Finance At The Frontier

Author : Von Pischke, J. D.
Publisher : World Bank Publications
Page : 460 pages
File Size : 45,9 Mb
Release : 1991
Category : Business & Economics
ISBN : STANFORD:36105041260212

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Finance at the Frontier by Von Pischke, J. D. Pdf

This book suggests how good loans can be made to individuals and firms at the 'frontier'. This frontier is not geographic, but market based. On one side are those parts of the legitimate economy that are not usually considered creditworthy by formal financial institutions, and on the other are the generally more prosperous entities that do have access to formal finance. Good loans are loans that are repaid according to the terms agreed on when they were issued. It examines how lending at the frontier can be remunerative to commercial banks, development banks and other development finance agencies that retail credit and assume credit risk. Remunerative lending is important because most lenders, regardless of their ownership and institutional form, tend to avoid activities that are not attractive. Unremunerative lending is transitory, unstable, and not robust in the face of adversity. Credit markets function poorly when lenders are not adequately rewarded. Experience at the frontier clearly indicates that weak financial institutions do not do a good job serving society in general and firms and individuals at the frontier in particular. This book is intended for readers interested in the relationship between finance and development at the firm and household levels and in the use of credit by individuals in low-income countries.

Author : Rama Cont
Publisher : John Wiley & Sons
Page : 312 pages
File Size : 41,9 Mb
Release : 2009-03-09
Category : Business & Economics
ISBN : 9780470456804

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Frontiers in Quantitative Finance by Rama Cont Pdf

The Petit D'euner de la Finance–which author Rama Cont has been co-organizing in Paris since 1998–is a well-known quantitative finance seminar that has progressively become a platform for the exchange of ideas between the academic and practitioner communities in quantitative finance. Frontiers in Quantitative Finance is a selection of recent presentations in the Petit D'euner de la Finance. In this book, leading quants and academic researchers cover the most important emerging issues in quantitative finance and focus on portfolio credit risk and volatility modeling.

Author : Patrick Lecomte
Publisher : Routledge
Page : 222 pages
File Size : 42,7 Mb
Release : 2021-06-04
Category : Business & Economics
ISBN : 9781000395037

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New Frontiers in Real Estate Finance by Patrick Lecomte Pdf

This book introduces three innovative concepts and associated financial instruments with the potential to revolutionise real estate finance. The factorisation of commercial real estate with factor-based real estate derivatives is the first concept analysed in this book. Methodological issues pertaining to factors in real estate risk analysis are covered in detail with in-depth academic reference. The book then analyses the digitalisation of commercial real estate. The environment in which buildings operate is changing fast. Cities which used to be made up of inanimate architectural structures are growing digital skins and becoming smarter. Smart technologies applied to the built environment are fundamentally changing buildings’ role in cities and their interactions with their occupants. The book introduces the concept of smart space and analyses the emergence of ‘digital rights’ or property rights for smart buildings in smart environments. It proposes concepts and methods for identifying, pricing, and trading these new property rights which will dominate commercial real estate in the future. Finally, the tokenisation of commercial real estate is explored. Sometimes described as an alternative to securitisation, tokenisation is a new tool in financial engineering applied to real assets. The book suggests two innovative applications of tokenisation: private commercial real estate index tokenisation and data tokens for smart buildings. With factorisation, digitalisation, and tokenisation, commercial real estate is at the forefront of innovations. Real estate’s unique characteristics, stemming from its physicality, trigger new ways of thinking which might have a profound impact on other asset classes by paving the way for micro markets. Factor-based property derivatives, digital rights, and tokens embody how commercial real estate can push the boundaries of modern capitalism and, in doing so, move at the centre of tomorrow’s smart economies. This book is essential reading for all real estate, finance, and smart technology researchers and interested professionals.

Author : Song Hongbing
Publisher : Omnia Veritas Limited
Page : 414 pages
File Size : 46,9 Mb
Release : 2021-11-12
Category : Business & Economics
ISBN : 1913890600

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Currency Wars III: Financial High Frontiers by Song Hongbing Pdf

Currency, which has been overlooked by historians, is precisely the key to unlocking many historical puzzles, the compass to discern the maze of today's reality, and the telescope to discover the road to the future. In the course of studying the financial history of Europe, America, China and Japan, I have a growing feeling that finance is the "fourth dimensional frontier" that a sovereign country must defend. The concept of the frontiers of sovereign states does not only include the three-dimensional physical space constituted by the land, sea and air frontiers (including space), but in the future it needs to include a new dimension: finance. The importance of the financial high frontier will become increasingly important in the coming era of cloudy international currency wars. From the path of financial evolution in Europe and the United States, it can be clearly found that the currency standard, central banks, financial networks, trading markets, financial institutions and clearing centers together constitute the system architecture of financial high frontier. The main purpose of this system is to ensure efficient and secure resource mobilization for currency pairs. From the source of the central bank to create money, to the customer terminal that eventually accepts money; from the dense network of money flow, to the clearing center of funds remittance; from the trading market of financial instruments, to the rating system of credit assessment; from the soft regulation of the financial legal system, to the construction of rigid financial infrastructure; from the huge financial institutions, to efficient industry associations; from complex financial products, to simple investment instruments, the financial high frontier protects the monetary blood from the heart of the central bank, to the financial capillaries and even the whole body economic cells, and eventually back to the central bank's circulation system.

Author : Temitope W. Oshikoya,Kehinde Durosinmi-Etti
Publisher : Routledge
Page : 290 pages
File Size : 52,5 Mb
Release : 2019-05-28
Category : Business & Economics
ISBN : 9780429577703

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Frontier Capital Markets and Investment Banking by Temitope W. Oshikoya,Kehinde Durosinmi-Etti Pdf

This book discusses the role of capital markets and investment banking in Nigeria, the largest frontier market economy in the world by both population size and gross domestic product. Offering a systematic framework combining conceptual principles with real practice, the book enables the reader to gain useful insight into how capital markets and investment banking work in the real world of a frontier market. The book provides a synopsis of the economic attractiveness, financial systems intermediation and capital markets, as well as the regulatory framework within a frontier market. It explores capital raising through equity and underwriting and private equity, paying particular attention to putting capital to work on mergers and acquisitions, project and infrastructure finance and real estate finance. Furthermore, it analyses asset management, pension industry and securities trading in a frontier market. The authors use detailed case studies from Nigeria to illustrate the operations of investment banking in frontier markets. The cases, tables and charts serve as useful illustrations of the topics under discussion. With the authors’ combined experience of more than 50 years as economists, finance and investment professionals and in executive leadership positions in the financial services industry, this book will interest the academic community, professionals in the financial industry, retail and institutional investors interested in frontier markets, development practitioners in international organizations and policy makers including securities and capital market regulators.

Author : Ghassan Moazzin
Publisher : Cambridge University Press
Page : 355 pages
File Size : 48,7 Mb
Release : 2022-07-07
Category : Business & Economics
ISBN : 9781009036986

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Foreign Banks and Global Finance in Modern China by Ghassan Moazzin Pdf

In this wide-ranging study, Ghassan Moazzin sheds critical new light on the history of foreign banks in late nineteenth and early twentieth century China, a time that saw a substantial influx of foreign financial institutions into China and a rapid increase of both China's foreign trade and its interactions with international capital markets. Drawing on a broad range of German, English, Japanese and Chinese primary sources, including business records, government documents and personal papers, Moazzin reconstructs how during this period foreign banks facilitated China's financial integration into the first global economy and provided the financial infrastructure required for modern economic globalization in China. Foreign Banks and Global Finance in Modern China shows the key role international finance and foreign banks and capital markets played at important turning points in modern Chinese history.

Author : Panagiotis Andrikopoulos,Greg N. Gregoriou,Vasileios Kallinterakis
Publisher : Academic Press
Page : 428 pages
File Size : 40,6 Mb
Release : 2016-08-05
Category : Business & Economics
ISBN : 9780128094914

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Handbook of Frontier Markets by Panagiotis Andrikopoulos,Greg N. Gregoriou,Vasileios Kallinterakis Pdf

Handbook of Frontier Markets: Evidence from Asia and International Comparative Studies provides novel insights from academic perspectives about the behavior of investors and prices in several frontier markets. It explores finance issues usually reserved for developed and emerging markets in order to gauge whether these issues are relevant and how they manifest themselves in frontier markets. Frontier markets have now become a popular investment class among institutional investors internationally, with major financial services providers establishing index-benchmarks for this market-category. The anticipation for frontier markets is optimistic uncertainty, and many people believe that, given their growth rates, these markets will be economic success stories. Irrespective of their degrees of success, The Handbook of Frontier Markets can help ensure that the increasing international investment diverted to them will aid in their greater integration within the global financial system. Presents topics in the contexts of frontier markets and uses tests based on established methodologies from finance research Features contributing authors who are established university academics Emphasizes financial institutions and applications of financial risk models Explores finance issues usually reserved for developed and emerging markets in order to gauge whether these issues are relevant and how they manifest themselves in frontier markets

Author : Michael J. Douma
Publisher : Unknown
Page : 128 pages
File Size : 48,5 Mb
Release : 2018
Category : Credit
ISBN : 1526461226

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Money and Credit on the American Frontier by Michael J. Douma Pdf

This case, set on the American frontier in the 1840s, concerns a village store that issued credit to local customers. Like archaeologist-detectives, we can interpret an archival note that suggests that customers could exchange credit at the store. This case demonstrates the ingenuity of entrepreneurial social groups faced with a shortage of hard currency. It helps us question the nature of money, how credit is issued, the importance of social capital for developing financial capital, and the benefits and drawbacks of various early financial instruments. Lessons from the store that acted like a bank can be applied in the present day, as questions about digital currencies arise.

Author : Cristiano Bellavitis,Igor Filatotchev,Dzidziso Samuel Kamuriwo,Tom Vanacker
Publisher : Routledge
Page : 257 pages
File Size : 41,9 Mb
Release : 2019-07-23
Category : Business & Economics
ISBN : 9781351202138

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Entrepreneurial Finance by Cristiano Bellavitis,Igor Filatotchev,Dzidziso Samuel Kamuriwo,Tom Vanacker Pdf

This book examines the proliferation of new sources of entrepreneurial finance and how these sources have the potential to make it easier for ventures to raise capital and grow. To date, entrepreneurial finance literature has developed a rich tradition of research on venture capital and angel finance. However, the emergence of ‘new’ sources of finance – such as crowdfunding – and the limited attention paid to ‘traditional’ debt financing and financial bootstrapping offer opportunities to explore, from different points of view and theoretical perspectives, the challenges that ventures face. The objective of this book is to explore these new and traditional sources of finance; suggest how these phenomena can be better understood conceptually; and guide new ways of understanding the topic in future, especially for researchers. The introduction outlines the new sources of entrepreneurial finance, and in comparing them with more traditional sources, proposes challenges in our conceptual understanding of these new and traditional sources. The subsequent chapters deal with important topics, including looking at the way different funding sources may interact; factors that impede family firms from getting external funding; how best to succeed with equity crowdfunding by looking at pre-selection processes; considering differences in perceptions towards funding sources arising from whether entrepreneurs are native born or immigrants; factors to consider when funding specialized assets in high uncertain sectors such as biotechnology; and the internationalization of business angel activity. This book was originally published as a special issue of the Venture Capital journal.

Author : William J. Serraino,Surendra S. Singhvi,Robert M. Soldofsky
Publisher : Thomson South-Western
Page : 468 pages
File Size : 45,7 Mb
Release : 1984
Category : Business & Economics
ISBN : UOM:49015001173468

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Frontiers of Financial Management by William J. Serraino,Surendra S. Singhvi,Robert M. Soldofsky Pdf

Author : Elisabetta Gualandri,Valeria Venturelli,Alex Sclip
Publisher : Springer
Page : 392 pages
File Size : 46,5 Mb
Release : 2019-05-28
Category : Business & Economics
ISBN : 9783030162955

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Frontier Topics in Banking by Elisabetta Gualandri,Valeria Venturelli,Alex Sclip Pdf

The aim of this book is twofold: Firstly to focus on the development of new instruments and topics in the financial industry. Secondly to analyze the development of “old” themes applied to different international contexts, such as cross-border banking and the role of government financial resources in China. With these goals in mind, the book explores the investigation of new instruments for the financing of SMEs and new ventures, such as mini bonds and equity crowdfunding. Additionally, it covers the field of corporate governance and corporate social responsibility including financial inclusion, gender roles, disclosure, social media roles and litigation. The book also investigates the choices followed by the Royal Swedish Academy in the selection of Nobel laureates in economics science to analyze their influence on the financial industry. Geared to banking academics, researchers and students, this book uncovers the most prominent issues within the banking industry today.

Author : Jessica Robinson
Publisher : Unbound Publishing
Page : 236 pages
File Size : 50,9 Mb
Release : 2021-02-04
Category : Business & Economics
ISBN : 9781783529537

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Financial Feminism by Jessica Robinson Pdf

As we face global challenges like climate change and inequality, what if women could use their investments to build a cleaner, fairer and more sustainable world? Financial feminism – the belief in the financial equality of women – has been gathering momentum, largely in the context of the gender pay gap: on average a woman earns 80% of what a man does. But there’s another gap – the gender investing gap – which shows women are investing less than men, saving less for retirement and parking more in cash. When compounded by the gender pay gap, this results in a significant shortfall, but there’s more to financial feminism than simply addressing these gaps: women also care about where their money is invested and the impact it can have. In this practical and accessible guide, sustainable investing expert Jessica Robinson shows how through financial feminism, women can use their financial power to invest in a sustainable future and build the kind of world they want to live in. With jargon-free explanations and real-world examples, she demystifies the financial services industry, breaks down just what sustainable investing is and demonstrates the societal and environmental impact of the investment decisions we make. Arming women with the information they need to get started – and keep going – she hopes that more women will embrace financial feminism, invest to grow their own wealth and, in doing so, use their financial decisions to demand a better world.

Author : Zhong Xu,Chuanwei Zou
Publisher : Routledge
Page : 328 pages
File Size : 44,8 Mb
Release : 2022
Category : Business & Economics
ISBN : 1003266924

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Fintech by Zhong Xu,Chuanwei Zou Pdf

"Fintech, the integration of technology into the delivery of financial services has revolutionised the world of Finance. This book introduces a new framework to study the concepts that underly Fintech while examining the driving forces and underlying logic behind Fintech-based innovation and predicting the future development of Fintech. The first three parts of the book cover the development and basics of Fintech and its relationship with inclusive finance, while later sections constitute a deep dive into several core issues surrounding Fintech. First, the volume introduces an economic explanation of blockchain and its application in various scenarios based on the token paradigm. Second, it studies digital currency and discusses its impacts on payment systems, financial inclusion, monetary policy, and financial stability. Third, the authors explore how to build a compliant and effective market for data while protecting data privacy, impinging on the future development of AI application, the digital economy and Fintech. Fourth, the book examines public policies related to Fintech, including regulatory technology, the regulation of financial activities of Big Tech companies, and how to promote financial inclusion. The title will appeal to scholars, students, and financial practitioners and regulators in a broad range of areas including economics, finance, technology, and public policy, especially Fintech, blockchain, and digital currency"--

Author : Anonim
Publisher : World Bank Publications
Page : 135 pages
File Size : 47,8 Mb
Release : 2008-01-01
Category : Business & Economics
ISBN : 9780821374184

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Financing Micro, Small, and Medium Enterprises by Anonim Pdf

This study evaluates the effectiveness of IFC's strategic priority of private sector development in frontier countries (high-risk and/or low-income) by supporting micro, small, and medium enterprises (MSMEs) during fiscal years (FY)1994-2006. IFC has channeled its support to MSME's by: i) indirect financing through financial intermediaries, and ii) by indirect institution-building support via specialized regional small and medium enterprise (SME) development facilities. This evaluation analyzes IFC's development results and provides recommendations on how IFC's performance can be improved in this area going forward.

Author : Economic Council of Canada
Publisher : Unknown
Page : 128 pages
File Size : 43,6 Mb
Release : 1989
Category : Electronic
ISBN : OCLC:56277171

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New Frontier - Globalization and Canada's Financial Markets by Economic Council of Canada Pdf