Quantifying preferential trading in the e-MID interbank market

Interbank markets allow credit institutions to exchange capital for purposes of liquidity management. These markets are among the most liquid markets in the financial system. However, liquidity of interbank markets dropped during the 2007-2008 financial crisis, and such a lack of liquidity influenced the entire economic system. In this paper, we analyze transaction data from the e-MID market which is the only electronic interbank market in the Euro Area and US, over a period of eleven years (1999-2009). We adapt a method developed to detect statistically validated links in a network, in order to reveal preferential trading in a directed network. Preferential trading between banks is detected by comparing empirically observed trading relationships with a null hypothesis that assumes random trading among banks doing a heterogeneous number of transactions. Preferential trading patterns are revealed at time windows of 3-maintenance periods. We show that preferential trading is observed throughout the whole period of analysis and that the number of preferential trading links does not show any significant trend in time, in spite of a decreasing trend in the number of pairs of banks making transactions. We observe that preferential trading connections typically involve large trading volumes. During the crisis, we also observe that transactions occurring between banks with a preferential connection occur at larger interest rates than the complement set - an effect that is not observed before the crisis

Bi-Legendrian manifolds and paracontact geometry

We study the interplays between paracontact geometry and the theory of bi-Legendrian manifolds. We interpret the bi-Legendrian connection of a bi-Legendrian manifold M as the paracontact connection of a canonical paracontact structure induced on M and then we discuss many consequences of this result both for bi-Legendrian and for paracontact manifolds. Finally new classes of examples of paracontact manifolds are presented.Comment: to appear in Int. J. Geom. Meth. Mod. Phy

Semi-numerical resummation of event shapes

For many event-shape observables, the most difficult part of a resummation in the Born limit is the analytical treatment of the observable's dependence on multiple emissions, which is required at single logarithmic accuracy. We present a general numerical method, suitable for a large class of event shapes, which allows the resummation specifically of these single logarithms. It is applied to the case of the thrust major and the oblateness, which have so far defied analytical resummation and to the two-jet rate in the Durham algorithm, for which only a subset of the single logs had up to now been calculated.Comment: 29 pages, 7 figures. Version 2 adds some clarifications, a reference, as well as corrections to the subleading fixed-order coefficients and to figures 4 and

Health, stress and technologies: integrating technology acceptance and health belief models for smartphone-based stress intervention

Work-related stress significantly jeopardizes employees’ physical and mental health due to the considerable time they spend at work. Smartphone-based interventions provide a promising solution, eliminating traditional face-to-face interventions’ barriers. However, the elements that influence workers’ intentions to use this still remain unexplored. This study explores the link between health belief model (HBM) and technology acceptance model (TAM) factors. In this study, 336 Italian workers (64% female) answered an online questionnaire. We employed a structural equation model (SEM) to analyze the data. The results unveiled an indirect relationship: individuals perceiving health risks were more inclined to use stress-management apps, mediated by perceived utility (PU). This study underscores the significant potential of integrating the HBM with the TAM in predicting users’ preparedness for smartphone-based health interventions. These findings not only hold substantial value but also illuminate a path forward for professionals and organizations, offering insights to tailor and optimize smartphone tools for stress management and the promotion of workplace well-being. Ultimately, this research paves the way for the cultivation of healthier work environments, marking a noteworthy contribution to the field

Next-to-leading order QCD predictions for W+W+jj production at the LHC

Because the LHC is a proton-proton collider, sizable production of two positively charged W-bosons in association with two jets is possible. This process leads to a distinct signature of same sign high-pt leptons, missing energy and jets. We compute the NLO QCD corrections to the QCD-mediated part of pp -> W+W+jj. These corrections reduce the dependence of the production cross-section on the renormalization and factorization scale to about +- 10 percent. We find that a large number of W+W+jj events contain a relatively hard third jet. The presence of this jet should help to either pick up the W+W+jj signal or to reject it as an unwanted background.Comment: 15 pages, 5 (lovely) figures, v3 accepted for publication in JHEP, corrects tables in appendi

Next-to-leading order QCD corrections to electroweak Zjj production in the POWHEGBOX

We present an implementation of electroweak Z-boson production in association with two jets at hadron colliders in the POWHEG framework, a method that allows the interfacing of NLO-QCD calculations with parton-shower Monte Carlo programs. We focus on the leptonic decays of the weak gauge boson, and take photonic and non-resonant contributions to the matrix elements fully into account. We provide results for observables of particular importance for the suppression of QCD backgrounds to vector-boson fusion processes by means of central-jet-veto techniques. While parton-shower effects are small for most observables associated with the two hardest jets, they can be more pronounced for distributions that are employed in central-jet-veto studies.Comment: 12 pages, 5 figure

Reconstruction and thermal stability of the cubic SiC(001) surfaces

The (001) surfaces of cubic SiC were investigated with ab-initio molecular dynamics simulations. We show that C-terminated surfaces can have different c(2x2) and p(2x1) reconstructions, depending on preparation conditions and thermal treatment, and we suggest experimental probes to identify the various reconstructed geometries. Furthermore we show that Si-terminated surfaces exhibit a p(2x1) reconstruction at T=0, whereas above room temperature they oscillate between a dimer row and an ideal geometry below 500 K, and sample several patterns including a c(4x2) above 500 K.Comment: 12 pages, RevTeX, figures 1 and 2 available in gif form at http://irrmawww.epfl.ch/fg/sic/fig1.gif and http://irrmawww.epfl.ch/fg/sic/fig2.gi

3-quasi-Sasakian manifolds

In the present paper we carry on a systematic study of 3-quasi-Sasakian manifolds. In particular we prove that the three Reeb vector fields generate an involutive distribution determining a canonical totally geodesic and Riemannian foliation. Locally, the leaves of this foliation turn out to be Lie groups: either the orthogonal group or an abelian one. We show that 3-quasi-Sasakian manifolds have a well-defined rank, obtaining a rank-based classification. Furthermore, we prove a splitting theorem for these manifolds assuming the integrability of one of the almost product structures. Finally, we show that the vertical distribution is a minimum of the corrected energy.Comment: 17 pages, minor modifications, references update

MINLO: Multi-scale improved NLO

In the present work we consider the assignment of the factorization and renormalization scales in hadron collider processes with associated jet production, at next-to-leading order (NLO) in perturbation theory. We propose a simple, definite prescription to this end, including Sudakov form factors to consistently account for the distinct kinematic scales occuring in such collisions. The scheme yields results that are accurate at NLO and, for a large class of observables, it resums to all orders the large logarithms that arise from kinematic configurations involving disparate scales. In practical terms the method is most simply understood as an NLO extension of the matrix element reweighting procedure employed in tree level matrix element-parton shower merging algorithms. By way of a proof-of-concept, we apply the method to Higgs and Z boson production in association with up to two jets.Comment: 27 pages, 17 figure