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Monoline insurers do a straightforward job: they insure securities — guaranteeing, for instance, that if a bond defaults they'll cover the interest and the principal.
Essentially, they were guaranteeing, for 10 years, the credit of a group of financial companies, including credit guarantee insurance companies like Ambac and MBIA.
Typically, parallel applications embed mechanisms to efficiently use the allocated resources, guaranteeing for example a good load balancing and reducing the parallel overhead.
In moving so quickly, did the Fed give itself enough time to consider less drastic approaches, like guaranteeing for 30 days the completion of all open trades between Bear Stearns and its customers?
A universal, approximation-free state feedback control scheme is designed for unknown pure feedback systems, capable of guaranteeing, for any initial system condition, output tracking with prescribed performance and bounded closed loop signals.
A universal controller is designed for strict feedback systems with unknown nonlinearities, capable of guaranteeing, for any a priori known initial state condition, bounded signals in the closed loop, as well as prescribed performance for the output tracking error.
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