Artificial intelligence for asset management and investment

a strategic perspective

The rise of artificial intelligence is nothing short of a technological revolution. AI is poised to completely transform asset management and investment banking, yet its current application within the financial sector is limited and fragmented. Existing AI implementations tend to solve very narrow business issues ...

Big Data Science in Finance

Data science has fundamentally changed Wall Street—applied mathematics and software code are increasingly driving finance and investment-decision tools. Big Data Science in Finance examines the mathematics, theory, and practical use of the revolutionary techniques that are transforming the industry. Designed for mathematically-advanced students and ...

Fixed income trading and risk management

The Complete Guide

Fixed Income Trading and Risk Management: The Complete Guide delivers a comprehensive and innovative exposition of fixed income markets. Written by European Central Bank portfolio manager Alexander During, this book takes a practical view of how several different national fixed income markets operate in detail ...

Teoría del riesgo en seguros y finanzas

1. Modelos de riesgo en seguros

Teoría del riesgo en seguros y finanzas

2. Modelos de riesgo en finanzas

The Zurich Axioms

If you want to get rich, no matter how inexperienced you are in investment, this book can help you. Its message is that you must not avoid risk, nor court it foolhardily, but learn how to manage it - and enjoy it too. The 12 major ...

Contra los dioses

la extraordinaria historia del riesgo

Peter L. Bernstein (1919-2009), uno de los padres de las teorías modernas de modelización de riesgos, publicó en 1996 su libro Against the Gods: The remarkable story of risk, del que se vendieron más de un millón de ejemplares, convirtiéndose en un clásico en pocos ...

Basel accords, bank capital and portfolio risk behavior

With the endorsement of the Basel III contracts on the supervision of the banking industry, management of capital buffers throughout the business cycle have attained crucial importance for the reinforcement of financial stability in the banking system. This book departs from previous studies through its ...

La paradoja del riesgo

por qué la política económica tendrá que asumir más riesgos si quiere salvarnos de la próxima crisis

Durante décadas, los economistas han estado obsesionados con combatir la inflación, reducir los déficits públicos y desaconsejar a los inversores la asunción de riesgos excesivos. Pero, tras el estallido de la crisis de 2008, esta creencia ha quedado en entredicho. Ante el peor desastre económico ...

Nonparametric finance

Nonparametric function estimation is an important part of machine learning, which is becoming increasingly important in quantitative finance. Nonparametric Finance provides graduate students and finance professionals with a foundation in nonparametric function estimation and the underlying mathematics. Combining practical applications, mathematically rigorous presentation, and statistical ...

Fundamentals of risk management

understanding, evaluating and implementing effective risk management

This fifth edition of Fundamentals of Risk Management is a comprehensive introduction to commercial and business risk for students and risk professionals. Providing extensive coverage of the core frameworks of business continuity planning, enterprise risk management and project risk management, this is the definitive guide ...

Interest rate derivatives explained

Volume 2: term structure and volatility modelling

This book on Interest Rate Derivatives has three parts. The first part is on financial products and extends the range of products considered in Interest Rate Derivatives Explained I. In particular we consider callable products such as Bermudan swaptions or exotic derivatives. The second part ...

Riesgos de mercado

fundamentos, modelos y aplicaciones

En este libro se exponen los principales modelos de riesgo de mercado, desde los fundamentos estadísticos en los que se apoyan, las técnicas de estimación de los parámetros, hasta los métodos de contraste para testar la idoneidad de los modelos. El enfoque adoptado ha buscado ...

FinTech innovation

from robo-advisors to goal based investing and gamification

FinTech Innovation examines the rise of financial technology and its growing impact on the global banking industry. Wealth managers are standing at the epicenter of a tectonic shift, as the balance of power between offering and demand undergoes a dramatic upheaval. Regulators are pushing toward ...

Risky strategy

understanding risk to improve strategic decisions

What is risk? Is it a real danger or just an opportunity in disguise? Can it be out-manoeuvred or is it something to be embraced and worked with? When companies are developing their business strategies, risk may be mentioned in passing (and even then, frequently ...

Commodity markets

asset allocation, pricing and risk management

The increasing presence of investors and financial intermediaries in commodity markets, together with the huge increase in the volatility of commodity prices, have renewed the interest in commodities and commodity derivatives. In the last decade, a better understanding of the behavior of commodity prices and ...

Systemic risk

measures and determinants

This book studies the measurement and the determinants of systemic risk, paying special attention to the role of the Credit Default Swaps (CDSs) either as financial instruments containing valuable information about the soundness of the reference institutions or as a market whose distress contributes to ...

Valuation of derivative assets under cyclical mean-reversion processes for spot prices

This thesis studies the stochastic behaviour of interest rates and commodity prices, extending the existing literature by allowing the underlying state variable to capture any ossible seasonal or cyclical behaviour. In the first chapter, we propose a nuw model for the term structure of interest ...

Uncertainty, expectations, and financial instability

reviving allais's lost theory of psychological time

Eric Barthalon applies the neglected theory of psychological time and memory decay of Nobel Prize-winning economist Maurice Allais (1911-2010) to model investors' psychology in the present context of recurrent financial crises. Shaped by the behavior of the demand for money during episodes of hyperinflation, Allais ...

Portfolio management under stress

a bayesian-net approach to coherent asset allocation

Portfolio Management under Stress offers a novel way to apply the well-established Bayesian-net methodology to the important problem of asset allocation under conditions of market distress or, more generally, when an investor believes that a particular scenario (such as the break-up of the Euro) may ...