The Future of the Financial Exchanges

The Future of the Financial Exchanges
Author: Herbie Skeete
Publsiher: Elsevier
Total Pages: 168
Release: 2010-07-28
ISBN 10: 9780080922218
ISBN 13: 008092221X
Language: EN, FR, DE, ES & NL

The Future of the Financial Exchanges Book Review:

In May 2007, an extraordinary meeting took place in London's The Exchange Forum. Chief executives from many of the world's most important financial exchanges came together with senior executives from a wide array of global banking, trading, and investing firms, index providers, regulators, system suppliers, and key academics to discuss the rapidly changing business and technological environment in which exchanges function. The forum was an exclusive event, open only to the most senior-level individuals in the global exchanges community: those who run exchanges, who are clients of exchanges, who invest in exchanges, and who supply goods and services to exchanges. In presentations and panel discussions over two days, these experts explored the effect of shrinking margins as more instruments became exchange traded rather than OTC and the conflicts that creates. They shared what exchanges are doing today to respond to the challenges wrought by competition, globalization, and rapid technology advances. And they looked into the future and discussed the multi-asset, multi-currency, and multi-region trading that holds out the promise of future success. The book is based on the discussion and analysis that took place at this exclusive event that brought together leading exchange professionals, their customers, and suppliers from around the globe to share insights and experiences. It will provide an overview of the latest technological, regulatory, and market developments in the exchange industry and the common problems exchanges face; explain how these problems are being addressed; and present the consensus view from leading exchange professionals about how to move forward. Most significant, the ideas in the book will come directly from the worlds leading exchange professionals and customers. * Hear the voices of executive-level exchange professionals throughout the book for a candid, realistic, and high-level analysis of the exchange business, its present and future * Share the stories of success and failure these exchange executives shared as they discussed solutions to common challenges * Chart the way forward for your exchange business with confidence based on the collective insights and experience of these professionals

Financial Exchanges

Financial Exchanges
Author: Francis A Lees
Publsiher: Routledge
Total Pages: 320
Release: 2012-04-23
ISBN 10: 1136651497
ISBN 13: 9781136651496
Language: EN, FR, DE, ES & NL

Financial Exchanges Book Review:

The recent global economic crisis has drawn a spotlight on the world of finance. Financial exchanges are changing, and this insightful, new book examines the manner and reasons for these changes. Financial Exchanges: A Comparative Approach offers an in-depth analysis of this sector. Surveying thirty different financial exchanges, including stock, derivative, commodity and offshore exchanges, this book examines the challenges they face and the ways in which they are adapting. The book includes a pertinent chapter on the dominance of derivatives, examining a number of derivative exchanges in detail. Taking in a host of international exchange powerhouses, including those in Hong Kong, Shanghai, London, New York and the Persian Gulf, this book will benefit students taking courses on financial markets and institutions, as well as professionals interested in international financial markets.

International Financial Transactions and Exchange Rates

International Financial Transactions and Exchange Rates
Author: I. Kallianiotis
Publsiher: Springer
Total Pages: 332
Release: 2013-12-18
ISBN 10: 1137356936
ISBN 13: 9781137356932
Language: EN, FR, DE, ES & NL

International Financial Transactions and Exchange Rates Book Review:

International transactions among nations and multinational corporations are important and growing due to the openness of economies all over the world. In this follow-up title to Exchange Rates and International Financial Economics, Kallianiotis examines the role of the exchange rate and trade policy in improving the trade account. He discusses the international parity conditions extensively, together with the most popular theory in international finance, the interest rate parity (IRP) theory. International Financial Transactions and Exchange Rates describes these theories and gives practical solutions for multinational businesses, individuals, and nations. The increasing internationalization of businesses, openness of economies, integration of nations, change in the exchange rate system, and lastly, the deregulation of the financial market and institutions around the world have made the study of international finance necessary for all business students and professionals.

Project Financing and the International Financial Markets

Project Financing and the International Financial Markets
Author: Esteban C. Buljevich,Yoon S. Park
Publsiher: Springer Science & Business Media
Total Pages: 302
Release: 2007-08-27
ISBN 10: 0585315612
ISBN 13: 9780585315614
Language: EN, FR, DE, ES & NL

Project Financing and the International Financial Markets Book Review:

Since the 1970s, the practice of financing major private and public sector capital-intensive projects has shifted to an ever-greater reliance on private funding sources, as opposed to direct financing through the issuance of corporate or government bonds. In the 1990s, these financing practices have undergone further changes with the increasing globalization of capital markets, the growth of derivative instruments, and the rapid increase in information technology that enhances cash-management practices. Today's project financing market is increasingly using sophisticated capital market, bank and agency financing mechanisms as well as using derivative instruments for asset and liability management. Thus, financial market innovations are bringing the once separate fields of project financing and international finance more closely together. This is the first book to treat both topics as an interrelated whole, for contemporary project financing cannot be fully understood without a good working knowledge of the international financial markets that have developed the various financing techniques and funding sources being used. The book provides an in-depth description of cross-border project financing as a technique for financing capital-intensive projects, as well as an overview of certain financing and derivative instruments currently available in the global financial markets. The first part of the book provides an overview of certain funding and derivative instruments currently used in the international financial markets, including a general overview of financial innovations that have occurred in recent decades. Topics covered include an introduction to the syndicated Euro-credit market; an overview of various marketable debt securities actively used in the international financial markets; an introduction to depositary receipt as an innovative way of raising cross-border equity capital; an elaboration of the derivative instruments most commonly used in the project financing arena, including interest rate, currency and commodity swaps; and finally an overview of banks' off-balance sheet activities as a critical driving force for the participation of banks in the international financial and derivative markets. The second part of the book provides an in-depth analysis of project financing that concentrates on the financier's perspective. Topics covered include a general overview of the project financing industry; a step-by-step description of a typical cross-border project finance transaction; a description of the main characteristics and advantages of project financing as opposed to more traditional corporate lending practices; an overview of appraisal techniques for assessing project financing; a comprehensive analysis of the different risk management techniques used in project financing for reducing, distributing and hedging risks; and a brief overview of certain limited-resource financing schemes. The book includes a special focus on the various stages of the risk management process for project financing, elaborating on the different stages of risk identification, risk assessment, risk reduction, risk distribution and hedging and insurance. The authors also provide a comprehensive glossary of terms relating to international finance and project financing. This book will fulfill the need for an essential text on project financing as well as a professional reference guide.

The Future of Domestic Capital Markets in Developing Countries

The Future of Domestic Capital Markets in Developing Countries
Author: Robert E. Litan,Michael Pomerleano,Vasudevan Sundararajan
Publsiher: Brookings Institution Press
Total Pages: 400
Release: 2003-09-05
ISBN 10: 9780815796107
ISBN 13: 0815796102
Language: EN, FR, DE, ES & NL

The Future of Domestic Capital Markets in Developing Countries Book Review:

The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world's most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development. It captures the views of a global gathering of experts, with perspectives from developing and developed countries, from all regions of the world, from the public and private sector. This volume should be of interest to senior financial sector policymakers from developed and developing countries in securities and exchange commissions, regulators, central banks, ministries of finance, and monetary authorities; private sector executives in stock exchanges, bond markets, venture capital markets, and investment funds; and researchers and academicians with an interest in capital market development in emerging markets. What are the key factors threatening the development and survival of stock exchanges in developing countries? What domestic strategies are needed to protect the future of local markets? Should exchanges consider linkages or alliances? Merging with, or buying up, other exchanges? Demutualization? The volume provides practical guidance on strategies such as nurturing issuers, improving rules and institutions, addressing regulatory challenges, and sequencing reforms. The contributors address a variety of country experiences, and suggest steps that policymakers and practitioners in emerging markets can take to promote an orderly transition toward efficient, well-regulated, and accessible capital markets. Contributors include Reena Aggarwal (Georgetown University), Alexander S. Berg (World Bank), Alan Cameron (Sydney Futures Exchange), Olivier Fremond (PSACG), Amar Gill (Credit Lyonnais Securities Asia), Gerd Hausler (IMF), Jack Glen (International Finance Corporation), Peter Blair Henry (Stanford University Graduate School of Business), Patricia Jackson (Bank of England), Ruben Lee (Oxford Finance Group), Robert Litan (Brookings Institution), Clemente Luis del Valle (Securities and Exchange Commission of Colombia), Sanket Mohapatra (Columbia University), Alberto Musalem (World Bank), Dilip Kumar Ratha (World Bank), Ajit Singh (University of Cambridge), Philip Suttle (DECPG), V. Sundararajan (IMF), Thierry Tressel (IMF), Philip Turner (Bank for International Settlements), and Piero Ugolini (IMF).

The Economics of Foreign Exchange and Global Finance

The Economics of Foreign Exchange and Global Finance
Author: Peijie Wang
Publsiher: Springer Science & Business Media
Total Pages: 432
Release: 2009-03-05
ISBN 10: 3642001009
ISBN 13: 9783642001000
Language: EN, FR, DE, ES & NL

The Economics of Foreign Exchange and Global Finance Book Review:

The book is designed to integrate the theory of foreign exchange rate determi- tion and the practice of global finance in a single volume, which demonstrates how theory guides practice, and practice motivates theory, in this important area of scholarly work and commercial operation in an era when the global market has become increasingly integrated. The book presents all major subjects in international monetary theory, foreign exchange markets, international financial management and investment analysis. The book is relevant to real world problems in the sense that it provides guidance on how to solve policy issues as well as practical management tasks. This in turn helps the reader to gain an understanding of the theory and refines the framework. This new edition of the book incorporates two new chapters, together with - dating most chapters in the first edition, integrating new materials, data, and/or the recent developments in the areas. A new chapter on the portfolio balance approach to exchange rate determination is included, in addition to the major models - cluded in the first edition: the Mundell-Fleming model, the flexible price monetary model, the sticky price monetary model featured by the Dornbusch model and the real interest rate differential model. This makes the book inclusive in exchange rate theories. A second new chapter included is on issues in balance of payments or international transactions and their interactions with exchange rates, changes in exchange rates and exchange rate policies.

Duncombe s Free Banking an essay on banking currency finance exchanges and political economy

Duncombe s Free Banking  an essay on banking  currency  finance  exchanges  and political economy
Author: Charles DUNCOMBE (an American.)
Publsiher: Anonim
Total Pages: 16
Release: 1841
ISBN 10:
ISBN 13: BL:A0017240653
Language: EN, FR, DE, ES & NL

Duncombe s Free Banking an essay on banking currency finance exchanges and political economy Book Review:

Introduction to the Economics of Financial Markets

Introduction to the Economics of Financial Markets
Author: James Bradfield
Publsiher: Oxford University Press
Total Pages: 512
Release: 2007-02-08
ISBN 10: 019988594X
ISBN 13: 9780199885947
Language: EN, FR, DE, ES & NL

Introduction to the Economics of Financial Markets Book Review:

There are many textbooks for business students that provide a systematic, introductory development of the economics of financial markets. However, there are as yet no introductory textbooks aimed at more easily daunted undergraduate liberal arts students. Introduction to the Economics of Financial Markets fills this gap by providing an extremely accessible introductory exposition of how economists analyze both how, and how well, financial markets organize the intertemporal allocation of scarce resources. The central theme is that the function of a system of financial markets is to enable consumers, investors, and managers of firms to effect mutually beneficial intertemporal exchanges. James Bradfield uses the standard concept of economic efficiency (Pareto Optimality) to assess the efficacy of the financial markets. He presents an intuitive, and introductory, understanding of the primary theoretical and empirical models that economists use to analyze financial markets, and then uses these models to discuss implications for public policy. Students who use this text will acquire an understanding of the economics of financial markets that will enable them to read, with some sophistication, articles in the public press about financial markets and about public policy toward those markets. The book is addressed to undergraduate students in the liberal arts, but will also be useful for undergraduate and beginning graduate students in programs of business administration who want an understanding of how economists assess financial markets against the criteria of allocative and informational efficiency.

The Future of Financial Regulation

The Future of Financial Regulation
Author: Iain G MacNeil,Justin O'Brien
Publsiher: Bloomsbury Publishing
Total Pages: 488
Release: 2010-03-12
ISBN 10: 1847315712
ISBN 13: 9781847315717
Language: EN, FR, DE, ES & NL

The Future of Financial Regulation Book Review:

The Future of Financial Regulation is an edited collection of papers presented at a major conference at the University of Glasgow in spring 2009, co-sponsored by the Economic and Social Research Council World Economy and Finance Programme and the the Australian Research Council Governance Research Network. It draws together a variety of different perspectives on the international financial crisis which began in August 2007 and later turned into a more widespread economic crisis following the collapse of Lehman Brothers in the autumn of 2008. Spring 2009 was in many respects the nadir since valuations in financial markets had reached their low point and crisis management rather than regulatory reform was the main focus of attention. The conference and book were deliberately framed as an attempt to re-focus attention from the former to the latter. The first part of the book focuses on the context of the crisis, discussing the general characteristics of financial crises and the specific influences that were at work this time round. The second part focuses more specifically on regulatory techniques and practices implicated in the crisis, noting in particular an over-reliance on the capacity of regulators and financial institutions to manage risk and on the capacity of markets to self-correct. The third part focuses on the role of governance and ethics in the crisis and in particular the need for a common ethical framework to underpin governance practices and to provide greater clarity in the design of accountability mechanisms. The final part focuses on the trajectory of regulatory reform, noting the considerable potential for change as a result of the role of the state in the rescue and recuperation of the financial system and stressing the need for fundamental re-appraisal of business and regulatory models.

Frankfurt as a Financial Centre

Frankfurt as a Financial Centre
Author: Carl-Ludwig Holtfrerich
Publsiher: C.H.Beck
Total Pages: 365
Release: 1999
ISBN 10: 9783406456718
ISBN 13: 3406456715
Language: EN, FR, DE, ES & NL

Frankfurt as a Financial Centre Book Review:

Statistics of Financial Markets

Statistics of Financial Markets
Author: Jürgen Franke,Wolfgang Härdle,Christian Hafner
Publsiher: Springer Science & Business Media
Total Pages: 424
Release: 2004
ISBN 10: 9783540216759
ISBN 13: 3540216758
Language: EN, FR, DE, ES & NL

Statistics of Financial Markets Book Review:

Extreme Value Theory (EVT), GARCH MODELS, Hypothesis Testing, Fitting Probability Distributions to Risk Factors and Portfolios.

The Commercial and Financial Chronicle

The Commercial and Financial Chronicle
Author: Anonim
Publsiher: Anonim
Total Pages: 329
Release: 1895
ISBN 10:
ISBN 13: UCAL:C2631169
Language: EN, FR, DE, ES & NL

The Commercial and Financial Chronicle Book Review:

International Finance and Open Economy Macroeconomics

International Finance and Open Economy Macroeconomics
Author: Giancarlo Gandolfo
Publsiher: Springer Science & Business Media
Total Pages: 613
Release: 2002-06-01
ISBN 10: 9783540417309
ISBN 13: 3540417303
Language: EN, FR, DE, ES & NL

International Finance and Open Economy Macroeconomics Book Review:

"This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of the book." (Professor Jerome L. Stein, Brown University) From the reviews: "In this survey of international finance and open-economy macroeconomics, Gandolfo succeeds in meeting the needs of advanced undergraduate or lower-level graduate students through a largely textual and graphical approach, while at the same time presenting in the appendices explicit mathematical analyses for more advanced graduate students." (Journal of Banking & Finance 2004)

The Economics of Financial Markets

The Economics of Financial Markets
Author: Roy E. Bailey
Publsiher: Cambridge University Press
Total Pages: 528
Release: 2005-05-26
ISBN 10: 9780521848275
ISBN 13: 052184827X
Language: EN, FR, DE, ES & NL

The Economics of Financial Markets Book Review:

The Economics of Financial Markets presents a concise overview of capital markets, suitable for advanced undergraduates and for beginning graduate students in financial economics. Following a brief overview of financial markets - their microstructure and the randomness of stock market prices - this textbook explores how the economics of uncertainty can be applied to financial decision-making. The mean-variance model of portfolio selection is discussed, with analysis extended to the capital asset pricing model (CAPM). Arbitrage plays a pivotal role in finance and is studied in a variety of contexts, including the APT model of asset prices. Methods for the empirical evaluation of CAPM and APT are also discussed, together with the volatility of asset prices, the intertemporal CAPM and the equity premium puzzle. An analysis of bond contracts leads into an assessment of theories of the term structure of interest rates. Finally, financial derivatives are explored, focusing on futures and options contracts.

An Introduction to Financial Markets and Institutions

An Introduction to Financial Markets and Institutions
Author: Maureen Burton,Reynold F. Nesiba,Bruce Brown
Publsiher: Routledge
Total Pages: 700
Release: 2015-03-04
ISBN 10: 1317476743
ISBN 13: 9781317476740
Language: EN, FR, DE, ES & NL

An Introduction to Financial Markets and Institutions Book Review:

Completely revised and updated to include the ongoing financial crisis and the Obama administration's programs to combat it, this is the best available introductory textbook for an undergraduate course on Financial Markets and Institutions. It provides balanced coverage of theories, policies, and institutions in a conversational style that avoids complex models and mathematics, making it a student-friendly text with many unique teaching features. Financial crises, global competition, deregulation, technological innovation, and growing government oversight have significantly changed financial markets and institutions. The new edition of this text is designed to capture the ongoing changes, and to present an analytical framework that enables students to understand and anticipate changes in the financial system and accompanying changes in markets and institutions. The text includes Learning Objectives and end-of-chapter Key Words and Questions, and an online Instructor's Manual is available to adopters.

Democratic Processes and Financial Markets

Democratic Processes and Financial Markets
Author: William Bernhard,David Leblang
Publsiher: Cambridge University Press
Total Pages: 329
Release: 2006-07-24
ISBN 10: 1107320992
ISBN 13: 9781107320994
Language: EN, FR, DE, ES & NL

Democratic Processes and Financial Markets Book Review:

The authors examine the conditions under which democratic events, including elections, cabinet formations, and government dissolutions, affect asset markets. Where these events have less predictable outcomes, market returns are depressed and volatility increases. In contrast, where market actors can forecast the result, returns do not exhibit any unusual behavior. Further, political expectations condition how markets respond to the political process. When news causes market actors to update their political beliefs, market actors reallocate their portfolios, and overall market behavior changes. To measure political information, Professors Bernhard and Leblang employ sophisticated models of the political process. They draw on a variety of models of market behavior, including the efficient markets hypothesis, capital asset pricing model, and arbitrage pricing theory, to trace the impact of political events on currency, stock, and bond markets. The analysis will appeal to academics, graduate students, and advanced undergraduates across political science, economics, and finance.

Forecasting Financial Markets in India

Forecasting Financial Markets in India
Author: Rudra Prakash Pradhan
Publsiher: Allied Publishers
Total Pages: 209
Release: 2009
ISBN 10: 9788184244267
ISBN 13: 8184244266
Language: EN, FR, DE, ES & NL

Forecasting Financial Markets in India Book Review:

Papers presented at the Forecasting Financial Markets in India, held at Kharagpur during 29-31 December 2008.

Ideas for the Future of the International Monetary System

Ideas for the Future of the International Monetary System
Author: Michele Fratianni,Dominick Salvatore,Paolo Savona
Publsiher: Springer Science & Business Media
Total Pages: 355
Release: 1999-01-31
ISBN 10: 9780792384359
ISBN 13: 0792384350
Language: EN, FR, DE, ES & NL

Ideas for the Future of the International Monetary System Book Review:

Approximately two years ago, the Guido Carli Association charged a group of distinguished economists with studying various aspects of the international monetary system and proposing ways to improve it. The studies were presented at a conference in Florence, Italy, on June 19, 1998 and their edited versions are published in this volume. Ideas for the Future of the International Monetary System consists of two parts: Part I contains the studies commissioned by the Carli Association - those by Dominick Salvatore; Koichi Hamada; Forrest Capie; Michele Fratianni, Andreas Hauskrecht and Aurelio Maccario; Jürgen von Hagen and Ingo Fender, Michael Artis, Marion Kohler and Jacques Mélitz; Barry Eichengreen; Michele Fratianni and Andreas Hauskrecht; Paolo Savona and Aurelio Maccario; and Elvio Dal Bosco - and the comments by Paul De Grauwe and William Branson, and the editors' conclusions. Part II contains three papers presented at the Florence conference, by Antonio Fazio, Carl Scognamiglio, and Alberto Predieri.

London International Financial Futures Exchange Yearbook

London International Financial Futures Exchange Yearbook
Author: Anonim
Publsiher: Macmillan International Higher Education
Total Pages: 378
Release: 1988-11-11
ISBN 10: 1349100005
ISBN 13: 9781349100002
Language: EN, FR, DE, ES & NL

London International Financial Futures Exchange Yearbook Book Review:

The New Capital Markets in Central and Eastern Europe

The New Capital Markets in Central and Eastern Europe
Author: Michael Schröder,European Capital Markets Institute
Publsiher: Springer Science & Business Media
Total Pages: 518
Release: 2001-02-27
ISBN 10: 9783540415145
ISBN 13: 3540415149
Language: EN, FR, DE, ES & NL

The New Capital Markets in Central and Eastern Europe Book Review:

An excellent analyses of the effects of EU enlargement on capital markets in the most advanced countries of Central and Eastern Europe and Russia. It also investigates the EU's impact on the interactions between Eastern and Western capital markets. The study is particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries.