Non-Western Encounters with Democratization offers diverse perspectives on democracy and transition spanning the Middle East and North Africa to East Asia. This unique collection of essays, drawn from contextually rich case studies presents readers with a variety of non-western encounters with democracy and provides important insights into the dramatic political and social transformations in these regions over the past decades. The book offers a deeper understanding of democratization and challenges the image of western democracy as a universal model to which non-western societies aspire. Taking the events of the Arab Spring as the starting point, international contributors look at why the uprisings that rapidly spread across North Africa and the Middle East had a strong resonance in East Asia but failed to inspire similar revolts. Through direct engagement with non-western experiences of political transition the book demonstrates a unique coherence across two regions relatively under explored in democratization literature.
Music in Evolution and Evolution in Music by Steven Jan is a comprehensive account of the relationships between evolutionary theory and music. Examining the ‘evolutionary algorithm’ that drives biological and musical-cultural evolution, the book provides a distinctive commentary on how musicality and music can shed light on our understanding of Darwin’s famous theory, and vice-versa. Comprised of seven chapters, with several musical examples, figures and definitions of terms, this original and accessible book is a valuable resource for anyone interested in the relationships between music and evolutionary thought. Jan guides the reader through key evolutionary ideas and the development of human musicality, before exploring cultural evolution, evolutionary ideas in musical scholarship, animal vocalisations, music generated through technology, and the nature of consciousness as an evolutionary phenomenon. A unique examination of how evolutionary thought intersects with music, Music in Evolution and Evolution in Music is essential to our understanding of how and why music arose in our species and why it is such a significant presence in our lives.
We extend the framework in Andrle and others (2013) to incorporate an explicit role for money targets and target misses in the analysis of monetary policy in low-income countries (LICs), with an application to Kenya. We provide a general specification that can nest various types of money targeting (ranging from targets based on optimal money demand forecasts to those derived from simple money growth rules), interest-rate based frameworks, and intermediate cases. Our framework acknowledges that ex-post adherence to targets is in itself an objective of policy in LICs; here we provide a novel interpretation of target misses in terms of structural shocks (aggregate demand, policy, shocks to money demand, etc). In the case of Kenya, we find that: (i) the setting of money targets is consistent with money demand forecasting, (ii) targets have not played a systematic role in monetary policy, and (iii) target misses mainly reflect shocks to money demand. Simulations of the model under alternative policy specifications show that the stronger the ex-post target adherence, the greater the macroeconomic volatility. Our findings highlight the benefits of a model-based approach to monetary policy analysis in LICs, including in countries with money-targeting frameworks.
Norges Bank has been an integrated part of Norwegian economic development since the complicated birth of the new nation-state after the Napoleonic wars. This book traces its 200-year history, focusing on its relations with political institutions that have shaped and reshaped the bank's role since its establishment in 1816.
The brief and student-friendly approach of this book boils economics down to its essentials, by considering what is truly important for students to learn in their first course in economics. In keeping with the authors' philosophy of showing students the power of economic tools and the importance of economic ideas, this edition pays careful attention to regional and global policies and economic issues ' including the impacts of the ongoing global financial crisis, inflation, unemployment, interest rates, and monetary and fiscal policy. Continuing global financial uncertainty and the current state of the Australian economy provide a constant supply of new material, re-evaluated models, and policy changes and updates for the Principles of Macroeconomics text. The book emphasises the material that students should and do find interesting about the study of the economy, resulting in a focus on applications and policy, and less on formal economic theory. Principles of Macroeconomics, 7e encourages students to make their own judgements by presenting both sides of the debate on five controversial issues facing policymakers: the proper degree of policy activism in response to the business cycle, the choice between rules and discretion in the conduct of monetary policy, the desirability of reaching zero inflation, the importance of balancing the government's budget, and the need for tax reform to encourage saving.
The Music of the Netherlands Antilles: Why Eleven Antilleans Knelt before Chopin's Heart is not your usual musical scholarship. In October 1999, eleven Antilleans attended the service held to commemorate the 150th anniversary of Frédéric Chopin's death. This service, held in the Warsaw church where the composer's heart is kept in an urn, was an opportunity for these Antilleans to express their debt of gratitude to Chopin, whose influence is central to Antillean music history. Press coverage of this event caused Dutch novelist and author Jan Brokken (b. 1949) to start writing this book, based on notes he took while living on Curaçao from 1993 to 2002. Anyone hoping to discover an overlooked chapter of Caribbean music and music history will be amply rewarded with this Dutch-Caribbean perspective on the pan-Caribbean process of creolization. On Curaçao, the history and legacy of slavery shaped culture and music, affecting all the New World. Brokken's portraits of prominent Dutch Antillean composers are interspersed with cultural and music history. He puts the Dutch Caribbean's contributions into a broader context by also examining the nineteenth-century works by pianist Louis Moreau Gottschalk from New Orleans and Manuel Saumell from Cuba. Brokken explores the African component of Dutch-Antillean music—examining the history of the rhythm and music known as tambú as well as American jazz pianist Chick Corea's fascination with the tumba rhythm from Curaçao. The book ends with a discussion of how recent Dutch-Caribbean adaptations of European dance forms have shifted from a classical approach to contemporary forms of Latin jazz.
This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26–27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .
This book provides an innovative approach to sustainable development, one based on insights gleaned from the Industrial Revolution to the present, and which highlights the importance of aligning economic interests with sustainable development considerations. It investigates how a broad-based systematic approach can be used to develop societies sustainably by integrating environmental issues into the capitalist system without value-laden approaches, which produce little more than politics and inaction as we are witnessing today. The proposed approach focuses on realigning the financial markets to providing capital at reasonable cost to fuel innovation towards sustainable development across the entire economy. This requires government policies that level the playing field and also intervene strategically in cases where the playing field is weak or missing . Intended for researchers, policy-makers and graduate students, the book will also benefit non-governmental organizations, economists and the general public.
This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26–27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .
Musical magic hit Austin, Texas, in the early 1970s. At now-legendary venues such as Threadgill's, Vulcan Gas Company, and the Armadillo World Headquarters, a host of country, rock-and-roll, blues, and folk musicians came together and created a sound and a scene that Jan Reid vividly detailed in his 1974 book, The Improbable Rise of Redneck Rock. The breadth of talent still astounds—Willie Nelson, Janis Joplin, Jerry Jeff Walker, Doug Sahm, Delbert McClinton, Michael Martin Murphey, Willis Alan Ramsey, Kinky Friedman, Steve Fromholz, Bobby Bridger, Billy Joe Shaver, Marcia Ball, and Townes Van Zandt. Reid's book even inspired the nationally popular and long-running PBS series Austin City Limits, which focused attention on the trends that fed the music scene—progressive country, country rock, western swing, blues, and bluegrass among them. In this new edition, Jan Reid revitalizes his classic look at the Austin music scene. He has substantially reworked the early chapters to include musicians and musical currents from other parts of Texas that significantly contributed to the delightful convergence of popular cultures in Austin. Four new chapters and an epilogue show how the creative burst of the seventies directly spawned a new generation of talents who carry on the tradition—Lyle Lovett, Stevie Ray Vaughan, The Fabulous Thunderbirds, Robert Earl Keen, Steve Earle, Jimmy LaFave, Kelly Willis, Joe Ely, Bruce and Charlie Robison, and The Dixie Chicks.
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling techniques inspired by new classical economics and real business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different econometric techniques to investigate the relevance and implications of different macroeconomic theories for German data. A key question this book investigates is the role of demand and supply side conditions for the increase in the German unemployment rate. On a policy level, the book relates the implications of the different theories to the ongoing debate on the appropriate roles of demand and supply side policies for curing the German unemployment problem.
The New Institutional Politics is a comparative study of the impact of political institutions upon outcomes, and covers some of the major themes in the new institutionalism. It looks at how various democratic institutions like Konkordanzdemokratie or corporatism promote better outcomes than Westminster institutions. The evaluation of the performance of political institutions covers the executive, the legislature and the judicial system. The book also looks at economic outcomes such as affluence and GDP growth as well as social ones like income distribution and quality of life. It examines the problems of institutional effects in democracies and dictatorships and provides analysis of some of the major models in political science. This is an exploration of how political institutions matter for political, economic and social outcomes. It estimates their impact in relation to other major factors such as culture and social structure. It is written for political scientists and graduates studying comparative politics.
The economic influence of central banks has received ever more attention given their centrality during the financial crises that led to the Great Recession, strains in the European Union, and the challenges to the Euro. The Oxford Handbook of the Economics of Central Banking reflects the state of the art in the theory and practice and covers a wide range of topics that will provide insight to students, scholars, and practitioners. As an up to date reference of the current and potential challenges faced by central banks in the conduct of monetary policy and in the search for the maintenance of financial system stability, this Oxford Handbook covers a wide range of essential issues. The first section provides insights into central bank governance, the differing degrees of central bank independence, and the internal dynamics of their decision making. The next section focuses on questions of whether central banks can ameliorate fiscal burdens, various strategies to affect monetary policy, and how the global financial crisis affected the relationship between the traditional focus on inflation targeting and unconventional policy instruments such as quantitative easing (QE), foreign exchange market interventions, negative interest rates, and forward guidance. The next two sections turn to central bank communications and management of expectations and then mechanisms of policy transmission. The fifth part explores the challenges of recent developments in the economy and debates about the roles central banks should play, focusing on micro- and macro-prudential arguments. The implications of recent developments for policy modeling are covered in the last section. The breadth and depth enhances understanding of the challenges and opportunities facing central banks.
A new perspective on the history of genetics is offered as the author explores the conflicts which have shaped theoretical thinking about heredity and evolution throughout the century.
First published in 1999, this volume re-examines Bertrand Russell’s views on modal logic and logical relevance, arguing that Russell does in fact accommodate modality and modal logic. The author, Jan Dejnožka, draws together Russell’s comments and perspectives from throughout his canon in order to demonstrate a coherent view on logical modality and logical relevance. To achieve this, Dejnožka explores questions including whether Russell has a possible worlds logic, Rescher’s case against Russell, Russell’s three levels of modality and the motives and origins of Russell’s theory of modality.
This book deals with evolutionary systems whose equation of state can be formulated as a linear Volterra equation in a Banach space. The main feature of the kernels involved is that they consist of unbounded linear operators. The aim is a coherent presentation of the state of art of the theory including detailed proofs and its applications to problems from mathematical physics, such as viscoelasticity, heat conduction, and electrodynamics with memory. The importance of evolutionary integral equations ‒ which form a larger class than do evolution equations ‒ stems from such applications and therefore special emphasis is placed on these. A number of models are derived and, by means of the developed theory, discussed thoroughly. An annotated bibliography containing 450 entries increases the book’s value as an incisive reference text. --- This excellent book presents a general approach to linear evolutionary systems, with an emphasis on infinite-dimensional systems with time delays, such as those occurring in linear viscoelasticity with or without thermal effects. It gives a very natural and mature extension of the usual semigroup approach to a more general class of infinite-dimensional evolutionary systems. This is the first appearance in the form of a monograph of this recently developed theory. A substantial part of the results are due to the author, or are even new. (...) It is not a book that one reads in a few days. Rather, it should be considered as an investment with lasting value. (Zentralblatt MATH) In this book, the author, who has been at the forefront of research on these problems for the last decade, has collected, and in many places extended, the known theory for these equations. In addition, he has provided a framework that allows one to relate and evaluate diverse results in the literature. (Mathematical Reviews) This book constitutes a highly valuable addition to the existing literature on the theory of Volterra (evolutionary) integral equations and their applications in physics and engineering. (...) and for the first time the stress is on the infinite-dimensional case. (SIAM Reviews)
A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.
Everyday Zionism examines Zionist activism in East-Central Europe during the years of war, occupation, revolution, the collapse of empires, and the formation of nation states in the years 1914 to 1920. Against the backdrop of the Great War—its brutal aftermath and consequent violence—the day-to-day encounters between Zionist activists and the Jewish communities in the region gave the movement credibility, allowed it to win support and to establish itself as a leading force in Jewish political and social life for decades to come. Through activists' efforts, Zionism came to mean something new: Rather than being concerned with debates over Jewish nationhood and pioneering efforts in Palestine, it came to be about aiding starving populations, organizing soup-kitchens, establishing orphanages, schools, kindergartens, and hospitals, negotiating with the authorities, and leading self-defence against pogroms. Through this engagement Zionism evolved into a mass movement that attracted and inspired tens of thousands of Jews throughout the region. Everyday Zionism approaches the major European events of the period from the dual perspectives of Jewish communities and the Zionist activists on the ground, demonstrating how war, revolution, empire, and nation held very different meanings for people, depending on their local circumstances. Based on extensive archival research, the study shows how during the war and its aftermath East-Central Europe saw a large-scale nation-building project by Zionist activists who fought for and led their communities to shape for them a national future.
This timely book studies the economic theories of credit cycles and disturbances in the 20th century, presenting a nuanced view of the role of finance in the economy after the financial crash of 2008. Focusing on the work of economists from Marx onwards, Jan Toporowski moves beyond conventional monetary theory to offer an insightful critical alternative to current financial macroeconomics.
This book provides an overview of the current state-of-the-art of nonlinear time series analysis, richly illustrated with examples, pseudocode algorithms and real-world applications. Avoiding a “theorem-proof” format, it shows concrete applications on a variety of empirical time series. The book can be used in graduate courses in nonlinear time series and at the same time also includes interesting material for more advanced readers. Though it is largely self-contained, readers require an understanding of basic linear time series concepts, Markov chains and Monte Carlo simulation methods. The book covers time-domain and frequency-domain methods for the analysis of both univariate and multivariate (vector) time series. It makes a clear distinction between parametric models on the one hand, and semi- and nonparametric models/methods on the other. This offers the reader the option of concentrating exclusively on one of these nonlinear time series analysis methods. To make the book as user friendly as possible, major supporting concepts and specialized tables are appended at the end of every chapter. In addition, each chapter concludes with a set of key terms and concepts, as well as a summary of the main findings. Lastly, the book offers numerous theoretical and empirical exercises, with answers provided by the author in an extensive solutions manual.
Virtuosos in the 21st century are exploring ways to expand standard playing techniques in a climate expecting ever-higher levels of perfection, supported by technological advances such as extended-range guitars. This Element examines the development and current state of virtuosic rock guitar in terms of playing, technology, and culture.
“What would it be like to keep a secret for fifty years? Never telling your parents, your children, or even your husband?” Codebreaker Girls: A Secret Life at Bletchley Park tells the true story of Daisy Lawrence. Following extensive research, the author uses snippets of information, unpublished photographs and her own recollections to describe scenes from her mother’s poor, but happy, upbringing in London, and the disruptions caused by the outbreak of the Second World War to a young woman in the prime of her life. The author asks why, and how, Daisy was chosen to work at the Government war station, as well as the clandestine operation she experienced with others, deep in the British countryside, during a time when the effects of the war were felt by everyone. In addition, the author examines her mother’s personal emotions and relationships as she searches for her young fiancée, who was missing in action overseas. The three years at Bletchley Park were Daisy’s university, but having closed the door in 1945 on her hidden role of national importance — dealing with Germany, Italy and Japan — this significant period in her life was camouflaged for decades in the filing cabinet of her mind. Now her story comes alive with descriptions, original letters, documents, newspaper cuttings and unique photographs, together with a rare and powerful account of what happened to her after the war. “Here’s a beauty of a history of some of the codebreaking girls who helped save us during the second world war. This one’s about Daisy Lawrence’s extraordinary life as a poor girl brought up in London and then chosen for top secret work at Bletchley Park. Reads like fiction.” —Books Monthly
The tale of a college student’s top-secret life: “A welcome addition to the seldom told story of the role of American women in [WWII] codebreaking.” —The Spectrum Monitor The Secret Life of an American Codebreaker is the true account of Janice Martin, a college student recruited to the military in 1943 after she was secretly approached by a professor at Goucher College, a liberal arts establishment for women in Baltimore, Maryland. Destined for a teaching career, Janice became a prestigious professor of classics at Georgia State University, but how did she spend three years of her secret life during the war working in Washington D.C.’s Top Secret Intelligence? Why was she chosen? How was she chosen? What did she do? This intriguing biography also delves into the stories of several other World War II codebreakers, male and female. With extensive research, unpublished photographs, and recorded interviews, we discover the life of Janice Martin from Baltimore and her Top Secret Ultra role in helping to combat U-boats in the Battle of the Atlantic, work she and her colleagues undertook in a foundation provided by both British and American intelligence. From the early days to D-Day and beyond, the book reveals the hidden figures who were part of this incredible time in history.
This work focuses on different aspects of the monetary transmission process, looking at both large and small economies in the EMU. The results offer useful evaluation tools with regard to monetary policy transmission in a European perspective.
This book is aimed at those studying and working in the field of health care, including nurses and the professions allied to medicine, who have little prior knowledge of statistics but for whom critical review of research is an essential skill. The book will provide support for those conducting literature-based projects which require the student to review evidence generated through empirical investigations. Evidence-based projects or assignments have, for several years formed the basis of a final year independent study for most honours degrees, and increasing numbers of masters programmes, in health care. Working from practical examples, exercises and illustrations, explanations will be given in (relatively) straightforward conceptual terms. This book is intended as a practical guide and reference book. Bullet points and illustrations will be used wherever possible, and dense text avoided. A detailed glossary of statistical concepts and terms will be provided as an additional resource for learning. The emphasis throughout will be to enable the student to transfer their learning to the research reports they are reading. Using fundamental criteria and aided by a list of key questions, students will be able to make an informed judgement about the quality of the research findings. The examples used will be based closely on actual research data, but essential details will be changed. This approach is intended to avoid problems of copyright and overcome the ethical problem of challenging published research in a forum where there is no right of the authors to reply. As follow-up exercises, students will be directed to references where they can test out their learning on ‘real’ examples, guided by key questions.
Written by one of the leading authorities in the field, the Second Edition of this successful book: Situates students in the expanding field of development theory Provides an unrivalled guide to the strengths and weaknesses of competing theoretical approaches Explains key concepts Examines the shifts in theory Offers an agenda for the future In this book, the author brings a huge range of experience and knowledge about the relationship between the economically advanced and the emerging, developing nations.
Known as the “bible†of midwifery, this new edition of Varney's Midwifery has been extensively revised and updated to reflect the full scope of current midwifery practice in a balance of art and science, a blend of spirituality and evidence-based care, and a commitment to being with women.
The unity of science has been a widely discussed issue both in the philosophy of science and within several sciences. Reductionism has often been seen as the means of bringing the different sciences to a fundamental unity by reference to some basic science, but it shows many limitations. Multidisciplinarity and interdisciplinarity have also been proposed as methodologies for attaining unity without underestimating the diversity of the sciences. This volume starts with a clarification of the possible meanings of this unity and then discusses the features of the mentioned approaches to unity, evaluating the success and the shortcomings of the unification programme among different sciences and within a single science. Contents: The General Framework: What Does ''The Unity of Science'' Mean? (E Agazzi); The Unity of Disunity (J Faye); Sciences of Nature and Sciences of Man: On a Difference between Natural Science and the Interpretive Sciences of Man (F Collin); Natural Sciences and Human Sciences (G M Prosperi); Overcoming Reductionism: Complexity, Reductionism, and the Unity of Science (J Ricard); The Consilience Approach to the Unity of Science (B Kanitscheider); The Unity Within a Single Science: The Problem of Unity in a Single Field of Science (A Cordero); The Unity of Particle Physics and Cosmology? The Case of the Cosmological Constant (J Mosterin); Is Quantum Mechanics a Universal Theory ? (B d''Espagnat); and other papers. Readership: Graduate students and academics in the philosophy of science.
This book provides an introduction to propagator theory. Propagators, or evolution families, are two-parameter analogues of semigroups of operators. Propagators are encountered in analysis, mathematical physics, partial differential equations, and probability theory. They are often used as mathematical models of systems evolving in a changing environment. A unifying theme of the book is the theory of Feynman-Kac propagators associated with time-dependent measures from non-autonomous Kato classes. In applications, a Feynman-Kac propagator describes the evolution of a physical system in the presence of time-dependent absorption and excitation. The book is suitable as an advanced textbook for graduate courses.
Overcoming disabling injuries, Vietnam vet Paul Bernard becomes an award-winning journalist and television newsman known for holding a mirror to American society. Long critical of the radical right, after 9-11 Bernard attacks the Bush administration for Osama bin Laden's escape and leading the nation into a disastrous war. On assignment in Iraq, Bernard is killed under suspicious circumstances. Interwoven with the account of his life is an interview of his mentor, Professor Augustus F.X. Flynn, by a magazine writer profiling him. Frustrated by Washington's inaction, the two set out to find the truth about the killing. In Book Two, Paul Bernard has become an oil expert and a critic of America's Middle East dependency. His experiences as a correspondent in Paris and Moscow are related in this Book, his coverage of the great year 1989 in Europe, the Gulf War. Bernard's move to television news is marked by growing clashes with the radical right, culminating in his controversial stance against the Iraq War and the dramatic final events of the story.
(Book). Guitarist Michael Bloomfield shot to stardom in the '60s with The Paul Butterfield Blues Band, Bob Dylan, The Electric Flag and on Al Kooper's "Super Session." His story is told in the words of his brother, musicians such as B.B. King, producer Paul Rothchild and dozens of others including Bloomfield himself. Features a foreword by Carlos Santana, and audio of unreleased early studio tracks. "(This book) is a look inside the psyche of a musical innovator who deserves a posthumous Nobel Prize and a statue on Rush Street in Chicago. If you love his blues, you'll love this book." Al Kooper
Interest and Capital brings together Michal Kalecki's published fragments on monetary theory and policy to explore his distinctive approach to money and its circulation in the capitalist economy. Toporowski lays out Kalecki's critique of the international monetary arrangements proposed by Keynes and White at Bretton Woods, casting new light on the international monetary imbalances that have since disrupted the international economy. The greater importance of debt management revealed in Kalecki's monetary analysis makes it particularly relevant to the policy dilemmas of developing countries and governments facing high levels of debt in the wake of recent global crises. In Kalecki's theoretical approach, money has both an industrial and a financial circulation. Corporate finance takes its place at the centre of monetary considerations because it is the money of capitalists that is the autonomous determinant of expenditure in the economy. This theory has important implications for the rate of interest, which is not related to the rate of profit, nor to the kind of portfolio adjustments necessary to maintain portfolio equilibrium, but to the kind of financing that may prevail in any given phase of the business cycle.
Statistics for Finance develops students’ professional skills in statistics with applications in finance. Developed from the authors’ courses at the Technical University of Denmark and Lund University, the text bridges the gap between classical, rigorous treatments of financial mathematics that rarely connect concepts to data and books on econometrics and time series analysis that do not cover specific problems related to option valuation. The book discusses applications of financial derivatives pertaining to risk assessment and elimination. The authors cover various statistical and mathematical techniques, including linear and nonlinear time series analysis, stochastic calculus models, stochastic differential equations, Itō’s formula, the Black–Scholes model, the generalized method-of-moments, and the Kalman filter. They explain how these tools are used to price financial derivatives, identify interest rate models, value bonds, estimate parameters, and much more. This textbook will help students understand and manage empirical research in financial engineering. It includes examples of how the statistical tools can be used to improve value-at-risk calculations and other issues. In addition, end-of-chapter exercises develop students’ financial reasoning skills.
This book systematically discusses the development of autonomous driving, describing the related history, technological advances, infrastructure, social impacts, international competition, China’s opportunities and challenges, and possible future scenarios. This popular science book uses straightforward language and includes quotes from ancient Chinese poems to enhance the reading experience. The discussions are supplemented by theoretical elaborations, presented in tables and figures. The book is intended for auto fans, upper undergraduate and graduate students in the field of automotive engineering.
Despite slow progress in use, mediation continues to consolidate its presence in dispute resolution. This important book argues that a more favourable socio-legal climate must be created for mediation to thrive, and accordingly analyses the legal, cultural, social, systemic and spatial aspects of the use of mediation in the legal practice of the different countries of the European Union (EU). Based on a spatiotemporal analysis and models of mediation in the EU, it pinpoints the social and cultural reasons for the fragmentation of its legal regulation and shows what paths are available to promote the effective implementation of mediation in social practice. It is the first book to capture the socio-legal context of mediation. A spatiotemporal analysis of the extent of use of mediation in a region as large and at the same time as diverse as the EU has never been carried out before. Using various methodological and conceptual approaches to analyse the legal and social aspects of introducing mediation to legal systems, the authors – all with long-term experience in the exercise and research of mediation directly in the field – provide invaluable insights into such facets of the use of mediation as the following: the social context that raises the need for mediation; obstacles to the wider use of mediation in resolving disputes between parties; the effects of social influences reflected in legislation that shape the laws of each country; the basic models that make up the system of access to mediation in specific EU Member States; the role of law as a tool for social change and its reflection in the legal regulation of mediation; and perspectives for further development of mediation in the EU. The legislative efforts proposed to enhance the regulation of mediation in EU countries are based on modern knowledge of law, sociology and psychology. As a unique combination of exploration of the theoretical determinants of mediation and an empirical study of the extent of its use in the European area, this book’s fundamental contribution to the legal theory and practice of mediation is inarguable. Its analysis of mediation from three perspectives – as a means of improving citizens’ access to justice, as a means of applying social justice in society, and as a means of restorative justice – are of the utmost value in today’s global society. For users of mediation, EU institutions involved in mediation, EU Member State authorities addressing the issue of mediation, and the wider dispute resolution community worldwide, the book will be welcomed for the giant steps it takes toward refining arguments for the promotion of mediation and its development, in theory, research and practice.
This book describes the first comprehensive approach to the optimization of interconnect architectures in 3D systems on chips (SoCs), specially addressing the challenges and opportunities arising from heterogeneous integration. Readers learn about the physical implications of using heterogeneous 3D technologies for SoC integration, while also learning to maximize the 3D-technology gains, through a physical-effect-aware architecture design. The book provides a deep theoretical background covering all abstraction-levels needed to research and architect tomorrow’s 3D-integrated circuits, an extensive set of optimization methods (for power, performance, area, and yield), as well as an open-source optimization and simulation framework for fast exploration of novel designs.
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