Financial Trading and Investing, Second Edition, delivers the most current information on trading and market microstructure for undergraduate and master's students. Without demanding a background in econometrics, it explores alternative markets and highlights recent regulatory developments, implementations, institutions and debates. New explanations of controversial trading tactics (and blunders), such as high-frequency trading, dark liquidity pools, fat fingers, insider trading, and flash orders emphasize links between the history of financial regulation and events in financial markets. New sections on valuation and hedging techniques, particularly with respect to fixed income and derivatives markets, accompany updated regulatory information. In addition, new case studies and additional exercises are included on a website that has been revised, expanded and updated. Combining theory and application, the book provides the only up-to-date, practical beginner's introduction to today's investment tools and markets. - Concentrates on trading, trading institutions, markets and the institutions that facilitate and regulate trading activities - Introduces foundational topics relating to trading and securities markets, including auctions, market microstructure, the roles of information and inventories, behavioral finance, market efficiency, risk, arbitrage, trading technology, trading regulation and ECNs - Covers market and technology advances and innovations, such as execution algo trading, Designated Market Makers (DMMs), Supplemental Liquidity Providers (SLPs), and the Super Display Book system (SDBK)
From the field's leading authority, the most authoritative and comprehensive advanced-level textbook on asset pricing In Financial Decisions and Markets, John Campbell, one of the field’s most respected authorities, provides a broad graduate-level overview of asset pricing. He introduces students to leading theories of portfolio choice, their implications for asset prices, and empirical patterns of risk and return in financial markets. Campbell emphasizes the interplay of theory and evidence, as theorists respond to empirical puzzles by developing models with new testable implications. The book shows how models make predictions not only about asset prices but also about investors’ financial positions, and how they often draw on insights from behavioral economics. After a careful introduction to single-period models, Campbell develops multiperiod models with time-varying discount rates, reviews the leading approaches to consumption-based asset pricing, and integrates the study of equities and fixed-income securities. He discusses models with heterogeneous agents who use financial markets to share their risks, but also may speculate against one another on the basis of different beliefs or private information. Campbell takes a broad view of the field, linking asset pricing to related areas, including financial econometrics, household finance, and macroeconomics. The textbook works in discrete time throughout, and does not require stochastic calculus. Problems are provided at the end of each chapter to challenge students to develop their understanding of the main issues in financial economics. The most comprehensive and balanced textbook on asset pricing available, Financial Decisions and Markets is an essential resource for all graduate students and practitioners in finance and related fields. Integrated treatment of asset pricing theory and empirical evidence Emphasis on investors’ decisions Broad view linking the field to financial econometrics, household finance, and macroeconomics Topics treated in discrete time, with no requirement for stochastic calculus Forthcoming solutions manual for problems available to professors
Upon his retirement from active service as a Justice of the Supreme Court of Virginia in 2011, Justice Koontz had completed more than four decades of service to citizens of the Commonwealth of Virginia. In order to recognize that service and help preserve Justice Koontz's legacy as one of the outstanding jurists in Virginia and the United States, the Salem/Roanoke County Bar Association instituted this project to collect all of Justice Koontz's published opinions, both from his tenure as a Justice of the Supreme Court and as an inaugural member of the Court of Appeals of Virginia. The second volume to be produced by the Opinions Project includes opinions, concurrences and dissents authored by Justice Koontz during the majority of his second four-year term as Chief Judge of the Court of Appeals. This volume includes the opinions addressing the contempt citations brought against the United Mine Workers during the 1989-1990 Pittston Coal Strike.
World War II was the biggest and most destructive war in history. For two centuries wars had grown ever larger, with the use of more terrible weapons and rising casualties, culminating in the cataclysmic global events of 1939–45. And then, quite suddenly, large international wars have all but disappeared. What caused wars to grow in size to such an extent and then shrink so precipitously? Is this a permanent state of affairs or could big wars make a comeback? Lawyer and historian John P Storey explores these questions by looking at the evolution of military technology and tactics over the long history of warfare. From ancient bronze spears and chariots to World War II tanks and warplanes, from the nuclear weapons of the Cold War to the drones and robotics of the future, the changes in our methods of waging war has had, and will continue to have, a major impact on their size and destructiveness. The sobering conclusion Storey makes is that, based on past trends and the weapons in the pipeline for the future, there is a much higher risk of there being much bigger wars in the coming decades.
The importance of entrepreneurship as an engine for innovation, economic growth, job creation and wealth especially in the context of Sub-Saharan Africa cannot be overemphasized. Entrepreneurship in Sub-Saharan Africa examines the socio-cultural, global, economic, financial, political, infrastructure and organizational contexts of entrepreneurship in Sub-Saharan Africa. Second, the book presents a strategic management approach for the management of entrepreneurial and small business ventures in the region. Written with a focus on theory and practice, the book is suitable for undergraduate and graduate courses in business and management studies and as a reference tool for practicing and prospective entrepreneurs, small business owners and economic change agents. Keywords: Entrepreneurship, Small Business Management, Sub-Saharan Africa, Strategic Management, Marketing, Globalization, Business Plan, Socio-cultural, financial, political, institutional, infrastructure and organizational contexts. Number of pages: 684
This reference book provides information on 24,000 Confederate soldiers killed, wounded, captured or missing at the Battle of Gettysburg. Casualties are listed by state and unit, in many cases with specifics regarding wounds, circumstances of casualty, military service, genealogy and physical descriptions. Detailed casualty statistics are given in tables for each company, battalion and regiment, along with brief organizational information for many units. Appendices cover Confederate and Union hospitals that treated Southern wounded and Federal prisons where captured Confederates were interned after the battle. Original burial locations are provided for many Confederate dead, along with a record of disinterments in 1871 and burial locations in three of the larger cemeteries where remains were reinterred. A complete name index is included.
Crafting and Executing Strategy has been revised and updated specifically with its European readers in mind. Building upon the success of previous editions, it continues to explain the core concepts and key theories in strategy and illustrate them with practical, managerial examples students can really relate to. Brand new features have been developed to encourage readers to go beyond learning and to apply their knowledge to from a diverse range of real-life scenarios including global brands, SMEs, public sector and not-for-profit organizations.
This book holds that the demand for insurance is best understood, not by focusing on risk preferences, but by focusing on the additional income, the states of the world that trigger the income transfer from the insurer, and the value of income (and consumption) in those states. It is unlikely that demand can be understood if the analyst limits the gain from insurance to coverage of the uninsured loss alone. It is also unlikely that the demand can be understood if the analyst limits the analysis to a movement along a static "risk averse" utility or value function, rather than acknowledging that a shift of this function, and thus in the utility or value of additional income, often coincides with the occurrence of the event that triggers the payout"--
Many economic problems are also ethical problems: should we value economic equality? how much should we care about preserving the environment? how should medical resources be divided between saving life and enhancing life? This book examines some of the practical issues that lie between economics and ethics, and shows how utility theory can contribute to ethics. John Broome's work has, unusually, combined sophisticated economic and philosophical expertise, and Ethics Out of Economics brings together some of his most important essays, augmented with an updated introduction. The first group of essays deals with the relation between preference and value, the second with various questions about the formal structure of good, and the concluding section with the value of life. This work is of interest and importance for both economists and philosophers, and shows powerfully how economic methods can contribute to moral philosophy.
The need for evidence-based practice in mental health services is becoming clearer by the day and, until recently, the trend of emphasizing services with supporting empirical evidence has been almost exclusively limited to a focus on treatment options. A Guide to Assessments That Work fills a void in the professional literature by addressing the critical role that assessment plays in providing evidence-based mental health services. To optimize its usefulness to readers, this volume addresses the assessment of the most commonly encountered disorders or conditions among children, adolescents, adults, older adults, and couples. Strategies and instruments for assessing mood disorders, anxiety disorders, couple distress and sexual problems, health-related problems, and many other conditions are also covered in depth. With a focus throughout on assessment instruments that are feasible, psychometrically sound, and useful for typical clinical requirements, a rating system has been designed to provide evaluations of a measure's norms, reliability, validity, and clinical utility. Standardized tables summarize this information in each chapter, providing essential information on the most scientifically sound tools available for a range of assessment needs. Using the tools provided in A Guide to Assessments That Work, readers can at a glance determine the possible suitability and value of each instrument for their own clinical purposes. This much needed resource equips readers with the knowledge necessary for conducting the best evidence-based mental health assessments currently possible.
In this book, John P. Burkett presents microeconomics as an evolving science, interacting with mathematics, psychology, and other disciplines and offering solutions to a growing range of practical problems. The book shows how early contributors such as Xenophon, Ibn Khaldun, and David Hume posed the normative and positive questions central to microeconomics. It expounds constrained optimization techniques, as developed by economists and mathematicians from Daniel Bernoulli to Leonid Kantorovich, emphasizing their value in deriving norms of rational behavior and testable hypotheses about typical behavior. Applying these techniques, the book introduces partial equilibrium analysis of particular markets and general equilibrium analysis of market economies. The book both explains how laboratory and field experiments are used in testing economic hypotheses and provides materials for classroom experiments. It gives extensive and innovative coverage of recent findings in cognitive psychology and behavioral economics, which not only document behavior inconsistent with some traditional theories, but also advance positive theories with superior predictive power.
The Scribner Writers Series has set the standard for literary reference for more than 25 years. In addition to addressing the lives and careers of important writers, the articles discuss the themes and styles of major works and place them in pertinent historical, social and political contexts for today's readers. Novelists, playwrights, essayists, poets, short story writers, and more recently, genre writers in science fiction and mystery, are all expertly discussed in the more than 16 sets comprising this series.The essays in the set combine biography, criticism, and in some cases, original interviews to tell the story of each author. This set includes 70 biographical/critical essays on such writers as Rachel Carson, Ralph Waldo Emerson, Henry David Thoreau and Gary Snyder and 12 general subject essays.
This is the introductory volume of a multivolume, verse-by-verse, interfaith rereading of the New Testament letter to the Ephesians. It looks to the Tiantai Buddhist master Zhiyi and his "threefold truth" to enhance our appreciation of nascent trinitarian themes in Ephesians. And it draws upon a broad array of scientific, theological, and philosophical thinkers in aid of rejecting the epistle's ancient, geocentric cosmology and its accommodations to the misogynistic, patriarchal, and slaveholding norms of its first-century surroundings. As a whole, the work constitutes a twenty-first century apologetic for doctrinal humility and for theologizing within a global theological commons.
This will help us customize your experience to showcase the most relevant content to your age group
Please select from below
Login
Not registered?
Sign up
Already registered?
Success – Your message will goes here
We'd love to hear from you!
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.