LoveReading

Becoming a member of the LoveReading community is free.

No catches, no fine print just unadulterated book loving, with your favourite books saved to your own digital bookshelf.

New members get entered into our monthly draw to win £100 to spend in your local bookshop Plus lots lots more…

Find out more

Investment & securities

See below for a selection of the latest books from Investment & securities category. Presented with a red border are the Investment & securities books that have been lovingly read and reviewed by the experts at Lovereading. With expert reading recommendations made by people with a passion for books and some unique features Lovereading will help you find great Investment & securities books and those from many more genres to read that will keep you inspired and entertained. And it's all free!

Recent Research in Financial Modelling

Recent Research in Financial Modelling

Author: E.J. Stokking Format: Paperback / softback Release Date: 27/05/1993

The book contains a selection of recently revised papers that have initiallybeen presented at two different meetings of the EURO Working Group on Financial Modelling. The papers related to the microstructure of capital markets provide evidence that the price dynamics of financial assets can on- ly be explained - and modelled - on the basis of a careful examination of the decision process which leads traders to interact and fix the equilibrium prices. The papers by Pec- cati, Luciano, Ferrari and Cornaglia belong to this catego- ry, and help considerably unterstand the performance of mar- kets which are relatively far from perfection (owing to thinness, frictions, taxation and the like). This is indeed the case for some European Exchanges. The very foundations of quantitative financial analysis have been discussed in the contributions of Luciano, Canestrelli, Uberti and Van der Meulen. The classical - although recent - advances on the pricing of derivative securities have been analyzed and applied by Kremer, Hallerbach and Jensen/Niel- son, thus demonstrating that established theories still pro- vide space for a deeper investigation. Another major topic of interest relates to empirical studies about how markets behave with respect to theoretical models. In this respect, the contributions of Viren, Bradfield and Wilkie/Pollock are quite significant. They present evidence based on real data discussed in the light of advanced stati- stical techniques. It is apparent that Corporate Finance and Capital Markets are becoming more and more related and in- teractingwith each other.

Beyond the Wall Germany's Road to Unification

Beyond the Wall Germany's Road to Unification

Author: Elizabeth Pond Format: Hardback Release Date: 01/05/1993

Beyond the Wall is the first book, in either English or German, to tell the whole story of the extraordinary revolution that demolished the Berlin Wall, ended the Cold war, and tore apart the Soviet regime. Elizabeth Pond, former Moscow and European correspondent for the Christian Science Monitor, was an eyewitness to the dramatic events of 1989-92 and to the fifteen years of relations between Germany and Eastern Europe leading up to them. Pond weaves together in riveting prose the strands of events that are usually recounted separately. Rather than looking just at the East German revolt or the process of unification that created a new nation, she traces the interaction of these events and their diplomatic consequences for Europe. Pond shows the political, economic, and social forces at work--leading up to the unification, during the transition process, and in the aftermath. Looking at the European framework, she explains how significantly the European Community and its move toward integration both affected and were affected by German unification. The book contains a wealth of new information form hundreds of interviews with top German and American policymakers, East German Politburo members and average German citizens. It also incorporates up-to-date research on such topics as the Stasi secret police and the midlife crisis of the German left. Pond concludes with an assessment of the roles of the United States and a unified Germany in the new Europe. Calling for a continued partnership between the United States and Germany, who have come through a common baptism of fire since the fall of the Berlin Wall, Pond casts an optimistic eye toward the future.

Understanding Interest Rate Swaps

Understanding Interest Rate Swaps

Author: Mary Ludwig Format: Hardback Release Date: 01/04/1993

Interest rate swaps - used globally by both corporate finance departments and investment firms to control interest payments, manage debt, and enhance investment portfolios - constitute a growing $1.9 trillion market. Now, financial personnel, swap traders, corporate treasurers, and professional cash managers can turn to this clear, authoritative guide to master all the methodologies used in the international swap market. Written for anyone whose work is touched by swap market activity, the guide uses diagramming techniques to first explain what swaps are, and how and why they are traded. It then addresses more sophisticated financial transactions, such as rate setting, analysis of swap desks, market-to-market, speculating, and financial statements. Readers will find detailed coverage of more than two dozen derivative products, including spreadlocks, swaptions, caps, and flows, and learn how swap trading works in foreign currencies and interest rates. Critical light is also shed on questions regulators are currently raising about the security and future of the swaps markets.

Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management

Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management

Author: Alexander Elder Format: Paperback / softback Release Date: 08/03/1993

Trading for a Living Successful trading is based on three Ma s: Mind, Method, and Money. Trading for a Living helps you master all of those three areas: aeo How to become a cool, calm, and collected trader aeo How to profit from reading the behavior of the market crowd aeo How to use a computer to find good trades aeo How to develop a powerful trading system aeo How to find the trades with the best odds of success aeo How to find entry and exit points, set stops, and take profits Trading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game. To help you profit even more from the ideas in Trading for a Living, look for the companion volume----Study Guide for Trading for a Living. It asks over 200 multiple--choice questions, with answers and 11 rating scales for sharpening your trading skills. For example: Question Markets rise when aeo there are more buyers than sellers aeo buyers are more aggressive than sellers aeo sellers are afraid and demand a premium aeo more shares or contracts are bought than sold aeo I and II aeo II and III aeo II and IV aeo III and IV Answer B. II and III. Every change in price reflects what happens in the battle between bulls and bears. Markets rise when bulls feel more strongly than bears. They rally when buyers are confident and sellers demand a premium for participating in the game that is going against them. There is a buyer and a seller behind every transaction. The number of stocks or futures bought and sold is equal by definition.

Foreign Investment and Privatization in Eastern Europe

Foreign Investment and Privatization in Eastern Europe

Author: Patrick F. R. Artisien Format: Hardback Release Date: 01/03/1993

'Written in a clear and straightforward style, and well grounded in succinct and pertinent analysis...It will prove a boon to students and practitioners alike as moves proceed towards European integration.' - British Book News This volume identifies and analyses the extent to which the countries of Central and Eastern Europe are likely to attract inward foreign direct investment (FDI) to the turn of the century. Although these countries have been growing recipients of FDI, Western multinationals remain cautious and are slow to commit large investment sums. The book covers the contextual and thematic aspects of FDI as well as empirical country studies (including the Commonwealth of Independent States, Hungary, Poland and Slovenia) which address the legal environment for FDI, its magnitude and motives and industrial breakdown. The final section discusses the potential for closer economic and political integration in Europe.

Grain Futures Contracts: An Economic Appraisal

Grain Futures Contracts: An Economic Appraisal

Author: S. Craig Pirrong, Roger C. Kormendi Format: Hardback Release Date: 01/03/1993

This study is an independent scholarly analysis of the economics of the grain futures contracts of the Chicago Board of Trade. The study was made possible by a research grant to the MidAmerica Institute from the Chicago Board of Trade, and we gratefully acknowledge this financial support, as well as the information and vast body of experience made available to us by the Division of Economic Analysis and members of the Exchange. Several other organizations also provided invaluable help from the inception of this study through the full process, either in the form of information, or through discussion: the Commodity Futures Trading Commission, the U.S. Department of Agriculture, the National Grain and Feed Association, the American Soybean Association, the Senate Committee on Agriculture, Nutrition and Forestry, the House Committee on Agriculture, the General Accounting Office, and the Center for the Study of Futures and Options Markets at Virginia Polytechnic and State University. We express our thanks. The primary authors wish to extend a special word of apprecia tion to Michael Brennan, Merton Miller, Richard Roll, Hans Stoll and Lester Telser, who served as members of the Resource Panel for the study. While key strengths of the study reflect their input, ultimate responsibility for the analysis rests with the primary authors.

Monetary Policy and Investment Opportunities

Monetary Policy and Investment Opportunities

Author: Laura S. Nowak Format: Hardback Release Date: 30/01/1993

Federal Reserve monetary policy has a profound effect on the U.S. economy and consequently on investments. This unique book combines the institutional approach to monetary policy with the theories and principles involved in applying that knowledge to investing. Although there are many books on the Federal Reserve and a myriad of books on investing, this synthesis of institutional, theoretical, and practical applications is unique to the marketplace. In part I, Laura Nowak reviews the political origins of the Federal Reserve and follows its growth into the powerful arbiter of U.S. economic policy today. The actual conduct and effects of monetary policy are then explained with an eye toward identifying changes in policy that can be applied to the investment world. In part II, the effects of monetary policies on stock and bond markets and on particular industires are discussed, followed by a description of the investment instruments that will be impacted by different policies. In conclusion, Nowak offers a chapter of suggestions for hedging against changes in monetary policy and another chapter describing the tools that can be used for this purpose. The book will be useful to investment professionals who are intimately involved in their own specialty but who want and need to understand how the system works so they can improve their performance and advise their clients with more knowledge and authority.

The Double Auction Market Institutions, Theories, And Evidence

The Double Auction Market Institutions, Theories, And Evidence

Author: Daniel Friedman, John Rust Format: Paperback / softback Release Date: 01/01/1993

This book focuses on markets organized as double auctions in which both buyers and sellers can submit bids and asks for standardized units of well-defined commodities and securities. It examines evidence from the laboratory and computer simulations.

OTC Markets in Derivative Instruments

OTC Markets in Derivative Instruments

Author: Nick Cavalla Format: Paperback / softback Release Date: 18/12/1992

To date, most academic and practical texts have concentrated on the exchange-traded markets and focused on the nature and price characteristics of the various listed instruments. By contrast, OTC Markets in Derivative Instruments deals in detail with the complexities of the over-the-counter markets - extending a description of the core products to a discussion of real world applications and risks. Regulatory, accounting and tax issues are also covered. Contributors include Bankers Trust, BZW, GNI, Goldman Sachs, J.P. Morgan, Natwest Futures, Midland Montagu and Mitsubishi.

Aggregation Aggregate Production Functions and Related Topics: Collected Papers of Franklin M. Fisher

Aggregation Aggregate Production Functions and Related Topics: Collected Papers of Franklin M. Fisher

Author: Franklin M. Fisher Format: Paperback / softback Release Date: 16/12/1992

Aggregation lies at the heart of macroeconomics. Economists using such aggregates as capital, investment, labor, and even output or GNP assume that such constructions have a sound analytic foundation. The question of the existence of aggregate production functions is not only part of the foundation of macroeconomic theory and policy but also played a central role in the Cambridge vs. Cambridge debate, which challenged long-held assumptions about the foundations of neoclassical microeconomics. In this third collection of his essays Franklin M. Fisher settles the question of the conditions for the existence of aggregate production functions. He examines the conditions for approximate aggregation and, through simulation experiments, considers why aggregate production functions appear to work in practice. He also explores related topics involving price aggregation and aggregation in international trade.

Property Investment Decisions A quantitative approach

Property Investment Decisions A quantitative approach

Author: Stephen Hargitay, S-M Yu Format: Paperback / softback Release Date: 26/11/1992

The importance of property as an investment medium continues to grow. Investors in property or those involved with the provision of expert advice to investors have had to improve the effectiveness and efficiency of their decision making. The aim of this book is to lay down the theoretical foundations of investment decision making, incorporating the techniques and procedures of modern management science, so that particular decisions regarding property investment can be made efficiently and rationally.

A Contrarian Strategy for Growth Stock Investing Theoretical Foundations and Empirical Evidence

A Contrarian Strategy for Growth Stock Investing Theoretical Foundations and Empirical Evidence

Author: Donald J. Peters Format: Hardback Release Date: 18/11/1992

Relatively few academics or practitioners have systematically explored growth stocks. Growth stocks usually involve exciting companies whose sales and earnings are growing significantly faster than other companies and the economy in general. This book finds that high expectation growth stocks or the ones that everyone loves have poor relative returns. Low expectation growth stocks, however, have strong performance. The author uses the PE/GROWTH ratio to rank the market's expectations for these stocks. The book shows how investors may be able to ascertain whether the interests of a public company's management are aligned with those of shareholders. Sophisticated and institutional investors will find the book's thorough analysis and insightful perspective on growth stocks very informative. The short-term mean reverting aspects of growth stocks are uncovered, and other market microstructure anomalies are discussed. The work addresses practical trading ideas and the need for diversification. Ideal as supplemental reading for courses in investment management and finance, this book examines the components of trading costs and presents arguments for a patient trading style.