A historical and theoretical investigation of the "common storylines" of recent financial crises.
Financial crises have some common storylines, among them bursting asset bubbles, bank failures, sharp tightening of credit, and downturn in trade. They are also different from one another. Some start with sudden reversal of international capital flows, others with domestic credit implosions. A challenge to economic research is to integrate common as well as disparate threads into a coherent analytical framework that is at the same time empirically testable. In Understanding Global Crises, Assaf Razin offers a review of an emerging paradigm that is consistent with the key features of recent global financial crises. This paradigm presents in a transparent way basic analytical elements of the theories of financial and monetary crises and how these elements fit together in macroeconomic analysis of global crises.
Razin surveys the credit implosion that led to a severe banking crisis in Japan in the 1990s, the Asian financial crisis that began in 1997, the global meltdown of 2008, and the Euro-zone crisis. He reviews the analytics of financial fragilities, credit frictions, currency crises, and balance of payments crises, and addresses international capital flows with information frictions. He then presents key developments in the New Keynesian analytical framework by examining the surge of re-modeling efforts aimed at the development of an analytical framework to underpin monetary and fiscal policy in the post-2008 economic era.
Описание: In its critical assessment of the mechanics of markets today and its call for more transparent and sound financial practices, Something for Nothing powerfully engages with the moral decision making inherent in our financial system.
Описание: "Once I picked it up I did not put it down until I finished... What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment business. " -- From the Foreword by Michael Lewis, Bestselling author of Liar`s Poker "... one of the funniest books ever written about Wall Street.
Описание: Introductory options book with essential material on the mistakes that new traders often make, an introduction to the Greeks (delta, vega, theta, etc.), components of option pricing, probability, covered calls, puts, and spreads, and other option positions and trades.
Автор: Sincere Michael Название: Understanding Options 2e ISBN: 0071817840 ISBN-13(EAN): 9780071817844 Издательство: McGraw-Hill Рейтинг: Цена: 2144 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Provides what you need to get started on the right foot in the increasingly popular options market. This book helps you learn what options are and how they work, their pros and cons, their relationship with stocks, and how to use them to gain leverage, generate extra income, and protect against adverse price movements.
Описание: Understanding and Managing Model Risk is a guide to the validation and risk management of quantitative models used for pricing and hedging. Whereas the majority of quantitative finance literature focuses on mathematics and numerical implementation, and conversely, books about risk management focus on the regulatory and bureaucratic aspects and lack in quantitative details, this book will address the elements missed by this literature ? the risks of the models themselves. This book starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real world examples, with a high level of detail and precise operative indications. The book will offer a deep understanding of the financial implications of mathematical models for regulators, senior management in financial institutions, traders and other practitioners. Even more importantly, the book provides quants, risk managers and validators with tools for displaying effectively the reasons for choosing a model and rejecting another one, and for identifying and explaining the model risk inherent to areas where judgment is unavoidable and models must not be used to create a false sense of confidence or as a shield for building dangerous exposures. This analysis and this explanation failed before the recent crisis, and the consequences have been hard.
Автор: Ayari Название: Understanding Credit Derivatives ISBN: 0470987243 ISBN-13(EAN): 9780470987247 Издательство: Wiley Рейтинг: Цена: 5198 р. Наличие на складе: Поставка под заказ.
Описание: * The credit derivatives market has been growing exponentially for the last few years and will continue to do so. * A feature of these products is that they are complex and not well understood and this is a serious concern for both market practitioners as well as for regulators.
Автор: Allen Linda, Mcmaster B Robert, Boudoukh Jacob, Jo Название: Understanding Market, Credit, and Operational Risk ISBN: 0631227091 ISBN-13(EAN): 9780631227090 Издательство: Wiley Рейтинг: Цена: 5774 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Serves as a guide to the use of Value at Risk (VaR) models. This title applies the VaR approach to the measurement of market risk, credit risk and operational risk. It describes and critiques proprietary models, illustrating them with practical examples drawn from actual case studies.
Автор: Andrew Fight Название: Understanding International Bank Risk ISBN: 0470847689 ISBN-13(EAN): 9780470847688 Издательство: Wiley Рейтинг: Цена: 10395 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In an era of globalisation, syndicated lending and consolidation within the banking industry, virtually all industries will have international dealings, whether directly or indirectly, and will therefore be exposed to consequential risks. An understanding of international risk, from that of bank of country failure to the idiosyncrasies of different regulatory frameworks, is essential for the modern banker. This book gives the reader a thorough understanding of how to calculate, analyse and manage such risks.
Автор: Wittig, Timothy Название: Understanding terrorist finance ISBN: 0230291848 ISBN-13(EAN): 9780230291843 Издательство: Springer Рейтинг: Цена: 9404 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Wittig presents the first unified coherent framework for the systematic analysis of terrorist finance. With empirical examples from around the globe, he dispels several popular myths about these activities to make an important step forward in our understanding of not only terrorist finance, but also the place of terrorism in the contemporary world.
Proven ways to increase profits while reducing risk in one of today's fastest growing markets
Finding a safe investment in today's markets makes looking for that needle in a haystack seem easy. With a single whale able to move a market, herds of elephants ready to stampede after it, and a global computer network executing high-frequency trades in milliseconds, an investor might think stuffing cash under a mattress is safe financial planning. But those dollars have lost about 40 percent of their buying power in the last 20 years.
"Understanding ETF Options" is the best way to protect and grow your assets in the financial climate ahead.
This hands-on guidebook gives you a unique audience with options expert Kenneth Trester, who has traded on the exchanges since their inception in 1973. This book culls his experience in systems analysis, operations research, and investment management to help you diversify risk while profiting on market volatility.
Through conversational explanations and real-world examples, it lays out how ETFs offer retail investors easy access to diversified financial value and demonstrates effective techniques to acquire, safeguard, and accrue wealth by trading options on these unique securities.
Whether you are an experienced investor or have never executed a trade, "Understanding ETF Options" can get you up and running on the exchanges with confidence and control. It comes with such essential tools as the Fair Value Option tables and covers everything you need to know to trade ETF options successfully, including: An insider's explanation of ETFsHow to identify valuable ETFsHow to avoid rogue wavesStrategies for achieving your goals among the elephants, whales, and computersProfessional traders' secrets for option buying and writing
As far as options are concerned, everything comes down to time and movement. Now is your time to make a move and put your future wealth into your own hands with "Understanding ETF Options."
ООО "Логосфера " Тел:+7(495) 980-12-10 www.logobook.ru