Understanding Flood Regime Changes in Europe: a state-of-the-art assessment

There is growing concern that flooding is becoming more frequent and severe in Europe. A better understanding of flood regime changes and their drivers is therefore needed. The paper reviews the current knowledge on flood regime changes in European rivers that has traditionally been obtained through two alternative research approaches. The first approach is the data-based detection of changes in observed flood events. Current methods are reviewed together with their challenges and opportunities. For example, observation biases, the merging of different data sources and accounting for nonlinear drivers and responses. The second approach consists of modelled scenarios of future floods. Challenges and opportunities associated with flood change scenarios are discussed such as fully accounting for uncertainties in the modelling cascade and feedbacks. To make progress in flood change research, we suggest that a synthesis of these two approaches is needed. This can be achieved by focusing on long duration records and flood-rich and flood-poor periods rather than on short duration flood trends only, by formally attributing causes of observed flood changes, by validating scenarios against observed flood regime dynamics, and by developing low-dimensional models of flood changes and feedbacks. The paper finishes with a call for a joint European flood change research network.

Russian Easter overture : op. 36

Soitinnus: ork.

Entre a batuta e o tubo de ensaio: a carreira admirável de Alexandre Borodin

Alexander Borodin (1833-1887) is a singularity in the history of science. Whereas other scientists may have kept lifelong interests in some artistic field, he was unique in pursuing with great success two parallel careers in both chemistry and music, managing to excell in both to the end of his life. Although he considered himself primarily a chemist, present-day appreciation of his powerful music has greatly surpassed interest for his chemistry. This article treats the life and the unusual double career of the Russian chemist-musician.

Hence care, thou art too cruel

Recorded at the concert, May 14, 1953, Sprague Memorial Hall, Yale University.

El patronatge de les noves oligarquies urbanes a l'art català dels segles XVI i XVII

Al llarg del segle XVI es produí de manera lenta i heterogènia la progressiva introducció al Principat de les formes artístiques del Renaixement italià. Tradicionalment, a Catalunya, igual que a la resta del territori europeu, havia estat la noblesa, com a estament més proper al poder reial, la principal protagonista en el procés de comitència de les obres de més envergadura, moltes d"elles plantejades amb un sentit àulic que pretenia manifestar el predomini polític i econòmic de què havia gaudit d"antuvi aquest segment de la societat. Tanmateix, amb l"arribada a casa nostra dels nous corrents artístics renaixentistes es produí una certa inflexió en aquesta tendència, i hom pot observar com, a la fi del segle XVI i, sobretot, al llarg del segle XVII, aparegueren en l"escena del mercat artístic alts funcionaris reials, magistrats i juristes que, adherits al modern corrent de pensament humanista, dugueren a terme un important exercici de promoció i finançament d"empreses arquitectòniques, escultòriques i pictòriques seguidores dels preceptes renaixentistes. El present estudi analitza en quins termes es produí aquest relleu de patrocini artístic i repassa alguns casos ben emblemàtics.

Fontcuberta i Famadas, Cristina. 'Imatges d'atac. Art i conflicte als segles XVI i XVII'

Durant els darrers anys hem assistit a una ampliació de la perspectiva a través de la qual han estat observades les imatges. Entre els historiadors de l'art, les preguntes tradicionals, centrades en l'autoria o en la seva dimensió estètica, han passat a compartir l'interès amb altres qüestions com ara la del comitent i el seu entorn, la circulació, el mercat o els múltiples usos i significats que aquelles podien adquirir.

Les Històries de Tobies d'Andrea Vaccaro: de Nàpols al Museu Nacional d'Art de Catalunya

[cat] Aquest article intenta reconstruir la història de quatre pintures de l'artista napolità Andrea Vaccaro, actualment al Museu Nacional d'Art de Catalunya, i originàriament part d'una sèrie de 12 peces dedicada a les històries bíbliques de Tobies, propietat del virrei de Nàpols Pedro Antonio de Aragón. L'anàlisi de les obres i del context de la seva comissió a la llum d'estudis recents permet corregir-ne la datació i comprendre la importància de les quatre peces de Vaccaro del MNAC, en el marc de la circulació d'obres d'art entre el Regne de Nàpols i la península Ibèrica al llarg del segle XVII.

Comentari a la setència sobre l'Estatut. Competència en matèria de consultes populars (art. 122)

L'article 122 de l'Estatut d'autonomia de Catalunya (EAC) reconeix a la Generalitat la competència exclusiva per a establir el règim jurídic, les modalitats, el procediment, l'acompliment i la convocatòria per la mateixa Generalitat o pels ens locals, en l'àmbit de llurs competències, d'enquestes, audiències públiques,formes de participació i qualsevol altre instrument de consultes populars, salvant el que disposa l'article 149.1.32 de la Constitució espanyola (CE). La STC 31/2010, de 20 de juny, avala al seu fonament jurídic 69, la constitucionalitat del precepte estatutari, però amb una interpretació marcadament restrictiva.

Utilisation of biomass for energy production in the North-West Russian forest industry

Traditionally, fossil fuels have always been the major sources of the modern energy production. However prices on these energy sources have been constantly increasing. The utilization of local biomass resources for energy production can substitute significant part of the required energy demand in different energy sectors. The introduction of the biomass usage can easily be started in the forest industry first as it possesses biomass in a large volume. The forest industry energy sector has the highest potential for the fast bioenergy development in the North-West Russia. Therefore, the question concerning rational and effective forest resources use is important today as well as the utilization of the forestry by-products. This work describes and analyzes the opportunities of utilising biomass, mainly, in the form of the wood by-products, for energy production processes in general, as well as for the northwest Russian forest industry conditions. The study also covers basic forest industry processes and technologies, so, the reader can get familiar with the information about the specific character of the biomass utilization. The work gives a comprehensive view on the northwest forest industry situation from the biomass utilisation point of view. By presenting existing large-scale sawmills and pulp and paper mills the work provides information for the evaluation of the future development of CHP investments in the northwest Russian forest industry.

Essays on pricing of risk and international linkage of Russian stock market

Last two decades have seen a rapid change in the global economic and financial situation; the economic conditions in many small and large underdeveloped countries started to improve and they became recognized as emerging markets. This led to growth in the amounts of global investments in these countries, partly spurred by expectations of higher returns, favorable risk-return opportunities, and better diversification alternatives to global investors. This process, however, has not been without problems and it has emphasized the need for more information on these markets. In particular, the liberalization of financial markets around the world, globalization of trade and companies, recent formation of economic and regional blocks, and the rapid development of underdeveloped countries during the last two decades have brought a major challenge to the financial world and researchers alike. This doctoral dissertation studies one of the largest emerging markets, namely Russia. The motivation why the Russian equity market is worth investigating includes, among other factors, its sheer size, rapid and robust economic growth since the turn of the millennium, future prospect for international investors, and a number of important major financial reforms implemented since the early 1990s. Another interesting feature of the Russian economy, which gives motivation to study Russian market, is Russia’s 1998 financial crisis, considered as one of the worst crisis in recent times, affecting both developed and developing economies. Therefore, special attention has been paid to Russia’s 1998 financial crisis throughout this dissertation. This thesis covers the period from the birth of the modern Russian financial markets to the present day, Special attention is given to the international linkage and the 1998 financial crisis. This study first identifies the risks associated with Russian market and then deals with their pricing issues. Finally some insights about portfolio construction within Russian market are presented. The first research paper of this dissertation considers the linkage of the Russian equity market to the world equity market by examining the international transmission of the Russia’s 1998 financial crisis utilizing the GARCH-BEKK model proposed by Engle and Kroner. Empirical results shows evidence of direct linkage between the Russian equity market and the world market both in regards of returns and volatility. However, the weakness of the linkage suggests that the Russian equity market was only partially integrated into the world market, even though the contagion can be clearly seen during the time of the crisis period. The second and the third paper, co-authored with Mika Vaihekoski, investigate whether global, local and currency risks are priced in the Russian stock market from a US investors’ point of view. Furthermore, the dynamics of these sources of risk are studied, i.e., whether the prices of the global and local risk factors are constant or time-varying over time. We utilize the multivariate GARCH-M framework of De Santis and Gérard (1998). Similar to them we find price of global market risk to be time-varying. Currency risk also found to be priced and highly time varying in the Russian market. Moreover, our results suggest that the Russian market is partially segmented and local risk is also priced in the market. The model also implies that the biggest impact on the US market risk premium is coming from the world risk component whereas the Russian risk premium is on average caused mostly by the local and currency components. The purpose of the fourth paper is to look at the relationship between the stock and the bond market of Russia. The objective is to examine whether the correlations between two classes of assets are time varying by using multivariate conditional volatility models. The Constant Conditional Correlation model by Bollerslev (1990), the Dynamic Conditional Correlation model by Engle (2002), and an asymmetric version of the Dynamic Conditional Correlation model by Cappiello et al. (2006) are used in the analysis. The empirical results do not support the assumption of constant conditional correlation and there was clear evidence of time varying correlations between the Russian stocks and bond market and both asset markets exhibit positive asymmetries. The implications of the results in this dissertation are useful for both companies and international investors who are interested in investing in Russia. Our results give useful insights to those involved in minimising or managing financial risk exposures, such as, portfolio managers, international investors, risk analysts and financial researchers. When portfolio managers aim to optimize the risk-return relationship, the results indicate that at least in the case of Russia, one should account for the local market as well as currency risk when calculating the key inputs for the optimization. In addition, the pricing of exchange rate risk implies that exchange rate exposure is partly non-diversifiable and investors are compensated for bearing the risk. Likewise, international transmission of stock market volatility can profoundly influence corporate capital budgeting decisions, investors’ investment decisions, and other business cycle variables. Finally, the weak integration of the Russian market and low correlations between Russian stock and bond market offers good opportunities to the international investors to diversify their portfolios.

L'aplicació de l'art teràpia amb nens hospitalitzats amb càncer, per tal de millorar el seu estat d'ànim, disminuir l'ansietat i l'estrès

Amb aquest projecte d'intervenció ens agradaria poder posar sobre la taula que l'art teràpia és una disciplina, una tècnica dins de la psicologia, que aporta beneficis psico-emocionals als usuaris que la reben; en el cas d'aquest projecte amb nens i adolescents amb càncer a l'Hospital Sant Joan de Déu.

Le Cabinet de l'amateur et de l'antiquaire : revue des tableaux et des estampes anciennes, des objets d'art, d'antiquité et de curiosité

1861-1862.

Le Cabinet de l'amateur et de l'antiquaire : revue des tableaux et des estampes anciennes, des objets d'art, d'antiquité et de curiosité

Variante(s) de titre : Le Cabinet de l'amateur

Le Cabinet de l'amateur et de l'antiquaire : revue des tableaux et des estampes anciennes, des objets d'art, d'antiquité et de curiosité

1842 (T1).