Moody's endorses the Basel Committee's proposal to use banks' internal risk assessments to re®ne the Basel Accord's risk weights on bank assets and commitments. External risk assessments, such as Moody's credit ratings, will likely play a supporting role as direct inputs into banks' internal rating systems and as tools for benchmarking and validating those systems. However, the widespread use o...

It has been conjectured that the classical dynamics of M theory is equivalent to a null geodesic motion in the infinite-dimensional coset space E10/K(E10), where K(E10) is the maximal compact subgroup of the hyperbolic Kac-Moody group E10. We here provide further evidence for this conjecture by showing that the leading higher order corrections, quartic in the curvature and related three-form de...

We described in [7] a monoid b G acting on the integrable highest weight modules of a symmetrizable Kac-Moody algebra. It has similar structural properties as a reductive algebraic monoid with unit group a Kac-Moody group G. Now we find natural extensions of the action of the Kac-Moody group G on its building Ω to actions of the monoid b G on Ω. These extensions are partly motivated by represen...

J. Moody-Weis ([email protected]) and H. M. Alexander, Dept of Ecology and Evolutionary Biology, Univ. of Kansas, 1200 Sunnyside Ave, Lawrence, KS 66045, USA. (Present address of J. M.-W.: 500 College Hill, Campus Box 1059, William Jewell College, Liberty, MO 64068, USA.) J. Antonovics, Dept of Biology, Gilmer Hall, Univ. of Virginia, Charlottesville, VA 22905, USA. D. Pilson, Scho...

Baligh R Yehia ([email protected]) Leslie Stewart ([email protected]) Florence Momplaisir ([email protected]) Aaloke Moody ([email protected]) Carol Holtzman ([email protected]) Lisa Jacobs ([email protected]) Janet Hines ([email protected]) Karam Mounzer ([email protected]) Karen Glanz ([email protected]) Joshua P Metlay ([email protected]...

Motivation. The theory of affine (Kac-Moody) Lie algebras has been a tremendous success story. Not only has one been able to generalize essentially all of the well-developed theory of finite-dimensional simple Lie algebras and their associated groups to the setting of affine Lie algebras, but these algebras have found many striking applications in other parts of mathematics. It is natural to as...

Moody is right that the doctrine of conscious inessentialism (CI) is false. Unfortunately, his zombie-based argument against (CI), once made suf-ciently clear to evaluate, is revealed as nothing but legerdemain. The fact is, though Moody has|for reasons I explain|convinced himself otherwise , certain zombies are impenetrable: that they are zombies, and not conscious beings like us, is something...

We present a variant of the Theory of Lorentzian (i. e. with a hyperbolic generalized Cartan matrix) Kac–Moody algebras recently developed by V. A. Gritsenko and the author. It is closely related with and strongly uses results of R. Borcherds. This theory should generalize well-known Theories of finite Kac–Moody algebras (i. e. classical semi-simple Lie algebras corresponding to positive genera...

We document insider opportunism in an insolvency regime that is characterized by weak creditor rights and uses an accounting rule to determine bankruptcy eligibility. Using a unique dataset of bankrupt firms from India, we show insiders manage earnings downward before filing for bankruptcy via inventory and trade receivable accruals. A battery of robustness tests confirm accrual behavior is not...