Malliavin Calculus in Finance: Theory and Practice aims to introduce the study of stochastic volatility (SV) models via Malliavin Calculus. Malliavin calculus has had a profound impact on stochastic analysis. Originally motivated by the study of the existence of smooth densities of certain random variables, it has proved to be a useful tool in many other problems. In particular, it has found applications in quantitative finance, as in the computation of hedging strategies or the efficient estimation of the Greeks. The objective of this book is to offer a bridge between theory and practice. It shows that Malliavin calculus is an easy-to-apply tool that allows us to recover, unify, and generalize several previous results in the literature on stochastic volatility modeling related to the vanilla, the forward, and the VIX implied volatility surfaces. It can be applied to local, stochastic, and also to rough volatilities (driven by a fractional Brownian motion) leading to simple and explicit results. Features Intermediate-advanced level text on quantitative finance, oriented to practitioners with a basic background in stochastic analysis, which could also be useful for researchers and students in quantitative finance Includes examples on concrete models such as the Heston, the SABR and rough volatilities, as well as several numerical experiments and the corresponding Python scripts Covers applications on vanillas, forward start options, and options on the VIX. The book also has a Github repository with the Python library corresponding to the numerical examples in the text. The library has been implemented so that the users can re-use the numerical code for building their examples. The repository can be accessed here: https://bit.ly/2KNex2Y.

NATO and the Greater Maghreb offers a distinctive focus and study of NATO's future policy in North Africa and the Sahel after the new 2022 Strategic Concept, expected to be published during the next NATO Summit in Madrid. The book will use three main axes to frame the contributors' analysis, which are not usually used together for analyzing NATO policy: Geopolitics, Great Power Competition, and Threats. These lenses create a distinctive approach to reviewing a Greater Mahgreb Regional Security Complex confronted with the necessities of a distinctive approach by NATO. The idea of MENA (Middle East and North Africa), still used by the EU and NATO is already obsolete for several reasons: first, it is no more possible to split West Africa geopolitically from North Africa and Sahel. Second, the action of terrorist groups such as Al Qaida in the Islamic Maghreb, ISIS, and Boko Haram are not related to Middle East problems, nor strategies and policies necessaries to tackle them. Second, the difficulties in cooperation between these countries, the corruption fed by organized crime (above all cocaine trafficking) and the impact of desertization, makes it very difficult to establish sound strategies and policies for the area. Third, there is an increasing presence of Great Powers in the area, including Russia and China, Turkey, and some Gulf states with different goals and policies.

Malliavin Calculus in Finance: Theory and Practice aims to introduce the study of stochastic volatility (SV) models via Malliavin Calculus. Malliavin calculus has had a profound impact on stochastic analysis. Originally motivated by the study of the existence of smooth densities of certain random variables, it has proved to be a useful tool in many other problems. In particular, it has found applications in quantitative finance, as in the computation of hedging strategies or the efficient estimation of the Greeks. The objective of this book is to offer a bridge between theory and practice. It shows that Malliavin calculus is an easy-to-apply tool that allows us to recover, unify, and generalize several previous results in the literature on stochastic volatility modeling related to the vanilla, the forward, and the VIX implied volatility surfaces. It can be applied to local, stochastic, and also to rough volatilities (driven by a fractional Brownian motion) leading to simple and explicit results. Features Intermediate-advanced level text on quantitative finance, oriented to practitioners with a basic background in stochastic analysis, which could also be useful for researchers and students in quantitative finance Includes examples on concrete models such as the Heston, the SABR and rough volatilities, as well as several numerical experiments and the corresponding Python scripts Covers applications on vanillas, forward start options, and options on the VIX. The book also has a Github repository with the Python library corresponding to the numerical examples in the text. The library has been implemented so that the users can re-use the numerical code for building their examples. The repository can be accessed here: https://bit.ly/2KNex2Y.

Cipriano Frederico Vigil is the most important performer of traditional Nuevomexicano folk music in the late twentieth and early twenty-first centuries. This bilingual panoramic book presents the songs that are his life's work, spanning half a century of listening, playing, composing, and singing ritual, social, and dance music.

New Mexican Folk Music includes much traditional material that has never been seen before or studied by scholars or students. Renowned as a composer, Vigil works in traditional genres such as the romance, the decima, the cuando, and corrido. Like the Mexican group Los Folkloristas with which he apprenticed in the late 1970s, his goal has been to research and master local styles, to introduce new listeners to traditional music, and to build on tradition by creating new compositions that address contemporary social themes.

An audio CD accompanies this comprehensive study on the work and music of Cipriano Frederico Vigil."

This book represents a different approach in the study of the Sahel region in North Africa. Due to the hybrid security threats sweeping across the area, the whole region becomes a new security complex different from Middle East and more related to Western and Central Africa developments, including the impact of drug-trafficking coming from Latin America. This book discusses how the Transnational Organized Crime-Terrorism Nexus has created a very different dynamics from Middle East’s, hitting hard to people, societies and states there. The contributors argue that the countries in the area and the European Union should recognize this new complex and respond properly and differently to this situation.

This open access book represents a comprehensive review of available land-use cover data and techniques to validate and analyze this type of spatial information. The book provides the basic theory needed to understand the progress of LUCC mapping/modeling validation practice. It makes accessible to any interested user most of the research community's methods and techniques to validate LUC maps and models. Besides, this book is enriched with practical exercises to be applied with QGIS. The book includes a description of relevant global and supra-national LUC datasets currently available. Finally, the book provides the user with all the information required to manage and download these datasets.

The United Nations High Commissioner for Refugees (UNHCR) recently announced that the number of displaced persons caused by wars and conflicts, estimated at more than 65 million, has reached the highest level ever recorded. This book explores the reality by examining some significant population displacements and/or deportations caused by armed conflict. Throughout human history people not directly involved in wars have endured its consequences death, famine, destruction, illness, pillage, rape, robbery. These effects of war have become more globalized, resulting in migration in search of a better place to live or to find safety and security. Migration represents an indisputable reality found in every time and culture since prehistoric times until today, seen recently in the Mediterranean, Africa, and Asia. Armed conflict brings with it population displacement: refugees fleeing the dangers of war, dislodgement by invaders or regime change, population migration with expansionist purposes. These phenomena have not been adequately studied from a historical perspective. Cast in the mold of war and society studies, this book, endorsed by the Spanish Association of Military History, works to fulfill a historiographic need, covering twelve relevant dislodgments caused by wars in Antiquity, the Middle Ages, Modern and Contemporary History, and the present.

The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Financial Stability Oversight Council to submit a report to Congress regarding the implementation of prompt corrective action (PCA) by the Federal banking agencies. This book discusses the existing PCA framework and the findings and recommendations of the Government Accountability Office study. It also highlights lessons learned from the financial crisis and outlines actions taken that could affect PCA, as well as additional steps to modify the PCA framework that could be considered.

Who Killed The Rowboat Man? Leisure times on the famous California Delta come to sudden halt for two young lovers at the sight of a dead body in a small cove alongside the San Joaquin. With some of their boating friends, they set out to ascertain whether it was an accident or murder that did the poor fellow in. During their search for answers they accidentally stumble onto a multitude of criminal activities running roughshod throughout the area. In what started out as an intriguing adventure, they quickly become targets of cutthroats and hit men as the vicious crime boss responsible for all this illegality learns of their interference and sends his henchmen out to quiet their ways. Armed with nothing but small boats and flare guns, the young, amateur detectives have no alternative but to outrun, outwit and out maneuver the killers in big boats with big guns as they fight for their very lives. Overcome with rage, the antagonists ram, sink and destroy each other and their boats during a never ending series of death-dealing confrontations that roar throughout the winding waterways of the startled river. To maintain the secrecy of their homicidal reign of kidnapping, torture, rape and murder, the criminals pursue their prey all the way across this otherwise pristine paradise right into the waiting arms of an action-packed finale. But now, let us go back and see how all this got started in the first place...

Bubbly Doo pals, Max and Petey, bob merrily inside the safety of their pop bottles, missing the adventures of the bold beautiful world outside, until one serendipiddy-doo moment ...

Complete collection of The Eclectic magazine.