By T. Parthasarathy, T.E.S. Raghavan
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Ein umfassender und vollst? ndiger ? berblick ? ber die neuen Instrumente des Kreditrisikotransfers wie Kreditderivate, Asset subsidized Securities und synthetische Verbriefungen. Systematisch stellt das Autorenteam deren Spielarten und Weiterentwicklungen dar und arbeitet Varianten der Liquidit? tsgewinnung und Risiko?
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Extra info for Some Topics in Two-person Games
When the Red Cross was founded in 1863, it was concerned about the disregard for noncombatants by those who made war; but in the Second World War noncombatants were deliberately chosen 12. International Committee of the Red Cross, Draft Rules for the Limitation of the Dangers Incurred by the Civilian Population in Time of War (2d ed. Geneva, 1958), pp. 144, 151. THE DIPLOMACY OF VIOLENCE 27 as targets by both Axis and Allied forces, not decisively but nevertheless deliberately. The trend has been the reverse of what the International Committee hoped for.
In one, sheer pain and damage are primary instruments of coercive warfare and may actually be applied, to intimidate or to deter. In the other, pain and destruction in war are expected to serve little or no purpose but prior threats of sheer violence, even of automatic and uncontrolled violence, are 32 ARMS AND INFLUENCE coupled to military force. The difference is in the all-or-none character of deterrence and intimidation. Two acute dilemmas arise. One is the choice of making prospective violence as frightening as possible or hedging with some capacity for reciprocated restraint.
Two gunfighters facing each other in a Western town had an unquestioned capacity to kill one another; that did not guarantee that both would die in a gunfight—only the slower of the two. Less deadly weapons, permitting an injured one to shoot back before he died, might have 24 ARMS AND INFLUENCE been more conducive to a restraining balance of terror, or of caution. The very efficiency of nuclear weapons could make them ideal for starting war, if they can suddenly eliminate the enemy' s capability to shoot back.