Macroeconomic policies in the world economy

The integration of goods and financial markets has progressed on a global scale in recent years. Thus, the cyclical patterns in the world economy may have changed too. Against this background, experts in international economics analyze the synchronization of business cycles and their volatility in ...

Saving capitalism from the capitalists

unleashing the power of financial markets to create wealth and spread opportunity

Capitalism#s biggest problem is the executive in pinstripes who extols the virtues of competitive markets with every breath while attempting to extinguish them with every action. Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist ...

The making of global finance 1880-1913

This book traces the roots of global financial integration in the first "modern" era of globalization, from 1880 to 1913. It analyzes the direction, destinations, and origins of international financial flows in order to determine the domestic policy choices that either attracted or deterred such ...

Sovereign risk and financial crises

Sovereign risk and financial crises play a key role in current international economic developments, particularly in the case of economic downturns. As the Asian economic crisis in the late 1990s revealed once again, financial crises are the rule rather than the exception in capitalist economies ...

Les crises financières

Les crises financières se sont multipliées depuis quelques années. Elles ont aussi changé de nature. La plupart de ces crises restent difficiles à prévoir, et même leur interprétation après coup est sujette à discussion. Les pays développés passent en général le cap des crises financières ...

Hot money and the politics of debt

Explains the origins of a pool of hot and homeless money, its uses and abuses and how the world of high finance, corporate and governmental, became hostage to it A ball of hot money rolls around the world. It seeks anonymity and political refuge. It ...

Managing global financial and foreign exchange rate risk

INDICE Chapter 1. Global Markets: Transactions and Risks. Chapter 2. Balance of Payments Exposure Management. Chapter 3. Foreign Exchange Rate Dynamics: Managing Exposure. Chapter 4. Application of Options and Futures for Managing Exposure. Chapter 5. Principles of Futures: Pricing and Applications. Chapter 6. Interest Rate ...

Monetary Unions and hard pegs

effects on trade, financial development, and stability

Eds. Volbert Alexander, Jacques Mélitz, George M. Von Furstenberg This book analyses formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability ÍNDICE:PART I ...

Exhaustion of the dollar

its implications for global prosperity

The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the ...

Recent developments on exchange rates

This collection examines recent developments in exchange rate analysis. In the first part, two exchange rate models are proposed: a model which combines heterogeneous agents and transaction costs, and a dynamic general-equilibrium two-country sticky-price model. The second part of the book deals with econometric aspects ...

The political economy of exchange rate policy-making

from the gold standard to the Euro

Steven Kettell analyzes the development of exchange rate policymaking from a Marxist perspective. He examines and provides a new means of understanding three key policymaking episodes in Britain - the return to the gold standard in 1925, membership of the European Exchange Rate Mechanism from 1990-1992 ...

Capital flows and crises

The implications of capital mobility for growth and stability are some of the most contentious and least understood contemporary issues in economics. In this book, Barry Eichengreen discusses historical, theoretical, empirical, and policy aspects of the effects, both positive and negative, of capital flows. He ...

The psychology of the foreign exchange market

This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that ...

Mercados internacionales

inversiones extranjeras

Este libro está especialmente enfocado para dar a conocer a través de un Business Game-Simulador, la posición de un inversor nacional (local) de cualquier país que se enfrenta al reto de decidir donde puede invertir sus ahorros en el corto plazo, independientemente de las formas ...

Commodity trading advisors

risk, perfomance analysis, and selection

Authoritative, up-to-date research and analysis that provides a dramatic new understanding of the rewards-and risks-of investing in CTAs Commodity Trading Advisors (CTAs) are an increasingly popular and potentially profitable investment alternative for institutional investors and high-net-worth individuals. Commodity Trading Advisors is one of the first ...

Modelling prices in competitive electricity markets

Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices. The rationale ...

Empirical finance

modelling and analysis of emerging financial and stock markets

The emphasis of this book is on understanding special characteristics of the financial systems of emerging markets, where the existence of market imperfections such as asymmetric information, adverse selection and moral hazard can cause financial market failures. Considering the Thai stock market as an example ...

Volatility and correlation

the perfect hedger and the fox

The new edition of Volatility and Correlation has been thoroughly updated and expanded with over 80% new or reworked material, reflecting the changes and developments that have taken place in the field. The new and updated material includes: empirical and theoretical analysis of the smile ...

Quantum finance

Path integrals and Hamiltonians for options and interest rates

This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers ...

Levy processes in finance

pricing financial derivatives

Financial mathematics has recently enjoyed considerable interest on account of its impact on the finance industry. In parallel, the theory of Lévy processes has also seen many exciting developments. These powerful modelling tools allow the user to model more complex phenomena, and are commonly applied ...