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1. |
Record Nr. |
UNINA990008552510403321 |
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Autore |
Garland, David |
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Titolo |
Punishment and welfare : a history of penal strategies / David Garland |
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Pubbl/distr/stampa |
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Descrizione fisica |
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Disciplina |
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Locazione |
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Collocazione |
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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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2. |
Record Nr. |
UNINA9910961917203321 |
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Autore |
Ruiz-Arranz Marta |
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Titolo |
Are Emerging Asia’s Reserves Really Too High? / / Marta Ruiz-Arranz, Milan Zavadjil |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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9786612841439 |
9781462336623 |
1462336620 |
9781452776323 |
1452776326 |
9781451870503 |
1451870507 |
9781282841437 |
1282841432 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (36 p.) |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/192 |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Foreign exchange administration - Asia |
Foreign exchange - Asia |
Capital movements - Asia |
Banking |
Banks and Banking |
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Capital flows |
Capital movements |
Debts, External |
Exports and Imports |
External debt |
Foreign exchange reserves |
International economics |
International Investment |
International Lending and Debt Problems |
International reserves |
Long-term Capital Movements |
Monetary Policy |
Reserves accumulation |
Sudden stops |
Taiwan Province of China |
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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 contenuto |
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Contents; I. Introduction; II. Developments in Reserve Adequacy Indicators; Tables; 1. Volatilities of Capital Flows in Asia-Pacific Economies; Box 1: Why Scale Reserves by Gross External Liabilities?; III. An Insurance Model of Optimal Reserves; 2. Output Loss in Asian Crisis; 3. Interest Rate Spreads; 4. Estimated Sterilization Financing Costs; 5. Foreign Reserves Levels: Optimal Vs. Actual; IV. A Threshold Model of Spreads-Reserves Elasticity; 6. Thresholds in the Spreads-Reserves Relations; V. Conclusions |
7. Threshold Estimates of the Elasticity of EMBI Spreads with Respect to International Reserves Traditional Indicators 8. Threshold Estimates of the Elasticity of EMBI Spreads with Respect to International Reserves New Indicators; Figures; 1. Reserves in U.S. dollar, 1990-2007; 2. Reserves in percent of GDP, 1990-2007; 3. Reserves in months of exports of goods and services, 1990-2007; 4. Reserves in percent of short-term debt, 1990-2007; 5. Reserves in percent of gross external liabilities, 1990-2007; 6. Asia Emerging Markets: External Liabilities, 1990-2006 |
7. Reserves in percent of broad money, 1990-2007 8. Reserves to Financial System Deposits, Equities, and Bonds, 1990-2005; 9. The Optimal Level of International Reserves, 2007; 10. Optimal vs. Actual Levels of International Reserves in Asia; 11. The Optimal Level of International Reserves and Traditional Reserve Adequacy Indicators; 12. International Reserves and Threshold Estimates; Appendix; A.1. Variable Definitions and Sources; A.2. Summary Statistics; References |
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Sommario/riassunto |
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Empirical analysis does not suggest that reserves are "too high" in the majority of Asian countries, though China may be a special case. Much of the reserve increase in Asia can be explained by an optimal insurance model under which reserves provide a steady source of liquidity to cushion the impact of a sudden stop in capital inflows on output and consumption. Moreover, the benefits of reserves in terms of |
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reduced spreads on privately held external debt further explains the observed growth in reserves since 1997-98. Using threshold estimation techniques, the paper shows that most of Asia can still benefit from higher reserves in terms of reduced borrowing costs. |
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3. |
Record Nr. |
UNINA9911020361003321 |
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Autore |
Rouah Fabrice <1964-> |
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Titolo |
Option pricing models and volatility using Excel-VBA / / Fabrice Douglas Rouah, Gregory Vainberg |
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Pubbl/distr/stampa |
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Hoboken, N.J., : John Wiley & Sons, c2007 |
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ISBN |
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9786610827138 |
9781118429204 |
1118429206 |
9781119202097 |
1119202094 |
9781280827136 |
1280827130 |
9780470125755 |
0470125756 |
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Descrizione fisica |
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1 online resource (457 p.) |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Options (Finance) - Prices |
Capital investments - Evaluation - Mathematical models |
Options (Finance) - Mathematical models |
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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 (p. 409-412) and index. |
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Nota di contenuto |
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Mathematical preliminaries -- Numerical integration -- Tree-based methods -- The Black-Scholes, practitioner Black-Scholes, and Gram-Charlier models -- The Heston (1993) stochastic volatility model -- The Heston and Nandi (2000) GARCH model -- The Greeks -- Exotic options -- Parameter estimation -- Implied volatility -- Model-free implied volatility -- Model-free higher moments -- Volatility returns. |
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Sommario/riassunto |
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Praise for Option Pricing Models & Volatility Using Excel-VBA""Excel is already a great pedagogical tool for teaching option valuation and risk management. But the VBA routines in this book elevate Excel to an industrial-strength financial engineering toolbox. I have no doubt that it will become hugely successful as a reference for option traders and risk managers.""--Peter Christoffersen, Associate Professor of Finance, Desautels Faculty of Management, McGill University""This book is filled with methodology and techniques on how to implement option pricing and volatility m |
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