Books Finance + Banking

This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and …

In a world where global finance must align with the green transition, this Open Access book challenges established economic thinking. It argues for a shift from individualism to group-focused economic theory and policy, revealing that historical …

This book organizes the intent and purpose of the Japanese competition law (Antimonopoly Act) to address the digitalized socio-economy and provides a detailed explanation of its basic content as well as advanced issues. It includes an overview of …

This book focuses on microeconomic foundations of capital structure theory. It combines theoretical results with a large number of examples, exercises and applications. The book examines fundamental ideas in capital structure management, some of …

This publication is the first one to develop a global impact taxonomy for FinTechs that aspire to fulfill the SDGs. The transformative arena of impact investing is witnessing significant shifts, through innovation and technology advances and …

The book deals with insurance of the 11 rules in Incoterms 2020 and under Common Law. Incoterms, cargo insurance and common law principles are the leading players in international commercial transactions. Although based on common law principles …

This book focuses on the use of Artificial Intelligence (AI) for accounting, auditing, and finance. It explores how AI can be leveraged to perform various tasks within these fields and offers real life examples to illustrate its features and …

Dieses englischsprachige Buch untersucht, wie Fusionen zwischen Banken und Fintechs Innovation und Leistung im Finanzsektor verbessern. Autorin Greta Benedetta Ferilli analysiert Chancen, Risiken und Auswirkungen auf Rentabilität, Effizienz, Risiko und ESG und untersucht auch regulatorische Implikationen.

This Open Access book from the Netherlands Scientific Council for Government Policy explains how money creation and banking works, describes the main problems of the current monetary and financial system and discusses several reform options. This …

Callable mortgage bonds are utilized by individuals and companies to finance the purchase of real estate, and this asset class therefore plays a crucial role in modern society. Callable mortgage bonds constitute an enormous asset class and often …

This book presents a unique collection of contributions on modern topics in applied public economics, written by leading experts in the respective disciplines and their intersections from cultural economics to public choice. It features …

This open access book focuses on the Ginibre ensembles that are non-Hermitian random matrices proposed by Ginibre in 1965. Since that time, they have enjoyed prominence within random matrix theory, featuring, for example, the first book on the …

This conference volume discusses the findings of the iCAB 2024 conference that took place in Sun City, South Africa, on June 27-28 2024. The University of Johannesburg hosted the iCAB 2024 conference with the aim to bring together researchers from …

This volume presents new research and trends in applied macroeconomics. It features contributions presented at the 2024 International Conference on Applied Economics (ICOAE) held in Belgrade, Republic of Serbia including country specific studies …

This Open Access Handbook of New Institutional Economics (NIE) is a comprehensive reference work providing a unique and timely overview of recent developments and broad orientations in institutional analysis. This second edition has been …

Marking a century of the German balance of payments, this open access book covers the main historical, conceptual, analytical and institutional aspects of external statistics. It explores how the balance of payments has evolved as a multipurpose …

This open access book is the documentary of the Second International Forum on Financial Mathematics and Financial Technology, with focus on selected aspects of the current and upcoming trends in FinTech. In detail, the included scientific papers …

This open access book offers a comprehensive analysis of China’s way of economic development balancing between efficiency and equity, striving to investigate existing challenges and to discuss the role of fiscal policies and philanthropy to …

This open access handbook, Ten Crises systematically traces the economic historyof China from 1949 to 2020, unravelling the complex domestic and global factorsleading to the cyclical crises identified by WEN and his research team, andexamining the …

This open access book provides a readable narrative of the bubbles and the banking crisis Japan experienced during the two decades between the late 1980s and the early 2000s. Japan, which was a leading competitor in the world’s manufacturing …

This open access book presents global perspectives and developments within the information and communication technology (ICT) sector, and discusses the bearing they have on policy initiatives that are relevant to the larger digital technology and …

This book demonstrates how nonlinear/non-Gaussian Bayesian time series estimation methods were used to produce a probability distribution of potential MH370 flight paths. It provides details of how the probabilistic models of aircraft flight …

This open access book provides detailed information on informal credit markets in Africa and how various legal systems affect these markets. Laws that impose strict formalism exclude many people from the financial system. The lessons learned from …

This open access textbook offers a guide to corporate finance for modern companies that want to create long-term value. Drawing on recent literature on sustainable companies, it starts by analysing the Sustainable Development Goals as a strategy …

This open access book collects expert contributions on actuarial modelling and related topics, from machine learning to legal aspects, and reflects on possible insurance designs during an epidemic/pandemic.

Starting by considering the impulse given …

The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. This is true even in a situation of prosperity and very low …

This book, by way of a comparative analysis of the main economic viewpoints of the Chinese and Western traditions, shows that the theories of the Physiocrats originated, in a significant way, from ancient Chinese economic thought. Resorting to a …

This book provides a detailed and up-to- date analysis of the current and near-future domestic economic situation in China based on the concept of “New Normal”, which was first proposed by Chinese President Xi Jinping and which is commonly used in …

With the goal of perfecting the national governance system and raising the country’s governance capability, this book systematically analyzes the characteristics and trajectory of China’s economic expansion and structural adjustment, while also …

The current paradigm of forest economics is based on Faustmann Formulation (FF) of land expectation value proposed by Martin Faustmann. It was a great achievement by a forester to propose a formulation that captures some fundamental economic features

This study systematically investigates the development process, major characteristics and weak links of China's poverty alleviation experience and conducts a comparative analysis of poverty alleviation cases. It also accurately presents the internal

The book addresses the problem of a time-varying unconditional variance of return processes utilizing a spline function. The knots of the spline functions are estimated as free parameters within a joined estimation process together with the …

Friedrich List (1789-1846) was a prophet of social market economy, national economy and the infant-industry theory. In this comprehensive biography the international influence and reception of List’s theories is presented together with his extraordi

As the sluggish external market demand and excess domestic investment in past years have caused excess production capacity, resulting in both industrial growth rate and GDP growth rate falling to lowest point for the last three years in China. Where

Owing to the decline in domestic investment and trade with the rest of the world, China’s real GDP in the first half of 2012 was lower than expected. Based on forecasts from China’s Quarterly Macroeconomic Model (CQMM), the slowdown of the growth

This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy …

This topical and important book identifies the short to medium-term economic, financial and social consequences of Brexit. Containing perspectives from leading thinkers across legal, economic and financial fields, it considers both the general …

This book offers a vision of economics in which there is no place for universal laws of nature, and even for laws of a more probabilistic character. The author avoids interpreting the practice of economics as something that leads to the …

This book draws on the work of one of the sharpest minds of the 20th century, Piero Sraffa. Ludwig Wittgenstein credited him for 'the most consequential ideas' of the Philosophical Investigations (1953) and put him high on his short list of …

This book, dedicated to Prof. Jacques Richard, is about the economic, political, social and even environmental consequences of setting accounting standards, with emphasis on those that are alleged to be precipitated by the adoption and …

Revised and updated for the second edition, this textbook allows students to work through classic texts in economics and finance, using the original data and replicating their results. In this book, the author rejects the theorem-proof approach as …

The textbook discusses risk management in capital markets and presents various techniques of portfolio optimization. Special attention is given to risk measurement and credit risk management. Furthermore, the author discusses optimal investment …

This textbook provides the necessary techniques from financial mathematics and stochastic analysis for the valuation of more complex financial products and strategies. The author discusses how to make use of mathematical methods to analyse …

This book focuses on Chinese cases on the CISG decided by Chinese courts of all levels, focusing on those decided from 2013 to 2016. During this period, the number of cases grew fast compared to 2010 to 2012 covered in volume 3. The growth in the …

The automated filtering of upload attempts to online platforms is one of the most contentious issues in the fields of copyright enforcement and platform regulation. Notwithstanding the impassioned debate, research from a law and economics …

This book presents a collection of topics that reflect the evolving landscape of economics, leadership, technology, and social systems in an interconnected world. From the role of accounting in supporting the United Nations Sustainable Development …

This book combines academic insights and practitioners’ experience from nineteen countries around the world, and it explores public administration systems capacity in predicting, facing, and reacting to, as well as operating in, the new reality. A …

This book offers a groundbreaking exploration of how FinTech, social innovation, and inclusive partnerships can drive sustainable development on a global scale. It delves into the transformative potential of Alipay, the world's largest FinTech …

This book redefines the traditional understanding of state responsibility. It presents a compelling argument that international law's effectiveness hinges on its ability to protect not only state interests but also those of the global community.

This textbook rethinks derivatives in a structured manner. This is done from the perspective of financial modeling, whereby the central issues from the financial economy are holistically mapped and resolved with the help of Microsoft Excel. The …

This book explores the evolving landscape of sustainable finance across various sectors and delves into critical topics ranging from the integration of Environmental, Social, and Governance (ESG) criteria in investment decisions to the …

This book presents a comprehensive overview of the development of various schools of economic thought. Written for students of economics and anyone interested in the history of economics, it introduces the economic thinking of major economists …

This textbook offers a comprehensive guide to key topics in financial economics, seamlessly blending theoretical insights with practical applications. It covers essential areas such as portfolio allocation, asset pricing, empirical finance, and …

This open access book focuses on the interplay between random walks on planar maps and Koebe’s circle packing theorem. Further topics covered include electric networks, the He–Schramm theorem on infinite circle packings, uniform spanning trees of …

This open access book analyzes the achievements and challenges of the Belt and Road Initiative (BRI) from the macro and industrial, real and financial, domestic and international perspectives, and explores the opportunities for future development …

This 4th edition revised and extended compendium contains and explains essential mathematical formulas within an economic context. Newly added content introduces non-linear optimization, focusing on maximizing or minimizing real problems using at …

This 3rd edition compendium contains and explains essential statistical formulae in an economic context. The compendium has been enhanced with numerous additional practical examples to help readers better understand the formulas and their …

This book looks at the new phenomenon of Central Bank Digital Currency (CBDC) with a focus on the launch of the Digital Euro in the European Union. It contains treatment of the subject of CBDC from various perspectives, with each of the authors …

This volume is an original collection of articles by 44 leading mathematicians on the theme of the future of the discipline. The contributions range from musings on the future of specific fields, to analyses of the history of the discipline, to …

This book is open access, which means that you have free and unlimited access.

The increasing capacity of digital networks and computing power, together with the resulting connectivity and availability of “big data”, are impacting financial systems …

This volume presents new research and trends in applied economic research with special interest in advances in applied macroeconomics. It features contributions presented at the 2024 International Conference on Applied Economics (ICOAE) held in …

This book explores the intricate relationship between sustainable business practices and economic performance. By examining how companies can achieve financial benefits through the integration of environmental and social responsibility into their …

This book introduces modern series methods with a focus on applications in econometrics and statistics. It explores how new orthogonal series techniques can address challenges in model building and estimation, particularly for variables with …

This book constitutes revised selected papers from the 12th International Workshop on Enterprise Applications, Markets and Services in the Finance Industry, FinanceCom 2024, held in Copenhagen, Denmark, on October 10, 2024.

The 5 full papers …

This monograph provides a comprehensive overview of locally perturbed random walks, tools used for their analysis, and current research on their applications. The authors present the material in a self-contained manner, providing strong motivation …

This book examines Swedish influences in the history of economics. Knut Wicksell (1851-1926) can be regarded as the founder of modern monetary macroeconomics. His work has significantly influenced both economic theory and the monetary policy of …

This book explains the concerted efforts being implemented to promote environmentally and socially responsible practices within Africa's finance and insurance sectors.

Sustainable development has emerged as a crucial policy area and an ongoing …

This book sets out a new framework and methodology for the measuring and monitoring of absolute poverty in the European Union. A comparative needs-based analysis of poverty is presented that allows for cross-country examination. By comparing …

This book challenges traditional notions and offers a new perspectives on the nature, role and use of money. It offers analyses and proposals aimed at reshaping our comprehension of money, its genesis, and its pivotal role within the economy (in …

Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

An estimated 75% of the infrastructure that societies will depend on in 2050 does not yet exist, reflecting $139 trillion of investment over the next quarter century. Conventional wisdom regards these forthcoming water networks, roads, energy …

“The essence of a hedging contract is a coincident purchase and sale in two markets which are expected to behave in such a way that any loss realized in one will be offset by an equivalent gain in the other. If such behavior follows a perfect hedge h

Historical and recent developments at international ?nancial markets show that it is easy to loose money, while it is dif?cult to predict future developments and op- mize decision-making towards maximizing returns and minimizing risk. One of the reas

The labor markets of important OECD countries show a similar picture: high wages and low unemployment for skilled workers and low wages but high unemployment for low-skilled workers. During the last 10 years this fact has been studied under the hy

Recently economists have more and more focussed on scenarios in which agents' views of the world may be erroneous.

These notes introduce the concept of perfect forecasting rules which provide best least-squares predictions along the evoluti

This book discusses the role of diversity and equity in accounting, management control, governance, and auditing. These issues are increasingly relevant in both national and international debates. The volume analyzes recent literature and examines …

Stochastic control is one of the methods being used to find optimal decision-making strategies in fields such as operations research and mathematical finance. This book provides a systematic treatment of optimal control methods applied to problems

to Stochastic Calculus for Finance A New Didactic Approach With 6 Figures 123 Prof. Dr. Dieter Sondermann Department of Economics University of Bonn Adenauer Allee 24 53113 Bonn, Germany E-mail: sondermann@uni-bonn. de ISBN-10 3-540-34836-0 Springer

This book explores the application of ESG (Environmental, Social, Governance) factors in banking credit. What makes this research particularly unique is its empirical analysis of how ESG factors impact the cost of debt for companies, which …

Increasing efficiency in generating national income and improving equity in its distribution among economic agents is at the forefront of priorities of most modern economies. This book presents a model which aims to maximize a symmetrical welfare fun

This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subj

This open access book covers the most cutting-edge and hot research topics and fields of post-quantum cryptography. The main purpose of this book is to focus on the computational complexity theory of lattice ciphers, especially the reduction …

This open access book systematically explores the statistical characteristics of cryptographic systems, the computational complexity theory of cryptographic algorithms and the mathematical principles behind various encryption and decryption …

Despite the success of policymakers and the European Central Bank in calming down financial markets since the summer of 2012, European leaders are still facing formidable challenges in making the single currency work in a complex environment. This

Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries.

A theoretical discussion of different pension reforms

This book examines several contemporary issues which are shaping corporate governance in the banking sector. These issues have been evolving over the past decade and even more so since the Global Financial Crisis (GFC, 2007-09) revealed many …

This open access book is a groundbreaking exploration of systemic risk in modern financial systems. Through its theoretical and empirical investigations, it reveals the multidimensionality of systemic risk, the transmission channels of crises, and …

This open access book identifies and analyses problems of text production in finance from three complementary perspectives: problem identification, problem analysis, and problem solution. By doing so, it explains why solving these problems in …

1.1 Problem Statement and Research Question Active loan portfolio management is becoming more and more imp- tant. In the year 2004, European banks sold credits worth EUR 249 billion. Big deals were made by the German banks Hypo Real Estate (EUR 3.6 b

The book describes the main directions for the development of the digital society. The author angles its book to those who are interested to know what would replace search engines, and how social networks would evolve; what profit can be made of diff

Large deviation estimates have proved to be the crucial tool required to handle many questions in statistics, engineering, statistial mechanics, and applied probability. Amir Dembo and Ofer Zeitouni, two of the leading researchers in the field, pr

This second edition sees the light three years after the first one: too short a time to feel seriously concerned to redesign the entire book, but sufficient to be challenged by the prospect of sharpening our investigation on the working of econometri

This proceedings book is the 34th issue of the Springer’s series Eurasian Studies in Business and Economics, which is the official book series of the Eurasia Business and Economics Society. This book includes selected papers presented at the 47th …

This volume reviews the theory and simulation methods of stochastic kinetics by integrating historical and recent perspectives, presents applications, mostly in the context of systems biology and also in combustion theory. In recent years, due to the

Counterfeit products represent a growing problem for a wide range of industries. There are many estimates of the size of this problem most of which coalesce around $500-billion annually on a global basis. Overall, a wide range of industries agree

We would like to thank Akos Valentinyi and Mark Schaffer for their advice on various stages of this research project. We also would like to thank our col­ leagues at the Department of Economics of the University of Milan - Bicocca for their advice an