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Establishing a European securities regulator: is the European Union an optimal economic area for a single securities regulator?
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
The paper’s purpose is to address the economic, institutional, and legal issues confronting the establishment of a more centralised approach to EU securities regulation and to suggest that the theory of optimum currency ...
The supervisory approach: a critique
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
Rules suffer from two serious defects. The world is complex, and so the creation and application of rules is difficult; and it changes, so that rules become obsolete. In recent years, the conventional wisdom on financial ...
On strategic default and liquidity risk
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
How does the uncertain provision of external finance affect investment projects' default probability and liquidity risk? In this paper, I study the strategic interaction between many creditors and a single borrower in the ...
The new Basel accord and developing countries: problems and alternatives
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
The new Basel Accord framework relies on markets and supervisors to discipline banks. Yet both markets and supervisors fail, and more so in developing countries than in high-income countries. Therefore, the new Accord is ...
Depreciation bias, financial-sector fragility and currency risk
(CFAP, Cambridge Judge Business School, University of Cambridge, 2002)
Do expected future exchange rate fluctuations affect current social welfare? In the third-generation approach to currency crises, financial fragility can trigger devaluation and default. Expected future depreciation is ...
Simulating discontinuities in a gradient-enhanced continuum
(Proceedings of the International Conference on Structural Integrity and FractureProceedings of the International Conference on Structural Integrity and Fracture, 2002)
A continuum-discrete model for failure in quasi-brittle materials is presented. The continuum is regularised through the introduction of gradient terms into the constitutive model. At the transition to discrete failure, ...
Discontinuous modelling of crack propagation in a gradient-enhanced continuum
(2002)
A numerical model for the description of the combined continuous/discontinuous failure in a regularised strain-softening continuum is proposed. The continuum is regularised through the introduction of gradient terms into ...
External prestressed carbon fiber-reinforced polymer straps for shear enhancement of concrete
(American Society of Civil EngineersJournal of Composites for Construction (ASCE), 2002)
The use of fiber-reinforced polymers (FRPs) for the strengthening and repair of existing concrete structures is a field with tremendous potential. The materials are very durable and, hence, ideally suited for use as external ...
On the performance of base-isolated buildings: a generic model
(University of CambridgeDepartment of Engineering, 2002-02-12)
Ground-borne vibration has existed ever since the development of urban road and rail networks. Vibration generated by the moving traffic propagates through the ground and into buildings, resulting in unacceptable levels ...
Collapse of masonry structures
(University of CambridgeDepartment of EngineeringKing's College, 2002-07-16)
TIlls dissertation examines the collapse of masonry structures in response to large
support displacements and horizontal ground accelerations. There are two main classes of masonry structure: arches that thrust, and ...