Foreign investors generally underperform domestic investors in trading activities. This study shows that their inferior performance is attributable to non-initiated orders. Foreign investors actually perform better than domestic investors in initiated orders. In addition, their performance is also mixed when trades are classified depending on who the counterparties are. These mixed performances...

In this paper, I show how procyclical capital flows originate boom-bust and sunspot episodes in a neoclassical growth model of a small, open economy. All markets are perfect, with the exception of the fact that some upper, endogenous limit is imposed on how much the economy can borrow from foreign creditors, due to potential debtor default. It is shown that the steady state is locally indetermi...

Intermittent nature of wind power faced ISO and power producers with new challenges. Wind power uncertainty has increased the required reserve capacity and deployment reserve. Consequently, large-scale wind power generation increases ISO costs and consequently reserve prices. On the other hand, since wind power producers are price taker, large-scale wind power generation decreases residual dema...

forest reserves are one of the most important approaches in ecosystem management in iran. in order to determine the effects of reserve management on plants diversity (woody plants and ground flora) in three zones (core zone, buffer zone, and transmission zone of chamhesar pear forest reserve), we mapped land form units. then 18 main sampling units (20×50=1000 m2) distributed randomly were chose...

We propose a small open economy model where agents borrow internationally and invest in liquid foreign assets to insure against liquidity shocks, which temporarily shut out the of short-term credit markets. Due pecuniary externality, individual overborrow hold too little relative social planner. This inefficiency rationalizes macroprudential policy intervention form reserve accumulation at cent...

background: reduced ovarian reserve has been known to predict poor ovarian response and poor success rates in infertile women undergoing assisted reproductive technology. ovarian reserve also decreases with age but the rate of decline defers from a woman to another. the aim of this study was to detect any difference in ovarian reserve as measured by basal serum fsh and amh between matched cohor...

In the breeding season f 2018, we found a much larger egg in one nest of Cinereous Tit (Parus cinereus) Zuojia Nature Reserve, Jilin Province, China. The tit pair abandoned their soon after alien hatched, which resulted death foreign chick. Based on DNA identification, this chick was confirmed as Great Spotted Woodpecker (Dendrocopos major), suggesting that woodpecker laid or carried her own eg...

The relevance of the presented scientific research lies in search for new data on foreign economic factors that can change world oil prices. purpose study is to predict prices Brent crude based impact external factors, because influence supply and demand energy market has significantly weakened. To achieve study, following tasks were solved: theoretical foundations considered; a methodological ...