The identifi cation and assessment of systemic risks is a core function of macro-prudential supervision. There are four broad approaches for analytical models and tools that can support this function. The fi rst three each aim to detect early one of the three main forms of systemic risk, namely the endogenous build-up and unravelling of widespread imbalances, exogenous aggregate shocks and cont...

We augment a simple Real Business Cycle model with financial intermediaries that may default on their liabilities and friction generating social costs of default. derive closed-form solution for the general equilibrium economy, providing analytical results. Endogenous generates negative skew aggregate variables positive credit spreads, as documented in empirical literature. Larger frictions str...

This paper examines the optimal design of capital and liquidity regulations under fire sale externalities. The lack of complementary liquidity ratio requirements harms the purpose of capital adequacy requirements by yielding not only inefficiently low risky investment but also more severe financial crises. When capital is regulated but liquidity is not, banks still keep liquid assets for micro-...

We examine whether emerging market prudential policies help to reduce the macro-financial spillover effects of US monetary policy. find that markets with tighter face significantly smaller, and less negative, spillovers total credit from policy tightening shocks. Reserve requirements and, a lesser extent, loan-to-value ratio limits appear be particularly effective measures at mitigating Consist...

In our fast-growing world, we need to create increasingly efficient systems ensure further growth and sustainability. This also applies transportation, where a key limitation is the bottle-necks of road network capacity. To eliminate, or at least, moderate these bottlenecks, they must first be localised. this case study, model proposed objectively identify weak points infrastructure in Western ...

This study examined intra- and interindividual variations in parental legitimacy beliefs in a sample of 883 Arab refugee adolescents (M(age) = 15.01 years, SD = 1.60), 277 Iraqis, 275 Syrians, and 331 Palestinians in Amman, Jordan. Confirmatory factor analyses showed distinct latent factors for moral-conventional, prudential, and personal legitimacy items. Older adolescents rated legitimacy low...

Long Term Evolution (LTE) is defined by the Third Generation Partnership Project (3GPP) standards as Release 8/9. The LTE supports at max 20 MHz channel bandwidth for a carrier. The number of LTE users and their applications are increasing, which increases the demand on the system BW. A new feature of the LTE-Advanced (LTE-A) which is defined in the 3GPP standards as Release 10/11 is called Car...

CPS macros written using Scheme’s syntax-rules macro system allow for guaranteed composition of macros and control over the order of macro expansion. We identify a limitation of CPS macros when used to generate bindings from a non-unique list of user-specified identifiers. Implementing a pattern matcher for the miniKanren relational programming language revealed this limitation. Identifiers com...

Large enterprises, such as IBM, accumulate petabytes of free-text data within their organizations. To mine this big data, a critical ability is to enable meaningful question answering beyond keywords search. In this paper, we present a study on the characteristics and classification of IBM sales questions. The characteristics are analyzed both semantically and syntactically, from where a questi...