Tag: Financial

Financial Mathematics For Actuaries (3rd Edition)


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English | 2022 | ISBN: 9811243271 | 366 Pages | PDF (True) | 11 MB
This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an ‘R Laboratory’ section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.

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Financial Markets and Corporate Reporting under Geopolitical Risks


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English | 2024 | ISBN: 3031629973 | 403 Pages | PDF EPUB (True) | 21 MB
This proceedings volume offers a diverse compilation of scholarly papers that explores financial markets and corporate reporting in times of geopolitical crises. Featuring a selection of papers presented at the 2022 and 2023 Annual Conference on Finance and Accounting (ACFA) held in Prague, Czech Republic, this book provides empirical research, insightful analyses and practical implications on the challenges and opportunities in today’s global financial landscape. It covers a wide spectrum of research methodologies including modeling, empirical testing, cases studies, and qualitative analysis. From investigating the economics of crypoassets to examining sustainable finance development issues, this book is valuable to academics, scholars, researchers, and policymakers in finance and accounting, including auditing and tax theory.

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Financial Fitness How to Understand the Psychology of Money


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English | 2024 | ASIN : B0D12JBXZB | 81 Pages | True EPUB | 2.5 MB
Unlock the secrets to financial success with ‘Financial Fitness: How to Understand the Psychology of Money.’ In this insightful guide, you’ll embark on a journey to master the mindset behind wealth accumulation and sound financial decision-making. Delving into the intricate relationship between psychology and money, this book offers practical strategies to navigate emotional triggers, overcome cognitive biases, and cultivate a healthy approach to finances. From unraveling the impact of childhood experiences to exploring the dynamics of money in relationships, each chapter provides invaluable insights and actionable steps to enhance your financial well-being. Whether you’re striving for financial independence or seeking to optimize your wealth management skills, ‘Financial Fitness’ is your essential companion to unlocking the keys to lasting financial success. Prepare to transform your relationship with money and embark on a path towards prosperity today.

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An Introduction to Derivative Securities, Financial Markets, and Risk Management (3rd Edition)


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English | 2024 | ISBN: 9811291640 | 763 Pages | PDF (True) | 9 MB
The third edition updates the text in two significant ways. First, it updates the presentation to reflect changes that have occurred in financial markets since the publication of the 2nd edition. One such change is with respect to the over-the-counter interest rate derivatives markets and the abolishment of LIBOR as a reference rate. Second, it updates the theory to reflect new research related to asset price bubbles and the valuation of options. Asset price bubbles are a reality in financial markets and their impact on derivative pricing is essential to understand. This is the only introductory textbook that contains these insights on asset price bubbles and options.

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Post-Asian Financial Crisis Reforms in Thailand A 20 Year Retrospective on the Banking Industry


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English | PDF EPUB (True) | 2024 | 188 Pages | ISBN : 9819737702 | 9.4 MB
This book is distinguished for its longitudinal, evidence-based policy analysis concerning the impacts of financial regulatory reforms post-crisis, thereby enriching the comprehension of policy impact mechanisms at a micro-level. Distinguished from collections of past events; this monograph is a lens through which the intricate relationships between regulatory changes, market dynamics, and organizational behavior are explored and understood. The study is devoted to a thorough 20-year retrospective analysis of Thailand’s financial regulatory reforms and their complex effects on the commercial banking sector. It uncovers how these reforms, particularly the increase in foreign participation, have paradoxically degraded market competition while also not fully achieving their intended goals in financial technology advancement. This nuanced understanding underscores the book’s impact in rethinking policy effectiveness and market dynamics in a global context. Moreover, by offering a unique blend of macro- and micro-perspectives, the book delves into how these regulatory impacts materialize at the organizational level. Through an in-depth examination of business practices and governance in banking, it provides vital insights into how family-owned banks in Thailand have navigated economic crises, transitioning from ownership control to management control models.

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Mathematics of Financial Markets


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English | PDF | 2005 | 355 Pages | ISBN : 0387212922 | 2 MB
This work is aimed at an audience with a sound mathematical background wishing to learn about the rapidly expanding ?eld of mathematical ?nance. Its content is suitable particularly for graduate students in mathematics who have a background in measure theory and probability. The emphasis throughout is on developing the mathematical concepts required for the theory within the context of their application. No attempt is made to cover the bewildering variety of novel (or ‘exotic’) ?nancial – struments that now appear on the derivatives markets; the focus throu- out remains on a rigorous development of the more basic options that lie at the heart of the remarkable range of current applications of martingale theory to ?nancial markets. The ?rst ?ve chapters present the theory in a discrete-time framework. Stochastic calculus is not required, and this material should be accessible to anyone familiar with elementary probability theory and linear algebra. The basic idea of pricing by arbitrage (or, rather, by non-arbitrage) is presented in Chapter 1. The unique price for a European option in a single-period binomial model is given and then extended to multi-period binomial models. Chapter 2 introduces the idea of a martingale measure for price processes. Following a discussion of the use of self-?nancing tr- ing strategies to hedge against trading risk, it is shown how options can be priced using an equivalent measure for which the discounted price p- cess is a martingale.

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Financial, Staffing and Societal Sustainability of Dutch Health Care


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English | PDF EPUB (True) | 2024 | 301 Pages | ISBN : 3031585631 | 18 MB
This book analyzes how sound choices can be made in Dutch health care policies, and shows why they are necessary, urgent, and even inevitable. Analyzing the current functioning and funding of the Dutch health care system, this book shows how three dimensions of sustainability – financial, staffing and societal – are under increasing pressure. This study explores priority setting in health care and calls for well-informed, clear and sometimes uncompromising choices in the allocation of means and personnel. This is necessary in order to maintain accessible and high-quality care for all, and to improve public health. Making balanced choices in health care is of particular importance to vulnerable groups whose voices may not be heard as readily or effectively in the public debate, and whose interests are more easily crowded out. Prioritizing in the domain of public health care is first and foremost a political responsibility, but also one for health care providers across the system and ultimately also for citizens. While this work focuses on the Netherlands, similar processes are at play across the developed economies, making it broadly relevant to policy makers, health care professionals and health care (policy) researchers grappling with the questions surrounding the sustainability of public health care.

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