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Modelling German Covered Bonds
Manuela Spangler deals with the default risk modelling of German covered bonds (Pfandbriefe). Existing credit risk models are not suitable for this purpose as they only consider the creditworthiness of the issuer while product-specific features are not taken into account. The author develops a multi-period simulation-based Pfandbrief model which adequately accounts for the product’s most important characteristics and risks. The model provides a flexible framework for structural analyses and can be easily extended for tailor-made investigations. While the focus of the work is on the specification of the model itself, simulation results from an exemplary model calibration are also discussed. About the Author Manuela Spangler works as a quantitative risk analyst for a large asset management company and holds a PhD in mathematics from the University of Augsburg. Prior to her current position, she worked as a risk manager and financial engineer in the banking and insurance sector for various years.
Speak: A Short History of Languages
This book is a history of human speech from prehistory to the present. It charts the rise of some languages and the fall of others, explaining why some survive and others die. It shows how languages change their sounds and meanings, and how the history of languages is closely linked to the history of peoples. Writing in a lively, readable style, distinguished Swedish scholar Tore Janson makes no assumptions about previous knowledge. He takes the reader on a voyage of exploration through the changing patterns of the world's languages, from ancient China to ancient Egypt, imperial Rome to imperial Britain, Sappho's Lesbos to contemporary Africa. He discovers the links between the histories of societies and their languages; he shows how language evolved from primitive calls; he considers the question of whether one language can be more advanced than another. The author describes the history of writing and looks at the impact of changing technology. He ends by assessing the prospects for English world domination and predicting the languages of the distant future. Five historical maps illustrate this fascinating history of our defining characteristic and most valuable asset.
The Pennsylvania-German Society: 1914
Includes proceedings, addresses and annual reports.
Language Death
CONTRIBUTIONS TO THE SOCIOLOGY OF LANGUAGE brings to students, researchers and practitioners in all of the social and language-related sciences carefully selected book-length publications dealing with sociolinguistic theory, methods, findings and applications. It approaches the study of language in society in its broadest sense, as a truly international and interdisciplinary field in which various approaches, theoretical and empirical, supplement and complement each other. The series invites the attention of linguists, language teachers of all interests, sociologists, political scientists, anthropologists, historians etc. to the development of the sociology of language.
Narrative is the Essence of History
The historical novel has had a very interesting history itself. During the 19th century the historical novels of Scott, Hugo, Thackeray, Dickens, Tolstoy and a host of other writers enjoyed both popular success and critical admiration. Success has never really died out, but admiration has been another matter. During the 20th century, historical fiction began to be disparaged by critics who looked down on the genre and its elements of romance, adventure and swashbuckling. This disparagement reached such a pitch that Robert Graves, author of I, Claudius and Claudius the God, felt compelled to say that he wrote these novels only because of pressing financial needs. As the century wore on, the genre began to move in a variety of interesting ways and reached even larger audiences. Some critics have continued to look down on the genre, but a growing number of historical novels have begun to receive wide critical praise. The Roman historian Ronald Syme once wrote that narrative is the essence of history. What is the essence of historical fiction? Why does it continue to be such a popular and resilient genre? What is the history of historical fiction? What is its future?
Faith Along the Volga
Hamburg, 1764: Christoph and Maria are struggling to survive after Christoph's return from the seven-year war. Religious persecution, endless wars, and economic hardship have taken a toll on them. Could emigration to Russia under Catherine the Great's plan be the answer? Merkel, 1871: Daniel's great-grandparents immigrated in the hope of a better life. They were promised land to farm, freedom of religion, and exemption from military service. How much longer will this be the case?
