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In this book, two of America's leading economists provide the first integrated treatment of the conceptual, practical, and empirical foundations for credit risk pricing and risk measurement. Masterfully applying theory to practice, Darrell Duffie and Kenneth Singleton model credit risk for the purpose of measuring portfolio risk and pricing defaultable bonds, credit derivatives, and other securities exposed to credit risk. The methodological rigor, scope, and sophistication of their state-of-the-art account is unparalleled, and its singularly in-depth treatment of pricing and credit derivatives further illuminates a problem that has drawn much attention in an era when financial institutions ...
The idea of writing this bookarosein 2000when the ?rst author wasassigned to teach the required course STATS 240 (Statistical Methods in Finance) in the new M. S. program in ?nancial mathematics at Stanford, which is an interdisciplinary program that aims to provide a master’s-level education in applied mathematics, statistics, computing, ?nance, and economics. Students in the programhad di?erent backgroundsin statistics. Some had only taken a basic course in statistical inference, while others had taken a broad spectrum of M. S. - and Ph. D. -level statistics courses. On the other hand, all of them had already taken required core courses in investment theory and derivative pricing, and ST...
This publication presents the results of a 2-year effort to update environmental assessment in the People's Republic of China (PRC). The research was a collaborative effort involving the Asian Development Bank (ADB), the Ministry of Environmental Protection, the National Development and Reform Commission, and numerous other technical and research institutions in the PRC. Based on this research and extensive consultations, ADB proposes a wide range of programs and policies that will help improve environmental quality despite new and emerging sources of pollution and challenges to natural resources management. Inclusive growth and a green economy are the government's guiding principles for its development agenda under the 12th Five-Year Plan and beyond to 2020. To support these principles, the PRC needs to restructure its economic and fiscal systems to reflect environmental externality, expand the use of market-based instruments to control pollution, and introduce and implement legal reforms to clarify responsibility and promote cooperation.
While group IV or III-V based device technologies have reached their technical limitations (e.g., limited detection wavelength range or low power handling capability), wide bandgap (WBG) semiconductors which have band-gaps greater than 3 eV have gained significant attention in recent years as a key semiconductor material in high-performance optoelectronic and electronic devices. These WBG semiconductors have two definitive advantages for optoelectronic and electronic applications due to their large bandgap energy. WBG energy is suitable to absorb or emit ultraviolet (UV) light in optoelectronic devices. It also provides a higher electric breakdown field, which allows electronic devices to possess higher breakdown voltages. This Special Issue seeks research papers, short communications, and review articles that focus on novel synthesis, processing, designs, fabrication, and modeling of various WBG semiconductor power electronics and optoelectronic devices.
This book gathers the proceedings of the 9th International Symposium on Coal Combustion, held in Qingdao, China in July 2019. It provides the latest research results on techniques for pulverized coal combustion and fluidized bed combustion, low-carbon energy and emission controls, and industrial applications. Highlighting research areas that are of great importance in promoting collaboration between related subjects and the technical development of coal-related fields, the book offers a valuable reference guide for researchers and engineers alike.
This book constitutes Part II of the refereed four-volume post-conference proceedings of the 4th IFIP TC 12 International Conference on Computer and Computing Technologies in Agriculture, CCTA 2010, held in Nanchang, China, in October 2010. The 352 revised papers presented were carefully selected from numerous submissions. They cover a wide range of interesting theories and applications of information technology in agriculture, including simulation models and decision-support systems for agricultural production, agricultural product quality testing, traceability and e-commerce technology, the application of information and communication technology in agriculture, and universal information service technology and service systems development in rural areas.
Nanotechnology has the power to radically change the way cancer is diagnosed, imaged, and treated. The holistic approach to cancer involves noninvasive procedures that emphasize restoring the health of human energy fields. Presenting a wealth of information and research about the most potent cancer healing therapies, this forward-thinking book expl
The History of Glaucoma, the latest in the Hirschberg series of the history of ophthalmology, covers the twists, turns, and paradigm-shifts in the glaucoma concept over the past two millennia. Previously, scholars were not able to agree on how the term glaucoma, which related in antiquity to the color of a diseased eye, ended up describing an excavated optic neuropathy which has nothing to do with color. The volume begins in the ancient world, and proceeds all the way to the modern era of optical coherence tomography, minimally invasive surgery, and anti-VEGF agents. Ophthalmic historians and glaucoma specialists from the United States, Europe, Asia, and Latin America have contributed their ...
The Asian Development Bank hosted the Asia-Pacific Rural Development and Food Security Forum 2022 to prompt governments to provide leadership to rethink the future of agriculture amid complex and evolving challenges; explore new research, innovations, and technologies to build nature-positive food systems; and forge partnerships and collaboration to mobilize financing for innovation, research, and business for food and nutrition security. This publication provides the forum’s key highlights and takeaways on sustainable, resilient, and inclusive food systems, financing for sustainable agriculture and natural capital, nutrition security, and the rural–urban divide, and offers recommendations for moving forward.