The goal of this paper is to provide a framework to analyze the e¤ectiveness of bank coalition formation in response to an external aggregate shock that may cause disruption to the payment mechanism and real economic activity. I show that the kind of insurance mechanism provided by a speci…c type of bank coalition allows society to completely prevent any disruption to real activity that can be ...

I study the e¤ectiveness of bank coalition formation in response to an external aggregate shock that may cause disruption to the payment mechanism and trading activity. I show that a speci…c type of bank coalition (a joint-liability arrangement) is an e¤ective arrangement that allows member banks to build a capital bu¤er that permits them to absorb the e¤ects of an external shock. In particular...

The typical judgment aggregation problem in economics and other …elds is the following: A group of people has to judge/estimate the value of an uncertain variable y which is a function of k other variables, i.e. y = D(x1; :::xk) . We analyze when it is possible for the group to arrive at collective judgements on the variables that respect D. We consider aggregators that ful…ll Arrow’s IIA-condi...

Purpose – The co-word analysis method is commonly used to cluster-related keywords into the same keyword domain. In other words, traditional co-word analysis cannot cluster the same keywords into more than one keyword domain, and disregards the multi-domain property of keywords. The purpose of this paper is to propose an innovative keyword co-citation approach called “Complete Keyword Pair (CKP...

As the number of systems which offer annotations on digital documents increases, robust anchoring of annotations is a key challenge. It is especially important if the annotator lacks write-access to the document being annotated. For example, if someone makes an annotation on a web page today and the web page changes tomorrow, what happens to the annotation? One approach is simply to “orphan” th...

We present the design and optimization of a 30um CMOS Image Sensor (CIS) pixel. This pixel is embedded in a sensor working in burst mode at speeds up to 5Mfps and high resolution (0.7Meg). Such performance is achieved using two dimensional CCD Memory bank at each pixel which was manufactured using a 0.18um well established CIS Process. Keywords— CCD in CMOS, Buried Channel, Charge Transfer, Glo...

This paper introduces gain-cost classi…cation matrix for targeting customer groups. A real life application was realized on a customer database of CCF Bank containing more than 400,000 instances. Results shows that scoring is almost insensitive to di¤erent cost-gain hypothesis; on the other hand, the optimal targeted group size and the expected global bene…t rely to cost-gain hypothesis. Keywor...

Fisheries and scientific investigations of the recently discovered deep-water coral province south of Malta sampled living specimens of two deep-water Coralliophilinae intimately associated with Lophelia-Madrepora coral banks. The species are ‘Coralliophila’ richardi (Fischer P., 1882) and Babelomurex sentix (Bayer, 1971). A third coralliophilinid ‘Coralliophila’ squamosa (Bivona Ant. in Bivona...

Adenylate kinase (AK) catalyse the phosphotransferase reaction plays an important role in cellular energy homeostasis. The inhibitors of bacterial AK are useful in the treatment of several bacterial infections. To the novel inhibitors of AK, docking studies performed by using the 3D structure of Bacillus stearothermophilus adenylate kinase from protein data bank (IZIP). 46 Quinoxaline analogues...