Jacob Bjorheim (28 results)

Softcover. Condition: neu. 1. Auflage. THEOS - Studienreihe Theologische Forschungsergebnisse, Band 190 120 pages. Ist das Universum lebendig? In dieser kühnen und anregenden Studie wird die antike Idee der Weltseele - anima mundi - in einen neuen Dialog mit moderner Philosophie, Theologie und Wissenschaft gebracht. Von ihren Ursprüngen bei Plato und ihrer Weiterentwicklung im Neuplatonismus bis hin zu ihrer Neubewertung durch frühchristliche Denker zeichnet dieses Werk eine faszinierende intellektuelle Reise durch Jahrhunderte des Denkens nach. Anstatt die Weltseele als Relikt vorscientifischer Kosmologie abzutun, stellt dieses Buch eine tiefere Frage: Kà nnen wir das Universum sinnvoll als ein lebendiges, relationales Ganzes verstehen - ohne Vernunft, Theologie oder Wissenschaft preiszugeben? Unter Einbeziehung so unterschiedlicher Traditionen wie der Stoa, der scholastischen Theologie und zeitgenà ssischer Ansätze wie der Gaia-Theorie, der Prozessphilosophie und des Panpsychismus untersucht der Autor sorgfältig, ob die Wirklichkeit selbst so strukturiert sein kà nnte, dass sie innerlich belebt und miteinander verbunden ist. Dabei werden grundlegende Herausforderungen aufgegriffen: Wie lässt sich ein solches Weltbild vom Pantheismus abgrenzen? Kann es mit dem Monotheismus und modernen wissenschaftlichen Erkenntnissen vereinbar sein? Und wie kà nnten wir überhaupt zu einer begründeten Erkenntnis darüber gelangen? Klar, präzise und intellektuell anspruchsvoll bietet dieses Werk eine überzeugende Neuinterpretation des Kosmos - nicht als kaltes, mechanisches System, sondern als dynamische, partizipative Ordnung, die von Bedeutung und Lebendigkeit durchdrungen ist. Ideal für Leserinnen und Leser mit Interesse an Philosophie, Theologie, Metaphysik sowie dem Dialog zwischen Wissenschaft und Spiritualität lädt dieses Buch dazu ein, eine der ältesten und faszinierendsten Ideen der Menschheit neu zu entdecken - und ihre Bedeutung für unsere Gegenwart zu überdenken.…

Softcover. Condition: neu. 1. Auflage. - in englischer Sprache - BOETHIANA - Forschungsergebnisse zur Philosophie, Band 119 326 pages. The book is a philosophical analysis of the consumption based capital asset pricing model (CCAPM), investigating in particular its epistemological and methodological foundations. Financial markets are integral parts of advanced and developing economies. They matter because they channel unspent household income into banks" savings accounts and assets such as bonds and stocks. Financial economists have traditionally taken interest in the pricing mechanism that underlies this capital allocation. The consumption based capital asset pricing model (CCAPM) is a prominent effort to describe, explain and predict such prices. It tells a story of investors" trade-off between consumption now and later and which portfolio of assets to hold. The CCAPM based narrative intuitively makes sense, and the chosen methodology involving theoretical assumption, mathematical models and empirical tests follows the professions" standards of good scientific practise. But does CCAPM"s research programme provide knowledge for use? The book seeks to answer this question in a novel way. Instead of embarking on yet another asset pricing research project, I let Philosophy of Science inform my analysis. Following a "primer? introducing essential CCAPM topics and notations, I discuss, in turn, its theoretical foundation, mathematical model, and empirical test results from a philosophy of science perspective. I find that a few fundamental principles and several auxiliary assumptions combine to develop a simplified, partial and idealized theory of investors, financial markets and assets. The model reflects and represents this theory but also makes narrow claims that are distances away from the real situations they target. Unsurprisingly, ideal model assertions fail standard statistical tests of significance. I conclude that mathematical deductive modelling rooted in orthodox, a priori based fundamental principles create ideal and fictional settings that limit their scope and portability. The development of even more granular models within this orthodox paradigm that searches for "event regularities? will not render the desired knowledge for use. The real situations are possibly too complex to be captured in simplified assumptions, ideal theories and mathematical structures. Novel methodological and ontological approaches to asset pricing are in demand. Hence, claims about tendencies in the real data might replace the current focus on point-forecasts.…

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Taschenbuch. Condition: Neu. Asset Management at Central Banks and Monetary Authorities | New Practices in Managing International Foreign Exchange Reserves | Jacob Bjorheim | Taschenbuch | xxix | Englisch | 2021 | Springer | EAN 9783030434595 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu.…

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Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - In response to the Global Financial Crisis and the COVID-19 pandemic, central banks have used all available instruments in their monetary policy tool-kit to avoid financial market disruptions and a collapse in real economic activities. These actions have expanded the size of their balance sheets and altered the composition of the asset-side. This edited book highlights how these assets are managed, providing an intellectual and practical contribution to an under-researched field of central bank responsibilities. It first reviews the sources and uses of domestic and international assets and how they complement-or possibly conflict with-the implementation of monetary policy goals. Next, the book examines the asset management mandate in a balance sheet context before turning to the investment decision-making process from strategic and tactical asset allocation to investment strategies, risk management, governance, reporting and control. Finally, it presents new developments in the field of managing assets at central banks. The individual chapters are written by central bankers, academics, and representatives from International Financial Institutions, each representing a particular aspect of the asset management practice.Practical and powerful insights from a hall of fame of investors, central bankers and scholars, are packed into this one volume. If you could have only one book on central bank asset management, this would be it. -Peter R. Fisher, Clinical Professor, Tuck School of Business at DartmouthJacob Bjorheim draws on his long experience in sovereign asset management to pull together a rich collection of insights from a broad range of expertise. Asset management at central banks has evolved and expanded considerably over the past decade. This book is a timely source of information and guidance. -Guy Debelle, Deputy Governor, Reserve Bank of AustraliaCentral bank balancesheets have grown at a tremendous pace over the last decade and a half. Drawing on contributions from scholars and experienced central bankers from around the world, this timely and insightful book sheds light on how central banks are, and should be, managing their growing balance sheets. -Kjell G. Nyborg, Chaired Professor of Finance, University of Zurich, Author of Collateral Frameworks: The Open Secret of Central BanksCentral banks and monetary authorities are charged with, and being held accountable for, managing portfolios of foreign currency assets of unprecedented size. The essays in this admirable book, written by some of the worlds most highly experienced officials, cover the full range of why and how this is currently being done and how new developments are affecting old practices. Interesting conceptually and immensely useful practically. -William White, Senior Fellow at the C.D. Howe Institute, former Head of the Monetary and Economic Department with the Bank for International Settlements (BIS) and chairman of the Economic and Development Review Committee at the OECDAn excellent and timely review of modern international reserve management, which ought to be read by everyone working with, or simply interested in, international asset management and finance as well as monetary and economic policy. The spectrum of authors is broad and their combined insight is very valuable. -Tom A. Fearnley, Investment Director, Norwegian Ministry of FinanceWith 'Asset Management at Central Banks and Monetary Authorities', Jacob Bjorheim has achieved an editorial tour de force. The book assembles the insightful views of the leading experts in the field, both from an academic and practitioners' perspective. It bridges the gap between the macroeconomics of central banks and the financial management of their reserves. A must read to understand how central banks are special in the.…

Buch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - In response to the Global Financial Crisis and the COVID-19 pandemic, central banks have used all available instruments in their monetary policy tool-kit to avoid financial market disruptions and a collapse in real economic activities. These actions have expanded the size of their balance sheets and altered the composition of the asset-side. This edited book highlights how these assets are managed, providing an intellectual and practical contribution to an under-researched field of central bank responsibilities. It first reviews the sources and uses of domestic and international assets and how they complement-or possibly conflict with-the implementation of monetary policy goals. Next, the book examines the asset management mandate in a balance sheet context before turning to the investment decision-making process from strategic and tactical asset allocation to investment strategies, risk management, governance, reporting and control. Finally, it presents new developments in the field of managing assets at central banks. The individual chapters are written by central bankers, academics, and representatives from International Financial Institutions, each representing a particular aspect of the asset management practice.Practical and powerful insights from a hall of fame of investors, central bankers and scholars, are packed into this one volume. If you could have only one book on central bank asset management, this would be it. -Peter R. Fisher, Clinical Professor, Tuck School of Business at DartmouthJacob Bjorheim draws on his long experience in sovereign asset management to pull together a rich collection of insights from a broad range of expertise. Asset management at central banks has evolved and expanded considerably over the past decade. This book is a timely source of information and guidance. -Guy Debelle, Deputy Governor, Reserve Bank of AustraliaCentral bank balancesheets have grown at a tremendous pace over the last decade and a half. Drawing on contributions from scholars and experienced central bankers from around the world, this timely and insightful book sheds light on how central banks are, and should be, managing their growing balance sheets. -Kjell G. Nyborg, Chaired Professor of Finance, University of Zurich, Author of Collateral Frameworks: The Open Secret of Central BanksCentral banks and monetary authorities are charged with, and being held accountable for, managing portfolios of foreign currency assets of unprecedented size. The essays in this admirable book, written by some of the worlds most highly experienced officials, cover the full range of why and how this is currently being done and how new developments are affecting old practices. Interesting conceptually and immensely useful practically. -William White, Senior Fellow at the C.D. Howe Institute, former Head of the Monetary and Economic Department with the Bank for International Settlements (BIS) and chairman of the Economic and Development Review Committee at the OECDAn excellent and timely review of modern international reserve management, which ought to be read by everyone working with, or simply interested in, international asset management and finance as well as monetary and economic policy. The spectrum of authors is broad and their combined insight is very valuable. -Tom A. Fearnley, Investment Director, Norwegian Ministry of FinanceWith 'Asset Management at Central Banks and Monetary Authorities', Jacob Bjorheim has achieved an editorial tour de force. The book assembles the insightful views of the leading experts in the field, both from an academic and practitioners' perspective. It bridges the gap between the macroeconomics of central banks and the financial management of their reserves. A must read to understand how central banks are special in the.…

Hardcover. Condition: Brand New. 513 pages. 9.25x6.10x1.38 inches. In Stock.

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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Systematic views of best asset management practices at central banks across the globeBrings a long-neglected central bank activity to the forefront of public and private sector interestEdited by a senior public sector professional with deep.…

Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Systematic views of best asset management practices at central banks across the globeBrings a long-neglected central bank activity to the forefront of public and private sector interestEdited by a senior public sector professional with deep insights.…

Buch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In response to the Global Financial Crisis and the COVID-19 pandemic, central banks have used all available instruments in their monetary policy tool-kit to avoid financial market disruptions and a collapse in real economic activities. These actions have expanded the size of their balance sheets and altered the composition of the asset-side. This edited book highlights how these assets are managed, providing an intellectual and practical contribution to an under-researched field of central bank responsibilities. It first reviews the sources and uses of domestic and international assets and how they complement-or possibly conflict with-the implementation of monetary policy goals. Next, the book examines the asset management mandate in a balance sheet context before turning to the investment decision-making process from strategic and tactical asset allocation to investment strategies, risk management, governance, reporting and control. Finally, it presents new developments in the field of managing assets at central banks. The individual chapters are written by central bankers, academics, and representatives from International Financial Institutions, each representing a particular aspect of the asset management practice.Practical and powerful insights from a hall of fame of investors, central bankers and scholars, are packed into this one volume. If you could have only one book on central bank asset management, this would be it. -Peter R. Fisher, Clinical Professor, Tuck School of Business at DartmouthJacob Bjorheim draws on his long experience in sovereign asset management to pull together a rich collection of insights from a broad range of expertise. Asset management at central banks has evolved and expanded considerably over the past decade. This book is a timely source of information and guidance. -Guy Debelle, Deputy Governor, Reserve Bank of AustraliaCentral bank balancesheets have grown at a tremendous pace over the last decade and a half. Drawing on contributions from scholars and experienced central bankers from around the world, this timely and insightful book sheds light on how central banks are, and should be, managing their growing balance sheets. -Kjell G. Nyborg, Chaired Professor of Finance, University of Zurich, Author of Collateral Frameworks: The Open Secret of Central BanksCentral banks and monetary authorities are charged with, and being held accountable for, managing portfolios of foreign currency assets of unprecedented size. The essays in this admirable book, written by some of the worlds most highly experienced officials, cover the full range of why and how this is currently being done and how new developments are affecting old practices. Interesting conceptually and immensely useful practically. -William White, Senior Fellow at the C.D. Howe Institute, former Head of the Monetary and Economic Department with the Bank for International Settlements (BIS) and chairman of the Economic and Development Review Committee at the OECDAn excellent and timely review of modern international reserve management, which ought to be read by everyone working with, or simply interested in, international asset management and finance as well as monetary and economic policy. The spectrum of authors is broad and their combined insight is very valuable. -Tom A. Fearnley, Investment Director, Norwegian Ministry of FinanceWith 'Asset Management at Central Banks and Monetary Authorities', Jacob Bjorheim has achieved an editorial tour de force. The book assembles the insightful views of the leading experts in the field, both from an academic and practitioners' perspective. It bridges the gap between the macroeconomics of central banks and the financial management of their reserves. A must read to understand how central banks are special in the 516 pp. Englisch.…

Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In response to the Global Financial Crisis and the COVID-19 pandemic, central banks have used all available instruments in their monetary policy tool-kit to avoid financial market disruptions and a collapse in real economic activities. These actions have expanded the size of their balance sheets and altered the composition of the asset-side. This edited book highlights how these assets are managed, providing an intellectual and practical contribution to an under-researched field of central bank responsibilities. It first reviews the sources and uses of domestic and international assets and how they complement-or possibly conflict with-the implementation of monetary policy goals. Next, the book examines the asset management mandate in a balance sheet context before turning to the investment decision-making process from strategic and tactical asset allocation to investment strategies, risk management, governance, reporting and control. Finally, it presents new developments in the field of managing assets at central banks. The individual chapters are written by central bankers, academics, and representatives from International Financial Institutions, each representing a particular aspect of the asset management practice.Practical and powerful insights from a hall of fame of investors, central bankers and scholars, are packed into this one volume. If you could have only one book on central bank asset management, this would be it. -Peter R. Fisher, Clinical Professor, Tuck School of Business at DartmouthJacob Bjorheim draws on his long experience in sovereign asset management to pull together a rich collection of insights from a broad range of expertise. Asset management at central banks has evolved and expanded considerably over the past decade. This book is a timely source of information and guidance. -Guy Debelle, Deputy Governor, Reserve Bank of AustraliaCentral bank balancesheets have grown at a tremendous pace over the last decade and a half. Drawing on contributions from scholars and experienced central bankers from around the world, this timely and insightful book sheds light on how central banks are, and should be, managing their growing balance sheets. -Kjell G. Nyborg, Chaired Professor of Finance, University of Zurich, Author of Collateral Frameworks: The Open Secret of Central BanksCentral banks and monetary authorities are charged with, and being held accountable for, managing portfolios of foreign currency assets of unprecedented size. The essays in this admirable book, written by some of the worlds most highly experienced officials, cover the full range of why and how this is currently being done and how new developments are affecting old practices. Interesting conceptually and immensely useful practically. -William White, Senior Fellow at the C.D. Howe Institute, former Head of the Monetary and Economic Department with the Bank for International Settlements (BIS) and chairman of the Economic and Development Review Committee at the OECDAn excellent and timely review of modern international reserve management, which ought to be read by everyone working with, or simply interested in, international asset management and finance as well as monetary and economic policy. The spectrum of authors is broad and their combined insight is very valuable. -Tom A. Fearnley, Investment Director, Norwegian Ministry of FinanceWith 'Asset Management at Central Banks and Monetary Authorities', Jacob Bjorheim has achieved an editorial tour de force. The book assembles the insightful views of the leading experts in the field, both from an academic and practitioners' perspective. It bridges the gap between the macroeconomics of central banks and the financial management of their reserves. A must read to understand how central banks are special in the 516 pp. Englisch.…

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Buch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Chapter 1. Asset Management at Central Banks and Monetary Authorities.- Chapter 2. Central Banks: Gatekeepers of Monetary Stability and Guardians of Public Interest.- Chapter 3. Larger Central Bank Balance Sheets: A New Normal for Monetary Policy - Chapter 4. How Countries Manage Large Central Bank Balance Sheets.- Chapter 5. Reserve Accumulation, Sovereign Debt and Exchange Rate Policy.- Chapter 6. The cost of holding foreign exchange reserves.- Chapter 7. Saudi Arabian Monetary Authority: Why do central banks hold domestic and foreign currency assets - Chapter 8. Safe assets: Made, not just born.- Chapter 9. Expansion and contraction of central bank balance sheets: Implications for commercial banks.- Chapter 10. Management of Canada's Foreign Exchange Reserves.- Chapter 11. How the Monetary Authority of Singapore (MAS) manages its assets.- Chapter 12. The South African Reserve Bank's Strategic Asset Allocation Value Chain.- Chapter 13. European Central Bank: The investment decision-making process and its governance.- Chapter 14. Reserves management at Danmarks National Bank: Combining liquidity tiers with an adaptive risk budget.- Chapter 15. The Swiss National Bank's investment decision-making process from a safe-haven currency perspective.- Chapter 16. The Strategic Asset Allocation Framework of Banco de México.- Chapter 17. Macro risk management in a commodity-dependent economy: The case of the Central Bank of Chile.- Chapter 18. Dynamic Strategic Asset Allocation at the National Bank of Belgium: Why and how to implement it in a central bank.- Chapter 19. Central Bank of Lithuania: Asset allocation in a risk parity framework.- Chapter 20. Good Governance: Principles, Pitfalls and Best Practice.- Chapter 21. Central Bank of Brazil: Investment decision-making in an integrated risk management framework.- Chapter 22. Governance, Risk Management, Reporting, and Control at the Central Bank of Columbia.- Chapter 23. Foreign exchange reserves at the National Bank of Poland: Adequacy, risk-budgets, tranching and financial implications.- Chapter 24. Central Banks as Bankers to Each Other: Overview, Trends, and Future Directions in Global Official Sector Service Provision.- Chapter 25. Modern central bank reserves management: Introduction and overview.- Chapter 26. Bank of Israel: Integrating equities into the foreign exchange reserves.- Chapter 27. Renminbi securities in portfolios of official institutions: A perspective from the Hong Kong Monetary Authority.- Chapter 28. Responsible Investment and central bank asset management.- Chapter 29. BlackRock: Reserves Management with Factors and Reference Portfolios.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 516 pp. Englisch. …

Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Chapter 1. Asset Management at Central Banks and Monetary Authorities.- Chapter 2. Central Banks: Gatekeepers of Monetary Stability and Guardians of Public Interest.- Chapter 3. Larger Central Bank Balance Sheets: A New Normal for Monetary Policy - Chapter 4. How Countries Manage Large Central Bank Balance Sheets.- Chapter 5. Reserve Accumulation, Sovereign Debt and Exchange Rate Policy.- Chapter 6. The cost of holding foreign exchange reserves.- Chapter 7. Saudi Arabian Monetary Authority: Why do central banks hold domestic and foreign currency assets - Chapter 8. Safe assets: Made, not just born.- Chapter 9. Expansion and contraction of central bank balance sheets: Implications for commercial banks.- Chapter 10. Management of Canada's Foreign Exchange Reserves.- Chapter 11. How the Monetary Authority of Singapore (MAS) manages its assets.- Chapter 12. The South African Reserve Bank's Strategic Asset Allocation Value Chain.- Chapter 13. European Central Bank: The investment decision-making process and its governance.- Chapter 14. Reserves management at Danmarks National Bank: Combining liquidity tiers with an adaptive risk budget.- Chapter 15. The Swiss National Bank's investment decision-making process from a safe-haven currency perspective.- Chapter 16. The Strategic Asset Allocation Framework of Banco de México.- Chapter 17. Macro risk management in a commodity-dependent economy: The case of the Central Bank of Chile.- Chapter 18. Dynamic Strategic Asset Allocation at the National Bank of Belgium: Why and how to implement it in a central bank.- Chapter 19. Central Bank of Lithuania: Asset allocation in a risk parity framework.- Chapter 20. Good Governance: Principles, Pitfalls and Best Practice.- Chapter 21. Central Bank of Brazil: Investment decision-making in an integrated risk management framework.- Chapter 22. Governance, Risk Management, Reporting, and Control at the Central Bank of Columbia.- Chapter 23. Foreign exchange reserves at the National Bank of Poland: Adequacy, risk-budgets, tranching and financial implications.- Chapter 24. Central Banks as Bankers to Each Other: Overview, Trends, and Future Directions in Global Official Sector Service Provision.- Chapter 25. Modern central bank reserves management: Introduction and overview.- Chapter 26. Bank of Israel: Integrating equities into the foreign exchange reserves.- Chapter 27. Renminbi securities in portfolios of official institutions: A perspective from the Hong Kong Monetary Authority.- Chapter 28. Responsible Investment and central bank asset management.- Chapter 29. BlackRock: Reserves Management with Factors and Reference Portfolios.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 516 pp. Englisch.…

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Condition: New. PRINT ON DEMAND.