Derivative Products & Pricing consists of 4 Parts divided into 16 chapters covering the role and function of derivatives, basic derivative instruments (exchange traded products (futures and options on future contracts) and over-the-counter products (forwards, options and swaps)), the pricing and valuation of derivatives instruments, derivative trading and portfolio management.

This is the second unit of three devoted to an explication of the structure and function of symbols. In this unit the emphasis is on the psychotherapeutic use of symbols. The following topics are covered. Ch-1 SYMBOLS AND MENTAL ILLNESS Ch-2 SYMBOL THEORY APPLIED Ch-3 REGRESSIVE SYMBOLIZATION : Psychotic Ch-4 REGRESSIVE SYMBOLIZATION : Neurotic Ch-5 REGRESSIVE SYMBOLIZATION : Psychosomatic Ch-6 PSYCHOANALYTIC SYMBOLS AND TRANSFERENCE Ch-7 THE USE DURING CHILD PSYCHOTHERAPY OF THE SYMBOLS THAT OCCUR IN FANTASIES AND DREAMS

This book introduces readers to the financial markets, derivatives, structured products and how the products are modelled and implemented by practitioners. In addition, it equips readers with the necessary knowledge of financial markets needed in order to work as product structurers, traders, sales or risk managers. As the book seeks to unify the derivatives modelling and the financial engineering practice in the market, it will be of interest to financial practitioners and academic researchers alike. Further, it takes a different route from the existing financial mathematics books, and will appeal to students and practitioners with or without a scientific background. The book can also be used as a textbook for the following courses: • Financial Mathematics (undergraduate level) • Stochastic Modelling in Finance (postgraduate level) • Financial Markets and Derivatives (undergraduate level) • Structured Products and Solutions (undergraduate/postgraduate level)

In The Dialectic of Structure and History, Volume Two of Social Structure and Forms of Consciousness, István Mészáros brings the comprehension of our condition and the possibility of emancipatory social action beyond the highest point reached to date. Building on the indicatory flashes of conceptual lightning in the Grundrisse and other works of Karl Marx, Mészáros sets out the relations of structure and agency, individual and society, base and superstructure, nature and history, in a dialectical totality open to the future. The project is brought to its conclusion by means of critique, an analysis that shows not only the inadequacies of the thought critiqued but at the same time their social historical cause. The crucial questions are addressed through critique of the highest point of honest and brilliant thought in capital’s ascending phase, that of Adam Smith, Kant, and Hegel, as well as the irrationalities and dishonesty of the apologists of the capital system’s descending phase, such as Hayek and Popper. The dead ends of both Lévi-Strauss’s structuralism and post-modernism, arising from their denial of history, are placed in their context as capital-apologetics. What Mészáros, the leading Marxist philosopher of our times, has achieved is of world historical importance. He has cleared the philosophical ground to permit the illumination of a path to transcend the destructive death spiral of the capital system.

The first version of quantum theory, developed in the mid 1920's, is what is called nonrelativistic quantum theory; it is based on a form of relativity which, in a previous volume, was called Newton relativity. But quickly after this first development, it was realized that, in order to account for high energy phenomena such as particle creation, it was necessary to develop a quantum theory based on Einstein relativity. This in turn led to the development of relativistic quantum field theory, which is an intrinsically many-body theory. But this is not the only possibility for a relativistic quantum theory. In this book we take the point of view of a particle theory, based on the irreducible representations of the Poincare group, the group that expresses the symmetry of Einstein relativity. There are several ways of formulating such a theory; we develop what is called relativistic point form quantum mechanics, which, unlike quantum field theory, deals with a fixed number of particles in a relativistically invariant way. A central issue in any relativistic quantum theory is how to introduce interactions without spoiling relativistic invariance. We show that interactions can be incorporated in a mass operator, in such a way that relativistic invariance is maintained. Surprisingly for a relativistic theory, such a construction allows for instantaneous interactions; in addition, dynamical particle exchange and particle production can be included in a multichannel formulation of the mass operator. For systems of more than two particles, however, straightforward application of such a construction leads to the undesirable property that clusters of widely separated particles continue to interact with one another, even if the interactions between the individual particles are of short range. A significant part of this volume deals with the solution of this problem. Since relativistic quantum mechanics is not as well-known as relativistic quantum field theory, a chapter is devoted to applications of point form quantum mechanics to nuclear physics; in particular we show how constituent quark models can be used to derive electromagnetic and other properties of hadrons.

The second of two volumes concentrating on the dynamics of slender bodies within or containing axial flow, Volume 2 covers fluid-structure interactions relating to shells, cylinders and plates containing or immersed in axial flow, as well as slender structures subjected to annular and leakage flows. This volume has been thoroughly updated to reference the latest developments in the field, with a continued emphasis on the understanding of dynamical behaviour and analytical methods needed to provide long-term solutions and validate the latest computational methods and codes, with increased coverage of computational techniques and numerical methods, particularly for the solution of non-linear three-dimensional problems. - Provides an in-depth review of an extensive range of fluid-structure interaction topics, with detailed real-world examples and thorough referencing throughout for additional detail - Organized by structure and problem type, allowing you to dip into the sections that are relevant to the particular problem you are facing, with numerous appendices containing the equations relevant to specific problems - Supports development of long-term solutions by focusing on the fundamentals and mechanisms needed to understand underlying causes and operating conditions under which apparent solutions might not prove effective

This book considers the one-factor copula model for credit portfolios that are used for pricing synthetic CDO structures as well as for risk management and measurement applications involving the generation of scenarios for the complete universe of risk factors and the inclusion of CDO structures in a portfolio context. For this objective, it is especially important to have a computationally fast model that can also be used in a scenario simulation framework. The well known Gaussian copula model is extended in various ways in order to improve its drawbacks of correlation smile and time inconsistency. Also the application of the large homogeneous cell assumption, that allows to differentiate between rating classes, makes the model convenient and powerful for practical applications. The Crash-NIG extension introduces an important regime-switching feature allowing the possibility of a market crash that is characterized by a high-correlation regime.

Risk Management consists of 8 Parts and 18 Chapters covering risk management, market risk methodologies (including VAR and stress testing), credit risk in derivative transactions, other derivatives trading risks (liquidity risk, model risk and operational risk), organizational aspects of risk management and operational aspects of derivative trading. The volume also covers documentation/legal aspects of derivative transactions (including ISDA documentary framework), accounting treatment (including FASB 133 and IAS 39 issues), taxation aspects and regulatory aspects of derivative trading affecting banks and securities dealers (including the Basel framework for capital to be held against credit and market risk).

Expanding on the findings of Brick by Brick: Better Housing Policies, this second volume delves into key trends shaping housing policies in the post-COVID-19 era. The first chapter provides an overview and discusses the need to monitor the pandemic's impacts on housing affordability, address the energy crisis through low-carbon housing initiatives, maintain financial resilience amid fluctuating housing cycles, and facilitate the reshaping of housing markets in response to remote work and environmental concerns.