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SPECULATION AND MONETARY POLICY BEHAVIOUR IN THE 1992 CURRENCY CRISIS: THE ITALIAN CASE
Rosaria Rita Canale,Alberto Montagnoli,Oreste Napolitano 한국국제경제학회 2008 International Economic Journal Vol.22 No.3
The paper proposes an explanation for the 1992 currency crisis as the result of monetary policy behaviour and private agents’ speculation. Our analysis reveals how speculators’ expectations and the behaviour of the monetary policy authority were formed on the widespread beliefs about the future value of income. We show that the real effects of monetary policy measures represent the link between the action of the Central Bank and speculation.
Maria Rosaria Di Nucci,Michael Krug 한국환경정책학회 2018 環境政策 Vol.26 No.S
This paper discusses the framework conditions to promote the socially inclusive and environmentally sound uptake of renewable energy with a special focus on wind power in Germany and on the policy framework of the European Union (EU). The analysis of these aspects relates to the achievement of one of the Sustainable Development Goals, namely SDG 7 (affordable and clean energy). Wind power plays an important role for mastering the energy transition, but in many countries of the EU, wind energy has become a subject of contested debates. Besides geographic, market, policy, and other factors which affect the implementation of wind energy projects, low levels of market deployment can also be attributed to a diminishing social acceptance and growing local opposition. This is mostly due to the visual impact, noise annoyance, public perception of health risks, local environmental disruption harming local fauna and flora, potentially negative impact on recreation and tourism, or land and real property values as well as to perceived procedural or distributional injustice including affordability of electricity prices, and insufficient public participation. The paper provides insights from an ongoing research project supported by the European Commission under the research programme Horizon 2020. The WinWind Project identifies similarities and differences between regions in five EU countries and in Norway highlighting barriers and drivers for the uptake of wind energy. The paper analyses the European and the German policy frameworks, social acceptance barriers and drivers in two regions of East Germany, and describes promising approaches that drive social acceptance and enhance the environmentally sound uptake of wind energy projects.
Maria Rosaria Marsico 국제구조공학회 2014 Smart Structures and Systems, An International Jou Vol.14 No.6
Real-time dynamic substructuring tests have been conducted on a cable-deck system. The cable is representative of a full scale cable for a cable-stayed bridge and it interacts with a deck, numerically modelled as a single-degree-of-freedom system. The purpose of exciting the inclined cable at the bottom is to identify its nonlinear dynamics and to mark the stability boundary of the semi-trivial solution. The latter physically corresponds to the point at which the cable starts to have an out-of-plane response when both input and previous response were in-plane. The numerical and the physical parts of the system interact through a transfer system, which is an actuator, and the input signal generated by the numerical model is assumed to interact instantaneously with the system. However, only an ideal system manifests a perfect correspondence between the desired signal and the applied signal. In fact, the transfer system introduces into the desired input signal a delay, which considerably affects the feedback force that, in turn, is processed to generate a new input. The effectiveness of the control algorithm is measured by using the synchronization technique, while the online adaptive forward prediction algorithm is used to compensate for the delay error, which is present in the performed tests. The response of the cable interacting with the deck has been experimentally observed, both in the presence of delay and when delay is compensated for, and it has been compared with the analytical model. The effects of the interface delay in real-time dynamic substructuring tests conducted on the cable-deck system are extensively discussed.
Creativity–decision processes: the case of Italian luxury fashion
Maria Rosaria Marcone 한국마케팅과학회 2015 Journal of Global Fashion Marketing Vol.6 No.1
This study analyzes Italian knitwear manufacturers that operate in internationalconsumer and business markets, and assesses the different forms of competition thatexist between them. The purpose of the research is to analyze the different positioningof these firms within the chain of production that they belong to. A framework isproposed to study firms that deal with fashion, that operate in different competitivecontexts and that have to launch new products frequently. Sweater manufacturers adoptmarketing strategies that are based on a constant growth of marketing capacity(specialized and structural), in order to allow them to enjoy a leading role in microsegmentsof world markets. Through multiple case studies, this paper provides a deeperunderstanding of the strategic decisions regarding marketing and productive activities. The purpose of the paper is to describe and discuss how the integration of intraorganizationalcompetence affects the creative processes of firms. The papercontributes to research on creativity through discussing the issue in the context ofinteraction and provides many implications for management practice and avenues forfuture academic research.
Marsico, Maria Rosaria Techno-Press 2014 Smart Structures and Systems, An International Jou Vol.14 No.6
Real-time dynamic substructuring tests have been conducted on a cable-deck system. The cable is representative of a full scale cable for a cable-stayed bridge and it interacts with a deck, numerically modelled as a single-degree-of-freedom system. The purpose of exciting the inclined cable at the bottom is to identify its nonlinear dynamics and to mark the stability boundary of the semi-trivial solution. The latter physically corresponds to the point at which the cable starts to have an out-of-plane response when both input and previous response were in-plane. The numerical and the physical parts of the system interact through a transfer system, which is an actuator, and the input signal generated by the numerical model is assumed to interact instantaneously with the system. However, only an ideal system manifests a perfect correspondence between the desired signal and the applied signal. In fact, the transfer system introduces into the desired input signal a delay, which considerably affects the feedback force that, in turn, is processed to generate a new input. The effectiveness of the control algorithm is measured by using the synchronization technique, while the online adaptive forward prediction algorithm is used to compensate for the delay error, which is present in the performed tests. The response of the cable interacting with the deck has been experimentally observed, both in the presence of delay and when delay is compensated for, and it has been compared with the analytical model. The effects of the interface delay in real-time dynamic substructuring tests conducted on the cable-deck system are extensively discussed.
Barrier Properties of PLA to Water Vapour: Effect of Temperature and Morphology
Giuliana Gorrasi,Rosaria Anastasio,Laura Bassi,Roberto Pantani 한국고분자학회 2013 Macromolecular Research Vol.21 No.10
In this paper the barrier properties to water vapour of polylactic acid (PLA) films prepared with different thermal treatments were analyzed with the aim of correlating them to the morphology of the samples. The crystallization kinetics of the material was assessed during isothermal steps reached after cooling from the melt or heating from the solid. The temperature at which the maximum crystallization rate was attained was selected as the crystallization temperature for the samples analyzed for barrier properties. The structural and morphological organization was analyzed by means of X-ray diffraction analysis, differential thermal analysis (DSC) and optical analysis. Sorption and diffusion experiments were conducted either varying the temperature or the morphology of the samples. It was found that sorption was mainly dependent on the amount of the permeable non crystalline phase, while diffusion was also dependent on the morphological organization of the crystalline domains.
COUNTRY IMAGE AS SEGMENTATION TOOL IN THE EMERGING MARKETS: EVIDENCE FROM ITALY
Alessandro De Nisco,Maria Rosaria Napolitano,Michela C. Mason,Giampaolo Viglia 글로벌지식마케팅경영학회 2018 Global Marketing Conference Vol.2018 No.07
This paper analyses consumers’ perception of the country image of Italy across 7 emerging countries: Brazil, China, India, Indonesia, Russia, South Africa, and Turkey. Drawing from the international marketing and tourism literature (De Nisco, Papadopoulos and Heslop, 2017; Roth and Diamantopoulos, 2009), 4 main structural dimensions of the Italian country image were chosen as focus of investigation: general country image, product-country image, tourism destination image and cultural heritage image. The empirical research was based on a survey conducted on a sample of 4,550 respondents intercepted through an online panel. Two preliminary exploratory factor analysis (EFA) were ran to refine the scales and to summarize the data into structural factors. The first EFAs grouped measurement scales in 7 components: tourism destination image; general country image; product country image; product accessibility; evaluation of hedonic products; evaluation of utilitarian products; and evaluation of Italy as a tourism destination. The second EFA identified 3 distinct components of the cultural heritage image construct, i) art, literature, history, movies, ii) sociality, cooking, handcrafts and iii) traditions, expression, celebrations. Using the dimensions resulting from the EFA as data input, a latent class analysis was then employed. A 4-cluster solution emerged and the four segments reveal how the general country, product, tourism and cultural heritage components of place image are related and of how they jointly affect consumers’ intentions. Moreover, the study provides additional evidence of country of origin effects from the perspective of consumers from emerging markets, where both the
Francesco Ioppolo,Fabiana Saracino,Rosaria Sabrina Rizzo,Giampaolo Monacelli,Danilo Lanni,Luca Di Sante,Angelo Cacchio,Valter Santilli,Teresa Venditto 대한재활의학회 2018 Annals of Rehabilitation Medicine Vol.42 No.1
Objective To compare extracorporeal shockwave therapy (ESWT) with hyaluronic acid (HA) intra-articular injections in terms of pain relief, improvement in hand function, and strength in subjects with first carpometacarpal (CMC) joint osteoarthritis. Methods Fifty-eight patients received either focused ESWT or HA injection once a week for 3 consecutive weeks. In the ESWT group, 2,400 consecutive pulses were performed during each treatment session using a frequency of 4 Hz and an an energy flux density of 0.09 mJ/mm2. The HA group underwent one cycle of three injections of 0.5 cm3 HA. The main outcome measures were pain and hand function as measured by the visual analogue scale (VAS) and Duruoz Hand Index (DHI), respectively. The secondary outcomes were grip and pinch strength. Each assessment was performed at baseline, at the end of treatment, and at 3- and 6-month follow-up visits. Results According to VAS and DHI scores, a significant change in test performance was observed over time in both groups (p<0.001), with a greater average improvement in painful symptomatology at the 6-month follow-up in the ESWT group. A significant improvement in strength was observed in both groups, but the ESWT group showed better results on the pinch test starting immediately at the end of treatment. Conclusion The use of ESWT in patients with first CMC joint osteoarthritis leads to a reduction in pain, an improvement in pinch test performance that persists for at least 6 months, and a decrease in hand disability up to the 6-month follow-up visit.
Surajit Pathak,Alessia Rosaria Grillo,Melania Scarpa,Paola Brun,Renata D’Incà,Laura Nai,Antara Banerjee,Donatella Cavallo,Luisa Barzon,Giorgio Palù,Giacomo Carlo Sturniolo,Andrea Buda,Ignazio Castagli 생화학분자생물학회 2015 Experimental and molecular medicine Vol.47 No.-
Abnormal levels of microRNA (miR)-155, which regulate inflammation and immune responses, have been demonstrated in the colonic mucosa of patients with inflammatory bowel diseases (IBD), although its role in disease pathophysiology is unknown. We investigated the role of miR-155 in the acquisition and maintenance of an activated phenotype by intestinal myofibroblasts (IMF), a key cell population contributing to mucosal damage in IBD. IMF were isolated from colonic biopsies of healthy controls, ulcerative colitis (UC) and Crohn’s disease (CD) patients. MiR-155 in IMF was quantified by quantitative reverse transcription-PCR in basal condition and following exposure to TNF-α, interleukin (IL)-1β, lipopolysaccharide (LPS) or TGF-β1. The effects of miR-155 mimic or inhibitor transfection on cytokine release and suppressor of cytokine signaling 1 (SOCS1) expression were assessed by enzyme-linked immunosorbent assay and western blot, respectively. Regulation of the target gene SOCS1 expression by miR-155 was assessed using luciferase reporter construct. We found that miR-155 was significantly upregulated in UC as compared with control- and CD-derived IMF. Moreover, TNF-α and LPS, but not TGF-β1 and IL-1β, significantly increased miR-155 expression in IMF. Ectopic expression of miR-155 in control IMF augmented cytokines release, whereas it downregulated SOCS1 expression. MiR-155 knockdown in UC-IMF reduced cytokine production and enhanced SOCS1 expression. Luciferase reporter assay demonstrated that miR-155 directly targets SOCS1. Moreover, silencing of SOCS1 in control IMF significantly increased IL-6 and IL-8 release. In all, our data suggest that inflammatory mediators induce miR-155 expression in IMF of patients with UC. By downregulating the expression of SOCS1, miR-155 wires IMF inflammatory phenotype.