Bowditch refuses to see African nations as basketcases on a continent of despair; instead, he examines Ghana as a country of potential opportunity in an economically emerging continent. He explores a new generation of issues around the connection between cultural values and behavior to provide international investors, Ghanaians, and others with a better understanding of the Ghanaian--and African--business environment.

Drawing upon some seven years of living and working in Ghana, Bowditch provides several different contemporary vantage points on sub-Saharan Africa's first independent nation. First examining the core cultural values of the Ghanaian people, he then looks at Ghanaian business practices. The result is an indepth look at how Ghanaians approach life, business, religion, and family, how that directly impacts the way they manage their institutions, and how that differs from prevailing international business behavior. Bowditch then probes these cultural differences and the frequently overlooked racial preconceptions that impede relations and collaboration between Ghanaians, other Africans, and Westerners. Through his unusually intimate exploration of Ghanaian life, values, business thinking, and management culture, Bowditch brings the reader full circle, answering the question: can Africa become an economic lion?

This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as comprehensively summarizes the empirical evidence on important aspects of these instruments of risk transfer. Full-time academics, researchers at financial institutions, and students will benefit from the dispassionate and comprehensive summary of the academic literature; they can read this book instead of identifying, collecting, and reading the hundreds of academic articles on the important subject of credit risk transfer using derivatives and benefit from the synthesis of the literature provided.

This book examines selected actions and investments of the European Central Bank (ECB) from a climate and sustainability standpoint. Shedding new light on the topic from various angles - ethical, philosophical, political, economical and legal - it situates sustainability mainstreaming in the finance and investment field at all levels. The former ECB President Mario Draghi once said that he considered sustainable development and an intact environment to be human rights, and therefore enshrined in the EU Charter of Fundamental Rights. The acting ECB President Christine Lagarde added that the future path for the climate is uncertain, but it would remain within our power to influence it. However, with all that in mind the ECB's policy of buying assets as securities is often questionable. This volume analyzes these actions in connection with sustainability, and puts forward practical recommendations for improving the ECB's investment strategy on its way creating a sustainable financial market.

This volume take the reader through the legal and accounting principles that govern the valuation of assets. A crucial problem for legal, accounting, banking and venture capital professionals, it is also important to owners and managers of IP assets.

This edited volume brings together contributions from experts on a range of food security issues, and examines them through a number of case studies. A Millennium Development goal and important policy concern, food security is experiencing renewed interest due to globalisation, which has led to population affluence, changing consumption, and production and trade patterns. The authors discuss how globalisation brings a new dimension to the discussion on public policy on food security, and consider the extent to which Global Value Chains (GVCs) dominate trade, investment and international agricultural markets. Food Security and Sustainability therefore sheds new light on the nexus of food security and globalization, as well as its implications for investment and financing in the agro-food sector. The volume draws on papers presented at the inaugural Workshop of the Mediterranean Center for Food Security and Sustainable Growth (MED-SEC), an international network of academics focusing on issues of development, sustainability and food security.

China burst onto the world stage in the mid-1980s and in the past decade has been transformed into a giant magnet for FDI, attracting capital from all over the world. Everyone wants a piece of the China action. Nowhere is this more apparent than in the region of Southeast Asia, tucked as it is geographically beneath China's southern flank. Much of the FDI inflow into China has been at the expense of Southeast Asia. But this has been offset by new opportunities created through China's rapid economic expansion. This book provides an insightful and objective analysis on how to be successful in China, especially for Singapore businessmen. The authors have eloquently distilled several important lessons that have become apparent for business success in China.

This book focuses on the impact of high-frequency data in forecasting market volatility and options price. New technologies have created opportunities to obtain better, faster, and more efficient datasets to explore financial market phenomena at the most acceptable data levels. It provides reliable intraday data supporting financial investment decisions across different assets classes and instruments consisting of commodities, derivatives, equities, fixed income and foreign exchange. This book emphasises four key areas, (1) estimating intraday implied volatility using ultra-high frequency (5-minutes frequency) currency options to capture traders' trading behaviour, (2) computing realised volatility based on 5-minute frequency currency price to obtain speculators' speculation attitude, (3) examining the ability of implied volatility to subsume market information through forecasting realised volatility and (4) evaluating the predictive power of implied volatility for pricing currency options. This is a must-read for academics and professionals who want to improve their skills and outcomes in trading options.

Provocative and controversial, the information found in Empowered Investing reveals powerful tricks of the investment trade. It will give you the education and information to be a confident, informed, and hugely successful investor.

The most successful investors in history, such as Charles Henry Dow, used unique analysis and charting methods. These are the secrets Wall Street doesn't want you to know. Relying on the media and Wall Street research is painful and no longer necessary.

With the advice offered by author Joseph F. LoPresti, you'll learn to chart stocks like Dow, isolate hot sector opportunities, and select the strongest stocks to buy through a series of easy, almost effortless strategies. These exercises will also help you reduce risk and give you a "sell discipline," something desperately needed by most investors. Once you read "Empowered Investing," you'll see how easy it is to implement these startling strategies.

"Empowered Investing" will introduce a different way to make investment decisions that will instantly help you manage your portfolio, build your wealth, and enrich your life.

Holger Markmann studies covered bonds and their market behaviour upon the announcement and implementation of outright covered bond purchases by the eurosystem. After introducing the covered bond market, its reaction to the global financial crisis, and the functionality of unconventional monetary policy to a broad audience, the author analyzes the impact of these purchases. The first Covered Bond Purchase Programme (CBPP1) has lowered covered bond spreads by 3-4 basis points in the short-term, 10 basis points in the medium-term, and increased emission volumes by EURO 103 billion. CBPP2 and CBPP3 have not led to similar effects. However, the programs' effectiveness relies on the market's expectations and its prevalent health. About the Author Holger Markmann is PostDoc at the Real Estate Management Institute (REMI) of EBS Universitat fur Wirtschaft und Recht and Managing Director of a real estate investment firm. His research focuses on real estate capital market financing, bank funding, and unconventional monetary policy. Prior to his current roles, he worked for a bulge bracket investment bank, advising financial institutions on their M&A- and capital market activities.

This is a comprehensive guide to the financial markets' most important and often least understoof instruments. This key practical guide examines derivatives traded in the equity, debt, and currency markets, focusing on those product characteristics that emphasize the instruments' specific uses and applications. Particular attention is paid to product evolution, associate risks, valuation, and trading and hedging strategies. The guide seeks to provide practical solutions to numerous risk management problems through its analysis of both asymmetrical and symmetrical risk products.

The treatment of each instrument, be it exchange listed or over the counter, is designed to highlight its particular features and uses. The following products are explored: stock options; stock index options; currency options; exchange-traded interest rate options; caps, floors, and collars; warrants; interest rate financial futures; stock index futures; forward rate agreements; and swaps. Additional features of the book include: summaries at the end of each chapter highlighting the main characteristics of each instrument; a tabular comparison of the features of all the derivatives discussed in the book; and an extensive glossary explaining much of the terminology used in the world's financial derivatives markets. This volume will provide an excellent reference tool for a wide range of financial professionals, including bankers, dealers, investment analysts, corporate treasurers, fund managers, sophisticated private investors, and market researchers.

Foreign Direct Investment (FDI) studies have evolved as one of the mainstreams in business strategy. This book presents a comprehensive perspective on the motivations behind the studies, the effects of FDI, and how it can be utilized and extended to other areas of studies. Written with a global perspective, this book not only touches upon business strategies but also covers government policies toward promoting and attracting FDI for industrial and economic development. The author, with his vast experience in consulting and research projects for multinational companies, international organizations and governments, examines real world business practices of Eastern firms and how they relate to their Western counterparts, thus making this book a valuable and practical reference not only for students, but for practitioners, too.

The definitive guide to fixed income securities-updated and revised with everything you need to succeed in today's market For nearly 40 years, The Handbook of Fixed Income Securities has been providing comprehensive, current, reliable information on everything investors like you need to stay on top of the market and ahead of the curve. The fixed income market has changed dramatically in the past decade. This updated classic brings you fully up to date for a much-changed world of finance, where central banks play a bigger role, interest is low (and sometimes even in negative territory), regulations are more complex, and new types of securities have been created. Brand-new chapters cover: Relative value trades Muni analytics Financial data science Building and maintaining a bond portfolio Factor investing Relative value trades Smart beta fixed income Infrastructure and green bonds Sovereign bond markets One of the world's leading experts on fixed income securities, Frank Fabozzi has gathered a peerless team of global experts who provide the newest and best techniques for winning in today's markets. Fixed Income Securities, Ninth Edition is a matchless, one-stop resource for all your professional needs.

This book presents selected papers on the factors that serve to influence an individual's capacity in financial decision-making. Initial chapters provide an overview of the cognitive factors affecting financial decisions and suggest a link between limited cognitive capacity and the need for financial education. The book then expands on these cognitive limitations to explore the tendency for overconfidence in decision-making and the interplay between rational and irrational factors. Later contributions show how credit card companies benefit from limitations in consumer financial literacy, how gender and cognition intersect to play an important role in financial decision-making, and how to improve financial capacity through financial literacy and education campaigns, including those addressing developed marketplaces. This comprehensive collection of papers will be of value to all readers who seek to better understand the multi-factorial and complex nature of personal financial management in today's economic climate.

This is a thorough exploration of the evolution of the commercial property investment and development markets from the mid-nineteenth century to the present day. It explains how the current investment scene emerged and fills an important gap in the literature on the property market.

Richard H. Lawrence, Jr. founded Overlook Investments in Hong Kong in 1991. Since inception, Overlook has grown at 14.3% per year for three decades-a remarkable record of growth that is testament to a consistent ability to find and invest in Asia's best companies. This raises two important questions: How did Overlook achieve its success; and how can Overlook best ensure future success? Now, in a level of detail never before disclosed, Richard and the Overlook executive team turn the lens inward to analyse The Overlook Model. They describe the philosophies, practices and people that drive Overlook's outperformance. Welcome to The Model . The Model is composed primarily of stories-of the people, companies, executives and events that have punctuated three decades at Overlook. There are stories of success, but also stories of problems and failure. This is how Overlook learned and grew. The two principal stories are a pulsating case study of the voracious 1997/98 Asian Crisis; and an extended review of TSMC, Asia's finest public company. A sharp focus is also placed on the constituent elements of The Overlook Model: Overlook's Investment Philosophy and Business Practices, which add up to Overlook's Margin of Safety. This analysis of investment theory-how an investment management company should be run-illustrates how Overlook is able to say with confidence that it can nearly guarantee delivery of outperformance to its investors. And where would Overlook be without China? Overlook's experiences in Asia reflect the ways that Overlook's methods of investing have succeeded while Asia grew and matured over the past three decades. For this reason, The Model contains a series of chapters charting Overlook's path in China. Finally, the Overlook executives provide a series of delightful chapters including The Art of Selling; an interview with Jeffrey Lu Minfang; a panel discussion on Overlook's home city of Hong Kong; and thoughts on ESG. The Model is a celebration of three decades of success in investing in Asia. It gives Richard Lawrence, along with James Squire, Leonie Foong and William Leung, the opportunity to answer: Just how did Overlook do it; and can Overlook keep doing it in the future?