Forex Books - page 54

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Guy Cohen, "Volatile Markets Made Easy: Trading Stocks and Options for Increased Profits" : the book

"Volatile Markets Made Easy is not just a book; it is a full course of instruction. This is an incredible piece of work." --Ned W. Bennett, CEO/Cofounder, optionsXpress, Inc. "I highly recommend Guy Cohen's Volatile Markets Made Easy, which introduces to the world his simple approach utilizing flag chart patterns to capitalize on trending stocks.
 

Thanks for sharing the book.

 

Jeremy J. Siegel, "Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long Term Investment Strategies, 4th Edition" : the book

Stocks for the Long Run set a precedent as the most complete and irrefutable case for stock market investment ever written. Now, this bible for long-term investing continues its tradition with a fourth edition featuring updated, revised, and new material that will keep you competitive in the global market and up-to-date on the latest index instruments.
 

Financial Derivatives Pricing: Selected Works of Robert Jarrow by Robert A. Jarrow : the book

This book is a collection of original papers by Robert Jarrow that contributed to significant advances in financial economics. Divided into three parts, Part I concerns option pricing theory and its foundations.

The papers here deal with the famous Black Scholes Merton model, characterizations of the American put option, and the first applications of arbitrage pricing theory to market manipulation and liquidity risk.

Part II relates to pricing derivatives under stochastic interest rates. Included is the paper introducing the famous Heath Jarrow Morton (HJM) model, together with papers on topics like the characterization of the difference between forward and futures prices, the forward price martingale measure, and applications of the HJM model to foreign currencies and commodities.

Part III deals with the pricing of financial derivatives considering both stochastic interest rates and the likelihood of default. Papers cover the reduced form credit risk model, in particular the original Jarrow and Turnbull model, the Markov model for credit rating transitions, counterparty risk, and diversifiable default risk.

Contents: Option Pricing Theory and Its Foundations:; Approximate Option Valuation for Arbitrary Stochastic Processes (R Jarrow & A Rudd); Arbitrage, Continuous Trading, and Margin Requirements (D Heath & R Jarrow); Market Manipulation, Bubbles, Corners, and Short Squeezes (R Jarrow); Liquidity Risk and Arbitrage Pricing Theory (Utin et al.); Stochastic Interest Rates:; Liquidity Premiums and the Expectations Hypothesis (R Jarrow); Forward Contracts and Futures Contracts (R Jarrow & G Oldfield); Pricing Foreign Currency Options Under Stochastic Interest Rates (K Amin & R Jarrow); Credit Risk:; Pricing Derivatives on Financial Securities Subject to Credit Risk (R Jarrow & S Turnbull); Counterparty Risk and the Pricing of Defaultable Securities (R Jarrow & F Yu); Market Pricing of Deposit Insurance (D Duffie et al.); and other papers.
 

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel : the book

The best investment guide money can buy, with over 1.5 million copies sold, now fully revised and updated. Especially in the wake of the financial meltdown, readers will hunger for Burton G. Malkiel’s reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio, A Random Walk Down Wall Street features new material on the Great Recession and the global credit crisis as well as an increased focus on the long-term potential of emerging markets. Malkiel also evaluates the full range of investment opportunities in today’s volatile markets, from stocks, bonds, and money markets to real estate investment trusts and insurance, home ownership, and tangible assets such as gold and collectibles. These comprehensive insights, along with the book’s classic life-cycle guide to investing, chart a course for anyone seeking a calm route through the turbulent waters of the financial markets.
 

Time Series Models for Business and Economic Forecasting, 2 edition by Philip Hans Franses, Dick van Dijk and Anne Opschoor : the book

With a new author team contributing decades of practical experience, this fully updated and thoroughly classroom-tested second edition textbook prepares students and practitioners to create effective forecasting models and master the techniques of time series analysis. Taking a practical and example-driven approach, this textbook summarises the most critical decisions, techniques and steps involved in creating forecasting models for business and economics. Students are led through the process with an entirely new set of carefully developed theoretical and practical exercises. Chapters examine the key features of economic time series, univariate time series analysis, trends, seasonality, aberrant observations, conditional heteroskedasticity and ARCH models, non-linearity and multivariate time series, making this a complete practical guide. A companion website with downloadable datasets, exercises and lecture slides rounds out the full learning package.
 

Anat Admati, Martin Hellwig, "The Bankers' New Clothes: What's Wrong with Banking and What to Do about It" : the book

What is wrong with today's banking system? The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines this claim and the narratives used by bankers, politicians, and regulators to rationalize the lack of reform, exposing them as invalid.

Admati and Hellwig argue we can have a safer and healthier banking system without sacrificing any of the benefits of the system, and at essentially no cost to society. They show that banks are as fragile as they are not because they must be, but because they want to be--and they get away with it. Whereas this situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. Weak regulation and ineffective enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better system and prevent crises. Yet the lessons from the crisis have not been learned.

Admati and Hellwig seek to engage the broader public in the debate by cutting through the jargon of banking, clearing the fog of confusion, and presenting the issues in simple and accessible terms. The Bankers' New Clothes calls for ambitious reform and outlines specific and highly beneficial steps that can be taken immediately.
 

Financial Market Bubbles and Crashes By Harold L. Vogel : the book

Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book presents a plausible and accessible descriptive theory and empirical approach to the analysis of such financial market conditions. It advances such a framework through application of standard econometric methods to its central idea, which is that financial bubbles reflect urgent short side rationed demand. From this basic idea, an elasticity of variance concept is developed. It is further shown that a behavioral risk premium can probably be measured and related to the standard equity risk premium models in a way that is consistent with conventional theory.
 

Vincent Darley; Alexander V. Outkin - Nasdaq Market Simulation: Ins on a Major Market from the Science of Complex Adaptive Systems : the books

This pioneering book describes the applications of agent-based modeling to financial markets. It presents a new paradigm for finance, where markets are treated as complex systems whose behavior emerges as a result of interactions of market participants, market institutions, and market rules. This includes both a presentation of the conceptual model and its software implementation. It also summarises the result of the profound research on the successful practical application of this new approach to answer questions regarding the Nasdaq Stock Market s decimalization that was implemented in 2001. The book presents conceptual foundations for modeling markets as complex systems. It describes the agent-based model of the Nasdaq stock market, including strategies used by market-makers and investors, market participants interactions, and impacts of rules and regulations. It includes analyses of simulation behavior, comparison with the behaviors observed in the real-world markets (existence of fat tails, spread clustering, etc.), and predictions about possible outcomes of decimalization. A framework for calibrating the market behavior and individual market-makers strategies to historical data is also presented.
 

An Elementary Introduction To Stochastic Interest Rate Modeling, 2nd Edition by Nicolas Privault : the book

Interest rate modeling and the pricing of related derivatives remain subjects of increasing importance in financial mathematics and risk management. This book provides an accessible introduction to these topics by a step-by-step presentation of concepts with a focus on explicit calculations. Each chapter is accompanied with exercises and their complete solutions, making the book suitable for advanced undergraduate and graduate level students.

This second edition retains the main features of the first edition while incorporating a complete revision of the text as well as additional exercises with their solutions, and a new introductory chapter on credit risk. The stochastic interest rate models considered range from standard short rate to forward rate models, with a treatment of the pricing of related derivatives such as caps and swaptions under forward measures. Some more advanced topics including the BGM model and an approach to its calibration are also covered.

Readership: Advanced undergraduates and graduate students in finance and actuarial science; practitioners involved in quantitative analysis of interest rate models.
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