The topic of this paper is the pursuit of cultural studies focusing on cultural hegemony, introduces the notion of the dominant groups＇ power to control society. It will also raise the issue of how hegemonic classes ...The topic of this paper is the pursuit of cultural studies focusing on cultural hegemony, introduces the notion of the dominant groups＇ power to control society. It will also raise the issue of how hegemonic classes live in 1920s. The objective is to analyze, using cultural studies, Antonio Gramsci＇s Hegemony, Scott Fitzgerald＇s The Great Gatsby in order to come to some conclusions about depictions of aristocratic classes and powers in order to dominate powerless groups. Specifically, the research focuses on Jay Gatsby＇s struggles to face the hegemony of aristocratic groups, whose affluent supremacy. In the story, the new moneyed group, represented by Jay Gatsby, lives in West Egg while the aristocratic group, represented by Tom Buchanan, lives in East Egg. Tom is always the winner because he comes from the aristocratic groups, whose prestigious family. Therefore, Gatsby always loses compete against Tom no matter how hard Gatsby tries. By learning Gatsby＇s struggle in this novel, we gain a better understanding of how other powerless groups, not only in American society, but also other society in the world, who also struggle to compete with the aristocratic groups.展开更多
The paper is on toxic foreign exchange options problem which occurred in Poland just prior to and after the outbreak of the recent crisis. Especially Polish enterprises were severely stricken by transactions on fx and...The paper is on toxic foreign exchange options problem which occurred in Poland just prior to and after the outbreak of the recent crisis. Especially Polish enterprises were severely stricken by transactions on fx and interest rate derivatives contracted with their banks. Poland was the only EU country which did not precipitate into recession during the financial crisis beginning in 2008. However, the toxic fx and interest rate derivatives transmitted the shockwaves from global financial markets into Poland. Huge dimensions of losses resulted in conflicts between banks and their customers, who claimed just being cheated by the financial institutions. The article deeply researches into reasons for such developments on Polish fx over-the-counter derivatives market. As a case study, an authentic strategy has been presented. The contract was concluded between the construction company and one of the biggest commercial banks in Poland. Because the case study may be representative for many other cases, the analysis includes exact pricing of option strategy and therefore reveals inequality of the contract. The consequences of non-implementing the MiFID directive in the context of derivatives offering to non-financial customers were also touched in the paper.展开更多
The stability of money demand function is an important issue in macroeconomic policy implementation. Money demand of Korean economy was estimated. Cointegration test with time dummy variables results show that there i...The stability of money demand function is an important issue in macroeconomic policy implementation. Money demand of Korean economy was estimated. Cointegration test with time dummy variables results show that there is not only long-run equilibrium relationship between money demand and macroeconomic variables, but also structural breaks in this equilibrium relationships. Least squares, state-space, and Marcov switching methods show that there also has been instability （or regime shifts） of parameters in money demand, especially over 1997 crisis and the early 2000s. This fact implies that monetary policy for stabilization might encounter big problems due to change （instability） of money demand.展开更多
文摘The topic of this paper is the pursuit of cultural studies focusing on cultural hegemony, introduces the notion of the dominant groups＇ power to control society. It will also raise the issue of how hegemonic classes live in 1920s. The objective is to analyze, using cultural studies, Antonio Gramsci＇s Hegemony, Scott Fitzgerald＇s The Great Gatsby in order to come to some conclusions about depictions of aristocratic classes and powers in order to dominate powerless groups. Specifically, the research focuses on Jay Gatsby＇s struggles to face the hegemony of aristocratic groups, whose affluent supremacy. In the story, the new moneyed group, represented by Jay Gatsby, lives in West Egg while the aristocratic group, represented by Tom Buchanan, lives in East Egg. Tom is always the winner because he comes from the aristocratic groups, whose prestigious family. Therefore, Gatsby always loses compete against Tom no matter how hard Gatsby tries. By learning Gatsby＇s struggle in this novel, we gain a better understanding of how other powerless groups, not only in American society, but also other society in the world, who also struggle to compete with the aristocratic groups.
文摘The paper is on toxic foreign exchange options problem which occurred in Poland just prior to and after the outbreak of the recent crisis. Especially Polish enterprises were severely stricken by transactions on fx and interest rate derivatives contracted with their banks. Poland was the only EU country which did not precipitate into recession during the financial crisis beginning in 2008. However, the toxic fx and interest rate derivatives transmitted the shockwaves from global financial markets into Poland. Huge dimensions of losses resulted in conflicts between banks and their customers, who claimed just being cheated by the financial institutions. The article deeply researches into reasons for such developments on Polish fx over-the-counter derivatives market. As a case study, an authentic strategy has been presented. The contract was concluded between the construction company and one of the biggest commercial banks in Poland. Because the case study may be representative for many other cases, the analysis includes exact pricing of option strategy and therefore reveals inequality of the contract. The consequences of non-implementing the MiFID directive in the context of derivatives offering to non-financial customers were also touched in the paper.
文摘The stability of money demand function is an important issue in macroeconomic policy implementation. Money demand of Korean economy was estimated. Cointegration test with time dummy variables results show that there is not only long-run equilibrium relationship between money demand and macroeconomic variables, but also structural breaks in this equilibrium relationships. Least squares, state-space, and Marcov switching methods show that there also has been instability （or regime shifts） of parameters in money demand, especially over 1997 crisis and the early 2000s. This fact implies that monetary policy for stabilization might encounter big problems due to change （instability） of money demand.
