scholarly journals The Evolution of Mortgage Lending Institutions

2020 ◽  
Vol 21 (4) ◽  
pp. 653-681
Author(s):  
Natalya Kovalevskaya
Keyword(s):  
Initial Conditions ◽  
Financial Institution ◽  
Donor Country ◽  
Recipient Country ◽  
Mortgage Lending ◽  
Savings And Loans ◽  
Modern Context ◽  
Lending Institutions ◽  
The Impact ◽  
Evolution Scheme

The present article describes opportunities for seeking the forms of housing finance, which closely conform to the current needs of the society. The author analyses evolutionary developments of the two main mortgage lending systems, provided either by savings-and-loans banks or by mortgage credit banks. Historical development of loan associations and thrift institutions for housing construction is also in focus of the study. It explores the stages of transferring or, that is also called in literature, “transplantation” of the institutions from the country of origin to other countries. As a consequence of that, the modern studies contain such terms as “donor country” and “recipient country” of the financial institution, which reflect the nature of the transferring (transplantation) process. The evolution scheme of the two main mortgage institutions is considered. Criteria and stages of the institutions’ development in different countries are identified and described in the text. The author also analyses the impact of environment on the institutions’ development, which are dependent on different initial conditions of the institute implementation as well as on social and socio-economic conditions existing in the countries, which choose a certain model of mortgage institutions. The author evaluates the opportunity and attempts to develop the German construction thrift institution model in comparison to classic American mortgage model. The opportunities for developing different forms of mortgage lending in the modern context are under review in the article. They will depend on criteria of difference that financial institutions present as well on conditions of their activity.

IMPACT OF IMMIGRATION ON THE ETHNO-DEMOGRAPHIC PROCESSES IN RUSSIA

2021 ◽  
pp. 20-28
Author(s):  
Sergey V. Ryazantsev ◽  
◽  
Alexey D. Bragin ◽  
Keyword(s):  
Significant Role ◽  
Russian Federation ◽  
Donor Country ◽  
Recipient Country ◽  
Russian Society ◽  
Demographic Development ◽  
Demographic Processes ◽  
The Russian Federation ◽  
Reproductive Processes ◽  
The Impact

This article presents an assessment of the impact of immigration on ethno-demographic processes in the Russian Federation. It is determined that immigration plays a significant role in the demographic development of the Russian Federation and can affect many areas of the ethno-demographic structure of the population. The process of interaction between immigration and ethno-demography is highlighted, which depends both on the characteristics and structure of immigration flows and on the reproductive processes in the recipient country. Based on the formed coefficients for assessing the impact of immigration on ethno-demographic processes, a comparative analysis of the selected indicators was carried out. During the analysis it was determined that immigration has a direct impact on the process of formation of the ethno-demographic system of Russian society. Guided by the data on the scale of migration for 2020, the conclusion is made about the significant role of the donor country in the process of ethnic self-determination of immigrants.

ANALISIS RISIKO OPERASIONAL MENGGUNAKAN PENDEKATAN DISTRIBUSI KERUGIAN DENGAN METODE AGREGAT

2011 ◽  
Vol 10 (2) ◽  
pp. 1
Author(s):  
Y. ARBI ◽  
R. BUDIARTI ◽  
I G. P. PURNABA
Keyword(s):  
Negative Binomial Distribution ◽  
Binomial Distribution ◽  
Negative Binomial ◽  
Financial Institution ◽  
Expected Value ◽  
Insurance Companies ◽  
Limited Data ◽  
Loss Distribution Approach ◽  
Potential Loss ◽  
The Impact

Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes or external problems. Insurance companies as financial institution that also faced at risk. Recording of operating losses in insurance companies, were not properly conducted so that the impact on the limited data for operational losses. In this work, the data of operational loss observed from the payment of the claim. In general, the number of insurance claims can be modelled using the Poisson distribution, where the expected value of the claims is similar with variance, while the negative binomial distribution, the expected value was bound to be less than the variance.Analysis tools are used in the measurement of the potential loss is the loss distribution approach with the aggregate method. In the aggregate method, loss data grouped in a frequency distribution and severity distribution. After doing 10.000 times simulation are resulted total loss of claim value, which is total from individual claim every simulation. Then from the result was set the value of potential loss (OpVar) at a certain level confidence.

Diversity and the Performance of Selected Financial Institutions of Asia

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Shafaque Fatima ◽  
Saqib Sharif
Keyword(s):  
Financial Institutions ◽  
Positive Impact ◽  
Financial Institution ◽  
Gender Diversity ◽  
Business Case ◽  
Ordinary Least Squares ◽  
Cross Sectional ◽  
Age Diversity ◽  
The Impact ◽  
Nationality Diversity

Linking with the business case for diversity, this study examines whether the top management team (TMT) and the board of directors (BODs) diversity has a positive impact on financial institution (FI) performance in select countries of Asia least researched domain. We use data from 119 financial institutions across Asia for the year 2015, initially 1,447 institutions; however, incomplete data was excluded from final analysis. We use three proxies for diversity, that is, nationality diversity, gender diversity, and age diversity of TMT and BODs. To investigate the impact of TMT and BODs diversity, cross-sectional ordinary least-squares estimation is applied, using Return on Average Assets (ROAA%) as a measure of performance.  We find that nationality diversity and age diversity is positively and significantly related to FIs performance. Our evidence indicates that executives and board members with diverse exposure and younger age improve FIs profitability. However, there is no significant relationship between gender and FIs performance.

scholarly journals On Kaufmann's theory of the impact of the pianoforte hammer

1920 ◽  
Vol 97 (682) ◽  
pp. 99-110 ◽  
Keyword(s):  
Initial Conditions ◽  
Practical Importance ◽  
Prima Facie ◽  
Point Of View ◽  
Infinite Length ◽  
Modes Of Vibration ◽  
Rigorous Treatment ◽  
The Subject ◽  
Set Up ◽  
The Impact

The theory of the vibrations of the pianoforte string put forward by Kaufmann in a well-known paper has figured prominently in recent discussions on the acoustics of this instrument. It proceeds on lines radically different from those adopted by Helmholtz in his classical treatment of the subject. While recognising that the elasticity of the pianoforte hammer is not a negligible factor, Kaufmann set out to simplify the mathematical analysis by ignoring its effect altogether, and treating the hammer as a particle possessing only inertia without spring. The motion of the string following the impact of the hammer is found from the initial conditions and from the functional solutions of the equation of wave-propagation on the string. On this basis he gave a rigorous treatment of two cases: (1) a particle impinging on a stretched string of infinite length, and (2) a particle impinging on the centre of a finite string, neither of which cases is of much interest from an acoustical point of view. The case of practical importance treated by him is that in which a particle impinges on the string near one end. For this case, he gave only an approximate theory from which the duration of contact, the motion of the point struck, and the form of the vibration-curves for various points of the string could be found. There can be no doubt of the importance of Kaufmann’s work, and it naturally becomes necessary to extend and revise his theory in various directions. In several respects, the theory awaits fuller development, especially as regards the harmonic analysis of the modes of vibration set up by impact, and the detailed discussion of the influence of the elasticity of the hammer and of varying velocities of impact. Apart from these points, the question arises whether the approximate method used by Kaufmann is sufficiently accurate for practical purposes, and whether it may be regarded as applicable when, as in the pianoforte, the point struck is distant one-eighth or one-ninth of the length of the string from one end. Kaufmann’s treatment is practically based on the assumption that the part of the string between the end and the point struck remains straight as long as the hammer and string remain in contact. Primâ facie , it is clear that this assumption would introduce error when the part of the string under reference is an appreciable fraction of the whole. For the effect of the impact would obviously be to excite the vibrations of this portion of the string, which continue so long as the hammer is in contact, and would also influence the mode of vibration of the string as a whole when the hammer loses contact. A mathematical theory which is not subject to this error, and which is applicable for any position of the striking point, thus seems called for.

scholarly journals A Rational Numerical Method for Simulation of Drop-Impact Dynamics of Oleo-Pneumatic Landing Gear

2021 ◽  
Vol 11 (9) ◽  
pp. 4136
Author(s):  
Rosario Pecora
Keyword(s):  
Numerical Method ◽  
Initial Conditions ◽  
Impact Load ◽  
Numerical Models ◽  
Landing Gear ◽  
Design Stage ◽  
Impact Dynamics ◽  
State Variables ◽  
Adopted Model ◽  
The Impact

Oleo-pneumatic landing gear is a complex mechanical system conceived to efficiently absorb and dissipate an aircraft’s kinetic energy at touchdown, thus reducing the impact load and acceleration transmitted to the airframe. Due to its significant influence on ground loads, this system is generally designed in parallel with the main structural components of the aircraft, such as the fuselage and wings. Robust numerical models for simulating landing gear impact dynamics are essential from the preliminary design stage in order to properly assess aircraft configuration and structural arrangements. Finite element (FE) analysis is a viable solution for supporting the design. However, regarding the oleo-pneumatic struts, FE-based simulation may become unpractical, since detailed models are required to obtain reliable results. Moreover, FE models could not be very versatile for accommodating the many design updates that usually occur at the beginning of the landing gear project or during the layout optimization process. In this work, a numerical method for simulating oleo-pneumatic landing gear drop dynamics is presented. To effectively support both the preliminary and advanced design of landing gear units, the proposed simulation approach rationally balances the level of sophistication of the adopted model with the need for accurate results. Although based on a formulation assuming only four state variables for the description of landing gear dynamics, the approach successfully accounts for all the relevant forces that arise during the drop and their influence on landing gear motion. A set of intercommunicating routines was implemented in MATLAB® environment to integrate the dynamic impact equations, starting from user-defined initial conditions and general parameters related to the geometric and structural configuration of the landing gear. The tool was then used to simulate a drop test of a reference landing gear, and the obtained results were successfully validated against available experimental data.

scholarly journals Variation in human mobility and its impact on the risk of future COVID-19 outbreaks in Taiwan

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Meng-Chun Chang ◽  
Rebecca Kahn ◽  
Yu-An Li ◽  
Cheng-Sheng Lee ◽  
Caroline O. Buckee ◽  
...  
Keyword(s):  
Disease Surveillance ◽  
Initial Conditions ◽  
Human Mobility ◽  
Human Movement ◽  
Disease Spread ◽  
Spatial Spread ◽  
Movement Data ◽  
Intercity Travel ◽  
Travel Restrictions ◽  
The Impact

Abstract Background As COVID-19 continues to spread around the world, understanding how patterns of human mobility and connectivity affect outbreak dynamics, especially before outbreaks establish locally, is critical for informing response efforts. In Taiwan, most cases to date were imported or linked to imported cases. Methods In collaboration with Facebook Data for Good, we characterized changes in movement patterns in Taiwan since February 2020, and built metapopulation models that incorporate human movement data to identify the high risk areas of disease spread and assess the potential effects of local travel restrictions in Taiwan. Results We found that mobility changed with the number of local cases in Taiwan in the past few months. For each city, we identified the most highly connected areas that may serve as sources of importation during an outbreak. We showed that the risk of an outbreak in Taiwan is enhanced if initial infections occur around holidays. Intracity travel reductions have a higher impact on the risk of an outbreak than intercity travel reductions, while intercity travel reductions can narrow the scope of the outbreak and help target resources. The timing, duration, and level of travel reduction together determine the impact of travel reductions on the number of infections, and multiple combinations of these can result in similar impact. Conclusions To prepare for the potential spread within Taiwan, we utilized Facebook’s aggregated and anonymized movement and colocation data to identify cities with higher risk of infection and regional importation. We developed an interactive application that allows users to vary inputs and assumptions and shows the spatial spread of the disease and the impact of intercity and intracity travel reduction under different initial conditions. Our results can be used readily if local transmission occurs in Taiwan after relaxation of border control, providing important insights into future disease surveillance and policies for travel restrictions.

scholarly journals Brain drain and brain gain in Russia: Analyzing international migration of researchers by discipline using Scopus bibliometric data 1996–2020

2021 ◽  
Author(s):  
Alexander Subbotin ◽  
Samin Aref
Keyword(s):  
Brain Drain ◽  
Policy Development ◽  
Donor Country ◽  
International Mobility ◽  
Science System ◽  
Migration Rates ◽  
Net Migration ◽  
Novel Approach ◽  
Five Disciplines ◽  
The Impact

AbstractWe study international mobility in academia, with a focus on the migration of published researchers to and from Russia. Using an exhaustive set of over 2.4 million Scopus publications, we analyze all researchers who have published with a Russian affiliation address in Scopus-indexed sources in 1996–2020. The migration of researchers is observed through the changes in their affiliation addresses, which altered their mode countries of affiliation across different years. While only 5.2% of these researchers were internationally mobile, they accounted for a substantial proportion of citations. Our estimates of net migration rates indicate that while Russia was a donor country in the late 1990s and early 2000s, it has experienced a relatively balanced circulation of researchers in more recent years. These findings suggest that the current trends in scholarly migration in Russia could be better framed as brain circulation, rather than as brain drain. Overall, researchers emigrating from Russia outnumbered and outperformed researchers immigrating to Russia. Our analysis on the subject categories of publication venues shows that in the past 25 years, Russia has, overall, suffered a net loss in most disciplines, and most notably in the five disciplines of neuroscience, decision sciences, mathematics, biochemistry, and pharmacology. We demonstrate the robustness of our main findings under random exclusion of data and changes in numeric parameters. Our substantive results shed light on new aspects of international mobility in academia, and on the impact of this mobility on a national science system, which have direct implications for policy development. Methodologically, our novel approach to handling big data can be adopted as a framework of analysis for studying scholarly migration in other countries.

scholarly journals The Impact of Initial Conditions in N-Body Simulations of Debris Discs

2015 ◽  
Vol 32 ◽  
Author(s):  
E. Thilliez ◽  
S. T. Maddison
Keyword(s):  
Numerical Simulations ◽  
Initial Conditions ◽  
Parent Body ◽  
Dust Trapping ◽  
Physical Context ◽  
Disc Width ◽  
Wide Range ◽  
Belt Width ◽  
New Generation ◽  
The Impact

AbstractNumerical simulations are a crucial tool to understand the relationship between debris discs and planetary companions. As debris disc observations are now reaching unprecedented levels of precision over a wide range of wavelengths, an appropriate level of accuracy and consistency is required in numerical simulations to confidently interpret this new generation of observations. However, simulations throughout the literature have been conducted with various initial conditions often with little or no justification. In this paper, we aim to study the dependence on the initial conditions of N-body simulations modelling the interaction between a massive and eccentric planet on an exterior debris disc. To achieve this, we first classify three broad approaches used in the literature and provide some physical context for when each category should be used. We then run a series of N-body simulations, that include radiation forces acting on small grains, with varying initial conditions across the three categories. We test the influence of the initial parent body belt width, eccentricity, and alignment with the planet on the resulting debris disc structure and compare the final peak emission location, disc width and offset of synthetic disc images produced with a radiative transfer code. We also track the evolution of the forced eccentricity of the dust grains induced by the planet, as well as resonance dust trapping. We find that an initially broad parent body belt always results in a broader debris disc than an initially narrow parent body belt. While simulations with a parent body belt with low initial eccentricity (e ~ 0) and high initial eccentricity (0 < e < 0.3) resulted in similar broad discs, we find that purely secular forced initial conditions, where the initial disc eccentricity is set to the forced value and the disc is aligned with the planet, always result in a narrower disc. We conclude that broad debris discs can be modelled by using either a dynamically cold or dynamically warm parent belt, while in contrast eccentric narrow debris rings are reproduced using a secularly forced parent body belt.

Risk assessment in mission planning of uninhabited aerial vehicles

2019 ◽  
Vol 233 (10) ◽  
pp. 3499-3518 ◽  
Author(s):  
Giulio Avanzini ◽  
David S Martínez
Keyword(s):  
Initial Conditions ◽  
Mission Planning ◽  
Unmanned Aerial Systems ◽  
Steady State Condition ◽  
Motion Primitives ◽  
Uninhabited Aerial Vehicles ◽  
Aerial Systems ◽  
The Impact ◽  
Navigation Errors ◽  
Time Of Failure

A procedure for evaluating the risk related to the use of unmanned aerial systems over populated areas is proposed. A nominal trajectory, planned for performing a given mission, is represented by means of motion primitives, that is segments and arcs flown in a steady-state condition. The risk of hitting a person on the ground after catastrophic failure is evaluated as a function of vehicle reliability and population density (assumed known), and position of the impact point (which depends on initial conditions at the time of failure and trajectory flown afterwards). In the deterministic case, a lethal area is introduced and the risk at each point on the ground is proportional to the amount of time spent by the point inside the lethal area. Under the assumptions of a ballistic fall, the position of the lethal area with respect to the nominal trajectory depends only on altitude and velocity at the time of failure. When the effect of navigation errors is introduced, impact points are described by a statistical impact footprint, assuming that position and velocity errors at time of failure are normally distributed with known standard deviations. The two approaches are compared for a fictitious, yet realistic, mission scenario.

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