scholarly journals Un modèle mensuel du secteur financier au Canada

2009 ◽  
Vol 52 (2) ◽  
pp. 169-184 ◽  
Author(s):  
Paul Masson ◽  
Kevin Clinton
Keyword(s):  
Interest Rates ◽  
Mortgage Loan ◽  
Annual Data ◽  
Dynamic Adjustment ◽  
Monthly Data ◽  
The Public ◽  
Liability Management ◽  
Conventional Models ◽  
Observation Period

Abstract In this article we describe preliminary estimates of a model of the Canadian financial system. At the present time, the model explains the behaviour of the authorities, the chartered banks, the public, and the trust and mortgage loan companies. The variables explained include monetary aggregates, several interest rates, and the major assets of the chartered banks and of the trust and mortgage loan companies. The model differs from existing Canadian models in that we use monthly data rather than quarterly or annual data. We think the shorter observation period permits the econometric estimates to capture the dynamic adjustment processes more accurately. In particular, the mean lags implied by our equations tend to be considerably shorter than those in existing models. Another difference with conventional models is the larger influence given to asset and liability management of the chartered banks in the determination of short-term interest rates. The model is intended primarily for forecasting, and results are presented which indicate its usefulness in that regard.

scholarly journals SYARI'AH OPTIMIZATION OF BUSINESS THEORY IN PREVENTING RIBA PRACTICES IN MURABAHAH CONTRACT (Case Study at Muamalat Indonesian Bank)

2019 ◽  
Vol 4 (1) ◽  
pp. 563
Author(s):  
Saiful Muchlis
Keyword(s):  
Interest Rates ◽  
Phenomenological Approach ◽  
Analysis Techniques ◽  
Interview Method ◽  
Liability Management ◽  
Three Stages ◽  
Enterprise Theory ◽  
Research Show

This study aims to (1) determine the determination of the murabahah contract margin from the Asset / Liability Management Committee (ALCO) perspective, (2) know the Shari'ah Enterprise Theory (SET) approach in realizing the murabahah contract margin system in accordance with sharia principles. This research is a qualitative research using an interpretive paradigm with a phenomenological approach that takes the location of research at Bank Muamalat Indonesia. Data collection was carried out using the interview method with informants and some other secondary supporting data obtained from the entity's official website. The data management and analysis techniques are carried out through three stages, namely through data reduction, data presentation and conclusion drawing (verification).The results of the research show that the implementation of the Murabahah contract margin system at Bank Muamalat Indonesia is considered not to have fully implemented the sharia concepts and principles. This is because the ALCO Team is still based on the BI (Bank Indonesia) rate so that the determination of margins is still in accordance with the prevailing interest rates at Bank Indonesia. Thus, it can be said that Bank Muamalat still contains elements of usury because it makes BI interest rates as a material consideration in determining the applicable margin in Islamic banks. So that SET is considered able to realize the murabahah contract margin system because it contains the values of justice, truth, honesty, trustworthiness and accountability and is expected to complement or improve the margin system of the murabahah agreement to conform to the actual sharia principles.

Determination of Optimal Public Transportation Routes Using Firefly and Tabu Search Algorithms

2020 ◽  
Vol 4 (5) ◽  
pp. 884-891
Author(s):  
Salwa Salsabila Mansur ◽  
Sri Widowati ◽  
Mahmud Imrona
Keyword(s):  
Tabu Search ◽  
Public Transportation ◽  
Traffic Congestion ◽  
Search Algorithm ◽  
Urban Transportation ◽  
The Public ◽  
Comparison Results ◽  
Congestion Problems ◽  
Transportation Routes

Traffic congestion problems generally caused by the increasing use of private vehicles and public transportations. In order to overcome the situation, the optimization of public transportation’s route is required particularly the urban transportation. In this research, the performance analysis of Firefly and Tabu Search algorithm is conducted to optimize eleven public transportation’s routes in Bandung. This optimization aims to increase the dispersion of public transportation’s route by expanding the scope of route that are crossed by public transportation so that it can reach the entire Bandung city and increase the driver’s income by providing the passengers easier access to public transportations in order to get to their destinations. The optimal route is represented by the route with most roads and highest number of incomes. In this research, the comparison results between the reference route and the public transportation’s optimized route increasing the dispersion of public transportation’s route to 60,58% and increasing the driver’s income to 20,03%.

Pengaruh Likuiditas, Pertumbuhan Kredit, Efisiensi, dan Kecukupan Modal Terhadap Profitabilitas

2020 ◽  
Vol 1 (1) ◽  
pp. 27-35
Author(s):  
Lia Hendrawati ◽  
Said Djamaludin
Keyword(s):  
Stock Exchange ◽  
Growth Efficiency ◽  
Research Data ◽  
Capital Adequacy ◽  
Annual Data ◽  
Significant Positive Effect ◽  
Credit Growth ◽  
Negative Effect ◽  
Positive Effect ◽  
Observation Period

This study to examine and analyze the effect of liquidity, credit growth, efficiency, and capital adequacy on the Bank’s profitability listed on the IDX partially and simultaneously. The research data are annual data for the 5-year observation period (2009-2013). This research was conducted at 33 banks listed on Indonesia Stock Exchange. Banks Analyzed that met the population criteria were 23 banks. The analytical method used in multiple linier regression. The results showed that liquidity, credit growth, efficiency, and capital adequacy together (simultaneously) significantly influence profitability. Partially,  liquidity has a significant positive effect on profitability, while efficiency has a significant negative effect. Credit growth and capital adequacy have no significant effect on profitability. Liquidity is the variable that has the biggest effect on the Bank’s profitability. 

scholarly journals Intergenerational Upward (Im)mobility and Political Support of Public Education Spending

2021 ◽  
Author(s):  
Debora Di Gioacchino ◽  
Laura Sabani ◽  
Stefano Usai
Keyword(s):  
Public Education ◽  
Political Support ◽  
Public Expenditures ◽  
Education Spending ◽  
The Public ◽  
Education Decisions ◽  
Low Education ◽  
Public Education Spending ◽  
Country Specific

AbstractThis paper provides a simple model of hierarchical education to study the political determination of public education spending and its allocation between different tiers of education. The model integrates private education decisions by allowing parents, who are differentiated according to income and human capital, to top up public expenditures with private transfers. We identify four groups of households with conflicting preferences over the the size of the public education budget and its allocation. In equilibrium, public education budget, private expenditures and expenditure allocation among different tiers of education, depend on which group of households is in power and on country-specific features such as income inequality and intergenerational persistence in education. By running a cluster analysis on 32 OECD countries, we seek to establish if distinctive ‘education regimes’, akin to those identified in the theoretical analysis, could be discerned. Our main finding is that a high intergenerational persistence in education might foster the establishment of education regimes in which the size and the allocation of the public budget among different tiers of education prevent a stable and significant increase of the population graduation rate, thus plunging the country in a ‘low education’ trap.

Molecular characterization of plasmid-mediated quinolone resistance (PMQR) and ESBLs-producing Klebsiella pneumonia isolated from an Iranian teaching hospital

2021 ◽  
Author(s):  
Hamid Talebzadeh ◽  
Hamid Mellali ◽  
hamid solgi
Keyword(s):  
Teaching Hospital ◽  
Strong Association ◽  
Control Measures ◽  
Klebsiella Pneumonia ◽  
The Public ◽  
Isfahan Province ◽  
Clonal Distribution ◽  
Cross Transmission

Abstract Background The spread of plasmid-mediated multidrug resistance in Klebsiella pneumonia is a serious threat to the public health. We investigated the clinical characteristics and molecular epidemiology of K. pneumoniae isolated at a teaching hospital in Iran. Methods A total of 50 third-generation cephalosporins resistant K. pneumoniae strains were collected from patients’ clinical cultures. Antibiotic susceptibility testing and determination of MIC values for ceftazidime, cefotaxime and ciprofloxacin were performed. PCR and DNA sequencing were used to assess the presence of ESBL genes (blaCTX−M, blaTEM, blaSHV) and PMQR genes (qnrA, qnrB, qnrS, qepA, oqxA, oqxB and aac(6)-Ib-cr). Multilocus sequence typing (MLST) was performed on the strains to assess homology. Results Our results showed that the rates of resistance to all of antibiotics is high. All 50 K. pneumoniae strains harboured at least one of the ESBL resistance determinants. The blaCTX−M−15 gene was the major ESBLs determinant found in K. pneumoniae (88%; 44/50). PMQR was detected in 96% of the isolates and aac(6′)-Ib-cr was the most common (78% 39/50) followed by oqxA 36 (72%), oqxB 34 (68%), qnrS 20 (40%), qnrB 14 (28%) and qepA 1 (2%). MLST identified seven sequence types (STs), with the most common being ST11 (19/39). There was a strong association between PMQR genes (especially aac(6′)-Ib-cr) and ESBL genes. Conclusion The widespread detection of ESBLs-producing K. pneumoniae that co-carried PMQR determinants has become a threat to the treatment of infections in Isfahan Province of center Iran. Our findings suggest that K. pneumoniae ST11 and ST893 has a clonal distribution in our hospital. Therefore, this study highlighted the crucial need for implementing strict control measures to prevent cross transmission of these endemic clones.

Spillover effects of financial development on the informal economic activity

2020 ◽  
Vol 13 (3) ◽  
pp. 471-482
Author(s):  
Salih Katircioglu ◽  
Hatice Imamoglu
Keyword(s):  
Interest Rates ◽  
Financial Development ◽  
Informal Economy ◽  
Economic Activity ◽  
Missing Values ◽  
Spillover Effects ◽  
Ordinary Least Squares ◽  
Annual Data ◽  
Content Type ◽  
Cointegration Tests

Purpose This study aims to investigate the role and spillover effects of the financial sector on the size of the informal economic activity in Turkey. Design/methodology/approach Time series analysis has been adopted for annual data of the 1970-2017 period. New approaches in unit root and cointegration tests have been used in this study. Estimations have been done via dynamic ordinary least squares and fully modified ordinary least square approaches. Findings Results confirm the existence of a long-run equilibrium relationship between the financial system and informal economic activities in Turkey. At the earlier stages of financial development (FD), informality tends to rise while in further stages, informality tends to decline over time. This study confirms the U-shaped relationship between FD and the informal economy in Turkey. Research limitations/implications This study has used logarithmic values of series in the econometric analysis except for real interest rates because of negative values in some periods. Thus, by using level forms of real interest, missing values would be avoided. Practical implications Increasing efficiency, control and institutional quality, as well as the quality of governance environment, would be useful tools in reducing the size of informality, as this study finds that spillover effects of financial services on the informal economic activity are adverse. Originality/value This study is the first of its kind to the best of the knowledge in the case of Turkey, which estimates the spillover effects of FD on informal economic activity.

scholarly journals Analysis of Housing Market Dynamics Considering the Structural Characteristics of Mortgage Interest

2021 ◽  
Vol 13 (19) ◽  
pp. 10523
Author(s):  
Insoo Baek ◽  
Sanghyo Lee ◽  
Joosung Lee ◽  
Jaejun Kim
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Housing Market ◽  
Structural Characteristics ◽  
Housing Demand ◽  
Market Mechanism ◽  
Policy Implications ◽  
Mortgage Loan ◽  
Market Mechanisms ◽  
The Government

Mortgage loan interest rates consists of base interest and spread. In general, the base interest is adjusted by the government for the sustainability of the housing market. On the other hand, spread is determined by market mechanisms. Accordingly, the change pattern of base interest and spread may appear differently depending on the market situation. In the end, the effect of the government’s market intervention through interest rate policy may be different than expected. In this respect, the purpose of this paper is to analyze the effects of base interest and spread of the mortgage loan interest rate on the housing market and to derive important policy implications for the sustainability of the housing market. As a result of this study, the ineffectiveness of the government’s interest rate policies on the stability of the housing market was confirmed. The market mechanisms had more significant effects on the sustainability of the housing market than artificial political intervention. Further, housing supply policies based on the market mechanism could be more effective than housing demand policies based on interest-rate adjustments.

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