Swan Lake ballet

Äänitetty: 14.-15.12.1954, University of Minnesota, Northrop Memorial Auditorium.

La damnation de Faust

Soitinnus: Ork.

Exiles and Constituents: Baltic Refugees and American Cold War Politics, 1948- 1960

This dissertation explores the complicated relations between Estonian, Latvian, and Lithuanian postwar refugees and American foreign policymakers between 1948 and 1960. There were seemingly shared interests between the parties during the first decade of the Cold War. Generally, Eastern European refugees refused to recognize Soviet hegemony in their homelands, and American policy towards the Soviet bloc during the Truman and Eisenhower administrations sought to undermine the Kremlin’s standing in the region. More specifically, Baltic refugees and State Department officials sought to preserve the 1940 non-recognition policy towards the Soviet annexation of the Baltic States. I propose that despite the seemingly natural convergence of interests, the American experiment of constructing a State-Private network revolving around fostering relations with exile groups was fraught with difficulties. These difficulties ultimately undermined any ability that the United States might have had to liberate the Baltic States from the Soviet Union. As this dissertation demonstrates, Baltic exiles were primarily concerned with preserving a high level of political continuity to the interwar republics under the assumption that they would be able to regain their positions in liberated, democratic societies. American policymakers, however, were primarily concerned with maintaining the non-recognition policy, the framework in which all policy considerations were analyzed. I argue that these two motivating factors created unnecessary tensions in American policy towards the Baltic republics in the spheres of psychological warfare as well as exile unity in the United States and Europe. Despite these shortcomings, I argue that out of the exiles’ failings was born a generation of Baltic constituents that blurred the political legitimacy line between exiles who sought to return home and ethnic Americans who were loyal to the United States. These Baltic constituents played an important role in garnering the support of the United States Congress, starting in the 1950s, but became increasingly influential after the 1956 Hungarian Revolution, despite the seemingly less important role Eastern Europe played in the Cold War. The actions of the Baltic constituents not only prevented the Baltic question from being forever lost in the memory hole of history, but actually created enough political pressure on the State Department that it was impossible to alter the long-standing policy of not recognizing the Soviet annexation of the Baltic States.

Interdependence of Emerging Eastern European stock markets

One of the main developments in the global economy during the past decades has been the growth of emerging economies. Projections for their long-term growth, changes in the investment climate, corporate transparency and demography point to an increasing role for these emerging economies in the global economy. Today, emerging economies are usually considered as financial markets offering opportunities for high returns, good risk diversification and improved return-to-risk ratios. However, researchers have noted that these advantages may be in decline because of the increasing market integration. Nevertheless, it is likely that certain financial markets and specific sectors will remain partially segmented and somewhat insulated from the global economy for the year to come. This doctoral dissertation investigates several stock markets in Emerging Eastern Europe (EEE), including the ones in Russia, Poland, Hungary, the Czech Republic, Bulgaria and Slovenia. The objective is to analyze the returns and financial risks in these emerging markets from international investor’s point of view. This study also examines the segmentation/integration of these financial markets and the possibilities to diversify and hedge financial risk. The dissertation is divided into two parts. The first includes a review of the theoretical background for the articles and a review of the literature on EEE stock markets. It includes an overview of the methodology and research design applied in the analysis and a summary of articles from the second part of this dissertation and their main findings. The second part consists of four research publications. This work contributes to studies on emerging stock markets in four ways. First, it adds to the body of research on the pricing of risk, providing new empirical evidence about partial stock market segmentation in EEE. The results suggest that the aggregate emerging market risk is a relevant driver for stock market returns and that this market risk can be used to price financial instruments and forecast their performance. Second, it contributes to the empirical research on the integration of stock markets, asset prices and exchange rates by identifying the relationships between these markets through volatility and asset pricing. The results show that certain sectors of stock markets in EEE are not as integrated as others. For example, the Polish consumer goods sector, the Hungarian telecommunications sector, and the Czech financial sector are somewhat isolated from their counterparts elsewhere in Europe. Nevertheless, an analysis of the impact of EU accession in 2004 on stock markets suggests that most of the EEE markets are becoming increasingly integrated with the global markets. Third, this thesis complements the scientific literature in the field of shock and volatility spillovers by examining the mechanism of spillover distribution among the EU and EEE countries. The results illustrate that spillovers in emerging markets are mostly from a foreign exchange to the stock markets. Moreover, the results show that the effects of external shocks on stock markets have increased after the enlargement of the EU in 2004. Finally, this study is unique because it analyzes the effects of foreign macroeconomic news on geographically closely related countries. The results suggest that the effects of macroeconomic announcements on volatility are significant and have effect that varies across markets and their sectors. Moreover, the results show that the foreign macroeconomic news releases, somewhat surprisingly, have a greater effect on the EEE markets than the local macroeconomic news. This dissertation has a number of implications for the industry and for practitioners. It analyses financial risk associated with investing in Emerging Eastern Europe. Investors may use this information to construct and optimize investment portfolios. Moreover, this dissertation provides insights for investors and portfolio managers considering asset allocation to protect value or obtain higher returns. The results have also implications for asset pricing and portfolio selection in light of macroeconomic news releases.

Defining the art of grammar: Ancient perceptions of γραμματική and grammatical

The subject of this dissertation, which belongs to the field of Classical Philology, are the definitions of the art of grammar found in Greek and Latin sources from the Classical era to the second century CE. Definitions survive from grammarians, philosophers, and general scholars. I have examined these definitions from two main points of view: how they are formed, and how they reflect the development of the art itself. Defining formed part of dialectic, in practice also of rhetoric, and was perceived as important from the Classical era onwards. Definitions of grammar seem to have become established as part of preliminary discussions, located at the beginning of grammatical manuals (tékhnai, artes). These discussions included certain principal notions of the art; in addition to the definition, a list of the parts of the art was also typically included. These lists were formed by two different methods: division (diaíresis, divisio) and partition (merismós, partitio). Many of the grammarians may actually have been unfamiliar with these methods, unlike the two most important scholars of the Late Republic, Varro and Cicero. Significant attention was devoted to the question whether the art of grammar is based on lógos or empeiría. This epistemological question had its roots in medical theories, which were prominent in Alexandria. In the history of the concept of grammatiké or grammatica, three stages become evident. In the Classical era, the Greek term is used to refer to a very concrete art of letters (grámmata); from the Hellenistic era onwards it refers to the art developed by the Alexandrian scholars, a matter of textual and literary criticism. Towards the end of the Hellenistic era, the grammarian also becomes involved with the question of correct language, which gradually begins to appear in the definitions as well.

Die Beendigung von finnischen und deutschen Telefonaten. Eine interaktionslinguistische, kontrastierende Untersuchung

Suomalaisten ja saksalaisten arkikeskustelujen välillä on sekä yhtäläisyyksiä että eroja. Tässä saksalaisen filologian alaan kuuluvassa tutkimuksessa tarkastellaan yhtä keskeistä arkikeskustelun toimintoa, puhelinkeskustelun lopetusta, suomen- ja saksanpuhujien tuottamana. Aineistona on käytetty suomen- ja saksankielisten äidinkielisten puhujien tätä tutkimusta varten nauhoittamia henkilökohtaisia luonnollisia puhelinkeskusteluja. Aineistoon valikoitui 12 suomalaista ja 12 saksalaista puhelua. Nauhoitteiden käyttöön on saatu asianmukainen lupa kaikilta osapuolilta. Puhelut on litteroitu saksalaisella kielialueella vakiintuneen GAT-litterointisysteemin mukaan. Teoreettis-metodisena kehyksenä on kaksi tutkimusalaa, vuorovaikutuslingvistiikka ja kielten vertailu. Vuorovaikutuslingvistinen tarkastelu keskittyy havaintoihin vuorojen ja puheen sekvenssien rakenteesta. Vuorojen merkitysten tulkinnassa hyödynnetään systemaattisesti prosodian antamia vihjeitä. Tuloksena on yksittäisten lopetusten keskustelunanalyyttinen lähikuvaus, jonka pohjalta määritellään kulloisenkin lopetuksen sekvenssirakenne. Kaikki lopetukset olivat siltä osin yhteneväisiä, että niissä kaikissa havaittiin ainakin aloittava, tulevaan tapaamiseen viittaava sekä lopputervehdyksiin johtava sekvenssi. Sekvenssirakenteen variaatioiden pohjalta aineiston lopetukset voidaan kuitenkin jaotella ryhmiin. Sekä suomen- että saksankielisessä aineistossa havaittiin kolmentyyppisiä lopetuksia: kompakteja, komplekseja ja keskeytettyjä lopetuksia. Ryhmittely kolmeen tyyppiin on avuksi seuraavassa kuvausvaiheessa, jossa verrataan suomen- ja saksankielisiä lopetuksia toisiinsa. Samanaikaisesti kun tutkimus valottaa kohtia, joissa kaksi aineistosettiä yhtenevät ja eroavat, se myös esittää, mitkä vuorovaikutuksen tasot soveltuvat kieltenvälisen vertailun kohteiksi. Pohdintaa siitä, mitä vuorovaikutuksen tasoja kieltenväliseen vertailuun voidaan sisällyttää, onkin toistaiseksi esitetty verrattain vähän. Työ siis rakentaa siltaa vuorovaikutuslingvistisen ja kontrastiivisen kielitieteen välille.