Search results for "basel"
showing 10 items of 332 documents
The impact of quantitative easing on UK bank lending: Why banks do not lend to businesses?
2021
Abstract The growing proportion of UK bank lending to the financial sector reached a peak in 2007 just before the onset of the Global Financial Crisis (GFC). This marks a trend in the dwindling amount of bank lending to private sector non-financial corporations (PNFCs), which was exacerbated with the Great Recession. Many central banks aimed to revive bank lending with quantitative easing (QE) and unconventional monetary policy. We propose an agent based computational economics (ACE) model which combines the main factors in the economic environment of QE and Basel regulatory framework to analyse why UK banks do not prioritize lending to non-financial businesses. The lower bond yields caused…
THEMIS: A Parameter Estimation Framework for the Event Horizon Telescope
2020
This is an open access article.-- Full list of authors: Broderick, Avery E.; Gold, Roman; Karami, Mansour; Preciado-López, Jorge A.; Tiede, Paul; Pu, Hung-Yi; Akiyama, Kazunori; Alberdi, Antxon; Alef, Walter; Asada, Keiichi; Azulay, Rebecca; Baczko, Anne-Kathrin; Baloković, Mislav; Barrett, John; Bintley, Dan; Blackburn, Lindy; Boland, Wilfred; Bouman, Katherine L.; Bower, Geoffrey C.; Bremer, Michael; Brinkerink, Christiaan D.; Brissenden, Roger; Britzen, Silke; Broguiere, Dominique; Bronzwaer, Thomas; Byun, Do-Young; Carlstrom, John E.; Chael, Andrew; Chatterjee, Shami; Chatterjee, Koushik; Chen, Ming-Tang; Chen, Yongjun; Cho, Ilje; Conway, John E.; Cordes, James M.; Crew, Geoffrey B.; Cu…
Astrometric detection of a low-mass companion orbiting the star AB Doradus
1997
International audience; We report submilliarcsecond-precise astrometric measurements for the late-type star AB Doradus via a combination of VLBI (very long baseline interferometry) and HIPPARCOS data. Our astrometric analysis results in the precise determination of the kinematics of this star, which reveals an orbital motion readily explained as caused by gravitational interaction with a low-mass companion. From the portion of the reÑex orbit covered by our data and using a revised mass of the primary star (0.76 M _) derived from our new value of the parallax (66.3 mas \ n \ 67.2 mas), we Ðnd the dynamical mass of the newly discovered companion to be between 0.08 and 0.11 If accurate photom…
What is in our seas? Assessing anthropogenic litter on the seafloor of the central Mediterranean Sea
2020
Abstract Abundance, composition, and distribution of macro-litter found on the seafloor of the Strait of Sicily between 10 and 800 m depth has been studied using data collected by bottom trawl surveys MEDITS from 2015 to 2019. Three waste categories based on the items use were considered: single-use, fishing-related and generic-use. Over 600 sampling sites, just 14% of these were litter-free. The five-years average density of seafloor litter was 79.6 items/km2 and ranged between 46.8 in 2019 and 118.1 items/km2 in 2015. The predominant waste type was plastic (58% of all items). Regardless of material type, single-use items were a dominant (60% of items) and widespread (79% of hauls) fractio…
Towards Understanding the Interconnection between Celestial Pole Motion and Earth’s Magnetic Field Using Space Geodetic Techniques
2021
The understanding of forced temporal variations in celestial pole motion (CPM) could bring us significantly closer to meeting the accuracy goals pursued by the Global Geodetic Observing System (GGOS) of the International Association of Geodesy (IAG), i.e., 1 mm accuracy and 0.1 mm/year stability on global scales in terms of the Earth orientation parameters. Besides astronomical forcing, CPM excitation depends on the processes in the fluid core and the core–mantle boundary. The same processes are responsible for the variations in the geomagnetic field (GMF). Several investigations were conducted during the last decade to find a possible interconnection of GMF changes with the length of day (…
First M87 Event Horizon Telescope Results. II. Array and Instrumentation
2019
The Event Horizon Telescope (EHT) is a very long baseline interferometry (VLBI) array that comprises millimeter- and submillimeter-wavelength telescopes separated by distances comparable to the diameter of the Earth. At a nominal operating wavelength of ~1.3 mm, EHT angular resolution (λ/D) is ~25 μas, which is sufficient to resolve nearby supermassive black hole candidates on spatial and temporal scales that correspond to their event horizons. With this capability, the EHT scientific goals are to probe general relativistic effects in the strong-field regime and to study accretion and relativistic jet formation near the black hole boundary. In this Letter we describe the system design of th…
A tough travesía: Mobility constraints among late Holocene Patagonian hunter-gatherers through oxygen stable isotopes in enamel and water sources
2020
Central-eastern North Patagonia is characterized by a severe environmental fragmentation due to the scarce and heterogeneous distribution of fresh water. The main local wet zones, the Negro and Colorado river valleys in the North and the Somuncura Foothills in the South are separated by a large and harsh dry land, the travesia. In this paper, we assess the effects of this environmental fragmentation in the mobility of the Late Holocene hunter-gatherers through the analysis of the stable isotopes of oxygen in both enamel and water sources. We analyzed the δ18O of the enamel carbonate of 64 human teeth from 42 individuals from the Negro River valley (n = 30) and the Somuncura Foothills (n = 1…
Understanding the uncertainty in global forest carbon turnover
2020
Abstract. The length of time that carbon remains in forest biomass is one of the largest uncertainties in the global carbon cycle, with both recent historical baselines and future responses to environmental change poorly constrained by available observations. In the absence of large-scale observations, models used for global assessments tend to fall back on simplified assumptions of the turnover rates of biomass and soil carbon pools. In this study, the biomass carbon turnover times calculated by an ensemble of contemporary terrestrial biosphere models (TBMs) are analysed to assess their current capability to accurately estimate biomass carbon turnover times in forests and how these times a…
Spatial Variation of Leaf Optical Properties in a Boreal Forest Is Influenced by Species and Light Environment
2017
Leaf Optical Properties (LOPs) convey information relating to temporally dynamic photosynthetic activity and biochemistry. LOPs are also sensitive to variability in anatomically related traits such as Specific Leaf Area (SLA), via the interplay of intra-leaf light scattering and absorption processes. Therefore, variability in such traits, which may demonstrate little plasticity over time, potentially disrupts remote sensing estimates of photosynthesis or biochemistry across space. To help to disentangle the various factors that contribute to the variability of LOPs, we defined baseline variation as variation in LOPs that occurs across space, but not time. Next we hypothesized that there wer…
Leaf-Level Spectral Fluorescence Measurements : Comparing Methodologies for Broadleaves and Needles
2019
Successful measurements of chlorophyll fluorescence (ChlF) spectral properties (typically in the wavelength range of 650–850 nm) across plant species, environmental conditions, and stress levels are a first step towards establishing a quantitative link between solar-induced chlorophyll fluorescence (SIF), which can only be measured at discrete ChlF spectral bands, and photosynthetic functionality. Despite its importance and significance, the various methodologies for the estimation of leaf-level ChlF spectral properties have not yet been compared, especially when applied to leaves with complex morphology, such as needles. Here we present, to the best of our knowledge, a first comparison of …