We study three dimensional bi-Hamiltonian systems in general and use the obtained results to classify all three dimensional Lotka-Volterra equations, which admit a bi-Hamiltonian representation. -- Hamiltonian systems ; Lotka-Volterra equations

We consider a model of optimal bank closure rules (cum capital replenishment by banks), with Poisson-distributed audits of the banks asset value by the regulator, with the goal of eliminating (ameliorating) the incentives of levered bank shareholder/mangers to take excessive risks in their...

We study three dimensional bi-Hamiltonian systems in general and use the obtained results to classify all three dimensional Lotka-Volterra equations, which admit a bi-Hamiltonian representation.

Albania is one of the Eastern European countries that has done some radical changes, in their way through the reform, toward market economies. Many branches of the economy are involved in the processes of privatization, restructuring and deregulation. The reform, sooner or later, will go through...

In economics, politics, business and statistics time distance concept can provide new insights from existing data. A novel statistical measure S-distance (expressed in time) is generalised to complement conventional static measures in time series comparisons, regressions, models, forecasting and...

The results of the presidential elections in Ukraine in June-July of 1994 could be considered as influenced not only by the ethnic structure of the Ukrainian society but by the structure and regional differences of the Ukrainian economy, especially the Ukrainian industry. The paper shows that...

We develop a simple integrated framework to assess consistency between fiscal policy, monetary reform and inflation. The framework is designed to be applicable in transition economies, where reliable data are at a premium and the financial sector in a state of flux. The model is applied to...

The paper investigates the role of social cohesion in economic development. We capture 'social cohesion' as society's willingness to accept lower wages to increase employment, and as its willingness to offer benefit payments to the unemployed. The lower the minimum wage rate and the higher the...