Search results for "lending"
showing 10 items of 91 documents
Banking Competition, Collateral Constraints and Optimal Monetary Policy
2013
We analyze optimal monetary policy in a model with two distinct financial frictions. First, borrowing is subject to collateral constraints. Second, credit flows are intermediated by monopolistically competitive banks, thus giving rise to endogenous lending spreads. We show that, up to a second order approximation, welfare maximization is equivalent to stabilization of four goals: inflation, output gap, the consumption gap between constrained and unconstrained agents, and the distribution of the collateralizable asset between both groups. Following both financial and non-financial shocks, the optimal monetary policy commitment implies a short-run trade-off between stabilization goals. Such p…
MODELLI, TESTI, PROCESSI: UNO STUDIO COGNITIVO DELLE METAFORE DELESSICALIZZATE E D’INVENZIONE
2014
La tesi di ricerca è basata sulle metafore delessicalizzate e d’invenzione riscontrate all’interno del romanzo di lingua tedesca «Kassandra» scritto nel 1983 dalla scrittrice Christa Wolf e all’interno del racconto di lingua tedesca «Minotaurus: eine Ballade» scritto nel 1985 Friedrich Dürrenmatt. Si vogliono analizzare i processi cognitivi che stanno alla base della creazione dei due tipi di metafore. Per farlo si è scelto di utilizzare tre teorie della linguistica cognitiva: la teoria della metafora concettuale (Lakoff e Johnson, 1980 e 1999); la teoria dell’integrazione concettuale (Turner e Fauconnier, 2002) e la teoria dell’analogia (Monneret, 2004). L’analisi ci permette di comprender…
Kredītēšana Latvijā: Attīstība un problēmas
2016
Galvenais kreditēšanas uzdevums ir veicināt labvēlīgus makroekonomiskos apstākļus tautsaimniecības ilgtermiņa attīstībai. Kreditēšanai ir nepieciešama cieša uzraudzība, lai tās darbība būtu vērsta uz attīstību. Sava darba sākumā autore sniedz informāciju par pareizu kreditēšanas pārvaldību, ar to saistītajiem riskiem un kontroles pasākumiem. Lai atspoguļotu kreditēšanas attīstības posmus, tiek veikta komercbanku un ne-banku kredītportfeļa un ar to saistīto risku analīze. Tiek atklātas kreditēšanas problēmas no aizņēmēju un aizdevēju puses, piedāvāti iespējamie pasākumi to novēršanai. Darbā tiek noskaidrotas pastāvošās problēmas Latvijas kreditēšanas situācijā, tiek piedāvāti iespējamie vari…
Designing biochar properties through the blending of biomass feedstock with metals: Impact on oxyanions adsorption behavior
2018
Metal-blending of biomass prior to pyrolysis is investigated in this work as a tool to modify biochar physico-chemical properties and its behavior as adsorbent. Six different compounds were used for metal-blending: AlCl3, Cu(OH)2, FeSO4, KCl, MgCl2 and Mg(OH)2. Pyrolysis experiments were performed at 400 and 700 °C and the characterization of biochar properties included: elemental composition, thermal stability, surface area and pore size distribution, Zeta potential, redox potential, chemical structure (with nuclear magnetic resonance) and adsorption behavior of arsenate, phosphate and nitrate. Metalblending strongly affected biochars' surface charge and redox potential. Moreover, it incre…
What is meant by hybridity? An investigation of hybridity and related terms in genre studies
2014
AbstractThis article is an investigation and a discussion of hybridity and related terms as used in linguistic studies of genre. The theoretical points that are made are illustrated with data from empirical research done by others and with the authors’ own data. The focus is on written texts but hybridity in spoken interaction is also discussed. The article defines the notion of genre and discusses (proto)typicality in relation to genre and hybridity. Recontextualization is also discussed. This is followed by a discussion of terms that have been used to talk about the processes of hybridity, firstly, as used in research that has mainly been done on spoken interaction. The focus then turns t…
Technological Districts and the Financing of Innovation: Opportunities and Challenges for Local Banks
2016
The paper deals with the role that local banks (especially credit cooperative banks) might play in financially supporting the development of technological districts and innovative firms. After introducing the concept and features of technological districts, it focuses on the relations between districts and local banks and between the adoption of innovation and local banking. The central part is an econometric exercise aimed at measuring the weight of high value financial services over the income of a sample of Italian credit cooperative banks. Taking into account the cultural, managerial and organizational requirements of local banks, the work provides insights into how this category of ban…
IMF lending arrangements in emerging and developing countries – participation and prediction
2016
AbstractThe literature on determinants of International Monetary Fund (IMF) interventions in emerging and developing countries shows that the IMF’s decisions are determined by political and economic causes. This article empirically investigates economic factors, showing that a country’s probability to sign an IMF arrangement can be predicted by looking at a core group of macroeconomic variables. Using discriminant analysis we develop a score function that allows us to predict a country’s future participation in IMF programmes. The study covers 153 emerging and developing countries, over more than 30 years (1980–2011) and 654 agreements, for both non-concessional and concessional loans. The …
Morphology and thermal properties of foams prepared via thermally induced phase separation based on polylactic acid blends
2012
Blends of poly-l-lactic acid with two different types of polylactic acid with different average molecular weights (50,000 and 175,000 g/mol, respectively) in different proportions (90/10, 80/20 and 70/30) were utilized in order to produce biodegradable and biocompatible scaffolds for soft tissue engineering applications. The scaffolds were produced via thermally induced phase separation starting from ternary systems where dioxane was the solvent and water the non-solvent. Morphology (average pore size and interconnection) was evaluated by scanning electron microscopy. Foams apparent density was also evaluated (porosity ranges from 87% to 92%). Moreover, a differential scanning calorimetry …
Microfinanza e microcredito: principali caratteristiche modelli operativi e diffusione in Italia
2016
l contributo, mediante un richiamo di recenti studi prodotti a livello istituzionale e dalla letteratura economica, evidenzia che il dibattito sui temi della microfinanza e del microcredito non è ancora riuscito a formulare una definizione unica e condivisa di questi due strumenti finanziari. Sono illustrate le principali differenze dello strumento microcredito rispetto al credito ordinario, i punti di forza e le criticità della cosiddetta “finanza informale” e del prestito di gruppo. A conclusione, con riferimento all’Italia, sono espresse alcune considerazioni sulle principali caratteristiche della offerta e della domanda di microcredito.
Quantifying Preferential Trading in the e-MID Interbank Market
2013
Interbank markets allow credit institutions to exchange capital for purposes of liquidity management. These markets are among the most liquid markets in the financial system. However, liquidity of interbank markets dropped during the 2007-2008 financial crisis, and such a lack of liquidity influenced the entire economic system. In this paper, we analyze transaction data from the e-MID market which is the only electronic interbank market in the Euro Area and US, over a period of eleven years (1999-2009). We adapt a method developed to detect statistically validated links in a network, in order to reveal preferential trading in a directed network. Preferential trading between banks is detecte…