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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.

BooksJournals

    • The Institutional Economics of Market-Based Climate Policy

      • 1st Edition
      • Volume 7
      • August 10, 2004
      • E. Woerdman
      • English
      • Paperback
        9 7 8 0 4 4 4 5 4 5 5 7 2
      • Hardback
        9 7 8 0 4 4 4 5 1 5 7 3 5
      • eBook
        9 7 8 0 0 8 0 4 7 3 0 6 2
      The objective of this book is to analyze the institutional barriers to implementing market-based climate policy, as well as to provide some opportunities to overcome them. The approach is that of institutional economics, with special emphasis on political transaction costs and path dependence.Instead of rejecting the neoclassical approach, this book uses it where fruitful and shows when and why it is necessary to employ a new or neo-institutionalist approach. The result is that equity is considered next to efficiency, that the evolution and possible lock-in of both formal and informal climate institutions are studied, and that attention is paid to the politics and law of economic instruments for climate policy, including some new empirical analyses.The research topics of this book include the set-up costs of a permit trading system, the risk that credit trading becomes locked-in, the potential legal problem of grandfathering in terms of actional subsidies under WTO law or state aid under EC law, and the changing attitudes of various European officials towards restricting the use of the Kyoto Mechanisms.

    • Advanced Fixed Income Analysis

      • 1st Edition
      • June 8, 2004
      • Moorad Choudhry + 1 more
      • English
      • Hardback
        9 7 8 0 7 5 0 6 6 2 6 3 5
      • Paperback
        9 7 8 0 0 8 0 9 7 4 0 0 2
      • eBook
        9 7 8 0 0 8 0 4 8 8 1 8 9
      This book is aimed at experienced practitioners in the corporate bond markets and is a specialised text for investors and traders. The author relates from both personal experience as well as his own research to bring together subjects of practical importance to bond market practitioners. He introduces the latest techniques used for analysis and interpretation, including:Relative value tradingApproaches to trading and hedgingDynamic analysis of spot and forward ratesInterest rate modellingFitting the yield curveAnalysing the long bond yieldIndex-linked bond analyticsCorporate bond defaults

    • An Introduction to Credit Derivatives

      • 1st Edition
      • June 8, 2004
      • Moorad Choudhry
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 4 0 3 3
      • eBook
        9 7 8 0 0 8 0 4 7 8 7 2 2
      In a relatively short time credit derivatives have grown to become one of the largest and most important segment of the financial markets, with deal volumes now in trillions of dollars. They have become an important tool for banks, financial institutions and corporates who desire greater flexibility in managing their credit risk and economic capital. This book is an accessible introduction to the various types of credit derivative instruments traded in the markets today. All products are described with the help of worked examples and Bloomberg screens, and the reader will be left with a thorough familiarity with the nature of credit risk and credit products generally. Topics covered include:* Credit risk* Unfunded credit derivatives* Funded credit derivatives* Credit default swap pricing* The asset-swap credit default swap basis

    • Linear Factor Models in Finance

      • 1st Edition
      • December 1, 2004
      • John Knight
      • English
      • Hardback
        9 7 8 0 7 5 0 6 6 0 0 6 8
      • Paperback
        9 7 8 0 0 8 0 9 7 3 0 5 0
      • eBook
        9 7 8 0 0 8 0 4 5 5 3 2 7
      The determination of the values of stocks, bonds, options, futures, and derivatives is done by the scientific process of asset pricing, which has developed dramatically in the last few years due to advances in financial theory and econometrics. This book covers the science of asset pricing by concentrating on the most widely used modelling technique called: Linear Factor Modelling.Linear Factor Models covers an important area for Quantitative Analysts/Investment Managers who are developing Quantitative Investment Strategies. Linear factor models (LFM) are part of modern investment processes that include asset valuation, portfolio theory and applications, linear factor models and applications, dynamic asset allocation strategies, portfolio performance measurement, risk management, international perspectives, and the use of derivatives. The book develops the building blocks for one of the most important theories of asset pricing - Linear Factor Modelling. Within this framework, we can include other asset pricing theories such as the Capital Asset Pricing Model (CAPM), arbitrage pricing theory and various pricing formulae for derivatives and option prices. As a bare minimum, the reader of this book must have a working knowledge of basic calculus, simple optimisation and elementary statistics. In particular, the reader must be comfortable with the algebraic manipulation of means, variances (and covariances) of linear combination(s) of random variables. Some topics may require a greater mathematical sophistication.

    • Fiscal Health for Local Governments

      • 1st Edition
      • December 11, 2003
      • Beth Walter Honadle + 2 more
      • English
      • Paperback
        9 7 8 0 1 2 3 5 4 7 5 1 4
      • eBook
        9 7 8 0 0 8 0 4 7 2 7 8 2
      Fiscal Health for Local Governments offers a how-to approach to identifying and solving financial problems. Its principal selling point lies in its assumptions: instead of using the vocabulary and research agendas of economist, finance scholars, and political scientists, it will appeal to readers who lack sophisticated knowledge in these areas and nevertheless need practical advice. The book stems from the Fiscal Health Education Program, an applied economics program at the University of Minnesota. It uses three measures of fiscal health — financial condition, trend analysis, and financial trend monitoring system — as the basis for advocating particular fiscal strategies. The book examines the tools that can be used to assess the condition of a local government's fiscal health and some of the policy causes or remedies for certain situations, as well as some of the strategies governments can pursue to maintain and improve health. It will serve as a primer for readers interested in understanding financial processes and alternatives, and as a practical guide for those who need access to fiscal measurement tools.

    • Tech Stock Valuation

      • 1st Edition
      • June 17, 2003
      • Mark Hirschey
      • English
      • Hardback
        9 7 8 0 1 2 3 4 9 7 0 4 8
      • Paperback
        9 7 8 0 1 2 3 9 9 5 6 2 9
      • eBook
        9 7 8 0 0 8 0 4 9 2 3 3 9
      Tech Stock Valuation extends the R&D literature by providing detailed direct evidence on the market value implications of inventive and innovative output. Specifically, the text demonstrates that stock-price effects of patent output are most pronounced in the case of high-quality patents, where patent quality is measured by scientific merit. Scientific measures of patent quality give students a valuable new tool that can be used to measure R&D program effectiveness. At the same time, it gives investors a new tool to help them assess the value of hard-to-measure intangible assets. The book is an ideal resource for professionals working in finance and accounting; investment professionals and industry analysts who work for companies that engage in research and development; MBA students; economists working in industrial organizations, microeconomics, and contract theory.

    • Integrative Phytochemistry: from Ethnobotany to Molecular Ecology

      • 1st Edition
      • Volume 37
      • July 23, 2003
      • John Romeo
      • English
      • Paperback
        9 7 8 0 4 4 4 5 4 2 6 1 8
      • eBook
        9 7 8 0 0 8 0 5 3 4 8 3 1
      This monograph series is commissioned by the Phytochemical Society of North America (PSNA). The volumes in this series contain articles on developing topics of interest to scientists, students and individuals interested in recent developments in the biochemistry, chemistry and molecular biology of plants. Volume 37 concentrates on the integration of techniques to solve complex phytochemistry problems.

    • Fixed Income Mathematics

      • 1st Edition
      • May 16, 2003
      • Robert Zipf
      • English
      • Hardback
        9 7 8 0 1 2 7 8 1 7 2 1 7
      • Paperback
        9 7 8 0 1 2 3 9 9 6 2 1 3
      • eBook
        9 7 8 0 0 8 0 5 0 6 5 5 5
      Fixed Income Mathematics is an easy-to-understand introduction to the mathematics of common fixed income instruments. This book offers explanations, exercises, and examples without demanding sophisticated mathematics from the reader. Not only does the author use his business and teaching experience to highlight the fundamentals of investment and management decision-making, but he also offers questions and exercises that suggest the applicability of fixed income mathematics. Written for the reader with a general mathematics background, this self-teaching book is suffused with examples that also make it a handy reference guide. It should serve as a gateway to financial mathematics and to increased competence in business analysis. International comparisons are used to illustrate how interest is compounded. This text will be a valuable resource for professional insurance and other actuarials who invest in bonds and who are concerned with inflation, asset-liability management, the time value of money, interest rates, rates of return, risk, and investment income. It will also appeal to MBA students and anyone seeking a general introduction or overview of the subject.

    • Comprehensive Structural Integrity

      • 1st Edition
      • July 25, 2003
      • Ian Milne + 2 more
      • English
      • eBook
        9 7 8 0 0 8 0 4 9 0 7 3 1
      • eBook
        9 7 8 0 0 8 0 4 3 7 4 9 1
      The aim of this major reference work is to provide a first point of entry to the literature for the researchers in any field relating to structural integrity in the form of a definitive research/reference tool which links the various sub-disciplines that comprise the whole of structural integrity. Special emphasis will be given to the interaction between mechanics and materials and structural integrity applications. Because of the interdisciplinary and applied nature of the work, it will be of interest to mechanical engineers and materials scientists from both academic and industrial backgrounds including bioengineering, interface engineering and nanotechnology. The scope of this work encompasses, but is not restricted to: fracture mechanics, fatigue, creep, materials, dynamics, environmental degradation, numerical methods, failure mechanisms and damage mechanics, interfacial fracture and nano-technology, structural analysis, surface behaviour and heart valves. The structures under consideration include: pressure vessels and piping, off-shore structures, gas installations and pipelines, chemical plants, aircraft, railways, bridges, plates and shells, electronic circuits, interfaces, nanotechnology, artificial organs, biomaterial prostheses, cast structures, mining... and more. Case studies will form an integral part of the work.

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