Ikegami reviews the implementation of mandatory long-term care insurance systems in Germany and Japan, which are organized as pay-as-you-go systems. I propose to go one step further and implement a multi-pillar, mandatory and voluntary long-term care financing system, which combines pay-as-you-go with capital-funded elements. The proposal is based on the observation tha...

Monte Carlo Go is a promising method to improve the performance of computer Go programs. This approach determines the next move to play based on many Monte Carlo samples. This paper examines the relative advantages of additional samples and enhancements for Monte Carlo Go. By parallelizing Monte Carlo Go, we could increase sample sizes by two orders of magnitude. Experimental results obtained i...

Abstract Bank Resolution is considered a cornerstone of the post-crisis financial regulation; however, it also widely ineffective and inefficient in handling bank failures. This article analyses preventive potential resolution framework, specifically focusing on minimum requirement for own funds eligible liabilities (MREL). We argue that MREL has double nature. On one hand, should ensure feasib...