269 research outputs found
Measuring the Value Added by Money in Trade
No full textThe paper tests the proposition that money generates value in trade. It examines the data for 5,746 Russian companies for 1997 and finds that money accounts for 24.6 percent of their value-added. The functional form of the return on money in trade is determined to be positive and marginally declining. The paper imputes that Russian GDP lost 8.1 percent in 1997 because of diminished use of money in trade. It hypothesizes that the severity of the Great Depression in the USA of 1930s could have been significantly reduced if the proposed barter networks were implemented at the time.Money, Value-added, Empirical econometrics
Questions to objects/ Vragen aan objecten
No full textQuestions to objects/ Vragen aan objecten is a bilingual artist book written by Vlad Ionescu about the artistic research project of Nedda El-Asmar, professor at PXL MAD. School of Arts. Nedda El-Amsar is hereby recognised as co-author of the book. The book deals with the tranformative process of melting donated gold and turning it into a newly designed object.
https://www.borgerhoff-lamberigts.be/mer/shop/books/nedda-el-asmar-questions-to-objects-vragen-aan-objecte
Non-monetary Trade and Differential Access to Credit in the Russian Transition
No full textThe unusual rise and fall of non-monetary trade (NMT) in the Russian transition has been a subject of heated debates. Yet, this phenomenon is often viewed as a peculiarity that one cannot explain by economic considerations alone. In this paper we show that the resort to NMT was a rational, albeit spontaneous, reaction of industrial enterprises to the outflow of liquidity, which in turn was precipitated by the combination of persistent budgetary deficit and strict monetary policy. The IMF pledge to stand by if the government became insolvent made this policy credible. Several mechanisms contributed to the development of credit rationing of enterprises. First, the abandonment of implicit guarantees on loans extended to enterprises by the Central Bank of Russia prompted commercial banks to shift credit to other groups of borrowers. Second, when the Federal Government moved to finance its budgetary deficit through open-market operations, it crowded out commercial credit. Third, public money was transferred predominantly to households who partially lent it back to the government. Fourth, the policy of low exchange rate kept the balance of payment close to zero, which prevented the monetary base from growing. The default of August 1998 constituted a clear structural break. It prompted modifications in monetary and fiscal policies. The collapse of the market for state securities led to widespread bank failures. The CBR abandoned its policy of non-intervention in fiscal affairs and cleared debts that the governments and enterprises accumulated. In addition, money supply expanded because increased inflows of foreign currency were incompletely sterilized. The combination of a lesser government presence at credit markets, clearance of debts, and increase in money supply injected liquidity in domestic producers and they abandoned NMT. Statistical evidence supports the claim that NMT was caused by credit rationing experienced by enterprises. A GLS model with four explanatory variables (and dummies accounting for a structural break of August 1998) explains more than 90% of monthly changes in NMT for the period of February 1992 – December 2001. The collapse of the market for government loans appears to be the most significant event accountable for the structural break.Non-monetary trade, structural break, Russian transition
Markets and Democracy in Russia
No full textThe paper looks into convergence of Russian institutions with those of other democratic, free-market-oriented states, and considers definitions of "normalcy" that incorporate the concepts of free market, democracy, and government efficiency.The author provides an estimate of Russia s institutional convergence to the standards of the G7 and the Big Five group of large, middle-income countries that includes Brazil, China, and India.In some areas Russia outperforms "Big Five" countries, in others it trails behind.Finally, public mistrust, corruption, and inefficient governance in Russia are discussed in light of the Putin administration s current reform policies
HIERARCHICAL MULTI-VLAD FOR IMAGE RETRIEVAL
No full textConstructing discriminative feature descriptors is crucial towards effective image retrieval. The state-of-the-art powerful global descriptor for this purpose is Vector of Locally Aggregated Descriptors (VLAD). Given a set of local features (say, SIFT) extracted from an image, the VLAD is generated by quantizing local features with a small visual vocabulary (64 to 512 centroids), aggregating the residual statistics of quantized features for each centroid and concatenating the aggregated residual vectors from each centroid. One can increase the search accuracy by increasing the size of vocabulary (from hundreds to hundreds of thousands), which, however, it leads to heavy computation cost with flat quantization. In this paper, we propose a hierarchical multi-VLAD to seek the tradeoff between descriptor discriminability and computation complexity. We build up a tree-structured hierarchical quantization (TSHQ) to accelerate the VLAD computation with a large vocabulary. As quantization error may propagate from root to leaf node (centroid) with TSHQ, we introduce multi-VLAD, which constructing a VLAD descriptor for each level of the vocabulary tree, so as to compensate for the quantization error at that level. Extensive evaluation over benchmark datasets has shown that the proposed approach outperforms state-of-the-art in terms of retrieval accuracy, fast extraction, as well as light memory cost.EICPCI-S(ISTP)[email protected]; [email protected]; [email protected]; [email protected]; [email protected]
Vlad Pâslaru or Education for Identity
No full textRecently, a new scientific book, "Education and Identity", was published, signed by the professor-researcher, Vlad Pâslaru, a reference name in the field of pedagogical research carried out in the Republic of Moldova, who, in his constant concern to substantiate scientifically, every aspect of education comes, this time, to lay the foundations of an education for identity, a problem not yet elucidated, but without which we cannot dialogue with Europeanness and universality.
In his new work, Vlad Pâslaru examines with his characteristic and in-depth meticulousness two key concepts of contemporary pedagogical science, highlighted even in the title of the book - education and identity, the first being part of the category of fundamental concepts, referring to the objective dimension of education. , the second referring to the subjective dimension of education, ie its purposes, for which the author advances an idea with axiom value: "the main purpose of education is the identity of the educated, obtained through education"
Finding Vlad: A Historical Fiction Novella
No full textThis Independent Study is a historical fiction novella, written to be the travel journal of Bram Stoker (the author of Dracula) as he travels in Romania to research a sequel examining the historical figure he based the Count on, Vlad the Impaler. It takes place in the summer of 1900, shortly before a period of political turmoil in Romania. During his travels, Bram meets Gheorghe Cantacuzino, the current prime minister of Romania, who will lose power only a few weeks after this novella. He will also spend most of his time with Mr. Wallach, the owner of the hotel he is staying at in Bucharest and the only English speaker he encounters. In the process of his research, Bram learns very quickly that Vlad, the man, the myth, and the monster is not as simple as he originally thought
Arts appliqués, art impliqué : Création artisanale et technologie à l’époque de l’industrie de l’art
No full textWhat is the meaning of craftsmanship in the era of digital production? Applied Arts as Implied Art is a critical reflection on artistic creativity and its cultural significance today. In the light of a confrontation between the art theory of Aloïs Riegl and Frank Lloyd Wright, the essay debates the role of technology in craftsmanship and its impact on artmaking. Referring to the aesthetics of Paul Valéry and the design theory of Jacques Vienot, the author proposes a contemporary interpretation of applied arts as implied art, a form of art between fine art and design that describes human life, its experiences and the occasional poverty thereof.Quel est le sens de l’artisanat à l’ère de la productibilité nu-mérique ?
Arts appliqués, art impliqué
est une réflexion cri-tique sur la créativité artistique et son importance culturelle aujourd’hui. A la lumière d’une confrontation entre la théo-rie de l’art de Aloïs Riegl et Frank Lloyd Wright, l’essai dis-cute le rôle de la technologie dans le design artisanal et son impact sur la création artistique. Se référant à l’esthétique de Paul Valéry et de la théorie de la conception de Jacques Viénot, l’auteur propose une interprétation contemporaine des arts appliqués comme art impliqué, une forme d’art entre les beaux-arts et le design qui raconte des histoires sur la vie humaine, ses expériences et de la pauvreté occasionnelle de ceux-ci.World Crafts Council Mons/ Bergen; UHasselt; UGen
Arts appliqués, art impliqué : Création artisanale et technologie à l’époque de l’industrie de l’art
No full textWhat is the meaning of craftsmanship in the era of digital production? Applied Arts as Implied Art is a critical reflection on artistic creativity and its cultural significance today. In the light of a confrontation between the art theory of Aloïs Riegl and Frank Lloyd Wright, the essay debates the role of technology in craftsmanship and its impact on artmaking. Referring to the aesthetics of Paul Valéry and the design theory of Jacques Vienot, the author proposes a contemporary interpretation of applied arts as implied art, a form of art between fine art and design that describes human life, its experiences and the occasional poverty thereof.Quel est le sens de l’artisanat à l’ère de la productibilité nu-mérique ?
Arts appliqués, art impliqué
est une réflexion cri-tique sur la créativité artistique et son importance culturelle aujourd’hui. A la lumière d’une confrontation entre la théo-rie de l’art de Aloïs Riegl et Frank Lloyd Wright, l’essai dis-cute le rôle de la technologie dans le design artisanal et son impact sur la création artistique. Se référant à l’esthétique de Paul Valéry et de la théorie de la conception de Jacques Viénot, l’auteur propose une interprétation contemporaine des arts appliqués comme art impliqué, une forme d’art entre les beaux-arts et le design qui raconte des histoires sur la vie humaine, ses expériences et de la pauvreté occasionnelle de ceux-ci.World Crafts Council Mons/ Bergen; UHasselt; UGen
A web-based screening tool for near-port air quality assessments
No full textAuthor(s): Isakov, Vlad; Barzyk, Timothy M; Smith, Elizabeth R; Arunachalam, Saravanan; Naess, Brian; Venkatram, Akul
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