Sustainable tourism, sustainable development through tourism, principles of sustainable
development in tourism and tourism development in terms of sustainable tourism, in the
literature often treated as names for the same phenomenon, are becoming increasingly
interesting for scholars and practicians of tourism from various countries.
ndustrial process tomography remains a multidisciplinary field with considerable interest for many varied participants. Indeed this adds greatly to its appeal. It is a pleasure and a privilege to once again act as guest editor for a special feature issue of Measurement Science and Technology on industrial process tomography, the last being in December 2002. Those involved in the subject appreciate the efforts of Measurement Science and Technology in producing another issue and I thank the journal on their behalf....
The Panel on Computer Science and Artificial Intelligence was established in early 1992 by the Naval
Studies Board (NSB) of the National Research Council in response to a request from the Naval Research
Brewer, Minton, and Moser (2000), we evaluate an equation relating the determinants of C&I
lending and the impact of derivatives on C&I lending activity. The major finding in this
study is that the interest-rate derivatives allow commercial banks to lessen their systematic
exposure to changes in interest rates, which enables banks to increase their lending activities
without increasing the total risk level faced by the banks. This consequently increases the
banks’ abilities to provide more intermediation services.
In this section we look at data concerning 10-year government bond yields. Although
our main interest is the default risk, this presents only one channel through which
fiscal policies can affect long-term yields. There are other channels operating through
monetary-fiscal interaction, which should be reflected in the evolution of yields.
Therefore we start our descriptive analysis in this section by looking at yields,
forward rates and inflation expectations at a weekly frequency. Then we move to an
analysis of interest rate swap spreads, at a weekly and daily frequency.
he Bureau of Industry and Security (BIS) is an agency of the United States Department of Commerce which deals with issues involving national security and high technology. A principal goal for the bureau is helping stop proliferation of weapons of mass destruction, while furthering the growth of United States exports. The Bureau is led by the Under Secretary of Commerce for Industry and Security.
The mission of the BIS is to advance U.S. national security, foreign policy, and economic interests.
This approach has several advantages in comparison to Structural VARs.
First, this model doesnít use identiÖcation assumptions and the sensitivity
of the results to them (see for example Evans and Marshall (1998) where
three di§erent empirical strategies are used).
The different views presented in the previous section suggest different aspects of how
the SGP could affect capital market expectations about future developments, and
hence prices for fixed government securities. If a strict interpretation of the SGP
reduces budgetary flexibility and short-term growth prospects, it might lead to lower
short or medium term interest rates. Conversely, if the central bank considers any
breach or lax implementation of the Pact as an indication of an unduly expansionary
fiscal policy leading to higher inflation, it could foreclose a monetary easing.
This paper describes basic characteristics of major production units from a pulp and paper manufacturing plant, focusing on major aspects of risk exposure experienced during construction and operation. Different types of pulp and paper manufacturing processes are presented with particular consideration of risks pertaining to the production stage and pertaining to new technology. Turbines and gas turbines are not handled in this paper due to the fact that these have been presented in earlier IMIA papers. The last chapter is dedicated to some interesting cases of loss.
Governments everywhere responded to the panic by pumping more equity into banks,
greatly expanding the ambit of their deposit insurance, and opening up various central bank
discount windows for distress borrowers. This gigantic effort seems to have reduced
counterparty party risk, the fear of bank failure, in interbank trading. Figure 1 shows the one-
month LIBOR rate coming down close to the Fed funds rate, now near zero, by mid 2009.
One final word of caution. It is true that imperfect asset substitutability does give the
government or the central bank an additional policy tool. But there is a qualification:
Goodhart’s Law will eventually apply to debt operations.
The central bank may virtually fix
the yield of its target bond. But if central bank action is known to have concentrated on a
particular maturity, then its information content is compromised. Investors may judge that
such paper is overpriced relative to paper of other maturities, and therefore avoid buying it.
Keynes’s liquidity preference theory touched on the maturity transformation issue. He argued
that the private sector’s willingness to assume liquidity and maturity risks is not
well-anchored in fundamentals. Instead it is strongly influenced by subjective factors. Hence
his policy prescription was that government debt issuance should “accommodate the
preferences of the public for different maturities”. It was, he argued, socially desirable that
risk-averse investors should be offered some minimum, safe return on their capital.
This paper examines the pollution control policies applied in China’s paper industry during the period of economic reform from 1982 to 1992. The paper industry is the source of ten percent of China’s industrial wastewater emissions and one fourth of its chemical oxygen demand. It is the largest source of rural environmental pollution. The very small size of china’s mills is comparable to that of papermills in many developing countries and this small size itself creates an interesting problem.
By encouraging these lending practices, usury ceilings may fail to give consumers the
protection and benefits that they were intended to provide. That is, usury laws may actually
reduce the amount of credit that is available to low income or inexperienced borrowers.
Low-priced credit is not useful to those who cannot meet the requirements for obtaining it.
Thus, when lenders ration credit by some means other than price, first-time borrowers,
small borrowers, low-income and high-risk borrowers are likely to find it more difficult to
Usury laws establish a legal maximum interest rate (or price) that lenders may charge for a
loan or extension of credit. These laws are, in effect, a form of price control.
When a usury law is introduced, it may have no impact on the credit market or it may alter
the way in which price and quantity are determined. Exactly what happens depends on
where the usury ceiling is relative to the market rate.
When the legal ceiling is above the market rate of interest, the law has no effect at all. The
market forces of supply and demand are not bound by the usury...
Originally, it was planned that there would be equal numbers of males and females and an equal
number of students from the four faculties with the highest percentage of NESB students. However, as
noted above, the opportunity to sit a free IELTS Test proved to be much more attractive to some
students from some faculties than to others. There was no interest from students enrolled in the
Faculty of Design, Architecture and Building, and a great deal of interest from students enrolled in the
Faculty of Nursing, Midwifery and Health.
Saad Ibrahim has over 30 years of diversified experience in the Petroleum Industry in Western Canada and internationally, including projects in Libya, Yemen, Kazakstan, Venezuela and Argentina, with special expertise in reservoir engineering with emphasis on field development planning, evaluation of depletion strategies and production optimization of a wide spectrum of oil and gas fields.
ISO (the International Organization for Standardization) is a worldwide federation of national standards bodies
(ISO member bodies). The work of preparing International Standards is normally carried out through ISO
technical committees. Each member body interested in a subject for which a technical committee has been
established has the right to be represented on that committee. International organizations, governmental and
non-governmental, in liaison with ISO, also take part in the work.
This preface describes the purpose, intended audience, organization, and conventions
for the Cisco IP Telephony Network Design Guide. This document serves as an implementation guide for Cisco AVVID (Architecture
for Voice, Video and Integrated Data) networks based on Cisco CallManager
Release 3.0(5). With such a high level of industry interest regarding IP telephony,
customers are aggressively pursuing Cisco solutions for both large and small
networks. Solutions based on Cisco CallManager Release 3.0(5) allow Cisco to
deliver large-scale IP telephony systems with many capabilities....