This paper deals with artificial agents buying and selling products in a virtual market of goods that may be substituted for each other. On the demand side the market features a homogenous group of agents whose dynamics are determined by three different scenarios. The supply side, on the other...

We present an spectral numerical method for the numerical valuation of bonds with embedded options. We use a CIR model for the short term interest rate. The method is based in a Galerkin formulation of the relevant partial differential equation for the value of the bond discretized by means of...

The purpose of OLAP (On-Line Analytical Processing) systems is to provide a framework for the analysis of multidimensional data. Many tasks related to analysing multidimensional data and making business decisions are still carried out manually by analysts (e.g. financial analysts, accountants,...

The MacSim package is designed for teaching macroeconomics, focusing on international trade. It uses a set of simplified models, describing the economy of countries belonging to the European Union. It brings together single-country mechanisms, including some financial elements, and international...

This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from...

This detailed assessment of the observance of standards and codes in the financial sector of the Kingdom of the Netherlands—Netherlands Antilles reviews implementation of the Basel Core Principles for effective banking. Legal provisions are in place entrusting the Bank of the Netherlands...