3,638 research outputs found

    Financial dollarization in Russia: causes and consequences

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    We review some aspects of financial dollarization in Russia, applying the main relevant theories to analyze the dynamics of several dollarization indicators. An econometric model of the short run dynamics of deposit and loan dollarization is estimated for the last decade. We find that ruble appreciation was the main driver of the de-dollarization that occurred then and of the later episode of renewed dollarization. We estimate the overall (and sectoral) currency mismatches of the Russian economy. The results show a gradual improvement of the net foreign currency position of the public sector, where we have seen significant accumulation of international reserves by the Bank of Russia and repayment of government debt. Evidence is also presented for the significant currency risk vulnerability of the nonbanking private sector. Several existing empirical studies are examined in order to assess the growth losses of the Russian economy following the crisis of 2008, which was linked with the financial dollarization.financial dollarization; currency mismatch; balance sheet effects; Russia

    Author, Philosopher Alexandra Stoddard to Speak March 2 at Williams Library

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    OXFORD, Miss. – Contemporary philosopher, author, interior designer and speaker Alexandra Stoddard gives an inspirational lecture and reading March 2 at the University of Mississippi

    Stages for the More Sustainable Farm

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    Currently, agricultural farm units are faced with a double and most times contradictory challenge, in order to be successful: on the one hand the invested capital has to be profitable and the economic performance has to be maximised. On the other hand, given the socio-environmental situation, it is necessary to preserve and to protect the environment and natural resources. Given the potential conflict of the two aims, since the satisfaction of one implies the underperformance of the other (and vice versa), the question then is: which is the solution to choose? We intend, in this work, to formulate a farm plan with the purpose of reconciling the criteria of environmental sustainability with that of economic competitiveness. For this achievement we proceed to the comparative study of sustainability of different groups of farms identified in the study area (first evaluation cycle) through MESMIS (“Marco para la Evaluación de Sistemas de Manejo de Recursos Naturales Mediante Indicadores de Sustentabilidad” - Framework for Evaluation of Natural-Resource Systems Handling through Sustainability Indicators) methodology, that allowed to select the more sustainable group of farms. Based on the found potentialities and weakness on these production systems, we stepped to the planning of a production unit of bovine meat, which obeys simultaneously to economic and environmental objectives, using Multicriteria Decision. We finished the work with the sustainability evaluation between groups of farms identified previously and the planned farms (second evaluation cycle), based, again, in the MESMIS methodology, to confirm (or not) the greatest sustainability of the last ones. Analyses of the results allow us to confirm the greatest relative sustainability of the planned farm, for the diverse traced scenarios.Decision taking, planning, sustainability, Environmental Economics and Policy, Farm Management,

    Exhibiting Fashion Symposium: Dr. Alexandra Palmer “Fashion Exhibitions: The Good, the Bad, and the Pointless”

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    The Museum at FIT presented Exhibiting Fashion, its twenty-first academic symposium on Friday, March 8, 2019. This symposium explored the history of fashion curating, the different ways fashion is displayed in museum settings, and how national and regional identities influence fashion exhibitions. The symposium was organized in conjunction with Exhibitionism: 50 Years of The Museum at FIT, which commemorated the rich history of the museum, the site of more than 200 exhibitions since the 1970s.Dr. Alexandra Palmer is the Nora E. Vaughan Senior Curator at the Royal Ontario Museum. She has curated numerous exhibitions including Christian Dior, and she is the author of the book Christian Dior: History and Modernity, 1947–1957

    Reescrita de si pelo outro: identidade portuguesa e paródia em Deus-dará, de Alexandra Lucas Coelho / Rewriting oneself through the other: Portuguese identity and parody in Deus-dará, by Alexandra Lucas Coelho

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    Resumo: O artigo aponta o modo como o romance Deus-dará de Alexandra Lucas Coelho, escritora portuguesa contemporânea, pode ser compreendido como um exercício de renegociação da identidade portuguesa em relação a questões referentes à colonização no Brasil. Mais do que isso, problematiza-se como, por meio da estratégia da paródia no texto ficcional, a autora consegue expressar uma necessidade e possibilidade de se redefinir pelo outro em um movimento contrário ao do discurso colonial – o que também ocorre em suas entrevistas e em suas narrativas de viagens, tais como em Vai, Brasil e Cinco Voltas na Bahia e um beijo para Caetano Veloso. Palavras-chave: identidade portuguesa; paródia; pós-modernismo; escrita portuguesa contemporânea; Alexandra Lucas Coelho. Abstract: The article observes how the novel Deus-dará, by Alexandra Lucas Coelho, a Portuguese contemporary writer consists in an exercise of renegotiation for the Portuguese identity in relation to issues that refer to the colonization process in Brazil. Moreover, this text seeks to show how parody as a fictional literary strategy helps the author in expressing a necessity and a possibility of redefining oneself through the other, in a direction that goes in the opposite way of the colonial speech. This necessity and this possibility also appear in the author’s interviews and travel books, such as Vai, Brasil and Cinco Voltas na Bahia e um beijo para Caetano Veloso, which will also be mentioned in this article.Keywords: Portuguese identity; parody; post-modernism; Portuguese contemporary writing; Alexandra Lucas Coelho

    Author Rights Workshop

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    Learning material associated with Alexandra Kohn's presentation as a part of the ABC Copyright 2020 Fall Speaker Series, hosted by the University of Alberta Copyright Office

    Athaliah and Alexandra: Gender and Queenship in Josephus [Author Accepted Manuscript]

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    Athaliah and Alexandra were the only two women to rule as queens of Judah/Judaea in their own right and both women’s reigns are reported in Josephus’ writings. Despite their uniqueness, however, Athaliah and Alexandra are rarely compared in scholarship; the former is usually dismissed, and focus centred on the latter. This article contends that there are historical similarities between the two, but literary differences. Josephus could have referred to Athaliah or used elements of her portrayal in his presentation of Alexandra but does not, creating the impression that Alexandra was completely different to her predecessor. It may be instructive, therefore, to consider why Josephus literarily isolates the queens and what this means for his interpretation of Alexandra

    Ferromagnetism and magnetic anisotropy in exfoliated flakes of CrTe2

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    Author Alexandra Wagner, BScMasterarbeit Johannes Kepler Universität Linz 202

    Essays in Macroeconomics

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    University of Minnesota Ph.D. dissertation. July 2018. Major: Economics. Advisors: Manuel Amador, Timothy Kehoe. 1 computer file (PDF); ix, 88 pages.This dissertation consists of three chapters. The first chapter studies the origin of the German labor market "miracle". I develop a search and matching model with multi-worker firms and a two-tier unemployment insurance system to explore the role of the 2005 unemployment insurance reform (the Hartz IV reform) in reducing the cyclical volatility of German employment. Lower long-term unemployment benefits reduce firms' incentives to cut employment during downturns, and render adjustment along the intensive margin relatively more important. Calibrating my model to German pre-reform data, I find that the reform reduced the volatility of employment by 68% and was the main reason behind the mild response of the German labor market to the Great Recession. A short-time work policy, praised as the key to the German "miracle," played a minor role. I also find that the reform raised an average worker's welfare by 1.18%. In the second chapter, written jointly with Aysa Dordzhieva, we study the inertia in sovereign credit ratings. We document that in the run-up to the European debt crisis sovereign credit ratings of Italy, Portugal and Spain displayed a higher degree of inertia. We suggest that the observed inertia in sovereign ratings was the result of the optimal behavior of credit rating agencies, and it might have helped to prevent a severe banking crisis. We build a sovereign default model with a credit rating agency (CRA) that maximizes the accuracy of its credit ratings. CRA receives private information about country's fundamentals and chooses whether to update its rating or not. We assume that a rating downgrade triggers a banking crisis in the near future irrespective of the government's default decision. We show that under certain conditions it is optimal for CRA not to downgrade even if it gets a negative signal and the probability of default goes up. Finally, the third chapter proposes a theory of the direct pass-through of sovereign default risk to firms that can generate the co-movement of sovereign and corporate spreads. I develop a model of sovereign default and bailout in an economy with productivity shocks. A key feature of the model is that the probability that the firm is going to be bailed out is endogenous and non-monotonic in the level of output. The bailout is more likely when the output is high. It is also more likely when the output is low and the government has a strong incentive to borrow: instead of repaying the debt, the government can default and bail out the firm. When the output is in the medium range, the probability of bailout is lower because the government is rich enough not to default but is not rich enough to be able to repay its debt and afford costly bailout. Since the firm internalizes this when it makes its investment decision, it takes more risk by buying more capital when the probability of bailout is higher and hence faces lower bond prices. This non-monotonicity in the firm's capital decision implies that the government and the firm's bond prices move together as long as the level of output is not too high.Solovyeva, Alexandra. (2018). Essays in Macroeconomics. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/200254

    Alexandra Walsham, Catholic Reformation in Protestant Britain

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    Since the publication of her Church Papists: Catholicism, Conformity and Confessional Polemic in Early Modern England (1993), the prolific Alexandra Walsham has never stopped adding nuances to our understanding of early modern English Catholicism. She is also the author of Providence in Early Modern England (Oxford UP, 1999), Charitable Hatred: Tolerance and Intolerance in England 1500-1700 (Manchester UP, 2006) and The Reformation of the Landscape: Religion, Identity and Memory in Early Mode..
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