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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.

  • Principles of Financial Engineering

    • 2nd Edition
    • Salih N. Neftci
    • English
    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.

  • The Theory of Gambling and Statistical Logic

    • 2nd Edition
    • Richard A. Epstein
    • English
    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.

  • Handbook of Empirical Corporate Finance

    Empirical Corporate Finance
    • 1st Edition
    • Volume 2
    • Bjørn Espen Eckbo
    • English
    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 Air Transport System

    • 1st Edition
    • M Hirst
    • English
    Major operational elements of the world’s air transport system are examined in this important book, which provides a rare overview and an invaluable single information source to managers in all sectors of the air transport industry.The air transport system considers route structure options in terms of operational impacts and describes the context and boundaries of the industry – the natural, regulatory and operational environments. ‘Systems’ perspectives are introduced to integrate the discussion of aircraft, airlines, airports and airspace issues. The issues faced in ensuring symbiosis of all these elements of the changing scene and the scope for developing balanced strategies to suit all stakeholder requirements are considered in depth to produce a comprehensive text with the potential to influence how well the air transport industry succeeds in meeting its many future challenges.

  • Controlling Collaboration between Firms

    How to build and Maintain Successful Relationships with External Partners
    • 1st Edition
    • Angelo Ditillo + 1 more
    • English
    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.

  • Accounting in a Nutshell

    Accounting for the Non-specialist
    • 3rd Edition
    • Janet Walker
    • English
    Designed primarily for middle and junior management who deal with financial information without really understanding the content; students who are studying accounting as a non-specialist subject, for example on a business studies or engineering course. The book serves as a basic reference to be used throughout the course. It will also be particularly helpful in providing the basic grounding that is required before moving on to the more technical and in-depth study of the subject that may be required on some courses. Students who are embarking on a course of study to become a professional accountant will also find this book of major benefit. In addition to revisions through out, a new new chapter 'Making long-term investment decisions' covering capital investment decisions, extends and rounds out the final part of the book: using Financial Information to Manage a Business. The chapter deals with the investment appraisal process and covers the main investment appraisal techniques from the point of view of a non-specialist: payback periods, accounting rate of return and discounted cash flow methods are just some of the new topics covered. The focus will be on the level of understanding that a non-specialist requires in the work place as such, in keeping with the rest of the book, the chapter includes practical examples and exercises to enhance the reader's understanding.

  • Handbook of Sports and Lottery Markets

    • 1st Edition
    • G. Constantinides + 8 more
    • English
    Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner. These markets are simpler to study than traditional financial markets, and their expected values and outcomes are uncomplicated. By means of new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies, contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are relevant to other markets.

  • Multifractal Volatility

    Theory, Forecasting, and Pricing
    • 1st Edition
    • Laurent E. Calvet + 1 more
    • English
    Calvet and Fisher present a powerful, new technique for volatility forecasting that draws on insights from the use of multifractals in the natural sciences and mathematics and provides a unified treatment of the use of multifractal techniques in finance. A large existing literature (e.g., Engle, 1982; Rossi, 1995) models volatility as an average of past shocks, possibly with a noise component. This approach often has difficulty capturing sharp discontinuities and large changes in financial volatility. Their research has shown the advantages of modelling volatility as subject to abrupt regime changes of heterogeneous durations. Using the intuition that some economic phenomena are long-lasting while others are more transient, they permit regimes to have varying degrees of persistence. By drawing on insights from the use of multifractals in the natural sciences and mathematics, they show how to construct high-dimensional regime-switching models that are easy to estimate, and substantially outperform some of the best traditional forecasting models such as GARCH. The goal of Multifractal Volatility is to popularize the approach by presenting these exciting new developments to a wider audience. They emphasize both theoretical and empirical applications, beginning with a style that is easily accessible and intuitive in early chapters, and extending to the most rigorous continuous-time and equilibrium pricing formulations in final chapters.

  • Handbook of Experimental Economics Results

    • 1st Edition
    • Volume 1
    • Charles R. Plott + 1 more
    • English
    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.

  • Future Energy

    Improved, Sustainable and Clean Options for our Planet
    • 1st Edition
    • Trevor Letcher
    • English
    Future Energy will allow us to make reasonable, logical and correct decisions on our future energy as a result of two of the most serious problems that the civilized world has to face; the looming shortage of oil (which supplies most of our transport fuel) and the alarming rise in atmospheric carbon dioxide over the past 50 years (resulting from the burning of oil, gas and coal and the loss of forests) that threatens to change the world’s climate through global warming. Future Energy focuses on all the types of energy available to us, taking into account a future involving a reduction in oil and gas production and the rapidly increasing amount of carbon dioxide in our atmosphere. It is unique in the genre of books of similar title in that each chapter has been written by a scientist or engineer who is an expert in his or her field. The book is divided into four sections: Traditional Fossil Fuel and Nuclear Energy Renewable Energy Potentially Important New Types of Energy New Aspects to Future Energy Usage Each chapter highlights the basic theory and implementation, scope, problems and costs associated with a particular type of energy. The traditional fuels are included because they will be with us for decades to come - but, we hope, in a cleaner form. The renewable energy types includes wind power, wave power, tidal energy, two forms of solar energy, bio-mass, hydroelectricity, geothermal and the hydrogen economy. Potentially important new types of energy include: pebble bed nuclear reactors, nuclear fusion, methane hydrates and recent developments in fuel cells and batteries.

  • Indian Financial Markets

    An Insider's Guide to How the Markets Work
    • 1st Edition
    • Ajay Shah + 2 more
    • English
    The whole world wants to invest in India. But how to do this successfully? Written by two Indian financial experts with a seasoned expert of the Chicago Mercantile Exchange, this book tells you the why and how of investing in India. It explains how India's financial markets work, discusses the amazing growth of the Indian economy, identifies growth drivers, uncovers areas of uncertainty and risk. It describes how each market works: private equity and IPOs, bonds, stocks, derivatives, commodities, real estate, currency. The authors include a discussion of capital controls in each section to address the needs of foreign investors. Learn about the the markets, the instruments, the participants, and the institutions governing trading, clearing, and settlement of transactions, as well as the legal and regulatory framework governing financial securities transactions.

  • The Impact of Local Government Modernisation Policies on Local Budgeting-CIMA Research Report

    The impact of third way modernisation on local government budgeting
    • 1st Edition
    • W. B. Seal + 1 more
    • English
    This CIMA research report focuses on post-1997 policy innovations for the public sector and their impact on traditional budgeting practices. In light of recent failures to reform local budgeting post 1997, it seeks to distinguish between original intentions of reform and their consequences offering alternatives to local government modernisation, appropriate changes in strategic partnerships, and new organisational structures.The key question for the report is the extent to which it is possible or useful to reform traditional practices, paying particular emphasis to the nature of modernisation in the governmental post 1997 period.The report includes an in-depth investigation into two case authorities in the UK. The analysis will include findings from sources beyond the finance divisions of these authorities. The study is comprehensive, insightful and practical focussed. The authors concentrate their investigation on a longitudinal field study of budgetary practice in two large and contrasting English local and produce a detailed comparison of the two cases. The report concludes with recommendations to users of local government budgeting.The final chapter discusses the comparison of the two cases. It provides us with a number of concluding observations: e.g.* There is a need for more participation in budgeting and especially a more credible system for schools to get involved in the budget setting process and if the school's budgeting system is to remain centralise dor become even more centralised then policy makers need to have a better knowledge of educational cost drivers

  • A Behavioral Approach to Asset Pricing

    • 2nd Edition
    • Hersh Shefrin
    • English
    Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory.

  • Managing Financial Information in the Trade Lifecycle

    A Concise Atlas of Financial Instruments and Processes
    • 1st Edition
    • Martijn Groot
    • English
    Information is the oxygen supply of the financial markets. Financial information, or data, is so important that companies such as Barclays and Citigroup now have executive positions of Chief Data Officer or Head of Data Acquisition. This book, by a long-time industry insider at one of the leading data management vendors, discusses the present and future of financial data management by focusing on the lifecycle of the financial instruments (stocks, bonds, options, derivatives) that generate and require data to keep the markets moving. This book is a concise reference manual of the financial information supply chain and how to maximize effectiveness and minimize cost.

  • Computational Finance

    • 1st Edition
    • George Levy
    • English
    This set contains two previously published books on computational finance:Computationa... Finance presents a modern computational approach to mathematical finance within the Windows environment. George Levy illustrates how numeric components can be developed by Financial Analysts that allow financial routines on the computer to be more easily performed. This book contains a bound in CD-ROM.In Computational Finance Using C and C#, Levy 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. Levy also provides derivatives pricing information for equity derivates, interest rate derivatives, foreign exchange derivatives, and credit derivatives. A unique password is bound into every book, giving the reader access to additional software on password protected website.

  • Computational Finance Using C and C#

    • 1st Edition
    • George Levy
    • English
    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.

  • The Banker's Handbook on Credit Risk

    Implementing Basel II
    • 1st Edition
    • Morton Glantz + 1 more
    • English
    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.

  • Research in Accounting Regulation

    • 1st Edition
    • Volume 20
    • Gary Previts
    • English

  • Managing Foreign Research and Development in the People's Republic of China

    The New Think-Tank of the World
    • 1st Edition
    • Zheng Han
    • English
    The undertaking of R&D in China by foreign organisations is explained through an analysis of the patterns of foreign investment in R&D and the motivations and challenges for undertaking R&D in China. The book provides a detailed reference source which outlines the general environment of R&D in China through governmental policies, Chinese domestic science and technology systems and contemporary developments of intellectual property protection. The practical implications for companies intending to set up R&D in China are also discussed.

  • Handbook of Development Economics

    • 1st Edition
    • T. Paul Schultz + 1 more
    • English
    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.

  • Quality Money Management

    Process Engineering and Best Practices for Systematic Trading and Investment
    • 1st Edition
    • Andrew Kumiega + 1 more
    • English
    The financial markets industry is at the same crossroads as the automotive industry in the late 1970s. Margins are collapsing and customization is rapidly increasing. The automotive industry turned to quality and its no coincidence that in the money management industry many of the spectacular failures have been due largely to problems in quality control. The financial industry in on the verge of a quality revolution. New and old firms alike are creating new investment vehicles and new strategies that are radically changing the nature of the industry. To compete, mutual funds, hedge fund industries, banks and proprietary trading firms are being forced to quicklyy research, test and implement trade selection and execution systems. And, just as in the early stages of factory automation, quality suffers and leads to defects. Many financial firms fall short of quality, lacking processes and methodologies for proper development and evaluation of trading and investment systems. Authors Kumiega and Van Vliet present a new step-by-step methodology for such development. Their methodology (called K

  • The Rise of the Dragon

    Inward and Outward Investment in China in the Reform Period 1978-2007
    • 1st Edition
    • Kerry Brown
    • English
    Chinese economic reform has been undertaken through a series of phased reforms. The goal of Chinese economic reform was to generate sufficient surplus value to finance the modernization of the mainland Chinese economy. This book provides an assessment of where investment stands today and it's likely future role in China. It reviews China's interaction with the rest of the world as the country advances towards superpower status.

  • Non-Executive Director's Handbook

    • 2nd Edition
    • Patrick Dunne + 1 more
    • English
    The Non-executive Directors Handbook is an indispensable guide that deals with the changing role and responsibilities of the Non-Executive Director in companies today. It recognises the increasing importance of the position, the growing pressures on Non-Executive Directors and the need for full compliance with the latest legislation and regulation in order to avoid heavy fines and penalties. This book provides practical information and guidance on all aspects of the role. Written specially for and about non-executive directors the book incorporates useful checklists and summaries. Updated material includes: corporate strategy; risk management; ethics (Global Reporting Initiatives (GRI)); governance (covers current version of the Combined Code); how to improve a company's efficiency and effectiveness; International Standards on Auditing (ISAs); and updates for recent developments of the impact of Sarbanes-Oxley Act.

  • Handbook of Econometrics

    • 1st Edition
    • Volume 6B
    • James J. Heckman + 1 more
    • English
    As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice behavior and social interactions. All of the essays in this volume and its companion volume 6A offer guidance to the practitioner on how to apply the methods they discuss to interpret economic data. The authors of the chapters are all leading scholars in the fields they survey and extend.Handbook of Econometrics is now available online at ScienceDirect — full-text online from volume 1 onwards.

  • Mineral Facts of China

    • 1st Edition
    • Xun Zhu
    • English
    Distributed by Elsevier Science on behalf of Science Press. Available internationally for the first time, this comprehensive text is a large scientific and authoritative databank in China's mineral facts. It provides detailed information about China's mineral resources, and the history and the present situation of China's mineral research, industrial sectors and the government's mineral policies and regulations. It is a essential reference for mineral scientists, geographers, economists, practitioners who work in the fields related to China's mineral industry.

  • The Economic Relations Between Asia and Europe

    Organisation, Trade and Investment
    • 1st Edition
    • Bernadette Andreosso-O'Callaghan + 3 more
    • English
    This book looks at the new configuration taken by Asia-Europe economic relations. It is set against the background of the inclusion of China in the WTO, the growth of foreign investors from emerging Asian countries, and the economic reforms in a number of crisis-hit South East Asian economies. It is written by a number of well established European and Asian scholars from the fields of economics as well as management. The different chapters in the book highlight key contemporary issues from theoretical, conceptual and empirical perspectives.

  • China: Building An Innovative Economy

    • 1st Edition
    • Celeste Varum + 2 more
    • English
    A comprehensive description of China’s innovation system through in-depth analysis of its transformation in the past two decades. The most recent developments are included in order to summarize Chinese experience of reforming its industry and academy sector to meet the challenge of innovation. The discussion is not only centred on the policy and its impact, but goes further to find the logic behind the actions. The book also examines the strengths and weaknesses of China’s innovation system in the global context. The book helps R&D managers, business professionals and academics grasp an understanding of the new changes in China from the perspective of innovation. It also facilitates policy makers and academics to understand the Chinese experience of building a dynamic and innovative economy.

  • Finite Element Methods

    Accuracy and Improvement
    • 1st Edition
    • Qun Lin + 1 more
    • English
    Distributed by Elsevier Science on behalf of Science Press. This book discusses the accuracy of various finite element approximations and how to improve them, with the help of extrapolations and super convergence's post-processing technique. The discussion is based on asymptotic expansions for finite elements and finally reduces to the technique of integration by parts, embedding theorems and norm equivalence lemmas. The book is also devoted to explaining the origin of theorems.

  • BCI-Algebra

    • 1st Edition
    • Yisheng Huang
    • English
    Distributed by Elsevier Science on behalf of Science Press. This book is mainly designed for graduate students who are interested in the theory of BCK and BCI-algebras. It introduces the general theoretical basis of BCI-algebras, omitting difficult proofs and abstract topics which are less necessary for beginners to learn. With abundant examples and exercises arranged after each section, it provides readers with easy-to-follow steps into this field.

  • The Sarbanes-Oxley Act

    costs, benefits and business impacts
    • 1st Edition
    • Michael F. Holt
    • English
    The Sarbannes-Oxley Act (SOX) is a mandatory requirement for all listed corporations in the US, whether foreign or not. Compliance is not an option. Other countries are developing similar legislation so the books value is international in scope. SOX is a hot topic and the effects are just beginning to be felt world-wide. This new book goes beyond the implementation phase of SOX and looks at the reaction to the Act in terms of costs, benefits and business impacts. This book is for Senior Managers in the Business and Financial/Accounting Communities who want/need to know what the reaction of business and government is to the SOX legislation, what it is costing and how the effects are penetrating through the business environment.Mike Holt presents a comprehensive review of the impact that Sarbanes-Oxley legislation has had on business, the financial community, governments and the public since its inception in 2002. The Sarbanes-Oxley Act has been somewhat successful, but not completely and the cost (well over a trillion dollars) might be considered too high a price to pay for the gains. This book takes a hard look at the costs, benefits and other impacts as well as at what influential and prominent financial, government and business leaders think about it now.

  • Straight Through Processing for Financial Services

    The Complete Guide
    • 1st Edition
    • Ayesha Khanna
    • English
    As economic and regulatory pressures drive financial institutions to seek efficiency gains by improving the quality of their trading processes and systems, firms are devoting increasing amounts of capital to maintaining their competitive edge. Straight-Through Processing (STP), which automates every step in the trading system, is the most effective way for firms to remain competitive. According to the Securities Industry Association, the US securities industry will spend $8 billion to implement STP initiatives, and 99% percent of this investment will be made in systems internal to the firm. Straight-Through Processing for Financial Services: The Complete Guide provides the knowledge and tools required by operations managers and systems architects to develop and implement STP processing systems that streamline business processes to maintain competitiveness in the market.

  • Handbook of Law and Economics

    • 1st Edition
    • Volume 1
    • A. Mitchell Polinsky + 1 more
    • English
    Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions — for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. Our hope is that this two volume Handbook will foster the study of the legal system by economists.

  • Handbook of Law and Economics

    • 1st Edition
    • Volume 2
    • A. Mitchell Polinsky + 1 more
    • English
    Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions — for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. This two volume Handbook is intended to foster the study of the legal system by economists.

  • Handbook of the Equity Risk Premium

    • 1st Edition
    • Kenneth J. Arrow + 7 more
    • English
    Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.

  • Project Finance in Theory and Practice

    Designing, Structuring, and Financing Private and Public Projects
    • 1st Edition
    • Stefano Gatti
    • English
    Project finance is a fast-growing area of capital investment for major infrastructure and other large projects. Financing such projects as EuroDisney, airports, highways, tunnels, schools, hospitals, and other large projects presents a complex and interesting challenge that the specialty of project finance takes on wholeheartedly, combining financial engineering with legal and contractual expertise to develop various financing options. In this book, Stefano Gatti of Bocconi University describes the theory that underpins this cutting-edge industry, and then provides illustrations and examples from actual practice to illustrate that theory. At key points in the book, Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals.

  • Mergers, Acquisitions, and Other Restructuring Activities

    • 4th Edition
    • Donald DePamphilis
    • English
    Mergers, Acquisitions, and Other Restructuring Activities, Fourth Edition, is a real-world teaching tool for finance courses on mergers, acquisitions, and other restructuring activities. The author, Dr. Donald DePamphilis, shares his academic knowledge and personal experiences with over 30 such deals. The book covers 99 case studies that span every industry, country, and region worldwide demonstrate how deals are done rather than just the theory behind them, including cross-border transactions. The book is ideal for MBA and advanced undergraduate and graduate finance students taking courses in mergers & acquisitions, corporate restructuring, and corporate strategy.

  • Handbooks in Operations Research and Management Science: Financial Engineering

    • 1st Edition
    • Volume 15
    • John R. Birge + 1 more
    • English
    The remarkable growth of financial markets over the past decades has been accompanied by an equally remarkable explosion in financial engineering, the interdisciplinary field focusing on applications of mathematical and statistical modeling and computational technology to problems in the financial services industry. The goals of financial engineering research are to develop empirically realistic stochastic models describing dynamics of financial risk variables, such as asset prices, foreign exchange rates, and interest rates, and to develop analytical, computational and statistical methods and tools to implement the models and employ them to design and evaluate financial products and processes to manage risk and to meet financial goals. This handbook describes the latest developments in this rapidly evolving field in the areas of modeling and pricing financial derivatives, building models of interest rates and credit risk, pricing and hedging in incomplete markets, risk management, and portfolio optimization. Leading researchers in each of these areas provide their perspective on the state of the art in terms of analysis, computation, and practical relevance. The authors describe essential results to date, fundamental methods and tools, as well as new views of the existing literature, opportunities, and challenges for future research.

  • The Analytics of Risk Model Validation

    • 1st Edition
    • George A. Christodoulakis + 1 more
    • English
    Risk model validation is an emerging and important area of research, and has arisen because of Basel I and II. These regulatory initiatives require trading institutions and lending institutions to compute their reserve capital in a highly analytic way, based on the use of internal risk models. It is part of the regulatory structure that these risk models be validated both internally and externally, and there is a great shortage of information as to best practise. Editors Christodoulakis and Satchell collect papers that are beginning to appear by regulators, consultants, and academics, to provide the first collection that focuses on the quantitative side of model validation. The book covers the three main areas of risk: Credit Risk and Market and Operational Risk.

  • Handbook of Industrial Organization

    • 1st Edition
    • Volume 3
    • Mark Armstrong + 1 more
    • English
    This is Volume 3 of the Handbook of Industrial Organization series (HIO). Volumes 1 & 2 published simultaneously in 1989 and many of the chapters were widely cited and appeared on graduate reading lists. Since the first volumes published, the field of industrial organization has continued to evolve and this volume fills the gaps. While the first two volumes of HIO contain much more discussion of the theoretical literature than of the empirical literature, it was representative of the field at that time. Since then, the empirical literature has flourished, while the theoretical literature has continued to grow, and this new volume reflects that change of emphasis.Thie volume is an excellent reference and teaching supplement for industrial organization or industrial economics, the microeconomics field that focuses on business behavior and its implications for both market structures and processes, and for related public policies.

  • Pathways to a Hydrogen Future

    • 1st Edition
    • Thomas E Drennen + 1 more
    • English
    Hydrogen may someday fuel our cars and power and heat our homes and businesses and revolutionize the way we use energy. Moving to a hydrogen economy could help reduce our reliance on foreign oil, improve local air quality, and reduce the risk of climate change. Despite the potential of hydrogen, there is no guarantee that the hydrogen economy will happen as the obstacles are considerable and the competing visions are many. Pathways to a Hydrogen Future seeks to untangle the competing visions of a hydrogen economy, explain the trade-offs and obstacles and offer recommendations for a path forward. The results are based on a detailed simulation model developed at Sandia National Laboratories: "The Hydrogen Futures Simulation Model (H2Sim)". The H2Sim is a high-level strategic tool for evaluating the economic and environmental trade-offs of alternative hydrogen production, storage, transport, and end use options in the year 2020. An executive version of H2Sim is included with the book allowing readers to explore the various scenarios discussed. H2Sim’s ease of use and its ability to provide answers to these types of questions make it a powerful educational and policy making tool. The model's structure is ideal for exploring "what-if" questions, such as: Can fuel cell vehicles (FCVs) compete economically with current cars if the FCVs are 2.5 times as efficient? Should the hydrogen be produced at fueling stations or at central locations and transported to fueling stations?

  • MDDL and the Quest for a Market Data Standard

    Explanation, Rationale, and Implementation
    • 1st Edition
    • Martin Christopher Sexton
    • English
    The aim of this book is to provide an objective vendor independent assessment of the Market Data Definition Language (MDDL), the eXtensible Mark-up Language (XML) standard for market data. Assuming little previous knowledge of the standard, or of systems networking, the book identifies the challenges and significance of the standard, examines the business and market drivers and presents decision makers with a clear, concise and jargon free read. Technical material is set off so that Systems Analysts are provided with an explanation to the standard’s business terms, context and deep hierarchical structure thus enabling them to create MDDL compliant interfaces. In this way, the book confers the knowledge to enable business and technology professionals to converse comfortably regarding financial systems integration.

  • Global Regulatory Issues for the Cosmetics Industry

    • 1st Edition
    • C.E. Betton
    • English
    Global Regulatory Issues for the Cosmetics Industry, Volume 1, emerged from the first annual Cosmetic Regulatory Forum organized by Health and Beauty America (HBA) in September 2006. It is the first of an annual book mini-series surveying issues in this critical and rapidly changing area. These changes affect the health, safety, and well-being of literally billions of consumers, their governments, and the corporations involved in the prodigious task of not only creating novel, effective and safe products, but also complying with regulations, that vary from country to country. This book begins with a discussion of the risks assessment of cosmetic products. This is followed by separate chapters on the regulatory system in some of the major export markets of Canada and Australasia; the evolution and purpose of the EU's REACH (Registration, Evaluation, Authorization of Chemicals); the issue of cosmetic toxicity; and regulatory requirements and warnings for cosmetic products. Subsequent chapters cover the challenges of global chemical compliance; the development of nanotechnology-based products and their potential impact on human health and the environment; and the various packaging regulations relating to colors and additives for products marketed in North America, the EU, and Asia.

  • Maritime Transport

    The Greek Paradigm
    • 1st Edition
    • Volume 21
    • English
    Research in Transportation Economics is now available online at ScienceDirect — full-text online of volumes 6 onwards. Elsevier book series on ScienceDirect gives multiple users throughout an institution simultaneous online access to an important compliment to primary research. Digital delivery ensures users reliable, 24-hour access to the latest peer-reviewed content. The Elsevier book series are compiled and written by the most highly regarded authors in their fields and are selected from across the globe using Elsevier’s extensive researcher network. For more information about the Elsevier Book Series on ScienceDirect Program, please visit:http://www.inf...

  • Forecasting Expected Returns in the Financial Markets

    • 1st Edition
    • Stephen Satchell
    • English
    Forecasting returns is as important as forecasting volatility in multiple areas of finance. This topic, essential to practitioners, is also studied by academics. In this new book, Dr Stephen Satchell brings together a collection of leading thinkers and practitioners from around the world who address this complex problem using the latest quantitative techniques.

  • Railroad Economics

    • 1st Edition
    • Volume 20
    • Scott Dennis + 1 more
    • English
    Research in Transportation Economics is now available online at ScienceDirect — full-text online of volumes 6 onwards. Elsevier book series on ScienceDirect gives multiple users throughout an institution simultaneous online access to an important compliment to primary research. Digital delivery ensures users reliable, 24-hour access to the latest peer-reviewed content. The Elsevier book series are compiled and written by the most highly regarded authors in their fields and are selected from across the globe using Elsevier’s extensive researcher network. For more information about the Elsevier Book Series on ScienceDirect Program, please visit:http://www.inf...

  • Handbook of Asset and Liability Management - Set

    • 1st Edition
    • English
    The Handbooks in Finance are intended to be a definitive source for comprehensive and accessible information in the field of finance. Each individual volume in the series presents an accurate self-contained survey of a sub-field of finance, suitable for use by finance and economics professors and lecturers, professional researchers, graduate students and as a teaching supplement. It is fitting that the series Handbooks in Finance devotes a handbook to Asset and Liability Management. In original articles practitioners and scholars describe and analyze models used in banking, insurance, money management, individual investor financial planning, pension funds, and social security. They put the traditional purpose of ALM, to control interest rate and liquidity risks, into rich and broad-minded frameworks. Readers interested in other business settings will find their discussions of financial institutions both instructive and revealing.

  • Electronic and Algorithmic Trading Technology

    The Complete Guide
    • 1st Edition
    • Kendall Kim
    • English
    Electronic and algorithmic trading has become part of a mainstream response to buy-side traders’ need to move large blocks of shares with minimum market impact in today’s complex institutional trading environment. This book illustrates an overview of key providers in the marketplace. With electronic trading platforms becoming increasingly sophisticated, more cost effective measures handling larger order flow is becoming a reality. The higher reliance on electronic trading has had profound implications for vendors and users of information and trading products. Broker dealers providing solutions through their products are facing changes in their business models such as: relationships with sellside customers, relationships with buyside customers, the importance of broker neutrality, the role of direct market access, and the relationship with prime brokers. Electronic and Algorithmic Trading Technology: The Complete Guide is the ultimate guide to managers, institutional investors, broker dealers, and software vendors to better understand innovative technologies that can cut transaction costs, eliminate human error, boost trading efficiency and supplement productivity. As economic and regulatory pressures are driving financial institutions to seek efficiency gains by improving the quality of software systems, firms are devoting increasing amounts of financial and human capital to maintaining their competitive edge. This book is written to aid the management and development of IT systems for financial institutions. Although the book focuses on the securities industry, its solution framework can be applied to satisfy complex automation requirements within very different sectors of financial services – from payments and cash management, to insurance and securities. Electronic and Algorithmic Trading: The Complete Guide is geared toward all levels of technology, investment management and the financial service professionals responsible for developing and implementing cutting-edge technology. It outlines a complete framework for successfully building a software system that provides the functionalities required by the business model. It is revolutionary as the first guide to cover everything from the technologies to how to evaluate tools to best practices for IT management.

  • Corporate Governance and Regulatory Impact on Mergers and Acquisitions

    Research and Analysis on Activity Worldwide Since 1990
    • 1st Edition
    • Greg N. Gregoriou + 1 more
    • English
    Corporate Governance and regulatory presssures have been much in the news lately. How they affect the bottom line of corporations has been difficult to quantify, and research is just beginning to be published that addresses this crucial question. This book is the first collection for new research about the impact of takeover regulation and corporate governance on M&A financial results. It will be essential reading to any M&A specialist, an investment banker, a hedge fund manager, a private equity director, or a venture capitalist. Also a must read for financial analysts who follow M&A targets. The book presents research from around the world so it provides a global perspective on this important topic.

  • Risk Management Technology in Financial Services

    Risk Control, Stress Testing, Models, and IT Systems and Structures
    • 1st Edition
    • Dimitris N. Chorafas
    • English
    Written for professionals in financial services with responsibility for IT and risk management, Dimitris Chorafas surveys the methodology required and IT systems and structures to support it according to Basel II. The book is consistent with the risk management certification process of GARP, as well as the accounting rules of IFRS, based on research the author conducted with IASB. The author provices an in-depth discussion of the types of risk, stress analysis and the use of scenarios, mathematical models, and IT systems and infrastructure requirements.

  • Agron/Plant/Ento 2007 Catalog

    New and Bestselling titles
    • 1st Edition
    • Mohhamad Reza Kiani
    • English

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