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Criminal Law , by Gardner & Anderson (9th, Ninth Edition), by Terry M. Anderson Thomas J. Gardner

  • Sales Rank: #2303468 in Books
  • Published on: 2005
  • Binding: Hardcover

Most helpful customer reviews

0 of 0 people found the following review helpful.
A must read.
By Trowa
A great introductory textbook, a must read.

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Minggu, 15 Desember 2013

[O694.Ebook] Free Ebook Hedging Market Exposures: Identifying and Managing Market Risks, by Oleg V. Bychuk, Brian Haughey

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Hedging Market Exposures: Identifying and Managing Market Risks, by Oleg V. Bychuk, Brian Haughey

Identify and understand the risks facing your portfolio, how to quantify them, and the best tools to hedge them

This book scrutinizes the various risks confronting a portfolio, equips the reader with the tools necessary to identify and understand these risks, and discusses the best ways to hedge them.

The book does not require a specialized mathematical foundation, and so will appeal to both the generalist and specialist alike. For the generalist, who may not have a deep knowledge of mathematics, the book illustrates, through the copious use of examples, how to identify risks that can sometimes be hidden, and provides practical examples of quantifying and hedging exposures. For the specialist, the authors provide a detailed discussion of the mathematical foundations of risk management, and draw on their experience of hedging complex multi-asset class portfolios, providing practical advice and insights.

  • Provides a clear description of the risks faced by managers with equity, fixed income, commodity, credit and foreign exchange exposures
  • Elaborates methods of quantifying these risks
  • Discusses the various tools available for hedging, and how to choose optimal hedging instruments
  • Illuminates hidden risks such as counterparty, operational, human behavior and model risks, and expounds the importance and instability of model assumptions, such as market correlations, and their attendant dangers
  • Explains in clear yet effective terms the language of quantitative finance and enables a non-quantitative investment professional to communicate effectively with professional risk managers, "quants", clients and others

Providing thorough coverage of asset modeling, hedging principles, hedging instruments, and practical portfolio management, Hedging Market Exposures helps portfolio managers, bankers, transactors and finance and accounting executives understand the risks their business faces and the ways to quantify and control them.

  • Sales Rank: #983117 in Books
  • Published on: 2011-08-02
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.30" h x 1.15" w x 6.30" l, 1.15 pounds
  • Binding: Hardcover
  • 295 pages

From the Inside Flap
Hedging Market Exposures Identifying and Managing Market Risks

In Hedging Market Exposures, authors and financial industry leaders Oleg Bychuk and Brian Haughey—who through the Great Recession have successfully managed a complex highly leveraged portfolio of asset-backed securities with significant equity, fixed income, credit, and other exposures—offer a practical guide to three fundamental elements of the risk control process that have not previously received the attention they deserve—identifying, quantifying, and managing market risks.

Providing a practical, proactive plan to help you know the risks facing your portfolio, Hedging Market Exposures offers expert guidance on:

  • How to select the appropriate tools to hedge various risks

  • Learning the language of quantitative finance

  • Communicating effectively with professional risk managers and "quants''

  • Asset modeling

  • Market exposures and factor sensitivities

  • Constructing a hedge

The tasks of identifying and quantifying risks and then selecting an optimal hedge when a "perfect" one does not exist are just as important as understanding the intricacies of exotic derivative valuation, but are usually overlooked. In-depth and straightforward, Hedging Market Exposures reveals how to focus not merely on quantitative measurement of risk but also on qualitative analysis and, crucially, on risk management.

While a manager is ultimately concerned with the risks of a portfolio as a whole, the need also exists to understand the dangers associated with the underlying portfolio constituents. In the end, it is the risks of these individual securities and, especially, the interplay of these risks that shape the portfolio's risk profile. Find out how you can identify, quantify, and manage market risks in your portfolio with the dynamic hedging strategies found in Hedging Market Exposures.

From the Back Cover
Praise for Hedging Market Exposures:Identifying and Managing Market Risks

"This timely book draws on the lessons of the recent financial crisis to provide a comprehensive survey of the vast array of overt and, most importantly, hidden hazards that face investors and managers. The authors, who combine extensive industry experience with academic thoroughness, offer a practical guide on how to prepare for market turbulence by following the often challenging steps of identifying, quantifying, and, most crucially, managing risks. An indispensable read for all market participants."—Frank J. Fabozzi, Professor in the Practice of Finance, Yale School of Management, and Editor, Journal of Portfolio Management

"An essential addition to every asset manager's library, this book is an apt reminder that investment management means, above all, managing risks. The authors make this task easier by introducing a number of innovative techniques that extend and complement existing methods."—Jolanta Wysocka, CEO, Mountain Pacific Group, LLC

"This is a valuable resource for seasoned professionals and beginners alike. Methodical yet accessible, it is written by authors with broad experience in hedging various financial exposures, offering a refreshingly original perspective on handling risk and the role and use of hedging techniques. They guide the reader from identifying the major sources of risks in capital markets to a detailed explanation of the quantitative tools necessary to measure those risks, to demonstrating the practical trade-offs of actual hands-on market exposure management."—Rudi Schadt, PhD, Senior Portfolio Risk Analyst, Invesco Ltd.

"This book, by two veterans of the financial crisis, puts the reader on a fast track to understanding risk management and hedging in modern financial markets. It presents a comprehensive catalog of investment risks and a practitioner's perspective on the whys and hows of hedging those risks. The authors elucidate how the interplay of markets, regulation, financial practice, and human behavior impact the hedging decision, and enliven the discussion with examples from past risk management debacles. This is an enjoyable book and can be effective either as an introduction or as an overview."—Colm O'Cinneide, Head of Portfolio Construction, QS Investors, LLC, New York

About the Author
OLEG V. BYCHUK has eleven years of capital markets experience. This includes roles as head of Risk Management at Julius Baer Investment Management and head of Risk Management and Quantitative Research at Alternative Asset Managers. He has also held various positions at Citigroup Global Markets, OppenheimerFunds, and Deutsche Bank. Dr. Bychuk holds degrees from Columbia University (PhD) and Lomonosov Moscow State University and has published numerous articles.

BRIAN J. HAUGHEY is an Assistant Professor of Finance and Director of the Investment Center at Marist College. Previously, he headed the Mutual Fund Fee business in the Global Special Situations Group at Citigroup Global Markets. Prior to joining Citigroup, he was with Fitch Ratings.

Most helpful customer reviews

3 of 3 people found the following review helpful.
An invaluable tool for understanding risk and constructing hedges
By Manhattanite
Dr. Bychuk and Mr. Haughey's book is unique that it explains nature and interrelationship of the components that underlie portfolio risk and seamlessly progresses to illuminate the most useful and enduring aspects of quantitative analysis and effective risk management. Their real-life treatise explains and clarifies the complex without dilution and is an invaluable asset for those looking to hedge risks, understand quantitative finance, interrelate with quants and managers, understand asset modeling and market exposures, and optimize and construct hedges. It deserves reading by even the busiest finance professionals and students.

4 of 5 people found the following review helpful.
If you are making a hedging decision, this is a great book
By Morgan Downey
This book walks through the decision of why and how to hedge against volatile markets. It is written in an a style which is not too intimidating and although there are some formulas, one can pass these by if one needs to. The book is also a concise and efficient read. Overall, this is the book you should get if you or your firm are uncomfortable with unlimited exposure to interest rate, commodity, equity, FX or and other market value movements. It will provide you a logical framework for your decision making.

3 of 4 people found the following review helpful.
Timeless Value for an Intelligent Market Participant
By Wall Street Denizen
As I was reading this book I could not help feeling regret that so few
volumes on capital markets are written like this one. The authors have
accomplished that rare feat of presenting sophisticated material in an
absorbing and accessible manner without cutting intellectual corners
or sacrificing rigour.

Engaging style and readability make this book invaluable for a novice,
but a seasoned veteran will also find many useful insights and
unexpected angles, even in areas of his expertise. From personal
experience, being a long-time financial professional with a background
in mathematical sciences, I was impressed by the authors' ab ovo
explanation of mathematical derivatives; the novel concept of
Equivalent Variation Investment; the guiding principle of the Risk
Management Triad; the beautifully illustrated Scenario Grid and
Synchronised Response Matrix; and the clear but rigorous elucidation
of probability convergence.

The book offers a well-rounded guide to a practitioner, from
macroeconomic and regulatory background to practical advice on model
construction to specific hedging (and, by extension, trading)
strategies. The narrative is enlivened with real-life market charts
and 'tales from the trenches'.

Perhaps the most appealing attribute of this book is its doubtless
future endurance: Dr Bychuk and Mr Haughey deal with profound issues
which will outlast any current or future economic turbulence. Whatever
your role in the financial markets and regardless of your level of
experience you will benefit from reading this book now. But you will
also find yourself revisiting it for years to come.

A worthwhile investment in one's professional future.

See all 7 customer reviews...

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Geofluids: Developments in Microthermometry, Spectroscopy, Thermodynamics, and Stable Isotopes (Vapor-Liquid Equilibrium Data Bibliography)

Geofluids: Developments in Microthermometry, Spectroscopy, Thermodynamics, and Stable Isotopes is the definitive source on paleofluids and the migration of hydrocarbons in sedimentary basins―ideal for researchers in oil and gas exploration.

There’s been a rapid development of new non-destructive analytical methods and interdisciplinary research that makes it difficult to find a single source of content on the subject of geofluids. Geoscience researchers commonly use multiple tools to interpret geologic problems, particularly if the problems involve fluid-rock interaction. This book perfectly combines the techniques of fluid inclusion microthermometry, stable isotope analyses, and various types of spectroscopy, including Raman analysis, to contribute to a thorough approach to research. Through a practical and intuitive step-by-step approach, the authors explain sample preparation, measurements, and the interpretation and analysis of data related to thermodynamics and mineral-fluid equilibria.

  • Features working examples in each chapter with step-by-step explanations and calculations
  • Broad range of case studies aid  the analytical and experimental data
  • Includes appendices with equations of state, stable isotope fractionation equations, and Raman identification tables that aid in identification of fluid inclusion minerals
  • Authored by a team of expert scientists who have more than 60 years of related experience in the field and classroom combined

  • Sales Rank: #2642316 in Books
  • Published on: 2015-06-02
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.10" h x 1.00" w x 7.50" l, 2.65 pounds
  • Binding: Paperback
  • 504 pages

About the Author
Vratislav Hurai obtained his master's degree in mineralogy, geochemistry and economic geology (1979), his PhD. (1989), and his Habilitation (2003) at Comenius University in Bratislava, where he worked in 1980-1994 and 2001-2006 in various full-time positions and till 2012 under part-time contracts. In 1994-2000, he joined the Laboratory of Isotope Geology at the Geological Survey of Slovak Republic in Bratislava. Since 2006, he is a senior researcher at the Geological Institute of Slovak Academy of Sciences, where he received his DrSc. degree in 2009. In 1990-1991 and 1996 he was a post-doctoral research fellow of the Alexander von Humboldt Foundation at the Georg-August University of Göttingen in Germany. While being assistant and associate professor at the Department of Mineralogy and Petrology of Comenius University, he taught courses on Isotope Geology, Genetic Mineralogy, Fluids in Geological Processes, Heavy and Accessory Minerals. Since his university studies, Hurai is engaged in the study of fluids in all geologic environments, including siderite, magnesite and polymetallic deposits, hydrocarbon prospects, deep mantle and crust, and high-grade metamorphic rocks. Hurai is author or co-author of 43 research articles published in impacted SCI journals.

Monika Huraiová received her master's degree in petrology (1989), her PhD. (2000), and her Habilitation (2004) at Comenius University in Bratislava, when she has been working at the Department of Mineralogy and Petrology up to present. She has been teaching courses on Optical Mineralogy, Fluid inclusion microthermometry, Applied Thermodynamics, Petrology of Magmatic Rocks, and Stable Isotopes. In 1998 she joined for 5 months the GeoforschungsZentrum in Potsdam, Germany, as a post-doctoral research fellow of the Deutsche Akademische Austauschdienst, where she worked together with R. Thomas on fluid and melt inclusions in xenoliths in alkali basalts.

Marek Slobodník received his master's degree (1981), PhD (1990) and habilitation (2001) at the Masaryk University in Brno, Czech republic. He spent 8 months at the Katholieke Universiteit in Leuven, Belgium, where he studied fluid flows in sedimentary basins within the scope of postdoctoral sholarship funded by a bilateral cultural agreement between Czech Republic and Belgium. Since 90’s he has been investigating fluids in various geological environments and mineral deposits of European Variscides. He applied fluid inclusion methods in investigation of provenance of rock and crystal artefacts with the focus on the Central European region in the last decade. He is currently a head of geofluid lab at the Institute of Geological Sciences of the Masaryk University.

Rainer Thomas received his master's degree in mineralogy, his PhD., and his Habilitation at Freiberg University of Mining and Technology (Germany). He worked in the semiconductor industry from 1969 to 1988, where he carried out research on crystal growth by chemical transport reactions, developed polishing technologies for silicon wafers, and performed X-ray studies on crystals using single- and double-crystal topographic techniques and multiple-diffraction measurements. He was head of the X-ray fine structure laboratory for 15 years while in the semiconductor industry. Dr. Thomas began work as a research scientist in 1988 at the Central Institute of Physics of the Earth in Potsdam, and then joined the GeoForschungsZentrum Potsdam in 1992, where he remained until his retirement in 2007. Throughout his career, Dr. Thomas has studied all aspects of fluid and melt inclusions in minerals and has used Raman microspectrometry for the characterization of inclusions and other geomaterials. He is also recognized for developing a Raman spectroscopic method for measuring trace to major amounts of water in glasses and melt inclusions. A main focus of his research has been the genesis of pegmatites using melt and fluid inclusions. In 2009, he was awarded the Hawley medal from the Mineralogical Association of Canada as co-author of a research article published in the Canadian Journal of Mineralogy. Thomas is author or co-author of more than 80 articles published in impacted SCI journals.

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  • Sales Rank: #1364122 in eBooks
  • Published on: 2016-04-04
  • Released on: 2016-04-04
  • Format: Kindle eBook

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Cyberspace is one of the major bases of the economic development of industrialized societies and developing. The dependence of modern society in this technological area is also one of its vulnerabilities. Cyberspace allows new power policy and strategy, broadens the scope of the actors of the conflict by offering to both state and non-state new weapons, new ways of offensive and defensive operations.

This book deals with the concept of "information war", covering its development over the last two decades and seeks to answer the following questions: is the control of the information space really possible remains or she a utopia? What power would confer such control, what are the benefits?

 

  • Sales Rank: #7671324 in Books
  • Published on: 2016-02-15
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.50" h x 1.00" w x 6.50" l, .0 pounds
  • Binding: Hardcover
  • 352 pages

About the Author
Daniel Ventre is an engineer for CNRS, a researcher for CESDIP (Centre de recherches sociologiques sur le droit et les institutions pénales), and in charge of courses at Télécom ParisTech and at the ESSEC Business School. He is the author of a number of articles and works, in France and abroad, on the themes of cyberwar, information warfare, cyberconflict, cybersecurity and cyberdefense.

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2 of 3 people found the following review helpful.
howler of a wrong claim
By W Boudville
Ventre looks at the national policies for information warfare for the US, China, Japan, India, Russia and, some surprisingly perhaps, Singapore. For each nation, he summarises position papers put out by the government, and supplies some analysis and reactions. The most interesting might be for China. We see how China has taken an increasingly confident role in devising strategies and tactics that integrate information warfare techniques with their traditional military. This has been perceived by US analysts as directed against the US in a possible future conflict. All this is given against the backdrop of the 1st Gulf War, where the US military overcame a large Iraqi army in no small part by decisive advantages in the use of information on the battlefield. China took note of the American methods, and realised that it needed to modernise its defense apparatus.

Unfortunately the book is marred by a spectacular howler. In the second page of the first chapter, it quotes from a 1994 book by Schwartau, Information Warfare: Second Edition, "The United States is the target of economic and industrial espionage ... from Japan (which has almost destroyed the American information technology industry in Silicon Valley)" ??? Say what?? That claim was so amazingly wrong, both at the time and now, 15 years later. Silicon Valley would grow amazingly in the 90s, during the dot com boom. The entire dot com boom was started with the invention of the Web and the browser, in 1991-2. Innovations spewed out of Silicon Valley that epitomised the Web. The free browsers. The online auctions (nee. eBay), online bookstores (Amazon), online payments (Paypal), search engines (Yahoo, Google). None of these were Japanese. With the benefit of hindsight, Schwartau's claim was starkly wrong.

But even in 1994, his claim was questionable. At the time, Japan was several years into a recession that started in 1989. Its IT companies took heavy losses, as did US companies like IBM in the early 90s. To blithely assert as Schwartau does that American IT, either specifically in Silicon Valley or perhaps where that was used as a metaphor for the entire American industry, is spurious.

Now you might retort that this was not Ventre's remark. He was merely quoting another author. Yet Ventre does just that, without providing any remarks to the contrary. On the second page of the first chapter. A reader might mistakenly conflate Schwartau's opinion with the author's. Or even when not doing so, which is what I'm doing, by looking at a massively wrong claim put out with no rejoinder calls into question how well Ventre does his own analysis. The icing on this cake is that it appears at the start of the narrative. Tucked away in the middle of the book would have been one thing, and I might perhaps have let it pass. But not at the start.

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Parametricism is an avant-garde architecture and design movement that has been growing and maturing over the last 15 years, emerging as a remarkable global force. The tendency started in architecture but now encompasses all design disciplines, from urban design to fashion. In architecture, the style has an international following and is currently progressing beyond its experimental roots to make an impact on a broader scale, with practices like Zaha Hadid Architects (ZHA) winning and completing large-scale architectural projects worldwide. Parametricism implies that all elements and aspects of an architectural composition or product are parametrically malleable; and the style owes its original, unmistakable physiognomy to its unprecedented use of computational design tools and fabrication methods. All design parameters are conceived as variables that allow the design to vary and adapt to the diverse, complex and dynamic requirements of contemporary society. Although Parametricism has been talked about and hotly debated for a number of years, so far there has been no publication dedicated to Parametricism. The issue is guest-edited by Patrik Schumacher, partner at ZHA, and one of the world’s most highly renowned advocates of Parametricism.

Contributors: Philippe Block, Shajay Bhooshan, Mark Burry, Mario Carpo, Manuel DeLanda, John Frazer, Mark Foster Gage, Enriqueta Llabres and Eduardo Rico, Achim Menges, Theo Spyropoulos, Robert Stuart-Smith, Philip F Yuan.

Featured architects and designers: Arup, MARC FORNES/THEVERYMANY, Zaha Hadid Architects (ZHA) and Ross Lovegrove.

  • Sales Rank: #1505919 in Books
  • Published on: 2016-04-25
  • Original language: English
  • Dimensions: 11.20" h x .35" w x 8.30" l, .77 pounds
  • Binding: Paperback
  • 136 pages

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  • Published on: 1921
  • Binding: Paperback

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