Search results for "Financial engineering"
showing 6 items of 6 documents
El futuro del derecho como lucha contra la idolatría tecnológica
2019
The main challenge that Law will have to face in the near future is the defense of human being against the uncontrolled power of technology in different spheres: ecology versus the becoming of a new geological age: the Anthropocene; the finances, versus speculation and taxes fraud; biolaw, versus the transhumanist challenge; the rights to privacy and no manipulation versus GAF( Google, Amazon, Facebook). El reto principal al que debera hacer frente el derecho en el futuro es la defensa del ser humano frente al poder incontrolado de la tecnologia en diferentes campos: la ecologia, frente a la aparicion de una nueva era geologica: el Antropoceno; las finanzas, frente a la especulacion y el fr…
Where Did the Money Go? Endogenous Money Creation for International Fraudulent Purposes - The Case of the 2015 Moldovan Banking Scandal
2015
On Monday 4 May 2015, the speaker of Parliament of the Republic of Moldova published the Kroll report on his Internet blog after thousands of people rallied on Sunday 3 May in the capital, Chisinau, to protest against endemic corruption in the country, and demand recovery of the missing billions in the Ilan Shor group scandal. The Kroll report aims at investigating the apparent theft of nearly one-fifth of the country's annual GDP. In a spectacular lender-of-last resort move, the Moldovan central bank was forced to issue some 16 billion lei ($870 million) in emergency loans to keep the economy afloat. The Kroll report focuses on three commercial banks that account for a third of the country…
Stochastic debt sustainability analysis for sovereigns and the scope for optimization modeling
2017
We argue that sovereign debt sustainability analysis must be augmented by stochastic correlated risk factors and a risk measure to capture tail effects. Crisis situations can thus be adequately specified and analyzed with sufficient accuracy to warrant the relevance of policy decisions. In this context there is significant scope for optimization modeling for both strategic planning and operational management. We discuss diverse aspects of the problem of debt sustainability and highlight modeling approaches that can be brought to bear on the problem. Results with the fictitious, but nor unrealistic, Kingdom of Atlantis, which is sinking under excessive debt, illustrate the proposed models.
Multiobjective optimization and decision making in engineering sciences
2021
AbstractReal-world decision making problems in various fields including engineering sciences are becoming ever more challenging to address. The consideration of various competing criteria related to, for example, business, technical, workforce, safety and environmental aspects increases the complexity of decision making and leads to problems that feature multiple competing criteria. A key challenge in such problems is the identification of the most preferred trade-off solution(s) with respect to the competing criteria. Therefore, the effective combination of data, skills, and advanced engineering and management technologies is becoming a key asset to a company urging the need to rethink how…
Energy analysis of the buildings stocks. Scaling from national to regional and urban contexts
A Projected Algebraic Multigrid Method for Linear Complementarity Problems
2011
We present an algebraic version of an iterative multigrid method for obstacle problems, called projected algebraic multigrid (PAMG) here. We show that classical AMG algorithms can easily be extended to deal with this kind of problem. This paves the way for efficient multigrid solution of obstacle problems with partial differential equations arising, for example, in financial engineering.