Forex Books - page 109

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Money in International Exchange by Ronald I. McKinnon : the book

Focusing on monetization of international trade per se, the text analyses common financial practices of merchants and manufacturers, commerical banks and central banks.

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Harry Georgakopoulos, "Quantitative Trading with R: Understanding Mathematical and Computational Tools from a Quant's Perspective" : the book

Quantitative Trading with R offers readers a winning strategy for devising expertly-crafted and workable trading models using the R open-source programming language. Based on the author's own experience as a professor and high-frequency trader, this book provides a step-by-step approach to understanding complex quantitative finance problems and building functional computer code. This is an introductory work for students, researchers, and practitioners interested in applying statistical-programming, mathematical, and financial concepts to the creation and analysis of simple and practical trading strategies. No prior programming knowledge is assumed on the part of the reader. Georgakopoulos outlines basic trading concepts and walks the reader through the necessary math, data analysis, finance, and programming concepts necessary to successfully implement a strategy. Multiple examples are included throughout the work containing useful computer code that can be applied directly to real-world trading models. Individual case studies are split up into smaller modules for impact and retention. Chapters contain a balanced mix of mathematics, finance, and programming theory, and cover such topics as linear algebra, matrix manipulations, statistics, data analysis, and programming constructs. Upon completion of the book, readers will know how to research, analyze, backtest, and code up a successful trading strategy.

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Damn, It Feels Good to Be a Banker: And Other Baller Things You Only Get to Say If You Work on Wall Street by Leveraged Sell-Out : the book

Damn It Feels Good To Be A Banker is a Wall Street epic, a war cry for the masses of young professionals behind desks at Investment Banks, Hedge Funds, and Private Equity shops around the world. With chapters like "No. We do not have any `hot stock tips' for you," "Mergers are a girl's best friend," and "Georgetown? I wouldn't let my maids' kids go there," the book captures the true essence of being in high finance.

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Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality by Jean-Robert Tyran : the book

In principle, money illusion could explain the inertial adjustment of prices after changes of monetary policy. Hence, money illusion could provide an explanation of monetary non-neutrality. However, this explanation has been thoroughly discredited in modern economics. As a consequence, economists have ever since the 1970s searched for alternative explanations for nominal rigidity. These explanations are all based on the assumption of fully rational economic agents, holding rational expectations. This book argues that money illusion has been prematurely dismissed as an explanation of monetary non-neutrality. Methods of experimental economics are used to investigate the real aggregate effects of money illusion. It is shown that money illusion in fact causes (short-run) real income effects if strategic complementarity prevails. Strategic complementarity is an important characteristic of naturally occurring macroeconomies and is a recurrent theme in most models explaining nominal rigidity.

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Peter J. Wallison, "Hidden in Plain Sight: What Really Caused the World’s Worst Financial Crisis and Why It Could Happen Again" : the book

The 2008 financial crisis—like the Great Depression—was a world-historical event. What caused it will be debated for years if not generations. The conventional narrative about the financial crisis is that it was caused by greed on Wall Street and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive regulation of the financial system since the New Deal. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will bring back another financial crisis.

However, there is a competing narrative about what caused the financial crisis that has received very little attention in the mainstream media. This view, which is accepted by almost all Republicans in Congress and most conservatives and conservative intellectuals, contends that the financial crisis was caused by the government’s housing policies. This book provides extensive documentation of this view. For example, it shows that in June 2008, before the crisis, there were 32 million subprime or other low quality mortgages in the US financial system—58 % of all US mortgages. Of these, 76% were on the books of government agencies such as Fannie Mae and Freddie Mac. When these mortgages defaulted in 2007 and 2008 they drove down housing prices 30-40% and weakened banks and others that held these mortgages, causing the financial crisis.

After the publication of this book, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend the extensive government regulation in Dodd-Frank, without coming to terms with the data this book contains.

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The Determinants of Currency Crises: A Political Economy Approach by Bjorn Rother : the book

This book explores the role of political factors in the occurrence of currency crises, using an eclectic approach that blends case studies, a rigorous theoretical discussion, and econometric analysis.

A lot of research has been carried out on currency crises, but the existing literature largely fails to adequately recognize the role of politics in creating financial turbulence. This book explains the role of political factors in the occurrence of currency crises, using an eclectic approach that blends case study methodology, a rigorous theoretical discussion, and econometric analysis.

A lot of research has been carried out on currency crises, but the existing literature largely fails to adequately recognize the role of politics in creating financial turbulence. This book explains the role of political factors in the occurrence of currency crises. It starts out with a discussion of political developments in four prominent crisis cases, including Turkey and Argentina in the early 2000s, before discussing various extensions of a workhorse model of the economics literature, two of which are original, to show how upcoming elections, intra-governmental conflict, and lobbying activity can impact the stability of an exchange rate regime. The econometric analysis uses a diverse sample of 69 countries over 1975-97 to determine whether the inclusion of political variables can make a difference in crisis prediction without adding too much complexity, compared with standard early-warning-systems models that rely exclusively on macroeconomic fundamentals.

This book provides a thorough and in-depth report, seeking to translate concepts from the discipline of political science into the language of economics. It is essential reading for all interested in international political economy and financial crises.

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Derivatives Analytics with Python: Data Analysis, Models, Simulation, Calibration and Hedging by Yves Hilpisch : the book

Supercharge options analytics and hedging using the power of Python Derivatives Analytics with Python shows you how to implement market-consistent valuation and hedging approaches using advanced financial models, efficient numerical techniques, and the powerful capabilities of the Python programming language. This unique guide offers detailed explanations of all theory, methods, and processes, giving you the background and tools necessary to value stock index options from a sound foundation. You'll find and use self-contained Python scripts and modules and learn how to apply Python to advanced data and derivatives analytics as you benefit from the 5,000+ lines of code that are provided to help you reproduce the results and graphics presented. Coverage includes market data analysis, risk-neutral valuation, Monte Carlo simulation, model calibration, valuation, and dynamic hedging, with models that exhibit stochastic volatility, jump components, stochastic short rates, and more. The companion website features all code and IPython Notebooks for immediate execution and automation. Python is gaining ground in the derivatives analytics space, allowing institutions to quickly and efficiently deliver portfolio, trading, and risk management results. This book is the finance professional's guide to exploiting Python's capabilities for efficient and performing derivatives analytics. * Reproduce major stylized facts of equity and options markets yourself * Apply Fourier transform techniques and advanced Monte Carlo pricing * Calibrate advanced option pricing models to market data * Integrate advanced models and numeric methods to dynamically hedge options Recent developments in the Python ecosystem enable analysts to implement analytics tasks as performing as with C or C++, but using only about one-tenth of the code or even less. Derivatives Analytics with Python Data Analysis, Models, Simulation, Calibration and Hedging shows you what you need to know to supercharge your derivatives and risk analytics efforts.

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Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations by Brendan Brown : the book

Euro Crash is a unique analysis of the European Monetary Union, arguing that it was not sub-optimal currency areas or profligate government spending but instead fatal flaws in monetary design and an appalling series of policy mistakes by the European Central Bank that lead to the current and ongoing Eurozone crisis. Brendan Brown shows how the inflation-targeting regime established by the ECB right at the start, coupled with the reckless dismantling of the old Bundesbank's monetary framework, contributed decisively to the ensuing gross failures. Further factors in the fatal cocktail included long-term French monetary nationalism, empowered by a French President at the head of the ECB, and the succumbing of euro officials to the same deflation phobia which had gripped the Federal Reserve. In exploring these themes, Dr. Brown draws on both traditional monetarist and Austrian School economic literature. He demonstrates that the European Sovereign Debt Crisis is in fact the bust phase of a credit bubble which to a critical extent was manufactured in Frankfurt's Euro Tower. This revised edition of Euro Crash turns its attention towards the issue of asset price inflations, discussing its origin, how it attacks the economic and financial system, and the role of the central bankers (both in Europe and the US) in intensifying the swings in the temperature of speculative fever. It also includes a brand new chapter on how the German Chancellor, Angela Merkel, and ECB President, Draghi, joined in an effective coup during the summer of 2012 against the monetary constitution (in the Maastricht Treaty) and how they prevailed against weak opposition. This book will be of great interest to all those searching for explanations and prescriptions outside the box of conventional thinking and beyond the 'passing the buck' remedies of euro officials.

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Other People's Money: Masters of the Universe or Servants of the People? By John Kay : the book

We all depend on the finance sector. We need it to store our money, manage our payments, finance housing stock, restore infrastructure, fund retirement and support new business. But these roles comprise only a tiny sliver of the sector's activity: the vast majority of lending is within the finance sector. So what is it all for? What is the purpose of this activity? And why is it so profitable?

Industry insider John Kay argues that the finance world's perceived profitability is not the creation of new wealth, but the sector's appropriation of wealth - of other people's money. The financial sector, he shows, has grown too large, detached itself from ordinary business and everyday life, and has become an industry that mostly trades with itself, talks to itself, and judges itself by reference to standards which it has itself generated. And the outside world has itself adopted those standards, bailing out financial institutions that have failed all of us through greed and mismanagement.

We need finance, but today we have far too much of a good thing. In Other People's Money, John Kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector.

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Forex Trading Pro System :

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The Forex Trading Pro System contains over FIVE hours of training videos and has all the information, the techniques, tips, all of the tricks, and all of the strategies you need to start trading the forex market successfully! It teaches you (Step-By-Step) the exact strategies and systems used by professional traders. No other system even comes close to what this one has to offer. No other system actually tries to understand the market.

Here's An Overview Of What You're Going To Learn...

Forex Trading Pro System Video Course

Download and install free software for viewing charts

Start making simple trades.

Customize your Forex trading charts for maximum effectiveness

Duplicate successful trades shown in our live examples

Control your risk so that you can succeed where 95% of other traders fail

What the professionals know about Forex correlation and how it can multiply your profits.

How to turn a profit using scalping, day trading and position trading techniques.

Discover top-down price analysis to see the market's REAL trends.

Custom Indicators - These special indicators are the same ones we use in our live trading examples.

Charting & Trading Apps - Learn about software that helps you in charting, trading and keeping everything organized.

Plus more, much more!