Loan and bond finance in Argentina, 1985-2005

Loan and bond finance during 1985-2005 can be divided into three sub-periods. After the 1982 debt crisis, which mainly involved domestic and foreign bank loans to both the corporate and government sectors, there was practically no credit. This situation of lack of credit persisted until the domestic economy was stabilized in 1991 with the Convertibility Plan, and foreign debt renegotiation was completed in 1993 with the Brady Plan. Loan finance recovered to unprecedented levels since the 1950s, and bond finance became for the first time an important financing vehicle for both the national government and large firms in the corporate sector. Credit came to a sudden stop in 2001, with widespread default on both corporate and government bonds. The 2001 debt crisis was not followed by runaway domestic inflation, and by 2005 Argentina was able to return to foreign capital markets.bank loans, sovereign bonds, provincial bonds, central bank bonds, corporate bonds, pension funds, yields, liquidity

Exploring two-spin internal linear combinations for the recovery of the CMB polarization

We present a methodology to recover cosmic microwave background (CMB) polarization in which the quantity $P = Q+ iU$ is linearly combined at different frequencies using complex coefficients. This is the most general linear combination of the $Q$ and $U$ Stokes parameters which preserves the physical coherence of the residual contribution on the CMB estimation. The approach is applied to the internal linear combination (ILC) and the internal template fitting (ITF) methodologies. The variance of $P$ of the resulting map is minimized to compute the coefficients of the linear combination. One of the key aspects of this procedure is that it serves to account for a global frequency-dependent shift of the polarization phase. Although in the standard case, in which no global E-B transference depending on frequency is expected in the foreground components, minimizing $\left\langle |P|^2\right\rangle$ is similar to minimizing $\left\langle Q^2\right\rangle$ and $\left\langle U^2\right\rangle$ separately (as previous methodologies proceed), multiplying $Q$ and $U$ by different coefficients induces arbitrary changes in the polarization angle and it does not preserve the coherence between the spinorial components. The approach is tested on simulations, obtaining a similar residual level with respect to the one obtained with other implementations of the ILC, and perceiving the polarization rotation of a toy model with the frequency dependence of the Faraday rotation.Comment: 14 pages, 8 figures, 2 tables. Accepted for publication in MNRA

Searching for a dipole modulation in the large-scale structure of the Universe

Several statistical anomalies in the CMB temperature anisotropies seem to defy the assumption of a homogeneous and isotropic universe. In particular, a dipole modulation has been detected both in WMAP and Planck data. We adapt the methodology proposed by Eriksen et al. (2007) on CMB data to galaxy surveys, tracing the large-scale structure. We analyse the NRAO VLA Sky Survey (NVSS) data at a resolution of ~2 degrees for three different flux thresholds: 2.5, 5.0 and 10.0 mJy respectively. No evidence of a dipole modulation is found. This result suggests that the origin of the dipole asymmetry found in the CMB cannot be assigned to secondary anisotropies produced at redshifts around z = 1. However, it could still have been generated at redshifts higher or lower, such as the integrated Sachs-Wolfe effect produced by the local structures. Other all-sky surveys, like the infrared WISE catalogue, could help to explore with a high sensitivity a redshift interval closer than the one probed with NVSS.Comment: 6 pages, 2 figures. Some minor changes have been done from the original manuscript. This paper is accepted by MNRA

Modelizacion de un DSS para la gestión de productos perecederos

La gestión de inventarios de productos perecederos ha atraído desde hace tiempo la atención de los investigadores de Dirección de Operaciones. En este artículo se presenta la modelización e implementación de un sistema de apoyo a la toma de decisiones (DSS) para la gestión de productos perecederos, aplicado a la distribución interhospitalaria de hemoderivados. En estos casos se trata de satisfacer en lo posible las demandas, tratando de evitar a la vez la caducidad de los productos en manos de los clientes (los cuales teóricamente no sufren coste extra por sobrestock). Dada la naturaleza multicriterio del problema, para la modelización se ha usado goal programming, con resultados que en casos concretos permiten reducciones considerables en la cantidad de productos inutilizables

Quark model derivation of a NN* (1440) potential

We derive a $NN^*$(1440) potential from a non-relativistic quark-quark interaction and a chiral quark cluster model for the baryons. By making use of the Born-Oppenheimer approximation we examine the most important features of this interaction in comparison to those obtained from meson-exchange models.Comment: 4 pages, 1 fig. Contribution to the XVII European Conference in Few-Body problems in physics. September 2000, Evora (Portugal). To appear in the proceedings in Nucl. Phys.