The medieval banks of continental Europe facilitated trade by serving as payment intermediaries. Depositors commonly would pay one another by transferring bank balances with the aid of overdraft credit. We model this process in an environment of intermediate good exchange with incomplete contract enforcement. Our model suggests that the early banks were capable of accessing the “netting credit”...

Complexation of celecoxib with ß-cyclodextrin and hydroxypropyl-ß-cyclodextrin in the presence and absence of polyvinylpyrrolidone and the effect of polyvinylpyrrolidone on the solubilizing efficiency of cyclodextrins and on the dissolution rate of celecoxib from the cyclodextrin complexes were investigated. The phase solubility studies indicated the formation of celecoxib-ß-cyclodextrin and ce...

The type-1 OWA operator is a new aggregation operator that is used to directly aggregate fuzzy sets via an OWA mechanism. In this paper, an α-level type-1 OWA operator capable of aggregating the α-cuts of fuzzy sets is proposed. Based on the fuzzy set Representation Theorem, we indicate that a general type-1 OWA operator can be represented by its α-level type-1 OWA operators. This result is ver...

Surface velocity patterns and upper ocean density profiles are presented from a period following a sudden increase in wind. A prior wind speed of 8 m/s failed to produce visible signs of Langmuir circulation. After the wind speed increased to 13 m/s, Langmuir circulation developed within 15 min. The initial scale observed was about 16 m, streak to streak, and may have been restricted by the dep...