The paper by Heider and Hoerova (2009) is ambitious. It studies the interaction between secured interbank lending, unsecured interbank lending, and banks’ portfolio choices. It is motivated by a puzzling empirical observation, namely the “decoupling of secured and unsecured lending rates” in the Great Financial Crisis of 2007–09. The observation made by Heider and Hoerova is that on August 9, 2...

Hudson prongs (Hudson RCI, Teleflex Medical, Research Triangle Park, North Carolina) (a device to deliver nasal continuous positive airway pressure) are often secured with a "Velcro mustache" in neonatal intensive care units. We report 2 premature infants who required bag-and-mask ventilation while on Hudson prongs secured with a Velcro mustache. Effective ventilation was achieved only after re...

Personal bankruptcy makes ...nancial contracts hard to enforce puts because it weakens the punishment technologies available to creditors. I consider a generic endowment economy in which agents trade a complete set of contingent claims. As in Alvarez and Jermann (2000), these contracts are not enforceable. In this model, when households default, they cannot be excluded from ...nancial markets b...

This paper contains a complications related to access systems and their functionality. Several cryptographic algorithms were implemented using the public library Lib-Tom-Crypt and benchmarked on an ARM7-processor platform. The common coding schemes in use were ECC and RSA (asymmetric coding schemes), AES, 3DES and two fish (symmetric algorithms). The benchmark considered both code size and spee...