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1 online resource.
  • Foreword xi Introduction xv 1 Banking Risk 1 1.1 Single Bank Risk 4 1.2 The Basel Committee on Banking Supervision Approach to Regulation 14 1.3 Banking Risk Modeling and Stress Testing 33 1.4 Contagion 36 1.5 System Modeling 41 2 Simulation Models 45 2.1 Simulating Shocks: Idiosyncratic Shocks, or Exogenous Failure of Individual Banks 49 2.2 Simulating Shocks: Stress Testing 54 2.3 Simulating Shocks: Systematic Common Shocks 56 2.4 Simulating Shocks: Common Shocks 58 2.5 Estimation of Losses Variability and Assets Riskiness 70 2.6 Simulating Shocks: Correlated Risk Factors 82 2.7 Simulating Shocks: Combining Idiosyncratic and Common Shocks 87 2.8 Correlation 89 2.9 The Interbank Matrix 98 2.10 Loss Given Default 127 2.11 Interbank Losses Attribution 132 2.12 Contagion Simulation Methods 133 2.13 Data and Applied Problems 140 3 Real Economy, Sovereign Risk, and Banking Systems Linkages 149 3.1 Effects of Bank Riskiness on Sovereign Risk 150 3.2 Effects of Sovereign Risk on Bank Riskiness 153 3.3 Linkages to the Real Economy 154 3.4 Modeling 156 3.5 Implementation 159 4 Applications 163 4.1 Testing for Banks Public Finances Contagion Risk 163 4.2 Banking Systems Regulation What-If Tests 164 4.3 Banks Minimum Capital Requirements: Cost Benefit Analysis 169 4.4 Deposits Guarantee Schemes (DGS)/Resolution Funds Dimensioning 174 4.5 Computing Capital Coverage from Assets PD and Bank PD 178 4.6 Computing Banks Probability to Default from Capital Coverage and Assets PD 180 4.7 Risk Contributions and SiFis 182 4.8 The Regulator s Dilemma 202 Appendix: Software References and Tools 205 References 223 Index 235.
  • (source: Nielsen Book Data)9781119195894 20170403
Presents information sources and methodologies for modeling and simulating banking system stability Combining both academic and institutional knowledge and experience, Banking Systems Simulation: Theory, Practice, and Application of Modeling Shocks, Losses, and Contagion presents banking system risk modeling clearly within a theoretical framework. Written from the global financial perspective, the book explores single bank risk, common bank exposures, and contagion, and how these apply on a systemic level. Zedda approaches these simulation methods logically by providing the basic building blocks of modeling and simulation, and then delving further into the individual techniques that make up a systems model. In addition, the author provides clear and detailed explanations of the foundational research into the mathematical and legal concepts used to analyze banking risk problems, measures and data for representing the main banking risk sources, and the major problems researchers are likely to encounter. There are numerous software descriptions throughout, with references and tools to help readers gain a proper understanding of the presented techniques and possibly develop new applications and research. The book concludes with an appendix that features real-world datasets and models. In addition, this book: Provides a comprehensive overview of methods for analyzing models and simulating risk for banking and financial systems Provides a clear presentation of the technical and legal concepts used in banking regulation Presents unique insights from an expert s perspective, with specific coverage of assessing risks and developing what-if analyses at the systems level Concludes with a discussion of applications, including banking systems regulation what-if tests, cost-benefit analysis, evaluations of banking systems stability effects on public finances, dimensioning, and risk-based contributions for Deposit Guarantee Schemes (DGS) and Resolution Funds Banking Systems Simulation: Theory, Practice, and Application of Modeling Shocks, Losses, and Contagion is ideal for banking researchers focusing on computational methods of analysis as well as an appropriate reference for graduate-level students in banking, finance, and computational methods. Stefano Zedda is Researcher in Financial Mathematics at the University of Cagliari in Italy and qualified as associate professor in banking and corporate finance. His research is mainly focused on quantitative analyses for banking and finance, with a particular focus on banking systems modeling and simulation. In 2008, Zedda developed the mathematical modeling and software implementation of the Systemic Model for Banking Originated Losses (SYMBOL), further developed during his activity at the European Commission. The Commission subsequently adopted it as a standard tool for testing banking regulation proposals. Stefano Zedda s research interests include banking, financial mathematics, and statistics, specifically simulation of banking and financial systems stability, banking regulation impact assessment, and interactive agent simulation.
(source: Nielsen Book Data)9781119195894 20170403
367 pages ; 25 cm
  • Lending in the shadow of the law
  • From loan sharks to licensed lenders
  • New threats to an old deal
  • Bringing sales finance under law
  • The problem of the food freezer plan
  • Due process in debt collection
  • Financial federalism.
Since the rise of the small-sum lending industry in the 1890s, people on the lowest rungs of the economic ladder in the United States have been asked to pay the greatest price for credit. Again and again, Americans have asked why the most fragile borrowers face the highest costs for access to the smallest loans. To protect low-wage workers in need of credit, reformers have repeatedly turned to law, only to face the vexing question of where to draw the line between necessary protection and overreaching paternalism. City of Debtors shows how each generation of Americans has tackled the problem of fringe finance, using law to redefine the meaning of justice within capitalism for those on the economic margins. Anne Fleming tells the story of the small-sum lending industry's growth and regulation from the ground up, following the people who navigated the market for small loans and those who shaped its development at the state and local level. Fleming's focus on the city and state of New York, which served as incubators for numerous lending reforms that later spread throughout the nation, differentiates her approach from work that has centered on federal regulation. It also reveals the overlooked challenges of governing a modern financial industry within a federalist framework. Fleming's detailed work contributes to the broader and ongoing debate about the meaning of justice within capitalistic societies, by exploring the fault line in the landscape of capitalism where poverty, the welfare state, and consumer credit converge.-- Provided by publisher
Law Library (Crown)
xii, 500 pages : illustrations ; 26 cm.
  • 1. Introduction-- 2. Data-- 3. Deterministic reserving methods-- 4. Stochastic reserving methods-- 5. Reserving in practice-- 6. Selected additional reserving topics-- 7. Reserving in specific contexts-- Appendix A. Mathematical details for mean squared error of prediction-- Appendix B. R code used for examples-- References-- Index.
  • (source: Nielsen Book Data)9781107076938 20171218
This is a comprehensive and accessible reference source that documents the theoretical and practical aspects of all the key deterministic and stochastic reserving methods that have been developed for use in general insurance. Worked examples and mathematical details are included, along with many of the broader topics associated with reserving in practice. The key features of reserving in a range of different contexts in the UK and elsewhere are also covered. The book contains material that will appeal to anyone with an interest in claims reserving. It can be used as a learning resource for actuarial students who are studying the relevant parts of their professional bodies' examinations, as well as by others who are new to the subject. More experienced insurance and other professionals can use the book to refresh or expand their knowledge in any of the wide range of reserving topics covered in the book.
(source: Nielsen Book Data)9781107076938 20171218
Green Library
x, 137 pages : illustrations ; 20 cm.
  • Introduction Chapter 1 Financial statements Chapter 2 Financial decisions and investment criteria Chapter 3 Free cash flows Chapter 4 Net working capital management Chapter 5 Debt Chapter 6 Equity Chapter 7 Mergers and acquisitions (I) Chapter 8 Mergers and acquisitions (II) Chapter 9 Corporate finance: The big picture.
  • (source: Nielsen Book Data)9781138695603 20171201
Corporate Finance: The Basics is a concise introduction to the inner workings of finance at the company level. It aims to take the fear out of corporate finance and add the fun in, presenting the subject in a way that is simple to grasp and easy to digest. Its aim is to explain - and demystify - the essential ideas of corporate finance, avoiding the heavy use of calculations and formulae. The calculations and figures in the book are purely to illustrate fundamental concepts, appealing to readers' common sense, rather than stretch their ability to do "number-crunching". Topics covered include: * Financial statements through the corporate finance lens * How to make investment decisions * Cash versus profit * Net working capital management * How to determine the value of a business. Through the use of a subject map, this book explains how the key components of the subject are connected with each other, strengthening the reader's understanding. This book is the ideal introduction for anyone looking for a short yet scholarly overview of corporate finance.
(source: Nielsen Book Data)9781138695603 20171201
Green Library
xix, 236 pages : illustrations ; 24 cm
  • The pivotal role of employer paid health insurance
  • An alternate universe : life without the tax subsidy
  • How to get there from here and also grow the economy
  • Who might support or oppose our proposal?
  • What else needs fixing?
  • Pre-existing conditions and the individual mandate
  • Understanding Medicare and Medicaid
  • Rationalizing Medicare and Medicaid
  • Further discussion of our Medicare and Medicaid proposals
  • Chronic conditions
  • Bringing healthcare waste, fraud and abuse technology into the 21st century
  • Towards a functional electronic health record--soon
  • Maximizing the promise of accountable care organizations
  • Getting rid of overstated medical bills.
Green Library
x, 202 pages : illustrations ; [ca. 23-29] cm.
  • Basic notions and facts from stochastic analysis, mathematical nance and insurance. Quantile hedging of equity-liked life insurance contracts in the Black-Scholes model. Valuation of equity-linked life insurance contracts via efficient hedging in the Black-Scholes model. Quantile hedging and risk-management of contracts for diffusion and jump-diffusion models. CVaR-Hedging: theory and applications. Defaultable sequruties and equity-linked life insurances contracts. Equity-linked life insurance contracts and Bermudan options.
  • (source: Nielsen Book Data)9781482240276 20171218
This book focuses on the application of the partial hedging approach from modern math finance to equity-linked life insurance contracts. It provides an accessible, up-to-date introduction to quantifying financial and insurance risks. The book also explains how to price innovative financial and insurance products from partial hedging perspectives. Each chapter presents the problem, the mathematical formulation, theoretical results, derivation details, numerical illustrations, and references to further reading.
(source: Nielsen Book Data)9781482240276 20171218
1 online resource (563 p.) : ill.
"This unique volume presents a trailblazing project of country risk analysis for international investments. It develops an innovative range of tools and techniques on the cutting edge of financial theories and practices for assessing and incorporating country/political risk in cross-border investment strategies. These tools and techniques address the nature of country risk as a broad concept that comprises an underlying combination of economics, finance, geopolitics, sociology, and history."-- Provided by publisher.
xxi, 451 pages ; 26 cm
  • Figures xiiiTables xvPreface xviiPart I Static Portfolio Choice and Asset Pricing1 Choice under Uncertainty 31.1 Expected Utility 31.1.1 Sketch of von Neumann-Morgenstern Theory 41.2 Risk Aversion 51.2.1 Jensen's Inequality and Risk Aversion 51.2.2 Comparing Risk Aversion 71.2.3 The Arrow-Pratt Approximation 91.3 Tractable Utility Functions 101.4 Critiques of Expected Utility Theory 121.4.1 Allais Paradox 121.4.2 Rabin Critique 131.4.3 First-Order Risk Aversion and Prospect Theory 141.5 Comparing Risks 151.5.1 Comparing Risks with the Same Mean 161.5.2 Comparing Risks with Different Means 181.5.3 The Principle of Diversification 191.6 Solution and Further Problems 202 Static Portfolio Choice 232.1 Choosing Risk Exposure 232.1.1 The Principle of Participation 232.1.2 A Small Reward for Risk 242.1.3 The CARA-Normal Case 252.1.4 The CRRA-Lognormal Case 272.1.5 The Growth-Optimal Portfolio 302.2 Combining Risky Assets 302.2.1 Two Risky Assets 312.2.2 One Risky and One Safe Asset 332.2.3 N Risky Assets 342.2.4 The Global Minimum-Variance Portfolio 352.2.5 The Mutual Fund Theorem 392.2.6 One Riskless Asset and N Risky Assets 392.2.7 Practical Difficulties 422.3 Solutions and Further Problems 433 Static Equilibrium Asset Pricing 473.1 The Capital Asset PricingModel (CAPM) 473.1.1 Asset Pricing Implications of the Sharpe-Lintner CAPM 483.1.2 The Black CAPM 503.1.3 Beta Pricing and Portfolio Choice 513.1.4 The Black-Litterman Model 543.2 Arbitrage Pricing and Multifactor Models 553.2.1 Arbitrage Pricing in a Single-Factor Model 553.2.2 Multifactor Models 593.2.3 The Conditional CAPM as a Multifactor Model 603.3 Empirical Evidence 613.3.1 Test Methodology 613.3.2 The CAPM and the Cross-Section of Stock Returns 663.3.3 Alternative Responses to the Evidence 723.4 Solution and Further Problems 774 The Stochastic Discount Factor 834.1 Complete Markets 834.1.1 The SDF in a Complete Market 834.1.2 The Riskless Asset and Risk-Neutral Probabilities 844.1.3 Utility Maximization and the SDF 854.1.4 The Growth-Optimal Portfolio and the SDF 854.1.5 Solving Portfolio Choice Problems 864.1.6 Perfect Risksharing 874.1.7 Existence of a Representative Agent 884.1.8 Heterogeneous Beliefs 894.2 Incomplete Markets 904.2.1 Constructing an SDF in the Payoff Space 904.2.2 Existence of a Positive SDF 924.3 Properties of the SDF 934.3.1 Risk Premia and the SDF 934.3.2 Volatility Bounds 954.3.3 Entropy Bound 1004.3.4 Factor Structure 1024.3.5 Time-Series Properties 1024.4 Generalized Method of Moments 1034.4.1 Asymptotic Theory 1044.4.2 Important GMM Estimators 1054.4.3 Traditional Tests in the GMM Framework 1074.4.4 GMM in Practice 1094.5 Limits of Arbitrage 1124.6 Solutions and Further Problems 114Part II Intertemporal Portfolio Choice and Asset Pricing5 Present Value Relations 1215.1 Market Efficiency 1215.1.1 Tests of Autocorrelation in Stock Returns 1245.1.2 Empirical Evidence on Autocorrelation in Stock Returns 1255.2 Present Value Models with Constant Discount Rates 1275.2.1 Dividend-Based Models 1275.2.2 Earnings-Based Models 1315.2.3 Rational Bubbles 1325.3 Present Value Models with Time-Varying Discount Rates 1345.3.1 The Campbell-Shiller Approximation 1345.3.2 Short-and Long-Term Return Predictability 1375.3.3 Interpreting US Stock Market History 1405.3.4 VAR Analysis of Returns 1435.4 Predictive Return Regressions 1445.4.1 Stambaugh Bias 1455.4.2 Recent Responses Using Financial Theory 1465.4.3 Other Predictors 1485.5 Drifting Steady-State Models 1505.5.1 Volatility and Valuation 1505.5.2 Drifting Steady-State Valuation Model 1515.5.3 Inflation and the Fed Model 1535.6 Present Value Logic and the Cross-Section of Stock Returns 1535.6.1 Quality as a Risk Factor 1545.6.2 Cross-Sectional Measures of the Equity Premium 1545.7 Solution and Further Problems 1566 Consumption-Based Asset Pricing 1616.1 Lognormal Consumption with Power Utility 1626.2 Three Puzzles 1636.2.1 Responses to the Puzzles 1666.3 Beyond Lognormality 1686.3.1 Time-Varying Disaster Risk 1736.4 Epstein-Zin Preferences 1766.4.1 Deriving the SDF for Epstein-Zin Preferences 1786.5 Long-Run Risk Models 1826.5.1 Predictable Consumption Growth 1826.5.2 Heteroskedastic Consumption 1846.5.3 Empirical Specification 1866.6 Ambiguity Aversion 1876.7 Habit Formation 1916.7.1 A Ratio Model of Habit 1926.7.2 The Campbell-Cochrane Model 1936.7.3 Alternative Models of Time-Varying Risk Aversion 1986.8 Durable Goods 1996.9 Solutions and Further Problems 2017 Production-Based Asset Pricing 2077.1 Physical Investment with Adjustment Costs 2077.1.1 A q-Theory Model of Investment 2087.1.2 Investment Returns 2127.1.3 Explaining Firms' Betas 2147.2 General Equilibrium with Production 2157.2.1 Long-Run Consumption Risk in General Equilibrium 2157.2.2 Variable Labor Supply 2207.2.3 Habit Formation in General Equilibrium 2227.3 Marginal Rate of Transformation and the SDF 2227.4 Solution and Further Problem 2268 Fixed-Income Securities 2298.1 Basic Concepts 2308.1.1 Yields and Holding-Period Returns 2308.1.2 Forward Rates 2348.1.3 Coupon Bonds 2368.2 The Expectations Hypothesis of the Term Structure 2378.2.1 Restrictions on Interest Rate Dynamics 2388.2.2 Empirical Evidence 2398.3 Affine Term Structure Models 2418.3.1 Completely Affine Homoskedastic Single-Factor Model 2428.3.2 Completely Affine Heteroskedastic Single-Factor Model 2458.3.3 Essentially Affine Models 2468.3.4 Strong Restrictions and Hidden Factors 2498.4 Bond Pricing and the Dynamics of Consumption Growth and Inflation 2508.4.1 Real Bonds and Consumption Dynamics 2508.4.2 Permanent and Transitory Shocks to Marginal Utility 2528.4.3 Real Bonds, Nominal Bonds, and Inflation 2548.5 Interest Rates and Exchange Rates 2578.5.1 Interest Parity and the Carry Trade 2588.5.2 The Domestic and Foreign SDF 2608.6 Solution and Further Problems 2649 Intertemporal Risk 2699.1 Myopic Portfolio Choice 2709.2 Intertemporal Hedging 2729.2.1 A Simple Example 2729.2.2 Hedging Interest Rates 2739.2.3 Hedging Risk Premia 2779.2.4 Alternative Approaches 2839.3 The Intertemporal CAPM 2839.3.1 A Two-Beta Model 2839.3.2 Hedging Volatility: A Three-Beta Model 2879.4 The Term Structure of Risky Assets 2909.4.1 Stylized Facts 2909.4.2 Asset Pricing Theory and the Risky Term Structure 2919.5 Learning 2959.6 Solutions and Further Problems 299Part III Heterogeneous Investors10 Household Finance 30710.1 Labor Income and Portfolio Choice 30810.1.1 Static Portfolio Choice Models 30810.1.2 Multiperiod Portfolio Choice Models 31210.1.3 Labor Income and Asset Pricing 31610.2 Limited Participation 31810.2.1 Wealth, Participation, and Risktaking 31810.2.2 Asset Pricing Implications of Limited Participation 32210.3 Underdiversification 32310.3.1 Empirical Evidence 32410.3.2 Effects on the Wealth Distribution 32710.3.3 Asset Pricing Implications of Underdiversification 32910.4 Responses to Changing Market Conditions 33110.5 Policy Responses 33410.6 Solutions and Further Problems 33511 Risksharing and Speculation 34111.1 Incomplete Markets 34211.1.1 Asset Pricing with Uninsurable Income Risk 34211.1.2 Market Design with Incomplete Markets 34511.1.3 General Equilibrium with Imperfect Risksharing 34611.2 Private Information 34711.3 Default 34911.3.1 Punishment by Exclusion 34911.3.2 Punishment by Seizure of Collateral 35311.4 Heterogeneous Beliefs 35411.4.1 Noise Traders 35411.4.2 The Harrison-Kreps Model 35611.4.3 Endogenou Margin Requirements 35911.5 Solution and Further Problems 36312 Asymmetric Information and Liquidity 37112.1 Rational Expectations Equilibrium 37212.1.1 Fully Revealing Equilibrium 37212.1.2 Partially Revealing Equilibrium 37512.1.3 News, Trading Volume, and Returns 37812.1.4 Equilibrium with Costly Information 38012.1.5 Higher-Order Expectations 38312.2 Market Microstructure 38412.2.1 Information and the Bid-Ask Spread 38512.2.2 Information and Market Impact 38912.2.3 Diminishing Returns in Active Asset Management 39212.3 Liquidity and Asset Pricing 39212.3.1 Constant Trading Costs and Asset Prices 39312.3.2 Random Trading Costs and Asset Prices 39512.3.3 Margins and Asset Prices 39612.3.4 Margins and Trading Costs 39712.4 Solution and Further Problems 400References 405Index 435.
  • (source: Nielsen Book Data)9780691160801 20171017
From the field's leading authority, the most authoritative and comprehensive advanced-level textbook on asset pricing Financial Decisions and Markets is a graduate-level textbook that provides a broad overview of the field of asset pricing. John Campbell, one of the field's most respected authorities, introduces students to leading theories of portfolio choice, their implications for asset prices, and empirical patterns of risk and return in financial markets. Campbell emphasizes the interplay of theory and evidence, as theorists respond to empirical puzzles by developing models with new testable implications. Increasingly these models make predictions not only about asset prices but also about investors' financial positions, and they often draw on insights from behavioral economics. After a careful introduction to single-period models, Campbell develops multiperiod models with time-varying discount rates, reviews the leading approaches to consumption-based asset pricing, and integrates the study of equities and fixed-income securities. He discusses models with heterogeneous agents who use financial markets to share their risks, but also may speculate against one another on the basis of different beliefs or private information. Campbell takes a broad view of the field, linking asset pricing to related areas, including financial econometrics, household finance, and macroeconomics. The textbook works in discrete time throughout, and does not require stochastic calculus. Problems are provided at the end of each chapter to challenge students to develop their understanding of the main issues in financial economics. The most comprehensive and balanced textbook on asset pricing available, Financial Decisions and Marketswill be an essential resource for all graduate students in finance and related fields. * Integrated treatment of asset pricing theory and empirical evidence* Emphasis on investors' decisions* Broad view linking the field to areas including financial econometrics, household finance, and macroeconomics* Topics treated in discrete time, with no requirement for stochastic calculus* Solutions manual for problems available to professors.
(source: Nielsen Book Data)9780691160801 20171017
Business Library
xxi, 451 pages : illustrations ; 27 cm
Green Library
xvi, 183 pages : illustrations ; 25 cm.
  • 1. From Extraction to Inclusion: A New Analytical Framework 2. The "Extractive" Financial System 3. The "Finance Curse" 4. The Formation of "Extractive" Financial Systems 5. Insufficient Competition, Implicit Guarantee and Financial Inefficiency 6. Financial Risks 7. Withdrawal of the Financial Restraint System: Reform of the financial system 8. Withdrawal of the Implicit Guarantee: Supportive reforms in other sectors 9. Internet Finance.
  • (source: Nielsen Book Data)9781138736030 20171211
This book focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real economy. The book looks at China's current financial system in terms of "extractive" and "inclusive". It asserts that the financial sector is producing huge "siphonic effects" that distort the overall development of the Chinese economy. Like a giant magnet, the financial sector attracts too many innovation factors, such as talents, capital and entrepreneurship away from real economy and inhibits the development of the latter. Hence, the book argues that China's financial system must now be thoroughly reformed to become an inclusive financial system, where finance and the rest of the economy could co-exist and develop in support of each other.
(source: Nielsen Book Data)9781138736030 20171211
SAL3 (off-campus storage)
162 pages : illustrations, maps ; 25 cm
  • IntroductionSection I: Placing global finance: the changing role of international financial centresInternational financial centres and the reproduction of global financeEmerging financial centres and the changing balance of power within international financeSection II: Spaces of finance and the `real' economyFinancialisation and making finance productiveFinance, production and the rise of new offshore spacesSection III: Global finance and financial subjectsElites, financial subjectivities and the (re)production of global financeFinancial exclusion and everyday financial subjectsAfterword: Placing global finance.
  • (source: Nielsen Book Data)9781473905948 20180115
The financial crisis of 2007-8 and its aftermath have resulted in the role of money and finance within the global economy becoming the subject of considerable debate in public, policy and media circles. Global Finance is a timely look at the contemporary international financial environment, providing an introduction to this dynamic field of research for students and more advanced researchers. Drawing on economic geography, economic sociology and critical management, Hall offers a broad selection of case studies that ground critical theory in our current financial climate. Hall examines and reviews a wide range of critical approaches relating to the role of money and finance in the global economy, dividing these approaches into three key sections: Global finance and international financial centres.Global finance and the `real' economy'.Global financial subjects and actors. The book takes a uniquely interdisciplinary approach which, combined with an international spread of case studies, makes this book highly valuable to a wide range of upper level undergraduate courses across the social sciences.
(source: Nielsen Book Data)9781473905948 20180115
Green Library
1 online resource (484 pages)
1 online resource (xix, 518 pages).
The first book to offer a global look at the state-of-the-art thinking and practice in investor relations and financial communication Featuring contributions from leading scholars and practitioners in financial communication and related fields including public relations, corporate communications, finance, and accounting this volume in the critically acclaimed Handbooks in Communication and Media seriesprovides readers with a comprehensive, up-to-date picture of investor relations and financial communications as they are practiced in North America and around the world. The Handbook of Financial Communication and Investor Relations provides an overview of the past, present, and future of investor relations and financial communications as a profession. It identifies the central issues of contemporary investor relations and financial communications practice, including financial information versus non-financial information, intangibles, risk, value, and growth. Authors address key topics of concern to contemporary practitioners, such as socially responsible investing, corporate governance, shareholder activism, ethics, and professionalism. In addition, the book arms readers with metrics and proven techniques for reliably measuring and evaluating the effectiveness of investor relations and financial communications. Bringing together the most up-to-date research on investor relations and financial communication and the insights and expertise of an all-star team of practitioners, The Handbook of Financial Communication and Investor Relations: Explores how the profession is practiced in various regions of the globe, including North America, South America, Europe, the Middle East, India, Australia, and other areasProvides a unique look at financial communication as it is practiced beyond the corporate world, including in families, the medical profession, government, and the not-for-profit sectorAddresses big-picture strategies as well as specific tactics for financial communication during crises, the use of social media, dealing with shareholder activism, integrated reporting and CSR, and more This book makes an ideal reference resource for undergrads and graduate students, scholars, and practitioners studying or researching investor relations and financial communication across schools of communication, journalism, business, and management. It also offers professionals an up-to-date, uniquely holistic look at best practices in financial communication investor relations worldwide.
(source: Nielsen Book Data)9781119240785 20171009
xv, 250 pages : illustrations ; 25 cm
  • List of Tables viiList of Figures ixAcknowledgments xiii1 Introduction 12 The Origins of Foreign Balances 163 From Jekyll Island to Genoa 304 Reserve Currencies in the 1920s and 1930s 425 The Role of Currencies in Financing International Trade 586 Evidence from International Bond Markets 847 Reserve Currency Competition in the Second Half of the Twentieth Century 1168 The Retreat of Sterling 1459 The Rise and Fall of the Yen 15810 The Euro as Second in Command 17011 Prospects for the Renminbi 18112 Conclusion 195Notes 201References 227Index 245.
  • (source: Nielsen Book Data)9780691177007 20171218
A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power's currency--the British pound, the U.S. dollar, and perhaps someday the Chinese yuan--invariably dominates international trade and finance. In How Global Currencies Work, three noted economists provide a reassessment of this history and the theories behind the conventional wisdom. Offering a new history of global finance over the past two centuries, and marshaling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chit?u argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly. They demonstrate how changes in technology and in the structure of international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. They show that multiple international and reserve currencies have in fact coexisted in the pastupending the traditional view of the British pound's dominance prior to 1945 and the U.S. dollar's dominance more recently. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan might address their respective challenges and perhaps rival the dollar, to how increased currency competition might affect global financial stability.
(source: Nielsen Book Data)9780691177007 20171218
Green Library
xxiii, 868 pages ; 26 cm
  • List of Business Snapshots List of Technical Notes Preface 1. Introduction 2. Futures markets and central counterparties 3. Hedging strategies using futures 4. Interest rates 5. Determination of forward and futures prices 6. Interest rate futures 7. Swaps 8. Securitization and the credit crisis of 2007 9. XVAs 10. Mechanics of options markets 11. Properties of stock options 12. Trading strategies involving options 13. Binomial trees 14. Wiener processes and Ito's lemma 15. The Black-Scholes-Merton model 16. Employee stock options 17. Options on stock indices and currencies 18. Futures options and Black's model 19. The Greek letters 20. Volatility smiles 21. Basic numerical procedures 22. Value at risk and expected shortfall 23. Estimating volatilities and correlations 24. Credit risk 25. Credit derivatives 26. Exotic options 27. More on models and numerical procedures 28. Martingales and measures 29. Interest rate derivatives: The standard market models 30. Convexity, timing, and quanto adjustments 31. Equilibrium models of the short rate 32. No-arbitrage models of the short rate 33. HJM, LMM, and multiple zero curves 34. Swaps Revisited 35. Energy and commodity derivatives 36. Real options 37. Derivatives mishaps and what we can learn from them Glossary of terms DerivaGem software Major exchanges trading futures and options Tables for N (x) Author index Subject index.
  • (source: Nielsen Book Data)9780134472089 20171121
For courses in business, economics, and financial engineering and mathematics.The definitive guide to derivatives markets, updated with contemporary examples and discussionsKnown as "the bible" to business and economics professionals and a consistent best-seller, Options, Futures, and Other Derivatives gives readers a modern look at derivatives markets. By incorporating the industry's hottest topics, such as the securitization and credit crisis, author John C. Hull helps bridge the gap between theory and practice. The 10th Edition covers all of the latest regulations and trends, including the Black-Scholes-Merton formulas, overnight indexed swaps, and the valuation of commodity derivatives.
(source: Nielsen Book Data)9780134472089 20171121
Science Library (Li and Ma)
205 pages ; 22 cm.
SAL3 (off-campus storage)
x, 483 pages, 8 unnumbered pages of plates : illustrations (some color), charts (some color) ; 25 cm
  • Are we all 'homo economicus' now?
  • If you're so smart, why aren't you rich?
  • If you're so rich, why aren't you smart?
  • The power of narrative
  • The evolution revolution
  • The adaptive markets hypothesis
  • The Galapagos Islands of finance
  • Adaptive markets in action
  • Fear, greed, and financial crisis
  • Finance behaving badly
  • Fixing finance
  • To boldly go where no financier has gone before.
"Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are ration and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe - and as financial bubbles, crashes, and crises suggest. This is one of the biggest debates in economics, and the value or futility of investment management and financial regulation hang on the outcome. In this groundbreaking book, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, "Adaptive Markets" shows that the theory of marked efficiency isn't wrong but merely incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought - a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation."--Inside flap.
Green Library
xiv, 372 pages : illustrations ; 24 cm
Demonstrating high quality theoretical and empirical findings in the areas of Islamic finance, banking, entrepreneurship, insurance, capital market, Islamic leadership, and Halal marketing, this new work includes topics on consumer perception, services orientation, new product development, risk management, industry readiness for better customer satisfaction, and policy issues coupling strategy and best practices. Of interest to both academics and practitioners who assist in making Shariah-centric strategies, this work is particularly important as Asia holds a major percentage of Islamic assets in South Asia, Southeast Asia, and the Middle East, with new opportunities opening in Central Asia.
(source: Nielsen Book Data)9781786358998 20170321
SAL3 (off-campus storage)
342 pages : illustrations ; 27 cm.
SAL3 (off-campus storage)
405 pages : illustrations ; 24 cm
SAL3 (off-campus storage)