The new realities, generated by globalization and asymmetric conflicts, have a great impact and influence upon society. The military organization has to adapt itself to this new reality. The efficacy of military action is based on the pragmatic process of defense resource management, through the...

In the context of globalization, economic activities become more complex and are influenced by a large number of factors, which need to be controlled and managed effectively. This also happens with projects, thus an increased need for qualified and competent project managers arose. The result...

The field of Project Management has become increasingly important lately. Nowadays there are different types of educational programs which promise providing the necessary knowledge to those interested in joining the large world of business. If you want to be a certified project manager, you must...

The Agency CMO market, an often overlooked corner of mortgage finance, has experienced tremendous growth over the past decade. This paper explains the rationale behind the construction of Agency CMOs, quantifies risks embedded in Agency CMOs using a traditional and a novel approach, and offers...

The Payment Cards Center organized a meeting at which senior officials from MasterCard shared information with Federal Reserve System payments analysts about the clearing and settlement functions that MasterCard performs for its client banks. These functions involve the transfer of information...

The authors explain why central counterparties (CCPs) emerged historically. With standardized contracts, it is optimal to insure counterparty risk by clearing those contracts through a CCP that uses novation and mutualization. As netting is not essential for these services, it does not explain...

From 2007 to 2010, more than 200 community banks in the United States failed. Many of these failed community banking organizations (CBOs) held less than $1 billion in total assets. As economic conditions worsen, banking organizations are expected to preserve capital to withstand unexpected...