Practical tools and advice for managing financial risk, updated for a post-crisis world Advanced Financial Risk Management bridges the gap between the idealized assumptions used for risk valuation and the realities that must be reflected in management actions. It explains, in detailed yet easy-to-understand terms, the analytics of these issues from A to Z, and lays out a comprehensive strategy for risk management measurement, objectives, and hedging techniques that apply to all types of institutions. Written by experienced risk managers, the book covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Revised and updated with lessons from the 2007-2010 financial crisis, Advanced Financial Risk Management outlines a framework for fully integrated risk management. Credit risk, market risk, asset and liability management, and performance measurement have historically been thought of as separate disciplines, but recent developments in financial theory and computer science now allow these views of risk to be analyzed on a more integrated basis. The book presents a performance measurement approach that goes far beyond traditional capital allocation techniques to measure risk-adjusted shareholder value creation, and supplements this strategic view of integrated risk with step-by-step tools and techniques for constructing a risk management system that achieves these objectives. Practical tools for managing risk in the financial world Updated to include the most recent events that have influenced risk management Topics covered include the basics of present value, forward rates, and interest rate compounding; American vs. European fixed income options; default probability models; prepayment models; mortality models; and alternatives to the Vasicek model Comprehensive and in-depth, Advanced Financial Risk Management is an essential resource for anyone working in the financial field.
An in-depth look at financial risk management Advanced Financial Risk Management integrates interest rate risk, credit risk, foreign exchange risk, and capital allocation using a consistent risk management approach. It explains, in detailed, yet understandable terms, the analytics of these issues from A to Z. Written by experienced risk managers, this book bridges the gap between the idealized assumptions used for valuation and the realities that must be reflected in management actions. It covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Donald R. Van Deventer (Hawaii) founded the Kamakura Corporation in April 1990 and is currently President. In 2003, he was voted into the Risk Hall of Fame for having made a profound contribution to the field of risk management. Kenji Imai (Hawaii) heads Software Development for Kamakura and participates in selected Japan-related financial advisory assignments. Mark Mesler (Hawaii) heads the information production for Kamakura Risk Information Services.
Practical tools and advice for managing financial risk, updated for a post-crisis world Advanced Financial Risk Management bridges the gap between the idealized assumptions used for risk valuation and the realities that must be reflected in management actions. It explains, in detailed yet easy-to-understand terms, the analytics of these issues from A to Z, and lays out a comprehensive strategy for risk management measurement, objectives, and hedging techniques that apply to all types of institutions. Written by experienced risk managers, the book covers everything from the basics of present value, forward rates, and interest rate compounding to the wide variety of alternative term structure models. Revised and updated with lessons from the 2007-2010 financial crisis, Advanced Financial Risk Management outlines a framework for fully integrated risk management. Credit risk, market risk, asset and liability management, and performance measurement have historically been thought of as separate disciplines, but recent developments in financial theory and computer science now allow these views of risk to be analyzed on a more integrated basis. The book presents a performance measurement approach that goes far beyond traditional capital allocation techniques to measure risk-adjusted shareholder value creation, and supplements this strategic view of integrated risk with step-by-step tools and techniques for constructing a risk management system that achieves these objectives. Practical tools for managing risk in the financial world Updated to include the most recent events that have influenced risk management Topics covered include the basics of present value, forward rates, and interest rate compounding; American vs. European fixed income options; default probability models; prepayment models; mortality models; and alternatives to the Vasicek model Comprehensive and in-depth, Advanced Financial Risk Management is an essential resource for anyone working in the financial field.
This book offers a timely and multifaceted reanalysis of student radicalism in postwar Japan. It considers how students actively engaged the early postwar debates over subjectivity, and how the emergence of a new generation of students in the mid-1950s influenced the nation’s embrace of the idea that ‘the postwar’ had ended. Attentive to the shifting spatial and temporal boundaries of ‘postwar Japan,’ it elucidates previously neglected histories of student and zainichi Korean activism and their interactions with the Japanese Communist Party. This book is a key read for scholars in the field of Japanese history, social movements and postcolonial studies, as well as the history of student radicalism.
Recent research has given great insight into the physiological and pharmaceutical effects of histamine on the central nervous system and especially on the brain. This volume focuses on these many new findings, including the role of brain histamine in the arousal system, learning, and memory. Also featured are the mechanisms of histamine release in bone marrow and mast cells and the role of histamine in neutrophil differentiation. These are analyzed using the most up-to-date techniques of molecular pharmacology and refined immunoelectroscopy. In addition, the pharmacological profiles of newly developed H1 antagonists are described, making this book invaluable to those who want to understand the very latest advances in histamine research.
Many small molecules occur naturally as "messenger" chemicals which regulate the behaviour and functions of microbes, plants, insects and animals. Examples include hormones, pheromones, phytoalexins, and antifeedants. These biofunctional molecules are of great interest to researchers in helping develop our understanding of biological function and in the development of new drugs. However extracting them from nature can be prohibitively expensive, so there is great interest in devising methods of synthesising them from simple starting materials in the laboratory. Chemical Synthesis of Hormones, Pheromones and Other Bioregulators is an introduction to the techniques and strategies for the synthesis of biofunctional small molecules. Topics include: what are biofunctional molecules? why must biofunctional molecules be synthesized? how can we synthesize biofunctional molecules? the synthesis of phytohormones, phytoalexins and other biofunctional molecules of plant origin the synthesis of insect juvenile hormones and antifeedants the synthesis of pheromones and the significance of chirality in pheromone science the synthesis of microbial hormones and pheromones, antibiotics, and other biofunctional molecules of microbial origin the synthesis of marine antifeedants and medicinal candidates a synthetic examination of incorrectly proposed structures of biomolecules reflections on science as a human endeavor Drawing on a career of almost 50 years researching and teaching this subject, Kenji Mori's Chemical Synthesis of Hormones, Pheromones and Other Bioregulators is a must-have textbook for students and researchers of organic synthesis and natural products, and a stimulating and inspiring account of a distinguished chemical career.
A comprehensive study of the life, philosophies, fighting strategies, and works of the legendary samurai warrior who wrote The Book of Five Rings Miyamoto Musashi, who lived in Japan in the fifteenth century, was a renowned samurai warrior. He has become a martial arts icon, known not just as an undefeated dueler, but also as a master of battlefield strategy. Kenji Tokitsu turns a critical eye on Musashi's life and writings, separating fact from fiction, and giving a clear picture of the man behind the myth. Musashi's best-known work, The Book of Five Rings, provides timeless insight into the nature of conflict. Tokitsu translates and provides extensive commentary on that popular work, as well as three other short texts on strategy that were written before it, and a longer, later work entitled "The Way to Be Followed Alone." Tokitsu is a thoughtful and informed guide, putting the historical and philosophical aspects of the text into context, and illuminating the etymological nuances of particular Japanese words and phrases. As a modern martial artist and a scholar, Tokitsu provides a view of Musashi's life and ideas that is accessible and relevant to today's readers and martial arts students.
This book provides perspectives on depopulated areas and regional social capital from positivistic field surveys. Among the developed countries of the world, Japan has a very small amount of national land, with almost 70% of it being in mountainous locations. Concentration of populations and economic capital into large metropolitan areas along with many depopulated and population-aged regions in the mountainous parts can be seen in the country. A very clear regional disparity has arisen in Japan, especially since the era of its high economic growth. This book also offers critical suggestions for the shrinking societies of the developed world in the era of Society 5.0, the fifth stage of society where economic development is achieved and social issues are resolved by the fusion of cyber and physical space. To begin, the book refers to an outline of depopulation and depopulated areas in Japan. Then, it deals with issues of depopulation, out-migration from a mountainous village, revitalization of local industries, and maintenance of daily living functions in these areas. This book is suitable for students and scholars of the social sciences, regional planners, staffs of government offices, members of NPOs, general citizens, and the many other people who are interested in sustainability of a region and a community in a shrinking social environment.
Embryology is a branch of science concerned with the morphological aspects of organismal development. The genomic and molecular revolution of the second half of the 20th century, together with the classic descriptive aspects of this science have allowed greater integration in our understanding of many developmental events. Through such integration, modern embryology seeks to provide practical knowledge that can be applied to assisted reproduction, stem cell therapy, birth defects, fetal surgery and other fields. This book focuses on human embryology and aims to provide an up-to-date source of information on a variety of selected topics. The book consists of nine chapters organized into three sections, namely: 1) gametes and infertility, 2) implantation, placentation and early development, and 3) perspectives in embryology. The contents of this book should be of interest to biology and medical students, clinical embryologists, laboratory researchers, obstetricians and urologists, developmental biologists, molecular geneticists and anyone who wishes to know more about recent advances in human development.
Updating its bestselling predecessor, Ferroelectric Devices, Second Edition assesses the last decade of developments—and setbacks—in the commercialization of ferroelectricity. Field pioneer and esteemed author Uchino provides insight into why this relatively nascent and interdisciplinary process has failed so far without a systematic accumulation of fundamental knowledge regarding materials and device development. Filling the informational void, this collection of information reviews state-of-the-art research and development trends reflecting nano and optical technologies, environmental regulation, and alternative energy sources. Like the first edition, which became a standard in the field, this volume provides a general introduction to ferroelectrics with theoretical background. It then addresses practical design and device manufacturing, including recently developed processes and applications. Updating old data with a forecast of future developments, the text analyzes improvements to original ferroelectric devices to aid the design process of new ones. The second edition includes new sections on: Pb-free piezoelectrics Size effect on ferroelectricity Electrocaloric devices Micro mass sensor Piezoelectric energy harvesting Light valves and scanners Multi-ferroic devices, including magneto-electric sensors Uchino provides a general introduction to the theoretical background of ferroelectric devices, practical materials, device designs, drive/control techniques, and typical applications. He presents frequently asked questions from students, lab demonstrations for practical understanding, and "check point" quizzes and model solutions to monitor understanding. After a thorough exploration of ferroelectric devices and their past, this book looks to the industry’s future, assessing market size and remaining reliability/lifetime issues. The author also unveils his strategy for developing "best-selling" ferroelectric devices.
Advances in Geosciences is the result of a concerted effort to bring together the latest results and planning activities related to earth and space science in Asia and the international arena. The volume editors are all leading scientists in their research fields covering six sections: Atmospheric Science (AS), Hydrological Science (HS), Ocean Science (OS), Solid Earth (SE), Solar Terrestrial (ST) and Planetary Science (PS). The main purpose is to highlight the scientific issues essential to the study of earthquakes, tsunamis, atmospheric dust storms, climate change, drought, flood, typhoons, monsoons, space weather, and planetary exploration.
Remarkable developments have taken place in the field of mechatronics in recent years. As symbolized by the "Janglish (Japanese English)" word, mechatronics, the technology and the social adaptation for introducing electronics into mechanics has been readily accepted in Japan. Currently robots are producing many products under computer control in Japanese factories, and supermarkets are utilizing automation systems for sample displays and sales. Further, the fast paced change in semiconductor chip technology has given rise to the need for micro-displacement positioning techniques. Actuators utilizing piezoelectridelectrostrictive effects are expected to meet these needs in mechanical components in the next micro mechatronic age. This book, in English, builds on my earlier publications concerned with ceramic actuators. The first edition titled "Essentials for Development and Applications of Piezoelectric Actuators" was published in 1984 through the Japan Industrial Technology Center. The second edition "PiezoelectriclElectrostrictive Actuators" published in Japanese through Morikita Pub. Co. (Tokyo) became one of the best sellers in that company in 1986, and was then translated into Korean. The problem solving edition "Piezoelectric Actuators -Problem Solving" was also published through Morikita, which was sold in conjunction with a 60 minute video tape to provide easy understanding.
Arata is hit by the revelation of his true identity: Astral Trinity, a being formed from the magical remains of the True Demon Lord! Amid this shocking news, Arata becomes the victim of a curse courtesy of Dis Trinity-a spell that will activate in three days and rob him of his soul. With little time to spare, Arata must traverse dimensions and find the key to stopping this fate: the Demon Lord's core!
As market competition replaces state regulation in many economic fields, competition policy has become an area of increasing significance. Against this background, Suzuki highlights the importance of the domestic political structure for competition policy. He does this through the comparative analysis of competition law reforms in Britain and Japan. He argues - controversially - that a country's domestic political structure should be considered a major factor in causing the reform of competition law, and rejects the established view that it is necessarily a result of changes in international economic and political conditions.
Lilith has been captured by her own father, the demon lord Abyss Trinity, and he's poised to annihilate Arata Kasuga and his companions. In the face of "Vanitas," the overwhelming power possessed by Abyss Trinity, their only hope is a secret weapon hidden within Sky Library--but the demon lord won't make things easy! Can Arata overcome this most dangerous opponent?
Elementary Processes in Excitations and Reactions on Solid Surfaces explores the fundamental nature of dynamics on solid surfaces. Attempts are made to reveal various aspects of elementary processes in excitations and reactions on solid surfaces by recent theoretical and experimental developments of the subjects such as molecular beams interacting with surfaces, ion beam scattering, laser-induced dynamical processes, electronically induced dynamical processes, and optical properties of solid surfaces. This volume is devided into three parts. Part I is concerned mainly with the rich reaction dynamics on potential-energy surfaces. Part II is devoted to the interplay of excitations and reactions with particular attention given to the charge transfer as well as the energy transfer between well-characterized surfaces and beams. In Part III, new and rapidly developing methods are introduced.
In Light Driven Micromachines, the fundamental principles and unique characteristics of light driven material structures, simple mechanisms and integrated machines are explored. Very small light driven systems provide a number of interesting features and unique design opportunities because streams of photons deliver energy into the system and provide the control signal used to regulate the response of the micron sized device. Through innovative material design and clever component fabrication, these optically powered tiny machines can be created to perform mechanical work when exposed to varying light intensity, wavelength, phase, and/or polarization. The book begins with the scientific background necessary to understand the nature of light and how light can initiate physical movement by inducing material deformation or altering the surrounding environment to impose micro-forces on the actuating mechanisms. The impact of physical size on the performance of light driven mechanisms and machines is discussed, and the nature of light–material interactions is reviewed. These interactions enable very small objects and mechanical components to be trapped and manipulated by a focused light beam, or produce local temperature gradients that force certain materials to undergo shape transformation. Advanced phase transition gels, polymers, carbon-based films and piezoelectric ceramics that exhibit direct light-to-mechanical energy conversion are examined from the perspective of designing optically driven actuators and mechanical systems. The ability of light to create photothermal effects that drive microfluidic processes and initiate the phase transformation of temperature sensitive shape memory materials are also explored in the book. This compendium seeks to inspire the next generation of scientists and engineers by presenting the fundamental principles of this emerging interdisciplinary technology and exploring how the properties of light can be exploited for microfluidic, microrobotic, biomedical and space applications.
During a field trip with their middle school classmates, childhood friends Kaguya and Himawari are abducted by the secret society Millennium. The evil organization is notorious for the havoc it's wreaked, but is it possible they're...not the bad guys? After Kaguya gets a glimpse behind the curtain, everything starts to change, and she becomes privy to the truth underneath the world she lives in. Now that she's bestowed with the power to transform into a magical girl, what path will she choose?
After Uchino’s introduction of a new terminology, ‘Micromechatronics’ in 1979 for describing the application area of ‘piezoelectric actuators’, the rapid advances in semiconductor chip technology have led to a new terminology MEMS (micro-electro-mechanical-system) or even NEMS (nano-electro-mechanicalsystem) to describe mainly thin film sensor/actuator devices, a narrower area of micromechatronics coverage. New technologies, product developments and commercialization are providing the necessity of this major revision. In particular, the progresses in high power transducers, loss mechanisms in smart materials, energy harvesting and computer simulations are significant. New technologies, product developments and commercialization are providing the updating requirement for the book contents, in parallel to the deletion of old contents. Various educational/instructional example problems have been accumulated, which were integrated in the new edition in order to facilitate the self-learning for the students, and the quiz/problem creation for the instructors. Heavily revised topics from the previous edition include: high power transducers, loss mechanisms in smart materials, energy harvesting and computer simulations New technologies, product developments and commercialization helped shape the updated contents of this book where all chapters have been updated and revised. This textbook is intended for graduate students and industrial engineers studying or working in the fields of electronic materials, control system engineering, optical communications, precision machinery, and robotics. The text is designed primarily for a graduate course with the equivalent of thirty 75-minute lectures; however, it is also suitable for self-study by individuals wishing to extend their knowledge in the field.
Many highly acclaimed and authoritative books on polymer science tend to focus on synthetic polymers. Cellulose and Cellulose Derivatives is the first authoritative book on the subject. It examines recent developments, with particular reference to cellulose (in aqueous alkali) and cellulose acetate. Packed with examples, the author takes an in-depth look at the topic, using the most reliable experimental data available. A comprehensive approach to the fundamental principles of cellulose and its derivatives in solution makes Cellulose and Cellulose Derivatives ideal reading for novices as well as experienced cellulose scientists. * Outlines the theoretical fundamentals of cellulose and cellulose derivatives* Presents comprehensive and reliable experimental results in figures and tables * Highly illustrated and easy to read
Since time immemorial, Japan has been inhabited by supernatural creatures, spirits, monsters and demons…Here's your chance to meet them up close and personal! Strange Japanese Yokai assembles an extraordinary collection of mysterious creatures in every possible shape and size, each with their own unique back story. Some are well-known, others obscure. The one thing they share in common is that they are creepy and weird! The 122 different Yokai described in this book include: The Kappa: A dangerous creature who lives in lakes and rivers and attacks passers-by The Nurarihyon: A mysterious Yokai with a huge head who steals food, tobacco and alcohol The Yadokai: A mischievous former monk who wanders at night vandalizing and being a pest The Ohaguru:A scary Yokai with black teeth who looks like a beautiful woman from afar until she gets closer, smiles, and reveals herself And over 100 more! Yokai expert Kenji Murakami identifies each Yokai, explains the history, where they commonly appear, and their strange powers. The book is illustrated with hundreds of full-color drawings showcasing the fascinating features of these strange creatures. Every monster here, no matter how disgusting, is part of the rich cultural legacy of Japan. *Recommended for readers ages 14 & up*
First study in English on Japanese Buddhism by a distinguished scholar in the field of Religious Studies will be widely welcomed.The main focus is on the tradition of the monk (o-bo-san) as the main agent of Buddhism, together with the historical processes by which monks have developed Japanese Buddhism as it appears in the present day.
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