Financial Markets and Policies in East Asia, De Brouwer, Gordon

Автор: Monique Jeanblanc, Marc Yor, Marc Chesney
Название: Mathematical Methods for Financial Markets
ISBN: 1852333766 ISBN-13(EAN): 9781852333768
Издательство: Springer
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Цена: 58690.00 T
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Описание: Presents stochastic processes of common use in mathematical finance. This book consists of eleven chapters, interlacing on the one hand financial concepts and instruments, Brownian motion, diffusion processes, Levy processes, together with the basic properties of these processes. It deals with continuous path processes and discontinuous processes.

Автор: MacKenzie Donald
Название: Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets
ISBN: 0691211388 ISBN-13(EAN): 9780691211381
Издательство: Wiley
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Цена: 36960.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial marketsIn today's financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading-automated high-frequency trading or HFT-began and then spread throughout the world.

HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal-light in a vacuum-can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges' systems and to the location of the microwave towers that carry signals between computer datacenters.

Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.

Автор: Charles-Albert Lehalle, Amine Raboun
Название: Financial Markets in Practice: From Post-Crisis Intermediation to FinTechs
ISBN: 9811252572 ISBN-13(EAN): 9789811252570
Издательство: World Scientific Publishing
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Цена: 84480.00 T
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Описание: Financial Markets in Practice: From Post-Crisis Intermediation to FinTechs delivers an overview of the development of risk-transformation undertaken by the financial services industry from the perspective of quantitative finance. It provides an instructional and comprehensive explanation of the structure of the financial system as a network of risk suppliers and risk consumers, where different categories of market participants buy, transform, net, and re-sell different kinds of risks. This risk-transformation oriented view is supported by the changes that followed the last global financial crisis: consumers of financial products asked for less complex risk transformations, regulators demanded limiting risks inside financial institutions to the maximum extent possible, and market participants turned to run mass market-like businesses and away from bespoke 'haute couture'-like businesses.This book portrays the network of intermediaries that compose the financial system, describes their most common business models, explains the exact role of each kind of market participant, and underlines the interaction between them. It seeks to reveal the potential disintermediation that could occur inside the financial sector, led by FinTechs and Artificial Intelligence-based innovations.Readers are invited to reconsider the role of market participants in the post-crisis world and are prepared for the next wave of changes driven by data science, AI, and blockchain. Amid these innovations, quantitative finance will be increasingly involved in all aspects of the financial system. This handy resource helps practitioners from both the buy-side and sell-side gain insights to, and provides an overview of, business models in the financial system from an intermediation perspective, and guides students to comprehensively understand the complex ecosystem in which they will evolve.

Автор: J.C.Park
Название: A New Financial Market Structure For East Asia
ISBN: 1843769433 ISBN-13(EAN): 9781843769439
Издательство: Edward Elgar Publishers
Цена: 230910.00 T
Наличие на складе: Поставка под заказ.
Описание: This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market.

Автор: Linton David E.
Название: Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies
ISBN: 1604271655 ISBN-13(EAN): 9781604271652
Издательство: Mare Nostrum (Eurospan)
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Цена: 50120.00 T
Наличие на складе: Невозможна поставка.
Описание: Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies shows how to navigate today's world of complex financial instruments, investment opportunities, and devastating pitfalls. This reader-friendly guide details stocks, bonds, and alternative investments, who invests in these asset classes, how, and why. It uses real-world examples in addition to citing the latest academic research. Additionally, seven industry experts have co-authored select chapters to greatly expand the depth and utility of this book for the reader. This unique guide is perfect for financial analysts, portfolio managers, client-facing representatives, product specialists, and anybody early in their finance career who wishes to understand how clients, products, and investors relate and interact.

Foundations of Investment Management provides a complete overview of the investment management industry; defines key terms and participants; identifies investment vehicles, strategies, and asset classes; and analyzes each strategy focusing on its relative utility and potential inclusion in a well-diversified portfolio. Despite the subject mater's complexity, each topic is distilled in a way that is highly relatable and intuitive, ensuring the reader knows how to better manage their investments or interact with clients. Lastly, every chapter closes with a summary and investment implications to maximize the information presented. Key Features:

• Defines various fund structures, discusses the growth of the mutual fund industry, explains the benefits and disadvantages of comingled vehicles and details other investment options including fund of funds, annuities, and separately managed accounts
• Presents detailed descriptions of different institutional investors; elaborates on their investment considerations, objectives, and reaction functions; and concludes with implications for an institutions
• propensity to respond similarly to market developments
• Supplies tools and techniques to construct and optimize a fixed income portfolio
• Reviews the history of the Bank of England and U.S. Federal Reserve and describes central bank objectives, tools, and reaction functions
• Illustrates the difference between investing and speculating by introducing different valuation methods and approaches to developing an investment thesis
• Examines the growth of high frequency trading and identifies rebalancing strategies
• Identifies different stock investment approaches as well as introduces several equity valuation methods
• Describes mean variance optimization and conviction-based portfolio construction approaches
• Reviews bond basics including bond income, interest rate sensitivity, and sources of risk such as credit and liquidity
• Examines the history of real assets, defines each real asset, details the drivers of their return, and explains how an investor may gain exposure to each asset through the utilization of financial instruments or investment vehicles
• Presents the theory behind and history of factors and factor investing from both an academic and practitioner perspective.
• Presents the development of our understanding of behavioral biases, explains how these biases impact investment decisions, and provides tips and techniques to avoid their pitfalls

Автор: Cecchetti, Stephen Schoenholtz, Kermit
Название: Money, banking and financial markets
ISBN: 126057136X ISBN-13(EAN): 9781260571363
Издательство: McGraw-Hill
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Цена: 74350.00 T
Наличие на складе: Невозможна поставка.
Описание: Cecchetti& Schoenholtz's Money, Banking, and Financial Markets 6estays relevant and interesting through the product's unique emphasis on theFive Core Principles, the early introduction of risk, an integrated globalperspective, and the integration of FRED data in both the text and problemmaterial. By focusing on the big picture via core principles, Cecchetti teachesstudents the rationale for financial rules and institutional structure so thateven when the financial system evolves, students' knowledge will not be out ofdate. Be sure to visit the author blog at www.moneyandbanking.com for short, informed discussions onissues in the news, as well as technical points relevant for instructors andstudents alike.

ConnectEconomics: McGraw-Hill's online assignment and assessment tool. Cecchettipaired with Connect Economics provides assignable, auto-gradable versions ofend-of-chapter problems in static and algorithmic format, as well as test bankcontent and graphing problems. Students receive detailed step-by-step feedbackon assignments and assignable content is fully integrated with the eBook.Students are also able to search, highlight, and take notes within theReadAnywhere eBook and complete SmartBook 2.0 assignments offline.

Connectprovides instructors with powerful reporting tools allowing them to plan,track, and analyze student performance across learning outcomes.

Автор: Ayadi Rym
Название: Monetary Policies, Banking Systems, Regulatory Convergence,
ISBN: 1137003472 ISBN-13(EAN): 9781137003478
Издательство: Springer
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Цена: 93160.00 T
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Описание: Monetary Policy, central banking, and international norms and regulations; a discussion far from new, nor applying exclusively to the world`s most advanced economies. A sound monetary policy and a well-enforced regulatory regime is provided, in explanation of developing nations to channel financial resources more efficiently into investments.

Автор: Henry Kaufman
Название: Tectonic Shifts in Financial Markets
ISBN: 3319483862 ISBN-13(EAN): 9783319483863
Издательство: Springer
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Цена: 26080.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.

Автор: Franklin R. Edwards; Hugh T. Patrick
Название: Regulating International Financial Markets: Issues and Policies
ISBN: 0792391551 ISBN-13(EAN): 9780792391555
Издательство: Springer
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Цена: 194730.00 T
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Описание: Amongthe majordevelop- ments was rapidly increasing international financial market integration across major nations and across financial product markets.

Автор: Franklin R. Edwards; Hugh T. Patrick
Название: Regulating International Financial Markets: Issues and Policies
ISBN: 9401057273 ISBN-13(EAN): 9789401057271
Издательство: Springer
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Цена: 139750.00 T
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Описание: Amongthe majordevelop- ments was rapidly increasing international financial market integration across major nations and across financial product markets.

Автор: Sargen, Nicholas P.
Название: Investing in the trump era
ISBN: 3319760440 ISBN-13(EAN): 9783319760445
Издательство: Springer
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Цена: 18630.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead.

Автор: Nicholas P. Sargen
Название: Investing in the Trump Era
ISBN: 3030093891 ISBN-13(EAN): 9783030093891
Издательство: Springer
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Цена: 18630.00 T
Наличие на складе: Поставка под заказ.
Описание: In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is to provide an objective source for investors to learn about economic policy issues that surfaced. Topics include long-term growth, the federal budget deficit, healthcare reform, tax reform, regulatory policies affecting the financial system and environment, the nexus of monetary, exchange rate and trade policies, and globalization. The book explains how these issues have evolved, considers arguments from both sides of the political divide, and draws upon evidence from studies by experts in the respective areas. A related goal is to assess the likely impact of economic policies on financial markets. While the presidential election was close, the markets’ response was decisive: U.S. and global equity markets went on a tear as consumer and business confidence soared. This surprised many investors who believed a Trump victory would be bad for financial markets. It also caused many to question whether expectations embedded in markets were too optimistic. Sargen’s assessment is presented in the opening and concluding chapters.