This paper investigates the long-run recovery experience of US banks that received capital infusions under the Capital Purchase Program (CPP), a part of the Troubled Asset Relief Program (TARP). Based on a dynamic recovery model, our results show that recovering CPP banks tended to be in better...

Image enhancement is used to correct contrast deficiencies and to improve the quality of an image. It is essential and critical to extracting features and segmenting images. This paper presents a novel contrast enhancement algorithm based on newly defined texture histogram and fuzzy entropy with...

Partial differential equations (PDE) have been successfully and widely applied to image processing and computer vision. Anisotropic diffusion is an approach to remove noise based on nonlinear PDE. Many anisotropic methods have been studied; however, they suffer two major drawbacks: blurring and...

We examine the relation between the cross-section of US stock returns and foreign exchange rates during the period from 1973 to 2002. We find that stocks most sensitive to foreign exchange risk (in absolute value) have lower returns than others. This implies a non-linear, negative premium for...

We introduce a flexible copula-based semi-parametric test of financial contagion that is capable of capturing structural shifts in the transmission channel of shocks across a network of financial markets beyond the increase in the intensity of time-varying dependence. We illustrate the...