Thursday, February 20, 2020

Argentinas Foreign Debt Restructuring Essay Example | Topics and Well Written Essays - 4500 words

Argentinas Foreign Debt Restructuring - Essay Example Conversely, the "legal" definition of foreign debt is debt issued according to foreign (New York, UK, et cetera) law, regardless of whether it is in local or foreign currency and regardless of who, foreign or domestic resident, is holding these claims." Debt Renegotiation - a Background: Argentina bogged down by its mounting external debts decided to settle all the foreign currency public debt by replacing the debts with new securities calculating at the rate of 35 cents per every dollar of debt. The government also decided to repudiate all the past interest due on those debts. The government also announced that those bondholders who do accept the government's proposal by the deadline will not be paid anything. Though the announcement of the settlement of the debts in this way is criticized vehemently by the bondholders the government announced that by the deadline more than 75 percent of the country's creditors accepted the proposal. However the Institute of International Finance observed that such an aggressive conduct by the government of Argentina was sure to affect its long term economic growth and stability. The Institute also commented on the lack of progress on the implementation of the structural reforms to boost the economic development. Debt Management of the Governments: It so happens in most of the countries the government becomes the largest single borrower of the country. The effectiveness of the debt management largely influences the development of the domestic capital market. The debt management also reflects on the fiscal policies of the country and the spread of the respective countries government bonds in the US and other treasuries world over by affecting the market prices and tradability of the bonds. The... The government also announced that those bondholders who do accept the government’s proposal by the deadline will not be paid anything. Though the announcement of the settlement of the debts in this way is criticized vehemently by the bondholders the government announced that by the deadline more than 75 percent of the country’s creditors accepted the proposal. However the Institute of International Finance observed that such an aggressive conduct by the government of Argentina was sure to affect its long term economic growth and stability. The Institute also commented on the lack of progress on the implementation of the structural reforms to boost the economic development. Debt Management of the Governments: It so happens in most of the countries the government becomes the largest single borrower of the country. The effectiveness of the debt management largely influences the development of the domestic capital market. The debt management also reflects on the fiscal policies of the country and the spread of the respective countries government bonds in the US and other treasuries world over by affecting the market prices and tradability of the bonds. The debt management policies of the government will have a strategic implication on the growth and development of the economy as a whole. A good debt management of any country should reflect in the reduction of the borrowing costs, greater access to the capital markets of international standing.

Tuesday, February 4, 2020

Implementation of Knowledge Mining with Ontology Research Paper

Implementation of Knowledge Mining with Ontology - Research Paper Example 22). Knowledge mining is the process of merging databases together, machine knowledge, statistics and any other linked area so as to obtain important facts and information in bulky quantity of data. Organizations are required to know their data models and pattern (NEMIS. Conference, p. 1). Multi agent mining is the process in which knowledge is mined in a larger quantity using a variety of agents. Cloud computing applications In cloud computing the remote computer does not have to do more and heavy processes any more when running processes. Servers on the cloud network run this processes instead. This help in reduction of user’s need for hardware and software. The following are more reasons to why most companies and organizations should consider cloud computing; cloud computing gives an alternative of storing data in another computers hardware. Computer users are able to gain access their data and applications wherever at anytime. Cloud computing reduces IT support expenses wh ereby incase of a technical issue it’s solved online. It also reduces cost on hardware such as hard drive. One does not have to buy a hard drive with large memory (Strickland, p. 3). We have a number of cloud computing services provided by Google. The applications are as follows: Google Talk is a communication application that allows personal computer user to chat, send and receive documents and mails. Gmail is a calendar and an email application that allows each user store files and documents up to 7GB. The other Gmail services are ability to chat, receive mails and enjoy mutual calendar options. Website applications provides Google site services to design websites that include built in videos, calendars and pictures. Google Docs are applications that offer document designing and sharing online. Other applications include groups that allow one to arrange folders and favorites which assist in retrieving the unread mails (Regina, Budnikas and Ambraziene, p. 263). A Matlab tool accelerates and eases applications when using GPU computing compared to when using FORTRAN or C. The user is able to employ parallel computing toolbox when using GPUs in conjunction with Matlab tools. Parallel computing supports Nvidia Cuda GPUs, many GPUs and GPU operate straight from Matlab. Parallel computing toolbox allows the user compute and work out bulky data difficulties using computer clusters, multi processors and GPUs (MathWorks, p. 1-7). Other cloud computing tools include; VOIP, Phone systems, Blog, Wiki and social media tools. VOIP allows users make calls on the internet, for example Skype. Skype allows multiple or group calls at once. The phone system allows one to have a Google voice account that contributes to a cloud based voice mail and responding system. (Jamsa and Jamsa, p. 86- 92). Ontology applications Ontology is used to design and manage the knowledge applications. These applications are associated with the phase of software lifecycles and are concerned wi th specific components of software such as the controller module, data base and user interface. In order for the application to work more efficiently in ontology deployment and processing, additional tools are used. The ontology editor is one of the applications in the web and is used to manipulate ontology as it helps in the process of ontology translation to implemented language. They are in the HTML form and enable the