Guardians of the Gulf
The book highlights the evolution of the defence industry in the Gulf Cooperation Council (GCC) states, emphasising its historical reliance on arms imports, the shift towards domestic defence capabilities, and the implications for regional security and economic development.Key TakeawaysThe GCC states heavily relied on arms imports initially due to limited domestic industrial capabilities and evolving security threats.The United States played a significant role as a primary arms supplier to the GCC states during their early development stages.Over time, concerns about supply chain vulnerabilities and over-dependence on foreign powers led to a strategic shift towards developing indigenous defence industries.The book explores the economic implications of the local defence industry, emphasising its potential to drive economic growth, create job opportunities, and foster technological innovation.It also delves into the security implications of defence industry development, focusing on enhancing military capabilities and strengthening national security.The book's methodology adopts a multidisciplinary approach, integrating historical, economic, geopolitical, and security perspectives through primary and secondary research.The book's structure follows a logical flow, exploring the drivers and challenges of defence indigenisation, economic diversification, technology transfer, and their impact on regional security cooperation. Guardians of the Gulf is essential for policymakers, scholars, and anyone seeking a deep understanding of contemporary defence developments in this critical region.
Capital Acquisition
Calling all entrepreneurs! No matter what business you're in, access to capital is vital. From local bodegas to retail giants, everyone needs capital, and this book is your key to unlocking it. Learn the essential 'Five C's of Credit' to position yourself for financing success. This simple yet powerful introduction sparks insight, refines mental models, and inspires action. Don't miss out - get your copy now and pave the way to securing the capital your business deserves! It's your stepping stone to financial success.
The Cryptocurrency and Digital Asset Fraud Casebook
Cryptocurrencies and digital assets have continued to gain widespread acceptance from both retail and institutional investors. With this rapid growth in both the crypto and digital asset spaces, there has also been an unfortunate steady drumbeat of fraudulent activity. It has been reported that in 2021 alone over $14 billion in crypto was stolen from investors. Frauds have touched all aspects of the crypto universe ranging from outright Bitcoin theft, pig butchering, and wallet phising to DeFi rug pulls, exchange hacks, mining scams and NFT fraud. The Cryptocurrency and Digital Asset Fraud Casebook will provide up to date information and analysis on fraudulent activity in the crypto space.
The Adaptive Markets Hypothesis
The Adaptive Markets Hypothesis (AMH) presents a formal and systematic exposition of a new narrative about financial markets that reconciles rational investor behaviour with periods of temporary financial insanity. In this narrative, intelligent but fallible investors learn from and adapt to randomly shifting environments. Financial markets may not always be efficient, but they are highly competitive, innovative, and adaptive, varying in their degree of efficiency as investor populations and the financial landscape change over time. Andrew Lo and Ruixun Zhang develop the mathematical foundations of the AMH--a simple yet surprisingly powerful set of evolutionary models of behaviour--and then apply these foundations to show how the most fundamental economic behaviours that we take for granted can arise solely through natural selection. Drawing on recent advances in cognitive neuroscience and artificial intelligence, the book also explores how our brain affects economic and financial decision making. The AMH can be applied in many contexts, ranging from designing trading strategies, to managing risk and understanding financial crises, to formulating macroprudential policies to promote financial stability. This volume is a must read for anyone who has ever been puzzled and concerned by the behaviour of financial markets and the implications for their personal wealth, and seeks to learn how best to respond to such behaviour.
Government and Political Trust
Duncan examines the challenges of governments face such as a global pandemic, climate change, and strategic rivalry and how public policy and administration plays a crucial role in solving these issues. A useful guide for officials, civil servants, and students of politics.
The Ultimate Beginners Guide to CryptoCurrency and the New World of Finance
This book is intended for everyone with the intention of becoming more educated on the banking and fiance revolution, becoming financially free, and becoming a part of the greatest transfer of wealth the world has ever seen. You will find easy-to-follow advice which includes beginning your journey of exploring the new banking industry, learning how to buy and invest for yourself without the hassle of paying expensive fees to brokers or any other middlemen. This book is for everyone who finds themselves feeling frustrated after watching the market soar in value or wondering what the big deal is...I have great news for you! This is your chance to get into this life-changing market while you still can.
Computational Methods in Finance
Computational Methods in Finance is developed from the author's courses at Columbia University and the Courant Institute of New York University. This text is designed for graduate students in financial engineering and mathematical finance as well as practitioners. It will help readers accurately price a vast array of derivatives.
Banks and Business Networks
This book fills a gap in the existing literature by exploring the financial implications of networking. It investigates the phenomenon of business networks in the context of management and governance processes, and the related effects on interactions with the financial system in general, and credit institutions in particular.
A Taxing Journey
This open access book examines how civic organizations can influence tax policy and administration in ways that benefit ordinary citizens, through in-depth case studies from a wide range of countries including France, Guatemala, Kenya, Mexico, Philippines, Uganda, and the United States. These cases demonstrate the ways in which civic coalitions have crafted convincing narratives and used creative strategies to change the political incentives of policymakers and yield more equitable tax reform. The cases cover a wide range of types of tax reform, from taxes on specific items like fuel, tobacco and mobile money applications, to personal and corporate income taxes. They also highlight the use of a variety of approaches by civic actors-such as media campaigns, advocacy with legislators, and strategic litigation-to influence policy. These examples, covering a range of lower and higher income countries, across many aspects of tax systems, give us useful examples to build on, demonstrating that citizens everywhere can influence tax policy and ultimately secure fairer societies. The ebook editions of this book are available open access under a CC BY 4.0 licence on www.bloomsburycollections.com.
Innovation and Sustainability in Governments and Companies
This book presents a compilation of investigations on innovation and sustainability, divided into those applied in government or enterprises.
Cryptocurrency Regulation
This work argues that current cryptocurrency regulation, particularly in the areas of enforcement and compliance, is inadequate. This book provides strategies for a reflexive regulation approach to cryptocurrencies.
The Choice for Banking Union
This book explains why the European Union member states - in response to the Euro crisis - agreed to establish banking union, despite previous objections, and why they chose its hybrid institutional design.
My Property Payday
People dream of owning a home. Yesterday, that dream cost three times the annual salary of the average single adult. Today, it's 12x what a two-person household earns. Owners are buried under their mortgages. There's no escape for 20+ years while they wait for an unsure payoff at the very end. Does this sound like you?Thankfully, new platforms and startups enable you to make money now when you activate your assets, all while maintaining personal real estate for your own use - Airbnb for rooms; Homebox for storage; StockOn for parking; HomeCamper for gardens, and on and on.But there's a backlash from cities imposing new rules, taxes and fines. Homeowners need advice and tools to stay out of trouble and grow rental revenues in today's hostile regulatory environment.Solution: My Property Payday: Turn Your Spaces into Rental IncomeThis book details never-before-seen methodologies showing precisely which combination of property plays will give you the best return while avoiding pitfalls. Yields of 5-9% are achievable, risk-free.This book will pay for itself with one night's rental. You can earn thousands annually, with zero investment required. Escape debt and create wealth by renting every one of your personal real estate spaces. Cashflow can start this very week.Look inside to realize how. Say to yourself, "Tomorrow will be My Property Payday!"
Central Banks in Organizational Networks
This inter-disciplinary and wide-ranging study unravels the social processes of decision-making at the interface of central banks and financial market participants, and thereby raises important questions about responsible central bank governance and its obligations to stakeholders in society. The book challenges commonly held assumptions on how central banking works and critically assesses unconventional monetary policy and its underlying theoretical tenets.Drawing from rich, multi-sited fieldwork and data collection, this research monograph offers an in-depth look into the financial market practices around the quantitative easing programmes of the European Central Bank and focuses on the uneasy role of modern central banks as active market participants. The author introduces concepts from social network theory and develops a novel method to study organisational networks in the context of financial markets. An analysis of the European Central Bank's social, organisational and financial networks is sketched over the course of multiple chapters. The concluding chapters dive into documentary analysis and the extensive material from qualitative interviews with senior investment professionals about the strategies and adaptive processes around the lived experience of quantitative easing.The winner of the British Sociological Association's prestigious Philip Abrams Memorial Prize, this book is a vital resource for social scientists researching organisations in financial markets, providing theory, concepts, empirical data and practical implications. It will be of interest to academics and graduate students in economics, sociology and management/organisation studies, as well as practitioners at central banks and in asset management.
The Law of Attraction And Your Financial Situation
The law of attraction and your financial success Discover how to attract riches into your pocket. Think like a billionaire and inspire others with these secrets! Dearest pal, This is known as the millionaire mindset, and it distinguishes successful people from the rest of the world. The subconscious mind is more powerful than the conscious mind. It can either help you achieve your goals or prevent you from achieving them.But why don't we have any cash? Is it a lack of motivation, opportunity, knowledge, good fortune, or effort? The millionaire's own perspective is frequently the difference. The truth is that if you don't know how to think like a billionaire, you're spinning your wheels!There is a significant gap between capacity and action in today's environment. Millions of people are capable of accomplishing anything. They may have the requisite qualifications, and some may even have experience. Consider someone who has the ability to teach but does not use it. This instructor prefers to work at a desk since it is safer for her. Now, that person can devote as much time as they desire to desk job. However, if this person has advanced and taken a significant step forward in their studies, - overcoming limitations such as stage fright - they would probably be more financially stable and widespread today. But you can learn to have the millionaire mindset. I have a complete guide for you here!(Read more ...)Fundraising is the most important tool your business will ever need ... Not having the spirit of a millionaire is like trying to trick a hungry lion with a piece of broccoli!You may encounter the following problems: Understanding financial opportunities ...Learn how to manage your money ... How to find a jobTeach all this to others!More crimes ... Well, don't worry ...With these strategies that I'm going to share with you, you won't have a problem building your confidence!Introduction ... The law of your importance and wealthYour gene to life that gives authority and inspired for every aspect of your lifeIn this book you will find out: The law of gravity - that actually, no matter whatObjective and subjective thinkingStop the default processes without deciding on your lifeThe thought process emphasizes youGood weather for moneybCharmDoes the poor look positive?What about the lottery and the fall of income?
Unchain Your Brain
WE ALL BEGIN WANTING A LIFE OF PASSION AND PURPOSE. BUT... Fears, discouragement and the demands of 'real life' creep in. They're all part of living. But what if they've become roadblocks? What if they've become our new reality?Here's your "on-ramp" to the life you were meant forWe all get doubtful, worried and "down" at times. Worse, when you feel your whole life is a struggle, it drains your energy and optimism-even your hope. If that sounds like you, the life you hoped for might seem impossible to attain, but becoming "unstuck," dramatically reversing the negative thought patterns that prevent you from really living, is always within your reach. How is this possible?Enter Unchain Your Brain by Mark Ashe-author, business owner and quality-of-life evangelist. Ashe offers sound spiritual and practical ways to view the challenges life throws at us. With an emphasis on meeting you where you are right now, you'll be guided past the roadblocks into your new life of intention and purpose. Along the way, you'll learn: - Why worry is usually far worse than the actual event-even if it happens- How to instantly reduce the fear around any goal- Why the idea that "Wealth = Happiness" is wrong- Why focusing on long-term goals can actually be counterproductive- Why an obsession has enormous creative power, and how to create one- How few skills you really need to build a fulfilling life (good news!)- Why successful people do the hard things firstChock-full of countless stories of real people engaged in and winning in the tough places of life, Unchain Your Brain promises to elevate you above life's routines and ruts, and onto a path to a richer, more fulfilling life-no matter where you are now.
The Entrepreneurial State
Award-winning economist Mariana Mazzucato's famously incisive international bestseller debunking the pervasive myth of the inept state versus an innovative private sector--with a new preface by the author According to conventional wisdom, innovation is best left to the bold entrepreneurs of the private sector, and government should get out of the way. But what if that wasn't case? What if, from the inventions of Silicon Valley to medical breakthroughs, the public sector has actually been the most courageous and valuable risk-taker of all? Critically acclaimed and influential thinker and scholar Mariana Mazzucato argues comprehensively against the myth of a lumbering, bureaucratic state versus a dynamic, innovative private sector with remarkable original and deep research. In a series of case studies--from nanotechnology to the emerging green tech of today--Mazzucato reveals that the opposite is true: the private sector only finds the courage to invest after an entrepreneurial state has made the high-risk investments. The Entrepreneurial State reveals how every technology that makes the iPhone so "smart" was actually funded by the government--from the Internet and GPS technology, to touch-screen displays and voice-activated Siri. In the history of modern capitalism, the State has not only fixed market failures, but has also actively shaped and created markets. In doing so, it sometimes wins and sometimes fails. Yet by not admitting the State's role in active risk taking, we've created an "innovation system" where the public sector socializes risks while privatizing reward, as Mazzucato controversially argues. This bold and provocative book considers how we adopted this dysfunctional dynamic, and then how we can overcome it so that economic growth can be not only "smart" but "inclusive" as well.
Investment Valuation and Asset Pricing
This textbook is intended to fill a gap in undergraduate finance curriculums by providing an asset pricing text that is accessible for undergraduate finance students. It offers an overview of original works on foundational asset pricing studies that follows their historical publication chronologically throughout the text. Each chapter stays close to the original works of these major authors, including quotations, examples, graphical exhibits, and empirical results. Additionally, it includes statistical concepts and methods as applied to finance. These statistical materials are crucial to learning asset pricing, which often applies statistical tests to evaluate different asset pricing models. It offers practical examples, questions, and problems to help students check their learning and better understand the fundamentals of asset pricing., alongside including PowerPoint slides and an instructor's manual for professors.
50 Capitalism Ideas You Really Need to Know
In a series of 50 accessible essays, Jonathan Portes demystifies the fundamental concepts of capitalism - from its history, core theories and key institutions to its current-day political power and social impact. From stock markets to banks, globalization to Marxism, 50 Capitalism Ideas is a complete introduction to the most the world's dominant economic system.
Tax-Free Wealth
Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Third Edition) by Tom Wheelwright(R) is a comprehensive guide that unveils strategic approaches to minimizing tax liabilities and accumulating significant wealth. As an acclaimed CPA and World-Renowned Expert on Tax, Wheelwright revisits and updates his groundbreaking work where readers are introduced to a wealth-building philosophy that revolves around using the tax code as a roadmap to building wealth in a way that makes taxes fun, easy, and understandable.In this revised and updated edition, Wheelwright incorporates the latest tax reforms and strategies to help individuals and businesses maximize their tax savings to achieve a tax-free life. Wheelwright emphasizes the importance of proactive tax planning and dispels common misconceptions about taxes, giving readers the tools to transform their mindset and approach to wealth creation.The book covers various topics, including tax deductions, credits, and incentives, that provide readers with a roadmap to maximize wealth and reach their dreams. Wheelwright also addresses the impact of recent tax law changes, ensuring that readers are equipped with up-to-date information to navigate the evolving landscape of taxation. From real estate investments to entrepreneurship, Tax-Free Wealth explores various avenues through which individuals and businesses can legally minimize their tax burdens, ultimately leading to increased profitability and financial freedom.Packed with practical examples, case studies, and actionable strategies, the third edition of Tax-Free Wealth is a comprehensive resource for anyone seeking to build and preserve wealth while minimizing tax obligations. Whether you're a seasoned investor, business owner, or someone just starting on the path to financial success, Wheelwright's insights provide a roadmap for achieving tax-free wealth and securing a brighter financial future.For more information and resources, visit the official Tax-Free Wealth website: https: //taxfreewealthbook.com/
Banking Success Factors Analysis
Sawla Microfinance's 2019-2023 financial and non-financial performance highlights how banking industries can transition from microfinance to corporate banking. This research examines the relationship between proxy measures of business agility, lean banking, corporate social responsibility initiatives, and banking performance. A Kendall's Tau Correlational research design was implemented, encompassing a panel of quarterly data mined and records reviewed from Sawla District Omo Bank using purposive sampling.Due to the non-normal data distribution, a Kendall's Tau correlation was employed to test the existence of a statistically significant relationship, direction, and strength of monotonic nonlinear association among continuous variables
International Public Sector Accounting Standards Implementation Road Map for Uzbekistan
This report acts as a road map for the phased implementation of International Public Sector Accounting Standards in Uzbekistan as part of reform initiatives to bolster transparency, better understand its finances, and improve decision-making.Outlining why implementing IPSAS will take over a decade, it assesses current public financial management and how to close accounting standard gaps. It underscores the need for dedicated project management and sets out potential reform program risks. It details the four-step implementation process and explains why IT systems should be integrated to introduce IPSAS and produce a 360-degree view of the government's financial status and performance.
Asia Bond Monitor - November 2023
This edition analyzes how financial conditions weakened and bond yields rose in most emerging East Asian markets between 1 September and 10 November amid expectations that the United States Federal Reserve would keep interest rates elevated for an extended period.The report covers the Association of Southeast Asian Nations; the People's Republic of China; Hong Kong, China; and the Republic of Korea. It explains how overall risks to regional financial conditions remain balanced, with downside risks emanating from high interest rates potentially offset by expected moderation in inflation in 2024. The report also discusses recent developments in local currency bond markets and includes summaries for each of the region's individual markets.
Financing for Public Small and Medium-Sized Enterprises
Highlighting the importance of Asia's small and medium enterprises, this report shows how economies can learn from policies employed by the Republic of Korea and the United States to offer SMEs the credit they need to thrive.With SMEs making up some 96% of all Asian businesses, the report explains the challenges they commonly face and analyzes the impact of specialized financing facilities in the ROK and the US. It offers a study of public institutional approaches towards improving credit access, assesses international lending regulations, and explores how developing public lending schemes for SMEs can support growth.
Greening the Financial System
This report outlines the opportunities for ADB and other multilateral development banks to help make financial markets in Asia and the Pacific more resilient to climate risk and support the transition to a low carbon economy.Explaining how ADB can play a catalytic role in greening the financial system, the report sets out policy options, assesses the bank's strategic operational priorities, and considers implementation challenges. Analyzing ways ADB can scale up green financing and help financial authorities in developing member countries manage climate risk, it shows how early policy decisions can reduce the impact on regional economic growth.
Fast Funding for Freelancing
Everyone could use some extra cash, especially in these difficult times.Maybe your bills were a little higher than you expected this month, or maybe you're trying to gather some seed money for your own internet company or business, or maybe you just need to find out how to scale up your current firm. Freelancers are a forward-thinking bunch. Nonetheless, practically every day, I receive queries from people who are struggling to make a living. The majority of this is due to some people's incapacity to think differently.There are so many ways to make money as a freelancer that I keep a running list of ideas. While I rarely have a project on my desk, when work becomes scarce, I go through this file to stimulate my brain cells. Today I'll share my thoughts with you.
Why Canada Needs Postal Banking
In almost half the communities in small town and rural Canada that have a post office, there are no bank or credit union branches;Only about fifty-four bank and credit union branches exist in the over 615 First Nations communities in Canada;A growing number of urban areas in Canada have no accessible banks or credit unionsWhy Canada Needs Postal Banking offers a plethora of information about the banking industry that will shock ordinary Canadians. In explaining the banking system that many of us take for granted, the author reveals a deep, and largely unrecognized, gap between the services offered in densely populated, urban spaces and those available in small towns, rural and remote regions, and Indigenous communities. As a solution to this dearth in services, John Anderson proposes a logical alternative to big, private-sector banks: the post office. Basing his argument on historical fact, international experience, and the exorbitant cost of traditional banking services, the author builds a logical and compelling case for reestablishing banking services at Canada Post. Composed of a collection of research papers, interviews, and opinion pieces, Why Canada Needs Postal Banking provides convincing and well-organized data to support the reintroduction of postal service banking in Canada. Readers can absorb survey results that document citizen, municipality, and union support for this strategy. Tables and graphics provide easy access for those who want to assess the statistical facts and figures at a glance. Written in clear, succinct, and transparent language, Why Canada Needs Postal Banking engages the reader while delivering surprising information. In a landscape where challenges seem overwhelming much of the time, this book proposes a solution that, while not without its difficulties, is implementable. It delivers answers and alternatives that support business and individuals' needs in different parts of the economy that have been, for too long and too often, overlooked.
Why Canada Needs Postal Banking
In almost half the communities in small town and rural Canada that have a post office, there are no bank or credit union branches;Only about fifty-four bank and credit union branches exist in the over 615 First Nations communities in Canada;A growing number of urban areas in Canada have no accessible banks or credit unionsWhy Canada Needs Postal Banking offers a plethora of information about the banking industry that will shock ordinary Canadians. In explaining the banking system that many of us take for granted, the author reveals a deep, and largely unrecognized, gap between the services offered in densely populated, urban spaces and those available in small towns, rural and remote regions, and Indigenous communities. As a solution to this dearth in services, John Anderson proposes a logical alternative to big, private-sector banks: the post office. Basing his argument on historical fact, international experience, and the exorbitant cost of traditional banking services, the author builds a logical and compelling case for reestablishing banking services at Canada Post. Composed of a collection of research papers, interviews, and opinion pieces, Why Canada Needs Postal Banking provides convincing and well-organized data to support the reintroduction of postal service banking in Canada. Readers can absorb survey results that document citizen, municipality, and union support for this strategy. Tables and graphics provide easy access for those who want to assess the statistical facts and figures at a glance. Written in clear, succinct, and transparent language, Why Canada Needs Postal Banking engages the reader while delivering surprising information. In a landscape where challenges seem overwhelming much of the time, this book proposes a solution that, while not without its difficulties, is implementable. It delivers answers and alternatives that support business and individuals' needs in different parts of the economy that have been, for too long and too often, overlooked.
Tax Expenditure Estimation Tool Kit
This publication is designed to help tax analysts estimate revenue losses from tax expenditures and tax incentives. It presents the methodologies commonly used to estimate revenues forgone using varying sources of data. The publication discusses tax expenditure definitions, issues related to benchmarking and building an inventory of tax expenditures, and estimation methodologies using stylized models to show how to calculate revenues forgone when a tax concession is granted. It also provides an account of standard methodologies to calculate revenue foregone from different types of concessions in personal, corporate, and value-added tax using hypothetical calculations, discusses data sources, and assesses statistical issues around tax expenditure modeling.
Climate Resilient Fiscal Planning
This report shows how adopting good practices around climate-resilient fiscal planning can help decision-makers in Asia and the Pacific ramp up public and private resources to plug the yawning adaptation financing gap. Outlining a three-step framework, the report explains the need to effectively assess the rising impacts of climate change, develop a fiscal risk management strategy, and optimize available resources. It underscores why coherent action hinges on a solid understanding of the impacts of climate change and how central finance agencies can better integrate climate risk into decision-making to lead the drive towards economic resilience.
Understanding Cybersecurity Management in Decentralized Finance
This book discusses understand cybersecurity management in decentralized finance (DeFi). It commences with introducing fundamentals of DeFi and cybersecurity to readers. It emphasizes on the importance of cybersecurity for decentralized finance by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in DeFi. The book helps readers understand cyber threat landscape comprising different threat categories for that can exploit different types of vulnerabilities identified in DeFi. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software. The book includes the popular blockchains that support DeFi include Ethereum, Binance Smart Chain, Solana, Cardano, Avalanche, Polygon, among others. With so much monetary value associated with all these technologies, theperpetrators are always lured to breach security by exploiting the vulnerabilities that exist in these technologies. For simplicity and clarity, all vulnerabilities are classified into different categories: arithmetic bugs, re-Entrancy attack, race conditions, exception handling, using a weak random generator, timestamp dependency, transaction-ordering dependence and front running, vulnerable libraries, wrong initial assumptions, denial of service, flash loan attacks, and vampire Since decentralized finance infrastructures are the worst affected by cyber-attacks, it is imperative to understand various security issues in different components of DeFi infrastructures and proposes measures to secure all components of DeFi infrastructures. It brings the detailed cybersecurity policies and strategies that can be used to secure financial institutions. Finally, the book provides recommendations to secure DeFi infrastructures from cyber-attacks.
Pacific Economic Monitor - December 2023
Continued growth is expected in the Pacific, but governments need to generate additional resources for public infrastructure and services essential to sustaining economic development.This edition of the Pacific Economic Monitor presents the region's experiences in domestic resource mobilization (DRM), the process wherein governments generate their own resources to fund their operations. Policy briefs examine the case for improving DRM, explore digital transformation in tax administration, and discuss tourism, an important sector in many Pacific economies that may have a role to play in contributing to DRM.
The Federal Estate Tax
A comprehensive and accessible account of the U.S. estate tax, examining its history and evolution, structure and inner workings, and economic consequences. Governments have been levying some form of inheritance tax since the ancient Egyptians did so in the seventh century BC. In the United States, the federal government experimented with various forms of inheritance taxes, settling on an estate tax in 1916 and a gift tax in 1932. Despite this long history, there are few empirical studies of the federal estate tax. This book offers the first comprehensive look at U.S. estate and inheritance taxes, examining their history and evolution, structure and inner workings, and economic consequences. Written by David Joulfaian, a veteran economist at the U.S. Department of the Treasury, the book provides accessible accounts of such topics as changes in tax laws, issues of equity, the fiscal contribution of the estate tax, and its behavioral effects. Joulfaian traces the evolution of U.S. inheritance taxes from 1797 to the present, noting that the estate tax rate and base expanded through 1976, then began to decline. He describes the tax itself, explaining that it currently applies to estates and gifts in excess of $11.18 million, and outlines applicable deductions and credits. He sketches a profile of taxpayers and their beneficiaries; surveys the revenues from estate and gift taxes; and discusses the effect of estate taxation on labor decisions, saving and wealth accumulation, charitable giving, life insurance ownership, and other economic activities. Finally, he addresses criticisms of the estate tax and analyzes its shortcomings. Accompanying tables present a wealth of data gathered by Joulfaian in his research and not available elsewhere.
Cryptomania
For fans of Bad Blood and Too Big to Fail, an explosive, page-turning account of one of the largest financial frauds in US history, chronicling the utopian promises, human collateral, and incineration of billions of dollars in the 2022 crypto crash, by Time magazine's technology correspondent. As cryptocurrency rose in popularity during the pandemic, new converts bought into the idea that crypto would not only make them rich, but would usher in imminent revolutions across art, finance, politics, and gaming. Cryptocurrency caught the zeitgeist through figures like FTX CEO Sam Bankman-Fried, who only two years later would be convicted of one of the most calamitous acts of financial fraud in US history. During his meteoric rise, Sam Bankman-Fried outflanked idealists in the movement like Vitalik Buterin, who sought to build fairer, more democratic systems through Ethereum. Bankman-Fried pursued a growth-obsessed, by-any-means approach to crypto, which proved seductive to those who just wanted to get rich. But this Silicon Valley-like approach also drove the creation of a spate of high-risk financial instruments that mirrored those of the 2008 financial crisis. Accused of misleading investors and mishandling funds, Bankman-Fried became a target of prosecutors. Now, Cryptomania unfolds the tumultuous twenty months inside this male-dominated, overhyped industry that led to its downfall. Drawing on exclusive reporting and an extensive network in the global NFT community, Andrew Chow chronicles the battle for crypto's soul, and the human toll of its economic meltdown--from the conmen and eccentrics driving the bubble to the victims caught in its burst.
Microfinance and China's Regional Development
This book focuses on the innovative development of microfinance in China and takes Luqiao District, Taizhou as the example to sum up Chinese experiences in the local innovative development of microfinance and the application of that experience nationwide. Based on theoretical research regarding microfinance, this book analyzes the history and current situation of the development of microfinance in Luqiao District, and places emphasis on proceeding from three-pronged positioning, five characteristics and three major modes of microfinance's innovative development in Luqiao District to explore and summarize the Luqiao story of microfinance. Subsequently, this book takes five perspectives--the innovative development of small and medium-sized banks, the innovative development of non-banking financial institutions, the roles of private capital, the policies of the local government and cooperation between the Chinese Mainland and Taiwan--to analyze the experience and paths for helping the development of small and micro enterprises. Finally, based on the conclusions of the research, this book presents some inspirations from the innovative development of microfinance in Luqiao District and future prospects. This book will interest economists, scholars of China's economic model, and banking sector analysts.
The Determinants of Prices of Newbuilding in the Very Large Crude Carriers (VLCC) Sector
This dissertation examines the determinants of prices of newbuilding vessels in the VLCC market. Factors such as second-hand vessel prices, earnings of VLCCs, sales in the sector, DWT, scrap prices, and freight rates are analyzed using historical data. The findings suggest that ship owners should consider supply and demand dynamics, as well as factors like second-hand vessel prices, scrap prices, and freight rates when making vessel-acquisition decisions. The study provides valuable insights for ship owners in the VLCC sector
Make Dollars and Sense
"Make Dollars and Sense" is an inspiring and straightforward guide specially designed for everyday people: whether you're a beginner, recent graduate, a young professional, or someone looking to take control of your financial life. This book offers the essential knowledge and inspiration needed to enhance your skills in financial literacy, powerful mindset cultivation techniques, and motivation strategies to pave the way toward financial mindfulness and success.
The Uae Maritime Saga
"The UAE Maritime Saga delves into the rich history of the UAE's maritime industry, tracing its roots from humble beginnings with dhows ferrying trade goods to the global powerhouse it is today. The book explores the pivotal roles of pearl diving and fishing in shaping the region's economy. Globalization and the UAE's robust financial status have propelled its maritime sector to international prominence, with a strategic geographic location connecting diverse nations. Despite remarkable growth, environmental challenges loom, as climate change and carbon emissions affect the UAE. The book delves into the nation's proactive measures and sustainability initiatives, highlighting a promising future with innovative technology
Moneyless Society
IT'S TIME FOR AN ECONOMIC EVOLUTION.The evidence is all around us: Humans are squandering natural resources and destroying the environment. There is no real debate about climate change. And with an ever-widening wealth gap, inequality is destabilizing many regions and worsening famine, disease, and civil unrest. We must change, fast-and yet we hesitate.Moneyless Society: The Next Economic Evolution explores how capitalism throttles Earth's capacity to sustain life and undermines our deep longing to live in peace and prosperity. Fortunately, it also provides a blueprint for innovative thinking and new structures to replace our outmoded monetary system. In short, Moneyless Society illuminates just how much our lives and those of future generations could improve with a new kind of freedom: freedom from money.We are at a crossroads: we can choose abundance, community, and prosperity, or we can continue down the path toward collapse. The choice is ours.
The Professional Handbook on Chasing Wealth
This book is meant to satisfy those who aspire to reach new heights via the application of incredibly basic, yet effective ideas that have the capacity to dramatically transform your life.It is a book that unearths facts that will provide a lasting incentive enabling us to bring our inner reserves of strength and dynamic willpower to the forefront; it is neither meant to be a philosophical dissertation nor a book based on speculative study.A revitalised awareness of our boundless latent inner energies yearning to burst into the open is kindled by its concise yet forceful words, which encompass profound and dynamic realities. This collection of useful expressions has the power to bestow prosperity, health, success, and long-lasting delight.
Impact Investing for a Sustainable Planet
Impact Investing for a Sustainable Planet guides investors in supporting entrepreneurs to scale business models which maximize positive impact outcomes, including climate and nature-based solutions.
The Rothschild Dynasty
Dr. John Coleman, author of The Committee of 300, tells how Mayer Amschel, the founder of the "Red Shield" dynasty acquired his first fortune. It is a far cry from the myths and legends that still surround the man who began as a rag and bone merchant and pawnbroker, working out of a small house on Judenstrasse, Frankfurt on the Main, Germany, where he lived with his wife and family. The events attributed to history are often caused by a "hidden hand" pulling the strings of kings, princes and potentates from behind the scenes. The phenomena is explained and the legends that have grown up around the Rothschilds are demolished by this book that also reveals the Rothschild's intriguing that brought down men like Napoleon and Tsar Alexander II of Russia. Legends has it that Mayer Amschel Rothschild's "genius and financial skills" were inherited by his sons, but the truth is quite a different story, as Dr. Coleman makes very clear in this well documented account that goes far beyond the best known legends cloaking the true character of the family. Exactly how Mayer Amschel Rothschild "stuck it lucky" and the steps he took that brought the family from obscurity to "virtual rulers of all Europe," makes fascinating reading. This outstanding book is not only about the past, it is also about the present and the future. It will help to explain many of the events that perplex the ordinary people like the war in Iraq and the war threats against Iran.
Black People Have Made Poverty A Destination
Poverty is not a destination it is a place where people end up when systematic lifestyles are accepted as the norm. The new way of life has to be better than the way we are told to live by those who keep us as molds.
Contemporary Challenges in Social Science Management
The digital revolution and automation are accelerating changes in the labour market and in workplace skills. Affected by changes in international economics and opportunities for employment, in the workplace individuals seek to acquire relevant skills and retain transferable skills to be employable and to remain in employment. Contemporary Challenges in Social Science and Management Part A and B explore in detail the theoretical competency framework to address these gaps and shortages in different disciplines and sectors. The global drivers of change are analysed and the opportunities and challenges for skills development are investigated, include the transition from education to employment in knowledge-based sectors in different countries. Enriched and strengthened with European case studies of real-life situations providing a practical and industry insights, the volumes collate experts in Economics, Finance, Public Policy, Human Resources, and Risk management, contributing on employability, labour markets, sustainability, and skills of the future from across the globe. Contemporary Studies in Economic and Financial Analysis publishes a series of current and relevant themed volumes within the fields of economics and finance. Both disciplinary and interdisciplinary studies are welcome.
How to Value a Bank
This book gives an overview of the most common techniques used by analysts and experts to assess and value banks in all phases of a Bank's life, from licensing to resolution. These include licensing procedures, going concern market valuation techniques, liquidation, and resolution methodologies. The author sheds light on financial institutions' reporting and financial statements and explains how to interpret the data. Special attention is given to the different valuation approaches for financial institutions ranging from the basic PE and PBV methodologies to the more sophisticated ones such Discount cash flow (DCF), Dividend discount model (DDM), excess return models (EVA), and their variant, the warranted equity value (WEV) method. The authors also illustrate how to build a sum-of-the-parts model (SOTP) and how to treat capital in the process as well as developing a bottom-up approach for the cost of equity. The book provides numerous real-world examples which will hopefully help practitioners build their own MS Excel models. Furthermore, this publication investigates some of the critical aspects of banking M&A and its valuation implications. This book also takes a deep dive into valuation for Banks in gone concern status, describing the basis for three different types of valuation of Banks in resolution: to inform a decision on whether to put a bank into resolution; to inform the choice of resolution tools and the extent of any bail-in of liabilities; and to determine whether any creditors would have been better off had the bank gone into insolvency. Special attention is given to the valuation of non-performing loans (NPLs) and financial assets focusing on some operational aspects of winding-down a bank's loan and trading book portfolio.
Insolvency and Bankruptcy Reforms in India
This book is about the establishment of the Insolvency and Bankruptcy Code, in 2016, one of the most important new developments in Indian commercial law. The law has major implications for firms, their creditors, and a variety of the professional services that feed into the decisions of borrowers and lenders including lawyers, accountants and valuers. A new profession of insolvency professionals has come to exist owing to the law. There are several questions about bankruptcy reform in the mind of researchers, policy makers and practitioners. How has the reform progressed? How has it reshaped the incentives of firms? What are the difficulties faced? What are the optimal paths for borrowers and lenders and their advisors under the rubric of the law? How should laws and institutions be modified? The book has a unique set of chapters, by key people who have shaped the field which offer novel insights into these questions.The book has been edited by key people who have worked on bankruptcy reform since 2010. Dr. Sahoo has been the chairperson of the Insolvency and Bankruptcy Board of India since the establishment of this regulatory agency. Dr. Thomas was a member of the Bankruptcy Law Reforms Committee which drafted the IBC, and led the internal team of the BLRC which drafted the law. The book is an authentic and credible analysis of the happenings in the Indian insolvency and bankruptcy ecosystem from the start, with interest areas for international and domestic, economics/finance and law, researcher and practitioner communities.
