This book examines the dynamic world of debt markets, products, valuation, and analysis. It also provides an in-depth understanding about this subject from experts in the field, both practitioners and academics. This volume spans the gamut from theoretical to practical and offers a useful balance of detailed and user-friendly coverage.

Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macroeconomic role and risks of insurance markets are surprisingly limited. This book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macroeconomic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.

One of the most admired religious thinkers of our time issues a call for world Jewry to reject the self-fulfilling image of “a people alone in the world, surrounded by enemies” and to reclaim Judaism’s original sense of purpose: as a partner with God and with those of other faiths in the never-ending struggle for freedom and social justice for all. We are in danger, says Rabbi Jonathan Sacks, of forgetting what Judaism’s place is within the global project of humankind. During the last two thousand years, Jews have lived through persecutions that would have spelled the end of most nations, but they did not see anti-Semitism written into the fabric of the universe. They knew they existed for a purpose, and it was not for themselves alone. Rabbi Sacks believes that the Jewish people have lost their way, that they need to recommit themselves to the task of creating a just world in which the divine presence can dwell among us. Without compromising one iota of Jewish faith, Rabbi Sacks declares, Jews must stand alongside their friends—Christian, Muslim, Hindu, Sikh, Buddhist, and secular humanist—in defense of freedom against the enemies of freedom, in affirmation of life against those who desecrate life. And they should do this not to win friends or the admiration of others but because it is what a people of God is supposed to do. Rabbi Sacks’s powerful message of tikkun olam—using Judaism as a blueprint for repairing an imperfect world—will resonate with people of all faiths.

Translations of scientific and technical monographs and articles.

This first volume guides the student in a step-wise progression to learn the fundamentals of Quranic grammar. The methodology of this book is different from others in that conversational Arabic and non-Quranic vocabulary are not emphasized. Instead, there is a keen focus on mastering key grammar principles alongside "high-yield" Quranic vocabulary.