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Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

    • The Management of Equity Investments

      • 1st Edition
      • December 15, 2004
      • Dimitris N. Chorafas
      • English
      • Hardback
        9 7 8 0 7 5 0 6 6 4 5 6 1
      • eBook
        9 7 8 0 0 8 0 4 5 6 3 6 2
      The Management of Investments is based on an extensive research project done by the author in 2003 and 2004, in the United States, England, Germany, France, Italy and Switzerland.The author outlines the rules behind the able management of investments by private individuals, banks, and institutional investors. These rules are examined within the perspective of each entity's goals and challenges. Based on research results and on his own experience, the author demonstrates that shareholder value is usually being paid lip service. As far as investment results are concerned, there are serious risks associated to leveraging, near-sighted management, obsolescence of skills and dubious deals.But there are also investment rules which, when observed, help in avoiding the slippery path which ends with investors losing their capital. To help in explaining these rules, the book outlines the way capital markets work, equity research is done, and risks associated to biases. It also pays attention to forces propelling economic growth – or downturn. Growth is usually dictated by the customer, but the customer is influenced by market psychology, liquidity, volatility, and prospects of the product or financial instrument he contemplates to buy. Case studies on instruments in the book examine equities, interest rates and exchange rates. The text also analyzes the role played by hedge funds and their strategies, as well as risks associated to alternative investments.
    • Credit Risk Management

      • 1st Edition
      • September 23, 2004
      • Andrew Fight
      • English
      • Paperback
        9 7 8 0 7 5 0 6 5 9 0 3 1
      • eBook
        9 7 8 0 0 8 0 4 7 2 4 0 9
      Credit Risk Management will enable general bankers, staff, and credit analyst trainees to understand the basic information and principles underlying credit risk evaluation, and to use those underlying principles to undertake an analysis of non financial and financial risks when preparing a credit proposal. Since the best loans are the ones that do not present problems during the repayment phase, the authors also focus on elements relating to the proactive management of those loans during their inception.This book introduces:*Credit analysis, approval and management processes*Concepts of financial and non-financial risk*Financial statement analysis, including the use of ratio anaylsis*Cash flow analysis and forecasting*Security enhancement & management procedures designed to legally & financially manage credit risk
    • Road Pricing

      • 1st Edition
      • Volume 9
      • July 1, 2004
      • Georgina Santos
      • English
      • Hardback
        9 7 8 0 7 6 2 3 0 9 6 8 9
      • eBook
        9 7 8 0 0 8 0 5 4 5 4 6 2
      Traffic congestion affects towns and cities everywhere and in some places it is regarded as one of the most urgent and important problems in need of a solution. Road pricing is undoubtedly recognised as an effective traffic demand management tool. The recent London congestion charging scheme seems to be showing that public and political opposition is not insurmountable. Thus, the ghost that prevented the introduction of a policy supported by transport economists for over 80 years seems to have disappeared or at least, weakened.The book contains twelve papers useful to different types of audience, such as researchers and postgraduate students, civil servants, policy makers and consultants. The first part is mainly theoretical and concentrates on second-best congestion pricing including pricing in urban contexts, the impact on the performance of the road network, optimal locations and charge levels, dynamic aspects such as time variation of tolls, potential impacts of road pricing on costs and service quality of public transport buses, and efficiency costs and transport sector effects of different types of pricing when they guarantee a balanced budget per mode.The second part contains chapters that describe the schemes in place around the world such as Singapore, Norway, London, and the US. The volume is an update of the state of the art on the subject and the first one to have been written and appear after the London scheme was implemented and to contain an assessment of its preliminary impacts.
    • Syndicated Lending

      • 1st Edition
      • September 23, 2004
      • Andrew Fight
      • English
      • Paperback
        9 7 8 0 7 5 0 6 5 9 0 7 9
      • eBook
        9 7 8 0 0 8 0 4 8 1 2 8 9
      Syndicated Lending aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated Loan market.This book covers:*Who the major players in the syndication loan market are*Why syndication loans are used*Syndication loan structures and documentation*Second... syndication loan market
    • Understanding Credit Derivatives and Related Instruments

      • 1st Edition
      • December 6, 2004
      • Antulio N. Bomfim
      • English
      • Hardback
        9 7 8 0 1 2 1 0 8 2 6 5 9
      • eBook
        9 7 8 0 0 8 0 4 8 1 4 8 7
      The global credit derivatives market is estimated to have grown from virtually nothing in the early 1990s to over $2 trillion dollars. Although still relatively young, the credit derivatives market has already developed to the point where one can characterize its evolution in terms of developments in its various segments, such as the market for single-name credit derivatives or the market for credit derivatives written on sovereign credits.Understandin... Credit Derivatives offers a comprehensive introduction to the credit derivatives market. Rather than presenting a highly technical exploration of the subject, it offers intuitive and rigorous summaries of the major subjects and the principal perspectives associated with them. The centerpiece is pricing and valuation issues, especially discussions of different valuation tools and their use in credit models.
    • Inequality: Structures, Dynamics and Mechanisms

      • 1st Edition
      • Volume 21
      • December 4, 2004
      • Arne L. Kalleberg + 3 more
      • English
      • Hardback
        9 7 8 0 7 6 2 3 1 1 4 0 8
      • eBook
        9 7 8 0 0 8 0 4 7 4 2 3 6
      Aage Sorensen was an influential intellectual presence who was one of the world's leading authorities on social stratification and the sociology of education. His research sought to understand the structures, dynamics and mechanisms that underlie inequalities in industrial societies by focusing on how individuals' attainments are shaped by characteristics of a society's or organization's opportunity structure, on the one hand, and individuals' education, experience and other human capital resources, on the other. He emphasized inequalities associated with education and schooling, class, and stratification outcomes such as income and occupational status. Within these general foci, he tackled the study of phenomena as diverse as rates of learning in elementary school reading groups and promotion patterns in large industrial corporations. The chapters of this volume illustrate some of the major themes that characterized Aage's research; these topics are also likely to constitute important concerns for future efforts to understand structured social inequality in society. These themes include: the development of explicit dynamic models to account for observed patterns of education, career, and labor market outcomes; aspects of educational inequality such as school effects and learning opportunities; issues related to intragenerational mobility and careers; and the role of rents in generating structural inequality.
    • Neural Networks in Finance

      • 1st Edition
      • December 22, 2004
      • Paul D. McNelis
      • English
      • Hardback
        9 7 8 0 1 2 4 8 5 9 6 7 8
      • eBook
        9 7 8 0 0 8 0 4 7 9 6 5 1
      This book explores the intuitive appeal of neural networks and the genetic algorithm in finance. It demonstrates how neural networks used in combination with evolutionary computation outperform classical econometric methods for accuracy in forecasting, classification and dimensionality reduction. McNelis utilizes a variety of examples, from forecasting automobile production and corporate bond spread, to inflation and deflation processes in Hong Kong and Japan, to credit card default in Germany to bank failures in Texas, to cap-floor volatilities in New York and Hong Kong.
    • Profile of the International Valve Industry: Market Prospects to 2009

      • 1st Edition
      • December 2, 2004
      • Graham Weaver
      • English
      • Paperback
        9 7 8 1 8 5 6 1 7 4 4 3 5
      • eBook
        9 7 8 0 0 8 0 5 1 5 0 8 3
      This revised and updated 3rd edition outlines the structure of the global industry and future trends, highlights issues facing the industrial valve industry, assesses market and technological trends, offers market figures and forecasts to 2009 and identifies the major players.The report also provides a detailed overview of merger and acquisition activity in the industrial valve industry since 2000.
    • The World Sugar Market

      • 1st Edition
      • July 1, 2004
      • Sergey Gudoshnikov + 2 more
      • English
      • Hardback
        9 7 8 1 8 5 5 7 3 4 7 2 2
      • eBook
        9 7 8 1 8 4 5 6 9 0 0 4 5
      Since the first book published by Woodhead on the global sugar business (The international sugar trade) was released in 1996, the world sugar market has undergone fundamental change. Over the past decade the industry’s key economic and policy drivers have created a new regional distribution of sugar production that has had an enormous impact on the price finding process as well as changing the type of sugar on offer to the world market. Brazil has become a dominant supplier whilst Cuba’s production has collapsed to the pre World War One level; Russia has become the world’s greatest importer and structural surpluses have seen stocks rise to historic highs and the world price fall to a level below the production costs of some of the most competitive exporters.The world sugar market focuses on these changes by identifying, describing and assessing the key industry drivers and their future potential impact on the market. Part one provides an overview – covering the history of sugar production and consumption, cultivation of beet and cane and the current state of the market for sugar and alternative sweeteners. Part two focuses on identifying, describing and assessing the key market drivers, both economic and political, on sugar demand. Part is devoted to a similar analysis of sugar supply, whilst part four covers the future for the sugar markets.The world sugar market is aimed at a wide audience from the sugar specialist looking for in-depth information on a specific topic to the newcomer needing to gain an overview of the current state-of-play and future for the world sugar market. The book is published in collaboration with the International Sugar Organization whose statistics and studies are used extensively throughout.
    • Research in Accounting Regulation

      • 1st Edition
      • Volume 17
      • September 17, 2004
      • Gary Previts + 1 more
      • English
      • Hardback
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      • Paperback
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      The scope of service provided by professional accountants is influenced by legislation and case law as well as the dictates of a variety of government and private sector agencies: including State Boards of Accountancy, Academic Accreditation Bodies, the United States Securities and Exchange Commission, the Public Company Accounting Oversight Board, independent standard setting bodies such as the Federal Accounting Standards Advisory Board (US), the Financial Accounting Standards Board (US), the International Accounting Standards Board and self-regulatory organizations such as State Societies of CPA and the American Institute of Certified Public Accountants. There are equivalent and emerging local international bodies that exist in most developed countries. It is important for academics, students, practitioners, regulators and researchers to consider, study and understand the role and relationship of such bodies with the practice and content of our discipline.Research in Accounting Regulation is a refereed annual serial that seeks to publish high quality manuscripts, which address regulatory issues and policy affecting the practice of accountancy, broadly defined. Topics of interest include research based on: 1) Self-regulatory activities. 2) Case law and litigation. 3) Governmental and quasi-governmental regulation. 4) The economics of regulation, including modelling.This research series aims to encourage the submission of original empirical, behavioural or applied research manuscripts that consider strategic and policy implications for regulation, regulatory models and markets. It is intended for individual researchers, practitioners, regulators and students of accountancy who desire to increase their understanding of the regulation of accountancy.