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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.

    • Capital Investment & Financing

      • 1st Edition
      • May 6, 2005
      • Chris f Agar
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 3 7 2 2
      • eBook
        9 7 8 0 0 8 0 4 7 6 3 8 4
      The requirement to maximise value for shareholders is at the core of any corporate investment or financing decision. The intrinsic value of proposed investments should be assessed before deciding how much capital to allocate; the benefits and risks associated with each available source of finance should be considered when capital is being raised; and capital, and any associated financial risks, should be managed in a way that continues to maximise value. At every stage, an analysis should be carried out to ensure the decision is optimal for shareholders and other capital providers.This book provides practical guidance on the application of financial evaluation techniques and methods (mainly covered in Appendices), as well as comprehensive coverage of traditional corporate finance topics, discussed in the context of capital investment, raising and management and financial risk management (using derivatives). Models, formulae and other quantitative techniques are illustrated in over 100 examples (using only basic mathematics). Topics discussed include the following:* business appraisal using financial ratios* corporate valuation (mainly discounted cash flow and real options)*investment appraisal techniques* acquisition structuring and evaluation* the nature of loans and loan agreements* features and pricing of bonds (straight and convertible)* leasing (including leveraged leasing)* equity raising (Initial Public Offerings)* long and short term capital management* basic pricing of derivatives (forwards, futures, options, swaps)* interest rate and currency risk management using derivativesCapital Investment & Financing provides a comprehensive, in-depth coverage of concepts, methods and techniques involved when evaluating acquisitions and other investments, assessing financing opportunities, and managing capital. The core chapters provide practical guidance on key corporate finance topics; the Appendices contain more quantitative material, focusing on pricing techniques. Examples are used throughout, and an integrated case study (fictional) in the final Appendix uses many of the techniques discussed.
    • Cotton Trading Manual

      • 1st Edition
      • October 30, 2005
      • Terry Townsend
      • English
      • eBook
        9 7 8 1 8 4 5 6 9 0 9 2 2
      Cotton Trading Manual (CTM) is the first work to provide a comprehensive reference source to the conduct of the complex international cotton market. CTM begins by looking at the history of the cotton trade, and then moves on to assess the current global picture, including a discussion of trends in the market, as well as production and consumption analysis. The third and fourth parts focus on trading in physical cotton and futures respectively. Finally, the last section deals with administrative and management issues within the cotton trade as a whole, such as contracts, insurance and risk management. CTM is an indispensable practical companion for all those involved with trading in this commodity.
    • Initial Public Offerings (IPO)

      • 1st Edition
      • December 2, 2005
      • Greg N. Gregoriou
      • English
      • Paperback
        9 7 8 1 4 9 3 3 0 3 2 0 5
      • Hardback
        9 7 8 0 7 5 0 6 7 9 7 5 6
      • eBook
        9 7 8 0 0 8 0 4 6 1 6 7 0
      After the cooling off of IPOs since the dot com bubble, Google has rekindled the fire for IPOs. This IPO reader contains new articles exclusive to this reader by leading academics from around the world dealing with quantitative and qualitative analyses of this increasingly popular and important area of finance. Articles address new methods of IPO performance, international IPOs, IPO evaluation, IPO underwriting, evaluation and bookbuilding. Although numerous articles are technical in nature, with econometric and statistical models, particular attention has been directed towards the understanding and the applicability of the results as well as theoretical development in this area. This reader will assist researchers, academics, and graduate students to further understand the latest research on IPOs.
    • Clearing and Settlement of Derivatives

      • 1st Edition
      • August 16, 2005
      • David Loader
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 3 0 8 1
      • Hardback
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      This book makes the reader aware of the background to the derivatives markets, how they have developed and their importance today. Clearing and Settlement of Derivatives addresses how and why derivative products are used and how the industry is structured, looking at both the exchange and over-the-counter markets. The role of the various parties is explained and the interaction between securities, commodities and derivatives explored.The key regulation that affects the use of derivatives by banks, corporate companies, institutional investors and private clients is covered and by way of example, the book reviews the various Directives affecting investment funds’ use of derivatives, capital adequacy requirements on banks and guidelines for private client use. The regulations looked at will be international, making this book suitable for most UK, European, and North American markets.
    • Wealth Management

      • 1st Edition
      • November 1, 2005
      • Dimitris N. Chorafas
      • English
      • Hardback
        9 7 8 0 7 5 0 6 6 8 5 5 2
      • Paperback
        9 7 8 0 0 8 0 9 7 3 8 0 7
      • eBook
        9 7 8 0 0 8 0 4 6 1 6 4 9
      Wealth Management has two themes: Private Banking and investment decisions regarding Structural Financial Products. Dr. Dimitris Chorafas examines in a rigorous way whether structured financial products are advisable investments for retail and institutional investors and, if yes, which risks they entail. As our society becomes increasingly affluent, and state-supported pension schemes find it difficult to survive, a growing number of high net-worth individuals, and families, have become retail investors – looking for ways and means to optimize wealth management, and Private Banking deals with these sorts of clients. Private banking also deals with clients that are institutional investors, such as pension funds, mutual funds, and insurance companies, as well as not-for-profits, foundations and companies explicitly set up for wealth management. Both institutional and retail investors are being offered by the banks they work with structured products. Typically, these are securities that provide them with a redemption amount, with may be either with full or partial capital protection, and some type of return. The book examines structured financial products, their polyvalent nature, and the results which could be expected from them. Return on structural instruments, which are essentially derivatives, is paid in function of a specific investment strategy on selected underlying asset(s). This essentially means on the performance of the underlyings, obtained by asset managers, which may be banks or hedge funds, through purchase or sale of embedded options. But there are risks. Both risk and return from structured products are related to three main issues: the volatility of future value of an underlying, the uncertainty of future events, and the exposure of the product. Every type of investment is subject to market forces, and the more leveraged a portfolio is, the greater will probably be both the assumed risk and the expected reward. The fact that structured financial products appeal, or at least are being marketed, to both retail investors and institutional investors makes the dual approach deliberately chosen in this book most advisable. This book addresses all these issues in a practical manner with numerous case studies and real-world examples drawn from the author’s intensive research.
    • International Financial Reporting Standards in Depth

      • 1st Edition
      • July 19, 2005
      • Robert Kirk
      • English
      • Paperback
        9 7 8 0 7 5 0 6 6 4 7 3 8
      • eBook
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      This book reflects IFRS as of the preparation of the text during 2004, and as far as possible up to the date of first publication in July 2005. Accounting Standards in Depth contains a: * Brief summary of the relevant international accounting standards * Selection of questions illustrating how international standards are used in practice and provide useful revision practice for those attempting accountancy examsThe book starts with an introduction to the standard setting process, as well as looking at the development of IASB. It examines the framework for the preparation and presentation of financial statements which underpins the practice of financial accounting.The intention of the book is that the reader will be tested on basic numerical application, on an understanding of the underlying theory, and on presentation of financial statements under the international regulatory framework. The questions have been carefully chosen to test the readers ability to write good practical reports, perform calculations, and present both extracts and full sets of financial statements.
    • Encyclopedia of Forest Sciences

      • 1st Edition
      • April 2, 2004
      • Jeffery Burley + 2 more
      • English
      • Hardback
        9 7 8 0 1 2 1 4 5 1 6 0 8
      • eBook
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      A combination of broad disciplinary coverage and scientific excellence, the Encyclopedia of Forest Sciences will be an indispensable addition to the library of anyone interested in forests, forestry and forest sciences. Packed with valuable insights from experts all over the world, this remarkable set not only summarizes recent advances in forest science techniques, but also thoroughly covers the basic information vital to comprehensive understanding of the important elements of forestry. The Encyclopedia of Forest Sciences also covers relevant biology and ecology, different types of forestry (e.g. tropical forestry and dryland forestry), scientific names of trees and shrubs, and the applied, economic, and social aspects of forest management. Valuable key features further enhance the utility of this Encyclopedia as an exceptional reference tool. Also available online via ScienceDirect – featuring extensive browsing, searching, and internal cross-referencing between articles in the work, plus dynamic linking to journal articles and abstract databases, making navigation flexible and easy. For more information, pricing options and availability visit www.info.sciencedire...
    • Handbook of Regional and Urban Economics

      • 1st Edition
      • Volume 4
      • July 21, 2004
      • V. Henderson + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 0 9 6 7 3
      • eBook
        9 7 8 0 0 8 0 4 9 5 1 2 5
      The new Handbook of Regional and Urban Economics: Cities and Geography reviews, synthesizes and extends the key developments in urban and regional economics and their strong connection to other recent developments in modern economics. Of particular interest is the development of the new economic geography and its incorporation along with innovations in industrial organization, endogenous growth, network theory and applied econometrics into urban and regional economics. The chapters cover theoretical developments concerning the forces of agglomeration, the nature of neighborhoods and human capital externalities, the foundations of systems of cities, the development of local political institutions, regional agglomerations and regional growth. Such massive progress in understanding the theory behind urban and regional phenomenon is consistent with on-going progress in the field since the late 1960’s. What is unprecedented are the developments on the empirical side: the development of a wide body of knowledge concerning the nature of urban externalities, city size distributions, urban sprawl, urban and regional trade, and regional convergence, as well as a body of knowledge on specific regions of the world—Europe, Asia and North America, both current and historical. The Handbook is a key reference piece for anyone wishing to understand the developments in the field.
    • Economic Impacts of Intelligent Transportation Systems

      • 1st Edition
      • Volume 8
      • July 1, 2004
      • E Bekiaris + 1 more
      • English
      • Hardback
        9 7 8 0 7 6 2 3 0 9 7 8 8
      • eBook
        9 7 8 0 0 8 0 4 7 2 5 7 7
      There are unique complexities associated with the economic valuation of Intelligent Transportation Systems (ITS) and telematics. Traditional methods of quantitative analysis may not be appropriate in accurately and reliably assessing the economic impacts of these technologies. Although advanced transportation and related technologies are being planned and deployed at an increasingly rapid pace, many of the technologies are still relatively new, and their use may not be widespread. Much of the initial information and statistics gathered have been anecdotal and have focused more on benefits rather than costs. Therefore, difficulties arise due to the lack of historical data and 'lessons learned' from which to draw upon. In addition, compared with traditional transportation infrastructure, ITS technologies have different life cycles, cost structures, and a number of interrelated elements. This book addresses these concerns and proposes new economic assessment techniques as well as modifications to existing ones. Included are case studies from a multitude of North American, European, and Asian nations and major metropolitan areas covering a wide range of ITS technologies including freeway management, electronic toll collection, advanced driver assistance systems, and traveller information systems.
    • Quantitative Finance for Physicists

      • 1st Edition
      • December 10, 2004
      • Anatoly B. Schmidt
      • English
      • Paperback
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      • Hardback
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      • eBook
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      With more and more physicists and physics students exploring the possibility of utilizing their advanced math skills for a career in the finance industry, this much-needed book quickly introduces them to fundamental and advanced finance principles and methods. Quantitative Finance for Physicists provides a short, straightforward introduction for those who already have a background in physics. Find out how fractals, scaling, chaos, and other physics concepts are useful in analyzing financial time series. Learn about key topics in quantitative finance such as option pricing, portfolio management, and risk measurement. This book provides the basic knowledge in finance required to enable readers with physics backgrounds to move successfully into the financial industry.