Social and alternative banking: project selection and monitoring after the New Basel Capital Accord

Any economic activity calls for the exercise of moral judgement. There are some economic activities that actively promote collective benefit as a primary or secondary aim, and there are others that aim to increase the value of a firm. Investment decisions always have collective impact, but collective returns may be ignored or considered less important in company management if the objective is the maximisation of shareholder wealth. The allocative function exercised by banks in their credit activity may take this into account. Some banks nowadays focus on social profile, while others integrate the traditional approach with this new sensibility. But unfortunately banking regulations governing stability and soundness of the financial system make no mention of the social profile. The New Basel Capital Accord was an opportunity to recognise that bank's objectives may not consist only of the maximisation of shareholder wealth. But it was a missed opportunity, in that it gave advantages to traditional commercial banks and not to banks focussing on collective goals. This paper puts forward proposals for integrating the Basel II framework with profiles of collective bank credit policy. Social credit evaluation methods could help to identify those ethical banks which are more successful in meeting collective objectives. A sustainable credit appraisal methodology could have been examined by the Basel Committee and could have incentivated sustainable banking by giving it specific advantages.social banking, alternative banking, socially responsible investing, investments appraisal, Basel II, new capital accord

Propagation front of correlations in an interacting Bose gas

We analyze the quench dynamics of a one-dimensional bosonic Mott insulator and focus on the time evolution of density correlations. For these we identify a pronounced propagation front, the velocity of which, once correctly extrapolated at large distances, can serve as a quantitative characteristic of the many-body Hamiltonian. In particular, the velocity allows the weakly interacting regime, which is qualitatively well described by free bosons, to be distinguished from the strongly interacting one, in which pairs of distinct quasiparticles dominate the dynamics. In order to describe the latter case analytically, we introduce a general approximation to solve the Bose-Hubbard Hamiltonian based on the Jordan-Wigner fermionization of auxiliary particles. This approach can also be used to determine the ground-state properties. As a complement to the fermionization approach, we derive explicitly the time-dependent many-body state in the noninteracting limit and compare our results to numerical simulations in the whole range of interactions of the Bose-Hubbard model.Comment: 16 pages, 7 figure

Generation of half-space sound fields with application to personal sound systems

A method is presented for generating a sound field that is significantly attenuated over half of the reproduction region, which has application to the generation of two independent sound fields for two listeners. The half-space sound field is produced by attenuating the negative or positive modes in the cylindrical or spherical expansion of a plane wave or point source sound field. It is shown that this is equivalent to adding to the original sound field, in quadrature, a second field which is the Hilbert transform of the original field. The resulting analytic field has a small magnitude in one half of the plane. Methods are presented for controlling the attenuation in the unwanted half-space. Finally, a simulation is presented showing the generation of a wideband pulse that propagates across half of the area within a circular array of sources

Bleeding Meckel's diverticulum diagnosis: an unusual indication for computed tomography

Despite the wide use of modern investigation techniques, the diagnosis of complications related to Meckel's diverticulum (MD) remains difficult. Arteriography is commonly indicated for acute bleeding, and radionuclide scans may help in identifying the site of intestinal hemorrhage. In contrast, computed tomography (CT) is usually considered little use in the diagnosis of bleeding MD. We present the case of a young patient with massive gastrointestinal hemorrhage, in whom the diagnosis of MD bleeding was preoperatively made with contrast-enhanced CT after two negatives arteriographie

Black Holes in the Presence of Cosmological Constant and Large N Brane World

Analytic form has been obtained for four-dimensional black holes with a minimal Hawking temperature in a theory with cosmological constant, dilaton and gauge fields. In general dimensions, black hole solutions are shown to exist and their asymptotic behaviors are obtained. In theories of ten dimension, N coincident D3-branes as the boundary of an $AdS_5$ space are constructed by embedding black D3-branes, with a five-dimensional compactified space of negligible size if N is large, which provide natural realizations of the Randall-Sundrum scenario. For this $AdS_{5}$ background, the cosmological constant is a higher order perturbation and its effect on the spectra of standard model fields on the branes can be calculated.Comment: 12 pages, no figure

Rotating Solution of Einstein-Maxwell Dilaton Gravity with Unusual Asymptotics

We study electrically charged, dilaton black holes, which possess infinitesimal angular momentum in the presence of one or two Liouville type potentials. These solutions are neither asymptotically flat nor (anti)-de Sitter. Some properties of the solutions are discussed.Comment: 11 pages, Accepted (Int. J. Theor. Phys.

Microstructured optical fibres for gas sensing: design fabrication and post-fab processing

Air/silica Microstructured Optical Fibers (MOFs) offer new prospects for fiber based sensor devices. In this paper, two topics of particular significance for gas sensing using air guiding Photonic Bandgap Fibers (PBGFs) are discussed. First, we address the issue of controlling the modal properties of PBGFs and demonstrate a single mode, polarization maintaining air guiding PBGF. Secondly, we present recent improvements of a femtosecond laser machining technique for fabricating fluidic channels in PBGFs, which allowed us to achieve cells with multiple side access channels and low additional loss

Dynamics of matter-wave solitons in a ratchet potential

We study the dynamics of bright solitons formed in a Bose-Einstein condensate with attractive atomic interactions perturbed by a weak bichromatic optical lattice potential. The lattice depth is a biperiodic function of time with a zero mean, which realises a flashing ratchet for matter-wave solitons. The average velocity of a soliton and the directed soliton current induced by the ratchet depend on the number of atoms in the soliton. We employ this feature to study collisions between ratchet-driven solitons and find that soliton transport can be induced through their interactions. In the regime when matter-wave solitons are narrow compared to the lattice period the ratchet dynamics is well described by the effective Hamiltonian theory.Comment: 4 pages, 5 figure

Method to visualise and measure individual modes in a few moded fibre

Coupling between the propagating modes and radiation modes of a FMF enables separation and measurement of the properties of the light in each mode independently. A method using prism coupling from a side-polished fibre is described to access and select individual modes