Finance and the finance industry Books

Book SynopsisSynconomy argues that the operating state of a firm has a synergistic relationship with the behaviour of the entire marketplace. This will be important in order to understand the value of the firm and predict its performance. The book will explore the business conditions of an ever-more interoperating global economic marketplace in which companies, customers and competitors collaborate on many issues. The book proposes a new approach to measuring value in this inter-connected global framework.Table of ContentsThe New Corporate Globality Value Does Not Simply Translate to Product or Service The Global Flow of Capital The Redefinition of the Corporation and the Nation State National Allegiance, Corporate Loyalty and Religious Complexity International Trade, Protectionism and Globally Economic Impact Conclusions

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book SynopsisThis book examines the crucial role of investors both retail and institutional investors and interment managers, the corporate board of directors and management in collaborating to achieve financial ESP and nonfinancial ESG sustainability performance in creating shared value for all stakeholders.Business sustainability has become economic and strategic imperative with potential to create opportunities and risks for businesses. There have been considerable efforts by regulators and business organizations to encourage the board of directors and management to pursue profit-with-purpose goals in by focusing on long-term investment and integrating environmental, social and governance (ESG) sustainability into their strategic and investment decisions. The concept of impact investing, of focusing on the importance and relevance of corporate investment strategies in achieving financial economic sustainability performance (ESP) in creating returns on investment and in obtaining non-financial ESG sustainability performance of providing positive social and environment impacts, is gaining acceptance by retail and institutional investors. Positive effects on the environment and society cannot be achieved without allocating scarce resources that could otherwise be used to maximize firms' financial economic performance. The role of the board of directors is to oversee the managerial function of focusing on the long-term financial ESP and non-financial ESG sustainability performance, effectively communicating sustainability performance information to all stakeholders.This book examines the crucial role of investors both retail and institutional investors and interment managers, the corporate board of directors and management in collaborating to achieve financial ESP and nonfinancial ESG sustainability performance in creating shared value for all stakeholders. This book also highlights how people, business and resources collaborate in achieving sustainability performance of creating shared value for all stakeholders. Anyone who is involved with business sustainability and corporate governance will be interested in this book.

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book SynopsisThe volume starts with the trends in bank deposits (and hence available financial resources) in the region around North Dakota's Bakken Formation oil reserves. Then comes a contribution analyzing how various regulatory uncertainties are undermining real estate investment. We have a study of corporate governance and firm performance for companies listed on the Indian Exchange, plus an ex-dividend analysis of emerging country stocks listed on the Dhaka Stock Exchange (DSE), where the tax rate is higher on dividends than on capital gains. Further analysis of dividend policy includes a study of how executives manage dividend growth in companies included in the Dow Jones Industrial Average and the NASDAQ Index (with data from 1989 into 2011). Also on the global stage we have analysis of systemic risk and financial contagion in Morocco. Then we also have an analysis of hedge fund performance. We also have analysis of share price response to operating cash flow in corporate bankruptcies. In the quantitative arena we have an application of the IZO Model (using a principal component approach), and improved empirical estimation of option volatility.Table of ContentsThe Effect of Oil Production on Bank Deposits in North Dakota’s Bakken Formation. An Options Approach to the Project Activation Decision in the Aerospace Industry. Democracy and Stock Market Development: The African Experience. Ex-day Stock Price Behavior in an Emerging Market. How Do Managers Manage Dividend Growth Rates?. The Responsiveness of Share Price to Operating Cash Flow in Modern Corporate Bankruptcies. Systemic Risk and Financial Contagion in Morocco: New Approaches of Quantification. A Least-Squares Approach for Estimating the Volatility Implied by Option Premia: Overcoming Smiles and Frowns. Effect of Corporate Governance on Firm Performance – A Study of Selected Indian Listed Companies. List of Contributors. Overlaps of Private Sector with Public Sector around the Globe. Overlaps of Private Sector with Public Sector around the Globe. Copyright page. Introduction. Research in Finance.

Read more less

Book Synopsis

Read more less

Book SynopsisFinancial risk management is a topic of primary importance in financial markets. It is important to learn how to measure and control risk, how to be primed for the opportunity of compensative return, and how to avoid useless exposure.

Read more less

Book SynopsisWith a foreword by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand.Digital disruption is rapidly transforming the financial sector, propelled by FinTech, BigTech, and non-bank institutions meeting public needs but challenging incumbents. Central banks must adapt to facilitate fair competition, protect customer rights, and integrate new technology. Initiatives in countries like India, Brazil, and Thailand have reshaped finance, enhancing accessibility. Future developments, including central bank digital currencies, may revolutionize financial infrastructures, enabling incumbents and new players to offer improved products and services.Central Banking at the Frontier: Creating a Digital Financial Landscape: Architecting the New Digital Financial Landscape comprehensively explores these changes, providing insights into emerging issues, initiatives, and debates that will define the evolving financial landscape.Relevant not only for central banke

Read more less

Book Synopsis

Read more less

Book SynopsisWhether you are a beginning investor or a seasoned professional with a substantial property portfolio, you must read this book which will provide you strategies, insights and perspectives from Australia's leading expert in wealth creation through property. Since its first publication in March 2006 How to Grow A Multi-Million Dollar Property Portfolio - in your spare time has become an Australian investment classic and #1 best seller. Michael Yardney 'felt compelled to update this book to teach readers how to protect and build real estate wealth in a changing market with his 6 Standard Strategic Approach to investment that has stood the test of time and changing markets'Bestselling author and leading Australian investment expert Michael Yardney offers his time-proven step by step action plan showing you how to achieve real wealth through property investment. Use this book to learn how to live the life of a property multi-millionaire using Michael's system to buy more properties with no money out of your own pocket. Whether you are a beginning investor or a seasoned professional with a substantial property portfolio, you must read this book which will provide you strategies, insights and perspectives from Australia's leading expert in wealth creation through property. Including:* A step by step action plan showing you how to achieve real wealth through property investment. * The hidden profit potential most investors miss when buying properties. * How to buy below market value and then add value for instant profit. * Michael's pyramiding system to buy more properties with no money out of your own pocket. * Lessons from past property cycles that will ensure you reap the benefits of the changing economic and property climate. * Techniques on how to get the banks to say 'yes' to more of your deals. * Advanced strategies such as the tax 'loopholes' available to property investors, power negotiating tricks and becoming a master at dealing with real estate agents. * How to live the life of a property multi-millionaire using the increasing equity of your properties.

Read more less

Book SynopsisAll CFA® Program exams through November 2021 will reflect the 2020 curriculum. Purchase your copy and begin studying for Level II now! The CFA® Program Curriculum 2020 Level II Box Set provides candidates and other motivated investment professionals with the official curriculum tested on the Level II CFA exam. This set includes practical instruction on the 10 core topics covered in the Candidate Body of Knowledge (CBOK) to prepare readers for their 2020 or 2021 Level II exam windows. Beyond the fundamentals, this set also offers expert guidance on how the CBOK is applied in practice. The Level II CFA® Program Curriculum focuses on complex analysis and asset valuation; it is designed to help candidates use essential investment concepts in real-world situations analysts encounter in the field. Topics explored in this box set include ethical and professional standards, quantitative analysis, economics, financial reporting and analysis, corporate finance, equities, fixed income, derivatives, alternative investments, and portfolio management. Visuals like charts, graphs, figures, and diagrams illustrate complex material covered on the Level II exam, and practice questions with answers help you understand your study progress while reinforcing important content. The CFA® Program Curriculum 2020 Level II Box Set builds from the foundational investment skills covered in Level I. This set helps you: Incorporate analysis skills into case evaluations Master complex calculations and quantitative techniques Understand the international standards used for valuation and analysis Gauge your skills and understanding against each Learning Outcome Statement Perfect for anyone considering the CFA® designation or currently preparing for a 2021 exam window, the 2020 Level II Box Set is a must-have resource for applying the skills required to become a Chartered Financial Analyst®.Table of ContentsHow to Use the CFA Program Curriculum ix Curriculum Development Process ix Organization of the Curriculum x Features of the Curriculum x Designing Your Personal Study Program xi Feedback xiii Ethical and Professional Standards Study Session 1 Ethical and Professional Standards (1) 3 Reading 1 Code of Ethics and Standards of Professional Conduct 5 Preface 5 Evolution of the CFA Institute Code of Ethics and Standards of Professional Conduct 6 Standards of Practice Handbook 6 Summary of Changes in the Eleventh Edition 7 CFA Institute Professional Conduct Program 9 Adoption of the Code and Standards 10 Acknowledgments 10 Ethics and the Investment Industry 11 Why Ethics Matters 11 CFA Institute Code of Ethics and Standards of Professional Conduct 15 Preamble 15 The Code of Ethics 15 Standards of Professional Conduct 16 Reading 2 Guidance for Standards I–VII 21 Standard I: Professionalism 21 Standard I(A) Knowledge of the Law 21 Guidance 21 Recommended Procedures for Compliance 26 Application of the Standard 27 Standard I(B) Independence and Objectivity 30 Guidance 30 Recommended Procedures for Compliance 35 Application of the Standard 36 Standard I(C) Misrepresentation 43 Guidance 43 Recommended Procedures for Compliance 46 Application of the Standard 48 Standard I(D) Misconduct 53 Guidance 53 Recommended Procedures for Compliance 54 Application of the Standard 54 Standard II: Integrity of Capital Markets 56 Standard II(A) Material Nonpublic Information 56 Guidance 56 Recommended Procedures for Compliance 60 Application of the Standard 63 Standard II(B) Market Manipulation 68 Guidance 68 Application of the Standard 69 Standard III: Duties to Clients 73 Standard III(A) Loyalty, Prudence, and Care 73 Guidance 73 Recommended Procedures for Compliance 77 Application of the Standard 78 Standard III(B) Fair Dealing 82 Guidance 82 Recommended Procedures for Compliance 84 Application of the Standard 86 Standard III(C) Suitability 90 Guidance 90 Recommended Procedures for Compliance 93 Application of the Standard 94 Standard III(D) Performance Presentation 97 Guidance 97 Recommended Procedures for Compliance 98 Application of the Standard 98 Standard III(E) Preservation of Confidentiality 101 Guidance 101 Recommended Procedures for Compliance 103 Application of the Standard 103 Standard IV: Duties to Employers 105 Standard IV(A) Loyalty 105 Guidance 105 Recommended Procedures for Compliance 109 Application of the Standard 109 Standard IV(B) Additional Compensation Arrangements 116 Guidance 116 Recommended Procedures for Compliance 116 Application of the Standard 116 Standard IV(C) Responsibilities of Supervisors 118 Guidance 118 Recommended Procedures for Compliance 120 Application of the Standard 122 Standard V: Investment Analysis, Recommendations, and Actions 126 Standard V(A) Diligence and Reasonable Basis 126 Guidance 126 Recommended Procedures for Compliance 130 Application of the Standard 130 Standard V(B) Communication with Clients and Prospective Clients 137 Guidance 138 Recommended Procedures for Compliance 140 Application of the Standard 141 Standard V(C) Record Retention 146 Guidance 146 Recommended Procedures for Compliance 147 Application of the Standard 148 Standard VI: Conflicts of Interest 149 Standard VI(A) Disclosure of Conflicts 149 Guidance 149 Recommended Procedures for Compliance 152 Application of the Standard 152 Standard VI(B) Priority of Transactions 157 Guidance 157 Recommended Procedures for Compliance 158 Application of the Standard 160 Standard VI(C) Referral Fees 162 Guidance 162 Recommended Procedures for Compliance 162 Application of the Standard 162 Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate 165 Standard VII(A) Conduct as Participants in CFA Institute Programs 165 Guidance 165 Application of the Standard 167 Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program 170 Guidance 170 Recommended Procedures for Compliance 172 Application of the Standard 173 Practice Problems 175 Solutions 193 Study Session 2 Ethical and Professional Standards (2) 205 Reading 3 Application of the Code and Standards 207 Introduction 207 Edvard Stark 208 Duties to Clients 209 Duties to Employers 210 Investment Analysis, Recommendations, and Actions 211 Conflicts of Interest 211 Subath Agarway 212 Professionalism 214 Conflicts of Interest 215 Peter Sherman 216 Loyalty to One’s Employer 217 Solicitation of Clients and Prospects 218 Misappropriation of Employer Property 218 Disclosure of Additional Compensation and Conflicts 219 Preston Partners 220 Responsibilities to Clients and Interactions with Clients 221 Allocation of Trades 222 Responsibilities of Supervisors 223 Super Selection 224 Responsibilities of Supervisors 225 Employees and the Employer/Supervisor 226 Reasonable Basis 227 Duties to Clients 227 Investment Recommendations and Actions 227 Priority of Transactions 228 Reading 4 Trade Allocation: Fair Dealing and Disclosure 229 Reading 5 Changing Investment Objectives 233 Quantitative Methods Study Session 3 Quantitative Methods 237 Reading 6 Fintech in Investment Management 239 Introduction 239 What Is Fintech? 240 Big Data 241 Sources of Big Data 242 Big Data Challenges 244 Advanced Analytical Tools: Artificial Intelligence and Machine Learning 244 Types of Machine Learning 245 Data Science: Extracting Information from Big Data 247 Data Processing Methods 247 Data Visualization 247 Selected Applications of Fintech to Investment Management 249 Text Analytics and Natural Language Processing 249 Robo-Advisory Services 250 Risk Analysis 252 Algorithmic Trading 253 Distributed Ledger Technology 253 Permissioned and Permissionless Networks 255 Applications of Distributed Ledger Technology to Investment Management 256 Summary 257 Practice Problems 259 Solutions 261 Reading 7 Correlation and Regression 263 Introduction 264 Correlation Analysis 264 Scatter Plots 264 Correlation Analysis 265 Calculating and Interpreting the Correlation Coefficient 268 Limitations of Correlation Analysis 270 Uses of Correlation Analysis 273 Testing the Significance of the Correlation Coefficient 282 Linear Regression 285 Linear Regression with One Independent Variable 286 Assumptions of the Linear Regression Model 289 The Standard Error of Estimate 292 The Coefficient of Determination 295 Hypothesis Testing 297 Analysis of Variance in a Regression with One Independent Variable 305 Prediction Intervals 308 Limitations of Regression Analysis 311 Summary 311 Practice Problems 314 Solutions 323 Reading 8 Multiple Regression and Machine Learning 327 Introduction 328 Multiple Linear Regression 328 Assumptions of the Multiple Linear Regression Model 334 Predicting the Dependent Variable in a Multiple Regression Model 339 Testing whether All Population Regression Coefficients Equal Zero 341 Adjusted R2 343 Using Dummy Variables in Regressions 344 Violations of Regression Assumptions 348 Heteroskedasticity 349 Serial Correlation 355 Multicollinearity 359 Heteroskedasticity, Serial Correlation, Multicollinearity: Summarizing the Issues 362 Model Specification and Errors in Specification 363 Principles of Model Specification 363 Misspecified Functional Form 364 Time-Series Misspecification (Independent Variables Correlated with Errors) 372 Other Types of Time-Series Misspecification 376 Models with Qualitative Dependent Variables 376 Machine Learning 378 Major Focuses of Data Analytics 379 What Is Machine Learning? 380 Types of Machine Learning 381 Machine Learning Algorithms 383 Supervised Machine Learning: Training 390 Summary 391 Practice Problems 396 Solutions 421 Reading 9 Time-Series Analysis 433 Introduction to Time-Series Analysis 434 Challenges of Working with Time Series 436 Trend Models 437 Linear Trend Models 437 Log-Linear Trend Models 440 Trend Models and Testing for Correlated Errors 446 Autoregressive (AR) Time-Series Models 447 Covariance-Stationary Series 448 Detecting Serially Correlated Errors in an Autoregressive Model 449 Mean Reversion 452 Multiperiod Forecasts and the Chain Rule of Forecasting 453 Comparing Forecast Model Performance 456 Instability of Regression Coefficients 458 Random Walks and Unit Roots 461 Random Walks 461 The Unit Root Test of Nonstationarity 465 Moving-Average Time-Series Models 469 Smoothing Past Values with an n-Period Moving Average 470 Moving-Average Time-Series Models for Forecasting 472 Seasonality in Time-Series Models 474 Autoregressive Moving-Average Models 480 Autoregressive Conditional Heteroskedasticity Models 481 Regressions with More than One Time Series 484 Other Issues in Time Series 488 Suggested Steps in Time-Series Forecasting 489 Summary 490 Practice Problems 494 Solutions 510 Reading 10 Excerpt from “Probabilistic Approaches: Scenario Analysis, Decision Trees, and Simulations” 519 Introduction 519 Simulations 520 Steps in Simulation 520 An Example of a Simulation 523 Use in Decision Making 526 Simulations with Constraints 527 Issues 528 Risk-Adjusted Value and Simulations 529 An Overall Assessment of Probabilistic Risk Assessment Approaches 530 Comparing the Approaches 530 Complement or Replacement for Risk-Adjusted Value 531 In Practice 532 Conclusion 533 Economics Study Session 4 Economics 537 Reading 11 Currency Exchange Rates: Understanding Equilibrium Value 539 Introduction 540 Foreign Exchange Market Concepts 540 Arbitrage Constraints on Spot Exchange Rate Quotes 544 Forward Markets 548 The Mark-to-Market Value of a Forward Contract 552 A Long-Term Framework for Exchange Rates 556 International Parity Conditions 557 The Carry Trade 572 The Impact of Balance of Payments Flows 575 Current Account Imbalances and the Determination of Exchange Rates 576 Capital Flows and the Determination of Exchange Rates 579 Monetary and Fiscal Policies 585 The Mundell–Fleming Model 585 Monetary Models of Exchange Rate Determination 587 The Portfolio Balance Approach 590 Exchange Rate Management: Intervention and Controls 593 Warning Signs of a Currency Crisis 596 Summary 600 Appendix 605 Practice Problems 606 Solutions 614 Reading 12 Economic Growth and the Investment Decision 619 Introduction 620 Growth in the Global Economy: Developed vs. Developing Economies 620 Savings and Investment 623 Financial Markets and Intermediaries 623 Political Stability, Rule of Law, and Property Rights 624 Education and Health Care Systems 624 Tax and Regulatory Systems 625 Free Trade and Unrestricted Capital Flows 625 Summary of Factors Limiting Growth in Developing Countries 626 Why Potential Growth Matters to Investors 628 Determinants of Economic Growth 633 Production Function 633 Capital Deepening vs. Technological Progress 635 Growth Accounting 637 Extending the Production Function 639 Natural Resources 639 Labor Supply 641 Labor Quality: Human Capital 646 Capital: ICT and Non-ICT 647 Technology 649 Public Infrastructure 653 Summary 653 Theories of Growth 658 Classical Model 659 Neoclassical Model 659 Endogenous Growth Theory 671 Convergence Debate 674 Growth in an Open Economy 678 Summary 686 Practice Problems 690 Solutions 697 Reading 13 Economics of Regulation 701 Introduction 701 Overview of Regulation 702 Classification of Regulations and Regulators 702 Economic Rationale for Regulation 705 Regulatory Tools 708 Regulation of Commerce 713 Regulation of Financial Markets 717 Cost–Benefit Analysis of Regulation 718 Analysis of Regulation 720 Effects of Regulations 722 Summary 725 Practice Problems 728 Solutions 732 Appendices 734 Glossary G-1 Index I-1

Read more less

a huge range and FREE tracked UK delivery on ALL orders.

Read more less

Book SynopsisConsideration of harmful short-termism in capital markets is prevalent amongst legal and business academics. It is also garnering increased attention in corporate board rooms and executive suites, and from the investing public. As a result, correcting perceived short-termism in capital markets has become a rationale for reform used by regulators across the globe. Despite the considerable attention given to this phenomenon, there has not yet been a comprehensive book analyzing the perceived short-termism problem, its sources and causes, and reform efforts undertaken to date. This book fills this gap by documenting the rise of the short-termism discussion, analyzing the significance of the problem, and considering the proposed legal remedies. Based on this analysis, a framework for effective short-termism reform is offered.Table of ContentsChapter 1. Introduction.- Chapter 2. Defining the Issues.- Chapter 3. Short-Termism, An Evolving Concern?.- Chapter 4. What Has Been Done to Correct Short-Termism?.- Chapter 5. Is There A Short-Termism Problem At All?.- Chapter 6. Short-Termism Transmission Mechanisms.- Chapter 7. What Are The Harms Of Short-Termism?.- Chapter 8: Dual Pathway For Short-Termism Reform.- Chapter 9. Conclusion.

Read more less

Book SynopsisThis book is about what Mark Carney has called ‘the social licence for financial markets’ and how it can point us towards a more sustainable future. Author David Rouch argues that what it reveals contrasts sharply with the usual portrayals of markets as places of unrestrained financial self-interest. Drawing attention to a more complex reality and the presence of justice-focused aspirations in finance can positively impact individual, institutional, and systemic behaviour: change, not imposed by regulators, but emerging from the very substance of market relationships. The finance sector should have a key role in addressing humanity’s increasingly pressing sustainability challenges. Yet the relationship between finance and society has not recovered from the 2008 crisis and the scandals and austerity that followed. The Covid-19 pandemic and its economic fallout is sharpening some of the issues and creating new ones. Recognising that financial markets operate subject to a social licence has the potential to galvanise market participants in tackling these challenges, strengthening social solidarity on which markets also depend, and to provide coordinates for navigating a way through the post-pandemic social, political and economic landscape. Trade Review“This book is an important contribution to that debate that deserves to be widely read.” (Bruce Davis, Financial World, November 2020-January 2021)Table of Contents1. The Great Re-evaluation: Reaching for an EndPart I In the Beginning, an End2. People, Firms, Markets, Behaviour3. The Ends of Desire in Financial MarketsPart II The Social Licence and Justice4. The Social Licence for Financial Markets5. Realising Justice: the Role of Written StandardsPart III In the End, a Beginning6. Behaviour—Change in Practice7. Policy Implications8. Conclusion—Not an End, but a Beginning

Read more less

a huge range and FREE tracked UK delivery on ALL orders.

Read more less

Book SynopsisThe presence of sound corporate governance in a financial institution is important in maintaining the confidence of both the market and the public. The power that corporate governance holds over the success of some of the largest financial institutions in the world is not to be downplayed. This book methodically assesses the quality of corporate governance and mechanisms of accountability disclosures to various stakeholders. It is further intended to provide fresh insights into some specific corporate governance recommendations to help improve good governance in financial institutions, particularly in the United Kingdom and the EU but will also be applicable to other major economies. It explores what, when and how corporate governance has changed the financial institution functions and corporate executive behaviour by critically reviewing the pre- and post-financial crisis theoretical and empirical literature. Increasingly driven by the nature of complications, complexities and opacity in the operations of financial systems, corporate governance reporting plays an important role in the financial sector. It will provide insights into corporate governance disclosures over a long-term basis. This book should be a valuable asset to support the research of practitioners, students and all academics due to its stimulating and reflective insights into this fascinating topic.Table of ContentsChapter 1 – IntroductionChapter 2 – Corporate Governance development: a reaction or deliberate policy thought?Chapter 3 – Rethinking of corporate governance in financial institutions: Do we need a new theory?.Chapter 4 – Walking a fine line: Governance, Accountability Mechanisms and Disclosure LiteratureChapter 5 – To blame? The less talked about cause of the 2007-2009 Financial CrisisChapter 6 –WHY? Examining and understanding the UK Financial System and its Regulatory Framework for Corporate GovernanceChapter 7 – A review of Corporate Governance and Accountability Mechanisms in UK Financial Institutions – what is working and what is not?Chapter 8 – POWER! Qualitative Corporate Governance disclosures in UK Financial InstitutionsChapter 9 – The inside scoop – what stakeholders’ think of Corporate Governance in Financial Institutions.Chapter 10 – A new dawn: Accountable, transparent governance…what practitioners want?.-Chapter 11 Conclusion

Read more less

Book SynopsisWith the transition into the Knowledge Economy, a formidable series of new challenges arise within the corporate governance space. This book tackles the issue of corporate governance along two axes. Firstly, it confronts the developments in corporate governance within the context of the Knowledge Economy and all its implications in relation to the pre-eminence of intangible assets, the advent of technologies such as smartphones and advanced forms of artificial intelligence, and cultural changes associated with the incorporation of Gen Y into the workforce and the proliferation of social networks and effects such as Big Data and cyber-threats. Secondly, it highlights the challenges for multinational organizations and the tension that exists between headquarters and subsidiary offices due to the need to combine the corporation’s ethical culture and corporate governance values with the institutional forces of the subsidiaries’ context. The combination of these two axes addressed viz a viz the relationship between senior management and the rank and file of the organization to create an ethical corporate culture leads to a completely different positioning of corporate governance and make the book truly unique and of interest to researchers, students of corporate finance and corporate governance alongside practitioners within financial organizations and more broadly. Table of ContentsChapter 1 Conceptual Framework: Corporate responsibility, governance, business ethics, culture, and the Knowledge Economy.- Chapter 2 First things first: The hidden costs of poor governance.- Chapter 3 Challenges to global governance in MNE: Strategy adaptation to local markets.- Chapter 4 Challenges to local governance in international business: The risks of corruption.- Chapter 5 Different approaches to governance in adopting a sustainable business model.- Chapter 6 The way forward.

Read more less

Book Synopsis​This book presents both theory of financial data analytics, as well as comprehensive insights into the application of financial data analytics techniques in real financial world situations. It offers solutions on how to logically analyze the enormous amount of structured and unstructured data generated every moment in the finance sector. This data can be used by companies, organizations, and investors to create strategies, as the finance sector rapidly moves towards data-driven optimization.This book provides an efficient resource, addressing all applications of data analytics in the finance sector. International experts from around the globe cover the most important subjects in finance, including data processing, knowledge management, machine learning models, data modeling, visualization, optimization for financial problems, financial econometrics, financial time series analysis, project management, and decision making. The authors provide empirical evidence as examples of specific topics. By combining both applications and theory, the book offers a holistic approach. Therefore, it is a must-read for researchers and scholars of financial economics and finance, as well as practitioners interested in a better understanding of financial data analytics. Table of ContentsPART 1. INTRODUCTION AND ANALYTICS MODELS.- Retraining and Reskilling Financial Participators in the Digital Age.- Basics of Financial Data Analytics.- Predictive Analytics Techniques: Theory and Applications in Finance.- Prescriptive Analytics Techniques: Theory and Applications in Finance.- Forecasting Returns of Crypto Currency - Analyzing Robustness of Auto Regressive and Integrated Moving Average (ARIMA) and Artificial Neural Networks (ANNS).- PART 2. MACHINE LEARNING.- Machine Learning in Financial Markets: Dimension Reduction and Support Vector Machine.- Pruned Random Forests for Effective and Efficient Financial Data Analytics.- Foreign Currency Exchange Rate Prediction Using Long Short Term Memory.- Natural Language Processing (NLP) for Exploring Culture in Finance: Theory and Applications.- PART 3. TECHNOLOGY DRIVEN FINANCE.- Financial Networks: A Review of Models and the Use of Network Similarities.- Optimization of Regulatory Economic-Capital Structured Portfolios: Modeling Algorithms, Financial Data Analytics and Reinforcement Machine Learning in Emerging Markets.- Transforming Insurance Business with Data Science.- A General Cyber Hygiene Approach for Financial Analytical Environment.

Read more less

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.

Read more less

Book SynopsisModern money, having now become a key tool of government economic policy and a source of massive tax revenues, has strayed far from its original purpose. This is doubly regrettable, as the better money functions at an individual level in satisfying demand for quality, the better it is for economic prosperity and freedom.This book presents how modern money works both in the domestic economy and globally, outlining the essence of what makes good money. How does modern money differ from this ideal? By focusing on the dichotomy between globalization on the one hand and modern money’s base in the nation state (or group of states) on the other hand, the book demonstrates how US dominance in determining monetary conditions globally has grown since the mid-1990s. The book then discusses the adverse consequences, many of which are camouflaged, of present money doctrines now so widely and radically applied, presenting novel research on how the US by pursuing bad monetary policies has been the catalyst to deepening geo-political danger. The book continues by setting out how the illusions of asset inflation will fade, most likely in the midst of economic and financial tumult. The forces which bring about that income emanate in part from the long-run costs of growing mal-investment and monopolization which occur under monetary inflation especially in the context of a digitalization revolution. Apologists for the present monetary regime rest much of their case on these illusions and on the contention that the bill for the costs comes only in the long run. This book dismantles that case. A Guide to Good Money provides readers with the sight of a pathway to a promised land of real prosperity founded on sound money beyond those lost illusions, and will be of interest to academics, students, practitioners, and central bankers.Table of ContentsIntroduction.- PART 1: THE PRESENT SCENE.- 1 Modern money - a matter of trust.- 2 Globalization without global money.- 3. The global menace of US monetary policies.- PART TWO: THE ESSENCE OF GOOD MONEY.- 4. What we mean by “good money”.- 5. Why good money has a solid anchor.- PART THREE: THE GRIP OF BAD MONEY.- 6. Asset inflation and the illusions of prosperity.- 7: Exposing the state concept of money.- 8. A short history of modern money.- 9. Symptoms and consequences of bad money.- PART FOUR: VESTED INTERESTS, POLITICS AND THE PANDEMIC.- 10: What keeps a bad system in power?.- 11. Bad money’s pyrrhic victory over the pandemic.- PART FIVE: REFORM, IDEALISM AND PROSPERITY.- 12. Two real anchors.- 13. We reply to potential questions and criticisms.- 14. Pathways to good money.- 15. Criticism, realism, idealism and reform.

Read more less

Book SynopsisSince publication of the first edition in 2005, The International Loan Documentation Handbook has been an essential reference for lenders, their advisers and their customers, providing a practical and comprehensive review of the terms of international loan documentation. The book guides the reader, step by step, clause by clause, through the loan agreement, from start to finish. It gives detailed explanations of the purpose and commercial implications of each clause and highlights those clauses which have the biggest commercial impact. For each key clause, the text discusses some common negotiation points from the point of view of both borrower and lender. It also alerts readers to big picture issues: such as scope, flexibility, control, and syndicate democracy, as well as to pitfalls to watch out for, such as uncapitalised definitions, conflicting provisions and the role of Defaults and Events of Default. By explaining the structure and purpose of the various clauses, it equips readers with the tools to review the documents strategically and to navigate easily between the different provisions so as to follow key themes and to spot any commercial implications with ease. This definitive resource on international loan documentation, now in its third edition, provides a practical and comprehensive review of the terms of international loan agreements for bankers and lawyers at all levels of experience involved in international lending. This edition has been substantially expanded and updated to reflect significant changes since the previous edition including Brexit, post LIBOR interest options and the rise of ESG and sustainability linked loans, and includes English law concepts and a glossary of terms.Table of ContentsIntroduction PART I: ADMINISTRATIVE PROVISIONS 1. Definitions and Interpretation 2. The Facility 3. Utilization 4. Repayment, Prepayment and Cancellation 5. Costs of Utilization 6. Additional Payment Obligations PART II: GUARANTEE, REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT 7. Guarantee 8. Representations, Undertakings, and Events of Default PART III: BOILERPLATE AND SCHEDULES 9. Changes to Parties 10. The Finance Parties 11. Administration 12. Governing Law and Enforcement 13. Schedules

Read more less

Book SynopsisPart I: Fundamentals of Sustainable Finance.- Chapter 1: History of Sustainable Finance.- Chapter 2: The Rules of Sustainable Finance.- Part II: Sustainable Finance Instruments and Formats.- Chapter 3: Use of Proceeds Format: Deep Dive into Green Bonds and Similar Format Transactions.- Chapter 4: Sustainability-Linked Format: Deep Dive into Sustainability-Linked Loans and Similar Format Transactions.- Chapter 5: Unconventional Formats: Outlying and Emerging Transaction Formats.- Part III: Strategic Considerations and Challenges.- Chapter 6: Enforceability  of Sustainable Finance Commitments.- Chapter 7: Meta-structuring to Facilitate Sustainable Finance Strategy.- Chapter 8: Second Party Opinions and Pre-transaction External Review.- Chapter 9: Greeniums and the Economics of Sustainable Finance Transactions.- Chapter 10: Greenwashing  and Negative Reputational Outcomes.- Chapter 11: Concluding Remarks.

Read more less

Book SynopsisDie Finanzkrise und die Krisenmaßnahmen der Europäischen Zentralbank haben zu umfangreichen Veränderungen und neuen Herausforderungen für das Europäische System der Zentralbanken geführt.Wesentliche Auswirkungen ergeben sich auch in Bezug auf den Gewinn und Verlust der Bundesbank. Die erhebliche Erweiterung der Bilanzen der Zentralbanken des ESZB ermöglicht einerseits deutlich höhere Gewinne als in der Vergangenheit und andererseits stellt sie eine Bedrohung für die Solvenz der Zentralbanken dar. Vor diesem Hintergrund untersucht Timo Sebastian Heller die rechtlichen Regelungen in Bezug auf Gewinn und Verlust der Bundesbank. Dabei betrachtet er sowohl die Krisenmaßnahmen des ESZB als auch die Veränderung der TARGET2-Salden. Ebenfalls untersucht und bewertet er Alternativen zum bestehenden System der Gewinnverteilung und Gewinnverwendung.

Read more less

Book SynopsisThis book explores the history of the Organization for Economic Co-operation and Development (OECD) and its place within capitalist development. Since 1948, the OECD and its forerunner, the Organization for European Economic Cooperation (OEEC) worked on almost every subject of interest to national governments ranging from economic growth to education (PISA rankings), statistics, to the environment. With varying success the OEEC/OECD thus played a key role as a warden of the West and of capitalist development. However, it has remained one of the least understood international organizations. Bringing together a number of case studies by scholars from around the world, this first source-based volume on the history of the OEEC/OECD in global governance offers not only a new understanding of the Organization’s key areas of activities, but also its multiple relations to member states, other international organizations, and private networks. The volume thus critically re-examines postwar international history, most importantly decolonization and the Cold War, through the prism of one international organization in its various contexts.Trade Review“This ground-breaking collection is part of a larger research project now based at the University of Zurich … . Although there is quite a substantial literature on the OECD, its rich archival resources are largely unstudied, and it is still relatively neglected among international organizations concerned with the global political economy. This volume continues the considerable task of remedying the first of these issues, and makes a strong contribution to the second across a wide range of issues.” (whatsworthreading.weebly.com, April, 2018)Table of ContentsIntroduction: Writing histories of the OECD; Matthieu Leimgruber & Matthias Schmelzer.- From the Marshall Plan to global governance: Historical transformations of the OEEC/OECD, 1948 to present; Matthias Schmelzer & Matthieu Leimgruber.- A short guide to historical archives, online resources, and research materials on the OEEC/OECD.- Part I: Being part of the West.- Western European vs. all-European cooperation? The OEEC, the European Recovery Program, and the United Nations Economic Commission for Europe (ECE), 1947-1952; Daniel Stinsky.- A socialist developing country in a Western capitalist club. Yugoslavia and the OEEC/OECD, 1955-1980; Andrej Markovic & Ivan Obadic.- Shall we or shall we not? The Japanese, Australian and New Zealand decisions to apply for membership of the OECD, 1960-1973; Peter Carroll.- The construction of a Western voice: OECD and the first UNCTAD of 1964; Patricia Hongler.- Part II: Managing the economy.- From post-war reconstruction to multi-level neo-corporatism. The OEEC/OECD and steel during the Cold War; Wolfram Kaiser.- A crisis manager for the international monetary and financial system? The rise and fall of the OECD Working Party 3, 1961-1980; Kazuhiko Yago.- Peer pressure in Paris: Country reviews at the OECD in the 1960s and 1970s; William Gray.- ‘Positive adjustments’: the emergence of supply-side economics in the OECD and G7, 1970-1984; Samuel Beroud.- Part III: Coping with socio-ecological challenges.- The narrowing-down of the OEEC/OECD migration functions, 1947-1986; Emmanuel Comte & Simone Paoli.- Engineering the Free World. The emergence of the OECD as an actor in education policy, 1957-1972; Regula Bürgi.- Negotiating environment: The making of the OECD Environment Committee and the Polluter Pays Principle, 1968-1972; Iris Borowy.- Gendering development: the OECD’s Development Assistance Committee, 1981-2000; Rianne Mahon.

Read more less

Book Synopsis Fintech Dictionary - What is a blockchain framework? What is crowdlending or an ICO? The Fintech Dictionary helps readers in clarifying key terms that have emerged in the vivid field of financial technology (fintech). It links keywords from banking and insurance, from information technology as well as from innovation management – similar to the „melting pot“ of terms in reality. The collection of over 830 keywords presents the reader concise and up-to-date definitions of terms in an alphabetical order. It should serve students and interested parties from academia and practice alike.Table of ContentsA–D.- E–H.- I–M.- N–R.- S–V.- W–Z.- Numerical Terms.

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book SynopsisThis publication provides updates on the bond market in Thailand since 2016.The ASEAN+3 Bond Market Guide series provides information on the investment climate, rules, laws, opportunities, and characteristics of bond markets in Asia and the Pacific. It aims to help bond market issuers, investors, and financial intermediaries understand the local context and encourage greater participation in the region's rapidly developing bond markets. This edition updates the ASEAN+3 Bond Market Guide 2016: Thailand.

Read more less

Book SynopsisThis book covers the fundamentals of financial management and investment management without getting into the highly technical topics and mathematical rigor. It also provides a practitioner-oriented approach to financial and investment management.The field of finance covers several specialty areas. The two most important ones which set the foundations for the other specialty areas are financial management and investment management, and these are the two major topics covered in the book. After touching on the basics — the financial system and the players, financial statements, and mathematics of finance — the authors then cover financial management and investment management in greater depth. For financial management the authors focus on financial strategy and financial planning, dividend policy, corporate financing decisions, entrepreneurial finance, financial risk management, and capital budgeting decisions. The investment management coverage includes the different types of risks faced in investing, company analysis, valuing common stock, portfolio selection, asset pricing theory, and investing in common stocks and bonds. The last chapter of the book covers financial derivatives and how they are used in finance to control risk.

Read more less

Book Synopsis

Read more less

Book SynopsisHow much do you really know about money? Everyone uses it, but few know how it really works. Most books about money focus on specific aspects. This book breaks through the usual silos to present money as a broad social technology that serves the current needs of society. It reviews the latest developments in financial technology including cryptocurrency, blockchain, and the prospect of a cashless future; and clears up many misconceptions in the process. Starting with a very brief history, the authors provide insights on how money is made; why money has value and what can change its value; how central banks, treasuries, foreign exchange, lending, and blockchain work; why you may be trading against robots; and privacy and security issues in an increasingly cashless society that will change our lives. While written for a broad audience, this book is also essential reading for students entering courses in the area of business finance, or money and banking.

Read more less

Book SynopsisCrowdfunding is increasingly becoming a method of mobilizing project finance ventures, particularly in a sharing economy. Moreover, the element of risk sharing which is found in equity crowdfunding makes up the essence of Islamic finance. However, as with any type of risk-sharing contract, Islamic crowdfunding faces the problem of lack of trust and information asymmetry. The author employs a game theory approach to Islamic crowdfunding as a means to tackle the issue of information asymmetry through a "reputation mechanism" which is touted as one of the latest means of solving information asymmetry in web-based social networks. The primary objective of the reputation mechanism is to enable more efficient transactions in communities where cooperation is compromised by post-contractual opportunism or information asymmetry. The game theory approach in this study involves two different games: "without Fame" and "with Fame", and it is proposed that a "with Fame" crowdfunding game produces better results. The reputational mechanism in this research was also designed specifically to eliminate any potential moral hazards and minimize information asymmetry. In this study, "Fame" refers to the credibility of every individual within the crowdfunding system. Fame is a form of systematic, measurable and computable (implicit and explicit) reputation, which allows other members of the crowdfunding social network to better learn about the individual and their credibility.

Read more less

Book SynopsisThis handbook focuses on the key issues that continue to hinder the formal development of cryptocurrencies as a mainstream financial asset. It primarily examines reputationally damaging events, particularly those related to illicit behavior. The goal of the handbook is to determine whether some of these events could be mitigated by improved or at least coordinated international regulation. The handbook will be useful for specialist technical audiences such as legal, accounting and financial practices. It will also be beneficial for upper level masters and research students in economics, law, accounting, taxation, investment and portfolio management.

Read more less

Book SynopsisThe De Gruyter Handbook of Personal Finance provides a robust review of the core topics comprising personal finance, including the primary models, approaches, and methodologies being used to study particular topics that comprise the field of personal finance today. The contributors include many of the world’s leading personal finance researchers, financial service professionals, thought leaders, and leading contemporary figures conducting research in this area whose work has shaped—and continues to affect—the way that personal finance is conceptualized and practiced. The first section of the handbook provides a broad introduction to the discipline of personal finance. The following two sections are organized around the core elements of personal finance research and practice: saving, investing, asset management, and financial security. The fourth section introduces future research, practice, and policy directions. The handbook concludes with a discussion on an educational and research agenda for the future. This handbook will be a core reference work for researchers, financial service practitioners, educators, and policymakers and an excellent supplementary source of readings for those teaching undergraduate and graduate-level courses in personal finance, financial planning, consumer studies, and household finance.

Read more less