David Hume’s value theory—in particular, his theory of prudential value or self-interest—is rarely investigated in any depth. Though he makes a number of claims about what is in someone’s interest (including his discussion of the prudential value of the virtues in the second Enquiry1), there is very little material in Hume’s philosophic writing that yields a clear statement of his theory of wha...

Inducing disjunctive and iterative macro-operators from empirical problem-solving traces provides a more powerful knowledge compilation method than simple linear macro-operators. Whereas earlier work focused on when to create iterative macro-operators, this paper addresses how to form them, combining proven optimization methods such as extraction of loop invariants, with techniques for further ...

Traditional banking is built on four pillars: SME lending, access to public liquidity, deposit insurance, and prudential supervision. This vision has been shattered by repeated bailouts of shadow financial institutions. This paper puts “special depositors and borrowers” at the core of the analysis, provides a rationale for the covariation yielding the quadrilogy, and analyzes how prudential reg...

Analytics-a new frontier in claims management Insurers are facing a perfect storm, making sustainable profits even more challenging Four key trends are driving this event: ► An increase in the number and severity of natural disasters, which is driving up claims and reinsurance costs; ► Requirements to satisfy new prudential regulations will result in increased capital adequacy requirements; ► V...

Alas, to a prudential regulator, the paper reads as an ‘ode to futility’! Prudential regulators, we are told, are unable to predict future asset prices and volatility, are underpaid and under-resourced, and are unable to understand the inner workings of complex fi nancial institutions. The paper is also critical of regulatory approaches to capital adequacy, particularly the new Basel II Framewo...

OBJECTIVE Evaluate the effectiveness of a simple rule-based approach in classifying medical discharge summaries according to indicators for obesity and 15 associated co-morbidities as part of the 2008 i2b2 Obesity Challenge. METHODS The authors applied a rule-based approach that looked for occurrences of morbidity-related keywords and identified the types of assertions in which those keywords o...

Purpose This paper aims to present an analysis of the UK bank loans and deposits in tandem, linking loan-to-deposit (LTD) ratio macroprudential policy funding restrictions. LTD is used by micro authorities address both structural (long-term) cyclical (short-term) liquidity risks. It outcome several political economic factors should be evaluated against this background. Design/methodology/approa...

Abstract This paper considers the implications of counter-cyclical loan-to-value (CcLTV) regulation in a setting where different types borrowers from distinct sectors credit market co-exist. We consider two macro-prudential policy regimes, namely generic and sector-specific. find that both regimes are more effective than baseline regime (constant LTV ratios) stabilising macroeconomic financial ...