Description: While some people proclaim the imminent triumph of renewable energy, this article argues that fossil fuels will continue to be part of the energy mix.

Description: In this article the author argues that a falling currency is a symptom of a country’s economic problems and discusses Canada’s experience through late 1997, and concludes that the government’s fiscal and monetary policies were not the long term answer to the problem.

Description: It summarizes the activities that took place on the “Day of reflection and evaluation of insurance in Argentina” held at the School of Economic Sciences at the University of Buenos Aires (FCE-UBA) on October 17th. The main objective of the Day was to present the progress achieved through the National Strategic Plan for the Insurance Industry (PlaNeS 2012-2020) launched in 2012. The audience included the Superintendent and Vice Superintendent of Insurance, Juan Bontempo and Santiago Fraschina, as well as the Dean of the FCE-UBA, Professor Alberto Barbieri, and authorities of all insurance chambers and industry trade bodies.

Description: A comprehensive literature review on demographics and asset returns plus model specifications relating to housing prices.

Description: Risk management techniques do not include system science. System science requires that the uncertainty of the world is incorporated into the results. The articles explains the difference between risk and uncertainty. Learn how risk practices create an overoptimistic view of future outcomes.

Description: Applies the economic concept of negative externality (where firms profit but create unacceptable social costs) to systemic of financial institutions. Identifies alternatives to the traditional (Pigou) response of taxing the firm.

Description: Summarizes the state of US government balance sheet and defends the view that inflation will not rise sharply in the next few years.

Description: Announcement of this event, to be held May 6-9, 2012. The theme is 'The Actuarial Profession and Social and Economic Development'.

Description: Abstract: A model for analyzing the probability and severity of default of sovereign entities and banks. The methodology analyzes the risks inherent in the investment of debt of sovereign governments and large financial institutions side-by-side, taking into consideration macroeconomic interactions among the sovereign fiscal and monetary authorities, the financial institutions, and the real economy. The signature aspect of the methodology is that it adapts a Merton-style default model to use explicit measures of sovereign assets and asset volatility.