This book provides a comprehensive account of stochastic filtering as a modeling tool in finance and economics. It aims … to present this very important tool with a view to making it more popular among researchers in the disciplines of finance … knowledge of probability theory as well as a general mathematical aptitude.Its simple presentation of complex algorithms …

discipline of finance and economicsProblems are analyzed using real historical data, with solution steps that are clearly laid …Intro -- Contents -- Preface -- 1. Introduction: Stochastic Filtering in Finance -- 1.1 Filtering Problem -- 1 …

endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance … virtuous cycle), whereas bad finance captures part of the created wealth and, thanks to a highly technologically advanced … the wealth trap. A VUC index has been developed by us to capture the status quo of the finance-growth relationship. A …

on long-run wealth inequality. Incorporating capital management into a standard RamseyCass-Koopmans model generates … concentration in capital ownership causes a transition to an unequal steady state. Capital management introduces a novel equity …