4,162 research outputs found

    Ethics for Examiners

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    The inquisitorial bankruptcy examiner is sui generis in our system. He faces unique ethical quandaries and considerations, which require a code of ethics tailored to his role if he is to achieve fully the promise of improving Chapter 11 through the introduction of inquisitorial investigative methods. This Article attempts to point the way toward guidelines that will regulate the conduct of examiners to mitigate real, potential, and perceived abuses

    Prepayment Behavior of Dutch Mortgagors: An Empirical Analysis

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    The booming Dutch mortgage market and the development of a promising secondary mortgage market in the Netherlands stress the need for an accurate mortgage prepayment model that incorporates typical Dutch market and contract characteristics.One of those typical Dutch features prescribes that each calendar year the mortgagor is allowed to prepay penalty-free 10 to 20 percent of the original loan amount.As a consequence, Dutch mortgagees suffer a loss when borrowers prepay their loans.This risk, once again, underlines the importance of a prepayment model that focuses on the Dutch market.To derive such model we use historical data on mortgages originated between January 1989 and June 1999.We estimate separate models for two popular redemption types: savings mortgages and interest-only mortgages.In both models we allow for suboptimal prepayment behaviour.The results clearly indicate that prepayment rates depend on interest rates and the age of the mortgage contract.Moreover, Dutch prepayment rates peak in the month December.mortgages;econometric models

    OCT for glaucoma diagnosis, screening and detection of glaucoma progression.

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    Optical coherence tomography (OCT) is a commonly used imaging modality in the evaluation of glaucomatous damage. The commercially available spectral domain (SD)-OCT offers benefits in glaucoma assessment over the earlier generation of time domain-OCT due to increased axial resolution, faster scanning speeds and has been reported to have improved reproducibility but similar diagnostic accuracy. The capabilities of SD-OCT are rapidly advancing with 3D imaging, reproducible registration, and advanced segmentation algorithms of macular and optic nerve head regions. A review of the evidence to date suggests that retinal nerve fibre layer remains the dominant parameter for glaucoma diagnosis and detection of progression while initial studies of macular and optic nerve head parameters have shown promising results. SD-OCT still currently lacks the diagnostic performance for glaucoma screening

    Bisimilarity of Open Terms in Stream GSOS

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    Stream GSOS is a specification format for operations and calculi on infinite sequences. The notion of bisimilarity provides a canonical proof technique for equivalence of closed terms in such specifications. In this paper, we focus on open terms, which may contain variables, and which are equivalent whenever they denote the same stream for every possible instantiation of the variables. Our main contribution is to capture equivalence of open terms as bisimilarity on certain Mealy machines, providing a concrete proof technique. Moreover, we introduce an enhancement of this technique, called bisimulation up-to substitutions, and show how to combine it with other up-to techniques to obtain a powerful method for proving equivalence of open terms

    Mine and me: exploring the neural basis of object ownership.

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