Cambridge University Press

Cambridge University Press expands Cassyni partnership

Retrieved on: 
tisdag, april 23, 2024
University, Marketing, Publishing, Research, Cambridge University Press, Fluid dynamics, University of Cambridge, Journal, Operation

LONDON , April 23, 2024 /PRNewswire/ -- Following the conclusion of a successful pilot, Cambridge University Press is expanding the rollout of Cassyni journal seminar series to more journals in their portfolio.

Key Points: 
  • LONDON , April 23, 2024 /PRNewswire/ -- Following the conclusion of a successful pilot, Cambridge University Press is expanding the rollout of Cassyni journal seminar series to more journals in their portfolio.
  • This expansion builds on the success of the Fluid Mechanics Webinar Series [ https://cassyni.com/s/fmws/seminars ] run jointly by the Journal of Fluid Mechanics, the Leeds Institute for Fluid Dynamics, the University of Cambridge and the UK Fluids Network.
  • Cassyni co-founder Ben Kaube said: "The Cassyni platform contains everything that journal publishers and editors need to create and support vibrant research communities around online seminars.
  • Andrew Sykes, Journals Marketing and Operations Director at Cambridge University Press added: "Based on audience insights from our pilot, we were excited to see how researchers engaged with the seminars.

Cambridge University Press expands Cassyni partnership

Retrieved on: 
tisdag, april 23, 2024
University, Marketing, Publishing, Research, Cambridge University Press, Fluid dynamics, University of Cambridge, Journal, Operation

LONDON, April 23, 2024 /PRNewswire/ -- Following the conclusion of a successful pilot, Cambridge University Press is expanding the rollout of Cassyni journal seminar series to more journals in their portfolio.

Key Points: 
  • LONDON, April 23, 2024 /PRNewswire/ -- Following the conclusion of a successful pilot, Cambridge University Press is expanding the rollout of Cassyni journal seminar series to more journals in their portfolio.
  • This expansion builds on the success of the Fluid Mechanics Webinar Series [ https://cassyni.com/s/fmws/seminars ] run jointly by the Journal of Fluid Mechanics, the Leeds Institute for Fluid Dynamics, the University of Cambridge and the UK Fluids Network.
  • Cassyni co-founder Ben Kaube said: "The Cassyni platform contains everything that journal publishers and editors need to create and support vibrant research communities around online seminars.
  • Andrew Sykes, Journals Marketing and Operations Director at Cambridge University Press added: "Based on audience insights from our pilot, we were excited to see how researchers engaged with the seminars.

Decomposing systemic risk: the roles of contagion and common exposures

Retrieved on: 
tisdag, april 23, 2024
Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points: 
    • Abstract
      We evaluate the effects of contagion and common exposure on banks? capital through
      a regression design inspired by the structural VAR literature and derived from the balance
      sheet identity.
    • Contagion can occur through direct exposures, fire sales, and market-based
      sentiment, while common exposures result from portfolio overlaps.
    • First, we document that contagion varies in time, with the highest levels
      around the Great Financial Crisis and lowest levels during the pandemic.
    • Our new framework complements
      traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
    • While existing literature presents various contagion narratives, empirical findings on
      distress propagation - a precursor to defaults - remain scarce.
    • We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
    • The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
      aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
    • Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
    • In conclusion, our model offers a comprehensive lens for policy intervention analysis and
      scenario evaluations on contagion and systemic risk in banking.
    • This
      notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
      to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
      more widespread throughout the financial system) (see Caruana, 2010).
    • In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
    • First, we include contagion in three forms: sentiment-based contagion, contractual-based
      contagion, and price-mediated contagion.
    • In this context,
      portfolio overlaps create common exposures, implying that bigger overlaps make systematic
      shocks more systemic.
    • With the COVID-19 pandemic starting
      in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
      supports.
    • That is, our
      structural model provides a framework for analyzing the impact of policy interventions and
      scenarios on different levels of contagion and systemic risk in the banking system.
    • This provides a complementary approach to
      seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
    • More generally, the literature on networks and systemic risk started with Allen and Gale
      (2001) and Eisenberg and Noe (2001).
    • The matrix is structured as follows:
      1

      In our model, we do not distinguish between interbank liabilities and other types of liabilities.

    • In other words, we can and aim to estimate different degrees
      of contagion per asset class, i.e., potentially distinct parameters ?Ga .
    • For that, we build three major
      metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
    • N i j

      et ,
      Further, we define the (N ?K) common exposure matrix as Commt = [A

      (20)

      et ]diag (?C
      ?L

      such that average common exposure reads,
      average common exposure =

      1 XX
      Commik,t .

    • N i j

      (22)

      20

      ? c ),

      The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.

    • Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
    • Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
      (Equation (22)).
    • The market-based contagion is the contagion due to
      investors? sentiment, and the network is an estimate FEVD on volatility data.
    • For most of
      the sample, we find that contagion had a bigger impact on the variance than common exposures.

Beyoncé’s ‘Cowboy Carter’ transmits joy, honours legends and challenges a segregated industry

Retrieved on: 
fredag, april 5, 2024
University, Love, Woman, Assistant, Cambridge University Press, Color Me Country, The New Yorker, Charley Pride, Social media, Research, CNN, Interview, Digital humanities, Radio, Information science, Barn, Country music, New Yorker, Autobiography, Music, Century, The Conversation, Archive, Ruth Brown, Human, School

That’s because country music is often falsely seen as “white music,” even though its Black historical roots are well documented.

Key Points: 
  • That’s because country music is often falsely seen as “white music,” even though its Black historical roots are well documented.
  • But Beyoncé’s new album is so much more than a country album.
  • It honours other Black musical legends, and challenges the segregation we still see and hear in the music industry today.
  • Her current research, called SongData, uses data — like radio airplay, charts, and streaming numbers — to examine representation in the country music industry.

US monetary policy is more powerful in low economic growth regimes

Retrieved on: 
tisdag, april 2, 2024
Tao, Research Papers in Economics, Excess, American Economic Journal, Doan, Policy, RT, Interpolation, Economic growth, Absorption, Business, E32, Low, Browning, European Economic Review, UST, NBER, Forecasting, Macroeconomics, European Economic Association, Journal of Monetary Economics, Journal of Applied Econometrics, TVAR, Oxford University Press, Time series, Economic Inquiry, Paper, Linearity, Joshua Angrist, Nobuhiro, Environment, Political economy, Journal of Financial Economics, Rated R, R2, Website, Emi, Energy economics, Probability, Medical classification, Eurozone, Sigismund, Quarterly Journal of Economics, Zero lower bound, History, Nature, Chapter, ZT, Journal of Political Economy, Bocconi University, OLS, Statistics, University of California, Irvine, PDF, Classification, ECB, XS, ITP, Impact, Estimation, DGP, Mark Thoma, Social science, Elsevier, JEL, Cambridge University Press, Real, M1, Research, Textbook, Private sector, FED, Credit, UTT, Literature, Federal Reserve, Knotek, Evelyn Regner, Table, European Central Bank, Chow, FRED, Monetary economics, Wald, Ben Bernanke, Premium, P500, BIS, EWMA, International Economic Review, Federal funds rate, Money, Treasury, C32, The Economic Journal, Federal Reserve Economic Data, Employment, Risk, FFR, Suggestion, FOMC, Monte Carlo method, Sigmoid, VAR, Database, Projection, Ascari, The Journal of Finance, Yield curve, United States Treasury security, Economy, Fed, Figure, NFCI, Financial economics, EXP, Freedom, Central bank, PCE, Monetary policy, American Economic Review, Exercise, Interest, Samuel, URR, Rigidity, Business cycle, XT, Landing slot, Chap, Daron Acemoglu, Markov, Blue chip, Kuttner, Response, Quarterly Journal, YT, Channel, GDP, Standard, Effect, Federal, Cost, Christian Social Union (UK), Journal of Econometrics, Comm, Mark Gertler, Use, Economic statistics, IW, Bank for International Settlements, Finance Secretary (India), UC, Bank, Reproduction, Section, News, Housing, Data, Food industry
Key Points: 

    American Institutes for Research Announces New CEO and Board Chair

    Retrieved on: 
    onsdag, februari 21, 2024
    African Americans, University, Education, Sale, Climate change, Student, Cambridge University Press, Faculty, Ethnic group, Social science, Social, Book, American Psychological Association, Harvard University Press, Policy, Guggenheim Fellowship, American Educational Research Association, Behavioural sciences, Psychology, National academy, Area studies, Public opinion, American Academy, Politics, Russell Sage Foundation, Harvard University, Stanford University, National Science Foundation, Rutgers University, School, AIR, UCLA, Public, Management

    Lawrence D. Bobo , the dean of social science at Harvard University, is the new chair of the AIR Board of Directors.

    Key Points: 
    • Lawrence D. Bobo , the dean of social science at Harvard University, is the new chair of the AIR Board of Directors.
    • Heppen is the seventh president and CEO in AIR’s 77-year history, and the first woman to serve in the role.
    • She stepped down from the AIR Board of Directors after serving as its chair for more than 25 years.
    • Bobo has been a member of the AIR Board since 1997 and most recently served as vice chair.

    Philip R. Lane: Euro area international financial flows: analytical insights and measurement challenges

    Retrieved on: 
    tisdag, februari 13, 2024
    Brookings Institution, Quarterly Journal of Economics, Journal of Financial Economics, SSRN, Climate change, Map, IMF Economic Review, Nation, Federal Reserve, Statistics, Adjustment, International economics, BEA, Financial economics, Cambridge University Press, Swings, ESS, Bank, Asian Economic Papers, Buildup, ECI, Data, Director of National Parks, WP, Journal, Spes, Banco de Portugal, International Monetary Fund, Foreign direct investment, Communication, Fiscal, Environment, BIS, ESCB, Sector, BRICS, G-20, Capital, External, Frankfurt, Carbon, Insurance, Central bank, European Central Bank, Quarterly Journal, Speech, Appetite, Research, Reproduction, Exchange, Outline, MNE, Aftermath, Answer, Data management, Geography, FDI, Sound, Banco, COVID-19, Policy, Creditor, Role, ECB, Security (finance)

    We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them.

    Key Points: 
    • We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them.
    • Supply shocks, moreover, are found to pass through to all components of euro area inflation – producer prices, wages and core inflation, which has implications for monetary policy.

    Climate Change to Bring Invasive Weeds to mid-Atlantic and northeastern U.S. States

    Retrieved on: 
    fredag, februari 9, 2024
    Cambridge University Press, Plant, Science, Climate change, University, Environmental protection, Research, University of Massachusetts Amherst, Agriculture

    WESTMINSTER, Colo., Feb. 9, 2024 /PRNewswire-PRWeb/ -- Climate change may soon shift where invasive plant species establish new outbreaks and hotspots, and the mid-Atlantic and northeastern U.S. states are among those likely to be negatively impacted without early detection and a rapid response management plan. That's one conclusion based on new research from the Northeast Regional Invasive Species and Climate Change (RISCC) Network leadership team.

    Key Points: 
    • A Weed Science Society of America research summary identifies most likely high-impact, range-shifting Invasive plants coming to the Mid-Atlantic and Northeastern U.S.
    • Climate change may soon shift where invasive plant species establish new outbreaks and hotspots, and the mid-Atlantic and northeastern U.S. states are among those likely to be negatively impacted without early detection and a rapid response management plan.
    • That's one conclusion based on new research from the Northeast Regional Invasive Species and Climate Change (RISCC) Network leadership team
      WESTMINSTER, Colo., Feb. 9, 2024 /PRNewswire-PRWeb/ -- Climate change may soon shift where invasive plant species establish new outbreaks and hotspots, and the mid-Atlantic and northeastern U.S. states are among those likely to be negatively impacted without early detection and a rapid response management plan.
    • That's one conclusion based on new research from the Northeast Regional Invasive Species and Climate Change (RISCC) Network leadership team.

    $10 million Artificial Intelligence Mathematical Olympiad Prize appoints advisory committee members

    Retrieved on: 
    onsdag, februari 7, 2024
    Tao, XTX, University College London, University, Machine learning, UCLA, Sequoia, Female, Engineer, Marshall Scholarship, United Kingdom Mathematics Trust, W. W. Rouse Ball, Breakthrough Prize, Principle, Silver, Sequoia Capital, Advisory Committee, Fields Medal, Gold, Salesforce, Game theory, Carnegie Mellon University, Artificial intelligence, Salem Prize, Trinity College, Royal Society, Research, Scientist, Princeton University, Crafoord, Doctor of Philosophy, Combinatorics, MacArthur Fellows Program, XTX Markets, Cambridge University Press, AI, PDE, Education, Diffeomorphism, MIT, Timothy Gowers, Prize, Management

    LONDON, Feb. 7, 2024 /PRNewswire/ -- XTX Markets' newly created Artificial Intelligence Mathematical Olympiad Prize ('AIMO Prize') is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).

    Key Points: 
    • Fields Medallists Timothy Gowers and Terence Tao appointed to the Advisory Committee for the Artificial Intelligence Mathematical Olympiad Prize, alongside Po-Shen Loh, Dan Roberts and Geoff Smith.
    • The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
    • It will be important to experiment with multiple approaches to this goal, and to benchmark the performance of each of them.
    • Eoghan Flanagan, Director of the AIMO Prize, commented:
      "We are delighted to welcome such esteemed members of the mathematical community to the advisory committee of the AIMO Prize.

    $10 million Artificial Intelligence Mathematical Olympiad Prize appoints advisory committee members

    Retrieved on: 
    onsdag, februari 7, 2024
    Tao, XTX, University College London, University, Machine learning, UCLA, Sequoia, Female, Engineer, Marshall Scholarship, United Kingdom Mathematics Trust, W. W. Rouse Ball, Breakthrough Prize, Principle, Silver, Sequoia Capital, Advisory Committee, Fields Medal, Gold, Salesforce, Game theory, Artificial intelligence, Salem Prize, Trinity College, Royal Society, Research, Scientist, Princeton University, Crafoord, Doctor of Philosophy, Combinatorics, MacArthur Fellows Program, XTX Markets, Cambridge University Press, AI, PDE, Education, Diffeomorphism, MIT, Timothy Gowers, Prize, Management

    LONDON, Feb. 7, 2024 /PRNewswire/ -- XTX Markets' newly created Artificial Intelligence Mathematical Olympiad Prize ('AIMO Prize') is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).

    Key Points: 
    • Fields Medallists Timothy Gowers and Terence Tao appointed to the Advisory Committee for the Artificial Intelligence Mathematical Olympiad Prize, alongside Po-Shen Loh, Dan Roberts and Geoff Smith.
    • The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
    • It will be important to experiment with multiple approaches to this goal, and to benchmark the performance of each of them.
    • Eoghan Flanagan, Director of the AIMO Prize, commented:
      "We are delighted to welcome such esteemed members of the mathematical community to the advisory committee of the AIMO Prize.