Author: Frederick Robertson Macaulay
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 638
Book Description
Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yields and Stock Prices in the United States Since 1859
Author: Frederick Robertson Macaulay
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 638
Book Description
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 638
Book Description
One Kind of Freedom
Author: Roger L. Ransom
Publisher: Cambridge University Press
ISBN: 9780521795500
Category : Business & Economics
Languages : en
Pages : 492
Book Description
This edition of the economic history classic One Kind of Freedom reprints the entire text of the first edition together with an introduction by the authors and an extensive bibliography of works in Southern history published since the appearance of the first edition. The book examines the economic institutions that replaced slavery and the conditions under which ex-slaves were allowed to enter the economic life of the United States following the Civil War. The authors contend that although the kind of freedom permitted to black Americans allowed substantial increases in their economic welfare, it effectively curtailed further black advancement and retarded Southern economic development. Quantitative data are used to describe the historical setting but also shape the authors' economic analysis and test the appropriateness of their interpretations. Ransom and Sutch's revised findings enrich the picture of the era and offer directions for future research.
Publisher: Cambridge University Press
ISBN: 9780521795500
Category : Business & Economics
Languages : en
Pages : 492
Book Description
This edition of the economic history classic One Kind of Freedom reprints the entire text of the first edition together with an introduction by the authors and an extensive bibliography of works in Southern history published since the appearance of the first edition. The book examines the economic institutions that replaced slavery and the conditions under which ex-slaves were allowed to enter the economic life of the United States following the Civil War. The authors contend that although the kind of freedom permitted to black Americans allowed substantial increases in their economic welfare, it effectively curtailed further black advancement and retarded Southern economic development. Quantitative data are used to describe the historical setting but also shape the authors' economic analysis and test the appropriateness of their interpretations. Ransom and Sutch's revised findings enrich the picture of the era and offer directions for future research.
Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yields and Stock Prices in the United States Since 1856
Author: Frederick Robertson Macaulay
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 664
Book Description
A seminal work that contains the seeds of many of the pricing and risk management tools used in interest-rate markets today - Alan White, Professor of Finance, University of Toronto
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 664
Book Description
A seminal work that contains the seeds of many of the pricing and risk management tools used in interest-rate markets today - Alan White, Professor of Finance, University of Toronto
Investment Risk Management
Author: H. Kent Baker
Publisher: Oxford University Press
ISBN: 0190214082
Category : Business & Economics
Languages : en
Pages : 709
Book Description
All investments carry with them some degree of risk. In the financial world, individuals, professional money managers, financial institutions, and many others encounter and must deal with risk. Risk management is a process of determining what risks exist in an investment and then handling those risks in the best-suited way. This is important because it can reduce or augment risk depending on the goals of investors and portfolio managers. The main purpose of Investment Risk Management is to provide an overview of developments in risk management and a synthesis of research involving these developments. The book examines ways to alter exposures through measuring and managing those exposures and provides an understanding of the latest strategies and trends within risk management. The scope of the coverage is broad and encompasses the most important aspects of investment risk management. Its 30 chapters are organized into six sections: (1) foundations of risk management, (2) types of risk, (3) quantitative assessment of risk, (4) risk and risk classes, (5) hedging risk and (6) going forward. The book should be of particular interest to sophisticated practitioners, investors, academics, and graduate finance students. Investment Risk Management provides a fresh look at this intriguing but complex subject.
Publisher: Oxford University Press
ISBN: 0190214082
Category : Business & Economics
Languages : en
Pages : 709
Book Description
All investments carry with them some degree of risk. In the financial world, individuals, professional money managers, financial institutions, and many others encounter and must deal with risk. Risk management is a process of determining what risks exist in an investment and then handling those risks in the best-suited way. This is important because it can reduce or augment risk depending on the goals of investors and portfolio managers. The main purpose of Investment Risk Management is to provide an overview of developments in risk management and a synthesis of research involving these developments. The book examines ways to alter exposures through measuring and managing those exposures and provides an understanding of the latest strategies and trends within risk management. The scope of the coverage is broad and encompasses the most important aspects of investment risk management. Its 30 chapters are organized into six sections: (1) foundations of risk management, (2) types of risk, (3) quantitative assessment of risk, (4) risk and risk classes, (5) hedging risk and (6) going forward. The book should be of particular interest to sophisticated practitioners, investors, academics, and graduate finance students. Investment Risk Management provides a fresh look at this intriguing but complex subject.
Global Trade in the Nineteenth Century
Author: John D. Wong
Publisher: Cambridge University Press
ISBN: 1316720969
Category : History
Languages : en
Pages : 261
Book Description
In this engaging new study, John D. Wong examines the Canton trade networks that helped to shape the modern world through the lens of the prominent Chinese merchant Houqua, whose trading network and financial connections stretched from China to India, America and Britain. In contrast to interpretations that see Chinese merchants in this era as victims of rising Western mercantilism and oppressive Chinese traditions, Houqua maintained a complex balance between his commercial interests and those of his Western counterparts, all in an era of transnationalism before the imposition of the Western world order. The success of Houqua and Co. in configuring its networks in the fluid context of the early nineteenth century remains instructive today, as the contemporary balance of political power renders the imposition of a West-centric world system increasingly problematic, and requires international traders to adapt to a new world order in which China, once again, occupies center stage.
Publisher: Cambridge University Press
ISBN: 1316720969
Category : History
Languages : en
Pages : 261
Book Description
In this engaging new study, John D. Wong examines the Canton trade networks that helped to shape the modern world through the lens of the prominent Chinese merchant Houqua, whose trading network and financial connections stretched from China to India, America and Britain. In contrast to interpretations that see Chinese merchants in this era as victims of rising Western mercantilism and oppressive Chinese traditions, Houqua maintained a complex balance between his commercial interests and those of his Western counterparts, all in an era of transnationalism before the imposition of the Western world order. The success of Houqua and Co. in configuring its networks in the fluid context of the early nineteenth century remains instructive today, as the contemporary balance of political power renders the imposition of a West-centric world system increasingly problematic, and requires international traders to adapt to a new world order in which China, once again, occupies center stage.
Some theoretical problems suggested by the movements of interest rates, bond yields and stock prices in the United States since 1856
Author: Frederick R. Macauley
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Studies in the Quantity Theory of Mone
Author: Milton Friedman
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 280
Book Description
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 280
Book Description
Floor Rules
Author: Gregor Dallas
Publisher: Yale University Press
ISBN: 0300214022
Category : Business & Economics
Languages : en
Pages : 287
Book Description
A compelling account of how markets really govern themselves, and why they often baffle and outrage outsiders One of the reasons many people believe financial markets are lawless and irrational—and rigged—is that they follow two sets of rules. The official rules, set by law or by the heads of the exchanges, exist alongside the unofficial rules, or floor rules—which are the ones that actually govern. Break the official rules and you may be fined or jailed; break the floor rules and you’ll suffer worse: you will be ostracized. Regulations vary across markets, but the floor rules are remarkably consistent. This book, offering compelling stories of market disturbances in which insider rules played a key role, shows readers, without excessive moralizing, how markets really govern themselves. It is a study of the norms, customs, values, and operating modes of the insiders at the center of the financial markets that trade money, stocks, bonds, futures, and other financial derivatives. The core insiders who rule trading markets are a relatively small group who exert disproportionate influence on financial systems. Mark W. Geiger examines the historical roots of the culture of financial markets, describes the role insiders play in today’s high finance, and suggests where this peculiar, ingrown culture is heading in an era of constant technological change.
Publisher: Yale University Press
ISBN: 0300214022
Category : Business & Economics
Languages : en
Pages : 287
Book Description
A compelling account of how markets really govern themselves, and why they often baffle and outrage outsiders One of the reasons many people believe financial markets are lawless and irrational—and rigged—is that they follow two sets of rules. The official rules, set by law or by the heads of the exchanges, exist alongside the unofficial rules, or floor rules—which are the ones that actually govern. Break the official rules and you may be fined or jailed; break the floor rules and you’ll suffer worse: you will be ostracized. Regulations vary across markets, but the floor rules are remarkably consistent. This book, offering compelling stories of market disturbances in which insider rules played a key role, shows readers, without excessive moralizing, how markets really govern themselves. It is a study of the norms, customs, values, and operating modes of the insiders at the center of the financial markets that trade money, stocks, bonds, futures, and other financial derivatives. The core insiders who rule trading markets are a relatively small group who exert disproportionate influence on financial systems. Mark W. Geiger examines the historical roots of the culture of financial markets, describes the role insiders play in today’s high finance, and suggests where this peculiar, ingrown culture is heading in an era of constant technological change.
Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yields and Stock Prices in the United States Since 1856
Author: Frederick R. MACAULAY
Publisher:
ISBN:
Category :
Languages : en
Pages : 351
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 351
Book Description
Aggregate Price Shocks and Financial Instability
Author: Michael D. Bordo
Publisher:
ISBN:
Category : Financial crises
Languages : en
Pages : 66
Book Description
This paper presents empirical evidence on the hypothesis that aggregate price disturbances cause or worsen financial instability. We construct two annual indexes of financial conditions for the United States covering 1790-1997, and estimate the effect of aggregate price shocks on each index using a dynamic ordered probit model. We find that price level shocks contributed to financial instability during 1790-1933, and that inflation rate shocks contributed to financial instability during 1980-97. Our research indicates that the size of the aggregate price shocks needed to substantially alter financial conditions depends on the institutional environment, but that a monetary policy focused on price stability would be conducive to financial stability.
Publisher:
ISBN:
Category : Financial crises
Languages : en
Pages : 66
Book Description
This paper presents empirical evidence on the hypothesis that aggregate price disturbances cause or worsen financial instability. We construct two annual indexes of financial conditions for the United States covering 1790-1997, and estimate the effect of aggregate price shocks on each index using a dynamic ordered probit model. We find that price level shocks contributed to financial instability during 1790-1933, and that inflation rate shocks contributed to financial instability during 1980-97. Our research indicates that the size of the aggregate price shocks needed to substantially alter financial conditions depends on the institutional environment, but that a monetary policy focused on price stability would be conducive to financial stability.