An Ex-Post Analysis of the 2004 Olympic Effect

This paper evaluates the effects of the Olympic Games of 2004 hosted in Athens on Greece’s Gross Domestic Product (GDP), as estimated in Papanikos (1999). The estimates were made in 1997 for a period of fourteen years, 1998-2011, based on various scenarios. During this period two events have had a great impact on GDP that could have been predicted in 1997. Firstly, Greece adopted the euro in 2002, and even though this was pretty much a possibility in 1997, but not of course a certainty, the most important effect of the euro would have come from its exchange value vis-a-vis major currencies of countries with Greece was trading. This included tourism. Despite what many economists thought at the time, the introduction of the euro was not accompanied by a devaluation, but by unprecedented overvaluation. This had a negative impact on Greek GDP. Secondly, the Great Recession hit the Greek economy hard starting in 2008. These two effects had a negative impact on Greek GDP, wiping out the expected positive effects of the Olympic Games. Keywords: Olympic Games, GDP, Athens 2004, euro, great recession

The Moderating Role of Return on Assets on Sharia Stock Returns: A Case Study on the Jakarta Islamic Index

This research aims to analyze the impact of Debt to Equity Ratio (DER), Exchange Value, and Index ISR in Sharia Stock Return pass of Return on Asset (ROA) in a company administered in the Jakarta Islamic Index 2013-2017 period. This sample choosing with the purposive sampling method with the total sample as 29 from 30 companies. The data used in this study is the secondary data, and data analysis used is the multiple linear regression analysis and path analysis. The research result indicates that experiment T Debt to Equity Ratio (DER) and Index ISR are not influential in Stock Return. Exchange Value and Return on Asset (ROA) significance of Stock Return. Debt to Equity Ratio (DER) and Index ISR influence Return on Asset (ROA). At the same time, Exchange Value is not influential with Return on Asset. Experiment F refers that DER, Exchange Value, and Index ISR influence Return on Asset and Stock Return. However, ROA cannot mediate the relation between DER, Exchange Value, and Index ISR in Stock Return.

Analysis of Serbian Production and Export of Medicinal and Aromatic Plants

The emphasis of the research in this chapter was put on the analysis of production and export/import of MAP (Medical and aromatic plants) from Serbia. After reading this chapter, readers will find out that the production of MAP in a long time period has been steady, although has been present fluctuations per years. They will know that indigenous and cultivated MAPs are equally present on the market, and will notice that they are equally present in export as well, i.e. that there is no such register. They will be familiar with the positive effects of planned production and the significance of scientific and technological achievements implementation. Readers will be able to recognize the dynamics of changes in export and import of MAP. They will find out which products are the most significant in export and import and will notice the connection between the export structure of MAP sector and earned value - foreign exchange inflow. They will be able to understand the character of exchange, value of export/import and the comparative advantage of export. Readers will be especially familiar with experiences and recommendations of other authors on the development of MAP sector and directives of authors for deepening the research within this chapter. They will know the connection between a low foreign exchange inflow and types of products in export and will understand the need for new organization models and education of manufacturers.

Fermented Cocoa Beans (Theobroma cacao L) in Southeast Aceh District

One of the productions of the agricultural industry that has a fairly high foreign exchange value for our country is cocoa, but our cocoa production is still of low quality. To get good quality cocoa, good processing must be done. Fermentation of cocoa beans is one way to improve the quality of cocoa so that it can be sold in national and international markets. The purpose of this activity is to help cocoa farmers, especially in Southeast Aceh district, in improving the quality of cocoa production, so that the cocoa products of Southeast Aceh farmers can compete in trade both locally and abroad. The implementation of this activity is carried out through training to improve the quality of cocoa. There are several activities, namely: Sorting Cocoa, peeling cocoa pods, fermenting cocoa pods for 5 days and the last step is drying until the moisture content of cocoa pods reaches 7%. The result of this activity is to increase the knowledge of cocoa farmers in Southeast Aceh Regency in order to improve the quality of cocoa beans, so that cocoa sales can be accepted and compete in the market.

Methodological justification of psychological variables of empirical research efficiency of modular-developmental interaction

The article is devoted to the problem of psychological filling with content the quality of higher education and the effectiveness of developmental interaction of its participants in the conditions of modern information society. Innovative modular-developmental interaction is considered as a complex subject of socio-psychological and educational-pedagogical research, which requires a separate scientific study and is presented simultaneously in several perspectives of psychological cognition: a) philosophical-analytical (from a concept to the category); b) methodological (from explanatory approaches to the author’s model); c) theoretical-psychological (from the designed model to the holistic knowledge system); d) instrumental-psychological (from educational scenarios and modular educational-book complexes to psychological methods and techniques of its implementation). For an empirical study of the effectiveness of modular-developmental interaction we have substantiated a number of psychological variables (innovations) on a well-established and systematically reflected basis, one of the differentiation dimensions of which were the types of developmental exchange (information-knowledge exchange, normative-business exchange, value-semantic self-exchange, spiritual-semantic superexchange), and the other one – innovation-psychological conditions of fundamental experimentation, in particular, groups of conditions for creating an innovation-psychological climate at HEI ((higher education institution) organizational-psychological, developmental-psychological, program-methodical (including psycho-artistic) and expert-psychological). Based on the methodological definition of these two criterion-based and logically differentiated vectors, a table-matrix is created, the internal content of which is a system of interrelated 16 psychological variables of a complexly structured psychological-pedagogical experiment. Each of these variables is characterized by empirical specificity of psychological content, and together they form a holistic functional field of experimental activity concerning practical verification of the effectiveness of initiated changes and the system of proposed innovations.

Combining Blockchains, Smart Contracts, and Complex Sensors Management Platform for Hyper-Connected SmartCities: An IoT Data Marketplace Use Case

In this paper, we demonstrate the multiple points of innovation when combining blockchain technology with Internet of Things (IoT) and security frameworks. The deployment and use of IoT device networks in smart city environments has produced an enormous amount of data. The fact that those data are possessed by multiple sources that use independent systems for data collection, storage, and use impedes the exploitation of their value. Blockchains, as distributed ledgers, can be used for addressing the development of a universal system for data collection and distribution. Smart contracts can be used to automate all the processes of such a network, while at the same time, blockchain and the InterPlanetary File System (IPFS) protect sensitive data through anonymity and distributed storage. An innovative and open IoT blockchain market of applications, data, and services is proposed that: (i) provides the framework upon which objects and people can exchange value in form of virtual currencies, for assets (data and services) received; (ii) defines the motivation incentives according to social and business context for humans and smart objects to interact. The specific marketplace is piloted through a cross-border trial between Santander and Fujisawa, in the context of the M-Sec project, validating thus the interoperability, efficiency, and data protection principles.

The Materiality of Monetary Value in Martial’s Epigrams

This paper examines representations of money in the epigrams of Martial. I argue that Martial’s poetics are deeply influenced by some of money’s economic functions, even if many of these functions are approached through networks of amicitia. By engaging with the indeterminacy of what can be called exchange value, Martial identifies an aesthetic dimension that becomes central to his humor. The form of value described by his paradoxical poetics of cash implies a category of matter that is at once sensuous and abstract, autonomous and dependent upon other modes of valuation. I focus on the sensuality of this abstract matter, its failure to become entirely impersonal, and on Martial’s habit of using deictic language to gesture to its presence. Such an aestheticization of monetary value differs from more familiar techniques of using vivid language to flesh out moral or satirical attitudes to wealth or the ways in which it is acquired. It instead approaches the instability of money as an object of inspiration in its own right, one that supports the epigrammatist’s habit of taking up postures throughout his corpus of poems, and of maintaining a degree of detachment between his voice and its pronouncements.

LEGALITAS PENGGUNAAN CRYPTOCURRENCY SEBAGAI ALAT PEMBAYARAN DI INDONESIA

Countries in the world still do not have the same nature in compiling rules related to cryptocurrency, therfore it is very important to study the legality of using cryptocurrency as a means of payment in Indonesia. This paper aims to analyze the legal protection for the society related to the use of cryptocurrency as a payment. In particular cryptocurrency has two usability functions, namely as a medium of exchange and as a commodity. As a medium of exchange, cryptocurrency has currency characteristics because it can be accepted as a means of payment within a certain scope and its value is maintained because the number of issuance is limited. But the cryptocurrency is not a legitimate and official currency because it does not have the authority to issue and regulate, manage circulation and distribution, maintain its exchange value and all these functions are carried out by the computing system so that accountability is still doubtful.