Financial Aggregation And Index Number Theory

DOWNLOAD

Download Financial Aggregation And Index Number Theory PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Financial Aggregation And Index Number Theory book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Financial Aggregation And Index Number Theory

DOWNLOAD
Author : William A Barnett
language : en
Publisher: World Scientific
Release Date : 2011-02-11

Financial Aggregation And Index Number Theory written by William A Barnett and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-11 with Business & Economics categories.

The book surveys modern literature on financial aggregation and index number theory, with special emphasis on the contributions of the book's two coauthors. In addition to an introduction and a systematic survey chapter unifying the rest of the book, this publication contains reprints of six published articles central to the survey chapter. Financial Aggregation and Index Number Theory provides a reference work for financial data researchers and users of central bank data, placing emphasis on possible improvements in such data from use of the microeconomic index number and aggregation theory.

An Index Number Formula Problem

DOWNLOAD
Author : Mick Silver
language : en
Publisher: International Monetary Fund
Release Date : 2009-01-01

An Index Number Formula Problem written by Mick Silver and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Business & Economics categories.

Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis as to why such formulas differ and proposes a solution to this index number problem.

The Theory Of Monetary Aggregation

DOWNLOAD
Author : W.A. Barnett
language : en
Publisher: Elsevier Science Limited
Release Date : 2000-06-30

The Theory Of Monetary Aggregation written by W.A. Barnett and has been published by Elsevier Science Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-06-30 with Business & Economics categories.

William Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics and this book comprises a focussed and unified collection of his most important publications in this area. It provides a clear and systematic development of the state-of-the-art in monetary and financial aggregation theory.

Getting It Wrong

DOWNLOAD
Author : William A. Barnett
language : en
Publisher: MIT Press
Release Date : 2011-12-16

Getting It Wrong written by William A. Barnett and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-16 with Business & Economics categories.

A leading economist contends that the recent financial crisis was caused not by the failure of mainstream economics but by corrupted monetary data constructed without reference to economics. Blame for the recent financial crisis and subsequent recession has commonly been assigned to everyone from Wall Street firms to individual homeowners. It has been widely argued that the crisis and recession were caused by “greed” and the failure of mainstream economics. In Getting It Wrong, leading economist William Barnett argues instead that there was too little use of the relevant economics, especially from the literature on economic measurement. Barnett contends that as financial instruments became more complex, the simple-sum monetary aggregation formulas used by central banks, including the U.S. Federal Reserve, became obsolete. Instead, a major increase in public availability of best-practice data was needed. Households, firms, and governments, lacking the requisite information, incorrectly assessed systemic risk and significantly increased their leverage and risk-taking activities. Better financial data, Barnett argues, could have signaled the misperceptions and prevented the erroneous systemic-risk assessments. When extensive, best-practice information is not available from the central bank, increased regulation can constrain the adverse consequences of ill-informed decisions. Instead, there was deregulation. The result, Barnett argues, was a worst-case toxic mix: increasing complexity of financial instruments, inadequate and poor-quality data, and declining regulation. Following his accessible narrative of the deep causes of the crisis and the long history of private and public errors, Barnett provides technical appendixes, containing the mathematical analysis supporting his arguments.

Monetary Economics

DOWNLOAD
Author : Steven Durlauf
language : en
Publisher: Springer
Release Date : 2016-04-30

Monetary Economics written by Steven Durlauf and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-30 with Performing Arts categories.

Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

The New Palgrave Dictionary Of Economics

DOWNLOAD
Author :
language : en
Publisher: Springer
Release Date : 2016-05-18

The New Palgrave Dictionary Of Economics written by and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-18 with Law categories.

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Recent Developments In Alternative Finance

DOWNLOAD
Author : Fredj Jawadi
language : en
Publisher: Emerald Group Publishing
Release Date : 2012-11-28

Recent Developments In Alternative Finance written by Fredj Jawadi and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-28 with Business & Economics categories.

Since the global financial crisis began in 2008-2009, there has been a strong decline in financial markets and investment. Alternative finance presents challenges intended to stimulate investment and promote economic growth and development. This volume aims to provide the reader an understanding of alternative finance in its various forms.

Theoretic Monetary Aggregation Under Risk Averse Preference

DOWNLOAD
Author : Piyu Yue
language : en
Publisher:
Release Date : 1995

Theoretic Monetary Aggregation Under Risk Averse Preference written by Piyu Yue and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Demand for money categories.

Introduction To Monetary Aggregation Theory And Statistical Index Numbers

DOWNLOAD
Author : Richard G. Anderson
language : en
Publisher:
Release Date : 1996

Introduction To Monetary Aggregation Theory And Statistical Index Numbers written by Richard G. Anderson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Money supply categories.

Indices Index Funds And Etfs

DOWNLOAD
Author : Michael I. C. Nwogugu
language : en
Publisher: Springer
Release Date : 2019-03-09

Indices Index Funds And Etfs written by Michael I. C. Nwogugu and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-09 with Business & Economics categories.

Indices, index funds and ETFs are grossly inaccurate and inefficient and affect more than €120 trillion worth of securities, debts and commodities worldwide. This book analyzes the mathematical/statistical biases, misrepresentations, recursiveness, nonlinear risk and homomorphisms inherent in equity, debt, risk-adjusted, options-based, CDS and commodity indices – and by extension, associated index funds and ETFs. The book characterizes the “Popular-Index Ecosystems,” a phenomenon that provides artificial price-support for financial instruments, and can cause systemic risk, financial instability, earnings management and inflation. The book explains why indices and strategic alliances invalidate Third-Generation Prospect Theory (PT3), related approaches and most theories of Intertemporal Asset Pricing. This book introduces three new decision models, and some new types of indices that are more efficient than existing stock/bond indices. The book explains why the Mean-Variance framework, the Put-Call Parity theorem, ICAPM/CAPM, the Sharpe Ratio, Treynor Ratio, Jensen’s Alpha, the Information Ratio, and DEA-Based Performance Measures are wrong. Leveraged/inverse ETFs and synthetic ETFs are misleading and inaccurate and non-legislative methods that reduce index arbitrage and ETF arbitrage are introduced.