Trading at the speed of light

how ultrafast algorithms are transforming financial markets

In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation ...

Energy's digital future

harnessing innovation for American resilience and national security

Disruptive digital technologies are poised to reshape world energy markets. A new wave of industrial innovation, driven by the convergence of automation, artificial intelligence, and big data analytics, is remaking energy and transportation systems in ways that could someday end the age of oil. What ...

Justice is an option

a democratic theory of finance for the twenty-first century

More than ten years after the worst crisis since the Great Depression, the financial sector is thriving. But something is deeply wrong. Taxpayers bore the burden of bailing out “too big to fail” banks, but got nothing in return. Inequality has soared, and a populist ...

Elinor Ostrom and the Bloomington School

building a new approach to policy and the social sciences

Elinor Ostrom was the first woman to win the Nobel Prize in economics and her achievement has generated renewed interest in the Bloomington School research program in institutional economics and political economy. These new essays showcase Ostrom’s extensive and lasting influence throughout economics and ...

The economics of fishing

The fishing industry’s critical dependence on the natural environment makes it very different from other economic sectors. How it can optimally exploit a common resource while ensuring its sustainability raises many economic challenges. This book, suitable for undergraduate and postgraduate courses on fisheries economics ...

The price of football

understanding football club finance

The first edition of The Price of Football quickly established itself as the go-to guide to understanding football club finance for the serious fan. Kieran Maguire, one of the UK’s top football finance analysts, shows how professional clubs operate as businesses and explains, in ...

Reestructuración del sistema productivo español. Reflexiones y retos en la próxima pospandemia

(Revista Economistas, Nº 174, año 2021)

Este nuevo monográfico de la revista Economistas se presenta con la idea de poder contribuir a la necesaria reflexión que debe realizar la sociedad española sobre las posibilidades y focos de atención para poder salir de la crisis actual, con fortaleza y con el punto ...

Inefficient markets

an introduction to behavioral finance

The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach ...

Applied derivatives

options, futures, and swaps

Applied Derivatives provides a detailed, yet relatively non-technical, treatment of the conceptual foundations of derivative securities markets' pricing and investment principles. This book draws from the most fundamental concepts of pricing for options, futures, and swaps to provide insight into the potential risks and returns ...

Economía política clásica en Hegel

valor, capital y eticidad

Considerar a Hegel como lector e interlocutor crítico de la economía política clásica abre una serie de interrogantes metodológicos y teórico-prácticos a la fecha: ¿cuál es la relación del discurso filosófico con su presente sociohistórico?, ¿de qué manera se ha concebido la articulación economía-política, desde ...

La educación financiera ante un nuevo orden económico y social

Libro de Actas del Tercer Congreso de Educación Financiera de EDUFINET celebrado del 16 al 20 de noviembre de 2020

En este Libro de Actas se recogen los trabajos de los ponentes que participaron en el III Congreso de Educación Financiera de Edufinet, celebrado del 16 al 20 de noviembre de 2020.

Millennial money

cómo los jóvenes inversores pueden hacer crecer fortunas

A los millennials se les critica mucho. Se les acusa de no saber dónde van, de tener un comportamiento quijotesco e incluso de ser egoístas. Ahora bien, en lo que a su relación con el dinero respecta, estos jóvenes tan frecuentemente difamados desafían a su ...

Ivy Portfolio

imita a los fondos de las universidades de la Ivy League y evita los mercados bajistas

El “Ivy Portfolio” muestra paso a paso cómo rastrear e imitar las estrategias de inversión de las exitosas donaciones de Harvard y Yale. Utilizando las directrices de inversión de los fondos de las más prestigiosas universidades (la Ivy League) como guía, los autores ilustran cómo ...

The number bias

how numbers dominate our world and why that's a problem we need to fix

'The Number Bias combines vivid storytelling with authoritative analysis to deliver a warning about the way numbers can lead us astray - if we let them.' TIM HARFORD Even if you don't consider yourself a numbers person, you are a numbers person. The time has ...

Cryptocurrency

how digital money could transform finance

The past decade has seen the relentless rise of cryptocurrency as an alternative form of digital currency. But what precisely is it and what potential does it have to change the world of money? In this brilliantly clear, one-stop guide WIRED Senior Editor Gian Vopicelli ...

Mortgage-backed securities

products, structuring, and analytical techniques

The largest sector of the fixed–income market is the mortgage market. Understanding this market is critical for portfolio managers, as well as issuers who must be familiar with how these securities are structured. Mortgage–Backed Securities is a timely guide to the investment characteristics ...

The Handbook of Structured Finance

Stay On Top of Every Major Issue in the Structured Finance Marketand Learn Powerful New Models for Identifying, Measuring, Pricing, and Monitoring Your Deals The Handbook of Structured Finance is a complete guide to themajor issues facing investors in the structured finance market.Comprehensive and ...

Introduction to Private Equity

Introduction to Private Equity is a critical yet grounded guide to the private equity industry. Far more than just another introductory guide, the book blends academic rigour with practical experience to provide a critical perspective of the industry from a professional who has worked at ...

Real options analysis

tools and techniques for valuing strategic investments and decisions

Mun demystifies real options analysis and delivers a powerful, pragmatic guide for decision-makers and practitioners alike. Finally, there is a book that equips professionals to easily recognize, value, and seize real options in the world around them." --Jim Schreckengast, Senior VP, R&D Strategy, Gemplus International SA, France Completely revised and updated to meet the challenges of today's dynamic business environment, Real Options Analysis, Second Edition offers you a fresh look at evaluating capital investment strategies by taking the strategic decision-making process into consideration. This comprehensive guide provides both a qualitative and quantitative description of real options; the methods used ...

Interest rate models

an infinite dimensional stochastic analysis perspective

Interest Rate Models: an Infinite Dimensional Stochastic Analysis Perspective studies the mathematical issues that arise in modeling the interest rate term structure. These issues are approached by casting the interest rate models as stochastic evolution equations in infinite dimensions. The book is comprised of three ...