Juvenile Mental Health Courts: An Emerging Strategy

Examines the benefits and drawbacks in using juvenile mental health courts. Includes how the courts are funded, which agencies administer them, criteria used for including youth in the programs, and community services that are provided to participants

One numerical procedure for two risk factors modeling

We propose a numerical procedure for the pricing of financial contracts whose contingent claims are exposed to two sources of risk: the stock price and the short interest rate. More precisely, in our pricing framework we assume that the stock price dynamics is described by the Cox, Ross Rubinstein (CRR, 1979) binomial model under a stochastic risk free rate, whose dynamics evolves over time accordingly to the Black, Derman and Toy (BDT, 1990) one-factor model. To this aim, we set the hypothesis that the instantaneous correlation between the trajectories of the future stock price (conditional on the current value of the short rate) and of the future short rate is zero. We then apply the resulting stock price dynamics to evaluate the price of a simple contract, i.e. of a stock option. Finally, we compare the derived price to the price of the same option under different pricing models, as the traditional Black and Scholes (1973) model. We expect that, the difference in the two prices is not sensibly large. We conclude showing in which cases it should be helpful to adopt the described model for pricing purposes.option pricing; stochastic short rate model; binomial tree

Mercati finanziari globali e strategie di portafoglio

Le strategie di gestione di portafoglio in contesti turbolent

Gli effetti delle oscillazioni dei tassi di interesse sulle aziende di credito: aspetti teorici e verifica empirica

Ph.D. Dissertation, Italy (Rome - Florence)

The Banking Union in a Risk Management Perspective

The Key Risk Indicators by EB

CITTÀ METROPOLITANE E PROVINCE IN ITALIA: ORGANI, FUNZIONI FONDAMENTALI ED ESIGENZE DI RIDUZIONE DELLA SPESA

Aquest article analitza els problemes de la institució de les ciutats metropolitanes a Itàlia i la reforma simultània de les províncies. El problema forma part d’un debat polític italià més ampli i actual, vinculat als objectius de reducció de la despesa pública, i concerneix la necessitat d’aconseguir una nova organització del govern local respecte del pla contingut en el títol V de la Constitució italiana després de la reforma del 2001. Després d’examinar els anteriors intents de regulació de les ciutats metropolitanes, s’analitza la disposició continguda en el decret llei sobre l’spending review (d.l. n. 95/2012). Així, el text pretén exposar les dificultats i les incoherències en la identificació de les funcions administratives o en l’estructura general organitzativa del nou ens (la ciutat metropolitana) previst a la Constitució italiana el 2001, que encara segueix sense regulació jurídica normativa. En conseqüència, es consideren les implicacions i els efectes de la reforma en relació amb les funcions exercides per altres òrgans (municipis, províncies, regions) que ja operen en el territori.This paper analyses the problems derived from the metropolitan cities entities in Italy and the simultaneous reform of the provinces. These two issues are part of a broader and current Italian political debate related to targets for reduction of public spending and have to do with the achievement of a new order of local government different from that established in the Title V of the Italian Constitution after its 2001 reform. After an examination of previous attempts to regulate metropolitan cities entities, the article examines the aspects contained in decree law on spending review (d.l. n. 95/2012). In this way, the article aims to highlight both the difficulties and incoherencies of the identification of administrative functions and of the general structure to be assigned to the new level of government (the metropolitan city), provided in the Italian Constitution in 2001 but not yet established. Consequently, the article considers the effects that this new model has upon the other and already existing levels of government (such as municipalities, as provinces and as regions).Este artículo analiza los problemas de la institución de las ciudades metropolitanas en Italia y la reforma simultánea de las provincias. El problema forma parte de un más amplio y actual debate político italiano, vinculado a los objetivos de reducción del gasto público, y concierne la necesidad de conseguir una nueva organización del Gobierno local con respecto al plan contenido en el Título V de la Constitución italiana después de la reforma de 2001. Después de un examen de los anteriores intentos de regulación de las ciudades metropolitanas, se analiza la disposición contenida en el decreto ley sobre la spending review (d.l. n. 95/2012). Así, el texto pretende exponer las dificultades y las incoherencias en la identificación de las funciones administrativas y en la estructura general organizativa del nuevo ente (la ciudad metropolitana) previsto en la Constitución italiana de 2001, que todavía sigue sin regulación jurídico-normativa. En consecuencia, se consideran las implicaciones y los efectos de la reforma en relación a las funciones ejercidas por otros órganos (municipios, provincias, regiones) que ya operan en el territorio

la commercializzazione del ricercatore moderno

Academic social network tools: an introductio

Il Promotore Finanziario

La professione del promotore finanziario: problemi e prospettiv