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Ebook The Relationship between Risk, Capital and Efficiency: Evidence from Japanese Cooperative Banks

... been hit by the banking crisis during the 1990s. Even some of the leading financial institutions failed to survive the financial ... thereby restricting bank’s drive to behave cautiously (Besanko and Kanatas, 1996; Hellman, Murdock and Stiglitz, 2000). On the ... from Japanese Cooperative Banks (Business & Economics) ...

Story - puput - 11/04/2010 - 07:43 - 0 comments - 0 attachments

Ebook Loan Size and Credit Market Equilibria Under Asymmetric Information

The aim of this paper is to analyze the conditions under which optimal or sub-optimal ... order stochastic dominance (e.g. Chan and Kanatas (1985), Besanko and Thakor (1987)). With the second, lower quality implies a mean ... Under Asymmetric Information (Business & Economics) ...

Story - wulan - 07/30/2009 - 08:15 - 0 comments - 0 attachments


Ebook Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement?

Submitted by puput on Tue, 01/12/2010 - 03:50

Do countries that trade more with each other have more closely synchronized business cycles? Yes, according to the conventional wisdom. Increased trade simply increases the magnitude of the transmission of shocks between two countries. Although this wisdom has circulated widely for a long time, it was not until recently that empirical research was undertaken to assess its validity. Running cross country or cross region regressions, first Frankel and Rose (FR, 1998), and then, Clark and van Wincoop (2001), Otto, Voss, and Willard (2001), Calderon, Chong, and Stein (2002), Baxter and Kouparitsas (2004), and others have all found that, among industrialized countries, pairs of countries that trade more with each other exhibit a higher degree of business cyclecomovement.

Using updated data, we re-estimate the FR regressions, and find that a doubling of the median (across all country-pairs) bilateral trade intensity is associated with an increase in the country-pair’s GDP correlation of about 0.06. These empirical results are all statistically significant, and they suggest that increased international trade may lead to a significant increase in output comovement.


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Ebook Cereal Grains: Humanity’s Double-Edged Sword

Submitted by wulan on Sat, 09/05/2009 - 01:24

The number of plant species which nourish humanity is remarkably limited. Most of the 195,000 species of flowering plants produce edible parts which could be utilized by man; however less than 0.1% or fewer than 300 species are used for food. Approximately 17 plant species provide 90% of mankind’s food supply, of which cereal grains supply far and away the greatest percentage. From table 1, it can be shown that the world’s four major cereal grains (wheat, maize, rice and barley) contribute more tonnage to humanity’s food supply than the next 26 crops combined. Eight cereal grains: wheat, maize, rice, barley, sorghum, oats, rye, and millet provide 56% of the food energy and 50% of the protein consumed on earth. Three cereals: wheat, maize and rice together comprise at least 75% of the world’s grain production. It is clear that humanity has become dependent upon cereal grains for the majority of its food supply. As Mangelsdorf has pointed out, ‘cereal grains literally stand between mankind and starvation’; therefore, it is essential that we fully understand the nutritional implications of cereal grain consumption upon human health and well being.

Modern man has become so dependent upon eating cereal grains (grass seeds) that it has prompted at least one author to say that we have become ‘canaries’. However, this has not always been the case. For the vast majority of mankind’s presence on this planet, he rarely if ever consumed cereal grains. With the exception of the last 10,000 years following the agricultural ‘revolution’, humans have existed as non-cereal-eating hunter-gatherers since the emergence of Homo erectus 1.7 million years ago. Although the first anatomically modern humans (Homo sapiens) appeared in Africa ?90,000 years ago, humans prior to the mesolithic period (~15,000 years ago) like other primates rarely if ever utilized cereal grains. Post-pleistocene (~10,000 years ago) hunter-gatherers occasionally consumed cereal grains; however these foods were apparently not major dietary components for most of the year. It is apparent that there is little or no evolutionary precedent in our species for grass seed consumption. Consequently, we have had little time (=500 generations) since the inception of the agricultural revolution 10,000 years ago to adapt to a food type which now represents humanity’s major source of both calories and protein.


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Ebook Exploring Health Behavior in Older Black Women

Submitted by antoq on Sat, 01/03/2009 - 08:28

I never imagined that completing this dissertation would become so much a part of my life; but then I never imagined it would take 10 years to complete it either. I would like to both acknowledge and thank those individuals who have been supportive along the way of this very long and often emotionally challenging journey.


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