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Finance - Concordia University Libraries Recent Acquisitions

Titles in the call number range HG (Finance) that were added to the Concordia University Libraries collection in the last 60 days.


  • Bank 4.0 : banking everywhere, never at a bank / Brett King
    HG1616.C87

    The future of banking is already here -- are you ready?

    Bank 4.0 explores the radical transformation already taking place in banking, and follows it to its logical conclusion. What will banking look like in 30 years? 50 years? The world's best banks have been forced to adapt to changing consumer behaviors; regulators are rethinking friction, licensing and regulation; Fintech start-ups and tech giants are redefining how banking fits in the daily life of consumers. To survive, banks are having to develop new capabilities, new jobs and new skills. The future of banking is not just about new thinking around value stores, payment and credit utility -- it's embedded in voice-based smart assistants like Alexa and Siri and soon smart glasses which will guide you on daily spending and money decisions. The coming Bank 4.0 era is one where either your bank is embedded in your world via tech, or it no longer exists.

    In this final volume in Brett King's BANK series, we explore the future of banks amidst the evolution of technology and discover a revolution already at work. From re-engineered banking systems, to selfie-pay and self-driving cars, Bank 4.0 proves that we're not on Wall Street anymore. Bank 4.0 will help you:

    Understand the historical precedents that flag a fundamental rethinking in banking Discover low-friction, technology experiences that undermine the products we sell today Think through the evolution of identity, value and assets as cash and cards become obsolete Learn how Fintech and tech "disruptors" are using behaviour, psychology and technology to reshape the economics of banking Examine the ways in which blockchain, A.I., augmented reality and other leading-edge tech are the real building blocks of the future of banking systems

    If you look at individual technologies or startups disrupting the space, you might miss the biggest signposts to the future and you might also miss that most of we've learned about banking the last 700 years just isn't useful.

    When the biggest bank in the world isn't any of the names you'd expect, when branch networks are a burden not an asset, and when advice is the domain of Artificial Intelligence, we may very well have to start from scratch. Bank 4.0 takes you to a world where banking will be instant, smart and ubiquitous, and where you'll have to adapt faster than ever before just to survive. Welcome to the future.


  • GARCH models : structure, statistical inference and financial applications / Christian Francq, Jean-Michel Zakoian
    HG106

    Provides a comprehensive and updated study of GARCH models and their applications in finance, covering new developments in the discipline

    This book provides a comprehensive and systematic approach to understanding GARCH time series models and their applications whilst presenting the most advanced results concerning the theory and practical aspects of GARCH. The probability structure of standard GARCH models is studied in detail as well as statistical inference such as identification, estimation, and tests. The book also provides new coverage of several extensions such as multivariate models, looks at financial applications, and explores the very validation of the models used.

    GARCH Models: Structure, Statistical Inference and Financial Applications, 2nd Edition features a new chapter on Parameter-Driven Volatility Models, which covers Stochastic Volatility Models and Markov Switching Volatility Models. A second new chapter titled Alternative Models for the Conditional Variance contains a section on Stochastic Recurrence Equations and additional material on EGARCH, Log-GARCH, GAS, MIDAS, and intraday volatility models, among others. The book is also updated with a more complete discussion of multivariate GARCH; a new section on Cholesky GARCH; a larger emphasis on the inference of multivariate GARCH models; a new set of corrected problems available onli≠ and an up-to-date list of references.

    Features up-to-date coverage of the current research in the probability, statistics, and econometric theory of GARCH models Covers significant developments in the field, especially in multivariate models Contains completely renewed chapters with new topics and results Handles both theoretical and applied aspects Applies to researchers in different fields (time series, econometrics, finance) Includes numerous illustrations and applications to real financial series Presents a large collection of exercises with corrections Supplemented by a supporting website featuring R codes, Fortran programs, data sets and Problems with corrections

    GARCH Models, 2nd Edition is an authoritative, state-of-the-art reference that is ideal for graduate students, researchers, and practitioners in business and finance seeking to broaden their skills of understanding of econometric time series models.


  • Mapping the risks and risk management practices in Islamic banking / Wael Kamal Eid, Mehmet Asutay
    HG3368.A6
    Deep, insightful analysis of controversial risk managementissues in Islamic banking

    Mapping the Risks And Risk Management Practices In IslamicBanking is a comprehensive analysis of the current state ofrisk management practices within the Islamic banking industry, withrecommendations for policy makers, bankers, and industrystakeholders. Going beyond the academic, this book presents theopinions and perceptions of industry financiers and bankers,alongside primary information and data collected by Islamic financeprofessionals to deconstruct and analyze the sector's current riskmanagement practices. You'll get up to date on the latest attitudesand trends, and delve into the current issues surrounding riskmanagement in Islamic banks. With a focus on practicalapplications, this authoritative guide discusses the unique risksfacing Islamic banks, from the perspective of a wide range ofpractitioners.

    Risk management is one of the biggest, most controversial issuesin Islamic finance, yet it remains under-researched. Manyuncertainties exist for which the answers are still unclear, yetwill play a large role in shaping the industry's future. This bookdigs deep into current ideas and practices to discover what's beingdone, what needs to be done, and what needs to stop happening tokeep the future of Islamic finance strong.

    Explore both Islamic and traditional attitudes toward risk Examine current Islamic risk management practices Understand the latest industry issues and trends Consider the diverse range of risks unique to the Islamicbanking sector

    Effective risk management in Islamic banking deserves priorityattention. Unless the industry develops its own genuine riskmanagement architecture, it cannot achieve its full potential andthe viability needed for a more resilient financial system than thedebunked Wall Street model. Mapping the Risks and RiskManagement Practices in Islamic Banking provides a deep,authoritative analysis of where the industry is today and where itneeds to develop.


  • Portfolio management : theory and practice / Scott D. Stewart, Christopher D. Piros, Jeffrey C. Heisler
    HG4529.5

    A career's worth of portfolio management knowledge in one thorough, efficient guide

    Portfolio Management is an authoritative guide for those who wish to manage money professionally. This invaluable resource presents effective portfolio management practices supported by their underlying theory, providing the tools and instruction required to meet investor objectives and deliver superior performance. Highlighting a practitioner's view of portfolio management, this guide offers real-world perspective on investment processes, portfolio decision making, and the business of managing money for real clients. Real world examples and detailed test cases--supported by sophisticated Excel templates and true client situations--illustrate real investment scenarios and provide insight into the factors separating success from failure. The book is an ideal textbook for courses in advanced investments, portfolio management or applied capital markets finance. It is also a useful tool for practitioners who seek hands-on learning of advanced portfolio techniques.

    Managing other people's money is a challenging and ever-evolving business. Investment professionals must keep pace with the current market environment to effectively manage their client's assets while students require a foundation built on the most relevant, up-to-date information and techniques. This invaluable resource allows readers to:

    Learn and apply advanced multi-period portfolio methods to all major asset classes. Design, test, and implement investment processes. Win and keep client mandates. Grasp the theoretical foundations of major investment tools

    Teaching and learning aids include:

    Easy-to-use Excel templates with immediately accessible tools. Accessible PowerPoint slides, sample exam and quiz questions and sample syllabi Video lectures

    Proliferation of mathematics in economics, growing sophistication of investors, and rising competition in the industry requires advanced training of investment professionals. Portfolio Management provides expert guidance to this increasingly complex field, covering the important advancements in theory and intricacies of practice.


  • Reading financial reports for dummies / by Lita Epstein
    HG4028.B2

    Reading Financial Reports For Dummies, 3rd Edition (9781119543954) was previously published as Reading Financial Reports For Dummies, 3rd Edition (9781118761939). While this version features a new Dummies cover and design, the content is the same as the prior release and should not be considered a new or updated product.

    Discover how to decipher financial reports

    Especially relevant in today's world of corporate scandals and new accounting laws, the numbers in a financial report contain vitally important information about where a company has been and where it is going.

    Packed with new and updated information, Reading Financial Reports For Dummies, 3rd Edition gives you a quick but clear introduction to financial reports-and how to decipher the information in them.

    New information on the separate accounting and financial reporting standards for private/small businesses versus public/large businesses New content to match SEC and other governmental regulatory changes New information about how the analyst-corporate connection has actually changed the playing field The impact of corporate communications and new technologies New examples that reflect current trends Updated websites and resources

    Reading Financial Reports For Dummies is for investors, traders, brokers, managers, and anyone else who is looking for a reliable, up-to-date guide to reading financial reports effectively.


  • Personal finance for dummies / by Eric Tyson
    HG179

    Take stock of your financial situation

    From budgeting, saving, and reducing debt, to making timely investment choices and planning for the future, Personal Finance For Dummies provides fiscally conscious readers with the tools they need to take charge of their financial life.

    This new edition includes coverage of an extensive new tax bill that took effect in 2018 and the impact on individuals, families, small businesses, and on real estate and investing decisions. Plus, it covers emerging investing interests like technology and global investing, cryptocurrencies, pot stocks, the lifestyle changes occurring with millennials, and more.

    Evaluate and manage your financial fitness Assess your credit report and improve your score Make smart investments in any economic environment Find out about international investing

    The expert advice offered in Personal Finance For Dummies is for anyone looking to ensure that their finances are on the right track--and to identify the areas in which they can improve their financial strategies.


  • The conceptual foundations of investing : a short book of need-to-know essentials / Bradford Cornell, Shaun Cornell, Andrew Cornell
    HG4521

    The need-to-know essentials of investing

    This book explains the conceptual foundations of investing to improve investor performance. There are a host of investment mistakes that can be avoided by such an understanding. One example involves the trade-off between risk and return. The trade-off seems to imply that if you bear more risk you will have higher long-run average returns. That conclusion is false. It is possible to bear a great deal of risk and get no benefit in terms of higher average return.

    Understanding the conceptual foundations of finance makes it clear why this is so and, thereby, helps an investor avoid bearing uncompensated risks. Another choice every investor has to make is between active versus passive investing. Making that choice wisely requires understanding the conceptual foundations of investing.

    * Instructs investors willing to take the time to learn all of the concepts in layman's terms

    * Teaches concepts without overwhelming readers with math

    * Helps you strengthen your portfolio

    * Shows you the fundamental concepts of active investing

    The Conceptual Foundations of Investing is ultimately for investors looking to understand the science behind successful investing.


  • Financial instrument pricing using C++ / Daniel J. Duffy
    HG4515.2
    An integrated guide to C++ and computational finance

    This complete guide to C++ and computational finance is a follow-up and major extension to Daniel J. Duffy's 2004 edition of Financial Instrument Pricing Using C++ . Both C++ and computational finance have evolved and changed dramatically in the last ten years and this book documents these improvements. Duffy focuses on these developments and the advantages for the quant developer by:

    Delving into a detailed account of the new C++11 standard and its applicability to computational finance. Using de-facto standard libraries, such as Boost and Eigen to improve developer productivity. Developing multiparadigm software using the object-oriented, generic, and functional programming styles. Designing flexible numerical algorithms: modern numerical methods and multiparadigm design patterns. Providing a detailed explanation of the Finite Difference Methods through six chapters, including new developments such as ADE, Method of Lines (MOL), and Uncertain Volatility Models. Developing applications, from financial model to algorithmic design and code, through a coherent approach. Generating interoperability with Excel add-ins, C#, and C++/CLI. Using random number generation in C++11 and Monte Carlo simulation.

    Duffy adopted a spiral model approach while writing each chapter of Financial Instrument Pricing Using C++ 2e : analyse a little, design a little, and code a little. Each cycle ends with a working prototype in C++ and shows how a given algorithm or numerical method works. Additionally, each chapter contains non-trivial exercises and projects that discuss improvements and extensions to the material.

    This book is for designers and application developers in computational finance, and assumes the reader has some fundamental experience of C++ and derivatives pricing.

    HOW TO RECEIVE THE SOURCE CODE

    Once you have purchased a copy of the book please send an email to the author dduffyATdatasim.nl requesting your personal and non-transferable copy of the source code. Proof of purchase is needed. The subject of the mail should be "C++ Book Source Code Request". You will receive a reply with a zip file attachment.


  • Machine learning for finance : principles and practice for financial insiders / Jannes Klaas
    HG104
    A guide to advances in machine learning for financial professionals, with working Python code Key Features Explore advances in machine learning and how to put them to work in financial industries Clear explanation and expert discussion of how machine learning works, with an emphasis on financial applications Deep coverage of advanced machine learning approaches including neural networks, GANs, and reinforcement learning Book Description Machine Learning for Finance explores new advances in machine learning and shows how they can be applied across the financial sector, including in insurance, transactions, and lending. It explains the concepts and algorithms behind the main machine learning techniques and provides example Python code for implementing the models yourself. The book is based on Jannes Klaas' experience of running machine learning training courses for financial professionals. Rather than providing ready-made financial algorithms, the book focuses on the advanced ML concepts and ideas that can be applied in a wide variety of ways. The book shows how machine learning works on structured data, text, images, and time series. It includes coverage of generative adversarial learning, reinforcement learning, debugging, and launching machine learning products. It discusses how to fight bias in machine learning and ends with an exploration of Bayesian inference and probabilistic programming. What you will learn Apply machine learning to structured data, natural language, photographs, and written text How machine learning can detect fraud, forecast financial trends, analyze customer sentiments, and more Implement heuristic baselines, time series, generative models, and reinforcement learning in Python, scikit-learn, Keras, and TensorFlow Dig deep into neural networks, examine uses of GANs and reinforcement learning Debug machine learning applications and prepare them for launch Address bias and privacy concerns in machine learning Who this book is for This book is ideal for readers who understand math and Python, and want to adopt machine learning in financial applications. The book assumes college-level knowledge of math and statistics.

  • Target funding : a proven system to get the money & resources you need to start or grow your business / Kedma Ough
    HG4027.7
    Discover the targeted funding and resources available to support YOUR small business or idea







    Target Funding ensures that the struggle to obtain funds will never again come between you and your dreams.




    Too often, great business ideas fail to see the light of day because the entrepreneur doesn't know how to secure the funding he or she needs. Until now. Target Funding proves you don't need to be one of these would-be business owners or inventors. No matter what your idea might be, there is funding available to build a solid business or invention around it. Target Funding helps you obtain this and more--even if you have faced bankruptcy, exhausted all avenues, or feel like you are at your wit's end.




    Kedma Ough is one of today's most respected authorities on business funding and entrepreneurship and this practical guide reveals how to locate and secure the necessary funds and resources you need to launch, stabilize, or grow your business dream. She will open your eyes to the vast array of opportunities you didn't know existed--and provides special insight into beneficial sources before you're even left the gate.




    Target Funding takes you on a deep dive into:




    * The wide range of funding options available for any startup, including un-bankable ventures and independent inventors

    * Hundreds of vetted funding sources detailing features and eligibility requirements

    * A winning process for matching funding opportunities with your specific needs

    * Step-by-step guidance on how to approach funding sources, win them over, and convince them to provide the money you need

    * Real-life business funding stories that will motivate you to act




    You'll learn about all the options available to you, including conventional, alternative, and diversity funding. You'll find out how to access all of them based on your needs, demographic, industry, location, and other variables.




    Get started on your dream venture today! With Target Funding , you have a proven business-funding strategy to lift your company or invention off the ground and become a sustainable profit machine.





  • Swing trading for dummies / by Omar Bassal
    HG4529

    Increase profit and limit risk with swing trading basics

    Swing trading is all about riding the momentum of brief price changes in trending stocks. Although it can be risky, swing trading is popular for a reason, and Swing Trading For Dummies, 2nd Edition, will show you how to manage the risk and navigate the latest markets to succeed at this lucrative trading strategy.

    In this updated edition, you'll find expert guidance on new accounting rules, the 2018 tax law, trading in international markets, algorithmic trading, and more. Plus, learn about the role social media now plays in moving asset prices, and how you can tap into online trends to ride price swings.

    Understand money management, journal keeping, and strategy planning Focus on fundamental analysis to increase your chance of success Evaluate companies to screen for under- or overvalued stocks Develop and implement your trading plan and calculate performance

    Starting from the basic differences between swing trading and other trading styles and progressing through plain-English explanations of more advanced topics like charts and reporting standards, Swing Trading For Dummies will help you maintain and grow your assets with swing trading in any market!


  • Actuarial finance : derivatives, quantitative models and risk management / Mathieu Boudreault and Jean-François Renaud
    HG 8781 B68 2019

    A new textbook offering a comprehensive introduction to models and techniques for the emerging field of actuarial Finance

    Drs. Boudreault and Renaud answer the need for a clear, application-oriented guide to the growing field of actuarial finance with this volume, which focuses on the mathematical models and techniques used in actuarial finance for the pricing and hedging of actuarial liabilities exposed to financial markets and other contingencies. With roots in modern financial mathematics, actuarial finance presents unique challenges due to the long-term nature of insurance liabilities, the presence of mortality or other contingencies and the structure and regulations of the insurance and pension markets.

    Motivated, designed and written for and by actuaries, this book puts actuarial applications at the forefront in addition to balancing mathematics and finance at an adequate level to actuarial undergraduates. While the classical theory of financial mathematics is discussed, the authors provide a thorough grounding in such crucial topics as recognizing embedded options in actuarial liabilities, adequately quantifying and pricing liabilities, and using derivatives and other assets to manage actuarial and financial risks.

    Actuarial applications are emphasized and illustrated with about 300 examples and 200 exercises. The book also comprises end-of-chapter point-form summaries to help the reader review the most important concepts. Additional topics and features include:

    Compares pricing in insurance and financial markets Discusses event-triggered derivatives such as weather, catastrophe and longevity derivatives and how they can be used for risk management; Introduces equity-linked insurance and annuities (EIAs, VAs), relates them to common derivatives and how to manage mortality for these products Introduces pricing and replication in incomplete markets and analyze the impact of market incompleteness on insurance and risk management; Presents immunization techniques alongside Greeks-based hedging; Covers in detail how to delta-gamma/rho/vega hedge a liability and how to rebalance periodically a hedging portfolio.

    This text will prove itself a firm foundation for undergraduate courses in financial mathematics or economics, actuarial mathematics or derivative markets. It is also highly applicable to current and future actuaries preparing for the exams or actuary professionals looking for a valuable addition to their reference shelf.

    As of 2019, the book covers significant parts of the Society of Actuaries' Exams FM, IFM and QFI Core, and the Casualty Actuarial Society's Exams 2 and 3F. It is assumed the reader has basic skills in calculus (differentiation and integration of functions), probability (at the level of the Society of Actuaries' Exam P), interest theory (time value of money) and, ideally, a basic understanding of elementary stochastic processes such as random walks.


  • Game-theoretic foundations for probability and finance / Glenn Ray Shafer, Vladimir Vovk
    HG 176.5 S53 2019

    Game-theoretic probability and finance come of age

    Glenn Shafer and Vladimir Vovk's Probability and Finance , published in 2001, showed that perfect-information games can be used to define mathematical probability. Based on fifteen years of further research, Game-Theoretic Foundations for Probability and Finance presents a mature view of the foundational role game theory can play. Its account of probability theory opens the way to new methods of prediction and testing and makes many statistical methods more transparent and widely usable. Its contributions to finance theory include purely game-theoretic accounts of Ito's stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory.

    Game-Theoretic Foundations for Probability and Finance is a book of research. It is also a teaching resource. Each chapter is supplemented with carefully designed exercises and notes relating the new theory to its historical context.

    Praise from early readers

    "Ever since Kolmogorov's Grundbegriffe , the standard mathematical treatment of probability theory has been measure-theoretic. In this ground-breaking work, Shafer and Vovk give a game-theoretic foundation instead. While being just as rigorous, the game-theoretic approach allows for vast and useful generalizations of classical measure-theoretic results, while also giving rise to new, radical ideas for prediction, statistics and mathematical finance without stochastic assumptions. The authors set out their theory in great detail, resulting in what is definitely one of the most important books on the foundations of probability to have appeared in the last few decades." - Peter Grünwald, CWI and University of Leiden

    "Shafer and Vovk have thoroughly re-written their 2001 book on the game-theoretic foundations for probability and for finance. They have included an account of the tremendous growth that has occurred since, in the game-theoretic and pathwise approaches to stochastic analysis and in their applications to continuous-time finance. This new book will undoubtedly spur a better understanding of the foundations of these very important fields, and we should all be grateful to its authors." - Ioannis Karatzas, Columbia University


  • Operational risk modeling in financial services : the exposure, occurrence, impact method / Patrick Naim, Laurent Condamin
    HG 173 N35 2019

    Transform your approach to oprisk modelling with a proven, non-statistical methodology

    Operational Risk Modeling in Financial Services provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade's use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk modelling played an instrumental role in reshaping their oprisk modelling approaches; in this book, the expert team that developed this methodology offers practical, in-depth guidance on XOI use and applications for a variety of major risks.

    The Basel Committee has dismissed statistical approaches to risk modelling, leaving regulators and practitioners searching for the next generation of oprisk quantification. The XOI method is ideally suited to fulfil this need, as a calculated, coordinated, consistent approach designed to bridge the gap between risk quantification and risk management. This book details the XOI framework and provides essential guidance for practitioners looking to change the oprisk modelling paradigm.

    Survey the range of current practices in operational risk analysis and modelling Track recent regulatory trends including capital modelling, stress testing and more Understand the XOI oprisk modelling method, and transition away from statistical approaches Apply XOI to major operational risks, such as disasters, fraud, conduct, legal and cyber risk

    The financial services industry is in dire need of a new standard -- a proven, transformational approach to operational risk that eliminates or mitigates the common issues with traditional approaches. Operational Risk Modeling in Financial Services provides practical, real-world guidance toward a more reliable methodology, shifting the conversation toward the future with a new kind of oprisk modelling.


  • Operational risk management : best practices in the financial services industry / Ariane Chapelle
    HG173

    The Authoritative Guide to the Best Practices in Operational Risk Management

    Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field.

    The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers.

    Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge.


  • Analysing and interpreting the yield curve / Moorad Choudhry
    HG4651

    Understand and interpret the global debt capital markets

    Now in a completely updated and expanded edition, this is a technical guide to the yield curve, a key indicator of the global capital markets and the understanding and accurate prediction of which is critical to all market participants. Being able to accurately and timely predict the shape and direction of the curve permits practitioners to consistently outperform the market.

    Analysing and Interpreting the Yield Curve, 2nd Edition describes what the yield curve is, explains what it tells participants, outlines the significance of certain shapes that the curve assumes and, most importantly, demonstrates what factors drive it and how it is modelled and used.

    Covers the FTP curve, the multi-currency curve, CSA, OIS-Libor and 3-curve models Gets you up to speed on the secured curve Describes application of theoretical versus market curve relative value trading Explains the concept of the risk-free rate Accessible demonstration of curve interpolation best-practice using cubic spline, Nelson-Siegel and Svensson 94 models

    This advanced text is essential reading for traders, asset managers, bankers and financial analysts, as well as graduate students in banking and finance.


  • Private debt : opportunities in corporate direct lending / Stephen L. Nesbitt
    HG4521

    The essential resource for navigating the growing direct loan market

    Private Debt: Opportunities in Corporate Direct Lending provides investors with a single, comprehensive resource for understanding this asset class amidst an environment of tremendous growth. Traditionally a niche asset class pre-crisis, corporate direct lending has become an increasingly important allocation for institutional investors--assets managed by Business Development Company structures, which represent 25% of the asset class, have experienced over 600% growth since 2008 to become a $91 billion market. Middle market direct lending has traditionally been relegated to commercial banks, but onerous Dodd-Frank regulation has opened the opportunity for private asset managers to replace banks as corporate lenders; as direct loans have thus far escaped the low rates that decimate yield, this asset class has become an increasingly attractive option for institutional and retail investors.

    This book dissects direct loans as a class, providing the critical background information needed in order to work effectively with these assets.

    Understand direct lending as an asset class, and the different types of loans available Examine the opportunities, potential risks, and historical yield Delve into various loan investment vehicles, including the Business Development Company structure Learn how to structure a direct loan portfolio, and where it fits within your total portfolio

    The rapid rise of direct lending left a knowledge gap surrounding these nontraditional assets, leaving many investors ill-equipped to take full advantage of ever-increasing growth. This book provides a uniquely comprehensive guide to corporate direct lending, acting as both crash course and desk reference to facilitate smart investment decision making.


  • Volatility : practical options theory / by Adam S. Iqbal
    HG6024.A3

    Gain a deep, intuitive and technical understanding of practical options theory

    The main challenges in successful options trading are conceptual, not mathematical. Volatility: Practical Options Theory provides financial professionals, academics, students and others with an intuitive as well as technical understanding of both the basic and advanced ideas in options theory to a level that facilitates practical options trading. The approach taken in this book will prove particularly valuable to options traders and other practitioners tasked with making pricing and risk management decisions in an environment where time constraints mean that simplicity and intuition are of greater value than mathematical formalism.

    The most important areas of options theory, namely implied volatility, delta hedging, time value and the so-called options greeks are explored based on intuitive economic arguments alone before turning to formal models such as the seminal Black-Scholes-Merton model. The reader will understand how the model free approach and mathematical models are related to each other, their underlying theoretical assumptions and their implications to level that facilitates practical implementation.

    There are several excellent mathematical descriptions of options theory, but few focus on a translational approach to convert the theory into practice. This book emphasizes the translational aspect, while first building an intuitive, technical understanding that allows market makers, portfolio managers, investment managers, risk managers, and other traders to work more effectively within--and beyond--the bounds of everyday practice.

    Gain a deeper understanding of the assumptions underlying options theory Translate theoretical ideas into practice Develop a more accurate intuition for better time-constrained decision making

    This book allows its readers to gain more than a superficial understanding of the mechanisms at work in options markets. Volatility gives its readers the edge by providing a true bedrock foundation upon which practical knowledge becomes stronger.


  • Effective statistical learning methods for actuaries. Michel Denuit, Donatien Hainaut, Julien Trufin
    HG 8781 D46 2019eb

  • Compliance norms in financial institutions : measures, case studies and best practices / Tomasz Braun
    HG173

  • Risk-return relationship and portfolio management / Raj S. Dhankar
    HG 4529.5 D53 2019eb

  • Solutions to financial economics : exercises on classical and behavioral finance / Thorsten Hens, Marc Oliver Rieger
    HG173

  • Financial ecosystem : the role of finance in achieving sustainability / Stayajit Bose, Guo Dong, Anne Simpson
    HG4523

  • Global issues in banking and finance : 4th International Conference on Banking and Finance Perspectives / Nesrin Ozatac, Korhan K. Gokmenoglu, editors
    HG1521

  • Derivatives and Internal Models Modern Risk Management / by Hans-Peter Deutsch, Mark W. Beinker
    HG6024.A3

  • International trade finance : a pragmatic approach / Tarsem Bhogal, Arun Trivedi
    HG3753

  • The consequences of short-sale constraints on the stability of financial markets / Gevorg Hunanyan ; with a foreword by Axel Wieandt and Sebastian Moenninghoff
    HG6041

  • Fintech and Islamic finance : digitalization, development and disruption / Nafis Alam, Lokesh Gupta, Abdolhossein Zameni
    HG 187.4 A43 2019eb

  • The impact of digital transformation and FinTech on the finance professional / Volker Liermann, Claus Stegmann, editors
    HG 101 I46 2019eb

  • Islamic monetary economics and institutions : theory and practice / Muhamed Zulkhibri, Turkhan Ali Abdul Manap, Aishath Muneeza, editors
    HG187.4

  • The lords of creation, by Frederick Lewis Allen
    HG 181 A57 1966

  • Money and banking in the Chinese Mainland / Katharine H.Y. Huang Hsiao
    HG 1285 H73 1984

  • Australian monetary and fiscal policy; selected readings
    HG 1395 R85

  • Monetary policy for stable growth [by] E. Victor Morgan
    HG 939.5 M67 1966

  • Home mortgage delinquency and foreclosure / John P. Herzog and James S. Earley
    HG 2040.5 U5H46

  • Studies in Indian financial system / by V.A. Avadhani
    HG 188 I6A94

  • Demand for money in Canada, 1947 to 1970 / by John Charles Goveia
    HG 255 G6+

  • Finansovyĭ kapital; issledovanie noveĭsheĭ fazy v razvitii kapitalizma. Perevod s nemet︠s︡kogo I.I. Stepanova-Skvort︠so︡va
    HG 173 H525 1959

  • Open market operations [by Paul Meek
    HG 2563 F3 1964

  • Essays in financial economics / edited by Rita Biswas and Michael Michaelides
    HG 4523 E87 2019eb
    This volume, dedicated to John W. Kensinger, explores a variety of topics in financial economics, including firm growth, investment risks, and the profitability of the banking industry. With its global perspective, Essays in Financial Economics is a valuable addition to the bookshelf of any researcher in finance.
    Starting with a study examining the NYMEX Crude oil market, the first paper uses a no-arbitrage futures equilibrium cost-of-carry model that incorporates both the quality delivery option as well as the timing delivery option in the NYMEX contract. This is followed by two papers focusing on the growth of firms, one looking at a sample of S&P 500 firms in the US and one utilising a sample of firms from India's manufacturing sector.
    The fourth paper compares the Fama-French (FF) five-factor model for firms on the Paris Bourse with the four-factor model, exploring how the fifth factor, investment risk premium, benefits the French stock market in comparison with the profitability factor (the fourth factor). The fifth paper examines the volatility of the Indian stock market, while the sixth looks at the Italian banking industry. Closing the volume is a paper that looks at the relationship between the US Dollar Index and several emerging stock market indices using Granger Causality tests.

  • The contested moralities of markets / edited by Simone Schiller-Merkens and Philip Balsiger
    HG 181 C66 2019eb
    Moral struggles in and around markets abound in contemporary societies where marketshave become the dominant form of economic coordination. The present volumeadvances our current understanding of markets by highlighting the sources,processes and outcomes of moral struggles in and around markets. It traces thecreation, reproduction and change of underlying moral orders and reveals therole of status and power differentials, alliances and political strategies aswell as the general cultural, social and political contexts in which thestruggles unfold. The contributions to this volume reflect the 'moral turn' thatcan currently be observed in organization studies and economic sociology, andconnect to recent developments in the sociology of morality.

  • The case for people's quantitative easing / Frances Coppola
    HG 230.3 C67 2019eb

    In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, and poured it into financial markets. 'Quantitative Easing' (QE) was supposed to prevent deflation and restore economic growth.

    But the money didn't go to ordinary people: it went to the rich, who didn't need it. It went to big corporations and banks - the same banks whose reckless lending caused the crash. This led to a decade of stagnation, not recovery. QE failed.

    In this book, Frances Coppola makes the case for a 'people's QE', in which the money goes directly to ordinary people and small businesses. She argues that it is the fairest and most effective way of restoring crisis-hit economies and helping to solve the long-term challenges of ageing populations, automation and climate change.


  • Corporate controller's manual : 1990 Update with cumulative index / editor, Paul J. Wendell
    HG 4027.3 C67 1989,Suppl

  • International financial markets. edited by Julien Chevallier [and four others]
    HG 3881 I494 2019

    This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance, mathematics & stochastics, international macroeconomics and financial econometrics.

    International Financial Markets: Volume I provides a key repository on the current state of knowledge, the latest debates and recent literature on international financial markets. Against the background of the "financialization of commodities" since the 2008 sub-primes crisis, section one contains recent contributions on commodity and financial markets, pushing the frontiers of applied econometrics techniques. The second section is devoted to exchange rate and current account dynamics in an environment characterized by large global imbalances. Part three examines the latest research in the field of meta-analysis in economics and finance.

    This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.


  • Financial mathematics, volatility and covariance modelling. edited by Julien Chevallier [and four others]
    HG 106 F566 2019eb

    This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance, mathematics & stochastics, international macroeconomics and financial econometrics.

    Financial Mathematics, Volatility and Covariance Modelling: Volume 2 provides a key repository on the current state of knowledge, the latest debates and recent literature on financial mathematics, volatility and covariance modelling. The first section is devoted to mathematical finance, stochastic modelling and control optimization. Chapters explore the recent financial crisis, the increase of uncertainty and volatility, and propose an alternative approach to deal with these issues. The second section covers financial volatility and covariance modelling and explores proposals for dealing with recent developments in financial econometrics

    This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.


  • A guide to financing mechanisms in international business transactions / by Sang Man Kim
    HG 4027.5 K56 2019eb

  • Zoloto v sisteme kapitalizma posle vtoroĭ mirovoĭ voĭny / F.I. Mikhalevskiĭ
    HG 289 M48

  • The greenbacks and resumption of specie payments, 1862-1879, by Don C. Barrett
    HG 604 B3 1965

  • Effective statistical learning methods for actuaries I : GLMs and extensions / by Michel Denuit, Donatien Hainaut, Julien Trufin
    HG8781

  • Grey and white hulls an international analysis of the Navy-Coastguard Nexus / Ian Bowers, Swee Lean Collin Koh, editors
    HG50

  • Financial speculation and fictitious profits a marxist analysis / Gustavo Moura de Cavalcanti Mello, Mauricio de Souza Sabadini, editors
    HG6015

  • Strategy, value and risk industry dynamics and advanced financial management / Jamie Rogers
    HG6024.A3

  • Demystifying China's stock market the hidden logic behind the puzzles / Eric Girardin, Zhenya Liu
    HG5782

  • Money and banking in Africa Joshua Yindenaba Abor, Agyapomaa Gyeke-Dako, Vera Ogeh Fiador, Elikplimi Komla Agbloyor, Mohammed Amidu, Lord Mensah
    HG3374

  • Mining, money and markets in the early modern Atlantic : digital approaches and new perspectives / Renate Pieper, Claudia de Lozanne Jefferies, Markus Denzel, editors
    HG 301 M56 2019

  • La inflación argentina
    HG 815 G3

  • La inflación argentina
    HG 815 G3

  • The investment process, as characterized by leading life insurance companies
    HG 8850 W3

  • Analysing and interpreting the yield curve / Moorad Choudhry ; with contributions from Polina Bardaeva [and 4 others]
    HG 4651 C6793 2019

    Understand and interpret the global debt capital markets

    Now in a completely updated and expanded edition, this is a technical guide to the yield curve, a key indicator of the global capital markets and the understanding and accurate prediction of which is critical to all market participants. Being able to accurately and timely predict the shape and direction of the curve permits practitioners to consistently outperform the market.

    Analysing and Interpreting the Yield Curve, 2nd Edition describes what the yield curve is, explains what it tells participants, outlines the significance of certain shapes that the curve assumes and, most importantly, demonstrates what factors drive it and how it is modelled and used.

    Covers the FTP curve, the multi-currency curve, CSA, OIS-Libor and 3-curve models Gets you up to speed on the secured curve Describes application of theoretical versus market curve relative value trading Explains the concept of the risk-free rate Accessible demonstration of curve interpolation best-practice using cubic spline, Nelson-Siegel and Svensson 94 models

    This advanced text is essential reading for traders, asset managers, bankers and financial analysts, as well as graduate students in banking and finance.


  • Money : myths, truths and alternatives Mary Mellor
    HG 221 M455 2019
    It's been called the root of all evil, and many other things besides, but what exactly does money mean ? Where does it come from, and how does it work? In this book, Mary Mellor seeks to answer these questions, examining the social, political, and commercial history of money. Mellor debunks a number of received notions as little more than longstanding myths, like the idea that money is in short supply and needs to always come from somewhere. She also moves beyond merely setting straight the record on money: she lays out a radical framework for restructuring our current financial systems. Arguing that money's immense social value means that its creation and circulation should be a matter of democratic choice, Mellor advocates for a system that is driven more heavily by concerns for the environment and gender equality, musing that perhaps one day, money could become the root of all good.

  • Macroeconomic shocks and unconventional monetary policy : impacts on emerging markets / edited by Naoyuki Yoshino, Pornpinun Chantapacdepong, Matthias Helble
    HG 1202 M33 2019
    Barely two decades after the Asian financial crisis Asia was suddenly confronted with multiple challenges originating outside the region: the 2008 global financial crisis, the European debt crisis, and finally developed economies' implementation of unconventional monetary policies. The implementation of quantitative easing, ultra-low interest rate policies, and negative interest rate policies by a number of large central banks has given rise to concerns overfinancial stability and international capital flows. Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets explains how shocks stemming from the global financial crisis haveaffected macroeconomic and financial stability in emerging Asia. Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets brings together the most up-to-date knowledge impacts of recent macroeconomic shocks on Asia's real economy; the spillover effects of macroeconomic shocks on financial markets and flows in Asia; and key challenges for monetary, exchange rate, trade and macro prudential policies of developing Asian economies. It isauthored by experts in the field of international macroeconomics from leading academic institutions, central banks, and international organizations including the International Monetary Fund, the Bank forInternational Settlement, and the Asian Development Bank Institute.

  • The sociology of debt / edited by Mark Featherstone
    HG 3701 S593 2019
    The Sociology of Debt considers the lived experience of being in debt as well as the more nebulous processes of global finance, showing how debt functions at both micro- and macroeconomic levels. Featherstone links the problem of debt to the terminal condition of a system premised on deferral and projection into the future with the looming portent of apocalyptic system collapse and eventual rebirth. This book includes contributions from a range of authors in a variety of disciplines who approach debt from holistic perspectives, providing accounts that span both social scientific as well as economic analysis.

  • A research agenda for financial inclusion and microfinance / edited by Marek Hudon, Solvay Brussels School of Economics and Management, CERMi-Université Libre de Bruxelles, Belgium, Marc Labie, Warocqué School of Business and Economics, CERMi-Université de Mons, Belgium, Ariane Szafarz, Solvay Brussels School of Economics and Management, CERMi-Université Libre de Bruxelles, Belgium
    HG 178.3 R47 2019
    Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.How can financial services, such as credit, deposit accounts, financial transfers, and insurance be provided to people in need? This challenging and complex issue has been a topic of interest for the international aid community for decades. Drawing on renowned experts in microfinance and financial inclusion, this Research Agenda sheds much-needed light on this multifaceted challenge and points the way ahead for future research.Providing a critical and multidisciplinary approach to research in microfinance and financial inclusion, the authors provide a state-of-the-art overview of current scholarly knowledge on the provision of financial services to disadvantaged populations worldwide. Reviewing the literature on the subject from the fields of economics, management science and development studies, they discuss the limitations and challenges of current research and chart avenues for future developments.With its fascinating insights, this Research Agenda will be of interest to students of finance and economics, development, and business and management, as well as researchers with a specific interest in microfinance and financial inclusion.

  • Money, inflation and business cycles : the Cantillon effect and the economy / Arkadiusz Sieroń
    HG 221 S575 2019eb

    Who would disagree that money matters? Economists have yet to sufficiently explore issues related to monetary inflation in relation to the Cantillon effect, i.e. distribution and price effects resulting from uneven changes in the money supply and their impact on the economy.

    This book fills this important gap in the existing literature. The author classifies the various channels through which new money can be injected into the economy and demonstrates that it is not only the increase in money supply that is important, but also the way in which it occurs. Since the increase in money supply does not affect the cash balance of all economic entities in the same proportion and at the same time - new money is introduced into the economy through specific channels - a distribution of income and changes in the structure of relative prices and production occur.

    The study of money supply growth, carried out in the spirit of Richard Cantillon, offers an important analytical framework that facilitates the development of a number of sub-disciplines within economics and provides a better understanding of many economic processes. It significantly explores the theory of money and inflation, the business cycle and price bubbles, but also the theory of banking and central banking, income distribution, income and wealth inequalities, and the theory of public choice.

    This book is therefore an important voice in the fundamental debate on the role of monetary factors in the economy, as well as on the effects and legitimacy of a loose monetary policy. In 2017, the doctoral dissertation on which the book is based was awarded the Polish Prime Minister's prize. In these times of non-standard monetary policy and rising income inequalities in OECD countries, the focus on the distribution effect of monetary inflation makes this a must read for researchers and policy-makers and for anyone working in monetary economics.

    This title was translated from Polish by Martin Turnau.


  • Management by seclusion : a critique of World Bank promises to end global poverty / Glynn Cochrane
    HG 3881.5 W57C64 2019

    50 years ago, World Bank President Robert McNamara promised to end poverty. Alleviation was to rely on economic growth, resulting in higher incomes stimulated by Bank loans processed by deskbound Washington staff, trickling down to the poorest. Instead, child poverty and homelessness are on the increase everywhere. In this book, anthropologist and former World Bank Advisor Glynn Cochrane argues that instead of Washington's "management by seclusion," poverty alleviation requires personal engagement with the poorest by helpers with hands-on local and cultural skills. Here, the author argues, the insights provided by anthropological fieldwork have a crucial role to play.


  • VC : an American history / Tom Nicholas
    HG 4751 N525 2019

    A major exploration of venture financing, from its origins in the whaling industry to Silicon Valley, that shows how venture capital created an epicenter for the development of high-tech innovation.

    VC tells the riveting story of how the industry arose from the United States' long-running orientation toward entrepreneurship. Venture capital has been driven from the start by the pull of outsized returns through a skewed distribution of payoffs--a faith in low-probability but substantial financial rewards that rarely materialize. Whether the gamble is a whaling voyage setting sail from New Bedford or the newest startup in Silicon Valley, VC is not just a model of finance that has proven difficult to replicate in other countries. It is a state of mind exemplified by an appetite for risk-taking, a bold spirit of adventure, and an unbridled quest for improbable wealth through investment in innovation.

    Tom Nicholas's history of the venture capital industry offers readers a ride on the roller coaster of setbacks and success in America's pursuit of financial gain.


  • Stay the course : the story of Vanguard and the index revolution / John C. Bogle
    HG 4530 B636 2019

    A journey through the Index Revolution from the man who started it all

    Stay the Course is the story the Vanguard Group as told by its founder, legendary investor John C. Bogle. This engrossing book traces the history of Vanguard--the largest mutual fund organization on earth.

    Offering the world's first index mutual fund in 1976, John Bogle led Vanguard from a $1.4 billion firm with a staff of 28 to a global company of 16,000 employees and with more than $5 trillion in assets under management. An engaging blend of company history, investment perspective, and personal memoir, this book provides a fascinating look into the mind of an extraordinary man and the company he created.

    John Bogle continues to be an inspiring and trusted figure to millions of individual investors the world over. His creative innovation, personal integrity, and stubborn determination infuse every aspect of the company he founded. This accessible and engaging book will help you:

    Explore the history of some of Vanguard's most important mutual funds, including First Index Investment Trust, Wellington Fund, and Windsor Fund Understand how the Vanguard Group gave rise to the Index Revolution and transformed the lives of millions of individual investors Gain insight on John Bogle's views on values such as perseverance, caring, commitment, integrity, and fairness Investigate a wide range of investing topics through the lens of one of the most prominent figures in the history of modern finance

    The Vanguard Group and John Bogle are inextricably linked--it would be impossible to tell one story without the other. Stay the Course: The Story of Vanguard and the Index Revolution weaves these stories together taking you on a journey through the history of one revolutionary company and one remarkable man. Investors, wealth managers, financial advisors, business leaders, and those who enjoy a good story, will find this book as informative and unique as its author.


  • The rise of finance : causes, consequences and cures / V. Anantha Nageswaran, Gulzar Natarajan
    HG 173 N244 2019
    Financialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US dollar and American economy, has resulted in the globalisation of finance. This book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counter-point to the canonical ideas of analysing financial market dynamics and financial globalisation. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic cycle, and a mandate to focus on financial stability as much as price stability.

  • Islamic corporate finance / edited by M. Kabir Hassan, Mamunur Rashid and Sirajo Aliyu
    HG 4259 I85 2019

    Most existing texts covering topics in Islamic finance discuss the potential of Islamic banking; very few talk about other forms of financing and the investment activities of Islamic firms from the standpoint of owners and managers. This book fills this gap by looking at the traditional as well as non-traditional financing and investment activities of shariah -compliant companies.

    The chapters in this edited text offer a full range of topics on corporate finance for Islamic firms, including global comparisons of shariah screening, dividend policy and capital structure of Islamic firms, details of global Islamic equity markets, trends and performance of sukuk markets, and a brief account of derivative securities that can be used in Islamic finance. This is a useful reference for anyone who wishes to learn more about the performance of shariah-compliant companies vis-à-vis conventional firms. The book includes both technical and non-technical information that would be suitable for classroom teaching as well as a reference for postgraduate research students.

    s. The book includes both technical and non-technical information that would be suitable for classroom teaching as well as a reference for postgraduate research students.

  • How finance works : the HBR guide to thinking smart about the numbers / Mihir A. Desai
    HG 173 D433 2019
    Based on a popular class taught by a Harvard Business School professor.

    If you're not a numbers person, then finance can be intimidating and easy to ignore. But if you want to advance in your career, you'll need to make smart financial decisions and develop the confidence to clearly communicate those decisions to others.

    In How Finance Works , Mihir Desai--a professor at Harvard Business School and author of The Wisdom of Finance --guides you into the complex but endlessly fascinating world of finance, demystifying it in the process.

    Through entertaining case studies, interactive exercises, full-color visuals, and a conversational style that belies the topic, Professor Desai tackles a broad range of topics that will give you the knowledge and skills you need to finally understand how finance works. These include:

    How different financial levers can affect a company's performance The different ways in which companies fund their operations and investments Why finance is more concerned with cash flow than profits How value is created, measured, and maximized The importance of capital markets in helping companies grow

    Whether you're a student or a manager, an aspiring CFO or an entrepreneur, How Finance Works is the colorful and interactive guide you need to help you start thinking more deeply about the numbers.


  • Automating finance : infrastructures, engineers, and the making of electronic markets / Juan Pablo Pardo-Guerra, University of California, San Diego
    HG 173 P35 2019
    Trading floors are a thing of the past. Thanks to a combination of computers, high-speed networks and algorithms, millions of financial transactions now happen in fractions of a second. This book studies the automation of stock markets in the United Kingdom and the United States of America, identifying the invisible actors, devices, and politics that were central to the creation of electronic trading. In addition to offering a detailed account of how stock exchanges wrestled with technology, the book also invites readers to rethink the nature of markets in modern societies. Markets, it argues, are sites for the creation of relations, and in studying how these relations changed through technology, the book highlights the sources, dynamics, and consequences of automation. In this respect, the book is both a history of automation in finance and a sociological analysis of the way in which automation gradually changed the lives and work of key financial actors.

  • The art of currency trading : a professional's guide to the foreign exchange market / Brent Donnelly
    HG 3851 D66 2019

    Now you can master the art of foreign exchange trading

    While most currency trading and foreign exchange books focus on international finance theory or simplistic chart-based strategies, The Art of Currency Trading is a comprehensive guide that will teach you how to profitably trade currencies in the real world . Author Brent Donnelly has been a successful interbank FX trader for more than 20 years and in this book, he shares the specific strategies and tactics he has used to profit in the forex marketplace.

    The book helps investors understand and master foreign exchange trading in order to achieve sustainable long-term financial success. The book builds in intensity and depth one topic at a time, starting with the basics and moving on to intermediate then advanced setups and strategies. Whether you are new to currency trading or have years of experience, The Art of Currency Trading provides the information you need to learn to trade like an expert. This much-needed guide provides:

    an insider's view of what drives currency price movements; a clear explanation of how to combine macro fundamentals, technical analysis, behavioral finance and diligent risk management to trade successfully; specific techniques and setups you can use to make money trading foreign exchange; and steps you can take to better understand yourself and improve your trading psychology and discipline.

    Written for currency traders of all skill levels, international stock and bond investors, corporate treasurers, commodity traders, and asset managers, The Art of Currency Trading offers a comprehensive guide to foreign exchange trading written by a noted expert in the field.


  • Taking the floor : models, morals, and management in a Wall Street trading room / Daniel Beunza
    HG 4930.5 B48 2019

    Debates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured--organizational culture matters as well. Based on extensive research in a Wall Street derivatives-trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging and troubling influence on Wall Street. How have models reshaped financial markets? How have models altered moral behavior in organizations?

    Beunza takes readers behind the scenes in a bank unit that, within its firm, is widely perceived to be "a class act," and he considers how this trading room unit might serve as a blueprint solution for the ills of Wall Street's unsustainable culture. Beunza demonstrates that the integration of traders across desks reduces the danger of blind spots created by models. Warning against the risk of moral disengagement posed by the use of models, he also contends that such disengagement could be avoided by instituting moral norms and social relations.

    Providing a unique perspective on a complex subject, Taking the Floor profiles what an effective, responsible trading room can and should look like.


  • Finance and financial intermediation : a modern treatment of money, credit, and banking / Harold L. Cole
    HG 173 C663 2019
    The financial system is a densely interconnected network of financial intermediaries, facilitators, and markets that serves three major purposes: allocating capital, sharing risks, and facilitating intertemporal trade. Asset prices are an important mechanism in each of these phenomena. Capitalallocation, whether through loans or other forms of investment, can vary both across sectors - at the broadest, manufactures, agriculture, and services - and within sectors, for example different firms. The risk that various investors are willing to take reflects their financial position andalternative opportunities. Risk and asset allocation are also influenced by whether money, and especially its expenditure, is more important now or in the future. These decisions are all influenced by governmental policies. When there are mismatches, the results include financial meltdowns, fiscaldeficits, sovereign debt, default and debt crises.Harold Cole provides a broad overview of the financial system and assets pricing, covering history, institutional detail, and theory. The book begins with an overview of financial markets and their operation and then covers asset pricing for standard assets and derivatives, and analyzes what modernfinance says about firm behavior and capital structure. It then examines theories of money, exchange rates, electronic payments methods, and cryptocurrencies. After exploring banks and other forms of financial intermediation, the book examines the role they played in the Great Recession. Havingprovided an overview of the provate sector, Cole switches to public finance and government borrowing as well as the incentives to monetize the public debt and its consequences. The book closes with an examination of sovereign debt crises and an analysis of their various forms.Finance and financial intermediation are central to modern economies. This book covers all of the material a sophisticated economist needs to know about this area.

  • Should we abolish household debts? / Johnna Montgomerie
    HG 3701 M626 2019

    We live in a culture of credit. As wages have stagnated, we've seen a dramatic surge in private borrowing across the western world; increasing numbers of households are sucked into a hopeless vortex of spiralling debt, fuelled by exploitative lending.

    In this book Johnna Montgomerie argues that the situation is chronically dysfunctional, both individually and collectively. She shows that abolishing household debts can put an end to austerity and to the unsustainable forward march of debt-dependent growth. She combines astute economic analysis with the elements of an accessible guide to practical policy solutions such as extending unconventional monetary policy to the household sector, providing pragmatic and affordable refinancing options, and writing off the most pernicious elements of household debt. This framework, she contends, can help us to make our economy fairer and to tackle both the housing crisis and accelerating inequality.


  • Securitisation swaps : a practitioner handbook / Mark Aarons, Vlad Ender, Andrew Wilkinson
    HG 6024 A3A2325 2019

    Develop the skillset essential to successful securitisation swaps management

    Securitisation Swaps is a complete practitioner's guide to this unique and complex class of derivatives. This detailed examination follows the entire life cycle of securitisation swaps to give quants, structurers, traders, originators, issuers and lawyers a common reference for understanding their shared objective. Broad in scope to provide a common-ground perspective -- yet detailed enough to promote full understanding -- the discussion takes a distinctly cross-disciplinary approach that encompasses the multi-faceted knowledge base required to successfully execute these complex trades.

    Despite the fact that the size of the market is trillions of dollars in notional principal, securitisation swaps have thus far been neglected in both academic and practitioner literature. The numerous stakeholders that work together on these complex deals will all greatly benefit from a thorough understanding of their underlying risks and gain deep insight into the perspectives of each stakeholder. This invaluable guide provides multi-disciplinary insight that allows practitioners to:

    Manage securitisation swaps more effectively, from pre-trade structuring and modelling to post-trade risk management and accounting Understand the elements of securitisation and covered bonds, and how swaps mitigate risk in these types of transactions Explore how securitisation swaps differ from other derivatives and delve into their three specific risk factors -- swap prepayment risk, swap extension risk and downgrade risk Learn practical methods and strategies of risk management, accounting, pricing and transaction execution

    When securitisation trades go wrong, they become front-page news -- but when each participant understands accurate modelling, risk mitigation, optimal structuring, costs, pricing, commercial backgrounds and other integral practices, they are able to work together to achieve a shared objective. Securitisation Swaps provides the essential knowledge that streamlines and safeguards these important trades.


  • Operational risk modeling in financial services : the exposure, occurrence, impact method / Patrick Naim, Laurent Condamin
    HG 173 N25 2019

    Transform your approach to oprisk modelling with a proven, non-statistical methodology

    Operational Risk Modeling in Financial Services provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade's use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk modelling played an instrumental role in reshaping their oprisk modelling approaches; in this book, the expert team that developed this methodology offers practical, in-depth guidance on XOI use and applications for a variety of major risks.

    The Basel Committee has dismissed statistical approaches to risk modelling, leaving regulators and practitioners searching for the next generation of oprisk quantification. The XOI method is ideally suited to fulfil this need, as a calculated, coordinated, consistent approach designed to bridge the gap between risk quantification and risk management. This book details the XOI framework and provides essential guidance for practitioners looking to change the oprisk modelling paradigm.

    Survey the range of current practices in operational risk analysis and modelling Track recent regulatory trends including capital modelling, stress testing and more Understand the XOI oprisk modelling method, and transition away from statistical approaches Apply XOI to major operational risks, such as disasters, fraud, conduct, legal and cyber risk

    The financial services industry is in dire need of a new standard -- a proven, transformational approach to operational risk that eliminates or mitigates the common issues with traditional approaches. Operational Risk Modeling in Financial Services provides practical, real-world guidance toward a more reliable methodology, shifting the conversation toward the future with a new kind of oprisk modelling.


  • Game-theoretic foundations for probability and finance / Glenn Shafer, Rutgers University, New Jersey, USA, Vladimir Vovk, University of London, Surrey, UK
    HG 176.5 S53 2019

    Game-theoretic probability and finance come of age

    Glenn Shafer and Vladimir Vovk's Probability and Finance , published in 2001, showed that perfect-information games can be used to define mathematical probability. Based on fifteen years of further research, Game-Theoretic Foundations for Probability and Finance presents a mature view of the foundational role game theory can play. Its account of probability theory opens the way to new methods of prediction and testing and makes many statistical methods more transparent and widely usable. Its contributions to finance theory include purely game-theoretic accounts of Ito's stochastic calculus, the capital asset pricing model, the equity premium, and portfolio theory.

    Game-Theoretic Foundations for Probability and Finance is a book of research. It is also a teaching resource. Each chapter is supplemented with carefully designed exercises and notes relating the new theory to its historical context.

    Praise from early readers

    "Ever since Kolmogorov's Grundbegriffe , the standard mathematical treatment of probability theory has been measure-theoretic. In this ground-breaking work, Shafer and Vovk give a game-theoretic foundation instead. While being just as rigorous, the game-theoretic approach allows for vast and useful generalizations of classical measure-theoretic results, while also giving rise to new, radical ideas for prediction, statistics and mathematical finance without stochastic assumptions. The authors set out their theory in great detail, resulting in what is definitely one of the most important books on the foundations of probability to have appeared in the last few decades." - Peter Grünwald, CWI and University of Leiden

    "Shafer and Vovk have thoroughly re-written their 2001 book on the game-theoretic foundations for probability and for finance. They have included an account of the tremendous growth that has occurred since, in the game-theoretic and pathwise approaches to stochastic analysis and in their applications to continuous-time finance. This new book will undoubtedly spur a better understanding of the foundations of these very important fields, and we should all be grateful to its authors." - Ioannis Karatzas, Columbia University


  • Firefighting : the financial crisis and its lessons / Ben S. Bernanke, Timothy F. Geithner, and Henry M. Paulson, Jr
    HG 540 B47 2019
    From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to where we are now.

    In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. Recognizing that, as Ben put it, "the enemy is forgetting," they examine the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. And they provide to their successors in the United States and the finance ministers and central bank governors of other countries a valuable playbook for reducing the damage from future financial crises. Firefighting provides a candid and powerful account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress.

  • Banking on freedom : black women in U.S. finance before the New Deal / Shennette Garrett-Scott
    HG 181 G357 2019
    Between 1888 and 1930, African Americans opened more than a hundred banks and thousands of other financial institutions. In Banking on Freedom , Shennette Garrett-Scott explores this rich period of black financial innovation and its transformative impact on U.S. capitalism through the story of the St. Luke Bank in Richmond, Virginia: the first and only bank run by black women.

    Banking on Freedom offers an unparalleled account of how black women carved out economic, social, and political power in contexts shaped by sexism, white supremacy, and capitalist exploitation. Garrett-Scott chronicles both the bank's success and the challenges this success wrought, including extralegal violence and aggressive oversight from state actors who saw black economic autonomy as a threat to both democratic capitalism and the social order. The teller cage and boardroom became sites of activism and resistance as the leadership of president Maggie Lena Walker and other women board members kept the bank grounded in meeting the needs of working-class black women. The first book to center black women's engagement with the elite sectors of banking, finance, and insurance, Banking on Freedom reveals the ways gender, race, and class shaped the meanings of wealth and risk in U.S. capitalism and society.
Updated: Saturday 14 December 2019
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