Globalization, Gating, and Risk Finance - Hardcover

Nyambuu, Unurjargal; Tapiero, Charles S.

Hardcover

ISBN 10: 1119252652 ISBN 13: 9781119252658

Publisher: Wiley, 2018

Synopsis

An in-depth guide to global and risk finance based on financial models and data-based issues that confront global financial managers. Globalization, Gating, and Risk Finance offers perspectives on global risk finance in a world with economies in transition. Developed from lectures and research projects investigating the consequences of globalization and strategic approaches to fundamental economics and finance, it provides an approach based on financial models and data; it includes many case-study problems. The book departs from the traditional macroeconomic and financial approaches to global and strategic risk finance, where economic power and geopolitical issues are intermingled to create complex and forward-looking financial systems. Chapter coverage includes: Globalization: Economies in Collision; Data, Measurements, and Global Finance; Global Finance: Utility, Financial Consumption, and Asset Pricing; Macroeconomics, Foreign Exchange, and Global Finance; Foreign Exchange Models and Prices; Asia: Financial Environment and Risks; Financial Currency Pricing, Swaps, Derivatives, and Complete Markets; Credit Risk and International Debt; Globalization and Trade: A Changing World; and Compliance and Financial Regulation. Provides a framework for global financial and inclusive models, some of which are not commonly covered in other books. Considers risk management, utility, and utility-based multi-agent financial theories. Presents a theoretical framework to assist with a variety of problems ranging from derivatives and FX pricing to bond default to trade and strategic regulation. Provides detailed explanations and mathematical proofs to aid the readers' understanding. Globalization, Gating, and Risk Finance is appropriate as a text for graduate students of global finance, general finance, financial engineering, and international economics, and for practitioners.

About this title

Review

As we enter the third millennium, information technology by crushing the cost of communications is accelerating the globalization of manufacturing, commerce, and especially finance thereby   morphing national financial markets into one huge, efficient global marketplace for capital. Indeed, the relentless rise of the digital cyber–economy is weakening the grip of the nation–state as government policies are subjected to a continuing referendum by financial markets. And yet diehard sovereigns are holding firmly to their prerogatives of having a national currency, a national regulatory framework, and a national tax code of their own and much more.  Nyambuu and Tapiero s Globalization, Gating, and Risk Finance is a powerful recast of core international pricing models in a world of gated/segmented capital markets.  It redefined risks and opportunities in a world of incomplete financial globalization, and is a must read for savvy financiers and their apprentices in their everlasting quest of exploitable capital market abnormalities and imperfections.

Laurent Jacque, Walter B. Wriston Professor of International Finance & Banking, The Fletcher School (Tufts University)

This book represents a major contribution to our understanding of the key issues currently facing the world economy and global financial markets. It can be highly recommended as a stand–alone textbook in international finance.  It can also serve as an essential reference for both academics and practitioners interested in going beyond the standard approaches that assume market integration.  This book is unique in providing both a lucid and rigorous exposure of the complexities of risk that pervade our world, where globalization is giving way to increased nationalism and protectionism.

Lorne N. Switzer, Professor of Finance and the Van Berkom Endowed Chair in Small Cap Equities, John Molson School of Business (JMSB) at Concordia University, Montreal, Canada

 

About the Author

UNURJARGAL NYAMBUU is a Professor of Economics in the Department of Social Science, New York City College of Technology (NYCCT), The City University of New York (CUNY), Brooklyn, NY. CHARLES S. TAPIERO is the Topfer Chair Distinguished Professor of Financial Engineering and Technology Management, Department of Finance and Risk Engineering, Tandon School of Engineering, New York University (NYU), Brooklyn, NY.

About this edition

• Publisher: Wiley
• Publication date: 2018
• ISBN 10: 1119252652
• ISBN 13: 9781119252658
• Binding: Hardcover
• Edition number: 1
• Number of pages: 496