Foreword -- Preface -- Acknowledgements -- Contents -- Part I: General Approaches to Ratings -- Chapter 1: Ratings as Tools of Informational Transparency -- 1.1 Evolution of the Understanding of Rating -- 1.1.1 What Is Success and Successfulness? -- 1.1.2 How Can Success Be Measured? -- 1.1.3 So...

Preface -- Eurasia Business and Economics Society -- Contents -- List of Contributors -- Part I: Banking and Finance -- Estimation of Efficiency Change in the Czech Banking Sector Employing the Window Malmquist Approach -- 1 Introduction -- 2 Literature Review -- 3 Methodology and Data -- 3.1...

The turbulence of the stock market and the housing market in the early years of the 21st century have demonstrated the dangers of tying society too closely to financial markets. Managed by the Markets provides a guide to how we got here and unpacks the consequences of linking the well-being of...

Intro -- Contents -- I. INTRODUCTION -- II. EXPOSURE TO LONG- TERM U. S. SECURITIES -- A. Foreign Positions in U.S. Securities in 2004 -- B. Impact of Declines in the Dollar and U.S. Asset Prices -- C. Evolution of Exposure: 1994 to 2004 -- D. Exposure to Dollar Bonds Issued by Third Countries...

Cover -- Title -- Copyright -- Contents -- Preface -- Table of cases -- Abbreviations -- 1 Introduction -- The increasing appetite for capital markets in developing economies -- The role of capital markets -- Capital markets and African economic growth -- Aims of the research -- Research design...

Sources and effectiveness of financial development : what we know and what we need to know / Svetlana Andrianova and Panicos Demetriades -- The poverty-macroeconomic policy nexus : some short-run analytics / George Mavrotas and S. Mansoob Murshed -- Finance and poverty in Ethiopia : a...

Robert Shiller has created a unique and authoritative set of proposals for establishing new markets for the management of the biggest economic risks faced by governments. He argues that we have largely the wrong financial markets and that establishing new ones may fundamentally alter and...

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk...

Key Features:Studies the key role of bank lending as possible triggers of financial crisesExamines whether the risk implied by VAR measures is adequately priced in equity returns of financial institutionsProvides comparative case study on international Joint Ventures and the value creation...

Since the 1990s, the financial systems in developing and developed countries have gained in soundness, depth, and diversity, prompted in part by a series of financial sector and macroeconomic reforms aimed at fostering a market-driven economy in which finance plays a central role. Latin America...