THE COST STRUCTURE OF MICROFINANCE INSTITUTIONS IN EASTERN EUROPE AND CENTRAL ASIA

Microfinance institutions are important, particularly in developing countries, because they expand the frontier of financial intermediation by providing loans to those traditionally excluded from formal financial markets. This paper presents the first systematic statistical examination of the performance of MFIs operating in Eastern Europe and Central Asia. A cost function is estimated for MFIs in the region from 1999-2004. First, the presence of subsidies is found to be associated with higher MFI costs. When output is measured as the number of loans made, we find that MFIs become more efficient over time and that MFIs involved in the provision of group loans and loans to women have lower costs. However, when output is measured as volume of loans rather than their number, this last finding is reversed. This may be due to the fact that such loans are smaller in size; thus for a given volume more loans must be made.Eastern Europe, banking, microfinance, efficiency

Remote sensing of physiographic soil units of Bennett County, South Dakota

A study was conducted in Bennett County, South Dakota, to establish a rangeland test site for evaluating the usefulness of ERTS data for mapping soil resources in rangeland areas. Photographic imagery obtained in October, 1970, was analyzed to determine which type of imagery is best for mapping drainage and land use patterns. Imagery of scales ranging from 1:1,000,000 to 1.20,000 was used to delineate soil-vegetative physiographic units. The photo characteristics used to define physiographic units were texture, drainage pattern, tone pattern, land use pattern and tone. These units will be used as test data for evaluating ERTS data. The physiographic units were categorized into a land classification system. The various categories which were delineated at the different scales of imagery were designed to be useful for different levels of land use planning. The land systems are adequate only for planning of large areas for general uses. The lowest category separated was the facet. The facets have a definite soil composition and represent different soil landscapes. These units are thought to be useful for providing natural resource information needed for local planning

Third Bose Fugacity Coefficient in One Dimension, as a Function of Asymptotic Quantities

In one of the very few exact quantum mechanical calculations of fugacity coefficients, Dodd and Gibbs (\textit{J. Math.Phys}.,\textbf{15}, 41 (1974)) obtained $b_{2}$ and $b_{3}$ for a one dimensional Bose gas, subject to repulsive delta-function interactions, by direct integration of the wave functions. For $b_{2}$, we have shown (\textit{Mol. Phys}.,\textbf{103}, 1301 (2005)) that Dodd and Gibbs' result can be obtained from a phase shift formalism, if one also includes the contribution of oscillating terms, usually contributing only in 1 dimension. Now, we develop an exact expression for $b_{3}-b_{3}^{0}$ (where $b_{3}^{0}$ is the free particle fugacity coefficient) in terms of sums and differences of 3-body eigenphase shifts. Further, we show that if we obtain these eigenphase shifts in a distorted-Born approximation, then, to first order, we reproduce the leading low temperature behaviour, obtained from an expansion of the two-fold integral of Dodd and Gibbs. The contributions of the oscillating terms cancel. The formalism that we propose is not limited to one dimension, but seeks to provide a general method to obtain virial coefficients, fugacity coefficients, in terms of asymptotic quantities. The exact one dimensional results allow us to confirm the validity of our approach in this domain.Comment: 29 page

Two-dimensional streptavidin crystals on giant lipid bilayer vesicles

Streptavidin was crystallized on giant bilayer vesicles (20-60 mum) in sucrose solution at various pH values. The streptavidin-coated vesicles exhibited unique roughened spherical and prolate ellipsoidal shapes, illustrating resistance to curvature of the two-dimensional crystals. Studies indicated that the spheroids and prolate ellipsoids correspond to different crystal morphologies. Through confocal microscopy, the various crystal morphologies on vesicle surfaces were observed under different solution conditions. Unlike two-dimensional (2D) streptavidin crystals grown in ionic buffer that assume the P1, P2, and C222 lattices at pH 4, 5.5, and 7, respectively (Wang et al. Langmuir 1999, 15, 154 1), crystals grown in sucrose with no added salt show only the lowest density C222 lattice due to strong electrostatic interactions

Hydrodynamic lubrication of textured surfaces: a review of modeling techniques and key findings

Understanding the influence of surface properties (roughness, grooves, discrete textures/dimples) on the performance of hydrodynamically lubricated contacts has been the aim of numerous studies. A variety of different numerical models have been employed by many researchers in order to find optimal texturing parameters (shape, size, distribution) for best performance enhancement in terms of load carrying capacity, film thickness, friction and wear. However, the large number of different modeling techniques and complexity in the patterns make finding the optimum texture a challenging task and have led to contrary conclusions. This article outlines the research effort on surface texturing worldwide, reviews the key findings and, in particular, provides a comparative summary of different modeling techniques for fluid flow, cavitation and micro-hydrodynamic effects

The less economic freedom a state has, the more political connections local firms need

Daniel M. Gropper, John S. Jahera Jr. and Jung Chul Park argue this is the case for US bank

Remote sensing techniques for mapping range sites and estimating range yield

Image interpretation procedures for determining range yield and for extrapolating range information were investigated for an area of the Pine Ridge Indian Reservation in southwestern South Dakota. Soil and vegetative data collected in the field utilizing a grid sampling design and digital film data from color infrared film and black and white films were analyzed statistically using correlation and regression techniques. The pattern recognition techniques used were K-class, mode seeking, and thresholding. The herbage yield equation derived for the detailed test site was used to predict yield for an adjacent similar field. The herbage yield estimate for the adjacent field was 1744 lbs. of dry matter per acre and was favorably compared to the mean yield of 1830 lbs. of dry matter per acre based upon ground observations. Also an inverse relationship was observed between vegetative cover and the ratio of MSS 5 to MSS 7 of ERTS-1 imagery

Influence of surface texturing on the performance of tilting pad thrust bearings

Surface textures have been shown to have the potential of enhancing the performance of hydrodynamic bearings and many other applications. However, a comprehensive literature review by the authors has revealed that the application of surface texturing is still limited due to major challenges, such as the complexity of computational models and the large variety of operating conditions encountered in conventional industrial applications. In the present work, the potential of surface texturing for tilting pad thrust bearings is investigated through the development of a numerical model based on the Reynolds equation incorporating an iterative and mass-conserving cavitation algorithm. The influence of texturing parameters on the main bearing characteristics is explored and the interaction between optimal texturing parameters and operating conditions is analysed. Experimental work on a purposely designed thrust bearing test rig will be carried out to validate and improve the numerical model

Influence of surface texturing on the performance of tilting pad thrust bearings

Surface textures have been shown to have the potential of enhancing the performance of hydrodynamic bearings and many other applications. However, a comprehensive literature review by the authors has revealed that the application of surface texturing is still limited due to major challenges, such as the complexity of computational models and the large variety of operating conditions encountered in conventional industrial applications. In the present work, the potential of surface texturing for tilting pad thrust bearings is investigated through the development of a numerical model based on the Reynolds equation incorporating an iterative and mass-conserving cavitation algorithm. The influence of texturing parameters on the main bearing characteristics is explored and the interaction between optimal texturing parameters and operating conditions is analysed. Experimental work on a purposely designed thrust bearing test rig will be carried out to validate and improve the numerical model

THE COST STRUCTURE OF MICROFINANCE INSTITUTIONS IN EASTERN EUROPE AND CENTRAL ASIA

Microfinance institutions are important, particularly in developing countries, because they expand the frontier of financial intermediation by providing loans to those traditionally excluded from formal financial markets. This paper presents the first systematic statistical examination of the performance of MFIs operating in Eastern Europe and Central Asia. A cost function is estimated for MFIs in the region from 1999-2004. First, the presence of subsidies is found to be associated with higher MFI costs. When output is measured as the number of loans made, we find that MFIs become more efficient over time and that MFIs involved in the provision of group loans and loans to women have lower costs. However, when output is measured as volume of loans rather than their number, this last finding is reversed. This may be due to the fact that such loans are smaller in size; thus for a given volume more loans must be made.http://deepblue.lib.umich.edu/bitstream/2027.42/40195/3/wp809.pd