Develops modern monetary circuit theory and optimizes bank balance sheets.
problem Stability and optimization of interconnected banking networks.
method Stochastic modeling, Extended Structural Default Model, multi-period optimization.
result Shows interconnectedness of banks and stability of banking networks.
This paper explores blockchains and distributed ledgers, their applications, and historical prototypes.
problem Exploring the potential applications of blockchains and distributed ledgers in finance.
method Comparison of public and private ledgers, historical prototypes, and potential applications.
result Monetary circuits are natural applications for blockchains.
Extends monetary value measures to probability spaces.
problem No specific problem stated; generalization of monetary value measures.
method Extends category from hi to Prob.
result Generalized monetary value measures to probability spaces.
Theory integrates loss aversion into expected utility for monetary returns.
problem Modeling loss aversion in expected utility theory.
method Develops state-dependent linear utility functions incorporating loss aversion.
result Contracts from monopolists in insurance markets.
The study examines how quantum resources enhance the complexity of quantum circuits.
problem Quantum resource enhancement on circuit complexity.
method Utilizing quantum resource theories, the study analyzes statistical complexities of quantum circuits with limited quantum resources.
result Bounds for statistical complexities of quantum circuits are derived and applied to specific cases.
Analyzes securitization impacts on monetary and fiscal policies.
problem Impact of securitization on monetary and fiscal policies.
method Develops optimal conditions, identifies constraints, introduces new decision models.
result Identifies constraints and interactions of securitization with capital-reserve requirements.
The volume of steady-state solutions in economic models is studied.
problem Understanding the fragility of economic circuits.
method Represented as a CSP, volume computed using operations research and metabolic network methods.
result Volume depends on constraints and reveals potential economic fragility.
Program outlines optimizing economic growth through balanced monetary and fiscal policies.
problem Interlinked economic factors like unemployment, investment, consumption, and inflation.
method Response theory principles applied to derive policy implications.
result Optimizing growth requires balancing monetary injection between consumption/wages and investment/returns loops.
New bound on sliding circuit set size in braid groups.
problem Bounding the size of sliding circuit sets in braid groups.
method Constructing examples of braids with multiple subsurfaces to suggest a geometric property.
result Found a family of braids with a sliding circuit set of at most C⋅LN−2 elements, suggesting a geometric property. Polynomial invariants classify molecular chains based on their contact arrangements.
problem No established invariants for molecular chains with both hard and soft contacts.
method Developed polynomial invariants for circuit topology of molecular chains.
result Polynomial invariants efficiently classify chains with various contact types.
Enhances quantum circuit synthesis using deep learning and geometric methods.
problem Optimizing quantum circuits for time efficiency.
method Combining deep learning with geometric control techniques.
result Improved time-optimal control in quantum circuit synthesis.
Develops a braid-theoretic framework to analyze chirality in molecular knots.
problem Analyzing chirality in molecular knots constructed using circuit topology.
method Translated circuit topology approach to knot engineering into braid-theoretic framework, calculating Jones polynomial for binary combinations.
result Jones polynomial provides a powerful tool for analyzing chirality of molecular knots.
This paper reviews monetary standards using physics concepts.
problem The outdated gold-standard and its relevance to modern macroeconomics.
method A physics-based review of monetary standards.
result A new monetary standard based on energy supply capacity promotes sustainable growth.
News on inflation and monetary policy impacts US household inflation expectations.
problem Understanding how news affects inflation expectations.
method Monthly disaggregated US data from 1978 to 2016, controlling for various factors.
result News on rising inflation and easier monetary policy has a stronger impact on inflation expectations.
Study finds monetary policy uncertainty negatively impacts Bitcoin returns.
problem Impact of monetary policy and uncertainty on cryptocurrencies market.
method Markov Switching Means VAR (MSM-VAR) method.
result Monetary policy uncertainty leads to a decline in Bitcoin returns.
Quantum neural tangent kernels help understand variational quantum circuits in machine learning.
problem Designing and predicting performance of variational quantum circuits.
method Using quantum neural tangent kernels and dynamical equations for loss functions.
result Analytical solutions for training dynamics in variational quantum circuits.
We show that the topological modular functor from Witten-Chern-Simons theory is universal for quantum computation in the sense a quantum circuit computation can be efficiently approximated by an intertwining action of a braid on the functor's state space. A computational model based on Chern-Simons theory at a fifth ro…
Paper proposes Monarch matrices for scalable probabilistic circuits.
problem Improving scalability of probabilistic circuits.
method Sparse Monarch matrices for sum blocks in PCs.
result Significantly reduces memory and computation costs, enabling unprecedented scaling.
We analyze a monetary system of random money transfer on the basis of double entry bookkeeping. Without boundary conditions, we do not reach a price equilibrium and violate text-book formulas of economists quantity theory (MV=PQ). To match the resulting quantity of money with the model assumption of a constant price, w…
Monetary risk measures explained as functions of random variables.
problem Understanding monetary risk measures.
method Representation results and construction methods.
result Monetary risk measures as monotone and cash additive functions.
This study shows how monetary uncertainty affects stock market reactions to macroeconomic news.
problem Understanding stock market reactions to macroeconomic news under varying levels of monetary uncertainty.
method Decomposes stock market response into cash flow and risk-free rate channels, analyzing time-varying effects.
result High monetary uncertainty weakens the positive stock market response to macroeconomic news.
Algorithmic stablecoins optimize monetary policy to balance price stability.
problem Persistent inflation from centralized monetary policy.
method Propose and study a rule-based monetary policy model for algorithmic stablecoins.
result Optimal trade-off between price stability and supply stability.
The paper uses LSM to solve complex monetary utility functions.
problem Computing dynamic monetary utility functions with high dimensions.
method Least Squares Monte Carlo (LSM) algorithm.
result LSM algorithm successfully applied to recursive Cost-of-Capital valuation.
Study examines remittances in Nepal, linking external demand and domestic monetary conditions.
problem Understanding the dynamics of remittances in Nepal's economy.
method Constructed composite indices via PCA for external demand and domestic monetary conditions. Used ARDL, cointegration, DOLS, ECM, and machine learning for analysis.
result Strong positive long-run effect of external demand on remittances, significant negative impact of tighter domestic monetary conditions.
Study evaluates capacity and trainability of parametrized quantum circuits.
problem Finding the best type of circuits for hybrid quantum-classical algorithms.
method Geometric structure of parameter space, effective quantum dimension, and circuit expressiveness.
result Identifies a transition in quantum geometry leading to decay of quantum natural gradient for deep circuits.
Paper explores econophysics applications to monetary economics.
problem Unequal distribution of money due to entropy increase.
method Statistical physics applied to economic agents.
result Highly unequal money distribution due to entropy.
The paper tests if LLMs' capabilities are executed by small subnetworks (circuits).
problem Understanding how LLMs execute their capabilities.
method Formalized criteria for circuits, developed hypothesis tests, applied to six circuits.
result Synthetic circuits align with idealized properties, while Transformer circuits vary in their alignment.
Paper revises power theory using classical mechanics concepts.
problem Clarifying instantaneous power definitions for circuit elements.
method Defines power using classical mechanics concepts like velocity and momentum.
result General and compact expression for inductance, capacitance, and resistance powers.
This paper connects monetary and star-shaped risk measures by showing their equivalence under certain conditions.
problem Understanding the relationship between monetary and star-shaped risk measures.
method Analyzing the acceptability of 0 and the normalization property.
result Monetary risk measures are only a translation away from star-shapedness under mild conditions.
Analyzes dynamics of quantum neural networks, predicting exponential decay of training error.
problem Understanding convergence rate of quantum neural networks training.
method Analytic theory for gradient descent dynamics of wide quantum neural networks.
result Simple analytic formula predicts exponential decay of training error.
New protocols implement logical gates on encoded qubits with minimal overhead.
problem Efficiently performing universal logical gates on encoded qubits with minimal overhead.
method Using topological codes associated to hyperbolic surfaces, we introduce protocols to implement Dehn twists through constant depth unitary circuits.
result Demonstrated the possibility of applying universal logical gate sets on encoded qubits through constant depth unitary circuits and with constant space overhead.
Study detects if a circuit bounds a disc using curve intersections.
problem Determining if a circuit bounds an embedded disc.
method Analyzing the group generated by Dehn twists about curves in a circuit.
result Cycle relation between Dehn twists detects disc-boundability.
New findings show that common optimization algorithms struggle with random problems.
problem Finding near-optimal solutions to random optimization problems.
method Low-degree polynomials, Boolean circuits, and Langevin dynamics.
result These algorithms fail to produce nearly optimal solutions with high probability.
Quantum circuits can generate samples but lack likelihood; we devise a gradient-based learning algorithm.
problem Quantum circuits lack likelihood for generating samples, making training difficult.
method Developed a gradient-based learning algorithm to minimize the kernelized maximum mean discrepancy loss.
result Demonstrated the effectiveness of the algorithm on generative modeling tasks.
VQC-MLPNet combines quantum and classical elements for scalable quantum machine learning.
problem Challenges in expressivity, trainability, and noise resilience of VQCs.
method Hybrid architecture with a VQC generating weights for a classical MLP during training.
result Improved expressivity, trainability, and robustness compared to standalone quantum or hybrid approaches.
In this paper the dependence of wealth distribution and the velocity of money on the required reserve ratio is examined based on a random transfer model of money and computer simulations. A fractional reserve banking system is introduced to the model where money creation can be achieved by bank loans and the monetary a…
Evolutionary strategy optimizes quantum circuit design and parameters.
problem Optimizing quantum circuit design and parameters for NISQ devices.
method Simple evolutionary strategy to optimize both circuit architecture and parameters.
result Minor slowdown on actual quantum hardware compared to simulations, with insights into mutation operations.
We study time-consistency questions for processes of monetary risk measures that depend on bounded discrete-time processes describing the evolution of financial values. The time horizon can be finite or infinite. We call a process of monetary risk measures time-consistent if it assigns to a process of financial values …
Research shows SBP's tone impacts stock market returns positively or negatively.
problem Impact of State Bank of Pakistan's monetary policy communications on stock market.
method Sentiment analysis and high frequency stock market returns analysis.
result Positive or negative tone in SBP communications affects stock returns positively or negatively.
Growth of monetary assets and debts is commonly described by the formula of compound interest which for the case of continuous compounding is the exponential growth law. Its differential form is dc/dt = i c where dc/dt describes the rate of monetary growth, i the compounded interest rate and c the actual principal. Exp…
This work uses SVM to identify track component failures in AC Track Circuits.
problem Detecting and identifying specific track component failures in AC Track Circuits.
method Applied SVM classifier to STDS track circuit data.
result Successfully classified 15 different track component failures.
Adversarial quantum-classical model learns and infers data faster.
problem Training quantum circuits is harder than classical neural networks.
method Coupling quantum generator with classical discriminator for training.
result Quantum circuit can infer missing data with quadratic speed up.
This paper provides a unified framework, which allows, in particular, to study the structure of dynamic monetary risk measures and dynamic acceptability indices. The main mathematical tool, which we use here, and which allows us to significantly generalize existing results is the theory of L0-modules. In the first p…
Study shows monetary policy impacts digital assets like BTC and ETH.
problem Impact of monetary policy on digital assets and DeFi.
method Event study regressions and high-frequency price analysis.
result Monetary policy surprises negatively affect BTC and ETH but not other digital assets.
The statistical complexity of quantum circuits is studied using Rademacher complexity.
problem Measuring the richness of quantum hypothesis spaces.
method Applying Rademacher complexity to quantum circuits, investigating dependencies on resources, depth, width, and input/output registers.
result Bounds on the capacity of quantum neural networks constrained by circuit depth, width, and resource measures.
Quantum reinforcement learning protocols implemented in superconducting circuits.
problem Improving quantum devices through learning processes.
method Implementation of quantum reinforcement learning protocols using superconducting circuits.
result Feasibility analysis of quantum reinforcement learning protocols in superconducting circuits.
This study shows neural nets can approximate Turing machines with meaningful statistical properties.
problem Theoretical limitations in approximating Turing machines with neural networks.
method Formal definition of statistically meaningful approximation, analysis of boolean circuits and Turing machines using neural nets.
result Transformers can statistically meaningfully approximate Turing machines with polynomial sample complexity.
Quantum circuits learn to classify non-orthogonal quantum states.
problem Classifying non-orthogonal quantum states is crucial in quantum information.
method Trained quantum circuits using Adam optimization to discover parameters of unknown POVMs.
result Shallow quantum circuits can learn to discriminate among various quantum states with comparable performance to optimal POVMs.