Finance and the finance industry Books

Book SynopsisAuf die Bedürfnisse der Praxis ausgerichtet, erläutert das Werk unter Aufarbeitung der neuesten Rechtsentwicklungen systematisch das gesamte Bankrecht in Deutschland. Die Neuauflage wurde um weitere Beiträge ergänzt. Zudem werden die europäische Rechtsentwicklung und das Bankrecht der Staaten Europas in Länderberichten dargestellt. Auch Einrichtungen und Erscheinungen sowie Gebiete des Rechts, deren Bedeutung im Zuge der Finanzkrise in den letzten Jahren mehr hervorgetreten ist - zum Beispiel Rating oder Scoring oder auch Datenschutz und Bankgeheimnis -, werden verstärkt behandelt. Renommierte Autoren aus der Wissenschaft, häufig als Richter, Schiedsrichter oder Berater tätig und wissenschaftlich ausgewiesene Praktiker aus Justiz und Anwaltschaft gewährleisten eine ausgewogene Rechtsinterpretation und garantieren eine zuverlässige und aktuelle Aufbereitung der jeweiligen Teilgebiete in komprimierter Form, um dem Leser eine praxisnahe und kompetente Einarbeitung in kurzer Zeit zu ermöglichen.Band 2 umfasst die Kapitalmarkt- und Auslandsgeschäfte, den Rechtsschutz sowie das Europäische Bankrecht inklusive Länderberichte.Table of ContentsTeil IV Kapitalmarkt und Auslandsgeschäfte.- Teil V Rechtsschutz und alternative Streitbeilegung.- Teil VI Öffentliches Bankrecht und Bankarbeitsrecht.- Teil VII Haftung und strafrechtliche Sanktionen.- Teil VIIIEuropäisches Bankrecht.- Teil IX Länderberichte.

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Book SynopsisAuf die Bedürfnisse der Praxis ausgerichtet, erläutert das Werk unter Aufarbeitung der neuesten Rechtsentwicklungen systematisch das gesamte Bankrecht in Deutschland. Die Neuauflage wurde um weitere Beiträge ergänzt. Zudem werden die europäische Rechtsentwicklung und das Bankrecht der Staaten Europas in Länderberichten dargestellt. Auch Einrichtungen und Erscheinungen sowie Gebiete des Rechts, deren Bedeutung im Zuge der Finanzkrise in den letzten Jahren mehr hervorgetreten ist - zum Beispiel Rating oder Scoring oder auch Datenschutz und Bankgeheimnis -, werden verstärkt behandelt. Renommierte Autoren aus der Wissenschaft, häufig als Richter, Schiedsrichter oder Berater tätig und wissenschaftlich ausgewiesene Praktiker aus Justiz und Anwaltschaft gewährleisten eine ausgewogene Rechtsinterpretation und garantieren eine zuverlässige und aktuelle Aufbereitung der jeweiligen Teilgebiete in komprimierter Form, um dem Leser eine praxisnahe und kompetente Einarbeitung in kurzer Zeit zu ermöglichen.Band 1 beschäftigt sich mit den bankvertraglichen Grundlagen, den Krediten und Kreditsicherheiten sowie mit Konto und Zahlungsverkehr.Trade Review“... Das Buch ist aktuell und mit seinem ergänzenden Schwerpunkt auf europäischem Bankrecht und Länderberichten für den (insbesondere international ausgerichteten) Wissenschaftler und Praktiker geeignet. ... ist das Buch eine Abrundung jeder bankrechtlichen Bibliothek.” (Dr. Roman Jordans, in: Die Rezensenten, dierezensenten.blogspot.de, 13. Mai 2017)Table of ContentsTeil I Bankvertragliche Grundlagen.- Teil II Kredit und Kreditsicherheiten.- Teil III Konto und Zahlungsverkehr.

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Book SynopsisThis compendium contains and explains essential mathematical formulas for financial economics and finance. A broad range of aids and supportive examples will help readers to understand the formulas and their practical applications. This mathematical formulary is presented in a practice-oriented, clear, and understandable manner, as it is needed for meaningful and relevant application in global business, as well as in the academic setting and economic practice. The topics presented include but are not limited to accumulation, discounting, annuity, interest calculation, redemption, investment, effective interest rates, ICMA, depreciation, and present value.Given its scope, the book offers an indispensable reference guide and is a must-read for undergraduate and graduate students, as well as managers, scholars, and lecturers in financial economics and business.Table of Contents

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Book SynopsisIm Bereich "Geldanlage" liegen theoretische Erkenntnis und gelebte Praxis erstaunlich weit auseinander. Auf der einen Seite die Forschung mit ihren äußerst interessanten Ergebnissen, auf der anderen Seite das Heer der Privatanleger und Berater, die von den Ergebnissen der Wissenschaft kaum Notiz nehmen und weiter Dinge behaupten, die längst widerlegt sind - vor diesem Hintergrund haben wir zehn „Grundsätze soliden Investierens“ zusammengestellt. Sie sind zum Teil "genial einfach" (Prof. Dr. Martin Weber), vor allem aber entsprechen sie dem aktuellen Stand der Finanzmarktforschung und beschäftigen sich mit praktischen Fragen, die den Anleger angehen: Wirkt die Abgeltungsteuer in jedem Fall renditeschmälernd? Welche Gebühren sind bei den einzelnen Anlageformen enthalten? Wie plant man Anlagehorizont und Risikostreuung? Dr. Hannes Peterreins gibt nützliche Antworten und leicht umsetzbare Ratschläge.Trade Review“... Hervorragend für Einsteiger, teilweis empfehlenswert für Fortgeschrittene, es fehlt nichts Wesentliches. Sehr gut zu lesen und dabei mit knapp 200 Seiten ein angenehmer Umfang. Der Anspruch, dass die 10 Grundsätze helfen sollen, "die Vernunft vom Unsinn, die Wahrheit von der Unwahrheit zu unterscheiden" wird meiner Meinung nach eingelöst.” (sharewise.com, 17. Juni 2021) “Leicht verständlich und nachvollziehbar wird erklärt, wie sich die Erkenntnisse aus der Theorie in die Investment-Praxis übersetzen lassen. ... Nach Lektüre der entsprechenden Kapitel dürfte es künftig sehr viel leichter fallen, bei der Wahl der Finanzberater die Spreu vom Weizen zu trennen. ... Insgesamt ein sehr lesenswertes Buch, das gerade in der aktuell schwierigen Situation für Privatanleger äußerst hilfreich sein kann.” (zertifikate kompakt, 23/2008) “Hervorzuheben ist die gute und unterhaltsame Lesbarkeit, was bei einem vermeintlich so trockenen Thema wie Geldanlagen nicht zwingend zu erwarten ist. Peterreins' Analyse ist selbst für Finanz-Laien gut verständlich. Hierzu tragen vor allem die zahlreichen anschaulichen Beispiele bei und die substanziellen Ratschläge für viele Anlageformen und Produkte, mit denen Privatanleger ständig konfrontiert werden wie z.B. beim Thema Altervorsorge. Die Studie zeichnet sich ferner durch fundiertes Fachwissen aus. Daneben ist sie aufgrund der beschriebenen Schritte zum Anlageerfolg didaktisch gelungen aufbereitet.” (Politische Studien - Zweimonatsschrift für Politik und Zeitgeschehen, November/Dezember 2008) “Das Buch beschäftigt sich ... nicht nur mit der Finanzmarktforschung, sondern gibt vor allem ganz handfeste Tipps zu Themen wie Anlagehorizont oder Risikosteuerung.” (VDI Nachrichten, 2. Oktober 2008)Table of ContentsVorsicht Falle! Wie Intuition zu Fehlentscheidungen verleitet Zehn Schritte zum Vermögenswachstum in Zeiten der Abgeltungsteuer Wertpapiere und andere liquide Geldanlagen Illiquide Geldanlagen Sparen für die Altersvorsorge Wichtige Informationsquellen in Sachen Geldanlage Grundsätzliches zur Bankenaufsicht Finanzmathematik

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Book SynopsisDas Standardwerk der Investor Relations beleuchtet in der 2., überarbeiteten und erweiterten Auflage praxisnah die aktuellen rechtlichen Entwicklungen sowie Themen der Finanzmarktkrise. Es zeigt, wie IR-Verantwortliche auf die neuen Herausforderungen der internationalen Finanzmärkte reagieren müssen und welche Instrumente die Investor Relations dafür bieten.Trade Review"Das Praxishandbuch IR bietet eienn zuverlässigen und praxisorientierten Einstieg in das riesige Volumen an Wissen, das jeder IR-Manager mitbringen muss und ermöglicht mit seinen zahlreichen Literaturhinweisen bei Bedarf eine schnelle Vertiefung in relevante Themen." die bank - Zeitschrift für Bankpolitik und Praxis, 9-2009 "Zu jedem Kapitel haben die beiden Herausgeber [...] nicht nur Artikel von verschiedenen Autoren zusammengestellt, sondern auch eigene Beiträge einfließen lassen. Der rote Faden bildet stets auch der Börsengang und die damit einhergehenden Pflichten der Unternehmer, Anleger, Investoren und die Öffentlichkeit zu informieren. Hier wird anschaulich dargestellt, was ein Unternehmen tun muss, um an der Börse agieren zu können." feder brief - Finanz-Know-how für Unternehmen, Juni 2009 "Die Herausgeber verfolgen insgesamt einen breit gefächerten Ansatz, ablesbar an der Tatsache, dass das Buch auf verwandte Themen wie Corporate Governance, Risikotransparenz, Vertrauensaufbau und immaterielle Vermögenswerte eingeht. Dies ist nicht nur legitim, sondern auch wünschenswert, denn IR ist eng vernetzt mit Bereichen wie Risikocontrolling, Compliance und Governance. Für die hohe fachliche Qualität stehen namhafte Herausgeber und Autoren - alle mit langjähriger, vielfach internationaler Erfahrung auf dem Gebiet der Finanzkommunikation." DPRG intern - Informationen für Mitglieder, 5-2009 "Insgesamt bietet das Praxishandbuch Investor Relations solide Praxisinformationen über eine Kommunikationsdisziplin mit bemerkenswerten Zukunftsperspektiven." Newsletter DIRK - Deutscher Investor Relations Verband e.V., Juni 2009 "Woran sollte sich die Zielgruppe - bestehend nicht nur aus IR-Spezialisten und Finanzvorständen, sondern auch aus Beratern, Agenturen für Unternehmenskommunikation, Hochschullehrern und Studierenden - [...] fachlich orientieren? Die einfache Antwort lautet: an Standardwerken wie dem Praxishandbuch Investor Relations, das nun in 2. Auflage beiTable of ContentsGrundlagen der Investor Relations Betriebswirtschaftliche Fragen der Investor Relations Vorbereitung auf den Börsengang Investor Relations nach dem Börsengang Anforderungen an die Investor Relations aus Sicht von Akteuren und Adressaten

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Book SynopsisDie jüngste Finanzmarktkrise hat gezeigt, dass herkömmliche Diversifikationskonzepte nicht immer erwartungsgemäß funktionieren. In diesem Buch entwickeln mit Dirk Söhnholz, Sascha Rieken und Dieter Kaiser drei Experten aus den Bereichen Asset Allocation und Manager-Selektion neue Ansätze für nachhaltige Anlageerfolge. Während Diversifikation üblicherweise als Long-Only-Allokation zu wenigen Anlageklassen erfolgt, wird hier das Konzept der Diversifikation verallgemeinert und als eine breite Investment-Strategie-Diversifikation anstatt nur eine Diversifikation über Anlageklassen aufgefasst. Dabei werden Verfahren der Managerauswahl vorgestellt, die eine solche Strategie-Diversifikation ermöglichen. Soweit sinnvoll, werden auch passive Strategien berücksichtigt. Die Autoren zeigen, dass selbst eine naive Strategie-Diversifikation langfristig hervorragende Anlageergebnisse liefert. Insbesondere in Krisen schützen jedoch weder eine breite Diversifikation noch eine diskretionäre taktische Allokation zuverlässig vor Verlusten. Zur Absicherung sind systematische Risiko-Managementkonzepte daher unverzichtbar. Es wird ferner gezeigt, dass solche Risiko-Overlay-Konzepte auch für weniger liquide Anlageklassen erfolgreich eingesetzt werden können, wodurch deren langfristig hohen Renditepotentiale auch bei höherer Risikoaversion besser genutzt werden können. Die vorgeschlagenen Investmentkonzepte werden abschließend anhand eines Portfolios für einen idealtypischen Investor konkretisiert.Trade Review"Ein umfassendes und innovatives Buch, das sowohl die Grundlagen als auch notwendige Lösungen für eine nachhaltig erfolgreiche Kapitalanlage skizziert. Lesenswert für alle, die sich mit Asset-Management beschäftigen." Absolut report, 1-2011 "Finanztheoretisch und wissenschaftlich sehr fundiert gibt "Das Diversifikationsbuch" richtige Denkanstöße und erweist sich als exzellentes Hilfsmittel für Portfoliomanager, Berater und Investoren." DAS INVESTMENT, 1-2011Table of ContentsDiversifikation Bedeutung der Asset Allocation für den Portfolio-Ertrag Alternative Anlagestrategien Portfolio-Optimierung Moderne Asset Allocation-Ansätze Manager-Selektion Overlay-Strategien Ideal-Portfolio und Implementierungsrestriktionen

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Book SynopsisPassive Fonds sind die neuen Stars an den Börsen. Besonders gefragt und stark vermarktet sind börsengehandelte Indexfonds (ETF). Ihr Erfolgsgeheimnis: Sie sind meist einfach konstruiert, mit ihnen lassen sich zahlreiche Märkte und auch komplexe Anlagestrategien abbilden und sie sind vor allem preiswert. Das FUCHS-Aktuell „Vermögensmanagement mit ETFs" zeigt Ihnen, ob sich die börsengehandelten Indexfonds für ein umfassendes Vermögensmanagement eignen. Sie erfahren, welche Strategien mit den ETF verfolgt werden können, wie Sie taktisch investieren können und wie auch Privatanleger langfristig stabile und renditeträchtige ETF-Portfolios zusammenstellen und Anlagestrategien verfolgen können.Table of ContentsETFs unter der Lupe Vermögensmanagement mit ETFs ETF-Portfolios konstruieren

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Book SynopsisDer Inhalt des Buches deckt das Thema Wertpapierleihe/Wertpapierpensionsgeschäfte umfassend ab. Es vermittelt sowohl theoretische Produktkenntnisse (Produktbeschreibung, bilanzielle Abbildung, rechtliche Aspekte, Verträge, Risiken, steuerliche Behandlung, Netting und aufsichtsrechtliche Anforderungen, elektronische Handel- und Front-Office-Systeme, etc.) als auch praktische Einsatzmöglichkeiten bei Banken im Handel, Treasury sowie bei institutionellen Anlegern, wie Fonds, Versicherungen oder Hedge Fonds.Table of ContentsHistorische Entwicklung von Wertpapierdarlehen und Pensionsgeschäften (Repos).- Marktteilnehmer.- Wertpapierdarlehen im Überblick.- Wertpapierpensionsgeschäfte als Repo und Buy/Sell-Back.- Rechtliche Rahmenbedingungen.- Risiken bei Wertpapierdarlehens- und Repogeschäften.- Netting.- Aufsichtsrechtliche Anforderungen.- Formen des Handels, Clearings und Settlements.- Organisation, Aufbau und Segmente im Repogeschäft.- Einsatz von Repos und Wertpapiersachdarlehen im kurz- und längerfristigen Handel.- Repomärkte im Überblick.- Entwicklung des Repomarktes in Europa, Krisen, Tendenzen und Ausblick.

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Book SynopsisDas Buch bietet eine kompakte Einführung in entscheidungsorientiertes Risikomanagement. Die Autoren berücksichtigen dabei die Usancen auf globalen Märkten. Das Werk ist sowohl für Bachelor- als auch für Master-Studiengänge geeignet.Trade ReviewAus den Rezensionen: “… Das Buch bietet einen raschen Einblick in zahlreiche Modelle, welche zur Analyse risikopolitischer Strategien dienen ... Die Haptik des Buches ist ansprechend ...“ (Thomas Nowak, in: Betriebswirtschaftlichtliche Forschung und Praxis, Heft 6, 2013)Table of ContentsEinführung.- Risiko und Bank.- Risikoteilung und -transfer.- Value at Risk.- Hedging-Effektivität.- Futures und Lagerhaltung.- Risiko und Controlling.- Controlling und Risikoaversion.- Risikopolitik mit Optionen.- Dynamisches Hedging.- Konjunktur und Risikomärkte.- Währungswahl und Export.- Risikomarkt und KonTraG.- Regionalpolitik und Risiko.- Multinationales Unternehmen.- Markttransparenz.- Hintergrundrisiken.- Literatur.

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Book SynopsisDieses Buch erzählt von den häufigsten Fehlern, die bei der Anlage von Vermögen begangen werden, und gibt Ratschläge, wie Sie solche Fehler vermeiden und ein erfolgreicher Investor werden. Es wird Sie bei Ihren Entscheidungen anleiten: von der Festlegung Ihrer Ziele über die Recherche bis zu Käufen und Verkäufen, mit denen Sie Ihr Portfolio so abrunden, dass Sie eine langfristige Rendite bekommen, die zu Ihren persönlichen Zielen passt. Investorenlegenden wie Warren Buffett und Peter Lynch haben auch Fehler gemacht, aber nie denselben Fehler zweimal. Sie blieben hartnäckig bei ihrem Investmentansatz und zeigten über lange Zeiträume Disziplin, was sich in höheren Renditen niederschlug. Offensichtlich hatten sie auch Glück, aber sie trafen die richtigen Entscheidungen und über die Zeit hinweg war ihre Performance besser als die ihrer Mitanleger.Table of ContentsSchärfen Sie Ihr Anlegerprofil.- So führt Ihre konservative Strategie zu beachtlichem Anlageerfolg.- Bilden Sie sich zum Anlageexperten.- Behalten Sie Ihre Anlagen im Auge.- Verstehen Sie Ihre Anlagen.- Entwickeln Sie ein gutes Timing.

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Book SynopsisIn Zeiten des Klimawandels und der Ressourcenverknappung rücken Immobilien zunehmend in den Fokus der öffentlichen Wahrnehmung. Neben den wirtschaftlichen Vorteilen nachhaltiger im Vergleich zu konventionellen Immobilien untersucht Christian Gromer die wesentlichen Investoren und deren Motive. Aufbauend auf diesen Ergebnissen sowie basierend auf dem Realoptionsgedanken entwickelt er ein Kapitalmarktmodell zur Berücksichtigung einer energetischen Modernisierung im Immobilienwert.Table of ContentsImmobilienmarkt.-Kapitalmarkttheorie.- Nachhaltige Immobilien.- Immobilienbewertung.- Realoptionsansatz.- Energetische Modernisierung. ​

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Book SynopsisThis book tells the story of Burma's financial system - of its banks, moneylenders and 'microfinanciers' - from colonial times to the present day. It argues that Burma's financial system matters, and that the careful study of this system can tell us something more general about Burma - not least about how the richest country in Southeast Asia at the dawn of the twentieth century, became the poorest at the dawn of the twenty-first. While financial systems and institutions matter in all countries, Turnell argues that they especially count in Burma as events in the financial and monetary sphere have been unusually, spectacularly, prominent in Burma's turbulent modern history. The story of Burma's financial system and its players is one that has shaped the country. It is a dramatic story of interest beyond the confines of economics and development studies.Table of ContentsPreface; Acknowledgements; Note on Names and Places; Commonly Used Abbreviations; Timeline of Events in Modern Burma; 1. Introduction; 2. The Chettiars; 3. Cooperative Credit to the Rescue?; 4. One Bank, Two Countries: Imaginings of a Central Bank in Colonial Burma; 5. Aristocratic Eagles: The Commercial and Exchange Banks; 6. Reconstruction, a Currency Board and the Union 'Banks' of Burma; 7. Agricultural and Commercial Banking in the Parliamentary Democracy Era; 8. The Road to Ruin: Credit and Banking under Military Rule; 9. 'Reform' under the SLORC/SPDC; 10. The Crash; 11. Microfinance in Burma; Afterword; Bibliography; Index.

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Book SynopsisThis is the sixty-fourth issue of National Accounts Statistics: Main Aggregates and Detailed Tables, showing detailed national accounts estimates for 210 countries and areas for the reporting years 2011 to 2022. The national data for each country and area are presented in separate chapters using uniform table headings and classifications recommended in the United Nations System of National Accounts (SNA). A summary of the conceptual framework of the SNA and definitions of important terms are also included in this publication. Other statistical information covered includes gross domestic product, national income, savings, private and government consumption, and transactions of institutional sectors

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Book SynopsisThis report presents international investment trends and prospects at global, regional and national levels, as well as the evolution of international production and global value chains. It analyses the latest developments in new policy measures for investment promotion, facilitation and regulation around the world, as well as updates on investment treaties, their reform and investment dispute settlement cases. It provides an overview of industrial policy models for countries at different development levels and the role of investment policies within each model. It analyses the investment policy implications of the new industrial revolution for high-, middle- and low-income countries and offers a toolkit for investment policymakers on how to use investment policies for new industrial development strategies.

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Book SynopsisTechnology is entering into every aspect of the supply chain and providing performance and innovative tools. As many are just starting to talk about the dematerialisation of certain documents used in trade and transport, others are investigating how devices can communicate information directly to the rest of the supply chain without human intervention. Smart Containers are taking the digital age of shipping one step further beyond paperless processes by embracing the Internet of Things (IoT) to support enhanced decision-making by the various sectoral stakeholders. This provides greater visibility to the stakeholders within the transaction as well as to regulatory agencies who need detailed information on the consignments before they arrive at the border. This technology can be combined with other innovations such as blockchain, big data or data pipelines to provide even more facilitation to the trading community. In all of these cases, though, we see that creating clear, unambiguous message exchange standards will allow to capitalize the full potential of the enhanced data. This paper provides a detailed look into the various benefits of using Smart Containers as well as the various potential use cases for this technology. The project team continues its work to provide clear semantic standards for the exchange of this data in order to ensure that all stakeholders understand the same information in the same way.

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Book SynopsisThis Handbook aims to provide practical guidance on the calculation and allocation of the production of various types of financial services and issues related to the compilation of the financial account and balance sheets by institutional sector in the context of from-whom-to-whom relationships. The Handbook complements the 2008 SNA and related manuals, handbooks and guides. The concepts are described and defined in line with the 2008 SNA. Where appropriate, illustrative worked examples with step-by-step guidance are provided in the Handbook to give compilers and users a better picture of how to apply and interpret the various concepts. The Handbook is useful for staff working in national statistical offices, national central banks, international organizations and other institutions engaged in collecting, compiling and disseminating national accounts data, specifically on the financial corporations sector and financial account, and for users requiring a better understanding of such data.

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Book SynopsisThis publication, the 60th issue of National Accounts Statistics: Main Aggregates and Detailed Tables, contains detailed official national accounts data for over 200 countries or areas of the World for the years 2007 to 2018. It is a valuable source of information on the state and structure of economies worldwide. The data for each country or area are presented in separate chapters with uniform table headings and classifications as recommended in the System of National Accounts 1993 (1993 SNA). Each country chapter also contains a write-up on the methodology and data sources which are used to compile the national accounts. A summary of the SNA conceptual framework, classifications, definitions, is also included in the publication. Other statistical information covered includes gross domestic product, national income, savings, private and government consumption, and transactions of institutional sectors.

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Book SynopsisThis publication shows detailed national accounts estimates for over 200 countries and areas for the reporting years 2008 to 2019. National data for each country and area are presented in separate chapters using uniform table headings and classifications recommended in the United Nations System of National Accounts (SNA). A summary of the conceptual framework of the SNA and definitions of important terms are also included in this publication. Other statistical information covered includes gross domestic product, national income, savings, private and government consumption, and transactions of institutional sector

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Book SynopsisThe National Accounts Statistics: Analysis of Main Aggregates 2021 comprises in the form of analytical tables a summary of the principal national accounting aggregates based on official national accounts data for more than 200 countries and areas, covering the period 1970-2021. It also contains a section on the estimation methods used for compiling data, and is prepared by the Statistics Division of the Department of Economic and Social Affairs of the United Nations in cooperation with national statistical offices. Tables include analysis of data on gross domestic product (GDP) by different structural components. They are classified into: 1) analysis of the level and real growth of total and per capita GDP; 2) analysis of the percentage share of GDP by type of expenditure and gross value added by kind of economic activity; 3) analysis of economic development expressed in terms of real growth of GDP and its components by type of expenditure and gross value added by kind of economic activity; and 4) analysis of price development reflected by implicit price deflators of GDP

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Book SynopsisThe World Investment Report 2023 provides the latest trends and prospects for foreign direct investment. It documents a challenging year for cross-border investment flows, looking at greenfield investment in industry, project finance in infrastructure, and international production activities of the largest multinationals. Dedicated sections provide data on international investment in the SDGs and in sustainable energy. The Report further reviews recent policy developments, including trends in national investment policy measures and international investment agreements. It presents an overview of investment policy measures aimed at supporting the energy transition. The Report also documents sustainability trends in global capital markets, including sustainability-linked financial products, sustainable stock exchanges, institutional investor commitments and financial regulations - all with a special focus on the mobilization of funds for the energy transition. Finally, the theme chapter of the Report discusses ways and means to increase international private sector investment - in particular foreign direct investment and international project finance - in the energy sector in developing countries, taking into account both the energy transition imperative and SDG7 on affordable and reliable access to energy for all

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Book Synopsis

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Book SynopsisThere may be some readers of this book who are expecting a sort of Mrs Beeton of reinsurance, whose indications if carefully followed will ensure the satisfactory outcome of any reinsurance operation undertaken. They will, I fear, be disappointed for reinsurance is first and foremost a commercial enterprise, whose successful conduct depends upon so much that cannot be written in books or committed to paper. Above all else, it depends upon people and on the personalities of people as much as on their technical skills. Most reinsurers are born and only some are made, but none the less for either sort this book will be of inestimable benefit as a guide to the principles that lie behind the transaction of a business at once as complex and widespread as reinsurance is by its very nature. One of the main characteristics of this highly specialized business is the infinite variety of situations to which the reinsurer is called upon to adapt his business methods making any standardization of practice possible only on a broad, as opposed to a detailed, basis. This renders any attempt to encompass in one book all the practical alternatives and differences in approach to technical reinsurance problems a virtual impossibility.

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Book SynopsisThis is the first book to furnish a root cause of the low valuation of Japanese listed companies by using, as qualitative evidence, unique global investor surveys, which are rarely available for Japanese companies. Also contained in this book as quantitative evidence is empirical research with regression analysis implying a positive correlation between corporate governance and value creation in Japan.The author explains the rationale underlying the suggestion of the Ito Review on return on equity (ROE) 8% guidance, an almost 50% discounted valuation of the cash held by Japanese companies, corporate value and ROE, equity spread as a key performance indicator for value creation, an optimal dividend policy based on optimal capital structure, risk-adjusted hurdle rates for value-creative investment criteria, and the synchronization of environmental, social, and governance with equity spread.Illustrated with relevant statistics, evidence of shareholders’ voices, case studies, and empirical research, the book is highly recommended for readers who seek qualitative and quantitative evidence of Japan’s problems and potential prescriptions in connection with value creation. “This book empirically proves the relationship between non-financial capitals defined by IIRC and corporate value, and provides a convincing method to unlock corporate value in Japan via Abenomics corporate governance reforms. A must read!”Richard S. Howitt, Chief Executive Officer, International Integrated Reporting Council (IIRC) “This book addresses emerging issues such as the "Power of Intangibles" in addition to IMA-defined "Equity Spread" as a gauge for value creation from the viewpoint of management accounting. It is highly recommended for finance and accounting professionals.”Jeffrey C. Thomson, CMA, CAE. President and CEO, Institute of Management Accountants (IMA)Trade Review“This new book analyzes corporate governance in Japan from the perspective of a practitioner at the forefront of the business world and will help global investors understand Japan Inc. as it is today.” (Translated from Japanese, Ryohei Yanagi, Nikkei Sangyo Shimbun, July 19, 2018)Table of Contents1 Dawn of Corporate Governance: Japan must change.- 2 Cash Valuation Assessment of Japanese Corporations: When 100 yen is Valued at 50 yen.- 3 Abenomics Requires Enhancement of Corporate Value via ROE.- 4 Equity Spread and Value Creation.- 5 Value Creative Investment Criteria.- 6 Optimal Dividend Policy based on Optimal Capital Structure.- 7 Synchronization of Non-financial Capital and Value Creation: Japan should show ROE of ESG.- 8 Appendix: Latest investor Survey 2016 and 2017.- Index.

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Book SynopsisThis book offers a unique perspective on the State of Israel based on classical liberalism, both on a historical and theoretical level. Specifically, it makes a classical liberal and libertarian analysis based upon homesteading and private property rights to defend the State of Israel. As such, this work explores the history of the Jewish State, both to provide a positive case for its right to exist, and to clarify the myths surrounding its origin and development. At the same time, it deals with other relevant related subjects, such as the complex situation between Israel and the Palestinian Arabs, the military campaigns against the Jewish State, the connection between anti-Zionism and anti-Semitism, and Israel’s economic miracle. The thorough analysis presented in this work intends to show not only why the voices and movements against Israel are wrong (including the Boycott, Divestment and Sanctions movement, BDS), but more importantly, why Israel is an example of human flourishing and freedom that every advocate for liberty should celebrate. The Classical Liberal Case for Israel makes the practical and moral case for Israel. It is based on truths and facts that need to be repeated over and over. Block & Futerman understand that the only way to defeat a big lie is with a big truth. Benjamin Netanyahu, Prime Minister of the State of Israel, Jerusalem, Israel Classical Liberalism, often associated with the spread West from Northern Europe in creating free nations, is argued here as applying to Israel, with ancient roots in the principles of human freedom. Vernon L. Smith, Ph.D. Nobel Prize in Economic Sciences (2002), and Professor, George L. Argyros Endowed Chair in Finance and Economics, Professor of Economics and Law, Smith Institute for Political Economy and Philosophy, at Chapman University. Trade Review“Walter Block and Alan Futerman’s book is a valuable introduction to the problems between the Israelis and the Palestinians, especially when presented with more liberal or pro-Palestinian treatments. I appreciate the quantitative rigor with which the authors backed up their claims. This book helped me delve into previously unexplored areas. I am grateful. It should be required reading for college students worldwide, especially the professors and administrators.” (Milton, The Times of Israel, timesofisrael.com, November 29, 2023)Table of ContentsCommentary by Benjamin Netanyahu.- Introduction.- Chapter 1. Why Judea is Jewish.- Chapter 2. Zionism.- Chapter 3. The Palestinian Fiction Factory and the Historical Record.- Chapter 4. Peace Process ≠ Peace.- Chapter 5. The True Nature of Anti-Zionism and the BDS Movement.- Chapter 6. Critique of the Classical Liberal Case for AntiZionism.- Chapter. The Methodology of Anti-Zionist.- Chapter 8. To Be A Free Nation in Our Land.- Chapter 9. Conclusion.

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Book SynopsisThis textbook gives students an approachable, down to earth resource for the study of financial econometrics. While the subject can be intimidating, primarily due to the mathematics and modelling involved, it is rewarding for students of finance and can be taught and learned in a straightforward way. This book, going from basics to high level concepts, offers knowledge of econometrics that is intended to be used with confidence in the real world. This book will be beneficial for both students and tutors who are associated with econometrics subjects at any level.Table of ContentsChapter 1. Scope and Methodology of Econometrics. - Chapter 2. Random Walk Hypothesis: Random Walk Models. - Chapter 3. Geometric Brownian Motion. - Chapter 4. Efficient Frontier. - Chapter 5. Portfolio Optimisation. - Chapter 6. Introduction to Asset Pricing Factor Models: CAPM Multifactor Asset Pricing Models. - Chapter 7. Risk Analysis: Volatility risk ARCH & GARCH Models Value at Risk Models. - Chapter 8. Introduction to Fat tails: Fat tails in financial data How to handle fat tails It’s implication on investment decision. - Chapter 9. Introduction to Nonlinear Models: Threshold Regression TAR (Discrete) & STAR (Smooth). - Chapter 10. Introduction to Wavelets: Multi scale Wavelet decomposition; Wavelet Covariance and Correlation; Wavelet Coherence; and Wavelet Clustering

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Book SynopsisThis book is open access, which means that you have free and unlimited access.The increasing capacity of digital networks and computing power, together with the resulting connectivity and availability of “big data”, are impacting financial systems worldwide with rapidly advancing deep-learning algorithms and distributed ledger technologies. They transform the structure and performance of financial markets, the service proposition of financial products, the organization of payment systems, the business models of banks, insurance companies and other financial service providers, as well as the design of money supply regimes and central banking.This book, The Future of Financial Systems in the Digital Age: Perspectives from Europe and Japan, brings together leading scholars, policymakers, and regulators from Japan and Europe, all with a profound and long professional background in the field of finance, to analyze the digital transformation of the financial system. The authors analyze the impact of digitalization on the financial system from different perspectives such as transaction costs and with regard to specific topics like the potential of digital and blockchain-based currency systems, the role of algorithmic trading, obstacles in the use of cashless payments, the challenges of regulatory oversight, and the transformation of banking business models. The collection of chapters offers insights from Japanese and European discourses, approaches, and experiences on a topic otherwise dominated by studies about developments in the USA and China.Table of ContentsMarkus Heckel & Franz Waldenberger: Introduction Nobuyuki Kinoshita: The Impact of the Digital Transformation on the Financial System Kiyotaka Sasaki: Regulatory Oversight for a Digital Financial System - Challenges and Possible Responses Hiromi Yamaoka: Digital Currencies Ulrich Bindseil: CBDC Remuneration in a World with Negative Nominal Interest Rates Philipp Sandner: Digital Programmable Euro: When will the Euro be Running on a Blockchain? Takahide Kiuchi: Algorithmic Trading Yuri Okina: Cashless Payment in Japan Anna Omarini: The Future of Digital Banking: The Evolving Stages and a Forward Looking Perspective

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Book SynopsisThis is the first book to focus comparatively on the development processes of finance in China and Japan during the prewar period. The key issue is how to evaluate the role of government in the establishing of modern financial system. Both China and Japan started from a similar pre-modern situation in the middle of 19th century in that the monetary conditions were primitive and complicated, the traditional financial institutions were money-exchange-based, and above all, both countries had faced serious challenging pressure from the Western powers. International or domestic military affairs largely affected the development processes in both countries. While Japan succeeded in establishing its modern financial system that consistently supported its economic growth, China failed to modernize its money and banking system effectively at least until the end of World War II and the government had to change hands to the socialists, which further delayed the financial development. The experience of Japan suggests that the establishment of modern financial system may not simply be as a result of "spontaneous order", a concept used by Hayek, at least for the case of a catching-up country. The evolution process of money and banking in China shows that the role of government, especially its enforcement ability of and compliance to the rule of law may be more important than the "legal origins".Table of ContentsPreface.- Chapter 1. A Preliminary Introduction.- Chapter 2. Puzzles of the Monetary Regime in Premodern China.- Chapter 3. The Divergence between China and Japan.- Chapter 4. The Worst Currency or The Best Arrangement?.- Chapter 5. An Epilogue.- Index

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Book SynopsisThis book provides a comprehensive overview of the development and status of fintech in China. Occupying core position in fintech development, big data takes on stronger superiority and application value. Meanwhile, blockchain and other technological innovations, which are used to serve data, greatly promote the growth of fintech industry. Furthermore, not only the benefits are illustrated by the authors, but also the financial risks and noise caused by fintech and big data are discussed. By using both academic knowledge and newest real cases in China, this timely book will appeal to practitioners, academics, and policy makers.Table of Contents- Chapter 1. The development of Internet Finance- Chapter 2. The Core of Fintech: Big Data- Chapter 3. P2P Risk- Chapter 4. Development in Academia- Chapter 5. Technology and Blockchain- Chapter 6. Economies in Data- Chapter 7. Future Development

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Book SynopsisThe exclusion of the destitute population from the formal financial system is a long-standing problem in India. This book examines the performance of financial inclusion policies in India to understand their impact on two urban vulnerable groups, Slum Dwellers and Beggars. This study includes analysis at the national level, the variables of the financial inclusion index like Penetration, Availability, and Usage from 2006 to 2020 from the world bank data set. Similarly, the authors examine five policies on financial inclusion by conducting a primary level survey on two urban capital cities of Lucknow and Kolkata, using a well-structured questionnaire for data collection. The authors uses two sampling techniques: simple random in the case of beggars, and stratified random in the case of slum dwellers.This book highlights the difference between financial access and non-access of household respondents in capturing the impacts of financial inclusion schemes on their socio-economic condition and financial behavior. The findings indicate that access to these schemes is extremely limited for the underprivileged population, such as beggars and slum dwellers. The analysis has shown that claims made by the government are not based on real-life occurrences. This book demonstrates that these programs have a negligible effect on life-deprived people.This book will be of interest to academia, policymakers, and society at large.Table of ContentsS. No. TitleChapter 1: Introduction1.1 Introduction1.2 Definition of Financial Inclusion:1.3 Literature Review1.3.1 Concept of Financial inclusion and exclusion1.4 Problems of supply driven financial policies and poor1.5 Recent Financial Inclusion Schemes1.6 Research Questions1.7 Scope of the Study1.8 Statement of the Research Problem1.9 Objectives of the Study1.10 Hypothesis1.11 Methodology1.11.1 Research Methods1.12 Chapter Plan1.13 ReferencesChapter 2: Financial Theories and Their Relevance in Financial Inclusion2.1 Introduction2.2 Theoretical Background2.3 Individual-Oriented Perspectives2. 4 Sociological Perspective2.5 Institutional Perspective2.6 Conclusion2.7 ReferencesChapter 3: Impact of Recent Financial Inclusion Schemes on Status of Financial inclusion in India: Secondary Data Analysis3.1 Introduction3.2 Recent Financial Inclusion Schemes and Their Performances from Secondary Data Analysis3.2.1 Pradhan Mantri Jan-Dhan Yojana (PMJDY)3.2.2 Pradhan Mantri Mudra Yojana3.2.3 Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)3.2.4 Pradhan Mantri Suraksha Bima Yojana (PMSBY)3.2.5 Atal Pension Yojana (APY)3.3 Development of Financial Inclusion Index3.4 Calculation of Financial Inclusion Index (FII) – Comparison of Past Attempts3.5 The Financial Inclusion Index3.6 Impact Assessment of Recent Financial Inclusion Schemes on Financial Inclusion Index:3.6.1 Regression Model3.7 Conclusion3.8 ReferencesChapter 4 Socio-Economic Conditions and Pattern of Access and Non-Access in Recent Financial Inclusion Schemes of the Poorest of Poor.4.1 Introduction4.2 Socio-economic conditions of Beggars from Lucknow and Kolkata.4.3 Socio-economic conditions of slums from Lucknow and Kolkata.4.4 Access and Non-access pattern of financial products and services (Slums)4.5 Access and Non-access pattern of financial products and services (Beggars)4.6 Patterns of access and non-access with reference to socio -economic factors4.7 Determining Factors of Financial Access among Slum Dwellers and Beggars4.7.1 Hypothesis testing 4.7.2 Binary Logistic Regression Model4.8 Findings4.9 Conclusion4.8 ReferencesChapter 5: Financial Inclusion Schemes and Changing Socio Economic Status of Poorest of The Poor5.1 Introduction5.2 Living Status of Slums in Lucknow and Kolkata5.3 Flow chart of Hypothesis: Banking access and socio-economic status of slums in Lucknow and Kolkata5.4 Socio Economic Status: Variables of the study5.5 Socio Economic Index5.6 Regression Model (I)5.7 Financial Inclusion and Financial Literacy Index5.8 Regression Model (II)5.9 Findings5.10 Conclusion5.11 ReferencesChapter 6: Impact of Recent Financial Inclusion Schemes on Economic and Financial Behaviour of Poorest of the Poor6.1 Introduction6.2 Financial Access and Income Pattern of Slum Dwellers6.3 Financial Access and Expenditure Pattern of Slums6.4 Income Expenditure Mismatch Among Slums Dwellers and Beggars6.5 Financial Access and Financial Behaviour of Slum Dwellers6.6 Description of MANOVA Model6.6.1 Multivariate Analysis of Variance (MANOVA) 6.7 Findings6.8 Conclusions6.9 ReferencesChapter 7 Conclusions, Findings and Recommendation7.1 Conclusions7.2 Findings of the Study7.3 Recommendations of the study7.4 Limitations of the Study8.1 Bibliography 9.1 Appendixes 5.12 Appendixes

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Book SynopsisThis book focuses on improving reading comprehension by targeting the jargon, idiomatic language and academic expressions used in the business world. A Student’s Guide to the Language of Finance is a reference textbook designed to unlock the jargon of the business and finance world for international students, improving the reading comprehension and writing skill of English language learners by targeting the jargon, idiomatic language, and academic expressions employed in the business, finance, and banking fields. Covering terms not always captured in business dictionaries or workbooks, the resource also contains sections on spoken business English, key academic terms found in textbooks and journals and useful expressions to employ when writing an academic paper. It is specifically targeted at students whose first language is not English.Table of ContentsIntroduction.- Reading. Idiomatic Language of Business and Finance.- Writing. Common Essay Mistakes in Business and Finance.

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Book SynopsisThis book is about the roles that financial institutions are expected to play for revitalizing regional economies in Japan, which face several serious problems such as a rapidly aging population as well as a sharp decline in population. The Japanese government expects regional financial institutions to contribute to that revitalization. Actually, Japanese regional financial institutions have made various efforts to support small and medium-sized enterprises (SMEs) to increase their profitability and sustainability. However, the efforts have not yet produced adequate outcomes. To help clarify the reasons for the failures and to offer policy recommendations, the authors used four questionnaires to conduct surveys. They sent the questionnaires to the headquarters of regional financial institutions for Chapter 1 and to the staffs of regional financial institutions for Chapter 2. The government revised the Credit Guarantee System Reform Act in 2017 to promote financial institutions and credit guarantee corporations in order to proactively support SMEs, so in Chapter 3 the aims of the revised act are explained. Chapter 4 is based on a survey of startups that used the public credit guarantee. Finally, Chapter 5 is based on another, different questionnaire that was sent to SMEs to find out why they failed to improve their risk management and how financial institutions can help them to prepare for disasters. To the best of the authors’ knowledge, these questionnaire studies on regional revitalization have not been carried out elsewhere, making this book unique.Table of ContentsPrefaceAcknowledgement Contents About the Authors Chapter 1 How Regional Financial Institutions Can Promote Regional Revitalization in Japan: Results of the 2017 Survey on Regional Finance Abstract Key words 1. Introduction 2. Challenges faced in regional revitalization measures 2.1 Regional revitalization as a part of the management philosophy of financial institutions 2.2 Attitude towards involvement in regional revitalization 2.3 How to convey the resolve of top management 3. Challenges faced in corporate support measures 3.1 Disparities in management improvement measures 3.2 Problems faced in corporate turnaround measures 3.3 Personnel evaluations affecting support stances 4. Challenges in startup support activities 4.1 Track record of financing startup companies with low credit worthiness 4.2 Difficulties in providing funding to startup companies 4.3 Support for would-be startup founders 4.4 Business viability evaluation strength and startup support strength 5. Business matching efforts and issues 5.1 Business matching beneficial to both customers and financial institutions 5.2 Challenges in business matching efforts 5.3 Personnel evaluation methods 6. New employee retention and challenges 6.1 New employee retention 6.2 Personnel evaluation affecting new hire attrition rates 6.3 New hire attrition rates and insufficient corporate support personnel 6.4 Disparities in efforts to address attrition rates 7. Conclusions References Chapter 2 Current Situation and Challenges of Human Resources Management of Financial Institutions: Based on the 2017 attitude survey of young and mid-level staff of Japanese financial institutions Abstract Keywords 1. Introduction 2. Survey Implementation Overview 3. Reason for choosing employment at a financial institution 4. Sense of accomplishment in work 5. Financial institution personnel and performance evaluation system 6. Receptiveness to new evaluation systems 7. Evaluation of workplace environments 8. Conclusions References Chapter 3 Japan’s Credit Guarantee System Reform of 2017 and New Functions of Credit Guarantee Corporations Abstract 1. Introduction 2. What Issues Did the Financial WG of the Small and Medium Enterprise Policy-Making Council Try to Solve? 3. What Did the Financial WG Propose to Enhance Functions of Credit guarantee corporations? 3.1 Securing of conventional loans 3.2 Enhancement of credit guarantee corporation functions 3.2.1 Appropriate risk allocation between credit guarantee corporations and financial institutions 3.2.2 Promotion of management support and business turnaround 3.2.3 Contributions to regional revitalization 3.3 Promoting information disclosure and improving operation efficiency 4. Conclusions References Chapter 4 Roles of the Public Credit Guarantee System and Regional Financial Institutions in Supporting Startup Firms: Based on the survey conducted by the Aichi Credit Guarantee Corporation Abstract Key words 1. Introduction 2. Questionnaire of “Companies using Aichi Credit Guarantee Corporation’s Credit Guarantee for Support of Start-ups” 2.1 Target companies 2.2 Survey overview 3. Survey results 3.1 Steady growth after using the credit guarantee 3.2 Main fears of founders around the time of founding the business 3.3 Credit guarantee corporation’s consultation with founders preparing to start-up a business 3.4 Important motive for the business start-up plan 3.5 Room for improvement for financial institution behavior during loan refusal 3.6 Role of credit guarantee loans for founders 3.7 Concerns and complaints of founders during their first use of credit guarantees 3.8 Response of financial institutions after using credit guarantees 4. Conclusion References Chapter 5 The Great East Japan Earthquake and Risk Management for Small and Medium Enterprises: Based on the 2014 SME survey Abstract Keywords 1. Introduction 2. Great East Japan Earthquake and utilization of earthquake insurance by SMEs 2.1 Previous research related to earthquake insurance in Japan 2.2 Insurance usage by SMEs affected by the Great East Japan Earthquake 2.3 Specified earthquake risk contact 2.4 The situation of a specified earthquake risk contract after the earthquake 3. Overview of corporate questionnaire used in the analysis 4. Analysis results 4.1 Insurance usage to prepare against disasters 4.2 Risk management before the earthquake 4.3 Influence of the Great East Japan Earthquake on risk management activities 4.4 Precautionary countermeasures and the earthquake’s impact on business performance 5. Conclusion References

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Book SynopsisIntroductory.- Overall status of SME Finance and its development.- Interfrim reallocation of funds.- Allocation of funds.

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Book Synopsis

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Book SynopsisChapter 1: Advancing Financial Inclusion for Sustainable Development: Strategies and Recommendations for Achieving the SDGs.- Chapter 2: Nexus Between Financial Inclusion and Environmental Sustainability.- Chapter 3: Financial Inclusion and Environmental Sustainability in African Countries: Role of Technology Innovation.- Chapter 4: Financial inclusion and agriculture: How has digital finance influenced payments for agricultural goods in Nigeria?.- Chapter 5: A Nexus of Green Finance and Food Security in South Asia: A Systematic Literature Review Paradigm.- Chapter 6: The Impact of the Green Economy on Performance among Banking Sector in Malaysia.- Chapter 7: The impact of variables of Financial Inclusion on Economic Growth.- Chapter 8: Unveiling Challenges: The Power of Global Financial Inclusion.- Chapter 9: Financial Inclusion’s Development in The Management Sector: Business Economics.- Chapter 10: Does Public Debt Matter for Financial Inclusion: Some Cross - Country Evidence.- Chapter 11: A Bibliometric Analysis of the Impact of Digitalization on Acceptance of FinTech Services.- Chapter 12: The Nigerian Naira Redesign: A Boon or Bane on the Financial Inclusion - Poverty Reduction Nexus?.- Chapter 13: Impact of M-Payment on Business Performance of Street Vendors in Bengaluru.

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Book SynopsisTheoretical Basis and Practice of Financial Innovation and Cooperation in City Clusters.- Financial Cooperation, Diversified Development and City Cluster Construction.-International Cases of Financial Innovation Cooperation in City Clusters and the Perspective of the Bay Area.- Positioning Strategies of Financial Innovation and Cooperation in City Clusters in the Light of Zhuhai-Macao Cooperation.- Financial Market Innovation, Paths of Cooperation and Practices in Zhuhai and Macao.- Macao Meeting the Needs of the RMB Market in Portuguese-speaking Countries, Providing Room for Innovative Cooperation between Zhuhai and Macao.- Promoting the Mutual Development of Macao's Offshore Financial Market and Zhuhai's Cross-border Financial Market.- Promoting the Convergence of Financial Derivatives Market in Zhuhai and Macao with the Main Focus on Gold and Bulk Commodities.- Cross-border Financial Cooperation as the Main Path to Promote the Transformation of Financial Services in Zhuhai and Macao.- Financial Innovation and Cooperation within City Clusters during the Establishment of Export Insurance Credit System in Macao with the Aid of Zhuhai.- Opportunity of the Zhuhai-Macao Cooperation in Financial Market in Developing Green Finance.- Focusing on the Development of Zhuhai-Macao City Cluster and the Cooperation between China and Portuguese Speaking Countries to Promote Macao's Financial Leasing Industry.- Paths for Macao to cooperate with Zhuhai to promote the development of wealth management.- Etc...

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Book SynopsisThe Third Generation of the Internet.- Blockchain Technological Principles and Development History of RWA and Tokenization.-Types of RWA Tokens and Core Elements.- Principles of Token Economics and Ecological Development.-Typical Cases of RWA and Tokenization in Investment and Financing.- Stablecoins — The Bridge Between Digital Assets and the Real World.- Risks, Challenges, and Counter Strategies of RWA and Tokenization.- Summary, Review, and Development Recommendations of RWA and Tokenization.

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Book SynopsisThis treatise delves into the latest advancements in stochastic volatility models, highlighting the utilization of Markov chain Monte Carlo simulations for estimating model parameters and forecasting the volatility and quantiles of financial asset returns. The modeling of financial time series volatility constitutes a crucial aspect of finance, as it plays a vital role in predicting return distributions and managing risks. Among the various econometric models available, the stochastic volatility model has been a popular choice, particularly in comparison to other models, such as GARCH models, as it has demonstrated superior performance in previous empirical studies in terms of fit, forecasting volatility, and evaluating tail risk measures such as Value-at-Risk and Expected Shortfall. The book also explores an extension of the basic stochastic volatility model, incorporating a skewed return error distribution and a realized volatility measurement equation. The concept of realized volatility, a newly established estimator of volatility using intraday returns data, is introduced, and a comprehensive description of the resulting realized stochastic volatility model is provided. The text contains a thorough explanation of several efficient sampling algorithms for latent log volatilities, as well as an illustration of parameter estimation and volatility prediction through empirical studies utilizing various asset return data, including the yen/US dollar exchange rate, the Dow Jones Industrial Average, and the Nikkei 225 stock index. This publication is highly recommended for readers with an interest in the latest developments in stochastic volatility models and realized stochastic volatility models, particularly in regards to financial risk management.Table of Contents1 Introduction.- 2 Stochastic Volatility Model.- 3 Asymmetric Stochastic Volatility Model.- 4 Stochastic Volatility Model with Generalized Hyperbolic Skew Student’s t Error.- 5 Realized Stochastic Volatility Model.

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Book SynopsisThis book investigates the institutional characteristics of state-linked firms in Vietnam to draw lessons for investors/MNCs targeting Vietnam and other emerging markets in the region. Vietnam and many other ASEAN countries have gone through a period of privatization and equitization of wholly controlled SOEs, with the State retaining partial ownership in many privatized businesses. This book explains the dynamic relationships between the State, BODs, shareholders, and regulators and their influence on corporate governance and SOE performance. This book differs from other publications in that it extrapolates the findings from our study to a broader context on how the defined internal mechanisms implicate the local economy and global supply chains/markets. This book investigates robust theoretical foundations, and rigorous applied empirical research underpin the role of the State in SOEs. It differs from other studies in terms of qualitative and empirical research to provide the contextual setting to elucidate how to successfully navigate emerging market business with the State as an "owner-participant." This book explains the theoretical constructs of corporate governance in SOEs, applies empirical research methodologies, and draws results to validate inferences to (1) investigate the link between the board of directors and ownership attributes and agency cost levels using Vietnamese listed firms for the period from 2006 to 2013, (2) evaluate the effectiveness of State's corporate initiatives and monitoring through its sovereign wealth fund known as the State Capital Investment Corporation (SCIC), and (3) infer and explain the motivation of the State as a shareholder. This book takes cognizance of Vietnam's idiosyncratic institutional (using its sovereign wealth fund as an investment vehicle and management proxy), economic, regulatory, and corporate environments and the realities for developing an effective and sustainable business model, vis-à-vis the ownership structure, board of directors' composition and corporate governance, for better business performance. While the focus is on Vietnam, the content is also relevant to the role of the State in other emerging markets as a player in shaping the business strategy, model, and direction of SOEs. Table of ContentsChapter 1. Introduction.- Chapter 2. Role of Vietnam in a changing global economy.- Chapter 3. Literature on corporate governance and ownership structure.- Chapter 4. Vietnam’s corporate governance, regulatory and institutional settings.- Chapter 5. Empirical research methodology.- Chapter 6. Empirical Results – Corporate governance attributes and the role of sovereign wealth fund in government business.- Chapter 7. Ownership and governance implications for doing business in Vietnam.- Chapter 8. An effective corporate governance emerging market business model and concluding thoughts.

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Book Synopsis

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Book Synopsis

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Book Synopsis

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Book Synopsis

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Book Synopsis

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Table of ContentsPart 1: The State of the Air Transportation Industry1. Industry Profitability2. The Structure of Airport Finances3. Operating Efficiencies Part 2: The Nature of Airports4. Airports within the Air Transportation System5. The Changing Environment of the Airport Business6. The Metamorphosis of Airports7. Social, Environmental, and Political Impact of Airports Part 3: Airport Economics8. Regional Location Differences9. Operational Size10. Capital Structure, Costs and Productivity11. Investment Spending12. Ownership Models13. The Regulatory Environment Part 4: Airport Financial Management 14. The Two-Sided Nature of the Airport Business15. Economies of Scale and the Investment Cycle16. Business Diversification Implications Part 5: Measuring and Managing Financial Performance17. Major Issues in Financial Management and Control18. Tools for Performance Analysis and Control19. Value-Based Management20. Financing Growth

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