The role of market discipline in handling problem banks

This paper considers the conditions that are necessary for market discipline to complement prompt corrective action (PCA) by the authorities in handling problem banks. We initially consider precisely what market discipline means in this context, who exercises it and the preconditions that are necessary for it to operate effectively. We explore the incentives that are necessary for PCA and market discipline to reinforce rather than cancel each other and in particular consider the limits to market discipline in this context from corporate governance and from difficulties in valuation. While our analysis is primarily aimed at advanced countries, we also examine problems in emerging markets and how deposit insurance arrangements might conflict with the aims of both PCA and market discipline.market discipline; banks; prompt corrective action

The role of market discipline in handling problem banks

This paper considers the conditions that are necessary for market discipline to complement prompt corrective action (PCA) by the authorities in handling problem banks. We initially consider precisely what market discipline means in this context, who exercises it and the preconditions that are necessary for it to operate effectively. We explore the incentives that are necessary for PCA and market discipline to reinforce rather than cancel each other and in particular consider the limits to market discipline in this context from corporate governance and from difficulties in valuation. While our analysis is primarily aimed at advanced countries, we also examine problems in emerging markets and how deposit insurance arrangements might conflict with the aims of both PCA and market discipline.market discipline, banks, prompt corrective action

ELF: The electronic learning facilitator

As the world‐wide computer network becomes ubiquitous, new tools have been developed, such as the World Wide Web (WWW), for the delivery of multimedia hypertext‐based documents. Similarly, there has been an explosion in the amount of email, bulletin boards, and Usenet News available. This has led to a major problem of information overload: we are slowly but surely being overwhelmed by the amount of information available to us

Feed system design and experimental results in the uhf model study for the proposed Urbana phased array

The effects of atmospheric turbulence and the basis for the coherent scatter radar techniques are discussed. The reasons are given for upgrading the Radar system to a larger steerable array. Phase array theory pertinent to the system design is reviewed, along with approximations for maximum directive gain and blind angles due to mutual coupling. The methods and construction techniques employed in the UHF model study are explained. The antenna range is described, with a block diagram for the mode of operation used

The quality of monetary policy and inflation performance: globalization and its aftermath

With a few unfortunate exceptions the last three decades have seen reductions in inflation around the world to the point that many would argue that further improvements in price stability would offer only limited welfare gains. This experience is the result of many factors, some of which are country-specific. In this paper we seek to isolate one of the factors, namely, the improvement in the quality of monetary policy. There are two novel aspects to the study. Firstly, we essentially estimate a gravity-like model. Secondly, we propose generally a more exhaustive analysis of the potential role of a large number of institutional factors than has been done before. Briefly, we find that institutional factors play a role in explaining inflation relative to the US experience, which is used as the benchmark. Nevertheless, any reduction in inflation stemming from greater central bank autonomy is a feature of the 1980s and early 1990s. Thereafter, central banks in the OECD look very much alike.globalization; inflation differentials; monetary policy strategy; institutional change

Using IT Support to improve the quality of Peer Assisted Learning

Peer assisted learning (PAL) is one way to increase the empowerment of students through their learning practices and, hence, enhance their learning journey. PAL involves students mentoring groups of academically less experienced students; develops the quality and diversity of student learning, and enables students to become active partners in their learning experience. PAL supports student transition into higher education and there is evidence that it can aid retention in the early weeks of degree study. Retention is becoming a key issue for universities and one of the key performance indicators (KPIs) of quality education under the strategy for higher education set out by the current government. The PAL³ project is funded by Learn Higher and is an on going project investigating the use of IT support to improve the quality of Peer Assisted Learning. The project has set up a learning environment for students, and a knowledge base for PAL student mentors and PAL and other academic staff. This paper reports on initial findings from the project which can be divided into two strands. Firstly, the compilation of a staff knowledge base has highlighted the fact that PAL is known by different names and has different meanings in different places. We provide an initial classification. Secondly, the PAL student environment, which has been implemented and used by the student cohort and their PAL student mentors, has highlighted issues that were not envisaged at the beginning of the study and this has implications for future work

Pengaruh Suku Bunga Kredit dan Produk Domestik Regional Bruto terhadap Penyaluran Kredit Perbankan Bank Umum di Riau

Riau is a province that is actively regional development. The development aims to create a society that is advanced and independent Riau. The conditions need support from the banks, particularly in terms of lending. The purpose of this study was to determine lending rates and gross domestic regional product of the loan portfolio of commercial banks in Riau. The results showed that mortgage interest rates and gross domestic regional product significantly influence the commercial bank lending in Riau. Partially, variable lending rates both working capital loans, investment loans, and consumer loans, has a negative and not significant effect on total loans in Riau. While gross domestic regional product variable has a positive and significant impact on working capital loans, investment credit and consumer loans,. Simultaneously, the variable mortgage interest rates and gross domestic regional product has a significant effect on bank lending of commercial banks in Riau