Objective "In recent years the computational complexity of mathematical models employed in financial mathematics has witnessed a tremendous growth. Advanced numerical techniques are imperative for the most present-day applications in financial industry.The motivation for this training network is the need for a network of highly educated European scientists in the field of financial mathematics and computational science, so as to exchange and discuss current insights and ideas, and to lay groundwork for future collaborations.Besides a series of internationally recognized researchers from academics, leading quantitative analysts from the financial industry also participate in this network. The challenge lies in the necessity of combining complementary techniques and skills such as mathematical analysis, sophisticated numerical methods and stochastic simulation methods with deep qualitative and quantitative understanding of mathematical models arising from financial markets.The main training objective is to prepare, at the highest possible level, young researchers with a broad scope of scientific knowledge and to teach transferable skills, like social awareness which is very important in view of the recent financial crises.The current topic in this network is that the financial crisis in the European countries is a contagion and herding effect and is clearly outside of the domain of validity of Black-Scholes and Merton's theory, since the market is not Gaussian and it is not frictionless and complete.In this research training network our aim is to deeper understand complex (mostly nonlinear) financial models and to develop effective and robust numerical schemes for solving linear and nonlinear problems arising from the mathematical theory of pricing financial derivatives and related financial products. This aim will be accomplished by means of financial modelling, mathematical analysis and numerical simulations, optimal control techniques and validation of models." Fields of science social scienceseconomics and businesseconomicsmacroeconomicsnatural sciencesmathematicspure mathematicsmathematical analysisnatural sciencescomputer and information sciencescomputational sciencenatural sciencesmathematicsapplied mathematicsnumerical analysisnatural sciencesmathematicsapplied mathematicsmathematical model Programme(s) FP7-PEOPLE - Specific programme "People" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Topic(s) FP7-PEOPLE-2012-ITN - Marie-Curie Action: "Initial Training Networks" Call for proposal FP7-PEOPLE-2012-ITN See other projects for this call Funding Scheme MC-ITN - Networks for Initial Training (ITN) Coordinator BERGISCHE UNIVERSITAET WUPPERTAL Address Gauss-strasse 20 42119 Wuppertal Germany See on map Region Nordrhein-Westfalen Düsseldorf Wuppertal, Kreisfreie Stadt Activity type Higher or Secondary Education Establishments Administrative Contact Ulrike Hartig (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window EU contribution € 911 609,80 Participants (10) Sort alphabetically Sort by EU Contribution Expand all Collapse all UNIVERZITA KOMENSKEHO V BRATISLAVE Slovakia EU contribution € 284 944,00 Address Safarikovo nam 6 814 99 Bratislava See on map Region Slovensko Bratislavský kraj Bratislavský kraj Activity type Higher or Secondary Education Establishments Administrative Contact Winczerova Angelika (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITAT POLITECNICA DE VALENCIA Spain EU contribution € 326 473,50 Address Camino de vera sn edificio 3a 46022 Valencia See on map Region Este Comunitat Valenciana Valencia/València Activity type Higher or Secondary Education Establishments Administrative Contact José Antonio Pérez García (Mr.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITY OF RUSE ANGEL KANCHEV Bulgaria EU contribution € 173 210,62 Address Studentska street 8 7017 Ruse See on map Region Северна и Югоизточна България Северен централен Русе Activity type Higher or Secondary Education Establishments Administrative Contact Lubin G. Vulkov (Prof.) Links Contact the organisation Opens in new window Website Opens in new window INSTITUTO SUPERIOR DE ECONOMIA E GESTAO - ISEG Portugal EU contribution € 208 681,00 Address Rua do quelhas 6 1200-781 Lisboa See on map Region Continente Área Metropolitana de Lisboa Área Metropolitana de Lisboa Activity type Higher or Secondary Education Establishments Administrative Contact Helena Lima (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window HOCHSCHULE ZITTAU/GOERLITZ Germany EU contribution € 224 268,88 Address Theodor-koerner-allee 16 02763 Zittau See on map Region Sachsen Dresden Görlitz Activity type Higher or Secondary Education Establishments Administrative Contact Lothar Kahnt (Dr.) Links Contact the organisation Opens in new window Website Opens in new window TECHNISCHE UNIVERSITAET WIEN Austria EU contribution € 242 401,72 Address Karlsplatz 13 1040 Wien See on map Region Ostösterreich Wien Wien Activity type Higher or Secondary Education Establishments Administrative Contact Manuela Khaladj (Ms.) Links Contact the organisation Opens in new window Website Opens in new window TECHNISCHE UNIVERSITEIT DELFT Netherlands EU contribution € 341 489,84 Address Stevinweg 1 2628 CN Delft See on map Region West-Nederland Zuid-Holland Delft en Westland Activity type Higher or Secondary Education Establishments Administrative Contact Meijer Nils (Mr.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITY OF GREENWICH United Kingdom EU contribution € 412 582,72 Address Park row greenwich old royal naval college SE10 9LS London See on map Region London Outer London — East and North East Bexley and Greenwich Activity type Higher or Secondary Education Establishments Administrative Contact Alison Alison Yakub (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window JULIUS-MAXIMILIANS-UNIVERSITAT WURZBURG Germany EU contribution € 224 268,88 Address Sanderring 2 97070 Wuerzburg See on map Region Bayern Unterfranken Würzburg, Kreisfreie Stadt Activity type Higher or Secondary Education Establishments Administrative Contact Christian Gloggengiesser (Mr.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITEIT ANTWERPEN Belgium EU contribution € 232 540,00 Address Prinsstraat 13 2000 Antwerpen See on map Region Vlaams Gewest Prov. Antwerpen Arr. Antwerpen Activity type Higher or Secondary Education Establishments Administrative Contact Anne Adams (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window
