"Finance and the Economics of Uncertainty "explores the growing range of economic decisions that are conducted under uncertainty both on the personal level, as well as by large firms.
Analyzes the allocation of risk in the context of the current literature, as well as emphasizes the role of information in decisions and prices.
Includes end-of-chapter exercises that supply the necessary tools for a comprehensive understanding of the field.

SOFR Futures and Options is the practical guide through the maze of the transition from LIBOR. In the first section, it provides an in-depth explanation of the concepts involved: The repo market and the construction of SOFR SOFR-based lending markets and the term rate The secured-unsecured basis SOFR futures and options and their spread contracts Margin and convexity Applying these insights, the second section offers detailed worked-through examples of hedging loans, swaps, bonds, and floors with SOFR futures and options, supported by interactive spreadsheets accessible on the web. The gold standard resource for professionals working at financial institutions, SOFR Futures and Options also belongs in the libraries of students of finance and business, as well as those preparing for the Chartered Financial Analyst exam.

Emerging market stock issuance relative to GDP rose in the late twentieth century to levels that roughly matched that of advanced, industrial markets. Nonetheless, the connection between owning shares of emerging market stock and the ability to influence the management of these firms remains fundamentally different from the analogous institutional connection that has evolved in industrial markets. The reasons for the differences in emerging markets are both historical and political in nature. That is, local equity markets have had the objective of providing for some degree of local ownership and control of large economic entities since the late nineteenth century. However, local markets have operated under different global political structures since that time, ranging from imperialism, to world wars, to sovereign developmental states, to neo-liberal states. Shares issued under these different structures have been reconfigured over time, resulting in a lack of convergence along either the Anglo-American or Continental models of corporate governance. The author uses a political science paradigm to explain the growth of emerging equity markets. She departs from conventional economic explanations and examines politics at the micro-level of large issues of emerging market stock. The second half of the book presents case studies dealing with emerging market countries in Latin America, Asia, Russia and Eastern Europe, Africa and the Middle East. The case studies connect the regional, state, and firm levels to detail the multiple ownership and control arrangements, and to dispel the notion that mere quantitative growth of these markets will lead to a convergence in financial institutional structures along the lines of the industrial core of the world economy.

We all depend on money every day. But almost none of us understand it.

Have you ever wondered why your shopping bill keeps getting more expensive? Or how the government can produce billions out of thin air while your savings are shrinking? Or where you should put your money in an age of economic turmoil? Here, a leading investor offers a crash-course in how money works, and how to make yours go further. You will never look at your bank balance the same way again.

Financialization has become the go-to term for scholars grappling with the growth of finance. This Handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy. It takes stock of the diverse avenues of research that comprise financialization studies and the contributions they have made to understanding the changes in contemporary societies driven by the rise of finance. The chapters chart the field's evolution from research describing and critiquing the manifestations of financialization towards scholarship that pinpoints the driving forces, mechanisms and boundaries of financialization. Written for researchers and students not only in economics but from across the social sciences and the humanities, this book offers a decidedly global and pluri-disciplinary view on financialization for those who are looking to understand the changing face of finance and its consequences.

Sensible ways to manage and repair your credit Need a credit makeover? You're not alone: in the U.S., outstanding credit card and other types of revolving debt have jumped over 20% in the past decade, and millions of Americans are struggling with one or more credit-related issues. Whether you're just working on improving your score or need some sound advice on how to make debt a thing of the past, the latest edition of Credit Repair Kit for Dummies is packed with reliable information for escaping the quicksand and taking the concrete steps needed to build up a solid score. There are many reasons why you might have a subpar credit score--mortgage and auto debt, student loans, impacts of disasters such as COVID-19, and even identity theft. This book covers these scenarios and more, helping you identify the reasons behind a lower score and providing you with straightforward, proven techniques for managing it back to where you want it to be. Also included are sample credit reports, forms, templates, and other helpful online tools to use to whip your score into decent shape. Add information to your report to beef-up a low score Avoid, reduce, and get rid of mortgage, credit card, student loan, and auto debt Keep a good credit score during a period of unemployment Fight back against identity theft A good credit score is always a great thing to have. This book shows you how to put even the worst credit situations behind you and make a poor score just a bad--and distant--memory.

'Fascinating' Stylist magazine 'A powerful reminder that we cannot discuss 'wellness' without also talking about the elephant in the room: money. This book isn't just about getting reconnected with a helpful app or spreadsheet but something much more important than that: it will inspire you to reconnect with yourself.' Emma Gannon Financial Wellness and How to Find It takes finance out of the business pages and into our personal lives. It tells us that the way we think about money has a lot to do with the way we think about ourselves, and the stories we believe about what we deserve. When you feel bad about money, it's hard to feel good about life. We focus on health and wellness as essential for happiness, but so often we choose to bury our heads in the sand when it comes to taking positive action over our finances. Financial wellness doesn't mean being rich, having a portfolio of stocks and shares, or being #debtfree. It's about understanding your emotions around money, knowing who you can turn to for support and being aware of your subconscious beliefs about self-worth. Melanie Eusebe, founder of Money Moves, shares the tools and resources you need to reset your relationship with money, and take charge of your financial happiness, whatever your situation, and regardless of the economy. Financial Wellness and How to Find It is empowering and essential reading for anyone who ever earned a paycheque (and spent it).

This book constitutes the thoroughly revised post-conference proceedings of the Second International Conference on Financial Cryptography, FC '98, held in Anguilla, British West Indies, in February 1998.
The 28 revised papers presented were carefully selected and improved beyond the versions presented at the meeting. The book presents the state of the art in research and development in financial cryptography and addresses all current topics such as electronic payment systems, digital cash, electronic commerce, digital signatures, payment transactions, revocation and validation, WWW commerce, trust management systems, and watermarking.

Practical guidance to optimize the benefits of your accounting degree--no matter what stage of your career! Originally conceived and designed to provide helpful advice to college and university accounting majors and early-career professionals, this book evolved into a valuable resource for those groups as well as others who may be further along in their accounting careers. It contains many practical examples and real-life experiences from a long and successful career in the profession that you won't find in any accounting, auditing, or tax textbook. And it is written in a fun and engaging style with a simple goal in mind: to share lessons learned and insights that will help accountants of all ages optimize their career opportunities! Jerry Maginnis, CPA, the former Office Managing Partner for the Philadelphia office of KPMG, one of the "Big Four" Accounting Firms, currently serves as the "Accounting Executive in Residence" at Rowan University in Southern New Jersey. In this role, he has counseled and mentored dozens of students and early career professionals. The book leverages Jerry's real-world experience and his advice and counsel is delivered in a fashion that will make you feel like you are having a one on one conversation with him! Readers will also enjoy: Advice delivered concisely: each chapter is succinct and provides essential takeaways and action plans for all points in a career A guidebook that is efficiently organized into three sections--for college and university students, for early-career professionals, for accountants of all ages and experience levels--allowing the reader to focus on the sections that are most applicable to them An excellent refresher or reminder of concepts or principles that are important to even the most successful and experienced accountants Loaded with "real world" tips and techniques, Advice for a Successful Career in the Accounting Profession is an ideal resource for accountants and auditors, tax and advisory professionals, and University professors and high school instructors teaching Accounting, undeclared business majors, underrepresented populations, and students aspiring to become CPAs.

Why is it so hard to make lasting changes in our companies, in our communities, and in our own lives? The primary obstacle is a conflict that's built into our brains, say Chip and Dan Heath, authors of the critically acclaimed bestseller Made to Stick. Psychologists have discovered that our minds are ruled by two different systems-the rational mind and the emotional mind-that compete for control. The rational mind wants a great beach body; the emotional mind wants that Oreo cookie. The rational mind wants to change something at work; the emotional mind loves the comfort of the existing routine. This tension can doom a change effort-but if it is overcome, change can come quickly. In Switch, the Heaths show how everyday people-employees and managers, parents and nurses-have united both minds and, as a result, achieved dramatic results: The lowly medical interns who managed to defeat an entrenched, decades-old medical practice that was endangering patients. The home-organizing guru who developed a simple technique for overcoming the dread of housekeeping. The manager who transformed a lackadaisical customer-support team into service zealots by removing a standard tool of customer service In a compelling, story-driven narrative, the Heaths bring together decades of counterintuitive research in psychology, sociology, and other fields to shed new light on how we can effect transformative change. Switch shows that successful changes follow a pattern, a pattern you can use to make the changes that matter to you, whether your interest is in changing the world or changing your waistline.

This book constitutes the strictly refereed post-proceedings of the First International Conference on Financial Cryptography, FC '97, held in Anguilla, BWI, in February 1997.
The 31 revised contributions presented were carefully reviewed and revised for inclusion in the book. The book provides a unique synopsis on financial cryptography, taking into account the views and ideas of cryptographers, security experts, computer hackers, lawyers, bankers, journalists and administrative professionals. The papers cover the whole spectrum of the security of financial transactions or digital commerce in general, ranging from pure cryptosystems to the technology of electronic money to legal and regulatory policy issues.

"This superb work belongs in the libraries of all universities. Essential."--"Choice" ""The Power of Money" is a brilliant and highly original piece of scholarship on a group of inscriptions about which much has been written and whose interpretation is crucial for our understanding of the way in which Athens ruled her empire."--Martin Ostwald, Swarthmore College "Thomas Figueira's work on Athenian monetary policy is not only solid, thorough, and meticulously reasoned but also new and original in its conception. It will be a basic text for all concerned with the Athenian empire and its economy well into the new century."--Mabel L. Lang, Bryn Mawr College ""The Power of Money" is potentially the most significant work on the Athenian Empire written in many years. . . . Quite simply, the current understanding of Athens' economic relations with her allies will have to be totally reconsidered as a result of Figueira's work."--Stanley Burstein, California State University, Los Angeles ""The Power of Money" is a major contribution to the scholarship of classical Greece. . . . It will be cited and used with approval in all serious future acounts of fifth-century political history. It will also occupy an important place in the scholarship on ancient coinage and economics. It is masterful scholarship all around, on both the technical and conceptual levels."--John H. Kroll, The University of Texas "A work of immense learning."--Harold B. Mattingly, "American Journal of Archaeology" Was Athens an imperialistic state, deserving all the reputation for exploitation that adjective can imply, or was the Athenian alliance, even at its most unequal, still characterized by a convergence of interests? "The Power of Money" explores monetary and metrological policy at Athens as a way of discerning the character of Athenian hegemony in midfifth-century Greece. It begins with the Athenian Coinage Decree, which, after decades of scholarly attention, still presents unresolved questions for Greek historians about content, intent, date, and effect. Was the Decree an act of commercial imperialism or simply the codification of what was already current practice? Figueira interprets the Decree as one in a series concerned with financial matters affecting the Athenian city-state and emerging from the way the collection of tribute functioned in the alliance that we call the Athenian empire. He contends that the Decree served primarily to legislate the status quo ante. Thomas Figueira is Professor of Classics and of Ancient History at Rutgers University, New Brunswick.

The book focuses on smart computing for crowdfunding usage, looking at the crowdfunding landscape, e.g., reward-, donation-, equity-, P2P-based and the crowdfunding ecosystem, e.g., regulator, asker, backer, investor, and operator. The increased complexity of fund raising scenario, driven by the broad economic environment as well as the need for using alternative funding sources, has sparked research in smart computing techniques. Covering a wide range of detailed topics, the authors of this book offer an outstanding overview of the current state of the art; providing deep insights into smart computing methods, tools, and their applications in crowdfunding; exploring the importance of smart analysis, prediction, and decision-making within the fintech industry. This book is intended to be an authoritative and valuable resource for professional practitioners and researchers alike, as well as finance engineering, and computer science students who are interested in crowdfunding and other emerging fintech topics.

From the UK’s ‘statistical national treasure’, a clever and data-driven guide to how we can live with risk and uncertainty

We live in a world where uncertainty is inevitable. How should we deal with what we don’t know? And what role do chance, luck and coincidence play in our lives?

David Spiegelhalter has spent his career dissecting data in order to understand risks and assess the chances of what might happen in the future. In The Art of Uncertainty, he gives readers a window onto how we can all do this better.

In engaging, crystal-clear prose, he takes us through the principles of probability, showing how it can help us think more analytically about everything from medical advice to pandemics and climate change forecasts, and explores how we can update our beliefs about the future in the face of constantly changing experience. Along the way, he explains why roughly 40% of football results come down to luck rather than talent, how the National Risk Register assesses near-term risks to the United Kingdom, and why we can be so confident that two properly shuffled packs of cards have never, ever been in the exact same order.

Drawing on a wide range of captivating real-world examples, this is an essential guide to navigating uncertainty while also having the humility to admit what we do not know

Learn the ins-and-outs of managing, funding, and handling the accounting for a nonprofit Nonprofits are not like other businesses. They’re special. It doesn’t matter if you’re launching a career as part of a multi-million dollar organization or a volunteer running your local little league, you’ll need special know-how to navigate the accounting practices and funding needs of a not-for-profit. Nonprofit Management All-in-One For Dummies is your guide for know-how on making a nonprofit organization operate properly. This beginner-friendly reference helps replace your shelf of nonprofit how-to books with a single reference to answer your questions on how to manage a mission-focused organization, build budgets, and raise funds while staying within the confines of the laws governing nonprofits. You'll also find advice on valuable skills like marketing that benefit your organization. Learn how to run a nonprofit organization Find funding for your organization and stay tax compliant Get a grasp on nonprofit accounting principles Market your organization and fulfill your mission This 5-books-in-1 Dummies guide is excellent for volunteers who step up to run a nonprofit that’s near and dear to their hearts or would-be professional non-profit managers who need advice on how to manage and grow an organization.

The research described in this book contributes to the scientific field of optimal control theory applied to dynamic models of the firm. In 1963, Jorgenson first wrote about the use of optimal control theory in order to analyze the dynamic investment behaviour of a hypothetical firm. A decade later, reports appeared of work on more realistic models of the firm carried out by, amongst others, Lesourne [1973) and Bensoussan et al. [1974). In The Netherlands, P. A. Verheyen, Professor of Management Science at Tilburg University, further instigated studies in this field which led to several publications, for example: Van Loon [1983], Van Schijndel [1988), Kort [1989]' Van Hilten [1991) and Van Hilten et al. [1993). Their investigations are char- acterized by an analytical approach to optimization problems (The Maximum Principle of Pontryagin combined with the path coupling procedure of Van Loon). Inherent to this approach, a good economic interpretation of solutions is obtained; however, analytical solving becomes practically unfeasible when simulation models become more complex, e. g. by stronger non-linearity, explic- itly time-dependent functions and larger numbers of state variables, control variables and subsidiary conditions. For example, the path coupling procedure is complicated for optimization problems where discontinuities in the costate variables occur. At Eindhoven University of Technology, P. M. E. M.

This volume presents the proceedings of the First International Conference on Applications of Databases, ADB-94, held at Vadstena, Sweden in June 1994. ADB-94 provided a unique platform for the discussion of innovative applications of databases among database researchers, developers and application designers. The 28 refereed papers were carefully selected from more than 100 submissions. They report on DB applications, for example in air traffic, modelling, maps, environment, finance, engineering, electronic publishing, and digital libraries, and they are devoted to advanced database services, as for example image text and multimedia modelling, fuzzy set based querying, knowledge management, heterogeneous multidatabase management, and intelligent networks.

By virtue of several theoretical models and hypotheses, this book is one of the earliest studies which systematically investigates the structure and changes of China's financial institutions. To begin with, it examines the relation between state utility function and China's economic growth, and reveals the formation and transition of China's state-owned financial institutional arrangements. Based on this analysis, the author studies the influence of monetization on the arrangements, and the financial support to China's gradual reform which have long been neglected by researchers. Also, the model of money demand that can explain the specific conditions of the gradual reform is built, as the neoclassical framework has been incapable of explaining China's financial performance. In the last chapter, it discusses the dilemma of property rights under the state-owned financial system, with the establishment of the credit equilibrium model and the dual model of bad debts. With insightful theoretical analysis and empirical researches, this book will appeal to scholars and students in finance, economics and economic history.

This volume provides a topical and up-to-date introduction to the principal Western financial markets and institutions, particularly those in the USA, Europe and Japan. The scope is comprehensive and topics covered include: commercial and investment banking, money and insurance, options, futures and other derivative products. A glossary of financial terms is also provided, and a final chapter surveys the key trends and issues in the market today.;A second edition is available: "An Introduction to Global Financial Markets" (hardback: 0-333-69584-4; paperback: 0-333-69394-9).

The recent introduction of two European index options on the FTSE Eurotrack 100 and the Eurotop 100 is evidence of a demand from investors to hedge pan-European risk. The FTSE Eurotrack 100 was designed to closely resemble the longer established and widely quoted Morgan Stanley European index. The Eurotrack 100 covers a hundred companies in eleven countries in continental Europe. The index is denominated in DM and' a breakdown by value into the different countries covered is given in figure 1. Capitalisation weights for Figure 1 FT-SE Eurotrack 100 Index Norway mark Germany Italy Switzerland France Netherlands Another recently introduced European index is the Eurotop 100 index denominated in EeUs, this index contains twenty two UK companies which represent 27% by value of this index. The attraction of investments in these indices is that they provide a basis for weighted exposure to Europe, investors can then build on this 240 basis by investment in individual countries. The multinational context of the universe of shares defined by this index raises some new questions for the selection of portfolios, whether the portfolios are chosen for absolute performance or to track the index. Various possible objectives of portfolio selection will be discussed, in all cases the crucial role of the covariance matrix of returns is clear. The extra source of risk present in a multinational portfolio is the combination of country risk coupled with foreign exchange risk. Two models of the return covariance matrix are proposed and examined.

This book provides a clear and concise summary of the present state of the theory of inflation accounting for students and practitioners. It describes all of the main alternative methods of inflation accounting and illustrates them, using simple numerical examples. The theoretical and practical aspects of each method are discussed, in order to give the reader the framework within which he can evaluate the relative merits of the various practical solutions to the inflation accounting problem which are now being implemented in the UK, USA and elsewhere throughout the English-speaking world. The emphasis throughout is on a comparison of the relative merits of alternative systems, rather than aiming to give a single 'best' solution. Indeed the latter aim is seen as most probably illusory, because different types of accounting information may be needed for different purposes.

The first edition of The Price of Football quickly established itself as the go-to guide to understanding football club finance for the serious fan. Kieran Maguire, one of the UK's top football finance analysts, shows how professional clubs operate as businesses and explains, in non-technical language, how to read, understand and interrogate club accounts. As a clear-headed analysis and presentation of the financial imperatives and challenges facing football clubs across the English and Scottish Leagues, it has become a welcome resource not only for students of the industry, but by a wider constituency of supporters looking to understand their club's latest transfer deal, or season ticket price. This fully revised and updated edition includes analysis of the most recent club accounts, the latest legal rulings on club affairs, as well as the impact of Covid-19 on the game's finances.