User Cost of Foreign Monetary Assets Under Dollarization

2021 ◽  
Author(s):  
Boniface Yemba
Keyword(s):  
2009 ◽  
pp. 70-93
Author(s):  
V. Manevich

The paper considers the monetary dynamic model developed by J. Tobin, the leader of Keynesian economic thought in 1970-1990. Particularly, the author examines q-theory of investment proposed by Tobin which allows to expose the relationship between supply of monetary assets and investment in real capital. Application of various tools of monetary and financial policies is also considered in its different forms. The author aspires to use Tobin's model for the analysis of processes existing in the Russian economy and to test theoretical propositions and relationships elaborated by Tobin on Russian statistics.


Author(s):  
Larisa Gerasimova

The article discusses the procedure for accounting for objects in a foreign currency. It is shown that foreign currency assets, liabilities, and other items are recorded simultaneously in foreign currency and in rubles. Analyzed the accounting treatment of exchange rate differences, it is shown that their records depend on the period. Examples of currency monetary and non-monetary accounting items and the specifics of their reflection in accounting transactions are given. Monetary assets and liabilities are recorded at the exchange rate at the date of recognition. The option of recognition at the reporting date is possible. Non-monetary assets and liabilities are recognized at the date of recognition and are no longer restated. An example of accounting for non-monetary assets accepted by an institution at fair value as an exception to their rules is given. The article reflects that the revaluation of such assets at the new exchange rate is made in cases when the fair value of the object changes. It shows the mechanisms for accounting for the return of advances in foreign currency and options when such debt is recalculated or not recalculated after being accepted for accounting.


Coatings ◽  
2021 ◽  
Vol 11 (5) ◽  
pp. 565
Author(s):  
Changbo Liu ◽  
Zhendong Qian ◽  
Yang Liao ◽  
Haisheng Ren

This study aims to evaluate the economy of a steel bridge deck pavement scheme (SBDPS) using a comprehensive life-cycle cost (LCC) analysis approach. The SBDPS are divided into the “epoxy asphalt concrete system”(EA system) and“ Gussasphalt concrete system”(GA system) according to the difference in the material in the lower layer of the SBDPS. A targeted LCC checklist, including manager cost and user cost was proposed, and a Markov-based approach was applied to establish a life-cycle performance model with clear probability characteristics for SBDPS. Representative traffic conditions were designed using a uniform design method, and the LCC of SBDPS under representative traffic conditions and different credibility (construction quality as a random factor) was compared. The reliability of the LCC analysis approach was verified based on the uncertainty analysis method. Based on an expert-scoring approach, a user cost weight was obtained to ensure it is considered reasonably in the LCC analysis. Compared with the cumulative traffic volume, the cumulative equivalent single axle loads (CESAL) have a closer relationship with the LCC. The GA system has better LCC when the CESAL is less, while the EA system is just the opposite. The breaking point of CESAL for the LCC of the EA system and the GA system is 15 million times. The LCC analysis of SBDPS should consider the influence of random factors such as construction quality. The comprehensive LCC analysis approach in this paper can provide suggestions for bridge-management departments to make a reasonable selection on SBDPS.


2021 ◽  
Vol 11 (3) ◽  
pp. 965
Author(s):  
Irina Stipanovic ◽  
Zaharah Allah Bukhsh ◽  
Cormac Reale ◽  
Kenneth Gavin

Aged earthworks constitute a major proportion of European rail infrastructures, the replacement and remediation of which poses a serious problem. Considering the scale of the networks involved, it is infeasible both in terms of track downtime and money to replace all of these assets. It is, therefore, imperative to develop a rational means of managing slope infrastructure to determine the best use of available resources and plan maintenance in order of criticality. To do so, it is necessary to not just consider the structural performance of the asset but also to consider the safety and security of its users, the socioeconomic impact of remediation/failure and the relative importance of the asset to the network. This paper addresses this by looking at maintenance planning on a network level using multi-attribute utility theory (MAUT). MAUT is a methodology that allows one to balance the priorities of different objectives in a harmonious fashion allowing for a holistic means of ranking assets and, subsequently, a rational means of investing in maintenance. In this situation, three different attributes are considered when examining the utility of different maintenance options, namely availability (the user cost), economy (the financial implications) and structural reliability (the structural performance and subsequent safety of the structure). The main impact of this paper is to showcase that network maintenance planning can be carried out proactively in a manner that is balanced against the needs of the organization.


1982 ◽  
Vol 10 (4) ◽  
pp. 375-393 ◽  
Author(s):  
Patric H. Hendershott ◽  
Joel Slemrod
Keyword(s):  

2000 ◽  
Vol 1712 (1) ◽  
pp. 196-201 ◽  
Author(s):  
Jin-Fang Shr ◽  
Benjamin P. Thompson ◽  
Jeffrey S. Russell ◽  
Bin Ran ◽  
H. Ping Tserng

An increasing number of state highway agencies (SHAs) are using A (cost) + B (time cost) bidding ( A + B bidding) for highway construction. The A + B bidding concept is designed to shorten the total contract time by allowing each contractor to bid the number of days in which the work can be accomplished, in addition to the traditional cost bid. The SHA is then presented with the problem of determining a reasonable range of contract time submitted by the bidders. Most SHAs do not currently restrict the range of B. However, several problems may arise from an unrestricted range of B. First, if no minimum is set for B, a bidder may inflate the cost bid and submit an unreasonably low B, using the excess cost bid to cover the disincentives charged for exceeding the time bid. Second, if no maximum is set for B, then a bidder with a high B and a low-cost bid may be awarded the job and make an unreasonable amount of money from incentive payments. This study develops a quantified model of the price-time bidding contract. A construction cost-versus-time curve is developed from Florida Department of Transportation (DOT) data. The contractor’s price-versus-time curve is then combined with the road-user cost to determine the optimum lower limit to be set on B. Finally, several projects completed by the Florida DOT will be used to illustrate this model.


Author(s):  
Mitchell G. Hadfield ◽  
Logan S. Bennett ◽  
Grant G. Schultz ◽  
Mitsuru Saito ◽  
Dennis L. Eggett

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