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Author: L. P. Hughston
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 408
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Book Description
Author: L. P. Hughston
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 408
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Book Description
Author: Joe Vasicek
Publisher: Joe Vasicek
ISBN:
Category : Fiction
Languages : en
Pages : 175
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Book Description
Eleven short stories and a poem that show us what comes after the end of all we know. This is the fourth volume of the collected short stories of Joe Vasicek. It includes: The Manchurian Paradox We have met our timeline's enemy and he is us. A Fatal Rebirth Nothing in this world should live forever—not even civilization itself. The Final Turning This is how the world ends: not with a bang, but with a whimper—thanks to me. The New Covenant To restore a fallen America, an ancient and terrible covenant must be renewed. Hearken and Behold (by J.M. Wight) "Hearken, oh ye hypocrites, and behold the desolation that is already come upon you!" The End of Elysium For the promise of paradise, the last civilization will surrender to the apocalypse. The Promise of King Washington When the aliens came, it wasn't a military invasion: it was an economic one. (Again, Hazardous Imaginings, December 2020) Lord of the Slaves "Everyone secretly wants to be a slave. Those who deny it simply haven't found the right master." The Other Side of Reality What if your future self came back to give you advice, and all it did was confuse you? Schrödinger's Diaper “Stays clean and dry until you’re free to change it!” …except not quite. (Bards and Sages Quarterly, April 2022) Two Hours Ago A time machine without paradoxes, so long as it's not abused. Welcome to Our Crazy Family Two genderqueer lesbians and a tranny have a rebellious daughter who does the unthinkable and decides to marry a Christian.
Author: Ragnar Norberg
Publisher:
ISBN: 9788778342850
Category :
Languages : en
Pages : 21
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Book Description
Author: Marco Corazza
Publisher: World Scientific
ISBN: 1800615221
Category : Computers
Languages : en
Pages : 429
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Book Description
We wrote this book to help financial experts and investors to understand the state of the art of artificial intelligence and machine learning in finance. But first, what is artificial intelligence? The foundations of artificial intelligence lie in the human desire to automate. Often this desire has had foundations in grand civilization-defining visions or economic needs, such as the Antikythera mechanism, circa 200 BCE. Considered to be the oldest known example of an analog computer, it is thought that the mechanism automated the prediction of the positions of the sun, the moon, and the planets to assist in navigation.No matter the specific industry or application, AI has become a new engine of growth. Both finance and banking have been leveraging AI technologies and algorithms, applying them to automate routine tasks, procedures and forecasting, thereby improving overall customer experience.The topics covered in this book make it an invaluable resource for academics, researchers, policymakers, and practitioners alike who want to understand how AI has affected the banking and financial industries and how it will continue to change them in the years to come.
Author:
Publisher:
ISBN:
Category : Risk management
Languages : en
Pages : 648
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Book Description
Author: Riccardo Rebonato
Publisher: Cambridge University Press
ISBN: 1316732959
Category : Business & Economics
Languages : en
Pages : 781
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Book Description
In this book, well-known expert Riccardo Rebonato provides the theoretical foundations (no-arbitrage, convexity, expectations, risk premia) needed for the affine modeling of the government bond markets. He presents and critically discusses the wealth of empirical findings that have appeared in the literature of the last decade, and introduces the 'structural' models that are used by central banks, institutional investors, sovereign wealth funds, academics, and advanced practitioners to model the yield curve, to answer policy questions, to estimate the magnitude of the risk premium, to gauge market expectations, and to assess investment opportunities. Rebonato weaves precise theory with up-to-date empirical evidence to build, with the minimum mathematical sophistication required for the task, a critical understanding of what drives the government bond market.
Author: Craig Turnbull
Publisher: Springer
ISBN: 3319331833
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
In the first book of its kind, Turnbull traces the development and implementation of actuarial ideas, from the conception of Equitable Life in the mid-18th century to the start of the 21st century. This book analyses the historical development of British actuarial thought in each of its three main practice areas of life assurance, pensions and general insurance. It discusses how new actuarial approaches were developed within each practice area, and how these emerging ideas interacted with each other and were often driven by common external factors such as shocks in the economic environment, new intellectual ideas from academia and developments in technology. A broad range of historically important actuarial topics are discussed such as the development of the blueprint for the actuarial management of with-profit business; historical developments in mortality modelling methods; changes in actuarial thinking on investment strategy for life and pensions business; changing perspectives on the objectives and methods for funding Defined Benefit pensions; the application of risk theory in general insurance reserving; the adoption of risk-based reserving and the Guaranteed Annuity Option crisis at the end of the 20th century. This book also provides an historical overview of some of the most important external contributions to actuarial thinking: in particular, the first century or so of modern thinking on probability and statistics, starting in the 1650s with Pascal and Fermat; and the developments in the field of financial economics over the third quarter of the twentieth century. This book identifies where historical actuarial thought heuristically anticipated some of the fundamental ideas of modern finance, and the challenges that the profession wrestled with in reconciling these ideas with traditional actuarial methods. Actuaries have played a profoundly influential role in the management of the United Kingdom’s most important long-term financial institutions over the last two hundred years. This book will be the first to chart the influence of the actuarial profession to modern day. It will prove a valuable resource for actuaries, actuarial trainees and students of actuarial science. It will also be of interest to academics and professionals in related financial fields such as accountants, statisticians, economists and investment managers.
Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 628
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Book Description
Author: Moorad Choudhry
Publisher: John Wiley & Sons
ISBN: 1118177215
Category : Business & Economics
Languages : en
Pages : 1444
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Book Description
Banks are a vital part of the global economy, and the essence of banking is asset-liability management (ALM). This book is a comprehensive treatment of an important financial market discipline. A reference text for all those involved in banking and the debt capital markets, it describes the techniques, products and art of ALM. Subjects covered include bank capital, money market trading, risk management, regulatory capital and yield curve analysis. Highlights of the book include detailed coverage of: Liquidity, gap and funding risk management Hedging using interest-rate derivatives and credit derivatives Impact of Basel II Securitisation and balance sheet management Structured finance products including asset-backed commercial paper, mortgage-backed securities, collateralised debt obligations and structured investment vehicles, and their role in ALM Treasury operations and group transfer pricing. Concepts and techniques are illustrated with case studies and worked examples. Written in accessible style, this book is essential reading for market practitioners, bank regulators, and graduate students in banking and finance. Companion website features online access to software on applications described in the book, including a yield curve model, cubic spline spreadsheet calculator and CDO waterfall model.
Author: Michael Koller
Publisher: Springer Science & Business Media
ISBN: 3642207219
Category : Business & Economics
Languages : en
Pages : 345
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Book Description
The aim of the book is to provide an overview of risk management in life insurance companies. The focus is twofold: (1) to provide a broad view of the different topics needed for risk management and (2) to provide the necessary tools and techniques to concretely apply them in practice. Much emphasis has been put into the presentation of the book so that it presents the theory in a simple but sound manner. The first chapters deal with valuation concepts which are defined and analysed, the emphasis is on understanding the risks in corresponding assets and liabilities such as bonds, shares and also insurance liabilities. In the following chapters risk appetite and key insurance processes and their risks are presented and analysed. This more general treatment is followed by chapters describing asset risks, insurance risks and operational risks - the application of models and reporting of the corresponding risks is central. Next, the risks of insurance companies and of special insurance products are looked at. The aim is to show the intrinsic risks in some particular products and the way they can be analysed. The book finishes with emerging risks and risk management from a regulatory point of view, the standard model of Solvency II and the Swiss Solvency Test are analysed and explained. The book has several mathematical appendices which deal with the basic mathematical tools, e.g. probability theory, stochastic processes, Markov chains and a stochastic life insurance model based on Markov chains. Moreover, the appendices look at the mathematical formulation of abstract valuation concepts such as replicating portfolios, state space deflators, arbitrage free pricing and the valuation of unit linked products with guarantees. The various concepts in the book are supported by tables and figures.
