The increasing frequency and scope of financial crises has made global financial stability one of the major concerns of economic policy and decision makers. Under this highly complex environment, financial and banking supervision has to be thought as a systemic task, focusing not only on the...

The increasing frequency and scope of financial crises have made global financial stability one of the major concerns of economic policy and decision makers. This has led to the understanding that financial and banking supervision has to be thought of as a systemic task, focusing on the...

Many models of market dynamics make use of the idea of conservative wealth exchanges among economic agents. A few years ago an exchange model using extremal dynamics was developed and a very interesting result was obtained: a self-generated minimum wealth or poverty line. On the other hand, the...

We study the effects of relaxational dynamics on the congestion pressure in general transport networks. We show that the congestion pressure is reduced in scale-free networks if a relaxation mechanism is utilized, while this is in general not the case for non-scale-free graphs such as random...

We consider the effect of network topology on the optimality of packet routing which is quantified by γc, the rate of packet insertion beyond which congestion and queue growth occurs. We show that for any network, there exists an absolute upper bound, expressed in terms of vertex separators,...

We calculate the θ-temperature and the associated critical exponents for the bond fluctuation polymer model of Carmesin and Kremer in two dimensions. The critical exponent values are in agreement with the theoretical predictions. We find that the extra mobility introduced by the flexible bond...

Due to abnormal mechanical instabilities, liquid bridges may form in the small airways blocking airflow. Liquid bridge ruptures during inhalation are the major cause of the crackling adventitious lung sound, which can be heard using a simple stethoscope. Recently, Vyshedskiy and colleagues...

We study auto-correlations and cross-correlations of daily price changes and daily volume changes of thirteen global stock market indices, using multifractal detrended fluctuation analysis (MF-DFA) and multifractal detrended cross-correlation analysis (MF-DXA). We find rather distinct...

A financial index of the New York stock exchange, the S&P500, is analyzed at 1 min intervals over the 13 yr period, January 84–December 96. We quantify the correlations of the absolute values of the index increment. We find that these correlations can be described by two different power laws...

In every drop of water, down at the scale of atoms and molecules, there is a world that can fascinate anyone. The objective of “Learning science through guided discovery: liquid water and molecular networks” is to use advanced technology to provide a window into the submicroscopic, and...