Finance Masters

Author: Olivier Coispeau
Publisher: World Scientific
ISBN: 9813108843
Format: PDF
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One thousand years ago, a handful of dynamic medieval city states developed trade at the frontier of capitalism. Their unique commercial ambition led to the emergence of finance capitals of international significance: Finance Masters. From the 11th century onward, international financial hubs, led by astute and bold merchant bankers and visionary leaders, inspired the numerous innovations that triggered economic revolutions in the last millennium and laid the ground for modern finance. This book explores not only classic financial centers, but also offshore financial centers and gambling centers to connect them to contemporary finance, and it also delves into the unique function of leading financial hubs to execute financial transactions over a wide geographical domain and transform the world economy. The 2008–2009 Great Recession showed that working on fundamental issues such as market structure, pricing mechanism, and games was indeed necessary but probably still insufficient to create the antibodies needed to mitigate systemic risk and prevent the irrational exuberance capable of triggering devastating economic crash. In the continuation of the Theory of Moral Sentiments written by Adam Smith in 1759, seventeen years before his Wealth of Nations, it seems a deeper historical understanding of the key success factors which quietly assembled in the backyard of our market economy can be a useful lifeline. This book aims to explain the widening gulf that emerged over time between economics, regulatory and ethical considerations necessary to a smoother functioning of markets. Finance Masters is also a book about the extraordinary men who led the evolution of modern finance with the innovations that changed the course of economic history. This book tries to capture the salient factors behind the geography of finance hubs from the early fairs in medieval England and Venice to Wall Street in contemporary New York. The development and the legacy of those "Finance Masters" deserve more attention to reflect upon the evolution of incumbent players and better understand their possible future. This book a must read for economics and finance students and young finance professionals, who seek a broader and better understanding of the origins of modern economics.

Finance Masters

Author: Olivier Coispeau
Publisher: World Scientific Publishing Company
ISBN: 9789813108820
Format: PDF, Docs
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"This book explores not only classic financial centers, but also offshore financial centers and gambling centers to connect them to contemporary finance, and it also delves into the unique function of leading financial hubs to execute financial transactions over a wide geographical domain and transform the world economy." -- Page 4 de la couverture.

Diversity in Coastal Marine Sciences

Author: Charles W. Finkl
Publisher: Springer
ISBN: 3319575775
Format: PDF, ePub
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This book integrates a wide range of subjects into a coherent purview of the status of coastal marine science. Designed for the professional or specialist in coastal science, oceanography, and related disciplines, this work will appeal to workers in multidisciplinary fields that strive for practical solutions to environmental problems in coastal marine settings around the world. Examples are drawn from many different geographic areas, including the Black Sea region. Subject areas covered include aspects of coastal marine geology, physics, chemistry, biology, and history. These subject areas were selected because they form the basis for integrative investigation of salient environmental problems or perspective solutions or interpretation of historical context.

Singapore

Author: John Curtis Perry
Publisher: Oxford University Press
ISBN: 0190469501
Format: PDF, Mobi
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"The life of Singapore as an independent nation since 1965 has coincided with explosive growth, both of world trade and world wealth. Trade, heavily seaborne, now contributes more than half of global GNP. Largely by exploiting changing uses of the ocean, Singapore has grown remarkably rich. Constant and continuing comment in the media concerning Singapore's dramatic economic and organizational achievement has yet to find its way into a book, and this one is the first to put the story of Singapore into a global maritime context, describing and analyzing how, despite many life-threatening crises, Singapore, by using the sea, survived and prospered far beyond even its own expectations. Putting priority upon economic development and maintaining the social and economic stability that Singapore's authoritarian government has thought necessary to achieve this growth has provoked heated controversy both among Singaporeans and outside observers. Although opposition is too weak to challenge the government successfully, the struggle to define an acceptable balance between freedom and control continues. This question takes on a universal concern, intensified in our age of terrorism with its new challenges to order and stability. To what extent does authority stifle creativity?"--Provided by publisher.

Eine kurze Geschichte der Menschheit

Author: Yuval Noah Harari
Publisher: DVA
ISBN: 364110498X
Format: PDF, ePub, Docs
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Krone der Schöpfung? Vor 100 000 Jahren war der Homo sapiens noch ein unbedeutendes Tier, das unauffällig in einem abgelegenen Winkel des afrikanischen Kontinents lebte. Unsere Vorfahren teilten sich den Planeten mit mindestens fünf weiteren menschlichen Spezies, und die Rolle, die sie im Ökosystem spielten, war nicht größer als die von Gorillas, Libellen oder Quallen. Vor 70 000 Jahren dann vollzog sich ein mysteriöser und rascher Wandel mit dem Homo sapiens, und es war vor allem die Beschaffenheit seines Gehirns, die ihn zum Herren des Planeten und zum Schrecken des Ökosystems werden ließ. Bis heute hat sich diese Vorherrschaft stetig zugespitzt: Der Mensch hat die Fähigkeit zu schöpferischem und zu zerstörerischem Handeln wie kein anderes Lebewesen. Anschaulich, unterhaltsam und stellenweise hochkomisch zeichnet Yuval Harari die Geschichte des Menschen nach und zeigt alle großen, aber auch alle ambivalenten Momente unserer Menschwerdung.

Special Responsibilities

Author: Mlada Bukovansky
Publisher: Cambridge University Press
ISBN: 1107379814
Format: PDF, Kindle
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The language of special responsibilities is ubiquitous in world politics, with policymakers and commentators alike speaking and acting as though particular states have, or ought to have, unique obligations in managing global problems. Surprisingly, scholars are yet to provide any in-depth analysis of this fascinating aspect of world politics. This path-breaking study examines the nature of special responsibilities, the complex politics that surround them and how they condition international social power. The argument is illustrated with detailed case-studies of nuclear proliferation, climate change and global finance. All three problems have been addressed by an allocation of special responsibilities, but while this has structured politics in these areas, it has also been the subject of ongoing contestation. With a focus on the United States, this book argues that power must be understood as a social phenomenon and that American power varies significantly across security, economic and environmental domains.

The Status Quo Crisis

Author: Eric Helleiner
Publisher: Oxford University Press
ISBN: 0199973652
Format: PDF, ePub
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The 2008 financial crisis was the worst since the Great Depression and many voices argued that it would transform global financial governance. Analysts anticipated a "Bretton Woods moment", referring to the 1944 conference that established the postwar international financial order. Widespread expectations of change were then reinforced by the creation of the G20 leaders' forum, extensive debates about the dollar's global role, the launching of international financial regulatory reforms, and the establishment of the Financial Stability Board. But half a decade later, how much has really changed? In The Status Quo Crisis, Helleiner surveys the landscape and argues that continuity has marked global financial governance more than dramatic transformation. The G20 leaders forum contributed much less to the management of the crisis than advertised. The US dollar remains unchallenged as the world's dominant international currency. The market-friendly nature of pre-crisis international financial regulation has been not overturned in a significant manner. And the Financial Stability Board has strengthened the governance of international financial standards in only very modest ways. What we are left with are some small-bore incremental changes that, collectively, have not fundamentally restructured the governance of the global financial system. Helleiner argues that this strangely conservative result was generated partly by the structural power and active policy choices of the country at the center of the crisis: the United States. Status quo outcomes also reflected the unexpected weakness of Europe and conservatism of policymakers in large emerging market countries. Only if this distinct configuration of power and politics among and within influential states shifted in the coming years might the 2008 crisis leave a more transformative legacy over the longer term. Cutting against much of the received wisdom on offer today, The Status Quo Crisis will be essential reading for those interested in the politics of global finance and for anyone curious how expectations of change can be thwarted after even in the most dire of crises.

The Emerging Middle East Financial Markets

Author: Henry T. Azzam
Publisher: AuthorHouse
ISBN: 150493282X
Format: PDF, Docs
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The book aims to unravel the potentials of Middle East financial markets, which are spread over a large and wealthy part of the world. These markets are gradually being opened for international investors seeking diversification and rewarding risk adjusted returns. However, opening up to international investors is a necessary but not a sufficient condition to attract institutional money needed to provide depth and professionalism to these markets. Without a cultural shift towards more transparency, better regulations and governance, and the availability of custody, clearance and equity research, up to international best practice, not much institutional money will be forthcoming to the region. Funding sources in the Middle East and North Africa Region are still predominantly channeled through the banking system, with equity and fixed income markets playing a marginal role. While the world’s financial markets show on average a balanced structure of bank assets, stock market capitalization and debt securities, the capital mix in the region is heavily skewed towards bank assets with a share of 58.8%, equities around 34% and debt securities (bonds and Sukuk) 7.2%. Stock markets of the UAE and Qatar have recently been upgraded to emerging market status, which together with Egypt are the only three Arab countries that have selected listed companies featuring in the Morgan Stanley Capital Index for Emerging Markets (MSCI EM). Saudi Arabia has opened its stock market to direct investment by foreign financial institutions in the second half of 2015. The opening of the Saudi stock market is a major positive development for the region’s capital markets. The path ahead for MENA finance has become now clearer. The relative weight of commercial banks in the financial system will diminish gradually, and a wider range of financial services will be provided by deeper and increasingly more sophisticated debt and equity capital markets, in line with worldwide trends. Sharia compliant products, such as Sukuk, are expected to continue to grow at double-digit rate to meet the strong demand generated regionally and internationally.

Finance Ethics

Author: Albert Löhr
Publisher: Rainer Hampp Verlag
ISBN: 3866185553
Format: PDF, Docs
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Die globale Finanzkrise 2007 fand ihren Ausdruck zunächst in der Bankenkrise. Dadurch wurde die Ausbreitung dieser auf andere Branchen unumgänglich. Diese Krise machte unmissverständlich klar, dass der Ausschluss von Moral und Ethik im traditionellen Verständnis von Finanzen nicht mehr zu halten ist. Gefragt wird danach: Ist Ethik im Finanzbereich denkbar? Welche Normativitätsverständnisse im Bereich Finanzen sind begründbar? Welche Implementationsansätze von Ethik und Finanzen lassen sich von Theorie und Praxis ableiten? Diesen Fragen widmeten sich die Referenten der `Finance & Ethics` Tagung, organisiert vom Internationalen Hochschulinstitut Zittau und dem Deutschen Netzwerk Wirtschaftethik e.V. Dieser Band dokumentiert Ergebnisse dieser Tagung. Das Deutsche Netzwerk Wirtschaftsethik – EBEN Deutschland e.V. fördert das Verständnis der normativen Grundlagen wirtschaftlichen Handelns in der modernen Gesellschaft. Die vorliegende Schriftenreihe versteht sich als ein Forum, das der wissenschaftlichen Diskussion, vor allem aber dem Brückenschlag zwischen Theorie und Praxis gewidmet ist.