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Essays On The Information Role Of Credit Default Swaps, Hao Cheng

Dissertations and Theses Collection (Open Access)

Chapter 1: Credit Default Swaps Pricing Errors and Related Stock Returns

This article investigates the impacts of Credit Default Swaps (CDS) pricing errors on related stock returns. Using a parsimonious CDS valuation model, which produces an above average adjusted R2 of 90%, I find that its pricing errors significantly predict cross-section stock returns. Further investigation reveals that the cross-market return predictability channels via Merton (1974)'s structural prediction and primary dealers' capital risk. This paper provides a novel view of the complex interactions of capital markets and offers insights on the relative market efficiencies.

Chapter 2: CDS Markets Informativeness and Related …

Author Correction: Femtosecond Laser Mass Spectrometry And High Harmonic Spectroscopy Of Xylene Isomers (Scientific Reports (2018) Doi: 10.1038/S41598-018-22055-9), Abdullah Alharbi, Andrewy E. Boguslavskiy, Dane Austin, Nicolas Thire, D. Wood, P. Hawkins, Felicity Mcgrath, A. S. Johnson, I. Lopez-Quintas, Bruno Schmidt, Francois Legare, J. P. Marangos, Anh-Thu Le, Ravi Bhardwaj

Physics Faculty Research & Creative Works

The original version of this Article contained a typographical error in the spelling of the author Nicolas Thiré, which was incorrectly given as Nicholas Thiré. Nicolas Thiré was also incorrectly affiliated with 'Instituto de Química Física Rocasolano, IQFR-CSIC, Serrano 119, 28006, Madrid, Spain'. The correct affiliation is listed below.

INRS-EMT, Advanced Laser Light Source, 1650 Lionel-Boulet Bvd, Varennes, J3X1S2, Canada.

This has now been corrected in the PDF and HTML versions of the Article and in the accompanying Supplementary Information file.

Confined Fluid Analyzed With Near-Field Acoustic Detection, Rodolfo Fernandez Rodriguez, Theodore Brockman, J. Bai, Andres H. La Rosa

Physics Faculty Publications and Presentations

Measurement of the damping and elastic interactions between two solids interfaces (one being the apex of a tapered probe that is attached to one tine of a quartz tuning fork while the other is a flat substrate) under relative lateral oscillatory motion are reported. The solid boundaries are separated by a nanometer sized gap, and emphasis is placed on the role played by the mesoscopic fluid trapped in between. The measurements were implemented using two new acoustic techniques that have been integrated into a tuning fork based scanning probe microscope; the whole metrology system offers sub-nanometer precision for controlling the …

New Orleans: A Living Laboratory Dueling Narratives-Tourism Vs. Freight, Peter Alexander Webb

LSU New Orleans Theses and Dissertations

This research concerns the history of how the stories—narratives—which people tell about the Port of New Orleans and its related freight transportation have impacted Port-related traffic congestion on the last mile. “Last mile” refers to the last segment of a freight journey. In the context of the Port, it is the distance between the Tchoupitoulas Street exit ramp on US 90 and the entrance/exit of the Clarence Henry Truckway. The Clarence Henry Truckway is a 3.5-mile one way in/one way out dedicated truck route behind the floodwall of the Port on Tchoupitoulas street. Its access is threatened by proposed tourism-related …

Quantile Treatment Effects And Bootstrap Inference Under Covariate-Adaptive Randomization, Xin Zheng, Yichong Zhang

Research Collection School Of Economics

This paper studies the estimation and inference of the quantile treatment effect under covariate-adaptive randomization. We propose three estimation methods: (1) the simple quantile regression (QR), (2) the QR with strata fixed effects, and (3) the inverse propensity score weighted QR. For the three estimators, we derive their asymptotic distributions uniformly over a set of quantile indexes and show that the estimator obtained from inverse propensity score weighted QR weakly dominates the other two in terms of efficiency, for a wide range of randomization schemes. For inference, we show that the weighted bootstrap tends to be conservative for methods (1) …

Semiparametric Maximum Likelihood Inference For Nonignorable Nonresponse With Callbacks, Zhong Guan, Denis H. Y. Leung, Jing Qin

Research Collection School Of Economics

We model the nonresponse probabilities as logistic functions ofthe outcome variable and other covariates in the survey sampling study withcallback. The identification aspect of this callback model is investigated. Semiparametricmaximum likelihood estimators of the parameters in the responseprobabilities are proposed and studied. As a result, an efficient estimator ofthe mean of the outcome variable is constructed using the estimated responseprobabilities. Moreover, if a regression model for conditional mean of the outcomevariable given some covariate is available, then we can obtain an evenmore efficient estimate of the mean of the outcome variable by fitting the regressionmodel using an adjusted least squares …

Mild-Explosive And Local-To-Mild-Explosive Autoregressions With Serially Correlated Errors, Yiu Lim Lui, Weilin Xiao, Jun Yu

Research Collection School Of Economics

This paper firstly extends the results of Phillips and Magdalinos (2007a) by allowing for anti-persistent errors in mildly explosive autoregressive models. It is shown that the Cauchy asymptotic theory remains valid for the least squares (LS) estimator. The paper then extends the results of Phillips, Magdalinos and Giraitis (2010) by allowing for serially correlated errors of various forms in local-to-mild-explosive autoregressive models. It is shown that the result of smooth transition in the limit theory between local-to-unity and mild-explosiveness remains valid for the LS estimator. Finally, the limit theory for autoregression with intercept is developed.

Sources Of Health Financing And Health Outcomes: A Panel Data Analysis, Tomoki Fujii

Research Collection School Of Economics

We study the differential impacts of public and private sources of health spending on health outcomes using a triple difference approach. We find that private health spending has on average a higher health-promoting effect than public health spending. This result is robust with respect to the choice of outcome measure and covariates in the regression and driven primarily by the countries with ineffective governments. Once we restrict our sample to countries with effective governments, private health spending is no better than public health spending for improving the health outcome.

Forecasting Large Covariance Matrix With High-Frequency Data: A Factor Correlation Matrix Approach, Yingjie Dong, Yiu Kuen Tse

Research Collection School Of Economics

We propose a factor correlation matrix approach to forecast large covariance matrix of asset returns using high-frequency data. We apply shrinkage method to estimate large correlation matrix and adopt principal component method to model the underlying latent factors. A vector autoregressive model is used to forecast the latent factors and hence the large correlation matrix. The realized variances are separately forecasted using the Heterogeneous Autoregressive model. The forecasted variances and correlations are then combined to forecast large covariance matrix. We conduct Monte Carlo studies to compare the finite sample performance of several methods of forecasting large covariance matrix. Our proposed …

Deep Unsupervised Pixelization, Chu Han, Qiang Wen, Shengfeng He, Qianshu Zhu, Yinjie Tan, Guoqiang Han, Tien-Tsin Wong

Research Collection School Of Computing and Information Systems

In this paper, we present a novel unsupervised learning method for pixelization. Due to the difficulty in creating pixel art, preparing the paired training data for supervised learning is impractical. Instead, we propose an unsupervised learning framework to circumvent such difficulty. We leverage the dual nature of the pixelization and depixelization, and model these two tasks in the same network in a bi-directional manner with the input itself as training supervision. These two tasks are modeled as a cascaded network which consists of three stages for different purposes. GridNet transfers the input image into multi-scale grid-structured images with different aliasing …

Child Neglect Awareness Educational Workshop, Lizette Escobar, Courtney R. Mccrary

Capstone Projects and Master's Theses

CASA of Monterey County provides advocates to the foster children who are in the CASA program. The number of children ending up in foster care is increasing, and neglect was found to be one of the top reasons that children are placed into foster care. CASA of Monterey County recognizes this issue and implemented the “Child Neglect Awareness Educational Workshop.” This workshop taught parents about child neglect, in order to prevent them from neglecting their children. This educational workshop was held at University Park Elementary School and participants were a group of Hispanic parents, since Hispanics/Latinos have the highest rate …

Accelerating An Opioid Safety Collaborative’S Efforts In Addressing Opioid Use And Misuse, Norma Cabriales Gutierrez

Capstone Projects and Master's Theses

Opioid dependency has skyrocketed since the 1990’s. Today, there is roughly 1 opioid prescription written for every 2 Monterey County residents according to the California Department of Public Health (2018). Individualized efforts to address the opioid crisis must become a smooth-running process to rectify the damage of over-prescribing. The Prescribe Safe Monterey County Initiative has been a leader in alleviating some damages the epidemic has brought upon our community since their work began in 2014. Accelerating their efforts to combat opioid misuse and abuse by utilizing Monterey County Health Department’s strategy maps is the focus of this capstone. The recommendation …

Homework Without Barriers, Hailey Edwards

Capstone Projects and Master's Theses

Assigning equitable homework to students from low socioeconomic status (SES) families is a challenge for elementary school teachers. Often, teachers assign traditional homework activities such as weekly packets, projects, and research. Unfortunately, research indicates that students often do not have access to materials, parental help, and/or other resources which their SES advantaged peers may have. This study is important because students should have the opportunity to continue their learning outside of the classroom, and involve their families in their learning. After interviewing teachers at Sand Dune Elementary School, I have used what I have learned to identify action options to …

Diversification Of Resources In Rural King City, Laura Martinez

Capstone Projects and Master's Theses

Lack of resources in rural King City has become a barrier for access to mental health treatment. Monterey County Behavioral Health (MCBH) provides mental health services but diverse programs like Interim Inc. are in the Salinas area. External mental health resources are difficult to obtain for some of the clients. Therefore, the ACCESS team for MCBH King City made the decision to implement a support group that would serve as a new resource for local adult clients.

A Mindfulness Group was developed to help clients who suffer from anxiety and depression. The group contained content that educated clients on how …

Father Engagement, Marisa Morales

Capstone Projects and Master's Theses

The Monterey County Office of Education Head Start & Early Head Start Family & Community Engagement service has identified the need for father involvement in early childhood education. With a very meaningful purpose “Padres Bien Padres, Very Cool Dads”, was started. Four workshops were given to male role models to support parenting engagement with their children. In addition, professional development training was provided to head start Policy Council to raise awareness of the “Padres Bien Padres, Very Cool Dad’s” program and share different ideas and activities to improve and encourage fathers to participate in head start. The Policy Council members …

School Based Flu Clinics, Jessica Sanchez

Capstone Projects and Master's Theses

The Visiting Nurse Association & Hospice provides health care in an ethically responsible, affordable, caring, and professional manner. The department of Community Services, focuses on providing traveling clinics to maintain a community healthy. School Based Flu Clinics were implemented under the Community Services department. These clinics address the excessive number of Monterey County residents becoming ill from influenza (flu) each flu season. The project was an event that immunized the community as well as provided education, about the importance of the flu shot. The four clinics, were open to the public, targeting students, parents, friends, and district employees. Flu vaccine …

Increasing Technology Skills For Head Start Staff In Monterey County, Jasmin Lopez

Capstone Projects and Master's Theses

MCOE Head Start has been transitioning from pen and paper to a new software, ChildPlus. This software provides the ability for staff and administrators to quickly and efficiently track all of the data required by the program so that the agency staff can focus on serving families and children to the best of their ability. When the requirement to use ChildPlus was implemented, teachers were resistant and unprepared. As a consequence, the programs funding and efficiency opportunities and its data input was impacted. A twenty- four question survey of thirty- eight staff members was developed to help determine the greatest …

S.E.E. Program Guide, Antonio Perez

Capstone Projects and Master's Theses

Salinas Valley Memorial Hospital Foundation: Children Miracle Network Hospitals (CMNH) Screen, Educate, and Equip (S.E.E.) Program provides free of cost cardiac screenings by EKGs, hands-only CPR training, and an AED to participating high schools for student athletes within Monterey, Santa Cruz, and San Benito County. Its purpose is to prevent and/or reduce sudden cardiac arrest among student athletes. To insure easier access to the programs information and history to potential participating high schools a program guide has been created. The guide contains information on sudden cardiac arrest, history of the program and CMNH, and the contracts and EKG results sheets. …

Mental Health Matters: Promoting Social And Emotional Learning, Shannen A. Menor

Capstone Projects and Master's Theses

The mental health of children is something that is overlooked and often not talked about. This is important because children need guidance to manage their emotions especially after going through traumatic experiences. The focus of this Capstone Project was on gaining more information about children’s mental health and promoting the importance of Social and Emotional Learning (SEL). By interviewing three elementary school teachers at Roadrunner Elementary, I collected data to see how they viewed social and emotional learning and what they thought could be done to improve students’ mental health. Based on an analysis of the data and the relevant …

Implementing Mindfulness Into Schools, Kristen Gonzales

Capstone Projects and Master's Theses

Learning for Life Charter School located in Marina, CA. serves students in grades 7-12. The student at Learning for Life had challenges in traditional school settings and deals with a variety of social, emotional and academic challenges. Mindfulness seminars were implemented to help provide a toolkit to manage these challenges. The project with help from the guidance counselor and school director was a series of mindfulness seminars. Mental Health and well being are not discussed enough in our school system and children at a young age need to know that their emotions are validated and they have methods to work …

The Irony Of The Arab Springs In Tunisia: Democratic Governance And Women's Rights, Jalea Finkelstein

Capstone Projects and Master's Theses

The Arab Springs were a series of revolutions that took place in the Middle East which first came about in the country of Tunisia. Tensions over governmental corruption, poor economic standings, unemployment, lack of political freedom, and little progress for women’s rights. From the fall of the Ben Ali Regime to the rise of the Ennahda Islamist Party, it has truly impacted Women’s Rights in such a unique way that has shaped a great revolution. These tensions also created a domino effect throughout the Arab World which affected countries such as Egypt, Libya, Yemen, and Syria. The role of women …

Getting Comfortable With Being Uncomfortable: Developing Students' Interpersonal Skills, Mariah Lambert

Capstone Projects and Master's Theses

Interpersonal skills are an imperative part of a child’s development. Strategies can be developed by educators to help students build these skills in a productive and positive manner. Based on an analysis of the program director and teacher interview data, students’ interpersonal skills can be enhanced by creating Social Development lessons, creating an interactive learning environment, and exemplifying the importance of properly developed communication skills. It is important for educators to understand how to help their students find the right way to convey their emotions. It is not our job, as teachers, to solve the issue for the students, but, …

The Domino Effect Of Challenging Behaviors, Stephanie Montezuma

Capstone Projects and Master's Theses

Challenging behaviors in special education have been an issue in special education classroom settings. In recent years it has become more evident that there is a need for improvement, although schools around the country have worked diligently to implement behavioral support plans that could improve or eliminate challenging behaviors. Many teachers in special education are under or unprepared to tackle these issues. After conducting research and interviewing two special education teachers, it was determined that most classrooms were in need of extra personnel support, staff training, and/or more effective parental involvement. In order to implement one of these action options, …

Numerical Simulation And Optimization Of Blalock-Taussig Shunt, Thomas Hess, Ramesh K. Agarwal

McKelvey School of Engineering Graduate Student Theses & Dissertations

The goal of this study is to create an optimized Blalock-Taussig shunt used to temporarily repair pulmonary vascular blockages allowing a child time to grow so a more permanent surgical repair of the heart and vasculature can be performed. Blalock-Taussig or BT shunts are a surgical procedure performed on infants suffering from cyanosis or “Blue Baby Syndrome.” A BT shunt is an artificial vessel placed between the right ventricle and the pulmonary artery to increase blood flow in the lung and blood oxygen saturation levels. In a study of 96 patients with currently in use modified BT shunts, 32 patients …

Varying Dataset Resolution Alters Predictive Accuracy Of Spatially Explicit Ensemble Models For Avian Species Distribution, Claire M. Curry, Jeremy D. Ross, Andrea Contina, Eli S. Bridge

School of Integrative Biological & Chemical Sciences Faculty Publications

Species distribution models can be made more accurate by use of new “Spatiotemporal Exploratory Models” (STEMs), a type of spatially explicit ensemble model (SEEM) developed at the continental scale that averages regional models pixel by pixel. Although SEEMs can generate more accurate predictions of species distributions, they are computationally expensive. We compared the accuracies of each model for 11 grassland bird species and examined whether they improve accuracy at a statewide scale for fine and coarse predictor resolutions. We used a combination of survey data and citizen science data for 11 grassland bird species in Oklahoma to test a spatially …

Entendiendo Las Calorias/ Understanding Calories, Lorena Santana

Capstone Projects and Master's Theses

In Monterey County nearly half of residents have been diagnosed with diabetes or pre-diabetes. Monterey County is 58.3% Hispanic and studies show that Latinos are 50% more likely to die from diabetes than Whites. Therefore the Central Coast YMCA Diabetes Prevention Program seeks to prevent the development of diabetes by aiding prediabetic patients to make a lifestyle change and become healthier through a one-year program. In the United States non-English speakers often lack access to resources in their own language. With this knowledge the YMCA’s Diabetes Prevention Program has created an educational resource to support Spanish speakers in understanding materials …

Building A Recording-Specific Amplifier Cabinet, John Livingston

Capstone Projects and Master's Theses

Recording electric guitar has become a major component of any professional recording environment over the last 50 years, and recognizing the parameters that generate a quality recording is essential in getting the desired tonality and sound. The author examines the characteristics of amplifier cabinets desirable in studio use, and documents the process of building one from scratch for recording purposes based off of research parameters- as well as personal studio experience. This project compares the build of a custom amplifier cabinet against that of a store-bought cabinet from a reputable manufacturer (Fender) with emphasis on build materials, power handling, and …

Effectiveness Of Remind.Com For Students Missing Credits At Greenfield High School, Alfredo Diaz

Capstone Projects and Master's Theses

The purpose of this capstone is to determine the extent to which online credit recovery is effective at allowing students to regain missing credits at Greenfield High School (GHS). Recent studies show students do better in school when parents are involved. This helps students become motivated and engaged in being successful students. The counseling department at Greenfield High School lacks connection with students and parents. It is not the school's fault nor the staff trying to provide students with resources to help them gain a high school diploma. Unfortunately, Monterey County struggles with parent involvement for the fact that many …

Let’S Talk About It: Special Education Communication Barriers With General Education Teachers, Edith Diaz

Capstone Projects and Master's Theses

The focus of this Capstone Project is on the communication barriers between Special Education and General Education educators, due to a lack of time for collaboration during the school year. Poor communication between teachers can negatively impact special education students’ academic achievement. Unfortunately, this issue has been around for decades, yet no effective solutions have been implemented. Solutions that have been considered include more teacher training, peer-mediated instruction, and co-teaching. Data was collected from interviews conducted with one administrator, two Special Education teachers and three General Education teachers from a local high school. Surveys were also taken from Special Education …

The Universal Language Of Music: Why Music Is Important In Education, Carron Prudhon

Capstone Projects and Master's Theses

This capstone project focused on the need for increasing music opportunities in schools and the ways in which it increases literacy, particularly in an English Language Learners (ELL) classroom, where increasing English literacy is so vital. After interviewing a district music director, a high school English language development director, and a high school ELL teacher, three action options emerged as ways to provide more music in high school ELL classrooms. Based on the findings, an action was undertaken to help secondary teachers incorporate more music into their daily curriculum.