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In the last decade, Hong Kong maintains a relatively stable and sustained economic growth compared to other developed countries despite the Asian Financial Crisis in 1997, the outburst of IT Bubble in 2001, the Severe Acute Respiratory Syndrome in 2003. This thesis suggests that integration with China is the reason for such growth. Many studies have shown that Hong Kong and China have been closely
High trading volume is a common phenomenon in global financial markets, and it seems to go against the paradigm of classic economic theory based on rational agents and efficient markets. In this thesis, we turn to behavioral finance, as we try to explain this anomaly as a consequence of the so-called overconfidence bias. According to previous research, market return influences the level of overcon
This paper examines to what extent the 2011 EU-wide bank stress test provided the market with new information. The intention is to conclude whether the European banking sector should be considered opaque or not. This is done by studying the credit default swap market and the equity market using event-study methodologies. Three different groups will be observed: i) the stress tested banks ii) a sam
The Killeröd Formation ("Bronnii beds or Coscinorrhinus limestone") is a thin, but distinctive formation in the Middle Ordovician, upper Uhakuan Stage, of southeastern Scania, the southernmost province of Sweden. It is about 70 cm thick and consists of alternating grey microcrystalline limestone and blue-grey shaly mudstone. The Killeröd Fm is richly fossiliferous and has yielded a fairl
Glacial and marine geomorphological features have been studied and mapped on the south coast of Gilsfjördur West-Iceland. In this region the main Icelandic ice-sheet is supposed to have met with a separate Vestfirdir ice-cap. Fossiliferous sediments in the area are assumed to be of Late Weichselian age. Sediment terraces in the valley mouths indicate that smaller glaciers existed in the valleys al
Economic sanctions are defined as the exercise of pressure by one state to bring about a change in political behaviour of another state. Traditional economic sanctions are directed at the entire population of the sanctioned country while targeted sanctions are directed at the State’s government and/or individuals. Iran has become a sanction target first in 1979, which was imposed by United States
Temperature often affects maternal investment in offspring. Across and within species, mothers in colder environments generally produce larger offspring than mothers in warmer environments, but the underlying drivers of this relationship remain unresolved. We formally evaluated the ubiquity of the temperature–offspring size relationship and found strong support for a negative relationshipacross a
Riodinidae is a highly diverse buttery family with the majority of its genera restricted to the Neotropics and, despite previous efforts, its higher systematics remains unresolved. Here, we propose a novel phylogenetic hypothesis, based on a comprehensive sample of riodinids, primarily from the Neotropics, covering 67% of all genera and all of the major lineages. We sequenced nine molecular marke
Background: In 2015, six indicators were proposed to evaluate global progress towards access to safe, affordable and timely surgical and anaesthesia care. Although some have been adopted as core global health indicators, none has been evaluated systematically. The aims of this study were to assess the availability, comparability and utility of the indicators, and to present available data and upda
Although grade inflation is unfair and may imply inefficient allocation of human resources, current knowledge of grade inflation effects on individual outcomes is scarce. One explanation is probably the challenge of measuring and estimating causal grade inflation effects. This study examines the consequences of grade inflation at the upper secondary education level on enrolment in higher education
The interaction of antikaons with nucleons and nuclei in the low-energy regime represents an active research field in hadron physics with still many important open questions. The investigation of light kaonic atoms is, in this context, a unique tool to obtain precise information on this interaction. The energy shift and broadening of the lowest-lying states of such atoms, induced by the kaon-nucle
We present the microscopic model for collective effects, built on string–string interactions (string shoving and rope hadronization), recently implemented in the PYTHIA8 and DIPSY event generators. Rope hadronization is shown to give a good description of strangeness enhancement across pp, pA and AA collision systems, while string shoving qualitatively describes the ridge observed in pp collisions
In trying to understand why archaeology is so strongly associated with the method of excavation, this paper examines different relationships between excavation, archaeology, archaeologists and modern society.
Amyloid plaques and neurofibrillary tangles (NFTs) in the brain are the neuropathological hallmarks of Alzheimer's disease (AD). Amyloid plaques are composed of β-amyloid peptides (Aβ), while NFTs contain hyperphosphorylated tau proteins. Patients with familial AD who have mutations in the amyloid precursor protein (APP) gene have either increased production of Aβ or generate more aggregation-pron
Dietary sphingomyelin (SM) undergoes sequential cleavage to ceramide and sphingosine in the intestine. A distinctive intestinal sphingomyelinase (SMase) with alkaline pH-optimum was earlier identified by us. The activity was highest in middle and lower small intestine, but its role in SM digestion has not been clarified. In this study we examined the extension and capacity of SM digestion in vivo.
This article focuses on one of the most ground-breaking technological attempts to create a novel immersive media environment for a heightened televisual user experience: 3DTV, a Network of Excellence project that was funded by the European Commission 6th Framework Information Society Technologies Programme. Based on the theoretical framework mainly outlined in the works of Jonathan Crary and Brian
