Miracle-dz/UniFAR-FTUs huggingface dataset:
Bank liquidity risk and monetary policy. Empirical evidence on the impact of Basel III liquidity standards

We extend the literature on the bank lending channel in two aspects. First, rather than following the literature by analyzing the impact of banks’ liquidity (measured via their asset portfolio) on monetary policy transmission, we study the role of banks’ actual liquidity risk, as measured by the Basel III liquidity regulations. Second, we investigate the effect of complying with the Basel III liquidity standards on monetary policy transmission. We use highly detailed bank-level data from Luxembourg for the period 2003q1--2010q4. Our findings are that monetary policy transmission works its way through small banks that also have a large maturity mismatch, as measured by the Net Stable Funding Ratio. In contrast, large banks with a small maturity mismatch increase their lending following a monetary policy shock, which confirms existing results that Luxembourg’s banks are liquidity providers to the European market. Based upon in-sample predictions and upon simulated data from an optimization model that takes the banks’ business models into account, we conclude that the bank lending channel will no longer be effective once banks adhere to the new Basel III liquidity regulations.
Determinants of online service satisfaction and their impacts on behavioural intentions

The paper aims to identify the key antecedents of overall online service satisfaction and reveals their pattern of impact on behavioural consequences. Five determinants of e-service satisfaction were first developed by an exploratory study among online banking users. Data collected through a web-based survey of 235 online service users suggest that each antecedent of e-service satisfaction influences the four behavioural intentions either directly or indirectly through the mediation of overall satisfaction. Theoretical and practical implications of these findings are examined and discussed in depth.
ON RANDOM MATCHING, MONETARY EQUILIBRIA, AND SUNSPOTS

We study comparative statics results for the steady-state monetary equilibria of a simple random matching model of money with endogenous prices and no extrinsic uncertainty. Some of the results appear counterintuitive (both when take-it-or-leave-it offer or when Nash–Rubinstein bargaining is used in the model). Consistency of the equilibrium expectations causes the partial equilibrium intuitions to be reversed. We then proceed to apply the new insights to the analysis of sunspot equilibria in these type of models of bilateral trade with money.
Stereoselective effects of AMOA on non‐NMDA receptors expressed in Xenopus Oocytes

Pharmacological characterization of the action of the novel non‐N‐methyl‐D‐aspartate non‐NMDA) antagonist AMOA (2‐amino‐3‐[3‐ (carboxymethoxy)‐5‐methylisoxazol‐4‐yl]propionate on glutamate receptors was investigated in Xenopus ooccytes injected with mouse brain mRNA. AMOA (150 μM) produced a nearly parallel shift to the right of the dose‐response curve for kainate‐induced currents. AMOA was found to have two different effects on AMPA receptors: (1) currents elicited by low concentrations of AMPA (6 μM) were inhibited by AMOA with an IC50 value of 160 ± 19 μM and (2) currents elicited by high concentrations of AMPA (100 μM) were potentiated with an IC50 value of 88 ± 22 μM. The maximal potentiating effect of AMOA on AMPA currents was around 170%. Furthermore, the two opposing effects of AMOA on AMPA responses are specific for the L‐configuration of AMOA. This unusual antagonistic/agonistic property of AMOA may explain its unusual properties with regard to antagonism of non‐NMDA receptor‐mediated events previously described.
Caregiver strain and sensory features in children with autism spectrum disorder and other developmental disabilities.

Caring for children with disabilities contributes to increased levels of parent stress or caregiver strain. However, the potential relationship of sensory features to strain among caregivers of children with autism spectrum disorder (ASD) and other developmental disabilities (DD) is unknown. Sensory features include overreactions, underreactions, and unusual interests in sensations, which may negatively impact family functioning. This descriptive study confirmed three caregiver strain types (i.e., objective, subjective internalized, subjective externalized) and explored differences among ASD (n = 71) and DD (n = 36) groups, with the ASD group reporting higher levels. Furthermore, this study explored the contribution of sensory features to caregiver strain, finding differential contributions to strain in the ASD group and covariate contributions (i.e., child cognition, mother's education) in the DD group.
Optimal Reinsurance and Investment for a Jump Diffusion Risk Process under the CEV Model

Abstract We consider an optimal reinsurance-investment problem of an insurer whose surplus process follows a jump-diffusion model. In our model the insurer transfers part of the risk due to insurance claims via a proportional reinsurance and invests the surplus in a “simplified” financial market consisting of a risk-free asset and a risky asset. The dynamics of the risky asset are governed by a constant elasticity of variance model to incorporate conditional heteroscedasticity. The objective of the insurer is to choose an optimal reinsurance-investment strategy so as to maximize the expected exponential utility of terminal wealth. We investigate the problem using the Hamilton-Jacobi-Bellman dynamic programming approach. Explicit forms for the optimal reinsuranceinvestment strategy and the corresponding value function are obtained. Numerical examples are provided to illustrate how the optimal investment-reinsurance policy changes when the model parameters vary.
Association Between Prehypertension and Clustering of Cardiovascular Disease Risk Factors Among Chinese Adults

Purpose: We aimed to estimate the association between prehypertension (PHT) and clustering of cardiovascular disease (CVD) risk factors among Chinese adults. Methods: A cross-sectional survey in a nationally representative sample of 15,540 Chinese adults aged 35-74 years was conducted during 2000-2001. Results: Overall, 79.4%, 40.0%, and 11.0% of Chinese adults with PHT (120-139/80-89 mm Hg) had ≥1, ≥2, and ≥3 modifiable CVD risk factors (dyslipidemia, impaired fasting glucose/diabetes, cigarette smoking, and overweight/obesity), respectively. The adjusted odds ratio (95% confidence interval, CI) of having ≥1, ≥2, and ≥3 CVD risk factors was 1.41 (1.24-1.61), 1.45 (1.30-1.61), and 1.96 (1.67-2.29), respectively, for adults with PHT compared with those with optimal blood pressure by multivariate models. Moreover, population attributable risk percent of having ≥1, ≥2, and ≥3 CVD risk factors was 16.7%, 18.0%, and 31.9%, respectively, for adults with PHT. Furthermore, among adults with PHT, higher prevalence, adjusted odds ratios, and population attributable risk percent of having ≥1, ≥2, and ≥3 CVD risk factors were more likely to be found among people with high normal blood pressure (130-139/85-89 mm Hg) compared with their counterparts with normal blood pressure (120-129/80-84 mm Hg). Conclusions: Clustering of CVD risk factors is common among Chinese adults with PHT, especially with high normal blood pressure. Global lifestyle modification would be a very important nonpharmaceutical therapy to reduce the increasing burden of CVD in China.
The Effects of Exogenous Shocks on the Development of Regional Innovation Systems

Abstract Drawing on previous studies related to the evolutionary aspects of regional innovation systems (RIS), this paper examines how an exogenous shock reduced organizational thinness, fragmentation and lock-in and thereby facilitated path creation and RIS emergence in a peripheral region. A longitudinal case study approach, based on primary data from 39 interviews conducted between 2008 and 2012, is used to investigate how a region was affected by the sudden entry and subsequent activity of a multinational oil company. A multi-level analysis illustrates how this exogenous shock facilitated change at the firm, public authority and macro (regional) levels and thus provides a holistic understanding of the complex mechanisms that underlie regional transformation. The analysis illustrates how the entry of the oil company reduced organizational thinness by stimulating the establishment of external firms. The existing regional actors then managed to reduce their organizational lock-in by adapting their skills and resource bases to new knowledge provided through interfirm relationships (reduced fragmentation), and this reduced organizational lock-in and fragmentation ultimately strengthened the industrial structure and further contributed to regional path creation. A number of innovations were observed, and in combination with the “thickened” institutional structure, this represented the means for an emerging RIS.
Exchange Traded Barrier Option and VPIN: Evidence from Hong Kong

We study the validity of the volume‐synchronized probability of informed trading (VPIN) metric in measuring the order flow toxicity around the mandatory call events of callable bull/bear contracts. High VPIN around mandatory call events indicates the existence of large volume imbalances, suggesting high market risk surrounding those call events. In this study, we provide the first direct evidence of the validity of VPIN outside the U.S. market. © 2015 Wiley Periodicals, Inc. Jrl Fut Mark 35:561–581, 2015
Smoking Prevalence and Associated Factors at Students Housing of King Saud University

The study describes the prevalence of smoking, and the correlates of current smoking, by male students King Saud University, Saudi Arabia. A random sample of 718 students at the university housing of students and the colleges of King Saud University answered a modified form of Global Youth Tobacco Survey questionnaire. The prevalence of current smoking was 21.6% in the Students Housing and 18.6% of those who live outside the housing. Of current smokers, 10.6% smoke cigarettes, 3.9% smoke water-pipe and 4.5% smoke both. In logistic regression analysis, smoking by family and close friends were predictors of current smoking status.
The role of project management office in the multi-project environment

The number of projects run by companies has increased significantly over the last two decades. Therefore, apart from the challenges associated with single-project realisation, the multi-project environment created new issues that companies have needed to address. In the mid-90s of the last century, the concept of project management office (PMO) was proposed to support companies simultaneously managing numerous projects. This article discusses the role of PMO as a facilitator of the activities supporting operations in the multi-project environment. The results of the study of PMO cases are presented according to the needs addressed to them by companies.
Studies on the Tissue Distribution of the Puromycin‐Sensitive Enkephalin‐Degrading Aminopeptidases

Abstract: An antiserum generated to the soluble form of the rat brain puromycin‐sensitive enkephalin‐degrading amino‐peptidase was used to determine the tissue distribution of the soluble and membrane‐associated forms of this enzyme. All tissues examined contained significant levels of the soluble enzyme form, with this enzyme accounting for >90% of the arylamidase activity in brain, heart, and skeletal muscle. Native gel electrophoresis coupled with activity staining as well as inhibition studies were used to confirm the presence of this enzyme in various tissues. Serum was found not to contain this particular aminopeptidase. In contrast to the results obtained with the soluble enzyme form, brain was the only tissue found to contain the membrane‐associated enzyme form. Although all tissues contained membrane‐associated aminopeptidase activity only the brain enzyme could be maintained in solution in the absence of detergent. In addition, the brain membrane‐associated enzyme could be distinguished from the membrane‐associated aminopeptidase activity in other tissues on the basis of its sensitivity to inhibition by puromycin.
Towards a Global Model of Venture Capital?

This paper examines whether a truly global market for venture capital and private equity is emerging or whether the current situation of segmented national markets is likely to endure. We document very rapid growth in venture capital fund raising and investment over the past decade in the United States, Western Europe and in certain Asian countries, but not in Japan or in most developing countries. We compare contracting practices, investment patterns and returns between the U.S. and Europe, and find that there has been considerable convergence between these two large VC markets, particularly during the past five years. This convergence is likely to continue. Nonetheless, we conclude that the major national markets will remain effectively segmented and suggest that venture capital will continue to be much more important in common law countries than in civil law countries for the foreseeable future.
Customer Order Flow, Intermediaries, and Discovery of the Equilibrium Risk-Free Rate

Abstract Macro announcements change the equilibrium risk-free rate. We find that Treasury prices reflect part of the impact instantaneously, but intermediaries rely on their customer order flow after the announcement to discover the full impact. This customer flow informativeness is strongest when analyst macro forecasts are most dispersed. The result holds for 30-year Treasury futures trading in both electronic and open-outcry markets. We further show that intermediaries benefit from privately recognizing informed customer flow, as their own-account trading profitability correlates with customer order access.
The Timing of Household Events and Housing Events in the Netherlands: A Longitudinal Perspective

Research on the relationship between household events and housing events so far has largely ignored the role of timing. This study aims to uncover in what way the postponement of marriage and childbirth that took place in the second half of the 20th century in the Netherlands affected the timing of moving into 'long-stay housing' (single-family dwellings and owner occupied dwellings). This is done by analysing time lags between household events and housing events. Survival analysis shows that over cohorts, moving into long-stay housing happens consistently earlier, and increasingly frequently before first childbirth. This finding is most likely attributable to the increased economic prosperity and increased availability of long-stay housing. This allows young people to adjust their housing to the household situation they anticipate, rather than to wait until they actually experience the household event. However, this does not hold for single home leavers: they move into long-stay housing neither earlier, nor much more often over time. It is concluded that the level of commitment in the household situation is the fundamental explanation for housing choice, and that economic prosperity mainly facilitates advancement in the timing of adapting the housing situation to the (anticipated) household situation.
Sleep Patterns of College Students at a Public University

Objective: The authors' purpose in this study was to determine the sleep patterns of college students to identify problem areas and potential solutions. Participants: A total of 313 students returned completed surveys. Methods: A sleep survey was e-mailed to a random sample of students at a North Central university. Questions included individual sleep patterns, problems, and possible influencing factors. Results: Most students reported later bedtimes and rise times on weekends than they did on weekdays. More than 33% of the students took longer than 30 minutes to fall asleep, and 43% woke more than once nightly. More than 33% reported being tired during the day. The authors found no differences between freshmen, sophomores, juniors, seniors, and graduate students for time to fall asleep, number of night wakings, or total time slept each night. Conclusions: Many students have sleep problems that may interfere with daily performance, such as driving and academics. Circadian rhythm management, sleep hygiene, and white noise could ameliorate sleep difficulties.
In the Face of Emotions: Event-Related Potentials in Supraliminal and Subliminal Facial Expression Recognition

Is facial expression recognition marked by specific event-related potentials (ERPs) effects? Are conscious and unconscious elaborations of emotional facial stimuli qualitatively different processes? In Experiment 1, ERPs elicited by supraliminal stimuli were recorded when 21 participants viewed emotional facial expressions of four emotions and a neutral stimulus. Two ERP components (N2 and P3) were analyzed for their peak amplitude and latency measures. First, emotional face-specificity was observed for the negative deflection N2, whereas P3 was not affected by the content of the stimulus (emotional or neutral). A more posterior distribution of ERPs was found for N2. Moreover, a lateralization effect was revealed for negative (right lateralization) and positive (left lateralization) facial expressions. In Experiment 2 (20 participants), 1-ms subliminal stimulation was carried out. Unaware information processing was revealed to be quite similar to aware information processing for peak amplitude but not for latency. In fact, unconscious stimulation produced a more delayed peak variation than conscious stimulation.
Integrating supplier satisfaction with customer satisfaction

For a company to achieve business excellence, its customers have to be satis® ed with the performance of the company. However, satisfying customers requires not only the eVort of the company, but also the support and resources of the company’s suppliers. This is especially true for those companies that have outsourced many of their companies’ activities to their suppliers. Therefore, companies and their suppliers have to work together to meet the needs of their customers. Companies can involve suppliers in diVerent ways through partnering eVorts so as to help improve end users’ customer satisfaction. However, partnering eVorts will not succeed if suppliers’ needs cannot be satis® ed in the process. Therefore, partnering eVorts should also take into consideration the satisfaction of the suppliers. When suppliers’ needs are satis® ed, suppliers will be more willing to help companies meet the needs of their customers. Thus, companies need to integrate supplier satisfaction with customer satisfaction in order to achieve business excellence. This paper examines how companies can work together with their suppliers to achieve supplier satisfaction and how their concerted eVorts can in ̄ uence customer satisfaction.
Differential Impacts of Foreign Capital and Remittance Inflows on Domestic Savings in Developing Countries: A Dynamic Heterogeneous Panel Analysis

The study examines the role of foreign capital and remittance inflows in the domestic savings of 63 developing countries for 1971-2010, paying attention to likely differential effects of FDI, portfolio investment, foreign aid and remittance. The conventional homogeneous panel estimates suggest that foreign aid and remittance flows have a significant negative impact on domestic savings. However, these techniques ignore cross section dependence and parameter heterogeneity properties and thus yield biased and inconsistent estimates. When we allow for parameter heterogeneity and cross sectional dependence by employing the Pesaran's (2006) Common Correlated Effects Mean Group estimator technique, only remittances crowd-out savings.
Self and Identity in Early Adolescence

This article reviews contemporary issues in the study of self and identity and introduces the special issue. Particularly highlighted are the need to integrate the various currents in self and identity, the need to study the role of context in the development of self and identity, research on self and identity in ethnic minority and international populations, and studies of national identity. The article concludes with recommendations for future research on self and identity.
Comparison of objective muscle strength in c5‐c6 and c5‐c7 brachial plexus injury patients after double nerve transfer

Purpose: The purpose of this study was to evaluate the quantitative muscle strength to distinguish the outcomes of different injury levels in upper arm type brachial plexus injury (BPI) patients with double nerve transfer. Methods: Nine patients with C5‐C6 lesions (age = 32.2 ± 13.9 year old) and nine patients with C5‐C7 lesions (age = 32.4 ± 7.9 year old) received neurotization of the spinal accessory nerve to the suprascapular nerve combined with the Oberlin procedure (fascicles of ulnar nerve transfer to the musculocutaneous nerve) were recruited. The average time interval between operation and evaluation were 27.3 ± 21.0 and 26.9 ± 20.6 months for C5‐C6 and C5‐C7, respectively. British Medical Research Council (BMRC) scores and the objective strength measured by a handheld dynamometer were evaluated in multiple muscles to compare outcomes between C5‐C6 and C5‐C7 injuries. Results: There were no significant differences in BMRC scores between the groups. C5‐C6 BPI patients had greater quantitative strength in shoulder flexor (P = 0.02), shoulder extensor (P < 0.01), elbow flexor (P = 0.04), elbow extensor (P = 0.04), wrist extensor (P = 0.04), and hand grip (P = 0.04) than C5‐C7 BPI patients. Conclusions: Upper arm type BPI patients have a good motor recovery after double nerve transfer. The different outcomes between C5‐C6 and C5‐C7 BPI patients appeared in muscles responding to hand grip, wrist extension, and sagittal movements in shoulder and elbow joints. © 2014 Wiley Periodicals, Inc. Microsurgery 35:107–114, 2015.
Changes in meibomian fatty acids and clinical signs in patients with meibomian gland dysfunction after minocycline treatment

Aims: To assess the changes in ocular surface abnormalities and meibomian fatty acid composition in patients suffering from meibomian gland dysfunction (MGD) after treatment with oral minocycline associated with lid hygiene versus lid hygiene only. Methods: We evaluated the break-up time, corneal staining and quality of meibomian excreta, and collected meibomian oil in 20 individuals suffering from MGD before and after 8 weeks of minocycline associated with lid hygiene (n = 10) or lid hygiene only (n = 10). Meibomian fatty acids were directly transmethylated and analysed by gas chromatography (GC) and GC mass spectrometry. Results: The meibomian fatty acid composition was slightly modified after 8 weeks in both groups. The decrease in a branched-chain fatty acid (isoC20) was greater after minocycline treatment than after lid hygiene only (–65% and –25%, respectively; p<0.05). Other fatty acids were unchanged. A significant improvement in the BUT was observed after minocycline treatment (p = 0.03). Conclusion: This study showed better tear film stability after minocycline treatment and a biological effect on meibomian fatty acid composition in MGD patients. Minocycline was more effective than lid hygiene alone. Both interventions partly corrected fatty acid composition abnormalities. Among the fatty acids, isoC20 could be a biological marker of MGD.