This paper extends traditional payment system simulation analysis to counterparty liquidity risk exposures. The used stress test scenario corresponds to the counterparty stress scenario applied in the BCBS standard "Monitoring tools for intraday liquidity management" (BIS, 2013). This stress...

Many urban regions in the U.S. are planning to build extensive networks of new high-occupancy 3ehicle (HOV) freeway lanes. Past modelling efforts are reviewed and travel demand simulations by the authors are used to demonstrate that new HOV lanes may increase travel (vehicle-miles) and increase...