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Angelika Schöchlin 《实用企业财务杂志》2002,14(4):100-107
This article provides an assessment of the current state of the market for catastrophe (or "Cat") bonds. Given the changes in insurance markets since September 11th, the demand for Cat bonds is likely to increase. For issuers, Cat bonds have the effect of transferring risks to the capital markets that would normally be underwritten by insurance or reinsurance companies. And as a substitute for insurance, Cat bonds have the potential to help issuers address problems such as lack of capacity and real risk transfer, cyclicality, and credit risk that are commonly associated with insurance and reinsurance markets. Investors value Cat bonds in part because of their low correlations with stocks and conventional bonds. Notable trends in the structuring of the products involve higher levels of risk transfer, longer-term contracts, and linkage to a portfolio of catastrophic risks. 相似文献
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While the energy generation system is changing towards the use of more renewable energies, the problem of how to deal with fluctuating energy supply is increasing. Smart appliances in households are often referenced as one possible solution, as their operation may be shifted in time and, thus, used to balance an unstable energy supply. The potential of such appliances has been studied to date mainly in pilot installations with a very limited number of participants or by making assumptions on what might be possible. With this work, a semi‐representative approach for 12 European countries was used to assess actual consumer habits for the use of washing machines and dishwashers which then could be used to calculate average load profiles for those appliances depending on the time of the day. Using these profiles, it is strait forward to calculate how much load may be shifted by those appliances in a demand response application. This allows aggregators or energy utilities to assign clear financial benefits to the shifting potential of those appliances. Consumers use the shifting of appliance operation already today for various reasons. Investigating these reasons allows to learn already a lot about the flexibility of consumers. 相似文献
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Angelika Bauer-Delto 《Heilberufe》2009,61(5):39-43
Inkontinenz schw?cht die fragile Barrierefunktion der Altershaut - Gesunde Haut erfüllt eine Reihe wichtiger Schutzfunktionen.
Mit zunehmendem Alter l?sst diese Schutzfunktion der Haut jedoch nach und sie wird besonders anf?llig für Sch?digungen durch
Harn- oder Stuhlinkontinenz. Diese Risiken sollten bei der pflegerischen Versorgung beachtet werden, damit die Haut trotz
Inkontinenz gesund bleibt. 相似文献
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DIC in variable selection 总被引:2,自引:0,他引:2
Model comparison is discussed from an information theoretic point of view. In particular the posterior predictive entropy is related to the target yielding DIC and modifications thereof. The adequacy of criteria for posterior predictive model comparison is also investigated depending on the comparison to be made. In particular variable selection as a special problem of model choice is formalized in different ways according to whether the comparison is a comparison across models or within an encompassing model and whether a joint or conditional sampling scheme is applied. DIC has been devised for comparisons across models. Its use in variable selection and that of other criteria is illustrated for a simulated data set. 相似文献
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This paper demonstrates the prominent role of antidumping laws as an instrument of endogenous trade policy in the EC. In contrast with the U.S. where anti-dumping decisions are largely subject to technical determination and trade barriers result from protectionist rules, the EC application of antidumping laws provides protection through administrative discretion and political influence on administrators. Whereas political influence seems to have increased over time in the U.S., the results of our empirical analysis of the EC antidumping decisions in the 1980 to 1990 period indicate that it has been curbed by the increased formalization of the antidumping investigation in the EC in this period. The estimation results show, however, that the tightening impact of each of the three institutional changes during this period faded within two years. 相似文献
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Angelika Pasterniak 《Intereconomics》2007,42(6):322-334
In the mid-term review of the Lisbon strategy only moderate progress towards the European Union's becoming the most competitive
and dynamic knowledge-based economy in the world by 2010 could be observed. The EU Commission had emphasised the impact of
fiscal policy on the structural reforms necessary to achieve the Lisbon objectives. This paper examines the empirical relationship
between fiscal policy and progress towards the Lisbon goals and offers a critical assessment of the indicators available. 相似文献
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Hans Mühlbacher Wilfried Vyslozil Angelika Ritter 《Journal of Marketing Management》2013,29(2):205-207
The article deals with the problem of diagnosing cultural change necessitated by a shift in market strategy and the measurement of adaptability of an existing corporate culture. Starting from the proposition that there has to be a fit between strategic goals, goal‐relevant norms of behaviour followed by the employees, and their attitudes concerning the contents of the norms in order to be able to successfully implement a new market strategy, the authors develop an approach for measuring discrepancies between these variables. Describing an empirical study run in a middle‐sized Austrian company they show how the approach may work in practice. The degree of cultural change required is delected and located. An evaluation of the existing culture's adaptability clearly indicates that necessary changes may encounter higher risks of failure. 相似文献