default and the foundations of market discipline

... proofreading this thesis I also owe a debt of gratitude to Professor Richard Russell and Ms Sandy McConachy for introducing me to the University of Adelaide and helping me apply for the Beacon of ... for the degree of Doctor of Philosophy (PhD), School of Accounting and Finance, Business School, The University of Adelaide January 2018 Trang 2TABLE OF CONTENTS TABLE OF CONTENTS i LIST OF ... to the provisions of the Copyright Act 1968 I also give permission for the digital version of my thesis to be made available on the web, via the University’s digital research repository, the

Ngày tải lên: 17/04/2018, 21:52

... raised for the crude causal theory of meaning These are what may be called the problem of error and theproblem of fine grain.A naturalized account of semantics must address the content of beliefs, ... sequence, and the proportion of this subset relative to the total number of possible input sequences indicates how much we have refined our understanding of the X sequence through the observation of the ... λilogλi.Equally, if one does not know the output of the classical source on a given run of theCHAPTER 1 CONCEPTS OF INFORMATION 25 preparation procedure, then the state of the individual system prepared

Ngày tải lên: 01/06/2022, 08:44

... account their situation tomorrow.?- They understand that they have to pay back the inflation cost of their fiscal laxity tomorrow and this will affect their fiscal decisions today The higher the ... cost they have to pay tomorrow, the less they will spend today This punishment mechanism is one side of the whole story The dynamics of my model also enables me to explore the other side of the ... political and electoral system The rational and forward- looking voters dislike the overspending of the Left and know that the Left party would spend even more under flexible regime With the choice of

Ngày tải lên: 07/03/2014, 02:20

... metallic standard, thevalue of money is not really derived fromgold The fact is, that the necessity ofredeeming the money they issue in gold,places upon the issuers a discipline whichforces them to ... Menger,and he told them, Well, if you want to escape theeffect of the depreciation of silver on your currency, stop the freecoinage of silver, stop increasingthe quantity of silver coin, and youwill ... asilver standard and the depreciation of silverbrought the rupee down lower and lower tillthe Indian government decided to stop thefree coinage; and again the silver coinsbegan to float higher and

Ngày tải lên: 06/03/2017, 10:20

... on the character of obligation, the making of markets and the character of affect in the entanglements of debt today smash-Bill Maurer, Dean of the School of Social Sciences and Professor of ... temptation’: the lure of 2 In the fold of default: living with market attachments 44 Unfolding the life of default: calculation and the capture of Trang 11The transatlantic transfer of consumer ... social theory, has argued for the value of attending to the central role of ‘sentiment’ in markets; the ‘trick’ of markets, she writes, ‘is all in the orchestration of technique and sentiment; in the

Ngày tải lên: 29/03/2018, 13:12

... reduce PD The Trang 21explanation of the cause of this finding is the complicated legal procedure in pledging and liquidating lands and buildings Moreover, the process of liquidating lands and buildings ... means the longer the loan duration is, the lower the PD of that loan is and the same as in case of size of loans The model is controlled for professions of borrowers, timely factors and regions that ... invest and shift their investment into high quality projects to prevent asset loss in cases of default (Berger et al, 2011) and therefore decreases the PD Furthermore, in the extent of high level of

Ngày tải lên: 03/01/2019, 00:09

... development of green product design, standardization, and reduces the negative collision of the product on the original nature Typically, the used phase and the discard phase of the product which ... resources and capabilities in the area of human, financial resources, and research, and marketing, thus they will fall without globalizing their activities In the market turbulent conditions, the globalization ... Moreover, the conclusion of this study aims to evaluate the impact of GE on development of SMEs in market turbulence conditions The remainder of this study is established as follows: A discussion of the

Ngày tải lên: 29/05/2019, 21:01

... development of green product design, standardization, and reduces the negative collision of the product on the original nature Typically, the used phase and the discard phase of the product which ... resources and capabilities in the area of human, financial resources, and research, and marketing, thus they will fall without globalizing their activities In the market turbulent conditions, the globalization ... Moreover, the conclusion of this study aims to evaluate the impact of GE on development of SMEs in market turbulence conditions The remainder of this study is established as follows: A discussion of the

Ngày tải lên: 27/10/2019, 12:33

... Socialism and Leaving the State: The End of Yugoslavia, the Soviet Union, and Czechoslovakia Continued after the index Trang 7The Foundations of Ethnic PoliticsSEPARATISM OF STATES AND NATIONS ... different parts of the world (not just Eurasia) The case comparisons ing Ukraine and Uzbekistan, therefore, are not meant to document a completehistory of either of these republics, and the book does ... terms of groups so that they can then ascribe positive traits to their own group andnegative traits to other groups, thereby raising their own self-esteem The corepropositions of this theory

Ngày tải lên: 09/11/2019, 00:05

... population theory at the University of Bremen Their first joint publication was 'The Significance of "The Wealth of Nations" for an Eco-nomic Theory of the Production of Population' (Heinsohn and ... to be rewritten Another strand of work became the analysis and critique of the new European central banking system (the Eurosystem) and the introduction of the Euro (Heinsohn and Steiger 2002b, ... [hypothecation, division and sale], the prohibition to lease and the requirement to utilize the property, the right of ownership over the property resulting from the land reform was stripped of the essential

Ngày tải lên: 09/01/2020, 08:54

... the Markets They Made Contemporary Americans reside inside the myth of the marketplace We imagine that the marketgoverns the cost of merchandise at the mall, the wages awarded factory workers and ... market talk has oftenencouraged us to misunderstand how those markets were created and how they operated Thepresident of the United States was and remains a key actor in the organization of markets ... created the Office of the Comptroller of the Currency to oversee the new system of national banks The comptroller’s office operated as a largelyindependent agency within the Department of the Treasury

Ngày tải lên: 09/01/2020, 09:47

... for the Senate Finance Committee on the causes of thecrash of the markets They thought I was an old fool and paid little attention to me Since the collapse of Enron at the end of 2001, much of ... exacerbation of the 1960s, but more concentrated, and then ended up astheir economic and investment polar opposite The decade featured the devaluation of the dollar andthe oil embargo, both of which ... home of Benjamin Graham, under the assumption thatthey would understand the logic of my analysis They did, and offered a winning bid for the company that ultimately netted them a profit of severalmillion

Ngày tải lên: 09/01/2020, 10:04

... currently made of the concept of information in physics, following the rapid growth of the fields of quantum information theory and quantum computation These are new and exciting fields of physics ... information is that the greater the uncertainty of this distribution, the more we stand to gain from learning the outcome of the experiment In the case of the Shannon information, this notion of how much ... information theory is emphatically not information in the everyday sense of the word The following table provides a summary of some of the points that have been argued and of some of the positions...

Ngày tải lên: 17/03/2014, 14:42

... science of the seventeenth century is not the science of today, it laid the foundations for the study of the cosmos, matter, motion, life processes, and the means of acquiring knowledge of them ... of science were the German states, England, France, the Low Countries, and the Duchy of Tuscany and the Republic of Venice in Italy In the course of those two centuries the trend within all these ... and practices of the Catholic Church with respect to the role of priests, the sacraments, the Mass, and the organization and governance of the Church, new attitudes arose about the relation of...

Ngày tải lên: 06/07/2014, 15:32

... (1) where Δet is the change in the logarithm of the exchange rate at time t The mean of the exchange rate returns process, μ, the autocorrelation coefficient, ρ, and the variance of the innovation, ... measured by the Bloomberg survey For the other eighteen instances, the market was either surprised that the MPC changed the policy rate or was surprised by the extent of the change There were ... on the MPC and the UK monetary policy process, see Bean (2001) and www.bankofengland.co.uk/monetarypolicy/ framework.htm These are published at www.bankofengland.co.uk Vol No Bank of England...

Ngày tải lên: 06/03/2014, 14:20

... also a number of disadvantages Many of the basic inputs to the KMV model ± the value of the ®rm, the volatility and the expected value of the rate of return on the ®rmÕs assets ± cannot be directly ... amount F ± then the equity holders pay o€ the debt holders and retain the ®rm If the value of the ®rmÕs assets is less than the face value, the equity holders default on their obligations There are ... if the default free spot interest rate increases, keeping the value of the ®rm constant, the mean of the assetÕs probability distribution increases and the probability of default declines As the...

Ngày tải lên: 15/03/2014, 04:20

... at the end of the month prior to the start of the maintenance period that the operation falls under Write-offs and provisions and return on assets are measured at the end of the year before the ... for the broader financial markets For example, as testified by the then Secretary of the Treasury, Henry M Paulson Jr., and the Chairman of the Federal Reserve Board, Ben Bernanke, before the ... cross-sectionally Section presents the panel analysis and provides the main results of the paper Section concludes The Appendix contains an overview of the structure of the German banking sector Reserve...

Ngày tải lên: 15/03/2014, 10:20

... positive and significant bank fixed effects in the period after the end of 2008, with markups in the range of 1.42 per cent to 1.7 per cent The inclusion of the arrears and the tracker rate in the second ... unemployment and stable interest rates, the availability of wholesale funding post 2003, significantly increased the supply of credit to the residential market The existing boom in both the residential and ... within the analysis The rest of the paper is outlined as follows: Section provides further information on variable rates in the context of the overall Irish mortgage market; section summarises the...

Ngày tải lên: 15/03/2014, 14:20

... understand why they are doing what they are doing and the consequences of their actions, and if they are to appreciate the limits and possibilities of their practice, it is useful for them to ... the English public (read private) schools, were introduced to the masses in the UK, and the colonies, at the end of the nineteenth century as a way of ‘civilising the bodies of the children of ... reflect in the next stage of the process Not only is the overt action observed but so are the effects of action (intended and unintended), the circumstances of and constraints on action, [and] the...

Ngày tải lên: 24/03/2014, 00:21

... by hand, using the Triangle of Pascal: 1 1 1 þ 1 10 þ 10 þ (1.3) þ þ Except for the 1's on the legs and top of the triangle in (1.3), the entries are the sums of the adjacent numbers on the previous ... disjoint if they have no elements in common: their intersections are the empty set The conditions (1.8) and (1.9) are clearly satisfied for the case of the Texas lotto On the other hand, in the case ... Ak,n of elements ω of Ω for which the sum of the first n elements in the string involved is equal to k For example, the set A1,2 consists of all ω of the type (1,0, ) and (0,1, ) Similarly to the...

Ngày tải lên: 31/03/2014, 15:23