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Ebook Guidance for Operational Risk Management in Government Debt Management

... or from external events (Basel II, June 2004). In debt management operations, the categories of risks, such as market risk (exchange ... these countries had either weak or non-existent frameworks for operational risk management. Among the assessed countries, only one quarter ... on existing literature for operational risk management principles and practices that have been formulated by the Bank for ...

Story - puput - 03/31/2011 - 06:18 - 0 comments - 0 attachments

Ebook Risk Management Guidelines For Banking Institutions

... significant emphasis on the adequacy of an institution’s management of risk. The Reserve Bank of Malawi puts forward this document for ... are in line with internationally accepted risk management principles and best practices. They are also aligned with the revised version ...

Story - puput - 10/19/2010 - 08:10 - 0 comments - 0 attachments

Ebook Business Continuity Management Guidelines

... loss of customers’ confidence. Business Continuity Management (“BCM”) is an over-arching framework that aims to minimise the ... 1.3 GLOSSARY 2.0 BUSINESS CONTINUITY MANAGEMENT PRINCIPLES 2.1 PRINCIPLE 1: BOARD OF DIRECTORS AND SENIOR MANAGEMENT ...

Story - puput - 09/30/2010 - 06:06 - 0 comments - 0 attachments

PDF Ebook The Banker’s Guide to The Basel II Framework

... 2.2.1 Introduction 2.2.2 Risk profile 2.2.3 Risk management and measurement 2.2.3.1 The standardised approach 2.2.3.1.1 ... supervisory review 3.2.1 Introduction 3.2.2 Four key principles of supervisory review 3.2.2.1 Principle 1 3.2.2.1.1 Board and ...

Story - antoq - 10/30/2010 - 07:39 - 0 comments - 0 attachments

Ebook Managerial Entrenchment, External Discipline and Accounting Manipulations in the Credit Union Industry

... approach to corporate governance based upon cooperative principles. Their operating philosophy is derived from mutual collaboration ... of cooperatives are less likely to remove incumbent management and vote at general meetings. Managers are consequently insulated ...

Story - wulan - 08/23/2009 - 05:04 - 0 comments - 0 attachments


Ebook High Conductivity Carbon-Carbon Heat Pipes for Light Weight Space Power System Radiators

Submitted by wulan on Tue, 10/06/2009 - 07:56

By virtue of their inherent parallel redundancy, heat pipes (HP) are logical elemental building blocks for the construction of spacecraft radiators. In pumped loop space radiators, a micrometeoroid puncture of a cooling-fluid carrying tube would cause eventual loss of cooling fluid, thus leading to failure of the radiator. In contrast, space radiators composed of a large number of heat pipes would be relatively immune to puncture from micrometeoroids or small space debris because loss of an individual heat pipe, whose function is completely independent of that of its neighbors, would result only in the loss of that small fraction of total radiating area represented by the punctured heat pipe’s radiating surface. Thus, overall radiator reliability can be significantly enhanced, even with lower wall thickness of its heat pipe elements, which also would reduce radiator mass.

Increased survivability coupled with reduced mass is of strategic importance in spacecraft power system radiators, since past studies of power systems with either solar or nuclear heat sources have shown (Juhasz and Jones, 1986, Brandhorst et al., 1991) that radiator weight accounts for a significant portion of overall spacecraft launch mass. This is especially true for dynamic energy conversion systems utilizing the Brayton or Stirling thermodynamic cycles, since these systems have relatively low mean effective heat rejection temperatures. Thus, application of graphite-carbon composite technology to space radiator heat pipes will lead to even greater savings in the total Earth-to-orbit mass that needs to be launched for a given mission, and thereby contribute to the “low-cost access to space” initiative, which is a goal to be implemented during the early decades of the 21st century.

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Ebook Equilibrium non-reciprocal Access Pricing in the Telecommunications Industry

Submitted by puput on Wed, 06/16/2010 - 02:49

Originating in the work of Armstrong (1998) and Laffont, Rey, and Tirole (LRT, 1998a,b), theories about competition in the Telecommunications industry have been placed within the framework of horizontal product differentiation models. The literature is summarized in a recent survey article by Armstrong (2003).

One of the recent and controversially debated issues within this literature is that of the ’correct’ termination charge for the Telecommunications industry, which results from the need of different networks to interconnect when consumers make ’off-net’ calls. Clearly this debate had no precedent at the time when there was only a (state owned) monopoly incumbent in the industry. One branch of the theoretical literature is concerned with the possibility to sustain collusive outcomes using the termination charge which allows networks to increase each others’ perceived costs (see LRT, 1998a,b). This scope for collusion is pervasive with linear tariffs as a high access charge makes efforts to expand market share by price cutting very costly. Introducing a fixed charge (non-linear tariffs) into the analysis implies that the collusive effect vanishes by allowing networks to engage in fixed charge competition without incurring access deficits.

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Ebook High wage workers and low wage firms: negative assortative matching or limited mobility bias?

Submitted by wulan on Fri, 04/16/2010 - 07:25

There is a rapidly-growing empirical literature which uses linked employer-employee data to estimate the contribution of worker and firm heterogeneity to outcomes in the labour market. Much of this literature stems from Abowd et al. (1999) (henceforth AKM) and related papers. (See also Abowd and Kramarz (1999) and Haltiwanger et al. (1999) for early surveys of the wide range of issues covered in this literature.) An important issue in the literature is the relationship between the unobserved worker and firm-components of wages. Both economic theory and common sense suggest that there should be a positive correlation between worker and firm productivities.

In the words of AKM: ‘high-wage workers and high-wage firms’ match together. This is known as positive ‘assortative matching’ in the economics literature (see Atakan (2006), for example, and references within). (‘Assortative matching’ means that the matching is non-random.)

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