Market Consistency
Title | Market Consistency PDF eBook |
Author | Malcolm Kemp |
Publisher | John Wiley & Sons |
Pages | 647 |
Release | 2009-09-10 |
Genre | Business & Economics |
ISBN | 0470684895 |
Achieving market consistency can be challenging, even for the most established finance practitioners. In Market Consistency: Model Calibration in Imperfect Markets, leading expert Malcolm Kemp shows readers how they can best incorporate market consistency across all disciplines. Building on the author's experience as a practitioner, writer and speaker on the topic, the book explores how risk management and related disciplines might develop as fair valuation principles become more entrenched in finance and regulatory practice. This is the only text that clearly illustrates how to calibrate risk, pricing and portfolio construction models to a market consistent level, carefully explaining in a logical sequence when and how market consistency should be used, what it means for different financial disciplines and how it can be achieved for both liquid and illiquid positions. It explains why market consistency is intrinsically difficult to achieve with certainty in some types of activities, including computation of hedging parameters, and provides solutions to even the most complex problems. The book also shows how to best mark-to-market illiquid assets and liabilities and to incorporate these valuations into solvency and other types of financial analysis; it indicates how to define and identify risk-free interest rates, even when the creditworthiness of governments is no longer undoubted; and it explores when practitioners should focus most on market consistency and when their clients or employers might have less desire for such an emphasis. Finally, the book analyses the intrinsic role of regulation and risk management within different parts of the financial services industry, identifying how and why market consistency is key to these topics, and highlights why ideal regulatory solvency approaches for long term investors like insurers and pension funds may not be the same as for other financial market participants such as banks and asset managers.
Consistency, Choice, and Rationality
Title | Consistency, Choice, and Rationality PDF eBook |
Author | Walter Bossert |
Publisher | Harvard University Press |
Pages | 231 |
Release | 2010-10-15 |
Genre | Business & Economics |
ISBN | 0674052994 |
In Consistency, Choice, and Rationality, economic theorists Walter Bossert and Kotaro Suzumura present a thorough mathematical treatment of Suzumura consistency, an alternative to established coherence properties such as transitivity, quasi-transitivity, or acyclicity. Applications in individual and social choice theory, fields important not only to economics but also to philosophy and political science, are discussed. Specifically, the authors explore topics such as rational choice and revealed preference theory, and collective decision making in an atemporal framework as well as in an intergenerational setting.
The Consistency Gap
Title | The Consistency Gap PDF eBook |
Author | Mark Turner |
Publisher | iUniverse |
Pages | 110 |
Release | 2005 |
Genre | Business & Economics |
ISBN | 0595338070 |
Con-sis-ten-cy n 1: degree of firmness or resistance to movement 2: measure of harmony, regularity or steady continuity 3: harmony of conduct or practice with the plan Is the frustration of executing consistent business plans becoming a burden? Whether you're the manager of a small company or the CEO of a large public firm, author Mark Turner provides real techniques and solutions to help identify and eliminate what he calls The Consistency Gap. The Consistency Gap focuses on two key elements that have the power to unravel all the devotion and dedication in any enterprise: information and tolerance. Turner discusses how the gap between the planning stage and the execution of that plan has the potential to cause an entire project to fail. The Consistency Gap demonstrates how this gap can be bridged, reduced, or even removed with a structured and workable plan. Through the use of fascinating imagery including circuit breakers and fuses, Turner forces readers to look at their own personal "fuse ratings" in two critical areas. It quickly becomes obvious that there is more to success than a great plan and the means to execute it. The Consistency Gap provides a unique outline for setting goals, deciding how to achieve those goals, and how to be successful every time.
The Power of Consistency
Title | The Power of Consistency PDF eBook |
Author | Weldon Long |
Publisher | John Wiley & Sons |
Pages | 215 |
Release | 2013-03-25 |
Genre | Business & Economics |
ISBN | 1118486803 |
How to achieve wealth, happiness, and peace of mind through personal responsibility The Power of Consistency is based on the fundamental premise that private declarations dictate future actions. In other words, we tend to take actions with the thoughts and beliefs we consistently have, and the cumulative results of those actions eventually create the quality and circumstances of our lives and businesses. Therefore, transformative change in life and business is possible when we reconstruct our minds and take responsibility for its content. Lays out a simple process—the Personal Prosperity Plan—to create powerful results in your life and business Explains the power of focus and your subconscious mind Outlines a four step process: focus, emotional connection, action, responsibility The Power of Consistency teaches you how to create a Personal Prosperity Plan, get deeply emotionally committed to the plan, and take consistent action toward implementing the plan for improved sales and business performance.
Consistency and Viability of Capitalist Economic Systems
Title | Consistency and Viability of Capitalist Economic Systems PDF eBook |
Author | J. Marangos |
Publisher | Springer |
Pages | 272 |
Release | 2013-05-08 |
Genre | Political Science |
ISBN | 1137080876 |
Consistency and Viability of Capitalist Economic Systems develops an original analytical framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that give rise to certain economic systems by establishing consistency.
Consistency and Viability of Islamic Economic Systems and the Transition Process
Title | Consistency and Viability of Islamic Economic Systems and the Transition Process PDF eBook |
Author | J. Marangos |
Publisher | Springer |
Pages | 253 |
Release | 2013-08-27 |
Genre | Business & Economics |
ISBN | 113732726X |
Consistency and Viability of Islamic Economics Systems and the Transition Process outlines the transition problem for non-market economies and creates an analytic framework for understanding the cause and effect of these economies.
Consistency and Viability of Socialist Economic Systems
Title | Consistency and Viability of Socialist Economic Systems PDF eBook |
Author | J. Marangos |
Publisher | Springer |
Pages | 306 |
Release | 2013-07-03 |
Genre | Business & Economics |
ISBN | 1137327251 |
Economic systems and the reforms processes examined in Consistency and Viability of Socialist Economics Systems are the centrally administered socialist economics system of the Soviet Union, the Liberman-Kosygin reforms, the Gorbachev reforms and market socialism of Yugoslavia.