Government ownership of banks, institutions and financial development

Using a suitably modified locational model of banking, we examine the influence of institutions, such as deposit contract enforcement, in explaining the share of previous termgovernmentnext term owned previous termbanksnext term in the banking system. We present cross-country evidence suggesting that institutional factors are relatively more important determinants of the share of state previous termbanksnext term than political or historical ones. We argue that rather than privatizing or subsidizing state previous termbanks governmentsnext term in developing countries should build institutions that foster the development of private banking

Is government ownership of banks really harmful to growth?

We show that previous results suggesting that government ownership of banks has a negative effect on economic growth are not robust to adding more 'fundamental' determinants of economic growth, such as institutions. We also present regression results from a more recent period (1995-2007) which suggest that, if anything, government ownership of banks has been associated with higher long run growth rates, even after controlling for institutions and other variables suggested by the growth literature. Drawing on the current global financial crisis, we provide a conceptual framework which explains why under certain circumstances government owned banks could have a greater effect on economic growth than privately-owned banks

Political Economy Origins of Financial Markets in Europe and Asia

We provide historical evidence from London, Amsterdam and Hong Kong which highlights the essential role played by governments in kick-starting financial development. In the cases of London and Amsterdam, the emergence of financial markets was a by-product of the rise of large trading monopolies. These monopolies, partly created to improve public finances, were responsible for major financial innovations and helped to strengthen investors' property rights. In Hong Kong, where the financial development model was bank-based, a large banking monopoly with close links to both the British and Chinese governments, set up to finance international trade, played a similar role. © 2010 Elsevier Ltd.postprin

REAL TIME REGISTRATION OF THE ELECTROPHYSIOLOGICAL SIGNALS SPECTRA

The paper deals with the issues of spectra acquisition for the electrophysiological signals, diagnostics result dependence on the noise level and expert’s qualification. A real-time module for amplitude-frequency spectra estimation of electrophysiological signals is designed. A general diagram of connection between measuring module and spectrum analyzer (as a part of multifunctional diagnostic system) is shown. The module is realized on the base of Cubieboard A20 minicomputer. It provides continuous decomposition of signals (up to 32 channels) into fragments of equal length and their independent mathematical processing for each measuring channel. The suggested device makes it possible to analyze the real-time dynamics of spectrum changes

An efficient strategy for the development of tourism at regional level

Tourism promotes the development of small and medium-sized business, an increase in employment and self-employment, and allows smoothing the disproportions of territorial development. The objective of this work is to study the modern state of the tourism industry and to reveal the strategical development trends of tourism in the regions of the Southern Federal District (SFD). The statistical data of Rosstat (Federal Service of State Statistics), Federal Agency for Tourism, the database of the EMISS (Unified Interdepartmental Statistical Information System) and other open sources of information were used as the sources of secondary information. The practical part of the research is based upon the application of the author’s method of estimation of the current state of the tourism industry in the regions that presupposes the calculation of the complex index of tourism development in the region. The results of the performed research allowed classifying the regions according to the level of tourism development and determining the strategies of competitiveness improvement of the regional touristic products on its base.peer-reviewe

Evaluate of motivation to education of distance education students who study on pharmaceutical faculty of UGMU

In the article research results of motivation to the higher pharmaceutical education reception of distance education students with a method of survey are considered.В статье рассмотрены результаты исследования мотивации к получению высшего фармацевтического образования студентов, обучающихся на заочной форме обучения, методом анкетирования

Bronchodilator reversibility test for broncho-obstructive syndrome detection and differential diagnosis of bronchial asthma and chronic obstructive pulmonary disease

Purpose – to analyze the method of bronchodilator reversibility test (BRT) at different doses of salbutamol in patients with bronchial asthma (BA) and chronic obstructive pulmonary disease (COPD). Materials and methods. We examined 80 patients with broncho-obstructive syndrome, including 50 patients with a mild persistent BA (Group I) and 30 patients with COPD of moderate (course B) severity (Group II). All patients underwent routine methods of investigation: general clinical, laboratory, pulmonary function test, radiography of the chest organs (if needed), and statistical methods were used. Results. Two methods of BRT were performed that differed in the dose of salbutamol to examine the patients with BA and COPD. All 50 patients with BA were first examined for bronchodilator reversibility with 200 micrograms of salbutamol and then, usually in 2 weeks, with 400 micrograms of salbutamol. Reversibility was in all the patients with BA within 15 minutes after 200 micrograms of salbutamol inhalation, but in 30 patients (60 %) it was full (12 % and more than the previous, >200 ml), and in 20 patients it was partial (less than 12 % or 200 ml). Full reversibility was found in 46 out of the 50 patients (92 %) within 30 minutes and it was 12 % or more (>200 ml) in all the patients only within 45 minutes. When using a salbutamol dose of 400 mg in BRT, the following results were obtained: full reversibility was in 47 (94 %) patients within 15 minutes and in another 3 patients within 30 minutes, that is in all the patients with BA. 16 (53.3 %) patients with COPD were considered nonreversible following administration a dose of salbutamol 200 micrograms within 15 minutes and partial reversibility was in 14 (46.7 %) patients with COPD. Partial reversibility was found in 10 patients (33.3 %) after 30 minutes, and 6 patients (20.0 %) were nonreversible or reversibility was within 2–3 %; in 4 out of the 6 patients (93.24 % in total) partial reversibility was only after 45 minutes and the remaining two patients were nonreversible even after 60 minutes of the examination. BRT revealed partial reversibility at a salbutamol dose of 400 micrograms in 26 (86.6 %) patients with COPD within 15 minutes, in another 3 (96.6 %) patients – within 30 minutes and after 45 minutes – in all patients; none of the patients showed full reversibility. Conclusions. According to conducted study, salbutamol for BRT can be used at a dose of 200 and 400 mcg in patients with BA, but the time of repeated spirometry should be different: at 200 mcg – not earlier than 30 minutes, or preferably 45 minutes; and at 400 mcg – 15 minutes after or a maximum of 30 minutes. In patients with COPD, the use of salbutamol at a dose of 200 mcg is impractical, but a dose of 400 mcg should be used and repeated spirometry is needed not earlier than 30 minutes after a test dose of the drug

Study of motivation to labor activity of students 4-5 courses of pharmaceutical faculty

The article presents the results of studying student’s motivation who learn on the 4-5 year in the pharmaceutical faculty of the Ural state medical university. The problems of motivation of students to work activity, their professional intentions are considered.В статье приведены результаты изучения трудовой мотивации студентов 4-5 курса фармацевтического факультета УГМУ. Рассмотрены проблемы мотивации обучающихся к трудовой деятельности, их профессиональные намерения

The attitude of consumers to the instructions for medical use of the drug

This article presents the results of a sociological survey on the attitude of consumers to the instructions for medical use of the drug, which was attended by 52 respondents. According to the results of the survey, more than 80% of respondents try to comply with the requirements of the instruction, and the remaining 20% either partially comply or do not comply at all.В данной статье представлены результаты социологического опроса об отношении потребителей к инструкции по медицинскому применению лекарственного препарата, в котором участвовали 52 респондента. По итогам опроса было выявлено, что более 80% респондентов стараются соблюдать требования инструкции, а остальные 20% либо частично соблюдают, либо не соблюдают совсем

No evidence from complementary data sources of a direct glutamatergic projection from the mouse anterior cingulate area to the hippocampal formation

The connectivity and interplay between the prefrontal cortex and hippocampus underpin various key cognitive processes, with changes in these interactions being implicated in both neurodevelopmental and neurodegenerative conditions. Understanding the precise cellular connections through which this circuit is organised is, therefore, vital for understanding these same processes. Overturning earlier findings, a recent study described a novel excitatory projection from anterior cingulate area to dorsal hippocampus. We sought to validate this unexpected finding using multiple, complementary methods: anterograde and retrograde anatomical tracing, using anterograde and retrograde adeno-associated viral vectors, monosynaptic rabies tracing, and the Fast Blue classical tracer. Additionally, an extensive data search of the Allen Projection Brain Atlas database was conducted to find the stated projection within any of the deposited anatomical studies as an independent verification of our own results. However, we failed to find any evidence of a direct, monosynaptic glutamatergic projection from mouse anterior cingulate cortex to the hippocampus proper