There are occasions in which an agent lengthens its own action through the implementation of a foreign activity for its own interests. We focus on the occasional dependence relation between a principal agent and a helper agent. In particular, we are interested in the helper’s harmful performance that has its origin in extra contractual situations e.g. factual and/or occasional situations based ...

I spoke in June in Canberra to a joint luncheon meeting of the AIBF and two other local organisations. My theme was the many faces of risk in banking. Today I would like to expand on a couple of the risks I touched on then, namely: • the Year 2000 problem; and • payments system risk, particularly in relation to settlement of foreign exchange transactions. This also gives me the opportunity to t...

A bottom-up approach for photonic crystal emitters and LEDs with semipolar quantum wells on large foreign substrates is presented. Structured c-oriented GaN/AlGaN templates are overgrown with GaN nanostripes and semipolar QWs emitting in the true-green spectral region. After embedding, the stripes and the growth mask act as one-dimensional (1D) photonic crystal. Electroluminescence shows bright...

India is transforming its economy, there infrastructure development, introduction of technology into majority the sector. adopting smart and sustainable living to become self sufficient with aim reduce imports promote exports in foreign trade. The country has allowed 100% FDI a number sectors. becoming an manufacturing hub made scheme being implemented every sector from agricultural Industrial ...

The article analyzes the views of foreign authors on Russia's confessional policy towards Islam. Most written works concerning politics in empire reflect new and urgent problems. In recent years, spread Islam Russian Empire religious aspects its state Muslims have attracted interest many researchers. Empire, Orenburg Mohammedan Spiritual Assembly is great importance. opinions a number this issu...

The notions of self-similarity, scaling, fractional processes and long range dependence have been repeatedly used to describe properties of financial time series: stock prices, foreign exchange rates, market indices and commodity prices. We discuss the relevance of these concepts in the context of financial modelling, their relation with the basic principles of financial theory and possible eco...

We consider the relation among the federal funds rate and the Federal Reserve’s expectations for future inflation, the future gap between actual and potential output, and the future foreign exchange value of the U.S. dollar. The coefficients of this relation are biased when relevant explanatory variables are omitted and/or when the included explanatory variables are measured with error. This pr...

W develop a global equilibrium asset pricing model assuming that investors suffer from foreign aversion, a preference for home assets based on familiarity. Using a utility formulation inspired by regret theory, we derive closed-form solutions. When the degree of foreign aversion is high in a given country, investors place a high valuation on domestic equity, which results in a low expected retu...