The CD in American banking: a retrospect and prospect

The Herbs negotiable time certificate of deposit (CD) has played an important role in the competitive struggle of commercial banks in the US since 1961, enabling them to tap sources of funds they had neglected since the banking reforms of the 1930s.The aggressive employment of the CD has already brought about various changes in banking practises, a

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Hierarchical models in the brain.

This paper describes a general model that subsumes many parametric models for continuous data.The model comprises hidden layers of state-space or dynamic causal models, arranged so that the output of one provides input to another.The ensuing hierarchy furnishes a model for many types of data, of arbitrary complexity.Special cases range from the gen

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