Regulatory risk and the cost of capital

determinants and implications for rate regulation

Table of Contents: Introduction * Basic Elements for a Comprehensive Concept of Regulatory Risk ? Models, Objectives, Process, Cost Concepts and Types of Rate Regulation * Impact of Rate Regulation on the Risk of a Regulated Firm * Development of a Regulatory Control Panel ? Analysis of Individual Variables of ...

The politics of adoption

international perspectives on Law, policy and practice

INDEX: Introduction.Part I: Adoption and Society. 1. Adoption: Concept, Principles and Social Construct. 2. The Changing Face of Adoption in the UK * Part II: Adoption and the Law. 3. The Legal Functions of Adoption. 4. International Benchmarks for Modern Adoption Law * Part III: Contemporary ...

The economics of persistent innovation

Table of Contents: Preface and acknowledgements by Christian Le Bas Introduction by William Latham and Christian Le Bas Ch. 1 Persistence in innovation : definitions and current development of the field by Christian Le Bas and William Latham Ch. 2 Determinants of persistence in innovation : a ...

Modern linear and nonlinear econometrics

The basic characteristic of Modern Linear and Nonlinear Econometrics is that it presents a unified approach of modern linear and nonlinear econometrics in a concise and intuitive way. It covers four major parts of modern econometrics: linear and nonlinear estimation and testing, time series analysis ...

Interest rate models-theory and practice

with smile, inflation and credit

The 2nd edition of this successful book has several new features. The calibration discussion of the basic LIBOR market model has been enriched considerably, with an analysis of the impact of the swaptions interpolation technique and of the exogenous instantaneous correlation on the calibration outputs ...

Dynamic modeling of monetary and fiscal cooperation among nations

"Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations" analyzes coordination of monetary and fiscal stabilization policies between countries and currency areas using a dynamic game approach. The first four chapters introduce the reader to the dynamics of fiscal and monetary policy cooperation. Issues covered ...

Labor mobility and the world economy

The recent landings of illegal immigrants on the Italian and Spanish coasts, the immigrant riots in France, and the migratory pressure faced by many countries are an indication that migration will remain high on the agenda of international public policy for some time. In order ...

Evolutionary microeconomics

Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium ...

Encyclopedia of Finance

"The Encyclopedia of Finance" is a major new reference work covering all aspects of finance. Coverage includes finance (financial management, security analysis, portfolio management, financial markets and instruments, insurance, real estate, options and futures, international finance) and statistical applications in finance (applications in portfolio analysis ...

Asset prices, booms and recessions

is a book on Financial Economics from a dynamic perspective. It focuses on the dynamic interaction of financial markets and economic activity. The financial markets to be studied here encompasses the money and bond market, credit market, stock market and foreign exchange market. Economic activity ...

Probability theory with applications

This book is a revised and expanded edition of a successful graduate and reference text. The material in the book is designed for a standard graduate course on probability theory, including some important applications. This new edition contains a detailed treatment of the core area ...

Tools for computational finance

"This book is very easy to read and one can gain a quick snapshot of computational issues arising in financial mathematics. Researchers or students of the mathematical sciences with an interest in finance will find this book a very helpful and gentle guide to the ...

New corporate governance

successful board management tools

Martin Hilb presents an innovative and integrated approach to the theory and practice of corporate governance. Central to this approach is a set of instruments - developed and tested by the author - that can be used by boards to offer effective strategic direction and control to ...

Econophysics of wealth distributions

Econophys-Kolkata I

Understanding the distribution of income and wealth in an economy has been a classic problem in economics for the last hundred years. Apart from the rapidly decaying number density of people with their income crossing over to a robust power law for the very rich ...

Cycle representations of Markov processes

This book is a prototype providing new insight into Markovian dependence via the cycle decompositions. It presents a systematic account of a class of stochastic processes known as cycle (or circuit) processes - so-called because they may be defined by directed cycles. These processes have special ...

The unity of the european Constitution

The book contains the contributions to a conference of young Polish and German public law scholars on the Constitutional Law of the European Union. The articles explore from different angles and in different fields the concept of the unity and its (limited) realization in the ...

Condorcet's paradox.Vol.I: Theory and methodology

This book is a compilation of the research that has been conducted in the study of Condorcet's Paradox for two centuries. It begins with a historical overview of the discovery of "Condorcet's Paradox" in the 18th Century, provides an exhaustive survey of numerous ...

The emerging digital economy

entrepreneurship, clusters, and policy

The technology dynamics of the digital age continue to impact where industries and firms locate and cluster geographically. Some of the impacts and structural patterns are consistent with the old or Fordist economic era; some are not. Thus, the contributions provide a balanced view of ...

The basel II risk parameters

estimation, validation, and stress testing

The estimation and validation of the Basel II risk parameters PD (default probability), LGD (loss given default), and EAD (exposure at default) is an important problem in banking practice. These parameters are used on the one hand as inputs to credit portfolio models, on the ...

Das allgemeine Vervaltungsrecht als Ordnungsidee

Grundlagen und Aufgaben der verwaltungsrechtlichen Systembildung

Verwaltungsrecht soll dem Einzelnen Schutz gewähren und der Verwaltung zu wirkungsvoller und effizienter Erfüllung ihrer Aufgaben rechtlich den Weg ordnen. Dieser Doppelauftrag sieht sich vor zahlreichen neuen Herausforderungen: Was kann die Gesetzesgebundenheit der Verwaltung angesichts komplexer Risikolagen noch leisten? Welche Rolle kommt den Gerichten als ...

Introduction to stochastic calculus for finance

a new didactic approach

The large number of already available textbooks on stochastic calculus with specific applications to finance requires a justification for another contribution to this subject. The justification is mainly pedagogical. These lecture notes start with an elementary approach to stochastic calculus due to Follmer, who showed ...

Long memory in economics

When applying the statistical theory of long range dependent (LRD) processes to economics, the strong complexity of macroeconomic and financial variables, compared to standard LRD processes, becomes apparent. In order to get a better understanding of the behaviour of some economic variables, the book assembles ...