models of futures markets routledge studies in the modern world economy

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Models Of Futures Markets

Author : Barry Goss
ISBN : 9781135639365
Genre : Business & Economics
File Size : 79. 6 MB
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This volume presents an entirely new analysis of the economics of futures markets, that will be of interest to both specialists in the area and the generalist economist seeking a new perspective. Through a combination of theoretical investigation and empirical application, three important themes are explored: the gains from futures trading and the efforts of emerging markets to reap these benefits; rationality and rival hypotheses of trader behaviour, such as noise trading; and the effect of regulatory tools on price formation.

Models Of Futures Markets

Author : B. A. Goss
ISBN : OCLC:849919202
Genre : Futures market
File Size : 50. 57 MB
Format : PDF
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Regional Monetary Policy

Author : Carlos J. Rodríguez Fuentes
ISBN : 0415327636
Genre : Business & Economics
File Size : 69. 91 MB
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With the final phase of the European Monetary Union underway, concern has been raised over the regional implications of the European Central Bank (ECB) Monetary Policy. Departing from the standard approach utilized by the ECB, this book provides a comprehensive theoretical framework to explore the ways through which money and monetary policy may affect regions. Carlos Rodriguez Fuentes, the rising star of Spanish economics, has produced a work of impressive clarity which analyzes the effects of regional monetary policy - with particular reference to European Monetary Union. Here, he examines the role that the banking system and the liquidity preference of economic agents play in the transmission of central banks monetary policy decisions to regions within a country or countries within a currency union. Rodriguez Fuentes utilizes a unique framework built upon the basic principle of the Post-Keynsian monetary theory which enables the identification of a new way for money and monetary policy to have a regional impact; the behavioural effect. This book, with it's combination of literary and empirical approach will prove essential reading for all students of economics and politics, as well as readers who interested in the development of the European Union.

International Health Care Reform

Author : Colleen M. Flood
ISBN : 0415316162
Genre : Business & Economics
File Size : 27. 7 MB
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Examining the current wave of health care reform efforts, this book compares internal market reforms and managed competition reform. Particular attention is paid to the role of managed care in each. Based on an analysis of reforms in the U.K., New Zealand, the U.S., and the Netherlands, the study compares models in terms of accountability, flexibility, monopoly, and quality. The book explains the structure of health care systems, the proposed reforms, and the case for government intervention. Flood teaches law at the University of Toronto. Annotation copyrighted by Book News, Inc., Portland, OR.

Higher Education And Sustainable Development

Author : Cheryl Desha
ISBN : 9781134665587
Genre : Education
File Size : 37. 14 MB
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Responding to the global and unprecedented challenge of capacity building for twenty-first century life, this book is a practical guide for tertiary education institutions to quickly and effectively renew the curriculum towards education for sustainable development. The book begins by exploring why curriculum change has been so slow. It then describes a model for rapid curriculum renewal, highlighting the important roles of setting timeframes, formal and informal leadership, and key components and action strategies. The second part of the book provides detailed coverage of six core elements that have been trialled and peer reviewed by institutions around the world: raising awareness among staff and students mapping graduate attributes auditing the curriculum developing niche degrees, flagship courses and fully integrated programs engaging and catalysing community and student markets integrating curriculum with green campus operations. With input from more than seventy academics and grounded in engineering education experiences, this book will provide academic staff with tools and insights to rapidly align program offerings with the needs of present and future generations of students.

Global Advertising Practice In A Borderless World

Author : Robert Crawford
ISBN : 9781317421702
Genre : Business & Economics
File Size : 32. 51 MB
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Cultural and regional differences in creating and managing advertising require unique responses to a dynamic, rapidly globalising business environment. To be global in advertising is no longer to be homogenised or standardised, it is to be at the leading edge of social and cultural trends that are changing the world as we know it. Global Advertising Practice in a Borderless World covers a wide range of adaptive advertising practices, from major and emerging markets, in mainstream and digital advertising. It focuses on understanding how the globalisation of advertising works in practice, explored in three sections: globalising advertising in a media and communications context; advertising in a global world; and global advertising in a digital world. Covering past, present and potential futures, through an impressive ensemble of global advertising practitioners and academics, the book combines academic rigour with practical insights to provide a comprehensive analysis of the changing dynamics between advertising and globalisation. It will be of great interest to researchers, educators and advanced students in advertising, global branding, international marketing, international business media, communication and cultural studies.

Gold And The Modern World Economy

Author : Moon Joong Tcha
ISBN : 9781134476381
Genre : Business & Economics
File Size : 87. 84 MB
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Respected international experts such as Michael Bordo, Larry Sjaastad and Ken Clements are brought together in a wonderfully well researched new book on this most important of topics. This comprehensive, well-written book provides all you need to know about Gold and the Modern World Economy.

Exploring And Shaping International Futures

Author : Barry B. Hughes
ISBN : 9781317259855
Genre : Political Science
File Size : 71. 73 MB
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"People who run cities like to play Simcity to find out how impossible their jobs are. Hughes gives everyone a chance to play a kind of Simplanet, with outcomes far more complex and uncertain. In the process, the book and the computer program provide a coherent path to understanding an anarchic world." --Ronald A. Francisco, University of Kansas "What will be the future of human demographic, economic, environmental, and political-social systems throughout the 21st century? Where do current changes appear to be taking us? What kind of future would we prefer? How much leverage do we have to bring about the future we prefer? Do YOU share these interests of the book? If yes, you should study the book and learn how to cope with the future with the International Futures approach (IFs) developed by the authors. This large-scale integrated global simulation modeling system is a user-friendly, professional tool for long-term policy analysis and an educational tool in universities. I had a pleasure to learn it personally by cooperating with Barry Hughes." --Pentti Malaska, Professor of MS, DrTech, futurist Honorary member of the Club of Rome What will be the long-term impact of AIDS in Africa or concentration of global oil production in the Middle East? Exploring and Shaping International Futures helps readers understand such global trends in demographic, economic, energy, food, environmental, and socio-political systems. It allows businesspeople, government officials, and others to think concretely about global futures in each of these areas. It is the only book on the market that allows readers to use a computer simulation to track global trends and to develop alternative scenarios around those trends. It is one of relatively few books that really brings computer technology into the classroom, boardroom, or policy planning commission. The International Futures (IFs) computer simulation, around which the book is built, is now widely used in policy analysis as well as education. It has been instrumental in projects undertaken by such groups as the European Commission, the U.S. National Intelligence Council, and the United Nations. After three decades of development and refinement, the computer model is now easy to access and use. Readers can access the website with the IFs computer model at www.ifs.du.edu

The Routledge Companion To The Future Of Marketing

Author : Luiz Moutinho
ISBN : 9781136242854
Genre : Business & Economics
File Size : 82. 31 MB
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Marketing has changed substantially in the last few years. With more and more research conducted in marketing and consumer behaviour fields, and technological advances and applications occurring on a regular basis, the future of marketing opens up a world of exciting opportunities. Going beyond a state-of-the-art view of the discipline, this innovative volume focuses on the advances being made in many different areas such as; critical thinking, new paradigms, novel conceptualisations, as well as key technological innovations with a direct impact on the theory and practice of marketing. Each chapter presents an expert overview, and an analytical and engaging discussion of the topic, as well as introducing a specific research agenda paving the way for the future. The Routledge Companion to the Future of Marketing provides the reader with a comprehensive set of visionary insights into the future of marketing. This prestigious collection aims to challenge the mindset of marketing scholars, transforming current thinking into new perspectives and advances in marketing knowledge. Foreword Wayne S. DeSarbo, Smeal College of Business, Pennsylvania State Univerity, USA "The Future of Marketing" presents 22 different chapters written by some of the top scholars in the field of Marketing. These 22 chapters are organized into four topical areas: (1) New paradigms and philosophical insights (Chapters 1-5), (2) Contributions from other scientific fields (Chapters 6-9), (3) Reconnecting with consumers and markets (Chapters 10-17), and (4) New methodological insights in scholarly research in the field (Chapters 18-22). Thus, there are a number of diverse areas treated here ranging from futuristic managerial philosophies to state of the art qualitative and quantitative methodologies applicable to the various types of Marketing problems to be faced in the future. There are a number of implicit guidelines (and future research areas and needs) that can be gleaned for (quantitative) modelers in terms of the issues and considerations that their constructed models should explicitly accommodate in future empirical endeavors: Heterogeneity When modeling consumer perceptions, preferences, utility structures, choices, etc., it is important to avoid potential masking issues that aggregate models are subject to in many cases. In the simple case, consider a regression scenario where there are two equal sized segments whose utility functions (as a function of price) are opposite reflections of each other. Aggregating the sample in one large analysis yields a non-significant price elasticity coefficient, whereas estimating separate utility functions by segment displays the true structure in the data. While latent structure and hierarchical Bayesian methods have been developed for disaggregate analyses, a number of methodological issues exist with such existent approaches that provide fertile ground for future research. Competition Many quantitative models are estimated at a brand level and reflect only the efforts of that sole brand. For example, in many customer satisfaction studies, attention is often paid to the consumers of a particular client brand or service in an effort to portray their performance and derive the important drivers of satisfaction. Financial optimization models are then often constructed to examine where a company should invest its resources to best improve sales, retention, word of mouth, loyalty, etc. These studies need to occur in a fully competitive setting where one derives a full picture of the competitive market place. Managers need to know the relative importance of the drivers of satisfaction for their brand/service as well as for their competitors. In addition, knowledge of the relative performance of their brand relative to competitors is necessary information for strategy formation. Ideally, one would hope to see modeling efforts which also examine cross effects in terms of how Brand A’s policy affects other brands. Over time, competitive dynamics are also important as discussed next. Dynamics As seen in the various chapters, this can assume many different manifestations. Related to the previous category above related to competition, it is often necessary to examine competitive dynamics as opposed to comparative statics where the modeler of the future examines simultaneous and/or sequential optimization by each of the competitors in a market place in a game theoretic context. In such a manner, it will not be the case that all competitors end up enacting the same exact identical strategies. Alternatively, the models of the future should be adaptive and have the ability to "learn" from past data, as well as benefit from informed managerial expert input and constraints. Parameter values that change/adapt during the duration of the data are also a desirable feature. Non-Linearity Traditional linear response functions do not typically yield realistic normative managerial guidelines or optimized solutions. End point solutions that suggest "all or none" types of resource allocations are useless in most realistic Marketing applications. A large amount of work is required in this area as Marketing often lacks the strong theory necessary to provide such insight regarding the models that are constructed. In addition, multiple objective functions need to be accommodated with the use of multicriterion optimization methods Endogeneity Often times, there are hidden effects embedded in the various independent variables the Marketer believes are exogenous and truly independent. These may be due to effect of lagged variables, managerial decision making practice, etc. To ignore such effects, threatens the integrity of the models Marketers construct. For example, in traditional regression models, such endogeneity often produces a correlation between the independent variable in question and the error term, often resulting in biased estimates when employing ordinary least-squares estimation. Moderation/Mediation There are times particularly in regression approaches where the relationships between two variables are affected by values of a third variable. In such cases, we need to employ selected interaction effects to measure such moderated effects. Interaction effects are often needed to model the synergistic or catalytic effects of various independent variables. Alternatively, in a mediation regression model, rather than hypothesizing a direct causal relationship between the independent variable and the dependent variable, a mediational model hypothesizes that the independent variable influences the mediator variable, which in turn influences the dependent variable. Thus, such moderator and mediator variables serve to clarify the nature of the relationship between the independent and dependent variables. Marketers need to be aware of such potential inter-relationships. Models Guided by Theory Ideally, the models we construct should be more than just data analytic structures which approximate the relationships found in the data. Where possible, models should be constructed on the basis of available sound Marketing theory describing the process being modeled. One of the advantages of structural equation models is that one can utilize such a methodology to test and implement some a priori theory describing the relationship or causal nature of various inter-related constructs. This feature has been lacking in the general modeling efforts to date. A major reason for this is due to the lack of adequate theory development for most of the processes encountered in Marketing. For example, we have no solid Marketing theory regarding the structure of marketing mix response models. Thus progress must be advanced in such areas so that the models we construct are more robust and explainable. I wish to personally thank the co-editors and various authors of the "Future of Marketing" for opening the door to get a glimpse of the future in the field of Marketing. The hope is that this new book will provide fresh ideas to guide future research to improve the field of Marketing and define the next generation of research efforts as the torch gets passed to future generations.

The Struggle For The Long Term In Transnational Science And Politics

Author : Jenny Andersson
ISBN : 9781317511441
Genre : History
File Size : 38. 71 MB
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This book reconsiders the power of the idea of the future. Bringing together perspectives from cultural history, environmental history, political history and the history of science, it investigates how the future became a specific field of action in liberal democratic, state socialist and post-colonial regimes after the Second World War. It highlights the emergence of new forms of predictive scientific expertise in this period, and shows how such forms of expertise interacted with political systems of the Cold War world order, as the future became the prism for dealing with post-industrialisation, technoscientific progress, changing social values, Cold War tensions and an emerging Third World. A forgotten problem of cultural history, the future re-emerges in this volume as a fundamentally contested field in which forms of control and central forms of resistance met, as different actors set out to colonise and control and others to liberate. The individual studies of this book show how the West European, African, Romanian and Czechoslovak "long term" was constructed through forms of expertise, computer simulations and models, and they reveal how such constructions both opened up new realities but also imposed limits on possible futures.

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