Probing the darkness : the link between baryons and dark matter

De meeste materie in ons Universum is donker. Deze donkere materie vormt de bouwsteen van de grootschalige, kosmische structuren, waarin sterrenstelsels leven. Door zijn botsingloze natuur is donkere materie namelijk beter in staat structuren te vormen dan normale (__baryonische__) materie. Deze structuren bestaan uit vlakken, filamenten en knopen, die samen ook wel het kosmisch web worden genoemd. Sterrenstelsels bewonen de centra van grotere "halo__s" van donkere materie. Deze halo__s zijn zelf niet zichtbaar en het licht uitgezonden door sterrenstelsels kan ons alleen iets vertellen over het binnendeel van deze halo__s. In dit proefschrift trachten we meer over halo__s te weten te komen. Hiertoe maken we gebruik van kosmologische, hydrodynamische simulaties, waarin we niet alleen de donkere maar ook de zichtbare materie meenemen, alsmede alle processen die gedacht worden belangrijk te zijn voor de vorming en groei van sterrenstelsels. Dergelijke simulaties bieden ons de mogelijkheid om het verband tussen zichtbare en donkere materie te verkennen, aangezien beide componenten tegelijk en zelfconsistent worden gesimuleerd. In waarnemingen kan dit verband onderzocht worden door gebruik te maken van zwaartekrachtlenzen. De werking van dergelijke lenzen is gebaseerd op de afbuiging van fotonen (lichtdeeltjes) wanneer deze door een zwaartekrachtspotentiaal reizen. Zodoende ondervindt licht dat van ver in het heelal naar ons toe reist, onderweg verschillende kleine afbuigingen. Als gevolg hiervan zien wij het beeld van de bron als verplaatst, vergroot en verstoord. Het zwaartekrachtlenseffect kan gebruikt worden om verschillende eigenschappen van (materie in) het Universum te meten, waaronder de totale massa en het massaprofiel van halo__s, de vormen van halo__s, de effici_ntie van de vorming van sterrenstelsels en uiteindelijk ook de fundamentele kosmologische parameters van ons Universum. Door gebruik te maken van kosmologische, hydrodynamische simulaties kunnen we ook mogelijke effecten onderzoeken die ons ervan weerhouden om zwaartekrachtlenswerking te gebruiken om de fundamentele eigenschappen van de structuren waaruit ons Universum is opgebouwd, te meten.GalaxiesComputational astrophysic

The implications for bank risk posed by the bail-in amendments to the ranking of unsecured senior debt instruments in insolvency hierarchy

Given the scarce empirical research supporting the branch of literature investigating the shortcomings of the bail-in regime (Hadjiemmanuil, 2015; Walther & White, 2020; Tr\uf6ger, 2020), this paper offers a contribution in this regard investigating the implications for bank risk posed by the amendments to the unsecured senior debt asset class required to enhance the bail-in regime. To this purpose, we use a sample of 46 banks distributed over 17 European countries over the period of Q1 2010\u2013Q4 2019. We thus run a fixed effect panel data regression over the entire period and also over the subperiods before and after the start of the overhaul of the unsecured senior debt asset class. Our main result points out the significant role of unsecured senior debt in explaining bank\u2019s risk after the start of the amendments campaign which allowed this asset class to serve the enhancement of the bail-in regime. We attribute this result to the uncertain gone-concern loss-absorbing capacity of unsecured senior debt and its material cost exacerbated by the bail-in buffer shortfall of many European banks. Our result pique policymakers\u2019 attention to the side-effects of the amendments to the bail-in regime and further guide bank managers\u2019 decisions about regulatory funding strategies

Bail-in credibility: evidence from emerging markets

Purpose Some controversial cases of bail-in in the emerging countries have raised the question about whether for those countries to have in place a regulation for the bail-in is appropriate or not. To assess appropriateness, this paper investigates bail-in credibility among investors, as crucial condition for the credibility's smooth implementation, by measuring the yield spread between bailinable and non-bailinable bonds. Design/methodology/approach The authors compare the yield spread of banks located in emerging countries that have in place a framework for the bail-in to the comparable yield spread measured for banks located in emerging countries without such framework. The comparison permits to detect whether there is a significant difference between the two spreads, which would suggest that bail-in regulation has been deemed credible by market participants where enforced, or not, which in this case would signal a problem of credibility. Findings The authors' results point out a significantly higher yield spread for banks located in emerging countries that have adopted a framework for the bail-in of creditors. Bail-in regulation has, therefore, being deemed credible in the adopting emerging countries, thus ensuring a crucial condition for bail-in regulation's smooth application. The authors also point out bank size and country's gross domestic product (GDP) growth as crucial moderators of bail-in expectations of market participants that can guide the implementation of bail-in rules in emerging countries. Originality/value This paper contributes to the literature on the credibility of bail-in with a new perspective from the emerging countries

Galaxy-galaxy lensing in EAGLE: comparison with data from 180 deg² of the KiDS and GAMA surveys

We present predictions for the galaxy–galaxy lensing (GGL) profile from the EAGLE hydrodynamical cosmological simulation at redshift z = 0.18, in the spatial range 0.02 < R/(h− 1 Mpc) < 2, and for five logarithmically equispaced stellar mass bins in the range 10.3 < log10(Mstar/ M⊙) < 11.8. We compare these excess surface density profiles to the observed signal from background galaxies imaged by the Kilo Degree Survey around spectroscopically confirmed foreground galaxies from the Galaxy And Mass Assembly (GAMA) survey. Exploiting the GAMA galaxy group catalogue, the profiles of central and satellite galaxies are computed separately for groups with at least five members to minimize contamination. EAGLE predictions are in broad agreement with the observed profiles for both central and satellite galaxies, although the signal is underestimated at R ≈ 0.5–2 h− 1 Mpc for the highest stellar mass bins. When central and satellite galaxies are considered simultaneously, agreement is found only when the selection function of lens galaxies is taken into account in detail. Specifically, in the case of GAMA galaxies, it is crucial to account for the variation of the fraction of satellite galaxies in bins of stellar mass induced by the flux-limited nature of the survey. We report the inferred stellar-to-halo mass relation and we find good agreement with recent published results. We note how the precision of the GGL profiles in the simulation holds the potential to constrain fine-grained aspects of the galaxy-dark matter connection

KiDS+VIKING+GAMA:Testing semi-analytic models of galaxy evolution with galaxy-galaxy-galaxy lensing

Several semi-analytic models (SAMs) try to explain how galaxies form, evolve and interact inside the dark matter large-scale structure. These SAMs can be tested by comparing their predictions for galaxy-galaxy-galaxy-lensing (G3L), which is weak gravitational lensing around galaxy pairs, with observations. We evaluate the SAMs by Henriques et al. (2015; H15) and by Lagos et al. (2012; L12), implemented in the Millennium Run, by comparing their predictions for G3L to observations at smaller scales than previous studies and also for pairs of lens galaxies from different populations. We compare the G3L signal predicted by the SAMs to measurements in the overlap of the Galaxy And Mass Assembly survey (GAMA), the Kilo-Degree Survey (KiDS), and the VISTA Kilo-degree Infrared Galaxy survey (VIKING), splitting lens galaxies into two colour and five stellar-mass samples. Using an improved G3L estimator, we measure the three-point correlation of the matter distribution for mixed lens pairs with galaxies from different samples, and unmixed lens pairs with galaxies from the same sample. Predictions by the H15 SAM agree with the observations for all colour-selected and all but one stellar-mass-selected sample with 95% confidence. Deviations occur for lenses with stellar masses below $9.5h^{-2}\mathrm{M}_\odot$ at scales below $0.2h^{-1}\mathrm{Mpc}$. Predictions by the L12 SAM for stellar-mass selected samples and red galaxies are significantly higher than observed, while the predicted signal for blue galaxy pairs is too low. The L12 SAM predicts more pairs of small stellar-mass and red galaxies than the H15 SAM and the observations, as well as fewer pairs of blue galaxies. Likely explanations are different treatments of environmental effects by the SAMs and different models of the initial mass function. We conclude that G3L provides a stringent test for models of galaxy formation and evolution.Comment: 14 pages, 8 figures, replaced with version accepted to Astronomy & Astrophysics after considering referees comment

Halo ellipticity of GAMA galaxy groups from KiDS weak lensing

We constrain the average halo ellipticity of ~2 600 galaxy groups from the Galaxy And Mass Assembly (GAMA) survey, using the weak gravitational lensing signal measured from the overlapping Kilo Degree Survey (KiDS). To do so, we quantify the azimuthal dependence of the stacked lensing signal around seven different proxies for the orientation of the dark matter distribution, as it is a priori unknown which one traces the orientation best. On small scales, the major axis of the brightest group/cluster member (BCG) provides the best proxy, leading to a clear detection of an anisotropic signal. In order to relate that to a halo ellipticity, we have to adopt a model density profile. We derive new expressions for the quadrupole moments of the shear field given an elliptical model surface mass density profile. Modeling the signal with an elliptical Navarro-Frenk-White (NFW) profile on scales < 250 kpc, which roughly corresponds to half the virial radius, and assuming that the BCG is perfectly aligned with the dark matter, we find an average halo ellipticity of e_h=0.38 +/- 0.12. This agrees well with results from cold-dark-matter-only simulations, which typically report values of e_h ~ 0.3. On larger scales, the lensing signal around the BCGs does not trace the dark matter distribution well, and the distribution of group satellites provides a better proxy for the halo's orientation instead, leading to a 3--4 sigma detection of a non-zero halo ellipticity at scales between 250 kpc and 750 kpc. Our results suggest that the distribution of stars enclosed within a certain radius forms a good proxy for the orientation of the dark matter within that radius, which has also been observed in hydrodynamical simulations

The thermal Sunyaev-Zel'dovich effect power spectrum in light of Planck

The amplitude of the thermal Sunyaev–Zel'dovich effect (tSZ) power spectrum is extremely sensitive to the abundance of the most massive dark matter haloes (galaxy clusters) and therefore to fundamental cosmological parameters that control their growth, such as σ8 and Ωm. Here we explore the sensitivity of the tSZ power spectrum to important non-gravitational (‘subgrid’) physics by employing the cosmo-OWLS suite of large-volume cosmological hydrodynamical simulations, run in both the Planck and 7-year Wilkinson Microwave Anisotropy Probe (WMAP7) best-fitting cosmologies. On intermediate and small angular scales (ℓ ≳ 1000, or θ≲10 arcmin), accessible with the South Pole Telescope (SPT) and the Atacama Cosmology Telescope (ACT), the predicted tSZ power spectrum is highly model dependent, with gas ejection due to active galactic nuclei (AGN) feedback having a particularly large effect. However, at large scales, observable with the Planck telescope, the effects of subgrid physics are minor. Comparing the simulated tSZ power spectra with observations, we find a significant amplitude offset on all measured angular scales (including large scales), if the Planck best-fitting cosmology is assumed by the simulations. This is shown to be a generic result for all current models of the tSZ power spectrum. By contrast, if the WMAP7 cosmology is adopted, there is full consistency with the Planck tSZ power spectrum measurements on large scales and agreement at the 2σ level with the SPT and ACT measurements at intermediate scales for our fiducial AGN model, which Le Brun et al. have shown reproduces the ‘resolved’ properties of the Local Group and cluster population remarkably well. These findings strongly suggest that there are significantly fewer massive galaxy clusters than expected for the Planck best-fitting cosmology, which is consistent with recent measurements of the tSZ number counts. Our findings therefore pose a significant challenge to the cosmological parameter values preferred (and/or the model adopted) by the Planck primary cosmic microwave background analyses