Environmental Pricing is an interesting book containing a broad collection of chapters that discuss issues of relevance for environmental policymaking. The topics range from support for renewable energy and fossil fuels via environmental taxation to policies for water management. The book provides relevant information regarding the many issues covered, and some chapters will stimulate further debate.' - Nils Axel Braathen, Principal Administrator OECD, Environment Directorate'As someone who has been involved in speaking, disseminating knowledge and engaging with policymakers for the last couple of decades on environmental taxation I wholeheartedly support and endorse this collection of topical and informative papers . . . a fascinating insight into the latest thinking and research in the field and a highly valued reference source.' - Chas Roy-Chowdhury, The Association of Chartered Certified Accountants, UK Environmental taxes can be efficient tools for successful environmental policy. Their use, however, has been limited in many countries. This thoughtful book explores the scope of environmental pricing and examines a variety of national experiences in environmental policy integration, to identify the most effective use of taxation and policy for environmental sustainability. Environmental taxes are seldom implemented in isolation and are applied in combination with other regulatory instruments. At issue is the critical lack of knowledge on how different policy instruments and taxes interact and work together. This perceptive book considers recent research on the environmental and economic impact of applying environmental taxes. Expert contributors come together to discuss the high potential for wider use of environmental taxation in combination with other policy instruments, and highlight key areas of current practice that must be addressed. Empirical studies of policy strategies are discussed to illustrate the extent to which current climate change policy is integrated against the proposed successful policy combinations that are presented in this insightful book. Environmental pricing will be of interest to scholars, practitioners and policymakers alike in the areas of environmental law, environmental economics and environmental sustainability. Contributors: M. Antenucci, K. Bachus, K. Bubna-Litic, J. Cottrell, E. Fonseca Capdevila, Enrique, M.A. Grau Ruiz, X. Guo, D.L. Jarvie, T. Kawakatsu, C. Kettner, M. Kicia, D. Kletzan-Slamanig, A. Koeppl, L. Kreiser, A. Lerch, Y. Mao, I. Mersinia, A. Pirlot, M. Rosenstock, S. Rudolph, H. Sprohge, F. Vanswijgenhoven, M. Villar Ezcurra, R.H. Weber, J. Wu

Is money precious and scarce, necessitating iron fiscal discipline? Must the government always balance the books or risk ruin? Or is money, in fact, a flexible tool that can be used to mobilize our collective resources to serve those who need them? In this book, leading Modern Money Theory (MMT) advocate Randy Wray explains that the only real constraints on public policy are physical resources, technological capacity and political will: but never money. He shows how modern sovereign governments spend by keystroking money to bank accounts. While taxes serve other important purposes, they do not - contrary to popular belief - fund spending. If we recognize this, and totally reframe how we think about money and debt, we can marshal our national wealth to make us all richer, eliminate unemployment and "look after our own." We can make money work for us - the US. This book's account shows how MMT can become a new American political and economic orthodoxy, replacing the dominant conservative framework forever. It is essential reading for all progressives.

Private equity is more economically significant than ever, as institutions hunt for high returns in a risky world. Private Equity 4.0 examines the role, workings and contribution of this important industry in a straightforward yet revealing manner. Dr. Josh Lerner Jacob H. Schiff Professor of Investment Banking Chair, Entrepreneurial Management Unit Harvard Business School A multi-perspective look at private equity's inner workings Private Equity 4.0 provides an insider perspective on the private equity industry, and analyzes the fundamental evolution of the private equity asset class over the past 30 years, from alternative to mainstream. The book provides insightful interviews of key industry figures, and case studies of some of the success stories in the industry. It also answers key questions related to strategy, fund manager selection, incentive mechanisms, performance comparison, red flags in prospectuses, and more. Private Equity 4.0 offers guidance for the many stakeholders that could benefit from a more complete understanding of this special area of finance. * Understand the industry's dominant business models * Discover how value is created and performance measured * Perform a deep dive into the ecosystem of professionals that make the industry hum, including the different incentive systems that support the industry's players * Elaborate a clear set of guidelines to invest in the industry and deliver better performance Written by a team of authors that combine academic and industry expertise to produce a well-rounded perspective, this book details the inner workings of private equity and gives readers the background they need to feel confident about committing to this asset class. Coverage includes a historical perspective on the business models of the three major waves of private equity leading to today's 4.0 model, a detailed analysis of the industry today, as well as reflections on the future of private equity and prospective futures. It also provides readers with the analytical and financial tools to analyze a fund's performance, with clear explanations of the mechanisms, organizations, and individuals that make the system work. The authors demystify private equity by providing a balanced, but critical, review of its contributions and shortcomings and moving beyond the simplistic journalistic descriptions. Its ecosystem is complex and not recognizing that complexity leads to inappropriate judgments. Because of its assumed opacity and some historical deviant (and generally transient) practices, it has often been accused of evil intents, making it an ideal scapegoat in times of economic crisis, prodding leading politicians and regulators to intervene and demand changes in practices. Unfortunately, such actors were often responding to public calls for action rather than a thorough understanding of the factors at play in this complex interdependent system, doing often more harm than good in the process and depriving economies of one of their most dynamic and creative forces. Self-regulation has clearly shown its limits, but righteous political interventions even more so. Private equity investment can be a valuable addition to many portfolios, but investors need a clear understanding of the forces at work before committing to this asset class. With detailed explanations and expert insights, Private Equity 4.0 is a comprehensive guide to the industry ways and means that enables the reader to capture its richness and sustainability.

Identifies and appraises public and private finance and investment mechanisms that deliver sustainable infrastructure investment globally, nationally and regionally Infrastructure investment will grow in the wake of the Covid 19 pandemic as governments seek to stimulate their economies

Who will lead your organization into the future? Have you created the systems to properly implement required succession transitions? Have you put the financial tools in place to fund the transition? Do you want a plan that connects with your personal and company core values? When do you include timely planning related to strategy and talent issues? What are the appropriate communication strategies for sharing your plan? What legal issues need consideration related to the strategy, financial, and people aspects of succession? So, what is preventing you from starting this effort tomorrow? Small and family businesses are the bedrock of all businesses. More people are employed by small and family-owned businesses than by all multinational companies combined. Yet the research on small and family businesses is bleak: fewer than one-third of small business owners in the United States can afford to retire. Only 40% of small businesses have a workable disaster plan in case of the sudden death or disability of the owner, and only 42% of small businesses in the United States have a succession plan. Fewer than 11% of family-owned businesses make it to the third generation beyond the founder. Lack of succession planning is the second most common reason for small business failure. Many organizations often wonder where to start and what to do. Succession Planning for Small and Family Businesses: Navigating Successful Transitions presents a comprehensive approach to guiding such efforts. Small and family-owned businesses rarely employ first-rate, well-qualified talent in human resources. More typically, business owners must be jacks-of-all-trades and serve as their own accountants, lawyers, business consultants, marketing experts, and HR wizards. Unfortunately, that does not always work well when business owners embark on planning for retirement or business exits. To help business owners avert problems, this book advises on some of the management, tax and financial, legal, and psychological issues that should be considered when planning retirement or other exits from the business. This comprehensive approach is unique when compared to the books, articles, and other literature that currently exist on the market. This book takes on a bold and integrated approach. Relevant research combined with the rich experiences of the authors connects this thorough, evidence-based approach to action-based approaches for the reader.

The aftermath of the 2008 crisis has substantially increased the regulation of banks and insurance companies and curtailed their risk taking, which has shifted much of the risk to their clients: firms and consumers. At the same time, digitalization has encouraged the entry of new firms combining finance and technological innovation, a phenomenon known as FinTech. The emergence of non-bank financial entities has contributed to the fragmentation of financial services, and also opened up new markets. Furthermore, the growing emphasis on corporate social responsibility has made it increasingly important for financial organizations to care about their public image. Drawing together these diverse strands, this book examines how the financial sector is evolving and how the existing actors are adapting to the institutional change and to the challenges from new actors and competitors. It also addresses the issue of how financial organizations are providing fixes to the challenges at the systemic level and how a healthier, more diverse and socially responsible financial sector is beneficial to the operations of the market economy as a whole. While there are books that address each of these issues, and also books that look at organizational diversity, there are few that investigate their interconnectedness. Responsible Finance and Digitalization offers a topical overview of the changes that are taking place in the financial sector and how the financial sector itself can contribute to solving global challenges. It equips both students (at MBA and other levels) and practitioners with analytical tools to reflect on this change and to take appropriate action to ensure that their organization can successfully navigate it and create value.

#1 Business Bestseller (Wall Street Journal, Amazon, USA Today) The Great Devaluation may be one of the most timely books ever written on the state of the global economy. Baratta sums it up simply enough with the following idea: "What seems crazy in normal times becomes necessary in a crisis." The Great Devaluation is the #1 bestselling book that explains why the real crisis facing the world today is not the Coronavirus. The real crisis facing the world is explosive government debt and deficits. Governments are now left with no choice but to spend more than they make, borrow more than they can ever repay, and devalue their currencies to cover it all up. Former Hollywood storyteller Adam Baratta brings monetary policy to life in this follow-up to his national bestseller, Gold Is A Better Way. You'll learn how and why Federal Reserve polices have facilitated an explosion in government debt and have systematically undermined the world financial system in the name of profit. The result? An out of control system where financial inequality has become a ticking time bomb set to blow up the global economy.

Data quality will either make you or break you in the financial services industry. Missing prices, wrong market values, trading violations, client performance restatements, and incorrect regulatory filings can all lead to harsh penalties, lost clients, and financial disaster. This practical guide provides data analysts, data scientists, and data practitioners in financial services firms with the framework to apply manufacturing principles to financial data management, understand data dimensions, and engineer precise data quality tolerances at the datum level and integrate them into your data processing pipelines. You'll get invaluable advice on how to: Evaluate data dimensions and how they apply to different data types and use cases Determine data quality tolerances for your data quality specification Choose the points along the data processing pipeline where data quality should be assessed and measured Apply tailored data governance frameworks within a business or technical function or across an organization Precisely align data with applications and data processing pipelines And more

* Covers a wide array of behavioural finance topics, including a rich selection of academic research, as well as theory drawn from established and emerging areas * Very accessible writing style helps students who are not finance specialists understand the concepts, while still retaining the attention of those with more in-depth knowledge * Experiential examples and end-of-chapter questions help students test their understanding * New content on fintech and cryptocurrencies, the role of social media in investing, generational biases, and the covid-19 pandemic * A dedicated chapter on the physiology of investment explores the latest research from genetics and neuroscience in informing investment behaviour, with new content on generational biases * More international examples, including from Asia and Africa, increasing the book's relevance for globally focused behavioural finance courses * Online supplements comprising student quizzes and an instructor manual and slides for lecturers.

In 1982, the Dow hovered below 1000. Then, the market rose and rapidly gained speed until it peaked above 11,000. Noted journalist and financial reporter Maggie Mahar has written the first book on the remarkable bull market that began in 1982 and ended just in the early 2000s. For almost two decades, a colorful cast of characters such as Abby Joseph Cohen, Mary Meeker, Henry Blodget, and Alan Greenspan came to dominate the market news.

This inside look at that 17-year cycle of growth, built upon interviews and unparalleled access to the most important analysts, market observers, and fund managers who eagerly tell the tales of excesses, presents the period with a historical perspective and explains what really happened and why.

California has a worldwide reputation as a pioneer of innovative policies for the control of air pollution by motor vehicles. Autos, Smog and Pollution Control analyses the difficulties which have been encountered in developing and implementing these policies. Professor Grant uses an analytical framework drawn from the leading theories of public policy formation, such as policy communities, to address the issues raised by California's policy making experience. This study shows how an ambitious attempt to encourage the use of electrically powered vehicles has faced technological constraints, consumer resistance and political opposition. Other policies developed in the state such as dealing with 'gross emitters', trip reduction programmes and the construction of light rail and subway systems are also critically examined. The concluding chapter relates Californian experience to the developing debate in Britain and the European Union about air pollution from motor vehicles. Autos, Smog and Pollution Control will be welcomed for its critical analysis of California's air pollution control policies as well as for the light which it sheds on contemporary theories of policy formation and the changing forces affecting environmental policymaking.

Corporate Finance for Lawyers explores the intricate relationship between law and corporate finance. Utilizing the 'Financial Mindmap' throughout, chapters depict financial concepts by using colours and visualizations in a clear and intuitive manner. The book provides an introduction into the basic building blocks of corporate finance including, Enterprise Value, Equity Value and Net Debt, and the dominant company valuation methods of EBITDA-multiples and Discounted Cash Flow. The book further explains finance patterns from both a finance and a legal perspective, most notably the use of non-interest bearing, secured credit, shareholder loans and guarantees, ending with reorganization procedures. By providing a uniquely integrated analysis of law and corporate finance, this practical book will be a beneficial resource for lawyers, including judges, from all over the world involved in financial transactions and corporate litigation. Students of law and finance will find the book an excellent learning experience, since it discusses the foundational principles of law and finance and how they relate to real-world practices. Finance professionals will also benefit greatly from the depiction of finance in action rather than as assumed under perfect markets.

This radical book aims to inject new insight and urgency into the discourse on the retrofitting of commercial and residential buildings in the face of the climate emergency. It is about the why, how and who should take the lead in revolutionising buildings in the face of serious climate and social change. Buildings contribute very significantly to the output of carbon, particularly in developed countries where the stock is old, but it is neither feasible nor desirable to demolish them all and start again! If existing buildings cannot in be replaced in the short-term by new zero carbon stock, retrofitting and adaptation of the existing building stock is critical and urgent. This book explains why and how the improvement of buildings requires a complex, holistic approach that brings all stakeholders together with respect and understanding. Yet to do this against a limited time frame is challenging. The book analyses what must be done, explores how it could be achieved and sets out a manifesto for action by all those engaged: from policy makers, to educationalists, designers, constructors, investors, funders and occupiers. By bringing together authors from across the built environment disciplines, the book stimulates debate within policy, practice and education circles which must lead to action if we are to avoid catastrophe. This is a unique addition to the literature on the sustainability of existing buildings and their retrofitting for the benefit of all.

Smart Card Security: Applications, Attacks, and Countermeasures provides an overview of smart card technology and explores different security attacks and countermeasures associated with it. It covers the origin of smart cards, types of smart cards, and how they work. It discusses security attacks associated with hardware, software, data, and users that are a part of smart card-based systems. The book starts with an introduction to the concept of smart cards and continues with a discussion of the different types of smart cards in use today, including various aspects regarding their configuration, underlying operating system, and usage. It then discusses different hardware- and software-level security attacks in smart card-based systems and applications and the appropriate countermeasures for these security attacks. It then investigates the security attacks on confidentiality, integrity, and availability of data in smart card-based systems and applications, including unauthorized remote monitoring, communication protocol exploitation, denial of service (DoS) attacks, and so forth, and presents the possible countermeasures for these attacks. The book continues with a focus on the security attacks against remote user authentication mechanisms in smart card-based applications and proposes a possible countermeasure for these attacks. Then it covers different communication standards for smart card-based applications and discusses the role of smart cards in various application areas as well as various open-source tools for the development and maintenance of smart card-based systems and applications. The final chapter explains the role of blockchain technology for securing smart card-based transactions and quantum cryptography for designing secure smart card-based algorithms. Smart Card Security: Applications, Attacks, and Countermeasures provides you with a broad overview of smart card technology and its various applications.

'This story literally has what it takes: the anecdotes, the insights and, most of all, the values to guide the next generation of entrepreneurs.' Mark Carney 'The real story of what it takes from a man who could turn dreams into realities.' Ray Dalio 'Candid, funny and real, Steve offers wisdom and the gift of much-needed common sense chapter by chapter and experience by experience. A great read!' John Kerry From Blackstone chairman, CEO and co-founder Stephen A. Schwarzman, a long-awaited book that uses impactful episodes from Schwarzman's life to show readers how to build, transform and lead thriving organisations. Whether you are a student, entrepreneur, philanthropist, executive or simply someone looking for ways to maximise your potential, the same lessons apply. People know who Stephen Schwarzman is - at least they think they do. He's the man who took $400,000 and co-founded Blackstone, the investment firm that manages over $500 billion (as of January 2019). He's the CEO whose views are sought by heads of state. But behind these achievements is a man who has spent his life learning and reflecting on what it takes to achieve excellence, make an impact, and live a life of consequence. Folding handkerchiefs in his father's linen shop, Schwarzman dreamed of a larger life, filled with purpose and adventure. After starting his career in finance with a short stint at a financial firm called DLJ, Schwarzman began working at Lehman Brothers where he ascended to run the mergers and acquisitions practice. He eventually partnered with his mentor and friend Pete Peterson to found Blackstone, vowing to create a new and different kind of financial institution. Building Blackstone into the leading global financial institution it is today didn't come easy. Schwarzman's simple mantra 'don't lose money' has helped Blackstone become a leading private equity and real estate investor, and manager of alternative assets for institutional investors globally. From deal-making to investing, leadership to entrepreneurship, philanthropy to diplomacy, Schwarzman has lessons for how to think about ambition and scale, risk and opportunities, and how to achieve success through the relentless pursuit of excellence. Schwarzman not only offers readers a thoughtful reflection on all his own experiences, but in doing so provides a practical blueprint for success.

"Finding the right software for a company is downright scary Whether it's for inventory, e-commerce, accounting, e-mail, or whatever else the company needs, a poor software decision has negative ripple effects that can undermine business for years to come (and damage reputations as well).

This pragmatic book is for anyone charged with evaluating and choosing an application. It provides a systematic method for selecting the best software. In careful detail, the book guides readers through each key step to obtaining a package that meets their needs, based on: critical requirements, budget, culture, and in-house technical expertise. Readers learn how to:

* Create a request for proposal (RFP), and then understand how to thoroughly evaluate the vendors' responses

* Accurately compare requirements against the package

* Ensure that the vendor demonstrations really help them determine if the software can do the job they need

* Investigate the software company to make sure it's reliable

* Negotiate the contract to the organization's advantage."

Predicting foreign exchange rates has presented a long-standing challenge for economists. However, the recent advances in computational techniques, statistical methods, newer datasets on emerging market currencies, etc., offer some hope. While we are still unable to beat a driftless random walk model, there has been serious progress in the field. This book provides an in-depth assessment of the use of novel statistical approaches and machine learning tools in predicting foreign exchange rate movement. First, it offers a historical account of how exchange rate regimes have evolved over time, which is critical to understanding turning points in a historical time series. It then presents an overview of the previous attempts at modeling exchange rates, and how different methods fared during this process. At the core sections of the book, the author examines the time series characteristics of exchange rates and how contemporary statistics and machine learning can be useful in improving predictive power, compared to previous methods used. Exchange rate determination is an active research area, and this book will appeal to graduate-level students of international economics, international finance, open economy macroeconomics, and management. The book is written in a clear, engaging, and straightforward way, and will greatly improve access to this much-needed knowledge in the field.

Community Real Estate Development: A History and How-To for Practitioners, Academics, and Students introduces the fundamentals of affordable housing to aspiring development professionals. From understanding the history informing today's affordable housing programs to securing financing and partnering with public and private stakeholders, this primer equips students and emerging professionals for success in a unique area of the real estate industry. Topical chapters written by nationally recognized leaders in community real estate development (CRED) take a didactic approach, using real-life examples and case studies to provide context for reflection. Drawing on the authors' experience as private sector developers, state and municipal housing officials, and not-for-profit executives, this versatile resource offers an insider's perspective on creating and maintaining affordable housing in any real estate market. Features: Covers topics including community design, development policy, tax credits, land use planning, development rights, historic buildings, adaptive reuse, tax increment financing, and gentrification Presents interviews with development professionals in asset and property management, commercial real estate brokerage, and local housing authorities and government agencies Highlights winning case studies from a student competition to inspire similar classroom activities Includes a glossary of CRED-specific terminology to help readers master the language of affordable housing Contains diverse examples, planning tools, and "programs to make numbers work," with a companion website available Blending the latest academic research with hard-won insights from the field, Community Real Estate Development prepares the next generation of affordable housing professionals to continue the work of its pioneering authors and editors.

Community Real Estate Development: A History and How-To for Practitioners, Academics, and Students introduces the fundamentals of affordable housing to aspiring development professionals. From understanding the history informing today's affordable housing programs to securing financing and partnering with public and private stakeholders, this primer equips students and emerging professionals for success in a unique area of the real estate industry. Topical chapters written by nationally recognized leaders in community real estate development (CRED) take a didactic approach, using real-life examples and case studies to provide context for reflection. Drawing on the authors' experience as private sector developers, state and municipal housing officials, and not-for-profit executives, this versatile resource offers an insider's perspective on creating and maintaining affordable housing in any real estate market. Features: Covers topics including community design, development policy, tax credits, land use planning, development rights, historic buildings, adaptive reuse, tax increment financing, and gentrification Presents interviews with development professionals in asset and property management, commercial real estate brokerage, and local housing authorities and government agencies Highlights winning case studies from a student competition to inspire similar classroom activities Includes a glossary of CRED-specific terminology to help readers master the language of affordable housing Contains diverse examples, planning tools, and "programs to make numbers work," with a companion website available Blending the latest academic research with hard-won insights from the field, Community Real Estate Development prepares the next generation of affordable housing professionals to continue the work of its pioneering authors and editors.

New edition of UK's market leading Real Estate Investment textbook, reorganised with renewed focus on hot topic of PropTech and innovations in the global market, including Brexit, Covid-19, and Crypto Currencies Every chapter begins with and is built around a real-world case study from: Japan, UK, US, Kuwait Packed with professional and technical approaches to building a global real estate portfolio from internationally renowned Professor of Practice at Said Business School, University of Oxford

Among international financial centres (IFCs), London is known as the 'Western hub of Islamic Finance', on account of its well-developed legal infrastructure. However, Brexit has threatened London's status and consequently, the financial services industry is moving to Dublin to continue operating in the Euro region. Similarly, Islamic finance (IF) service providers in the UK are also looking to Dublin for expansion of this niche area in euro member states. This is the first book to be written about Islamic finance operations in the Eurozone. The book offers an in-depth description of International Financial Centres and the growth of Islamic Finance, compares the growth of Islamic finance in London, Dubai and Kuala Lumpur, outlines the implications of Brexit for financial service providers in London in general and Islamic investors in particular and also presents a case study of Ireland to establish the latter as the most appropriate country to promote IF in the Eurozone. The time is particularly right for a book exploring the potential of Ireland to emerge as a Eurozone hub of Islamic finance, as a result of Britain's exit from Europe. The book will cater to the needs of readers studying IF in the disciplines of economics, business, law, and religion. A secondary market includes practitioners, such as policymakers, lawyers, fund managers, accountants, regulators and international investors, who will be interested in exploring the benefits that the UK and Ireland have to offer the Islamic finance industry.

Transport is a fundamental component of all modern economies. Transport Policy presents a wide ranging collection of previously published articles which aim to provide the reader with an understanding of the main elements of transport policy. Topics covered include: the objectives of transport policy, policy options, policy analysis and, through a series of case studies, policy implementation. This volume will be of particular interest to those academics and policymakers seeking an overview of the most important issues in the modern transport policy arena.

"Clive Lambert is one of the UK's leading experts in the use and application of Japanese candlestick chart analysis. I have known him for many years and have learnt to greatly respect his depth of knowledge and the objectiveness it brings to his market strategies." - Adam Sorab, Chairman, Society of Technical Analysts (STA) The aim of this book is to introduce candlestick analysis to anyone from an absolute beginner to an experienced market professional. The text is written to be simple enough for someone new to the topic, but should not exclude those with more experience. The author's aim is to change the simple viewing of a candlestick chart into a search for the answer to the perennial question: "Who's controlling the market; the Bulls or the Bears?" Candlesticks are a fantastic way of getting a clear idea of market direction, and any changes that may be taking place in price trends. In this exciting new book, Clive Lambert walks you through what candlesticks are, the major patterns and importantly, the psychology behind them, using straightforward language that will appeal to all levels of ability. Having outlined the key patterns and described the real-life application of the techniques, he then ends the book with his 10 golden rules for trading with candlesticks. This book is a no-nonsense guide to the methodology and practical usage of this ancient Japanese charting technique and essential reading for any trader, broker or market operative, regardless of their level of experience or the markets they are involved in.