The post 2008 financial crisis reform package includes the bank resolution framework. Among other measures, it foresees that failing banks should be left under insolvency proceedings, unless they meet their salvage is in the public interest. The Bank Recovery and Resolution Directive defines the...

Between 2013 and 2020 the EU set up a complex institutional system to select and support the implementation of energy infrastructure projects that are of European interest (PCIs). EUR 1.4 billion EU support was awarded to 16 natural gas projects between 2014 and 2019, most of them are still...

The formation and characteristics of the modern territorial state (Westphalian state, nation-state) have been researched extensively and deeply in historiography and social sciences. The rise of globalization and the decline of the Westphalian state shed new light on the problem of the European...

Isothermal compression experiments were performed on the EA4T alloy at different strain rates (0.01s-1,0.1s-1,0.5s-1, and 1s-1) and different temperatures (950,1000,1050, and 1100℃). Based on the true stress-strain curves, the strain-related Arrhenius constitutive model and Hensel-Spittel...

Townsend breakdown mechanism in argon gas by considering the effects of the non-uniformity of electric field, the loss of electrons due to radial diffusion, and the applied axial magnetic field has been discussed and an analytical expression has been derived for the breakdown voltage. It was...

The confidence interval is an important statistical estimator of population location and dispersion parameters. The paper considers a robust modified confidence interval, which is an adjustment of the Student's t confidence interval based on the decile mean and decile standard deviation for...

This paper studies the portfolio constructed by a correlation-based momentum strategy in both Chinese and American stock markets. By applying eight different correlations to return and other indicators, it is found that Pearson correlation gives the highest value between return and volatility,...

This essay theoretically predicts how a novel currency proposed to enhance the creation and implementation of intellectual properties would act as monetary measures. To this end, the earlier part briefly reviews the proposal, followed by introducing concepts of a canonical ensemble of the...

Both monetary Keynesian theory and modern monetary theory (MMT) place money at the center of the analysis and highlight the important economic role of the state in a monetary market economy in which full employment is neither the norm nor the center of gravity. Whereas monetary Keynesian theory...

This paper posits an information channel as the explanation for sudden inflations. Consumers saving via nominal government bonds face a choice whether to acquire costly information about future government surpluses. They trade off the cost of acquiring information about the surpluses that back...