Private borrowing during the financial revolution: Hoare’s Bank and its customers, 1702-1724

The financial revolution improved the British government s ability to borrow, andthus its ability to wage war. North andWeingast argued that it also permitted privateparties to borrow more cheaply and widely.We test these inferences with evidencefrom a London bank.We confirm that private bank credit was cheap in the earlyeighteenth century, but we argue that it was not available widely. Importantly, thegovernment reduced the usury rate in 1714, sharply reducing the circle of privateclients that could be served profitably.

Credit rationing and crowding out during the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862

Crowding-out during the British Industrial Revolution has long been one of the leadingexplanations for slow growth during the Industrial Revolution, but little empirical evidence exists to support it. We argue that examinations of interest rates are fundamentally misguided, and that the eighteenth- and early nineteenth-century private loan market balanced through quantity rationing. Using a unique set of observations on lending volume at a London goldsmith bank, Hoare s, we document the impact of wartime financing on private credit markets. We conclude that there is considerable evidence that government borrowing, especially during wartime, crowded out private credit.

Banking as an emerging technology: Hoare's Bank, 1702-1742

London s financial market underwent dramatic change after 1700. More limitedthan Paris or Amsterdam in the seventeenth century, London became the leadingfinancial centre in Europe in the eighteenth century. There is an extensive andgrowing literature on the causes of this change, but comparatively little on thechange itself. This article provides detailed information on the operation of theLondon financial market around 1700 by describing the operations of a nascentLondon bank.

El problema de una sensibilización del campo de la moralidad en la filosofia trascendental de Kant

La problemática de la investigación se plantea en el contexto de la filosofía trascendental de Kant, en relación al modo en que es en general posible para nosotros representarnos el ámbito de la moralidad. Nuestra comprensión natural o preteórica del funcionamiento del lenguaje parece llevarnos a entender el significado de nuestras palabras en términos de la relación que se establece entre el signo lingüístico y el objeto: nuestros términos lingüísticos están en el lugar del objeto extralingüístico a que refieren y que constituye su significado. A nuestro modo de ver, la afirmación kantiana relativa a que todo nuestro conocimiento comienza con la experiencia, es decir, con aquello que procede de los sentidos, parece estar apuntando a esta intuición fundamental. Ahora bien, la cuestión que cabe plantearse es: de acuerdo con este modelo de significación, ¿cuál es el significado de nuestros términos morales? Si, con Kant, aceptamos que el concepto de deber moral exige el cumplimiento (u omisión) incondicionado de una acción y que, precisamente por las exigencias de universalidad y necesidad que le son inherentes, tal concepto es inderivable de la experiencia, cabe preguntarse cuál es el significado del concepto de deber en sentido moral (y, en general, de los términos morales) y de qué manera somos capaces de representárnoslo. Mi investigación ha pretendido esclarecer precisamente en qué sentido debe entenderse la afirmación kantiana de que en la reflexión sobre la corrección moral de nuestras acciones, para representarnos las exigencias de universalidad y necesidad que son propias del concepto de deber moral, nos servimos analógicamente del concepto de naturaleza, así como analizar la plausibilidad de la propuesta kantiana misma.

Gestió d'inventari de dispositius

La memòria consisteix en el desenvolupament d'un sistema web per gestionar l'inventari de dispositius de xarxa i d'equips informàtics d'una escola. Més concretament dels equips es pot gestionar informació referent a característiques de hardware, software i de xarxa com l'adreça MAC, IP, roseta on està connectat... Dels dispositius de xarxa es pot gestionar informació referent als armaris, patch panels, switches, virtual LANs i punts d'accés on es connecten ordinadors, portàtils, telèfons o faxos.

Validador de políticas de acceso abierto

MELIBEA és un directori i validador de polítiques en favor de l'accés obert a la producció científico-acadèmica. Com a directori, descriu les polítiques institucionals existents relacionades amb l'accés obert (AO) a la producció científica i acadèmica. Com a validador, les sotmet a una anàlisi qualitatiu i quantitatiu basat en el compliment d'un conjunt d'indicadors que reflecteixen les bases en què es fonamenta una política institucional. El validador indica una puntuació i un percentatge de compliment per a cada una de les polítiques analitzades. Això es realitza a partir dels valors assignats a certs indicadors i la seva ponderació en funció de la seva importància relativa. La suma dels valors ponderats de cadascun dels indicadors s'ajusta a una escala percentual i condueix al que hem anomenat "Percentatge validat d'accés obert", el càlcul del qual s'exposa en l'apartat de Metodologia. Els tipus d'institucions que s'analitzen són universitats, centres de recerca, agències finançadores i organitzacions governamentals.

Attention, memory and verbal learning and their relation to schizotypal traits in unaffected parents of schizophrenic patients

The main objective of this ex post facto study is to compare the differencesin cognitive functions and their relation to schizotypal personality traits between agroup of unaffected parents of schizophrenic patients and a control group. A total of 52unaffected biological parents of schizophrenic patients and 52 unaffected parents ofunaffected subjects were assessed in measures of attention (Continuous PerformanceTest- Identical Pairs Version, CPT-IP), memory and verbal learning (California VerbalLearning Test, CVLT) as well as schizotypal personality traits (Oxford-Liverpool Inventoryof Feelings and Experiences, O-LIFE). The parents of the patients with schizophreniadiffer from the parents of the control group in omission errors on the ContinuousPerformance Test- Identical Pairs, on a measure of recall and on two contrast measuresof the California Verbal Learning Test. The associations between neuropsychologicalvariables and schizotpyal traits are of a low magnitude. There is no defined pattern ofthe relationship between cognitive measures and schizotypal traits

Cosmopolitan justice and minority rights: the case of minority nations (or Kant again, but different)

Global Justice has usually been understood to mean institutional and social justice (political and redistributive issues on a global scale). In contrast, issues involving different national and cultural identities, are usually marginal in reflections on global justice. This occurs despite the fact that human rights include political social and cultural rights. This paper links a conception of global justice, moral cosmopolitanism, with plurinational democracies. After giving a brief description of moral cosmopolitanism I go on to analyse notions of cosmopolitanism and patriotism in Kant's work and the political significance that the notion of "unsocial sociability" and the "Ideas of Pure Reason" of Kant's first Critique have for cosmopolitanism. Finally, I analyse the relationship between cosmopolitanism and minority nations based on the preceding sections. I postulate the need for a moral and institutional refinement of democracies and international society that is better able to accommodate national pluralism than has so far been achieved by traditional liberal constitutionalism and cosmopolitanism

The ethics of creative accounting

The term 'creative accounting' can be defined in a number ofways. Initially we will offer this definition: 'a processwhereby accountants use their knowledge of accounting rulesto manipulate the figures reported in the accounts of abusiness'.To investigate the ethical issues raised by creativeaccounting we will:- Explore some definitions of creative accounting.- Consider the various ways in which creative accounting can be undertaken.- Explore the range of reasons for a company's directors to engage in creative accounting.- Review the ethical issues that arise in creative accounting.- Report on surveys of auditors' perceptions of creative accounting in the UK, Spain and New Zealand.

Trends in indices of daily precipitation extremes in Catalonia (NE Spain), 1951-2003

The aim of this paper is to quantitatively characterize the climatology of daily precipitation indices in Catalonia (northeastern Iberian Peninsula) from 1951 to 2003. This work has been performed analyzing a subset of the ETCCDI (Expert Team on Climate Change Detection and Indices) precipitation indices calculated from a new interpolated dataset of daily precipitation, namely SPAIN02, regular at 0.2° horizontal resolution (around 20 km) and from two high-quality stations: the Ebro and Fabra observatories. Using a jack-knife technique, we have found that the sampling error of the SPAIN02 regional averaged is relatively low. The trend analysis has been implemented using a Circular Block Bootstrap procedure applicable to non-normal distributions and autocorrelated series. A running trend analysis has been applied to analyze the trend persistence. No general trends at a regional scale are observed, considering the annual or the seasonal regional averaged series of all the indices for all the time windows considered. Only the consecutive dry days index (CDD) at annual scale shows a locally coherent spatial trend pattern; around 30% of the Catalonia area has experienced an increase of around 2¿3 days decade¿1. The Ebro and Fabra observatories show a similar CDD trend, mainly due to the summer contribution. Besides this, a significant decrease in total precipitation (around ¿10 mm decade¿1) and in the index "highest precipitation amount in five-day period" (RX5DAY, around ¿5 mm decade¿1), have been found in summer for the Ebro observatory.

Las Ideas de 'Weltbürgertum' y 'Ewige Friede' en la Metafísica de las costumbres

Se estudian en este artículo las ideas de "paz perpetua" y "ciudadanía universal"según Kant, quien define su conjunto como el "supremo bien político" y la cumbre de la Doctrina del derecho. El propósito principal de esta investigación es reconstruir todo elcomplejo conjunto de "paz perpetua" y "comunidad universal" a través de los textos de La Metafisica de las costumbres. El segundo propósito es tratar de resolver las ambivalenciascognitivas de tales ideas en conexión con su desarrollo práctico y explicar las dudas y vacilaciones de Kant cuando en la Doctrina del derecho ha de definir las consecuenciasúltimas de tal conjunción. Para reconstruir fielmente el pensamiento kantiano, seguimos un método genético al investigar y al exponer.