2,444 research outputs found

    On the cost of delayed currency fixing announcements

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    In 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

    Aura Satz in conversation with Christoph Cox, April/May 2017

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    A conversation between Aura Satz and Christoph Cox, exploring sirens and emergency signals, acoustic ecology, and economies of attention. Aura Satz is a film-maker and sound artist who has performed, exhibited and screened her work nationally and internationally, including at Tate Modern; Oberhausen Short Film Festival (Oberhausen); the Rotterdam Film Festival (Rotterdam); the New York Film Festival (NY); Gallery 44 (Toronto); InterCommunication Centre (Tokyo) and the Sydney Biennale. In 2012, she was shortlisted for the Samsung Art+ Award and the Jarman Award. She teaches at the Royal College of Art, London. She was in conversation with Christoph Cox, a philosopher, critic, and curator who teaches at Hampshire College in Amherst, Massachusetts. He is the author of Sonic Flux: Sound, Art, and Metaphysics (University of Chicago Press, forthcoming) and Nietzsche: Naturalism and Interpretation (University of California Press, 1999), and co-editor of Realism Materialism Art (Sternberg, 2015) and Audio Culture: Readings in Modern Music (Continuum, 2004/Bloomsbury, 2017). Cox is editor-at-large at Cabinet magazine. His writing has appeared in numerous journals including October, Artforum, Journal of the History of Philosophy, Journal of Visual Culture, The Review of Metaphysics. He has curated exhibitions at the Contemporary Arts Museum Houston, The Kitchen, CONTEXT Art Miami and other venues

    Private Equity und Familienunternehmen: eine Untersuchung unter besonderer Berücksichtigung deutscher Maschinen- und Anlagenbauunternehmen

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    Despite the common view that there is inherently a relationship of confliction, it is now impossible to imagine the financing of family-owned enterprises in Germany without the alternative method of Private Equity financing. Based on a survey on Private Equity in family owned companies specialising in the mechanical engineering sector, this working paper identifies that Private Equity in general is not as unwanted as once assumed. Overall more than 3/4 of the surveyed companies do not exclude investment capital. However, the study demonstrates that the time of large buy-outs is arguably up, and minority capital has now come into vogue. This working paper examines, from the viewpoint of the managing directors of the studied companies, the conceptions and beliefs held by such persons about Private Equity. Generally speaking, besides loss of control, managing directors primarily fear Private Equity because of exaggerated returns on investment at the expense of the long-term development of the company. On the other hand, this paper also highlights that managing directors expect that Private Equity can have a positive element as it can enable bank independence, especially at a time when it becomes increasingly difficult to maintain creditworthiness. Further, this paper analyses the relationship between the managing director of the family enterprise and the Private Equity investor. Because of the special situation of the managing director in a family owned company, trust between that person and the Private Equity investor is one of the most important factors. If there is a lack of trust the business relation is troubled from the start. --Private equity,buyout,family owned enterprises,minority capital,credit crisis,MBO,MBI,return on investments,LBO,leveraged finance,M&A

    Cycle time estimation using artificial neural networks

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    author: Christoph Gerhold, BScMasterarbeit Universität Innsbruck 201

    Cycle time estimation using artificial neural networks

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    author: Christoph Gerhold, BScMasterarbeit Universität Innsbruck 201

    Cycle time estimation using artificial neural networks

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    author: Christoph Gerhold, BScMasterarbeit Universität Innsbruck 201

    Mass spectrometry screening of mitochondrial DNA modifiers by using TALE-guided protein-biotinylation in human cells

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    Author Christoph Zinöcker, BScMasterarbeit Universität Linz 2023Arbeit gesperr

    Mass spectrometry screening of mitochondrial DNA modifiers by using TALE-guided protein-biotinylation in human cells

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    Author Christoph Zinöcker, BScMasterarbeit Universität Linz 2023Arbeit gesperr

    Bit-Vector Rewriting using Union-Find with Offsets

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    Author Christoph SperlKurzfassungen in deutscher und englischer SpracheMasterarbeit Universität Linz 201

    Bit-Vector Rewriting using Union-Find with Offsets

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    Author Christoph SperlKurzfassungen in deutscher und englischer SpracheMasterarbeit Universität Linz 201
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