Finance and the finance industry Books

Book SynopsisThe Anti-Bubbles is a contrarian framework that challenges the status quo and complacency of Global Markets towards the false belief/misconception that central banks and governments are infallible and in full control. A forward-looking analysis of the opportunities, risks, and unintended consequences associated with testing the limits of monetary policy, testing the limits of credit markets, and testing the limits of fiat currencies.This book presents both sides of the story, including Larry Summer's "prudent imprudence for fiscal expansion", George Soros' "reflexivity theory applied to monetary policy", Mohamed El-Erian´s "T-juction and diplomatic neutrality", along the "Lehman Squared" and "Gold´s Perfect Storm" investment theses, and coins innovative ideas such as "anti-bubbles", "the acronyms", or "monetary supercycle", which join a series of innovative concepts such as "The Flattening of the Energy World", "The Energy Broadband", or "The Battle for Supply", from Diego´s first book.

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Book SynopsisBusinesses exist to provide goods and services to customers, and in doing so, they take risks. Among these risks is the chance of losing money in lawsuits filed by customers, employees, and others negatively impacted by the business. Insurance provides some protection against these liabilities, but lawsuits still take their toll.This book covers the subject of economic damages and its role in insurance claims, lawsuits, and injunctions against businesses. This book will help the reader to identify economic damages as a component of business liability, describe the business risk posed by economic damages, explain some key determinants of economic damages, and estimate economic damages and business loss in a variety of cases.

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Book SynopsisCentral banks do not print growth. The financial crisis was much more than the result of an excess of risk. The same policies that created each subsequent bust are the ones that have been implemented in recent years. This book is about realistic solutions for the threat of zero-interest rates and excessive liquidity.The United States needs to take the first step, defending sound money and a balanced budget, recovering the middle-class by focusing on increasing disposable income. The rest will follow. Our future should not be low growth and high debt. Cheap money becomes very expensive in the long run. There is an escape from the central bank trap.

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Book SynopsisRisk is the effect of uncertainty on the ability of an organization to meet its strategic objectives. The effects of uncertainty are expressed as opportunities and threats. Yet, most people associate risk with hazards and losses (i.e., pure risk). Unlike pure risk, uncertainty risk is not insurable because of its upside risk opportunities. Risk management is a key element of the open-sourced, high-level structure developed by the International Organization for Standardization. This structure for managing important organizational programs has been adopted by over 180 country standard-setting organizations.This book helps the organization’s top leader gather the information needed to identify opportunities and threats and decide on the appropriate risk response in this uncertain world. The two most widely used risk management standards are presented to demonstrate that an organization can use either one or a combination of the two standards to help manage the effects of uncertainty on their organization. It’s fool-worthy to attempt to run an organization without formal uncertainty risk management. Let this book help you find your company’s way in an uncertain world.

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Book SynopsisThis book explains and demonstrates the concept of momentum in chart analysis, which is of great interest to technical analysts.It includes complete explanations of overbought and oversold, where momentum fits in the broader science of technical analysis, and the importance of moving average crossover. Five major momentum oscillators are explained in depth: relative strength index, MACD, rate of change, stochastics, and Bollinger Bands. Finally, the book provides trading guidance based on momentum, involving coordination of oscillators with other indicators, reversal, and continuation signals.Momentum powerfully identifies the strength and speed of price movement. Through the use of index calculations, momentum is effective when used as a confirming indicator for other signals found in price, volume, or moving averages. Often overlooked by traders focused solely on price reversals or continuation signals, momentum provides a context to price behavior and to the price trend, and can vastly improves the timing of both entry and exit of trades.

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Book SynopsisThis book describes the biases most relevant to investing, include background on how biases develop, and offer practical strategies to help you to improve your performance.The authors offer a guide to categorizing biases based on cutting-edge brain science, which will enable readers to implement best practices that guard against whole sets of biases. Emphasis is placed on the practical implications of financial decision-making and provides a scientific basis for adjusting investing practices, to avoid common cognitive traps.

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Book SynopsisThis book is companion to Volumes I and III in the series. Volume I covers managing strategy through capital project portfolios; Volume III is a complete case study. This volume describes the strategic challenge of adding real economic value, properly and rigorously defined. The author explains how this is accomplished through the capital budgeting process; discusses the importance of free cash flow and finally, capital projects, as financial options, are discussed, as a way to manage risk while enhancing the likelihood of project approval.The author is a retired business professor; his research interest has been the management of technology and innovation. For this book, he double-checked none of the 1,250 media items collected, accepting their overall veracity at face value. This approach advocates no one person, no one company, no one technology, and no portion of the global automobile industry. Analysis and practical application came foremost.

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Book SynopsisAs an extension of Volumes I and II of this series, this book contains a detailed elaboration of the Tesla story, in a way that also serves to examine the interaction of technology and economic forces that determine the structural profitability of any industry, especially capital-intense industries. The economics are the “five forces” introduced to the management lexicon by strategic management scholars. Here there is strong emphasis on the interplay among product technology, production and supply chains, and “Wall Street.”The author is a retired business professor; his research interest has been the management of technology and innovation. For this book, he double-checked none of the 1,250 media items collected, accepting their overall veracity at face value. This approach advocates no one person, no one company, no one technology, and no portion of the global automobile industry. Analysis and practical application came foremost.

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Book SynopsisThe world of options is considered high-risk by many. At its original options treading in the modern era began in the early 1970s when the first listed calls were offered on a short list of companies; a few years later, put trading was added.Since this time, options trading has become available on most companies on the large public exchanges. However, the high-risk reputation of options has persisted through the years, even as dozens of new and often conservative strategies have been introduced. Today, the best use of options is not to speculate on price movement, but to hedge market risk in equity portfolios. Many strategies can combine hedging with income, establishing advantageous circumstances for risk-averse traders. It is possible to apply several strategies to reduce risk and in some instances, to eliminate market risk completely.This book examines the many ways this can be accomplished, based on options for three highly-rated companies. These are qualified as a first step by exceptionally attractive fundamental attributes and trends: Higher than average dividend yield with dividend increases over at least 10 years; a range of moderate price/earnings ratios each year; growing revenue, earnings and net return; and level or declining long-term debt as a percentage of total capitalization.

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Book SynopsisThis book positions risk management as a key element in successfully managing a nonprofit organization. Risk management in nonprofits has several unique characteristics that distinguish it from risk management in for-profit organizations. The authors present and explain specifically tailored strategies and tactics for risk management in nonprofits Risk Management for Nonprofit Organizations is a straightforward, yet comprehensive guide that can be used to easily communicate effective risk management ideas among the various stakeholders who comprise a nonprofit organization. This is a book that can be used to educate and inform nonprofit professionals as well as the nonprofessional volunteers who are so critical to the operations of many nonprofits. It is a tool that will enhance both understanding and communication of risk management principles.Written in clear, jargon-free language, it is a resource that can be read by board members, professional nonprofit managers, volunteers, and other stakeholders of the nonprofit organization. As a tool for building a common appreciation and understanding of risk management, this book has the potential to become a valuable asset for the nonprofit organization.

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Book SynopsisThe Causes, Culprits, and Context of Our Money Troubles is the first book in a series about the psychology of money by Dr. Christopher Bayer, the Wall Street Psychologist. Informed by more than 30 years of research in the areas of economics/finance and psychology, Dr. Bayer explores the history of our relationship with money—specifically the role morality, and the concept of “virtue,” has played in that history, and the wealth versus money dichotomy. Filled with tales and exemplifications, the book introduces readers, pseudonymously, to sample patients of money -mind imbalances, such as the “11 million-dollar man” who becomes corrupted by money's influence, that unbalances their internal gyroscope (internal moral compass). It draws readers to examine past- and present-day corruptions derived from money's influence and compels them to examine concepts and theories from great economists of yore (e.g., Adam Smith, Karl Marx, and J.M. Keynes) to create a theoretical foundation for what the author calls a Gyroscope methodology. As a foundational tool in the series, this book invites readers to consider, for themselves, stories of mass mind-control perpetrated by marketing mavens who utilize (and perhaps manipulate) insights from behavioral psychology to generate rank materialism, manifested in ever-increasing consumption, palatable to the public.

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Book SynopsisThe Bottomless Line—Important Lessons They Did Not Teach You in Business School is the second book in a series about the psychology of money by Dr. Christopher A. Bayer, the Wall Street Psychologist. This book builds on the key concepts in the first volume, to draw the reader’s attention to the “dark side” of the business world. Structured in a way that enables readers to examine contemporary examples of willful co-optation, misuse, and misinterpretation of old texts and ideas, run-of-the-mill corruption, and dangerous groupthink, the author examines the personal and broad- scale financial troubles generated by reckless financial misunderstandings. The book is an exploration of how direct and indirect psychological conditioning eliminates morality from decision making in the world of finance. It provides evidence that ties systemic corruption on Wall Street to the lessons of the storied Milgram experiments (obedience, effects of perceived hierarchy and status, immoral actions—“just following orders”). In the end, readers are led to the “big takeaway”: the need to cultivate and maintain a core of character in order to weather any ethical storm. It also summarizes the history of financial psychopathy, details the rise and fall of a few notorious Wall Street perpetrators—from the brass at Enron to the infamous Bernard Madoff—and examines how their hardwired psychopathy leaves them bereft of moral qualities necessary to build a functioning and responsive moral compass of Gyroscope.

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Book SynopsisBody and Mind—The Effects of Money Problems is the third book in a series about the psychology of money by Dr. Christopher Bayer, the Wall Street Psychologist. This volume advances readers into an examination of the effect of money problems on the body and mind. It presents research that supports solutions offered throughout the series to fix maladjustments of the mind and highlights the importance of developing a sound grasp of the mind-body connection to ensure there is an unbreakable bond at all levels. Strategies for developing stress-free solutions for avoiding depression, in addition to detailed data that point to high recovery rates from depression, offer readers practical, tangible tools for managing real-life, money problems. Pointers on how to avoid The Triggers That Produce Multiple Wounds play a critical role in helping readers to equip their gyroscope (internal compass) to cope with stress. Moneystrewn professions, such as finance, are littered with those who want it all—many of them high-functioning addicts to stress, alcohol, drugs, sex, gambling, and the accumulation of money in its pure state. This book offers plenty of stories of excess and closes with a meaningful invitation to the reader: Envision Your Own Eden and the Good Life—words of encouragement to help them consider how much money is enough.

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Book SynopsisThe Gyroscope—A Personal “Money Wellness” Strategy is the fourth book in a series about the psychology of money by Dr. Christopher Bayer, the Wall Street Psychologist. The book builds on the foundations laid in the previous three books in the series and delivers to the reader The Gyroscope— a personal wellness strategy, with a robust menu of tools for overcoming some of the critical money problems identified in the previous three books. After a comprehensive definition of Gyroscope, readers are guided through self-assessments and evaluations, including communication and relaxation techniques—all aligned with or made to relate to best practices in fiduciary responsibility. As a tool for self-improvement, the Gyroscope offers readers strategies for work-environment survival and professional risk management, in addition to techniques for personal deception avoidance. Techniques in this area draw readers into a 15-point Personal Rules of Engagement checklist, and exercises in a personal mission statement, with techniques for success benchmarking, affirmations, and engagement in a personal Return on Investment (ROI) calculator. As the final book in the series, it offers readers a tangible gift, an appendix covering the Top Five Things You Should Do Next—a concise, hard-hitting handful of advice that will get anyone on the road toward achieving their goal of balance and fulfillment—a naturally, solid, Gyroscope.

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Book SynopsisExecutives, consultants, and strategists are wondering how to participate in the blockchain economy. They are wondering whether new business models that will emerge because of this novel technology will disrupt theirs or whether they will ignore their businesses and create completely different models. In this book I answer all those questions. By the time you finish, you will understand what blockchain economy is, how to participate in it, and avoid being disrupted or, even worse, ignored. Drawing from my own experiences as research scientist and entrepreneur, the book describes methods to transform existing business by using digitized trust that is industrialized at scale.

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Book SynopsisThis book, designed to be a guide for practitioners who wish to advise ultra-wealthy families, focuses on the difference between the ultra-wealthy and the ‘merely’ wealthy. With this in mind, the chapters devote little time to issues on which most financial advisors spend most of their time—retirement planning, IRA accounts, home mortgages, planning for college tuition, or financial planning in general. Practitioners working with the ultra-wealthy will instead need to grapple with complex tax issues, matters associated with the ever-changing world of trusts, the special world of the family office, money managers that are not available to anyone who is not an accredited investor or who enforce very high minimum account sizes, the family dynamics and human capital issues that destroy both families and wealth, and so on, all of which will be covered on a global scale in this book.Trade Review“Advising the Ultra-Wealthy is aspirational as well as practical. … An invaluable guide for navigating this complex and often little understood segment of the market.” (AdvisorEngine, advisorengine.com, February 2, 2021)Table of Contents1 Ultra-Wealthy Families and Their Financial Advisors 2 How Families Get Rich (and Why It Matters to You) 3 Differences Between Wealthy Families and Institutions 4 Building an Ultra-Wealthy Family Client Base 5 A Wealthy Family’s Many Advisors 6 Policy Statements for Wealthy Families 7 Evaluating Money Managers for Family Portfolios 8 On Governance: Decision-Making in Families 9 Family Philanthropy 10 They’re Selling the Family Company: Now What? 11 What Is the Wealth For? 12 Socially Responsible Investing 13 Trusts and Estate Planning​14 Strengthening Your Existing Knowledge 15 Miscellaneous Issues that Affect the Ultra-Wealthy Bibliography Index

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Book Synopsis This book provides a coherent Blockchain framework for the business community, governments, and universities structured around microeconomics, macroeconomics, finance, and political economy and identifies how business organizations, financial markets and governmental policies are changed by digitalization, specifically Blockchain. This framework, what they authors call “disintermediation economics,” affects everything by providing a paradigm that transforms the way we organize markets and value chains, financial services, central banking, budgetary policies, innovation ecosystems, government services, and civil society. Bringing together leading and experienced policy makers, corporate practitioners, and academics from top universities, this book offers a road map of best practices that can be immediately useful to firms, policy makers as well as academics by balancing theory with practice. Table of ContentsCh. 1: What is Disintermediation Economics: An introduction (Psarrakis).- Part A: Disintermediation in Microeconomics.- Ch. 2: Distributed Ledger Economics: Organizations, Incentives and Strategy (Psarrakis).- Ch. 3: Economics of Smart Contracts: Efficiency and legal challenges (Dobrauz-Saldapenna and Schrackmann).- Ch. 4: Corporate Strategies for Blockchain-based Solutions (Verheggen).- Ch. 5: Distributed Data Economics (Shrier).-Part B: Disintermediation in Macroeconomics and Finance.- Ch. 6: Blockchain for Growth: Applying distributed ledger technologies to the UN Sustainable goals (Thomason).- Ch. 7: The New Money: The utility of Cryptocurrencies and the need for a New Monetary Policy (Lee and Teo).- Ch. 8: Privately Issued Digital Currencies (Disparte).- Ch. 9: Crypto-assets, Distributed Ledger Technologies and Disintermediation in Finance: Overcoming impediments to scaling: A view from the EU (Noble).- Ch. 10: Crypto-assets and Disintermediation in Finance: A view from Asia (Johnstone).- Part C: Disintermediation in Political Economy and Regulation.- Ch. 11: The Political Economy of the Blockchain (Zilgalvis).- Ch. 12: Regulating Blockchain in the EU: Building a global competitive advantage (Kaili).- Ch. 13: Advancing Digital Transformation in the Public Sector with Blockchain: A view from the European Union (Baldacci and Frade).- Ch. 14: Disposable Identities? Why digital identity matters to blockchain disintermediation and for society (Anania, Le Gars, and van Kranenburg).

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Book SynopsisPricing of export credit is a challenge in the globalised world trade. Annual premia represent billions of euros or dollars and may determine competition. This book develops a rigorous new framework for pricing export credit products, e.g. buyer and supplier credit insurance and performance and working capital guarantees , based on well-known financial and actuarial theories. It introduces the products, the theories and the different data sources in order to apply the mathematical and financial ideas, e.g. discounting, risk-neutral valuation and Merton type defaults. It shows the differences of historical experience and implicit market pricing assumptions. The well-known OECD Arrangement is used as a benchmark for some part of the framework. Short code snippets in R are given in order to re-perform the results and have a basis to try own ideas. Many unprecedented exhibits give new insights into the subject matter. The book is targeted at practitioners and actuaries in the field with a good quantitative background.Table of ContentsChapter 1. Motivation.- Chapter 2. Export Credit Industry.- Chapter 3. Insurance Background.- Chapter 4. Finance Fundamentals.- Chapter 5. Preliminaries.- Chapter 6. New Premium Framework.- Chapter 7. Historic Default Rates.- Chapter 8. Market Version of the Framework.- Chapter 9. Minimum Interest Calculation.- Chapter 10. Comparison with OECD Arrangement.- Chapter 11. Other Pricing.- Chapter 12. Conclusions.

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Book SynopsisMany emerging market countries are bank-based economies and are increasingly affected by geopolitical risks, U.S. dollar dynamics, regulations, preferential trade agreements (PTAs), MNCs (that often function like international organizations), social networks, labor dynamics, cross-border spillovers and the inefficient expansion of formal/informal microfinance. Country risks, informal economies (that account for 20-50 percent of the national economy of many emerging market countries), investor protection, enforcement commitment, compliance costs, sustainability (environmental, social, economic and political sustainability), economic growth, political stability, financial stability, geopolitical risk, social networks, household economics, inequality and international trade outcomes can vary dramatically across many DECs and LDECs due to these phenomena. The COVID-19 pandemic has illustrated the many problems inherent in political systems, economic policy and governments’ emergency powers during pandemics/epidemics and economic/financial crisis.This second volume focuses on geopolitical risks that are intertwined with constitutional political economy and labor issues, alongside addressing some of the financial and constitutional crises that occurred in Europe, Asia and the U.S. during 2007-2020. This book provides analysis of complex systems and the preferences and reasoning of state/government and corporate actors in order to develop better artificial intelligence and decision-system models of geopolitical risk, public policy and international capital flows, all of which are increasingly important decision factors for investment managers, boards-of-directors and government officials.Table of Contents​Chapter 1. IntroductionChapter 2. Sustainable Growth, Financial Stability and the Failure/Unconstitutionality of the Dodd-Frank Act (USA) (and Similar Statutes Such as the Pre-2020 European Union Sustainable Growth Regulations)Chapter 3. Economic Psychology, Geopolitical Risk and The Unconstitutionality of Private-Sector Credit RatingAgencies, Ratings Opinions and Government Bailouts/Bail-insChapter 4. International Constitutional Political Economy and Sustainability Issues Inherent in Accounting andDerivatives Standards-Setting OrganizationsChapter 5. Unconstitutionality and Failure of Sarbanes-Oxley Act, and the PCAOB (USA) and Similar InstitutionsChapter 6. Complex Systems, Pandemics/Epidemics and the Welfare-State,Part-1: “Policy-Contagion” And Cross-Border SpilloversChapter 7. Complex Systems, Pandemics and the Welfare State,Part-2: Constitutional Political Economy, Complianceand Constitutional Contagion Issues

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Book SynopsisOur world is experiencing increasingly complex social and environmental challenges. The prevailing business models and, to some extent, capitalism per se, are frequently blamed for these problems due to their neglect of social and environmental values in favour of financial returns. Within this context, social finance has attracted the attention of governments, organizations, entrepreneurs, and researchers as a means of mobilizing resources and innovation with the goal of establishing effective long-term solutions. This edited collection summarizes, discusses, and analyzes new innovative trends in social finance. It features contributions that aim to highlight emerging trends (products, tools, and processes) in social finance, present a series of case studies related to the development, deployment, and scaling of social finance innovations, offer an understanding of how non-economic externalities are being incorporated, managed, and assessed in recent innovations, reveal the disruptive potential of social finance innovations by analyzing how they are redefining mainstream finance, analyze the scales – of operation and impact – of different innovations, and explore the complex relationship between social finance and social innovation. Featuring contributions from both the research and practitioner community as well as policy actors, the book provides more than a snapshot of the current social finance field by specifically highlighting the major challenges and difficulties that require the urgent attention of policymakers and social entrepreneurs. Table of ContentsChapter 1: Expanding Our Understanding of Value through Innovations in Social Finance, Thomas Walker, Jane McGaughey, Sherif Goubran, and Nadra Wagdy.- SECTION I: EXPLORING THE POTENTIAL OF SOCIAL FINANCE.-Chapter 2: Social Finance in the Anthropocene, Anne Snick.-Chapter 3: Social Finance in Quebec: An Ecosystemic Approach to Financial Innovation, Marguerite Mendell and Nancy Neamtan.- Chapter 4: Social Finance for Women’s Entrepreneurship in Canada, Zohreh Hassannezhad Chavoushi, Guang Ying Mo, and Wendy Cukier.- Chapter 5: The Role of Youth in Scaling Social Value Investing – The Case of Canada's National Social Value Fund, Bruno Lam, Steve Petterson, James Tansey, Mariana Martinez Rubio, and Maxime Lakat.- SECTION II: INNOVATIONS IN SOCIAL INVESTING.- Chapter 6: The Community Bond Experience in Montreal, Quebec, Jason Prince and Vanessa Sorin.- Chapter 7: Let’s Get Explicit: The Emergence of Impact-Linked Returns in the Commercial Debt Market, Lars Boggild.- Chapter 8: A University Model of Social Finance: Reflections on the University of Edinburgh’s Social Investment Fund, Dave Gorman and Julia Qermezi Huang.- Chapter 9: Opportunities in Patient Capital Financing, Julie Segal and Erica Barbosa Vargas.- SECTION III: DIGITALIZING SOCIAL FINANCE.- Chapter 10: Inside Money Creation in the Digital Era, Israel Cedillo Lazcano.- Chapter 11: Social Finance Investments with a Focus on Digital Social Business Models, Stephan A. Jansen, Clemens Mast, and Wolfgang Spiess-Knafl.- Chapter 12: From Community Bank to Solidarity Fintech: The Case of Palmas e-Dinheiro in Brazil, Asier Ansorena, Eduardo H. Diniz, Erica S. Siqueira, and Marlei Pozzebon.- Chapter 13: Social Finance and Agricultural Funding, Dániel Havran, Péter Kerényi, and Attila A. Víg.- SECTION IV: BLOCKCHAINS IN SOCIAL FINANCE.- Chapter 14: Public Governance of the Blockchain Revolution and its Implications for Social Finance: A Comparative Analysis, Stefania Paladini, Erez Yerushalmi, and Ignazio Castellucci.- Chapter 15: Blockchain Consortia for the Social Good: An Introduction for Non-Technical Audiences, Percy Venegas.- Chapter 16: Informational Efficiency and Cybersecurity: Systemic Threats to Blockchain Applications, Constantin Gurdgiev and Adam Fleming.- SECTION V: GOVERNANCE AND THE ROLE OF INSTITUTIONS.- Chapter 17: Who Should Fund Social Innovation?, Molly Sinderbrand.- Chapter 18: The Financial Intermediary Role of Peer-to-Peer Lenders, Barbara Dömötör and Tímea Ölvedi.- Chapter 19: The Role of Social Financing in Sustainable Development: The Case of Nigerian Co-operatives, Akanji Ajibola.- Chapter 20: Evaluating Impact Investments: Frameworks and Applications for Social Ventures, Alessandro Rizzello, Elisabetta Scognamiglio, Ludovica Testa, and Lorenzo Liotta.- Chapter 21: Social Investment in the UK: The Emergence of a Hollow Field, Belinda Bell.- Chapter 22: The New Venture Philanthropy, Sureyya Burcu Avci.

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Book SynopsisThis book shows how blockchain technology can transform the Internet, connecting global businesses in disruptive ways. It offers a comprehensive and multi-faceted examination of the potential of distributed ledger technology (DLT) from a new perspective: as an enabler of the Internet of Value (IoV). The authors discuss applications of blockchain technology to the financial services domain, e.g. in real estate, insurance and the emerging Decentralised Finance (DeFi) movement. They also cover applications to the media and e-commerce domains. DLT’s impacts on the circular economy, marketplace, Internet of Things (IoT) and oracle business models are also investigated. In closing, the book provides outlooks on the evolution of DLT, as well as the systemic governance and privacy risks of the IoV. The book is intended for a broad readership, including students, researchers and industry practitioners.Table of ContentsPart I: Defining the Internet of Value 1.- Chapter 1. Defining the Internet of Value.- Part II: How DLT will evolve in the Future 13.- Chapter 2. Blockchains, DLTs and the Future of Payments 15.- Chapter 3. Consensus: Proof of Work, Proof of Stake and Structural Alternatives. Part III: The Internet of Value and Financial Services 31.- Chapter 4. The New Internet of Value Financial Ecosystem 33.- Chapter 5. From banks to DeFi: the evolution of the lending market 48.- Chapter 6. Real Estate and the Internet of Value.

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Book SynopsisThis book uncovers the idea of understanding cybersecurity management in FinTech. It commences with introducing fundamentals of FinTech and cybersecurity to readers. It emphasizes on the importance of cybersecurity for financial institutions by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in FinTech. The book helps readers understand cyber threat landscape comprising different threat categories that can exploit different types of vulnerabilties identified in FinTech. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software and addresses the challenges in managing cyber risks in FinTech. The authors discuss detailed cybersecurity policies and strategies that can be used to secure financial institutions and provide recommendations to secure financial institutions from cyber-attacks.Table of ContentsChapter 1. Introduction to FinTech and Importance Objects.- Chapter 2. Introduction to Cybersecurity.- Chapter 3. Information Security Governance in Fintech.- Chapter 4. Cybersecurity Threats in FinTech.- Chapter 5. Cybersecurity Vulnerabilities in FinTech.- Chapter 6. Cybersecurity Risk in FinTech.- Chapter 7. Secure Financial Market Infrastructures (S/FMI).- Chapter 8. Cybersecurity Policy and Strategy Management in FinTech.- Chapter 9. Designing Cybersecure Framework for FinTech.- Chapter 10. Conclusion.

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Book SynopsisThis textbook helps students truly understand how to apply the principles behind corporate finance in a real world context from both a firm and investor perspective. In its second edition, this text focuses on traditional theory applied to a holistic and realistic business case study, written as a novel set in current times so that all readers can relate. As such, this textbook offers readers both a quantitative and qualitative perspective on topics such as capital budgeting, time value of money, corporate risk, and capital structure. The sections are laid out to mirror the financial decision process, making it easier for readers to grasp the idea of the corporate financial life cycle. New topics such as socially responsible investing and private capital markets are also incorporated into this edition. Finally, PowerPoint slides, answer keys and data sets are available online for instructors. Table of ContentsChapter 1: In the Beginning.- Chapter 2: Financial Statement Analysis: What’s Right, What’s Wrong, and Why.- Chapter 3: Cash Flow: Easy Come, Easy Go.- Chapter 4: The Right Frame of Time.- Chapter 5: Capital Structure: Borrow it.- Chapter 6: Capital Structure: Sell it Off.- Chapter 7: The Rocky Marriage of Risk and Return.- Chapter 8: This is So WACC.- Chapter 9: Capital Budgeting Decisions: The End of the Roads Meets the Beginning of Another.- Appendix.- Index.

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Book SynopsisFinancial stability is a pillar of well-functioning financial markets. After the last financial crisis, European policymakers harmonised banking regulation and revised the framework of banking resolution. The introduction of the bail-in legislation is a natural experiment to improve the understanding of banking resolution and how it affected the funding strategies of banks. This book assesses whether financial stability has been strengthened by the change in banks’ resolution policy with a focus on the bail-in. The book shows how banks changed their funding strategies, shrank their balance-sheets and relied more on deposits. The book will discuss inter-alia the mis-selling of bonds, which happened during 2012-2013, analysing whether the bond allocation changed after the bail-in launch. It discusses how the bail-in mechanism was deemed credible by equity holders and argues that the European case would have useful implications for third countries. Finally, the book relates this discussion to the possible collateral effects generated by the new resolution policy during and after the COVID-19 crisis, which will be of particular interest to researchers and policymakers in banking and financial institutions. ​Table of ContentsChapter 1: The new resolution framework.- Chapter 2: Bank funding strategies after the bail-in announcement.- Chapter 3: Risk Allocation and bond misselling after the bail-in directive.- Chapter 4: Bond allocation after the bank resolution cases.- Chapter 5: Market reaction at the resolution events.

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Book SynopsisCryptocurrencies and digital assets are increasingly garnering interest from institutional investors. This is on top of the already strong support in place for cryptocurrencies such as Bitcoin from the retail investor. With this rapid growth has come a series of complex operational and regulatory compliance challenges. These challenges have become further exacerbated by the increasing pace of technological advances in areas such as decentralized finance (DeFi) tokenization, blockchain and distributed ledger technology (DLT) essential to the crypto and digital asset markets. This book will be the first book to provide current and practical guidance on the operational and compliance foundations of crypto investing and asset management. The book will include: · Step-by-step analysis of the modern operational mechanics behind cryptocurrency investment operations · Detailed guidance and example documentation on the procedures launching a crypto fund · Explanation of the operational procedures and compliance requirements for crytpo asset managers · Detailed analysis of crypto anti-money laundering compliance, regulations and laws for cryptocurrencies · Up-to-date analysis of recent crypto case studies, frauds and regulatory enforcement actions · Review of the digital asset landscape including non-fungible tokens (NFTs) and asset tokenization · Current examples of real-world crypto operations policies and compliance manuals · Analysis of the emerging trends in crypto operations and compliance in areas including blockchain, DeFi, crypto lending, yield farming, crypto mining and dApps Cryptocurrency Compliance and Operations will be an invaluable up-to-date resource for investors, fund managers, and their operations and compliance personnel as well as service providers on the implementation and management of best practice operations.​Table of ContentsCHAPTER 1: Introduction to Cryptocurrency Compliance and Operations.- CHAPTER 2: Procedures for Launching a Crypto Investment Fund.- CHAPTER 3: Operations for Crypto Asset Managers.- CHAPTER 4: Compliance and Governance for Crypto Asset Managers.- CHAPTER 5: Anti-Money Laundering Compliance for Cryptocurrencies.- CHAPTER 6: Crytpocurrency Regulatory Framework and Regulatory Reporting.- CHAPTER 7: Crypto Related Services and Interaction with Blockchain and Distributed Ledger Technology.- CHAPTER 8: Cryptocurrency Compliance and Operations Case Studies.- CHAPTER 9: Decentralized Finance (DeFi) Compliance and Operations.- CHAPTER 10: Investor Due Diligence on Crypto currency and digital asset investments.- CHAPTER 11: Additional crypto operations and compliance topics.- CHAPTER 12: Trends and Future Developments.

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Book SynopsisIn 1975, the U.S. Securities Acts Amendments were enacted by Congress, which amongst other measures, officially mandated development of a National Market System (NMS). Since that time, the competitive map has been redrawn, technological changes have been huge and pervasive in scope, and the landscape is ever-changing. This book looks at the evolution of NMS and the factors that have influenced it since its development. Titled after the Baruch College Financial Markets Conference, 40 Years of Experience with the National Market System (NMS): Who Are the Winners and What Have We Learned, the book examines the following questions: What is liquidity and how is it best measured and provided? Has NMS-Induced competition delivered? What is technology’s challenge to regulators? Are fair and level playing fields a good regulatory goal? What is the buyside’s view?The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. The transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.Table of ContentsChapter 1. Thoughts and Perspectives on 40th Anniversary of the National Market System (NMS).- Chapter 2. Technology’s Challenge to Regulators.- Chapter 3. The Global View.- Chapter 4. Has NMS-Induced Competition Delivered?.- Chapter 5. Fair and Level Playing Fields: A Good Regulatory Goal?.- Chapter 6. What Have We Learned?.- Chapter 7. The Buyside Responds.- Chapter 8. Invited Editorial: Combating Turbulence in the Equity Markets: Get the Listed Companies on Board.

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Book SynopsisThis book shows latest research on artificial intelligence for sustainable technology. ICGER 2021 was organized by the Accounting, Finance and Banking Department at Ahlia University, Bahrain, and was conducted on the 15th and 16th of September. The strategic partners included the University of Jordan, the Bahrain Economists Society, the Association of Chartered Certified Accountants: ACCA, Al-Barka Banking Group and the International Computer Auditing Education Association: ICAEA . The theme of the ICGER 2021 centered around artificial intelligence for sustainable finance and sustainable technology. Accordingly, the papers presented at the conference provided a holistic view of sustainable finance, sustainability, AI, financial technology, cybersecurity, blockchain, CSR, and governance. This book, unlike ever before, brings together intelligence applications of new technologies and the sustainability requirements in the era of the digital economy, with special attention given to the opportunities, challenges, for education, business growth, and economic progression of nations which will help societies (economists, financial managers, engineers, ICT specialists, digital managers, data managers, policymakers, regulators, researchers, academics, and students) to better understand, use, and control AI applications and financial technologies to develop future strategies and to achieve sustainable development goals.Table of ContentsThe effectiveness of applying Fintech application in Bahrain: Theoretical Perspective.- The Usage of Artificial Intelligence in Arab Financial Institutions.- Libra Currency and its Global Financial and Economic Impact.- Haitian cooperative of savings and credits: social and community dimensions of success.- The Impact of Corporate Social Responsibility Disclosure on the Financial Performance of Banks Listed on the PEX and the ASE.- Effect of Adopting the Criterion of Revenue from Contracts with Clients on Accounting Conservatism.- The Banking sector role against the risks of Currency Floating.- Shariah Resolutions and Issues on Islamic Repo.- Financial Performance Analysis of Firms: A Focus on Oil and Gas Industry Sustainable Practices in Oman.- Islamic banking strategies in the world of Fintech: Success story of Bahrain.- Computing Financial Performance of Road Freight Transportation (Trucking) Industry in India using Mathematical Tool.- Computing Causality Between Macro-Economic Indicators and Indian Financial Markets.- Crowdsoured Technology as A Collabarative Tool for Environmental Enforcement: A Critical Review of Current Applications.

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Book SynopsisOne of the great challenges that many participants in foreign exchange (FX) markets face is sifting through the often overwhelming amount of information that is available. Media outlets stream updates on international politics, economics, and other factors that move FX prices twenty-four hours a day. It is difficult to work out what is and what is not important. This book helps its reader overcome these challenges by combining the insights gained from a market practitioner who has traded FX at Goldman Sachs, PIMCO, and Barclays Investment Bank, with textbook-level modern financial macroeconomic theory. The book covers macroeconomics relating to exchange rate determination. While you could obtain this information from a disparate set of sources―textbooks, academic literature, industry research notes, conversations with other market practitioners, and theories cited in media reports―this book brings all of these sources together to translate the information into concrete FX views that are firmly rooted in the macroeconomic theory of risk premiums, interest rates, and inflation, among other topics. The book promotes time consistent thought that avoids the daily temptation to jump from that day’s economic narrative to the next. Of particular interest to buy- and sell-side industry practitioners, finance and economics graduate students, academics, and others interested in FX markets, this book teaches its readers how to do this and improve their own trading and understanding of the FX markets.Table of ContentsChapter 1; Risk Premiums.- Chapter 2: FX Forwards and the Carry Trade.- Chapter 3; Exchange Rates, Interest Rates, Inflation and the Risk Premium.- Chapter 4; The Mundell Fleming Model of the Exchange Rate.- Chapter 5: Valuation Models (PPP, DEER, FEER)?.- Chapter 6: What Drives Inflation and How Do Central Banks Control It?.- Chapter 7: Analogous Frameworks for Equity Investments.

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Book SynopsisThis book analyses the impact of the COVID-19 pandemic in different areas of Finance emphasizing the contagion effect in capital markets. The volume presents evidence-based case studies from the global financial crisis that followed after the onset of the pandemic in March 2020.Table of ContentsChapter 1. Market-Timing Skills in the Aftermath of COVID-19 Outbreak: Evidence from Islamic Funds.- Chapter 2. The Relationship Between US Stock, Commodity and Virtual Markets During COVID-19 Forced Crisis.- Chapter 3. Towards a Better Comprehension of Tourism Crisis in the Era of Covid-19.- Chapter 4. The Asymmetric Response of Equity Markets to Sentiment Risk: A New Asset Pricing Model.- Chapter 5. The Transmission of Oil Shocks to the Developed and Emerging Stock Markets: COVID-19 from First to the Second Wave.- Chapter 6. The Volatility Connectedness Between Oil and Stocks: Evidence from the G7 Markets.- Chapter 7. Economic Sentiment and Climate Transition during the COVID-19 Pandemic.- Chapter 8. The Impact of COVID-19 on the Volatility Transmission Across Equity and Commodity Markets.

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Book SynopsisThe challenges of affordable housing are manifold. However this presents an opportunity to private investors, real estate companies, and developers. With the growing global trend for impact-based investments, many institutional investors have begun to consider the merits of this asset class. This book examines not only the profitability of these assets, but also whether these assets rely on government subsidy. It discusses why investors have become more interested in this product and which investment criteria influence the financial performance of these assets. The authors employed a mixed method approach to collect data at two tiers, first through surveys and afterwards through interviews of 8 firms (3 publicly listed companies, 3 private equity companies, 1 foundation, and 1 state bank) across Germany, the United Kingdom, and the United States. Investment criteria are analyzed using inferential statistics, specifically the Hierarchical Algorithm Cluster Analysis. The financial characteristics of the companies are examined and compared using descriptive statistics and the qualitative interview output is explored using the thematic Latent Coding Analysis. Furthermore, the book explains how the bond-like nature of affordable housing is a profitable impact investment option, and how this strategy is particularly worthwhile for institutional investors. It also describes that profitability of affordable housing products is not dependent on subsidy. Still, affordable housing products supported by government incentives in the United Kingdom and United States are most attractive. The book illustrates six important investment strategies identified by veterans in this field to have an influence on the financial feasibility of affordable housing products.Table of ContentsChapter 1. Introduction.- Chapter 2. Foundational Concepts.- Chapter 3. Literature Review.- Chapter 4. Research Design.- Chapter 5. Research Analysis.- Chapter 6. Discussion of Results.- Chapter 7. Study Recommendations.

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Book SynopsisThis book investigates factors that contribute to the development of an efficient financial sector in Ghana. While sustainable finance has long been known to propel economic growth and development, and while many African countries have taken initiatives to develop integrated frameworks of their financial sectors that tackle developmental challenges, scholars and policymakers have always grappled with understanding of factors that enhance performance of the financial sector. In this book, an expert team of authors examines the financial landscape, central bank policies, competition, financial innovation, financial inclusion and banking stability in Ghana, while also exploring how financing models such as enterprise finance and microfinance can be more effective in sustaining financial markets. The authors discuss how Ghana can build fortified institutions, regulatory frameworks, and productive capacity to strengthen the financial sector and foster pathways that will enhance economic development. Empirical and scientific evidence give this book a unique approach that is both qualitative and quantitative.Table of ContentsChapter 1. Introduction.- Chapter 2. What Really Drives Financial Sector Development in Ghana?.- Chapter 3. Harnessing Financial Innovation for Financial Inclusion in Ghana.- Chapter 4. Financial Inclusion and Monetary Policy Effectiveness in Ghana.- Chapter 5. Gendered Financial Behaviour in Ghana: A Comparative Study with South Africa.- Chapter 6. Bank Competition and Financial Sector Stability in Ghana.- Chapter 7. Macroeconomic Determinants of Banking Instability in Ghana.- Chapter 8. Financial Dualism in Ghana: The Implications for Monetary Policy on Loan Variations.- Chapter 9. Revisiting MSMEs financing through banking reform processes: Assessing the Ghanaian legal experiences.- Chapter 10. Effectiveness of credit risks management policies used by Ghanaian commercial banks in agricultural financing.- Chapter 11. Evaluation of lending methodologies used by Ghanaian banks to extend credit to SMEs.

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Book SynopsisThis book is unique in that it challenges scholarly views on financial inclusion and poverty reduction while also relating financial inclusion and poverty reduction to the Fourth Industrial Revolution. The book deviates from the usual method of analyzing financial inclusion, which relies on bank accounts or microcredit as success criteria, and instead discusses how the Fourth Industrial Revolution is facilitating digital financial inclusion. With a five-fold goal, this book investigates both past and present readings and understandings of poverty and financial inclusion. To begin, it provides a thorough introduction to the Fourth Industrial Revolution and financial inclusion in the context of the Fourth Industrial Revolution. Second, the book dives quite extensively into the theories of financial inclusion in the context of the Fourth Industrial Revolution. Third, the book reconstructs the theory of financial inclusion, moving from traditional to digital financial inclusion, highlighting the role of digital financial inclusion in the transition from an informal financial money market to a formal financial system. The fourth goal is to evaluate the tools and effects of digital financial inclusion on poverty. Finally, it provides case studies of digital financial inclusion and the future of digital financial inclusion in emerging and developing countries. This book will be of interest to academics, students and practitioners in a range of disciplines, including finance, development economics, and consumer economics.Table of ContentsPart I: Introduction.- Chapter 1: Introduction to Digital Financial Inclusion: Revisiting Poverty Theories in The Context of The Fourth Industrial Revolution.- Chapter 2: The Fourth Industrial Revolution: An Introduction to its Main Elements.- Chapter 3: Financial Inclusion and the Fourth Industrial Revolution.- Part II: Theories of Financial inclusion in the context of the Fourth Industrial Revolution.- Chapter 4: The Beneficiaries Theory of Financial Inclusion and the Fourth Industrial Revolution.- Chapter 5: The Delivery Agent Theory of Financial Inclusion in The Context of The Fourth Industrial Revolution.- Chapter 6: The Funding Theories of Financial Inclusion in the Context of The Fourth Industrial Revolution.- Part III: Reconstructing the Theory of Financial Inclusion: From Traditional Financial Inclusion to Digital Financial Inclusion.- Chapter 7: Digital Financial Inclusion in the Fourth Industrial Revolution.- Chapter 8: The Transition from an Informal Financial Money Market to a Formal Financial System through Digital Financial Inclusion.- Chapter 9: Prospects and Challenges of Digital Financial Inclusion/Fintech Innovation in the Fourth Industrial Revolution.- Part IV: Assessing tools and Impact of Digital Financial Inclusion.- Chapter 10: The Introduction to Poverty in the Fourth Industrial Revolution.- Chapter 11: Channels Through Which Financial Inclusion Reduces Poverty, what is the Role of 4IR Digital Technologies in this Process?.- Chapter 12: The Impact of Financial Inclusion on Poverty from the Classical Theory of Poverty in the Fourth Industrial Revolution.- Chapter 13: The Impact of Financial Inclusion on Poverty from The Neoclassical Theory in The Fourth Industrial Revolution.- Chapter 14: The Impact of Financial Inclusion on Poverty: From Keynesian /Liberal Perspective in the Fourth Industrial Revolution.- Chapter 15: Financial Inclusion, and Marxian/Radical Theory of Poverty in the Fourth Industrial Revolution.- Chapter 16: Financial Inclusion, Social Exclusion, Social Capital, and Psychological Theories of Poverty in the Fourth Industrial Revolution.- Part V: Cases Studies of Digital Financial Inclusion.- Chapter 17: Selected Digital Financial Inclusion Success Stories Across Developing Economies.- Chapter 18: Digital Financial Inclusion, And the Way Forward for Emerging Markets: Towards Sustainable Development.- Chapter 19: The Conclusion of Digital Financial Inclusion: Revisiting Poverty Theories in The Context of The Fourth Industrial Revolution.

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Book SynopsisThe hunt for new forms of value generation is shaping the future of economic and financial interactions, leading to the emergence of innovative business models and technological enablers. Other than challenging our time and space limits, such technological advancements, in some cases, have allowed the generation of value at nearly zero marginal cost. Inevitably, emergent tech solutions are fundamental game changers in digital and conventional finance. In this regard, the book fleshes out the core developments and trending fintech 2.0 solutions that pause challenges and bring opportunities for businesses and economies. It comprises nine main chapters with collective insights and interdisciplinary perspectives covering the business, tech, and regulatory layers of financial technologies and decentralized finance. Besides, the book illustrates how to leverage these state-of-the-art technologies for the evolving digital and decentralized finance world. The book targets a broad audience of researchers, academia, industry professionals, fintech enthusiasts, and the general business audience with timely data and up-to-date cases.Table of ContentsPART I Financial Technologies: Theory and Practice PART II Towards a Distributed Network Economy: Decentralized Finance PART III Fintech and Defi- Issues, Policy, and Reg-ulatory Insights

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Book SynopsisHow could a small country in the middle of Europe, surrounded by much bigger countries and economic giants like Germany and France and in direct competition with North American and Asian rivals, develop world-class, cutting-edge financial markets? Swiss Finance answers this question, separating myth from reality, by explaining how Switzerland managed dramatic pressures brought to bear on its financial markets during the past two decades, perhaps none of them so great as the: · Competitive challenges caused by changes in Switzerland's banking secrecy laws and practices, · Shifting tide of new wealth generation toward Asia (e.g., China, Singapore, and South Korea), · Burdensome federal stamp and withholding taxes, and · Digitalization of the financial services industry, including cybersecurity, cryptocurrencies, smart contracts, central bank digital currencies, the FinTech revolution, and DLT applications. Swiss Finance thoroughly analyzes Swiss financial markets’ successes and challenges. It covers critical topics for practitioners and academics to fully understand this unique development in world financial markets and private wealth administration. Table of Contents1 Introduction 2 Finanzplatz Schweiz: Financial Center Switzerland 3 The Swiss Banking System 4 Swiss Bank (Customer) Secrecy & the International Exchange of Information 5 Swiss Financial Market Regulators & Laws 6 Swiss Institutional Investors 7 Swiss National Bank & Swiss Franc’s Role in Global Financial Markets 8 Swiss Debt Markets 9 Swiss Equity Markets 10 Swiss Derivative Markets 11 Financial Digitalization, FinTech, and the Collaborative Economy 12 Swiss Taxes on Investments and Financing 13 Summary & Outlook

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Book SynopsisThis book presents a collection of state-of-the-art research findings on the digital transformation of financial services. Digitalization has fundamentally changed financial services and has a tendency to reshape the landscape of the financial industry in an unprecedented manner. Over the last ten years, the development of new financial technologies has contributed to the creation of new business and organizational models, along with new approaches to service delivery. By encompassing significant conceptual contributions, innovations in methods and techniques, and by delineating the main applications of digital transformation in Central and Eastern Europe (CEE), the volume extends current knowledge on digital transformation in the financial industry. The book is divided into two parts. The first part provides a social-science perspective on digital transformation in the financial industry. The second part provides the most recent evidence on how financial technologies are transforming financial services on the markets, and how the adoption of modern information technologies fosters setting up new financial services. Further, this part outlines new approaches to digital transformation in the financial industry.This book will appeal to students, scholars, and researchers of finance, monetary economics, and business, as well as practitioners interested in a better understanding of the digital transformation of financial services, new financial technologies, and innovations in finance. Table of ContentsChapter 1. Effects of ERP on Accounting Information System: Analysis of Accountants’ Attitudes.- Chapter 2. Impact of Digitalization on the Accounting Profession.- Chapter 3. The Impact of Digitalization on Audit.- Chapter 4. The Effect of Innovation Through Intangible Assets on Company’s Profitability.- Chapter 5. Disrupting the Stock Market: Stocks Gone Crypto.- Chapter 6. The Future of Banking in FinTech Era: Decentralised and Embedded Finance.- Chapter 7. Digital Transformation of the Serbian Car Insurance Industry: a Mixed-method Approach.- Chapter 8. InsurTech - New Competition to Traditional Insurers and Impact on the Economic Growth.- Chapter 9. Customersʼ Intention in Terms of Using Mobile Banking Services in Serbia.- Chapter 10. New Ways of Providing Public Services: Platforms of Service Provision and the Role of Artificial Intelligence – in the Light of the Development of the Hungarian Public Administration.- Chapter 11. Preventing the Abuse of the FinTech Sector for Money Laundering and Fiscal Fraud in Terms of Polish Law – Legal Measures and Postulates of Normative Changes.- Chapter 12. Digital Payment Systems: State and Perspectives.- Chapter 13. Leveraging Open Banking: Challenges and Opportunities.- Chapter 14. FinTech Innovations as Disruptor of the Traditional Financial Industry.- Chapter 15. Cybercrime and Cyber Security in FinTech.- Chapter 16. Mobile Applications for Personal Finance Management: Technology Acceptance Perspective.- Chapter 17. Digital Payment Systems for Small to Middle-sized Enterprises in Serbia.- Chapter 18. Digital Payment Systems on High-speed Railway Belgrade - Novi Sad With a Comparative Analysis.

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Book SynopsisDevelopment needs to meet the UN SDG have primarily been financed through private sector financing, conventional public sector funding and philanthropic commitment. These sources are not sufficient in scale and speed to meet the pressing finance needs. The world community is too busy repairing, stabilizing, and refunding the system to maintain the stability of the existing system. The introduction of a parallel electronic currency specifically designed to finance global commons, and a human-centred economy would provide the necessary resources to achieve the UN SDGs while stabilizing the existing monetary system.This book analyses how the development of cryptocurrencies based on blockchain distributed ledger technologies has prompted leading central banks around the world to study the potential application of this approach to directly inject purchasing power without dependence on the banking system. Furthermore, the book illustrates how this approach can be utilized to finance the huge multi-trillion dollar annual investment requirements for achieving the Sustainable Development Goals (SDG).With a Foreword from the President of the Club of Rome.“This book is where fiction turns into fact.” - World Bestselling Author of ‚The Minister of the Future‘ Stan Robinson“…challenging, innovative and interdisciplinary… to address the world’s problems.” - Founder and Father of the Quantitative Easing (QE), Prof. Dr. Richard Werner, Oxford University, GB“The real tragedy of the commons, as this book shows, is that we have allowed the most valuable social resources, our money and legal systems, to be employed for private gain instead of mobilizing them for social goals, not the least to ensure the survival of the human species on this planet.” - Best-selling author of ‚The code of capital’ Katharina Pistor, Edwin B. Parker Professor of Comparative Law and Director, Center on Global Legal Transformation Columbia Law School, USATable of ContentsChapter 1. Introduction.- Chapter 2. Two forms of the unknown.- Chapter 3. The economics of external shocks.- Chapter 4. The traditional way to do it.- Chapter 5. The real tragedy of the commons.- Chapter 6. Upgrading the system.- Chapter 7. The great leverage.- Chapter 8. Three overarching topics.- Chapter 9. Best practices and case studies.- Chapter 10. Conclusion.

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Book SynopsisThis book discusses understand cybersecurity management in decentralized finance (DeFi). It commences with introducing fundamentals of DeFi and cybersecurity to readers. It emphasizes on the importance of cybersecurity for decentralized finance by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in DeFi. The book helps readers understand cyber threat landscape comprising different threat categories for that can exploit different types of vulnerabilities identified in DeFi. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software. The book includes the popular blockchains that support DeFi include Ethereum, Binance Smart Chain, Solana, Cardano, Avalanche, Polygon, among others. With so much monetary value associated with all these technologies, the perpetrators are always lured to breach security by exploiting the vulnerabilities that exist in these technologies. For simplicity and clarity, all vulnerabilities are classified into different categories: arithmetic bugs, re-Entrancy attack, race conditions, exception handling, using a weak random generator, timestamp dependency, transaction-ordering dependence and front running, vulnerable libraries, wrong initial assumptions, denial of service, flash loan attacks, and vampire Since decentralized finance infrastructures are the worst affected by cyber-attacks, it is imperative to understand various security issues in different components of DeFi infrastructures and proposes measures to secure all components of DeFi infrastructures. It brings the detailed cybersecurity policies and strategies that can be used to secure financial institutions. Finally, the book provides recommendations to secure DeFi infrastructures from cyber-attacks.Table of Contents

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Book SynopsisOn November 24, 2020, in the midst of a global pandemic, the Dow Jones Index surpassed 30,000 points for the first time ever. This historic moment exposed the incredible disconnect between financial markets and society.The stock market’s one hundred percent rebound was triggered by a massive injection of capital by the US Federal Reserve and by fiscal stimulus measures that reached $16 trillion globally in only a year. It was the taxpayer who came to the aid of the shareholders. This imbalance between low- and high-income individuals has become unbearable and calls into question the mechanisms that allow such an abuse of financial power to exist. This abuse has allowed populism to flourish, in a world where humanism should prevail. This book invites the reader to understand how such a financial drift of capitalism was even possible and proposes reforms to correct the system. Written by the former Group Executive Vice President for International & Research at the New York Stock Exchange, this volume provides concrete solutions for democratizing financial markets and reintroducing the morals and ethics that these markets and its leaders are so sorely lacking. Ugeux argues that the purpose of such reforms is to reduce the inequalities which are plaguing our democracies. Citizens are losing hope that equity exists in the system and it has become clear, as fundamental liberties like right voting rights are being threatened – that the problem lies much deeper. Ugeux insists that a change of perspective and a redefinition of societal goals is essential: social and solidarity capitalism is possible only if our leaders listen to the expectations of their citizens. While it is supported by research and facts, this book includes elements of opinion essays with an educational objective. It aims to educate readers who want to better understand these complex issues, without having to be specialists.Table of ContentsIntroduction: Wall Street’s denial.- The disconnect with the real economy

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Book SynopsisThis book offers a systemic understanding of the evolutionary model of financial markets and their place with broader political economic systems. Through examining the co-evolutionary process, where the interplay between financial markets and society is highlighted, insight is provided into the concepts of growth, development, preference, information, and price. After outlining these core concepts, they are applied to co-evolution within financial markets to illustrate the mechanics that underpin economic systems. Binomial and trinomial co-evolution is then discussed in relation to financial market variables, preference and price in terms of symbolic utility, and logical economic modelling structures.This book presents a new research methodology based on a logical to approach economics that looks beyond historical and empirical economic frameworks. It will be relevant to students, researchers, and policymakers interested in financial economics.Table of Contents1. Introductory Concepts – Causality and Intelligibility.2. Introductory Concepts – Growth, Development, Evolution.3. The Concept of Evolution – General Framework.4. The Concept of Co-Evolution – Theoretical Basis.5. Binomial Co-Evolution in the Financial Market.6. Information and Price as Symbolic Species.7. Trinomial Co-Evolution in the Financial Market.8. Logical Modelling of Trinomial Preference.

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Book SynopsisThis handbook brings together scholars from various disciplines and from around the world to examine the history, characteristics, effects, viability and implementation of basic income. The first edition of this book contributed a comprehensive treatment of multiple aspects of the basic income debate. This updated, expanded edition tackles new topics that are becoming increasingly prominent in the global debate. New chapters are devoted to recent research on the history of basic income; the development and peacemaking potential of basic income in conflict zones; municipal experiments in the United States; requirements for pilot projects and experiments; and the public health implications of basic income. Existing chapters on the implementation of basic income have also been substantially updated to take account of new research on microsimulation, land value tax, local currencies, and blockchain technology and cryptocurrency, along with new material on the increasing use of opinion polls and the difficulties related to that. New political and ethical perspectives on the role of trade unions and their increasing engagement with the basic income debate are also introduced, while the section on pilot projects and experiments has been updated to cover recent political developments. Fully updated to reflect new global developments in the basic income debate, this handbook will be of interest to researchers, teachers and research-oriented policymakers in a range of fields. Table of ContentsPart I: Introductory chapters.- Chapter 1: Introduction.- Chapter 2: The definition and characteristics of Basic Income.- Chapter 3: A short history of the Basic Income idea.- Part II: Some of the likely effects of Basic Income.- Chapter 4: Employment market effects of Basic Income.- Chapter 5: Social effects of Basic Income.- Chapter 6: The health case for Basic Income.- Chapter 7: Some effects of Basic Income on economic variables.- Chapter 8: Ecological effects of Basic Income.- Chapter 9: The gender effects of a Basic Income.- Chapter 10: Basic Income for development and peacebuilding in post-conflict settings.- Part III: The feasibility and implementation of Basic Income.- Chapter 11: Feasibility and implementation.- Chapter 12: Alternative funding methods.- Chapter 13: Analysis of the financial effects of Basic Income.- Chapter 14: Public opinion on Basic Income: What have we learnt so far?.- Chapter 15: Alternatives to Basic Income.- Part IV: Pilot projects and other experiments.- Chapter 16: The Negative Income Tax experiments of the 1970s.- Chapter 17: Citizen’s Basic Income in Brazil: The reality of pilot experiences.- Chapter 18: Basic Income by default: Lessons from Iran’s ‘cash subsidy’ programme.- Chapter 19: The Namibian Basic Income Grant Pilot.- Chapter 20: Pilots, evidence, and politics: The Basic Income debate in India.- Chapter 21: A primer on the Finnish Basic Income experiment: From design and implementation to evaluation and impact.- Chapter 22: A variety of experiments.- Chapter 23: Current and recent Basic Income and Guaranteed Income pilots in the United States.- Chapter 24: Problems with pilot projects.- Part V: Political and ethical perspectives.- Chapter 25: Libertarian perspectives on Basic Income.- Chapter 26: Socialist arguments for Basic Income.- Chapter 27: Neither left nor right.- Chapter 28: Trade unions and Basic Income.- Chapter 29: The ethics of Basic Income.- Part VI: Concluding chapter.- Chapter 30: Tentative conclusions.

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Book SynopsisDid you know that Bach invested in mines? That Rossini improved his income by running casinos in the opera houses which on weekends performed his operas? Or that Puccini composed shorter arias to make them fit the length of gramophone disks as they reported him huge revenues? Or who was, in financial terms, the most successful classical composer in history? This book —the first of its kind— studies and compares the finances of twenty classical composers in their historical and economical context. Each chapter details and quantifies the sources of income of these musicians (wages, royalties, subsidies, percentages over the number of performances, arrangements, investments in the musical sector, etc), thus allowing to estimate the income they obtained due to their artistic — primarily compositional, but also related— activities. In addition, it also estimates the composer’s expenditures, thus drawing a relatively complete image of their personal finances. This not only allows to conclude to create a ranking of composers according to their economic success, but —more importantly— for the first time gives an accurate image of the financial situation of a broad set of composers. This allows to correct many false believes while also giving new insights on the relation between economics and music history.Table of ContentsIntroduction: On the Economics of Music and the Finances of Great Composers.- Johann Sebastian Bach and Georg Friedrich Händel: The Economics of Late Baroque Market for Music.- Joseph Haydn and Wolfgang Amadeus Mozart: A Collusive Friendship.- Ludwig van Beethoven and Franz Schubert: The Economic Conscious- and Unconsciousness of the Artist.- Gioachino Rossini and Gaetano Donizetti: The Economics of Belcanto I.- Vincenzo Bellini and Giacomo Meyerbeer: The Economics of Belcanto II.- Felix Mendelssohn-Bartoldy and Robert Schumann: Parallel Lives, Liberal Delusions.

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Book SynopsisChapter 1: Introduction.- Chapter 2: The rise of AI and generative AI.- Chapter 3: The key pillars of responsible AI.- Chapter 4: Size matters when adopting and scaling AI.- Chapter 5: Trust and evolution of risk.- Chapter 6: Representation matters.- Chapter 7: Future of work.- Chapter 8: Win at all costs?.- Chapter 9: Ownership, rights, and governance.- Chapter 10: Trustworthy and Human-Centered AI.

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Book SynopsisChoice under Uncertainty.-  Modern Portfolio Theory.- The Capital Asset Pricing Model.-  Empirical Analysis of the CAPM.-  The Consumption CAPM.- Arbitrage Pricing Theory and Multi-factor Models.- Empirical Cross-Sectional Asset Pricing.- The Black-Litterman Model.- Event-Study Analysis.

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Book SynopsisIntroduction and Excel Basics.- Blockchain (I): Numbers and Alphanumeric.- Blockchain (II): ASCII and Sha256.- Ledge and Distributed Ledger.-  Cryptography Basics: public and private keys.- Advanced Cryptography.- Cryptocurrency and Ganache.- Crypto markets, risk and risk-return tradeoff.- Blockchain applications and simulations.- Unsupervised Learning.-Supervised Learning: Classification.- Etc.

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Book SynopsisSustainable digital finance: Where we are now and where we need to be.- The role of blockchain and governance in Africa´s economic development.- Sustainable digital finance in central banking.- Why financial access isn´t enough.- Rebound effect and sustainable digital finance.- Tokenization of voluntary carbon markets and its potential for financial inclusion.- Legal foundations of Green FinTech: Paving the Way for Sustainable Finance.- Carbon, meet silicon.- When the lights go out-remote lockout technology in sustainable pay-as-you-go products.- Enhancing digital sustainable finance: digital solutions to mobilise capital, assess environmental risks and enhance financial inclusion.- Taxing crypto-assets to fund the sustainable development goals: Improving evaluation of crypto functional substitute risks.- Navigating the dual realities of digital finance in Indonesia: Assessing sustainable strategies for access and consumer protection since 2016.- Digital payments–opportunities and challenges for African tax administrations.- Vision for the future of financial consumer protection in LMICS.- Understanding Informality and Mutuality in Kenya´s Digital Finance  Landscape.- Enabling financial access via blockchain: The potential for decentralized finance to address inclusion challenges in Latin America.- Digital financial inclusion for sustainable development in Brazil: Unfolding the positive and negative paths.- Mobile money: the democratizing force of financial inclusion.- Cashing in on cashless: Different pathways to cashless payments in the Global South.- Digital cross-border payment technologies in high-risk fragile, conflict and vulnerable contexts.- Sustainable digital finance in Africa: Leveraging innovative solutions to address fragility and build resilience.- Financial inclusion and cybersecurity: the role of governance in conflict states in Africa.- The digital transformation of international financial security.- Digital public infrastructure for our new era.- Harness the power of AI for sustainable finance.- Battening down the hatches: How financial inclusion can make the poor more climate resilient.- India`s DPI Experiment and Digital Finance Revolution.- Sustainable Finance and Big Data Collection – On the Nexus between Sustainability, Finance and Digitalization.

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Book SynopsisThe De Gruyter Handbook of Sustainable Development and Finance explores the difficult and challenging issues confronting society and the environment, in the contexts of unprecedented climate change, bio-diversity loss and the global pandemic. In this seminal text exploring a wide range of topics, and in the devastating wake of COVID-19, scholars and practitioners analyse the effectiveness of current and proposed actions to build a sustainable future, and the public and private finance necessary to prevent an impending planetary catastrophe. The first section of the handbook introduces readers to the origins and evolution of sustainable development. An examination of public and private finance follows in the next two sections, presented from the perspectives of authors from both ‘developed’ and ‘developing’ countries. Climate change, one of the largest sectors of finance for sustainable development, is investigated in detail, as is the new and emerging development frontier, the ‘blue’ economy of the world’s oceans. Suitable for students, policymakers and the public at large, the handbook highlights the lessons learned and points the way forward for sustainable development and finance in the wake of the global pandemic, and the challenges to come.

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