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Global Economic Challenges 6th International Conference on Banking and Finance Perspectives, Cuenca, Spain - Original PDF
Global Economic Challenges 6th International Conference on Banking and Finance Perspectives, Cuenca, Spain - Original PDF
نویسندگان: Nesrin Özataç • Korhan K. Gökmenoğlu Daniel Balsalobre Lorente Nigar Taşpınar • Bezhan Rustamov خلاصه: Price movements in the energy market are crucial because energy plays a vital role in the world’s economies and human life. The high volatility in energy prices since the 1990s is due to several historical developments, including the deregulation of energy markets, the Asian financial crisis in 1997, and the 2008 global financial crisis (Lien et al., 2016; Lang & Auer, 2019) have increased the need for an appro- priate protection strategy. Hedging by using futures contracts makes the problem of “finding an appropriate hedge ratio” vital. In calculating the optimal hedge ratio (OHR), estimations are mostly based on the average (expected) relationship between spot and futures prices. This approach ignores the tail distribution of the variables (Lien et al., 2016; Shrestha et al., 2018). However, the widely documented non- normal distribution of financial variables makes considering the quantiles of the variables essential. To fill this gap, we used the recently developed quantile-on- quantile (Q-Q) (Sim & Zhou, 2015) approach to estimate the minimum-variance (MV) hedge ratio for crude oil, natural gas, and gasoline markets. Besides, to have a better understanding of the relationship between these variables, we examined long-run and causal relationships by using methods that consider the distribution of the variables.
Environmental Regulations and Industrial Competitiveness Case Studies of Toxic Industries in Southern California - Original PDF
Environmental Regulations and Industrial Competitiveness Case Studies of Toxic Industries in Southern California - Original PDF
نویسندگان: Ward Thomas • Paul Ong خلاصه: 1 Chapter 1 Environmental Regulations and Industrial Competitiveness Abstract Industries in the U.S. emit billions of pounds of toxic chemicals into the environment every year, resulting in a major risk to human health. Many economists and policy makers, however, are strongly opposed to environmental regulations based on an assumption that regulations lead to a loss of jobs and a declining stan- dard of living for U.S. citizens. The empirical literature on this question has pro- duced mixed results, and this chapter critically assesses several conceptual and methodological issues that are embedded in this literature. Our thesis is that strin- gent environmental regulations have the potential to effectively and efficiently reduce toxic emissions from polluting firms and industries while having a negligible impact on the economic competitiveness of firms and industries. We investigate this thesis through three empirical case studies of polluting industries in Southern California that are highly regulated by the South Coast Air Quality Management District (AQMD): metal finishing, wood furniture, and dry cleaning. We also attempt to reveal the institutional process by which firms comply with environmen- tal regulations. Keywords Environmental regulations · Economic competitiveness · Environmental pollution · Economic externalities · Market failure · Environmental compliance · Technological uncertainty · Innovation · Adoption Introduction Over the last half century, the US federal government has played an active role in regulating the emission of toxic chemicals from polluting firms and industries (Rosenbaum, 2019; Telsey, 2016). Congress passed the Clean Air Act of 1970 “to protect and enhance the quality of the nation’s air resources so as to promote the public health and welfare and the productive capacity of the population” (US Environmental Protection Agency, 2007, p. 2). Congress also created the EPA (Environmental Protection Agency) in 1970 to implement and enforce the nation’s environmental law
Healthcare and Disease Burden in Africa The Impact of Socioeconomic Factors on Public Health - Original PDF
Healthcare and Disease Burden in Africa The Impact of Socioeconomic Factors on Public Health - Original PDF
نویسندگان: Ilha Niohuru خلاصه: Chapter 1 Introduction There is an acute scarcity of research and studies on the conditions of healthcare in African countries. According to Marincola and Kariuki (2020), 20% of the global disease burden falls on the shoulders of Africa, yet only 1% of worldwide scientific output focuses on African countries. Filling the epistemological gap is critical, for it will not only shine a light on our understanding of the realities of the continent, but also pave way for more engaged future studies. The investigation of existing health- care conditions in Africa provides an indispensable basis for generating educated responses to the challenges that confront the continent as a whole and across its different localities. Africa also occupies a historically overlooked and underrep- resented position. It is a unique continent with highly diverse cultures, societies, and economic compositions. While significantly different from the Western or more economically developed parts of the world, Africa is playing a crucial role on the global stage in a variety of aspects. Therefore, studies of Africa will not only benefit the regional communities, but also have a long-lasting impact on the rest of the world. Africa carries the oldest and most diverse genome. Around seven billion of the world’s population share a common origin in Africa. The burden of disease in Africa is also shifting from communicable to non-communicable diseases, which is also a major concern of the societies that are more economically developed. Therefore, addressing the disease burden in Africa, in parallel, means investing in the prevention and treatment of diseases in the rest of the world.
Modern Cryptography Volume 2 A Classical Introduction to Informational and Mathematical Principle - Original PDF
Modern Cryptography Volume 2 A Classical Introduction to Informational and Mathematical Principle - Original PDF
نویسندگان: Zhiyong Zheng · Kun Tian · Fengxia Liu خلاصه: Preface For integer factorization and discrete logarithm calculation, P.W.Shor published an effective quantum calculation in SIAM Journal on Computing in 1997, which is called the Shor algorithm in academic circles. Classical public key cryptosystems such as RSA, ECC and so on could not resist the attack of the Shor algorithm, so the major security risks of public key cryptosystems are completely exposed to the Shor algorithm and quantum computer. In the past 20 years, the rise and development of post-quantum cryptography have close relation with the lattice cryptosystems. The academic community believes that the hard problems on lattice, such as the shortest vector problem (SVP), the continuous shortest vector problem (SIVP) and the determination of the shortest vector problem (GapSVP) can resist quantum computing effectively, so the public key cryptosystems based on the hard problems on lattice become the core theory and technology of the post-quantum cryptography. At present, there are six kinds of published post-quantum cryptosystems: 1. Ajtai-Dwork cryptosystem (1997). Ajtai constructed a collision-resistant Hash function by the circulant matrix and ideal matrix, and converted the collision point into the shortest vector problem on q-ary integer lattice. Ajtai first proposed the concept of random lattice (Gauss lattice) in 1996, and established the famous reduction principle ‘from the worst case to the average case’. The security of Ajtai-Dwork cryptosystem could be fully proved by this reduction principle. 2. GGH/HNF cryptosystem (1997). In 1997, Goldereich, Goldwasser and Halevi constructed a public key cryptosystem based on the closest vector problem on the q-ary integer lattice, which was further improved by Micciancio using the Hermite normal basis in 2005. The idea of Micciancio is very simple. Since the HNF basis of any lattice can be easily computed from its generated matrix, the GGH cryptosystem uses the HNF basis as the public key directly. 3. NTRU cryptosystem (1998). Number Theory Research Unit (NTRU) is a quantum-resistant computing public key cryptosystem developed by J. Hoffstein, J. Pipher and J. H. Silverman in Brown University in 1998, which has become the most attractive post-quantum cryptosystem due to its simple algorithm, fas
Regulating the Metaverse By Ignas Kalpokas, Julija Kalpokienė - Original PDF
Regulating the Metaverse By Ignas Kalpokas, Julija Kalpokienė - Original PDF
نویسندگان: Ignas Kalpokas, Julija Kalpokienė خلاصه: A Critical Assessment
Blockchain Technology and Emerging Technologies - Original PDF
Blockchain Technology and Emerging Technologies - Original PDF
نویسندگان: Weizhi Meng, Wenjuan Li خلاصه: ID-Based Self-encryption via Hyperledger Fabric Based Smart Contract Ilya Grishkov1, Roland Kromes1(B), Thanassis Giannetsos2, and Kaitai Liang1 1 Cyber Security Group, Delft University of Technology, Delft, The Netherlands I.Grishkov-1@student.tudelft.nl, {R.G.Kromes,Kaitai.Liang}@tudelft.nl 2 Ubitech Ltd., Digital Security and Trusted Computing Group, Athens, Greece agiannetsos@ubitech.eu Abstract. This paper offers a prototype of a Hyperledger Fabric-IPFS based network architecture including a smart contract based encryp- tion scheme that meant to improve the security of user’s data that is being uploaded to the distributed ledger. A new extension to the self- encryption scheme was deployed by integrating data owner’s identity into the encryption process. Such integration allows to permanently pre- serve ownership of the original file and link it to the person/entity who originally uploaded it. Moreover, self-encryption provides strong security guarantees that decryption of a file is computationally not feasible under the condition that the encrypted file and the key are safely stored. Keywords: Blockchain · IPFS · Self-Encryption · Security · Hyperledger Fabric 1 Introduction The modern world is increasingly adopting blockchain technology. The first major market adoption of blockchain happened in 2009 when Bitcoin was introduced [12]. Interest in blockchain solutions grew over the years and lead to the invention of Ethereum - Bitcoin peer but with support for smart contracts which are digital codes enabling the description of complete business logic [1]. The introduction of smart contracts leads to further development in the field of blockchain and cre- ated demand for more industry-friendly solutions that allow to identify users of the system (Know-Your-Customer, Anti-Money-Laundering). Hyperledger Fab- ric was then introduced as a highly modular permissioned blockchain that allows great customization to suit particular industrial needs [3]. Given its customizabil- ity and modularity, Hyperledger Fabric (HLF) is a perfect platform for extending it with various trust and privacy preservation solutions
Regulation of Cryptocurrencies and Blockchain Technologies National and International Perspectives Second Edition - Original PDF
Regulation of Cryptocurrencies and Blockchain Technologies National and International Perspectives Second Edition - Original PDF
نویسندگان: Rosario Girasa خلاصه: Uncovers the key actors in digital technology while showcasing the benefits and risks of digital currencies Takes a critical look at the most up-to-date federal, state, and international regulation of virtual currency Explores the creation of stablecoins and governments issuance of their own versions of digital currencies
50 Literacy Strategies Step by Step Fourth Edition - Original PDF
50 Literacy Strategies Step by Step Fourth Edition - Original PDF
نویسندگان: Gail E. Tompkins خلاصه: Young children write “All About . . .” books on familiar topics (Tompkins, 2012). They put together a booklet with four or five pages, write a sentence or two on each page, and add illustrations to elaborate the information presented in the text. Stu- dents read the book to the teacher, who helps them elaborate ideas and correct mechani- cal errors before they share from the author’s chair (see p. 10). As they gain experience writing books with one or two sentences per page, students can expand and elaborate the information they share on each page, gradually increasing the length to a paragraph
AN INTRODUCTION TO PERFORMANCE ANALYSIS OF SPORT - Original PDF
AN INTRODUCTION TO PERFORMANCE ANALYSIS OF SPORT - Original PDF
نویسندگان: PETER O’DONOGHUE خلاصه: This introductory chapter introduces sports performance analysis by asking the following questions: What? Why? Who? Where? When? and How? What is sports performance analysis? What are sports performance data and information? Why do we analyse sports performance? Who analyses sports performance? Where is sports performance analysis done? When is sports performance analysis done? How is sports perform- ance analysis done? The answers to these questions are not independent. The reason why sports performance analysis is done and who requires the information can dictate what information is required. The informa- tion required can in turn influence when it is needed and thus when sports performances should be analysed. The time at which information is needed and economic constraints dictate the methods and locations of sports performance analysis tasks. These questions will be answered in turn but readers can expect some necessary overlap between the answers.
Assistive Technologies and Environmental Interventions in Healthcare - Original PDF
Assistive Technologies and Environmental Interventions in Healthcare - Original PDF
نویسندگان: Lynn Gitlow, Kathleen Flecky خلاصه: The changes we have all seen in technology and corre spondingly with assistive technology in the past 10 years are mind‐boggling. Futurist and inventor Ray Kurzweil (2000) stated early in the twenty‐first century that com puters are 100 million times more powerful than they were 50 years ago. The exponential growth of computer capacity that Kurzweil and others predicted in the late 1990s continues to advance and has the potential for improving all aspects of life (Diamandis and Kotler 2014). These exponential changes in technology make it hard to keep up with the latest innovations. For example, one of the chapter authors worked in an assistive technology laboratory in which serial port add‐ons to computers evolved into Universal Serial Bus (USB) ports rendering the former connections and their attachments obsolete within in less than five years. Currently, com puters no longer come with disk drives and all of the software one needs to load on the computer comes from the cloud. Vicente (2006) stated, “... more and more technology is being foisted upon us at a faster and faster pace” (p. 13). In addition, technology is clearly a necessary part of our lives. For many of us, it is difficult to remember a time when cell phones, laptops, or navigation devices were not available to those who could afford it. Furthermore, the convergence of multiple technologies into a single, small, handheld device such as a smart phone is common as part of our work and personal experiences

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