Financial crises of the magnitude that caused the ongoing Great Recession are relatively rare but dramatic and socially costly events. As was the case with the 1990s emerging markets crises or the Great Depression of the 1930s, the Great Recession was preceded by prolonged booms in credit, economic activity and asset prices, followed by a sharp, sudden crash. This observation has made policymak...

In this work, we present a discrete time modeling framework, in which the shape and dynamics of a Limit Order Book (LOB) arise endogenously from an equilibrium between multiple market participants (agents). The new framework captures very closely the true, micro-level, mechanics of an auction-style exchange. At the same time, it uses the standard abstractions of a continuum-player game to obtai...

Four strains isolated in the last 15 years were revealed to be identical in their 16S rRNA gene sequences to MCRO19, the sequence of which was deposited in GenBank in 1995. In a polyphasic analysis including phenotypic and genotypic features, the five strains (including MCRO19), which had been isolated in four European countries, turned out to represent a unique taxonomic entity. They are scoto...

In this work, we present a discrete time modeling framework, in which the shape and dynamics of a Limit Order Book (LOB) arise endogenously from an equilibrium between multiple market participants (agents). We use the proposed modeling framework to analyze the effects of trading frequency on market liquidity in a very general setting. In particular, we demonstrate the dual effect of high tradin...

We report on the metagenome of a deep subsurface aquifer in the Tomsk region of Russia, sampled via an oil exploration borehole drilled to a depth of 2.8 km. Methanogenic archaea were present in the water along with members of various bacterial phyla, including Firmicutes, Chloroflexi, Bacteroidetes, Ignavibacteriae, and uncultured candidate divisions.

This study presents the isolation and molecular characterization of bacterial strains utilizing 1, 7, 7-Trimethylbicyclo (2.2.1) heptane-2-one (camphor) as a sole source of carbon, isolated from the biomass sludge sample collected from an effluent treatment plant of Mathura Refinery Limited (MRL), India. Initial screening was carried out where the 16S rDNA PCR was performed using reported eubac...

Parthenium sp. is a noxious weed which threatens the environment and biodiversity due to its rapid invasion. This lignocellulosic weed was investigated for its potential in biofuel production by subjecting it to mild alkali pretreatment followed by enzymatic saccharification which resulted in significant amount of fermentable sugar yield (76.6%). Optimization of enzymatic hydrolysis variables s...

The study of sexual reproductive behavior supported by ultrastructural evidence is important in rotifers to describe differences among potential cryptic species. In this research, the morphology of the rotifer Brachionus bidentatus is described at the ultrastructural level, using electronic microscopy, together with a brief description and discussion of its sexual reproductive behavior. The cha...