Decomposable approximations of nuclear C*-algebras

We show that nuclear C*-algebras have a re ned version of the completely positive approximation property, in which the maps that approximately factorize through finite dimensional algebras are convex combinations of order zero maps. We use this to show that a separable nuclear C*-algebra A which is closely contained in a C*-algebra B embeds into B.

Creació i destrucció de la primera bombolla immobiliària global

El factor clau per a la creació de la primera bombolla immobiliària va ser l"existència d"una gran liquiditat a nivell mundial entre el 2001 i el 2005. En alguns països, aquest període es va allargar fins a l"agost del 2007. La liquiditat va ser generada per uns tipus d"interès històricament molt reduïts i per unes condicions de finançament pràcticament immillorables. Entre el 2006 i el 2008 les diverses bombolles immobiliàries van explotar. L"esclat va ser conseqüència de la combinació de dos aspectes: un sobtat canvi en les condicions de finançament hipotecari per l"extensió a nivell mundial de les crisis de les hipoteques subprime dels Estats Units, i un gran excés d"oferta d"habitatges en alguns països.

Creación y destrucción de la burbuja inmobiliaria en España

El presente artículo pretende analizar las principales causas que provocaron la formación de una burbuja inmobiliaria en España en el período 1998-2005, así como los primordiales motivos y consecuencias de su posterior explosión. Propone un conjunto de medidas que permitirían reducir la duración de la crisis inmobiliaria, mejorarían la solvencia de las entidades financieras, estimularían la concesión de créditos por parte de cajas y bancos y ayudarían a que la economía española saliera con mayor prontitud del actual período de recesión.

Housing Wealth and Housing Decisions in Old Age: Sale and Reversion

Population ageing brings new challenges to long-term household economic decisions. In the event of old-age dependency, housing assets become a key self-insurance device. However, little empirical evidence has been reported regarding an individual"s expectations of having to use their housing wealth for such a purpose. This paper draws upon two complementary data sources to empirically examine: (1) the influence of housing assets on an individual"s willingness-to-sell (WTS) their dwelling for care purposes, and (2) the willingness to take out a reverse mortgage contract loan in the event of old-age dependency. The paper"s findings suggest that homeowners" WTS in old age is unaffected by their income or housing assets and is, rather, determined by socio-environmental housing characteristics and the individual"s health and personal needs. Conversely, the study finds that the uptake of home reversion loans is largely dependent on income or education, but not on a household"s housing assets.

Las apropiaciones de la ciudad a la hora de la globalización: las estrategias del capital ruso y chino en el mercado inmobiliario de Barcelona

[spa]Con la internacionalización del mercado inmobiliario de las ciudades, originariamente local, se han generado nuevos flujos de capital que han reforzado a nivel mundial el segundo circuito. Barcelona, por lo menos desde 1992 no ha sido ajena a ello. Los últimos capitales llegados proceden de antiguos países socialistas, especialmente de la República Popular de China y de Rusia, con estrategias distintas de localización, más concentradas las chinas. Las consecuencias de estas nuevas apropiaciones del espacio urbano se sienten en la restricción del acceso al mercado de la vivienda por parte de los ciudadanos y en la formación de una Chinatown de modelo europeo.

Real rank zero algebras have the corona factorization property

The purpose of this short note is to prove that a stable separable C*-algebra with real rank zero has the so-called corona factorization property, that is, all the full multiplier projections are properly in finite. Enroute to our result, we consider conditions under which a real rank zero C*-algebra admits an injection of the compact operators (a question already considered in [21]).

Geolocalitzáció en temps real sobre Google Maps

L’objectiu d’aquest projecte és crear un sistema de seguiment d’una flota de vehicles amb GPS en temps real. A partir d’un mòdul de captació, el servidor recull la informació geogràfica dels vehicles i l’emmagatzema. I amb un mòdul de processament, es mostra i controla els vehicles, els punts d’interès i els polígons del sistema de Geofencing. En primer lloc, faig una introducció a l’estat de l’art dels sistemes de seguiment de vehicles. A continuació, analitzo els requeriments, especifico el comportament desitjat del sistema, explico el disseny i la implementació. Per últim, faig un seguit de proves per extreure’n les conclusions.

Análisis de la dimensión ambiental de la tenencia de la tierra. El caso de la Zona Protectora y Parque Nacional Volcán Tenorio de Costa Rica

El presente estudio consiste en la elaboración de un mapa del estado de tenencia de la tierra actual de la Zona Protectora y Parque Nacional Volcán Tenorio situado al norte de Costa Rica. A partir de este resultado cartográfico se efectuarán estudios referentes al estado legal de las propiedades, al tipo de propiedad, a la ubicación de las propiedades dentro del Área Silvestre Protegida y al evalúo de los conflictos legales dentro de ésta. Por otro lado, se analiza la cobertura de la tierra y el estado de conservación. La metodología utilizada se basa en el uso de Sistemas de Información Geográfica y en la verificación de la información mediante puntos GPS tomados al campo y su análisis en la oficina. Los resultados muestran una reubicación de los planos más precisa y real que la indicada por el Catastro Nacional. Aunque las propiedades privadas son mayoritarias, el área de estudio presenta en general un porcentaje alto de masa boscosa, mientras que en las zonas limítrofes se encuentra una fragmentación del hábitat determinada por herbazales. Este estudio contribuye a una mejor gestión y conservación del Área Protegida y es un avance en el ordenamiento territorial del país.

Weighted Logratio Biplots, Correspondence Analysis and Spectral Maps

Starting with logratio biplots for compositional data, which are based on the principle of subcompositional coherence, and then adding weights, as in correspondence analysis, we rediscover Lewi's spectral map and many connections to analyses of two-way tables of non-negative data. Thanks to the weighting, the method also achieves the property of distributional equivalence

Real wage rigidities and the new Keynesian model

Most central banks perceive a trade-off between stabilizing inflation and stabilizing the gap between output and desired output. However, the standard new Keynesian framework implies no such trade-off. In that framework, stabilizing inflation is equivalent to stabilizing the welfare-relevant output gap. In this paper, we argue that this property of the new Keynesian framework, which we call the divine coincidence, is due to a special feature of the model: the absence of non trivial real imperfections.We focus on one such real imperfection, namely, real wage rigidities. When the baseline new Keynesian model is extended to allow for real wage rigidities, the divine coincidence disappears, and central banks indeed face a trade-off between stabilizing inflation and stabilizing the welfare-relevant output gap. We show that not only does the extended model have more realistic normative implications, but it also has appealing positive properties. In particular, it provides a natural interpretation for the dynamic inflation-unemployment relation found in the data.

Property enforcement as organized consent

This article develops and tests a theory of the institutions that makeproperty rights viable, ensuring their enforcement, mobilizing thecollateral value of assets and promoting growth. In contrast tocontractual rights, property rights are enforced in rem, being affectedonly with the consent of the right holder. This ensures enforcement butis costly when multiple, potentially colliding rights are held in thesame asset. Different institutions reduce the cost of gathering consentsto overcome this trade-off of enforcement benefits for consent costs:recording of deeds with title insurance, registration of rights and evena regimen of purely private transactions. All three provide functionallysimilar services, but their relative performance varies with the numberof transactions, the risk of political opportunism and regulatoryconsistency. The analysis also shows the rationality of allowingcompetition in the preparation and support of private contractswhile requiring territorial monopoly in recording and registrationactivities, this to ensure independence and protect third parties.

Ownership structure and innovation: Is there a real link?

This work focuses on the study of the relationship between ownership and control structure of the company and its innovative activity. Its aim consists of analysing the role that may be played by determinants within the company related to ownership structure when the decision to incur research and development activities is taken as well as on the output of this innovate process. Among these determinants we may think of issues such as who owns the firm and how the control of decision-making is distributed, the nature of this control and the level of concentration of ownership, among others. The study is carried out for the year 2001 using a representative sample of Spanish manufacturing industries.

Ownership structure and innovation: Is there a real link?

This work focuses on the study of the relationship between ownership and control structure of the company and its innovative activity. Its aim consists of analysing the role that may be played by determinants within the company related to ownership structure when the decision to incur research and development activities is taken as well as on the output of this innovate process. Among these determinants we may think of issues such as who owns the firm and how the control of decision-making is distributed, the nature of this control and the level of concentration of ownership, among others. The study is carried out for the year 2001 using a representative sample of Spanish manufacturing industries.

Global periodicity conditions for maps and recurrences via Normal Forms

We face the problem of characterizing the periodic cases in parametric families of (real or complex) rational diffeomorphisms having a fixed point. Our approach relies on the Normal Form Theory, to obtain necessary conditions for the existence of a formal linearization of the map, and on the introduction of a suitable rational parametrization of the parameters of the family. Using these tools we can find a finite set of values p for which the map can be p-periodic, reducing the problem of finding the parameters for which the periodic cases appear to simple computations. We apply our results to several two and three dimensional classes of polynomial or rational maps. In particular we find the global periodic cases for several Lyness type recurrences

Deciphering the global organization of clustering in real complex networks

We uncover the global organization of clustering in real complex networks. To this end, we ask whether triangles in real networks organize as in maximally random graphs with given degree and clustering distributions, or as in maximally ordered graph models where triangles are forced into modules. The answer comes by way of exploring m-core landscapes, where the m-core is defined, akin to the k-core, as the maximal subgraph with edges participating in at least m triangles. This property defines a set of nested subgraphs that, contrarily to k-cores, is able to distinguish between hierarchical and modular architectures. We find that the clustering organization in real networks is neither completely random nor ordered although, surprisingly, it is more random than modular. This supports the idea that the structure of real networks may in fact be the outcome of self-organized processes based on local optimization rules, in contrast to global optimization principles.