3,473 research outputs found
On the cost of delayed currency fixing announcements
No full textIn Foreign Exchange Markets vanilla and barrier options are traded frequently. The market standard is a cutoff time of 10:00 a.m. in New York for the strike of vanillas and a knock-out event based on a continuously observed barrier in the inter bank market. However, many clients, particularly from Italy, prefer the cutoff and knock-out event to be based on the fixing published by the European Central Bank on the Reuters Page ECB37. These barrier options are called discretely monitored barrier options. While these options can be priced in several models by various techniques, the ECB source of the fixing causes two problems. First of all, it is not tradable, and secondly it is published with a delay of about 10 - 20 minutes. We examine here the effect of these problems on the hedge of those options and consequently suggest a cost based on the additional uncertainty encountered. --exotic options,currency fixings
Test der semantischen Äquivalenz von Translatoren am Beispiel von CoJaC
No full textChristian Becker, Uwe Kaiser pro et con Innovative Informatikanwendungen GmbH, Dittesstraße 15, 09126 Chemnitz [email protected],[email protected]
Anwendungs- und Vollzugspraxis von Milieuschutzsatzungen: empirische Erkenntnisse und praktische Handlungsempfehlungen
No full textAnwendungs- und Vollzugspraxis von Milieuschutzsatzungen : empir. Erkenntnisse u. prakt. Handlungsempfehlungen / Wolfgang Becker ; Uwe Huchler. - In: Der Städtetag. N.F. 51. 1998. S. 437-44
Becker, Uwe: Die Inklusionslüge, Behinderung im flexiblen Kapitalismus. Bielefeld: transcript Verlag 2015. [Rezension]
No full textRezension von: Uwe Becker: Die Inklusionslüge. Behinderung im flexiblen Kapitalismus. Bielefeld: transcript Verlag 2015, 207 S. ISBN 978-3-8376-3056-
Die Milieuschutzsatzung nach § 172 Abs. 1 Satz 1 Nr. 2 BauGB, Probleme und Erfahrungen ihrer Anwendung insbesondere mit Blick auf die Wohnungsmarktpolitik
No full textDie Milieuschutzsatzung nach § 172 Abs. 1 Satz 1 Nr. 2 BauGB : Probleme u. Erfahrungen ihrer Anwendung insbes. mit Blick auf d. Wohnungsmarktpolitik / Wolfgang Becker ; Uwe Huchler. - Bonn, 1996. - 142 S. - (Schriftenreihe des Bundesministeriums für Raumordnung, Bauwesen und Städtebau
The Network of Innovators in Jena: An Application of Social Network Analysis
No full textWe apply social network analysis methods to describe the evolution of the innovator network of Jena, Germany in the period from 1995 to 2001. We find this evolution to be directed towards an increasing focus on core competencies of the local innovation system. Further we analyze the network resulting from R&D cooperations and explain - by means of network regression techniques - that the job mobility of scientists and the technological overlap between the actors, rather than past cooperations, can best predict the resulting structure. We also observe an increasing importance of the university while the former "Kombinate" begin to lose their prominent role.Innovator Networks, Network Regression, Local Innovation Systems, R+D Cooperation, Research University
Changes in the distribution of pre-government and post-government income in Germany 1973 - 1993 : paper presented at the Conference on the Personal Distribution of Income in an International Perspective at the Hanse Institute for Advanced Study in Delmenhorst
No full textTo sum up our findings we come to the following statements. - During the period from 1973 to 1993 inequality of the personal distribution of equivalent pre-government income increased to some extent, as was to be expected given the enormous rise in unemployment. - Inequality of post-government income also increased slightly, but was much lower than inequality of pre-government income due to the equalizing effect of the German tax and transfer system. - In 1993 inequality of pre-government income was higher, and inequality of post-government income was considerably lower in East Germany than in West Germany; the West German tax and transfer system that was transferred to East Germany after reunification - with some additional but temporary minimum regulations - seems to have had a stronger equalizing effect in the East than in the West. - A decomposition into three age groups, the young and the middle-aged group sub-divided further according to whether household members were affected by unemployment, showed that within-groups inequality explained by far more of overall inequality than between-groups inequality. - The relative positions of the two young groups as well as of the middle-aged group with unemployed members deteriorated with respect to their equivalent pre-government and post-government incomes. - During the first period with rising unemployment (1973 to 1978), the development of within-groups inequality and of between-groups inequality contributed to about the same extent to the increase of overall inequality of pre-government income. But this was fully compensated by the tax and transfer system as there were only a negligible change in inequality of equivalent net income and very slight effects of the (four) components of change which nearly compensated each other. - During the last period from 1988 to 1993 the equalizing effect of the German tax and transfer system seems to have weakened, at least in the western part of Germany. The increase in inequality of equivalent net income is mainly due to developments of within group inequalities
Book Review: Uwe Becker
No full textThe ‘varieties of capitalism’ literature has become very popular in social sciences, transcending the territory of several disciplinary fields. Indeed, these theoretical frameworks have been especially appealing to scholars from comparative social policy, industrial relations, comparative politics, sociology and even business studies. Some of the themes that this literature has touched upon include the direction of institutional change across countries and the prospect of convergence to a single model of capitalism; the institutional components that contribute to countries’ high performance in the global economy; and how different countries respond to pressures and changes stemming from large-scale processes such as globalization and the ascendance of neo-liberalism. This book offers a critical survey of the literature and a theoretical contribution by elaborating on a new typology of capitalism. The author joins the group of scholars who criticized earlier typologies for being static and unable to account for change. Becker instead conceptualizes varieties of capitalism in a novel way, as ‘open systemlike configurations’
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