Purpose – The purpose of this paper is to show that subordinated debt regulatory proposals assume that transactions in the secondary market of subordinated debt can attenuate moral hazard on the part of management if secondary market prices are informative signals of the risk of the...

In recent times, sun tracking systems are being increasingly employed to enhance the efficiency of photovoltaic panels by constantly tracking the elevation and azimuth angles of the sun. In this paper, a novel adaptive digital signal processing and control algorithm is presented that optimizes...

We demonstrate that the methods of signal (time series) analysis developed in nonlinear and symbolic dynamics when applied to financial data in Econophysics give new possibilities of interpretation of those data. Analogies with interpretation of biosignals in Medical Physics may be observed....

Technical analysis is defined as the tracking and prediction of asset price movements using charts and graphs in combination with various mathematical and statistical methods. More precisely, it is the quantitative criteria used in predicting the relative strength of buying and selling forces...

According to the macro-econometric literature, the impact of exogenous oil price shocks on Inflation have greatly increased in the last two decades throughout OECD countries while the persistence of those shocks on long-term inflation, namely core inflation, has dramatically decreased. In the...

The phenomenon of stochastic resonance (SR) is reported in a completely noise-free situation, with the role of thermal noise being taken by low-dimensional chaos. A one-dimensional, piecewise linear map and a pair of coupled excitatory-inhibitory neurons are the systems used for the...

The characteristics of the strong ground motion accelerograms from the 1999 Kocaeli earthquake are investigated in detail in this study. The emphasis is on the comparison of the response spectra for the fault normal (FN) and fault parallel (FP) components of the ground motions. The results show...