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A timely guide to understanding and implementing credit derivatives Credit derivatives are here to stay and will continue to play a role in finance in the future. But what will that role be? What issues and challenges should be addressed? And what lessons can be learned from the credit mess? Credit Risk Frontiers offers answers to these and other questions by presenting the latest research in this field and addressing important issues exposed by the financial crisis. It covers this subject from a real world perspective, tackling issues such as liquidity, poor data, and credit spreads, as well as the latest innovations in portfolio products and hedging and risk management techniques. Provides a coherent presentation of recent advances in the theory and practice of credit derivatives Takes into account the new products and risk requirements of a post financial crisis world Contains information regarding various aspects of the credit derivative market as well as cutting edge research regarding those aspects If you want to gain a better understanding of how credit derivatives can help your trading or investing endeavors, then Credit Risk Frontiers is a book you need to read.
This volume contains the proceedings of the Conference on Hopf Algebras and Tensor Categories, held July 4-8, 2011, at the University of Almeria, Almeria, Spain. The articles in this volume cover a wide variety of topics related to the theory of Hopf algebras and its connections to other areas of mathematics. In particular, this volume contains a survey covering aspects of the classification of fusion categories using Morita equivalence methods, a long comprehensive introduction to Hopf algebras in the category of species, and a summary of the status to date of the classification of Hopf algebras of dimensions up to 100. Among other topics discussed in this volume are a study of normalized class sum and generalized character table for semisimple Hopf algebras, a contribution to the classification program of finite dimensional pointed Hopf algebras, relations to the conjecture of De Concini, Kac, and Procesi on representations of quantum groups at roots of unity, a categorical approach to the Drinfeld double of a braided Hopf algebra via Hopf monads, an overview of Hom-Hopf algebras, and several discussions on the crossed product construction in different settings.
This book is dedicated to the structure and combinatorics of classical Hopf algebras. Its main focus is on commutative and cocommutative Hopf algebras, such as algebras of representative functions on groups and enveloping algebras of Lie algebras, as explored in the works of Borel, Cartier, Hopf and others in the 1940s and 50s. The modern and systematic treatment uses the approach of natural operations, illuminating the structure of Hopf algebras by means of their endomorphisms and their combinatorics. Emphasizing notions such as pseudo-coproducts, characteristic endomorphisms, descent algebras and Lie idempotents, the text also covers the important case of enveloping algebras of pre-Lie algebras. A wide range of applications are surveyed, highlighting the main ideas and fundamental results. Suitable as a textbook for masters or doctoral level programs, this book will be of interest to algebraists and anyone working in one of the fields of application of Hopf algebras.
This book is based on the mini-workshop Renormalization, held in December 2006, and the conference Combinatorics and Physics, held in March 2007. Both meetings took place at the Max-Planck-Institut fur Mathematik in Bonn, Germany. Research papers in the volume provide an overview of applications of combinatorics to various problems, such as applications to Hopf algebras, techniques to renormalization problems in quantum field theory, as well as combinatorial problems appearing in the context of the numerical integration of dynamical systems, in noncommutative geometry and in quantum gravity. In addition, it contains several introductory notes on renormalization Hopf algebras, Wilsonian renormalization and motives.
« Voici un livre d’un intérêt et d’une importance extraordinaires. Ce n’est pas la première fois que les graves problèmes moraux qui se posent dans le monde globalisé sont abordés et traités. Mais ce que nous propose ici Philippe Kourilsky, ce n’est ni plus ni moins qu’une approche inédite de ces questions centrales dans le monde d’aujourd’hui. Un livre magnifique. » Amartya SenPhilippe Kourilsky, biologiste et immunologiste, directeur général honoraire de l’Institut Pasteur, conseiller de l’Institut Veolia Environnement, est professeur au Collège de France et membre de l’Académie des sciences.
This book includes contributions about mathematics, physics, philosophy of science, economics and finance and resulted from the Summer School “Complexity and Emergence: Ideas, Methods, with a Special Attention to Economics and Finance” held in Lake Como School of Advanced Studies, on 22–27 July 2018. The aim of the book is to provide useful instruments from the theory of complex systems, both on the theoretical level and the methodological ones, profiting from knowledge and insights from leading experts of different communities. It moves from the volume editors' conviction that to achieve progress in understanding socio-economical as well as ecological problems of our complex word such...
This book is the outcome of research initiatives formed during the special ``Research Trimester on Multiple Zeta Values, Multiple Polylogarithms, and Quantum Field Theory'' at the ICMAT (Instituto de Ciencias Matemáticas, Madrid) in 2014. The activity was aimed at understanding and deepening recent developments where Feynman and string amplitudes on the one hand, and periods and multiple zeta values on the other, have been at the heart of lively and fruitful interactions between theoretical physics and number theory over the past few decades. In this book, the reader will find research papers as well as survey articles, including open problems, on the interface between number theory, quantu...
This edited collection casts light on central issues within contemporary philosophy of mathematics such as the realism/anti-realism dispute; the relationship between logic and metaphysics; and the question of whether mathematics is a science of objects or structures. The discussions offered in the papers involve an in-depth investigation of, among other things, the notions of mathematical truth, proof, and grounding; and, often, a special emphasis is placed on considerations relating to mathematical practice. A distinguishing feature of the book is the multicultural nature of the community that has produced it. Philosophers, logicians, and mathematicians have all contributed high-quality articles which will prove valuable to researchers and students alike.
The third edition updates the text in two significant ways. First, it updates the presentation to reflect changes that have occurred in financial markets since the publication of the 2nd edition. One such change is with respect to the over-the-counter interest rate derivatives markets and the abolishment of LIBOR as a reference rate. Second, it updates the theory to reflect new research related to asset price bubbles and the valuation of options. Asset price bubbles are a reality in financial markets and their impact on derivative pricing is essential to understand. This is the only introductory textbook that contains these insights on asset price bubbles and options.
Vertex operator algebras were introduced to mathematics in the work of Richard Borcherds, Igor Frenkel, James Lepowsky and Arne Meurman as a mathematically rigorous formulation of chiral algebras of two-dimensional conformal field theory. The aim was to use vertex operator algebras to explain and prove the remarkable Monstrous Moonshine conjectures in group theory. The theory of vertex operator algebras has now grown into a major research area in mathematics. These proceedings contain expository lectures and research papers presented during the international conference on Vertex Operator Algebras and Related Areas, held at Illinois State University in Normal, IL, from July 7 to July 11, 2008...