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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.

    • An Introduction to Wavelets and Other Filtering Methods in Finance and Economics

      • 1st Edition
      • September 12, 2001
      • Ramazan Gençay + 2 more
      • English
      • Hardback
        9 7 8 0 1 2 2 7 9 6 7 0 8
      • Paperback
        9 7 8 0 1 2 3 9 9 5 5 6 8
      • eBook
        9 7 8 0 0 8 0 5 0 9 2 2 8
      An Introduction to Wavelets and Other Filtering Methods in Finance and Economics presents a unified view of filtering techniques with a special focus on wavelet analysis in finance and economics. It emphasizes the methods and explanations of the theory that underlies them. It also concentrates on exactly what wavelet analysis (and filtering methods in general) can reveal about a time series. It offers testing issues which can be performed with wavelets in conjunction with the multi-resolution analysis. The descriptive focus of the book avoids proofs and provides easy access to a wide spectrum of parametric and nonparametric filtering methods. Examples and empirical applications will show readers the capabilities, advantages, and disadvantages of each method.
    • Transportation After Deregulation

      • 1st Edition
      • Volume 6
      • September 12, 2001
      • B Starr McMullen
      • English
      • Hardback
        9 7 8 0 7 6 2 3 0 7 8 0 7
      • eBook
        9 7 8 0 0 8 0 5 4 5 5 1 6
      Several of the papers in this volume are concerned with assessing both the timing and the impacts of deregulation and regulatory reform in the US transportation sector. Of increasing interest is the importance of productivity growth and the role played by new technologies in a more competitive market environment. Four of the papers in this volume deal directly with these issues in the context of motor carriers and railroads, two sectors which have been operating under substantially reduced regulatory constraints for the past twenty years in the US. Although the financial condition of US railroads has improved since 1980, there is still some concern regarding their long run viability as private enterprises. Accordingly, one of the papers considers the potential for further reductions in railroad costs through transcontinental mergers, a controversial issue due to the small number of railroads that remain in the industry.
    • 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.
    • Gas Trading Manual

      • 2nd Edition
      • July 20, 2001
      • David Long + 2 more
      • English
      • eBook
        9 7 8 1 8 5 5 7 3 8 5 1 5
      Since its launch in 2001, Gas Trading Manual (GTM) has established itself as the leading information source on the international gas market. Compiled from the contributions of some of the most senior and widely respected figures in the trade, this edition provides detailed and accurate analysis on all aspects of this complex business from the geography of gas through to the markets, trading instruments, contracts, gas pricing, accounting and taxation. This edition further enhances its reputation as the indispensable practical companion for all those involved in the trading of gas.
    • Structured Trade and Commodity Finance in Emerging Markets

      • 1st Edition
      • July 3, 2001
      • John MacNamara
      • English
      • Paperback
        9 7 8 1 8 5 5 7 3 5 4 4 6
      • eBook
        9 7 8 1 8 5 5 7 3 7 2 0 4
      John MacNamara’s timely report looks at the principles and practice of structured trade and commodity finance deals and what can go wrong. It is supported by invaluable case study material.
    • Transfer Pricing for Financial Institutions

      • 1st Edition
      • July 3, 2001
      • John Smullen
      • English
      • Paperback
        9 7 8 1 8 5 5 7 3 3 7 2 5
      • eBook
        9 7 8 1 8 5 5 7 3 7 0 9 9
      Establishing and maintaining effective transfer pricing policies is a key challenge in today's increasingly competitive international financial services sector. There are numerous issues involved, from the requirements of shareholders and risk management to the allocation of capital. There are also many different techniques for establishing efficient transfer pricing systems within an organisation.This illuminating handbook provides a thorough introduction to transfer pricing and its uses within financial organisations, as well as a clear analysis of all the issues involved. Transfer pricing is so complex and variable that there can be no definitive blueprint for success: however, in this book John Smullen has provided a vital contribution to the debate and a much-needed clarification of this important topic.Some of the areas covered:What transfer pricing is and why it is usedWhy transfer prices are so appropriate for financial institutionsWhy each organisation needs to approach the introduction of transfer prices differentlyHow transfer pricing works in commercial organisationsThe different types of transfer priceSpecific analysis of the transfer pricing of funds, capital and derivativesHow to evaluate risk adjusted performance measuresThe complexities of estimating marginal costs and revenuesA framework for understanding the motivation of shareholders, managers and regulatorsHow transfer pricing works as part of management information strategyThis lucid and authoritative handbook will help you to:Understand the different techniques used in transfer pricingEstablish transfer prices in line with your organisation's strategy and objectivesMake sound decisions, minimise risk and achieve better outcomesThis is a book for people involved in raising and loaning funds in today's global markets who wants to understand the issues involved in transfer pricing and the techniques required. It will be used by banking, investment, insurance and other financial organisations worldwide.
    • Cross-Border Exposures and Country Risk

      • 1st Edition
      • July 3, 2001
      • Thomas Krayenbuehl
      • English
      • eBook
        9 7 8 1 8 5 5 7 3 8 8 1 2
      The international financial system has come under strain several times in recent years, and analysis has shown that most crises originated from the risks built into cross-border exposures.Assessment and monitoring of cross-border exposures and country risk are essential activities for international lending agencies such as government bodies, banks, multinational corporations and other investors. Inadequate risk management could have a destabilising effect on both lender and borrower and could result in a major international financial crisis.This completely revised edition of Thomas E Krayenbuehl's classic handbook clearly shows how the various players can quantify and manage the complex factors involved in order to minimise the risk and avoid potentially catastrophic consequences. It provides both a rigorous analysis of the current situation and a guide to meeting the challenges of the future.Just some of the things you'll discover…How to succeed in cross-border lending and investment through good assessment, monitoring and hedging of country riskHow the Tequila and Asian crises came about, and the lessons learnedThe likelihood of future crises and the potential causesThe latest problems to beset the international financial systemThe recent developments in cross-border financingWhy the problem of contagion occurs between seemingly unrelated marketsThe enormous need for global capital to bring about sustainable economic development in the developing world, and the role of the major players in fulfilling itThe numerous factors that constitute and influence a specific country riskThe responsibilities of all the parties involved, from the IMF and the World Bank to the industrialised and developing nations, the regulators and the rating agenciesHow this study helps you: This lucid and authoritative handbook will help you to:Understand the problems facing the international financial systemIdentify and assess new investment opportunitiesOptimis... risk composition of cross-border lending or investmentMake sound decisions, minimise risk and achieve better outcomes
    • 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
    • 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.
    • An Introduction to High-Frequency Finance

      • 1st Edition
      • April 30, 2001
      • Ramazan Gençay + 4 more
      • English
      • Hardback
        9 7 8 0 1 2 2 7 9 6 7 1 5
      • eBook
        9 7 8 0 0 8 0 4 9 9 0 4 8
      Liquid markets generate hundreds or thousands of ticks (the minimum change in price a security can have, either up or down) every business day. Data vendors such as Reuters transmit more than 275,000 prices per day for foreign exchange spot rates alone. Thus, high-frequency data can be a fundamental object of study, as traders make decisions by observing high-frequency or tick-by-tick data. Yet most studies published in financial literature deal with low frequency, regularly spaced data. For a variety of reasons, high-frequency data are becoming a way for understanding market microstructure. This book discusses the best mathematical models and tools for dealing with such vast amounts of data.This book provides a framework for the analysis, modeling, and inference of high frequency financial time series. With particular emphasis on foreign exchange markets, as well as currency, interest rate, and bond futures markets, this unified view of high frequency time series methods investigates the price formation process and concludes by reviewing techniques for constructing systematic trading models for financial assets.