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The sensitivity of Canadian chartered banks to exchange rate risk is analyzed over the period 1988‐1995 through estimating the three‐factor asset pricing model (market, interest rate, and exchange rate). Results indicate that banks’ stock returns are sensitive to exchange rate risk and, mainly, to the US dollar relative to the Canadian dollar exchange rate. The sensitivity is, however, unstable over time. Moreover, there is an asymmetric response to exchange rate risk. Investors react more to a re‐evaluation of their portfolio after losses than to an appreciation after successive gains.

This chapter presents a study on the work of commercial diplomats as international business promoters at foreign posts. Research has largely overlooked the actual roles and activities of commercial diplomats in explaining the effectiveness of commercial diplomacy and international business support. In this study, it is assumed that commercial diplomats’ behavior is influenced by informal institutions. Face-to-face semi-structured interviews with 23 commercial diplomats at foreign posts from different countries were conducted and analyzed. The results show three different types of role behavior and differences in proactivity per type. Informal institutions such as background, skills, and experience, cultural differences, and the working environment suggest to explain the differences in levels of proactive international business support behavior of commercial diplomats. Further research is needed to assert these findings.

The most significant recent reform in international bank regulation has been in the area of capital adequacy, first instigated by the BASLE Committee and formally introduced in 1988. These reforms have had, and continue to have, significant economic consequences. However, the concept of capital adequacy and its usefulness in bank regulation has attracted a significant amount of criticism from the academic community. This raises the question as to why it was that capital adequacy was adopted as a tool for international bank regulation, despite major concerns with its rationale and effectiveness. Although the topic of capital adequacy has attracted an increasing body of research, the reasons behind the adoption and implementation of capital adequacy by international bank regulators have remained unexamined in the literature. This paper investigates the rationale for capital adequacy, citing documentary and interview evidence surrounding the key decisions, and in the process traces the dynamics of international bank regulation. The principal finding is that regulatory reform was influenced by tradition, convenience and likely acceptability rather than by any serious considerations of regulatory objectives and potential effectiveness of the capital adequacy reforms. This corresponds to findings about the origin and dynamics of regulation in the political economy literature.

The purpose of this paper is to reveal the friction and wear performance of grooves textured cylindrical roller thrust bearings with different groove dimensions under starved lubrication.

The groove dimensions include: width of grooves (WOG, 50 µm, 100 µm and 150 µm), depth of grooves (DPOG, 7 µm, 11 µm and 15 µm) as well as groove deflection angle (GDA, 45°). A fiber laser marking system was used to prepare groove patterns on the raceways of shaft washers. The friction and wear properties of grooves textured bearings were researched through a vertical universal wear test rig using a customized roller bearing tribo-pair under starved lubrication. Static finite element analyses were conducted to reveal their surface stresses. Through the comprehensive comparison and analyses, the influence mechanism of grooves on the tribological behavior of cylindrical roller thrust bearings was proposed and discussed.

When grooves textured bearings run under starved lubrication, their average coefficients of friction (COFs) and wear losses are all significantly reduced and much lower than those of smooth group. The influence of DPOG on the COF curves is significant, while the influence of WOG on the COF curves is a little weak. The influence of groove dimensions on the surface stresses of grooves textured bearings is weak, whether the WOG or DPOG. In this work, when the WOG is 100 µm and the DPOG is 15 µm, its average COF and wear loss are both the lowest, 0.0066 and 0.61 mg, respectively. Compared with the data of smooth group, its friction coefficient is reduced by 75.3% and its mass loss is reduced by 95.8%, showing a significant improvement in this condition.

This work can provide a valuable reference for the raceway design and reliability optimization of rolling element bearings.

The purpose of this paper is to report the tribological behavior of dimples textured rolling element bearings (REBs) under variable load and starved lubrication.

The pattern parameters include line-diameter of dimples (200 µm, 250 µm, 300 µm), depth of dimples (10 µm, 20 µm, 30 µm). Dimple patterns were prepared on the raceways of the shaft washers of cylindrical roller thrust bearings (CRTBs). A vertical wear test rig was used to obtain their coefficients of friction (COFs) under stepped load (1200–6000 N, with a manually increase of 1200 N every 3600 s) and starved lubrication. The wear losses and worn surfaces were characterized. The tribological performance between stepped load and fixed load (4000 N) was compared. The influence mechanism of dimples on the friction and wear properties of CRTBs under stepped load and starved lubrication was also discussed.

Compared with the data of smooth ones, the average COFs of the dimples textured bearings are almost all reduced under stepped load and starved lubrication, while their mass losses almost all get higher. The depth−diameter ratio and the effective volume coefficient of dimples are the important factors. In this work, compared with the smooth group, when the line-diameter of dimple is 250 µm and the depth is 20 µm, i.e. the depth−diameter ratio is 0.08, its average COF is reduced by 46.8% and its mass loss is reduced by about 7%, showing wonderful friction-reducing effect and good wear resistance.

This work can provide a reference for the raceway design of REBs.

This study aims to form composite solid lubricant coatings on the surface of bearing steel, which can significantly improve the tribological properties of thrust cylindrical roller bearings (TCRBs). Phosphating films possess microscopic porosity that typically needs to be sealed with oil, grease or wax. Due to its unique crystal structure, the phosphating film itself also exhibits a certain degree of lubricity. In this study, solid lubricants are used to fill the pores of the phosphating film. By combining the phosphating film with solid lubricants, lubrication and wear reduction can be achieved.

In this study, the surfaces of the shaft washer (WS) and seat washer (GS) were treated with zinc-phosphating. Subsequently, a solid lubricant solution (polytetrafluoroethylene [PTFE], MoS₂ and graphite) was sprayed onto the phosphated samples at concentrations of 1 , 2  and 3 g/L. The porous and adsorptive nature of the phosphating film was used to embed the solid lubricant particles into the film, thus forming a composite lubrication layer containing solid lubricants on the surface of the bearing steel.

The addition of solid lubricant materials has shown significant potential in reducing wear losses compared with phosphated samples without such additives. Increasing the amount of solid lubricant added can facilitate the formation of a transfer film, which further enhances the protective properties. However, it is important to note that excessive amounts of solid lubricant material can contribute to seizure, leading to increased wear losses of the cage and a higher average coefficient of friction (ACOF).By spraying a PTFE solution with a concentration of 2 g/L, the lowest ACOF and cage wear loss were achieved, resulting in reductions of 60.5% for the ACOF and 89.4% for the cage wear loss. Similarly, when spraying a graphite solution with a concentration of 3 g/L, the lowest wear losses for GS and WS were observed, with reductions of 51.7% for GS wear loss and 38.9% for WS wear loss.

The combination of the phosphating film and solid lubricants aims to achieve lubrication and wear reduction, providing a new approach to wear-resistant technology for TCRBs.

The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-07-2023-0231/

Governments of many developed and developing countries have designed and implemented various financial reforms to enable the sector to play the role of efficient financial intermediation, thereby helping to bolster economic growth and development. The purpose of this paper is to survey past and present literature on the chronology of banking reforms in Nigeria and the implications of the last reform on the Nigerian economy.

The paper is analytical with mode of presentation based on content analysis.

The paper posits that the banking system in Nigeria has come a long way in term of regulations and reforms, number of institutions, structure of ownership, and depth and breadth of operations. However, the various reforms have not yet achieved the desired objectives, either due to poor implementation or improper institutional arrangement or sometimes due to abrupt termination of the reforms.

The paper suggests that henceforth, reforms should be designed according to the peculiarities of the Nigerian economy and institutional behaviour, and should be backed by adequate legislation.

In this paper, reproduced by permission of the Institute of Printed Circuits (USA), the pros and cons of die perforated and drilled holes are discussed in relation to speed of production and quality of plated‐through holes, both with etched and additive printed wiring boards, single‐ and double‐sided.