25,035 research outputs found

    Intraday liquidity management: a tale of games banks play

    No full text
    Over the last few decades, most central banks, concerned about settlement risks inherent in payment netting systems, have implemented real-time gross settlement (RTGS) systems. Although RTGS systems can significantly reduce settlement risk, they require greater liquidity to smooth nonsynchronized payment flows. Thus, central banks typically provide intraday credit to member banks, either as collateralized credit or priced credit. Because intraday credit is costly for banks, how intraday liquidity is managed has become a competitive parameter in commercial banking and a policy concern of central banks. This article uses a game-theoretical framework to analyze the intraday liquidity management behavior of banks in an RTGS setting. The games played by banks depend on the intraday credit policy of the central bank and encompass two well-known paradigms in game theory: "the prisoner's dilemma" and "the stag hunt." The former strategy arises in a collateralized credit regime, where banks have an incentive to delay payments if intraday credit is expensive, an outcome that is socially inefficient. The latter strategy occurs in a priced credit regime, where postponement of payments can be socially efficient under certain circumstances. The author also discusses how several extensions of the framework affect the results, such as settlement risk, incomplete information, heterogeneity, and repeated play.Payment systems ; Banks and banking, Central ; Bank liquidity ; Game theory ; Credit

    Grammar, discourse, context: grammar and usage in language variation and change Diskursmuster ;, Bd. 23./ edited by Kristin Bech and Ruth Möhlig-Falke.

    No full text
    In English.Includes bibliographical references and index.This collected volume brings together a wide array of international linguists working on diachronic language change with a specific focus on the history of English, who work within usage-based frameworks and investigate processes of grammatical change in context. Although usage-based linguistics emphasizes the centrality of the discourse context for language usage and cognition, this insight has not been fully integrated into the investigation of processes of grammatical variation and change. The structuralist heritage as well as corpus linguistic methodologies have favoured de-contextualized analytical perspectives on contemporary and historical language data and on the mechanisms and processes guiding grammatical variation and change. From a range of different perspectives, the contributions to this volume take up the challenge of contextualization in the investigation of grammatical variation and change in different stages of English language history and discuss central theoretical notions such as gradable grammaticality, motivation in hypervariation, and hypercharacterization. The book will be relevant to students and linguists working in the field of diachronic and variational linguistics and English language history.Möhlig-Falke, Ruth / Bech, Kristin -- Bech, Kristin -- Los, Bettelou / Lubbers, Thijs -- Méndez-Naya, Belén -- Anthonissen, Lynn -- Möhlig-Falke, Ruth -- Haumann, Dagmar / Killie, Kristin -- Shibasaki, Reijirou -- Seoane, Elena -- Konvička, Martin -- De Smet, Hendrik -- López-Couso, María José -- Frontmatter -- Contents -- List of tables and figures -- Grammar -- discourse -- context: Grammatical variation and change and the usage-based perspective / Contextualizing Old English noun phrases / Syntax, text type, genre and authorial voice in Old English: A data-driven approach / The intensifier system of the Ormulum and the interplay of micro-level and macro-level contexts in linguistic change / Constructional change across the lifespan: The nominative and infinitive in early modern writers / Contextualizing dual-form adverbs in the Old Bailey Corpus: An assessment of semantic, pragmatic, and sociolinguistic factors / Bridging contexts in the reanalysis of naturally as a sentence adverb: A corpus study / From parataxis to amalgamation: The emergence of the sentence-final is all construction in the history of American English / The role of context in the entrenchment of new grammatical markers in World Englishes / Paradigms, host classes, and ancillariness: A comparison of three approaches to grammatical status / The motivated unmotivated: Variation, function and context / Grammar in context: On the role of hypercharacterization in language variation and change / List of contributors -- Index1 online resource (viii, 375 pages

    sj-docx-1-sjp-10.1177_14034948211036619 – Supplemental material for Pre-adolescents with multiple health complaints redeem more prescriptions: A follow-up study in the Danish National Birth Cohort

    No full text
    Supplemental material, sj-docx-1-sjp-10.1177_14034948211036619 for Pre-adolescents with multiple health complaints redeem more prescriptions: A follow-up study in the Danish National Birth Cohort by Martin Bernstorff, Charlotte Ulrikka Rask, Dorte Rytter, Stefan Nygaard Hansen and Bodil Hammer Bech in Scandinavian Journal of Public Health</p

    Jack Alive / Martin Dead : The Location of the "Author" in Jack London\u27s Martin Eden

    No full text
    This essay is an attempt to read Martin Eden, Jack Londonʼs autobiographical novel, in terms of the inextricable relationship between the author and the protagonist. Critics have often taken the unbalanced plot and the lack of ironic distance between narrator and character in Martin Eden as the technical weakness of London, but this paper argues that the achievement of this novel owes a great deal to the attachment of London to Martin. The unbalanced structure is a necessary product of the severe struggle of the author to kill his romantic alter ego. // Martin, who aspires to win Ruth Morse, tries to cross class boundaries by making a career of a writer. Even after realizing the emptiness of Ruth, who turns out to be nothing but a typical figure of the bourgeoisie, he somehow persists in loving her. The notion underlying here is that, for Martin, love, career and art are fundamentally inseparable. He objects to the aestheteʼs view of Brissenden on account of his separation of art from career. Martinʼs identity and life consist only in the triunity of love/career/art; the alternative is the repudiation of life. Thus, the unnatural delay of his disappointment in love can be regarded as Londonʼs strategy to set the suicide of Martin as the necessary consequence of the story. // By finishing the story and killing Martin, London finally detaches himself from Martin, reconstructs his self, and, unlike Martin, survives as a professional writer. In this sense, Martin Eden is a story about “writerʼs self-reconstruction.

    Robert Martin Tiffin's Mystery Man Newspaper Articles

    No full text
    Advertiser-Tribune newspaper clippings featuring a story about Robert Martin (written by Nancy Kleinhenz), a local author from Tiffin (Ohio) who wrote under the pseudonym of Lee Roberts, and two of his short stories. Martin wrote mystery novels in his spare time, creating more than 22 mystery novels. For more information about Robert Martin and a list of books go to http://www.mysteryfile.com/RMartin/JBennett.html

    Experiences Using Large Scale Video Walls for Distance Education

    No full text
    We describe our experiences building and using the Rutgers Videowall, a low-cost telepresence system that has been used teaching 15 courses and colloquia. By relaxing typical spatial telepresence features, such as background continuity, we greatly reduced costs and gained flexibility in the rooms it could be deployed in. The lower costs and room flexibility enabled academic departments to use the wall, in contrast to traditional telepresence systems which remained inaccessible. We found that the Videowall’s spatial distortions did not have a significant impact on useability, as our initial survey results show that students had an overall positive experience.Technical report DCS-tr-72

    Hans Martin Schwarz Collection 1934 - 1938

    No full text
    This collection contains clippings of articles by Hans Martin Schwarz (1917, Hamburg – 2006, New York, better known as Martin Ebon), published between 1934 and 1938 in German-Jewish newspapers on a wide variety of subjects such as sports, emigration, the political situation in Germany, and religious attitudes of the young. It also contains reviews of his books "Einer wie Du und Ich" and "Heiteres, Besinnliches, Nachdenkliches."digitizedHans Martin Schwarz (1917, Hamburg – 2006, New York, better known as Martin Ebon), was a journalist and author. In Germany during the 1930s, he published in a variety of German-Jewish periodicals, primarily the Israelitisches Familienblatt. After immigrating to the United States in 1938, he changed his name to Martin Ebon, and published dozens of books in the areas of world affairs and parapsychology.Processe

    Interview with Father James Martin

    No full text
    In May 2011, the Ignatian Faculty Scholars at Regis University conducted a Skype interview with Father James Martin, S. J., author of The Jesuit Guide to Almost Everything. The Scholars had used Father Martin’s book as a text for their year of study, which focused on Ignatian Spirituality, the Ignatian Pedagogical Paradigm, and teaching and learning at a Jesuit university. The interview was transcribed and is printed below. Father Martin reflects on the book, and responds to questions about the book itself, about finding God in all learners, and about the Church
    corecore