On the impact of fundamentals, liquidity and coordination on market stability

We develop a coordination game to model interactions betweenfundamentals and liquidity during unstable periods in financial markets.We then propose a flexible econometric framework for estimationof the model and analysis of its quantitative implications. The specificempirical application is carry trades in the yen dollar market, includingthe turmoil of 1998. We find a generally very deep market, withlow information disparities amongst agents. We observe occasionallyepisodes of market fragility, or turmoil with up by the escalator, downby the elevator patterns in prices. The key role of strategic behaviorin the econometric model is also confirmed.

The impact of Economics on health policy and management in Spain

BackgroundDespite the intrinsic value of scientific disciplines, such as Economics, it is appropriate to gauge the impact of its applications on social welfare, or at least Health Economics (HE) case- its influence on health policy and management.MethodsThe three relevant features of knowledge (production, diffusion and application) are analyzed, more from an emic perspective the one used in Anthropology relying on the experience of the members of a culture- than from an etic approach seated on material descriptions and dubious statistics.ResultsThe soundness of the principles and results of HE depends on its disciplinary foundations,whereas its relevance than does not imply translation into practice- is more linked with the problems studied. Important contributions from Economics to the health sphere are recorded.HE in Spain ranks seventh in the world despite the relatively minor HE contents of its clinical and health services research journals.HE has in Spain more presence than influence, having failed to impregnate sufficiently thedaily events.ConclusionsHE knowledge required by a politician, a health manager or a clinician is rather limited; the main impact of HE could be to develop their intuition and awareness.

The cases of June 2000, November 2002 and September 2002 as examples of Mediterranean floods

Four flood events that affected three different countries are here described in terms of meteorological genesis and in terms of consequences on the population and on the territory. Each event is a good representative of a class of phenomena that produce important effects on the urban and extra-urban tissue and that must be taken into account in an optic of civil protection and risk evaluation. This is the subject of the HYDROPTIMET project, part of the Interreg IIIB program, which is collocated in the framework of the prevention of natural hazards and, in particular, those related to severe meteo-hydrological events. This paper aims at being a general introduction of the four events which are the subject of more detailed studies, already published or under submission.

Historia de Vida de Andrés Díaz de Rábago S.J. (1947-1957): O cómo la Guerra Civil China cambió la estructura de la Compañía de Jesús en Asia.

Peer-reviewed

La Guerra al cor : creació d'un recital coral-espectacle al voltant de la Guerra Civil Espanyola

La Guerra al Cor és un espectacle a mig camí entre el concert coral i el recital literari. A partir de la lectura i la tria d'un gran corpus de literatura catalana al voltant de la Guerra Civil i de la tria d'un repertori coral universal i heterogeni, s'ha confeccionat un guió entrellaçant ambdós elements. En aquest treball escrit s'argumentarà aquesta tria mitjançant la reflexió sobre els concerts interdisciplinars i l'estudi del context històric, literari i musical del conflicte en qüestió.

Arqueologia y didactica del conflicto: el caso de la guerra civil espaÑola

Archaeology of conflict is an archaeological subfield which is related to heritage regarding or linked to war, violent situations or any kind of conflicts. Archaeology of conflict has shown an special development in relation to contemporary history. In Spain, archaeology of conflict has focused especially in sites related to Spanish Civil War and Francoist dictatorship, producing museal interventions and studies with educational possibilities which could stress in the teaching and learning of History and the promotion of Peace.

Reconstruction of the Regional GDP of Portugal, 1890 – 1980

[cat] Aquest article metodològic ofereix estimacions del PIB per càpita regional de les regions portugueses, entre 1890 i 1980. Aquestes estimacions s’han obtingut seguint la metodologia proposada per (Geary and Stark, 2002) per a la industria, i considerant estimacions de producció directa per la resta de sectors.

Reconstruction of the Regional GDP of Portugal, 1890 – 1980

[cat] Aquest article metodològic ofereix estimacions del PIB per càpita regional de les regions portugueses, entre 1890 i 1980. Aquestes estimacions s’han obtingut seguint la metodologia proposada per (Geary and Stark, 2002) per a la industria, i considerant estimacions de producció directa per la resta de sectors.

Characteristics of 2D convective structures in Catalonia (NE Spain): an analysis using radar data and GIS

Flood simulation studies use spatial-temporal rainfall data input into distributed hydrological models. A correct description of rainfall in space and in time contributes to improvements on hydrological modelling and design. This work is focused on the analysis of 2-D convective structures (rain cells), whose contribution is especially significant in most flood events. The objective of this paper is to provide statistical descriptors and distribution functions for convective structure characteristics of precipitation systems producing floods in Catalonia (NE Spain). To achieve this purpose heavy rainfall events recorded between 1996 and 2000 have been analysed. By means of weather radar, and applying 2-D radar algorithms a distinction between convective and stratiform precipitation is made. These data are introduced and analyzed with a GIS. In a first step different groups of connected pixels with convective precipitation are identified. Only convective structures with an area greater than 32 km2 are selected. Then, geometric characteristics (area, perimeter, orientation and dimensions of the ellipse), and rainfall statistics (maximum, mean, minimum, range, standard deviation, and sum) of these structures are obtained and stored in a database. Finally, descriptive statistics for selected characteristics are calculated and statistical distributions are fitted to the observed frequency distributions. Statistical analyses reveal that the Generalized Pareto distribution for the area and the Generalized Extreme Value distribution for the perimeter, dimensions, orientation and mean areal precipitation are the statistical distributions that best fit the observed ones of these parameters. The statistical descriptors and the probability distribution functions obtained are of direct use as an input in spatial rainfall generators.