Time-varying volatility in Canadian and U.S. stock index and index futures markets: A multivariate analysis

We use a multivariate generalized autoregressive heteroskedasticity model (M-GARCH) to examine three stock indexes and their associated futures prices: the New York Stock Exchange Composite, Standard and Poor's 500, and Toronto 35. The North American context is significant because markets in Canada and the United States share similar structures and regulatory environments. Our model allows examination of dependence in volatility as it captures time variation in volatility and cross-market influences. Estimated time-variation in volatility is significant, and the volatilities are highly positively correlated. Yet, we find that the correlation in North American index and futures markets has declined over time.Financial markets ; Futures ; Stock market

Guide to the study of auditing

A careful analysis of the leading text book on auditing arranged in question form for the purpose of facilitating study. Every page of the text book was carefully analyzed and special questions were prepared to bring out each important point mentioned so that the student is guided directly to the particular information he should secure from each chapter and, by endeavoring to answer the questions after completing a chapter, can readily determine the result of his effort. Instructors and students who are using this book find it invaluable

Time-varying volatility in Canadian and U.S. stock index and index futures markets: A multivariate analysis

We use a multivariate generalized autoregressive heteroskedasticity model (M-GARCH) to examine three stock indexes and their associated futures prices: the New York Stock Exchange Composite, Standard and Poor's 500, and Toronto 35. The North American context is significant because markets in Canada and the United States share similar structures and regulatory environments. Our model allows examination of dependence in volatility as it captures time variation in volatility and cross-market influences. Estimated time-variation in volatility is significant, and the volatilities are highly positively correlated. Yet, we find that the correlation in North American index and futures markets has declined over time

A Review of Social and Relational Aspects of Deep Brain Stimulation in Parkinson's Disease Informed by Healthcare Provider Experiences

Background. Although the clinical effectiveness of deep brain stimulation (DBS) in Parkinson's disease is established, there has been less examination of its social aspects. Methods and Results. Building on qualitative comments provided by healthcare providers, we present four different social and relational issues (need for social support, changes in relationships (with self and partner) and challenges with regards to occupation and the social system). We review the literature from multiple disciplines on each issue. We comment on their ethical implications and conclude by establishing the future prospects for research with the possible expansion of DBS for psychiatric indications. Conclusions. Our review demonstrates that there are varied social issues involved in DBS. These issues may have significant impacts on the perceived outcome of DBS by patients. Moreover, the fact that the social impact of DBS is still not well understood in emerging psychiatric indications presents an important area for future examination

Benchmarking quantum control methods on a 12-qubit system

In this letter, we present an experimental benchmark of operational control methods in quantum information processors extended up to 12 qubits. We implement universal control of this large Hilbert space using two complementary approaches and discuss their accuracy and scalability. Despite decoherence, we were able to reach a 12-coherence state (or 12-qubits pseudo-pure cat state), and decode it into an 11 qubit plus one qutrit labeled observable pseudo-pure state using liquid state nuclear magnetic resonance quantum information processors.Comment: 11 pages, 4 figures, to be published in PR

Recoil velocity at 2PN order for spinning black hole binaries

We compute the flux of linear momentum carried by gravitational waves emitted from spinning binary black holes at 2PN order for generic orbits. In particular we provide explicit expressions of three new types of terms, namely next-to-leading order spin-orbit terms at 1.5 PN order, spin-orbit tail terms at 2PN order, and spin-spin terms at 2PN order. Restricting ourselves to quasi-circular orbits, we integrate the linear momentum flux over time to obtain the recoil velocity as function of orbital frequency. We find that in the so-called superkick configuration the higher-order spin corrections can increase the recoil velocity up to about a factor 3 with respect to the leading-order PN prediction. Furthermore, we provide expressions valid for generic orbits, and accurate at 2PN order, for the energy and angular momentum carried by gravitational waves emitted from spinning binary black holes. Specializing to quasi-circular orbits we compute the spin-spin terms at 2PN order in the expression for the evolution of the orbital frequency and found agreement with Mik\'oczi, Vas\'uth and Gergely. We also verified that in the limit of extreme mass ratio our expressions for the energy and angular momentum fluxes match the ones of Tagoshi, Shibata, Tanaka and Sasaki obtained in the context of black hole perturbation theory.Comment: 28 pages (PRD format), 1 figure, reference added, version published in PRD, except that the PRD version contains a sign error: the sign of the RHS of Eqs.(4.26) and (4.27) is wrong; it has been corrected in this replacemen

Health care facility choice and user free abolition : regression discontinuity in a multinomial choice setting

We apply parametric and nonparametric regression discontinuity methodology within a multinomial choice setting to examine the impact of public health care user fee abolition on health facility choice using data from South Africa. The nonparametric model is found to outperform the parametric model both in- and out-of-sample, while also delivering more plausible estimates of the impact of user fee abolition (i.e., the `treatment e ect'). In the parametric framework, treatment e ects were relatively constant { around 10% { and that increase was drawn equally from home care and private care. On the other hand, in the nonparametric framework treatment e ects were largest for large (and poor) families located farther from health facilities { approximately 5%. More plausibly, the positive treatment e ect was drawn primarily from home care, suggesting that the policy favoured children living in poorer conditions, as those children received at least some minimum level of professional health care after the policy was implemented.Natural Sciences and Engineering Research Council of Canada (NSERC:www.nserc.ca) and the Social Sciences and Humanities Research Council of Canada (SSHRC:www.sshrc.ca).http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-985X2017-10-30hb201

2MASS NIR photometry for 693 candidate globular clusters in M31 and the Revised Bologna Catalogue

We have identified in the 2MASS database 693 known and candidate globular clusters in M31. The 2MASS J,H,K magnitudes of these objects have been transformed to the same homogeneous photometric system of existing near infrared photometry of M31 globulars, finally yielding J,H,K integrated photometry for 279 confirmed M31 clusters, 406 unconfirmed candidates and 8 objects with controversial classification. Of these objects 529 lacked any previous estimate of their near infrared magnitudes. The newly assembled near infrared dataset has been implemented into a revised version of the Bologna Catalogue of M31 globulars, with updated optical (UBVRI) photometry taken, when possible, from the most recent sources of CCD photometry available in the literature and transformed to a common photometric system. The final Revised Bologna Catalogue (available in electronic form) is the most comprehensive list presently available of confirmed and candidate M31 globular clusters, with a total of 1164 entries. In particular, it includes 337 confirmed GCs, 688 GC candidates, 10 objects with controversial classification, 70 confirmed galaxies, 55 confirmed stars, and 4 HII regions lying within ~3 deg. from the center of the M31 galaxy. Using the newly assembled database we show that the V-K color provides a powerful tool to discriminate between M31 clusters and background galaxies, and we identify a sample of 83 globular cluster candidates, which is not likely to be contaminated by misclassified galaxies.Comment: 9 pages,5 figures,accepted for publication in Astronomy & Astrophysics ASCII (commented) version of the tables 2,3,4 are available at http://www.bo.astro.it/M3

Association of type of birth attendant and place of delivery on infant mortality in sub-Saharan Africa

Objective: To examine the association between type of birth attendant and place of delivery, and infant mortality (IM).Methods: This cross-sectional study used self-reported data from the Demographic Health Surveys for women in Ghana, Kenya, and Sierra Leone. Logistic regression estimated odds ratios (ORs) and95% confidence intervals.Results: In Ghana and Sierra Leone, odds of IM were higher for women who delivered at a health facility versus women who delivered at a household residence (OR=3.18, 95% confidence interval, CI: 1.29-7.83, p=0.01 and OR=1.62, 95% CI: 1.15-2.28, p=0.01, respectively). Compared to the use of health professionals, the use of birth attendants for assistance with delivery was not significantly associated with IM for women in Ghana or Sierra Leone (OR=2.17, 95% CI: 0.83-5.69, p=0.12 and OR=1.25, 95% CI: 0.92-1.70, p=0.15, respectively). In Kenya, odds of IM, though nonsignificant, were lower for women who used birth attendants than those who used health professionals to assist with delivery (OR=0.85, 95% CI: 0.51-1.41, p=0.46), and higher with delivery at a health facility versus a household residence (OR=1.29, 95% CI: 0.81-2.03, p=0.28).Conclusions: Women in Ghana and Sierra Leone who delivered at a health facility had statistically significant increased odds of IM. Birth attendant type-IM associations were not statistically significant.Future research should consider culturally-sensitive interventions to improve maternal health and help reduce IM.Keywords: birth attendant, infant mortality, sub-Saharan Afric

Hamiltonian of a spinning test-particle in curved spacetime

Using a Legendre transformation, we compute the unconstrained Hamiltonian of a spinning test-particle in a curved spacetime at linear order in the particle spin. The equations of motion of this unconstrained Hamiltonian coincide with the Mathisson-Papapetrou-Pirani equations. We then use the formalism of Dirac brackets to derive the constrained Hamiltonian and the corresponding phase-space algebra in the Newton-Wigner spin supplementary condition (SSC), suitably generalized to curved spacetime, and find that the phase-space algebra (q,p,S) is canonical at linear order in the particle spin. We provide explicit expressions for this Hamiltonian in a spherically symmetric spacetime, both in isotropic and spherical coordinates, and in the Kerr spacetime in Boyer-Lindquist coordinates. Furthermore, we find that our Hamiltonian, when expanded in Post-Newtonian (PN) orders, agrees with the Arnowitt-Deser-Misner (ADM) canonical Hamiltonian computed in PN theory in the test-particle limit. Notably, we recover the known spin-orbit couplings through 2.5PN order and the spin-spin couplings of type S_Kerr S (and S_Kerr^2) through 3PN order, S_Kerr being the spin of the Kerr spacetime. Our method allows one to compute the PN Hamiltonian at any order, in the test-particle limit and at linear order in the particle spin. As an application we compute it at 3.5PN order.Comment: Corrected typo in the ADM Hamiltonian at 3.5 PN order (eq. 6.20