Refine
Year of publication
- 2014 (2758) (remove)
Document Type
- Article (1078)
- Part of Periodical (358)
- Book (269)
- Working Paper (213)
- Contribution to a Periodical (173)
- Doctoral Thesis (168)
- Report (148)
- Review (146)
- Part of a Book (83)
- Conference Proceeding (34)
Language
- German (1390)
- English (1207)
- Croatian (70)
- Portuguese (28)
- French (19)
- Turkish (12)
- Multiple languages (10)
- Spanish (7)
- Bosnian (2)
- Danish (2)
Has Fulltext
- yes (2758) (remove)
Keywords
- Deutsch (38)
- Literatur (35)
- Rilke, Rainer Maria (35)
- Ukraine (24)
- USA (22)
- taxonomy (22)
- Deutschland (21)
- Russland (21)
- Benjamin, Walter (19)
- new species (19)
Institute
- Präsidium (355)
- Medizin (273)
- Gesellschaftswissenschaften (203)
- Wirtschaftswissenschaften (182)
- Center for Financial Studies (CFS) (146)
- Physik (131)
- Sustainable Architecture for Finance in Europe (SAFE) (101)
- Biowissenschaften (99)
- House of Finance (HoF) (99)
- Exzellenzcluster Die Herausbildung normativer Ordnungen (86)
Jubiläen haben es in sich! In diesem Jahr werden wir vor allem an den großen Philosophen Immanuel Kant erinnert, der am 12.2.1804 in Königsberg in Preußen gestorben ist. Sein Denkmal am Königsberger Dom hat den Krieg und auch die Russen überstanden. Am populärsten ist bis heute Kants Erläuterung von „Aufklärung“: „Aufklärung ist der Ausgang des Menschen aus seiner selbst verschuldeten Unmündigkeit. Unmündigkeit ist das Unvermögen, sich seines Verstandes ohne Leitung eines anderen zu bedienen. Sapere aude! Habe Mut, dich deines eigenen Verstandes zu bedienen! ist also der Wahlspruch der Aufklärung!“1 Nicht nur, daß die 1784 niedergeschriebene Abhandlung Kants nicht am Anfang der deutschen Aufklärung steht, sondern eher ihr Schwanengesang ist: In der Regel wird auch verschwiegen, daß der Autor selbst die prinzipielle Gültigkeit dieser Sätze entscheidend einschränkte, wenn er am Schluß seiner Abhandlung alle radikalen Konsequenzen ausdrücklich verwarf und das Grundgesetz des friderizianischen Preußen pries: „Räsonniert, soviel als ihr wollt, und worüber ihr wollt, nur gehorcht!“ Kant hat den Angriff Napoleons auf Europa, den Zusammenbruch Preußens und Österreichs nicht mehr erlebt. So ist ihm die bittere Erfahrung erspart geblieben, daß von den Idealen einer Revolution meistens nur verwirklicht wird, was machtpolitisch brauchbar ist...
Anonyme Protestanten?
(2014)
Selbst bei theologisch so verschiedenen Charakteren wie Dorothee Sölle und Paul Tillich wurden religionskulturelle Unterschiede zwischen Personen durch den Verweis auf Gemeinsamkeiten in ihrem Leben und Handeln als „anonyme Christen“ zumindest relativiert, wenn nicht gar durch diese umfassende Kategorie ganz eingezogen. Differenzen zwischen Selbsteinschätzung und Fremdwahrnehmung der betreffenden Personen spielen dann kaum noch eine wesentliche Rolle.
Im Rückblick auf zwei Jubiläen soll im Folgenden die Brauchbarkeit der Kategorie „Anonyme Christen“ am Sonderfall „Anonyme Protestanten“ überprüft werden.
Der Titel bedarf einer besonderen Begründung! 800 Jahre Elisabeth von Thüringen: Katholische und Evangelische Kirche begehen z. B. in Hessen mit einer Fülle von Veranstaltungen 2007 das „Elisabethjahr“. Die Ev. Kirche in Kurhessen-Waldeck und die Ev. Kirche in Hessen und Nassau haben unter dem Titel „Krone, Brot und Rosen. 800 Jahre Elisabeth von Thüringen“ einen umfangreichen Veranstaltungskalender vorgelegt. Bereits an ihrem 775. Todestag lassen die hessischen Landeskirchen und Bistümer in ökumenischer Eintracht, aber mit unterschiedlicher Akzentuierung das Elisabethjahr beginnen. „In einem war man sich schnell einig: Elisabeth kann sicher nicht als moderne Sozialapostolin gedeutet werden, die auf die reine Mitmenschlichkeit setzte; dafür waren ihre Christusfrömmigkeit und ihre Christusnachfolge zu stark ausgeprägt; sie verband praktizierte Caritas mit tiefer Gottesbeziehung. Es gab aber ein hartes Ringen um ein gemeinsames Erscheinungsbild des Gedenkens. Das Attribut ‚heilig‘ war für die evangelische Seite nicht akzeptabel. Für Protestanten ist die fürstliche Wohltäterin nur Elisabeth von Thüringen, und so steht es auch auf dem Logo für evangelische Gedenkveranstaltungen. Auf dem Logo für ökumenisch verantwortete Veranstaltungen wird kompromißhaft zusammengefügt: ‚Heilige Elisabeth. Elisabeth von Thüringen‘ “ (Gernot Facius). Wenn ich im Folgenden weiter von der „Hl. Elisabeth“ rede, soll dieser Hintergrund nicht vergessen werden.
Spuren der Elisabeth-Verehrung finden sich aber nicht nur in Deutschland und in Ungarn. Auch in Italien, Portugal, Tschechien, ja sogar in Skandinavien und den baltischen Ländern erinnert man sich an die deutsche Nationalheilige des Mittelalters...
"Du sollst dir kein Bildnis noch irgendein Gleichnis machen, weder des, das oben im Himmel, noch des, das unten auf Erden, oder des, das im Wasser unter der Erde ist" (Exodus 20,4): Dieses Gebot aus dem Dekalog hat die Religions- und Kulturgeschichte immer wieder berührt. Vor allem der reformierte Protestantismus rühmt sich seiner 'Bilderlosigkeit'. Was sind aber 'Bilder'? ...
Mohammad Arkoun (٭1928, Algeria; †2010, Paris) was an influential Muslim intellectual and particularly concerned with - amongst a profound spectrum of scholarly interests – reforming the academic study of Islamic societies. Trained at the University of Algiers (Faculty of Philology) he ventured off to lecture Arab language and literature at the Sorbonne. His engagement with philosophy and sociology led in 1968 to his PhD at the Sorbonne through a work on Ibn Miskawayh’s ethics...
This exploration into Arkoun’s stances on the Quran looks onto the genesis of the Quran, the notion of the Quran as the ‘deliverer of truth’, and with that, its significane for the ‘being in the world’ of Muslim societies. I will also point out some crucial difficulties in the study of Arkoun’s views on the Quran as well as their implications for the study of Islamic cultures.
The Crusade movement is one of the most important occurrences of medieval history. It took place throughout two centuries in the Levant and affected both Muslims and Crusaders and in turn changed the way in which West and East related to one another. When the Crusaders took control of the Holy Land and many Islamic cities in the Levant, they transferred their feudal European system there. They established four main fiefdoms or lordships, Jerusalem, Edessa, Antioch and Tripoli. In addition, there were another twelve secondary fiefdoms, of which Tibnīn was one. Tibnīn was called “Toron” by the Crusaders. Once the Crusaders had captured Tibnīn, they began building its fortified castle, from which the fief of Tibnīn gained its importance throughout the period of the Crusades.
This paper traces the military role of Tibnīn and its rulers in the Latin East against the Muslims until 1187/ 583. Tibnīn played a key role in overcoming the Muslims in Tyre and controlled it in 1124. It also played a vital role in the conflict between Damascus and the Kingdom of Jerusalem. Tibnīn participated in defending Antioch, Banyas, Hebron and Transjordan several times. Furthermore, its soldiers and Knights joined the army of the Kingdom of Jerusalem to capture Ascalon in 1153, and joined the campaigns of Amaury I, King of Jerusalem, against Egypt from 1164 to1169. The military situation of Tibnīn under the rule of the royal house until its fall to the Muslims in 1187/ 583 will be studied as well.
The Crusade movement is one of the most important occurrences of medieval history. It took place throughout two centuries in the Levant and affected both Muslims and Crusaders and in turn changed the way in which West and East related to one another.1 When the Crusaders took control of the Holy Land and many Islamic cities in the Levant, they transferred their feudal European system there. They established four main fiefdoms or lordships, Jerusalem, Edessa, Antioch and Tripoli. In addition, there were another twelve secondary fiefdoms,2 of which Tibnīn was one. Tibnīn was called “Toron” by the Crusaders. Once the Crusaders had captured Tibnīn, they began building its fortified castle, from which the fief of Tibnīn gained its importance throughout the period of the Crusades.
This paper traces the military role of Tibnīn and its rulers in the Latin East against the Muslims until 1187/ 583. Tibnīn played a key role in overcoming the Muslims in Tyre and controlled it in 1124. It also played a vital role in the conflict between Damascus and the Kingdom of Jerusalem. Tibnīn participated in defending Antioch, Banyas, Hebron and Transjordan several times. Furthermore, its soldiers and Knights joined the army of the Kingdom of Jerusalem to capture Ascalon in 1153, and joined the campaigns of Amaury I, King of Jerusalem, against Egypt from 1164 to1169. The military situation of Tibnīn under the rule of the royal house until its fall to the Muslims in 1187/ 583 will be studied as well.
In this essay, one of the most serious problems highlighted with respect to contemporary Iranians, who are mostly known as Shi‘ite-Perso (Shi‘ite-Persian) citizens of Iran, and what their view toward abusing wine and opium is. On one hand, the wealthy Persian literature is full of poems, narrations and notes with reference to wine and opium, while on the other hand, many parts of Shi‘ite-Islamic thought deem wine unclean and illegal, and abusing opium is forbidden except under certain [hard-fulfilling] conditions. Hereby, in this essay the aim is to express why the question “are drinking wine and abusing opium known as addiction or literal culture?” is suspended throughout the young Iranian generation. In this regard, the standpoints of Persian poets and Iranian religious figures towards wine and opium will be considered.
Motivated by the question whether sound and expressive applicative similarities for program calculi with should-convergence exist, this paper investigates expressive applicative similarities for the untyped call-by-value lambda-calculus extended with McCarthy's ambiguous choice operator amb. Soundness of the applicative similarities w.r.t. contextual equivalence based on may-and should-convergence is proved by adapting Howe's method to should-convergence. As usual for nondeterministic calculi, similarity is not complete w.r.t. contextual equivalence which requires a rather complex counter example as a witness. Also the call-by-value lambda-calculus with the weaker nondeterministic construct erratic choice is analyzed and sound applicative similarities are provided. This justifies the expectation that also for more expressive and call-by-need higher-order calculi there are sound and powerful similarities for should-convergence.
The pi-calculus is a well-analyzed model for mobile processes and mobile computations.
While a lot of other process and lambda calculi that are core languages of higher-order concurrent and/or functional programming languages use a contextual semantics observing the termination behavior of programs in all program contexts, traditional program equivalences in the pi-calculus are bisimulations and barbed testing equivalences, which observe the communication capabilities of processes under reduction and in contexts.
There is a distance between these two approaches to program equivalence which makes it hard to compare the pi-calculus with other languages. In this paper we contribute to bridging this gap by investigating a contextual semantics of the synchronous pi-calculus with replication and without sums.
To transfer contextual equivalence to the pi-calculus we add a process Stop as constant which indicates success and is used as the base to define and analyze the contextual equivalence which observes may- and should-convergence of processes.
We show as a main result that contextual equivalence in the pi-calculus with Stop conservatively extends barbed testing equivalence in the (Stop-free) pi-calculus. This implies that results on contextual equivalence can be directly transferred to the (Stop-free) pi-calculus with barbed testing equivalence.
We analyze the contextual ordering, prove some nontrivial process equivalences, and provide proof tools for showing contextual equivalences. Among them are a context lemma, and new notions of sound applicative similarities for may- and should-convergence.
The Paddys River Wetlands in the New South Wales Southern Highlands, southwest of Sydney, are characterised by several watercourses with associated swamps (fens), some of which, on Forestry Corporation of NSW land, have been the focus for removal of Pinus radiata wildings by the Penrose Swamps Conservation Group. In this study we map a population of Eucalyptus aquatica trees in one of these swamps perched above Paddys River (latitude 34.65575o S, longitude 150.21831o E; 600 m elevation). Eucalyptus aquatica is geographically restricted to the Paddys River area and is listed as a threatened species at state and national levels. New findings on the physical characteristics of the swamp in relation to the bedrock geology, stream geomorphology, peat development and the main native plant species, are presented. The occurrence of clumps of Eucalyptus aquatica appears to be independent of the type or thickness of the growing substrate. Rather it is suggested that a continuous supply of water and the shelter afforded by the narrow valley may be key factors determining the distribution of the trees at the study site. An on-going programme of research is underway to study other occurrences of Eucalyptus aquatica.
The Queensland Herbarium Regional Ecosystem Survey and Mapping (QHRESM) program has contributed almost 90000 (89389) specimens to the Queensland Herbarium in Brisbane accounting for 28% of the specimens added to the Herbarium between 1970 and 2011. These specimens have been collected across all bioregions and vegetation communities in Queensland in a systematic sampling program driven by the requirement to sample comprehensively all vegetation communities. The QHRESM’s Queensland Herbarium (BRI) specimens represent more than 79% of the native, and 73% of the naturalised vascular flora of Queensland, as well as making valuable contributions to the bryophytes, lichens and liverworts collections. The data and specimens collected enhance our ability to assess local, state and continental-scale plant diversity, and will be used by botanists, ecologists, governments, business and the public for long into the future.
Natural vegetation of freely draining beach sand ridges in the valley of the Upper Myall River on the lower North Coast of NSW is sclerophyllous open forest or woodland. Based on previous experience on the nearby Eurunderee area, the vegetation on the sand ridges was classified into three types. These were mapped using aerial photographs and field observation. In transects, each 50 m long, the presence of species was scored in 10, 5 X 5 m quadrats. 48 such transects were used sampling all three types of vegetation on the sand ridges and also vegetation in periodically waterlogged sites adjacent to the ridges. Data from the transects, subjected to an ordination using principal components analysis, revealed clear separation between vegetation of the ridges and that of periodically waterlogged sites. In the ordination, vegetation of the ridges formed a continuum with the three types occupying characteristic parts of the continuum, reflecting their respective distributions on sands with different geomorphological histories. The most grassy, tallest forest, termed Dry Sclerophyll Forest (DSF) is on sands either recently disturbed or deposited (Holocene) or closely overlying other substrates. Banksia serrata occurs in DSF. The least grassy, most sclerophyllous, lowest forest or woodland, termed Dry Heath Forest (DHF), occurs on sands apparently little disturbed since they were laid down in the Pleistocene. Banksia aemula occurs in DHF. An intermediate forest, in which Banksia aemula and Banksia serrata occur together, Intermediate Dry Forest (IDF), is most widely found on the sand mass close to Bombah Broadwater. This sand is postulated to have been reworked during the last Glacial Period. In short, the vegetation of these sand ridges largely varies with time since they were laid down or last disturbed in a major way. Preliminary observations indicate the degree of podsolization of their soils is similarly related to this variation in time.
Lysimachia mauritiana Lam. (family Primulaceae), a small short-lived herb native to India, Indian and Pacific Ocean islands, and coastal east Asia, is described as a new naturalised record from the eastern suburbs of Sydney, New South Wales, Australia. It was first recorded in 1981 near Coogee, and grows in exposed rock crevices and seepages on the seacoast, very similar to its natural habitat overseas. Lysimachia mauritiana is known to have been cultivated in the area in 1961 in a home garden, which is the likely source of this introduction; it appears to be spreading locally as a weed.
Vegetation of Little Bora Nature Conservation Trust Agreement, North Western Slopes, New South Wales
(2014)
The vegetation of the Little Bora Nature Conservation Trust Agreement property (560 ha in area), 8 km south east of Bingara (lat 29° 55’S long 150° 37’) in the Gwydir Shire and within the Nandewar Bioregion is described. Eight vegetation communities are defined based on flexible UPGMA analysis of cover-abundance scores of all vascular plant taxa. These communities are mapped based on ground truthing, ADS40 imagery interpretation, topography and substrate. Communities described are: 1) Melaleuca bracteata – Eucalyptus melanophloia – Eucalyptus camaldulensis Woodland, 2) Callitris glaucophylla – Eucalyptus melanophloia – Eucalyptus albens Woodland, 3) Callitris glaucophylla – Eucalyptus melanophloia – Brachychiton populneus Woodland, 4) Eucalyptus albens Woodland, 5) Eucalyptus caleyi – Eucalyptus albens – Callitris glaucophylla Woodland, 6) Callitris glaucophylla – Eucalyptus melanophloia – Eucalyptus albens Woodland, 7) Austrostipa verticillata – Austrostipa scabra Derived Grassland, 8) Eucalyptus melliodora – Eucalyptus dealbata Woodland. A total of 232 vascular plant taxa were found of which 14% were considered exotic in origin. 66 ha of listed threatened communities were mapped along with populations of a currently listed Extinct plant (TSC Act) Dodonaea stenophylla.
A population of 700 Blandfordia cunninghamii Lindl. (family Blandfordiaceae) plants in the Blue Mountains, 100 km west of Sydney, New South Wales was monitored over a period of seven years, during which a part of the population area was burnt in a Hazard Reduction Burn (HRB). The survey measured flowering of Blandfordia cunninghamii in both the burnt and unburnt areas. In part of the unburnt area flowering (in December) was strongly correlated with previous September rainfall, but in another unburnt area there was no flowering at all over the seven years. An enhanced flowering response after fire was found in the burnt area and the diminution of this enhanced response in subsequent years was found to be logarithmic (taking into account potential rainfall effects). No recruitment of juvenile plants after fire was observed. 87% of seeds of Blandfordia cunninghamii were found to be germinable. Slow juvenile growth of Blandfordia cunninghamii in the field was measured over seven years. Seed was collected for two major seedbanks, the NSW Plantbank at the Australian Botanic Garden, Mt Annan and the Millennium Seedbank at Kew in the United Kingdom.
Background: Alzheimer's disease is a common debilitating dementia with known heritability, for which 20 late onset susceptibility loci have been identified, but more remain to be discovered. This study sought to identify new susceptibility genes, using an alternative gene-wide analytical approach which tests for patterns of association within genes, in the powerful genome-wide association dataset of the International Genomics of Alzheimer's Project Consortium, comprising over 7 m genotypes from 25,580 Alzheimer's cases and 48,466 controls.
Principal findings: In addition to earlier reported genes, we detected genome-wide significant loci on chromosomes 8 (TP53INP1, p = 1.4×10−6) and 14 (IGHV1-67 p = 7.9×10−8) which indexed novel susceptibility loci.
Significance: The additional genes identified in this study, have an array of functions previously implicated in Alzheimer's disease, including aspects of energy metabolism, protein degradation and the immune system and add further weight to these pathways as potential therapeutic targets in Alzheimer's disease.
Der vollständige Titel der vorliegenden Arbeit lautet: Sprachwandel in Chur: 'Aufnahmen des Sprachatlasses der deutschen Schweiz (SDS) konfrontiert mit der Mundart von heute'. Entsprechend dieses Programmes sollen folgende Fragen beantwortet werden:
o Was für Aenderungen können wir in der Churer Mundart ausmachen?
o In welche Richtung gehen diese Aenderungen? Lassen sich Tendenzen ausmachen?
o Welche Einflüsse führten zu den festgestellten Veränderungen?
Es ist klar, dass im Rahmen dieser Arbeit nur ein Teil allen Sprachwandels in Chur festgehalten werden konnte. Es ist aber durchaus möglich, anhand der erfassen Veränderungen Schlüsse zu ziehen, die sich auch auf die Mundart von Chur überhaupt übertragen lassen.
Schwerpunktmässig wurden für diese Arbeit Vokalismus und morphologisch-syntaktische Probleme bevorzugt behandelt. Für Konsonantismus eignet sich die Form der schriftlichen Umfrage wenig (Vgl. Kap.l.3.). Der Wandel im mundartlichen Wortschatz ist zu gross, als dass er auch nur annähernd vollständig behandelt werden könnte. Und Stiefkinder mussten auch satzmelodische und rhythmische Probleme bleiben. Dafür wurden anhand ausgesuchter Beispiele Phänomene erfasst, bei welchen der SDS nicht als Grundlage dienen konnte.
Wichtig ist für diese Arbeit, dass mit "der Mundart von heute" auch wirklich heutige Mundart erfasst wurde. Es sollte also keineswegs eine "richtige" Churer Mundart rekonstruiert (auch wenn dies mit den Verweisen auf die SDS-Karten implizit natürlich gemacht worden ist), sondern vielmehr mit den Aussagen der Gewährspersonen (Gwp) gearbeitet werden. In diesem Sinne kann Sekundärliteratur Erhellung bringen, soll aber nicht Untersuchungsgegenstand sein.
SAFE Newsletter : 2014, Q2
(2014)
Many studies about endocrine pollution in the aquatic environment reveal changes in the reproduction system of biota. We analysed endocrine activities in two rivers in Southern Germany using three approaches: (1) chemical analyses, (2) in vitro bioassays, and (3) in vivo investigations in fish and snails. Chemical analyses were based on gas chromatography coupled with mass spectrometry. For in vitro analyses of endocrine potentials in water, sediment, and waste water samples, we used the E-screen assay (human breast cancer cells MCF-7) and reporter gene assays (human cell line HeLa-9903 and MDA-kb2). In addition, we performed reproduction tests with the freshwater mudsnail Potamopyrgus antipodarum to analyse water and sediment samples. We exposed juvenile brown trout (Salmo trutta f. fario) to water downstream of a wastewater outfall (Schussen River) or to water from a reference site (Argen River) to investigate the vitellogenin production. Furthermore, two feral fish species, chub (Leuciscus cephalus) and spirlin (Alburnoides bipunctatus), were caught in both rivers to determine their gonadal maturity and the gonadosomatic index. Chemical analyses provided only little information about endocrine active substances, whereas the in vitro assays revealed endocrine potentials in most of the samples. In addition to endocrine potentials, we also observed toxic potentials (E-screen/reproduction test) in waste water samples, which could interfere with and camouflage endocrine effects. The results of our in vivo tests were mostly in line with the results of the in vitro assays and revealed a consistent reproduction-disrupting (reproduction tests) and an occasional endocrine action (vitellogenin levels) in both investigated rivers, with more pronounced effects for the Schussen river (e.g. a lower gonadosomatic index). We were able to show that biological in vitro assays for endocrine potentials in natural stream water reasonably reflect reproduction and endocrine disruption observed in snails and field-exposed fish, respectively.
We study consumption-portfolio and asset pricing frameworks with recursive preferences and unspanned risk. We show that in both cases, portfolio choice and asset pricing, the value function of the investor/representative agent can be characterized by a specific semilinear partial differential equation. To date, the solution to this equation has mostly been approximated by Campbell-Shiller techniques, without addressing general issues of existence and uniqueness. We develop a novel approach that rigorously constructs the solution by a fixed point argument. We prove that under regularity conditions a solution exists and establish a fast and accurate numerical method to solve consumption-portfolio and asset pricing problems with recursive preferences and unspanned risk. Our setting is not restricted to affine asset price dynamics. Numerical examples illustrate our approach.
We study self- and cross-excitation of shocks in the Eurozone sovereign CDS market. We adopt a multivariate setting with credit default intensities driven by mutually exciting jump processes, to capture the salient features observed in the data, in particular, the clustering of high default probabilities both in time (over days) and in space (across countries). The feedback between jump events and the intensity of these jumps is the key element of the model. We derive closed-form formulae for CDS prices, and estimate the model by matching theoretical prices to their empirical counterparts. We find evidence of self-excitation and asymmetric cross-excitation. Using impulse-response analysis, we assess the impact of shocks and a potential policy intervention not just on a single country under scrutiny but also, through the effect on cross-excitation risk which generates systemic sovereign risk, on other interconnected countries.
Exit strategies
(2014)
We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using a macromodel where banks choose their capital structure and are subject to runs. Under a Taylor rule, the post-crisis interest rate hits the zero lower bound (ZLB) and remains there for several years. In that condition, pre-announced and fast fiscal consolidations dominate - based on output and inflation performance and bank stability - alternative strategies incorporating various degrees of gradualism and surprise. We also examine an alternative monetary strategy in which the interest rate does not reach the ZLB; the benefits from fiscal consolidation persist, but are more nuanced.
We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel theoretical and experimental framework is developed to primarily assess the impact of sellers’ service fees and buyers’ rewards from using electronic payments. Buyers and sellers face a coordination problem, independently choosing a payment method before trading. In the experiment, sellers readily adopt electronic payments but buyers do not. Eliminating service fees or introducing rewards significantly boosts the adoption of electronic payments. Hence, buyers’ incentives play a pivotal role in the diffusion of electronic payments but monetary incentives cannot fully explain their adoption choices. Findings from this experiment complement empirical findings based on surveys and field data.
In dieser Arbeit wurde der langsame Neutroneneinfang (s-Prozess) mit dem Nukleosynthese-Programm NETZ simuliert. Ziel solcher Programme ist es, die solare Häufigkeitsverteilung zu reproduzieren.
Der s-Prozess dient der Synthese von Elementen schwerer als Eisen und ereignet sich in astrophysikalischen Szenarien mit relativ geringen Neutronendichten. Dadurch sind die Neutroneneinfangzeiten meist größer als die Betazerfallszeiten und der Prozesspfad folgt dem Stabilitätstal in der Nuklidkarte. Aus diesem Grund sind die Reaktionsraten gut messbar und es steht ein umfangreiches Daten-Netzwerk zur Verfügung, welches in die Simulationen einfließen kann.
Man unterschiedet zwischen der schwachen- und der Hauptkomponente des s-Prozesses. Die schwache Komponente findet in massereichen Sternen (M > 8M⊙) beim Helium-Kernbrennen und Kohlenstoff-Schalenbrennen statt. Bei Temperaturen über 2.5 × 108 K wird die Reaktion 22Ne(α ,n)25Mg aktiviert, welche Neutronen liefert, die von der Eisensaat eingefangen werden. Bei einer mittleren Neutronendichte von 106/cm3 reicht die Neutronenbestrahlung jedoch nicht aus, um den Synthesefluss über die abgeschlossene Neutronenschale bei N = 50 hinweg zu treiben. Folglich werden nur Isotope zwischen Eisen und Yttrium (56 < A < 90) aufgebaut.
Schwerere Isotope (90 ≤ A ≤ 208) werden dagegen in der Hauptkomponente synthetisiert. Diese findet in thermisch pulsierenden AGB-Sternen statt, in denen während des Helium-Schalenbrennens Neutronen hauptsächlich über die Reaktion 13C(α ,n)16O zur Verfügung gestellt werden.
Am Ende der jeweiligen Brennphasen gibt es einen Anstieg von Temperatur und Neutronendichte, welche jedoch nicht die globale Häufigkeitsverteilung, wohl aber Verzweigungspunkte beeinflussen können. An diesen Punkten liegen die Neutroneneinfang- und Betazerfallszeiten in der gleichen Größenordnung, sodass der s-Prozesspfad aufspaltet.
Hinzu kommt, dass unter stellaren Bedingungen die Reaktionsraten starken Änderungen unterworfen sein können. Bei hohen Temperaturen und Dichten befinden sich die Kerne in angeregten Zuständen, die wie auch der Grundzustand Neutronen einfangen oder radioaktiv zerfallen können, jedoch bei veränderten Raten. Dieser Sachverhalt kann einen Einfluss auf die Häufigkeitsverteilung haben.
Das umfangreiche Reaktionsnetzwerk des s-Prozesses kann schnell und mit guter Genauigkeit mit dem Programm NETZ berechnet werden. Dabei muss dem Programm ein Neutronenpuls - der zeitliche Verlauf von Neutronendichte und Temperatur - vorgegeben werden. Ziel dieser Arbeit war es, einen geeigneten solchen Puls zu finden, um die bisherigen Ergebnisse von NETZ zu optimieren. Außerdem wurde eine Aktualisierung der Reaktionsraten und solaren Häufigkeitsverteilung durchgeführt.
Die neuen Neutronenpulse für die schwache- und Hauptkomponente liefern eine Verbesserung in der Übereinstimmung von berechneter und solarer Häufigkeit. Dabei konnte für die Hauptkomponente sowohl ein Profil mit einem rechteckigen als auch mit einem exponentiellen Verlauf der Neutronendichte gefunden werden.
Darüber hinaus bietet NETZ die Möglichkeit, den Einfluss veränderter Reaktionsraten auf die Häufigkeitsverteilung abzuschätzen. Dazu steht inzwischen auch ein Online-Interface zur Verfügung. Dies ist besonders interessant, wenn es neue Messungen z.B. für Neutroneneinfangreaktionen gibt und man die Relevanz für den s-Prozess bestimmen möchte. So konnte in dieser Arbeit die Bedeutung der kürzlich neu gemessenen Raten für 63,65Cu(n,γ) und 69,71Ga(n,γ) beurteilt werden.
Alzheimer’s disease (AD) is a common, age associated neurodegenerative disease that manifests as progressive dementia and is characterized by accumulation of the amyloid beta (Aβ) peptide which is a processing product of a transmembrane protein termed Alzheimer Amyloid Precursor Protein (APP). The Aβ peptide is generated by a sequential proteolytic processing of APP by two distinct proteases that are termed β- and γ-secretase. The β-secretase, also called BACE-1 or memapsin 2, belongs to the family of aspartyl proteases. BACE-1 evidently cleaves APP in an acidic endosomal compartment after endocytosis of APP, thereby facilitating Aβ peptide generation.
Sorting of transmembrane proteins is generally controlled by sorting signals in the cytoplasmic domains of the cargo proteins. The short cytoplasmic tail of BACE-1 with 23 amino acids contains a sorting signal of the acidic cluster, di-leucine (ACDL) type. The two Leu residues in this determinant are important for the clathrin mediated endocytosis of BACE-1, whereas the acidic residues together with the Leu are required for the endosomal sorting and recycling of BACE-1 back to the plasma membrane. The ACDL motif binds to the members of the GGA (Golgi-localized γ ear-containg ARF- binding proteins) family (GGA1-GGA3) that are involved in the sorting of BACE-1.
One of the major aims of this study was to address the role of flotillins in the intracellular sorting of BACE-1. This study shows that flotillin-1 directly binds to the di-leucine motif in the cytoplasmic tail of BACE-1, whereas flotillin-2 only shows an association mediated by flotillin-1. Flotillin-1 competes with GGA2 for the binding to BACE-1 tail, and thus influences the endosomal sorting of BACE-1. Importantly, depletion of flotillins results in an altered localization of the wildtype BACE-1, whereas the plasma membrane resident Leu to Ala (LLAA) mutant is not affected. Flotillin knockdown results in an accumulation of BACE-1, implicating reduced degradation and enhanced stability of this protease. Thus, flotillins appear to be important for the cellular targeting of BACE-1 and also influence the amyloidogenic processing of APP, as demonstrated by an increase in the amyloidogenic C-99 processing fragments.
When flotillin depleted cells were subjected to apoptotic stresses including Aβ25-35 synthetic peptide (inducer of the extrinsic apoptosis pathway) or several chemotherapeutic agents (staurosporine, brefeldin A, doxorubicin, carboplatin and paclitaxel: intrinsic apoptosis pathway) and cytotoxicity was determined, various apoptotic markers were activated in flotillin depleted cells. Caspase-3 and GGA3 are well accepted apoptosis markers and an enhanced caspase-3 cleavage was detected upon STS induced apoptosis in SH-SY5Y, HeLa, and HaCaT cell lines and increased GGA3 cleavage was observed in MCF7 cell line.
One of the major reasons for the apoptotic sensitivity in the absence of flotillins was a PI3K/Akt signaling defect. Neuroblastoma cells depleted of flotillins showed diminished levels of total Akt, phospho-Akt and phospho-ERK upon STS induced apoptosis. Since PI3K/Akt was the primary survival pathway affected upon STS induced apoptosis, ectopic expression of Akt in neuroblastoma cell line reduced caspase-3 cleavage and retarded apoptosis.
The direct downstream target of Akt is FOXO3a, whose localization was investigated in flotillin depleted cells. A major proportion of FOXO3a was localized in the nucleus of flotillin knockdown cells, implicating that FOXOs are active in these cells and subsequently trigger the transcription of death genes. Strikingly, an essential anti-apoptotic molecule and a major cancer target, Mcl-1, was inherently downregulated in flotillin knockdown cells. Mcl-1 is a chief member of the Bcl-2 family as it plays a pivotal role in cell survival and it is a critical protein in cancer therapeutics as suppression of Mcl-1 protein can curtail the survival and growth of tumorous cells.
Neuroblastoma cells were rescued from undergoing permanent damage due to STS induced apoptosis by overexpression of anti-apoptotic Bcl-2. Phorbol esters are well known PKC activators, and pre-treatment of neuroblastoma cells with phorbol esters along with staurosporine reduced caspase-3 cleavage.
These results demonstrate that absence of flotillins can sensitize cellular systems to apoptosis induction. The two main characteristics of cancer cells include resistance to apoptosis and unresponsiveness to chemotherapeutic agents. It is a well established fact that impaired apoptosis is central to tumour development. This study implicates that the downregulation of flotillin function can trigger cellular susceptibility and enhances apoptosis in response to conventional chemotherapeutic agents. Therefore, flotillins can serve as vital regulators in providing a more rational approach in molecular-targeted therapies for receding cancer growth and survival.
5-lipoxygenase (5-LO) is an enzyme with a substantial role in inflammatory processes. In vitro kinase assays using [32P]-ATP in combination with mutagenesis have revealed that serine residues 271, 523 and 663 can be phosphorylated by MK2, PKA and ERK2 kinases, respectively. A few available reports regarding 5-LO protein sequence have covered up to 30% of the sequence after amino acid sequencing including Ser663. In LCMS/MS analyses of 5-LO tryptic digests from different cellular sources different peptides have been detected; however, none of the three phosphorylations has been detected and only Ser663 was included in the covered sequence.
As there was no comprehensive mass spectrometric analysis of 5-LO, the purpose of this study was to optimize the experimental conditions under which detection of the aforementioned phosphorylation events, as well as other possible post-translational modifications (PTMs), would be feasible. Matrix-Assisted Laser Desorption/Ionization Mass Spectrometry (MALDI-MS) was used for peptide analysis of 5-LO cleaved either by chemical reagents or by proteases. Sequence coverage of 5-LO could be enhanced to be close to completion by combination of results from digestions by trypsin, AspN and chymotrypsin. In-gel trypsin digestion followed by in-solution AspN digestion proved to be a useful sample treatment for reproducible detection of the Ser271-containing peptide.
Nevertheless, in none of the examined cleavage protocols the sequence around Ser523 was detected reproducibly or with acceptable signal intensity for subsequent peptide fragmentation. Propionic anhydride and sulfo-NHS-SS-biotin cross-linker (EZ-linkTM), were used for derivatization of lysine side chains and hindrance of lysine residue recognition by trypsin. Phosphopeptide enrichment became possible after tryptic digestion of these samples, not only due to formation of an individual Ser523-containing peptide, but also because TiO2-mediated enrichment, which is performed in acidic pH, was not impaired by positively charged free lysine side chains. Additionally, biotinylation of lysine residues was exploited for an intermediate enrichment step of the lysine containing peptides, prior to TiO2 phosphopeptide enrichment.
MALDI-MS analysis after in-vitro phosphorylation of 5-LO by the three kinases showed that Ser271 was phosphorylated in the MK2 and PKA kinase assays, while Ser523 was phosphorylated only in the PKA kinase assay. Surpisingly, no phosphopeptides were detected in the in-vitro kinase assays with ERK2, even though the unmodified counterpart of the Ser663-containing peptide was easily detected. The detection limit for each of the three phosphorylation sites was determined by the use of custom made phosphopeptides and an amount of 0.06 pmol of phosphopeptide in 1 μg 5-LO (representing 0.5% phosphorylation rate) was sufficient in all cases for successful enrichment and detection by MS.
In-vitro kinase assays with [32P]-ATP were performed for some kinases that were expected to phosphorylate 5-LO according to in-silico data. Three members of the Src tyrosine kinase family (Fgr, Hck and Yes) and the Ser/Thr specific kinase DNA-PK used 5-LO as their substrate and mainly residues at the N-terminal part of 5-LO were detected phosphorylated by MS (e.g. Y42, Y53). Additional in-vitro assays for recombinant 5-LO modification included incubation with glutathione or compound U73122, previously described as inhibitor of 5-LO.
Since in-vitro assays might have generated artifacts, a method for 5-LO purification from human cells was sought, in order to examine the modification state of the protein in the cellular context. ATP-agarose affinity purification and anti-5-LO immunoprecipitation proved inappropriate for sample purification for MALDI-MS analysis. Consequently, two human cell lines that are able to express 5-LO (Rec-1 Blymphocytes and MM6 monocytes) were transduced with a DNA cassette that contained recombinant human 5-LO sequence with an attached N-terminal FLAG-tag. Anti-FLAG immunoprecipitation was then performed effectively in cell lysates and the precipitated FLAG-5-LO was separated by SDS-PAGE before MALDI-MS analysis.
The examined cell stimuli were expected to result to phosphorylation of 5-LO at Ser523 by PKA in Rec-1 cells and to phosphorylation of Ser271 and/or Ser663 in MM6 cells by activated MK2 and ERK2, respectively. Additionally, under the conditions of MM6 cell stimulation, Fgr, Hck and Yes kinases, which phosphorylated 5-LO in vitro, were expected to be activated and the possibility of 5-LO phosphorylation on tyrosine was investigated. Although immunoblotting results indicated that all the aforementioned phosphorylation events existed in the examined samples, MALDI-MS analysis verified only phosphorylation on Ser271 in differentiated MM6 cells, interestingly regardless of cell stimulation.
Finally, the primary amine derivatization procedure by EZ-linkTM was utilized for MS analysis of lysine rich proteins. In the past, chemical propionylation of histones had been employed prior to trypsin digestion; however it was easily confused in MS with combinations of other PTMs (e.g. acetylation, methylation). Moreover, propionylation is a PTM for histone H3 and this information was lost. Consequently, the EZ-link reagent was more useful for analysis of histones, as unambiguous assignment of PTMs and detection of native propionylation on bovine H3 became possible.
Mechanisms behind how the immune system signals to the brain in response to systemic inflammation are not fully understood. Transgenic mice expressing Cre recombinase specifically in the hematopoietic lineage in a Cre reporter background display recombination and marker gene expression in Purkinje neurons. Here we show that reportergene expression in neurons is caused by intercellular transfer of functional Cre recombinase messenger RNA from immune cells into neurons in the absence of cell fusion. In vitro purified secreted extracellular vesicles (EVs) from blood cells contain Cre mRNA, which induces recombination in neurons when injected into the brain. Although Cre-mediated recombination events in the brain occur very rarely in healthy animals, their number increases considerably in different injury models, particularly under inflammatory conditions, and extend beyond Purkinje neurons to other neuronal populations in cortex, hippocampus, and substantia nigra. Recombined Purkinje neurons differ in their miRNA profile from their nonrecombined counterparts, indicating physiological significance. These observations reveal the existence of a previously unrecognized mechanism to communicate RNA-based signals between the hematopoietic system and various organs, including the brain, in response to inflammation.
Als am 11.10.1987 der Stern- Reporter Sebastian Knauer den toten, erst kurz zuvor vom Amt des Ministerpräsidenten in Kiel zurückgetretenen, Uwe Barschel (CDU) in der Badewanne seines Genfer Hotelzimmers fotografierte1, schuf er eine Fotografie, deren Bekanntheit und Streitbarkeit bis heute nicht verblasst ist.
Securities transaction tax in France: impact on market quality and inter-market price coordination
(2014)
The general concept of a Securities Transaction Tax is controversial among academics and politicians. While theoretical research is quite advanced, the empirical guidance in a fragmented market context is still scarce. Possible negative effects for market liquidity and market efficiency are theoretically predicted, but have not been empirically tested yet. In light of the agreement of eleven European member states to implement an STT, this study aims to give a comprehensive overview of the effects of the STT, introduced in France in 2012, on liquidity demand, liquidity supply, volatility and inter-market information transmission. The results show that the STT has led to a decline in liquidity demand, has had a detrimental effect on liquidity supply and negatively influences the inter-market information transmission efficiency. However, no effect on volatility can be observed.
Die Stellungnahme befasst sich mit einem wichtigen Aspekt der Offenlegung der Bezüge von Entscheidungsträgern im Bankensektor. Komplementär zu der Diskussion um die Veröffentlichung der Vergütung von Vorstandsmitgliedern börsennotierter Unternehmen ist auch auf Landeseben versucht worden, die Transparenz der Vergütung von Führungskräften kommunaler oder landeseigener Unternehmen zu erhöhen. Namentlich sind die Träger der Sparkassen durch den neuen § 19 Abs. 6 des Sparkassengesetzes von Nordrhein-Westfalen verpflichtet worden, darauf „hinzuwirken“, dass die „gewährten Bezüge jedes einzelnen Mitglieds des Vorstands, des Verwaltungsrates und ähnlicher Gremien unter Namensnennung“ veröffentlich werden. Diese Vorschrift ist jedoch weitgehend wirkungslos geblieben; nicht zuletzt weil das OLG Köln in einer einstweiligen Verfügung die Vorschrift mangels Gesetzgebungskompetenz des Landes als nichtig behandelt hat. In dieser Situation ist am 8. August 2013 der Vorschlag eines Gesetzes „zur Offenlegung der Bezüge von Sparkassenführungskräften im Internet“ durch die Fraktion der Piraten im Landtag Nordrhein-Westfalen eingebracht worden. Der Entwurf ist Gegenstand der Stellungnahme, die Helmut Siekmann für den Haushalts- und Finanzausschuss des Landtags Nordrhein-Westfalen erstellt hat. Sie stellt maßgebend darauf ab, dass die Sparkassen als Anstalten des öffentlichen Rechts einen öffentlichen Auftrag zu erfüllen haben und den Grundsätzen des Verwaltungsorganisationsrechts unterliegen. Als Teil der (leistenden) Verwaltung müssen sie Transparenz- und Kontrollansprüchen der Bürger und ihren Repräsentanten in den Parlamenten genügen.
In the United States, on April 1, 2014, the set of rules commonly known as the "Volcker Rule", prohibiting proprietary trading activities in banks, became effective. The implementation of this rule took more than three years, as “proprietary trading” is an inherently vague concept, overlapping strongly with genuinely economically useful activities such as market-making. As a result, the final Rule is a complex and lengthy combination of prohibitions and exemptions.
In January 2014, the European Commission put forward its proposal on banking structural reform. The proposal includes a Volcker-like provision, prohibiting large, systemically relevant financial institutions from engaging in proprietary trading or hedge fund-related business. This paper offers lessons to be learned from the implementation process for the Volcker rule in the US for the European regulatory process.
Der vorliegende Artikel analysiert systematisch die Erreichung der MiFID-Ziele anhand der wissenschaftlichen Literatur. Ziel der MiFID ist es, die Rahmenbedingungen für einen effizienten und kostengünstigen Wertpapierhandel zu schaffen. Erreicht werden soll dies durch die Verschärfung des Wettbewerbs, die Integration der Märkte, die Offenlegung von Handelsintentionen und -geschäften sowie die Stärkung der rechtlichen Position der Investoren. Im Ergebnis zeigt sich, dass die Förderung des Wettbewerbes als erfolgreich bewertet wird, aber die regulatorischen Möglichkeiten der Marktintegration nicht ausgeschöpft werden. Ferner wird die Forderung nach einheitlichen Transparenzbestimmungen für alle Ordermechanismen nur teilweise umgesetzt. Der Anleger erfährt letztlich gegenüber Finanzintermediären durch die MiFID keinen höheren Schutz.
Im Zeitalter von Globalisierung und Massenmigration ergeben sich derzeit nicht nur neue Fragestellungen und Perspektiven für die germanistische Exilforschung, es lässt sich auch ein wachsendes Interesse der Öffentlichkeit am Thema des Exils beobachten. Entscheidende Impulse erhielt die Auseinandersetzung in jüngster Vergangenheit ins besondere durch Herta Müller und ihre Forderung, ein "Museum des Exils" zu gründen. Das Exil in diesem Sinne "in der gegenwärtigen deutschen Erinnerungskultur zu verankern", ist erklärtes Ziel der vom Literaturarchiv Marbach und der Deutschen Nationalbibliothek in Frankfurt am Main initiierten virtuellen Ausstellung 'Künste im Exil', die im September 2013 offiziell freigeschaltet wurde. Das Netzwerkprojekt interessiert sich dabei vor allem auch für die "unerwarteten Verbindungslinien zwischen historisch spezifischen Exil-Situationen". […]
Mit Beiträgen zu Marica Bodrožić, Saša Stanisic, Olga Grjasnowa, Doron Rabinovici, Abbas Khider und Michael Lentz versammelt das Heft einige exemplarische Lektüren zu Exiltexten der Gegenwart. Zum Weiter lesen regt die von Philipp Wulf erstellte Bibliographie zu Texten von in Deutschland lebenden Exilautoren an, die auf der Internetseite der Walter A. Berendsohn Forschungsstelle eingestellt ist. Die Arbeit des "Writers in exile"-Programms stellt Franziska Sperr in ihrem Artikel vor. Yvonne Siebels berichtet über digitale Exil-Portale, zu der auch die virtuelle Ausstellung Künste im Exil gehört. Andreas Marquet stellt den Beitrag zur Tänzerin und Autorin Jo Mihaly vor, mit dem die Forschungsstelle in der digitalen Ausstellung vertreten ist.
Financial innovation is, as usual, faster than regulation. New forms of speculation and intermediation are rapidly emerging. Largely as a result of the evaporation of trust in financial intermediation, an exponentially increasing role is being played by the so-called peer to peer intermediation. The most prominent example at the moment is Bitcoin.
If one expects that shocks in these markets could destabilize also traditional financial markets, then it will be necessary to extend regulatory measures also to these innovations.
Fünf Jahre nach Beginn der Banken- und Staatsschuldenkrise („Finanzkrise“) kämpfen wir weiterhin mit den elementaren Problemen: Bei Märkten und Marktteilnehmern fehlt es an Stabilität und Vertrauen. Viele Banken stehen immer noch nicht auf eigenen Füßen und nehmen die ihnen in Europa traditionell zukommende zentrale Rolle für Wachstum und Entwicklung nicht wahr. Den guten Absichten, auf die sich die großen politischen Mächte während der ersten G-20 Treffen 2008 und 2009 verständigt hatten, ist eine Reihe von sinnvollen Ideen und Konzepten gefolgt. Die Voraussetzungen für einen grundlegenden reformerischen Erfolg sind somit gegeben – doch nun muss die Umsetzung folgen. Dazu bedarf es mutiger Entscheidungen. Im Jahr 2014 muss die europäische Politik gleich mehrere Weichen stellen. Der Bundesregierung kommt dabei die Schlüsselrolle zu. Sie muss den Mut haben zu radikaler Ordnungspolitik!
This article discusses the recent proposal for debt restructuring in the euro zone by Pierre Paris and Charles Wyplosz. It argues that the plan cannot realize the promised debt relief without producing moral hazard. Ester Faia revisits the Redemption Fund proposed in November 2011 by the German Council of Economic Experts and argues that this plan, up to date, still remains the most promising path towards succesful debt restructuring in Europe.
Das ursprüngliche Ziel des Erneuerbare-Energien-Gesetz war die Verringerung der Emissionen. Eigentlich hat die Politik bereits ein Instrument an der Hand, das dieses Ziel fokussiert und kostensparend erreichen kann: den Handel mit CO2-Zertifikaten. Der Autor argumentiert, dass das Nebeneinander von CO2-Handel und EEG höchst unproduktiv ist und schleunigst beendet werden sollte. Ein plausibleres Argument für den politischen Erfolg des EEG und das derzeitige Herumdoktern im Detail ist, dass die Politik mit dem EEG Industriepolitik betreiben und die Kosten auf zukünftige Parlamente und Generationen überwälzen kann.
On November 8, 2013, several members of the British House of Lords’ Subcommittee A conducted a hearing at the ECB in Frankfurt, Germany, on “Genuine Economic and Monetary Union and its Implications for the UK”. Professors Otmar Issing and Jan Pieter Krahnen were called as expert witnesses.
The testimony began with a general discussion on the elements considered necessary for a functioning internal market. Do economic union and monetary union require a fiscal union or even a political union, beyond the elements of the banking union currently being prepared? In this context, also the critique of the German current account surplus and the international expectations that Germany stimulate internal demand to support growth in crisis countries, were discussed.
With regard to the monetary union, the members of the subcommittee asked for an assessment of how European nations and the banking industry would have fared in the banking crisis that followed the Lehman collapse, had there not been a common currency. Given the important role that the ECB has played in the course of the crisis management, the members further asked for an evaluation of the OMT-program of the ECB and also if the monetary union is in need of common debt instruments, in order to provide the ECB with the possibility of buying EU liabilities, comparable to the Fed buying US Treasury bonds. Finally, the dual role of the ECB for monetary policy and banking supervision was an issue touched on by several questions.
In many cases, the dire situation of public finances calls into question the very soundness of sovereigns and prompts corrective actions with far-reaching consequences. In this context, European authorities responded with several measures on different fronts, for instance by passing the "Fiscal Compact", which entered into force on January 1, 2013. Of critical importance in this framework is the assessment of a country’s situation by way of statistical measures, in order to take corrective actions when called for according to the letter of the law. If these statistics are not correct, there is a risk of imposing draconian measures on countries that do not really need it.
Before the 2007–09 crisis, standard risk measurement methods substantially underestimated the threat to the financial system. One reason was that these methods didn’t account for how closely commercial banks, investment banks, hedge funds, and insurance companies were linked. As financial conditions worsened in one type of institution, the effects spread to others. A new method that more accurately accounts for these spillover effects suggests that hedge funds may have been central in generating systemic risk during the crisis.
Social impact bonds are a special type of bond whose purpose is to provide long term funds to projects with a social impact. Especially in the UK and in the US these bonds are increasingly being used to raise funds to finance government projects. Their return depends on the social improvements achieved. Especially in times of crisis, governments lack funds to prevent the social consequences of recessions. Faia argues that the European Union should develop an equivalent to the British Social Finance Ltd. to finance projects for social improvement.
Neither Northerners are willing to invest in a South they perceive as unwilling to undertake necessary structural reforms, nor are Southerners willing to invest in their countries in a climate of austerity and policy uncertainty imposed, in their view, by the North. This results in a vicious cycle of mistrust. However, as the author argues, big steps in the direction of reforms may provide just enough thrust to break out of this vicious cycle, propel southern countries – and especially Greece – to a much happier future, and promote the chances for more balanced economic performance in North and South.
Social Security rules that determine retirement, spousal, and survivor benefits, along with benefit adjustments according to the age at which these are claimed, open up a complex set of financial options for household decisions. These rules influence optimal household asset allocation, insurance, and work decisions, subject to life cycle demographic shocks, such as marriage, divorce, and children. Our model-based research generates a wealth profile and a low and stable equity fraction consistent with empirical evidence. We confirm predictions that wives will claim retirement benefits earlier than husbands, while life insurance is mainly purchased by younger men. Our policy simulations imply that eliminating survivor benefits would sharply reduce claiming differences by sex while dramatically increasing men’s life insurance purchases.
One of the motivations for establishing a European banking union was the desire to break the ties with between national regulators and domestic financial institutions in order to prevent regulatory capture. However, supervisory authority over the financial sector at the national level can also have valuable public benefits. The aim of this policy letter is to detail these public benefits in order to counter discussions that focus only on conflicts of interest. It is informed by an analysis of how financial institutions interacted with policy-makers in the design of national bank rescue schemes in response to the banking crisis of 2008. Using this information, it discusses the possible benefits of close cooperation between financial institutions and regulators and analyzes these in the wake of a European banking union.
The exposure to tobacco smoke during pregnancy is considered to be amongst the most harmful avoidable risk factors. In this scientometric and gender study scientific data on smoking and pregnancy was analyzed using a variety of objective scientometric methods like the number of scientific contributions, the number of citations and the modified h-index in combination with gender-specific investigations. Covering a time period from 1900 to 2012, publishing activities of 27,955 authors, institutions and countries, reception within the international scientific community and its reactions were analyzed and interpreted. Out of 10,043 publications the highest number of scientific works were published in the USA (35.5%), followed by the UK (9.9%) and Canada (5.3%). These nations also achieve the highest modified h-indices of 128, 79 and 62 and the highest citation rates of 41.4%, 8.6% and 5.3%, respectively. Out of 12,596 scientists 6,935 are female (55.1%), however they account for no more than 49.7% of publications (12,470) and 42.8% of citations (172,733). The highest percentage of female experts about smoking and pregnancy is found in Australasia (60.7%), while the lowest is found in Asia (41.9%). The findings of the study indicate an increase in gender equality as well as in quantity and quality of international scientific research about smoking and pregnancy in the future.
In this work we study basic properties of unstable particles and scalar hadronic resonances, respectively, within simple quantum mechanical and quantum field theoretical (effective) models. The term 'particle' is usually assigned to entities, described by physical theories, that are able to propagate over sufficiently large time scales (e.g. from a source to a detector) and hence could be identified in experiments - one especially should be able to measure some of their distinct properties like spin or charge. Nevertheless, it is well known that there exists a huge amount of unstable particles to which it seems difficult to allocate such definite values for their mass and decay width. In fact, for extremely short-lived members of that species, so called resonances, the theoretical description turns out to be highly complicated and requires some very interesting concepts of complex analysis.
In the first chapter, we start with the basic ideas of quantum field theory. In particular, we introduce the Feynman propagator for unstable scalar resonances and motivate the idea that this kind of correlation function should possess complex poles which parameterize the mass and decay width of the considered particle. We also brie
y discuss the problematic scalar sector in particle physics, emphasizing that hadronic loop contributions, given by strongly coupled hadronic intermediate states, dominate its dynamics. After that, the second chapter is dedicated to the method of analytic continuation of complex functions through branch cuts. As will be seen in the upcoming sections, this method is crucial in order to describe physics of scalar resonances because the relevant functions to be investigated (namely, the Feynman propagator of interacting quantm field theories) will also have branch cuts in the complex energy plane due to the already mentioned loop contributions. As is consensus among the physical community, the understanding of the physical behaviour of resonances requires a deeper insight of what is going on beyond the branch cut. This will lead us to the idea of a Riemann surface, a one-dimensional complex manifold on which the Feynman propagator is defined.
We then apply these concepts to a simple non-relativistic Lee model in the third chapter and demonstrate the physical implications, i.e., the motion of the propagator poles and the behaviour of the spectral function. Besides that, we investigate the time evolution of a particle described by such a model. All this will serve as a detailed preparation in order to encounter the rich phenomena occuring on the Riemann surface in quantum field theory. In the last chapter, we finally concentrate on a simple quantm field theoretical model which describes the decay of a scalar state into two (pseudo)scalar ones. It is investigated how the motion of the propagator poles is in
uenced by loop contributions of the two (pseudo)scalar particles. We perform a numerical study for a hadronic system involving a scalar seed state (alias the σ-meson) that couples to pions. The unexpected emergence of a putative stable state below the two-pion threshold is investigated and it is claeifieed under which conditions such a stable state appears.
There are no European recommendations on issues specifically related to lung transplantation (LTX) in cystic fibrosis (CF). The main goal of this paper is to provide CF care team members with clinically relevant CF-specific information on all aspects of LTX, highlighting areas of consensus and controversy throughout Europe. Bilateral lung transplantation has been shown to be an important therapeutic option for end-stage CF pulmonary disease. Transplant function and patient survival after transplantation are better than in most other indications for this procedure. Attention though has to be paid to pretransplant morbidity, time for referral, evaluation, indication, and contraindication in children and in adults. This review makes extensive use of specific evidence in the field of lung transplantation in CF patients and addresses all issues of practical importance. The requirements of pre-, peri-, and postoperative management are discussed in detail including bridging to transplant and postoperative complications, immune suppression, chronic allograft dysfunction, infection, and malignancies being the most important. Among the contributors to this guiding information are 19 members of the ECORN-CF project and other experts. The document is endorsed by the European Cystic Fibrosis Society and sponsored by the Christiane Herzog Foundation.
Objective: To analyze Mucograft (MG), a recently introduced collagen matrix, in vitro and in vivo, and compare it with BioGide (BG), a well-established collagen membrane, as control.
Material and methods: A detailed analysis of the materials surface and ultra-structure was performed. Cellular growth patterns and proliferation rates of human fibroblasts on MG and BG were analyzed in vitro. In addition, the early tissue reaction of CD-1 mouse to these materials was analyzed by means of histological and histomorphometrical analysis.
Results: MG showed a three-fold higher thickness both in dry and wet conditions, when compared to BG. The spongy surface of BG significantly differed from that of MG. Cells showed a characteristic proliferation pattern on the different materials in vitro. Fibroblasts tended to proliferate on the compact layers of both collagens, with the highest values on the compact side of BG. In vivo, at day three both materials demonstrated good tissue integration, with a mononuclear cell sheet of fibroblasts on all surfaces, however, without penetrating into the materials.
Conclusions: The findings of this study showed that MG and BG facilitate cell proliferation on both of their surfaces in vitro. In vivo, these two materials induce a comparable early tissue reaction, while serving as cell occlusive barriers.
This work deals with the determination of the scale parameter ΛM̄S̄ from lattice QCD and perturbation theory results of the static quark-antiquark potential for nf = 2. The investigation is done in momentum space. Lattice methods as well as perturbation theory calculations are introduced. Another part of this work concerns the calculation of the quark-antiquark potential from gauge link configurations for nf = 2 + 1 + 1.
Low-energy effective models for two-flavor quantum chromodynamics and the universality hypothesis
(2014)
Die Untersuchung der Natur auf extremen Längenskalen hat seit jeher zu bahnbrechenden Einsichten und Innovationen geführt. Insbesondere zu unserem heutigen Verständnis, dass Nukleonen (Protonen und Neutronen) aus Quarks zusammengesetzt sind, die infolge der starken Wechselwirkung, vermittelt durch Gluonenaustausch, gebunden sind. Mit dem Aufkommen des Quarkmodells wurde bald die Quantenchromodynamik (QCD) erfolgreich in der Beschreibung vieler messbarer Eigenschaften der starken Wechselwirkung. Um es mit Goethe zu sagen: mit den modernen Hochenergie-Beschleuniger-Experimenten wird versucht unser Verständnis davon zu verbessern, was die Welt im Innersten zusammenhält. Am Large Hadron Collider (LHC) werden beispielsweise Protonen derart beschleunigt und miteinander zur Kollision gebracht, dass bislang unerreichte Energiedichten auftreten, infolge derer Temperatur und baryochemisches Potential Werte annehmen, die mit denen des frühen Universums vergleichbar sind. Es gibt sowohl theoretische als auch experimentelle Hinweise darauf, dass hadronische Materie mit zunehmender Temperatur und/oder zunehmendem baryochemischen Potentials einen Phasenübergang durchläuft, hin zu einem exotischen Zustand, der als Quark-Gluon-Plasma bekannt ist. Dieser Übergang wird begleitet von einem sogenannten chiralen Übergang. Es ist eine wichtige Frage, ob es sich bei diesem chiralen Übergang um einen echten Phasenübergang (von erster bzw. zweiter Ordnung) handelt, oder ob ein sogenannter crossover vorliegt. Einige Resultate deuten auf einen crossover für verschwindendes baryochemisches Potential und einen Phasenübergang erster Ordnung für verschwindende Temperatur hin, lassen jedoch noch keinen endgültigen Schluss zu, ob dies tatsächlich der Realität entspricht. Wenn ja, so liegt die Annahme nahe, dass ein kritischer Endpunkt existiert, an dem der chirale Übergang von zweiter Ordnung ist. In der Tat existiert ein kritischer Endpunkt in einigen theoretischen Zugängen zur Beschreibung des chiralen Phasenübergangs, deren Aussagekraft seit jeher lebhaft diskutiert wird. Ein zentrales Ziel des zukünftigen CBM-Experiments an der GSI in Darmstadt ist es, die Existenz im Experiment zu überprüfen.
In der Nähe des QCD-(Phasen)übergangs ist es die Abwesenheit jeglicher perturbativer Entwicklungsparameter, die exakte analytische Berechnungen verbietet. Das gleiche gilt für realistische effektive Modelle für QCD. Nichtperturbative Methoden sind daher unverzichtbar für die Untersuchung des QCD-Phasendiagramms. Zu den populärsten dieser Zugänge gehören Gitter-QCD, Resummierungsverfahren, der Dyson-Schwinger-Formalismus, sowie die Funktionale Renormierungsgruppe (FRG). All diese Methoden ergänzen sich gegenseitig und werden zum Teil auch miteinander kombiniert. Eine der Stärken der FRG-Methode ist, dass sie nicht nur erfolgreich auf effektive Modelle angewendet werden kann, sondern auch auf QCD selbst. Für letztere Ab-Initio-Rechnungen sind die aus effektiven Modellen für QCD gewonnenen Resultate von grossem Wert.
Der Schwerpunkt der vorliegenden Arbeit liegt auf der Fragestellung von welcher Ordnung der chirale Phasenübergang im Fall von genau zwei leichten Quarksorten ist. Problemstellungen wie die Suche nach einer Antwort auf die Frage nach den Bedingungen für die Existenz eines Phasenübergangs zweiter Ordnung, die Bestimmung der Universalitätsklasse in diesem Fall etc. erfordern Wissen aus verschiedenen Gebieten.
Kapitel 1 besteht aus einer allgemeinen Einleitung.
In Kapitel 2 stellen wir zunächst einige allgemeine Aspekte von Phasenübergängen dar, die von besonderer Relevanz für das Verständnis des Renormierungsgruppen-Zugangs zu ebendiesen sind. Unser Fokus liegt hierbei auf einer kritischen Untersuchung der Universalitätshypothese. Insbesondere die Rechtfertigung des linearen Sigma-Modells als effektive Theorie für den chiralen Ordnungsparameter beruht auf der Gültigkeit selbiger.
Kapitel 3 beschäftigt sich mit dem chiralen Phasenübergang von einem allgemeinen Standpunkt aus. Wir ergünzen wohlbekannte Fakten durch eine detaillierte Diskussion der sogenannten O(4)-Hypothese. Die Überprüfung der Gültigkeit selbiger wird schließlich in Kapitel 6 und 7 in Angriff genommen.
In Kapitel 4 stellen wir die von uns benutzte FRG-Methode vor. Außerdem diskutieren wir den Zusammenhang zwischen effektiven Theorien für QCD und der QCD selbst.
Kapitel 5 behandelt ein mathematisches Thema, das für alle unserer Untersuchungen unabdingbar ist, nämlich die systematische Konstruktion polynomialer Invarianten zu einer gegebenen Symmetrie. Wir präsentieren einen einfachen, jedoch neuartigen, Algorithmus für die praktische Konstruktion von Invarianten einer gegebenen polynomialen Ordnung.
Kapitel 6 widmet sich Renormierungsgruppen-Studien einer Reihe dimensional reduzierter Theorien. Von zentralem Interesse ist hierbei das lineare Sigma-Modell, insbesondere in Anwesenheit der axialen Anomalie. Es stellt sich heraus, dass die Fixpunkt-Struktur des letzteren vergleichsweise kompliziert ist und ein tieferes Verständnis der zugrundeliegenden Methode sowie ihrer Annahmen erfordert. Dies führt uns zu einer sorgfältigen Analyse der Fixpunkt-Struktur von Modellen verschiedenster Symmetrien. Im Zusammenhang mit der Untersuchung des Einflusses von Vektor- und Axial-Vektor-Mesonen stoßen wir hierbei auf eine neue Universalitä}tsklasse.
Während wenig Spielraum für die Wahl der Symmetriegruppe der effektiven Theorie für den chiralen Ordnungsparameter besteht, ist die Identifizierung der Ordnungsparameter-Komponenten mit den relevanten mesonischen Freiheitsgraden hochgradig nichttrivial. Diese Wahl entspricht der Wahl einer Darstellung der Gruppe und kann zur Zeit nicht eindeutig aus der QCD hergeleitet werden. Es ist daher unerlässlich, verschiedene Möglichkeiten auszutesten. Eine wohlbekannte Wahl besteht darin, das Pion und seinen chiralen Partner, das Sigma-Meson, der O(4)-Darstellung für SU(2)_A x SU(2)_V zuzuordnen, welche einen Phasenübergang zweiter Ordnung erlaubt. Dieses Szenario ist jedoch nur dann sinnvoll, wenn nahe der kritischen Temperatur alle anderen Mesonen entsprechend schwer sind. Im Fall von genau zwei leichten Quarkmassen erfordert dies eine hinreichend große Anomaliestärke. Berücksichtigt man zusätzlich zum Pion und Sigma-Meson auch das Eta-Meson und das a_0-Meson, liefern unsere derzeitigen expliziten Rechnungen keinen Nachweis für die Existenz eines Phasenübergang zweiter Ordnung. Stattdessen spricht die Abwesenheit eines physikalischen (hinsichtlich der Massen) infrarot-stabilen Fixpunktes für einen fluktuationsinduzierten Phasenübergang erster Ordnung. Dieses Ergebnis ist auch zu erwarten (jedoch nicht impliziert), allein durch die Existenz zweier quadratischer Invarianten. Es besteht jedoch immer noch eine hypothetische Chance auf einen Phasenübergang zweiter Ordnung in der SU(2)_A x U(2)_V -Universalitätsklasse. Dies wäre der Fall, wenn der entsprechende von uns gefundene unphysikalische infrarot-stabile Fixpunkt physikalisch werden sollte in höherer Trunkierungsordnung. Interessanterweise finden wir bei endlicher Temperatur für gewisse Parameter einen Phasenübergang zweiter Ordnung. Es ist unklar, ob diese Wahl der Parameter in den Gültigkeitsbereich der dimensional reduzierten Theorie fällt.
Erst vor kurzem (Ende September 2013) wurde die Existenz eines infrarot-stabilen U(2)_A x U(2)_V-symmetrischen Fixpunkts durch Pelissetto und Vicari verifiziert (die zugehörige anomale Dimension ist mit 0.12 angegeben). Dieses Resultat war sehr
überraschend, da für zwei leichte Quarksorten und abwesende Anomalie ein Phasenübergang erster Ordnung relativ gesichert erschien, insbesondere durch die Epsilon-Entwicklung. Offensichtlich versagt letztere jedoch im Limes D=3, also für drei räumliche Dimensionen, da lediglich Fixpunkte gefunden werden können, die auch nahe D=4 existieren. Inspiriert durch diesen wichtigen Fund führen wir eine FRG-Fixpunktstudie in lokaler Potential-Näherung und hoher Trunkierungsordnung (bis zu zehnter Ordnung in den Feldern) durch. Die Stabilitätsanalyse besitzt jedoch leider keine Aussagekraft, da die Stabilitätsmatrix für den Gaußschen Fixpunkt marginale Eigenwerte besitzt. Wir sind überzeugt davon, dass dies nicht mehr der Fall ist, wenn man über die lokale Potential-Näherung hinausgeht und eine nichtverschwindende anomale Dimension zulässt. Die bisherigen Resultate verdeutlichen die Limitierungen der lokalen Potential-Näherung und der Epsilon-Entwicklung, auf denen unsere Untersuchungen zur Universalitätshypothese in weiten Teilen beruhen. Systematische Untersuchungen der Fixpunktstruktur von Modellen mit acht Ordnungsparameter-Komponenten wurden in der Literatur im Rahmen der Epsilon-Entwicklung durchgeführt und im Rahmen dieser Dissertation innerhalb der lokalen Potential-Näherung. Die meisten der Vorhersagen der Epsilon-Entwicklung konnten bestätigt werden, einige hingegen werden in Frage gestellt durch das Auftauchen marginaler Stabilitätsmatrix-Eigenwerte.
Einige wichtige Fragestellungen können nicht im Rahmen einer dimensional reduzierten Theorie behandelt werden, da die explizite Temperaturabhängigkeit in diesem Fall eliminiert wurde.
Insbesondere ist es in diesem Fall nicht möglich, die Stärke eines Phasenübergangs erster Ordnung vorherzusagen, da diese von Observablen (Meson-Massen und die Pion-Zerfallskonstante im Vakuum) abhängen, an die man bei verschwindender Temperatur fitten muss. Dieser Umstand führt uns zu solchen FRG-Studien, in denen die Temperatur als expliziter Parameter verbleibt.
Ein beträchtlicher Teil der für die vorliegende Dissertation zur Verfügung stehenden Arbeitszeit wurde darauf verwendet, eigene Implementierungen geeigneter Algorithmen zur numerischen Lösung der auftretenden partiellen Differentialgleichungen zu finden. Exemplarische Routinen (welche ausschließlich wohlbekannte Methoden nutzen) sind in einem Anhang zur Verfügung gestellt. Das Hauptziel der vorliegenden Arbeit, die Anwendung auf effektive Modelle für QCD, wird in Kapitel 7 präsentiert. Unsere (vorläufigen) FRG-Studien des linearen Sigma-Modells mit axialer Anomalie bei nichtverschwindender Temperatur erlauben verschiedene Szenarien. Sowohl einen extrem schwach ausgeprägten, als auch einen sehr deutlichen Phasenübergang erster Ordnung, ganz abhängig von der Wahl der Ultraviolett-Abschneideskala und oben genannter Parameter. Sogar ein Phasenübergang zweiter Ordnung scheint möglich für gewisse Parameterwerte. Um verlässliche Schlussfolgerungen zu ziehen, sind weitere Untersuchungen nötig und bereits im Gange. In Kapitel 7 verifizieren wir außerdem bereits bekannte numerische Resultate für das Quark-Meson-Modell.
This paper makes a conceptual contribution to the effect of monetary policy on financial stability. We develop a microfounded network model with endogenous network formation to analyze the impact of central banks' monetary policy interventions on systemic risk. Banks choose their portfolio, including their borrowing and lending decisions on the interbank market, to maximize profit subject to regulatory constraints in an asset-liability framework. Systemic risk arises in the form of multiple bank defaults driven by common shock exposure on asset markets, direct contagion via the interbank market, and firesale spirals. The central bank injects or withdraws liquidity on the interbank markets to achieve its desired interest rate target. A tension arises between the beneficial effects of stabilized interest rates and increased loan volume and the detrimental effects of higher risk taking incentives. We find that central bank supply of liquidity quite generally increases systemic risk.
This paper explores consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded add-on prices and firms try to exploit it. Allowing for different information and pricing strategies we show that education is unlikely to push firms to disclose prices towards all consumers, which would be socially efficient. Instead, price discrimination emerges as a new equilibrium. Further, due to a feedback on prices, education that is good for consumers who become sophisticated may be bad for consumers who stay naive and even for the group of all consumers as a whole
This paper makes a conceptual contribution to the effect of monetary policy on financial stability. We develop a microfounded network model with endogenous network formation to analyze the impact of central banks' monetary policy interventions on systemic risk. Banks choose their portfolio, including their borrowing and lending decisions on the interbank market, to maximize profit subject to regulatory constraints in an asset-liability framework. Systemic risk arises in the form of multiple bank defaults driven by common shock exposure on asset markets, direct contagion via the interbank market, and firesale spirals. The central bank injects or withdraws liquidity on the interbank markets to achieve its desired interest rate target. A tension arises between the beneficial effects of stabilized interest rates and increased loan volume and the detrimental effects of higher risk taking incentives. We find that central bank supply of liquidity quite generally increases systemic risk.
This paper investigates the role of monetary policy in the collapse in the long-term real interest rates in the decade before the onset of the financial crisis using a sample of five advanced economies (United States, United Kingdom, the euro area, Sweden and Canada). The results from an estimated panel VAR with monthly data show that, while monetary policy shocks had negligible effects on long-term real interest rates, shocks to the long-term real interest rates had a one-to-one effect on the short nominal rate.
This paper empirically tests the role of bank lending tightening on non-financial corporate (NFC) bond issuance in the eurozone. By utilizing a unique data set provided by the ECB Bank Lending Survey, we capture the "pure" credit supply effect on corporate external financing. We find that tightened credit standards positively affect the NFC bond issuance: A 1pp increase in banks reporting considerable tightening on loans leads to around a 7% increase in firms' bond issuance in the eurozone. Focusing on a spectrum of aspects contributing to bank credit tightening, we document that banks' balance sheet constraints, as well as the perception of risk lead to significantly higher NFC bond issuance. In addition, we show that stricter lending conditions, such as wider margins, higher collateral requirements and covenants significantly increase NFC bond issuance volumes too. Furthermore, the impact of bank credit tightening on firms' bond issuance is particularly observable in core eurozone countries and not in peripheral countries. This is partially due to the underdeveloped of debt capital markets in the peripheral countries.
This paper investigates the determinants of value and growth investing in a large administrative panel of Swedish residents over the 1999-2007 period. We document strong relationships between a household’s portfolio tilt and the household’s financial and demographic characteristics. Value investors have higher financial and real estate wealth, lower leverage, lower income risk, lower human capital, and are more likely to be female than the average growth investor. Households actively migrate to value stocks over the life-cycle and, at higher frequencies, dynamically offset the passive variations in the value tilt induced by market movements. We verify that these results are not driven by cohort effects, financial sophistication, biases toward popular or professionally close stocks, or unobserved heterogeneity in preferences. We relate these household-level results to some of the leading explanations of the value premium.
We analyze the risk premium on bank bonds at origination with a special focus on the role of implicit and explicit public guarantees and the systemic relevance of the issuing institutions. By looking at the asset swap spread on 5,500 bonds, we find that explicit guarantees and sovereign creditworthiness have a substantial effect on the risk premium. In addition, while large institutions still enjoy lower issuance costs linked to the TBTF framework, we find evidence of enhanced market disciple for systemically important banks which face, since the onset of the financial crisis, an increased premium on bond placements.
We examine the impact of so-called "Crisis Contracts" on bank managers' risk-taking incentives and on the probability of banking crises. Under a Crisis Contract, managers are required to contribute a pre-specified share of their past earnings to finance public rescue funds when a crisis occurs. This can be viewed as a retroactive tax that is levied only when a crisis occurs and that leads to a form of collective liability for bank managers. We develop a game-theoretic model of a banking sector whose shareholders have limited liability, so that society at large will suffer losses if a crisis occurs. Without Crisis Contracts, the managers' and shareholders' interests are aligned, and managers take more than the socially optimal level of risk. We investigate how the introduction of Crisis Contracts changes the equilibrium level of risk-taking and the remuneration of bank managers. We establish conditions under which the introduction of Crisis Contracts will reduce the probability of a banking crisis and improve social welfare. We explore how Crisis Contracts and capital requirements can supplement each other and we show that the efficacy of Crisis Contracts is not undermined by attempts to hedge.
Banks can deal with their liquidity risk by holding liquid assets (self-insurance), by participating in interbank markets (coinsurance), or by using flexible financing instruments, such as bank capital (risk-sharing). We use a simple model to show that undiversifiable liquidity risk, i.e. the liquidity risk that banks are unable to coinsure on interbank markets, represents an important risk factor affecting their capital structures. Banks facing higher undiversifiable liquidity risk hold more capital. We posit that empirically banks that are more exposed to undiversifiable liquidity risk are less active on interbank markets. Therefore, we test for the existence of a negative relationship between bank capital and interbank market activity and find support in a large sample of U.S. commercial banks.
Plus Puls : 2014, 1
(2014)
Background: Nodular lymphocyte predominant Hodgkin lymphoma (NLPHL) usually presents in middle aged men and shows an indolent clinical behavior. However, up to 30% of the patients present a secondary transformation into aggressive diffuse large B cell lymphoma (DLBCL). The aim of the present study was to characterize morphology and immunophenotype of this kind of DLBCL in detail and compare it with conventional DLBCL.
Methods: Morphology and immunophenotype of 33 cases of NLPHL with simultaneous or sequential transformation into DLBCL were investigated. These cases were compared with 41 de novo DLBCL in Finnish men.
Results: The majority of cases exhibited different immunophenotypes in the NLPHL and the DLBCL components. The immunophenotype of the DLBCL secondary to NLPHL was heterogeneous. However, BCL6, EMA, CD75 and J-chain were usually expressed in both components (≥73% positive). Overall, the NLPHL component was more frequently positive for EMA, CD75 and J-chain than the DLBCL component. In contrast, B cell markers, CD10 and BCL2, were more frequently expressed and were expressed at higher levels in the DLBCL component than in the NLPHL component. In the independent series of de novo DLBCL 4 cases could be identified with a growth pattern and immunophenotype that suggested that they had arisen secondarily from NLPHL.
Conclusions: The morphology and immunophenotype of DLBCL arisen from NLPHL is heterogeneous. Further characterization of the particular molecular features of this subgroup is warranted to be able to better identify these cases among conventional DLBCL.
Wissenschaftliche Koordination der „SÖF-Energiewende“ +++ Energiewende: Neue Möglichkeiten der zivilgesellschaftlichen Beteiligung +++ GAIA Best Paper Award für ISOE-Wissenschaftler +++ Weltbiodiversitätsrat: ISOE-Forscherin als Expertin nominiert +++ Abwasser als Ressource +++ Neue Infrastrukturen verknüpfen Wasser und Energie +++ Weltwassertag: Feierlichkeiten in Outapi/Namibia +++ Workshop zu Grauwassernutzung +++ Lehrveranstaltungen im Sommersemester +++ ISOE baut Kommunikation in Social Media aus +++ Termine +++ Publikationen
Increased oxidative stress and reduced nitric oxide (NO) bioavailability play a causal role in endothelial cell dysfunction occurring in the vasculature of diabetic patients. In this review, we summarized the molecular mechanisms underpinning diabetic endothelial and vascular dysfunction. In particular, we focused our attention on the complex interplay existing among NO, reactive oxygen species (ROS), and one crucial regulator of intracellular ROS production, p66Shc protein.
The common aim of transcranial stimulation methods is the induction or alterations of cortical excitability in a controlled way. Significant effects of each individual stimulation method have been published; however, conclusive direct comparisons of many of these methods are rare. The aim of the present study was to compare the efficacy of three widely applied stimulation methods inducing excitability enhancement in the motor cortex: 1 mA anodal transcranial direct current stimulation (atDCS), intermittent theta burst stimulation (iTBS), and 1 mA transcranial random noise stimulation (tRNS) within one subject group. The effect of each stimulation condition was quantified by evaluating motor-evoked-potential amplitudes (MEPs) in a fixed time sequence after stimulation. The analyses confirmed a significant enhancement of the M1 excitability caused by all three types of active stimulations compared to sham stimulation. There was no significant difference between the types of active stimulations, although the time course of the excitatory effects slightly differed. Among the stimulation methods, tRNS resulted in the strongest and atDCS significantly longest MEP increase compared to sham. Different time courses of the applied stimulation methods suggest different underlying mechanisms of action. Better understanding may be useful for better targeting of different transcranial stimulation techniques.
High lipoprotein expression and potent activation of host Toll-like receptor-2 (TLR2) are characteristic features of the staphylococcal species. Expression of TLR2 in the host is important for clearance of Staphylococcus aureus infection and host survival. Thus, we hypothesized that bacterial regulation of its intrinsic TLR2-stimulatory capacity could represent a means for immune evasion or host adaptation. We, therefore, compared clinical S. aureus isolates in regards to their TLR2 activation potential and assessed the bacterial factors that modulate TLR2-mediated recognition. S. aureus isolates displayed considerable variability in TLR2-activity with low to absent TLR2-activity in 64% of the isolates tested (68/106). Notably, strain-specific TLR2-activity was independent of the strain origin, e.g. no differences were found between strains isolated from respiratory specimen from cystic fibrosis patients or those isolated from invasive disease specimen. TLR2-activity correlated with protein A expression but not with the agr status. Capsule expression and small colony variant formation had a negative impact on TLR2-activity but any disruption of cell wall integrity enhanced TLR2 activation. Altogether, heterogeneity in host TLR2-activity reflects differences in metabolic activity and cell wall synthesis and/or remodeling.
Background: There is absence of specific biomarkers and an incomplete understanding of the pathophysiology of exudative age-related macular degeneration (AMD).
Methods and findings: Eighty-eight vitreous samples (73 from patients with treatment naïve AMD and 15 control samples from patients with idiopathic floaters) were analyzed with capillary electrophoresis coupled to mass spectrometry in this retrospective case series to define potential candidate protein markers of AMD. Nineteen proteins were found to be upregulated in vitreous of AMD patients. Most of the proteins were plasma derived and involved in biological (ion) transport, acute phase inflammatory reaction, and blood coagulation. A number of proteins have not been previously associated to AMD including alpha-1-antitrypsin, fibrinogen alpha chain and prostaglandin H2-D isomerase. Alpha-1-antitrypsin was validated in vitreous of an independent set of AMD patients using Western blot analysis. Further systems biology analysis of the data indicated that the observed proteomic changes may reflect upregulation of immune response and complement activity.
Conclusions: Proteome analysis of vitreous samples from patients with AMD, which underwent an intravitreal combination therapy including a core vitrectomy, steroids and bevacizumab, revealed apparent AMD-specific proteomic changes. The identified AMD-associated proteins provide some insight into the pathophysiological changes associated with AMD.
Species' geographical distributions are tracking latitudinal and elevational surface temperature gradients under global climate change. To evaluate the opportunities to track these gradients across space, we provide a first baseline assessment of the steepness of these gradients for the world's terrestrial birds. Within the breeding ranges of 9,014 bird species, we characterized the spatial gradients in temperature along latitude and elevation for all and a subset of bird species, respectively. We summarized these temperature gradients globally for threatened and non-threatened species and determined how their steepness varied based on species' geography (range size, shape, and orientation) and projected changes in temperature under climate change. Elevational temperature gradients were steepest for species in Africa, western North and South America, and central Asia and shallowest in Australasia, insular IndoMalaya, and the Neotropical lowlands. Latitudinal temperature gradients were steepest for extratropical species, especially in the Northern Hemisphere. Threatened species had shallower elevational gradients whereas latitudinal gradients differed little between threatened and non-threatened species. The strength of elevational gradients was positively correlated with projected changes in temperature. For latitudinal gradients, this relationship only held for extratropical species. The strength of latitudinal gradients was better predicted by species' geography, but primarily for extratropical species. Our findings suggest threatened species are associated with shallower elevational temperature gradients, whereas steep latitudinal gradients are most prevalent outside the tropics where fewer bird species occur year-round. Future modeling and mitigation efforts would benefit from the development of finer grain distributional data to ascertain how these gradients are structured within species' ranges, how and why these gradients vary among species, and the capacity of species to utilize these gradients under climate change.
Transcription factor IIS (TFIIS) is a protein known for catalyzing the cleavage reaction of the 3′-end of backtracked RNA transcript, allowing RNA polymerase II (Pol II) to reactivate the transcription process from the arrested state. Recent structural studies have provided a molecular basis of protein-protein interaction between TFIIS and Pol II. However, the detailed dynamic conformational changes of TFIIS upon binding to Pol II and the related thermodynamic information are largely unknown. Here we use computational approaches to investigate the conformational space of TFIIS in the Pol II-bound and Pol II-free (unbound) states. Our results reveal two distinct conformations of TFIIS: the closed and the open forms. The closed form is dominant in the Pol II-free (unbound) state of TFIIS, whereas the open form is favorable in the Pol II-bound state. Furthermore, we discuss the free energy difference involved in the conformational changes between the two forms in the presence or absence of Pol II. Additionally, our analysis indicates that hydrophobic interactions and the protein-protein interactions between TFIIS and Pol II are crucial for inducing the conformational changes of TFIIS. Our results provide novel insights into the functional interplay between Pol II and TFIIS as well as mechanism of reactivation of Pol II transcription by TFIIS.
Vesicle transport is a central process to ensure protein and lipid distribution in eukaryotic cells. The current knowledge on the molecular components and mechanisms of this process is majorly based on studies in Saccharomyces cerevisiae and Arabidopsis thaliana, which revealed 240 different proteinaceous factors either experimentally proven or predicted to be involved in vesicle transport. In here, we performed an orthologue search using two different algorithms to identify the components of the secretory pathway in yeast and 14 plant genomes by using the ‘core-set’ of 240 factors as bait. We identified 4021 orthologues and (co-)orthologues in the discussed plant species accounting for components of COP-II, COP-I, Clathrin Coated Vesicles, Retromers and ESCRTs, Rab GTPases, Tethering factors and SNAREs. In plants, we observed a significantly higher number of (co-)orthologues than yeast, while only 8 tethering factors from yeast seem to be absent in the analyzed plant genomes. To link the identified (co-)orthologues to vesicle transport, the domain architecture of the proteins from yeast, genetic model plant A. thaliana and agriculturally relevant crop Solanum lycopersicum has been inspected. For the orthologous groups containing (co-)orthologues from yeast, A. thaliana and S. lycopersicum, we observed the same domain architecture for 79% (416/527) of the (co-)orthologues, which documents a very high conservation of this process. Further, publically available tissue-specific expression profiles for a subset of (co-)orthologues found in A. thaliana and S. lycopersicum suggest that some (co-)orthologues are involved in tissue-specific functions. Inspection of localization of the (co-)orthologues based on available proteome data or localization predictions lead to the assignment of plastid- as well as mitochondrial localized (co-)orthologues of vesicle transport factors and the relevance of this is discussed.
HIV neutralizing antibodies (nAbs) represent an important tool in view of prophylactic and therapeutic applications for HIV-1 infection. Patients chronically infected by HIV-1 represent a valuable source for nAbs. HIV controllers, including long-term non-progressors (LTNP) and elite controllers (EC), represent an interesting subgroup in this regard, as here nAbs can develop over time in a rather healthy immune system and in the absence of any therapeutic selection pressure. In this study, we characterized two particular antibodies that were selected as scFv antibody fragments from a phage immune library generated from an LTNP with HIV neutralizing antibodies in his plasma. The phage library was screened on recombinant soluble gp140 envelope (Env) proteins. Sequencing the selected peptide inserts revealed two major classes of antibody sequences. Binding analysis of the corresponding scFv-Fc derivatives to various trimeric and monomeric Env constructs as well as to peptide arrays showed that one class, represented by monoclonal antibody (mAb) A2, specifically recognizes an epitope localized in the pocket binding domain of the C heptad repeat (CHR) in the ectodomain of gp41, but only in the trimeric context. Thus, this antibody represents an interesting tool for trimer identification. MAb A7, representing the second class, binds to structural elements of the third variable loop V3 and neutralizes tier 1 and tier 2 HIV-1 isolates of different subtypes with matching critical amino acids in the linear epitope sequence. In conclusion, HIV controllers are a valuable source for the selection of functionally interesting antibodies that can be selected on soluble gp140 proteins with properties from the native envelope spike.
The comeback of the Eurasian beaver (Castor fiber) throughout western and central Europe is considered a major conservation success. Traditionally, several subspecies are recognised by morphology and mitochondrial haplotype, each linked to a relict population. During various reintroduction programs in the 20th century, beavers from multiple source localities were released and now form viable populations. These programs differed in their reintroduction strategies, i.e., using pure subspecies vs. mixed source populations. This inhomogeneity in management actions generated ongoing debates regarding the origin of present beaver populations and appropriate management plans for the future. By sequencing of the mitochondrial control region and microsatellite genotyping of 235 beaver individuals from five selected regions in Germany, Switzerland, Luxembourg, and Belgium we show that beavers from at least four source origins currently form admixed, genetically diverse populations that spread across the study region. While regional occurrences of invasive North American beavers (n = 20) were found, all but one C. fiber bore the mitochondrial haplotype of the autochthonous western Evolutionary Significant Unit (ESU). Considering this, as well as the viability of admixed populations and the fact that the fusion of different lineages is already progressing in all studied regions, we argue that admixture between different beaver source populations should be generally accepted.
During the SHIVA (Stratospheric Ozone: Halogen Impacts in a Varying Atmosphere) project an extensive dataset of all halogen species relevant for the atmospheric budget of total organic bromine has been collected in the West Pacific region using the FALCON aircraft operated by the German Aerospace agency DLR (Deutsches Zentrum für Luft- und Raumfahrt) covering a vertical range from the planetary boundary layer up to the ceiling altitude of the aircraft of 13 km. In total, more than 700 measurements were performed with the newly developed fully-automated in-situ instrument GHOST-MS (Gas cHromatograph for the Observation of Tracers – coupled with a Mass Spectrometer) by the Goethe University of Frankfurt (GUF) and with the onboard whole-air sampler WASP with subsequent ground based state-of-the-art GC/MS analysis by the University of East Anglia (UEA). Both instruments yield good agreement for all major (CHBr3 and CH2Br2) and minor (CHBrCl, CHBrCl2 and CHBr2Cl) VSLS (very short-lived substances), at least at the level of their 2 σ measurement uncertainties. In contrast to the suggestion that the Western Pacific could be a major source region for VSLS (Pyle et al., 2011), we found only slightly enhanced mixing ratios of brominated halogen source gases relative to the levels reported in Montzka et al. (2011) for other tropical regions. A budget for total organic bromine, including all four halons,CH3Br and the VSLS, is derived for the upper troposphere, the input region for the TTL and thus also for the stratosphere, compiled from the SHIVA dataset. With exception of the two minor VSLS CHBrCl2 and CHBr2Cl, excellent agreement with the values reported in Montzka et al. (2011) is found, while being slightly higher than previous studies from our group based on balloon-borne measurements.
Der Beitrag zeigt, dass zivilrechtliche (Sanktions-)Normen verhaltenssteuernd wirken und Marktstrukturen beeinflussen, i.e. sie haben regulierende Wirkung. Die angemahnte Konsequenz dieser Beobachtung liegt darin, dass sich eine zeitgenössische Zivilrechtswissenschaft für eine methodisch abgesicherte Folgenbeurteilung bei der Rechtsanwendung öffnet, d.h. diese bereits bei der Interpretation der lex lata berücksichtigt. Wie dieses Desiderat umgesetzt werden kann, wird anhand von drei einschlägigen Beispielen illustriert. Dabei zeigt sich, dass nicht verkannt werden darf, dass die funktionale Betrachtung jenseits des Wirtschafts- und bürgerlichen Vermögensrechts an Grenzen stoßen kann. Dies kann aber nicht abstrakt behauptet, sondern muss stets konkret begründet werden, um den dann angezeigten Methodenwechsel zu rechtfertigen.
Die Dissertation besteht aus drei thematisch zusammenhängenden Forschungspapieren, in denen zeitstetige Konsum-, Investment- und Versicherungsprobleme über den Lebenszyklus betrachtet werden. Ein besonderer Fokus liegt auf realistischen Features wie stochastischem Sterberisiko und nicht-replizierbarem Einkommen. In der ersten Forschungsarbeit untersuche ich die Relevanz von stochastischem Sterberisiko. Dabei zeige ich, dass eine Sprungkomponente in der Sterberate die optimalen Entscheidungen der Agenten und das Wohlfahrtslevel signifikant beeinflusst. Eine Diffusionskomponente ist hingegen vernachlässigbar. In dem zweiten Forschungspapier untersuchen wir die Risikolebensversicherungsnachfrage einer Familie, dessen Alleinverdiener stochastischem Sterberisiko ausgesetzt ist. Wir achten insbesondere auf eine realistische Modellierung der Versicherung. Wir zeigen, dass dadurch junge Agenten dem Versicherungsmarkt fern bleiben und die Versicherungsnachfrage mit dem Alter steigt, im Gegensatz zu Modellen mit einfachen stetig-veränderbaren Versicherungen. Weiterhin verstärken langlaufende Versicherungsverträge die negativen Effekte von Einkommensschocks und werden daher von risikoaversen Agenten weniger abgeschlossen. In der dritten Forschungsarbeit untersuche ich die Critical Illness Versicherungsnachfrage eines Agenten in einem Modell mit stochastischem Sterberisiko und Gesundheitsausgaben. Die Versicherung übernimmt dabei die zusätzlichen Gesundheitskosten, die bei einem Sprung entstehen. Fast alle Agenten schließen solch eine Versicherung vor dem Rentenalter ab, selbst wenn diese sehr kostspielig ist. Insbesondere Agenten mit geringen Gesundheitsausgaben und hohem Einkommen haben eine hohe Versicherungsnachfrage.
Tumor development usually follows predictable paths where tumor cells acquire common characteristics and features known as the hallmarks of cancer. Recently, additional characteristics have been added to these hallmarks since solid tumors are composed of a very heterogeneous population of transformed, formerly normal tissue cells and stromal cells, e.g. immune cells and fibroblasts. Compelling evidence suggests that stromal cells and tumor cells maintain a symbiotic relationship to build up the tumor microenvironment and to fuel tumor growth. In cancer therapies, common features of tumors such as unrestricted cell growth, suppression of immunological responses, and the ability to form new blood vessels (angiogenesis) have emerged as the main targets of interest. The lipid mediator prostaglandin E2 (PGE2) is known to promote all these features and thus, is connected to cancer progression in general. Its synthesis is triggered in response to stress factors or during inflammation. Inducible PGE2 production relies on the enzymes cyclooxygenase 2 (COX-2) and microsomal prostanglandin E synthase 1 (mPGES-1), which are simultaneously expressed in response to a variety of different stimuli and are functionally coupled. Inhibition of COX-2 with non-steroidal antiinflammatory drugs (NSAIDs) for cancer treatment is, however, limited by cardiovascular risks, since selective COX-2 inhibition disrupts the prostacyclin/thromboxane balance. Therefore targeting mPGES-1 downstream of COX-2 for PGE2 inhibition was evaluated in this work in different steps of carcinogenesis. Knockdown of mPGES-1 in DU145 prostate cancer cells revealed that the mPGES-1 status did not affect growth of monolayer tumor cells, but significantly impaired 3D growth of multi-cellular tumor spheroids (MCTS). Spheroid formation induced COX-2 in DU145 and other prostate cancer spheroids. High levels of PGE2 were detected in supernatants of DU145 MCTS as opposed to monolayer DU145 cells. Pharmacological inhibition of COX-2 and mPGES-1 confirmed the pivotal role of PGE2 for DU145 MCTS growth. Besides promoting spheroid growth, MCTS-derived PGE2 also inhibited cytotoxic T lymphocyte (CTL) activation. When investigating the mechanisms of COX-2 induction during spheroid formation, the typical tumor microenvironmental factors such as glucose deprivation, hypoxia or tumor cell apoptosis failed to enhance COX-2. Interestingly, when interfering with apoptosis in DU145 spheroids, the pan-caspase inhibitor Z-VAD-FMK triggered a Summary 12 shift towards necrosis, thus enhancing COX-2 expression. Coculturing viable DU145 monolayer cells with isolated heat-shocked-treated necrotic DU145 cells, but not with necrotic cell supernatants, induced COX-2 and PGE2, confirming the impact of necrosis for MCTS growth and CTL inhibition. As mentioned, in vivo tumors are very heterogenous mixtures of tumor cells and stromal cells e.g. immune cells. Hence, the interaction of the immune system with tumors was investigated in further experiments. When coculturing MCF-7 breast cancer spheroids with human peripheral blood mononuclear cells (PBMCs), only low levels of PGE2 were detected, since MCF-7 cells did not upregulate COX-2 during spheroid formation and did not induce PGE2 production by PBMCs. Under inflammatory conditions, by adding the toll-like receptor 4 (TLR4) agonist lipopolysaccharide (LPS) to cocultures, PGE2 production was triggered, spheroid sizes were reduced, and numbers of high levels of granzyme B expressing (GrBhi) CTLs were increased, while CD80 expression by tumor-associated phagocytes was also elevated. Inhibition of CD80 but not CD86 diminished numbers of GrBhi CTLs and attenuated spheroid lysis. To determine the role of ctivation-induced PGE2 production, use of the COX-2 inhibitor celecoxib and the experimental mPGES-1 inhibitor C3 further increased CD80 expression. Addition of PGE2, the prostaglandin E2 (EP2) receptor agonist butaprost, and the phosphodiesterase 4 (PDE4) inhibitor rolipram reduced LPS/C3-triggered CD80 expression, confirming the impact of COX- 2/mPGES-1-derived PGE2 on shaping phagocyte phenotypes in an EP2/cAMP-dependent manner. In a spontaneous breast cancer model (MMTV-PyMT), mPGES-1-deficiency significantly delayed tumor growth in mice, confirming an overall protumorigenic role of mPGES-1 in breast cancer development in vivo. However in tumors of mPGES-1-/- mice, tumor-infiltrating phagocytes expressed low levels of CD80 similar to their wildtype counterparts. These data suggest that the immunosuppressive microenvironment does not allow for immunostimulatory effects by mPGES-1 inhibition without an activating stimulus. Evidences in this study recommend the application of mPGES-1 inhibitors for treating cancer diseases, since mPGES-1 promotes tumor growth in multiple steps of carcinogenesis, ranging from well-characterized effects of tumor cell growth to immune suppression of CTL activity and phagocyte polarization. Regarding the latter, blunting PGE2 during immune activation may limit the tumor-favoring features of inflammation and improve the efficiency of TLR4 based immune therapies.
Der langsame Neutroneneinfang-Prozess (s-Prozess) ist für die Erzeugung von rund der Hälfte der Elemente zwischen Eisen und Blei verantwortlich. Sein Reaktionspfad enthält entlang des Stabilitätstals einige Verzweigungspunkte an instabilen Isotopen, deren Neutroneneinfangquerschnitte die Produktion schwererer Elemente und deren Isotopen-Verhältnisse beeinflussen. Kennt man ihre Zerfalls- und Neutroneneinfangraten unter den angenommenen stellaren Bedingungen ist es möglich, Rückschlüsse auf die physikalischen Umstände während des s-Prozesses zu ziehen. Einer dieser Verzweigungspunkte ist 63-Ni. Die experimentelle Bestimmung des differentiellen Wirkungsquerschnittes für den Neutroneneinfang an diesem Isotop ist das primäre Ergebnis der vorliegenden Arbeit. Der 63-Ni(n,gamma)- Wirkungsquerschnitt hat Einfluss auf die Häufigkeiten von 64-Ni, die Kupfer- und die Zink-Isotope. Die Sensitivität der Produktion dieser Nuklide in s-Prozess-Szenarien wurde ebenfalls im Rahmen dieser Arbeit anhand von Simulationen des entsprechenden Nukleosynthesenetzwerkes untersucht. Zudem wurde die Datenlage für s-Prozess-Modelle mit einer Flugzeit-Messung des 63-Cu(n,gamma)-Wirkungsquerschnitts erweitert.
Die beiden Experimente zur Querschnittsbestimmung von 63-Ni und 63-Cu fanden am Los Alamos Neutron Science Center in New Mexico, USA statt. Eine aus angereichertem 62-Ni hergestellte 63-Ni-Probe wurde im Rahmen einer Flugzeit-Messung gepulst mit Neutronen bestrahlt. Der Nachweis der prompten Gammastrahlung aufgrund von Neutroneneinfängen erfolgte mit dem 4π-BaF_2-Detektor DANCE. Die kalorimetrische Messung macht den Q-Wert der Reaktion für jedes Einfangereignis zugänglich und erlaubt die Unterscheidung von Ereignissen verschiedener Isotope. Es konnte gezeigt werden, dass diese Methode die Bestimmung von Querschnitten selbst mit Proben ermöglicht, die nur zu einem Bruchteil aus dem zu untersuchenden Isotop bestehen. Der 63-Ni(n,gamma)-Wirkungsquerschnitt wurde für den Energiebereich von 40 eV bis 500 keV mit einer maximalen Unsicherheit von 15% bestimmt. Es zeigte sich, dass theoretische Abschätzungen den Querschnitt bislang um etwa einen Faktor 2 unterschätzten. In demselben Energiebereich konnte der 63-Cu(n,gamma)-Wirkungsquerschnitt mit einer maximalen Unsicherheit von 8% vermessen werden.