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This book studies the measurement and the determinants of systemic risk, paying special attention to the role of the Credit Default Swaps (CDSs) either as financial instruments containing valuable information about the soundness of the reference institutions or as a market whose distress contributes to potential systemic shocks on the economy. The measurement of systemic risk is addressed from two perspectives, aggregate and individual contribution to systemic risk where the former refers to the level of systemic risk in the overall economy and the latter to the individual contribution of each financial institution to the overall systemic risk. The analysis of the determinants of the individ...
Tensegrity structures are really intriguing: bars floating in the air, without any contact to a solid support, attached only by wires to other bars… that are also floating in the air! The aim of this work is to serve as an introduction to such an atypical kind of structure. It tries to explain everything about the controversial origins and polemic fatherhood; tensegrities from various fields, other than Architecture, structural principles, characteristics, advantages and weakness; precedent and current works and patents; and finally, some new proposals, proving that it is possible to find some applications to architectural and engineering purposes. In conclusion, this work tries to be a guide and reference to a new world of structural possibilities that is blooming and finding its path.
This thesis studies the stochastic behaviour of interest rates and commodity prices, extending the existing literature by allowing the underlying state variable to capture any possible seasonal or cyclical behaviour. In the first chapter, we propose a new model for the term structure of interest rates assuming that the instantaneous spot rate converges to a cyclical long-term level characterized by a Fourier series. Under this framework, we derive analytical expressions for the valuation of bonds and several interest rate derivative assets. The second chapter introduces a new square-root model for the yield curve where both the mean reversion level and the volatility are described by a harmonic oscillator. This model specification incorporates a good deal of flexibility preserving the analytical tractability. In the final chapter, we present a model for the logarithm of the commodity spot price with a reversion to a time dependent long-run level described by a Fourier series, obtaining closed-form expressions for a wide range of derivatives and study the fitting performance to market data.
One of the most difficult challenges a music theoretician faces, be it historically, philosophically or in other aspects, is that of correctly and precisely framing the meaning that music has in a specific moment: deducing the “why” and revealing the secret hidden within. The book Pure and Programme Music in the Romanticism, a rigorous and indispensable study to understand music in the period in which music as an expression of feelings, begins to reach the threshold of the sublime –primarily focusing attention on what pure and programme music represent. Both types of music are instrumental, but the difference between them is that the first one, pure music, exists on its own, and for it...
Primer volumen de la colección Books & Science que reedita en inglés a autores y textos de reconocido prestigio y calidad en sus respectivos campos del conocimiento. Aborda, bajo el prisma de diversas áreas, tanto los problemas psicológicos ocasionados por la ganancia de peso entre los jóvenes, las realidades de su tratamiento, consejos nutricionales, ejercicio físico, educación psicológica… como alternativas y su prevención.
The Radon Group from the University of Cantabria in Spain organized, in old uranium mine, a new inter-laboratory performance exercise to measure radon indoors exposure and external gamma radiation, with changing parameters of temperature, pressure and humidity. In this book are shown the results of the inter-comparison as well as discussions of the achieved results in which were involved 41 laboratories from different European countries.
Provides: over 26,000 academic institutions, 150,000 staff and officials; extensive coverage of universities, colleges and other centres of learning; and detailed information on over 400 international cultural, scientific and educational organizations.
Previo al texto completo de Sojo y Lomba se encuentra el estudio preliminar dividido en cuatro apartados: en el primero se hace un bosquejo biográfico de Fermín de Sojo y Lomba; seguidamente, se presenta ordenada por bloques temáticos su obra publicada, un total de 17 trabajos, y se comenta de un modo sintético las especificidades de los más importantes; en la tercera parte, se analiza detalladamente la singular obra sobre las comunicaciones en Cantabria que se recoge en este libro; finalmente, se mencionan los textos editados por Sojo y las referencias bibliográficas utilizadas en esta memoria.
Recursos humanos en investigación y desarrollo.--V.2.
La idea de medir longitudes y áreas es capital en la historia de las Matemáticas siendo así la que da nombre a una de sus ramas más antiguas: la Geometría. La noción de medir, que es muy intuitiva en su origen, se ha desarrollado gracias a los distintos métodos introducidos a lo largo del tiempo, desde el clásico de Arquímedes hasta el cálculo integral y la teoría de la medida. La aparición de estas técnicas cada vez más complejas va ligada a la de objetos matemáticos cada vez más extraños, como los fractales. En este libro, de un modo totalmente divulgativo, se exponen estos hitos, sirviendo de modo de exponer cómo y por qué se hacen las Matemáticas.