2,020 research outputs found
Central Bank Capital and Shareholder Relationship
No full textIn pursuing its mandate, a central bank assumes financial risks through its monetary policy operations. Central bank capital is a critical tool in mitigating these risks. We investigate the concept of central bank capital as a mechanism for risk sharing with its shareholder. Adopting an option pricing framework, we explore the setting where the central bank commits to distributing dividends when its capital is robust, while the shareholder may be called upon to recapitalize the bank during adverse economic conditions when its capital is negative. Our analysis dissects the trade-offs inherent in these options, seeking a mutually beneficial agreement that disincentivizes deviation for either party. This equilibrium is essential for safeguarding the independence and credibility of the central bank in executing monetary policy effectively
Entertainer: Pieter-Dirk Uys
No full textThis booklet celebrates the life and work of Pieter-Dirk Uys, internationally acclaimed playwright, author, role-model and one of South Africa's living treasures
Entertainer: Pieter-Dirk Uys
No full textThis booklet celebrates the life and work of Pieter-Dirk Uys, internationally acclaimed playwright, author, role-model and one of South Africa's living treasures
Entertainer: Pieter-Dirk Uys
No full textThis booklet celebrates the life and work of Pieter-Dirk Uys, internationally acclaimed playwright, author, role-model and one of South Africa's living treasures
Formal Techniques and Self/Other Relations in the Novels of Dirk Bogarde
No full textThe thesis foregrounds the distinctive contribution Dirk Bogarde made to
contemporary writing in a second career that developed in parallel to his screen
commitments. It dispels the notion that Bogarde followed a familiar path as an actor
who wrote books. Instead it establishes his reputation as an innovative writer whose
formal technique was substantially influenced by the textual systems of cinema and
the cross-fertilisation from acting to writing.
In examining the formative factors that steered Bogarde towards authorship, the
thesis addresses the role of performance as a generative factor in the evolution of the
novels, establishing a discursive link with Bakhtinian dialogism, and specifically,
transgredience as a formal imperative. Secondly, it affords a critical insight into why
the major concerns with staging and performativity preoccupy his writing career.
The thesis claims that Bogarde was an empirically dialogical writer whose use
of camera-eye narration fostered the proliferation of competing discourses across the
fiction. This formal dynamic is centred on the relationship between stages and
dialogism, which incorporates the work of Erving Goffinan as a complementary
critique to Bakhtinian theory with its emphasis on self-presentation. The concern
with socially-constructed behaviour leads the thesis to address the associated issues of
stereotyping and 'otherness', which in terms of body politics is articulated by the
mono logic drive to confine the sexual 'other' to a fixed representation.
Bogarde's ability to draw on cinematic and performance techniques identifies
an area of expertise unavailable to most other writers. This is an unusual repository
of skills to bring to writing which is why the thesis makes the claim for his singular
achievement as a contemporary author. There are fruitful points of intersection to be
explored in this respect with the work of Christopher Isherwood, whom Bogarde read
and admired, as a basis for further research. It is hoped that the thesis will play its
part in opening up new possibilities for Bogarde's writing to be re-visited by future
critics
Impact of Transitions on the Financial Stability and LOLR Roles of Central Banks
Full text linkMeeting net-zero targets poses a major challenge for companies. Some companies are able to adapt to the new low-carbon world, while others may fail to do so and thus risk turning into stranded assets. This chapter argues that central banks should treat transition risk as endogenous. Central banks can set macroprudential limits on carbon exposures to guide a smooth transition to net zero by 2050. Hard limits are needed as banks have been reluctant so far to hive off profitable fossil-fuel-related loans. Strong and effective macroprudential policies help to minimize climate-induced financial instabilities and reduce the need for lender of last resort (LOLR) assistance to carbon-heavy banks. Such LOLR assistance may result in substantial central bank losses, as carbon-heavy banks face permanent losses on their carbon-intensive assets.</p
"The end of national models? Integration courses and citizenship trajectories in Europe"
Full text linkSeveral European countries have recently introduced or are planning to introduce citizenship trajectories (voluntary or obligatory inclusion programs for recent immigrants) or citizen integration tests (tests one should pass to be able and acquire permanent residence or state citizenship). Authors like Joppke claim this is an articulation of a more general shift towards the logic of assimilation (and away from a multicultural agenda) in integration policy paradigms of European States. Integration policies would even be converging in such a fashion that it would no longer make sense to think in terms of national models for immigrant integration. One cannot deny the empirical fact of diffusion of civic integration policies throughout Europe. This paper claims there is, however, still sufficient distinctiveness between immigrant integration policies in order to continue and use an analytical framework which distinguishes national models
A brief choice of films
No full textMelbourne experimental filmamaker Dirk de Bruyn together with sound artist Joel Stern created a hallucinating mixture of light, movement and sound in the small basement of the Urban Espresso Bar. Dirk De Bruyn and Joel Stren gave an author talk at 8:30 pm on 13th October 2009<br
Printable Cement-Based Materials: Fresh Properties Measurements and Control
No full textDigital fabrication with cementitious materials is a rapidly growing field of research in which the evolution of strength during the various processes, such as 3D printing, is the key controlling parameter. The strength evolves over multiple orders of magnitude during the process, and thus, it is essential to properly characterize the strength evolution in order to guarantee process success. This chapter summarizes the state of the art in these characterization methods for digital fabrication with fresh cementitious materials, reviewing well-known and more recently developed methods.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.Concrete Structure
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