Innovative transition matrix techniques are used to compare extreme credit risk for Australian and US companies both prior to and during the global financial crisis (GFC). Transition matrix methodology is traditionally used to measure Value at Risk (VaR), a measure of risk below a specified...

In this paper, conceptual modeling as well as numerical simulation of two-phase flow in deep, deformable geological formations induced by CO2 injection are presented. The conceptual approach is based on balance equations for mass, momentum and energy completed by appropriate constitutive...