Search results for "interest"
showing 10 items of 624 documents
Exchange Rate and Inflation Risk Premia in the UME
2012
This paper tests the effects of exchange rate and inflation risk factors on asset pricing in the European Union (EU) stock markets. This investigation is motivated by the results of Vassalou (2000) [Journal of International Money and Finance, 19, 433-70] showing that both exchange rate and foreign inflation are generally priced in equity returns, and the opportunity to evaluate the causality between these sources of risk after the elimination of the EU currency risks because of the adoption of the single currency. Our results show that both exchange rate and inflation risks are significantly priced in the pre- and post-euro periods. Moreover, the size of exchange rate and inflation risk pre…
Interest rate changes and stock returns in Spain: A wavelet analysis
2015
This paper investigates the relationship between changes in interest rates and the Spanish stock market at the industry level over the period from January 1993 to December 2012 using a wavelet-based approach. The empirical results indicate that Spanish industries exhibit, in general, a significant interest rate sensitivity, although the degree of interest rate exposure differs considerably across industries and depending on the time horizon under consideration. In particular, regulated industries such as Utilities, highly indebted industries such as Real Estate, Utilities or Technology and Telecommunications, and the Banking industry emerge as the most vulnerable to interest rates. Further,…
Máster de formación inicial del profesorado de enseñanza secundaria, algunos análisis y propuestas
2010
Se presentan algunos análisis y propuestas en torno al nuevo máster de formación inicial de profesorado de secundaria, para contribuir al necesario y urgente debate acerca de su desarrollo futuro.
Masonry structures: A proposal of analytical generation of fragility functions for tsunami impact – Application to the Mediterranean coasts
2021
Abstract Evaluation of tsunami vulnerability of coastal buildings is gaining high interest in recent years in the areas with high tsunami hazard. Fragility evaluation is a fundamental step to obtain a quantitative estimation of the probability of building damage and in order to define possible strategies for risk mitigation. Several empirical fragility curves are available for masonry structures. However, an empirical fragility curve is generally based on field surveys after tsunami events, not always available. Conversely, analytical fragility curves are based on prediction approaches. In this paper, a proposal for the evaluation of analytical fragility curves for masonry structures typica…
Interesterification of triglycerides with methyl acetate for biodiesel production using a cyclodextrin-derived SnO@γ-Al2O3 composite as heterogeneous…
2022
International audience; Particle morphology and surface properties of metal oxides are topics of great importance in the field of heterogeneous catalysis. Herein, we have developed a molecular-colloidal coassembly approach combined with an ultrasonic-assisted precipitation method to fabricate SnO@γ-Al2O3 composites with tuneable pore size and well-defined octahedral-shape crystal structure. The supramolecular assemblies formed between the randomly methylated β-cyclodextrin (RaMeβCD) and Pluronic F127 were employed as template to tailor the size and shape of γ-Al2O3 nanoparticles and direct their assembly almost exclusively on the surface of micrometer-sized SnO single …
Holes in the Dike: the global savings glut, U.S. house prices and the long shadow of banking deregulation
2015
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted in driving the run-up (and subsequent decline) in US housing prices over the period 1990-2010. To obtain an ex ante measure of financial liberalization, we focus on the history of interstate-banking deregulation during the 1980s, i.e. prior to the large net capital inflows into the US from China and other emerging economies. Our results suggest a long shadow of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding sh…
A Multi-Scale Colour and Keypoint Density-Based Approach for Visual Saliency Detection
2020
In the first seconds of observation of an image, several visual attention processes are involved in the identification of the visual targets that pop-out from the scene to our eyes. Saliency is the quality that makes certain regions of an image stand out from the visual field and grab our attention. Saliency detection models, inspired by visual cortex mechanisms, employ both colour and luminance features. Furthermore, both locations of pixels and presence of objects influence the Visual Attention processes. In this paper, we propose a new saliency method based on the combination of the distribution of interest points in the image with multiscale analysis, a centre bias module and a machine …
Identifying Pathways to Computer Science : The Long-Term Impact of Short-Term Game Programming Outreach Interventions
2019
Short-term outreach interventions are conducted to raise young students’ awareness of the computer science (CS) field. Typically, these interventions are targeted at K–12 students, attempting to encourage them to study CS in higher education. This study is based on a series of extra-curricular outreach events that introduced students to the discipline of computing, nurturing creative computational thinking through problem solving and game programming. To assess the long-term impact of this campaign, the participants were contacted and interviewed two to five years after they had attended an outreach event. We studied how participating in the outreach program affected the students’ perceptio…
Speculative and hedging activities in the European Carbon Market
2015
Abstract We explore the dynamics of the speculative and hedging activities in European futures carbon markets by using volume and open interest data. A comparison of the three phases in the European Union Emission Trading Scheme (EU ETS) reveals that (i) Phase II of the EU ETS seems to be the most speculative phase to date and (ii) the highest degree of speculative activity for every single phase occurs at the moment of listing the contracts for the first time. A seasonality analysis identifies a higher level of speculation in the first quarter of each year, related to the schedule of deadlines of the EU ETS. In addition, a time series analysis confirms that most of the speculative activity…
Integrated Neuronal Network in ERP for Management Decision Making
2019
Abstract Enterprise Resource Planning systems have proven to be efficient and have become a de facto standard for coordinating vital business components. However, the obvious question has arisen: if each company uses the same ERP system, what happens to the competitive aspect of the business after the implementation of the IT systems? While for some organizations, ERPs have only become a necessity for running and organizing business, others want to exploit it to exceed the performance of competitors. Consequently, ERP systems are often a combined solution between the legacies of the systems they have replaced and the model proposed by the ERP provider, resulting in systems with unique, cust…