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This paper uses a general equilibrium model to examine the central role played by commercial banks in intermediating and amplifying the capital flow shocks to the local economy in the 1997 Asia financial crisis. It finds that a sudden stop of capital inflows affects the equilibrium credit supply through two channels: first, the plunge of foreign financing decreases the loanable funds directly; and second the sudden stop drives up the cost of providing banking services, thereby additionally reducing the available bank credit to firms through a "deposit run". Empirical results from a VAR model broadly support the theoretical implications.
Banks and Banking --- Exports and Imports --- Money and Monetary Policy --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Investment --- Long-term Capital Movements --- Monetary economics --- Banking --- International economics --- Bank credit --- Credit --- Capital flows --- Commercial banks --- Banks and banking --- Capital movements --- Korea, Republic of --- Equilibrium (Economics) --- Financial crises --- Econometric models.
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Economics --- Operational research. Game theory --- Environmental protection. Environmental technology --- economie --- milieuzorg --- speltheorie --- operationeel onderzoek --- China
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Based on the latest version of designing codes both for buildings and bridges (GB50010-2010 and JTG D62-2004), this book starts from steel and concrete materials, whose properties are very important to the mechanical behavior of concrete structural members. Step by step, analysis of reinforced and prestressed concrete members under basic loading types (tension, compression, flexure, shearing and torsion) and environmental actions are introduced. The characteristic of the book that distinguishes it from other textbooks on concrete structures is that more emphasis has been laid on the basic theories of reinforced concrete and the application of the basic theories in design of new structures and analysis of existing structures. Examples and problems in each chapter are carefully designed to cover every important knowledge point. As a basic course for undergraduates majoring in civil engineering, this course is different from either the previously learnt mechanics courses or the design courses to be learnt. Compared with mechanics courses, the basic theories of reinforced concrete structures cannot be solely derived by theoretical analysis. And compared with design courses, this course emphasizes the introduction of basic theories rather than simply being a translation of design specifications. The book will focus on both the theoretical derivations and the engineering practices.
Civil Engineering --- Civil & Environmental Engineering --- Engineering & Applied Sciences --- Mechanics. --- Mechanics, Applied. --- Computer aided design. --- Building Construction and Design. --- Solid Mechanics. --- Computer-Aided Engineering (CAD, CAE) and Design. --- CAD (Computer-aided design) --- Computer-assisted design --- Computer-aided engineering --- Design --- Applied mechanics --- Engineering, Mechanical --- Engineering mathematics --- Classical mechanics --- Newtonian mechanics --- Physics --- Dynamics --- Quantum theory --- Concrete construction. --- Buildings—Design and construction. --- Building. --- Construction. --- Engineering, Architectural. --- Computer-aided engineering. --- CAE --- Engineering --- Architectural engineering --- Buildings --- Construction --- Construction science --- Engineering, Architectural --- Structural design --- Structural engineering --- Architecture --- Construction industry --- Data processing --- Design and construction
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This book systematically presents the topological structure of solution sets and attractability for nonlinear evolution inclusions, together with its relevant applications in control problems and partial differential equations. It provides readers the background material needed to delve deeper into the subject and explore the rich research literature. In addition, the book addresses many of the basic techniques and results recently developed in connection with this theory, including the structure of solution sets for evolution inclusions with m-dissipative operators; quasi-autonomous and non-autonomous evolution inclusions and control systems;evolution inclusions with the Hille-Yosida operator; functional evolution inclusions; impulsive evolution inclusions; and stochastic evolution inclusions. Several applications of evolution inclusions and control systems are also discussed in detail. Based on extensive research work conducted by the authors and other experts over the past four years, the information presented is cutting-edge and comprehensive. As such, the book fills an important gap in the body of literature on the structure of evolution inclusions and its applications.
Mathematics. --- Dynamics. --- Ergodic theory. --- Differential equations. --- Probabilities. --- Ordinary Differential Equations. --- Dynamical Systems and Ergodic Theory. --- Probability Theory and Stochastic Processes. --- Differential inclusions. --- Inclusions, Differential --- Differentiable dynamical systems --- Differential equations --- Set-valued maps --- Differential Equations. --- Differentiable dynamical systems. --- Distribution (Probability theory. --- Distribution functions --- Frequency distribution --- Characteristic functions --- Probabilities --- Differential dynamical systems --- Dynamical systems, Differentiable --- Dynamics, Differentiable --- Global analysis (Mathematics) --- Topological dynamics --- 517.91 Differential equations --- Probability --- Statistical inference --- Combinations --- Mathematics --- Chance --- Least squares --- Mathematical statistics --- Risk --- Ergodic transformations --- Continuous groups --- Mathematical physics --- Measure theory --- Transformations (Mathematics) --- Dynamical systems --- Kinetics --- Mechanics, Analytic --- Force and energy --- Mechanics --- Physics --- Statics
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Cambodia, like its regional peers, offers a number of tax incentives to investors. This paper reviews these incentives to assess their costs and benefits, including their likely effectiveness in attracting capital and in supporting the diversification strategy. It finds that an important incentive, the tax holiday, differs materially from practice elsewhere in offering a deferral rather than exempting from tax and may not be very effective. Moreover, other features of the tax system, such as the high withholding rate on dividends, imply relatively high effective tax rates for foreign investors. The paper discusses potential reforms that weigh revenue and other costs of tax incentives against the need for a competitive tax system, including a shift from tax holidays toward investment allowances.
Taxation --- Corporate Taxation --- Business Taxes and Subsidies --- Tax Evasion and Avoidance --- Taxation, Subsidies, and Revenue: General --- Personal Income and Other Nonbusiness Taxes and Subsidies --- Public finance & taxation --- Corporate & business tax --- Tax incentives --- Tax holidays --- Effective tax rate --- Withholding tax --- Corporate income tax --- Taxes --- Tax policy --- Tax administration and procedure --- Income tax --- Corporations --- Cambodia
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Fractional evolution equations provide a unifying framework to investigate wellposedness of complex systems with fractional order derivatives. This monograph presents the existence, attractivity, stability, periodic solutions and control theory for time fractional evolution equations. The book contains an up-to-date and comprehensive stuff on the topic.
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Based on the latest version of designing codes both for buildings and bridges (GB50010-2010 and JTG D62-2004), this book starts from steel and concrete materials, whose properties are very important to the mechanical behavior of concrete structural members. Step by step, analysis of reinforced and prestressed concrete members under basic loading types (tension, compression, flexure, shearing and torsion) and environmental actions are introduced. The characteristic of the book that distinguishes it from other textbooks on concrete structures is that more emphasis has been laid on the basic theories of reinforced concrete and the application of the basic theories in design of new structures and analysis of existing structures. Examples and problems in each chapter are carefully designed to cover every important knowledge point. As a basic course for undergraduates majoring in civil engineering, this course is different from either the previously learnt mechanics courses or the design courses to be learnt. Compared with mechanics courses, the basic theories of reinforced concrete structures cannot be solely derived by theoretical analysis. And compared with design courses, this course emphasizes the introduction of basic theories rather than simply being a translation of design specifications. The book will focus on both the theoretical derivations and the engineering practices.
Applied physical engineering --- Engineering sciences. Technology --- Programming --- Artificial intelligence. Robotics. Simulation. Graphics --- Computer. Automation --- Building design --- Building materials. Building technology --- Civil engineering. Building industry --- Architecture --- computers --- bouwkunde --- architectuur --- KI (kunstmatige intelligentie) --- ingenieurswetenschappen --- bouw --- mechanica --- CAD (computer aided design) --- AI (artificiële intelligentie)
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This book systematically presents the topological structure of solution sets and attractability for nonlinear evolution inclusions, together with its relevant applications in control problems and partial differential equations. It provides readers the background material needed to delve deeper into the subject and explore the rich research literature. In addition, the book addresses many of the basic techniques and results recently developed in connection with this theory, including the structure of solution sets for evolution inclusions with m-dissipative operators; quasi-autonomous and non-autonomous evolution inclusions and control systems;evolution inclusions with the Hille-Yosida operator; functional evolution inclusions; impulsive evolution inclusions; and stochastic evolution inclusions. Several applications of evolution inclusions and control systems are also discussed in detail. Based on extensive research work conducted by the authors and other experts over the past four years, the information presented is cutting-edge and comprehensive. As such, the book fills an important gap in the body of literature on the structure of evolution inclusions and its applications.
Differential geometry. Global analysis --- Ergodic theory. Information theory --- Differential equations --- Operational research. Game theory --- Probability theory --- differentiaalvergelijkingen --- differentiaal geometrie --- waarschijnlijkheidstheorie --- stochastische analyse --- kansrekening --- informatietheorie
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