Special Issue in memoriam Jacob Spronk: new developments in Financial Modelling and their impact on society beyond Finance

Excerpt

Modern Financial Modeling has become a powerful tool for decision-making risk assessment, and strategic planning in an increasingly uncertain world. Recent developments in this field have transcended traditional boundaries, reaching the fabric of society far beyond the realms of finance. It is therefore not a mere prediction of, say, market trends or optimization of investment strategies, but it also serves as a catalyst for transformative change, reshaping industries, empowering individuals, and fostering sustainable progress. These developments have a profound impact on society at large and this was one of the main concerns for Professor Jacob Spronk to whom we dedicate this Special Issue. The ability to carry on the field of Financial Modeling in a highly complex and interdisciplinary context were one of Jacob Spronk`s distinguished skills. …