The papers collected in this volume are those presented at the fifteenth Colloquium arranged by the Societe Universitaire Europeenne de Recherches Financieres (SUERF), which took place in Nice in October 1989. The Society is supported by a large number of central banks and commercial banks, by other financial and business institutions and by personal subs criptions from academics and others interested in monetary and financial problems. Since its establishment in 1963, it has developed as a forum for the exchange of information, r esearch results and ideas among academics and practitioners in these fields, including central bank officials and civil servants responsible for formulating and applying monetary and financial policies, national and international. A major activity of SUERF is to organise and conduct Colloquia on subjects of topical interest to its members. The titles, places and dates of previous Colloquia for which volumes of the collected papers were published are noted on the last page of this volume. Volumes were not produced for Colloquia held at Tarragona, Spain in October 1970 under the title 'Monetary Policy and New Developments in Banking' and at Strasbourg, France in January 1972 under the title 'Aspects of European Monetary Union'."

Three major challenges confront European policymakers and financial systems; (1) to preserve and strengthen policy coordination between the countries participating and the European Monetary System; (2) to design the future structure of the Economic and Monetary Union; (3) to implement constructive economic and financial responses to the major economic and political reform in Eastern Europe. The purpose of this book is to present a comprehensive analysis of these challenges, focusing on the relationships between fiscal policies on the one hand and financial systems on the other. The basis for the work is formed by the discussions, which took place at the 16th Colloquium of the SocietA(c) Universitaire EuropA(c)enne de Recherches FinanciA]res (SUERF). Private savings and the taxation of income from capital, imbalances in public sector budgets and their impact on financial systems, international resource transfers and the respective roles of governments and private capital flows, and the policy mix in the transition to Economic and Monetary Union are central themes of the book. This collection of papers, authored by members of the university, private financial sector and national and international policymaking communities, is of central importance to policymakers, bankers, financial executives, and academics.

This book covers the latest approaches and results from reconfigurable computing architectures employed in the finance domain. So-called field-programmable gate arrays (FPGAs) have already shown to outperform standard CPU- and GPU-based computing architectures by far, saving up to 99% of energy depending on the compute tasks. Renowned authors from financial mathematics, computer architecture and finance business introduce the readers into today's challenges in finance IT, illustrate the most advanced approaches and use cases and present currently known methodologies for integrating FPGAs in finance systems together with latest results. The complete algorithm-to-hardware flow is covered holistically, so this book serves as a hands-on guide for IT managers, researchers and quants/programmers who think about integrating FPGAs into their current IT systems.

This book provides an interdisciplinary perspective on one of the most fascinating and important open questions in science: What is quantum mechanics talking about? Quantum theory is perhaps our best confirmed physical theory. However, despite its great empirical effectiveness and the subsequent technological developments that it gave rise to in the 20th century, from the interpretation of the periodic table of elements to CD players, holograms and quantum state teleportation, it stands even today without a universally accepted interpretation. The novelty of the book comes from the multiple viewpoints and subjects investigated by a group of researchers from Europe and North and South America.

This book provides an interdisciplinary approach to one of the most fascinating and important open questions in science: What is quantum mechanics really talking about? In the last decades quantum mechanics has given rise to a new quantum technological era, a revolution taking place today especially within the field of quantum information processing; which goes from quantum teleportation and cryptography to quantum computation. Quantum theory is probably our best confirmed physical theory. However, in spite of its great empirical effectiveness it stands today still without a universally accepted physical representation that allows us to understand its relation to the world and reality.The novelty of the book comes from the multiple perspectives put forward by top researchers in quantum mechanics, from Europe as well as North and South America, discussing the meaning and structure of the theory of quanta. The book comprises in a balanced manner physical, philosophical, logical and mathematical approaches to quantum mechanics and quantum information. Going from quantum superpositions and entanglement to dynamics and the problem of identity; from quantum logic, computation and quasi-set theory to the category approach and teleportation; from realism and empiricism to operationalism and instrumentalism; the book considers from different angles some of the most intriguing questions in the field.From Buenos Aires to Brussels and Cagliari, from Florence to Florianopolis, the interaction between different groups is reflected in the many different articles. This book is interesting not only to the specialists but also to the general public attempting to get a grasp on some of the most fundamental questions of present quantum physics.

This book provides a new original perspective on one of the most fascinating and important open questions in science: What is quantum mechanics talking about? Quantum theory is perhaps our best confirmed physical theory. However, in spite of its great empirical effectiveness and the subsequent technological developments that it gave rise to in the 20th century, from the interpretation of the periodic table of elements to CD players, holograms and quantum state teleportation, it stands even today without a universally accepted interpretation. The novelty of the book comes from the multiple viewpoints and the original angles taken by a group of young researchers from Europe and South America who gathered for several years under the auspices of the Center Leo Apostel.Each member of the group presented ideas concerning the interpretation of quantum mechanics. We had discussions ranging from the philosophical underpinnings of local realism and holism, information and decision theoretic approaches to quantum theory all the way to the many worlds interpretation. Strikingly, in much the same way as different - and indeed incompatible observations are needed to fully describe the physical state of affairs in quantum mechanics - the various interpretations of the theory also seem to shed viable, but not necessarily compatible, perspectives on different aspects of the same grand framework. The discussions that followed were both technical and lively, but perhaps their most remarkable quality was the absence of rigid points of view that unfortunately seems to paralyze so much of the discussion in this area. This book is an expression which can be interesting not only to the specialists but also for the general public attempting to get a grasp on one of the still most fundamental questions of present physics.

Why, in the last decades of the twentieth century, did industralized nations witness recurring vast public deficits, even in times of peaceful international relations and economic growth? The essays in Politics, Institutions, and Fiscal Policy chart answers sought by economists, political scientists, and government officials. This groundbreaking book looks at states within five industrialized federations Canadian provinces, Swiss cantons, Belgian regions, German lander, and American states as case studies of variation in budget balances since 1980. The work s conclusion compares deficit levels between the federations studied. Politics, Institutions, and Fiscal Policy sheds new light on the role of such factors as spending and taxation levels and electoral and partisan cycles within the budget balancing process. Neatly written and theoretically grounded, this volume contributes greatly to our understanding of public finance and public administration."

Our Cosmic Origins tells the story of our remarkable adventure on this planet, beginning with a single event in the depths of space. It traces the rich and wonderful history of the Universe, from the Big Bang to the creation of atoms and molecules, from the formation of stars and planets to the emergence of life on Earth. Delsemme brings together cosmology, astronomy, geology, biochemistry, and biology to create a unique look at the complex story of the Universe. He chronicles how the first light atoms were made and formed stars and how heavier atoms were cooked in stars and scattered in space, creating dust mrains and organic molecules. He examines the growing eomplexity of plant and animal life, including the emergence and extinction of dinosaurs. Our Cosmic Origins shows how the coupling of eye and brain led to self-awareness and intelligence. It explores the cosmic coincidences that might explain our existence and concludes with the tantalizing suggestion that intelligent alien life is likely. This provocative book will appeal to anyone who has ever looked at the sky and wondered how we got here. Originally published in French, this edition has been revised to include the most recent research in astronomy and cosmology. Armand Delsemme has published four books and over 230 scientific papers. He received a Sigma Xi award for outstanding research and has had, by order of the International Astronomical Union, an asteroid named after him.

The International Criminal Court emerged in the early twenty-first century as an ambitious and permanent institution with a mandate to address mass atrocity crimes such as genocide and crimes against humanity. Although designed to exercise jurisdiction only in instances where states do not pursue these crimes themselves (and are unwilling or unable to do so), the Court's interventions, particularly in African states, have raised questions about the social value of its work and its political dimensions and effects. Bringing together scholars and practitioners who specialise on the ICC, this collection offers a diverse account of its interventions: from investigations to trials and from the Court's Hague-based centre to the networks of actors who sustain its activities. Exploring connections with transitional justice and international relations, and drawing upon critical insights from the interpretive social sciences, it offers a novel perspective on the ICC's work. This title is also available as Open Access.

This book covers the latest approaches and results from reconfigurable computing architectures employed in the finance domain. So-called field-programmable gate arrays (FPGAs) have already shown to outperform standard CPU- and GPU-based computing architectures by far, saving up to 99% of energy depending on the compute tasks. Renowned authors from financial mathematics, computer architecture and finance business introduce the readers into today's challenges in finance IT, illustrate the most advanced approaches and use cases and present currently known methodologies for integrating FPGAs in finance systems together with latest results. The complete algorithm-to-hardware flow is covered holistically, so this book serves as a hands-on guide for IT managers, researchers and quants/programmers who think about integrating FPGAs into their current IT systems.

Three major challenges confront European policymakers and financial systems; (1) to preserve and strengthen policy coordination between the countries participating and the European Monetary System; (2) to design the future structure of the Economic and Monetary Union; (3) to implement constructive economic and financial responses to the major economic and political reform in Eastern Europe. The purpose of this book is to present a comprehensive analysis of these challenges, focusing on the relationships between fiscal policies on the one hand and financial systems on the other. The basis for the work is formed by the discussions, which took place at the 16th Colloquium of the Societe Universitaire Europeenne de Recherches Financieres (SUERF). Private savings and the taxation of income from capital, imbalances in public sector budgets and their impact on financial systems, international resource transfers and the respective roles of governments and private capital flows, and the policy mix in the transition to Economic and Monetary Union are central themes of the book. This collection of papers, authored by members of the university, private financial sector and national and international policymaking communities, is of central importance to policymakers, bankers, financial executives, and academics. "

The papers collected in this volume are those presented at the fifteenth Colloquium arranged by the Societe Universitaire Europeenne de Recherches Financieres (SUERF), which took place in Nice in October 1989. The Society is supported by a large number of central banks and commercial banks, by other financial and business institutions and by personal subs criptions from academics and others interested in monetary and financial problems. Since its establishment in 1963, it has developed as a forum for the exchange of information, r~esearch results and ideas among academics and practitioners in these fields, including central bank officials and civil servants responsible for formulating and applying monetary and financial policies, national and international. A major activity of SUERF is to organise and conduct Colloquia on subjects of topical interest to its members. The titles, places and dates of previous Colloquia for which volumes of the collected papers were published are noted on the last page of this volume. Volumes were not produced for Colloquia held at Tarragona, Spain in October 1970 under the title 'Monetary Policy and New Developments in Banking' and at Strasbourg, France in January 1972 under the title 'Aspects of European Monetary Union'.

Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate change? This provocative book argues that these are the wrong sorts of questions to ask because they don't take into account the policies that have already been implemented. Instead, it urges us to concentrate on existing policies and tools by showing how the development of carbon markets could dramatically reduce world greenhouse gas (GHG) emissions, triggering policies to build a new low-carbon energy system while restructuring the way agriculture interacts with forests. This provides an innovative new perspective on how a post-Kyoto international climate regime could emerge from agreements between the main GHG emitters capping their emissions and building an international carbon market.

This book constitutes the refereed proceedings of the First International Conference on Web Reasoning and Rule Systems, RR 2007, held in Innsbruck, Austria in June 2007 as a merger of the three previously separate events: International Workshop on Principles and Practice of Semantic Web Reasoning (PPSWR), the International Conference on Rules and Rule Markup Languages for the Semantic Web (RuleML), and the International Workshop on Reasoning on the Web (RoW).

The 14 revised full papers, 15 revised short papers presented together with 7 poster papers were carefully reviewed and selected from over 60 submissions. The papers address all current topics in Web reasoning and rule systems such as acquisition of rules and ontologies by knowledge extraction, design and analysis of reasoning languages, implemented tools and systems, standardization, ontology usability, ontology languages and their relationships, rules and ontologies, reasoning with uncertainty, reasoning with constraints, rule languages and systems, semantic Web services modeling and applications.

This is an authoritative book published in collaboration with Christie's, featuring photographs of the BergeSaint Laurent collection in situ, complete with estimated value information and final auction prices. In February 2009, 733 pieces from Pierre Berge and Yves Saint Laurent's art collection - one of the largest private collections in the world- was auctioned off in a record-breaking sale of the century. Modern paintings, baroque bronzes, antique silverware and statues, cameos, and minerals comprise this diverse collection that furnished Berges and Saint Laurent's two luxurious residences in the 6th arrondissement in Paris, and included major works by Picasso, Brancusi, Matisse, and Mondrian, in addition to furniture by the Art Deco masters Eileen Gray and Jean Dunand. Many works sold for prices far above the highest estimates, making this the most important European auction to date. The five-volume catalog published by Christie's for the event sold out before the end of the auction, leaving collectors and art connoisseurs the world over empty-handed. Flammarion presents a new volume featuring photographs of this fabulous collection in situ in Berges and Saint Laurent's two Parisian residences and highlights one hundred of the most important pieces with detailed commentaries by Christie's experts. An introduction by Christie's vice president Francois de Ricqles revisits the intense three-day auction at the Grand Palais that set a new standard in the history of the art market. An illustrated appendix includes images of the works sold, accompanied by their estimated values and final auction prices. This visually stunning and informative volume is a must-have for art lovers and serious collectors. Publication coincides with the auction of the BergeSaint Laurent collection at Chateau Gabriel in October 2009.

Many believe economic growth is incompatible with ecological preservation. Green Capital challenges this argument by shifting our focus away from the scarcity of raw materials and toward the deterioration of the great natural regulatory functions (such as the climate system, the water cycle, and biodiversity). Although we can find substitutes for scarce natural resources, we cannot replace a natural regulatory system, which is incredibly complex. It is therefore critical that we introduce a new price into the economy that measures the costs of damage to these regulatory functions. This change in perspective justifies such innovations as the carbon tax, which addresses not the scarcity of carbon but the inability of the atmosphere to absorb large amounts of carbon without upsetting the climate system. Brokering a sustainable peace between ecology and the economy, Green Capital describes a range of valuation schemes and their contribution to the goals of green capitalism, proposing a new approach to natural resources that benefits both businesses and the environment.

In just a half century, humanity has made an astounding leap in its understanding of life. Now, one of the giants of biological science, Christian de Duve, discusses what we've learned in this half century, ranging from the tiniest cells to the future of our species and of life itself. An extraordinarily wise and humane volume, it will fascinate readers curious about the world around them and about the impact of science on philosophy and religion.

Climate - Chaos - Trump - Brexit - Terror: the apocalypse looms large in the Zeitgeist. Could and should this not provide the fulcrum for renewing the imaginative range of organization studies? In this volume, we bring together scholars who have taken Roberto Bolano's visionary novel 2666 as a starting point for reflections, provocations, and challenges to established imaginaries. How can we cultivate and develop our attention to the violent organization of the world without reproducing more violence? Contributors to this edited volume take on this challenge as they seek to break through the various blind spots in the discipline of management and organization studies. Bolano's work opens up hidden and fantastic dimensions in organization and provides alternative spaces and associations for new and bold organizational thinking. Variously disturbing, self-destructive, and abyssal, these essays reflect "that something that terrifies us all" as Bolano wrote, "that something that cows and spurs us on". We call this something Organization 2666.

The European Union's Emissions Trading Scheme (EU ETS) is the world's largest market for carbon and the most significant multinational initiative ever taken to mobilize markets to protect the environment. It will be an important influence on the development and implementation of trading schemes in the US, Japan, and elsewhere. However, as is true of any pioneering public policy experiment, this scheme has generated much controversy. Pricing Carbon provides the first detailed description and analysis of the EU ETS, focusing on the first 'trial' period of the scheme (2005-7). Written by an international team of experts, it allows readers to get behind the headlines and come to a better understanding of what was done and what happened based on a dispassionate, empirically based review of the evidence. This book should be read by anyone who wants to know what happens when emissions are capped, traded, and priced.

This book deals with the interplay between identities, codes, stereotypes and politics governing the various constructions and deconstructions of gender in several Western and non-Western societies (Germany, Italy, Serbia, Romania, Cameroon, Indonesia, Vietnam, and others). Readers are invited to discover the realm of gender studies and to reflect upon the transformative potentialities of globalisation and interculturality.

Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate change? This provocative book argues that these are the wrong sorts of questions to ask because they don't take into account the policies that have already been implemented. Instead, it urges us to concentrate on existing policies and tools by showing how the development of carbon markets could dramatically reduce world greenhouse gas (GHG) emissions, triggering policies to build a new low-carbon energy system while restructuring the way agriculture interacts with forests. This provides an innovative new perspective on how a post-Kyoto international climate regime could emerge from agreements between the main GHG emitters capping their emissions and building an international carbon market.