Search results for "lending"
showing 10 items of 91 documents
The impact of quantitative easing on UK bank lending: Why banks do not lend to businesses?
2021
Abstract The growing proportion of UK bank lending to the financial sector reached a peak in 2007 just before the onset of the Global Financial Crisis (GFC). This marks a trend in the dwindling amount of bank lending to private sector non-financial corporations (PNFCs), which was exacerbated with the Great Recession. Many central banks aimed to revive bank lending with quantitative easing (QE) and unconventional monetary policy. We propose an agent based computational economics (ACE) model which combines the main factors in the economic environment of QE and Basel regulatory framework to analyse why UK banks do not prioritize lending to non-financial businesses. The lower bond yields caused…
Economic Support during the COVID Crisis. Quantitative Easing and Lending Support Schemes in the UK
2021
Abstract We investigate how UK bank business lending responded to the simultaneous use of quantitative easing, leverage ratio capital requirements, and government COVID lending support schemes. We find no evidence that the Brexit wave increased lending to nonfinancial businesses, compared to the previous waves, except for QE-banks subject to the UK leverage ratio, suggesting that the ratio incentivised QE-banks to lend to businesses. The government schemes helped expand lending especially to SMEs post the COVID wave, indicating that complementing QE with other credit easing programmes can reinforce its impact on lending to the real economy. During COVID-stress, changes to the UK leverage ra…
Perceptual processing strategy and exposure influence the perception of odor mixtures
2008
; In flavor perception, both experience with the components of odor/taste mixtures and the cognitive strategy used to examine the interactions between the components influence the overall mixture perception. However, the effect of these factors on odor mixtures perception has never been studied. The present study aimed at evaluating whether 1) previous exposure to the odorants included in a mixture or 2) the synthetic or analytic strategy engaged during odorants mixture evaluation determines odor representation. Blending mixtures, in which subjects perceived a unique quality distinct from those of components, were chosen in order to induce a priori synthetic perception. In the first part, …
How to learn a conceptual space
2005
the experiments proposed in the article by steels & belpaeme (s&b) can be considered as a starting point toward a general methodology for the automatic learning of conceptual spaces.
Strategic quantitative easing: Stimulating investment to rebalance the economy
2013
The Bank of England’s programmes of Quantitative Easing (QE) and Funding for Lending (FLS) are failing to stimulate GDP and rebalance the economy. Both policies falsely assume that the UK’s risk-averse capital markets, corporate sector and constrained banking system can be nudged into supporting the productive economy. We propose a new approach: one that channels investment directly into new housing, infrastructure and SME lending, boosting productivity and exports. QE must become less scattergun and more strategic, with reformed governance structures to match.
Quantitative assessment of the parameters linked to the blending between reclaimed asphalt binder and recycling agent: A literature review
2020
Abstract The lack of understanding the mechanisms governing the interaction between reclaimed asphalt binder (RAb) 1 and recycling agents is one of the technical issues that still need to be resolved when high amount of reclaimed asphalt (RA) 2 is used in a new recycled asphalt mixture (RAM). Due to important role of RAb in that interaction and increased used of RA, it becomes necessary to have a way to classify RA, as any other material used in asphalt mixture production. It is very important to determine how much RAb is active by itself (DoA) 3 , but also to determine how much RAb can be considered available for a mix design of RAM (DoAv) 4 when a recycling agent is used. Finally, since t…
Blending in Hybrid Games: Understanding Hybrid Games Through Experience
2016
The meaning of what hybrid games are is often fixed to the context in which the term is used. For example, hybrid games have often been defined in relation to recent developments in technology. This creates issues in its usage and limitations in thinking. This paper argues that hybrid games should be understood through conceptual metaphors. Hybridity is the blending of different cognitive domains that are not usually associated together. Hybrid games usually blend domains related to games, for example digital and board games, but can blend also other domains. Through this type of thinking, designers can be more open to exploring how their games can be experienced.
Chapter 1 Amalgams, Colimits, and Conceptual Blending
2018
This chapter is a theoretical exploration of Joseph Goguen’s category-theoretic model of conceptual blending and presents an alternative proposal to model blending as amalgams, which were originally proposed as a method for knowledge transfer in case-based reasoning. The chapter concludes with a generalisation of the amalgam-based model by relating it to the notion of colimit, thus providing a category-theoretic characterisation of amalgams that is ultimately computationally realisable.
How Body and Soul Interact with the Spiritual Mind: Multimodal Cognitive Semiotics of Religious Discourse
2008
Cognitive Linguistics as an enterprise provides new theoretical and methodological instruments in understanding the relationship between people's thoughts and the language they use. Spiritual and religious experiences (particularly the ones involving some type of revelation from or communication with a transcendent being) are especially interesting since they involve some type of external, physically invisible force or agent, contributing an "ineffable" quality to the phenomenon. However, people can and do describe such events, and metaphors and blends pervade the representations of certain concepts of the transcendental when attempting to talk about such abstract ideas. One of the main ten…
Design considerations of high RAP-content asphalt produced at reduced temperatures
2018
In many countries recycling of reclaimed asphalt pavement (RAP) for road surface layers is limited to a maximum of 10–30%. This is due to technical limitation of common asphalt plant but also to specifications that are still restrictive when it comes to increasing RAP in surface courses. The mistrust in this practice is mainly related to uncertainty in performance of these mixes as well as to existing fundamental issues with the mix design, especially when production temperatures are lowered. This paper analyses some of the factors affecting the design of warm asphalt mixtures for surface course layers containing 50% RAP, and suggests a framework to justify the common assumption of full ble…