18,636 research outputs found
Design of Near Perfect Reconstruction Oversampled Filter Banks for Subband Adaptive Filters
No full textIn this brief, a design algorithm for real-valued and complex-valued oversampled filter banks which yield a low level of inband alias and enable simple subband adaptiv structures is presented. The filter banks are either based on complex modulation of a real-valued low-pass prototype or on the direct or modulated setups of real-valued filter banks. If real-valued filter banks are required, then the different channels will have different subsampling ratios so that the bandpass sampling theorem is not violated. This brief also presents design examples of real-valued and complex-valued filter banks
Consolidation of Banks in Japan: Causes and Consequences
No full textWe investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though its attempt does not seem to have been successful. The efficiency-improving motive also seems to have driven the M&As conducted by major banks and regional banks in the post-crisis period, while the market-power motive seems to have driven the M&As conducted by regional banks and corporative (shinkin) banks. We obtain no evidence that supports managerial motives for empire building.
Marion Banks letter, MSS.0110
No full textAbstract: Letter to Dr. E. H. Moren recommending W. C. Richardson for the professorship of English literature at Alabama A and M College.Scope and Content Note: Letter from Marion Banks in Tuscaloosa to Dr. E. H. Moren, Centreville, Alabama, 24 May 1878, recommending W. C. Richardson for the professorship of English Literature at Alabama A and M College.Biographical/Historical Note: Marion Banks was a University of Alabam trustee from 1876 to 1884
Optimal control of a moving boundary by laser heating in a 2-phase Stefan problem
No full textThe 2-phase heat control problem by a single laser point input is studied and a method of overcoming the moving boundary problem is introduced. This is achieved by applying a sequence of linear time varying control problems which converge to the single nonlinear problem which can be obtained from the joint moving boundary problems
X-efficiency Analysis of Commercial Banks in Pakistan: A Preliminary Investigation
No full textThe emergence of a fast-paced dynamic environment in the business world in general, and in the financial services sector in particular, has highlighted the significance of competition and efficiency. The need for deregulation has become a touchstone of success in fostering both competition and efficiency especially in the economies, which are exposed to structural reforms. In addition to that, intense competition both among domestic and foreign banks, rapid speed of innovations and introduction of new financial instruments, changing consumer’s demands and desire for product augmentation have changed the way a bank conducts business and services its customers. Larger the degree of competition, it is perceived that the firms would become more efficient. However, when the structure of an industry is product of the government regulations, the degree of competition is impaired markedly implying that the efficiency suffers negatively. Banking industry acts as life-blood of modern trade and commerce acting as a bridge to provide a major source of financial intermediation. Thus, appraisal of its efficiency is vital in context of an efficient and competitive financial system. Study of x-efficiency is believed to be important in particular as Berger, et al. (1993) found that x-inefficiencies account for around 20 percent or more of banking costs. Similarly, recent drive among banks towards downsizing, rightsizing and rationalisation of banking costs also implicates for the assessment of x-efficiency analysis of banks. It becomes vital in Pakistani context as there appears to be no study in literature on efficiency or x-efficiency analysis of banks in Pakistan. “A great deal more work is needed on x-efficiency research in banking. Managerial efficiency, the concept of x-efficiency, appears to be a much more important strategic and policy consideration” [Molyneux, et al. (1960), p. 273]. Given
Do Cooperative Banks Really Serve Agricultural Sector in Poland?
No full textThe aim of the paper is to assess the potential of cooperative banks for serving agricultural sector in Poland and to identify the areas with the most development potential. We discuss the transformation process in the cooperative banking system under market economy, and in particular investigate importance of cooperative banks for farms' financing on the basis of our survey of banks. Moreover, the role of cooperative banks in transmission of Government policy supporting farm sector in Poland is discussed. We find that despite growing competition from the commercial banking sector, farms and rural households in Poland are still of major importance for the cooperative banks in Poland.cooperative banks, agricultural sector, Poland, Agricultural Finance, G21, O18, Q14,
Measuring efficiency at U.S. banks: accounting for heterogeneity is important
No full textEstimates of bank cost efficiency can be biased if bank heterogeneity is ignored. The author compares X-inefficiency measures derived from a model that constrains the cost frontier to be the same for all banks in the nation and a model that allows the cost functions and error terms to differ across Federal Reserve Districts. The author finds that the data reject the single cost function model; X-inefficiency measures based on the single cost function model are, on average, higher than those based on the separate cost functions model; the distributions of the one-sided error terms on which X-inefficiency measures are based are wider for the single cost function model than for the separate cost functions models; and the ranking of Districts by the level of X-inefficiency differs in the two models. The differences in efficiency across Districts reflect more than just differences in bank size, geographic size, or population of the Districts. These results suggest that it is important when studying X-inefficiency to account for differences across the markets in which banks are operating and, more generally, that since X-inefficiency is, by construction, a residual, it will be particularly sensitive to omissions in the basic model.Banks and banking - Costs
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Long-Term Monitoring at the East and West Flower Garden Banks, 1996-1997
No full textSummary describing the work completed at Texas A&M University Center for Coastal Studies for 'Long-Term Monitoring at the East and West Flower Garden Banks.' It includes background information on the project funding and sponsorship, goals, methodology, and findings
On Implementation and Design of Filter Banks for Subband Adaptive Systems
No full textThis paper introduces a polyphase implementation and design of an oversampled K-channel generalized DFT (GDFT) filter bank, which can be employed for subband adaptive filtering, and therefore is required to have a low aliasing level in the subband signals. A polyphase structure is derived which can be factorized into a real valued polyphase network and a GDFT modulation. For the latter, an FFT realization may be used, yielding a highly efficient polyphase implementation for arbitrary integer decimation ratios N <= K. We also present an analysis underlining the efficiency of complex valued subband processing. The design of the filter bank is completely based on the prototype filter and solved using a fast converging iterative least squares method, for which we give examples. The design specifications closely correspond with performance limits of subband adaptive filtering, which are under-pinned by simulation results
Cost and profit efficiency of banks in Haiti: do domestic banks perform better than foreign banks?
No full textI use the stochastic frontier methodology to estimate a cost and a profit frontier functions. The Fourier-flexible form is used in this paper because of its flexibility. Results show that, although foreign banks are more cost efficient than domestic banks, domestic banks are more profit efficient than foreign banks, in Haiti. The paper reveals also that, although treasury bills constitute an alternative source of profit for banks in Haiti, a growth of interest rate on treasury bills increases profit efficiency in current period whereas it decreases profit efficiency one period after this growth. The main implication of this paper is that foreign banks are not always more efficient than domestic banks in developing countries, and even in a country with low income level.Cost Efficiency; Profit Efficiency; Foreign Banks; Domestic Banks
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