The Basel credit gap, the difference between a country’s credit-to-GDP ratio and its estimated long-term trend, is used as basis for setting countercyclical capital buffers under III regulatory framework. Using international data from BIS, we show that by one-sided HP filter, nearly equivalent to naive 16-quarter change in performs equally well terms of predicting banking crises. We demonstrate...

Wikidata, a community-curated knowledge base related to Wikipedia, affects our access information, wielding more power than many realize. Seeing an opportunity for improving and promoting their collections, libraries, archives, other cultural heritage institutions have been experimenting with Wikidata in various ways. One burgeoning area of activity is Wikidata’s scholarly citation data, but th...

A cardinal feature of early stages of human brain development centers on the sensory, cognitive, and emotional experiences that shape neuronal-circuit formation and refinement. Consequently, alterations in these processes account for many psychiatric and neurodevelopmental disorders. Neurodevelopment disorders affect 3-4% of the world population. The impact of these disorders presents a major c...

On the first page of The Problem of Consciousness (1991), Colin McGinn asks "How is it possible for conscious states to depend on brain states? How can technicolour phenomenology arise from soggy grey matter?" Many philosophers feel that questions like these pose an unanswerable challenge to physicalism. They argue that there is no way of bridging the "explanatory gap" between the material brai...

We discuss an optimisation criterion for the exact renormalisation group based on the inverse effective propagator, which displays a gap. We show that a simple extremisation of the gap stabilises the flow, leading to better convergence of approximate solutions towards the physical theory. This improves the reliability of truncations, most relevant for any high precision computation. These ideas...