Dimensions and Determinants of Financialisation: Comparing OECD Countries since 1997

The financialisation literature has grown over the past decades. Despite a generally accepted definition, financialisation has been used to describe different phenomena. We distinguish between financialisation of non-financial companies, households and the financial sector and use activity and vulnerability measures. We identify seven financialisation hypotheses in the literature and empirically investigate them in a cross-country analysis for 17 OECD countries and two time periods, 1997–2007 as well as 2008–17. We find different financialisation measures are only weakly correlated, suggesting the existence of distinct financialisation processes. There is strong evidence that financialisation is linked to asset price inflation and correlated with a debt-driven demand regime. Financial deregulation encourages financialisation. There is limited evidence that market-based financial systems are more financialised. Foreign financial inflows do not seem a main driver. We do not find indication that an investment slowdown precedes financialisation. Our findings suggest financialisation should be understood as a variegated process, playing out differently across economic sectors and countries

The Three-Nucleon System Near the N-d Threshold

The three-nucleon system is studied at energies a few hundred keV above the N-d threshold. Measurements of the tensor analyzing powers $T_{20}$ and $T_{21}$ for p-d elastic scattering at $E_{c.m.}=432$ keV are presented together with the corresponding theoretical predictions. The calculations are extended to very low energies since they are useful for extracting the p-d scattering lengths from the experimental data. The interaction considered here is the Argonne V18 potential plus the Urbana three-nucleon potential. The calculation of the asymptotic D- to S-state ratio for $^3$H and $^3$He, for which recent experimental results are available, is also presented.Comment: Latex, 11 pages, 2 figures, to be published in Phy.Lett.

Recoil Ranges of Nuclei Produced in Proton-Induced Reactions

This work was supported by National Science Foundation Grant PHY 76-84033 and Indiana Universit

Evidence for Three Nucleon Force Effects in p-d Elastic Scattering

A new measurement of the p-d differential cross section at Ep= 1 MeV has been performed. These new data and older data sets at energies below the deuteron breakup are compared to calculations using the two-nucleon Argonne v18 and the three-nucleon Urbana IX potentials. A quantitative estimate of the capability of these interactions to describe the data is given in terms of a chi^2 analysis. The chi^2 per datum drastically improves when the three-nucleon interaction is included in the Hamiltonian.Comment: 13 pages, 5 figures, to be published in Phys. Rev.

Intermediate-mass-fragment Production in the Reaction of 200 MeV 3-He with Ag

This research was sponsored by the National Science Foundation Grant NSF PHY 87-1440

Linear Momentum Transfer in 40-150-MeV Proton-induced Reactions with 238-U

This research was sponsored by the National Science Foundation Grant NSF PHY 87-1440

Exclusive Studies of Light-ion Emission in the Reaction of E/A = 25 MeV 6-Li with 238-U

This research was sponsored by the National Science Foundation Grant NSF PHy 87-1440

Effects of Thermal Stress on Dual Task Performance and Attention Allocation

A visual-visual dual task was designed to test the effect of the thermal environment on dual task performance and attention allocation. The temperatures selected for testing were 20 and 35°C Wet Bulb Globe Temperature (WBGT) in experiment 1 and 25, 30 and 35°C Wet Bulb Globe Temperature (WBGT) in experiment 2. In experiment 1, 34 volunteers were randomly assigned to one of the two temperature conditions. A variable representing accuracy on both tasks was coded such that a correct response was assigned only if the participant answered correctly on both tasks. In experiment 2, 42 volunteers were randomly assigned to one of three temperature conditions and instructed vary the amount of attention allocated to each task. Individual differences in single task performance were controlled by equating the baselines of single task performance. Once individual differences in single task capacity were controlled, statistically significant differences in performance were demonstrated. Mean accuracy was computed over a one-hour testing period in each temperature condition. Participants’ mean accuracy in the 35°C condition (38.18%) was substantially less than in the 20°C condition (50.88%). Further, statistically significant differences in performance were detected: in the ability to equally divide attention, effectively allocate attention, and in the relative divided attention cost under thermal stress

Precision Measurements of d(d,p)t and d(d,n)^3He Total Cross Sections at Big-Bang Nucleosynthesis Energies

Recent Wilkinson Microwave Anisotropy Probe (WMAP) measurements have determined the baryon density of the Universe $\Omega_b$ with a precision of about 4%. With $\Omega_b$ tightly constrained, comparisons of Big Bang Nucleosynthesis (BBN) abundance predictions to primordial abundance observations can be made and used to test BBN models and/or to further constrain abundances of isotopes with weak observational limits. To push the limits and improve constraints on BBN models, uncertainties in key nuclear reaction rates must be minimized. To this end, we made new precise measurements of the d(d,p)t and d(d,n)^3He total cross sections at lab energies from 110 keV to 650 keV. A complete fit was performed in energy and angle to both angular distribution and normalization data for both reactions simultaneously. By including parameters for experimental variables in the fit, error correlations between detectors, reactions, and reaction energies were accurately tabulated by computational methods. With uncertainties around 2% +/- 1% scale error, these new measurements significantly improve on the existing data set. At relevant temperatures, using the data of the present work, both reaction rates are found to be about 7% higher than those in the widely used Nuclear Astrophysics Compilation of Reaction Rates (NACRE). These data will thus lead not only to reduced uncertainties, but also to modifications in the BBN abundance predictions.Comment: 15 pages, 11 figures, minor editorial change

Exploring the multi-humped fission barrier of 238U via sub-barrier photofission

The photofission cross-section of 238U was measured at sub-barrier energies as a function of the gamma-ray energy using, for the first time, a monochromatic, high-brilliance, Compton-backscattered gamma-ray beam. The experiment was performed at the High Intensity gamma-ray Source (HIgS) facility at beam energies between E=4.7 MeV and 6.0 MeV and with ~3% energy resolution. Indications of transmission resonances have been observed at gamma-ray beam energies of E=5.1 MeV and 5.6 MeV with moderate amplitudes. The triple-humped fission barrier parameters of 238U have been determined by fitting EMPIRE-3.1 nuclear reaction code calculations to the experimental photofission cross section.Comment: 5 pages, 3 figure