Realistic Simulation of Financial Markets: Analyzing Market Behaviors by the Third Mode of Science, Kita Hajime, Taniguchi Kazuhisa, Nakajima Yoshihiro
Автор: Langenbucher Katja Название: International Corporate Law and Financial Market Regulation ISBN: 1107442125 ISBN-13(EAN): 9781107442122 Издательство: Cambridge Academ Рейтинг: Цена: 5069.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Since the financial crisis, corporate or capital markets law has been the focus of attention by academia and media. This book presents a new approach to the risks and benefits of interdisciplinary and policy work for legislators and judges, and will appeal to lawyers and economists working in these areas.
Автор: Kita Название: Realistic Simulation of Financial Markets ISBN: 4431550569 ISBN-13(EAN): 9784431550563 Издательство: Springer Рейтинг: Цена: 16070.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book takes up unique agent-based approaches to solving problems related to stock and their derivative markets. Toward this end, the authors have worked for more than 15 years on the development of an artificial market simulator called U-Mart for use as a research and educational tool. A noteworthy feature of the U-Mart simulator compared to other artificial market simulators is that U-Mart is an ultra-realistic artificial stock and their derivative market simulator. For example, it can simulate “arrowhead,” a next-generation trading system used in the Tokyo Stock Exchange and other major markets, as it takes into consideration the institutional design of the entire market. Another interesting feature of the U-Mart simulator is that it permits both human and computer programs to participate simultaneously as traders in the artificial market. In this book, first the details of U-Mart are explained, enabling readers to install and run the simulator on their computers for research and educational purposes. The simulator thus can be used for gaming simulation of the artificial market and even for users as agents to implement their own trading strategies for agent-based simulation (ABS).The book also presents selected research cases using the U-Mart simulator. Here, topics include automated acquisition of trading strategy using artificial intelligence techniques, evaluation of a market maker system to treat thin markets such as those for small and regional businesses, systemic risk analysis of the financial market considering institutional design of the market, and analysis of how humans behave and learn in gaming simulation. New perspectives on artificial market research are provided, and the power, potential, and challenge of ABS are discussed. As explained in this important work, ABS is considered to be an effective tool as the third approach of social science, an alternative to traditional literary and mathematical approaches.
Автор: Martin Diehl, Biliana Alexandrova-Kabadjova, Richard Heuver, Serafin Martinez-Jaramillo Название: Analyzing the Economics of Financial Market Infrastructures ISBN: 1466687452 ISBN-13(EAN): 9781466687455 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 32017.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Presents the latest scholarly research on the current developments in financial systems and how these processes are evolving due to new regulations and technical advances. This book features timely, research-based chapters on a variety of crucial topics including payment timing, multi-layer networks, transaction simulations, payment system analysis, and regulation of financial marketplaces.
Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and trading methods that reduce the amount of space on bank balance sheets that is needed to conduct a given amount of trade.
Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements.
Автор: Didier Sornette; Sergey Ivliev; Hilary Woodard Название: Market Risk and Financial Markets Modeling ISBN: 3642439748 ISBN-13(EAN): 9783642439742 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The current financial crisis has revealed serious flaws in models, measures and, potentially, theories, that failed to provide forward-looking expectations for upcoming losses originated from market risks.
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