Constructing banking networks under decreasing costs of link formation

The structure of networks plays a central role in the behavior of financial systems and their response to policy. Real-world networks, however, are rarely directly observable: banks’ assets and liabilities are typically known, but not who is lending how much and to whom. This paper adds to the existing literature in two ways. First, it shows how to simulate realistic networks that are based on balance-sheet information. To do so, we introduce a model where links cause fixed-costs, independent of contract size; but the costs per link decrease the more connected a bank is (scale economies). Second, to approach the optimization problem, we develop a new algorithm inspired by the transportation planning literature and research in stochastic search heuristics. Computational experiments find that the resulting networks are not only consistent with the balance sheets, but also resemble real-world financial networks in their density (which is sparse but not minimally dense) and in their core-periphery and disassortative structure.

     

Quantitative determination of chloride by means of flow injection analysis with spectrophotometric detection in the UV/VIS range

Chloride is determined indirectly by Spectrophotometric flow injection analysis. Two systems are compared, both based on the principle of ion exchange of easily detectable anions versus chloride from suitable mercury salts. The first method is based on the exchange of chloride with chloranilate which is detected at 332 nm or at 306 nm in neutral or in acidic medium respectively. In the second case, chloride reacts with Hg(SCN)₂. The liberated thiocyanate forms a strongly coloured complex with Fe(III) in acidic solution with an absorption maximum at 460 nm. Both methods have a detection limit of about 5 mol Cl^–/l (175 ng/ml). In the case of the thiocyanate method, the relative standard deviation is about 2% (7 measurements) in the range of 5 to 150 mol/l and decreases significantly to a value of approximately 0.2% at higher concentrations; for the chloranilate method it is 10% for lower and about 1% for higher concentrations respectively.     

Darstellung und Kristallstruktur von LnAl3Br12 (Ln = La,Ce, Pr,Nd, Sm,Gd) und thermischer Abbau zu LnBr3

Preparation and Crystal Structure of LnAl₃Br₁₂ (Ln = La, Ce, Pr, Nd, Sm, Gd) and Thermal Decomposition to LnBr₃ LnAl₃Br₁₂ (Ln = La, Ce, Pr, Nd, Sm, Gd) was prepared in crystalline form for the first time. The crystal structures of LaAl₃Br₁₂, PrAl₃Br₁₂, and NdAl₃Br₁₂ were determined on single crystals by X-ray methods. The isotypic compounds crystallize with trigonal symmetry, space group P 3₁12, Z = 3. A structural comparison to lanthanoide chloroaluminates of equal composition is given and thermal decomposition of LnAl₃Br₁₂ (Ln = Nd) to the corresponding lanthanoide tribromide is described.     

Detection of peonidin and pelargonidin glycosides in black carrots (Daucus carota ssp. sativus var. atrorubens Alef.) by high-performance liquid chromatography/electrospray ionization mass spectrometry

Anthocyanins of black carrots (Daucus carota ssp. sativus var. atrorubens Alef.) were investigated by high-performance liquid chromatography/electrospray ionization mass spectrometry. Besides the main compounds which have already been characterized in detail as cyanidin glycosides, six anthocyanins with m/z 757, 565, 595, 903, 933 and 903 were detected and unambiguously characterized as peonidin and pelargonidin glycosides, based on their fragmentation patterns. Peonidin and pelargonidin were identified after acid hydrolysis by comparison of the fragmentation patterns and retention times of the released aglycones with those of standard compounds. To the best of our knowledge this is the first report on anthocyanins in black carrots consisting of aglycones other than cyanidin.     

Neue Macrolide und einige Sesquiterpen-Derivate aus dem Galbanum-Harz

New Macrolides and Some Sesquiterpenoid Derivatives Occurring in Galbanum Absolute Analytical investigations of a Galbanum absolute have revealed for the first time the presence of four macrolides 1 – 4 derived from the corresponding hydroxylated C₁₃–C₁₆ fatty acids by lactonization of a secondary alcoholic group with the carboxylic group. The musky odor strengthens with increasing number of members in the macrocycle, whereas the woody note is predominant in the smaller rings. Isolation, identification and synthesis of the new naturally occurring substances are described. Shyobunol ( 24 ) epishyobunol ( 25 ) as well as their acetates 26 and 27 were identified - together with 10-epijunenyl acetate ( 28 ) - in the same substrate, thus indicating 25 and 26 to be natural products. The corresponding known and already naturally occurring ketones 23 and 24 are trace components in the investigated material derived from the so-called Galbanum oleo-gum-resin.     

Polysulfonylamine. XLI. Ein Silber(I)-Hydrat ungewöhnlicher Zusammensetzung: Röntgenstrukturanalytische und thermochemische Charakterisierung von Tetrakis(dimesylamido)aquatetrasilber(I) [Ag4(N(SO2CH3)2}4(H2O)]

Polysulfonyl Amines. XLI. A Silver(I) Hydrate with an Unusual Composition: Characterization of Tetrakis(dimesylamido)aquatetrasilver(I) [Ag₄(N)SO₂CH₃)₂}₄(H₂O)] by X-Ray Diffraction and Thermal Analysis The title compound is obtained by crystallizing AgN(SO₂CH₃)₂ from water at room temperature. Crystallographic data (at ?95°C): Triclinic space group P1 , a = 864.6(4), b = 1 211.2(5), c = 1 399.1(5) pm, α = 90.97(3), β = 90.90(3), γ = 98.25(4)°, V = 1.4496 nm³, Z = 2, D_x = 2.608 Mg m^?3. The four independent silver atoms and the water molecule form zigzag chains Ag(1)-Ag(2)-(μ-H₂O)-Ag(3) …? Ag(4) …? Ag(1′) with distances Ag(1)-Ag(2) 309.7, Ag(2)-O(w) 241.8, O(w)-Ag(3) 241.4, Ag(3) …? Ag(4) 342.9, Ag(4) …? Ag(1′) 361.4 pm. The catenated silver atoms are further connected by the dimesylamide anions acting as tridentate bridging (α-O, N, ω-O)-ligands. The resulting strands are interconnected into layers through one O(S)-Ag′ contact (247 pm) and one hydrogen bond O(w)-H(l) …? O′(S) per repeating unit. Between the layers, a weak O(S) …? Ag″ interaction (271 ptn) and a hydrogen bond O(w)-H(2) …? O(S) per repeating unit are observed. The silver atoms Ag(l) to Ag(4) display the coordination numbers 5 [NO,Ag(2), distorted trigonal bipyramid], 5[NO₂,O(w)Ag(I), distorted trigonal bipyramid], 5[O₄,O(w), trigonal bipyramid], and 2 + 1 (N₂, li-near; plus a secondary Ag …? 0 contact). The dehydration of the title compound and a solid-solid phase transformation in anhydrous AgN(SO₂CH₃)₂, were quantitatively investigated by thermoconductometry and time- and temperature-resolved X-ray diffractometry (TXRD).     

Glow discharge mass spectrometry — A versatile tool for elemental analysis

Summary Among recent MS techniques for elemental analysis, Glow Discharge Mass Spectrometry (GDMS) covers the field of direct analysis of conducting and semiconducting solids. In GDMS, a glow discharge in a working gas — usually Ar — at reduced pressure serves to atomize a solid sample by cathodic sputtering and to ionize the vapourized atoms. Ions are separated according to mass by a quadrupole filter (with low mass resolution) or a double focusing device (with high mass resolution). Use of a working gas implies the appearance of spectral interferences by molecular ions. Analysis may be impeded by these interferences, even in the case of high mass resolution. GDMS shows convincing analytical performance. Detection limits in the low ng/g region and even below can easily be realized. Precision is normally in the low percentage region, and a dynamic region of about nine orders of magnitude may be covered. Matrix effects are of no significant influence, and elemental sensitivities are within one order of magnitude. Semiquantitative analysis without standards is possible with limited accuracy, which is of considerable practical interest in the sub-microtrace region. Application experiences have mainly been gathered in analysis of very pure materials and semiconductors. GDMS has also been applied successfully for analytical characterization of technical surface layers.     

Ultrafast energy-electron transfer cascade in a multichromophoric light-harvesting molecular square

A molecular square with dimensions of about 4 nm, incorporating sixteen pyrene chromophores attached to four ditopic bay-functionalized perylene bisimide chromophores, has been synthesized by coordination to four Pt(II) phosphine corner units and fully characterized via NMR spectroscopy and ESI-FTICR mass spectrometry. Steady-state and time-resolved emission as well as femtosecond transient absorption studies reveal the presence of a highly efficient (>90%) and fast photoinduced energy transfer (k(en) approximately equal to 5.0 x 10(9) s(-1)) from the pyrene to the perylene bisimide chromophores and a very fast and efficient electron transfer (>94%, k(et) approximately equal to 5 x 10(11) up to 43 x 10(11) s(-1)). Spectrotemporal parametrization indicates upper excited-state electron-transfer processes, various energy and electron-transfer pathways, and chromophoric heterogeneity. Temperature-dependent time-resolved emission spectroscopy has shown that the acceptor emission lifetime increases with decreasing temperature from which an electron-transfer barrier is obtained. The extremely fast electron-transfer processes (substantially faster and more efficient than in the free ligand) that are normally only observed in solid materials, together with the closely packed structure of 20 chromophoric units, indicate that we can consider the molecular square as a monodisperse nanoaggregate: a molecularly defined ensemble of chromophores that partly behaves like a solid material.