Funds, Flows and Time


Book Description

This book sheds new light on long-established concepts of microeconomic production theory and combines general theoretical analysis with references to management tools. It deals with concepts of microeconomic production theory, using the fund-flow model of Nicholas Georgescu-Roegen as a basic reference. This long-neglected model allows for a representation of productive operations that can easily be accommodated to empirical application.




Swing Pricing and Fragility in Open-end Mutual Funds


Book Description

How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.




Flow-of-Funds Analysis


Book Description

This is a collection of articles on the flow of funds that attempts to serve as a reference guide to economists in academia, business, finance and government. Flow of funds analysis is widely used in analysis of financial institutions and markets. In fact, they were largely constructed by the Federal Reserve and other central banks and were the foundations for defining and measuring the various concepts of the monetary aggragates used as key targets by central banks in carrying out monetary policy. The book brings together the scattered articles on the subject and should be useful as a research guide and teaching source.




The Oxford Handbook of Hedge Funds


Book Description

This handbook provides a comprehensive look at the hedge fund industry from a global perspective.




A Monthly Effect in Stock Returns


Book Description

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.




International Capital Flows


Book Description

Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.




This Time Is Different


Book Description

An empirical investigation of financial crises during the last 800 years.




The Money Flow


Book Description

The Money Flow explores our feelings about money, how most people allow money to enslave them either by craving it or fearing it, and how it's possible instead to make money a friend and ally: a partner in achieving your life goals and your goals for the world that does not control you, but aids you. "The Money Flow" is furnishing you simple, friendly and effective tools how to create and design your own life success; enjoy the process and live a life filled with quality, freedom and contentment. Just remember that money does not have in its nature to make you happy. "The Money Flow" is furnishing you with tremendous benefits you can introduce and apply into your own life. You can clearly express who and how you are as an authentic and genuine person, original and unique, with a mark to make in the world.?Instead of resenting the "No" in your life, see it as a starting point that you can befriend and embrace.?"No" also means that nothing is impossible: this simple shift of attitude could change the course of your life and the lives of your loved ones.?The key s accepting that the life you have is the life that fits you; It is designed to make you grow and be the best you can. Understand that change is constant and change is guaranteed; express less doubts and a deeper welcome.?Don't beat yourself up over perception and actions you took in the past; if they seemed right and proper at the time, then you made the best choice you could have; do not judge them or reject them; let them go; even if you might make a different choice now.?Plan and set goals for the future, but be in the NOW and take action in the NOW.?If you feel depressed, neglected, or rejected; validate how you feel but remember that tomorrow is a fresh and clean new start. There are no two days alike!!!?At the end of the day, it's all about happiness; the richness of our experiences, the people we touched, loved and impacted throughout our struggles give us wealth far beyond money.




Understanding Cash Flow


Book Description

The term "cash flow" is used to describe the analysis of all the changes that affect a company's cash account during an accounting period. This book tells readers everything they need to know to understand cash flow and incorporate that knowledge into their strategic management process.




Principles of Accounting Volume 1 - Financial Accounting


Book Description

The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.