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CONCLUSION The analysis of the exposure measurement problem has shown that the proper measurement of counterparty exposure for portfolios of derivatives transactions is a complex task that cannot be performed without making a lot of simplifying assumptions. Because of the complicated interaction of correlation effects and offsettings from different transactions, the single transaction framework which is currently used by most banks is definitely not capable of accurately determining the portfolio credit risk. When simulation techniques are applied to estimate exposure, the accuracy of exposure estimations can be increased significantly. However, a lot of modelling choices has to be made concerning the valuation of transactions and the stochastic model of underlying market rates. Because the system has to make projections of market rates into the far future, the choice of an appropriate stochastic model for market rate dynamics is crucial in order to prevent unreasonable scenarios. The predominant application of models based on Brownian Motion in today’s bank risk management therefore leads to questionable results in respect to derivatives exposure evaluation.
Measured hadron yields from relativistic nuclear collisions can be equally well understood in two physically distinct models, namely a static thermal hadronic source vs. a time-dependent, nonequilibrium hadronization o a quark-gluon plasma droplet. Due to the time-dependent particle evapora- tion o the hadronic surface in the latter approach the hadron ratios change (by factors of <H 5) in time. Final particle yields reflect time averages over the actual thermodynamic properties of the system at a certain stage of the evolution. Calculated hadron, strangelet and (anti-)cluster yields as well as freeze-out times are presented for di erent systems. Due to strangeness distillation the system moves rapidly out of the T, µq plane into the µs-sector. Classif.: 25.75.Dw, 12.38.Mh, 24.85.+p
The deconfinement transition region between hadronic matter and quark-gluon plasma is studied for finite volumes. Assuming simple model equations of state and a first order phase transition, we find that fluctuations in finite volumes hinder a sharp separation between the two phases around the critical temperature, leading to a rounding of the phase transition. For reaction volumes expected in heavy ion experiments, the softening of the equation of state is reduced considerably. This is especially true when the requirement of exact color-singletness is included in the QGP equation of state.
A study of secondary Drell-Yan production in nuclear collisions is presented for SPS energies. In addition to the lepton pairs produced in the initial collisions of the projectile and target nucleons, we consider the potentially high dilepton yield from hard valence antiquarks in produced mesons and antibaryons. We calculate the secondary Drell-Yan contributions taking the collision spectrum of hadrons from the microscopic model URQMD. The con- tributions from meson-baryon interactions, small in hadron-nucleus interac- tions, are found to be substantial in nucleus-nucleus collisions at low dilepton masses. Preresonance collisions of partons may further increase the yields.
We examine the properties of both forms of strange matter, small lumps of strange quark matter (strangelets) and of strange hadronic matter (Metastable Exotic Multihypernuclear Objects: MEMOs) and their relevance for present and future heavy ion searches. The strong and weak decays are discussed separately to distinguish between long-lived and short-lived candidates where the former ones are detectable in present heavy ion experiments while the latter ones in future heavy ion experiments, respectively. We find some long-lived strangelet candidates which are highly negatively charged with a mass to charge ratio like a anti deuteron (M/Z 2) but masses of A=10 to 16. We predict also many short-lived candidates, both in quark and in hadronic form, which can be highly charged. Purely hyperonic nuclei like the (2 02 ) are bound and have a negative charge while carrying a positive baryon number. We demonstrate also that multiply charmed exotics (charmlets) might be bound and can be produced at future heavy ion colliders.
Abstract. A generalized Lagrangian for the description of hadronic matter based on the linear SU(3)L × SU(3)R -model is proposed. Besides the baryon octet, the spin-0 and spin-1 nonets, a gluon condensate associated with broken scale invariance is incorporated. The observed values for the vacuum masses of the baryons and mesons are reproduced. In mean-field approximation, vector and scalar interactions yield a saturating nuclear equation of state. Finite nuclei can be reasonably described, too. The condensates and the e ective baryon masses at finite baryon density and temperature are discussed.
A generalized Lagrangian for the description of hadronic matter based on the linear SU(3)L × SU(3)R -model is proposed. Besides the baryon octet, the spin-0 and spin-1 nonets, a gluon condensate associated with broken scale invariance is incorporated. The observed values for the vacuum masses of the baryons and mesons are reproduced. In mean-field approximation, vector and scalar interactions yield a saturating nuclear equation of state. We discuss the di culties and possibilities to construct a chiral invariant baryon-meson interaction that leads to a realistic equation of state. It is found that a coupling of the strange condensate to nucleons is needed to describe the hyperon potentials correctly. The effective baryon masses and the appearance of an abnormal phase of nearly massless nucleons at high densities are examined. A nonlinear realization of chiral symmetry is considered, to retain a Yukawa-type baryon-meson interaction and to establish a connection to the Walecka-model.
We study the bremsstrahlung of virtual omega mesons due to the collective deceleration of nuclei at the initial stage of an ultrarelativistic heavy ion collision. It is shown that electromagnetic decays of these mesons may give an important contribution to the observed yields of dileptons. Mass spectra of e+e and µ+µ pairs produced in central Au+Au collisions are calculated under some simplifying assumptions on the space time variation of the baryonic current in a nuclear collision process. Comparison with the CERES data for 160 AGev Pb+Au collisions shows that the proposed mechanism gives a noticeable fraction of the observed e+e pairs in the intermediate region of invariant masses. Sensi tivity of the dilepton yield to the in medium modification of masses and widths of vector mesons is demonstrated.
Collective bremsstrahlung of vector meson fields in relativistic nuclear collisions is studied within the time dependent Walecka model. Mutual deceleration of the colliding nuclei is described by introducing the e ective stopping time and average rapidity loss of baryons. It is shown that electromagnetic decays of virtual ω mesons produced by bremsstrahlung mechanism can provide a substantial contribution to the soft dilepton yield at the SPS bombarding energies. In particular, it may be responsible for the dilepton enhancement observed in 160 AGev central Pb+Au collisions. Suggestions for future experiments to estimate the relative contribution of the collective mechanism are given.
A self-consistent relativistic integral-di erential equation of the Boltzmann- Uehling-Uhlenbeck-type for the N*(1440) resonance is developed based on an effective Lagrangian of baryons interacting through mesons. The closed time-path Green s function technique and semi-classical, quasi-particle and Born approxima- tions are employed in the derivation. The non-equilibrium RBUU-type equation for the N*(1440) is consistent with that of nucleon s and delta s which we derived before. Thus, we obtain a set of coupled equations for the N,Delta and N*(1440) distribution functions. All the N (1440)-relevant in-medium two-body scattering cross sections within the N,Delta and N*(1440) system are derived from the same effective Lagrangian in addition to the mean field and presented analytically, which can be directly used in the study of relativistic heavy-ion collisions. The theoreticalprediction of the free pp - pp* (1440) cross section is in good agreement with the experimental data. We calculate the in-medium N+N - N+N* , N* +N - N+N and N*+N - N* +N cross sections in cold nuclear matter up to twice the nuclear matter density. The influence of different choices of the N* N* coupling strengths, which can not be obtained through fitting certain experimental data, are discussed. The results show that the density dependence of predicted in-medium cross sections are sensitive to the N* N* coupling strengths used. An evident density dependence will appear when a large scalar coupling strength of g^(sigma) N*N* is assumed. PACS number(s): 24.10.Cn; 25.70.-z; 21.65.+f
Symmetrie
(1997)
A lot of interest has recently been paid to constraint-based definitions and extensions of Tree Adjoining Grammars (TAG). Examples are the so-called quasi-trees, D-Tree Grammars and Tree Description Grammars. The latter are grammars consisting of a set of formulars denoting trees. TDGs are derivation based where in each derivation step a conjunction is built of the old formular, a formular of the grammar and additional equivalences between node names of the two formulars. This formalism is more powerfull than TAGs. TDGs offer the advantages of MC-TAG and D-Tree Grammars for natural languages and they allow underspecification. However the problem is that TDGs might be unnecessarily powerfull for natural languages. To solve this problem, in this paper, I will propose a local TDGs, a restricted version of TDGs. Local TDGs still have the advantages of TDGs but they are semilinear and therefore more appropriate for natural languages. First, the notion of the semilinearity is defined. Then local TDGs are introduced, and, finally, semilinearity of local Tree Description Languages is proven.
Basic problems of the semiclassical microscopic modelling of strongly interacting systems are discussed within the framework of Quantum Molecular Dynamics (QMD). This model allows to study the influence of several types of nucleonic interactions on a large variety of observables and phenomena occur- ring in heavy ion collisions at relativistic energies. It is shown that the same predictions can be obtained with several numerically completely di erent and independently written programs as far as the same model parameters are employed and the same basic approximations are made. Many observ- ables are robust against variations of the details of the model assumptions used. Some of the physical results, however, depend also on rather technical parameters like the preparation of the initial configuration in phase space. This crucial problem is connected with the description of the ground state of single nuclei, which di ers among the various approaches. An outlook to an improved molecular dynamics scheme for heavy ion collisions is given.
Preliminary experimental data for particle number ratios in the collisions of Au+Au at the BNL AGS (11A GeV/c) and Pb+Pb at the CERN SPS (160A GeV/c) are analyzed in a thermodynamically consistent hadron gas model with excluded volume. Large values of temperature, T = 140 185 MeV, and baryonic chemical potential, µb = 590 270 MeV, close to the boundary of the quark-gluon plasma phase are found from fitting the data. This seems to indicate that the energy density at the chemical freezeout is tremendous which would be indeed the case for the point-like hadrons. However, a self-consistent treatment of the van der Waals excluded volume reveals much smaller energy densities which are very far below a lowest limit estimate of the quark-gluon plasma energy density. PACS number(s): 25.75.-q, 24.10.Pa
The pion multiplicity per participating nucleon in central nucleus-nucleus collisions at the energies 2-15 A GeV is significantly smaller than in nucleon-nucleon interactions at the same collision energy. This effect of pion suppression is argued to appear due to the evolution of the system produced at the early stage of heavy-ion collisions towards a local thermodynamic equilibrium and further isentropic expansion.
We introduce the relationship between incremental cryptography and memory checkers. We present an incremental message authentication scheme based on the XOR MACs which supports insertion, deletion and other single block operations. Our scheme takes only a constant number of pseudorandom function evaluations for each update step and produces smaller authentication codes than the tree scheme presented in [BGG95]. Furthermore, it is secure against message substitution attacks, where the adversary is allowed to tamper messages before update steps, making it applicable to virus protection. From this scheme we derive memory checkers for data structures based on lists. Conversely, we use a lower bound for memory checkers to show that so-called message substitution detecting schemes produce signatures or authentication codes with size proportional to the message length.
We show lower bounds for the signature size of incremental schemes which are secure against substitution attacks and support single block replacement. We prove that for documents of n blocks such schemes produce signatures of \Omega(n^(1/(2+c))) bits for any constant c>0. For schemes accessing only a single block resp. a constant number of blocks for each replacement this bound can be raised to \Omega(n) resp. \Omega(sqrt(n)). Additionally, we show that our technique yields a new lower bound for memory checkers.