The Global Evolution, Changing Landscape and Future of Financial Markets
The financial service industry is already changing significantly as a result of four important areas of innovation; the development of artificial intelligence (AI), innovation of Blockchain (Decentralized system), the fintech revolution, and the emergence of crypto-assets. The authors examine each of these areas separately in The Global Evolution, Changing Landscape and Future of Financial Markets, assisting the reader in comprehending the context, history, and basics of these trends. While new technologies offer exciting opportunities for innovation and growth, they also present new challenges and risks that must be carefully managed. The chapters present the ways in which inclusion and diversity can lead to more effective and responsible digital financial products and services, while also confronting the barriers facing underrepresented groups in the digital finance industry. Through this book readers are provided with a comprehensive understanding of the evolving financial landscape and the importance of creating a more inclusive and diverse digital finance ecosystem.
Principles of Finance
Written for the MBA or undergraduate first course in finance, as well as follow-on courses, this textbook provides a clear, accessible, and thorough explanation of the principles of finance; how they connect to real-world practice and how they are used to solve problems. Structured around ten unifying principles representing the core tenets of the science, this book imparts basic financial concepts irrespective of the institutional framework, ensuring that students learn about finance in a way that is applicable both now and into the future. Pedagogical features include learning objectives and major takeaways, applications in the world of business, numerous worked examples, key equation boxes highlighting the most important financial equations, quick check questions with solutions, key finance terms with a detailed glossary, and more than 380 homework problems. Online resources include a solutions manual, detailed instructor manual to adapt the book to your course, lectures slides and an 800 question test bank for instructors.
The Second Estate
A revelatory book that lifts the curtain on America's most consequential public deception: how the rich get richer using tools the government gave them. Amid conflicting narratives about the drivers of wealth and inequality in the United States, one constant hovers in the background: the US tax code. No political force has been more consequential--or more utterly opaque--than the 7,000-page document that details who pays what in American society and government. Most of us have a sense that it's an unfair system. But does anyone know exactly how it's unfair? Legal scholar Ray D. Madoff knows. In The Second Estate, she offers an unprecedented look behind the scenes of America's byzantine system of taxation, laying bare not only its capacity to consolidate wealth but also the mechanisms by which it has created two fundamentally separate American societies: the working Americans who pay and the ultra-rich who benefit. This is not a story of offshore accounts or secret tax havens. In The Second Estate, Madoff shows that the US system itself has, over time, been stripped and reconstituted such that it now offers a series of secret paths, hidden in plain sight, for wealthy people in the know to avoid taxation altogether. Through the strategic avoidance of traditional income, leveraging of investments and debt, and exploitation of rules designed to promote charitable giving, America's wealthy do more than just pay less than their share; they remove themselves from the tax system entirely. Wealth becomes its own sovereign state, and the living is surprisingly--and maddeningly--cheap.
Price Catalysts
In-depth and incisive, Price Catalysts explores the world of corporate special situations and demonstrates how savvy investors can profit from untapped investment opportunities in this niche sector of the market. The book is a resource for investors looking for a competitive edge in studying and comprehending the intricacies, dangers, and possible benefits of special situations. To illustrate the ideas and tactics covered in the book, the author provides real-world examples and case studies that are backed by data-driven analysis. The dynamics of business special situations will be better understood, and readers will learn how to find lucrative investment possibilities that the general market might miss. This book is essential reading for anybody interested in getting an advantage in the rapidly changing world of corporate finance and capital markets, including investors, financial professionals, and academics. The book provides readers with the knowledge and skills necessary to recognize and grab the unrealized potential in special situations, making it a vital instrument for investing success in the competitive market of today.
Meltdown
The incredible story of a once-venerable Swiss bank that produced a litany of financial scandals and whose collapse reveals the amorality at the heart of the global banking system. Credit Suisse was a 166-year-old bastion of global banking. But a veneer of high-class service disguised a darker, much dirtier reality. From its sterile Zurich headquarters, Credit Suisse banked dictators and drug dealers, hid stolen Nazi gold, and helped corrupt bankers fleece the firm's own clients of billions of dollars. Its top executives oversaw a global operation that laundered money for autocrats; they hired spies to track one another through the cobbled streets of the Swiss financial capital; and they helped clients hide their money from the world's tax authorities. This is the story of a tawdry total meltdown of one of the biggest, most influential, and most scandal-ridden banks on the planet. Duncan Mavin is uniquely sourced to tell the story of Credit Suisse's scandal-ridden demise, with dozens of inside-the-room contacts that spill exclusive details about the bank onto these pages. The bank's collapse, in March of last year, was the biggest shock to the financial system since the Financial Crisis of 2008, and sparked a media frenzy. But only Duncan has had access to key sources within the bank's executive suite--including former CEOs--and the inner circle that brings this critical, rollicking story to life. Meltdown will appeal to the global audience of readers fascinated by the corruption that permeates international finance and who wish to understand the role of money and those who shuffle it around the world in manipulating the world order in their own interests. It is an international tale that takes us from Mozambique to Australia, from Hong Kong to New York, and inside the hushed, marble corridors of Zurich's banking elite.
The Technological Republic
INSTANT #1 NEW YORK TIMES BESTSELLER - "A cri de coeur that takes aim at the tech industry for abandoning its history of helping America and its allies."--The Wall Street Journal From the Palantir co-founder, one of Time's 100 Most Influential People of 2025, and his deputy, a critically-acclaimed and sweeping indictment of the West's culture of complacency, arguing that timid leadership, intellectual fragility, and an unambitious view of technology's potential in Silicon Valley have made the U.S. vulnerable in an era of mounting global threats "Not since Allan Bloom's astonishingly successful 1987 book The Closing of the American Mind . . . has there been a cultural critique as sweeping."--George F. Will, The Washington Post "Provocative [and] worthy of your time."--Edith Chapin, Editor-in-Chief, NPR (Top Staff Pick) Silicon Valley has lost its way. Our most brilliant engineering minds once collaborated with government to advance world-changing technologies. Their efforts secured the West's dominant place in the geopolitical order. But that relationship has now eroded, with perilous repercussions. Today, the market rewards shallow engagement with the potential of technology. Engineers and founders build photo-sharing apps and marketing algorithms, unwittingly becoming vessels for the ambitions of others. This complacency has spread into academia, politics, and the boardroom. The result? An entire generation for whom the narrow-minded pursuit of the demands of a late capitalist economy has become their calling. In this groundbreaking treatise, Palantir co-founder and CEO Alexander C. Karp and Nicholas W. Zamiska offer a searing critique of our collective abandonment of ambition, arguing that in order for the U.S. and its allies to retain their global edge--and preserve the freedoms we take for granted--the software industry must renew its commitment to addressing our most urgent challenges, including the new arms race of artificial intelligence. The government, in turn, must embrace the most effective features of the engineering mindset that has propelled Silicon Valley's success. Above all, our leaders must reject intellectual fragility and preserve space for ideological confrontation. A willingness to risk the disapproval of the crowd, Karp and Zamiska contend, has everything to do with technological and economic outperformance. At once iconoclastic and rigorous, this book will also lift the veil on Palantir and its broader political project from the inside, offering a passionate call for the West to wake up to our new reality.
The Transformative Power of Family Wealth
"For wealth and business owning families and their advisers, this is the ultimate guide to getting it right." David Chong, Group President, Portcullis (Singapore) Pte. Ltd., described by the Singapore Academy of Law as The Guru of Asian Family Offices "Building on his previous work, The Transformative Power of Family Wealth is packed with insight and offers wealth owners powerful tools for channeling their resources into a force for good. Must reading not only for those stewards of family wealth, but for all those striving to serve them." Amaury Jordan, CFA, co-founder of Avalor Investment (Switzerland) and TriLake Partners (Singapore) "Philip's book is a very worthwhile read for those who work with wealthy families. In particular, the paradigm of the Theory of Change as a mechanism to help to shape a succession planning strategy is fascinating. It is also refreshing to read a positive exposition of the role that private businesses can play in regenerating society." John Riches, Partner RMW Law and President of the International Academy of Estate and Trust Lawyers "With his extensive experience and deep insights, Philip's latest book is required reading, not only for wealthy families and their advisors, but also for policy makers and thinkers as they ponder the role of wealthy families in tomorrow's world." Edmund Leow S.C., Senior Partner, Dentons Rodyk & Davidson LLP, Singapore A manual for avoiding the common pitfalls of family wealth and businesses with a focus on how families can prosper while governments capture the benefits of wealth owning residents and citizens In The Transformative Power of Family Wealth, retired lawyer, wealth advisor, and tax consultant Philip Marcovici delivers a startlingly insightful and practical discussion of how family wealth and business owners can navigate internal and external challenges and have a positive and benevolent impact on the communities around them. For governments navigating the challenges and benefits of attracting and retaining wealth owners to their countries, an invaluable resource. The book explains how to handle the difficulties associated with generational succession, family infighting, growing societal inequality, and complex taxation regimes. It walks you through: How to retain and grow your family's wealth through generations so you can continue to have a positive impact on the world How to handle internal family "derailing" events, like divorce, mental illness, fraud, and more Strategies for mitigating political risk for family-run businesses with international exposure and investments Approaches for governments to consider, including the adoption of regenerative tax systems that capture opportunities to create vibrant economies that address growing wealth and income inequality Perfect for owners of family-run businesses and families with wealth, as well as the professionals, advisors, and consultants who work with them, The Transformative Power of Family Wealth is a must-read for lawyers, accountants, policymakers, legislators, regulators, journalists, and anyone else with an interest in improving their understanding of the issues affecting family wealth.
Financial Fitness 101
Start turning your financial chaos into a beautiful symphony of success today! You never thought your parents would consider a night around the kitchen table fun until finances turned into a game of Monopoly with real stakes. As a child, you learned that keeping track of budgets was less about the board and more about making sure you had enough play money for pizza on Friday nights. Those marathon sessions taught you that money isn't just for spending; it's a tool for crafting a life you love.Fast forward to adulthood, where navigating finances feels less like a game and more like an obstacle course designed by a particularly tricky sadist. But fear not! This book transforms the daunting numbers into playful pals, equipping you with skills to conquer your financial fears.Unlock the secrets of savvy budgeting without sacrificing your avocado toast.Master the art of investing, making money work for you while you binge-watch your favorite series.Say goodbye to anxiety and hello to a future where your financial dreams can take flight.The class is now in session!Get your copy of Financial Fitness 101 and we will get your wallet in shape for the future.
The Banks We Deserve
We've never done anything big in this country without little banks. Yet the number of community banks in the US has been steadily declining for decades, giving way to big banks that have little connection to the communities they claim to serve. The massive, unprecedented shift toward such a highly concentrated banking sector has weakened our ability to take action at a community level and leaves many people, especially those who have been historically marginalized, without access to capital. In The Banks We Deserve, journalist Oscar Perry Abello argues that community banking has a crucial role to play in addressing urgent social challenges, from creating a more racially just economy to preparing for a changing climate. At their best, community banks unleash the agency and aspirations of the communities that establish them. Abello challenges people working on racial justice, community development, or addressing climate change to start more community banks or credit unions as part of their work, while also calling for policies and regulatory reforms that will help tilt the landscape back in favor of community banking. The Banks We Deserve tells the stories of new community banks -- like Adelphi Bank, in Columbus, Ohio, the first new Black bank in 20 years; or Walden Mutual Bank in Concord, New Hampshire, the first new mutual bank since 1973 and the first chartered specifically to finance a more sustainable food system; or Climate First Bank, in St. Petersburg, Florida, which has grown exponentially since opening for business in 2021. He hopes these stories inspire others to take some of these same daunting-but-not-impossible steps. For a community or industry that is being ignored by big banks, the idea of starting up a new bank or credit union rarely figures as an option. In The Banks We Deserve, Abello shows advocates, organizers, and innovators that it can be done, that it is being done, and describes a path to support more community banks and credit unions.
Determinants of Indebtedness in the Brazilian Telecommunications Sector
Issues in Key Economic Policies of Government (Canadian) 1988-1998
The Sacred Truths of Investing
Pick winning stocks with confidence through proven strategies from a renowned career investor In The Sacred Truths of Investing, renowned stock picker and well-known media personality Louis Navellier delivers a blueprint to confidently and reliably pick winning stocks rather than relying solely on ESG, ETFs, and other index mutations for investment success. Backed by his proven experience beating the S&P 500 by a margin of 3-to-1 over the past 17 years, Mr. Navellier imparts both underlying theory and practical guidelines to enable readers to holistically understand the forces that shape the market and determine its direction. Written in an accessible style with Mr. Navellier's signature understated wit, this book explores topics including: Why geopolitical risks are net bullish for US assets and how huge boomer assets fuel market growth Timeless advice in James Madison's rule book and the relationship between Gresham's Law and a debt ceiling Simple formulas for increasing odds of success and why Wall Street often seems darkest before the dawn Why emotions have no place in picking stocks or predicting market turns and how to rely on priceless accurate data rather than cheap opinions For both beginners and experienced investors, The Sacred Truths of Investing is an essential resource to fuel greater investment success through calculated strategies that dispel the notion that "the market can't be beat."
NeoCapitalism
NeoCapitalism: Capitalism's Next Step presents an economic framework aimed at addressing the shortcomings of contemporary capitalism, such as recurring financial crises, widening inequality, and environmental unsustainability. The book proposes a two-currency system and outlines strategies for fostering economic stability. Key Concepts 1. Two-Currency System: - Stability Currency (SC): A non-market currency used exclusively to fund essential public services like healthcare, education, and national defense. It is designed to be stable and insulated from market volatility. - Market Currency (MC): A market-driven currency supporting private enterprise and innovation. It operates within the traditional capitalist framework but is complemented by the SC's stabilizing influence. 2. Addressing Inequality: The SC ensures universal access to essential services, reducing economic disparities and fostering social equity. 3. Tackling Market Volatility: By separating public service funding from volatile markets, the system reduces economic shocks and enhances resilience. Regulatory frameworks are emphasized to curb speculative bubbles and systemic risks. 4. Sustainability and Innovation: Encourages sustainable practices by integrating environmental and social considerations into economic models. Supports technological advancements while addressing challenges like automation-driven unemployment. 5. Global Interdependence: Advocates for international cooperation to manage interconnected economies and mitigate geopolitical risks. Implementation Strategies - Gradual transition through pilot programs. - Transparent public communication to build understanding. - Regulatory oversight and use of technology to streamline administration. Philosophical Approach The book emphasizes a balance between individual freedom and collective well-being. It advocates an economic model that prioritizes both market dynamism and social stability. Challenges and Solutions The book acknowledges potential criticisms, such as inflation, market distortions, and political resistance. It provides detailed counterarguments and proactive measures, emphasizing transparency, education, and phased implementation. "NeoCapitalism" offers a roadmap for a fairer and more sustainable economic future, calling for bold reforms to create a society where economic growth and social justice coexist.
Risk Asset and Non-Performing Loans (NPLs) Debacle in Nigeria, Causes, Effects, and Resolutions
Financial Mathematics
This textbook is designed to facilitate a thorough learning for students of financial mathematics. It includes exercises and theoretical questions across seven chapters: Interest Theory, Financial Flows and Annuities, Profitability and Risk of Financial Operations, Portfolio Analysis, Bonds, Modigliani-Miller Theory, and Brusov-Filatova-Orekhova Theory. The last two chapters are dedicated to modern theories of capital structure, including problems and tasks. More than 130 detailed solutions are provided to help students solve the assignments in the textbook. This textbook is suitable for undergraduate and graduate students in all financial and economic fields, including finance and credit, accounting and auditing, taxes, insurance, and international economic relations. It is also useful for professionals in financial and economic specialties, including financial analysts, as well as anyone interested in mastering quantitative methods in finance and economics.
Shaping Cutting-Edge Technologies and Applications for Digital Banking and Financial Services
Cutting-edge technologies have recently shown great promise in a variety of activities for enhancing the existing services of a bank such as the improvement of transactions, ensuring that transactions are done correctly, and managing records of services of savings accounts, loan and mortgage services, wealth management, providing credit and debit cards, overdraft services and physical evidence as key drivers of bank ecosystem. In the financial world, emerging analytics and prediction tools can be used to analyze and visualize structured data, such as financial market data, and to forecast future trends that can be supported by leaders to make informed decisions about investment strategies.This book explores the importance of artificial intelligence (AI)-based predictive analytics tools in the financial services industry and their role in combating financial fraud. As fintech continues to revolutionize the financial landscape, it also brings forth new challenges, including sophisticated fraudulent activities. Therefore, this book shares the problem of enhancing fraud detection and prevention through the application of predictive analytics.This book contributes to a deeper understanding of the importance of predictive analytics in the finance field and its pivotal role in cybersecurity and combating fraud. It provides valuable insights for the financial services industry, researchers, and policymakers, aiming to fortify the security and resilience of financial systems in the face of evolving financial fraud challenges.Cuurently, AI has replaced recurrent intellectual decisions due to the availability of information and its access. These changes have created a revolution in financial operations resulting in environmental variations in the banking and finance sectors. Likewise, analytics transformed the not only finance field but also banking as it is increasing the transparency of lending-related activities.In addition, this book provides a set of tools for complex analyses of people-related data and through a variety of statistical analysis techniques ranging from simple descriptive statistics to machine learning, HR analytics enables performance evaluation and increases the transparency of finance transactions as well as the problems, advantages, and disadvantages of new digital transformation. The book is not merely a compilation of technical knowledge; it is a beacon of innovation that beckons readers to envision a future where cutting-edge technologies and finance services intertwine seamlessly.With its engaging and thought-provoking content, the book leaves an indelible impression, urging readers to embrace the transformative power of technology and embark on a collective mission to unlock the full potential of fintech for the betterment of humanity.
Private Markets
Comprehensive guide to the private market, covering allocating capital, portfolio construction, product evolution, and more Written in accessible language, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate addresses the challenges and opportunities with investing in the private markets, including understanding the merits of the asset classes--private equity, private credit, and private real estate--product evolution, and the structural tradeoffs, and how to incorporate these versatile and valuable tools in client portfolios. This book leverages Tony Davidow's 40 years of experience working directly with advisors and high-net-worth families/ ultra-high-net-worth families. Davidow is an award-winning author and has also been recognized for building Franklin Templeton's alternative education program (2023 recipient of the "Wealthie"). Topics discussed in this book include: How private markets can be used to increase the likelihood of achieving client goals? Examining the historical risk and return characteristics of the private markets relative to their public market equivalents. Exploring the benefits of private markets including the potential for higher returns, an alternative source of income, diversification, and hedging against the impact of inflation. Now that private markets are available to a broader group of investors outside of institutions and family offices, Private Markets: Building Better Portfolios with Private Equity, Private Credit, and Private Real Estate is an essential resource for all financial advisors and individual investors who are considering allocating capital to these once elusive investments.
Research on Two Economic Laws of Household Consumption Function
Global Business Environment
This book discusses the shifting paradigms in global business environment from the Fourth Industrial Revolution (Industry 4.0) to the Fifth Industrial Revolution (Industry 5.0). It captures the current shifts caused by rapid technological advancements and globalization, which impact political, social and economic changes.
Enough
If you have ever averted your eyes when walking past something for sale that you really wanted, knowing you could never afford it, you need this book. If you have ever had to decide which bill to pay because you couldn't pay them all, you need this book. If you have ever looked at your bank account and wondered if you'll ever have enough to achieve your dreams, you need this book.You are so much better than you give yourself credit for! When you embrace that inherent value that makes you so amazingly unique, the universe can't help but to agree. Your value is endless, so why shouldn't your financial value match that?The way we've been doing women's empowerment is all wrong. We've been trying to follow an established system, moving up in the world the way all the men did before us. But that's not what we need to do. We need to feel comfortable bringing those qualities into the workplace that have been shunned--compassion, empathy, openness. And that by doing so, we can multiply the financial results we see by tens and dozens of times.It's time to aim higher than you ever had before and courageously expect the results you have always dreamed of having. You don't need more certificates, more training, more accreditation, or more experience. The truth is, you already have everything you need to have a career that excites you, inspires you, and lights your passion. You were born with all the inner wealth you needed, and this book will help you gain a life worthy of that masterpiece that you are.You have been endowed with absolutely everything you need to fulfill that dream that you have inside. That dream is not wrong. That big, scary, ambitious goal that you hide away from others is real, and it's true to who you are. Once you understand that, you can start to build revenue streams that flow to you, whether it's through your career or your business.This is the book for any woman or anyone identifying as a woman who is looking to master the game of wealth accumulation. Drop the crippling anxiety that plagues most women and begin creating a new financial reality for yourself today. Entertaining, thought-provoking, and powerfully written book full of sage advice to help you let go of your deepest self-sabotaging beliefs and behaviors that are preventing you from getting the money you want and deserve.
