Market Consistency

Author : Malcolm Kemp
Publisher : John Wiley & Sons
ISBN 13 : 0470684895
Total Pages : 647 pages
Book Rating : 4.94/5 ( download)

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Download or read book Market Consistency written by Malcolm Kemp and published by John Wiley & Sons. This book was released on 2009-09-10 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: Achieving market consistency can be challenging, even for the most established finance practitioners. In Market Consistency: Model Calibration in Imperfect Markets, leading expert Malcolm Kemp shows readers how they can best incorporate market consistency across all disciplines. Building on the author's experience as a practitioner, writer and speaker on the topic, the book explores how risk management and related disciplines might develop as fair valuation principles become more entrenched in finance and regulatory practice. This is the only text that clearly illustrates how to calibrate risk, pricing and portfolio construction models to a market consistent level, carefully explaining in a logical sequence when and how market consistency should be used, what it means for different financial disciplines and how it can be achieved for both liquid and illiquid positions. It explains why market consistency is intrinsically difficult to achieve with certainty in some types of activities, including computation of hedging parameters, and provides solutions to even the most complex problems. The book also shows how to best mark-to-market illiquid assets and liabilities and to incorporate these valuations into solvency and other types of financial analysis; it indicates how to define and identify risk-free interest rates, even when the creditworthiness of governments is no longer undoubted; and it explores when practitioners should focus most on market consistency and when their clients or employers might have less desire for such an emphasis. Finally, the book analyses the intrinsic role of regulation and risk management within different parts of the financial services industry, identifying how and why market consistency is key to these topics, and highlights why ideal regulatory solvency approaches for long term investors like insurers and pension funds may not be the same as for other financial market participants such as banks and asset managers.

Author : J. Marangos
Publisher : Springer
ISBN 13 : 1137080876
Total Pages : 281 pages
Book Rating : 4.75/5 ( download)

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Download or read book Consistency and Viability of Capitalist Economic Systems written by J. Marangos and published by Springer. This book was released on 2013-05-08 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consistency and Viability of Capitalist Economic Systems develops an original analytical framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that give rise to certain economic systems by establishing consistency.

Author : Weldon Long
Publisher : John Wiley & Sons
ISBN 13 : 1118486803
Total Pages : 215 pages
Book Rating : 4.01/5 ( download)

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Download or read book The Power of Consistency written by Weldon Long and published by John Wiley & Sons. This book was released on 2013-03-25 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to achieve wealth, happiness, and peace of mind through personal responsibility The Power of Consistency is based on the fundamental premise that private declarations dictate future actions. In other words, we tend to take actions with the thoughts and beliefs we consistently have, and the cumulative results of those actions eventually create the quality and circumstances of our lives and businesses. Therefore, transformative change in life and business is possible when we reconstruct our minds and take responsibility for its content. Lays out a simple process—the Personal Prosperity Plan—to create powerful results in your life and business Explains the power of focus and your subconscious mind Outlines a four step process: focus, emotional connection, action, responsibility The Power of Consistency teaches you how to create a Personal Prosperity Plan, get deeply emotionally committed to the plan, and take consistent action toward implementing the plan for improved sales and business performance.

Author : J. Marangos
Publisher : Springer
ISBN 13 : 113732726X
Total Pages : 253 pages
Book Rating : 4.60/5 ( download)

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Download or read book Consistency and Viability of Islamic Economic Systems and the Transition Process written by J. Marangos and published by Springer. This book was released on 2013-08-27 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consistency and Viability of Islamic Economics Systems and the Transition Process outlines the transition problem for non-market economies and creates an analytic framework for understanding the cause and effect of these economies.

Author : J. Marangos
Publisher : Springer
ISBN 13 : 1137327251
Total Pages : 306 pages
Book Rating : 4.53/5 ( download)

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Download or read book Consistency and Viability of Socialist Economic Systems written by J. Marangos and published by Springer. This book was released on 2013-07-03 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic systems and the reforms processes examined in Consistency and Viability of Socialist Economics Systems are the centrally administered socialist economics system of the Soviet Union, the Liberman-Kosygin reforms, the Gorbachev reforms and market socialism of Yugoslavia.

Author : Walter Bossert
Publisher : Harvard University Press
ISBN 13 : 0674052994
Total Pages : 231 pages
Book Rating : 4.94/5 ( download)

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Download or read book Consistency, Choice, and Rationality written by Walter Bossert and published by Harvard University Press. This book was released on 2010-10-15 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Consistency, Choice, and Rationality, economic theorists Walter Bossert and Kotaro Suzumura present a thorough mathematical treatment of Suzumura consistency, an alternative to established coherence properties such as transitivity, quasi-transitivity, or acyclicity. Applications in individual and social choice theory, fields important not only to economics but also to philosophy and political science, are discussed. Specifically, the authors explore topics such as rational choice and revealed preference theory, and collective decision making in an atemporal framework as well as in an intergenerational setting.

Author : Daniel Simon
Publisher : Springer
ISBN 13 : 3319145711
Total Pages : 302 pages
Book Rating : 4.16/5 ( download)

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Download or read book Business Architecture Management written by Daniel Simon and published by Springer. This book was released on 2015-04-22 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a comprehensive overview of enterprise architecture management with a specific focus on the business aspects. While recent approaches to enterprise architecture management have dealt mainly with aspects of information technology, this book covers all areas of business architecture from business motivation and models to business execution. The book provides examples of how architectural thinking can be applied in these areas, thus combining different perspectives into a consistent whole. In-depth experiences from end-user organizations help readers to understand the abstract concepts of business architecture management and to form blueprints for their own professional approach. Business architecture professionals, researchers, and others working in the field of strategic business management will benefit from this comprehensive volume and its hands-on examples of successful business architecture management practices. ​

Author :
Publisher :
ISBN 13 :
Total Pages : 708 pages
Book Rating : 4.05/5 ( download)

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Download or read book Code of Federal Regulations written by and published by . This book was released on 2011 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.35/5 ( download)

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Download or read book Truth in Savings Act written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance and published by . This book was released on 1987 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Massimo Morini
Publisher : John Wiley & Sons
ISBN 13 : 0470977744
Total Pages : 452 pages
Book Rating : 4.43/5 ( download)

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Download or read book Understanding and Managing Model Risk written by Massimo Morini and published by John Wiley & Sons. This book was released on 2011-10-20 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the validation and risk management of quantitative models used for pricing and hedging Whereas the majority of quantitative finance books focus on mathematics and risk management books focus on regulatory aspects, this book addresses the elements missed by this literature--the risks of the models themselves. This book starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real-world examples, with a high level of detail and precise operative indications.