The Determinants of Cross-border Equity Flows

The Determinants of Cross-border Equity Flows PDF Author: Richard Portes
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 60

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Book Description
We apply a new approach to a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989-96. The model integrates elements of the finance literature on portfolio composition and the international macroeconomics and asset trade literature. Gross asset flows depend on market size in both source and destination country as well as trading costs, in which both information and the transaction technology play a role. Distance proxies some information costs, and other variables explicitly represent information transmission, an information asymmetry between domestic and foreign investors, and the efficiency of transactions. The remarkably good results have strong implications for theories of asset trade. We find that the geography of information is the main determinant of the pattern of international transactions, while there is little support in our data for diversification and return-chasing motives for transactions."--Authors.

The Determinants of Cross-border Equity Flows

The Determinants of Cross-border Equity Flows PDF Author: Richard Portes
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 60

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Book Description
We apply a new approach to a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989-96. The model integrates elements of the finance literature on portfolio composition and the international macroeconomics and asset trade literature. Gross asset flows depend on market size in both source and destination country as well as trading costs, in which both information and the transaction technology play a role. Distance proxies some information costs, and other variables explicitly represent information transmission, an information asymmetry between domestic and foreign investors, and the efficiency of transactions. The remarkably good results have strong implications for theories of asset trade. We find that the geography of information is the main determinant of the pattern of international transactions, while there is little support in our data for diversification and return-chasing motives for transactions."--Authors.

Asymmetry and International Relationships

Asymmetry and International Relationships PDF Author: Brantly Womack
Publisher: Cambridge University Press
ISBN: 1107132894
Category : Political Science
Languages : en
Pages : 263

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Book Description
America's longest wars have been 'small wars'. This book explains how power differences shape - but don't determine - international relationships.

Asymmetry

Asymmetry PDF Author: Lisa Halliday
Publisher: Simon and Schuster
ISBN: 1501166778
Category : Fiction
Languages : en
Pages : 304

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Book Description
A TIME and NEW YORK TIMES TOP 10 BOOK of the YEAR * New York Times Notable Book and Times Critic’s Top Book of 2018 NAMED ONE OF THE BEST BOOKS OF 2018 BY * Elle * Bustle * Kirkus Reviews * Lit Hub* NPR * O, The Oprah Magazine * Shelf Awareness The bestselling and critically acclaimed debut novel by Lisa Halliday, hailed as “extraordinary” by The New York Times, “a brilliant and complex examination of power dynamics in love and war” by The Wall Street Journal, and “a literary phenomenon” by The New Yorker. Told in three distinct and uniquely compelling sections, Asymmetry explores the imbalances that spark and sustain many of our most dramatic human relations: inequities in age, power, talent, wealth, fame, geography, and justice. The first section, “Folly,” tells the story of Alice, a young American editor, and her relationship with the famous and much older writer Ezra Blazer. A tender and exquisite account of an unexpected romance that takes place in New York during the early years of the Iraq War, “Folly” also suggests an aspiring novelist’s coming-of-age. By contrast, “Madness” is narrated by Amar, an Iraqi-American man who, on his way to visit his brother in Kurdistan, is detained by immigration officers and spends the last weekend of 2008 in a holding room in Heathrow. These two seemingly disparate stories gain resonance as their perspectives interact and overlap, with yet new implications for their relationship revealed in an unexpected coda. A stunning debut from a rising literary star, Asymmetry is “a transgressive roman a clef, a novel of ideas, and a politically engaged work of metafiction” (The New York Times Book Review), and a “masterpiece” in the original sense of the word” (The Atlantic). Lisa Halliday’s novel will captivate any reader with while also posing arresting questions about the very nature of fiction itself.

Asymmetric Warfare

Asymmetric Warfare PDF Author: Rod Thornton
Publisher: Polity
ISBN: 0745633641
Category : Political Science
Languages : en
Pages : 253

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Book Description
In recent years, the nature of conflict has changed. Through asymmetric warfare radical groups and weak state actors are using unexpected means to deal stunning blows to more powerful opponents in the West. From terrorism to information warfare, the Wests air power, sea power and land power are open to attack from clever, but much weaker, enemies. In this clear and engaging introduction, Rod Thornton unpacks the meaning and significance of asymmetric warfare, in both civilian and military realms, and examines why it has become such an important subject for study. He seeks to provide answers to key questions, such as how weaker opponents apply asymmetric techniques against the Western world, and shows how the Wests military superiority can be seriously undermined by asymmetric threats. The book concludes by looking at the ways in which the US, the state most vulnerable to asymmetric attack, is attempting to cope with some new battlefield realities. This is an indispensable guide to one of the key topics in security studies today.

Asymmetric Conflicts

Asymmetric Conflicts PDF Author: T. V. Paul
Publisher: Cambridge University Press
ISBN: 9780521466219
Category : History
Languages : en
Pages : 268

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Book Description
This book examines a question generally neglected in the study of international relations: why does a militarily and economically less powerful state initiate conflict against a relatively strong state? T. V. Paul analyses this phenomenon by focusing on the strategic and political considerations, domestic and international, which influence a weaker state to initiate war against a more powerful adversary. The key argument of deterrence theory is that the military superiority of the status quo power, coupled with a credible retaliatory threat, will prevent attack by challengers. The author challenges this assumption by examining six twentieth-century asymmetric wars, from the Japanese offensive against Russia in 1904 to the Argentine invasion of the Falkland Islands in 1982. The book's findings have wide implications for the study of war, power, deterrence, coercive diplomacy, strategy, arms races, and alliances.

Russia and America

Russia and America PDF Author: Andrei P. Tsygankov
Publisher: Polity
ISBN: 9781509531141
Category : Political Science
Languages : en
Pages : 0

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Book Description
In recent times, US-Russia relations have deteriorated to what both sides acknowledge is an “all time low.” Russian interference in the 2016 US presidential election and Putin’s continued support for the Assad regime in Syria have placed enormous strain on this historically tense and complex relationship. In one of the first analyses of the evolving Trump-Putin relationship, leading scholar of Russian foreign policy Andrei P. Tsygankov challenges the dominant view that US-Russia relations have entered a new Cold War phase. Russia’s US strategy, he argues, can only be understood in the context of a changing international order. While America strives to preserve its global dominance, Russia—the weaker power—exploits its asymmetric capabilities and relations with non-Western allies to defend and promote its interests, and to avoid yielding to US pressures. Focusing on key areas of conflict and mutual convergence—from European security to China and the Middle East, as well as cyber, nuclear, and energy issues—Tsygankov paints a nuanced and unsentimental picture of two countries whose ties are likely to remain marked by suspicion and conflict for years to come.

China Among Unequals

China Among Unequals PDF Author: Brantly Womack
Publisher: World Scientific
ISBN: 9814295272
Category : Political Science
Languages : en
Pages : 551

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Book Description
Presents asymmetry theory, a different paradigm for the study of international relations, derived from China's relationships with its neighbors and the world. This title brings together key writings on the theory and its applications to China's basic foreign policy, particularly towards the United States and the rest of Asia.

Time and Social Theory

Time and Social Theory PDF Author: Barbara Adam
Publisher: John Wiley & Sons
ISBN: 0745669395
Category : Social Science
Languages : en
Pages : 346

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Book Description
Time is at the forefront of contemporary scholarly inquiry across the natural sciences and the humanities. Yet the social sciences have remained substantially isolated from time-related concerns. This book argues that time should be a key part of social theory and focuses concern upon issues which have emerged as central to an understanding of today's social world. Through her analysis of time Barbara Adam shows that our contemporary social theories are firmly embedded in Newtonian science and classical dualistic philosophy. She exposes these classical frameworks of thought as inadequate to the task of conceptualizing our contemporary world of standardized time, computers, nuclear power and global telecommunications.

Advances in Self-Organizing Maps and Learning Vector Quantization

Advances in Self-Organizing Maps and Learning Vector Quantization PDF Author: Thomas Villmann
Publisher: Springer
ISBN: 3319076957
Category : Technology & Engineering
Languages : en
Pages : 312

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Book Description
The book collects the scientific contributions presented at the 10th Workshop on Self-Organizing Maps (WSOM 2014) held at the University of Applied Sciences Mittweida, Mittweida (Germany, Saxony), on July 2–4, 2014. Starting with the first WSOM-workshop 1997 in Helsinki this workshop focuses on newest results in the field of supervised and unsupervised vector quantization like self-organizing maps for data mining and data classification. This 10th WSOM brought together more than 50 researchers, experts and practitioners in the beautiful small town Mittweida in Saxony (Germany) nearby the mountains Erzgebirge to discuss new developments in the field of unsupervised self-organizing vector quantization systems and learning vector quantization approaches for classification. The book contains the accepted papers of the workshop after a careful review process as well as summaries of the invited talks. Among these book chapters there are excellent examples of the use of self-organizing maps in agriculture, computer science, data visualization, health systems, economics, engineering, social sciences, text and image analysis and time series analysis. Other chapters present the latest theoretical work on self-organizing maps as well as learning vector quantization methods, such as relating those methods to classical statistical decision methods. All the contribution demonstrate that vector quantization methods cover a large range of application areas including data visualization of high-dimensional complex data, advanced decision making and classification or data clustering and data compression.

China and Vietnam

China and Vietnam PDF Author: Brantly Womack
Publisher: Cambridge University Press
ISBN: 9780521618342
Category : Political Science
Languages : en
Pages : 300

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Book Description
The value of asymmetry theory is demonstrated in the dynamics of the Sino-Vietnamese relationship.