This chapter explains how the movie industry has to face new challenges closely related to globalization, technology innovation (digitization), industrial convergence, and new consumer demand since the end of the 1990s. Market has evolved towards an oligopolistic structure, and technology changes are affecting both content production and distribution. Consequently, this sector has been confront...

In order to clear a new product or market, the key factor a CCP must consider is its ability to manage the risks the product or market presents including the risk of default. This would normally require: the CCP has access to accurate pricing and valuation data; a degree of contract standardisation; and sufficiently deep liquidity in the market (or in sufficiently close hedges) to facilitate de...

We develop a rigorous theory of observation for dynamical systems in Hilbert spaces. This work generalizes the results of Ott and Yorke [8] for dynamical systems in Rn.

Financial institutions are increasingly using XML as a de-facto standard to represent and exchange information about their products and services. Their aim is to process transactions quickly, cost-effectively, and with minimal human intervention. Due to the nature of the financial industry, inconsistencies inevitably appear throughout the lifetime of a financial transaction and their resolution...

The underlying premise in most failure studies is that there exists a group of accounting and financial ratios of firms which distinguishes failed firms from nonfailed firms. Ex post facto classification analysis of OTC marker data one year, two years, three years, and four years prior to failure was used. Models incorporating Altman's variables were developed using discriminant, logit, and nea...

The popularity of online games has inspired controversial discussion on the effects of game-play in both mass media and academia. However, we know little about ordinary people’s opinions about the effects of game-play. The current study applies the theory of the third-person effect (TPE) to examine people’s perceptions of game effects on self and on others, and detects significant third-person ...

In a previous paper, Bhaduri and Whelan (2008), we presented a simple model of hedge fund liquidity. That paper explored the fact that not being able to pull one’s money out of an investment instantaneously at a fair price can have a powerful impact on the portfolio. Real world examples include the 1993 Metallgesellschaft debacle (Smithson, 1998) and the recent difficulties experienced by the B...

urveillance of over-the-counter (OTC) pharmaceutical sales may someday be used to give public health offi cials an early warning about developing public health conditions. To acquire confi dence in this surveillance, it is necessary to establish fi rmly that OTC sales may be used to predict changes in clinical conditions with a useful time lead. This article reports the magnitude of correlation...

2014 Absorption measurements performed by means of photoacoustic absorption (PAA)-technique in wedge-shaped TiO2’ Ta2O5, and ZrO2 single-layer films at 03BB = 488 nm, 515 nm, and 647 nm permit a separate determination of bulk and interface absorption, respectively. For TiO2 and Ta2O5 films investigated the filmsubstrate interface absorption Afs dominates over the air-film interface absorption A...

During the recent debt crisis in Europe, policy makers responded to the controversy surrounding CDS by implementing a series of policies that banned CDS trading. Sambalaibat (2014) documents that a temporary CDS ban increased bond market liquidity but a permanent ban instead decreased bond market liquidity. To explain these patterns, I build a search-theoretic model of OTC bond and CDS markets ...