The potential impact of explicit Basel II operational risk capital charges on the competitive environment of processing banks in the United States

Basel II replaces Basel I’s implicit capital charge on operational risk with an explicit charge. Certain U.S. banks concentrated in processing-related business lines – which have significant operational risk – could thus face an increase in overall minimum regulatory capital requirements. Some have argued that, as a result, these so-called “processing banks” would be disadvantaged vis-à-vis competitors not subject to regulatory capital requirements for operational risk. This paper evaluates these concerns.Bank capital ; Risk management ; Basel capital accord

Information for inspiration: understanding information-seeking behaviour and library usage of students at the Hong Kong Design Institute

The process of information- and inspiration-seeking behaviour amongst artists and designers often involve direct observation, note-taking, collecting materials and image samples, recognising styles, analysing movements, patterns, textures, as well as experimenting with different materials and techniques. They also rely heavily on having access to a variety of visual resources, both physical and digital, during the process of inspiration-seeking. However, there have been few studies on how art and design students look for and use information in the digital age, especially in the context of the library. This paper reports on an empirical study of the inspiration-seeking process and other information-related behaviour of students at the Hong Kong Design Institute (HKDI). An online questionnaire was created to ask the HKDI students specific questions: the types of library preferred; students\u27 comfort level with the HKDI Library; student respondents\u27 information needs; and their preferred sources for inspiration. They were also asked which media and venues they looked to for information that was important to their creative process. A total of 327 current students at the HKDI completed the survey. The research findings suggest that information-seeking behaviour of the art and design students was reflective of the fluid and creative nature of the art and design domain. They were regular users of traditional printed resources as well as the physical libraries. They also placed heavy reliance on the Internet and a variety of social networks when it came to inspiration-seeking. Inspiration was found from a very diverse and ‘idiosyncratic’ set of sources; often via accidental discovery. The students\u27 status as emergent practitioners also suggested a strong need for career advice and interactions with peers practicing in the art and design field

Социальные и демографические проблемы развития армянского социума Нагорного Карабаха в Советском Азербайджане

Рассматриваются социальные и демографические проблемы развития армянского социума Нагорно-Карабахской автономной области в составе Азербайджанской ССР (1923-1988 гг.) ставшие причинами возникновения межэтнического конфликта в 80-х - 90-х гг. XX в

Modeling your college library after a commercial bookstore? the Hong Kong Design Institute Library experience

The Hong Kong Design Institute (HKDI) is a leading design education institute in Hong Kong under the Vocational Training Council (VTC) group. Opened in September 2010, the HKDI Learning Resources Centre is a specialist library for the study of art and design. The mission of the HKDI Library is to support and promote the academic goals of the Institute, i.e., to prepare the students for professional careers; emphasize learning through a creative and interactive environment; meanwhile uphold a positively relaxing, and yet inviting environment that is very much similar to a commercial bookstore. In order to accomplish this, the HKDI Library aims to serve as a user-centered library for creative learning--by providing an important place for both students and faculty to actively engage in study, research, as well as socializing. Through a series of small focus group interviews with both students and faculty staff at the HKDI, the study investigates how influential the library environment could be in fostering students\u27 learning and other social activities under a creative environment

Perceived similarity of other customers on service experience

This study aims to examine how a mere appearance of other similar customers will influence the perceived service quality of a potential customer. This research involves two experimental studies. Findings shows that if potential customers perceive other customers to be similar (vs. dissimilar) in a hospitality setting with regard to age, they will have more favorable perceptions toward the service quality and have a higher purchase intention. However, the positive impact of the similarity in age cohort can override the negative impact of dissimilarity in ethnicity on one\u27s perceived service quality and purchase intentions. The results provide implications for hospitality managers

Building Research Capacity in Africa: Equity and Global Health Collaborations

Kathryn Chu and colleagues discuss the impact of high-income country investigators conducting research in low- and middle-income countries and explore lessons from the effective and equitable relationships that exist. Please see later in the article for the Editors' Summar

An Empirical Model of Subprime Mortgage Default From 2000 to 2007

The turmoil that started with increased defaults in the subprime mortgage market has generated instability in the financial system around the world. To better understand the root causes of this financial instability, we quantify the relative importance of various drivers behind subprime borrowers' decision to default. In our econometric model, we allow borrowers to default either because doing so increases their lifetime wealth or because of short-term budget constraints, treating the decision as the outcome of a bivariate probit model with partial observability. We estimate our model using detailed loan-level data from LoanPerformance and the Case-Shiller home price index. According to our results, one main driver of default is the nationwide decrease in home prices. The decline in home prices caused many borrowers' outstanding mortgage liability to exceed their home value, and for these borrowers default can increase their wealth. Another important driver is deteriorating loan quality: The increase of borrowers with poor credit and high payment to income ratios elevates default rates in the subprime market. We discuss policy implications of our results. Our findings point to flaws in the securitization process that led to the current wave of defaults. Also, we use our model to evaluate alternative policies aimed at reducing the rate of default.