Bank response to capital requirements: Theory and Indian evidence

The paper discusses the theory of how banks' respond to risk-based capital standards and conducts an empirical estimation to ascertain the response of banks to capital requirements in the Indian contextcapital; banking; India

Regulating Market Risks in Banks: A Comparison of Alternate Regulatory Regimes

Regulators have traditionally used simple models to measure the capital adequacy of banks. The growing internationalisation and universalisation of banking operations have meant that the same is no longer possible, as banks face increasing, and increasingly opaque, market risk. The significance of market risk has also been acknowledged in the New Capital Accord enunciated by the Basel Committee in 1999. The focus of the paper is on market risk, that is, any market related factor that affects the value of a position in the financial instrument or a portfolio of instruments. As it stands at present, the three commonly used approaches to regulating market risks in banks include the building block approach, internal model approach and precommitment approach. The paper evaluates the pros and cons of the various approaches and concludes with a discussion of the applicability of these models in the Indian context.VaR; banking; India; market risk

Observing Heavy Top Quarks with charge 5/3 and Heavy BB quarks with the CMS detector: A Feasibility Study

In this note, we present a feasibility study for searches for two exotic particles - a heavy top quark with a fractional charge of 5/3, $T_{5/3}$, and its partner, the heavy $B$ quark. These particles decay to a top quark and a $W$ boson, leading to very busy events with multi-leptons and multi-jets. We consider the event signatures where same-sign dileptons are likely to be produced. The backgrounds are predominantly from standard model signatures due to $t\overline t WW$, $t\overline t W$ and multiple-$W$+jets production. We conclude that it is possible to observe these exotic particles with masses around 500 GeV, in data samples ranging from a few hundred inverse pico-barns to about 1~fb$^{-1}$ of integrated luminosity

Symmetries between Untwisted and Twisted Strings on Asymmetric Orbifolds

We study symmetries between untwisted and twisted strings on asymmetric orbifolds. We present a list of asymmetric orbifold models to possess intertwining currents which convert untwisted string states to twisted ones, and vice versa. We also present a list of heterotic strings on asymmetric orbifolds with supersymmetry between untwisted and twisted string states. Some of properties inherent in asymmetric orbifolds, which are not shared by symmetric orbifolds, are pointed out.Comment: Plain Tex, 35 pages, NBI-HE-92-34, KOBE-92-0

Partition Function of N=2N=2 Gauge Theories on a Squashed S4S^4 with SU(2)×U(1)SU(2)\times U(1) Isometry

We study $N=2$ supersymmetric gauge theories on a large family of squashed 4-spheres preserving $SU(2)\times U(1)\subset SO(4)$ isometry and determine the conditions under which this background is supersymmetric. We then compute the partition function of the theories by using localization technique. The results indicate that for $N=2$ SUSY, including both vector-multiplets and hypermultiplets, the partition function is independent of the arbitrary squashing functions as well as of the other supergravity background fields.Comment: version to appear in Nuclear Physics

A Bilocal Field Theory in Four Dimensions

A bilocal field theory having M\"{o}bius gauge invariance is proposed. In four dimensions there exists a zero momentum state of the first quantized model, which belongs to a non-trivial BRS cohomology class. A field theory lagrangian having a gauge invariance only in four dimensions is constructed.Comment: 13 pages, TEP-9R, LaTe

Diastolic And Systolic Right Ventricular Dysfunction Precedes Left Ventricular Dysfunction In Patients Paced From Right Ventricular Apex

Background: Cardiac dysfunction after right ventricular (RV) apical pacing is well known but its extent, time frame of appearance and individual effect on left ventricular (LV), RV systolic and diastolic parameters has not evaluated in a systematic fashion. Methods: Patients with symptomatic bradycardia and ACC-AHA Class I indication for permanent pacemaker implantation (PPI) were implanted a single chamber (VVI) pacemaker. They were followed prospectively by echocardiographic examination which was done at baseline, 1 week, 1 month and 6 months after implantation. Parameters observed were chamber dimensions (M-line), chamber volumes, cardiac output (modified Simpson's method), systolic functions (ejection fraction, pre-ejection period, ejection time and ratio) and diastolic functions( isovolumic relaxation time & deceleration time) of left and right heart. Results: Forty eight consecutive patients (mean age 65.6±11.8 yrs, 66.7% males, mean EF 61.82±10.36%) implanted a VVI pacemaker were enrolled in this study. The first significant change to appear in cardiac function after VVI pacing was in diastolic properties of RV as shown by increase in RV isovolumic relaxation time (IVRT) from 65.89±15.93 to 76.58±17.00 ms,(p<0.001) at 1week and RV deceleration time (DT) from 133.84±38.13 to 153.09±31.41 ms, (p=0.02) at 1 month. Increase in RV internal dimension (RVID) from 1.26±0.41 to 1.44±0.44, (p<0.05) was also noticed at 1 week. The LV diastolic parameters were significantly altered after 1 month with increase in LV-IVRT from 92.36±21.47 to 117.24±27.21ms, (p<0.001) and increase in LV DT from 147.56±31.84 to 189.27±28.49ms,(p<0.01). This was followed by LV systolic abnormality which appeared at 6 months with an increase in LVPEP from 100.33±14.43 to 118.41±21.34ms, (p<0.001) and increase in LVPEP/LVET ratio from 0.34±0.46 to 0.44±0.10, (p<0.001)]. The reduction in LV EF was manifested at 6 months falling from 61.82±10.36% to52.52±12.11%, (p<0.05) without any significant change in the resting cardiac output. Conclusion: The present study shows that dysfunction of right ventricle is the first abnormality that occurs in VVI paced patients, which manifests by 1 week followed by LV dysfunction which starts appearing by 1 month and the diastolic dysfunctions precede the systolic dysfunction in both ventricles