Author: Keith Pilbeam
Publisher: Macmillan International Higher Education
ISBN: 1137515635
Page: 502
View: 6801

Finance and Financial Markets

Author: Keith Pilbeam
Publisher: Palgrave MacMillan
ISBN: 9781403948342
Category: Business & Economics
Page: 479
View: 3278
"Suitable for a broad range of students on economics and finance courses Finance and Financial Markets is a comprehensive and accessible introduction to finance. Keith Pilbeam makes the theory and practice of financial institutions, markets and instruments readily understandable. With clearly explained theory, up-to-date application, worked examples and end-of-chapter questions it is an ideal textbook for those wanting to work with, understand or be conversant in finance."--BOOK JACKET.

Global Finance and Financial Markets

A Modern Introduction
Author: Ferdinand E. Banks
Publisher: World Scientific
ISBN: 9789810243272
Category: Business & Economics
Page: 317
View: 7641
This is an elementary text and reference book in global finance. It has also been designed for self-study The subjects covered are stocks (shares) and bonds; derivatives, particularly futures and options; foreign exchange markets; etc. The book is accessible to anyone with a knowledge of secondary school algebra and an interest in finance and financial markets.


Capital Markets, Financial Management, and Investment Management
Author: Frank J. Fabozzi,Pamela Peterson Drake
Publisher: John Wiley & Sons
ISBN: 9780470486153
Category: Business & Economics
Page: 832
View: 3744
Created by the experienced author team of Frank Fabozzi and Pamela Peterson Drake, Finance examines the essential elements of this discipline and makes them accessible to a wide array of readers-from seasoned veterans looking for a review to newcomers needing to get their footing in finance. Divided into four comprehensive parts, this reliable resource opens with a detailed discussion of the basic tools of investing and financing decision-making—financial mathematics and financial analysis. After this informative introduction, you'll quickly become familiar with the three primary areas of finance—capital markets (Part II), financial management (Part III), and investment/asset management (Part IV)?-and discover how these different areas are interconnected. Finance is a well-rounded guide to this dynamic field. The straightforward insights found here will put you in a better position to understand what the principles of modern finance are and how they can be used to make the right decisions when managing risk and return in today's complex financial environment.

Behavioral Finance and Capital Markets

How Psychology Influences Investors and Corporations
Author: A. Szyszka
Publisher: Springer
ISBN: 113736629X
Category: Business & Economics
Page: 335
View: 562
Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance.

Securitization, Structured Finance, and Capital Markets

Author: Steven L. Schwarcz,Bruce A. Markell,Lissa L. Broome
Publisher: LexisNexis
ISBN: 0327179031
Category: Law
Page: 722
View: 8280
Securitization, Structured Finance, and Capital Markets provides an introduction to securitization as a method of financing. It is suitable for an independent course or seminar in securitization and structured finance, and may also be used as supplementary reading or as advanced examples in courses in bankruptcy, secured transactions, trusts, corporations, securities regulation, corporate finance, tax, banking, or accounting. The book is organized by substantive legal areas. The first chapter provides an overview of securitization and is a terrific starting point for anyone trying to learn more about this $6 trillion industry where assets as diverse as car loans, credit card debt, student loans, home mortgages, and commercial mortgages are securitized to provide the loan originator with a source of capital at lower cost than might otherwise be available. The first chapter introduces securitization through a detailed discussion of an actual securitization of loans made to purchasers of Hondas. The Honda deal is followed as an example throughout the subsequent chapters and numerous documents from the deal are reprinted in the book. Students should benefit from the concrete example and the opportunity to examine the actual legal documents used to implement this type of financing transaction. Subsequent chapters of the book examine Article 9 of the UCC, the Bankruptcy Code, accounting issues, tax and other considerations, securities laws, and the Investment Company Act. There is a separate chapter focused on special concerns of banks securitizing loans, a chapter on international and cross-border issues in securitization, and a concluding chapter exploring the academic debate relating to the efficiency of securitization. Each chapter of the book contains discussion questions.

International Finance and Financial Markets

Author: Richard Schwindt
Publisher: N.A
Category: Banks and banking, International
Page: 166
View: 9142

Finance and the Good Society

Author: Robert J. Shiller
Publisher: Princeton University Press
ISBN: 140084617X
Category: Business & Economics
Page: 312
View: 3193
The reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. New York Times best-selling economist Robert Shiller is no apologist for the sins of finance--he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgage meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation--not less--and finance should play a larger role in helping society achieve its goals. Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers--from CEO, investment manager, and banker to insurer, lawyer, and regulator--can and do manage, protect, and increase these assets. He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole. Ultimately, Shiller shows how society can once again harness the power of finance for the greater good.

The Economics of the Financial Crisis

Lessons and New Threats
Author: Marco Annunziata
Publisher: Palgrave Macmillan
ISBN: 0230282814
Category: Business & Economics
Page: 231
View: 6962
ncludes bibliographical references and index.

Just Financial Markets?

Finance in a Just Society
Author: Lisa Herzog
Publisher: Oxford University Press
ISBN: 0191072273
Category: Political Science
Page: 344
View: 5965
Well-functioning financial markets are crucial for the economic well-being and the justice of contemporary societies. The Great Financial Crisis has shown that a perspective that naively trusts in the self-regulating powers of free markets cannot capture what is at stake in understanding and regulating financial markets. The damage done by the Great Financial Crisis, including its distributive consequences, raises serious questions about the justice of financial markets as we know them. This volume brings together leading scholars from political theory, law, and economics in order to explore the relation between justice and financial markets. Broadening the perspective from a purely economic one to a liberal egalitarian one, the volume explores foundational normative questions about how to conceptualize justice in relation to financial markets, the biases in the legal frameworks of financial markets that produce unjust outcomes, and perspectives of justice on specific institutions and practices in contemporary financial markets. Written in a clear and accessible language, the volume presents analyses of how financial markets (should) function and how the Great Financial Crisis came about, proposals for how the structures of financial markets could be reformed, and analysis of why reform is not happening at the speed that would be desirable from a perspective of justice.

Economic Capital and Financial Risk Management for Financial Services Firms and Conglomerates

Author: B. Porteous,P. Tapadar
Publisher: Springer
ISBN: 0230512704
Category: Business & Economics
Page: 325
View: 6786
The authors present a comprehensive and timely discussion of economic capital and financial risk management for financial services firms and conglomerates. Topics covered include: the different types of risks that firms collect; risk governance issues; how stress testing can be used to measure risk; the provision of a clear and precise definition of economic capital; the different types of capital that are eligible to back regulatory capital, and; the development of models that can be used to estimate a firm's economic capital requirements. A unique feature of the book is that, for the first time, the economic capital requirements of financial services firms across the entire risk spectrum, from the short end to the long end, are considered in one book. The authors develop models to estimate the economic capital requirements of banks, asset management firms, life and non-life insurance firms, pension funds, and the financial services conglomerates that comprise these firms. Economic capital is compared to regulatory capital and regulatory capital arbitrage is discussed. The diversification benefit present in financial services conglomerates is quantified and the practical management of this diversification benefit is dealt with. The authors give new insights into capital management and performance measurement for financial services conglomerates and provide detailed descriptions of the main financial services firm regulatory capital changes that are ongoing at the time of writing. This superb and original book charts new ground in the practical application of economic capital for financial services firms and conglomerates. It is required reading for all capital allocation and risk professionals.

The Econometrics of Financial Markets

Author: John Y. Campbell,Andrew W. Lo,A. Craig MacKinlay
Publisher: Princeton University Press
ISBN: 1400830214
Category: Business & Economics
Page: 632
View: 5942
The past twenty years have seen an extraordinary growth in the use of quantitative methods in financial markets. Finance professionals now routinely use sophisticated statistical techniques in portfolio management, proprietary trading, risk management, financial consulting, and securities regulation. This graduate-level textbook is intended for PhD students, advanced MBA students, and industry professionals interested in the econometrics of financial modeling. The book covers the entire spectrum of empirical finance, including: the predictability of asset returns, tests of the Random Walk Hypothesis, the microstructure of securities markets, event analysis, the Capital Asset Pricing Model and the Arbitrage Pricing Theory, the term structure of interest rates, dynamic models of economic equilibrium, and nonlinear financial models such as ARCH, neural networks, statistical fractals, and chaos theory. Each chapter develops statistical techniques within the context of a particular financial application. This exciting new text contains a unique and accessible combination of theory and practice, bringing state-of-the-art statistical techniques to the forefront of financial applications. Each chapter also includes a discussion of recent empirical evidence, for example, the rejection of the Random Walk Hypothesis, as well as problems designed to help readers incorporate what they have read into their own applications.

Rumors in Financial Markets

Insights into Behavioral Finance
Author: Mark Schindler
Publisher: John Wiley & Sons
ISBN: 9780470510339
Category: Business & Economics
Page: 210
View: 9295
On the trading floor, all action is based on news, therefore rumors in financial markets are an everyday phenomenon. Rumors are the oldest mass medium in the world and their nature is still difficult to grasp. Scientifically, not much is known about rumors, especially in the financial markets, where their consequences can have real money consequences. Rumors in Financial Markets provides a fresh insight to the topic, combining the theory of Behavioral Finance with that of Experimental Finance--a new and innovative scientific method which observes real decision makers in a controlled, clearly structured environment. Using the results from surveys and experiments, the author argues that rumors in the context of financial markets are built on three cornerstones: Finance, Psychology and Sociology. The book provides insights into how rumors evolve, spread and are traded on and provides explanations as to why volatility rockets, strong price movements, herding behavior for example, occur for apparently no good reason.

Handbook of Asian Finance

Financial Markets and Sovereign Wealth Funds
Author: Greg N. Gregoriou,David Lee,David Lee Kuo Cheun
Publisher: N.A
ISBN: 9780128009826
Category: Business & Economics
Page: 382
View: 9272
Asia's miraculous recovery from the 1997 crisis ushered in unexpected transformations to its economies and financial sectors. The reasons many Asian countries are growing above 6%, with double-digit growth for a year or two in-between, are investigated by this extensive research collection. The Handbook of Asian Finance covers the most interesting issues raised by these growth rates. From real estate prices and the effects of trading technologies for practitioners to tax evasion, market manipulation, and corporate governance issues, expert scholars analyze the ways that the region is performing. Offering broader and deeper coverage than other handbooks, the Handbook of Asian Finance explains what is going on in Asia today. Devotes significant attention to the systematic risk created by banks' exposure to links between real estate and other sectors Explores the implications implicit in the expansion of sovereign funds and the growth of the hedge fund and real estate fund management industries Investigates the innovations in technology that have ushered in faster capital flow and larger trading volumes

Financial Markets and Financial Crises

Author: R. Glenn Hubbard
Publisher: University of Chicago Press
ISBN: 9780226355887
Category: Business & Economics
Page: 394
View: 9255
Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse? Using both historical and contemporary episodes of breakdowns in financial trade, contributors to this volume draw insights from theory and empirical data, from the experience of closed and open economies worldwide, and from detailed case studies. They explore the susceptibility of American corporations to economic downturns; the origins of banking panics; and the behavior of financial markets during periods of crisis. Sever papers specifically address the current thrift crisis—including a detailed analysis of the over 500 FSLIC-insured thrifts in the southeast—and seriously challenge the value of recent measures aimed at preventing future collapse in that industry. Government economists and policy makers, scholars of industry and banking, and many in the business community will find these timely papers an invaluable reference.

Fundamentals of Financial Instruments

An Introduction to Stocks, Bonds, Foreign Exchange, and Derivatives
Author: Sunil Parameswaran
Publisher: John Wiley & Sons
ISBN: 0470824905
Category: Business & Economics
Page: 560
View: 3280
bonds --

Handbook of Financial Markets: Dynamics and Evolution

Author: Thorsten Hens,Klaus Reiner Schenk-Hoppe
Publisher: Elsevier
ISBN: 9780080921433
Category: Business & Economics
Page: 608
View: 3326
The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical, empirical, and numerical techniques as well as several different modeling approaches, the authors depict the state of debate on the market selection hypothesis. By explicitly assuming the heterogeneity of investors, they present models that are descriptive and normative as well, making the volume useful for both finance theorists and financial practitioners. * Explains the market dynamics of asset prices, offering insights about asset management approaches * Assumes a heterogeneity of investors that yields descriptive and normative models of portfolio selections and asset pricing dynamics

Global Tensions in Financial Markets

Author: John W. Kensinger
Publisher: Emerald Group Publishing
ISBN: 1787432718
Category: Business & Economics
Page: 220
View: 3002
The volume first investigates the impact of macroeconomic variables on equity values in emerging economies as compared with developed economies. Next it affirms the efficiency of the Midcontinent Independent System Operator electricity exchange. Finally it investigates efforts to stimulate emerging nations around the world.

Handbook of Key Global Financial Markets, Institutions, and Infrastructure

Author: Gerard Caprio,Douglas W. Arner,Thorsten Beck,Charles W. Calomiris,Larry Neal,Nicolas Véron
Publisher: Academic Press
ISBN: 0123978734
Category: Business & Economics
Page: 611
View: 6495
This title begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability.

An Introduction to Global Financial Markets

Author: Stephen Valdez,Philip Molyneux
Publisher: Macmillan International Higher Education
ISBN: 1137508337
Category: Business & Economics
Page: 552
View: 3632
An accessible but comprehensive guide to the world of finance and financial markets. Taking an international approach, the authors examine the different types of banking and markets around the world, and cover foreign exchange and derivative products. This edition is right up to date and incorporates recent events and developments in finance.