The Causal Relationship between the S&P 500 and the VIX Index

Florian Auinger highlights the core weaknesses and sources of criticism regarding the VIX Index as an indicator for the future development of financial market volatility. Furthermore, it is proven that there is no statistically significant causal relationship between the VIX and the S&P 500. As a consequence, the forecastability is not given in both directions. Obviously, there must be at least…

Bomb Canada and Other Unkind Remarks in the American Media

Canada and the United States. Two nations, one border, same continent. Anti-American sentiment in Canada is well documented, but what have Americans had to say about their northern neighbour? Allan examines how the American media has portrayed Canada, from Confederation to Obama’s election. By examining major events that have tested bilateral relations, Bomb Canada tracks the history of anti-…

The Case of State Liability

In light of the 20th anniversary of the ruling in Francovich, Michael Haba analyzes the principle of Member State Liability, which provides a right to damages whenever EU law is breached by Member States. His research ascertains that the doctrine evolved through three stages before becoming the unified approach that it is today. The author emphasizes that the principle’s base lay at the outse…

Liability Rules in Patent Law: A Legal and Economic Analysis

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978-3-642-40900-4

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Alberta Oil and the Decline of Democracy in Canada

In probing the impact of Alberta’s powerful oil lobby on the health of democracy in the province, contributors to the volume engage with an ongoing discussion of the erosion of political liberalism in the West. In addition to examining energy policy and issues of government accountability in Alberta, they explore the ramifications of oil dependence in areas such as Aboriginal rights, environm…

ABCs of Human Survival A Paradigm for Global Citizenship

The ABCs of Human Survival examines the effect of militant nationalism and the lawlessness of powerful states on the well-being of individuals and local communities―and the essential role of global citizenship within that dynamic. Based on the analysis of world events, Dr. Arthur Clark presents militant nationalism as a pathological pattern of thinking that threatens our security, while empha…

Leveraged Exchange-Traded Funds: Price Dynamics and Options Valuation

This book provides an analysis, under both discrete-time and continuous-time frameworks, on the price dynamics of leveraged exchange-traded funds (LETFs), with emphasis on the roles of leverage ratio, realized volatility, investment horizon, and tracking errors. This study provides new insights on the risks associated with LETFs. It also leads to the discussion of new risk management concepts, …

Lessons from the Local Group: A Conference in honour of David Block and Bruce…

Our understanding of galaxy formation comes mostly from two sources: sensitive observations at high angular resolution of the high-redshift Universe, where galaxies are observed to be forming, and detailed observations of individual stars and clouds in the Local Group, where telltale remnants from its formative time remain and similar processes operate at a low level today. The current conferen…

What Is Cognitive Psychology?

What Is Cognitive Psychology? identifies the theoretical foundations of cognitive psychology—foundations which have received very little attention in modern textbooks. Beginning with the basics of information processing, Michael R. W. Dawson explores what experimental psychologists infer about these processes and considers what scientific explanations are required when we assume cognition is …

Lessons From Fukushima: Japanese Case Studies on Science, Technology and Society

This book is about the consequences of the Fukushima disaster in light of their technological, societal, political, cultural and environmental origins. The magnitude of the nuclear accident is investigated in this book in the contexts of politics, economy, and society. The authors scrutinize the relationships between science, technology and society leading to this accident. Further, the authors…