China’s Economic Conditions

DTIC Science & Technology

2008-11-20

occurred during the 1997-1998 Asian financial crisis when it offered financial assistance to Thailand and pledged not to devalue its currency even though...combination of large trade surpluses, foreign direct investment flows, and large-scale purchases of foreign currency have helped make China the world’s largest...Trade Organization (WTO) commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency policy

Civil Power in Irregular Conflict

DTIC Science & Technology

2010-04-01

more years and is 30 percent or more per year; currency has been devalued 50 percent or more in the last three years; unemployment has exceeded 20...the creation of a currency or the running of an election or even the establishment of regulatory requirements for an industry, such as... currency and payments system, which provides a medium for transactions and store of value for the public. Overarching Objectives • Help monetary

Iran Sanctions

DTIC Science & Technology

2012-04-26

can use it to buy rials—or services denominated in rials—cheaply. • These difficulties—shipping, currency devaluation , and others—have driven up the...increasingly trading through barter arrangements rather than hard currency exchange. The pullout from Iran by major international firms has slowed Iran’s...countries to the concept of sanctioning Iran’s Central Bank was based on humanitarian grounds. One of the Central Bank’s roles is to keep Iran’s currency

China’s Economic Conditions

DTIC Science & Technology

2009-03-05

assistance to Thailand and pledged not to devalue its currency even though other East Asian economies had done so, a move that was highly praised by U.S...of large trade surpluses, FDI flows, and large-scale purchases of foreign currency have helped make China the world’s largest holder of foreign...economic policies that violate its commitments in the World Trade Organization and/or are harmful to U.S. economic interests, such as its currency

Security in Oceania in the 21st Century

DTIC Science & Technology

2003-01-01

increase in poverty and unemployment, devaluation of the currency and the introduction of the value added tax (VAT). The FLP leader, an Indo-Fijian...Republic. France has retained the sovereign powers of currency , law and order, justice, defence and also foreign policy in so far as the latter must comply...sovereign powers over justice, law and order, defence and currency until after 13 S. Henningham, ‘The uneasy peace: New Caledonia’s Matignon Accords at mid

Solving the Principal - Agent Problem in Iraq: Economic Incentives Create a New Model for Security

DTIC Science & Technology

2007-12-01

The substantial devaluation of the local currency and prolonged implementation of government subsidies contributed to the growth of a predominantly...solution consisted of currency reform, elimination of price controls, and a reduction of marginal tax rates. Erhard’s solution was to substitute a much...percent. This ensured that the new money had value and helped move economic transactions away from barter and back to the use of currency exchange

Economics and Maritime Strategy: Implications for the 21st Century

DTIC Science & Technology

2006-11-01

nothing to help Thailand. China got credit for not devaluing its currency and offered FTAs to Thailand and subsequently to ASEAN as a whole. (The value and...growth at 6.2 percent; I have augmented it by 1 percent a year to allow for some real currency appreciation; similarly for India. I have also...for some (1 percent a year from 2000) real appreciation of the currencies of China and India, relative to the U.S. dollar. One implication of the

Imported Oil and U.S. National Security

DTIC Science & Technology

2009-01-01

reducing some subsidies and devaluing the currency so as to restore fiscal balance. Chavez has provided campaign financing for presidential candidates in...arbitrage, the markets’ influence on Figure 2.6 Price Per Barrel of West Texas Intermediate in Current and Year 2000 Dollars SOURCES: IMF (undated...security whose price is dependent on or derived from one or more underlying assets, such as stocks, bonds, commodities, or currencies . Its value is

Egypt: Background and U.S. Relations

DTIC Science & Technology

2013-06-27

order to assist exports18 and tourism, the Central Bank has tried to manage the gradual devaluation of the currency (Egyptian Pound), which has slid...8% against the dollar in 2013. Although the government claims that the currency will not collapse, there is concern that rising prices may spark...government considering additional tax increases and subsidy reductions as part of a proposed International Monetary Fund ( IMF ) deal, the cost of living may

Imported Oil and U.S. National Security

DTIC Science & Technology

2009-01-01

government is in the process of reducing some subsidies and devaluing the currency so as to restore fiscal balance. Chavez has provided campaign financing for...SOURCES: IMF (undated); EIA (2009b); BEA (2008). RAND MG838-2.6 Pr ic e (d o lla rs ) Year 80 60 198019761972 19881984 2000 40 20 120 0 100... currencies . Its value is determined by fluctuations in the underlying asset. Futures contracts, forward contracts, options, and swaps are the most

Sub-Saharan Africa Report

DTIC Science & Technology

1987-01-08

ZtJLJ T tTly th°Se °f fruit and ve8etables) and above all the devaluation of the currency . The depreciation of the metical is currentlv a...feeler» <m the possibility of setting up operation» in the rest of Africa, particularly in Zi- mbabwe, Nigeria and Mo- zambique. The executive vice...rationalisation of models; produced. The main aim of the plan is to rationalise the use of foreign currency in importing vehicle kits and spares, which are

Absorbing devaluation: Pemex penalized

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

Shock from Mexico`s international finance debacle has created a ripple across the global pond, affecting trading markets from Buenos Aires to Hong Kong. Mexican consumers must cope with a currency that can purchase 40% fewer imported goods than it could seven weeks ago. The Mexican government has taken austerity measures controlling prices on staple consumer items designed to prevent rampant inflation. State oil company Petroleos Mexicanos is left exposed to some of the costs of the peso devaluation to supply Mexican gasoline markets with imported supply. However, Mexico`s flexible tax structure allows Pemex to divert the cost throughout its operations.

Ottoman Pacification of the Balkans, 1450-1650 C.E

DTIC Science & Technology

2009-06-12

many of the policies of his father that left the empire with a devalued currency , took lands from charitable trusts and placed them as military...Ottoman Example. A Review Article." Comparative Studies in Society and History 20, no. 4 (1978): 626-629. Skendi, Stavro. " Crypto -Christianity in the

DOE Office of Scientific and Technical Information (OSTI.GOV)

Not Available

The recent currency crisis in Europe puts the possibility of European economic union in further jeopardy after the Maastricht Treaty was not approved by the Netherlands earlier this Summer. The increased value of European currencies relative to the US dollar during the past Summer had little effect upon national currency gasoline prices. However, the recent currency devaluations in Italy, Spain, and Portugal, already struggling with weak economies, definitely reduce consumer buying power. Governments may use the high taxes imposed on gasoline as a buffer against higher prices, but still, consumers may buy less gasoline as their money doesn't go asmore » far as it once did. This issue also presents the following: (1) the ED Refining Netback Data Series for the US Gulf and West Coasts, Rotterdam, and Singapore as of Sept. 25, 1992; and (2) the ED Refining Netback Data Series for countries of the Eastern Hemisphere, Sept. 1992 Edition.« less

Economic Crisis in Asia: The Impact on Enrollment in 4 Countries.

ERIC Educational Resources Information Center

Desruisseaux, Paul

1998-01-01

A survey of United States colleges and universities that enroll the largest numbers of students from Indonesia, Malaysia, South Korea, and Thailand, which have experienced currency devaluations and economic uncertainty, found a less than 10% drop in those enrollments, a much lower rate than anticipated. Institutions have taken steps to ease the…

Latin America Report No. 2692

DTIC Science & Technology

1983-06-14

monetary, fiscal and other measures including currency devaluation and trade protectionism. Also, some countries, especially in Latin America, having ex...petroleum exporters like Nigeria , Mexico and Venezuela which until a year ago seemed to have unlimited resources, are now confronted with serious...sole responsibility of the Barbados Government, have been carried out with the financial assistance of the IMF . "Despite the ill-informed and

Sub-Saharan Africa Report

DTIC Science & Technology

1987-03-06

between these countries. Since the onset of the recent depression, marked by the drastic devaluation of the local currency ...Discussed 48 Renamo Downs Helicopter 48 Kidnapped Peasants Released 48 NIGERIA Briefs DPRK Cultural, Educational Agreement Signed 49 SENEGAL Role in...Moustapha S. Diagne; LE SOLEIL, 19 Dec 86) 53 Briefs IMF Funds 55 SIERRA LEONE BBC Updates Student, University Situation (BBC World Service, 5 Feb

Obstacles to Private Sector Activities in Africa,

DTIC Science & Technology

1983-01-01

policy reforms, including higher interest rates, price increases on basic foodstuffs, the ending of subsidies, currency devaluation , and reduced...Monetary Fund ( IMF ) is Pxpanding its lending facilities in Africa, but attaching strict conditivnality to them; the World Bank is trying to restructure...recipient country, puts US investment in Nigeria in 1980 at only $27 million as compared to $205 million in the Cameroon. In fact, the Department of

Can Interest-Free Finance Limit the Frequency of Crises and the Volatility of the Business Cycle?

DTIC Science & Technology

2011-05-14

free economics. Scholars from the International Monetary Fund ( IMF ) researched theoretical interest-free finance a great deal during the 1980s. In...inevitably comes, their assets devalue and their leverage increases. Moreover, a higher proportion of firms become critically leveraged. The interest...to currency crises. Whereas high interest payments might send an otherwise profitable firm to bankruptcy and foreclosure, equity financing may

Securing the Peace After Civil War

DTIC Science & Technology

2009-03-01

transportation infrastructure has been destroyed. The currency is often devalued . Institutions are weak and corrupt with dysfunctional legal, governmental...increases to an average of five percent during a civil war.28 A 1997 IMF study estimated that an additional 2.2 percent of GDP spent on the military...to rule in an arbitrary and repressive manner. The recent examples in Venezuela and Nigeria suggest that even when the governments of oil states

Threat Assessment of the US Intelligence Community for the Senate Select Committee on Intelligence

DTIC Science & Technology

2010-02-02

repressive measures, continued high crime, rising inflation, water and power shortages, and a major currency devaluation , raising questions about his...private investment flows are recovering, and the IMF has the resources to intervene when necessary. Nonetheless, the economies of several countries...will face economic setbacks, particularly if they lose support from the IMF and other sources of finance. Bulgaria, Estonia, Greece, Hungary, Iceland

Annual Threat Assessment of the US Intelligence Community for the House Permanent Select Committee on Intelligence

DTIC Science & Technology

2010-02-03

water and power shortages, and a major currency devaluation , raising questions about his longer term political future. On foreign policy, Chavez’s...have not disappeared. Most emerging market nations have weathered the crisis, international private investment flows are recovering, and the IMF has...lose support from the IMF and other sources of finance. Bulgaria, Estonia, Greece, Hungary, Iceland, Ireland, Latvia, Lithuania, and Romania remain

China Report, Political, Sociological and Military Affairs No. 447

DTIC Science & Technology

1983-08-15

a round of 20 currency devaluations to follow, and reductions in subsidies for wheat and gasoline. Since then, the inflation rate has risen...in clearing its debts. Nigeria , Venezuela, and Colombia will also be facing serious financial difficulties. In view of this situation some Western...that they did was to increase the IMF portion of special loan drawing rights from $61.6 billion to $90 billion (more accurately, to about $98.5

Impact of Military Coups d’etat on West Africa’s Socio-Economic and Political Development

DTIC Science & Technology

2011-12-16

the 1990s. Under President Doe, the Liberian currency was devalued , corruption was at its peak, and the mismanagement of public funds was the rule...from which they are yet to recover. 15. SUBJECT TERMS Africa, Economic development, Governance, Security, the West, West Africa, Nigeria , Cote... Nigeria and Military Coup d’états 1983-1999 .............................................................. 32 The Second Military Coup after the Second

The G-20 and International Economic Cooperation: Background and Implications for Congress

DTIC Science & Technology

2009-12-09

exports may decline should another country devalue its currency or restrict imports to attempt to reverse a trade deficit or protect domestic industries...International Monetary Fund ( IMF ), and more informal economic forums, like the Group of Seven, or G-7, and the Group of 20, or G-20. This report focuses on...international framework to monitor and coordinate economic policies, voting reform at the IMF and World Bank, increased funding of multilateral development banks

U.S. Economic Strategy in Shaping Mexico - Living Happily Ever NAFTA.

DTIC Science & Technology

1998-05-09

DOCTRINE IN THE HOUSE? 21 A U.S. Peso Crisis? 21 U.S. Promotion of Labor Reform 24 v U.S. STRATEGY - LINKING ENDS, WAYS AND MEANS 26 CONCLUSION...part to devaluation of the peso . Percentage changes calculated in local currency- Merchandise trade 5 Source: U.S. Department of Commerce and U.S...Mexico’s economic or political stability. A similar rationale can be applied to understanding the motive for U.S. assistance during the Peso Crisis of

The Asian currency crisis and the Australian health industry.

PubMed

Barraclough, S

1998-01-01

This article identifies linkages between the Australian health industry and the global economy. It discusses some of the consequences of the Asian currency crisis of 1997-98 for the Australian economy and health industry, with special emphasis upon exports. Devaluation of the Australian dollar will increase the cost of most pharmaceutical and medical imports, but may offer competitive advantages to some Australian exporters. The nascent engagement with Asia of many health industry enterprises is likely to be stifled. It is therefore important for Australian governments, as well as the Australian health industry, to provide intelligence and encouragement to those enterprises that wish to continue their engagement with Asia or resume it when economic equilibrium returns. Markets throughout the world must also be further developed. The crisis may therefore provide the stimulus for re-thinking and re-stating Australian health export policy.

Who Gets a Bailout? A Comparative Analysis of U.S. and IMF Responses to Economic Crisis in Mexico (1995), Brazil (1998), and Argentina (2001)

DTIC Science & Technology

2009-12-01

the fixed exchange rate policy would artificially overvalue the peso in light of these events. A year of political turmoil shook Mexico in 1994...disbursed following the full devaluation of the peso and did not try to artificially prop up the overvalued exchange rate . However, in Brazil , the... exchange rate for its currency, whereby the peso was pegged to the U.S. dollar at a ratio of about 3:1.4 1994 was also a year of political turmoil

Can structural adjustment work for women farmers.

PubMed

Mehra, R

1991-12-01

This article discusses the impact of structural adjustment programs (SAPs) on women farmers in developing countries. SAPs aim to improve economic efficiency and promote more rapid economic growth. SAPs are introduced in two phases. The first phase involves short-term loans with the condition that the country adopt monetary restraints and currency devaluation measures. In the second phase, long-term loans are given with the provision that the country deregulate their economy and open up markets. The agricultural sector is affected by SAPs because of their importance in employment, income generation, and export earnings. SAPs result in lower farm commodity prices due to currency devaluations and in removal of subsidies, which results in market-sensitive pricing or higher food prices. The impact of SAPs on agriculture vary between countries. In Morocco and Algeria, agriculture expanded under SAPs. In Indonesia, Bolivia, Costa Rica, and Mexico, the agriculture stagnated or declined. Agricultural growth was slowest in Africa. SAPs were somewhat successful in increasing agricultural exports. Food production grew slowly in many adjusting countries. Blame for failures of SAPs has been placed on government failure to implement reforms properly and overly optimistic assumptions about the timing of productive gains. Little attention has focused on the constraints facing women farmers, who are a large proportion of farmers, particularly in sub-Saharan Africa. This article focuses on the issues of limited access to resources, credit, agricultural extension and information, land ownership, education, and time as constraints to women farmers. Women also must ensure household food security. For SAPs to work effectively, complementary policies must be implemented that reallocate available productive resources and new technologies to women and that deal with women's constraints.

Accion solidaria. A Venezuelan NGO confronts the Herculean task of providing drug access.

PubMed

Dougherty, S

1997-05-01

Venezuela does not currently recognize AIDS as a major public health problem, therefore, it does not fund AIDS services. It is estimated by the World Health Organization that Venezuela may have up to 250,000 HIV-infected citizens. Accion Solidaria (Action for Solidarity) is currently acting as a buyer's club, and as a source of medications from charitable groups in the United States such as the United Against AIDS International, for people living with HIV. Accion Solidaria is an entirely voluntary organization that receives monthly contributions from 41 people, just barely enough to purchase medications for 10 HIV-infected people. These efforts have been hindered by successive devaluations of Venezuelan currency.

Shame closely tracks the threat of devaluation by others, even across cultures.

PubMed

Sznycer, Daniel; Tooby, John; Cosmides, Leda; Porat, Roni; Shalvi, Shaul; Halperin, Eran

2016-03-08

We test the theory that shame evolved as a defense against being devalued by others. By hypothesis, shame is a neurocomputational program tailored by selection to orchestrate cognition, motivation, physiology, and behavior in the service of: (i) deterring the individual from making choices where the prospective costs of devaluation exceed the benefits, (ii) preventing negative information about the self from reaching others, and (iii) minimizing the adverse effects of devaluation when it occurs. Because the unnecessary activation of a defense is costly, the shame system should estimate the magnitude of the devaluative threat and use those estimates to cost-effectively calibrate its activation: Traits or actions that elicit more negative evaluations from others should elicit more shame. As predicted, shame closely tracks the threat of devaluation in the United States (r = .69), India (r = .79), and Israel (r = .67). Moreover, shame in each country strongly tracks devaluation in the others, suggesting that shame and devaluation are informed by a common species-wide logic of social valuation. The shame-devaluation link is also specific: Sadness and anxiety-emotions that coactivate with shame-fail to track devaluation. To our knowledge, this constitutes the first empirical demonstration of a close, specific match between shame and devaluation within and across cultures.

Shame closely tracks the threat of devaluation by others, even across cultures

PubMed Central

Tooby, John; Cosmides, Leda; Porat, Roni; Shalvi, Shaul; Halperin, Eran

2016-01-01

We test the theory that shame evolved as a defense against being devalued by others. By hypothesis, shame is a neurocomputational program tailored by selection to orchestrate cognition, motivation, physiology, and behavior in the service of: (i) deterring the individual from making choices where the prospective costs of devaluation exceed the benefits, (ii) preventing negative information about the self from reaching others, and (iii) minimizing the adverse effects of devaluation when it occurs. Because the unnecessary activation of a defense is costly, the shame system should estimate the magnitude of the devaluative threat and use those estimates to cost-effectively calibrate its activation: Traits or actions that elicit more negative evaluations from others should elicit more shame. As predicted, shame closely tracks the threat of devaluation in the United States (r = .69), India (r = .79), and Israel (r = .67). Moreover, shame in each country strongly tracks devaluation in the others, suggesting that shame and devaluation are informed by a common species-wide logic of social valuation. The shame–devaluation link is also specific: Sadness and anxiety—emotions that coactivate with shame—fail to track devaluation. To our knowledge, this constitutes the first empirical demonstration of a close, specific match between shame and devaluation within and across cultures. PMID:26903649

Cue-elicited food seeking is eliminated with aversive outcomes following outcome devaluation.

PubMed

Eder, Andreas B; Dignath, David

2016-01-01

In outcome-selective Pavlovian-to-instrumental transfer (PIT), stimuli that are predictive of specific outcomes prime instrumental responses that are associated with these outcomes. Previous human studies yielded mixed evidence in respect to whether the PIT effect is affected by a posttraining devaluation of an outcome, with the PIT effect being preserved after a devaluation of a primary reinforcer (food, drugs) but not following the devaluation of a secondary reinforcer (money). The present research examined whether outcome-selective transfer is eliminated when the devaluation of a primary (liquid) reinforcer is strong and aversive. Experiment 1 confirmed these expectations following a devaluation with bad tasting Tween 20. However, outcome-selective transfer was still observed when the earned (devalued) outcome was not consumed immediately after each test (Experiment 2). These results suggest that the capacity of a Pavlovian cue to motivate a specific response is affected by the incentive value of the shared outcome only when the devaluation yields an aversive outcome that is consumed immediately.

[Frequency and variables associated with perceived devaluation-discrimination in victims of the armed conflict in Colombia].

PubMed

Campo-Arias, Adalberto; Ospino, Anyelly C; Sanabria, Adriana R; Guerra, Valeria M; Caamaño, Beatriz H; Herazo, Edwin

2017-11-21

There is no information on frequency of perceived devaluation-discrimination in victims of the armed conflict in Colombia. The aim of this study was thus to determine the frequency of perceived devaluation-discrimination and associated variables among victims of the armed conflict in municipalities in the Department of Magdalena, Colombia. A cross-sectional study was conducted among victims enrolled in the Program for Psychosocial Care and Comprehensive Healthcare for Victims. Depressive symptoms were quantified with four dichotomous items (three or more were classified as high level of depressive symptoms), and perceived devaluation-discrimination was quantified with six dichotomous items (two or more were classified as high perceived devaluation-discrimination). A total of 943 adults participated (M = 47.9; SD = 14.2); 67.4%, women; 109 (11.6%) reported high level of depressive symptoms and 217 (23%) showed high perceived devaluation-discrimination. High perceived devaluation-discrimination was associated with high level of depressive symptoms (OR = 6.47; 95%CI: 4.23-9.88). In conclusion, one-fourth of the victims of the armed conflict in Magdalena reported high perceived devaluation-discrimination, which was significantly associated with high level of depressive symptoms.

Reinforcer devaluation as a consequence of acute nicotine exposure and withdrawal

PubMed Central

Kirshenbaum, Ari; Green, John; Fay, Michael; Parks, Angelique; Phillips, Jesse; Stone, Jason; Roy, Tessa

2014-01-01

RATIONALE Nicotine discontinuation produces behaviors in rats that are congruent with anhedonia, and these symptoms may be related to the devaluation of non-nicotine reinforcers. OBJECTIVE Four separate experiments were performed to explore the parameters surrounding nicotine-induced reinforcer devaluation. METHODS In Experiments 1 and 2, nicotine (0.1 or 0.3 mg/kg) or 0.3 mg/kg nicotine plus 1.0 mg/kg mecamylamine was delivered to rats prior to progressive ratio (PR) schedule sessions in which sucrose was used as a reinforcer. In order to (a) evaluate reinforcer enhancement by nicotine, and (b) reinforcer devaluation in the absence of nicotine, all rats experienced two PR schedule sessions per day for 10 days. Experiment 3 involved nicotine (0.3 mg/kg) and a visual stimulus in place of sucrose reinforcement. In Experiment 4, rats received nicotine (0.3 mg/kg) either before or after a single PR-schedule session for 10 days. RESULTS Experiments 1 and 2 demonstrate that reinforcer devaluation is related to the occupation of nicotinic-acetylcholine receptors. Results from Experiment 3 provide some evidence that devaluation occurs with either sucrose or visual-stimulus reinforcement. Experiment 4 demonstrates that a necessary condition for reinforcer devaluation to occur is the concurrent exposure to the reinforcer and nicotine. CONCLUSIONS Reinforcer devaluation in rats emerges rapidly in a progressive, orderly fashion that coincides with accumulated exposure to nicotine. These results suggest that reinforcer devaluation may be a feature of nicotine that contributes to the abuse liability of tobacco products. PMID:25401169

Transient inactivation of basolateral amygdala during selective satiation disrupts reinforcer devaluation in rats

PubMed Central

West, Elizabeth A.; Forcelli, Patrick A.; Murnen, Alice T.; McCue, David L.; Gale, Karen; Malkova, Ludise

2012-01-01

Basolateral amygdala (BLA) function is critical for flexible, goal-directed behavior, including performance on reinforcer devaluation tasks. Here we tested, in rats, the hypothesis that BLA is critical for conditioned reinforcer devaluation during the period when the primary reinforcer (food) is being devalued (by feeding it to satiety), but not thereafter for guiding behavioral choices. We used a spatially-independent task, which employed two visual cues, each predicting one of two foods. An instrumental action (lever press) was required for reinforcer delivery. After training, rats received BLA or sham lesions, or cannulae implanted in BLA. Under control conditions (sham lesions, saline infusions), devaluation of one food significantly decreased responding to the cue associated with that food, when both cues were presented simultaneously during extinction. BLA lesions impaired this devaluation effect. Transient inactivation of BLA by microinfusion of the GABAA agonist muscimol resulted in an impairment, only when BLA was inactivated during satiation. When muscimol was infused after satiation and, therefore, BLA was inactivated only during the choice test, rats showed no impairment. Thus, BLA is necessary for registering or updating cues to reflect updated reinforcer values, but not for guiding choices once the value has been updated. Our results are the first to describe the contribution of rat BLA to specific components of reinforcer devaluation, and are the first to show impairment in reinforcer devaluation following transient inactivation in the rat. PMID:22845705

Repeated episodes of chronic intermittent ethanol promote insensitivity to devaluation of the reinforcing effect of ethanol

PubMed Central

Lopez, M. F.; Becker, H. C.; Chandler, L. J.

2014-01-01

Studies in animal models have shown that repeated episodes of alcohol dependence and withdrawal promote escalation of drinking that is presumably associated with alterations in the addiction neurocircuitry. Using a lithium chloride-ethanol pairing procedure to devalue the reinforcing properties of ethanol, the present study determined whether multiple cycles of chronic intermittent ethanol (CIE) exposure by vapor inhalation also alters the sensitivity of drinking behavior to the devaluation of ethanol's reinforcing effects. The effect of devaluation on operant ethanol self-administration and extinction was examined in mice prior to initiation of CIE (short drinking history) and after repeated cycles of CIE or air control exposure (long drinking history). Devaluation significantly attenuated the recovery of baseline ethanol self-administration when tested either prior to CIE or in the air-exposed controls that had experienced repeated bouts of drinking but no CIE. In contrast, in mice that had undergone repeated cycles of CIE exposure that promoted escalation of ethanol drinking, self-administration was completely resistant to the effect of devaluation. Devaluation had no effect on the time course of extinction training in either pre-CIE or post-CIE mice. Taken together, these results are consistent with the suggestion that repeated cycles of ethanol dependence and withdrawal produce escalation of ethanol self-administration that is associated with a change in sensitivity to devaluation of the reinforcing properties of ethanol. PMID:25266936

Within-session decrement of the emission of licking bursts following reward devaluation in rats licking for sucrose

PubMed Central

Galistu, Adriana

2017-01-01

We previously observed that dopamine D2-like receptor blockade in rats licking for sucrose produced a within-session decrement of the emission of licking bursts similar to the effect of either reward devaluation, or neuroleptics, on operant responding for different rewards, which, accordingly, we interpreted as an extinction-like effect. This implies that exposing animals to reward devaluation would result in a drop of burst number taking place only after the contact with the devalued reward. To test this prediction, we compared the difference in the within-session time course of burst number in response to high (10%) versus low (2%) concentration sucrose solutions, either in a condition of reward devaluation (exposure to 2% after daily 10%), or in a condition which does not involve changes in the reward value (two groups of subjects each repeatedly exposed to only one of the two concentrations). Reward devaluation resulted in a within-session decrement of the burst number, with the response rate dropping only after the contact with the devalued reward, as predicted. This response pattern was reliably observed only in subjects at their first devaluation experience. In contrast, exposure of separate groups of animals to the two different concentrations yielded lower levels of burst number in the low concentration group apparent since the beginning of the session, as previously observed with dopamine D1-like receptor blockade. These results show that the analysis of burst number, but not of burst size, reveals a specific activation pattern in response to reward devaluation, which differs from the pattern observed comparing the response to two different sucrose concentrations in separate groups of subjects, i.e. in a condition not involving reward devaluation. Finally, the characterisation of the experimental measures of the analysis of licking microstructure in behaviourally (and psychologically) meaningful functional terms, might be relevant for the investigation of the mechanisms underlying behavioural activation and the related evaluation processes. PMID:28493981

Perceived Devaluation and STI Testing Uptake among a Cohort of Street-Involved Youth in a Canadian Setting.

PubMed

Karamouzian, Mohammad; Shoveller, Jean; Dong, Huiru; Gilbert, Mark; Kerr, Thomas; DeBeck, Kora

2017-10-01

Perceived devaluation has been shown to have adverse effects on the mental and physical health outcomes of people who use drugs. However, the impact of perceived devaluation on sexually transmitted infections (STI) testing uptake among street-involved youth, who face multiple and intersecting stigmas due to their association with drug use and risky sexual practices, has not been fully characterized. Data were obtained between December 2013 and November 2014 from a cohort of street-involved youth who use illicit drugs aged 14-26 in Vancouver, British Columbia. Multivariable generalized estimating equations were constructed to assess the independent relationship between perceived devaluation and STI testing uptake. Among 300 street-involved youth, 87.0% reported a high perceived devaluation score at baseline. In the multivariable analysis, high perceived devaluation was negatively associated with STI testing uptake after adjustment for potential confounders (Adjusted Odds Ratio = 0.38, 95% Confidence Interval 0.15-0.98). Perceived devaluation was high among street-involved youth in our sample and appears to have adverse effects on STI testing uptake. HIV prevention and care programs should be examined and improved to better meet the special needs of street-involved youth in non-stigmatizing ways.

Repeated episodes of chronic intermittent ethanol promote insensitivity to devaluation of the reinforcing effect of ethanol.

PubMed

Lopez, M F; Becker, H C; Chandler, L J

2014-11-01

Studies in animal models have shown that repeated episodes of alcohol dependence and withdrawal promote escalation of drinking that is presumably associated with alterations in the addiction neurocircuitry. Using a lithium chloride-ethanol pairing procedure to devalue the reinforcing properties of ethanol, the present study determined whether multiple cycles of chronic intermittent ethanol (CIE) exposure by vapor inhalation also alters the sensitivity of drinking behavior to the devaluation of ethanol's reinforcing effects. The effect of devaluation on operant ethanol self-administration and extinction was examined in mice prior to initiation of CIE (short drinking history) and after repeated cycles of CIE or air control exposure (long drinking history). Devaluation significantly attenuated the recovery of baseline ethanol self-administration when tested either prior to CIE or in the air-exposed controls that had experienced repeated bouts of drinking but no CIE. In contrast, in mice that had undergone repeated cycles of CIE exposure that promoted escalation of ethanol drinking, self-administration was completely resistant to the effect of devaluation. Devaluation had no effect on the time course of extinction training in either pre-CIE or post-CIE mice. Taken together, these results are consistent with the suggestion that repeated cycles of ethanol dependence and withdrawal produce escalation of ethanol self-administration that is associated with a change in sensitivity to devaluation of the reinforcing properties of ethanol. Copyright © 2014 Elsevier Inc. All rights reserved.

Function of the centromedial amygdala in reward devaluation and open-field activity.

PubMed

Kawasaki, K; Glueck, A C; Annicchiarico, I; Papini, M R

2015-09-10

The present research aimed at determining the role played by the amygdala in reward devaluation using transient inactivation induced by lidocaine microinfusions into the centromedial region. Two situations involving reward devaluation were tested in rats: consummatory successive negative contrast (cSNC) and anticipatory negative contrast (ANC). In cSNC, rats exposed to a downshift from 32% to 4% sucrose consume less 4% sucrose than rats always exposed to 4% sucrose. Extensive evidence suggests that reward devaluation in the cSNC situation is accompanied by negative emotion. In ANC, rats consume less 4% sucrose when each session is closely followed by access to 32% sucrose rather than by 4% sucrose. Evidence suggests that reward devaluation in the ANC situation does not involve negative emotions; rather, ANC appears to involve Pavlovian anticipation of the higher value solution. To test the effects of lidocaine microinfusions in a situation known to induce negative emotion, but unrelated to reward devaluation, animals were also exposed to a lighted open field. Centromedial amygdala inactivation reduced the cSNC effect and increased exploratory behavior in the open field, both effects consistent with a reduction in negative emotional state. However, no detectable effects of amygdala inactivation were observed in the ANC situation. These results suggest that, first, the function of the amygdala is not unique to reward devaluation and, second, it is concerned with tagging the devaluation experience with aversive valence. Copyright © 2015 IBRO. Published by Elsevier Ltd. All rights reserved.

Turning negative memories around: Contingency versus devaluation techniques.

PubMed

Dibbets, Pauline; Lemmens, Anke; Voncken, Marisol

2018-09-01

It is assumed that fear responses can be altered by changing the contingency between a conditioned stimulus (CS) and an unconditioned stimulus (US), or by devaluing the present mental representation of the US. The aim of the present study was to compare the efficacy of contingency- and devaluation-based intervention techniques on the diminishment in - and return of fear. We hypothesized that extinction (EXT, contingency-based) would outperform devaluation-based techniques regarding contingency measures, but that devaluation-based techniques would be most effective in reducing the mental representation of the US. Additionally, we expected that incorporations of the US during devaluation would result in less reinstatement of the US averseness. Healthy participants received a fear conditioning paradigm followed by one of three interventions: extinction (EXT, contingency-based), imagery rescripting (ImRs, devaluation-based) or eye movement desensitization and reprocessing (EMDR, devaluation-based). A reinstatement procedure and test followed the next day. EXT was indeed most successful in diminishing contingency-based US expectancies and skin conductance responses (SCRs), but all interventions were equally successful in reducing the averseness of the mental US representation. After reinstatement EXT showed lowest expectancies and SCRs; no differences were observed between the conditions concerning the mental US representation. A partial reinforcement schedule was used, resulting in a vast amount of contingency unaware participants. Additionally, a non-clinical sample was used, which may limit the generalizability to clinical populations. EXT is most effective in reducing conditioned fear responses. Copyright © 2018 Elsevier Ltd. All rights reserved.

Cognitive-behavioral and electrophysiological evidence of the affective consequences of ignoring stimulus representations in working memory.

PubMed

De Vito, David; Ferrey, Anne E; Fenske, Mark J; Al-Aidroos, Naseem

2018-06-01

Ignoring visual stimuli in the external environment leads to decreased liking of those items, a phenomenon attributed to the affective consequences of attentional inhibition. Here we investigated the generality of this "distractor devaluation" phenomenon by asking whether ignoring stimuli represented internally within visual working memory has the same affective consequences. In two experiments we presented participants with two or three visual stimuli and then, after the stimuli were no longer visible, provided an attentional cue indicating which item in memory was the target they would have to later recall, and which were task-irrelevant distractors. Participants subsequently judged how much they liked these stimuli. Previously-ignored distractors were consistently rated less favorably than targets, replicating prior findings of distractor devaluation. To gain converging evidence, in Experiment 2, we also examined the electrophysiological processes associated with devaluation by measuring individual differences in attention (N2pc) and working memory (CDA) event-related potentials following the attention cue. Larger amplitude of an N2pc-like component was associated with greater devaluation, suggesting that individuals displaying more effective selection of memory targets-an act aided by distractor inhibition-displayed greater levels of distractor devaluation. Individuals showing a larger post-cue CDA amplitude (but not pre-cue CDA amplitude) also showed greater distractor devaluation, supporting prior evidence that visual working-memory resources have a functional role in effecting devaluation. Together, these findings demonstrate that ignoring working-memory representations has affective consequences, and adds to the growing evidence that the contribution of selective-attention mechanisms to a wide range of human thoughts and behaviors leads to devaluation.

Incentive memory: evidence the basolateral amygdala encodes and the insular cortex retrieves outcome values to guide choice between goal-directed actions.

PubMed

Parkes, Shauna L; Balleine, Bernard W

2013-05-15

Choice between goal-directed actions is determined by the relative value of their consequences. Such values are encoded during incentive learning and later retrieved to guide performance. Although the basolateral amygdala (BLA) and the gustatory region of insular cortex (IC) have been implicated in these processes, their relative contribution is still a matter of debate. Here we assessed whether these structures interact during incentive learning and retrieval to guide choice. In these experiments, rats were trained on two actions for distinct outcomes after which one of the two outcomes was devalued by specific satiety immediately before a choice extinction test. We first confirmed that, relative to appropriate controls, outcome devaluation recruited both the BLA and IC based on activation of the immediate early gene Arc; however, we found that infusion of the NMDAr antagonist ifenprodil into the BLA only abolished outcome devaluation when given before devaluation. In contrast, ifenprodil infusion into the IC was effective whether made before devaluation or test. We hypothesized that the BLA encodes and the IC retrieves incentive value for choice and, to test this, developed a novel sequential disconnection procedure. Blocking NMDAr activation unilaterally in the BLA before devaluation and then contralaterally in the IC before test abolished selective devaluation. In contrast, reversing the order of these infusions left devaluation intact. These results confirm that the BLA and IC form a circuit mediating the encoding and retrieval of outcome values, with the BLA encoding and the IC retrieving such values to guide choice.

Large Devaluations and the Real Exchange Rate

ERIC Educational Resources Information Center

Burstein, Ariel; Eichenbaum, Martin; Rebelo, Sergio

2005-01-01

In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the prices of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2002), Brazil (1999), Korea (1997), Mexico (1994), and Thailand…

Do impulsive individuals benefit more from food go/no-go training? Testing the role of inhibition capacity in the no-go devaluation effect.

PubMed

Chen, Zhang; Veling, Harm; Dijksterhuis, Ap; Holland, Rob W

2018-05-01

Not responding to food items in a go/no-go task can lead to devaluation of these food items, which may help people regulate their eating behavior. The Behavior Stimulus Interaction (BSI) theory explains this devaluation effect by assuming that inhibiting impulses triggered by appetitive foods elicits negative affect, which in turn devalues the food items. BSI theory further predicts that the devaluation effect will be stronger when food items are more appetitive and when individuals have low inhibition capacity. To test these hypotheses, we manipulated the appetitiveness of food items and measured individual inhibition capacity with the stop-signal task. Food items were consistently paired with either go or no-go cues, so that participants responded to go items and not to no-go items. Evaluations of these items were measured before and after go/no-go training. Across two preregistered experiments, we consistently found no-go foods were liked less after the training compared to both go foods and foods not used in the training. Unexpectedly, this devaluation effect occurred for both appetitive and less appetitive food items. Exploratory signal detection analyses suggest this latter finding might be explained by increased learning of stimulus-response contingencies for the less appetitive items when they are presented among appetitive items. Furthermore, the strength of devaluation did not consistently correlate with individual inhibition capacity, and Bayesian analyses combining data from both experiments provided moderate support for the null hypothesis. The current project demonstrated the devaluation effect induced by the go/no-go training, but failed to obtain further evidence for BSI theory. Since the devaluation effect was reliably obtained across experiments, the results do reinforce the notion that the go/no-go training is a promising tool to help people regulate their eating behavior. Copyright © 2017 Elsevier Ltd. All rights reserved.

How does not responding to appetitive stimuli cause devaluation: Evaluative conditioning or response inhibition?

PubMed

Chen, Zhang; Veling, Harm; Dijksterhuis, Ap; Holland, Rob W

2016-12-01

In a series of 6 experiments (5 preregistered), we examined how not responding to appetitive stimuli causes devaluation. To examine this question, a go/no-go task was employed in which appetitive stimuli were consistently associated with cues to respond (go stimuli), or with cues to not respond (either no-go cues or the absence of cues; no-go stimuli). Change in evaluations of no-go stimuli was compared to change in evaluations of both go stimuli and of stimuli not presented in the task (untrained stimuli). Experiments 1 to 3 show that not responding to appetitive stimuli in a go/no-go task causes devaluation of these stimuli regardless of the presence of an explicit no-go cue. Experiments 4a and 4b show that the devaluation effect of appetitive stimuli is contingent on the percentage of no-go trials; devaluation appears when no-go trials are rare, but disappears when no-go trials are frequent. Experiment 5 shows that simply observing the go/no-go task does not lead to devaluation. Experiment 6 shows that not responding to neutral stimuli does not cause devaluation. Together, these results suggest that devaluation of appetitive stimuli by not responding to them is the result of response inhibition. By employing both go stimuli and untrained stimuli as baselines, alternative explanations are ruled out, and apparent inconsistencies in the literature are resolved. These experiments provide new theoretical insight into the relation between not responding and evaluation, and can be applied to design motor response training procedures aimed at changing people's behavior toward appetitive stimuli. (PsycINFO Database Record (c) 2016 APA, all rights reserved).

Distractor devaluation requires visual working memory.

PubMed

Goolsby, Brian A; Shapiro, Kimron L; Raymond, Jane E

2009-02-01

Visual stimuli seen previously as distractors in a visual search task are subsequently evaluated more negatively than those seen as targets. An attentional inhibition account for this distractor-devaluation effect posits that associative links between attentional inhibition and to-be-ignored stimuli are established during search, stored, and then later reinstantiated, implying that distractor devaluation may require visual working memory (WM) resources. To assess this, we measured distractor devaluation with and without a concurrent visual WM load. Participants viewed a memory array, performed a simple search task, evaluated one of the search items (or a novel item), and then viewed a memory test array. Although distractor devaluation was observed with low (and no) WM load, it was absent when WM load was increased. This result supports the notions that active association of current attentional states with stimuli requires WM and that memory for these associations plays a role in affective response.

Poverty and experiences of social devaluation: a qualitative interview study of 25 long-standing recipients of social security payments.

PubMed

Underlid, Kjell

2005-07-01

The purpose of this study is to explore experiences of social devaluation among people living in poverty. Twenty-five long-standing recipients of social security payments living in a city in Norway were interviewed. Most felt that people in their environment held low opinions of them regarding issues related to personality and moral integrity. Several factors play a role in the formation of such beliefs or assumptions: (a) impressions of prevailing views of the social category "the poor" and observations concerning devaluation of that category; (b) knowledge others are assumed to possess of the respondents' financial predicament; (c) perception of own social situation; (d) undesired behavior that signals low social status and low esteem; (e) actions by others that signal devaluation. Social devaluation is also experienced at the affective level: the sense of shame and guilt is widespread.

Financial cost of treating out-patients with schizophrenia in Nigeria.

PubMed

Suleiman, T G; Ohaeri, J U; Lawal, R A; Haruna, A Y; Orija, O B

1997-10-01

An assessment of the monetary costs of treating a group of Nigerian out-patients with schizophrenia, in comparison with insulin-dependent diabetics, was made. Fifty out-patients with schizophrenia (mean age 42.9) and 40 with diabetes (mean age 41.9), attending government hospitals in Lagos, were assessed at six-monthly intervals, for direct and indirect costs (US$ = 82 naira; minimum monthly wage = 500 naira). Twenty (40%) of those with schizophrenia and eight (20%) of the diabetics had no income at all. The mean total cost of schizophrenia in six months (2941.4 naira) or US$ 35.9) was significantly less than that of diabetes (11,791 naira or US $143). The cost of antipsychotic drugs accounts for 52.8% of the cost of schizophrenia; insulin injections accounted for 92.8% of the total cost of diabetes. Patients with schizophrenia and their relatives suffered significantly more loss of working days. Cost of illness was not significantly correlated with age and duration of illness. Because of drastic currency devaluation, and lack of disability benefits and nursing homes, the findings contrast with Western reports where cost of drugs constitutes 2-5%, and indirect costs constitute over 50% of the total cost of schizophrenia.

Performance profiles of major energy producers, 1997

DOE Office of Scientific and Technical Information (OSTI.GOV)

NONE

1999-01-01

The energy industry generally and petroleum and natural gas operations in particular are frequently reacting to a variety of unsettling forces. Falling oil prices, economic upswings, currency devaluations, increasingly rigorous environmental quality standards, deregulation of electricity markets, and continued advances in exploration and production technology were among the challenges and opportunities to the industry in 1997. To analyze the extent to which these and other developments have affected energy industry financial and operating performance, strategies, and industry structure, the Energy Information Administration (EIA) maintains the Financial Reporting Systems (FRS). Through Form EIA-28, major US energy companies annually report to themore » FRS. Financial and operating information is reported by major lines of business, including oil and gas production (upstream), petroleum refining and marketing (downstream), other energy operations, and nonenergy business. Performance Profiles of Major Producers 1997 examines the interplays of energy markets, companies` strategies, and government policies (in 1997 and in historical context) that gave rise to the results given here. The report also analyzes other key aspects of energy company financial performance as seen through the multifaceted lens provided by the FRS data and complementary data for industry overall. 41 figs., 77 tabs.« less

The contributions of value-based decision-making and attentional bias to alcohol-seeking following devaluation.

PubMed

Rose, Abigail K; Brown, Kyle; Field, Matt; Hogarth, Lee

2013-07-01

To investigate the mediating role of attentional bias for alcohol cues on alcohol-seeking following devaluation of alcohol. Between subject. Eye-tracking laboratory at the University of Liverpool. Student social drinkers (n = 64). An operant choice task in which participants chose between simultaneously presented alcohol and non-alcohol drink rewards, while attentional bias for alcohol and non-alcohol drink cues was inferred from eye movements. Participants then consumed 30 mL of an alcoholic beverage, which was either presented alone (no devaluation: n = 32) or had been adulterated to taste unpleasant (devaluation: n = 32). Choice and attentional bias for the alcohol and non-alcohol drink pictures were then measured again. Alcohol devaluation reduced behavioural choice for alcohol (F = 32.64, P < 0.001) and attentional bias for the alcohol pictures indexed by dwell time (F = 22.68, P < 0.001), initial fixation (F = 7.08, P = 0.01) and final fixation (F = 22.44, P < 0.001). Mediation analysis revealed that attentional bias partially mediated the effect of devaluation on alcohol choice; however, the proportion of the variance accounted for by attentional bias is low to moderate (~30%). Among student social drinkers, attentional bias is only a partial mediator of alcohol choice following devaluation of alcohol. Value-based decision-making may be a more important determinant of drinking behaviour among student social drinkers than attentional bias. © 2013 The Authors, Addiction © 2013 Society for the Study of Addiction.

Devaluation of Forbidden Toys Among Lower Socioeconomic Children as a Function of Severity and Specificity of Threat.

ERIC Educational Resources Information Center

Dembroski, Theodore M.; And Others

A prediction derived from cognitive dissonance theory is that children devalue an attractive but forbidden toy when mild rather than severe threat deters them from playing with it. One study found the opposite effect for lower socioeconomic class children, i.e., a harsh verbal threat produced more devaluation than a mild threat. Since the latter…

[Devaluation of the African Financial Community franc and the dietary strategies of families in Bamako (Mali)].

PubMed

Ag Bendech, M; Chauliac, M; Gerbouin-Rerolle, P; Kante, N; Malvy, D J

1997-01-01

This survey, conducted in 1996, evaluated changes in the way families feed themselves caused by the effects of devaluation of the CFA franc. It involved semi-directed interviews with 64 subjects from various socio-economic backgrounds (affluent, middle-class, poor). The subjects spoke of the difficulties of daily life, lack of money and rapid, unpredictable rises in the prices of essential goods caused by the devaluation. They did not understand the reasons for the devaluation, which has caused rapid changes in the social conditions and nutrition of urban families and has exacerbated the inequality of access to foodstuffs. Affluent families have adopted strategies that increase the family food budget, compensating for price increases. The meals of poor and middle-class families have been directly affected in both structure and content. Poor families have been particularly badly affected. All the changes in strategy, and substitutions of one product for another described by middle-class families were already being used by the poor families before devaluation.

Extended cocaine-seeking produces a shift from goal-directed to habitual responding in rats.

PubMed

Leong, Kah-Chung; Berini, Carole R; Ghee, Shannon M; Reichel, Carmela M

2016-10-01

Cocaine addiction is often characterized by a rigid pattern of behavior in which cocaine users continue seeking and taking drug despite negative consequences associated with its use. As such, full acquisition and relapse of drug-seeking behavior may be attributed to a shift away from goal-directed responding and a shift towards the maladaptive formation of rigid and habit-like responses. This rigid nature of habitual responding can be developed with extended training and is typically characterized by insensitivity to changes in outcome value. The present study determined whether cocaine (primary reinforcer) and cocaine associated cues (secondary reinforcer) could be devalued in rats with different histories of cocaine self-administration. Specifically, rats were trained on two schedules of cocaine self-administration (long-access vs. short-access). Following training the cocaine reinforcer was devalued through three separate pairings of lithium chloride with cocaine infusions. Cocaine history did not have an impact on devaluation of cocaine-associated cues. However, the reinforcing properties of cocaine were devalued only in rats on a short-access cocaine schedule but not those trained on a long-access schedule. Taken together this pattern of findings suggests that, in short access rats, devaluation is specific to the primary reinforcer and not associative stimuli such as cues. Importantly, rats that received extended training during self-administration displayed insensitivity to outcome devaluation of the primary reinforcer as well as all associative stimuli, thus displaying rigid behavioral responding similar to behavioral patterns found in addiction. Alternatively, long access cocaine exposure may have altered the devaluation threshold. Copyright © 2016 Elsevier Inc. All rights reserved.

PubMed Central

Delpeuch, F.; Martin-Prével, Y.; Fouéré, T.; Traissac, P.; Mbemba, F.; Ly, C.; Sy, A.; Trèche, S.; Maire, B.

1996-01-01

Developing countries frequently see their currency depreciated to varying degrees. The consequences of such monetary disturbances on the nutrition of young children are not well known, though children are the most vulnerable in nutritional terms. One year after the 50% devaluation of the CFA Franc (communauté financière africaine, "African Financial Community"), which took place on 12 January 1994 simultaneously in fourteen countries, nine of which are on the UNDP list of least developed countries, we wanted to find out the long-term effects of the devaluation, and the strategies that families had adopted to cope with it. In Brazzaville, Congo, in December 1994, an epidemiological survey was conducted on a representative sample of 893 children between the ages of 4 and 12 months in two districts, and indicators of child nutrition were established. A comparable survey had been conducted in December 1993, before the devaluation. In Senegal, in the absence of a previous survey which could be used in comparison, a qualitative survey using RAP methodology, was conducted in January 1995 in two towns near the capital. In three districts in each of these towns, a cluster of ten plots was chosen at random and surveyed, with a combination of semi-structured individual interviews with mothers (n = 60) and group interviews with all the women together (n = 6). The information was put together with interviews of 25 local traders selling food. In the Congo, comparison of the two surveys shows that the practice of breast-feeding had hardly changed, nor had the age at which baby food was introduced (90% of children of 4-5 months take semi-solid and solid foods); on the other hand, more children are being given the ordinary family meal earlier, at 6-9 months. The proportion of baby foods based on commercially imported flour has fallen (from 32% in 1993 to 18% in 1994), and has been replaced with local products based on maize; this change is more marked among poorer families. The low nutritional value of such preparations is in part compensated by the addition of sugar, though less milk is added (28% in 1994 as opposed to 43% in 1993). In Senegal, mothers do not seem to have changed their breast-feeding practices either, the age at which baby foods are introduced, or the number of times they are provided daily. The most important change is the drop in quality of food given to children, and the poorer family food for the older children. The partial switch from imported products to local produce was an expected consequence of devaluation; it is clearly confirmed here for nutrition of young children, with the consequent loss of nutritional quality (a reduction in energy density and in nutrients). The first thing needed is, therefore, an improvement in local manufacture of food supplements of good nutritional quality, for young children. Mothers also complain of the increased difficulty in managing a family diet so as to take account of economic needs, cultural values and nutrition. They therefore criticize a number of nutritional education messages that are clearly no longer appropriate to the new economic context. Finally the fact that young children are getting poorer quality nutrition is worrying for the future: if it lasts, the nutritional status of children will deteriorate; whenever possible, monitoring must be established so that measures can be taken when necessary to forestall any dramatic deterioration that would endanger the health of the children. PMID:8653818

The Ideal Human Service for a Societally Devalued Group

ERIC Educational Resources Information Center

Wolfensberger, Wolf

1978-01-01

The author uses satire to point out prevailing problems in service settings for the handicapped, such as isolated locations, poor transportation, stigmatizing program names, devalued staff, and degrading names for participants. (CL)

Individual variability in behavioral flexibility predicts sign-tracking tendency

PubMed Central

Nasser, Helen M.; Chen, Yu-Wei; Fiscella, Kimberly; Calu, Donna J.

2015-01-01

Sign-tracking rats show heightened sensitivity to food- and drug-associated cues, which serve as strong incentives for driving reward seeking. We hypothesized that this enhanced incentive drive is accompanied by an inflexibility when incentive value changes. To examine this we tested rats in Pavlovian outcome devaluation or second-order conditioning prior to the assessment of sign-tracking tendency. To assess behavioral flexibility we trained rats to associate a light with a food outcome. After the food was devalued by pairing with illness, we measured conditioned responding (CR) to the light during an outcome devaluation probe test. The level of CR during outcome devaluation probe test correlated with the rats' subsequent tracking tendency, with sign-tracking rats failing to suppress CR to the light after outcome devaluation. To assess Pavlovian incentive learning, we trained rats on first-order (CS+, CS−) and second-order (SOCS+, SOCS−) discriminations. After second-order conditioning, we measured CR to the second-order cues during a probe test. Second-order conditioning was observed across all rats regardless of tracking tendency. The behavioral inflexibility of sign-trackers has potential relevance for understanding individual variation in vulnerability to drug addiction. PMID:26578917

Ecuador project closes shop.

PubMed

1985-01-01

The US Agency for International Development (AID) has discontinued its contraceptive social marketing project in Ecuador after 2 1/2 years without a sale. USAID had awarded a 3-year US$1.2 million grant to the program's contractor, the John Snow Public Health Group Inc. The project was run by Ecuador's national family planning association. This is only the 3rd time USAID has terminated a social marketing program since entering this field in 1973. Impediments to the program's operation included product price hikes and supply shortages as a result of teh inflation and currency devaluation in Ecuador in recent years. Government opposition to the sales of donated contraceptive supplies further set back the program. The name chosen for the condom distributed by the program, Liber, had to be changed since a company importing sanitary napkins was using the name Liberty and objected. The program's peculiar organizational structur is also considered to have played a role in the program's failure. Rather than having a single authority responsible for the program, a 2-headed organizational design was used. Program funds were controlled by the contractor, but the family planning organization managed day to day operations. Unified management has enabled programs in other countries to survive problems such as inflation, brand registration, and product and price approvals.

The Icelandic economic collapse, smoking, and the role of labor-market changes.

PubMed

Ólafsdóttir, Thorhildur; Hrafnkelsson, Birgir; Ásgeirsdóttir, Tinna Laufey

2015-05-01

Smoking is related to health deterioration through increased risk of various diseases. Changes in this health behavior could contribute to the documented health improvements during economic downturns. Furthermore, the reasons for changes in behavior are not well understood. We explore smoking behavior in Iceland before and after the sudden and unexpected economic crisis in 2008. Furthermore, to explore the mechanisms through which smoking could be affected we focus on the role of labor-market changes. Both real income and working hours fell significantly and economic theory suggests that such changes can affect health behaviors which in turn affect health. We use individual longitudinal data from 2007 to 2009, incidentally before and after the crisis hit. The data originates from a postal survey, collected by The Public Health Institute in Iceland. Two outcomes are explored: smoking participation and smoking intensity, using pooled ordinary least squares (OLS) and linear probability models. The detected reduction in both outcomes is not explained by the changes in labor-market variables. Other factors in the demand function for tobacco play a more important role. The most notable are real prices which increased in particular for imported goods because of the devaluation of the Icelandic currency as a result of the economic collapse.

Sign Tracking, but Not Goal Tracking, is Resistant to Outcome Devaluation

PubMed Central

Morrison, Sara E.; Bamkole, Michael A.; Nicola, Saleem M.

2015-01-01

During Pavlovian conditioning, a conditioned stimulus (CS) may act as a predictor of a reward to be delivered in another location. Individuals vary widely in their propensity to engage with the CS (sign tracking) or with the site of eventual reward (goal tracking). It is often assumed that sign tracking involves the association of the CS with the motivational value of the reward, resulting in the CS acquiring incentive value independent of the outcome. However, experimental evidence for this assumption is lacking. In order to test the hypothesis that sign tracking behavior does not rely on a neural representation of the outcome, we employed a reward devaluation procedure. We trained rats on a classic Pavlovian paradigm in which a lever CS was paired with a sucrose reward, then devalued the reward by pairing sucrose with illness in the absence of the CS. We found that sign tracking behavior was enhanced, rather than diminished, following reward devaluation; thus, sign tracking is clearly independent of a representation of the outcome. In contrast, goal tracking behavior was decreased by reward devaluation. Furthermore, when we divided rats into those with high propensity to engage with the lever (sign trackers) and low propensity to engage with the lever (goal trackers), we found that nearly all of the effects of devaluation could be attributed to the goal trackers. These results show that sign tracking and goal tracking behavior may be the output of different associative structures in the brain, providing insight into the mechanisms by which reward-associated stimuli—such as drug cues—come to exert control over behavior in some individuals. PMID:26733783

Amygdala central nucleus interacts with dorsolateral striatum to regulate the acquisition of habits

PubMed Central

Lingawi, Nura W.; Balleine, Bernard W.

2012-01-01

The role of the amygdala central nucleus (CeN) in habit learning was assessed in two experiments. First we examined the effects of bilateral lesions of the anterior CeN on an overtraining-induced lever press habit evaluated using an outcome devaluation protocol. Overtraining generated habitual performance and rendered sham lesioned rats insensitive to outcome devaluation, an effect that was also found in rats given control lesions of the posterior CeN. In contrast, rats with lesions of the anterior CeN did not show normal habit acquisition and their performance remained goal-directed and sensitive to outcome devaluation. Nevertheless, lesions of either the posterior or the anterior CeN abolished the general excitatory influence of a Pavlovian CS on instrumental performance. Next we assessed the functional interaction between the CeN and dorsolateral striatum (DLS), a region previously implicated in the acquisition of habits, using asymmetrical lesions to disconnect these structures. Rats were given a unilateral lesion of anterior CeN and a unilateral lesion of the DLS, made either ipsilateral (control) or contralateral (disconnection) to the CeN lesion, and given overtraining followed by outcome devaluation. Although the ipsilateral lesioned rats were insensitive to devaluation, the contralateral CeN-DLS lesion impaired habit acquisition rendering performance sensitive to the devaluation treatment. These results are the first to implicate the CeN and its connection with a circuit involving DLS in habit learning. They imply that, in instrumental conditioning, regions of amygdala parse the instrumental outcome into the reward and reinforcement signals mediating goal-directed and habitual actions, respectively. PMID:22262905

Nucleus Accumbens Core and Shell Differentially Encode Reward-Associated Cues after Reinforcer Devaluation

PubMed Central

West, Elizabeth A.

2016-01-01

Nucleus accumbens (NAc) neurons encode features of stimulus learning and action selection associated with rewards. The NAc is necessary for using information about expected outcome values to guide behavior after reinforcer devaluation. Evidence suggests that core and shell subregions may play dissociable roles in guiding motivated behavior. Here, we recorded neural activity in the NAc core and shell during training and performance of a reinforcer devaluation task. Long–Evans male rats were trained that presses on a lever under an illuminated cue light delivered a flavored sucrose reward. On subsequent test days, each rat was given free access to one of two distinctly flavored foods to consume to satiation and were then immediately tested on the lever pressing task under extinction conditions. Rats decreased pressing on the test day when the reinforcer earned during training was the sated flavor (devalued) compared with the test day when the reinforcer was not the sated flavor (nondevalued), demonstrating evidence of outcome-selective devaluation. Cue-selective encoding during training by NAc core (but not shell) neurons reliably predicted subsequent behavioral performance; that is, the greater the percentage of neurons that responded to the cue, the better the rats suppressed responding after devaluation. In contrast, NAc shell (but not core) neurons significantly decreased cue-selective encoding in the devalued condition compared with the nondevalued condition. These data reveal that NAc core and shell neurons encode information differentially about outcome-specific cues after reinforcer devaluation that are related to behavioral performance and outcome value, respectively. SIGNIFICANCE STATEMENT Many neuropsychiatric disorders are marked by impairments in behavioral flexibility. Although the nucleus accumbens (NAc) is required for behavioral flexibility, it is not known how NAc neurons encode this information. Here, we recorded NAc neurons during a training session in which rats learned that a cue predicted a specific reward and during a test session when that reward value was changed. Although encoding in the core during training predicted the ability of rats to change behavior after the reward value was altered, the NAc shell encoded information about the change in reward value during the test session. These findings suggest differential roles of the core and shell in behavioral flexibility. PMID:26818502

Under Attack

PubMed Central

Robbins, Bill

2000-01-01

Devaluation presents one of the therapist's most difficult challenges: conducting therapy and managing resistance with patients who force the therapist into very aggressive and uncomfortable experiences. When these situations arise, the therapist has a twofold task. He or she must tolerate the transference so as not to engage in a countertransferential enactment. Additionally, from this vulnerable vantage point, he or she must help the patient understand both the meaning of and the consequences of devaluations of the therapist. Two cases are presented that recognize devaluation as an example of projective identification and illustrate the challenge in working with this dynamic. PMID:10896738

Complaints as starting point for vicious cycles in customer-employee-interactions.

PubMed

Traut-Mattausch, Eva; Wagner, Sara; Pollatos, Olga; Jonas, Eva

2015-01-01

A ring-model of vicious cycles in customer-employee-interaction is proposed: service employees perceive complaints as a threat to their self-esteem resulting in defense responses such as an increased need for cognitive closure, a devaluation of the customer and their information and degrading service behavior. Confronted with such degrading service behavior, customers react defensively as well, by devaluing the employee for example with regard to his/her competence and by reducing repurchase and positive word-of-mouth (WOM). Three studies investigated each link in this ring-model. In study 1, participants were confronted with an aggressive or neutral customer complaint. Results show that motivated closed-mindedness (one aspect of the need for cognitive closure) increases after an aggressive complaint leading to a devaluation of the customer and their information, and in turn to a degrading service reaction. In study 2, participants were confronted with a degrading or favorable service reaction. Results show that they devaluate the employees' competence after receiving a degrading service reaction and thus reduce their intention to repurchase. In study 3, we finally examined our predictions investigating real customer-employee-interactions: we analyzed data from an evaluation study in which mystery callers tested the service hotline of an airline. Results show that the employees' competence is devaluated after degrading behavior and thus reduces positive WOM.

Inflation Rates, Car Devaluation, and Chemical Kinetics.

ERIC Educational Resources Information Center

Pogliani, Lionello; Berberan-Santos, Mario N.

1996-01-01

Describes the inflation rate problem and offers an interesting analogy with chemical kinetics. Presents and solves the car devaluation problem as a normal chemical kinetic problem where the order of the rate law and the value of the rate constant are derived. (JRH)

Gender Matters for Literacy Research Organizations

ERIC Educational Resources Information Center

Wickens, Corrine M.

2018-01-01

Drawing from sociological and economic analyses of gender and work, this column explores issues of occupational gender segregation, privilege, and devaluation. Comparisons are made with increased female achievement at all levels in postsecondary education. The questions are then raised: If cultural devaluation of women and activities remains…

Toward a Theory of Disability and Gender.

ERIC Educational Resources Information Center

Gerschick, Thomas J.

2000-01-01

Presents a theory of the connections between disabilities and gender, arguing that because bodies are so central to gender, people with disabilities are vulnerable to being denied gender recognition. Though both sexes experience devaluation and discrimination when disabled, being disabled further diminishes women's already devalued status. For…

Cognition-emotion interactions are modulated by working memory capacity in individuals with schizophrenia.

PubMed

Strauss, Gregory P; Lee, Bern G; Waltz, James A; Robinson, Benjamin M; Brown, Jaime K; Gold, James M

2012-11-01

Prior research provides evidence for aberrant cognition-emotion interactions in schizophrenia. In the current study, we aimed to extend these findings by administering the "distractor devaluation" task to 40 individuals with schizophrenia and 32 demographically matched healthy controls. The task consisted of a simple visual search task for neutral faces, followed by an evaluative response made for one of the search items (or a novel item) to determine whether prior attentional selection results in a devaluation of a previously unattended stimulus. We also manipulated working memory demands by preceding the search array with a memory array that required subjects to hold 0, 1, or 2 items in working memory while performing the search array and devaluation task, to determine whether the normative process by which attentional states influence evaluative response is limited by working memory capacity. Results indicated that individuals with schizophrenia demonstrated the typical distractor devaluation effect at working memory load 0, suggesting intact evaluative response. However, the devaluation effect was absent at working memory loads of 1 and 2, suggesting that normal evaluative responses can be abolished in people with schizophrenia when working memory capacity is exceeded. Thus, findings provide further evidence for normal evaluative response in schizophrenia, but clarify that these normal experiences may not hold when working memory demands are too high. Copyright © 2012 Elsevier B.V. All rights reserved.

Differential effects of serotonin-specific and excitotoxic lesions of OFC on conditioned reinforcer devaluation and extinction in rats

PubMed Central

West, Elizabeth A.; Forcelli, Patrick A.; McCue, David L.; Malkova, Ludise

2013-01-01

The orbitofrontal cortex (OFC) is critical for behavioral adaptation in response to changes in reward value. Here we investigated, in rats, the role of OFC and, specifically, serotonergic neurotransmission within OFC in a reinforcer devaluation task (which measures behavioral flexibility). This task used two visual cues, each predicting one of two foods, with the spatial position (left-right) of the cues above two levers pseudorandomized across trials. An instrumental action (lever press) was required for reinforcer delivery. After training, rats received either excitotoxic OFC lesions made by NMDA (N-methyl-D-aspartic acid), serotonin-specific OFC lesions made by 5,7-DHT (5,7-dihydroxytryptamine), or sham lesions. In sham-lesioned rats, devaluation of one food (by feeding to satiety) significantly decreased responding to the cue associated with that food, when both cues were presented simultaneously during extinction. Both types of OFC lesions disrupted the devaluation effect. In contrast, extinction learning was not affected by serotonin-specific lesions and was only mildly retarded in rats with excitotoxic lesions. Thus, serotonin within OFC is necessary for appropriately adjusting behavior towards cues that predict reward but not for reducing responses in the absence of reward. Our results are the first to demonstrate that serotonin in OFC is necessary for reinforcer devaluation, but not extinction. PMID:23458741

Complaints as starting point for vicious cycles in customer–employee-interactions

PubMed Central

Traut-Mattausch, Eva; Wagner, Sara; Pollatos, Olga; Jonas, Eva

2015-01-01

A ring-model of vicious cycles in customer–employee-interaction is proposed: service employees perceive complaints as a threat to their self-esteem resulting in defense responses such as an increased need for cognitive closure, a devaluation of the customer and their information and degrading service behavior. Confronted with such degrading service behavior, customers react defensively as well, by devaluing the employee for example with regard to his/her competence and by reducing repurchase and positive word-of-mouth (WOM). Three studies investigated each link in this ring-model. In study 1, participants were confronted with an aggressive or neutral customer complaint. Results show that motivated closed-mindedness (one aspect of the need for cognitive closure) increases after an aggressive complaint leading to a devaluation of the customer and their information, and in turn to a degrading service reaction. In study 2, participants were confronted with a degrading or favorable service reaction. Results show that they devaluate the employees’ competence after receiving a degrading service reaction and thus reduce their intention to repurchase. In study 3, we finally examined our predictions investigating real customer–employee-interactions: we analyzed data from an evaluation study in which mystery callers tested the service hotline of an airline. Results show that the employees’ competence is devaluated after degrading behavior and thus reduces positive WOM. PMID:26528194

Self-efficacy, male rape myth acceptance, and devaluation of emotions in sexual trauma sequelae: Findings from a sample of male veterans.

PubMed

Voller, Emily; Polusny, Melissa A; Noorbaloochi, Siamak; Street, Amy; Grill, Joseph; Murdoch, Maureen

2015-11-01

Sexual trauma is an understudied but regrettably significant problem among male Veterans. As in women, sexual trauma often results in serious mental health consequences for men. Therefore, to guide potential future interventions in this important group, we investigated associations among self-efficacy, male rape myth acceptance, devaluation of emotions, and psychiatric symptom severity after male sexual victimization. We collected data from 1,872 Gulf War era Veterans who applied for posttraumatic stress disorder (PTSD) disability benefits using standard mailed survey methods. The survey asked about history of childhood sexual abuse, sexual assault during the time of Gulf War I, and past-year sexual assault as well as Veterans' perceived self-efficacy, male rape myth acceptance, devaluation of emotions, PTSD, and depression symptoms. Structural equation modeling revealed that self-efficacy partially mediated the association between participants' sexual trauma history and psychiatric symptoms. Greater male rape myth acceptance and greater devaluation of emotions were directly associated with lower self-efficacy, but these beliefs did not moderate associations between sexual trauma and self-efficacy. In this population, sexual trauma, male rape myth acceptance, and devaluation of emotions were associated with lowered self-efficacy, which in turn was associated with more severe psychiatric symptoms. Implications for specific, trauma-focused treatment are discussed. (c) 2015 APA, all rights reserved).

Differential effects of serotonin-specific and excitotoxic lesions of OFC on conditioned reinforcer devaluation and extinction in rats.

PubMed

West, Elizabeth A; Forcelli, Patrick A; McCue, David L; Malkova, Ludise

2013-06-01

The orbitofrontal cortex (OFC) is critical for behavioral adaptation in response to changes in reward value. Here we investigated, in rats, the role of OFC and, specifically, serotonergic neurotransmission within OFC in a reinforcer devaluation task (which measures behavioral flexibility). This task used two visual cues, each predicting one of two foods, with the spatial position (left-right) of the cues above two levers pseudorandomized across trials. An instrumental action (lever press) was required for reinforcer delivery. After training, rats received either excitotoxic OFC lesions made by NMDA (N-methyl-d-aspartic acid), serotonin-specific OFC lesions made by 5,7-DHT (5,7-dihydroxytryptamine), or sham lesions. In sham-lesioned rats, devaluation of one food (by feeding to satiety) significantly decreased responding to the cue associated with that food, when both cues were presented simultaneously during extinction. Both types of OFC lesions disrupted the devaluation effect. In contrast, extinction learning was not affected by serotonin-specific lesions and was only mildly retarded in rats with excitotoxic lesions. Thus, serotonin within OFC is necessary for appropriately adjusting behavior toward cues that predict reward but not for reducing responses in the absence of reward. Our results are the first to demonstrate that serotonin in OFC is necessary for reinforcer devaluation, but not extinction. Copyright © 2013 Elsevier B.V. All rights reserved.

31 CFR 100.5 - Mutilated paper currency.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance: Treasury 1 2011-07-01 2011-07-01 false Mutilated paper currency. 100.5..., DEPARTMENT OF THE TREASURY EXCHANGE OF PAPER CURRENCY AND COIN Exchange of Mutilated Paper Currency § 100.5 Mutilated paper currency. (a) Lawfully held paper currency of the United States which has been mutilated...

JPRS Report, Near East & South Asia, India

DTIC Science & Technology

1991-08-06

country will suffer from economic recession and Clutches of Debt"] future developmental plans will be effected if welfare programs are cut instead of... Effects of Rupee Devaluation Pondered [INDIAN EXPRESS 6 Jun] ....................................................... 12 Papers Report ’Routine’ Rupee...Devaluations .............................................................................................. 13 Expected Effects [THE TIMES OF INDIA 2

Lone Geniuses in Popular Science: The Devaluation of Scientific Consensus

ERIC Educational Resources Information Center

Charney, Davida

2003-01-01

Popular accounts of scientific discoveries diverge from scholarly accounts, stripping off hedges and promoting short-term social consequences. This case study illustrates how the "horse-race" framing of popular accounts devalues the collective sharing, challenging, and extending of scientific work. In her best-selling "Longitude," Dava Sobel…

The Devaluation of Women's Competence.

ERIC Educational Resources Information Center

Lott, Bernice

1985-01-01

Research on the evaluation of eminent academic women supports the hypothesis that typical responses (of men, primarily) to competent women include prejudice, stereotyped beliefs, and overt or subtle discrimination. A competent woman is most likely to be devalued when potential consequences exist for the evaluator and when the woman is unfamiliar.…

31 CFR 100.6 - Destroyed paper currency.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance: Treasury 1 2011-07-01 2011-07-01 false Destroyed paper currency. 100.6..., DEPARTMENT OF THE TREASURY EXCHANGE OF PAPER CURRENCY AND COIN Exchange of Mutilated Paper Currency § 100.6 Destroyed paper currency. No relief will be granted on account of lawfully held paper currency of the United...

Coexistence of several currencies in presence of increasing returns to adoption

NASA Astrophysics Data System (ADS)

Lamarche-Perrin, Alex; Orléan, André; Jensen, Pablo

2018-04-01

We present a simplistic model of the competition between different currencies. Each individual is free to choose the currency that minimizes his transaction costs, which arise whenever his exchanging relations have chosen a different currency. We show that competition between currencies does not necessarily converge to the emergence of a single currency. For large systems, we prove that two distinct communities using different currencies in the initial state will remain forever in this fractionalized state.

Crises in national leadership?

PubMed

Mahathir, M

1998-01-01

In Asia, an economic crisis has occurred simultaneously with an immense increase in the prevalence of HIV/AIDS fueled by inadequate responses to the epidemic. This response has been further weakened by sudden budget cuts and changes in government priorities, and the situation has been exacerbated by its suddenness and by the fact that large numbers of people are at risk and are unemployed. Also, Asian countries are now seeking entry into the pool of countries where donors support HIV/AIDS prevention and treatment programs just as donors are reducing their aid budgets. Prevention programs are being severely compromised even before they became effective, and efforts to secure treatment are hindered by high prices, by devalued national currencies, and by an increasing trend towards the privatization of health care. In the long run, efforts to restore economic stability will be hindered by the socioeconomic impact of the HIV/AIDS pandemic. In order to improve future prospects, the leadership of all national AIDS programs must reexamine the cost effectiveness of their priorities. Such a move would target marginalized groups, reduce use of expensive mass media campaigns, increase international cooperation over issues dealing with migrant workers, create programs recognizing the crucial role of women, increase the involvement of infected people in prevention programs, recognize the long-term socioeconomic benefits of providing adequate and equitable care and treatment, and recognize the benefits of prioritizing HIV/AIDS funding.

The impact of the 1997-98 East Asian economic crisis on health and health care in Indonesia.

PubMed

Waters, Hugh; Saadah, Fadia; Pradhan, Menno

2003-06-01

This article identifies the effects of the 1997-98 East Asian economic crisis on health care use and health status in Indonesia. The article places the findings in the context of a framework showing the complex cause and effect relationships underlying the effects of economic downturns on health and health care. The results are based on primary analysis of Indonesian household survey data and review of a wide range of sources from the Indonesian government and international organizations. Comparisons are drawn with the effects of the crisis in Thailand. The devaluation of the Indonesian currency, the Rupiah, led to inflation and reduced real public expenditures on health. Households' expenditures on health also decreased, both in absolute terms and as a percentage of overall spending. Self-reported morbidity increased sharply from 1997 to 1998 in both rural and urban areas of Indonesia. The crisis led to a substantial reduction in health service utilization during the same time period, as the proportion of household survey respondents reporting an illness or injury that sought care from a modern health care provider declined by 25%. In contrast to Indonesia, health care utilization in Thailand actually increased during the crisis, corresponding to expansion in health insurance coverage. The results suggest that social protection programmes play a critical role in protecting populations against the adverse effects of economic downturns on health and health care.

Devaluation and sequential decisions: linking goal-directed and model-based behavior

PubMed Central

Friedel, Eva; Koch, Stefan P.; Wendt, Jean; Heinz, Andreas; Deserno, Lorenz; Schlagenhauf, Florian

2014-01-01

In experimental psychology different experiments have been developed to assess goal–directed as compared to habitual control over instrumental decisions. Similar to animal studies selective devaluation procedures have been used. More recently sequential decision-making tasks have been designed to assess the degree of goal-directed vs. habitual choice behavior in terms of an influential computational theory of model-based compared to model-free behavioral control. As recently suggested, different measurements are thought to reflect the same construct. Yet, there has been no attempt to directly assess the construct validity of these different measurements. In the present study, we used a devaluation paradigm and a sequential decision-making task to address this question of construct validity in a sample of 18 healthy male human participants. Correlational analysis revealed a positive association between model-based choices during sequential decisions and goal-directed behavior after devaluation suggesting a single framework underlying both operationalizations and speaking in favor of construct validity of both measurement approaches. Up to now, this has been merely assumed but never been directly tested in humans. PMID:25136310

Reward devaluation disrupts latent inhibition in fear conditioning.

PubMed

De la Casa, Luís Gonzalo; Mena, Auxiliadora; Ruiz-Salas, Juán Carlos; Quintero, Esperanza; Papini, Mauricio R

2018-03-01

Three experiments explored the link between reward shifts and latent inhibition (LI). Using consummatory procedures, rewards were either downshifted from 32% to 4% sucrose (Experiments 1-2), or upshifted from 4% to 32% sucrose (Experiment 3). In both cases, appropriate unshifted controls were also included. LI was implemented in terms of fear conditioning involving a single tone-shock pairing after extensive tone-only preexposure. Nonpreexposed controls were also included. Experiment 1 demonstrated a typical LI effect (i.e., disruption of fear conditioning after preexposure to the tone) in animals previously exposed only to 4% sucrose. However, the LI effect was eliminated by preexposure to a 32%-to-4% sucrose devaluation. Experiment 2 replicated this effect when the LI protocol was administered immediately after the reward devaluation event. However, LI was restored when preexposure was administered after a 60-min retention interval. Finally, Experiment 3 showed that a reward upshift did not affect LI. These results point to a significant role of negative emotion related to reward devaluation in the enhancement of stimulus processing despite extensive nonreinforced preexposure experience.

Correlation networks among currencies

NASA Astrophysics Data System (ADS)

Mizuno, Takayuki; Takayasu, Hideki; Takayasu, Misako

2006-05-01

By analyzing the foreign exchange market data of various currencies, we derive a hierarchical taxonomy of currencies constructing minimal-spanning trees. Clustered structure of the currencies and the key currency in each cluster are found. The clusters match nicely with the geographical regions of corresponding countries in the world such as Asia or East Europe, the key currencies are generally given by major economic countries as expected.

Lesion to the nigrostriatal dopamine system disrupts stimulus-response habit formation.

PubMed

Faure, Alexis; Haberland, Ulrike; Condé, Françoise; El Massioui, Nicole

2005-03-16

Acquisition and performance of instrumental actions are assumed to require both action-outcome and stimulus-response (S-R) habit processes. Over the course of extended training, control over instrumental performance shifts from goal-directed action-outcome associations to S-R associations that progressively gain domination over behavior. Lesions of the lateral part of the dorsal striatum disrupt this process, and rats with lesions to the lateral striatum showed selective sensitivity to devaluation of the instrumental outcome (Yin et al., 2004), indicating that this area is necessary for habit formation. The present experiment further explored the basis of this dysfunction by examining the ability of rats subjected to bilateral 6-hydroxydopamine lesions of the nigrostriatal dopaminergic pathway to develop behavioral autonomy with overtraining. Rats were given extended training on two cued instrumental tasks associating a stimulus (a tone or a light) with an instrumental action (lever press or chain pull) and a food reward (pellets or sucrose). Both tasks were run daily in separate sessions. Overtraining was followed by a test of goal sensitivity by satiety-specific devaluation of the reward. In control animals, one action (lever press) was insensitive to reward devaluation, indicating that it became a habit, whereas the second action (chain pull) was still sensitive to goal devaluation. This result provides evidence that the development of habit learning may depend on the characteristics of the response. In dopamine-depleted rats, lever press and chain pull remained sensitive to reward devaluation, evidencing a role of striatal dopamine transmission in habit formation.

Core Self-Evaluations and Individual Strategies of Coping with Unemployment among Displaced Spanish Workers.

PubMed

Virkes, Tihana; Maslić Seršić, Darja; Lopez-Zafra, Esther

2017-10-30

Unemployment has negative but also positive effects on mental health and general well-being depending on which coping strategies the individual use. Our aim was to determine the contribution of core self-evaluations in explaining the coping strategies of job search and job devaluation, as well as to test the potential moderation effect of job search and mediation effect of job devaluation on the relationship between self core-evaluations and both positive and negative experience of unemployment. One hundred seventy-eight individuals who lost their jobs involuntarily for a longer period than one month completed a questionnaire while attending to employment office. Results show that there is a significant relation between core-self evaluations and job devaluation (.37**). Furthermore, core-self evaluations were positively related to positive experience of unemployment (r = .31; p < .01) and negatively related to negative experience of unemployment (r = .60; p < .01). Moreover, self-core evaluations predicted both coping with unemployment strategies (job devaluation; β = .26; p < .01 and job search β = .19; p < .05). However, job search did not moderate the relationship between core self-evaluations and experience of unemployment. But, individuals with a longer duration of the current period of unemployment and higher core self-evaluations had a more positive experience of unemployment, and job devaluation partially mediated this relation (SE = .002; p = .038). These results imply that programs interventions should include the improvement of core self-evaluations and the positive experience of unemployed people.

The response strategy and the place strategy in a plus-maze have different sensitivities to devaluation of expected outcome.

PubMed

Kosaki, Yutaka; Pearce, John M; McGregor, Anthony

2018-04-10

Previous studies have suggested that spatial navigation can be achieved with at least two distinct learning processes, involving either cognitive map-like representations of the local environment, referred to as the "place strategy", or simple stimulus-response (S-R) associations, the "response strategy". A similar distinction between cognitive/behavioral processes has been made in the context of non-spatial, instrumental conditioning, with the definition of two processes concerning the sensitivity of a given behavior to the expected value of its outcome as well as to the response-outcome contingency ("goal-directed action" and "S-R habit"). Here we investigated whether these two versions of dichotomist definitions of learned behavior, one spatial and the other non-spatial, correspond to each other in a formal way. Specifically, we assessed the goal-directed nature of two navigational strategies, using a combination of an outcome devaluation procedure and a spatial probe trial frequently used to dissociate the two navigational strategies. In Experiment 1, rats trained in a dual-solution T-maze task were subjected to an extinction probe trial from the opposite start arm, with or without prefeeding-induced devaluation of the expected outcome. We found that a non-significant preference for the place strategy in the non-devalued condition was completely reversed after devaluation, such that significantly more animals displayed the use of the response strategy. The result suggests that the place strategy is sensitive to the expected value of the outcome, while the response strategy is not. In Experiment 2, rats with hippocampal lesions showed significant reliance on the response strategy, regardless of whether the expected outcome was devalued or not. The result thus offers further evidence that the response strategy conforms to the definition of an outcome-insensitive, habitual form of instrumental behavior. These results together attest a formal correspondence between two types of dual-process accounts of animal learning and behavior. © 2018 The Authors Hippocampus Published by Wiley Periodicals, Inc.

Extinction of the Discriminative Stimulus Effects of Nicotine with a Devalued Reinforcer: Recovery Following Revaluation

ERIC Educational Resources Information Center

Troisi, Joseph R., II; Bryant, Erin; Kane, Jennifer

2012-01-01

Extinction and recovery of the discriminative stimulus effects of nicotine (0.3 mg/kg) was investigated with a devalued food reinforcer (rats sated). Sixteen rats were trained in a counterbalanced one manipulandum (nose-poke) drug discrimination procedure with the roles of nicotine and saline counterbalanced as S[superscript D] and S[superscript…

Deficits in Sensory-Specific Devaluation Task Performance Following Genetic Deletions of Cannabinoid (CB1) Receptor

ERIC Educational Resources Information Center

Crombag, Hans S.; Johnson, Alexander W.; Zimmer, Anne M.; Zimmer, Andreas; Holland, Peter C.

2010-01-01

Cannabinoid CB1 receptor is abundantly expressed throughout the CNS and is implicated in numerous physiological and behavioral functions, including appetite and feeding. In the present study, wild-type and CB1 heterozygous and homozygous knockout mice were tested on an instrumental outcome-selective devaluation task to assess changes in acquired…

L'evaluation des politiques institutionnelles d'evaluation des apprentissages. Rapport synthese (The Evaluation of Institutional Policies of Evaluation of Learning. Synthesis Report). 2410-0520.

ERIC Educational Resources Information Center

Lindfelt, Bengt, Ed.

In accordance with provincial educational regulations, Quebec's community colleges have adopted "politiques institutionnelles d'evaluation des apprentissages" (PIEA), or institutional policies of the evaluation of learning. This report provides a synthesis of evaluations of the PIEA conducted by the province's Commission on the…

31 CFR 100.5 - Mutilated paper currency.

Code of Federal Regulations, 2010 CFR

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Mutilated paper currency. 100.5 Section 100.5 Money and Finance: Treasury Regulations Relating to Money and Finance EXCHANGE OF PAPER CURRENCY AND COIN Exchange of Mutilated Paper Currency § 100.5 Mutilated paper currency. (a) Lawfully held...

31 CFR 100.6 - Destroyed paper currency.

Code of Federal Regulations, 2010 CFR

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Destroyed paper currency. 100.6 Section 100.6 Money and Finance: Treasury Regulations Relating to Money and Finance EXCHANGE OF PAPER CURRENCY AND COIN Exchange of Mutilated Paper Currency § 100.6 Destroyed paper currency. No relief will be...

75 FR 71765 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-11-24

... currencies, or options on currencies or currency futures or other currency derivatives or Currency Trust...) interest rate futures or options or derivatives on the foregoing in this subparagraph (b); (``Futures...; or (b) interest rate futures or options or derivatives on the foregoing in this subparagraph (b...

78 FR 41462 - Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing of a Proposed Rule Change...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-07-10

... Asset. The term ``Currency,'' as used in the proposed rule, means one or more currencies, or currency...; Commodity-Based Trust Shares; Currency Trust Shares; Commodity Index Trust Shares; Commodity Futures Trust Shares; Partnership Units; Trust Units; Managed Trust Securities; and Currency Warrants. Specifically...

26 CFR 1.861-9T - Allocation and apportionment of interest expense (temporary).

Code of Federal Regulations, 2011 CFR

2011-04-01

... functional currency, borrows 100 pounds on January 1, 1987 for a three-year term at an interest rate greater... dollars and entered into a currency swap that substantially hedged X's foreign currency exposure on the... currency. Any net foreign currency loss on this series of transactions constitutes a loss incurred...

Aberrant Food Choices after Satiation in Human Orexin-Deficient Narcolepsy Type 1.

PubMed

van Holst, Ruth Janke; van der Cruijsen, Lisa; van Mierlo, Petra; Lammers, Gert Jan; Cools, Roshan; Overeem, Sebastiaan; Aarts, Esther

2016-11-01

Besides influencing vigilance, orexin neurotransmission serves a variety of functions, including reward, motivation, and appetite regulation. As obesity is an important symptom in orexin-deficient narcolepsy, we explored the effects of satiety on food-related choices and spontaneous snack intake in patients with narcolepsy type 1 (n = 24) compared with healthy matched controls (n = 19). In additional analyses, we also included patients with idiopathic hypersomnia (n = 14) to assess sleepiness-related influences. Participants were first trained on a choice task to earn salty and sweet snacks. Next, one of the snack outcomes was devalued by having participants consume it until satiation (i.e., sensory-specific satiety). We then measured the selective reduction in choices for the devalued snack outcome. Finally, we assessed the number of calories that participants consumed spontaneously from ad libitum available snacks afterwards. After satiety, all participants reported reduced hunger and less wanting for the devalued snack. However, while controls and idiopathic hypersomnia patients chose the devalued snack less often in the choice task, patients with narcolepsy still chose the devalued snack as often as before satiety. Subsequently, narcolepsy patients spontaneously consumed almost 4 times more calories during ad libitum snack intake. We show that the manipulation of food-specific satiety has reduced effects on food choices and caloric intake in narcolepsy type 1 patients. These mechanisms may contribute to their obesity, and suggest an important functional role for orexin in human eating behavior. Study registered at Netherlands Trial Register. URL: www.trialregister.nl. Trial ID: NTR4508. © 2016 Associated Professional Sleep Societies, LLC.

The Predecessors of Bitcoin and Their Implications for the Prospect of Virtual Currencies

PubMed Central

Kim, Thomas

2015-01-01

To examine whether the recent price patterns and transaction costs of Bitcoin represent a general characteristic of decentralized virtual currencies, we analyze virtual currencies in online games that have been voluntarily managed by individuals since 1990s. We find that matured game currencies have price stability similar to that of small size equities or gold, and their transaction costs are sometimes lower than real currencies. Assuming that virtual currencies with a longer history can provide an estimate for Bitcoin’s prospects, we project that Bitcoin will be less influenced by speculative trades and become a low cost alternative to real currencies. PMID:25919027

The predecessors of bitcoin and their implications for the prospect of virtual currencies.

PubMed

Kim, Thomas

2014-01-01

To examine whether the recent price patterns and transaction costs of Bitcoin represent a general characteristic of decentralized virtual currencies, we analyze virtual currencies in online games that have been voluntarily managed by individuals since 1990s. We find that matured game currencies have price stability similar to that of small size equities or gold, and their transaction costs are sometimes lower than real currencies. Assuming that virtual currencies with a longer history can provide an estimate for Bitcoin's prospects, we project that Bitcoin will be less influenced by speculative trades and become a low cost alternative to real currencies.

Membership in a Devalued Social Group and Emotional Well-Being: Developing a Model of Personal Self-Esteem, Collective Self-Esteem, and Group Socialization.

ERIC Educational Resources Information Center

Katz, Jennifer; Joiner, Thomas E., Jr.; Kwon, Paul

2002-01-01

Tested a theoretical model that linked membership in a devalued social group to emotional health. Surveyed white, middle-to-upper-class undergraduate students regarding personal and collective self-esteem (by gender), attitudes and behaviors associated with female socialization, and emotional distress. Results supported the direct effect of each…

Control of Appetitive and Aversive Taste-Reactivity Responses by an Auditory Conditioned Stimulus in a Devaluation Task: A FOS and Behavioral Analysis

ERIC Educational Resources Information Center

Kerfoot, Erin C.; Agarwal, Isha; Lee, Hongjoo J.; Holland, Peter C.

2007-01-01

Through associative learning, cues for biologically significant reinforcers such as food may gain access to mental representations of those reinforcers. Here, we used devaluation procedures, behavioral assessment of hedonic taste-reactivity responses, and measurement of immediate-early gene (IEG) expression to show that a cue for food engages…

Currency co-movement and network correlation structure of foreign exchange market

NASA Astrophysics Data System (ADS)

Mai, Yong; Chen, Huan; Zou, Jun-Zhong; Li, Sai-Ping

2018-02-01

We study the correlations of exchange rate volatility in the global foreign exchange(FX) market based on complex network graphs. Correlation matrices (CM) and the theoretical information flow method (Infomap) are employed to analyze the modular structure of the global foreign exchange network. The analysis demonstrates that there exist currency modules in the network, which is consistent with the geographical nature of currencies. The European and the East Asian currency modules in the FX network are most significant. We introduce a measure of the impact of individual currency based on its partial correlations with other currencies. We further incorporate an impact elimination method to filter out the impact of core nodes and construct subnetworks after the removal of these core nodes. The result reveals that (i) the US Dollar has prominent global influence on the FX market while the Euro has great impact on European currencies; (ii) the East Asian currency module is more strongly correlated than the European currency module. The strong correlation is a result of the strong co-movement of currencies in the region. The co-movement of currencies is further used to study the formation of international monetary bloc and the result is in good agreement with the consideration based on international trade.

75 FR 56628 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing of...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-09-16

... currencies, or options on currencies or currency futures or other currency derivatives or Currency Trust...) interest rate futures or options or derivatives on the foregoing in this subparagraph (b); or (c) CBOE... any of the foregoing; or (b) interest rate futures or options or derivatives on the foregoing in this...

12 CFR 745.7 - Shares accepted in a foreign currency.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Shares accepted in a foreign currency. 745.7... accepted in a foreign currency. An insured credit union may accept shares denominated in a foreign currency. Shares denominated in a foreign currency will be insured in accordance with this part to the same extent...

Devaluing Women and Minorities: The Effects of Race/Ethnic and Sex Composition of Occupations on Wage Levels.

ERIC Educational Resources Information Center

Reid, Lori L.

1998-01-01

Data from the National Longitudinal Survey of Youth, 1979-87, suggest that the percentage of white women in an occupation negatively affects wage levels. The percentages of black men or women or Latino/a men or women do not have negative effects. Occupational devaluation does not contribute to the race/ethnic wage gap and comparable worth policies…

Are Academic Discounting and Devaluing Double-Edged Swords? Their Relations to Global Self-Esteem, Achievement Goals, and Performance among Stigmatized Students

ERIC Educational Resources Information Center

Loose, Florence; Regner, Isabelle; Morin, Alexandre J. S.; Dumas, Florence

2012-01-01

Often taken for granted, the coexistence of benefits and costs of discounting and devaluing has never been tested. Yet, not only are there inconsistent findings about the relations between these processes and global self-esteem, but little is known about their relations to motivation and performance. Here we simultaneously examined how academic…

Electronic Warfare: Rethinking the Importance of Its Role In Military Operations

DTIC Science & Technology

2016-06-10

characterized by misperception, misunderstanding, and mismanagement, resulting in EW being devalued and its resources misused. This thesis will argue how...structure, advocacy, and strategy. Devalued and lacking advocacy, EW fails to earn resource investment today and into the foreseeable future. The...of Defense. This thesis is entirely my own work except as documented in footnotes. (or appropriate statement per the Academic Integrity Policy

Contexts Paired with Junk Food Impair Goal-Directed Behavior in Rats: Implications for Decision Making in Obesogenic Environments

PubMed Central

Kendig, Michael D.; Cheung, Ambrose M. K.; Raymond, Joel S.; Corbit, Laura H.

2016-01-01

The high prevalence of obesity and related metabolic diseases calls for greater understanding of the factors that drive excess energy intake. Calorie-dense palatable foods are readily available and often are paired with highly salient environmental cues. These cues can trigger food-seeking and consumption in the absence of hunger. Here we examined the effects of palatable food-paired environmental cues on control of instrumental food-seeking behavior. In Experiment 1, adult male rats received exposures to one context containing three “junk” foods (JFs context) and another containing chow (Chow context). Next, rats were food-deprived and trained to perform instrumental responses (lever-press) for two novel food rewards in a third, distinct context. Contextual influences on flexible control of food-seeking behavior were then assessed by outcome devaluation tests held in the JF, chow and training contexts. Devaluation was achieved using specific satiety and test order was counterbalanced. Rats exhibited goal-directed control over behavior when tested in the training and chow-paired contexts. Notably, performance was habitual (insensitive to devaluation) when tested in the JF context. In Experiment 2 we tested whether the impairment found in the JF context could be ameliorated by the presentation of a discrete auditory cue paired with the chow context, relative to a second cue paired with the JF context. Consistent with the results of Experiment 1, the devaluation effect was not significant when rats were tested in the JF context with the JF cue. However, presenting the chow cue increased the impact of the devaluation treatment leading to a robust devaluation effect. Further tests confirmed that performance in the chow context was goal-directed and that sensory-specific satiety in the JF context was intact. These results show that environments paired with palatable foods can impair goal-directed control over food-seeking behavior, but that this deficit was improved by a cue paired with chow. This has promising implications for assisting individuals in controlling their eating behavior in environments designed to dysregulate it. PMID:27877118

Contexts Paired with Junk Food Impair Goal-Directed Behavior in Rats: Implications for Decision Making in Obesogenic Environments.

PubMed

Kendig, Michael D; Cheung, Ambrose M K; Raymond, Joel S; Corbit, Laura H

2016-01-01

The high prevalence of obesity and related metabolic diseases calls for greater understanding of the factors that drive excess energy intake. Calorie-dense palatable foods are readily available and often are paired with highly salient environmental cues. These cues can trigger food-seeking and consumption in the absence of hunger. Here we examined the effects of palatable food-paired environmental cues on control of instrumental food-seeking behavior. In Experiment 1, adult male rats received exposures to one context containing three "junk" foods (JFs context) and another containing chow (Chow context). Next, rats were food-deprived and trained to perform instrumental responses (lever-press) for two novel food rewards in a third, distinct context. Contextual influences on flexible control of food-seeking behavior were then assessed by outcome devaluation tests held in the JF, chow and training contexts. Devaluation was achieved using specific satiety and test order was counterbalanced. Rats exhibited goal-directed control over behavior when tested in the training and chow-paired contexts. Notably, performance was habitual (insensitive to devaluation) when tested in the JF context. In Experiment 2 we tested whether the impairment found in the JF context could be ameliorated by the presentation of a discrete auditory cue paired with the chow context, relative to a second cue paired with the JF context. Consistent with the results of Experiment 1, the devaluation effect was not significant when rats were tested in the JF context with the JF cue. However, presenting the chow cue increased the impact of the devaluation treatment leading to a robust devaluation effect. Further tests confirmed that performance in the chow context was goal-directed and that sensory-specific satiety in the JF context was intact. These results show that environments paired with palatable foods can impair goal-directed control over food-seeking behavior, but that this deficit was improved by a cue paired with chow. This has promising implications for assisting individuals in controlling their eating behavior in environments designed to dysregulate it.

Fake currency detection using image processing

NASA Astrophysics Data System (ADS)

Agasti, Tushar; Burand, Gajanan; Wade, Pratik; Chitra, P.

2017-11-01

The advancement of color printing technology has increased the rate of fake currency note printing and duplicating the notes on a very large scale. Few years back, the printing could be done in a print house, but now anyone can print a currency note with maximum accuracy using a simple laser printer. As a result the issue of fake notes instead of the genuine ones has been increased very largely. India has been unfortunately cursed with the problems like corruption and black money. And counterfeit of currency notes is also a big problem to it. This leads to design of a system that detects the fake currency note in a less time and in a more efficient manner. The proposed system gives an approach to verify the Indian currency notes. Verification of currency note is done by the concepts of image processing. This article describes extraction of various features of Indian currency notes. MATLAB software is used to extract the features of the note. The proposed system has got advantages like simplicity and high performance speed. The result will predict whether the currency note is fake or not.

Valuation of Go Stimuli or Devaluation of No-Go Stimuli? Evidence of an Increased Preference for Attended Go Stimuli Following a Go/No-Go Task

PubMed Central

Inoue, Kazuya; Sato, Nobuya

2017-01-01

Attentional inhibition that occurs during discrimination tasks leads to the negative evaluation of distractor stimuli. This phenomenon, known as the distractor devaluation effect also occurs when go/no-go tasks require response inhibition. However, it remains unclear whether there are interactions between attention and response controls when the distractor devaluation effect occurs. The aims of this study were to investigate whether attention to stimuli in the go/no-go task plays a facilitative role in distractor devaluation through response inhibition, and to clarify whether this effect reflects a decreased preference for no-go stimuli. Participants evaluated the preference for pictures before and after a go/no-go task. In Experiments 1 and 2, they made a go or no-go response depending on the category of pictures displayed (gummy candies or rice crackers), whereas in Experiment 3 they did on the basis digit category, even or odd numbers, superimposed on such pictures. Experiments 1 and 2 demonstrated that the pictures presented as no-go stimuli in the preceding go/no-go task were evaluated as less positive than the pictures presented as go stimuli. This devaluation effect reflected an increased preference for the go stimuli but not a decreased preference for the no-go stimuli. Experiment 3 indicated that response inhibition did not affect the preference for the pictures that had not received attention in a preceding go/no-go task. These results suggest that although attention plays an important role in differential ratings for go and no-go stimuli, such differences, in fact, reflect the valuation of go stimuli. PMID:28439246

Effects of dopamine D1 receptor blockade in the prelimbic prefrontal cortex or lateral dorsal striatum on frontostriatal function in Wistar and Spontaneously Hypertensive Rats.

PubMed

Gauthier, Jamie M; Tassin, David H; Dwoskin, Linda P; Kantak, Kathleen M

2014-07-15

Attention Deficit Hyperactivity Disorder (ADHD) is associated with dysfunctional prefrontal and striatal circuitry and dysregulated dopamine neurotransmission. Spontaneously Hypertensive Rats (SHR), a heuristically useful animal model of ADHD, were evaluated against normotensive Wistar (WIS) controls to determine whether dopamine D1 receptor blockade of either prelimbic prefrontal cortex (plPFC) or lateral dorsal striatum (lDST) altered learning functions of both interconnected sites. A strategy set shifting task measured plPFC function (behavioral flexibility/executive function) and a reward devaluation task measured lDST function (habitual responding). Prior to tests, rats received bilateral infusions of SCH 23390 (1.0 μg/side) or vehicle into plPFC or lDST. Following vehicle, SHR exhibited longer lever press reaction times, more trial omissions, and fewer completed trials during the set shift test compared to WIS, indicating slower decision-making and attentional/motivational impairment in SHR. After reward devaluation, vehicle-treated SHR responded less than WIS, indicating relatively less habitual responding in SHR. After SCH 23390 infusions into plPFC, WIS expressed the same behavioral phenotype as vehicle-treated SHR during set shift and reward devaluation tests. In SHR, SCH 23390 infusions into plPFC exacerbated behavioral deficits in the set shift test and maintained the lower rate of responding in the reward devaluation test. SCH 23390 infusions into lDST did not modify set shifting in either strain, but produced lower rates of responding than vehicle infusions after reward devaluation in WIS. This research provides pharmacological evidence for unidirectional interactions between prefrontal and striatal brain regions, which has implications for the neurological basis of ADHD and its treatment. Copyright © 2014 Elsevier B.V. All rights reserved.

Valuation of Go Stimuli or Devaluation of No-Go Stimuli? Evidence of an Increased Preference for Attended Go Stimuli Following a Go/No-Go Task.

PubMed

Inoue, Kazuya; Sato, Nobuya

2017-01-01

Attentional inhibition that occurs during discrimination tasks leads to the negative evaluation of distractor stimuli. This phenomenon, known as the distractor devaluation effect also occurs when go/no-go tasks require response inhibition. However, it remains unclear whether there are interactions between attention and response controls when the distractor devaluation effect occurs. The aims of this study were to investigate whether attention to stimuli in the go/no-go task plays a facilitative role in distractor devaluation through response inhibition, and to clarify whether this effect reflects a decreased preference for no-go stimuli. Participants evaluated the preference for pictures before and after a go/no-go task. In Experiments 1 and 2, they made a go or no-go response depending on the category of pictures displayed (gummy candies or rice crackers), whereas in Experiment 3 they did on the basis digit category, even or odd numbers, superimposed on such pictures. Experiments 1 and 2 demonstrated that the pictures presented as no-go stimuli in the preceding go/no-go task were evaluated as less positive than the pictures presented as go stimuli. This devaluation effect reflected an increased preference for the go stimuli but not a decreased preference for the no-go stimuli. Experiment 3 indicated that response inhibition did not affect the preference for the pictures that had not received attention in a preceding go/no-go task. These results suggest that although attention plays an important role in differential ratings for go and no-go stimuli, such differences, in fact, reflect the valuation of go stimuli.

Aberrant Food Choices after Satiation in Human Orexin-Deficient Narcolepsy Type 1

PubMed Central

van Holst, Ruth Janke; van der Cruijsen, Lisa; van Mierlo, Petra; Lammers, Gert Jan; Cools, Roshan; Overeem, Sebastiaan; Aarts, Esther

2016-01-01

Study Objectives: Besides influencing vigilance, orexin neurotransmission serves a variety of functions, including reward, motivation, and appetite regulation. As obesity is an important symptom in orexin-deficient narcolepsy, we explored the effects of satiety on food-related choices and spontaneous snack intake in patients with narcolepsy type 1 (n = 24) compared with healthy matched controls (n = 19). In additional analyses, we also included patients with idiopathic hypersomnia (n = 14) to assess sleepiness-related influences. Methods: Participants were first trained on a choice task to earn salty and sweet snacks. Next, one of the snack outcomes was devalued by having participants consume it until satiation (i.e., sensory-specific satiety). We then measured the selective reduction in choices for the devalued snack outcome. Finally, we assessed the number of calories that participants consumed spontaneously from ad libitum available snacks afterwards. Results: After satiety, all participants reported reduced hunger and less wanting for the devalued snack. However, while controls and idiopathic hypersomnia patients chose the devalued snack less often in the choice task, patients with narcolepsy still chose the devalued snack as often as before satiety. Subsequently, narcolepsy patients spontaneously consumed almost 4 times more calories during ad libitum snack intake. Conclusions: We show that the manipulation of food-specific satiety has reduced effects on food choices and caloric intake in narcolepsy type 1 patients. These mechanisms may contribute to their obesity, and suggest an important functional role for orexin in human eating behavior. Clinical Trials Registration: Study registered at Netherlands Trial Register. URL: www.trialregister.nl. Trial ID: NTR4508. Citation: van Holst RJ, van der Cruijsen L, van Mierlo P, Lammers GJ, Cools R, Overeem S, Aarts E. Aberrant food choices after satiation in human orexindeficient narcolepsy type 1. SLEEP 2016;39(11):1951–1959. PMID:27568806

Detection of counterfeit currency

DOEpatents

Burns, D.A.

1998-05-26

A method is disclosed of detecting counterfeit currency by contacting the currency to be tested with near infrared beams in the spectrum below 1,250 nanometers, measuring reflectance of the near infrared beams and comparing the reflectance values with those from genuine currency. 18 figs.

China’s Currency: A Summary of the Economic Issues

DTIC Science & Technology

2008-01-09

lower-priced imports). Chinese officials view economic stability as critical to sustaining political stability; they fear an appreciated currency...development of rural areas, but they claim they want to proceed at a gradual pace to ensure economic stability . Implications of China’s Currency...Modifying Its Currency Policy Chinese officials argue that its currency policy is not meant to favor exports over imports, but instead to foster economic

General and specific statistical properties of foreign exchange markets during a financial crash

NASA Astrophysics Data System (ADS)

Li, Wei-Shen; Tsai, Yun-Jie; Shen, Yu-Hsien; Liaw, Sy-Sang

2016-06-01

We investigate minute-by-minute foreign exchange rate (FX) data of 14 currencies with different exchange-rate regimes during a financial crash, and divide these data into several stages according to their respective tendencies: depreciation stage (stage 1), fluctuating stage (stage 2), and appreciation stage (stage 3). The tail distribution of FX rate returns satisfies a power-law structure for different types of currencies. We find the absolute value of the power-law exponent is smaller in emerging markets than in developed markets, especially during the stage 1, and is greatest in pegged currencies. We also find that the correlation properties of the FX rate return series have quite disparate results among the various types of currencies. Currencies in developed markets respectively have weak persistence and anti-persistence in short and long timescales; whereas the pegged currencies and currencies in emerging markets show different degrees of anti-persistence in various timescales. Further analyses on the data in divided stages indicate that emerging markets and pegged currencies have more prominent dual fractal structures after the depreciation stage, while the developed markets do not. Hurst exponent analyses on the sign series yield similar results to that on the original return series for most currencies. The magnitude series of the returns provide some unique results during a crash. The developed market currencies have strong persistence and exhibit a weaker correlation in the depreciation and appreciation stages. In contrast, the currencies of emerging markets as well as pegged currencies fail to show such a transformation, but rather show a constant-correlation behavior in the corresponding stages of a crash. These results indicate that external shocks exert different degrees of influence during different stages of the crash in various markets.

Science Self-Concept and Valuing Science: A Cross-Cultural Analysis of Their Relation among Students from Western and East Asian Countries

ERIC Educational Resources Information Center

Schütte, Kerstin

2015-01-01

Devaluing an academic domain is a potential means of alleviating the psychological discomfort that results from the inconsistency of a low domain-specific self-concept of ability and great value attached to the domain. Such motivated devaluation of a domain is expected to be stronger in cultural contexts that promote a relatively greater focus on…

Deterioration in the nutritional status of young children and their mothers in Brazzaville, Congo, following the 1994 devaluation of the CFA franc.

PubMed Central

Martin-Prével, Y.; Delpeuch, F.; Traissac, P.; Massamba, J. P.; Adoua-Oyila, G.; Coudert, K.; Trèche, S.

2000-01-01

The effects of the January 1994 devaluation of the African Financial Community (CFA) franc on the nutritional situation of the populations concerned has been little documented. We report in this article on two nutritional cross-sectional surveys that were conducted before and after this devaluation (1993 and 1996) in two districts of Brazzaville, Congo. The surveys involved a representative sample of 4206 households with a child aged 4-23 months. Complementary feeding practices and the anthropometric indices of the children and their mothers were compared, adjusting for changes in household socioeconomic characteristics. The results show a decline in the quality of the first complementary foods offered to the infants, i.e. less frequent use of special transitional foods and imported complementary flours (of higher nutritional quality), and preparation of less nutritious local gruels. Overall, the nutritional situation had deteriorated, with greater levels of stunting and wasting among children, mothers with lower body mass index, and infants with reduced birth weights. Increased food prices would appear to be the direct cause of the decreased quality in complementary feeding, but factors other than the devaluation have also had an impact on household welfare. The influence of these factors on nutritional-status is discussed. PMID:10686745

Near East/South Asia Report, No. 2794

DTIC Science & Technology

1983-08-04

interest-earning foreign currency reserves. About 80% of our present foreign currency reserves come from the IMF loan and are matched by IMF ...fact would the United States want to change a system which makes of its national currency , which it has manipulated at will since 1971 (President...Nixon’s decision on the nonconvertibility of the dollar into gold, in August 1971), one which is a currency of reserve and world reference? A currency

Women's roundtable discussion on the economic, social and political impacts of the Southeast Asian financial crisis.

PubMed

Kelkar, G

1998-01-01

This article summarizes the main issues revealed at a women's roundtable discussion on the Economic, Social, and Political Impacts of the Southeast Asian Financial Crisis. The discussion was organized by the Development Alternatives of Women for the New Era (DAWN) and was held during April 12-14, 1998, in Manila, the Philippines. The aim was to explore the effects of the financial crisis and its management by states and multilateral agencies on women's political, economic, cultural, and social status; and to reach regional understanding of new issues for the women's movement in Asia and to identify areas of advocacy. Participants included women scholars and activists from Southeast, East, and South Asia; Africa; the Caribbean; Latin America; and the Pacific. Participants came from a wide variety of backgrounds. Nine issues were emphasized. For example, some predicted the currency devaluation before July 1997. The financial crisis is linked with globalization. The International Monetary Fund (IMF) is the primary institution for addressing the financial crisis. IMF conditions on inflation rates and budget surpluses are recessionary and government budget oriented. The crisis has exposed cronyism and corruption within capitalism. Patriarchal values have reemerged as Asian values. Women have lost jobs and income, while the cost of living continues to increase. Prostitution has become more acceptable as legitimate work. Women's human rights are not legally protected. State ideology assumes domestic and sex roles. Issues in each region are identified. 14 key issues pertain to all regions.

World currency exchange rate cross-correlations

NASA Astrophysics Data System (ADS)

Droå¼dż, S.; Górski, A. Z.; Kwapień, J.

2007-08-01

World currency network constitutes one of the most complex structures that is associated with the contemporary civilization. On a way towards quantifying its characteristics we study the cross correlations in changes of the daily foreign exchange rates within the basket of 60 currencies in the period December 1998 May 2005. Such a dynamics turns out to predominantly involve one outstanding eigenvalue of the correlation matrix. The magnitude of this eigenvalue depends however crucially on which currency is used as a base currency for the remaining ones. Most prominent it looks from the perspective of a peripheral currency. This largest eigenvalue is seen to systematically decrease and thus the structure of correlations becomes more heterogeneous, when more significant currencies are used as reference. An extreme case in this later respect is the USD in the period considered. Besides providing further insight into subtle nature of complexity, these observations point to a formal procedure that in general can be used for practical purposes of measuring the relative currencies significance on various time horizons.

Co-existence of multiple trade-off currencies shapes evolutionary outcomes

PubMed Central

Isaksson, Caroline; Salguero-Gómez, Roberto

2017-01-01

Evolutionary studies often assume that energy is the primary resource (i.e. “currency”) at the heart of the survival-reproduction trade-off, despite recent evidence to the contrary. The evolutionary consequences of having a single trade-off currency versus multiple competing currencies are unknown. Using simulations, we modeled the evolution of either a single physiological currency between reproduction and survival, or of multiple such currencies. For a wide array of model specifications varying functional forms and strengths of the trade-offs, we show that the presence of multiple currencies (e.g. nutrients, time) generally results in the evolution of higher lifetime reproductive success through partial circumvention of such trade-offs. Evolution of the underlying physiology is also more highly contingent with multiple currencies. These results challenge the paradigm of a single survival-reproduction trade-off as central to life history evolution, suggesting greater roles for physiological constraints and contingency, and implying potential selection for evolution of multiple trade-off currencies. PMID:29216275

48 CFR 25.1002 - Use of foreign currency.

Code of Federal Regulations, 2010 CFR

2010-10-01

... 48 Federal Acquisition Regulations System 1 2010-10-01 2010-10-01 false Use of foreign currency... currency. (a) Unless an international agreement or the WTO GPA (see 25.408(a)(4)) requires a specific currency, contracting officers must determine whether solicitations for contracts to be entered into and...

19 CFR 152.25 - Conversion of foreign currency.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 19 Customs Duties 2 2011-04-01 2011-04-01 false Conversion of foreign currency. 152.25 Section 152.25 Customs Duties U.S. CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF HOMELAND SECURITY; DEPARTMENT OF... Conversion of foreign currency. When foreign currency must be converted for purposes of appraisement, the...

19 CFR 152.25 - Conversion of foreign currency.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 19 Customs Duties 2 2010-04-01 2010-04-01 false Conversion of foreign currency. 152.25 Section 152.25 Customs Duties U.S. CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF HOMELAND SECURITY; DEPARTMENT OF... Conversion of foreign currency. When foreign currency must be converted for purposes of appraisement, the...

31 CFR 1026.310 - Reports of transactions in currency.

Code of Federal Regulations, 2011 CFR

2011-07-01

... and Introducing Brokers in Commodities § 1026.310 Reports of transactions in currency. The reports of transactions in currency requirements for futures commission merchants and introducing brokers in commodities... 31 Money and Finance:Treasury 3 2011-07-01 2011-07-01 false Reports of transactions in currency...

31 CFR 103.58 - Forfeiture of currency or monetary instruments.

Code of Federal Regulations, 2010 CFR

2010-07-01

... instruments. 103.58 Section 103.58 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS General Provisions § 103.58 Forfeiture of currency or monetary instruments. Any currency or other monetary instruments which are in the...

The psychological disengagement model among women in science, engineering, and technology.

PubMed

Beaton, Ann M; Tougas, Francine; Rinfret, Natalie; Monger, Tanya

2015-09-01

Psychological responses to personal relative deprivation based on self/outgroup comparisons (named self/outgroup PRD) were explored among women in science, engineering, and technology according to the Psychological Disengagement Model. Three studies revealed that the experience of self/outgroup PRD increased women's likelihood of discounting the feedback they received at work. In turn, discounting led them to devalue their profession. Each study further documented the damaging effect of both psychological disengagement mechanisms. Study 1 (N = 93) revealed that discounting and devaluing were associated with decreased self-esteem. These results were replicated in Studies 2 and 3. Study 2 (N = 163) demonstrated that discounting and devaluing were also associated with reduced self-esteem stability. Study 3 (N = 187) further showed that psychological disengagement was also associated with women's occupational commitment. Theoretical and practical implications of these results are considered. © 2014 The British Psychological Society.

Research on the Applicable Method of Valuation of Pure Electric Used vehicles

NASA Astrophysics Data System (ADS)

Cai, yun; Tan, zhengping; Wang, yidong; Mao, pan

2018-03-01

With the rapid growth in the ownership of pure electric vehicles, the research on the valuation of used electric vehicles has become the key to the development of the pure electric used vehicle market. The paper analyzed the application of the three value assessment methods, current market price method, capitalized earning method and replacement cost method, in pure electric used vehicles, and draws a conclusion that the replacement cost method is more suitable for pure electric used car. At the same time, the article also conducted a parametric correction exploration research, aiming at the characteristics of pure electric vehicles and replacement cost of the constituent factors. Through the analysis of the applicability parameters of physical devaluation, functional devaluation and economic devaluation, the revised replacement cost method can be used for the valuation of purely used electric vehicles for private use.

Complexity Characteristics of Currency Networks

NASA Astrophysics Data System (ADS)

Gorski, A. Z.; Drozdz, S.; Kwapien, J.; Oswiecimka, P.

2006-11-01

A large set of daily FOREX time series is analyzed. The corresponding correlation matrices (CM) are constructed for USD, EUR and PLN used as the base currencies. The triangle rule is interpreted as constraints reducing the number of independent returns. The CM spectrum is computed and compared with the cases of shuffled currencies and a fictitious random currency taken as a base currency. The Minimal Spanning Tree (MST) graphs are calculated and the clustering effects for strong currencies are found. It is shown that for MSTs the node rank has power like, scale free behavior. Finally, the scaling exponents are evaluated and found in the range analogous to those identified recently for various complex networks.

Virtual World Currency Value Fluctuation Prediction System Based on User Sentiment Analysis.

PubMed

Kim, Young Bin; Lee, Sang Hyeok; Kang, Shin Jin; Choi, Myung Jin; Lee, Jung; Kim, Chang Hun

2015-01-01

In this paper, we present a method for predicting the value of virtual currencies used in virtual gaming environments that support multiple users, such as massively multiplayer online role-playing games (MMORPGs). Predicting virtual currency values in a virtual gaming environment has rarely been explored; it is difficult to apply real-world methods for predicting fluctuating currency values or shares to the virtual gaming world on account of differences in domains between the two worlds. To address this issue, we herein predict virtual currency value fluctuations by collecting user opinion data from a virtual community and analyzing user sentiments or emotions from the opinion data. The proposed method is straightforward and applicable to predicting virtual currencies as well as to gaming environments, including MMORPGs. We test the proposed method using large-scale MMORPGs and demonstrate that virtual currencies can be effectively and efficiently predicted with it.

The evolutionary synchronization of the exchange rate system in ASEAN+6

NASA Astrophysics Data System (ADS)

Feng, Xiaobing; Hu, Haibo; Wang, Xiaofan

2010-12-01

Although there are extensive researches on the behavior of the world currency network, the complexity of the Asian regional currency system is not well understood regardless of its importance. Using daily exchange rates this paper examines exchange rate co-movements in the region before and after the China exchange rate reform. It was found that the correlation between Asian currencies and the US Dollar, the previous regional key currency has become weaker and intra-Asia interactions have increased. Cross sample entropy and cross entropy approaches are also applied to examine the synchrony behavior among the Asian currencies. The study also shows that the Asian exchange rate markets featured are neither stochastic nor efficient. These findings may shed some light on the in-depth understanding of collective behaviors in a regional currency network; they will also lay a theoretical foundation for further policy formulation in Asian currency integration.

Virtual World Currency Value Fluctuation Prediction System Based on User Sentiment Analysis

PubMed Central

Kim, Young Bin; Lee, Sang Hyeok; Kang, Shin Jin; Choi, Myung Jin; Lee, Jung; Kim, Chang Hun

2015-01-01

In this paper, we present a method for predicting the value of virtual currencies used in virtual gaming environments that support multiple users, such as massively multiplayer online role-playing games (MMORPGs). Predicting virtual currency values in a virtual gaming environment has rarely been explored; it is difficult to apply real-world methods for predicting fluctuating currency values or shares to the virtual gaming world on account of differences in domains between the two worlds. To address this issue, we herein predict virtual currency value fluctuations by collecting user opinion data from a virtual community and analyzing user sentiments or emotions from the opinion data. The proposed method is straightforward and applicable to predicting virtual currencies as well as to gaming environments, including MMORPGs. We test the proposed method using large-scale MMORPGs and demonstrate that virtual currencies can be effectively and efficiently predicted with it. PMID:26241496

Forecasting Foreign Currency Exchange Rates for Air Force Budgeting

DTIC Science & Technology

2015-03-26

FORECASTING FOREIGN CURRENCY EXCHANGE RATES FOR AIR FORCE BUDGETING THESIS MARCH 2015...States. AFIT-ENV-MS-15-M-178 FORECASTING FOREIGN CURRENCY EXCHANGE RATES FOR AIR FORCE BUDGETING THESIS Presented to the Faculty...FORECASTING FOREIGN CURRENCY EXCHANGE RATES FOR AIR FORCE BUDGETING Nicholas R. Gardner, BS Captain, USAF Committee Membership: Lt Col Jonathan

26 CFR 1.988-6 - Nonfunctional currency contingent payment debt instruments.

Code of Federal Regulations, 2010 CFR

2010-04-01

... accrued but unpaid interest is translated into functional currency at the same rate used, in each of the... 26 Internal Revenue 10 2010-04-01 2010-04-01 false Nonfunctional currency contingent payment debt... (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES Export Trade Corporations § 1.988-6 Nonfunctional currency...

26 CFR 1.985-1 - Functional currency.

Code of Federal Regulations, 2010 CFR

2010-04-01

... does not keep books and records in the currency of any economic environment in which a significant part... paragraph (c)(3) of this section to keep, its books and records in such currency. (2) Economic environment... presumed to keep books and records in the currency of the economic environment in which a significant part...

U.S. Currency. A Perspective of Its Role Today.

ERIC Educational Resources Information Center

Board of Governors of the Federal Reserve System, Washington, DC.

Designed for the general public and possibly suitable also for high school economics students, this pamphlet presents a brief overview of United States currency. Separate sections discuss the role of currency today, how the dollar has evolved, how the dollar got its name, laws concerning legal tender, types of currency in circulation, the meaning…

Forecasting of monthly inflow and outflow currency using time series regression and ARIMAX: The Idul Fitri effect

NASA Astrophysics Data System (ADS)

Ahmad, Imam Safawi; Setiawan, Suhartono, Masun, Nunun Hilyatul

2015-12-01

Currency plays an important role in economic transactions of Indonesian society. In order to guarantee the availability of currency, Bank Indonesia needs to develop demand and supply planning of currency. The purpose of this study is to get model and predict inflow and outflow of currency in KPW BI Region IV (East Java) with ARIMA method, time series regression and ARIMAX. The data of monthly inflow and outflow is used of currency in KPW BI Surabaya, Malang, Kediri and Jember.The observation period starting from January 2003 to December 2014. Based on the smallest values of out-sample RMSE and SMAPE, ARIMA is the best model to predict the outflow of currency in KPW BI Surabaya and ARIMAX for KPW BI Malang, Kediri and Jember. The best forecasting model for inflow of currency in KPW BI Surabaya, Malang, Kediri and Jember chronologically as follows are calendar variation model, transfer function, ARIMA, and time series regression. These results indicates that the more complex models may not necessarily produce a more accurate forecast as the result of M3-Competition.

75 FR 80557 - Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-12-22

..., or options on currencies or currency futures or other currency derivatives or Currency Trust Shares... futures or options or derivatives on the foregoing in this subparagraph (b); or (c) CBOE Volatility Index...; (b) interest rate futures or options or derivatives on the foregoing; or (c) CBOE VIX futures. NYSE...

26 CFR 1.985-5 - Adjustments required upon change in functional currency.

Code of Federal Regulations, 2011 CFR

2011-04-01

... property and the new functional currency amount of liabilities and any other relevant items (e.g., items... adjusted basis or amount multiplied by the new functional currency/old functional currency spot exchange rate on the last day of the taxable year ending before the year of change (spot rate). (d) Step 3A...

26 CFR 1.985-5 - Adjustments required upon change in functional currency.

Code of Federal Regulations, 2013 CFR

2013-04-01

... property and the new functional currency amount of liabilities and any other relevant items (e.g., items... adjusted basis or amount multiplied by the new functional currency/old functional currency spot exchange rate on the last day of the taxable year ending before the year of change (spot rate). (d) Step 3A...

26 CFR 1.985-5 - Adjustments required upon change in functional currency.

Code of Federal Regulations, 2010 CFR

2010-04-01

... property and the new functional currency amount of liabilities and any other relevant items (e.g., items... adjusted basis or amount multiplied by the new functional currency/old functional currency spot exchange rate on the last day of the taxable year ending before the year of change (spot rate). (d) Step 3A...

26 CFR 1.985-5 - Adjustments required upon change in functional currency.

Code of Federal Regulations, 2012 CFR

2012-04-01

... property and the new functional currency amount of liabilities and any other relevant items (e.g., items... adjusted basis or amount multiplied by the new functional currency/old functional currency spot exchange rate on the last day of the taxable year ending before the year of change (spot rate). (d) Step 3A...

26 CFR 1.985-5 - Adjustments required upon change in functional currency.

Code of Federal Regulations, 2014 CFR

2014-04-01

... property and the new functional currency amount of liabilities and any other relevant items (e.g., items... adjusted basis or amount multiplied by the new functional currency/old functional currency spot exchange rate on the last day of the taxable year ending before the year of change (spot rate). (d) Step 3A...

77 FR 6833 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-02-09

... Reference Asset. The term ``Currency,'' as used in the proposed rule, means one or more currencies, or.... Description Proposed Rule 5711(e)(iii) provides that the term ``Currency Trust Shares'' as used in these...-Based Trust Shares; Currency Trust Shares; Commodity Index Trust Shares; Commodity Futures Trust Shares...

26 CFR 301.6316-8 - Refunds and credits in foreign currency.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 26 Internal Revenue 18 2010-04-01 2010-04-01 false Refunds and credits in foreign currency. 301....6316-8 Refunds and credits in foreign currency. (a) Refunds. The refund of any overpayment of tax which has been paid under section 6316 in foreign currency may, in the discretion of the Commissioner, be...

26 CFR 1.882-5 - Determination of interest deduction.

Code of Federal Regulations, 2010 CFR

2010-04-01

... or the functional currency of the home office of the taxpayer, and that currency must be used... interest rate on U.S.-connected liabilities by reference to its U.S. assets, using the separate currency... into U.S. dollars at the weighted average exchange rate for each currency prescribed by § 1.989(b)-1...

31 CFR 103.37 - Additional records to be made and retained by currency dealers or exchangers.

Code of Federal Regulations, 2010 CFR

2010-07-01

... retained by currency dealers or exchangers. 103.37 Section 103.37 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Records Required To Be Maintained § 103.37 Additional records to be made and retained by currency dealers...

26 CFR 301.6316-7 - Payment of Federal Insurance Contributions Act taxes in foreign currency.

Code of Federal Regulations, 2010 CFR

2010-04-01

... taxes in foreign currency. 301.6316-7 Section 301.6316-7 Internal Revenue INTERNAL REVENUE SERVICE... General Provisions § 301.6316-7 Payment of Federal Insurance Contributions Act taxes in foreign currency... foreign currency (as defined in paragraph (b) of § 301.6316-2) for services performed on or after January...

12 CFR Appendix A to Subpart A of... - Minimum Capital Components for Interest Rate and Foreign Exchange Rate Contracts

Code of Federal Regulations, 2010 CFR

2010-01-01

... sheet interest rate and foreign exchange rate contracts: a. Interest Rate Contracts i. Single currency... Contracts i. Cross-currency interest rate swaps. ii. Forward foreign exchange rate contracts. iii. Currency... exposure is zero. Mark-to-market values are measured in United States dollars, regardless of the currency...

75 FR 56150 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-09-15

...-settled foreign currency options \\5\\ orders represented by Floor Brokers \\6\\ on the Exchange.\\7\\ The.... dollar-settled foreign currency options orders to the Exchange trading floor. \\5\\ U.S. dollar-settled foreign currency options traded on the Exchange are also known as World Currency Options (``WCO'') or...

75 FR 23314 - Self-Regulatory Organizations; International Securities Exchange, LLC; Order Granting Approval of...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-05-03

... Rule 502(h), only Exchange-Traded Fund Shares, or ETFs, that are traded on a national securities... that holds a specified non-U.S. currency or currencies deposited with the trust when aggregated in some... non-U.S. currency or currencies and pays the beneficial owner interest and other distributions on the...

78 FR 75439 - Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-12-11

... current Rule 402, only Exchange-Traded Fund Shares (``ETFs'') that (1) represent interests in registered... or similar entity that holds a specified non-U.S. currency or currencies deposited with the trust... by the beneficial owner to receive the specified non-U.S. currency or currencies and pays the...

Push Factor in Mexican Migration to the United States: The Background to Migration.

DTIC Science & Technology

1980-07-01

United States. Recent devalua- tions of the Mexican peso were found to be extremely important in dramatically enhancing the values of United States...than 12% over the same time interval. (2) The devaluation of the Mexican peso since 1975 has off- set the apparent increases in estimated wages of low...southwestern United States imply a decrease in the incentive for permanent migration to the United States, the devaluation of the Mexican peso has

Neural evidence that inhibition is linked to the affective devaluation of distractors that match the contents of working memory.

PubMed

De Vito, David; Al-Aidroos, Naseem; Fenske, Mark J

2017-05-01

Stimuli appearing as visual distractors subsequently receive more negative affective evaluations than novel items or prior targets of attention. Leading accounts question whether this distractor devaluation effect occurs through evaluative codes that become associated with distractors as a mere artefact of attention-task instructions, or through affective consequences of attentional inhibition when applied to prevent distractor interference. Here we test opposing predictions arising from the evaluative-coding and devaluation-by-inhibition hypotheses using an electrophysiological marker of attentional inhibition in a task that requires participants to avoid interference from abstract-shape distractors presented while maintaining a uniquely-colored stimulus in memory. Consistent with prior research, distractors that matched the colour of the stimulus being held in memory elicited a Pd component of the event-related potential waveform, indicating that their processing was being actively suppressed. Subsequent affective evaluations revealed that memory-matching distractors also received more negative ratings than non-matching distractors or previously-unseen shapes. Moreover, Pd magnitude was greater on trials in which the memory-matching distractors were later rated negatively than on trials preceding positive ratings. These results support the devaluation-by-inhibition hypothesis and strongly suggest that fluctuations in stimulus inhibition are closely associated with subsequent affective evaluations. In contrast, none of the evaluative-coding based predictions were confirmed. Copyright © 2017 Elsevier Ltd. All rights reserved.

How psychiatric patients perceive the public's stereotype of mental illness.

PubMed

Freidl, M; Lang, T; Scherer, M

2003-05-01

It is well established that the general public has devaluating attitudes towards psychiatric patients. In order to avoid rejection, many of these patients develop coping strategies, such as withdrawal and concealing their treatment history. These efforts are in themselves stressing, which might have negative consequences for the course of the disorder. It is not clear, however, how many and which patients do actually perceive the public's stereotype as threatening and, therefore, expect rejection. Ninety psychiatric patients and a sample of 1042 persons of the Austrian general population were asked whether they agreed with five devaluating statements about mental patients contained in a questionnaire developed by Link et al. Matched pairs comparisons and multiple logistic regression were employed in order to find out whether patients agreed with these statements to the same extent as the general population did. For the statements that most people believe that psychiatric patients are "less intelligent", "less trustworthy" and "taken less seriously", patients thought significantly less often than the general population that most people devalue mental patients. For two statements ("personal failure", "think less of") no difference was found. It seems that some psychiatric patients are less convinced than the general population that most people devalue psychiatric patients in specific respects; these patients might fear rejection less than other patients do. Those who actually fear rejection might need antistigma assistance more urgently than the first group.

Differential involvement of the basolateral amygdala and orbitofrontal cortex in the formation of sensory-specific associations in conditioned flavor preference and magazine approach paradigms.

PubMed

Scarlet, Janina; Delamater, Andrew R; Campese, Vincent; Fein, Matthew; Wheeler, Daniel S

2012-06-01

Four experiments examined the roles of the basolateral amygdala and orbitofrontal cortex in the formation of sensory-specific associations in conditioned flavor preference and conditioned magazine approach paradigms using unconditioned stimulus (US) devaluation and selective Pavlovian-instrumental transfer procedures in Long Evans rats. Experiment 1 found that pre-training amygdala and orbitofrontal cortex lesions had no detectable effect on the formation or flexible use of sensory-specific flavor-nutrient associations in a US devaluation task, where flavor cues were paired either simultaneously or sequentially with nutrient rewards in water-deprived subjects. In Experiment 2, pre-training amygdala and orbitofrontal cortex lesions both attenuated outcome-specific Pavlovian-instrumental transfer. Experiment 3 indicated that amygdala lesions have no effect on the formation of sensory-specific flavor-nutrient associations in a US devaluation task in food-deprived subjects. Finally, Experiment 4 demonstrated that the outcomes used in Experiment 3 were sufficiently motivationally significant to support conditioned flavor preference. These findings suggest that, although both orbitofrontal cortex and amygdala lesions attenuate the acquisition of sensory-specific associations in magazine approach conditioning, neither lesion reduces the ability to appropriately respond to a flavor cue that was paired with a devalued outcome. © 2012 The Authors. European Journal of Neuroscience © 2012 Federation of European Neuroscience Societies and Blackwell Publishing Ltd.

Intact goal-directed control in treatment-seeking drug users indexed by outcome-devaluation and Pavlovian to instrumental transfer: Critique of habit theory.

PubMed

Hogarth, Lee; Lam-Cassettari, Christa; Pacitti, Helena; Currah, Tara; Mahlberg, Justin; Hartley, Lucie; Moustafa, Ahmed

2018-05-22

Animal studies have demonstrated that chronic exposure to drugs of abuse impairs goal-directed control over action selection indexed by the outcome-devaluation and specific Pavlovian to instrumental transfer procedures, suggesting this impairment might underpin addiction. However, there is currently only weak evidence for impaired goal-directed control in human drug users. Two experiments were undertaken in which treatment-seeking drug users and non-matched normative reference samples (controls) completed outcome-devaluation and specific Pavlovian to instrumental transfer procedures notionally translatable to animal procedures (Experiment 2 used a more challenging biconditional schedule). The two experiments found significant outcome-devaluation and specific Pavlovian to instrumental transfer effects overall and there was no significant difference between groups in the magnitude of these effects. Moreover, Bayes factor supported the null hypothesis for these group comparisons. Although limited by non-matched group comparisons and small sample sizes, the two studies suggest that treatment-seeking drug users have intact goal-directed control over action selection, adding uncertainty to already mixed evidence concerning the role of habit learning in human drug dependence. Neuro-interventions might seek to tackle goal-directed drug-seeking rather than habit formation in drug users. This article is protected by copyright. All rights reserved. This article is protected by copyright. All rights reserved.

COGNITION-EMOTION INTERACTIONS ARE MODULATED BY WORKING MEMORY CAPACITY IN INDIVIDUALS WITH SCHIZOPHRENIA

PubMed Central

Strauss, Gregory P.; Lee, Bern G.; Waltz, James A.; Robinson, Benjamin M.; Brown, Jaime K.; Gold, James M.

2012-01-01

Prior research provides evidence for aberrant cognition-emotion interactions in schizophrenia. In the current study, we aimed to extend these findings by administering the “distractor devaluation” task to 40 individuals with schizophrenia and 32 demographically matched healthy controls. The task consisted of a simple visual search task for neutral faces, followed by an evaluative response made for one of the search items (or a novel item) to determine whether prior attentional selection results in a devaluation of a previously unattended stimulus. We also manipulated working memory demands by preceding the search array with a memory array that required subjects to hold 0, 1, or 2 items in working memory while performing the search array and devaluation task, to determine whether the normative process by which attentional states influence evaluative response is limited by working memory capacity. Results indicated that individuals with schizophrenia demonstrated the typical distractor devaluation effect at working memory load 0, suggesting intact evaluative response. However, the devaluation effect was absent at working memory loads of 1 and 2, suggesting that normal evaluative responses can be abolished in people with schizophrenia when working memory capacity is exceeded. Thus, findings provide further evidence for normal evaluative response in schizophrenia, but clarify that these normal experiences may not hold when working memory demands are too high. PMID:22968207

Foreign currency exchange network topology across the 2008 credit crisis

NASA Astrophysics Data System (ADS)

Sharif, Shamshuritawati; Ap, Nuraisah Che; Ruslan, Nuraimi

2017-05-01

A stable world currency exchange rate is a very important aspect to be considered for a developed country, i.e Malaysia. A better understanding about the currencies itself is needed nowadays. This project is about to understanding the fluctuation and to identify the most influential world currencies in the three different cases; before credit crisis, during credit crisis and after credit crisis. A network topology approach is use to examine the interrelationship between currencies based on correlation analysis. With this point of view, those relationships can be measured by a correlation structure among the currencies. The network can be analyse by filtering the important information using minimum spanning tree (MST) and interpret it using degree centrality as the centrality measure. This topology will give a useful guide to understand the behaviour and determine the most influential currency in the network as a part of a complex system. All currencies are compared among the three different cases; before credit crisis, during credit crisis and after credit crisis period. The result of this project shows that Unites State Dollar (USD), Brazilian Real (BRL), United Kingdom Pound (EUR) and Danish Krone (DKK) are the most influential currencies before the credit crisis period. With respect to during the credit crisis, New Zealand Dollar (NZD) dominates the network and it is followed by Singapore Dollar (SGD) for after the credit crisis period.

48 CFR 28.204-2 - Certified or cashiers checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2012 CFR

2012-10-01

... checks, bank drafts, money orders, or currency. 28.204-2 Section 28.204-2 Federal Acquisition Regulations... Other Security for Bonds 28.204-2 Certified or cashiers checks, bank drafts, money orders, or currency... draft, Post Office money order, or currency, in an amount equal to the penal sum of the bond, instead of...

48 CFR 28.204-2 - Certified or cashiers checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2014 CFR

2014-10-01

... checks, bank drafts, money orders, or currency. 28.204-2 Section 28.204-2 Federal Acquisition Regulations... Other Security for Bonds 28.204-2 Certified or cashiers checks, bank drafts, money orders, or currency... draft, Post Office money order, or currency, in an amount equal to the penal sum of the bond, instead of...

48 CFR 28.204-2 - Certified or cashiers checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2011 CFR

2011-10-01

... checks, bank drafts, money orders, or currency. 28.204-2 Section 28.204-2 Federal Acquisition Regulations... Other Security for Bonds 28.204-2 Certified or cashiers checks, bank drafts, money orders, or currency... draft, Post Office money order, or currency, in an amount equal to the penal sum of the bond, instead of...

48 CFR 28.204-2 - Certified or cashiers checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2013 CFR

2013-10-01

... checks, bank drafts, money orders, or currency. 28.204-2 Section 28.204-2 Federal Acquisition Regulations... Other Security for Bonds 28.204-2 Certified or cashiers checks, bank drafts, money orders, or currency... draft, Post Office money order, or currency, in an amount equal to the penal sum of the bond, instead of...

26 CFR 301.6316-5 - Manner of paying tax by foreign currency.

Code of Federal Regulations, 2010 CFR

2010-04-01

... currency to be deposited shall be that amount which, when converted at the rate of exchange used on the... 26 Internal Revenue 18 2010-04-01 2010-04-01 false Manner of paying tax by foreign currency. 301....6316-5 Manner of paying tax by foreign currency. (a) Time and place to pay. The unpaid tax required to...

75 FR 40007 - Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-07-13

... Rules, only Exchange-Traded Fund Shares, or ETFs, that are traded on a national securities exchange and... that holds a specified non-U.S. currency or currencies deposited with the trust or similar entity when... receive the specified non-U.S. currency or currencies and pays the beneficial owner interest and other...

48 CFR 28.204-2 - Certified or cashiers checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2010 CFR

2010-10-01

... checks, bank drafts, money orders, or currency. 28.204-2 Section 28.204-2 Federal Acquisition Regulations... Other Security for Bonds 28.204-2 Certified or cashiers checks, bank drafts, money orders, or currency... draft, Post Office money order, or currency, in an amount equal to the penal sum of the bond, instead of...

Behavioral modeling of human choices reveals dissociable effects of physical effort and temporal delay on reward devaluation.

PubMed

Klein-Flügge, Miriam C; Kennerley, Steven W; Saraiva, Ana C; Penny, Will D; Bestmann, Sven

2015-03-01

There has been considerable interest from the fields of biology, economics, psychology, and ecology about how decision costs decrease the value of rewarding outcomes. For example, formal descriptions of how reward value changes with increasing temporal delays allow for quantifying individual decision preferences, as in animal species populating different habitats, or normal and clinical human populations. Strikingly, it remains largely unclear how humans evaluate rewards when these are tied to energetic costs, despite the surge of interest in the neural basis of effort-guided decision-making and the prevalence of disorders showing a diminished willingness to exert effort (e.g., depression). One common assumption is that effort discounts reward in a similar way to delay. Here we challenge this assumption by formally comparing competing hypotheses about effort and delay discounting. We used a design specifically optimized to compare discounting behavior for both effort and delay over a wide range of decision costs (Experiment 1). We then additionally characterized the profile of effort discounting free of model assumptions (Experiment 2). Contrary to previous reports, in both experiments effort costs devalued reward in a manner opposite to delay, with small devaluations for lower efforts, and progressively larger devaluations for higher effort-levels (concave shape). Bayesian model comparison confirmed that delay-choices were best predicted by a hyperbolic model, with the largest reward devaluations occurring at shorter delays. In contrast, an altogether different relationship was observed for effort-choices, which were best described by a model of inverse sigmoidal shape that is initially concave. Our results provide a novel characterization of human effort discounting behavior and its first dissociation from delay discounting. This enables accurate modelling of cost-benefit decisions, a prerequisite for the investigation of the neural underpinnings of effort-guided choice and for understanding the deficits in clinical disorders characterized by behavioral inactivity.

Behavioral Modeling of Human Choices Reveals Dissociable Effects of Physical Effort and Temporal Delay on Reward Devaluation

PubMed Central

Klein-Flügge, Miriam C.; Kennerley, Steven W.; Saraiva, Ana C.; Penny, Will D.; Bestmann, Sven

2015-01-01

There has been considerable interest from the fields of biology, economics, psychology, and ecology about how decision costs decrease the value of rewarding outcomes. For example, formal descriptions of how reward value changes with increasing temporal delays allow for quantifying individual decision preferences, as in animal species populating different habitats, or normal and clinical human populations. Strikingly, it remains largely unclear how humans evaluate rewards when these are tied to energetic costs, despite the surge of interest in the neural basis of effort-guided decision-making and the prevalence of disorders showing a diminished willingness to exert effort (e.g., depression). One common assumption is that effort discounts reward in a similar way to delay. Here we challenge this assumption by formally comparing competing hypotheses about effort and delay discounting. We used a design specifically optimized to compare discounting behavior for both effort and delay over a wide range of decision costs (Experiment 1). We then additionally characterized the profile of effort discounting free of model assumptions (Experiment 2). Contrary to previous reports, in both experiments effort costs devalued reward in a manner opposite to delay, with small devaluations for lower efforts, and progressively larger devaluations for higher effort-levels (concave shape). Bayesian model comparison confirmed that delay-choices were best predicted by a hyperbolic model, with the largest reward devaluations occurring at shorter delays. In contrast, an altogether different relationship was observed for effort-choices, which were best described by a model of inverse sigmoidal shape that is initially concave. Our results provide a novel characterization of human effort discounting behavior and its first dissociation from delay discounting. This enables accurate modelling of cost-benefit decisions, a prerequisite for the investigation of the neural underpinnings of effort-guided choice and for understanding the deficits in clinical disorders characterized by behavioral inactivity. PMID:25816114

Currency crises and the evolution of foreign exchange market: Evidence from minimum spanning tree

NASA Astrophysics Data System (ADS)

Jang, Wooseok; Lee, Junghoon; Chang, Woojin

2011-02-01

We examined the time series properties of the foreign exchange market for 1990-2008 in relation to the history of the currency crises using the minimum spanning tree (MST) approach and made several meaningful observations about the MST of currencies. First, around currency crises, the mean correlation coefficient between currencies decreased whereas the normalized tree length increased. The mean correlation coefficient dropped dramatically passing through the Asian crisis and remained at the lowered level after that. Second, the Euro and the US dollar showed a strong negative correlation after 1997, implying that the prices of the two currencies moved in opposite directions. Third, we observed that Asian countries and Latin American countries moved away from the cluster center (USA) passing through the Asian crisis and Argentine crisis, respectively.

What currency do bumble bees maximize?

PubMed

Charlton, Nicholas L; Houston, Alasdair I

2010-08-16

In modelling bumble bee foraging, net rate of energetic intake has been suggested as the appropriate currency. The foraging behaviour of honey bees is better predicted by using efficiency, the ratio of energetic gain to expenditure, as the currency. We re-analyse several studies of bumble bee foraging and show that efficiency is as good a currency as net rate in terms of predicting behaviour. We suggest that future studies of the foraging of bumble bees should be designed to distinguish between net rate and efficiency maximizing behaviour in an attempt to discover which is the more appropriate currency.

What Currency Do Bumble Bees Maximize?

PubMed Central

Charlton, Nicholas L.; Houston, Alasdair I.

2010-01-01

In modelling bumble bee foraging, net rate of energetic intake has been suggested as the appropriate currency. The foraging behaviour of honey bees is better predicted by using efficiency, the ratio of energetic gain to expenditure, as the currency. We re-analyse several studies of bumble bee foraging and show that efficiency is as good a currency as net rate in terms of predicting behaviour. We suggest that future studies of the foraging of bumble bees should be designed to distinguish between net rate and efficiency maximizing behaviour in an attempt to discover which is the more appropriate currency. PMID:20808437

The Impact of the Arab Decision-Makers on the Oil Market

DTIC Science & Technology

1976-03-01

Libya, United Arab Emirates, Nigeria and the Republic of Gabon. The structure of the Organization con- sists of the following six functioning units...are Cut," Middle East Economic Digest, p„ 1238, 26 October 1973. 65 dollar devaluation . They tempered their resolve by saying that this was not a...demand for higher prices but a desire for a share of the greater profits that companies could now 82make as a result of the devaluation . Since the

26 CFR 1.985-2 - Election to use the United States dollar as the functional currency of a QBU.

Code of Federal Regulations, 2010 CFR

2010-04-01

... functional currency of a QBU. 1.985-2 Section 1.985-2 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT... Election to use the United States dollar as the functional currency of a QBU. (a) Background and scope—(1... currency for taxable years beginning on or before August 24, 1994. An election to use a dollar functional...

DOE Office of Scientific and Technical Information (OSTI.GOV)

Burns, Donald A.

A method of detecting counterfeit currency by contacting the currency to be tested with near infrared beams in the spectrum below 1250 namometers, measuring reflectance of the near infrared beams and comparing the reflectance values with those from genuine currency.

Forecasting Inflow and Outflow of Money Currency in East Java Using a Hybrid Exponential Smoothing and Calendar Variation Model

NASA Astrophysics Data System (ADS)

Susanti, Ana; Suhartono; Jati Setyadi, Hario; Taruk, Medi; Haviluddin; Pamilih Widagdo, Putut

2018-03-01

Money currency availability in Bank Indonesia can be examined by inflow and outflow of money currency. The objective of this research is to forecast the inflow and outflow of money currency in each Representative Office (RO) of BI in East Java by using a hybrid exponential smoothing based on state space approach and calendar variation model. Hybrid model is expected to generate more accurate forecast. There are two studies that will be discussed in this research. The first studies about hybrid model using simulation data that contain pattern of trends, seasonal and calendar variation. The second studies about the application of a hybrid model for forecasting the inflow and outflow of money currency in each RO of BI in East Java. The first of results indicate that exponential smoothing model can not capture the pattern calendar variation. It results RMSE values 10 times standard deviation of error. The second of results indicate that hybrid model can capture the pattern of trends, seasonal and calendar variation. It results RMSE values approaching the standard deviation of error. In the applied study, the hybrid model give more accurate forecast for five variables : the inflow of money currency in Surabaya, Malang, Jember and outflow of money currency in Surabaya and Kediri. Otherwise, the time series regression model yields better for three variables : outflow of money currency in Malang, Jember and inflow of money currency in Kediri.

Results of a massive experiment on virtual currency endowments and money demand.

PubMed

Živić, Nenad; Andjelković, Igor; Özden, Tolga; Dekić, Milovan; Castronova, Edward

2017-01-01

We use a 575,000-subject, 28-day experiment to investigate monetary policy in a virtual setting. The experiment tests the effect of virtual currency endowments on player retention and virtual currency demand. An increase in endowments of a virtual currency should lower the demand for the currency in the short run. However, in the long run, we would expect money demand to rise in response to inflation in the virtual world. We test for this behavior in a virtual field experiment in the football management game Top11. 575,000 players were selected at random and allocated to different "shards" or versions of the world. The shards differed only in terms of the initial money endowment offered to new players. Money demand was observed for 28 days as players used real money to purchase additional virtual currency. The results indicate that player money purchases were significantly higher in the shards where higher endowments were given. This suggests that a positive change in the money supply in a virtual context leads to inflation and increased money demand, and does so much more quickly than in real-world economies. Differences between virtual and real currency behavior will become more interesting as virtual currency becomes a bigger part of the real economy.

Results of a massive experiment on virtual currency endowments and money demand

PubMed Central

Živić, Nenad; Andjelković, Igor; Özden, Tolga; Dekić, Milovan

2017-01-01

We use a 575,000-subject, 28-day experiment to investigate monetary policy in a virtual setting. The experiment tests the effect of virtual currency endowments on player retention and virtual currency demand. An increase in endowments of a virtual currency should lower the demand for the currency in the short run. However, in the long run, we would expect money demand to rise in response to inflation in the virtual world. We test for this behavior in a virtual field experiment in the football management game Top11. 575,000 players were selected at random and allocated to different “shards” or versions of the world. The shards differed only in terms of the initial money endowment offered to new players. Money demand was observed for 28 days as players used real money to purchase additional virtual currency. The results indicate that player money purchases were significantly higher in the shards where higher endowments were given. This suggests that a positive change in the money supply in a virtual context leads to inflation and increased money demand, and does so much more quickly than in real-world economies. Differences between virtual and real currency behavior will become more interesting as virtual currency becomes a bigger part of the real economy. PMID:29045494

Triggering Avoidance: Dissociable Influences of Aversive Pavlovian Conditioned Stimuli on Human Instrumental Behavior.

PubMed

Garofalo, Sara; Robbins, Trevor W

2017-01-01

The present study investigates human aversive Pavlovian-to-Instrumental Transfer (PIT) and possible influences of outcome devaluation and instrumental overtraining on this effect. PIT measures the extent to which a Pavlovian conditioned stimulus (CS) can increase instrumental responses independently paired with the same (outcome-specific transfer) or a different (general transfer) reinforcer. Two measures of PIT were obtained: the percentage of instrumental responses and the vigor of such responses. Thirty-eight volunteers performed a standard PIT task sequence. Results showed a double dissociation between outcome-specific and general transfer: the first selectively expressed in the amount of responses, the second in the vigor measure solely. Furthermore, outcome-specific transfer was enhanced by overtraining, but not affected by devaluation. General transfer, on the other hand, was affected by neither overtraining, nor devaluation. A positive correlation between general transfer and sensitivity to punishments was found. Findings are discussed in terms of hypothetically different underlying neurobehavioral mechanisms and their relations to habits and goal-directed behavior.

Localized disruption of Narp in medial prefrontal cortex blocks reinforcer devaluation performance

PubMed Central

Johnson, Alexander W.; Han, Sungho; Blouin, Ashley M.; Saini, Jasjit; Worley, Paul F.; During, Matthew J.; Holland, Peter C.; Baraban, Jay M.; Reti, Irving M.

2010-01-01

Neuronal activity regulated pentraxin (Narp) is a secreted protein that regulates α-amino-3-hydroxyl-5-methyl-4-isoxazole-propionate receptors (AMPAR) aggregation and synaptogenesis. Mapping of Narp-positive neurons in brain has revealed it is prominently expressed in several limbic system projection pathways. Consistent with this localization pattern, Narp knockout mice show deficits in using the current value of a reinforcer to guide behavior, a critical function of the limbic system. To help assess whether this behavioral deficit is due to impairment of synaptogenesis during development or in modulating synaptic signaling in the mature brain, we have used a dominant negative Narp viral construct which blocks trafficking of endogenous Narp to axons. Focal injection of this viral construct into the medial prefrontal cortex (mPFC) of adult mice, a region containing Narp-positive projection neurons, blocked reinforcer devaluation. Thus, these results indicate that Narp released from mPFC neurons plays a key role in mediating synaptic changes underlying instrumental reinforcer devaluation. PMID:21127001

An improved shuffled frog leaping algorithm based evolutionary framework for currency exchange rate prediction

NASA Astrophysics Data System (ADS)

Dash, Rajashree

2017-11-01

Forecasting purchasing power of one currency with respect to another currency is always an interesting topic in the field of financial time series prediction. Despite the existence of several traditional and computational models for currency exchange rate forecasting, there is always a need for developing simpler and more efficient model, which will produce better prediction capability. In this paper, an evolutionary framework is proposed by using an improved shuffled frog leaping (ISFL) algorithm with a computationally efficient functional link artificial neural network (CEFLANN) for prediction of currency exchange rate. The model is validated by observing the monthly prediction measures obtained for three currency exchange data sets such as USD/CAD, USD/CHF, and USD/JPY accumulated within same period of time. The model performance is also compared with two other evolutionary learning techniques such as Shuffled frog leaping algorithm and Particle Swarm optimization algorithm. Practical analysis of results suggest that, the proposed model developed using the ISFL algorithm with CEFLANN network is a promising predictor model for currency exchange rate prediction compared to other models included in the study.

Time series regression and ARIMAX for forecasting currency flow at Bank Indonesia in Sulawesi region

NASA Astrophysics Data System (ADS)

Suharsono, Agus; Suhartono, Masyitha, Aulia; Anuravega, Arum

2015-12-01

The purpose of the study is to forecast the outflow and inflow of currency at Indonesian Central Bank or Bank Indonesia (BI) in Sulawesi Region. The currency outflow and inflow data tend to have a trend pattern which is influenced by calendar variation effects. Therefore, this research focuses to apply some forecasting methods that could handle calendar variation effects, i.e. Time Series Regression (TSR) and ARIMAX models, and compare the forecast accuracy with ARIMA model. The best model is selected based on the lowest of Root Mean Squares Errors (RMSE) at out-sample dataset. The results show that ARIMA is the best model for forecasting the currency outflow and inflow at South Sulawesi. Whereas, the best model for forecasting the currency outflow at Central Sulawesi and Southeast Sulawesi, and for forecasting the currency inflow at South Sulawesi and North Sulawesi is TSR. Additionally, ARIMAX is the best model for forecasting the currency outflow at North Sulawesi. Hence, the results show that more complex models do not neccessary yield more accurate forecast than the simpler one.

DOE Office of Scientific and Technical Information (OSTI.GOV)

Burns, D.A.

A method is disclosed of detecting counterfeit currency by contacting the currency to be tested with near infrared beams in the spectrum below 1,250 nanometers, measuring reflectance of the near infrared beams and comparing the reflectance values with those from genuine currency. 18 figs.

China’s Currency: A Summary of the Economic Issues

DTIC Science & Technology

2007-07-11

officials argue that its currency policy is not meant to favor exports over imports, but instead to foster economic stability through currency...would have on farmers (due to lower-priced imports). Chinese officials view economic stability as CRS-3 2 U.S. production has moved away from...they want to proceed at a gradual pace to ensure economic stability . Implications of China’s Currency Policy for its Economy If the yuan is undervalued

Gold, currencies and market efficiency

NASA Astrophysics Data System (ADS)

Kristoufek, Ladislav; Vosvrda, Miloslav

2016-05-01

Gold and currency markets form a unique pair with specific interactions and dynamics. We focus on the efficiency ranking of gold markets with respect to the currency of purchase. By utilizing the Efficiency Index (EI) based on fractal dimension, approximate entropy and long-term memory on a wide portfolio of 142 gold price series for different currencies, we construct the efficiency ranking based on the extended EI methodology we provide. Rather unexpected results are uncovered as the gold prices in major currencies lay among the least efficient ones whereas very minor currencies are among the most efficient ones. We argue that such counterintuitive results can be partly attributed to a unique period of examination (2011-2014) characteristic by quantitative easing and rather unorthodox monetary policies together with the investigated illegal collusion of major foreign exchange market participants, as well as some other factors discussed in some detail.

28 CFR 8.5 - Custody.

Code of Federal Regulations, 2014 CFR

2014-07-01

..., to the extent practicable, seized foreign currency and negotiable instruments) must be deposited... potential evidentiary significance of the currency is being determined by scientific testing or otherwise... necessary while the potential evidentiary significance of the currency is being determined by scientific...

28 CFR 8.5 - Custody.

Code of Federal Regulations, 2013 CFR

2013-07-01

..., to the extent practicable, seized foreign currency and negotiable instruments) must be deposited... potential evidentiary significance of the currency is being determined by scientific testing or otherwise... necessary while the potential evidentiary significance of the currency is being determined by scientific...

12 CFR 1750.2 - Definitions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Mortgage Corporation and any affiliate thereof. Foreign exchange rate contracts— (1) Means cross-currency interest rate swaps, forward foreign exchange contracts, currency options purchased (including currency... less and foreign exchange rate contracts traded on exchanges that require daily payment of variation...

Foreign Currency Exchange Problems Relating to the Book Trade

ERIC Educational Resources Information Center

Moran, Michael

1973-01-01

In the purchase of books from foreign countries, the basic problem with regard to currency is to decide which currency will be used in these transactions, and how to reach agreement with vendors on this point. (11 references) (Author)

77 FR 47118 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Foreign...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-08-07

... for OMB Review; Comment Request; Foreign Currency Transactions Prohibited Transaction Class Exemption... Administration (EBSA) sponsored information collection request (ICR) titled, ``Foreign Currency Transactions...). SUPPLEMENTARY INFORMATION: The Foreign Currency Transactions Prohibited Transaction Class Exemption permits...

49 CFR 583.14 - Currency conversion rate.

Code of Federal Regulations, 2013 CFR

2013-10-01

... 49 Transportation 7 2013-10-01 2013-10-01 false Currency conversion rate. 583.14 Section 583.14 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED) AUTOMOBILE PARTS CONTENT LABELING § 583.14 Currency...

49 CFR 583.14 - Currency conversion rate.

Code of Federal Regulations, 2011 CFR

2011-10-01

... 49 Transportation 7 2011-10-01 2011-10-01 false Currency conversion rate. 583.14 Section 583.14 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED) AUTOMOBILE PARTS CONTENT LABELING § 583.14 Currency...

49 CFR 583.14 - Currency conversion rate.

Code of Federal Regulations, 2012 CFR

2012-10-01

... 49 Transportation 7 2012-10-01 2012-10-01 false Currency conversion rate. 583.14 Section 583.14 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED) AUTOMOBILE PARTS CONTENT LABELING § 583.14 Currency...

49 CFR 583.14 - Currency conversion rate.

Code of Federal Regulations, 2010 CFR

2010-10-01

... 49 Transportation 7 2010-10-01 2010-10-01 false Currency conversion rate. 583.14 Section 583.14 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED) AUTOMOBILE PARTS CONTENT LABELING § 583.14 Currency...

49 CFR 583.14 - Currency conversion rate.

Code of Federal Regulations, 2014 CFR

2014-10-01

... 49 Transportation 7 2014-10-01 2014-10-01 false Currency conversion rate. 583.14 Section 583.14 Transportation Other Regulations Relating to Transportation (Continued) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED) AUTOMOBILE PARTS CONTENT LABELING § 583.14 Currency...

Money is essential: ownership intuitions are linked to physical currency.

PubMed

Uhlmann, Eric Luis; Lei Zhu, Luke

2013-05-01

Due to basic processes of psychological essentialism and contagion, one particular token of monetary currency is not always interchangeable with another piece of currency of equal economic value. When money loses its physical form it is perceived as "not quite the same" money (i.e., to have partly lost the original essence that distinguished it from other monetary tokens), diminishing its intuitive link with its original owner. Participants were less likely to recommend stolen or lost money be returned when it had been subsequently deposited in an electronic bank account, as opposed to retaining its original physical form (Studies 1a and 1b). Conversely, an intuitive sense of ownership is enhanced through physical contact with a piece of hard currency. Participants felt the piece of currency a person had originally lost should be returned to him rather than another piece of currency of equivalent value, even when they did not believe he would be able to tell the difference and considered distinguishing it from other money illogical. This effect was reduced when the currency had been sterilized, wiping it clean of all physical traces of its previous owner (Studies 2a, 2b, and 3). Copyright © 2013 Elsevier B.V. All rights reserved.

76 FR 16477 - Proposed Information Collection; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2011-03-23

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Proposed Information Collection; Comment Request AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice... all written comments to: Communications Division, Office of the Comptroller of the Currency, Mailstop...

76 FR 60128 - Proposed Information Collection; Submission for OMB Review

Federal Register 2010, 2011, 2012, 2013, 2014

2011-09-28

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Proposed Information Collection; Submission for OMB Review AGENCY: Office of the Comptroller of the Currency (OCC), Treasury... should direct all written comments to: Communications Division, Office of the Comptroller of the Currency...

76 FR 27174 - Submission for OMB Review; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2011-05-10

... U.S. persons. The information will be used in the computation of the U.S. balance of payments... currently approved collection. Title: Monthly Consolidated Foreign Currency Report of Major Market... futures purchased and sold; foreign currency options and net delta equivalent value; foreign currency...

76 FR 62498 - Proposed Information Collection; Submission for OMB Review

Federal Register 2010, 2011, 2012, 2013, 2014

2011-10-07

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Proposed Information Collection; Submission for OMB Review AGENCY: Office of the Comptroller of the Currency (OCC), Treasury... written comments to: Communications Division, Office of the Comptroller of the Currency, Mailstop 2-3...

19 CFR 351.415 - Conversion of currency.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 19 Customs Duties 3 2010-04-01 2010-04-01 false Conversion of currency. 351.415 Section 351.415 Customs Duties INTERNATIONAL TRADE ADMINISTRATION, DEPARTMENT OF COMMERCE ANTIDUMPING AND COUNTERVAILING... Conversion of currency. (a) In general. In an antidumping proceeding, the Secretary will convert foreign...

19 CFR 351.415 - Conversion of currency.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 19 Customs Duties 3 2011-04-01 2011-04-01 false Conversion of currency. 351.415 Section 351.415 Customs Duties INTERNATIONAL TRADE ADMINISTRATION, DEPARTMENT OF COMMERCE ANTIDUMPING AND COUNTERVAILING... Conversion of currency. (a) In general. In an antidumping proceeding, the Secretary will convert foreign...

Identity-Specific Reward Representations in Orbitofrontal Cortex Are Modulated by Selective Devaluation

PubMed Central

Howard, James D.

2017-01-01

Goal-directed behavior is sensitive to the current value of expected outcomes. This requires independent representations of specific rewards, which have been linked to orbitofrontal cortex (OFC) function. However, the mechanisms by which the human brain updates specific goals on the fly, and translates those updates into choices, have remained unknown. Here we implemented selective devaluation of appetizing food odors in combination with pattern-based neuroimaging and a decision-making task. We found that in a hungry state, participants chose to smell high-intensity versions of two value-matched food odor rewards. After eating a meal corresponding to one of the two odors, participants switched choices toward the low intensity of the sated odor but continued to choose the high intensity of the nonsated odor. This sensory-specific behavioral effect was mirrored by pattern-based changes in fMRI signal in lateral posterior OFC, where specific reward identity representations were altered after the meal for the sated food odor but retained for the nonsated counterpart. In addition, changes in functional connectivity between the OFC and general value coding in ventromedial prefrontal cortex (vmPFC) predicted individual differences in satiety-related choice behavior. These findings demonstrate how flexible representations of specific rewards in the OFC are updated by devaluation, and how functional connections to vmPFC reflect the current value of outcomes and guide goal-directed behavior. SIGNIFICANCE STATEMENT The orbitofrontal cortex (OFC) is critical for goal-directed behavior. A recent proposal is that OFC fulfills this function by representing a variety of state and task variables (“cognitive maps”), including a conjunction of expected reward identity and value. Here we tested how identity-specific representations of food odor reward are updated by satiety. We found that fMRI pattern-based signatures of reward identity in lateral posterior OFC were modulated after selective devaluation, and that connectivity between this region and general value coding ventromedial prefrontal cortex (vmPFC) predicted choice behavior. These results provide evidence for a mechanism by which devaluation modulates a cognitive map of expected reward in OFC and thereby alters general value signals in vmPFC to guide goal-directed behavior. PMID:28159906

Configuring calendar variation based on time series regression method for forecasting of monthly currency inflow and outflow in Central Java

NASA Astrophysics Data System (ADS)

Setiawan, Suhartono, Ahmad, Imam Safawi; Rahmawati, Noorgam Ika

2015-12-01

Bank Indonesia (BI) as the central bank of Republic Indonesiahas a single overarching objective to establish and maintain rupiah stability. This objective could be achieved by monitoring traffic of inflow and outflow money currency. Inflow and outflow are related to stock and distribution of money currency around Indonesia territory. It will effect of economic activities. Economic activities of Indonesia,as one of Moslem country, absolutely related to Islamic Calendar (lunar calendar), that different with Gregorian calendar. This research aims to forecast the inflow and outflow money currency of Representative Office (RO) of BI Semarang Central Java region. The results of the analysis shows that the characteristics of inflow and outflow money currency influenced by the effects of the calendar variations, that is the day of Eid al-Fitr (moslem holyday) as well as seasonal patterns. In addition, the period of a certain week during Eid al-Fitr also affect the increase of inflow and outflow money currency. The best model based on the value of the smallestRoot Mean Square Error (RMSE) for inflow data is ARIMA model. While the best model for predicting the outflow data in RO of BI Semarang is ARIMAX model or Time Series Regression, because both of them have the same model. The results forecast in a period of 2015 shows an increase of inflow money currency happened in August, while the increase in outflow money currency happened in July.

Topology of the correlation networks among major currencies using hierarchical structure methods

NASA Astrophysics Data System (ADS)

Keskin, Mustafa; Deviren, Bayram; Kocakaplan, Yusuf

2011-02-01

We studied the topology of correlation networks among 34 major currencies using the concept of a minimal spanning tree and hierarchical tree for the full years of 2007-2008 when major economic turbulence occurred. We used the USD (US Dollar) and the TL (Turkish Lira) as numeraires in which the USD was the major currency and the TL was the minor currency. We derived a hierarchical organization and constructed minimal spanning trees (MSTs) and hierarchical trees (HTs) for the full years of 2007, 2008 and for the 2007-2008 period. We performed a technique to associate a value of reliability to the links of MSTs and HTs by using bootstrap replicas of data. We also used the average linkage cluster analysis for obtaining the hierarchical trees in the case of the TL as the numeraire. These trees are useful tools for understanding and detecting the global structure, taxonomy and hierarchy in financial data. We illustrated how the minimal spanning trees and their related hierarchical trees developed over a period of time. From these trees we identified different clusters of currencies according to their proximity and economic ties. The clustered structure of the currencies and the key currency in each cluster were obtained and we found that the clusters matched nicely with the geographical regions of corresponding countries in the world such as Asia or Europe. As expected the key currencies were generally those showing major economic activity.

Value and probability coding in a feedback-based learning task utilizing food rewards.

PubMed

Tricomi, Elizabeth; Lempert, Karolina M

2015-01-01

For the consequences of our actions to guide behavior, the brain must represent different types of outcome-related information. For example, an outcome can be construed as negative because an expected reward was not delivered or because an outcome of low value was delivered. Thus behavioral consequences can differ in terms of the information they provide about outcome probability and value. We investigated the role of the striatum in processing probability-based and value-based negative feedback by training participants to associate cues with food rewards and then employing a selective satiety procedure to devalue one food outcome. Using functional magnetic resonance imaging, we examined brain activity related to receipt of expected rewards, receipt of devalued outcomes, omission of expected rewards, omission of devalued outcomes, and expected omissions of an outcome. Nucleus accumbens activation was greater for rewarding outcomes than devalued outcomes, but activity in this region did not correlate with the probability of reward receipt. Activation of the right caudate and putamen, however, was largest in response to rewarding outcomes relative to expected omissions of reward. The dorsal striatum (caudate and putamen) at the time of feedback also showed a parametric increase correlating with the trialwise probability of reward receipt. Our results suggest that the ventral striatum is sensitive to the motivational relevance, or subjective value, of the outcome, while the dorsal striatum codes for a more complex signal that incorporates reward probability. Value and probability information may be integrated in the dorsal striatum, to facilitate action planning and allocation of effort. Copyright © 2015 the American Physiological Society.

Nicotine enhancement and reinforcer devaluation: Interaction with opioid receptors.

PubMed

Kirshenbaum, Ari P; Suhaka, Jesse A; Phillips, Jessie L; Voltolini de Souza Pinto, Maiary

In rats, nicotine enhances responding maintained by non-pharmacological reinforcers, and discontinuation of nicotine devalues those same reinforcers. The goal of this study was to assess the interaction of nicotine and opioid receptors and to evaluate the degree to which nicotine enhancement and nicotine-induced devaluation are related to opioid activation. Nicotine (0.4mg/kg), or nicotine plus naloxone (0.3 or 3.0mg/kg), was delivered to rats prior to progressive ratio (PR) schedule sessions in which sucrose was used as a reinforcer. PR-schedule responding was assessed during ten daily sessions of drug delivery, and for three post-dosing days/sessions. Control groups for this investigation included a saline-only condition, and naloxone-only (0.3 or 3.0mg/kg) conditions. When administered in conjunction with nicotine, both naloxone doses attenuated nicotine enhancement of the sucrose reinforcer, and the combination of the larger dose of naloxone (3.0mg/kg) with nicotine produced significant impairments in sucrose reinforced responding. When administered alone, neither dose of naloxone (0.3 & 3.0mg/kg) significantly altered responding in comparison to saline. Furthermore, when dosing was discontinued after ten once-daily doses, all nicotine groups (nicotine-only and nicotine+naloxone combination) demonstrated significant decreases in sucrose reinforcement compared to the saline group. Although opioid antagonism attenuated reinforcement enhancement by nicotine, it did not prevent reinforcer devaluation upon discontinuation of nicotine dosing, and the higher dose of naloxone (3.0mg/kg) produced decrements upon discontinuation on its own in the absence of nicotine. Copyright © 2016 Elsevier Inc. All rights reserved.

78 FR 24804 - Agency Information Collection Activities; Proposed Information Collection; Comment Request...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-04-26

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection...: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment...: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention: 1557...

77 FR 69546 - Agency Information Collection Activities; Information Collection Renewal; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2012-11-19

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... Currency (OCC), Treasury. ACTION: Joint notice and request for comment. SUMMARY: In accordance with the... 18, 2013. ADDRESSES: Communications Division, Office of the Comptroller of the Currency, Public...

12 CFR 220.3 - General provisions.

Code of Federal Regulations, 2010 CFR

2010-01-01

... when cash or securities are used for purposes of meeting requirements in another account. (2... corrective action. (i) Foreign currency. (1) Freely convertible foreign currency may be treated at its U.S. dollar equivalent, provided the currency is marked-to-market daily. (2) A creditor may extend credit...

19 CFR 159.34 - Certified quarterly rate.

Code of Federal Regulations, 2010 CFR

2010-04-01

... TREASURY (CONTINUED) LIQUIDATION OF DUTIES Conversion of Foreign Currency § 159.34 Certified quarterly rate. (a) Countries for which quarterly rate is certified. For the currency of each of the following... York for such foreign currency for a day in that quarter: Australia, Austria, Belgium, Brazil, Canada...

Effects of systemic cholinergic antagonism on reinforcer devaluation in macaques.

PubMed

Waguespack, Hannah F; Málková, Ludise; Forcelli, Patrick A; Turchi, Janita

2018-06-21

The capacity to adjust actions based on new information is a vital cognitive function. An animal's ability to adapt behavioral responses according to changes in reward value can be measured using a reinforcer devaluation task, wherein the desirability of a given object is reduced by decreasing the value of the associated food reinforcement. Elements of the neural circuits serving this ability have been studied in both rodents and nonhuman primates. Specifically, the basolateral amygdala, orbitofrontal cortex, nucleus accumbens, and mediodorsal thalamus have each been shown to play a critical role in the process of value updating, required for adaptive goal selection. As these regions receive dense cholinergic input, we investigated whether systemic injections of non-selective nicotinic or muscarinic acetylcholine receptor antagonists, mecamylamine and scopolamine, respectively, would impair performance on a reinforcer devaluation task. Here we demonstrate that in the presence of either a nicotinic or muscarinic antagonist, animals are able to shift their behavioral responses in an appropriate manner, suggesting that disruption of cholinergic neuromodulation is not sufficient to disrupt value updating, and subsequent goal selection, in rhesus macaques. Published by Elsevier B.V.

Suppressing memories of words and familiar objects results in their affective devaluation: Evidence from Think/No-think tasks.

PubMed

De Vito, David; Fenske, Mark J

2017-05-01

Potentially distracting or otherwise-inappropriate stimuli, thoughts, or actions often must be inhibited to prevent interference with goal-directed behaviour. Growing evidence suggests that the impact of inhibition is not limited to reduced neurocognitive processing, but also includes negative affective consequences for any associated stimuli. The link between inhibition and aversive response has primarily been studied using tasks involving attentional- or response-related inhibition of external sensory stimuli. Here we show that affective devaluation also occurs when inhibition is applied to fully-encoded stimulus representations in memory. We first replicated prior findings of increased forgetting of words whose memories were suppressed in a Think/No-think procedure (Experiment 1). Incorporating a stimulus-evaluation task within this procedure revealed that suppressing memories of words (Experiment 2) and visual objects (Experiment 3) also results in their affective devaluation. Given the critical role of memory for guiding thoughts and actions, these results suggest that the affective consequences of inhibition may occur across a far broader range of situations than previously understood. Copyright © 2017 Elsevier B.V. All rights reserved.

48 CFR 52.225-17 - Evaluation of Foreign Currency Offers.

Code of Federal Regulations, 2010 CFR

2010-10-01

... 48 Federal Acquisition Regulations System 2 2010-10-01 2010-10-01 false Evaluation of Foreign Currency Offers. 52.225-17 Section 52.225-17 Federal Acquisition Regulations System FEDERAL ACQUISITION... Clauses 52.225-17 Evaluation of Foreign Currency Offers. As prescribed in 25.1103(c), insert the following...

12 CFR 4.2 - Office of the Comptroller of the Currency.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Section 4.2 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY ORGANIZATION AND... RESTRICTIONS FOR SENIOR EXAMINERS Organization and Functions § 4.2 Office of the Comptroller of the Currency... denying applications for new charters or for changes in corporate or banking structure; approving or...

75 FR 20883 - Agency Information Collection Activities: Proposed Information Collection; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2010-04-21

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... Currency (OCC), Treasury. ACTION: Notice and request for comment. SUMMARY: The OCC, as part of its... Currency, Mailstop 2-3, Attention: 1557-0190, 250 E Street, SW., Washington, DC 20219. In addition...

77 FR 47163 - Agency Information Collection Activities; Submission for OMB Review; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2012-08-07

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities; Submission for OMB Review; Comment Request AGENCY: Office of the Comptroller of the Currency (OCC... Currency, Public Information Room, Mailstop 2-3, Attention: 1557-0180, 250 E Street SW., Washington, DC...

29 CFR 15.23 - Restrictions on certain claims.

Code of Federal Regulations, 2010 CFR

2010-07-01

... restrictions noted: (a) Money or currency. Claims may be allowed for loss of money or currency (which includes... currency is limited to an amount which is determined to have been reasonable for the claimant to have had... motor vehicles were required to be used for official Government business (official Government business...

77 FR 37475 - Agency Information Collection Activities: Proposed Information Collection; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2012-06-21

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... Currency (OCC), Treasury. ACTION: Notice and request for comment. SUMMARY: The OCC, as part of its... the Comptroller of the Currency, Mailstop 2-3, Attention: 1557-0232, 250 E Street SW., Washington, DC...

75 FR 4891 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-01-29

... Rule Change Regarding Market Maker Trading Licenses for Foreign Currency Options January 22, 2010... proposes to amend its Rule 2213 regarding market maker trading licenses for the Exchange's foreign currency... its rules regarding Foreign Currency Options (``FX Options'') \\5\\ traded on the Exchange. Specifically...

78 FR 26113 - Information Collection Renewal; Comment Request; Transfer Agent Registration and Amendment Form

Federal Register 2010, 2011, 2012, 2013, 2014

2013-05-03

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL DEPOSIT INSURANCE... AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; and Federal Deposit Insurance... Activities Division, Office of the Comptroller of the Currency, Attention: 1557-0124, 400 7th Street SW...

19 CFR 159.36 - Multiple certified rates.

Code of Federal Regulations, 2010 CFR

2010-04-01

... multiple rates have been certified for a foreign currency, the rate to be used for Customs purposes shall... TREASURY (CONTINUED) LIQUIDATION OF DUTIES Conversion of Foreign Currency § 159.36 Multiple certified rates... rates of exchange (e.g., official and free) for a foreign currency: (a) Rates to be published. When the...

78 FR 43275 - Agency Information Collection Activities; Submission for Office of Management and Budget Review...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-07-19

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL DEPOSIT INSURANCE... Currency (OCC), Treasury; and Federal Deposit Insurance Corporation (FDIC) . ACTION: Notice and Request for Comment. SUMMARY: The Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance...

76 FR 72497 - Agency Information Collection Activities: Proposed Collection; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2011-11-23

... DEPARTMENT OF THE TREASURY Office of The Comptroller of The Currency FEDERAL RESERVE SYSTEM...; Comment Request AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of.... OCC: Communications Division, Office of the Comptroller of the Currency, Mailstop 2-3, Attention: 1557...

26 CFR 1.1273-2 - Determination of issue price and issue date.

Code of Federal Regulations, 2010 CFR

2010-04-01

... (a), money includes functional currency and, in certain circumstances, nonfunctional currency. See § 1.988-2(b)(2) for circumstances when nonfunctional currency is treated as money rather than as... debt instruments in the issue is sold for money. (b) Publicly traded debt instruments issued for...

Start Where Your Students Are

ERIC Educational Resources Information Center

Jackson, Robyn R.

2010-01-01

Starting where your students are means understanding how currencies are negotiated and traded in the classroom. Any behavior that students use to acquire the knowledge and skills needed in the classroom functions as currency. Teachers communicate the kinds of currencies they accept in their classrooms, such as getting good grades; students do…

26 CFR 1.1274-4 - Test rate.

Code of Federal Regulations, 2010 CFR

2010-04-01

... any possible payment schedule. (d) Foreign currency loans. If all of the payments of a debt instrument are denominated in, or determined by reference to, a currency other than the U.S. dollar, the applicable Federal rate for the debt instrument is a foreign currency rate of interest that is analogous to...

26 CFR 1.1274-1 - Debt instruments to which section 1274 applies.

Code of Federal Regulations, 2010 CFR

2010-04-01

..., see sections 404 and 467. For purposes of this paragraph (a), money includes functional currency and, in certain circumstances, nonfunctional currency. See § 1.988-2(b)(2) for circumstances when nonfunctional currency is treated as money rather than as property. (b) Exceptions—(1) Debt instrument with...

31 CFR 1024.310 - Reports of transactions in currency.

Code of Federal Regulations, 2011 CFR

2011-07-01

... (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR MUTUAL FUNDS Reports Required To Be Made By Mutual Funds § 1024.310 Reports of transactions in currency. The reports of transactions in currency requirements for mutual funds are located in subpart C of part 1010 of this chapter...

17 CFR 230.251 - Scope of exemption.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 17 Commodity and Securities Exchanges 2 2011-04-01 2011-04-01 false Scope of exemption. 230.251 Section 230.251 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION GENERAL RULES AND... received in a foreign currency shall be translated into United States currency at a currency exchange rate...

Evolutionary Topology of a Currency Network in Asia

NASA Astrophysics Data System (ADS)

Feng, Xiaobing; Wang, Xiaofan

Although recently there are extensive research on currency network using minimum spanning trees approach, the knowledge about the actual evolution of a currency web in Asia is still limited. In the paper, we study the structural evolution of an Asian network using daily exchange rate data. It was found that the correlation between Asian currencies and US Dollar, the previous regional key currency has become weaker and the intra-Asia interactions have increased. This becomes more salient after the exchange rate reform of China. Different from the previous studies, we further reveal that it is the trade volume, national wealth gap and countries growth cycle that has contributed to the evolutionary topology of the minimum spanning tree. These findings provide a valuable platform for theoretical modeling and further analysis.

78 FR 44393 - Semiannual Agenda of Regulations

Federal Register 2010, 2011, 2012, 2013, 2014

2013-07-23

... Covered Swap Entities (3064-AD79) The Office of the Comptroller of the Currency, the Board of Governors of... (3064-AD85) On November 7, 2011, the Office of the Comptroller of the Currency, the Board of Governors...-AD86) The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve...

75 FR 38175 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2010-07-01

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Submission for OMB Review; Comment Request AGENCY: Office of the Comptroller of the Currency (OCC...: Communications Division, Office of the Comptroller of the Currency, Mailstop 2-3, Attention: 1557-0190, 250 E...

77 FR 56911 - Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review

Federal Register 2010, 2011, 2012, 2013, 2014

2012-09-14

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... the Currency (OCC), Treasury. ACTION: Notice and request for comment. SUMMARY: The OCC, as part of its... the Currency, Mailstop 2-3, Attention: 1557-0232, 250 E Street SW., Washington, DC 20219. In addition...

75 FR 17805 - Self-Regulatory Organizations; the Options Clearing Corporation; Notice of Filing of Proposed...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-04-07

...-Settled Foreign Currency Options With One-Cent Exercise Prices April 1, 2010. Pursuant to Section 19(b)(1... currency options traded on national securities exchanges will be treated and cleared as securities options...- settled foreign currency options traded on national securities exchanges will be treated and cleared as...

24 CFR 17.44 - Restrictions on certain claims.

Code of Federal Regulations, 2010 CFR

2010-04-01

... are only allowable subject to the restrictions noted: (a) Money or currency. Claims may be allowed for loss of money or currency only when lost incident to fire, flood, hurricane, other natural disaster, or... for loss of money or currency is limited to an amount which is determined to have been reasonable for...

31 CFR 103.27 - Filing of reports.

Code of Federal Regulations, 2010 CFR

2010-07-01

... REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Reports Required To Be Made § 103.27 Filing of reports. (a)(1... report required by § 103.23(b) shall be filed within 15 days after receipt of the currency or other.... Reports required by § 103.23(a) for currency or other monetary instruments not physically accompanying a...

78 FR 20981 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-04-08

... amend Phlx Rule 1079 (FLEX Index, Equity and Currency Options) to extend a pilot program that eliminates...\\ \\3\\ In addition to FLEX Options, FLEX currency options are also traded on the Exchange. These flexible index, equity, and currency options provide investors the ability to customize basic option...

78 FR 60376 - Agency Information Collection Activities; Information Collection Renewal; Submission for OMB...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-10-01

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL DEPOSIT INSURANCE... Reputation Risks AGENCY: Office of the Comptroller of the Currency, Treasury (OCC); Federal Deposit Insurance..., Office of the Comptroller of the Currency, Attention: 1557-0246, 400 7th Street SW., Suite 3E-218, Mail...

77 FR 54808 - Integrated Hedging Transactions of Qualifying Debt

Federal Register 2010, 2011, 2012, 2013, 2014

2012-09-06

... integrated transactions that involve a foreign currency denominated debt instrument and multiple associated... currency). See Sec. 1.988-5(a)(9). A qualified hedging transaction is an integrated economic transaction...) regardless of its denominated currency. See Sec. 1.988-5(a)(3). A Sec. 1.988-5(a) hedge is a spot contract...

14 CFR 1261.105 - Unallowable claims.

Code of Federal Regulations, 2010 CFR

2010-01-01

... were not assigned to claimant or provided in kind by the United States. (b) Money or currency. Claims may not be allowed for loss of money or currency, except when lost incident to fire, flood, hurricane... of money or currency is limited to an amount which is determined reasonable to have been in the...

77 FR 5250 - Agency Information Collection Activities: Submission for OMB Review; Joint Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2012-02-02

... DEPARTMENT OF THE TREASURY Office of The Comptroller of the Currency Federal Reserve System...; Joint Comment Request AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury; Board of... the Comptroller of the Currency, Mailstop 2-3, Attention: 1557-0100, 250 E Street SW., Washington, DC...

77 FR 27858 - Agency Information Collection Activities; Renewal of a Currently Approved Collection; Comment...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-05-11

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... the Currency (OCC). ACTION: Notice and request for comments. SUMMARY: The OCC, as part of its... the Comptroller of the Currency, Public Information Room, Mailstop 2-3, Attention: 1557-0180, 250 E...

77 FR 20867 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-04-06

... Index, Equity and Currency Options) to extend a pilot program that eliminates minimum value sizes for... FLEX Options, FLEX currency options are also traded on the Exchange. These flexible index, equity, and currency options provide investors the ability to customize basic option features including size...

76 FR 67512 - Self-Regulatory Organizations; Chicago Mercantile Exchange, Inc.; Notice of Filing and Order...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-11-01

... changes amend current CME rules to expand its cleared-only, foreign currency (``FX'') swaps offering to support the introduction of (1) Twenty-six new foreign FX currency derivatives for over-the counter (``OTC'') cash settlement; and (2) eleven new FX non- deliverable forward transaction currency pairs for...

77 FR 33796 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-06-07

... Index, Equity and Currency Options) to extend a pilot program that eliminates minimum value sizes for... FLEX Options, FLEX currency options are also traded on the Exchange. These flexible index, equity, and currency options provide investors the ability to customize basic option features including size...

75 FR 57098 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-09-17

.... \\3\\ In addition to FLEX Options, FLEX currency options are also traded on the Exchange. These flexible index, equity, and currency options provide investors the ability to customize basic option... expiration dates within five years. See Rule 1079. FLEX currency options traded on the Exchange are also...

78 FR 9991 - Agency Information Collection Activities; Information Collection Renewal; Submission for OMB Review

Federal Register 2010, 2011, 2012, 2013, 2014

2013-02-12

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... the Currency (OCC), Treasury. ACTION: Joint notice and request for comment. SUMMARY: In accordance... Activities Division, Office of the Comptroller of the Currency, Mail Stop 9W-11, Attention: 1557-0234, SW...

78 FR 34704 - Agency Information Collection Activities; Proposed Information Collection; Comment Request: Real...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-06-10

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection...: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment... Comptroller of the Currency, Attention: 1557-0190, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11...

31 CFR 100.3 - Lawfully held coin and currencies in general.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 31 Money and Finance: Treasury 1 2014-07-01 2014-07-01 false Lawfully held coin and currencies in general. 100.3 Section 100.3 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES, DEPARTMENT OF THE TREASURY EXCHANGE OF PAPER CURRENCY AND COIN In General § 100.3...

31 CFR 100.3 - Lawfully held coin and currencies in general.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance: Treasury 1 2013-07-01 2013-07-01 false Lawfully held coin and currencies in general. 100.3 Section 100.3 Money and Finance: Treasury Regulations Relating to Money and Finance MONETARY OFFICES, DEPARTMENT OF THE TREASURY EXCHANGE OF PAPER CURRENCY AND COIN In General § 100.3...

12 CFR 956.3 - Prohibited investments and prudential rules.

Code of Federal Regulations, 2011 CFR

2011-01-01

... section 12(b) of the Act (12 U.S.C. 1432(b)). (b) Foreign currency or commodity positions prohibited. A Bank may not take a position in any commodity or foreign currency. A Bank may participate in consolidated obligations denominated in a currency other than U.S. Dollars or linked to equity or commodity...

17 CFR 210.3-20 - Currency for financial statements of foreign private issuers.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 17 Commodity and Securities Exchanges 2 2011-04-01 2011-04-01 false Currency for financial statements of foreign private issuers. 210.3-20 Section 210.3-20 Commodity and Securities Exchanges... General Instructions As to Financial Statements § 210.3-20 Currency for financial statements of foreign...

76 FR 79258 - Self-Regulatory Organizations; Chicago Mercantile Exchange, Inc.; Notice of Filing and Order...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-12-21

... to amend rules related to existing cleared-only foreign exchange (``FX'') currency derivatives... SR-CME-2011-12 to establish rules to expand its cleared-only, foreign currency (``FX'') swaps offering to support the introduction of (1) twenty-six new foreign FX currency derivatives for over-the...

77 FR 42365 - Price for the Making American History Coin and Currency Set

Federal Register 2010, 2011, 2012, 2013, 2014

2012-07-18

... DEPARTMENT OF THE TREASURY United States Mint Price for the Making American History Coin and Currency Set AGENCY: United States Mint, Department of the Treasury. ACTION: Notice. SUMMARY: The United States Mint is announcing a price of $72.95 for the Making American History Coin and Currency Set. FOR...

17 CFR 50.4 - Classes of swaps required to be cleared.

Code of Federal Regulations, 2014 CFR

2014-04-01

... Fixed-to-floating swap class Currency U.S. dollar (USD) Euro (EUR) Sterling (GBP) Yen (JPY). Floating.... Conditional Notional Amounts No No No No. Specification Basis swap class Currency U.S. dollar (USD) Euro (EUR... agreement class Currency U.S. dollar (USD) Euro (EUR) Sterling (GBP) Yen (JPY). Floating Rate Indexes LIBOR...

17 CFR 50.4 - Classes of swaps required to be cleared.

Code of Federal Regulations, 2013 CFR

2013-04-01

... class Currency U.S. dollar (USD) Euro (EUR) Sterling (GBP) Yen (JPY). Floating Rate Indexes LIBOR... Amounts No No No No. Specification Basis swap class Currency U.S. dollar (USD) Euro (EUR) Sterling (GBP... Currency U.S. dollar (USD) Euro (EUR) Sterling (GBP) Yen (JPY). Floating Rate Indexes LIBOR EURIBOR LIBOR...

76 FR 13188 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-03-10

...: Cynthia Ayouch, Acting Federal Reserve Board Clearance Officer (202-452-3829), Division of Research and... Systems Surveys: Ad Hoc Payments Systems Survey, Currency Quality Sampling Survey, Currency Quality Survey, and Currency Functionality Survey. Agency form number: FR 3054a, FR 3054b, FR 3054c, and FR 3054d. OMB...

31 CFR 103.60 - Enforcement authority with respect to transportation of currency or monetary instruments.

Code of Federal Regulations, 2010 CFR

2010-07-01

... transportation of currency or monetary instruments. 103.60 Section 103.60 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS... instruments. (a) If a customs officer has reasonable cause to believe that there is a monetary instrument...

75 FR 28331 - Meaningful Access to United States Currency for Blind and Visually Impaired Persons

Federal Register 2010, 2011, 2012, 2013, 2014

2010-05-20

... impaired relating to the identification of U.S. currency through focus groups, surveys, and usability tests.... SUPPLEMENTARY INFORMATION: By statute, the Secretary of the Treasury has sole authority for approving designs of U.S. Federal Reserve notes (U.S. currency). To develop the designs, Treasury works in collaboration...

Analysis of Colonial Currency

NASA Astrophysics Data System (ADS)

Kurkowski, Michael; Cangany, Catherine; Jordan, Louis; Manukyan, Khachatur; Schultz, Zachary; Wiescher, Michael

2017-09-01

This project entailed studying the cellulose in paper, the ink, colorants, and other materials used to produce American colonial currency. The technique primarily used in this project was X-Ray Fluorescence Spectroscopy (XRF). XRF mapping was used to provide both elemental analysis of large-scale objects as well as microscopic examination of individual pigment particles in ink, in addition to the inorganic additives used to prepare paper. The combination of elemental mapping with Fourier Transform Infrared (FTIR) and Raman Spectroscopies permits an efficient analysis of the currency. These spectroscopic methods help identify the molecular composition of the pigments. This combination of atomic and molecular analytical techniques provided an in-depth characterization of the paper currency on the macro, micro, and molecular levels. We have identified several of pigments that were used in the preparation of inks and colorants. Also, different inorganic crystals, such as alumina-silicates, have been detected in different papers. The FTIR spectroscopy allowed us to determine the type of cellulose fiber used in the production of paper currency. Our future research will be directed toward revealing important historical relationships between currencies printed throughout the colonies. ISLA Da Vinci Grant.

Signatures of Currency Vertices

NASA Astrophysics Data System (ADS)

Holme, Petter

2009-03-01

Many real-world networks have broad degree distributions. For some systems, this means that the functional significance of the vertices is also broadly distributed, in other cases the vertices are equally significant, but in different ways. One example of the latter case is metabolic networks, where the high-degree vertices — the currency metabolites — supply the molecular groups to the low-degree metabolites, and the latter are responsible for the higher-order biological function, of vital importance to the organism. In this paper, we propose a generalization of currency metabolites to currency vertices. We investigate the network structural characteristics of such systems, both in model networks and in some empirical systems. In addition to metabolic networks, we find that a network of music collaborations and a network of e-mail exchange could be described by a division of the vertices into currency vertices and others.

BitCoin meets Google Trends and Wikipedia: Quantifying the relationship between phenomena of the Internet era

NASA Astrophysics Data System (ADS)

Kristoufek, Ladislav

2013-12-01

Digital currencies have emerged as a new fascinating phenomenon in the financial markets. Recent events on the most popular of the digital currencies - BitCoin - have risen crucial questions about behavior of its exchange rates and they offer a field to study dynamics of the market which consists practically only of speculative traders with no fundamentalists as there is no fundamental value to the currency. In the paper, we connect two phenomena of the latest years - digital currencies, namely BitCoin, and search queries on Google Trends and Wikipedia - and study their relationship. We show that not only are the search queries and the prices connected but there also exists a pronounced asymmetry between the effect of an increased interest in the currency while being above or below its trend value.

BitCoin meets Google Trends and Wikipedia: quantifying the relationship between phenomena of the Internet era.

PubMed

Kristoufek, Ladislav

2013-12-04

Digital currencies have emerged as a new fascinating phenomenon in the financial markets. Recent events on the most popular of the digital currencies--BitCoin--have risen crucial questions about behavior of its exchange rates and they offer a field to study dynamics of the market which consists practically only of speculative traders with no fundamentalists as there is no fundamental value to the currency. In the paper, we connect two phenomena of the latest years--digital currencies, namely BitCoin, and search queries on Google Trends and Wikipedia--and study their relationship. We show that not only are the search queries and the prices connected but there also exists a pronounced asymmetry between the effect of an increased interest in the currency while being above or below its trend value.

The new color of money: safer, smarter, more secure

NASA Astrophysics Data System (ADS)

DiNunzio, Lisa A.; Clarke, Lenore

2004-06-01

Approximately 60% of U.S. currency notes circulate abroad. As the most widely used currency in the world, U.S. notes are the most likely to be counterfeited. Since 1996, the United States has been issuing currency with new security features. These features make U.S. currency easier to recognize as genuine and more secure against advancing computer technology that could be used for counterfeiting. Currency counterfeiters are increasingly turning to digital methods, as advances in technology make digital counterfeiting of currency easier and cheaper. In 1995, for example, less than one percent of counterfeit notes detected in the U.S. were digitally produced. By 2002, that number had grown to nearly 40 percent, according to the Secret Service. Yet despite the efforts of counterfeiters, U.S. currency counterfeiting has been kept at low levels. According to current estimates, between 0.01 and 0.02 percent of notes in circulation are counterfeit, or about 1-2 notes in every 10,000 genuine notes. The strategy for maintaining the security of Federal Reserve notes is to enhance the design of U.S. currency every seven to ten years. One objective of introducing the new currency is to emphasize the number of features available to the public for authenticating bills. The most-talked-about aspect of the redesigned currency is the subtle introduction of background colors to the bills. While color itself is not a security feature, the use of color provides the opportunity to add features that could assist in deterring counterfeiting. Color will also help people to better distinguish their notes. Security features for the newly designed currency include a security thread, a watermark, and a more distinct color-shifting ink. The new 20 note was issued in fall 2003, with the 50 and 100 notes scheduled to follow 12 to 18 months later. Plans to redesign the 10 and 5 are still under consideration, but there are no plans to redesign the 2 and 1 notes. As was the case with the redesigned 20 note issued in 1998, the new design will co-circulate with the current design. As notes return to the Federal Reserve from depository institutions, the Federal Reserve will only destroy the unfit notes introduced since 1998. Designs older than the Series 1996 are destroyed when returned to the Federal Reserve regardless of condition. To ensure a smooth introduction of the new currency, a five-year international public education effort was launched in 2002 to inform the public and target audiences, including financial institutions, law enforcement, and the vending industry of the transition to the new design. The public is the first line of defense against counterfeiting. So, it's important the public has the tools to recognize the new and modified security features in the redesigned notes.

Goal-Directed Behavior and Instrumental Devaluation: A Neural System-Level Computational Model

PubMed Central

Mannella, Francesco; Mirolli, Marco; Baldassarre, Gianluca

2016-01-01

Devaluation is the key experimental paradigm used to demonstrate the presence of instrumental behaviors guided by goals in mammals. We propose a neural system-level computational model to address the question of which brain mechanisms allow the current value of rewards to control instrumental actions. The model pivots on and shows the computational soundness of the hypothesis for which the internal representation of instrumental manipulanda (e.g., levers) activate the representation of rewards (or “action-outcomes”, e.g., foods) while attributing to them a value which depends on the current internal state of the animal (e.g., satiation for some but not all foods). The model also proposes an initial hypothesis of the integrated system of key brain components supporting this process and allowing the recalled outcomes to bias action selection: (a) the sub-system formed by the basolateral amygdala and insular cortex acquiring the manipulanda-outcomes associations and attributing the current value to the outcomes; (b) three basal ganglia-cortical loops selecting respectively goals, associative sensory representations, and actions; (c) the cortico-cortical and striato-nigro-striatal neural pathways supporting the selection, and selection learning, of actions based on habits and goals. The model reproduces and explains the results of several devaluation experiments carried out with control rats and rats with pre- and post-training lesions of the basolateral amygdala, the nucleus accumbens core, the prelimbic cortex, and the dorso-medial striatum. The results support the soundness of the hypotheses of the model and show its capacity to integrate, at the system-level, the operations of the key brain structures underlying devaluation. Based on its hypotheses and predictions, the model also represents an operational framework to support the design and analysis of new experiments on the motivational aspects of goal-directed behavior. PMID:27803652

Functional disconnection of the orbitofrontal cortex and basolateral amygdala impairs acquisition of a rat gambling task and disrupts animals' ability to alter decision-making behavior after reinforcer devaluation.

PubMed

Zeeb, Fiona D; Winstanley, Catharine A

2013-04-10

An inability to adjust choice preferences in response to changes in reward value may underlie key symptoms of many psychiatric disorders, including chemical and behavioral addictions. We developed the rat gambling task (rGT) to investigate the neurobiology underlying complex decision-making processes. As in the Iowa Gambling task, the optimal strategy is to avoid choosing larger, riskier rewards and to instead favor options associated with smaller rewards but less loss and, ultimately, greater long-term gain. Given the demonstrated importance of the orbitofrontal cortex (OFC) and basolateral amygdala (BLA) in acquisition of the rGT and Iowa Gambling task, we used a contralateral disconnection lesion procedure to assess whether functional connectivity between these regions is necessary for optimal decision-making. Disrupting the OFC-BLA pathway retarded acquisition of the rGT. Devaluing the reinforcer by inducing sensory-specific satiety altered decision-making in control groups. In contrast, disconnected rats did not update their choice preference following reward devaluation, either when the devalued reward was still delivered or when animals needed to rely on stored representations of reward value (i.e., during extinction). However, all rats exhibited decreased premature responding and slower response latencies after satiety manipulations. Hence, disconnecting the OFC and BLA did not affect general behavioral changes caused by reduced motivation, but instead prevented alterations in the value of a specific reward from contributing appropriately to cost-benefit decision-making. These results highlight the role of the OFC-BLA pathway in the decision-making process and suggest that communication between these areas is vital for the appropriate assessment of reward value to influence choice.

48 CFR 428.204-2 - Certified or cashier's checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2012 CFR

2012-10-01

... 48 Federal Acquisition Regulations System 4 2012-10-01 2012-10-01 false Certified or cashier's checks, bank drafts, money orders, or currency. 428.204-2 Section 428.204-2 Federal Acquisition... Other Security for Bonds 428.204-2 Certified or cashier's checks, bank drafts, money orders, or currency...

48 CFR 428.204-2 - Certified or cashier's checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2011 CFR

2011-10-01

... 48 Federal Acquisition Regulations System 4 2011-10-01 2011-10-01 false Certified or cashier's checks, bank drafts, money orders, or currency. 428.204-2 Section 428.204-2 Federal Acquisition... Other Security for Bonds 428.204-2 Certified or cashier's checks, bank drafts, money orders, or currency...

48 CFR 428.204-2 - Certified or cashier's checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2010 CFR

2010-10-01

... 48 Federal Acquisition Regulations System 4 2010-10-01 2010-10-01 false Certified or cashier's checks, bank drafts, money orders, or currency. 428.204-2 Section 428.204-2 Federal Acquisition... Other Security for Bonds 428.204-2 Certified or cashier's checks, bank drafts, money orders, or currency...

48 CFR 428.204-2 - Certified or cashier's checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2013 CFR

2013-10-01

... 48 Federal Acquisition Regulations System 4 2013-10-01 2013-10-01 false Certified or cashier's checks, bank drafts, money orders, or currency. 428.204-2 Section 428.204-2 Federal Acquisition... Other Security for Bonds 428.204-2 Certified or cashier's checks, bank drafts, money orders, or currency...

48 CFR 428.204-2 - Certified or cashier's checks, bank drafts, money orders, or currency.

Code of Federal Regulations, 2014 CFR

2014-10-01

... 48 Federal Acquisition Regulations System 4 2014-10-01 2014-10-01 false Certified or cashier's checks, bank drafts, money orders, or currency. 428.204-2 Section 428.204-2 Federal Acquisition... Other Security for Bonds 428.204-2 Certified or cashier's checks, bank drafts, money orders, or currency...

75 FR 15757 - Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-03-30

... Rule Change Relating to U.S. Dollar-Settled Foreign Currency Options March 23, 2010. Pursuant to... Krone (``XDV'') to the U.S. Dollar-Settled Foreign Currency Options fees.\\3\\ While changes to the Fee... World Currency Options[supreg] (``WCOs''). The text of the proposed rule change is available on the...

78 FR 36826 - Agency Information Collection Activities; Proposed Information Collection; Submission for OMB...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-06-19

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... Comptroller of the Currency (OCC), Treasury. ACTION: Notice and Request for Comment. SUMMARY: The OCC, as part... Currency, Attention: 1557-0194, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11, Washington, DC 20219...

75 FR 68390 - Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-11-05

... Change To Accommodate Index Futures That Are Settled in a Non-U.S. Currency November 1, 2010. Pursuant to.... currency. NYSE Liffe US, LLC (``NYL'') is proposing to introduce for trading futures contracts on certain.... currency and in a similar manner. II. Self-Regulatory Organization's Statement of the Purpose of, and...

78 FR 23321 - Self-Regulatory Organizations; International Securities Exchange, LLC; Order Granting Approval of...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-04-18

... and trading on the Exchange of options on one foreign currency index-- the Dow Jones FXCM Dollar Index...'s foreign currency options (``FX Options'') \\4\\ and will have European- style exercise provisions... currencies. See Securities Exchange Act Release No. 55575 (April 3, 2007), 72 FR 17963 (April 10, 2007) (SR...

78 FR 50492 - Agency Information Collection Activities: Information Collection Renewal; Submission for OMB...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-08-19

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection... AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment... Currency, Attention: 1557-0190, 400 7th Street SW., Suite 3E-218, Mail Stop 9W- 11, Washington, DC 20219...

76 FR 16646 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-03-24

...-Settled Foreign Currency Option Fees, in Section III of the Fee Schedule, with Singly Listed Options \\3...\\. The Exchange currently assesses fees for sector index options and U.S. Dollar-Settled foreign currency... U.S. Dollar-Settled Foreign Currency Option Fees.'' \\4\\ BKX represents the KBW Bank Index. \\5\\ RUT...

77 FR 27456 - Guidance on the Effective Date of Section 716 of the Dodd-Frank Wall Street Reform and Consumer...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-05-10

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM... Street Reform and Consumer Protection Act AGENCY: Office of the Comptroller of the Currency (OCC... Corporation (FDIC). ACTION: Notice of joint guidance. SUMMARY: The Office of the Comptroller of the Currency...

76 FR 13252 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-03-10

... Rule Change Relating to Access Fees for Foreign Currency Options March 4, 2011. Pursuant to Section 19... fee charged to foreign currency (``FX'') options market makers. The text of the proposed rule change... this proposed rule change is to terminate an access fee charged by the Exchange to foreign currency...

The Development of Everyday Mathematics in Brazilian Children with Limited Formal Education.

ERIC Educational Resources Information Center

Guberman, Steven R.

1996-01-01

Studied the sociocultural context in which Brazilian children acquire and use everyday mathematics in terms of currency use. Participants were 105 children, ages 4 to 11, and their parents. Found decreased use of currency with increasing age. Children also used currency to aid their problem solving and progressed from global estimates to the…

75 FR 27605 - Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-05-17

... Rule Change Relating to One Cent Strike Price Intervals of Foreign Currency Options May 7, 2010... cent ($0.01) for each expiration month for U.S. dollar-settled foreign currency options (``FCOs'') opened for trading on the Exchange.\\3\\ \\3\\ FCOs are also known as World Currency Options (``WCOs...

Living in the Classroom: The Currency-Based Token Economy.

ERIC Educational Resources Information Center

Payne, James S.; And Others

Various types of token economies and contingency contract systems are emerging throughout private and public educational programs. The basic idea of this book is that a token economy based on currency creates a real-life situation for children in the classroom. The goal of this book is to help the teacher establish a currency-based token economy…

75 FR 8158 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-02-23

... traded only on ISE. As such, (1) FX Options are not fungible with foreign currency options listed by any... Rule Change To Modify Trading Hours for Foreign Currency Options February 16, 2010. Pursuant to Section... proposes to amend ISE Rule 2210 regarding the trading hours for foreign currency options (``FX Options...

75 FR 44995 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-07-30

... options on the following FX option currencies traded on the Exchange: New Zealand dollar, Mexican peso.../dealer and is not a Priority Customer. For all other FX option currencies traded on the Exchange, this... Rule Change Relating to Foreign Currency Options Orders Fee Discount for Market Makers and Non-ISE...

17 CFR 240.17a-8 - Financial recordkeeping and reporting of currency and foreign transactions.

Code of Federal Regulations, 2010 CFR

2010-04-01

... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Financial recordkeeping and reporting of currency and foreign transactions. 240.17a-8 Section 240.17a-8 Commodity and Securities... currency and foreign transactions. Every registered broker or dealer who is subject to the requirements of...

76 FR 67514 - Self-Regulatory Organizations; Chicago Mercantile Exchange, Inc.; Notice of Filing and Order...

Federal Register 2010, 2011, 2012, 2013, 2014

2011-11-01

.../Chilean Peso (``USD/CLP'') foreign currency (``FX'') contracts. The USD/CLP FX contracts are comprised of... suite of new OTC FX cleared-only currency pairs (which will be included as part of a separate regulatory... consistent with observed levels of volatility in the particular currency pairing and generally aligned with...

17 CFR 240.17a-8 - Financial recordkeeping and reporting of currency and foreign transactions.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 17 Commodity and Securities Exchanges 3 2011-04-01 2011-04-01 false Financial recordkeeping and reporting of currency and foreign transactions. 240.17a-8 Section 240.17a-8 Commodity and Securities... currency and foreign transactions. Every registered broker or dealer who is subject to the requirements of...

78 FR 1306 - Transition Period Under Section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act

Federal Register 2010, 2011, 2012, 2013, 2014

2013-01-08

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket ID OCC-2013-0001...: Office of the Comptroller of the Currency, Department of the Treasury. ACTION: Notice of guidance. SUMMARY: The Office of the Comptroller of the Currency (OCC) is notifying insured Federal depository...

Money Is Essential: Ownership Intuitions Are Linked to Physical Currency

ERIC Educational Resources Information Center

Uhlmann, Eric Luis; Zhu, Luke

2013-01-01

Due to basic processes of psychological essentialism and contagion, one particular token of monetary currency is not always interchangeable with another piece of currency of equal economic value. When money loses its physical form it is perceived as "not quite the same" money (i.e., to have partly lost the original essence that distinguished it…

From Petrodollars to Petroeuros: Are the Dollar’s Days as an International Reserve Currency Drawing to an End?

DTIC Science & Technology

2003-11-03

price of oil less transparent, require continuous updating to minimize currency arbitrage , and could make the market less liquid as available capital...there are plenty of cheap ways for traders to hedge against currency risk if they are concerned about movements in the dollar. Conclusions

Encouraging Student Interest in the Economic Context of the Constitution with Continental Currency

ERIC Educational Resources Information Center

Potter, Lee Ann

2014-01-01

Introducing students to continental currency may well encourage their interest in the economic context of the Constitution and their understanding of a wide range of economic concepts. This brief article describes a lesson to familiarize students with continental currency and its relationship to Article I, Section 8, of the Constitution and the…

Contamination of Ethiopian paper currency notes from various food handlers with E. coli.

PubMed

Hiko, Adem; Abdata, Kasahun; Muktar, Yimer; Woyesa, Mezene; Mohammed, Abdela

2016-01-01

Contamination rate of Ethiopian paper currency notes handled by various food handlers with Escherichia coli and antimicrobial susceptibility of the isolates was assessed. A total of 384 Ethiopian Birr (ETB) notes were randomly sampled from meat handlers at butchers, bread and the related food handlers at cafeteria, fruit and vegetables handlers at supermarket, and milk sellers both at open market and dairy station. Fifty control new currencies were also sampled from Commercial Bank of Ethiopia. Both surfaces of the currency were swabbed using wet sterile cotton. The swab was overnight incubated in buffered peptone water. A loop full was streaked on eosin methylene blue agar and followed by biochemical test on presumptive E. coli colonies. Randomly selected isolates were exposed to chloramphenicol (C-30 µg), neomycin (N-30 µg), oxytetracycline (OT-30 µg), polymyxin-B (PB-300 IU) and trimethoprim-sulfamethoxazole (SXT-1.25/23.75/µg) susceptibility using disc diffusion techniques. E. coli was not isolated from currency used as control. A total of 288 (75 %) currency notes were found carrying E. coli. E. coli prevalence was ranges from 67.2 % at open market milk sellers to 87.2 % at dairy station milk sellers; from 64.8 % on ETB 100 to 82.9 % on ETB 1. Differences were not observed in E. coli prevalence on currency notes from among almost all food handlers (P > 0.05). Susceptibility of tested isolates to each chloramphenicol, oxytetracycline and trimethoprim-sulfamethoxazole was 100 %, and to polymyxin-B was 97.3 %. High resistance (83.7 %) was observed to neomycin. The finding indicates, contaminated food can be a source of E. coli for further contamination of currency which again transfer through various foods ready for consumption.

BitCoin meets Google Trends and Wikipedia: Quantifying the relationship between phenomena of the Internet era

PubMed Central

Kristoufek, Ladislav

2013-01-01

Digital currencies have emerged as a new fascinating phenomenon in the financial markets. Recent events on the most popular of the digital currencies – BitCoin – have risen crucial questions about behavior of its exchange rates and they offer a field to study dynamics of the market which consists practically only of speculative traders with no fundamentalists as there is no fundamental value to the currency. In the paper, we connect two phenomena of the latest years – digital currencies, namely BitCoin, and search queries on Google Trends and Wikipedia – and study their relationship. We show that not only are the search queries and the prices connected but there also exists a pronounced asymmetry between the effect of an increased interest in the currency while being above or below its trend value. PMID:24301322

Minimal Spanning Tree Graphs and Power Like Scaling in FOREX Networks

NASA Astrophysics Data System (ADS)

Górski, A. Z.; Kwapień, J.; Oświęcimka, P.; Drożdż, S.

2008-09-01

Correlation matrices of foreign exchange rate time series are investigated for 60 world currencies. Minimal spanning tree graphs for the gold, silver and platinum are presented. Inverse power like scaling is discussed for these graphs as well as for four distinct currency groups (major, liquid, less liquid and non-tradable). The worst scaling was found for USD and related currencies.

77 FR 8318 - Self-Regulatory Organizations; Chicago Mercantile Exchange, Inc.; Notice of Filing and Order...

Federal Register 2010, 2011, 2012, 2013, 2014

2012-02-14

... used for FX forwards with cash mark-to-market where the value is flipped from the contra currency to...-only OTC foreign currency (``FX'') product offering. The proposed rule changes \\3\\ would add Price... become part of the total banked cash flow for the currency in which they are denominated. It is a very...

12 CFR Appendix to Part 215 - Section 5200 of the Revised Statutes Total Loans and Extensions of Credit

Code of Federal Regulations, 2010 CFR

2010-01-01

... the Currency, such term shall also include any liability of a national banking association to advance... or extensions of credit are approved by the Comptroller of the Currency, shall not be subject to any... limitation based on capital and surplus. Authority of Comptroller of the Currency (d)(1) The Comptroller of...

75 FR 1441 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-01-11

... began trading options on foreign currency pairs on April 17, 2007.\\3\\ The Brazilian real is one of the 19 underlying currencies that have been approved by the SEC for trading.\\4\\ The purpose of this... underlying currencies,\\5\\ with the Brazilian real being assigned a modifier of 10 based on the exchange rate...

77 FR 60057 - Margin and Capital Requirements for Covered Swap Entities; Reopening of Comment Period

Federal Register 2010, 2011, 2012, 2013, 2014

2012-10-02

... of the Currency 12 CFR Part 45 [Docket No. OCC-2011-0008] RIN 1557-AD43 BOARD OF GOVERNORS OF THE... Entities; Reopening of Comment Period AGENCY: Office of the Comptroller of the Currency, Treasury (OCC... the Currency: Because paper mail in the Washington, DC area and at the OCC is subject to delay...

26 CFR 1.852-11 - Treatment of certain losses attributable to periods after October 31 of a taxable year.

Code of Federal Regulations, 2014 CFR

2014-04-01

... be designated retroactively as capital gain dividends. (k) Effective date. (b) Scope—(1) In general... currency loss. (2) Net foreign currency loss. (3) Foreign currency gain or loss. (e) Limitation on capital gain dividends. (1) In general. (2) Amount taken into account in current year. (i) Net capital loss...

26 CFR 1.852-11 - Treatment of certain losses attributable to periods after October 31 of a taxable year.

Code of Federal Regulations, 2012 CFR

2012-04-01

... be designated retroactively as capital gain dividends. (k) Effective date. (b) Scope—(1) In general... currency loss. (2) Net foreign currency loss. (3) Foreign currency gain or loss. (e) Limitation on capital gain dividends. (1) In general. (2) Amount taken into account in current year. (i) Net capital loss...

26 CFR 1.852-11 - Treatment of certain losses attributable to periods after October 31 of a taxable year.

Code of Federal Regulations, 2011 CFR

2011-04-01

... be designated retroactively as capital gain dividends. (k) Effective date. (b) Scope—(1) In general... currency loss. (2) Net foreign currency loss. (3) Foreign currency gain or loss. (e) Limitation on capital gain dividends. (1) In general. (2) Amount taken into account in current year. (i) Net capital loss...

26 CFR 1.852-11 - Treatment of certain losses attributable to periods after October 31 of a taxable year.

Code of Federal Regulations, 2013 CFR

2013-04-01

... be designated retroactively as capital gain dividends. (k) Effective date. (b) Scope—(1) In general... currency loss. (2) Net foreign currency loss. (3) Foreign currency gain or loss. (e) Limitation on capital gain dividends. (1) In general. (2) Amount taken into account in current year. (i) Net capital loss...

12 CFR 8.8 - Notice of Comptroller of the Currency fees.

Code of Federal Regulations, 2010 CFR

2010-01-01

... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Notice of Comptroller of the Currency fees. 8.8... Comptroller of the Currency Fees” shall be published no later than the first business day in December of each year for fees to be charged by the Office during the upcoming year. These fees will be effective...

Cross-sample entropy of foreign exchange time series

NASA Astrophysics Data System (ADS)

Liu, Li-Zhi; Qian, Xi-Yuan; Lu, Heng-Yao

2010-11-01

The correlation of foreign exchange rates in currency markets is investigated based on the empirical data of DKK/USD, NOK/USD, CAD/USD, JPY/USD, KRW/USD, SGD/USD, THB/USD and TWD/USD for a period from 1995 to 2002. Cross-SampEn (cross-sample entropy) method is used to compare the returns of every two exchange rate time series to assess their degree of asynchrony. The calculation method of confidence interval of SampEn is extended and applied to cross-SampEn. The cross-SampEn and its confidence interval for every two of the exchange rate time series in periods 1995-1998 (before the Asian currency crisis) and 1999-2002 (after the Asian currency crisis) are calculated. The results show that the cross-SampEn of every two of these exchange rates becomes higher after the Asian currency crisis, indicating a higher asynchrony between the exchange rates. Especially for Singapore, Thailand and Taiwan, the cross-SampEn values after the Asian currency crisis are significantly higher than those before the Asian currency crisis. Comparison with the correlation coefficient shows that cross-SampEn is superior to describe the correlation between time series.

Currency notes and coins as a possible source of transmitting fungal pathogens of man and plants.

PubMed

Wanule, Dinesh; Jalander, Vaghmare; Gachande, B D; Sirsikar, A N

2011-10-01

Currency (notes and coins) handling by people during transaction is one of the most mobile objects within the community, which has a potential of transmitting pathogens. A survey carried out recently in Nanded city (Maharashtra) revealed heavy contamination of currency notes and coins by important fungal pathogens of plants and man, i.e. Aspergillus niger (60.37%), A. flavus (3.98%), A.nidulans (0.2%), Penicillium citrinum (17.80%), Alternaria tenuis (0.20%), Curvularia pallescens (0.20%), Cladosporium cladosporioides (10.69%), Rhizopus stolonifer (1.04%), an unidentified Aspergillus species .1 (0.20%) and another unidentified Aspergillus species.2 (3.14%), Fusarium sp. (0.20%), Trichoderma viride (0.20%),white sterile mycelium (0.62%) and brown sterile mycelium (0.62%). The study highlights the importance of preventing and controlling fungal contamination of currency notes and coins in public health and plant protection. Currency notes or coins are rarely suspected as infection sources and often not quarantined at airport or seaport terminal. Possible transmission of pathogens or "alien", invasive species through currency across borders or across countries needs to be taken into consideration especially under circumstances of serious outbreak of important disease or when there is a threat of biological warfare.

Public health implications of contamination of Franc CFA (XAF) circulating in Buea (Cameroon) with drug resistant pathogens.

PubMed

Akoachere, Jane-Francis Tatah Kihla; Gaelle, Nana; Dilonga, Henry Meriki; Nkuo-Akenji, Theresa K

2014-01-08

Studies in different parts of the world have implicated money as a vehicle for transmission of pathogens. Such information which is necessary to facilitate infection control strategies is lacking in many sub-Saharan countries including Cameroon. This study analyzed the Franc de la Communauté Financiere d'Afrique (Franc CFA), the currency used in Cameroon and other countries in the Central African sub-region, as a potential vehicle for transmission of pathogenic bacteria and fungi, particularly drug-resistant strains, to generate findings which could create awareness on currency contamination and serve as a guide when formulating health policies on currency. Two hundred and thirteen currency samples representing various denominations of notes and coins randomly collected from diverse sources in Buea, Cameroon were analyzed for bacteria and fungi. The sensitivity of bacterial isolates to antibiotics was tested using the disc diffusion method. The relationship between contamination and physical state, source or denomination of currency was assessed using the χ2 test. All statistics were discussed at 0.05 significance level. Two hundred (93.9%) samples were contaminated with notes (96.6%) showing higher contamination than coins (88.2%). Uncirculated (mint) samples showed no contamination. There was a significant difference (P<0.05) in contamination with respect to currency denomination, physical state and source. All samples from butchers and patients/personnel in hospitals were contaminated. Lower denominations showed significantly higher (P = 0.008) levels of contamination than higher denominations. Dirty currency was more contaminated than clean currency. Nine bacterial species were isolated. Coagulase-negative Staphylococcus (CoNS) (54.9%) and Staphylococcus aureus (20.1%) predominated. Among the fungi detected, Aspergillus sp (17.3%) and Penicillium sp (15.9%) showed higher frequency of occurrence. Bacteria were susceptible (100%) to ceftriaxone, gentamicin, norfloxacin and ofloxacin. Susceptibility to amoxicillin, penicillin, ampicillin, vancomycin and cotrimoxazole was low. Staphylococci were resistant (100%) to vancomycin, penicillin G, and amoxicillin. CoNS in addition showed resistance (100%) to cotrimoxazole. The CFA franc circulating in Buea could serve as a vehicle for transmission of drug resistant pathogenic or potential organisms and contamination could be due to currency usage and handling as mint notes were not contaminated. Hygiene practices during or after handling currency is greatly encouraged to prevent infection.

Threats to social identity can trigger social deviance.

PubMed

Belmi, Peter; Barragan, Rodolfo Cortes; Neale, Margaret A; Cohen, Geoffrey L

2015-04-01

We hypothesized that threats to people's social (i.e., group) identity can trigger deviant attitudes and behaviors. A correlational study and five experiments showed that experiencing or recalling situations associated with the devaluation of a social identity caused participants to endorse or engage in deviant actions, including stealing, cheating, and lying. The effect was driven by the tendency to construe social identity threats not as isolated incidents but as symbolic of the continuing devaluation and disrespectful treatment of one's group. Supplementing sociological approaches to deviance and delinquency, the results suggest the relevance and utility of a social-psychological account. © 2015 by the Society for Personality and Social Psychology, Inc.

Reward Devaluation: Dot-Probe Meta-Analytic Evidence of Avoidance of Positive Information in Depressed Persons

PubMed Central

Winer, E. Samuel; Salem, Taban

2015-01-01

Cognitive theories of depression and anxiety have traditionally emphasized the role of attentional biases in the processing of negative information. The dot-probe task has been widely used to study this phenomenon. Recent findings suggest that biased processing of positive information might also be an important aspect of developing psychopathological symptoms. However, despite some evidence suggesting persons with symptoms of depression and anxiety may avoid positive information, many dot-probe studies have produced null findings. The present review used conventional and novel meta-analytic methods to evaluate dot-probe attentional biases away from positive information and, for comparison, toward negative information, in depressed and anxious individuals. Results indicated that avoidance of positive information is a real effect exhibiting substantial evidential value among persons experiencing psychopathology, with individuals evidencing primary symptoms of depression clearly demonstrating this effect. Different theoretical explanations for these findings are evaluated, including those positing threat-processing structures, even-handedness, self-regulation, and reward devaluation, with the novel theory of reward devaluation emphasized and expanded. These novel findings and theory suggest that avoidance of prospective reward helps to explain the cause and sustainability of depressed states. Suggestions for future research and methodological advances are discussed. PMID:26619211

Episodic-like memory in the rat.

PubMed

Babb, Stephanie J; Crystal, Jonathon D

2006-07-11

A fundamental question in comparative cognition is whether animals remember unique, personal past experiences. It has long been argued that memories for specific events (referred to as episodic memory) are unique to humans. Recently, considerable evidence has accumulated to show that food-storing birds possess critical behavioral elements of episodic memory, referred to as episodic-like memory in acknowledgment of the fact that behavioral criteria do not assess subjective experiences. Here we show that rats have a detailed representation of remembered events and meet behavioral criteria for episodic-like memory. We provided rats with access to locations baited with distinctive (e.g., grape and raspberry) or nondistinctive (regular chow) flavors. Locations with a distinctive flavor replenished after a long but not a short delay, and locations with the nondistinctive flavor never replenished. One distinctive flavor was devalued after encoding its location by prefeeding that flavor (satiation) or by pairing it with lithium chloride (acquired taste aversion), while the other distinctive flavor was not devalued. The rats selectively decreased revisits to the devalued distinctive flavor but not to the nondevalued distinctive flavor. The present studies demonstrate that rats selectively encode the content of episodic-like memories.

Devaluation, crowding or skill specificity? Exploring the mechanisms behind the lower wages in female professions.

PubMed

Grönlund, Anne; Magnusson, Charlotta

2013-07-01

A conspicuous finding in research on the gender wage gap is that wages are related to the percentage females in an occupation (percent F). Three mechanisms have been suggested to explain this relationship: a devaluation of women's work, a crowding of women into a limited number of occupations, and a female disadvantage in the accumulation of specific human capital. In this analysis, based on data from the Swedish Level of Living Survey of 2000 (n=2915), we distinguish between these mechanisms using measures of devaluation (Treiman's prestige scale), crowding (employee dependence on current employer) and specific human capital (on-the-job training). The results show that all the indicators are related to percent F, but not in a linear fashion, and that the percent F-effect on wages is overstated and misspecified. Female-dominated occupations stand out with lower wages than both male-dominated and gender-integrated occupations and this is not explained by any of our measures. Thus, if the hypotheses on segregation and wages should be sustained, they must be further specified and new measures must be found to prove their worth. Copyright © 2013 Elsevier Inc. All rights reserved.

Interrogating inclusive development in India's transition process.

PubMed

Chakrabarti, Anjan; Dhar, Anup

2012-12-01

This paper makes two related contributions. First, the dual economic structure underlying development is shown as producing a distinct conception of other comprising of a devalued third world which is foregrounded and world of the third which is excluded. This dyad of inclusion-exclusion of other is produced in relation to the centers of capitalism and modernism. The category of third world helps to displace the language-experience-logic-ethos of the other a la world of the third such that development works over and transforms world of the third, but via the trope of a devalued third world. We then use this framework to explore the relation of global capitalism with world of the third in the Indian context, a relation that is shown to be two fold. There is on one hand an attempt to dismantle world of the third as part of the development trope of overcoming the third world. On the other, through inclusive development, an attempt is made to directly intervene in the economy of world of the third so as to address the problems of income inequality and social exclusion, again under the trope of uplifting the devalued third world.

The role of cognitive effort in subjective reward devaluation and risky decision-making.

PubMed

Apps, Matthew A J; Grima, Laura L; Manohar, Sanjay; Husain, Masud

2015-11-20

Motivation is underpinned by cost-benefit valuations where costs-such as physical effort or outcome risk-are subjectively weighed against available rewards. However, in many environments risks pertain not to the variance of outcomes, but to variance in the possible levels of effort required to obtain rewards (effort risks). Moreover, motivation is often guided by the extent to which cognitive-not physical-effort devalues rewards (effort discounting). Yet, very little is known about the mechanisms that underpin the influence of cognitive effort risks or discounting on motivation. We used two cost-benefit decision-making tasks to probe subjective sensitivity to cognitive effort (number of shifts of spatial attention) and to effort risks. Our results show that shifts of spatial attention when monitoring rapidly presented visual stimuli are perceived as effortful and devalue rewards. Additionally, most people are risk-averse, preferring safe, known amounts of effort over risky offers. However, there was no correlation between their effort and risk sensitivity. We show for the first time that people are averse to variance in the possible amount of cognitive effort to be exerted. These results suggest that cognitive effort sensitivity and risk sensitivity are underpinned by distinct psychological and neurobiological mechanisms.

Model-based learning protects against forming habits.

PubMed

Gillan, Claire M; Otto, A Ross; Phelps, Elizabeth A; Daw, Nathaniel D

2015-09-01

Studies in humans and rodents have suggested that behavior can at times be "goal-directed"-that is, planned, and purposeful-and at times "habitual"-that is, inflexible and automatically evoked by stimuli. This distinction is central to conceptions of pathological compulsion, as in drug abuse and obsessive-compulsive disorder. Evidence for the distinction has primarily come from outcome devaluation studies, in which the sensitivity of a previously learned behavior to motivational change is used to assay the dominance of habits versus goal-directed actions. However, little is known about how habits and goal-directed control arise. Specifically, in the present study we sought to reveal the trial-by-trial dynamics of instrumental learning that would promote, and protect against, developing habits. In two complementary experiments with independent samples, participants completed a sequential decision task that dissociated two computational-learning mechanisms, model-based and model-free. We then tested for habits by devaluing one of the rewards that had reinforced behavior. In each case, we found that individual differences in model-based learning predicted the participants' subsequent sensitivity to outcome devaluation, suggesting that an associative mechanism underlies a bias toward habit formation in healthy individuals.

Identity-Specific Reward Representations in Orbitofrontal Cortex Are Modulated by Selective Devaluation.

PubMed

Howard, James D; Kahnt, Thorsten

2017-03-08

Goal-directed behavior is sensitive to the current value of expected outcomes. This requires independent representations of specific rewards, which have been linked to orbitofrontal cortex (OFC) function. However, the mechanisms by which the human brain updates specific goals on the fly, and translates those updates into choices, have remained unknown. Here we implemented selective devaluation of appetizing food odors in combination with pattern-based neuroimaging and a decision-making task. We found that in a hungry state, participants chose to smell high-intensity versions of two value-matched food odor rewards. After eating a meal corresponding to one of the two odors, participants switched choices toward the low intensity of the sated odor but continued to choose the high intensity of the nonsated odor. This sensory-specific behavioral effect was mirrored by pattern-based changes in fMRI signal in lateral posterior OFC, where specific reward identity representations were altered after the meal for the sated food odor but retained for the nonsated counterpart. In addition, changes in functional connectivity between the OFC and general value coding in ventromedial prefrontal cortex (vmPFC) predicted individual differences in satiety-related choice behavior. These findings demonstrate how flexible representations of specific rewards in the OFC are updated by devaluation, and how functional connections to vmPFC reflect the current value of outcomes and guide goal-directed behavior. SIGNIFICANCE STATEMENT The orbitofrontal cortex (OFC) is critical for goal-directed behavior. A recent proposal is that OFC fulfills this function by representing a variety of state and task variables ("cognitive maps"), including a conjunction of expected reward identity and value. Here we tested how identity-specific representations of food odor reward are updated by satiety. We found that fMRI pattern-based signatures of reward identity in lateral posterior OFC were modulated after selective devaluation, and that connectivity between this region and general value coding ventromedial prefrontal cortex (vmPFC) predicted choice behavior. These results provide evidence for a mechanism by which devaluation modulates a cognitive map of expected reward in OFC and thereby alters general value signals in vmPFC to guide goal-directed behavior. Copyright © 2017 the authors 0270-6474/17/372627-12$15.00/0.

Study on recognition algorithm for paper currency numbers based on neural network

NASA Astrophysics Data System (ADS)

Li, Xiuyan; Liu, Tiegen; Li, Yuanyao; Zhang, Zhongchuan; Deng, Shichao

2008-12-01

Based on the unique characteristic, the paper currency numbers can be put into record and the automatic identification equipment for paper currency numbers is supplied to currency circulation market in order to provide convenience for financial sectors to trace the fiduciary circulation socially and provide effective supervision on paper currency. Simultaneously it is favorable for identifying forged notes, blacklisting the forged notes numbers and solving the major social problems, such as armor cash carrier robbery, money laundering. For the purpose of recognizing the paper currency numbers, a recognition algorithm based on neural network is presented in the paper. Number lines in original paper currency images can be draw out through image processing, such as image de-noising, skew correction, segmentation, and image normalization. According to the different characteristics between digits and letters in serial number, two kinds of classifiers are designed. With the characteristics of associative memory, optimization-compute and rapid convergence, the Discrete Hopfield Neural Network (DHNN) is utilized to recognize the letters; with the characteristics of simple structure, quick learning and global optimum, the Radial-Basis Function Neural Network (RBFNN) is adopted to identify the digits. Then the final recognition results are obtained by combining the two kinds of recognition results in regular sequence. Through the simulation tests, it is confirmed by simulation results that the recognition algorithm of combination of two kinds of recognition methods has such advantages as high recognition rate and faster recognition simultaneously, which is worthy of broad application prospect.

Disrupting Threat Finances: Using Financial Information to Disrupt Terrorist Organizations

DTIC Science & Technology

2008-04-01

remittance systems, stored value cards, digital currency , and Islamic banking; b) not-for-profit organizations, including front organizations and...including cash couriers; alternative remittance systems “informal value transfer,” such as hawalas and hundis; stored value cards; digital currency ...work with other federal agencies to implement key statutory provisions of the Currency and Foreign Transactions Report- ing Act (commonly referred to

26 CFR 1.367(b)-2 - Definitions and special rules.

Code of Federal Regulations, 2010 CFR

2010-04-01

... (QBU) (B1) in France, whose functional currency is the euro. FC2, an unrelated foreign corporation... functional currency of the combined operations of B1 and B2 is the euro. (ii) Result. FC2's acquisition of... currency of the combined operations of B1 and B2 after the exchange is the euro, B2 is deemed to have...

26 CFR 1.367(b)-2 - Definitions and special rules.

Code of Federal Regulations, 2011 CFR

2011-04-01

... (QBU) (B1) in France, whose functional currency is the euro. FC2, an unrelated foreign corporation... functional currency of the combined operations of B1 and B2 is the euro. (ii) Result. FC2's acquisition of... currency of the combined operations of B1 and B2 after the exchange is the euro, B2 is deemed to have...

26 CFR 1.367(b)-2 - Definitions and special rules.

Code of Federal Regulations, 2012 CFR

2012-04-01

... (QBU) (B1) in France, whose functional currency is the euro. FC2, an unrelated foreign corporation... functional currency of the combined operations of B1 and B2 is the euro. (ii) Result. FC2's acquisition of... currency of the combined operations of B1 and B2 after the exchange is the euro, B2 is deemed to have...

26 CFR 1.367(b)-2 - Definitions and special rules.

Code of Federal Regulations, 2014 CFR

2014-04-01

... (QBU) (B1) in France, whose functional currency is the euro. FC2, an unrelated foreign corporation... functional currency of the combined operations of B1 and B2 is the euro. (ii) Result. FC2's acquisition of... currency of the combined operations of B1 and B2 after the exchange is the euro, B2 is deemed to have...

26 CFR 1.367(b)-2 - Definitions and special rules.

Code of Federal Regulations, 2013 CFR

2013-04-01

... (QBU) (B1) in France, whose functional currency is the euro. FC2, an unrelated foreign corporation... functional currency of the combined operations of B1 and B2 is the euro. (ii) Result. FC2's acquisition of... currency of the combined operations of B1 and B2 after the exchange is the euro, B2 is deemed to have...

An absolute measure for a key currency

NASA Astrophysics Data System (ADS)

Oya, Shunsuke; Aihara, Kazuyuki; Hirata, Yoshito

It is generally considered that the US dollar and the euro are the key currencies in the world and in Europe, respectively. However, there is no absolute general measure for a key currency. Here, we investigate the 24-hour periodicity of foreign exchange markets using a recurrence plot, and define an absolute measure for a key currency based on the strength of the periodicity. Moreover, we analyze the time evolution of this measure. The results show that the credibility of the US dollar has not decreased significantly since the Lehman shock, when the Lehman Brothers bankrupted and influenced the economic markets, and has increased even relatively better than that of the euro and that of the Japanese yen.

Trappings of femininity: A test of the "beauty as currency" hypothesis in shaping college women's gender activism.

PubMed

Calogero, Rachel M; Tylka, Tracy L; Donnelly, Lois C; McGetrick, Amber; Leger, Andrea Medrano

2017-06-01

This study investigated whether believing beauty is a primary currency for women operates as an antecedent force in the relation between self-objectification and gender activism. Ninety-four ethnically diverse women attending a small liberal arts college in the southeastern United States completed the study questionnaires online for course credit. Preliminary results demonstrated beauty as currency belief, self-objectification, and support for the gender status quo were negatively associated with gender activism. A serial mediation analysis revealed support for the proposed model: Beauty as currency belief was indirectly and inversely linked to gender activism through self-objectification and support for the gender status quo, offering initial evidence for our beauty as currency hypothesis. These findings suggest belief in the notion women will reap more benefits from their bodies than other attributes or pursuits may be an important legitimizing feature of feminine beauty ideology that works through self-objectification against gender social change. Copyright © 2017 Elsevier Ltd. All rights reserved.

China’s Currency: A Summary of the Economic Issues

DTIC Science & Technology

2009-01-29

that its currency policy is not meant to favor exports over imports, but instead to foster economic stability through currency stability, as many...have on farmers (due to lower-priced imports). Chinese officials view economic stability as critical to sustaining political stability; they fear an...domestic consumption and the development of rural areas, but they claim they want to proceed at a gradual pace to ensure economic stability . These

Strategic Studies Quarterly. Volume 2, Number 4, Winter 2008

DTIC Science & Technology

2008-01-01

of the Fallacies . . . . . . . . . . . . . . 43 Colin S. Gray Living in Interesting Times: The Economics of a Chinese Currency Attack...Legends have a lasting currency . Fallacies need to be exposed insofar as this is possible, if only to provide some policing discipline in a defense debate...Haymond.indd 84 12/17/08 1:19:37 PM Living in Interesting Times The Economics of a Chinese Currency Attack Jeffrey E. Haymond, Colonel, USAF

26 CFR 1.905-3T - Adjustments to United States tax liability and to the pools of post-1986 undistributed earnings...

Code of Federal Regulations, 2010 CFR

2010-04-01

... denominated in foreign currency shall be translated into dollars using the exchange rate that was used to... redetermination (temporary). (a) Effective/applicability dates—(1) Currency translation. Except as provided in § 1... §§ 1.905-3T and 1.905-5T (as contained in 26 CFR part 1, revised as of April 1, 2007). (b) Currency...

European Economic and Monetary Union: Why Should We Care?

DTIC Science & Technology

1992-04-15

economic, if not political unification, that calls for a single market, a central european bank and a single currency. Why, in one short decade, did the EC...directives to eliminate fiscal and technical barriers to trade, services, banking , insurance, transportation, and securities transactions. The Single...implications. A logical outgrowth of this is the establishment of a single european currency and a central bank to issue this currency. These are 12

Scale free effects in world currency exchange network

NASA Astrophysics Data System (ADS)

Górski, A. Z.; Drożdż, S.; Kwapień, J.

2008-11-01

A large collection of daily time series for 60 world currencies' exchange rates is considered. The correlation matrices are calculated and the corresponding Minimal Spanning Tree (MST) graphs are constructed for each of those currencies used as reference for the remaining ones. It is shown that multiplicity of the MST graphs' nodes to a good approximation develops a power like, scale free distribution with the scaling exponent similar as for several other complex systems studied so far. Furthermore, quantitative arguments in favor of the hierarchical organization of the world currency exchange network are provided by relating the structure of the above MST graphs and their scaling exponents to those that are derived from an exactly solvable hierarchical network model. A special status of the USD during the period considered can be attributed to some departures of the MST features, when this currency (or some other tied to it) is used as reference, from characteristics typical to such a hierarchical clustering of nodes towards those that correspond to the random graphs. Even though in general the basic structure of the MST is robust with respect to changing the reference currency some trace of a systematic transition from somewhat dispersed - like the USD case - towards more compact MST topology can be observed when correlations increase.

45 CFR 702.53 - Closed meetings.

Code of Federal Regulations, 2010 CFR

2010-10-01

... currencies, securities, commodities, or financial institutions, be likely to: (A) Lead to significant financial speculation in currencies, securities, or commodities, or (B) Significantly endanger the stability...

45 CFR 702.53 - Closed meetings.

Code of Federal Regulations, 2011 CFR

2011-10-01

... currencies, securities, commodities, or financial institutions, be likely to: (A) Lead to significant financial speculation in currencies, securities, or commodities, or (B) Significantly endanger the stability...

Traveling the Silk Road: A Measurement of a Large Anonymous Online Marketplace

DTIC Science & Technology

2012-11-28

Silk Road, an anonymous, international online marketplace that operates as a Tor hidden service and uses Bitcoin as its exchange currency. We gather...analysis of Silk Road, an anonymous, international on- line marketplace that operates as a Tor hidden service and uses Bitcoin as its exchange currency. We...anonymity, Silk Road needs to also preserve payment anonymity. To that effect, Silk Road only supports Bitcoin (BTC, [30]) as a trading currency

CTC Sentinel. Volume 7, Issue 10, October 2014

DTIC Science & Technology

2014-10-01

currencies l ike e-gold, Bitcoin , Peercoin, and Dodgecoin provide complex yet eff icient mechanisms for the transfer of funds, as well as the...that terrorists are considering and, in l imited instances, using digital currencies such as Bitcoin to f inance activit ies. 1 While...to its novelty and partly due to its complexity, the evolving world of digital or crypto currencies like BitCoin and their impact on AML/CFT has

Market inefficiency identified by both single and multiple currency trends

NASA Astrophysics Data System (ADS)

Tokár, T.; Horváth, D.

2012-11-01

Many studies have shown that there are good reasons to claim very low predictability of currency returns; nevertheless, the deviations from true randomness exist which have potential predictive and prognostic power [J. James, Simple trend-following strategies in currency trading, Quantitative finance 3 (2003) C75-C77]. We analyze the local trends which are of the main focus of the technical analysis. In this article we introduced various statistical quantities examining role of single temporal discretized trend or multitude of grouped trends corresponding to different time delays. Our specific analysis based predominantly on Euro-dollar currency pair data at the one minute frequency suggests the importance of cumulative nonrandom effect of trends on the potential forecasting performance.

Inhomogeneous scaling behaviors in Malaysian foreign currency exchange rates

NASA Astrophysics Data System (ADS)

Muniandy, S. V.; Lim, S. C.; Murugan, R.

2001-12-01

In this paper, we investigate the fractal scaling behaviors of foreign currency exchange rates with respect to Malaysian currency, Ringgit Malaysia. These time series are examined piecewise before and after the currency control imposed in 1st September 1998 using the monofractal model based on fractional Brownian motion. The global Hurst exponents are determined using the R/ S analysis, the detrended fluctuation analysis and the method of second moment using the correlation coefficients. The limitation of these monofractal analyses is discussed. The usual multifractal analysis reveals that there exists a wide range of Hurst exponents in each of the time series. A new method of modelling the multifractal time series based on multifractional Brownian motion with time-varying Hurst exponents is studied.

What if Reading is Easy but Unimportant? How Students’ Patterns of Affirming and Undermining Motivation for Reading Information Texts Predict Different Reading Outcomes

PubMed Central

Rosenzweig, Emily Q.; Wigfield, Allan

2016-01-01

Many affirming and undermining motivational constructs affect students as they read information texts, but few researchers have explored how these motivations are patterned within students. In this study we used cluster analysis to classify middle school students (n = 1,134) based on their patterns of self-efficacy, perceived difficulty, value, and devalue for reading school information texts. We then compared how the patterns predicted students’ language arts grades, science information text comprehension, and dedication to reading school information texts. We found and validated a four-cluster solution. One cluster included a pattern of high affirming and low undermining motivations, and another included low affirming and high undermining motivations. Students with these patterns earned the highest and lowest scores, respectively, on all outcomes. A third pattern showed high self-efficacy/low difficulty with low value/high devalue, and a fourth showed moderate levels of all four motivational constructs. Students with the high efficacy and devalue pattern showed high information text comprehension but relatively low dedication. Students with the moderate pattern showed high dedication but low initial information text comprehension. Students with these two patterns earned similar grades. We discuss the implications of our findings for motivation theories and for school instruction that involves information text reading. PMID:28496289

An investigation of habit learning in Anorexia Nervosa

PubMed Central

Godier, Lauren R; de Wit, Sanne; Pinto, Anthony; Steinglass, Joanna E; Greene, Ashley L; Scaife, Jessica; Gillan, Claire M.; Walsh, B. Timothy; Simpson, Helen-Blair; Park, Rebecca J

2017-01-01

Anorexia Nervosa (AN) is a disorder characterised by compulsive behaviour, such as self-starvation and excessive exercise, which develop in the pursuit of weight-loss. Recent theory suggests that once established, compulsive weight-loss behaviours in AN may become habitual. In two parallel studies, we measured whether individuals with AN showed a bias toward habits using two outcome-devaluation tasks. In Study 1, 23 women with AN (restrictive and binge/purge subtypes), and 18 healthy controls (HC) completed the slips-of-action paradigm, designed to assess reward-based habits. In Study 2, 13 women with restrictive AN, 14 women recovered from restrictive AN, and 17 female HC participants completed the slips-of-action paradigm, and an avoidance paradigm, designed to assess aversive habits. AN participants showed no deficit relative to HCs in the ability to use feedback to respond correctly to stimuli. Following devaluation of outcomes, all groups in both studies were equally able to withhold inappropriate responses, suggesting no deficit in the balance between goal-directed and habitual control of behaviour in these tasks in AN. These results suggest that individuals with AN do not show a generalised tendency to rely on habits in two outcome-devaluation tasks. Future research is needed to investigate the potential role of disorder-specific habits in the maintenance of behaviour in AN. PMID:27497292

From discrimination to internalized mental illness stigma: The mediating roles of anticipated discrimination and anticipated stigma.

PubMed

Quinn, Diane M; Williams, Michelle K; Weisz, Bradley M

2015-06-01

Internalizing mental illness stigma is related to poorer well-being, but less is known about the factors that predict levels of internalized stigma. This study explored how experiences of discrimination relate to greater anticipation of discrimination and devaluation in the future and how anticipation of stigma in turn predicts greater stigma internalization. Participants were 105 adults with mental illness who self-reported their experiences of discrimination based on their mental illness, their anticipation of discrimination and social devaluation from others in the future, and their level of internalized stigma. Participants were approached in several locations and completed surveys on laptop computers. Correlational analyses indicated that more experiences of discrimination due to one's mental illness were related to increased anticipated discrimination in the future, increased anticipated social stigma from others, and greater internalized stigma. Multiple serial mediator analyses showed that the effect of experiences of discrimination on internalized stigma was fully mediated by increased anticipated discrimination and anticipated stigma. Experiences of discrimination over one's lifetime may influence not only how much future discrimination people with mental illness are concerned with but also how much they internalize negative feelings about the self. Mental health professionals may need to address concerns with future discrimination and devaluation in order to decrease internalized stigma. (c) 2015 APA, all rights reserved).

What if Reading is Easy but Unimportant? How Students' Patterns of Affirming and Undermining Motivation for Reading Information Texts Predict Different Reading Outcomes.

PubMed

Rosenzweig, Emily Q; Wigfield, Allan

2017-01-01

Many affirming and undermining motivational constructs affect students as they read information texts, but few researchers have explored how these motivations are patterned within students. In this study we used cluster analysis to classify middle school students (n = 1,134) based on their patterns of self-efficacy, perceived difficulty, value, and devalue for reading school information texts. We then compared how the patterns predicted students' language arts grades, science information text comprehension, and dedication to reading school information texts. We found and validated a four-cluster solution. One cluster included a pattern of high affirming and low undermining motivations, and another included low affirming and high undermining motivations. Students with these patterns earned the highest and lowest scores, respectively, on all outcomes. A third pattern showed high self-efficacy/low difficulty with low value/high devalue, and a fourth showed moderate levels of all four motivational constructs. Students with the high efficacy and devalue pattern showed high information text comprehension but relatively low dedication. Students with the moderate pattern showed high dedication but low initial information text comprehension. Students with these two patterns earned similar grades. We discuss the implications of our findings for motivation theories and for school instruction that involves information text reading.

Reward devaluation: Dot-probe meta-analytic evidence of avoidance of positive information in depressed persons.

PubMed

Winer, E Samuel; Salem, Taban

2016-01-01

Cognitive theories of depression and anxiety have traditionally emphasized the role of attentional biases in the processing of negative information. The dot-probe task has been widely used to study this phenomenon. Recent findings suggest that biased processing of positive information might also be an important aspect of developing psychopathological symptoms. However, despite some evidence suggesting persons with symptoms of depression and anxiety may avoid positive information, many dot-probe studies have produced null findings. The present review used conventional and novel meta-analytic methods to evaluate dot-probe attentional biases away from positive information and, for comparison, toward negative information, in depressed and anxious individuals. Results indicated that avoidance of positive information is a real effect exhibiting substantial evidential value among persons experiencing psychopathology, with individuals evidencing primary symptoms of depression clearly demonstrating this effect. Different theoretical explanations for these findings are evaluated, including those positing threat-processing structures, even-handedness, self-regulation, and reward devaluation, with the novel theory of reward devaluation emphasized and expanded. These novel findings and theory suggest that avoidance of prospective reward helps to explain the cause and sustainability of depressed states. Suggestions for future research and methodological advances are discussed. (c) 2015 APA, all rights reserved).

18 CFR 1301.46 - Criteria for closing meetings.

Code of Federal Regulations, 2011 CFR

2011-04-01

... which regulates currencies, securities, commodities, or financial institutions, be likely to (i) lead to significant financial speculation in currencies, securities, or commodities, or (ii) significantly endanger...

18 CFR 1301.46 - Criteria for closing meetings.

Code of Federal Regulations, 2010 CFR

2010-04-01

... which regulates currencies, securities, commodities, or financial institutions, be likely to (i) lead to significant financial speculation in currencies, securities, or commodities, or (ii) significantly endanger...

Effect of currency exchange rate fluctuations on Aid Effectiveness in the Health Sector in Zambia.

PubMed

Chansa, Collins; Sundewall, Jesper; Östlund, Numi

2018-06-22

Development assistance for health (DAH) remains a significant and important source of health financing in many low and lower middle-income countries. However, this assistance has not been fully effective. This study explores the effect of currency exchange rate fluctuations on volatility of DAH in Zambia using a mixed methods approach. Data covering the period 1997-2008 were collected from various financial and programmatic reports, while six key informant interviews were conducted to validate and translate findings from the quantitative analysis. Results show fluctuations in the volume of funds disbursed to the Ministry of Health by donors due to changes in the exchange rates between non-US$ currencies and the US$, ranging from -11.1% to +13.4% during the period 1997-2008. The overall effect was a loss of US$ 13.4 million over the period 1997-2008 which is equivalent to an annual average loss of US$ 1.1 million per annum. There were also fluctuations in the US$ amount that was converted to the Zambian Kwacha to fund districts ranging from -22% to +22% over the same period. The monthly average loss that was incurred was US$ 302 214 per month, but large gains and losses were observed when individual months were analysed. Information from key informants suggest that currency exchange rate losses contribute to reductions in the health workforce, quantity and quality of health services, while currency exchange rate gains can contribute to reduced absorption capacity and/or low utilization of financial resources. The study concludes that fluctuations in currency exchange rates contribute to volatility in DAH, reduces financial stability and leads to unpredictability of DAH which ultimately affects health service delivery. For DAH to be effective, governments and donors should increase awareness and work systematically to mitigate currency exchange risks.

Stimulus-category competition, inhibition, and affective devaluation: a novel account of the uncanny valley

PubMed Central

Ferrey, Anne E.; Burleigh, Tyler J.; Fenske, Mark J.

2015-01-01

Stimuli that resemble humans, but are not perfectly human-like, are disliked compared to distinctly human and non-human stimuli. Accounts of this “Uncanny Valley” effect often focus on how changes in human resemblance can evoke different emotional responses. We present an alternate account based on the novel hypothesis that the Uncanny Valley is not directly related to ‘human-likeness’ per se, but instead reflects a more general form of stimulus devaluation that occurs when inhibition is triggered to resolve conflict between competing stimulus-related representations. We consider existing support for this inhibitory-devaluation hypothesis and further assess its feasibility through tests of two corresponding predictions that arise from the link between conflict-resolving inhibition and aversive response: (1) that the pronounced disliking of Uncanny-type stimuli will occur for any image that strongly activates multiple competing stimulus representations, even in the absence of any human-likeness, and (2) that the negative peak of an ‘Uncanny Valley’ should occur at the point of greatest stimulus-related conflict and not (in the presence of human-likeness) always closer to the ‘human’ end of a perceptual continuum. We measured affective responses to a set of line drawings representing non-human animal–animal morphs, in which each continuum midpoint was a bistable image (Experiment 1), as well as to sets of human-robot and human-animal computer-generated morphs (Experiment 2). Affective trends depicting classic Uncanny Valley functions occurred for all continua, including the non-human stimuli. Images at continua midpoints elicited significantly more negative affect than images at endpoints, even when the continua included a human endpoint. This illustrates the feasibility of the inhibitory-devaluation hypothesis and the need for further research into the possibility that the strong dislike of Uncanny-type stimuli reflects the negative affective consequences of cognitive inhibition. PMID:25821439

Stimulus-category competition, inhibition, and affective devaluation: a novel account of the uncanny valley.

PubMed

Ferrey, Anne E; Burleigh, Tyler J; Fenske, Mark J

2015-01-01

Stimuli that resemble humans, but are not perfectly human-like, are disliked compared to distinctly human and non-human stimuli. Accounts of this "Uncanny Valley" effect often focus on how changes in human resemblance can evoke different emotional responses. We present an alternate account based on the novel hypothesis that the Uncanny Valley is not directly related to 'human-likeness' per se, but instead reflects a more general form of stimulus devaluation that occurs when inhibition is triggered to resolve conflict between competing stimulus-related representations. We consider existing support for this inhibitory-devaluation hypothesis and further assess its feasibility through tests of two corresponding predictions that arise from the link between conflict-resolving inhibition and aversive response: (1) that the pronounced disliking of Uncanny-type stimuli will occur for any image that strongly activates multiple competing stimulus representations, even in the absence of any human-likeness, and (2) that the negative peak of an 'Uncanny Valley' should occur at the point of greatest stimulus-related conflict and not (in the presence of human-likeness) always closer to the 'human' end of a perceptual continuum. We measured affective responses to a set of line drawings representing non-human animal-animal morphs, in which each continuum midpoint was a bistable image (Experiment 1), as well as to sets of human-robot and human-animal computer-generated morphs (Experiment 2). Affective trends depicting classic Uncanny Valley functions occurred for all continua, including the non-human stimuli. Images at continua midpoints elicited significantly more negative affect than images at endpoints, even when the continua included a human endpoint. This illustrates the feasibility of the inhibitory-devaluation hypothesis and the need for further research into the possibility that the strong dislike of Uncanny-type stimuli reflects the negative affective consequences of cognitive inhibition.

Reward-Related Behavioral Paradigms for Addiction Research in the Mouse: Performance of Common Inbred Strains

PubMed Central

Feyder, Michael; Brigman, Jonathan L.; Crombag, Hans S.; Saksida, Lisa M.; Bussey, Timothy J.; Holmes, Andrew

2011-01-01

The mouse has emerged as a uniquely valuable species for studying the molecular and genetic basis of complex behaviors and modeling neuropsychiatric disease states. While valid and reliable preclinical assays for reward-related behaviors are critical to understanding addiction-related processes, and various behavioral procedures have been developed and characterized in rats and primates, there have been relatively few studies using operant-based addiction-relevant behavioral paradigms in the mouse. Here we describe the performance of the C57BL/6J inbred mouse strain on three major reward-related paradigms, and replicate the same procedures in two other commonly used inbred strains (DBA/2J, BALB/cJ). We examined Pavlovian-instrumental transfer (PIT) by measuring the ability of an auditory cue associated with food reward to promote an instrumental (lever press) response. In a separate experiment, we assessed the acquisition and extinction of a simple stimulus-reward instrumental behavior on a touchscreen-based task. Reinstatement of this behavior was then examined following either continuous exposure to cues (conditioned reinforcers, CRs) associated with reward, brief reward and CR exposure, or brief reward exposure followed by continuous CR exposure. The third paradigm examined sensitivity of an instrumental (lever press) response to devaluation of food reward (a probe for outcome insensitive, habitual behavior) by repeated pairing with malaise. Results showed that C57BL/6J mice displayed robust PIT, as well as clear extinction and reinstatement, but were insensitive to reinforcer devaluation. DBA/2J mice showed good PIT and (rewarded) reinstatement, but were slow to extinguish and did not show reinforcer devaluation or significant CR-reinstatement. BALB/cJ mice also displayed good PIT, extinction and reinstatement, and retained instrumental responding following devaluation, but, unlike the other strains, demonstrated reduced Pavlovian approach behavior (food magazine head entries). Overall, these assays provide robust paradigms for future studies using the mouse to elucidate the neural, molecular and genetic factors underpinning reward-related behaviors relevant to addiction research. PMID:21249214

Reward-related behavioral paradigms for addiction research in the mouse: performance of common inbred strains.

PubMed

Lederle, Lauren; Weber, Susanna; Wright, Tara; Feyder, Michael; Brigman, Jonathan L; Crombag, Hans S; Saksida, Lisa M; Bussey, Timothy J; Holmes, Andrew

2011-01-10

The mouse has emerged as a uniquely valuable species for studying the molecular and genetic basis of complex behaviors and modeling neuropsychiatric disease states. While valid and reliable preclinical assays for reward-related behaviors are critical to understanding addiction-related processes, and various behavioral procedures have been developed and characterized in rats and primates, there have been relatively few studies using operant-based addiction-relevant behavioral paradigms in the mouse. Here we describe the performance of the C57BL/6J inbred mouse strain on three major reward-related paradigms, and replicate the same procedures in two other commonly used inbred strains (DBA/2J, BALB/cJ). We examined Pavlovian-instrumental transfer (PIT) by measuring the ability of an auditory cue associated with food reward to promote an instrumental (lever press) response. In a separate experiment, we assessed the acquisition and extinction of a simple stimulus-reward instrumental behavior on a touch screen based task. Reinstatement of this behavior was then examined following either continuous exposure to cues (conditioned reinforcers, CRs) associated with reward, brief reward and CR exposure, or brief reward exposure followed by continuous CR exposure. The third paradigm examined sensitivity of an instrumental (lever press) response to devaluation of food reward (a probe for outcome insensitive, habitual behavior) by repeated pairing with malaise. Results showed that C57BL/6J mice displayed robust PIT, as well as clear extinction and reinstatement, but were insensitive to reinforcer devaluation. DBA/2J mice showed good PIT and (rewarded) reinstatement, but were slow to extinguish and did not show reinforcer devaluation or significant CR-reinstatement. BALB/cJ mice also displayed good PIT, extinction and reinstatement, and retained instrumental responding following devaluation, but, unlike the other strains, demonstrated reduced Pavlovian approach behavior (food magazine head entries). Overall, these assays provide robust paradigms for future studies using the mouse to elucidate the neural, molecular and genetic factors underpinning reward-related behaviors relevant to addiction research.

"Healthier than thou? 'Practicing what you preach' backfires by increasing anticipated devaluation": Correction to Howe and Monin (2017).

PubMed

2017-05-01

Reports an error in "Healthier Than Thou? "Practicing What You Preach" Backfires by Increasing Anticipated Devaluation" by Lauren C. Howe and Benoît Monin ( Journal of Personality and Social Psychology , Advanced Online Publication, Feb 27, 2017, np). In the article, the beginning phrase of the second paragraph of the Internal Meta-Analysis of Studies 3 Through 5 section is incorrect. It should instead begin as follows: Across the three studies. The Monin et al. (2014) reference in both the References list and in text is included in error. The correct citation should read as follows: Monin, B., & Oppenheimer, D. M. (2014). The limits of direct replications and the virtues of stimulus sampling: Commentary on Klein et al., 2014. Social Psychology , 45, 299-300. (The following abstract of the original article appeared in record 2017-08697-001.) Should experts always practice what they preach? When an expert displays exemplary behavior, individuals who fear negative devaluation sometimes anticipate that this expert will look down on them. As a result, displays of excellence can paradoxically turn off the very people they are trying to inspire. Five studies document this in the medical domain, showing that individuals who are overweight or obese and concerned about their weight avoid physicians who advertise their fitness, for fear that these doctors will judge them negatively. People (erroneously) believe that doctors have healthier habits than other individuals (Study 1), doctors advertise healthy habits (Study 2), and overweight individuals anticipate devaluation from, and thus avoid and feel less comfortable with, doctors who portray themselves as fitness-focused (Study 3). Studies 4 and 5 test strategies for physicians to emphasize their own fitness without turning off weight-sensitive patients. This work demonstrates that it is critical to take into account ego-defensive processes when attempting to lead by example. (PsycINFO Database Record (c) 2017 APA, all rights reserved).

Making Policy in the Shadow of the Future

DTIC Science & Technology

2010-01-01

dollar would be replaced as the inter- national currency by the euro; the International Monetary Fund’s synthetic blend of curren- cies, known as SDRs...Special Drawing Rights); or even the Chinese renminbi. Indeed, in June 2009, the Chinese Central Bank called for the creation of a new reserve currency ...2006.32 Nor do short-term rates reflect panic on the part of debt holders. The U.S. dollar remains the international reserve currency . The reasons

Cross-correlations between Renminbi and four major currencies in the Renminbi currency basket

NASA Astrophysics Data System (ADS)

Wang, Gang-Jin; Xie, Chi

2013-03-01

We investigate the cross-correlations between Renminbi (CNY) and four major currencies (USD, EUR, JPY, and KRW) in the Renminbi currency basket, i.e., the cross-correlations of CNY-USD, CNY-EUR, CNY-JPY, and CNY-KRW. Qualitatively, using a statistical test in analogy to the Ljung-Box test, we find that cross-correlations significantly exist in CNY-USD, CNY-EUR, CNY-JPY, and CNY-KRW. Quantitatively, employing the detrended cross-correlation analysis (DCCA) method, we find that the cross-correlations of CNY-USD, CNY-EUR, CNY-JPY, and CNY-KRW are weakly persistent. We use the DCCA cross-correlation coefficient ρ to quantify the level of cross-correlations and find the currency weight in the Renminbi currency basket is arranged in the order of USD>EUR>JPY >KRW. Using the method of rolling windows, which can capture the time-varying cross-correlation scaling exponents, we find that: (i) CNY and USD are positively cross-correlated over time, but the cross-correlations of CNY-USD are anti-persistent during the US sub-prime crisis and the European debt crisis. (ii) The cross-correlation scaling exponents of CNY-EUR have the cyclical fluctuation with a nearly two-year cycle. (iii) CNY-JPY has long-term negative cross-correlations, during the European debt crisis, but CNY and KRW are positively cross-correlated.

Inference of financial networks using the normalised mutual information rate.

PubMed

Goh, Yong Kheng; Hasim, Haslifah M; Antonopoulos, Chris G

2018-01-01

In this paper, we study data from financial markets, using the normalised Mutual Information Rate. We show how to use it to infer the underlying network structure of interrelations in the foreign currency exchange rates and stock indices of 15 currency areas. We first present the mathematical method and discuss its computational aspects, and apply it to artificial data from chaotic dynamics and to correlated normal-variates data. We then apply the method to infer the structure of the financial system from the time-series of currency exchange rates and stock indices. In particular, we study and reveal the interrelations among the various foreign currency exchange rates and stock indices in two separate networks, of which we also study their structural properties. Our results show that both inferred networks are small-world networks, sharing similar properties and having differences in terms of assortativity. Importantly, our work shows that global economies tend to connect with other economies world-wide, rather than creating small groups of local economies. Finally, the consistent interrelations depicted among the 15 currency areas are further supported by a discussion from the viewpoint of economics.

Forecasting currency circulation data of Bank Indonesia by using hybrid ARIMAX-ANN model

NASA Astrophysics Data System (ADS)

Prayoga, I. Gede Surya Adi; Suhartono, Rahayu, Santi Puteri

2017-05-01

The purpose of this study is to forecast currency inflow and outflow data of Bank Indonesia. Currency circulation in Indonesia is highly influenced by the presence of Eid al-Fitr. One way to forecast the data with Eid al-Fitr effect is using autoregressive integrated moving average with exogenous input (ARIMAX) model. However, ARIMAX is a linear model, which cannot handle nonlinear correlation structures of the data. In the field of forecasting, inaccurate predictions can be considered caused by the existence of nonlinear components that are uncaptured by the model. In this paper, we propose a hybrid model of ARIMAX and artificial neural networks (ANN) that can handle both linear and nonlinear correlation. This method was applied for 46 series of currency inflow and 46 series of currency outflow. The results showed that based on out-of-sample root mean squared error (RMSE), the hybrid models are up to10.26 and 10.65 percent better than ARIMAX for inflow and outflow series, respectively. It means that ANN performs well in modeling nonlinear correlation of the data and can increase the accuracy of linear model.

Inference of financial networks using the normalised mutual information rate

PubMed Central

2018-01-01

In this paper, we study data from financial markets, using the normalised Mutual Information Rate. We show how to use it to infer the underlying network structure of interrelations in the foreign currency exchange rates and stock indices of 15 currency areas. We first present the mathematical method and discuss its computational aspects, and apply it to artificial data from chaotic dynamics and to correlated normal-variates data. We then apply the method to infer the structure of the financial system from the time-series of currency exchange rates and stock indices. In particular, we study and reveal the interrelations among the various foreign currency exchange rates and stock indices in two separate networks, of which we also study their structural properties. Our results show that both inferred networks are small-world networks, sharing similar properties and having differences in terms of assortativity. Importantly, our work shows that global economies tend to connect with other economies world-wide, rather than creating small groups of local economies. Finally, the consistent interrelations depicted among the 15 currency areas are further supported by a discussion from the viewpoint of economics. PMID:29420644

Scaling and correlations in foreign exchange market

NASA Astrophysics Data System (ADS)

Jiang, J.; Ma, K.; Cai, X.

2007-02-01

We observe that the distribution of the relative return, describing the variation of a certain currency, of 74 global currencies obeys a power-law. By using the random matrix theory we find that the distribution of eigenvalues of correlation matrix of relative return also follows a power-law. Using a scaled factorial moment we investigate the distribution of correlation coefficients of the relative return and observe intermittence phenomenon. Furthermore, we define the influence strength for a certain currency, which reflects the influence of its price change to the community interested. By doing that, we find that the distribution of influence strength is again a power-law. Beyond that, we compare the influence strength of Chinese Yuan (RMB) to those of other seven important currencies, which may have some interesting indications.

Community Currency Trading Method through Partial Transaction Intermediary Process

NASA Astrophysics Data System (ADS)

Kido, Kunihiko; Hasegawa, Seiichi; Komoda, Norihisa

A community currency is local money that is issued by local governments or Non-Profit Organization (NPO) to support social services. The purpose of introducing community currencies is to regenerate communities by fostering mutual aids among community members. In this paper, we propose a community currency trading method through partial intermediary process, under operational environments without introducing coordinators all the time. In this method, coordinators perform coordination between service users and service providers during several months from the start point of transactions. After the period of coordination, participants spontaneously make transactions based on their trust area and a trust evaluation method based on the number of provided services and complaint information. This method is especially effective to communities with close social networks and low trustworthiness. The proposed method is evaluated through multi-agent simulation.

DOE Office of Scientific and Technical Information (OSTI.GOV)

Segev, A.; Fang, W.

In currency-based updates, processing a query to a materialized view has to satisfy a currency constraint which specifies the maximum time lag of the view data with respect to a transaction database. Currency-based update policies are more general than periodical, deferred, and immediate updates; they provide additional opportunities for optimization and allow updating a materialized view from other materialized views. In this paper, we present algorithms to determine the source and timing of view updates and validate the resulting cost savings through simulation results. 20 refs.

Intersectionality of internalized HIV stigma and internalized substance use stigma: Implications for depressive symptoms

PubMed Central

Earnshaw, Valerie A; Smith, Laramie R; Cunningham, Chinazo O; Copenhaver, Michael M

2016-01-01

We adopted an intersectionality framework and examined whether the relationship between internalized HIV stigma and depressive symptoms is moderated by internalized substance use stigma. A total of 85 people living with HIV with a history of substance use in the Bronx, New York, completed a survey. Results revealed evidence of moderation: Participants who internalized HIV stigma experienced greater depressive symptoms only if they also internalized substance use stigma. Researchers should examine stigma associated with multiple socially devalued characteristics to best understand how stigma impacts mental health among people living with HIV. Healthcare providers should address stigma associated with the full range of socially devalued characteristics with which people living with HIV live. PMID:24170015

Intersectionality of internalized HIV stigma and internalized substance use stigma: Implications for depressive symptoms.

PubMed

Earnshaw, Valerie A; Smith, Laramie R; Cunningham, Chinazo O; Copenhaver, Michael M

2015-08-01

We adopted an intersectionality framework and examined whether the relationship between internalized HIV stigma and depressive symptoms is moderated by internalized substance use stigma. A total of 85 people living with HIV with a history of substance use in the Bronx, New York, completed a survey. Results revealed evidence of moderation: Participants who internalized HIV stigma experienced greater depressive symptoms only if they also internalized substance use stigma. Researchers should examine stigma associated with multiple socially devalued characteristics to best understand how stigma impacts mental health among people living with HIV. Healthcare providers should address stigma associated with the full range of socially devalued characteristics with which people living with HIV live. © The Author(s) 2013.

Microbial load and safety of paper currencies from some food vendors in Jimma Town, Southwest Ethiopia.

PubMed

Girma, Gosa; Ketema, Tsige; Bacha, Ketema

2014-11-25

Paper currency is used for every type of commerce and plays an important role in the life of human beings. However, the combination of its widespread use and constant exchange make paper currency a likely agent for disease transmission. Thus, the aim of this study was to evaluate the microbial load and safety of Ethiopian paper currencies collected from some food vendors in Jimma town. Standard microbiological methods were used for the enumeration of various microbial groups, isolation and characterization of pathogenic bacteria and their growth potential in selected weaning foods. A total of 100 samples of Ethiopian paper currencies, consisting of five denominations, from street food venders, hotels and cafeterias in Jimma town were collected aseptically. Sterile cotton swabs moistened with buffered peptone water solution were used for swabbing and the swabs were separately soaked into 10 ml sterile buffered peptone water solution. Mean microbial counts of Aerobic mesophilic bacteria, Staphylococci, Enterobacteriaceae, coliforms and Aerobic bacterial spores were (log CFU/cm2) 6.32, 4.43, 3.14, 2.98 and 3.78, respectively. However, mean counts of Yeasts and Moulds were below detectable levels. There was statistically significant variation (p<0.05) among the mean counts of microbes isolated from samples of paper currencies. The predominantly isolated microbial groups were Staphylococcus spp. (34.06%) followed by Bacillus spp. (31.88%), Enterobacteraceae (13.39%), Micrococcus spp. (9.55%) and Streptococcus spp. (9.03%). Overall, 25% and 10% of the samples were positive for S. aureus and Salmonella spp, respectively. In challenge study, Salmonella spp. and S. aureus reached the infective dose within 12 to 18 hours of inoculation. Thus, paper currencies could be considered as one of the possible vehicles for transmission of disease causing microorganisms. Poor handling practices and personal hygiene of the food vendors could contribute to the observed microbial counts. Thus, it calls for awareness development on the potential risks associated with poor handling of paper currencies at all level of the food establishments.

26 CFR 1.6041-4 - Foreign-related items and other exceptions.

Code of Federal Regulations, 2010 CFR

2010-04-01

... notional principal contracts between the parties (for example, an International Swap and Derivatives... dollars of amounts paid in foreign currency. For rules concerning foreign currency conversion, see § 1...

19 CFR 159.33 - Proclaimed rate.

Code of Federal Regulations, 2010 CFR

2010-04-01

... currency involved, such proclaimed rate shall be used unless it varies by 5 percent or more from the... (CONTINUED) LIQUIDATION OF DUTIES Conversion of Foreign Currency § 159.33 Proclaimed rate. If a rate of...

12 CFR 281.1 - Policy regarding the Government in the Sunshine Act.

Code of Federal Regulations, 2010 CFR

2010-01-01

... which regulates currencies, securities, commodities, or financial institutions, be likely to lead to significant financial speculation in currencies, securities, or commodities.” 3 3 Government in the Sunshine...

12 CFR 281.1 - Policy regarding the Government in the Sunshine Act.

Code of Federal Regulations, 2011 CFR

2011-01-01

... which regulates currencies, securities, commodities, or financial institutions, be likely to lead to significant financial speculation in currencies, securities, or commodities.” 3 3 Government in the Sunshine...

Soft currencies, cash economies, new monies: Past and present

PubMed Central

Guyer, Jane I.

2012-01-01

Current variation in the forms of money challenges economic anthropologists and historians to review theory and comparative findings on multiple currency systems. There are four main sections to the paper devoted to (i) the present continuum of hard to soft currencies as an instance of multiplicity, including discussion of different combinations of the classic four functions of money, especially the relationship between store of value and medium of exchange; (ii) the logic of anthropological inquiry into multiple currency economies; (iii) the case of the monies of Atlantic Africa, applying the analytics of exchange rates as conversions to African transactions; and (iv) the return to economic life in a present day Nigerian economy lived in soft currency and cash. The paper identifies five findings that suggest foci for future research. (i) The widespread occurrence of conversions, which bring together ranking principles within transactions. (ii) Several types of positional ranking ranging from simple stepwise ordinal scales to iconic ordinality that creates a parabolic curve of value. (iii) Fictional units of account that serve to mediate both the memorization of nonreductive transactions and their nature as conversions. (iv) The importance of the temporal reach of what constitutes wealth: over the short run, the life span, intergenerational succession, and in (legal) perpetuity (as for corporate and sovereign debts and specified assets). (v) The social niches in which these qualities are brought together in transactional regimes. In conclusion, the paper returns to the exchange function of cash, soft currencies, and new money forms. PMID:22308423

Integrated model of multiple kernel learning and differential evolution for EUR/USD trading.

PubMed

Deng, Shangkun; Sakurai, Akito

2014-01-01

Currency trading is an important area for individual investors, government policy decisions, and organization investments. In this study, we propose a hybrid approach referred to as MKL-DE, which combines multiple kernel learning (MKL) with differential evolution (DE) for trading a currency pair. MKL is used to learn a model that predicts changes in the target currency pair, whereas DE is used to generate the buy and sell signals for the target currency pair based on the relative strength index (RSI), while it is also combined with MKL as a trading signal. The new hybrid implementation is applied to EUR/USD trading, which is the most traded foreign exchange (FX) currency pair. MKL is essential for utilizing information from multiple information sources and DE is essential for formulating a trading rule based on a mixture of discrete structures and continuous parameters. Initially, the prediction model optimized by MKL predicts the returns based on a technical indicator called the moving average convergence and divergence. Next, a combined trading signal is optimized by DE using the inputs from the prediction model and technical indicator RSI obtained from multiple timeframes. The experimental results showed that trading using the prediction learned by MKL yielded consistent profits.

31 CFR 1021.310 - Reports of transactions in currency.

Code of Federal Regulations, 2011 CFR

2011-07-01

... (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR CASINOS AND CARD CLUBS Reports Required To Be Made By Casinos and Card Clubs § 1021.310 Reports of transactions in currency. The...

31 CFR 1021.310 - Reports of transactions in currency.

Code of Federal Regulations, 2013 CFR

2013-07-01

... (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR CASINOS AND CARD CLUBS Reports Required To Be Made By Casinos and Card Clubs § 1021.310 Reports of transactions in currency. The...

31 CFR 1021.310 - Reports of transactions in currency.

Code of Federal Regulations, 2014 CFR

2014-07-01

... (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR CASINOS AND CARD CLUBS Reports Required To Be Made By Casinos and Card Clubs § 1021.310 Reports of transactions in currency. The...

31 CFR 1021.310 - Reports of transactions in currency.

Code of Federal Regulations, 2012 CFR

2012-07-01

... (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR CASINOS AND CARD CLUBS Reports Required To Be Made By Casinos and Card Clubs § 1021.310 Reports of transactions in currency. The...

Determining the neural substrates of goal-directed learning in the human brain.

PubMed

Valentin, Vivian V; Dickinson, Anthony; O'Doherty, John P

2007-04-11

Instrumental conditioning is considered to involve at least two distinct learning systems: a goal-directed system that learns associations between responses and the incentive value of outcomes, and a habit system that learns associations between stimuli and responses without any link to the outcome that that response engendered. Lesion studies in rodents suggest that these two distinct components of instrumental conditioning may be mediated by anatomically distinct neural systems. The aim of the present study was to determine the neural substrates of the goal-directed component of instrumental learning in humans. Nineteen human subjects were scanned with functional magnetic resonance imaging while they learned to choose instrumental actions that were associated with the subsequent delivery of different food rewards (tomato juice, chocolate milk, and orange juice). After training, one of these foods was devalued by feeding the subject to satiety on that food. The subjects were then scanned again, while being re-exposed to the instrumental choice procedure (in extinction). We hypothesized that regions of the brain involved in goal-directed learning would show changes in their activity as a function of outcome devaluation. Our results indicate that neural activity in one brain region in particular, the orbitofrontal cortex, showed a strong modulation in its activity during selection of a devalued compared with a nondevalued action. These results suggest an important contribution of orbitofrontal cortex in guiding goal-directed instrumental choices in humans.

The prognostic relevance of psychological factors with regard to participation and success in table-tennis.

PubMed

Martinent, Guillaume; Cece, Valérian; Elferink-Gemser, Marije Titia; Faber, Irene Renate; Decret, Jean-Claude

2018-05-15

This study examined the prognostic relevance of self-determined motivation, coping, burnout, perceived stress and recovery experienced by 159 youth table-tennis players involved in intensive training centers with regard to their participation and success six years later. Results of ANCOVAs showed that players who still practiced at time 2 (T2; six years later; n = 130) reported lower time 1 (T1; while they were involved in intensive training centers) amotivation (large effect), disengagement-oriented coping, sport devaluation and reduced accomplishment (moderate effects) than their counterparts who dropped out at T2 (n = 29). Results of ANCOVAs also showed that international (n = 18) and/or national players (n = 86) at T2 reported significantly lower T1 amotivation (large effect), disengagement-oriented coping and sport devaluation (moderate effects) in comparison to regional (n = 26) players at T2. Finally results of correlational analyses showed that T2 performance and/or six-year performance progress were significantly and weakly correlated with introjected and external regulations, perceived stress and perceived recovery, and significantly and moderately correlated with amotivation, disengagement-oriented coping, sport devaluation, and reduced accomplishment. Overall, this study provided insights into the role played by self-determined motivation, coping, burnout, perceived stress and recovery in the table-tennis players' dropout and performance level six years later.

Changes in the perception of alcohol-related stigma in Germany over the last two decades.

PubMed

Schomerus, Georg; Matschinger, Herbert; Lucht, Michael J; Angermeyer, Matthias C

2014-10-01

Alcohol dependence is a severely stigmatized disorder. Perceived stigma may deter help-seeking and is associated with higher co-morbidity and self-stigma in persons with alcohol dependence. We assess changes in the perception of alcohol-related stigma over 21 years in the general population. Two representative population surveys using identical methodology were conducted in Germany in 1990 and 2011 (n=1022 and n=967), eliciting the perceived discrimination and devaluation of someone with a history of alcohol problems as measured with an adoption of Link's Perceived Discrimination and Devaluation Scale (aPDDS), and perceived negative stereotypes of an "alcoholic." Both on item level and using factor scores, attitudes changed significantly between 1990 and 2011. Perceived discrimination and devaluation of someone with a history of alcohol dependence decreased considerably by 0.44 standard deviations (SD). Perceived negative stereotypes related to unpredictability of an "alcoholic" increased slightly by 0.15 SD, while perceived stereotypes related to strangeness decreased (-0.23 SD). Our findings suggest that particularly the image of someone who has received treatment for alcohol dependence has improved in Germany. This parallels increasing acceptance of professional treatment for alcohol dependence among the general population over the last twenty years, and contrasts with overall unchanged negative attitudes toward persons who actually suffer from alcohol problems. Copyright © 2014 Elsevier Ireland Ltd. All rights reserved.

Self-stigma, perceived discrimination and empowerment among people with a mental illness in six countries: Pan European stigma study.

PubMed

Krajewski, Christin; Burazeri, Genc; Brand, Helmut

2013-12-30

A cross-sectional study including 796 individuals with a psychiatric disorder was conducted in Croatia, Israel, Lithuania, Malta, Romania and Sweden in 2010 aiming to assess correlates of self-stigma. The Internalized Stigma of Mental Illness (ISMI) was used to measure self-stigma, whereas the Boston University Empowerment Scale was used to measure the self-efficacy/self-esteem (SESE) and sense of power/powerlessness (PP). Perceived discrimination and devaluation was measured with the Perceived Devaluation and Discrimination (PDD) Scale. Thirty three percent of participants had moderate-to-high ISMI scores. In multivariable-adjusted analysis, significant 'predictors' of high ISMI scores were: age-group of 50-59 years, current employment, lower social contacts, and minimal-to-low SESE and PP scores. Remarkably, no significant association between ISMI and PDD was evident. Furthermore, there was evidence of a significant interaction between SESE and country. Study participants might not be representative to all individuals with mental disorders in countries included in this survey. Our findings indicate that people with psychiatric diseases suffer both self-stigma and perceived discrimination and devaluation. This is one of the very few reports highlighting country differences and diagnosis disparities of self-stigma among individuals with mental illnesses. Between-country differences should be considered and carefully addressed in the process of policy formulation and interventional programs against stigma. Copyright © 2013 Elsevier Ireland Ltd. All rights reserved.

Contextual control of instrumental actions and habits

PubMed Central

Thrailkill, Eric A.; Bouton, Mark E.

2014-01-01

After a relatively small amount of training, instrumental behavior is thought to be an action under the control of the motivational status of its goal or reinforcer. After more extended training, behavior can become habitual and insensitive to changes in reinforcer value. Recently, instrumental responding has been shown to weaken when tested outside of the training context. The present experiments compared the sensitivity of instrumental responding in rats to a context switch after training procedures that might differentially generate actions or habits. In Experiment 1, lever pressing was decremented in a new context after either short, medium, or long periods of training on either random-ratio or yoked random-interval reinforcement schedules. Experiment 2 found that more minimally-trained responding was also sensitive to a context switch. Moreover, Experiment 3 showed that when the goal-directed component of responding was removed by devaluing the reinforcer, the residual responding that remained was still sensitive to the change of context. Goal-directed responding, in contrast, transferred across contexts. Experiment 4 then found that after extensive training, a habit that was insensitive to reinforcer devaluation was still decremented by a context switch. Overall, the results suggest that a context switch primarily influences instrumental habit rather than action. In addition, even a response that has received relatively minimal training may have a habit component that is insensitive to reinforcer devaluation but sensitive to the effects of a context switch. PMID:25706547

From Discrimination to Internalized Mental Illness Stigma: The Mediating Roles of Anticipated Discrimination and Anticipated Stigma

PubMed Central

Quinn, Diane M.; Williams, Michelle K.; Weisz, Bradley M.

2015-01-01

Objective Internalizing mental illness stigma is related to poorer well-being, but less is known about the factors that predict levels of internalized stigma. This study explored how experiences of discrimination relate to greater anticipation of discrimination and devaluation in the future, and how anticipation of stigma, in turn predicts greater stigma internalization. Method Participants were 105 adults with mental illness who self-reported their experiences of discrimination based on their mental illness, their anticipation of discrimination and social devaluation from others in the future, and their level of internalized stigma. Participants were approached in several locations and completed surveys on laptop computers. Results Correlational analyses indicated that more experiences of discrimination due to one’s mental illness were related to increased anticipated discrimination in the future, increased anticipated social stigma from others, and greater internalized stigma. Multiple serial mediator analyses showed that the effect of experiences of discrimination on internalized stigma was fully mediated by increased anticipated discrimination and anticipated stigma. Conclusion and Implications for Practice Experiences of discrimination over the lifetime may influence not only how much future discrimination people with mental illness are concerned with but also how much they internalize negative feelings about the self. Mental health professionals may need to address concerns with future discrimination and devaluation in order to decrease internalized stigma. PMID:25844910

An investigation of habit learning in Anorexia Nervosa.

PubMed

Godier, Lauren R; de Wit, Sanne; Pinto, Anthony; Steinglass, Joanna E; Greene, Ashley L; Scaife, Jessica; Gillan, Claire M; Walsh, B Timothy; Simpson, Helen-Blair; Park, Rebecca J

2016-10-30

Anorexia Nervosa (AN) is a disorder characterised by compulsive behaviour, such as self-starvation and excessive exercise, which develop in the pursuit of weight-loss. Recent theory suggests that once established, compulsive weight-loss behaviours in AN may become habitual. In two parallel studies, we measured whether individuals with AN showed a bias toward habits using two outcome-devaluation tasks. In Study 1, 23 women with AN (restrictive and binge/purge subtypes), and 18 healthy controls (HC) completed the slips-of-action paradigm, designed to assess reward-based habits. In Study 2, 13 women with restrictive AN, 14 women recovered from restrictive AN, and 17 female HC participants completed the slips-of-action paradigm, and an avoidance paradigm, designed to assess aversive habits. AN participants showed no deficit relative to HCs in the ability to use feedback to respond correctly to stimuli. Following devaluation of outcomes, all groups in both studies were equally able to withhold inappropriate responses, suggesting no deficit in the balance between goal-directed and habitual control of behaviour in these tasks in AN. These results suggest that individuals with AN do not show a generalised tendency to rely on habits in two outcome-devaluation tasks. Future research is needed to investigate the potential role of disorder-specific habits in the maintenance of behaviour in AN. Copyright © 2016. Published by Elsevier Ireland Ltd.

Differentiating neural systems mediating the acquisition versus expression of goal-directed and habitual behavioral control

PubMed Central

Liljeholm, Mimi; Dunne, Simon; O'Doherty, John P.

2015-01-01

Considerable behavioral data indicates that operant actions can become habitual, as evidenced by insensitivity to changes in the action-outcome contingency and in subjective outcome values. Notably, although several studies have investigated the neural substrates of habits, none has clearly differentiated the areas of the human brain that support habit formation from those that implement habitual control. We scanned participants with fMRI as they learned and performed an operant task in which the conditional structure of the environment encouraged either goal-directed encoding of the consequences of actions, or a habit-like mapping of actions to antecedent cues. Participants were also scanned during a subsequent assessment of insensitivity to outcome devaluation. We identified dissociable roles of the cerebellum and ventral striatum, across learning and test performance, in behavioral insensitivity to outcome devaluation. We also show that the inferior parietal lobule – an area previously implicated in several aspects of goal-directed action selection, including the attribution of intent and awareness of agency – predicts sensitivity to outcome devaluation. Finally, we reveal a potential functional homology between the human subgenual cortex and rodent infralimbic cortex in the implementation of habitual control. In summary, our findings suggest a broad systems division, at the cortical and subcortical levels, between brain areas mediating the encoding and expression of action-outcome and stimulus-response associations. PMID:25892332

Evaluating public awareness of new currency design features

NASA Astrophysics Data System (ADS)

DiNunzio, Lisa; Church, Sara E.

2002-04-01

One of the goals of the 1996 series design was to integrate highly recognizable features that enable the general public to more easily distinguish counterfeit from genuine notes, thereby reducing the chance of counterfeit notes being passed. The purpose of this study is to evaluate how knowledgeable the public is concerning the new currency, to identify the channels through which the public learns about new currency design, and to assess the usefulness of the new currency's authentication features. Also, the study will serve as a baseline measurement for future design studies and in comparative analysis with other countries. The results of the qualitative research will be described in the following sections of this paper. The quantitative research is scheduled to begin in February 2002, at the same time as the Netherlands' opinion poll of the Euro and NLG-notes in an effort to compare results.

The value of human life in contemporary society. The global biography project.

PubMed

Nary, G

1997-12-01

The closing address at the 1997 First International Conference on Healthcare Resource Allocation for HIV/AIDS and Other Life-Threatening Illnesses is presented. The address discusses the extrinsic value of life and the three forms of material value: spiritual, economic, and political, placed on life by an outside source. It is argued that if spiritual currency, rather than economic or political currency, drove public policy there would be greater progress in reducing the global rate of HIV and more options for care. Further, lack of identity of those afflicted with HIV reduces them to mere statistics, thus decreasing their economic and political clout. Giving identities to people who are sick not only increases empathy but also increases their survivability. The establishment of the Global Biography Project seeks to reestablish spiritual currency as the international currency that underlies every nation's healthcare policies.

Detecting a currency’s dominance using multivariate time series analysis

NASA Astrophysics Data System (ADS)

Syahidah Yusoff, Nur; Sharif, Shamshuritawati

2017-09-01

A currency exchange rate is the price of one country’s currency in terms of another country’s currency. There are four different prices; opening, closing, highest, and lowest can be achieved from daily trading activities. In the past, a lot of studies have been carried out by using closing price only. However, those four prices are interrelated to each other. Thus, the multivariate time series can provide more information than univariate time series. Therefore, the enthusiasm of this paper is to compare the results of two different approaches, which are mean vector and Escoufier’s RV coefficient in constructing similarity matrices of 20 world currencies. Consequently, both matrices are used to substitute the correlation matrix required by network topology. With the help of degree centrality measure, we can detect the currency’s dominance for both networks. The pros and cons for both approaches will be presented at the end of this paper.

Structure and Evolution of the Foreign Exchange Networks

NASA Astrophysics Data System (ADS)

Kwapień, J.; Gworek, S.; Drożdż, S.

2009-01-01

We investigate topology and temporal evolution of the foreign currency exchange market viewed from a weighted network perspective. Based on exchange rates for a set of 46 currencies (including precious metals), we construct different representations of the FX network depending on a choice of the base currency. Our results show that the network structure is not stable in time, but there are main clusters of currencies, which persist for a long period of time despite the fact that their size and content are variable. We find a long-term trend in the network's evolution which affects the USD and EUR nodes. In all the network representations, the USD node gradually loses its centrality, while, on contrary, the EUR node has become slightly more central than it used to be in its early years. Despite this directional trend, the overall evolution of the network is noisy.

Regulatory focus moderates the social performance of individuals who conceal a stigmatized identity.

PubMed

Newheiser, Anna-Kaisa; Barreto, Manuela; Ellemers, Naomi; Derks, Belle; Scheepers, Daan

2015-12-01

People often choose to hide a stigmatized identity to avoid bias. However, hiding stigma can disrupt social interactions. We considered whether regulatory focus qualifies the social effects of hiding stigma by examining interactions in which stigmatized participants concealed a devalued identity from non-stigmatized partners. In the Prevention Focus condition, stigmatized participants were instructed to prevent a negative impression by concealing the identity; in the Promotion Focus condition, they were instructed to promote a positive impression by concealing the identity; in the Control condition, they were simply asked to conceal the identity. Both non-stigmatized partners and independent raters rated the interactions more positively in the Promotion Focus condition. Thus, promotion focus is interpersonally beneficial for individuals who conceal a devalued identity. © 2015 The British Psychological Society.

Hierarchical structures of correlations networks among Turkey’s exports and imports by currencies

NASA Astrophysics Data System (ADS)

Kocakaplan, Yusuf; Deviren, Bayram; Keskin, Mustafa

2012-12-01

We have examined the hierarchical structures of correlations networks among Turkey’s exports and imports by currencies for the 1996-2010 periods, using the concept of a minimal spanning tree (MST) and hierarchical tree (HT) which depend on the concept of ultrametricity. These trees are useful tools for understanding and detecting the global structure, taxonomy and hierarchy in financial markets. We derived a hierarchical organization and build the MSTs and HTs during the 1996-2001 and 2002-2010 periods. The reason for studying two different sub-periods, namely 1996-2001 and 2002-2010, is that the Euro (EUR) came into use in 2001, and some countries have made their exports and imports with Turkey via the EUR since 2002, and in order to test various time-windows and observe temporal evolution. We have carried out bootstrap analysis to associate a value of the statistical reliability to the links of the MSTs and HTs. We have also used the average linkage cluster analysis (ALCA) to observe the cluster structure more clearly. Moreover, we have obtained the bidimensional minimal spanning tree (BMST) due to economic trade being a bidimensional problem. From the structural topologies of these trees, we have identified different clusters of currencies according to their proximity and economic ties. Our results show that some currencies are more important within the network, due to a tighter connection with other currencies. We have also found that the obtained currencies play a key role for Turkey’s exports and imports and have important implications for the design of portfolio and investment strategies.

31 CFR 515.530 - Exportation of powers of attorney or instructions relating to certain types of transactions.

Code of Federal Regulations, 2010 CFR

2010-07-01

... equivalent thereof in foreign currency. (c) As used in this section, the term tangible personal property... currency. (b) No instrument which authorizes the conveyance, transfer, release, sale or other disposition...

76 FR 58561 - Proposed Collection; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2011-09-21

... (202-622- 1276). Direct all written comments on foreign currency transactions and positions to: Gregory... associated with Reporting of International Capital and Foreign Currency Transactions and Positions--31 CFR... consideration. ADDRESSES: Direct all written comments on international capital transactions and positions to...

77 FR 54862 - Integrated Hedging Transactions of Qualifying Debt

Federal Register 2010, 2011, 2012, 2013, 2014

2012-09-06

... Integrated Hedging Transactions of Qualifying Debt AGENCY: Internal Revenue Service (IRS), Treasury. ACTION... certain integrated transactions that involve a foreign currency denominated debt instrument and multiple... foreign currency denominated debt instrument and multiple associated hedging transactions. The text of...

31 CFR 500.530 - Exportation of powers of attorney or instructions relating to certain types of transactions.

Code of Federal Regulations, 2010 CFR

2010-07-01

... equivalent thereof in foreign currency. (c) As used in this section, the term “tangible personal property... foreign currency. (b) No instrument which authorizes the conveyance, transfer, release, sale or other...

18 CFR 375.205 - Closed meetings.

Code of Federal Regulations, 2011 CFR

2011-04-01

... the premature disclosure of which would be: (i) In the case of an agency which regulates currencies, securities, commodities, or financial institutions, likely to: (A) Lead to significant financial speculation in currencies, securities, or commodities, or (B) Significantly endanger the stability of any...

18 CFR 375.205 - Closed meetings.

Code of Federal Regulations, 2010 CFR

2010-04-01

... the premature disclosure of which would be: (i) In the case of an agency which regulates currencies, securities, commodities, or financial institutions, likely to: (A) Lead to significant financial speculation in currencies, securities, or commodities, or (B) Significantly endanger the stability of any...

12 CFR 407.2 - Closing meetings.

Code of Federal Regulations, 2010 CFR

2010-01-01

... the premature disclosure of which would: (i) In the case of an agency which regulates currencies, securities, commodities, or financial institutions, be likely to: (A) Lead to significant financial speculation in currencies, securities, or commodities, or (B) significantly endanger the stability of any...

Chaoticity in the time evolution of foreign currency exchange rates in Turkey

NASA Astrophysics Data System (ADS)

Cakar, O.; Aybar, O. O.; Hacinliyan, A. S.; Kusbeyzi, I.

Tools from chaos theory that have found recent use in analysing financial markets have been applied to the US Dollar and Euro buying and selling rates against the Turkish currency. The reason for choosing the foreign exchange rate in this analysis is the fact that foreign currency is an indicator of not only the globalization of economy but also savings and investment. In order to test the globality assumption and to ascertain the degree of involvement of local conditions in Turkey, the Euro and US dollar exchange rates have been subjected to the same analysis.

Foreign currency-related translation complexities in cross-border healthcare applications.

PubMed

Kumar, Anand; Rodrigues, Jean M

2009-01-01

International cross-border private hospital chains need to apply the standards for foreign currency translation in order to consolidate the balance sheet and income statements. This not only exposes such chains to exchange rate fluctuations in different ways, but also creates added requirements for enterprise-level IT systems especially when they produce parameters which are used to measure the financial and operational performance of the foreign subsidiary or the parent hospital. Such systems would need to come to terms with the complexities involved in such currency-related translations in order to provide the correct data for performance benchmarking.

Integrated Model of Multiple Kernel Learning and Differential Evolution for EUR/USD Trading

PubMed Central

Deng, Shangkun; Sakurai, Akito

2014-01-01

Currency trading is an important area for individual investors, government policy decisions, and organization investments. In this study, we propose a hybrid approach referred to as MKL-DE, which combines multiple kernel learning (MKL) with differential evolution (DE) for trading a currency pair. MKL is used to learn a model that predicts changes in the target currency pair, whereas DE is used to generate the buy and sell signals for the target currency pair based on the relative strength index (RSI), while it is also combined with MKL as a trading signal. The new hybrid implementation is applied to EUR/USD trading, which is the most traded foreign exchange (FX) currency pair. MKL is essential for utilizing information from multiple information sources and DE is essential for formulating a trading rule based on a mixture of discrete structures and continuous parameters. Initially, the prediction model optimized by MKL predicts the returns based on a technical indicator called the moving average convergence and divergence. Next, a combined trading signal is optimized by DE using the inputs from the prediction model and technical indicator RSI obtained from multiple timeframes. The experimental results showed that trading using the prediction learned by MKL yielded consistent profits. PMID:25097891

CCD imaging technology and the war on crime

NASA Astrophysics Data System (ADS)

McNeill, Glenn E.

1992-08-01

Linear array based CCD technology has been successfully used in the development of an Automatic Currency Reader/Comparator (ACR/C) system. The ACR/C system is designed to provide a method for tracking US currency in the organized crime and drug trafficking environments where large amounts of cash are involved in illegal transactions and money laundering activities. United States currency notes can be uniquely identified by the combination of the denomination serial number and series year. The ACR/C system processes notes at five notes per second using a custom transport a stationary linear array and optical character recognition (OCR) techniques to make such identifications. In this way large sums of money can be " marked" (using the system to read and store their identifiers) and then circulated within various crime networks. The system can later be used to read and compare confiscated notes to the known sets of identifiers from the " marked" set to document a trail of criminal activities. With the ACR/C law enforcement agencies can efficiently identify currency without actually marking it. This provides an undetectable means for making each note individually traceable and facilitates record keeping for providing evidence in a court of law. In addition when multiple systems are used in conjunction with a central data base the system can be used to track currency geographically. 1.

Differential Effects of Ethanol and Midazolam upon the Devaluation of an Aversive Memory in Infant Rats

PubMed Central

Pautassi, Ricardo Marcos; Nizhnikov, Michael; Molina, Juan Carlos; Boehm, Stephen L.; Spear, Norman

2007-01-01

In infant rats, low doses of ethanol have been found to attenuate the aversive representation of an unconditioned stimulus (US) as assessed through a revaluation paradigm. This may be explained by early anxiolytic properties of EtOH. The present set of experiments was aimed at analyzing possible mechanisms of these putative anti-anxiety effects of EtOH. In a the first experiment, EtOH's effects upon the expression of citric acid-induced distress calls were compared with varying doses of midazolam (MDZ), a fast-acting GABAA agonist. Similar calming effects of 0.5 g/kg EtOH and 0.09 mg/kg MDZ were observed. Both drugs were then assessed in their capability to alter the expression of a conditioned aversion by devaluing the US. Aversive conditioning was conducted on postnatal day 14 (PD14) by pairing a lemon odor (conditioned stimulus, CS) with intraoral stimulation of citric acid (US). Control animals experienced both stimuli in an explicitly unrelated fashion. On PD 15 pups were briefly exposed to the citric acid solution under the effects of 0.5 g/kg EtOH, 0.09 mg/kg MDZ, or the respective vehicle for each drug. Pups were then tested in a two-way odor preference test (lemon vs. cineole). Both vehicle and MDZ-treated animals spent significantly less time near the lemon CS, thus expressing a citric-acid mediated odor aversion. This conditioned response was completely inhibited in pups that received 0.5 g/kg EtOH. Locomotor patterns at test were not affected by either EtOH or MDZ administration. A higher dose of MDZ (0.18 mg/kg, i.p) was also ineffective in attenuating the aversive memory. In summary, EtOH's devaluating capabilities are not shared by MDZ, indicating that these effects of EtOH may not be GABA-mediated. Appetitive motivational properties of EtOH or non-GABAA-mediated anti-anxiety effects (i.e, NMDA-related) could underlie this devaluation effect of ethanol. PMID:17936511

31 CFR 515.405 - Exportation of securities, currency, checks, drafts and promissory notes.

Code of Federal Regulations, 2010 CFR

2010-07-01

..., checks, drafts and promissory notes. 515.405 Section 515.405 Money and Finance: Treasury Regulations..., drafts and promissory notes. Section 515.201 prohibits the exportation of securities, currency, checks, drafts and promissory notes to a designated foreign country. ...

31 CFR 515.405 - Exportation of securities, currency, checks, drafts and promissory notes.

Code of Federal Regulations, 2014 CFR

2014-07-01

..., checks, drafts and promissory notes. 515.405 Section 515.405 Money and Finance: Treasury Regulations..., drafts and promissory notes. Section 515.201 prohibits the exportation of securities, currency, checks, drafts and promissory notes to a designated foreign country. ...

31 CFR 515.405 - Exportation of securities, currency, checks, drafts and promissory notes.

Code of Federal Regulations, 2012 CFR

2012-07-01

..., checks, drafts and promissory notes. 515.405 Section 515.405 Money and Finance: Treasury Regulations..., drafts and promissory notes. Section 515.201 prohibits the exportation of securities, currency, checks, drafts and promissory notes to a designated foreign country. ...

31 CFR 515.405 - Exportation of securities, currency, checks, drafts and promissory notes.

Code of Federal Regulations, 2013 CFR

2013-07-01

..., checks, drafts and promissory notes. 515.405 Section 515.405 Money and Finance: Treasury Regulations..., drafts and promissory notes. Section 515.201 prohibits the exportation of securities, currency, checks, drafts and promissory notes to a designated foreign country. ...

31 CFR 515.405 - Exportation of securities, currency, checks, drafts and promissory notes.

Code of Federal Regulations, 2011 CFR

2011-07-01

..., checks, drafts and promissory notes. 515.405 Section 515.405 Money and Finance: Treasury Regulations..., drafts and promissory notes. Section 515.201 prohibits the exportation of securities, currency, checks, drafts and promissory notes to a designated foreign country. ...

17 CFR 1.32 - Segregated account; daily computation and record.

Code of Federal Regulations, 2010 CFR

2010-04-01

... business day, on a currency-by-currency basis: (1) The total amount of customer funds on deposit in... traded on a “ready market” as defined in Rule 15c3-1(c)(11)(i) of the Securities and Exchange Commission...

31 CFR 103.56 - Enforcement.

Code of Federal Regulations, 2010 CFR

2010-07-01

... REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS General Provisions § 103.56 Enforcement. (a) Overall... of this part is delegated as follows: (1) To the Comptroller of the Currency with respect to those... in commodities, and commodity trading advisors, not currently examined by Federal bank supervisory...

DOE Office of Scientific and Technical Information (OSTI.GOV)

Almasbahi, M.S.

In a world of generalized floating exchange rates, it is not enough to solve the problem of exchange rate policy by determining whether to peg or float the currency under consideration. It is also necessary to choose to what major currency to peg. The main purpose of this study is to investigate and determine empirically the optimum currency peg for the Saudi riyal. To accomplish this goal, a simple conventional trade model, that includes variables found in many other studies of import and export demand, was used. In addition, an exchange rate term was added as a separate independent variablemore » in the import and export demand equations in order to assess the effect of exchange rate on the trade flows. The criteria for the optimal currency peg in this study were based on two factors. First, the error statistics for projected imports and exports using alternative exchange rate regimes. Second, variances of projected imports, exports and trade balance using alternative exchange rate regimes. The exchange rate has a significant impact on the Saudia Arabian trade flows which implies that changes in the riyals value affect the Saudi trade deficit. Moreover, the exchange rate has a more powerful effect on its aggregate imports than on the world demand for its exports. There is also a strong support for the hypothesis that the exchange rate affects the value of the Saudi bilateral trade with its five major trade partners. On the aggregate level, the SDR peg seems to be the best currency peg for the Saudi riyal since it provides the best prediction errors and the lowest variance for the trade balance. Finally, on the disaggregate level, the US dollar provides the best performance and yields the best results among all the six currency pegs considered in this study.« less

Forecasting of magnitude and duration of currency crises based on the analysis of distortions of fractal scaling in exchange rate fluctuations

NASA Astrophysics Data System (ADS)

Uritskaya, Olga Y.

2005-05-01

Results of fractal stability analysis of daily exchange rate fluctuations of more than 30 floating currencies for a 10-year period are presented. It is shown for the first time that small- and large-scale dynamical instabilities of national monetary systems correlate with deviations of the detrended fluctuation analysis (DFA) exponent from the value 1.5 predicted by the efficient market hypothesis. The observed dependence is used for classification of long-term stability of floating exchange rates as well as for revealing various forms of distortion of stable currency dynamics prior to large-scale crises. A normal range of DFA exponents consistent with crisis-free long-term exchange rate fluctuations is determined, and several typical scenarios of unstable currency dynamics with DFA exponents fluctuating beyond the normal range are identified. It is shown that monetary crashes are usually preceded by prolonged periods of abnormal (decreased or increased) DFA exponent, with the after-crash exponent tending to the value 1.5 indicating a more reliable exchange rate dynamics. Statistically significant regression relations (R=0.99, p<0.01) between duration and magnitude of currency crises and the degree of distortion of monofractal patterns of exchange rate dynamics are found. It is demonstrated that the parameters of these relations characterizing small- and large-scale crises are nearly equal, which implies a common instability mechanism underlying these events. The obtained dependences have been used as a basic ingredient of a forecasting technique which provided correct in-sample predictions of monetary crisis magnitude and duration over various time scales. The developed technique can be recommended for real-time monitoring of dynamical stability of floating exchange rate systems and creating advanced early-warning-system models for currency crisis prevention.

Screening Currency Notes for Microbial Pathogens and Antibiotic Resistance Genes Using a Shotgun Metagenomic Approach

PubMed Central

Jalali, Saakshi; Kohli, Samantha; Latka, Chitra; Bhatia, Sugandha; Vellarikal, Shamsudheen Karuthedath; Sivasubbu, Sridhar; Scaria, Vinod; Ramachandran, Srinivasan

2015-01-01

Fomites are a well-known source of microbial infections and previous studies have provided insights into the sojourning microbiome of fomites from various sources. Paper currency notes are one of the most commonly exchanged objects and its potential to transmit pathogenic organisms has been well recognized. Approaches to identify the microbiome associated with paper currency notes have been largely limited to culture dependent approaches. Subsequent studies portrayed the use of 16S ribosomal RNA based approaches which provided insights into the taxonomical distribution of the microbiome. However, recent techniques including shotgun sequencing provides resolution at gene level and enable estimation of their copy numbers in the metagenome. We investigated the microbiome of Indian paper currency notes using a shotgun metagenome sequencing approach. Metagenomic DNA isolated from samples of frequently circulated denominations of Indian currency notes were sequenced using Illumina Hiseq sequencer. Analysis of the data revealed presence of species belonging to both eukaryotic and prokaryotic genera. The taxonomic distribution at kingdom level revealed contigs mapping to eukaryota (70%), bacteria (9%), viruses and archae (~1%). We identified 78 pathogens including Staphylococcus aureus, Corynebacterium glutamicum, Enterococcus faecalis, and 75 cellulose degrading organisms including Acidothermus cellulolyticus, Cellulomonas flavigena and Ruminococcus albus. Additionally, 78 antibiotic resistance genes were identified and 18 of these were found in all the samples. Furthermore, six out of 78 pathogens harbored at least one of the 18 common antibiotic resistance genes. To the best of our knowledge, this is the first report of shotgun metagenome sequence dataset of paper currency notes, which can be useful for future applications including as bio-surveillance of exchangeable fomites for infectious agents. PMID:26035208

Inflation in Brazil: The Principles of Monetary Correction

ERIC Educational Resources Information Center

Campos, Roberto de Oliveira

1975-01-01

The evils of inflation and Brazil's attempts to minimize inflation by a generalized indexation for all forms of saving, wage adjustments, tax reform, a mini-devaluation, and saving incentives are examined. (DE)

Measurement of math beliefs and their associations with math behaviors in college students.

PubMed

Hendy, Helen M; Schorschinsky, Nancy; Wade, Barbara

2014-12-01

Our purpose in the present study was to expand understanding of math beliefs in college students by developing 3 new psychometrically tested scales as guided by expectancy-value theory, self-efficacy theory, and health belief model. Additionally, we identified which math beliefs (and which theory) best explained variance in math behaviors and performance by college students and which students were most likely to have problematic math beliefs. Study participants included 368 college math students who completed questionnaires to report math behaviors (attending class, doing homework, reading textbooks, asking for help) and used a 5-point rating scale to indicate a variety of math beliefs. For a subset of 84 students, math professors provided final math grades. Factor analyses produced a 10-item Math Value Scale with 2 subscales (Class Devaluation, No Future Value), a 7-item single-dimension Math Confidence Scale, and an 11-item Math Barriers Scale with 2 subscales (Math Anxiety, Discouraging Words). Hierarchical multiple regression revealed that high levels of the newly discovered class devaluation belief (guided by expectancy-value theory) were most consistently associated with poor math behaviors in college students, with high math anxiety (guided by health belief model) and low math confidence (guided by self-efficacy theory) also found to be significant. Analyses of covariance revealed that younger and male students were at increased risk for class devaluation and older students were at increased risk for poor math confidence. (c) 2014 APA, all rights reserved.

Weak ventral striatal responses to monetary outcomes predict an unwillingness to resist cigarette smoking.

PubMed

Wilson, Stephen J; Delgado, Mauricio R; McKee, Sherry A; Grigson, Patricia S; MacLean, R Ross; Nichols, Travis T; Henry, Shannon L

2014-12-01

As a group, cigarette smokers exhibit blunted subjective, behavioral, and neurobiological responses to nondrug incentives and rewards, relative to nonsmokers. Findings from recent studies suggest, however, that there are large individual differences in the devaluation of nondrug rewards among smokers. Moreover, this variability appears to have significant clinical implications, since reduced sensitivity to nondrug rewards is associated with poorer smoking cessation outcomes. Currently, little is known about the neurobiological mechanisms that underlie these individual differences in the responsiveness to nondrug rewards. Here, we tested the hypothesis that individual variability in reward devaluation among smokers is linked to the functioning of the striatum. Specifically, functional magnetic resonance imaging was used to examine variability in the neural response to monetary outcomes in nicotine-deprived smokers anticipating an opportunity to smoke-circumstances found to heighten the devaluation of nondrug rewards by smokers in prior work. We also investigated whether individual differences in reward-related brain activity in those expecting to have access to cigarettes were associated with the degree to which the same individuals subsequently were willing to resist smoking in order to earn additional money. Our key finding was that deprived smokers who exhibited the weakest response to rewards (i.e., monetary gains) in the ventral striatum were least willing to refrain from smoking for monetary reinforcement. These results provide evidence that outcome-related signals in the ventral striatum serve as a marker for clinically meaningful individual differences in reward-motivated behavior among nicotine-deprived smokers.

Faces in-between: evaluations reflect the interplay of facial features and task-dependent fluency.

PubMed

Winkielman, Piotr; Olszanowski, Michal; Gola, Mateusz

2015-04-01

Facial features influence social evaluations. For example, faces are rated as more attractive and trustworthy when they have more smiling features and also more female features. However, the influence of facial features on evaluations should be qualified by the affective consequences of fluency (cognitive ease) with which such features are processed. Further, fluency (along with its affective consequences) should depend on whether the current task highlights conflict between specific features. Four experiments are presented. In 3 experiments, participants saw faces varying in expressions ranging from pure anger, through mixed expression, to pure happiness. Perceivers first categorized faces either on a control dimension, or an emotional dimension (angry/happy). Thus, the emotional categorization task made "pure" expressions fluent and "mixed" expressions disfluent. Next, participants made social evaluations. Results show that after emotional categorization, but not control categorization, targets with mixed expressions are relatively devalued. Further, this effect is mediated by categorization disfluency. Additional data from facial electromyography reveal that on a basic physiological level, affective devaluation of mixed expressions is driven by their objective ambiguity. The fourth experiment shows that the relative devaluation of mixed faces that vary in gender ambiguity requires a gender categorization task. Overall, these studies highlight that the impact of facial features on evaluation is qualified by their fluency, and that the fluency of features is a function of the current task. The discussion highlights the implications of these findings for research on emotional reactions to ambiguity. (c) 2015 APA, all rights reserved).

26 CFR 1.882-0 - Table of contents.

Code of Federal Regulations, 2010 CFR

2010-04-01

... for foreign currency. (5)Coordination with other sections. (6)Special rule for foreign governments. (7... expressed in a single currency. (3)Adjustments. (4) Elective fixed ratio method of determining U.S... error. (iv)Liabilities of insurance companies. (v)Liabilities used to increase artificially interest...

Violation of interest-rate parity: a Polish example

NASA Astrophysics Data System (ADS)

Przystawa, Jerzy; Wolf, Marek

2000-09-01

The mechanism of the so-called “Bagsik Oscillator” is presented and discussed. In essence, it is a repeated exploitation of arbitrage opportunities that resulted from a marked departure from the interest-rate parity relationship between the local Polish currency and the western currencies.

12 CFR 40.1 - Purpose and scope.

Code of Federal Regulations, 2010 CFR

2010-01-01

... Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY PRIVACY OF CONSUMER FINANCIAL INFORMATION... offices of entities for which the Office of the Comptroller of the Currency has primary supervisory... regulation by the Commodity Futures Trading Commission. (2) Nothing in this part modifies, limits, or...

12 CFR 40.1 - Purpose and scope.

Code of Federal Regulations, 2011 CFR

2011-01-01

... Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY PRIVACY OF CONSUMER FINANCIAL INFORMATION... offices of entities for which the Office of the Comptroller of the Currency has primary supervisory... regulation by the Commodity Futures Trading Commission. (2) Nothing in this part modifies, limits, or...

A Golden Opportunity for Currency Competition.

ERIC Educational Resources Information Center

Cobb, Joe

1983-01-01

The Federal Reserve makes mistakes in monetary policy and causes business cycles. A free market solution to the failure of central economic planning is competition in money and banking. A second currency, the "Gold Eagle," should be issued and allowed to compete with the dollar. (SR)

Constraints, Trade-offs and the Currency of Fitness.

PubMed

Acerenza, Luis

2016-03-01

Understanding evolutionary trajectories remains a difficult task. This is because natural evolutionary processes are simultaneously affected by various types of constraints acting at the different levels of biological organization. Of particular importance are constraints where correlated changes occur in opposite directions, called trade-offs. Here we review and classify the main evolutionary constraints and trade-offs, operating at all levels of trait hierarchy. Special attention is given to life history trade-offs and the conflict between the survival and reproduction components of fitness. Cellular mechanisms underlying fitness trade-offs are described. At the metabolic level, a linear trade-off between growth and flux variability was found, employing bacterial genome-scale metabolic reconstructions. Its analysis indicates that flux variability can be considered as the currency of fitness. This currency is used for fitness transfer between fitness components during adaptations. Finally, a discussion is made regarding the constraints which limit the increase in the amount of fitness currency during evolution, suggesting that occupancy constraints are probably the main restrictions.

Intraday return inefficiency and long memory in the volatilities of forex markets and the role of trading volume

NASA Astrophysics Data System (ADS)

Shahzad, Syed Jawad Hussain; Hernandez, Jose Areola; Hanif, Waqas; Kayani, Ghulam Mujtaba

2018-09-01

We investigate the dynamics of efficiency and long memory, and the impact of trading volume on the efficiency of returns and volatilities of four major traded currencies, namely, the EUR, GBP, CHF and JPY. We do so by implementing full sample and rolling window multifractal detrended fluctuation analysis (MF-DFA) and a quantile-on-quantile (QQ) approach. This paper sheds new light by employing high frequency (5-min interval) data spanning from Jan 1, 2007 to Dec 31, 2016. Realized volatilities are estimated using Andersen et al.'s (2001) measure, while the QQ method employed is drawn from Sim and Zhou (2015). We find evidence of higher efficiency levels in the JPY and CHF currency markets. The impact of trading volume on efficiency is only significant for the JPY and CHF currencies. The GBP currency appears to be the least efficient, followed by the EUR. Implications of the results are discussed.

Single European currency and Monetary Union. Macroeconomic implications for pharmaceutical spending.

PubMed

Kanavos, P

1998-01-01

This article examines the potential implications of introducing a single currency among the Member States of the European Union for national pharmaceutical prices and spending. In doing so, it provides a brief account of the direct effects of introducing a single currency on pharmaceutical business. These are static in nature and include the elimination of exchange rate volatility and transaction costs, increased price transparency and limited potential for parallel trade. It subsequently analyses the potential medium and long term macroeconomic policy choices facing the Member States and their impact on pharmaceutical spending following the introduction of a single currency. These include policy directions in order to meet the Maastricht convergence criteria in the run-up to forming an Economic and Monetary Union (EMU) and the implications of EMU on national macroeconomic policy thereafter. This article argues that the necessity for tight fiscal policies across the EU and, in particular, in those Member States facing high budget deficits and overall debt levels, will continue to exert considerable downward pressure on pharmaceutical spending.

Currency crisis indication by using ensembles of support vector machine classifiers

NASA Astrophysics Data System (ADS)

Ramli, Nor Azuana; Ismail, Mohd Tahir; Wooi, Hooy Chee

2014-07-01

There are many methods that had been experimented in the analysis of currency crisis. However, not all methods could provide accurate indications. This paper introduces an ensemble of classifiers by using Support Vector Machine that's never been applied in analyses involving currency crisis before with the aim of increasing the indication accuracy. The proposed ensemble classifiers' performances are measured using percentage of accuracy, root mean squared error (RMSE), area under the Receiver Operating Characteristics (ROC) curve and Type II error. The performances of an ensemble of Support Vector Machine classifiers are compared with the single Support Vector Machine classifier and both of classifiers are tested on the data set from 27 countries with 12 macroeconomic indicators for each country. From our analyses, the results show that the ensemble of Support Vector Machine classifiers outperforms single Support Vector Machine classifier on the problem involving indicating a currency crisis in terms of a range of standard measures for comparing the performance of classifiers.

'Allowing the right' and its currency in managing drug stigma in Greece.

PubMed

Fotopoulou, Maria; Munro, Alison; Taylor, Avril

2015-08-01

Evidence suggests that problem drug users are still subject to high levels of stigmatization. In countries, like Greece, where families occupy a central position and honour is collectively attained, secondary drug stigma is also highly prevalent. However, little is known about how drug users and their families manage drug stigma in the specific cultural milieu that makes up Greece. This article presents findings from a qualitative study exploring how drug stigma both manifests itself and is managed by drug users and parents in the context of Greek familial culture. The study was conducted in two state drug agencies in Thessaloniki - Greece and involved the participation of 40 problem drug users (PDU) (23 male/17 female) and 8 parents of PDU. Qualitative, in-depth, interviews were used to collect narrative accounts about experiences of managing addiction, drug stigma and secondary stigma in the Greek parental home. 'Allowing the right' - broadly understood as referring to passing to others information which might devalue a person and consequently that person's family - is discussed in terms of drug stigma management in Greece. We highlight how this culturally specific notion can be viewed as an active strategy adopted by both individual drug users and parents of PDU to manage stigmatization by illustrating the various way in which not 'allowing the right' was described by participants, including drug problem discovery or disclosure and subsequent management of drug using careers and drug stigma within the Greek family context. Given the significance of the cultural notion of 'allowing the right' in the trajectory of drug use amongst PDU and more particularly in stigma management and secondary stigma management, the paper highlights the need for further research into the field in Greece. The need for targeted culturally specific and culturally relevant interventions aimed at reducing drug stigma is also highlighted in relation to both policy and practice. Copyright © 2015 Elsevier B.V. All rights reserved.

[Latin America and the crisis (points for the balance of a decade)].

PubMed

Lopez Maya, M

1990-01-01

The decade of the 1980s was catastrophic for the countries of Latin America because of profound transformations in the world economy, which started in the 1970s, the wilting of the state development programs that were imposed after World War II, and the collapse of socialism with the incipient transition to market economies. The crisis started because of the erosion of the world economic system as constituted under the Bretton Woods agreement; the drastic drop in the economic growth of market economies; the increased costs of living and the deterioration of the environment; the decrease in industrial capacity; and the emergence of transnationalization of production. In Latin America, the economic models that had been in place without solving underdevelopment became even more obsolete (import substitution, internal trade, and the role of the state). The crisis of socialism and the rapprochement of eastern European countries to western Europe also affected Latin America (e.g., Germany cancelled 30 mine exploration projects in Bolivia due to investments in East Germany). The structural readjustment policies of the International Monetary Fund and the World Bank resulted in currency devaluations, redistribution of government funds, elimination of various subsidies, reduction of public debt and social expenditures, reduction of public employment, and payment of external debt. The result was more inflation (in Bolivia, Brazil, Peru, and Argentina, inflation rates were 683.7%, 157.1%, 100.1%, and 326.2%, respectively, between 1980 and 1986), unemployment, and poverty in the lost decade of the 1980s. After 1982, state expenditures on roads, education, hospitals, and nutrition declined by 40% in Mexico. Even though most countries returned to democracy in the region, this was at the cost of the increased role of the military and the transnationals. The grand parties collapsed and in Venezuela, Mexico, and Colombia authoritarian tendencies survived into the 1970s degrading democracy. The states' socioeconomic regulatory role has to be redefined.

TORC3: Token-ring clearing heuristic for currency circulation

NASA Astrophysics Data System (ADS)

Humes, Carlos, Jr.; Lauretto, Marcelo S.; Nakano, Fábio; Pereira, Carlos A. B.; Rafare, Guilherme F. G.; Stern, Julio Michael

2012-10-01

Clearing algorithms are at the core of modern payment systems, facilitating the settling of multilateral credit messages with (near) minimum transfers of currency. Traditional clearing procedures use batch processing based on MILP - mixed-integer linear programming algorithms. The MILP approach demands intensive computational resources; moreover, it is also vulnerable to operational risks generated by possible defaults during the inter-batch period. This paper presents TORC3 - the Token-Ring Clearing Algorithm for Currency Circulation. In contrast to the MILP approach, TORC3 is a real time heuristic procedure, demanding modest computational resources, and able to completely shield the clearing operation against the participating agents' risk of default.

38 CFR 3.32 - Exchange rates for foreign currencies.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 38 Pensions, Bonuses, and Veterans' Relief 1 2013-07-01 2013-07-01 false Exchange rates for foreign currencies. 3.32 Section 3.32 Pensions, Bonuses, and Veterans' Relief DEPARTMENT OF VETERANS AFFAIRS ADJUDICATION Pension, Compensation, and Dependency and Indemnity Compensation General § 3.32...

38 CFR 3.32 - Exchange rates for foreign currencies.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 38 Pensions, Bonuses, and Veterans' Relief 1 2014-07-01 2014-07-01 false Exchange rates for foreign currencies. 3.32 Section 3.32 Pensions, Bonuses, and Veterans' Relief DEPARTMENT OF VETERANS AFFAIRS ADJUDICATION Pension, Compensation, and Dependency and Indemnity Compensation General § 3.32...

38 CFR 3.32 - Exchange rates for foreign currencies.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 38 Pensions, Bonuses, and Veterans' Relief 1 2012-07-01 2012-07-01 false Exchange rates for foreign currencies. 3.32 Section 3.32 Pensions, Bonuses, and Veterans' Relief DEPARTMENT OF VETERANS AFFAIRS ADJUDICATION Pension, Compensation, and Dependency and Indemnity Compensation General § 3.32...

38 CFR 3.32 - Exchange rates for foreign currencies.

Code of Federal Regulations, 2010 CFR

2010-07-01

... 38 Pensions, Bonuses, and Veterans' Relief 1 2010-07-01 2010-07-01 false Exchange rates for foreign currencies. 3.32 Section 3.32 Pensions, Bonuses, and Veterans' Relief DEPARTMENT OF VETERANS AFFAIRS ADJUDICATION Pension, Compensation, and Dependency and Indemnity Compensation General § 3.32...

38 CFR 3.32 - Exchange rates for foreign currencies.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 38 Pensions, Bonuses, and Veterans' Relief 1 2011-07-01 2011-07-01 false Exchange rates for foreign currencies. 3.32 Section 3.32 Pensions, Bonuses, and Veterans' Relief DEPARTMENT OF VETERANS AFFAIRS ADJUDICATION Pension, Compensation, and Dependency and Indemnity Compensation General § 3.32...

31 CFR 1026.310 - Reports of transactions in currency.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 31 Money and Finance:Treasury 3 2012-07-01 2012-07-01 false Reports of transactions in currency. 1026.310 Section 1026.310 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR FUTURES COMMISSION...

31 CFR 1026.310 - Reports of transactions in currency.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance:Treasury 3 2013-07-01 2013-07-01 false Reports of transactions in currency. 1026.310 Section 1026.310 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR FUTURES COMMISSION...

31 CFR 1026.310 - Reports of transactions in currency.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 31 Money and Finance:Treasury 3 2014-07-01 2014-07-01 false Reports of transactions in currency. 1026.310 Section 1026.310 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY RULES FOR FUTURES COMMISSION...

17 CFR 15.03 - Reporting levels.

Code of Federal Regulations, 2011 CFR

2011-04-01

... 17 Commodity and Securities Exchanges 1 2011-04-01 2011-04-01 false Reporting levels. 15.03 Section 15.03 Commodity and Securities Exchanges COMMODITY FUTURES TRADING COMMISSION REPORTS-GENERAL... $10.00 if in the money upon expiration. Major foreign currency is the currency, and the cross-rates...

77 FR 76841 - Lending Limits

Federal Register 2010, 2011, 2012, 2013, 2014

2012-12-31

...-2012-0007] RIN 1557-AD59 Lending Limits AGENCY: Office of the Comptroller of the Currency, Treasury. ACTION: Final rule. SUMMARY: The Office of the Comptroller of the Currency (OCC) is amending its lending...), includes exceptions to the lending limits for certain loans made by savings associations. These HOLA...

17 CFR 229.301 - (Item 301) Selected financial data.

Code of Federal Regulations, 2010 CFR

2010-04-01

... subsidiaries consolidated. 4. If interim period financial statements are included, or are required to be... issuer shall disclose also the following information in all filings containing financial statements: A.... currency of the foreign currency in which the financial statements are denominated; B. A history of...

Community Currencies: An Ideology of Abundance

ERIC Educational Resources Information Center

Winfrey, Nancy

2017-01-01

This essay explores the concept of "cultural commons" and provides an illustration of a cultural commons practice from an ethnographic study of a community currency. The following section links cultural commons practices to situated and social cognitive learning theories, and then provides practical application to the higher education…

You and Foreign Money.

ERIC Educational Resources Information Center

Tucker, James F.

Foreign currency units, exchange rates, the international payments process, and spending money abroad are discussed briefly in this booklet to help teachers explain the international economy. Thirty-two countries are listed with their respective currency units, some of which are illustrated. A chart shows the average yearly exchange rates between…

Redesigning U.S. currency

NASA Astrophysics Data System (ADS)

Ferguson, Thomas A.; Church, Sara E.

1996-03-01

The first new design of United States currency in over 60 years will soon be issued. Its issuance will be the culmination of a 6-year effort to make U.S. currency more secure against widely available advanced reprographic technology. The cooperative effort was directed by the Advanced Counterfeit Deterrence (ACD) Steering Committee, with executive representatives from the Federal Reserve System (FRS), U.S. Secret Service (USSS), Bureau of Engraving and Printing (BEP) and Treasury Department. A task force of technical experts from each agency carried out the necessary evaluations. The overall strategy to determine the new design and new features applied a comprehensive, synergistic approach to target each type of currency user and each type of counterfeiting. To maximize objectivity yet expedite final selection, deterrent and detection technologies were evaluated through several parallel channels. These efforts included an open request for feature samples through the Commerce Business Daily, in-house testing of each feature, independent evaluation by the National Research Council, in-house design development and survey of world currencies. Recommendations were submitted by the Steering Committee to the Treasury Secretary for concept approval, announced in July 1994. Beginning in 1996, new designs will be issued by denomination approximately one per year, starting with the $100 bill. Future new design efforts will include input from the recently founded Securities Technology Institute (STI) at Johns Hopkins Applied Physics Laboratory. Input will include evaluation of existing features, development of new techniques and adversarial analysis.

The Higher Illiteracy

ERIC Educational Resources Information Center

Lyons, Gene

1976-01-01

Relates the declining literacy among college students to institutional factors and traditions in English departments which devalue undergraduate composition instruction. Available from: Harper's Magazine Company, Two Park Ave., New York, N.Y. 10016, Subscriptions; $8.97 per year. (AA)

Let Us Look Again at Development, Education and Women.

ERIC Educational Resources Information Center

Bhasin, Kamla

1994-01-01

Argues that adult educators should promote "feminine" values and devalue power, domination, consumerism, aggression, and violence. Suggests that conventional ways of thinking about development and literacy education perpetuate an unjust status quo. (SK)

75 FR 47652 - Self-Regulatory Organizations; NYSE Arca, Inc.; Order Granting Approval of a Proposed Rule Change...

Federal Register 2010, 2011, 2012, 2013, 2014

2010-08-06

... Listing and Trading of WisdomTree Dreyfus Commodity Currency Fund under NYSE Arca Equities Rule 8.600... and trade the shares (``Shares'') of the WisdomTree Dreyfus Commodity Currency Fund (``Fund'') under... exchange traded fund. The Shares will [[Page 47653

12 CFR 48.9 - Margin requirements.

Code of Federal Regulations, 2012 CFR

2012-01-01

..., in retail forex transactions must collect from each retail forex customer an amount of margin not less than: (1) Two percent of the notional value of the retail forex transaction for major currency pairs and 5 percent of the notional value of the retail forex transaction for all other currency pairs...

12 CFR 48.9 - Margin requirements.

Code of Federal Regulations, 2013 CFR

2013-01-01

..., in retail forex transactions must collect from each retail forex customer an amount of margin not less than: (1) Two percent of the notional value of the retail forex transaction for major currency pairs and 5 percent of the notional value of the retail forex transaction for all other currency pairs...

12 CFR 48.9 - Margin requirements.

Code of Federal Regulations, 2014 CFR

2014-01-01

..., in retail forex transactions must collect from each retail forex customer an amount of margin not less than: (1) Two percent of the notional value of the retail forex transaction for major currency pairs and 5 percent of the notional value of the retail forex transaction for all other currency pairs...

31 CFR 100.8 - Packaging of mutilated currency.

Code of Federal Regulations, 2010 CFR

2010-07-01

... disturb the fragments more than is absolutely necessary. (b) If the currency is brittle or inclined to fall apart, pack it carefully in cotton and box it as found, without disturbing the fragments, if... therein, if possible, in order to prevent further deterioration of the fragments or from their being lost...

31 CFR 1022.310 - Reports of transactions in currency.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 31 Money and Finance:Treasury 3 2014-07-01 2014-07-01 false Reports of transactions in currency. 1022.310 Section 1022.310 Money and Finance: Treasury Regulations Relating to Money and Finance... BUSINESSES Reports Required To Be Made By Money Services Businesses § 1022.310 Reports of transactions in...

31 CFR 1022.310 - Reports of transactions in currency.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 31 Money and Finance:Treasury 3 2012-07-01 2012-07-01 false Reports of transactions in currency. 1022.310 Section 1022.310 Money and Finance: Treasury Regulations Relating to Money and Finance... BUSINESSES Reports Required To Be Made By Money Services Businesses § 1022.310 Reports of transactions in...

31 CFR 1022.310 - Reports of transactions in currency.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 31 Money and Finance:Treasury 3 2011-07-01 2011-07-01 false Reports of transactions in currency. 1022.310 Section 1022.310 Money and Finance: Treasury Regulations Relating to Money and Finance... BUSINESSES Reports Required To Be Made By Money Services Businesses § 1022.310 Reports of transactions in...

31 CFR 1022.310 - Reports of transactions in currency.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 31 Money and Finance:Treasury 3 2013-07-01 2013-07-01 false Reports of transactions in currency. 1022.310 Section 1022.310 Money and Finance: Treasury Regulations Relating to Money and Finance... BUSINESSES Reports Required To Be Made By Money Services Businesses § 1022.310 Reports of transactions in...

The Art of Evaluation and Professional Development

ERIC Educational Resources Information Center

Nathan, Linda

2005-01-01

The evaluation and professional development of teachers and administrators are two sides of the same coin. Both are the essential currency schools have to improve teachers' practice and students' learning, but schools often spend this currency unwisely. Too often, evaluations are a source of tension and conflict, even a necessary evil.…

26 CFR 1.483-1 - Interest on certain deferred payments.

Code of Federal Regulations, 2010 CFR

2010-04-01

..., for purposes of section 483, property includes debt instruments and investment units, but does not include money, services, or the right to use property. For the treatment of certain obligations given in...), money includes functional currency and, in certain circumstances, nonfunctional currency. See § 1.988-2...

A Classroom Experiment on Exchange Rate Determination with Purchasing Power Parity

ERIC Educational Resources Information Center

Mitchell, David T.; Rebelein, Robert P.; Schneider, Patricia H.; Simpson, Nicole B.; Fisher, Eric

2009-01-01

The authors developed a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. In the experiment, students represent citizens from different countries and need to obtain currency to purchase goods. By participating in an auction to buy currency, students gain a…

38 CFR 12.24 - Operation of lost and found service.

Code of Federal Regulations, 2010 CFR

2010-07-01

... custodian. VA Form 3771, Record of Lost or Found Article, will be used for recording articles of any... articles and to recover items which have been reported lost. Currency, including readily negotiable... closing hour. The currency or negotiable instruments will be delivered to the agent cashier before the...

12 CFR Appendix II to Part 27 - Information for Government Monitoring Purposes

Code of Federal Regulations, 2010 CFR

2010-01-01

... II Appendix II to Part 27 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY... Monitoring Purposes The following language is approved by the Comptroller of the Currency and will satisfy... used separately. This information may also be provided orally by the applicant. The following...

Using Course Currency as a Didactic Tool

ERIC Educational Resources Information Center

Wachsman, Yoav

2007-01-01

Classroom participation is an important and frequently used pedagogical strategy. This paper examines how awarding students with course currency, bills that are redeemable for bonus points at the end of the term, affects class participation and students' understanding of the material. The research uses surveys and data analysis to examine the…

31 CFR 411.1 - Color illustrations authorized.

Code of Federal Regulations, 2010 CFR

2010-07-01

... SERVICE, DEPARTMENT OF THE TREASURY COLOR ILLUSTRATIONS OF UNITED STATES CURRENCY § 411.1 Color... necessary plates or items for such printing or publishing, of color illustrations of U.S. currency provided... storage devices, and any other thing used in the making of the illustration that contain an image of the...

49 CFR 1002.2 - Filing fees.

Code of Federal Regulations, 2010 CFR

2010-10-01

..., by check payable in United States currency drawn upon funds deposited in a United States or foreign bank or other financial institution, money order payable in United States currency, or by credit card..., agent $32 per delivery. (97) Request for service or pleading list for proceedings $24 per list. (98...

Electronic Money.

ERIC Educational Resources Information Center

Schilling, Tim

Thirty years ago a cashless society was predicted for the near future; paper currency and checks would be an antiquated symbol of the past. Consumers would embrace a new alternative for making payments: electronic money. But currency is still used for 87% of payments, mainly for "nickel and dime" purchases. And checks are the payment…

26 CFR 1.861-2 - Interest.

Code of Federal Regulations, 2010 CFR

2010-04-01

... authority, other than the government itself, issuing instruments intended to circulate as currency. Such a... payable in the currency of a foreign country. Notwithstanding the provisions of § 1.863-6, interest to... issue of which the debt obligation is a part, is actually traded on one or more foreign securities...

77 FR 52135 - Hamilton Bank, Baltimore, Maryland; Approval of Conversion Application

Federal Register 2010, 2011, 2012, 2013, 2014

2012-08-28

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [OCC Charter Number 701904] Hamilton Bank, Baltimore, Maryland; Approval of Conversion Application Notice is hereby given that on August 13, 2012, the Office of the Comptroller of the Currency (OCC) approved the application of Hamilton...

Spendency: Students' Propensity to Use System Currency

ERIC Educational Resources Information Center

Snow, Erica L.; Allen, Laura K.; Jackson, G. Tanner; McNamara, Danielle S.

2015-01-01

Using students' process data from the game-based Intelligent Tutoring System (ITS) iSTART-ME, the current study examines students' propensity to use system currency to unlock game-based features, (i.e., referred to here as "spendency"). This study examines how spendency relates to students' interaction preferences, in-system performance,…

28 CFR 20.37 - Responsibility for accuracy, completeness, currency, and integrity.

Code of Federal Regulations, 2013 CFR

2013-07-01

... 28 Judicial Administration 1 2013-07-01 2013-07-01 false Responsibility for accuracy, completeness, currency, and integrity. 20.37 Section 20.37 Judicial Administration DEPARTMENT OF JUSTICE CRIMINAL JUSTICE INFORMATION SYSTEMS Federal Systems and Exchange of Criminal History Record Information § 20.37 Responsibility...

28 CFR 20.37 - Responsibility for accuracy, completeness, currency, and integrity.

Code of Federal Regulations, 2012 CFR

2012-07-01

... 28 Judicial Administration 1 2012-07-01 2012-07-01 false Responsibility for accuracy, completeness, currency, and integrity. 20.37 Section 20.37 Judicial Administration DEPARTMENT OF JUSTICE CRIMINAL JUSTICE INFORMATION SYSTEMS Federal Systems and Exchange of Criminal History Record Information § 20.37 Responsibility...

28 CFR 20.37 - Responsibility for accuracy, completeness, currency, and integrity.

Code of Federal Regulations, 2014 CFR

2014-07-01

... 28 Judicial Administration 1 2014-07-01 2014-07-01 false Responsibility for accuracy, completeness, currency, and integrity. 20.37 Section 20.37 Judicial Administration DEPARTMENT OF JUSTICE CRIMINAL JUSTICE INFORMATION SYSTEMS Federal Systems and Exchange of Criminal History Record Information § 20.37 Responsibility...

28 CFR 20.37 - Responsibility for accuracy, completeness, currency, and integrity.

Code of Federal Regulations, 2011 CFR

2011-07-01

... 28 Judicial Administration 1 2011-07-01 2011-07-01 false Responsibility for accuracy, completeness, currency, and integrity. 20.37 Section 20.37 Judicial Administration DEPARTMENT OF JUSTICE CRIMINAL JUSTICE INFORMATION SYSTEMS Federal Systems and Exchange of Criminal History Record Information § 20.37 Responsibility...

Currency Exchange Rates.

ERIC Educational Resources Information Center

Siler, Carl R.

This curriculum unit of the Muncie (Indiana) Southside High School is to simulate the dynamics of foreign currency exchange rates from the perspectives of: (1) a major U.S. corporation, ABB Power T & D Company, Inc., of Muncie, Indiana, a manufacturer of large power transformers for the domestic and foreign markets; and (2) individual…

78 FR 38450 - Agency Information Collection Activities; Information Collection Renewal; Reverse Mortgage...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-06-26

..., internal controls, and third party risk management. \\1\\ 74 FR 66652. \\2\\ 75 FR 50801. Prior to the... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL DEPOSIT INSURANCE...: Office of the Comptroller of the Currency, Treasury (OCC); Federal Deposit Insurance Corporation (FDIC...

17 CFR 405.4 - Financial recordkeeping and reporting of currency and foreign transactions by registered...

Code of Federal Regulations, 2010 CFR

2010-04-01

... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Financial recordkeeping and reporting of currency and foreign transactions by registered government securities brokers and dealers. 405.4 Section 405.4 Commodity and Securities Exchanges DEPARTMENT OF THE TREASURY REGULATIONS UNDER...

17 CFR 405.4 - Financial recordkeeping and reporting of currency and foreign transactions by registered...

Code of Federal Regulations, 2011 CFR

2011-04-01

... 17 Commodity and Securities Exchanges 3 2011-04-01 2011-04-01 false Financial recordkeeping and reporting of currency and foreign transactions by registered government securities brokers and dealers. 405.4 Section 405.4 Commodity and Securities Exchanges DEPARTMENT OF THE TREASURY REGULATIONS UNDER...

76 FR 37029 - Margin and Capital Requirements For Covered Swap Entities

Federal Register 2010, 2011, 2012, 2013, 2014

2011-06-24

... DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Part 45 [Docket No... of the Currency, Treasury (OCC); Board of Governors of the Federal Reserve System (Board); Federal... margin and capital requirements proposed by the Commodity Futures Trading Commission, the Agencies have...

Scholar Dollars: Their Use in Classroom Management.

ERIC Educational Resources Information Center

Deery, Ruth

Suggestions and background information to help teachers use classroom currency to influence students' behavior and academic efforts are provided. There are five parts to the publication. Part 1 discusses the many uses of classroom currency in teaching economics content, for motivation, and in discipline. For example, if teachers find that…

28 CFR 20.37 - Responsibility for accuracy, completeness, currency, and integrity.

Code of Federal Regulations, 2010 CFR

2010-07-01

... 28 Judicial Administration 1 2010-07-01 2010-07-01 false Responsibility for accuracy, completeness, currency, and integrity. 20.37 Section 20.37 Judicial Administration DEPARTMENT OF JUSTICE CRIMINAL JUSTICE INFORMATION SYSTEMS Federal Systems and Exchange of Criminal History Record Information § 20.37 Responsibility...

76 FR 5250 - Departmental Offices; Proposed Collection; Comment Request

Federal Register 2010, 2011, 2012, 2013, 2014

2011-01-28

.... The Office of International Monetary and Financial Policy within the Department of the Treasury is soliciting comments concerning Extension of Foreign Currency Form FC-1 (OMB No. 1505-0012) Weekly Consolidated Foreign Currency Report of Major Market Participants, Extension of Form FC-2 (OMB No. 1505-0010...

78 FR 53509 - Self-Regulatory Organizations; BATS Exchange, Inc.; Order Approving a Proposed Rule Change, as...

Federal Register 2010, 2011, 2012, 2013, 2014

2013-08-29

... for the following securities: Index-Linked Exchangeable Notes; Equity Gold Shares; Trust Certificates; Commodity-Based Trust Shares; Currency Trust Shares; Commodity Index Trust Shares; Commodity Futures Trust Shares; Partnership Units; Trust Units; Managed Trust Securities; and Currency Warrants (together with...

Bitcoin: A Pedagogical Guide for the College Classroom

ERIC Educational Resources Information Center

Barre, Todd J.

2015-01-01

The emergence of Bitcoin as an online currency/payment system has been surrounded with controversy with equally passionate proponents and detractors arguing for its long-term viability. These debates lead to stimulating exercises for the finance or economics student eager to understand principles of money, currencies, and monetary economics. The…

48 CFR 225.870-3 - Submission of offers.

Code of Federal Regulations, 2010 CFR

2010-10-01

... sealed bids in terms of U.S. currency. Do not adjust contracts awarded under sealed bidding for losses or gains from fluctuation in exchange rates. (d) Except for sealed bids, the Canadian Commercial Corporation normally will submit offers and quotations in terms of Canadian currency. The Corporation may, at...

Organizational culture of a psychiatric hospital and resilience of nursing workers.

PubMed

Rocha, Fernanda Ludmilla Rossi; Gaioli, Cheila Cristina Leonardo de Oliveira; Camelo, Silvia Helena Henriques; Mininel, Vivian Aline; Vegro, Thamiris Cavazzani

2016-01-01

to analyze the organizational culture of a psychiatric hospital and identify the capacity of resilience of nursing workers. quantitative research. For data collection, were used the Brazilian Instrument for Evaluation of Organizational Culture (IBACO - Instrumento Brasileiro para Avaliação da Cultura Organizacional) and the Resilience Scale (RS). participants reported the existence of centralization of power and devaluation of workers, despite recognizing the existence of collaboration at work and practices for improving interpersonal relations. In relation to the capacity of resilience, 50% of workers showed high level, and 42.9% a medium level of resilience. The correlation tests revealed negative values between the IBACO and RS domains, indicating that the lower the appreciation of individuals in the institution, the greater their capacity of resilience. the organizational values reflect the work organization model in the institution that devalues the workers' needs and requires greater capacity of resilience.

Field and laboratory comparison of the sensitivity and reliability of cocaine detection on currency using chemical sensors, humans, K-9s, and SPME/GC/MS/MS analysis

NASA Astrophysics Data System (ADS)

Furton, Kenneth G.; Hsu, Ya-Li; Luo, Tien-Ying; Norelus, Arnold; Rose, Stefan

1999-02-01

Reports that money in general circulation is contaminated with cocaine have resulted in contaminated money theories purporting that any person carrying currency could potentially initiate a drug dog alert. Field tests on dozens of different drug detector dogs with widely varying breeds, ages and training regimes show a consistent threshold level of 1 - 10 (mu) g of methyl benzoate spiked along with cocaine on U.S. currency or 0.1 - 1 ng/sec methyl benzoate diffusion required to initiate an alert. No other substance studied to data has initiated consistent responses by the drug dogs studied.

Classical technical analysis of Latin American market indices. Correlations in Latin American Currencies (ARS, CLP, MXP) exchange rates with respect to DEM, GBP, JPY and USD

NASA Astrophysics Data System (ADS)

Ausloos, M.; Ivanova, K.

2004-06-01

The classical technical analysis methods of financial time series based on the moving average and momentum is recalled. Illustrations use the IBM share price and Latin American (Argentinian MerVal, Brazilian Bovespa and Mexican IPC) market indices. We have also searched for scaling ranges and exponents in exchange rates between Latin American currencies ($ARS$, $CLP$, $MXP$) and other major currencies $DEM$, $GBP$, $JPY$, $USD$, and $SDR$s. We have sorted out correlations and anticorrelations of such exchange rates with respect to $DEM$, $GBP$, $JPY$ and $USD$. They indicate a very complex or speculative behavior.

Asymmetry of ARCH effects and natural resources disease or virtue: Mozambique experience

NASA Astrophysics Data System (ADS)

Faias, Marta; Mota, Pedro; Mulenga, Alberto; Pina, Joaquim P.

2016-06-01

We study the exchange rate behavior, mainly as to the presence of asymmetry in the shocks to conditional variance. Particularly, we investigate if the presence of that asymmetric response is specific to a marked behavior of the currency, appreciation/Dutch disease/depreciation, and if it appears masked when taking long non-homogeneous periods. Taking Mozambique Metical bilateral exchange rate against South Africa Rand, a major trading partner, we identify specific movements in defined sub-periods, where the most recent has the Dutch disease under scrutiny. Our results point out that asymmetry emerges especially when the currency is depreciating, while it is masked when considering larger periods that combine differences in currency behavior.

Utilization of aloe vera extract as electrolyte for an accumulator

NASA Astrophysics Data System (ADS)

Azmi, F.; Sispriatna, D.; Ikhsan, K.; Masrura, M.; Azzahra, S. S.; Mahidin; Supardan, M. D.

2018-03-01

Aloe vera contains acid, which has the potential to generate electric current. The objective of this research is to study the potency of aloe vera extract as electrolyte for an accumulator. Experimental results showed that aloe vera extract has no a stable value of voltage and currency. The voltage and currency of aloe vera extract were reduced more than 50% for 60 minutes. Then, aloe vera extract was mixed with accu zuur to produce electrolyte solution. The mixture composition of aloe vera extract to accu zuur of 50:50 (v/v) generated stable voltage and currency. The experimental results showed the potential use of aloe vera extract to reduce the chemicals used in a conventional electrolyte solution.

31 CFR 103.23 - Reports of transportation of currency or monetary instruments.

Code of Federal Regulations, 2010 CFR

2010-07-01

... overland shipments of currency or monetary instruments shipped to or received from an established customer maintaining a deposit relationship with the bank, in amounts which the bank may reasonably conclude do not... customer concerned; (4) A person who is not a citizen or resident of the United States in respect to...

41 CFR 102-38.290 - What types of payment may we accept?

Code of Federal Regulations, 2010 CFR

2010-07-01

... limited to, the following: (a) U.S. currency or any form of credit instrument made payable on demand in U.S. currency, e.g., cashier's check, money order. Promissory notes and postdated credit instruments are not acceptable. (b) Irrevocable commercial letters of credit issued by a United States bank...