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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

    • Economic Capital

      • 1st Edition
      • May 28, 2009
      • Pieter Klaassen + 1 more
      • English
      • Hardback
        9 7 8 0 1 2 3 7 4 9 0 1 7
      • eBook
        9 7 8 0 0 8 0 9 5 6 8 0 0
      Managers can deploy and manage economic capital more effectively when they understand how their decisions add value to their organizations. Economic Capital: How It Works and What Every Manager Needs to Know presents new ways to define, measure, and implement management strategies by using recent examples, many from the sub-prime crisis. The authors also discuss the role of economic capital within the broader context of management responsibilities and activities as well as its relation to other risk management tools that are available to the modern risk manager.

    • Fixed Income Markets and Their Derivatives

      • 3rd Edition
      • February 26, 2009
      • Suresh Sundaresan
      • English
      • Hardback
        9 7 8 0 1 2 3 7 0 4 7 1 9
      • eBook
        9 7 8 0 0 8 0 9 1 9 3 3 1
      The third edition of this well-respected textbook continues the tradition of providing clear and concise explanations for fixed income securities, pricing, and markets. Fixed Income Markets and Their Derivatives matches well with fixed income securities courses. The book's organization emphasizes institutions in the first part, analytics in the second, selected segments of fixed income markets in the third, and fixed income derivatives in the fourth. This enables instructors to customize the material to suit their course structure and the mathematical ability of their students.

    • Venture Capital and Private Equity Contracting

      • 1st Edition
      • January 21, 2009
      • Douglas J. Cumming + 1 more
      • English
      • Hardback
        9 7 8 0 1 2 1 9 8 5 8 1 3
      • eBook
        9 7 8 0 0 8 0 9 1 7 5 4 2
      Other books present corporate finance approaches to the VC/PE industry, but many key decisions require an understanding of the ways that law and economics work together. Venture Capital and Private Equity Contracting is better than straight corporate finance textbooks because it offers broad perspectives and principles that enable readers to deduce the economic implications of specific contract terms. This approach avoids the common pitfalls of implying that contractual terms apply equally to firms in any industry anywhere in the world.

    • Handbook of Financial Markets: Dynamics and Evolution

      • 1st Edition
      • January 14, 2009
      • Thorsten Hens + 1 more
      • English
      • Paperback
        9 7 8 0 3 2 3 1 6 5 4 7 1
      • Hardback
        9 7 8 0 1 2 3 7 4 2 5 8 2
      • eBook
        9 7 8 0 0 8 0 9 2 1 4 3 3
      The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical, empirical, and numerical techniques as well as several different modeling approaches, the authors depict the state of debate on the market selection hypothesis. By explicitly assuming the heterogeneity of investors, they present models that are descriptive and normative as well, making the volume useful for both finance theorists and financial practitioners.

    • South Korea

      • 1st Edition
      • December 30, 2008
      • Young-Chan Kim + 2 more
      • English
      • Hardback
        9 7 8 1 8 4 3 3 4 4 7 2 8
      • eBook
        9 7 8 1 7 8 0 6 3 2 5 1 3
      South Korea: Challenging globalisation and the post-crisis reforms examines the major economic issues flowing from the Korean financial crisis of 1997 and covers such issues as industrial relations, macroeconomic sectors, the role of administrations, and corporates’ globalisation process by over-expanded foreign direct investment. The chapters contained in this book are written by a wide variety of contributors, including a former government technocrat, president’s advisory board member, plus leading Korean economy specialists.

    • Rating Based Modeling of Credit Risk

      • 1st Edition
      • December 8, 2008
      • Stefan Trueck + 1 more
      • English
      • Hardback
        9 7 8 0 1 2 3 7 3 6 8 3 3
      • eBook
        9 7 8 0 0 8 0 9 2 0 3 0 6
      In the last decade rating-based models have become very popular in credit risk management. These systems use the rating of a company as the decisive variable to evaluate the default risk of a bond or loan. The popularity is due to the straightforwardness of the approach, and to the upcoming new capital accord (Basel II), which allows banks to base their capital requirements on internal as well as external rating systems. Because of this, sophisticated credit risk models are being developed or demanded by banks to assess the risk of their credit portfolio better by recognizing the different underlying sources of risk. As a consequence, not only default probabilities for certain rating categories but also the probabilities of moving from one rating state to another are important issues in such models for risk management and pricing. It is widely accepted that rating migrations and default probabilities show significant variations through time due to macroeconomics conditions or the business cycle. These changes in migration behavior may have a substantial impact on the value-at-risk (VAR) of a credit portfolio or the prices of credit derivatives such as collateralized debt obligations (D+CDOs). In Rating Based Modeling of Credit Risk the authors develop a much more sophisticated analysis of migration behavior. Their contribution of more sophisticated techniques to measure and forecast changes in migration behavior as well as determining adequate estimators for transition matrices is a major contribution to rating based credit modeling.

    • Principles of Financial Engineering

      • 2nd Edition
      • December 1, 2008
      • Salih N. Neftci
      • English
      • Hardback
        9 7 8 0 1 2 3 7 3 5 7 4 4
      • eBook
        9 7 8 0 0 8 0 9 1 9 9 7 3
      Principles of Financial Engineering, Second Edition, is a highly acclaimed text on the fast-paced and complex subject of financial engineering. This updated edition describes the "engineering" elements of financial engineering instead of the mathematics underlying it. It shows you how to use financial tools to accomplish a goal rather than describing the tools themselves. It lays emphasis on the engineering aspects of derivatives (how to create them) rather than their pricing (how they act) in relation to other instruments, the financial markets, and financial market practices. This volume explains ways to create financial tools and how the tools work together to achieve specific goals. Applications are illustrated using real-world examples. It presents three new chapters on financial engineering in topics ranging from commodity markets to financial engineering applications in hedge fund strategies, correlation swaps, structural models of default, capital structure arbitrage, contingent convertibles, and how to incorporate counterparty risk into derivatives pricing. Poised midway between intuition, actual events, and financial mathematics, this book can be used to solve problems in risk management, taxation, regulation, and above all, pricing. This latest edition of Principles of Financial Engineering is ideal for financial engineers, quantitative analysts in banks and investment houses, and other financial industry professionals. It is also highly recommended to graduate students in financial engineering and financial mathematics programs.

    • Handbook of Empirical Corporate Finance

      • 1st Edition
      • Volume 2
      • October 24, 2008
      • Bjørn Espen Eckbo
      • English
      • Paperback
        9 7 8 0 4 4 4 5 6 1 7 9 4
      • Hardback
        9 7 8 0 4 4 4 5 3 0 9 0 5
      • eBook
        9 7 8 0 0 8 0 9 3 2 1 1 8
      This second volume of a two-part series examines three major topics. First, it devotes five chapters to the classical issue of capital structure choice. Second, it focuses on the value-implications of major corporate investment and restructuring decisions, and then concludes by surveying the role of pay-for-performance type executive compensation contracts on managerial incentives and risk-taking behavior. In collaboration with the first volume, this handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.

    • The Future of the Financial Exchanges

      • 1st Edition
      • September 29, 2008
      • Herbie Skeete
      • English
      • Hardback
        9 7 8 0 1 2 3 7 4 4 2 1 0
      • eBook
        9 7 8 0 0 8 0 9 2 2 2 1 8
      In May 2007, an extraordinary meeting took place in London's The Exchange Forum. Chief executives from many of the world's most important financial exchanges came together with senior executives from a wide array of global banking, trading, and investing firms, index providers, regulators, system suppliers, and key academics to discuss the rapidly changing business and technological environment in which exchanges function. The forum was an exclusive event, open only to the most senior-level individuals in the global exchanges community: those who run exchanges, who are clients of exchanges, who invest in exchanges, and who supply goods and services to exchanges.In presentations and panel discussions over two days, these experts explored the effect of shrinking margins as more instruments became exchange traded rather than OTC and the conflicts that creates. They shared what exchanges are doing today to respond to the challenges wrought by competition, globalization, and rapid technology advances. And they looked into the future and discussed the multi-asset, multi-currency, and multi-region trading that holds out the promise of future success.The book is based on the discussion and analysis that took place at this exclusive event that brought together leading exchange professionals, their customers, and suppliers from around the globe to share insights and experiences. It will provide an overview of the latest technological, regulatory, and market developments in the exchange industry and the common problems exchanges face; explain how these problems are being addressed; and present the consensus view from leading exchange professionals about how to move forward. Most significant, the ideas in the book will come directly from the worlds leading exchange professionals and customers.

    • Controlling Collaboration between Firms

      • 1st Edition
      • September 24, 2008
      • Angelo Ditillo + 1 more
      • English
      • Paperback
        9 7 8 0 7 5 0 6 8 1 3 1 5
      • eBook
        9 7 8 0 0 8 0 9 4 1 5 0 9
      Shows how accounting information and control mechanisms are used in decision-making, planning and control at an inter-organizational level and how accounting tools and techniques may support the development and management of external relationships with strategic partners. In "global companies" the use of management control mechanisms has increasingly become decentralised from the management accounting department, this book covers these issues. In all functional areas (marketing, operations, human resources, etc.), those who are expected to be able to analyse and interpret accounting information collected from external partners, have to exercise cost control to ensure that profit targets are achieved and understand.

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