We examine the statistical determinants of transfer risk using probit estimation and an estensive data set of over 300 sovereign ratings given by the leading rating agencies between 1992-1997.

This paper presents the first systematic analysis of the determinants of local currency sovereign ratings and uses ordered probit estimation. We find no signifiant quantitative impact for the best theoretical indicators of local currency creditworthiness, the fiscal balance and the rate of...

We discuss the effects of resonances in driven quantum systems within the context of quantum averaging techniques in the Floquet representation. We consider in particular iterative methods of KAM type and the extensions needed to take into account resonances. The approach consists in separating...

The first part of this paper considers the cognition of individuals ans groups of individuals in the context of organisational project risk analysis and management, and attempts to characterise a set of models of cognition which may be of value as conceptual tools for risk analysts and managers....

This paper describes some preliminary findings of an ethnographic inquiry into a steel mill pruchased by its employees through a stock option scheme in the early 1980's to avoid closure by its parent company.