The fourth edition of the United Nations Global Assessment Report on Disaster Risk Reduction is being issued at a pivotal moment for the future of development. In 2015, the global community is aiming to adopt an ambitious set of sustainable development goals and a meaningful, universal agreement on climate change. Disaster risk reduction can play an important role in advancing these agendas th…
In this chapter, we build first a univariate and then a multivariate filtered historical simulation (FHS) model for financial risk management. Both the univariate and multivariate methods simulate future returns from a model using historical return innovations. While the former relies on portfolio returns filtered by a dynamic variance model, the latter uses individual or base asset return …
This book makes an excellent companion to any standard text, or it can be used as a stand-alone volume. It is designed to present the subject in a straightforward, approachable man- ner. Financial accounting is an incremental process. What you learn in earlier chapters is used in later ones. There are no shortcuts to learning financial accounting, but at the same time, if it is taught clearly,…
From all that I have observed throughout the years, whether as President and CEO of companies or as an industry observer, I know you can only ignore the suggestions of Pham’s book … at your own peril. And it’s a heck of a lot less money than getting this same advice from an expensive team of traditional consultants; it’s faster and easy to implement the ideas in this book; and it will h…
Abstract Measuring and managing exchange rate risk exposure is important for reducing a firm’s vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely transaction, translation and economic risks, presents the VaR approach as the currently …
In a nation, the law can serve to (1) keep the peace, (2) maintain the status quo, (3) preserve individual rights, (4) protect minorities against majorities, (5) promote social justice, and (6) provide for orderly social change. Some legal systems serve these purposes better than others. Although a nation ruled by an authoritarian government may keep the peace and maintain the status quo, i…
This is the reference document for CreditMetrics™. It is meant to serve as an introduction to the methodology and mathematics behind statistical credit risk estimation, as well as a detailed documentation of the analytics that generate the data set we provide.
Following the success of the first edition of Dinero, Crédito Bancario y Ciclos Económicos, which sold out rapidly, I am pleased to present the second edition to Spanish-speaking readers. To avoid confusion and facilitate the work of scholars and researchers, the contents, structure, and page numbering of the first edition have been maintained in the second, though the book has been tho…
This Article examines the history of the regulation of risk management in the banking industry. Despite the centrality of risk management to contemporary banking law and regulation, its fundamental precepts have largely escaped scrutiny. This Article first summarizes what it means to manage risk and then contrasts a traditional story of risk management regulation with an alternative story.…
In October 2001, President George W. Bush authorized the National Security Agency (“NSA”) “to intercept the international communications of people with known links to al Qaida and related terrorist organizations.”1 Four years and two months later, news of the program became public. Attorney General Alberto Gonzales defended the Commander-in-Chief’s power to ignore warrants otherw…
T HIS book is the outcome of an invitation by the Warden and Fellows of All Souls to deliver the Chichele Lectures for 1966. The lectures as delivered were four in number. But since then I have added three more in order to make the coverage more adequate. My objective is very limited. I concentrate solely on the history of the main propositions of the theory of development·as they would …
One of the core commitments of most international humanitarian organizations is to strengthen the capacity of local agencies to respond to crises and to participate more fully in their respective civil societies. To do anything less, the agencies argue persuasively, would be to leave those societies vulnerable to recurring emergencies. The track record of humanitarian organizations, howeve…
Vital and forward thinking – focused on the needs of project management professionals worldwide; that’s the Project Management Institute of today. We’ve long been acknowledged as a pioneer in the field and now our membership represents a truly global community, with nearly 370,000 professionals, representing over 185 countries. PMI professionals come from virtually every major industry…
The fifth edition of The Marketing Book is a testimony to both the continuing demand for an authoritative overview of the marketing discipline and the constantly changing nature of its subject matter. First published in 1987 to coincide with the Editor’s appointment as the first academic National Chairman of the Institute of Marketing, the original concept was: To produce an authoritative…
Since their introduction, the wireless local area networks (LANs) have attracted the interest of professionals, faced with the needs of mobility and network connectivity to their organization. 802.11 networks, standardized by the IEEE in 1997 [1] has rapidly become until, in some cases, replace traditional wired networks like Ethernet. Since their arrival on the market, the steady evolution of …
The idea for this volume came with the formation of the Community of Evaluators (CoE) for South Asia in 2008. The CoE’s goal is to enhance the field of evaluation. That initiative brought together a group of evaluators from across South Asia interested in working together to strengthen the quality, use, and relevance of evaluation in the region. Dedicated evaluators came together from se…
The domestic and foreign research on text clustering be too numerous to enumerate, related technology is becoming mature. Clustering algorithm is the key technology of text clustering; the choice of algorithm will also affect the final clustering results. At present, the domestic and foreign experts are working on improving algorithm and clustering algorithm integrated application research. How…
FMIS project performance is analyzed from various angles. The performance ratings in the ICRs indicate that the majority of 55 completed projects were “satisfactory” along most dimensions of performance (67% of outcome, 87% of sustainability, 56% of development impact, 61% of Bank performance, and 59% of Borrower performance ratings were satisfactory or above).4 This pa ern changes sli…