber is reflected back to the absorber with the aid of mirror surfaces. Various designs are described.

  1. Turns prediction : Turns prediction

    OpenAIRE

    Fuchs, Patrick; Etchebest, Catherine; De Brevern, Alexandre

    2007-01-01

    The description of protein 3D structure usually focuses on the repetitive local folds (alpha-helices and beta-sheets). The remaining class, sometimes called unordered region, has often been considered as random (one also calls it ‘random coil'). However, some interesting local folds are also highly recurrent and definitely more structured than a real random region. One of such particularly interesting motif is tight turn; this latter is characterized by few residues (3 to 5) and by the revers...

  2. Solar collector overheating protection

    NARCIS (Netherlands)

    Slaman, M.J.; Griessen, R.P.

    Prismatic structures in a thermal solar collector are used as overheating protection. Such structures reflect incoming light efficiently back whenever less thermal power is extracted from the solar collector. Maximum thermal power is generated when the prismatic structure is surrounded by a

  3. STATE DEBT: A CONCEPTUAL TREATMENT

    Directory of Open Access Journals (Sweden)

    Ion STURZU

    2014-02-01

    Full Text Available Government debt (also known as public debt and national debt is the debt owed by a central government. (In the U.S. and other federal states, "government debt" may also refer to the debt of a state or provincial government, municipal or local government. By contrast, the annual "government deficit" refers to the difference between government receipts and spending in a single year, that is, the increase of debt over a particular year. Government debt is one method of financing government operations, but it is not the only method. Governments can also create money to monetize their debts, thereby removing the need to pay interest. But this practice simply reduces government interest costs rather than truly canceling government debt, and can result in hyperinflation if used unsparingly. Governments usually borrow by issuing securities, government bonds and bills. Less creditworthy countries sometimes borrow directly from a supranational organization (e.g. the World Bank or international financial institutions. As the government draws its income from much of the population, government debt is an indirect debt of the taxpayers. Government debt can be categorized as internal debt (owed to lenders within the country and external debt (owed to foreign lenders. Sovereign debt usually refers to government debt that has been issued in a foreign currency. Another common division of government debt is by duration until repayment is due. Short term debt is generally considered to be for one year or less, long term is for more than ten years. Medium term debt falls between these two boundaries. A broader definition of government debt may consider all government liabilities, including future pension payments and payments for goods and services the government has contracted but not yet paid.

  4. The Determinants of Debt Financing

    OpenAIRE

    Zhao, Chenkai

    2013-01-01

    Debt financing is an important part in capital structure. Over the fifty years, most scholars and researchers focus primarily on the balance between debt financing and equity financing. And only few research involve in types of debt financing, as well as the determinant of debt financing. This study is aim to analyse the determinate of debt financing, which examine that the influence by eight different elements. This dissertation examined by quantitative techniques with 591 UK listed comp...

  5. Quantification of ecological debt

    International Nuclear Information System (INIS)

    Martinez Alier, Joan

    2005-01-01

    The discussion about ecological debt is important keeping in mind historical foreign trade, where natural resources exploitation and primary production exported didn't assessment the ecological damage or the environmental values of the interchange. This essay shows the debate of ecological debt on greenhouse emission, enterprise environmental debit, unequal international trade, toxic waste export, and b io piracy ; in order to present the necessity of a new ecological and equitable world economy

  6. Debt security market in lithuania: changes and tendencies

    OpenAIRE

    Zumaraitė, Birutė

    2007-01-01

    Security market in economically strong countries has deep developing traditions and acts strong role in financial system. Debt securities market helps to allocate the financial recourses between separate institutions. Also the strong role in financial system plays debts securities market, especially government bonds that help to form the lending resources effectively. Interest rate of government bonds is the main point, which turns rates of lending and borrowing. The incomes, which are gained...

  7. City sewer collectors biocorrosion

    Science.gov (United States)

    Ksiażek, Mariusz

    2014-12-01

    This paper presents the biocorrosion of city sewer collectors impregnated with special polymer sulphur binders, polymerized sulphur, which is applied as the industrial waste material. The city sewer collectors are settled with a colony of soil bacteria which have corrosive effects on its structure. Chemoautotrophic nitrifying bacteria utilize the residues of halites (carbamide) which migrate in the city sewer collectors, due to the damaged dampproofing of the roadway and produce nitrogen salts. Chemoorganotrophic bacteria utilize the traces of organic substrates and produce a number of organic acids (formic, acetic, propionic, citric, oxalic and other). The activity of microorganisms so enables the origination of primary and secondary salts which affect physical properties of concretes in city sewer collectors unfavourably.

  8. Analysis of a solar collector field water flow network

    Science.gov (United States)

    Rohde, J. E.; Knoll, R. H.

    1976-01-01

    A number of methods are presented for minimizing the water flow variation in the solar collector field for the Solar Building Test Facility at the Langley Research Center. The solar collector field investigated consisted of collector panels connected in parallel between inlet and exit collector manifolds to form 12 rows. The rows were in turn connected in parallel between the main inlet and exit field manifolds to complete the field. The various solutions considered included various size manifolds, manifold area change, different locations for the inlets and exits to the manifolds, and orifices or flow control valves. Calculations showed that flow variations of less than 5 percent were obtainable both inside a row between solar collector panels and between various rows.

  9. 76 FR 44915 - Statement of Policy Regarding Communications in Connection With the Collection of Decedents' Debts

    Science.gov (United States)

    2011-07-27

    ... ``a consumer is offered or extended the right to acquire `money, property, insurance, or services... the protections and rights available to the consumer under the Act.''). The proposed statement of the... collectors they hire usually have the right to collect on the person's debts from the assets of his or her...

  10. 75 FR 62389 - Statement of Policy Regarding Communications in Connection With Collection of a Decedent's Debt

    Science.gov (United States)

    2010-10-08

    ... administration is designed to keep simple wills and intestacies that generate no controversy from becoming... practices, as well as unwarranted invasions of privacy.\\34\\ At the same time, Congress also recognized that... privacy.''). Section 805(b) of the FDCPA, with certain exceptions, prohibits debt collectors from...

  11. Pharmacy Students' Attitudes Toward Debt.

    Science.gov (United States)

    Park, Taehwan; Yusuf, Akeem A; Hadsall, Ronald S

    2015-05-25

    To examine pharmacy students' attitudes toward debt. Two hundred thirteen pharmacy students at the University of Minnesota were surveyed using items designed to assess attitudes toward debt. Factor analysis was performed to identify common themes. Subgroup analysis was performed to examine whether students' debt-tolerant attitudes varied according to their demographic characteristics, past loan experience, monthly income, and workload. Principal component extraction with varimax rotation identified 3 factor themes accounting for 49.0% of the total variance: tolerant attitudes toward debt (23.5%); contemplation and knowledge about loans (14.3%); and fear of debt (11.2%). Tolerant attitudes toward debt were higher if students were white or if they had had past loan experience. These 3 themes in students' attitudes toward debt were consistent with those identified in previous research. Pharmacy schools should consider providing a structured financial education to improve student management of debt.

  12. Debt Out of Control

    DEFF Research Database (Denmark)

    Achtziger, Anja; Hubert, Marco; Kenning, Peter

    2015-01-01

    In a representative sample of the German population (n = 946), we explored the links between self-control, compulsive buying, and debts. Participants completed the self-control scale (Tangney, Boone, & Baumeister, 2004) and the German Addictive Buying Scale (Raab, Neuner, Reisch, & Scherhorn, 2005......, there was a gender effect on compulsive buying: women were more prone to compulsive buying than men. Age also was significantly negatively related to compulsive buying and positively linked to self-control. Household income was not linked to self-control, compulsive buying, and debts. Implications for practice...

  13. Debt, Neoliberalism and Crisis

    DEFF Research Database (Denmark)

    Charbonneau, Mathieu; Hansen, Magnus Paulsen

    2014-01-01

    , he develops a theory of debt suggesting that the power of credit, central to neoliberalism, requires the construction of an indebted subjectivity. Producing a responsible, guilty and thus hindered subject, this condition involves individuals and societies facing an infinite social debt. According...... to Lazzarato, post-Fordism should be understood through the ascending influence of neoliberalism, as the state has retroceded its power of money creation to private creditors. Through this process, the relation between capital and labour has been transcended by the creditor–debtor relationship. In the economy...

  14. Tracking system for solar collectors

    Science.gov (United States)

    Butler, B.

    1980-10-01

    A tracking system is provided for pivotally mounted spaced-apart solar collectors. A pair of cables is connected to spaced-apart portions of each collector, and a driver displaces the cables, thereby causing the collectors to pivot about their mounting, so as to assume the desired orientation. The collectors may be of the cylindrical type as well as the flat-plate type. Rigid spar-like linkages may be substituted for the cables. Releasable attachments of the cables to the collectors is also described, as is a fine tuning mechanism for precisely aligning each individual collector.

  15. Biological sample collector

    Science.gov (United States)

    Murphy, Gloria A [French Camp, CA

    2010-09-07

    A biological sample collector is adapted to a collect several biological samples in a plurality of filter wells. A biological sample collector may comprise a manifold plate for mounting a filter plate thereon, the filter plate having a plurality of filter wells therein; a hollow slider for engaging and positioning a tube that slides therethrough; and a slide case within which the hollow slider travels to allow the tube to be aligned with a selected filter well of the plurality of filter wells, wherein when the tube is aligned with the selected filter well, the tube is pushed through the hollow slider and into the selected filter well to sealingly engage the selected filter well and to allow the tube to deposit a biological sample onto a filter in the bottom of the selected filter well. The biological sample collector may be portable.

  16. A solar energy collector

    Energy Technology Data Exchange (ETDEWEB)

    Vasil' yev, L.L.; Avakyan, Yu.V.; Bogdanov, V.M.; Gagiyan, L.A.; Grakovich, L.P.; Karapetyan, G.S.; Morgun, V.A.

    1984-01-01

    A collector whose primary component is a heating pipe is proposed. The evaporation zone located in the lower half of the heating pipe has an external absorption coating. Chambers that open upward and contain the evaporating fluid are mounted within this region along the top. In order to improve operational reliability of the collector, these chambers are mounted on one coated wall; the area of projection of each of the chambers onto the horizontal plane is greater than the area of the projection of each of the chambers placed above it. The coating may be in the form of photocells; a filter is mounted on the chamber side inside the evaporation zone. The evaporation zone may take the form of a cylinder with a segmented base; the photocells are mounted on a flat section of the lateral surface. The collector may be used to cool the photocells.

  17. Debt Covenant Renegotiation and Investment

    DEFF Research Database (Denmark)

    Arnold, Marc; Westermann, Ramona

    This paper analyzes the impact of debt covenant renegotiation outside corporate distress on firms. We study a structural model of a levered firm that can renegotiate debt both at investment and in corporate distress. Covenant renegotiation at investment reduces the agency cost of debt because...... it induces a firm value maximizing investment financing policy and mitigates the overinvestment problem. Incorporating renegotiation outside corporate distress is crucial to explain empirical occurrence patterns of debt renegotiation, the impact of debt renegotiation on corporate securities, and the relation...

  18. An Empirical Analysis of the Impact of Debt on the Nigerian Economy

    African Journals Online (AJOL)

    user

    2013-07-07

    Jul 7, 2013 ... relationship between Nigeria's Debt service payment and her Gross ... should make policies that will promote industrialization which will in turn attract foreign direct .... overhang models gave implication that large debt stocks lower growth .... agreement by the creditors of an indebted firm or country to accept.

  19. Solar collector manufacturing activity, 1990

    International Nuclear Information System (INIS)

    1992-01-01

    The Solar Collector Manufacturing Activity 1990 report prepared by the Energy Information Administration (EIA) presents summary and detailed data provided by domestic manufacturers on shipments of solar thermal collectors and photovoltaic cells and modules. Summary data on solar thermal collector shipments are presented for the period 1974 through 1990. Summary data on photovoltaic cell and module shipments are presented for the period 1982 through 1990. Detailed information for solar thermal collectors and photovoltaic cells and modules are presented for 1990

  20. Solar energy collector

    Science.gov (United States)

    Brin, Raymond L.; Pace, Thomas L.

    1978-01-01

    The invention relates to a solar energy collector comprising solar energy absorbing material within chamber having a transparent wall, solar energy being transmitted through the transparent wall, and efficiently absorbed by the absorbing material, for transfer to a heat transfer fluid. The solar energy absorbing material, of generally foraminous nature, absorbs and transmits the solar energy with improved efficiency.

  1. Flat plate collector. Solarflachkollektor

    Energy Technology Data Exchange (ETDEWEB)

    Raab, N

    1979-03-29

    The invention refers to a flat solar collector with an absorber plate, which is arranged on a support and is covered by a transparent window, between which and the plate there is an air space. The previously known structures of this type had the disadvantage that the thermal expansion of the enclosed air caused considerable difficulties. The purpose of the invention is therefore to create a collector, which can be used on the modular system, retains its properties and is safe in spite of the great temperature variations. According to the invention this problem is solved by providing a compensating space in the collector, which is separated by a diaphragm from the airspace between the plate and the covering window. The airspace therefore remains sealed against the atmosphere, so that no dirt, corrosion of the inside and no condensation can reduce the efficiency of the collector. A rise in pressure due to an increase in temperature is immediately reduced by expansion of the diaphragm, which enters the compensation space. In order to increase the pressure in the airspace above the plate for increases in temperature, the compensation space is connected to the atmosphere. The diaphragm can be mirrored on the side towards the absorber, which makes the diaphragm into an insulating element, as it reflects radiated heat from the absorber.

  2. SE debt restructuring plan

    International Nuclear Information System (INIS)

    Janoska, J.

    2003-01-01

    Slovenske elektrarne, a.s. (SE) plans to restructure one's own debts in 2003-2005. Debt restructuring plan is following: 2003: Collection of pre-payment on electricity - 60 million Euro (2.5 billion Slovak crowns), consumer unknown. Own promissory notes in total value of 100 million US$ (3.5 billion Slovak crowns) - in process. Sale of claims worth 2.4 billion Slovak crowns (57.21 million Euro) - negotiations in process. 2003/2004: Restructuring of loans payable IV. quarter 2003 and at the beginning of 2004 in value of 200 million Euro (8.3 billion Slovak crowns). Aim of SE is a new credit payable within 7 years, with instalments payable in the last two to three without any state subsidies. 2005: Loans worth 460 million Euro (189 billion Slovak crowns) will still remain. SE want to negotiate them with banks without state support

  3. Corporate debt pricing I.

    OpenAIRE

    Ilya, Gikhman

    2007-01-01

    In this article we discuss fundamentals of the debt securities pricing. We begin with a generalization of the present value concept. Though the present value is the base valuation method in the modern finance we will illustrate that this concept does not sufficiently accurate in producing instrument pricing. The incompleteness of the unique present value approach stems from variability of the interest rates. Admitting variability of the interest rates we define two present values one for buye...

  4. Solar collector array

    Science.gov (United States)

    Hall, John Champlin; Martins, Guy Lawrence

    2015-09-06

    A method and apparatus for efficient manufacture, assembly and production of solar energy. In one aspect, the apparatus may include a number of modular solar receiver assemblies that may be separately manufactured, assembled and individually inserted into a solar collector array housing shaped to receive a plurality of solar receivers. The housing may include optical elements for focusing light onto the individual receivers, and a circuit for electrically connecting the solar receivers.

  5. The CERN antiproton collector

    International Nuclear Information System (INIS)

    Autin, B.

    1984-01-01

    The Antiproton Collector is a new ring of much larger acceptance than the present accumulator. It is designed to receive 10 8 antiprotons per PS cycle. In order to be compatible with the Antiproton Accumulator, the momentum spread and the emittances are reduced from 6% to 0.2% and from 200 π mm mrad to 25 π mm mrad respectively. In addition to the ring itself, the new target area and the modifications to the stochastic systems of the Antiproton Accumulator are described. (orig.)

  6. The PKI collector

    Science.gov (United States)

    Rice, M. P.

    1982-07-01

    The design and manufacturing of a solar thermal collector is discussed. The collector has three primary subsystems: concentrator, receiver/fluid loop, and controls. Identical curved reflective columns are utilized in a faceted Fresnel design to support 864 one foot square flat inexpensive second-surface, silvered glass mirrors. The columns are ganged together and rotated through their centers of gravity to provide elevation tracking. The concentrator is supported by a lightweight spaceframe structure which distributes all wind and gravity loads to the base supports. The base of the structure is a track which rotates on wheels mounted on concrete piers. A parallel tube steel heat exchanger is mounted at the concentrator focal area in a well insulated, galvanized steel housing. Two rows of vertical close-packed, staggered tubes connect a mud header and a steam header. Automatic two axis tracking and operational control is provided with a microprocessor based package. Concentrator-mounted shadowbands are the basis for active tracking. A software program provides azimuthal tracking during cloudy periods.

  7. Theoretical study of fluidized solar collector performance

    Energy Technology Data Exchange (ETDEWEB)

    Adulla, S. H; Kassem, M A; El-Refaie, M. F. [Cairo University, Giza (Egypt)

    2000-07-01

    This work presents a proposed novel design aiming to increasing the absorber-to-fluid heat transfer coefficient. This is accomplished by introducing small solid particles inside the collector tubes. When the collector liquid flows, it causes the particles to be fluidized and spread in the tubes. The particles material, size and total number should be turned together with the fluid mass flow rate to keep the bed, or particle dispersion, length within the physical length of collector tubes. Thus, the particles would be confined in the collector only; and not carried over to other parts of the circulation loop. While moving, the particles erode the thermal boundary layer formed on the tube inner surface, hence increasing the heat transfer coefficient. [Spanish] Este articulo presenta un diseno novedoso destinado a aumentar el coeficiente de trasferencia de calor de absorbedor a fluido. Esto se lleva a cabo mediante la introduccion de particulas solidas dentro de los tubos del colector. Cuando fluye el liquido del colector origina que las particulas se fluidicen y se diseminen en los tubos. El material de las particulas, tamano y numero total debera de ser puesto en movimiento junto con el regimen de flujo de masa de fluido para mantener el lecho o la dispersion de particulas por largo tiempo dentro de la longitud fisica de los tubos de colector. De esta manera las particulas seran confinadas solamente en el colector y no seran arrastradas a otras partes del anillo de circulacion. Al moverse, las particulas erosionan la capa de frontera termica formada en la superficie interior del tubo, aumentando por tanto el coeficiente de transmision de calor.

  8. Modelling of Microclimate in collectors

    DEFF Research Database (Denmark)

    Holck, Ole

    1996-01-01

    Abstract It is important to avoid condensation in solar collectors, most of all because wetness of the absorber can damage the selective surface and cause corrosion on the absorber plate. During night time the cover of collectors will cool below ambient temperature due to thermal radiation...

  9. The Growth Opportunity Channel of Debt Structure

    NARCIS (Netherlands)

    Giambona, E.; Golec, J.

    2013-01-01

    This paper studies the importance of growth opportunities for debt structure decisions. High growth firms use more unsecured debt to preserve financial flexibility (in the form of untapped secured debt capacity) in connection with future growth opportunities: the growth opportunity channel of debt

  10. 7 CFR 1951.213 - Debt settlement.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 14 2010-01-01 2009-01-01 true Debt settlement. 1951.213 Section 1951.213 Agriculture... and Grants § 1951.213 Debt settlement. Subpart C of part 1956 of this chapter prescribes policies and procedures for debt settlement actions for loans covered under this subpart when it is determined that a debt...

  11. House Prices and Public Debt

    DEFF Research Database (Denmark)

    Gjedsted Nielsen, Mads; Rzeznik, Aleksandra

    By using the 2002 case of fraud in the Danish municipality Farum by then mayor Peter Brixtofte as an exogenous shock to public debt of 1 billion DKK, I estimate the effect of public debt on house prices. I find that the average home ownership lost about 570,000 DKK or as much as 29% of the average...... house price in the municipality. Furthermore, I document that the aggregate house price loss of 2.1 billion DKK greatly exceeds the increase in public debt of 1 billion DKK. I find that the drop in house prices is sustained 1 year, indicating that the housing market initially overreacts...

  12. Public Debt, Public Investment and Economic Growth in Mexico

    Directory of Open Access Journals (Sweden)

    Isaac Sánchez-Juárez

    2016-03-01

    Full Text Available The primary objective of this article is to answer the following two research questions: has the growing public debt of state governments promoted increased public investment? If the answer is yes, then does any increase in public investment lead to more growth in the Mexican states? Dynamic Models of panel data and the Generalized Method of Moments, with information for 32 states from 1993 to 2012, were used for this purpose. The econometric results confirmed that public debt is positively correlated with public investment and that this in turn generates economic growth. This does not mean that a good economic policy strategy has been followed, since the marginal positive impact of public investment, and therefore the public debt on the production per person, is reduced (1% increase in the interaction between public investment and public debt variable causes a 0.0005% increase in economic growth. This suggests deviations from the debt contracted for purposes other than production, which could lead to a situation of unsustainability of state public finances in the medium term.

  13. Debt Maturity: Is Long-Term Debt Optimal?

    OpenAIRE

    Laura Alfaro; Fabio Kanczuk

    2007-01-01

    We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity premium, sustainability, and service smoothing. We use a dynamic equilibrium model with tax distortions and government outlays uncertainty, and model maturity as the fraction of debt that needs to be rolled over every period. In the model, the benefits of defaulting are tempered by higher future interest rates. We then calibrate our artificial economy and solve fo...

  14. LHCb Tag Collector

    International Nuclear Information System (INIS)

    Fernández, Paloma Fuente; Clemencic, Marco; Cousin, Nicolas

    2011-01-01

    The LHCb physics software consists of hundreds of packages, each of which is developed by one or more physicists. When the developers have some code changes that they would like released, they commit them to the version control system, and enter the revision number into a database. These changes have to be integrated into a new release of each of the physics analysis applications. Tests are then performed by a nightly build system, which rebuilds various configurations of the whole software stack and executes a suite of run-time functionality tests. A Tag Collector system has been developed using solid standard technologies to cover both the use cases of developers and integration managers. A simple Web interface, based on an AJAX-like technology, is available. Integration with SVN and Nightly Build System, is possible via a Python API. Data are stored in a relational database with the help of an ORM (Object-Relational Mapping) library.

  15. Advanced evacuated tube collectors

    Science.gov (United States)

    Schertz, W. W.; Hull, J. R.; Winston, R.; Ogallagher, J.

    1985-04-01

    The essence of the design concept for these new collectors is the integration of moderate levels of nonimaging concentration inside the evacuated tube itself. This permanently protects the reflection surfaces and allows the use of highly reflecting front surface mirrors with reflectances greater than 95%. Previous fabrication and long term testing of a proof-of-concept prototype has established the technical success of the concept. Present work is directed toward the development of a manufacturable unit that will be suitable for the widest possible range of applications. Design alternatives include scaling up the original prototype's tube diameter from 5 cm to 10 cm, using an internal shaped metal concentrating reflector, using a variety of profile shapes to minimize so-called gap losses and accommodate both single ended and double-ended flow geometries, and allowing the use of heat pipes for the absorber tube.

  16. The Greek public debt problem

    Directory of Open Access Journals (Sweden)

    Michalis Nikiforos

    2016-12-01

    Full Text Available The present paper examines the issue of the Greek public debt. After providing a historical discussion, we show that the austerity of the last six years has been unsuccessful in stabilizing the debt while, at the same time, it has taken a heavy toll on the economy and society. The recent experience shows that the public debt is unsustainable and therefore a restructuring is needed. An insistence on the current policies is not justifiable either on pragmatic or on moral or any other grounds. The experience of Germany in the early post-WWII period provides some useful hints for the way forward. A solution to the public debt problem is a necessary but not sufficient condition for the solution of the Greek and European crisis. A wider agenda that deals with the malaises of the Greek economy and the structural imbalances of the Eurozone is of vital importance.

  17. 75 FR 68956 - Debt Collection

    Science.gov (United States)

    2010-11-10

    ... and procedure, Debt collection. Authority and Issuance 0 Accordingly, for the reasons stated in the..., divorce, death, or disability. (2) The request for special review must include an alternative proposed...

  18. Current collectors for improved safety

    Science.gov (United States)

    Abdelmalak, Michael Naguib; Allu, Srikanth; Dudney, Nancy J.; Li, Jianlin; Simunovic, Srdjan; Wang, Hsin

    2017-12-19

    A battery electrode assembly includes a current collector with conduction barrier regions having a conductive state in which electrical conductivity through the conduction barrier region is permitted, and a safety state in which electrical conductivity through the conduction barrier regions is reduced. The conduction barrier regions change from the conductive state to the safety state when the current collector receives a short-threatening event. An electrode material can be connected to the current collector. The conduction barrier regions can define electrical isolation subregions. A battery is also disclosed, and methods for making the electrode assembly, methods for making a battery, and methods for operating a battery.

  19. AEROSOL PARTICLE COLLECTOR DESIGN STUDY

    Energy Technology Data Exchange (ETDEWEB)

    Lee, S; Richard Dimenna, R

    2007-09-27

    A computational evaluation of a particle collector design was performed to evaluate the behavior of aerosol particles in a fast flowing gas stream. The objective of the work was to improve the collection efficiency of the device while maintaining a minimum specified air throughput, nominal collector size, and minimal power requirements. The impact of a range of parameters was considered subject to constraints on gas flow rate, overall collector dimensions, and power limitations. Potential improvements were identified, some of which have already been implemented. Other more complex changes were identified and are described here for further consideration. In addition, fruitful areas for further study are proposed.

  20. Four-collector flux sensor

    International Nuclear Information System (INIS)

    Wiegand, W.J. Jr.; Bullis, R.H.; Mongeon, R.J.

    1980-01-01

    A flowmeter based on ion drift techniques was developed for measuring the rate of flow of a fluid through a given cross-section. Ion collectors are positioned on each side of an immediately adjacent to ion source. When air flows axially through the region in which ions are produced and appropriate electric fields are maintained between the collectors, an electric current flows to each collector due to the net motion of the ions. The electric currents and voltages and other parameters which define the flow are combined in an electric circuit so that the flux of the fluid can be determined. (DN)

  1. Consequences of Debt Capitalization: Property Ownership and Debt/Tax Choice

    OpenAIRE

    Reiner Eichenberger; David Stadelmann

    2009-01-01

    Public debts capitalize into property prices. Therefore, property owners tend to favor tax over debt financing for government spending. In contrast, tenants do not suffer from debt capitalization. Thus, they tend to favor debt over tax financing. Our model of the resulting democratic fight between property owners and tenants over public debts and taxes predicts that the property ownership rate in a jurisdiction negatively effects the debt level. We provide empirical support for this hypothesi...

  2. Turned on/turned off

    DEFF Research Database (Denmark)

    Petersen, Eva Bendix

    2016-01-01

    position, it attempts to sense into the lived experience of being subject to, and of, turns in social theory. As a whole the paper seeks to work with and allow for multiplicity in tone, focus, researcher positioning, reader positioning, and more, to see what knowledge that does not seek confident closure......Through cacophonic story-telling, emerging from ethnographic observations from academic scenes in Australia and elsewhere, the article seeks to explore the timeliness and untimeliness of feminist knowledge production. Rather than arguing a particular point or making a claim for a particular...

  3. New collectors from all over the world

    Energy Technology Data Exchange (ETDEWEB)

    Augsten, Eva

    2008-07-01

    Flat-plate collectors are fashionable, even among customers in Shanghai, although China is considered the land of evacuated tubes. Elsewhere, fashion is also a consideration, which partly explains the switch from fin collectors to full-surface collectors. Sun and Wind Energy has put together a list of new collectors from various countries. (orig.)

  4. Design package for concentrating solar collector panels

    Energy Technology Data Exchange (ETDEWEB)

    1978-08-01

    Information used to evaluate the design of the Northrup concentrating collector is presented. Included are the system performance specifications, the applications manual, and the detailed design drawings of the collector. The Northrup concentrating solar collector is a water/glycol/working fluid type, dipped galvanized steel housing, transparent acrylic Fresnel lens cover, copper absorber tube, fiber glass insulation and weighs 98 pounds. The gross collector area is about 29.4/sup 2/ per collector. A collector assembly includes four collector units within a tracking mount array.

  5. Romanians’ Public Debts Saga

    Directory of Open Access Journals (Sweden)

    Monica SUSANU

    2010-12-01

    Full Text Available By the end of 2009, a very cold breath of austerity was blowing from the European financial and banking system and thoroughly was touching every Member State’s economy, but only for some of them perspective of this severe situation is called bankruptcy frequently. By the spring of this year (2010 – author’s note, Greece’s financial problems set all the Europeans governments on fire and, according on the most worrying news alerts, Germany was terribly angry and eager to treat this country as an undisciplined schoolchild. Many and heavy financial disasters are forecast for other countries as well, and it seems that Spain’s, Portugal’s or Italy’s Mediterranean structure and behaviour would be the reason, since these countries are in pretty identical trouble just like Greece. The ex-communist recently EU Member States, that are united into the so-called platoon of the emergent economies, rapidly detected their own vulnerabilities and their well-known resources leakages. Then, in the old-time verified and practiced tradition of “cuts and poverty under oppression” which communism taught them well, they were abruptly compelled to conform and to adopt dreadful austerity measures. Although among them, Romania is again a special case, taking into account but the heavy burden of the 80’s unbelievable sacrifices and privations, which the population endured because of the totalitarian decision of paying its whole debt. The paper reveals and analyses that, despite the actual context and the political circumstances which are totally different, Romania applied an unprecedentedly severe plan of cuts and privations, installing a general and bitter sensation of déjà-vu, instead of living and feeling the European membership status!

  6. Solar radiation on a catenary collector

    Science.gov (United States)

    Crutchik, M.; Appelbaum, J.

    1992-01-01

    A tent-shaped structure with a flexible photovoltaic blanket acting as a catenary collector is presented. The shadow cast by one side of the collector produces a shadow on the other side of the collector. This self-shading effect is analyzed. The direct beam, the diffuse, and the albedo radiation on the collector are determined. An example is given for the insolation on the collector operating on Viking Lander 1 (VL1).

  7. Design package for concentrating solar collector panels

    Science.gov (United States)

    1978-01-01

    Information used to evaluate the design of the Northrup concentrating collector is presented. Included are the system performance specifications, the applications manual, and the detailed design drawings of the collector. The collector is a water/glycol/working fluid type, with a dipped galvanized steel housing, transparent acrylic Fresnel lens cover, copper absorber tube, and fiber glass insulation. It weights 98 pounds. A collector assembly includes four collector units within a tracking mount array.

  8. A distributed garbage collector for active objects

    OpenAIRE

    Puaut , Isabelle

    1993-01-01

    This paper introduces an algorithm that performs garbage collection in distributed systems of active objects (i.e., objects having their own threads of control). The proposed garbage collector is made of a set of local garbage collectors, one per node, loosely coupled to a global garbage collector. The novelties of the proposed garbage collector come from the fact that local garbage collectors need not be synchronized with each other for detecting garbage objects and that faulty communication...

  9. Dynamic Capital Structure with Callable Debt and Debt Renegotiations

    DEFF Research Database (Denmark)

    Christensen, Peter Ove; Flor, Christian Riis; Lando, David

    2014-01-01

    We consider a dynamic trade-off model of a firm’s capital structure with debt renegotiation. Debt holders only accept restructuring offers from equity holders backed by threats which are in the equity holders’ own interest to execute. Our model shows that in a complete information model in which...... taxes and bankruptcy costs are the only frictions, violations of the absolute priority rule (APR) are typically optimal. The size of the bankruptcy costs and the equity holders’ bargaining power affect the size of APR violations, but they have only a minor impact on the choice of capital structure....

  10. Sovereign debt threatens the Union: the genesis of a federation

    NARCIS (Netherlands)

    Loubert, A.

    2012-01-01

    Eurozone sovereign debt crisis - Europe's ‘Alexander Hamilton Moment’ - American sovereign debt crisis of 1780s - Articles of Confederation - U.S. Constitution - Assumption of states' debt - Constitutional transformation key factor in enabling Alexander Hamilton's debt restructuring.

  11. Challenges experienced by debt counsellors in Gauteng

    Directory of Open Access Journals (Sweden)

    Kgomotso Masilo

    2015-09-01

    Full Text Available Gauteng, Province of South Africa is experiencing a decreasing number of registered and practising debt counsellors. This paper investigates and assesses the challenges that debt counsellors in Gauteng experiences. Fifteen debt counsellors from three municipalities of Gauteng were interviewed. Data was analysed using ATLAS ti. The paper concluded that though debt counsellors are complying with the regulations in rendering debt counselling service, they still had challenges regarding backlogs in debt review. The paper recommends that debt counsellors should be adequately trained and should restructure their rehabilitation methods on the one hand and the National Credit Regulator should monitor debt counsellors’ practices and assist them with their queries on the other hand.

  12. Determinants of debt rescheduling in Eastern European countries

    Directory of Open Access Journals (Sweden)

    Laušev Jelena

    2011-01-01

    Full Text Available This study utilizes Panel Logit Models applied to a set of macroeconomic, financial, and political variables to estimate the debt rescheduling probabilities of 15 Eastern European countries during the transition period from 1990-2005. These transition economies became a very attractive region for foreign investment. Specifically, the region became the largest recipient of net non-FDI flows among all emerging market regions in 2005. Therefore, it is relevant for policy makers and institutional and private foreign investors to investigate factors that influence debt rescheduling probabilities, as these may directly affect the size of and return on investments in these countries. Our findings suggest that policy efforts focused on reducing government expenditure, attracting foreign direct investment, increasing export revenues, and keeping a good repayment record result in low debt rescheduling probabilities and, in turn, decrease the cost of debt for these countries. This is a common finding for all countries in the sample, including those that have become EU members.

  13. Public Debt and Economic Growth in Malaysia

    OpenAIRE

    Siew-Peng Lee; Yan-Ling Ng

    2015-01-01

    Public debt in the Malaysia increased because of fiscal expansions. This study examines whether public debt contributed to the economic growth in Malaysia over the period 1991 to 2013. It also examines whether other indicators of debt burden, such as budget deficit, budget expenditure, and external debt service and government consumption, have an impact on economic growth. The results of this study are consistent with the existing literature that found a negative association between diet and ...

  14. Debt Boundaries Matter: Evidence From The Subsidiary Debt

    NARCIS (Netherlands)

    Altieri, M.

    2017-01-01

    I exploit the introduction of an accounting reform in the US to investigate whether the presence of subsidiary debt affects the cost of borrowing of conglomerates. The accounting reform forces some firms to restate from standalone firms (declaring one segment unit) to conglomerates (declaring

  15. 7 CFR 1782.20 - Debt Settlement.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Debt Settlement. 1782.20 Section 1782.20 Agriculture... (CONTINUED) SERVICING OF WATER AND WASTE PROGRAMS § 1782.20 Debt Settlement. Pursuant to 7 U.S.C. 1981, this section prescribes policies for debt settlement of Water and Waste Disposal loans; Watershed loans and...

  16. 7 CFR 1951.894 - Debt settlement.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 14 2010-01-01 2009-01-01 true Debt settlement. 1951.894 Section 1951.894 Agriculture... REGULATIONS (CONTINUED) SERVICING AND COLLECTIONS Rural Development Loan Servicing § 1951.894 Debt settlement. Debt settlement of all claims will be handled in accordance with the Federal Claims Collection...

  17. Executive Compensation and the Cost of Debt

    NARCIS (Netherlands)

    Kabir, Mohammed Rezaul; Li, Hao; Veld-Merkoulova, Yulia V.

    2010-01-01

    We examine how executive compensation affects the cost of debt financing. Analyzing CEO pay data from the UK, we find that debt-like and equity-like pay components have opposite effects on the cost of debt. An increase in defined benefit pensions is associated with lower bond yield spread, while an

  18. 42 CFR 413.178 - Bad debts.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 2 2010-10-01 2010-10-01 false Bad debts. 413.178 Section 413.178 Public Health...) Services and Organ Procurement Costs § 413.178 Bad debts. Link to an amendment published at 75 FR 49199, Aug. 12, 2010. (a) CMS will reimburse each facility its allowable Medicare bad debts, as defined in...

  19. Addressing Student Debt in the Classroom

    Science.gov (United States)

    Perkins, David; Johnston, Tim; Lytle, Rick

    2016-01-01

    Student debt is a national concern. The authors address debt in the classroom to enhance students' understanding of the consequences of debt and the need for caution when financing their education. However, student feedback indicates this understanding has a delayed effect on borrowing behavior and underscores the importance of making difficult…

  20. Cumulative Student Loan Debt in Minnesota, 2015

    Science.gov (United States)

    Williams-Wyche, Shaun

    2016-01-01

    To better understand student debt in Minnesota, the Minnesota Office of Higher Education (the Office) gathers information on cumulative student loan debt from Minnesota degree-granting institutions. These data detail the number of students with loans by institution, the cumulative student loan debt incurred at that institution, and the percentage…

  1. The Odiousness of Greek Debt in Light of the Findings of the Greek Debt Truth Committee

    OpenAIRE

    Bantekas, I; Vivien, Renaud

    2016-01-01

    Unlike the popular narrative, which suggests that the Greek debt crisis was the result of lavish spending, this article demonstrates that the ‘crisis’ was generated by a transformation of purely private debt into public debt. This finding is supported by the preliminary report of the Greek Parliamentary Committee on the Truth of the Greek Debt, which clearly demonstrated the exponential increase of private debt in Greece risked the collapse of the private financial institutions exposed to it,...

  2. Performance of evaporator-collector and air collector in solar assisted heat pump dryer

    International Nuclear Information System (INIS)

    Hawlader, M.N.A.; Rahman, S.M.A.; Jahangeer, K.A.

    2008-01-01

    A solar assisted heat pump dryer has been designed, fabricated and tested. This paper presents the performance of the evaporator-collector and the air collector when operated under the same meteorological conditions. ASHRAE standard procedure for collector testing has been followed. The evaporator-collector of the heat pump is acting directly as the solar collector, and the temperature of the refrigerant at the inlet to the evaporator-collector always remained below the ambient temperature. Because of the rejection of sensible and latent heats of air at the dehumidifier, the temperature at the inlet to the air collector is lower than that of the ambient air. Hence, the thermal efficiency of the air collector also increases due to a reduction of losses from the collector. The efficiencies of the evaporator-collector and the air collector were found to vary between 0.8-0.86 and 0.7-0.75, respectively, when operated under the meteorological conditions of Singapore

  3. Ecology: The Tropical Deforestation Debt.

    Science.gov (United States)

    Norris, Ken

    2016-08-22

    Tropical deforestation is a significant cause of global carbon emissions and biodiversity loss. A new study shows that deforestation today leaves a carbon and biodiversity debt to be paid over subsequent years. This has potentially profound implications for forest conservation. Copyright © 2016 Elsevier Ltd. All rights reserved.

  4. ADVANCED HYBRID PARTICULATE COLLECTOR

    Energy Technology Data Exchange (ETDEWEB)

    Ye Zhuang; Stanley J. Miller; Michelle R. Olderbak; Rich Gebert

    2001-12-01

    A new concept in particulate control, called an advanced hybrid particulate collector (AHPC), is being developed under funding from the U.S. Department of Energy. The AHPC combines the best features of electrostatic precipitators (ESPs) and baghouses in an entirely novel manner. The AHPC concept combines fabric filtration and electrostatic precipitation in the same housing, providing major synergism between the two methods, both in the particulate collection step and in transfer of dust to the hopper. The AHPC provides ultrahigh collection efficiency, overcoming the problem of excessive fine-particle emissions with conventional ESPs, and solves the problem of reentrainment and re-collection of dust in conventional baghouses. Phase I of the development effort consisted of design, construction, and testing of a 5.7-m{sup 3}/min (200-acfm) working AHPC model. Results from both 8-hr parametric tests and 100-hr proof-of-concept tests with two different coals demonstrated excellent operability and greater than 99.99% fine-particle collection efficiency. Since all of the developmental goals of Phase I were met, the approach was scaled up in Phase II to a size of 255 m{sup 3}/min (9000 acfm) (equivalent in size to 2.5 MW) and was installed on a slipstream at the Big Stone Power Plant. For Phase II, the AHPC at Big Stone Power Plant was operated continuously from late July 1999 until mid-December 1999. The Phase II results were highly successful in that ultrahigh particle collection efficiency was achieved, pressure drop was well controlled, and system operability was excellent. For Phase III, the AHPC was modified into a more compact configuration, and components were installed that were closer to what would be used in a full-scale commercial design. The modified AHPC was operated from April to July 2000. While operational results were acceptable during this time, inspection of bags in the summer of 2000 revealed some membrane damage to the fabric that appeared to be

  5. Money, Debt, People and Planet

    Directory of Open Access Journals (Sweden)

    Jakob von Uexkull

    2012-10-01

    Full Text Available The widespread failure to understand money creation plays a key role in the current policy impasse. In a world ruled by money, this failure disempowers and prevents serious consideration of alternatives. The key reasons why we are not moving faster in tackling the global crises are, we are told, because it is too expensive, there is not enough money, it is not (yet profitable enough to do etc. Within the current global monetary framework, this is largely true. Therefore, any realistic plan to change course before we are overwhelmed by the inter-linked environmental, social and security threats facing us, is to change this framework to ensure that money becomes our servant again. The current debt crisis offers an opportunity to replace discredited debt-based money created by private banks in their interest with government-created debt-free money benefitting all, which can be used to fund a global emergency programme.“We know now that government by organised money is just as dangerous as government by organised mob.” — President F.D. Roosevelt, 31.10.36“The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending. Why is such privatisation of a public function right and proper, but action by the central bank to meet pressing public need, a road to catastrophe?” — Martin Wolf, ‘Financial Times’, 9.11.10“The obvious way to reduce our public and private debts is to stop having all our money created as debt.” — James Robertson, ‘Future Money’

  6. Installation package for concentrating solar collector panels

    Science.gov (United States)

    1978-01-01

    The concentrating solar collector panels comprise a complete package array consisting of collector panels using modified Fresnel prismatic lenses for a 10 to 1 concentrating ratio, supporting framework, fluid manifolding and tracking drive system, and unassembled components for field erection.

  7. Investigations on efficiencies of HT solar collectors for different flow rates and collector tilts

    DEFF Research Database (Denmark)

    Chen, Ziqian; Perers, Bengt; Furbo, Simon

    2013-01-01

    Two HT solar collectors for solar heating plants from Arcon Solvarme A/S are tested in a laboratory test facility for solar collectors at Technical University of Denmark (DTU). The collectors are designed in the same way. However, one solar collector is equipped with an ETFE foil between the abso......Two HT solar collectors for solar heating plants from Arcon Solvarme A/S are tested in a laboratory test facility for solar collectors at Technical University of Denmark (DTU). The collectors are designed in the same way. However, one solar collector is equipped with an ETFE foil between...... the absorber and the cover glass and the other is without ETFE foil. The efficiencies for the collectors are tested at different flow rates and tilt. On the basis of the measured efficiencies, the efficiencies for the collectors as functions of flow rates are obtained. The calculated efficiencies are in good...

  8. PUBLIC DEBT DETERMINANTS IN ALBANIA

    Directory of Open Access Journals (Sweden)

    Edlira Kalaja

    2015-10-01

    Full Text Available State budget is one of the most important instruments where the government reflects its future policies, priorities and commitments. Its reading in recent years clearly shows the increased size of public debt beyond the upper limit of 60% of GDP, in many countries including Albania. This fact constitutes analarming trend signaled even by many international financial institutions. However, the worldwide increasing levels of budget deficits and public debtsare not accidental. Through this article we aim to explore the relationships that exists between different determinants such as governance, social and economic variables that directly affect the size of public debt in Albania, where demographic factors are noted as the main contributors, followed by political systems along with various economic developments that the country has experienced in years.

  9. PUBLIC DEBT SUSTAINABILITY ANALYSIS: EU CASE

    Directory of Open Access Journals (Sweden)

    Botoc Claudiu

    2011-07-01

    Full Text Available The global crisis has caused a serious fiscal deterioration that leaves the world economy with serious challenges. In many developed markets as well as in a few emerging markets (Emerging markets public finances have already become, or are at least at risk of becoming, unsustainable. Commonly, public debt sustainability is defined as a sovereign's ability to service debt without large adjustments to public revenue and/or expenditure and without ever-increasing public-debt-to-GDP ratios. Hence, this definition refers to both a country's ability and willingness to repay its debt. We also have to add the fact that there isn`t an universal accepted definition of fiscal or debt sustainability. In light of the growing public debt, the issue of debt sustainability has increasingly attracted attention. In this paper we analyse public debt sustainability scenario in EU economies. At least half of the EU countries will have to implement stringent fiscal consolidation programmes over the next few years in order to prevent already high public-debt-to-GDP ratios from a further significant rise, also the case of Romania. However, drastic fiscal policy adjustment may be not feasible in the short term and hence public debt is likely to grow further. In some scenarios the public-debt-to-GDP ratio is predicted to soar to 133% in 2020, from just over 100% in 2010. By contrast, nearly all EM countries, including major economies, appear to be well positioned to stabilise or even outgrow their current debt ratios without drastic fiscal adjustment. Institutional improvements may help European countries to maintain fiscal credibility. In light of the future fiscal challenges, many European governments may introduce new or more effective national debt limits, similar to those put in place in the past with good results by some Emerging markets. Such institutional reforms could help to insulate fiscal policies from political pressure and to anchor financial market

  10. THERMAL PERFORMANCE OF FLAT PLATE SOLAR COLLECTOR

    Directory of Open Access Journals (Sweden)

    TABET I.

    2017-06-01

    Full Text Available In this paper, a theoretical and experimental studyof flat platesolar water collector with reflectors.A mathematical model based on energy balance equations saw the thermal behavior of the collector is investigated. The experimental test was made at the unit research applies in renewable energy (URAER located in southern Algeria.An increase of 23% for solar radiation incident on the collector surface with the addition of the planers reflectors in the day of May, this increase causes an improvement of the performance of the collector,the fluid temperature increases with an average of 5%. Thetests conducted on the flat plate solar water collector in open circuit enabled the determination of thermal performance of the collector by estimating the daily output The thermal efficiency of the collector ranges from 1% -63% during the day, a mean value of 36%obtained.

  11. Determinants of Complexity of Sovereign Debt Negotiation

    Directory of Open Access Journals (Sweden)

    Lidia Mesjasz

    2016-07-01

    Full Text Available The situation on all kinds of financial markets is determined by their increasing complexity. Negotiation of sovereign debt is also a complex endeavor. Its complexity results both from structural characteristics - number of actors, problems of coordination, communication, cooperation and conflict and from cognitive limitations. The survey of literature on sovereign debt management shows that no research has been done on complexity of sovereign debt management, and sovereign debt negotiation in particular. The aim of the paper is to provide initial framework concepts of complexity of sovereign debt restructuring negotiation referring to a universal collection of characteristics of negotiation. A model of debt restructuring negotiation is elaborated and a set of its complexity- related characteristics is proposed.

  12. Financial Audit: Bureau of the Public Debt's Fiscal Years 2001 and 2000 Schedules of Federal Debt

    National Research Council Canada - National Science Library

    2002-01-01

    The accompanying auditor's report presents the results of our audits of the Schedules of Federal Debt Managed by the Bureau of the Public Debt for the fiscal years ended September 30, 2001 and 2000...

  13. Collector ring project at FAIR

    International Nuclear Information System (INIS)

    Dolinskii, A; Blell, U; Dimopoulou, C; Gorda, O; Leibrock, H; Litvinov, S; Laier, U; Schurig, I; Weinrich, U; Berkaev, D; Koop, I; Starostenko, A; Shatunov, P

    2015-01-01

    The collector ring is a dedicated ring for fast cooling of ions coming from separators at the FAIR project. To accommodate optimal technical solutions, a structure of a magnet lattice was recently reviewed and modified. Consequently, more appropriate technical solutions for the main magnets could be adopted. A general layout and design of the present machine is shown. The demanding extraction schemes have been detailed and open design issues were completed. (paper)

  14. Sustainability of Government Debt in Sri Lanka

    Directory of Open Access Journals (Sweden)

    OG Dayaratna-Banda

    2014-07-01

    Full Text Available This paper examines the impact of government budget deficit on debt sustainability in Sri Lanka by using a novel methodological approach. The study used annual time series data from 1960 to 2012 in Sri Lanka for empirical testing. Sustainability of government debt is tested by using face value, market value and discounted market value of government debt as a proportion of GDP. Discounted market value of debt to GDP ratio was calculated using weighted average interest rate. Results of Augmented Dickey Fuller and Phillips-Perron tests indicate that debt ratios are non-stationary implying the existence of an unsustainable debt outlook. Results of the Chow test, employed to test if a structural break can be observed in 1978 as a result of moving away from the command economy to a market-oriented economy, indicate that the policy change has not led to have any fixed change in the mean of debt serials. The results compel us to conclude that public debt in Sri Lankan is not sustainable, so that a switch is required from foreign debt to other sources of financing of fiscal deficit or deficit reduction.

  15. Iraq's Debt Relief: Procedure and Potential Implications for International Debt Relief

    National Research Council Canada - National Science Library

    Weiss, Martin A

    2009-01-01

    .... Reducing this debt to a sustainable level has been a priority of the U.S. government. Since 2003, debt relief negotiations have taken place in a variety of fora and led to the cancellation of a significant amount of Iraq's external debt...

  16. Assessing debt sustainability in a stochastic environment: 200 years of Dutch debt and deficit management

    NARCIS (Netherlands)

    van Wijnbergen, S.; France, A.

    2012-01-01

    When debt levels approach critical levels, tax payers may revolt against the associated debt service burden. Funding problems may arise in capital markets when lenders anticipate such revolts and refuse to participate in debt auctions. We provide a stochastic framework to assess whether such

  17. The Crisis of the Sovereign Debt - Interdependencies, Responsibilities and Risks

    Directory of Open Access Journals (Sweden)

    Georgeta Dragomir

    2015-05-01

    Full Text Available The increase of government debt continues and maintains the financial crisis as an additional risk factor at national, regional or global level. The causes which lead to the raise of the national debt can be found in the effects of a major crisis but, in turn, this phenomenon feeds imbalances generating economic and financial crisis. The importance of this topic is defined by its magnitude and dynamics, in the long-term effects on the economy, finances, policies and, ultimately, on the completeness of a state. Solutions are available to the national public authorities in the context of regional policy, but they are circumscribed also to the imperatives imposed by the international lenders. Not infrequently, their efficiency was affected by subjective factors, along with the lack of preventive actions or of proper long-term vision. There have been made references to the analysis of international bodies or financial authorities, at authors dedicated to this complex problem. As method of approach we have used the bibliographic study, processing and analysis of data, and previous researches. The results are the analysis and explanation of specific developments of sovereign debt crisis, of interactions, highlighting the effects and solutions. The research is an important basis for specialists, public authorities and academics. As value, the work is a synthesis and a comparative analysis so as to identify trends, responsibilities and solutions.

  18. Exergy analysis of photovoltaic solar collector

    International Nuclear Information System (INIS)

    Sopian, K.; Othman, M.Y.Hj.

    1998-01-01

    The exergy analysis (availability or second law analysis) is applied to the photovoltaic thermal solar collector. Photovoltaic thermal collector is a special type of solar collector where electricity and heat are produced simultaneously. The electricity produced from the photovoltaic thermal collector is all converted into useful work. The available quantity of the heat collected can readily be determined by taking into account both the quantity (heat quantity) and quality ( a function of temperature) of the thermal energy. Therefore, using the concept of exergy allows heat produced from the thermal collector and the electricity generated from the photovoltaic cells to be compared or to be evaluated on the basis of a common measure such as the effectiveness on solar energy collection or the total amount of available energy. In this paper, the effectiveness of solar energy collection is called combined photovoltaic thermal exergy efficiency. An experimental setup of a double pas photovoltaic thermal solar collector has been deigned, fabricated and tested. (author)

  19. PV-hybrid and thermoelectric collectors

    Energy Technology Data Exchange (ETDEWEB)

    Rockendorf, G.; Sillmann, R. [Institut fuer Solarenergieforschung GmbH, Emmerthal (Germany); Podlowski, L.; Litzenburger, B. [SolarWerk GmbH, Teltow (Germany)

    1999-07-01

    Two different principles of thermoelectric cogeneration solar collectors have been realized and investigated. Concerning the first principle, the thermoelectric collector (TEC) delivers electricity indirectly by first producing heat and subsequently generating electricity by means of a thermoelectric generator. Concerning the second principle, the photovoltaic-hybrid collector (PVHC) uses photovoltaic cells, which are cooled by a liquid heat-transfer medium. The characteristics of both collector types are described. Simulation modules have been developed and implemented in TRNSYS 14.1 (1994), in order to simulate their behaviour in typical domestic hot-water systems. The discussion of the results shows that the electric output of the PV-hybrid collector is significantly higher than that of the thermoelectric collector. (author)

  20. Central bank independence and public debt policy

    NARCIS (Netherlands)

    Beetsma, R.M.W.J.; Bovenberg, A.L.

    1997-01-01

    The various proposals for the institutional design of the European Monetary Union have drawn fresh attention to the link between monetary and public debt policies. This paper explores the strategic interaction between fiscal authorities setting public debt and the central bank controlling monetary

  1. Executive Compensation and the Cost of Debt

    NARCIS (Netherlands)

    Kabir, Rezaul; Liu, Hao; Veld-Merkoulova, Yulia V.

    2013-01-01

    This study examines how different components of executive compensation affect the cost of debt. We find that debt-like and equity-like pay components have differing effects: an increase in defined benefit pensions is associated with lower bond yield spread, while higher share holdings lead to higher

  2. About the debt to the Pension Fund

    CERN Multimedia

    Association du personnel

    2006-01-01

    At the Finance Committee meeting on 15 March 2006, the Management tabled a document for the Delegations' attention concerning CERN's debt to the Pension Fund. In view of the interest rates currently on the market, the Management proposes to reimburse this debt by taking out a bank loan.

  3. 19 CFR 351.508 - Debt forgiveness.

    Science.gov (United States)

    2010-04-01

    ... Duties INTERNATIONAL TRADE ADMINISTRATION, DEPARTMENT OF COMMERCE ANTIDUMPING AND COUNTERVAILING DUTIES Identification and Measurement of Countervailable Subsidies § 351.508 Debt forgiveness. (a) Benefit. In the case of an assumption or forgiveness of a firm's debt obligation, a benefit exists equal to the amount of...

  4. Public debt, secular stagnation and functional finance

    DEFF Research Database (Denmark)

    Skott, Peter

    2016-01-01

    Fiscal policy and public debt may be required to maintain full employment and avoid secular stagnation. This conclusion emerges from a range of different models, including OLG specifications and stock-flow consistent (post-) Keynesian models. One of the determinants of the required long-run debt ...

  5. State debt dynamics: the methodological aspect

    Directory of Open Access Journals (Sweden)

    Crijanovschi Stela

    2013-02-01

    Full Text Available In this article, it’s presented the methodological aspect of the state debt. The issue of supplementary money in order to cover the state debt is one of the factors that generate inflation, which respectively has a negative impact on the economic development

  6. STATE DEBT DYNAMICS: THE METHODOLOGICAL ASPECT

    Directory of Open Access Journals (Sweden)

    Stela CRIJANOVSCHI

    2013-02-01

    Full Text Available In this article, it’s presented the methodological aspect of the state debt. The issue of supplementary money in order to cover the state debt is one of the factors that generate inflation, which respectively has a negative impact on the economic development.

  7. Standardized performance tests of collectors of solar thermal energy: Prototype moderately concentrating grooved collectors

    Science.gov (United States)

    1976-01-01

    Prototypes of moderately concentrating grooved collectors were tested with a solar simulator for varying inlet temperature, flux level, and incident angle. Collector performance is correlated in terms of inlet temperature and flux level.

  8. Depressed collectors for millimeter wave gyrotrons

    International Nuclear Information System (INIS)

    Singh, A.; Granatstein, V.L.

    1992-01-01

    The main issues relating to design of depressed collectors for millimeter wave gyrotrons are discussed. A flow diagram is presented and the interlinking steps are outlined. Design studies are given for two kinds of gyrotrons on which severe constraints on the maximum radii of the collectors had been imposed; namely, for a cavity type and a quasi-optical gyrotron. A collector efficiency of the order of 70 percent is shown to be feasible for either case using careful tailoring of magnetic field profiles. A code has been developed to assist in doing this. A general approach toward initial placement of collectors has been indicated

  9. Rising hopes for vacuum tube collectors

    Energy Technology Data Exchange (ETDEWEB)

    Godolphin, D.

    1982-06-01

    The performance, feasibility and use of vacuum tube solar collectors for domestic hot water (DHW) systems are discussed. An introduction to the design of vacuum tube collectors is presented and comparisons are made with flat plate collectors in terms of effectiveness in DHW applications and cost. The use of vacuum tube collectors is well established for high temperature use such as process heat and absorption cooling applications; there is considerable debate concerning their use in DHW and these arguments are presented. It is pointed out that the accepted standardized comparison test (ASHRAE 93-77) is apparently biased towards the flat plate collectors in direct comparisons of collector efficiencies. Recent developments among manufacturers with regard to vacuum tube collectors and their thinking (pro and con) are discussed in some detail. Breakage and other problems are pointed out although advocates look ahead to lower costs, higher efficiencies, and broader markets (particularly in DHW). It is concluded by some that flat plate collector technology has reached its peak and that vacuum tube collectors will be very prominent in the future. (MJJ)

  10. Government debt in Greece: An empirical analysis

    Directory of Open Access Journals (Sweden)

    Gisele Mah

    2014-06-01

    Full Text Available Greek government debt has been increasing above the percentage stated in the growth and stability path from 112.9% in 2008 to 175.6% in 2013. This paper investigates the determinants of the general government debt in Greek by means of Vector Error Correction Model framework, Variance Decomposition and Generalized Impulse Response Function Analysis. The analysis showed a significant negative relationship between general government debt and government deficit, general government debt and inflation. Shocks to general government and inflation will cause general government debt to increase. Government deficit should be increased since there is gross capital formation included in its calculation which could be invested in income generating projects. The current account balance should be reduced by improving the net trade balance.

  11. Public Debt, Corruption and Sustainable Economic Growth

    Directory of Open Access Journals (Sweden)

    Eunji Kim

    2017-03-01

    Full Text Available There are many studies that look into the relationship between public debt and economic growth. It is hard to find, however, research addressing the role of corruption between these two variables. Noticing this vacancy in current literature, we strive to investigate the effect of corruption on the relationship between public debt and economic growth. For this purpose, the pooled ordinary least squares (OLS, fixed effects models and the dynamic panel generalized method of moments (GMM models (Arellano-Bond, 1991 are estimated with data of 77 countries from 1990 to 2014. The empirical results show that the interaction term between public debt and corruption is statistically significant. This confirms the hypothesis that the effect of public debt on economic growth is a function of corruption. The sign of the marginal effect is negative in corrupt countries, but public debt enhances economic growth within countries that are not corrupt, i.e., highly transparent.

  12. PUBLIC DEBT ANALYSIS BASED ON SUSTAINABILITY INDICATORS

    Directory of Open Access Journals (Sweden)

    Elena DASCALU

    2016-09-01

    Full Text Available This article is an analysis of public debt, in terms of sustainability and vulnerability indicators, under a functioning market economy. The problems encountered regarding the high level of public debt or the potential risks of budgetary pressure converge to the idea that sustainability of public finances should be a major challenge for public policy. Thus, the policy adequate to address public finance sustainability must have as its starting point the overall strategy of the European Union, as well as the economic development of Member States, focusing on the most important performance components, namely, reducing public debt levels, increasing productivity and employment and, last but not the least, reforming social security systems. In order to achieve sustainable levels of public debt, the European Union Member States are required to establish and accomplish medium term strategic budgetary goals to ensure a downward trend in public debt.

  13. Foldable Frame Supporting Electromagnetic Radiation Collectors

    DEFF Research Database (Denmark)

    2011-01-01

    The present invention relates to flexible frames supporting electromagnetic radiation collectors, such as antennas, antenna reflectors, deflectors or solar collectors, for celestial or terrestrial applications, which can be folded to be stored and/or transported. The method for stowing deforms...

  14. EFFECT OF BLENDING VARIOUS COLLECTORS AT BULK ...

    African Journals Online (AJOL)

    Nkana Concentrator under the ownership of the then Zambia Consolidated Copper Mines Ltd (ZCCM) had been using Sodium Ethyl Xanthate (SEX) mainly as a collector, but with the coming of new Mopani Copper Mines Plc (M.C.M), it was felt that there was a need to test alternative collectors in an attempt to improve the ...

  15. Flat-plate solar collector - installation package

    Science.gov (United States)

    1978-01-01

    Package includes installation, operation and maintenance manual for collector, analysis of safety hazards, special handling instructions, materials list, installation drawings, and warranty and certification statement. Manual includes instructions for roof preparation and for preparing collector for installation. Several pages are devoted to major and minor repairs.

  16. Performance of an absorbing concentrating solar collectors

    International Nuclear Information System (INIS)

    Imadojemu, H.

    1990-01-01

    This paper reports on a comparison of the efficiency of an absorbing fluid parabolic trough concentrating solar collector and a traditional concentrating collector that was made. In the absorbing fluid collector, black liquid flows through a glass tube absorber while the same black liquid flows through a selective black coated copper tube absorber while the same black fluid flows through a selective black coated copper tube absorber in the traditional collector. After a careful study of the properties of available black liquids, a mixture of water and black ink was chosen as the black absorbing medium or transfer fluid. In the black liquid glass collector there is a slightly improved efficiency based on beam radiation as a result of the direct absorption process and an increase in the effective transmittance absorptance. At worst the efficiency of this collector equals that of the traditional concentrating collector when the efficiency is based on total radiation. The collector's reflecting surfaces were made of aluminum sheet, parabolic line focus and with cylindrical receivers. The ease of manufacture and reduced cost per unit energy collected, in addition to the clean and pollution free mode of energy conversion, makes it very attractive

  17. Cheap effective thermal solar-energy collectors

    Energy Technology Data Exchange (ETDEWEB)

    Highgate, D.J.; Probert, S.D. [Cranfield University, Bedford (United Kingdom). Dept. of Applied Energy

    1996-04-01

    A light-weight flexible solar-collector, with a wavelength-selective absorption surface and an insolation-transparent thermal-insulation protecter for its aperture, was built and tested. Its cheapness and high performance, relative to a conventional flat-plate solar-collector, provide a prima-facie case for the more widespread adoption of its design. (author)

  18. Combined solar collector and energy storage system

    Science.gov (United States)

    Jensen, R. N. (Inventor)

    1980-01-01

    A combined solar energy collector, fluid chiller and energy storage system is disclosed. A movable interior insulated panel in a storage tank is positionable flush against the storage tank wall to insulate the tank for energy storage. The movable interior insulated panel is alternately positionable to form a solar collector or fluid chiller through which the fluid flows by natural circulation.

  19. OUT Success Stories: Transpired Solar Collectors

    International Nuclear Information System (INIS)

    Clyne, R.

    2000-01-01

    Transpired solar collectors are a reliable, low-cost technology for preheating building ventilation air. With simple payback periods ranging from 3 to 12 years and an estimated 30-year life span, transpired collector systems offer building owners substantial cost savings

  20. Constant Proportion Debt Obligations (CPDOs)

    DEFF Research Database (Denmark)

    Cont, Rama; Jessen, Cathrine

    2012-01-01

    be made arbitrarily small—and thus the credit rating arbitrarily high—by increasing leverage, but the ratings obtained strongly depend on assumptions on the credit environment (high spread or low spread). More importantly, CPDO loss distributions are found to exhibit a wide range of tail risk measures......Constant Proportion Debt Obligations (CPDOs) are structured credit derivatives that generate high coupon payments by dynamically leveraging a position in an underlying portfolio of investment-grade index default swaps. CPDO coupons and principal notes received high initial credit ratings from...... the major rating agencies, based on complex models for the joint transition of ratings and spreads for all names in the underlying portfolio. We propose a parsimonious model for analysing the performance of CPDO strategies using a top-down approach that captures the essential risk factors of the CPDO. Our...

  1. Savings and Debts in Agriculture

    Directory of Open Access Journals (Sweden)

    Marina Luminita Sarbovan

    2012-05-01

    Full Text Available The savings and debts problematic bring us in front the Keynesian principles of supporting the global demand, so spectacular immortalized inside his “General Theory of Money. The architects of the European Union consider that production in agriculture and other economic branches is “ab initio” grounded on the credit mechanism administrated by banks: the present day approach of the agricultural process configured it as costly, owing a relatively medium to long term duration, and risky, making important the banking institution for mitigating such constrains. Romania fights for the ambitious goal of entering in the euro zone, and this target became even more challenging after the new EU Regulation No 1176/2011 on the prevention and correction of macroeconomic imbalances, which stipulates a safer surveillance for the member states. In fact, our country has to meet the exigencies of nominal and real convergence criteria, measured by the European scoreboard and relevant index.

  2. The Thermal Collector With Varied Glass Covers

    International Nuclear Information System (INIS)

    Luminosu, I.; Pop, N.

    2010-01-01

    The thermal collector with varied glass covers represents an innovation realized in order to build a collector able to reach the desired temperature by collecting the solar radiation from the smallest surface, with the highest efficiency. In the case of the thermal collector with variable cover glasses, the number of the glass plates covering the absorber increases together with the length of the circulation pipe for the working fluid. The thermal collector with varied glass covers compared to the conventional collector better meet user requirements because: for the same temperature increase, has the collecting area smaller; for the same collection area, realizes the highest temperature increase and has the highest efficiency. This works is addressed to researchers in the solar energy and to engineers responsible with air-conditioning systems design or industrial and agricultural products drying.

  3. The Little Data Book on External Debt 2009

    OpenAIRE

    World Bank

    2009-01-01

    The little data book on external debt, a pocket edition of Global Development Finance (GDF) 2009, volume two, summary and country tables, contains statistical tables on the external debt of the 128 countries that report public and publicly guaranteed external debt under the debtor reporting system. It also includes tables of selected debt and resource flow statistics for individual reporting ...

  4. The Little Data Book on External Debt 2007

    OpenAIRE

    World Bank

    2007-01-01

    The little data book on external debt, a pocket edition of Global Development Finance (GDF) 2007, volume two, summary and country tables, contains statistical tables on the external debt of the 135 countries that report public and publicly guaranteed debt under the debtor reporting system. It also includes tables of selected debt and resource flow statistics for individual reporting countr...

  5. 26 CFR 1.166-1 - Bad debts.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 2 2010-04-01 2010-04-01 false Bad debts. 1.166-1 Section 1.166-1 Internal... TAXES (CONTINUED) Itemized Deductions for Individuals and Corporations § 1.166-1 Bad debts. (a... shall be allowed in respect of bad debts owed to the taxpayer. For this purpose, bad debts shall...

  6. 7 CFR 792.4 - Demand for payment of debts.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Demand for payment of debts. 792.4 Section 792.4... AGRICULTURE PROVISIONS COMMON TO MORE THAN ONE PROGRAM DEBT SETTLEMENT POLICIES AND PROCEDURES § 792.4 Demand for payment of debts. (a) When a debt is due FSA, an initial written demand for payment of such amount...

  7. Simulation analysis of alternative strategies for public debt issuance ...

    African Journals Online (AJOL)

    of domestic debt in the public debt portfolio for market development purposes. While the ... objective, it is essential to have an effective public debt portfolio which provides an appropriate benchmarking structure against which the performance of debt managers can ... The cost metric is primarily influenced by the size of the.

  8. The effects of debt burden on the Nigerian economy | Ogege ...

    African Journals Online (AJOL)

    It employs the ordinary least squares (OLS) to test the relationship between debt burden and the growth in the Nigerian economy. The finding shows that there is a negative relationship between debt stock (internal and external debt) and gross domestic product, meaning that an increase in debt stock will lead to reduction ...

  9. Public debt managers' behaviour interactions with macro policies

    NARCIS (Netherlands)

    Hoogduin, Lex; Öztürk, Bahar; Wierts, Peter

    2011-01-01

    We investigate the evolution of public debt management, the policy behaviour of debt managers, and the interaction of debt management with financial stability and monetary policy. The main focus is on the euro area. Empirical estimations of a debt management reaction function indicate that the share

  10. Estimating the optimal growth-maximising public debt threshold for ...

    African Journals Online (AJOL)

    This paper attempts to estimate an optimal growth-maximising public debt threshold for Zimbabwe. The public debt threshold is estimated by assessing the relationship between public debt and economic growth. The analysis is undertaken to determine the tipping point beyond which increases in public debt adversely affect ...

  11. Public debt managers' behaviour: interactions with macro policies

    NARCIS (Netherlands)

    Hoogduin, L.; Öztürk, B.; Wierts, P.

    2010-01-01

    We investigate the evolution of public debt management, the policy behaviour of debt managers, and the impact of debt management on financial stability and monetary policy.The focus is on the euro area. Empirical estimations of a debt management reaction function indicate that the share of short

  12. Credit Card Debt Hardship Letter Samples

    OpenAIRE

    lissa coffey

    2016-01-01

    Having trouble with your credit card debt? Below you will find examples of hardship letters. There are several things to consider when writing a credit card hardship letter. A hardship letter is the first step to letting the credit card company know that things are bad. This free credit card hardship letter sample is only a guide in order to start the negotiation. Credit card debt hardship letter example, hardship letter to credit card. If you are having trouble paying off your debt and need ...

  13. Introduction: On the ethics of debt

    Directory of Open Access Journals (Sweden)

    William H. Carter

    2016-10-01

    Full Text Available This special issue stems from a 2015 conference on the ‘Ethics of Debt’, organised by the guest editors and held at Iowa State University. Three themes emerged from the conference and are represented in the articles and documentary film selected for the special issue. The first concerns representations of debt in art and literature. The second theme demonstrates how debt arises and functions in specific contexts. The final theme addresses moral and ethical responses to debt within society.

  14. To develop a dynamic model of a collector loop for purpose of improved control of solar heating and cooling. Final technical report. [TRNSYS code

    Energy Technology Data Exchange (ETDEWEB)

    Herczfeld, P R; Fischl, R

    1980-01-01

    The program objectives were to (1) assess the feasibility of using the TRNSYS computer code for solar heating and cooling control studies and modify it wherever possible, and (2) develop a new dynamic model of the solar collector which reflects the performance of the collector under transient conditions. Also, the sensitivity of the performance of this model to the various system parameters such as collector time constants, flow rates, turn-on and turn-off temperature set points, solar insolation, etc., was studied. Results are presented and discussed. (WHK)

  15. 36 CFR 1011.8 - When will the Presidio Trust suspend or terminate debt collection on a debt?

    Science.gov (United States)

    2010-07-01

    ... 36 Parks, Forests, and Public Property 3 2010-07-01 2010-07-01 false When will the Presidio Trust... PRESIDIO TRUST DEBT COLLECTION Procedures To Collect Presidio Trust Debts § 1011.8 When will the Presidio Trust suspend or terminate debt collection on a debt? If, after pursuing all appropriate means of...

  16. 15 CFR 19.8 - When will Commerce entities suspend or terminate debt collection on a Commerce debt?

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false When will Commerce entities suspend or terminate debt collection on a Commerce debt? 19.8 Section 19.8 Commerce and Foreign Trade Office of the Secretary of Commerce COMMERCE DEBT COLLECTION Procedures To Collect Commerce Debts § 19.8 When will...

  17. Emotions and Social Sciences in 20th century: The Prequel of Affective Turn

    OpenAIRE

    Giazú Enciso Domínguez; Alí Lara

    2014-01-01

    The Affective Turn is an innovative movement that is transforming the production of knowledge based on the study of affect and emotion. To understand the current role of emotions, we proposed a 'prequel. Telling what happened with emotions within the social sciences before the Affective Turn, and before the twentieth century. In this work we explain the present from the past, we tell the story before The History, we pay a debt to a previous work: The Affective Turn. We articulate the prequel ...

  18. Exploring the link between household debt and income inequality

    DEFF Research Database (Denmark)

    Fasianos, Apostolos; Raza, Hamid; Kinsella, Stephen

    2017-01-01

    We investigate the relationship between household debt and income inequality in the USA, allowing for asymmetry, using data over the period 1913–2008. We find evidence of an asymmetric cointegration between household debt and inequality for different regimes. Our results indicate household debt...... only responds to positive changes in income inequality, while there is no evidence of falling inequality significantly affecting household debt. The presence of this asymmetry provides further empirical insights into the emerging literature on household debt and inequality....

  19. Parallel debt in the Serbian finance law

    Directory of Open Access Journals (Sweden)

    Kuzman Miloš

    2014-01-01

    Full Text Available The purpose of this paper is to present the mechanism of parallel debt in the Serbian financial law. While considering whether the mechanism of parallel debt exists under the Serbian law, the Anglo-Saxon mechanism of trust is represented. Hence it is explained why the mechanism of trust is not allowed under the Serbian law. Further on, the mechanism of parallel debt is introduced as well as a debate on permissibility of its cause in the Serbian law. Comparative legal arguments about this issue are also presented in this paper. In conclusion, the author suggests that on the basis of the conclusions drawn in this paper, the parallel debt mechanism is to be declared admissible if it is ever taken into consideration by the Serbian courts.

  20. The EMU debt criterion: an interpretation

    Directory of Open Access Journals (Sweden)

    R. BERNDSEN

    1997-12-01

    Full Text Available The convergence criteria specified in the Maastricht Treaty on government deficit and debt, inflation, the exchange rate and the long-term interest rate will play an important, if not decisive, role in determining which countries move on to the third stage of the Economic and Monetary Union (EMU. The aim of this work is to provide a possible interpretation of the EMU debt criterion. The author investigates the government debt criterion which, as Article 104c(2b of the Treaty shows, has a considerable scope for interpretation. Although this subject has been discussed extensively, relatively little work has been done to develop a clear interpretation of the EMU debt criterion. A flexible approach is adopted in which parts of the relevant Treaty text are characterised using two parameters.

  1. COMPARATIVE FIELD EXPERIMENTAL INVESTIGATIONS OF DIFFERENT FLAT PLATE SOLAR COLLECTORS

    Directory of Open Access Journals (Sweden)

    Guangming Chen

    2015-12-01

    Full Text Available Full-scale traditional metal solar collectors and solar collector specimens fabricated from polymeric materials were investigated in the present study. A polymeric collector is 67.8% lighter than a traditional metal solar collector, and a metal solar collector with transparent plastic covering is 40.3% lighter than a traditional metal solar collector. Honeycomb multichannel plates made from polycarbonate were chosen to create a polymeric solar collector. A test rig for the natural circulation of the working fluid in a solar collector was built for a comparative experimental investigation of various solar collectors operating at ambient conditions. It was shown experimentally that the efficiency of a polymeric collector is 8–15% lower than the efficiency of a traditional collector.

  2. A Brazilian Debt-Crisis Model

    OpenAIRE

    Assaf Razin; Efraim Sadka

    2002-01-01

    We develop a stylised model of multiple equilibria, with country risk spreads at the focus of the analysis. Fears that the country default on its debt triggers a reversal in the direction of inflows of international financial capital raise interest-rate spreads and thus the cost of servicing the public debt. The analytical framework is standard: creditors observe the output of borrowing only at a cost.

  3. THE DETERMINANTS OF HOUSEHOLD DEBT DEFAULT

    OpenAIRE

    ALFARO, RODRIGO; GALLARDO, NATALIA

    2012-01-01

    In this paper, we study household debt default behavior in Chile using survey data. Previous research in this area suggests financial and personal variables help estimate individual and group probabilities of default. We study mortgage and consumer default separately, as the default decisions and overall borrower behavior are different for each type of debt. Our study finds that income and income-related variables are the only significant and robust variables that explain default for both typ...

  4. Single-stage depressed collectors for gyrotrons

    International Nuclear Information System (INIS)

    Piosczyk, B.; Iatrou, C.T.; Dammertz, G.; Thumm, M.; Univ. Karlsruhe

    1996-01-01

    Two 140 GHz gyrotrons with a single-step depressed collector have been operated. The different position of the isolating collector gap in the stray magnetic field causes the electron motion in the retarding region to be in one case adiabatic and in the other case nonadiabatic. The kind of motion within the retarding field influences strongly the behavior of the gyrotron with a depressed collector. In the case of nonadiabatic motion a significant amount of transverse momentum is given to the electrons reflected at the collector potential. This causes the reflected electrons to be trapped between the magnetic mirror and the collector. The electrons escape from the trap by diffusion across the magnetic field to the body of the tube thus contributing to the body current. Despite the high body current there is no observable influence of the collector voltage on the RF output power. In the case of adiabatic motion the reflected electrons do not gain a sufficient amount of transverse momentum to be trapped by the magnetic mirror. They pass the cavity toward the gun and they are trapped between the negative gun potential and the collector. The interaction with the RF field by electrons traveling through the cavity enhances the diffusion in the velocity space thus enabling the trapped electrons to overcome the potential barrier and escape toward the collector. Therefore the body current stays at low values since in this case the reflected electrons do not contribute to it. However, at higher collector voltages a reduction of RF power occurred and some noise in the electron beam was observed. The main motivation for the development of gyrotrons in the frequency range above 100 GHz with power levels in excess of several hundreds kW per tube, is the application in magnetic fusion devices for plasma heating and for electron current drive

  5. The Translator's Turn: in the Cultural Turn

    Institute of Scientific and Technical Information of China (English)

    徐玮玮

    2003-01-01

    @@ Introduction: Douglas Robinson rose to the defense of the " atheoretical" American literary translator in The Translator's Turn (1991). Here, I borrowed the title from him, but I will write my paper in the thought of the translator's role in translating. In his book, Robinson argued that the literary translator embodies an integration of feeling and thought, of intuition and systematization. In analyzing the " turn" that the translator take from the source text to the target text, Robinson offered a " dialogical" model, that is the translator's dialogical engagement with the source language and with the ethic of the target language. Robinson allows for the translator to intervene, subvert, divert, even entertain, emphasizing the creative aspect of literary translation. The translation linguists, scientists, and philosophers have had their chance at translation theory; now it is time, he argued, for the literary translators to have their " turn".

  6. PUBLIC DEBT IN REPUBLIC OF SRPSKA

    Directory of Open Access Journals (Sweden)

    Ljiljana Jović

    2017-10-01

    Full Text Available The global crisis has led to the requestioning of the justification of economic growth based on borrowing. The issue of public spending and public debt has become particularly important for small and opened economies that are not sufficiently competitive on the world market. If one such country seeks to enter the EU, the rules on the amount of total borrowing and public debt can be a significant obstacle. In recent years, Republic of Srpska has been borrowing rapidly, so in the academic community is already concerned about the possibility and price of servicing those debts. The paper gives a theoretical explanation of the public debt and the needs for borrowing, then to set out the rules on debt level limitation. In the final part, the indicators of indebtedness of Republic of Srpska were presented on the basis of the available information, with the conclusion that this is a medium-indebted country, but also a country that is very vulnerable when it comes to maintaining macroeconomic stability and regular debt servicing

  7. GENDER, DEBT, AND DROPPING OUT OF COLLEGE.

    Science.gov (United States)

    Dwyer, Rachel E; Hodson, Randy; McLoud, Laura

    2013-02-01

    For many young Americans, access to credit has become critical to completing a college education and embarking on a successful career path. Young people increasingly face the trade-off of taking on debt to complete college or foregoing college and taking their chances in the labor market without a college degree. These trade-offs are gendered by differences in college preparation and support and by the different labor market opportunities women and men face that affect the value of a college degree and future difficulties they may face in repaying college debt. We examine these new realities by studying gender differences in the role of debt in the pivotal event of graduating from college using the 1997 cohort of the national longitudinal Survey of youth. In this article, we find that women and men both experience slowing and even diminishing probabilities of graduating when carrying high levels of debt, but that men drop out at lower levels of debt than do women. We conclude by theorizing that high levels of debt are one of the mechanisms that sort women and men into different positions in the social stratification system.

  8. Engineering design of 500KW CW collector

    International Nuclear Information System (INIS)

    Kumar, Ramesh; Mishra, Deepak; Prasad, M.; Hannuarakar, P.R.

    2006-01-01

    An electron beam collector for 500kW beam power has been designed to test the electron gun. The gun is designed for 250kW, 350MHz CW Klystron with 50% efficiency. This will also help in preliminary studies related to final collector design for Klystron. This paper presents the design parameters, thermal analysis and mechanical features of the design. Electron trajectory on inside wall of the collector is determined with EGUN and computational flow dynamics simulation was done on ANSYS for cooling requirements. (author)

  9. Next Generation Solar Collectors for CSP

    Energy Technology Data Exchange (ETDEWEB)

    Molnar, Attila [3M Company, St. Paul, MN (United States); Charles, Ruth [3M Company, St. Paul, MN (United States)

    2014-07-31

    The intent of “Next Generation Solar Collectors for CSP” program was to develop key technology elements for collectors in Phase 1 (Budget Period 1), design these elements in Phase 2 (Budget Period 2) and to deploy and test the final collector in Phase 3 (Budget Period 3). 3M and DOE mutually agreed to terminate the program at the end of Budget Period 1, primarily due to timeline issues. However, significant advancements were achieved in developing a next generation reflective material and panel that has the potential to significantly improve the efficiency of CSP systems.

  10. Improved Large Aperture Collector Manufacturing

    Energy Technology Data Exchange (ETDEWEB)

    O' Rourke, Deven [Abengoa Solar LLC, Lakewood, CO (United States); Farr, Adrian [Abengoa Solar LLC, Lakewood, CO (United States)

    2015-12-01

    The parabolic trough is the most established CSP technology and carries a long history of design experimentation dating back to the 1970’s. This has led to relatively standardized collector architectures, a maturing global supply chain, and a fairly uniform cost reduction strategy. Abengoa has deployed more than 1,500MWe of CSP troughs across several countries and has built and tested full-scale prototypes of many R&D concepts. The latest trough R&D efforts involved efforts to internalize non-CSP industry experience including a preliminary DFMA principles review done with Boothroyd Dewhurst, a construction literature review by the Arizona State University School of Construction Management, and two more focused manufacturing engineering subcontracts done by Ricardo Inc. and the nonprofit Edison Welding Institute. The first two studies highlighted strong opportunities in lowering part count, standardizing components and fasteners, developing modular designs to support prefabrication and automation, and devising simple, error-proof manual assembly methods. These principles have delivered major new cost savings in otherwise “mature” products in analogous industries like automotive, truck trailer manufacture, metal building fabrication, and shipbuilding. For this reason, they were core in the design development of the SpaceTube® collector, and arguably key to its early successes. The latter two studies were applied specifically to the first-generation SpaceTube® design and were important in setting the direction of the present SolarMat project. These studies developed a methodology to analyze the costs of manufacture and assembly, and identify new tooling concepts for more efficient manufacture. Among the main opportunities identified in these studies were the automated mirror arm manufacturing concept and the need for a less infrastructure-intensive assembly line, both of which now form central pillars of the SolarMat project strategy. These new designs will be

  11. Debt relief and Development: The case of the 2005 debt relief agreement with Nigeria

    NARCIS (Netherlands)

    A.G. Dijkstra (Geske)

    2013-01-01

    textabstractIn 1999 Nigeria became a democracy again after a long period of dictatorship. One of the top priorities for the newly elected President Obasanjo was to clear the huge foreign debt that the country had built up in previous decades. Most of this debt was with bilateral official creditors,

  12. Debt Stabilization and Debt Mutualization in a Monetary Union with Endogenous Risk Premia

    NARCIS (Netherlands)

    Engwerda, Jacob; van Aarle, B.; Weeren, A.J.T.M.

    2015-01-01

    In this paper we analyse debt stabilization in a monetary union that features endogenous risk premia. In particular, we analyse debt stabilization in two diametrically opposed regimes. In the first regime, the “national fiscal discipline regime”, financial markets impose sovereign risk premia based

  13. Debt Sustainability of Ukraine: Status, Problems and Policy

    Directory of Open Access Journals (Sweden)

    Mytrofanova Anastasiia S.

    2017-03-01

    Full Text Available The aim of the article is a comprehensive analysis of indicators and disclosure of problems of debt sustainability of Ukraine, as well as the formulation of recommendations for its management. There built a system of indicators for debt sustainability analysis consisting of the following elements: indicators of the status, structure and dynamics of the state debt; indicators of the state debt servicing; indicators of the state debt factors; indicators of the debt burden forecast. Based on the calculation and analysis of the indicators, a conclusion is drawn on the deepening of the debt crisis in Ukraine, which is manifested in the excess of normative values of the indicators of status, structure and dynamics of the state debt. The reasons for the aggravation of the debt crisis in Ukraine are revealed and divided into three groups: objective historical, socioeconomic and subjective-institutional ones. Based on the analysis of trends in the sphere of violation of debt sustainability, there defined main problems of debt sustainability management, which form three groups: socio-economic problems; problems in the sphere of public administration; negative impact of related debt factors. In addition, risks and threats of deepening the debt burden are identified. Based on the analysis of these problems, a system of recommendations on the state policy of managing debt sustainability is built, including operational, tactical and strategic measures and reflecting the interrelated action of instruments of fiscal, monetary, investment, foreign trade and other economic policies of the state.

  14. Debt swaps as an innovative tool for financing renewable energies

    International Nuclear Information System (INIS)

    Gugler, A.

    1999-01-01

    The emergence of a so-called 'secondary market' for Third World debt papers laid the foundations for different types of debt swaps or debt conversions. A debt conversion is a financial transaction in which a 'converter' (or investor) exchanges (swaps) a debt denominated in a hard currency for a domestic debt payable in local currency by the debtor government. This operation is attractive for the investor because it can imply a significant leverage, since the debt paper is purchased at an often substantial discount on the secondary market, whereas the debtor government will redeem it at a rate above the purchase price. Debt swaps can play a role as an additional source of development finance, but their contribution should not be overestimated. Over the last ten years, debt-for-development and debt-for-nature swaps have generated an estimated US$ 1 billion in local currency. In recent years, debt swaps originating with non-governmental organizations have considerably slowed, probably due to rising prices for commercial debt titles. On the other hand, it is expected that there will be an increase of official debt conversions in the future. Since they can be an attractive financing tool, debt swaps could also be used in order to fund investments in or credit facilities for alternative energies. (orig.)

  15. Movable air solar collector and its efficiency

    International Nuclear Information System (INIS)

    Lauva, A.; Aboltinš, A.; Palabinskis, J.; Karpova Sadigova, N.

    2008-01-01

    Implementing the guidelines of the Latvian National Programme for Energy in the field of alternative energy, intensive research shall be carried on regarding the use of solar energy, as it can be successfully used not only for the purposes of water heating and production of electrical energy, but also for air warming. The amount of heat necessary for the drying of rough forage and grain drying by active aeration in June, July and August can be obtained using solar radiation. The Latvian Guidelines for the Energy Development 2006-2016 state that the solar radiance in Latvia is of quite low intensity. The total amount of solar energy is 1109 kWh m -2 per year. The period of usage of the solar thermal energy is beginning from the last decade of April, when the intensity of radiation is 120 kWh m -2 , until the first decade of September. Within this period (approximately 1800 hours), it is possible to use the solar thermal energy by placing solar collectors. The usage of solar collectors for in drying of agricultural production is topical from the viewpoint of decreasing the consumption of energy used for the drying, as electrical energy and fossil energy resources become more expensive and tend to run out. In the processes that concern drying of agricultural production, efficiently enough solar radiation energy can be used. Due to this reason researching continues and expands in the field of usage of solar energy for the processes of drying and heating. The efficiency factor of the existing solar collectors is not high, but they are of simple design and cheep for production and exploitation. By improving the design of the solar collectors and choosing modern materials that absorb the solar radiation energy, it is possible the decrease the efficiency factor of solar collectors and decrease the production costs. In the scientific laboratory of grain drying and storage of Latvia University of Agriculture, a pilot device movable folding solar collector pilot device

  16. The high price of debt: household financial debt and its impact on mental and physical health.

    Science.gov (United States)

    Sweet, Elizabeth; Nandi, Arijit; Adam, Emma K; McDade, Thomas W

    2013-08-01

    Household financial debt in America has risen dramatically in recent years. While there is evidence that debt is associated with adverse psychological health, its relationship with other health outcomes is relatively unknown. We investigate the associations of multiple indices of financial debt with psychological and general health outcomes among 8400 young adult respondents from the National Longitudinal Study of Adolescent Health (Add Health). Our findings show that reporting high financial debt relative to available assets is associated with higher perceived stress and depression, worse self-reported general health, and higher diastolic blood pressure. These associations remain significant when controlling for prior socioeconomic status, psychological and physical health, and other demographic factors. The results suggest that debt is an important socioeconomic determinant of health that should be explored further in social epidemiology research. Copyright © 2013 Elsevier Ltd. All rights reserved.

  17. Remote controlled data collector robot

    Directory of Open Access Journals (Sweden)

    Jozsef Suto

    2012-06-01

    Full Text Available Today a general need for robots assisting different human activities rises. The goal of the present project is to develop a prototyping robot, which provides facilities for attaching and fitting different kinds of sensors and actuators. This robot provides an easy way to turn a general purpose robot into a special function one.

  18. Comics as Research, Comics for Impact: The Case of Higher Fees, Higher Debts

    OpenAIRE

    Ernesto Priego

    2016-01-01

    Researchers have turned to comics as outputs incorporating their research findings. These comics are print and/or online publications that can lead to the wider adoption of research and enhance educational practices, widen public engagement, and improve the possibilities for research to influence public policy.  This article presents an interview with Professor Katy Vigurs about 'Higher Fees, Higher Debts: Greater Expectations of Graduate Futures?', a comic based on a research report produced...

  19. Optimal nonimaging integrated evacuated solar collector

    Science.gov (United States)

    Garrison, John D.; Duff, W. S.; O'Gallagher, Joseph J.; Winston, Roland

    1993-11-01

    A non imaging integrated evacuated solar collector for solar thermal energy collection is discussed which has the lower portion of the tubular glass vacuum enveloped shaped and inside surface mirrored to optimally concentrate sunlight onto an absorber tube in the vacuum. This design uses vacuum to eliminate heat loss from the absorber surface by conduction and convection of air, soda lime glass for the vacuum envelope material to lower cost, optimal non imaging concentration integrated with the glass vacuum envelope to lower cost and improve solar energy collection, and a selective absorber for the absorbing surface which has high absorptance and low emittance to lower heat loss by radiation and improve energy collection efficiency. This leads to a very low heat loss collector with high optical collection efficiency, which can operate at temperatures up to the order of 250 degree(s)C with good efficiency while being lower in cost than current evacuated solar collectors. Cost estimates are presented which indicate a cost for this solar collector system which can be competitive with the cost of fossil fuel heat energy sources when the collector system is produced in sufficient volume. Non imaging concentration, which reduces cost while improving performance, and which allows efficient solar energy collection without tracking the sun, is a key element in this solar collector design.

  20. Investigating the collector efficiency of silver nanofluids based direct absorption solar collectors

    International Nuclear Information System (INIS)

    Chen, Meijie; He, Yurong; Zhu, Jiaqi; Wen, Dongsheng

    2016-01-01

    Highlights: • An analysis coupled with Radiation transfer, Maxwell and Energy equation is developed. • Plasmonic Au and Ag nanofluids show better photo-thermal conversion properties. • Collector height and particle concentration exist optimum solutions for efficiency. - Abstract: A one-dimensional transient heat transfer analysis was carried out to analyze the effects of the Nanoparticle (NP) volume fraction, collector height, irradiation time, solar flux, and NP material on the collector efficiency. The numerical results were compared with the experimental results obtained by silver nanofluids to validate the model, and good agreement was obtained. The numerical results show that the collector efficiency increases as the collector height and NP volume fraction increase and then reaches a maximum value. An optimum collector height (∼10 mm) and particle concentration (∼0.03%) achieving a collector efficiency of 90% of the maximum efficiency can be obtained under the conditions used in the simulation. However, the collector efficiency decreases as the irradiation time increases owing to the increased heat loss. A high solar flux is desirable to maintain a high efficiency over a wide temperature range, which is beneficial for subsequent energy utilization. The modeling results also show silver and gold nanofluids obtain higher photothermal conversion efficiencies than the titanium dioxide nanofluid because their absorption spectra are similar to the solar radiation spectrum.

  1. Two new designs of parabolic solar collectors

    Directory of Open Access Journals (Sweden)

    Karimi Sadaghiyani Omid

    2014-01-01

    Full Text Available In this work, two new compound parabolic trough and dish solar collectors are presented with their working principles. First, the curves of mirrors are defined and the mathematical formulation as one analytical method is used to trace the sun rays and recognize the focus point. As a result of the ray tracing, the distribution of heat flux around the inner wall can be reached. Next, the heat fluxes are calculated versus several absorption coefficients. These heat flux distributions around absorber tube are functions of angle in polar coordinate system. Considering, the achieved heat flux distribution are used as a thermal boundary condition. After that, Finite Volume Methods (FVM are applied for simulation of absorber tube. The validation of solving method is done by comparing with Dudley's results at Sandia National Research Laboratory. Also, in order to have a good comparison between LS-2 and two new designed collectors, some of their parameters are considered equal with together. These parameters are consist of: the aperture area, the measures of tube geometry, the thermal properties of absorber tube, the working fluid, the solar radiation intensity and the mass flow rate of LS-2 collector are applied for simulation of the new presented collectors. After the validation of the used numerical models, this method is applied to simulation of the new designed models. Finally, the outlet results of new designed collector are compared with LS-2 classic collector. Obviously, the obtained results from the comparison show the improving of the new designed parabolic collectors efficiency. In the best case-study, the improving of efficiency are about 10% and 20% for linear and convoluted models respectively.

  2. Bioinspired plate-based fog collectors.

    Science.gov (United States)

    Heng, Xin; Luo, Cheng

    2014-09-24

    In a recent work, we explored the feeding mechanism of a shorebird to transport liquid drops by repeatedly opening and closing its beak. In this work, we apply the corresponding results to develop a new artificial fog collector. The collector includes two nonparallel plates. It has three advantages in comparison with existing artificial collectors: (i) easy fabrication, (ii) simple design to scale up, and (iii) active transport of condensed water drops. Two collectors have been built. A small one with dimensions of 4.2 × 2.1 × 0.05 cm(3) (length × width × thickness) was first built and tested to examine (i) the time evolution of condensed drop sizes and (ii) the collection processes and efficiencies on the glass, SiO2, and SU-8 plates. Under similar experimental conditions, the amount of water collected per unit area on the small collector is about 9.0, 4.7, and 3.7 times, respectively, as much as the ones reported for beetles, grasses, and metal wires, and the total amount of water collected is around 33, 18, and 15 times. On the basis of the understanding gained from the tests on the small collector, a large collector with dimensions of 26 × 10 × 0.2 cm(3) was further built and tested, which was capable of collecting 15.8 mL of water during a period of 36 min. The amount of water collected, when it is scaled from 36 to 120 min, is about 878, 479, or 405 times more than what was collected by individual beetles, grasses, or metal wires.

  3. Government debt management in the euro area - recent theoretical developments and changes in practices

    OpenAIRE

    Guido Wolswijk; Jakob de Haan

    2005-01-01

    This paper reviews recent developments in the management of government debt in the euro area, covering both theoretical and practical aspects. It focuses on key aspects of debt management; the objectives of debt management, its organisation, the maturity of debt, inflation-indexation, currency-denomination, the ownership of debt, and debt issuing and trading practices. Main adjustments include an increase in autonomy of debt management agencies, and a convergence in debt maturities and in deb...

  4. Extinction debt: a challenge for biodiversity conservation.

    Science.gov (United States)

    Kuussaari, Mikko; Bommarco, Riccardo; Heikkinen, Risto K; Helm, Aveliina; Krauss, Jochen; Lindborg, Regina; Ockinger, Erik; Pärtel, Meelis; Pino, Joan; Rodà, Ferran; Stefanescu, Constantí; Teder, Tiit; Zobel, Martin; Steffan-Dewenter, Ingolf

    2009-10-01

    Local extinction of species can occur with a substantial delay following habitat loss or degradation. Accumulating evidence suggests that such extinction debts pose a significant but often unrecognized challenge for biodiversity conservation across a wide range of taxa and ecosystems. Species with long generation times and populations near their extinction threshold are most likely to have an extinction debt. However, as long as a species that is predicted to become extinct still persists, there is time for conservation measures such as habitat restoration and landscape management. Standardized long-term monitoring, more high-quality empirical studies on different taxa and ecosystems and further development of analytical methods will help to better quantify extinction debt and protect biodiversity.

  5. Prefrontal system dysfunction and credit card debt.

    Science.gov (United States)

    Spinella, Marcello; Yang, Bijou; Lester, David

    2004-10-01

    Credit card use often involves a disadvantageous allocation of finances because they allow for spending beyond means and buying on impulse. Accordingly they are associated with increased bankruptcy, anxiety, stress, and health problems. Mounting evidence from functional neuroimaging and clinical studies implicates prefrontal-subcortical systems in processing financial information. This study examined the relationship of credit card debt and executive functions using the Frontal System Behavior Scale (FRSBE). After removing the influences of demographic variables (age, sex, education, and income), credit card debt was associated with the Executive Dysfunction scale, but not the Apathy or Disinhibition scales. This suggests that processes of conceptualizing and organizing finances are most relevant to credit card debt, and implicates dorsolateral prefrontal dysfunction.

  6. Carbon debt - Lost in the forest?

    DEFF Research Database (Denmark)

    Bentsen, Niclas Scott

    2014-01-01

    The concept of ‘carbon debt’ and carbon payback time with reference to bioenergy and biofuels was probably launched by anarticle in Science in 2008. The concept is increasingly seen as an indicator of the sustainability of bioenergy supply chains.Particularly for forest bioenergy supply chains...... the time lapse between harvest and regrowth may be a signifi cant factor for themodeled carbon debt. A meta-analysis of more than 250 model scenarios was conducted to evaluate the factors and assumptionsdetermining carbon debts and payback time of forest bioenergy supply chains. Factors such as spatial...... and temporal scale, biome,origin of the wood resource, which fossil fuels are displaced, forest history, baseline scenario, accounting principle, and databackground were included in the analysis. This paper discusses the evolution of the carbon debt concept, how different factorsand assumptions infl uence...

  7. Debt crisis ahead for Irish medical students.

    Science.gov (United States)

    Haugh, C; Doyle, B; O'Flynn, S

    2014-06-01

    Internationally medical student debt is a cause of concern. A survey of medical students in UCC (response rate of 191 representing 35% of the EU student cohort) reveals that 34 (26%) of direct entry medicine (DEM) students and 36 (61%) graduate entrants (GEM) have a loan with an anticipated average debt of Euro17,300 and Euro80,000 on graduation respectively. Fifty-three (90%) graduate entrants and 75 (57%) direct entrants revealed that they often worry about their current financial situation. Fifty-three (28%) of students have a part-time job and many were concerned about the degree to which this conflicted with their academic workload. 118 (89%) of school leavers and 48 (81%) graduates received financial assistance from their families to fund their college expenses. Student responses recommended the introduction of a government supported low interest rate loan and other incentives to help service high levels of debt associated with medical education.

  8. Government guarantees and public debt in Croatia

    Directory of Open Access Journals (Sweden)

    Anto Bajo

    2011-09-01

    Full Text Available Government fi nancial and performance guarantees have been issued in Croatia since 1996, to support funding and ensure favourable borrowing conditions in the fi nancial market for companies in majority state ownership. However, government guarantees have rarely been part of defi ned strategies and goals of public debt and risk management. Despite their steady growth, the structure of active guarantees and their infl uence on Croatian public debt are still unknown. This paper analyses the amount and structure of state guarantees, their maturities and the authority and accountability for their management, and it compares the structure of guarantees in terms of economic sectors. The main objective of the paper is to determine the infl uence of government guarantees on the public debt growth.

  9. Foreign Debt: Causes and Measures Taken

    Directory of Open Access Journals (Sweden)

    Ion Botescu

    2016-01-01

    Full Text Available In an increasingly globalized world, any crisis, including the ones caused by the foreign debtdefault of a country, may have a negative impact which can be contagious both at regional and atglobal level. Taking into account all the risks to which international creditors were subjectedover time, thestock of foreign debt worldwide has experienced a significant increase in the current millennium,actually demonstrating that international lending is profitable. The causes of default, the measures taken by the concerned countries to get out of this situationand the specific examples were the elements which I have tried to capture in this paper. Last butnot least, I have performed an analysis of the evolution of the foreign debt stock and the repaymentcapacity of small and medium-income countries, respectively the most vulnerable countries interms of debt repayment.

  10. Impact of Debt Capital on Outreach and Efficiency Of Microfinance ...

    African Journals Online (AJOL)

    Impact of Debt Capital on Outreach and Efficiency Of Microfinance ... donation or government grants should be sustained in a long term to enable MFIs reach the poor who cannot afford high interest rates charged by debt financed MFIs.

  11. Rising public debt profile in Nigeria: risks and sustainablity issues ...

    African Journals Online (AJOL)

    Rising public debt profile in Nigeria: risks and sustainablity issues. ... and state governments has echoed new concerns for policy stakeholders in Nigeria. ... the share of concessional loan in external debt stock and develop Public-Private ...

  12. Debt renegotiation with incomplete contract

    Directory of Open Access Journals (Sweden)

    Paulo de Melo Jorge Neto

    2005-09-01

    Full Text Available A debt contract usually does not include a provision about renegotiation. The right to seize the borrower’s asset and the rules of this process are usually stipulated in the contract. Such a promise not to renegotiate is not credible since renegotiation can mitigate the dead-weight loss of liquidating insolvent borrowers. Once the initial contract may not consider the renegotiation procedure and renegotiation may occur, this paper investigates why a complete contract is not offered. It shows that the lender does not need to stipulate the renegotiation procedure on the initial contract because he is indifferent about committing or not to the terms of a contract. This indicates that a complete contract gives the lender the same expected return as an incomplete contract, in which the renegotiation process is determined after the occurrence of default.Um contrato de débito geralmente não inclui uma cláusula sobre renegociação. O direito de liquidar os ativos do tomador e as regras do processo são habitualmente estipuladas no contrato. Tal promessa de não renegociar não é crível, já que a renegociação pode mitigar a perda bruta de se liquidar tomadores insolventes. Uma vez que o contrato inicial pode não considerar os procedimentos de renegociação, e esta pode, de fato, vir a ocorrer, este artigo investiga a razão de um contrato completo não ser ofertado. Mostra-se que o emprestador não precisa estipular os procedimentos de renegociação no contrato inicial porque ele é indiferente entre se comprometer ou não aos termos do contrato. Isto indica que um contrato completo dá ao emprestador o mesmo retorno esperado de um contrato incompleto, no qual os procedimentos de renegociação são determinados após a declaração de default.

  13. Increasing household debts and its relation to GDP, interest rate and house price: Malaysia’s perspective

    OpenAIRE

    Rahman, Sharezan; Masih, Mansur

    2014-01-01

    The increase in household debts in Malaysia which has escalated to about 86% of total GDP is deemed to be at worrying stage as it may in turn trigger another financial crisis. Thus, the aim of this study is to examine the increase in household debts and its relation to GDP, interest rate and house price via time series techniques. Data collected from Datastream and monthly statistical bulletin span from 1999 to 2014 on quarterly basis. The results show that there is a cointegrating long run r...

  14. Review Essay: Turn, Turn, Turn Around—Till Categories Blur

    Directory of Open Access Journals (Sweden)

    Lars Allolio-Näcke

    2008-01-01

    Full Text Available I begin this review by introducing the book and discussing its manifest content chapter by chapter (see 2.1, focusing particularly on the author's argumentation concerning the development of new orientations in cultural studies and on how, in relation to the turns discussed, the names of the researchers and central categories involved are collected. In a second step, I give a close reading of the book's latent content, which I consider to be more important (see 2.2. In this context I discuss several questions of scientific politics—especially the issue of hegemonic claims. Thirdly, I read the book from the critical standpoint of a psychologist, a sociologist and a theologian and show the shortcomings of BACHMANN-MEDICK's outsider perspective on these disciplines. In this regard I read the book again and provide a critique of the quality of the author's scientific performance (see 3. Finally, I state the reasons I do not recommend reading this book (see 4. URN: urn:nbn:de:0114-fqs0801266

  15. Debt as an Urban Chronotrope in Mongolia

    DEFF Research Database (Denmark)

    Pedersen, Morten Axel

    2017-01-01

    . With the transition to capitalism in the 1990s, both the number of debt obligations and the size of loans expanded dramatically, without being subject to similar curtailment or other formalization. The result is that ‘no one pays back what they owe’, as people complain. Departing from the seemingly peculiar fact...... that people nonetheless keep on lending others money – including debtors they hardly know or with a bad reputation – I argue that debt has acquired a gift-like nature in Ulaanbaatar, and show how the temporality of such ‘generalized debt’ is inseparable from the neo-liberal deregulation of residential spaces...

  16. International labor migration and external debt.

    Science.gov (United States)

    Bustamante, J A

    1987-01-01

    The prevailing Mexican and US definitions of undocumented migration are poles apart. The US views it as a criminal problem. Mexicans view the undocumented migrants as actors in an economic game in which the rules are extremely disadvantageous to these migrants. Migrants themselves and their communities view the undocumented as a positive element. It is necessary to move toward a bilateral focus and bilateral negotiation on the issue of migratory workers. This proposal derives from several assumptions: 1) the external debt is a bilateral or multilateral issue, 2) it is important to avoid forcing debtor countries to choose between stimulating economic growth or making payment on their foreign debt, 3) prevailing public opinion in the US favors halting undocumented migration, 4) the US views the migration of undocumented Mexicans as the result of forces endogenous to Mexico and exogenous to the US, 5) the US views both Mexico's ability to make payment on its external debt and to halt emigration as tied to the Mexican government's ability or inability to reconcile political stability with scarce monetary resources, and 6) political instability in Mexico could augment emigration to the US and undermine Mexico's ability to address its foreign debt. The following proposal suggests means to link negotiation on the external debt to that of undocumented migration: 1) The Mexican government could reach an accord with the US to channel a portion of the actual interest on the external debt as a fund to be invested in Mexico to construct a system of labor intensive agroindustrial productive units designed to attract former or potential migratory workers; 2) the total amount of these funds would be deducted from interest payments on the principal of the actual external debt and redefined as an ad hoc loan to Mexico to finance these production units; 3) part of the production from these units would be incorporated into ongoing US food relief and food assistance programs; 4) the

  17. Book Review: IOU: The debt threat and why we must diffuse it | Iyayi ...

    African Journals Online (AJOL)

    Noreena Hertz's book - I.O.U.: The Debt Threat And Why We Must Defuse It - dedicates itself to the analysis of the huge foreign debt that is owed by. Third World countries. The analysis traces the history of the debt, the processes by which the debt is maintained, the forces that maintain the debt, the consequences of the debt ...

  18. How Does Corruption Affect Public Debt? An Empirical Analysis

    OpenAIRE

    Arusha Cooray; Friedrich Schneider

    2013-01-01

    This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shadow economy and military expenditure. We find that the effect of corruption on public debt is compounded by increased government expenditure and increased size of the shadow economy.

  19. The Greek sovereign debt: Are there really any options?

    OpenAIRE

    Papanikos, Gregory T.

    2014-01-01

    Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created the current economic crisis. How to deal with sovereign debt has been debated both at the theoretical and policy making level. This paper looks at the Greek debt and four options are discussed: (a) unilateral default (b) unilaterally imposed austerity measures (c) restructuring through negotiating and (d) a tax on wealth to pay for the debt. Optimal options depend on the borr...

  20. Heat Pumps With Direct Expansion Solar Collectors

    Science.gov (United States)

    Ito, Sadasuke

    In this paper, the studies of heat pump systems using solar collectors as the evaporators, which have been done so far by reserchers, are reviwed. Usually, a solar collector without any cover is preferable to one with ac over because of the necessity of absorbing heat from the ambient air when the intensity of the solar energy on the collector is not enough. The performance of the collector depends on its area and the intensity of the convective heat transfer on the surface. Fins are fixed on the backside of the collector-surface or on the tube in which the refrigerant flows in order to increase the convective heat transfer. For the purpose of using a heat pump efficiently throughout year, a compressor with variable capacity is applied. The solar assisted heat pump can be used for air conditioning at night during the summer. Only a few groups of people have studied cooling by using solar assisted heat pump systems. In Japan, a kind of system for hot water supply has been produced commercially in a company and a kind of system for air conditioning has been installed in buildings commercially by another company.

  1. Efficiency of the Fermilab Electron Cooler's Collector

    CERN Document Server

    Prost, L R

    2005-01-01

    The newly installed high-energy Recycler Electron Cooling system (REC) at Fermilab will work at an electron energy of 4.34 MeV and a DC beam current of 0.5 A in an energy recovery scheme. For reliable operation of the system, the relative beam current loss must be maintained to levels < 3.e-5. Experiments have shown that the loss is determined by the performance of the electron beam collector, which must retain secondary electrons generated by the primary beam hitting its walls. As a part of the Electron cooling project, the efficiency of the collector for the REC was optimized, both with dedicated test bench experiments and on two versions of the cooler prototype. We find that to achieve the required relative current loss, an axially-symmetric collector must be immersed in a transverse magnetic field with certain strength and gradient prescriptions. Collector efficiencies in various magnetic field configurations, including without a transverse field on the collector, are presented and discussed

  2. Tube collector with integrated tracking parabolic concentrator

    Energy Technology Data Exchange (ETDEWEB)

    Grass, C.; Benz, N.; Hacker, Z.; Timinger, A. [ZAE Bayern, Bavarian Centre for Applied Energy Research, Muenchen (Germany)

    2000-07-01

    Low concentrating CPC collectors usually do not track the sun and are mounted in east-west direction with a latitude dependent slope angle. They are most suitable for maximum working temperatures up to 200 250 deg. C. We present a novel evacuated tube-collector with a trough-like concentrating mirror. Single-axis tracking of the mirror is realized with a magnetic mechanism. The mirror is mounted inside the evacuated tube and hence protected from environmental influences. One axis tracking in combination with a small acceptance angle allows for higher concentration as compared to non-tracking concentrating collectors. Ray-tracing analysis shows a half acceptance angle of about 5 deg. at a geometrical concentration ratio of 3.2. The losses of evacuated tube collectors are dominated by the radiation losses of the absorber. Hence, reducing the absorber size can lead to higher efficiencies at high operating temperature levels. With the presented collector we aim for operating temperatures up to 400 deg. C. At temperatures of 300 deg. C we expect efficiencies of 65 %. This allows for application in industrial process heat generation, high efficient solar cooling and power generation. A first prototype was tested at the ZAE Bayern. The optical efficiency was measured to be 75 %. (au)

  3. Turn-around improvements

    International Nuclear Information System (INIS)

    Redaelli, S.; Venturini Delsolaro, W.

    2012-01-01

    An efficient turn-around will be an important parameter for the integrated luminosity performance at LHC in 2012, when an operation with steady beam parameters and machine configuration will be achieved at the beginning of the run. Improvements of the operational cycle were already put successfully in place after the 2010 experience but additional ways to reduce the time required to setup collisions are possible. In this paper, the 2011 turn-around performance is reviewed and the benefits of the improvements from 2010 are presented. Phases of the operational cycle when further amelioration is possible are discussed and some proposal for a faster turn-around in 2012 are outlined. (authors)

  4. A nuclear power enterprise debt management system construction Based on Sanmen Nuclear Power Co., LTD, debt risk management case analysis

    International Nuclear Information System (INIS)

    Wu Yan; Liu Shuqing

    2010-01-01

    Building nuclear power enterprises need huge investment , often tens of billions RMB. How to do a good job in corporate debt risk management, becoming powerful large-scale development of nuclear power ,ensuring the supply of funds and existing debt service in the process of large-scale development of nuclear power ,is an important task. In this paper, managing the company's debt is very urgent and necessary through analysis of SMNPC financing and debt structure; through the analysis of SMNPC's debt risk management , the authors would like to explore how to build up the framework of the debt management under the large-scale development of nuclear power construction . Nuclear power enterprises need to strengthen supervision mechanism and internal control,build-up and perfect all-round debt risk manage system, keep watch on debt risk in order to ensure preservation and increment of the value of state assets. (authors)

  5. Debt Stabilization Games in the Presence of Risk Premia

    NARCIS (Netherlands)

    Engwerda, J.C.; van Aarle, B.; Plasmans, J.E.J.; Weeren, A.J.T.M.

    2012-01-01

    Abstract: As a result of the recent financial crisis and the ensuing economic recession, fiscal deficits have soared in many OECD countries. As a consequence, government debt has been on the rise again after a period of stable or declining government debt. In this paper we analyze debt stabilization

  6. 12 CFR 370.3 - Debt Guarantee Program.

    Science.gov (United States)

    2010-01-01

    ... convertible debt to be issued, (C) The mandatory conversion date, (D) The conversion rate (i.e., the total... exchange rate in effect on the date that the debt is funded. (c) Calculation and reporting responsibility... guarantee expires on the earliest of the mandatory conversion date for mandatory convertible debt, the...

  7. 26 CFR 1.1275-4 - Contingent payment debt instruments.

    Science.gov (United States)

    2010-04-01

    ... provides for an option to convert the debt instrument into the stock of the issuer, into the stock or debt... property in an amount equal to the approximate value of such stock or debt. (5) Remote and incidental... price that reflects a spread above a benchmark rate, the comparable yield is the sum of the value of the...

  8. Debt overhang and the macroeconomics of carry trade

    NARCIS (Netherlands)

    Jakucionyte, E.; van Wijnbergen, S.J.G.

    2016-01-01

    The depreciation of the Hungarian forint in 2009 left Hungarian borrowers with a skyrocketing value of foreign currency debt. The resulting losses worsened debt overhang in to debt-ridden firms and eroded bank capital. Therefore, although Hungarian banks had partially isolated their balance sheets

  9. 7 CFR 3.21 - Referrals of Debts to Justice.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 1 2010-01-01 2010-01-01 false Referrals of Debts to Justice. 3.21 Section 3.21... and Compromise of Claims § 3.21 Referrals of Debts to Justice. An agency shall promptly refer to Justice for litigation debts on which aggressive collection activity has been taken in accordance with...

  10. 48 CFR 31.205-3 - Bad debts.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Bad debts. 31.205-3... REQUIREMENTS CONTRACT COST PRINCIPLES AND PROCEDURES Contracts With Commercial Organizations 31.205-3 Bad debts. Bad debts, including actual or estimated losses arising from uncollectible accounts receivable due...

  11. Debt stabilization games in the presence of risk premia

    NARCIS (Netherlands)

    Engwerda, J.C.; van Aarle, B.; Plasmans, J.E.J.; Weeren, A.J.T.M.

    2013-01-01

    As a result of the recent financial crisis and the ensuing economic recession, fiscal deficits have soared in many OECD countries. As a consequence, government debt has been on the rise again after a period of stable or declining government debt. In this paper we analyze debt stabilization in a

  12. 7 CFR 3.12 - Reporting of consumer debts.

    Science.gov (United States)

    2010-01-01

    ... and Compromise of Claims § 3.12 Reporting of consumer debts. (a) Notice. In demand letters to debtors... the delinquent consumer debt to credit reporting agencies after 60 days; (2) The specific information... credit bureaus. (d) Stay of disclosure. Agencies shall not disclose a delinquent debt to a credit...

  13. 7 CFR 1403.4 - Demand for payment of debts.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 10 2010-01-01 2010-01-01 false Demand for payment of debts. 1403.4 Section 1403.4 Agriculture Regulations of the Department of Agriculture (Continued) COMMODITY CREDIT CORPORATION, DEPARTMENT... Demand for payment of debts. (a) When a debt is due CCC, an initial written demand for payment of such...

  14. Yes, No, Maybe So: College Students' Attitudes Regarding Debt

    Science.gov (United States)

    Zerquera, Desiree D.; McGowan, Brian L.; Ferguson, Tomika L.

    2016-01-01

    We examined college student attitudes regarding debt. Based on focus group interviews with 31 students from 4 different institutions within a Midwestern university system, data analysis yielded a continuum that captures students' debt approaches while enrolled in college. Findings indicate that students avoided debt completely, made intentional…

  15. Development and foreign debt: The stylized facts 1970-2006

    DEFF Research Database (Denmark)

    Paldam, Martin

    they are in crisis, and the debt grows and generates low growth in the next couple of decades. The analysis concentrates on two relations: (R1) the relation between borrowing and growth, and (R2) the relation between initial debt and growth. Both relations are negative, so essentially the stylized story of debt...

  16. Empirical Essays on Debt, Equity, and Convertible Securities

    NARCIS (Netherlands)

    P. Verwijmeren (Patrick)

    2008-01-01

    textabstractThis dissertation consists of four empirical studies on firms’ financing decisions. In the first two studies, we investigate the debt-equity choice for a large number of U.S. firms. We find that firms prefer debt financing over equity financing in case a debt issue allows the firm to

  17. 12 CFR 16.6 - Sales of nonconvertible debt.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Sales of nonconvertible debt. 16.6 Section 16.6... RULES § 16.6 Sales of nonconvertible debt. (a) The OCC will deem offers or sales of bank issued... grade; (5) Prior to or simultaneously with the sale of the debt, each purchaser receives an offering...

  18. Efficiencies of flat plate solar collectors at different flow rates

    DEFF Research Database (Denmark)

    Chen, Ziqian; Furbo, Simon; Perers, Bengt

    2012-01-01

    Two flat plate solar collectors for solar heating plants from Arcon Solvarme A/S are tested in a laboratory test facility for solar collectors at Technical University of Denmark (DTU). The collectors are designed in the same way. However, one collector is equipped with an ETFE foil between...... the absorber and the cover glass and the other is without ETFE foil. The efficiencies for the collectors are tested at different flow rates. On the basis of the measured efficiencies, the efficiencies for the collectors as functions of flow rate are obtained. The calculated efficiencies are in good agreement...

  19. Validation of a simple dynamic thermal performance characterization model based on the piston flow concept for flat-plate solar collectors

    DEFF Research Database (Denmark)

    Deng, Jie; Yang, Ming; Ma, Rongjiang

    2016-01-01

    dynamic model based on the first-order difference method is compared to that of the numerical solution of the collector ordinary differential equation (ODE) model using the fourth-order Runge-Kutta method. The improved thermal inertia model (TIM) on the basis of closed-form solution presented by Deng et....... (2012) for the model turns out to be the collector static response time constant τC by analytical derivation. The nonlinear least squares method is applied to determine the characteristic parameters of a flat-plate solar air collector previously tested by the authors. Then the obtained parameters...

  20. A solar collector for air-conditioning

    Energy Technology Data Exchange (ETDEWEB)

    Kose, E. [Microtherm Energietechnik GmbH, 25 - Lods (France)

    1999-03-01

    A high performance Compound Parabolic Concentrator (CPC) collector is presented. It comprises dewar type tubular vacuum tubes with an absorber coating of very low emittance, a moderately concentrating reflector and a simple thermosyphon heat removal system. The reflectors car be designed with respect to the specific needs; reflector material, concentration, truncation and symmetry car be chosen freely. The collector allows the construction of cooling systems with higher COP's without using tracking systems. Land use and costs are greatly reduced. For a certain application (optimum yearly gain in Munich with a constant collector temperature of 180 deg C) the reflector was optimized, it is a fairly asymmetrical design. A symmetrical design with a similar performance has been tested, the results are shown. (author)

  1. Optimum solar collector fluid flow rates

    DEFF Research Database (Denmark)

    Furbo, Simon; Shah, Louise Jivan

    1996-01-01

    Experiments showed that by means of a standard electronically controlled pump, type UPE 2000 from Grundfos it is possible to control the flow rate in a solar collector loop in such a way that the flow rate is strongly influenced by the temperature of the solar collector fluid passing the pump....... The flow rate is increasing for increasing temperature.The flow rate at the high temperature level is typically 70 % greater than the flow rate at the low temperature level.Further, the energy consumption for the electronically controlled pump in a solar heating system will be somewhat smaller than...... the energy consumption of a normal ciculation pump in the solar heating system.Calculations showed that the highest thermal performances for small SDHW systems based on mantle tanks with constant volume flow rates in the solar collector loops are achieved if the flow rate is situated in the interval from 0...

  2. Recent progress in terrestrial photovoltaic collector technology

    Science.gov (United States)

    Ferber, R. R.

    1982-01-01

    The U.S. Photovoltaic Research and Development Program has the objective to develop the technology necessary to foster widespread grid-competitive electric power generation by the late 1980s. The flat-plate and the concentrator collector activities form the nucleus of the program. The project is concerned with the refining of silicon, silicon sheet production, solar cell processing and fabrication, encapsulation materials development, and collector design and production. The Large-Area Silicon Sheet Task has the objective to develop and demonstrate the feasibility of several methods for producing large area silicon sheet material suitable for fabricating low-cost, high-efficiency solar cells. It is expected that a variety of economic flat-plate and concentrator collectors will become commercially available for grid-connected applications.

  3. A stationary evacuated collector with integrated concentrator

    Energy Technology Data Exchange (ETDEWEB)

    Snail, K.A.; O' Gallagher, J.J.; Winston, R.

    1984-01-01

    A comprehensive set of experimental tests and detailed optical and thermal models are presented for a newly developed solar thermal collector. The new collector has an optical efficiency of 65 per cent and achieves thermal efficiencies of better than 50 per cent at fluid temperatures of 200/sup 0/C without tracking the sun. The simultaneous features of high temperature operation and a fully stationary mount are made possible by combining vacuum insulation, spectrally selective coatings, and nonimaging concentration in a novel way. These 3 design elements are ''integrated'' together in a self containe unit by shaping the outer glass envelope of a conventional evacuated tube into the profile of a nonimaging CPC-type concentrator. This permits the use of a first surface mirror and eliminates the need for second cover glazing. The new collector has been given the name ''Integrated Stationary Evacuated Concentrator'', or ISEC collector. Not only is the peak thermal efficiency of the ISEC comparable to that of commercial tracking parabolic troughs, but projections of the average yearly energy delivery also show competitive performance with a net gain for temperatures below 200/sup 0/C. In addition, the ISEC is less subject to exposure induced degradation and could be mass produced with assembly methods similar to those used with fluorescent lamps. Since no tracking or tilt adjustments are ever required and because its sensitive optical surfaces are protected from the environment, the ISEC collector provides a simple, easily maintained solar thermal collector for the range 100-300/sup 0/C which is suitable for most climates and atmospheric conditions. Potential applications include space heating, air conditioning, and industrial process heat.

  4. Democracy, Political Competition and Public Debt

    Directory of Open Access Journals (Sweden)

    Lucian CROITORU

    2015-06-01

    Full Text Available There are two major preferences shaping political choices: one, regarding who should play the leading role in running the economy (mar-kets or politicians and the other, concerning social spending. According to reputation, leftist parties assign the leading role to politicians (i.e. the state, whereas rightist parties entrust mar-kets with the central role in running the econo-my. Right-wing parties’ reputation of not favoring social spending is not backed by facts. Since both the left and the right display similar behav-iors vis-à-vis social spending, it is preferable that markets play the central role in running the econ-omy. Flexible markets help economic growth and employment, reducing the need for high social spending. The freedom of property and freedom from corruption indexes show that, in Romania, the market has never played the central role in running the economy. People’s prevailing con-cern over their wellbeing ‘now’ rather than ‘to-morrow’ generates competition among political right and left for higher social spending, leading to high public debt. Neither left, nor right can guarantee sustainable limits for social benef ts and public debt. Capping the share of public debt in GDP by means of the Constitution provides no guarantee for public debt sustainability, but is worth a try.

  5. THE PUZZLE OF SIMULTANEOUS SAVINGS AND DEBTS

    Directory of Open Access Journals (Sweden)

    RODICA IANOLE

    2012-05-01

    Full Text Available „Neither a borrower nor a lender be” recommends Shakespeare in Hamlet. The advice seems particularly interesting in nowadays society where a person can be easily found in both approximate situations, in the same time. It goes without saying that saving and borrowing do not describe mutually exclusive strategies of financial management and thus many people retain savings or carry on saving at the same time as having debts. We add to this fact a more pragmatically wisdom, the one of the economist Robert Solow -“We (economists think of wealth as fungible; we think a dollar is a dollar. Why don't they (the others do so?” (Solow, 1987 – and we naturally ask ourselves if the mechanism of having simultaneous savings and debts is a rational one, according to traditional economics.Making appeal to the emerging body of behavioral economics literature we reach to the mental accounting theory to see if it can explain savings inclination versus debt inclination. The main research question we want to explore is the following: if mental accounting prevents people from spending money from one „mental account” on goods belonging to another one, will people – after using all their money from a given account – be willing to go into debt to buy goods belonging to this account in a situation when they still have money in other accounts?

  6. 20 CFR 340.16 - Debt collection.

    Science.gov (United States)

    2010-04-01

    ... RECOVERY OF BENEFITS § 340.16 Debt collection. (a) The Associate Executive Director for Unemployment and... person paying remuneration for time lost or any sum or damages for personal injury to remit the amount of reimbursement due the Board, if any, within 30 days of the date of the payment of remuneration or damages to an...

  7. Capital Structure and International Debt Shifting

    NARCIS (Netherlands)

    Huizinga, H.P.; Laeven, L.; Nicodeme, G.

    2006-01-01

    This paper presents a model that relates a multinational firm's optimal debt policy to taxation and to non-tax factors such as the desire to prevent bankruptcy. The model yields the predictions that a multinational's indebtedness in a country depends on national tax rates and differences between

  8. Sovereign debt and bank fragility in Spain

    NARCIS (Netherlands)

    van der Kwaak, C.; van Wijnbergen, S.

    In May 2012 the Spanish government announced a debt-financed recapitalization of the undercapitalized Spanish banking system. Although there was a wide consensus among economists and policymakers that this was key to solving Spain’s economic troubles, both bank CDS and sovereign CDS further

  9. The biodiversity-dependent ecosystem service debt.

    Science.gov (United States)

    Isbell, Forest; Tilman, David; Polasky, Stephen; Loreau, Michel

    2015-02-01

    Habitat destruction is driving biodiversity loss in remaining ecosystems, and ecosystem functioning and services often directly depend on biodiversity. Thus, biodiversity loss is likely creating an ecosystem service debt: a gradual loss of biodiversity-dependent benefits that people obtain from remaining fragments of natural ecosystems. Here, we develop an approach for quantifying ecosystem service debts, and illustrate its use to estimate how one anthropogenic driver, habitat destruction, could indirectly diminish one ecosystem service, carbon storage, by creating an extinction debt. We estimate that c. 2-21 Pg C could be gradually emitted globally in remaining ecosystem fragments because of plant species loss caused by nearby habitat destruction. The wide range for this estimate reflects substantial uncertainties in how many plant species will be lost, how much species loss will impact ecosystem functioning and whether plant species loss will decrease soil carbon. Our exploratory analysis suggests that biodiversity-dependent ecosystem service debts can be globally substantial, even when locally small, if they occur diffusely across vast areas of remaining ecosystems. There is substantial value in conserving not only the quantity (area), but also the quality (biodiversity) of natural ecosystems for the sustainable provision of ecosystem services. © 2014 John Wiley & Sons Ltd/CNRS.

  10. Private Placement Debt Financing for Public Entities

    Science.gov (United States)

    Holman, Lance S.

    2010-01-01

    Private placement financing is a debt or capital lease obligation arranged between a municipality or a 501(c) (3) not-for-profit organization and a single sophisticated institutional investor. The investor can be a bank, insurance company, finance company, hedge fund, or high-net worth individual. Private placement financing is similar to…

  11. The pricing of bank debt guarantees

    NARCIS (Netherlands)

    Arping, S.

    2009-01-01

    We analyze the optimal pricing of government-sponsored bank debt guarantees within the context of an asset substitution framework. We show that the desirability of fair pricing of guarantees depends on the degree of transparency of the banking sector: in relatively opaque banking systems, fair

  12. From debt crisis to sovereign risk

    NARCIS (Netherlands)

    Lukkezen, Jasper

    2014-01-01

    Recent experience taught us that advanced economies can be subject to debt crises, with tremendous impact on the economy. Such crises are -fortunately- rare events with which policy makers do not have to deal on a daily basis. They do have to incorporate sovereign risk, the probability that such a

  13. Enhanced Debt Management: solving the eurozone crisis by linking debt management with fiscal and monetary policy

    OpenAIRE

    Werner, Richard A.

    2014-01-01

    Unconventional approaches to suit unusual circumstances have become acceptable in monetary policy, a formerly highly conservative discipline. In this paper it is argued that unconventional approaches should also be considered in sovereign debt management, in order to contribute to resolving the eurozone sovereign debt crisis. First, the Troika crisis lending to indebted sovereign borrowers in the eurozone is reviewed and compared with standard IMF post-crisis lending. The main difference and ...

  14. Evaluating performance from spiral polyethylene tubes as solar collectors for heating swimming pools

    Energy Technology Data Exchange (ETDEWEB)

    Stefanelli, Anderson Thiago Pontes; Marchi Neto, Ismael de; Scalon, Vicente Luiz; Padilha, Alcides [UNESP, Universidade Estadual Paulista Julio de Mesquita Filho, Bauru, SP (Brazil). Dept. de Engenharia Mecanica], e-mails: scalon@feb.unesp.br, padilha@feb.unesp.br

    2010-07-01

    The solar energy is very common in the daily of citizens from different regions in world. Environmental questions and the consequent Development of renewable energy techniques were a decisive factor for expanding this market. Currently, the solar energy is present in many different devices: as direct conversion through photovoltaic panels as in solar domestic for hot water systems(SDHWS). Another common use is in the heating system for swimming pools, that could be utilized for therapeutic or comfort reasons. The main aspect that increments this use is the economy for operation of these systems. On the other hand, these systems need a high initial investment. Reducing this cost without reduction in collector efficiency using new materials and / or alternative projects is important target for new researches. Thus, this paper aims to analyze the efficiency of one of these alternative models for heating swimming pools. The conceptual device evaluated is a low cost model. It could be made from polyethylene tubes forming spiral heat exchangers. Analysis of the system is based on a dynamic model using differential equations system including solar collector and swimming pool. Experimental radiation and other environmental conditions in the region of Bauru-SP are used for analyse the dynamic behavior of the system. The simulations are based on analysis of three main parameters: number of collectors, the pump drive time and wall thickness of the collector of polyethylene. Based on these numerical tests one can conclude that this new model of solar collector for swimming pool has a better cost benefit ratio when superficial area is equal to 80% of pool area, pump operation is alternating with four minutes turned on and 28 turned off and the polyethylene wall thickness is 1.5 mm (author)

  15. Qualification test and analysis report: solar collectors

    Energy Technology Data Exchange (ETDEWEB)

    1978-12-01

    Test results show that the Owens-Illinois Sunpak/sup TM/ Model SEC 601 air-cooled collector meets the national standards and codes as defined in the Subsystem Performance Specification and Verification Plan of NASA/MSFC Contract NAS8-32259, dated October 28, 1976. The architectural and engineering firm of Smith, Hinchman and Grylls, Detroit, Michigan, acted in the capacity of the independent certification agency. The program calls for the development, fabrication, qualification and delivery of an air-liquid solar collector for solar heating, combined heating and cooling, and/or hot water systems.

  16. Short-Term Solar Collector Power Forecasting

    DEFF Research Database (Denmark)

    Bacher, Peder; Madsen, Henrik; Perers, Bengt

    2011-01-01

    This paper describes a new approach to online forecasting of power output from solar thermal collectors. The method is suited for online forecasting in many applications and in this paper it is applied to predict hourly values of power from a standard single glazed large area flat plate collector...... enabling tracking of changes in the system and in the surrounding conditions, such as decreasing performance due to wear and dirt, and seasonal changes such as leaves on trees. This furthermore facilitates remote monitoring and check of the system....

  17. Does debt predict growth? An empirical analysis of the relationship between total debt and economic output

    Directory of Open Access Journals (Sweden)

    Willem Vanlaer

    2015-12-01

    Full Text Available Although the recent global financial crisis has stimulated a vast amount of research on the impact of public debt on economic growth and also increasingly on the role of private credit, the total levels of indebtedness of an economy have largely been ignored. This paper studies the impact of the total level of and increases in debt-to-GDP on economic growth for 26 developed countries in the short, medium and longer term. We analyse whether we can predict the future level of growth, simply by looking at the total level of debt, or increases in that debt level. We find that there is a negative correlation between high levels of debt and short term economic growth, but that this effect tapers in the medium and long term. Similarly, we find that rapid debt accumulation is negatively related to economic growth over the short term, the impact is less pronounced over the medium term and is non-existent over the long term.

  18. Precautionary Borrowing and the Credit Card Debt Puzzle

    DEFF Research Database (Denmark)

    Druedahl, Jeppe; Jørgensen, Casper Nordal

    2015-01-01

    This paper addresses the credit card debt puzzle using a generalization of the buffer-stock consumption model with long-term revolving debt contracts. Closely resembling actual US credit card law, we assume that card issuers can always deny their cardholders access to new debt, but that they cannot...... to simultaneously hold positive gross debt and positive gross assets even though the interest rate on the debt is much higher than the return rate on the assets. Including a risk of being excluded from new borrowing which is positively correlated with unemployment, we are able to simultaneously explain...

  19. The Influence of Debt Maturity Structure on Accounting Conservatism

    Institute of Scientific and Technical Information of China (English)

    Zhao Huiqing; Chen Xinguo

    2015-01-01

    According to the related data of A-share listed companies in 2009-2013,through extension model based on Basu's surplus - the stock return rate model ,this paper studies that the debt maturity structure influences on accounting conservatism. The empirical study finds that the amount of debt affects significantly the prudence,that is,the greater the amount of the debt contract con- cluded, the stronger role of accounting conservatism is ; Debt maturity have significant relationship with accounting conservatism. For the shorter debt maturity, the enterprise is easier to choose more prudent accounting policy, and when the period is longer, accounting conservatism is relatively weaker.

  20. Comparison of three different collectors for process heat applications

    Science.gov (United States)

    Brunold, Stefan; Frey, R.; Frei, Ulrich

    1994-09-01

    In general vacuum tube collectors are used in solar process heat systems. Another possibility is to use transparent insulated flat plate collectors. A critical point however, is that most of the common transparent insulating materials can not withstand high temperatures because they consist of plastics. Thus, temperature resistive collector covers combining a high tranmisivity with a low U-value are required. One possibility is to use capillaries made of glass instead of plastics. Measurement results of collector efficiency and incident angle modifier will be presented as well as calculated energy gains for three different collectors: a vacuum tube collector (Giordano Ind., France), a CPC vacuum tube collector (microtherm Energietechnik Germany; a new flat plate collector using glass capillary as transparent insulation (SET, Germany).

  1. Behavior of a solar collector loop during stagnation

    DEFF Research Database (Denmark)

    Chen, Ziqian; Dragsted, Janne; Furbo, Simon

    2015-01-01

    A mathematical model simulating the emptying behavior of a pressurized solar collector loop with solar collectors with a good emptying behavior is developed and validated with measured data. The calculated results are in good agreement with the measured results. The developed simulation model...... is therefore suitable to determine the behavior of a solar collector loop during stagnation. A volume ratio R, which is the ratio of the volume of the vapour in the upper pipes of the solar collector loop during stagnation and the fluid content of solar collectors, is introduced to determine the mass...... of the collector fluid pushed into the expansion vessel during stagnation, Min. A correlation function for the mass Min and the volume ratio R for solar collector loops is obtained. The function can be used to determine a suitable size of expansion vessels for solar collector loops....

  2. Two-axis movable concentrating solar energy collector

    Science.gov (United States)

    Perkins, G. S.

    1977-01-01

    Proposed solar-tracker collector assembly with boiler in fixed position, allows use of hard line connections, capable of withstanding optimum high temperature fluid flow. System thereby eliminates need for flexible or slip connection previously used with solar collector systems.

  3. Governance-Default Risk Relationship and the Demand for Intermediated and Non-Intermediated Debt

    Directory of Open Access Journals (Sweden)

    Husam Aldamen

    2012-09-01

    Full Text Available This paper explores the impact of corporate governance on the demand for intermediated debt (asset finance, bank debt, non-bank private debt and non-intermediated debt (public debt in the Australian debt market. Relative to other countries the Australian debt market is characterised by higher proportions of intermediated or private debt with a lower inherent level of information asymmetry in that private lenders have greater access to financial information (Gray, Koh & Tong 2009. Our firm level, cross-sectional evidence suggests that higher corporate governance impacts demand for debt via the mitigation of default risk. However, this relationship is not uniform across all debt types. Intermediated debt such as bank and asset finance debt are more responsive to changes in governance-default risk relationship than non-bank and non-intermediated debt. The implication is that a firm’s demand for different debt types will reflect its governance-default risk profile.

  4. A tool for standardized collector performance calculations including PVT

    DEFF Research Database (Denmark)

    Perers, Bengt; Kovacs, Peter; Olsson, Marcus

    2012-01-01

    A tool for standardized calculation of solar collector performance has been developed in cooperation between SP Technical Research Institute of Sweden, DTU Denmark and SERC Dalarna University. The tool is designed to calculate the annual performance of solar collectors at representative locations...... can be tested and modeled as a thermal collector, when the PV electric part is active with an MPP tracker in operation. The thermal collector parameters from this operation mode are used for the PVT calculations....

  5. PERFORMANCE EVALUATION OF SOLAR COLLECTORS USING A SOLAR SIMULATOR

    OpenAIRE

    M. Norhafana; Ahmad Faris Ismail; Z. A. A. Majid

    2015-01-01

    Solar water heating systems is one of the applications of solar energy. One of the components of a solar water heating system is a solar collector that consists of an absorber. The performance of the solar water heating system depends on the absorber in the solar collector. In countries with unsuitable weather conditions, the indoor testing of solar collectors with the use of a solar simulator is preferred. Thus, this study is conducted to use a multilayered absorber in the solar collector of...

  6. Local Reasoning about a Copying Garbage Collector

    DEFF Research Database (Denmark)

    Torp-Smith, Noah; Birkedal, Lars; Reynolds, John C.

    2008-01-01

    We present a programming language, model, and logic appropriate for implementing and reasoning about a memory management system. We state semantically what is meant by correctness of a copying garbage collector, and employ a variant of the novel separation logics to formally specify partial corre...

  7. 31 CFR 203.17 - Collector depositaries.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false Collector depositaries. 203.17 Section 203.17 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FISCAL SERVICE, DEPARTMENT OF THE TREASURY FINANCIAL MANAGEMENT SERVICE PAYMENT OF FEDERAL TAXES AND THE TREASURY...

  8. Copyright, Property and the Film Collector

    Science.gov (United States)

    Nevins, Francis M., Jr.

    1975-01-01

    Legal issues surrounding the collecting of movies are analyzed with the conclusion that neither law nor public policy supports a cause for action against the ultimate consumer of film prints and that it is not in a studio's economic interest to bring such actions against collectors. (JT)

  9. IMPACT OF THE GLOBAL FINANCIAL CRISIS ON SOVEREIGN DEBT IN THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Condea Bogdan Virgil

    2014-07-01

    Full Text Available At European Union level, the global financial crisis intensified the issue of sovereign debts and member states had to implement a series of fiscal measures in order to reduce the budgetary deficit and public debts, that have peaked in the last decades. These changes were also imposed in the Romanian fiscal system and the effects were felt in particular through increased tax rates or even the introduction of new taxes. 2008 was the year that marked a turning point in the fiscal policy of member states of the European Union from multiple perspectives. The impact of the economic crisis was felt mainly through the drastic decrease in tax revenues for all member states, which led to an accelerated growth of the budgetary deficit and implicitly of the indebtedness degree. In this context, EU member states were forced to adopt measures that would reduce the budgetary deficit (increases in some taxes and reduction of certain public expenditures. In 2010, the sovereign debt crisis in the euro area exposed the weaknesses of the EU economic governance. In response, the so-called "six pack" regulations were introduced in December 2011. Moreover, many countries have intensified their consolidation efforts in an attempt to regain the confidence of financial markets. The new architecture of fiscal policy in the European area has undergone many changes in recent years, market not only by the fiscal harmonization process, but mainly by the temptation of fiscal coordination that aims mainly to achieve fiscal stability and reduce medium and long-term public debt. The excessive growth of countries' indebtedness degree in recent years led to the need to study the sustainability of the indebtedness policy, considering that maintaining the budgetary deficit at a prudent level would also ensure the sustainability of fiscal policy. The study analyzes the effects in budgetary plan of economic recovery measures by highlighting the evolution of public debt in EU member

  10. Colored solar collectors - Annual report 2006

    Energy Technology Data Exchange (ETDEWEB)

    Schueler, A.; Chambrier, E. De; Roecker, Ch.; Scartezzini, J.-L.

    2007-12-15

    The architectural integration of thermal solar collectors into buildings is often limited by their black color, and the visibility of tubes and corrugations of the absorber sheets. A certain freedom in color choice would be desirable, but the colored appearance should not cause an excessive degradation of the collector efficiency. Multilayered thin film interference filters on the collector glazing can produce a colored reflection, hiding the corrugated metal sheet, while transmitting the non-reflected radiation entirely to the absorber. These interference filters are designed and optimized by numerical simulation, and are manufactured by sol-gel dip-coating or magnetron sputtering. The novel colored glazed solar collectors will be ideally suited for architectural integration into buildings, e.g. as solar active glass facades. Due to the tunability of the refractive index, nanostructured materials such as SiO{sub 2}:TiO{sub 2} composites and porous SiO{sub 2} are very useful for application in multilayer interference stacks. Novel quaternary Mg-F-Si-O films exhibit a surprisingly low refractive index and are therefore promising candidates for highly transparent coatings on solar collector glazing. The nanostructure of these thin films is studied by transmission electron microscopy, while the optical constants are measured precisely by ellipsometry. For a convincing demonstration, sufficiently large samples of high quality are imperatively needed. The fabrication of nanocomposite SiO{sub 2}:TiO{sub 2} films has been demonstrated by sol-gel dip-coating of A4-sized glass panes. The produced coatings exhibit a colored reflection in combination with a high solar transmittance, a homogenous appearance, and are free of visible defects. Film hardening by UV exposure will result in speeding up the sol-gel process and saving energy, thereby reducing costs significantly. The infrastructure for UV-curing has been established. A UV C radiation source can now be attached to the

  11. Turn key contracts

    International Nuclear Information System (INIS)

    Feretic, D.

    1975-01-01

    The aim of this summary is to point out some specific areas which have to be covered in a turn-key contract and which are of primarily interest to the buyer of a nuclear plant. It will be assumed that the buyer is utility company in a developing country and a plant supplier a company in an industrial country. (orig./FW) [de

  12. Turning to alcohol?

    International Nuclear Information System (INIS)

    Reiboro, S.K.

    1998-01-01

    Brazil is examining whether turning to alcohol could solve its problems. The fuel alcohol producers are lobbying hard for the government to increase the use of alcohol to fuel the country's cars. Not only does using alcohol reduce CO 2 , runs the argument, but the Kyoto agreement might just attract international financing for the project. (author)

  13. Standardized performance tests of collectors of solar thermal energy - A flat-plate copper collector with parallel mylar striping

    Science.gov (United States)

    Johnson, S. M.

    1976-01-01

    Basic test results are reported for a flat plate solar collector whose performance was determined in a solar simulator. The collector was tested over ranges of inlet temperatures, fluxes and one coolant flow rate. Collector efficiency is correlated in terms of inlet temperature and flux level.

  14. Standardized performance tests of collectors of solar thermal energy: A selectively coated, steel collector with one transparent cover

    Science.gov (United States)

    1976-01-01

    Basic test results are presented of a flat-plate solar collector whose performance was determined in solar simulator. The collector was tested over ranges of inlet temperatures, fluxes and coolant flow rates. Collector efficiency was correlated in terms of inlet temperature and flux level.

  15. Standardized performance tests of collectors of solar thermal energy: An evacuated flatplate copper collector with a serpentine flow distribution

    Science.gov (United States)

    Johnson, S. M.

    1976-01-01

    Basic test results are given for a flat plate solar collector whose performance was determined in the NASA-Lewis solar simulator. The collector was tested over ranges of inlet temperatures, fluxes and one coolant flow rate. Collector efficiency is correlated in terms of inlet temperature and flux level.

  16. Debt Collection Models and Their Using in Practice

    Directory of Open Access Journals (Sweden)

    Anna Wodyńska

    2007-01-01

    Full Text Available An important element of a companys credit policy is its attitude to collecting due receivables. A company tries to establish the rules of collecting the said amount within the standards that are applied in a company. Depending on the organizational structure of a company, its scope of activity, common practices and, in particular, the credit policy assumed by a company, enterprises use internal, external or mixed debt collection models. Internal debt collection model assumes conducting debt collection activities within the organizational structure of a creditor company. External debt collection consists of ordering debt collection activities at a specialised company that handles debt service (outsourcing, which is connected with acting on behalf and account of the ordering party, but it also consists of receivables trading. The choice of proper debt collection model is not easy, due to, among others, high costs of the process as well as necessary expertise knowledge in the said scope; and the products offered on the market, although they seem similar, do differ substantially among one another. Regardless of the debt collection model, it shall be remembered that debt collection shall be run in a manner that ensures consolidation of entrepreneurs good name and their market position. The debt collection procedure binding in a company shall serve to work out a cooperation model with clients that are based on buyers reliability.

  17. Managing State Debt of Ukraine: Problems and Directions of Optimisation

    Directory of Open Access Journals (Sweden)

    Syzrantsev Hlib O.

    2013-12-01

    Full Text Available The modern state of the state debt of Ukraine and future forecasts of its increase make look for new methods of debt management. That is why the goal of the article lies in revelation of main problems of state debt management in Ukraine on the basis of the analysis of its modern state and also in scientific justification of conceptual grounds of improvement of the mechanism of state debt management and servicing under modern conditions. Analysing, systemising and generalising scientific works of many scientists, the article considers the state debt as an instrument of macro-economic regulation, provides dynamics of growth of external and internal state debts. In the result of the study the article reveals a number of unsolved problems in the sphere of debt management. Due to this the article offers conceptual measures on management of the state debt of Ukraine. The prospect of further studies is the search for state debt management methods that would allow reduction of the debt load on the state budget and economy of Ukraine.

  18. Institutions, public debt and growth in Europe

    Directory of Open Access Journals (Sweden)

    Klaus Masuch

    2017-06-01

    Full Text Available This paper provides empirical evidence that supports the view that the quality of institutions is an important determinant of long-term growth in European countries. It shows that an initial high government debt level coupled with institutional quality below the EU average tends to be associated with particularly poor longterm real growth performance. Interestingly, the detrimental effect of high debt levels on long-term growth seems cushioned by the presence of very sound institutions. The paper offers some evidence that sound institutions may be particularly important for long-term growth in countries in which the exchange rate tool is no longer available and less so in countries with flexible exchange rate regimes. The empirical findings on the importance of institutions are robust to various measures of output growth, different measures of institutional indicators, different sample sizes, different country groupings and to the inclusions of additional control variables.

  19. Evaluating the underlying factors behind variable rate debt.

    Science.gov (United States)

    McCue, Michael J; Kim, Tae Hyun Tanny

    2007-01-01

    Recent trends show a greater usage of variable rate debt among health care bond issues. In 2004, 63.4% of the total health care bonds issued were variable rate compared with 30.6% in 1995 (Fitch Ratings, 2005). The purpose of this study is to gain a better understanding of the underlying factors, credit spread, issue characteristics, and issuer factors behind why hospitals and health system borrowers select variable rate debt compared with fixed rate debt. From 2000 to 2004, this study sampled 230 newly issued tax-exempt bonds issued by acute care hospitals and health care systems that included both variable and fixed rate debt issues. Using a logistic regression model, hospitals with variable rate debt issues were assigned a value of 1, whereas hospitals with fixed rate debt issues were assigned a value of 0. This study found a positive association between bond insurance and variable rate debt and a negative association between callable feature and variable rate debt. Facilities located in certificate-of-need states that possessed higher case mix acuity, earned higher profit margins, generated higher debt service coverage, and held less debt were more likely to issue variable rate debt. Overall, hospital managers and board members of hospitals possessing a strong financial performance have an interest in utilizing variable rate debt to lower their cost of capital. In addition, this outcome may also reflect that investment bankers are doing a better job in educating senior hospital management about the interest rate savings benefit of variable rate compared with fixed rate debt.

  20. Who will pay the ecological debts

    International Nuclear Information System (INIS)

    Marcan, P.; Benka, M.

    2006-01-01

    The ecological ignorance of the past has to be addressed. The question is who will pay the ecological debts. State officials know exactly who should pay. According to them the main part of the burden should be carried by companies - the successors of the former socialist factories and companies that inherited the ecological debts. The companies object to this idea. And their reason is obvious - the estimated cost of the disposal of all high risk tips, old chemical stores and contaminated soil amounts to a prohibitive 100 billions Slovak crowns (2.63 billion EUR). The Ministry of Environment of the Slovak Republic has been working on legislation that would address the ecological debt in a comprehensive way for two years. But the final effect is minimal. The draft legislation presented in 2004 did not pass the commenting process and after pressure from the commercial sector the Ministry finally withdrew its draft. The Ministry then formed a working group with representatives of industries that was supposed to find a solution acceptable for both environmentalists and industries. But no progress has been made so far. 'The original bill was superficial and not supported by expert studies. And was presented too early,' explained Jozef Mikulec, a representative of the Industry Association of Slovakia, and argued that not even the European Union has yet issued a dedicated directive addressing the environmental burden. In his opinion the existing legislation - the Act on Water - is sufficient: and the closed and liquidated petrol stations provide a good enough example. At some old petrol stations the distribution pipes were leaking. The Ministry of Environment wants a new act. In its opinion the Act on Water only addresses the ecological debts on an ad hoc basis but does not offer a comprehensive solution. Enforceability measures are missing. 'We cannot even investigate the locations of ecological burdens as without new legislation we do not have access to production plants

  1. Debt bondage and the tricks of capital

    OpenAIRE

    Guérin, Isabelle; Venkatasubramanian, G.; Kumar, S.

    2015-01-01

    Migrant labourers, free from rural bondage, are now bonded to other sources of debt, contracted from the agro-industry or construction sectors. The flows of migration in the brick-making and sugar cane sectors in Tamil Nadu, where bondage coexists with many public welfare schemes, illustrate the persistence and renewal of this phenomenon. The welfare schemes play the role of a safety net, but also contribute to low wages, and impunity on the part of employers. Alliances between capital and th...

  2. GENDER, DEBT, AND DROPPING OUT OF COLLEGE

    OpenAIRE

    DWYER, RACHEL E.; HODSON, RANDY; MCLOUD, LAURA

    2012-01-01

    For many young Americans, access to credit has become critical to completing a college education and embarking on a successful career path. Young people increasingly face the trade-off of taking on debt to complete college or foregoing college and taking their chances in the labor market without a college degree. These trade-offs are gendered by differences in college preparation and support and by the different labor market opportunities women and men face that affect the value of a college ...

  3. Arrangement, manufacturing process and use of solar heat collectors

    Energy Technology Data Exchange (ETDEWEB)

    Scheel, H W

    1978-03-30

    Solar collectors generally have a timber or metal frame where the transparent front cover, usually of glass, is replaceable. In order to prevent great deformation, such a frame must be relatively stable and of heavy construction, which may lead to difficulties in mounting the collector on the roofs or front walls of houses. The present invention proposes a light but nevertheless rigid collector frame, which consists of plastic material and is constructed so that the installation and replacement of collectors can be realized. Further, collectors are proposed which guarantee a minimum of reflection and are so designed that an optimum architectural effect is produced.

  4. Solar collector design with respect to moisture problems

    DEFF Research Database (Denmark)

    Holck, Ole; Svendsen, Svend; Brunold, Stefan

    2003-01-01

    more ventilation openings should be made and what influence the insulation material has. Guidelines for collector designers are proposed. The design guidelines provide some suggestions to be considered during the design of solar collectors.The work was carried out within the framework of the working...... group Materials in Solar Thermal Collectors of the International Energy Agency-Solar Heating and Cooling Programme....... the design of the collector, the location and size of ventilation holes, properties of the insulation materials and dimension of the solar collector box are parameters that have to be taken into account for the optimisation in order to achieve the most favourable microclimate to prevent corrosion...

  5. Local government and utility firms’ debts

    Directory of Open Access Journals (Sweden)

    Marko Primorac

    2011-12-01

    Full Text Available The global financial crisis has affected the Croatian local public sector. In such circumstances, local government units’ debts and borrowing should be approached with caution. The highly interwoven financial operations of local government units and their utilities indicate the need for analysis of consolidated financial statements of local governments and utility companies in order to gain an insight into the real financial “health” of local units. Accordingly, the main aim of this paper is to analyze the size and the structure of the consolidated (local government and utility companies local public debt in Croatia. Accordingly, the paper presents the financial position of local government units supplemented with information on the financial operations of utility companies, with particular emphasis on the size and structure of their liabilities and gross and net debt. Although the current Budget Law does not require formal preparation of consolidated financial statements by local governments and their utility firms, consolidation is stipulated by International Public Sector Accounting Standards (IPSAS. The application of IPSAS regulations would be helpful in determining overall direct and indirect exposure of local government units arising from the financial operations of their utilities.

  6. Diamond turning of glass

    Energy Technology Data Exchange (ETDEWEB)

    Blackley, W.S.; Scattergood, R.O.

    1988-12-01

    A new research initiative will be undertaken to investigate the critical cutting depth concepts for single point diamond turning of brittle, amorphous materials. Inorganic glasses and a brittle, thermoset polymer (organic glass) are the principal candidate materials. Interrupted cutting tests similar to those done in earlier research are Ge and Si crystals will be made to obtain critical depth values as a function of machining parameters. The results will provide systematic data with which to assess machining performance on glasses and amorphous materials

  7. Hydrodynamics of Turning Flocks

    OpenAIRE

    Yang, Xingbo; Marchetti, M. Cristina

    2014-01-01

    We present a hydrodynamic model of flocking that generalizes the familiar Toner-Tu equations to incorporate turning inertia of well-polarized flocks. The continuum equations controlled by only two dimensionless parameters, orientational inertia and alignment strength, are derived by coarse graining the inertial spin model recently proposed by Cavagna et al. The interplay between orientational inertia and bend elasticity of the flock yields anisotropic spin waves that mediate the propagation o...

  8. Integrated Design of Undepressed Collector for Low Power Gyrotron

    Science.gov (United States)

    Kumar, Anil; Goswami, Uttam K.; Poonia, Sunita; Singh, Udaybir; Kumar, Nitin; Alaria, M. K.; Bera, A.; Khatun, Hasina; Sinha, A. K.

    2011-06-01

    A 42 GHz, 200 kW continuous wave (CW) gyrotron, operating at TE03 mode is under development for the electron cyclotron resonance plasma heating of the Indian TOKAMAK system. The gyrotron is made up of an undepressed collector. The undepressed collector is simple to design and cost effective. In this paper, a detailed design study of the undepressed collector for the 42 GHz gyrotron is presented. The EGUN code is used to analyze the spent electron beam trajectory for the maximum spread to reduce the power loading on the collector surface. To achieve wall loading ≤1 kW/cm2, a collector with a length of 800 mm and a radius of 42.5 mm is designed. The design also includes the three magnet systems around the collector for maximum and uniform beam spread. The thermal and the structural analyses are done using the ANSYS code to optimize the collector structure and dimensions with tolerance.

  9. Solar Heating Systems with Evacuated Tubular Solar Collector

    DEFF Research Database (Denmark)

    Qin, Lin; Furbo, Simon

    1998-01-01

    Recently different designed evacuated tubular solar collectors were introduced on the market by different Chinese companies. In the present study, investigations on the performance of four different Chinese evacuated tubular collectors and of solar heating systems using these collectors were...... carried out, employing both laboratory test and theoretical calculations. The collectors were tested in a small solar domestic hot water (SDHW) system in a laboratory test facility under realistic conditions. The yearly thermal performance of solar heating systems with these evacuated tubular collectors......, as well as with normal flat-plate collectors was calculated under Danish weather conditions. It is found that, for small SDHW systems with a combi tank design, an increase of 25% -55% net utilized solar energy can be achieved by using these evacuated tubular collectors instead of normal flat...

  10. Student Debt and the Class of 2015. 11th Annual Report

    Science.gov (United States)

    Cochrane, Debbie; Cheng, Diane

    2016-01-01

    Student Debt and the Class of 2015 is the eleventh annual report on the student loan debt of recent graduates from four-year colleges, documenting the rise in student loan debt and variation among states as well as colleges. This report includes policy recommendations to address rising student debt and reduce debt burdens, including collecting…

  11. 26 CFR 1.1275-7 - Inflation-indexed debt instruments.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Inflation-indexed debt instruments. 1.1275-7... Inflation-indexed debt instruments. (a) Overview. This section provides rules for the Federal income tax treatment of an inflation-indexed debt instrument. If a debt instrument is an inflation-indexed debt...

  12. Poverty Levels and Debt Indicators among Low-Income Households before and after the Great Recession

    Science.gov (United States)

    Kim, Kyoung Tae; Wilmarth, Melissa J.; Henager, Robin

    2017-01-01

    This study analyzed the debt profile of low-income households before and after the Great Recession using the 2007, 2010, and 2013 Survey of Consumer Finances (SCF). We used Heckman selection models to investigate three debt characteristics: (a) the amount of debt, (b) debt-to-income ratio, and (c) debt delinquency. Before and after the Great…

  13. THE SOVEREIGN DEBT CHALLANGE: AN OVERVIEW

    Directory of Open Access Journals (Sweden)

    Pop Stanca

    2011-07-01

    Full Text Available Recent years have seen profound changes in country risk and its components, in the context of crises multiplication and diversification; the sovereign risk, a main country risk component, has undergone important changes, mainly given by mutations in its determining factors; the economy of "indebtedness" represents a reality of the recent years. In this context, our paper aims to capture new issues related to sovereign risk and its manifestations, and to bring to the fore a number of relevant indicators concerning the indebtedness problems. Currently, the increasing sovereign obligations, the Greece 2010 episode and the real sovereign debt crisis testify the important implications that the national economic policy decisions have on entire nations. In general, the countries with servicing difficulties present a total external or public debt that overcomes the average of the emerging states; however, we can not accurately identify a threshold beyond which we can say that a state is overly indebted. Therefore, questions such as Starting from what point is a state overly indebted? or What is the cause of the excessive debts of a state? are fully justified and the answer or answers deserve being sought. Studies on the relationship between various economic variables and the countries ability to deal with external debt problems are present in the country risk literature since the 1970s; beginning with authors such as Frank and Cline (1971, which gave priority to external debt service indicators such as Exports, Imports / GDP, Imports / Reserves, and continuing with other specialists, among whom we mention Saini and Bates (1978, Abassi and Tafler (1982, Haque, Brewer and Rivoli (1990, North (2001 Bouchet (2003, Meunier (2005, Longueville (2010 and many others, many ratios and indicators were carefully analyzed. In our short study, we also present a number of recent aspects concerning sovereign risk, and we analyze some relevant indicators, using

  14. PUBLIC DEBT MANAGEMENT – FUNDAMENTAL COMPONENT OF PUBLIC POLICY

    Directory of Open Access Journals (Sweden)

    Maria Pascal (Andriescu

    2011-12-01

    Full Text Available The global financial crisis has put considerable pressure on public finances, particularly on government debt. Public debt in many countries of the world have increased in recent years to levels that were not registered by the end of the Second World War, facing today with a high risk regarding fiscal sustainability.Debt portfolio is usually the largest financial portfolio of a state, with a complex structure that can generate high risks that may affect public balance and financial stability of the country. Thus, proper management of public debt must become a priority for both the creditor and debtor countries. This paper aims to highlight the importance of effective management of government debt and to make a brief assessment of Romania's public debt structure and dynamic.

  15. Mortgaged Minds: Faculty-in-Debt and Redlining Higher Education

    Directory of Open Access Journals (Sweden)

    Jeanne Scheper

    2017-02-01

    Full Text Available While undergraduate student loan debt continues to be “hard to register,” there are other conditions and effects of the student loan debt spiral that remain relatively invisible, unexamined, and certainly receive less attention in news headlines or on the op-ed pages about the fiscal cliff of education debt. These are the effects of this debt spiral on graduate education, faculty composition, and knowledge production itself. This article highlights how the debt load of faculty is part of the current student loan debt spiral, yet its effects on the working conditions of faculty, the learning conditions of students, and, importantly, the production of knowledge in the university remain underexamined.

  16. Can't afford a baby? Debt and young Americans.

    Science.gov (United States)

    Nau, Michael; Dwyer, Rachel E; Hodson, Randy

    2015-12-01

    This article explores the role of personal debt in the transition to parenthood. We analyze data from the National Longitudinal Study of Youth-1997 cohort and find that for the generation coming of age in the 2000s, student loans delay fertility for women, particularly at very high levels of debt. Home mortgages and credit card debt, in contrast, appear to be precursors to parenthood. These results indicate that different forms of debt have different implications for early adulthood transitions: whereas consumer loans or home mortgages immediately increase access to consumption goods, there is often a significant delay between the accrual and realization of benefits for student loans. The double-edged nature of debt as both barrier and facilitator to life transitions highlights the importance of looking at debt both as a monetary issue and also as a carrier of social meanings.

  17. Preheating of tap water with solar collectors

    Energy Technology Data Exchange (ETDEWEB)

    Granum, H; Raaen, H

    1992-05-05

    In 1991 SINTEF Architecture and Building Technology won the second prize in 'The Nordic Competition for Low Energy Buildings' with a project proposal named 'LOWe'. The paper gives a description of the energy-saving features of this project, particularly the use of a solar collector for preheating of tap water. Compared with the economic profitability of other saving efforts in the project, such as good thermal insulation and efficient heat recovering system, the system for solar preheating of tap water does not seem very attractive for the time being. Loose estimates indicate a cost of close of NOK 1.00 per kWh for the produced energy in the solar collector, while the present price for electricity in Norway is about NOK 0.50 per kWh. Compared with a heat pump solution however the energy cost is not unreasonable.

  18. Assessment of musculoskeletal load in refuse collectors

    Directory of Open Access Journals (Sweden)

    Zbigniew W. Jóźwiak

    2013-08-01

    Full Text Available Background: The aim of this work was to assess the load on the musculoskeletal system and its effects in the collectors of solid refuse. The rationale behind this study was to formulate proposals how to reduce excessive musculoskeletal load in this group of workers. Material and Methods: The study group comprised 15 refuse collectors aged 25 to 50 years. Data about the workplace characteristics and subjective complaints of workers were collected by the free interview and questionnaire. During the survey the photorecording of the workpostures, the distance and velocity by GPS recorders, measurements of forces necessary to move containers, energy expenditure (lung ventilation method, workload estimation using the Firstbeat system and REBA method and stadiometry were done. Results: The distance walked daily by the collectors operating in terms of 2 to 3 in urban areas was about 15 km, and in rural areas about 18 km. The most frequent musculoskeletal complaints concerned the feet (60% subjects, knees, wrists and shoulders (over 40% subjects. After work-shift all examined workers had vertebral column shorter by 10 to 14 mm (11.4 mm mean. Conclusions: The results of our study show that the refuse collectors are subjected to a very high physical load because of the work organization and the way it is performed. To avoid adverse health effects and overload it is necessary to undertake ergonomic interventions, involving training of workers to improve the way of their job performance, active and passive leisure, technical control of the equipment and refuse containers, as well as the renegotiation of contracts with clients, especially those concerning non-standard containers. Med Pr 2013;64(4:507–519

  19. Digital Debt Management: The Everyday Life of Austerity

    OpenAIRE

    Stanley, Liam; Deville, Joe; Montgomerie, Johnna

    2016-01-01

    The age of austerity has seen large swathes of society adversely affected by ever-harsher austerity measures and protracted economic stagnation. This is compounded by the increasing routinisation of debt default and the everyday management of problematic levels of debt. This paper explores the everyday politics of indebtedness – the multifaceted ways in which household debt is transforming debtors' lives – and the forms of resistance it can give rise to. In particular we focus on the role pla...

  20. REAL INTEREST RATES AND GOVERNMENT DEBT DURING STABILIZATION

    OpenAIRE

    Velasco, Andres

    1989-01-01

    High real interest rates typically accompany successful disinflations. If government deficits are financed with domestic debt, this behavior of interest rates can be destabilizing. High interest rates increase debt service costs and contribute to the accumulation of debt, threatening the whole anti-inflation effort. The exchange rate regime matters in this context. Under perfectly flexible exchange rates, the real interest rate is invariant to changes in the rate of money creation. By contras...

  1. Fiscal adjustment and deficit financing during the debt crisis

    OpenAIRE

    Easterly, William R.

    1989-01-01

    To study the adjustment to the debt crisis, this paper compares the experience of seven"crisis"debtor countries with those of five"noncrisis"debtor countries. In response to a sharp reduction in external capital flows, the crisis countries rescheduled their debt during 1982-87. The noncrisis group avoided debt resheduling during that period and maintained access to external capital. The paper finds that highly indebted countries are probably better off raising conventional taxes and cutting c...

  2. The Effect of Household Debt on Consumption in Thailand

    OpenAIRE

    Thitima Chucherd

    2006-01-01

    This paper describes the quantitative influence of household debt and wealth on total consumption in Thailand during the recession and recovery periods after the 1997 financial crisis. The analysis of the consumption function was based on the Life-Cycle and Permanent Income Hypotheses and used household survey data in Thailand. This empirical study found that debt positively influences consumption similar to wealth effect with greater impact of the latter. Moreover, positive debt effect can b...

  3. Does student debt affect dental students' and dentists' stress levels?

    Science.gov (United States)

    Boyles, J D; Ahmed, B

    2017-10-27

    Introduction Many studies have shown financial worries and debt to induce stress in individuals, this combined with the existing stress of being a dentist raises the question of how student debt affects students' and dentists' stress levels.Objectives Determine whether student debt has had any noticeable effect on student stress levels; investigate whether student debt has any effect on dentists' career choice; investigate whether the increase in tuition fees has influenced the number of applicants to study dentistry at the University of Birmingham.Method Anonymous questionnaires were completed by 70 4th year and 38 5th year BDS and 22 Dental Core Trainees (DCTs). Participants circled the response which best fitted their situation regarding statements on their level of stress and future career path. Ethical approval granted. Application figures to study dentistry obtained from head of admissions.Results Forty-two percent of males and 63% of females strongly agreed with the statement that having no debt would reduce their stress levels. Of those with debt >£40,000, 11% strongly agreed and 42% agreed that their total amount of student debt causes them stress. Whereas, those whose debt is stress. Seventy-seven percent of participants who had parental or family financial support reported this reduced their stress levels. Student debt was found to deter females from undertaking further study more than it deters males (P stressed about their total student loan(s) (P stress (P stress; students reporting a higher level of debt also report more stress and concern about paying off their student debt. Having no student debt would reduce stress levels, although to what extent is undetermined. Applications to study dentistry have fallen since the increase in tuition fees.

  4. Simulation of a solar collector array consisting of two types of solar collectors, with and without convection barrier

    DEFF Research Database (Denmark)

    Bava, Federico; Furbo, Simon; Perers, Bengt

    2015-01-01

    The installed area of solar collectors in solar heating fields is rapidly increasing in Denmark. In this scenario even relatively small performance improvements may lead to a large increase in the overall energy production. Both collectors with and without polymer foil, functioning as convection...... barrier, can be found on the Danish market. Depending on the temperature level at which the two types of collectors operate, one can perform better than the other. This project aimed to study the behavior of a 14 solar collector row made of these two different kinds of collectors, in order to optimize...... the composition of the row. Actual solar collectors available on the Danish market (models HT-SA and HT-A 35-10 manufactured by ARCON Solar A/S) were used for this analysis. To perform the study, a simulation model in TRNSYS was developed based on the Danish solar collector field in Braedstrup. A parametric...

  5. Improved Collectors for High Power Gyrotrons

    International Nuclear Information System (INIS)

    Ives, R. Lawrence; Singh, Amarjit; Read, Michael; Borchard, Philipp; Neilson, Jeff

    2009-01-01

    High power gyrotrons are used for electron cyclotron heating, current drive and parasitic mode suppression in tokamaks for fusion energy research. These devices are crucial for successful operation of many research programs around the world, including the ITER program currently being constructed in France. Recent gyrotron failures resulted from cyclic fatigue of the copper material used to fabricated the collectors. The techniques used to collect the spent beam power is common in many gyrotrons produced around the world. There is serious concern that these tubes may also be at risk from cyclic fatigue. This program addresses the cause of the collector failure. The Phase I program successfully demonstrated feasibility of a mode of operation that eliminates the cyclic operation that caused the failure. It also demonstrated that new material can provide increased lifetime under cyclic operation that could increase the lifetime by more than on order of magnitude. The Phase II program will complete that research and develop a collector that eliminates the fatigue failures. Such a design would find application around the world.

  6. Are Debt Repayment Incentives Undermined by Foreign Aid?

    DEFF Research Database (Denmark)

    Bjørnskov, Christian; Schröder, Philipp J.H.

    This paper investigates the effects of inflows of foreign aid on the debt repayment behaviour of developing countries. The paper first delineates the overall incentives to committing to timely repayment in a war of attrition-type model. A set of panel estimates including 93 developing countries...... shows that foreign aid is strongly negatively associated with repayment incentives. The findings pertain to both total debt service and service on publically guaranteed debt. Only countries that tend to vote predominantly with the US in the UN General Assembly are not significantly discouraged from...... servicing their debt by inflows of foreign aid....

  7. Are Debt Repayment Incentives Undermined by Foreign Aid?

    DEFF Research Database (Denmark)

    Bjørnskov, Christian; Schröder, Philipp

    2013-01-01

    This paper investigates the effects of inflows of foreign aid on the debt repayment behavior of developing countries. The paper first delineates the overall incentives to committing to timely debt repayment in a war of attrition-type model. A set of panel estimates including 93 developing countries...... shows that foreign aid is strongly negatively associated with repayment incentives. The findings pertain to both total debt service and service on publically guaranteed debt. A set of conditional estimates suggest that the main findings generalize to the majority of developing countries...

  8. Public debt management before, during and after the crisis

    Directory of Open Access Journals (Sweden)

    Ana Andabaka Badurina

    2012-03-01

    Full Text Available During the financial and economic crisis, the public debt ratio in the European Union increased significantly, and public debt management had to be carried out in a completely new and unfavorable environment. The authors of this paper explore the changes in public debt management during and after the crisis. They describe the way in which three members of the Union – the Netherlands, Ireland and Hungary – dealt with the challenge of government financing during the crisis. These three countries were chosen because they all had a comparatively welldeveloped public debt management system before the crisis, and also due to the fact that during the crisis those responsible for public debt management pursued a policy of active accommodation to current market circumstances. Therefore, these case studies can illustrate the capacity of public debt management to contribute to the prevention of a sovereign debt crisis. In the conclusion, the authors give an overview of public debt management in Croatia in the period of the crisis and compare it with public debt management in the three countries whose experiences are presented in the paper.

  9. Anticipated debt and financial stress in medical students.

    Science.gov (United States)

    Morra, Dante J; Regehr, Glenn; Ginsburg, Shiphra

    2008-01-01

    While medical student debt is increasing, the effect of debt on student well-being and performance remains unclear. As a part of a larger study examining medical student views of their future profession, data were collected to examine the role that current and anticipated debt has in predicting stress among medical students. A survey was administered to medical students in all four years at the University of Toronto. Of the 804 potential respondents across the four years of training, 549 surveys had sufficient data for inclusion in this analysis, for a response rate of 68%. Through multiple regression analysis, we evaluated the correlation between current and anticipated debt and financial stress. Although perceived financial stress correlates with both current and anticipated debt levels, anticipated debt was able to account for an additional 11.5% of variance in reported stress when compared to current debt levels alone. This study demonstrates a relationship between perceived financial stress and debt levels, and suggests that anticipated debt levels might be a more robust metric to capture financial burden, as it standardizes for year of training and captures future financial liabilities (future tuition and other future expenses).

  10. Debt Financing and Thin-Capitalization: Case Study in Slovenia

    Directory of Open Access Journals (Sweden)

    Lidija Hauptman

    2014-03-01

    Full Text Available Since each form of financing provides a different level of security and risk, companies are often faced with a dilemma, which equity to debt ratio to choose in financial structure. In order to avoid overexploitation of certain types of debt financing, tax legislation defines a thin capitalization rule. In this paper we present, how the relationship between equity and debt financing has changed in the period 1997–2012 and how the thin capitalization rules affected this relationship in the selected parent companies in Slovenia. The analysis reveals that the proportion of debt financing increased before and after the introduction of thin capitalization rules throughout the period.

  11. Subordinate debt, deposit insurance and market oriented monitoring of banks

    Directory of Open Access Journals (Sweden)

    Gaurav S. Chauhan

    2016-09-01

    Full Text Available We present a model of a bank with endogenous risk choices, where delegated monitoring by an active market in subordinate debt helps in containing the bank's risk shifting in the presence of deposit insurance. In comparison to static ex ante contracting, an active market enables continuous monitoring by subordinate debt to penalise the bank's risk shifting. The model is instrumental in deriving optimal level of subordinate debt required to achieve equilibrium where banks choose risk levels consistent with the first best as envisaged by a social planner. The optimal quantity of subordinate debt further eliminates any risk shifting associated even with risk insensitive premiums.

  12. An Empirical Study on Public Debt's Determinants: Evidence from Romania

    Directory of Open Access Journals (Sweden)

    Marilen Gabriel PIRTEA

    2013-02-01

    Full Text Available The need for coordinating economic and budgetary policies in the Economic and Monetary Union, the awareness that pile of high public debt threatens future generations, increasing tax burden on a globalized market and the impact of population aging process on public finances has led to controversial opinions. Continuously borrowing resources and maintaining them consistently over time means to have a sustainable public debt, an important objective of any state fiscal policy. A sustainable public debt is the result of trade and monetary policy and budgetary decisions. The national debt is at the center of the current crisis of the Peripheral European countries. The objective of the paper is to provide a better understanding of public debt dynamics in Romania in the period 2000 to 2011. We decompose the changes in public debt to GDP ratio into macroeconomic components attributable to primary fiscal deficits, real interest rate, real GDP growth, and to the variations on foreign currency denominated debt. The research findings suggest that the reaction of the public debt to GDP ratio to the real growth rate of the output increased after the financial crisis. The real interest rate on government bonds remained a significant determinant of public debt in the entire sample period. Also, we find little effectiveness of monetary policy as an automatic stabilizer through the entire sample period.

  13. Four Popular Books on Consumer Debt: A Context for Quantitative Literacy

    Directory of Open Access Journals (Sweden)

    Andrew J. Miller

    2011-01-01

    Full Text Available The topics of credit cards, mortgages, subprime lending, and fringe banking are rich sources of problems and discussions for classes focused on quantitative literacy. In this theme book review, we look at four recent books on the consumer debt industry: Credit Card Nation, by Robert Manning; Maxed Out, by James Scurlock; Collateral Damaged, by Charles Geisst; and Broke, USA, by Gary Rivlin. Credit Card Nation takes a scholarly look at the history of credit in America with a focus on the genesis and growth of the credit card industry up to the turn of the 20th century. Maxed Out also examines the credit card industry, but its approach is to highlight the stories of individuals struggling with debt and thereby examine some of the damaging effects of credit card debt in the United States. Collateral Damaged is a timely exploration of the root causes at the institutional level of the credit crisis that began in 2008. Broke USA focuses on high-cost financing (pawn shops, payday loans, title loans, describing the history of what Rivlin calls the "poverty industry" and the political and legal challenges critics have mounted against the industry. Each of these books has something to offer a wide variety of quantitative literacy classes, providing scenarios, statistics, and problems worthy of examination. After reviewing each of the four books, we provide several examples of such quantitative literacy applications and close with some thoughts on the relationship between financial literacy and quantitative literacy.

  14. Turning lead into gold

    DEFF Research Database (Denmark)

    Jensen, Steffen Moltrup Ernø

    For years the field of entrepreneurship has been blinded by the alchemical promise of turning lead into gold, of finding the ones most likely to become the next Branson, Zuckerberg or Gates. The promise has been created in the midst of political and scientific agendas where certain individuals...... is not to accumulate state or market wealth, but for entrepreneurial skills to become tools towards the liberation of the individual from oppressive systems of control – essentially to add public value rather than economic value. In this presentation I will sketch an anarchist perspective on entrepreneurship, looking...

  15. Evaluation of Test Method for Solar Collector Efficiency

    DEFF Research Database (Denmark)

    Fan, Jianhua; Shah, Louise Jivan; Furbo, Simon

    The test method of the standard EN12975-2 (European Committee for Standardization, 2004) is used by European test laboratories to determine the efficiency of solar collectors. In the test methods the mean solar collector fluid temperature in the solar collector, Tm is determined by the approximat...... and the sky temperature. Based on the investigations, recommendations for change of the test methods and test conditions are considered. The investigations are carried out within the NEGST (New Generation of Solar Thermal Systems) project financed by EU.......The test method of the standard EN12975-2 (European Committee for Standardization, 2004) is used by European test laboratories to determine the efficiency of solar collectors. In the test methods the mean solar collector fluid temperature in the solar collector, Tm is determined by the approximated...... equation where Tin is the inlet temperature to the collector and Tout is the outlet temperature from the collector. The specific heat of the solar collector fluid is in the test method as an approximation determined as a constant equal to the specific heat of the solar collector fluid at the temperature Tm...

  16. Thermal performance of a transpired solar collector updraft tower

    International Nuclear Information System (INIS)

    Eryener, Dogan; Hollick, John; Kuscu, Hilmi

    2017-01-01

    Highlights: • Transpired solar collector updraft tower has been studied experimentally. • Transpired solar collector updraft tower efficiency ranges from 60 to 80%. • A comparison has been made with other SUT prototypes. • Three times higher efficiency compared to the glazed collectors of conventional solar towers. - Abstract: A novel solar updraft tower prototype, which consists of transpired solar collector, is studied, its function principle is described and its experimental thermal performance is presented for the first time. A test unit of transpired solar collector updraft tower was installed at the campus of Trakya University Engineering Faculty in Edirne-Turkey in 2014. Solar radiation, ambient temperature, collector cavity temperatures, and chimney velocities were monitored during summer and winter period. The results showed that transpired solar collector efficiency ranges from 60% to 80%. The maximum temperature rise in the collector area is found to be 16–18 °C on the typical sunny day. Compared to conventional solar tower glazed collectors, three times higher efficiency is obtained. With increased thermal efficiency, large solar collector areas for solar towers can be reduced in half or less.

  17. Disparities in Debt: Parents' Socioeconomic Resources and Young Adult Student Loan Debt

    Science.gov (United States)

    Houle, Jason N.

    2014-01-01

    In an era of rising college costs and stagnant grant-based student aid, many young adults rely on their parents' resources and student loans to pay for their postsecondary education. In this study I ask how parents' income and education are linked to young adults' student loan debt. I develop and test two perspectives regarding the…

  18. Fewer Resources, More Debt: Loan Debt Burdens Students at Historically Black Colleges and Universities

    Science.gov (United States)

    Saunders, Katherine M.; Williams, Krystal L.; Smith, Cheryl L.

    2016-01-01

    Student loans have become an increasingly important way for students and their families to pay for college, but for students at historically black colleges and universities (HBCUs), student loan debt is a substantial burden. Students who attend these institutions--many of whom are low-income and first-generation--must borrow at higher rates and,…

  19. TOWARDS NEW MEANINGS OF SOVEREIGN DEBT

    Directory of Open Access Journals (Sweden)

    Deceanu Liviu

    2014-07-01

    Full Text Available In recent years, due in part to the sovereign debt crisis, the public (and scientific interest towards indebtedness increased significantly. Regardless of the level at which we analyze it – micro or macro – it is clear from the outset that this is often unavoidable, for various reasons, and that the indebtedness state is often one of normality (necessary to cover current needs or to ensure growth targets. Of course, when the debtor is the state itself, things seem, at least apparently, more simple. States have borrowed since their beginnings, and continue to do so today. Nothing more natural ... For a long time, being a creditor of a state, especially of a developed country, meant, above all, a very safe situation – not being exposed to any risk. Recent years have shown, however, that such an approach is flawed, and that sovereign risk is omnipresent in the contemporary globalized world. For about seven years, the word „crisis” seems to have become one that is commonly used in the economic analysis. Undoubtedly, in this period there was not only a „common” financial crisis that occured, but a series of crises: finance – economic crisis – sovereign debt issues. In mid-2008, the global financial system crisis (especially in Western countries asked for a sustained intervention from the state. It came sooner or later, with more or less pro-cyclical effects. Among the taken measures, we can evoke a massive support to banks and economic activity in general, in the context of the drastic reduction in global demand. Recovery policies required their toll, however, and in this case we can talk about a significant increase in budget deficits. If the evolution of private borrowing has taken the path of stagnation, public debt, already growing, became more and more significant. In this context, we intend to highlight some new facets of sovereign risk, and to provide some remarks about how this risk should be viewed and approached.

  20. Donating is a market (of debt

    Directory of Open Access Journals (Sweden)

    Alain Marie

    2012-06-01

    Full Text Available Starting out from a rereading of Marcel Mauss’s groundbreaking study “The Gift” (1924 and its successive reworkings by Levi-Strauss and Bourdieu, and drawing on fieldwork from Africa, this paper proposes another interpretation of the phenomenon of gift-giving as a central modality for the circulation of goods and wealth in community-based societies. Hitherto, most explanations have retained a theoretical core according to which any “generous” exchange – being subject to the obligation to give, to receive and ultimately to reciprocate the gift – could only be governed by a non-economic logic (or, at least, one that negates its utilitarian dimension: a logic that symbolizes and reproduces social bonds, signs of power and prestige, and the relationship between men and their gods.Here, the analysis picks up the problem by taking a simple observation: community-based societies are mutual funds. The exchange of gift and deferred counter-gift are the functional equivalent of modern systems of insurance, social security and mutual credit schemes. They are thus subject to a logic of debt, which derives its strength from its economic utility and from the constraining power of the moral obligation of reciprocity that binds together creditors and debtors (all of whom are keenly aware of their personal interests!. The community is therefore a debt market, regulated by the constant flow of their transactions.Today, however, rising inequalities are causing that market to dry up. The time has come for the predatory state and its oligarchies to pay their debts toward the poor, whose community-based systems of solidarity can no longer provide them with effective protection.

  1. SOVEREIGN DEBT RESTRUCTURING AND “VULTURE FUNDS”

    Directory of Open Access Journals (Sweden)

    Emilia Cornelia STOICA

    2016-06-01

    Full Text Available Defining sovereign debt - debt issued or guaranteed by a public entity: central and / or regional public authorities, central banks, public institutions or enterprises - must include the risks that its management may generate, mainly the risk of default. If an medium period of time - 3-5 years – the macroeconomic growth of a state, and as the result the increase of the public revenues constantly lies below the growth of sovereign debt, these will cause an insolvability risk to cover it, and that state should proceed to restructure its debt. Financial stability of public authorities and sovereign debt occurred since the beginning of the creation of democratic states, and instruments for debt restructuring have been continuously adapted to economic and social conjuncture. Initially, states faced a necessity of funding were borrowed from foreign governments and / or large consortia bank, and when their debts had to be restructured it has been created the international institutional framework to negotiate between debtor countries and public creditors - Paris Club - and to coordinate negotiations between public authorities and major debtor consortia - London Club. In the last decade 'vulture funds' occurred, which are hedge funds acquiring from the secondary financial market debt the securities, including public debt, to a much lower share nominal value. Subsequently, vulture funds claim states issuing debt repayment at values close or equal to the face value - in this way can make a profit of more than 100% of the financial investment they made it on the secondary market. If these countries do not comply, generally being unable to honor their public debt, vultures funds act the countries in international courts, which usually prevails because vultures funds’ action is legal under current conditions.

  2. Debt and taxes for private firms

    DEFF Research Database (Denmark)

    Bartholdy, Jan; Mateus, Cèsario

    2011-01-01

    This paper tests for "pecking order" financing of small and medium size firms. The main sources and "pecking order" of financing for SMEs are equity (internally generated cash), trade credit paid on time, credit provided by institutions such as banks and leasing companies, other sources of debt...... and delayed payment on trade credit. The "pecking order" of financing is driven by the costs of asymmetric information (cost of gathering and analysing information) and financial distress costs. Empirical tests do not confirm that SMEs follow a pecking order....

  3. Making a Voluntary Greek Debt Exchange Work

    OpenAIRE

    Gulati, Mitu; Zettelmeyer, Jeromin

    2012-01-01

    Within the next few months, the Greek government, is supposed to persuade private creditors holding about EUR 200bn in its bonds to voluntarily exchange their existing bonds for new bonds that pay roughly 50 percent less. This may work with large creditors whose failure to participate in a debt exchange could trigger a Greek default, but may not persuade smaller creditors, who will be told that their claims will continue to be fully serviced if they do not participate in the exchange. This pa...

  4. Analysis and validation of a quasi-dynamic model for a solar collector field with flat plate collectors and parabolic trough collectors in series for district heating

    DEFF Research Database (Denmark)

    Tian, Zhiyong; Perers, Bengt; Furbo, Simon

    2018-01-01

    performance of the hybrid solar district heating plants is also presented. The measured and simulated results show that the integration of parabolic trough collectors in solar district heating plants can guarantee that the system produces hot water with relatively constant outlet temperature. The daily energy......A quasi-dynamic TRNSYS simulation model for a solar collector field with flat plate collectors and parabolic trough collectors in series was described and validated. A simplified method was implemented in TRNSYS in order to carry out long-term energy production analyses of the whole solar heating...... plant. The advantages of the model include faster computation with fewer resources, flexibility of different collector types in solar heating plant configuration and satisfactory accuracy in both dynamic and long-term analyses. In situ measurements were taken from a pilot solar heating plant with 5960 m...

  5. Fermilab turns 50! Congratulations!

    CERN Multimedia

    Staff Association

    2017-01-01

    This year Fermilab turns 50 and the celebrations are ongoing. The ties between CERN and Fermilab are numerous and have been ranging from competition between two labs at the forefront of their field, e.g. with the chase of the top quark, finally discovered by Fermilab, to outright collaboration, e.g. on LHC low-beta quadrupole magnet development and production and in the CMS collaboration. In June, in the name of the CERN staff and scientific community, the CERN Staff Association sent a message to the Fermilab staff and scientific community, through Dr. Nigel Lockyer, Fermilab Director. The letter, and the assurance from Nigel Lockyer that the message has been passed onto the Fermilab community can be found on our website. Congratulations to Fermilab on its fiftieth Anniversary, and to the staff and collaborators who made this laboratory through their hard work, dedication and vision!

  6. Virtual turning points

    CERN Document Server

    Honda, Naofumi; Takei, Yoshitsugu

    2015-01-01

    The discovery of a virtual turning point truly is a breakthrough in WKB analysis of higher order differential equations. This monograph expounds the core part of its theory together with its application to the analysis of higher order Painlevé equations of the Noumi–Yamada type and to the analysis of non-adiabatic transition probability problems in three levels. As M.V. Fedoryuk once lamented, global asymptotic analysis of higher order differential equations had been thought to be impossible to construct. In 1982, however, H.L. Berk, W.M. Nevins, and K.V. Roberts published a remarkable paper in the Journal of Mathematical Physics indicating that the traditional Stokes geometry cannot globally describe the Stokes phenomena of solutions of higher order equations; a new Stokes curve is necessary.

  7. Simulation of HPIB propagation in biased charge collector

    International Nuclear Information System (INIS)

    Li Hongyu; Qiu Aici

    2004-01-01

    A 2.5D PIC simulation using KARAT code for inner charge propagation within biased charge collector for measuring HPIB is presented. The simulation results indicate that the charges were neutralized but the current non-neutralized in the biased charge collector. The influence of ions collected vs biased voltage of the collector was also simulated. -800 V biased voltage can meet the measurement of 500 keV HPIB, and this is consistent with the experimental results

  8. Debt servicing and economic growth in Nigeria: an empirical ...

    African Journals Online (AJOL)

    In this study we reviewed and analyse the effect of external debt service payment practices on sustainable economic growth and development with particular emphasis on Nigeria. To achieve the objective of this research, we use debt payment to Multilateral Financial creditors, Paris club creditors, London club creditors, ...

  9. Empirical Investigation of External Debt-Growth Nexus in Sub ...

    African Journals Online (AJOL)

    Empirical Investigation of External Debt-Growth Nexus in Sub-Saharan Africa. ... distributed lag (PARDL) model and panel non-linear autoregressive distributed lag (PNARDL) model to examine the relationship between external debt and economic growth using a panel dataset of 22 countries from 1985 to 2015. Its results ...

  10. Analysis of domestic debt: implication for economic growth in Nigeria

    African Journals Online (AJOL)

    This paper principally analysed the importance of domestic debt on economic growth of Nigeria. The objective of the study is to investigate the relationship between government domestic debt and economic growth and policy that is likely to improve private sector investment and break growth resistance problem.

  11. 26 CFR 1.1275-5 - Variable rate debt instruments.

    Science.gov (United States)

    2010-04-01

    ... nonpublicly traded property. A debt instrument (other than a tax-exempt obligation) that would otherwise... variations in the cost of newly borrowed funds in the currency in which the debt instrument is denominated... on the yield of actively traded personal property (within the meaning of section 1092(d)(1)). (ii...

  12. 48 CFR 2131.205-3 - Bad debts.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Bad debts. 2131.205-3 Section 2131.205-3 Federal Acquisition Regulations System OFFICE OF PERSONNEL MANAGEMENT, FEDERAL... PRINCIPLES AND PROCEDURES Contracts With Commercial Organizations 2131.205-3 Bad debts. Erroneous benefit...

  13. 48 CFR 1631.205-71 - FEHBP bad debts.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true FEHBP bad debts. 1631.205-71 Section 1631.205-71 Federal Acquisition Regulations System OFFICE OF PERSONNEL MANAGEMENT FEDERAL... AND PROCEDURES Contracts With Commercial Organizations 1631.205-71 FEHBP bad debts. Erroneous benefit...

  14. Application of decision analysis in debt-for-environment swaps

    Energy Technology Data Exchange (ETDEWEB)

    Abu-Taleb, M.F. [Department of Civil Engineering, Applied Science University, PO Box 40, 11831, Amman (Jordan)

    2003-03-01

    Through a mandate by the Government of Jordan, a debt-for-environment swap initiative was designed to mobilize resources for programs that improve the Jordanian environment within a broad spectrum of conservation, water supply, sanitation, resource management, ecological protection, environmental education, and pollution abatement technology. As a debtor country, Jordan faces a severe debt burden (with debt-per-capita levels among the highest in the world), and is facing difficulty obtaining further credit to fill the gaps in hard currency requirements for imports. Debt swap converts outstanding debt obligations into local currency for approved national environmental programs and projects. With creditor countries favoring debt swap over debt forgiveness in general, and debt swap for environmental technology projects in particular, the initiative was launched to ensure both fiscal and environmental quality benefits. With donors requiring that project development and selection procedures be fair, unbiased, and transparent, a mechanism for ultimate selection was developed by the author solely for the initiative based on multiple objective optimization techniques. This paper formulates the necessary decision-analytic principles for the initiative and presents a discrete, defensible, and transparent model for selection of projects. The model ranks the projects in terms of environment and economic objectives and can be used for other generalized applications. (orig.)

  15. Response of Foreign Private Investment to Public Debt in Nigeria

    Directory of Open Access Journals (Sweden)

    Emenike Kalu O.

    2015-06-01

    Full Text Available The study investigates the long-term relationship and dynamic short-term impact of public debt on foreign private investment for a developing country – Nigeria during the period 1962 to 2012. The paper deploys cointegration model to examine long-term relationship between the variables. The study also examines dynamic short-term impact and causality between public debt and foreign private investment using the VECM and Granger causality test. The study further examines the response paths of foreign private investment variable due to public debts shocks using variance decomposition. The results confirm absence of long-term relationship between public debt and foreign private investment in Nigeria. The results also show that external debt has negative impact on foreign private investment in the short-term. Finally, the results show that there is no causality between foreign private investment and public debt. The major economic implication of these findings is for debt management authorities to be conscious of growing external debts as it discourages foreign private investments into Nigeria.

  16. Estimating the optimal growth-maximising public debt threshold for ...

    African Journals Online (AJOL)

    kirstam

    Dr N. Mupunga is at the Reserve Bank of Zimbabwe, and Prof. P. le Roux is .... The debt overhang has also led to a huge credit risk premium for both ..... includes gross government debt-to-GDP and economic growth ratios, including almost all ...

  17. Regulation of the Debt Sustainability of the Russian Economy

    Science.gov (United States)

    Seleznev, Alexander Z.; Chapluk, Vladimir Z.; Sayrenko, Tatiana N.; Sorokina, Larisa N.; Pertovskaya, Maria V.; Alekseenko, Elena A.

    2016-01-01

    The relevance of the investigating problem is caused by the need to reduce the total aggregated amount of debt in Russian economy in conditions of crisis and the strengthening of external anti-Russian sanctions. In this context, the purpose of this article is to identify measures aimed to regulate debt sustainability of the Russian economy using…

  18. Identifying Architectural Technical Debt in Android Applications through Compliance Checking

    NARCIS (Netherlands)

    Verdecchia, R.

    By considering the fast pace at which mobile applications need to evolve, Architectural Technical Debt results to be a crucial yet implicit factor of success. In this research we present an approach to automatically identify Architectural Technical Debt in Android applications. The approach takes

  19. 26 CFR 1.166-4 - Reserve for bad debts.

    Science.gov (United States)

    2010-04-01

    ... the bad debts reserves of certain mutual savings banks, domestic building and loan associations, and... 26 Internal Revenue 2 2010-04-01 2010-04-01 false Reserve for bad debts. 1.166-4 Section 1.166-4...) INCOME TAXES (CONTINUED) Itemized Deductions for Individuals and Corporations § 1.166-4 Reserve for bad...

  20. Debt servicing and economic growth in Nigeria: An empirical ...

    African Journals Online (AJOL)

    In this study we reviewed and analyse the effect of external debt service payment practices on sustainable economic growth and development with particular emphasis on Nigeria. To achieve the objective of this research, we use debt payment to Multilateral Financial creditors, Paris club creditors, London club creditors ...

  1. 7 CFR 1710.126 - Federal debt delinquency.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 11 2010-01-01 2010-01-01 false Federal debt delinquency. 1710.126 Section 1710.126... and Basic Policies § 1710.126 Federal debt delinquency. (a) Prior to approval of a loan or advance of... reasons for the delinquency must be explained, and RUS will take such explanation into consideration in...

  2. Concerns about Debt Hover over a Small College in Iowa

    Science.gov (United States)

    Blumenstyk, Goldie

    2009-01-01

    By just about every objective measure, the $88-million in debt that Wartburg College has carried since late 2005 poses a risk. The college's debt load--twice the amount that it takes in annually from tuition and other revenue--has raised red flags with its accreditor, alarmed some faculty members, and left Wartburg with a credit rating just one…

  3. Collateral and the limits of debt capacity: theory and evidence

    NARCIS (Netherlands)

    Giambona, E.; Mello, A.S.; Riddiough, T.

    2012-01-01

    This paper considers how collateral is used to finance a going concern, and demonstrates with theory and evidence that there are effective limits to debt capacity and the kinds of claims that are issued to deploy that debt capacity. The theory shows that firms with (unobservably) better quality

  4. Strategic debt in vertical relations : Evidence from Franchising

    NARCIS (Netherlands)

    de Jong, Abe; Jiang, Tao; Verwijmeren, Patrick

    In this paper, we examine the strategic use of debt in franchise organizations. We focus on both the franchisee's and the franchisor's capital structures. The primary goal of this study is to examine whether franchisors impose limits on franchisees' debt levels to be able to increase their own

  5. Government bond yields and foreign ownership of debt

    NARCIS (Netherlands)

    Broos, Menno; de Haan, Jakob

    2012-01-01

    We analyse the government bond yield spread vis-a-vis Germany for 10 countries in the euro area for the period 1991 to 2009. Our results suggest a positive relationship between the marginal impact of government debt on the spread and foreign ownership of the government debt of the country concerned

  6. 'Strange money': risk, finance and socialized debt.

    Science.gov (United States)

    Dodd, Nigel

    2011-03-01

    This paper explores an essential but neglected aspect of recent discussions of the banking and financial system, namely money itself. Specifically, I take up a distinction drawn by Susan Strange which has never been fully elaborated: between a financial system that is global, and an international monetary system that remains largely territorial. I propose a sociological elaboration of this distinction by examining each category, 'finance' and 'money', in terms of its distinctive orientation to risk and debt. Money is distinguished by its high degree of liquidity and low degree of risk, corresponding to expectations that derive from its status as a 'claim upon society'- a form of socialized debt. But as Strange argued, these features of money are being undermined by the proliferation of sophisticated instruments of financial risk management -'strange money'- that, as monetary substitutes, both weaken states' capacity to manage money, and more broadly, contribute to 'overbanking'. The ultimate danger, according to Strange, is the 'death of money'. The paper concludes by exploring the implications of the distinction for sociological arguments about the changing nature of money. © London School of Economics and Political Science 2011.

  7. A comparison of two cloudwater/fogwater collectors: The rotating arm collector and the caltech active strand cloudwater collector

    Science.gov (United States)

    Collett, Jeffrey L.; Daube, Bruce C.; Munger, J. William; Hoffmann, Michael R.

    A side-by-side comparison of the Rotating Arm Collector (RAC) and the Caltech Active Strand Cloudwater Collector (CASCC) was conducted at an elevated coastal site near the eastern end of the Santa Barbara Channel in southern California. The CASCC was observed to collect cloudwater at rates of up to 8.5 ml min -1. The ratio of cloudwater collection rates was found to be close to the theoretical prediction of 4.2:1 (CASCC:RAC) over a wide range of liquid water contents (LWC). At low LWC, however, this ratio climbed rapidly, possibly reflecting a predominance of small droplets under these conditions, coupled with a greater collection efficiency of small droplets by the CASCC. Cloudwater samples collected by the RAC had significantly higher concentrations of Na +, Ca 2+, Mg 2+ and Cl - than those collected by the CASCC. These higher concentrations may be due to differences in the chemical composition of large vs small droplets. No significant differences were observed in concentrations of NO 3-, SO 42- or NH 4+ in samples collected by the two instruments.

  8. High Performance Flat Plate Solar Thermal Collector Evaluation

    Energy Technology Data Exchange (ETDEWEB)

    Rockenbaugh, Caleb [National Renewable Energy Lab. (NREL), Golden, CO (United States); Dean, Jesse [National Renewable Energy Lab. (NREL), Golden, CO (United States); Lovullo, David [National Renewable Energy Lab. (NREL), Golden, CO (United States); Lisell, Lars [National Renewable Energy Lab. (NREL), Golden, CO (United States); Barker, Greg [National Renewable Energy Lab. (NREL), Golden, CO (United States); Hanckock, Ed [National Renewable Energy Lab. (NREL), Golden, CO (United States); Norton, Paul [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-09-01

    This report was prepared for the General Services Administration by the National Renewable Energy Laboratory. The Honeycomb Solar Thermal Collector (HSTC) is a flat plate solar thermal collector that shows promising high efficiencies over a wide range of climate zones. The technical objectives of this study are to: 1) verify collector performance, 2) compare that performance to other market-available collectors, 3) verify overheat protection, and 4) analyze the economic performance of the HSTC both at the demonstration sites and across a matrix of climate zones and utility markets.

  9. Adaptive control of solar energy collector systems

    CERN Document Server

    Lemos, João M; Igreja, José M

    2014-01-01

    This book describes methods for adaptive control of distributed-collector solar fields: plants that collect solar energy and deliver it in thermal form. Controller design methods are presented that can overcome difficulties found in these type of plants:they are distributed-parameter systems, i.e., systems with dynamics that depend on space as well as time;their dynamics is nonlinear, with a bilinear structure;there is a significant level of uncertainty in plant knowledge.Adaptive methods form the focus of the text because of the degree of uncertainty in the knowledge of plant dynamics. Parts

  10. Combined solar collector and storage systems

    International Nuclear Information System (INIS)

    Norton, B.; Smyth, M.; Eames, P.; Lo, S.N.G.

    2000-01-01

    The article discusses reasons why fossil-fuelled water heating systems are included in new houses but solar systems are not. The technology and market potential for evacuated tube systems and integral collector storage systems (ICSS) are explained. The challenge for the designers of ICSSWH has been how to reduce heat loss without compromising solar energy collection. A new concept for enhanced energy storage is described in detail and input/output data are given for two versions of ICSSWH units. A table compares the costs of ICSSWH in houses compared with other (i.e. fossil fuel) water heating systems

  11. Debt counselling services in Gauteng (South Africa: Consumers’ perspective

    Directory of Open Access Journals (Sweden)

    Kgomotso Hilda Masilo

    2014-09-01

    Full Text Available Debt counsellors are receiving a high number of applications from over-indebted consumers on a monthly basis. This paper investigates the effectiveness of debt counselling on consumer financial wellness. Three hundred consumers were surveyed and a response rate of 61% was achieved. Data was analysed using descriptive statistics. There was no evidence that consumers who received debt counselling improved in their financial standing. The article concluded that though debt counselling is important, it does not necessarily improve the financial prosperity of over-indebted consumers. The paper recommends that financial management education be part of the intervention methods that debt counsellors use when they counsel their clients. Consumers should be introduced to personal financial management education at an early age of their life.

  12. DEPENDENCE OF COUNTRY RISK COMPARED TO THE FOREIGN DEBT LEVEL

    Directory of Open Access Journals (Sweden)

    Angelica BĂCESCU-CĂRBUNARU

    2012-11-01

    Full Text Available The article presents some of the fundamental aspects of country risk’dependence compared to foreign debt level. Starting from external debt burden we analyze the usage of foreign loans, foreign debt bearing capacity as well as the availability of data regarding the external debt. Country risk represents the exposure to losses which may occur in a business with a foreign partner, caused by specific events that are, at least partially, controlled by the partner country’ government. Macroeconomic analysis of economic and financial component of country risk involves how this risk is influenced by government policy, by the economic role of government, bypricing strategies, investment priorities, financial structures, macroeconomic policy, by the ability to obtain foreign funds, the level of external debt as well as the liquidity and cash flows in that country.

  13. Testing for a Debt-Threshold Effect on Output Growth.

    Science.gov (United States)

    Lee, Sokbae; Park, Hyunmin; Seo, Myung Hwan; Shin, Youngki

    2017-12-01

    Using the Reinhart-Rogoff dataset, we find a debt threshold not around 90 per cent but around 30 per cent, above which the median real gross domestic product (GDP) growth falls abruptly. Our work is the first to formally test for threshold effects in the relationship between public debt and median real GDP growth. The null hypothesis of no threshold effect is rejected at the 5 per cent significance level for most cases. While we find no evidence of a threshold around 90 per cent, our findings from the post-war sample suggest that the debt threshold for economic growth may exist around a relatively small debt-to-GDP ratio of 30 per cent. Furthermore, countries with debt-to-GDP ratios above 30 per cent have GDP growth that is 1 percentage point lower at the median.

  14. Analysis of the debt burden in Russian economy sectors

    Directory of Open Access Journals (Sweden)

    Svetlana Popova

    2017-12-01

    Full Text Available This paper provides an analysis of the debt burden of Russian companies and raises the issue of debt-level heterogeneity across economic sectors. To identify the causes of this heterogeneity, it estimates a regression model that includes both fundamental explanatory variables of companies and industry fixed effects. The results of the analysis demonstrate that standard variables, such as profitability, company size, asset turnover, and fixed-asset turnover ratio have a strong statistical significance. However, these do not fully explain the variation in the debt levels of companies in different sectors. According to model estimation, there are other industry specific factors that produce an imbalance between fundamental factors and companies’ debt levels. An understanding of the formation process and structure of debt burden in individual industries is extremely important for the financial stability of companies and for an effective monetary policy.

  15. A Discussion on the European Debt Crisis by Fiscal Sociology

    Directory of Open Access Journals (Sweden)

    Chia-Jen Chang

    2013-10-01

    Full Text Available The purpose of this article is that discuss thereasons of European debt crisis. Every European country adopts austeritypolicy, which cannot solve government debt problems and further lead toeconomic exacerbation and continuous recession, based on the neoclassicaleconomic theory. In order to realize the root of European debt crisis, thisarticle adopts the reaseach method of fiscal sociology. In this study, wethink that the government debt problem is the result of economic profitsconflict based on the Fiscal Sociology. The economic profits conflict ofinvestment, consumption, international business and labor market will haveinfluence on the government’s revenue and expenditure. Furthermore, the root ofthe European debt crisis is the uneven income distribution by financializationand neoliberalism.

  16. Failure analysis of collector circuits associated with wind farms

    Directory of Open Access Journals (Sweden)

    Clifton Ashley P.

    2017-01-01

    Full Text Available Wind farm collector circuits generally comprise several wind turbine generators (WTG’s. WTG’s are connected in parallel to a substation. This connection acts as the point-of-connection to the national electricity grid. The electrical load in these circuits is close to component (power cables and accessories ratings. The objective of this paper is to identify cable joint failure paths; and, develop an understanding of specific contributing factors. All findings presented were established from literature review involving data analysis and discussion with industry experts working across the wind industry. Application of forces, inadequate workmanship, incorrect thermal resistance or other contributing factors, all contribute to high conductor operating temperatures. High conductor operating temperatures highlight issues including insufficient environmental heat transfer due to the use of inadequate cable trenching materials. This in turn results in the imbalanced application of force, experienced at the cable joint, as a direct result of frequent thermal expansion and contraction. For most cable joint failures, the root cause is insulation breakdown due to sustained deterioration of the cross-linked polyethylene insulation. This is a direct result from excessive operating temperatures.

  17. Debt management pays off! A Research on the Cost and Benefits of Debt Management in the Netherlands

    NARCIS (Netherlands)

    Marc Anderson; Dr. Nadja Jungmann

    2013-01-01

    The number of applications for debt management services in the Netherlands shows a steady increase of about 10 percent each year, over the last few years. Municipalities, responsible for these services, at the same need to cut back on expenditures. Our research shows that the (social) return on debt

  18. Effects of debt mutualization in a monetary union with endogenous risk premia : Can Eurobonds contribute to debt stabilization?

    NARCIS (Netherlands)

    van Aarle, B.; Engwerda, Jacob; Weeren, A.J.T.M.

    2017-01-01

    This paper analyses debt stabilization in a monetary union that features endogenous risk premia. In particular, debt stabilization in two diametrically opposed regimes is compared. In the first regime, the “national fiscal discipline regime”, financial markets impose sovereign risk premia based on

  19. Turn by Turn Measurements at the KEK-ATF

    CERN Document Server

    Renier, Y; Tomas, R; Wendt, M; Eddy, N; Kubo, K; Kuroda, S; Naito, T; Okugi, T; Terunuma, N; Urakawa, J

    2013-01-01

    The ATF damping ring has been upgraded with new read-out electronics for the beam position monitors (BPM), capable to acquire the beam orbits on a turn-by-turn basis, as well as in a high resolution averaging mode. The new BPM system allows to improve optic corrections and to achieve an even smaller vertical emittance (<2pm). Experimental results are presented based on turn-by-turn beam orbit measurements in the ring, for estimating the β functions and dispersion along the lattice. A fast method to measure spectral line amplitude in a few turns is also presented, including the evaluation of chromaticity.

  20. DT results of TFTR's alpha collector

    International Nuclear Information System (INIS)

    Herrmann, H.W.; Zweben, S.J.; Darrow, D.S.; Timberlake, J.R.; Macaulay-Newcombe, R.G.

    1996-01-01

    An escaping alpha collector probe has been developed for TFTR's DT phase to complement the results of the lost alpha scintillator detectors which have been operating on TFTR since 1988. Measurements of the energy distribution of escaping alphas have been made by measuring the range of alphas implanted into nickel foils located within the alpha collector. Exposed samples have been analyzed for 4 DT plasma discharges at plasma currents of 1.0 and 1.8 MA. The results at 1.0 MA are in good agreement with predictions for first orbit alpha loss at 3.5 MeV. The 1.8 MA results, however, indicate a large anomalous loss of partially thermalized alphas at an energy ∼30% below the birth energy and at a total fluence nearly an order of magnitude above expected first orbit loss. This anomalous loss is not observed with the lost alpha scintillator detectors in DT plasmas but does resemble the anomalous delayed loss seen in DD plasmas. Several potential explanations for this loss process are examined. None of the candidate explanations proposed thus far are fully consistent with the anomalous loss observations

  1. Protecting solar collector systems from corrosion

    Energy Technology Data Exchange (ETDEWEB)

    1978-01-01

    The main cause of the reduced life of a solar heating system is corrosion of the exterior parts and the internal components. This report outlines ways of reducing the cost of solar heating by reducing the corrosion in solar heating systems, and hence increasing the system's service life. Mechanisms for corrosion are discussed: these include galvanic corrosion and crevice corrosion. Means of minimizing corrosion at the design stage are then described. Such methods, when designing the solar collector, involve ensuring proper drainage of exterior water; eliminating situations where moisture, dirt and pollutants may collect; preventing condensation inside the collector; using proper gaskets and sealants at appropriate places; and selecting optimum materials and coatings. Interior corrosion can be minimized at the design stage by choosing a good heat transfer fluid and corrosion inhibitor, in the case of systems where liquids are used; ensuring a low enough flow rate to avoid erosion; designing the system to avoid crevices; and avoiding situations where galvanic corrosion could occur. Other procedures are given for minimizing corrosion in the construction and operation of solar heating systems. 7 figs., 7 tabs.

  2. The Virtual Debt Factory: Towards an Analysis of Debt and Abstraction in the American Credit Crisis

    Directory of Open Access Journals (Sweden)

    Vincent R. Manzerolle

    2010-08-01

    Full Text Available Emanating from the United States, the ongoing global credit crisis has provided important insights into a shady new area of capitalist exploitation: the consumer debt factory. In an effort to speed up and quantifiably increase the circulation of consumer credit to match the consumption needs of post-Fordist accumulation, this industry—comprising financial institutions, consumer database companies, and credit rating agencies—has created a highly detailed body of information to stand-in for the corporeal self. This paper therefore examines this industry’s conceptualization of the self as a disembodied mechanism for mass-producing debt, creating a highly volatile informational commodity divorced from all material constraints. In using the credit crisis as a focal point, this paper considers how the far-reaching credit apparatus at the heart of the debt factory gives rise to the fatal abstractions that support, and ultimately undermine, contemporary capitalist economies. By substituting data for flesh, the credit industry has created an antagonism between the material and informational forms of the self, resulting in the construction of a virtual debtors prison. The ensuing analysis will highlight both the exploitative nature of this bifurcation as well as its profound contradictions.

  3. Cascades in multiplex financial networks with debts of different seniority

    Science.gov (United States)

    Brummitt, Charles D.; Kobayashi, Teruyoshi

    2015-06-01

    The seniority of debt, which determines the order in which a bankrupt institution repays its debts, is an important and sometimes contentious feature of financial crises, yet its impact on systemwide stability is not well understood. We capture seniority of debt in a multiplex network, a graph of nodes connected by multiple types of edges. Here an edge between banks denotes a debt contract of a certain level of seniority. Next we study cascading default. There exist multiple kinds of bankruptcy, indexed by the highest level of seniority at which a bank cannot repay all its debts. Self-interested banks would prefer that all their loans be made at the most senior level. However, mixing debts of different seniority levels makes the system more stable in that it shrinks the set of network densities for which bankruptcies spread widely. We compute the optimal ratio of senior to junior debts, which we call the optimal seniority ratio, for two uncorrelated Erdős-Rényi networks. If institutions erode their buffer against insolvency, then this optimal seniority ratio rises; in other words, if default thresholds fall, then more loans should be senior. We generalize the analytical results to arbitrarily many levels of seniority and to heavy-tailed degree distributions.

  4. Scale-invariant properties of public-debt growth

    Science.gov (United States)

    Petersen, A. M.; Podobnik, B.; Horvatic, D.; Stanley, H. E.

    2010-05-01

    Public debt is one of the important economic variables that quantitatively describes a nation's economy. Because bankruptcy is a risk faced even by institutions as large as governments (e.g., Iceland), national debt should be strictly controlled with respect to national wealth. Also, the problem of eliminating extreme poverty in the world is closely connected to the study of extremely poor debtor nations. We analyze the time evolution of national public debt and find "convergence": initially less-indebted countries increase their debt more quickly than initially more-indebted countries. We also analyze the public debt-to-GDP ratio {\\cal R} , a proxy for default risk, and approximate the probability density function P({\\cal R}) with a Gamma distribution, which can be used to establish thresholds for sustainable debt. We also observe "convergence" in {\\cal R} : countries with initially small {\\cal R} increase their {\\cal R} more quickly than countries with initially large {\\cal R} . The scaling relationships for debt and {\\cal R} have practical applications, e.g. the Maastricht Treaty requires members of the European Monetary Union to maintain {\\cal R} < 0.6 .

  5. Physically absorbable reagents-collectors in elementary flotation

    Energy Technology Data Exchange (ETDEWEB)

    S.A. Kondrat' ev; I.G. Bochkarev [Russian Academy of Sciences, Novosibirsk (Russian Federation). Institute of Mining

    2007-09-15

    Based on the reviewed researches held at the Institute of Mining, Siberian Branch, Russian Academy of Sciences, the effect of physically absorbable reagents-collectors on formation of a flotation complex and its stability in turbulent pulp flows in flotation machines of basic types is considered. The basic requirements for physically absorbable reagents-collectors at different flotation stages are established.

  6. Preliminary design package for solar collector and solar pump

    Science.gov (United States)

    1978-01-01

    A solar-operated pump using an existing solar collector, for use on solar heating and cooling and hot water systems is described. Preliminary design criteria of the collector and solar-powered pump is given including: design drawings, verification plans, and hazard analysis.

  7. ANALYSIS AND MODELING OF SOLAR EVAPORATOR-COLLECTOR

    Directory of Open Access Journals (Sweden)

    Zakaria Mohd. Amin

    2015-11-01

    Full Text Available Solar energy is considered a sustainable resource that poses little to no harmful effects on the environment. The performance of a solar system depends to a great extent on the collector used for the conversion of solar radiant energy to thermal energy. A solar evaporator-collector (SEC is basically an unglazed flat plate collector where refrigerants, such as R134a is used as the working fluid. As the operating temperature of the SEC is very low, it utilizes both solar irradiation and ambient energy leading to a much higher efficiency than the conventional collectors. This capability of SECs to utilize ambient energy also enables the system to operate at night. This type of collector can be locally made and is relatively much cheaper than the conventional collector.   At the National University of Singapore, the evaporator-collector was integrated to a heat pump and the performance was investigated for several thermal applications: (i water heating, (ii drying and (iii desalination. A 2-dimensional transient mathematical model of this system was developed and validated by experimental data. The present study provides a comprehensive study of performance. KEYWORDS: heat pump; evaporator-collector.

  8. Efficiency improvement of flat plate solar collector using reflector

    Directory of Open Access Journals (Sweden)

    Himangshu Bhowmik

    2017-11-01

    Full Text Available Solar collectors are the main components of a solar heating system. The collectors collect the sun’s energy, transform this radiation into heat, and then transfer this heat into a fluid, water or air, which has many household or industrial applications. This paper introduces a new technology to improve the performance of the solar thermal collectors. The solar reflector used here with the solar collector to increase the reflectivity of the collector. Thus, the reflector concentrates both direct and diffuse radiation of the sun toward the collector. To maximize the intensity of incident radiation, the reflector was allowed to change its angle with daytime. The radiations coming from the sun’s energy were converted into heat, and then this heat was transferred to the collector fluid, water. A prototype of a solar water heating system was constructed and obtained the improvement of the collector efficiency around 10% by using the reflector. Thus, the present solar water heating systems having the best thermal performance compared to the available systems.

  9. Direct-heating solar-collector dump valve

    Science.gov (United States)

    Howikman, T. C.

    1977-01-01

    Five-port ganged valve isolates collector from primary load system pressure and drains collectors, allowing use of direct heating with all its advantages. Valve is opened and closed by same switch that controls pump or by temperature sensor set at O C, while providing direct dump option.

  10. Diagnostics of defeats of venous collectors of brain

    International Nuclear Information System (INIS)

    Timofeeva, T.V.; Polunina, I.S.; Shcherbakova, E.Ya.; Kuldakova, S.V.

    1997-01-01

    Comparative data of transcranial ultrasonic dopplerography (170 patients) and radionuclidous antroscintigraphy (124), received during diagnostics of defects of venous collectors of brain are analyzed. Five variants of defeats of venous collectors (cross, sigmoid, internal of jugular of jugular vein), but also unpaired sine (direct, confluent) are described. Received results permit to reveal interrelation of infringements of venous outflow and increase of intracranial pressure

  11. Advances in design of air-heating collectors

    CSIR Research Space (South Africa)

    Johannsen, A

    1982-11-01

    Full Text Available Principles of the operation of air-heating collectors are discussed. The fundamental differences between the design principles of air-heating as opposed to water-heating collectors are highlighted. The main requirement is the transfer of heat from...

  12. Thermal performances of vertical hybrid PV/T air collector

    Science.gov (United States)

    Tabet, I.; Touafek, K.; Bellel, N.; Khelifa, A.

    2016-11-01

    In this work, numerical analyses and the experimental validation of the thermal behavior of a vertical photovoltaic thermal air collector are investigated. The thermal model is developed using the energy balance equations of the PV/T air collector. Experimental tests are conducted to validate our mathematical model. The tests are performed in the southern Algerian region (Ghardaïa) under clear sky conditions. The prototype of the PV/T air collector is vertically erected and south oriented. The absorber upper plate temperature, glass cover temperature, air temperature in the inlet and outlet of the collector, ambient temperature, wind speed, and solar radiation are measured. The efficiency of the collector increases with increase in mass flow of air, but the increase in mass flow of air reduces the temperature of the system. The increase in efficiency of the PV/T air collector is due to the increase in the number of fins added. In the experiments, the air temperature difference between the inlet and the outlet of the PV/T air collector reaches 10 ° C on November 21, 2014, the interval time is between 10:00 and 14:00, and the temperature of the upper plate reaches 45 ° C at noon. The mathematical model describing the dynamic behavior of the typical PV/T air collector is evaluated by calculating the root mean square error and mean absolute percentage error. A good agreement between the experiment and the simulation results is obtained.

  13. A study of the flat plate solar collector in Guinea

    International Nuclear Information System (INIS)

    Boye Barry, M.

    1990-12-01

    In this paper, we study a collector, made by cheap local materials (wood, aluminium, etc.), and prepared in the carpenteries, and in the mechanic work rooms with a simple technology. The efficiency of our collector is compared with several variants made in other countries. (author). 9 refs, 6 figs, 2 tabs

  14. Statistical ensembles for money and debt

    Science.gov (United States)

    Viaggiu, Stefano; Lionetto, Andrea; Bargigli, Leonardo; Longo, Michele

    2012-10-01

    We build a statistical ensemble representation of two economic models describing respectively, in simplified terms, a payment system and a credit market. To this purpose we adopt the Boltzmann-Gibbs distribution where the role of the Hamiltonian is taken by the total money supply (i.e. including money created from debt) of a set of interacting economic agents. As a result, we can read the main thermodynamic quantities in terms of monetary ones. In particular, we define for the credit market model a work term which is related to the impact of monetary policy on credit creation. Furthermore, with our formalism we recover and extend some results concerning the temperature of an economic system, previously presented in the literature by considering only the monetary base as a conserved quantity. Finally, we study the statistical ensemble for the Pareto distribution.

  15. Land Clearing and the Biofuel Carbon Debt

    Science.gov (United States)

    Fargione, Joseph; Hill, Jason; Tilman, David; Polasky, Stephen; Hawthorne, Peter

    2008-02-01

    Increasing energy use, climate change, and carbon dioxide (CO2) emissions from fossil fuels make switching to low-carbon fuels a high priority. Biofuels are a potential low-carbon energy source, but whether biofuels offer carbon savings depends on how they are produced. Converting rainforests, peatlands, savannas, or grasslands to produce food crop based biofuels in Brazil, Southeast Asia, and the United States creates a “biofuel carbon debt” by releasing 17 to 420 times more CO2 than the annual greenhouse gas (GHG) reductions that these biofuels would provide by displacing fossil fuels. In contrast, biofuels made from waste biomass or from biomass grown on degraded and abandoned agricultural lands planted with perennials incur little or no carbon debt and can offer immediate and sustained GHG advantages.

  16. The debt crisis: a re-appraisal

    Directory of Open Access Journals (Sweden)

    Carlos Alberto Cinquetti

    2005-09-01

    Full Text Available The 1980s' debt crisis is a landmark in developing economies' growth and stabilization. According to the most quoted empirical articles, external shocks and vicissitudes gave rise to crisis just because of delays in stabilization policies, engendered by internal conflicts and institutional immaturity. I review some of these papers, and find out some problems - in the measurement of shocks and foreign indebtedness, namely - whose corrections lead to opposite results: external shocks and foreign indebtedness explain that crisis regardless of domestic policies. At the same time, the strong correlation of income distribution to terms of trade changes and foreign indebtedness suggest that inequality may have contributed differently to that crisis: either through an economic channel, or through a political channel based on delays in reforms.

  17. Annual measured and simulated thermal performance analysis of a hybrid solar district heating plant with flat plate collectors and parabolic trough collectors in series

    DEFF Research Database (Denmark)

    Tian, Zhiyong; Perers, Bengt; Furbo, Simon

    2017-01-01

    Flat plate collectors have relatively low efficiency at the typical supply temperatures of district heating networks (70–95 °C). Parabolic trough collectors retain their high efficiency at these temperatures. To maximize the advantages of flat plate collectors and parabolic trough collectors in l...... for this type of hybrid solar district heating plants with flat plate collectors and parabolic trough collectors in the Nordic region, but also introduce a novel design concept of solar district heating plants to other high solar radiation areas....... in large solar heating plants for a district heating network, a hybrid solar collector field with 5960 m2 flat plate collectors and 4039 m2 parabolic trough collectors in series was constructed in Taars, Denmark. The design principle is that the flat plate collectors preheat the return water from...

  18. Selective flotation of phosphate minerals with hydroxamate collectors

    Science.gov (United States)

    Miller, Jan D.; Wang, Xuming; Li, Minhua

    2002-01-01

    A method is disclosed for separating phosphate minerals from a mineral mixture, particularly from high-dolomite containing phosphate ores. The method involves conditioning the mineral mixture by contacting in an aqueous in environment with a collector in an amount sufficient for promoting flotation of phosphate minerals. The collector is a hydroxamate compound of the formula; ##STR1## wherein R is generally hydrophobic and chosen such that the collector has solubility or dispersion properties it can be distributed in the mineral mixture, typically an alkyl, aryl, or alkylaryl group having 6 to 18 carbon atoms. M is a cation, typically hydrogen, an alkali metal or an alkaline earth metal. Preferably, the collector also comprises an alcohol of the formula, R'--OH wherein R' is generally hydrophobic and chosen such that the collector has solubility or dispersion properties so that it can be distributed in the mineral mixture, typically an alkyl, aryl, or alkylaryl group having 6 to 18 carbon atoms.

  19. Performance of solar collectors under low temperature conditions

    DEFF Research Database (Denmark)

    Bunea, Mircea; Eicher, Sara; Hildbrand, Catherine

    The performance of four solar thermal collectors (flat plate, evacuated tube, unglazed with rear insulation and unglazed without rear insulation) was experimentally measured and simulated for temperatures below ambient. The influence of several parameters (e.g. collector inlet temperature, air...... evaluated and results compared to experimental measurements. A mathematical model is also under development to include, in addition to the condensation phenomena, the frost, the rain and the long-wave radiation gains/losses on the rear of the solar collector. While the potential gain from rain was estimated...... to be around 2%, frost heat gains were measured to be up to 40% per day, under specific conditions. Overall, results have shown that unglazed collectors are more efficient than flat plate or evacuated tube collectors at low operation temperatures or for night conditions, making them more suitable for heat pump...

  20. A solar air collector with integrated latent heat thermal storage

    Directory of Open Access Journals (Sweden)

    Klimes Lubomir

    2012-04-01

    Full Text Available Simulations of the behaviour of a solar air collector with integrated latent heat thermal storage were performed. The model of the collector was created with the use of coupling between TRNSYS 17 and MATLAB. Latent heat storage (Phase Change Material - PCM was integrated with the solar absorber. The model of the latent heat storage absorber was created in MATLAB and the model of the solar air collector itself was created in TRNSYS with the use of TYPE 56. The model of the latent heat storage absorber allows specification of the PCM properties as well as other parameters. The simulated air collector was the front and back pass collector with the absorber in the middle of the air cavity. Two variants were considered for comparison; the light-weight absorber made of sheet metal and the heat-storage absorber with the PCM. Simulations were performed for the climatic conditions of the Czech Republic (using TMY weather data.

  1. Thermal analysis of gyrotron traveling-wave tube collector

    International Nuclear Information System (INIS)

    Zheng Zhiqing; Luo Yong; Jiang Wei; Tang Yong

    2013-01-01

    In order to solve cooling problem of the gyrotron traveling-wave tube(TWT) collector and guarantee the gyrotron TWT's reliability and stability, the electron trajectories in the gyrotron TWT are simulated using CST electron simulation software. Thermal analysis of the collector with finite element software ANSYS is performed. The ways of applying boundary that affects the distribution of collector temperature are compared. The influence of the water temperature and flow rate on collector temperature distribution under actual heat fluxes (boundary condition) is researched. The size and number of collector fins are optimized, and a relatively perfect structure is obtained finally. The result estimated by simulation is consistent with the experiment and proves that the model and method employed in this work are suitable. (authors)

  2. Mathematical modelling of unglazed solar collectors under extreme operating conditions

    DEFF Research Database (Denmark)

    Bunea, M.; Perers, Bengt; Eicher, S.

    2015-01-01

    average temperature levels at the evaporator. Simulation of these systems requires a collector model that can take into account operation at very low temperatures (below freezing) and under various weather conditions, particularly operation without solar irradiation.A solar collector mathematical model......Combined heat pumps and solar collectors got a renewed interest on the heating system market worldwide. Connected to the heat pump evaporator, unglazed solar collectors can considerably increase their efficiency, but they also raise the coefficient of performance of the heat pump with higher...... was found due to the condensation phenomenon and up to 40% due to frost under no solar irradiation. This work also points out the influence of the operating conditions on the collector's characteristics.Based on experiments carried out at a test facility, every heat flux on the absorber was separately...

  3. Test results, Industrial Solar Technology parabolic trough solar collector

    Energy Technology Data Exchange (ETDEWEB)

    Dudley, V.E. [EG and G MSI, Albuquerque, NM (United States); Evans, L.R.; Matthews, C.W. [Sandia National Labs., Albuquerque, NM (United States)

    1995-11-01

    Sandia National Laboratories and Industrial Solar Technology are cost-sharing development of advanced parabolic trough technology. As part of this effort, several configurations of an IST solar collector were tested to determine the collector efficiency and thermal losses with black chrome and black nickel receiver selective coatings, combined with aluminized film and silver film reflectors, using standard Pyrex{reg_sign} and anti-reflective coated Pyrex{reg_sign} glass receiver envelopes. The development effort has been successful, producing an advanced collector with 77% optical efficiency, using silver-film reflectors, a black nickel receiver coating, and a solgel anti-reflective glass receiver envelope. For each receiver configuration, performance equations were empirically derived relating collector efficiency and thermal losses to the operating temperature. Finally, equations were derived showing collector performance as a function of input insolation value, incident angle, and operating temperature.

  4. Project 'Colored solar collectors' - Annual report 2005

    Energy Technology Data Exchange (ETDEWEB)

    Schueler, A.; Chambrier, E. De; Roecker, Ch.; Scartezzini, J. -L.

    2005-12-15

    The architectural integration of thermal solar collectors into buildings is often limited by their black color, and the visibility of tubes and corrugations of the absorber sheets. A certain freedom in color choice would be desirable, but the colored appearance should not cause excessive performance degradation. Multilayered thin film interference filters on the collector glazing can produce a colored reflection, hiding the corrugated metal sheet, while transmitting the non-reflected radiation entirely to the absorber. These interference filters are designed and optimized by numerical simulation and shall be manufactured by the sol-gel dip-coating process. The proposed colored glazed solar collectors will be ideally suited for architectural integration into buildings, e.g. as solar active glass facades. The availability of thin film materials with a refractive index lower than that of silicon favors a higher solar transmission at a given value of visible reflectance. The feasibility of the sol-gel deposition of such low refractive index materials has been demonstrated. For the development of nanostructured materials, analytical methods such as electron microscopy are extremely helpful. Important techniques of substrate pretreatment, sample cleaving, polishing, mounting, and microscope handling have been acquired. First measurements yield images of nanostructures produced by the sol-gel dip-coating process. Nanocomposite Ti{sub x}Si{sub 1-x}O{sub 2} thin films provide a large range of refractive indices. Aiming a high efficiency of the colored reflection, Ti{sub x}Si{sub 1-x}O{sub 2} based multilayered coatings have been designed and subsequently prepared by sol-gel dip-coating. The energy efficiency M = R{sub VIS}/(100%-T{sub sol}) of the obtained colored reflection amounts up to 2.4. For a convincing demonstration sufficiently large samples of high quality are imperatively needed. An infrastructure for the handling of A4 sized samples has been established

  5. 7 CFR 792.18 - Referral of debts to Department of Justice.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 7 2010-01-01 2010-01-01 false Referral of debts to Department of Justice. 792.18... § 792.18 Referral of debts to Department of Justice. (a) Debts that exceed $100,000.00 exclusive of... referred to the Department of Justice before they can be discharged. (b) Debts which cannot be compromised...

  6. 36 CFR 1011.14 - How will the Presidio Trust report debts to credit bureaus?

    Science.gov (United States)

    2010-07-01

    ... 36 Parks, Forests, and Public Property 3 2010-07-01 2010-07-01 false How will the Presidio Trust... TRUST DEBT COLLECTION Procedures To Collect Presidio Trust Debts § 1011.14 How will the Presidio Trust report debts to credit bureaus? The Presidio Trust will report delinquent debts to credit bureaus in...

  7. 26 CFR 1.593-7 - Establishment and treatment of reserves for bad debts.

    Science.gov (United States)

    2010-04-01

    ....593-10. (2) Bad debt losses. Any bad debt in respect of a nonqualifying loan shall be charged against the reserve for losses on nonqualifying loans, and any bad debt in respect of a qualifying real... option of the taxpayer, however, any bad debt in respect of either class of loans may be charged in whole...

  8. ASPECTS OF ECONOMIC CRISIS IN THE ADMINISTRATION OF GOVERNMENT DEBT

    Directory of Open Access Journals (Sweden)

    UDRIŞTIOIU ANCA ROXANA

    2012-06-01

    Full Text Available The recent years have been characterized by the general influence of the crisis on the economic growth of the states, thus triggering the significant rise in the level of budget deficit and public debt. Under these circumstances, it is highly important that we know the real causes of the rise in public debt, its effects, and also the management strategy of the government public debt. What we aim to do is to take a glimpse into the real economic situation of the country, and in order to understand the crisis impact on it, we will review the economic facts of the last 10 years.

  9. Brief history of US debt limits before 1939.

    Science.gov (United States)

    Hall, George J; Sargent, Thomas J

    2018-03-20

    Between 1776 and 1920, the US Congress designed more than 200 distinct securities and stated the maximum amount of each that the Treasury could sell. Between 1917 and 1939, Congress gradually delegated all decisions about designing US debt instruments to the Treasury. In 1939, Congress began imposing a limit on the par value of total federal debt outstanding. By summing Congressional borrowing authorizations outstanding each year for each bond, we construct a time series of implied federal debt limits before 1939. Copyright © 2018 the Author(s). Published by PNAS.

  10. The Domestic Origins of Sudan's External Debt Crisis

    Directory of Open Access Journals (Sweden)

    Abdel Rahman Ahmed Abdel Rahman

    1995-12-01

    Full Text Available Domestic factors played a significant role in Sudan's external debt crisis which emerged in the early 1980's. Personal rule and related political survival considerations undermined on-going economic adjustment programmes and prompted heavy external borrowing. Borrowing from abroad went unchecked because of the absence of an effective debt management system. It was also fuelled by economic corruption and the decline of cotton, Sudan's principal export crop. The absence of an effective debt management mechanism and economic corruption were a product of the lack of political and fiscal accountability in the context of personal rule.

  11. Investment Timing, Liquidity, and Agency Costs of Debt

    DEFF Research Database (Denmark)

    Hirth, Stefan; Uhrig-Homburg, Marliese

    2010-01-01

    This paper examines the effect of debt and liquidity on corporate investment in a continuous-time framework. We show that stockholder-bondholder agency conflicts cause investment thresholds to be U-shaped in leverage and decreasing in liquidity. In the absence of tax effects, we derive the optimal...... level of liquid funds that eliminates agency costs by implementing the first-best investment policy for a given capital structure. In a second step we generalize the framework by introducing a tax advantage of debt, and we show that an interior solution for liquidity and capital structure optimally...... trades off tax benefits and agency costs of debt....

  12. The Greek Public Debt Path: From Zero to Infinity

    OpenAIRE

    Sardelis, Dimitris

    2012-01-01

    The aim of the present article is to treat the Greek public debt issue strictly as a curve fitting problem. Thus, based on Eurostat data and using the Mathematica technical computing software, an exponential function that best fits the data is determined modelling how the Greek public debt expands with time. Exploring the main features of this best fit model, it is concluded that the Greek public debt cannot possibly be serviced in the long run unless a radical growth is implemented and/or pa...

  13. State Debt of the Republic of Moldova as Essential Factor of the Country Risk

    Directory of Open Access Journals (Sweden)

    Rodica HINCU

    2010-12-01

    Full Text Available State Debt of the Republic of Moldova as Essential Factor of the Country Risk Abstract: This paper discusses issues concerning of the state debt risk related to the Republic of Moldova and the determinants of the state debt in the context of the country risk. Special attention is devoted to analyzing the dynamics and structure of Moldova's foreign debt by currency and sector, in terms of the components parts of the foreign debt risk of Moldova - refinancing risk, currency risk and interest rate risk. It is analyzed the external state debt, publicly guaranteed, and non-guaranteed private external debt.

  14. Analysis of WWER 1000 collector cracking mechanisms

    Energy Technology Data Exchange (ETDEWEB)

    Matocha, K.; Wozniak, J. [Vitkovice J.S.C., Ostrava (Switzerland)

    1997-12-31

    The presentation reviews the large experimental program, started in 1993 in Vitkovice, where the main aim was: (1) a detailed study of strain and thermal ageing, dissolved oxygen content and temperature on subcritical crack growth in 10NiMo8.5 (10GN2MFA) steel, (2) a detailed study of the effect of high temperature water and tube expansion technology on fracture behaviour of ligaments between holes for heat exchange tubes, and (3) a detailed study of the effect of drilling, tube expansion technology and heat treatment on residual stresses on the surface of holes for heat exchange tubes. The aim of all these investigations was to find a dominant damage mechanism responsible for collector cracking to be able to judge the efficiency of implemented modifications and suggested countermeasures and to answer a very important question whether proper operation conditions (mainly water chemistry) make the operation of steam generators made in Vitcovice safe throughout the planned lifetime. 10 refs.

  15. Analysis of WWER 1000 collector cracking mechanisms

    Energy Technology Data Exchange (ETDEWEB)

    Matocha, K; Wozniak, J [Vitkovice J.S.C., Ostrava (Switzerland)

    1998-12-31

    The presentation reviews the large experimental program, started in 1993 in Vitkovice, where the main aim was: (1) a detailed study of strain and thermal ageing, dissolved oxygen content and temperature on subcritical crack growth in 10NiMo8.5 (10GN2MFA) steel, (2) a detailed study of the effect of high temperature water and tube expansion technology on fracture behaviour of ligaments between holes for heat exchange tubes, and (3) a detailed study of the effect of drilling, tube expansion technology and heat treatment on residual stresses on the surface of holes for heat exchange tubes. The aim of all these investigations was to find a dominant damage mechanism responsible for collector cracking to be able to judge the efficiency of implemented modifications and suggested countermeasures and to answer a very important question whether proper operation conditions (mainly water chemistry) make the operation of steam generators made in Vitcovice safe throughout the planned lifetime. 10 refs.

  16. Study of Cylindrical Honeycomb Solar Collector

    Directory of Open Access Journals (Sweden)

    Atish Mozumder

    2014-01-01

    Full Text Available We present the results of our investigation on cylindrical honeycomb solar collector. The honeycomb has been fabricated with transparent cellulose triacetate polymer sheets. Insulation characteristics of the honeycomb were studied by varying the separation between the honeycomb and the absorber plate. The optimal value of the separation was found to be 3.3 mm for which the heat transfer coefficient is 3.06 W m−2 K−1. This supports result of previous similar experiments. Further we test the honeycomb through a field experiment conducted in Delhi (28.6°N, 77°E and found that when the incident angle of the solar radiation is within 20° then the performance of the system with the honeycomb is better than the one without the honeycomb.

  17. A financial planning model for estimating hospital debt capacity.

    Science.gov (United States)

    Hopkins, D S; Heath, D; Levin, P J

    1982-01-01

    A computer-based financial planning model was formulated to measure the impact of a major capital improvement project on the fiscal health of Stanford University Hospital. The model had to be responsive to many variables and easy to use, so as to allow for the testing of numerous alternatives. Special efforts were made to identify the key variables that needed to be presented in the model and to include all known links between capital investment, debt, and hospital operating expenses. Growth in the number of patient days of care was singled out as a major source of uncertainty that would have profound effects on the hospital's finances. Therefore this variable was subjected to special scrutiny in terms of efforts to gauge expected demographic trends and market forces. In addition, alternative base runs of the model were made under three distinct patient-demand assumptions. Use of the model enabled planners at the Stanford University Hospital (a) to determine that a proposed modernization plan was financially feasible under a reasonable (that is, not unduly optimistic) set of assumptions and (b) to examine the major sources of risk. Other than patient demand, these sources were found to be gross revenues per patient, operating costs, and future limitations on government reimbursement programs. When the likely financial consequences of these risks were estimated, both separately and in combination, it was determined that even if two or more assumptions took a somewhat more negative turn than was expected, the hospital would be able to offset adverse consequences by a relatively minor reduction in operating costs. PMID:7111658

  18. Predicting beta-turns and their types using predicted backbone dihedral angles and secondary structures.

    Science.gov (United States)

    Kountouris, Petros; Hirst, Jonathan D

    2010-07-31

    Beta-turns are secondary structure elements usually classified as coil. Their prediction is important, because of their role in protein folding and their frequent occurrence in protein chains. We have developed a novel method that predicts beta-turns and their types using information from multiple sequence alignments, predicted secondary structures and, for the first time, predicted dihedral angles. Our method uses support vector machines, a supervised classification technique, and is trained and tested on three established datasets of 426, 547 and 823 protein chains. We achieve a Matthews correlation coefficient of up to 0.49, when predicting the location of beta-turns, the highest reported value to date. Moreover, the additional dihedral information improves the prediction of beta-turn types I, II, IV, VIII and "non-specific", achieving correlation coefficients up to 0.39, 0.33, 0.27, 0.14 and 0.38, respectively. Our results are more accurate than other methods. We have created an accurate predictor of beta-turns and their types. Our method, called DEBT, is available online at http://comp.chem.nottingham.ac.uk/debt/.

  19. The dynamics and economic impact of foreign debt in South Africa

    OpenAIRE

    2010-01-01

    D.Comm. Foreign debt affects the economy through three main channels, namely: the debt overhang effect, the liquidity constraint effect and the uncertainty effect. The main aim of this study is to derive an optimal level of foreign debt relative to Gross Domestic Product (GDP) for South Africa by investigating these channels. Incurring foreign debt is like a double edge sword. On the one side the foreign debt is needed for economic development (from a demand perspective) and on the other s...

  20. Sandstone Turning by Abrasive Waterjet

    Czech Academy of Sciences Publication Activity Database

    Hlaváček, Petr; Cárach, J.; Hloch, Sergej; Vasilko, K.; Klichová, Dagmar; Klich, Jiří; Lehocká, D.

    2015-01-01

    Roč. 48, č. 6 (2015), s. 2489-2493 ISSN 0723-2632 R&D Projects: GA MŠk ED2.1.00/03.0082; GA MŠk(CZ) LO1406 Institutional support: RVO:68145535 Keywords : turning away from the jet * conventional turning towards the jet * sandstone * abrasive water jet Subject RIV: JQ - Machines ; Tools Impact factor: 2.386, year: 2015 http://www.springerprofessional.de/sandstone-turning-by-abrasive-waterjet/6038028.html

  1. DEBT AND AGENCY CONFLICT IN INDONESIAN MANUFACTURING FIRMS

    Directory of Open Access Journals (Sweden)

    Hendra Wijaya

    2017-04-01

    Full Text Available Companies in Indonesia have shareholders who are not dispersed or in other words the ownership is only held by one majority shareholder. This study examined the effects of investment decision on the firm value and the debt moderation on the effects of investment decisions on firm value. Debt moderation was used to test the agency conflict of debt use on investment decision. The company samples in this research were 90 companies.This research was conducted by using panel data regression with moderation. This study found that investment decision had a positive effect on firm value and the use of higher debt could lower the positive effect of investment decision on firm value.

  2. 29 CFR 100.603 - Debts that are covered.

    Science.gov (United States)

    2010-07-01

    ... whole or in part on conduct in violation of the antitrust laws; (4) A debt under the Internal Revenue... fraud, false claims, misrepresentation, or which violate antitrust laws will be promptly referred to the...

  3. Empirical Investigation of External Debt-Growth Nexus in Sub ...

    African Journals Online (AJOL)

    Nneka Umera-Okeke

    11 (3), S/NO 47, JULY, 2017. 142. Copyright © International .... public spending or distortionary taxation, with adverse influences on growth. In the ..... fatigue, fiscal space and debt sustainability in advanced economies. Econ. J. 123. (566) ...

  4. Risk of Debt-Based Financing in Indonesian Islamic Banking

    Directory of Open Access Journals (Sweden)

    Kharisya Ayu Effendi

    2017-05-01

    Full Text Available The purpose of this study is to know the risk of debt-based financing in Islamic banking in Indonesia by using an accounting based calculation, those are NPF analysis, Credit risk Z-score and Altman Z-score. This study is telling about the risk of debt-based finacing on Indonesian Islamic banking using an accounting based measurement, those are NPF analysis, Credit Risk Z-score analysis and Altman Z-score analysis. The data was obtained from 2011 to 2015 from the website of each bank. The result is a risk on debt-based financing on Indonesian Islamic banking is low. The measurement using 3 accounting based measurement tool gives a consistent result, that is Indonesian Islamic banking use a debt-based financing have a high financial stability and a low risk.DOI: 10.15408/aiq.v9i2.4821

  5. Debt and growth: A non-parametric approach

    Science.gov (United States)

    Brida, Juan Gabriel; Gómez, David Matesanz; Seijas, Maria Nela

    2017-11-01

    In this study, we explore the dynamic relationship between public debt and economic growth by using a non-parametric approach based on data symbolization and clustering methods. The study uses annual data of general government consolidated gross debt-to-GDP ratio and gross domestic product for sixteen countries between 1977 and 2015. Using symbolic sequences, we introduce a notion of distance between the dynamical paths of different countries. Then, a Minimal Spanning Tree and a Hierarchical Tree are constructed from time series to help detecting the existence of groups of countries sharing similar economic performance. The main finding of the study appears for the period 2008-2016 when several countries surpassed the 90% debt-to-GDP threshold. During this period, three groups (clubs) of countries are obtained: high, mid and low indebted countries, suggesting that the employed debt-to-GDP threshold drives economic dynamics for the selected countries.

  6. A Critical Review of the Proposed Palestinian Public Debt Law

    International Development Research Centre (IDRC) Digital Library (Canada)

    JIHAD

    borrow from external or domestic resources to finance the gap between revenues and ... the Bir Zeit University Institute of Law, who evaluated the study. I would ... service its public debt is shaped by the capital market constraints it faces,.

  7. Sovereign public debt crisis in Europe. A network analysis

    Science.gov (United States)

    Matesanz, David; Ortega, Guillermo J.

    2015-10-01

    In this paper we analyse the evolving network structure of the quarterly public debt-to-GDP ratio from 2000 to 2014. By applying tools and concepts coming from complex systems we study the effects of the global financial crisis over public debt network connections and communities. Two main results arise from this analysis: firstly, countries public debts tend to synchronize their evolution, increasing global connectivity in the network and dramatically decreasing the number of communities. Secondly, a disruption in previous structure is observed at the time of the shock, emerging a more centralized and less diversify network topological organization which might be more prone to suffer contagion effects. This last fact is evidenced by an increasing tendency in countries of similar level of public debt to be connected between them, which we have quantified by the network assortativity.

  8. THE PROBLEM OF EXTERNAL DEBT OF DEVELOPING COUNTRIES

    African Journals Online (AJOL)

    Administrateur

    accompanied by the excessive subsidizing of prices of some commodities (also from the ... The skillful manipulation with interest rate should not only cause the .... 10 The share of a debt of changing interest rates in the global interest rates of.

  9. A Class to Prepare Students to Manage Educational Debt.

    Science.gov (United States)

    Popik, Roberta S.; And Others

    1986-01-01

    A counseling program prepared for Georgetown University School of Dentistry is described. It trains students in concepts associated with short- and long-term financial planning, banking relationships, credit, business planning and structuring debt into an individual student's lifestyle. (MLW)

  10. Medical student debt and major life choices other than specialty

    Directory of Open Access Journals (Sweden)

    James Rohlfing

    2014-11-01

    Full Text Available Background: Median indebtedness at graduation is now more than $170,000 for graduates of US Medical Schools. Debate still exists as to whether higher debt levels influence students to choose high paying non-primary care specialties. Notably, no previous research on the topic has taken into account cost of attendance when constructing a debt model, nor has any research examined the non-career major life decisions that medical students face. Methods: Medical students were surveyed using an anonymous electronic instrument developed for this study. The survey was delivered through a link included in a study email and students were recruited from school wide listservs and through snowball sampling (students were encouraged to share a link to the survey with other medical students. No incentives were offered for survey completion. Results: Responses were recorded from 102 US Allopathic medical schools (n=3,032, with 22 institutions (11 public, 11 private meeting inclusion criteria of 10% student body response proportion (n=1,846. Students with higher debt relative to their peers at their home institution reported higher frequencies of feeling callous towards others, were more likely to choose a specialty with a higher average annual income, were less likely to plan to practice in underserved locations, and were less likely to choose primary care specialties. Students with higher aggregate amounts of medical student loan debt were more likely to report high levels of stress from their educational debt, to delay getting married and to report disagreement that they would choose to become a physician again, if given the opportunity to revisit that choice. Increases in both aggregate and relative debt were associated with delaying having children, delaying buying a house, concerns about managing and paying back educational debt, and worrying that educational debt will influence one's specialty choice. Conclusions: Medical student debt and particularly debt

  11. Medical student debt and major life choices other than specialty.

    Science.gov (United States)

    Rohlfing, James; Navarro, Ryan; Maniya, Omar Z; Hughes, Byron D; Rogalsky, Derek K

    2014-01-01

    Median indebtedness at graduation is now more than $170,000 for graduates of US Medical Schools. Debate still exists as to whether higher debt levels influence students to choose high paying non-primary care specialties. Notably, no previous research on the topic has taken into account cost of attendance when constructing a debt model, nor has any research examined the non-career major life decisions that medical students face. Medical students were surveyed using an anonymous electronic instrument developed for this study. The survey was delivered through a link included in a study email and students were recruited from school wide listservs and through snowball sampling (students were encouraged to share a link to the survey with other medical students). No incentives were offered for survey completion. Responses were recorded from 102 US Allopathic medical schools (n=3,032), with 22 institutions (11 public, 11 private) meeting inclusion criteria of 10% student body response proportion (n=1,846). Students with higher debt relative to their peers at their home institution reported higher frequencies of feeling callous towards others, were more likely to choose a specialty with a higher average annual income, were less likely to plan to practice in underserved locations, and were less likely to choose primary care specialties. Students with higher aggregate amounts of medical student loan debt were more likely to report high levels of stress from their educational debt, to delay getting married and to report disagreement that they would choose to become a physician again, if given the opportunity to revisit that choice. Increases in both aggregate and relative debt were associated with delaying having children, delaying buying a house, concerns about managing and paying back educational debt, and worrying that educational debt will influence one's specialty choice. Medical student debt and particularly debt relative to peers at the same institution appears to

  12. WHAT INFLUENCE CREDIT CARD DEBTS IN YOUNG CONSUMERS IN MALAYSIA

    OpenAIRE

    Syed Shah ALAM; Ruzita Abdul RAHIM; Ridhwanul HAQ; Atiqur Rahman KHAN

    2014-01-01

    This paper examines empirically antecedents of the credit card debts in young consumers in Malaysia. We examine whether easy access to credit card, credit card related knowledge, aggressive promotion by credit card industry, low minimum payment requirement and attitude towards credit cards influence credit card debts in the younger generation. Regression model was used to meet the objectives. These findings based on a sample of 240 young credit card holders, show that the factors that affect ...

  13. Determinants of External Debt: The Case of Malaysia

    OpenAIRE

    Rafik, Rabiatul Adawiyah Mohamed

    2015-01-01

    Over the past 30 years, Malaysia‘s external debt has been on an increase, with the increase closely linked to a number of economic factors. The changing quantities and qualities of external debt have become a national concern. Data related to the changes in dependent and independent variables between 1970 and 2013 was used in the study. The model was tested for unit root tests, cointegration test, vector error correction model, and Granger causality test. The cointegration test indicates ther...

  14. Government Debt and Long-Term Interest Rates

    OpenAIRE

    Noriaki Kinoshita

    2006-01-01

    This paper examines the relationship between government debt and long-term interest rates. A dynamic general equilibrium model that incorporates debt nonneutrality is specified and solved, and numerical simulations using the model are undertaken. In addition, empirical evidence using panel data for 19 industrial countries is examined. The estimation provides some evidence supporting the theoretical predictions: the paper finds that the simulated and estimated interest rate effects of governme...

  15. Leverage, debt maturity and firm investment: An empirical analysis

    OpenAIRE

    Dang, Viet A.

    2011-01-01

    In this paper, we examine the potential interactions of corporate financing and investment decisions in the presence of incentive problems. We develop a system-based approach to investigate the effects of growth opportunities on leverage and debt maturity as well as the effects of these financing decisions on firm investment. Using a panel of UK firms between 1996 and 2003, we find that high-growth firms control underinvestment incentives by reducing leverage but not by shortening debt maturi...

  16. Air solar collectors in building use - A review

    Science.gov (United States)

    Bejan, Andrei-Stelian; Labihi, Abdelouhab; Croitoru, Cristiana; Catalina, Tiberiu

    2018-02-01

    In the current energy and environmental context it is imperative to implement systems based on renewable energy sources in order to reduce energy consumptions worldwide. Solar collectors are studied by many years and many researchers are focusing their attention in order to increase their efficiency and cost-effectiveness. Water solar collectors are often implemented for domestic hot water, heating or industrial processes and already have a place on the market. A promising system which is not yet widely known is represented by air solar collectors that could represent an efficient way to use the solar energy with a lower investment cost, a system that can be used in order to preheat the fresh air required for heating, drying, or to maintain a minimum temperature during winter. This paper presents a comprehensive literature review on air solar collectors used mainly in buildings, acting as a solar wall. Air solar collectors are roughly classified into two types: glazed and opaque. The present study comprises the solar collector classification, applications and their main parameters with a special focus on opaque solar collectors.

  17. Pathways toward a low cost evacuated collector system

    Science.gov (United States)

    Hull, J. R.; Schertz, W. W.; Allen, J. W.; Ogallagher, J. J.; Winston, R.

    The goal of widespread use of solar thermal collectors will only be achieved when they are proven to be economically superior to competing energy sources. Evacuated tubular collectors appear to have the potential to achieve this goal. An advanced evacuated collector using nonimaging concentration under development at the University of Chicago and Argonne can achieve a 50% seasonal efficiency at heat delivery temperatures in excess of 170C. The same collector has an optical efficiency so that low temperature performance is also excellent. In this advanced collector design all of the critical components are enclosed in the vacuum, and the collector has an inherently long lifetime. The current cost of evacuated systems is too high, mainly because the volume of production has been too low to realize economies of mass production. It appears that certain design features of evacuated collectors can be changed (e.g., use of heat pipe absorbers) so as to introduce new system design and market strategy options that can reduce the balance of system cost.

  18. Evaluation of heat transfer enhancement in air-heating collectors

    Energy Technology Data Exchange (ETDEWEB)

    Mattox, D. L.

    1979-06-01

    The present research effort was initiated for the purpose of increasing the thermal efficiency of air heating solar collectors through identification and development of optimum design and operation criteria for solar absorber-to-air heat exchangers. Initially this effort took the form of a solar collector systems analysis to evaluate the impact of various techniques for enhancing the heat transfer between the absorber and air stream on overall thermal performance of the entire solar collector. This systems analysis resulted in the selection of solar collector designs providing ducted cooling air on the absorber shaded side as a base line. A transient heat transfer analysis of a complete solar air heating collector was used to demonstrate that an optimum absorber-to-air heat exchanger design could be provided with several interrupted fin configurations. Additional analyses were performed to establish that the maximum solar collector thermal performance to required pumping power was realized for a Reynolds number range of 1000 to 2000. This Reynolds number range was used to establish a theoretical design limit curve for maximum thermal performance versus required pumping power for all interrupted fin designs as published in the open literature. Heat and momentum transfer empirical relationships were defined for scaling the state-of-the-art high conductance fin designs identified from a compact configuration to the less compact designs needed for solar collectors.

  19. PERFORMANCE EVALUATION OF SOLAR COLLECTORS USING A SOLAR SIMULATOR

    Directory of Open Access Journals (Sweden)

    M. Norhafana

    2015-11-01

    Full Text Available Solar water heating systems is one of the applications of solar energy. One of the components of a solar water heating system is a solar collector that consists of an absorber. The performance of the solar water heating system depends on the absorber in the solar collector. In countries with unsuitable weather conditions, the indoor testing of solar collectors with the use of a solar simulator is preferred. Thus, this study is conducted to use a multilayered absorber in the solar collector of a solar water heating system as well as to evaluate the performance of the solar collector in terms of useful heat of the multilayered absorber using the multidirectional ability of a solar simulator at several values of solar radiation. It is operated at three variables of solar radiation of 400 W/m2, 550 W/m2 and 700 W/m2 and using three different positions of angles at 0º, 45º and 90º. The results show that the multilayer absorber in the solar collector is only able to best adapt at 45° of solar simulator with different values of radiation intensity. At this angle the maximum values of useful heat and temperature difference are achieved. KEYWORDS: solar water heating system; solar collector; multilayered absorber; solar simulator; solar radiation 

  20. Air solar collectors in building use - A review

    Directory of Open Access Journals (Sweden)

    Bejan Andrei-Stelian

    2018-01-01

    Full Text Available In the current energy and environmental context it is imperative to implement systems based on renewable energy sources in order to reduce energy consumptions worldwide. Solar collectors are studied by many years and many researchers are focusing their attention in order to increase their efficiency and cost-effectiveness. Water solar collectors are often implemented for domestic hot water, heating or industrial processes and already have a place on the market. A promising system which is not yet widely known is represented by air solar collectors that could represent an efficient way to use the solar energy with a lower investment cost, a system that can be used in order to preheat the fresh air required for heating, drying, or to maintain a minimum temperature during winter. This paper presents a comprehensive literature review on air solar collectors used mainly in buildings, acting as a solar wall. Air solar collectors are roughly classified into two types: glazed and opaque. The present study comprises the solar collector classification, applications and their main parameters with a special focus on opaque solar collectors.

  1. Analysis of debt leveraging in private power projects

    International Nuclear Information System (INIS)

    Kahn, E.P.; Meal, M.; Doerrer, S.; Morse, S.

    1992-08-01

    As private power (non-utility generation) has grown to become a significant part of the electricity system, increasing concern about its financial implications has arisen. In many cases, the source of this concern has been the substantial reliance of these projects on debt financing. This study examines debt leveraging in private power projects. The policy debate on these issues has typically been conducted at a high level of generality. Critics of the private power industry assert that high debt leveraging confers an unfair competitive advantage by lowering the cost of capital, and that this leveraging is only possible because risks are shifted to the utility. Further, debt leveraging is claimed to be a threat to reliability. On the opposite side, it is argued that debt leveraging imposes costs and obligations not home by utilities, and so there is no financial advantage. The private producers also argue that on balance more risk is shifted away from utilities than to them, and that incentives for reliability are strong. In this study we examine the project finance mechanisms used in private power lending in detail, relying on a sample of actual loan documents. This review and its findings should be relevant to the further evolution of this debate. State regulatory commissions are likely to be interested in it, and Federal legislation to amend the Public Utility Holding Company Act (PUHCA) could require states to consider the implications of debt leveraging in relation to their oversight of utility power purchase programs

  2. External Debt and Economic Growth: Evidence from Nigeria

    Directory of Open Access Journals (Sweden)

    Lawal Isola Adedoyin

    2016-12-01

    Full Text Available The study examined the impact of external debt on economic growth in Nigeria for the period 1981-2014 based on annual data sourced from the Central Bank of Nigeria (CBN Statistical Bulletin (various issues and abstract of National Bureau of Statistics (NBS. The researcher examined the existence of Co-integration among the underlying variables using Auto-regressive Distributed Lag (ARDL model after conducting preliminary statistical test to ascertain the normality of the variables as well as stationary of the data set using descriptive and unit root tests. The result of the ARDL test shows that a significant relationship exists between external debt and economic growth both at the long and short run. The study also examined the causality among the variables using Granger causality test and observed that no causality exist among the variables. The study therefore recommends that government should ensure that loans obtained are used to finance profitable projects that would generate reasonable amount of revenue to service the debts and also adequate record of debt payment obligations should be kept and debt should not be allowed to exceed a maximum limit in order to prevent debt overhang.

  3. Analysis of debt leveraging in private power projects

    Energy Technology Data Exchange (ETDEWEB)

    Kahn, E.P. (Lawrence Berkeley Lab., CA (United States)); Meal, M.; Doerrer, S.; Morse, S. (Morse, Richard, Weisenmiller Associates, Inc., Oakland, CA (United States))

    1992-08-01

    As private power has grown to become a significant part of the electricity system, increasing concern about its financial implications has arisen. In many cases, the source of this concern has been the substantial reliance of these projects on debt financing. This study examines debt leveraging in private power projects. The policy debate on these issues has typically been conducted at a high level of generality. Critics of the private power industry assert that high debt leveraging confers an unfair competitive advantage by lowering the cost of capital. This leveraging is only possible because risks are shifted to the utility. Further, debt leveraging is claimed to be a threat to reliability. On the opposite side, it is argued that debt leveraging imposes costs and obligations not borne by utilities, and so there is no financial advantage. The private producers also argue that on balance more risk is shifted away from utilities than to them, and that incentives for reliability are strong. In this study we examine the project finance mechanisms used in private power lending in detail, relying on a sample of actual loan documents. This review and its findings should be relevant to the further evolution of this debate. State regulatory commissions are likely to be interested in it, and Federal legislation to amend the Public Utility Holding Company Act (PUHCA) could require states to consider the implications of debt leveraging in relation to their oversight of utility power purchase programs.

  4. Emotions and Social Sciences in 20th century: The Prequel of Affective Turn

    Directory of Open Access Journals (Sweden)

    Giazú Enciso Domínguez

    2014-02-01

    Full Text Available The Affective Turn is an innovative movement that is transforming the production of knowledge based on the study of affect and emotion. To understand the current role of emotions, we proposed a 'prequel. Telling what happened with emotions within the social sciences before the Affective Turn, and before the twentieth century. In this work we explain the present from the past, we tell the story before The History, we pay a debt to a previous work: The Affective Turn. We articulate the prequel through seven approaches: Socialconstructionism, Discursive Social Psychology, Cultural Studies of Emotions, Emocionologies, Interpretative Sociology, Sociolinguistic of Emotions and Feminist Studies of emotions. We review the interests of each approach, their schools, their past, and give hints about not only the present but the future(s of the Affective Turn, in social science and academy as well.

  5. Fuzzy Approximate Model for Distributed Thermal Solar Collectors Control

    KAUST Repository

    Elmetennani, Shahrazed

    2014-07-01

    This paper deals with the problem of controlling concentrated solar collectors where the objective consists of making the outlet temperature of the collector tracking a desired reference. The performance of the novel approximate model based on fuzzy theory, which has been introduced by the authors in [1], is evaluated comparing to other methods in the literature. The proposed approximation is a low order state representation derived from the physical distributed model. It reproduces the temperature transfer dynamics through the collectors accurately and allows the simplification of the control design. Simulation results show interesting performance of the proposed controller.

  6. FLOW DISTRIBUTION IN A SOLAR COLLECTOR PANEL WITH HORIZONTAL FINS

    DEFF Research Database (Denmark)

    Fan, Jianhua; Shah, Louise Jivan; Furbo, Simon

    2005-01-01

    The objective of this work is to theoretically and experimentally investigate the flow and temperature distribution in a solar collector panel with an absorber consisting of horizontal fins. Fluid flow and heat transfer in the collector panel are studied by means of computational fluid dynamics...... (CFD) calculations. Further, experimental investigations of a 12.5 m² solar collector panel with 16 parallel connected horizontal fins are carried out. The flow distribution through the absorber is evaluated by means of temperature measurements on the backside of the absorber tubes. The measured...

  7. Theoretical flow investigations of an all glass evacuated tubular collector

    DEFF Research Database (Denmark)

    Shah, Louise Jivan; Furbo, Simon

    2007-01-01

    Heat transfer and flow structures inside all glass evacuated tubular collectors for different operating conditions are investigated by means of computational fluid dynamics. The investigations are based on a collector design with horizontal tubes connected to a vertical 14 manifold channel. Three...... the highest efficiency, the optimal inlet flow rate was around 0.4-1 kg/min, the flow structures in the glass tubes were relatively uninfluenced by the inlet flow rate, Generally, the results showed only small variations in the efficiencies. This indicates that the collector design is well working for most...

  8. Solar collector wall with active curtain system; Lasikatteinen massiivienen aurinkokeraeaejaeseinae

    Energy Technology Data Exchange (ETDEWEB)

    Ojanen, T.; Heimonen, I. [VTT Building Technology, Espoo (Finland). Building Physics, Building Services and Fire Technology

    1998-12-01

    Integration of solar collector into the building envelope structure brings many advantages. The disadvantage of a passive solar collector wall is that its thermal performance can not be controlled, which may cause temporary overheating and low thermal efficiency of the collector. The thermal performance of the collector wall can be improved by using controllable, active collector systems. In this paper a solar collector wall with a controllable curtain between the transparent and absorption layers is investigated. The curtain is made of several low-emissivity foil layers, which ensures low radiation heat transfer through the curtain. The curtain decreases the heat losses out from the collector wall and it improves the U-value of the wall. The curtain is used when the solar radiation intensity to the wall is not high enough or when the wall needs protection against overheating during warm weather conditions. The materials and building components used in the collector wall, except those of the curtain, are ordinary in buildings. The transparent layer can be made by using normal glazing technology and the thermal storage layer can be made out of brick or similar material. The solar energy gains through the glazing can be utilised better than in passive systems, because the curtain provides the wall with high thermal resistance outside the solar radiation periods. The thermal performance of the collector wall was studied experimentally using a Hot-Box apparatus equipped with a solar lamp. Numerical simulations were carried out to study the yearly performance of the collector wall under real climate conditions. The objectives were to determine the thermal performance of the collector wall and to study how to optimise the use of solar radiation in this system. When the curtain with high thermal resistance is used actively, the temperature level of the thermal storage layer in the wall is relatively high also during dark periods and the heat losses out from the storage

  9. The Philosophy of Turning Points

    DEFF Research Database (Denmark)

    Turcan, Romeo V.

    2013-01-01

    business and management field, the turning point is seen as a valuable unit of analysis within the research field. It is expected that this paper will encourage a dynamic scholarly conversation about the concept of turning point and how it can aid international business researchers in the development...

  10. Bad debt is (not a bad friend

    Directory of Open Access Journals (Sweden)

    Zavišić Aleksandar

    2016-01-01

    Full Text Available Investing in distressed debt is a less known investment strategy of astute investors. Bonds with uncertain cash flow are the subject of their focus, especially in the Anglo-Saxon financial systems. The range of realized rates of return is very wide and retail investors are out of the game. One aspect of this strategy are investments in non-performing loans, that is the purchase of distressed loans at a discount. It does not take a genius to see that one of the reasons of insolvency in the Serbian economy is the long-standing low economic growth in Serbia, in the region and in Europe. High systemic risk coupled with the inefficient bankruptcy process and out-of-court restructuring are the context in which the problem of non-performing loans is to be solved. A series of other factors related to banks, real estate market, tax considerations, as well as the lack of supportive actions to prevent the increase of non-performing loans act as additional constraints. In mid-2015, a strategy was adopted in Serbia, which recognized this silent and prolonged crisis that has been accumulating within the banking system.

  11. Distress Propagation in Complex Networks: The Case of Non-Linear DebtRank.

    Directory of Open Access Journals (Sweden)

    Marco Bardoscia

    Full Text Available We consider a dynamical model of distress propagation on complex networks, which we apply to the study of financial contagion in networks of banks connected to each other by direct exposures. The model that we consider is an extension of the DebtRank algorithm, recently introduced in the literature. The mechanics of distress propagation is very simple: When a bank suffers a loss, distress propagates to its creditors, who in turn suffer losses, and so on. The original DebtRank assumes that losses are propagated linearly between connected banks. Here we relax this assumption and introduce a one-parameter family of non-linear propagation functions. As a case study, we apply this algorithm to a data-set of 183 European banks, and we study how the stability of the system depends on the non-linearity parameter under different stress-test scenarios. We find that the system is characterized by a transition between a regime where small shocks can be amplified and a regime where shocks do not propagate, and that the overall stability of the system increases between 2008 and 2013.

  12. Flat solar collector an approach to its evaluation

    Energy Technology Data Exchange (ETDEWEB)

    Sonino, T [Israel Atomic Energy Commission, Yavne. Soreq Nuclear Research Center

    1977-01-01

    The flat solar collector is the most widely used device for the utilization of solar energy, but its energetic and economic values are still debated. A preliminary energy and economic analysis is presented. The energy analysis indicates that the energy needed to produce one solar collector is equivalent to the electricity consumed by an electric water heater in roughly three months. The economic analysis indicates that the pay-back time for a solar collector varies from 5.5 to 7.7 yr. according to the discount rate. The economic analysis from a national point of view indicates that the use of solar collectors for domestic purposes could only reduce electricity consumption in Israel by 10%.

  13. Performance of jet impingement in unglazed air collectors

    Energy Technology Data Exchange (ETDEWEB)

    Belusko, M.; Saman, W.; Bruno, F. [Institute for Sustainable Systems and Technologies, University of South Australia, Mawson Lakes Boulevard, Mawson Lakes, SA 5095 (Australia)

    2008-05-15

    Jet impingement is effective at improving the heat transfer between air and a heated surface. Studies have shown that jet impingement can marginally improve the thermal efficiency of a glazed collector. However, little attention has been placed on applying jet impingement to an unglazed solar air collector. This paper presents a theoretical and experimental investigation identifying the performance characteristics of jet impingement. Overall, jet impingement was able to improve the thermal efficiency of the collector by 21%. An increase in the pressure loss was also measured but found to be small. The flow distribution of jets along the collector was the most significant factor in determining the efficiency. Increasing the hole spacing was found to improve the efficiency. (author)

  14. Integrated function nonimaging concentrating collector tubes for solar thermal energy

    Science.gov (United States)

    Winston, R.; Ogallagher, J. J.

    1982-09-01

    A substantial improvement in optical efficiency over contemporary external reflector evacuated tube collectors has been achieved by integrating the reflector surface into the outer glass envelope. Described are the design fabrication and test results for a prototype collector based on this concept. A comprehensive test program to measure performance and operational characteristics of a 2 sq m panel (45 tubes) has been completed. Efficiencies above 50% relative to beam at 200 C have been repeatedly demonstrated. Both the instantaneous and long term average performance of this totally stationary solar collector are comparable to those for tracking line focus parabolic troughs. The yield, reliability and stability of performance achieved have been excellent. Subcomponent assemblies and fabrication procedures have been used which are expected to be compatible with high volume production. The collector has a wide variety of applications in the 100 to 300 C range including industrial progress heat, air conditioning and Rankine engine operation.

  15. Bilinear reduced order approximate model of parabolic distributed solar collectors

    KAUST Repository

    Elmetennani, Shahrazed; Laleg-Kirati, Taous-Meriem

    2015-01-01

    This paper proposes a novel, low dimensional and accurate approximate model for the distributed parabolic solar collector, by means of a modified gaussian interpolation along the spatial domain. The proposed reduced model, taking the form of a low

  16. Investigation of a hybrid PVT air collector system

    Science.gov (United States)

    Haddad, S.; Touafek, K.; Mordjaoui, M.; Khelifa, A.; Tabet, I.

    2017-02-01

    The photovoltaic thermal hybrid (PVT) collectors, which simultaneously produce electricity and heat, are an alternative to photovoltaic modules and thermal collectors installed separately. Indeed, the heat extracted from the solar cell is used to heat water or air, thereby cooling the cell, and thus increasing its energy efficiency. This paper deals with a hybrid PVT air collector in which a new design has been proposed and tested. Its principle is based on the return of the preheating air to a second heating. The air thus passes twice under the solar cells before being evacuated to the outside of the collector (for space heating). The system is modular and expandable to cover large spaces to be heated. The experimental results of this novel design are presented and discussed under both normal and forced circulation. This technique of air return shows favorable results in terms of the quality of the heated air and electric power generation.

  17. Mathematical Modeling of Dual Intake Transparent Transpired Solar Collector

    Directory of Open Access Journals (Sweden)

    Thomas Semenou

    2015-01-01

    Full Text Available Nowadays, in several types of commercial or institutional buildings, a significant rise of transpired solar collectors used to preheat the fresh air of the building can be observed. Nevertheless, when the air mass flow rate is low, the collector efficiency collapses and a large amount of energy remains unused. This paper presents a simple yet effective mathematical model of a transparent transpired solar collector (TTC with dual intake in order to remove stagnation problems in the plenum and ensure a better thermal efficiency and more heat recovery. A thermal model and a pressure loss model were developed. Then, the combined model was validated with experimental data from the Solar Rating and Certification Corporation (SRCC. The results show that the collector efficiency can be up to 70% and even 80% regardless of operating conditions. The temperature gain is able to reach 20°K when the solar irradiation is high.

  18. [Naturalists, collectors and theoreticians of museology].

    Science.gov (United States)

    Arabas, Iwona

    2009-01-01

    The origins of the contemporary collectorship dates from times when the sameness of art and science was commonly accepted. In those days relics of the ancient past and natural individuals of newly discovered lands were presented at the same time. Cosmological character of the collections manifested the tenacity of recognition and representation of the surrounding reality. A great impact on completion of collections of curiosities in Europe had Netherlands, and in the basin of Baltic Sea a remarkable significance was gained by Hanseatic Gdańsk. Collections of Jakub Breyn, Jakub Klein and Gotfryd Reyger became famous then. In the same way were imported individuals for Anna Jabłonowska that composed one of the most interesting European collections. In course of time merging such a great multiplicity of collections was beyond collectors' power and museum pieces from collections of curiosities were parcelled out. It was a real beginning of specialistic museums. A role of museum for science results from its function of methodical organizing collections that can be used by research workers. However, although the aims of scientific and museum centres are different, they come together on the occasion of museum recognition works when museums' workers borrow essential knowledge and methods from resources of science, and scientists search for useful research materials in museum resources.

  19. Parabolic Trough Solar Collector Initial Trials

    Directory of Open Access Journals (Sweden)

    Ghalya Pikra

    2012-03-01

    Full Text Available This paper discusses initial trials of parabolic trough solar collector (PTSC in Bandung. PTSC model consists of concentrator, absorber and tracking system. Concentrator designs are made with 2m aperture width, 6m length and 0.75m focal distance. The design is equipped with an automatic tracking system which is driven using 12V and 24Watt DC motor with 0.0125rpm rotational speed. Absorber/receiver is designed with evacuated tube type, with 1 inch core diameter and tube made of AISI304 and coated with black oxide, the outer tube is borosilicate glass with a 70 mm diameter and 1.5 m length. Working fluid stored in single type of thermal storage tank, a single phase with 37.7 liter volume. PTSC model testing carried out for 2 hours and 10 minutes produces heat output and input of 11.5 kW and 0.64 kW respectively. 

  20. Performance evaluation for solar collectors in Taiwan

    International Nuclear Information System (INIS)

    Chang, T.P.

    2009-01-01

    In this paper, the global irradiation observed in Taiwan from 1990 to 1999 was used to estimate the optimal tilt angle for solar collectors. The observed data are resolved into diffusion and beam components, and transformed into instantaneous time frames using mathematical models. The energy gain on installing a single-axis tracked panel as compared to a traditional fixed panel is originally analyzed theoretically. In addition to the observation data, both types of radiation will be taken into account for comparison, i.e. both extraterrestrial radiation and global radiation predicted using empirical models. The results show that the yearly optimal angles for six selected stations are about 0.95 and 0.88 times their latitudes for extraterrestrial and predicted radiation, respectively. All of the observed irradiations are less than the predicted values for all times and stations, consequently resulting in a flatter tilt angle, with a few exceptions in summer. Since Taipei has the lowest clearness index, its yearly optimal angle calculated from observed data shows the greatest discrepancy when compared to its latitude. By employing a tracked panel, the yearly gains calculated from the observed data lie between 14.3% and 25.3%, which is significantly less than those from the extraterrestrial and predicted radiations

  1. Molecular design of flotation collectors: A recent progress.

    Science.gov (United States)

    Liu, Guangyi; Yang, Xianglin; Zhong, Hong

    2017-08-01

    The nature of froth flotation is to selectively hydrophobize valuable minerals by collector adsorption so that the hydrophobized mineral particles can attach air bubbles. In recent years, the increasing commercial production of refractory complex ores has been urgent to develop special collectors for enhancing flotation separation efficiency of valuable minerals from these ores. Molecular design methods offer an effective way for understanding the structure-property relationship of flotation collectors and developing new ones. The conditional stability constant (CSC), molecular mechanics (MM), quantitative structure-activity relationship (QSAR), and first-principle theory, especially density functional theory (DFT), have been adopted to build the criteria for designing flotation collectors. Azole-thiones, guanidines, acyl thioureas and thionocarbamates, amide-hydroxamates, and double minerophilic-group surfactants such as Gemini, dithiourea and dithionocarbamate molecules have been recently developed as high-performance collectors. To design hydrophobic groups, the hydrophilic-hydrophobic balance parameters have been extensively used as criteria. The replacement of aryl group with aliphatic group or CC single bond(s) with CC double bond(s), reduction of carbon numbers, introduction of oxygen atom(s) and addition of trisiloxane to the tail terminal have been proved to be useful approaches for adjusting the surface activity of collectors. The role of molecular design of collectors in practical flotation applications was also summarized. Based on the critical review, some comments and prospects for further research on molecular design of flotation collectors were also presented in the paper. Copyright © 2017 Elsevier B.V. All rights reserved.

  2. Means of increasing efficiency of CPC solar energy collector

    Science.gov (United States)

    Chao, B.T.; Rabl, A.

    1975-06-27

    A device is provided for improving the thermal efficiency of a cylindrical radiant energy collector. A channel is placed next to and in close proximity to the nonreflective side of an energy reflective wall of a cylindrical collector. A coolant is piped through the channel and removes a portion of the nonreflective energy incident on the wall which is absorbed by the wall. The energy transferred to the coolant may be utilized in a useful manner.

  3. Proceedings of the solar thermal concentrating collector technology symposium

    Energy Technology Data Exchange (ETDEWEB)

    Gupta, B.P.; Kreith, F. (eds.)

    1978-08-01

    The purpose of the symposium was to review the current status of the concentrating collector technology, to disseminate the information gained from experience in operating solar systems, and to highlight the significant areas of technology development that must be vigorously pursued to foster early commercialization of concentrating solar collectors. Separate abstracts were prepared for thirteen invited papers and working group summaries. Two papers were previously abstracted for EDB.

  4. Comparison of thermal solar collector technologies and their applications

    OpenAIRE

    Alarcón Villamil, Alexander; Hortúa, Jairo Eduardo; López, Andrea

    2013-01-01

    This paper presents the operation of different thermal solar collector technologies and their main characteristics. It starts by providing a brief description of the importance of using solar collectors as an alternative to reduce the environmental impact caused by the production of non-renewable sources like coal and oil. Subsequently, it focuses on each solar concentrator technology and finishes with a theoretical analysis hub application in different industrial processes. En este artícu...

  5. Transient analysis of the double pass photovoltaic thermal solar collector

    International Nuclear Information System (INIS)

    Alfegi, Ebrahim M.; Sopian, Kamaruzzaman; Abakr, Yousif A.

    2006-01-01

    A mathematical model of a double pass photovoltaic thermal (PV/T) solar collector is reported in this work. It is composed of five couple unsteady nonlinear partial differential equations which are solved by using Gear implicit numerical scheme. That model was validated against experimental data and was found to accurately predict the temperature of the circulated air as well as the temperature distribution of every static elements in a two-pass PV/T solar collector.(Author)

  6. Interaction of regulation and innovation: Solar air heating collectors

    OpenAIRE

    Kramer, K.

    2012-01-01

    Solar Air Heating Collectors have still a very small share of 0.8% of the nominal installed capacity in the solar heating and cooling market (151.7 GWth) [1]. Although constituting a niche market, the potential of those kind of collectors to provide heat for industrial processes, processing food, room heating, air preheating, drying processes or air conditioning could be significant. However, the technical potentials of the various technological solutions are not easy to compare. Such a compa...

  7. Ground collectors for heat pumps; Grondcollectoren voor warmtepompen

    Energy Technology Data Exchange (ETDEWEB)

    Van Krevel, A. [Techneco, Leidschendam (Netherlands)

    1999-10-01

    The dimensioning and cost optimisation of a closed vertical ground collector system has been studied. The so-called Earth Energy Designer (EED) computer software, specially developed for the calculations involved in such systems, proved to be a particularly useful tool. The most significant findings from the first part of the study, 'Heat extraction from the ground', are presented and some common misconceptions about ground collector systems are clarified. 2 refs.

  8. An improved dynamic test method for solar collectors

    DEFF Research Database (Denmark)

    Kong, Weiqiang; Wang, Zhifeng; Fan, Jianhua

    2012-01-01

    A comprehensive improvement of the mathematical model for the so called transfer function method is presented in this study. This improved transfer function method can estimate the traditional solar collector parameters such as zero loss coefficient and heat loss coefficient. Two new collector...... parameters t and mfCf are obtained. t is a time scale parameter which can indicate the heat transfer ability of the solar collector. mfCf can be used to calculate the fluid volume content in the solar collector or to validate the regression process by comparing it to the physical fluid volume content...... for the second-order differential term with 6–9min as the best averaging time interval. The measured and predicted collector power output of the solar collector are compared during a test of 13days continuously both for the ITF method and the QDT method. The maximum and averaging error is 53.87W/m2 and 5.22W/m2...

  9. Dual curvature acoustically damped concentrating collector. Final technical report

    Energy Technology Data Exchange (ETDEWEB)

    Smith, G.A.; Rausch, R.A.

    1980-05-01

    A development program was conducted to investigate the design and performance parameters of a novel, dual curvature, concentrating solar collector. The reflector of the solar collector is achieved with a stretched-film reflective surface that approximates a hyperbolic paraboloid and is capable of line-focusing at concentration ratios ranging from 10 to 20X. A prototype collector was designed based on analytical and experimental component trade-off activities as well as economic analyses of solar thermal heating and cooling systems incorporating this type of collector. A prototype collector incorporating six 0.66 x 1.22 m (2 x 4 ft) was fabricated and subjected to a limited thermal efficiency test program. A peak efficiency of 36% at 121/sup 0/C (250/sup 0/F) was achieved based upon the gross aperture area. Commercialization activities were conducted, including estimated production costs of $134.44/m/sup 2/ ($12.49/ft/sup 2/) for the collector assembly (including a local suntracker and controls) and $24.33/m/sup 2/ ($2.26/ft/sup 2/) for the reflector subassembly.

  10. EFFICIENCY AND LIFETIME OF SOLAR COLLECTORS FOR SOLAR HEATING PLANTS

    DEFF Research Database (Denmark)

    The 12.5 m² flat plate solar collector HT, today marketed by Arcon Solvarme A/S, has been used in solar heating plants in Scandinavia since 1983. The collector is designed to operate in a temperature interval between 40°C and 90°C. The efficiency of the collector has been strongly improved since...... it was introduced on the market. The paper will present the increase of the efficiency of the collector due to technical improvements since 1983. Further, measurements from the spring of 2009 of the efficiency of two HT collectors, which have been in operation in the solar heating plant Ottrupgaard, Skørping......, Denmark since 1994 with a constant high flow rate and in the solar heating plant Marstal, Denmark since 1996 with a variable flow rate, will be presented. The efficiencies will be compared to the efficiencies of the collectors when they were first installed in the solar heating plants. The measurements...

  11. EFFICIENCY AND LIFETIME OF SOLAR COLLECTORS FOR SOLAR HEATING PLANTS

    DEFF Research Database (Denmark)

    Fan, Jianhua; Chen, Ziqian; Furbo, Simon

    2009-01-01

    The 12.5 m² flat plate solar collector HT, today marketed by Arcon Solvarme A/S, has been used in solar heating plants in Scandinavia since 1983. The collector is designed to operate in a temperature interval between 40°C and 90°C. The efficiency of the collector has been strongly improved since...... it was introduced on the market. The paper will present the increase of the efficiency of the collector due to technical improvements since 1983. Further, measurements from the spring of 2009 of the efficiency of two HT collectors, which have been in operation in the solar heating plant Ottrupgaard, Skørping......, Denmark since 1994 with a constant high flow rate and in the solar heating plant Marstal, Denmark since 1996 with a variable flow rate, will be presented. The efficiencies will be compared to the efficiencies of the collectors when they were first installed in the solar heating plants. The measurements...

  12. Energy Analysis of Solar Collector With perforated Absorber Plate

    Directory of Open Access Journals (Sweden)

    Ammar A. Farhan

    2017-09-01

    Full Text Available The thermal performance of three solar collectors with 3, 6 mm and without perforation absorber plate was assessed experimentally. The experimental tests were implemented in Baghdad during the January and February 2017. Five values of airflow rates range between 0.01 – 0.1 m3/s were used through the test with a constant airflow rate during the test day. The variation of the following parameters air temperature difference, useful energy, absorber plate temperature, and collector efficiency was recorded every 15 minutes. The experimental data reports that the increases the number of absorber plate perforations with a small diameter is more efficient rather than increasing the hole diameter of the absorber plate with decreasing the perforation numbers. Maximum air temperature difference throughout the solar collector with 3, 6 mm perforations and without perforations are 17, 15, and 12 oC, respectively. Also, it can be concluded that the energy gained from the solar collector with 3 mm perforation absorber plate is 28.2 % more than the energy gained from solar collector without holes per day for 0.1 m3/s airflow rate. The maximum values of the thermal performance curves are 0.67, 0.64, and 0.56 for the solar collector with 3, 6 mm, and without perforations, respectively.

  13. Turning around Newton's Second Law

    Science.gov (United States)

    Goff, John Eric

    2004-01-01

    Conceptual and quantitative difficulties surrounding Newton's second law often arise among introductory physics students. Simply turning around how one expresses Newton's second law may assist students in their understanding of a deceptively simple-looking equation.

  14. What 'empirical turn in bioethics'?

    Science.gov (United States)

    Hurst, Samia

    2010-10-01

    Uncertainty as to how we should articulate empirical data and normative reasoning seems to underlie most difficulties regarding the 'empirical turn' in bioethics. This article examines three different ways in which we could understand 'empirical turn'. Using real facts in normative reasoning is trivial and would not represent a 'turn'. Becoming an empirical discipline through a shift to the social and neurosciences would be a turn away from normative thinking, which we should not take. Conducting empirical research to inform normative reasoning is the usual meaning given to the term 'empirical turn'. In this sense, however, the turn is incomplete. Bioethics has imported methodological tools from empirical disciplines, but too often it has not imported the standards to which researchers in these disciplines are held. Integrating empirical and normative approaches also represents true added difficulties. Addressing these issues from the standpoint of debates on the fact-value distinction can cloud very real methodological concerns by displacing the debate to a level of abstraction where they need not be apparent. Ideally, empirical research in bioethics should meet standards for empirical and normative validity similar to those used in the source disciplines for these methods, and articulate these aspects clearly and appropriately. More modestly, criteria to ensure that none of these standards are completely left aside would improve the quality of empirical bioethics research and partly clear the air of critiques addressing its theoretical justification, when its rigour in the particularly difficult context of interdisciplinarity is what should be at stake.

  15. Standarized performance tests of collectors of solar thermal energy: A steel flat-plate collector with two transparent covers and a proprietary coating

    Science.gov (United States)

    1976-01-01

    Basic test results of a flat-plate solar collector whose performance was determined in the NASA-Lewis solar simulator are given. The collector was tested over ranges of inlet temperature and flux level.

  16. Coloured solar collectors. Phase II : from laboratory samples to collector prototypes. Final report

    Energy Technology Data Exchange (ETDEWEB)

    Schueler, A; Roecker, Ch; Chambrier, E de; Munari Probst, M

    2007-07-01

    This illustrated final report for the Swiss Federal Office of Energy (SFOE) deals with the second phase of a project concerning the architectural integration of glazed solar collectors into the facades of buildings for heat production. The factors that limit the integration of photovoltaic panels in facades are discussed. The authors state that, for a convincing demonstration, sufficiently large samples and high quality levels are needed. The sol-gel deposition of the multi-layered coatings on A4-sized glass panes demonstrated in the laboratory by EPFL-LESO are discussed. The coatings produced exhibit a coloured reflection in combination with a high solar transmittance, a homogenous appearance, and are free of visible defects. Film hardening by UV exposure is discussed: This should result in the speeding up of the sol-gel process and thus save energy, thereby significantly reducing costs. Collaboration with industry is discussed in which full-scale glass panes are to be coated with novel multiple layers. The novel glazing is to be integrated into first prototype collectors. The manufacturing and test processes for the prototypes manufactured are discussed in detail.

  17. Principles of land debt as a kind of real collateral

    Directory of Open Access Journals (Sweden)

    Pavićević Aleksandra

    2014-01-01

    Full Text Available The issue of the work is an analysis of characteristics of land debt, known as non-accessory real right securing claims in German and Swiss law. Using the method of comparative analysis of the characteristics of this property right, author determines the similarities and differences of land debt in relation to similar types of rights, in particular in relation to a mortgage, as most similar security right, from the group of liens. Since the Draft Code of ownership and other property real rights in Serbia in 2006. proposed the introduction of real debt in Serbian law, the author of the paper examines the advantages and disadvantages of this concept in order to evaluate this assessment.. As an essential difference to the lien, the author defines the non-accessory character of land debt and multifunctional purpose. The author advocates the introduction of institute of land debt in future Serbian law, as the original non-accessory real security right (sui generis that represents functional addittion to accessory mortgage.

  18. Analysis of collector-emitter offset voltage of InGaP/GaAs composite collector double heterojunction bipolar transistor

    Science.gov (United States)

    Lew, K. L.; Yoon, S. F.

    2002-04-01

    The Ebers-Moll-like terminal current expressions of a composite collector double heterojunction bipolar transistor (DHBT), which takes the recombination effect into account, have been formulated and an expression for collector-emitter offset voltage [VCE(offset)] has been derived. Factors affecting the VCE(offset) of a composite collector DHBT are investigated and good agreement between the calculated and reported experimental results is shown. Analytical results showed that the transmission coefficient of the base-collector (B-C) junction does not have a considerable effect on the VCE(offset), provided that the B-C junction is of good quality. Thus, despite its asymmetric structure, the VCE(offset) of an optimally designed composite collector DHBT could be as low as that of a conventional DHBT. Hence a composite collector DHBT with low saturation voltage and negligible VCE(offset) is possible if the two conditions: (i) good quality B-C junction, (ii) base transport factor, α≈1, are fulfilled.

  19. Advanced Hybrid Particulate Collector Project Management Plan

    Energy Technology Data Exchange (ETDEWEB)

    Miller, S.J.

    1995-11-01

    As the consumption of energy increases, its impact on ambient air quality has become a significant concern. Recent studies indicate that fine particles from coal combustion cause health problems as well as atmospheric visibility impairment. These problems are further compounded by the concentration of hazardous trace elements such as mercury, cadmium, selenium, and arsenic in fine particles. Therefore, a current need exists to develop superior, but economical, methods to control emissions of fine particles. Since most of the toxic metals present in coal will be in particulate form, a high level of fine- particle collection appears to be the best method of overall air toxics control. However, over 50% of mercury and a portion of selenium emissions are in vapor form and cannot be collected in particulate control devices. Therefore, this project will focus on developing technology not only to provide ultrahigh collection efficiency of particulate air toxic emissions, but also to capture vapor- phase trace metals such as mercury and selenium. Currently, the primary state-of-the-art technologies for particulate control are fabric filters (baghouses) and electrostatic precipitators (ESPs). However, they both have limitations that prevent them from achieving ultrahigh collection of fine particulate matter and vapor-phase trace metals. The objective of this project is to develop a highly reliable advanced hybrid particulate collector (AHPC) that can provide > 99.99 % particulate collection efficiency for all particle sizes between 0.01 and 50 14m, is applicable for use with all U.S. coals, and is cost-0443competitive with existing technologies. Phase I of the project is organized into three tasks: Task I - Project Management, Reporting, and Subcontract Consulting Task 2 - Modeling, Design, and Construction of 200-acfm AHPC Model Task 3 - Experimental Testing and Subcontract Consulting

  20. Solar energy collector/storage system

    Energy Technology Data Exchange (ETDEWEB)

    Bettis, J.R.; Clearman, F.R.

    1983-05-24

    A solar energy collector/storage system which includes an insulated container having working fluid inlets and outlets and an opening, a light-transmitting member positioned over the opening, and a heat-absorbing member which is centrally situated, is supported in the container, and is made of a mixture of gypsum , lampblack, and water. A light-reflecting liner made of corrugated metal foil preferably is attached to the internal surface of the container. The opening of the container is positioned in optical alignment with a source of solar energy. A light-reflecting cover optionally can be hingedly attached to the container, and can be positioned such as to reflect solar energy rays into the container. The system is adaptable for use with a working gas (e.g., air) and/or a working liquid (e.g., water) in separated flows which absorb heat from the heat-absorbing member, and which are useable per se or in an associated storage and/or circulatory system that is not part of this invention. The heatabsorbing mixture can also contain glass fibers. The heatabsorbing member is of such great load-bearing strength that it can also be used simultaneously as a structural member, e.g., a wall or ceiling of a room; and, thereby, the system can be used to heat a room, if a window of the room is the light-transmitting member and is facing the sun, and if the heat-absorbing member is a wall and/or the ceiling of the room and receives solar energy through the window.

  1. CISBAT 2007 - Solar collectors (heat and electricity)

    International Nuclear Information System (INIS)

    2007-01-01

    This is the third part of the proceedings of the 2007 CISBAT conference on Renewables in a changing climate, held in Lausanne, Switzerland. On the subject of Building and urban integration of renewables the following oral contributions are summarised: 'Facade integration of solar thermal collectors: present and future', 'Long term experiences with a versatile PV in roof system', 'Development of a design and performance prediction tool for the ground source heat pump and underground thermal storage system', 'Hygrothermal performance of earth-to-air heat exchanger: long-term data evaluation and short-term simulation' as well as 'The real cost of heating your home: a comparative assessment of home energy systems with external costs'. Poster-sessions on the subject include 'Central solar heating plants with seasonal heat storage', 'Analysis of forced convection for evaporative air flow and heat transfer in PV cooling channels', 'Renewable energy technology in Mali: constraints and options for a sustainable development', 'Effect of duct width in ducted photovoltaic facades', 'Design and actual measurement of a ground source heat pump system using steel foundation piles as ground heat exchangers', 'Development of an integrated water-water heat pump unit for low energy house and its application', 'PV effect in multilayer cells and blending of fullerene/poly (3-hexylthiophene) and phthalocyanine having NIR charge transfer absorption band', 'CdTe photovoltaic systems - an alternative energetic', 'Integration of renewable energy sources in a town, examples in Grenoble', 'A prospective analysis method for the conception of solar integration solutions in buildings' and 'Energy and aesthetic improvements for building integration of cost effective solar energy systems'. Further groups of presentations at the conference are reported on in separate database records. An index of authors completes the proceedings

  2. Sampling efficiency of the Moore egg collector

    Science.gov (United States)

    Worthington, Thomas A.; Brewer, Shannon K.; Grabowski, Timothy B.; Mueller, Julia

    2013-01-01

    Quantitative studies focusing on the collection of semibuoyant fish eggs, which are associated with a pelagic broadcast-spawning reproductive strategy, are often conducted to evaluate reproductive success. Many of the fishes in this reproductive guild have suffered significant reductions in range and abundance. However, the efficiency of the sampling gear used to evaluate reproduction is often unknown and renders interpretation of the data from these studies difficult. Our objective was to assess the efficiency of a modified Moore egg collector (MEC) using field and laboratory trials. Gear efficiency was assessed by releasing a known quantity of gellan beads with a specific gravity similar to that of eggs from representatives of this reproductive guild (e.g., the Arkansas River Shiner Notropis girardi) into an outdoor flume and recording recaptures. We also used field trials to determine how discharge and release location influenced gear efficiency given current methodological approaches. The flume trials indicated that gear efficiency ranged between 0.0% and 9.5% (n = 57) in a simple 1.83-m-wide channel and was positively related to discharge. Efficiency in the field trials was lower, ranging between 0.0% and 3.6%, and was negatively related to bead release distance from the MEC and discharge. The flume trials indicated that the gellan beads were not distributed uniformly across the channel, although aggregation was reduced at higher discharges. This clustering of passively drifting particles should be considered when selecting placement sites for an MEC; further, the use of multiple devices may be warranted in channels with multiple areas of concentrated flow.

  3. Effect of openings collectors and solar irradiance on the thermal efficiency of flat plate-finned collector for indirect-type passive solar dryer

    Science.gov (United States)

    Batubara, Fatimah; Dina, Sari Farah; Klaudia Kathryn Y., M.; Turmuzi, M.; Siregar, Fitri; Panjaitan, Nora

    2017-06-01

    Research on the effect of openings solar collector and solar irradiance to thermal efficiency has been done. Solar collector by flat plate-finned type consists of 3 ply insulator namely wood, Styrofoam and Rockwool with thickness respectively are 10 mm, 25 mm and 50 mm. Absorber plate made of aluminum sheet with thickness of 0.30 mm, painted by black-doff. Installation of 19 units fins (length x height x thickness: 1000x20x10 mm) on the collector will increase surface area of absorber so it can receive much more solar energy. The solar collector cover is made of glass (thickness of 5 mm). During the research, the solar irradiance and temperature of collector are measured and recorded every five minutes. Temperature measurement performed on the surface of the absorber plate, inside of collector, surface cover and the outer side insulator (plywood). This data is used to calculate the heat loss due to conduction, convection and radiation on the collector. Openings of collectors vary as follows: 100%, 75%, 15% and 0% (total enclosed). The data collecting was conducted from 09.00 am to 17.00 pm and triplicates. The collector thermal efficiency calculated based on the ratio of the amount of heat received to the solar irradiance absorbed. The results show that each of openings solar collector has different solar irradiance (because it was done on a different day) which is in units of W/m2: 390 (100% open), 376 (75% open), 429 (15% open), and 359 (totally enclosed). The highest thermal efficiency is in openings variation of 15% opened. These results indicate that the efficiency of the collector is influenced by the solar irradiance received by the collector and the temperature on the collector plate. The highest thermal efficiency is in variation of openings 15%. These indicate that the efficiency of the collector was influenced by solar irradiance received by the collector and openings of the collector plate.

  4. COSTEAU - preheating and cooling by means of underground collectors with water circulation - case study (Perret building at Satigny, Geneva) and generalisation; COSTEAU. Prechauffage et rafraichissement par collecteurs souterrains a eau. Etude de cas (batiment Perret a Satigny, Geneve) et generalisation

    Energy Technology Data Exchange (ETDEWEB)

    Hollmuller, P.; Lachal, B.

    2003-07-01

    Since a couple of years, underground collectors with air circulation have been becoming increasingly popular as a simple means for preheating (at winter time) and cooling (at summer time) of outdoor air ahead of a ventilation system for well insulated buildings. This report considers underground collectors with water circulation used for similar purposes. They are connected to the ventilation system via an air/water heat exchanger. Starting from a case study - one-year detailed in-situ measurements and data analysis from an air-heated office building near Geneva, Switzerland - computerised simulations have been performed as a sensitivity analysis tool as well as to establish recommendations and sizing rules for planners, including cost considerations. In the case study it turned out that the water-circulated underground collector, which is installed right under the basement of this well insulated building, is in thermal contact with the basement. Its main function is to damp the daily temperature oscillation of the inlet ventilation air, bringing the expected thermal comfort improvement in the summer time. However, this underground collector is unable to collect seasonally stored heat from the ground. Hence, in the winter time the main preheating contribution arises from the series-connected heat-recovery unit from the exit air. Numerical simulations show that optimal sizing of underground collectors is essential, and that both the underground collector and the well insulated building as a physical system with thermal inertia have to be simultaneously considered in the optimization process. Optimization also has to include parasitic energy (electricity) needed by fans and pumps. As outdoor air inlet can never be flooded in the case of underground collectors with water circulation the sanitary risk encountered with air-circulated underground collectors does not exist for them. Initial investment cost for water-circulated underground collectors is higher than for a

  5. A systematic review of financial debt in adolescents and young adults: Prevalence, correlates and associations with crime

    OpenAIRE

    Hoeve, M.; Stams, G.J.J.M.; van der Zouwen, M.; Vergeer, M.; Jurrius, K.; Asscher, J.J.

    2014-01-01

    Financial debt in young people has increased in recent years. Because debt may have severe consequences, and it may enhance criminal behavior, insight into the prevalence and determinants of debt and its association with crime is important. We conducted a systematic review and meta-analysis of 36 manuscripts to examine the prevalence of financial debt (k = 23), correlates and risk factors of debt (k = 16), and associations between debt and criminal behavior in adolescents and young adults (k ...

  6. Standardized performance tests of collectors of solar thermal energy-a flat-plate collector with a single-tube serpentine flow distribution

    Science.gov (United States)

    Johnson, S.

    1976-01-01

    This preliminary data report gives basic test results of a flat-plate solar collector whose performance was determined in the NASA-Lewis solar simulator. The collector was tested over ranges of inlet temperatures, fluxes and coolant flow rates. Collector efficienty is correlated in terms of inlet temperature and flux level.

  7. Performance of cylindrical plastic solar collectors for air heating

    International Nuclear Information System (INIS)

    Abdullah, A.S.; Bassiouny, M.K.

    2014-01-01

    Highlights: • The study including the combined convective and radiative heat transfer analysis. • The solar collector is manufactured from LDPE films acting as a black absorber. • Comparisons between the experimental data and the theoretical methods have been made. • The thermal efficiency increases with decreasing the major axes of elliptic shape. • The Nusselt number between the absorber and the heated air is determined. - Abstract: A theoretical and experimental study including the combined convective and radiative heat transfer analysis of a flexible cylindrical type solar air-heater for agriculture crops dehydration as well as heating processes is presented. The solar collector is manufactured from LDPE films acting as a black absorber with a back insulation and double transparent covers sealed together along its edges. The collector is to be blown with a flow of pressurized air. The experiments are carried out with solar collectors of circular shapes having 0.5 m diameter and solar collectors of elliptic shapes having 0.55 m and 0.65 m major axis. Energy balance of the cover, absorber and air yield three simultaneous quadratic algebraic equations in the three unknowns namely, cover, absorber and outlet air temperatures. A computer program is written for calculating the outlet temperature using the Newton–Raphson method and the collector thermal efficiency in terms of its diameter, length, mass flow rate, inlet temperature and solar insolation. Moreover the Nusselt number between the absorber and the heated air is determined experimentally in relation with the Reynolds number. Comparisons between the experimental data and the theoretical methods for the collector efficiency demonstrate a good agreement. In addition of this, the present experimental results of Nusselt number are correlated and compared with a correlation of another authors

  8. Sustainability of the public debt and the financial crisis

    Directory of Open Access Journals (Sweden)

    Aura Gabriela SOCOL

    2013-03-01

    Full Text Available The European Union sovereign-debt crisis brings up again the problem of current account sustainability, the fiscal policy sustainability and the public debt sustainability, as well as the interconditionality between them. On the background of the severe structural problems, the lack of competitiveness has constituted the main factor resulting in the severe deterioration of the European public finances. The external deficits have put additional pressure upon the fiscal deficits. Practically, they entered a vicious circle, to a great extent due to the extremely different economic evolutions of the weak economies opposite to the strongly structurally advanced and solid economies. This study makes a risk analysis of the public debt sustainability in Romania for the period 2010-2015, under the circumstances in which it will enter the Euro zone in the near future.

  9. Exchange-traded funds of the eurozone sovereign debt

    Directory of Open Access Journals (Sweden)

    Drenovak Mikica

    2010-01-01

    Full Text Available Periods of high uncertainty bring liquidity concerns to the forefront for sovereign bond investors. Arguably the most liquid and cost-effective way for retail and small institutional investors to gain diversified sovereign bond exposure is through an exchange traded fund (ETF. In this paper we study the performance, country exposure, and replicating characteristics of a sample of 31 European index ETFs with exposure to eurozone sovereign debt. The obtained results are presented in the context of underlying index selection rules, types of replication, and movements in sovereign debt interest rates and sovereign CDS spreads. It is demonstrated that the ETFs focused on accurately track corresponding bond indices. This is consistent with earlier findings for equity index ETFs. Our results may be of interest for institutional investors, regulators, and everyone interested in sovereign debt investments.

  10. Debt as a Criminal Risk Factor in Denmark

    DEFF Research Database (Denmark)

    Olesen, Annette

    2016-01-01

    due to the ex-prisoners’ debt. Those convicted in Denmark are personally liable for their own legal costs. Thus, we must regard most ex-prisoners as being highly indebted to the state. The debt of ex-prisoners was generally understood as being the cause of financial problems, but legal regulation......Existing studies of crime preventive factors have illustrated that ex-prisoners who began a course of education, obtained employment and/or had permanent housing were less likely to relapse into crime. However, this study shows that the aforementioned crime preventing factors became less effective...... and informal punishment, as unintended consequences of indebtedness, were still poorly explored. This research indicates that legal regulation and informal punishment based on indebtedness may serve as an argument for considering debt as a criminal risk factor which has made the preventive factors less...

  11. Debt as a Criminal Risk Factor in Denmark

    DEFF Research Database (Denmark)

    Olesen, Annette

    2016-01-01

    and informal punishment, as unintended consequences of indebtedness, were still poorly explored. This research indicates that legal regulation and informal punishment based on indebtedness may serve as an argument for considering debt as a criminal risk factor which has made the preventive factors less......Existing studies of crime preventive factors have illustrated that ex-prisoners who began a course of education, obtained employment and/or had permanent housing were less likely to relapse into crime. However, this study shows that the aforementioned crime preventing factors became less effective...... due to the ex-prisoners’ debt. Those convicted in Denmark are personally liable for their own legal costs. Thus, we must regard most ex-prisoners as being highly indebted to the state. The debt of ex-prisoners was generally understood as being the cause of financial problems, but legal regulation...

  12. Bond Indenture Consent Solicitations as a Debt Management Tool

    Directory of Open Access Journals (Sweden)

    Jamie A. Anderson-Parson

    2015-07-01

    Full Text Available Many companies in recent years are seeking new ways to manage their debt liabilities. Companies with outstanding debt securities can engage in a variety of transactions with bond holders. Choices will depend to some extent on whether or not the company has access to cash and is able to purchase in the open market or through cash tender offer, or if without cash, by making an exchange offer of new securities for existing securities. Often in either case, there is a bond indenture consent solicitation needed to waive or amend existing bond terms, the announcement of which signals management’s intent to the market. Given the increasing prevalence of this practice as a debt management tool, this study seeks to determine whether it is truly perceived to be value enhancing by stockholders. Using an event study of 50 companies announcing bond indenture consent solicitations, we find that shareholders do benefit, and companies appear well served by this practice.

  13. The Challenge of "Fixing the Debt": Recommendations from the Summit.

    Science.gov (United States)

    Harris, Donna L; Chaddock, Harry M

    2018-01-01

    With education debt repayment taking up a significant amount of veterinarians' salaries, for a significant time into the working years, concern has been building that the current debt to starting salary ratio in the veterinary profession is not sustainable. The current ratio is 1.99:1, but it can be significantly higher for students who attend schools as an out-of-state resident. In April, 180 people concerned about this issue gathered at Michigan State University's College of Veterinary Medicine for a Fix the Debt Summit, which focused on actions that would reduce this ratio to a more sustainable level. Attendees were students; new graduates; those working in veterinary academia; employers of veterinarians; and those affiliated with the profession, such as professional associations. As solutions were proposed, participants also committed to taking action within their field of influence.

  14. Investment Timing, Liquidity, and Agency Costs of Debt

    DEFF Research Database (Denmark)

    Hirth, Stefan; Uhrig-Homburg, Marliese

    This paper examines the effect of debt and liquidity on corporate investment in a continuous-time dynamic framework. We show that due to stockholder-bondholder agency conflicts, investment thresholds are U-shaped in leverage and decreasing in liquidity. While the underinvestment problem dominates...... for low-liquidity firms, there is overinvestment for high-liquidity firms. In the absence of tax effects, we derive the optimal level of liquid funds that eliminates agency costs by implementing the first-best investment policy for some given capital structure. In a second step we generalize the framework...... by introducing a tax advantage of debt, and we show that an interior solution for liquidity and capital structure optimally trades off tax benefits and agency costs of debt....

  15. 76 FR 5070 - Offset of Tax Refund Payments To Collect Delinquent State Unemployment Compensation Debts

    Science.gov (United States)

    2011-01-28

    ... Payments To Collect Delinquent State Unemployment Compensation Debts AGENCY: Financial Management Service... (referred to as ``tax refund offset'') to collect delinquent State unemployment compensation debts. The Department of the Treasury (Treasury) will incorporate the procedures necessary to collect State unemployment...

  16. Student Credit Card Debt in the 21st Century: Options for Financial Aid Administrators.

    Science.gov (United States)

    Oleson, Mark

    2001-01-01

    Provides multiple workable solutions financial aid offices can offer students throughout their college experience to deal with debt: preventive solutions for avoiding problems with credit card debt, holistic solutions for other related problems, and remedial solutions for existing problems. (EV)

  17. Debt Collection Treasury Faces Challenges in Implementing Its Cross- Servicing Initiative

    National Research Council Canada - National Science Library

    Engel, Gary

    2000-01-01

    .... For example, our analysis of debts referred since the inception of the program though May 1999 showed that almost one half of the dollar value of the debts referred were over 4 years delinquent at the time of referral...

  18. INTERNAL MARKET GOVERNMENT SECURITIES IN PROMOTING THE EFFICIENCY OF DEBT POLICY OF UKRAINE

    Directory of Open Access Journals (Sweden)

    K. Kuryshchuk

    2014-01-01

    Full Text Available The article analyzes the effectiveness of debt policy of Ukraine, to its shortcomings and implications for the economy. The evaluation of the domestic government securities market and its impact on the efficiency of debt management.

  19. Efek Dampak Kebijakan DEBT Switching Terhadap Keuangan negara

    Directory of Open Access Journals (Sweden)

    Eri Hariyanto

    2015-12-01

    Full Text Available As an effect of the economic crisis in 1997-1998, the Government of Indonesia has issued 650.000 billion rupiah of government bonds to restructure banks. These bonds called recapitalization bonds. Problems surface when the maturity date of bonds is in 2004 to 2009. That will burden the state budget (APBN. To overcome that problem, the Government of Indonesia implements the Debt Switching Policy in 2002 and 2003. This article is to discuss effects of the Debt Switching Policy on the state budget (APBN and to comprehend the economy and politic phenomenon informulating that poling.

  20. Growth, Debt and Sovereignty: Prolegomena to the Greek Crisis

    OpenAIRE

    Stavros B. Thomadakis

    2015-01-01

    The paper reflects a basic premise: Greek participation in the Euro-zone marked a definitive institutional break in the process of contracting and managing public debt. Instead of internal debt, used extensively in earlier decades, euro-denominated sovereign issues were now placed in the international market. Thus, the Greek state became a net ‘exporter’ of financial claims to an extent unprecedented in its recent history. In assessing the prolegomena to crisis, I offer a review of the post-j...

  1. Growth-Maximizing Public Debt under Changing Demographics

    DEFF Research Database (Denmark)

    Bokan, Nikola; Hougaard Jensen, Svend E.; Hallett, Andrew Hughes

    2016-01-01

    This paper develops an overlapping-generations model to study the growth-maximizing level of public debt under conditions of demograhic change. It is shown that the optimal debt level depends on a positive marginal productivity of public capital. In general, it also depends on the demographic par...... will have to adjust its fiscal plans to accommodate those changes, most likely downward, if growth is to be preserved. An advantage of this model is that it allows us to determine in advance the way in which fiscal policies need to adjust as demographic parameters change....

  2. Performance of non-conventional solar collectors in local market of Nawabshah

    International Nuclear Information System (INIS)

    Memon, M.; Tanwani, N.K.; Memon, A.H.

    1998-01-01

    This paper presents experimental studies concerning the performance of solar collectors using sand-bed as absorbing surface and a collector. These collectors were designed, manufactured locally and tested in meteorological conditions of Nawabshah, Sindh, Pakistan. The ordinary tap water was used as working fluid and tests were carried out in open space during day time. The effect of collector area and tubing diameter on collector performance was investigated. For each test run ambient, inlet and outlet water temperature together with flow rate of collector fluid was recorded. Two collectors connected in series showed an increase of about 20 deg. C in outlet temperature of water. Thus an average increase of 15 deg. C in the temperature was observed for each collector. The temperature was raised to 90 deg. C using the concentrator in combination with the two non-conventional flat collectors. (author)

  3. Medical student debt at the Christchurch School of Medicine. The New Zealand Wellbeing, Intentions, Debt and Experiences (WIDE) survey of medical students pilot study. Results part I.

    Science.gov (United States)

    Gill, D; Palmer, C; Mulder, R; Wilkinson, T

    2001-10-26

    To determine the level and sources of medical student debt at the Christchurch School of Medicine. A questionnaire, The New Zealand Wellbeing, Intentions, Debt, and Experiences (WIDE) Survey of Medical Students, was developed and administered to all 204 medical students at the Christchurch School of Medicine and Health Sciences. Included were questions on student demographics, sources and levels of debt, parental financial support, and student perceptions of their debt. The response rate was 88%. International students, whose debt was with an overseas government, and students with mortgages were excluded from the data analysis. The combined total debt for the remaining 165 students was $7775000 with $6290000 (81%) owed to the Government Students Loans scheme. One quarter of 6th year medical students had a debt over $83250, 50% had a debt over $70000, and 75% had a debt over $50000. Student allowances were inaccessible to 64% of 4th and 5th year students and part-time employment during term-time was common. Lack of funds was reported to impair full participation in the medical course. The majority of medical students at the Christchurch School of Medicine accumulate high levels of debt, mainly dtrough the Government Student Loans scheme, during their medical training.

  4. Money circulation and debt circulation: A restatement of quantity theory of money

    OpenAIRE

    Xing, Xiaoyun; Xiong, Wanting; Chen, Liujun; Chen, Jiawei; Wang, Yougui; Stanley, H. Eugene

    2018-01-01

    Both money and debt are products of credit creation of banks. Money is always circulating among traders by facilitating commodity transactions. In contrast, debt is created by borrowing and annihilated by repayment as it is matured. However, when this creation- annihilation process is mediated by banks which are constrained by a credit capacity, there exists continuous transfer of debt among debtors, which can be defined as debt circulation. This paper presents a multi-agent model in which in...

  5. Debts of Cyprus Households: Lessons from the First Cyprus Survey of Consumer Finances

    OpenAIRE

    Michael Haliassos; Christis Hassapis; Alex Karagrigoriou; George Kyriacou; Michalis C. Michael; George Syrichas

    2003-01-01

    This paper describes participation of Cyprus households in various debts using data from the first (1999) Cyprus Survey of Consumer Finances. It complements our previous paper that described household participation in various types of assets (Haliassos et al., 2001). Debts considered encompass personal unsecured loans, including credit card debt, and loans secured by housing collateral, mainly mortgage debt. Findings are of policy interest, as they show the extent of household participation i...

  6. Private Debt Overhang and the Government Spending Multiplier: Evidence for the United States

    OpenAIRE

    Bernardini, Marco; Peersman, Gert

    2015-01-01

    Using state-dependent local projection methods and historical U.S. data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, we find significant crowding-out of personal consumption and investment in low-debt states, resulting in multipliers that are significantly below one. Conversely, in periods of private debt overhang, there is a strong crowding-in effect, while multipliers are much larger than one. In high-debt states, ...

  7. GOVERNMENT DEBT, INTEREST RATES AND INTERNATIONAL CAPITAL FLOWS: EVIDENCE FROM COINTEGRATION

    OpenAIRE

    Pene Kalulumia

    2000-01-01

    This paper examines the impact of government debt on interest rates in the United States, Germany, the United Kingdom and Canada. It builds on the general portfolio balance framework which allows for both direct and indirect tests of the link between public debt and interest rates, and uses the Johansen-Juselius multivariate cointegration techniques to perform these tests. Indirect tests in this model consist of investigating the debt impact on interest rates through the effects of debt on th...

  8. Is the quantity of government debt a constraint for monetary policy?

    OpenAIRE

    Mitra, Srobona

    2015-01-01

    This paper derives an interest rate rule for monetary policy in which the interest rate response of the central bank toward an increase in expected inflation falls as debts increase beyond a certain threshold level. A debt-constrained interest rate rule and the threshold level of debt are jointly estimated for Canada during the first decade of its inflation targeting regime of the 1990s. There are three main findings of this paper. First, a high government debt could constrain monetary policy...

  9. Optimum tilt angle and orientation for solar collectors in Syria

    International Nuclear Information System (INIS)

    Skeiker, Kamal

    2009-01-01

    One of the important parameters that affect the performance of a solar collector is its tilt angle with the horizon. This is because of the variation of tilt angle changes the amount of solar radiation reaching the collector surface. A mathematical model was used for estimating the solar radiation on a tilted surface, and to determine the optimum tilt angle and orientation (surface azimuth angle) for the solar collector in the main Syrian zones, on a daily basis, as well as for a specific period. The optimum angle was computed by searching for the values for which the radiation on the collector surface is a maximum for a particular day or a specific period. The results reveal that changing the tilt angle 12 times in a year (i.e. using the monthly optimum tilt angle) maintains approximately the total amount of solar radiation near the maximum value that is found by changing the tilt angle daily to its optimum value. This achieves a yearly gain in solar radiation of approximately 30% more than the case of a solar collector fixed on a horizontal surface.

  10. Commissioning a Megawatt-class Gyrotron with Collector Potential Depression

    Science.gov (United States)

    Lohr, J.; Cengher, M.; Gorelov, Y. A.; Ponce, D.; Prater, R.

    2013-10-01

    A 110 GHz depressed collector gyrotron has been installed on the DIII-D tokamak. The commissioning process rapidly achieved operation at full parameters, 45 A and 94 kV total voltage, with 29 kV depression. Although short pulse, 2 ms, factory testing demonstrated 1.2 MW at 41% electrical efficiency, long pulse testing at DIII-D achieved only 33% efficiency at full power parameters, for pulse lengths up to 10 s. Maximum generated power was ~950 kW, considerably below the 1.2 MW target. During attempts to increase the power at 5 s pulse length, it was noted that the collector cooling water was boiling. This led to the discovery that 14 of the 160 cooling channels in the collector had been blocked by braze material during manufacture of the tube. The locations of blocked channels were identified using infrared imaging of the outside of the collector during rapid changes in the cooling water temperature. Despite these difficulties, the rf beam itself was of very high quality and the stray rf found calorimetrically in the Matching Optics Unit, which couples the Gaussian rf beam to the waveguide, was only 2% of the generated power, about half that of our previous best quality high power beam. Details of the power measurements and collector observations will be presented. Work supported by the US DOE under DE-FC02-04ER54698.

  11. Performance of direct absorption solar collector with nanofluid mixture

    International Nuclear Information System (INIS)

    Turkyilmazoglu, Mustafa

    2016-01-01

    Highlights: • Neat approximations for temperature and solar collector efficiency are presented. • The non-adiabatic and isothermal base mechanisms optimize the surface absorption. • Heat transferring material at the bottom panel enhances the thermal efficiency. • Isothermal base panel leads to maximum thermal efficiency of the solar receiver. - Abstract: The enhancement of performance by increasing the thermal efficiency of a direct absorption solar collector based on an alumina–water nanofluid is the prime target of the present research. The base panel of the collector channel is subject to either a non adiabatic or an isothermal wall condition both of which introduce two new physical parameters. Analytical solutions for the temperature field are worked out in both cases for a two dimensional steady-state model recently outlined in the literature. The desired increase in the temperature of the heat transferring nanofluid is achieved either by slightly rising the heat transfer coefficient of the bottom panel coating or by prescribing a bottom surface temperature. As a consequence of the increase in the final outlet mean temperature, the solar collector thermal efficiency is found to be enhanced via increasing the new physical parameters as compared to the traditional adiabatic wall case. For instance, 85.63% thermal efficiency of solar collector is achievable for non adiabatic bottom panel by adding suspended aluminum nanoparticles into the pure water. Even better than this, considering isothermal base panels, 100% efficiency is attained more rapidly with lesser base temperatures in the presence of higher nanoparticle volume fractions.

  12. Integrated collector storage solar water heater: Temperature stratification

    International Nuclear Information System (INIS)

    Garnier, C.; Currie, J.; Muneer, T.

    2009-01-01

    An analysis of the temperature stratification inside an Integrated Collector Storage Solar Water Heater (ICS-SWH) was carried out. The system takes the form of a rectangular-shaped box incorporating the solar collector and storage tank into a single unit and was optimised for simulation in Scottish weather conditions. A 3-month experimental study on the ICS-SWH was undertaken in order to provide empirical data for comparison with the computed results. Using a previously developed macro model; a number of improvements were made. The initial macro model was able to generate corresponding water bulk temperature in the collector with a given hourly incident solar radiation, ambient temperature and inlet water temperature and therefore able to predict ICS-SWH performance. The new model was able to compute the bulk water temperature variation in different SWH collectors for a given aspect ratio and the water temperature along the height of the collector (temperature stratification). Computed longitudinal temperature stratification results obtained were found to be in close agreement with the experimental data.

  13. Performance analysis of photovoltaic thermal (PVT) water collectors

    International Nuclear Information System (INIS)

    Fudholi, Ahmad; Sopian, Kamaruzzaman; Yazdi, Mohammad H.; Ruslan, Mohd Hafidz; Ibrahim, Adnan; Kazem, Hussein A.

    2014-01-01

    Highlights: • Performances analysis of PVT collector based on energy efficiencies. • New absorber designs of PVT collectors were presented. • Comparison present study with other absorber collector designs was presented. • High efficiencies were obtained for spiral flow absorber. - Abstract: The electrical and thermal performances of photovoltaic thermal (PVT) water collectors were determined under 500–800 W/m 2 solar radiation levels. At each solar radiation level, mass flow rates ranging from 0.011 kg/s to 0.041 kg/s were introduced. The PVT collectors were tested with respect to PV efficiency, thermal efficiency, and a combination of both (PVT efficiency). The results show that the spiral flow absorber exhibited the highest performance at a solar radiation level of 800 W/m 2 and mass flow rate of 0.041 kg/s. This absorber produced a PVT efficiency of 68.4%, a PV efficiency of 13.8%, and a thermal efficiency of 54.6%. It also produced a primary-energy saving efficiency ranging from 79% to 91% at a mass flow rate of 0.011–0.041 kg/s

  14. Effect of the collector tube profile on Pitot pump performances

    Science.gov (United States)

    Komaki, K.; Kanemoto, T.; Sagara, K.; Umekage, T.

    2013-12-01

    The pitot pump is composed of the rotating casing with the impeller channel and the pitot tube type collector as the discharge line. The radial impeller feeds water to the rotating casing. The water rotating together with the casing is caught by the stationary pitot tube type collector, and then discharges to the outside. This type pump, as the extra high head pump, is provided mainly for boiler feed systems, and has been designed by trial and error. To optimize the pump profiles, it is desirable to investigate not only performances but also internal flow conditions. This paper discusses experimentally and numerically the relation between the pump performances and the flow conditions in the rotating casing. The moderately larger dimensions of the collector make the pump head and the discharge high with the higher hydraulic efficiency. The flow in the casing is almost the forced vortex type whose velocity is in proportion to the radius but the core velocity is affected with the drag force of the stationary collector. Based upon the above results, the profile of the pitot tube type collector was optimized with the numerical simulation.

  15. Effect of the collector tube profile on Pitot pump performances

    International Nuclear Information System (INIS)

    Komaki, K; Sagara, K; Kanemoto, T; Umekage, T

    2013-01-01

    The pitot pump is composed of the rotating casing with the impeller channel and the pitot tube type collector as the discharge line. The radial impeller feeds water to the rotating casing. The water rotating together with the casing is caught by the stationary pitot tube type collector, and then discharges to the outside. This type pump, as the extra high head pump, is provided mainly for boiler feed systems, and has been designed by trial and error. To optimize the pump profiles, it is desirable to investigate not only performances but also internal flow conditions. This paper discusses experimentally and numerically the relation between the pump performances and the flow conditions in the rotating casing. The moderately larger dimensions of the collector make the pump head and the discharge high with the higher hydraulic efficiency. The flow in the casing is almost the forced vortex type whose velocity is in proportion to the radius but the core velocity is affected with the drag force of the stationary collector. Based upon the above results, the profile of the pitot tube type collector was optimized with the numerical simulation

  16. Optimization of the functional domain of flat plate collectors

    Science.gov (United States)

    Ritoux, G.; Irigaray, J.-L.

    1981-12-01

    The variations of the extracted heat flux as function of the temperature of the heat transfer fluid in black and selective surface solar collectors are examined. The heat flux is calculated based on the difference of the initial to the stage of thermal equilibrium of the fluid. A nonlinear system of equations is developed and solved by a fast, iterative method to obtain the equilibrium temperatures. It is found that more flux can be extracted from the solar heat by a collector with only one glass cover than with more than one cover. The captured flux is proportional to the coefficient of transmission of the glass coverings, to the coefficient of absorption of the collector, and to the incident flux. Black painted surfaces were more absorbent than selective surfaces, and highest collection efficiencies were displayed by low temperature collectors. Charts of effective uses of the respective types of collectors for heating swimming pools, hot water, home heat, and for refrigeration and air-conditioning are provided.

  17. Wide bandgap collector III-V double heterojunction bipolar transistors

    International Nuclear Information System (INIS)

    Flitcroft, R.M.

    2000-10-01

    This thesis is devoted to the study and development of Heterojunction Bipolar Transistors (HBTs) designed for high voltage operation. The work concentrates on the use of wide bandgap III-V semiconductor materials as the collector material and their associated properties influencing breakdown, such as impact ionisation coefficients. The work deals with issues related to incorporating a wide bandgap collector into double heterojunction structures such as conduction band discontinuities at the base-collector junction and results are presented which detail, a number of methods designed to eliminate the effects of such discontinuities. In particular the use of AlGaAs as the base material has been successful in eliminating the conduction band spike at this interface. A method of electrically injecting electrons into the collector has been employed to investigate impact ionisation in GaAs, GaInP and AlInP which has used the intrinsic gain of the devices to extract impact ionisation coefficients over a range of electric fields beyond the scope of conventional optical injection techniques. This data has enabled the study of ''dead space'' effects in HBT collectors and have been used to develop an analytical model of impact ionisation which has been incorporated into an existing Ebers-Moll HBT simulator. This simulator has been shown to accurately reproduce current-voltage characteristics in both the devices used in this work and for external clients. (author)

  18. Price effects of sovereign debt auctions in the euro-zone: the role of the crisis

    NARCIS (Netherlands)

    Beetsma, R.; Giuliodori, M.; de Jong, F.; Widijanto, D.

    2016-01-01

    We show that new public debt issues cause an auction cycle for Italian secondary-market debt, but not for German debt. The cycle is mainly observed for the crisis period since mid-2007 and is larger when the crisis, as measured by yield volatility and CDS spreads of primary dealers, is more intense.

  19. Towards a Rhythmanalysis of Debt Dressage: Education as Rhythmic Resistance in Everyday Indebted Life

    Science.gov (United States)

    Wozniak, Jason Thomas

    2017-01-01

    Debt shapes subjectivity by rhythmically training indebted subjects. Stated slightly differently, there exists a debt dressage that produces indebted subjectivity. One of the principle aims of this article is to introduce rhythm into the debt analysis debates. Building on Henri Lefebvre's book "Rhythmanalysis: Space, Time and Everyday…

  20. 77 FR 65248 - Senior Executive Service; Public Debt Performance Review Board

    Science.gov (United States)

    2012-10-25

    ... Performance Review Board AGENCY: Bureau of the Public Debt, Treasury. ACTION: Notice. SUMMARY: This notice announces the appointment of the members of the Public Debt Performance Review Board (PRB) for the Bureau of the Public Debt (BPD). The PRB reviews the performance appraisals of career senior executives who are...

  1. 20 CFR 422.305 - Report of overdue program overpayment debts to consumer reporting agencies.

    Science.gov (United States)

    2010-04-01

    ... debts to consumer reporting agencies. (a) Debts we will report. We will report to consumer reporting... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false Report of overdue program overpayment debts to consumer reporting agencies. 422.305 Section 422.305 Employees' Benefits SOCIAL SECURITY...

  2. Debt and its aftermath : The Near Eastern background to Solon's seisachtheia

    NARCIS (Netherlands)

    Blok, J.H.; Krul, Julia

    2017-01-01

    Debts were a structural factor in the lives of small peasants in the entire ancient world. In Archaic Greece, Solon of Athens took the unique measure to cancel all debts, to abolish debt-slavery and to bring back those who had been sold abroad. For this innovation, he drew on the tradition of

  3. Relationships between College Students' Credit Card Debt, Undesirable Academic Behaviors and Cognitions, and Academic Performance

    Science.gov (United States)

    Hogan, Eileen A.; Bryant, Sarah K.; Overymyer-Day, Leslie E.

    2013-01-01

    The acquisition of credit card debt by college students has long been a topic of concern. This study explores relationships among debt, undesirable academic behaviors and cognitions, and academic performance, through surveys of 338 students in a public university, replicating two past measures of credit card debt and creating new measures of…

  4. Transparency in State Debt Disclosure. Working Papers. No. 17-10

    Science.gov (United States)

    Zhao, Bo; Wang, Wen

    2017-01-01

    We develop a new measure of relative debt transparency by comparing the amount of state debt reported in the annual Census survey and the amount reported in the statistical section of the state Comprehensive Annual Financial Report (CAFR). GASB 44 requires states to start reporting their total debt in the CAFR statistical section in FY 2006.…

  5. 7 CFR 1403.17 - Referral of debts to Department of Justice.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 10 2010-01-01 2010-01-01 false Referral of debts to Department of Justice. 1403.17... PROCEDURES § 1403.17 Referral of debts to Department of Justice. Debts which cannot be collected in accordance with these regulations may be referred to the Department of Justice for collection action. ...

  6. 45 CFR 2506.11 - Will the Corporation refer debts to the Department of Justice?

    Science.gov (United States)

    2010-10-01

    ... 45 Public Welfare 4 2010-10-01 2010-10-01 false Will the Corporation refer debts to the Department of Justice? 2506.11 Section 2506.11 Public Welfare Regulations Relating to Public Welfare (Continued... Corporation refer debts to the Department of Justice? The Corporation will refer to DOJ for litigation debts...

  7. 42 CFR 413.89 - Bad debts, charity, and courtesy allowances.

    Science.gov (United States)

    2010-10-01

    ... 42 Public Health 2 2010-10-01 2010-10-01 false Bad debts, charity, and courtesy allowances. 413.89... Categories of Costs § 413.89 Bad debts, charity, and courtesy allowances. Link to an amendment published at 75 FR 49198, Aug. 12, 2010. (a) Principle. Bad debts, charity, and courtesy allowances are deductions...

  8. 26 CFR 1.593-5 - Addition to reserves for bad debts.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 7 2010-04-01 2010-04-01 true Addition to reserves for bad debts. 1.593-5... bad debts. (a) Amount of addition. As an alternative to a deduction from gross income under section... a deduction under section 166(c) for a reasonable addition to a reserve for bad debts. In the case...

  9. 26 CFR 1.585-5 - Denial of bad debt reserves for large banks.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 7 2010-04-01 2010-04-01 true Denial of bad debt reserves for large banks. 1...) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Banking Institutions § 1.585-5 Denial of bad debt... other section for an addition to a reserve for bad debts. However, for these years, except as provided...

  10. An Evaluation of the Revenue side as a source of fiscal consolidation in high debt economies

    DEFF Research Database (Denmark)

    Banerjee, Ritwik

    Unsustainable levels of debt in some European economies are causing considerable strain in the Euro area. Successful debt consolidation in high debt economies is one of the most important important objective for the European policy makers. I use a dynamic general equilibrium closed economy model...

  11. 36 CFR 1011.15 - How will the Presidio Trust refer debts to private collection contractors?

    Science.gov (United States)

    2010-07-01

    ... 36 Parks, Forests, and Public Property 3 2010-07-01 2010-07-01 false How will the Presidio Trust... Property PRESIDIO TRUST DEBT COLLECTION Procedures To Collect Presidio Trust Debts § 1011.15 How will the Presidio Trust refer debts to private collection contractors? The Presidio Trust will transfer delinquent...

  12. 36 CFR 1011.7 - When will the Presidio Trust compromise a debt?

    Science.gov (United States)

    2010-07-01

    ... 36 Parks, Forests, and Public Property 3 2010-07-01 2010-07-01 false When will the Presidio Trust... Procedures To Collect Presidio Trust Debts § 1011.7 When will the Presidio Trust compromise a debt? (a... debt owed to the Presidio Trust that is not recovered as the result of a compromise will be reported to...

  13. 76 FR 72498 - Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation

    Science.gov (United States)

    2011-11-23

    ... interest charges for outstanding debts owed to the Government. Treasury's Cash Management Requirements (TFM... DEPARTMENT OF THE TREASURY Fiscal Service Rate for Use in Federal Debt Collection and Discount and...: Pursuant to Section 11 of the Debt Collection Act of 1982, as amended, (31 U.S.C. 3717), the Secretary of...

  14. New England's Disadvantaged Populations Struggle the Most with Student Debt Repayment

    Science.gov (United States)

    Saas, Darcy Rollins

    2016-01-01

    Regularly reported statistics about high and growing student-loan debt levels, combined with increased rates of delinquency and default, have prompted calls to address the student-debt "crisis." For New England, with its highly educated population and large higher education industry, student-loan debt is an important economic policy…

  15. Price effects of sovereign debt auctions in the Euro-zone : The role of the crisis

    NARCIS (Netherlands)

    Beetsma, R.M.W.J.; Giuliodori, M.; de Jong, F.C.J.M.; Widijanto, D.

    We show that new public debt issues cause an auction cycle for Italian secondary-market debt, but not for German debt. The cycle is mainly observed for the crisis period since mid-2007 and is larger when the crisis, as measured by yield volatility and CDS spreads of primary dealers, is more intense.

  16. Analysis of the Impact of External Debt on Economic Growth in an ...

    African Journals Online (AJOL)

    Analysis of the Impact of External Debt on Economic Growth in an Emerging Economy: Evidence from Nigeria. ... African Research Review ... Findings reveal that debt service payment has negative and insignificant impact on Nigeria's economic growth while external debt stock has positive and significant effect on Nigeria's ...

  17. 26 CFR 1.271-1 - Debts owed by political parties.

    Science.gov (United States)

    2010-04-01

    ... has been active in the party no bad debt deduction will be allowed with respect to the loan. (b...), no deduction shall be allowed under section 166 (relating to bad debts) or section 165(g) (relating... appears that the bad debt was incurred to or purchased by, or the worthless security was acquired by, the...

  18. Increasing public debt collection with nudging: Results of two natural field experiments

    DEFF Research Database (Denmark)

    Jensen, Niels Holm; Nielsen, Lisbeth Fyhn; Rasmussen, Stephan

    2017-01-01

    Using two natural field experiments, we tested whether nudging could contribute as a cost-free instrument to increase voluntary public debt collection. We manipulated standard reminder notices sent to two samples (N = 396 and N = 549) with public debt in a municipality in Denmark, a country...... that nudging may contribute to public debt collection....

  19. Development and External Debt: Friend or Foe? Academy for Educational Development 25th Anniversary Seminar Series.

    Science.gov (United States)

    Hope, Nicholas C.

    Arguing that the benefits from borrowing abroad exceed the costs recently imposed on countries through debt-servicing difficulties, this paper defines debt as an engine of growth, forcing the borrower to produce goods efficiently, export them, and function competitively in the international market. Debt-servicing difficulties of developing nations…

  20. 15 CFR 19.15 - How will Commerce entities refer Commerce debts to private collection agencies?

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false How will Commerce entities refer Commerce debts to private collection agencies? 19.15 Section 19.15 Commerce and Foreign Trade Office of the Secretary of Commerce COMMERCE DEBT COLLECTION Procedures To Collect Commerce Debts § 19.15 How will...

  1. 15 CFR 19.14 - How will Commerce entities report Commerce debts to credit bureaus?

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false How will Commerce entities report Commerce debts to credit bureaus? 19.14 Section 19.14 Commerce and Foreign Trade Office of the Secretary of Commerce COMMERCE DEBT COLLECTION Procedures To Collect Commerce Debts § 19.14 How will Commerce entities...

  2. 15 CFR 19.7 - When will Commerce entities compromise a Commerce debt?

    Science.gov (United States)

    2010-01-01

    ... 15 Commerce and Foreign Trade 1 2010-01-01 2010-01-01 false When will Commerce entities compromise a Commerce debt? 19.7 Section 19.7 Commerce and Foreign Trade Office of the Secretary of Commerce COMMERCE DEBT COLLECTION Procedures To Collect Commerce Debts § 19.7 When will Commerce entities compromise...

  3. 76 FR 64429 - Senior Executive Service; Public Debt Performance Review Board (PRB)

    Science.gov (United States)

    2011-10-18

    ... DEPARTMENT OF THE TREASURY Bureau of the Public Debt Senior Executive Service; Public Debt Performance Review Board (PRB) AGENCY: Bureau of the Public Debt, Treasury. ACTION: Notice of Members of... reviews the performance appraisals of career senior executives who are below the level of Assistant...

  4. Turn Management or Impression Management?

    NARCIS (Netherlands)

    ter Maat, Mark; Heylen, Dirk K.J.; Ruttkay, Z.M.; Kipp, M.; Nijholt, Antinus; Vilhjálmsson, H.H.

    2009-01-01

    We look at how some basic choices in the management of turns influence the impression that people get from an agent. We look at scales concerning personality, emotion and interpersonal stance. We do this by a person perception study, or rather an agent perception study, using simulated conversations

  5. Professional Employees Turn to Unions

    Science.gov (United States)

    Chamot, Dennis

    1976-01-01

    White-collar and professional employees are increasingly turning to unions to combat their loss of independence as employees of large organizations. Managers should realize that they and professional employees have different viewpoints about job situations and that the current trend toward white-collar unionism is apt to continue. (JG)

  6. Why Does Hair Turn Gray?

    Science.gov (United States)

    ... out, but people with naturally lighter hair are just as likely to go gray. From the time a person notices a few gray hairs, it may take more than 10 years for all of that person's hair to turn ... really believe that this happens. Just in case, try not to freak out your ...

  7. Phenomenology and the Empirical Turn

    NARCIS (Netherlands)

    Zwier, Jochem; Blok, Vincent; Lemmens, Pieter

    2016-01-01

    This paper provides a phenomenological analysis of postphenomenological philosophy of technology. While acknowledging that the results of its analyses are to be recognized as original, insightful, and valuable, we will argue that in its execution of the empirical turn, postphenomenology forfeits

  8. VALIDATION OF SIMULATION MODELS FOR DIFFERENTLY DESIGNED HEAT-PIPE EVACUATED TUBULAR COLLECTORS

    DEFF Research Database (Denmark)

    Fan, Jianhua; Dragsted, Janne; Furbo, Simon

    2007-01-01

    Differently designed heat-pipe evacuated tubular collectors have been investigated theoretically and experimentally. The theoretical work has included development of two TRNSYS [1] simulation models for heat-pipe evacuated tubular collectors utilizing solar radiation from all directions. One model...... coating on both sides. The input to the models is thus not a simple collector efficiency expression but the actual collector geometry. In this study, the TRNSYS models are validated with measurements for four differently designed heat-pipe evacuated tubular collectors. The collectors are produced...

  9. Development of 12.5 m² Solar Collector Panel for Solar Heating Plants

    DEFF Research Database (Denmark)

    Vejen, Niels Kristian; Furbo, Simon; Shah, Louise Jivan

    2004-01-01

    and large solar heating systems. Based on the theoretical findings a prototype of an improved HT solar collector was built and tested side-by-side with the original HT solar collector. The improved HT collector makes use of a changed insulation material, an absorber with improved absorptance and emittance......Theoretical and experimental investigations have elucidated how different changes in the design of the 12.5 m(2) HT flat-plate solar collector from the Danish company ARCON Solvarme A/S influence the solar collector efficiency and the yearly thermal performance. The collector is designed for medium...

  10. Evaluation of initial collector field performance at the Langley Solar Building Test Facility

    Science.gov (United States)

    Boyle, R. J.; Knoll, R. H.; Jensen, R. N.

    1977-01-01

    The thermal performance of the solar collector field for the NASA Langley Solar Building Test Facility is given for October 1976 through January 1977. An 1180 square meter solar collector field with seven collector designs helped to provide hot water for the building heating system and absorption air conditioner. The collectors were arranged in 12 rows with nominally 51 collectors per row. Heat transfer rates for each row are calculated and recorded along with sensor, insolation, and weather data every 5 minutes using a mini-computer. The agreement between the experimental and predicted collector efficiencies was generally within five percentage points.

  11. Absorber Alignment Measurement Tool for Solar Parabolic Trough Collectors: Preprint

    Energy Technology Data Exchange (ETDEWEB)

    Stynes, J. K.; Ihas, B.

    2012-04-01

    As we pursue efforts to lower the capital and installation costs of parabolic trough solar collectors, it is essential to maintain high optical performance. While there are many optical tools available to measure the reflector slope errors of parabolic trough solar collectors, there are few tools to measure the absorber alignment. A new method is presented here to measure the absorber alignment in two dimensions to within 0.5 cm. The absorber alignment is measured using a digital camera and four photogrammetric targets. Physical contact with the receiver absorber or glass is not necessary. The alignment of the absorber is measured along its full length so that sagging of the absorber can be quantified with this technique. The resulting absorber alignment measurement provides critical information required to accurately determine the intercept factor of a collector.

  12. Solar water disinfecting system using compound parabolic concentrating collector

    Energy Technology Data Exchange (ETDEWEB)

    El-Ghetany, H.H.; Saitoh, T.S. [Tohoku Univ., Sendai (Japan)

    2000-05-31

    Solar water disinfection is an alternative technology using solar radiation and thermal treatment to inactivate and destroy pathogenic microorganisms present in water. The Compound Parabolic Concentrating, (CPC) collector can be used as an efficient key component for solar disinfectanting system. Two types of the CPC collectors are studied, namely the transparent-tube and the Copper-tube CPC collector. It is found that after 30 minutes of exposing the water sample to solar radiation or heating it up to 65 degree C for a few minuets all the coliform bacterial present in the contaminated water sample were completely eliminated. In this article, the effect of water temperature on the disinfecting process was presented. Thermal and micro-biological measurements were also made to evaluate the system performance. (author)

  13. Four Interstellar Dust Candidates from the Stardust Interstellar Dust Collector

    Science.gov (United States)

    Westphal, A. J.; Allen, C.; Bajt, S.; Bechtel, H. A.; Borg, J.; Brenker, F.; Bridges, J.; Brownlee, D. E.; Burchell, M.; Burghammer, M.; hide

    2011-01-01

    In January 2006, the Stardust sample return capsule returned to Earth bearing the first solid samples from a primitive solar system body, Comet 81P/Wild2, and a collector dedicated to the capture and return of contemporary interstellar dust. Both collectors were approx. 0.1 sq m in area and were composed of aerogel tiles (85% of the collecting area) and aluminum foils. The Stardust Interstellar Dust Collector (SIDC) was exposed to the interstellar dust stream for a total exposure factor of 20 sq m/day. The Stardust Interstellar Preliminary Examination (ISPE) is a consortium-based project to characterize the collection using nondestructive techniques. The goals and restrictions of the ISPE are described . A summary of analytical techniques is described.

  14. Optical losses due to tracking on solar thermal collectors

    DEFF Research Database (Denmark)

    Sallaberry, Fabienne; Pujol-Nadal, Ramn; Peres, Bengt

    2017-01-01

    For a wide range of operational temperatures, the solar thermal collectors can use optical concentration systems to optimize their efficiency. However, as optical concentration relies on direct solar radiation, it is necessary to use a solar tracker following the sun direction to maximize...... the amount of useful solar radiation received. The selection of the appropriate tracking systems matching the optical concentration factor is essential to achieve optimal collector efficiency. Otherwise, the concentrator would experience high optical losses due to the inadequate focusing of the direct solar...... radiation onto its receiver, regardless of its quality. This paper gives the state-of-the-art of the methodologies available to characterize the tracking error of a concentrating collector, a summary of different previous studies done in this subject and of the standardization regarding the tracking...

  15. Low cost bare-plate solar air collector

    Science.gov (United States)

    Maag, W. L.; Wenzler, C. J.; Rom, F. E.; Vanarsdale, D. R.

    1980-09-01

    A low cost, bare plate solar collector for preheating ambient air was developed. This type of solar heating system would be applicable for preheating ventilation air for public buildings or other commercial and industrial ventilation requirements. Two prototype collectors were designed, fabricated and installed into an instrumented test system. Tests were conducted for a period of five months. Results of the tests showed consistent operating efficiencies of 60 percent or greater with air preheat temperature uses up to 20 degrees for one of the prototypes. The economic analyses indicated that this type of solar system was economically viable. For the materials of construction and the type of fabrication and installation perceived, costs for the bare plate solar collector are attainable. Applications for preheating ventilation air for schools were evaluated and judged to be economically viable.

  16. Liquid metal current collectors for high-speed rotating machinery

    International Nuclear Information System (INIS)

    Carr, S.L.

    1976-01-01

    Recent interest in superconducting motors and generators has created a renewed interest in homopolar machinery. Homopolar machine designs have always been limited by the need for compact, high-current, low-voltage, sliding electrical curent collectors. Conventional graphite-based solid brushes are inadequate for use in homopolar machines. Liquid metals, under certain conditions of relative sliding velocities, electrical currents, and magnetic fields are known to be capable of performing well in homopolar machines. An effort to explore the capabilities and limits of a tongue-and-groove style current collector, utilizing sodium-potassium eutectic alloy (NaK) as the working fluid in high sliding speed operation is reported here. A double current collector generator model with a 14.5-cm maximum rotor diameter, 20,000 rpm rotational capability, and electrical current carrying ability was constructed and operated successfully at a peripheral velocity of 125 m/s. The limiting factor in these experiments was a high-speed fluid-flow instability resulting in the ejection of the working fluid from the operating portions of the collectors. The effects of collector size and geometry, working fluid (NaK or water), and cover gas pressure are reported. Hydrodynamic frictional torque-speed curves are given for the two fluids and for several geometries. Electrical resistances as a function of peripheral velocity at 60 amperes are reported, and the phenomenology of the high-speed fluid-flow instabilities is discussed. The possibility of long-term high-speed operation of current collectors of the tongue-and-groove type, along with experimental and theoretical hydrodynamic friction losses at high peripheral velocities, is considered

  17. Extending Entropy Stability Measure To External Debt Structure ...

    African Journals Online (AJOL)

    This study focuses on the measure of stability of external debt using entropy. This is achieved by modifying the conglomerate of Shannon and Boltzmann entropy. This modification rectifies the limitations of these models. Practical illustration of the modified model is also given to justify its use. Journal of Science ...

  18. THE ECONOMIC IMPACT OF FOREIGN DEBT IN GREECE

    Directory of Open Access Journals (Sweden)

    Olga Korol

    2015-11-01

    Full Text Available The purpose. The impact of foreign debt growth on the social and economic performance of Greece was shown. The parameters of GDP, consumption, interest rates, unemployment and government spendings were analyzed. Methodology. Data obtained for 2001-2014 was used for regression analysis, vector autoregression and as well as Kalman filter. Results. A multi-faced analysis of the debt for EU-member states and Greece in particular was performed. The events and decisions of Greek authorities leading to the crisis were summarized in structural and logical scheme. The recommendations for the economic policy of Greece, based on the performed analysis were suggested. The practical applications. Establishment of all weaknesses and empirical testing of the necessary indicators in this study was the basis for the justification of measures to stabilize the economic situation in Ukraine and Greece. Value/originality. The Mandel-Fleming model and the model of balance of savings-investments was used for the first time for the theoretical interpretation of the nature of the debt crisis in Greece, that under the influence of capital inflows caused by the deterioration of the current account balance and interest rate cuts. The increase in foreign borrowings has led to an increase in the budget deficit and reduction in savings. Also for the first time performed regression-correlation analysis, in particular the Kalman filter is used to study the effect of debt on macroeconomic performance of the Greek economy.

  19. Fiscal transparency, political parties, and debt in OECD countries

    DEFF Research Database (Denmark)

    Alt, James E.; Lassen, David Dreyer

    2006-01-01

    Many believe and argue that fiscal, or budgetary, transparency has large, positive effects on fiscal performance. However, the evidence linking transparency and fiscal policy outcomes is less compelling. To analyze the effects of fiscal transparency on public debt accumulation, we present a career...

  20. Architectural Debt Management in Value-oriented Architecting

    NARCIS (Netherlands)

    Li, Z.; Liang, P.; Avgeriou, P.

    2014-01-01

    Architectural technical debt (ATD) may be incurred when making architecture decisions. In most cases, ATD is not effectively managed in the architecting process: It is not made explicit, and architecture decision making does not consider the ATD incurred by the different design options. This chapter