This paper investigates the relative role of price discovery between two long-term swap contracts that exchange U.S. dollars for Japanese yen – the cross-currency basis swap and the foreign exchange (FX) swap – using structural state space models. Our main findings are that: (i) the currency swap market plays a much more dominant role in price discovery than the FX swap market; and (ii) FX swap...

We introduce a recoupling theory for virtual braided trees. This recoupling theory can be utilized to incorporate swap gates into anyonic models of quantum computation. 1 Classical Trees Louis Kauffman and Sam Lomonaco reconstructed the Fibonacci model of quantum computation in [7] by applying the 2-strand Temperly-Lieb recoupling and the skein relation to braided trees. (The original Fibonacci...

Many deepfake techniques in the early years are spread to create successful videos (i.e., Face Swap, Deep Fake, etc.). These methods enable anyone manipulate faces videos, which can negatively impact society. One way reduce this problem is detection. It has become such a hot topic and most crucial task recent years. This paper proposes deep learning model detect evaluate video using convolution...

Spontaneous maturation observed in dendritic cell (DC) cultures has been linked to their capacity to induce immune responses. Despite several recent studies, the mechanisms and signals triggering spontaneous maturation of DCs are largely unknown. We found that the absence of SWAP-70 causes spontaneous maturation of spleen- and bone marrow-derived DCs and, in vivo, of spleen-resident CD11c(+)CD1...

This review of the pricing of credit swaps, a form of derivative security that can be viewed as default insurance on loans or bonds, begins with a description of the credit swap contract, turns to pricing by reference to spreads over the risk-free rate of par floating-rate bonds of the same quality, and then considers model-based pricing. The role of asset swap spreads as a reference for pricin...

In this paper we develop a tractable structural model with analytical default probabilities depending on some dynamics parameters, and we show how to calibrate the model using a chosen number of Credit Default Swap (CDS) market quotes. We essentially show how to use structural models with a calibration capability that is typical of the much more tractable credit-spread based intensity models. W...