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An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation (Paperback): R. "Tee"... An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation (Paperback)
R. "Tee" Williams
R682 Discovery Miles 6 820 Within 7 - 11 working days

Succeeding in the financial markets requires a mastery of many disciplines. Mastery begins with understanding the actors, rules, and dynamics, and the ways in which they interact. This volume, the last of a 4-volume series, presents a broad perspective on key subjects such as regulation and compliance, risk and ways to mitigate it, and the directions in which trading markets might evolve. Like its predecessors, it presents alternative versions of the future: will the sell side or buy side come to dominate, for example, and how might new technologies shape global markets? Mastery of the financial markets begins with its authoritative, heavily illustrated presentation.
Presents ahigh-levelview ofglobal financial markets, including institutions, instruments, and dynamic interactionsDescribes the assumptions and expectations of market participantsHeavily illustrated so readers can easily understand advanced materials"

Project Finance in Theory and Practice - Designing, Structuring, and Financing Private and Public Projects (Hardcover, 2nd... Project Finance in Theory and Practice - Designing, Structuring, and Financing Private and Public Projects (Hardcover, 2nd edition)
Stefano Gatti
R1,404 Discovery Miles 14 040 In stock

This book presents comprehensive coverage of project finance in Europe and North America. The Second Edition features two new case studies, all new pedagogical supplements including end-of-chapter questions and answers, and insights into the recent market downturn. The author provides a complete description of the ways a project finance deal can be organized-from industrial, legal, and financial standpoints-and the alternatives available for funding it. After reviewing recent advances in project finance theory, heprovides illustrations and case studies. At key points Gatti brings in other project finance experts who share their specialized knowledge on the legal issues and the role of advisors in project finance deals.
*Forword by William Megginson, Professor and Rainbolt Chair in Finance, Price College of Business, The University of Oklahoma
*Comprehensive coverage of theory and practice of project finance as it is practiced today in Europe and North America
*Website contains interactive spreadsheets so that readers can input data and run and compare various scenarios, including up to the minute treatment of the cutting-edge areas of PPPs and the new problems raised by Basel II related to credit risk measurement"

An Introduction to High-frequency Finance (Hardcover): Michel Dacorogna, Ramazan Gencay, Ulrich Muller, Richard Olsen, Olivier... An Introduction to High-frequency Finance (Hardcover)
Michel Dacorogna, Ramazan Gencay, Ulrich Muller, Richard Olsen, Olivier Pictet
R2,250 Discovery Miles 22 500 Within 19 - 23 working days

Liquid markets generate hundreds or thousands of ticks (the minimum change in price a security can have, either up or down) every business day. Data vendors such as Reuters transmit more than 275,000 prices per day for foreign exchange spot rates alone. Thus, high-frequency data can be a fundamental object of study, as traders make decisions by observing high-frequency or tick-by-tick data. Yet most studies published in financial literature deal with low frequency, regularly spaced data. For a variety of reasons, high-frequency data are becoming a way for understanding market microstructure. This book discusses the best mathematical models and tools for dealing with such vast amounts of data.
This book provides a framework for the analysis, modeling, and inference of high frequency financial time series. With particular emphasis on foreign exchange markets, as well as currency, interest rate, and bond futures markets, this unified view of high frequency time series methods investigates the price formation process and concludes by reviewing techniques for constructing systematic trading models for financial assets.

Investment Banks, Hedge Funds, and Private Equity, 2e (Hardcover, 2nd edition): David Stowell Investment Banks, Hedge Funds, and Private Equity, 2e (Hardcover, 2nd edition)
David Stowell
R1,429 Discovery Miles 14 290 Within 19 - 23 working days

The dynamic environment of investment banks, hedge funds, and private equity firms comes to life in David Stowell s introduction to the ways they challenge and sustain each other. Capturing their reshaped business plans in the wake of the 2007-2009 global meltdown, his book reveals their key functions, compensation systems, unique roles in wealth creation and risk management, and epic battles for investor funds and corporate influence. Its combination of perspectives-drawn from his industry and academic backgrounds-delivers insights that illuminate the post-2009 reinvention and acclimation processes. Through a broad view of the ways these financial institutions affect corporations, governments, and individuals, Professor Stowell shows us how and why they will continue to project their power and influence.
Emphasizes the needs for capital, sources of capital, and the process of getting capital to those who need it. Integrates into the chapters ten cases about recent transactions, along with case notes and questions Accompanies cases with spreadsheets for readers to create their own analytical frameworks and consider choices and opportunities. "

Auction Theory (Hardcover, 2nd edition): Vijay Krishna Auction Theory (Hardcover, 2nd edition)
Vijay Krishna
R1,158 Discovery Miles 11 580 Within 10 - 17 working days

Vijay Krishna's 2e of "Auction Theory" improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna's ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions.
Focuses on key auction types and serves as the doorway to relevant theory for those doing empirical work on auctions
New chapter on combinatorial auctions and new analyses of theory-informed applications
New LaTex Beamer slides, chapter-ending exercises, problems of varying difficulties, and a solutions manual support and reinforce key points

Handbooks in Financial Globalization (Hardcover, New): Gerard Caprio Handbooks in Financial Globalization (Hardcover, New)
Gerard Caprio
R6,886 Discovery Miles 68 860 Within 8 - 15 working days

These three volumes present the full complexity of the history, practices, and outlook of 21st century global financial integration. "The Handbook of Key Global Financial Markets, Institutions, and Infrastructure" explores the growth of markets, intermediaries, rights, practices, and standards worldwide. "The Evidence and Impact of Financial Globalization" devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. The "Handbook of Safeguarding Global Financial Stability" examines our political economy, particularly the ways in which formal and informal policies as well as financial theories and technical models inhabit our institutions, strategies, and tactics. For those seeking substantial, authoritative descriptions and summaries, these volumes will replace books, journals, and other information sources with a coherent, easy-to-use reference work.
Reveals and analyzes examples of financial integration in both triumph and crisis Features international perspectives on strategies and tactics for resolving crises Concentrates on economic and financial topics without introducing broader cultural subjects

Credit Insurance (Paperback, New): Miran Jus Credit Insurance (Paperback, New)
Miran Jus
R634 Discovery Miles 6 340 Within 10 - 17 working days

This monograph is practically oriented, presenting a survey and explanation of credit insurance services for protection of short-term trade receivables primarily against commercial risk of insolvency and protracted default. The subject matter (i.e., main functions, features and principles of credit insurance with detailed description of credit insurance coverage, insurance conditions, and credit insurance policy management) follows procedural stages and presents commercial, financial, legal, and practical points of view which emphasize the needs of both the providers of these services andtheir clients - existing and potential credit insured companies - as well asother practitioners.
Explains how credit insurance has changed from an esoteric type of property insurance into a flexible and frequently used credit risk mitigation tool used on a global basisCompares credit insurance with self-insurance and equivalent substitutesDescribes the types of insurance available and how to obtain and manage credit insurance policies"

Mergers and Acquisitions Basics - All You Need To Know (Paperback): Donald DePamphilis Mergers and Acquisitions Basics - All You Need To Know (Paperback)
Donald DePamphilis
R1,242 Discovery Miles 12 420 Within 8 - 15 working days

In two volumes Don DePamphilis presents a high-level description of mergers & acquistions, from negotiating and deal structuring to building business alliances and restructuring corporations. Writtten for those who seek a broadly-based view of m&a, his books tread a middle ground between highly technical and dumbed-down descriptions of complex events. He concentrates on the processes and their players--investment bankers, business brokers, accountants, attorneys, tax experts, managers, investors, and others--and a dynamic series of actions with often-unforeseen implications.

Includes all participants, from investment bankers to accountants and business managers
Emphasizes the interactive natures of decisions about assets, payments, and appropriate legal structures
Bases conclusions on empirical evidence, not experience and opinion
Features a recent business case at the end of each chapter

Mergers and Acquisitions Basics - All You Need To Know (Paperback): Donald DePamphilis Mergers and Acquisitions Basics - All You Need To Know (Paperback)
Donald DePamphilis
R724 Discovery Miles 7 240 Within 7 - 11 working days

Mergers and Acquisitions Basics: All You Need to Know provides an introduction to the fundamental concepts of mergers and acquisitions. Key concepts discussed include M&As as change agents in the context of corporate restructuring; legal structures and strategies employed in corporate restructuring; takeover strategies and the impact on corporate governance; takeover defenses; and players who make mergers and acquisitions happen. The book also covers developing a business plan and the tools used to evaluate, display, and communicate information to key constituencies both inside and outside the corporation; the acquisition planning process; the negotiation, integration planning, and closing phases; financing transactions; and M&A post-merger integration. This book is written for buyers and sellers of businesses, financial analysts, chief executive officers, chief financial officers, operating managers, investment bankers, and portfolio managers. Others who may have an interest include bank lending officers, venture capitalists, government regulators, human resource managers, entrepreneurs, and board members. The book may also be used as a companion or supplemental text for undergraduate and graduate students taking courses on mergers and acquisitions, corporate restructuring, business strategy, management, governance, and entrepreneurship.

Public-Private Partnerships - Principles of Policy and Finance (Hardcover): E.R Yescombe Public-Private Partnerships - Principles of Policy and Finance (Hardcover)
E.R Yescombe
R1,672 Discovery Miles 16 720 Within 7 - 11 working days

Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment).
This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs.
The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains:
* The different types of PPPs and how these have developed
* Why PPPs are attractive to governments
* General policy issues for the public sector in developing a PPP programme
* PPP procurement procedures and bid evaluation
* The use of project-finance techniques for PPPs
* Sources of funding
* Typical PPP contracts and sub-contracts, and their relationship with the project s financial structure
* Risk assessment from the points of view of the public sector, investors, lenders and other project parties
* Structuring the investment and debt financing
* The key issues in negotiating a project-finance debt facility.
In addition the book includes an extensive glossary, as well as cross-referencing.
*Reviews the PPP policy framework and development from an international perspective
*Covers public- and private-sector financial analysis, structuring and investment in PPPs
*No prior knowledge of project financing required"

Cash Return on Capital Invested - Ten Years of Investment Analysis with the CROCI Economic Profit Model (Hardcover): Pascal... Cash Return on Capital Invested - Ten Years of Investment Analysis with the CROCI Economic Profit Model (Hardcover)
Pascal Costantini
R2,096 Discovery Miles 20 960 In stock

In this book, Pascal Costantini gives a lively and wonderfully readable account of ten years of efforts by a small group of investment analysts to find a reliable, practical and implementable method for valuing and selecting shares. The result of their effort is an original investment methodology called CROCI (Cash Return on Capital Invested), best described as a variation of the economic profit model. For over a decade now, Costantinis group at Deutsche Bank has been using this valuation tool every time it has had to take a view on the pricing of an equity asset, be it a market, a sector or an individual sharein other words, every single working day, since it is this groups job to advise institutional investors on equity valuation. Costantini describes in detail, accompanied by concrete examples in the form of charts and graphs, the precise investment results of the actual implementation of the CROCI approach in the global equity markets since 1996. Readers will enjoy taking this journey with Costantini to see how and why the model was developed, assess the results of ten years of actual implementation and measure the successes of using this model in stock picking and portfolio construction. This book will also make it easy for them to see how the CROCI approach can be used successfully by others now and in the future.
The book is divided into four parts. The first part is a review and discussion of the fundamentals of investment analysis. The second part is dedicated to the construction of economic data, with the sole objective of calculating an economically meaningful asset multiple and relative return, the combination of which gives an economic PE ratio, the authors main stock selection tool. While the economic profit model is not exactly new, it is still largely ignored by the investment community. In essence, it does three things: it calculates the real amount of cash, or value created by a business; it compares the market value of an asset to an approximation of its replacement value; and it assumes that the former will converge to the latter through the arbitrage of investors and capital providers. The third part is dedicated to the analysis of economic data, and the last part deals with the actual implementation of the CROCI economic profit model, including real life examples. This final part also discusses how to use the output of the CROCI model with individual stocks, and then with investment portfolios.
*Techniques are based on the authors performance record at Deutsche Bank since 1996
*Based on almost ten years of proprietary knowledge and implementation of these techniques
*Factual illustrations of the results of the valuation techniques are provided at each step
*Techniques are based on the author's performance record at Deutsche Bank since 1996
*Based on almost ten years of proprietary knowledge and implementation of these techniques
*Factual illustrations of the results of the valuation techniques are provided at each step

Modern Empirical Developments in Corporate Takeovers: SET (Paperback): B. Espen Eckbo Modern Empirical Developments in Corporate Takeovers: SET (Paperback)
B. Espen Eckbo
R1,352 Discovery Miles 13 520 Within 8 - 15 working days

A selection of republished corporate finance articles and book chapters that can serve as an advanced corporate finance supplementary text for courses that use no textbooks. Combining convenience and an affordable price with retypeset pages and a high-quality index, these two 600-page paperback volumes will introduce students to modern scientific evidence about corporate takeovers. The quality of Elsevier s holdings in these subjects is high enough and broad enough to cover important subjects in detail. With indexes and new introductions, these volumes will simplify and facilitate students interaction with new concepts and applications.

Provides a status report about modern scientific evidence on corporate takeovers
Exposes students to new methods and empirical evidence while reading high quality primary material
Offers a concise and cost-efficient package of journal and book articles for advanced corporate finance students

Econophysics - Background and Applications in Economics, Finance, and Sociophysics (Paperback, New): Gheorghe Savoiu Econophysics - Background and Applications in Economics, Finance, and Sociophysics (Paperback, New)
Gheorghe Savoiu
R868 Discovery Miles 8 680 Within 7 - 15 working days

The remarkable evolution of econophysics research has brought the deep synthesis of ideas derived from economics and physicsto subjects as diverse as education, banking, finance, and the administration of large institutions. The original papers in this collection present a broad summary of these advances, written by interdisciplinary specialists. Included are studies on subjects in the development of econophysics; on the perspectives offered by econophysics on large problems in economics and finance, including the 2008-9 financial crisis; and on higher education and group decision making. The introductions and insights they provide will benefit everyone interested in applications of this new transdisciplinary science.
Ten papers present an updated version of the origins, issues, and applications of econophysics Economics and finance chapters consider lessons learned from the 2008-9 financial crisis Sociophysics chapters propose new thinking on educational reforms and group decision making"

Financial Trading and Investing (Hardcover, New): John L. Teall Financial Trading and Investing (Hardcover, New)
John L. Teall
R1,280 Discovery Miles 12 800 Within 10 - 17 working days

A former member of the American Stock Exchange introduces trading and financial markets to upper-division undergraduates and graduate students who are planning to work in the finance industry. Unlike standard investment texts that cover trading as one of many subjects, "Financial Trading and Investing"gives primary attention to trading, trading institutions, markets, and the institutions that facilitate and regulate trading activities what economists call "market microstructure." Thetext will be accompanied by a website that can be used in conjunction with "TraderEx," "Markit," "StocklinkU," "Virtual Trade," "Vecon Lab Experiment," "Tradingsim," "IB Student Trading Lab," "Brenexa," "Stock Trak "and "How the Market Works."
Introduces the financial markets and the quantitative tools used in them so students learn how the markets operate and gain experience with their principal toolsHelps students develop their skills with the most popular trading simulation programs so they can reuse the book to solve day-to-day problems Stretches from investor behavior to hedging strategies and noise trading, capturing recent advances in an up-to-date reference source"

Global Bank Regulation - Principles and Policies (Hardcover): Heidi Mandanis Schooner, Michael W Taylor Global Bank Regulation - Principles and Policies (Hardcover)
Heidi Mandanis Schooner, Michael W Taylor
R1,987 Discovery Miles 19 870 Within 7 - 15 working days

Global Bank Regulation: Principles and Policies covers the global regulation of financial institutions. It integrates theories, history, and policy debates, thereby providing a strategic approach to understanding global policy principles and banking. The book features definitions of the policy principles of capital regularization, the main justifications for prudent regulation of banks, the characteristics of tools used regulate firms that operate across all time zones, and a discussion regarding the 2007-2009 financial crises and the generation of international standards of financial institution regulation. The first four chapters of the book offer justification for the strict regulation of banks and discuss the importance of financial safety. The next chapters describe in greater detail the main policy networks and standard setting bodies responsible for policy development. They also provide information about bank licensing requirements, leading jurisdictions, and bank ownership and affiliations. The last three chapters of the book present a thorough examination of bank capital regulation, which is one of the most important areas in international banking. The text aims to provide information to all economics students, as well as non-experts and experts interested in the history, policy development, and theory of international banking regulation.

Introduction to Project Finance (Paperback): Andrew Fight Introduction to Project Finance (Paperback)
Andrew Fight
R1,269 Discovery Miles 12 690 Within 7 - 15 working days

The term "project finance" is now being used in almost every language in every part of the world. It is the solution to infrastructure, public and private venture capital needs. It has been successfully used in the past to raise trillions of dollars of capital and promises to continue to be one of the major financing techniques for capital projects in both developed and developing countries.
Project Finance aims to provide:
*Overview of project finance
*Understanding of the key risks involved in project finance and techniques for mitigating risk
*Techniques for effective evaluation of project finance from both a financial and credit perspective
The author differentiates between recourse and non-recourse funding, tackles the issues of feasibility, identifies the parties normally involved with project finance plans, and details techniques for realistic cash flow preparation.
*Inspired by basic entry level training courses that have been developed by major international banks worldwide
*Will enable students, and those already in the finance profession, to gain an understanding of the basic information and principles of project finance
*Includes questions with answers, study topics, practical 'real world' examples and an extensive bibliography

Computational Finance (Hardcover): George Levy Computational Finance (Hardcover)
George Levy
R3,002 Discovery Miles 30 020 Within 8 - 15 working days

This set contains two previously published books on computational finance:
Computational Finance presents a modern computational approach to mathematical finance within the Windows environment. George Levy illustrates how numeric components can be developed by Financial Analysts that allow financial routines on the computer to be more easily performed. This book contains a bound in CD-ROM.
In Computational Finance Using C and C#, Levy raises computational finance to the next level using the languages of both standard C and C#. The inclusion of both these languages enables readers to match their use of the book to their firm s internal software and code requirements. Levy also provides derivatives pricing information for equity derivates, interest rate derivatives, foreign exchange derivatives, and credit derivatives. A unique password is bound into every book, giving the reader access to additional software on password protected
*Shows how to incorporate advanced financial modelling techniques in Windows compatible software
* Includes CD-ROM with adaptive software
* Aids the development of bespoke software solutions covering GARCH volatility modelling, derivative pricing with Partial Differential Equations, VAR, bond and stock options
*Complete financial instrument pricing code in standard C and C# available to book buyers on companion website
* Provides software design patterns in C and C# and the use of SQL server"

Credit Risk Management (Paperback): Andrew Fight Credit Risk Management (Paperback)
Andrew Fight
R1,667 Discovery Miles 16 670 Within 7 - 15 working days

Credit Risk Management will enable general bankers, staff, and credit analyst trainees to understand the basic information and principles underlying credit risk evaluation, and to use those underlying principles to undertake an analysis of non financial and financial risks when preparing a credit proposal. Since the best loans are the ones that do not present problems during the repayment phase, the authors also focus on elements relating to the proactive management of those loans during their inception.

This book introduces:
*Credit analysis, approval and management processes
*Concepts of financial and non-financial risk
*Financial statement analysis, including the use of ratio anaylsis
*Cash flow analysis and forecasting
*Security enhancement & management procedures designed to legally & financially manage credit risk
*Inspired by the basic entry level training courses that have been developed by major international banks worldwide.
*Will enable students and those already in the finance profession to gain an understanding of the basic information and principles of credit risk
*Questions with answers, study topics, practical "real world" examples and text with an extensive bibliography

Contemporary Financial Intermediation (Hardcover, 2nd Revised edition): Stuart I Greenbaum, Anjan V. Thakor Contemporary Financial Intermediation (Hardcover, 2nd Revised edition)
Stuart I Greenbaum, Anjan V. Thakor
R2,266 Discovery Miles 22 660 Within 7 - 15 working days

Stuart Greenbaum and Anjan Thakor bring a unique analytical approach to the subject of banks and banking in this completely revised and updated new edition. They expand the scope of the typical bank management course by addressing all types of deposit-type financial institutions and by explaining the why of intermediation rather than simply describing institutions, regulations, and market phenomena. This analytic approach strikes at the heart of financial intermediation by explaining why financial intermediaries exist and what they do. Specific regulations, economies, and policies will change, but the underlying philosophical foundations remain the same. This approach enables students to understand the foundational principles and to apply them to whatever context they encounter as professionals.
"This book is the perfect liasion between the microeconomics realm of information economics and the real world of banking and financial intermediation. It supplies a healthy dose of microeconomic theory to fully understand the underlying features of the most common financial instruments used in modern banking practice, all explained thoroughly with down to earth narratives and doable math/game theoretic instruments. It makes a wonderful preview before going on with Freixas text, or at least as its companion."
--Quote referring to first edition from Enrique Fernandez on amazon.com
* Completely undated edition of a classic banking text
* Online solutions manual, instructor resources, and ppt slides available to instructors on publisher's website
* Authored by experts on financial intermediation theory, only textbook that takes this approach situating banks within microeconomic theory

Understanding Credit Derivatives and Related Instruments (Hardcover, New): Antulio Bomfim Understanding Credit Derivatives and Related Instruments (Hardcover, New)
Antulio Bomfim
R1,995 Discovery Miles 19 950 Within 7 - 15 working days

The global credit derivatives market is estimated to have grown from virtually nothing in the early 1990s to over $2 trillion dollars. Although still relatively young, the credit derivatives market has already developed to the point where one can characterize its evolution in terms of developments in its various segments, such as the market for single-name credit derivatives or the market for credit derivatives written on sovereign credits.
Understanding Credit Derivatives offers a comprehensive introduction to the credit derivatives market. Rather than presenting a highly technical exploration of the subject, it offers intuitive and rigorous summaries of the major subjects and the principal perspectives associated with them. The centerpiece is pricing and valuation issues, especially discussions of different valuation tools and their use in credit models.
* Offers a broad overview of this growing field
* Discusses all the main types of credit derivatives
* Provides back-of-the-book summary of statistics and fixed-income mathematics

Public Finance - A Normative Theory (Hardcover, 2nd Revised edition): Richard W. Tresch Public Finance - A Normative Theory (Hardcover, 2nd Revised edition)
Richard W. Tresch
R4,689 Discovery Miles 46 890 Within 7 - 15 working days

Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text.

Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals.

  • Second edition provides new and updated information
  • Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism
  • Features a cohesive and versatile general equilibrium framework
An Introduction to Credit Derivatives (Hardcover, 2nd edition): Moorad Choudhry An Introduction to Credit Derivatives (Hardcover, 2nd edition)
Moorad Choudhry
R1,280 Discovery Miles 12 800 Within 10 - 17 working days

The second edition of "An Introduction to Credit Derivatives" provides a broad introduction to products and a marketplace that have changed significantly since the financial crisis of 2008. Author Moorad Choudhry gives a practitioner's perspective on credit derivative instruments and the risks they involve in a succinct style without sacrificing technical details and scientific precision.

Beginning with foundational discussions of credit risk, credit risk transfer and credit ratings, the book proceeds to examine credit default swaps and related pricing, asset swaps, credit-linked notes, and more. Ample references, appendices and a glossary add considerably to the lasting value of the book for students and professionals in finance.
A post-crisis guide to a powerful bank risk management product, its history and its useLiberal use of Bloomberg screens and new worked examples increase hands-on practicalityNew online set of CDS pricing models and other worksheets multiply the book's uses

Credit Engineering for Bankers - A Practical Guide for Bank Lending (Hardcover, 2nd edition): Morton Glantz, Johnathan Mun Credit Engineering for Bankers - A Practical Guide for Bank Lending (Hardcover, 2nd edition)
Morton Glantz, Johnathan Mun
R1,280 Discovery Miles 12 800 Within 10 - 17 working days

More efficient credit portfolio engineering can increase the decision-making power of bankers and boost the market value of their banks. By implementing robust risk management procedures, bankers can develop comprehensive views of obligors by integrating fundamental and market data into a portfolio framework that treats all instruments similarly. Banks that can implement strategies for uncovering credit risk investments with the highest return per unit of risk can confidently build their businesses.

Through chapters on fundamental analysis and credit administration, authors Morton Glantz and Johnathan Mun teach readers how to improve their credit skills and develop logical decision-making processes. As readers acquire new abilities to calculate risks and evaluate portfolios, they learn how credit risk strategies and policies can affect and be affected by credit ratings and global exposure tracking systems. The result is a book that facilitates the discipline of market-oriented portfolio management in the face of unending changes in the financial industry.
Concentrates on the practical implementation of credit engineering strategies and tools Demonstrates how bankers can use portfolio analytics to increase their insights about different groups of obligorsInvestigates ways to improve a portfolio s return on risk while minimizing probability of insolvency"

Handbook of Key Global Financial Markets, Institutions, and Infrastructure (Hardcover, New): Gerard Caprio Handbook of Key Global Financial Markets, Institutions, and Infrastructure (Hardcover, New)
Gerard Caprio
R2,717 Discovery Miles 27 170 Within 10 - 17 working days

Understandingtwenty-first century global financial integration requires a two-part background."The Handbook of Key Global Financial Markets, Institutions, and Infrastructure" begins its description ofhow we created a financially-intergrated worldbyfirst examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent ofefforts to safeguard financial stability. It thendescribesthearchitectureitself by analyzingits parts, such as markets, institutions, and infrastructure. The contributions ofsovereign funds, auditing regulation, loan markets, property rights, compensation practices, Islamic finance, and others to the global architecture are closely examined.For those seeking substantial, authoritative descriptions and summaries, this volume will replace books, journals, and other information sources with a single, easy-to-use reference work.
Substantial articles by top scholars sets this volume apart from other information sources Diverse international perspectives result in new opportunities for analysis and researchRapidly developing subjectswill interest readers well into the future"

Pricing, Risk, and Performance Measurement in Practice - The Building Block Approach to Modeling Instruments and Portfolios... Pricing, Risk, and Performance Measurement in Practice - The Building Block Approach to Modeling Instruments and Portfolios (Hardcover)
Wolfgang Schwerdt, Marcelle von Wendland
R1,280 Discovery Miles 12 800 Within 10 - 17 working days

How can managers increase their ability to calculate price and risk data for financial instruments while decreasing their dependence on a myriad of specific instrument variants? Wolfgang Schwerdt and Marcelle von Wendland created a simple and consistent way to handle and process large amounts of complex financial data. By means of a practical framework, their approach analyzes market and credit risk exposure of financial instruments and portfolios and calculates risk adjusted performance measures. Its emphasis on standardization yields significant improvements in speed and accuracy.

Schwerdt and von Wendland's focus on practical implementation directly addresses limitations imposed by the complex and costly processing time required for advanced risk management models and pricing hundreds of thousands of securities each day. Their many examples and programming codes demonstrate how to use standards to build financial instruments, how to price them, and how to measure the risk and performance of the portfolios that include them.
Feature: The authors have designed and implemented a standard for the description of financial instruments
Benefit: The reader can rely on accurate and valid information about describing financial instruments
Feature: The authors have developed an approach for pricing and analyzing any financial instrument using a limited set of atomic instruments
Benefit: The reader can use these instruments to define and set up even very large numbers of financial instruments.
Feature: The book builds a practical framework for analysing the market and credit risk exposure of financial instruments and portfolios
Benefit: Readers can use this framework today in their work and identify and measure market and credit risk using a reliable method.

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