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Empire and Communications Philip and Alexander had established a Macedonian Empire which controlled the Persian Empire as well as territory as far east as India. Innis suggests Rome would inherit the problems that faced Philip and Alexander including strong separatist tendencies. After Alexander's death, four separate ...
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Empire and Communications " Innis quotes the epic poet Apollonius's claim that "a great book was a great evil." Cheap papyrus also facilitated the rise of an extensive administrative system eventually rife with nepotism and other forms of bureaucratic corruption. "An Egyptian theocratic state," Innis notes, "compelled ...
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Empire and Communications " Most of the books, however, were "third-hand compendia of snippets and textbooks, short cuts to knowledge, quantities of tragedies, and an active comedy of manners in Athens. Literary men wrote books about other books and became bibliophiles." Innis reports that by the 2nd century "everythin...
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Empire and Communications They include the introduction of Greek tragedies and comedies at Roman festivals to satisfy the demands of soldiers who had served in Greek settlements as well as the translation of the "Odyssey" into Latin. Innis mentions there was strong opposition to this spread of Greek culture. He reports...
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Empire and Communications The Gracchi brothers were among the first, Innis writes, "to use the weapon of Greek rhetoric" in their failed attempts to secure democratic reforms. Gaius Gracchus made Latin prose more vivid and powerful. Innis adds that political speeches such as his "were given wider publicity through an e...
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Empire and Communications "Rome became dependent on the army, territorial expansion, and law at the expense of trade and an international economy." Innis notes that Rome attempted to increase its imperial prestige by founding libraries. And, with the discovery of cement about 180 BC, the Romans constructed magnificent ...
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Empire and Communications " Innis contends the Eastern or Byzantine Empire survived after the fall of Rome because it struck a balance between time and space-biased media. "The Byzantine empire developed on the basis of a compromise between organization reflecting the bias of different media: that of papyrus in the dev...
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Empire and Communications Innis writes that monasticism originated in Egypt and spread rapidly partly in protest against Caesaropapism or the worldly domination of the early Christian church by emperors. He credits St. Benedict with adapting monasticism to the needs of the Western church. The Rule of St. Benedict requi...
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Empire and Communications Innis writes that this proscription of images was designed to strengthen the empire partly by curbing the power of monks, who relied on images to sanction their authority. Monasteries, he notes, had amassed large properties through their exemption from taxation and competed with the state for ...
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Empire and Communications "Mass production and standardization are the enemies of the West," he warned. "The limitations of mechanization of the printed and the spoken word must be emphasized and determined efforts to recapture the vitality of the oral tradition must be made." Innis notes that the expense of producing ...
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Empire and Communications The printed word gained authority over the written one. Innis quotes historian W.E.H. Lecky: "The age of cathedrals had passed. The age of the printing press had begun." Innis notes that Luther "took full advantage of an established book trade and large numbers of the New and later the Old Tes...
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Export restriction Export restrictions, or a restriction on exportation, are limitations on the quantity of goods exported to a specific country or countries by a Government. Export restrictions could be aimed at achieving diverse policy objectives such as environmental protection, economic welfare, social wellbeing, c...
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Export restriction Within Environmental protection sector, export restrictions could cause market failure. For example, if a country puts export restriction on exporting minerals, natural resources, or wood stuff, it could cause market distortion that could also affect the distribution of welfare. Due to this, other co...
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Export restriction Welfare impact of export restrictions Restriction in export causes welfare loss in the national and international levels but the impact of these restrictions differs according to the elasticity of demand and supply of the exported goods and the kind of export restriction measures applied. These welfa...
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Export restriction The Department of State has the responsibility of overseeing export of defense and military-related articles as per the International Traffic in Arms Regulations or ITAR.
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International Fisher effect The international Fisher effect (sometimes referred to as Fisher's open hypothesis) is a hypothesis in international finance that suggests differences in nominal interest rates reflect expected changes in the spot exchange rate between countries. The hypothesis specifically states that a spo...
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International Fisher effect This relationship tells us that the rate of change in the exchange rate between two countries is approximately equal to the difference in those countries' interest rates. Combining the international Fisher effect with uncovered interest rate parity yields the following equation: where Combin...
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Gross regional product (GRP) is a monetary measure of the market value of all final goods and services produced in a region or subdivision of a country in a period (quarterly or yearly) of time. A metropolitan area's GRP (gross metropolitan product, GMP), is one of several measures of the size of its economy.
https://en.wikipedia.org/wiki?curid=7149856
Schedule 13G is an alternative SEC filing for the Schedule 13D which can be filed in lieu of Schedule 13D by anyone who acquires more than 5% ownership of a Section 13 security and qualifies for one of the exemptions available to the Schedule 13D filing requirement. The filing is a shorter version of the Schedule 13D w...
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Form F-6 is used in the United States to register financial depository shares represented by American depositary receipts (ADRs) issued by a depositary against the deposit of the securities of a foreign issuer. These are essentially shares of a foreign company traded on U.S. exchanges; however, the price/liquidity is n...
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Ringgit Operations Monitoring System (ROMS) is a large-value FX transaction reporting system owned and operated by Bank Negara Malaysia (BNM), the central bank of Malaysia. It automates a major part of compliance reporting between Authorised Dealers (who are licensed FX intermediaries) and Bank Negara Malaysia (BNM). R...
https://en.wikipedia.org/wiki?curid=7159264
Group of Eleven (G11) is a forum, constituted by mostly developing countries aimed at easing their debt burden ("See also: government debt"), narrowing the income gap with rich countries and lifting their people out of poverty. King Abdullah of Jordan first proposed the group in 2005. The group of eleven is a forum, co...
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Group of Eleven The group asked for exploring avenues for enhancing cooperation among member states to shape their future development needs and strategies as well as greater cooperation with international partners for market access, enhanced productive capacities and development of scientific and technological skills a...
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Group of Eleven This would help in reducing the gap between the rich and the poor, create more job opportunities, alleviate poverty and contribute to creating an atmosphere of goodwill, fraternity and understanding among the peoples leading to the cherished objective of prosperity, peace and stability around the globe.
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Global Competitiveness Report The (GCR) is a yearly report published by the World Economic Forum. Since 2004, the "Global Competitiveness Report" ranks countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. Artadi. Before that, the macroeconomic ranks were based on Jeffrey Sa...
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Global Competitiveness Report One part of the report is the Executive Opinion Survey which is a survey of a representative sample of business leaders in their respective countries. Respondent numbers have increased every year and is currently just over 13,500 in 142 countries (2010). The report notes that as a nation d...
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Global Competitiveness Report As wages rise with advancing development, countries move into the efficiency-driven stage of development, when they must begin to develop more efficient production processes and increase product quality. At this point, competitiveness becomes increasingly driven by higher education and tra...
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Global Competitiveness Report The Global Competitiveness Index's annual reports are somewhat similar to the Ease of Doing Business Index and the Indices of Economic Freedom, which also look at factors affecting economic growth (but not as many as the "Global Competitiveness Report"). This is the full ranking of the 201...
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Flexplace (can include telecommuting) refers to a company policy or program that enables employees to have more authority on where they will work regardless of time of day. It can be the result of a formal agreement between the employer and the employee or it can simply entail the fact that a job can be performed in an...
https://en.wikipedia.org/wiki?curid=7192200
Sampie Terreblanche Solomon Johannes "Sampie" Terreblanche (17 April 1933 – 17 February 2018) was a South African academic economist and writer, author of numerous economics books and was most famous for his "History of Inequality in South Africa, 1652–2002". He was Professor emeritus of Economics at Stellenbosch Unive...
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Sampie Terreblanche As a result of this, he quit the National Party, also due to growing doubts and disagreements with its policies of Apartheid and became one of the government's strongest Afrikaans critics. He was a founding member of the Democratic Party (forerunner to the Democratic Alliance) and of the Vrye Weekbl...
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Guy Morel (1933 in Seychelles - 9 November 2006) was a Seychellois accountant, economist and businessman. Morel was an influential figure in the Seychelles Government of the 1970s and 1980s when he was the Principal Secretary of Finance, the Governor of the Central Bank of Seychelles and Chairman of Air Seychelles. He ...
https://en.wikipedia.org/wiki?curid=7203567
Institute of Economic Studies The Institute for Economic Studies - Europe (IES) is a Paris-based non-profit organization created in 1989. IES faculty include Tibor Machan, Douglass Rasmussen, Tom G. Palmer, Joseph Pini, Carlo Lottieri, Stephen Davies, Colin Ganley, Boudewijn Bouckaert, Randy Barnett, and Pierre Garello...
https://en.wikipedia.org/wiki?curid=7205905
Online savings account An online savings account (OSA) is a savings account managed and funded primarily on the Internet. OSAs are often characterized by a higher interest rate or lower fees, compared with traditional savings accounts. Many of these high-yield accounts have no minimum balance. Account holders may link ...
https://en.wikipedia.org/wiki?curid=7209568
Product proliferation occurs when organizations market many variations of the same products. This can be done through different colour combinations, product sizes and different product uses. This produces diversity for the firm as it is able to capture its sizable portion of the market. However, it can also be consider...
https://en.wikipedia.org/wiki?curid=7216047
Organic Trade Association The (OTA) is a membership-based business association that focuses on the organic business community in North America. OTA's mission is to promote ethical consumerism, promoting and protecting the growth of organic trade to benefit the environment, farmers, the public and the economy. OTA is a ...
https://en.wikipedia.org/wiki?curid=7223040
Swayamkrushi (English: "Self Made") is a 1987 Indian Telugu language, drama film written, and directed by K. Viswanath. The film was produced by Edida Nageswara Rao with Chiranjeevi's second performance in a K. Viswanath film; their first collaboration was "Subhalekha". The film also starred Vijayashanti, Sarvadaman D....
https://en.wikipedia.org/wiki?curid=7235995
Swayamkrushi Chinna's biological father Govind (Charan Raj) who is a criminal returns from prison and teams up with Ganga's father (a no-good father, role with villain shades) to make a series of demands on Sambayya and to claim Chinna's guardianship. Eventually, Chinna rebels against his father and both he and Sambayy...
https://en.wikipedia.org/wiki?curid=7235995
French Liberal School The French Liberal School, also called the Optimist School or the Orthodox School, is a 19th-century school of economic thought that was centered on the Collège de France and the Institut de France. The "Journal des Économistes" was instrumental in promulgating the ideas of the school. Key thinker...
https://en.wikipedia.org/wiki?curid=7246445
OMX Nordic 40 The (OMXN40) is a stock market index for the pan-regional (virtual) Nordic Stock Exchange. It is a capitalization-weighted index, created on October 2, 2006, that consists of the 40 most-traded stock classes of shares from the four stock markets operated by the OMX Group in the Nordic countries - Copenhag...
https://en.wikipedia.org/wiki?curid=7252103
Retail floorplan Retail floor planning (also referred to as floorplanning or inventory financing) is a type of short term loan used by retailers to purchase high-cost inventory such as automobiles. These loans are often secured by the inventory purchased as collateral. Floor planning is commonly used in new and used ca...
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Retail floorplan Floor planning (flooring) vehicles is a way to acquire inventory, but it can have negative consequences if payments (curtailments or payoffs) are not made on time. Curtailment schedules vary by floor plan providers, but they generally range from 5–20% of the original loan proceeds on each vehicle every...
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Happiness economics The economics of happiness or happiness economics is the quantitative and theoretical study of happiness, positive and negative affect, well-being, quality of life, life satisfaction and related concepts, typically combining economics with other fields such as psychology, health and sociology. It ty...
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Happiness economics Objective measures such as lifespan, income, and education are often used as well as or instead of subjectively reported happiness, though this assumes that they generally produce happiness, which while plausible may not necessarily be the case. The terms quality of life or well-being are often used...
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Happiness economics Typically national financial measures, such as gross domestic product (GDP) and gross national product (GNP), have been used as a measure of successful policy. There is a significant association between GDP and happiness, with citizens in wealthier nations being happier than those in poorer nations....
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Happiness economics Scholars at the University of Virginia, University of British Columbia and Harvard University released a study in 2011 after examining numerous academic paper in response to an apparent contradiction: "When asked to take stock of their lives, people with more money report being a good deal more sati...
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Happiness economics However, Johan Norberg of CIS, a free enterprise economy think tank, presents a hypothesis that as people who think that they themselves control their lives are more happy, paternalist institutions may decrease happiness. An alternative perspective focuses on the role of the welfare state as an inst...
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Happiness economics When personal preference and the amount of time spent working do not align, both men and women experience a decrease in subjective well-being. The negative effect of working more or working less than preferred has been found across multiple studies, most finding that working more than preferred (ove...
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Happiness economics Those who leave work to become self-employed report greater life satisfaction than those who work for others or become self-employed after unemployment; this effect increases over time. Those who are self-employed and have employees of their own report higher life-satisfaction than those who are sel...
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Happiness economics Glaeser, Gottlieb and Ziv suggest in their conclusion that the happiness trade-offs that individuals seem willing to make aligns with the tendency of parents to report less happiness, as they sacrifice their personal well-being for the "price" of having children. There is a significant correlation b...
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Happiness economics Research has demonstrated a wide variety of contributing and resulting factors in the relationship between leisure and happiness. These include psychological mechanisms, and the types and characteristics of leisure activities that result in the greatest levels of subjective happiness. Specifically, ...
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Happiness economics Countries such as China and Japan may require a different measurement of happiness, as societal differences may influence the concept of happiness (i.e. economic variables, cultural practices, and social networks) beyond what QOL is able to measure. There seem to be some differences in leisure prefe...
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Happiness economics volunteering, socializing, sports and fitness) and passive leisure (e.g. watching television and listening to the radio). Among older adults, passive leisure activities and personal leisure activities (e.g. sleeping, eating, and bathing) correlate with higher levels of SWB and feelings of relaxation...
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Happiness economics Poverty alleviation are associated with happier populations. According to the latest systematic review of the economic literature on life satisfaction: Volatile or high inflation is bad for a population's well-being, particularly those with a right-wing political orientation. That suggests the impac...
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Happiness economics While social status matters, a balance of factors like amenities, safe areas, well maintained housing, turn the tide in favour of the argument that richer neighbours are happier neighbours. "The right to participate in the political process, measured by the extent of direct democratic rights across ...
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Happiness economics So, one cannot assume an infrastructure project will yield welfare benefits. The paper doesn't investigate or elaborate on any modifiable variables that might predict the value of a project. However, government spending on roads and primary industries is the best value target for transport spending,...
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Happiness economics " -Aristotle Thomas Jefferson put the "pursuit of happiness" on the same level as life and liberty in the United States' Declaration of Independence. Jeremy Bentham believed that public policy should attempt to maximize happiness, and he even attempted to estimate a "hedonic calculus". In the United...
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Happiness economics For example, the Genuine Progress Indicator was focused on the environmental cost of economic development, then later (in 2006) it was updated to include similar measures to the GNH Index. Another development index is the Human Development Index (HDI) that originally focused on literacy and educatio...
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Happiness economics 2006 – The Genuine Progress Indicator was updated from a green measurement system to a broader concept that included quantitative measurement of well-being and happiness. The new measure is motivated by the philosophy of the GNH and the same notion of that subjective measures like well-being are mor...
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Happiness economics 2010 – The concept was taken seriously, as the Centre for Bhutan Studies, under the leadership of Karma Ura, developed a sophisticated survey instrument to measure the population's general level of well-being. Two Canadians, Michael and Martha Pennock played a major role in developing the Bhutanese ...
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Happiness economics 2011 – UN General Assembly Resolution 65/309, titled "Happiness: towards a holistic approach to development" 2011 – The Organisation for Economic Co-operation and Development (OECD) launched "Better Life Index" (BLI). 2011 – The United Nations released the World Happiness Report 2011 – Canadian Inde...
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Happiness economics Kennedy School of Government in Harvard University, recommended that "the Congress should prescribe the broad parameters of new, carefully designed supplemental national indicators; it should launch a bipartisan commission of experts to address unresolved methodological issues, and include alternati...
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Happiness economics 2013 – The Social Progress Index SPI was launched by Michael Porter 2013 – The president of Singapore, Tony Tan, proposed that in addition to building up substantial financial reserves, Singapore needed to focus on building up its "social reserves", a concept that appears to have parallels to GNH. 2...
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Happiness economics The presentation entitled "Preliminary Assessment of Quality of Life in Luxembourg" was delivered by Marcin Piekałkiewicz on 16 December 2015. 2017 – The Minderoo Foundation launched the Global Slavery Index, providing a map of the estimated prevalence of modern slavery. The information allows an ob...
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Happiness economics Bhutan's index has led that country to limit the amount of deforestation it will allow and to require that all tourists to its nation must spend US$200 Allegedly, low-budget tourism and deforestation lead to unhappiness. After the military coup of 2006, Thailand also instituted an index. The stated ...
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Happiness economics The CIW has adopted the following working definition of wellbeing: The presence of the highest possible quality of life in its full breadth of expression focused on but not necessarily exclusive to: good living standards, robust health, a sustainable environment, vital communities, an educated popul...
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Happiness economics As a result, some participants at a happiness conference in Rome have suggested that happiness research should not be used as a matter of public policy but rather used to inform individuals. Even on the individual level there is discussion on how much effect external forces can have on happiness. Le...
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Happiness economics With such strong internal forces on happiness it is hard to have an effect on a person's happiness externally. This in turn lends itself back to the idea that establishing a happiness metric is only for political gain and has little other use. To support this even further it is believed that a count...
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Multi-attribute global inference of quality (MAGIQ) is a multi-criteria decision analysis technique. MAGIQ is based on a hierarchical decomposition of comparison attributes and rating assignment using rank order centroids. The MAGIQ technique is used to assign a single, overall measure of quality to each member of a se...
https://en.wikipedia.org/wiki?curid=7257602
Multi-attribute global inference of quality Anecdotal evidence suggests that the MAGIQ technique is both practical and useful.
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Independent goods are goods that have a zero cross elasticity of demand. Changes in the price of one good will have no effect on the demand for an independent good. Thus independent goods are neither complements nor substitutes. For example, a person's demand for nails is usually independent of his or her demand for br...
https://en.wikipedia.org/wiki?curid=7291099
Epstein–Zin preferences In economics, refers to a specification of recursive utility. A recursive utility function can be constructed from two components: a time aggregator that characterizes preferences in the absence of uncertainty and a risk aggregator that defines the certainty equivalent function that characterize...
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Epstein–Zin preferences The parameter restriction formula_14 results in a time-additive von Neumann–Morgenstern expected utility index. Importantly, unlike VNM utility functions (e.g. isoelastic utility), Epstein-Zin preferences allow the elasticity of intertemporal substitution (determined above by formula_15) to be u...
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System sales is a business term used in the franchising industry. Franchisors provide supplies, marketing and administration services to franchisees in return for a part of the franchisees' revenues. Some franchisors also operate some outlets directly. represents the total sales of all outlets that use a brand, or that...
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Economics education or economic education is a field within economics that focuses on two main themes: the current state of, and efforts to improve, the economics curriculum, materials and pedagogical techniques used to teach economics at all educational levels; and research into the effectiveness of alternative instru...
https://en.wikipedia.org/wiki?curid=7339152
Economics education In the United States, organizations whose primary purpose is the advancement of economics education include the Council for Economic Education (CEE) and its network of councils and centers, the Foundation for Teaching Economics and Junior Achievement. The U.S. National Center for Research in Economi...
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Economics education An attempt to create a Western-style Ukrainian journal called the Ukrainian Economic Review a few years ago ended in failure. The lack of publication of Ukrainian scientists in Western economic journals indicates the seriousness of the problem. Journals devoted to the topic of economics education in...
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Language tax The language tax is an economic concept proposed by the Belgian economist Philippe Van Parijs. It is intended to compensate countries with a less widespread language for their expenses for teaching and translation. Van Parijs points out that Jonathan Pool had proposed this kind of taxation in 1991 but crit...
https://en.wikipedia.org/wiki?curid=7343965
Personal service corporation A personal service corporation is a company which, as the name suggests, provides personal services. These services span a wide variety of endeavors in many fields, and are specified for tax purposes in the United States by the Internal Revenue Service (IRS). This type of corporation has so...
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Personal service corporation 3. Its employee-owners own more than 10% of the fair market value of its outstanding stock on the last day of the testing period. Personal services include any activity performed in the fields of accounting, actuarial science, architecture, consulting, engineering, health (including veterin...
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International Standard Industrial Classification The of All Economic Activities (ISIC) is a United Nations industry classification system. Wide use has been made of ISIC in classifying data according to kind of economic activity in the fields of employment and health data. It is maintained by the United Nations Statist...
https://en.wikipedia.org/wiki?curid=7369020
Hotel tax A hotel tax or lodging tax is charged in most of the United States, including California, to travelers when they rent accommodations (a room, rooms, entire home, or other living space) in a hotel, inn, tourist home or house, motel, or other lodging, generally unless the stay is for a period of 30 days or more...
https://en.wikipedia.org/wiki?curid=7391728
Office of Intelligence and Counterintelligence The (OICI), established in 1977, is an office of the United States Department of Energy that focuses on gathering intelligence for the department. It provides information to the Secretary of Energy and senior federal policy makers. As a member of the Intelligence Community...
https://en.wikipedia.org/wiki?curid=7392702
Asset turnover (ATO) or asset turns is a financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover. Companies i...
https://en.wikipedia.org/wiki?curid=7396128
Per capita personal income in the United States The per capita personal income of the United States is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consum...
https://en.wikipedia.org/wiki?curid=7415504
Spot market The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date. In a spot market, settlement normally happens in T+2 working days, i.e., delivery of cash...
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Spot market Examples of energy spot markets for natural gas in Europe are the Title Transfer Facility (TTF) in the Netherlands and the National Balancing Point (NBP) in the United Kingdom.
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Total value of ownership (TVO) or total value of opportunity, is a methodology of measuring and analyzing the business value of IT investments. Gartner Group designed this methodology in 2003. TVO differs from total cost of ownership (TCO) in that TVO considers the benefits of alternative investments. It is a comparati...
https://en.wikipedia.org/wiki?curid=7422715
Co-operative studies The purpose of co-operative education and co-operative studies, according to the ICA's Statement on the Co-operative Identity, is that Co-operative societies "provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the...
https://en.wikipedia.org/wiki?curid=7425423
Gallon (Scots) The Scots gallon was a unit of measurement of liquids that was in use in Scotland from at least 1661 (possibly 15th century) until the mid 19th century. It was approximately three times larger than the Imperial gallon that was adopted in 1824.
https://en.wikipedia.org/wiki?curid=7457217
Robin Neill Robin F. Neill (1931–2014) was a Canadian economic historian who was a longstanding professor at Carleton University in Ottawa then, latterly, at the University of Prince Edward Island. Born in 1931 in Thunder Bay, Ontario, held a B.A. and M.A. in political economy from the University of Toronto and a PhD i...
https://en.wikipedia.org/wiki?curid=7459822
Robin Neill He established himself as a critic of Harold Adams Innis’ staple thesis, which explains Canadian economic development as a lateral, east–west conception of trade. Neill advocated a post-Innisian thesis, explaining the development as an expression of variegated regions (population density, cultural politics,...
https://en.wikipedia.org/wiki?curid=7459822
Directo a México is a program launched in 2005 and operated by the Federal Reserve and Banco de Mexico, the central banks of the United States and Mexico, respectively. The program allows commercial banks and credit unions in the U.S. to transfer money through FedACH, the Federal Reserve's clearinghouse, which is linke...
https://en.wikipedia.org/wiki?curid=7465410
SABR volatility model In mathematical finance, the SABR model is a stochastic volatility model, which attempts to capture the volatility smile in derivatives markets. The name stands for "stochastic alpha, beta, rho", referring to the parameters of the model. The SABR model is widely used by practitioners in the financ...
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SABR volatility model The correlation formula_17 controls the slope of the implied skew and formula_20 controls its curvature. The above dynamics is a stochastic version of the CEV model with the "skewness" parameter formula_20: in fact, it reduces to the CEV model if formula_22 The parameter formula_16 is often referr...
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SABR volatility model Then the implied volatility, which is the value of the lognormal volatility parameter in Black's model that forces it to match the SABR price, is approximately given by: where, for clarity, we have set formula_35. The value formula_36 denotes a conveniently chosen midpoint between formula_8 and fo...
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SABR volatility model An obvious drawback of this approach is the a priori assumption of potential highly negative interest rates via the free boundary. Although the asymptotic solution is very easy to implement, the density implied by the approximation is not always arbitrage-free, especially not for very low strikes ...
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SABR volatility model Taylor-based simulation schemes are typically considered, like Euler–Maruyama or Milstein. Recently, novel methods have been proposed for the "almost exact" Monte Carlo simulation of the SABR model.. Extensive studies for SABR model have recently been considered in Cui et al . For the normal SABR ...
https://en.wikipedia.org/wiki?curid=7469547
Des Moore is an Australian economist and political commentator. After graduating in law from the University of Melbourne, Australia, and in economics from the London School of Economics, he worked for 28 years in the Commonwealth Treasury. He was deputy secretary of the Federal Treasury until 1987. From 1987 to 1996 he...
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Berlin procedure The (BV) is a mathematical procedure for time series decomposition and seasonal adjustment of monthly and quarterly economic time series. The mathematical foundations of the procedure were developed in 1960's at the Technical University of Berlin and the German Institute for Economic Research (DIW). Th...
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