Search results for "interest"
showing 10 items of 624 documents
Robust Recovery Risk Hedging: Only the First Moment Matters
2009
Credit derivatives are subject to at least two sources of risk: the default time and the recovery payment. This paper examines the impact of modeling the recovery payment on hedging strategies in a reduced-form model as well as a structural model. We show that all hedging approaches based on a quadratic criterion do only depend on the expected recovery payment at default and not the whole shape of the recovery payment distribution if the underlying hedging instrument (say, a defaultable zero coupon bond) jumps to or reaches a pre-specified value when the credit event occurs. This justifies assuming a \emph{certain} recovery rate conditional on default time and interest rate level. Hence, th…
Le Potenzialità del Trust come Veicolo Istituzionale Prescelto per Responsabilizzare il Terzo Settore nel Recupero e nella Valorizzazione del Patrimo…
2019
Italian Abstract: In Italia, la tutela del patrimonio culturale e sempre stata demandata principalmente allo Stato o, piu in generale, al settore pubblico, soprattutto alla luce della naturale vocazione degli attori pubblici a perseguire interessi generali. Tuttavia, oggigiorno tale “automatismo burocratico” e stato messo in discussione da due macro-trends in atto: da un lato la fine del monopolio degli attori pubblici nella cura dell’interesse generale, in ragione dei crescenti vincoli di bilancio; dall’altro, la speculare emersione a livello comunale di iniziative di “cittadini attivi” disposti a farsi carico della tutela di interessi generali e del proposito di recupero e di valorizzazio…
Analyzing varieties of (post-enlargement) Europeanization in CEE advocacy organizations across policy fields
2021
This article aims to explain Europeanization processes among advocacy organizations from four post-communist states—Poland, Hungary, Slovenia, and the Czech Republic—which have been subject to strong Europeanization pressures before and after the European Union accession. The authors aim to identify how Central and Eastern European organized interests have adapted their organizational logics to a changing environment in the post-enlargement phase. Specifically, we address the following questions: How do various levels and dimensions of Europeanization of interest organizations differ across policy fields and countries and what determines this diversity? What are the strongest predictors of …
Teacher ability evaluation and changes in elementary student profiles of motivation and performance in mathematics
2018
Abstract The aim of this person-centered study is to identify the profiles of interest value, self-concept, and performance in the domain of mathematics among elementary school students and to examine the stability and changes in these profiles from grade 1 to grade 2. Teacher-reported evaluations of students' mathematical ability and gender were examined as predictors of changes in the student profiles. The sample consisted of 237 students (46.8% girls). The latent profile analysis identified four profiles: 1) low levels of interest value, medium levels of self-concept and performance; 2) low levels of interest value, self-concept and performance; 3) high levels of interest value, self-con…
The main reforms of the Spanish financial system
2012
This chapter aims to explore how the main legislation affecting the Spanish financial system evolved over the course of the 20th century. In terms of legislative developments, four main periods can be distinguished: the period from the early legislation in 1856 up until 1920; from 1920 through to the Civil War in 1936; Francoism from 1939 to 1975; and, finally, the phase of deregulation between 1975 and 2000. After a short introduction, we will examine below the first three of these four phases in chronological order.
Gestación por sustitución: Desafíos jurídicos y éticos
2018
El desarrollo de las FIV, y en especial de la gestación por sustitución, los intereses y dignidad del menor y de la madre gestante se ven gravemente afectados y ponen de relieve las dificultades y desafíos a los que se enfrenta hoy el Derecho
«The best interests of the child»: un’analisi giurisprudenziale comparata per un approfondimento concettuale
La vera innovazione apportata dalla Convenzione ONU diritti dell’infanzia del 1989 è, senz’altro, costituita dall’introduzione del concetto di “best interests of the child”. L’articolo 3 della CRC, infatti, sancisce espressamente che: «In all actions concerning children, whether undertaken by public or private social welfare institutions, courts of law, administrative authorities or legislative bodies, the best interests of the child shall be a primary consideration». Ma in cosa consiste realmente questo "interesse superiore del minore"? A chi spetta indicarne il contenuto? E soprattutto quali sono i parametri di riferimento da tenere in considerazione nel valutarlo? Nell’arco di pochi anni…
Tecniche di regolazione del mercato agro-industriale e diritto comune
2018
The paper deals with the latest measures adopted by the European Union in order to protect the financial interests of the Union’ s budget and to prevent any irregularities or non compliance with obligations committed by beneficiaries of payments: particular reference is made to Reg..1306/2013 and Reg.1308/2013. The paper focuses on measures involving both public and private law. Such as the cross-compliance system based on the principle that the full payment to beneficiaries of some supports under the Cap should be linked to compliance with rules concerning land management , agricultural production and agricultural activity; and the duty to use, in the agrifood chain contracts, formalised w…
New Evidence of the Real Interest Rate Parity for OECD Countries Using Panel Unit Root Tests with Breaks
2006
This paper tests for real interest parity (RIRP) among the nineteen major OECD countries over the period 1978:Q2-1998:Q4. The econometric methods applied consist of combining the use of several unit root or stationarity tests designed for panels valid under cross-section dependence and presence of multiple structural breaks. Our results strongly support the fulfillment of the weak version of the RIRP for the studied period once dependence and structural breaks are accounted for.
Exploring Postgraduate Socioeconomics Programs in Spanish-Speaking Countries
2019
Resumen En los últimos años las actividades sin fines de lucro han sido promovidas como un mecanismo alternativo para el desarrollo en el contexto de la situación económica mundial. Sin embargo, a pesar de sus potencialidades, esas actividades continúan siendo relativamente poco expandidas y requieren de ampliar los conocimientos sobre ellas. En este sentido la universidad puede convertirse en un generador y transmisor de saberes sobre el tema de economía social. Por esta razón, se plantea desarrollar un análisis de la oferta de programas de posgrado en Economía Social en las instituciones de educación superior latinoamericanas y españolas. El artículo presenta el proceso y los resultados d…