6,287 research outputs found

    The Catholic Physician in a Non-Catholic Hospital

    Get PDF

    Capital flight, external debt, and domestic policies

    Get PDF
    The international debt crisis of 1982 revealed that unrecorded private capital outflows from developing countries occurred simultaneously with borrowing from international commercial banks. Current interest in capital flight has been generated by the possibility that the resurgence of private capital inflows to these countries may be limited to the return of flight capital. A simple public finance model shows that simultaneous capital outflows and inflows can be explained as the result of private international arbitrage of domestic policies. The paper discusses the welfare consequences of gross two-way capital flows that take advantage of opportunities to avoid taxation or generate subsidy income.Capital movements ; Developing countries ; Finance, Public

    Distributed and Load-Adaptive Self Configuration in Sensor Networks

    Get PDF
    Proactive self-configuration is crucial for MANETs such as sensor networks, as these are often deployed in hostile environments and are ad hoc in nature. The dynamic architecture of the network is monitored by exchanging so-called Network State Beacons (NSBs) between key network nodes. The Beacon Exchange rate and the network state define both the time and nature of a proactive action to combat network performance degradation at a time of crisis. It is thus essential to optimize these parameters for the dynamic load profile of the network. This paper presents a novel distributed adaptive optimization Beacon Exchange selection model which considers distributed network load for energy efficient monitoring and proactive reconfiguration of the network. The results show an improvement of 70% in throughput, while maintaining a guaranteed quality-of- service for a small control-traffic overhead

    Capital Flight, External Debt and Domestic Policies

    Get PDF
    It is now well documented that capital flight has been a dominant feature of capital movements between developing and industrial countries. Since 1988 reductions in the stock of flight capital more than account for private capital flows to emerging markets. This suggests that what appears to be a diversification of portfolios of residents of developed countries may be a restoration of 'home bias' in the portfolios of residents of developing countries. We show that changes in the stock of capital flight can increase or decrease welfare depending on the structure of distortionary taxes and subsidies on capital income and the effects of capital flight on the tax base.
    • …
    corecore