In an age of uncertainty, peering 15 years into the future may seem like hubris. But ignoring long-term
trends—demographic, economic, corporate—is an even less attractive option. Understanding the long-term future is vital in ensuring that strategies are sustainable, that opportunities are identified at an early stage and that challenges are addressed beforethey become insurmountable.
This report assesses likely changes to the global economy, to eight major industries and to corporate structures between now and 2020. Our research drew on three main initiatives....
Financial economics plays a far more prominent role in the training of economists than it did even
a few years ago.
This change is generally attributed to the parallel transformation in capital markets that has
occurred in recent years. It is true that trillions of dollars of assets are traded daily in ¯nancial
markets|for derivative securities like options and futures, for example|that hardly existed a
decade ago. However, it is less obvious how important these changes are.
Option trading enjoyed explosive growth during the late
1990s and into the start of the new millennium, particularly
among individuals. Traders whose bankrolls were fattened by
the great bull market in stocks fueled part of this growth. Having
enjoyed great success in the stock market, many people decided
to try to increase their gains by accessing the leverage associated
Iattribute my success as a teacher, trader, and businessman to the
incredible support I receive each and every day from my friends, family,
and colleagues. I am fortunate to be able to do the job I enjoy with
some of the most extraordinary people in the business. I would like to
thank everyone at Optionetics who has helped to build our company into
a global one. Your hard work and team spirit allow me to do what I love
to do: trade options. Without you, this book would not be possible. You are
all simply the best. In particular, and in no order of importance, I would
Starting to trade options can be stressful and unsettling, but it doesn’t have
to be. By learning to trade options systematically and by fostering a patient
approach, a new trader can become successful. Options trading requires
an understanding of the characteristics of options and this takes time to
master. Nonetheless, a person who is willing to study and work hard can
The MP3EI is a very ambitious plan. It aims to propel Indonesia into the top ten worldwide
economies and raise income per capita from US$ 3000 to US$ 15,000 by 2025. The policy rests
on three main pillars: establishing six economic corridors based on the comparative advantage of
the different regions of Indonesia; promoting connectivity within Indonesia, the ASEAN region
and globally as well as improving human resources and science and technology. PPPs are
expected to play an important role in the implementation of the MP3EI.
In August 1976 the Committee on Technology and International Economic
and Trade Issues examined a number of technological issues and their
relationship to the potential entrepreneurial vitality of the U.S. economy. The
committee was concerned with:
• Technology and its effect on trade between the United States and other
countries of the Organization for Economic Cooperation and
• Relationships between technological innovation and U.S. productivity
and competitiveness in world trade; impacts of technology and trade on
The AKT solfware and WaNuLCAS modelling combined nicely to evaluate both the current and future ecological effects and economic potential of the bamboo- based AF systems. Under hedgerow intercropping (BambooHed), bamboo prevents erosion and improves soil fertility. The bamboo products (mainly from Tre gai and Hop species) harvested from the hedges provide farmers with important income as well as material for household.
Ebook The economics of Environmental Management in Vietnam is compiled with the content: Overview of economic research on environmental issues in Vietnam; the on site costs of soil erosion and benefi ts of soil conservation in the mountainous regions of northern Vietnam; the on site costs of soil erosion and choice of land use systems by upland farmers in central vietnam; environmental consequences of and pollution control options for pond “tra” fish production in the mekong delta a case study in thotnot district, Cantho city; incentives for wastewater management in industrial estates...
Guangdong, a province of over 93 million residents, is located on the southern coast of China, boarding with Hong Kong, China. As China'Ź"s powerhouse for economic growth and a pioneer of reform and opening up, Guangdong has maintained an annual average GDP growth rate of 13.7 percent over the past three decades. Its historical achievements notwithstanding, Guangdong witnessed increased inequality and regional disparity.
This paper reports on exploratory research to identify the most important legal and economic implications of electronic discovery and to develop a research plan in this subject area for the RAND Institute for Civil Justice. To achieve these objectives, we reviewed the current state of electronic discovery (e-discovery) law and practices, including the main features of the new federal rules, interviewed several experts in electronic discovery issues as well as in-house counsel for a number of very large corporations, conducted an initial...
When you finish this chapter, you should: Explain the effects of positive and negative externalities with the aid of supply and demand analysis, discuss the policy options to correct for externalities, discuss the relative importance of property rights and transaction costs in market-based approaches to dealing with the problem of externalities, discuss cap-and-trade programmes, provide examples of global or regional public goods and consider some of the relevant policy implications.
In this chapter, the following content will be discussed: Definition of options, Black-Scholes formula, Chicago Board Options Exchange, the use of options in hedging and speculation, increasing scope of options contracts in the future.
Coxe describes the spectacular rise and fall of technology and telecom stocks as a "Triple Waterfall," a technical analyst's term for a classic boom-and-bust event. In events like these, vast amounts of wealth change hands from investors to those who profit from the bubble, in this case the upper management of dot-coms and the like who cashed in big at the top by selling stock and exercising stock options. According to Coxe, "Triple Waterfalls aren't mere bubbles, they are financial pandemics that take not months, not years, but decades to run their course.
“This is an excellent book for anyone interested in the important
discussion of stock option expensing and, more significantly, the
optimal use of stock options in compensation plans. It is written
from the point of view of an experienced and knowledgeable com-
pensation consultant who has advised board compensation com-
mittees and talked with many people outside the field considering
the economic and incentive effects of the overuse of stock options in
the 90s.”—John M. Biggs, former Chairman & CEO of TIAA-
The topic of business process outsourcing (BPO) has become controversial
and the subject of a great deal of media attention over the past year. As
an executive who has been using outsourcing as a business strategy for more
than a decade, the recent upsurge in interest in the topic was unexpected. Perhaps
the fact that 2004 is an election year has something to do with it. Or
maybe, as the authors point out, the convergence of a number of social and
technological factors has only recently made BPO an option for organizations
of nearly any size....
Why does anyone invest money? Why place yourself at risk and expose yourself
to the volatility of the stock market? Why not just leave your capital in an
insured savings account?
Of course, there are logical answers to these questions. As an astute investor,
you already know that taking risk is an inherent part of investing your capital
anywhere. For example, you could opt to place all of your capital in an insured
account at your bank; in fact, many highly conservative investors do just that.
This option also involves risk, however...
The purpose of this book is to share some of the tips, techniques, and
observations that have worked for me and other highly successful
traders. After nearly 23 years as a registered broker in the futures and
options field, I have come to know quite a few successful traders and have
personally made many successful trades. I have also experienced my share
of disasters and have known traders and investors who were doomed for
The long-awaited sequel to the "Concepts and Practice of Mathematical Finance" has now arrived. Taking up where the first volume left off, a range of topics is covered in depth. Extensive sections include portfolio credit derivatives, quasi-Monte Carlo, the calibration and implementation of the LIBOR market model, the acceleration of binomial trees, the Fourier transform in option pricing and much more. Throughout Mark Joshi brings his unique blend of theory, lucidity, practicality and experience to bear on issues relevant to the working quantitative analyst....