3,027 research outputs found
Cosmopolitan ethics in global finance? : a pragmatic approach to the Tobin Tax
No full textThe thesis provides a critical analysis of the problems and possibilities for
developing cosmopolitan ethics in global finance. With reference to Ideas and
debates within the campaign for a Tobin Tax, it is argued that cosmopolitanism is
a promising, but limited, agenda for global reform. Extending principles of
justice to support the re-distribution of wealth from financial markets towards an
expanded program of global welfare provision is laudable. Likewise, the
possibility of improving accountability mechanisms and fostering democratic
inclusion in the global financial system should be supported. However, the thesis
identifies and reflects upon some important ethical ambiguities relating to
financial, institutional and democratic universalism. A requirement for capital
account convertibility, a cash-based approach to global justice and proposals for
state-centric world authority to administer the Tobin Tax infers that the proposal
would entrench many of the logics its supporters might oppose. The thesis
develops a pragmatic approach to these questions based on the philosophical
pragmatism of Richard Rorty. A pragmatic approach acknowledges the historical
and cultural contingency of cosmopolitanism, but questions how the ambiguities
and tensions that pervade global ethics can be engaged. In this sense, and
developing Rorty's concept of sentimental education, it is argued that the Tobin
Tax campaign has generated a broad-based public conversation about global
finance, increasing sensitivity to the suffering caused by global finance and the
ways in which it might be changed. While such conversation may not solve all
the dilemmas identified, it does allow for increased awareness of the ambiguity
of ethics. The thesis points to a number of instances in the campaign where the
constitutive ambiguities of the Tobin Tax have been questioned and alternative
practices suggested. A pragmatic approach to the Tobin Tax campaign therefore
situates cosmopolitan ideas in the extant dilemmas and indeterminacies of global
ethics, looking to suggest alternatives where possible
The Tobin Tax A Review of the Evidence
No full textThe debate about the Tobin Tax, and other financial transaction taxes (FTT), gives rise to strong views both for and against. Unfortunately, little of this debate is based on the now considerable body of evidence about the impact of such taxes. This review attempts to synthesise what we know from the available theoretical and empirical literature about the impact of FTTs on volatility in financial markets. We also review the literature on how a Tobin Tax might be implemented, the amount of revenue that it might realistically produce, and the likely incidence of the tax. We conclude that, contrary to what is often assumed, a Tobin Tax is feasible and, if appropriately designed, could make a significant contribution to revenue without causing major distortions. However, it would be unlikely to reduce market volatility and could even increase it.Tobin tax, financial transaction taxes, volatility, revenue, incidence, feasibility
Inflation and Balanced-Path Growth with Alternative Payment Mechanisms
No full textThe paper shows that contrary to conventional wisdom an endogenous growth economy with human capital and alternative payment mechanisms can robustly explain major facets of the long run inflation experience. A negative inflation-growth relation is explained, including a striking nonlinearity found re-peatedly in empirical studies. A set of Tobin (1965) effects are also explained and, further, linked in magnitude to the growth effects through the interest elasticity of money demand. Undis-closed previously, this link helps fill out the intuition of how the inflation experience can be plausibly explained in a robust fashion with a model extended to include credit as a payment mechanism.Human capital, cash-in-advance, interest-elasticity, credit production
Letter from Don Miller to Peanuts Hucko, 1978-05-12
No full textA typewritten letter from Don Miller to Peanuts Hucko. In this letter, Miller invites Hucko to perform at the 1979 Paradise Valley Jazz Party.https://lair.etamu.edu/scua-tobin-docs/1026/thumbnail.jp
Liberalizing Cross-Border Capital Flows: How Effective Are Institutional Arrangements against Crisis in Southeast Asia
No full textThis paper examines capital controls in two ways. First, it assesses whether capital controls have an economic justification within the context of an economyâÂÂs and, in particular, its financial sectorâÂÂs stage of development. It concludes that capital controls can be justified in countries with an immature financial sector and macroeconomic imbalances. Second, it presents survey of current capital controls in ASEAN+3. It identifies three avenues for making controls more efficient: (i) a tax on capital inflows, or alternatively, a Tobin tax; (ii) a replacement of extensive administrative controls with stricter prudential standards for financial institutions; and (iii) a special treatment for Asian currency unit (ACU) operations, implying selective capital flow liberalization.Economic integration; capital controls; Southeast Asia; ASEAN+3
The involvement of actin, calcium channels and exocytosis proteins in somato-dendritic oxytocin and vasopressin release
No full textHypothalamic magnocellular neurons release vasopressin and oxytocin not only from their axon terminals into the blood, but also from their somata and dendrites into the extracellular space of the brain, and this can be regulated independently. Differential release of neurotransmitters from different compartments of a single neuron requires subtle regulatory mechanisms. Somato-dendritic, but not axon terminal release can be modulated by changes in intracellular calcium concentration ([Ca2+]) by release of calcium from intracellular stores, resulting in priming of dendritic pools for activity-dependent release. This review focuses on our current understanding of the mechanisms of priming and the roles of actin remodelling, voltage-operated calcium channels and SNARE proteins in the regulation somato-dendritic and axon terminal peptide release
Rotación de presidentes ejecutivos y directores en Venezuela
No full text(Disponible en idioma inglés únicamente) El propósito de este estudio es propiciar una mejor comprensión de las estructuras y los mecanismos de conducción empresarial fuera de Estados Unidos, observando una economía emergente específica: Venezuela. Primero formulamos un índice de prácticas de conducción empresarial de las compañías inscritas en bolsa, cuyos resultados generales indican que Venezuela exhibe puntajes de gestión empresarial relativamente bajos. Descubrimos, empleando esta muestra limitada, que existe una relación positiva entre este índice de conducción empresarial y sus subcomponentes y mediciones alternativas de valor (coeficiente de Tobin, relación precio/valor contable y pago de dividendos). En este entorno, caracterizado por un mercado financiero subdesarrollado, un sistema jurídico débil, una aplicación precaria de la normativa legal y una elevada concentración de la propiedad, abordamos la cuestión de si el sistema de conducción empresarial funciona en lo absoluto en Venezuela. Nos interesa especialmente estudiar las siguientes dos cuestiones, las cuales constituyen condiciones necesarias para el buen funcionamiento de cualquier sistema de conducción empresarial. En primer lugar, ¿es más probable que presidentes ejecutivos de desempeño deslucido pierdan su cargo que sus colegas de mejor desempeño? En segundo lugar, ¿le corresponde a la junta directiva la tarea de vigilar al presidente ejecutivo o simplemente cumplir una labor de asesoría? A tal fin, recabamos información detallada de 51 compañías venezolanas durante el período de 1984 a 2002. Una vez controladas características relacionadas con el presidente ejecutivo, la junta directiva, la propiedad, las empresas y los períodos abarcados, hallamos que el desempeño financiero precario hace aumentar considerablemente la probabilidad de la rotación de presidentes ejecutivos y directores. Los elementos de juicio empíricos también se corresponden con la idea de que, en Venezuela, los directores desempeñan principalmente una función de asesoría y no de vigilancia de la labor del presidente ejecutivo.
Environmental influences on organotin-yeast interactions
No full textAs a consequence of the widespread industrial and agricultural applications of organotin compounds, contamination of various ecosystems has occurred in recent decades. Understanding how these compounds interact with cellular membranes is essential in assessing the risks of organotin pollution. The organotins, tributyltin (TBT) and trimethyltin (TMT) and inorganic tin, Sn(IV), were investigated for their physical interactions with non-metabolising cells and protoplasts of the yeast, Candida maltosa, an organism that is often associated with contaminated environments. Sn(IV) and TBT uptake occurred by different mechanisms. TBT uptake resulted in cell death and extensive K+ leakage, while Sn(IV) uptake had no effect. TMT did not interact with cells. Of the three compounds, TBT alone altered the membrane fluidity of cells, as measured by the fluorescence anisotropy of 1,6 -diphenyl-1,3,5 -hexatriene incorporated into cells. To further examine the contribution of lipophilic interactions, the influence of pH and NaCl concentration on TBT and triphenyltin (TPT) uptake and toxicity was assessed. Solution pH and ionic composition influence the chemical speciation and toxicity of organotins in the aquatic environment. Organotin compounds may exist as
both hydrated cationic species and neutral hydroxides in solution, with the formation of chloride species in the presence of NaCl. The uptake and toxicity of TBT and TPT by C. maltosa was investigated between pH 3.5 and 7.5 and in concentrations of up to 500 mM NaCl. A theoretical model was used to predict the speciation and overall octanolwater distribution ratios (Dow)- TBT and TPT toxicity was correlated with Dow values, corresponding to increasing pH and NaCl concentration and implicating compound lipophilicity as a toxicity determinant
Creighton University School of Law Class of 1984 (M-Z)
No full textGraduates|Maher, Terrence P.; Maril, Steven A.; McGaugh, Raymond S.; McLarney, Deborah K.; Mikuls, Geraldine H.; Miller, Joseph L.; Milone, Mark J.; Moeller, John S.; Mundt, Daniel H.; Murphy, Mary; Nelson, Richard F.; Nolan, Brian; Norris, Michael P.; Ostrander, Angela L.; Palmer, Mark R.; Parsley, Colleen M.; Pullum, Paul L.; Reynolds, Horace, III; Schroeder, Jon S.; Schwartz, Randall R.; Scott, Daryl F.; Sleder, Cynthia D.; Smith, Robyn J.; Spire, Jessie M.; St. Clair, James; Staker, Frederick O.; Steele, John; Steele, Roger G.; Stephanski, James M.; Stoltenberg, Peggy A.; Stroo, Theadora H.; Swick, Mary L.; Tanner, Deborah D.; Thelen, Alan M.; Thirlls, Francine T.; Thomte, Denise C.; Tobin, Lorretta K.; Tomka, James G.; Ungashick, Julie M.; Verkler, Richard A.; Vodra, John M.; Walsh, Daniel J.; Watters, William C.; Weber, Stephanie J.; Welch, Steven C.; Young, Elaine A.; Zacek, Michael F.; Laverdure, Mary F. (not pictured); Lindemeier, Robert P. (not pictured); Manglona, John A. (not pictured); McCaffrey, John S. (not pictured); McIntyre, Patrick D. (not pictured); Merrill, Megan L. (not pictured); Miller, Jeffrey C. (not pictured); Mitchell, Lynn A. (not pictured); Nutting, Stephen J. (not pictured); Oates, Kevin P. (not pictured); O'Brien Robert L. (not pictured); O'Neill, Patrick J. (not pictured); Ottemann, Robert L. (not pictured); Phelan, Mary E. (not pictured); Register, Richard B. (not pictured); Rice, John M. (not pictured); Roberts Scott A. (not pictured); Seidl, Mark J. (not pictured); Setser, Henry R. (not pictured); Shanks, Randall J. (not pictured); Slovek, Robert M. (not pictured); Spindler, Robin L. (not pictured); Swanda, Carol A. (not pictured); Tesarek, Richard J. (not pictured); Tubach, Dorothy M. (not pictured); Turano, M. Kathleen (not pictured); Voracek, Thomas G. (not pictured); Walensky, David M. (not pictured); Wierda, Carol K. (not pictured); Wood, Reginald H. (not pictured)|40 x 55 in. (portrait
Sustentabilidade no setor agroindustrial: uma análise das principais empresas do ramo alimentar com atividades na BOVESPA
No full textDissertação (mestrado) - Universidade Federal de Santa Catarina, Centro Tecnológico, Programa de Pós-Graduação em Engenharia de Produção, Florianópolis, 2010.A preocupação com questões ambientais tem conduzido empresas de todos os setores a reverem suas estratégias de negócios. Não basta mais que as empresas demonstrem melhora contínua de seus bens e serviços, agora elas estão pressionadas a demonstrar sua capacidade de atuação de forma #amistosa# com o meio ambiente e com a sociedade. Assim, foi objetivo desse trabalho investigar se existe ligação entre sucesso de empresas do ramo alimentar em atividade na BOVESPA e suas ações no sentido da sustentabilidade. Desta forma, seis empresas foram selecio-nadas para formar a amostra desta pesquisa. Os indicadores de desem-penho utilizados para caracterizar o sucesso empresarial foram: #q# de Tobin, ROA, ROE e IRR. A análise dos resultados por estatística descri-tiva não indicou indícios de que as empresas sustentáveis, que estavam listadas no Índice de Sustentabilidade Empresarial da BOVESPA, te-nham desempenho superior às demais. Uma análise qualitativa de cada empresa da amostra foi realizada para identificar ações de suas estraté-gias corporativas. Foram considerados três segmentos de uma gestão para a sustentabilidade: relacionamento com os stakeholders, ecoefici-ência produtiva e inovação. Para cada empresa, itens relacionados a estas linhas foram observados e coletados nas publicações disponibili-zadas nos sites. Assim, construiu-se um quadro comparativo das empre-sas analisadas indicando os pontos fracos e fortes de cada gestão. Por fim, apesar de concluir que não há indícios de que o sucesso empresarial tenha ligação com sustentabilidade nas empresas do sistema agroindus-trial alimentar analisadas, é possível perceber que a sustentabilidade, de forma forçada ou espontânea, integra os negócios de um número cada vez maior de empresas neste segmento, conforme demonstrado nas in-formações coletadas nas análises qualitativas da amostra.The concern with environmental issues has led companies to review their business strategies. It is not enough companies demonstrate conti-nuous improvement of its services and products. Now they are under pressure to demonstrate their ability to act in a "friendly way" with the environment and society. So, the aim of this study was to investigate whether there is connection between the success of food active compa-nies in BOVESPA and its actions towards sustainability. Six companies were selected to form the sample of this research. The performance indicators used to characterize the business success were: Tobin "q", ROA, ROE and IRR. The analysis of results, by descriptive statistics, indicated no evidence that sustainable enterprises, which were listed in the Corporate Sustainability Index of BOVESPA, outperform the others. A qualitative analysis of each company in the sample was performed to identify actions of their corporate strategies. We considered three seg-ments of sustainable management: the relationship with stakeholders, eco efficiency and innovation. For each company, information related to these lines were observed and collected in the publications on the web-sites. So, we built up a comparative table of the firms surveyed indicat-ing the strengths and weaknesses of each management. Finally, despite finding that there is no evidence to link success of business and sustai-nability in agro-food system, we can see that the sustainability so forced or spontaneous, is part of a growing number of companies in this seg-ment, as shown in the qualitative analysis of the sample
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