scholarly journals Reassessment of the Concept of Momentum in Econophysics

2021 ◽  
Vol 3 (6) ◽  
pp. 25-35
Author(s):  
Mario J. Pinheiro ◽  
Mario Rodrigo Afonso Pinheiro
Keyword(s):  
Financial Markets ◽  
Basic Feature ◽  
Relative Strength ◽  
Point Of View ◽  
Poor Countries ◽  
Economic Progress ◽  
Economic Process ◽  
Technical Indicator ◽  
New Vision ◽  
Physical Laws

We examine the most basic feature of the economic process - momentum - under the point of view of analogies with physical laws, as they were reformulated recently [1]. Our approach is applied with minimal assumptions and we conclude that the inclusion of entropy as an effective variable in econophysics may bring a new vision of economic progress and the possibility to harness economic waves as a means to transport development from rich to poor countries using trade and technological progress. A new technical indicator for the stock market is proposed offering double opportunities on enter and exit trades, when compared to the Relative Strength Index usually used in analysis of financial markets.

Formacja prawnika wyzwaniem czasów

2017 ◽  
Vol 15 (2) ◽  
pp. 267-286
Author(s):  
Stanisław Leszek Stadniczeńko
Keyword(s):  
Higher Education ◽  
Human Capital ◽  
Young People ◽  
Personality Traits ◽  
Point Of View ◽  
Job Market ◽  
Social Lives ◽  
New Vision ◽  
Political Disputes

The author considers the questions relating to the formation of lawyers’ professional traits from the point of view of the significance which human capital and investment in this capital hold in contemporary times. It follows from the analyses, which were carried out, that the dire need for taking up actions with the aim to shape lawyers appears one of the most vital tasks. This requires taking into account visible trends in the changing job market. Another aspect results from the need for multilevel qualifications and conditions behind lawyers’ actions and their decisions. Thus, colleges of higher education which educate prospective lawyers, as well as lawyers’ corporations, are confronted by challenges of forming, in young people, features that are indispensable for them to be valuable lawyers and not only executors of simple activities. The author points to the fact that lawyers need shaping because, among others, during their whole social lives and realization of professional tasks their personality traits and potential related to communication will constantly manifest through accepting and following or rejecting and opposing values, principles, reflexions, empathy, sensitivity, the farthest-fetched imagination, objectivism, cooperation, dialogue, distancing themselves from political disputes, etc. Students of the art of law should be characterized by a changed mentality, new vision of law – service to man, and realization of standards of law, as well as perception of the importance of knowledge, skills, attitudes and competences.

WISATA BAHARI PADA ZONA PEMANFAATAN TAMAN NASIONAL MANUSELA: POTENSI DAN FAKTOR PENGARUH PENGEMBANGAN

2018 ◽  
Vol 2 (2) ◽  
pp. 66-73
Author(s):  
Ivonne R. G. Kaya ◽  
Fildo De Lima
Keyword(s):  
National Park ◽  
Point Of View ◽  
Structured Interviews ◽  
Factors Affecting ◽  
Tourist Attractions ◽  
Income Sources ◽  
Economic Progress ◽  
Key Driver ◽  
Tourism Attractions ◽  
Depth Interviews

Tourism has become one of the major players in ‎international commerce and represents one of the main income ‎sources for many developing countries at the same time. These dynamics have turned tourism into a key driver for socio-‎economic progress.‎ This article described the potential of tourism attraction and factor affecting the development of marine tourism area in the utilization zone of Manusela National Park. Semi-structured interviews, in-depth interviews and participant observations were conducted with respondent (n=110) in Bellarizky, Air Belanda, Ora Beach and Lizar Bahari resort. The potential of tourist attractions in the utilization zone of Manusela National Park is as a snorkeling, diving and point of view. Factors affecting the development are service, transportation, supporting facilities and tourism attractions.

On the displacements of the contours of the optic-electronic space images. Mathematical modeling of displacement

2017 ◽  
Vol 992 (4) ◽  
pp. 32-38 ◽  
Author(s):  
E.G. Voronin
Keyword(s):  
Mathematical Modeling ◽  
Remote Sensing ◽  
Mathematical Model ◽  
Point Of View ◽  
Design Features ◽  
Space Images ◽  
Electronic Imaging ◽  
Measuring Accuracy ◽  
Physical Laws

The article opens a cycle of three consecutive publications dedicated to the phenomenon of the displacement of the same points in overlapping scans obtained adjacent CCD matrices with opto-electronic imagery. This phenomenon was noticed by other authors, but the proposed explanation for the origin of displacements and the resulting estimates are insufficient, and developed their solutions seem controversial from the point of view of recovery of the measuring accuracy of opticalelectronic space images, determined by the physical laws of their formation. In the first article the mathematical modeling of the expected displacements based on the design features of a scanning opto-electronic imaging equipment. It is shown that actual bias cannot be forecast, because they include additional terms, which may be gross, systematic and random values. The proposed algorithm for computing the most probable values of the additional displacement and ways to address some of the systematic components of these displacements in a mathematical model of optical-electronic remote sensing.

Global Economic Management in the 1990s

2018 ◽  
Keyword(s):  
Soviet Union ◽  
International Economy ◽  
Economic Management ◽  
Poor Countries ◽  
Global Management ◽  
Bretton Woods ◽  
Income Gap ◽  
The Us ◽  
New Vision ◽  
Bretton Woods Institutions

In the chapter, Haq considers the challenges for global economic management that the nineties may bring. He highlights five distinct trends that have emerged in the international economy in the previous quarter of a century: the globalization of markets, decline in the influence of the US, emerging importance of China and Soviet Union, and narrowing of income gap between rich and poor countries. In the light of these trends, Haq stresses on the need for a new vision for Bretton Woods institutions to serve a greater role in global management in the decade of the nineties.

Migration, law, democracy: identifiyng where the risk is

2009 ◽  
pp. 139-150
Author(s):  
Javier de Lucas
Keyword(s):  
Rule Of Law ◽  
Point Of View ◽  
Risk Society ◽  
Structural Factors ◽  
The Rule Of Law ◽  
Poor Countries ◽  
Definition Of ◽  
Sans Papiers ◽  
Migratory Movements ◽  
Migration Law

- This paper focuses on migration, law and democracy in order to identify where risk lies. The author concentrates on studying a recent case, the Directive on the Return of so-called illegal immigrants (sans papiers) approved by the European Parliament on 18 June 2008. The usual point of view, that of the dominant discourse, maintains that today's migratory movements constitute one of the structural factors that justify the definition of our societies as the "Risk Society". According to this point of view, the migratory flows entail a risk for social cohesion and even a destabilising potential for both democracy and the rule of law. The risk is illustrated by the menacing image of invasion threatening at our doors, hence the classical argument of the "demographic bomb" as the resource of poor countries. The author's thesis sustains that it is precisely our responses, in the form of migratory policy tools, that constitute a risk factor. Some of these tools, including this Directive, have become destabilising elements of the rules of the game and, moreover, of the values of the rule of law and of democracy.

Reasons, Causes, and Intentional Explanation

1986 ◽  
Vol 8 (1) ◽  
Author(s):  
Frederick Stoutland
Keyword(s):  
Social Sciences ◽  
Human Behavior ◽  
Point Of View ◽  
The Social ◽  
Intentional Explanation ◽  
Covering Law ◽  
Causal Laws ◽  
Physical Laws ◽  
And Behavior

AbstractThe reasons-causes debate concerns whether explanations of human behavior in terms of an agent's reasons presuppose causal laws. This paper considers three approaches to this debate: the covering law model which holds that there are causal laws covering both reasons and behavior, the intentionalist approach which denies any role to causal laws, and Donald Davidson’s point of view which denies that causal laws connect reasons and behavior, but holds that reasons and behavior must be covered by physical laws if reasons explanations are to be valid. I defend the intentionalist approach against the two causalist approaches and conclude with reflections on the significance of the debate for the social sciences.

Survey of Trading Systems for Individual Investors

2011 ◽  
pp. 157-176 ◽  
Author(s):  
M. Kersch ◽  
G. Schmidt
Keyword(s):  
Financial Markets ◽  
Stock Exchange ◽  
Point Of View ◽  
Individual Investors ◽  
Individual Investor ◽  
Trading System ◽  
Trading Systems ◽  
Trading Decisions ◽  
The Individual

Trading decisions in financial markets can be supported by the use of trading algorithms. To evaluate trading algorithms and to generate orders to be executed on the stock exchange trading systems are used. In this chapter, we define the individual investors’ requirements on a trading system, and analyze 17 trading systems from an individual investor’s point of view. The results of our study point out that the best alternative for an individual investor is not one single trading system, but a combination of two different classes of trading systems.

Introduction

2003 ◽  
Keyword(s):  
Molecular Dynamics ◽  
Computational Chemistry ◽  
Mathematical Theory ◽  
Fundamental Equation ◽  
Point Of View ◽  
Scaling Relations ◽  
Approximate Methods ◽  
Computational Speed ◽  
Diverse Field ◽  
Physical Laws

Molecular dynamics deals with the motion of and the reaction between atoms and molecules. The fundamental theory for the description of essentially all aspects of the area has been known and defined through the non-relativistic Schrdinger equation since 1926. The “only” problem, therefore, is the solution of this fundamental equation. Unfortunately, this solution is not straightforward and, as early as 1929, prompted the following remark by Dirac (1929). . . The underlying physical laws necessary for the mathematical theory of a large part of physics and the whole of chemistry are thus completely known, and the difficulty is only that the application of these laws leads to equations much too complicated to be soluble. . . . Dirac could, for that matter, have added the area of molecular biochemistry. But here the systems become even bigger and therefore the above statement is even more correct. What neither Dirac nor anybody else at that time could foresee was the invention of the computer. With that, a whole new area, namely that of computational chemistry, was created. The recent five-volume work Encyclopedia of Computational Chemistry (1998[1]), with several hundred entries, bears witness to the tremendous evolution in this particular area over the last fifty years or so. The success of computational chemistry has to do not only with computers and the increase in computational speed but also with the development of new methods. Here again it should be emphasized that the availability of computers makes the construction of approximate methods a very rich and diverse field with many possibilities. Thus, this combination of computer power and the invention of theoretical and computational methods has changed the pessimistic point of view into an optimistic one. To quote Clementi (1972), “We can calculate everything.” Although this statement, at least in 1972, was somewhat optimistic, development since then has shown that the attitude should be quite optimistic. The purpose of approximate methods should be, and always is, to try to circumvent the bad scaling relations of quantum mechanics.

scholarly journals The Arab world amidst the global financial crisis of 2008–2009

2010 ◽  
Vol 3 (1) ◽  
pp. 38-52
Author(s):  
Shalendra D. Sharma
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Global Financial Crisis ◽  
Arab World ◽  
The United States ◽  
Arab Countries ◽  
Financial Contagion ◽  
Poor Countries ◽  
Resource Poor ◽  
The Global Financial Crisis

When the problems in the United States housing sector mushroomed into a global financial crisis by September 2008, it was assumed that Arab countries would remain immune: the oil-rich Gulf Cooperation Council (GCC) countries because of their massive financial reserves, and the resource-poor countries because of their limited linkages to the global economic system – in particular, the global financial markets. However, this assumption has proven to be false. The US subprime mortgage collapse not only pushed the advanced economies into recession, but also it shattered global economic confidence, resulting in a massive financial contagion around the world. What explains the Arab World's vulnerability to the crisis? How has the crisis impacted both the resource rich and the resource poor? How have Arab countries responded to the crisis, and what must they do to insulate their economies better from the vagaries of global financial markets? This paper addresses these questions.

Die Stabilität von Finanzmärkten:Wie kann die Wirtschaftspolitik Vertrauen schaffen?

2006 ◽  
Vol 55 (1) ◽  
Author(s):  
Theresia Theurl ◽  
Jan Pieter Krahnen ◽  
Thomas P. Gehrig
Keyword(s):  
Credit Risk ◽  
Financial Markets ◽  
Financial Market ◽  
Financial Institutions ◽  
Banking Sector ◽  
Public Awareness ◽  
Credit Derivatives ◽  
Point Of View ◽  
Regulatory Oversight ◽  
The Creation

AbstractFrom Theresia Theurl’s point of view financial markets exhibit certain features that turn them inherently unstable. Therefore, economic policy measures were necessary and advisable, but they should not take the shape of isolated and selected interventions. Rather, these measures of financial market supervision and regulation had to be integrated into a comprehensive concept of micro- and macroeconomic policy in order to allow the creation of stabilizing trust.In his contribution, Jan Pieter Krahnen maintains, that the systemic risk of banks and financial institutions has changed and risen in recent years. According to his view, this is due to a more widespread use of credit derivatives. Although they may cause a more efficient distribution of credit risk in the banking sector, at the same time they could mean a higher vulnerability of the banking sector to system-wide contagion effects of credit risk. As such, financial market supervision as well as the Basel II rules on Capital Standards should take into account not only the credit risk exposure of individual financial institutions, but also correlation measures of their share prices.For Thomas Gehrig, empirical anomalies demonstrate the relevance of awareness and trust in financial markets. This note would argue in favor of social policies that enhance public awareness in financial markets as a basis for trust. And so naturally, these policies need to be complemented by a strong financial order that aims at minimizing behavioral risks. He says, trust requires a regulatory framework that reduces manipulation by private as well as public interests. A competitive order complemented by strong regulatory oversight may go a long way towards generating liquid financial markets and the creation of trust. Trust by individuals, however, would be most strongly encouraged when individuals are entrusted in managing their own financial market activities including their own pension arrangements.

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