Foreign exchange and foreign banking of America as it is related to American business

Submitted in partial fulfillment of the requirements for the degree of Master of ArtsFold-out graphs uploaded as supplemental files."The purpose of this thesis is to investigate our present system of foreign banking and exchange and to discuss its relations to American business. I propose in Chapter I to outline the situation that confronted us at the beginning of 1914, including banking provisions that aided or hindered us in our foreign exchange, and instruments of exchange that were used. In Chapter II I will take up the provisions of the Federal Reserve Act that relate to foreign trade and discuss their potency for giving us greater facilities and privileges and therefore greater opportunity in the foreign exchange field. In my third chapter I will deal with the effects of the present war on the exchange situation and will use our present relations with South America to illustrate the effects. The conclusion will be a summation of the present situation and a discussion of the possibilities for using the factors in hand to the advantage of American business in the future."Includes bibliographical references

Opportunity cost and prudentiality : a representative-agent model of futures clearinghouse behavior

Includes bibliographic references (p. 31-38)

MEASURING THE PRIMARY IMPACTS OF SEVERANCE TAXATION: A SPATIAL EQUILIBRIUM APPROACH

A spatial equilibrium model is used to quantify the effects of a severance tax on the Pennsylvania coal market. Two regions are identified: the Pennsylvania Market Area and an import/export region. The impacts on prices and quantities of coal supplied and demanded are found to be small. Little of the tax is exported from Pennsylvania, with a high proportion of the tax being passed back to Pennsylvania coal producers. Although the tax revenue exceeds the welfare losses in Pennsylvania, this result is very sensitive to the magnitude of the Pennsylvania own-price demand elasticity.Public Economics,

Opportunity cost and prudentiality : an analysis of futures clearinghouse behavior

Margin deposits, which serve as collateral to protect the clearinghouse, are typically the most important tool for risk management. The authors develop a model that explains how creating a futures clearinghouse may allow traders simultaneously to reduce both the risk of default and the total amount of margin that members post. Optimal margin levels are determined by the need to balance the deadweight costs of default against the opportunity cost of holding additional margin. Both costs are a consequence of market participants'imperfect access to capital markets. The simultaneous reduction in default risk and in the opportunity cost of margin deposits is possible because the creation of the clearinghouse facilitates multilateral netting. The authors characterize the conditions under which multilateral netting will dominate bilateral netting. They also show that it is credible for the clearinghouse to expel members who default, further reducing the risk of default. Finally, they show that it may (but need not) be optimal for the clearinghouse to monitor the financial condition of its members. If monitoring occurs, it will reduce the amount of margin required, but need not affect the probability of default. The empirical tests run by the authors indicate that the opportunity cost of margin plays an important role in determining margin. The relationship between volatility and margins indicates that participants face an upward-sloping opportunity cost for margin, which appears to more than offset the effects that monitoring and expulsion would be expected to have on margin setting.Environmental Economics&Policies,Banks&Banking Reform,International Terrorism&Counterterrorism,Economic Theory&Research,Insurance&Risk Mitigation

“Green Hoops” a Hit, or Miss? An Examination of Eco-Sustainability of NBA Arenas as an Attendance Motivator for Fans

This paper examines the relationships between 252 NBA fans in the Southwest region of the United States, their attitudes and feelings towards eco-sustainable travel practices, and environmental protection initiatives of NBA arenas. While tourists may indicate they are environmentally-conscious in their personal lives, research scrutinizing the extent to which these habits are applied during travel will be valuable to businesses seeking to identify themselves as eco-sustainable. Furthermore, this study will help to ascertain whether tourists seek out environmentally-friendly hotels and restaurants, or whether these entities are viewed as simply a convenience while traveling

Concentration and state of cerium in coastal waters

The cerium contents of several coastal water samples were found to be 0.1 to 0.6 µg/l. These are in contrast to the cerium concentrations of 0.004 and 0.014 µg/l observed in samples taken near Bermuda…

Land grant for 199 acres to Curtis Johnson, with James Wood signing as governor of Virginia, 1797.

Curtis Johnson is granted a parcel of 199 acres in Washington County near a branch off the south fork of the Holston River.https://digitalcommons.wofford.edu/littlejohnmss/1120/thumbnail.jp

The Relationship between Growth Scores and the Overall Observation Ratings for Teachers in a Public School System in Tennessee

The purpose of this study was to investigate the relationship between the TVAAS growth score given by the Tennessee Department of Education and the overall Tennessee Educator Assessment Model (TEAM) observation rating for teachers in grades 3 through 8. The participating county public school system for this study is located in Northeast Tennessee. Participants were teachers in the school system teaching Math, English/Language Arts, Science, and Social Studies in grades 3 through 8 in 10 elementary schools, 6 middle schools, and 2 K-8 schools. Specifically, this research examined the relationship between the TEAM observation scores and overall TVAAS growth score given to the teacher from the Tennessee Department of Education based upon yearly-standardized test scores. Research reinforced mixed views about the validity and purpose of teacher evaluation systems and the use of Tennessee Value-Added Assessment System. Five research questions guided this study and quantitative data were analyzed using a Pearson correlation, one-way MANOVAs and a one-way ANOVA. Results indicated a moderate positive relationship between a teacher’s TEAM observation score and the TVAAS growth score given by the Tennessee Department of Education