Contingent Liabilities of State-Owned Enterprises in South Asia, 

Автор: David C. M. Dickson, Howard R. Waters, Mary R. Hardy
Название: Actuarial mathematics for life contingent risks
ISBN: 1108478085 ISBN-13(EAN): 9781108478083
Издательство: Cambridge Academ
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Цена: 87650.00 T
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Описание: This new edition, designed as a primary text for undergraduate and graduate students, covers the mathematics of life and long-term health insurance and pensions. Exam-style questions build up students` confidence in applying the material to real-world situations, and prepares them for professional exams such as the Society of Actuaries` LTAM Exam.

Автор: Jan De Spiegeleer; Ine Marquet; Wim Schoutens
Название: The Risk Management of Contingent Convertible (CoCo) Bonds
ISBN: 3030018237 ISBN-13(EAN): 9783030018238
Издательство: Springer
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Цена: 51230.00 T
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Описание: This book provides an overview of the risk components of CoCo bonds. CoCos are hybrid financial instruments that convert into equity or suffer a write-down of the face value upon the appearance of a trigger event. The loss-absorption mechanism is automatically enforced either via the breaching of a particular accounting ratio, typically in terms of the Common Equity Tier 1 (CET1) ratio, or via a regulatory trigger. CoCos are non-standardised instruments with different loss-absorption and trigger mechanisms. They might also contain additional features such as the cancellation of coupon payments.Different pricing models are discussed in detail. These models use market data such as share prices, CDS levels and implied volatility in order to calculate the theoretical price of a CoCo bond and its sensitivities, providing the investor with insides to hedge from adverse changes in the market conditions.The audience are professionals as well as academics who want to learn how to risk manage CoCo bonds using cutting edge techniques as well as all the risk involved in CoCo bonds.

Автор: Nathalie G. Schwab Christe; Nils C. Soguel
Название: Contingent Valuation, Transport Safety and the Value of Life
ISBN: 0792395786 ISBN-13(EAN): 9780792395782
Издательство: Springer
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Цена: 158380.00 T
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Описание: Since the 1970s, economic theory has extended its field of application to non-market goods such as environmental resources and health. The technique of the contingent valuation method (CVM), which has mainly been used to assign a monetary value to environmental goods, is discussed in this text.

Автор: Chapman
Название: Income Contingent Loans
ISBN: 1137413182 ISBN-13(EAN): 9781137413185
Издательство: Springer
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Цена: 125770.00 T
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Описание: This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.

Автор: Liberadzki, Marcin Liberadzki, Kamil
Название: Contingent convertible bonds, corporate hybrid securities and preferred shares
ISBN: 3319925008 ISBN-13(EAN): 9783319925004
Издательство: Springer
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Цена: 65210.00 T
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Описание: This book is a comprehensive guide to the new generation of hybrid securities: subordinated and perpetual bonds with deferrable coupon first issued around 2003, and the youngest member of the hybrids family named CoCos (contingent convertibles) being a product of Basel III or European Union CRD IV regime (2014). Contingent capital constitutes a contractual recapitalization mechanism for troubled financial institutions. An increasing number of European banks have issued CoCo bonds in order to bolster their capital ratios. Following the EU pattern, CoCos issues have become increasingly popular within banks in Asia and the Pacific. The EU regulatory treatment of the contingent convertibles issued by banks and insurers together with bank bail-in instruments is at the forefront of the book. Furthermore, the book provides an overview of hybrids pricing and risk assessment approach and covers the non-voting preferred stocks as another hybrids class.

Автор: Dickson, David C. M.
Название: Actuarial Mathematics for Life Contingent Risks
ISBN: 1107044073 ISBN-13(EAN): 9781107044074
Издательство: Cambridge Academ
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Цена: 83430.00 T
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Описание: Actuarial Mathematics for Life Contingent Risks, 2nd edition, is the sole required text for the Society of Actuaries Exam MLC Fall 2015 and Spring 2016. It covers the entire syllabus for the SOA Exam MLC, including new sections for Spring 2016. It is ideal for university courses and for individuals preparing for professional actuarial examinations - especially the new, long-answer exam questions. Three leaders in actuarial science balance rigor with intuition and emphasize practical applications using computational techniques to provide a modern perspective on life contingencies and equip students for the products and risk structures of the future. The authors then develop a more contemporary outlook, introducing multiple state models, emerging cash flows and embedded options. The 210 exercises provide meaningful practice with both long-answer and multiple choice questions. Furthermore: • the book has been updated to include new material on discrete time Markov processes, on models involving joint lives, and on universal life insurance and participating traditional insurance • the Solutions Manual (ISBN 9781107620261), available for separate purchase, provides detailed solutions to the text's exercises.

Автор: Von Furstenberg George M
Название: Contingent Convertibles [Cocos]: A Potent Instrument For Financial Reform
ISBN: 9814619892 ISBN-13(EAN): 9789814619899
Издательство: World Scientific Publishing
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Цена: 95040.00 T
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Описание:

Contingent Convertibles (CoCos) represent debt that is subject to being converted automatically into common equity under pre-specified terms of conversion if the chosen regulatory capital ratio falls to a level triggering conversion. CoCos are that subspecies of contingent capital that references regulatory (Basel III) concepts in its triggers. From 2014, trigger points are set by common equity (Common Equity Tier 1 [CET1]) in percent of risk-weighted assets [RWA] or of more complicated measures of total exposure to a variety of risks, particularly credit risk. This is the first comprehensive book on CoCos, an innovative instrument that has attracted growing attention since it was first issued in 2009.

The book is mostly concerned with going-concern 'recovery-' rather than 'resolution-' CoCos, because avoiding failure and costly disruption of financial networks without government financing is the first order of business. CoCos hold a high promise of providing fully loss-absorbing equity capital when it is most needed and least available to financial institutions. Yet, having grown out of the 2007-2009 financial crisis, they are still an 'infant' reform instrument in many respects. Few of the instrument's design features (or even the rating, regulatory, and tax treatments) are entirely settled. This book seeks to move the discussion toward, and then past, the main decision points so that CoCos can prove their value for contingency planning and self-insurance all over the world. It is intended to increase the ability of issuers and investors to analyze and understand the different kinds of CoCos.

Автор: Sandra Nocera; Harry Telser; Dario Bonato
Название: The Contingent Valuation Method in Health Care
ISBN: 1461348056 ISBN-13(EAN): 9781461348054
Издательство: Springer
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Цена: 46570.00 T
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Описание: In the future, as our society becomes older and older, an increasing number of people will be confronted with Alzheimer`s disease.

Название: World scientific reference on contingent claims analysis in corporate finance (in 4 volumes)
ISBN: 9814730726 ISBN-13(EAN): 9789814730723
Издательство: World Scientific Publishing
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Цена: 1246080.00 T
Наличие на складе: Невозможна поставка.
Описание: Black and Scholes (1973) and Merton (1974) (hereafter referred to as BSM) introduced the contingent claim approach (CCA) to the valuation of corporate debt and equity. The BSM modeling framework is also named the "structural" approach to risky debt valuation.

Автор: Stiglitz Joseph E
Название: Income Contingent Loans
ISBN: 1137413190 ISBN-13(EAN): 9781137413192
Издательство: Springer
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Цена: 46570.00 T
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Описание: This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.

Автор: Yi-chong
Название: The Political Economy of State-owned Enterprises in China and India
ISBN: 0230360742 ISBN-13(EAN): 9780230360747
Издательство: Springer
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Цена: 111790.00 T
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Описание: Focused on unique features of economic development, this edited volume examines the nature and structure of corporate governance of several key state-owned enterprises in China and public sector units in India in five strategic sectors: oil and natural gas, steel, coal, electricity generation, and banking industries.

Название: The Routledge Handbook of State-Owned Enterprises
ISBN: 1138487694 ISBN-13(EAN): 9781138487697
Издательство: Taylor&Francis
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Цена: 224570.00 T
Наличие на складе: Нет в наличии.
Описание: The authors provide a detailed explanation of the theory that underpins the expansion of state-owned enterprises in the 21st century. This handbook brings together a wealth of international scholars, offering multiple theoretical perspectives to help shape a brave new world.