This paper provides an insight into the level of economic and monetary integration in Europe by analysing the degree of growth cycle synchronisation between seven European countries over the past thirty years. Two univariate trend-cycle decomposition methodologies, the Beveridge–Nelson (BN)...

In this paper we investigate the approximations for the distribution function of a sum S of lognormal random variables. These approximations are obtained by considering the conditional expectation E[SΛ] of S with respect to a conditioning random variable Λ.The choice of Λ is crucial in order...

We study the thermal transport through a quantum spin-1/2 chain heterostructure, which consists of a finite-size chain with two-site isotropic XY interaction and three-site XZX+YZY interaction coupled at its ends to two semi-infinite isotropic XY chains. After performing Jordan-Wigner...

With the aid of the Schwinger-boson mean-field method, we study the low-lying excitations and thermodynamic properties of a ferrimagnetic Heisenberg two-leg ladder (i.e., a ferrimagnetic double-chain with an antiferromagnetic interaction). The interaction between the two chains plays an...

During the three flood seasons following the Wenchuan earthquake in 2008, two catastrophic groups of debris flow events occurred in the earthquake-affected area: the 2008-9-24 debris flow events, which had a serious impact on rebuilding; and the 2010-8-13/14 debris flow events, which destroyed...

In this paper, we investigate static super-replicating strategies for European-type call options written on a weighted sum of asset prices. This class of exotic options includes Asian options and basket options among others. We assume that there exists a market where the plain vanilla options on...