Comparison of Fractional Model and Two Part Model for the Mortgage Risk Behaviours of Prepayment Assessment

2012 ◽  
Vol 488-489 ◽  
pp. 1248-1251
Author(s):  
Hsin Hung Chen ◽  
Cheng Chung Wu
Keyword(s):  
Policy Decision ◽  
Point Of View ◽  
Risk Behaviours ◽  
Predictive Capacity ◽  
Fractional Model ◽  
Mortgage Risk ◽  
Part Model

This paper has debated between fractional and two part models in the context of prepayment behaviour, applications where a large proportion of zero observations are typically found. The predictive capacity in this paper is to provider the direction of consideration and very good fit result to the behaviours of prepayment for bank. From the perspective of practitioners, it could point of view the characteristics of borrowers of each variable would seem to be choosing in this paper. This paper also provides the simply looking at the extent to which policy decision of bank conclusions would differ depending upon the characteristics of customers’ behaviour consideration.

Application of Fractional Model and Two Part Model to Evaluation on Mortgage Risk of Default Behaviour

2011 ◽  
Vol 214 ◽  
pp. 503-507
Author(s):  
Yueh Cheng ◽  
Cheng Chung Wu ◽  
W Hsiang Lin
Keyword(s):  
Policy Decision ◽  
Point Of View ◽  
Predictive Capacity ◽  
Fractional Model ◽  
Mortgage Risk ◽  
Part Model

This paper has debated between fractional and two part models in the context of default behaviour, applications where a large proportion of zero observations are typically found. The predictive capacity in this paper is to provider the direction of consideration and very good fit result to the behaviour of default for bank. From the perspective of practitioners, it could point of view the characteristics of borrowers of each variable would seem to be choosing in this paper. This paper also provides the simply looking at the extent to which policy decision of bank conclusions would differ depending upon the characteristics of customers’ behaviour consideration.

Basic principles of Russian foreign policy under Vladimir Putin

Upravlenie ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 116-122
Author(s):  
Sadeghi Elham Mir Mohammad ◽  
Ahmad Vakhshitekh
Keyword(s):  
Foreign Policy ◽  
International Relations ◽  
World Order ◽  
Policy Decision ◽  
Point Of View ◽  
Russian Foreign Policy ◽  
National Interests ◽  
Basic Principles ◽  
Interstate Relations ◽  
The Moment

The article considers and analyses the basic principles and directions of Russian foreign policy activities during the presidency of V.V. Putin from the moment of his assumption of the post of head of state to the current presidential term. The authors determine the basic principles of Russia's foreign policy in the specified period and make the assessment to them. The study uses materials from publications of both Russian and foreign authors, experts in the field of political science, history and international relations, as well as documents regulating the foreign policy activities of the highest state authorities. The paper considers the process of forming the priorities of Russia's foreign policy both from the point of view of accumulated historical experience and continuity of the internal order, and in parallel with the processes of transformation of the entire system of international relations and the world order. The article notes the multi-vector nature of Russia's foreign policy strategy aimed at developing multilateral interstate relations, achieving peace and security in the interstate arena, actively countering modern challenges and threats to interstate security, as well as the formation of a multipolar world. The authors conclude that at present, Russia's foreign policy activity is aimed at strengthening Russia's prestige, supporting economic growth and competitiveness, ensuring security and implementing national interests. Internal political reforms contribute to strengthening the political power of the President of the Russian Federation and increasing the efficiency of foreign policy decision-making.

The Success of Rosé Wine in France: The Millennial Revolution

2021 ◽  
pp. 193896552199313
Author(s):  
Thierry Lorey
Keyword(s):  
Millennial Generation ◽  
Social Representation ◽  
Point Of View ◽  
Predictive Capacity ◽  
Five Dimensions ◽  
Wine Consumption ◽  
Baby Boomer Generation ◽  
Sociocultural Model ◽  
Generational Groups ◽  
Rosé Wine

Rosé wine consumption in France has tripled since 1992 and, in 2020, accounts for a third of the total national consumption. The objective of our article is to analyze the revolutionary success of rosé wine in France in the Millennial Generation. We mobilize the concept of social representation, which constitutes an understanding of the social transformations in progress for a given social group. We carry out in-depth qualitative research based on conversations with millennial rosé wine consumers. Our results show that the representations of rosé wine for this group are based on five dimensions: (a) product quality and refusal of sophistication, (b) color of the rosé wine, (c) freedom, (d) immediate pleasure and sharing with friends, and (e) its feminine personality. This transgressive capital explains the consumption behaviors of the Millennial Generation reflecting the group’s will to break traditional wine codes familiar to previous generational groups. This sociocultural model differs from that of the Baby Boomer Generation, which was marked by the valorization of terroir and sophistication and based on masculine archetypes and red wine. Rosé wine thus marks a generational and sociological break in the representations of wine in France, which we can describe as a rosé wine revolution in the 21st century. The predictive capacity of the Millennial Generation suggests a growth in rosé wine consumption in the years to come. We recommend to rosé wine producers seven strategic axes, which reconcile the point of view of the producer and the consumer.

ANALISIS KEBIJAKAN ALBA & PETROCARIBE NICOLAS MADURO MOROS UNTUK MENGHADAPI DOMINASI POLITIK NEOLIBERALISME AMERIKA SERIKAT DI VENEZUELA PADA TAHUN 2015 - 2017

2020 ◽  
Vol 2 (2) ◽  
Author(s):  
Laode Muhamad Fathun
Keyword(s):  
Foreign Policy ◽  
Policy Decision ◽  
The United States ◽  
Point Of View ◽  
Primary Data ◽  
Economic Point ◽  
The People ◽  
The Social ◽  
Psychological Point ◽  
Negative Effect

Poverty in this country. During the reign of Chavez and Maduro the people felt a little prosperity again, but this is what America hates because America is finding it difficult to implement its neoliberalism policy in Venezuela. After the events that continue to happen, Maduro does not remain silent. Namely by continuing Chavez's socialist policies. Here the researcher uses the theory of foreign policy decision making by Alex Mintz to explain what factors influence Maduro policy and here the researcher uses the concept of national interest to explain what Maduro's interests are in this policy, this research methodology is qualitative explanatory using interviews as data. secondary and librarian as primary data. This research finds 4 main factors in Nicolas Maduro's foreign policy. From the social condition of Venezuela itself which is very crisis-ridden to the point where there is a split between the layers of society, Maduro finally does not listen to the people's complaints to him, then from a psychological point of view, Maduro, who really hates the United States, has a very tough mindset that he is too confident in his beliefs. In order to be able to fight America, in the end his belief was not in accordance with expectations and instead had a negative effect. Therefore, it is clear that emotions play an important role in important political decisions. From an economic point of view, Venezuela is no longer able to support its own country in economic terms. If this country supports itself, there will be greater destruction

scholarly journals Meaningful work, work and life satisfaction: Spanish adaptation of Work and Meaning Inventory Scale

2021 ◽  
Author(s):  
Isabel Duarte-Lores ◽  
Gladys Rolo-González ◽  
Ernesto Suárez ◽  
Cristina Chinea-Montesdeoca
Keyword(s):  
Life Satisfaction ◽  
Personal Development ◽  
Subjective Experience ◽  
Health Workers ◽  
Meaningful Work ◽  
Point Of View ◽  
Occupational Activity ◽  
Predictive Capacity ◽  
Factorial Model ◽  
Satisfaction Measures

AbstractMeaningful work is the subjective experience that work has meaning and is understood as an avenue for personal development, from a eudaimonic point of view. The aim of this study is to adapt the WAMI scale of meaningful work to Spanish, as well as to explore its relationship with job and life satisfaction. Two independent studies were developed. A first study analyzed the consistency of the original factorial model using a sample of Spanish varied workers (N = 350) through a confirmatory factor analysis. Results show an adequate replication of the original model and the validity of the Spanish version. A second study addressed the predictive capacity of the scale in relation to two satisfaction measures in a sample of Spanish health workers (N=312), through a mediation analysis. The relationship between meaningful work and job satisfaction is mediated by life satisfaction. The idea of meaningful work as a eudaimonic construct discards it as a variable resulting from or consequence of work, as it is an inherent part of occupational activity itself.

THE ROLE OF INTELLIGENCE SERVICES IN AMERICAN FOREIGN POLICY. CASE STUDY: THE WAR IN AFGHANISTAN (1979-1989)

2021 ◽  
Vol 79 (2) ◽  
pp. 133-144
Author(s):  
Daniel-Mihai DUȚU
Keyword(s):  
Foreign Policy ◽  
American Foreign Policy ◽  
Policy Decision ◽  
Point Of View ◽  
Decision Making Process ◽  
Intelligence Services ◽  
Policy Decision Making ◽  
Soviet Invasion

This paper aims to present the role of intelligence services in the American foreign policy using as a case study the Afghan conflict from 1979-1989. Thus, this paper underlines the actions (or inactions) of the American intelligence services, highlighting their limitations from this period. It is important to describe the context that contributed to the start of the soviet invasion in Afghanistan and the two perspectives (American and Soviet) over the conflict. In this regard, we considered necessary an analysis on the Soviet point of view regarding the conflict and, most importantly, concerning the American involvement, having in mind the purpose of objectiveness while presenting the context and events. Using the relevant documents, testimonies and statements of former CIA officials from that period, the paper underlines the way foreign policy decisions were taken by the Administrations from Washington, during the Soviet-Afghan war, and how American intelligence services influenced the foreign policy decision-making process and the evolution of the conflict.

scholarly journals A Multicriteria Approach to Modelling Pandemic Response under Strong Uncertainty: A Case Study in Jordan

2021 ◽  
Vol 14 (1) ◽  
pp. 81
Author(s):  
Love Ekenberg ◽  
Adriana Mihai ◽  
Tobias Fasth ◽  
Nadejda Komendantova ◽  
Mats Danielson ◽  
...  
Keyword(s):  
Decision Making ◽  
Risk Mitigation ◽  
National Policy ◽  
Policy Decision ◽  
Point Of View ◽  
Mitigation Measures ◽  
Future Challenges ◽  
Containment Measures ◽  
Criteria Weights ◽  
Relevant Stakeholder

In responding to the COVID-19 pandemic, evidence-based policymaking and risk mitigation have been confronted with limited decision-making mechanisms under conditions of increased uncertainty. Such methods are particularly called for in contexts where reliable data to a large extent are missing and where the chosen policy would impact a variety of sectors. In this paper, we present an application of an integrated decision-making framework under ambiguity on how to contain the COVID-19 virus spread from a national policy point of view. The framework was applied in Jordan and considered both local epidemiologic and socioeconomic estimates in a multistakeholder multicriteria context. In particular, the cocreation process for eliciting attitudes, perceptions, and preferences amongst relevant stakeholder groups has often been missing from policy response to the pandemic, even though the containment measures’ efficiency largely depends on their acceptance by the impacted groups. For this, there exist several methods attempting to elicit criteria weights, values, and probabilities ranging from direct rating and point allocation methods to more elaborated ones. To facilitate the elicitation, some of the approaches utilise elicitation methods whereby prospects are ranked using ordinal importance information, while others use cardinal information. Methods are sometimes assessed in case studies or more formally by utilising systematic simulations. Furthermore, the treatment of corresponding methods for the handling of the alternative’s values has sometimes been neglected. We demonstrate in our paper an approach for cardinal ranking in policy decision making in combination with imprecise or incomplete information concerning probabilities, weights, and consequences or alternative values. The results of our cocreation process are aggregated in the evaluation of alternative mitigation measures for Jordan, showcasing how a multistakeholder multicriteria decision mechanism can be employed in current or future challenges of pandemic situations, to facilitate management and mitigation of similar crises in the future, in any region.

scholarly journals Reflections on local participatory democracy in Latin America

2018 ◽  
Vol 52 (6) ◽  
pp. 1108-1124
Author(s):  
Felipe Addor
Keyword(s):  
Latin America ◽  
Public Space ◽  
Latin American ◽  
Participatory Democracy ◽  
Local Level ◽  
Policy Decision ◽  
Point Of View ◽  
Local Power ◽  
Popular Participation ◽  
The Public

Abstract This work presents reflections on the field of participatory democracy in Latin America, based on the analysis of the experiences of Cotacachi in Ecuador, and Torres in Venezuela, which are examples of great popular participation at the local level. The study proposes to interpret the experiences from a Latin American point of view, considering the singularities of each municipality analyzed. The aim is to identify which factors contribute to the emergence and consolidation of mechanisms of participation in the public policy decision-making process. In order to approximate the democratic theory of the context of Latin America, the study presents an analysis structured in two relevant concepts for the theory: agency and public space. These concepts were essential to identify which factors allowed the creation and consolidation of practices of participatory democracy at the local level. The analysis of the experiences resulted in a list of seven factors that were fundamental for their advancement and diffusion, factors that may represent important guidelines for the development of new democratic practices in countries of the region. Finally, the study present some reflections on the challenges that must be overcome to expand the local power and popular participation in Latin America.

scholarly journals Inflation: A Malaysia Story

2019 ◽  
Vol 8 (6S3) ◽  
pp. 132-135
Keyword(s):  
Decision Making ◽  
Price Index ◽  
Price Level ◽  
Consumer Price Index ◽  
Policy Decision ◽  
Point Of View ◽  
Average Price ◽  
Goods And Services ◽  
Policy Decision Making ◽  
Sustained Increase

Inflation in economics is defined as “a persistent and sustained increase in the aggregate or average price level of goods and services in an economy”. Inflation is mysterious where it can effect economy in various ways, either positive or negative. Inflation is measured using Consumer Price Index (CPI). Thus, this paper presents the story of inflation from Malaysia point of view. This paper also outlines the basic concept of inflation as its understanding is vital for policy decision-making.

scholarly journals Revisiting the Valuable Roles of Global Financial Assets for International Stock Markets: Quantile Coherence and Causality-in-Quantiles Approaches

Mathematics ◽  
2021 ◽  
Vol 9 (15) ◽  
pp. 1750
Author(s):  
Zhenghui Li ◽  
Zhiming Ao ◽  
Bin Mo
Keyword(s):  
Stock Markets ◽  
Predictive Ability ◽  
Point Of View ◽  
Financial Assets ◽  
Short Term ◽  
Predictive Capacity ◽  
High Quantiles ◽  
Stock Indexes ◽  
The Impact

We employ the quantile-coherency approach and causality-in-quantile method to revisit the roles of Bitcoin, U.S. dollar, crude oil and gold for USA, Chinese, UK, and Japanese stock markets. The main results show that the impact of global financial assets varies across different investment horizons and quantiles. We find that in most cases, the correlation between global financial assets and stock indexes is not significant or is weakly positive. From the perspective of investment horizons (frequency domain), the correlation in the short term is mostly manifested in Bitcoin, while in the medium and long term it is shifted to dollar assets. At the same time, the relationships are significantly higher in the medium and long term than in the short term. From the point of view of quantiles, it shows a weak positive correlation at the lower quantile. However, the correlation between the two is not significant at the median quantile. At the high quantiles, there is a weak negative linkage. According to the causality-in-quantiles approach results, in most cases global financial assets have different degrees of predictive capacity for the selected stock markets. Especially around the median quantile, the predictive ability was strongest.

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