Download or read book Market Tremors written by Hari P. Krishnan and published by Springer Nature. This book was released on 2021-09-14 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the Global Financial Crisis, the structure of financial markets has undergone a dramatic shift. Modern markets have been “zombified” by a combination of Central Bank policy, disintermediation of commercial banks through regulation, and the growth of passive products such as ETFs. Increasingly, risk builds up beneath the surface, through a combination of excessive leverage and crowded exposure to specific asset classes and strategies. In many cases, historical volatility understates prospective risk. This book provides a practical and wide ranging framework for dealing with the credit, positioning and liquidity risk that investors face in the modern age. The authors introduce concrete techniques for adjusting traditional risk measures such as volatility during this era of unprecedented balance sheet expansion. When certain agents in the financial network behave differently or in larger scale than they have in the past, traditional portfolio theory breaks down. It can no longer account for toxic feedback effects within the network. Our feedback-based risk adjustments allow investors to size their positions sensibly in dangerous set ups, where volatility is not providing an accurate barometer of true risk. The authors have drawn from the fields of statistical physics and game theory to simplify and quantify the impact of very large agents on the distribution of forward returns, and to offer techniques for dealing with situations where markets are structurally risky yet realized volatility is low. The concepts discussed here should be of practical interest to portfolio managers, asset allocators, and risk professionals, as well as of academic interest to scholars and theorists.
Download or read book Market and Society written by C. M. Hann and published by Cambridge University Press. This book was released on 2009-05-14 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume considers how the work of Polanyi can contribute to our understanding of the relationship between market and society.
Download or read book The Mis Behaviour of Markets written by Benoit B. Mandelbrot and published by Profile Books. This book was released on 2010-10-01 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful. In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.
Download or read book The Misbehavior of Markets written by Benoit Mandelbrot and published by Basic Books. This book was released on 2007-03-22 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking mathematician presents a new model for understanding financial markets Benoit B. Mandelbrot is world-famous for inventing fractal geometry, making mathematical sense of a fact everybody knows but that geometers from Euclid on down had never assimilated: Clouds are not round, mountains are not cones, coastlines are not smooth. To these insights we can now add another example: Markets are not the safe bet your broker may claim. Mandelbrot, with co-author Richard L. Hudson, shows how the dominant way of thinking about the behavior of markets--a set of mathematical assumptions a century old and still learned by every MBA and financier in the world--simply does not work. He uses fractal geometry to propose a new, more accurate way of describing market behavior. From the gyrations of the Dow to the dollar-euro exchange rate, Mandlebrot shows how to understand the volatility of markets in far more accurate terms than the failed theories that have repeatedly brought the financial system to the brink of disaster. The result is no less than the foundation for a new science of finance.
Download or read book Business Marketing and Management Principles for IT and Engineering written by Dimitris N. Chorafas and published by CRC Press. This book was released on 2016-04-19 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to achieve long-term profitability and assure survival for their companies, managers must be informed, imaginative, and capable of adapting to shifting circumstances. Practical decisions rather than theories hold the upper ground. Business, Marketing, and Management Principles for IT and Engineering supplies the understanding required to e
Download or read book Globalization written by Nicholas V. Gianaris and published by Bloomsbury Publishing USA. This book was released on 2000-10-30 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is undergoing dramatic financial changes. The removal of technical, trade, and monetary barriers and the liberalization of world economies create challenges and opportunities for investment and financial transactions. With these changes, international finance is expected to play a vital role in foreign exchange, cross-border capital flows, joint ventures, and economic growth, but rapid progress in telecommunications and electronic capital transfers could lead to tremors in financial markets, making the global economy vulnerable to speculation, investors' panic, and economic fluctuations. Supported by the latest empirical research, this book weaves together a theoretical framework of international finance supported by the latest empirical research. ^IGlobalization^R provides a comprehensive analysis of traditional and modern theories of international monetary systems, problems of balance of payments, exchange rates, and related adjustment and stabilization policies for industrialized and emerging nations. Following a brief historical review, the book covers advanced theories of international trade and finances as well as related real world performance. It examines strengths and weaknesses of fixed and floating exchange rates, forward exchanges, spreading global shareholder capitalism, problems of emerging markets, international capital movements and banking activities, market capitalization and foreign debt. It also examines investment movements and cross-border mergers, economic and financial integration, related effects of macroeconomic policies in open economies, and problems of global income inequalities. The book will be of great theoretical and practical importance to students, scholars, and business leaders.
Download or read book Finding Your a Game written by Neil Rinehart and published by iUniverse. This book was released on 2005-07 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: An enthusiastic golfer with almost thirty years experience in the investment business, author Neil Rinehart shares the essence of the similarities between successful golf and successful stock market investing. Finding Your A Game is a testament to the challenges and pleasures of each game and to the fact that success in both golf and investing depends on discipline, decisiveness, and a focus on the fundamentals. Rinehart's inventive style will enlighten you on the purposeful, passionate ways that accomplished golfers and investors practice their crafts. Along the way, you will better understand: The most important shot The most important club in your bag The value of your pre-shot routine How to think outside the tee box And why successful investors know that: There is a 5 percent secret to success They should avoid the big negative number When in doubt, they should get out Light and informative, Finding Your A Game, is a witty collection of stories, tips, and wisdom. In the end, you will feel the power of better golf and better investing-and be well on your way to finding your "A" game.
Download or read book Money Markets and Government written by James A. Dorn and published by Cato Institute. This book was released on 2013-11-11 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This ebook, an edited volume of papers presented at the Cato Institute’s 30th Annual Monetary Conference, examines those changes and considers how the links between money, markets, and government may evolve in the future. By studying the past, one can learn how to avoid future crises and improve monetary institutions, provided political barriers to real reform can be circumvented. Some of the general topics covered in this ebook include how the choice of monetary regimes affects economic freedom and prosperity, the policy steps needed to avoid future financial crises, the limits of monetary policy, the lessons from the Eurozone debt crisis, and China’s path toward capital freedom.
Download or read book Den of Thieves written by James B. Stewart and published by Simon and Schuster. This book was released on 1992-09 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: How four men--Michael Milken, Ivan Boesky, Martin Siegel, Dennis Levine--"nearly destroyed Wall Street ... how they made billions and how they got caught."
Download or read book The Investing Oasis written by J. T. Mason and published by John Wiley & Sons. This book was released on 2022-10-25 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guided journey revealing hidden values and buried treasures while negotiating the investing landscape. A metaphorical journey through the hot, shifting sands of the capital markets ‘desert’ to awaken readers to the urgency of the "Behavior Gap"—a chronic gap of under-performance relative to the markets experienced by investors worldwide. This is a roadmap of portfolio management concepts and contrarian tactics that can turn misbehaviors, undue risks, and short-term gambles into longer-term strengths. Through 27 chapters and four tiers, the author progressively introduces more powerful tools & techniques used in the founding and ongoing management of the Oasis Growth Fund, a North American Hedge Fund.
Download or read book Economy s Tension written by Stephen Gudeman and published by Berghahn Books. This book was released on 2008-05-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are we obsessed with calculating our selections? The author argues that competitive trade nurtures calculative reason, which provides the ground for most discourses on economy. But market descriptions of economy are incomplete. Drawing on a range of materials from small ethnographic contexts to global financial markets, the author shows that economy is dialectically made up of two value realms, termed mutuality and impersonal trade. One or the other may be dominant; however, market reason usually cascades into and debases the mutuality on which it depends. Using this cross-cultural model, the author explores mystifications of economic life, and explains how capital and derivatives can control an economy. The book offers a different conception of economic welfare, development, and freedom; it presents an approach for dealing with environmental devastation, and explains the growing inequalities of wealth within and between nations.
Download or read book Bluff written by Anjum Hoda and published by Simon and Schuster. This book was released on 2016-06-09 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The accepted narrative of the global financial crisis of 2007–09 is that the central banks saved us from an inferno caused by Wall Street greed. While there is no doubt they did save us, did the firefighters actually cause the fire as well? The Bank of England and US Federal Reserve have used the bait of low interest rates together with the bite of inflation in their quest for economic growth. Bluff reveals how these tactics have failed and instead left us with an unhealthy mix of debt, alternating booms in real estate and equity markets and laggard wages. In an incisive critique, Bluff makes the case for a much-needed public debate on the role of the all-powerful central banks; an acknowledgment of the damage caused by flawed policy decisions; and a vital reassessment of the social contract between the people and their central bank.
Download or read book All the Presidents Bankers written by Nomi Prins and published by Bold Type Books. This book was released on 2014-04-08 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history. Culled from original presidential archival documents, All the Presidents' Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics-or greed driving bankers. Nomi Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and proté relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels in Washington, DC. From the Panic of 1907 to the financial crisis of 2008, this unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. All the Presidents' Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us.
Download or read book Regional Economic Outlook October 2010 Middle East and Central Asia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2010-10-22 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Regional Economic Outlook assesses the near-term outlook for each of the three subregions: the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) oil exporters, the MENAP oil importers, and the Caucasus and Central Asia (CCA). The report also looks at medium-term issues of particular concern to the region, namely the need to boost competitiveness and growth to address high levels of long-standing unemployment in the MENAP region, and enhance the effectiveness of monetary policy and regional cooperation in the CCA.
Download or read book Wealth and Democracy written by Kevin Phillips and published by Crown. This book was released on 2002-06-18 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than thirty years, Kevin Phillips' insight into American politics and economics has helped to make history as well as record it. His bestselling books, including The Emerging Republican Majority (1969) and The Politics of Rich and Poor (1990), have influenced presidential campaigns and changed the way America sees itself. Widely acknowledging Phillips as one of the nation's most perceptive thinkers, reviewers have called him a latter-day Nostradamus and our "modern Thomas Paine." Now, in the first major book of its kind since the 1930s, he turns his attention to the United States' history of great wealth and power, a sweeping cavalcade from the American Revolution to what he calls "the Second Gilded Age" at the turn of the twenty-first century. The Second Gilded Age has been staggering enough in its concentration of wealth to dwarf the original Gilded Age a hundred years earlier. However, the tech crash and then the horrible events of September 11, 2001, pointed out that great riches are as vulnerable as they have ever been. In Wealth and Democracy, Kevin Phillips charts the ongoing American saga of great wealth–how it has been accumulated, its shifting sources, and its ups and downs over more than two centuries. He explores how the rich and politically powerful have frequently worked together to create or perpetuate privilege, often at the expense of the national interest and usually at the expense of the middle and lower classes. With intriguing chapters on history and bold analysis of present-day America, Phillips illuminates the dangerous politics that go with excessive concentration of wealth. Profiling wealthy Americans–from Astor to Carnegie and Rockefeller to contemporary wealth holders–Phillips provides fascinating details about the peculiarly American ways of becoming and staying a multimillionaire. He exposes the subtle corruption spawned by a money culture and financial power, evident in economic philosophy, tax favoritism, and selective bailouts in the name of free enterprise, economic stimulus, and national security. Finally, Wealth and Democracy turns to the history of Britain and other leading world economic powers to examine the symptoms that signaled their declines–speculative finance, mounting international debt, record wealth, income polarization, and disgruntled politics–signs that we recognize in America at the start of the twenty-first century. In a time of national crisis, Phillips worries that the growing parallels suggest the tide may already be turning for us all.
Download or read book Here s to the Good Life written by Joe RoosEvans and published by Xlibris Corporation. This book was released on 2014-12-12 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Gourmet is more than just a book. Its a complete financial-educational program designed to help you understand how money really works in todays globally connected economy. Once empowered with the knowledge in this book, you will gain an understanding of new ways to take advantage of the greatest strategies, tools, and tactics for wealth creation. In short, it will teach you everything you need to know in order to get your finances on track, build wealth, and enjoy lifeand youll have fun doing it! This book is written in an easy-to-understand style to demystify money and simplify the planning process. With The Gourmet as your guide and financial strategies presented as easy-to-follow recipes, you will discover a new model for financial understanding and easy implementation.
Download or read book Rice written by C. Wayne Smith and published by John Wiley & Sons. This book was released on 2002-11-25 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thorough coverage of rice, from cultivar development tomarketing Rice: Evolution, History, Production, and Technology, the thirdbook in the Wiley Series in Crop Science, provides unique,single-source coverage of rice, from cultivar developmenttechniques and soil characteristics to harvesting, storage, andgermplasm resources. Rice covers the plant's origins and history,physiology and genetics, production and production hazards,harvesting, processing, and products. Comprehensive coverage includes: * Color plates of diseases, insects, and other productionhazards * The latest information on pest control * Up-to-date material on marketing * A worldwide perspective of the rice industry Rice provides detailed information in an easy-to-use format, makingit valuable to scientists and researchers as well as growers,processors, and grain merchants and shippers.
