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March 29, 1900, is considered by many to be the day mathematical finance was born. On that day a French doctoral student, Louis Bachelier, successfully defended his thesis Theorie de la Speculation at the Sorbonne. This book provides a translation of Bachelier's seminal work.
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Presents the conceptual foundations for the application of the LIBOR market model to the pricing of interest-rate... Læs mere
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Dealer banks - that is, large banks that deal in securities and derivatives, such as J P Morgan and Goldman Sachs - are of a size and complexity that sharply... Læs mere
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Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? Dealing with the relation between investment, finance, and growth in China, this book dismisses this concern.
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Suitable for doctoral students and researchers, this book talks about the theory of asset pricing and portfolio selection in multiperiod settings under... Læs mere
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Over-the-counter (OTC) markets for derivatives, collateralized debt obligations, and repurchase agreements played a... Læs mere
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Offers an introduction to the theoretical and methodological foundations of competitive asset pricing. This book develops the fundamentals of arbitrage pricing, mean-variance... Læs mere
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Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market... Læs mere
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At their core, ISDS treaties are flawed because they very firmly institute wealth-based inequality under international law. In this book, Van Harten explores these claims in the light of the history of early ISDS treaties.
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The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity offers a more accurate and authoritative take on liquidity and price discovery.
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What has been done since the 2008 financial crisis to reform the regulation of derivatives markets? The... Læs mere
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