1,720,983 research outputs found
Can we prevent boom-bust cycles during euro area accession?
Get PDFEuro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the boom into a bust. We ask whether such a scenario can be avoided using macroeconomic tools that are available in the period of joining a monetary union: central parity revaluation, fiscal tightening or increased taxation. While all these policies can be used to cool down the output boom, exchange rate revaluation seems the most attractive option. It simultaneously trims the expansion of output and domestic demand, reduces the cost pressure and ranks first in terms of welfare.boom-bust cycles, euro area accession, dynamic general equilibrium models
La gestion des risques par les établissements de crédit : essais de modélisation macro-économique
No full textDas Risikomanagement durch die Kreditinstitute,
von Jean Cordier, Pascal Jacquinot und Dominique Plihon.
Das Umfeld der Banken ist seit zehn Jahren durch den Prozeß der Liberalisierung und der Modernisierang des französischen Finanzsystems grundlegend geändert worden. Daneben hat die Zunahme der wirtschaftlichen und finanziellen Schwankungen die Risiken vergrößert, mit denen die Banken konfrontiert sind. In einem solchen Kontext und trotz des zunehmenden Anteils der Marktgeschäfte wird die Finanzstruktur der französischen Banken auch weiterhin noch weitgehend durch die Logik der herkömmlichen Bankintermediation bestimmt. Der gewöhnliche Rahmen einer Bank im monopolistischen Wettbewerb eignet sich zwar nach wie vor für die Modellierung dieses Sektors; er muß jedoch erweitert werden, damit einem aktiven Risikomanagement durch die Banken Rechnung getragen werden kann. Zur Deckung der Risiken, die die Banken bei ihren Geschäften mit ihren Kunden eingehen, miissen diese somit insbesondere ihre Politik der Emission langfristiger Titel auf endogène Weise definieren, wobei ebenfalls die relativen Kosten zu berücksichtigen sind. Sie hüten sich außerdem davor, einen zu großen Teil ihrer Eigenmittel für den Aktienerwerb zu verwenden.Risk Management by Credit Establishments,
by Jean Cordier, Pascal Jacquinot and Dominique Plihon.
Over the last ten years, the banking environment has been extensively modified by the liberalization and modernization of the French financial system. Moreover, sharper economic and financial fluctuations have increased the risks faced by banks. In spite of this situation and the growing share taken by market operations, the fact remains that the financial structure of French banks is still largely dictated by a traditional banking intermediation logic. The customary context of the banking firm in monopolistic competition remains suitable for modelling this sector. It should, however, be enhanced to take account of active risk management by banks. In order to cover the risks generated by operations with their clientele, banks are notably driven to define their long-term resource issue policy in an endogenous manner while taking account of the relative costs. Furthermore, they are careful not to allocate an overly large share of their equity capital to share acquisitions.La gestion des risques par les établissements de crédit : essais de modélisation macro-économique,
par Jean Cordier, Pascal Jacquinot et Dominique Plihon.
L'environnement des banques a été profondément modifié depuis une dizaine d'années par le processus de libéralisation et de modernisation du système financier français. En outre, l'accentuation des fluctuations économiques et financières a accru les risques auxquels ces dernières ont été confrontées. Dans un tel contexte, et en dépit de la part croissante prise par les opérations de marché, il reste que la structure financière des banques françaises est encore largement dictée par la logique de l'intermédiation bancaire traditionnelle. Le cadre habituel de la firme bancaire en concurrence monopolistique demeure adapté pour la modélisation de ce secteur. Il doit cependant être enrichi pour tenir compte d'une gestion active des risques par les banques : ainsi pour couvrir les risques engendrés par leurs opérations avec la clientèle, les banques sont notamment amenées à définir de façon endogène leur politique d'émission de ressources longues, en tenant compte également des coûts relatifs ; elles se gardent en outre de consacrer une part trop importante de leur fonds propres aux acquisitions d'actions.Gesción de riesgos por parte de los establecimientos crediticios,
por Jean Cordier, Pascal Jacquinot y Dominique Plihon.
El entorno de los bancos se ha visto profundamente modifîcado desde hace unos diez años, debido al proceso de liberalización y de modernización del sistema financière rrancés. Además, la acentuación de las fluctuaciones económicas y financieras ha incrementado los riesgos a que estos últimas han tenido que hacer frente. Situándose en semejante contexto, y a pesar de la parte cada vez mayor que toman las operaciones de mercado, no es menos cierto que la estructura financiera de los bancos franceses está aún ampliamente dominada por la lógica de la intermediación bancaria traditional. El marco habituai de la empresa bancaria en competencia monopolística sigue estando adaptada a la modelización de este sector. No obstante, se debe mejorar para tener en cuenta una gestión activa de los riesgos por parte de los bancos : así, para cubrir los riesgos generados por sus operaciones con la clientela, los bancos están principahnente conducidos a définir de forma endógena su política de emisión de recursos largos, teniendo también en cuenta los costos relativos : por su parte, los bancos evitan también dedicar una parte demasiado importante de sus fondos propios para la adquisición de acciones.Cordier Jean, Jacquinot Pascal, Plihon Dominique. La gestion des risques par les établissements de crédit : essais de modélisation macro-économique. In: Économie & prévision, n°112, 1994-1. pp. 127-138
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
koamabayili/VECTRON-author-checklist: VECTRON author checklist
No full textWe have done our best to complete the author checklist relating to the use of animals in the hut study. Note that the objective for the hut study was to evaluate the IRS treatment applications for residual efficacy against Anopheles mosquitoes, including the local An. coluzzii mosquito population. Cows were only used to attract mosquitoes into the huts and no tests were carried out directly on the cows. The author checklist is intended for use with studies where experiments are carried out on animals, which is why we have had such difficulty in completing this for the hut study, as many of the questions do not relate to how the cows were used
Author-wise bibliometric analysis based on entropy.
No full textAuthor-wise bibliometric analysis based on entropy.</p
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