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Sample records for euro skin bank

  1. The safety of donor skin preserved with glycerol - Evaluating the Euro Skin Bank preservation procedures of human donor skin against the prEN 12442 standard

    NARCIS (Netherlands)

    Geertsma RE; Wassenaar C; LGM

    2000-01-01

    The procedures for preservation of human donor skin with glycerol, as applied by the Euro Skin Bank (ESB), were evaluated against the prEN 12442 standard: animal tissues and their derivatives used in the manufacture of medical devices. The focus chosen for this review is on risks related to the

  2. Bank-Lending Standards, Loan Growth and the Business Cycle in the Euro Area

    OpenAIRE

    Kaufmann, Sylvia; Scharler, Johann

    2013-01-01

    We study the relationship between bank lending standards, loan growth and the business cycle in the euro area and the US within a vector error correciton model using Bayesian estimation methods. To deal with the short data series available for the euro area, we exploit information from the estimated US system to improve the estimation of the euro area system. We find that tighter bank lending standards are associated with lower loan growth as well as lower output growth in both areas. Differe...

  3. Euro

    OpenAIRE

    2011-01-01

    La crise de la finance mondiale a révélé au grand jour les imperfections de l’UEM, ou plutôt l’état d’inachèvement à la fois du processus d’intégration monétaire et économique européen. La prise de conscience du faible degré de convergence des économies au sein de la zone euro le souligne également. Pourtant, dix ans après sa création, le bilan de la monnaie unique est largement positif, malgré un certain nombre « d’idées fausses » que BARTHOLON et al., en européens convaincus, se plaisent à ...

  4. Shareholding relationships in the Euro Area banking market: A network perspective

    Science.gov (United States)

    Pecora, Nicolò; Spelta, Alessandro

    2015-09-01

    In this paper we analyze the topological properties of the network of the Euro Area banking market network, with the primary aim of assessing the importance of a bank in the financial system with respect to ownership and control of other credit institutions. The network displays power law distributions in both binary and weighted degree metrics indicating a robust yet fragile structure and a direct link between an increase of control diversification and a rise in the market power. Therefore while in good time the network is seemingly robust, in bad times many banks can simultaneously go into distress. This behavior paves the way for Central bank's actions. In particular we investigate whether the Single Supervisory Mechanism introduced by the European Central Banks and based on banks' total asset is a good proxy to quantify their systemic importance. Results indicate that not all the financial institutions with high valued total assets are systemically important but only few of them. Moreover the network structure reveals that control is highly concentrated, with few important shareholders approximately controlling a separate subset of banks.

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

    Directory of Open Access Journals (Sweden)

    Theodoropoulos Theodore E.

    2004-01-01

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

  6. Il cambio dollaro/euro, il prezzo del petrolio e la Banca Centrale Europea (Dollar/Euro Exchange Rate, Oil Price and the European Central Bank

    Directory of Open Access Journals (Sweden)

    Stefano Sylos Labini

    2012-04-01

    Full Text Available In this paper an analysis on dollar/euro exchange rate, oil price and European Central Bank monetary policy is worked out. Firstly, data on the main variables related with the exchange rate and an equation to explain the variation of the exchange rate in the period March 1998-September 2000 are presented; secondly, the consequences of oil price growth and eurodevaluation on the US and European economies are taken into account; lastly, different policy strategies to stop eurodevaluation are discussed. The European Central Bank strategy, that consists of small increases of the interest rate, is not reaching any result. An alternative strategy is based on innovative public demand, that should be financed by European bonds using "central bank excess funds" as security. Public demand of infrastructures and new technologies should aim at reducing oil dependence and would stimulate growth and sustainable development in Europe, with positive effects on the exchange rate.       JEL Codes: E58, F31Keywords: Devaluation, Exchange Rates, Monetary

  7. Deceased donor skin allograft banking: Response and utilization

    Directory of Open Access Journals (Sweden)

    Gore Madhuri

    2010-10-01

    Full Text Available Background: In the absence of xenograft and biosynthetic skin substitutes, deceased donor skin allografts is a feasible option for saving life of patient with extensive burn injury in our country. Aims: The first deceased donor skin allograft bank in India became functional at Lokmanya Tilak Municipal (LTM medical college and hospital on 24 th April 2000. The response of Indian society to this new concept of skin donation after death and the pattern of utilization of banked allografts from 2000 to 2010 has been presented in this study. Settings and Design: This allograft skin bank was established by the department of surgery. The departments of surgery and microbiology share the responsibility of smooth functioning of the bank. Materials and Methods: The response in terms of number of donations and the profile of donors was analyzed from records. Pattern and outcome of allograft utilization was studied from specially designed forms. Results: During these ten years, 262 deceased donor skin allograft donations were received. The response showed significant improvement after counselling was extended to the community. Majority of the donors were above 70 years of age and procurement was done at home for most. Skin allografts from 249 donors were used for 165 patients in ten years. The outcome was encouraging with seven deaths in 151 recipients with burn injuries. Conclusions: Our experience shows that the Indian society is ready to accept the concept of skin donation after death. Use of skin allografts is life saving for large burns. We need to prepare guidelines for the establishment of more skin banks in the country.

  8. Evaluation of skin procurement and storage techniques for Tissue Banking

    OpenAIRE

    Calvo-Castro, Laura A.; Guerrero-Barrantes, Maritza; Ulloa-Fernández, Andrea; Portuguez-Barboza, Rafael; Centeno-Cerdas, Carolina; Rojas Chaves, Miguel

    2015-01-01

    Here we report how we reproduced and analyzed the most common international techniques for managing skin for Tissue Banking. Skin ablation, processing, disinfection and storage were performed using an animal model (domestic pig, Sus scrofa domesticus). Two different disinfection methods were compared (antibiotics and chemical disinfection with chlorine) by evaluating the microbiology profile of the tissue. Also, two different storage and preservation treatments were compared: glycerol immersi...

  9. Real-Time Effects of Central Bank Interventions in the Euro Market

    DEFF Research Database (Denmark)

    Fatum, Rasmus; Pedersen, Jesper

    This paper investigates the real-time effects of foreign exchange intervention using official intraday intervention data provided by the Danish central bank. Denmark is currently pursuing an active intervention policy under the provisions of the Exchange Rate Mechanism (ERM II) and intervenes...

  10. Experience with banked skin in the Prague Burn Center.

    Science.gov (United States)

    Broz, L; Vogtová, D; Königová, R

    1999-01-01

    Despite progress in materials science, the use of human allografts and xenografts of pig origin is in the Prague Burn Center among the preferred means of temporary burn wound cover since 1973. True closure is achieved only with living autografts or isografts (identical twins). The method for preparing fresh porcine grafts was introduced in Prague 25 years ago: dermoepidermal sheets are retrieved in strips, are treated with a lavage of chemotherapeutics and antibiotics, are spread onto sterile wet gauze and stored in Pétri dishes at 4 degrees centigrade in a refrigerator. Cellular viability is maintained for 10-14 days when transferred to patients. The Prague Skin Bank commenced its activity in 1986. The Protocol for the cryopreservation of skin was established: the pretreated skin is kept in aluminium vessels in containers with vapours of liquid nitrogen. Cryoprotective Medium is used with 15% glycerol. The skin viability has been verified by investigation of glucose metabolism. The production of fresh and long-term stored viable skin grafts has been increasing continuously and at present, the production represents 2 million square centimeters per year. About 15% of the harvest is distributed to other surgical and trauma departments. Any burn wound dressing may fail due to a failure to use them properly-lack of attention to the details in burn wound care can lead to disappointment.

  11. [Skin and tissue bank: Operational model for the recovery and preservation of tissues and skin allografts].

    Science.gov (United States)

    Martínez-Flores, Francisco; Sandoval-Zamora, Hugo; Machuca-Rodriguez, Catalina; Barrera-López, Araceli; García-Cavazos, Ricardo; Madinaveitia-Villanueva, Juan Antonio

    2016-01-01

    Tissue storage is a medical process that is in the regulation and homogenisation phase in the scientific world. The international standards require the need to ensure safety and efficacy of human allografts such as skin and other tissues. The activities of skin and tissues banks currently involve their recovery, processing, storage and distribution, which are positively correlated with technological and scientific advances present in current biomedical sciences. A description is presented of the operational model of Skin and Tissue Bank at INR as successful case for procurement, recovery and preservation of skin and tissues for therapeutic uses, with high safety and biological quality. The essential and standard guidelines are presented as keystones for a tissue recovery program based on scientific evidence, and within an ethical and legal framework, as well as to propose a model for complete overview of the donation of tissues and organ programs in Mexico. Finally, it concludes with essential proposals for improving the efficacy of transplantation of organs and tissue programs. Copyright © 2015 Academia Mexicana de Cirugía A.C. Published by Masson Doyma México S.A. All rights reserved.

  12. THE EURO AT CERN

    CERN Multimedia

    Your UBS branch at CERN

    2001-01-01

    As part of the changeover to the euro, the UBS is pleased to announce the following information: From 28 December 2001, the cash dispensing machines will no longer issue French francs (FRF). At the beginning of January, all machines in the network will be modified to issue 50-euro notes. The wall machines in Buildings 500 and 504 will also issue 100-euro notes. Until 28 February 2002, it will be possible to sell notes in IN currencies (currencies of member countries of the economic and monetary union) in exchange for CHF over bank counters. In Switzerland, IN currencies are not directly convertible into euros. The conversion of cash from an IN currency to cash in euros is equivalent to a purchase and sale operation via Swiss francs. The UBS does not purchase or sell coins in euros (including IN currencies). Until 28 February 2002, it will be possible at all branches to deposit old coinage in IN currencies in Unicef 'Change for Good' envelopes. Until the second half of 2002, euro-denominated accounts will be a...

  13. Awareness and attitude of doctors and nurses at a teaching hospital to skin donation and banking.

    Science.gov (United States)

    Michael, A I; Ademola, S A; Olawoye, O A; Iyun, A O; Oluwatosin, O M

    2014-12-01

    This study sought to determine the awareness and attitude of doctors and nurses in a teaching hospital to skin donation and banking, and to identify needs for personnel educational programmes. A cross sectional survey on doctors and nurses was carried out using a 44-item questionnaire that included a Likert scale on attitudes. Predictors of favourable attitudes were determined. Eighty (49.7%) doctors and 81 (50.3%) nurses participated in the study. Many participants, 126 (78.3%), knew that skin could be donated, but only 96 (59.6%) participants were aware of skin banking. The main source of information was during professional training (17.4%). Only 41 (25.5%) participants were willing to donate skin after death. Body disfigurement was the major reason (20.5%) against skin donation. Participants who were doctors, were aware of skin banking, and who were previous blood donors had higher attitudes scores (pbanking were predictors of favourable attitudes to skin donation and banking. Knowledge transfer during health professional training on the usefulness of banked skin in patients with major burns may lead to improved attitude of health professionals and acceptance of this modality of burn management. Copyright © 2014 Elsevier Ltd and ISBI. All rights reserved.

  14. The mediterranean solar plan, the symbol of a Euro-Mediterranean partnership? the european investment bank at the service of a policy for renewable energy;Le plan solaire mediterraneen: un symbole du partenariat euro-mediterraneen? la banque europeenne d'investissements au service d'une politique renouvelee de l'energie

    Energy Technology Data Exchange (ETDEWEB)

    Fontaine-Vive, Ph. de [Banque Europeenne d' investissement (BEI) (Luxembourg)

    2009-11-15

    The European Investment Bank (EIB) was created in 1958 following the adoption of the Rome Treaty, this bank has lent support to economic growth and solidarity inside and outside the European Union. The energy sector is exemplary of the bank's ability to adapt and of its concern for a certain idea of Europe. This priority is examined from three complementary angles: the EIB and renewable energy; the EIB and the partnership for energy with our Mediterranean neighbors; and the EIB and the Mediterranean Solar Plan. It is recalled that in 2008, the EIB invested more than 10*10{sup 9} euros in the energy sector including 2.2*10{sup 9} euros for renewable energies

  15. Assessment of cryopreserved donor skin viability: the experience of the regional tissue bank of Siena.

    Science.gov (United States)

    Pianigiani, E; Tognetti, L; Ierardi, F; Mariotti, G; Rubegni, P; Cevenini, G; Perotti, R; Fimiani, M

    2016-06-01

    Skin allografts from cadaver donors are an important resource for treating extensive burns, slow-healing wounds and chronic ulcers. A high level of cell viability of cryopreserved allografts is often required, especially in burn surgery, in Italy. Thus, we aimed to determine which conditions enable procurement of highly viable skin in our Regional Skin Bank of Siena. For this purpose, we assessed cell viability of cryopreserved skin allografts procured between 2011 and 2013 from 127 consecutive skin donors, before and after freezing (at day 15, 180, and 365). For each skin donor, we collected data concerning clinical history (age, sex, smoking, phototype, dyslipidemia, diabetes, cause of death), donation process (multi-tissue or multi-organ) and timing of skin procurement (assessment of intervals such as death-harvesting, harvesting-banking, death-banking). All these variables were analysed in the whole case study (127 donors) and in different groups (e.g. multi-organ donors, non refrigerated multi-tissue donors, refrigerated multi-tissue donors) for correlations with cell viability. Our results indicated that cryopreserved skin allografts with higher cell viability were obtained from female, non smoker, heartbeating donors died of cerebral haemorrhage, and were harvested within 2 h of aortic clamping and banked within 12 h of harvesting (13-14 h from clamping). Age, cause of death and dyslipidaemia or diabetes did not appear to influence cell viability. To maintain acceptable cell viability, our skin bank needs to reduce the time interval between harvesting and banking, especially for refrigerated donors.

  16. Euro crisis

    Directory of Open Access Journals (Sweden)

    Prokopijević Miroslav

    2010-01-01

    Full Text Available It is argued the current eurozone crisis is neither new nor surprising. Fiscal discipline in the eurozone was weak from its creation in 1999, but ongoing economic prosperity limited the damage. Economic recession deepened the impact of crisis on public finance and pushed some eurozone countries to the edge of bankruptcy. Options available now are costly and painful: foreign bailouts, cuts to expenditures, higher revenues and some combination of the three. They may be conducted both inside and outside the eurozone. If eurozone problems are not solved, financial markets may turn down the euro as a currency, possibly marking the beginning of Euro-disintegration.

  17. Delayed grafting for banked skin graft in lymph node flap transfer.

    Science.gov (United States)

    Ciudad, Pedro; Date, Shivprasad; Orfaniotis, Georgios; Dower, Rory; Nicoli, Fabio; Maruccia, Michele; Lin, Shu-Ping; Chuang, Chu-Yi; Chuang, Tsan-Yu; Wang, Gou-Jen; Chen, Hung-Chi

    2017-02-01

    Over the last decade, lymph node flap (LNF) transfer has turned out to be an effective method in the management of lymphoedema of extremities. Most of the time, the pockets created for LNF cannot be closed primarily and need to be resurfaced with split thickness skin grafts. Partial graft loss was frequently noted in these cases. The need to prevent graft loss on these iatrogenic wounds made us explore the possibility of attempting delayed skin grafting. We have herein reported our experience with delayed grafting with autologous banked split skin grafts in cases of LNF transfer for lymphoedema of the extremities. Ten patients with International Society of Lymphology stage II-III lymphoedema of upper or lower extremity were included in this study over an 8-month period. All patients were thoroughly evaluated and subjected to lymph node flap transfer. The split skin graft was harvested and banked at the donor site, avoiding immediate resurfacing over the flap. The same was carried out in an aseptic manner as a bedside procedure after confirming flap viability and allowing flap swelling to subside. Patients were followed up to evaluate long-term outcomes. Flap survival was 100%. Successful delayed skin grafting was done between the 4th and 6th post-operative day as a bedside procedure under local anaesthesia. The split thickness skin grafts (STSG) takes more than 97%. One patient needed additional medications during the bedside procedure. All patients had minimal post-operative pain and skin graft requirement. The patients were also reported to be satisfied with the final aesthetic results. There were no complications related to either the skin grafts or donor sites during the entire period of follow-up. Delayed split skin grafting is a reliable method of resurfacing lymph node flaps and has been shown to reduce the possibility of flap complications as well as the operative time and costs. © 2016 Medicalhelplines.com Inc and John Wiley & Sons Ltd.

  18. The Euro crisis. Causes and Symptoms

    Directory of Open Access Journals (Sweden)

    Christoph S. Weber

    2015-06-01

    Full Text Available The Euro crisis is mainly a consequence of the international financial crisis of 2008. Thereby, the term Euro crisis is misleading as there is no currency crisis. First, the article shows some of the birth defects of the Euro. Second, it shows that the increase in public debt was caused by rescue measures for banks and anti-cyclical fiscal policy. Third, we argue that the Euro crisis is not just one crisis (a sovereign debt crisis but it is a combination of several macroeconomic crises including a growth crisis, a labour market crisis, a public debt crisis, and a current account crisis.

  19. banks

    Directory of Open Access Journals (Sweden)

    Elena Grigoryeva

    2017-01-01

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

  20. Euro on ohus ja euro ei ole ohus / Kaivo Kopli

    Index Scriptorium Estoniae

    Kopli, Kaivo

    2010-01-01

    Saksamaa kantsler Angela Merkel teatas, et euro on ohus. Prantsuse majandusminister Christine Lagarde avaldas arvamust, et euro pole ohus, et euro on kindel ja usaldusväärne valuuta. Kreekas toimunud üldstreik halvas majanduse

  1. ROMANIA: THE WAY TO EURO

    Directory of Open Access Journals (Sweden)

    Raluca Gabriela DULGHERIU

    2014-06-01

    Full Text Available This article provides an overview of the Romanian process to join the euro, under the terms of the current economic-financial crisis. The purpose of this study is to analyze the degree of achieving real and nominal convergence criteria, along with offering perspectives regarding European monetary integration. The adoption of the unique currency represents an important challenge and opportunity for Romania during the post-adherence period, which forces the political and administrative environment to conceive and implement coherent and responsible politics meant to ensure a simultaneous fulfillment of nominal and real convergence criteria of the Romanian economy. The results of this analysis illustrate that, despite the fact that the Romanian economy recorded significant progresses on the fulfillment of the Maastricht criteria, the current economic context has introduced an additional uncertainty factor and significantly made the adoption of a single currency harder, and the enforcement of real convergence criteria has become much more difficult. Under these circumstances, the National Bank of Romania gave up the target that 2015 represented, and also the one of establishing a new target-date to enter the eurozone, the perspective of joining a single currency exceeding the horizon of this decade. In order to achieve a real, profound and sustainable reorganization of the Romanian economy and to successfully recover the discrepancies between Romania and the EU standards, the road to the euro must be paved with much caution and wisdom.

  2. 160 Adopting the Euro: A Long Path towards National Consensus within the Euro Area Candidate Countries

    Directory of Open Access Journals (Sweden)

    Adina Criste

    2015-06-01

    Full Text Available The global financial crisis outbreak after 2007 has profoundly changed the course of the history of relations in the world economy, creating a complicated framework of political relations between countries and economic regions. In this context, it is important to depict the economic convergence stage of Euro Area candidate countries and to what extent this crisis has or has not changed the euro adoption objective for these countries. The present paper aimed to shed a light on this issue by analyzing both the state of the convergence process and the public attitude regarding euro adoption in four Euro Area candidate countries which have the same monetary policy strategy (inflation targeting. The research results show the way in which the global financial crisis “deviates” the convergence trajectory of the nominal indicators, but also the political and public sentiment against the euro adoption in the selected countries. The results represent a valuable groundwork for analyzing the way in which National Central Banks candidate to the Eurosystem are implied into the processing for euro adoption during turbulence times

  3. The Banking Union: An Overview and Open Issues

    NARCIS (Netherlands)

    D. Schoenmaker (Dirk)

    2016-01-01

    markdownabstractThe move to European Banking Union involving the supervision and resolution of banks at euro-area level was stimulated by the sovereign debt crisis in the euro area in 2012. However, the long-term objective of Banking Union is dealing with intensified cross-border banking. The

  4. European Banking Union

    OpenAIRE

    Breuss, Fritz

    2013-01-01

    The ongoing Euro crisis and the worse economic development in Europe than in the USA are grounded, not the least in the delayed implementation of reforms of the banking sector. Whereas the leaks in economic governance of EMU have been fixed the banking sector is still not stabilised, even five years after Lehman Brothers. From the grand solution of a "European Banking Union" (EBU) only the first pillar, the European Bank Supervision with the single supervisory mechanism (SSM) will come into e...

  5. Screening for skin cancer in bank and insurance employees: risk profile and correlation of self and physician's assessment.

    Science.gov (United States)

    Winkler, Angelika; Plugfelder, Annette; Weide, Benjamin; Leiter, Ulrike; Held, Laura; Garbe, Claus; Eigentler, Thomas

    2015-04-01

    Self-assessment and knowledge of individual risk factors can be a reasonable strategy to detect cutaneous malignancies in an early curable stage. Bank and insurance employees were voluntarily screened for skin cancer. They had to fill in a questionnaire asking for their skin and hair color, ultraviolet exposure and tanning ability, number and size of typical and atypical nevi, immunosuppression or chemotherapy, and history of skin cancer. Afterwards dermatologists performed a whole body evaluation, including a total body nevi count, and calculated an individualized risk profile. A total of 1658 employees were evaluated. Most employees underestimated their total number of nevi. There was poor agreement between employees and dermatologists (weighted κ-value = 0.03); 45.5% of the employees were judged to be at low risk, 27.3% as intermediate risk, and 27.2% as high risk. Twenty-seven employees (3.7%) with suspicious lesions were transferred to the clinics for further evaluation. Screening for skin cancer in a working population reveals low numbers of suspicious lesions. The focus of mass screenings should be on education and teaching of self-examinations. © 2014 The International Society of Dermatology.

  6. Credit cycle coherence in the eurozone : Was there a euro effect?

    NARCIS (Netherlands)

    Samarina, Anna; Zhang, Lu; Bezemer, Dirk

    2017-01-01

    This paper examines effects of the euro introduction on credit cycle coherence in the euro-zone through six channels. We construct and describe credit cycles for total bank credit, household mortgages and non-financial business loans for 16 EMU economies over 1990-2015. Credit cycle coherence is

  7. Scheduling EURO-k Conferences

    DEFF Research Database (Denmark)

    Stidsen, Thomas Jacob Riis; Pisinger, David; Vigo, Daniele

    2017-01-01

    EURO-k conferences are among the largest Operations Research conferences in the world, typically including more than 2000 presentations. As opposed to many other conferences, EURO-k conferences are hierarchically organized, and the conference schedule should reflect this structure to make...

  8. Euro-Mediterranean Partnership

    DEFF Research Database (Denmark)

    Brach, Juliane

    2007-01-01

    The EU and 12 countries of the Middle East and North Africa (MENA) engaged in 1995 in the Euro-Mediterranean Partnership (EMP) in political, economic and cultural matters with the aim to foster cooperation, stability and prosperity around the Mediterranean Basin. The Economic and Financial...... Partnership (EFP) plays a central role in the EMP design and implementation, which is centered on economic and trade integration as a starting point for and an anchor of socio-economic development in the MENA region. Against this background, this paper reviews the situation in the MENA partner countries...... and the past performance of the EFP. It analyses the association agreements, economic cooperation and financial assistance, discusses the major obstacles, and outlines the potential of the EFP to shape the European Neighborhood Policy....

  9. Wind power for 33 Euro; Windkraft fuer 33 Euro

    Energy Technology Data Exchange (ETDEWEB)

    Gille, Denny

    2013-03-15

    Auctions based on the model of Brazil are ideal for the expansion of wind energy at favourable prices. But the first impression is deceptive. 33 Euro are the measure for the price decline. This is the newest floor price for 1 MWh wind power in Brazil. Brazil has awarded projects in a magnitude of 280 megawatts to project developers under consideration of an average price of 33 Euro / MWh.

  10. The EuroMyositis registry

    DEFF Research Database (Denmark)

    Lilleker, James B; Vencovsky, Jiri; Wang, Guochun

    2018-01-01

    AIMS: The EuroMyositis Registry facilitates collaboration across the idiopathic inflammatory myopathy (IIM) research community. This inaugural report examines pooled Registry data. METHODS: Cross-sectional analysis of IIM cases from 11 countries was performed. Associations between clinical subtyp...

  11. Adopting the EURO in Romania

    Directory of Open Access Journals (Sweden)

    Ilie ŞIMON

    2011-03-01

    Full Text Available This paper addresses the adoption of the Euro currency in 2014, as estimated in the National Programme. Based on the convergence criteria analysis on the current national background, we can foresee an earlier monetary integration.

  12. AREVA net income: 649 million euros

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-03-15

    This document presents the financial statements for 2006 of Areva group: net income: 649 million euros; backlog up by 24.6% to 25.6 billion euros; steady growth of sales revenue: + 7.3%1 to 10.863 billion euros; operating income of 407 million euros: excellent divisional performance and constitution of a significant provision for the OL3 project in Finland; dividend proposed to Annual General Meeting of Shareholders: 8.46 euros per share.

  13. EuroGeoSurveys

    Science.gov (United States)

    Demicheli, L.; Ludden, J. N.; Robida, F.

    2012-04-01

    In order to create safe, healthy and wealthy places to live in, it is vital that we understand our planet. At national level the collection of information on the state of the solid Earth and its processes is normally mandated to Geological Surveys. In fact, a Geological Survey is the national institution responsible for the geological inventory, monitoring, knowledge and research for the security, health and prosperity of the society. And EuroGeoSurveys (EGS) is the organisation representing the Geological Surveys from 33 countries around Europe. With one member for each country of the European Union and beyond, including the Russian Federation and Ukraine, the EGS network covers the whole continent. EGS'principal purpose is to provide geoscientific knowledge that underpins European policies and regulations for the benefit of society. Naturally, in our day-to-day activities, we contribute to the merging of economic, environmental and social agendas. Engaging a joint workforce of several thousands of geoscientists, also involving regional geological surveys in Germany, Italy and Spain, we strive to be the first body to be contacted when there is an international need for European geodata, or'geo-help'. For this reason we work on a daily basis with the EU institutions, and are considered the natural source of information on Earth science issues and relevant downstream applications in Europe. Our General Secretariat is based in the European Quarter of Brussels close to the European Commission, the EU Council, the European Parliament, and the political seat of NATO. Our operational strategy is based on the cooperation between national institutions, which enables to synergistically integrate both information and activities of our member organisations. This has allowed us to make significant progress over the years, permitting geology to become a topic deserving great attention on the European agenda. In order to enable a quick but high quality response to requests for

  14. Euro-Multiculturalism and Toleration

    DEFF Research Database (Denmark)

    Lægaard, Sune

    2014-01-01

    commitments fundamentally different from liberalism. The paper considers two objections to the proposed understanding of Euro-multiculturalism, namely a) that it over-inclusive in the sense that it includes religion as a central category and thereby neglects important differences between religion and culture...

  15. Euro Heart Survey 2009 Snapshot

    DEFF Research Database (Denmark)

    Puymirat, Etienne; Battler, Alex; Birkhead, John

    2013-01-01

    Detailed data on patients admitted for acute myocardial infarction (AMI) on a European-wide basis are lacking. The Euro Heart Survey 2009 Snapshot was designed to assess characteristics, management, and hospital outcomes of AMI patients throughout European Society of Cardiology (ESC) member...

  16. Forgery Detection and Value Identification of Euro Banknotes

    Directory of Open Access Journals (Sweden)

    Sebastiano Battiato

    2013-02-01

    Full Text Available This paper describes both hardware and software components to detect counterfeits of Euro banknotes. The proposed system is also able to recognize the banknote values. Differently than other state-of-the-art methods, the proposed approach makes use of banknote images acquired with a near infrared camera to perform recognition and authentication. This allows one to build a system that can effectively deal with real forgeries, which are usually not detectable with visible light. The hardware does not use any mechanical parts, so the overall system is low-cost. The proposed solution is reliable for ambient light and banknote positioning. Users should simply lean the banknote to be analyzed on a flat glass, and the system detects forgery, as well as recognizes the banknote value. The effectiveness of the proposed solution has been properly tested on a dataset composed by genuine and fake Euro banknotes provided by Italy's central bank.

  17. Forgery detection and value identification of Euro banknotes.

    Science.gov (United States)

    Bruna, Arcangelo; Farinella, Giovanni Maria; Guarnera, Giuseppe Claudio; Battiato, Sebastiano

    2013-02-18

    This paper describes both hardware and software components to detect counterfeits of Euro banknotes. The proposed system is also able to recognize the banknote values. Differently than other state-of-the-art methods, the proposed approach makes use of banknote images acquired with a near infrared camera to perform recognition and authentication. This allows one to build a system that can effectively deal with real forgeries, which are usually not detectable with visible light. The hardware does not use any mechanical parts, so the overall system is low-cost. The proposed solution is reliable for ambient light and banknote positioning. Users should simply lean the banknote to be analyzed on a flat glass, and the system detects forgery, as well as recognizes the banknote value. The effectiveness of the proposed solution has been properly tested on a dataset composed by genuine and fake Euro banknotes provided by Italy's central bank

  18. Kas euro uppumissurm solgipanges? / Margo Kokerov

    Index Scriptorium Estoniae

    Kokerov, Margo, 1978-

    1999-01-01

    Euro kasutuselevõtmine Euroopa riikides. Euro ajalugu. Tabelid: töötuse määr ja sisemajanduse koguprodukti muutumine kvartaalselt USA-s, Jaapanis ja Euroopa Liidu 11 riigis; euro-dollari kurss jaanuar-juuni 1999

  19. Euro adoption in Romania: Facts and perceptions

    Directory of Open Access Journals (Sweden)

    I.-C. Enache

    2013-06-01

    Full Text Available The aim of this paper is to link the nominal convergence criteria with Romanian citizens perceptions about euro adoption. Based on convergence reports and Euro-barometer data, the 2010 and 2012 years are analysed. It is shown that even if the nominal convergence achievements are improving, the perceptions regarding the euro adoption are deteriorating. A better communication strategy is advised.

  20. A Conference on Postcrisis Banking

    NARCIS (Netherlands)

    Beck, Thorsten; de Haan, Jakob; Deyoung, Robert

    This article provides an introduction to the special issue. We focus on four themes that are important for policymakers and researchers alike in view of the experiences of the global financial crisis of 2007-09 and the ensuing sovereign debt crisis in the euro area: the relevance of the banking

  1. Credit cycle coherence in the eurozone: Was there a euro effect?

    NARCIS (Netherlands)

    Samarina, Anna; Zhang, L.; Bezemer, Dirk

    2017-01-01

    This paper examines effects of the euro introduction on credit cycle coherence in the eurozone through six channels. We construct and describe credit cycles for total bank credit, household mortgages and non-financial business loans for 16 EMU economies over 1990–2015. Credit cycle coherence is

  2. CREDIT ACTIVITIES OF COOPERATIVE BANKS IN POLAND

    Directory of Open Access Journals (Sweden)

    Anna Bieniasz

    2017-03-01

    Full Text Available The aim of the study was to analyze the lending activities of cooperative banks in Poland in the years 2010– 2014, in a size of banks. Elaboration is a review, based on the data of the Polish Financial Supervision Authority. Research indicates that the value of own funds of the cooperative banks was reflected in both the volume of lending, and in the structure of loans. Banks with capital of 5 million euro loans for primarily farmers, individuals, and individual entrepreneurs. In turn, the banks with capital of more than 5 million euro were most involved in the financing of small and medium enterprises and individual farmers. Regardless of the size of banks, the most important in lending loans were investment and operating

  3. Estonian central bank sees euro as stabilizing force

    Index Scriptorium Estoniae

    2006-01-01

    Riigikogu rahanduskomisjoni esindajad teatasid, et Eesti Pank on valmistanud ette lisameetmeid tugevdamaks Eesti rahandussektorit ning näeb eurotsooniga liitumises võtit Eesti majanduse stabiilsusele

  4. Kas Eesti saab 2007. a. euro?

    Index Scriptorium Estoniae

    2005-01-01

    Sisaldab artikleid: Maris Lauri. Inflatsioonikriteeriumi täitmine pea võimatu; Joaquin Almunia. Eesti vastuvõtmiseks EL oma eeskirju ei muuda; Euro kasutuselevõtu mõjud Eestile; Ruta Eier. Kokkuvõttes on tegemist ikkagi poliitilise otsusega; Euro kasutuselevõtuga kaasnevad muutused; Reitinguagentuur eeldab liitumist 2007. aastal

  5. "EuroPrix 99" / Raivo Kelomees

    Index Scriptorium Estoniae

    Kelomees, Raivo, 1960-

    1999-01-01

    1998. a. algatasid Austria Majandusministeerium ja Euroopa Nõukogu võistluse "EuroPrix MultiMediaArt" väljapaistvate multimeediatoodete esiletõstmiseks. "EuroPrix 99" tutvustus. Tööde saatmise tähtaeg 30. juuni 1999. Multimeediaturust Eestis. Salzburgis korraldatud workshop multimeediaturu stimuleerimise strateegiatest. Ilmunud ka kogumikus "Ekraan kui membraan". Tartu, 2007, lk. 193-194

  6. Euro Area Scenarios and their Economic Consequences for Slovenia and Serbia

    Directory of Open Access Journals (Sweden)

    Klaus Weyerstrass

    2013-11-01

    Full Text Available Since 1999, divergences in international competitiveness led to an accumulation of current account deficits in the south and surpluses in the north of the euro area. With the aid of macroeconometric models, this paper estimates the effects of an exit of Greece or of all GIIPS countries (Greece, Italy, Ireland, Portugal, Spain on the economies of Slovenia and Serbia. An exit of one or more countries would affect other economies via the trade channel and credit constraints. Euro area members would additionally suffer from an increase of public debt due to non-performing loans of the European Stability Mechanism and devaluations of public bonds purchased by the European Central Bank. An exit of Greece alone would only marginally affect the economies of Slovenia and Serbia. An exit of all GIIPS countries or a euro area breakup would have dramatic negative consequences for output, unemployment and public finances.

  7. Fiscal Policy Stance in the Euro Area

    Directory of Open Access Journals (Sweden)

    Marius-Corneliu Marinas

    2008-02-01

    Full Text Available The budgetary position in the euro area and the EU improved significantly in 2007 compared to the previous year. The headline deficit declined to 1.6 % of GDP in 2006 and 1.1 % of GDP in 2007, down from 2.5% of GDP in 2005. The structural budget deficit diminished from 2% of GDP in 2005 to 0.8% in 2007, reflecting a restrictive fiscal policy in euro area. The fiscal policy became pro-cyclically because the economy of euro area is characterized by a slightly negative output-gap (estimated at 0.2% of potential GDP in 2007.

  8. IS READY ROMANIA FOR EURO ADOPTION? FROM STRUCTURAL CONVERGENCE TO BUSINESS CYCLE SYNCHRONIZATION

    Directory of Open Access Journals (Sweden)

    Marinas Marius - Corneliu

    2011-12-01

    Full Text Available The objective of this study is to identify gaps between economic and commercial structures between Romania and the euro area and to explain whether the results obtained justify recently decision to delay euro adoption beyond 2015. According to theory of optimum currency areas, the existence of similar economic structures, increasing trade integration and synchronization of business cycles with monetary union will provide greater symmetry of shocks between Romania and the euro area. If the shocks are more symmetrical, then common monetary policy of the European Central Bank will act as a tool to neutralize the shocks in the case of Romania, and the euro adoption would have fewer adverse effects. To meet the research objective, we have structured this paper into three parts. In the first part we referred to the importance of the proposed theme in the economic literature. In the second part, we used several statistical methods to identify how divergent is Romania relative to the euro area economies. The results obtained show increasing divergence between economic structures until 2009 year using the NACE 6 methodology. In fact, Romania has the most divergent structure in EU-27 countries, being characterized by lowest contribution of services to GDP. However, structural differences do not constitute an obstacle to euro adoption, as long as Romania becomes more commercially integrated with other European countries. Thus, Romania is the seventh economy in terms of trade with the EU-27 (73.3% of exports and 74.3% of imports, and the degree of convergence between the structure of exports and imports have increased significantly compared with 2000 year. In the third part, we estimated the degree of synchronization of business cycles between Romania and the euro area, based on Hodrick-Prescott filter. Results showed an increasing correlation of business cycles as a result of increasing industrial activity and export synchronization.

  9. Romanian Policy-Mix to Adopting Euro

    Directory of Open Access Journals (Sweden)

    Cristian Socol

    2007-09-01

    Full Text Available This paper evaluates the present estate of Euro implementation in Monetary and EconomicUnion (EMU and Romanian position in this context. The Romanian admittance in EU at January 2007increased the interest to study the transmission and coordination mechanisms, related to mix commonmonetary policy – different fiscal policy across the countries in the Euro area. Our study focuses on theconsequences of Romanian admittance in Euro Zone in 2014 and optimal policy-mix to good preparationto accomplish this target. The controversies between economists regarding the construction processof EMU remain large. What are the consequences of implementing the “tye-hands” strategy for Romanianfinancial authorities? Can Romania solve the potential conflict between real and nominal convergencerelating the European integration? What is the best strategy for Romania with the aim to obtain afaster real convergence with the European Union countries? Can Romania maximize the benefits toadopting Euro in 2014?

  10. Euro peal ja dollar all / Tõnis Arnover

    Index Scriptorium Estoniae

    Arnover, Tõnis, 1952-

    2007-01-01

    Viimastel päevadel on euro kurss USA dollari suhtes kerkinud oma olemasolu kaheksa aasta kõrgeimale tasemele. Diagramm. Vt. samas: USA mõju kahaneb; Nõrkuse põhjus intressipoliitikas; Dollari ohud seotud eelarve ja naftaga

  11. EuroPlus+ Reward / Alar Hammer

    Index Scriptorium Estoniae

    Hammer, Alar

    2000-01-01

    EuroPlus+ Reward on mitmes versioonis ilmunud inglise keele õppeprogramm, milles on ühendatud multimeedia võimalused ning distantsõpe ning mis loob täiesti uued võimalused keele omandamiseks arvuti abil

  12. Doomsday for the Euro Area: Causes, Variants and Consequences of Breakup

    Directory of Open Access Journals (Sweden)

    Ansgar Belke

    2012-07-01

    Full Text Available In this paper we describe the genesis of a doomsday scenario and discuss potential causes and motivations for a breakup of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the impact of the reintroduction of a national currency on domestic debt, the domestic banking sector, EU membership and the freedom of trade. We also briefly analyze the social and political costs of the accompanying social disorder.

  13. ASPECTS OF THE EURO AREA FINANCIAL SYSTEM FRAGMENTATION

    Directory of Open Access Journals (Sweden)

    Alina Georgeta ALINICA

    2014-03-01

    Full Text Available With the emergence of the global financial and economic crisis, a number of side effects have been felt both in the U.S. and especially within Europe, particularly in the euro area. Among those, it stands out the financial-banking market fragmentation issue, a phenomenon discussed and analysed by financial experts, analysts, researchers and political leaders. The term fragmentation can be seen in antithesis with the concept of integration, the presence of one not involving the entirely cancellation of the existence and the effects of the second. However, a reduction in the effects of fragmentation may contribute to the increase of the economic and monetary integration, which is the desired facet for a fully functional European Union (EU. Moreover, in order to create a viable Economic and Monetary Union (EMU, it is essential to reverse the phenomenon of fragmentation of financial markets and restore the path of European integration. Thus, this article proposes to follow the conduct of the phenomenon of fragmentation in the euro area in order to develop some measures which would allow the diminishing of its negative effects.

  14. Integration of Government Bond Market in the Euro Area and Monetary Policy

    Directory of Open Access Journals (Sweden)

    Lukić Velimir

    2016-01-01

    Full Text Available This paper combines analysis of evolution in euro area government bond market integration and interference of European Central Bank with functioning of respective market recently. Since the introduction of euro, government bond yields converged in the euro area, bonds of different countries have become close substitutes in the perception of investors, and overall integration of the market was rather high. At the end of 2008, dramatic shift occurred and ever since disintegrative forces were set in motion. The paper presents the following measures of integration of the government bond markets: yield spreads, dispersion in yield spreads and beta coefficient. All three measures suggest unprecedented market disintegration as of 2010. The paper highlighted relevance of sovereign bond market for the smooth functioning of the monetary policy transmission mechanism in a monetary union context. Three ECB’s programmes aimed at sovereign debt crisis resolution were analysed in details. They proved successful in lowering peripheral countries’ yields and spreads, and calming the markets. If one takes central bank function of the lender of last resort for banks, then these programmes may be viewed as the “buyer of last resort” device for government bonds. Although warranted by exceptional circumstances and need for swift response, a due caution should be paid to these programmes since they pose certain challenges for conduct of monetary policy and might even have unintended consequences.

  15. Innovative MAN Euro V engines without exhaust aftertreatment; Innovative MAN Euro V Motorisierung ohne Abgasnachbehandlung

    Energy Technology Data Exchange (ETDEWEB)

    Held, W.; Raab, G.; Schaller, K.V.; Gotre, W.; Lehmann, H.; Moeller, H.; Schroeppel, W. [MAN Nutzfahrzeuge AG, Muenchen (Germany); MAN Nutzfahrzeuge AG, Nuernberg (Germany); MAN Nutzfahrzeuge AG, Steyr (Austria)

    2009-07-01

    MAN Nutzfahrzeuge AG (Munich, Federal Republic of Germany) always is eager to offer products for the respective markets whereby the products are interesting for the customer under economic criteria. Additionally, the products shall not lack in the travelling comfort under consideration of the legal emission borders. Thus, a AdBlue {sup registered} free technology for all MAN series was already offered before the legal introduction of EURO IV. This technology is based on an internal-motor solution with external, cooled AGR and a PM-Cat {sup registered} -filter. This solution is esteemed highly by our customers because apart from the well-known advantages in relation to a SCR technology there were no losses with the operating cost. With EURO V which is inserted in some countries MAN Nutzfahrzeuge AG returns to a long-term experience with SCR technology. The motivation for the development of a AdBlue {sup registered} free solution was the positive feedback of our customers on the basis of MAN EURO IV AGR/PM Cat technology. With the developed EURO V AGR solution, other EURO IV solutions in line with market conditions for the 'Emerging markets' can be derived with which a technology without exhaust post-treatment can be offered worldwide for our customers. This technology presents the basis for a platform concept EURO IV/V and EURO VI. In this concept, EURO IV can be presented without subsequent treatment of exhaust gases, EURO V in connection with an Oxicat and EURO VI with a SCRT system. Here, the vehicle/engine concept presents the most important components for the individual series in particular. By means of these components, the goal EURO V was achieved internal-motor without losses of operating cost and life span in relation to SCR technologies.

  16. Shock monetari e reali, ciclo economico e valore dell’euro (Monetary and Real Shocks, the Business Cycle and the Value of the Euro

    Directory of Open Access Journals (Sweden)

    Renato Filosa

    2003-09-01

    Full Text Available The appreciation of the dollar in the aftermath of the euro launch came as a surprise to most observers; furthermore, the traditional models fail to capture its dynamics. Is this a confirmation of Mussa's, Meese's and Rogoff's results, according to which no structural model can perform better than a random walk? More optimistically, this study shows that a structural VAR model of the Mundell-Fleming type satisfactorily explains the behaviour of the euro and its relationships with the fundamentals. My estimates indicate that dollar appreciation is primarily due to the cyclical strength of US demand. By contrast, they do not support the often-voiced theory that dollar appreciation is to be accounted for with the "new economy." Finally, the model shows that monetary shocks have limited effects on the exchange rate and very strong effects on inflation. This justifies the emphasis placed by central banks on the pursuit of internal objectives rather than exchange rate stability.

  17. EURO AREA FISCAL STRUCTURES. A MULTIVARIATE ANALYSIS

    Directory of Open Access Journals (Sweden)

    HURDUZEU Gheorghe

    2014-07-01

    Full Text Available The European framework for fiscal policies is constructed mainly on the objective of monitoring budget balances and public debt, allowing national governments to decide on the specific fiscal policy that is more suitable to their internal context and public needs. However, for Euro Area member states this autonomy is restricted by the conditions imposed through the Stability and Growth Pact. As the recent macroeconomic dynamics underlined the necesity of improving the fiscal outcomes, the fiscal framework was updated and modified by the provisions of the new European economic governance meant to avoid unsound and unsustainable fiscal policies that could affect the stability of other Euro Area member states. The Six-Pack, the Fiscal Compact and the other conditions imposed by the reform of the fiscal governance framework are meant to ensure more discipline in drafting and executing national budgets. Even so, national authorities maintain their fiscal sovereignty and the decision regarding fiscal structures remains at their disposal, as long as the drafts are approved and the outcomes are maintained in the limits imposed through the supranational fiscal framework. Regardless of the numerous differences between member states, similar trends regarding tax mixes can be noticed in time. The objectives of this paper is to analyze fiscal structures of Euro Area member states and to determine, if any, groups with similar fiscal structures, their composition and the similarities that characterize Euro Area in this respect. In order to have a clear overview of fiscal structures within Euro Area, we analyzed data for 17 member states, for year 2012, taking into consideration total general government revenue, indirect taxation, direct taxation and social contributions. As one of the aims of this paper is to determine whether in Euro Area the main contributors are corporations or individuals, we also analyzed the structure of direct taxation, dividing it into

  18. The EuroGEOSS Advanced Operating Capacity

    Science.gov (United States)

    Nativi, S.; Vaccari, L.; Stock, K.; Diaz, L.; Santoro, M.

    2012-04-01

    The concept of multidisciplinary interoperability for managing societal issues is a major challenge presently faced by the Earth and Space Science Informatics community. With this in mind, EuroGEOSS project was launched on May 1st 2009 for a three year period aiming to demonstrate the added value to the scientific community and society of providing existing earth observing systems and applications in an interoperable manner and used within the GEOSS and INSPIRE frameworks. In the first period, the project built an Initial Operating Capability (IOC) in the three strategic areas of Drought, Forestry and Biodiversity; this was then enhanced into an Advanced Operating Capacity (AOC) for multidisciplinary interoperability. Finally, the project extended the infrastructure to other scientific domains (geology, hydrology, etc.). The EuroGEOSS multidisciplinary AOC is based on the Brokering Approach. This approach aims to achieve multidisciplinary interoperability by developing an extended SOA (Service Oriented Architecture) where a new type of "expert" components is introduced: the Broker. These implement all mediation and distribution functionalities needed to interconnect the distributed and heterogeneous resources characterizing a System of Systems (SoS) environment. The EuroGEOSS AOC is comprised of the following components: • EuroGEOSS Discovery Broker: providing harmonized discovery functionalities by mediating and distributing user queries against tens of heterogeneous services; • EuroGEOSS Access Broker: enabling users to seamlessly access and use heterogeneous remote resources via a unique and standard service; • EuroGEOSS Web 2.0 Broker: enhancing the capabilities of the Discovery Broker with queries towards the new Web 2.0 services; • EuroGEOSS Semantic Discovery Broker: enhancing the capabilities of the Discovery Broker with semantic query-expansion; • EuroGEOSS Natural Language Search Component: providing users with the possibilities to search for

  19. Islamic banking

    OpenAIRE

    Němec, Jan

    2010-01-01

    The thesis is focused on introduction of Islamic banking system. Morover part of the work is devoted to a detailed description of the history of Islamic banking, on explanation of the principles on which the banking system is based. Also are analyzed in detail the basic Islamic banking products. And at the end are presented the advantages and disadvantages of the Islamic banking system.

  20. Retail Banking

    Directory of Open Access Journals (Sweden)

    Adam Szafarczyk

    2008-07-01

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

  1. Adopting the Euro: Costs or Benefits?

    Directory of Open Access Journals (Sweden)

    Cristian Socol

    2007-01-01

    Full Text Available This paper evaluates the present estate of euro implementation in Monetary and Economic Union (EMU. The Romanian admittance in EU at January 2007 increases interest to study the transmission and coordination mechanisms, related to mix common monetary policy - different fiscal policy across the countries in the euro area. Our study focuses on Euro Zone using the Optimum Currency Area Theory and empirical evidences. The controversies beetwen economists regarding the construction process of EMU remain large. The paper evaluates the costs and benefits of adopting the euro and the main effects of Romanian integration in European Monetary Union. What are the consequences of implementing the "tye hands" strategy for Romanian financial authorities? Can Romania solve the potential conflict between real and nominal convergence relating the European integration? What is the best strategy for Romania with the aim to obtain a faster real convergence with the European Union countries? Can Romania maximize the benefits to adopting euro in 2014? Is the European Union a Optimum Currency Area?

  2. HOW FAR FROM THE EURO AREA?

    Directory of Open Access Journals (Sweden)

    Ion IGNAT

    2016-05-01

    Full Text Available The article performs a comparative analysis between the European Union member states from Central and Eastern Europe (Bulgaria, Croatia, Czech Republic, Hungary, Poland and Romania in terms of real economic convergence with the Euro area. Specifically, the paper emphasizes the assessment of the time required to catch up with the average level of GDP per capita in the euro area. To determine these developments, we use a system of chain indices, calculated based on the growth rate of the GDP per capita. Assuming that the average growth specific to the period 1999-2014 will continue in the future, the results illustrate that the shortest period of catching up belongs to Poland, while Croatia remains by far the most distant country from the euro area.

  3. euro a ser una moneda internacional

    Directory of Open Access Journals (Sweden)

    María Hortensia Lacayo Ojeda

    2001-01-01

    Full Text Available En este trabajo se estudia cuáles son los principales factores económicos y financieros que llevan al euro, la nueva moneda común europea, a ser una moneda internacional junto al dólar y al yen. Entre dichos factores se encuentran, en primer lugar, el respaldo económico de los doce países de la Unión Económica y Monetaria medido a través de su importancia demográfica, su producto interno bruto (PIB y su grado de apertura comercial; en segundo lugar, la dimensión financiera de la zona euro en lo referente a las inversiones realizadas en la moneda europea, su utilización como moneda de reserva y como moneda de intercambio; en tercer término, la confianza que inspire el euro a los actores económicos

  4. Internet Banking

    Directory of Open Access Journals (Sweden)

    Felician ALECU

    2006-01-01

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

  5. CHANGES IN GHG EMISSIONS AND EURO STANDARDS

    Directory of Open Access Journals (Sweden)

    Miljko Kokić

    2007-06-01

    Full Text Available An enormous price increase of crude oil, limited fossil resources and the impact of greenhouse gas (GHG emissions on global warming have strengthened the efforts to develop alternatives- renewable to the classical-oil fuel. The world leading manufacturers of the motor vehicles have relatively easily satisfied increasingly more stringent EURO standards, ECE Regulations or EEC Directives. The vehicle manufacturers of Serbia may satisfy EURO standards primarily by purchasing the appropriate foreign made engines. Based on the analysis presented in this paper, it is concluded that Florida model with diesel engine, is very environmentally friendly vehicle for our conditions.

  6. After the Fall: Euro Area Adjustment

    NARCIS (Netherlands)

    Holinski, N.; Kool, C.J.M.; Piplack, J.

    2014-01-01

    Macroeconomic adjustment in the Southern countries of the euro area after the financial crisis appears well under way as external imbalances in these countries have almost disappeared. However, in this paper, we argue the underlying strctural problems persist and recovery is fragile. Both sovereign

  7. Cern faces 260m euro budget cuts

    CERN Multimedia

    Banks, Michael

    2010-01-01

    "The Cern particle-physics lab near Geneva is to slash about 260m euro ($340m) from its budget for 2011-2015. The cut, which was approved by Cern's council last month, will require the lab to scale back research into future particles accelerators" (0.5 page)

  8. Roots of the weaknesses of the euro. Euro nõrkuste juured

    Directory of Open Access Journals (Sweden)

    Mart Sõrg

    2012-01-01

    Full Text Available The aim of the euro was to speed up the integration process and economic development in Europe. History of euro showed us that these optimistic goals have been only partly fulfilled. This modest result has several essential roots. Our research showed that Europe have not been and is even not today the optimal currency area. The architecture of the EMU was incomplete: in building up it was not given enough power to ECB, also were underestimated vitality national interests in member states. Therefore common interests in euro area were not enough protected. Last global financial and economic crisis showed clearly main weaknesses of euro and enforced to start to liquidate them. We conclude that resent reforms and enlargement of the EMU (Estonia probably will strengthen this union

  9. Item Banking.

    Science.gov (United States)

    Rudner, Lawrence

    1999-01-01

    Discusses the advantages and disadvantages of using item banks while providing useful information to those who are considering implementing an item banking project in their school district. The primary advantage of item banking is in test development. Also describes start-up activities in implementing item banking. (SLD)

  10. REFERENCE POINTS FOR FINANCIAL INSTABILITY IN THE EURO ZONE CANDIDATES COUNTRIES

    Directory of Open Access Journals (Sweden)

    Adina CRISTE

    2014-10-01

    Full Text Available The issue of financial instability has been intensely debated over the past few decades both within the academia and by the economy decision-makers. The complexity of the concept and the range of meanings hinder the development of a general, unanimously accepted definition. However, the historical analysis of the episodes of financial instability, which were rather frequent particularly after World War Two, as well as the specific literature, may outline some characteristics of the state if financial instability. Starting from these general aspects, this article aims to identify some traits which define the financial instability in the countries candidate to the Euro zone, taking into account the European integration and all the challenges of this process. The ideas presented in the paper will be used to analyse the actions taken by a national central bank candidate to the Euro zone, to cope with the challenges of the financial instability.

  11. Euro esimene kümme / Sirje Rank

    Index Scriptorium Estoniae

    Rank, Sirje, 1966-

    2008-01-01

    Ilmunud ka: Delovõje Vedomosti 7. mai lk. 32. Euroopa ühisraha euro asutamine ja areng. Arvamust avaldavad Siim Kallas ja Vahur Kraft. Kommenteerib Raivo Vare: Eesti võib euro saada 2015-2017. Vt. samas: Luukamber uusliikmetele on praegu karmim; Taust; Diagramm: Euro tervis on kümne aastaga tugevamaks muutunud

  12. Euro roll rahvusvahelise valuutana / Tommaso Padoa-Schioppa

    Index Scriptorium Estoniae

    Padoa-Schioppa, Tommaso

    2003-01-01

    Autor käsitleb euro erakasutust rahvusvahelises ulatuses, analüüsib euro ametlikku rolli reservvaluutana välisvaluutareservide mitmekesistamise üleüldise arengu tingimustes ning vaatleb euro kasutamist euroalale geograafiliselt lähedastes piirkondades. Lühendatud tõlge autori kõnest 2002. aasta 22. novembril Frankfurdis toimunud Euroopa panganduskongressil

  13. Advokaat: lepinguid euro tulek ei muuda / Kadrin Karner

    Index Scriptorium Estoniae

    Karner, Kadrin

    2010-01-01

    Tark & Co advokaat Hannes Vallikivi rääkis konverentsil "Mida toob euro?", et kõik lepingud jäävad euro tulekul kehtima ja euro tulek ei anna alust ka lepingut muuta. Lisa: mis juhtub enne ja pärast euroga liitumist?

  14. Riik ei loobu plaanitud euro-kampaaniast / Aivar Reinap

    Index Scriptorium Estoniae

    Reinap, Aivar, 1968-

    2005-01-01

    Rahandusministeeriumi eurole ülemineku projektijuht Anne Sulling kinnitab, et Eesti ei ole loobunud eesmärgist võtta euro kasutusele 2007. aastal. Koos Euroopa Liiduga plaanib riik kulutada euro teavitamiskampaaniale kuni ühe euro inimese kohta ehk kokku ligi 1,4 miljonit eurot. Lisa: Poolt ja vastu

  15. Islamic banking

    OpenAIRE

    Логвинова, М. В.; Хоменкова, Д. Д.

    2016-01-01

    The prohibition of interest is the feature of Islamic banking which most distinctly sets it apart from conventional banking. To Western eyes, this seems a strange restriction, but Christian countries themselves maintained such a ban for 1,400 years. Islamic Banking asks why Islam has been able to maintain its stand. The book explores the intricacies of Islamic law and the religious and ethical principles underpinning Islamic banking. It then considers the analytical basis of Islamic banking a...

  16. THE EUROPEAN CENTRAL BANK AND THE EUROZONE CRISIS MANAGEMENT

    Directory of Open Access Journals (Sweden)

    MONICA ŞAGUNA

    2013-05-01

    Full Text Available The Euro is the single currency shared by 17 of the European Union's Member States, which together make up the Euro area. Since its introduction, in January 2002, it became the second most traded currency in the world after the United States dollar. With the launch of the Euro, the monetary policy became the responsibility of the independent European Central Bank, which was created for that purpose, and of the national central banks of the Member States, having adopted the Euro. However, the accumulation of massive and unsustainable deficits and public debt levels in a number of peripheral economies threatened the Eurozone's viability by the end of its first decade, triggering a Eurozone sovereign debt crisis. The institutional mechanisms surrounding the Euro have also been an integral part of the crisis. On this line, the European Monetary Union is supported on one side by treaties and multilateral agreements including the Maastricht Treaty, the Stability and Growth Pact and the Lisbon Strategy and, on the other side, by the European Central Bank. The combination of these institutions has produced a mix of monetary, fiscal and labour market policies with powerful social implications. And, what started as a debt crisis in Greece in late 2009 has evolved into a broader economic and political crisis in the Eurozone and European Union. In this framework, the purpose of my paper is to analyze the roots of the Eurozone crisis, as the biggest challenge since the Euro adoption and the European Central Bank’s response to it. Therefore the objectives are: identification of the reasons that stand behind the crisis, then observing how the crisis has affected the functioning of the European Central Bank and the Euro, and how it was forced to respond and, finally, focusing on the future and the challenges that lie ahead.

  17. IMPACT OF EURO ON ACCOUNTING SYSTEMS: THE CASE OF SLOVENIA

    OpenAIRE

    Tatjana Horvat

    2007-01-01

    Based on the Slovenian experiences, the purpose of the paper is therefore to analyse the impact of the changeover to the euro on the main fields in accounting and accounting information system, and to form on this basis a model of activities for the preparation for the changeover to the euro in the states which are to adopt the euro. From 1 January 2007 the official currency of Slovenia has been the euro, and the changeover itself to the euro presented additional risks in the field of informa...

  18. Development of tissue bank

    Directory of Open Access Journals (Sweden)

    R P Narayan

    2012-01-01

    Full Text Available The history of tissue banking is as old as the use of skin grafting for resurfacing of burn wounds. Beneficial effects of tissue grafts led to wide spread use of auto and allograft for management of varied clinical conditions like skin wounds, bone defects following trauma or tumor ablation. Availability of adequate amount of tissues at the time of requirement was the biggest challenge that forced clinicians to find out techniques to preserve the living tissue for prolonged period of time for later use and thus the foundation of tissue banking was started in early twentieth century. Harvesting, processing, storage and transportation of human tissues for clinical use is the major activity of tissue banks. Low temperature storage of processed tissue is the best preservation technique at present. Tissue banking organization is a very complex system and needs high technical expertise and skilled personnel for proper functioning in a dedicated facility. A small lapse/deviation from the established protocol leads to loss of precious tissues and or harm to recipients as well as the risk of transmission of deadly diseases and tumors. Strict tissue transplant acts and stringent regulations help to streamline the whole process of tissue banking safe for recipients and to community as whole.

  19. Euro Banknote Recognition System for Blind People

    Directory of Open Access Journals (Sweden)

    Larisa Dunai Dunai

    2017-01-01

    Full Text Available This paper presents the development of a portable system with the aim of allowing blind people to detect and recognize Euro banknotes. The developed device is based on a Raspberry Pi electronic instrument and a Raspberry Pi camera, Pi NoIR (No Infrared filter dotted with additional infrared light, which is embedded into a pair of sunglasses that permit blind and visually impaired people to independently handle Euro banknotes, especially when receiving their cash back when shopping. The banknote detection is based on the modified Viola and Jones algorithms, while the banknote value recognition relies on the Speed Up Robust Features (SURF technique. The accuracies of banknote detection and banknote value recognition are 84% and 97.5%, respectively.

  20. Does the Euro enhance Economic Growth?

    DEFF Research Database (Denmark)

    Dreyer, Johannes Kabderian; A. Schmid, Peter

    2016-01-01

    of economic integration in Europe. The aim of this article is to investigate whether the EU and EZ memberships enhance growth of their members. In order to perform our empirical analysis, we apply an augmented Solow growth model using convergence analysis and the panel Generalized Method of Moments (GMM......One of the major economic reasons for the creation of the European Union (EU) and of the Euro-zone (EZ) was an expected bonus of economic growth associated to member states. While several studies exist on the growth bonus of the EU membership, there are none for the EZ, the latest and deepest step......) to estimate its coefficients. We restrict the time frame of our research on the first 14 years of the Euro - from 1999 to 2012. In line with economic intuition we find a positive and neutral impact of EU and EZ memberships on economic growth respectively. These economic results can be considered especially...

  1. Euro Banknote Recognition System for Blind People.

    Science.gov (United States)

    Dunai Dunai, Larisa; Chillarón Pérez, Mónica; Peris-Fajarnés, Guillermo; Lengua Lengua, Ismael

    2017-01-20

    This paper presents the development of a portable system with the aim of allowing blind people to detect and recognize Euro banknotes. The developed device is based on a Raspberry Pi electronic instrument and a Raspberry Pi camera, Pi NoIR (No Infrared filter) dotted with additional infrared light, which is embedded into a pair of sunglasses that permit blind and visually impaired people to independently handle Euro banknotes, especially when receiving their cash back when shopping. The banknote detection is based on the modified Viola and Jones algorithms, while the banknote value recognition relies on the Speed Up Robust Features (SURF) technique. The accuracies of banknote detection and banknote value recognition are 84% and 97.5%, respectively.

  2. Minister denies fudging in quest for euro

    Index Scriptorium Estoniae

    2010-01-01

    Rahandusminister Jürgen Ligi kinnitas, et Eesti ei ole eurokriteeriumi täitmiseks mingeid pettusi rakendanud. Mart Laar leiab, et euro kasutuselevõttu võib segada tööpuuduse kõrge tase. Riigikogu rahanduskomisjoni esimees Taavi Rõivas ei usu, et kõrge tööpuudus võiks euroga liitumist edasi lükata

  3. On The Road to Euro: How Synchronized Is Estonia with the Euro zone?

    Directory of Open Access Journals (Sweden)

    Brixiova, Zuzana

    2010-06-01

    Full Text Available While the currency board served Estonia well during transition in the 1990s, it has limited its ability to counter the impact of the global financial crisis and heightened the currency risks. The euro adoption has thus become a top policy priority again. However, this paper finds that even after almost two decades of hard peg with the core of the euro zone shocks affecting Estonia are relatively weakly synchronized with those of the zone, contributing to large output volatility. Nevertheless, the case for euro adoption by Estonia holds, since the costs of the loss of independent monetary policy were paid, and - as the global financial crisis demonstrated - the currency board is no substitute for the common currency. To reduce future output volatility, Estonia should move to counter-cyclical fiscal policies, maintain labor and product market flexibility, and adopt policies stimulating rise in the knowledge and high-tech content of its production.

  4. Real-world NOx emissions of Euro V and Euro VI heavy duty vehicles

    Energy Technology Data Exchange (ETDEWEB)

    Vermeulen, R.; Dekker, H.; Vonk, W.

    2012-04-15

    TNO regularly performs measurements to determine the in-service performance and durability with respect to the pollutant emissions of heavy-duty vehicles under representative driving conditions. The 2011 measurement programme yields new insights regarding the emission performance of the upcoming Euro VI technology for heavy-duty vehicles, mandatory as of 31 December 2013 and, together with the results from earlier performed programmes, leads to conclusions on the emission performance of past and present generations of heavy-duty vehicles (Euro V, EEV)

  5. Eurotermbank – Term Bank of the New Eu Members

    Directory of Open Access Journals (Sweden)

    Albina Auksoriūtė

    2011-04-01

    Full Text Available A European Commission project EuroTermBank - Collection of Pan-European Terminology Resources through Cooperation of Terminology Institutions - has been working already for two years starting from January 2005. Project coordinator was Tilde (Latvia, the project partners were: Institute for Information Management at Cologne University of Applied Sciences (Germany, Center for Language Technology at University of Copenhagen (Denmark, Institute of the Lithuanian Language (Lithuania, Terminology Commission of Latvian Academy of Science (Latvia, MorphoLogic (Hungary, University of Tartu (Estonia, Information Processing Center (Poland. EuroTermBank project has been focused on harmonization and consolidation of terminology work in new EU member states, transferring experience from other European Union terminology networks and accumulating competencies and efforts of the new EU countries. The result of the project is a centralized online term bank for languages of new EU member countries interlinked to other terminology banks and resources. The term bank is accessible via internet and it contains over 600 000 terminological entries, in which there are more than 1, 5 million terms in 25 languages. It has a link with four external data bases: TermNet.lv, OLSTEN, MoBiDic and Lietuvos Respublikos terminų bankas. In EuroTermBank there are over 78 000 Lithuanian terms and their equivalents in other languages from 11 sources. Terms in this term bank are arranged according to subject fields from Eurovoc – an official multilingual thesaurus of the European Union. The address of EuroTermBank web page is www.eurotermbank.com.

  6. Is shadow banking really banking?

    OpenAIRE

    Bryan J. Noeth; Rajdeep Sengupta

    2011-01-01

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

  7. Perception of Euro in Poland – Economic and Psychological Factors

    Directory of Open Access Journals (Sweden)

    Marcin Matyja

    2014-12-01

    Full Text Available Purpose: Diagnosis of the opportunities and threats associated with the introduction of the euro in Poland was the main focus of this study. The research had two main objectives: exploratory and operational. The exploratory objective was to capture the structure of convictions affecting Poles’ attitudes toward the introduction of the euro. The operational objective was to verify which of those convictions have the most infl uence on the lack of support for the introduction of the euro. Methodology: The research was conducted with a national random sample (n=509 of Polish citizens. The CAPI/ CASI face-to-face questionnaire was used. Findings: There exists a multi-level structure of attitudes towards the euro. The attitude toward the introduction of the euro is explained by attitudes toward the euro and the Polish zloty, perceived gains and losses from introduction of the euro and life attitudes. One cannot force another individual to support the introduction of the euro. However, one can act upon the convictions of the nation, which has a major impact on raising euro acceptance. The most impact is from strengthening of national beliefs, which strongly and positively affect the level of euro acceptance, whereas any reduction lowers the acceptance of the introduction of a new currency. Limitations: As any other social phenomena, money perception is very dynamic and dependent on current political and social issues. Therefore, despite the fact that the model seems to defi ne the factors and their influence on euro perception very accurately, it is essential that every time it is applied, the current state of mind of the society is measured. Furthermore, additional research should be conducted for groups deviating from the average results for the society. Originality: The practical aspect of this research is the opportunity to point out convictions, which need to be modified to increase euro acceptance.

  8. Balance of payments adjustment mechanisms in the Euro area

    OpenAIRE

    Pavel HNÁT; Martina JIRÁNKOVÁ

    2012-01-01

    The article aims at analysing the current situation in the Euro area with respect to the balance of payments adjustment mechanism that should normally be at place. Internally, the Euro area membership represents a combination of the fixed exchange rate, capital mobility and no monetary policy autonomy; externally, the Euro area countries apply floating exchange rates with high capital mobility, and autonomous monetary policy. Member states thus cannot use the monetary instruments to prevent e...

  9. TARGET - NEW PAYMENT SYSTEM FOR THE EURO AREA

    Directory of Open Access Journals (Sweden)

    ELENA VIOLETA DRĂGOI

    2015-04-01

    Full Text Available At EU level, the funds transfer systems have undergone significant changes starting with the introduction of euro. The launch of the euro, the emergence of new technologies, introduction of financial innovations and the globalization have led to reorganization of funds transfer systems` infrastructure. The paper aims to offer an analysis of actual payment system for Euro area, a trans-European funds transfer system with gross settlement in real-time for payments in euro TARGET- to increase economical and operational efficiency of payments and also to reduce the risks in the electronic funds transfer system by creating efficient and secure payment systems.

  10. Dilution effects on ultrafine particle emissions from Euro 5 and Euro 6 diesel and gasoline vehicles

    Science.gov (United States)

    Louis, Cédric; Liu, Yao; Martinet, Simon; D'Anna, Barbara; Valiente, Alvaro Martinez; Boreave, Antoinette; R'Mili, Badr; Tassel, Patrick; Perret, Pascal; André, Michel

    2017-11-01

    Dilution and temperature used during sampling of vehicle exhaust can modify particle number concentration and size distribution. Two experiments were performed on a chassis dynamometer to assess exhaust dilution and temperature on particle number and particle size distribution for Euro 5 and Euro 6 vehicles. In the first experiment, the effects of dilution (ratio from 8 to 4 000) and temperature (ranging from 50 °C to 150 °C) on particle quantification were investigated directly from tailpipe for a diesel and a gasoline Euro 5 vehicles. In the second experiment, particle emissions from Euro 6 diesel and gasoline vehicles directly sampled from the tailpipe were compared to the constant volume sampling (CVS) measurements under similar sampling conditions. Low primary dilutions (3-5) induced an increase in particle number concentration by a factor of 2 compared to high primary dilutions (12-20). Low dilution temperatures (50 °C) induced 1.4-3 times higher particle number concentration than high dilution temperatures (150 °C). For the Euro 6 gasoline vehicle with direct injection, constant volume sampling (CVS) particle number concentrations were higher than after the tailpipe by a factor of 6, 80 and 22 for Artemis urban, road and motorway, respectively. For the same vehicle, particle size distribution measured after the tailpipe was centred on 10 nm, and particles were smaller than the ones measured after CVS that was centred between 50 nm and 70 nm. The high particle concentration (≈106 #/cm3) and the growth of diameter, measured in the CVS, highlighted aerosol transformations, such as nucleation, condensation and coagulation occurring in the sampling system and this might have biased the particle measurements.

  11. SINGLE EURO PAYMENTS AREA (SEPA – STRATEGIC VALUE ON THE HIGH DEGREE OF INTEROPERABILITY FOR ALL ACTIVE PARTICIPANTS IN THE FINANCIAL TRANSACTION MARKET

    Directory of Open Access Journals (Sweden)

    Laurentiu Dumitru Andrei

    2014-09-01

    Full Text Available The introduction of euro currency in 1999 paved the way for policymakers - EU governments, the European Parliament, the European Commission and the European Central Bank - to adopt the SEPA initiative. This is a complex process that aims to integrate the euro payments market, integration that also takes into account Romanian State Treasuries as payment service providers for local and central public administrations. In this context, premises were created for developing an integrated financial market that would allow a better use of capital and an accelerating economic development in the EU.

  12. ONLINE BANKING IN THE ROMANIAN BANKING SYSTEM

    OpenAIRE

    IMOLA DRIGĂ

    2014-01-01

    In the world of banking, the development of IT has a huge effect on development of more flexible payments methods and more user-friendly banking services. Recently, modern electronic banking services, internet and mobile banking, have rejuvenated banking transactions. Electronic banking over the Internet is one of the newest e-banking services with several benefits both for banks and for customers. The paper aims to provide an overview of online banking services highlighting various aspect...

  13. Shock monetari e reali, ciclo economico e valore dell’euro (Monetary and Real Shocks, the Business Cycle and the Value of the Euro

    Directory of Open Access Journals (Sweden)

    Renato Filosa

    2012-04-01

    Full Text Available The appreciation of the dollar in the aftermath of the euro launch came as a surprise to most observers; furthermore, the traditional models fail to capture its dynamics. Is this a confirmation of Mussa's, Meese's and Rogoff's results, according to which no structural model can perform better than a random walk? More optimistically, this study shows that a structural VAR model of the Mundell-Fleming type satisfactorily explains the behaviour of the euro and its relationships with the fundamentals. My estimates indicate that dollar appreciation is primarily due to the cyclical strength of US demand. By contrast, they do not support the often-voiced theory that dollar appreciation is to be accounted for with the "new economy." Finally, the model shows that monetary shocks have limited effects on the exchange rate and very strong effects on inflation. This justifies the emphasis placed by central banks on the pursuit of internal objectives rather than exchange rate stability.   JEL Codes: E31, E32, E58, F31, F33Keywords: Business Cycle, Cycle, Monetary

  14. THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS?

    Directory of Open Access Journals (Sweden)

    ALINA LIGIA DUMITRESCU

    2014-11-01

    Full Text Available The banking union has been seen as "a panacea" for solving the system risks of the EU banking system. This paper objectives are to find out if is the banking union, with is strong and week sides, will be right answer to solve the actual issues that EU banking system has as: the fragmentation in the EU single market, the deterioration in asset quality, the need for recapitalization and the quality of banks’ loan portfolios. According with most of the experts the banking union will strength the process of economic integration. On the other side, the non-euro area member states are questioning about "equal rights and obligations for all Member States" inside the banking union. But, with all pros and cons of the banking union, the ECB's making decisions and tasks can be questioned, although its role of supervisor can not be disputed. The most important thing is that the banking union breaks the vicious circle between banks and sovereign debts, and ends "to big to fail"

  15. Multinational cash management and conglomerate discounts in the euro zone

    NARCIS (Netherlands)

    Eije, Henk von; Westerman, Wim

    2001-01-01

    We discuss the impact of liberalisation, deregulation and the introduction of a single currency on cash management within multinationals in the euro zone. The developments in the euro zone reduce financial market imperfections in transferring cash and diminish the need for separate local cash

  16. Are there political budget cycles in the euro area?

    NARCIS (Netherlands)

    Mink, Mark; de Haan, Jakob

    This article examines whether there is a political budget cycle (PBC) in countries in the euro area. Using a multivariate model for 1999-2004 and various election indicators we find strong evidence that, since the start of the Stability and Growth Pact, fiscal policy-makers in the euro area have

  17. Late-breaking papers of EuroGP-99

    NARCIS (Netherlands)

    W.B. Langdon; R. Poli; P. Nordin; T. Fogarty

    1999-01-01

    textabstractThis booklet contains the late-breaking papers of the Second European Workshop on Genetic Programming (EuroGP'99) held in G'oteborg Sweden 26--27~May~1999. EuroGP'99 was one of the EvoNet workshops on evolutionary computing, EvoWorkshops'99. The purpose of the late-breaking papers was to

  18. EuroGOV: Engineering a Multilingual Web Corpus

    NARCIS (Netherlands)

    Sigurbjörnsson, B.; Kamps, J.; de Rijke, M.

    2005-01-01

    EuroGOV is a multilingual web corpus that was created to serve as the document collection for WebCLEF, the CLEF 2005 web retrieval task. EuroGOV is a collection of web pages crawled from the European Union portal, European Union member state governmental web sites, and Russian government web sites.

  19. L'euro et le dollar

    OpenAIRE

    Bénassy-Quéré, Agnès; Pisani-Ferry, Jean; Martin, Philippe

    1997-01-01

    La question des incidences externes de l'union monétaire européenne a longtemps été un sujet de préoccupation quasi-exclusivement français. Elle fait depuis peu l'objet d'un intérêt croissant hors d'Europe. En se dotant d'une monnaie commune, les pays de l'UE mettront en effet à disposition du reste du monde un instrument attrayant d'échange et de placement : la constitution monétaire qu'ils ont choisie garantira la stabilité interne de l'euro ; celui-ci prendra appui sur une économie puissan...

  20. The Euro Crisis in Online Media

    DEFF Research Database (Denmark)

    Uldam, Julie; Kaun, Anne

    2013-01-01

    the financial crisis) remain largely absent from mainstream media reports. Instead, civil society initiatives that respond to the consequences of the crisis have to rely on self-representation and sharing of resources in online media. One example is the Swedish grassroots organisation, Megafonen.......While Scandinavian countries may be coping with the Euro crisis relatively better than most other European countries, they are far from unaffected. Nonetheless, the mainstream media have represented Scandinavia and Sweden as prime examples of resilience at a governmental level (i.e. the ability...... of a national economy to withstand, adapt and overcome the financial crisis), disregarding the consequences of growing inequalities and the dismantling of welfare state. Consequently, reports on resilience at the civil society level (i.e. the ability of citizens and communities to withstand, adapt and overcome...

  1. The Euro Crisis in Online Media

    DEFF Research Database (Denmark)

    Uldam, Julie; Kaun, Anne

    2013-01-01

    of a national economy to withstand, adapt and overcome the financial crisis), disregarding the consequences of growing inequalities and the dismantling of welfare state. Consequently, reports on resilience at the civil society level (i.e. the ability of citizens and communities to withstand, adapt and overcome......While Scandinavian countries may be coping with the Euro crisis relatively better than most other European countries, they are far from unaffected. Nonetheless, the mainstream media have represented Scandinavia and Sweden as prime examples of resilience at a governmental level (i.e. the ability...... the financial crisis) remain largely absent from mainstream media reports. Instead, civil society initiatives that respond to the consequences of the crisis have to rely on self-representation and sharing of resources in online media. One example is the Swedish grassroots organisation, Megafonen....

  2. THE CERN HEALTH INSURANCE SCHEME AND THE EURO

    CERN Multimedia

    Human Resources Division

    2002-01-01

    Since 1 January 2002, the euro is the common currency of 12 European countries and some 300 million people. Of course, such a change has some consequences on our Health Insurance Scheme. As you know, when filling in the medical expenses claim form, you are required to indicate a currency code, i.e. the currency in which you have incurred medical expenses. You may have noticed that the euro is not yet on the list of currencies which appear on the bottom left of the existing form. This will be changed very soon, once the stock of existing forms has been used up. Until then, please note that the currency code for the euro is 002 (easy to remember since the code for the Swiss franc is 001). If you forget this code, don't worry! Just indicate «euro» next to the amount of your medical bill, or simply use the euro symbol!

  3. The Euro-Mediterranean Tsunami Catalogue

    Directory of Open Access Journals (Sweden)

    Alessandra Maramai

    2014-08-01

    Full Text Available A unified catalogue containing 290 tsunamis generated in the European and Mediterranean seas since 6150 B.C. to current days is presented. It is the result of a systematic and detailed review of all the regional catalogues available in literature covering the study area, each of them having their own format and level of accuracy. The realization of a single catalogue covering a so wide area and involving several countries was a complex task that posed a series of challenges, being the standardization and the quality of the data the most demanding. A “reliability” value was used to rate equally the quality of the data for each event and this parameter was assigned based on the trustworthiness of the information related to the generating cause, the tsunami description accuracy and also on the availability of coeval bibliographical sources. Following these criteria we included in the catalogue events whose reliability ranges from 0 (“very improbable tsunami” to 4 (“definite tsunami”. About 900 documentary sources, including historical documents, books, scientific reports, newspapers and previous catalogues, support the tsunami data and descriptions gathered in this catalogue. As a result, in the present paper a list of the 290 tsunamis with their main parameters is reported. The online version of the catalogue, available at http://roma2.rm.ingv.it/en/facilities/data_bases/52/catalogue_of_the_euro-mediterranean_tsunamis, provides additional information such as detailed descriptions, pictures, etc. and the complete list of bibliographical sources. Most of the included events have a high reliability value (3= “probable” and 4= “definite” which makes the Euro-Mediterranean Tsunami Catalogue an essential tool for the implementation of tsunami hazard and risk assessment.

  4. TOWARDS THE EUROPEAN BANKING UNION-Literature review

    Directory of Open Access Journals (Sweden)

    Dragos G. TURLIUC

    2013-06-01

    Full Text Available The financial crisis has made the need for a more integrated regulatory and supervisory framework for the financial services sector evident. An important step towards this aim is the establishment of the Single Supervisory Mechanism. European leaders have committed to moving toward a banking union, in which bank regulation and supervision, deposit guarantees, and the handling of troubled banks will be integrated across at least the euro area and possibly across the wider European Union. This paper provides an overview of research on this topic. We also identify important future research questions that emerge from both the literature and the current debate.

  5. The Euro Changeover and Its Effects on Price Transparency, and Inflation. Mission Euro, Mission Accomplished!

    OpenAIRE

    Giovanni Mastrobuoni; Wioletta Dziuda

    2005-01-01

    Despite the expectations of economists that the euro changeover would have no effect on prices, we show that European consumers perceive the contrary. The data indicate that consumers based their perceptions about inflation on goods that are cheaper and more frequently purchased. We use this insight to develop and estimate a model of imperfect information that explains why these goods were subject to higher price growth after the changeover. The data indicate that some retailers, aware of the...

  6. EuroMInd-D: A Density Estimate of Monthly Gross Domestic Product for the Euro Area

    DEFF Research Database (Denmark)

    Proietti, Tommaso; Marczak, Martyna; Mazzi, Gianluigi

    EuroMInd-D is a density estimate of monthly gross domestic product (GDP) constructed according to a bottom–up approach, pooling the density estimates of eleven GDP components, by output and expenditure type. The components density estimates are obtained from a medium-size dynamic factor model of ...... and evaluated with different tests based on the probability integral transform and by applying scoring rules....

  7. ONLINE BANKING IN THE ROMANIAN BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    IMOLA DRIGĂ

    2014-12-01

    Full Text Available In the world of banking, the development of IT has a huge effect on development of more flexible payments methods and more user-friendly banking services. Recently, modern electronic banking services, internet and mobile banking, have rejuvenated banking transactions. Electronic banking over the Internet is one of the newest e-banking services with several benefits both for banks and for customers. The paper aims to provide an overview of online banking services highlighting various aspects globally as well as in the Romanian banking system. Even if there already are several studies on web banking, this topic still remains a resourceful area for academic research in the next decade.

  8. On Banks, Courts and International Law

    DEFF Research Database (Denmark)

    Fabbrini, Federico

    , to be adopted in co-decision procedure with the Parliament, the Council has however endorsed a plan to adopt an international agreement on the functioning of the Single Resolution Fund (SRF). The paper critically analyses the choice to resort to international law to establish the SRF. As the paper maintains......In December 2013 the ECOFIN Council has given its green light to the adoption of the second pillar of the so-called Banking Union: a Single Resolution Mechanism to wind down failing banks in the Euro-zone, and thus break the cycle between banks and sovereigns in the EU. Besides a regulation......, the use of an intergovernmental agreement in this case is not necessary from a legal point of view. In fact, the use of international law in this case rests on flawed legal argument, namely that EU regulations cannot impose financial obligations on the states. Moreover, as the paper explains, the use...

  9. Cracking Bank PINs by Playing Mastermind

    Science.gov (United States)

    Focardi, Riccardo; Luccio, Flaminia L.

    The bank director was pretty upset noticing Joe, the system administrator, spending his spare time playing Mastermind, an old useless game of the 70ies. He had fought the instinct of telling him how to better spend his life, just limiting to look at him in disgust long enough to be certain to be noticed. No wonder when the next day the director fell on his chair astonished while reading, on the newspaper, about a huge digital fraud on the ATMs of his bank, with millions of Euros stolen by a team of hackers all around the world. The article mentioned how the hackers had 'played with the bank computers just like playing Mastermind', being able to disclose thousands of user PINs during the one-hour lunch break. That precise moment, a second before falling senseless, he understood the subtle smile on Joe's face the day before, while training at his preferred game, Mastermind.

  10. POLAND IN AND OUTSIDE THE EURO ZONE – RISKS AND BENEFITS IN THE LIGHT OF NEW POLITICAL AND ECONOMIC DETERMINANTS

    Directory of Open Access Journals (Sweden)

    Krzysztof Dobrowolski

    2017-09-01

    Full Text Available This article analyzes the benefits and risks of Poland adopting the euro in the light of current political and economic conditions. For this purpose, the following research methods were used: literature research, intuitive method and descriptive statistics. Poland has fulfilled the criteria for nominal convergence for two years, apart from participating in the ERM II mechanism, but the political situation in the country precludes the adoption of measures leading to the euro zone. The future shape of this zone is yet unknown, as its closer integration is planned. Theoretical analysis indicates that the process of globalization makes it difficult for medium-sized, open-economy countries to pursue autonomous monetary and exchange rate policy, so the loss of these instruments after the adoption of the euro should not jeopardize long-term economic growth, even in the case of asymmetric shocks. The market mechanisms of restoring the balance and fiscal policy may then be used. The economy will also benefit from the elimination of transaction costs and exchange rate risks in the euro zone. The analysis shows that it is possible to use the opportunity for faster GDP growth associated with the adoption of the common currency if the right economic policy is pursued. Adopting the euro may also incur costs. For banks it can be the loss of foreign exchange earnings and commissions on FX hedge transactions. For the economy it can be the possibility of speculative bubbles, as a result of excessive consumption growth, caused by possibly too low interest rates. Expected benefits should, however, outweigh any losses.

  11. George Bank

    Science.gov (United States)

    Codispoti, L. A.

    This book provides a rich feast for anyone who has a hunger to learn more about Georges Bank! Its 593 large pages provide articles on a wide variety of scientific and resource management topics. Many human interest features are also included. Among the latter are a photograph demonstrating the only proper way for a seagoing chemist to imbibe, and articles entitled, “My First Trip on Georges Bank,” and “‘Bait Up!’: Dory Fishing on Georges Bank.”Proving that every cloud has a silver lining, interest in producing this book was driven by the climate of controversy that surrounded Georges Bank in the latter 1970s and early 1980s. This was a time when exploratory wells were being driven to search for oil and when disputes between Canada and the United States about jurisdiction over the Bank were reaching their peak. As Backus notes in the Foreword, Woods Hole Oceanographic Institution, Woods Hole, Mass., set up a Coastal Research Center in 1979 when “the oil/fish dispute on Georges Bank was hot.” The direct costs of publishing this book were, in turn, supported by the Coastal Research Center.

  12. ADVANTAGES AND DISADVANTAGES OF THE EURO

    Directory of Open Access Journals (Sweden)

    MELINDA CENUŞE

    2010-01-01

    Full Text Available Creating a single European currency has, undoubtedly two great advantages: on the one hand, lower transaction costs resulting from exchanging various national currencies and, on the other hand, removing the uncertainty arising from these exchanges. Mugur Isarescu, the Governor of the NBR, has recently said that the adoption of the euro in 2014 could not be possible, if inflation does not drop a sustainable level in 2010 and 2011. He noted that current experience with the inflation and devaluation of the national currency shows that reducing inflation without improving other indicators is counterproductive. The problem of estimating the main advantages of a single currency and of a monetary union in general is that it is difficult to clearly distinguish them from those resulting from other aspects of economic integration. The success of a monetary integration requires a certain degree of coordination of macroeconomic policies. It is unanimously agreed that if countries cooperate with each other, together they shall have better results than in the case they do not cooperate. In budgetary process local authorities have the right to establish, observe, control, follow and charge municipal taxes. In this process they also have to report local budgets implementation and rectification.

  13. Psychological costs of currency transition: evidence from the euro adoption

    Czech Academy of Sciences Publication Activity Database

    Otrachshenko, V.; Popova, Olga; Tavares, J.

    2016-01-01

    Roč. 45, December (2016), s. 89-100 ISSN 0176-2680 Institutional support: RVO:67985998 Keywords : Euro introduction * currency changeover * subjective well - being Subject RIV: AH - Economics Impact factor: 1.098, year: 2016

  14. Estonia's accession to the euro area / Mart Sõrg

    Index Scriptorium Estoniae

    Sõrg, Mart, 1943-

    2006-01-01

    Eesti astumine Euroopa Liidu liikmeks mais 2004 tõi kaasa kohustuse liituda ka europiirkonnaga. Ettevalmistused kulgevad seaduse harmoniseerimise, euro kasutuselevõtu tehnilise ettevalmistuse ning majanduse stabiilsus- ja kasvupakti nõuetele vastavusse viimise osas

  15. EuroTraining - Supporting University Programmes in Nanoelectronics

    DEFF Research Database (Denmark)

    Nielsen, Ivan Ring; Bruun, Erik

    2010-01-01

    This paper describes how the EuroTraining project supports a timely introduction of new nanoelectronics university programmes in Europe. The provisions include training courses, training material and training roadmaps describing the structure and content of nanoelectronics curricula. In order...

  16. Book Review: Restorative justice and victimology: Euro-Africa ...

    African Journals Online (AJOL)

    Abstract. Title: Restorative Justice and Victimology: Euro-Africa Perspectives, Author: Dr Don John O. Omale, Publisher: Wolf Publishers, Price: R354, Pages: 221, Availability: Published, ISBN: 978-90-5850-861-4 ...

  17. The macroeconomic impact of quantitative easing in the euro area

    National Research Council Canada - National Science Library

    2016-01-01

    ...% over the medium term. As the euro area has no experience, to date, with the effectiveness of quantitative easing of this kind on real economic developments and inflation, model-based analyses play an important role...

  18. Competitiveness and external imbalances within the euro area

    OpenAIRE

    2012-01-01

    The onset of the financial crisis in 2008 has highlighted the problems of diverging external imbalances within Economic and Monetary Union (EMU) and the role of persistent losses in competitiveness. This paper starts by investigating some of the competitiveness factors which contributed to external imbalances in euro area countries. The evidence suggests significant heterogeneity across countries in both price/cost and non-price competitiveness in the euro area and that there is no one factor...

  19. 12 CFR 619.9140 - Farm Credit bank(s).

    Science.gov (United States)

    2010-01-01

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

  20. ANALYSIS OF TIME SERIES FOR THE CURRENCY PAIR CROATIAN KUNA / EURO

    Directory of Open Access Journals (Sweden)

    Marko Martinović

    2017-01-01

    Full Text Available The domestic currency Croatian kuna (HRK was introduced in May 1995. To date, the Croatian National Bank (HNB, as a regulator and formulator of monetary policy in Croatia has operated a policy of stable exchange rate, typically referenced to the formal currency of the European Union euro (EUR. From the date of introduction of the euro 01/01/1999 until 01/01/2016 the value of the currency pair HRK / EUR changed in value by only 4.25% (HNB. Although the value of the Croatian kuna is relatively stable, there are some fluctuations on an annual level (e.g. in ­­­the last few years because of the global crisis as well as  on periodic levels within a year. The aim of this paper is to show the movement of the value of the currency pair since the beginning of 2002 to the present day (the time curve, analyze the correctness, trends and periodicity (seasonal behavior, if any exist.The research will be done using the method of Time Series Analysis, assuming that the external (global economy and internal factors (economic policy remain similar or the same. According to the results, further assessment of price developments in the period followed will be made by using the obtained predicative models. In the event that the curve contains the component of periodicity, the observed patterns will be studied further.

  1. THE DEVELOPMENT OF THE EUROPEAN BANKING INDUSTRY THROUGH THE TARGET PAYMENTS SYSTEM

    Directory of Open Access Journals (Sweden)

    LUCIAN-ION MEDAR

    2017-12-01

    Full Text Available The creation of the Single Euro Payments Area is in full swing and the completion of the Economic and Monetary Union is the moment of consolidation, of preparing the conditions in all Member States to enable them to cope with the global financial challenges and prosper. The markets for small value payments in euro within the European Union have been very fragmented. There was a need for a project (SEPA with a major impact on national payment markets in order to unify and standardize them in a single domestic market. Trans-European Automated Realtime Gross Settlement Express Transfer System (TARGET is a trans-European automated real-time gross settlement system - which meets the needs of consumers by offering services at a harmonized level in the European Union. Now, however, the banking clientele needs some education about banking operations taking place at the level of the European banking system. The initial project was proposed and promoted by the European Central Bank together with the European Commission and supported by the central banks of the European Union. However, the implementation and continued development of the SEPA-Single Euro Payments Area process is the responsibility of the financial institutions, and the final beneficiaries are indisputably the individuals and legal entities that represent their "clientele". The Eurosystem has cooperated with national central banks to implement standards that facilitate the rapid automation of payment systems by offering TAREGET 2-Securities (T2S banking clients.

  2. Phenomenon of Swiss banking

    Directory of Open Access Journals (Sweden)

    Milenković Ivan

    2015-01-01

    Full Text Available Swiss banking is a 'generic name' for a system based on private banking and banking secrecy. In the introductory chapter we highlight the difference between Swiss banking and banking in the Switzerland's system. In the second chapter we present a more detailed description of the institution of banking secrecy, while in the third chapter we present the exceptions to it. The fourth chapter elaborates on the present and the future of Swiss banking. It is argued whether in the present circumstances banking secrecy has become disruptive to the further development of both Swiss banking and banking in Switzerland and whether Swiss banking will come to an end in the future.

  3. The U.S. Export Import Bank: Criteria in the Direct Loan Program,

    Science.gov (United States)

    1982-11-01

    major banks, many of them U.S. banks, and the development of truly international capital markets in Euro - currencies, have greatly increased the liquidity... model on which postwar industry was developed in Europe and in a different but comparable sense in Japan, entailed much more government involve- ment... changeover slow. Chairman Draper did not assume his office until July of 1981. A moratorium on issuance of new preliminary commitments was in effect until

  4. Euro-VO-Coordination of virtual observatory activities in Europe

    Science.gov (United States)

    Genova, Françoise; Allen, Mark G.; Arviset, Christophe; Lawrence, Andy; Pasian, Fabio; Solano, Enrique; Wambsganss, Joachim

    2015-06-01

    The European Virtual Observatory Euro-VO has been coordinating European VO activities through a series of projects co-funded by the European Commission over the last 15 years. The bulk of VO work in Europe is ensured by the national VO initiatives and those of intergovernmental agencies. VO activities at the European level coordinate the work in support of the three "pillars" of the Virtual Observatory: support to the scientific community, take-up by the data providers, and technological activities. Several Euro-VO projects have also provided direct support to selected developments and prototyping. This paper explains the methodology used by Euro-VO over the years. It summarises the activities which were performed and their evolutions at different stages of the development of the VO, explains the Euro-VO role with respect to the international and national levels of VO activities, details the lessons learnt for best practices for the coordination of the VO building blocks, and the liaison with other European initiatives, documenting the added-value of European coordination. Finally, the current status and next steps of Euro-VO are briefly addressed.

  5. AN OVERVIEW AT MACROECONOMIC LEVEL THROUGH ACCOUNTING FIGURES PROVIDED BY THE ECB ASSESSMENT ON EUROZONE BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    Olivera Ecaterina OROS

    2014-05-01

    Full Text Available Along with the main macroeconomic indicators, the credit risk indicators became an important leverage in monitoring and evaluating the standard of living at a national level and the country’s economic evolution. These two types of indicators show a strong interconnection, and the correct assessment of the credit risk indicators becomes a must. As a consequence, the central banks and the main regulators in the Europe aria provided for a strict monitoring of such indicators and further on, for constant update of the banking supervisory regulations. In October 2013, the European Central bank (ECB issued the Note of Comprehensive Assessment that will be carried out during 2014, on the Euro-zone1 banking system. The outcome of the assessment will impact not only the accounting figures of the banking system, but also might change the macroeconomic overview of Euro-zone and the IASB's Conceptual Framework for Financial Reporting.

  6. Banking Redefined

    OpenAIRE

    Varma, Vijaya Krushna Varma

    2010-01-01

    Taxation, tax collection, tax enforcement, tax compliance, allocation of revenues to various ministries or departments and money supply into the economy are unified and integrated in the banking system. There will be no Direct and Indirect taxes, tax collection departments, tax tribunals and tax enforcement agencies. Citizens need not maintain separate account books and submit tax returns annually for paying either Direct taxes on personal incomes or Indirect taxes while running business or i...

  7. Electronic Banking And Bank Performance In Nigeria

    African Journals Online (AJOL)

    2013-03-01

    Mar 1, 2013 ... retained their brand names and remain quoted in the Nigerian Stock Exchange since 1997. The profitability performance of these banks was measured in terms of returns on equity (ROE) and ... customers, bank management and shareholders with regard to electronic banking adoption for banking ...

  8. Simulating Retail Banking for Banking Students

    Science.gov (United States)

    Supramaniam, Mahadevan; Shanmugam, Bala

    2009-01-01

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

  9. EuroCirCol kick-off event

    CERN Multimedia

    Hardre, Julie

    2015-01-01

    The EuroCirCol (http://cern.ch/eurocircol) kick-off event at CERN on June 2-4 brought together 62 participants to constitute governance bodies, commit to the project plan and align the organisation, structures and processes of 16 institutions from 10 countries. The goal of the project is to conceive a post-LHC research infrastructure around a 100 km circular energy-frontier hadron collider capable of reaching 100 TeV collisions. The project officially started on June 1 and will run for four years. The total estimated budget of 11.2 million Euros includes a 2.99 million Euro contribution from the Horizon 2020 programme on developing new world-class research infrastructures (http://cordis.europa.eu/project/rcn/194962_en.html).

  10. Testing the Asymmetry of Shocks with Euro Area

    Directory of Open Access Journals (Sweden)

    Marius-Corneliu MARINAŞ

    2012-01-01

    Full Text Available The objective of this study is to identify the demand and supply shocks affecting 13 EU member states and to estimate their degree of correlation with the Euro area shocks. This research ensures identifying the asymmetry of shocks degree with the monetary union, depending on which it’s judging the desirability of adopting a single currency. The analysis is also useful for the economies outside the Euro area, because they are strongly commercial and financial integrated especially with the core economies from union. Applying the Blanchard and Quah methodology to estimate the shocks in the period from 1998:1- 2010:3, I have found a weak and negative correlation between demand shocks and a medium to high correlation of the supply shocks. The results obtained suggest the presence of a structural convergence process with the Euro area, in the context of domestic macroeconomic policies rather different, both inside and outside the monetary union.

  11. Euro area enlargement: dilemmas and strategies after the crisis

    Directory of Open Access Journals (Sweden)

    Mărginean, S.

    2010-12-01

    Full Text Available The main challenges for the New Member States after joining the European Union were Euro adoption and dealing with the economic crisis. This paper explores the impact of the economic crisis on the New Member States of European Union, both to the four NMS countries that joined the euro area, and also for the eight countries which intend to do this in the next few years. The paper begins with an overview of the current situation and analyses the economic performance of the 12 NMS of EU based on the Maastricht Treaty criteria. Finally, we are considering an answer he question: is it necessary to reshape the Euro – area entry rules?

  12. In or Out: The Effect of Euro Membership on the Exercise of Real Business Options

    DEFF Research Database (Denmark)

    Aabo, Tom; Pantzalis, Christos

    2011-01-01

    This empirical study of manufacturing firms (NAICS 33) in the EU15 countries goes beyond the trade statistics that have indicated only a small to negligible effect from the introduction of the Euro and shows that the introduction of the Euro has made Euro firms (firms based in one of the twelve...... Euro countries) more inclined than non-Euro firms (firms based in one of the three non-Euro countries: UK, Sweden and Denmark) to undertake various forms of real actions (exercise real business options) such as to establish alliances / partnerships, to enter new markets / market segments, to switch...

  13. Phenomenon of Swiss banking

    OpenAIRE

    Milenković Ivan; Milenković Dragana

    2015-01-01

    Swiss banking is a 'generic name' for a system based on private banking and banking secrecy. In the introductory chapter we highlight the difference between Swiss banking and banking in the Switzerland's system. In the second chapter we present a more detailed description of the institution of banking secrecy, while in the third chapter we present the exceptions to it. The fourth chapter elaborates on the present and the future of Swiss banking. It is argued whether in the present circumstanc...

  14. Solar plan Mediterranean and Euro-Mediterranean energy integration; El plan solar Mediterraneo y la integracion energetica Euro-Mediterranea

    Energy Technology Data Exchange (ETDEWEB)

    Marin Quemada, J. M.; Escribano Frances, G.

    2010-07-01

    The Euro-mediterranean Partnership, the EU energy policy and the neighbourhood policy have shown their limits in fostering Euro-mediterranean energy integration. This article argues that an adequate design of the Mediterranean Solar Plan could offer a functioning driver for physical, and more importantly, normative integration of renewable energies that could subsequently ease the integration of conventional energies. In order to achieve such a result, it will be needed to develop well-defined and predictable regulatory mechanisms and institutional frameworks that facilitate investments. (Author) 33 refs.

  15. American Association of Tissue Banks

    Science.gov (United States)

    ... Brightest in Tissue Banking FIND AATB ACCREDITED TISSUE BANK INSTITUTIONS SEARCH STANDARDS FOR TISSUE BANKING ACCESS CERTIFIED TISSUE BANK SPECIALISTS (CTBS) MANAGE QDEW Workshop | Baltimore, MD Save ...

  16. Radiation sterilization of skin allograft

    Energy Technology Data Exchange (ETDEWEB)

    Kairiyama, E. [Comision Nacional de Energia Atomica, Centro Atomico Ezeiza, Presbitero Juan Gonzalez y Aragon No. 15, (B1802AYA) Ezeiza, Buenos Aires (Argentina)], E-mail: kairiyam@cae.cnea.gov.ar; Horak, C.; Spinosa, M.; Pachado, J. [Comision Nacional de Energia Atomica, Centro Atomico Ezeiza, Presbitero Juan Gonzalez y Aragon No. 15, (B1802AYA) Ezeiza, Buenos Aires (Argentina); Schwint, O. [J.P. Garrahan Hospital, Buenos Aires (Argentina)

    2009-07-15

    In the treatment of burns or accidental loss of skin, cadaveric skin allografts provide an alternative to temporarily cover a wounded area. The skin bank facility is indispensable for burn care. The first human skin bank was established in Argentina in 1989; later, 3 more banks were established. A careful donor selection is carried out according to the national regulation in order to prevent transmissible diseases. As cadaveric human skin is naturally highly contaminated, a final sterilization is necessary to reach a sterility assurance level (SAL) of 10{sup -6}. The sterilization dose for 106 batches of processed human skin was determined on the basis of the Code of Practice for the Radiation Sterilization of Tissue Allografts: Requirements for Validation and Routine Control (2004) and ISO 11137-2 (2006). They ranged from 17.6 to 33.4 kGy for bioburdens of >10-162.700 CFU/100 cm{sup 2}. The presence of Gram negative bacteria was checked for each produced batch. From the analysis of the experimental results, it was observed that the bioburden range was very wide and consequently the estimated sterilization doses too. If this is the case, the determination of a tissue-specific dose per production batch is necessary to achieve a specified requirement of SAL. Otherwise if the dose of 25 kGy is preselected, a standardized method for substantiation of this dose should be done to confirm the radiation sterilization process.

  17. Radiation sterilization of skin allograft

    Science.gov (United States)

    Kairiyama, E.; Horak, C.; Spinosa, M.; Pachado, J.; Schwint, O.

    2009-07-01

    In the treatment of burns or accidental loss of skin, cadaveric skin allografts provide an alternative to temporarily cover a wounded area. The skin bank facility is indispensable for burn care. The first human skin bank was established in Argentina in 1989; later, 3 more banks were established. A careful donor selection is carried out according to the national regulation in order to prevent transmissible diseases. As cadaveric human skin is naturally highly contaminated, a final sterilization is necessary to reach a sterility assurance level (SAL) of 10 -6. The sterilization dose for 106 batches of processed human skin was determined on the basis of the Code of Practice for the Radiation Sterilization of Tissue Allografts: Requirements for Validation and Routine Control (2004) and ISO 11137-2 (2006). They ranged from 17.6 to 33.4 kGy for bioburdens of >10-162.700 CFU/100 cm 2. The presence of Gram negative bacteria was checked for each produced batch. From the analysis of the experimental results, it was observed that the bioburden range was very wide and consequently the estimated sterilization doses too. If this is the case, the determination of a tissue-specific dose per production batch is necessary to achieve a specified requirement of SAL. Otherwise if the dose of 25 kGy is preselected, a standardized method for substantiation of this dose should be done to confirm the radiation sterilization process.

  18. Skin Biopsy

    Science.gov (United States)

    ... The Procedure Safety Results en español Biopsia de piel What Is a Skin Biopsy and Who Would ... skin infections, such as staph diseases, such as cancer other medical problems that may affect the skin, ...

  19. Survival after major cardiac surgery: performance and comparison of predictive ability of EuroSCORE II and logistic EuroSCORE in a sample of Mediterranean population.

    Science.gov (United States)

    Arnáiz-García, María Elena; González-Santos, Jose María; López-Rodríguez, Javier; Dalmau-Sorlí, María José; Bueno-Codoñer, María; Arévalo-Abascal, Adolfo

    2014-06-01

    The European System for Cardiac Operative Risk Evaluation (EuroSCORE) II has been recently introduced to improve mortality prediction in cardiac surgery. We compare the predictive ability of the new EuroSCORE II with that of the original logistic EuroSCORE and we made an evaluation of a sample of our population submitted to major cardiac surgery in the context of a Mediterranean country. Predicted and observed mortality were recorded in 1,200 consecutive patients undergoing major cardiac surgery at our institution with both logistic EuroSCORE and EuroSCORE II. Patients were grouped according to type of surgery: isolated valvular (n = 538), isolated coronary (n = 322), combined (n = 192), and miscellaneous (n = 148). Predictive capacity of both scales was compared for overall population and for each group in terms of calibration and discrimination using the observed by expected mortality rate, Hosmer-Lemeshow test, and C-statistic. Overall mortality was 6.8%, whereas that predicted by logistic EuroSCORE and EuroSCORE II was 9.7 and 3.7%, respectively. Mortality in our population was higher than mortality expected according to the original EuroSCORE II database. For all groups included in our population, logistic EuroSCORE overestimated mortality and EuroSCORE II underestimated the outcome even more. However, EuroSCORE II showed better calibration than logistic EuroSCORE for overall, valvular, and combined surgery. In contrast, logistic EuroSCORE demonstrated better calibration for coronary surgery. Discrimination capacity was good for both risk scores, but it was superior for logistic EuroSCORE than for EuroSCORE II in all considered subgroups unless combined surgery. Mortality in our population was higher than the mortality that would have been expected by the new EuroSCORE II analysis. Although EuroSCORE II has good calibration and discrimination capacity, both are worse than those demonstrated by logistic EuroSCORE. Forthcoming evaluations are

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

    NARCIS (Netherlands)

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

    2017-01-01

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

  1. The impact of the Euro on securities markets | Duplat | Securities ...

    African Journals Online (AJOL)

    The impact of the Euro on securities markets. J-L Duplat. Abstract. No Abstract. Securities Market Journal Vol. 10 (2) 2005: pp. 42-44. Full Text: EMAIL FULL TEXT EMAIL FULL TEXT · DOWNLOAD FULL TEXT DOWNLOAD FULL TEXT. Article Metrics. Metrics Loading ... Metrics powered by PLOS ALM

  2. The Euro Changeover and Price Adjustments in Italy

    OpenAIRE

    Caporale, Guglielmo Maria; Girardi, Alessandro; Ventura, Marco

    2011-01-01

    By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a detrimental effect on the competitiveness of the Italian economy.

  3. EuroCirCol: A key to New Physics

    CERN Multimedia

    Johannes Gutleber

    2015-01-01

    Monday 1 June saw the start of EuroCirCol, the EC-funded part of the FCC study that will develop the conceptual design for an energy-frontier hadron collider.   Attendees at the EuroCirCol meeting at CERN. The EuroCirCol kick-off event at CERN on 2 to 4 June brought together 62 participants to constitute governance bodies, commit to the project plan and align the organisation, structures and processes of 16 institutions from 10 countries. The goal of the project is to conceive a post-LHC research infrastructure around a 100 km circular energy-frontier hadron collider capable of reaching 100 TeV collisions. The project officially started on 1 June and will run for four years. The total estimated budget of 11.2 MEUR includes a 2.99 MEUR contribution from the Horizon 2020 programme dedicated to the development of new world-class research infrastructures. EuroCirCol will deliver a design for a hadron collider as part of the broader Future Circular Collider (FCC) study. It will provide input to an...

  4. The agony of unemployment in the Euro Area

    Directory of Open Access Journals (Sweden)

    Ristanović Vladimir

    2014-01-01

    Full Text Available This paper looks at the evolution of the unemployment problem in the Euro Area. Our goal is to look at what are the roots of the unemployment problem and to devise reasons of the already chronic unemployment problem. We show the main factors that prolong the agony of unemployment and whether it is likely that in the near future, the problem of unemployment in the Euro Area will bi past. In the Euro Area we follow the analysis of basic macroeconomic indicators of balance in an economy - GDP, inflation and unemployment. We consider whether the monetary strategy of inflation targeting has contributed to the unemployment problem, by reducing the potential output, but also to confirm that within the current global crisis there are some deviations from the theoretical concepts of basic macroeconomic relationships - Okun's law and the Phillips curve. We show that only Germany, with a 'small' sacrifice, can save the real sector in the peripheral Mediterranean countries, as well as in the entire Euro Area.

  5. Has the euro affected the choice of invoicing currency?

    NARCIS (Netherlands)

    Ligthart, J.E.; Werner, S.E.V.

    2012-01-01

    We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency invoicing. Our approach uses a compositional multinomial logit model, in which currency choice is explained by both currency-specific and country-specific determinants. We use unique

  6. Overview of the ECOWAS & Single Currency: Lessons from the Euro ...

    African Journals Online (AJOL)

    ECOWAS has made little progress towards the realization of true monetary union since the institution of the West African Clearing House 25 years ago. The author points to the performance of the Euro following its introduction in Europe in January 1999, and highlights the factors that may bring ECOWAS to a quicker ...

  7. Has the Euro Affected the Choice of Invoicing Currency?

    NARCIS (Netherlands)

    Ligthart, J.E.; Werner, S.E.V.

    2010-01-01

    We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the currency and the country. We use unique quarterly panel data

  8. Bosnia and Herzegovina’s Euro-Atlantic Integrations

    Directory of Open Access Journals (Sweden)

    Nataša Filipović

    2016-07-01

    Full Text Available The objective of this research paper is to highlight reasons of Bosnia and Herzegovina’s slow progress on its Euro-Atlantic path, in order to propose a final solution. The importance of this issue is relevant particularly now, because on the one hand, Bosnia and Herzegovina submitted its official application to join the European Union in February 2016, and on the other hand, it has been blocked since April 2010 on its NATO integration path due to the Dayton Peace Agreement Constitution’s paradoxes and historical disagreements. Many authors have previously written about Bosnia and Herzegovina’s Euro-Atlantic Integrations but not many of them published academic works after the Bosnian formal application for the European Union membership, which represents an important step for this post-war country. The main approach used is analytical; which includes academic research and understanding of Bosnian contemporary history as a root of current political, economic and social crisis. Finally, the result is that Bosnia and Herzegovina’s progress is not satisfactory and moreover, the only solution for the future of Euro-Atlantic Integrations is a reform of its current Constitution, but equally a change of the international community’s attitude towards Bosnia and Herzegovina. This paper aims to contribute to further academic research in the field of international relations regarding future integration of the Western Balkans in the Euro-Atlantic bloc.

  9. Baltic universities build on EuroFaculty's foundations / Gustav Kristensen

    Index Scriptorium Estoniae

    Kristensen, Gustav

    2005-01-01

    Balti Nõukogu eestvedamisel EuroFaculty programmi raames on pärast taasiseseisvumist Balti riikide ülikoolides asutatud Euroteaduskondi. 13 aastat kestnud programmi eesmärgiks oli valmistada riike ette Euroopa Liiduga liitumiseks ja anda majandus-, poliitika- ja õigusalast haridus

  10. The Single Supervisory Mechanism: the Building Pillar of the European Banking Union

    Directory of Open Access Journals (Sweden)

    Luigi Chiarella

    2016-07-01

    Full Text Available One of the lessons learned from the 2008 financial crisis is that when a bank in Europe goes into trouble the ensuing effects can reach far beyond the immediate threat to its depositors and shareholders. In particular, the crisis has revealed the extent to which irresponsible behavior in the banking sector could undermine the foundations of the financial system and threaten the real economy, turning a banking crisis into a sovereign debt crisis as occurred in the eurozone in 2011. In response to this lesson, Member States first tried to address the systemic fragility of their banking systems through national policy tools, but countries that share a common currency and are more interdependent required more integrated responses. Therefore, at the euro area summit in June 2012, the European Council agreed to break the vicious circle between banks and sovereign debt and decided to create a banking union that would allow a centralized supervision for banks in the euro area through a newly established Single Supervisory Mechanism (SSM and a centralized resolution scheme. The SSM became operational in November 2014 and represents the building pillar of the banking union. The purpose of this paper is then to provide, after a brief description of the background (Par. 1, an analysis of the Single Supervisory Mechanism, illustrating its functioning (Par. 2, then focusing on the position and the powers of the ECB within it (Par. 3 and finally pointing out some remarks on the potential weaknesses of the new regime (Par. 4.

  11. ASSESSMENTS OF THE DEGREE OF ADOPTION OF THE EURO IN ROMANIA

    National Research Council Canada - National Science Library

    Manuela Nita

    2014-01-01

      The changeover to euro is an older objective of Romania, but whose implementation has suffered numerous delays depending on the degree of economic integration with the euro area and the fulfilment...

  12. IS THE ESTONIAN MODEL APPLICABLE TO ROMANIAN ECONOMY IN ADOPTING THE EURO?

    National Research Council Canada - National Science Library

    I Radu; M-L Ciupac-Ulici; A Petcu

    2013-01-01

    .... Since the Euro adoption process is a controversial one, in this paper the authors aim to express their concerns regarding the major changes driven from other member states of the Euro Area, i.e. the Estonian model...

  13. Euro crisis or public debt crisis? With a remedy for the latter case

    National Research Council Canada - National Science Library

    Mario Sarcinelli

    2012-01-01

    .... The 'great moderation' that had kept the euro sheltered from the storms proved a boon, because it granted the currency the status of a sound asset, but it was also a bane because it had led euro...

  14. ADOPTING THE EURO: ROMANIAN PERSPECTIVES IN THE CONTEXT OF THE GLOBAL FINANCIAL CRISIS

    National Research Council Canada - National Science Library

    A Oros; P O'Sullivan

    2013-01-01

    .... The study was conducted considering the relative situation with the euro area. The main finding is that the actual target for euro adoption could be complied with, provided further progress is made...

  15. Poland’s Public Finance Convergence with the Euro Area

    Directory of Open Access Journals (Sweden)

    Elżbieta Kawecka-Wyrzykowska

    2013-06-01

    Full Text Available Situation of Poland's public finances has been improving. Helped by solid economic growth in 2011, Poland has reduced its budget deficit in line with the Commission's recommendations. Contrary to earlier forecasts, in 2012 it was slightly above the ceiling of 3% of GDP. It should be further reduced to reach in 2015 the level of 1% of GDP in terms structural deficit. The slowdown of the economy in 2012 and probably in 2013 will not make this task easy, however.Public debt has risen steadily over the past few years but level has been in recent times still well below the 60% of GDP ceiling.The national reform programme and the convergence programme were adopted by Poland’s Council of Ministers on 25 April 2012. The convergence programme outlined in an integrated manner the fiscal consolidation efforts, the key structural reforms and the reforms that underpin macroeconomic stabilisation.In the medium to long term, Poland is faced with a number of challenges. A very low labour force participation rate, in particular of women, and the poor quality of vocational training and education are major concerns given an ageing population. The low level of public and private R&D spending, weak links between science and industry and the poor innovation performance call for improvements.Apart from programme of national reforms, crucial for future sustained economic growth and good performance of public finances, an additional factor stimulating activities towards fiscal improvement should be Poland’s participation in a strengthened economic governance architecture recently introduced in the EU.Euro adoption remains an important goal of Polish government. The uncertain situation in the euro zone has, however, postponed adoption of a clear timetable of joining the euro zone. The government decided that an additional condition to join the euro zone, apart from meeting the nominal convergence criteria (and legal conditions not discussed here, is stabilisation of

  16. Menu Costs at Work: Restaurant Prices and the Introduction of the Euro

    OpenAIRE

    Hobijn, Bart; Ravenna, Federico; Tambalotti, Andrea

    2005-01-01

    Restaurant prices in the euro area saw an unprecedented increase after the introduction of the euro. We use an extension of commonly used models of sticky prices and argue that the increase in restaurant prices can be explained by menu costs. The extension we use involves the state-dependent decision of firms about when to adopt the euro. Two main mechanisms drive the result. First, our model concentrates otherwise staggered price increases around the introduction of the euro. Second, before ...

  17. Validación de EuroSCORE II en España

    Directory of Open Access Journals (Sweden)

    Antonio García-Valentín

    2014-10-01

    Conclusiones: Los pacientes españoles presentan un perfil de riesgo alto. La mortalidad cruda es aceptable, más cercana al valor de EuroSCORE II que de EuroSCORE. Ambas escalas muestran mala calibración, EuroSCORE por sobreestimación y EuroSCORE II por infraestimación. El área bajo la curva ROC muestra buena discriminación para ambos modelos.

  18. Bank failures in banking panics: Risky banks or road kill?

    OpenAIRE

    Gerald P. Dwyer; R. W. Hafer

    2001-01-01

    Are banks that fail in banking panics the riskiest ones prior to the panics? The free banking era in the United States provides useful data to examine this question because the assets held by the banks were traded at the New York Stock Exchange. The authors estimate the ex ante riskiness of a bank’s portfolio by examining the portfolio relative to mean-variance frontiers and by examining the bank's leverage and notes relative to assets. The authors find that the ex ante riskiness of a bank’s ...

  19. Essays on relationship banking

    NARCIS (Netherlands)

    Yu, Y.

    2014-01-01

    This dissertation consists of three essays on relationship banking. The first chapter introduces the whole thesis. The second chapter studies how professional connections between firm and bank influence their banking relationships. Particularly, by focusing on the directors’ past employment with

  20. Euros(c)eptic - The Theory of the Optimum Currency Area and the Practice of the Euro

    National Research Council Canada - National Science Library

    Annamária Artner; Péter Róna

    2012-01-01

    .... The original the optimum currency area ("OCA") theory appears to have been valid, and the departure from it, as embodied in the Maastricht Treaty, amounted to an unjustified departure in light of the experience of the five weak countries of the euro...

  1. Detailed investigations and real-world emission performance of Euro 6 diesel passenger cars

    NARCIS (Netherlands)

    Kadijk, G.; Mensch, P. van; Spreen, J.S.

    2015-01-01

    A study conducted on behalf of the Dutch Ministry of Infrastructure and the Environment reveals that NOx emissions of a number of tested Euro 6 diesel passenger vehicles are significantly higher under real-world conditions than would be expected on the basis of the Euro 6 standard. The Euro 6

  2. The Vocal Euro-outsider: The UK in a Two-speed Europe

    DEFF Research Database (Denmark)

    Adler-Nissen, Rebecca

    2016-01-01

    The EU is divided between member states that have adopted the euro and those that have not. This article looks at the issue of differentiated integration with particular reference to eurozone integration and the euro-outsiders. I explore the recent public debate in the UK on euro-outsiderness, co...

  3. Banking governance: New Approaches

    Directory of Open Access Journals (Sweden)

    Victor Mihăiţă Duţă

    2016-11-01

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

  4. Internet Banking integration within the banking system

    Directory of Open Access Journals (Sweden)

    Constantin Marian MATEI

    2008-01-01

    Full Text Available Internet Banking developed due to increasing demand of online banking transactions. The biggest advantages of Internet Banking consist of complex banking solutions, 24 hours availability, quick and secure access to the back-end application through Internet. These advantages are due to the use of SOA (service-oriented architecture. SOA appeared as a necessity of companies to integrate big and independent portions of applications, in order to obtain an homogeneous functionality of the system. For the Internet Banking applications, SOA proved to be the optimal architectural solution, for a smoth integration between banking services from the front-end to the back-end.This paper intend to offer an insite analyse of the Internet Banking applications architecture integrated with other banking systems. A SOA oriented analyse will establish the scope of the integration architecture.

  5. Le emissioni delle banche italiane sull’euromercato (The Eurobond Issues of Italian Banks

    Directory of Open Access Journals (Sweden)

    Paolo Emilio Mistrulli

    2003-12-01

    Full Text Available After the launch of the single European currency banks of the main euro-area countries have increasingly issued bonds on the Euromarket. In this paper, I investigate the determinants of Italian banks' recourse to international capital markets. I find that, other things being equal, domestic market conditions affect the choice whether to issue Eurobonds. In particular, the econometric analysis highlights that those banks, which are more prone to issue bonds on the Euromarket, are more exposed to liquidity risks and are less specialized in raising deposits on specific domestic submarkets.

  6. Green banking

    Directory of Open Access Journals (Sweden)

    Maja Drobnjaković

    2013-06-01

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

  7. E-BANKING- MODERN BANKING SERVICES

    Directory of Open Access Journals (Sweden)

    MIRANDA PETRONELLA VLAD

    2009-05-01

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

  8. Tissue Banking: Current procedures, ethical consideration and ...

    African Journals Online (AJOL)

    Tissue banking provides safe and effective cells and tissues for transplantation in reconstruction surgery. Bone, amnion, skin, cartilage, heart valves and xenograft tissues are the most commonly used biological tissues. Acquisition of tissue is dependent on elaborate donor screening criteria based on medical and social ...

  9. Dealing with the vulnerability of the Italian banking system

    Directory of Open Access Journals (Sweden)

    Elisabetta Montanaro

    2017-12-01

    Full Text Available The major vulnerabilities of the Italian banking system are the overhang of NPLs and low profitability. Differently from the attention given to excesses of NPLs, the profitability problem is normally considered to be a matter to be left to bank management and not an area of explicit direct regulatory action. Although focusing on capital requirements, regulators and supervisors seldom pose the question of where capital comes from. Using a large sample of 410 Italian domestic banking groups and individual banks, we propose an NPL stress test and a viability test that show: that the system’s vulnerability is a widespread phenomenon; that a further recapitalisation of around ten billion euro is necessary; and that, more importantly, limiting interventions to the overhang problem does not put the majority of Italian banks into a viability path due to the inefficiencies coming from their current business models. The analysis of the Italian case strengthens the critique of current regulation and supervision because, not focusing on bank profitability, they do not avoid threats on solvency coming from the accumulation of NPLs. We thus argue that the structural changes necessary to put the Italian banking system into a viable path require new regulatory and supervisory approaches.

  10. The Euro Zone Sovereign Debt Crisis and Potential Solutions

    Directory of Open Access Journals (Sweden)

    Simona Moagăr-Poladian

    2011-07-01

    Full Text Available The debt sustainability is a challenging problem to some Eurozone countries, being a reflection of a high rate of unbalanced financial sector. The public debt crisis has already delayed the economic growth of certain countries and will cause unpleasant effects in the near future. Programmes of fiscal consolidation have been applied in each of Eurozone countries, focussed primarily on the banking system in order to prevent banks from bankruptcy. The main objective of the European Commission is to strengthen the trust in the European banking system. The proposals have been oriented toward increasing banking capital on future in concordance to Basel III agreement. By creating of a new governance framework and a new Single Regulatory Act for the whole European banking system it would stimulate the consolidation of the whole banking system from EU.

  11. [Aged skin and skin care].

    Science.gov (United States)

    Proksch, E

    2015-06-01

    Aged skin is the sum of chronological und UV-induced aging. Light-exposed skin is unattractive, with irregular pigmentation, roughness und scaliness. The skin is often dry and itches. The present paper provides an overview of diseases of aging skin and describes how to prevent or reduce disease by prophylactic and therapeutic skin care. Aged skin can develop into several skin diseases, e.g., different types of eczema and skin cancer. In the body folds we often find an irritant contact eczema caused by friction from skin to skin, sweating, and urinary and fecal incontinence. In the bedridden, bed sores can also develop. Furthermore, there is a delay in wound healing owing to old age. Use of adequate creams and ointments is very helpful in preventing and improving most skin diseases of mature skin. However, the knowledge of aged people and healthcare professionals about the importance of skin care is low. Older people are often unable to care for their skin because they are lacking the physical and mental ability. Healthcare professionals are not sufficiently trained about the value of proper skin care. Adequate studies on the role of skin care and selection of the correct preparation in various aged-related diseases are lacking.

  12. «EURO 2008» - EUROPEAN FOOTBALL CHAMPIONSHIPS

    CERN Multimedia

    2007-01-01

    The Permanent Mission of Switzerland wishes to alert CERN to the potential impact of the three football matches to be staged at Geneva’s La Praille Stadium on 7, 11 and 15 June 2008 as part of the "Euro 2008" European Football Championships: hotel capacity and air, rail and road infrastructures will be heavily in demand, special security and transportation measures commensurate with the exceptional nature of this event will be put in place by the relevant authorities. The Mission recommends that these circumstances should be taken into account in the planning of meetings or other events which may take place over this period, and in particular that necessary hotel bookings be made as far in advance as possible. Further information can be found at the following website: http://www.geneve.ch/euro2008/ Relations with the Host States Service Tel.: 72848 relations.secretariat@cern.ch www.cern.ch/relations

  13. «EURO 2008» - European Football Championships

    CERN Multimedia

    DSU Department

    2008-01-01

    The Permanent Mission of Switzerland wishes to alert CERN to the potential impact of the three football matches to be staged at Geneva’s La Praille Stadium on 7, 11 and 15 June 2008 as part of the "Euro 2008" European Football Championships: hotel capacity and air, rail and road infrastructures will be heavily in demand, special security and transportation measures commensurate with the exceptional nature of this event will be put in place by the relevant authorities. The Mission recommends that these circumstances should be taken into account in the planning of meetings or other events which may take place over this period, and in particular that necessary hotel bookings be made as far in advance as possible. Further information can be found at the following website: http://www.geneve.ch/euro2008/ Relations with the Host States Service Tel.: 72848 mailto:relations.secretariat@cern.chhttp://www.cern.ch/relations

  14. BBC VERSUS EURO NEWS: DISCOURSE AND IDEOLOGY IN NEWS TRANSLATION

    Directory of Open Access Journals (Sweden)

    Hosseini, F.

    2016-09-01

    Full Text Available The present study aimed to compare discursive strategies employed by two international news agencies including Euro News and BBC. Van Dijk’s (2004 model of CDA was adopted. Thirty pieces of news about internal affairs of Iran together with their Persian translations were downloaded from the corresponding website, i.e. 30 pieces of English news and their corresponding Persian translations from the Euro News website and 30 pieces of English news with their corresponding translations from the BBC website. The frequency of lexical items was observed to not differ significantly. Two sets of translations were compared to their source texts based on four discursive strategies of hyperbole, polarization, vagueness and euphemism. An independent-samples t-test was conducted to compare the frequency of strategies applied by the two news agencies. Results revealed no significant difference between the two agencies except for the discursive strategy of vagueness.

  15. L’euro ou l’oubli de la politique

    OpenAIRE

    Lordon, Frédéric; Lamarche, Thomas; Ahmed, Pepita Ould; Ponsot, Jean-François

    2015-01-01

    RR : Selon vous, quelle est la nature de la crise actuelle de l’euro ? S’agit-il d’une crise liée à une politique monétaire ou à un taux de change inapproprié ? Ou bien, plus fondamentalement, s’agit-il d’une crise monétaire structurelle, essentielle et politique ? Frédéric Lordon : D’emblée, donc, la question fondamentale ! Il n’y aurait rien de pire, en effet, que la vue exclusivement, étroitement économiciste sur la crise de l’euro. Assurément, cette vue a-t-elle sa part de pertinence. Ell...

  16. How Far Along is Euro Adoption in the Czech Republic? Benefits for Businesses Still Remain

    Directory of Open Access Journals (Sweden)

    Mojmír Helísek

    2013-03-01

    Full Text Available The objective of the paper is to assess the reasons for the current negative position of the Czech Government towardeuro adoption and to find out whether the expected benefits of euro adoption for Czech companies still remain. Thepostponement of euro adoption in the Czech Republic has mainly been caused by the current problems of the euroarea. The benefits arising from euro adoption are subject to the reduction of the exchange rate volatility and of thetransaction costs, whereas they also depend on the degree of integration with the euro area. These benefits may stillbe expected – neither the financial crisis nor the economic recession has affected them. The integration of the Czecheconomy with the euro area is high and still growing. Therefore, euro adoption will lead to the stimulation of mutual tradeof the Czech Republic and the euro area.

  17. Euro area Inflation as a Predictor of National Inflation Rates

    OpenAIRE

    Cavallo, Antonella; Ribba, Antonio

    2013-01-01

    The stability of inflation differentials is an important condition for the smooth working of a currency area, such as the European Economic and Monetary Union. In the presence of stability, changes in national inflation rates, while holding Euro-area inflation fixed contemporaneously, should be only transitory. If this is the case, the rate of inflation of the whole area can also be interpreted as a predictor, at least in the long run, of the different national inflation rates. However, in th...

  18. The euro zone crisis: What would John Maynard do?

    OpenAIRE

    Ehnts, Dirk

    2016-01-01

    In his letter to US President Franklin D. Roosevelt Keynes (1933) wrote about "the technique of recovery itself". An increase in output is brought about by an increase in purchasing power, Keynes argues, which can come from three sectors: households, firms and government. Using the IS/MY macroeconomic model developed by Ehnts (2014), which features sectoral balances and endogenous money, the situation of some euro zone members is examined with a focus on the three techniques of recovery: incr...

  19. Flussi migratori, religione e diritto nella polis euro-mediterranea

    OpenAIRE

    Freni, Fortunato

    2012-01-01

    Contributo sottoposto a valutazione SOMMARIO: 1. L’incremento dell’immigrazione in Europa nell’attuale contesto politico e religioso - 2. La “Primavera araba” e le tensioni afferenti alla libertà religiosa nei nuovi equilibri geopolitici - 3. Gli odierni fermenti culturali e giuridici nell’Islam mediterraneo - 4. La prospettiva di una laicità inclusiva euro-mediterranea avverso gli esclusivi schemi “mondialatinizzanti” - 5. Il ruolo dell’Europa nel bacino del Mediterraneo - 6. Alcuni strum...

  20. BUILDING A BANKING UNION IN THE EUROPEAN UNION – A SOLUTION TO THE FINANCIAL CRISIS?

    Directory of Open Access Journals (Sweden)

    Monica (ŞAGUNA FIGHIROAE

    2015-07-01

    Full Text Available The financial crisis of 2008 highlighted the need for a deeper integration of the banking system, as a warranty to support long-term financial stability. It was argued that the grounds of the crisis lie also in an uncoordinated national response to the failure of banks, in a fragmentation of the Single Market in lending and funding and, therefore, a better regulation and supervision of the financial sector can ensure financial stability and growth in the European Union. In order to restore the proper functioning of the internal market and to avoid future crisis, the European Commission launched a set of initiatives, in order to assure a safer and sounder financial sector for the single market; are included here: stronger prudential requirements for banks, improved depositor protection and rules for managing failing banks and a single rulebook for all the 28 Member States of the European Union. The single rule book is the step towards the Banking Union sits. The banking union consists of three pillars: a Single Supervisory Mechanism, a Single Resolution Mechanism and a joint deposit-insurance scheme. As on 4 November 2014 the European Central Bank assumed responsibility for euro area banking supervision, the Banking Union is still under construction. In this framework, the purpose of my paper is to analyse the process of building a Banking Union in Europe. Therefore, the objectives of my paper are to explore the steps to fulfilling a real integration of the European banking system, as a solution to the financial crisis.

  1. Bank Resolution in Europe

    DEFF Research Database (Denmark)

    N. Gordon, Jeffery; Ringe, Georg

    2015-01-01

    Bank resolution is a key pillar of the European Banking Union. This column argues that the current structure of large EU banks is not conducive to an effective and unbiased resolution procedure. The authors would require systemically important banks to reorganise into a ‘holding company’ structure...

  2. Essays on banking

    NARCIS (Netherlands)

    Tumer-Alkan, G.

    2008-01-01

    The banking literature documents various roles for banks in financial systems. Banks are both ‘liquidity providers’ and ‘information producers’. Banks are especially important for small and medium-size enterprises and represent these firms' principal source of external finance. Hence, the banks’

  3. The Process towards the Centralisation of the European Financial Supervisory Architecture: The Case of the Banking Union

    Directory of Open Access Journals (Sweden)

    Elisabetta Montanaro

    2016-06-01

    Full Text Available The evolution of the EU supervisory architecture has demonstrated that it took the risk of a euro break-up to barely overcome the Member States and their supervisors’ political resistances to centralisation. In the two-tier Europe that is emerging after the euro crisis, the integrity of the single market seems today crucially interlinked with the success of the banking union and its attractiveness for non-euro countries. The banking union’s design, without a credible common fiscal backstop, remains however a partial solution to the financial stability issues arising from the fragmentation of the EU financial market in the event of banking crises. Against this background, this work performs an analysis on non-euro countries’ own assessments of the pros and cons of joining the banking union. The analysis aims at showing that until fiscal responsibility for financial stability remains at the national level, regulatory centralisation cannot sever the traditional divide between home and host supervisors. JEL: F35; F65; G01; G28

  4. 12 CFR 583.3 - Bank.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Bank. 583.3 Section 583.3 Banks and Banking... AND LOAN HOLDING COMPANIES § 583.3 Bank. The term bank means any national bank, state bank, state-chartered savings bank, cooperative bank, or industrial bank, the deposits of which are insured by the...

  5. Skin Infections

    Science.gov (United States)

    ... Abscess Cellulitis Taking Care of Your Skin Abscess Impetigo Ringworm Cellulitis Should I Pop My Pimple? Tips for Taking Care of Your Skin Impetigo Paronychia Pityriasis Rosea Abscess Contact Us Print Resources ...

  6. Skin Aging

    Science.gov (United States)

    ... too. Sunlight is a major cause of skin aging. You can protect yourself by staying out of ... person has smoked. Many products claim to revitalize aging skin or reduce wrinkles, but the Food and ...

  7. Skin Dictionary

    Science.gov (United States)

    ... benefits Become a member DermCare Team Professionalism and ethics My account Member directory Publications JAAD JAAD Case ... SkinPAC State societies Scope of practice Truth in advertising Public and patients SPOT Skin Cancer™ Community programs & ...

  8. Sagging Skin

    Science.gov (United States)

    ... Hands Age Spots Aging Skin Birthmarks Burn Scars Cellulite Crow's Feet Droopy Eyelids Excess Fat Excessive Sweating ... Hands Age Spots Aging Skin Birthmarks Burn Scars Cellulite Crow's Feet Droopy Eyelids Excess Fat Excessive Sweating ...

  9. Skin Pigment

    Science.gov (United States)

    ... Summer Camp Tips for Kids With Asthma, Allergies Antioxidants: The Good Health Helpers As Stroke 'Liquefies' Brain ... Skin Cancer Additional Content Medical News Overview of Skin Pigment By Shinjita Das, MD, Instructor in Dermatology; ...

  10. Skin Cancer

    Science.gov (United States)

    Skin cancer is the most common form of cancer in the United States. The two most common types ... face, neck, hands, and arms. Another type of skin cancer, melanoma, is more dangerous but less common. Anyone ...

  11. Your Skin

    Science.gov (United States)

    ... and a little waterproofing. previous continue Skin Can Warm and Cool You Your skin can help if you're feeling too hot or too cold. Your blood ... you're ice-skating or sledding? When you're cold, your blood vessels keep your ... and keeping the warm blood away from the skin's surface. You might ...

  12. Pengelolaan Likuiditas Bank Syariah

    Directory of Open Access Journals (Sweden)

    Nurul Ichsan

    2014-01-01

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

  13. Health system costs of skin cancer and cost-effectiveness of skin cancer prevention and screening: a systematic review.

    Science.gov (United States)

    Gordon, Louisa G; Rowell, David

    2015-03-01

    The objective of this study was to review the literature for malignant melanoma, basal and squamous cell carcinomas to understand: (a) national estimates of the direct health system costs of skin cancer and (b) the cost-effectiveness of interventions for skin cancer prevention or early detection. A systematic review was performed using Medline, Cochrane Library and the National Health Service Economic Evaluation Databases as well as a manual search of reference lists to identify relevant studies up to 31 August 2013. A narrative synthesis approach was used to summarize the data. National cost estimates were adjusted for country-specific inflation and presented in 2013 euros. The CHEERS statement was used to assess the quality of the economic evaluation studies. Sixteen studies reporting national estimates of skin cancer costs and 11 cost-effectiveness studies on skin cancer prevention or early detection were identified. Relative to the size of their respective populations, the annual direct health system costs for skin cancer were highest for Australia, New Zealand, Sweden and Denmark (2013 euros). Skin cancer prevention initiatives are highly cost-effective and may also be cost-saving. Melanoma early detection programmes aimed at high-risk individuals may also be cost-effective; however, updated analyses are needed. There is a significant cost burden of skin cancer for many countries and health expenditure for this disease will grow as incidence increases. Public investment in skin cancer prevention and early detection programmes show strong potential for health and economic benefits.

  14. Bank, Banking System, Macroprudential Supervision, Stability of Banking System

    Directory of Open Access Journals (Sweden)

    Tetiana Vasilyeva

    2016-10-01

    Full Text Available Intensification of financial development during last decade causes transformation of banking sector functioning. In particular, among the most significant changes over this period should be noted the next ones: convergence of financial market segments and appearance of cross-sector financial products, an increase of prevailing of financial sector in comparison with real economy and level of their interdependent, an intensification of crisis processes in financial and especially banking sector and a significant increase of the scale of the crisis consequences etc. thus, in such vulnerable conditions it is become very urgent to identify the relevant factors that can influence on the stability of banking sector, because its maintenance seems to be one of the most important preconditions of the stability of the national economy as a whole. Purpose of the article is to analyze key performance indicators of the Ukrainian banking system, clarify its main problems, identify relevant factors of the stability of the Ukrainian banking system and the character of their influence on the dependent variable. Realization of the mentioned above tasks was ensured by regression analysis (OLS regression. Analysis of key indicators that characterize current situation in the Ukrainian banking system found out the existence of numerous endogenous and exogenous problems, which, in turn, cause worsening most of analyzed indicators during 2013-2015. Unfavorable situation in Ukrainian banking system determined the necessity of identification of relevant factors of banking system stability to avoid transmission of financial shocks. According to the results of regression analysis on the stability of banking sector positively influence such factors as increase of interest margin to gross income ratio, reserves to assets ratio, number of branches, ratio of non-performing loans to total loans. Meanwhile, negative impact on stability of banking system has an increase of liquid

  15. Outsourcing central banking

    DEFF Research Database (Denmark)

    Khoury, Sarkis Joseph; Wihlborg, Clas

    2005-01-01

    The literature on Currency Boards (CB) stops at the water edge in terms of dealing with the totality of the functions of a central bank. Monetary policy, and banking supervisioncan be "outsourced" in an open economy with substantial foreign direct investment (FDI)in the banking sector if political...... nationalism does not trump economic rationality. An orthodox CB renders the central banking function redundant in terms of interest rate and exchange rate determination. FDI in banking could perform the same role for the supervisory function of central banks. We use the case of Estonia to illustrate...

  16. Bank Syariah Sebagai Alternatif

    Directory of Open Access Journals (Sweden)

    Adang Sudjana

    2003-03-01

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

  17. Impact of cold temperature on Euro 6 passenger car emissions.

    Science.gov (United States)

    Suarez-Bertoa, Ricardo; Astorga, Covadonga

    2017-11-27

    Hydrocarbons, CO, NOx, NH3, N2O, CO2 and particulate matter emissions affect air quality, global warming and human health. Transport sector is an important source of these pollutants and high pollution episodes are often experienced during the cold season. However, EU vehicle emissions regulation at cold ambient temperature only addresses hydrocarbons and CO vehicular emissions. For that reason, we have studied the impact that cold ambient temperatures have on Euro 6 diesel and spark ignition (including: gasoline, ethanol flex-fuel and hybrid vehicles) vehicle emissions using the World-harmonized Light-duty Test Cycle (WLTC) at -7 °C and 23 °C. Results indicate that when facing the WLTC at 23 °C the tested vehicles present emissions below the values set for type approval of Euro 6 vehicles (still using NEDC), with the exception of NOx emissions from diesel vehicles that were 2.3-6 times higher than Euro 6 standards. However, emissions disproportionally increased when vehicles were tested at cold ambient temperature (-7 °C). High solid particle number (SPN) emissions (>1 × 1011 # km-1) were measured from gasoline direct injection (GDI) vehicles and gasoline port fuel injection vehicles. However, only diesel and GDI SPN emissions are currently regulated. Results show the need for a new, technology independent, procedure that enables the authorities to assess pollutant emissions from vehicles at cold ambient temperatures. Harmful pollutant emissions from spark ignition and diesel vehicles are strongly and negatively affected by cold ambient temperatures. Only hydrocarbon, CO emissions are currently regulated at cold temperature. Therefore, it is of great importance to revise current EU winter vehicle emissions regulation. Copyright © 2017 The Authors. Published by Elsevier Ltd.. All rights reserved.

  18. Germany's socio-economic model and the Euro crisis

    Directory of Open Access Journals (Sweden)

    Michael Dauderstädt

    2013-03-01

    Full Text Available Germany's socio-economic model, the "social market economy", was established in West Germany after World War II and extended to the unified Germany in 1990. During a prolonged recession after the adoption of the Euro in 1998, major reforms (Agenda 2010 were introduced which many consider as the key of Germany's recent success. The reforms had mixed results: employment increased but has consisted to a large extent of precarious low-wage jobs. Growth depended on export surpluses based on an internal real devaluation (low unit labour costs which make Germany vulnerable to global recessions as in 2009. Overall inequality increased substantially.

  19. Incidence of abacavir hypersensitivity reactions in euroSIDA

    DEFF Research Database (Denmark)

    Bannister, Wendy P; Friis-Møller, Nina; Mocroft, Amanda

    2008-01-01

    BACKGROUND: The aim of the study was to investigate the incidence of abacavir-related hypersensitivity reaction (HSR) and associated deaths in EuroSIDA HIV-1-infected patients. METHODS: Poisson regression models were developed to compare incidence of abacavir discontinuation according to the line...... in first-line therapy, which could indicate increased over-diagnosis. HSR incidence has decreased in recent years, which might reflect the wider availability of genetic screening and improved awareness of symptoms. There were no reported deaths due to abacavir HSR....

  20. Pressing the Reset Button in Euro-Mediterranean Security Relations?

    Directory of Open Access Journals (Sweden)

    Andre Barrinha

    2013-02-01

    Full Text Available Almost two decades after the Barcelona Declaration, the European Union (EU is still struggling to engage positively with its southern neighbours. Security has been the key concern in this relationship, with the EU putting forward a short-term agenda, often inconsistent with the policies, institutions and long-term goals of the Euro-Mediterranean Partnership. This article argues that the so-called Arab Spring has induced a soul-searching process within the European institutions that has opened the possibility for Brussels to reinvent its relations with the Middle East and North Africa countries, particularly in the field of security.

  1. Analisis Perbandingan Bank Umum Konvensional Dan Bank Umum Syariah

    OpenAIRE

    Nuryati; Gendis Gumilar, Amethysa

    2011-01-01

    This study analyzes and compares the financial risk of the two types of commercial banks, namely conventional commercial bank and Islamic commercial bank. Analysis tools used in this study is to use financial ratios and dicriminant values (Z values). Analysis showed that the ratio of liquidity and solvability ratios higher islamic commercial bank than conventional commercial bank. Z values higher islamic commercial bank than conventional commercial bank. The commercial banks are in a state of...

  2. Green Bank Observatory (GBO)

    Data.gov (United States)

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

  3. GenBank

    Data.gov (United States)

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

  4. Skin Diseases: Skin Health and Skin Diseases

    Science.gov (United States)

    ... a serious case, you might need medical help. Impetigo —A skin infection caused by bacteria. Usually the ... and form a thick crust. You can treat impetigo with antibiotics. Melanoma © 2008 Logical Images, Inc. Melanoma — ...

  5. ANALYSIS OF THE EFFECTS OF THE EURO CHANGEOVER ON THE INFLATION AFTER 2007

    OpenAIRE

    PATRIK BÖHM; GABRIELA BÖHMOVÁ; JANA GAZDÍKOVÁ

    2016-01-01

    In this paper we study the so-called changeover effect in six states that adopted Euro after 2007. We developed the new model for computation of the changeover effect. It is based on the comparison of the inflation in state that adopted Euro with average inflation in other states that are geographically near the evaluated state and have similar economics. To capture long-term impact of Euro introduction on inflation we monitored the inflation for 18 months: 6 months before Euro in...

  6. An Empirical Analysis of Romania’s Comovement with the Euro Zone

    Directory of Open Access Journals (Sweden)

    Nicolae Dardac

    2009-11-01

    Full Text Available In light of adopting the euro in the near future, it is important to asses to which extent the Romanian business cycle evolves in a similar fashion with that of the euro zone. The present study is an empirical investigation of the degree of business cycle synchronization between Romania and the euro area, based on macroeconomic series that capture the cyclical features of the two economies. The results indicate that the most recent period, characterized by major economic and financial turmoil, has lead to an increase of the degree of comovement between of the Romanian economy with that of the euro area.

  7. Fire Sale Bank Recapitalizations

    OpenAIRE

    Bertsch, Christoph; MARIATHASAN, Mike

    2015-01-01

    We develop a general equilibrium model of banks' capital structure, featuring heterogeneous portfolio risk and an imperfectly elastic supply of bank equity stemming from financial market segmentation. In our model, equity is costly and serves as a buffer against insolvency. Banks are ex-ante identical, but may need to recapitalize by selling equity claims after their portfolio risk becomes public knowledge. When the need to issue outside equity arises simultaneously in a large number of banks...

  8. Banking and Trading

    NARCIS (Netherlands)

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

    2016-01-01

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

  9. nigeria's banking sector reforms

    African Journals Online (AJOL)

    NESG PUBLICATIONS

    the Banks and Other Financial. Institutions Act of (BOFIA)1 1991 as amended, the CBN anchored the banking sector reform on a 13-point agenda involving (CBN, 2005: 16). Minimum bank capital base of N25 billion that must be met on or before 31st December, 2005: ♢. Consolidation through mergers and acquisition,.

  10. Preparing for Euro 2012: developing a hazard risk assessment.

    Science.gov (United States)

    Wong, Evan G; Razek, Tarek; Luhovy, Artem; Mogilevkina, Irina; Prudnikov, Yuriy; Klimovitskiy, Fedor; Yutovets, Yuriy; Khwaja, Kosar A; Deckelbaum, Dan L

    2015-04-01

    Risk assessment is a vital step in the disaster-preparedness continuum as it is the foundation of subsequent phases, including mitigation, response, and recovery. To develop a risk assessment tool geared specifically towards the Union of European Football Associations (UEFA) Euro 2012. In partnership with the Donetsk National Medical University, Donetsk Research and Development Institute of Traumatology and Orthopedics, Donetsk Regional Public Health Administration, and the Ministry of Emergency of Ukraine, a table-based tool was created, which, based on historical evidence, identifies relevant potential threats, evaluates their impacts and likelihoods on graded scales based on previous available data, identifies potential mitigating shortcomings, and recommends further mitigation measures. This risk assessment tool has been applied in the vulnerability-assessment-phase of the UEFA Euro 2012. Twenty-three sub-types of potential hazards were identified and analyzed. Ten specific hazards were recognized as likely to very likely to occur, including natural disasters, bombing and blast events, road traffic collisions, and disorderly conduct. Preventative measures, such as increased stadium security and zero tolerance for impaired driving, were recommended. Mitigating factors were suggested, including clear, incident-specific preparedness plans and enhanced inter-agency communication. This hazard risk assessment tool is a simple aid in vulnerability assessment, essential for disaster preparedness and response, and may be applied broadly to future international events.

  11. PUBLIC SERVICES AND THE EURO-REGIONAL COOPERATION

    Directory of Open Access Journals (Sweden)

    Badulescu Alina

    2012-07-01

    Full Text Available Besides the goods and private services, covering the specific needs of individual or groups based on specific mechanisms of demand and supply, human needs can be addressed also through public services. They are designed to meet the general interests of members of a community or society at large and established by public authorities, subject to certain fundamental principles of organization and operation, such as: the principle of efficiency, the principle of equity, the principle of continuity, the principle of movability and the principle of decentralization. In the same time, public services involve in many areas of economic and social life is not just a national issue, but also have characteristics and provision ways at international, regional and euro-regional level. This paper underlines the main areas of euro-regional co-operation interest in the public services sectors, such as: the sectors of environment, agriculture and territorial planning, the sectors of transportation, security and telecommunication, the sector of the economy and labour force, the sector of cross-border populations: social protection and public health, the sectors of education, research and culture.

  12. The Finns Party: Euroscepticism, Euro Crisis, Populism and the Media

    Directory of Open Access Journals (Sweden)

    Juha Herkman

    2017-03-01

    Full Text Available In many European countries, populist right-wing parties have been most noticeable representatives of Euroscepticism. In Finland, the Finns Party (Perussuomalaiset has been a constant promoter of organisational Euroscepticism through its leader, Timo Soini. The party broke through in Finland’s ‘big bang elections’ of 2011, when the most debated issue was the European economic crisis, which was dominated by Eurosceptic Soini. Research concerning the relationship between the media, populism and Euroscepticism usually focus on national or European Parliament elections. This study analyses the media portrayal of the Eurosceptic Finns Party during times other than elections, focusing on the Finland’s overall Euro crisis press coverage in 2010–2012. The analysis shows that the populist Finns Party has been a minor player in that coverage, which was dominated by the Euro positive political and economic elites. Differences between newspapers indicate that journalistic routines and political context direct media coverage toward particular framings, even when the media proclaims itself politically independent and neutral.

  13. An investigation on factors influencing electronic banking adoption in private banks versus public banks

    National Research Council Canada - National Science Library

    Alikhani, Ali; Hosseinzadeh Davarzani, Malihe

    2014-01-01

    ... by clients and the tendency for using such services. This paper investigates different factors influencing on acceptance of electronic banking in private banks versus public banks in a case study of two Iranian banks namely...

  14. IMPORTANCE OF THE EUROPEAN BANKING UNION NEW DIRECTIVES

    Directory of Open Access Journals (Sweden)

    MEDAR LUCIAN-ION

    2014-10-01

    Full Text Available European Banking Union has set new rules on monetary market especially for credit institutions and for financial banking groups in general. Economic and monetary union requires accomplishment of political and monetary union and democratic control of the European institutions on a single financial market. In this respect through its management organisms, EU has designed a series of unique mechanisms of financial union and called for a fiscal union. Union of European financial market is possible through a new regulation of the markets. In this project, monetary union of the EU member countries is possible by implementing single mechanism of supervision (Single Supervisory Mechanism and single mechanism of resolution (Single Resolution Mechanism. European Banking Union may be made by monitoring of a single banking supervisor based on a common system for managing and resolving banking crises and a uniform system of protecting people's savings. Romania opted for these unique mechanisms of macro-prudential supervision of the financial system. And by performing the real convergence criteria of integration, Romania will have all conditions of integration in the ,,euro area,,.

  15. Electric Vehicle Plan [in France]. 4 billion euros for 2020; Plan Voiture Electrique. 4 miljard euro tot 2020

    Energy Technology Data Exchange (ETDEWEB)

    Van Zutphen, E.

    2009-11-15

    On October 1st 2009 two ministries (Environment and Industry) announced fourteen measures for promoting plug-in and hybrid vehicles in their 'Plan Voiture Electrique'. The investments amount to up to 4 billion euros until 2020. The aim is to have 450 thousand hybrids and electric vehicles on the roads of France in 2015. In 2020 there should be 2 million of them and in 2025 4.5 million. The plan has three areas of attention: incentives for the purchase of electric or hybrid vehicles, the infrastructure (charging points) and the production of the vehicle and the batteries within France. [Dutch] Op 1 oktober 2009 werden door 2 ministeries (Milieu en Industrie) in het 'Plan Voiture Electrique' veertien maatregelen bekendgemaakt waarmee plug-in-hybrides en elektrische autos zullen worden gepromoot. De investeringen bedragen tot 2020 4 miljard euro. Het doel is om in 2015 450 duizend hybrides en elektrische voertuigen op de Franse wegen te laten rijden. In 2020 moeten dat er 2 miljoen zijn en in 2025 4,5 miljoen. Het plan betreft drie verschillende actiegebieden: stimulering van de aankoop van elektrische- of hybride voertuigen, de infrastructuur (oplaadpunten), en de productie in eigen land van zowel het voertuig als de batterijen.

  16. BANKING WITHOUT INTEREST

    Directory of Open Access Journals (Sweden)

    Jana Ilieva

    2017-06-01

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

  17. Skin abscess

    Science.gov (United States)

    ... can help identify the cause of the infection. Treatment You can apply moist heat (such as warm compresses) to help the abscess ... if you develop new symptoms during or after treatment of a skin abscess. Prevention ... the skin around minor wounds clean and dry to prevent infection. Call your provider if you ...

  18. Convergence and Heterogeneity in Euro Based Economies: Stability and Dynamics

    Directory of Open Access Journals (Sweden)

    Philip Haynes

    2016-08-01

    Full Text Available Cluster analysis is used to explore the performance of key macroeconomic variables in European countries that share the euro, from the inception of the currency in 2002 through to 2013. An original applied statistical approach searches for a pattern synthesis across a matrix of macroeconomic data to examine if there is evidence for country clusters and whether there is convergence of the cluster patterns over time. A number of different clusters appear and these change over time as the economies of the member states dynamically interact. This includes some new countries joining the currency during the period of examination. As found in previous research, Southern European countries tend to remain separate from other countries. The new methods used, however, add to an understanding of some differences between Southern European countries, in addition to replicating their broad similarities. Hypotheses are formed about the country clusters existing in 2002, 2006 and 2013, at key points in time of the euro integration process. These hypotheses are tested using the rigour of a bivariate analysis and the multivariate method of Qualitative Comparative Analysis (QCA. The results confirm the hypotheses of cluster memberships in all three periods. The confirmation analysis provides evidence about which variables are most influencing cluster memberships at each time point. In 2002 and 2006, differences between countries are influenced by their different Harmonised Index of Consumer Prices (HICP and labour productivity scores. In 2013, after the crisis, there is a noticeable change. Long term interest rates and gross government debt become key determinants of differences, in addition to the continuing influence of labour productivity. The paper concludes that in the last decade the convergence of countries sharing the euro has been limited, by the joining of new countries and the circumstances of the global economic crisis. The financial crisis has driven

  19. Tissue procurement system in Japan: the role of a tissue bank in medical center for translational research, Osaka University Hospital.

    Science.gov (United States)

    Ohkawara, H; Fukushima, N; Kitagawa, T; Ito, T; Masutani, Y; Sawa, Y

    2010-01-01

    Although organ procurement has been regulated by The Organ Transplantation Law (brain-dead donors since 1997, donors after cardiac death since 1979), there has been no law or governmental procurement network (except for cornea) in Japan. Since the late 1980s, some university hospitals have developed original banks. Finally, in 2001 guidelines for tissue procurement were established by The Japanese Society of Tissue Transplantation and Japan Tissue Transplant Network (JTTN) to coordinate tissue harvesting. Five tissue banks were joined to the tissue transplant network (skin in one, heart valves in two, and bone in two). As the number of tissue banks is small, each bank cooperates on procurement, but cannot cover the entire country. With regard to skin transplantation, only one skin bank-The Japan Skin Bank Network (JSBN), which is located in Tokyo-has organized skin procurement. Therefore, it has been difficult to procure skin in areas distant from Tokyo, especially around Osaka. In order to improve such a situation, a tissue bank collaborating with the JSBN was established at The Medical Center for Translational Research (MTR), Osaka University Hospital in April 2008. The bank has played a role in skin procurement center in western Japan and supported procurement and preservation at the time of the skin procurement. Between April 2008 and September 2009, the bank participated in eight tissue procurements in the western area. In the future, the bank is planning to procure and preserve pancreatic islets and bones. Moreover, there is a plan to set up an induced pluripotent stem cells center and stem cell bank in MTR. This tissue bank may play a role to increase tissue procurement in Japan, especially in the western area. .

  20. Veel melkveebedrijven komen in problemen bij melkprijs lager dan 30 euro

    OpenAIRE

    Jager, J.H.

    2009-01-01

    De huidige melkprijs die melkveehouders ontvangen ligt met een jaargemiddelde van rond de 27 euro per 100 kg op een zeer laag niveau. Ruim 70% van de bedrijven heeft echter een melkprijs van minimaal 30 euro nodig om alle betalingsverplichtingen, zowel bedrijf en privé, te kunnen voldoen

  1. Performance of the EuroQol in children with imperforate anus

    NARCIS (Netherlands)

    Stolk, E.A; Busschbach, J.J.V.; Vogels, T.

    2000-01-01

    Objective: To investigate the feasibility and validity of a proxy version of the EuroQol in children treated for imperforate anus. Methods: Patients included were between 1 and 51 years of age. Instruments included were the EuroQol, the TACQOL and a disease specific questionnaire, the Langemeijer

  2. Money Overhang, Credit Overhang and Financial Imbalances in the Euro Area

    NARCIS (Netherlands)

    Kool, C.J.M.; de Regt, E.; van Veen, T.

    2014-01-01

    This paper focusses on the relation between external imbalances and domestic money and credit growth in the euro area. We compute money and credit overhang both for the euro area as a whole and for individual member countries. Our results show that both aggregate money and credit overhang have

  3. 26 CFR 1.1001-5 - European Monetary Union (conversion to the euro).

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true European Monetary Union (conversion to the euro). 1.1001-5 Section 1.1001-5 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY... § 1.1001-5 European Monetary Union (conversion to the euro). (a) Conversion of currencies. For...

  4. EuroSoil2012: Soil science for the benefit of mankind and environment

    Science.gov (United States)

    EuroSoil2012 was convened in Bari ITALY from 2-6 July 2012 as the 4th International Congress of the European Confederation of Soil Science Societies (ECSSS). The theme of EuroSoil2012 as “soil science for the benefit of mankind and environment” aimed to cover several broad aspects of soil science w...

  5. HUMAN RESOURCE PRACTICES IN THE EURO-MEDITERRANEAN REGION: TYPOLOGY

    Directory of Open Access Journals (Sweden)

    Aline SCOUARNEC

    2008-01-01

    Full Text Available Under the project “Agora RH”, we would like to propose a framework for theanalysis of Human Resource practices in the Euro-Mediterranean region.This article is theoretical; it is a reflection of the state of the art and thoughtswhich led to the construction of a framework for analysis, used for anempirical investigation currently being carried out in the eight countriesinvolved in this project (France, Spain, Italy, Portugal, Morocco, Algeria,Tunisia, and Slovenia. In this article, we will attempt to define key conceptsabout the evolution of the HR function. We propose in a forthcoming article toexpand on our work, presenting the theoretical foundations with particularemphasis on the possible cultural variables.

  6. Flussi migratori, religione e diritto nella polis euro-mediterranea

    Directory of Open Access Journals (Sweden)

    Fortunato Freni

    2012-11-01

    SOMMARIO: 1. L’incremento dell’immigrazione in Europa nell’attuale contesto politico e religioso - 2. La “Primavera araba” e le tensioni afferenti alla libertà religiosa nei nuovi equilibri geopolitici - 3. Gli odierni fermenti culturali e giuridici nell’Islam mediterraneo - 4. La prospettiva di una laicità inclusiva euro-mediterranea avverso gli esclusivi schemi “mondialatinizzanti” - 5. Il ruolo dell’Europa nel bacino del Mediterraneo - 6. Alcuni strumenti per estendere la libertà di coscienza a tutte le tendenze culturali: a il dialogo interreligioso - 7. Segue: b le normative concordate - 8. Il decentramento comunitario e l’esigenza di una duttile (ma anche non discriminatoria governance europea.

  7. UEFA EURO 2012™ in the Polish Sociopolitical Narration

    Directory of Open Access Journals (Sweden)

    Michaluk Tomasz

    2015-12-01

    Full Text Available Sport constitutes an increasingly popular language of discourse in modern societies, providing a (formal system of signs, which is easily used by, among others, businesses, media, public persons, and, particularly willingly, politicians. Thus, sport as a system of meanings can transfer any values, being at the same time a pragmatic way of arguing in the practice of social life. An example we analyze, are the events that took place after Poland (and Ukraine had been chosen to be host countries of UEFA EURO 2012™, as well as those which took place during the tournament itself. In these analyses, we use the concept of semiotics and, in particular, pragmatism as well as Charles Sanders Peirce’s triadic sign relation.

  8. Banks, regions and development

    Directory of Open Access Journals (Sweden)

    Pietro Alessandrini

    2003-03-01

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

  9. Determinants of Bank Profitability

    OpenAIRE

    Mukesh Chaudhry; Arjun Chatrath; Ravindra Kamath

    1995-01-01

    This study investigates the determinants of profitability of U.S. commercial banks in the 1970s and 1980s. It is established that banks, depending on their size, may need to exercise greater control over a defined set of variables in order to maximize profits and/or minimize costs. Further, the study provides some indirect evidence of economies of scale/scope in certain aspects of the banksÕ loan and investment portfolios.

  10. A STATISTICAL AND ECONOMIC ANALYSIS OF THE HOTEL INDUSTRY FROM BIHOR AND HAJDÚ-BIHAR COUNTIES IN THE CONTEXT OF THE (EURO REGIONAL DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    BORMA Afrodita

    2014-07-01

    countries (Romania and Hungary, I have used the annual average exchange rates of the leu and forint compared to the euro, in order to bring them to comparable units of measurement. The sources of information for these were the websites of the National Bank of Romania, for the annual average leu/euro exchange, and The Central Bank of Hungary for the annual average forint/euro exchange rate.

  11. [The clinical use of cryopreserved human skin allografts for transplantation].

    Science.gov (United States)

    Martínez-Flores, Francisco; Chacón-Gómez, María; Madinaveitia-Villanueva, Juan Antonio; Barrera-Lopez, Araceli; Aguirre-Cruz, Lucinda; Querevalu-Murillo, Walter

    2015-01-01

    The biological recovery of human skin allografts is the gold standard for preservation in Skin Banks. However, there is no worldwide consensus about specific allocation criteria for preserved human skin allografts with living cells. A report is presented on the results of 5 years of experience of using human skin allografts in burned patient in the Skin and Tissue Bank at the "Instituto Nacional de Rehabilitacion" The human skin allografts were obtained from multi-organ donors. processed and preserved at -80 °C for 12 months. Allocation criteria were performed according to blood type match, clinical history, and burned body surface. Up to now, the Skin and Tissue Bank at 'Instituto Nacional de Rehabilitacion" has processed and recovered 125,000 cm(2) of human skin allografts. It has performed 34 surgical implants on 21 burned patients. The average of burn body surface was 59.2%. More than two-thirds (67.7%) of recipients of skin allografts were matched of the same to type blood of the donor, and 66.6% survived after 126 days hospital stay. It is proposed to consider recipient's blood group as allocation criteria to assign tissue; and use human skin allografts on patiens affected with burns over 30% of body surface (according the "rule of the 9"). Copyright © 2015 Academia Mexicana de Cirugía A.C. Published by Masson Doyma México S.A. All rights reserved.

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

    National Research Council Canada - National Science Library

    Rubi Ahmad; Mohamed Ariff; Michael Skully

    2007-01-01

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

  13. World Bank Group/World Bank Corporate Scorecards, April 2016

    OpenAIRE

    World Bank Group

    2016-01-01

    This pamphlet presents the World Bank Group and World Bank Corporate Scorecards updated with latest data available for Tier 3 (Performance Tier) as of December 31, 2015. Tiers 1 and 2 present data from end of fiscal year 2015. The World Bank Group Corporate Scorecard monitors the implementation of the World Bank Group Strategy. The Scorecard provides an apex view of the results and performance indicators of the three World Bank Group institutions—the World Bank (WB), ...

  14. Dynamics of banking technology adoption: an application to internet banking

    OpenAIRE

    Chang, Yoonhee Tina

    2003-01-01

    This paper is concerned with examining behaviour of firms (banks) and consumers (banks’ customers) in the event of a new technology (internet banking) introduction. The determinants of consumer adoption of internet banking are characterised using survey data from Korea in both static and dynamic framework. I find evidence that adoption of internet banking is influenced by sex, age, marital status, degree of exposure to internet banking, and the characteristics of the banks. A duration analysi...

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

    Directory of Open Access Journals (Sweden)

    Miranda Petronella VLAD

    2012-11-01

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

  16. THE EUROPEAN BANKING SYSTEM. TRACK RECORD AND ACHIEVEMENT

    Directory of Open Access Journals (Sweden)

    ADELA IONESCU

    2014-11-01

    Full Text Available The banking system of Europe has experienced two decades of turbulence. Through the 1990’s a wave of mergers, liquidations and bankruptcies has swept the sector. This wave was at its peak the last years of the 1990’s and the 2000-2004 period. Since then the number of exits from the sector has been relatively stable. It is notable that the cooperative banks suffered more than the commercials. This fact can be attributed to their smaller size, ownership structure, management efficiency etc.During the last decade a great number of events have forced the banking system in Europe to transform, to adapt to a new financial, economic, political and social environment. Two financial crisis (2001-2002 and 2008-2009, two voluntary attempts to regulate the financial system (Basel II and III, the introduction of the Euro and the establishment of the European Central Bank, several regulation attempts to create an isomorphic legal environment, financial scandals of 2001-2002, 2008 and the globalization of the financial sector are some of the events that created a new environment for the financial sector.

  17. Did the Euro Foster Online Price Competition? Evidence from an International Price Comparison Site

    OpenAIRE

    Baye, Michael R; Gatti, J. Rupert J.; Paul Kattuman; John Morgan

    2005-01-01

    We study the impact of the Euro on prices charged by online retailers within the EU. Our data spans the period before and after the Euro was introduced, covers a variety of products, and includes countries inside and outside of the Eurozone. After controlling for cost, demand, and market structure effects, we show that the pure Euro changeover effect is to raise average prices in the Eurozone by 3% and average minimum prices by 7%. Finally, we develop a model of online pricing in the context ...

  18. Abstracts of the 12th European Biological Inorganic Chemistry Conference (EuroBIC 12)

    OpenAIRE

    Freisinger Eva; Sigel Roland K. O.

    2014-01-01

    Dear colleagues we cordially welcome you to the 12th European Biological Inorganic Chemistry Conference EuroBIC 12 to be held August 24 28 2014. 22 years after EuroBIC 1 took place in Newcastle UK this conference series is now coming to Switzerland for the first time. The biannual EuroBIC conferences have become one of the major international events in the field of Biological Inorganic Chemistry. Its interdisciplinarity is well reflected in the broad wealth of topics covered in this year's ...

  19. Islamic Banks Risk Management Case

    National Research Council Canada - National Science Library

    Zaid Alrukhayyes; Hugh Grove; Jeffrey Feldman

    2014-01-01

    ... program for risk management of its banks. Due to availability of public data in 2010, Ibrahim had collected data on nine out of the eleven Kuwait banks, which comprised the sample for the subsequent stress testing of Kuwait banks...

  20. Optimal Central Bank Transparency

    NARCIS (Netherlands)

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

    2008-01-01

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

  1. Destroy The Bank! (case)

    NARCIS (Netherlands)

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

    2016-01-01

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

  2. Banking and trading

    NARCIS (Netherlands)

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

    2013-01-01

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

  3. Transparency of Banking Supervisors

    NARCIS (Netherlands)

    Liedorp, Franka; Mosch, Robert; van der Cruijsen, Carin; de Haan, Jakob

    Following Eijffinger and Geraats (2006), this paper constructs an index of transparency of banking supervisors that takes political, economic, procedural, policy, and operational transparency into account. Based on a survey, the index is constructed for 24 banking supervisors. The average score is

  4. Competition in EU banking

    NARCIS (Netherlands)

    De Jonghe, Olivier; Diepstraten, Maaike; Schepens, Glenn; Beck, Thorsten; Casu, Barbara

    2017-01-01

    This chapter discusses recent EU-wide movements in bank competition and concentration. We start with a concise overview of the most frequently used competition and concentration measures. Given that different measures may capture different aspects of bank competition, we focus on the differences and

  5. Three essays on banking

    NARCIS (Netherlands)

    Vlahu, R.E.

    2011-01-01

    This dissertation consists of three essays on banking and concentrates on two topics. The first two essays deal with strategic behavior of borrowers. The third essay explores the relation between bank capital and risk-taking. The first essay, Collective Strategic Defaults: Bailouts and Repayment

  6. Essays in empirical banking

    NARCIS (Netherlands)

    Bai, Y.

    2015-01-01

    This dissertation consists of three essays on empirical banking. They study how do information and political activeness affect banks’ lending behavior, as well as the effect of lending relationship with banks on firms’ stock performance during interbank liquidity crunch. The first essay looks at a

  7. GREEN BANKING IN ROMANIA

    Directory of Open Access Journals (Sweden)

    Dumitrascu Mihaela

    2014-07-01

    Full Text Available The paper investigates the green banking in Romania, a new approach of conducting the banking business through considering the corporate social responsibility and environmental aspects. Nowadays, it is difficult to face the globalization and competition in order to asssure the implementation of the green banking practices. The aim of the present study is to identify corporations that have sustainability concerns. To achieve this objective, we set some hypothesis and after this we showed that the corporations are more likely to be included in the list of top banks in the world. Our study is relevant for future research in this area, because of the importance of such aspects in corporations nowadays.The conclusions of our study is that green banking practices in Romania is in an incipient stage

  8. Competition in investment banking

    Directory of Open Access Journals (Sweden)

    Katrina Ellis

    2011-01-01

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

  9. The European Banking Union: Will It Be a True Union without Risk Sharing?

    Directory of Open Access Journals (Sweden)

    Mario Sarcinelli

    2013-06-01

    Full Text Available The recent developments of the Euro crisis reveal the lack of clear or coherent thinking on the part of both the Eurozone finance ministers and the European Commission. The crisis in Cyprus is partly the consequence of decisions made on private sector involvement in the previous Greek bailout, and other such examples may be made. It is time, therefore, to look reality in the face and strengthen the structures of the EMU. The article is devoted to what has been done and what must still be done to make the European banking system more robust and less permeable to crises, and to preserve the single financial market. It looks at the initiatives of both the European Commission and the European Council to complete the EMU by creating a banking union, the doubts on the wisdom of entrusting banking oversight to the ECB, the organization of the ECB’s new tasks, the continuing absence of facilities for the recovery or liquidation of banks, as well as for a Euro-wide deposit insurance, the need for some form of risk-sharing in order to stabilise the economy, and thus the recourse to a common budget and the possibility of joint debt for the Eurozone.

  10. Real world NOx emissions of Euro V vehicles

    Energy Technology Data Exchange (ETDEWEB)

    Verbeek, R.; Vonk, W.A.; Verbeek, R.P.; Dekker, H. [TNO Science and Industry, Delft (Netherlands)

    2010-11-15

    In the past decade, vehicle emissions have been reduced substantially as a result of the European emission legislation. Air quality problems are still present, however, in particular in urban areas where local authorities have difficulty meeting European limits regarding air quality (mainly NO2). Therefore, the emission performance of vehicles under urban conditions is of increasing importance for air quality improvement in cities. In this context, TNO was commissioned by the Dutch Ministry of Environment (VROM) to investigate the real-world NOx emissions of Euro V trucks and buses during the past two years. The investigation has shown that, in general, there is a large variety in real-world emissions between different vehicles, in particular under urban conditions. Some vehicles demonstrate the possibility of achieving low emissions under urban conditions, but the results also clearly show that this is not the case for most of the trucks. This outcome is based on two lines of research. Firstly, the real world emissions of eleven trucks and one bus were measured on-road using a Portable Emission Measurement System (PEMS), under conditions typical of everyday use. Secondly, AdBlue consumption data for a number of Dutch vehicle fleets were analysed. AdBlue is the reagent that is used for NOx emission reduction in SCR systems (catalytic after treatment systems), and the amount of reagent used in daily practice is related to the real-world NOx emissions. Both lines of research support the general outcome.

  11. Saving Euro by dividing Europe in multiple OCA’s

    Directory of Open Access Journals (Sweden)

    Dimitrios K. Dapontas

    2013-04-01

    Full Text Available On the aftermath of the global credit crunch was made clear thatthe Euro countries debtcrisis shows that the EMU is far from being an Optimal Currency Area (OCA under its current form.The countries accepted bailouts from their counterparts and international organizations in order toprevent the Eurozone collapse spreading the crisis further. Can the breakup to multiple areas help asTootel(1990 suggested?Three possible sets of OCA scenarios are analyzed along with thedemolition scenario. The breakup of the Eurozone to two currencies consisting possible OCAs alongwith a second one adding all the EU members and a third one applying in small regions. Thescenarios are analyzed by using eleven equally weighted optimum area criteria to make Eurozone asingle or a set of sustainable OCAs. These type and extension scenarios are presented for the firsttime for EU countries finding possible sets of independent country groups. The results show that theasymmetries lead to the crisis persist in a possible two or more “euros” area and this scenario cost ishigher than uniondissolution’s. Europe cannot become in its current form a set of OCAs under anycircumstances.

  12. Press Coverage of the Implementation of the Euro in Spain

    Directory of Open Access Journals (Sweden)

    Dr. Joaquín Sotelo González

    2008-01-01

    Full Text Available In relation to the press coverage of matters connected with the European Union, we have established a map of coordinates based on research carried out during a period of time. Firstly, we have identified and described the methods and attitudes used by journalists, especially by press correspondents located in Brussels covering EU community news. At the same time, we have studied the ideological and cultural conditioning factors of these correspondents in relation to their professional work. Once we had identified their professional practice, on the one hand, and the ideological and cultural attitudes of European journalists on the other, we carried out a study on the articulation of the different types of discourse in order to obtain a series of interrelations that establish the limits of different open spaces regarding the future of European journalism. In this article, we have used the information gathered and applied it to a conceptual framework in order to study the journalistic coverage given by the Spanish press to a very important European community event: the implementation of the Euro.

  13. Pig skin apposite dehydrated by lyophilization; Apositos de piel de cerdo deshidratados por liofilizacion

    Energy Technology Data Exchange (ETDEWEB)

    Reyes F, M.L.; Gonzalez V, C.; Flores A, M.; Peralta R, J.; Reboyo B, D.; Rodriguez U, M.D. [ININ, 52750 La Marquesa, Estado de Mexico (Mexico)

    2007-07-01

    Taking like base a work carried out in 2001 in the Radio sterilized Tissue Bank (BTR) in which lyophilized apposite of pig skin were obtained at laboratory scale, this work is presented that had as purpose to process pig skin to produce temporary covers of skin (apposite) dehydrated by lyophilization to commercial scale. (Author)

  14. Rahvaliit nõuab enne euro kasutuselevõttu rahareferendumit / Mart Helme ; interv. Andrus Karnau

    Index Scriptorium Estoniae

    Helme, Mart, 1949-

    2004-01-01

    ERL-i kandidaat Euroopa Parlamendi valimistel vastab küsimustele, mis puudutavad ERL-i vastuseisu euro kasutuselevõtu suhtes, euroskeptikute kandideerimist europarlamenti, Eesti saadikute positsiooni EL-i Vene-poliitika kujundamisel. Lisa: Rahvaliidu nimekiri

  15. Structural changes in the Czech, Slovak and euro area economies during the Great Recession

    National Research Council Canada - National Science Library

    Stanislav Tvrz; Osvald Vasícek

    2016-01-01

    ..., as a small open economy that entered monetary union, and the economy of the euro area, which has a common monetary policy, during the turbulent period of the Great Recession, the subsequent anaemic...

  16. Euro on sama tähtis kui NATO ja Euroopa Liit / Vahur Kraft

    Index Scriptorium Estoniae

    Kraft, Vahur, 1961-

    2005-01-01

    Ilmunud ka: Severnoje Poberezhje 3. juuni lk 2. Eesti Panga presidendi sõnul on euro aluseks oleva majandus- ja rahaliidu peamisteks eesmärkideks stabiilne majanduskasv ja madal inflatsioon. Väljavõte esinemisest Riigikogus

  17. Euro kasutuselevõtuks ametnikel töö tehtud / Piret Reiljan

    Index Scriptorium Estoniae

    Reiljan, Piret, 1983-

    2007-01-01

    Eesti eurole üleminekut ette valmistanud ametnike koostatud infomaterjalid ja tegevuskavad on valmis, ent euro saabumise aeg pole veel teada. Diagramm: Inflatsioonimäär. Kommenteerivad Jan Linden ja Klas Eklund

  18. Is Euro-Collins better than ringer lactate in live related donor renal transplantation?

    National Research Council Canada - National Science Library

    Prasad, G Siva; Ninan, Chacko N; Devasia, Antony; Gnanaraj, Lionel; Kekre, Nitin S; Gopalakrishnan, Ganesh

    2007-01-01

    .... There are no guidelines regarding the perfusion fluids in live donor renal transplantation. We studied whether Euro-Collins was better than Ringer lactate in terms of protecting allograft function...

  19. Anti-crisis Politics Assumed by Some Governs from Euro Area

    Directory of Open Access Journals (Sweden)

    Mioara CHIRITA

    2012-04-01

    Full Text Available Many governments from euro area continue to adopt the EU reglementations and policies anti crisis. Members of governments and parliaments of the euro area try to maintain liquidity in the economic system at this fragile moment of transition between crisis and growth and to develop exit strategies for winding down stimulus programmers once recovery has firmly taken root and to adopt medium-term measures to restore budgetary level. In this work are presented some of the most significant anti-crisis measures taken by some governments in the euro area. A comparative analysis for some representative countries from the euro area has been done in order to conclude that some anti-crisis measures had the desired effect, while others have side effects that required further actions.

  20. ROMANIA: CLIMBING THE LADDER FOR A BETTER FUTURE. WHEN WILL IT REACH EU AND EURO AREA?

    Directory of Open Access Journals (Sweden)

    Cristina Tatomir

    2011-12-01

    Full Text Available In this paper we assess the evolution of Romania’s economic convergence with the European Union (EU and Euro area, during the period 2000-2010. In order to determine the number of years required to reach the EU and Euro area average, we employ an economic convergence index, made up of real and structural convergence indexes. The analysis shows that Romania has been climbing the ladder in the process of catching-up with the EU and the Euro area until 2008 when, because of the international crisis, the economic convergence index started decreasing. We report that Romania will reach the EU average in April 2056 and the Euro area average in September 2062.As revealed by the analysis, it will take decadesto attain the European levels of economic convergence, this being the most important challenge for Romania on the long term.

  1. L'Europe prête 300 millions d'euros au CERN

    CERN Multimedia

    2003-01-01

    The BEI (Banque Européenne d'Investissement) will lent to CERN 300 millions of Euros, not only to build the new accelerator, but also to help to set up and european programm of research (1 paragraph)

  2. How strong is the impact of exports and other demand components on German import demand? Evidence from euro-area and non-euro-area imports

    OpenAIRE

    Stirböck, Claudia

    2006-01-01

    This paper presents a single error-correction analysis of German total, euro-area (intra) and non-euro-area (extra) import demand for the 1980-2004 period and the more recent 1993-2004 period. German import demand is mainly driven by domestic demand and foreign demand for German goods; by contrast, the price sensitivity of German imports is low. We note a greater propensity to import with respect to an increase in investment compared to a rise in consumption, yet find that export goods have t...

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

    Directory of Open Access Journals (Sweden)

    Simona Elena IAGAR

    2015-09-01

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

  4. Dry Skin (Xerosis)

    Science.gov (United States)

    ... Dry skin: Symptoms Dry skin: Causes Dry skin: Treatment Dry skin: Tips Tips Dry skin: Tips for managing Here are tips that can prevent dry skin or keep it from getting worse. Do not use hot water . Hot water removes your natural skin oils more ...

  5. Comparison between Euro NCAP test results and real-world crash data.

    Science.gov (United States)

    Kullgren, Anders; Lie, Anders; Tingvall, Claes

    2010-12-01

    The objective of this study was 2-fold: first, to compare Euro NCAP safety ratings of cars with those published by the Folksam real-world injury ratings; and second, to compare injury risk measures between Euro NCAP 2 and 5 Star cars with real-world injury and disability outcomes using police and insurance injury data. Car models were grouped according to the Euro NCAP star rating scores. Folksam risk of injury ratings come from statistical analysis of real-world crashes using police and insurance databases. The paired comparison method using 2-car crashes was used to control for crash speed and the mass differences between cars of different weights were normalized. For all comparisons, 5-star rated Euro NCAP cars were found to have a lower risk of injury compared to 2-star rated cars (5-star cars were 10% ± 2.5% lower risk than 2-star cars). For fatal and serious injuries, the difference was 23 ± 8 percent, and for fatal injuries alone the difference was 68 ± 32 percent. By comparison, the Folksam 5-star rated cars had a relative risk of 0.020 ± 0.0024, whereas 2-star rated car risk was 0.028 ± 0.0016, corresponding to a 27 percent difference in risk between 5- and 2-star cars. Good correlation was found between Euro NCAP test results and real-world injury outcomes. The largest difference in injury risk between 2- and 5-star rated cars in Euro NCAP was found for risk of fatality, confirming that car manufacturers have focused their safety performance on serious crash outcomes. In addition, Euro NCAP crash tests were shown to be highly correlated with serious crash performance, confirming their relevance for evaluating real-world crash performance. Good concordance was found between Euro NCAP and Folksam real-world crash and injury ratings.

  6. Equilibrium real interest rates and secular stagnation: An empirical analysis for euro area member countries

    OpenAIRE

    Belke, Ansgar; Klose, Jens

    2016-01-01

    Is secular stagnation a valid concern for Euro Area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest rate and compare it to the actual real rate. We apply our approach to twelve Euro Area countries, since heterogeneity among member countries has become considerably extensive since the beginning of the financial crisis. Hence, the question of secular stagnation has to be answered at the country level. Ou...

  7. Monetary union and forest products trade- The case of the euro

    Science.gov (United States)

    Joseph Buongiorno

    2015-01-01

    The objective of this study was to determine if the establishment of a monetary union in European countries had affected the international trade of forest products between the euro-using countries. A differential gravity model of bilateral trade flows was developed and estimated with panel data for the bilateral trade between 12 euro countries from 1988 to 2013, for...

  8. Multi-label classification of Croatian legal documents using EuroVoc thesaurus

    OpenAIRE

    Šarić, Frane; Dalbelo Bašić, Bojana; Moens, Marie-Francine; Šnajder, Jan

    2014-01-01

    The automatic indexing of legal documents can improve access to legislation. In this paper we describe the work on EuroVoc indexing of Croatian legislative documents. We focus on the machine learning aspect of the problem. First, we describe the manually indexed Croatian legislative documents collection, which we make freely available. Secondly, we describe the multi-label classification experiments on this collection. A challenge of EuroVoc indexing is class sparsity, and we discuss some...

  9. Did public health travel advice reach EURO 2012 football fans? A social network survey.

    Science.gov (United States)

    Janiec, J; Zielicka-Hardy, A; Polkowska, A; Rogalska, J; Sadkowska-Todys, M

    2012-08-02

    We posted a survey on the Union of European Football Associations (UEFA)’s EURO 2012 Facebook profile to evaluate whether public health travel advice, specifically on the importance of measles vaccination,reached fans attending EURO 2012. Responses suggested that these messages were missed by 77% of fans. Social networks could serve as innovative platforms to conduct surveys, enabling rapid access to target populations at low cost and could be of use during upcoming mass gatherings such as the Olympics.

  10. The Protestant Fiscal Ethic:Religious Confession and Euro Skepticism in Germany

    OpenAIRE

    Chadi, Adrian; Krapf, Matthias

    2015-01-01

    During the European sovereign debt crisis, most countries that ran into fiscal trouble had Catholic majorities, whereas countries with Protestant majorities were able to avoid fiscal problems. Survey data show that, within Germany, views on the euro differ between Protestants and Non-Protestants, too. Among Protestants, concerns about the euro have, compared to Non-Protestants, increased during the crisis, and significantly reduce their subjective wellbeing only. We use the timing of survey i...

  11. A multi-country trend indicator for euro area inflation: computation and properties

    OpenAIRE

    Angelini, Elena; Henry, Jérôme; Mestre, Ricardo

    2001-01-01

    This paper applies the 'diffusion indices' approach proposed by Stock and Watson [1998] to the euro area. Following their methodology a set of factors are extracted from a balanced and unbalanced panel dataset comprising nominal variables for 11 countries of the euro area. The estimated factors appear to be fairly stable over time. It is also shown that the first factor is cointegrated with area wide HICP and private consumption deflator supporting the idea that it represents 'a common trend ...

  12. Skin - clammy

    Science.gov (United States)

    ... the clammy skin may be due to heat exhaustion and the person is awake and can swallow: Have the person drink plenty of (non-alcoholic) fluids Move the person to a cool, shaded place When to Contact a Medical Professional Seek immediate medical help if the person has ...

  13. Electronic Banking And Bank Performance In Nigeria | Abaenewe ...

    African Journals Online (AJOL)

    This study investigated the profitability performance of Nigerian banks following the full adoption of electronic banking system. The study became necessary as a result of increased penetration of electronic banking which has redefined the banking operations in Nigeria and around the world. Judgmental sampling method ...

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

    Directory of Open Access Journals (Sweden)

    Klepková Vodová Pavla

    2015-06-01

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

  15. [Tobacco smoking prevalence among students from Euro region Eastern Carpathians].

    Science.gov (United States)

    Zadarko, Emilian; Penar-Zadarko, Beata; Barabasz, Zbigniew

    2010-01-01

    Publisher in February 2008 WHO M-POWER report indicates that every year on the world tobacco epidemics kills 5.4 million of people and the analysis of tobacco smoking prevalence change shows great differences between European countries. It is estimated that in Poland 29% of adult people smokes, and 24% in Slovakia. However tobacco smoking among academic youth is still a big problem. The aim of the study was an attempt to estimate tobacco smoking prevalence among students from Poland and Slovakia. The study was conducted with the framework of science project: "Physical activity for the whole life". The aim of the project are multidirectional activities addressed to Polish-Slovakian students to create a system of taking care about health based on health education among students, selected modifying cardiovascular risk factors monitoring, as well as creating Internet portal to serve those goals. Project was co-fund by European Union from European Regional Development Fund - ERDF, as well as from the government budget by Euro Region Carpathians with the framework of Cross-border Co-operation Programme Republic of Poland - Slovakia Republic 2007-2013. Analysis considered 4584 group of students from University of Rzeszow and University of Presov, Technical University in Rzeszow and State Higher Vocational School in Krosno. The study was conducted from November 2009 to June 2010. The participation in the study was voluntary. The study was conducted using a diagnostics survey method with questionnaire. Chi-square test was used for statistical analysis. Based on results it was claimed that the majority of the studied group of students have never smoked and do not smoke cigarettes. Place of residence was a factor influencing the fact of tobacco smoking. Slovakian students were characterized by more frequent tobacco smoking. Far more often smoke man, both in Polish and Slovakian group. Among Polish students there was a relation between subjective health state assessment and

  16. MIGRATION PROCESSES IN BARENTS EURO-ARCTIC REGION

    Directory of Open Access Journals (Sweden)

    Yulia Aleksandrovna Afonkina

    2015-10-01

    Full Text Available The subject of the research is the analysis of migration processes in the Barents Euro-Arctic region (BEAR. The main focus is the balance of interests between ethnic immigrants and citizens of the accepting country as well as formation and dynamics of ethno-social structure.The research of the migration problems is done through socio-cultural focus. It implies that a research of nation’s constant norms, values and traditions creates a scientific basis for creation of poly-cultural society and it’s stable structure.The novelty of the work is the regional aspect. The transformational trends of modern society and specifics of the BEAR are taken into account and studied on the example of the Murmansk region which is characterized as a region of heavy migration.The study describes migration processes intertwined with the realities of the multi-cultural society in BEAR (with the example of Murmansk region. The factors of upkeep of ba-lanced inter-ethnic relationship and formation of poly-cultural society are highlighted. The role of each ethnic group and national diasporas within ethno-social processes is highlighted. Authors suggest that the success of socio-cultural adaptation of immigrants is not only due to knowledge of language and culture of the accepting society, but also is due to traditions and trends of poly-culture of the accepting nation.The results of the study may be used for managing solutions in stabilizing of ethno-cultural processes within BEAR but also within the framework of the study courses, such as «Ethno-sociology» or «Sociology of migration».

  17. Source apportionment using LOTOS-EUROS: module description and evaluation

    Directory of Open Access Journals (Sweden)

    R. Kranenburg

    2013-06-01

    Full Text Available To design effective mitigation strategies, the origin of emissions which produce air pollutants needs to be known. Contributors to air pollutants can be emission sources, like road traffic or industry, but also be more specified to emission from one location or from a specified time. Chemistry transport models can be used to assess the origin of air pollution across a large domain. However, in traditional simulations the information on origin is lost and brute force scenario studies are performed to assess the origin. Alternatively, one can trace the origin of air pollutants throughout a simulation using a labeling approach. In this paper we document and demonstrate a newly developed labeling module for the chemistry transport model LOTOS-EUROS which tracks the source allocation for all particulate matter components and precursor gases. Dedicated simulations confirmed that the new module functions correctly. The new module provides more accurate information about the source contributions than using a brute force approach with scenario runs as the chemical regime remains unchanged. An important advantage of the new module is the reduction of computation costs and analysis work associated with the calculations. The new module was applied to assess the origin of particulate nitrate across the Netherlands. Averaged across the Dutch territory, the main contributions to nitrate are derived from road and non-road transport as well as power plants. Overall, only one-fifth of the concentration derived from sources located inside the country. The new technology enables new research directions as improved information on pollution origin is desired for policy support as well as scientific applications.

  18. Climate classification for Euro-CORDEX simulations assessment

    Science.gov (United States)

    Halenka, Tomas; Belda, Michal; Kalvova, Jaroslava; Holtanova, Eva

    2014-05-01

    The analysis of climate patterns can be performed for each climatic variable separately or the data can be aggregated using e.g. a kind of climate classification. These classifications usually correspond to vegetation distribution in the sense that each climate type is dominated by one vegetation zone or eco-region. This way climate classifications also represent a convenient tool for the assessment and validation of climate models and for the analysis of simulated future climate changes. Basic concepts are presented on global CRU data and the analysis is shown on CMIP5 family of GCM simulations. Different performance of individual GCMs can be seen, but with clear indication of some similarities given by the model dependencies. This evaluation can provide first insight on the driving GCM performance in individual region for downscaling. There are significant changes for some types in most models (e.g. increase of savana, decrease of tundra) for the future. The results of CMIP5 models are compared for the same analysis over European domain with the similar analysis based on the ensemble of EuroCORDEX regional simulations. E-OBS data are used for the present climate assesssment, validation for both 0.11 and 0.44 degree resolution is presented. Climate change signal is analysed as well. Different combinations of the biases coming either from GCM or RCM appear. From the future simulations the shift of the boundary between the boreal zone and continental temperate zone to the north is clearly seen as well as eastern move the maritime and continental type of temperate zone.

  19. On Banks, Courts and International Law: The Intergovernmental Agreement on the Single Resolution Fund in Context

    DEFF Research Database (Denmark)

    Fabbrini, Federico

    2014-01-01

    Mechanism, to wind down failing banks in the Euro-zone – and complements an EU regulation adopted by the European Parliament and the Council creating the SRF. This article critically analyses the choice to use international law to adopt the rules on transfer and mutualization of contributions to the SRF......In May 2014, 26 Member States of the EU concluded an intergovernmental agreement on the transfer and mutualization of contribution to the Single Resolution Fund (SRF). This international treaty constitutes a core component of the second pillar of the European Banking Union – the Single Resolution...... with the constitutional logic of leaving decisions about economic questions in the political process. In light of these weaknesses, the article explains that the intergovernmental agreement was tolerated by the European Parliament to secure completion of the Banking Union before the 2014 EU elections, but concludes...

  20. German Bank Lending During Financial Crises: A Bank Level Analysis

    OpenAIRE

    Heid, Frank; Nestmann, Thorsten; von Westernhagen, Natalja; Weder di Mauro, Beatrice

    2005-01-01

    This paper studies German bank lending during the Asian and Russian crises, using a bank level data set from the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We find that German banks reacted to the Asian crisis mainly by reallocating their portfolios among emerging markets. By contrast, the banks' behaviour during the Russian crisis is characterised by a general withdrawal from emerging markets. We f...

  1. Role of Foreign Banks in Integration of Banking Industry

    OpenAIRE

    Roman Šubić

    2009-01-01

    Dynamic development of financial industry in some last ten years that, considering the kind of financial agents, remained bank-oriented represents a suficient reason to investigate the causes that brought to the present structure of banking system. After having presented theoretical bases of the integration forms and banks connection, the paper analyzes the influence of foreign banks on the development of Croatian bank system. Thus, beside the knowledge of quantitative changes in ...

  2. Mitigation Banking Factsheet

    Science.gov (United States)

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

  3. Environmental Data Bank

    Energy Technology Data Exchange (ETDEWEB)

    ,

    1962-06-01

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

  4. Banking on the Nation

    DEFF Research Database (Denmark)

    Ravn Sørensen, Anders

    2015-01-01

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

  5. Protein Data Bank (PDB)

    Data.gov (United States)

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

  6. 12 CFR 7.1003 - Money lent at banking offices or at other than banking offices.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Money lent at banking offices or at other than banking offices. 7.1003 Section 7.1003 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY BANK ACTIVITIES AND OPERATIONS Bank Powers § 7.1003 Money lent at banking offices or at other than...

  7. 12 CFR 615.5144 - Banks for cooperatives and agricultural credit banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Banks for cooperatives and agricultural credit banks. 615.5144 Section 615.5144 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING....5144 Banks for cooperatives and agricultural credit banks. As may be authorized by the banks for...

  8. Mobile banking: New trend in the contemporary banking sector

    Directory of Open Access Journals (Sweden)

    Sanader Dušica

    2014-01-01

    Full Text Available In the late 1990s and early 2000s, banking has undergone and is still undergoing some considerable changes, adjusting itself to the new circumstances and challenges in its environment. Modern information technologies have granted an opportunity to banks to expand their operations and adjust their offer of products and services, placing them through the new communication channels. The increasing reliance on mobile devices, especially the so-called smart phones, has facilitated the development of a new form of banking, known as mobile banking. Mobile banking is a specific channel of electronic banking, enabling clients to communicate with the bank via mobile devices. The bank's products and services are, thus, available to the clients at any time and at any place, and the banking sector is expected to perfectly understand the needs of today's clients, before implementing mobile banking. The research in this paper focuses on mobile banking, as a segment of electronic banking, which has developed under the influence of modern information technologies. The paper elaborates on the main characteristics of mobile banking, its advantages, but also its drawbacks that the banks and their clients are facing in the process of its utilization (or its implementation in practice. Moreover, the paper presents the trends of using mobile banking in the world and in Serbia, along with the tendencies for developing new services.

  9. Role of Foreign Banks in Integration of Banking Industry

    Directory of Open Access Journals (Sweden)

    Roman Šubić

    2009-12-01

    Full Text Available Dynamic development of financial industry in some last ten years that, considering the kind of financial agents, remained bank-oriented represents a suficient reason to investigate the causes that brought to the present structure of banking system. After having presented theoretical bases of the integration forms and banks connection, the paper analyzes the influence of foreign banks on the development of Croatian bank system. Thus, beside the knowledge of quantitative changes in the banking system, the paper researched the motivations of the banks regarding integration that, among other things, brought to creating the effects of scale and scope economies. However, the concentrations among banks can lead to creation of negative externalities that later become potential dangers for the banking. Pre-cognitions on development of banking system are used to create projection of future banking development while the data basis of the countries from the region enabled the comparative analysis of banks integration in these countries. The conclusion is that the foreign banks have been the largest promoters of bank integration in the Republic of Croatia contributing also to qualitative development of banking market and to deepening of financial market spectrum.

  10. Areva excellent business volume: backlog as of december 31, 2008: + 21.1% to 48.2 billion euros. 2008 revenue: + 10.4% to 13.2 billion euros; Areva excellent niveau d'activite: carnet de commandes au 31/12/2008: + 21,1% a 48,2 Mds d'euros. Chiffre d'affaires de l'exercice 2008: + 10,4% a 13,2 Mds d'euros

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-07-01

    AREVA's backlog stood at 48.2 billion euros as of December 31, 2008, for 21.1% growth year-on-year, including 21.8% growth in Nuclear and 16.5% growth in Transmission and Distribution. The Nuclear backlog came to 42.5 billion euros at December 31, 2008. The Transmission and Distribution backlog came to 5.7 billion euros at year-end. The group recognized revenue of 13.2 billion euros in 2008, for year-on-year growth of 10.4% (+9.8% like-for-like). Revenue outside France was up 10.5% to 9.5 billion euros, representing 72% of total revenue. Revenue was up 6.5% in the Nuclear businesses (up 6.3% LFL), with strong performance in the Reactors and Services division (+10.9% LFL) and the Front End division (+7.2% LFL). The Transmission and Distribution division recorded growth of 17% (+15.8% LFL). Revenue for the fourth quarter of 2008 rose to 4.1 billion euros, up 5.2% (+1.6% LFL) from that of the fourth quarter of 2007. Revenue for the Front End division rose to 3.363 billion euros in 2008, up 7.1% over 2007 (+7.2% LFL). Foreign exchange (currency translations) had a negative impact of 53 million euros. Revenue for the Reactors and Services division rose to 3.037 billion euros, up 11.8% over 2007 (+10.9% LFL). Foreign exchange (currency translations) had a negative impact of 47 million euros. Revenue for the Back End division came to 1.692 billion euros, a drop of 2.7% (-2.5% LFL). Foreign exchange (currency translations) had a negative impact of 3.5 million euros. Revenue for the Transmission and Distribution division rose to 5.065 billion euros in 2008, up 17.0% (+15.8% LFL)

  11. Determinants of Tunisian Bank Profitability

    OpenAIRE

    Raoudha Bejaoui; Houssam Bouzgarrou

    2014-01-01

    The aim of this study is to examine the persistence of profit and the effect of bank-specific determinants of Tunisian bank profitability. To account for profit persistence, we apply a dynamic panel model, using Generalized Methods of Moments (GMM) system for 16 Tunisian commercial banks, divided into 11 deposit banks and 5 development banks during the period 1999-2010. The estimates show that the evidence for profit persistence is positive and significant for both deposit and development ban...

  12. BANK RATING. A COMPARATIVE ANALYSIS

    Directory of Open Access Journals (Sweden)

    Batrancea Ioan

    2015-07-01

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

  13. Skin Cancer Foundation

    Science.gov (United States)

    ... Host a Fundraising Event | About Us | Store The Skin Cancer Foundation The Skin Cancer Foundation is the only ... Handbook A "Sunscreen Gene"? Skin Cancer Facts & Statistics Skin Cancer Treatment Glossary Information on medications and procedures The ...

  14. Skin Cancer Treatment

    Science.gov (United States)

    ... Skin Cancer Skin Cancer Screening Research Skin Cancer Treatment (PDQ®)–Patient Version General Information About Skin Cancer ... Certain factors affect prognosis (chance of recovery) and treatment options. The prognosis (chance of recovery ) depends mostly ...

  15. Skin lesion removal

    Science.gov (United States)

    Shave excision - skin; Excision of skin lesions - benign; Skin lesion removal - benign; Cryosurgery - skin, benign; BCC - removal; Basal cell cancer - removal; Actinic keratosis - removal; Wart - removal; Squamous cell - removal; ...

  16. EURO-CORDEX regional climate models: Performance over Mediterranean region

    Science.gov (United States)

    Stilinović, Tomislav; Güttler, Ivan; Srnec, Lidija; Branković, Čedo

    2017-04-01

    Regional climate models (RCMs) are high-resolution version of a global climate models (GCMs) designed to achieve simulations at horizontal resolutions relevant for human activities on local and regional spatial scales, and to simulate relevant processes in historical and potential future climate conditions. In this study, a set of experiments the EURO-CORDEX simulations are evaluated over the Mediterranean region. All simulations were made at the two horizontal resolutions (50 km and 12.5 km) and compared with gridded pan-European gridded dataset E-OBSv11 at the regular 0.25°×0.25° grid for the two periods (1989-2008 for the ERA-Interim-driven ensemble of simulations; 1971-2000 for the GCMs-driven ensemble of simulations). We will evaluate the impacts of (1) the boundary conditions, (2) different horizontal resolutions (0.44°/50 km vs. 0.11°/12.5 km), and (3) the impact of convective parametrization on systematic errors, specialy in case of the RegCM4 model extensively used at DHMZ. For each simulation commonly used evaluation metrics are applied. They include: (1) spatially-averaged differences between RCMs and observations, (2) the spatial 95 th percentiles of simulated and observed temperature and precipitation, (3) spatial correlation coefficients between models and observations, (4) the ratio of spatial standard deviations between simulated and observed fields, and (5) the Spearman rank correlations between simulated and observed time-series of spatially-averaged temperature and precipitation. As commonly found in other studies, the total precipitation in RCM simulations is often overestimated and spatial correlations are noticeably lower than for temperature. The results highlight that, the RegCM4 is able to capture the (observed) spatial variability of the Mediterranean temperature climate. This is indicated by high spatial correlations with values larger than 0.9 and values of normalized standard deviation below 1 for Mediterranean region. The results

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

    Directory of Open Access Journals (Sweden)

    Aditya Wardhana

    2015-09-01

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

  18. The novel EuroSCORE II algorithm predicts the hospital mortality of thoracic aortic surgery in 461 consecutive Japanese patients better than both the original additive and logistic EuroSCORE algorithms.

    Science.gov (United States)

    Nishida, Takahiro; Sonoda, Hiromichi; Oishi, Yasuhisa; Tanoue, Yoshihisa; Nakashima, Atsuhiro; Shiokawa, Yuichi; Tominaga, Ryuji

    2014-04-01

    The European System for Cardiac Operative Risk Evaluation (EuroSCORE) II was developed to improve the overestimation of surgical risk associated with the original (additive and logistic) EuroSCOREs. The purpose of this study was to evaluate the significance of the EuroSCORE II by comparing its performance with that of the original EuroSCOREs in Japanese patients undergoing surgery on the thoracic aorta. We have calculated the predicted mortalities according to the additive EuroSCORE, logistic EuroSCORE and EuroSCORE II algorithms in 461 patients who underwent surgery on the thoracic aorta during a period of 20 years (1993-2013). The actual in-hospital mortality rates in the low- (additive EuroSCORE of 3-6), moderate- (7-11) and high-risk (≥11) groups (followed by overall mortality) were 1.3, 6.2 and 14.4% (7.2% overall), respectively. Among the three different risk groups, the expected mortality rates were 5.5 ± 0.6, 9.1 ± 0.7 and 13.5 ± 0.2% (9.5 ± 0.1% overall) by the additive EuroSCORE algorithm, 5.3 ± 0.1, 16 ± 0.4 and 42.4 ± 1.3% (19.9 ± 0.7% overall) by the logistic EuroSCORE algorithm and 1.6 ± 0.1, 5.2 ± 0.2 and 18.5 ± 1.3% (7.4 ± 0.4% overall) by the EuroSCORE II algorithm, indicating poor prediction (P algorithms were 0.6937, 0.7169 and 0.7697, respectively. Thus, the mortality expected by the EuroSCORE II more closely matched the actual mortality in all three risk groups. In contrast, the mortality expected by the logistic EuroSCORE overestimated the risks in the moderate- (P = 0.0002) and high-risk (P < 0.0001) patient groups. Although all of the original EuroSCOREs and EuroSCORE II appreciably predicted the surgical mortality for thoracic aortic surgery in Japanese patients, the EuroSCORE II best predicted the mortalities in all risk groups.

  19. THE RISE OF MOBILE BANKING

    Directory of Open Access Journals (Sweden)

    IMOLA DRIGĂ

    2015-12-01

    Full Text Available To meet customer’s expectations and needs, electronic banking services have allowed financial transactions to simplify and have increased their attractiveness. Over the past few year, in order to increase customer comfort and maintain profitability, banks around the world have adopted innovative banking technologies and modern e-banking services, such as internet and mobile banking. As a matter of fact, banking over mobile phones is the newest e-banking service with several benefits for both customers and banks. The paper aims to provide an overview of the latest electronic financial channel, underlining various aspects of mobile banking as it represents a key distribution channel for a growing number of customers.

  20. ANALYSIS OF THE EFFECTS OF THE EURO CHANGEOVER ON THE INFLATION AFTER 2007

    Directory of Open Access Journals (Sweden)

    PATRIK BÖHM

    2016-04-01

    Full Text Available In this paper we study the so-called changeover effect in six states that adopted Euro after 2007. We developed the new model for computation of the changeover effect. It is based on the comparison of the inflation in state that adopted Euro with average inflation in other states that are geographically near the evaluated state and have similar economics. To capture long-term impact of Euro introduction on inflation we monitored the inflation for 18 months: 6 months before Euro introduction and 12 months after it. We observed that the biggest changeover effect in 18 months was in Estonia. The inflation was 2.53% bigger than the average inflation in benchmark states. Similarly, the changeover effect in Malta was 1.08%, 1.86% in Slovenia and 0.93% in Cyprus. We did not observe any changeover effect in Latvia nor Slovakia. We also formed three regression models to predict the behavior of inflation in 2015. We used them to estimate the total inflation in Lithuania, the last state that adopted Euro on 1 January 2015. The linear model gives interval estimation of the total inflation in 18 months (1.27%; 4.76% and logarithmic model gives interval (-0.09%; 3.34%.

  1. Stress in an Island kangaroo? The Barrow Island euro, Macropus robustus isabellinus.

    Science.gov (United States)

    King, J M; Bradshaw, S D

    2010-05-15

    Selected physiological parameters were monitored over a 4-year period in the Barrow Island euro, Macropus robustus isabellinus, in Western Australia in a study of this species' homeostatic capabilities in an extremely arid habitat where individuals are exposed to high environmental temperatures and a lack of free water for much of the year. Evidence was found of a significant change in the animal's milieu intérieur on only one occasion on Barrow Island: in November 1994, following a protracted 8-month drought. Euros had significantly elevated levels of plasma osmolality, cortisol, anti-diuretic hormone (lysine vasopressin - LVP), and a reduced eosinophil count. This suggests that these animals may have been dehydrated, despite the operation of appropriate physiological responses to water deprivation. Lower eosinophil counts also suggest that immune function may have been suppressed as a result of the elevated corticosteroid levels. Comparisons with the mainland sub-species of the euro revealed the presence of a non-generative normocytic hypochromic anaemia in Barrow Island euros that potentially compromises their aerobic capacity. Barrow Island is Australia's most important A Class Reserve, harbouring 8 species of marsupials, 4 of which are now extinct, or virtually so, on the adjacent mainland. This study reveals the remarkable effectiveness of the euro's homeostatic capacities, however, its future conservation depends on ensuring that potential stress due to declining water availability and environmental change is avoided. Copyright 2010 Elsevier Inc. All rights reserved.

  2. Main Economic Policies in order to Manage an Optimum Accession of Romania to the Euro Zone

    Directory of Open Access Journals (Sweden)

    Lucian ANGHEL

    2015-03-01

    Full Text Available The present paper aims at analysing several options concerning the economic policies Romania should adopt in the following years, in order to attenuate the long term vulnerabilities within the process of joining to the Euro zone, with the observation that, the economic policies proposed in the current work were selected mainly based on the decisive factors for the real equilibrium exchange rate in Romania. Fulfilling the nominal criteria for adhesion can prove itself to be more facile but not able to ensure, on a long term and in a sustainable manner, reaching an optimum for the economy that adheres irreversibly to the Euro zone. It is important to analyze how the competitiveness of other economies evolved prior and after joining the Euro zone, from the perspective of identifying some economic policies meant to ensure the accomplishment of the real convergence criteria to the Euro zone for Romania’s case, on a long term. The economic policies proposed by the authors try to help covering the greatest delays for Romania in comparison with other states in the Euro zone and which, unsolved, can create in time significant vulnerabilities on a long term, having a negative impact for many generations of Romanians from now on.

  3. Possible Risks of a too Early Adoption of Euro in Romania

    Directory of Open Access Journals (Sweden)

    Roxana BĂDÎRCEA

    2017-11-01

    Full Text Available The aim of this article is to identify a possible risks generated by the Euro adoption for the Romanian economy, starting from the costs identified by the Optimal Currency Area theory. In this respect, we analyse the degree of convergence of Romanian economy related to the Euro Area. We use for this comparison of the Structural Convergence Index and the Index of Occupational Convergence, the Commercial Integration Degree using the trade intensity, and the Synchronization Degree of Business Cycles of Romania with the Euro Area through the analysis of correlation coefficients for business activity indicators i.e. GDP and Industrial Production Index. The background of the economic crisis was a test for the perspectives of Euro adoption by Romania; where, the negative external shock was transmitted through the trade channels with foreign partners. The monetary policy of the country proved to be inefficient in neutralizing the corresponding negative effects. The solution envisaged by the authorities was the use of an external adjustment mechanism rather than an internal one. However, in this case, the negative effects of the crisis will persist in the economy and will increase the adoption costs under the circumstances of a structural divergence between the Romanian economy and the Euro Area.

  4. EuroPhenome: a repository for high-throughput mouse phenotyping data.

    Science.gov (United States)

    Morgan, Hugh; Beck, Tim; Blake, Andrew; Gates, Hilary; Adams, Niels; Debouzy, Guillaume; Leblanc, Sophie; Lengger, Christoph; Maier, Holger; Melvin, David; Meziane, Hamid; Richardson, Dave; Wells, Sara; White, Jacqui; Wood, Joe; de Angelis, Martin Hrabé; Brown, Steve D M; Hancock, John M; Mallon, Ann-Marie

    2010-01-01

    The broad aim of biomedical science in the postgenomic era is to link genomic and phenotype information to allow deeper understanding of the processes leading from genomic changes to altered phenotype and disease. The EuroPhenome project (http://www.EuroPhenome.org) is a comprehensive resource for raw and annotated high-throughput phenotyping data arising from projects such as EUMODIC. EUMODIC is gathering data from the EMPReSSslim pipeline (http://www.empress.har.mrc.ac.uk/) which is performed on inbred mouse strains and knock-out lines arising from the EUCOMM project. The EuroPhenome interface allows the user to access the data via the phenotype or genotype. It also allows the user to access the data in a variety of ways, including graphical display, statistical analysis and access to the raw data via web services. The raw phenotyping data captured in EuroPhenome is annotated by an annotation pipeline which automatically identifies statistically different mutants from the appropriate baseline and assigns ontology terms for that specific test. Mutant phenotypes can be quickly identified using two EuroPhenome tools: PhenoMap, a graphical representation of statistically relevant phenotypes, and mining for a mutant using ontology terms. To assist with data definition and cross-database comparisons, phenotype data is annotated using combinations of terms from biological ontologies.

  5. LE BINOME EURO-DOLLAR SOUS LE SIGNE DE L’INCERTITUDE

    Directory of Open Access Journals (Sweden)

    Ana Bal

    2009-03-01

    Full Text Available Will the Dollar remain the dominant international currency (mainly as a reserve currency? To answer this question, the paper presents in the first part the opinions of the most prominent experts concerning the determinant factors of an international currency status, in the two sphere of utilization: public and private. The most important are: the magnitude of the economies of emission, the externalities of network, the liquidity of their financial market, the confidence in their stability. Then there follows the evaluations concerning the two international currencies, Dollar and Euro, from these perspectives. Finally, the paper evaluates their role as measure of value, instrument of reserve and instrument of payment in the international economic relations. In the second part, the paper evaluates the recent tendencies of the exchange rate Euro/Dollar (2006-2008 from the point of view of fundamentals. After a period of depreciation, from the middle of the year 2008 until now, the dollar marked an unexpected appreciation towards the euro. But, the global financial and economic crisis increases the incertitude concerning the evolution of the exchange rate euro/dollar. Undoubtedly the two currencies will remain the prominent international currencies and the dollar the main reserve currency. Finally the paper presents Mundell’s proposal of stabilization of the binomial euro/dollar.

  6. L'attività internazionale delle banche italiane: una sintesi degli ultimi dieci anni (The International Activity of Italian Banks: A Synthesis of the Last Ten Years

    Directory of Open Access Journals (Sweden)

    Riccardo De Bonis

    2012-04-01

    Full Text Available This paper examines the developments of the Italian banking system during the Nineties from two related points of view: net external position and degree of internationalisation, i.e. branches and subsidiaries abroad. These themes seem particularly interesting in the light of the widespread belief that the euro area will significantly increase banking competition and cross-border operations in coming years. We find two major forces driving banks' external net position: the growth in loans to domestic borrowers and the convergence in interest rate levels across European countries. The development of foreign branches and subsidiaries has been influenced by two counterbalancing forces; the big banking groups reduced their presence abroad while some medium-sized banks opened their first branches; the focus of foreign branches and subsidiaries has been on specific segments of banking activities, very often exploiting "localization" advantages. Despite the improvement in the Nineties, Italian banks have tended to show a relatively low degree of internationalisation compared with the main European banking system.              JEL Codes: G21, F23Keywords: Bank, Banking

  7. Trends in Banking System Globalization

    Directory of Open Access Journals (Sweden)

    Emanuela Mihaela Savu

    2006-08-01

    Full Text Available The research comprises four chapters: internationalization and banking concentration – in the last two decades, banking systems from developed economies undergoing an unprecedented process of transformation: due to the internationalization and to the concentration of the banking activities; multinational banks – globalization led to the appearance of new centers of power, exercising a seemingly growing influence; banking partnerships/alliances – have become an alternative to the organic growth strategies, engaging in diverse organizational structures, from distribution agreements on various financial services to the formation of new entities; free banking areas – have set the pace for new trends in the global financial services industry.

  8. Bank Customers Management System

    Directory of Open Access Journals (Sweden)

    Ebubeogu Amarachukwu Felix

    2015-08-01

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

  9. Skin lymphoma.

    Science.gov (United States)

    Morris, S L

    2012-06-01

    Lymphoma arising from the skin is the second most common site of extra-nodal non-Hodgkin's lymphoma. Over the last 25 years, the incidence has been rising. There is now a new World Health Organization/European Organization for Research and Treatment of Cancer joint classification for cutaneous lymphomas and new proposed International Society for Cutaneous Lymphomas/European Organization for Research and Treatment of Cancer staging systems. This overview examines the role of radiotherapy in the current management of cutaneous T- and B-cell lymphomas encompassing technological advances, new systemic therapies and novel radio-enhancing therapies now available. Modern total skin electron beam radiotherapy and the current low-dose and combination approaches are reviewed. Radiotherapy has remained the most successful treatment for cutaneous lymphoma over the last 50 years and with the technological advances and combination approaches available now and in the future will remain so for the next 50 years. Copyright © 2012. Published by Elsevier Ltd.

  10. Skin Keratins.

    Science.gov (United States)

    Wang, Fengrong; Zieman, Abigail; Coulombe, Pierre A

    2016-01-01

    Keratins comprise the type I and type II intermediate filament-forming proteins and occur primarily in epithelial cells. They are encoded by 54 evolutionarily conserved genes (28 type I, 26 type II) and regulated in a pairwise and tissue type-, differentiation-, and context-dependent manner. Keratins serve multiple homeostatic and stress-enhanced mechanical and nonmechanical functions in epithelia, including the maintenance of cellular integrity, regulation of cell growth and migration, and protection from apoptosis. These functions are tightly regulated by posttranslational modifications as well as keratin-associated proteins. Genetically determined alterations in keratin-coding sequences underlie highly penetrant and rare disorders whose pathophysiology reflects cell fragility and/or altered tissue homeostasis. Moreover, keratin mutation or misregulation represents risk factors or genetic modifiers for several acute and chronic diseases. This chapter focuses on keratins that are expressed in skin epithelia, and details a number of basic protocols and assays that have proven useful for analyses being carried out in skin. Copyright © 2016 Elsevier Inc. All rights reserved.

  11. 12 CFR 211.22 - Interstate banking operations of foreign banking organizations.

    Science.gov (United States)

    2010-01-01

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

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

    Science.gov (United States)

    2010-01-01

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

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

    National Research Council Canada - National Science Library

    Alexiou, Constantinos; Sofoklis, Voyazas

    2009-01-01

    This paper investigates the effects of bank-specific and macroeconomic determinants of bank profitability, using an empirical framework that incorporates the traditional Structure-Conduct- Performance (SCP) hypothesis...

  14. Cyber risk in banking

    OpenAIRE

    Linert, Jan

    2015-01-01

    The bachelor thesis deals with the cyber risk in banking industry. Its main goal is to stress the imporatance of cyber risk both verbally and numericaly and review the approach of banks to this risk. The first part of this thesis specifies what cyber risk is and how it fits among other operational risks, presents the common cyber-attacks and archetypes of cyber criminals, later it delves into the cyber risk in Czech Republic and at the end of this part it mentions the legislation that covers ...

  15. Central Bank independence

    Directory of Open Access Journals (Sweden)

    Vasile DEDU

    2012-08-01

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

  16. Leishmaniasis acquired by travellers to endemic regions in Europe: a EuroTravNet multi-centre study.

    Science.gov (United States)

    Ehehalt, Urs; Schunk, Mirjam; Jensenius, Mogens; van Genderen, Perry J J; Gkrania-Klotsas, Effrossyni; Chappuis, François; Schlagenhauf, Patricia; Castelli, Francesco; Lopez-Velez, Rogelio; Parola, Philippe; Burchard, Gerd D; Cramer, Jakob P

    2014-01-01

    Leishmaniasis is a disease caused by protozoan parasites of the genus Leishmania. Clinical manifestations of leishmaniasis include cutaneous leishmaniasis (CL) and visceral leishmaniasis (VL). About 90% of cases occur in the tropics or subtropics but the disease is also endemic in the Mediterranean area. No systematic analysis on leishmaniasis in travellers visiting endemic areas in Europe is available. Within the European travel medicine network EuroTravNet, we performed a retrospective analysis in travellers who acquired leishmaniasis within Europe diagnosed between 2000 and 2012. Forty cases of leishmaniasis (30 CL and 10 VL) were identified; the majority were acquired in Spain (n = 20, 50%), Malta and Italy (each n = 7, 18%). Median age was 48 years (range 1-79). Three of eight (37.5%) of the VL patients were on immunosuppressive therapy. The most frequent reason for travel was tourism (83%). Median duration of travel for patients with CL and VL was 2 weeks with ranges of 1-21 weeks in CL and 1-67 weeks in VL, respectively (P = 0.03). Health professionals should include leishmaniasis in the differential diagnosis in patients returning from southern Europe - including short-term travellers - with typical skin lesions or systemic alterations like fever, hepatosplenomegaly and pancytopenia. Copyright © 2013 Elsevier Ltd. All rights reserved.

  17. The Price Convergence of the Czech Republic and Euro Zone Countries

    Directory of Open Access Journals (Sweden)

    Kovářová Jana

    2012-06-01

    Full Text Available The subject of the article was to study a price convergence of the Czech Republic (CR and Euro zone countries in the two aspects: spatial and time aspect. In the first one the convergence of selected economies to the Euro zone average price level was researched. In the second one the convergence or divergence process was studied in the individual years of the analysis. The main aim was to prove the hypothesis that the price level of the CR converged to the average price level of the Euro zone in the selected time period 1995-2010. An analysis was conducted by the panel data regression model. The data of comparative price levels of GDP (CPL used in the analysis were obtained in the Eurostat database.

  18. Regional differences in self-reported HIV care and management in the EuroSIDA study

    DEFF Research Database (Denmark)

    Laut, Kamilla Grønborg; Mocroft, Amanda; Lazarus, Jeffrey

    2014-01-01

    for tobacco use, alcohol consumption and drug use (Figure 1). Screening for cervical cancer and for anorectal cancer was low in both regions (Figure 1). CONCLUSIONS: We found significant regional variability in self-reported HIV management across Europe, with less resistance testing, screening for CVD......INTRODUCTION: EuroSIDA has previously reported a poorer clinical prognosis for HIV-positive individuals in Eastern Europe (EE) as compared with patients from other parts of Europe, not solely explained by differences in patient characteristics. We explored regional variability in self-reported HIV...... management at individual EuroSIDA clinics, with a goal of identifying opportunities to reduce the apparent inequalities in health. METHODS: A survey (www.chip.dk/eurosida/csurvey) on HIV management was conducted in early 2014 in all currently active EuroSIDA clinics. Responders in EE were compared...

  19. Post-Keynesian alternative policies to curb macroeconomic imbalances in the Euro area

    Directory of Open Access Journals (Sweden)

    Hein Eckhard

    2015-01-01

    Full Text Available In this paper we outline alternative post-Keynesian policy recommendations addressing the problems of differential inflation, divergence in competitiveness and associated current account imbalances within the Euro area. We provide a basic framework in order to systematically address the related issues making use of Anthony P. Thirlwall’s (1979, 2002 model of a “balance-of-payments-constrained growth rate” (BPCGR. Based on this framework, we outline the required stance for alternative economic policies and then we discuss the implications for alternative monetary, wage/incomes and fiscal policies in the Euro area as a whole, as well as the consequences for structural and regional policies in the Euro area periphery, in particular.

  20. [Effects of fuel properties on the performance of a typical Euro IV diesel engine].

    Science.gov (United States)

    Chen, Wen-miao; Wang, Jian-xin; Shuai, Shi-jin

    2008-09-01

    With the purpose of establishing diesel fuel standard for China National 4th Emission Standard, as one part of Beijing "Auto-Oil" programme, engine performance test has been done on a typical Euro IV diesel engine using eight diesel fuels with different fuel properties. Test results show that, fuel properties has little effect on power, fuel consumption, and in-cylinder combustion process of tested Euro IV diesel engine; sulfate in PM and gaseous SO2 emissions increase linearly with diesel sulfur content increase; cetane number increase cause BSFC and PM reduce and NOx increase; T90 decrease cause NOx reduce while PM shows trend of reduce. Prediction equations of tested Euro IV diesel engine's ESC cycle NOx and PM emissions before SCR response to diesel fuel sulfur content, cetane number, T90 and aromatics have been obtained using linear regression method on the base of test results.

  1. Adopting the euro: Romanian perspectives in the context of the global financial crisis

    Directory of Open Access Journals (Sweden)

    Oros, A.

    2013-06-01

    Full Text Available The objective of this paper is to examine Romania’s capacity to fulfil the nominal convergence criteria in the current context, in order to follow the calendar proposed for euro adoption in 2015. The paper analyzed the evolution of all five criteria under the impact of the current financial crisis and also looked at the forecast provided by national and international authorities. The study was conducted considering the relative situation with the euro area. The main finding is that the actual target for euro adoption could be complied with, provided further progress is made. We have also fond that the target should be achieved as it would represent a strong stimulus for the local government to implement additional measures to reduce public indebtedness and inflationary pressure.

  2. Turismo lungo le aree costiere euro- mediterranee: dalla scoperta, al consumo, al progetto del paesaggio

    Directory of Open Access Journals (Sweden)

    Emma Salizzoni

    2015-11-01

    Full Text Available The critical implications for the landscape which have been caused by seaside tourism are today evident along the Euro-Mediterranean coastal areas. This typology of demand for tourism, consolidating since the second half of the twentieth century, deeply alterated the coasts of Spain, France and Italy. The value and vulnerability of Euro-Mediterranean coastal landscapes as well as the expected growth of the number of tourists along these areas, highlight the need to develop policies able to manage such phenomenon, also by way of an enhancement of alternative tourism typologies. This is the main objective of the policies developed in the context of three Protected Landscapes situated along the Euro-Mediterranean coast, explicitly aimed at identifying specific forms of integration between tourism development and landscape conservation.

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

    Directory of Open Access Journals (Sweden)

    C. Rootman

    2007-12-01

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

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

    Directory of Open Access Journals (Sweden)

    C. Rootman

    2007-12-01

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

  5. PATHWAYS TO SUSTAINABLE BANKING MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Dragan (Santamarian Oana Raluca

    2012-12-01

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

  6. Poweo - 2007 revenue of 363 million euro, up 48%; Poweo - Chiffre d'affaires 2007 de 363 millions euro, en hausse de 48%

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-02-15

    Poweo, the leading independent energy operator in France, presents its key activity indicators for the 4. quarter 2007 and the overall 2007 year (non-audited data): electricity and gas sales, energy and service supplies, revenue, margin and income. The main results are summarized thereafter: 129.8 million euro revenue for the 4. quarter (67.1% of positive growth with respect to 2006); 363.1 million euro revenue for 2007 (48.5% increase with respect to 2006); 91431 active client sites on December 31, 2007 (80300 on December 31, 2006); 13000 new residential client sites registered since the beginning of 2008; more than 3800 MW of fossil fuel power plant projects and 1200 MW of renewable power plant projects (500 MW in offshore wind power) with 30 to 100% estimated rates of success; a 41 MW wind power capacity already in operation. (J.S.)

  7. An Evaluation of Banks' Liability in Robbery Incidents at Banks ...

    African Journals Online (AJOL)

    The spate of armed robbery attack on banks in the last decade has been alarming. It is hoped with the current Central Bank of Nigeria (CBN) cashless policy there will be a drastic drop in such incidents. However, the issue of armed robbery attack at the bank premises brings to the fore two issues which are of paramount ...

  8. Capital Adequacy in Banks: Reflections on Selected Banks in ...

    African Journals Online (AJOL)

    In principle, bank capital serves two functions. First, it represents the value of shareholder's equity, and secondly, it is the value of the buffer stock available to absorb unexpected losses. Because of this second function, it is argued that a bank's capital must be adequate. Adequate capital is the foundation of any banking ...

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

    NARCIS (Netherlands)

    Uittenbogaard, R.A.

    2014-01-01

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

  10. PAH, BTEX, carbonyl compound, black-carbon, NO2 and ultrafine particle dynamometer bench emissions for Euro 4 and Euro 5 diesel and gasoline passenger cars

    Science.gov (United States)

    Louis, Cédric; Liu, Yao; Tassel, Patrick; Perret, Pascal; Chaumond, Agnès; André, Michel

    2016-09-01

    Although implementing Diesel particulate filters (DPF) and other novel aftertreatment technologies makes it possible to achieve significant reductions in particle mass emissions, it may induce the release of ultrafine particles and emissions of many other unregulated compounds. This paper focuses on (i) ultrafine particles, black carbon, BTEX, PAH, carbonyl compounds, and NO2 emissions from Euro 4 and Euro 5 Diesel and gasoline passenger cars, (ii) the influence of driving conditions (e.g., cold start, urban, rural and motorway conditions), and (iii) the impact of additive and catalysed DPF devices on vehicle emissions. Chassis dynamometer tests were conducted on four Euro 5 vehicles and two Euro 4 vehicles: gasoline vehicles with and without direct injection system and Diesel vehicles equipped with additive and catalysed particulate filters. The results showed that compared to hot-start cycles, cold-start urban cycles increased all pollutant emissions by a factor of two. The sole exception was NO2, which was reduced by a factor of 1.3-6. Particulate and black carbon emissions from the gasoline engines were significantly higher than those from the Diesel engines equipped with DPF. Moreover, the catalysed DPF emitted about 3-10 times more carbonyl compounds and particles than additive DPF, respectively, during urban driving cycles, while the additive DPF vehicles emitted 2 and 5 times more BTEX and carbonyl compounds during motorway driving cycles. Regarding particle number distribution, the motorway driving cycle induced the emission of particles smaller in diameter (mode at 15 nm) than the urban cold-start cycle (mode at 80-100 nm). The results showed a clear positive correlation between particle, black carbon, and BTEX emissions, and a negative correlation between particles and NO2.

  11. Did Inflation Really Soar After the Euro Cash Changeover? Indirect Evidence from ATM Withdrawals

    OpenAIRE

    Paolo Angelini; Francesco Lippi

    2005-01-01

    The introduction of the euro notes and coins during the first months of 2002 was followed by a lively debate on the alleged inflationary effects of the new currency. In Italy, as in the rest of the euro area, survey-based measures signaled a much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this paper we gather indirect evidence on the behaviour of prices from the analysis of cash withdrawals from ATM and their determinants....

  12. Infectious diseases among travellers and migrants in Europe, EuroTravNet 2010.

    Science.gov (United States)

    Gautret, P; Cramer, J P; Field, V; Caumes, E; Jensenius, M; Gkrania-Klotsas, E; de Vries, P J; Grobusch, M P; Lopez-Velez, R; Castelli, F; Schlagenhauf, P; Hervius Askling, H; von Sonnenburg, F; Lalloo, D G; Loutan, L; Rapp, C; Basto, F; Santos O'Connor, F; Weld, L; Parola, P

    2012-06-28

    To investigate trends in travel-associated morbidity with particular emphasis on emerging infections with the potential for introduction into Europe, diagnoses of 7,408 returning travellers presenting to 16 EuroTravNet sites in 2010 were compared with 2008 and 2009. A significant increase in reported Plasmodium falciparum malaria (n=361 (6% of all travel-related morbidity) vs. n=254 (4%) and 260 (5%); ptravellers, captured by EuroTravnet, continue to highlight the potential role of travellers in the emergence of infectious diseases of public health concern in Europe and the relevance of offering medical travel advice and enforcing specific and adequate prophylaxis.

  13. Euro-Argo: The European contribution to the global Argo ocean observations network

    Science.gov (United States)

    Gourcuff, Claire

    2017-04-01

    The international Argo programme is a major element of the global in-situ ocean observing system. More than 3900 floats are now globally measuring temperature and salinity throughout the global oceans, down to 2,000 meters depth and delivering data both in real time for operational users and after careful scientific quality control for climate change research and monitoring. Argo is the single most important in-situ observing system for the Copernicus Marine Service. The Euro-Argo research infrastructure organizes and federates European contribution to Argo. A legal and governance framework (Euro-Argo ERIC) was set up in May 2014; it allows European countries to consolidate and improve their contribution to Argo international. We will provide an overview of the development of Euro-Argo over the past years and present the now agreed Euro-Argo long term organization. The capability of the Euro-Argo infrastructure to organize Argo floats procurement, deployment and processing at European level and to conduct R&D driven by Copernicus needs will be highlighted. During the recent years, within the H2020 E-AIMS project, Euro-Argo carried R&D activities on new Argo floats, equipped with biogeochemical sensors or able to dive up to 4000m, from the floats design up to the analysis of their measurements. European Argo data centers were adapted so that they can handle the new data. Observing System Evaluations and Simulation Experiments were also conducted to provide robust recommendations for the next phase of Argo. One of the main challenges for Euro-Argo is now to implement the next phase of Argo with an extension towards biogeochemistry (e.g. oxygen, biology), the polar oceans, the marginal seas and the deep ocean. Meeting such challenges is essential for the long term sustainability and evolution of the Copernicus Marine Service. We will present Euro-Argo strategy and provide some highlights on the implementation-plan for the years to come and the Argo extensions for the

  14. The risks of Euro adoption in Romania – an analysis based on ten criteria

    Directory of Open Access Journals (Sweden)

    Marius-Corneliu MARINAŞ

    2013-01-01

    Full Text Available In this study, I have proposed and examined ten criteria to analyze the challenges of joining at Monetary Union, explaining the need to include them in government and multinational companies’ strategies. The criteria adopted in the case of Romania concern the potential impact of Euro adoption on economic activities, the common monetary policy effects on the Romanian economy, synchronization with the Euro area, labour market flexibility, as a tool of shocks adjustment etc. After stating each criterion, I have made a brief analysis of how that could affect the balance of costs and benefits of giving up own currency, using conclusions of the optimum currency areas theory.

  15. Bank service management in Ghana

    DEFF Research Database (Denmark)

    Kuada, John; Narteh, Bedman

    2011-01-01

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

  16. BANKING SUPERVISION IN EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Lavinia Mihaela GUȚU

    2013-10-01

    Full Text Available The need for prudential supervision imposed to banks by law arises from the action that banking market’s basic factors have. Therefore, it is about banks’ role in economy. The normal functioning of banks in all their important duties maintains the stability of banking system. Further, the stability of the entire economy depends on the stability of the banking system. Under conditions of imbalance regarding treasury or liquidity, banks are faced with unmanageable crisis and the consequences can be fatal. To ensure long-term stability of the banking system, supervisory regulations were constituted in order to prevent banks focusing on achieving rapidly high profits and protect the interests of depositors. Starting from this point, this paper will carry out a study on existing models of supervision in the European Union’s Member States. A comparison between them will support identifying the advantages and disadvantages of each of them.

  17. Introducing banked allograft skin to burn surgery in South Africa

    African Journals Online (AJOL)

    1 Edendale Hospital Burn Service, Pietermaritzburg; and Department of Surgery, School of Clinical Medicine, College of Health Sciences,. Nelson R Mandela ... Ann. Burns Fire Disasters 2011;24(1):7-8. 2. Rogers AD, Price CE, Wallis L, Rode H. Towards a national burns disaster plan. S Afr J Surg 2012;49(4):174-177. 3.

  18. Flora, life form and chorological study of soil seed bank in Sisangan box tree (Buxus hyrcanus Pojark Forest Reserve

    Directory of Open Access Journals (Sweden)

    Moslem Akbarinia

    2014-08-01

    Full Text Available The present study involves the soil seed bank flora of the Sisangan Box tree (Buxus hyrcanus Pojark reserve by using seedling emergence method. 150 soil samples were collected during late June and early November by hammering a hollow metal frame 400 cm2 to a depth of 5 cm. Results showed 67 species, representing 63 genera and 38 families germinated from soil seed bank. 45 species belonging to 28 families and 59 species belonging to 32 families were recorded in June and November soil seed bank respectively. The largest families were Asteraceae (7 species, 10.5%, Lamiaceae (6 species, 9%, Poaceae (5 species, 7.5% and Rosaceae (4 species, 6% which compromised 32.8% percent of the total species in the soil seed bank. Results also showed that Hemicrptophytes (28.4% and Euro-Sibria elements (23/9% were the most important biological spectrum and phytochorion respectivly in the soil seed bank of Sisangan forest. From the total number of species recorded in seed bank, 30 species (44.6 % were found only in the seed bank and never observed in above-ground vegetation. In this regard, seeds of 10 woody species including Albizia julibrissin, Ficus carica, Morus alba, Diospyrus lotus, Celtis australis, Gleditsia caspica, Buxus hyrcana, Ulmus minor, Zelkova carpinifolia and Carpinus betulus were found in the soil seed bank, from which only 6 species were able to produce persistent soil seed bank. This condition confirmed low similarity between above-ground vegetation and persistent soil seed bank and it also reiterated the importance of soil seed bank study for introducing more accurate capacity of plant biodiversity.

  19. Anyone Can Get Skin Cancer

    Science.gov (United States)

    ... of Skin Cancer Skin Cancer Screening Research Anyone Can Get Skin Cancer Order the free Anyone Can ... rarely, younger children can develop skin cancer. How can people with dark skin get skin cancer? Although ...

  20. Risks of Skin Cancer Screening

    Science.gov (United States)

    ... of Skin Cancer Skin Cancer Screening Research Skin Cancer Screening (PDQ®)–Patient Version What is screening? Go to ... all skin colors can get skin cancer. Skin Cancer Screening Key Points Tests are used to screen for ...

  1. The pricing of bank debt guarantees

    NARCIS (Netherlands)

    Arping, S.

    2010-01-01

    We analyze the desirability of fair pricing of government guarantees for bank liabilities. Fair pricing is desirable only if the banking sector is sufficiently transparent. In opaque banking systems, fair pricing may exacerbate banks' incentive to take excessive risks.

  2. Determinants of Iranian bank profitability

    OpenAIRE

    Hassan Ghodrati; Mohammad Ghasemi

    2014-01-01

    Banks are the most important tool for preparing and supplying money in each country. In recent years, by institution of the new private banks and privatization of the governmental banks, banking competition has become very complex. This paper performs an empirical investigation to study the effects of different factors on return on assets and return on equities on 18 selected Iranian firms over the period 2002-2011. Using different regression models, the study studies the effects of total ass...

  3. Banking on Diversity

    Science.gov (United States)

    Roach, Ronald

    2010-01-01

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

  4. Kosovo Banking Paradox

    Directory of Open Access Journals (Sweden)

    Florin Aliu

    2016-12-01

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

  5. UBS BANK INFORMATION

    CERN Multimedia

    UBS, CERN branch

    2002-01-01

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

  6. Human milk banking guidelines.

    Science.gov (United States)

    Bharadva, Ketan; Tiwari, Satish; Mishra, Sudhir; Mukhopadhyay, Kanya; Yadav, Balraj; Agarwal, R K; Kumar, Vishesh

    2014-06-01

    WHO and UNICEF state that the use of human milk from other sources should be the first alternative when it is not possible for the mother to breastfeed. Human milk banks should be made available in appropriate situations. The IYCF Chapter is actively concerned about the compelling use of formula feeds in the infants because of the non availability of human breast milk banks. A National Consultative Meet for framing guidelines was summoned by the IYCF Chapter and the Ministry of Health and Family Welfare, Government of India on 30th June, 2013, with representations from various stakeholders. The guidelines were drafted after an extensive literature review and discussions. Though these guidelines are based on the experiences and guidelines from other countries, changes have been made to suit the Indian setup, culture and needs, without compromising scientific evidence. To ensure quality of donated breast milk as a safe end product. Human Milk Banking Association should be constituted, and human milk banks should be established across the country. National coordination mechanism should be developed with a secretariat and technical support to follow-up on action in States. Budgetary provisions should be made available for the activities.

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

    Science.gov (United States)

    2010-01-01

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

  8. Can taxes tame the banks?

    DEFF Research Database (Denmark)

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

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

  9. Bank lending in transition economies

    NARCIS (Netherlands)

    Perotti, E.C.

    1993-01-01

    Bank privatization and tighter credit enforcement are believed indispensable to facilitate the Eastern European transition process. We analyze lending by value-maximizing banks, the only source of capital in the transition, faced by non-performing loans to the state-owned sector. We show that banks

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

    Directory of Open Access Journals (Sweden)

    Alexiou Constantinos

    2009-01-01

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

  11. Banking on women's spirit.

    Science.gov (United States)

    Yunus, M

    1993-11-01

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

  12. GREEN BANKING IN INDIA: PROBLEMS AND PROSPECTS

    OpenAIRE

    Dr. Bibhu Prasad Sahoo; Amandeep Singh; Mr. Neeraj Jain

    2016-01-01

    Green banking is different from traditional banking, as green banking focus on promoting environment friendly banking. Green banking is also known as ethical banking. This paper attempts to analyze the adoption of green banking products among customers with different age groups. ANOVA and post hoc tests are applied for analyzing the objectives. This paper finding explains that there is significant difference in the usage of green banking products across various age groups individuals, as youn...

  13. Proinflammatory Effects of Diesel Exhaust Nanoparticles on Scleroderma Skin Cells

    Directory of Open Access Journals (Sweden)

    A. Mastrofrancesco

    2014-01-01

    Full Text Available Autoimmune diseases are complex disorders of unknown etiology thought to result from interactions between genetic and environmental factors. We aimed to verify whether environmental pollution from diesel engine exhaust nanoparticulate (DEP of actually operating vehicles could play a role in the development of a rare immune-mediated disease, systemic sclerosis (SSc, in which the pathogenetic role of environment has been highlighted. The effects of carbon-based nanoparticulate collected at the exhaust of newer (Euro 5 and older (Euro 4 diesel engines on SSc skin keratinocytes and fibroblasts were evaluated in vitro by assessing the mRNA expression of inflammatory cytokines (IL-1α, IL-6, IL-8, and TNF-α and fibroblast chemical mediators (metalloproteases 2, 3, 7, 9, and 12; collagen types I and III; VEGF. DEP was shown to stimulate cytokine gene expression at a higher extent in SSc keratinocytes versus normal cells. Moreover, the mRNA gene expression of all MMPs, collagen types, and VEGF genes was significantly higher in untreated SSc fibroblasts versus controls. Euro 5 particle exposure increased the mRNA expression of MMP-2, -7, and -9 in SSc fibroblasts in a dose dependent manner and only at the highest concentration in normal cells. We suggest that environmental DEP could trigger the development of SSc acting on genetically hyperreactive cell systems.

  14. EuroWordNet : a multilingual database of autonomous and language-specific wordnets connected via Inter-Lingual-Index

    NARCIS (Netherlands)

    Vossen, P.T.J.M.

    2004-01-01

    This paper describes the multilingual design of the EuroWordNet database. The EuroWordNet database stores wordnets as autonomous language -specific structures that are interconnected via an Inter-Lingual-Index (ILI). In this paper, we discuss the possibilities to create mappings from each wordnet

  15. 26 CFR 1.985-8 - Special rules applicable to the European Monetary Union (conversion to euro).

    Science.gov (United States)

    2010-04-01

    ... at €1= DM2. Assume further that the euro/guilder conversion rate is set at €1 = fl2.25. Accordingly.... Assume that the euro/deutschmark conversion rate is set by the European Council at €1 = DM2. Assume...

  16. Utilidad de EuroSCORE-II en pacientes con cardiopatía isquémica

    Directory of Open Access Journals (Sweden)

    Rubén Álvarez-Cabo

    2017-03-01

    Conclusiones: Los 2 modelos sobrestiman mortalidad; sin embargo, EuroSCORE-II supera a EuroSCORE-Logístico para estimación de mortalidad en cirugía coronaria, con mejor discriminación y calibración.

  17. Bank Insolvency Procedures and Market Discipline in European Banking

    DEFF Research Database (Denmark)

    Angkinand, Apanard; Wihlborg, Clas

    2005-01-01

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

  18. Factors Affecting Bank Switching Intentions in E-Banking

    Directory of Open Access Journals (Sweden)

    Leyla ÖZER

    2012-12-01

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

  19. 12 CFR 204.121 - Bankers' banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Bankers' banks. 204.121 Section 204.121 Banks... REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D) Interpretations § 204.121 Bankers' banks. (a)(1) The...' banks. (2) In its application of these requirements to specific institutions, the Board will use the...

  20. 32 CFR 643.113 - Banks.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 4 2010-07-01 2010-07-01 true Banks. 643.113 Section 643.113 National Defense... Authority of Commanders § 643.113 Banks. (a) The establishment of banks, branch banks, and banking... fair market value, and reimbursement will be required for utilities and services furnished. (e) A bank...

  1. Skin Allergy Quiz

    Science.gov (United States)

    ... time. Some common medications that can cause skin allergy include penicillin, sulfa drugs, barbiturates and anticonvulsants just to mention a few. Some of the symptoms from drug allergies might be hives, skin rash, itchy skin or ...

  2. Allergy testing - skin

    Science.gov (United States)

    ... allergy skin tests if you have: Hay fever ( allergic rhinitis ) and asthma symptoms that are not well controlled with medicine Hives and angioedema Food allergies Skin rashes ( dermatitis ), in which the skin ...

  3. The effect of macroeconomic factors on credit risk in the banking system of Iran

    Directory of Open Access Journals (Sweden)

    Mohammad Khodaei Valahzaghard

    2012-08-01

    Full Text Available These days, there are increasing changes on environmental and economic networks and different risks of various institutions affect the financial structure. Different institutions including financial and credit institutions are facing with the risk of lack of their timely obligations to make sure the repayment of the funds is granted. In this study, the effects of economic factors not affected by intentional behavior of customers are investigated. Statistical study of the banking system includes all public and private banks. Statistical research community from 2005 to 2010 is considered. The cross-sectional data of the study and a combination of regression analysis is used. The regression analysis of combined data, fixed effects model based on the data is a cross-sectional fit. According to results of regression analysis, Pearson and Spearman's Correlation Coefficient, there is no significant relationship between the inflation rate, employment rate, unemployment rate, the dollar, the euro, with import growth of credit risk in the banking system in Iran. Therefore, based on probability theory, it can be stated that the credit risk in the banking system in Iran under the influence of variables is not mentioned. In addition, positive and significant relationship between stock index and credit risk in the banking system in Iran has increased by Weber in this index increases and reducing credit risk is reduced.

  4. ILEWG EuroMoonMars Research, Technology, and Field Simulation Campaigns

    Science.gov (United States)

    Foing, B. H.; Lillo, A.; Evellin, P.; Kołodziejczyk, A.; Heinicke, C.; Harasymczuk, M.; Authier, L.; Blanc, A.; Chahla, C.; Tomic, A.; Mirino, M.; Schlacht, I.; Hettrich, S.; Pacher, T.; Maller, L.; Decadi, A.; Villa-Massone, J.; Preusterink, J.; Neklesa, A.; Barzilay, A.; Volkova, T.

    2017-10-01

    ILEWG developed since 2008, "EuroMoonMars" pilot research with a Robotic Test Bench (ExoGeoLab) and a Mobile Laboratory Habitat (ExoHab) at ESTEC. Field campaigns were e.g. in ESTEC, EAC, at Utah MDRS, Eifel, and LunAres base at Pila Poland in 2017.

  5. Studies in cow’s milk allergy: results from the Dutch EuroPrevall birth cohort

    NARCIS (Netherlands)

    Petrus, N.C.M.

    2016-01-01

    Cow’s milk allergy is a common disease in infancy. However, until recently accurate numbers were not available. To investigate how many infants suffered from cow’s milk allergy, the EuroPrevall study was designed. In this European, multicentre study, nine European hospitals followed over 12,000

  6. Corporate Image and the Establishment of Euro Disney: Mickey Mouse and the French Press.

    Science.gov (United States)

    Forman, Janis

    1998-01-01

    Considers interweaving themes that characterized the construction of Euro Disney, drawing upon articles in the French press. Offers analysis of the historical context for and the implications of the park's construction, using the literature of French cultural studies and cross-cultural studies for support. Discusses possible consequences to the…

  7. EuroStemCell: A European infrastructure for communication and engagement with stem cell research.

    Science.gov (United States)

    Barfoot, Jan; Doherty, Kate; Blackburn, C Clare

    2017-10-01

    EuroStemCell is a large and growing network of organizations and individuals focused on public engagement with stem cells and regenerative medicine - a fluid and contested domain, where scientific, political, ethical, legal and societal perspectives intersect. Rooted in the European stem cell research community, this project has developed collaborative and innovative approaches to information provision and direct and online engagement, that reflect and respond to the dynamic growth of the field itself. EuroStemCell started as the communication and outreach component of a research consortium and subsequently continued as a stand-alone engagement initiative. The involvement of established European stem cell scientists has grown year-on-year, facilitating their participation in public engagement by allowing them to make high-value contributions with broad reach. The project has now had sustained support by partners and funders for over twelve years, and thus provides a model for longevity in public engagement efforts. This paper considers the evolution of the EuroStemCell project in response to - and in dialogue with - its evolving environment. In it, we aim to reveal the mechanisms and approaches taken by EuroStemCell, such that others within the scientific community can explore these ideas and be further enabled in their own public engagement endeavours. Copyright © 2017 The Author(s). Published by Elsevier Ltd.. All rights reserved.

  8. EuroFIR quality approach for managing food composition data; where are we in 2014?

    Science.gov (United States)

    Westenbrink, Susanne; Roe, Mark; Oseredczuk, Marine; Castanheira, Isabel; Finglas, Paul

    2016-02-15

    A EuroFIR quality management framework was developed to assure data quality of food composition data, incorporating several recommendations developed or improved during the EuroFIR projects. A flow chart of the compilation process with standard operating procedures to assure critical steps was the starting point. Recommendations for food description, component identification, value documentation, recipe calculation, quality evaluation of values, guidelines to assess analytical methods, document and data repositories and training opportunities were harmonized as elements of the quality framework. European food composition database organizations reached consensus on the EuroFIR quality framework and started implementation. Peer reviews of the European compiler organizations were organized to evaluate the quality framework, focusing on what was achieved and on improvements needed. The reviews demonstrated that European food database compilers have made good use of standards and guidelines produced by EuroFIR, as well as a common understanding that a quality framework is essential to assure food composition data quality. Copyright © 2015 Elsevier Ltd. All rights reserved.

  9. Satisfaction with quality of ICU care for patients and families : the euroQ2 project

    NARCIS (Netherlands)

    Jensen, Hanne Irene; Gerritsen, Rik T; Koopmans, Matty; Downey, Lois; Engelberg, Ruth A; Curtis, J Randall; Spronk, Peter E; Zijlstra, Jan G; Ørding, Helle

    2017-01-01

    Background: Families' perspectives are of great importance in evaluating quality of care in the intensive care unit (ICU). This Danish-Dutch study tested a European adaptation of the "Family Satisfaction in the ICU" (euroFS-ICU). The aim of the study was to examine assessments of satisfaction with

  10. Clinimetric properties of the EuroQol-5D in patients with chronic low back pain

    NARCIS (Netherlands)

    Soer, R.; Reneman, M.F.; Speijer, B.L.; Coppes, M.H.; Vroomen, P.C.

    2012-01-01

    BACKGROUND CONTEXT: Clinimetric properties of the EuroQol-5D (EQ-5D) in patients with nonspecific chronic low back pain (CLBP) are largely unknown. PURPOSE: To study the criterion validity, responsiveness, and minimal clinically important change (MCIC) of EQ-5D in patients with CLBP. STUDY DESIGN:

  11. Cognitive aspects of sexual functioning: differences between East Asian-Canadian and Euro-Canadian women.

    Science.gov (United States)

    Morton, Heather; Gorzalka, Boris B

    2013-11-01

    The purpose of this study was to investigate the sexual beliefs of female undergraduates, as well as the thoughts they experience during sexual experiences. The study aimed to determine potential differences in these variables between East Asian-Canadians and Euro-Canadians, as well as the influence of acculturation on these variables. In addition, the relationships between sexual beliefs, automatic thoughts, and specific aspects of sexual functioning were examined. Euro-Canadian (n = 77) and East Asian-Canadian (n = 123) undergraduate women completed the Sexual Dysfunctional Beliefs Questionnaire, the Sexual Modes Questionnaire, the Female Sexual Function Index, and the Vancouver Index of Acculturation. East Asian women endorsed almost all sexual beliefs assessed in this study more than did Euro-Canadian women, and endorsement of these beliefs was associated with acculturation. In addition, East Asian-Canadian and Euro-Canadian women differed in the frequency of experiencing negative automatic thoughts. Results also revealed associations between difficulties in sexual functioning, and both sexual beliefs and automatic thoughts. Together, these results provide preliminary support for the hypothesis that differences in cognitive aspects of sexuality may underlie the differences in sexual functioning previously observed between these two groups.

  12. [Additive and logistic EuroSCORE in assessment of operative mortality in cardiac surgery].

    Science.gov (United States)

    Kacila, Mirsad; Granov, Nermir; Omerbasić, Edin; Memisević, Nedim

    2008-01-01

    Patients benefit, reduction of treatment costs, as well as providing data needed for the science progress, are only some of the items that implicate the importance of preoperative evaluation of operative risk and mortality. In order to determine the risk profile of adult cardiac patients and identify the mortality in different procedures, a set of multicentric clinical studies has been carried out in the past decade. A study involving 19030 patients in 128 centers from 8 European countries was conducted at the end of 1995. Product of that study is EuroSCORE (European System for Cardiac Operative Risk Evaluation). In this survey we will point out the results of two different EuroSCORE forms (Additive and Logistic) which we applied in 145 cases of patients operated in Sarajevo Heart Center in the first half-year of 2007. From 145 procedures 124 (85%) was bypass procedures, 18 (12.4%) valvular and 3 (2,6%) other procedures (dissection of AA, mixoma LA). Aditive EuroSCORE model is use friendly and simple for bedside use. In mortality prediction Logistic EuroSCORE is more sensitive (exclude mortality in larger patient groups), and is also more precise in mortality prediction in all groups of patients.

  13. Le "LHC", un défi scientifique à 6 milliards d'euros

    CERN Multimedia

    Féraud, Jean-Christope

    2006-01-01

    On the french-swiss border, CERN is building the LHC; this particle accelerator of 27km will be operational in autumn 2007; its goal: to go the heart of matter to discover the mysteries of the infinitely small. this technological challenge will cost 6 billions of euros. (2 pages)

  14. Training a multilayer neural network for the Euro-dollar (EUR/ USD) exchange rate

    National Research Council Canada - National Science Library

    Jaime Alberto Villamil Torres; Jesús Alberto Delgado Rivera

    2010-01-01

    ... (as first approximation) a random walk. This paper reports the results of using ANNs for Euro/USD exchange rate trading and the usefulness of the algorithm for chemotaxis leading to training networks thereby maximising an objective function re predicting a trader’s profits. JEL: F310, C450.

  15. External causes of euro zone inflation differentials : A re-examniation of the evidence

    NARCIS (Netherlands)

    Arnold, I.J.M.; Verhoef, B.

    2004-01-01

    This article focuses on external causes of Euro Zone inflation differential. Persistent inflation differences may influence inflationary expectations and can amplify regional business cycles. With a uniform nominal interest rate, the domestic real interest rates will be lower in high inflation

  16. Tartu maraton tõi sisse üle 650 000 euro / Tiina Rekand

    Index Scriptorium Estoniae

    Rekand, Tiina, 1985-

    2011-01-01

    Konjunktuuriinstituut uuris Tartu maratoni majanduslikku mõju. Maratoni piirkond sai tänu üritusele üle 650 000 euro majanduslikku kasu. Uuringus osalenud ettevõtete ettepanekuid maratoni majandusliku mõju suurendamiseks ja sujuvamaks korraldamiseks

  17. Kui euro saab saatuslikuks / Paul Krugman ; tõlkinud Priit Simson

    Index Scriptorium Estoniae

    Krugman, Paul, 1953-

    2010-01-01

    USA majandusprofessori hinnangul ei ole eelarvedistsipliin Euroopa hädade kogu põhjus, ka mitte Kreekas. Tegelik põhjus peitub poliitilises eliidis, mis survestas Euroopat eurole üle minema oluliselt varem, kui Euroopa selliseks katsetuseks valmis oli. Kriisi keskmes asetseb euro paindumatus, mitte eelarvedefitsiidini viiv kulutamine

  18. Effects of the euro changeover on consumer behaviour: Introduction to the special issue

    DEFF Research Database (Denmark)

    Gärling, Tommy; Thøgersen, John

    2007-01-01

    This paper introduces the special issue "Effects of the euro changeover on consumer behaviour" by briefly reviewing the contents of the included papers. The introduction follows the organization of the papers in three sections each focusing on a common set of issues. In the first section, research...

  19. Võlakriisi lahendused ähvardavad euro püsimist / Hans-Werner Sinn

    Index Scriptorium Estoniae

    Sinn, Hans-Werner, 1948-

    2011-01-01

    Euro on ohus, sest viimastel aastatel on GIPS-riikide (Kreeka, Iirimaa, Portugal ja Hispaania) keskpangad raha juurde trükkinud. Lisaraha oli vajalik sisemise raharingluse tekitamiseks, et saaks kaubandusdefitsiiti säilitada ja hoida üleval kommertspankade varade väärtust

  20. A new production function estimate of the euro area output gap

    NARCIS (Netherlands)

    Lemoine, M.; Mazzi, G.L.; Monperrus-Veroni, P.; Reynes, F.G.D.

    2010-01-01

    We develop a new version of the production function (PF) approach for estimating the output gap of the euro area. Assuming a CES (constant elasticity of substitution) technology, our model does not call for any (often imprecise) measure of the capital stock and improves the estimation of the trend

  1. Euro Feast for Estonia - Feast in Time of Plague? / Andres Arrak

    Index Scriptorium Estoniae

    Arrak, Andres, 1958-2017

    2010-01-01

    Autor leiab, et Eesti Pank ja valitsus peaksid selgitama rahvale euroga liitumise vajadust ajal, mil terve maailm kannatab majanduskriisi all ja euroala riigid ei suuda täita Maastrichti kriteeriume ning euro jaoks on saabunud rasked ajad. Kreeka majandusnäitajatest

  2. Papers presented at EuroSun'96 Congress 1996 in Freiburg, Germany

    DEFF Research Database (Denmark)

    Furbo, Simon; Heller, Alfred; Shah, Louise Jivan

    1996-01-01

    A collection of presented papers at EuroSun'96 Congress in Freiburg, Germany. Four papers are presented orally, two by poster.Verbally presented papers* Furbo Simon and Shah Jivan Louise, OPTIMUM SOLAR COLLECTOR FLUID FLOW RATES.* Holck Ole, MODELLING OF MICROCLIMATE IN COLLECTORS.* Saxhof Bjarne...

  3. Is there a Core of Macroeconomics that Euro Area Forecasters Believe In?

    DEFF Research Database (Denmark)

    Stadtmann, Georg; Pierdzioch, Christian; Ruelke, Jan

    2012-01-01

    The quantity theory of money, Okun’s law, and the Phillips curve are cornerstones of macroeconomic theory. But are they also of practical relevance? Using survey data for the euro area, we found that professional economists’ forecasts are consistent with a version of the quantity theory in which...

  4. Identification of quantitative trait loci for fibrin clot phenotypes: the EuroCLOT study

    DEFF Research Database (Denmark)

    Williams, Frances M K; Carter, Angela M; Kato, Bernet

    2009-01-01

    OBJECTIVE: Fibrin makes up the structural basis of an occlusive arterial thrombus, and variability in fibrin phenotype relates to cardiovascular risk. The aims of the current study from the EU consortium EuroCLOT were to (1) determine the heritability of fibrin phenotypes and (2) identify QTLs as...

  5. Euro-Mediterranean Partnership; State of affairs and key policy and research issues

    NARCIS (Netherlands)

    Kuiper, M.H.; dell' Aquila, C.

    2004-01-01

    This study draws on a body of existing literature to take stock of the Euro-Mediterranean Partnership (EMP), which focuses on establishing a Mediterranean Free Trade Area. Despite considerable scope for reducing barriers on Mediterranean trade, current agreements are limited to a quasi-unilateral

  6. The 2010 euro crisis stand-off between France and Germany: leadership styles and political culture

    NARCIS (Netherlands)

    Bohn, F.; Jong, E. de

    2011-01-01

    In this paper, we argue that the severity of the 2010 euro crisis was caused by and reveals differences in leadership styles and political culture between European countries, especially between France and Germany. We trace these differences to differences in underlying values: culture. There is a

  7. DAF Euro-4 heavy-duty diesel engine with TNO EGR system and CRT particulates filter

    NARCIS (Netherlands)

    Verbeek, R.P.; Aken, M.G. van; Verkiel, M.

    2001-01-01

    This paper reports on a study of the TNO venturi EGR system and the Johnson Matthey CRT particulates trap on a DAF 355 kW engine. The results obtained indicate that this EGR-CRT combination is an effective means to achieve EURO-4 emission level, while maintaining good fuel economy. EGR strategy,

  8. Will business cycles in the euro area converge? A critical survey of empirical research

    NARCIS (Netherlands)

    de Haan, J.; Inklaar, R.; Jong-A-Pin, R.

    This survey of business cycle synchronization in the European monetary union focuses on two issues: have business cycles become more similar, and which factors drive business cycle synchronization. We conclude that business cycles in the euro area have gone through periods of both convergence and

  9. VLF observations of ionospheric disturbances in association with TLEs from the EuroSprite-2007 campaign

    DEFF Research Database (Denmark)

    NaitAmor, S.; AlAbdoadaim, M. A.; Cohen, M. B.

    2010-01-01

    Two Very Low Frequency (VLF) AWESOME remote sensing systems located at Algiers, Algeria (36.45°N, 3.28°E) and Sebha, Libya (27.02°N, 14.26°E) monitor VLF signal perturbations for evidence of ionospheric disturbances. During the EuroSprite-2007 campaign a number of Transient Luminous Events (TLEs...

  10. Training aspects in the use and production of food composition databases. The EuroFIR experience.

    NARCIS (Netherlands)

    Hollman, P.C.H.; Witthöft, C.; Busstra, M.C.; Elburg, L.; Hulshof, P.J.M.

    2009-01-01

    An increasing number of national food databases have been published on the internet. However, these internet databases can only be searched individually, and the data have been compiled at a national level, resulting in incompatibilities. To resolve these problems, the Network of Excellence EuroFIR

  11. The euro and the large banks’ behaviour within the EMU – Entrepreneurial strategies and monetary policy

    Directory of Open Access Journals (Sweden)

    M. BORCHERT

    1999-03-01

    Full Text Available This paper connects different business cultures of large banks in various countries of the EMU with monetary policy issue of the ECB. First, the banks’ competitive potential as well as their strategic behaviour is outlined. Furthermore, a cluster analysis exhibits some banking groups according to the liability-orientation of the largest EMU-banks, and a factor analysis gives some additional information about their asset-orientation; both business orientations play an important role for the efficiency of monetary policy. FInally, the different cash requirements within the various European countries might lead to totally new bank strategies, yielding to an internationalization of large bank-credits.

  12. The Investment Management of Bank

    Directory of Open Access Journals (Sweden)

    Mostenets Alina V.

    2017-04-01

    Full Text Available The article is aimed at studying the theoretical value of bank investment and the investment activities of bank, as well as improving the investment management of bank. The main task under this objective is to characterize the investment activities of bank and to consider in detail its credit and investment portfolio. An analysis of the credit and investment portfolio of 10 domestic banks of Ukraine was carried out. Structure of their credit and investment portfolio was studied in detail. A graphic of the credit and investment portfolio of banks, which were the most active in the investment activities as of 1 January 2015-2017, has been provided. Changes in the credit and investment portfolio that impact the performance of bank have been displayed.

  13. 12 CFR 614.4352 - Farm Credit Banks and agricultural credit banks.

    Science.gov (United States)

    2010-01-01

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

  14. INFORMATION FROM THE BANK

    CERN Multimedia

    1999-01-01

    The UBS will be integrating its two computer platforms during the weekend of 24 April.This operation involves changing your account card and Eurocheque card, which will be sent to you by post.Those who receive their bank correspondence at CERN may obtain their codes from the branch there.The security and rapidity of this procedure will be helped by the presentation of an identity document.Despite the precautions taken, problems may be experienced with the operation of the cash-points during that weekend.The bank's staff would like to offer apologies in advance for any difficulties and are at your disposal for any information you may need.UBS

  15. Use of EuroSCORE as a predictor of morbidity after cardiac surgery

    Science.gov (United States)

    Andrade, Isaac Newton Guimarães; de Moraes Neto, Fernando Ribeiro; Andrade, Tamirys Guimarães

    2014-01-01

    Objective To evaluate the use of the EuroSCORE as a predictor of postoperative morbidity after cardiac surgery. Methods We retrospectively analyzed the charts of 900 patients operated on and admitted to the intensive care unit postoperatively at the Royal Portuguese Hospital of Recife. We included all patients with complete medical records, excluding those who died during surgery, underwent transplantation or correction of congenital heart disease. We evaluated the development of respiratory infection, cerebrovascular accident, and dialysis-dependent renal failure, and the EuroSCORE was compared in terms of the three complications using the Mann-Whitney test. The calibration model for predicting the morbidities being studied was evaluated using the test set of Homer-Lemeshow goodness. The accuracy of the model was assessed using the area under the ROC curve (AUROC). Results The model showed good calibration in predicting respiratory infection, acute renal failure and stroke (P=0.285, P=0.789, P=0.45, respectively), with good accuracy for respiratory infection (AUROC=0.710 and P<0.001) and dialysis-dependent renal failure (AUROC=0.834 and P<0.001), but no accuracy to predict stroke (AUROC=0.519). The high-risk patients were more likely to develop respiratory infection (OR=9.05, P<0.001) and dialysis-dependent renal failure (OR=39.6, P<0.001). The probability of developing respiratory infection and dialysis-dependent renal failure was less than 10% with EuroSCORE up to 7 and more than 70% with EuroSCORE greater than 15. Conclusion EuroSCORE proved to be a good predictor of major postoperative morbidity in cardiac surgery: respiratory and dialysis-dependent renal failure. PMID:24896157

  16. The European central bank and the us federal reserve as lender of last resort

    Directory of Open Access Journals (Sweden)

    Herr Hansjörg

    2014-01-01

    Full Text Available Without a lender of last resort financial stability is not possible and systemic financial crises get out of control. During and after the Great Recession the US Federal Reserve System (Fed and the European Central Bank (ECB took on the role of lender of last resort in a comprehensive way. The Fed stabilised the financial system, including the shadow banking system. However, the chance to fundamentally restructure the financial system was not used. The ECB was confronted with sovereign debt crises and an incomplete integration of the European Monetary Union (EMU. It followed a kind of “muddling through” to keep the Euro area together. In the EMU not only a fundamental restructuring of the financial system is needed but also a deeper economic and political integration. The Fed and the ECB both were the most important institutions to avoid repetition of the 1930s.

  17. The World Bank.

    Science.gov (United States)

    Bangoura, O

    2008-09-01

    The control of human onchocerciasis (river blindness) is one of the most successful global partnerships ever supported by the World Bank. Mectizan mass treatments have greatly contributed to this success and have shaped the strategies of the programmes in which the World Bank has been involved - the Onchocerciasis Control Programme (OCP), which covered onchocerciasis control in West Africa until 2002, and the African Programme for Onchocerciasis Control (APOC), which is currently working in 30 countries, to protect millions of people from onchocerciasis. Through the strategy of community-directed treatment with ivermectin (CDTI), onchocerciasis control in Africa was transformed from a technologically-driven and vertical health initiative to a community-directed process of treatment and empowerment. Together, CDTI and the donation of Mectizan also reduced costs, producing one of the most effective and affordable disease-control schemes ever seen, and the CDTI strategy is now being applied to other disease-control initiatives. The onchocerciasis programmes have also been exemplary in shaping partnerships with communities, countries, the World Health Organization, governments, non-governmental development organizations, and the private sector. The Bank's involvement in onchocerciasis control has helped mobilize funds, giving confidence to other donors. More than U. S.$800 million was raised for both the OCP and APOC (excluding the initial costs of Mectizan). With these funds and the commitment of the partners involved, high coverages have been achieved in the Mectizan distributions. The Bank is confident that, during the years to come, the partners will continue their success, and that the APOC will achieve its goals by the target date for its closure, in 2015.

  18. Centrally Banked Cryptocurrencies

    OpenAIRE

    Danezis, George; Meiklejohn, Sarah

    2015-01-01

    Current cryptocurrencies, starting with Bitcoin, build a decentralized blockchain-based transaction ledger, maintained through proofs-of-work that also generate a monetary supply. Such decentralization has benefits, such as independence from national political control, but also significant limitations in terms of scalability and computational cost. We introduce RSCoin, a cryptocurrency framework in which central banks maintain complete control over the monetary supply, but rely on a distribut...

  19. Centrally Banked Cryptocurrencies

    OpenAIRE

    Danezis, G.; Meiklejohn, S.

    2016-01-01

    Current cryptocurrencies, starting with Bitcoin, build a decentralized blockchain-based transaction ledger, maintained through proofs-of-work that also serve to generate a monetary supply. Such decentralization has benefits, such as independence from national political control, but also significant limitations in terms of computational costs and scalability. We introduce RSCoin, a cryptocurrency framework in which central banks maintain complete control over the monetary supply, but rely on...

  20. Measuring Bank Profit Efficiency

    OpenAIRE

    Fitzpatrick, Trevor; McQuinn, Kieran

    2005-01-01

    This paper proposes that a variant of the Battese and Coelli (1995) inefficiency model can be applied as a consistent and unifying framework in exploring the determinants of credit institutions’ profit inefficiency scores. To date, work concerned with the potential determinants of credit institutions' profit inefficiency levels has addressed the issue in either a single-step or multi-step process. In the former, inefficiency scores are conditioned by region and bank-specific indicators, while...

  1. Filter Bank Fusion Frames

    OpenAIRE

    Chebira, Amina; Fickus, Matthew; Mixon, Dustin G.

    2010-01-01

    In this paper we characterize and construct novel oversampled filter banks implementing fusion frames. A fusion frame is a sequence of orthogonal projection operators whose sum can be inverted in a numerically stable way. When properly designed, fusion frames can provide redundant encodings of signals which are optimally robust against certain types of noise and erasures. However, up to this point, few implementable constructions of such frames were known; we show how to construct them using ...

  2. Integrated Marketing Communication to Enhance Active User of Internet Banking Service: Case Study Bank XYZ

    OpenAIRE

    Prawitasari, Larasati; Hudrasyah, Herry

    2012-01-01

    Internet banking is a form of self-service technology. In the global banking business, Internet banking has a big role for doing the business. In developing country, Internet banking received relatively little attention although has been deployed for years. Only 3% of customer Bank XYZ in Indonesia using Internet banking service actively, although has been 9 years Bank XYZ introduced Internet banking service. This study addressed what factor that drives and influences Internet banking accepta...

  3. Human Milk Banking.

    Science.gov (United States)

    Haiden, Nadja; Ziegler, Ekhard E

    2016-01-01

    Human milk banks play an essential role by providing human milk to infants who would otherwise not be able to receive human milk. The largest group of recipients are premature infants who derive very substantial benefits from it. Human milk protects premature infants from necrotizing enterocolitis and from sepsis, two devastating medical conditions. Milk banks collect, screen, store, process, and distribute human milk. Donating women usually nurse their own infants and have a milk supply that exceeds their own infants' needs. Donor women are carefully selected and are screened for HIV-1, HIV-2, human T-cell leukemia virus 1 and 2, hepatitis B, hepatitis C, and syphilis. In the milk bank, handling, storing, processing, pooling, and bacterial screening follow standardized algorithms. Heat treatment of human milk diminishes anti-infective properties, cellular components, growth factors, and nutrients. However, the beneficial effects of donor milk remain significant and donor milk is still highly preferable in comparison to formula. © 2017 S. Karger AG, Basel.

  4. Virtual blood bank

    Directory of Open Access Journals (Sweden)

    Kit Fai Wong

    2011-01-01

    Full Text Available Virtual blood bank is the computer-controlled, electronically linked information management system that allows online ordering and real-time, remote delivery of blood for transfusion. It connects the site of testing to the point of care at a remote site in a real-time fashion with networked computers thus maintaining the integrity of immunohematology test results. It has taken the advantages of information and communication technologies to ensure the accuracy of patient, specimen and blood component identification and to enhance personnel traceability and system security. The built-in logics and process constraints in the design of the virtual blood bank can guide the selection of appropriate blood and minimize transfusion risk. The quality of blood inventory is ascertained and monitored, and an audit trail for critical procedures in the transfusion process is provided by the paperless system. Thus, the virtual blood bank can help ensure that the right patient receives the right amount of the right blood component at the right time.

  5. Sterilization of skin allografts by ionizing radiation.

    Science.gov (United States)

    Bourroul, Selma Cecília; Herson, Marisa Roma; Pino, Eddy; Matho, Monica Beatriz

    2002-11-01

    The skin has a fundamental role in the viability of human body. In the case of extensive wounds, skin allografts provide an alternative to cover temporarily the damaged areas. After donor screening and preservation in glycerol 85%, the skin can be stored in a Skin Bank. Glycerol at this concentration has a bacteriostatic effect after certain time of preservation. On the other hand, skin sterilization by ionizing radiation may reduce the quarentine period for transplantation in patients. The objective of this work was to evaluate allograft sterilization using two sources of ionizing radiation. Through the analysis of stress-strain, it was intended to verify possible effects of the radiation on the structure of preserved grafts. Three groups of skin samples were selected. The first group was maintained in the initial conditions, not irradiated. The second was exposed to cobalt-60, while the third one was irradiated using an Dynamitron Accelerator JOB188 electron beam. The irradiation dose was 25 kGy for both tests. Both irradiation sources, and the Instron Universal Machine used for biomechanical experiments, are installed at the Centro de Tecnologia das Radiações/Instituto de Pesquisas Energéticas e Nucleares (São Paulo, Brazil). According to the preliminary results, biomechanical characteristics of the samples irradiated seem to be maintained with regard to the non irradiated group.

  6. Regulatory regimes and bank behavior

    Directory of Open Access Journals (Sweden)

    Seok Weon Lee

    2011-12-01

    Full Text Available The purpose of this paper is to examine how the risk-taking behavior differed between Korean regional banks and national banks for the two different regulatory regimes; a very loose regulation period (1994-1997 and a very tightened regulation period (1998-2005. From the panel analysis over the period 1994-2005, we found that regional banks took riskier strategies than national banks when banking regulations are loose. Moreover, their higher risk-taking contributed to higher profit under the period of loose regulation. However, after the banking regulations were tightened after financial crisis around the late 1990s, this phenomenon disappeared and the tendency of regional banks to take greater risk than national banks was not observed any more. Also, the positive relationship between risk-taking and profitability was not observed either after regulations were tightened. These empirical findings would have the following policy implications. When the economic conditions are good, and therefore, banking regulations are relatively loose, the greater risk-taking of regional banks could be profitable, because regional banks are in a better situation in terms of maintaining their market share based on the close ties with their regional clients, and can be protected from excessive competition with national banks. But, if the economic conditions get worse and financial crisis occurs, and therefore, banking regulations get tightened, regional banks are more adversely and sensitively affected by these shocks than national banks because their size is small and their assets are less diversified than national banks, especially being concentrated on loans to small and medium size business sector and real estate loans, which are very sensitive to the fluctuation of the economy. Furthermore, if these adverse economic and financial shocks continue long, the probability of regional banks to fail would be substantially higher and it can cause a serious damage to

  7. Independent and Accountable Central Banks and the European Central Bank

    Directory of Open Access Journals (Sweden)

    Pedro A. B. de Sousa

    2001-07-01

    Full Text Available This paper begins with the concept of central bank independence and focuses its argument around one of its major drawbacks the potential absence of accountability by the monetary authority. Then, beyond defining an alternative legal central bank independence index, we analyse the current Statutes of thirty-two central banks, and we quantify their legal independence and accountability degrees. With that data, we confirm previous studies, showing evidence of a de jure negative relationship between central bank independence and democratic accountability, though not as strong as it is usually argued. Still, we remain aware that some very independent central banks are also very low accountable the European Central Bank (ECB is a good example. Finally, we discuss the advantages and disadvantages of a contract à la Walsh between the ECB and a European Community organ, and we ask for a more in-depth analysis and understanding of these subjects, in order to improve the EMU institutional picture.

  8. BANKING SYSTEM STABILITY: COMMERCIAL AND CO-OPERATIVE BANKS

    Directory of Open Access Journals (Sweden)

    Dumitru-Cristian OANEA

    2014-04-01

    Full Text Available Commercial banks and co-operative banks are credit institutions, but there are some differences between the main operations proceeded by each of them. Based on these specific characteristics, we want to identify the manner in which financial crisis affected their activity. As we all know, the financial crisis had a major impact in the United States, the “natal” country of the crisis, because great banks such as Lehman Brothers or Merrill Lynch have bankrupted. Even if the Romanian banking system was not affected by such catastrophic situations, surely the financial crisis had a significant impact on it. This topic is worth to be analysed, because we would be able to identify the risk differences between these two types of business: commercial banks versus co-operative banks.

  9. CONSUMER SWITCHING BEHAVIOR FROM ONLINE BANKING TO MOBILE BANKING

    Directory of Open Access Journals (Sweden)

    Chian-Son Yu

    2014-06-01

    Full Text Available Through investigating factors that influence consumers to make a transition from online to mobile banking, this empirical study shows that relative attitude and relative subjective norm positively motivated respondents to switch from Internet to mobile banking while relative perceived behavior control deterred respondents from transitioning. Empirical results also demonstrated that Internet banking is superior to mobile banking in terms of consumer relative compatibility, self-efficacy, resource facilitating conditions, and technology facilitating conditions. Meanwhile, mobile banking emerged as superior to Internet banking for other constructs. By adding a comparative concept into an extended decomposed theory of planned behavior (DTPB model, this study may expand the applicable domain of current social psychology theories from the adoption of single products or services to the choice between competing products or services that achieve similar purposes and functions.

  10. BLC Bank - Lebanon : Leading in Banking on Women

    OpenAIRE

    International Finance Corporation

    2016-01-01

    The overall objective of this study is to learn about the impact of International Finance Corporation’s (IFC) Banking on Women (BoW) Program in the Europe and Central Asia and the Middle East and North Africa (EMENA) through BLC Bank of Lebanon. The objective of this specific case study is to understand the success of the BoW program for BLC Bank in Lebanon in terms of the program’s contri...

  11. Asian development bank: can it become an actual development bank?

    OpenAIRE

    Khan, Haider A.

    2012-01-01

    The Asian Development Bank(ADB) was founded in the mid-sixties. In addition to the Asian countries, it also has members from among the wealthy countries in North America, Europe and Oceania. Over the years, ADB has grown in size and prestige among the regional development banks. As Khan (2004, 2007 and 2012) argues, within a hybrid workable global financial architecture, regional development banks like the ADB can play a constructive role.

  12. Umbilical cord blood banks. Ethical aspects. Public versus private banks.

    Science.gov (United States)

    Aznar Lucea, Justo

    2012-01-01

    The creation of umbilical cord blood (UCB) banks raises interesting medical, social, economic and ethical issues. This paper reviews the ethical problems specifically. In this respect, it evaluates: a) whether there are advantages to the use of UCB compared to bone marrow, b) whether or not it is ethical to create UCB banks, c) whether their creation is ethically acceptable in terms of their clinical usefulness or d) the use made of them for therapeutic purposes, and finally e) whether their creation is ethically justified from a cost/profitability point of view. We focus primarily on evaluating the ethical controversy between public and private banks, particularly on whether it is ethical to bank autologous blood in private UCB banks, on the basis of its limited possibilities for use by the cord blood donor. We can conclude that, from an ethical point of view, autologous blood banks have limited acceptance among specialised researchers, scientific societies and other public institutions. Therefore, we believe that it is ethically more acceptable to support the creation of public UCB banks for medical and social reasons and, above all, based on the principle of justice and human solidarity. Nevertheless, there is no definitive ethical argument why a couple, according to their autonomy and freedom, cannot bank their child's UCB in a private bank. An equally acceptable solution could be the creation of mixed banks, such as that proposed by the Virgin Health Bank or like the Spanish system where autologous samples can be stored in public banks but with the proviso that if at any time the stored sample is required by any person other than the donor, it would have to be given to them.

  13. Seigniorage Earnings of Commercial Banks and State Bank of Pakistan

    OpenAIRE

    Arby, Muhammad Farooq

    2006-01-01

    The paper reviews the trend of seigniorage earnings by State Bank of Pakistan and commercial banks. It is found that seigniorage revenue of the SBP has declined overtime which indicates autonomy of the central bank as well as less reliance of the government on SBP’s resources for budget financing. In general, a direct relationship has been observed between seigniorage and inflation in Pakistan. However, at the two extremes of very high or very low inflation an inverse relation is detected.

  14. Greece and the Missing Banking Union

    DEFF Research Database (Denmark)

    N. Gordon, Jeffery; Ringe, Georg

    2015-01-01

    The Greek Crisis is a crisis rather than a problem due to the vulnerability of Greek banks. While the banks have deep problems, this column argues that these would have been mitigated if a fully operational banking union were in place. A full banking union requires joint banking supervision, joint...... bank resolution, and joint deposit insurance. The EZ only has the first so far. Completing the banking union must be part of any long-term solution....

  15. Systemic Risk, Bank's Capital Buffer, and Leverage

    OpenAIRE

    Wibowo, Buddi

    2017-01-01

    This paper measures individual bank's impact on banking systemic risk and examines the effect of individual bank's capital buffer and leverage to bank's systemic risk impact in Indonesia during 2010-2014. Using Merton's distance-to-default to measure systemic risk, the study shows a significant negative relationship between bank's capital buffer and systemic risk. High capital buffer tends to lowering bank's impact on systemic risk. Bank's leverage level also influences its contribution to sy...

  16. Estrogens and aging skin

    OpenAIRE

    Thornton, M. Julie

    2013-01-01

    Estrogen deficiency following menopause results in atrophic skin changes and acceleration of skin aging. Estrogens significantly modulate skin physiology, targeting keratinocytes, fibroblasts, melanocytes, hair follicles and sebaceous glands, and improve angiogenesis, wound healing and immune responses. Estrogen insufficiency decreases defense against oxidative stress; skin becomes thinner with less collagen, decreased elasticity, increased wrinkling, increased dryness and reduced vascularity...

  17. Determinants of Bank Efficiency: Evidence from Czech Banking Sector

    OpenAIRE

    Rostislav Staněk

    2015-01-01

    The paper identifies bank-specific determinants of Czech commercial bank efficiency during the period 2000–2012. The paper employs a panel version of a stochastic efficiency frontier model with time variant efficiency to identify the impact of bank size and the structure of bank’s portfolio on the bank’s cost and profit efficiency. The results of the estimation show that bank size has no impact on cost efficiency but it negatively influences the bank’s ability to generate revenue. Cost effici...

  18. Skin Cancer Can Strike Anyone

    Science.gov (United States)

    ... this page please turn Javascript on. Feature: Skin Cancer Skin Cancer Can Strike Anyone Past Issues / Summer 2013 Table ... 76,690; deaths: 9,480. Read More "Skin Cancer" Articles Skin Cancer Can Strike Anyone / Skin Cancer: Biology, Risk ...

  19. Skin cancer in skin of color.

    Science.gov (United States)

    Bradford, Porcia T

    2009-01-01

    In general, skin cancer is uncommon in people of color when compared to Caucasians. When it does occur, it is often associated with increased morbidity and mortality. Differences in survival rates may be attributed to skin cancers being diagnosed at a more advanced stage, and socioeconomic factors such as lack of adequate insurance coverage and lack of transportation can function as barriers to timely diagnosis and early treatment. In addition to advanced stage at presentation, malignant skin lesions in skin of color often present in an atypical fashion. Because skin cancer prevention and screening practices historically have been lower among Hispanics, Blacks, and Asians, and given the changing demographics in the United States, interventions that are tailored to each of these groups will be needed. Public educational campaigns should be expanded to educate people of all skin types with emphasis on skin cancers occurring in areas not exposed to the sun (Byrd-Miles et al., 2007), since sunlight is not as important an etiologic factor in the pathogenesis of skin cancer in people of color. Dermatologists and primary care physicians should instruct their darker-skinned patients on how to perform routine skin self-examinations. Physicians should also encourage patients to ask their specialists such as their gynecologist, dentist, and ophthalmologist to look for abnormal pigmentation during routine exams. To reduce the burden of skin cancer, several prevention methods for all people have been strongly encouraged, including monthly self-examinations, daily use of SPF 30 or greater sunscreen, sunglasses with UV-absorbing lenses, and avoiding tanning booths (American Cancer Society, 2008) (see Table 7). In addition, recommendations for clinicians to promote the prevention of skin cancer in skin of color have also been made, including closely monitoring changing pigmented lesions on the palms and soles and hyperkeratotic or poorly healing ulcers in immunosuppressed patients

  20. 76 FR 42127 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

    Science.gov (United States)

    2011-07-18

    ... Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants... Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors... the Lisa K. Hale Irrevocable Trust for Joseph Joshua Hodos, all of Mission Hills, Kansas; the Karen...

  1. 77 FR 64115 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

    Science.gov (United States)

    2012-10-18

    ... From the Federal Register Online via the Government Publishing Office FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants... Banking Corporation, and thereby indirectly acquire voting shares of Security State Bank, both in Cheyenne...

  2. Payments and Central Bank Policy

    DEFF Research Database (Denmark)

    Korsgaard, Søren

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

  3. Funds transfer pricing in banking

    Directory of Open Access Journals (Sweden)

    Maria CARACOTA DIMITRIU

    2010-06-01

    Full Text Available Every bank needs to better understand the sources of its profitability. Whatever the size of the bank, funds transfer pricing (FTP can be used to help managing the bank's profitability by analyzing earnings for the whole institution or for different profit centers. In today’s banking environment, it is essential to look at the earnings both as a whole and broken down into various components. Funds Transfer Pricing is an analysis tool that can be used to help a bank measure its profitability in a variety of different ways. It allows management to compare the profitability of different product lines within the company, and it can be drilled down even further to allow comparison between individual employees. It is also very useful for comparison between branches. This study will reveal the role of Fund Transfer Pricing (FTP in banks.

  4. First donation of human skin obtained from corpse; Primera donacion de piel humana obtenida de cadaver

    Energy Technology Data Exchange (ETDEWEB)

    Reyes F, M.L.; Luna Z, D. [ININ, 52750 La Marquesa, Estado de Mexico (Mexico)

    2007-07-01

    The first donation of human skin coming from a cadaverous donor was obtained in the State of Mexico. The skin was obtained of a 34 year-old multi organic donor, the extraction of the same was carried out in an operating theatre by medical personnel, supported by personal of the Radio sterilized Tissue Bank (BTR) of the ININ. The skin was transported to the BTR for it processing. (Author)

  5. Desarrollo e implementación de un plan estratégico para la industria automotriz. Caso Euro Garage

    OpenAIRE

    Vaca Peñafiel, Dolores Carolina

    2012-01-01

    156 hojas:ilustraciones, 29 x 21 cm + CD-ROM 4333 Esta tesis de maestría "Desarrollo e Implementación de un Plan Estratégico para la Industria Automotriz. Caso Euro Garage", a partir del análisis del sector transporte, industria automotriz, talleres automotrices y taller Euro Garage. Analiza el marco teórico correspondiente para el diseño del plan estratégico, a partir del cual se elabora el plan estratégico y operativo para Euro Garage, a ser implementado, controlado y evaluado; mediant...

  6. Green Banking: Advancement and Opportunities

    OpenAIRE

    Ahmed, Sarwar Uddin

    2012-01-01

    The objective of this paper is to discuss the contemporary green banking initiatives taken globally and more specifically in Bangladesh. North America and European regional banks were found to be forerunners in adopting green banking practices. Home mortgage, home equity loan, auto loan, credit card, etc, are common products found globally. In Bangladesh, solar home system, solar irrigation pumping station, biogas plant, effluent treatment plant, green credit card, etc. are already in the off...

  7. BEATING BANKS THROUGH KNOWLEDGE

    Directory of Open Access Journals (Sweden)

    Monica CALU

    2017-05-01

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

  8. 12 CFR 811.1 - Authority of Reserve Banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Authority of Reserve Banks. 811.1 Section 811.1 Banks and Banking FEDERAL FINANCING BANK BOOK-ENTRY PROCEDURE FOR FEDERAL FINANCING BANK SECURITIES § 811.1 Authority of Reserve Banks. Each Reserve Bank is hereby authorized, in accordance with the...

  9. Jordan Banks Financial Soundness Indicators

    Directory of Open Access Journals (Sweden)

    Imad Kutum

    2015-09-01

    Full Text Available The aim of this research paper is to examine the Jordanian banks using financial soundness indicators. This is to establish if Jordanian banks were affected because of the 2007/2008 financial crisis and determine the underlying reasons. The research paper was conducted on 25 banks in Jordan listed in the countries securities exchange. The research methodology used consisted of examining the banks financial records in order to derive four crucial Basel III ratio such as the capital adequacy ratio, the leverage ratio, the liquidity ratio and finally the Total Provisions (As % Of Non-Performing Loans %. The results revealed that out of the four hypotheses under examination Jordan Banks do not meet Basel financial Indicators for Capital Adequacy Ratio, Jordan Banks does not meet Basel financial Indicators for Liquidity Ratio , Jordan Banks do not meet Basel financial Indicators for Leverage Ratio and Jordan Banks do not meet Basel financial Indicators for Total Provisions (As % Of Non-Performing Loans ratio. Only one hypothesis was accepted based on the research outcomes. The rest of the hypothesis was rejected since the average trend line did not go below the Basel III required ratio level. The general outcome of the research revealed that Jordanian banks were not affected significantly by the financial crisis.

  10. The banking crisis 1929 -1933

    OpenAIRE

    Strnadová, Petra

    2016-01-01

    The issue of banking crises is of a significant importance due to their impact on the economic situation and having revealed the main causes of a bank distress, it should be possible to avoid some of them in the future by taking appropriate measures. The banking crisis during the Great Depression belongs to the biggest crises in the history and provides a great opportunity to properly examine the behaviour of U.S. banks. Therefore, the aim of my thesis is to identify the key moments of the ba...

  11. Banking Integration in European Context

    Directory of Open Access Journals (Sweden)

    Roxana Bădîrcea

    2016-05-01

    Full Text Available The integration of different states in a already existing union or in a new one represents a long-lasting process involving harmonisations on various fields – political, economic, legislative, social, cultural, technological, informational, etc. Besides the integration of the states and of the different authorities in a common mechanist, the business organizations also have to comply with certain standards and to align to certain procedures. The banking system is not an exception being probably one of the pillars of the economic and financial integration of a state in a union. Banking integration may be considered the process leading to a convergence towards a single market for all products, processes, procedures, standards, transactions from the banking field. All sets of standards, mechanisms and procedures should be observed both by banks, regulation and control bodies, but also by customers. Only in this way one can create the premises for the most favourable banking transactions. The integration of the banking system in a union is determined, conditioned and influenced by a series of factors. Based on the data published by the Bank for International Settlements, the authors carry out a close and pertinent empirical analysis of the banking assets flows between the Eurozone countries in the period 2000-2014. The paper also deals with the commitments that the recent economic-financial crisis created on the banking assets flows. The authors resort to regression equations in order to demonstrate the connection between the effects of banking integration and various factors involved (the relative dimension of the country, the significance of the banks in the financial system, the Herfindhal index, the degree of concentration or dispersion of the property on banks, the degree of independence, the tradition of law. In order to measure the level of banking integration of the national bank systems, the indices we used are the degree of openness

  12. Incentive pay and bank risk-taking: Evidence from Austrian, German, and Swiss banks

    National Research Council Canada - National Science Library

    Efing, Matthias; Hau, Harald; Kampkötter, Patrick; Steinbrecher, Johannes

    2015-01-01

      We use payroll data in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 67 banks...

  13. Should the 'Outs' Join the Banking Union?

    NARCIS (Netherlands)

    P. Hüttl (Pia); D. Schoenmaker (Dirk)

    2016-01-01

    textabstractThe Single Market stimulates cross-border banking throughout the European Union. This paper documents the banking linkages between the 9 ‘outs’ and 19 ‘ins’ of the Banking Union. We find that some of the major banks, based in Sweden and Denmark, have substantial banking claims across the

  14. Recent trends in cross-border banking

    NARCIS (Netherlands)

    De Haas, Ralph; van Horen, Neeltje; Beck, Thorsten; Casu, Barbara

    2017-01-01

    This chapter identifies a number of recent trends in European cross-border banking. The authors first distinguish between two main modes of international banking: cross-border versus multinational banking. Cross-border banking occurs when a bank in country A lends directly to a borrower in country

  15. 40 CFR 91.205 - Banking.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 20 2010-07-01 2010-07-01 false Banking. 91.205 Section 91.205... EMISSIONS FROM MARINE SPARK-IGNITION ENGINES Averaging, Banking, and Trading Provisions § 91.205 Banking. (a... banking. (i) For outboard engines in model year (MY) 1997, a manufacturer may bank positive emission...

  16. The Interrelationship Between Bank Failure and Political ...

    African Journals Online (AJOL)

    ... the bank failures include reckless lending, corruption, non-use of prudent classification risk assessment methods, fraud and management deficiencies. External factors such as deregulation; lack of information among bank customers; homogeneity of the banking business, connections among banks do cause bank failure.

  17. 12 CFR 2.5 - Bank compensation.

    Science.gov (United States)

    2010-01-01

    ... compensation in recognition of the role played by its personnel, premises, and good will in credit life... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Bank compensation. 2.5 Section 2.5 Banks and... compensation. (a) Nothing contained in this part prohibits a bank employee, officer, director, or principal...

  18. 31 CFR 515.320 - Domestic bank.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Domestic bank. 515.320 Section 515... § 515.320 Domestic bank. The term domestic bank shall mean any branch or office within the United States... Secretary of the Treasury may also authorize any other banking institution to be treated as a “domestic bank...

  19. 31 CFR 500.320 - Domestic bank.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Domestic bank. 500.320 Section 500... § 500.320 Domestic bank. The term domestic bank shall mean any branch or office within the United States... Secretary of the Treasury may also authorize any other banking institution to be treated as a “domestic bank...

  20. Online Banking Customers: Insights from Germany

    OpenAIRE

    Sven Christian Berger; Sonja Gensler

    2007-01-01

    Online banking is wide spread among German banking customers. But what really characterizes those customers? Using data from a nation-wide survey of about 20,000 retail banking customers, the authors analyze the profile of online banking customers and their banking behavior.

  1. Can We Predict the Outcome of the International Football Tournaments? : the Case of Euro 2000 = Uluslararası Futbol Turnavalarının Sonuçları Tahmin Edilebir mi? Euro 2000 Örneği

    Directory of Open Access Journals (Sweden)

    Ferda HALICIOĞLU

    2005-01-01

    Full Text Available This paper statistically analyses and attempts to predict the most likely winners of the Euro 2000 football tournament on the basis of the seasonal coefficients of variation (CVs of the end-of-season points, which were computed from the top division final standings of participating countries of Euro 2000.The CV values computed from over ten seasons for the respective countries were used as a sole measurement value to rank the countries and to determine the most likely winners of Euro 2000.According to the three scenarios (long-term, mid-term, and short-term based on the respective CV values of fifteen countries, France appeared to be the most likely country to win Euro 2000 and was closely followed by Spain.

  2. Poweo 2006 consolidated revenue at euro 244 million, up 121%; Poweo chiffre d'affaires 2006 de 244 millions euro, en hausse de 121%

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-01-15

    POWEO, the leading independent energy operator in France, presents in this document its key business indicators for the 4. quarter of 2006 and the full year: POWEO records again a strong rise of its annual revenue, exceeding its euro 220 million target. This progression relates to all the business components. The particularly soft climatic conditions recorded in France at the end of the year did not result in a significant fall of revenue compared to initial forecasts. The number of customer sites amounts to 80.300 at December 31, 2006, in progression of 23% compared to the end of 2005. The customer base remained overall stable during the second half of 2006, POWEO limiting voluntarily the acquisition of customers in electricity during the preparation of the opening to competition of the residential market due to take place on July 1, 2007. The gas customer base for its part more than doubled compared to end June 2006, with more than 5.000 customer sites transferred as at December 31, 2006. The Energy Management net margin, realised or un-realised, amounted to euro 49.7 million in 2006, recognised as revenue under IFRS standards. This includes the euro 22 million exceptional capital gain mentioned in previous financial releases in 2006, as well as a euro 7.9 million un-realised capital gain resulting from the transfer of some contracts into the Energy Management portfolio further to the capacity swap agreement with EDF announced publicly on January 3, 2007. The services provided by POWEO to its customers enjoy a high level of acceptance and represented revenue of euro 2.9 million in 2006. As from 2007, the revenue realised through these services will be presented separately from other components of revenue in order to better reflect its expected growth. The services offering will be indeed a key element of the marketing strategy of POWEO in the years to come, with a potentially significant impact on the results taking into account their level of gross margin which

  3. Is There a Need for a New Fiscal Framework in the Euro Area?

    DEFF Research Database (Denmark)

    Hallett, Andrew Hughes; Hougaard Jensen, Svend E.

    The rules stipulated by the Stability and Growth Pact have proved impossible to enforce. However, to avoid unsustainable fiscal policies reappearing, and to prevent monetary policy from being undermined by self-interested governments, there is still a need for a fiscal framework within the Euro...... Area. To achieve co-ordination between monetary and fiscal policies, this paper suggests an intertemporal assignment, where fiscal policy focuses on long-term objectives (e.g., social security, public provision of education and research) and monetary policies focus on short run objectives...... region within which the debt target must operate. Making these factors explicit would both improve the credibility of the Euro Area’s fiscal policies and reduce the risk premia in borrowing costs. However stabilising the stock of debt by fiscal means alone is not always possible....

  4. EuroQoL in assessment of the effect of pulmonary rehabilitation COPD patients

    DEFF Research Database (Denmark)

    Ringbaek, Thomas; Brøndum, Eva; Martinez, Gerd

    2008-01-01

    BACKGROUND: The effect of pulmonary rehabilitation on EuroQol in COPD patients has not been investigated previously. METHODS/MATERIALS: Two hundred and twenty nine consecutive COPD patients who had completed a 7-week pulmonary rehabilitation programme were assessed with EuroQol five......-dimension questionnaire (EQ-5D), endurance shuttle walk test (ESWT), and the St George's Respiratory Questionnaire (SGRQ) before and after the programme, and at the 3-month follow-up visit. RESULTS: Two hundred and two (88.4%) patients had FEV(1)... scale. At completion of the programme, statistical significant improvements were seen for ESWT 157.3s; prehabilitation on ESWT and SGRQ were maintained at 3-month follow-up (158.9s...

  5. Comment lutter contre la fragmentation du système bancaire de la zone euro

    OpenAIRE

    Céline Antonin; Christophe Blot; Jérôme Creel; Fabien Labondance; Vincent Touze; Paul Hubert

    2014-01-01

    Le système bancaire de la zone euro a été fortement touché par deux crises : celle des subprime puis celle des dettes souveraines. Il s'en est suivi un processus de fragmentation du système bancaire qui s'est traduit par des difficultés de financement pour les banques des pays en crise et par une hétérogénéité des conditions de financement – taux des prêts aux ménages et aux entreprises de la zone euro. Si la BCE est parvenue à éviter une crise systémique majeure, cette situation a perturbé l...

  6. The effects of the Euro adoption on the timber market in Romania

    Directory of Open Access Journals (Sweden)

    V. Antonoaie

    2013-06-01

    Full Text Available This paper analyses the potential effects of adopting the Euro currency in Romania on the timber prices. We begin from the current situation of Romanian wood auctions (starting price, selling price, timber type, volume auctioned, volume sold and compare it to the situation in Slovakia. In this case, an in depth analysis on the effects of the currency change will be presented, focusing on the changes that have occurred in the prices of general goods and materials, especially on the timber market, taking into account the changes that have taken place on the Slovakian timber market. We will apply the same trend to Romania and set up a forecasting model and study the potential effects, both immediate and long term of adopting the Euro currency for the timber market (variation in price and timber volume.

  7. Dissimilar Effects of World News Announcements on Euro/Dollar/Yen Exchange Rates: An Econophysics Approach

    Directory of Open Access Journals (Sweden)

    David Matesanz

    2015-01-01

    Full Text Available This paper revisits the issue of the influence of macro-economic announcements over the exchange rates volatility, but from a different perspective as it is the usual in the econometric literature. By quantifying the impact of world-wide macroeconomic information published in the economic calendar in several recent years we were able to construct long events’ time series with the objective to test whether they influence exchange rate volatilities in several currencies. In order to do that, Granger causality test was employed by using a computational approach. Our results show that announcements from U.S.A are, by far, the most important influence over the three spot forex quotes, Euro/Dollar, Euro/Yen and Dollar/Yen. The method proposed here opens the door to address several open questions until now.

  8. The euro area ten years after its creation: (Divergent competitiveness and the optimum currency area theory

    Directory of Open Access Journals (Sweden)

    Rebelo João Barbosa

    2011-01-01

    Full Text Available As the euro is on its second decade, the European sovereign debt crisis and the ever more evident disparities in competitiveness among member states are prompting many to question whether monetary union is bringing more benefits than costs. The optimum currency area (OCA theory provides a framework with several criteria for such analysis. In such context, we start by a descriptive analysis of the first twelve euro countries under six criteria, leading to a mixed conclusion on whether the EMU is closer or farther to fulfil them. Then we assess the impact of five OCA criteria on countries’ relative competitiveness. Differences in the growth of unit labour costs, the dissimilarity of trade and the differences in output growth were found to be the most significant. This way, we identify some causes of the divergent competitiveness between some EMU countries that contributed to weaker economic growth in some of them.

  9. How much is Banking Secrecy worth? The case of Swiss Banks

    OpenAIRE

    Ziegler, Alexandre

    2011-01-01

    We use an early episode of negotiations between Switzerland and the European Union to investigate the value of banking secrecy for four Swiss banks: two universal banks and two private banks. We nd that the value of banking secrecy to private banks is large, accounting for at least 8 to 14% of their market value. Perhaps surprisingly, banking secrecy appears to account for only a very small fraction of the market value of the universal banks.

  10. Universal banking and the Nigerian banking sector | Osamwonyi ...

    African Journals Online (AJOL)

    In this study we propose that there is a positive relationship between the variables (growth, effective customer service, size of a bank) and universal banking in Nigeria. In support of this proposition, we employed empirical evidence in the investigation. From the result, it was discovered that the size (net assets and market ...

  11. Contagious bank failures in a free banking system

    NARCIS (Netherlands)

    Aghion, P.; Bolton, P.; Dewatripont, M.

    2000-01-01

    This paper develops a model of an unregulated banking system based around a private clearing house arrangement. Whilst such a system may dominate one with a public safety net in reducing moral hazard in lending and therefore the scope for individual bank insolvency, it also increases the likelihood

  12. Australian Item Bank Program: Social Science Item Bank.

    Science.gov (United States)

    Australian Council for Educational Research, Hawthorn.

    After vigorous review, editing, and trial testing, this item bank was compiled to help secondary school teachers construct objective tests in the social sciences. Anthropology, economics, ethnic and cultural studies, geography, history, legal studies, politics, and sociology are among the topics represented. The bank consists of multiple choice…

  13. Banking sector deregulation, bank-firm relationships and corporate leverage

    NARCIS (Netherlands)

    Braggion, Fabio; Ongena, S.R.G.

    2017-01-01

    We study the effects of the 1971 deregulation of UK banking on firms’ financial and investment policies. The deregulation was a turning point in the evolution of firm–bank relationships during the twentieth century. Indeed, for more than 80 years prior to deregulation most firms had had a

  14. The Euro Changeover and its Effects on Price Transparency and Inflation.

    OpenAIRE

    Giovanni Mastrobuoni; Wioletta Dziuda

    2005-01-01

    Despite the expectations of economists that the euro changeover would have no effect on prices, we show that European consumers perceived the contrary. The data indicate that consumers based their perceptions about inflation on goods that are cheaper and more frequently purchased. We use this insight to develop and estimate a model of imperfect information that explains why these goods were subject to higher price growth after the changeover. The data indicate that some retailers, aware of th...

  15. How have inflation dynamics changed over time? Evidence from the euro area and USA

    OpenAIRE

    Oinonen, Sami; Paloviita, Maritta; Vilmi , Lauri

    2013-01-01

    This paper analyzes euro area and U.S. inflation dynamics since the beginning of the 1990s by estimating New Keynesian hybrid Phillips curves with time-varying parameters. We measure inflation expectations by subjective forecasts from Consensus Economics survey and so do not assume rational expectations. Both rolling regressions and state-space models are employed. The results indicate that in both economic areas the inflation dynamics have steadily become more forward-looking over time. We a...

  16. Research on the Nominal Convergence of Romania to the Euro Area

    Directory of Open Access Journals (Sweden)

    Diana Bărglăzan

    2008-10-01

    Full Text Available All the European Union (EU member states engaged to adopt, sooner or later, the euro. In order to do so, they must accomplish the convergence criteria concerning the inflation rate, the exchange rate, the interest rate, the public deficit and the public debt. The paper analyses the situation of Romania, based on the convergence criteria. Romania accomplishes only the criteria referring to public finances, while inflation still seems to be the worst problem.

  17. Economic Integration in the EuroMed: Current Status and Review of Studies

    OpenAIRE

    Joachim Jarreau

    2011-01-01

    This article draws a picture of the current status of the liberalization process in the Euro-Mediterranean region, and reviews existing studies of this process. Economic integration among the South-Med countries (SMCs) has started in the middle 1990s through intra-regional agreements (GAFTA, Agadir Agreement) and bilateral agreements with the EU. Econometric studies using gravity models generally found important trade creation effects for intra-regional trade, but smaller and asymmetric effec...

  18. Sport Mega Events and the Need for Critical Sociological Research: the Case of Euro 2012

    OpenAIRE

    Woźniak, Wojciech

    2013-01-01

    Euro 2012 was the first Sport Mega Event held in Poland. It has been presented in public discourse in Poland as unprecedented opportunity for modernization and unquestionable success. However, looking at a multitude of data concerning the political, economic and social consequences of the event, allows putting these opinions into question. The paper discusses these topics using the numbers and information from various resources, considering also uncritical support of politic...

  19. Convergence between the business cycles of Central and Eastern European countries and the Euro area

    OpenAIRE

    Nenad Stanisic

    2013-01-01

    Although entry to the Euro area (EA) is based only on fulfilment of the Maastricht criteria, implementation of optimum currency criteria and real economic convergence determines the benefits and costs of monetary integration. This paper focuses on the synchronization of business cycles among Central and Eastern European countries (CEECs) and the EA. Business cycles are extracted from GDP data series using a double Hodrick–Prescott filter method. The degree of co-movement of cycles is evaluate...

  20. Medición de la inflación en la zona euro

    Directory of Open Access Journals (Sweden)

    Rodríguez Ruíz, Julián.

    2003-01-01

    Full Text Available El objeto de este documento consiste en analizar si los movimientos en la “inflación medida” recogen adecuadamente el fenómeno inflacionario para algunos países de la zona euro. Para ello se utiliza la metodología propuesta por Quah y Valhey basada en sistemas de Vectores Autorregresivos Estructurales. La aproximación es consistente con la interpretación de la curva de Phillips a largo plazo.

  1. Using volunteer motives and expectations as a management tool - case EuroBasket 2017

    OpenAIRE

    Kuivalainen, Tero

    2017-01-01

    Finland is one of the four hosting countries for the European Basketball Championship in 2017. It has been already 50 years since Finland last hosted the European Championship and therefore being a significant achievement for the Finnish basketball. The Local Organizing Committee of Finland for the EuroBasket 2017, which is responsible for hosting the event, is dependent on volunteers to pull of the event. Understanding the motives and expectations of volunteers, enable sport event managers t...

  2. CEEPRA - Collaboration Network on EuroArctic Environmental Radiation Protection and Research

    Energy Technology Data Exchange (ETDEWEB)

    Solatie, D.; Leppaenen, A.P. [STUK-Radiation and Nuclear Safety Authority (Finland); Kasatkina, N. [Murmansk Marine Biological Institute (Russian Federation); Nalbandyan, A. [Norwegian Radiation Protection Authority (Norway); Paatero, J. [Finnish Meteorological Institute (Finland); Reinikainen, K.; Nissi, M. [Poeyry Finland Oy (Finland); Vaaramaa, K. [Radiation and Nuclear Safety Authority (Finland)

    2014-07-01

    CEEPRA (Collaboration Network on EuroArctic Environmental Radiation Protection and Research) is an EU-funded project acting under the Kolarctic ENPI CBC programme. The CEEPRA project's main aim is to develop a collaboration network between key radiation research institutions in the EuroArctic region, which will lead to improved emergency preparedness capabilities in the event of any nuclear accidents. The project is studying the current state of radioactive contamination in the terrestrial and marine ecosystems in the EuroArctic region by examining environmental samples collected from Lapland in Finland, Finnmark and Troms in Norway, the Kola Peninsula in Russia and in the Barents Sea. The results provide updated information on the present levels, occurrence and the fate of radioactive substances in the Arctic environments and food chains. Special attention is given to collection and analyses of natural products widely used by general public in Finland, Russia and Norway, such as berries, mushrooms, fish and reindeer meat. The region-specific risk assessments are carried out through modelling and studying of long-term effects of potential nuclear accidents in the EuroArctic region and possible impacts on the region's indigenous population, terrestrial and marine environments, reindeer husbandry, the natural product sector, tourism and industries. The project partners are Radiation and Nuclear Safety Authority (STUK) from Finland, the Murmansk Marine Biological Institute (MMBI) from Russia, the Norwegian Radiation Protection Authority (NRPA), Finnish Meteorological Institute and Poeyry Finland Oy. The Southern Scientific Centre of the Russian Academy of Sciences (SSC RAS) and Norwegian Meteorological Institute (MET) are taking part in the project as well. The main results of the project are presented in this study. Document available in abstract form only. (authors)

  3. Chain coordinators’ strategic leadership and coordination effectiveness: New Zealand-Euro agri-food supply chains

    OpenAIRE

    Punjaisri, K; Akhtar, P.; Kaur, S

    2016-01-01

    Purpose - Although suitable leadership styles are crucial for chain coordinators (CEOs,managing directors and head of departments) to achieve the effectiveness of supply chain coordination (operational and social performances contributing to financial performance), the potential caveats in New Zealand-Euro agri-food supply chains are the lack of theoretical as well as empirical investigations that scrutinize the linkages between leadership styles, their interactions and the effectiveness of s...

  4. Liquidity Risk on Banking Industry: Comparative Study Between Islamic Bank and Conventional Bank in Indonesia

    Directory of Open Access Journals (Sweden)

    Harjum Muharam

    2015-11-01

    Full Text Available Conventional and Islamic banks approximately are similar in risk summary. Therefore it needs further observations to control their liquidity risk. This study investigates the influence of CAR, profitability rasios, NIM, liquidity gaps, and RLA belongs to liquidity risk on banking industry. The statistical analysis concluded that there are negative and significant influence of CAR and ROE to liquidity risk on conventional banks, while ROA and RLA have positive and significant effect. In Islamic banks, a positive and significant impact of NIM and ROE to dependent variable, whereas liquidity gaps and RLA have significat effect.DOI: 10.15408/aiq.v5i2.2118

  5. Elements of banking intermediation in the Algerian Banking system and the means to activate it

    Directory of Open Access Journals (Sweden)

    Habbar Abderezak, Dr.

    2014-06-01

    Banking intermediation raises several interrelated issues for banks, the central bank and the Treasury. It is linked to the gross domestic product, money supply and bank liquidity, etc. These elements will be examined in this article to learn the elements of bank intermediation in the Algerian banking system and ways of strengthening it.

  6. 5 CFR 630.1003 - Establishing leave banks and leave bank boards.

    Science.gov (United States)

    2010-01-01

    ... 5 Administrative Personnel 1 2010-01-01 2010-01-01 false Establishing leave banks and leave bank... REGULATIONS ABSENCE AND LEAVE Voluntary Leave Bank Program § 630.1003 Establishing leave banks and leave bank boards. (a) Each agency that participates in the voluntary leave bank program shall, in accordance with...

  7. Banking concentration in the European Union during the last fifteen years

    Directory of Open Access Journals (Sweden)

    Santillán-Salgado Roberto J.

    2011-01-01

    Full Text Available The increase in the concentration of the banking industry across European Union countries during the last fifteen years can be explained in terms of: a global factors, like the comprehensive adoption of technological innovations, the intensification of competition that has resulted from the deregulation of the financial sector and, more recently, as a consequence of the government interventions and forced acquisitions prompted by the 2007-2009 financial crisis; and, b factors that have been specific to the E.U., in particular, the structural changes that took place in the region as a result of the creation of the Single Financial Market (1993 and the introduction of the euro (1999. This work analyzes the concentration process of the banking industry in the E.U. during the last fifteen years giving preeminence to the strategic choices made by the region’s commercial banks. It also reports the most visible E.U. banks’ M&As and government interventions that resulted from the 2007-2009 financial crisis, make a preliminary evaluation of the outcomes, and suggests possible future trends for the banking industry in the region.

  8. Shaping of Czech Debate on the Euro: Position of Václav Klaus in 1999–2002 Period

    Directory of Open Access Journals (Sweden)

    Petr Kaniok

    2014-06-01

    Full Text Available The European Union (EU has been changing since the start of the economic crisis in 2008. Many previously uncontested issues – among them the euro - have been challenged. As a result of these developments, attitudes usually labelled as Euroscepticism have become more accepted as a part of the political mainstream. This article tries to identify – on the basis of the analysis of the euro discourse of Václav Klaus, former Czech president and prominent Eurosceptic – whether the current critical atmosphere in the EU can be explained through assumptions of theoretically defined soft and hard Euroscepticism and can be thus seen as a manifestation of Euroscepticism. The article concludes that even if the euro discourse of Václav Klaus contains both elements of soft and hard Euroscepticism, an important level of expertise critique towards the euro that can be found in Klaus’ discourse can not be explained by Euroscepticism.

  9. Oily skin: an overview.

    Science.gov (United States)

    Sakuma, Thais H; Maibach, Howard I

    2012-01-01

    Oily skin (seborrhea) is a common cosmetic problem that occurs when oversized sebaceous glands produce excessive amounts of sebum giving the appearance of shiny and greasy skin. This paper overviews the main concepts of sebaceous gland anatomy and physiology, including the biosynthesis, storage and release of sebum, as well as its relationship to skin hydration and water barrier function. We also address how skin oiliness may vary according to diet, age, gender, ethnicity and hot humid climates. The deeper understanding of this skin type provides the opportunity to better guide patients regarding skin care and also assist in the development of sebosuppressive agents. Copyright © 2012 S. Karger AG, Basel.

  10. Viral Skin Diseases.

    Science.gov (United States)

    Ramdass, Priya; Mullick, Sahil; Farber, Harold F

    2015-12-01

    In the vast world of skin diseases, viral skin disorders account for a significant percentage. Most viral skin diseases present with an exanthem (skin rash) and, oftentimes, an accompanying enanthem (lesions involving the mucosal membrane). In this article, the various viral skin diseases are explored, including viral childhood exanthems (measles, rubella, erythema infectiosum, and roseola), herpes viruses (herpes simplex virus, varicella zoster virus, Kaposi sarcoma herpes virus, viral zoonotic infections [orf, monkeypox, ebola, smallpox]), and several other viral skin diseases, such as human papilloma virus, hand, foot, and mouth disease, molluscum contagiosum, and Gianotti-Crosti syndrome. Copyright © 2015 Elsevier Inc. All rights reserved.

  11. Size, productivity, and international banking

    NARCIS (Netherlands)

    Buch, Claudia M.; Koch, Catherine T.; Koetter, Michael

    2011-01-01

    Heterogeneity in size and productivity is central to models that explain which manufacturing firms expert. This study presents descriptive evidence on similar heterogeneity among international banks as financial services providers. A novel and detailed bank-level data set reveals the volume and mode

  12. QUALITY MANAGEMENT IN BANKING SYSTEM

    Directory of Open Access Journals (Sweden)

    Micuda Ion Dan

    2009-05-01

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

  13. Liquidity regulation and bank behavior

    NARCIS (Netherlands)

    Bonner, C.

    2014-01-01

    In response to the 2007-08 financial crisis, the Basel Committee on Banking Supervision proposed two liquidity standards to reinforce banks’ resilience to liquidity risks. The purpose of this thesis is to analyze the impact of liquidity regulation on bank behavior. The first of four main chapters

  14. Liquidity coinsurance and bank capital

    NARCIS (Netherlands)

    Castiglionesi, F.; Feriozzi, F.; Lóránth, G.; Pelizzon, L.

    Banks can deal with their liquidity risk by holding liquid assets (self-insurance), by participating in interbank markets (coinsurance), or by using flexible financing instruments, such as bank capital (risk sharing). We use a simple model to show that undiversifiable liquidity risk, that is, the

  15. Bank capital management : International evidence

    NARCIS (Netherlands)

    De Jonghe, O.G.; Öztekin, Ö.

    We examine the dynamic behavior of bank capital using a global sample of 64 countries during the 1994-2010 period. Banks achieve deleveraging through active capital management (equity growth) rather than asset liquidation. In contrast, they achieve leveraging through passive capital management

  16. Determinants of Iranian bank profitability

    Directory of Open Access Journals (Sweden)

    Hassan Ghodrati

    2014-04-01

    Full Text Available Banks are the most important tool for preparing and supplying money in each country. In recent years, by institution of the new private banks and privatization of the governmental banks, banking competition has become very complex. This paper performs an empirical investigation to study the effects of different factors on return on assets and return on equities on 18 selected Iranian firms over the period 2002-2011. Using different regression models, the study studies the effects of total assets, debt ratio, etc. on return of assets (ROA and return on equities (ROE on selected eighteen Iranian banks as statistical community. The study considers total assets, ownership ratio, deposits to assets ratio, and loans to assets ratio as independent variables, and ROE and ROA as dependent variables. The results indicate that the private banks returns were better than governmental banks and the commercial banks’ returns were better than special banks. There is a reverse relationship between logarithm of total assets and ownership ratio with profitability based on return of assets.

  17. Bank performance and corporate culture

    NARCIS (Netherlands)

    Stentella Lopes, F.S.

    2015-01-01

    This thesis has three chapters and focuses on the performance of banks and on corporate culture. The first two chapters focus on bank performance and economic expectations. Specifically, the first chapter sheds light on the consistency between investors’ reaction to merger announcement and bankers’

  18. Bank Lending, Housing and Spreads

    DEFF Research Database (Denmark)

    Aslam, Aqib; Santoro, Emiliano

    agents in the economy, and through which changes in the monetary policy rate by the central bank are transmitted. The inter-linkages between housing and the role of the banking sector in the transmission of monetary policy is emphasized. Two competing effects are highlighted: (i) a financial accelerator...

  19. BioMagResBank.

    NARCIS (Netherlands)

    Ulrich, E.L.; Akutsu, H.; Doreleijers, J.; Harano, Y.; Ioannidis, Y.E.; Lin, J.; Livny, M.; Mading, S.; Maziuk, D.; Miller, Z.; Nakatani, E.; Schulte, C.F.; Tolmie, D.E.; Wenger, R Kent; Yao, H.; Markley, J.L.

    2008-01-01

    The BioMagResBank (BMRB: www.bmrb.wisc.edu) is a repository for experimental and derived data gathered from nuclear magnetic resonance (NMR) spectroscopic studies of biological molecules. BMRB is a partner in the Worldwide Protein Data Bank (wwPDB). The BMRB archive consists of four main data

  20. Croatian bank investments in securities

    Directory of Open Access Journals (Sweden)

    Antun Jurman

    2005-12-01

    Full Text Available In this paper the author presents the basic characteristics of debt securities and shares and analyses the amount, structure and characteristics of the securities portfolio in Croatian banks in period from 1993 to 2004. The analysis shows that in the entire analyzed period Republic of Croatia together with state funds and other public institutions was the main issuer of securities that banks have in their portfolios. The securities issued by banks and companies represent only a marginal part of banks’ portfolios but it is also true that banks have strongly supported the privatization process of state owned companies by providing credit for purchasing of shares and later on swapping their credit claims for shares. In this way banks acquired a significant portfolio of shares that they later sold on the open market. Data about the significant reduction of securities portfolio in the banking assets structure, from 46.1% in 1993 to only 10.6% in 2004, is indicative of a low level of trading in securities. This means that in the following years, central and local government should secure the necessary funds more by issuing securities than by credit, especially not by taking credit from abroad. Furthermore, in order to spread business with securities, banks should also substitute a portion of their credit portfolio with short and long term securities. In this way, the investors would be able to use the benefits of investing in securities instead of investing their funds in bank deposits as they have done until now.

  1. Infrastructure and distributed learning methodology for privacy-preserving multi-centric rapid learning health care: euroCAT

    Directory of Open Access Journals (Sweden)

    Timo M. Deist

    2017-06-01

    The euroCAT infrastructure has been successfully implemented in five radiation clinics across three countries. SVM models can be learned on data distributed over all five clinics. Furthermore, the infrastructure provides a general framework to execute learning algorithms on distributed data. The ongoing expansion of the euroCAT network will facilitate machine learning in radiation oncology. The resulting access to larger datasets with sufficient variation will pave the way for generalizable prediction models and personalized medicine.

  2. Wind power in the Euro-Mediterranean region: development and prospects; Energia eolica en la region euromediterranea: desarrollo y perspectivas

    Energy Technology Data Exchange (ETDEWEB)

    Fernandez Latorre, F. M.; Ventura Fernandez, J.

    2011-07-01

    This work is a first approach to wind development in the Euro-Mediterranean region and identifies the major initiatives underway as well as development conditions. It includes a study case of wind power management in the Strait of Gibraltar area. Wind development is analyzed in the Euro-Mediterranean territories by comparing Spanish regions with different States using various indicators. Key countries are noted for their potential and policies to promote wind based alternatives. (Author)

  3. Hiperpotassemia pela Solução Euro-Collins na Anestesia para Transplante Renal: Relato de Caso

    OpenAIRE

    Hirata, Eunice Sizue; Pereira, Rosa Inês Costa; Filho, Gentil Alves; Braga, Angélica de Fátima de Assunção

    2013-01-01

    OBJECTIVE: To describe anesthesia for renal transplantation that progressed to a sharp potassium increase after kidney reperfusion with Euro-Collins' solution in the operative field. We will also report on diagnosis and treatment used. CONCLUSION: The use of infusion solutions in the surgical field requires careful monitoring, such as electrocardiography, measurement of serum potassium, and availability of calcium gluconate, insulin, and albuterol for immediate use. The replacement of Euro-Co...

  4. Economic Growth in the Euro-Med Area through Trade Integration: Focus on Agriculture and Food. Regional impact analysis

    OpenAIRE

    Kavallari, Aikaterini; RAU Marie-Luise; Rutten, Martine

    2013-01-01

    This report presents the simulations of deeper economic integration in the Euro-Mediterranean area by applying the general equilibrium model MAGNET. The scenarios are conducted in order to provide insight about how growth in North Africa, specifically Egypt, Morocco and Tunisia, could potentially be promoted. The focus is on the agri-food sectors, which are investigated in the context of the Euro-Mediterranean Partnership, framed within the negotiations of Deep and Comprehensive Free Trade Ag...

  5. Capital Requirements and Banks' Leniency

    DEFF Research Database (Denmark)

    Dietrich, J. Kimball; Wihlborg, Clas

    2003-01-01

    We investigate the effect of changes in capital regulation on the strictness(leniency) of loan terms using a simple model of bank capital requirements andasset quality examinations. Banks offer different levels of `leniency' in the senseof willingness to offer automatic extensions of loans...... in the presence of temporarypayment difficulties of borrowers. Banks offering lenient (less strict) loan termsmust have higher initial levels of capital and charge higher loan rates. Whencapital requirements are increased, both strict and lenient banks hold higher levelsof initial capital and they raise loan...... rates. As capital requirements increase thedifference between initial capital levels and between interest rates of strict andlenient banks decrease. Thus, higher capital requirements in recessions tend toreduce the interest rate premium paid for leniency. If a recession is interpreted asan increase...

  6. Financial integration in the euro area : Pro-cyclical effects and economic convergence

    NARCIS (Netherlands)

    Arnold, I.J.M.; Ewijk, van S.E.

    2015-01-01

    This paper investigates the role of financial integration in the macro-economic adjustment process of countries inside EMU. We employ a confidential bilateral version of the locational banking statistics granted to us by the Bank of International Settlements. We use this dataset to measure the

  7. Banking and Economic Development in Morocco

    OpenAIRE

    Tatom, John

    2005-01-01

    In Morocco, as elsewhere, banking is the principal financial sector it has the potential to contribute the most or to most severely retard economic development. But the banking industry’s potential performance is constrained by the monetary policies of the central bank. This paper reviews some major factors favoring a strong banking industry that boosts development, as well as the major obstacles that have or continue to face the industry and the economy. The Moroccan central bank, Bank al’...

  8. The Growth of Islamic Banking in Indonesia

    OpenAIRE

    Fika Fitriasari

    2012-01-01

    This article describes the growth of Islamic banking industry in Indonesia.Islamic banking to perform progressive and strong performance from thebanking indicators. Bank Indonesia estimates that the Islamic banking industry will achieve a growth higher than the national banking system in general. In the development of Islamic banking there are still some challenges to be solved especially for a small market share, lack ofhuman resources, and the lack of product development

  9. Bailouts, Contagion, and Bank Risk-Taking

    OpenAIRE

    LEV RATNOVSKI; Giovanni Dell'Ariccia

    2012-01-01

    We revisit the link between bailouts and bank risk taking. The expectation of government support to failing banks (bailout) creates moral hazard and encourages risk-taking. However, when a bank's success depends on both its idiosyncratic risk and the overall stability of the banking system, a government's commitment to shield banks from contagion may increase their incentives to invest prudently. We explore these issues in a simple model of financial intermediation where a bank's survival dep...

  10. CHARACTERISTICS OF ONLINE BANKING PRODUCTS AND SERVICES

    OpenAIRE

    BUCUR Luiza Emanuela

    2015-01-01

    Online banking is the newest and least understood delivery channel for retail banking services. This article show how customers perceive Online Banking Services. Focuses on the issues associated with internet banking service quality. For customer service quality, focus is on access, credibility, communication, understanding the costumer and collaboration. For online banking services focus is on: ease of use, accuracy, timelines, aesthetics and security. For banking service product quality foc...

  11. Skin Stem Cells in Skin Cell Therapy

    Directory of Open Access Journals (Sweden)

    Mollapour Sisakht

    2015-12-01

    Full Text Available Context Preclinical and clinical research has shown that stem cell therapy is a promising therapeutic option for many diseases. This article describes skin stem cells sources and their therapeutic applications. Evidence Acquisition Compared with conventional methods, cell therapy reduces the surgical burden for patients because it is simple and less time-consuming. Skin cell therapy has been developed for variety of diseases. By isolation of the skin stem cell from the niche, in vitro expansion and transplantation of cells offers a surprising healing capacity profile. Results Stem cells located in skin cells have shown interesting properties such as plasticity, transdifferentiation, and specificity. Mesenchymal cells of the dermis, hypodermis, and other sources are currently being investigated to promote regeneration. Conclusions Because skin stem cells are highly accessible from autologous sources and their immunological profile is unique, they are ideal for therapeutic approaches. Optimization of administrative routes requires more investigation own to the lack of a standard protocol.

  12. Neuromodulators for Aging Skin

    Science.gov (United States)

    ... Hands Age Spots Aging Skin Birthmarks Burn Scars Cellulite Crow's Feet Droopy Eyelids Excess Fat Excessive Sweating ... Hands Age Spots Aging Skin Birthmarks Burn Scars Cellulite Crow's Feet Droopy Eyelids Excess Fat Excessive Sweating ...

  13. Examine Your Skin

    Medline Plus

    Full Text Available ... Store In Memory Melanoma Info Melanoma Facts Melanoma Prevention Sunscreen Suggestions Examine Your Skin Newly Diagnosed? Understanding ... video. UPDATED: November 23, 2016 Melanoma Facts Melanoma Prevention Sunscreen Suggestions Examine Your Skin Newly Diagnosed? Understanding ...

  14. Necrotizing Skin Infections

    Science.gov (United States)

    ... Summer Camp Tips for Kids With Asthma, Allergies Antioxidants: The Good Health Helpers As Stroke 'Liquefies' Brain ... Video) Skin Cancer Additional Content Medical News Necrotizing Skin Infections By A. Damian Dhar, MD, JD, Private ...

  15. Basal cell skin cancer

    Science.gov (United States)

    Basal cell skin cancer almost never spreads. If it is left untreated, it may spread into surrounding areas and nearby tissues and bone. In these cases, treatment can injure the appearance of the skin.

  16. Skin care and incontinence

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    ... Supplements Videos & Tools Español You Are Here: Home → Medical Encyclopedia → Skin care and incontinence URL of this page: //medlineplus.gov/ency/article/003976.htm Skin care and incontinence To use ...

  17. Skin lesion of blastomycosis

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    ... page: //medlineplus.gov/ency/article/000865.htm Skin lesion of blastomycosis To use the sharing features on this page, please enable JavaScript. A skin lesion of blastomycosis is a symptom of an infection ...

  18. Skin lesion aspiration

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    ... page: //medlineplus.gov/ency/article/003451.htm Skin lesion aspiration To use the sharing features on this page, please enable JavaScript. Skin lesion aspiration is the withdrawal of fluid from a ...

  19. Examine Your Skin

    Medline Plus

    Full Text Available ... Suggestions Examine Your Skin Newly Diagnosed? Understanding Your Pathology Biopsy: The First Step Sentinel Node Biopsy Melanoma ... Suggestions Examine Your Skin Newly Diagnosed? Understanding Your Pathology Biopsy: The First Step Sentinel Node Biopsy Melanoma ...

  20. An investigation on factors influencing electronic banking adoption in private banks versus public banks

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    Ali Alikhani

    2014-01-01

    Full Text Available The movement of industrial societies towards implementation of information technology has begun and it has gained moment since early 90th and presently the speed of this movement is well obvious in less developed countries, including Iran. Internet Banking is one of the most tangible trends in today’s electronic commerce. It has direct relationship with the perception of the service qualities not only because of unique absorption of the internet, but also because of e-commerce, acceptance of internet services of banks by clients and the tendency for using such services. This paper investigates different factors influencing on acceptance of electronic banking in private banks versus public banks in a case study of two Iranian banks namely; Eqtesade Novin and Sepah using Technology Acceptance Model (TAM. Correlation test reveals that there was a positive and significant relationship between clients of private and public bank on five factors associated with TAM. In addition, structural equation method was used for investigation of relationships in offered model. In conclusion, all primary and secondary hypotheses for clients of private and public bank were confirmed.