Memories are the precious moments thrown into everyone's life journey by the almighty. 'A Kaleidoscopic Analepsis' is a collection of writeups by various talented writers from different parts of India, that can shower the radiance of Indian culture and tradition. I am grateful to all the co-authors for their contributions to this wonderful anthology and would like to dedicate this book to all my family members. This book was an opportunity to recall the unforgettable memories of last year for every author and they won to weave the magic of letters in each flap of the anthology. Everybody has different chapters of memories; some are florets of happiness and some are dark clouds of sorrow. I hope that this contribution is an inspiration for every upcoming writer, who wants to influence every literature enthusiast and reader. As a writer, I got an interesting opportunity to work with many wonderful writers and I am very glad to say that each work has occupied a priceless position in my heart. Moreover, I like to appreciate the cooperation of all writers in completing this amazing creation.
This book is designed to serve as a textbook for core as well as elective courses offered to undergraduate and advanced undergraduate students enrolled in chemistry. This textbook comprehensively deals various topics of organic chemistry such as amino acids, peptides, proteins and enzymes. The text is divided into four chapters: a chapter each dedicated to amino acids, peptides, proteins and enzymes, respectively. The important reactions have been explained with the help of the mechanisms involved. It gives a detailed account of the solution phase and solid phase synthesis of peptides as well as discussing the structure and function of some biologically important peptides. It also covers the classification, nomenclature and mode of action of enzymes, and a detailed account of the structure and function of different co-enzymes. The book also includes pedagogical features like end-of-chapter exercises to aid in self learning. Given the scope, this textbook will be useful for graduate and advanced graduate students pursuing the course of chemistry, especially organic chemistry.
Things just happen. We never know what is coming and what goes wrong. But eventually, once it is over, it becomes a funny story from the past. With Iva every day, thigs just happen. Witnessing an almost murder scene to overcoming an emergency pet sitting disaster. Despite the things that happen around you, what you choose to do and how you respond is what matters. I have not given an appearance description for Iva and some of the other characters. I want you to imagine their looks according to your preferences. I feel you will be able to connect better with the characters that way. Imagination is a great gift our mind lets us have, I use it plenty, I hope you will use it well too.
This paper shows that increasing government social expenditures can make a substantive contribution to increasing household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It then applies a generational accounting framework to Chinese household income survey data. This analysis suggests that a sustained 1 percent of GDP increase in public expenditures, distributed equally across education, health, and pensions, would result in a permanent increase the household consumption ratio of 11⁄4 percentage points of GDP.
This paper examines two important issues for a small high-inflation open economy with trade controls where the government implements an exchange-rate based stabilization program: first, the extent to which the degree of openness of the economy influences the probability of success of the program; and second, the conditions under which a trade reform, implemented in conjunction with the stabilization program, will increase the probability that stabilization will be successful. The paper shows that in an economy with high export and import price elasticities, structural reforms to increase openness can be important in determining the success of the program.
In an age flooded with gizmos and gadgets, where technology rules the roost, with Facebook, Snapchat, Twitter and Instagram getting the better of all of us, where everyone seems to have less connect with people and themselves, where people lead more stressful and anxious lives – in short, a world fueling unhappiness, there is this growing need to pause and think – to realize the beauty of life and its true meaning, to experience happiness. Students these days face undue stress, be it exam pressure, peer pressure, depression or other psychological factors. Adults too need to meet deadlines and work pressure seems to be taking its toll. Happy Morphosis is the author’s attempt to take you across the boulevard in the pursuit of happiness. How we all need to work on the different facets required for everlasting bliss is what is touched upon in this book. Happiness is being talked about all over the globe. “ Universities around the world are teaching on it, scientists have been making a study of it, governments are appointing cabinet positions to oversee it, and Google analytics prove that people are searching for it. In fact, it is one of humanity’s oldest pursuits’. All of us can be catalysts to spread happiness. Are YOU the one ?
Fiscal discipline is essential to improve and sustain economic performance, maintain macroeconomic stability, and reduce vulnerabilities. Discipline is especially important if countries, industrial as well as developing, are to successfully meet the challenges, and reap the benefits, of economic and financial globalization. Lack of fiscal discipline generally stems from the injudicious use of policy discretion. The benefits of discretion are seen in terms of the ability of policymakers to respond to unexpected shocks and in allowing elected political representatives to fulfill their mandates. But discretion can be misused, resulting in persistent deficits and procyclical policies, rising debt levels, and, over time, a loss in policy credibility. The authors first explore the role of discretion in fiscal policy, and the extent, consequences, and causes of procyclicality, particularly in good times. They then examine how a variety of institutional approaches—fiscal rules, fiscal responsibility laws, and fiscal agencies—can help improve fiscal discipline. While each of these approaches can play a useful role, the authors suggest that a strategy combining them is likely to be particularly beneficial. Although such a strategy requires political commitment and effective fiscal management, at the same time, the strategy itself can bolster political commitment by highlighting the restraints on government and raising the costs of failing to respect them.
Energy exports, which are already the primary source of Soviet convertible currency earnings and an important contributor to the budget, could bring in much more revenue if the Soviet Union were to reduce its extremely high levels of energy consumption. To encourage this process, energy prices need to be raised substantially. Under plausible assumptions, it is shown that an increase in prices could yield sizable foreign exchange earnings. Large increases in energy prices could, however, threaten the solvency of industrial enterprises, precipitate major economic and social dislocation, and severely strain interrepublican economic relationships.
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
This paper discusses several proposals for a wholesale privatization of public enterprises in Eastern Europe. These proposals include the distribution of ”vouchers” to private citizens as well as the use of mutual funds, privatization companies and other forms of financial intermediaries. The paper analyzes the implications for economic efficiency of the different forms of ownership and control that would emerge from the proposals as well as their main macroeconomic consequences.
This paper discusses three important extensions to the developing country scenario and adjustment model used in the World Economic Outlook exercises. First, the model is augmented to include fiscal and monetary sectors and now explicitly captures links among government policy, investment, output and inflation. Second, the external sector is modified to allow domestic demand factors to influence imports, as well as allowing flexibility in the financing of imports. Third, the model system is extended to the group of net-creditor countries, and for the oil exporters within this group, oil exports are modeled separately. The revised model is estimated for each of the 95 developing countries and parameter estimates for each of the main equations are presented. The paper also reports the results of four simulation exercises to illustrate how the new model system may be used to quantify the effects of changes in domestic policies and in the external environment.
The North Eastern Region is a rich respositary of useful plants. These plants have not been studied in detail regarding their characteristics, use, utilization, potential and also as a source of valuable protein. This publication is an number attempt in the above direction and may from the basis of further detailed work. The author is fully conscious of the present publication. Much more could have been done but because of the problems of insurgency, difficult terrain and lack of literature and information on the plants of the region were the constraints and this is all what the author could do. The author will feel satisfied and amply rewarded if this publication stimulates further efforts and studies on these valuable plants and those listed in the second chapter as compendium of useful plants of the region. A chapter on useful plants of the region has also been added, so that, all those who may be interested in knowing the plant wealth of this remote region. This part is especially for those, who may be interested in the development and progress of the region and to remove regional imbalance and may be useful for all those, who may be interested in pursuing studies on specific groups of plants.
The recent sharp increase in fiscal deficits and government debt in many countries raises questions regarding their impact on long-term sovereign bond yields. While economic theory suggests that this impact is likely to be adverse, empirical results have been less clear cut, have generally ignored nonlinear effects of deficits and debt through some other key determinants of yields, and have been mostly confined to advanced economies. This paper reexamines the impact of fiscal deficits and public debt on long-term interest rates during 1980 - 2008, taking into account a wide range of country-specific factors, for a panel of 31 advanced and emerging market economies. It finds that higher deficits and public debt lead to a significant increase in long-term interest rates, with the precise magnitude dependent on initial fiscal, institutional and other structural conditions, as well as spillovers from global financial markets. Taking into account these factors suggests that large fiscal deficits and public debts are likely to put substantial upward pressures on sovereign bond yields in many advanced economies over the medium term.
This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into account a broad range of determinants of growth as well as various estimation issues including reverse causality and endogeneity. In addition, threshold effects, nonlinearities, and differences between advanced and emerging market economies are examined. The empirical results suggest an inverse relationship between initial debt and subsequent growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the initial debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.2 percentage points per year, with the impact being somewhat smaller in advanced economies. There is some evidence of nonlinearity with higher levels of initial debt having a proportionately larger negative effect on subsequent growth. Analysis of the components of growth suggests that the adverse effect largely reflects a slowdown in labor productivity growth mainly due to reduced investment and slower growth of capital stock.
References to policy credibility, particularly with regard to fiscal policy, are ubiquitous in both economic literature and financial markets, even though it is not directly observable. The case of the EU new member states (NMS)-emerging markets joining a supranational entity that is generally considered to have higher policy credibility-provides a unique experiment to assess the effects of credibility on sovereign credit. This paper examines the impact of EU accession on three key variables that can reflect in varying degrees policy credibility: sovereign ratings, foreign currency spreads, and local currency yields. The results suggest that the NMS appear to have enjoyed higher credibility compared to their peers.
Drought is a natural hazard characterized by lower than expected or lower than normal rainfall having slow but widespread impact. This book focus on drought management and mitigation in agriculture and allied sectors. The chapters cover Basic concepts, assessment, monitoring, forecasting, early warning, vulnerability and adaptation to drought and mitigation and management strategies. Management of different land use systems under drought and finally socio economic impact and livelihood issues of drought are also focussed. It would be useful to a wide range of stakeholders, i.e. planners, researchers, students and interested public. This will also serve as text book as well as supplementary reading for courses in agronomy, ecology, geography and agro meteorology besides administration and disaster management units.
Dr. Mukta Makhija, Professor, Assistant Dean - IT, Head - Research and Innovation Cell, Department of Computer Applications, Integrated Academy of Management and Technology((INMANTEC), Ghaziabad, Uttar Pradesh, India. Dr.PM.Shanthi, Assistant Professor, Information Technology, J.J.College of Arts and Science, Bharathidasan University, Pudukkottai, Tamil Nadu, India. Dr. R. Rajesh, Assistant Professor, Head & IIC President, PG and Research Department of Computer Science, Kaamadhenu Arts and Science College, Sathyamangalam, Erode, Tamil Nadu, India. Dr.S.Ashok Kumar, Professor, Department of Cyber Security, Institute of Computer Science and Engineering, Saveetha School of Engineering (Saveetha University), Thandalam, Chennai, Tamil Nadu, India. Dr.C.Govindasamy, Associate Professor, Department of Computer Science & Engineering, Saveetha School of Engineering - SIMATS, Chennai, Tamil Nadu, India.
This paper analyzes the extent to which the degree of international economic integration, both financial and trade, affects corporate tax rates. It explores this issue in the context of strategic behavior by countries, taking into account other global and domestic political economy factors. Tax rates are analyzed using a unique tax dataset for advanced and developing economies extending over five decades. We report a number of novel results: there is no general negative relationship between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD countries showing a positive relationship; the United States exhibits a “Stackelberg” type of leadership on other countries; trade integration is inversely correlated with tax rates; and public sentiment and ideology affect tax rates. The policy implications of these findings, particularly given budgetary pressures in the aftermath of the global crisis, are noted.
This paper undertakes an investigation into the efficiency of the crude oil futures market and the forecasting accuracy of futures prices. Efficiency of the market is analysed in terms of the expected excess returns to speculation in the futures market. Accuracy of futures prices is compared with that of forecasts using alternative techniques, including time series and econometric models, as well as judgemental forecasts. The paper also explores the predictive power of futures prices by comparing the forecasting accuracy of end-of-month prices with weekly and monthly averages, using a variety of different weighting schemes. Finally, the paper investigates whether the forecasts from using futures prices can be improved by incorporating information from other forecasting techniques.
This is the first part of a two-volume work which comes at a time when oil producers are taking a close look at the economy of oilfield operation and redesign of production technology to improve ultimate recovery. The very high cost, and risk, of the search for new oilfields demands the re-evaluation of production technology and reservoir engineering to improve the production characteristics of existing oilfields. It is the aim of this work that it will be instrumental in the improvement of the global enhancement of oil production and ultimate recovery. It is the outcome of extensive collaboration between experts in petroleum who have devoted their time to the lucid expression of the knowledge that they have acquired through experience in the evaluation and solution of field problems, and development of economic field processes. Oil production companies have been generous in their cooperation through assistance and encouragement to the authors and permission to publish data, designs and photographs. Together, the two books provide a detailed and comprehensive coverage of the subject. The physical and chemical properties of the fluids encountered by engineers in the field are clearly described. The properties, methods of separation, measurement, and transportation of these fluids (gases, condensate liquids derived from natural gas, crude oils and oilfield waters) are dealt with. Following a presentation of the fluids and their process technology, a series of chapters give a thorough discussion of every type of surface equipment that is encountered in the myriad aspects of oilfield operations, ranging from waterflooding to new enhanced oil recovery techniques. Included are all methods for pumping, water control, production logging and corrosion control. The coverage also extends to: well completion and work-over operations, methods for design and operation of underground gas storage, and a review of offshore technology. Surface Operations in Petroleum Production is therefore a comprehensive reference which will be invaluable for field production managers and engineers; as well as being an ideal text on production technology to complement the study of reservoir engineering.
This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, the extent to which equity prices have tended to move similarly across countries and regions in the long run; and second, the strength of cross-country “contagion” effects. The paper’s findings suggest that both intra-regional and inter-regional linkages across national equity markets have strengthened in recent years. In addition, using impulse response functions, the paper shows that cross-country contagion effects of country-specific shocks dissipate in a matter of weeks while contagion effects of global shocks take several months to unwind themselves.
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