Credit Risk Pricing Models - now in its second edition - gives a deep insight into the latest basic and advanced credit risk modelling techniques covering not only the standard structural, reduced form and hybrid approaches but also showing how these methods can be applied to practice. The text covers a broad range of financial instruments, including all kinds of defaultable fixed and floating rate debt, credit derivatives and collateralised debt obligations.This volume will be a valuable source for the financial community involved in pricing credit linked financial instruments. In addition, the book can be used by students and academics for a comprehensive overview of the most important credit risk modelling issues.
This volume examines the impact that the financing and administration systems of labor market policy have on the design of national policies concerning the unemployed. The authors investigated labor market policy in six countries--Austria, France, Federal Republic of Germany. Great Britain, Sweden, and the United States--and determined that the distribution of responsibility for labor market programs, the financing of these programs, and the procedures for determining issues and expenditures differ markedly from country to country. The authors explore how the same economic causes--price changes, technological rationalization, new products--can have very different labor market effects because of institutional factors, such as the job-search behavior of the unemployed, the mobility of the employed, the hiring practices of firms, wage negotiations between trade unions and employers, and the employment policies of different levels of government and their impact on the behavior of labor market forces. Unemployment Insurance and Active Labor Market Policy answers the questions: how much public funding do the unemployed receive in wage-replacement benefits and for how long; how much public funding is devoted for manpower programs and invested in "active" labor market policy; and finally, how are the necessary financial resources made available? In summary, the book investigates the relationship between the financing system and revenues and expenditures for labor market policy, the role played by market policy in employment policy as a whole, and the impact of the financing system for labor market policy on the classical goals of the welfare state. The findings of this comprehensive study should contribute to the redeployment of financial resources from those funds currently being used to finance unemployment (unemployment benefits, unemployment assistance, and public assistance) to financing employment.
Microbial polysaccharides represent an attractive alternative to those from plants or macro algae. They can be produced from renewable sources including lignocellulosic waste streams. Their production does not depend on geographical constraints and/or seasonal limitations. Additionally the manipulation of biosynthetic pathways to enhance productivity or to influence the chemical polysaccharide composition is comparatively easy in bacteria. Microbial exopolysaccharides represents a valuable resource of biogenic and biodegradable polymers, suitable to replace petro based polymers in various technical applications. Furthermore, biocompatible exopolysaccharides are very attractive in medical applications, such as drug delivery systems, use as vaccines or nanoparticles. This research topic will depict the status quo, as well as the future needs in the field of EPS and biofilm research. Starting from the unexplored diversity of microbial polysaccharide producers to production processes and possibilities for modifications, to enhance the already high number of functionalities based on the chemical structures. An overview of the recent and future applications will be given, and the necessity in unravelling the biosynthesis of microbial exopolysaccharide producers is depicted, highlighting the future trend of tailor made polymers. Constraints in structure analysis of these highly complex biogenic polymers are described and different approaches to solve the restrictions in imaging and NMR analysis will be given. Therefore; this research topic comprises the whole process from genes to applications.
Credit risk is one of the oldest forms of risk in the financial markets, and still revolutionary changes and developments are taking place in the credit markets today. This work contributes to the efforts of academics and practitioners to explain credit markets, price default related financial instruments such as defaultable fixed and floating rate debt, credit derivatives, and other securities with embedded credit risk. The whole process, from the specification of the underlying stochastic processes to the estimation of the parameters and calibration to market data is shown. The models proposed are validated in a lot of in- and out-of-sample statistical tests. Typical applications such as bond portfolio optimization under the consideration of credit risk are discussed in depth.
One of the most intriguing discoveries in molecular biology in the last decade is the existence of an evolutionary conserved and essential system, consisting of molecular chaperones and folding catalysts, which promotes the folding of the proteins in the cell. This text summarizes our current knowledge of the cellular roles, the regulation and the mechanism of action of this system. It has a broad scope, covering cell biological, genetic and biochemical aspects of protein folding in cells from bacteria to man. Particularly appropriate to researchers working in basic and applied aspects of molecular medicine, this volume should also prove useful as an up-to-date reference book and as a textbook for specialized university courses.
Inhaltsangabe:Abstract: Electronic Commerce, once thought of as futuristic buzzwords, is becoming a commonly used term. International newspapers, magazines, and the electronic media mention at least some forecast or news related to this subject on a daily basis. Nevertheless, a look at the growing numbers of consulting companies, that offer a variety of services relating to Electronic Commerce reveals the immense uncertainty companies are experiencing about what exactly Electronic Commerce is, and how they can implement it. While it seems that the importance of this issue in the business environment is widely accepted in the US, a recent study from Andersen Consulting (Andersen, 1998) shows that among European senior executives only 19% regard Electronic Commerce as a serious competitive threat to their business. Furthermore, only 39% are taking steps today to incorporate Electronic Commerce into their current operational strategies. There is a number of factors contributing to the "wait-and-see" attitude taken by executives and consumers as well. Executives tend to view the rise of Electronic Commerce as an external business environment issue, while consumers are concerned about security issues. These are still common views in the US. In European countries, a cultural problem stemming from a slowly changing and stable business environment adds to that problem. Fear of failing by trying a new approach, in most cases, overshadows the willingness to take new risks. Nevertheless, the uncertainty about the changes implied by Electronic Commerce are far-reaching and can be found in any country. With the increasing importance of the Internet, the business environment, as well as other areas in society, is about to fundamentally change. Old paradigms are no longer working in the evolving new business world, sometimes called digital economy. Electronic Commerce is the keyword that tries to capture the new paradigms which are not even clear yet. The only thing that is reliable and predictable about Electronic Commerce and the new economy, is change. Never before was it more important to be flexible and willing to take risks by trying new approaches. As businesses like to operate in a predictable environment where planning the future is easy, it becomes very difficult to adapt to the pace of change. Not only do businesses need new strategies, they also need to constantly reinvent themselves. Businesses need to realize, that it becomes necessary to accept [...]
This title was first published in 2000. The result of an international meeting organized by the European Centre, this book reports from economists, social scientists and experts from government and inter-governmental institutions who came together to investigate the best way to overcome mass unemployment in Europe.
“When on July 20, 1944, a bomb—boldly placed inside the Wolf’s Lair (Hitler’s headquarters in East Prussia) by the German Anti-Nazi Resistance—exploded without killing the Führer, the subsequent coup d’état against the Third Reich collapsed. Most of the conspirators were summarily shot or condemned in show trials and sadistically hanged. The conspiracy involved a wide circle of former politicians, diplomats, and government officials as well as senior military men. The Resistance had started as early as 1933 and involved several planned putsches and assassination attempts. Hans B. Gisevius knew or met the major figures—including Beck, Canaris, Oster, Goerdeler, and von Stauffenberg—and barely escaped after the coup’s failure. One of the few survivors of the German Anti-Nazi Resistance, Gisevius traces its history, from the 1933 Reichstag fire to Germany’s defeat in 1945, in a book as riveting as it is exceptional.”-Print ed.
This revised and expanded English edition of Bernd U. Schipper’s 2012 Hermeneutik der Tora incorporates the results of his continued research and writings on Proverbs. For nearly a century, many biblical scholars have argued that the main theological traditions, such as the divine law, God’s torah, do not appear in the book of Proverbs. In this volume, however, Schipper demonstrates that Proverbs interacts in a sophisticated way with the concept of the torah. A detailed analysis of Proverbs 2 and other passages from the first part of the book of Proverbs shows that Proverbs engages in a postexilic discourse around “wisdom and torah” concerning the abilities of humans to fulfill the will of YHWH exemplified in the divine torah.
This is the first textbook on a generally applicable control strategy for turbulence and other complex nonlinear systems. The approach of the book employs powerful methods of machine learning for optimal nonlinear control laws. This machine learning control (MLC) is motivated and detailed in Chapters 1 and 2. In Chapter 3, methods of linear control theory are reviewed. In Chapter 4, MLC is shown to reproduce known optimal control laws for linear dynamics (LQR, LQG). In Chapter 5, MLC detects and exploits a strongly nonlinear actuation mechanism of a low-dimensional dynamical system when linear control methods are shown to fail. Experimental control demonstrations from a laminar shear-layer to turbulent boundary-layers are reviewed in Chapter 6, followed by general good practices for experiments in Chapter 7. The book concludes with an outlook on the vast future applications of MLC in Chapter 8. Matlab codes are provided for easy reproducibility of the presented results. The book includes interviews with leading researchers in turbulence control (S. Bagheri, B. Batten, M. Glauser, D. Williams) and machine learning (M. Schoenauer) for a broader perspective. All chapters have exercises and supplemental videos will be available through YouTube.
Food which nanotechnology has impacted or to which nanotechnology is applied is referred to as nanofood. From treatment of the soil in which a crop plant is grown to the caring of a food, nanotechnology is a growing factor in the food supply. At this point, however, there is no definitive, effective global method for regulating the use of nanotechnology as it relates to the food suply. Legislation on nanotechnologies is still evolving, as is understanding what data is needed for effective, efficient and appropriate risk assessment associated with nanotechnology impacted foods. Due to the emerging nature of nanotechnology and its role in the food supply, case-by-case studies are the current norm, but the need for wide-scale testing and broad-based regulatory standards is urgent. This project is based on an EFFoST study designed to provide a comparative study of nanofood regulations in order to guide regulation development in this rapidly expanding market. Provides comparative study of nanofood regulations in order to guide regulation development in this rapidly expanding market Includes both case-by-case examples and more broad-based insights Provides models for regulation specifically for regulating nanotechnology as applied to food
The history of biblical Israel, as it is told in the Hebrew Bible, differs substantially from the history of ancient Israel as it can be reconstructed using ancient Near Eastern texts and archaeological evidence. In A Concise History of Ancient Israel, Bernd U. Schipper uses this evidence to present a critical revision of the history of Israel and Judah from the late second millennium BCE to the beginning of the Roman period. Considering archaeological material as well as biblical and extrabiblical texts, Schipper argues that the history of “Israel” in the preexilic period took place mostly in the hinterland of the Levant and should be understood in the context of the Neo-Assyrian expansion. He demonstrates that events in the exilic and postexilic periods also played out differently than they are recounted in the biblical books of Ezra and Nehemiah. In contrast to previous scholarship, which focused heavily on Israel’s origins and the monarchic period, Schipper’s history gives equal attention to the Persian and early Hellenistic periods, providing confirmation that a wide variety of forms of YHWH religion existed in the Persian period and persisted into the Hellenistic age. Original and innovative, this brief history provides a new outline of the historical development of ancient Israel that will appeal to students, scholars, and lay readers who desire a concise overview.
The bumblebee spends its days gathering the resources needed by the hive -- honey for energy and pollen for protein. The author examines the intricate processes that make up this behavior, including discussions of thermoregulation and its behavioral application, and the way bumblebees choose flowers to harvest.
This two-volume set constitutes the refereed proceedings of the 5th European Conference on Computer Vision, ECCV'98, held in Freiburg, Germany, in June 1998. The 42 revised full papers and 70 revised posters presented were carefully selected from a total of 223 papers submitted. The papers are organized in sections on multiple-view geometry, stereo vision and calibration, geometry and invariances, structure from motion, colour and indexing, grouping and segmentation, tracking, condensation, matching and registration, image sequences and video, shape and shading, motion and flow, medical imaging, appearance and recognition, robotics and active vision, and motion segmentation.
The rare occurrence of tumors of the facial skeleton, whether of dental origin (odontogenic) or arising from bone (osteogenic), makes it impossible for a single observer to appreciate fully the epi demiologic and clinical behavior of these lesions, even if he controls the case material of a large institution. The systematic cooperation of many scientists is necessary in order to compile a meaningful body of information and make that information accessible for study. On the initiative of one of the authors (B.S.), the German-Austrian Swiss Association for the Study of Tumors of the Face and Jaws (DOSAK) resolved in 1971 to establish a special registry for tumors of the facial skeleton, including odontogenic lesions. This registry has been integrated into the bone tumor registry at the Swiss Asso ciation for Pathology in the Department of Pathology of the Uni versity of Basel. In 1974 DOSAK sponsored a symposium on odontogenic and os teogenic tumors of the jaws, at which illustrative cases were pre sented and discussed. These discussions revealed the problematic nature of these tumors and prompted a number of reclassifications, including some changes from benign to malignant and vice versa. It was found that radical and in some cases mutilating operations would not have been justified on the basis of the new classification. The discussions also underscored the importance of considering all factors - epidemiologic, clinical, radiologic and pathohistologi- when establishing a diagnosis.
Hermann Haken (born 1927) is one of the “fathers” of the quantum-mechanical laser theory, formulated between 1962 and 1966, in strong competition with American researchers. Later on, he created Synergetics, the science of cooperation in multicomponent systems. The book concentrates on the development of his scientific work during the first thirty-five years of his career. In 1970 he and his doctoral student Robert Graham were able to show that the laser is an example of a nonlinear system far from thermal equilibrium that shows a phase-transition like behavior. Subsequently, this insight opened the way for the formulation of Synergetics. Synergetics is able to explain, how very large systems show the phenomenon of self-organization that can be mathematically described by only very few order parameters. The results of Haken’s research were published in two seminal books Synergetics (1977) and Advanced Synergetics (1983). After the year 1985 Haken concentrated his research on the macroscopic foundation of Synergetics. This led him towards the application of synergetic principles in medicine, cognitive research and, finally, in psychology. A comprehensive bibliography of Hermann Haken’s publications (nearly 600 numbers) is included in the book.
The book of Proverbs is more than the sum of its parts. Even if some individual proverbs and collections could be older, the overall composition stems from the late Persian or early Hellenistic period. In its present form, the book of Proverbs introduces the scribal student to the foundations of sapiential knowledge and its critical reflection. By discussing different worldviews and contrasting concepts on the relationship between God, the world, and humanity, the book of Proverbs paves the way to both the critical wisdom of Job and Ecclesiastes and the masterful combination of Wisdom and Torah in Sirach. Scholarly research has long situated the book of Proverbs within ancient Near Eastern literature but declared it to be something "alien" within the Hebrew Bible. In contrast to such a position, the present commentary interprets the book of Proverbs against the background of both ancient Near Eastern literature and the literature of the Hebrew Bible. One aim of the commentary is to discuss new ancient Near Eastern parallels to the book of Proverbs, with a special focus on Egyptian wisdom literature, including Demotic texts from the sixth to fourth centuries BCE. An equally important aim of this commentary is a detailed exegesis of Proverbs 1-15 as well as an analysis of the overarching strategy of the book of Proverbs as a whole. Taking the prologue of the book in Prov 1:1-7 as a hermeneutical key, the book of Proverbs turns out to be a masterful composition addressing both the beginner and the advanced sage. With its allusions to other biblical texts, including the book of Deuteronomy, the Psalms and the Prophets, the book of Proverbs can be connected to forms of scribal exegesis in Second Temple literature. By using the same scribal techniques as other literati of his time, the scribal sage responsible for some parts of the book as well as its final compilation seeks to provide deeper insight into the complex world of scribal knowledge and sapiential thought.
This volume by the late Bernd J. Diebner presents an anthology of studies previously published only in German from 1971 to 2020 on a wide range of topics in biblical studies. The 18 essays in this collection offer profound insight into the works of German scholarship which have strongly influenced biblical studies and related research in the 20th century. Being an important, but lesser recognized ‘member’ of the Copenhagen school, Diebner voiced serious criticism of contemporary biblical scholarship which is discussed in the first seven chapters. The remaining chapters offer challenging new perspectives on well-known themes, narratives, and compositions related to history, ideology, and archaeology, on the one hand, and text and canon, on the other, as alternatives to traditional historical–critical approaches. Now published in English for the first time, this volume makes these essays available to Anglophone students and scholars of biblical and ancient Near Eastern studies.
From one man's persistent and elegant probing of the temperature biology of bees, we have been led to a deeper understanding of the whole biology of many insect taxa, and of their interactions with ecological and environmental stresses: all who work at the interfaces of physiology, ecology and behaviour have cause to be grateful, and all should certainly read this book." (Trends in Ecology & Evolution) "An outstanding source of information, and can be read with profit and satisfaction by the professional biologist and interested amateur alike." (Nature)
First study of the fascinating parallelism that characterizes developments in Japan and Germany by one of Germany's leading Japan specialists. With the founding of their respective national states, the Meiji Empire in 1869 and the German Reich in 1871, Japan and Germany entered world politics. Since then both countries have developed in strikingly similar ways, and it is not surprising that these two became close allies during the Second World War, although in the end this proved a "fatal attraction.
The revolutionary impetus of the NMR methods in organic chemistry has parallels in the field of boron chemistry. lIB NMR spectroscopy provided a basis for the elucida tion of structures and reactions of the boron hydrides. However, although many studies have been carried out with the higher boranes, carboranes, metalloboranes, etc. , and although certain patterns have emerged, the correlation between the observed chemical shift and the assigned structural unit is still not fully understood. Therefore, predictions in this area are still rather limited, and semiquantitative interpretations are not yet pos sible. Several years ago Eaton and Lipscomb sUpImarized the status in this field in their book "NMR Studies of Boron Hydrides and Related Compounds" and a plethora of new data has accumulated since then. The book also contained material on simple bo rane derivatives, but they were not discussed in any detail. On the other hand many systematic studies, both synthetic and spectroscopic, have been conducted on these simple boron materials in the last decade. Thus a large amount of NMR information is available, not only on lIB but also on 1 H, 1 3 C, and 14 N. However, this information is widely scattered in the literature, and often the data are not discussed at all. It see med appropriate, therefore, to collect these data and to present them in one volume.
Dieses Lehrbuch betrachtet ganzheitlich den Bereich Umwelttechnik, baut dabei auf grundlegende Prinzipien der Umweltchemie auf und konzentriert sich auf innovative und nachhaltige Technologien im Rahmen internationaler Regelungen.
This is the completely revised, updated and enlarged 2nd edition of a classic textbook used in many English and linguistics departments in Germany for more than 20 years. It serves both as an introduction for beginners and as a companion for more advanced undergraduate and graduate students, familiarizing its readers with the major and distinctive properties of English (Standard English as well major national, regional and social varieties), including an in-depth structural comparison with German. Written in an accessible style and with many reader-friendly features (including checklists with key terms and concepts, basic and advanced exercises with solutions), the book offers a state-of-the-art-survey of the core terminology and issues of the central branches of linguistics, including an account of the major current research traditions and methodologies.
This book aims at providing algorithms for balance control of legged, torque-controlled humanoid robots. A humanoid robot normally uses the feet for locomotion. This paradigm is extended by addressing the challenge of multi-contact balancing, which allows a humanoid robot to exploit an arbitrary number of contacts for support. Using multiple contacts increases the size of the support polygon, which in turn leads to an increased robustness of the stance and to an increased kinematic workspace of the robot. Both are important features for facilitating a transition of humanoid robots from research laboratories to real-world applications, where they are confronted with multiple challenging scenarios, such as climbing stairs and ladders, traversing debris, handling heavy loads, or working in confined spaces. The distribution of forces and torques among the multiple contacts is a challenging aspect of the problem, which arises from the closed kinematic chain given by the robot and its environment.
Software Product Management (SPM) is a key success factor for software products and software-intensive products. This book gives a comprehensive overview on SPM for beginners as well as best practices, methodology and in-depth discussions for experienced product managers. This includes product strategy, product planning, participation in strategic management activities and orchestration of the functional units of the company. The book is based on the results of the International Software Product Management Association (ISPMA®, SPM Body of Knowledge V.2) which is led by a group of SPM experts from industry and research with the goal to foster software product management excellence across industries. This book can be used as textbook for ISPMA®-based education and as guide for anybody interested in SPM as one of the most exciting and challenging disciplines in the business of software.
The languages and dialects of Europe, this book shows, are becoming increasingly alike. Furthermore this unifying process goes at least as far back as the Roman empire, is accelerating, and affects every one of Europe's 150 or so languages including those of different families such as Basque and Finnish. The changes are by no means restricted to lexical borrowing but involve every grammatical aspect of the language. They are usually so minute that neither native speakers nor trained linguists notice them. But they accumulate and give rise to new grammatical structures that lead in turn to new patterns of areal relationship. Professor Heine and Professor Kuteva look for the causes of linguistic change in cultural and economic exchanges across national and regional boundaries and in the processes that occur when speakers learn or are in close contact with another language. Testing their data and conclusions against findings from elsewhere in the world, the authors reconstruct and reveal when, how, and why common grammatical structures have evolved and continue to evolve in processes of change that will, they argue, transform the linguistic landscape of Europe. The book is written in clear, non-technical language. It will appeal to scholars and students of language change and variation in Europe and elsewhere. It will also interest everyone concerned to understand the nature of language and language change.
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