Abstract: Polymeric micro-cantilevers (Cs) are rapidly
becoming popular for MEMS applications such as chemo- and biosensing
as well as purely electromechanical applications such as
microrelays. Polymer materials present suitable physical and
chemical properties combined with low-cost mass production. Hence,
micro-cantilevers made of polymers indicate much more
biocompatibility and adaptability of rapid prototyping along with
mechanical properties. This research studies the effects of three
process and one size factors on the filling behaviour in micro cavity,
and the role of each in the replication of micro parts using different
polymer materials i.e. polypropylene (PP) SABIC 56M10 and
acrylonitrile butadiene styrene (ABS) Magnum 8434 . In particular,
the following factors are considered: barrel temperature, mould
temperature, injection speed and the thickness of micro features. The
study revealed that the barrel temperature and the injection speed are
the key factors affecting the flow length of micro features replicated
in PP and ABS. For both materials, an increase of feature sizes
improves the melt flow. However, the melt fill of micro features does
not increase linearly with the increase of their thickness.
Abstract: Sweden has succeeded to maintain a high level of
growth and development and has managed to sustain highly ranked
position among the world’s developed countries. In this regard,
Swedish universities are playing a vital role in supporting innovation
and entrepreneurship at all levels and developing Swedish knowledge
economy. This paper is aiming to draw on the experiences of two leading
Swedish universities, addressing their transformation approach to
create entrepreneurial universities and fulfilling their objectives in the
era of knowledge economy. The objectives of the paper include: 1) Introducing the Swedish
higher education and its characteristics. 2) Examining the
infrastructure elements for innovation and Entrepreneurship at two of
the Swedish entrepreneurial universities. 3) Addressing the key
aspects of support systems in the initiatives of both Chalmers and
Gothenburg universities to support innovation and advance
entrepreneurial practices. The paper will contribute to two discourses: 1) Examining the
relationship between support systems for innovation and
entrepreneurship and the Universities’ policies and practices. 2)
Lessons for University leaders to assist the development and
implementation of effective innovation and entrepreneurship policies
and practices.
Abstract: This study aims to increase understanding of the
transition of business models in servitization. The significance of
service in all business has increased dramatically during the past
decades. Service-dominant logic (SDL) describes this change in the
economy and questions the goods-dominant logic on which business
has primarily been based in the past. A business model canvas is one
of the most cited and used tools in defining end developing business
models. The starting point of this paper lies in the notion that the
traditional business model canvas is inherently goods-oriented and
best suits for product-based business. However, the basic differences
between goods and services necessitate changes in business model
representations when proceeding in servitization. Therefore, new
knowledge is needed on how the conception of business model and
the business model canvas as its representation should be altered in
servitized firms in order to better serve business developers and interfirm
co-creation. That is to say, compared to products, services are
intangible and they are co-produced between the supplier and the
customer. Value is always co-created in interaction between a
supplier and a customer, and customer experience primarily depends
on how well the interaction succeeds between the actors. The role of
service experience is even stronger in service business compared to
product business, as services are co-produced with the customer. This paper provides business model developers with a service
business model canvas, which takes into account the intangible,
interactive, and relational nature of service. The study employs a
design science approach that contributes to theory development via
design artifacts. This study utilizes qualitative data gathered in
workshops with ten companies from various industries. In particular,
key differences between Goods-dominant logic (GDL) and SDLbased
business models are identified when an industrial firm
proceeds in servitization. As the result of the study, an updated version of the business
model canvas is provided based on service-dominant logic. The
service business model canvas ensures a stronger customer focus and
includes aspects salient for services, such as interaction between
companies, service co-production, and customer experience. It can be
used for the analysis and development of a current service business
model of a company or for designing a new business model. It
facilitates customer-focused new service design and service
development. It aids in the identification of development needs, and
facilitates the creation of a common view of the business model.
Therefore, the service business model canvas can be regarded as a
boundary object, which facilitates the creation of a common
understanding of the business model between several actors involved.
The study contributes to the business model and service business
development disciplines by providing a managerial tool for
practitioners in service development. It also provides research insight
into how servitization challenges companies’ business models.
Abstract: In most existing buildings in hot climate, cooling
loads lead to high primary energy consumption and consequently
high CO2 emissions. These can be substantially decreased with
integrated renewable energy systems. Kuwait is characterized by its
dry hot long summer and short warm winter. Kuwait receives annual
total radiation more than 5280 MJ/m2 with approximately 3347 h of
sunshine. Solar energy systems consist of PV modules and parabolic
trough collectors are considered to satisfy electricity consumption,
domestic water heating, and cooling loads of an existing building.
This paper presents the results of an extensive program of energy
conservation and energy generation using integrated photovoltaic
(PV) modules and Parabolic Trough Collectors (PTC). The program
conducted on an existing institutional building intending to convert it
into a Net-Zero Energy Building (NZEB) or near net Zero Energy
Building (nNZEB). The program consists of two phases; the first
phase is concerned with energy auditing and energy conservation
measures at minimum cost and the second phase considers the
installation of photovoltaic modules and parabolic trough collectors.
The 2-storey building under consideration is the Applied Sciences
Department at the College of Technological Studies, Kuwait. Single
effect lithium bromide water absorption chillers are implemented to
provide air conditioning load to the building. A numerical model is
developed to evaluate the performance of parabolic trough collectors
in Kuwait climate. Transient simulation program (TRNSYS) is
adapted to simulate the performance of different solar system
components. In addition, a numerical model is developed to assess
the environmental impacts of building integrated renewable energy
systems. Results indicate that efficient energy conservation can play
an important role in converting the existing buildings into NZEBs as
it saves a significant portion of annual energy consumption of the
building. The first phase results in an energy conservation of about
28% of the building consumption. In the second phase, the integrated
PV completely covers the lighting and equipment loads of the
building. On the other hand, parabolic trough collectors of optimum
area of 765 m2 can satisfy a significant portion of the cooling load,
i.e about73% of the total building cooling load. The annual avoided
CO2 emission is evaluated at the optimum conditions to assess the
environmental impacts of renewable energy systems. The total annual
avoided CO2 emission is about 680 metric ton/year which confirms
the environmental impacts of these systems in Kuwait.
Abstract: This paper is aimed to study combustion characteristics
of low NOx burner using petroleum cokes as fuel. The petroleum coke,
which is produced through the oil refining process, is an attractive fuel
in terms of its high heating value and low price. But petroleum coke is
a challenging fuel because of its low volatile content, high sulfur and
nitrogen content, which give rise to undesirable emission
characteristics and low ignitability. Therefore, the research and
development regarding the petroleum coke burner is needed for
applying this industrial system. In this study, combustion and emission
characteristics of petroleum cokes burner are experimentally
investigated in an industrial steam boiler. The low NOx burner is
designed to control fuel and air mixing to achieve staged combustion,
which, in turn reduces both flame temperature and oxygen. Air
distribution ratio of triple staged air is optimized experimentally. The
result showed that NOx concentration is lowest when overfire air is
used, and the burner function at a fuel rich condition. That is, the
burner is operated at the equivalence ratio of 1.67 and overall
equivalence ratio including overfire air is kept 0.87.
Abstract: Main purpose of this study is to identify the impact of
government expenditure on economic growth in Asian Countries.
Consequently, main objective is to analyze whether government
expenditure causes economic growth in Asian countries vice versa
and then scrutinizing long-run equilibrium relationship exists
between them. The study completely based on secondary data. The
methodology being quantitative that includes econometrical
techniques of cointegration, panel fixed effects model and granger
causality in the context of panel data of Asian countries; Singapore,
Malaysia, Thailand, South Korea, Japan, China, Sri Lanka, India and
Bhutan with 44 observations in each country, totaling to 396
observations from 1970 to 2013. The model used is the random
effects panel OLS model. As with the above methodology, the study
found the fascinating outcome. At first, empirical findings exhibit a
momentous positive impact of government expenditure on Gross
Domestic Production in Asian region. Secondly, government
expenditure and economic growth indicate a long-run relationship in
Asian countries. In conclusion, there is a unidirectional causality
from economic growth to government expenditure and government
expenditure to economic growth in Asian countries. Hence the study
is validated that it is in line with the Keynesian theory and Wagner’s
law as well. Consequently, it can be concluded that role of
government would play a vital role in economic growth of Asian
Countries. However; if government expenditure did not figure out
with the economy’s needs it might be considerably inspiration the
economy in a negative way so that society bears the costs.
Abstract: In this paper, we study the optical nonlinearities of
Silver sulfide (Ag2S) nanostructures dispersed in the Dimethyl
sulfoxide (DMSO) under exposure to 532 nm, 15 nanosecond (ns)
pulsed laser irradiation. Ultraviolet–visible absorption spectrometry
(UV-Vis), X-ray diffraction (XRD), and transmission electron
microscopy (TEM) are used to characterize the obtained nanocrystal
samples. The band gap energy of colloid is determined by analyzing
the UV–Vis absorption spectra of the Ag2S NPs using the band
theory of semiconductors. Z-scan technique is used to characterize
the optical nonlinear properties of the Ag2S nanoparticles (NPs).
Large enhancement of two photon absorption effect is observed with
increase in concentration of the Ag2S nanoparticles using open Zscan
measurements in the ns laser regime. The values of the nonlinear
absorption coefficients are determined based on the local nonlinear
responses including two photon absorption. The observed aperture
dependence of the Ag2S NP limiting performance indicates that the
nonlinear scattering plays an important role in the limiting action of
the sample. The concentration dependence of the optical liming is
also investigated. Our results demonstrate that the optical limiting
threshold decreases with increasing the silver sulfide NPs in DMSO.
Abstract: As per the statistical data, the Doubly-fed Induction
Generator (DFIG) based wind turbine with variable speed and
variable pitch control is the most common wind turbine in the
growing wind market. This machine is usually used on the grid
connected wind energy conversion system to satisfy grid code
requirements such as grid stability, Fault Ride Through (FRT), power
quality improvement, grid synchronization and power control etc.
Though the requirements are not fulfilled directly by the machine, the
control strategy is used in both the stator as well as rotor side along
with power electronic converters to fulfil the requirements stated
above. To satisfy the grid code requirements of wind turbine, usually
grid side converter is playing a major role. So in order to improve the
operation capacity of wind turbine under critical situation, the
intensive study of both machine side converter control and grid side
converter control is necessary In this paper DFIG is modeled using
power components as variables and the performance of the DFIG
system is analysed under grid voltage fluctuations. The voltage
fluctuations are made by lowering and raising the voltage values in
the utility grid intentionally for the purpose of simulation keeping in
view of different grid disturbances.
Abstract: Anammox is a novel and promising technology that has changed the traditional concept of biological nitrogen removal. The process facilitates direct oxidation of ammonical nitrogen under anaerobic conditions with nitrite as an electron acceptor without addition of external carbon sources. The present study investigated the feasibility of Anammox Hybrid Reactor (AHR) combining the dual advantages of suspended and attached growth media for biodegradation of ammonical nitrogen in wastewater. Experimental unit consisted of 4 nos. of 5L capacity AHR inoculated with mixed seed culture containing anoxic and activated sludge (1:1). The process was established by feeding the reactors with synthetic wastewater containing NH4-H and NO2-N in the ratio 1:1 at HRT (hydraulic retention time) of 1 day. The reactors were gradually acclimated to higher ammonium concentration till it attained pseudo steady state removal at a total nitrogen concentration of 1200 mg/l. During this period, the performance of the AHR was monitored at twelve different HRTs varying from 0.25-3.0 d with increasing NLR from 0.4 to 4.8 kg N/m3d. AHR demonstrated significantly higher nitrogen removal (95.1%) at optimal HRT of 1 day. Filter media in AHR contributed an additional 27.2% ammonium removal in addition to 72% reduction in the sludge washout rate. This may be attributed to the functional mechanism of filter media which acts as a mechanical sieve and reduces the sludge washout rate many folds. This enhances the biomass retention capacity of the reactor by 25%, which is the key parameter for successful operation of high rate bioreactors. The effluent nitrate concentration, which is one of the bottlenecks of anammox process was also minimised significantly (42.3-52.3 mg/L). Process kinetics was evaluated using first order and Grau-second order models. The first-order substrate removal rate constant was found as 13.0 d-1. Model validation revealed that Grau second order model was more precise and predicted effluent nitrogen concentration with least error (1.84±10%). A new mathematical model based on mass balance was developed to predict N2 gas in AHR. The mass balance model derived from total nitrogen dictated significantly higher correlation (R2=0.986) and predicted N2 gas with least error of precision (0.12±8.49%). SEM study of biomass indicated the presence of heterogeneous population of cocci and rod shaped bacteria of average diameter varying from 1.2-1.5 mm. Owing to enhanced NRE coupled with meagre production of effluent nitrate and its ability to retain high biomass, AHR proved to be the most competitive reactor configuration for dealing with nitrogen laden wastewater.
Abstract: Leishmaniasis is the collective name for a number of
diseases caused by protozoan flagellates of the genus Leishmania,
which is transmitted by Phlebotomine sandfly, the disease has diverse
clinical manifestations and found in many areas of the world,
particularly in Africa, Latin America, South and Central Asia, the
Mediterranean basin and the Middle East. This study was done to
assess primary health care physicians’ knowledge (PHP) and attitude
about leishmaniasis and to assess awareness of local inhabitants
about the disease and its vector in four areas in west Alexandria,
Egypt. It is a cross sectional survey that was conducted in four PHC
units in west Alexandria. All physicians currently working in these
units during the study period were invited to participate in the study;
only 20 PHP completed the questionnaire. 60 local inhabitants were
selected randomly from the four areas of the study, 15 from each
area; Data was collected through two different specially designed
questionnaires. Results showed that 11 (55%) percent of the
physicians had satisfactory knowledge; they answered more than 9
(60%) questions out of a total 14 questions about leishmaniasis and
sandfly. On the other hand when attitude of the primary health care
physicians about leishmaniasis was measured, results showed that 17
(85%) had good attitude and 3 (15%) had poor attitude. The second
questionnaire showed that the awareness of local inhabitants about
leishmaniasis and sandfly as a vector of the disease is poor and needs
to be corrected. (90%) of the interviewed inhabitants had not heard
about leishmaniasis, Only 3 (5%) of them said they know sandfly and
its role in transmission of leishmaniasis. Thus we conclude that
knowledge and attitudes of physicians are acceptable. However, there
is, room for improvement and could be done through formal training
courses and distribution of guidelines. In addition to raising the
awareness of primary health care physicians about the importance of
early detection and notification of cases of leishmaniasis, health
education for raising awareness of the public regarding the vector and
the disease is necessary because related studies have demonstrated
that for inhabitants to take enough protective measures against the
vector, they should perceive that it is responsible for causing a
disease.
Abstract: Electrostatic interaction energy (ΔEEDL) is a part of the Extended Derjaguin-Landau-Verwey-Overbeek (XDLVO) theory, which, together with van der Waals (ΔEVDW) and acid base (ΔEAB) interaction energies, has been extensively used to investigate the initial adhesion of bacteria to surfaces. Electrostatic or electrical double layer interaction energy is considerably affected by surface potential; however it cannot be determined experimentally and is usually replaced by zeta (ζ) potential via electrophoretic mobility. This paper focusses on the effect of ionic concentration as a function of pH and the effect of mineral grain size on ζ potential. It was found that both ionic strength and mineral grain size play a major role in determining the value of ζ potential for the adhesion of P. putida to hematite and quartz surfaces. Higher ζ potential values lead to higher electrostatic interaction energies and eventually to higher total XDLVO interaction energy resulting in bacterial repulsion.
Abstract: This paper proposes that in the course of evolution
pitch structure became a human specific tool of communication the
function of which is to induce emotional states such as uncertainty
and cohesion. By the means of eliciting these emotions during
collective music performance people are able to unconsciously give
cues concerning social acceptance. This is probably one of the
reasons why in all cultures people collectively perform tonal music. It
is also suggested that tonal pitch structure had been invented socially
before it became an evolutionary innovation of hominines. It means
that a predisposition to tonally organize pitches evolved by the means
of ‘Baldwin effect’ – a process in which natural selection transforms
the learned response of an organism into the instinctive response. In
the proposed, hypothetical evolutionary scenario of the emergence of
tonal pitch structure social forces such as a need for closer
cooperation play the crucial role.
Abstract: This paper presents a study on the effect of
second-order slip and jump on forced convection through a long
isothermally heated or cooled planar microchannel. The fully
developed solutions of thermal flow fields are analytically obtained on
the basis of the second-order Maxwell-Burnett slip and Smoluchowski
jump boundary conditions. Results reveal that the second-order term in
the Karniadakis slip boundary condition is found to contribute a
negative velocity slip and then to lead to a higher pressure drop as well
as a higher fluid temperature for the heated-wall case or to a lower
fluid temperature for the cooled-wall case. These findings are contrary
to predictions made by the Deissler model. In addition, the role of
second-order slip becomes more significant when the Knudsen
number increases.
Abstract: Concrete is strong in compression however weak in
tension. The tensile strength as well as ductile property of concrete
could be improved by addition of short dispersed fibers. Polyethylene
terephthalate (PET) fiber obtained from hand cutting or mechanical
slitting of plastic sheets generally used as discrete reinforcement in
substitution of steel fiber. PET fiber obtained from the former process
is in the form of straight slit sheet pattern that impart weaker
mechanical bonding behavior in the concrete matrix. To improve the
limitation of straight slit sheet fiber the present study considered two
additional geometry of fiber namely (a) flattened end slit sheet and
(b) deformed slit sheet. The mix for plain concrete was design for a
compressive strength of 25 MPa at 28 days curing time with a watercement
ratio of 0.5. Cylindrical and beam specimens with 0.5% fibers
volume fraction and without fibers were cast to investigate the
influence of geometry on the mechanical properties of concrete. The
performance parameters mainly studied include flexural strength,
splitting tensile strength, compressive strength and ultrasonic pulse
velocity (UPV). Test results show that geometry of fiber has a
marginal effect on the workability of concrete. However, it plays a
significant role in achieving a good compressive and tensile strength
of concrete. Further, significant improvement in term of flexural and
energy dissipation capacity were observed from other fibers as
compared to the straight slit sheet pattern. Also, the inclusion of PET
fiber improved the ability in absorbing energy in the post-cracking
state of the specimen as well as no significant porous structures.
Abstract: Information technology plays an irreplaceable role in
introducing and improving business process orientation in a
company. It enables implementation of the theoretical concept,
measurement of results achieved and undertaking corrective
measures aimed at improvements. Information technology is a key
concept in the development and implementation of the business
process management systems as it establishes a connection to
business operations. Both in the literature and practice, insurance
companies are often seen as highly process oriented due to the nature
of their business and focus on customers. They are also considered
leaders in using information technology for business process
management. The research conducted aimed to investigate whether
the perceived leadership status of insurance companies is well
deserved, i.e. to establish the level of process orientation and explore
the practice of information technology use in insurance companies in
the region. The main instrument for primary data collection within
this research was an electronic survey questionnaire sent to the
management of insurance companies in the Republic of Croatia,
Bosnia and Herzegovina, Slovenia, Serbia and Macedonia. The
conducted research has shown that insurance companies have a
satisfactory level of process orientation, but that there is also a huge
potential for improvement, especially in the segment of information
technology and its connection to business processes.
Abstract: Despite the financial crisis and ongoing need for cost
cutting, companies all around the world heavily invest in Information
Systems (IS) and underlying Information Technology (IT).
Proliferation of governance of enterprise IT helps companies manage,
or rather, governs IS as a primary business function with executive
management involved in making decision about IS and IT. The
business value of IT is raising with the involvement of the executive
management in IT decision making process and quality IT
governance mechanisms in place. In this paper the practice of
governing the enterprise IT will be investigated on a sample of the
largest 100 Croatian companies. Research questions posed here will
reveal if there are some formal IT governance mechanisms, are there
any differences in perceived role of IS and IT between CIOs (Chief
Information Officers) and CEOs (Chief Executive Officers) of the
sampled companies and what are the mechanisms to govern massive
investment in enterprise IT.
Abstract: The Multiple Intelligences theory characterizes human
intelligence as a multifaceted entity that exists in all human beings
with varying degrees. The most important contribution of this theory
to the field of English Language Teaching (ELT) is its role in
identifying individual differences and designing more learnercentered
programs. The present study aims at investigating the
relationship between different elements of multiple intelligence and
grammar scores. To this end, 63 female Iranian EFL learner selected
from among intermediate students participated in the study. The
instruments employed were a Nelson English language test, Michigan
Grammar Test, and Teele Inventory for Multiple Intelligences
(TIMI). The results of Pearson Product-Moment Correlation revealed
a significant positive correlation between grammatical accuracy and
linguistic as well as interpersonal intelligence. The results of
Stepwise Multiple Regression indicated that linguistic intelligence
contributed to the prediction of grammatical accuracy.
Abstract: The objective of this paper is to evaluate the effects of
soil-structure interaction (SSI) on the modal characteristics and on
the dynamic response of current structures. The objective is on the
overall behaviour of a real structure of five storeys reinforced
concrete (R/C) building typically encountered in Algeria. Sensitivity
studies are undertaken in order to study the effects of frequency
content of the input motion, frequency of the soil-structure system,
rigidity and depth of the soil layer on the dynamic response of such
structures. This investigation indicated that the rigidity of the soil
layer is the predominant factor in soil-structure interaction and its
increases would definitely reduce the deformation in the R/C
structure. On the other hand, increasing the period of the underlying
soil will cause an increase in the lateral displacements at story levels
and create irregularity in the distribution of story shears. Possible
resonance between the frequency content of the input motion and soil
could also play an important role in increasing the structural
response.
Abstract: Public space is essential to strengthen the social and
urban fabric and the social cohesion; there lies the importance of its
study. Hence, the aim of this paper is to analyze the quality of public
space in the XXI century in both quantitative and qualitative terms. In
this article, the concept of public space includes open spaces such as
parks, public squares and walking areas. To make this analysis, we
take Mexico City as the case study. It has a population of nearly 9
million inhabitants and is composed of sixteen boroughs. For this
analysis, we consider both existing public spaces and the government
intervention for building and improving new and existent public
spaces. Results show that on the one hand, quantitatively there is not
an equitable distribution of public spaces due to both the growth of
the city itself as well as due to the absence of political will to create
public spaces. Another factor is the evolution of this city, which has
been growing merely in a “patched pattern”, where public space has
played no role at all with a total absence of urban design. On the
other hand, qualitatively, even the boroughs with the most public
spaces have not shown interest in making these spaces qualitatively
inclusive and open to the general population aiming for integration.
Therefore, urban projects that privatize public space seem to be the
rule, rather than a rehabilitation effort of the existent public spaces.
Hence, state intervention should reinforce its role as an agent of
social change acting in benefit of the majority of the inhabitants with
the promotion of more inclusive public spaces.
Abstract: This study analyzes the critical gaps in the
architecture of European stability and the expected role of the
banking union as the new important step towards completing the
Economic and Monetary Union that should enable the creation of
safe and sound financial sector for the euro area market. The single
rulebook together with the Single Supervisory Mechanism and the
Single Resolution Mechanism - as two main pillars of the banking
union, should provide a consistent application of common rules and
administrative standards for supervision, recovery and resolution of
banks – with the final aim of replacing the former bail-out practice
with the bail-in system through which possible future bank failures
would be resolved by their own funds, i.e. with minimal costs for
taxpayers and real economy. In this way, the vicious circle between
banks and sovereigns would be broken. It would also reduce the
financial fragmentation recorded in the years of crisis as the result of
divergent behaviors in risk premium, lending activities and interest
rates between the core and the periphery. In addition, it should
strengthen the effectiveness of monetary transmission channels, in
particular the credit channels and overflows of liquidity on the money
market which, due to the fragmentation of the common financial
market, has been significantly disabled in period of crisis. However,
contrary to all the positive expectations related to the future
functioning of the banking union, major findings of this study
indicate that characteristics of the economic system in which the
banking union will operate should not be ignored. The euro area is an
integration of strong and weak entities with large differences in
economic development, wealth, assets of banking systems, growth
rates and accountability of fiscal policy. The analysis indicates that
low and unbalanced economic growth remains a challenge for the
maintenance of financial stability and this problem cannot be
resolved just by a single supervision. In many countries bank assets
exceed their GDP by several times and large banks are still a matter
of concern, because of their systemic importance for individual
countries and the euro zone as a whole. The creation of the Single
Supervisory Mechanism and the Single Resolution Mechanism is a
response to the European crisis, which has particularly affected
peripheral countries and caused the associated loop between the
banking crisis and the sovereign debt crisis, but has also influenced
banks’ balance sheets in the core countries, as the result of crossborder
capital flows. The creation of the SSM and the SRM should
prevent the similar episodes to happen again and should also provide
a new opportunity for strengthening of economic and financial
systems of the peripheral countries. On the other hand, there is a
potential threat that future focus of the ECB, resolution mechanism
and other relevant institutions will be extremely oriented towards
large and significant banks (whereby one half of them operate in the
core and most important euro area countries), and therefore it remains
questionable to what extent will the common resolution funds will be used for rescue of less important institutions. Recent geopolitical
developments will be the optimal indicator to show whether the
previously established mechanisms are sufficient enough to maintain
the adequate financial stability in the euro area market.