1,079 research outputs found
An Overview of the East-Asian Economic Crisis
The objective of this project is to analyse the possible causes and the effects of
the economic crisis in East-asian region with particular emphasis of the impact
on Malaysia in respect of the RINGGIT and the KUALA LUMPUR STOCK
EXCHANGE; how the crisis affects countries in other regions. The issues of
whether the I MF can solve the prevailing problems in this region and how
Mexican's crisis is different from the East-asian are also discussed. Lastly,
several recommendations are made with a view to strengthen and improve the
economic fundamentals of Malaysia.
The possible causes of the crisis incudes: poor financial and banking system
resulting in substantial non-performing loans, Investors' loss of confidence, less
competitive exports, unproductive investments and over-dependence on the
foreign capital.
Malaysia was hit badly by this crisis. The value of Ringgit fell from 2. 6450 in July
1997 to 4. 1 550 against the US Dollar in July 1998 whilst the Composite Index fell
from 1,0 1 2. 84 in July 1997 to 402.65 in July 1998 . The Gross Domestic Product
( GDP ) growth rate was forecasted to be - 1% to -2% compared with the average
GDP growth rate of 8.8 % for the period between 1988 to 1997.It is evident that IMF cannot provide solution to East-asian countries as countries
who resorted to I MF's bail-out do not seem to recover from their crisis.
East-asian's crisis is by nature different from that of the Mexican's crisis in 1995.
The former is solvency crisis whereas the latter is liquidity crisis.
Malaysian government should strengthen its economic fundamentals by
implementing several measures such as making it compulsory to make use of
local manufactured parts. Agriculture sector should be revived as it can save
the country for RM 9 billion on food. To develop Information Technology,
Education and Tourism sectors to generate foreign exchange for the country.
Regulations should be imposed to prevent sudden outflow of foreign portfoliofunds.
The Banking sectors has to be strengthen and not to allow politicians to
have hands in the Banking industry loans should only be approved based on its
merit only
Factors Influencing Auction Outcomes: Bidder Turnout, Auction Houses and Market Conditions
This study provides new evidence on the outcomes of auctions of residential real estate, focusing on the effects of bidder turnout, pricing, market conditions and auction houses. Our analysis of properties offered for sale by auction in Singapore from 1995 to 2000 shows that several variables are significant in explaining why an auction results in a sale or not. These variables included the state of the market, the timing of the auction (year), the number of bidders at the auction and the auction house. We also find that the probability of a sale is higher for distress sales, for more homogenous properties and for those located in the central region. Finally, we provide a sensitivity analysis of how market conditions and the choice of auction house influence the probability of a sale.
Optimization of Analytic Window Functions
Analytic functions represent the state-of-the-art way of performing complex
data analysis within a single SQL statement. In particular, an important class
of analytic functions that has been frequently used in commercial systems to
support OLAP and decision support applications is the class of window
functions. A window function returns for each input tuple a value derived from
applying a function over a window of neighboring tuples. However, existing
window function evaluation approaches are based on a naive sorting scheme. In
this paper, we study the problem of optimizing the evaluation of window
functions. We propose several efficient techniques, and identify optimization
opportunities that allow us to optimize the evaluation of a set of window
functions. We have integrated our scheme into PostgreSQL. Our comprehensive
experimental study on the TPC-DS datasets as well as synthetic datasets and
queries demonstrate significant speedup over existing approaches.Comment: VLDB201
Dynamic dissipative cooling of a mechanical oscillator in strong-coupling optomechanics
Cooling of mesoscopic mechanical resonators represents a primary concern in
cavity optomechanics. Here in the strong optomechanical coupling regime, we
propose to dynamically control the cavity dissipation, which is able to
significantly accelerate the cooling process while strongly suppressing the
heating noise. Furthermore, the dynamic control is capable of overcoming
quantum backaction and reducing the cooling limit by several orders of
magnitude. The dynamic dissipation control provides new insights for tailoring
the optomechanical interaction and offers the prospect of exploring macroscopic
quantum physics.Comment: accepetd in Physical Review Letter
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