Are Capital Markets Color-Blind? The Impact of the Homeland Security Alert Level on Capital Markets

2007 ◽  
Author(s):  
Oguzhan Karakas
Keyword(s):  
Homeland Security ◽  
Capital Markets ◽  
Color Blind ◽  
The Impact

A Study on Investment Decision of Investors With Reference to Penetration of Mutual Funds in India

2016 ◽  
Vol 5 (2) ◽  
Author(s):  
Ratish C Gupta ◽  
Dr. Manish Mittal
Keyword(s):  
Decision Making ◽  
Real Estate ◽  
Mutual Funds ◽  
Capital Markets ◽  
Mutual Fund ◽  
Financial Services ◽  
Investment Decision ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
The Impact

The Indian mutual fund industry is one of the fastest growing and most competitive segments of the financial sector. The extent of under-penetration in the market is a sore point with the financial services industry, with a large amount of savings being channelized into fixed deposits, gold and real estate rather than the capital markets. The mutual fund industry is yet to spread its reach beyond Tier I cities. The top fifteen cities contribute to 85% of the pie, with the remaining 15% distributed among other cities. The study seeks to determine the impact of decision making of investors on current situation of mutual fund industry.

Global Algorithmic Capital Markets

2018 ◽  
Keyword(s):  
Public Policy ◽  
Capital Markets ◽  
Systemic Risk ◽  
High Frequency ◽  
Investor Protection ◽  
High Frequency Trading ◽  
Market Making ◽  
Market Governance ◽  
Policy Objectives ◽  
The Impact

This book illustrates and assesses the dramatic recent transformations in capital markets worldwide and the impact of those transformations. ‘Market making’ by humans in centralized markets has been replaced by supercomputers and algorithmic high frequency trading operating in often highly fragmented markets. How do recent market changes impact on core public policy objectives such as investor protection, reduction of systemic risk, fairness, efficiency, and transparency in markets? The operation and health of capital markets affect all of us and have profound implications for equality and justice in society. This unique set of chapters by leading scholars, industry insiders, and regulators sheds light on these and related questions and discusses ways to strengthen market governance for the benefit of society at large.

High-Frequency and Passive Radar Designs for Homeland Security Applications

2011 ◽  
Vol 45 (3) ◽  
pp. 111-119 ◽  
Author(s):  
Magdy F. Iskander ◽  
Zhengqing Yun ◽  
Nuri Celik ◽  
Hyoungsun Youn ◽  
Nobutaka Omaki ◽  
...  
Keyword(s):  
Surface Roughness ◽  
Homeland Security ◽  
High Frequency ◽  
Beam Steering ◽  
Antenna System ◽  
Hf Radar ◽  
Passive Radar ◽  
High Definition ◽  
Security Applications ◽  
The Impact

AbstractEmerging homeland security applications require low-cost and fast, deployable, high-frequency (HF) radar systems and the ability to operate in challenging terrain environments. With the need to cover as many border and coastal areas as possible, taking advantages of available transmitter resources to track targets using passive radar technologies is yet another area of research of considerable interest. In this paper, we describe the development of an HF radar system that meets these operational challenges, and we also highlight some recent implementation of the passive radar technology for homeland security applications. Specifically, we describe the design of a novel, electrically small HF antenna system consisting of three helical elements, one connected to the feed port while the other two are folded arms terminated with switchable loads. The antenna is 0.90-m (<3 feet) high with a small ground disk of 0.60 m (∼2 feet) diameter. The antenna is self-resonant at multiple frequencies (5.7, 16, 20.5, and 27.7 MHz) and with input impedance values that can be easily matched to a 50-Ω coaxial feed. Values of the electrical size ka range from 0.44 at 30 MHz down to 0.08 at 5.7 MHz. The achieved bandwidths range from 1.4% up to 12% and associated efficiencies range from 66.2% to 76% within the HF band (3‐30 MHz). As for the operational requirement in challenging terrain environments, a setup in a hilltop-type environment with a slope terrain and surface roughness was considered. A propagation modeling and ray-tracing approach was used to evaluate the impact of such terrain conditions on the effective interelement spacing of an HF radar antenna array and the subsequent impact on its beamforming and beam steering performance. It is shown that while the effect of the slope on the effective interelement spacing of the array could be very significant, diffraction effects from surface roughness resulted in a much smaller, but significant, error of about 18°. Results from some initial work on the implementation of passive radar technology, with focus on addressing the bandwidth requirement to ensure practical resolution values, are also described. It is shown that signals from wide-band transmitters (e.g., High Definition Television [HDTV] signals) rather than those from radio stations are required to provide acceptable range resolution. These as well as simulation and experimental results of the antenna design, and results from beamforming simulations illustrating the effect of a rough hilltop terrain on the HF radar performance are described.

Impact of Ventilation on Fire Behavior in Legacy and Contemporary Residential Construction

2010 ◽  
Author(s):  
Steve Kerber ◽  
Keyword(s):  
Homeland Security ◽  
Fire Behavior ◽  
The United States ◽  
Fire Service ◽  
United States Department ◽  
Department Of Homeland Security ◽  
Front Door ◽  
Fire Environment ◽  
Open Floor ◽  
The Impact

Under the United States Department of Homeland Security (DHS) Assistance to Firefighter Grant Program, Underwriters Laboratories examined fire service ventilation practices as well as the impact of changes in modern house geometries. There has been a steady change in the residential fire environment over the past several decades. These changes include larger homes, more open floor plans and volumes and increased synthetic fuel loads. This series of experiments examine this change in fire behavior and the impact on firefighter ventilation tactics. This fire research project developed the empirical data that is needed to quantify the fire behavior associated with these scenarios and result in immediately developing the necessary firefighting ventilation practices to reduce firefighter death and injury. Two houses were constructed in the large fire facility of Underwriters Laboratories in Northbrook, IL. The first of two houses constructed was a one-story, 1200 ft, 3 bedroom, 
bathroom house with 8 total rooms. The second house was a two-story 3200 ft, 4 bedroom, 2.5 bathroom house with 12 total rooms. The second house featured a modern open floor plan, two- story great room and open foyer. Fifteen experiments were conducted varying the ventilation locations and the number of ventilation openings. Ventilation scenarios included ventilating the front door only, opening the front door and a window near and remote from the seat of the fire, opening a window only and ventilating a higher opening in the two-story house. One scenario in each house was conducted in triplicate to examine repeatability. The results of these experiments provide knowledge for the fire service for them to examine their thought processes, standard operating procedures and training content. Several tactical considerations were developed utilizing the data from the experiments to provide specific examples of changes that can be adopted based on a departments current strategies and tactics.

scholarly journals The changing landscape of economy: social and technological progress in explaining the informational efficiency of capital markets

2020 ◽  
Vol 14 (1) ◽  
pp. 940-952
Author(s):  
Iuliana Ursu
Keyword(s):  
Market Efficiency ◽  
Capital Markets ◽  
Technological Progress ◽  
Bayesian Model Averaging ◽  
Negative Impact ◽  
Efficient Market Hypothesis ◽  
Social Progress ◽  
Informational Efficiency ◽  
Market Mechanisms ◽  
The Impact

AbstractIn today’s ever-changing landscape of economy, one of the fundamental problems remains whether market mechanisms are functioning in an efficient way, and which are the variables impacting those levels of efficiency. The main objectives of the present paper are to contribute to a better understanding of market mechanisms, by testing the Efficient market hypothesis on its weak form at a macroeconomic level, and to assess the impact of technological and social progress, measured through different variables, on markets informational efficiency. We use an adapted version of L. Kristoufek si M. Vosvrda (L. Kristoufek, M. Vosvrda, 2013, 184) methodology for Efficiency Index, based on long term memory (using 2 estimators), fractal dimension (using 11 estimators), and entropy (estimated through the approximate entropy), in order to assess the levels of efficiency for 20 market indices from both developed and emerging or frontier economies, from the Eurasia region. Further on, by using the Bayesian Model Averaging (BMA), we study the impact of technological and social progress on markets informational efficiency. Main results of the study reveal the existence of a market dynamics characterized by areas with distinctive levels of “informational efficiency”, within both developed and emerging economies, encompassing a non-negligible link between past and present, persistence or anti-persistence, and a high data complexity. Moreover, while studying the relationship between market efficiency and social and technological progress, we observe that variables such as Government Effectiveness, or Control of Corruption, have a positive impact on the levels of efficiency of capital markets, while most of the technological progress estimators (amongst which Computer, communications and other services (% of commercial service exports), or Individuals using the Internet (% of population)), have a negative impact, translated into a decrease of informational market efficiency on the short run (the rise of high frequency trading).

scholarly journals Fiscal fault, financial fix? Capital Markets Union and the quest for macroeconomic stabilization in the Euro Area

2018 ◽  
Vol 22 (2) ◽  
pp. 117-138 ◽  
Author(s):  
Benjamin Braun ◽  
Marina Hübner
Keyword(s):  
Capital Markets ◽  
Governance Structure ◽  
Macroeconomic Stabilization ◽  
European Monetary ◽  
Macroeconomic Conditions ◽  
Structural Capacity ◽  
Capital Markets Union ◽  
Fiscal Austerity ◽  
The Business Cycle ◽  
The Impact

This article seeks to situate and explain the European Union’s push for a Capital Markets Union – and thus for a more market-based financial system – in the broader context of macroeconomic governance in politically fractured polities. The current governance structure of the European Monetary Union severely limits the capacity of both national and supranational actors to provide a core public good: macroeconomic stabilization. While member states have institutionalized fiscal austerity and abandoned other macroeconomic levers, the European polity lacks the fiscal resources necessary to achieve stable macroeconomic conditions – smoothing the business cycle, ensuring growth and job creation and mitigating the impact of output shocks on consumption. Capital Markets Union, we argue, is the attempt of European policymakers to devise a financial fix to this structural capacity gap. Using its regulatory powers, the Commission, supported by the European Central Bank (ECB), seeks to harness private financial markets and instruments to provide the public policy good of macroeconomic stabilization. We trace how technocrats, think tanks, and financial-sector lobbyists, through the strategic use of knowledge and expertise, established securitization and market-based finance as solutions to the European Monetary Union’s governance problems.

Collaboration and E-Government

2010 ◽  
pp. 76-90
Author(s):  
Christopher G. Reddick
Keyword(s):  
Homeland Security ◽  
Chief Information Officers ◽  
State Governments ◽  
Management Effectiveness ◽  
Collaborative Process ◽  
Security Information ◽  
Effective Collaboration ◽  
The Impact ◽  
Collaborative Efforts

Collaboration is an important element in the advancement of e-government (Hu et al., 2006). This chapter examines the level of collaboration among state governments to see how advanced they are in e-government. Collaboration is critical in homeland security because it is one of the often cited challenges in the time of a crisis (Reddick, 2008). In order to understand Homeland Security Information Systems (HSIS), one must delve into the impact of collaboration and e-government. There is a growing body of research on e-government and its impact on managerial effectiveness; with collaboration being an important area of management effectiveness (Yang and Paul, 2005; Reddick 2007). This chapter examines how state governments measure up against some noted principles of effective collaboration. The role of citizens in the collaborative process is examined, with citizens arguably being the key to more effective collaborative efforts through e-government (Vigoda-Gadot, 2002). Indeed, research shows that citizen involvement in the decision-making process through collaborative efforts will enhance democracy and accountability of governments (Vigoda-Gadot, 2003). In order to examine collaboration and e-government this chapter first outlines several key principles of effective collaboration and relates them to e-government. Second, this chapter provides a conceptual framework of collaboration and e-government. Third, there is a data analysis of a survey of Chief Information Officers (CIO) opinions on collaboration and e-government. The conclusion of this chapter summarizes and examines the impact of collaboration on HSIS.

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