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Using a measure of default likelihood based on an option pricing method, we provide evidence that Fed policy actions affect the financial distress of commercial banks. When the Fed increases (decreases) interest rates, the measure of default likelihood increases (decreases). We show that when the Fed uses a tight money policy, the increase in default likelihood is more pronounced for banks that have less capital, have greater financial leverage, are smaller, have fewer growth opportunities, and have lower asset quality. Additionally, the effects on bank default likelihood are more pronounced when the Fed's policy signals less concern about economic growth, as indicated by its bias toward further tightening, and when there is a market expectation of higher short‐term market rates in the future. 相似文献
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本文从300MW循环流化床锅炉燃烧控制和烟气排放现状出发,对300MW循环流化床锅炉NOx排放超标的原因、现状进行深入分析,探讨了控制NOx达标排放的措施,从而为300MW循环流化床锅炉的安全运行、环保达标排放控制提供参考和积累经验。 相似文献
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本文对东方汽轮机厂引进日立公司技术生产的660MW超临空冷汽轮机结构特点进行了简要分析,并对华电蒲城发电厂三期2×660MW工程6#机组汽轮机安装中出现的问题、采取的措施以及实施效果进行了总结。 相似文献
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本文以某电厂1000MW机组塔式锅炉水冷壁垂直段组合、安装为例,介绍塔式锅炉水冷壁垂直段组合、安装方案的确定过程,以其成功安装经验,对于同类型锅炉水冷壁安装具有一定借鉴意义。 相似文献
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Raouf Boucekkine David de la Croix Omar Licandro 《The Scandinavian journal of economics》2003,105(3):401-418
We explore the hypothesis that demographic changes which began in the seventeenth and eighteenth centuries are at the root of the acceleration in growth rates at the dawn of the modern age. During this period, life tables for Geneva and Venice show a decline in adult mortality; French marriage registers reveal an important increase in literacy; historians measure an acceleration of economic growth. We develop an endogenous growth model with a realistic survival law in which rising longevity increases individual incentives to invest in education and fosters growth. We quantitatively estimate that the observed improvements in adult mortality account for 70% of the growth acceleration in the pre‐industrial age. 相似文献
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Robert A. Linn 《Journal of Product Innovation Management》1984,1(2):116-128
To help us understand the massive complexity of the chemical industry, Robert A. Linn breaks it down into product/market sectors that show differing business requirements, and hence, differing new product development requirements. This is an important industry that has struggled through the 1970s with sharp changes in external pressures and very little technological excitement. Where are the new product opportunities in an industry such as this? How do you pursue them? On the basis of his years of experience in the industry, Linn offers some suggestions and some challenges for managers. 相似文献
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Firms in export-oriented sectors with more exporters and more foreign investment, or firms with more access/use of credit,
tend to export a higher share of their output, whether they are small or large. The latter points out that the benefits of
size-neutral policies that improve the overall business and foreign investment climate and secure access to formal credit
for all enterprises produce benefits for the entire economy. Small firms with higher use of machinery and higher use of domestic
inputs displayed a higher likelihood to increase the share of their output exported. SMEs show rising productivity with access
and use of appropriate production inputs. Decades of protective size-specific policies, such as the reservation scheme for
SMEs still in place in Indonesia’s manufacturing may have distorted, more than supported, adoption of appropriate technologies
among SMEs. These policies may need to be revisited and refocused on more size-neutral policies such as improved access to
collateral or reduced cost of business registration and licensing. 相似文献
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喻荷兰 《中国高新技术企业评价》2009,(22):193-195
文章阐述了汽机发电机定子吊装方法,并根据吊装能力和本单位传统吊装方法介绍了如何确定定子的吊装方法,即汽机房主要设备的吊装方案应根据机组的容量、布置形式、设备重量、行车提升能力、行车台数、施工单位所拥有的机具及习惯性成熟的施工方案来确定,只有这样才能保证定子吊装工作能够达到尽可能地快速、高效、安全。 相似文献