Risk-based capital standards presume a need for common capital standards across countries. The details of forging an agreement were left to the staffs of the primary bank regulators in each country, and compromises were inevitable. Although domestic constituencies' reactions to the proposals were invited, the arduous negotiations that led to the proposals generated intense pressure on the principals not to make changes. The European Community's approach to financial integration seems to be driven by a political desire to achieve an integrated market within Europe, despite significant...

Economics has been basically a study of the interactions between organizations, with some organizations being so small we only have one person in them. The internal organization of the largest hierarchies has indeed been looked at, but a good reason for working less on these organizations is that the internal reactions are much harder to understand. It is sensible to solve the problems we can solve and put the others off until later. The author's basic purpose here is to look at these larger hierarchical organizations, and develop a scientific account of them.
In Economic...

3. Textbook for a course in expert systems, if an emphasis is placed on Chapters 1 to 3 and on a selection of material from Chapters 4 to 7. There is also the option of using an additional commercially available sheU for a programming project. In assigning a programming project, the instructor may use any part of a great variety of books covering many subjects, such as car repair. Instructions for mostofthe "weekend mechanic" books are close stylisticaUy to expert system rules. Contents Chapter 1 gives an introduction to the subject matter; it briefly presents basic concepts, history, and...

The purpose of The Political Economy of the Educational Process is to demonstrate in an elemental way what economics can contribute to our understanding of how education occurs. Although in ways similar, the book is significantly different from other studies in the economics of education. Other works are primarily concerned with the effects which education (or, to use the economist's jargon, human capital) has on production, market efficiency, and the distri- bution of income. The central concern of this book is how and why the student goes about acquiring whatever human capital he wishes and...

In a sense, this book might seem like a strange undertaking for two economists. The material seems to be much closer to political science than to economics; our topic is the determinants of congressional voting. Legislatures and roll call voting are traditionally in the domain of political science. This introduction is intended to explain why we have found this book worth writing. Today the economy functions in a regulated framework. Whether or not there ever was a "golden age" of laissez faire capitalism is an issue for historians; such an age does not now exist. One implication of the high...

Research in the field of automatic speech and speaker recognition has made a number of significant advances in the last two decades, influenced by advances in signal processing, algorithms, architectures, and hardware. These advances include: the adoption of a statistical pattern recognition paradigm; the use of the hidden Markov modeling framework to characterize both the spectral and the temporal variations in the speech signal; the use of a large set of speech utterance examples from a large population of speakers to train the hidden Markov models of some fundamental speech units; the...

Throughout the world, a sense of crisis has settled in like a nightmare that refuses to leave. We look towards the horizon with apprehension. Major changes are afoot. Older industrial regions, once rich and powerful, stand by helplessly as factories close down. Poor countries are sliding into bankruptcy, unable even to feed their populations. In a few scattered enclaves, called ex port platforms, new manufacturing plants spring up overnight: they employ predominantly young, unmarried women and ship their products to unknown destinations overseas. Small companies are eaten up by bigger ones...

George Tsebelis' veto players approach has become a prominent theory to analyze various research questions in political science. Studies that apply veto player theory deal with the impact of institutions and partisan preferences of legislative activity and policy outcomes. It is used to measure the degree of policy change and, thus, reform capacity in national and international political systems. This volume contains the analysis of leading scholars in the field on these topics and more recent developments regarding theoretical and empirical progress in the area of political reform-making....

Our societies obviously rest on common beliefs. These "myths" are tools that help us to develop and build common identities; they form the structure around which societies function. This does not imply that these beliefs are "true," in the sense that they would be supported by empirical facts. In social matters, myths have undoubtedly important functions to play even if no empirical facts support them. On the other hand, and precisely because they are not discussed, myths may be problematic: they may create illusions, conserve structures that are inefficient and unable to improve the...