The properties of steels depend critically on their microstructure. By examining the mechanical properties of steels in conjunction with microstructure, the first edition gave a clear description of the development and behavior of these materials - the very foundation of their widespread use. This new edition more explicitly links this theory with applications while retaining the style and purpose of its predecessor.
The second edition of this textbook, popular amongst students and faculty alike, investigates the various causes of thermodynamic instability in metallic microstructures. Materials theoretically well designed for a particular application may prove inefficient or even useless unless stable under normal working conditions. The authors examine current experimental and theoretical understanding of the kinetics behind structural change in metals. The entire text has been updated in this new edition, and a completely new chapter on highly metastable alloys has been added. The degree to which kinetic stability of the material outweighs its thermodynamic instability is very important, and dictates the useful working life of the material. If the structure is initially produced to an optimum, such changes will degrade the properties of the material. This comprehensive and well-illustrated text, accompanied by ample references, will allow final year undergraduates, graduate students and research workers to investigate in detail the stability of microstructure in metallic systems.
The book comprises three parts. Part 1 gives a historical description of the development of ironworking techniques since the earliest times. Part 2 is the core of the book and deals with the metallurgical basis of microstructures, with four main themes: phase diagrams, solidification processes, diffusion, and solid state phase transformations. Part 3 begins by an introduction to steel design principles. It then goes on to consider the different categories of steels, placing emphasis on their specific microstructural features. Finally, a comprehensive reference list includes several hundred pertinent articles and books. The book is the work of a single author, thus ensuring uniformity and concision. It is intended for scientists, metallurgical engineers and senior technicians in research and development laboratories, design offices and quality departments, as well as for teachers and students in universities, technical colleges and other higher education establishments.
Research on organization design is central to the field of management, and closely allied to the sub-field of strategic management. This book synthesizes a decade of research by the author into the fundamental issues in organization design, and presents it in the form of a new perspective (known as the micro-structural perspective).
The analysis of the microstructure of financial markets has been one of the most important areas of research in finance and has allowed scholars and practitioners alike to have a much more sophisticated understanding of the dynamics of price formation in financial markets. Frank de Jong and Barbara Rindi provide an integrated graduate level textbook treatment of the theory and empirics of the subject, starting with a detailed description of the trading systems on stock exchanges and other markets and then turning to economic theory and asset pricing models. Special attention is paid to models explaining transaction costs, with a treatment of the measurement of these costs and the implications for the return on investment. The final chapters review recent developments in the academic literature. End-of-chapter exercises and downloadable data from the book's companion website provide opportunities to revise and apply models developed in the text.
This book exposes and comments on the consequences of Reg NMS and MiFID on market microstructure. It covers changes in market design, electronic trading, and investor and trader behaviors. The emergence of high frequency trading and critical events like the'Flash Crash' of 2010 are also analyzed in depth.Using a quantitative viewpoint, this book explains how an attrition of liquidity and regulatory changes can impact the whole microstructure of financial markets. A mathematical Appendix details the quantitative tools and indicators used through the book, allowing the reader to go further independently.This book is written by practitioners and theoretical experts and covers practical aspects (like the optimal infrastructure needed to trade electronically in modern markets) and abstract analyses (like the use on entropy measurements to understand the progress of market fragmentation).As market microstructure is a recent academic field, students will benefit from the book's overview of the current state of microstructure and will use the Appendix to understand important methodologies. Policy makers and regulators will use this book to access theoretical analyses on real cases. For readers who are practitioners, this book delivers data analysis and basic processes like the designs of Smart Order Routing and trade scheduling algorithms.In this second edition, the authors have added a large section on orderbook dynamics, showing how liquidity can predict future price moves, and how High Frequency Traders can profit from it. The section on market impact has also been updated to show how buying or selling pressure moves prices not only for a few hours, but even for days, and how prices relax (or not) after a period of intense pressure.Further, this edition includes pages on Dark Pools, Circuit Breakers and added information outside of Equity Trading, because MiFID 2 is likely to push fixed income markets towards more electronification. The authors explore what is to be expected from this change in microstructure. The appendix has also been augmented to include the propagator models (for intraday price impact), a simple version of Kyle's model (1985) for daily market impact, and a more sophisticated optimal trading framework, to support the design of trading algorithms.
The latest cutting-edge research on market microstructure Based on the December 2010 conference on market microstructure, organized with the help of the Institut Louis Bachelier, this guide brings together the leading thinkers to discuss this important field of modern finance. It provides readers with vital insight on the origin of the well-known anomalous "stylized facts" in financial prices series, namely heavy tails, volatility, and clustering, and illustrates their impact on the organization of markets, execution costs, price impact, organization liquidity in electronic markets, and other issues raised by high-frequency trading. World-class contributors cover topics including analysis of high-frequency data, statistics of high-frequency data, market impact, and optimal trading. This is a must-have guide for practitioners and academics in quantitative finance.
Rock microstructures provide clues for the interpretation of rock history. A good understanding of the physical or structural relationships of minerals and rocks is essential for making the most of more detailed chemical and isotopic analyses of minerals. Ron Vernon discusses the basic processes responsible for the wide variety of microstructures in igneous, sedimentary, metamorphic and deformed rocks, using high-quality colour illustrations. He discusses potential complications of interpretation, emphasizing pitfalls, and focussing on the latest techniques and approaches. Opaque minerals (sulphides and oxides) are referred to where appropriate. The comprehensive list of relevant references will be useful for advanced students wishing to delve more deeply into problems of rock microstructure. Senior undergraduate and graduate students of mineralogy, petrology and structural geology will find this book essential reading, and it will also be of interest to students of materials science.
IFC Discusssion Paper No. 24. Investors' interest in emerging markets has grown significantly in recent years because of potential high returns and the benefits of diversification. Despite this increased activity, there remains little information o
