The World's First Stock Exchange
The World's First Stock Exchange

Author: Lodewijk Petram

Publisher: Columbia University Press

Published: 2014-05-27

Total Pages: 305

ISBN-13: 0231537328

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This account of the sophisticated financial hub that was 17th-century Amsterdam “does a fine job of bringing history to life” (Library Journal). The launch of the Dutch East India Company in 1602 initiated Amsterdam’s transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680 the techniques deployed in the Amsterdam market were as sophisticated as any we practice today. Lodewijk Petram’s award-winning history demystifies financial instruments by linking today’s products to yesterday’s innovations, tying the market’s operation to the behavior of individuals and the workings of the world around them. Traveling back in time, Petram visits the harbor and other places where merchants met to strike deals. He bears witness to the goings-on at a notary’s office and sits in on the consequential proceedings of a courtroom. He describes in detail the main players, investors, shady characters, speculators, and domestic servants and other ordinary folk, who all played a role in the development of the market and its crises. His history clarifies concerns that investors still struggle with today—such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk—and does so in a way that is vivid, relatable, and critical to understanding our contemporary world.

Birth, Marriage, and Death : Ritual, Religion, and the Life-Cycle in Tudor and Stuart England
Birth, Marriage, and Death : Ritual, Religion, and the Life-Cycle in Tudor and Stuart England

Author: David Cressy

Publisher: OUP Oxford

Published: 1997-05-29

Total Pages: 662

ISBN-13: 0191570761

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From childbirth and baptism through to courtship, weddings, and funerals, every stage in the life-cycle of Tudor and Stuart England was accompanied by ritual. Even under the protestantism of the reformed Church, the spiritual and social dramas of birth, marriage, and death were graced with elaborate ceremony. Powerful and controversial protocols were in operation, shaped and altered by the influences of the Reformation, the Revolution, and the Restoration. Each of the major rituals was potentially an arena for argument, ambiguity, and dissent. Ideally, as classic rites of passage, these ceremonies worked to bring people together. But they also set up traps into which people could stumble, and tests which not everybody could pass. In practice, ritual performance revealed frictions and fractures that everyday local discourse attempted to hide or to heal. Using fascinating first-hand evidence, David Cressy shows how the making and remaking of ritual formed part of a continuing debate, sometimes strained and occasionally acrimonious, which exposed the raw nerves of society in the midst of great historical events. In doing so, he vividly brings to life the common experiences of living and dying in Tudor and Stuart England.

Seminar on Stochastic Analysis, Random Fields and Applications VII
Seminar on Stochastic Analysis, Random Fields and Applications VII

Author: Robert C. Dalang

Publisher: Springer Science & Business Media

Published: 2013-09-05

Total Pages: 470

ISBN-13: 3034805454

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This volume contains refereed research or review articles presented at the 7th Seminar on Stochastic Analysis, Random Fields and Applications which took place at the Centro Stefano Franscini (Monte Verità) in Ascona , Switzerland, in May 2011. The seminar focused mainly on: - stochastic (partial) differential equations, especially with jump processes, construction of solutions and approximations - Malliavin calculus and Stein methods, and other techniques in stochastic analysis, especially chaos representations and convergence, and applications to models of interacting particle systems - stochastic methods in financial models, especially models for power markets or for risk analysis, empirical estimation and approximation, stochastic control and optimal pricing. The book will be a valuable resource for researchers in stochastic analysis and for professionals interested in stochastic methods in finance.​

Art Market Research
Art Market Research

Author: Tom McNulty

Publisher: McFarland

Published: 2013-12-19

Total Pages: 333

ISBN-13: 1476613974

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This book is for art market researchers at all levels. A brief overview of the global art market and its major stakeholders precedes an analysis of the various sales venues (auction, commercial gallery, etc.). Library research skills are reviewed, and advanced methods are explored in a chapter devoted to basic market research. Because the monetary value of artwork cannot be established without reference to the aesthetic qualities and art historical significance of our subject works, two substantial chapters detail the processes involved in researching and documenting the fine and decorative arts, respectively, and provide annotated bibliographies. Methods for assigning values for art objects are explored, and sources of price data, both in print and online, are identified and described in detail. In recent years, art historical scholarship increasingly has addressed issues related to the history of art and its markets: a chapter on resources for the historian of the art market offers a wide range of sources. Finally, provenance and art law are discussed, with particular reference to their relevance to dealers, collectors, artists and other art market stakeholders.

Squeezing Birth into Working Life
Squeezing Birth into Working Life

Author: Cécile Wetzels

Publisher: Routledge

Published: 2019-06-04

Total Pages: 121

ISBN-13: 1351792024

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This title was first published in 2001. Increasingly, young women throughout Europe educate themselves for a life-long labour market career. So, where does birth fit into a young woman's curriculum vitae? This book takes a welfare state comparative perspective on this issue, analyzing relevant macro policies from four countries whose political views on the combination of work and family differ, namely Germany, Britain, the Netherlands and Sweden. The effects of these macro policies on the micro economic labour market and fertility behaviour are also examined using household panel data from each country. For this purpose, all available information from the four countries has been organized into fertility and work histories on a month-to-month basis around the date of giving birth. Within the welfare state comparative framework, hypotheses on women's labour market transitions in connection with childbirth, women's share in joint family earnings around the birth of the first and the second child, the timing of having a first and subsequent child are derived from economic theory on human capital and labour supply.

Optimizing the Aging, Retirement, and Pensions Dilemma
Optimizing the Aging, Retirement, and Pensions Dilemma

Author: Marida Bertocchi

Publisher: John Wiley & Sons

Published: 2010-02-08

Total Pages: 432

ISBN-13: 0470377348

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A straightforward guide focused on life cycle investing-namely aging, retirement, and pensions Life cycle investing and the implications of aging, retirement, and pensions continues to grow in importance. With people living longer, the relative and absolute number of retirees is growing while the number of workers contributing to pension funds is declining. This reliable resource develops a detailed economic analysis-at the micro (individual) and macro (economy wide) levels-which addresses issues regarding the economics of an aging population. Topics touched upon include retirement and the associated health care funding of the aged as well as social security and the asset classes that are considered asset-liability choices over time. The probability of achieving adequate return patterns from various investment strategies and asset classes is reviewed Shares rich insights on the aging, retirement, and pensions dilemma An assessment of the resources the real economy will be able to commit to non-workers is provided The three pillars of retirement are social security, company pensions, and private savings. Each of these pillars is confronted with a variety of asset-liability problems, and this book will addresses them.

Economic Life at the Dawn of History in Mesopotamia and Ancient Egypt
Economic Life at the Dawn of History in Mesopotamia and Ancient Egypt

Author: Refael (Rafi) Benvenisti

Publisher: Walter de Gruyter GmbH & Co KG

Published: 2024-01-29

Total Pages: 224

ISBN-13: 3111065537

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The book is a study of the emergence of market economy with modern economic institutions in the early civilizations of Mesopotamia and ancient Egypt from the third and early second millennium B.C.E. The study covers the Sumerian, Old Assyrian and Old Babylonian periods. The economic analysis is based on Institutional Economics theory, and the data on the Old Assyrian period is based on the work of many scholars that transliterated, translated and studied many of the 23,000 documents of the Old Assyrian traders found in old Kanesh in Central Turkey. The book includes chapters on the institutions of: property rights; the markets and means of exchange; the organization and finance of trade; and enforcement institutions from the judicial, social and political systems. In addition, it gives a detailed analysis of: the early means of exchange (money) like the use of volume measure of barely and weight measure of copper and silver in Sumer; various instruments establishing property rights such as Kuduru border stones, seals and inserted cones in walls; detailed analysis of the communication system and its components; and the description of the modern financial instruments used to include, for example, limited partnerships.

The Emergence of Organizations and Markets
The Emergence of Organizations and Markets

Author: John F. Padgett

Publisher: Princeton University Press

Published: 2012-10-14

Total Pages: 608

ISBN-13: 1400845556

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A dynamic framework for studying social emergence The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. They demonstrate that novelty arises from spillovers across intertwined networks in different domains. In the short run actors make relations, but in the long run relations make actors. This theory of novelty emerging from intersecting production and biographical flows is developed through formal deductive modeling and through a wide range of original historical case studies. Padgett and Powell build on the biochemical concept of autocatalysis—the chemical definition of life—and then extend this autocatalytic reasoning to social processes of production and communication. Padgett and Powell, along with other colleagues, analyze a very wide range of cases of emergence. They look at the emergence of organizational novelty in early capitalism and state formation; they examine the transformation of communism; and they analyze with detailed network data contemporary science-based capitalism: the biotechnology industry, regional high-tech clusters, and the open source community.

Pricing and Hedging Insurance Products in Hybrid Markets
Pricing and Hedging Insurance Products in Hybrid Markets

Author: Jan Widenmann

Publisher: Cuvillier Verlag

Published: 2013-12-11

Total Pages: 178

ISBN-13: 3736945876

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Diese Dissertation stellt innovative Pricing- und Hedging-Modelle für eine breite Klasse von Versicherungsprodukten vor. Eine wichtige Neuerung im Hinblick auf die existierende Literatur ist dabei das Anwenden F-doppelt stochastischer Markovketten, was die Ausarbeitung der Formeln anhand stochastischer Intensitätsprozesse ermöglicht. Für die Prämienbestimmung für Arbeitslosigkeitsversicherungsprodukte werden die Intensitätsprozesse durch mikro- und makroökonomische stochastische Kovariablenprozesse generiert, um Einflüsse und Abhängigkeitsstrukturen innerhalb von Arbeitsmärkten zu untersuchen. Als Preisregel wird die „Real-World“-Preisformel des Benchmark-Ansatzes gewählt. Für die Bestimmung optimaler Hedgingstrategien werden quadratische Hedging-Methoden auf eine breite Klasse von Versicherungsprodukten, u.a. Lebensversicherungsprodukten, angewandt. Die Lösungen werden dabei anhand der Galtchouk-Kunita-Watanabe-Zerlegung jeweiligen der Schadenprozesse bestimmt.