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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

    • Handbook of Public Economics

      • 1st Edition
      • Volume 3
      • January 25, 2002
      • Martin Feldstein + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 8 2 3 1 4 4
      • eBook
        9 7 8 0 0 8 0 5 4 4 1 9 9
      The Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy.

    • Real R & D Options

      • 1st Edition
      • December 5, 2002
      • Dean Paxson
      • English
      • Hardback
        9 7 8 0 7 5 0 6 5 3 3 2 9
      • Paperback
        9 7 8 0 0 8 0 9 7 2 9 4 7
      • eBook
        9 7 8 0 0 8 0 4 9 7 9 7 6
      Real R&D options are among the earliest modelled real options, with now ten primary practical uses: general R&D planning, planning R&D in stages, evaluating test information, new product development timing, operations, abandonment, risk sharing, market funding, industry strategy and regulation. This book was partly motivated by requests to identify and develop real option models for R&D in telecommunications, petroleum technology and biotechnology. Nine new models cover information and implementation costs, analytical solutions for mean reverting, or fat tailed revenues, endogenous learning and exogenous and experiential shocks, American sequential options, and innovator advantages. Four new applications include forward start development options, exploration options, innovation with information costs, and innovator's real values with changing market share. R&D directors and researchers will find several uses for these models: general R&D planning evaluating test information new product development timing risk sharing industry strategy and regulation

    • REPO Handbook

      • 1st Edition
      • May 21, 2002
      • Moorad Choudhry
      • English
      • Hardback
        9 7 8 0 7 5 0 6 5 1 6 2 2
      • Paperback
        9 7 8 0 0 8 0 9 7 1 8 4 1
      • eBook
        9 7 8 0 0 8 0 5 1 6 1 2 7
      The book features an introduction to the structure and mechanics of repo, institutional practices and real-world examples. In addition the content includes necessary supplementary material such as bank asset and liability management, trading techniques, and a range of other applications of value in the global money markets.Repo markets play a pivotal role in the world's economy. The Repo Handbook is the definitive, comprehensive guide to this most important element of the global debt capital markets. It describes the use, motivations and mechanics of the repo instrument, and features invaluable coverage of specific country markets and institutions. The reader is taken through classic repo, sell/buy backs and structured repo, as well as additional products such as the total return swap and securities lending. As important is the treatment of related areas, such as money markets, banking asset & liability management and the implied repo rate, vital to a full understanding of repo. This book is the ultimate guide for bankers, repo traders and salespersons, money market participants, corporate treasurers, debt finance professionals and is organized into three parts:Part I covers the repo instrument, and examines repo mechanics and use of repo. There is also a look at selected country repo markets around the world. Part II of the book considers the institutional treatment of repo, with chapters on risk, netting, accounting, and legal issues. There is also a chapter on equity repo. Part III looks at basis trading and the implied repo rate. This includes results of original research on the gilt bond basis, presented in accessible style.

    • The International Timber Trade

      • 1st Edition
      • July 31, 2001
      • Tim Peck
      • English
      • Hardback
        9 7 8 1 8 5 5 7 3 1 9 0 5
      • eBook
        9 7 8 1 8 5 5 7 3 8 8 3 6
      Wood and wood products are essential to large areas of the world economy and yet there has until now been no single definitive reference source to which those new to or requiring a strategic overview of the industry could turn for a comprehensive picture of the market chain from forest to consumer. The international timber trade provides a detailed overview of the entire timber and timber products business.It is arranged in three sections:Chapters 1 to 3 provide a background starting with an historical perspective, an overview of the worldwide forest resource and going to examine the properties of wood, types of products, trends in production and consumption and uses.Chapters 4,5 and 6 examine the role of wood industries and wood products in the global economy and provide an overview of world trade both by commodity groups and by country, as well as a detailed analysis of the main trading patterns and the trends, both at the inter-continental and inter-regional levels.The third section, chapters 7 to 10, looks at the structure of trade, market and market-related features, environmental factors such as forestry management, sustainability and certification, waste and recycling and energy and climate change, as well as offering an outlook for the industry in the 21st century.Written by one of the leading international authorities on the timber trade, The international timber trade is essential reading for a wide range of interested groups including managers in the timber industry and trade, the financial community with interests in the sector, academics and students in forestry management and related studies, government agencies and their advisers in helping to develop policies for the sector and international trade, and finally those working in international development organisations and in national and international non-governmental bodies.

    • The International Scrap and Recycling Industry Handbook

      • 1st Edition
      • June 22, 2001
      • Vincent Rich
      • English
      • eBook
        9 7 8 1 8 5 5 7 3 8 8 0 5
      A definitive reference source to the scrap and recycling industry worldwide. It covers the major recyclable materials, from metals to plastics, paper and pulp, rubber and glass.For each material SRH provides an analysis of its physical characteristics, a description of its properties, products and end uses and information on production processes and technologies. In-depth coverage of the structure and operation of its scrap recovery and recycling sector is also included.Each material is treated in a consistent style so that the right information is quickly found and comparisons across the various materials are easy to make.SRH provides a comprehensive overview of the international scrap and recycling business at the turn of the millennium. Its clearly presented information, analysis and statistics bring the industry into sharp focus.Read SRH and find out about: How the recycling industry is developing; The economics of recycling and recovery; How markets are made and what drives them; The role of recycled materials; How regulation and legislation are affecting the future of the industry; The impact of environmental policies on the recycling industrySRH is essential reading for: Recovery and recycling industry executives; Professionals whose businesses participate in, supply or buy from, any part of the scrap and recycling industry; The finance community with investment interests in the metals or raw materials industries; Professionals concerned with the environmental impact of recycling and its regulation and legislation; Government policy makers, agencies and all those needing an introduction to the industry or a training resource for new entrants

    • Advances in Investment Analysis and Portfolio Management

      • 1st Edition
      • Volume 8
      • September 14, 2001
      • Cheng-Few Lee
      • English
      • Hardback
        9 7 8 0 7 6 2 3 0 7 9 8 2
      • eBook
        9 7 8 0 0 8 0 5 4 3 9 7 0
      This research annual publication intends to bring together investment analysis and portfolio theory and their implementation to portfolio management. It seeks theoretical and empirical research manuscripts with high quality in the area of investment and portfolio analysis. The contents will consist of original research on: The principles of portfolio management of equities and fixed-income securities. The evaluation of portfolios (or mutual funds) of common stocks, bonds, international assets, and options. The dynamic process of portfolio management. Strategies of international investments and portfolio management. The applications of useful and important analytical techniques such as mathematics, econometrics, statistics, and computers in the field of investment and portfolio management. Theoretical research related to options and futures. In addition, it also contains articles that present and examine new and important accounting, financial, and economic data for managing and evaluating portfolios of risky assets.

    • Managing Downside Risk in Financial Markets

      • 1st Edition
      • September 20, 2001
      • Frank A. Sortino + 1 more
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 1 8 3 4
      • eBook
        9 7 8 0 0 8 0 4 9 6 2 0 7
      Quantitative methods have revolutionized the area of trading, regulation, risk management, portfolio construction, asset pricing and treasury activities, and governmental activity such as central banking to name but some of the applications. Downside-risk, as a quantitative method, is an accurate measurement of investment risk, because it captures the risk of not accomplishing the investor's goal.'Downside Risk in Financial Markets' demonstrates how downside-risk can produce better results in performance measurement and asset allocation than variance modelling. Theory, as well as the practical issues involved in its implementation, is covered and the arguments put forward emphatically show the superiority of downside risk models to variance models in terms of risk measurement and decision making. Variance considers all uncertainty to be risky. Downside-risk only considers returns below that needed to accomplish the investor's goal, to be risky.Risk is one of the biggest issues facing the financial markets today. 'Downside Risk in Financial Markets' outlines the major issues for Investment Managers and focuses on "downside-risk" as a key activity in managing risk in investment/portfolio management. Managing risk is now THE paramount topic within the financial sector and recurring losses through the 1990s has shocked financial institutions into placing much greater emphasis on risk management and control.Free Software Enclosed To help you implement the knowledge you will gain from reading this book, a CD is enclosed that contains free software programs that were previously only available to institutional investors under special licensing agreement to The pension Research Institute. This is our contribution to the advancement of professionalism in portfolio management.The Forsey-Sortino model is an executable program that:1. Runs on any PC without the need of any additional software.2. Uses the bootstrap procedure developed by Dr. Bradley Effron at Stanford University to uncover what could have happened, instead of relying only on what did happen in the past. This is the best procedure we know of for describing the nature of uncertainty in financial markets. 3. Fits a three parameter lognormal distribution to the bootstrapped data to allow downside risk to be calculated from a continuous distribution. This improves the efficacy of the downside risk estimates.4. Calculates upside potential and downside risk from monthly returns on any portfolio manager. 5. Calculates upside potential and downside risk from any user defined distribution.Forsey-... Source Code:1. The source code, written in Visual Basic 5.0, is provided for institutional investors who want to add these calculations to their existing financial services. 2. No royalties are required for this source code, providing institutions inform clients of the source of these calculations. A growing number of services are now calculating downside risk in a manner that we are not comfortable with. Therefore, we want investors to know when downside risk and upside potential are calculated in accordance with the methodology described in this book. Riddles Spreadsheet:1. Neil Riddles, former Senior Vice President and Director of Performance Analysis at Templeton Global Advisors, now COO at Hansberger Global Advisors Inc., offers a free spreadsheet in excel format.2. The spreadsheet calculates downside risk and upside potential relative to the returns on an index

    • Balance Sheet Structures

      • 1st Edition
      • March 20, 2001
      • Anthony N Birts
      • English
      • Hardback
        9 7 8 1 8 5 5 7 3 2 4 7 6
      • eBook
        9 7 8 1 8 5 5 7 3 8 7 7 5
      Balance sheet structures is a practical and comprehensive guide to balance sheet issues. The book begins by covering the financial theory necessary for an understanding of the debt versus equity issue and then focuses on real world issues by discussing answers to the questionsWhy do companies have balance sheets structured as they are?Do industry differences rule the structure?Does a multinational differ greatly from a domestic company?Does management's attitude to risk have any effect?These questions are looked at through a series of case studies, mostly written by those who are responsible for the balance sheet structures they are living with. The book also aims to help the reader understand the interrelationship between debt and equity in terms of the overall value of the company and the impact on the company's cost of capital. It covers the various elements that make up the balance sheet, and the costs and benefits that attach to each and goes on to analyse the interrelationship between the business that the company is in, the maximisation of cash flows and the balance sheet that matches the business reality.Balance sheet structures is an invaluable and concise guide intended for a wide range of interested parties, treasurers, bankers, directors and students of business and economics.

    • Bond and Money Markets: Strategy, Trading, Analysis

      • 1st Edition
      • May 3, 2001
      • Moorad Choudhry
      • English
      • Hardback
        9 7 8 0 7 5 0 6 4 6 7 7 2
      • eBook
        9 7 8 0 0 8 0 4 7 6 1 8 6
      Bond and Money Markets: Strategy, Trading, Analysis explains and analyses all aspects of the bond and money markets and is both an introduction for newcomers and an advanced text for experienced market practitioners and graduate students. Those with experience of the industry at all levels will find the book invaluable as a standard reference work.The book features coverage of: Government and Corporate bonds, Eurobonds, callable bonds, convertibles Asset-backed bonds including mortgages and CDOs Derivative instruments including bond futures, swaps, options, structured products, and option valuation models Interest-rate risk, duration analysis, convexity, and the convexity bias The money markets, repo markets, basis trading, and asset / liability management Term structure models, estimating and interpreting the yield curve Portfolio management, including total return framework, portfolio strategies, and constructing bond indices and valuable insight into: Trading and hedging strategy Charting and technical analysis The latest market developments, such as value-at-risk, and credit derivatives Emerging markets and the benefits of international investment The Bond and Money Markets: Strategy, Trading, Analysis is aimed at a wide readership including bond salespersons, traders, corporate financiers and graduate trainees, as well as risk managers, operations professionals and business analysts. Other market participants including fund managers, corporate treasurers, management consultants, regulators and financial journalists will also find the content useful.

    • Handbook of Agricultural Economics

      • 1st Edition
      • Volume 1A
      • December 6, 2001
      • Bruce L. Gardner + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 0 7 2 8 0
      • eBook
        9 7 8 0 0 8 0 8 8 5 9 2 6
      This first volume of the "Handbook of Agricultural Economics" presents work on topics central to the economics of agriculture: the quantitative representation of technology; market expectations; household production behaviour; consumer behaviour with uncertain quality and safety of goods; and issues of imperfect competition in food marketing. Volume 1A treats issues in agricultural production, representing the consequences of decades of work deepening and widening the original focus of agricultural economics on farm management. In addition to the theory and estimation of production and supply behaviour in agriculture, chapters are devoted to topics on which major advancements have been made: technological change; returns to agricultural research; the industrial structure of agriculture, land institutions and markets; and human capital and finance. Two chapters are further specialized to rural labour and household issues: migration and the role of women in developing countries.

Related subjects

Agricultural and natural resource economics

Business economics

Economic development technological change and growth

Economic history

Economic systems

Financial economics

General economics and teaching

Health education and welfare

Industrial organization

International economics

Labor and demographic economics

Law and economics

Macroeconomic and monetary economics

Mathematical and quantitative methods

Methodology and history of economic thought

Microeconomics

Public economics

Urban rural and regional economics