scholarly journals Do Derivatives Hinder the Financial Contagion? A Case Study of Developed Countries’ Stock Markets

2020 ◽  
Vol 2 (1-2) ◽  
pp. 89-101
Author(s):  
Saeed Rasekhi ◽  
Nasim Nabavi

The main purpose of this study is to test the effect of the derivative instruments on financial contagion in developed countries including France, Germany, South Korea, Spain, the Netherlands and the United Kingdom, considering the United States as the source of the crisis. Therefore, at first, existence of the contagion in the markets was investigated using the ARMA-GARCH-COPULA method, and then, the effect of the derivative instruments on the contagion for the selected countries was examined during the time period 01: 2007: to 08:2018. The results confirm the negative effect of the derivatives on the contagion.

2021 ◽  
Vol 2 (1) ◽  
pp. 89-101
Author(s):  
Saeed Rasekhi ◽  
Nasim Nabavi

The main purpose of this study is to test the effect of the derivative instruments on financial contagion in developed countries including France, Germany, South Korea, Spain, the Netherlands and the United Kingdom, considering the United States as the source of the crisis. Therefore, at first, existence of the contagion in the markets was investigated using the ARMA-GARCH-COPULA method, and then, the effect of the derivative instruments on the contagion for the selected countries was examined during the time period 01: 2007: to 08:2018. The results confirm the negative effect of the derivatives on the contagion.


2021 ◽  
Vol 11 (2) ◽  
Author(s):  
Muhammad Sharif Uddin

Andrade and James Hartshorn (2019) surrounds the transition that international students encounter when they attend universities in developed countries in pursuit of higher education. Andrade and James Hartshorn (2019) describe how some countries like Australia and the United Kingdom host more international students than the United States (U.S.) and provides some guidelines for the U.S. higher education institutions to follow to host more international students. This book contains seven chapters.


2020 ◽  
Author(s):  
Dunigan Parker Folk ◽  
Karynna Okabe-Miyamoto ◽  
Elizabeth Warren Dunn ◽  
Sonja Lyubomirsky

In two pre-registered studies, we tracked changes in individuals’ feelings of social connection during the COVID-19 pandemic. Both studies capitalized on measures of social connection and well-being obtained prior to the COVID-19 pandemic by recruiting the same participants again in the midst of the pandemic’s upending effects. Study 1 included a sample of undergraduates from a Canadian university (N = 467), and Study 2 included community adults primarily from the United States and the United Kingdom (N = 336). Our results suggest that people experienced relatively little change in feelings of social connection in the face of the initial reshaping of their social lives caused by the COVID-19 pandemic. Exploratory analyses suggested that relatively extraverted individuals exhibited larger declines in social connection. However, after controlling for levels of social connection prior to the pandemic (as pre-registered), the negative effect of extraversion reversed (Study 1) or disappeared (Study 2).


Author(s):  
M. E. Chen ◽  
C. K. Davis

The U.S. government is making strides to provide electronic access to government agencies and services. A variety of issues are involved when implementing e-government programs such as electronic tax filing, access to drug information, and so forth. Financial, technical, personnel, and legal issues are common. Privacy issues in the creation of e-government are also of interest to both the e-government implementer and citizen. There are a variety of issues in planning and implementing projects of the scope and magnitude of e-government. Issues such as user requirements, organizational change, government regulations, and politics, as well as descriptions of planning and implementation frameworks, are important. Experience in developed countries shows that it is not difficult for people to imagine a situation where all interaction can be done 24 hours each day, 7 days each week. Many countries, including the United States, France, Australia, Greece, Canada, Singapore, and Italy have been offering government services online (West, 2004). According to Sharma and Gupta (2003), Canada, Singapore, and the United States are categorized as “innovative leaders” (p. 34) whose continued leadership in the creation of e-government and more mature online services sets them apart from other countries. Canada leads the way in e-government innovation while Singapore, the United States, Australia, Denmark, the United Kingdom, Finland, Germany, and Ireland are countries in the top-10 list. Several Asian countries such as China, Hong Kong, India, Japan, Philippines, Indonesia, Thailand, Bangladesh, and Burma have initiated the concept of e-government as well (Dodgson, 2001). An article in Federal Computer Week (Perera, 2004) reported findings of a recent poll indicating that 77% of Internet users (or some 97 million people) in the United States have gone online for government information. E-government is rapidly becoming a key priority of the government of the United States.


Blood ◽  
2005 ◽  
Vol 106 (11) ◽  
pp. 3213-3213
Author(s):  
Charles L. Bennett ◽  
Lauren E. Frohlich ◽  
Kathryn R. McCaffrey ◽  
June M. McKoy ◽  
Glenn E. Ramsey ◽  
...  

Abstract Background: 95% of HIV- and HCV-infections among PWHs occurred with use of contaminated blood products prior to 1985. Overall, 20% to 90% of PWHs in developed countries have HIV- and/or HCV-infection. We compared country-specific public health approaches, judicial activities, and compensation for these viral infections. Methods: Reports from hemophilia organizations, national ministries of health, published articles, and the World Federation of Hemophilia were reviewed. Results: Except for the United States, the number of PWHs who developed HCV-infection from contaminated blood products was 1.5 to 3-fold as great as for HIV-infection- as a result of delayed use of heat-treated blood products, importation in late 1984 of HCV-infected non-heat treated blood products from the United States, and failure to use surrogate laboratory marker hepatitis screening tests. Compensation funds for HIV-infected PWHs were established in Japan ($521,000 at Dx); France ($305,000 at Dx; $102,000 for AIDS); the United States ($115,000 at Dx); Ireland ($106,000 at Dx); the United Kingdom ($55,000 at Dx); Australia ($48,000 at Dx); Canada ($13,000 at Dx/$18,000/yr); Germany ($12,000/yr for HIV; $24,000/yr for AIDS); and Italy ($6,000/yr; $82,000 at death). Compensation has also been provided to HCV-infected PWHs in Ireland ($266,000 at Dx); Canada ($251,000 at Dx); the United Kingdom ($33,000 at Dx; $42,000 if w/liver damage); and Italy ($10,000/yr; $37,000 at death). Conclusions: In most developed countries, despite a greater number of HCV-versus HIV-infected PWHs, markedly less attention has been paid to HCV-infected PWHs. All countries should review HCV-related blood safety decisions made in the 1980s and consider providing compensation to HCV-infected PWHs. A comparison of national responses to HIV and HCV infections from blood products Country -PWH (thousands) % PWH with HIV:HCV Man-dated HIV ELISA (date) Man-dated heat Rx factor (date) Anti-HBc marker screening (date) Nat’l Funds for HIV/HCV among PWHs (year) Nat’l Panels for HIV/HCV decisions (year) USA-20 50%:30% Mar 85 Oct 84 Oct 84 96/none 95/none Italy- 8.7 23%:55% Mar 85 Jul 85 None 92/98 92/05 GDR- 6 47%:90% Oct 85 Oct 85 None 95/none 94/none UK-6 28%:80% Oct 85 Jun 85 None 88/03 87/05 France-4 50%:90% Aug 85 Oct 85 None 89/none 91/none Japan-3.4 60%:90% Nov 86 Jun 86 None 88/none 96/none Canada-2 40%:88% Nov 85 Jul 85 None 89/98 97/none Australia-1.5 31%:90% May 85 Jan 85 None 89/none 88/none Ireland-0.3 36%:76% Oct 85 Feb 85 None 91/97 91/97


Author(s):  
Joseph G. Haubrich

Does the yield curve have the ability to predict output and recessions? At some times and in certain places, of course! But when and where, which aspects of the curve matter most, and which economic forces account for the predictive ability are matters of dispute. Over the years, an increasingly sophisticated set of tools, both statistical and theoretical, has addressed the issue. For the United States, an inverted yield curve, particularly when the spread between the yield on 10-year and 3-month Treasuries becomes negative, has been a robust indicator of recessions in the post–World War II period. The spread also predicts future real GDP growth for the United States, although the forecast ability varies by time period in ways that appear to depend on monetary policy. The evidence is less clear in other countries, but the yield curve shows some predictive ability for the United Kingdom and Germany, among others. Expected final online publication date for the Annual Review of Financial Economics, Volume 13 is March 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.


2021 ◽  
Vol 129 ◽  
pp. 08017
Author(s):  
Carmen Valentina Radulescu ◽  
Iulian Gole ◽  
Marius Profiroiu

Research background: After the summit of G7 held in the United Kingdom, important decisions regarding future actions against global warming were taken. Some of them were appreciated by the environmental supporters but many others tend to have a different view, especially because of lack of details. Purpose of the article: In this article, we will analyse what are the measure proposed by the most powerful and developed countries, members of G7, what is the position of the other big countries (China and Russia) that were not invited, and how this could really contribute to the saving environment progress. Methods: Through descriptive and comparative analysis the paper reveals the financial and technical difficulties to implement these decisions and how they can contribute to a better environment and achieve the COP 21 objective. Findings & Value added: The stress caused by the Covid-19 pandemic in all economies didn’t cancel the engagement of countries taken in Paris, to limit the rise of global temperatures to 1.50C comparing to the preindustrial era. The United States even came back on track and, generally speaking, it appears that there is a stronger will to take concrete actions.


2005 ◽  
Vol 1 (2) ◽  
pp. 15-18
Author(s):  
Yvonne P. Shanahan ◽  
Morris W. Shanahan

Roxy Music Limited is a wholesale supplier of Compact Discs (CDs), Music Cassettes, Videos and, more recently DVDs, in the New Zealand music and entertainment market. All products are imported from Germany, the United Kingdom, the United States of America or Holland. Product arrives in boxes of 1,000 units. For the purpose of this case, we are focusing on CD sales.


Criminology ◽  
2013 ◽  
Author(s):  
Ian O'Donnell

Solitary confinement has long been part of the practice of imprisonment in the United States, the United Kingdom, and elsewhere. It has changed over time in terms of the underlying rationale, the enthusiasm with which it is embraced, and the identities of its most ardent advocates. In the early decades of the 19th century, religiously motivated prison reformers were at the forefront. Consensus was widespread about the need for prisoners to live by a rule of silence but disagreement as to whether this required separation at all times from their peers or whether silent association was acceptable (or, indeed, preferable). In the closing decades of the 20th century, there was renewed interest in solitary confinement, but without the concern for prisoner welfare and rehabilitation that had characterized earlier debates. Now the protagonists were prison administrators, and a discourse that had taken place outside the prison gates and featured many voices was replaced by one that was almost entirely internal and one-sided. Typically, there are four kinds of circumstances under which prisoners are isolated. First, there is protective custody, often at the prisoner’s request. A return to the general population can be difficult if a prisoner has been segregated because of vulnerability due to the nature of his or her offense, the accumulation of debts that cannot be discharged, or a perception that he or she has communicated information to staff. Second, there is disciplinary detention for breaking prison rules; generally the duration is relatively short. In some countries a court can impose solitary confinement as part of a sentence and the time period here can be lengthy. Third is administrative segregation. This can be short term (e.g., while an investigation is being carried out or pending transfer) or long term (if a prisoner is thought to present a threat to institutional order). Fourth, there are occasions when prisoners seek the respite of the solitary cell as a way of easing psychological pressures. In such cases the stay tends to be brief and prisoners return to their usual place of abode afterward. Long-term administrative segregation in the United States in facilities that have been described as offering “supermax” custody has generated concern on human rights grounds as well as for reasons of economy and efficacy.


2019 ◽  
Vol 273 ◽  
pp. 01008
Author(s):  
Nektarios Karanikas ◽  
David Passenier

Communication problems are acknowledged as hazardous eventualities affecting operations negatively. However, a few systematic attempts have been made to understand the pattern of communication issues and their contribution to safety events. In this paper, we present the AVAC-COM communication model and taxonomy based on the cybernetics approach and a literature review. The model elements and taxonomy variables regard the actors, signals, coders, interference, direction and timing, predictability, decoders, and channels. To test the applicability and potential value of the AVAC-COM framework, we analysed 103 safety investigation reports from aviation published between 1997 and 2016 by the respective authorities of Canada, the United States, Australia, the United Kingdom and the Netherlands. The overall results of the 256 cases of communication flaws detected in the reports suggested that these regarded more frequently Human-Media and Human-Human interactions, verbal and local communications as well as unfamiliarity of the receivers with the messages transmitted. Further statistical tests revealed associations of the region, time period, event severity and operations type with various variables of the AVAC-COM taxonomy. Although the findings are only indicative, they showed the potential of the AVAC-COM model and taxonomy to be used to identify strong and weak communication elements and relationships in documented data such as investigation and hazard reports.


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