We examine the role of macroeconomic ‡uctuations, asset market liquidity, and network structure in determining contagion and aggregate losses in a …nancial system. Systemic instability is explored in a …nancial network comprising three distinct, but interconnected, sets of agents – domestic banks, international …nancial institutions, and …rms. Calibrating the model to advanced country banking s...

It has been recently discovered that the trapped electron mode (TEM) may play an important role in the H mode edge plasma for domestic tokamaks such as EAST and HL-2A. The stability and transport for TEM for the edge parameters are studied using large scale gyrokinetic particle simulations. The gyrokinetic simulation reveals the parametric dependences on the wavelength and collisionality. The b...

This paper investigates the effects of bank internationalization on risk-taking. We find that internationalization increases bank risk-taking: the Z-score of US banks that engage in foreign activities is lower than that of their purely domestic peers. The results are consistent with the empirical dominance of the market risk hypothesis, whereby internationalization increases banks’ risk due to ...

Microbial Fuel Cells (MFCs) represent a still relatively new technology for liquid organic waste treatment and simultaneous recovery of energy and resources. Although the technology is quite appealing due its potential benefits, its practical application is still hampered by several drawbacks, such as systems instability (especially when attempting to scale-up reactors from laboratory prototype...

In this study, we look at the relationship between export stability, investment and economic growth in nine Asian countries using time series data. The few previous time series studies in this area have not paid any attention to stationarity and cointegration issues. We find that in most cases, the variables are non-stationary in their levels and not cointegrated. These results raise serious do...