2010, ISBN: 9780471020257

Paperback, Hardcover

Paperback / softback. New. Examine the changing nature of foreign investments in Latin America!Generously enhanced with easy-to-understand charts, tables, and graphs, this book covers th… More...

Paperback / softback. New. Examine the changing nature of foreign investments in Latin America!Generously enhanced with easy-to-understand charts, tables, and graphs, this book covers the ins and outs of foreign direct investment in the established and emerging markets of Latin America. In addition to an overview of direct investment for the entire Latin American region in the 1990s, this valuable book examines specific countries' experiences with FDI in that decade. These include Argentina, Chile, Mexico, Brazil, Peru, Ecuador, Paraguay, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.Spending on environmental projects is on the rise, and Latin American nations are at the forefront of this financial whirlwind in the developing world. Foreign Direct Investment in Latin America: Its Changing Nature at the Turn of the Century examines the difficulties of assessing environmental investments. It analyzes the role of international capital in Latin-American environmental issues and discusses the major players, such as the World Bank, in international capital and the environment.Foreign Direct Investment in Latin America presents case studies that illustrate: the history of FDI in Argentina and the impact of the privatization of state-owned enterprises in 1991-1993 the similarities and differences between 1990s FDI in Mexico and Chile the ways that modern investment in Brazil differs in purpose from investment there in previous economic eras how Peru addressed its balance-of-payments crisis in a time when its domestic financial markets were thin and there existed few sources of financing besides banks how Paraguay's historical lack of infrastructure has hampered FDI efforts there Ecuador's financial and balance-of-payments crisis-its currency is in free-fall and its financial institutions are on the brink of collapse . . . and much more!Foreign Direct Investment in Latin America packs all this valuable information into a single user-friendly source. As we move into the new millennium, no student, educator, or investor interested in this quickly evolving, volatile market should be without it!, 6, New. Dramatic changes in the foreign exchange and money markets have considerably altered the way international business will be conducted in the new millennium. The advent of the Euro, the enormous growth of the swaps market, and the daily increase in the development of derivative instruments are at the forefront of this evolution. If you're an investor, corporate finance officer, or anyone seeking to gain the essential edge in the world's major financial markets, resources for sound, accessible, and timely information are more important than ever. This updated, totally revised, and expanded edition of finance expert Julian Walmsley's popular classic is the one book you'll need. Practical and easy-to-understand, this unique reference provides guidance on every important market around the world, including closely related money markets such as the commercial paper and Eurocommercial paper markets, national money markets, interest rate options markets, and numerous related instruments. You will also find state-of-the-art sections on: The Euro Swaps-the instrument with the fastest growing market of all time Money market calculations Foreign exchange calculations Derivatives Risk issues From currency option markets to the &quot;third generation&quot; hedging products that combine forwards and options, The Foreign Exchange and Money Markets Guide, Second Edition, unites volumes of information in one single source-and demystifies the seemingly complex concepts facing investors today. Julian Walmsley is Managing Director of Askeaton Associates Ltd. and a Visiting Research Fellow at the International Securities Market Association Centre for Securities Research at the University of Reading, England. Previously, he was Chief Investment Officer for Mitsubishi Finance International and also Senior Investment Officer for Oil Insurance in Bermuda. He spent many years working with Barclays Bank's foreign exchange operations and their interest rate and currency swaps group in London and New York, and was a director in charge of swaps at the London subsidiary of National Bank of North Carolina (NCNB). His other books include New Financial Instruments and The Foreign Exchange Handbook (both published by Wiley), and Global Investing: Eurobonds and Alternatives. Mr. Walmsley earned his MA in economics at Cambridge University. THE CLASSIC GUIDEBOOK COMPLETELY REVISED AND UPDATED FOR THE NEW MILLENNIUM Written by a well-known financial author and respected authority on international investing, trading, and risk management, this updated, totally revised, and expanded second edition of The Foreign Exchange and Money Markets Guide provides essential, easy-to-understand coverage of the considerable developments that have drastically reshaped the way international business will be conducted in the new millennium. From state-of-the-art sections on the dawn of the Euro, the rapidly growing swaps market, and the daily increase in derivative instruments, to money market and foreign exchange calculations and risk issues, this invaluable classic includes the most timely, accessible, and dependable information on every important market around the world. Here is the quintessential resource for institutional investors, bankers, pension fund managers, or anyone seeking to gain that crucial edge in the world's major financial markets., 6, Santa Barbara: Praeger, 2010. Fifth printing [stated]. Hardcover. Very good/very good. xvii, [1], 171, [3] pages. Illustrations. Notes. Index. Inscribed on fep with signatures of both authors. DJ has slight wear and soiling. Mary Adams is a co-founder of I-Capital Advisors and Trek Consulting. She is one of the leading U.S. experts on intangible capital and is the author of the Smarter Companies blog. In 2006, Mary created the IC Knowledge Center, a site that today is home to a global community of IC thought leaders. Prior to starting her consulting business, she had a fifteen-year career as a high-risk lender at Citicorp and Sanwa Business Credit. Mary Adams helps managers optimize their organizations to excel in the global knowledge economy. She is one of the leading US experts on intangible capital. Michael Oleksak is a co-founder of Trek Consulting and the Exit Planning Exchange. He has been a trusted advisor to countless owner/managers of middle market businesses. Intangible Capital: Putting Knowledge to Work in the 21st Century Organization explains the approaches that have helped Michael's clients adapt to the knowledge era. Prior to co-founding Trek in 2002, Michael built a Latin American business for the PORTIA group at Thomson Financial. He began his career as a VP and commercial lending officer for Bank of Boston. Michael and his co-author, Mary Adams, met in the Dominican Republic in 1984 while working for U.S. banks and later transferred to Los Angeles. Intangible Capital: Putting Knowledge to Work in the 21st-Century Organization is for every manager struggling to succeed and innovate in today's knowledge-based economy. This must-have handbook helps businesspeople build smarter, more successful companies by maximizing the knowledge that is already inside their organizations. Most businesspeople have heard of the growing importance of knowledge workers, information technology, innovation, networks, reputation, and performance management. Like no other guidebook, Intangible Capital shows how each of these trends fit into an overall discipline of intangibles management. The book takes the ten basic building blocks of traditional, industrial-era businesses and defines their knowledge-era equivalents--intangibles as the new raw material, intellectual capital (IC) as the new production line, IC assessment as the new balance sheet, and networks as the new organizational chart. This approach provides a clear road map for managers adapting to the realities of business today, one that helps translate the new world of the knowledge-based economy into understandable terms and ready-to-implement ideas. Title Features: · Includes an exercise at the end of each chapter that enables readers to connect the chapter to their own businesses · Presents a resource section in each chapter for additional print and online sources · An accompanying website with sections for all key corporate titles (CEO, CFO, CIO, COO, etc.) shows how the book relates to their work and serves as a forum for ideas among readers · A full index covering both industrial- and knowledge-era tools to make it easier for readers to make a connection with their current work approaches., Praeger, 2010, 3, Wiley& Sons, Auflage: Har/Cdr (23. Mai 2006). Auflage: Har/Cdr (23. Mai 2006). Hardcover. 24,8 x 17,4 x 3,2 cm. The world of quantitative finance (QF) is one of the fastest growing areas of research and its practical applications to derivatives pricing problem. Since the discovery of the famous Black-Scholes equation in the 1970's we have seen a surge in the number of models for a wide range of products such as plain and exotic options, interest rate derivatives, real options and many others. Gone are the days when it was possible to price these derivatives analytically. For most problems we must resort to some kind of approximate method. In this book we employ partial differential equations (PDE) to describe a range of one-factor and multi-factor derivatives products such as plain European and American options, multi-asset options, Asian options, interest rate options and real options. PDE techniques allow us to create a framework for modeling complex and interesting derivatives products. Having defined the PDE problem we then approximate it using the Finite Difference Method (FDM). This method has been used for many application areas such as fluid dynamics, heat transfer, semiconductor simulation and astrophysics, to name just a few. In this book we apply the same techniques to pricing real-life derivative products. We use both traditional (or well-known) methods as well as a number of advanced schemes that are making their way into the QF literature: * Crank-Nicolson, exponentially fitted and higher-order schemes for one-factor and multi-factor options * Early exercise features and approximation using front-fixing, penalty and variational methods * Modelling stochastic volatility models using Splitting methods * Critique of ADI and Crank-Nicolson schemes; when they work and when they don't work * Modelling jumps using Partial Integro Differential Equations (PIDE) * Free and moving boundary value problems in QF Included with the book is a CD containing information on how to set up FDM algorithms, how to map these algorithms to C++ as well as several working programs for one-factor and two-factor models. We also provide source code so that you can customize the applications to suit your own needs. Finite Difference Methods in Financial EngineeringA Partial Differential Equation Approach (Wiley Finance) Daniel J. Duffy quantitative finance research derivatives pricing Black-Scholes equation exotic options interest rate partial differential equatio This book proved to be a useful reference for practical implementation of finite-difference methods for PDEs: several one- and multi-factor financial derivatives pricing models, including local volatility models and models with stochastic volatilities. The methods described in the text are stable, accurate and reasonably efficient. Stability of FD methods is obviously of top concern to the author (as it should be to readers as well), and he goes into extensive detail evaluating the stability of various techniques. The writing is clear and consistent, though a "notational" index or glossary would have been helpful, particularly in the early going. The author provides several practical examples, which lends a refreshing degree of concreteness to the book. Author: Daniel Duffy is a numerical analyst who has been working in the IT business since 1979. He has been involved in the analysis, design and implementation of systems using object-oriented, component and (more recently) intelligent agent technologies to large industrial and financial applications. As early as 1993 he was involved in C++ projects for risk management and options applications with a large Dutch bank. His main interest is in finding robust and scalable numerical schemes that approximate the partial differential equations that model financial derivatives products. He has an M.Sc. in the Finite Element Method first-order hyperbolic systems and a Ph.D. in robust finite difference methods for convection-diffusion partial differential equations. Both degrees are from Trinity College, Dublin, Ireland. Daniel Duffy is founder of Datasim Education and Datasim Component Technology, two companies involved in training, consultancy and software development. ISBN 978-0470858820 ISBN 0470858826 Reihe/Serie The Wiley Finance Series Verlagsort Chichester Sprache englisch Maße 178 x 252 mmWirtschaft Betriebswirtschaft Management ISBN-10 0-470-85882-6 / 0470858826 ISBN-13 978-0-470-85882-0 / 9780470858820 Content: 0 Goals of this Book and Global Overview 1 0.1 What is this book? 1 0.2 Why has this book been written? 2 0.3 For whom is this book intended? 2 0.4 Why should I read this book? 2 0.5 The structure of this book 3 0.6 What this book does not cover 4 0.7 Contact, feedback and more information 4 PART I THE CONTINUOUS THEORY OF PARTIAL DIFFERENTIAL EQUATIONS 5 1 An Introduction to Ordinary Differential Equations 7 1.1 Introduction and objectives 7 1.2 Two-point boundary value problem 8 1.3 Linear boundary value problems 9 1.4 Initial value problems 10 1.5 Some special cases 10 1.6 Summary and conclusions 11 2 An Introduction to Partial Differential Equations 13 2.1 Introduction and objectives 13 2.2 Partial differential equations 13 2.3 Specialisations 15 2.4 Parabolic partial differential equations 18 2.5 Hyperbolic equations 20 2.6 Systems of equations 22 2.7 Equations containing integrals 23 2.8 Summary and conclusions 24 3 Second-Order Parabolic Differential Equations 25 3.1 Introduction and objectives 25 3.2 Linear parabolic equations 25 3.3 The continuous problem 26 3.4 The maximum principle for parabolic equations 28 3.5 A special case: one-factor generalised Black Scholes models 29 3.6 Fundamental solution and the Green s function 30 3.7 Integral representation of the solution of parabolic PDEs 31 3.8 Parabolic equations in one space dimension 33 3.9 Summary and conclusions 35 4 An Introduction to the Heat Equation in One Dimension 37 4.1 Introduction and objectives 37 4.2 Motivation and background 38 4.3 The heat equation and financial engineering 39 4.4 The separation of variables technique 40 4.5 Transformation techniques for the heat equation 44 4.6 Summary and conclusions 46 5 An Introduction to the Method of Characteristics 47 5.1 Introduction and objectives 47 5.2 First-order hyperbolic equations 47 5.3 Second-order hyperbolic equations 50 5.4 Applications to financial engineering 53 5.5 Systems of equations 55 5.6 Propagation of discontinuities 57 5.7 Summary and conclusions 59 PART II FINITE DIFFERENCE METHODS: THE FUNDAMENTALS 61 6 An Introduction to the Finite Difference Method 63 6.1 Introduction and objectives 63 6.2 Fundamentals of numerical differentiation 63 6.3 Caveat: accuracy and round-off errors 65 6.4 Where are divided differences used in instrument pricing? 67 6.5 Initial value problems 67 6.6 Nonlinear initial value problems 72 6.7 Scalar initial value problems 75 6.8 Summary and conclusions 76 7 An Introduction to the Method of Lines 79 7.1 Introduction and objectives 79 7.2 Classifying semi-discretisation methods 79 7.3 Semi-discretisation in space using FDM 80 7.4 Numerical approximation of first-order systems 85 7.5 Summary and conclusions 89 8 General Theory of the Finite Difference Method 91 8.1 Introduction and objectives 91 8.2 Some fundamental concepts 91 8.3 Stability and the Fourier transform 94 8.4 The discrete Fourier transform 96 8.5 Stability for initial boundary value problems 99 8.6 Summary and conclusions 101 9 Finite Difference Schemes for First-Order Partial Differential Equations 103 9.1 Introduction and objectives 103 9.2 Scoping the problem 103 9.3 Why first-order equations are different: Essential difficulties 105 9.4 A simple explicit scheme 106 9.5 Some common schemes for initial value problems 108 9.6 Some common schemes for initial boundary value problems 110 9.7 Monotone and positive-type schemes 110 9.8 Extensions, generalisations and other applications 111 9.9 Summary and conclusions 115 10 FDM for the One-Dimensional Convection Diffusion Equation 117 10.1 Introduction and objectives 117 10.2 Approximation of derivatives on the boundaries 118 10.3 Time-dependent convection diffusion equations 120 10.4 Fully discrete schemes 120 10.5 Specifying initial and boundary conditions 121 10.6 Semi-discretisation in space 121 10.7 Semi-discretisation in time 122 10.8 Summary and conclusions 122 11 Exponentially Fitted Finite Difference Schemes 123 11.1 Introduction and objectives 123 11.2 Motivating exponential fitting 123 11.3 Exponential fitting and time-dependent convection-diffusion 128 11.4 Stability and convergence analysis 129 11.5 Approximating the derivative of the solution 131 11.6 Special limiting cases 132 11.7 Summary and conclusions 132 PART III APPLYING FDM TO ONE-FACTOR INSTRUMENT PRICING 135 12 Exact Solutions and Explicit Finite Difference Method for One-Factor Models 137 12.1 Introduction and objectives 137 12.2 Exact solutions and benchmark cases 137 12.3 Perturbation analysis and risk engines 139 12.4 The trinomial method: Preview 139 12.5 Using exponential fitting with explicit time marching 142 12.6 Approximating the Greeks 142 12.7 Summary and conclusions 144 12.8 Appendix: the formula for Vega 144 13 An Introduction to the Trinomial Method 147 13.1 Introduction and objectives 147 13.2 Motivating the trinomial method 147 13.3 Trinomial method: Comparisons with other methods 149 13.4 The trinomial method for barrier options 151 13.5 Summary and conclusions 152 14 Exponentially Fitted Difference Schemes for Barrier Options 153 14.1 Introduction and objectives 153 14.2 What are barrier options? 153 14.3 Initial boundary value problems for barrier options 154 14.4 Using exponential fitting for barrier options 154 14.5 Time-dependent volatility 156 14.6 Some other kinds of exotic options 157 14.7 Comparisons with exact solutions 159 14.8 Other schemes and approximations 162 14.9 Extensions to the model 162 14.10 Summary and conclusions 163 15 Advanced Issues in Barrier and Lookback Option Modelling 165 15.1 Introduction and objectives 165 15.2 Kinds of boundaries and boundary conditions 165 15.3 Discrete and continuous monitoring 168 15.4 Continuity corrections for discrete barrier options 171 15.5 Complex barrier options 171 15.6 Summary and conclusions 173 16 The Meshless (Meshfree) Method in Financial Engineering 175 16.1 Introduction and objectives 175 16.2 Motivating the meshless method 175 16.3 An introduction to radial basis functions 177 16.4 Semi-discretisations and convection diffusion equations 177 16.5 Applications of the one-factor Black Scholes equation 179 16.6 Advantages and disadvantages of meshless 180 16.7 Summary and conclusions 181 17 Extending the Black Scholes Model: Jump Processes 183 17.1 Introduction and objectives 183 17.2 Jump diffusion processes 183 17.2.1 Convolution transformations 185 17.3 Partial integro-differential equations and financial applications 186 17.4 Numerical solution of PIDE: Preliminaries 187 17.5 Techniques for the numerical solution of PIDEs 188 17.6 Implicit and explicit methods 188 17.7 Implicit explicit Runge Kutta methods 189 17.8 Using operator splitting 189 17.9 Splitting and predictor corrector methods 190 17.10 Summary and conclusions 191 PART IV FDM FOR MULTIDIMENSIONAL PROBLEMS 193 18 Finite Difference Schemes for Multidimensional Problems 195 18.1 Introduction and objectives 195 18.2 Elliptic equations 195 18.3 Diffusion and heat equations 202 18.4 Advection equation in two dimensions 205 18.5 Convection diffusion equation 207 18.6 Summary and conclusions 208 19 An Introduction to Alternating Direction Implicit and Splitting Methods 209 19.1 Introduction and objectives 209 19.2 What is ADI, really? 210 19.3 Improvements on the basic ADI scheme 212 19.4 ADI for first-order hyperbolic equations 215 19.5 ADI classico and three-dimensional problems 217 19.6 The Hopscotch method 218 19.7 Boundary conditions 219 19.8 Summary and conclusions 221 20 Advanced Operator Splitting Methods: Fractional Steps 223 20.1 Introduction and objectives 223 20.2 Initial examples 223 20.3 Problems with mixed derivatives 224 20.4 Predictor corrector methods (approximation correctors) 226 20.5 Partial integro-differential equations 227 20.6 More general results 228 20.7 Summary and conclusions 228 21 Modern Splitting Methods 229 21.1 Introduction and objectives 229 21.2 Systems of equations 229 21.3 A different kind of splitting: The IMEX schemes 232 21.4 Applicability of IMEX schemes to Asian option pricing 234 21.5 Summary and conclusions 235 PART V APPLYING FDM TO MULTI-FACTOR INSTRUMENT PRICING 237 22 Options with Stochastic Volatility: The Heston Model 239 22.1 Introduction and objectives 239 22.2 An introduction to Ornstein Uhlenbeck processes 239 22.3 Stochastic differential equations and the Heston model 240 22.4 Boundary conditions 241 22.5 Using finite difference schemes: Prologue 243 22.6 A detailed example 243 22.7 Summary and conclusions 246 23 Finite Difference Methods for Asian Options and Other Mixed Problems 249 23.1 Introduction and objectives 249 23.2 An introduction to Asian options 249 23.3 My first PDE formulation 250 23.4 Using operator splitting methods 251 23.5 Cheyette interest models 253 23.6 New developments 254 23.7 Summary and conclusions 255 24 Multi-Asset Options 257 24.1 Introduction and objectives 257 24.2 A taxonomy of multi-asset options 257 24.3 Common framework for multi-asset options 265 24.4 An overview of finite difference schemes for multi-asset problems 266 24.5 Numerical solution of elliptic equations 267 24.6 Solving multi-asset Black Scholes equations 269 24.7 Special guidelines and caveats 270 24.8 Summary and conclusions 271 25 Finite Difference Methods for Fixed-Income Problems 273 25.1 Introduction and objectives 273 25.2 An introduction to interest rate modelling 273 25.3 Single-factor models 274 25.4 Some specific stochastic models 276 25.5 An introduction to multidimensional models 278 25.6 The thorny issue of boundary conditions 280 25.7 Introduction to approximate methods for interest rate models 282 25.8 Summary and conclusions 283 PART VI FREE AND MOVING BOUNDARY VALUE PROBLEMS 285 26 Background to Free and Moving Boundary Value Problems 287 26.1 Introduction and objectives 287 26.2 Notation and definitions 287 26.3 Some preliminary examples 288 26.4 Solutions in financial engineering: A preview 293 26.5 Summary and conclusions 294 27 Numerical Methods for F, Wiley& Sons, 0, New. Models and methods for operational risks assessment and mitigation are gaining importance in financial institutions, healthcare organizations, industry, businesses and organisations in general. This book introduces modern Operational Risk Management and describes how various data sources of different types, both numeric and semantic sources such as text can be integrated and analyzed. The book also demonstrates how Operational Risk Management is synergetic to other risk management activities such as Financial Risk Management and Safety Management. Operational Risk Management: a practical approach to intelligent data analysis provides practical and tested methodologies for combining structured and unstructured, semantic-based data, and numeric data, in Operational Risk Management (OpR) data analysis. Key Features: * The book is presented in four parts: 1) Introduction to OpR Management, 2) Data for OpR Management, 3) OpR Analytics and 4) OpR Applications and its Integration with other Disciplines. * Explores integration of semantic, unstructured textual data, in Operational Risk Management. * Provides novel techniques for combining qualitative and quantitative information to assess risks and design mitigation strategies. * Presents a comprehensive treatment of &quot;near-misses&quot; data and incidents in Operational Risk Management. * Looks at case studies in the financial and industrial sector. * Discusses application of ontology engineering to model knowledge used in Operational Risk Management. Many real life examples are presented, mostly based on the MUSING project co-funded by the EU FP6 Information Society Technology Programme. It provides a unique multidisciplinary perspective on the important and evolving topic of Operational Risk Management. The book will be useful to operational risk practitioners, risk managers in banks, hospitals and industry looking for modern approaches to risk management that combine an analysis of structured and unstructured data. The book will also benefit academics interested in research in this field, looking for techniques developed in response to real world problems., 6, New York, Chichester, Brisbane, Toronto: John Wiley & Sons, Inc, 1978 WYSIWYG pricing--no added shipping charge for standard shipping within USA. Dark blue linen, gilt titles on spine, gilt device on front board, xix, 380 pp, 72 figures including 1 fold-out, 89 tables, index. Ink underlining on 4 pages, slight wear to corners and spine ends, faint stain to fore-edge. DJ rubbed, creased, & torn at extremities; in Brodart archival cover. Contents: gathering the data (sources of information; a tour through one bank's financial statements; patterns of data); perceiving the policies of a bank (liquidity, credit risk, interest rate & profitability policies); viewing the management of a bank (banking strategies; management controls); preparing an evaluation (forecasts; market valuation; composite valuation). The author "has seen banks from the viewpoints of a banker, regulator, consultant, and investor. Prior to his current position in the World Banking Division with the Bank of America, Mr. Herrick was economist for the Federal Reserve Bank, senior economist at Stanford Research Institute specializing in financial institutions, and vice president and senior securities analyst for Shuman, Agnew & Co., Inc." Shipping weight 3 lbs.. First Edition. . VG+/VG. 26 X 18 cm., John Wiley & Sons, Inc, 1978, 3<

1978, ISBN: 0471020257

[EAN: 9780471020257], Gebraucht, guter Zustand, [PU: See Description], Item is in good condition. Some moderate creases and wear. This item may not come with CDs or additional parts inclu… More...

[EAN: 9780471020257], Gebraucht, guter Zustand, [PU: See Description], Item is in good condition. Some moderate creases and wear. This item may not come with CDs or additional parts including access codes for textbooks. This may not have a dust jacket. Might be an ex-library copy and contain writing/highlighting. Photos are stock pictures and not of the actual item., Books<

1978, ISBN: 0471020257

[EAN: 9780471020257], Gebraucht, guter Zustand, [PU: See Description], Spine creases, wear to binding and pages from reading. May contain limited notes, underlining or highlighting that d… More...

[EAN: 9780471020257], Gebraucht, guter Zustand, [PU: See Description], Spine creases, wear to binding and pages from reading. May contain limited notes, underlining or highlighting that does affect the text. Possible ex library copy, will have the markings and stickers associated from the library. Accessories such as CD, codes, toys, may not be included., Books<

ISBN: 9780471020257

See Description. Hardcover. POOR. Noticeably used book. Heavy wear to cover. Pages contain marginal notes, underlining, and or highlighting. Possible ex library copy, with all the marki… More...

See Description. Hardcover. POOR. Noticeably used book. Heavy wear to cover. Pages contain marginal notes, underlining, and or highlighting. Possible ex library copy, with all the markings/stickers of that library. Accessories such as CD, codes, toys, and dust jackets may not be included., See Description, 1<