Author's Personal Copy Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk

Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk

We characterize the evolution over time of a credit network as a system of coupled stochastic processes, each one of which describes the dynamics of individual financial robustness. The coupling comes from the connectivity of the network, since each agents’ financial robustness is associated with the financial robustness of the partners through risk sharing, distress propagation and the bankrup...

Intercourse as Discourse: The Calculus of Objectification and Desire in the Novel and Film Versions of Les liaisons dangereuses

Author's Personal Copy Displacement Risk and Asset Returns

We study asset-pricing implications of innovation in a general-equilibrium overlappinggenerations economy. Innovation increases the competitive pressure on existing firms and workers, reducing the profits of existing firms and eroding the human capital of older workers. Due to the lack of inter-generational risk sharing, innovation creates a systematic risk factor, which we call ‘‘displacement ...

Author's Personal Copy Conditional Volatility and Correlations of Weekly Returns and the Var Analysis of 2008 Stock Market Crash☆

JEL classification: C51 C52 G11

Author's Personal Copy I Move, Therefore I Am: a New Theoretical Framework to Investigate Agency and Ownership Consciousness and Cognition Author's Personal Copy Author's Personal Copy Author's Personal Copy Author's Personal Copy Author's Personal Copy

The neurocognitive structure of the acting self has recently been widely studied, yet is still perplexing and remains an often confounded issue in cognitive neuroscience, psychopathology and philosophy. We provide a new systematic account of two of its main features, the sense of agency and the sense of ownership, demonstrating that although both features appear as phenomenally uniform, they ea...