This paper analyzes the role of bank competition on the life-cycle dynamics of non-financial industries. Using multi-dimensional data sets, which contain information on job creation and destruction for establishments in U.S. manufacturing sectors operating in different geographical regions and over time, I find evidence that bank competition accelerates the expansion of start-ups and helps them...

Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank...

In complex socio-economic and political conditions, economic entities must have a sufficient level of stability its reserve for normal life activities. Therefore, the problems assessment analysis are urgent require immediate solution. The purpose article was to study determination sustainability entities, reserve, substantiation logic stages this determination, formation an appropriate analytic...

A rm whose net earnings are uncertain, and that is subject to the risk of bankruptcy, must choose between paying dividends and retaining earnings in a liquid reserve. Also, diierent operating strategies imply diierent combinations of expected return and variance. We model the rm's cash reserve as the diierence between the cumulative net earnings and the cumulative dividends. The rst is a diiusi...

OBJECTIVE The present study was performed to compare coronary flow reserve by transesophageal Doppler echocardiography and intracoronary Doppler flow wire measurements in patients with LAD disease. METHODS 17 patients with various degree of LAD stenosis were studied. Intracoronary LAD Doppler measurements were performed at baseline and after intracoronary injection of 18 micrograms adenosine....

The growth in the importance of interruptible sources of energy is increasing the concerns of many electricity market regulators with respect to the reliability and stability of electricity supply. Decisions such as that to increase the number of reserve markets, their reserve requirements, or the role of reserve prices in the final electricity price have meant that generation plants are curren...

The power-sharing possibility amongst microgrids (MGs) in networked (NMGs) offers multiple profits to the NMG by employing an applicable energy management system. An efficient system can provide adequate compromise terms of component sizing NMGs through MG collaboration. This paper proposes a procedure size for isolated hybrid microgrid. proposed design relies on optimum operation individual MG...