The CIS - Does the Regional Hegemon Facilitate Monetary Integration?

We consider the likely economic impact and prospects for monetary integration among Belarus, Kazakhstan, the Russian Federation and Ukraine as part of the Single Economic Space they have agreed to set up. A monetary union among these countries poses three interesting issues for the structure and process of integration: they have already been members of a wider cur-rency union that collapsed, so it is necessary to handle the problems of his-tory; secondly the union would be of very unequal size with the Russian Federation outweighing the others taken together, so we must consider how the national interests would be balanced; lastly natural resources, particu-larly oil and gas pose problems for dependence and for the determination of the external exchange rate

Martin J. Aitken (1922-2017)

No abstract available

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

Publications in acoustics and noise control from the NASA Langley Research Center during 1940 - 1974

This document contains reference lists of published Langley Research Center papers in various areas of acoustics and noise control for the period 1940-1974. The research work was performed either in-house by the center staff or by other personnel supported entirely or in part by grants or contracts. The references are listed chronologically and are grouped under the following general headings: (1) Duct acoustics, (2) Propagation and operations, (3) Rotating blade noise, (4) Jet noise, (5) Sonic boom, (6) Flow-surface interaction noise, (7) Human response, and (8) Structural response

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

Chronicles of Oklahoma

Necrology section for Volume 6, Number 2, June 1928. Included are memorials honoring Peter P. Pitchlynn, chief of the Choctaws; Albert G. Cochran, a teacher; Ambers Lafayette Bennett, a service man and politician; Joel B. Mayes, a teacher; Emory David Brownlee, a county judge and state senator; George McQuaid, a newspaper man; Robert M. Harris, governor of the Chickasaw Nation; Samuel Houston Mayes, former principal chief of the Cherokee Nation; Calvin Luther (Lute) Herbert, a lawyer; Theodore F. Brewer, a preacher and president of a university; and, James Joseph McGraw, a banker and politician

Finding Aid for the David G. Sansing Collection (MUM00402)

Materials relating to David G. Sansing\u27s The University of Mississippi: A Sesquicentennial History

Asymmetries in the Euro area economy

Using quarterly data for the period since 1987 this paper explores, in the context of a small model of the EU economy, the degree to which monetary policy has been asymmetric. It shows in particular that monetary policy has been much more responsive to threats that inflation would lie outside the price stability target than to equal sized shocks within the target zone. Similarly monetary policy has responded to threats of large positive and negative output gaps but has remained largely unresponsive to smaller divergences. It thus appears that the ECB and its predecessors have been avoiding ‘fine-tuning’ but have been aggressive in responding to substantial threats to macroeconomic stability. The action seems to have been stronger with respect to inflationary pressure than to deflation but this may offset any bias in fiscal policy. The asymmetric response of policy in part reflects considerable non-linearities and asymmetries in the behaviour of the euro area economies. High unemployment has relatively limited effect in pulling inflation down while low unemployment can be much more effective in driving it up. Economic downturns are both more rapid and sustained in driving unemployment up than recoveries are in bringing it down. There is considerable variety in these relationships and IS curves across countries, sectors and regions. Monetary policy reacts in the light of this.monetary policy, asymmetry

The CIS – does the regional hegemon facilitate monetary integration?

We consider the likely economic impact and prospects for monetary integration among Belarus, Kazakhstan, the Russian Federation and Ukraine as part of the Single Economic Space they have agreed to set up. A monetary union among these countries poses three interesting issues for the structure and process of integration: they have already been members of a wider currency union that collapsed, so it is necessary to handle the problems of history; secondly the union would be of very unequal size with the Russian Federation outweighing the others taken together, so we must consider how the national interests would be balanced; lastly natural resources, particularly oil and gas pose problems for dependence and for the determination of the external exchange rate.monetary union; CIS; economic integration

OT 617 The Book of Judges

Younger, K. Lawson, The NIV Application Commentary:Judges, Ruth. Grand Rapids: Zondervan, 2002. Gregory Mobley, The Empty Men: The Heroic Tradition of Ancient Israel. New York: Doubleday, 2005. Gunn, David M. Judges: Blackwell Bible Commentaries. Blackwell, 2005. Arnold, Bill T. and John H. Choi. A Guide to Hebrew Syntax. Cambridge, 2003. Elliger, K., and W. Rudolph, eds. Biblia Hebraica Stuttgartensia. Stuttgart: Deutsche Bibelgesellschaft, 1967-77. A Hebrew-based Concordance or Biblical Software with full Hebrew root and grammar based search capability (For Wintel: Bibleworks, Logos; for Macintosh Accordance. The latter is sufficient reason to go out and buy a Mac!) The following are very helpful: Murphy, T. J. Pocket Dictionary for the Study of Biblical Hebrew. IVP. 2003. Vasholz, R. I. Data for the Sigla in BHS. Eisenbrauns, 1983. Provided by instructor.https://place.asburyseminary.edu/syllabi/2896/thumbnail.jp