10 results
Search Results
2. Aircraft observations and reanalysis depictions of trends in the North Atlantic winter jet stream wind speeds and turbulence.
- Author
-
Tenenbaum, Joel, Williams, Paul D., Turp, Debi, Buchanan, Piers, Coulson, Robert, Gill, Philip G., Lunnon, Robert W., Oztunali, Marguerite G., Rankin, John, and Rukhovets, Leonid
- Subjects
JET streams ,TURBULENCE ,ATMOSPHERIC tides ,UPPER atmosphere ,ATMOSPHERIC models ,SOLAR cycle ,WIND speed - Abstract
Multiple studies have considered whether increased anthropogenic CO2 will affect the wind speeds and turbulence associated with the winter North Atlantic polar‐front jet stream in the upper atmosphere. Key questions are whether any effects can already be seen and, if so, can they be seen independent of computer models of the atmosphere. In this study we use two reanalyses, NCEP/NCAR and the ECMWF ERA5, and two large observational archives, AMDAR/ACARS and the Global Aircraft Data Set (GADS), to try to answer these questions for the period 2002–2020 when automated aircraft observations were plentiful over the North Atlantic. We focus on eastbound, New York to London, flights. No significant increase appears in reanalyses during the last roughly 40 years (1979–2020) which is our best estimate for the modern satellite era. In contrast, for the last roughly 20 years (2002–2020) both the ERA5 reanalysis (2.5% per year) and the GADS archive (1.2% to 1.4% per year) show a statistically significant rise in the wind speed in the North Atlantic jet streak exit region. These results must be considered in the context of atmospheric oscillations, changes to the North Atlantic Track System (NATS), and the effects of aircraft step climbs. We estimate that up to 0.5% of the rise may be due to improvements in the NATS operations and an unknown additional amount may be due to the substantial increase in automated aircraft observations starting in 1997. We also examine the impact of aircraft observations on one's confidence in drawing conclusions from secular changes in the reanalyses. For turbulence, the Light turbulence trends are not statistically significant. Our confidence in the turbulence results is more limited since these observations reflect medium‐term changes in tactical and strategic aircraft operational procedures as well as the underlying prevalence of turbulence. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
3. NY‐LON 2020: The changing relations between London and New York in corporate globalisation.
- Author
-
Taylor, Peter J. and Derudder, Ben
- Subjects
GLOBALIZATION ,FINANCIAL management ,SERVICE industries - Abstract
London and New York are the leading cities in the world of corporate globalisation: their financial, professional, and creative services are at the centre of the commercial connections that constitute the world city network. The relations between the two cities are more complementary than competitive, commonly indicated by the concept of NY‐LON as a trans‐oceanic service conglomerate for facilitating economic globalisation. However, world city network analysis shows London growing its overall servicing connectivity more than New York. This change in the inter‐city relation is investigated through focus on the service connectivity and agglomeration capacities of the two cities. It is found that they share a very similar connectivity regional profile while simultaneously showing stark differences in their service agglomeration sector profiles. This is shown to be the result of London gaining the rapidly growing super‐rich servicing market. Thus while New York continues its long‐term production of financial innovations, London has grown an offshore platform for global capital specifically in the form of the world's money management centre. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
4. Who Sets the Price of Gold? London or New York.
- Author
-
Hauptfleisch, Martin, Putniņš, Tālis J., and Lucey, Brian
- Subjects
GOLD sales & prices ,FUTURES market ,PRICING ,MACROECONOMICS - Abstract
We investigate which of the two main centers of gold trading-the London spot market and the New York futures market-plays a more important role in setting the price of gold. Using intraday data during a 17-year period, we find that although both markets contribute to price discovery, the New York futures play a larger role on average. This is striking given the volume of gold traded in New York is less than a tenth of the London spot volume, and illustrates the importance of market structure on the process of price discovery. We find considerable variation in price discovery shares both intraday and across years. The variation is related to the structure and liquidity of the markets, daylight hours, and macroeconomic announcements that affect the price of gold. We find that a major upgrade in the New York trading platform reduces the relative amount of noise in New York futures prices, reduces the impact of daylight hours on the location of price discovery, but does not greatly increase the speed with which information is reflected in prices. © 2016 Wiley Periodicals, Inc. Jrl Fut Mark 36:564-586, 2016 [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
5. TRANSATLANTIC CAPITAL MARKET PRICE DISCOVERY DURING A FINANCIAL CRISIS.
- Author
-
Hoag, Christopher and Norman, Stephen
- Subjects
CAPITAL market ,FINANCIAL crises ,INTERNATIONAL markets ,STOCK exchanges ,CROSS listing of securities - Abstract
ABSTRACT Previous results show relatively small amounts of time variation in the Hasbrouck (1995) information share across international markets. Using data from a security that was cross-listed on the New York and London Stock Exchanges in the 1860s, we find that the information share changes dramatically during a financial crisis that began in the foreign market. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
6. The Art Book Summer 2007 Bestseller Lists.
- Subjects
LISTS - Abstract
Several lists are presented showing the bestselling art books for the summer of 2007 in New York City and in London, England. The lists include the books "Baroque: Architecture Sculpture Painting," "Modern Contemporary: Art Since 1980 at MoMA" and "An American Index of the Hidden and Unfamiliar," by Taryn Simon.
- Published
- 2007
- Full Text
- View/download PDF
7. Explaining country and cross-border liquidity commonality in international equity markets.
- Author
-
Zheng Zhang, Jun Cai, and Yan Leung Cheung
- Subjects
LIQUIDITY (Economics) ,INTERNATIONAL liquidity ,FINANCIAL markets ,STOCK exchanges ,INTERNATIONAL markets ,STOCK prices - Abstract
Using a large cross section of intraday data from 25 developed countries, we study commonality in liquidity, both within and across international equity markets, over 15-minute intervals. Within-country and cross-border liquidity commonalities are found to be significant and, after controlling for country and industry effects, relate to such firm-specific measures as size, bid–ask spread, and the extent of analyst coverage. Additionally, within-country liquidity commonality is lower for firms with depository receipts cross listed in New York or London. Cross-border liquidity commonality is particularly high for firms with relatively high actual ownership by foreign institutions. © 2009 Wiley Periodicals, Inc. Jrl Fut Mark 29:630–652, 2009 [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
8. Mega-projects in New York, London and Amsterdam.
- Author
-
FAINSTEIN, SUSAN S.
- Subjects
CONSTRUCTION projects ,PUBLIC-private sector cooperation ,WELFARE state - Abstract
Copyright of International Journal of Urban & Regional Research is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2008
- Full Text
- View/download PDF
9. Economics, politics and development policy: the convergence of New York and London.
- Author
-
Fainstein, Susan S.
- Subjects
DEVELOPMENT economics ,POLITICAL planning ,ENVIRONMENTAL degradation - Abstract
During the 1980s two global cities New York City and London, England have shown a remarkable convergence in public policy and development patterns. The article analyzes the linkage between the pressures of world economic transformation, on the one hand and political and ideological forces on the other in determining the character of development in these two cities. London and New York are a particularly useful source for comparative study because their common attributes permit the identification of a limited number of variables to explain their differences. They both developed as great ports, their roles as centers of international trade and the requirements for financing that trade, caused them to become the locations of the world's most important financial markets. Each has been the financial capital of a dominant global economic power, and each faces increased competition from other world centers. It is further observed that the governments of New York City and London opted for the route of minimal planning, dampened participation and market distribution. These policies have contributed to highly uneven development, severe shortages of affordable housing, congestion and environmental deterioration.
- Published
- 1990
- Full Text
- View/download PDF
10. The Social Functioning of Opiate Maintenance Clinics in London and New York City.
- Author
-
Johnson, Bruce D.
- Subjects
DRUG abuse treatment ,METHADONE treatment programs ,SUBSTANCE abuse treatment facilities - Abstract
Compares methadone maintenance programs (MMP) in New York City and drug treatment centers (DTC) in London, England. Treatment of opiate addiction; Legal and moral restrictions which limit the treatment alternatives available to U.S. doctors and MMP administrators; Chemotherapy model followed in DTC and MMP.
- Published
- 1976
- Full Text
- View/download PDF
Discovery Service for Jio Institute Digital Library
For full access to our library's resources, please sign in.