The structure of a Binary Return Note is similar to the one of a regular note, but the coupons are
contingent on return rates on stocks. Quasi-Monte Carlo simulation is used for pricing the product.

Akira Kurosawa’s 1963 police procedural is, as its title suggests, intensely interested in the socioeconomic valences of spatial relationships, literalized in Yokohama’s affluent hills and its low-lying slums. The central conflict between inhabitants of these two spaces articulates this local topography into a global framework, in which con…[Read more]

We present a pricing model for fade option. A fade option can be more precisely named as “point-barrier option”. The fade option is a vanilla option that exists or dies if a barrier is breached on a single preset date, which is prior or equal to the contract maturity.

This article explores the consequences of the environmental transformations of the Laurentian Valley on the timber trade uniting the Province of Canada and the industrialization of Great Britain during the nineteenth century. The notion of ghost acres used to describe the ecological footprint of resource consumption from abroad is extended to…[Read more]

This essay shares the author’s ideas, alluding to depth psychology, philosophy, and comparative culture, particularly East-West differences in the basic worldviews people can have, such as I-Thou, Us vs. Them or We-They, I-Nature or I-Universe, with Asian people tending to live more collectively in a social reality. The essay includes Zen insights…[Read more]