Описание: How do the organizational structure and rules of political parties affect political engagement and its reproduction? Analyzing Uruguay`s mass-organic Frente Amplio party, this book illustrates how organizational rules that give grassroots members a voice help reproduce activism. It will interest scholars and students of both Latin America and comparative politics.
Автор: Arias-Barrera, Ligia Catherine Название: Regulation and supervision of the otc derivatives market ISBN: 1138634786 ISBN-13(EAN): 9781138634787 Издательство: Taylor&Francis Рейтинг: Цена: 23734.00 р. Наличие на складе: Нет в наличии.
Описание:
The over-the-counter (OTC) derivatives market has captured the attention of regulators after the Global Financial Crisis due to the risk it poses to financial stability. Under the post-crisis regulatory reform the concentration of business, and risks, among a few major players is changed by the concentration of a large portion of transactions in the new market infrastructures, the Central Counterparties (CCPs).
This book, for the first time, analyses the regulatory response of the United Kingdom and the United States, the two largest centres of OTC derivatives transactions, and highlights their shortcomings. The book uses a normative risk-based approach to regulation as a methodological lens to analyse the UK regime of CCPs in the OTC derivatives market. It specifically focuses on prudential supervision and conduct of business rules governing OTC derivatives transactions and the move towards enhancing the use of central clearing. The resulting analysis, from a normative risk based approach, suggests that the UK regime for CCPs does not fulfil what would be expected if a coherent risk based approach was taken.
Our comments on the Dodd-Frank Act highlight that the incoherent adoption of risk-based approach to regulation affects the effectiveness of the US regime for CCPs. Such a regime does not follow the pace of events of 'innovation risk'. In particular, the foreseeable changes FinTech will bring to the OTCDM and central clearing services. The second inadequacy of the US regime concerns the dual regulatory structure of the CFTC and the SEC, and the inadequate adoption of different and not well-coordinated regulatory strategies. We also analyse the cross-border implications of the US regime for non-US CCPs that provide clearing services to US market participants. Finally, we study the negative effects of the absence of a clearly defined resolution regime for CCPs.
Автор: Grima S.T. Название: Financial derivatives: a blessing or a curse? ISBN: 1789732468 ISBN-13(EAN): 9781789732467 Издательство: Emerald Рейтинг: Цена: 25551.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Should we fear financial derivatives, or embrace them? Finance experts Simon Grima and Eleftherios I. Thalassinos explore what financial derivatives are, and whether the investment world should consider them useful tools, or a complete waste of time and money.
Описание: -Up-to-date with cutting edge topics -Suitable for professional quants and as library reference for students of finance and financial mathematics
Автор: Constantinides George M Название: Financial Derivatives ISBN: 981461842X ISBN-13(EAN): 9789814618427 Издательство: World Scientific Publishing Рейтинг: Цена: 5861.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Derivatives markets are an important and growing segment of financial markets and play an important role in the management of risk.
Автор: D. Bryan; M. Rafferty Название: Capitalism With Derivatives ISBN: 1349518638 ISBN-13(EAN): 9781349518630 Издательство: Springer Рейтинг: Цена: 10366.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Financial derivatives are now the largest form of financial transaction in the world, and they are transforming in pervasive ways the lived experience of capitalist economies. Financial derivatives are anchoring the global financial system and challenging the conventional understanding of ownership, money and capital.
Автор: David Murphy Название: OTC Derivatives: Bilateral Trading and Central Clearing ISBN: 1349451371 ISBN-13(EAN): 9781349451371 Издательство: Springer Рейтинг: Цена: 6097.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.
Название: Risk takers ISBN: 1547416092 ISBN-13(EAN): 9781547416097 Издательство: Walter de Gruyter Рейтинг: Цена: 9137.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
Risk Takers: Uses and Abuses of Financial Derivatives goes to the heart of the arcane and largely misunderstood world of derivative finance and makes it accessible to everyone--even novice readers. Marthinsen takes us behind the scenes, into the back alleyways of corporate finance and derivative trading, to provide a bird's-eye view of the most shocking financial disasters of the past quarter century.
The book draws on real-life stories to explain how financial derivatives can be used to create or to destroy value. In an approachable, non-technical manner, Marthinsen brings these financial derivatives situations to life, fully exploring the context of each event, evaluating their outcomes, and bridging the gap between theory and practice.
Автор: Keith Cuthbertson, Dirk Nitzsche Название: Financial Engineering: Derivatives & Risk Management ISBN: 1119595592 ISBN-13(EAN): 9781119595595 Издательство: Wiley Рейтинг: Цена: 7920.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
This fully revised and updated second edition of Financial Engineering: Derivatives & Risk Management provides a thorough grounding in all types of derivatives, starting from scratch in terms of basic knowledge, and then moving the emphasis to how derivatives are priced and then used in practice for speculation and hedging by traders, banks and other end-users such as pension funds, hedge funds and corporates.
The text includes a full range of pedagogic features, including example Q&A, end of chapter questions and answers and a glossary of key terms, symbols and formulas. A companion website provides further resources for students and instructors, with Powerpoint slides, answers to end of chapter questions, additional multiple-choice questions, online chapters and notes on selected advanced material, as well as interactive Matlab and Excel files to reproduce tables and graphs from the text.
Ideas for Ancillary Products
Companion website hosting answers to end of chapter questions, additional multiple-choice questions, online chapters and notes on selected advanced material, Matlab and Excel files (interactive) to reproduce tables/graphs in the text, as well as separate resources for lecturers
The 2008 financial crisis shook the financial derivatives market to its core, revealing a failure to fully price the cost of doing business then. As a response to this, and to cope with regulatory demands for massively increased capital and other measures with funding cost, the pre-2008 concept of Credit Valuation Adjustment (CVA) has evolved into the far more complex hybrid Cross Valuation Adjustment (XVA).
This book presents a clear and concise framework and provides key considerations for the computation of myriad adjustments to the price of financial derivatives, to fully reflect costs. XVA has been of great interest recently due to heavy funding costs (FVA), initial margin (MVA) and capital requirements (KVA) required to sustain a derivatives business since 2008, in addition to the traditional concepts of cost from counterparty default or credit deterioration (CVA), and its mirror image -- the cost of one own's default (DVA).
The book takes a practitioner's perspective on the above concepts, and then provides a framework to implement such adjustments in practice. Models are presented too, taking note of what is computationally feasible in light of portfolios typical of investment banks, and the different instruments associated with these portfolios.
Описание: This book proposes new tools and models to price options, assess market volatility, and investigate the market efficiency hypothesis. In particular, it considers new models for hedge funds and derivatives of derivatives, and adds to the literature of testing for the efficiency of markets both theoretically and empirically.
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