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This dissertation samples three episodes from nineteenth century United States history that conveniently illustrate economic behavior in the arena of banking and finance. The first chapter considers improvements in cross-market arbitrage due to technological change. The completion of the undersea Atlantic telegraph cable in July 1866 more closely integrated securities markets on two continents. Chapter 1 conducts an event study on one security with a dual listing on the New York and London Stock Exchanges using daily data. The event study provides some evidence that the information lag between the two markets shortened from ten days to zero days. We can recover transatlantic steamship crossing times from securities prices. The second chapter investigates bank window dressing. Window dressing is a temporary change in portfolio designed to produce a more appealing report to regulators or to the public. Market observers accused national banks of window dressing after the Civil War. Chapter 2 attempts to determine whether or not postbellum Philadelphia banks window dressed their balance sheets. A test finds some evidence for window dressing. The third chapter conducts an econometric test of Diamond and Dybvig's (1983) theory of bank runs as interpreted by Calomiris and Gorton (1991). Diamond and Dybvig employ an exogenous liquidity shock to depositors in order to develop a theory of bank runs. Calomiris and Gorton interpret the exogenous liquidity shock as a seasonal withdrawal from the nation's agricultural interior. Chapter 3 reexamines the hypothesis that a seasonal interior reserve drain served as the exogenous liquidity shock before the bank panics of 1873 and 1893 in the United States. Using individual bank level data in New York, this paper tests whether the banks that held most of the deposits from the interior, the "interest-paying" banks, experience reserve drains just before the panic. The evidence reveals that a seasonal interior drai

The objective of this thesis was to design a canister for the disposal of spent nuclear fuel and other high-level waste in deep borehole repositories using currently available and proven oil, gas, and geothermal drilling technology. The canister is suitable for disposal of various waste forms, such as fuel assemblies and vitrified waste. The design addresses real and perceived hazards of transporting and placing high-level waste, in the form of spent reactor fuel, into a deep igneous rock environment with particular emphasis on thermal performance. The proposed boreholes are 3 to 5 km deep, in igneous rock such as granite. The rock must be in a geologically stable area from a volcanic and tectonic standpoint, and it should have low permeability, as shown in recent data taken from a Russian deep borehole. Although deep granite should remain dry, water in flooded boreholes is expected to be reducing, but potentially corrosive to steel. However, the granite and plug are the containment barrier, not the canister itself. The canisters use standard oil drilling casings. The inner diameter is 315.32mm in order to accommodate a PWR assembly with a width of 214mm. At five meters tall, each canister holds one PWR assembly. The canister thickness is 12.19mm, with an outer diameter of 339.7mm. A liner can extend to the bottom of the emplacement zone to aid in retrievability. The liner has an outer diameter of 406.4mm and a thickness of 9.52mm. The standard drill bit used with a liner of this size has an outer diameter of 444.5mm., http://archive.org/details/canisterdesignfo109452342, Contract number: N62271-97-6-0026., US Navy (USN) author., Approved for public release; distribution is unlimited.

Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Nuclear Science and Engineering, June 2006., Includes bibliographical references (p. 122-125)., The objective of this thesis was to design a canister for the disposal of spent nuclear fuel and other high-level waste in deep borehole repositories using currently available and proven oil, gas, and geothermal drilling technology. The canister is suitable for disposal of various waste forms, such as fuel assemblies and vitrified waste. The design addresses real and perceived hazards of transporting and placing high-level waste, in the form of spent reactor fuel, into a deep igneous rock environment with particular emphasis on thermal performance. The proposed boreholes are 3 to 5 km deep, in igneous rock such as granite. The rock must be in a geologically stable area from a volcanic and tectonic standpoint, and it should have low permeability, as shown in recent data taken from a Russian deep borehole. Although deep granite should remain dry, water in flooded boreholes is expected to be reducing, but potentially corrosive to steel. However, the granite and plug are the containment barrier, not the canister itself. The canisters use standard oil drilling casings. The inner diameter is 315.32mm in order to accommodate a PWR assembly with a width of 214mm. At five meters tall, each canister holds one PWR assembly. The canister thickness is 12.19mm, with an outer diameter of 339.7mm. A liner can extend to the bottom of the emplacement zone to aid in retrievability. The liner has an outer diameter of 406.4mm and a thickness of 9.52mm. The standard drill bit used with a liner of this size has an outer diameter of 444.5mm. Sample calculations were performed for a two kilometer deep emplacement zone in a four kilometer deep hole for the conservative case of PWR fuel having a burnup of 60,000 MWd/kg, cooled ten years before emplacement., (cont.) Tensile and buckling stresses were calculated, and found to be tolerable for a high grade of steel used in the drilling industry. In the thermal analysis, a maximum borehole wall temperature of 2400C is computed from available correlations and used to calculate a maximum canister centerline temperature of 3370C, or 3190C if the hole floods with water. Borehole repository construction costs were calculated to be on the rate of 50 $/kg spent fuel, which is competitive with Yucca Mountain construction costs. Recommendations for future work on the very deep borehole concept are suggested in the areas of thermal analysis, plugging, corrosion of the steel canisters, site selection, and repository economics., by Christopher Ian Hoag., S.M.

The objective of this thesis was to design a canister for the disposal of spent nuclear fuel and other high-level waste in deep borehole repositories using currently available and proven oil, gas, and geothermal drilling technology. The canister is suitable for disposal of various waste forms, such as fuel assemblies and vitrified waste. The design addresses real and perceived hazards of transporting and placing high-level waste, in the form of spent reactor fuel, into a deep igneous rock environment with particular emphasis on thermal performance. The proposed boreholes are 3 to 5 km deep, in igneous rock such as granite. The rock must be in a geologically stable area from a volcanic and tectonic standpoint, and it should have low permeability, as shown in recent data taken from a Russian deep borehole. Although deep granite should remain dry, water in flooded boreholes is expected to be reducing, but potentially corrosive to steel. However, the granite and plug are the containment barrier, not the canister itself. The canisters use standard oil drilling casings. The inner diameter is 315.32mm in order to accommodate a PWR assembly with a width of 214mm. At five meters tall, each canister holds one PWR assembly. The canister thickness is 12.19mm, with an outer diameter of 339.7mm. A liner can extend to the bottom of the emplacement zone to aid in retrievability. The liner has an outer diameter of 406.4mm and a thickness of 9.52mm. The standard drill bit used with a liner of this size has an outer diameter of 444.5mm., See also ADM002021., The original document contains color images.

ELECTRONIC FILE CHARACTERISTICS: 12 files; Adobe Acrobat (.PDF), MS Word (.DOC), MS Excel (.XLS) and data files. PHYSICAL DESCRIPTION: 1 CD-ROM; 4 3/4 in.; 28.7 MB. ABSTRACT: The objective of this thesis was to design a canister for the disposal of spent nuclear fuel and other high-level waste in deep borehole repositories using currently available and proven oil, gas, and geothermal drilling technology. The canister is suitable for disposal of various waste forms, such as fuel assemblies and vitrified waste. The design addresses real and perceived hazards of transporting and placing high-level waste, in the form of spent reactor fuel, into a deep igneous rock environment with particular emphasis on thermal performance. The proposed boreholes are 3 to 5 km deep, in igneous rock such as granite. The rock must be in a geologically stable area from a volcanic and tectonic standpoint, and it should have low permeability, as shown in recent data taken from a Russian deep borehole. Although deep granite should remain dry, water in flooded boreholes is expected to be reducing, but potentially corrosive to steel. However, the granite and plug are the containment barrier, not the canister itself. The canisters use standard oil drilling casings. The inner diameter is 315.32mm in order to accommodate a PWR assembly with a width of 214mm. At five meters tall, each canister holds one PWR assembly. The canister thickness is 12.19mm, with an outer diameter of 339.7mm. A liner can extend to the bottom of the emplacement zone to aid in retrievability. The liner has an outer diameter of 406.4mm and a thickness of 9.52mm. The standard drill bit used with a liner of this size has an outer diameter of 444.5mm. Sample calculations were performed for a 2 kilometer deep emplacement zone in a 4 kilometer deep hole for the conservative case of PWR fuel having a burnup of 60,000 MWd/kg, cooled ten years before emplacement. Tensile and buckling stresses were calculated, and found to be tolerab

The objective of this thesis was to design a canister for the disposal of spent nuclear fuel and other high-level waste in deep borehole repositories using currently available and proven oil, gas, and geothermal drilling technology. The canister is suitable for disposal of various waste forms, such as fuel assemblies and vitrified waste. The design addresses real and perceived hazards of transporting and placing high-level waste, in the form of spent reactor fuel, into a deep igneous rock environment with particular emphasis on thermal performance. The proposed boreholes are 3 to 5 km deep, in igneous rock such as granite. The rock must be in a geologically stable area from a volcanic and tectonic standpoint, and it should have low permeability, as shown in recent data taken from a Russian deep borehole. Although deep granite should remain dry, water in flooded boreholes is expected to be reducing, but potentially corrosive to steel. However, the granite and plug are the containment barrier, not the canister itself. The canisters use standard oil drilling casings. The inner diameter is 315.32mm in order to accommodate a PWR assembly with a width of 214mm. At five meters tall, each canister holds one PWR assembly. The canister thickness is 12.19mm, with an outer diameter of 339.7mm. A liner can extend to the bottom of the emplacement zone to aid in retrievability. The liner has an outer diameter of 406.4mm and a thickness of 9.52mm. The standard drill bit used with a liner of this size has an outer diameter of 444.5mm.