The Working Paper "The EU-15's New Economy: A Statistical Portrait" offers a statistical portrait of the EU-15 which makes it possible to benchmark the countries involved in terms of how they are managing to achieve the goals set in the Lisbon strategy. It is both comprehensive - covering a...

Herein we attempt to quantify Tom McClellan’s notion of Dance Steps between two series of data, often of differing time periods (a current, or dependent and a previous, or independent period data series), looking for similarities in the turning points to use as a reference for the future...

This note presents an extension of the Markoviz-type "mean-variance" portfolio optimisation approach over one period to portfolios of derivatives. Most notably, we show that once "writing off" parts of the portfolio is allowed, we naturally arrive at using "cash-invariant monotone hulls" a'la...