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Book Description
Les produits dérivés occupent aujourd'hui une place importante sur les marchés financiers. Le développement croissant de ces produits soulève de vives inquiétudes concernant leur rôle dans l'augmentation de la volatilité sur la plupart des marchés financiers et les crises financières qui se succèdent depuis 2007. Cet ouvrage étudie l'impact de l'introduction des contrats d'option sur la stabilité des actifs sous-jacent et sur le bien-ètre social. Après une revue de la littérature sur la question, le second chapitre analyse le rôle d'une option redondante en présence d'imperfections financières. Dans le troisième chapitre, on prend en compte l'existence d'asymétrie d'information. Dans un premier modèle, les agents informés ont un comportement concurrentiel. Dans un second modèle, les agents informés tiennent compte de l'impact de leurs transactions sur les prix d'échange. Le quatrième chapitre traite de l'impact sur la volatilité de l'action de la pratique de l'assurance de portefeuille et d'un contrat d'option. Le dernier chapitre introduit le concept de rationalisabilité pour étudier l'impact de l'option sur la stabilité de l'action.
Book Description
Les produits dérivés occupent aujourd'hui une place importante sur les marchés financiers. Le développement croissant de ces produits soulève de vives inquiétudes concernant leur rôle dans l'augmentation de la volatilité sur la plupart des marchés financiers et les crises financières qui se succèdent depuis 2007. Cet ouvrage étudie l'impact de l'introduction des contrats d'option sur la stabilité des actifs sous-jacent et sur le bien-ètre social. Après une revue de la littérature sur la question, le second chapitre analyse le rôle d'une option redondante en présence d'imperfections financières. Dans le troisième chapitre, on prend en compte l'existence d'asymétrie d'information. Dans un premier modèle, les agents informés ont un comportement concurrentiel. Dans un second modèle, les agents informés tiennent compte de l'impact de leurs transactions sur les prix d'échange. Le quatrième chapitre traite de l'impact sur la volatilité de l'action de la pratique de l'assurance de portefeuille et d'un contrat d'option. Le dernier chapitre introduit le concept de rationalisabilité pour étudier l'impact de l'option sur la stabilité de l'action.
Author: Janos Barberis Publisher: John Wiley & Sons ISBN: 1119362172 Category : Business & Economics Languages : en Pages : 970
Book Description
The Regulatory Technology Handbook The transformational potential of RegTech has been confirmed in recent years with US$1.2 billion invested in start-ups (2017) and an expected additional spending of US$100 billion by 2020. Regulatory technology will not only provide efficiency gains for compliance and reporting functions, it will radically change market structure and supervision. This book, the first of its kind, is providing a comprehensive and invaluable source of information aimed at corporates, regulators, compliance professionals, start-ups and policy makers. The REGTECH Book brings into a single volume the curated industry expertise delivered by subject matter experts. It serves as a single reference point to understand the RegTech eco-system and its impact on the industry. Readers will learn foundational notions such as: • The economic impact of digitization and datafication of regulation • How new technologies (Artificial Intelligence, Blockchain) are applied to compliance • Business use cases of RegTech for cost-reduction and new product origination • The future regulatory landscape affecting financial institutions, technology companies and other industries Edited by world-class academics and written by compliance professionals, regulators, entrepreneurs and business leaders, the RegTech Book represents an invaluable resource that paves the way for 21st century regulatory innovation.
Author: John Eatwell Publisher: Oxford University Press, USA ISBN: 9780195154986 Category : Business & Economics Languages : en Pages : 496
Book Description
Comprising 19 commissioned articles, this collection addresses the global issues of volatility in equity and foreign exchange markets and the regulatory scene in developed and emerging markets.
Author: Liber Amicorum Publisher: ISBN: 9789291817016 Category : Banking law Languages : en Pages : 414
Book Description
"The book contains a collection of articles on the European Union and the European System of Central Banks (ESCB), the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial law. The authors are current or former members of the Legal Committee of the ESCB (LEGCO). This book commemorates ten years of work by the Working Group of Legal Experts of the European Monetary Institute and by the LEGCO. It is dedicated to Mr Paolo Zamboni Garavelli, former Head of the Legal Department at the Banca d'Italia and member of LEGCO, who died in 2004."--Editor.
Author: John Marthinsen Publisher: Walter de Gruyter GmbH & Co KG ISBN: 1547400056 Category : Business & Economics Languages : en Pages : 409
Book Description
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.
Author: Mark Carey Publisher: University of Chicago Press ISBN: 0226092984 Category : Business & Economics Languages : en Pages : 669
Book Description
Until about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events—such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode—has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks. The Risks of Financial Institutions examines the various risks affecting financial institutions and explores a variety of methods to help institutions and regulators more accurately measure and forecast risk. The contributors--from academic institutions, regulatory organizations, and banking--bring a wide range of perspectives and experience to the issue. The result is a volume that points a way forward to greater financial stability and better risk management of financial institutions.
Author: Benoit B. Mandelbrot Publisher: Profile Books ISBN: 1847651550 Category : Business & Economics Languages : en Pages : 352
Book Description
This international bestseller, which foreshadowed a market crash, explains why it could happen again if we don't act now. Fractal geometry is the mathematics of roughness: how to reduce the outline of a jagged leaf or static in a computer connection to a few simple mathematical properties. With his fractal tools, Mandelbrot has got to the bottom of how financial markets really work. He finds they have a shifting sense of time and wild behaviour that makes them volatile, dangerous - and beautiful. In his models, the complex gyrations of the FTSE 100 and exchange rates can be reduced to straightforward formulae that yield a much more accurate description of the risks involved.
Author: Didier Bensadon Publisher: Springer ISBN: 3319282255 Category : Business & Economics Languages : en Pages : 477
Book Description
This book, dedicated to Prof. Jacques Richard, is about the economic, political, social and even environmental consequences of setting accounting standards, with emphasis on those that are alleged to be precipitated by the adoption and implementation of IFRS. The authors offer their reasoned critiques of the effectiveness of IFRS in promoting genuine global comparability of financial reporting. The editors of this collection have invited authors from 17 countries, so that a great variety of accounting, auditing and regulatory cultures, and educational perspectives, is amply on display in their essays.
Author: Asian Development Bank Publisher: ISBN: Category : Business & Economics Languages : en Pages : 124
Book Description
Aiming to support the development of a framework for the analysis of risk in project design and economic analysis, this handbook outlines technical approaches to modeling risk. Also summarized is the nature and practice of sensitivity analysis in dealing with uncertain outcomes as well as the principles to consider in typical risk analysis situations sector by sector. Case studies are included to demonstrate the application of quantitative risk analysis using actual Asian Development Bank projects to help improve project design and quality. Handbook users will learn to identify factors that are the key determinants of project outcomes, determine the likelihood of an individual project's returns being unacceptable, and design measures to mitigate the risks arising from the identified key factors.
Author: Khaled Bennour
Author: Khaled Bennour
Author: France. Ministère de l'économie, des finances et de la privatisation
Author: Janos Barberis
Author: John Eatwell
Author: Liber Amicorum
Author: John Marthinsen
Author: Mark Carey
Author: Benoit B. Mandelbrot
Author: Didier Bensadon
Author: Asian Development Bank