Lecture Money and banking - Lecture 15: Shifts in equilibrium in the bond market and risk presents the following content: Shifts in equilibrium in bond market, bond and risk, default risk, inflation risk, interest rate risk.
As the financial system in most emerging economies is centred on banks, an important aspect of the
development of bond markets is the impact on the banking system. One frequently heard worry is that
bond markets could take business away from the banks. This raises some potential concerns for bank
supervisors. On the other hand, if it means firms are less vulnerable to weaknesses in the banking
system, corporate bond issuance can help central banks achieve steady economic growth.
Some authors have modeled the multiproduct price competition in dierentiated
goods where, as in our model, consumers can engage in mixing purchases between shops.
Lal and Matutes (1989) have studied price competition in a duopoly selling two independent
goods. They nd that in equilibrium retailers will charge dierent but deterministic
prices and may even capture the entire consumer surplus of the less mobile consumers.
Tuyển tập báo cáo các nghiên cứu khoa học quốc tế ngành hóa học dành cho các bạn yêu hóa học tham khảo đề tài: Strong convergence theorems for system of equilibrium problems and asymptotically strict pseudocontractions in the intermediate sense
The aim of this chapter is to set the scene for the rest of the book by showing how the content
of the remaining chapters will form the basis of the technical knowledge that a professional
mechanical engineer needs during a career. By considering a typical engineering problem it is
shown that the four main subjects that make up this text are really all parts of a continuous body
of knowledge that will need to be used in an integrated manner.
The chapter concludes by looking at the units that are used in engineering and showing the
importance of keeping to a strict system of units....
Any value that you'll run across as an engineer will either be unitless or, more commonly, will
have specific types of units attached to it. In order to solve a problem effectively, all the types of
units should be consistent with each other, or should be in the same system. A system of units
defines each of the basic unit types with respect to some measurement that can be easily
duplicated, so that for example 5 ft. is the same length in Australia as it is in the United States.
There are five commonly-used base unit types or dimensions that one might encounter (shown