Unlike other books in fixed-income valuation, which are either too rig- orous but mathematically demanding, or easy-to-read but lacking in impor- tant details, our goal is to provide readability with sufficient rigor. In the first book, we give a basic introduction to various fixed-income securities and their derivatives. The principal focus of this book is on measuring and managing intere…
Years after the global financial crisis that broke out in 2007–2008, the industrial world’s economies are still growing too slowly to restore full employment. Emerging markets, despite impressive income gains in many cases, remain vulnerable to the ebb and flow of global capital. And finally, an acute economic crisis in the euro area has lasted since 2009, bringing the future of Europe…
This book has been written for all students of Cambridge IGCSE® and O Level Economics. It carefully and precisely follows the syllabus from Cambridge Assessment International Education. It provides the detail and guidance that are needed to support you throughout the course and help you prepare for your examinations. It will also be of great use to anyone who wants to learn more about the…
In its modern understanding, the word “statistics” was first used by German scientist Gottfried Achenwall who borrowed this word from the Italian language. During the Renaissance, a special course on the knowledge of policy was given the name ragione di stato or diciplina de statu and widely used in Italy. The words stato and statu mean “state” and are the origin of the German word…
In the early 1990s, I could not find a textbook from which to teach an Issues in Environmental Pollution course. So began the writing of class notes, added to by student concerns, misunderstandings, questions, and an ever-increasing volume of information on the issues. The result was the text, Understanding Environmental Pollution. It summarizes the basics of many pollution issues, using langua…
This book reflects the emerging role of securitization within the bond markets. For instance, the Collateralized Debt Obligation (CDO) market is a constant source of innovation. The low interest rate environment of the past few years and increasing number of downgrades in the corporate bond market has made the rating-resilient securitization issuance an at- tractive source of investment fo…
Panel data always have been at the center of econometric research and have been used extensively in applied economic research to refute a variety of hypotheses. The chapters in these two volumes represent, to a large extent, much of what has been accomplished in the profession during the last few years. Naturally, this is a selective presentation and many important topics have been left ou…
Readers will generally obtain the maximum benefit by studying the text from the beginning and working through it in order. It is intended that the reader builds from scratch the models that are shown, to reinforce the learning experience and to enhance practical skills. Of course, there may be areas which are already familiar to some readers, and which can be skim‐read. Nevertheless, the t…
This book is focused on the complex problem of controlling air pollution and mitigating its adverse effects on human health and the environment. It is written by leading experts in the field and addresses many aspects of air pollution, including monitoring and source characterization of air pollution, the theory and application of air quality modeling, health effects and risk assessment, air qu…
This book is about using data to understand how social media services are used. Since the advent of Web 2.0, sites and services that give their users the power to actively change and contribute to the services’ content have exploded in popularity. Social media finds its roots in early social networking and community communication services, including the bulletin board systems (BBS) of the 198…
We started working on this book more than 10 years ago after teaching courses on forecasting techniques at University of Aarhus, Denmark, and in Bertinoro, Italy, to groups of PhD students and assistant professors. Since then, we have developed the material through courses offered to participants at many institutions, including at CREATES (University of Aarhus), American University, Edhec, …
This book describes and explains my proprietary trading strategies, in- dicators, and methods developed over the past decade. Among my most treasured proprietary indicators are those derived from an ob- scure weekly U.S. government report, called the Commitments of Traders (COT). My approach to incorporating this data into my trading is the main topic discussed in this book.
Plastics are increasingly used in modern-day life due to their wide-ranging properties which can be used in a variety of applications. ‘Plastics Waste Management: Processing and Disposal’ is primarily written from an industrial point-of-view and relates waste management to understanding the correct processes for dealing with the growing issue of plastics waste. This book mainly focuses on p…
Economic Measurement, the theme for the set of papers published in this Volume, is of critical importance in a world where policymakers, businesses and individuals are increasingly reliant on evidence-based decision-making. Economic statistics such as the consumer price index (CPI), gross domestic product (GDP), per capita income and growth rates are used by the general public, as well as …
Facebook was the biggest social network in history. A stupendous, world-shaping success, with around two billion individual users across Facebook, Instagram and WhatsApp.
Fragmentation, the search for liquidity, and high-frequency traders: These are the realities of modern markets. Traditional models of market microstructure have studied the highly simplified interaction between an idealized market-maker or specialist and a stream of external orders that may come from noise traders or informed traders. In the modern marketplace, the market itself is replace…
There is a lot of material in this book from my first book, “Options: Perception and Deception” (OPD), which was geared towards professional Market Makers who provide liquidity to the markets by bidding and offering every strike and month. My second book, “Coulda Woulda Shoulda” (CWS) kept a lot of OPD, but added content necessary for retail investors because it was given to client…
Sales of the first two editions of this book surpassed expectations (at least those of the author). Almost all of those who have contacted the author seem to like the book, and while other textbooks have been published since in the broad area of financial econometrics, none are really at the introductory level. All of the motivations for the first edition, described below, seem just as impo…
Traditionally, investments textbooks tend to fall into one of two camps. The fi rst type has a greater focus on portfolio management and covers a signifi cant amount of portfolio theory. The second type is more concerned with security analysis and generally contains fairly detailed coverage of fundamental analysis as a tool for equity valuation. Today, most texts try to cover all the bases …
Hedge Funds For Dummies tells you what you need to know, whether you want to research an investment in hedge funds for yourself or for a pension, an endow- ment, or a foundation. I also give you information about investment theories and practices that apply to other types of investments so you can expand your portfo- lio. Even if you decide that hedge funds aren’t for you, you can inc…
During a recent visit to Paris, on my way to an important dinner appoint- ment, I was stuck in rush-hour traffic on the Champs Elysees. Despite efforts of looking for a way out of the misery, I was stuck, frustrated and powerless. . . . Traders and other financial market participant may experi- ence similar feelings of frustration when attempting to trade in an illiquid market. The flow of…