We present a model for pricing a credit derivative product where party A has sold default put protection on a Euro denominated bond. Specifically, upon bond issuer default, party A must pay to party B a notional amount of 10 million USD (excluding accrued interest). In exchange, party B must pay a fixed rate to party A, on a quarterly basis,…[Read more]

This dissertation explores metamodernism in contemporary culture, focusing on its manifestation in literature and its intersections with vaporwave and the music of Radiohead. It considers the novel Taipei by Tao Lin as a representation of metamodern sensibility, analysing its portrayal of a human subjectivity navigating a world shaped by…[Read more]

We present a valuation model for pricing a gold derivatives trade. The trade can be structured to synthesize a typical gold-miner’s hedge, specifically, a swap in which one party receives long-term interest rates and pays a blend of short-term interest rates and short-term gold lease rates.

We present a model for pricing a path-dependent, equity-linked payoff. Here a bounded price return is calculated from an underlying index at certain pre-specified dates. The total return at maturity is given by the sum of the bounded price returns above, but where a specified number of the highest of these returns are set to a cap value.

A model is presented for pricing an American call option on stock. The option tenor is n years, and its strike price is increased every anniversary. It has also the following feature: if the stock price stays in excess of 200% of the current strike price during 10 consecutive trading days. The seller can issue a notice to the buyer that one half…[Read more]

This introduction to the MLO special issue “Minoritised Languages and Travel” provides an overview of the pieces in this collection in context with historical travel accounts in German about nineteenth-century Wales.

The contributions in this collection lay bare frictions between traveller and travelee as well as the inherent instability of soc…[Read more]

This introduction to the MLO special issue “Minoritised Languages and Travel” provides an overview of the pieces in this collection in context with historical travel accounts in German about nineteenth-century Wales.

The contributions in this collection lay bare frictions between traveller and travelee as well as the inherent instability of soc…[Read more]

1. Motivation: Spiritual beliefs as a Drive or Motivation.
When you talk to “spiritual people” – spiritual beliefs are not just a motivation but a very profound source of inspiration and a powerful drive. In contrast spirituality as a motivation is conspicuously absent from much of academia proper. Beginning in 2017, I did substantial research.…[Read more]

Three consecutive patriarchs of Esoteric Buddhism were Amoghavajra of India, Huiguo of China, and Kūkai of Japan. This paper foregrounds the usually taken-for-granted but vital historical role of language education and translation in the international spread of religion and culture. There had to be sufficiently educated bilingual or multilingual…[Read more]

The focus of this study is on the influence of urban ‘woods’ on people’s quality of life in disadvantaged neighbourhoods investigated via the lens of architecture in a Sub-Saharan metropolis. The new intra-Covid Urban Agenda acknowledges that current urban and state-wide resilience management plans, policies, and practices of neighbourhood are…[Read more]

Einstein observed, “Try and penetrate with our limited means the secrets of nature and you will find that, behind all the discernible laws and connections, there remains something subtle, intangible and inexplicable. Veneration of this force beyond anything that we can comprehend is my religion. To that extent I am, in fact, religious.” As the p…[Read more]

‘There is no truth, only perception of truth’, and that perception too changes with time. Lysistrata is one such text where this difference of perception prevails. Written by Aristophanes in 411 BCE, Lysistrata is one of the eleven Old Greek Comedy plays surviving out of forty-two. The play revolves around the Peleponnesian war, when women hav…[Read more]