Financial Claustrophobia

Financial Claustrophobia
Author: Francis A. Longstaff
Publisher:
Total Pages: 14
Release: 2004
Genre: Assets (Accounting)
ISBN:

There are many examples of markets where an agent who wants to get out of an investment position quickly may find himself trapped and forced to remain in that position because of a lack of liquidity. What are the asset-pricing implications when agents cannot always buy and sell assets immediately? We study this issue in a multi-asset exchange economy with heterogeneous agents. In this model, agents can trade initially, but then cannot trade again until after a trading blackout' period. The more liquid the market, the sooner agents can trade again. Faced with illiquidity, agents abandon diversification and choose highly polarized portfolios. Risky assets are held primarily by the less-patient short-horizon agents in the economy. Polarization causes the usual risk-return tradeo. to break down and an asset's price may have more to do with the demographics of who owns it than with the riskiness of its cash flows. Risky assets are generally more valuable in an illiquid market than in a liquid market. Market illiquidity can also have large effects on the equity premium.

The Shrewd Christian

The Shrewd Christian
Author: Neil Atkinson
Publisher: WaterBrook
Total Pages: 256
Release: 2010-04-21
Genre: Business & Economics
ISBN: 0307552381

If financial freedom seems like an unattainable dream–wake up! Let Neil Atkinson open your eyes to the truth about wealth in this biblically based, practical, readable, funny, and encouraging guide. If you want to get a grip on your finances, you’ ve got to let go of your misconceptions about what it means to be shrewd. The Shrewd Christian will enable you to conquer money, not merely solve money problems. When you change your thinking, you’ll see your lifestyle change. And when your lifestyle changes, you’ll experience true wealth. Neil Atkinson started out where you are. And now he’s ready to show you how to achieve authentic, biblical financial freedom for the rest of your life.

Investment Decisions on Illiquid Assets

Investment Decisions on Illiquid Assets
Author: Jaroslaw Morawski
Publisher: Springer Science & Business Media
Total Pages: 467
Release: 2009-02-14
Genre: Business & Economics
ISBN: 3834999555

Jaroslaw Morawski offers a practicable and theoretically well-founded solution to the problems encountered when investing in illiquid assets and develops a model of the liquidation process for this category of investments. The result is a coherent investment decision framework designed specifically for private real estate but applicable also to other illiquid assets.

Long/Short Market Dynamics

Long/Short Market Dynamics
Author: Clive M. Corcoran
Publisher: John Wiley & Sons
Total Pages: 358
Release: 2007-02-06
Genre: Business & Economics
ISBN: 0470065311

Hedge funds are now the largest volume players in the capital markets. They follow a wide assortment of strategies but their activities have replaced and overshadowed the traditional model of the long only portfolio manager. Many of the traditional technical indicators and commonly accepted trading strategies have become obsolete or ineffective. The focus throughout the book is to describe the principal innovations that have been made within the equity markets over the last several years and that have changed the ground rules for trading activities. By understanding these changes the active trader is far better equipped to profit in today’s more complex and risky markets. Long/Short Market Dynamics includes: A completely new technique, Comparative Quantiles Analysis, for identifying market turning points is introduced. It is based on statistical techniques that can be used to recognize money flow and price/momentum divergences that can provide substantial profit opportunities. Power laws, regime shifts, self-organized criticality, phase transitions, network dynamics, econophysics, algorithmic trading and other ideas from the science of complexity are examined. All are described as concretely as possible and avoiding unnecessary mathematics and formalism. Alpha generation, portfolio construction, hedge ratios, and beta neutral portfolios are illustrated with case studies and worked examples. Episodes of financial contagion are illustrated with a proposed explanation of their origins within underlying market dynamics

Annuities For Dummies

Annuities For Dummies
Author: Kerry Pechter
Publisher: John Wiley & Sons
Total Pages: 375
Release: 2023-07-20
Genre: Business & Economics
ISBN: 1394168586

Looking for steady retirement income? Read this book! Turning retirement savings into a steady income is a big step toward a worry-free retirement. This book introduces you to how to add annuities to your investment mix. It helps you evaluate how to select the best annuities for your needs and steer clear of the worst. You’ll learn how different types of annuities can help you turn your retirement savings into a monthly paycheck, protect your investments from market ups and downs, postpone taxes, stay in your home for the rest of your life, and even buy long-term care insurance for less.. Written by an annuity thought leader who is a frequent guest-expert on webcasts, podcasts and radio broadcasts as well as editor and publisher of Retirement Income Journal, the book offers the knowledge earned from interviews with hundreds of annuity industry insiders on their own turf. Get insight into which annuities do (or don’t) provide near-retirees and retirees with solid value. Stretch your savings into lifelong income Ask smarter questions when talking to an agent, broker or adviser Retire with less anxiety about the market Feel more in control of your financial life Annuities For Dummies is the must-have guide for anyone making retirement plans or managing their retirement savings.

The End of Growth

The End of Growth
Author: Richard Heinberg
Publisher: New Society Publishers
Total Pages: 359
Release: 2011-09-01
Genre: Business & Economics
ISBN: 1550924834

Economics has failed us ... but there is life after growth! Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, and governments stagger under record deficits. The End of Growth proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable natural limits. Richard Heinberg’s latest landmark work goes to the heart of the ongoing financial crisis, explaining how and why it occurred, and what we must do to avert the worst potential outcomes. Written in an engaging, highly readable style, it shows why growth is being blocked by three factors: Resource depletion Environmental impacts Crushing levels of debt These converging limits will force us to re-evaluate cherished economic theories and to reinvent money and commerce. The End of Growth describes what policy makers, communities, and families can do to build a new economy that operates within Earth’s budget of energy and resources. We can thrive during the transition if we set goals that promote human and environmental well-being, rather than continuing to pursue the now-unattainable prize of ever-expanding GDP. Richard Heinberg is the author of nine previous books, including The Party's Over , Peak Everything , and Blackout . A senior fellow of the Post Carbon Institute, Heinberg is one of the world's foremost peak oil educators and an effective communicator of the urgent need to transition away from fossil fuels.

Emerging Technologies in Healthcare

Emerging Technologies in Healthcare
Author: Christopher M. Hayre
Publisher: CRC Press
Total Pages: 186
Release: 2024-03-29
Genre: Medical
ISBN: 1003860834

This edited book focuses on the role and use of emerging technologies within the healthcare sector. This text draws on expertise from leading practitioners and researchers who either utilize and/or are at the forefront of researching with emerging technology in anticipation of enhancing patient outcomes. Emerging Technologies in Healthcare: Interpersonal and Client-Based Perspectives focuses on the role of emerging technologies in society and how it may enhance medical treatment, management, and rehabilitation of service users. It offers expert perspectives on topics covering emerging technological advances and how they are being incorporated into healthcare, but also critically appraises forthcoming implementation. The editors draw from recent publications and the growing narrative surrounding technological advances, notably telerehabilitation, virtual reality, augmentation, and mHealth. Subsequent chapters focus on these, coupled with other emerging technologies, providing detailed insight into how these can either enhance and/or hinder patient/service user outcomes. Each chapter explores the multifaceted use and application of each emerging technology, that impacts on diagnosis, treatment, and (self-) management of individuals. For example, can emerging technology really facilitate patient diagnosis, improve, or remove practitioner–patient interactions, provide sound rehabilitation, and treat/monitor mental health conditions? This edited volume encompasses an array of emerging technologies that will remain pertinent to caregivers, families, practitioners, service users and policymakers. This is not a text on emerging technology alone but on its societal implications, accompanied by ethical, altruistic, and moral examples for such advances within the healthcare field. It is targeted that this text will enhance and offer original discussions surrounding the interconnectivity of technology and medicine, rehabilitation, and patient care.

Financial Markets Theory

Financial Markets Theory
Author: Emilio Barucci
Publisher: Springer
Total Pages: 843
Release: 2017-06-08
Genre: Mathematics
ISBN: 1447173228

This work, now in a thoroughly revised second edition, presents the economic foundations of financial markets theory from a mathematically rigorous standpoint and offers a self-contained critical discussion based on empirical results. It is the only textbook on the subject to include more than two hundred exercises, with detailed solutions to selected exercises. Financial Markets Theory covers classical asset pricing theory in great detail, including utility theory, equilibrium theory, portfolio selection, mean-variance portfolio theory, CAPM, CCAPM, APT, and the Modigliani-Miller theorem. Starting from an analysis of the empirical evidence on the theory, the authors provide a discussion of the relevant literature, pointing out the main advances in classical asset pricing theory and the new approaches designed to address asset pricing puzzles and open problems (e.g., behavioral finance). Later chapters in the book contain more advanced material, including on the role of information in financial markets, non-classical preferences, noise traders and market microstructure. This textbook is aimed at graduate students in mathematical finance and financial economics, but also serves as a useful reference for practitioners working in insurance, banking, investment funds and financial consultancy. Introducing necessary tools from microeconomic theory, this book is highly accessible and completely self-contained. Advance praise for the second edition: "Financial Markets Theory is comprehensive, rigorous, and yet highly accessible. With their second edition, Barucci and Fontana have set an even higher standard!"Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University "This comprehensive book is a great self-contained source for studying most major theoretical aspects of financial economics. What makes the book particularly useful is that it provides a lot of intuition, detailed discussions of empirical implications, a very thorough survey of the related literature, and many completely solved exercises. The second edition covers more ground and provides many more proofs, and it will be a handy addition to the library of every student or researcher in the field."Jaksa Cvitanic, Richard N. Merkin Professor of Mathematical Finance, Caltech "The second edition of Financial Markets Theory by Barucci and Fontana is a superb achievement that knits together all aspects of modern finance theory, including financial markets microstructure, in a consistent and self-contained framework. Many exercises, together with their detailed solutions, make this book indispensable for serious students in finance."Michel Crouhy, Head of Research and Development, NATIXIS

Gabbard's Treatments of Psychiatric Disorders

Gabbard's Treatments of Psychiatric Disorders
Author: Glen O. Gabbard
Publisher: American Psychiatric Pub
Total Pages: 1250
Release: 2014-05-05
Genre: Medical
ISBN: 158562540X

The definitive treatment textbook in psychiatry, this fifth edition of Gabbard's Treatments of Psychiatric Disorders has been thoroughly restructured to reflect the new DSM-5® categories, preserving its value as a state-of-the-art resource and increasing its utility in the field. The editors have produced a volume that is both comprehensive and concise, meeting the needs of clinicians who prefer a single, user-friendly volume. In the service of brevity, the book focuses on treatment over diagnostic considerations, and addresses both empirically-validated treatments and accumulated clinical wisdom where research is lacking. Noteworthy features include the following: Content is organized according to DSM-5® categories to make for rapid retrieval of relevant treatment information for the busy clinician. Outcome studies and expert opinion are presented in an accessible way to help the clinician know what treatment to use for which disorder, and how to tailor the treatment to the patient. Content is restricted to the major psychiatric conditions seen in clinical practice while leaving out less common conditions and those that have limited outcome research related to the disorder, resulting in a more streamlined and affordable text. Chapters are meticulously referenced and include dozens of tables, figures, and other illustrative features that enhance comprehension and recall. An authoritative resource for psychiatrists, psychologists, and psychiatric nurses, and an outstanding reference for students in the mental health professions, Gabbard's Treatments of Psychiatric Disorders, Fifth Edition, will prove indispensable to clinicians seeking to provide excellent care while transitioning to a DSM-5® world.

Handbook of the Economics of Finance

Handbook of the Economics of Finance
Author: George M. Constantinides
Publisher: Newnes
Total Pages: 873
Release: 2013-02-08
Genre: Business & Economics
ISBN: 0444594736

The 12 articles in this second of two parts condense recent advances on investment vehicles, performance measurement and evaluation, and risk management into a coherent springboard for future research. Written by world leaders in asset pricing research, they present scholarship about the 2008 financial crisis in contexts that highlight both continuity and divergence in research. For those who seek authoritative perspectives and important details, this volume shows how the boundaries of asset pricing have expanded and at the same time have grown sharper and more inclusive. - Offers analyses by top scholars of recent asset pricing scholarship - Explains how the 2008 financial crises affected theoretical and empirical research - Covers core and newly developing fields