An Analysis of Quantitative Credit Controls and Related Devices

macroeconomics, quantitative credit controls

Intermediate targets and indicators for monetary policy: an introduction to the issues

Money supply ; Monetary policy - United States

United States Trade Flows for Selected Categories of Specialty Crops and the General Policy Implication

International Relations/Trade,

United States Trade Flows for Selected Categories of Specialty Crops

Nationally, Florida ranked second in farm cash receipt from all crops and second, based on value, in vegetable production (USDA, 2003). It also ranked fourteenth out of all the states with respect to agricultural exports with its top exports, fruits and vegetables, falling within the category of specialty crops. According to the USDA (2003), Florida's agricultural exports helped to boost farm prices and income and supported approximately 17,000 jobs both on and off farm in 2001. As such, its agricultural exports are important to Florida's agricultural and statewide economy. From a Florida farm cash receipts perspective, increased imports could undermine revenue earnings from specialty crop production, especially if there is not a comparable growth in the exports of these crops. This report covered the period 1991 to 2002 and examined trade flows for selected specialty crops deemed important to Florida's agriculture. Overall, the US had a relatively high import level of the selected specialty crops. This was apparent from the widening trade gaps and the declining surpluses experienced by all commodities, with the exception of oranges and strawberries. CANMEX was the dominant supplier of vegetables, and growing imports from this group drove the growing vegetable trade deficit. With respect to fruits, CANMEX was also a dominant supplier and affected trade balances however, many of the declining fruit trade balances were due to declining exports to markets such as Asia and the Europe. CANMEX played a major role in the trade of foliage and floriculture but did not dominate the trade. Over the period 1991 to 2002 there were changes in the trade flows of the selected vegetables, fruits and foliage and floriculture. Two noticeable trends were the concentration of trade with CANMEX, especially with respect to vegetable exports and declining exports to Asia and Europe. Also noticeable were declining trade balances experienced by the majority of the commodities in this study. With free trade agreements, an increased inflow of goods is expected as trade barriers are lowered. Preparing for additional imports resulting from expanded regional free trade agreements in the western hemisphere requires the commitment of additional resources toward the expansion of existing markets and the development of potentially new markets.Crop Production/Industries, International Relations/Trade,

A postsynaptic PI3K-cII dependent signaling controller for presynaptic homeostatic plasticity.

Presynaptic homeostatic plasticity stabilizes information transfer at synaptic connections in organisms ranging from insect to human. By analogy with principles of engineering and control theory, the molecular implementation of PHP is thought to require postsynaptic signaling modules that encode homeostatic sensors, a set point, and a controller that regulates transsynaptic negative feedback. The molecular basis for these postsynaptic, homeostatic signaling elements remains unknown. Here, an electrophysiology-based screen of the Drosophila kinome and phosphatome defines a postsynaptic signaling platform that includes a required function for PI3K-cII, PI3K-cIII and the small GTPase Rab11 during the rapid and sustained expression of PHP. We present evidence that PI3K-cII localizes to Golgi-derived, clathrin-positive vesicles and is necessary to generate an endosomal pool of PI(3)P that recruits Rab11 to recycling endosomal membranes. A morphologically distinct subdivision of this platform concentrates postsynaptically where we propose it functions as a homeostatic controller for retrograde, trans-synaptic signaling

Cholinergic suppression: A postsynaptic mechanism of long-term associative learning

Food avoidance learning in the mollusc Pleurobranchaea entails reduction in the responsiveness of key brain interneurons in the feeding neural circuitry, the paracerebral feeding command interneurons (PCNs), to the neurotransmitter acetylcholine (AcCho). Food stimuli applied to the oral veil of an untrained animal depolarize the PCNs and induce the feeding motor program (FMP). Atropine (a muscarinic cholinergic antagonist) reversibly blocks the food-induced depolarization of the PCNs, implicating AcCho as the neurotransmitter mediating food detection. AcCho applied directly to PCN somata depolarizes them, indicating that the PCN soma membrane contains AcCho receptors and induces the FMP in the isolated central nervous system preparation. The AcCho response of the PCNs is mediated by muscariniclike receptors, since comparable depolarization is induced by muscarinic agonists (acetyl-ß -methylcholine, oxotremorine, pilocarpine), but not nicotine, and blocked by muscarinic antagonists (atropine, trifluoperazine). The nicotinic antagonist hexamethonium, however, blocked the AcCho response in four of six cases. When specimens are trained to suppress feeding behavior using a conventional food-avoidance learning paradigm (conditionally paired food and shock), AcCho applied to PCNs in the same concentration as in untrained animals causes little or no depolarization and does not initiate the FMP. Increasing the concentration of AcCho 10-100 times, however, induces weak PCN depolarization in trained specimens, indicating that learning diminishes but does not fully abolish AcCho responsiveness of the PCNs. This study proposes a cellular mechanism of long-term associative learning -- namely, postsynaptic modulation of neurotransmitter responsiveness in central neurons that could apply also to mammalian species

Bankers on pricing consumer deposits

Bank deposits ; Interest ; Certificates of deposit ; Money market deposit account

Advanced sensors technology survey

This project assesses the state-of-the-art in advanced or 'smart' sensors technology for NASA Life Sciences research applications with an emphasis on those sensors with potential applications on the space station freedom (SSF). The objectives are: (1) to conduct literature reviews on relevant advanced sensor technology; (2) to interview various scientists and engineers in industry, academia, and government who are knowledgeable on this topic; (3) to provide viewpoints and opinions regarding the potential applications of this technology on the SSF; and (4) to provide summary charts of relevant technologies and centers where these technologies are being developed

Organizational Inducements and Social Motives: A Game Theoretic Analysis

Game theory was used to analyze compensation systems based on individual and group incentives. Payoff formulas were developed for these incentives assuming different preferences for individual and social outcomes. Two levels of contributions were considered: (1) Defection. The minimum acceptable level of contributions, and (2) Cooperation. A level of discretionary contributions above the minimum. The discretionary contributions associated with cooperation were represented as a cost to the individual. A classification scheme for uniform n-person games was developed using the approach of Rappaport and Guyer (1966) for 2 x 2 games. This classification scheme defines the natural outcome (cooperation or defection) for each game. The analysis considered the Individual motive, based on maximizing self-interest, and five social motives (Collective, Competitive, Altruism, Equity and Aggression). These motives reflect preferences for outcomes based on payoffs to self and others. The results indicate the natural outcome and game category for different values of the individual and group incentive factors. Satisficing theory was also used to analyze the natural outcome for the Individual motive. Evolutionary game theory was used to develop two simulation models for social motives. The models interpret social motives as (1) genuine preferences for specific social outcomes, or (2) indirect strategies for maximizing individual payoffs. These models explore the interaction of social motives and the resulting impact on the level of cooperation. The results were used to develop effectiveness criteria for selecting inducement systems which should promote cooperation. Additionally, cost curves were used to determine the least cost inducement system. Based on these results, inducement systems using absolute incentives are recommended over systems using competitive incentives. Competitive incentives should only be considered when there is limited need for coordination between individuals and where aggressive and/or competitive behavior is acceptable. The study has theoretical as well as practical implications. Game theory provides a method for expanding expectancy theory to include expectations about the actions of others and provides a framework for integrating expectancy theory and other theories based on social motives (e.g. equity theory). The use of dynamic models from evolutionary game theory breaks new ground in the theory of motivation

Enhancing whole-of-river conservation

We argue for improved conservation of freshwater ecosystems at catchment or eco-regional scales by explicit assignment of values to all river sections and wetlands, recognising current disturbance, and aiming for ‘no further harm’ to the commons. The need is indicated by the global deterioration of biodiversity and ecosystem services of rivers and wetlands, increasing demands on water and land resources, and climate change. Regional pressures include multiple jurisdictions, competing demands, piecemeal management, pollution and habitat impacts. Effective resource and conservation management needs to integrate multiple uses via governance of activities of stakeholders, recognising hydrogeomorphic, water quality and ecological properties of ecosystems. Complete ecological protection is impractical amidst water-resource and land-use development, but we suggest that all river reaches and wetlands be given a conservation rating based on habitat, biodiversity and connectivity values. We present a straightforward approach to spatial conservation rating of freshwaters, using hydrogeomorphic typology and assignment of conservation values on the basis of available information and expert elicitation. We illustrate the approach by using the large Burdekin River catchment in north-eastern Australia. This approach is complementary to more spatially focused conservation prioritisation and could greatly improve management for sustainability, reduce further decline in conservation values, and facilitate rehabilitation