Exchange rates, interest rates and commodity prices

Quantitative analysis in financial markets

finance theory and asset-allocation arbitrage pricing and derivatives term-structure models algorithms for pricing and hedging

Risk management

value at risk and beyond

The use of derivative products in risk management has spread from commodities, stocks and fixed income items, to such virtual commodities as energy, weather and bandwidth. All this can give rise to so-called volatility and there has been a consequent development in formal risk management ...

Risk budgeting

portfolio problem solving with value-at-risk

Institutional investors and fund managers understand they must take risks to generate superior investment returns, but the question is how much risk. Enter the concept of risk budgeting, using quantitative risks measurements, including VaR, to solve the problem. VaR, or value at risk, is a ...

Investing in emerging fixed income markets

The fixed income markets in emerging countries represent new and potentially lucrative area of investment for professionals, but with greater risk. This fully updated and revised edition shows investors how to identify solid investment opportunities in these markets, assess the risk potential, and develop an ...

Handbook of global fixed income calculations

The most valuable guide to operating within the global fixed income securities arena This book provides comprehensive coverage of the calculations of price, accrued interest, yield measures, sensitivity measures, forward price, futures analytics, and more. The techniques described are relevant to any developed country in ...

Iceberg Risk

an adventure in portfolio theory

For all financial institutions, calculating day-to-day risk exposure is critical. The classic approach to minimizing the risk of catastrophe hitting a portfolio is to invest in a broad spectrum of assets. If one asset drops in value, another is likely to rise. But in today ...

Bear market investment strategies

Table of Contents Introduction Part I The Bear Background Overview History of Bear Markets Part II Economic Setting for Bear Markets Guideposts for Bear Markets Globalization, Terrorism, and Foreign Investment Part III Structure of Bear Markets Secondary Reactions Bear Market Legs Part IV Tools for ...

Measuring market risk

Table of Contents Preface The Risk Measurement Revolution Measures of Financial Risk Basic Issues in Measuring Market Risk Nonparametric VaR and ETL Parametric VaR and ETL Simulation Approaches to the Estimation of VaR and ETL Lattice Approaches to the Estimation of VaR and ETL Incremental ...

Monte Carlo Methods in finance

This text on financial Monte Carlo methods covers topics on: mathematics behind Monte Carlo methods; correlation normal, log- normal and other processes; applications in risk management option pricing; value at risk; various reduction techniques; low discrepency numbers; and quantitative research. Table of Contents The mathematics ...

Adequate decision rules for portfolio choice problems

The author presents the theory of portfolio choice from a new perspective, recommending decision rules that have advantages over those currently used in theory and practice. Portfolio choice theory relies on expected values. Goodall argues that this dependence has a historical basis and argues that ...

Strategy, value and risk-the real options approach

reconciling innovation, strategy and value management

In the 1990s shareholder value was applied to all aspects of corporate strategy and management decisions as a result of intense competition, globalization, advances in technology, deregulation and the financial markets. As we enter the 21st Century the business environment is one of increasing creative ...

If it´s raining in Brazil, buy Starbucks

the investor's guide to profiting from news and other market-moving events

Global financial markets are part of a much larger world, a world of fluid government policies, political unrest, and other unpredictable forces. If Its Raining in Brazil, Buy Starbucks quantifies how far-reaching factors affect stock prices, and how investors can trade more effectively by understanding ...

The fundamentals of risk measurement

A famous example of risk management gone wrong - in 1998, Long Term Capital Management (LTCM), a hedge fund, had bet heavily that any Russian default would have a correlated currency devaluation, which LTCM could use as a hedge. The devaluation didn't happen, LTCM lost ...

Exchange rates and international financial markets

an asset-theoretic perspective with schumpeterian innovation

This book poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. In a unique approach the subject is analysed from an asset holder's perspective and Streissler takes the reader through an authoritative and wide-ranging study including: *Friedman's ...

Wages of crime

black markets, illegal finance, and the underworld economy

R. T. Naylor specializes in the study of smuggling, black markets, and international financial crime. Wages of Crime takes the reader into the shadowy underworld of modern criminal business--arms trafficking, gold smuggling, money laundering, and terrorist financing. Naylor dissects the schemes by which illegal entrepreneurs ...

The man who made Wall Street

Anthony J. Drexel and the rise of modern finance

He tamed the market's bulls and bears. "He was the best friend I have ever had in every way."—J. P. Morgan It was the height of the Gilded Age and J. Pierpont Morgan controlled the fate of railroads, corporations, and governments. The wealthy ...

Cómo vender productos y servicios financieros

En el sector financiero, cada día es más difícil, y por ello más importante, estar preparado para convencer al cliente de que nuestra empresa ofrece el mejor producto o servicio del mercado. De una forma clara, sencilla y concisa, este libro transmite las técnicas de ...

Experimental economics

how we can build better financial markets

In a little more than thirty years, the field of experimental economics has gone from obscurity to international recognition with the presentation of the 2002 Nobel Prize in Economics to Vernon L. Smith, who took a classroom exercise he saw as a Harvard graduate student ...

The force of finance

triumph of the capital markets

Reuven Brenner looks at the challenges and opportunities facing the world and provides a strong case that open capital markets, if they are allowed to happen, bring about defacto democracy - the United States in particular, but also in Latin America and Russia. He shows that ...