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.

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.

This book examines the evolution of Spanish foreign policy since 1975, through five different presidencies, spanning its transformation from a dictatorial political system and backward economy to a modern European state, fully democratic and with a well-functioning market economy, under strain from the Eurozone Sovereign Debt crisis. It explains how domestic developments and external factors have combined to shape Spain's international relations, assessing the impact of EU membership and providing an example of how middle powers can pursue their foreign policy objectives in the international system. The authors explore a range of topics including: Defence and security Economy and development Soft power Spanish policy towards the EU, the United States, Latin America, the Mediterranean, Sub-Saharan Africa and Asia. This book will be of interest to students and scholars of Spanish politics and history, European Union studies, foreign policy, international relations and security studies.

This book examines the evolution of Spanish foreign policy since 1975, through five different presidencies, spanning its transformation from a dictatorial political system and backward economy to a modern European state, fully democratic and with a well-functioning market economy, under strain from the Eurozone Sovereign Debt crisis. It explains how domestic developments and external factors have combined to shape Spain's international relations, assessing the impact of EU membership and providing an example of how middle powers can pursue their foreign policy objectives in the international system. The authors explore a range of topics including: Defence and security Economy and development Soft power Spanish policy towards the EU, the United States, Latin America, the Mediterranean, Sub-Saharan Africa and Asia. This book will be of interest to students and scholars of Spanish politics and history, European Union studies, foreign policy, international relations and security studies.

Arsenio Rodr\u00edguez was one of the most important Cuban musicians of the twentieth century. In this first scholarly study, ethnomusicologist David F. Garc\u00eda examines Rodr\u00edguez's life, including the conjunto musical combo he led and the highly influential son montuno style of music he created in the 1940s. Garc\u00eda recounts Rodr\u00edguez's battle for recognition at the height of \u0022mambo mania\u0022 in New York City and the significance of his music in the development of salsa. With firsthand accounts from relatives and fellow musicians, Arsenio Rodr\u00edguez and the Transnational Flows of Latin Popular Music follows Rodr\u00edguez's fortunes on several continents, speculating on why he never enjoyed wide commercial success despite the importance of his music. Garc\u00eda focuses on the roles that race, identity, and politics played in shaping Rodr\u00edguez's music and the trajectory of his musical career. His transnational perspective has important implications for Latin American and popular music studies.

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.

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.

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.

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 ...

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...

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