Books reviewed in this article: Accountability and Legitimacy in the European Union, edited by A. Arnull and D. Wincott Accountability in the European Union, by C. Harlow Les Commissaires Europeans: Technocrates, diplomates ou politiques? by J. Joana and A. Smith Between Empire and Alliance:...

Salvo en los casos de los países mediterráneos, los ferrocarriles de los países del Cono Sur, con muy pocas excepciones, no fueron tendidos pensando en su interconexión o en el comercio con países vecinos. Sin embargo, a mediados del decenio de los años 1990, a raíz de: (i) la adopción...

This paper follows up a discussion in the authors previous work on Louis Bachelier, examining the Black Scholes Merton model and reviewing the Payoff, Profit and Value of the option contract so defined. The paper in doing so addresses the contention that a perfect hedge can be achieved finding...

This paper reviews the form of the Louis Bachelier model for the modern option contract. This enables basic model properties to be analysed and the model's key elements to be defined being the intrinsic value and the instability or option risk premium. Further the paper reviews the option...

This Short Note arises from questions about applying the Bachelier model to FRAs which arose as interest rates went negative leading to a failure of the Black 1976 model used by convention as the market price model.The paper reviews the Black '76 model form highlighting reasons for this failure....

This paper builds on Louis Bachelier model for option pricing work by the author. The focus is to generalise the option model for where both assets are price uncertain, adapting the bivariate normal to the model; the paper also works on defining the underlying asset values based on this model,...

The paper reviews the option pricing model constructs of Bachelier and Black-Scholes Merton, concluding the latter model approximates the former. The paper demonstrates that certain critiques of the Bachelier model outlined in the 1960s and 1970s are not sound; and Bachelier's model can be...