Coordonatele auditului in marketingul financiar-bancar - situatia din Romania

The general term of internal audit was established in relation to the financial accounting activity; this notion was gradually replaced by a new approach which expands the sphere of the audit so that the preoccupation for the future is very important for any audit activity. If forming and consolidating a favorable image of the bank among service consumers represents a marketing problem, then solving it requires numerous instruments from the marketing policies; the most important role is attributed to the audit. The final goal of the marketing audit is drawing up a table regarding the performances and the efficiency of the bank, in relation to the risks involved by financial institutions and its operations. In this respect, specialists in banking management have come up with different models of calculations and rating systems in their trials to obtain the most accurate scan of the “state of health” of the banks, and moreover in their trials to identify the institutions which face financial and operational difficulties leading to bankruptcy. The uniform bank rating system is a specific instrument for the supervising activity and has its origins in the USA ; it has later been borrowed by German, Italian, Great Britain authorities, which use influential components in their banking system; later on, their system was adopted by most central banks within the European Union. In Romania, the uniform bank rating system has been implemented by N.B.R. (the National Bank of Romania) since 2000; the specific components that were analyzed are: the capital adequacy (C), the quality of assets (A), the management (M), profitability (P), liquidities (L) and sensitivity (S) starting from the year 2005. For short, this system is called CAMPL. The evaluation of these specific elements represents an important criterion for establishing a compound rating, which means assigning scores to each bank. The compound rating for the banking system is established based on economic – financial indicators and prudence indicators.marketing audit; uniform bank rating system; the capital adequacy; the quality of assets ; sensitivity to market risk

Pulsed magnetic flux compression power supplies for hypervelocity powder deposition

After reviewing the process of hypervelocity plasma deposition using augmented railgun technology, the paper presents several new concepts of pulsed rotating electric generators designed to power, on an almost continuous basis, the laboratory system designed and built at The University of Texas Center for Electromechanics (UT-CEM), which successfully validated the method and conducted proof-of-principle experiments. The two different rotating, repetitive pulsed power supplies described in the paper are: (1) an actively compensated flux compressor-alternator (actively compensated compulsator) and (2) a dc machine with series excitation, which so far did not have any application as a generator but proves, due to its self-excitation particularities, to be an almost ideal power source for the railgun. It needs to be emphasized that the augmented railgun and the actively and passively compensated compulsators represent almost mature technologies due to the continuous development of electromagnetic launch technology by the U.S. Department of Defense and especially by the U.S. Army – ready to be applied to many advanced civilian applications as it is the case with the hypervelocity powder railgun accelerators for surface conversion.Center for Electromechanic

A feasibility study of a hypersonic real-gas facility

A four month feasibility study of a hypersonic real-gas free flight test facility for NASA Langley Research Center (LARC) was performed. The feasibility of using a high-energy electromagnetic launcher (EML) to accelerate complex models (lifting and nonlifting) in the hypersonic, real-gas facility was examined. Issues addressed include: design and performance of the accelerator; design and performance of the power supply; design and operation of the sabot and payload during acceleration and separation; effects of high current, magnetic fields, temperature, and stress on the sabot and payload; and survivability of payload instrumentation during acceleration, flight, and soft catch

LIQUIDITY RISK MANAGEMENT IN BANKING

The objective of this paper is to provide a global perspective of the liquidity risk from a banking societies‘ viewpoint. Our paper belongs to the technical studies that analyze the concrete way in measuring the liquidity risk at the level of the banking societies from Romania. The study is structured on chapters that present the theoretical background in liquidity risk management and new trends in measuring, monitoring and controlling liquidity risk. Also, the paper contains a study cases part, which presents the actual stage and the challenges of the measuring the liquidity risk. We try to underline the importance of a flexible banking system, which should be able to measure and forecast its prospective cash flows for assets, liabilities, off-balance sheet commitments and derivatives over a variety of time horizons, under normal conditions and a range of stress scenarios, including scenarios of severe stress.liquidity risk,, simple net liabilities, cumulated net liabilities, liquidity, rate, average maturities transformation, immediate liquidity

ROMANIAN BANK LENDING DURING THE FINANCIALCRISIS

This paper examines the effects of the financial crisis on lending within the Romanian banking system. Lending in Romania contracted significantly since the fall of last year for two reasons. On one hand, the central bank’s new crediting norms, that intended to limit borrowing risks, entered into force in October 2008 and forced banks to take extra-measures. On the other hand, the first signs of the economic crisis started to show in Romania at the same time and affected the lenders’ liquidity. The development of Romanian bank lending at the end of 2008 reflected the impact of both credit demand and especially credit supply.financial crisis, bank lending, credit demand, credit supply, household loans, corporate loans

Start-up conditions and the performance of women - and men- controlled businesses in manufacturating industries

Recent research on the economic performance of women-controlled firms suggests that their underperformance may not result from differences in the managerial ability of women as compared to men, but it can be the result of different levels of start-up resources. Using accounting data, this paper examines the effects that selected start-up conditions have on the economic performance observed in a sample of 4450 Spanish manufacturing firms. The results indicate significant differences regarding the initial conditions, showing lower levels of assets and number of employees what have implications on the economic performance of women-controlled firms

Baryons in the Field Correlator Method: Effects of the Running Strong Coupling

The ground and P-wave excited states of nnn, nns and ssn baryons are studied in the framework of the Field Correlator Method using the running strong coupling constant in the Coulomb-like part of the three-quark potential. The running coupling is calculated up to two loops in the background perturbation theory. The three-quark problem has been solved using the hyperspherical functions method. The masses of the S- and P-wave baryons are presented. Our approach reproduces and improves the previous results for the baryon masses obtained for the freezing value of the coupling constant. The string correction for the confinement potential of the orbitally excited baryons, which is the leading contribution of the proper inertia of the rotating strings, is estimated.Comment: 13 pages, 1 figure, 5 table

Traveling wave accelerators

Hypervelocity magnetic induction accelerators are disclosed which create a traveling magnetic wave behind a projectile without the use of sliding contacts or multiple triggered switches. Inductive and resistive parameters are established as a function of position along a stator coil to obtain the magnetic wave in response to the pulsed DC power source. The ratio of the resistance to the inductance is a decreasing function of position from the breech to the muzzle. In a preferred embodiment the stator coil has a multiplicity of stages, and the DC pulse is delayed by inductances to progressively excite the stages, and the current from the pulse is fed through resistances to provide voltages for diverting the current to the next stages. In an alternative embodiment the magnectic field from the stator coil progressively diffuses through a tapered conductive or ferromagnetic sleeve disposed in the stator coil.Board of Regents, University of Texas Syste

Bankruptcy – the consequence of defective bank management

Bank failure is the result of a defective management in banking leading the bank to a stage of bankruptcy, which means that the insolvent bank is going to be closed by the banking authority. In general, the banking sector is viewed as more vulnerable to contagion than other industries since banks are viewed as more susceptible to failures. Thus, the paper addresses the issue of bank insolvency as an extreme consequence of materialized risks, resulting in a payment disability for the bank. The paper presents the causes and consequences of bankruptcy and analysis the situation of bankruptcies in the Romanian banking system which was confronted with a number of bankruptcies beginning with 1994 and involving several significant financial institutionsinsolvency risk, bank failures, systemic risk, bank regulation

Stress Matters: A Case Report in Occupational Therapy for Cancer-Related Cognitive Impairment

Background: This case report details occupational therapy (OT) for a woman with breast cancer experiencing cancer-related cognitive impairment (CRCI), referred to OT for memory strategies. Method: Preliminary subjective and cognitive screenings were completed with further/finer assessment diarized. Results: While the cognitive aspect of CRCI is often addressed via OT, in this case, stress was the most prevalent barrier to function reported. Stress was identified as: impacting occupational engagement, CRCI presentation, interfering with return-to-work goals, and accentuated given the COVID-19 pandemic. A common cancer-specific stress screening tool appeared inadequate in identifying the impact and interplay of stress on function, necessitating a more narrative exploration around these themes. Intervention details, clinical reasoning, and outcomes are profiled in this case report. Conclusion: Current published literature showcases the multi-factorial nature of CRCI, highlighting stress as an important, though often overlooked, factor, and thus an area for OT practice growth. Developing the OT approach to functional management of CRCI involves further exploration and appreciation of the relationship between stress and function. Clinical case studies offer a foundation and serve as a first step for expanding the value of OT in approaching CRCI and stress from a functional perspective, particularly considering the stressors of the current pandemic