Following substantial policy reforms in many countries, the past decade has been characterized by a remarkable increase of long-term private capital flows to the developing world. However, the bulk of these investments has concentrated on a few economies at the intermediate level of the international income distribution, while the large number of low-income countries has been mostly neglected by international investors. Starting from these observations, International Investment, Political Risk, and Growth analyzes the potential growth effects of liberalizing investment regimes in developing economies and offers an explanation for the apparent bias of private capital flows towards middle-income countries. It demonstrates that the removal of investment barriers may liberate an economy from a vicious circle of poverty, unproductive saving, and low growth, and presents a novel approach to analyzing the role of political risk as a major impediment to greater private capital inflows. Offering a combination of theoretical models and empirical analysis, and discussing both the historical evidence and the recent literature, this book contributes to a better understanding of the determinants and consequences of international investment in developing countries.

Woodward, Nigh, and their colleagues provide a comprehensive investigation of foreign ownership in the United States. Based on the latest, most reliable data and comprising the viewpoints of leading authorities on foreign direct investment, the book offers detailed, previously unpublished information on the effects of foreign direct investment in the United States. The authors find that foreign-owned and domestic corporations are similar in many aspects of their behavior and its effects on the U.S. economy and society, but there are important differences too. By showing exactly where these similarities and differences lie, and using evidence that goes beyond anecdotes, the book makes a significant contribution to the improvement of public policy in the FDI arena. Its primary finding: globalization reduced foreigness. This is an important resource for professionals and academics alike, and for students of international business and economics on the graduate level.

Covering the state of knowledge on FDI in the 1990s, this work shows how it has moved beyond the polarizing debate over the foreign invasion that characterized much of the writings in the 1980s. It explores multinational companies' political action and corporate citizenship. Its policy section discusses foreign and domestic participation in federal industrial policy programs, and whether current regulations make sense. The book also offers a new approach to demarcating foreign ownership in national security/defense industrial bases. In its policy chapters the book covers the question of national treatment and investment in telecommunications. The book concludes with a timely analysis of the Multilateral Agreement on Investment under review by the Organization for Economic Cooperation and Development and the World Trade Organization.

Global Investments, the Sixth Edition of the previously titled International Investments, provides accessible coverage of international capital markets using numerous examples to illustrate the applications of concepts and theories. The new title reflects the current understanding that the distinction between domestic and international is no longer relevant and that asset management is global. This book is ideal for CFA(r) (Chartered Financial Analyst) candidates, advanced finance undergraduates, and MBA students, and it has been selected by the CFA Institute as part of the curriculum to deliver the Candidate Body of Knowledge for the CFA. The text is also widely used by professionals working in the investments area, as the level is accessible to students and portfolio managers without recent training in portfolio theory.

Expert advice on a mature, reliable way to invest money

According to "Fortune" magazine, investing in dividends is one of the top five ways to survive market instability. "Dividend Stocks For Dummies" gives you the expert information and advice you need to successfully add dividends to your investment portfolio, revealing how to make the most out of dividend stock investing-no matter the type of market.Explains the nuts and bolts of dividends, values, and returnsShows you how to effectively research companies, gauge growth and return, and the best way to manage a dividend portfolioProvides strategies for increasing dividend investments

Weather a down market-reach for "Dividend Stocks for Dummies "

A gripping and entertaining memoir that shines a rare light on the people that are reshaping our world.

Veteran Morgan Stanley banker Alok Sama thought he’d seen it all. Then he found himself chief dealmaker at the most influential technology investor in the world: SoftBank, backer of Arm Holdings, Yahoo, Nvidia, TikTok, Uber, T-Mobile, Alibaba and WeWork.

The Money Trap is Sama’s thrilling, stranger-than-fiction story, detailing his experiences alongside SoftBank’s iconic founder Masayoshi Son – a visionary maverick who wants to be remembered as ‘the crazy guy who bet on the future’ and whose mission is ‘happiness for everyone’. Sama takes the reader on a wild ride as he consorts with billionaire CEOs and heads of state, negotiates mega-deals across the world and contends with a mysterious dark-arts smear campaign that takes a toll on his private life.

This fascinating and humorous saga provides a unique insider perspective on an industry that is disrupting our daily lives. Written with self-deprecating wit, unflinching honesty and searing introspection, The Money Trap is ultimately a morality tale: in life, as in technology investing, more money isn’t always the answer.

Successful real estate investments play an essential role in Canadian investors' portfolios. The growth in wealth in real estate markets has presented investors with tremendous opportunities to capitalize on and expand their range of investments, and has moved real estate investing from a niche product to a pillar of smart portfolio diversification. In Making Money in Real Estate, 2nd Edition, Douglas Gray demystifies the Canadian real estate market for novice investors and presents new strategies for veteran investors. Learn to: * Understand the real estate market cycles * Find a property and assess its investment potential * Build a trustworthy real estate team * Arrange financing on good terms * Use negotiating tactics that work * Understand tax and legal issues * Manage a property * Avoid the pitfalls that many investors fall into * Examine the pros and cons of non-residential property investment options Readers of previous editions will appreciate the vital changes to mortgage rules, taxation and legislation, and the inclusion of information on commercial real estate. Thorough coverage in plain English makes Making Money in Real Estate, 2nd Edition the next logical step for investors who want to begin or expand their real estate portfolios, and is a critical and indispensable tool in investment decision making.

Much of what we consider modern economics is the work of British journalist and economist Walter Bagehot, one of the first editors of the influential newspaper The Economist and an early proponent of business cycles. Here, he develops his theory of central banking, much of which continues to impact financial thinking today. First published in 1873, this replica of the updated 1910 edition explores the history of London's Lombard Street, from how it came to be the traditional home of banks and moneylenders to how the value of money was determined by the institutions there. Joint stocks, private banking, and the regulation of the banking reserve: Bagehot's discussion of these fundamental economic issues makes this a vital resource for anyone wishing to understand financial history. WALTER BAGEHOT (1826-1877) also wrote The English Constitution (1867), Physics and Politics (1872), and The Postulates of English Political Economy (1885), among other works.

A hands-on guide to navigating the new fuel markets Fuel Hedging and Risk Management: Strategies for Airlines, Shippers and Other Consumers provides a clear and practical understanding of commodity price dynamics, key fuel hedging techniques, and risk management strategies for the corporate fuel consumer. It covers the commodity markets and derivative instruments in a manner accessible to corporate treasurers, financial officers, risk managers, commodity traders, structurers, as well as quantitative professionals dealing in the energy markets. The book includes a wide variety of key topics related to commodities and derivatives markets, financial risk analysis of commodity consumers, hedge program design and implementation, vanilla derivatives and exotic hedging products. The book is unique in providing intuitive guidance on understanding the dynamics of forward curves and volatility term structure for commodities, fuel derivatives valuation and counterparty risk concepts such as CVA, DVA and FVA. Fully up-to-date and relevant, this book includes comprehensive case studies that illustrate the hedging process from conception to execution and monitoring of hedges in diverse situations. This practical guide will help the reader: * Gain expert insight into all aspects of fuel hedging, price and volatility drivers and dynamics. * Develop a framework for financial risk analysis and hedge programs. * Navigate volatile energy markets by employing effective risk management techniques. * Manage unwanted risks associated with commodity derivatives by understanding liquidity and credit risk calculations, exposure optimization techniques, credit charges such as CVA, DVA, FVA, etc. Praise for Fuel Hedging and Risk Management "Risk Management is an art, not a science, but it certainly helps to know a lot of science. In this book, the authors provide an excellent overview of both qualitative and quantitative aspects of risk management and how to design and implement effective win-win fuel oil hedging strategies that will achieve the desired objectives under normal and extreme market conditions. In addition to discussing key foundational issues, the book also discusses a framework to understand and manage hugely important second-order effects, such as credit risk or margin calls or asset-liability mismatches, which have the potential to turn a good idea into a bad outcome. A must read for anyone in the finance department of a corporate, trade house, or financial firm involved in fuel oil hedging." Diego Parrilla, Former Global Head of Commodity Solutions and Head of Commodities, Bank of America "This book provides highly useful insights into hedging and risk management methodologies, as well as theory, for the users of energy products. Dafir provides intuition stemming from not just top-tier commodity structuring expertise, but also broader insight from his earlier experience as a credit derivatives and exotics trader." Mitch Matharu, former Head of Structuring, Merrill Lynch "An Absolute Must Read. From the fundamentals of oil markets to the key points in negotiating a credit agreement and minimizing hedging costs, passing by the subtleties of implied volatility surface construction and its implications in derivatives pricing, this book offers you the indispensable practitioner's toolbox, useful whether you are a novice or a seasoned fuel trader." Frederic Cogny, Global Head of Commodities Structured Products Trading, Standard Chartered Bank "In this book, Dafir blends his deep knowledge of the commodity markets and the vagaries of the financial market with his incredible mathematical ability to explore fuel hedging in a manner accessible to Fuel Procurement Departments, CFOs and board members." Mark Long, Former Head and Managing Director of Merrill Lynch Commodities Asia "...This book is a hands-on guide for anyone interested in "Fuel Hedging and Risk Management", including lawyers involved in the execution of commodities hedging transactions and related ISDA and CSA negotiations." Justin Boyd, Former Head of Financial Markets Legal, Standard Chartered Bank

Praise for THE WARREN BUFFETT PORTFOLIO

THE EXTRAORDINARY FOLLOW-UP TO "THE MOST IMPORTANT STOCK BOOK OF THE 1990s."——KENNETH L. FISHER, Forbes

"This is an outstanding investment book and an important one. In The Warren Buffett Way, Robert Hagstrom explained how Warren Buffett invests. In The Warren Buffett Portfolio, he explains how you can become a better investor. Studied carefully and taken to heart, the principles and methods covered in this book will profit the novice and professional alike. A rare achievement."——BILL MILLER, President, Legg Mason Fund Advisor, Inc.,and Morningstar’s 1998 Domestic Equity Fund Manager of the Year

"Thank you, Robert Hagstrom, for the finely honed thinking, the clear writing and the simple strategies that help all of us be more successful at one of life’s most intriguing and intimidating tasks: investing our money."——JANET LOWE, Author, Warren Buffett Speaks and The Rediscovered Benjamin Graham

"Does your favorite mutual fund own too many stocks for its own good? Do fewer stocks produce happier returns? Hagstrom makes a persuasive and provocative case."——JOHN ROTHCHILD, Author, The Bear Book: Survive and Profit in Ferocious Markets

"One of the top 10 investing books of the year 1999."——HARRY EDWARDS, Business Editor, amazon.com

Please visit our Web site at www.wileyfinance.com

Art and finance coalesce in the elite world of fine art collecting and investing. Investors and collectors can't protect and profit from their collections without grappling with a range of complex issues like risk, insurance, restoration, and conservation. They require intimate knowledge not only of art but also of finance.
Clare McAndrew and a highly qualified team of contributors explain the most difficult financial matters facing art investors. Key topics include: Appraisal and valuationArt as loan collateralSecuritization and taxationInvesting in art fundsInsuranceThe black-market art trade

Clare McAndrew has a PhD in economics and is the author of "The Art Economy." She is considered a leading expert on the economics of art ownership.

Foreign Direct Investment examines the different approaches to explaining the growth and distribution of FDI in the world. Pulling together contributions from an array of international experts, this study combines theoretical with empirical work on issues such as computable general equilibrium modelling, trade, intellectual property, environment, labour, services and development.
By analysing different aspects of the growth and impact of FDI this book is able to balance areas where research is well advanced with areas, such as the role of FDI in development, where many questions remain. This insightful and important text will be useful to students of development economics as well as policy makers and researchers.

eBook available with sample pages: 0203469690

THE NATIONAL BESTSELLING BOOK THAT EVERY INVESTOR SHOULD OWN

Peter Lynch is America's number-one money manager. His mantra: Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.

Now, in a new introduction written specifically for this edition of One Up on Wall Street, Lynch gives his take on the incredible rise of Internet stocks, as well as a list of twenty winning companies of high-tech '90s. That many of these winners are low-tech supports his thesis that amateur investors can continue to reap exceptional rewards from mundane, easy-to-understand companies they encounter in their daily lives.

Investment opportunities abound for the layperson, Lynch says. By simply observing business developments and taking notice of your immediate world -- from the mall to the workplace -- you can discover potentially successful companies before professional analysts do. This jump on the experts is what produces "tenbaggers," the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer.

The former star manager of Fidelity's multibillion-dollar Magellan Fund, Lynch reveals how he achieved his spectacular record. Writing with John Rothchild, Lynch offers easy-to-follow directions for sorting out the long shots from the no shots by reviewing a company's financial statements and by identifying which numbers really count. He explains how to stalk tenbaggers and lays out the guidelines for investing in cyclical, turnaround, and fast-growing companies.

Lynch promises that if you ignore the ups and downs of the market and the endless speculation about interest rates, in the long term (anywhere from five to fifteen years) your portfolio will reward you. This advice has proved to be timeless and has made One Up on Wall Street a number-one bestseller. And now this classic is as valuable in the new millennium as ever.

The authors consider the opportunities for foreign participants in the rapidly evolving People's Republic of China across all sectors of economic activity: banking, securities markets, infrastructure, and business investment. In each case, government regulation, legal structure, market organization, and recent trends are analyzed. Consideration is given to central government strategies to modify policies to achieve particular goals. The foreign participant must be aware of these policy changes and the strategies that guide them. Special attention is given to the foreign exchange system as it affects the foreign participant, and the several reforms undertaken in the foreign exchange sector.

Anyone who wants to understand stock market cycles and develop a focused, thoughtful, and solidly grounded valuation approach to the stock market must read this book. Bolten explains the causes and patterns of the cycles and identifies the causes of stock price changes. He identifies the sources of risks in the stock market and in individual stocks. Also covered is how the interaction of expected return and risk creates stock market cycles. Bolten talks about the industry sectors most likely to be profitable investments in each stage of the stock market cycles, while identifying the stock market bubble and sinkhole warning signs. The role of the Federal Reserve in each stage of the stock market cycle is also discussed.

All the categories of risk are identified and explained while no specific risk is left undiscussed. The underlying causes for long-term stock price trends and cycles are highlighted. The book is useful in many areas including stock analysis, portfolio management, cost of equity capital, financing strategies, business valuations and spotting profit opportunities caused by general economic and specific company changes.

General Aviation Aircraft Design, Second Edition, continues to be the engineer's best source for answers to realistic aircraft design questions. The book has been expanded to provide design guidance for additional classes of aircraft, including seaplanes, biplanes, UAS, high-speed business jets, and electric airplanes. In addition to conventional powerplants, design guidance for battery systems, electric motors, and complete electric powertrains is offered. The second edition contains new chapters: Thrust Modeling for Gas Turbines Longitudinal Stability and Control Lateral and Directional Stability and Control These new chapters offer multiple practical methods to simplify the estimation of stability derivatives and introduce hinge moments and basic control system design. Furthermore, all chapters have been reorganized and feature updated material with additional analysis methods. This edition also provides an introduction to design optimization using a wing optimization as an example for the beginner. Written by an engineer with more than 25 years of design experience, professional engineers, aircraft designers, aerodynamicists, structural analysts, performance analysts, researchers, and aerospace engineering students will value the book as the classic go-to for aircraft design.

This book will give the reader insight into how to model yield curves in our incomplete and imperfect financial markets. An extensive list of yield curve models are shown and discussed. Using actual market instruments, these models are then applied and the different yield curves are compared. It is assumed that the reader has a basic understanding of the financial instruments available in the market. Various issues that have to be taken into account in practice are discussed, like daycount conventions, business-day rules, the credit quality of the instrument and liquidity to name but a few. It is also shown how yield curves can be used to estimate credit spreads and country risk premiums. Creating a yield curve model has some implications in risk management. Specifically - the model, operational, liquidity and basis risks are discussed.

Starting from scratch, it took the world's greatest investor, Warren Buffett, nearly five decades to make his first $100m. This book explains the reasoning behind each investing milestone on that journey, tracks the deals he made and shows how they added to his wealth.Without much of an idea about investing in shares at the beginning, Buffett had to develop his investment philosophy, and learn through success and failure how to select companies worth backing. It was not all plain sailing, with many mistakes along the way; and there were long periods of frustration with the market. The fact that Buffett made errors is quite reassuring for other investors. The key is to learn from them, and to accept with evenness of temper the many bumps in the road.

For any company or person considering or currently serving in the capacity of an ERISA (Employee Retirement Income Security Act) fiduciary, author Christian D. Rahaim's" The Fiduciary: An In-depth Guide to Fiduciary Duties--From Studebaker to Enron," is an invaluable resource.

"The Fiduciary "contains essential material--from the evolution of the fiduciary concept to its adaptation in ERISA and its continued evolution in the workplace. The clear and concise chapters build the framework for the reader to develop an understanding of the content, operations, and issues with the fiduciary obligation, such as: -An overview of pension plans -Responsibilities of a fiduciary -Investment management for defined contribution and benefit plans -Plan fees and expenses -Administration and compliance Christian Rahaim relies on more than twelve years of human resource management experience to guide employers through the processes related to employee benefits and fiduciary responsibilities. Citing the classic example of the Studebaker Corporation and the high-profile debacle of Enron, he details major factors that should be considered in fiduciary roles. "The Fiduciary" is an employers' guide for updated information on the increasingly controversial, legislated, and litigated topic of employee benefit plans.