Investment and securities Books
Taylor & Francis Ltd Measuring Political Risk
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£123.50
Taylor & Francis Ltd Visualising Intangibles Measuring and Reporting in the Knowledge Economy
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£85.93
Taylor & Francis Ltd Chinas Banking Law and the National Treatment of ForeignFunded Banks
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£137.75
Taylor & Francis Ltd Looking Beyond Profit Small Shareholders and the Values Imperative Corporate Social Responsibility
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£85.93
Taylor & Francis Ltd Governing Global Derivatives Challenges and Risks Global Finance
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£39.99
Taylor & Francis Ltd Debt Relief Initiatives
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£128.25
Taylor & Francis Making Business Districts Work
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£128.25
Taylor & Francis Making Business Districts Work
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£65.54
Taylor & Francis A Macroeconomic Analysis of Profit
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£109.25
Taylor & Francis Ltd Here Now Next Paul Goodman and the Origins of Gestalt Therapy Gestalt Institute of Cleveland Book Series
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£42.74
Taylor & Francis Ltd The Essentials of Social Finance
Book SynopsisSocial Finance provides an interesting, accessible overview of this fascinating ecosystem, blending insights from finance and social entrepreneurship. It highlights the key challenges facing social finance, whilst also showcasing its vast opportunities. Table of ContentsPart I: Social Entrepreneurship and Social Finance 1. Social Entrepreneurship 2. Social Finance Part II: Institutions of Social Finance 3. Microfinance 4. Venture Philanthropy 5. Social Impact Bonds 6. Crowdfunding 7. Islamic Finance 8. Quantitative Assessment of Impact Investments Appendix: Eight Introductory Points about Finance
£118.75
Taylor & Francis Ltd Pricing Models of Volatility Products and Exotic
Book SynopsisPricing Models of Volatility Products and Exotic Variance Derivatives summarizes most of the recent research results in pricing models of derivatives on discrete realized variance and VIX. The book begins with the presentation of volatility trading and uses of variance derivatives. It then moves on to discuss the robust replication strategy of variance swaps using portfolio of options, which is one of the major milestones in pricing theory of variance derivatives. The replication procedure provides the theoretical foundation of the construction of VIX. This book provides sound arguments for formulating the pricing models of variance derivatives and establishes formal proofs of various technical results. Illustrative numerical examples are included to show accuracy and effectiveness of analytic and approximation methods. Features Useful for practitioners and quants in the financial industry who need to make choices between various pricingTable of Contents1. Volatility Trading and Variance Derivatives. 1.1. Implied Volatility and Local Volatility. 1.2. Volatility Trading using Options. 1.3. Derivatives on Discrete Realized Variance. 1.4. Replication of Variance Swaps. 1.5. Practical Implementation of Replication: Finite Strikes and Discrete Monitoring. Appendix. 2. Lévy Processes and Stochastic Volatility Models. 2.1. Compound Poisson process. 2.2. Jump-diffusion Models. 2.3. Lévy Processes. 2.4. Time-changed Lévy Processes. 2.5. Stochastic Volatility Models with Jumps. 2.6. Affine Jump-diffusion Stochastic Volatility Models. 2.7. 3/2 Stochastic Volatility Model. Appendix. 3. VIX Derivatives Under Consistent Models and direct Models. 3.1. VIX, Variance Swap Rate and VIX Derivatives. 3.2. Pricing VIX Derivatives Under Consistent Models. 3.3. Direct Modeling of VIX. Appendix. 4. Swap products on discrete Variance and Volatility. 4.1. Direct Expectation of Square of Log Return. 4.2. Nested Expectation via Partial Integro-differential Equation. 4.3. Moment Generating Function Methods. 4.4. Variance Swaps Under Time-changed Lévy Processes. Appendix. 5. Options on discrete realized Variance. 5.1. Adjustment for Discretization Effect via Lognormal Approximation. 5.2. Normal Approximation to Conditional Distribution of Discrete Realized Variance. 5.3. Partially Exact and Bounded Approximation for Options on Discrete Realized Variance. 5.4. Small Time Asymptotic Approximation. 6 Timer options. 6.1. Model Formulation. 6.2. Pricing Perpetual Timer Options. 6.3. Finite Maturity Discrete Timer Options. Appendix. Bibliography. Index.
£99.75
Taylor & Francis Ltd Sustainability Technology and Finance
Book SynopsisThis book explores the swiftly emerging nexus between sustainability, finance, and technology.Leading practitioners and academic thought leaders reflect on the ways in which technology and digitalization shape how sustainable finance professionals address environmental, social, and governance (ESG) issues. Together, the contributors identify three spheres in which technology shapes how investors make sense of such issues: ESG and technology: finance professionals need to know about how technological innovations, such as chemical recycling for plastics, in the real economy shape firms' ESG performance; ESG through technology: technological developments, such as AI and blockchain, can enable finance professionals to offer more fine-grained ESG analyses; and ESG as technology: the ESG agenda itself is influenced by technological developments that are not well understood by practitioners (e.g., data mining for Bitcoin creating significant emissions). <Trade Review"Bril, Kell, and Rasche have edited a timely, insightful, and deeply thought-provoking volume on a topic that sits right at the frontier of our current knowledge: the interrelation of sustainable finance and technology. It fills an important void by focusing on the real-world implementation of urgently needed solutions to our most pressing sustainability challenges. This book, therefore, is an absolutely essential read for companies, executives, and investors who are genuinely interested in bringing about transformational ESG change in their organizations and indeed, within society at large." Ioannis Ioannou, London Business School "A great book and blueprint for our transition to a more sustainable future." Rose Marcario, former CEO Patagonia "As the founder Executive Director of the UN Global Compact, Georg Kell’s unique insights have shaped the discourse in responsible business since the inception of the Global Compact in 2000. In this publication, Georg Kell and colleagues aptly capture the opportunities in innovative financing, technologies and accountability frameworks that raise the ambition for the private sector." Sanda Ojiambo, CEO and Executive Director, UN Global Compact "The climate and sustainability challenge is the toughest, and most important, one modern society needs to address. But what made society modern is the force of technology. Reconciling the urgency of one with the potential (and peril) of the other is a critical imperative. This anthology draws together key voices to help bridge that gap." Azeem Azhar, author, Exponential "Have you been wondering about ESG and how technology might be part of the solution? Then this might be a worthwhile read for you. My colleagues across asset management and academia have written the book with complementing chapters about futuristic views on technology impact, paired with how asset managers might integrate technology and digitalisation in the still virgin ESG analytic work. The book also raises important questions about the ESG implications on reverse globalisation and the impact on geopolitics – relevance underlined by the recent events in Ukraine." Peter Branner, Chief Investment Officer APG Asset Management Table of Contents1. Sustainable Finance and Technology: Making the Connection; Part I: ESG and Technology 2. History of Technology and Its Future in the Context of Human Development; 3. ESG—A Transformational Journey for Asset Management, Industries, Technology, and Society; 4. How Can Corporate Leverage Tech and Sustainability through Collaboration? Digital with Purpose—Current Practices and Trends; 5. Decarbonization as a Chance; 6. Ocean Technology as a Growing Space in Which to Reimagine Business: The Role of Start-Ups; Part II: ESG as and through Technology 7. Mitigating the Risks and Nurturing the Opportunities: Data and Tech Vital in Tackling Companies' ESG Challenges; 8. Resilience as an Analytical Filter for ESG Data; 9. Technology-Supported Investment Management; 10. Finance, Sustainability, and Technology: Co-Evolution in Asset Owners’ Context; 11. A Digital Twin for Finance: Artificial Intelligence Supporting the Implementation of Environmental, Social, and Governance Targets; 12. Efficiently Allocating Capital to Transition to a Sustainable Economy; 13. Assessing ESG from a Position of Wealth; 14. The Rise of ESG Data: A Tectonic Transparency Shift; 15. ESGT—Exponential Technology Requires Exponential Responsibility; 16. Mastering Sustainability Requires Technology, Finance, and the Powers of Homo Deus
£37.99
Taylor & Francis Ltd Information Economics with Real Estate
Book SynopsisInformation Economics with Real Estate Applications provides the reader with an academic toolkit to understand strategic interactions of individuals and companies in a world of scarce resources and asymmetric information. Beyond theoretical frameworks and models, examples in the real estate and construction industry are used to illustrate the practical relevance of the concepts discussed.Property developers, brokers, construction firms and investment managers as individuals or companies make decisions in response to their clients', customers' and partners' behaviours. To align conflicting interests and achieve optimal outcomes for individuals, companies and society at large, those interactions need to be governed efficiently. Using models from microeconomics and contract theory, this book helps the reader to analyse the complex relations between different industry stakeholders from the perspective of markets and organisations.Although it mainly targets studeTable of ContentsPreface xiiiAcknowledgements xviiContributors xixI Foundations 1 Basic microeconomics 2 Game theory II Market perspective 3 Oligopolies 4 Strategic interactions III Organizational perspective 5 Models with randomness 6 Contracts 7 Hidden characteristics and adverse selection 8 Hidden actions and moral hazard 9 Property rights A Additional material Bibliography Index
£43.99
Taylor & Francis Ltd Modeling Fixed Income Securities and Interest
Book Synopsis Modeling Fixed Income Securities and Interest Rate Options, Third Edition presents the basics of fixed-income securities in a way that, unlike competitive texts, requires a minimum of prerequisites. While other books focus heavily on institutional details of the bond market, all of which could easily be learned on the job, the third edition of this classic textbook is more focused with presenting a coherent theoretical framework for understanding all basic models. The author's unified approachthe Heath Jarrow Morton modelunder which all other models are presented as special cases, enhances understanding of the material. The author's pricing model is widely used in today's securities industry. This new edition offers many updates to align with advances in the research and requires a minimum of prerequisites while presenting the basics of fixed-income securities. Highlights of the Third Edition Table of ContentsI INTRODUCTIONIntroductionTraded SecuritiesThe Classical ApproachII TheoryThe Term Structure of Interest RatesThe Evolution of the Term Structure of Interest RatesThe Expectations Hypothesis Trading Strategies, Arbitrage Opportunities, and Complete MarketsBond Trading Strategies—An ExampleBond Trading Strategies—The TheoryContingent Claims Valuation—Theory III Applications Coupon BondsOptions on BondsForwards and FuturesSwaps, Caps, Floors and SwaptionsInterest Rate ExoticsIV Implementation/EstimationContinuous-Time LimitsParameter EstimationExtensionsIndex
£43.99
Taylor & Francis Ltd Derivative Pricing A ProblemBased Primer Chapman
Book SynopsisThe proliferation of financial derivatives over the past decades, options in particular, has underscored the increasing importance of derivative pricing literacy among students, researchers, and practitioners. Derivative Pricing: A Problem-Based Primer demystifies the essential derivative pricing theory by adopting a mathematically rigorous yet widely accessible pedagogical approach that will appeal to a wide variety of audience. Abandoning the traditional black-box approach or theorists' pedantic approach, this textbook provides readers with a solid understanding of the fundamental mechanism of derivative pricing methodologies and their underlying theory through a diversity of illustrative examples. The abundance of exercises and problems makes the book well-suited as a text for advanced undergraduates, beginning graduates as well as a reference for professionals and researchers who need a thorough understanding of not only how, but also why derivative pricing works. Table of Contents1. An Introduction to Forwards and Options 2. Forwards and Futures 3. Option Strategies 4. Binomial Option Pricing Models 5. Mathematical Foundations of the BS Framework 6. The Black-Scholes Formula 7. Option Greeks and Risk Management 8. Exotic Options 9. General Properties of Option Prices
£82.64
Taylor & Francis Ltd Essential Personal Finance
Book SynopsisThere is increasing pressure for all of us to take responsibility for our own financial security and wellbeing, but we often overlook how the benefits that come with a job can help us do that. Essential Personal Finance: A Practical Guide for Employees focuses on these valuable work benefits and shows how you can build on this important foundation to achieve financial security and your life goals.This unique book explores how making effective and practical use of these work benefits (such as pension scheme, life cover, sick pay, cheap loans, savings schemes and even financial coaching), means facing up to the behavioural biases we are all plagued with. Given that these can get in the way of even the best intentions, Essential Personal Finance tackles these biases head-on with practical ideas and tips for overcoming or harnessing them for good, and will help you to develop a positive and fruitful relationship with your money. With financial stress bTrade Review"Progressive employers understand the importance of offering their employees financial wellness benefits and this new book is a great additional resource to help them be better with money." — Asesh Sarkar, CEO & co-founder of www.salaryfinance.com"A rich source of practical tips, underpinned by academic research, connecting employment, money and happiness. This book will also be a great resource for HR professionals, to help them better understand how to improve their workforce's financial and mental wellbeing." — Ruston Smith, Chair of the Workplace Steering Group, delivering MAS’s Financial Capability Strategy for the UK"This book is essential reading for anyone who wants to feel in control and confident about using money. Through short, easy to read chapters with clear action points, it provides very practical guidance on how to make the most of income from work, and how to protect yourself and your family from financial difficulties." — Helen White, Ex Head of Financial Capability, Money Advice Service"A great read that should help anyone increase their personal financial wellbeing." — Sanjay Sha, Ex CEO – Succession Wealth Management "Day to day financial worries dog too many people. This unique book will encourage and enable money education at the most obvious location for learning – the workplace. Straightforward case studies and simple check-lists help employees to take full advantage of what is available through their employment. It will also serve as a useful guide for employers to better support their employees’ financial wellbeing." — Brian Dennehy, Founder, www.fundexpert.co.uk "A thoughtful, comprehensive guide, packed with essential money tips and strategies." — Danny Cox, Head of Communications, Hargreaves LansdownTable of ContentsList of figures. List of tables. Introduction. Chapter 1 Jobs, money and happiness. Chapter 2 Work and financial planning. Chapter 3 Building resilience and wealth through saving. Chapter 4 Protecting against dying too young. Chapter 5 Protecting your income. Chapter 6 Love your workplace pension. Chapter 7 Managing loans and credit. Chapter 8 Getting help and advice. Chapter 9 Conclusion. Glossary. Useful contacts. Index
£32.99
Taylor & Francis Ltd Financing Trade and International Supply Chains
Book SynopsisThe vast majority of international trade is supported by some form of trade financing: a specialized, sometimes complex form of financing that is poorly understood even by bankers and seasoned finance and treasury experts. Financing Trade and International Supply Chains takes the mystery out of trade and supply chain finance, providing a practical, straightforward overview of a discipline that is fundamental to the successful conduct of trade: trade that contributes to the creation of economic value, poverty reduction and international development, while increasing prosperity across the globe. The book suggests that every trade or supply chain finance solution, no matter how elaborate, addresses some combination of four elements: facilitation of secure and timely payment, effective mitigation of risk, provision of financing and liquidity, and facilitation of transactional and financial information flow. The book includes observations on the effective use of traditional mechanisms sucTrade Review’...very informative, full of useful information and a great read for anyone involved in international trade or trade finance, at any level or angle. A remarkable and very contemporary approach to issues that are currently very hot in international commerce.’ Eduardo Klurfan, Chief Representative and Country Head, Cuba, Bank of Nova Scotia, Havana, Cuba ’A very comprehensive description of all relevant aspects all stakeholders in financing trade and international supply chains have certainly waited for.’ Markus Wohlgeschaffen, Managing Director, Global Head of Trade Finance and Services, Global Transaction Banking, Unicredit Bank AG, Munich, Germany ’I wish I had a copy of this publication 29 years ago when I commenced my career as it would have provided both an excellent overview and a more in-depth treatment of the trade finance world...’ Maninder Bhandari, Founder, Partner and Managing Director, The Encore Group and The Derby Group, Dubai, UAE ’Malaket offers an insightful compendium of facts, figures, practices and case studies that show the reader how the world’s trade finance architecture actually works. His portrayal is thematic, and grounded in theory, but he somehow manages to bring that theory to life. He also captures the evolutionary nature of the system - the fact that we are watching a movie, not examining a snapshot, comes through loud and clear. This book will be required reading for beginners and veterans alike.’ Stephen S. Poloz, Governor of the Bank of Canada and past President and CEO of Export Development Canada ’The environment around international trade and trade finance has changed considerably in the years I have known Alexander Malaket. While banks have dedicated departments to meet the many requirements related to trade and supply chain finance, they also need to rely on external specialists, of which Alexander is one of the most knowledgeable representatives. This book is another evidence of his ability to stay onTable of Contents1: International Trade: Where Does Financing Fit In?; 2: The Fundamentals of Trade Finance; 3: Understanding Global Supply Chains; 4: Trade and Supply Chain Finance: The Needs of Buyers and Sellers; 5: Financing Trade: selected Concepts and Traditional Solutions; 6: Financing Trade: Supply Chain Finance; 7: Engaging Effectively with Finance Providers; 8: Financing in Context: Trade Transaction Flow; 9: Export Credit Agencies, International Institutions and Non-Bank Providers; 10: Flexibility of Financing: Small Business, Developing Markets; 11: Financing, Risk and Cost: Realities of International Trade; 12: Trade and Supply Chain Finance: A Case Study; 13: Looking Ahead: Trade and Supply Chain Finance Tomorrow
£128.25
Cambridge University Press Studies in Roman Property
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£29.44
Cambridge University Press Capital Utilization
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£29.44
Cambridge University Press Investment and Property Rights in Yugoslavia
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£29.44
Cambridge University Press Hedge Funds in Emerging Markets
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£31.90
Cambridge University Press An Elementary Introduction to Mathematical Finance
Book SynopsisThis textbook on the basics of option pricing is accessible to readers with limited mathematical training. It is for both professional traders and undergraduates studying the basics of finance. This third edition includes three new chapters, along with expanded sets of exercises and references for all the chapters.Trade Review'… an excellent introduction to the subject … the book is ideally suited for self-study and provides a very accessible entry point to this fascinating field.' ISI Short Book Reviews'… this excellent text achieves its aim to provide a highly accessible and at the same time accurate presentation of the subject. I would recommend it.' The Statistician'… an excellent introduction to the mathematics of finance … very useful as a text for an introductory course.' Zentralblatt Math'… provides an accessible and relatively deep insight into basic and advanced topics of mathematical finance … The lucid style of the exposition will be appreciated by readers interested in the topic, and by researchers, students, and practitioners.' European Maths Society JournalTable of Contents1. Probability; 2. Normal random variables; 3. Geometric Brownian motion; 4. Interest rates and present value analysis; 5. Pricing contracts via arbitrage; 6. The Arbitrage Theorem; 7. The Black–Scholes formula; 8. Additional results on options; 9. Valuing by expected utility; 10. Stochastic order relations; 11. Optimization models; 12. Stochastic dynamic programming; 13. Exotic options; 14. Beyond geometric motion models; 15. Autoregressive models and mean reversion.
£55.09
Cambridge University Press The Economic Function of Futures Markets
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£37.99
Cambridge University Press The Field of Social Investment American Sociological Association Rose Monographs
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£34.19
Cambridge University Press International Capital Markets and American Economic Growth 18201914
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£47.50
Cambridge University Press AngloAmerican Securities Regulation Cultural and Political Roots 16901860
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£28.49
Cambridge University Press The Trading Crowd An Ethnography of the Shanghai Stock Market 108 Cambridge Studies in Social and Cultural Anthropology Series Number 108
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£89.87
Cambridge University Press THE TRADING CROWD AN ETHNOGRAPHY OF THE SHANGHAI STOCK MARKET BY Hertz EllenAuthorPaperback on 06 1998
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£39.89
Cambridge University Press Security Market Imperfections in Worldwide Equity Markets
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£151.05
Cambridge University Press Worldwide Asset and Liability Modeling 10 Publications of the Newton Institute Series Number 10
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£139.65
Cambridge University Press Mathematics of Derivative Securities
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£147.25
Cambridge University Press AngloAmerican Securities Regulation
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£108.30
Cambridge University Press The Value of Arts for Business
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£60.80
Cambridge University Press Derivatives in Financial Markets with Stochastic Volatility
Book SynopsisThis book, first published in 2000, addresses financial mathematics of pricing and hedging derivative securities in uncertain and changing market volatility. The mathematics is introduced through examples and illustrated with simulations, and the modeling approach described is validated and tested on market data. The material is suitable for a one-semester course for graduate students.Trade Review'… provides a good overview to the theoretical and practical problems when dealing with stochastic volatility'. Ralf Korn, Mathematical Methods of Operations Research'… something genuinely new … explained with admirable clarity in this extremely well-written book … [which] is short and to the point, and the production quality is high. Buy it.' Mark Davis, Risk Magazine'… well written and makes ideal reading for a graduate course on mathematical finance. The authors took great care in making their ideas clear. I support this text strongly and recommend it for the intended audience.' P. A. L. Embrechts, Publication of the International Statistical Institute'Thanks to a well-written first chapter on the Black-Scholes theory of derivative pricing, the book is essentially self-contained if one has some basic knowledge in stochastic methods and arbitrage pricing. Its style is largely informal which makes it also accessible to practitioners in the finance industry.' M. Schweizer, Zentralblatt für Mathematik'… an excellent book that succeeds admirably in all its aims. It can satisfy both practitioners and researchers at the same time. It is very well written and it is concise and informative.' Angelos Dassios, The Statistician'I consider this book to be an outstanding achievement. the theory is practically very relevant and scientifically on a high level. The book also serves as a good introduction into the basic ideas of Mathematical Finance, putting emphasis on the techniques of partial differential equations. It can therefore also be recommended to readers with little knowledge about Mathematical Finance.' Monatshefte für MathematikTable of Contents1. The Black-Scholes theory of derivative pricing; 2. Introduction to stochastic volatility models; 3. Scales in mean-reverting stochastic volatility; 4. Tools for estimating the rate of mean-reversion; 5. Symptotics for pricing European derivatives; 6. Implementation and stability; 7. Hedging strategies; 8. Application to exotic derivatives; 9. Application to American derivatives; 10. Generalizations; 11. Applications to interest rates models.
£95.95
Cambridge University Press The Cost of Capital
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£118.75
Cambridge University Press Patterns of Speculation
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£77.39
Cambridge University Press Foreign Direct Investment in Japan
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£90.25
Cambridge University Press Fiduciary Obligations in Business
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£25.99
Cambridge University Press Hydrodynamics of Markets
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£47.49
Cambridge University Press Constructing Economic Nationalisms in Brazil and India
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£52.25
Cambridge University Press Trades Quotes and Prices
Book SynopsisFor decades, discussions of financial markets have primarily centred on prices. In this book for practitioners, researchers and advanced students, the authors present an alternative approach - the microstructure approach - by considering the micro-scale actions of individual traders, and addressing many long-standing questions regarding market fairness, stability, and optimal trading.Trade Review'Leading physicist and hedge fund manager Jean-Philippe Bouchaud and his co-authors have written an impressive book that no serious student of market microstructure can afford to be without. Simultaneously quantitative and highly readable, Trades, Quotes and Prices presents a complete picture of the topic, from classical microstructure models to the latest research, informed by years of practical trading experience.' Jim Gatheral, Baruch College, City University of New York'This book describes the dynamics of supply and demand in modern financial markets. It is a beautiful story, full of striking empirical regularities and elegant mathematics, illustrating how the tools of statistical physics can be used to explain financial exchange. This is a tour de force with the square root law of market impact as its climax. It shows how institutions shape human behaviour, leading to a universal law for the relationship between fluctuations in supply and demand and their impact on prices. I highly recommend this to anyone who wants to see how physics has benefited economics, or for that matter, to anyone who wants to see a stellar example of a theory grounded in data.' Doyne Farmer, University of Oxford'This is a masterful overview of the modern and rapidly developing field of market microstructure, from several of its creators. The emphasis is on simple models to explain real and important features of markets, rather than on sophisticated mathematics for its own sake. The style is narrative and illustrative, with extensive references to more detailed work. A unique feature of the book is its focus on high-frequency data to support the models presented. This book will be an essential resource for practitioners, academics, and regulators alike.' Robert Almgren, New York University and Quantitative BrokersTable of ContentsPreface; Part I. How and Why Do Prices Move?: 1. The ecology of financial markets; 2. The statistics of price changes: an informal primer; Part II. Limit Order Books: Introduction: 3. Limit order books; 4. Empirical properties of limit order books; Part III. Limit Order Books: Models: 5. Single-queue dynamics: simple models; 6. Single-queue dynamics for large-tick stocks; 7. Joint-queue dynamics for large-tick stocks; 8. The Santa Fe model for limit order books; Part IV. Clustering and Correlations: 9. Time clustering and Hawkes processes; 10. Long-range persistence of order flow; Part V. Price Impact: 11. The impact of market orders; 12. The impact of metaorders; Part VI. Six Market Dynamics at the Micro-scale: 13. The propagator model; 14. Generalised propagator models; Part VII. Adverse Selection and Liquidity Provision: 15. The Kyle model; 16. The determinants of the bid–ask spread; 17. The profitability of market making; Part VIII. Market Dynamics at the Meso-scale: 18. Latent liquidity and Walrasian auctions; 19. Impact dynamics in a continuous-time double auction; 20. The information content of prices; Part IX. Practical Consequences: 21. Optimal execution; 22. Market fairness and stability; 23. Appendices; Index.
£66.49
Cambridge University Press Financial Enterprise Risk Management
Book SynopsisAn accessible guide to enterprise risk management for financial institutions, containing all the tools needed to build and maintain an ERM framework. This new expanded edition has been thoroughly updated to reflect new legislation and the creation of the Financial Conduct Authority and the Prudential Regulation Authority.Trade ReviewReview of previous edition: 'Provides all the tools required to build and maintain a comprehensive ERM framework, covering a range of qualitative and quantitative techniques and their uses in identifying, assessing, modelling and measuring risk.' Actuary Magazine'In total, this book provides not only a very comprehensive and accessible introduction to financial enterprise risk management, but also covers advanced topics such as Bayesian networks and current regulatory developments such as Basel III. It clearly demonstrates the importance of risk management for financial institutions and outlines detailed steps and procedures that can be taken to obtain a firm understanding of risk. The book discusses the specific advantages and limitations of current risk management tools and frameworks and provides rich guidance on how to implement ERM on a comprehensive level.' Matthias M. M. Buehlmaier, zbMATHTable of Contents1. An introduction to enterprise risk management; 2. Types of financial institution; 3. Stakeholders; 4. The internal environment; 5. The external environment; 6. Process overview; 7. Definitions of risk; 8. Risk identification; 9. Some useful statistics; 10. Statistical distributions; 11. Modelling techniques; 12. Extreme value theory; 13. Modelling time series; 14. Quantifying particular risks; 15. Risk assessment; 16. Responses to risk; 17. Continuous considerations; 18. Economic capital; 19. Risk frameworks; 20. Case studies; 21. Solutions to questions; References; Index.
£98.80
Cambridge University Press Commodity Markets and the Global Economy
Book SynopsisIn an era defined by financial upheaval, few parts of the economy have witnessed the kind of volatility seen in commodities markets. In this book, Blake Clayton, a Wall Street analyst and adjunct fellow at the Council on Foreign Relations, draws on the latest thinking from academia and the private sector to deliver a clear-eyed analysis of pressing questions at the intersection of commodity markets, natural resource economics, and public policy. The result is a work that challenges the conventional wisdom about how these markets function and provides a fresh perspective on what public policy can do to improve them.Trade Review'Through his experience in the academy, think-tanks, and leading private companies, Dr Blake Clayton is uniquely well-placed to make sense of the complex events of the recent past in the highly volatile commodity markets. Accordingly, if one wants an accessible, even-handed view of the myriad of competing forces that are shaping commodity markets, a reader will not be able to find a better book than Commodity Markets and the Global Economy.' Hilary Till, Principal, Premia Capital Management, LLC, and Co-Editor, Intelligent Commodity Investing'Blake Clayton's book is a sweeping analysis of rapidly changing commodity markets, a highly volatile sector with important consequences for the rest of the economy. He describes the massive financial influx into commodity markets over the last decade and explores its consequences. Most valuably, he organizes his analysis around four central tensions: between net importers and net exporters; governments and private companies; nationalism and international cooperation; and physical and financial aspects of the modern commodity trade. Clayton demonstrates superb judgment and intuition in identifying crucial issues and questions.' Jeff D. Colgan, Brown University, Rhode Island'This book of essays by Blake Clayton is unified by its focus on what is new and what is persistent about commodities in the global economy and what has brought them to the fore of debates both national and global over the past fifteen years. It is a brave and distinguished effort to enhance our understanding of the geoeconomics of commodities.' Edward L. Morse, Managing Director and Global Head of Commodity Research, Citigroup'An illuminating look at commodity markets and the pivotal issues surrounding them. Blake Clayton places the recent developments regarding several critical commodities in a broad historical context, giving the reader valuable insights and a framework to better understand the scope of challenges in these markets.' Mine Yücel, Federal Reserve Bank of Dallas'In this quick read, commodity expert Blake C. Clayton provides a good overview of key supply and demand issues in the varied global markets.' Mark S. Rzepczynski, CFA Institute Book ReviewsTable of Contents1. Introduction: the revenge of the old economy; 2. A twenty-first-century supercycle? Long-term trends in metal and energy prices; 3. Volatility in global food markets; 4. Financial speculation in commodities markets; 5. The implications of oil prices for the US economy and lessons learned from the 2011 Strategic Petroleum Reserve release; 6. The gold standard as an alternative money regime; 7. Conclusion.
£25.64
Cambridge University Press Corporate Governance and Responsible Investment in Private Equity
Book SynopsisPrivate equity-backed companies are ubiquitous and economically significant. Consequently, the corporate governance of these companies matters to all of us, and not surprisingly is coming under increasing scrutiny. Simon Witney, a practicing private equity lawyer, positions private equity portfolio companies within existing academic theory and examines the laws that apply to them in the UK. He analyses the actual governance frameworks that are put in place and identifies problems created by the legal rules as well as the market''s solutions to them. This book not only explains why these governance mechanisms are established, but also what they are expected to achieve. Witney suggests that private equity owners have both the incentives and the capability to focus on responsible investment practices. Good governance, he argues, is a critical success factor for the private equity industry.Trade Review'At long last, we have an academic work that analyses private equity within a specifically legal frame of reference. This book provides a highly illuminating exposition of the contractual and governance dynamics of private equity ownership structures and incentives, set against the backdrop of established company law doctrines and corporate governance theories. Combining theoretical sophistication with a hard-nosed commercial pragmatism borne from extensive professional experience in the field, Witney's work is a monumental scholarly achievement. It will also be an indispensable guide for academics, legal practitioners and private equity investors alike as they seek to navigate the complex and shifting parameters of an ESG-focused, post-Covid investment and business landscape.' Marc Moore, Professor of Corporate/Financial Law, University College London and author of Corporate Governance in the Shadow of the State'This rich and substantial book achieves the rare distinction of genuinely offering something new for practitioners, scholars and policy makers engaging with corporate governance and the private equity industry.' Sarah Paterson, Associate Professor of Law, London School of Economics and Political Science'Good governance is at the heart of Private Equity value creation. Rare to find such a good balance of the practical and academically rigorous on the topic.' Patrick Dunne, Chair, EY Foundation and author of Boards'The author's intellectual rigour, academic curiosity and practical experience combine to make this book a recommended handbook for private equity lawyers and practitioners alike.' Ylan Steiner, Partner, Orrick and leading venture capital and growth capital lawyer'This book's comprehensive and authoritative analysis of private equity governance - which is at the heart of the private equity model - makes a very important contribution to our understanding of the asset class.' Jonathan Blake, Herbert Smith Freehills LLP and leading private equity lawyer'… readers - especially regulators, company management, and investors - will find in this comprehensive text the answers to many of their questions regarding effective governance and responsible investment of private equity. Most will take the information provided as justification for their confidence in private equity–backed investing.' Janet J. Mangano, CFA InstituteTable of ContentsIntroduction; Part I. How Should Private Equity Governance Systems Look?: 1. Mapping an analytical framework; 2. Private ordering in private equity and its implications; Part II. What Actually Happens?: 3. Agency cost mitigation; 4. Improving decision-making and protecting wider interests; Part III. Corporate Governance Regulation in the UK and Private Equity's Response: 5. The relevance of business judgement regulation; 6. Dealing with the duties to avoid and disclose conflicts of interest; 7. Rules affecting the exercise of power by shareholders and their nominated directors; 8. Recent corporate governance reforms, best practice codes and their impact; Part IV. How Governance Can Affect Corporate Performance: 9. How do academics explain private equity outperformance? 10. Improving governance to improve performance; Conclusion. Corporate governance and responsible investment; Bibliography; Index.
£21.99
Cambridge University Press Advances in Retirement Investing
Book SynopsisTo supplement replacement income provided by Social Security and employersponsored pension plans, individuals need to rely on their own saving and investment choices during accumulation. Once retired, they must also decide at which rate to spend their savings, with the usual dilemma between present and future consumption in mind. This Element explains how financial engineering and risk management techniques can help them in these complex decisions. First, it introduces ''retirement bonds'', or retirement bond replicating portfolios, that provide stable and predictable replacement income during the decumulation period. Second, it describes investment strategies that combine the retirement bond with an efficient performanceseeking portfolio so as to reduce uncertainty over the future amount of income while offering upside potential. Finally, strategies using risk insurance techniques are proposed to secure minimum levels of replacement income while giving the possibility of reaching highTable of Contents1. Introduction; 2. Why retirement investing matters; 3. The decumulation problem: how to annuitize?; 4. Retirement bonds and their usage; 5. Improving accumulation products; 6. Applying riskbudgeting techniques in retirement investing; 7. Conclusion: the future of retirement investing.
£17.00
HarperCollins Publishers Inc The Myth of the Rational Market
Book Synopsis“Do we really need yet another book about the financial crisis? Yes, we do—because this one is different….A must-read for anyone who wants to understand the mess we’re in.”—Paul Krugman, New York Times Book Review “Fox makes business history thrilling.”—St. Louis Post-Dispatch A lively history of ideas, The Myth of the Rational Market by former Time Magazine economics columnist Justin Fox, describes with insight and wit the rise and fall of the world’s most influential investing idea: the efficient markets theory. Both a New York Times bestseller and Notable Book of the Year—longlisted for the Financial Times Business Book of the Year Award and named one of Library Journal Best Business Books of the Year—The Myth of the Rational Market carries readers from the earl
£999.99
HarperCollins Publishers Inc The Intelligent Investor CD
Book SynopsisOver the years, market developments have proven the wisdom of Graham's strategies. This edition includes commentary by financial journalist, Jason Zweig, whose perspective incorporates the realities of the market, draws parallels between Graham's examples and financial headlines, and gives an understanding of how to apply Graham's principles.
£18.23
