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Friday, June 10, 2011

The Captive Maned Wolf (Chrysocyon brachyurus): Nutritional Considerations with Emphasis on Management of Cystinuria

The intent of this project was to investigate options for improvement of a commercially manufactured prescription diet designed to reduce manifestation of clinical disease secondary to cystinuria in captive maned wolves in the United States. Diets high in plant-based protein, independent of sulfur amino acid content, resulted in an increase in average urine pH as well as a decrease in urine cystine crystal formation and cystine excretion in maned wolves.

How to measure potential market risk

The difference between market risk and potential market risk is emphasized and a measure of the latter risk is proposed. Specifically, it is argued that the spectrum of smooth Lyapunov exponents can be utilized in what we call (l, s2)-analysis, which is a method to monitor the aforementioned risk measures. The reason is that these exponents focus on the stability properties (l) of the stochastic dynamic system generating asset returns, while more traditional risk measures such as value-at-risk are concerned with the distribution of returns (s2).
Introduction: Financial market risk reflects the chance that the actual return on an asset or a portfolio of assets may be very different than the expected return.

Thursday, June 2, 2011

Euro money market prices hide restructuring stresses

Money markets widely expect the European Central Bank to keep providing unlimited cash to banks for as long as needed, and short-term interest rate traders have largely disregarded its warnings of "catastrophic" effects from any restructuring.
Spreads between Libor euro interbank offered rates and overnight index swaps, a widely-used gauge of interbank stress, have been mostly steady at 20-25 basis points throughout May, much lower than peaks at over 110 bps in late 2008.