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"Equity strategies are closely guarded secrets and as such, there is very little written about how investors and corporate can utilise equity vehicles as part of their growth strategies. In this much-needed book, industry expert Juan Ramiraz guides readers through the whole range of equity derivative instruments, showing how they can be applied to a range of equity capital market situations, including hedging, yield enhancement and disposal of strategic stakes, mergers and acquisitions, stock options plan hedging, equity financings, share buybacks and other transactions on treasury shares, bank regulatory capital arbitrage and tax driven situations. The book includes case studies to highlight how equity derivative strategies have been used in real-life situations"--
Capital structure --- United States --- Derivative securities --- Options (Finance) --- -Options (Finance) --- -332.632 --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Securities --- Structured notes (Securities) --- Instruments financiers --- United States of America
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Structured products are sold to a wide range of retail, high net worth and institutional investors, with over £15bn of structured investments sold in the UK in 2009. Based on a non-specialist graduate lecture course given at University College London (UCL), this book provides an invaluable introduction to the fast growing world of derivative investments and the technology used in their design, pricing and structuring. The book gives a comprehensive overview of structuring and trading products based on the author's extensive international experience in structuring investment products across a range of underlying asset classes, including equities, interest rates, credit and hybrids. The product coverage ranges from equity investments such as reverse convertibles and basket correlation products, to credit products such as first-to-default notes and the notorious "CDO2". Written in a simple and accessible manner, this book will be of interest to students, bankers, investors and other finance professionals.
333.605 --- 339.42 --- AA / International- internationaal --- Nieuwe financiële instrumenten. --- Financiële analyse. --- Money market. Capital market --- Derivative securities --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Securities --- Structured notes (Securities) --- Nieuwe financiële instrumenten --- Financiële analyse
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Valuation and hedging of financial derivatives are intrinsically linked concepts. Choosing appropriate hedging techniques depends on both the type of derivative and assumptions placed on the underlying stochastic process. This volume provides a systematic treatment of hedging in incomplete markets. Mean-variance hedging under the risk-neutral measure is applied in the framework of exponential Lévy processes and for derivatives written on defaultable assets. It is discussed how to complete markets based upon stochastic volatility models via trading in both stocks and vanilla options. Exponentia
Derivative securities -- Valuation -- Mathematical models. --- Hedging (Finance) -- Mathematical models. --- Hedging (Finance) --- Derivative securities --- Finance --- Business & Economics --- Investment & Speculation --- Mathematical models --- Valuation --- -Derivative securities --- -332.6457 --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Securities --- Structured notes (Securities) --- Options (Finance) --- Speculation --- Financial futures --- -Mathematical models --- Mathematical models. --- Valuation&delete& --- E-books
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Building upon the ideas introduced in their previous book, Derivatives in Financial Markets with Stochastic Volatility, the authors study the pricing and hedging of financial derivatives under stochastic volatility in equity, interest-rate, and credit markets. They present and analyze multiscale stochastic volatility models and asymptotic approximations. These can be used in equity markets, for instance, to link the prices of path-dependent exotic instruments to market implied volatilities. The methods are also used for interest rate and credit derivatives. Other applications considered include variance-reduction techniques, portfolio optimization, forward-looking estimation of CAPM 'beta', and the Heston model and generalizations of it. 'Off-the-shelf' formulas and calibration tools are provided to ease the transition for practitioners who adopt this new method. The attention to detail and explicit presentation make this also an excellent text for a graduate course in financial and applied mathematics.
Derivative securities --- Econometric models --- -AA / International- internationaal --- 305.91 --- 333.605 --- 332.6457 --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Securities --- Structured notes (Securities) --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles. --- Nieuwe financiële instrumenten. --- Mathematical Sciences --- General and Others --- Stock exchanges --- Econometric models. --- Bulls and bears --- Commercial corners --- Corners, Commercial --- Equity markets --- Exchanges, Securities --- Exchanges, Stock --- Securities exchanges --- Stock-exchange --- Stock markets --- Capital market --- Efficient market theory --- Speculation --- E-books --- AA / International- internationaal --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Nieuwe financiële instrumenten --- Derivative securities - Econometric models
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Few topics have attracted as much attention worldwide in recent years as the RMB. These debates have gained added urgency in light of the financial crisis and the topic of RMB revaluation is now being actively debated in countries all over the world from Tunisia to the United States. This book explores the ever-changing role of the RMB and the related derivative products. However, it does so from a view that is heavily influenced by the fallout from the financial crisis as well as the in the context of the increasing maturity of the Chinese capital markets. The author has drawn on his experience
Derivative securities --- Renminbi. --- S10/0320 --- China: Economics, industry and commerce--Money and banking: since 1949 --- China - Foreign economic relations. --- Derivative securities - China. --- Derivative securities -- China. --- Foreign exchange - China. --- Foreign exchange --- Renminbi --- Finance --- Business & Economics --- Investment & Speculation --- CNY (Money) --- Ren min bi --- RMB (Money) --- Yuan (Money) --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Money --- Securities --- Structured notes (Securities) --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- International finance --- Currency crises --- China --- Foreign economic relations. --- E-books --- Marché financier --- Chine --- Marché financier
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This book gives a comprehensive introduction to the modeling of financial derivatives, covering all major asset classes (equities, commodities, interest rates and foreign exchange) and stretching from Black and Scholes' lognormal modeling to current-day research on skew and smile models. The intended reader has a solid mathematical background and is a graduate/final-year undergraduate student specializing in Mathematical Finance, or works at a financial institution such as an investment bank or a hedge fund.
Finance. --- Economics, Mathematical. --- Statistics. --- Finance, general. --- Quantitative Finance. --- Statistics for Business/Economics/Mathematical Finance/Insurance. --- Statistics for Business, Management, Economics, Finance, Insurance. --- Statistical analysis --- Statistical data --- Statistical methods --- Statistical science --- Mathematics --- Econometrics --- Funding --- Funds --- Economics --- Currency question --- Derivative securities --- 332.015195 --- 305.91 --- 333.605 --- AA / International- internationaal --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Securities --- Structured notes (Securities) --- Mathematical models --- Prices&delete& --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Nieuwe financiële instrumenten --- Mathematical models. --- Prices --- Economics, Mathematical . --- Statistics . --- Mathematical economics --- Methodology
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The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia’s first year in the euro area, albeit amid nascent tensions. The economy’s strong rebound has been grounded in a proven track record of prudent macroeconomic policies. Executive Directors endorsed that Estonia faces an increasingly challenging environment as it looks to continue implementing policies preserving macroeconomic policy credibility and safeguarding sustainable growth. They also stated that, for the financial sector, the challenge entails safeguarding stability in the context of heightened global financial tension.
International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Estonia --- Economic conditions. --- Economic policy. --- Banks and Banking --- Exports and Imports --- Macroeconomics --- Public Finance --- Statistics --- Investments: Derivatives --- International Lending and Debt Problems --- Fiscal Policy --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Debt --- Debt Management --- Sovereign Debt --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- National Government Expenditures and Related Policies: General --- International economics --- Econometrics & economic statistics --- Banking --- Public finance & taxation --- Finance --- External debt --- Fiscal stance --- Public debt --- Financial derivatives --- Financial institutions --- Expenditure --- Income --- National accounts --- Debts, External --- Fiscal policy --- Banks and banking --- Debts, Public --- Derivative securities --- Expenditures, Public --- Estonia, Republic of
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Despite enduring one of the sharpest contractions in the EU, Estonia has been successful in its all-out efforts to join the euro area. Core prices have also begun increasing but at a moderate rate. Recent wage increases have defied not only high unemployment but also increases in vacancies and long-term unemployment. Executive Directors welcomed the authorities’ medium-term goal of returning to budget surpluses to restore fiscal reserves and keep public debt at low levels. Directors observed that the financial sector had weathered the crisis relatively well.
Banks and banking --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Financial institutions --- Money --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Estonia --- Economic conditions. --- Economic policy. --- Banks and Banking --- Exports and Imports --- Investments: Derivatives --- Public Finance --- Industries: Financial Services --- Macroeconomics --- International Lending and Debt Problems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Debt --- Debt Management --- Sovereign Debt --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Demand and Supply of Labor: General --- Aggregate Factor Income Distribution --- International economics --- Public finance & taxation --- Labour --- income economics --- External debt --- Public debt --- Financial derivatives --- Loans --- Income --- National accounts --- Debts, External --- Debts, Public --- Derivative securities --- Estonia, Republic of --- Income economics
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The financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. In Codes of Finance, Vincent Antonin Lépinay, a former employee of one of the world's leading investment banks, takes readers behind the scenes of the equity derivatives business at the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and management of these financial instruments-and of how they ultimately created havoc inside and outside the bank.
Private finance --- Organization theory --- AA / International- internationaal --- FR / France - Frankrijk --- 333.605 --- 333.130.1 --- Nieuwe financiële instrumenten. --- Bankbedrijf. Buiten-balans verrichtingen. --- Bank management --- Derivative securities --- Financial engineering --- Selling --- Banks and banking --- Salesmanship --- Salesmen and salesmanship --- Business --- Retail trade --- Advertising --- Marketing --- Sales promotion --- Computational finance --- Engineering, Financial --- Finance --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Securities --- Structured notes (Securities) --- Management --- Bankbedrijf. Buiten-balans verrichtingen --- Nieuwe financiële instrumenten --- E-books --- 2008 financial crisis. --- CGPs. --- General Bank. --- back-office managers. --- bank. --- banks. --- border control. --- capital guarantee products. --- client preference. --- clients. --- codes. --- commoditization. --- competition. --- costs. --- credit default swaps. --- derivation. --- derivatives. --- economic derivation. --- economic goods. --- economic theorists. --- financial crisis. --- financial industry. --- financial instruments. --- financial operators. --- financial products. --- front office. --- high-maintenance products. --- investors. --- market values. --- market. --- markets. --- opaque strategies. --- portfolios. --- pricer. --- products. --- reverse finance. --- risks. --- salespeople. --- securities. --- services. --- traders. --- trading room. --- value creation.
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Security (Law) --- Derivative securities --- Over-the-counter markets --- Financial risk management --- Law and legislation --- AA / International- internationaal --- JP / Japan - Japon --- 347.731 --- 333.604 --- 333.605 --- Wetgeving op effectenbeurzen, de goederenbeurzen en de deviezenbeurzen. Raider. --- Reglementering van de financiële markten. Controle op de uitgifte van effecten. --- Nieuwe financiële instrumenten. --- Financial risk management. --- Security (Law). --- Law and legislation. --- OTC markets --- Over-the-counter securities --- Unlisted securities markets --- Securities --- Collateral security --- Secured transactions --- Commercial law --- Debtor and creditor --- Trade regulation --- Risk management --- Derivative financial instruments --- Derivative financial products --- Derivative instruments --- Derivatives (Finance) --- Financial derivatives --- Structured notes (Securities) --- Reglementering van de financiële markten. Controle op de uitgifte van effecten --- Nieuwe financiële instrumenten --- Wetgeving op effectenbeurzen, de goederenbeurzen en de deviezenbeurzen. Raider --- Derivative securities - Law and legislation --- Over-the-counter markets - Law and legislation --- Derivative securities - Japan --- Over-the-counter markets - Japan
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