Concept

Fractional-reserve banking

Related publications (31)

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Multi-Area Unit Scheduling and Reserve Allocation Under Wind Power Uncertainty

Ali Ahmadi Khatir, Antonio J. Conejo

This paper proposes a decentralized methodology to optimally schedule generating units while simultaneously determining the geographical allocation of the required reserve.We consider an interconnected multi-area power systemwith cross-border trading in th ...

Ieee-Inst Electrical Electronics Engineers Inc2014

Financial Frictions within the Macroeconomy

Victoria Nuguer

Financial factors are central to the recent economic crisis. Most macroeconomic models treat banks and financial intermediation as a veil. These models are unable to account for the recent financial crisis and they cannot be used for policy evaluation. Fin ...

EPFL2014

The term structure of interbank risk

Damir Filipovic

We infer a term structure of interbank risk from spreads between rates on interest rate swaps indexed to the London Interbank Offered Rate (LIBOR) and overnight indexed swaps. We develop a tractable model of interbank risk to decompose the term structure i ...

Elsevier2013

Reserve services management in multi-area power system under uncertainty

Ali Ahmadi Khatir

The reserve is a service traded in the market to counteract unpredictable changes in system conditions. The efficient market-clearing procedure relies on economic criteria while maintaining the system security by means of a proper reserve management progra ...

EPFL2013

Analytical expression of pulse broadening in an arbitrary linear slow light medium

Luc Thévenaz

We derive an analytical expression for the broadening of a Gaussian input pulse in an arbitrary linear slow light medium. The expression consists of two terms, one corresponding to amplitude broadening (low-pass filtering of the pulse bandwidth) and anothe ...

2012

Sentiment, Asset Prices, and Systemic Risk

Loriano Mancini, Giovanni Barone-Adesi

Regulators charged with monitoring systemic risk need to focus on sentiment as well as narrowly defined measures of systemic risk. This chapter describes techniques for jointly monitoring the co-evolution of sentiment and systemic risk. To measure systemic ...

Cambridge University Press2012

Pulse distortion in linear slow light systems: theoretical limits and compensation strategies

Luc Thévenaz

We study analytically pulse distortion in linear slow light systems, and provide some useful limits on these devices. Additionally, we also show that the contributions of phase and amplitude broadening can be de-coupled and quantified. It is observed that ...

SPIE2011

A probabilistic joint energy and spinning reserve market model

Ali Ahmadi Khatir

Both deterministic and probabilistic approaches can be used to establish spinning reserve requirements. It has been proved that determining reserve requirements based on probabilistic approaches results in more economical efficiency. So, a probabilistic se ...

IEEE2010

Evaluation of the frequency stability of a VCSEL locked to a micro-fabricated Rubidium vapour cell

Yves Pétremand

We present our evaluation of a compact laser system made of a 795 nm VCSEL locked to the Rubidium absorption line of a micro-fabricated absorption cell. The spectrum of the VCSEL was characterised, including its RIN, FM noise andline-width. We optimised th ...

2010

Cash Sub-additive Risk Measures and Interest Rate Ambiguity

Claudia Ravanelli

A new class of risk measures called cash sub-additive risk measures is introduced to assess the risk of future financial, non financial and insurance positions. The debated cash additive axiom is relaxed into the cash sub-additive axiom to preserve the ori ...

Wiley-Blackwell2009