This paper develops a model of financial institutions that borrow shortterm and invest into long-term marketable assets. Because these financial intermediaries perform maturity transformation, they are subject to potential runs. We endogenize the profits of such intermediaries and derive distinct liquidity and collateral conditions that determine whether a run can be prevented. We examine the m...

Iterative algorithms based on runs and runs of runs are presented to calculate the cells of the two–dimensional lattice intersected by a line of real slope and intercept. The technique is applied to the problem of traversing a ray through a two–dimensional grid. Using runs or runs of runs provides a significant improvement in the efficiency of ray traversal for all but very short path lengths w...

Ultrarelativistic heavy-ion collisions are used to study the physics of strongly interacting matter under extreme conditions, similar those early universe. In such a deconfined state quarks and gluons, quark-gluon plasma (QGP), is formed. Nuclear at LHC provide access highest-temperature, longest-lived experimentally accessible QGP. After three years Long Shutdown intensive installation detecto...

Given an i.i.d. sequence of n letters from a finite alphabet, we consider the length of the longest run of any letter. In the equiprobable case, results for this run turn out to be closely related to the well-known results for the longest run of a given letter. For coin-tossing, tail probabilities are compared for both kinds of runs via Poisson approximation.

There have been important changes in the United Kingdom’s (UK) fertility and immigration in the past decade, with a large share contributed by migrants from Poland. A detailed understanding of Polish migrant fertility is lacking, however, because the relevant data are not routinely collected. This paper provides new insights into the fertility patterns of Polish migrants in the UK, and compares...