Uma análise da gestão de risco de preço por parte dos produtores de café arábica no Brasil

Os mercados futuros possuem uso restrito entre os cafeicultores brasileiros, o que, de certa maneira, não condiz com as altas razões ótimas de hedge obtidas nos modelos de mínima variância. Os motivos para esta baixa utilização estão associados às características do produtor e de seu negócio, preferências em relação ao modelo de administração de risco da atividade e questões comportamentais. Diante disso, o presente estudo buscou verificar quais fatores interferem na decisão de uso destes derivativos entre os cafeicultores brasileiros. Em uma primeira etapa, foram calculadas razões ótimas de hedge, de acordo com Myers e Thompson (1989), para os mercados da BM&FBOVESPA e ICE Futures. Tais razões apresentaram valores superiores a 50%. Em uma segunda etapa, a partir da aplicação de 373 questionários, observou-se que 12,9% da amostra declara conhecer e utilizar futuros, sendo que, na média, a razão de hedge adotada esteve abaixo de 50%. Em uma terceira etapa, a partir de um modelo logit, concluiu-se que os fatores que influenciaram o uso dos contratos foram grau de aversão ao risco de preço, tamanho da produção, nível de conhecimento sobre derivativos e dimensão pela qual se entende que tais instrumentos levam à maior estabilidade da receita da atividade.

Café Bauer [Illustration] : Ölgemälde

Lesser Ury

Tischgespräche aus dem Café "Weidhof"

E. R.

Tischgespräche aus dem Café "Weidhof" : II.

E. R.

Tischgespräche aus dem Café "Weidhof"

Schulim Mannelstein

Tischgespräche aus dem Café "Weidhof"

E. R.

Tischgespräche aus dem Café "Weidhof" : (eine frisch entdeckte Rasseneigenschaft der Juden)

E. R.

Tischgespräche aus dem Café "Weidhof" : (Herr Mannelstein hat einen kuriosen Traum)

E. R.

Na 50 Nachlass Arthur Schopenhauer - 'Schopenhauer-Archiv', 1228 - Treffen mit Rudolph Seydel im Café Hanisch

2 Seiten

El café, o la comedia nueva : comedia en 2 actos, en prosa

por Leandro Fernandez de Moratin

Erinnerung an die Jubiläums-Fest Aufführungen der Bayreuther Nibelungen : Gruss aus der hist. Wagnerkneipe - Angermann Künstlerheim Café Sammet.

Signatur des Originals: S 36/F07050

Konzertplatz vor dem Café "Zur großen Trommel"

Signatur des Originals: S 36/F11363

Functions of GCN5 and P /CAF acetyltransferases in mammalian development

Histone acetyltransferases are important chromatin modifiers that function as transcriptional co-activators. The identification of the transcriptional regulator GCN5 as the first nuclear histone acetyltransferase in yeast directly linked chromatin remodeling to transcriptional regulation. Although emerging evidence suggests that acetyltransferases participate in multiple cellular processes, their roles in mammalian development remain undefined. In this study, I have cloned and characterized the mouse homolog of GCN5 and a closely related protein P/CAF that interacts with p300/CBP. In contrast to yeast GCN5, but similar to P/CAF, mouse GCN5 possesses an additional N-terminal domain that confers the ability to acetylate nucleosomal histones. GCN5 and P/CAF exhibit identical substrate specificity and both interact with p300/CBP. Interestingly, expression levels of GCN5 and P/CAF display a complementary pattern in mouse embryos and in adult tissues, suggesting that they have distinct tissue or developmental stage specific roles. To define the in vivo function of GCN5 and P/CAF, I have generated mice that are nullizygous for GCN5 or P/CAF. P/CAF null mice are viable and fertile with no gross morphological defects, indicating that P/CAF is dispensable for development and p300/CBP function in vivo. In contrast, mice lacking GCN5 die between 10.5–11 days of gestation. GCN5 null mice are severely retarded but have anterior ectopic outgrowth. Molecular marker analyses reveal that early mesoderm is formed in GCN5 null mice but further differentiation into distinct mesodermal lineages is perturbed. While presomitic mesoderm and chodamesoderm are missing in GCN5 mutant mice, extraembryonic tissues and lateral mesoderm are unaffected. This is consistent with our finding that GCN5 expression is absent in the heart and extraembryonic tissues but is uniform throughout the rest of the embryo. Remarkably, GCN5 mutant mice exhibit an unusually high incidence of apoptosis in the embryonic ectoderm and mesoderm. Finally, mice doubly null for GCN5 and P/CAF die much earlier than mice harboring the GCN5 mutation alone, suggesting that P/CAF and GCN5 share some overlapping function during embryogenesis. This work is the first study to show that specific acetyltransferase is important for cell survival as well as mesoderm differentiation or maintenance during early mammalian development. ^