Economic Capital

Author : Pieter Klaassen,Idzard van Eeghen
Publisher : Elsevier
Page : 304 pages
File Size : 41,6 Mb
Release : 2009-05-28
Category : Business & Economics
ISBN : 0080956807

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Economic Capital by Pieter Klaassen,Idzard van Eeghen Pdf

Managers can deploy and manage economic capital more effectively when they understand how their decisions add value to their organizations. Economic Capital: How It Works and What Every Manager Needs to Know presents new ways to define, measure, and implement management strategies by using recent examples, many from the sub-prime crisis. The authors also discuss the role of economic capital within the broader context of management responsibilities and activities as well as its relation to other risk management tools that are available to the modern risk manager. Explains ways to use economic capital in balancing risk and return Evaluates solutions to problems encountered in establishing an economic capital framework Emphasizes intuition Draws special attention to embedding risk modelling approaches within economic capital frameworks

Author : Anonim
Publisher : Lulu.com
Page : 294 pages
File Size : 49,7 Mb
Release : 2004
Category : Bank capital
ISBN : 9789291316694

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International Convergence of Capital Measurement and Capital Standards by Anonim Pdf

Author : Iman van Lelyveld
Publisher : Bloomberg Press
Page : 202 pages
File Size : 43,5 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 1904339395

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Economic Capital Modelling by Iman van Lelyveld Pdf

Playing a key role in both the second pillar of the new Basel framework and the Solvency II project, economic capital models are becoming increasingly important. Economic Capital Modelling provides you with a multi-faceted overview of the current state of play for these cutting edge models. Presenting a theoretical overview of risk measurement, diversification and aggregation; a survey of the current state of implementation; and a supervisory view on the use of these models.

Author : B. Porteous,P. Tapadar
Publisher : Springer
Page : 325 pages
File Size : 44,9 Mb
Release : 2005-12-19
Category : Business & Economics
ISBN : 9780230512702

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Economic Capital and Financial Risk Management for Financial Services Firms and Conglomerates by B. Porteous,P. Tapadar Pdf

The authors present a comprehensive and timely discussion of economic capital and financial risk management for financial services firms and conglomerates. Topics covered include: the different types of risks that firms collect; risk governance issues; how stress testing can be used to measure risk; the provision of a clear and precise definition of economic capital; the different types of capital that are eligible to back regulatory capital, and; the development of models that can be used to estimate a firm's economic capital requirements. A unique feature of the book is that, for the first time, the economic capital requirements of financial services firms across the entire risk spectrum, from the short end to the long end, are considered in one book. The authors develop models to estimate the economic capital requirements of banks, asset management firms, life and non-life insurance firms, pension funds, and the financial services conglomerates that comprise these firms. Economic capital is compared to regulatory capital and regulatory capital arbitrage is discussed. The diversification benefit present in financial services conglomerates is quantified and the practical management of this diversification benefit is dealt with. The authors give new insights into capital management and performance measurement for financial services conglomerates and provide detailed descriptions of the main financial services firm regulatory capital changes that are ongoing at the time of writing. This superb and original book charts new ground in the practical application of economic capital for financial services firms and conglomerates. It is required reading for all capital allocation and risk professionals.

Author : Garcia Marquez, Fausto Pedro
Publisher : IGI Global
Page : 478 pages
File Size : 48,8 Mb
Release : 2019-10-04
Category : Computers
ISBN : 9781799801078

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Handbook of Research on Big Data Clustering and Machine Learning by Garcia Marquez, Fausto Pedro Pdf

As organizations continue to develop, there is an increasing need for technological methods that can keep up with the rising amount of data and information that is being generated. Machine learning is a tool that has become powerful due to its ability to analyze large amounts of data quickly. Machine learning is one of many technological advancements that is being implemented into a multitude of specialized fields. An extensive study on the execution of these advancements within professional industries is necessary. The Handbook of Research on Big Data Clustering and Machine Learning is an essential reference source that synthesizes the analytic principles of clustering and machine learning to big data and provides an interface between the main disciplines of engineering/technology and the organizational, administrative, and planning abilities of management. Featuring research on topics such as project management, contextual data modeling, and business information systems, this book is ideally designed for engineers, economists, finance officers, marketers, decision makers, business professionals, industry practitioners, academicians, students, and researchers seeking coverage on the implementation of big data and machine learning within specific professional fields.

Author : Ronald I. McKinnon
Publisher : Brookings Institution Press
Page : 204 pages
File Size : 45,7 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 0815718497

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Money and Capital in Economic Development by Ronald I. McKinnon Pdf

This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Author : J. Franke,Wolfgang Härdle,Gerhard Stahl
Publisher : Springer Science & Business Media
Page : 266 pages
File Size : 51,7 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9781461212140

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Measuring Risk in Complex Stochastic Systems by J. Franke,Wolfgang Härdle,Gerhard Stahl Pdf

Complex dynamic processes of life and sciences generate risks that have to be taken. The need for clear and distinctive definitions of different kinds of risks, adequate methods and parsimonious models is obvious. The identification of important risk factors and the quantification of risk stemming from an interplay between many risk factors is a prerequisite for mastering the challenges of risk perception, analysis and management successfully. The increasing complexity of stochastic systems, especially in finance, have catalysed the use of advanced statistical methods for these tasks. The methodological approach to solving risk management tasks may, however, be undertaken from many different angles. A financial insti tution may focus on the risk created by the use of options and other derivatives in global financial processing, an auditor will try to evalu ate internal risk management models in detail, a mathematician may be interested in analysing the involved nonlinearities or concentrate on extreme and rare events of a complex stochastic system, whereas a statis tician may be interested in model and variable selection, practical im plementations and parsimonious modelling. An economist may think about the possible impact of risk management tools in the framework of efficient regulation of financial markets or efficient allocation of capital.

Author : Arindam Bandyopadhyay
Publisher : Cambridge University Press
Page : 390 pages
File Size : 41,5 Mb
Release : 2016-05-09
Category : Business & Economics
ISBN : 9781107146471

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Managing Portfolio Credit Risk in Banks: An Indian Perspective by Arindam Bandyopadhyay Pdf

This book explains how a proper credit risk management framework enables banks to identify, assess and manage the risk proactively.

Author : D C Hagued
Publisher : Springer
Page : 419 pages
File Size : 54,7 Mb
Release : 1961-01-01
Category : Business & Economics
ISBN : 9781349084524

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The Theory of Capital by D C Hagued Pdf

Author : Thomas Piketty
Publisher : Harvard University Press
Page : 817 pages
File Size : 43,5 Mb
Release : 2017-08-14
Category : Business & Economics
ISBN : 9780674979857

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Capital in the Twenty-First Century by Thomas Piketty Pdf

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

Author : Barbara K. Jones
Publisher : University Press of Florida
Page : 306 pages
File Size : 52,7 Mb
Release : 2019-11-11
Category : Nature
ISBN : 9781683401339

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Wild Capital by Barbara K. Jones Pdf

In Wild Capital, Barbara Jones demonstrates that looking at nature through the lens of the marketplace is a surprisingly effective approach to protecting the environment. Showing that policy-makers and developers rarely associate wild places with monetary values, Jones argues that nature can and should be viewed as a capital asset like any other in order for environmental preservation to be a competitive alternative to development. Jones describes how the ecosystem services model, a tool that connects human well-being with the services nature provides, can play a critical role in assigning species and their habitats measurable values. She uses five highly recognizable animal species—moose, manatees, sharks, wolves, and bald eagles—as examples to show how highly valued charismatic fauna can serve as symbolic representations of entire ecosystems at risk. Through an emphasis on branding, incentives, and ecotourism, Jones advocates for channeling the social and economic power of these and other faces of nature to inspire greater environmental awareness and stewardship. Contending that many people don’t realize how fiscally pragmatic environmental initiatives can be, Jones is optimistic that by recognizing the costs of habitat destruction and diminished biodiversity, we will make better choices regarding conservation and development. In doing so, we can more readily move toward co-existence with nature and a sustainable future.

Author : Heike Mayer,Fritz Sager,David Kaufmann,Martin Warland
Publisher : Routledge
Page : 182 pages
File Size : 49,9 Mb
Release : 2017-09-11
Category : Business & Economics
ISBN : 9781134795789

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The Political Economy of Capital Cities by Heike Mayer,Fritz Sager,David Kaufmann,Martin Warland Pdf

Capital cities that are not the dominant economic centers of their nations – so-called ‘secondary capital cities’ (SCCs) – tend to be overlooked in the fields of economic geography and political science. Yet, capital cities play an important role in shaping the political, economic, social and cultural identity of a nation. As the seat of power and decision-making, capital cities represent a nation’s identity not only through their symbolic architecture but also through their economies and through the ways in which they position themselves in national urban networks. The Political Economy of Capital Cities aims to address this gap by presenting the dynamics that influence policy and economic development in four in-depth case studies examining the SCCs of Bern, Ottawa, The Hague and Washington, D.C. In contrast to traditional accounts of capital cities, this book conceptualizes the modern national capital as an innovation-driven economy influenced by national, local and regional actors. Nationally, overarching trends in the direction of outsourcing and tertiarization of the public-sector influence the fate of capital cities. Regional policymakers in all four of the highlighted cities leverage the presence of national government agencies and stimulate the economy by way of various locational policy strategies. While accounting for their secondary status, this book illustrates how capital-city actors such as firms, national, regional and local governments, policymakers and planning practitioners are keenly aware of the unique status of their city. The conclusion provides practical recommendations for policymakers in SCCs and highlights ways in which they can help to promote economic development.

Author : Simon Smith Kuznets
Publisher : Princeton University Press
Page : 694 pages
File Size : 53,6 Mb
Release : 2015-12-08
Category : Business & Economics
ISBN : 9781400879724

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Capital in the American Economy by Simon Smith Kuznets Pdf

An examination of long-term trends in capital formation and financing in the U.S., this study is organized primarily around the principal capital-using sectors of the economy: agriculture, mining and manufacturing, public utilities, non-farm residential real estate, and government. The analysis summarizes major trends in real capital formation and financing, and the factors that determined the trends. Originally published in 1961. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author : Wei-Bin Zhang
Publisher : Routledge
Page : 394 pages
File Size : 45,6 Mb
Release : 2018-01-18
Category : Business & Economics
ISBN : 9781351159425

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Economic Growth Theory by Wei-Bin Zhang Pdf

This book develops a new theoretical framework to examine the issues of economic growth and development. Providing analysis of economic dynamics in a competitive economy under government intervention in infrastructure and income distribution, the book develops a unique analytical framework under the influence of traditional neoclassical growth theory. However, in a departure from neoclassical growth theory it examines both the Solow-Swan and the Ramsey growth models, introducing a utility function which treats consumer choices in ways critically different to previous approaches. Using practical examples and models the book demonstrates how this new direction can effectively analyze the key issues of economic growth, in a compact and comprehensive manner.

Author : Kanta Murali
Publisher : Cambridge University Press
Page : 317 pages
File Size : 46,7 Mb
Release : 2017-02-02
Category : Political Science
ISBN : 9781107154506

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Caste, Class and Capital by Kanta Murali Pdf

The book traces the social and political origins of economic policy in India during its high growth phase after 1991.