Transactional Risk, Market Crashes, and the Role of Circuit Breakers (Classic Reprint)
Title | Transactional Risk, Market Crashes, and the Role of Circuit Breakers (Classic Reprint) PDF eBook |
Author | Bruce C. Greenwald |
Publisher | Forgotten Books |
Pages | 44 |
Release | 2015-08-05 |
Genre | Business & Economics |
ISBN | 9781332247448 |
Excerpt from Transactional Risk, Market Crashes, and the Role of Circuit Breakers Bell Communications Research Sloan School of Management, m.i.t. We thank Jim Gammill, Hank mcmillan Andre Perold, Robert Schwartz, Eric Sirri, Larry Summers, an anonymous referee and seminar participants at the cftc, the sec, the Federal Reserve and the Western Finance meetings for helpful comments. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Trading and Exchanges
Title | Trading and Exchanges PDF eBook |
Author | Larry Harris |
Publisher | OUP USA |
Pages | 664 |
Release | 2003 |
Genre | Business & Economics |
ISBN | 9780195144703 |
Focusing on market microstructure, Harris (chief economist, U.S. Securities and Exchange Commission) introduces the practices and regulations governing stock trading markets. Writing to be understandable to the lay reader, he examines the structure of trading, puts forward an economic theory of trading, discusses speculative trading strategies, explores liquidity and volatility, and considers the evaluation of trader performance. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Global Algorithmic Capital Markets
Title | Global Algorithmic Capital Markets PDF eBook |
Author | Walter Mattli |
Publisher | |
Pages | 385 |
Release | 2019 |
Genre | Business & Economics |
ISBN | 0198829469 |
This book illustrates the dramatic recent transformations in capital markets worldwide. Market making by humans in centralized markets has been replaced by super computers and algorithms in often highly fragmented markets. This book discusses how this impacts public policy objectives and how market governance could be strengthened.
Value Investing
Title | Value Investing PDF eBook |
Author | Bruce C. Greenwald |
Publisher | John Wiley & Sons |
Pages | 324 |
Release | 2004-01-26 |
Genre | Business & Economics |
ISBN | 9780471463399 |
From the "guru to Wall Street's gurus" comes the fundamental techniques of value investing and their applications Bruce Greenwald is one of the leading authorities on value investing. Some of the savviest people on Wall Street have taken his Columbia Business School executive education course on the subject. Now this dynamic and popular teacher, with some colleagues, reveals the fundamental principles of value investing, the one investment technique that has proven itself consistently over time. After covering general techniques of value investing, the book proceeds to illustrate their applications through profiles of Warren Buffett, Michael Price, Mario Gabellio, and other successful value investors. A number of case studies highlight the techniques in practice. Bruce C. N. Greenwald (New York, NY) is the Robert Heilbrunn Professor of Finance and Asset Management at Columbia University. Judd Kahn, PhD (New York, NY), is a member of Morningside Value Investors. Paul D. Sonkin (New York, NY) is the investment manager of the Hummingbird Value Fund. Michael van Biema (New York, NY) is an Assistant Professor at the Graduate School of Business, Columbia University.
Market Tremors
Title | Market Tremors PDF eBook |
Author | Hari P. Krishnan |
Publisher | Springer Nature |
Pages | 257 |
Release | 2021-09-14 |
Genre | Business & Economics |
ISBN | 3030792536 |
Since the Global Financial Crisis, the structure of financial markets has undergone a dramatic shift. Modern markets have been “zombified” by a combination of Central Bank policy, disintermediation of commercial banks through regulation, and the growth of passive products such as ETFs. Increasingly, risk builds up beneath the surface, through a combination of excessive leverage and crowded exposure to specific asset classes and strategies. In many cases, historical volatility understates prospective risk. This book provides a practical and wide ranging framework for dealing with the credit, positioning and liquidity risk that investors face in the modern age. The authors introduce concrete techniques for adjusting traditional risk measures such as volatility during this era of unprecedented balance sheet expansion. When certain agents in the financial network behave differently or in larger scale than they have in the past, traditional portfolio theory breaks down. It can no longer account for toxic feedback effects within the network. Our feedback-based risk adjustments allow investors to size their positions sensibly in dangerous set ups, where volatility is not providing an accurate barometer of true risk. The authors have drawn from the fields of statistical physics and game theory to simplify and quantify the impact of very large agents on the distribution of forward returns, and to offer techniques for dealing with situations where markets are structurally risky yet realized volatility is low. The concepts discussed here should be of practical interest to portfolio managers, asset allocators, and risk professionals, as well as of academic interest to scholars and theorists.
Stocks, Bonds, Bills, and Inflation
Title | Stocks, Bonds, Bills, and Inflation PDF eBook |
Author | Roger G. Ibbotson |
Publisher | |
Pages | 202 |
Release | 1989 |
Genre | Actions (Titres de société) - Prix - Prévision |
ISBN | 9781556232312 |
A Century of Innovation
Title | A Century of Innovation PDF eBook |
Author | 3M Company |
Publisher | 3m Company |
Pages | 246 |
Release | 2002 |
Genre | 3M Company |
ISBN |
A compilation of 3M voices, memories, facts and experiences from the company's first 100 years.