86 research outputs found
The rise of securities markets : what can government do?
Get PDFUsing U.S. securities markets as a case history, the author explores the role securities markets play in economic development, how they emerge, and how regulation can make them more effective. Why the United States? Two centuries ago, it was a small undeveloped country with serious financial problems. It confronted those problems and, guided by Alexander Hamilton, creatively reformed its financial system, which then became a foundation of the U.S. economic infrastructure and a bulwark for long-term growth. When Hamilton's program established public credit and securitiesmarkets in the 1790s, U.S. citizens were immediately able to borrow from older, richer countries. U.S. wealth then increased until, by the end of the nineteenth century, U.S. residents began to lend and invest more abroad than they borrowed. During the 1820s and 1830s, the United States (usually state governments) borrowed large sums from foreign investors to build roads, canals, and early railroads, to make other transportation improvements, and to capitalize state banks. From the 1830s to the end of the century, still larger sums from overseas went into private U.S. railway companies that provided cheap transcontinental transportation. Most of this borrowing took the form of state and corporate bond sales to overseas investors. The pristine U.S. government credit established by Hamilton thus rubbed off on U.S. state and corporate debt. The British stock market did better than the U.S. market until the United States adopted security-market regulation (including disclosuire rules) under the SEC. Then the U.S. market became a world leader. The U.S. stock market developed more slowly than the bond market, but it both aided and benefited from foreign investment in U.S. bonds. Foreign investors preferred debt securities to equities, yet equities create a safety margin for bondholders who, because of this margin, are more willing to purchase and hold bonds. Foreign investors preferred bonds; U.S. investors, after exporting bonds, held more stocks than bonds at home. Why? Because good stock markets permit the conversion of equity securities into cash.Environmental Economics&Policies,Payment Systems&Infrastructure,Financial Intermediation,International Terrorism&Counterterrorism,Economic Theory&Research,Housing Finance,Insurance&Risk Mitigation,Financial Intermediation,Environmental Economics&Policies,Economic Theory&Research
Moor Baa la Taariixoo: Biography of the Great Scholar
Get PDFThe entire manuscript is available for download as a PDF file(s). Higher-resolution images may be available upon request. For technical assistance, please contact [email protected]. Fieldwork Team: Dr. Fallou Ngom (Pricipal Investigator; Director, African Studies Center), Ablaye Diakité (Local Project Manager), Mr. Ibrahima Yaffa (General Field Facilitator), and Ibrahima Ngom (photographer). Technical Team: Professor Fallou Ngom (Principle Investigator, Project Director and former Director of the African Studies Center at Boston University), and Eleni Castro (Technical Lead, BU Libraries). This collection of Mandinka Ajami materials is copied as part of the African Studies Center’s African Ajami Library. This is a joint project between BU and the West African Research Center (WARC), funded by the British Library/Arcadia Endangered Archives Programme. Access Condition and Copyright: These materials are subject to copyright and are distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License, which permits non-commercial use, distribution, and reproduction in any medium, provided the original author and source are fully cited using the information below. For use, distribution or reproduction beyond these terms, contact Professor Fallou Ngom ([email protected]). Citation: Materials in this web edition should be cited as: Ngom, Fallou, Castro, Eleni, & Diakité, Ablaye. (2018). African Ajami Library: EAP 1042. Digital Preservation of Mandinka Ajami Materials of Casamance, Senegal. Boston: Boston University Libraries: http://hdl.handle.net/2144/27112. For Inquiries: please contact Professor Fallou Ngom ([email protected]). For technical assistance, please contact [email protected] / Custodial history: The owner translated the manuscript from the Arabic original.The manuscript is a biography of the Mandinka scholar called Fode Koule Sylla (1752-1843), also known as Sylla Baa (Mandinka: The Great Sylla). This manuscript is based on the Arabic original that Fode Koule Sylla wrote. It was translated in Mandinka Ajami by the owner, Arfang Karamo Sylla, who is a great grandson of Sylla Baa, so that Mandinka Ajami literates can learn about his history. As customary in Muslim writings, the manuscript begins with an Islamic doxology in Arabic and continues in Mandinka Ajami. It traces the origin of Fode Koule Sylla to Boundou in Eastern Senegal and explains his itinerary, his host families, and the circumstances that brought him to Pakao-Darsilami in Casamance
Emerging Financial Markets and Early U.S. Growth
Get PDFStudies of early U.S. growth traditionally have emphasized real-sector explanations for an acceleration that by many accounts became detectable between 1815 and 1840. Interestingly, the establishment of the nation's basic financial structure predated by three decades the canals, railroads, and widespread use of water and steam-powered machinery that are thought to have triggered modernization. We argue that this innovative and expanding financial system, by providing debt and equity financing to businesses and governments as new technologies emerged, was central to the nation's early growth and modernization. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity to measures of investment, imports and business incorporations from 1790 to 1850. The findings offer support for our hypothesis of finance-led' growth in the U.S. case. By implication, the interest today in improving financial systems as a means of fostering sustainable growth is not misplaced.
Emerging Financial Markets and Early U.S. Growth
Get PDFStudies of early U.S. growth traditionally have emphasized real-sector explanations for an acceleration that by many accounts became detectable between 1815 and 1840. Interestingly, the establishment of the nation's basic financial structure predated by three decades the canals, railroads, and widespread use of water and steam-powered machinery that are thought to have triggered modernization. We argue that this innovative and expanding financial system, by providing debt and equity financing to businesses and governments as new technologies emerged, was central to the nation's early growth and modernization. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity to measures of investment, imports and business incorporations from 1790 to 1850. The findings offer support for our hypothesis of "finance-led" growth in the U.S. case. By implication, the interest today in improving financial systems as a means of fostering sustainable growth is not misplaced.
Image of interview with Arfang Karamo Sylla
No full textFor technical assistance, please contact [email protected]. Fieldwork Team: Dr. Fallou Ngom (Pricipal Investigator; Director, African Studies Center), Ablaye Diakité (Local Project Manager), Mr. Ibrahima Yaffa (General Field Facilitator), and Ibrahima Ngom (photographer). Technical Team: Professor Fallou Ngom (Principal Investigator, Project Director and former Director of the African Studies Center at Boston University)), and Eleni Castro (Technical Lead, BU Libraries). This collection of Mandinka Ajami materials is copied as part of the African Studies Center’s African Ajami Library. This is a joint project between BU and the West African Research Center (WARC), funded by the British Library/Arcadia Endangered Archives Programme. Access Condition and Copyright: These materials are subject to copyright and are distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License, which permits non-commercial use, distribution, and reproduction in any medium, provided the original author and source are fully cited using the information below. For use, distribution or reproduction beyond these terms, contact Professor Fallou Ngom ([email protected]). Citation: Materials in this web edition should be cited as: Ngom, Fallou, Castro, Eleni, & Diakité, Ablaye. (2018). African Ajami Library: EAP 1042. Digital Preservation of Mandinka Ajami Materials of Casamance, Senegal. Boston: Boston University Libraries: http://hdl.handle.net/2144/27112. For Inquiries: Please contact Professor Fallou Ngom ([email protected]).Biography: Arfang Karamo Sylla was born in Diarra-Soutoukoung in The Gambia, where his father received his Islamic education. Afterwards, his family returned to Pakao-Darsilami, where he pursued his Islamic education. He later spent several years in Dakar, where he worked as a marabout (healer, diviner, and religious leader). He now serves as a Quranic teacher and assistant to the Imam of Pakao-Darsilami.Image taken during interview with manuscript owner Arfang Karamo Sylla (left) and Ibrahima Yaffa (right) in Pakao Darsilami, Sedhiou, Senegal, for the manuscript digitization work done in October 2018
Images of Mamadou Lamine Sylla and the community of Oudoucar
No full textFor technical assistance, please contact [email protected]. Fieldwork Team: Dr. Fallou Ngom (Pricipal Investigator; Director, African Studies Center), Ablaye Diakité (Local Project Manager), Mr. Ibrahima Yaffa (General Field Facilitator), and Ibrahima Ngom (photographer). Technical Team: Professor Fallou Ngom (Principle Investigator, Project Director and former Director of the African Studies Center at Boston University), and Eleni Castro (Technical Lead, BU Libraries). This collection of Mandinka Ajami materials is copied as part of the African Studies Center’s African Ajami Library. This is a joint project between BU and the West African Research Center (WARC), funded by the British Library/Arcadia Endangered Archives Programme. Access Condition and Copyright: These materials are subject to copyright and are distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License, which permits non-commercial use, distribution, and reproduction in any medium, provided the original author and source are fully cited using the information below. For use, distribution or reproduction beyond these terms, contact Professor Fallou Ngom ([email protected]). Citation: Materials in this web edition should be cited as: Ngom, Fallou, Castro, Eleni, & Diakité, Ablaye. (2018). African Ajami Library: EAP 1042. Digital Preservation of Mandinka Ajami Materials of Casamance, Senegal. Boston: Boston University Libraries: http://hdl.handle.net/2144/27112. For Inquiries: Please contact Professor Fallou Ngom ([email protected]).Biography: Mamadou Lamine Sylla was born and raised in Oudoucar, where he started his Islamic education. He also spent a few years in Tivaoune, Saint-Louis and Kaolack to pursue his advanced Islamic education. He now serves as a Quranic teacher and farmer.Images of manuscript owner Mamadou Lamine Sylla and the community of Oudoucar, Sedhiou, Senegal, for the manuscript digitization work done in October 2018
Fostering Social Interaction in Playful Cities
No full textThis paper describes different types of activities/challenges designed for social interaction, while discussing the performance of such challenges using the mobile digital game “Secrets of the South” (http://secretsofthesouth.tbm.tudelft.nl/, Secrets of the South). The game was played as part of a scientific meeting, with participants from 25 to 62 years of age and a varying degree of cultural differences. The presentation and discussion of the results of the gameplay provide insights on the appropriateness of the different challenges for social interaction in a playful city. Directions for future work for such challenge designs are presented.Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.System Engineerin
Exploring Requirements for Joint Information Sharing in Neighbourhoods: Local Playgrounds in The Hague
No full textResilient communities are an important prerequisite to reach urban resilience. In such communities, citizens need to be able to participate for improving liveability and safety of their environment. The playable city, where participation is key, provides the environment for this process to unfold. This paper researches requirements for the design of playgrounds: environments for open interaction and collaboration, as part of the playable city. Two workshops were organised in two neighbourhoods in The Hague to explore specific citizen preferences for playground design. Neighbourhood locations and the type of information citizens would like to discover, share, and create are identified, in particular with respect to healthcare, safety and social engagement. The implications of these requirements are presented and discussed with design options which exemplify how playgrounds in the city enable joined information sharing, creation, interaction, and collaboration.Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.System Engineerin
Imaginary Pregnancy as an Hysterical Disorder about a Senegalese Case Report
No full textNdiaye-Ndongo Ndèye Dialé, Fall Lamine, Sylla Aida, Lachina Nathalie and Thiam Mamadou HabibDepartment of Psychiatry University Hospital Fann, Assistant Professor, Cheikh Anta Diop University of Dakar, SenegalDOI: http://dx.doi.org/10.12970/2310-8231.2014.02.03.1Abstract: Imaginary pregnancy or pseudocyesis is a condition in which a woman without being pregnant is convicted of being in pregnancy and develops pregnancy signs. It is a relatively rare condition that admits as etiologic factors cultural, endocrine but also psychological factors.The diagnosis can be difficult. Nowadays, paraclinical gynecological investigations are a great contribution.This table is encountered most often in cases of conversion hysteria, or depression, and reflecting the entanglement body / psyche.We report the case of a young woman with the problem of imaginary pregnancy, occurring within the framework of his hospitalization. We discuss the possible relationship between such an event and a hysterical personality organization
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