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Record Nr. |
UNINA9910964619803321 |
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Autore |
Jones Bradley |
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Titolo |
Asset Bubbles : : Re-thinking Policy for the Age of Asset Management / / Bradley Jones |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2015 |
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ISBN |
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9781498397629 |
149839762X |
9781498304153 |
149830415X |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (60 pages) |
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Collana |
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Disciplina |
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Soggetti |
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Asset-liability management |
Financial risk management |
Monetary policy |
Economic policy |
Finance: General |
Financial Risk Management |
Macroeconomics |
Financial Markets and the Macroeconomy |
Central Banks and Their Policies |
Financial Crises |
Information and Market Efficiency |
Event Studies |
International Financial Markets |
General Financial Markets: Government Policy and Regulation |
Price Level |
Inflation |
Deflation |
General Financial Markets: General (includes Measurement and Data) |
Economic & financial crises & disasters |
Finance |
Asset prices |
Asset bubbles |
Asset management |
Financial sector stability |
Stock markets |
Prices |
Financial crises |
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Asset and liability management |
Financial sector policy and analysis |
Financial markets |
Financial services industry |
Stock exchanges |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Abstract; Contents; I. Introduction; Figures; Figure 1. Worldwide Financial Assets and Institutional Assets; Figure 2. Bank Assets vs. Investment Firm Assets under Management; II. The 'Clean vs. Lean' Debate: A Survey; Tables; Table 1. Dimensions of the Traditional 'Clean vs. Lean' Debate; III. Theories of (In)Efficient Markets and Speculative Bubbles; A. Bubbles and the (In)Efficiency of Markets - A Review; B. Competing Models of Bubble Formation and Persistence; Table 2. Stylized Summary of Asset Pricing/Bubble Models; Figure 3. Benchmark Decomposition of Hedge Fund Returns |
Figure 4. Subjective vs. Objective Expected Returns IV. Policy Implications; Table 3. Mapping Policy Responses to Bubble Models; Figure 5. Relative 10-year Annualized Out performance of Fundamental-based Indices; V. Concluding Remarks and Future Research |
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Sommario/riassunto |
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In distilling a vast literature spanning the rational— irrational divide, this paper offers reflections on why asset bubbles continue to threaten economic stability despite financial markets becoming more informationally-efficient, more complete, and more heavily influenced by sophisticated (i.e. presumably rational) institutional investors. Candidate explanations for bubble persistence—such as limits to learning, frictional limits to arbitrage, and behavioral errors—seem unsatisfactory as they are inconsistent with the aforementioned trends impacting global capital markets. In lieu of the short-term nature of the asset owner—manager relationship, and the momentum bias inherent in financial benchmarks, I argue that the business risk of asset managers acts as strong motivation for institutional herding and ‘rational bubble-riding.’ Two key policy implications follow. First, procyclicality could intensify as institutional assets under management continue to grow. Second, remedial policies should extend beyond the standard suite of macroprudential and monetary measures to include time-invariant policies targeted at the cause (not just symptom) of the problem. Prominent among these should be reforms addressing principal-agent contract design and the implementation of financial benchmarks. |
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2. |
Record Nr. |
UNINA9910300358403321 |
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Titolo |
Cardio-Thoracic, Vascular, Renal and Transplant Surgery / / edited by Brendon J. Coventry |
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Pubbl/distr/stampa |
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London : , : Springer London : , : Imprint : Springer, , 2014 |
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ISBN |
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Edizione |
[1st ed. 2014.] |
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Descrizione fisica |
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1 online resource (198 p.) |
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Collana |
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Surgery: Complications, Risks and Consequences |
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Disciplina |
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Soggetti |
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Surgery |
Transplantation of organs, tissues, etc |
Heart - Surgery |
Chest - Surgery |
Blood-vessels - Surgery |
Transplant Surgery |
Cardiac Surgery |
Thoracic Surgery |
Vascular Surgery |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references at the end of each chapters and index. |
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Nota di contenuto |
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Introduction -- Blood Transfusion -- Arterial Surgery -- Venous Surgery -- Amputation -- Vascular Access Surgery -- Lung Surgery -- Cardiac Surgery -- Renal Surgery -- Renal Transplant Surgery -- Liver Transplant Surgery. |
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Sommario/riassunto |
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Written by internationally acclaimed specialists, Cardio-Thoracic, Vascular, Renal and Transplant Surgery provides pertinent and concise procedure descriptions spanning benign and malignant problems and minimally invasive procedures. Complications are reviewed when appropriate for the organ system and problem, creating a book that is both comprehensive and accessible. Stages of operative approaches with relevant technical considerations are outlined in an easily understandable manner. Forming part of the series, Surgery: Complications, Risks and Consequences, this volume Cardio-Thoracic, Vascular, Renal and Transplant Surgery provides a valuable resource for |
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all general surgeons and residents in training. Other healthcare providers will also find this a useful resource. |
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