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U radu se ukratko prikazuje Klaićev opis bizovačkoga govora i podjela donjopodravskih govora na dva međusobno ponešto različita tipa: valpovački akcenatski tip govora – okolica Bizovca do Donjega Miholjca – i šaptinovački akcenatski tip – od Donjega Miholjca prema Virovitici. Obilježja bizovačkoga govora uspoređuju se s govorom Podravskih Podgajaca.
U radu se ponajprije na temelju sklonidbe jednosložnih imenica o-osnova iznose temeljne razlike u uspostavi naglasnih tipova u Klaićevim djelima Rječnik stranih riječi i Naglasni sustav standardnoga hrvatskog jezika te Školskoga rječnika hrvatskoga jezika Instituta za hrvatski jezik i jezikoslovlje i Školske knjige. Zajednička je navedenim djelima dosljedna provedba novoštokavskih naglasnih pravila te nastojanje za usustavljivanjem naglašivanja. Razlike se odnose na odabir naglasnih tipova koji su u Klaićevim djelima utemeljeni na starijim jezičnim priručnicima i dijalektološkoj građi, a u Školskome su rječniku zasnovani na odrazima praslavenskih naglasnih paradigma. Iz rada je razvidno da bi Klaićev doprinos usustavljivanju naglašivanja u hrvatskome standardnom jeziku bio znatno veći da je njegov naglasni priručnik bio otisnut kad je nastao. U radu se navode i razlike u naglascima u suvremenim hrvatskim rječnicima koje su djelomično posljedicom nedostatka pravogovornih priručnika te selektivnoga odstupanja od novoštokavskih naglasnih pravila.
Članak analizira akcenatski sustav valpovačkoga podravskog govora na temelju Klaićeva opisa govora Bizovca. Usporedba njegova opisa s opisima drugih dijalektologa vodi do zaključka da su razlike između postojećih opisa valpovačke akcentuacije znatne te da je Klaićev opis od svih opisa najdetaljniji i najpouzdaniji. Drugi dio članka opisuje akcenatsku karakteristiku koja dijeli valpovački govor od ostalih slavonskih govora: povlačenje naglaska s dočetnoga sloga prozodijske riječi na početni slog. Navode se neke tipološke paralele iz drugih hrvatskih govora, zatim ruskoga i litavskoga jezika. Potvrđena je teza, koju je zastupalo više jezikoslovaca, da je povlačenje naglaska posljedica utjecaja mađarskog jezika na valpovački govor.
Brojni naglasni "tipovi" prvi put detaljno popisani u radovima Đ. Daničića bili su povod mnogim akcentološkim radovima u XX. st. Cilj im je prije svega bio učiniti naglasnu tipologiju jednostavnijom i preglednijom te upozoriti na (ne)aktualnosti naglasnih uzoraka koji su se dugo prepisivali i prenosili u literaturi. Šireuporabno neprimjenljiva Daničićeva naglasna tipologija bila je povod i Klaićevu (1963.) pokušaju smanjenja broja tipova, i to polazeći od proklize, osvrćući se na povijest jezika i na dijalekte. Prenošenje naglaska na proklitiku zahtijeva dobro poznavanje povijesti jezika tako da se to sažimanje ne doima šire uporabljivim, no svakako otvara pitanja kojima se i danas bavimo, a to je pitanje (ne)prenošenja naglaska na proklitiku i pitanje broja uzoraka promjenljivoga naglasnoga tipa. Analizom Klaićeve naglasne tipologije, koja se nameće iz njegovih radova, želimo pokazati koliko je odmaknula od Daničićeva tipologiziranja i koliko je bliska današnjim prikazima.
Baveći se (kao recenzentica) djelom Bratoljuba Klaića Naglasni sustav standardnoga hrvatskog jezika, Klaićev me način bilježenja naglasaka podsjetio i na nešto starije gramatike hrvatskoga jezika i na bilježenje naglasaka u tim gramatikama, pa se tim uspoređivanjem vrlo lako uočava razlika između pisanja naglasaka „nekad i sad”, premda to „nekad” i nije bilo tako davno. Kako su u hrvatskoj kroatistici akcentološka djela rijetka, prilika je da se na skupu posvećenu između ostaloga i akcentologu Bratoljubu Klaiću progovori nešto više o razlikama u bilježenju hrvatskih naglasaka u Klaićevo vrijeme (prije pedesetak godina) i u vrijeme bliže današnjemu, jer su te razlike od vremena pisanja Klaićeva djela do danas očite. U svojem izlaganju osvrnula sam se na poteškoće u novijem bilježenju hrvatskih standardnih naglasaka, poglavito na slogovima s dugim refleksom staroga glasa jata,te o razlozima koji su do njih doveli. Usredotočila sam se poglavito na Klaićevo i današnje pisanje naglasaka na nekadašnjoj tzv. dugoj (dvosložnoj) zamjeni jata – koliko god to neki lingvisti tretirali kao dvoglasnik ie, ipak se riječi kao snijeg, brijeg i sl. mogu rastaviti na slogove, dakle ipak su posrijedi dva sloga, a ne jedan – jer upravo u tome i jesu razlike između Klaićeva bilježenja naglasaka i onih današnjih u standardološkim djelima.
Rječnik stranih riječi Bratoljuba Klaića prepoznat je kao ozbiljan, pouzdan i relevantan priručnik ne samo u stručnim krugovima nego i u širokome krugu zainteresiranih korisnika. Razlogom je takve posvemašnje zainteresiranosti nedvojbeno njegova obavijesnost i preglednost, ali i prikladnost leksikografske obradbe. Dobar dio rječničkoga korpusa Klaićeva Rječnika čine glagolske natuknice koje se u rječničkome članku obrađuju kao polazna i kao izvedena natuknica. U radu se razmatraju glagolske natuknice obrađene u prvim četirima izdanjima (1 1951., 2 1958., 3 1962., 4 1966.) jer su to jedina izdanja s Klaićevim autorskim potpisom. Propituje se status glagolskih natuknica u rječničkoj makrostrukturi, ustroj rječničkoga članka s glagolskom natuknicom kao polaznom ili izvedenom natuknicom te osobito primarne i sekundarne podatke o natuknici koji prikazuju prozodijske, morfološke, rječotvorne, etimološke, stilske, terminološke i semantičke obavijesti o glagolskoj natuknici.
U radu se propituje status općeeuropskih frazema hrvatskoga jezika u izdanjima Rječnika stranih riječi Bratoljuba Klaića. Pod općeeuropskim se frazemima podrazumijevaju međunarodni frazemi potvrđeni u europskim jezicima s jednakim značenjem i velikom strukturnom podudarnošću. Za te je frazeme važno da najčešće imaju poznat zajednički izvor, tj. podrijetlo, ali postoje i općeeuropski frazemi kojima još nije utvrđeno točno podrijetlo, odnosno jezik i tekst iz kojega su uzeti i prošireni. Stoga je cilj rada utvrditi i opisati status općeeuropskih frazema u Klaićevu Rječniku stranih riječi. Naime, Bratoljub Klaić u njemu donosi vrijedne podatke o izvoru pojedinoga frazema, izreke ili poslovice. Pri tome su u Rječnik uključeni općeeuropski frazemi kojima je sastavnicom strano vlastito ime, strani apelativ ili termin ili je riječ o prevedenicama iz latinskoga i drugih jezika. Dolazi se do zaključka da Klaićev rječnik može, kao nezaobilazno polazište nekom budućem hrvatskom etimološkom frazeološkom rječniku, biti važnim izvorom proučavanju podrijetla frazema.
Unter der Leitung des Gothaer Medailleurs Christian Wermuth (1661-1739) wurden zugleich drei Medaillen geschaffen und zum freien Verkauf angeboten, die an die poetische Krönung von Sidonia Hedwig Zäunemann (1711-1740) erinnern. Von der als Universität der Aufklärung konzipierten Göttinger Universität literarisch ausgezeichnet, war die Erfurter Autorin die neunte von insgesamt 21 kaiserlich gekrönten Dichterinnen. Die treibenden Kräfte hinter dem Verleihungsakt standen unter dem Eindruck der durch die Universität Wittenberg vorgenommenen exzeptionellen Ehrung von Zäunemanns Vorgängerin Christiana Mariana von Ziegler (1695-1760). Den hohen Prestigewert der Göttinger Krönung belegen neben Lobgedichten und Berichten in Zeitungen und gelehrten Journalen auch die Krönungsmedaillen. Deren kulturpolitische Signalfunktion erschließt sich aus dem Sinn und Zweck, der den zwei Frauenkrönungen auf Seiten ihrer Initiatoren zugedacht war. Ein in Gotha entstandenes Werbeblatt zu den "curieuse[n] und wohl inventierte[n] Medaillen", datiert auf den 19. September 1738, gibt Aufschluss über die kreativen Köpfe, die als Nicht-Medailleure zum Gelingen dieses wohl auch unter kompetitiven Gesichtspunkten außergewöhnlichen künstlerischen Projektes unter Mitarbeit eines Medaillenverfertigers namens Grauel beitrugen. Eine aus den Quellen gearbeitete Zeittafel zum Krönungsjahr und die Mitteilung einer in der Wermuth-Forschung unbekannten Variante der kleinen Zäunemann-Medaille runden den literatur-, kunst- und kulturwissenschaftlich perspektivierten Beitrag ab.
The neural crest gives rise to the neurons and glial cells of the peripheral nervous system (PNS) (Bronner-Fraser and Fraser, 1989; Frank and Sanes, 1991). Self-renewing neural crest-derived stem cells (NCSCs) are present in migratory neural crest and various postmigratory locations, including peripheral ganglia (Duff et al., 1992; Morrison et al., 1999; Kruger er al., 2002). It is demonstrated that NCSCs from embryonic mouse dorsal root ganglia (DRG) are reprogrammed in neurosphere (NS) cultures in the presence of EGF and FGF. Reprogrammed NCSCs (rNCSCs) generate exclusively central nervous system (CNS) progeny, both in vitro and upon transplantation into the mouse brain (Binder et al., 2011). In this study the timing and mechanisms underlying the reprogramming were addressed. Most of the cells acquire CNS characteristics at passage 2, reaching a stable proportion of >90% of Olig2-positive cells at passage 3, which is maintained at least up to passage 10. The PNS marker p75 is completely lacking from passage 3 onwards. Furthermore, it was shown that the reprogramming does not involve a transient pluripotency state. This suggests a direct reprogramming of NCSCs to cells with CNS identity. The reprogramming leads to a stable CNS identity as shown by delayed BMP4 application. This result is in agreement with the previous observation that rNCSCs only generate CNS progeny, in particular mature myelinating oligodendrocytes, upon transplantation into embryonic, postnatal and lesioned adult mouse brains (Binder et al., 2011). Genome wide gene expression profiles of rNCSC NS demonstrates already in culture a complete switch to a (spinal cord stem cell) SCSC CNS identity. These results demonstrate a complete reprogramming of PNS progenitors to CNS identity without genetic modification and imply PNS cells as a source for stem cell-based CNS therapy.
The reprogramming of NCSCs is completely blocked in the presence of BMP4 in NS cultures, as shown by the expression of neural crest markers p75 and Sox10. In addition, BMP4 NCSCs generate PNS neurons (Tuj1/Phox2b- and Peripherin/Tuj1-coexpressing cells) and Schwann cells (O4/p75-coexpressing cells). Genome wide gene expression profiles of BMP NCSCs demonstrate that BMP NCSCs express genes at high levels which are characteristic for neural crest/neural crest derivatives, mesenchymal derivatives of neural crest and perivascular pericytes/MSCs. On the other hand CNS marker genes are restricted to rNCSCs and are only expressed at background or undetectable levels in BMP NCSCs. These findings imply that the CNS versus PNS identity is controlled by antagonistic functions of FGF and BMP4.
The use of rNCSCs for cell therapies requires an accessible source of these cells in the adult organism. Since the DRG is not an easily approachable tissue source, the adult mouse palate, containing NCSCs, was chosen. These results suggest that pNCSCs arise from Sox10-positive neural crest-derived stem cells, that downregulate PNS marker gene expression, such as Sox10 and p75, in NS culture. Contrary to rNCSCs, CNS marker upregulation was not observed. Notably, genome wide gene expression profiles of pNCSCs demonstrate an enrichment of genes expressed by mesenchymal derivatives and perivascular pericytes/mesenchymal stem cells. Since the cranial crest gives rise, besides PNS neural progeny and melanocytes, to mesenchymal derivatives, the results demonstrate that pNCSCs have a restricted developmental potential in comparison to rNCSCs and acquire mostly normal fates of the cranial neural crest.
Taken together, the results demonstrate that rNCSCs acquire a SCSC identity in the presence of EGF and FGF and that the reprogramming can be efficiently blocked by BMP4. On the other hand, NCSCs derived from adult palate rather acquire mesenchymal fates and do not acquire a CNS identity under the conditions used.
This is the ninth post in the blog series „Movements and Institutions“.
This article disputes the conceptualization of institutionalization as a one-way process. Instead, it argues that social movement organizations can make use of contentious tactics while being institutionalized. The environmental NGO Birdlife Malta provides an example to illustrate this argument
n traditional portfolio theory, risk management is limited to the choice of the relative weights of the riskless asset and a diversified basket of risky securities, respectively. Yet in industry, risk management represents a central aspect of asset management, with distinct responsibilities and organizational structures. We identify frictions that lead to increased importance of risk management and describe three major challenges to be met by the risk manager. First, we derive a framework to determine a portfolio position's marginal risk contribution and to decide on optimal portfolio weights of active managers. Second, we survey methods to control downside risk and unwanted risks since investors frequently have non-standard preferences which make them seek protection against excessive losses. Third, we point out that quantitative portfolio management usually requires the selection and parametrization of stylized models of financial markets. We therefore discuss risk management approaches to deal with parameter uncertainty, such as shrinkage procedures or re- sampling procedures, and techniques of dealing with model uncertainty via methods of Bayesian model averaging.
Tulasnella species (Tulasnellaceae, Cantharellales, Basidiomycota) form inconspicuous basidiomata on rotten branches or trunks of trees, difficult to find and recognize in nature. However, according to ultrastrucural and molecular data, species of Tulasnellaceae are the most frequent mycorrhriza forming fungi (mycobionts) of green, photosynthetic orchids worldwide. Species of Tulasnellaceae were also found as prominent mycobionts of the extraordinary diverse orchids in tropical montane rainforest of Southern Ecuador. Orchids obligately depend on mycobionts during the juvenile stage when the fungi have to deliver carbon to the non-photosynthetic protocorm and thus the fungi substantially influence the establishment of orchids in the wild. Species of Tulasnellaceae can acquire carbon from decaying bark or wood by specific saprotrophic capabilities as was recently proven through comparative genomics that included data on decay enzymes from Tulasnella cf. calospora isolated from orchid mycorrhizae (Anacamptis laxiflora, Italy). Thus, species of Tulasnellaceae can be saprotrophs and symbionts simultaneously.
It is currently under discussion, whether specific species of Tulasnella are required for seed germination and establishment of distinct terrestrial and epiphytic orchids in nature or if species of Tulasnella are generalists concerning their association with orchids. The inconsistences in species concepts and taxonomy of Tulasnella spp., however, strongly impede progress in this field of research. The aim of the present study was, therefore, to revise the species concepts by combining, for the first time, morphological and molecular data from basidiomata.
Specimens were collected in tropical Andean forest in Southern Ecuador and in temperate forests in Germany. Additional specimens were loaned from fungaria. In total, 205 specimens, corresponding to 16 own samples and 189 specimens from fungaria were analyzed. The mycobiont relationships of Tulasnella spp. with orchids from the sampling area in Ecuador were studied in populations of Epidendrum rhopalostele. The basis for molecular-phylogenetic analysis was completed by data obtained from own previous investigations on mycobionts from the investigation area and Tulasnella isolates from Australia.
30 morphospecies are illustrated and delimited by a morphological key based on traditional species concepts. Tulasnella andina from Ecuador and Tulasnella kirschneri from China are presented as species new to science. Tulasnella cruciata is described from herbarium material for the first time. Tulasnella aff. eichleriana and T. violea are reported for the first time from Ecuador. Molecular sequences of two Tulasnella spp. isolated from mycobionts of Epidendrum rhopalostele cannot be related to any morphological species concept. Statistical analyses suggest that conventional diagnostic using morphological characteristics is ambiguous for delimiting morphologically similar species.
For the first time sequences of the ITS-5.8S rDNA region were obtained after cloning from fresh basidiomata. Extraction of DNA from herbarium specimens was, however, unsuccessful. Sequences from 16 fresh basidiomata, six pure cultures, and sequences of orchids mycorrhizae (e.g. from Epidendrum rhopalostele) available in the database GenBank were analyzed. Proportional
variability of ITS-5.8S rDNA sequences within and among cultures and within and among specimens were used to designate morphospecies. Results suggest an intragenomic variation of less than 2 %, an intraspecific variation of up to 4 % and an interspecific divergence of more than 9 % for Tulasnella spp.
Four percent of intraspecific divergence was defined as a minimum threshold for delimiting phylogenetic species. This threshold corroborates the so far used 3 % to 5 % divergence in delimitation of operational taxonomic units of Tulasnella mycobionts.
Quite a number of sequences of Tulasnella are available in GenBank, mostly obtained from direct PCR amplification from orchid mycorrhizae. By including closely related sequences in the phylogenetic analysis, several morphological cryptic species of Tulasnella, mostly from Ecuador, were found. Arguments are given for molecular support of the new species Tulasnella andina and the established species Tulasnella albida, T. asymmetrica, T. eichleriana, T. tomaculum, and T. violea. Thus, by combining molecular and morphological data species concepts in Tulasnella are improved. The definitions of Tulasnella calospora and T. deliquescens, however, remain phylogenetically inconsistent.
The present investigation is a first step to expand our knowledge on the intraand interspecific morphological and molecular variability of Tulasnella spp. and to delimit species relevant for studies on ecology and communities of orchids and Tulasnellaceae.
The recent financial crisis has demonstrated that a failure of Systemically Important Financial Institutions (SIFIs) could seriously damage the stability of the financial system. A precise and consistent definition of a SIFI is pivotal to ensure efficient and effective regulation of the global financial sector. This paper proposes a threefold test logic that allows to classify Financial Institutions as systemically important across the various industry segments.
We provide a comprehensive analysis of the determinants of trading in the sovereign credit default swaps (CDS) market, using weekly data for single-name sovereign CDS from October 2008 to September 2015. We describe the anatomy of the sovereign CDS market, derive a law of motion for gross positions and their components, and identify the key factors that drive the cross-sectional and time-series properties of trading volume and net notional amounts outstanding. While a single principal component accounts for 54 percent of the variation in sovereign CDS spreads, the largest common factor explains only 7 percent of the variation in sovereign CDS net notional amounts outstanding. Moreover, unlike for CDS spreads, common global factors explain very little of the variation in sovereign CDS trading and net notional amounts outstanding, suggesting that it is driven primarily by idiosyncratic country risk. We analyze several local and regional channels that may explain the trading in sovereign CDS: (a) country-specific credit risk shocks, including changes in a country's credit rating and related outlook changes, (b) the announcement and issuance of domestic and international debt, (c) macroeconomic sentiment derived from conventional and unconventional monetary policy, macro-economic news and shocks, and (d) regulatory channels, such as changes in bank capital adequacy requirements. All our findings suggest that sovereign CDS are more likely used for hedging than for speculative purposes.
Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the determinants of changes in banks’ sovereign exposures and their effects during and after the crisis. First, public, bailed out and poorly capitalized banks responded to sovereign stress by purchasing domestic public debt more than other banks, with public banks’ purchases growing especially in coincidence with the largest ECB liquidity injections. Second, bank exposures significantly amplified the transmission of risk from the sovereign and its impact on lending. This amplification of the impact on lending does not appear to arise from spurious correlation or reverse causality.
The euro crisis was fueled by the diabolic loop between sovereign risk and bank risk, coupled with cross-border flight-to-safety capital flows. European Safe Bonds (ESBies), a union-wide safe asset without joint liability, would help to resolve these problems. We make three contributions. First, numerical simulations show that ESBies would be at least as safe as German bunds and approximately double the supply of euro safe assets when protected by a 30%-thick junior tranche. Second, a model shows how, when and why the two features of ESBies — diversification and seniority — can weaken the diabolic loop and its diffusion across countries. Third, we propose a step-by-step guide on how to create ESBies, starting with limited issuance by public or private-sector entities.
How do insiders trade?
(2016)
We characterize how informed investors trade in the options market ahead of corporate news when they receive private, but noisy, information about (i) the timing of the announcement and (ii) its impact on stock prices. Our theoretical framework generates a rich set of predictions about the insiders’ behavior and their maximum expected returns. Three different analyses offer empirical support for our approach. First, predicted trades resemble illegal insider trades documented in SEC litigation cases with insiders being more likely to trade in options that offer higher expected returns. Second, pre-announcement patterns in unusual activity in the options market ahead of significant corporate news are consistent with the predictions of our framework. We employ our approach to characterize informed trading ahead of twelve different types of news including the announcement of earnings, corporate guidance, M&As, product innovations, management changes, and analyst recommendations. Third, to address concerns that pre-announcement patterns are driven by speculation, we show that measures capturing trading activity in call (put) options with high expected returns predict significant positive (negative) corporate news in the aggregate cross-section.
Based on a unique data set of driving behavior we find direct evidence that private information has significant effects on contract choice and risk in automobile insurance. The number of car rides and the relative distance driven on weekends are significant risk factors. While the number of car rides and average speeding are negatively related to the level of liability coverage, the number of car rides and the relative distance driven at night are positively related to the level of first-party coverage. These results indicate multiple and counteracting effects of private information based on risk preferences and driving behavior.
Prestige and loan pricing
(2016)
We find that prestigious companies pay lower spreads and upfront fees on their loans despite the fact that prestige does not predict default risk over the life of the loan. Using survey data on firm-level prestige, we show that a one standard deviation increase in prestige reduces loan spreads by 6.18% per year and upfront fees by 22.86%. We identify causal effects (i) using fraud by industry peers as an instrument for borrower prestige and (ii) exploiting a regression discontinuity around rank 100 of the prestige survey. Banks that lend to prestigious firms attract more business afterwards compared to otherwise similar institutions. Moreover, the effect of prestige on upfront fees is particularly strong for new bank relationships. Our findings suggest that prestigious firms receive cheaper funding because the associated lending relationship helps banks establish valuable credentials they use to compete for future borrowers.
Data show that sovereign risk reduces liquidity, increases funding cost and risk of banks highly exposed to it. I build a model that rationalizes this fact. Banks act as delegated monitors and invest in risky projects and in risky sovereign bonds. As investors hear rumors of increased sovereign risk, they run the bank (via global games). Banks could rollover liquidity in repo market using government bonds as collateral, but as sovereign risk raises collateral values shrink. Overall banks’ liquidity falls (its cost increases) and so does banks’ credit. In this context noisy news (announcements with signal extraction) of consolidation policies are recessionary in the short run, as they contribute to investors and banks pessimism, and mildly expansionary in the medium run. The banks liquidity channel plays a major role in the fiscal transmission.