ENERGÍA EÓLICA Y PAISAJES PROTEGIDOS: CONTROVERSIAS EN EL PARQUE NATURAL DE MONTESINHO

As one of the case studies developed under the international project “Eoliennes et paysage” we could follow the controversial issue of wind power and protected areas in the Montesinho Natural Park, Northeast Portugal, where the local populations demand the setting up of a wind farm in unproductive communal lands, aspiring to benefi t economically from it, while the preservationist claims against wind power within the protected area are sensed by them as an external and illegitimate interference in the communitarian management of a local heritage. Although wind power installation in Montesinho mountains is yet only a virtual possibility (facing hard administrative and technical barriers), this case study contributed to shed light into the kind of negotiations that are being promoted at local and regional levels, and how the present banning of wind power in the region due to conservation restrictions is reactivating ancient antagonisms.

Recensão: C. Cosmen Alonso; M. V. Herráez Ortega; M. P. Gómez-Calcerrada, (coord.), El intercambio artístico entre los reinos hispanos y las cortes europeas en la baja edad media

Recensão de: C. Cosmen Alonso; M. V. Herráez Ortega; M. P. Gómez-Calcerrada, (coord.). 2009. El intercambio artístico entre los reinos hispanos y las cortes europeas en la baja edad media. León: Universidad de León

Monte Carlo valuation of worst-of auto-callable equity swaps

This thesis proposes a Monte Carlo valuation method for Worst-of Auto-callable equity swaps. The valuation of this type of swap usually requires complex numerical methods which are implemented in “black-box” valuation systems. The method proposed is an alternative benchmark tool that is relatively simple to implement and customize. The performance of the method was evaluated according to the variance and bias of the output and to the accuracy when compared to a leading valuation system in the market.