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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.

    • Optimizing Optimization

      • 1st Edition
      • September 19, 2009
      • Stephen Satchell
      • English
      • Hardback
        9 7 8 0 1 2 3 7 4 9 5 2 9
      • eBook
        9 7 8 0 0 8 0 9 5 9 2 0 7
      The practical aspects of optimization rarely receive global, balanced examinations. Stephen Satchell’s nuanced assembly of technical presentations about optimization packages (by their developers) and about current optimization practice and theory (by academic researchers) makes available highly practical solutions to our post-liquidity bubble environment. The commercial chapters emphasize algorithmic elements without becoming sales pitches, and the academic chapters create context and explore development opportunities. Together they offer an incisive perspective that stretches toward new products, new techniques, and new answers in quantitative finance.
    • The Theory of Gambling and Statistical Logic

      • 2nd Edition
      • September 21, 2009
      • Richard A. Epstein
      • English
      • eBook
        9 7 8 0 0 8 0 9 5 8 6 1 3
      Early in his rise to enlightenment, man invented a concept that has since been variously viewed as a vice, a crime, a business, a pleasure, a type of magic, a disease, a folly, a weakness, a form of sexual substitution, an expression of the human instinct. He invented gambling. Recent advances in the field, particularly Parrondo's paradox, have triggered a surge of interest in the statistical and mathematical theory behind gambling. This interest was acknowledge in the motion picture, "21," inspired by the true story of the MIT students who mastered the art of card counting to reap millions from the Vegas casinos. Richard Epstein's classic book on gambling and its mathematical analysis covers the full range of games from penny matching to blackjack, from Tic-Tac-Toe to the stock market (including Edward Thorp's warrant-hedging analysis). He even considers whether statistical inference can shed light on the study of paranormal phenomena. Epstein is witty and insightful, a pleasure to dip into and read and rewarding to study. The book is written at a fairly sophisticated mathematical level; this is not "Gambling for Dummies" or "How To Beat The Odds Without Really Trying." A background in upper-level undergraduate mathematics is helpful for understanding this work.
    • 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.
    • Global Bank Regulation

      • 1st Edition
      • October 22, 2009
      • Heidi Mandanis Schooner + 1 more
      • English
      • Hardback
        9 7 8 0 1 2 6 4 1 0 0 3 7
      • eBook
        9 7 8 0 0 8 0 9 2 5 8 0 6
      Global Bank Regulation: Principles and Policies covers the global regulation of financial institutions. It integrates theories, history, and policy debates, thereby providing a strategic approach to understanding global policy principles and banking. The book features definitions of the policy principles of capital regularization, the main justifications for prudent regulation of banks, the characteristics of tools used regulate firms that operate across all time zones, and a discussion regarding the 2007-2009 financial crises and the generation of international standards of financial institution regulation. The first four chapters of the book offer justification for the strict regulation of banks and discuss the importance of financial safety. The next chapters describe in greater detail the main policy networks and standard setting bodies responsible for policy development. They also provide information about bank licensing requirements, leading jurisdictions, and bank ownership and affiliations. The last three chapters of the book present a thorough examination of bank capital regulation, which is one of the most important areas in international banking. The text aims to provide information to all economics students, as well as non-experts and experts interested in the history, policy development, and theory of international banking regulation.
    • Wto Accession and Socio-Economic Development in China

      • 1st Edition
      • June 15, 2009
      • Parikshit Basu + 1 more
      • English
      • Hardback
        9 7 8 1 8 4 3 3 4 5 4 7 3
      • eBook
        9 7 8 1 7 8 0 6 3 2 3 7 7
      This book reviews how China’s accession to the WTO has impacted upon its education, environment, economic and social outcomes in recent years. It has been argued that China’s rapid growth in output and exports and subsequent accession to WTO has significantly increased income and therefore the well-being of the Chinese population. However, doubts are now being raised that higher income is generated at the cost of deteriorating environmental and social standards which has increasingly affected the health of the Chinese people, especially those who live in major industrial cities. Also, there is a widespread perception that its accession to WTO has significantly increased social shocks, especially among the farming community, and contributed to poor health outcomes among the rural population. These issues are critically analysed in this book by experienced academics from China and Australia.
    • Computational Finance Using C and C#

      • 1st Edition
      • May 1, 2008
      • George Levy
      • English
      • Hardback
        9 7 8 0 7 5 0 6 6 9 1 9 1
      • eBook
        9 7 8 0 0 8 0 8 7 8 0 7 2
      Computational Finance Using C and C# raises computational finance to the next level using the languages of both standard C and C#. The inclusion of both these languages enables readers to match their use of the book to their firm’s internal software and code requirements. The book also provides derivatives pricing information for equity derivates (vanilla options, quantos, generic equity basket options); interest rate derivatives (FRAs, swaps, quantos); foreign exchange derivatives (FX forwards, FX options); and credit derivatives (credit default swaps, defaultable bonds, total return swaps).This book is organized into 8 chapters, beginning with an overview of financial derivatives followed by an introduction to stochastic processes. The discussion then shifts to generation of random variates; European options; single asset American options; multi-asset options; other financial derivatives; and C# portfolio pricing application. The text is supported by a multi-tier website which enables purchasers of the book to download free software, which includes executable files, configuration files, and results files. With these files the user can run the C# portfolio pricing application and change the portfolio composition and the attributes of the deals.This book will be of interest to financial engineers and analysts as well as numerical analysts in banking, insurance, and corporate finance.
    • Handbook of Development Economics

      • 1st Edition
      • March 4, 2008
      • T. Paul Schultz + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 3 1 0 0 1
      • eBook
        9 7 8 0 0 8 0 5 6 9 4 2 0
      The field of development economics has evolved since volume 3 of the Handbook of Development Economics was published more than a decade ago. Volume 4 takes stock of some of the newer trends and their implications for research in the field and our understanding of economic development.The handbook is divided into four sections which reflect these developments, of which the first deals with agricultural and rural development. Section two is concerned with developments in the theory and evidence regarding public goods and political economy. The third section is focused on the behavior of households and individuals regarding various aspects of human capital investments, in the face of the various constraints, particularly market incentives and public goods. The final section contains papers that describe the different methods now available, both experimental and non-experimental, to conduct program evaluations, as well as describing papers that implement these methods.The authors of the chapters are all experts in the fields they survey and extend, and this volume promises to be an invaluable addition to the Handbooks in Economics series and a useful reference to graduate students, researchers and professionals in the field of development economics.
    • Research in Accounting Regulation

      • 1st Edition
      • Volume 20
      • April 9, 2008
      • Gary Previts
      • English
      • Hardback
        9 7 8 0 0 8 0 4 5 3 9 3 4
      • eBook
        9 7 8 0 0 8 0 5 6 9 6 9 7
    • The Banker's Handbook on Credit Risk

      • 1st Edition
      • April 23, 2008
      • Morton Glantz + 1 more
      • English
      • eBook
        9 7 8 0 0 8 0 5 7 0 0 5 1
      The Banker's Handbook on Credit Risk shows you how to comply with Basel II regulations on credit risk step by step, building on the basics in credit risk up to advanced credit risk methodologies. This advanced credit/risk management book takes a "new tools" approach to Basel II implementation. The hands-on applications covered in this book are vast, including areas of Basel II banking risk requirements (credit risk, credit spreads, default risk, value at risk, market risk, and so forth) and financial analysis (exotic options and valuation), to risk analysis (stochastic forecasting, risk-based Monte Carlo simulation, portfolio optimization) and real options analysis (strategic options and decision analysis). This book is targeted at banking practitioners and financial analysts who require the algorithms, examples, models, and insights in solving more advanced and even esoteric problems. The book comes complete with a DVD filled with sample modeling videos, case studies, and software applications to help the reader get started immediately. The various trial software applications included allows the reader to quickly access the approximately 670 modeling functions, 250 analytical model templates, and powerful risk-based simulation software to help in the understanding and learning of the concepts covered in the book, and also to use the embedded functions and algorithms in their own models. In addition, the reader can get started quickly in running risk-based Monte Carlo simulations, run advanced forecasting methods, and perform optimization on a myriad of situations, as well as structure and solve customized real options and financial options problems.
    • Handbook of Experimental Economics Results

      • 1st Edition
      • Volume 1
      • August 15, 2008
      • Charles R. Plott + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 8 2 6 4 2 8
      • eBook
        9 7 8 0 0 8 0 8 8 7 9 6 8
      Experimental methods in economics respond to circumstances that are not completely dictated by accepted theory or outstanding problems. While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appear blurred and may produce results that vary from strong support to little or partial support of the relevant theory. At a recent conference, a question was asked about where experimental methods might be more useful than field methods. Although many cannot be answered by experimental methods, there are questions that can only be answered by experiments. Much of the progress of experimental methods involves the posing of old or new questions in a way that experimental methods can be applied. The title of the book reflects the spirit of adventure that experimentalists share and focuses on experiments in general rather than forcing an organization into traditional categories that do not fit. The emphasis reflects the fact that the results do not necessarily demonstrate a consistent theme, but instead reflect bits and pieces of progress as opportunities to pose questions become recognized. This book is a result of an invitation sent from the editors to a broad range of experimenters asking them to write brief notes describing specific experimental results. The challenge was to produce pictures and tables that were self-contained so the reader could understand quickly the essential nature of the experiments and the results.