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Managing Risk in the Foreign Exchange, Money and Derivative Markets
Heinz Riehl Manufacturer: McGraw-Hill ProductGroup: Book Binding: Hardcover ASIN: 0070526737 |
Book Description
A professional's guide to controlling risk when investing in the foreign exchange and money markets. Particular emphasis on the use of derivatives. The book offers a unique perspective combining coverage of all three areas.
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Catastrophe Modeling:: A New Approach to Managing Risk (Huebner International Series on Risk, Insurance and Economic Security)
Manufacturer: Springer ProductGroup: Book Binding: Paperback Similar Items:
Accessories:
ASIN: 0387241051 |
Book Description
Catastrophe Modeling: A New Approach to Managing Risk is the first book that systematically analyzes how catastrophe models can be used for assessing and managing risks of extreme events. It focuses on natural disaster risk, but also discusses the management of terrorism risk. A unique feature of this book is the involvement of three leading catastrophe modeling firms, AIR Worldwide, EQECAT, and Risk Management Solutions, who examine the role of catastrophe modeling in rate setting, portfolio management and risk financing.
Using data from three model cities (Oakland, CA, Long Beach, CA and Miami/Dade County, FLA), experts from the Wharton School of the University of Pennsylvania examine the role of catastrophe modeling to develop risk management strategies for reducing and spreading the losses from future disasters. Given the uncertainties associated with terrorism the book points out the opportunities for utilizing catastrophe models to set insurance rates and to examine public-private partnerships for providing financial assistance in the event of a terrorist attack.
"This book fills a critical need in setting forth the role of modern risk analysis in managing catastrophe risk. There is no comparable reference work for this important subject area. The book is well written and well organized. It contains contributions from many of the most distinguished experts in the fields of risk analysis and risk management. It strikes a good balance between the technical aspects of the subject and the practical aspects of decision making."
"This book is strongly recommended for individuals who must make decisions regarding the management of impacts of catastrophe risks including those in both the public and private sector."
Wilfred D. Iwan
Professor of Applied Mechanics, Emeritus
Director, Earthquake Engineering Research Laboratory
California Institute of Technology
"The authors have captured the essence of catastrophe modeling: its value, its utility and its limitations. Every practitioner in the catastrophe risk field should read this book."
Franklin W. Nutter, President
Reinsurance Association of America
Customer Reviews:
Disaster insurance rate determination (guessing or otherwise).......2005-08-11
Catastrophe Modeling: A New Approach to Managing Risk .......2005-07-24
Excellent!.......2005-04-03
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Managing Global Financial and Foreign Exchange Rate Risk
Ghassem A. Homaifar Manufacturer: Wiley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0471281158 |
Book Description
A comprehensive guide to managing global financial riskFrom the balance of payment exposure to foreign exchange and interest rate risk, to credit derivatives and other exotic options, futures, and swaps for mitigating and transferring risk, this book provides a simple yet comprehensive analysis of complex derivatives pricing and their application in risk management. The risk posed by foreign exchange transactions stems from the volatility of the exchange rate, the volatility of the interest rates, and factors unique to individual companies which are interrelated. To protect and hedge against adverse currency and interest rate changes, multinational corporations need to take concrete steps for mitigating these risks.
Managing Global Financial and Foreign Exchange Rate Risk offers a thorough treatment of price, foreign currency, and interest rate risk management practices of multinational corporations in a dynamic global economy. It lays out the pros and cons of various hedging instruments, as well as the economic cost benefit analysis of alternative hedging vehicles. Written in a detailed yet user–friendly manner, this resource provides treasurers and other financial managers with the tools they need to manage their various exposures to credit, price, and foreign exchange risk.
Managing Global Financial and Foreign Exchange Rate Risk covers various swaps in this geometrically growing field with notional principal in excess of $120 trillion. From caplet and corridors to call and put swaptions this book covers the micro structure of the swaps, options, futures, and foreign exchange markets. From credit default swap and transfer and convertibility options to asset swap switch and weather derivatives this book illustrates their simple pricing and application. To show real-world examples, each chapter includes a case study highlighting a specific problem, as well as a set of steps to solve it. Numerous charts accompanied with actual Wall Street figures provide the reader with the opportunity to comprehend and appreciate the role and function of derivatives, which are often misunderstood in the financial market.
This detailed resource will guide the individual, government and multinational corporations safely through the maze of various exposures. A must-read for treasures, controllers, money mangers, portfolio managers, security analyst and academics, Managing Global Financial and Foreign Exchange Rate Risk represents an important collection of up-to-date risk management solutions.
Ghassem A. Homaifar is a professor of financial economics at Middle Tennessee State University. He has Master of Science in Industrial Management from State University of New York at Stony Brook and PhD in Finance from University of Alabama in 1982. He is the author of numerous articles that have appeared in the Journal of Risk and Insurance, Journal of Business Finance and Accounting, Weltwirtschsftliches Archiv Review of World Economics, Advances in Futures and Options Research,Applied Financial Economics, Applied Economics, International Economics, and Global Finance Journal.
Download Description
A comprehensive guide to managing global financial riskFrom the balance of payment exposure to foreign exchange and interest rate risk, to credit derivatives and other exotic options, futures, and swaps for mitigating and transferring risk, this book provides a simple yet comprehensive analysis of complex derivatives pricing and their application in risk management. The risk posed by foreign exchange transactions stems from the volatility of the exchange rate, the volatility of the interest rates, and factors unique to individual companies which are interrelated. To protect and hedge against adverse currency and interest rate changes, multinational corporations need to take concrete steps for mitigating these risks.
Managing Global Financial and Foreign Exchange Rate Risk offers a thorough treatment of price, foreign currency, and interest rate risk management practices of multinational corporations in a dynamic global economy. It lays out the pros and cons of various hedging instruments, as well as the economic cost benefit analysis of alternative hedging vehicles. Written in a detailed yet user–friendly manner, this resource provides treasurers and other financial managers with the tools they need to manage their various exposures to credit, price, and foreign exchange risk.
Managing Global Financial and Foreign Exchange Rate Risk covers various swaps in this geometrically growing field with notional principal in excess of $120 trillion. From caplet and corridors to call and put swaptions this book covers the micro structure of the swaps, options, futures, and foreign exchange markets.
Customer Reviews:
Excellent book.......2004-06-17
I Wish I Had This Book In Grad School.......2004-04-14
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Sticky Fingers: Managing the Global Risk of Economic Espionage
Steven Fink Manufacturer: Dearborn Trade ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0793148278 |
Book Description
Written by internationally recognized crisis management expert Steven Fink, Sticky Fingers is the first practical guide that shows companies large and small, publicly traded or privately held, how to avoid huge financial losses from economic espionage, and what to do if a company believes it has been victimized. The FBI ranks economic espionage among the greatest threats to our national security since the end of the Cold War. It costs U.S. businesses more than $250 billion a year, and no company is immune from the risks.Readers will be able to intimately follow every step behind the scenes of the landmark Avery Dennison/Four Pillars spy case and learn from the vantage points of the spy, the victimized company, the FBI, and the Justice Department prosecutors - from first suspicions to ultimate jury verdict.
Sticky Fingers also details:
* A list of the top countries that spy on U.S. businesses
* Why the biggest threat comes from within and what to do about it
* Cybercrimes - from amateur hacking to professional netspionage
* How to formulate a crisis communications plan
* Dealingor not dealingwith the FBI
Woven throughout the book, the epic lessons from the Avery Dennison/Four Pillars case - the longest and largest economic espionage case in U.S. history, and the first ever to go to trial since the passage of the landmark Economic Espionage Act - are combined with insights of other companies that have been victimized, including Lucent Technologies, Kodak, the Cleveland Clinic Foundation, MasterCard, Gillette, Bristol-Myers Squibb, PPG Industries, and many others. Companies can fight back to reduce their risk, using the clear, pragmatic crisis management strategies outlined in this book.
Customer Reviews:
This Book is a Winner!!!.......2003-07-01
In the case involving Avery Dennison (the label and adhesives maker), Fink provides a detailed look at what caused a highly respected scientist at Avery Dennison to sell his company's trade secrets to a foreign competitor, namely Four Pillars of Taiwan. The ensuing court trial makes for interesting reading.
Using the example of Eastman Kodak and one of its former employees, Fink again discusses the motivation behind selling one's former employers' trade secrets for personal gain. This human element, which Fink writes about with great ease and clarity, is often overlooked in other books on economic and industrial espionage.
The chapter on the Economic Espionage Act of 1996 and the types of information worth protecting should be 'must reads' for every business manager. I would like to have seen another chapter on methods that companies can use to protect their trade secrets.
All in all, a solid book that provides useful information in an easy to read format.
Mark Robinson, author of "Beyond Competitive Intelligence: The Practice of CounterIntelligence and Trade Secrets Protection."
Packed with Knowledge!.......2002-07-16
The Global Cookie Jar.......2002-03-29
Recent research studies have dentified issues of greatest concern to senior-level executives, following September 11th. The top five are mail processing (86%), travel (85%), protection of employees (79%), protection of infrastructure (75%), and risk assessment (71%). Obviously, there is widespread and quite legitimate concern about protecting human beings and physical property. However, as Fink eloquently explains, we must also be concerned about -- and take appropriate measures to protect -- information which is as important to the global economy as oxygen is to the human body.
As events on September 11th clearly indicate, even a country with resources such as those possessed by the United States cannot totally defend itself and its people against terrorists acts. However, because the U.S.A. remains the world leader in research, development, new technology, products, and trade secrets, organizations within the U.S.A. are high-profile targets and "economic espionage spies are still going to come after [them] and that only increases [the] global risk of economic espionage." As previously indicated, Fink's book examines the nature and extent of that potential risk, suggesting all manner of strategies and tactics to anticipate and then prepare for, as well as respond to, economic espionage because it is "a business crisis and should be treated as such."
Fink asserts that "Companies are under attack and at enormous risk every day. from the global threat of economic espionage, but the risk can and should be lowered and managed. Here's how." He organizes his material within two Sections and presents it in 29 interrelated chapters, followed by an Afterword in which he addresses the question, "EEA: Bear Trap or Mouse Trap?" To explain "here's how", he uses the largest economic espionage case ever tried in the United States -- Avery Dennison/Four Pillars -- from his vantage point as the lead crisis management expert for Avery Dennison. Fink guides his reader step-by-step through that seminal case, also also citing along the way relevant situations in other companies such as Bristol-Myers Squibb, Gillette, Kodak, Lucent Technologies, and MasterCard.
Who will derive the greatest benefit from this book? Obviously decision-makers in global organizations. Also service providers to those organizations (e.g. attorneys, accountants, insurance underwriters, management consultants) as well as officials in governmental agencies who are directly or indirectly involved in economic espionage threats as well as acts. I also highly recommend Fink's previous book, Crisis Management, first published in 1986 but more relevant today than ever before. America is at greatest risk because it has the most worth stealing. Those with "sticky fingers" know that and so must those whose task it is to deny them.
Wish We Had Read This Book Sooner!.......2002-03-29
Here's the Reality: This book tells it like it is!.......2002-03-28
Like the author's previous book on crisis management, "Sticky Fingers" is a book that belongs on every business bookshelf. Company executives and managers would be wise to read it and learn how to prevent the theft of their valuable trade secrets...before they wind up as victimized as the hapless Avery Dennison.
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)
Robert J. Shiller Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0198294182 |
Book Description
Macro Markets puts forward a unique and authoritative set of detailed proposals for establishing new markets for the management of the biggest economic risks facing society. Our existing financial markets are seen as being inadequate in dealing with such risks and Professor Shiller suggests major new markets as solutions to the problem. Shiller argues that although some risks, such as natural disaster or temporary unemployment, are shared by society, most risks are borne by the individual and standards of living determined by luck. He investigates whether a new technology of markets could make risk-sharing possible, and shows how new contracts could be designed to hedge all manner of risks to the individual's living standards. He proposes new international markets for perpetual claims on national incomes, and on components and aggregates of national incomes, concluding that these markets may well dwarf our stock markets in their activity and significance. He also argues for new liquid international markets for residential and commercial property. Establishing such unprecedented new markets presents some important technical problems which Shiller attempts to solve with proposals for implementing futures markets on perpetual claims on incomes, and for the construction of index numbers for cash settlement of risk management contracts. These new markets could fundamentally alter and diminish international economic fluctuations, and reduce the inequality of incomes around the world.
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Managing Currency Risk Using Foreign Exchange Options (International Treasury Management Series)
Alan Hicks Manufacturer: CRC ProductGroup: Book Binding: Hardcover ASIN: 0849308739 |
Book Description
Written for the corporate treasurer or finance director, this book gives a clear perspective of how foreign exchange (FX) options are derived and a clear understanding of the benefits, cost, risks, and rewards associated with FX options strategies. The early chapters provide a gentle introduction, and the book gradually builds in complexity, covering hedging in three stages. The author illustrates his point with examples drawn from the corporate world.
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Managing International Political Risk: New Tools, Strategies and Techniques for Investors and Financial Institutions
Manufacturer: Blackwell Publishers ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 063120881X |
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Managing Currency Risk: Using Financial Derivatives
John J. Stephens Manufacturer: Wiley ProductGroup: Book Binding: Hardcover Similar Items: ASIN: 0471498866 |
Book Description
Currency fluctuations cause more financial losses to business than any other single factor. Exchange rates between one currency and another can change dramatically in a short period of time, leaving the unprepared business exposed to potentially crippling losses.Download Description
Currency fluctuations cause more financial losses to business than any other single factor. Exchange rates between one currency and another can change dramatically in a short period of time, leaving the unprepared business exposed to potentially crippling losses. Every business that trades internationally or relies on imported goods is exposed to the effects of currency fluctuations. The efficient management of this risk is essential for the survival of a company and any business that is exposed to such a risk should ensure that it is fully prepared to manage it. Aimed at senior managers within businesses, this book is a practical primer on how to reduce risk from volatility in the foreign markets.
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Managing Foreign Exchange Risk: Advanced Strategies for Global Investors, Corporations, and Financial Institutions
David F. DeRosa Manufacturer: Irwin Professional Pub ProductGroup: Book Binding: Hardcover ASIN: 0786310227 |
Book Description
Infused with actual foreign exchange market conventions and real-world numerical examples, Managing Foreign Exchange Risk contains a clear explanation of currency derivatives theory and has been updated to include sections and chapters on: Exotic currency options, specifically barriers, average rate, basket and quantos options. Currency option applications. Currency overlay management.Customer Reviews:
Fair Overview.......2000-02-04
Useful introduction........1999-06-19
Updated Second Edition.......1999-05-24
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Managing the Global Corporation: Case Studies in Strategy and Management
Jose de la Torre , Yves L. Doz , and Timothy Devinney Manufacturer: McGraw-Hill/Irwin ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 0072347988 |
Book Description
A unique and one-of-a-kind anthology! This casebook was first published as Davidson/de la Torre, Managing the Global Corporation, in 1989. It was the first modern case anthology for a graduate audience. This edition contains the broadest case collection of companies and countries available in a single anthology. A full 60% of the cases are non-U.S.based firms. Companies in Australia, Hong Kong, China, Mexico, South American, India, South Africa and Europe are featured as case studies. Many of these cases were written in connection with the authors’ own work consulting with the organization, making the information in-depth and credible.Books:
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