In this paper we study algorithms for pricing of interest rate instruments using recombining tree (scenario lattice) interest models. The price is defined as expected discounted cash flow. If the cash-flow generated by the instrument depends on the full or partial history of interest rates...

National governments are key actors in managing the impacts of extreme weather events, yet many highly exposed developing countries -- faced with exhausted tax bases, high levels of indebtedness, and limited donor assistance -- have been unable to raise sufficient and timely capital to replace...

National governments are key actors in managing the impacts of extreme weather events, yet many highly exposed developing countries - faced with exhausted tax bases, high levels of indebtedness, and limited donor assistance - have been unable to raise sufficient and timely capital to replace or...