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]

La personalidad y la obra de Gonzalo Fernández de Oviedo y Valdés (1478-1557), reputado cronista y genealogista, de vocación novelista, pionero científico naturista y aprendiz de poeta, han sufrido diversos vaivenes historiográficos que, al menos en opinión de quien suscribe, le han privado en la actualidad del reconocimiento que se merece. Ferná…[Read more]

Desde el pionero trabajo de Glaser sobre el contenido antisemita de la literatura española de los siglos XV y XVI, que continuaba la abierta por las teorías de Américo Castro al respecto, la comunidad académica ha dedicado parte de sus esfuerzos a incrementar el conocimiento de temas y obras relacionadas de alguna u otra forma con lo que, sig…[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.

Aunque fuese únicamente por haber albergado en su seno los primeros
pasos de Juan Luis Vives, viventem perpetuo en la alabanza de Decio (citado
por Rico, El sueño del humanismo 182), el Reino de Valencia merecería un
lugar de primer orden no sólo en la historia del humanismo hispano, sino
en la del europeo. En términos socioculturales, esta…[Read more]

Uno de los tópicos más habitualmente manejados alrededor de la figura del joven Fernando II de Aragón es la ausencia de una educación esmerada en el campo de las artes y las letras, la habitual en su época, junto a las inherentes lecciones militares, para todos los miembros del estamento regio. Se puede hablar de Lucio Marineo Sículo, el conoc…[Read more]

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]

In 2022 the Wollondilly Shire Local Planning Panel approved the demolition and reconstruction of the Menangle Community Hall. The Menangle Community Association originally lodged the Development Application with Wollondilly Shire Council in July 2021. The Menangle Community Association originally is managing the Menangle School of Arts project.…[Read more]

De todas las divisiones mediante las que Hernando del Castillo organizó su cancionero, la de Obras de burlas provocantes a risa es una de las más peculiares por varios motivos que sería largo describir. Dejaremos conscientemente al margen todas las aportaciones que tienen que ver con el papel de esta sección en el diseño de la tipología canci…[Read more]

The Cathars became a major movement, while having some influence in the Rhineland, Northern Italy and Northern France the movement was strongest in southern France (especially the Languedoc region) and northern Italy. By the 12th century the Cathar popular movement had gained a substantial following in urbanized southern France.
The dualistic…[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]

A pesar de que ya el clásico de Cicerón sobre la amistad enfatizaba cuántos daño podría producirse al considerarla “como compañera de los vicios” en vez de “ayudante de las virtudes”, en realidad el concepto medieval de las malas amistades, dejando al margen el significado de ‘amistad’ como ‘tratado’ o ‘confederación’, se explica mejor en términ…[Read more]

The Four Primary Drives: The Need for Meaning, the Need to Belong, the Need for Ideology, and the Spiritual Drive
Religious beliefs are primarily created and generated by four very basic and fundamental “Needs” or “Drives.” From a rather practical and pragmatic approach, in general, religions could be said to involve meaning or purpose, others…[Read more]

George Barton, PhD: “Disaster and sorrow compel either a soul or a nation to seek anew the foundations of life. Times of sorrow are accordingly times of religious growth. The Babylonian exile was no exception. Indeed, the influence of this exile upon the religion of Israel was enormous. This was in part due to the fact that the exile was the e…[Read more]

Eighteenth-century Spanish music experienced a golden age thanks, especially, to the proliferation of centers such as the chapels, which articulated and structured the musical life of our cities: the main sound activity was centered on ecclesiastical music, both liturgical and paraliturgical, with which religious festivities were solemnized.…[Read more]

Geertz, perhaps the most influential of the anthropologists, contends that symbolism and meaning are central to religion: “The view of man as a symbolizing, conceptualizing, meaning-seeking animal, which has become increasingly popular both in the social sciences and in philosophy over the past several years, opens up a whole new approach not o…[Read more]

Uno de los muchos manuscritos de la Crónica de Enrique IV de Enríquez
del Castillo,1 en concreto el que hoy reposa en la Biblioteca de El Escorial
(X.II.15), se abre con unos curiosos versos seguramente redactados por el
anónimo amanuense autor de esta copia, fechada en la primera mitad del
siglo XVI.2 El poemita, que creo es inédito (algo lóg…[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]