Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This book combines the human development approach and innovation economics in order to explore the effects that structural economic change has on human development. While economic diversification can provide valuable new social choices and capabilities, it also tends to lead to more complex decision processes and changes to the set of capabilities required by people to self-determine their future. Within this process of structural transformation, social networks are crucial for accessing information and social support, but networks can also be a root cause of exclusion and inequality

Development economics --- Economic development --- Economics --- Social aspects. --- Sociological aspects. --- Economic sociology --- Socio-economics --- Socioeconomics --- Sociology of economics --- Sociology --- Social aspects --- Capability approach --- Diversification (finance) --- Entrepreneurship --- Human development (economics)

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

"In this book, two of America's leading economists provide the first integrated treatment of the conceptual, practical, and empirical foundations for credit risk pricing and risk measurement. Masterfully applying theory to practice, Darrel Duffie and Kenneth Singleton model credit risk for the purpose of measuring portfolio risk and pricing defaultable bonds, credit derivatives, and other securities exposed to credit risk. The methodological rigor, scope, and sophistication of their state-of-the-art account is unparalleled, and its singularly in-depth treatment of pricing and credit derivatives further illuminates a problem that has drawn much attention in an era when financial institutions the world over are revising their credit management strategies."--Jacket.

Credit --- Risk management. --- Management. --- Approximation. --- Asset. --- Balance sheet. --- Bankruptcy. --- Basis Point. --- Bond (finance). --- Bond Yield. --- Bond market. --- Bond valuation. --- Broker-dealer. --- Business cycle. --- Calculation. --- Call option. --- Capital market. --- Capital requirement. --- Cash flow. --- Characteristic function (probability theory). --- Coefficient. --- Collateralized debt obligation. --- Conditional probability distribution. --- Counterparty. --- Coupon (bond). --- Coupon. --- Covariance matrix. --- Credit (finance). --- Credit derivative. --- Credit event. --- Credit rating. --- Credit risk. --- Credit spread (options). --- Currency. --- Debt. --- Default Rate. --- Discounts and allowances. --- Diversification (finance). --- Economics. --- Estimation. --- Event of default. --- Face value. --- Financial institution. --- Forward rate. --- Government bond. --- Government debt. --- Hedge (finance). --- High-yield debt. --- Interest rate swap. --- Interest rate. --- Interest-Rate Derivative. --- Investment. --- Investor. --- Issuer. --- Lehman Brothers. --- Leverage (finance). --- Liability (financial accounting). --- Libor. --- Likelihood function. --- Long run and short run. --- Market Value Of Equity. --- Market liquidity. --- Market price. --- Market value. --- Markov chain. --- Markov process. --- Moneyness. --- Parameter. --- Payment. --- Payout. --- Present value. --- Price Change. --- Pricing. --- Probability distribution. --- Probability of default. --- Probability. --- Random variable. --- Rate of return. --- Repurchase agreement. --- Risk management. --- Risk premium. --- Risk-neutral measure. --- Securitization. --- Short rate. --- Short-rate model. --- Skewness. --- Special case. --- Spread option. --- Standard deviation. --- Stochastic volatility. --- Swap (finance). --- Swap rate. --- Tax. --- Time horizon. --- Time series. --- Trader (finance). --- Tranche. --- Valuation (finance). --- Value (economics). --- Variance. --- Yield curve. --- Yield spread. --- Zero-coupon bond.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

"Inflation, in which all prices and wages in an economy rise, is mysterious. If a war breaks out in the Middle East, and the price of oil goes up, the mechanism is no great mystery-supply and demand often work pretty visibly. But if you ask the grocer why the price of bread is higher, he or she will blame the wholesaler, who will blame the baker, who will blame the wheat supplier, and so on. Perhaps the ultimate cause is a government printing more money, but there is really no way to know this for certain but to sit down in an office with statistics, armed with some decent economic theory. But current economic theory doesn't really explain why we haven't seen inflation for so long, and more and more economists think that current theory doesn't hold together, or provide much guidance for how central banks should behave if inflation does break out. Many also worry that central banks have much less power over the economy than they think they do, and much less understanding of the mechanism behind what power they do have. The Fiscal Theory of the Price Level is a comprehensive new approach to monetary policy. Economist John Cochrane argues that money has value because the government accepts it for tax payments. This insight, he argues, leads to a deep re-reading of monetary policy and institutions. Inflation comes when a government is unable to repay its debts, rather than from mismanagement of the split of debt between money and bonds. In the book, he will analyze institutional design, historical episodes, and compare fiscal theory to the Keynesian and new-Keynesian theory based on interest rate targets, and to monetarism. The book offers an overview and introduction to the range of contemporary monetary economics and history of thought as well as the fiscal theory"--

Inflation (Finance) --- Monetary policy. --- Prices. --- BUSINESS & ECONOMICS / Economics / Macroeconomics. --- Accounting rate of return. --- Asset price inflation. --- Bond Yield. --- Central bank. --- Consumer debt. --- Consumer economy. --- Consumption (economics). --- Credit (finance). --- Credit risk. --- Credit spread (options). --- Currency crisis. --- Currency swap. --- Currency union. --- Currency. --- Debt limit. --- Debt-to-GDP ratio. --- Debt. --- Default (finance). --- Diversification (finance). --- Econometrics. --- Economic equilibrium. --- Economic planning. --- Economics. --- Exchange rate. --- Finance. --- Financial correlation. --- Financial economics. --- Fiscal adjustment. --- Fiscal gap. --- Fiscal multiplier. --- Fiscal policy. --- Fiscal space. --- Fiscal theory of the price level. --- Fixed exchange-rate system. --- Functional finance. --- GDP deflator. --- GDP-linked bond. --- Government budget balance. --- Government debt. --- Inflation swap. --- Inflation targeting. --- Inflation tax. --- Inflation. --- Interest Cost. --- Interest rate risk. --- Interest rate. --- Keynesian economics. --- Liability (financial accounting). --- Liquidity premium. --- Macroeconomic model. --- Macroeconomics. --- Marginal rate of substitution. --- Mark-to-market accounting. --- Market Risk Premium. --- Market clearing. --- Market liquidity. --- Market price. --- Microeconomic reform. --- Modern Monetary Theory. --- Monetarism. --- Monetary Theory. --- Monetary authority. --- Monetary reform. --- Monetary system. --- Money market. --- Money multiplier. --- Nominal interest rate. --- Price Change. --- Price controls. --- Price elasticity of demand. --- Price fixing. --- Price index. --- Price level. --- Public finance. --- Quantity theory of money. --- Real business-cycle theory. --- Real interest rate. --- Real versus nominal value (economics). --- Relative value (economics). --- Risk premium. --- Share price. --- Stochastic discount factor. --- Stock valuation. --- Supply (economics). --- Supply-side economics. --- Swap (finance). --- Tax and spend. --- Tax avoidance. --- Tax policy. --- Tax reform. --- Tax. --- Terminal value (finance). --- The General Theory of Employment, Interest and Money. --- The Wealth Effect. --- Tight Monetary Policy. --- Trade credit. --- Treasury Bill. --- Valuation (finance). --- Value (economics). --- Commercial products --- Commodity prices --- Justum pretium --- Price theory --- Consumption (Economics) --- Cost --- Costs, Industrial --- Money --- Cost and standard of living --- Supply and demand --- Value --- Wages --- Willingness to pay --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Finance --- Natural rate of unemployment --- Prices --- Monetary policy