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Measure, Probability, And Mathematical Finance

RRP $317.99

An introduction to the mathematical theory and financial models developed and used on Wall Street

Providing both a theoretical and practical approach to the underlying mathematical theory behind financial models, Measure, Probability, and Mathematical Finance: A Problem-Oriented Approach presents important concepts and results in measure theory, probability theory, stochastic processes, and stochastic calculus. Measure theory is indispensable to the rigorous development of probability theory and is also necessary to properly address martingale measures, the change of numeraire theory, and LIBOR market models. In addition, probability theory is presented to facilitate the development of stochastic processes, including martingales and Brownian motions, while stochastic processes and stochastic calculus are discussed to model asset prices and develop derivative pricing models.

The authors promote a problem-solving approach when applying mathematics in real-world situations, and readers are encouraged to address theorems and problems with mathematical rigor. In addition, Measure, Probability, and Mathematical Finance features:

  • A comprehensive list of concepts and theorems from measure theory, probability theory, stochastic processes, and stochastic calculus
  • Over 500 problems with hints and select solutions to reinforce basic concepts and important theorems
  • Classic derivative pricing models in mathematical finance that have been developed and published since the seminal work of Black and Scholes 
Measure, Probability, and Mathematical Finance: A Problem-Oriented Approach is an ideal textbook for introductory quantitative courses in business, economics, and mathematical finance at the upper-undergraduate and graduate levels. The book is also a useful reference for readers who need to build their mathematical skills in order to better understand the mathematical theory of derivative pricing models.


Microfinance

RRP $518.99

Microfinance has become an important component of development, poverty reduction and economic regeneration strategy around the world. By the early twenty first century tens of millions of people in more than 100 countries were accessing services from formal and semi-formal microfinance institutions (MFIs). Much of the initial attention on microcredit came through work on Bangladesh's much-lauded Grameen Bank but, there are now many different 'models' for microfinance and many countries have substantial microfinance sectors.

This timely book, written by one of the major players in the UK in development economics explores, amongst others, topics such as:


  • microfinance and poverty reduction

  • microfinance, gender and social development

  • microinsurance

  • regulating and supervising microfinance institutions.

Topical and insightful, this important text examines what has become a vast global industry employing hundreds of thousands of people and attracting the attention of large numbers of governments, banks, aid agencies, non-governmental organizations and consultancy firms.


American Commercial Banks In Corporate Finance

RRP $363.99

This book argues with facts and figures that a small group of New York banks, by means of term loans and working in close collaboration with their affiliated life insurance companies, exerted a strong influence over the supply of money and credit, and thus over the economy, throughout the years of the Depression. This study analyzes the growth of term loan under the depression, the concentration of the loans in a handful of powerful New York banks, the interplay between these banks and large life insurance companies in the capital market, and the resulting economic consequences. It also details the changes that took place in the leadership within the financial hierarchy during the depression: the J.D. Rockefeller interests replaced the Morgan-First National interests as the country's dominant financial power- a change that has escaped previous scholarly notice.
Originally used as a credit instrument to finance distressed corporations during the prolonged depression, term lending by commercial banks gained momentum in the mid-1930s and had, by 1940, accounted for 30-50% of the outstanding loans held by New York, and Chicago banks. Although a number of studies have attempted to explain the significance of term loans in corporate finance during this period, their treatment of the subject was relatively limited in scope due to absence of systematic data on loans provided by individual banks to their corporate borrowers. This study is the first to investigate all the loans reported by the borrowing corporations to the Securities Exchange Commission between 1935 and 1941 and also to make use of the abundant related materials that appear in a wide range of journals and public documents. Contrary to widely held belief, the banking reforms of the New Deal era failed to reduce Wall Street's influence over finance and industry.



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Corporate Super Funds Books

Superannuation Pension Retirement SMSF
Financial Planning Self Managed Superannuation Retirement Income
Planning Taxation Finance Financial

Corporate Super Funds