نتایج جستجو برای: g01
تعداد نتایج: 220 فیلتر نتایج به سال:
A fund’s performance is usually compared to the performance of an index or other funds. If a fund trails the benchmark, the fund manager is often replaced. We argue that this may lead to excessive risk-taking if fund managers differ in ability and have the opportunity to take excessive risk. To match the benchmark, fund managers may increase the risk of their portfolio even if this decreases th...
We investigate the heterogeneous boom and bust patterns across countries that emerge as a result of global shocks. Our analysis sheds light on emergence core periphery countries, joint determination depth recessions tightness credit countries. The model implies interest rates are similar in booms, with larger output growth However, common shock leads to crunch globe gives rise sharper spike dee...
در گذشته تئوری های رشد اقتصادی، کمبود منابع واقعی مانند زمین و سرمایه را از محدودیت های اصلی رشد اقتصادی قلمداد می کردند و نقش بازارهای مالی را نادیده می گرفتند. ولی تئوری های جدید بر آزادی عمل بخش مالی و اهمیت بخش مالی در پروسه توسعه تاکید می کنند. همچنین طرفداران اقتصاد بازار معتقدند شکوفا کردن بازارهای رقابتی، خصوصی کردن بنگاه های دولتی، تجارت آزاد، جذب سرمایه های خارجی و حذف مقررات زاید دول...
Ursolic acid (UA) is a promising natural compound for cancer prevention and therapy. We previously reported that UA induced apoptosis in CML-derived K562 cells. Here we show that the apoptotic process is accompanied by down-regulation of Bcl-xL and Mcl-1 expression and dephosphorylation of Bad. These events are associated with Stat5 inhibition, which is partially mediated through elevated expre...
XN4 might induce DNA damage and apoptotic cell death through reactive oxygen species (ROS). The inhibition of proliferation of K562 and K562/G01 cells was measured by MTT (3-(4,5-Dimethylthiazol-2-yl)-2,5-Diphenyltetrazolium Bromide). The mRNA levels of NADPH oxidase 1-5 (Nox1-5) genes were evaluated by qRT-PCR. The levels of extracellular reactive oxygen species (ROS), DNA damage, apoptosis, a...
We examine whether by adding a credit channel to the standard New Keynesian model we can account better for the behaviour of US macroeconomic data up to and including the banking crisis. We use the method of indirect inference which evaluates statistically how far a models simulated behaviour mimics the behaviour of the data. We nd that the model with credit dominates the standard model by a ...
I solve in closed form for the optimal dynamic risk choice of a fund manager who is compensated with a high-water mark contract. The optimal risk choice depends on the ratio of the fund’s assets under management to its high-water mark. If the manager’s outside option value is low, investors’ termination policy is strict, or management fees are high, then negative returns induce the manager into...
This article analyzes the dynamic coordination problem among creditors of a firm with a time-varying fundamental and a staggered debt structure. In deciding whether to roll over his debt, each maturing creditor is concerned about the rollover decisions of other creditors whose debt matures during his next contract period. We derive a unique threshold equilibrium and characterize the roles of fu...
This paper investigates how financial-sector leverage affects macroeconomic instability and welfare. In the model, banks borrow (use leverage) to allocate resources to productive projects and provide liquidity. When banks do not actively issue new equity, aggregate outcomes depend on the level of equity in the financial sector. Equilibrium is inefficient because agents do not internalize how th...
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