44 research outputs found

    Empirical Research on Sovereign Debt and Default

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    The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the theory of sovereign debt. One major theme emerges. Although recent research has sought to balance theoretical and empirical considerations, there remains a gap between theories of sovereign debt and the data used to test them. We recommend a number of steps that researchers can take to improve the correspondence between theory and data

    Fiscal Policy for Inclusive Growth: An Overview

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    In recent years, inequality has risen in the region alongside rapid economic growth. The widening income gap strengthens the case for a government response, and fiscal policy is one of the most suitable policy instruments to promote a more equitable society that provides opportunities for all. Developing Asia has trailed other parts of the world in equity-promoting fiscal expenditures, namely education, health care, and social protection, and thus the region needs to do more. Expanding public expenditures without boosting fiscal resources can, however, jeopardize fiscal sustainability. The key challenge is how to use fiscal policy to make growth more inclusive while maintaining fiscal sustainability

    A BJT technology-based current-mode tunable all-pass filter

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    In this paper, a new bipolar technology-based configuration for providing inverting first-order current-mode (CM) all-pass filter response is proposed. One of the main advantages of the introduced active C topology is to have the property of electronic tunability of its pole frequency without requiring passive component matching condition. To show the performance of suggested filter, simulations are achieved by means of PSPICE program. Moreover, experimental test results are included. (C) 2009 Elsevier Ltd. All rights reserved

    universal filter employing only grounded capacitors

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    In this paper, a novel single-input and multiple-output second-order current-mode universal filter is proposed where lossy integrator blocks, scaling blocks and summing blocks are employed. The proposed filter can simultaneously generate all the five universal filter responses namely; low-pass, high-pass, band-pass, notch and all-pass responses without requiring any critical passive component matching conditions. It uses only two grounded capacitors as passive components and BJTs as active elements; thus, it can be classified as an active-C filter. Both resonance frequency and quality factor of the proposed filter can be tuned electronically. Approximately 1.5 decades adjustable input frequency range for all the universal filter responses and high quality factor for band-pass response are obtained. Obtained PSpice simulation results confirm the theoretical design. Non-ideality and Monte Carlo analyses are also given. A practical realization of the single lossy integrator is accomplished. All the presented results are discussed

    a Grounded Capacitor

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    In this paper, a new bipolar junction transistor (BJT) based configuration for providing first-order resistorless current-mode (CM) all-pass, low-pass and high-pass filter responses from the same configuration is suggested. The proposed circuit called as a first-order universal filter possesses some important advantages such as consisting of a few BJTs and a grounded capacitor, consuming vet); low power and having electronic tunability property of its pole frequency. Additionally, types of filter response can be obtained only by changing the values of current sources. The suggested circuit does not suffer from disadvantages of use of the resistors in IC process. The presented first-order universal filter topology does not need any passive element matching constraints. Moreover, as an application example, a second-order band-pass filter is obtained by cascading two proposed filter structures which are operating as low-pass filter and high-pass one. Simulations by means of PSpice program are accomplished to demonstrate the performance and effectiveness of the developed first-order universal filter

    Novel Resistorless First-Order Current-Mode Universal Filter Employing a Grounded Capacitor

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    In this paper, a new bipolar junction transistor (BJT) based configuration for providing first-order resistorless current-mode (CM) all-pass, low-pass and high-pass filter responses from the same configuration is suggested. The proposed circuit called as a first-order universal filter possesses some important advantages such as consisting of a few BJTs and a grounded capacitor, consuming very low power and having electronic tunability property of its pole frequency. Additionally, types of filter response can be obtained only by changing the values of current sources. The suggested circuit does not suffer from disadvantages of use of the resistors in IC process. The presented first-order universal filter topology does not need any passive element matching constraints. Moreover, as an application example, a second-order band-pass filter is obtained by cascading two proposed filter structures which are operating as low-pass filter and high-pass one. Simulations by means of PSpice program are accomplished to demonstrate the performance and effectiveness of the developed first-order universal filter
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