Benford’s Law and Macroeconomic Data Quality

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451871570
Total Pages : 22 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Benford’s Law and Macroeconomic Data Quality by : Mr.Jesus Gonzalez-Garcia

Download or read book Benford’s Law and Macroeconomic Data Quality written by Mr.Jesus Gonzalez-Garcia and published by International Monetary Fund. This book was released on 2009-01-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the usefulness of testing the conformity of macroeconomic data with Benford's law as indicator of data quality. Most of the macroeconomic data series tested conform with Benford's law. However, questions emerge on the reliability of such tests as indicators of data quality once conformity with Benford's law is contrasted with the data quality ratings included in the data module of the Reports on the Observance of Standards and Codes (data ROSCs). Furthermore, the analysis shows that rejection of Benford's law may be unrelated to the quality of statistics, and instead may result from marked structural shifts in the data series. Hence, nonconformity with Benford's law should not be interpreted as a reliable indication of poor quality in macroeconomic data.

Benford's Law

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Author :
Publisher : Princeton University Press
ISBN 13 : 1400866596
Total Pages : 465 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Benford's Law by : Steven J. Miller

Download or read book Benford's Law written by Steven J. Miller and published by Princeton University Press. This book was released on 2015-06-09 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benford's law states that the leading digits of many data sets are not uniformly distributed from one through nine, but rather exhibit a profound bias. This bias is evident in everything from electricity bills and street addresses to stock prices, population numbers, mortality rates, and the lengths of rivers. Here, Steven Miller brings together many of the world’s leading experts on Benford’s law to demonstrate the many useful techniques that arise from the law, show how truly multidisciplinary it is, and encourage collaboration. Beginning with the general theory, the contributors explain the prevalence of the bias, highlighting explanations for when systems should and should not follow Benford’s law and how quickly such behavior sets in. They go on to discuss important applications in disciplines ranging from accounting and economics to psychology and the natural sciences. The contributors describe how Benford’s law has been successfully used to expose fraud in elections, medical tests, tax filings, and financial reports. Additionally, numerous problems, background materials, and technical details are available online to help instructors create courses around the book. Emphasizing common challenges and techniques across the disciplines, this accessible book shows how Benford’s law can serve as a productive meeting ground for researchers and practitioners in diverse fields.

Corruption and Fraud in Financial Markets

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1394178158
Total Pages : 624 pages
Book Rating : 4.3/5 (941 download)

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Book Synopsis Corruption and Fraud in Financial Markets by : Carol Alexander

Download or read book Corruption and Fraud in Financial Markets written by Carol Alexander and published by John Wiley & Sons. This book was released on 2022-12-13 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Identifying malpractice and misconduct should be top priority for financial risk managers today Corruption and Fraud in Financial Markets identifies potential issues surrounding all types of fraud, misconduct, price/volume manipulation and other forms of malpractice. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, bribery, false disclosure, frontrunning, options backdating, and improper execution or broker-agency relationships. Informed but corrupt traders manipulate prices in dark pools run by investment banks, using anonymous deals to move prices in their own favour, extracting value from ordinary investors time and time again. Strategies such as wash, ladder and spoofing trades are rife, even on regulated exchanges – and in unregulated cryptocurrency exchanges one can even see these manipulative quotes happening real-time in the limit order book. More generally, financial market misconduct and fraud affects about 15 percent of publicly listed companies each year and the resulting fines can devastate an organisation's budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of all these issues to help prevent you and your company from falling victim to unethical practices. Learn about the different types of corruption and fraud and where they may be hiding in your organisation Identify improper relationships and conflicts of interest before they become a problem Understand the regulations surrounding market misconduct, and how they affect your firm Prevent budget-breaking fines and other potentially catastrophic consequences Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is uncomfortably prevalent in a large number of financial firms; it can exist in a wide variety of forms, with practices in multiple departments, making self-governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.

On the Inaccuracies of Economic Observations

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Publisher : Edward Elgar Publishing
ISBN 13 : 1802207856
Total Pages : 229 pages
Book Rating : 4.8/5 (22 download)

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Book Synopsis On the Inaccuracies of Economic Observations by : Peter A.G. van Bergeijk

Download or read book On the Inaccuracies of Economic Observations written by Peter A.G. van Bergeijk and published by Edward Elgar Publishing. This book was released on 2024-06-05 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This informative book reveals the pervasive nature of large inaccuracies in economic statistics. Drawing on numerous real-world examples including case studies from advanced and developing countries, Peter van Bergeijk presents profound insights into how downplaying these errors undermines the scientific rigour of economic analysis and outlines how to manage uncertainty in economic analysis moving forward.

The Flight of Icarus

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Publisher : Bloomsbury Publishing
ISBN 13 : 1509933824
Total Pages : 448 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis The Flight of Icarus by : Yiannis Drossos

Download or read book The Flight of Icarus written by Yiannis Drossos and published by Bloomsbury Publishing. This book was released on 2020-12-10 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a detailed analysis of the institutional transformations brought about by the financial crisis, focusing on the institution-building course of Europe and the Constitution-bending course in several Member States. It discusses the seemingly contradictory interplay between national and European institutions and the law resulting from the crisis, arguing that the anti-crisis exceptionality constitutes the matrix of the new normality of the reformed European economic governance. The author carries out a critical analysis of the new economic governance and its case-law with regular reference to relevant political episodes, key economic figures and to the hitherto lax modes and rules. The author also offers deep insights into the Greek adjustment programme and the crisis-related Greek and Portuguese constitutional case-law, presented in comparison with the German and French case-law. The book concludes with a critical overview of the profound mutations in the role of national Constitutions, instigated by the new European economic governance, and the emergence of a democratically deficient meta-constitutional mode of functioning of both the European institutions and national Constitutions.

Benford's Law

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Publisher : John Wiley & Sons
ISBN 13 : 1118286863
Total Pages : 352 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Benford's Law by : Mark J. Nigrini

Download or read book Benford's Law written by Mark J. Nigrini and published by John Wiley & Sons. This book was released on 2012-03-09 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful new tool for all forensic accountants, or anyone whoanalyzes data that may have been altered Benford's Law gives the expected patterns of the digits in thenumbers in tabulated data such as town and city populations orMadoff's fictitious portfolio returns. Those digits, in unaltereddata, will not occur in equal proportions; there is a large biastowards the lower digits, so much so that nearly one-half of allnumbers are expected to start with the digits 1 or 2. Thesepatterns were originally discovered by physicist Frank Benford inthe early 1930s, and have since been found to apply to alltabulated data. Mark J. Nigrini has been a pioneer in applyingBenford's Law to auditing and forensic accounting, even before hisgroundbreaking 1999 Journal of Accountancy article introducing thisuseful tool to the accounting world. In Benford's Law, Nigrinishows the widespread applicability of Benford's Law and itspractical uses to detect fraud, errors, and other anomalies. Explores primary, associated, and advanced tests, all describedwith data sets that include corporate payments data and electiondata Includes ten fraud detection studies, including vendor fraud,payroll fraud, due diligence when purchasing a business, and taxevasion Covers financial statement fraud, with data from Enron, AIG,and companies that were the target of hedge fund short sales Looks at how to detect Ponzi schemes, including data on Madoff,Waxenberg, and more Examines many other applications, from the Clinton tax returnsand the charitable gifts of Lehman Brothers to tax evasion andnumber invention Benford's Law has 250 figures and uses 50 interestingauthentic and fraudulent real-world data sets to explain boththeory and practice, and concludes with an agenda and directionsfor future research. The companion website adds additionalinformation and resources.

Risk Management in Emerging Markets

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1786354519
Total Pages : 752 pages
Book Rating : 4.7/5 (863 download)

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Book Synopsis Risk Management in Emerging Markets by :

Download or read book Risk Management in Emerging Markets written by and published by Emerald Group Publishing. This book was released on 2016-10-04 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses three main dimensions of risk management in emerging markets: 1) the effectiveness of risk management practices; 2) current issues and challenges in risk assessment and modelling in emerging market countries; 3) the responses of emerging markets to the recent financial crises and the design of risk management models.

Quantitative Methods in Economics and Finance

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Author :
Publisher : MDPI
ISBN 13 : 3036505369
Total Pages : 164 pages
Book Rating : 4.0/5 (365 download)

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Book Synopsis Quantitative Methods in Economics and Finance by : Tomas Kliestik

Download or read book Quantitative Methods in Economics and Finance written by Tomas Kliestik and published by MDPI. This book was released on 2021-04-08 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the Special Issue “Quantitative Methods in Economics and Finance” of the journal Risks was to provide a collection of papers that reflect the latest research and problems of pricing complex derivates, simulation pricing, analysis of financial markets, and volatility of exchange rates in the international context. This book can be used as a reference for academicians and researchers who would like to discuss and introduce new developments in the field of quantitative methods in economics and finance and explore applications of quantitative methods in other business areas.

Gambling Debt

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Publisher : University Press of Colorado
ISBN 13 : 145718849X
Total Pages : 341 pages
Book Rating : 4.4/5 (571 download)

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Book Synopsis Gambling Debt by : E. Paul Durrenberger

Download or read book Gambling Debt written by E. Paul Durrenberger and published by University Press of Colorado. This book was released on 2014-12-04 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gambling Debt is a game-changing contribution to the discussion of economic crises and neoliberal financial systems and strategies. Iceland’s 2008 financial collapse was the first case in a series of meltdowns, a warning of danger in the global order. This full-scale anthropology of financialization and the economic crisis broadly discusses this momentous bubble and burst and places it in theoretical, anthropological, and global historical context through descriptions of the complex developments leading to it and the larger social and cultural implications and consequences. Chapters from anthropologists, sociologists, historians, economists, and key local participants focus on the neoliberal policies—mainly the privatization of banks and fishery resources—that concentrated wealth among a select few, skewed the distribution of capital in a way that Iceland had never experienced before, and plunged the country into a full-scale economic crisis. Gambling Debt significantly raises the level of understanding and debate on the issues relevant to financial crises, painting a portrait of the meltdown from many points of view—from bankers to schoolchildren, from fishers in coastal villages to the urban poor and immigrants, and from artists to philosophers and other intellectuals. This book is for anyone interested in financial troubles and neoliberal politics as well as students and scholars of anthropology, sociology, economics, philosophy, political science, business, and ethics. Publication supported in part by the National Science Foundation.

Maritime Economics

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Publisher : Routledge
ISBN 13 : 1134742673
Total Pages : 597 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Maritime Economics by : Alan Branch

Download or read book Maritime Economics written by Alan Branch and published by Routledge. This book was released on 2013-04-15 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now in its second edition Maritime Economics provides a valuable introduction to the organisation and workings of the global shipping industry. The author outlines the economic theory as well as many of the operational practicalities involved. Extensively revised for the new edition, the book has many clear illustrations and tables. Topics covered include: * an overview of international trade * Maritime Law * economic organisation and principles * financing ships and shipping companies * market research and forecasting.

An Introduction to Benford's Law

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Publisher : Princeton University Press
ISBN 13 : 0691163065
Total Pages : 256 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis An Introduction to Benford's Law by : Arno Berger

Download or read book An Introduction to Benford's Law written by Arno Berger and published by Princeton University Press. This book was released on 2015-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the first comprehensive treatment of Benford's law, the surprising logarithmic distribution of significant digits discovered in the late nineteenth century. Establishing the mathematical and statistical principles that underpin this intriguing phenomenon, the text combines up-to-date theoretical results with overviews of the law’s colorful history, rapidly growing body of empirical evidence, and wide range of applications. An Introduction to Benford’s Law begins with basic facts about significant digits, Benford functions, sequences, and random variables, including tools from the theory of uniform distribution. After introducing the scale-, base-, and sum-invariance characterizations of the law, the book develops the significant-digit properties of both deterministic and stochastic processes, such as iterations of functions, powers of matrices, differential equations, and products, powers, and mixtures of random variables. Two concluding chapters survey the finitely additive theory and the flourishing applications of Benford’s law. Carefully selected diagrams, tables, and close to 150 examples illuminate the main concepts throughout. The text includes many open problems, in addition to dozens of new basic theorems and all the main references. A distinguishing feature is the emphasis on the surprising ubiquity and robustness of the significant-digit law. This text can serve as both a primary reference and a basis for seminars and courses.

Building State Capability

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Publisher : Oxford University Press
ISBN 13 : 0198747489
Total Pages : 276 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Building State Capability by : Matt Andrews

Download or read book Building State Capability written by Matt Andrews and published by Oxford University Press. This book was released on 2017 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction : the "long voyage of discovery" -- The big stuck in state capability -- Looking like a state : the seduction of isomorphic mimicry -- Premature load bearing : doing too much too soon -- Capability for policy implementation -- What type of organization capability is needed? -- The challenge of building (real) state capability for implementation -- Doing problem-driven work -- The searchframe : doing experimental iterations -- Managing your authorizing environment -- Building state capability at scale through groups.

Political Consumerism

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Publisher : Cambridge University Press
ISBN 13 : 1107010098
Total Pages : 381 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Political Consumerism by : Dietlind Stolle

Download or read book Political Consumerism written by Dietlind Stolle and published by Cambridge University Press. This book was released on 2013-08-26 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political Consumerism captures the creative ways in which consumers and citizens turn to the market as their arena for politics. This book theorizes, describes, analyzes, compares, and evaluates how political consumers target corporations to solve globalized problems. It demonstrates the reconfiguration of civic engagement, political participation, and citizenship. Unlike other studies, this book also evaluates if and how consumer actions are or can become effective mechanisms of global change.

A Study of Quality Management of Official Statistics in China

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Publisher : Springer Nature
ISBN 13 : 9813366028
Total Pages : 225 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis A Study of Quality Management of Official Statistics in China by : Wuyi Zeng

Download or read book A Study of Quality Management of Official Statistics in China written by Wuyi Zeng and published by Springer Nature. This book was released on 2022-01-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on how to improve the quality management of official statistics in China. Official statistics help to build an overview of China’s social and economic development and play an important role in policymaking for government as well as in decision-making for enterprises. Because of the great value in reference, the quality of official statistics also constitutes the concern from the public. This book summarizes three levels for understanding the concept of the quality of official statistics and analyzes possible affections from social and economic environment, political and management perspectives. Government statistical data is an important information reflecting China’s economic and social development, an important tool for Party committees at all levels, governments, enterprises and the public to understand and grasp China’s economic operation and social development, an important basis for Party committees and governments at all levels to conduct economic and social management and decision-making and an important reference for enterprises and the public to make decisions on production, operation, investment and consumption. Therefore, the government, enterprises and the public at all levels are demanding more and more government statistics. Accordingly, the quality of government statistical data is becoming more and more important, because it concerns the objectivity and accuracy of government statistical data, the scientificity of economic and social management, the decision-making of Party committees, the correctness of production, operation, investment and consumption decisions of enterprises and the public. Therefore, the quality of government statistical data is extremely important, which is not only the focus of social concern, but also the core issue of government statistics.

The Earth's Inner Core

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Publisher : Cambridge University Press
ISBN 13 : 1107037301
Total Pages : 237 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis The Earth's Inner Core by : Hrvoje Tkalčić

Download or read book The Earth's Inner Core written by Hrvoje Tkalčić and published by Cambridge University Press. This book was released on 2017-02-02 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first comprehensive review of past and contemporary research on the Earth's inner core from a seismological perspective. Providing a detailed account of how seismology is used in inner core research, and suggesting avenues for further study, it is an essential resource for researchers and students studying seismology and deep Earth processes.

(Dys-)Functionalities of Corruption

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Publisher : Springer Science & Business Media
ISBN 13 : 3658046333
Total Pages : 267 pages
Book Rating : 4.6/5 (58 download)

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Book Synopsis (Dys-)Functionalities of Corruption by : Tobias Debiel

Download or read book (Dys-)Functionalities of Corruption written by Tobias Debiel and published by Springer Science & Business Media. This book was released on 2013-12-16 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corruption is usually understood as hampering political development, economic growth and democratic participation of citizens, but comparing the effects of corruption for different political regimes presents astonishingly complex findings. The ongoing persistence of corruption underlines that it is not only dysfunctional, but can be highly functional as well. This special issue brings together contributions from comparative politics, political science and economics which precisely focus on these (dys) functionalities of corruption in political regimes across various world regions. The question of methodological pluralism is especially important for studying corruption comparatively. While on an international level a trend towards an increased use of quantitative methods in political science as well as in economics can be observed, the special issue underlines the importance of having a pluralistic approach for grasping the complex and multi-layered effects of the phenomenon. Of similar importance is the adoption of a comparative perspective that includes different world regions in order to understand the different roles of corruption in developing, transforming and developed countries alike. Dr. Tobias Debiel is Director of the Centre for Global Cooperation Research and of the Institute for Development and Peace (INEF). Since 2006, he is also Professor in International Relations and Development Policy, Institute of Political Science, University of Duisburg-Essen. Dr. Andrea Gawrich is Professor for International Integration at the University of Gießen.

Environmental Hydrology, Second Edition

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Publisher : CRC Press
ISBN 13 : 9781566706162
Total Pages : 514 pages
Book Rating : 4.7/5 (61 download)

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Book Synopsis Environmental Hydrology, Second Edition by : Andy D. Ward

Download or read book Environmental Hydrology, Second Edition written by Andy D. Ward and published by CRC Press. This book was released on 2003-12-18 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: The technological advances of recent years include the emergence of new remote sensing and geographic information systems that are invaluable for the study of wetlands, agricultural land, and land use change. Students, hydrologists, and environmental engineers are searching for a comprehensive hydrogeologic overview that supplements information on hydrologic processes with data on these new information technology tools. Environmental Hydrology, Second Edition builds upon the foundation of the bestselling first edition by providing a qualitative understanding of hydrologic processes while introducing new methods for quantifying hydrologic parameters and processes. Written by authors with extensive multidisciplinary experience, the text first discusses the components of the hydrologic cycle, then follows with chapters on precipitation, stream processes, human impacts, new information system applications, and numerous other methods and strategies. By updating this thorough text with the newest analytical tools and measurement methodologies in the field, the authors provide an ideal reference for students and professionals in environmental science, hydrology, soil science, geology, ecological engineering, and countless other environmental fields.