Rethinking Valuation and Pricing Models

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Publisher : Academic Press
ISBN 13 : 0124158757
Total Pages : 658 pages
Book Rating : 4.1/5 (241 download)

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Book Synopsis Rethinking Valuation and Pricing Models by : Carsten Wehn

Download or read book Rethinking Valuation and Pricing Models written by Carsten Wehn and published by Academic Press. This book was released on 2012-11-08 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely acknowledged that many financial modelling techniques failed during the financial crisis, and in our post-crisis environment many techniques are being reconsidered. This single volume provides a guide to lessons learned for practitioners and a reference for academics. Including reviews of traditional approaches, real examples, and case studies, contributors consider portfolio theory; methods for valuing equities and equity derivatives, interest rate derivatives, and hybrid products; and techniques for calculating risks and implementing investment strategies. Describing new approaches without losing sight of their classical antecedents, this collection of original articles presents a timely perspective on our post-crisis paradigm. Highlights pre-crisis best classical practices, identifies post-crisis key issues, and examines emerging approaches to solving those issues Singles out key factors one must consider when valuing or calculating risks in the post-crisis environment Presents material in a homogenous, practical, clear, and not overly technical manner

Derivatives and Hedge Funds

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Publisher : Springer
ISBN 13 : 1137554177
Total Pages : 416 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis Derivatives and Hedge Funds by : Stephen Satchell

Download or read book Derivatives and Hedge Funds written by Stephen Satchell and published by Springer. This book was released on 2016-05-18 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last 20 years hedge funds and derivatives have fluctuated in reputational terms; they have been blamed for the global financial crisis and been praised for the provision of liquidity in troubled times. Both topics are rather under-researched due to a combination of data and secrecy issues. This book is a collection of papers celebrating 20 years of the Journal of Derivatives and Hedge Funds (JDHF). The 18 papers included in this volume represent a small sample of influential papers included during the life of the Journal, representing industry-orientated research in these areas. With a Preface from co-editor of the journal Stephen Satchell, the first part of the collection focuses on hedge funds and the second on markets, prices and products.

Financial Trading and Investing

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Publisher : Academic Press
ISBN 13 : 0323984452
Total Pages : 572 pages
Book Rating : 4.3/5 (239 download)

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Book Synopsis Financial Trading and Investing by : John L. Teall

Download or read book Financial Trading and Investing written by John L. Teall and published by Academic Press. This book was released on 2022-07-09 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Trading and Investing, Third Edition provides a useful introduction to trading and market microstructure for advanced undergraduate as well as master’s students. Without demanding a background in econometrics, the book explores alternative markets and highlights recent regulatory developments, implementations, institutions and debates. The text offers explanations of controversial trading tactics (and blunders) such as high-frequency trading, dark liquidity pools, fat fingers, insider trading and flash orders, emphasizing links between the history of financial regulation and events in financial markets. It includes coverage of valuation and hedging techniques, particularly with respect to fixed income and derivative securities. The text adds a chapter on financial utilities and institutions that provide support services to traders and updates regulatory matters. Combining theory and application, this book provides a practical beginner's introduction to today's investment tools and markets with a special emphasis on trading. Concentrates on trading, trading institutions, markets and the institutions that facilitate and regulate trading activities Introduces foundational topics relating to trading and securities markets, including auctions, market microstructure, the roles of information and inventories, behavioral finance, market efficiency, risk, arbitrage, trading technology, trading regulation and ECNs Covers market and technology advances and innovations, such as execution algo trading, Designated Market Makers (DMMs), Supplemental Liquidity Providers (SLPs), and the Super Display Book system (SDBK) Includes improved pedagogical supplements, including end-of-chapter questions with detailed solutions at the end of the text, and useful appendices Student resources available online: https://www.elsevier.com/books-and-journals/book-companion/9780323909556 Instructor resources available for request by qualified professors: https://educate.elsevier.com/9780323909556

Non-Performing Loans and Resolving Private Sector Insolvency

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Author :
Publisher : Springer
ISBN 13 : 3319503138
Total Pages : 452 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Non-Performing Loans and Resolving Private Sector Insolvency by : Platon Monokroussos

Download or read book Non-Performing Loans and Resolving Private Sector Insolvency written by Platon Monokroussos and published by Springer. This book was released on 2017-07-26 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the issue of private sector over-indebtedness following the recent financial crisis. It addresses the various challenges for policymakers, investors and economic agents affected by applied remedial policies as the private non-financial sector in Europe continues to face increased challenges in servicing its debt, with the problem mainly concentrated in several countries in the EU periphery and Eastern Europe. Chapters from expert contributors address reduced investment as firms concentrate on deleveraging and repairing their balance sheets, curtailed consumer spending, depressed collateral values and weak credit creation. They examine effective policies to facilitate private sector debt restructuring which may involve significant upfront costs in terms of time to implement and committed budgetary resources, as well as necessary reforms required to improve the broader institutional framework and judicial capacity. The book also explores the issue of over indebtedness in the household sector, contributing to the literature in establishing best practice principles for household debt.

The Missing Billionaires

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Publisher : John Wiley & Sons
ISBN 13 : 1119747929
Total Pages : 423 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis The Missing Billionaires by : Victor Haghani

Download or read book The Missing Billionaires written by Victor Haghani and published by John Wiley & Sons. This book was released on 2023-08-28 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Economist Best Book of the Year "Making Money and Keeping It" – The Wall Street Journal Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn’t choose bad investments– they sized them incorrectly– and allowed their spending decisions to amplify this mistake. The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for readers with a baseline level of financial literacy, but doesn’t require a PhD. It fills the gap between personal finance books and the academic literature, bringing the valuable insights of academic finance to non-specialists. Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving and spending decisions. Part Three covers practical implementation details, including how to calibrate your personal level of risk-aversion, and how to estimate the expected return and risk on a broad spectrum of investments. The book is packed with case studies and anecdotes, including one about Victor’s investment with LTCM as a partner, and a bonus chapter on Liar’s Poker. The authors draw extensively on their own experiences as principals of Elm Wealth, a multi-billion-dollar wealth management practice, and prior to that on their years as arbitrage traders– Victor at Salomon Brothers and LTCM, and James at Nationsbank/CRT and Citadel. Whether you are young and building wealth, an entrepreneur invested heavily in your own business, or at a stage where your primary focus is investing and spending, The Missing Billionaires: A Guide to Better Financial Decisions is your must-have resource for thoughtful financial decision-making.

The Maze of Banking

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Publisher : Oxford University Press, USA
ISBN 13 : 0190204834
Total Pages : 690 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The Maze of Banking by : Gary Gorton

Download or read book The Maze of Banking written by Gary Gorton and published by Oxford University Press, USA. This book was released on 2015 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises must be studied in the context of history. The Maze of Banking is a collection of academic papers by Gary Gorton---an expert on the financial crisis of 2007-2008---on the history and analysis of banks, banking, and financial crises spanning the past 175 years. These papers provide the framework for understanding how the financial crisis of 2007-2008 developed and what can be done to promote a stabile banking industry and prevent future economic crises.

The Oxford Handbook of Thinking and Reasoning

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Publisher : Oxford University Press, USA
ISBN 13 : 0199313792
Total Pages : 865 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Oxford Handbook of Thinking and Reasoning by : Keith J. Holyoak

Download or read book The Oxford Handbook of Thinking and Reasoning written by Keith J. Holyoak and published by Oxford University Press, USA. This book was released on 2013-05-23 with total page 865 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Thinking and Reasoning brings together the contributions of many of the leading researchers in thinking and reasoning to create the most comprehensive overview of research on thinking and reasoning that has ever been available.

Saving Capitalism from the Capitalists

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Publisher : Crown Currency
ISBN 13 : 1400049164
Total Pages : 384 pages
Book Rating : 4.4/5 ( download)

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Book Synopsis Saving Capitalism from the Capitalists by : Raghuram Rajan

Download or read book Saving Capitalism from the Capitalists written by Raghuram Rajan and published by Crown Currency. This book was released on 2003-02-18 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism’s biggest problem is the executive in pinstripes who extols the virtues of competitive markets with every breath while attempting to extinguish them with every action. Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. They are the catalyst for inspiring human ingenuity and spreading prosperity. The perception of many, especially in the wake of never-ending corporate scandals, is that financial markets are parasitic institutions that feed off the blood, sweat, and tears of the rest of us. The reality is far different. •Vibrant financial markets threaten the sclerotic corporate establishment and increase corporate mobility and opportunity. They are the reason why entrepreneurship flourishes and companies like The Home Depot and Wal-Mart—mere fly specks a quarter of a century ago—have surged as they have. •They mean personal freedom and economic development for more people. Throughout history, and in most of the world today, the record is one of financial oppression. Elites restrict access to capital and severely limit not only general economic development but that of individuals as well. •Open borders help check the political and economic elites and preserve competitive markets. The greatest danger of the antiglobalization movement is that it will keep the rich rich and the poor poor. Globalization forces countries to do what is necessary to make their economies productive, not what is best for incumbent elites. Open borders limit the ability of domestic politics to close down competition and to retard financial and economic growth. •Markets are especially susceptible in economic downturns when the establishment can exploit public anger to restrict competition and access to capital. While markets must be free to practice “creative destruction,” Rajan and Zingales demonstrate the political and economic importance of a sustainable distribution of wealth and a baseline safety net. Capitalism needs a heart for its own good! There are no iron laws of economics that condemn countries like Bangladesh to perpetual poverty or the United States to perpetual prosperity. The early years of the twentieth century saw vibrant, open financial markets that were creating widespread prosperity. Then came the “Great Reversal” during the Great Depression. It can—and will—happen again, unless there is greater understanding of what markets do, who benefits, and who really wants to either limit them or shut them down. Saving Capitalism from the Capitalists breaks free of traditional ideological arguments of the right and left and points to a new way of understanding and spreading the extraordinary wealth-generating capabilities of capitalism.

Financial Markets Theory

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Publisher : Springer
ISBN 13 : 1447173228
Total Pages : 843 pages
Book Rating : 4.4/5 (471 download)

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Book Synopsis Financial Markets Theory by : Emilio Barucci

Download or read book Financial Markets Theory written by Emilio Barucci and published by Springer. This book was released on 2017-06-08 with total page 843 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work, now in a thoroughly revised second edition, presents the economic foundations of financial markets theory from a mathematically rigorous standpoint and offers a self-contained critical discussion based on empirical results. It is the only textbook on the subject to include more than two hundred exercises, with detailed solutions to selected exercises. Financial Markets Theory covers classical asset pricing theory in great detail, including utility theory, equilibrium theory, portfolio selection, mean-variance portfolio theory, CAPM, CCAPM, APT, and the Modigliani-Miller theorem. Starting from an analysis of the empirical evidence on the theory, the authors provide a discussion of the relevant literature, pointing out the main advances in classical asset pricing theory and the new approaches designed to address asset pricing puzzles and open problems (e.g., behavioral finance). Later chapters in the book contain more advanced material, including on the role of information in financial markets, non-classical preferences, noise traders and market microstructure. This textbook is aimed at graduate students in mathematical finance and financial economics, but also serves as a useful reference for practitioners working in insurance, banking, investment funds and financial consultancy. Introducing necessary tools from microeconomic theory, this book is highly accessible and completely self-contained. Advance praise for the second edition: "Financial Markets Theory is comprehensive, rigorous, and yet highly accessible. With their second edition, Barucci and Fontana have set an even higher standard!"Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University "This comprehensive book is a great self-contained source for studying most major theoretical aspects of financial economics. What makes the book particularly useful is that it provides a lot of intuition, detailed discussions of empirical implications, a very thorough survey of the related literature, and many completely solved exercises. The second edition covers more ground and provides many more proofs, and it will be a handy addition to the library of every student or researcher in the field."Jaksa Cvitanic, Richard N. Merkin Professor of Mathematical Finance, Caltech "The second edition of Financial Markets Theory by Barucci and Fontana is a superb achievement that knits together all aspects of modern finance theory, including financial markets microstructure, in a consistent and self-contained framework. Many exercises, together with their detailed solutions, make this book indispensable for serious students in finance."Michel Crouhy, Head of Research and Development, NATIXIS

Vocational Division Bulletin

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Publisher :
ISBN 13 :
Total Pages : 994 pages
Book Rating : 4.:/5 (3 download)

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Book Synopsis Vocational Division Bulletin by :

Download or read book Vocational Division Bulletin written by and published by . This book was released on 1941 with total page 994 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Complex Systems, Multi-Sided Incentives and Risk Perception in Companies

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Author :
Publisher : Springer Nature
ISBN 13 : 1137447044
Total Pages : 849 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis Complex Systems, Multi-Sided Incentives and Risk Perception in Companies by : Michael I.C. Nwogugu

Download or read book Complex Systems, Multi-Sided Incentives and Risk Perception in Companies written by Michael I.C. Nwogugu and published by Springer Nature. This book was released on 2019-09-06 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most research about financial stability and sustainable growth focuses on the financial sector and macroeconomics and neglects the real sector, microeconomics and psychology issues. Real-sector and financial-sectors linkages are increasing and are a foundation of economic/social/environmental/urban sustainability, given financial crises, noise, internet, “transition economics”, disintermediation, demographics and inequality around the world. Within complex systems theory framework, this book analyses some multi-sided mechanisms and risk-perception that can have symbiotic relationships with financial stability, systemic risk and/or sustainable growth. Within the context of Regret Minimization, MN-Transferable Utility and WTAL, new theories-of-the-firm are developed that consider sustainable growth, price stability, globalization, financial stability and birth-to-death evolutions of firms. This book introduces new behaviour theories pertaining to real estate and intangibles, which can affect the evolutions of risk-taking and risk perception within organizations and investment entities. The chapters address elements of the dilemma of often divergent risk perceptions of, and risk-taking by corporate executives, regulators and investment managers.

Publications

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Publisher :
ISBN 13 :
Total Pages : 1120 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Publications by : United States. Division of Vocational Education

Download or read book Publications written by United States. Division of Vocational Education and published by . This book was released on 1942 with total page 1120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Past Perfect of Flight

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Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Past Perfect of Flight by : Marin Sorescu

Download or read book The Past Perfect of Flight written by Marin Sorescu and published by . This book was released on 2004 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Near East and North Africa – Regional Overview of Food Security and Nutrition, 2022

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Publisher : Food & Agriculture Org.
ISBN 13 : 9251377111
Total Pages : 184 pages
Book Rating : 4.2/5 (513 download)

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Book Synopsis Near East and North Africa – Regional Overview of Food Security and Nutrition, 2022 by : Food and Agriculture Organization of the United Nations

Download or read book Near East and North Africa – Regional Overview of Food Security and Nutrition, 2022 written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2023-03-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year’s report presents evidence that Arab States face significant challenges in achieving Sustainable Development Goal 2 targets related to hunger, food security, and nutrition, as undernourishment, moderate or severe food insecurity, and malnourishment are increasing. Child wasting and overweight are higher, and adult obesity is double the global average. LDCs and conflict-affected countries suffer from even more severe hunger and malnutrition, including child stunting, wasting, and women’s anaemia. The report also provides the first assessment of the cost and affordability of a healthy diet since the outbreak of the COVID-19 pandemic, which shows a growing trend in the price of nutritious diets in recent years and that more than half the Arab population cannot afford a healthy diet. The Ukraine crisis, which has triggered food shortages and increased food price inflation, further adds to the burden on the region. This year, the report focuses on how trade can enable regional food security and nutrition. Arab countries rely significantly on imports for the essential food items necessary for diverse and healthy diets that they cannot locally produce in sufficient quantities due to limited natural resource endowments. It discusses the role of trade and trade facilitation as essential enablers of all four dimensions of food security and nutrition. It also underlines how tariffs and non-tariff measures influence the economic access to food in the area. On the other hand, countries that depend on trade may become more exposed to outside shocks, as the pandemic and the Ukraine crisis have highlighted. The report assesses Arab countries’ vulnerabilities, such as import dependency and lack of supplier diversification. To reduce the exposure to such external shocks, international trade must be carefully managed, sources of imports should be diversified, and international trade relations must be expanded to include new partners and markets. The report concludes with further policy recommendations that aim for the better integration of trade into food security and nutrition policies in the region.

Journal of Banking & Finance

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Publisher :
ISBN 13 :
Total Pages : 1300 pages
Book Rating : 4.:/5 (45 download)

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Book Synopsis Journal of Banking & Finance by :

Download or read book Journal of Banking & Finance written by and published by . This book was released on 2002 with total page 1300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Role of Trade in Ending Poverty

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Publisher :
ISBN 13 : 9789287042323
Total Pages : 0 pages
Book Rating : 4.0/5 (423 download)

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Book Synopsis The Role of Trade in Ending Poverty by :

Download or read book The Role of Trade in Ending Poverty written by and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Role of Trade in Ending Poverty looks at the complex relationships between economic growth, poverty reduction and trade, and examines the challenges that poor people face in benefiting from trade opportunities. Written jointly by the World Bank Group and the WTO, the publication examines how trade could make a greater contribution to ending poverty by increasing efforts to lower trade costs, improve the enabling environment, implement trade policy in conjunction with other areas of policy, better manage risks faced by the poor, and improve data used for policy-making.

Technology and Financial Crisis: Economical and Analytical Views

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Author :
Publisher : IGI Global
ISBN 13 : 1466630078
Total Pages : 321 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Technology and Financial Crisis: Economical and Analytical Views by : Koyuncugil, Ali Serhan

Download or read book Technology and Financial Crisis: Economical and Analytical Views written by Koyuncugil, Ali Serhan and published by IGI Global. This book was released on 2013-02-28 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid improvements and constant advancements in information technology have inevitably lead to significant changes for businesses across the globe. As a result, some of these large shifts have unfortunately ended in major financial crises. Technology and Financial Crisis: Economical and Analytical Views investigates financial crises from unique points of view. Not only does this publication consider the broader economical implications that a financial crisis can have on one business or on a whole country, but it also thoroughly discusses the smaller areas which are affected or contribute to the downfall. This book is intended to be of use to the public sector, researchers, practitioners, and educators who are interested in the affects of a financial crises and possible ways to reduce such large scale problems in the future.