The purpose of An Introduction to Algorithmic Finance is to provide a broad-based accessible introduction to three of the presently most important areas of computational finance, namely, option pricing, algorithmic trading and blockchain. This will provide a basic understanding required for a career
in the finance industry and for doing more specialized courses in finance.An Introduction to Algorithmic Finance breaks down into three parts. The first part provides the necessary theoretical background to Derivatives, Options and Stochastic Dominance. The second part covers various algorithmic
issues of finance, discussing specific algorithms, their applications and consequences. The third part of the book is devoted to blockchain and cryptocurrency which complements the first two parts.An Introduction to Algorithmic Finance is an interesting, important read for anyone interested in or
invested in the finance industry & it highlights and explains current phenomena in algorithmic finance in an articulate manner.
The modern school of Austrian economics took shape in the 1970s, and reflects the social science questions of its time. Is it still relevant today, considering that the theories that drive contemporary social science have evolved dramatically over the past few decades? While Austrian concerns such
as property rights and imperfect cognition have become more common, other aspects of the Austrian thought are even more idiosyncratic than ever.
In the ten chapters included here, leading economists explore whether Austrian economics still has unique insights to offer the world of today. Starting with Peter Boettke’s lead essay, “What is Wrong with Austrian Economics?”, chapters include an array of perspectives responding
to this question, ranging from economics, to intellectual history, to political science, and to philosophy. At the end of the volume, Boettke offers a rejoinder, asking, “What is Right About Austrian Economics?”
Together, these essays explore the barriers to the spread of Austrian ideas, ask which disciplines might be receptive to them, examine the role of ideology and funding in helping and hindering the school, and consider the advantages and disadvantages of different strategies for expanding engagement
with other scholars.
Austrian Economics: The Next Generation brings together emerging and established scholars to explore the insights that can be gleaned from applying Austrian economics to a range of different topics. Spanning a variety of related disciplines, from history to politics to public policy, this collection
explores a wide range of topics and how they relate to key Austrian themes. How has Austrian economics evolved over the past 40 years? What is the relationship between history and economic theory? How does the Austrian school of economics compare to other evolutionary schools of economic thought?
What can public choice theory take from the concept of emergent order? What role does departmental culture play in enabling or deterring police misconduct? How do the multiple forces shaping the evolution of economic inequality interact with one another? What are the limitations of evidence-based
policy? To what extent do regulatory agencies recognize key Austrian insights? How does the platform economy affect the possibilities for regulation of traditional utilities? What can a defense of market institutions rooted in market process theory learn from virtue ethics? Is a classical liberal
limited state best situated to cope with the darker side of human nature, or might conservatism or social democracy perform better? This collection explores each of these topics in detail, providing fresh takes on a wide range of important topics.
The banking and finance sectors are relevant shares of modern economies and indeed drivers of growth in emerging economies. The majority of existing economic and finance textbooks focus on concepts and theories with briefly exposited real-world examples for illustration. This book, which collects
chapters that are the contributions of the acknowledged experts in their fields, fills this gap by featuring in-depth analyses on prominent real-world topics in banking and finance. The book’s applications of econometrics present insightful perspectives on the recent development of banking
issues, stock market contagion, the impact of internet technology (IT) on stock markets, financial innovation and technology firms, and an international perspective on the loan puzzle and interest rate adjustment in emerging markets. In addition to exhaustive case studies on banking and finance in
India, Hong Kong, Japan, and other Asian emerging markets, the authors coherently contribute an intellectual advancement of contemporary issues in banking and finance literature. The authors offer an essential reading and source of reference for postgraduate and advanced undergraduate courses in
economics and finance.
Those who study China’s domestic economics tend to focus on its businesses, industries, supply chains, and energy market disruption through anecdotal case studies, which often point to impending collapse. This hardly squares with the dominant views of international relations scholarship, much
of which focuses on system-level analyses and tends to predict that China will inevitably achieve ever-greater global power. It is no wonder that so many long-held assumptions about China have an air of paradox to them.
Here Chi Lo presents the first full-length study to bring systemic analyses into dialog with domestic analyses, and in so doing, to show how each can challenge or refine the assumptions of the other. Taking on key presuppositions about the resilience (or otherwise) of China’s economic
fundamentals, and explaining why much of the global “common sense” about China is misinformed, this book applies evidence-based research to provide a novel picture of China’s development and its place within the global economic system.
China’s Global Disruption: Myths and Reality is a must-read for students and researchers in both international studies and economics, and it is of keen interest to policymakers and practitioners concerned with China’s ever-evolving place within the international political economy.
Stephane Hess, Andrew Daly, Stephane Hess, Andrew Daly
£156.24
Book + eBook
This book contains a selection of the best theoretical and applied papers from the inaugural International Choice Modelling Conference. The conference was organised by the Institute for Transport Studies at the University of Leeds and held in Harrogate, North Yorkshire on 30 March to 1 April 2009.
The conference brought together leading researchers and practitioners from across the many different areas in which choice modelling is a key technique for understanding behaviour and evaluating policy. The diversity of the field was reflected in presentations by both academics and practitioners,
coming from six continents and a variety of fields including transport and economics. Key contributions include papers from Professor Daniel McFadden, from the University of California, Berkeley - Nobel Prize laureate in Economics and chief architect of random utility modelling. The conference also
included keynote presentations by five other leading choice modellers, namely Professor Moshe Ben-Akiva, Professor Chandra Bhat, Professor Michel Bierlaire, Professor David Hensher, and Professor Riccardo Scarpa.
Circular Economy in Developed and Developing Countries: Perspective, Methods And Examples discusses practical examples of formation of circular economy in the developed and developing world. Special attention is paid to the experiences of modern Russia in formation of circular economy, as Russia
holds a unique position in the system of international classification of countries of the world, possessing the features of developed and developing economies.
The authors seek the goal of helping develop a new approach to research, founded on the idea that ecological crisis is proof of the necessity for formation of circular economy. Methods of formation are offered based on the determined peculiarities and common regularities, where imbalance of
developed and developing countries is overcome and the threat to ecological crises is reduced.
Aimed at academics of world economics, circular economy and macro-economics, Circular Economy in Developed and Developing Countries provides development of the theory and methodology, as well as the practice for understanding circular economy formation.
Dr. Bharati Mohapatra examines the social, functional, physical and emotional aspects of neighborhood Open Space and the attitude of people for community participation in managing the Open Space, as well as development of a framework for community participation by integrating the social,
psychological and spatial attributes. The key interlinked parameters examined are: Place Use (Functional content), Place Quality (Spatial content), Place Attachment (Emotional content), Place Management (Environmental Behavior) and Levels of Participation. The book presents both qualitative studies
and quantitative methods and techniques of analyzing the social and spatial parameters. Mohapatra shows how her work can be applied to formulate environmental management strategies, and location-specific issues and complexities in the people-park relationship can be addressed. Suggestions and
recommendations based on the findings for effective planning and sustainable management of neighborhood open space are presented.
Austrian economics is known for extensive—and many economists would say excessive—ruminations on methodology. Attempting to steer a middle course between radical forms of historicism (there are no economic laws) and scientism (economic laws are as precise as physical laws), this approach
often appears to diminish the importance of empirical testing and quantitative methods more generally. Since the Austrian revival of the 1970’s, social scientists have developed a number of new theoretical and empirical approaches to studying the social world. Experimental and behavioral
economics have exploded in popularity. Econometrics has arguably taken a more central role in the discipline than even formal economic theory. And, most prominently, econometricians have developed quasi-experimental techniques for examining real-world data as part of the “credibility
revolution.”
This volume, Contemporary Methods and Austrian Economics, examines the relationship between Austrian economics and these new social scientific methods. Do Austrian critiques of the excessive ambitions of formal theory and empirical measurement still hold water (if they ever did)? Do the findings of
these new approaches bolster or undermine distinctively Austrian theories? How should we update our views on the relationship between abstract economic theory and empirical investigations?
Professor Adelaide Duarte, Professor Gabriela Carmen Pascariu
£96.24
Book + eBook
The EMU debt crisis that
emerged in 2010 has identified a group of Southern countries, especially
Greece, Portugal, Spain and Italy, as low performers exhibiting several serious
macroeconomic imbalances, and it has also highlighted that EU integration experienced
by Eastern European countries (especially the latter-comers to EU) was not
accompanied by a rapid process of real convergence. Since then, the research
about the effects of peripherality have regained a renewed interest to
ultimately ground better regional policy recommendations aimed at achieving a
sustained reduction of income per capita disparities across EU regions.
In this new work, Pascariu and Duarte, along with an international group of
acclaimed scholars, delve into key challenges currently facing the European
Union. They investigate this central question: does the domestic market system
lead to the development of a center-periphery model, by highlight gaps, or does
it support the convergence process? Analyzing the effects of peripherality
across the EU regions, a two-fold approach is used to deliver policy
recommendations grounded in economic theory, and of interest to other countries
and regions facing a process of integration.