Let X be a semi-fractional Brownian sheet, that is a centred and continuous Gaussian random field with . We provide, for [alpha][set membership, variant](0,2), an analysis of the propagation of singularities into the fractional direction of X. Here, singularities are times where the law of the...

This paper develops a model of financial institutions that borrow short- term and invest into long-term marketable assets. Because these financial intermediaries perform maturity transformation, they are subject to runs. We endogenize the profits of the intermediary and derive distinct liquidity...

A major lesson of the recent financial crisis is that the interbank lending market is crucial for banks facing large uncertainty regarding their liquidity needs. This paper studies the efficiency of the interbank lending market in allocating funds. We consider two different types of liquidity...

This survey presents cutting planes that are useful or potentially useful in solving mixed integer programs. Valid inequalities for i) general integer programs, ii) problems with local structure such as knapsack constraints, and iii) problems with 0-1 coefficient matrices, such as set packing,...

The study examines corporate culture as reflected by the vision, and value statements communicated on web pages. A qualitative comparative analysis based on sample of private sector organizations in the U.S., France and Spain disclosed interesting patterns and national variations in what...