Capturing Finance

Capturing Finance PDF

Author: Carolyn Hardin

Publisher: Duke University Press

Published: 2021-07-09

Total Pages: 117

ISBN-13: 1478021608

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Arbitrage—the trading practice that involves buying assets in one market at a cheap price and immediately selling them in another market for a profit—is fundamental to the practice of financial trading and economic understandings of how financial markets function. Because traders complete transactions quickly and use other people's money, arbitrage is considered to be riskless. Yet, despite the rhetoric of riskless trading, the arbitrage in mortgage-backed securities led to the 2008 financial crisis. In Capturing Finance Carolyn Hardin offers a new way of understanding arbitrage as a means for capturing value in financial capitalism. She shows how arbitrage relies on a system of abstract domination built around risk. The commonsense beliefs that taking on debt is necessary for affording everyday life and that investing is necessary to secure retirement income compel individuals to assume risk while financial institutions amass profits. Hardin insists that mitigating financial capitalism's worst consequences, such as perpetuating class and racial inequities, requires challenging the narratives that naturalize risk as a necessary element of financial capitalism as well as social life writ large.

Value Capture and Land Policies

Value Capture and Land Policies PDF

Author: Gregory K. Ingram

Publisher: Lincoln Inst of Land Policy

Published: 2012

Total Pages: 465

ISBN-13: 9781558442276

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"Attention to value capture as a source of public revenue has been increasing in the United States and internationally as some governments experience declines in revenue from traditional sources and others face rapid urban population growth and require large investments in public infrastructure. Privately funded improvements by land-owners can increase the value of their land and property. Public actions, such as investments in infrastructure, the provision of public services, and planning and land use regulation, can also affect the value of land and property. Value capture is a means to realize as public revenue some portion of that increase in value through various revenue-raising instruments. This book, based on the Lincoln Institute of Land Policy's sixth annual land policy conference in May 2011, examines the concept of value capture, its forms, and applications. The first section, on the conceptual framework and history of value capture, reviews its relationship to compensation for partial takings; the long history of value capture policies in Britain and France; and the remarkable expansion of tax increment financing in California. The second section reviews the application of particular instruments of value capture, including the conversion of rural to urban land in China, town planning schemes in India, and community benefit agreements. The third section focuses on ends instead of means and examines the use of value capture by community land trusts to provide affordable housing, the use of land development to finance transit, and the use of various fees to fund airports. The final section explores potential extensions of value capture mechanisms to tax-exempt nonprofits and to the management of state trust lands in the United States."--Publisher's website.

Capturing Finance

Capturing Finance PDF

Author: Carolyn Hardin

Publisher:

Published: 2021

Total Pages: 176

ISBN-13: 9781478014294

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Capitalism as capture -- Arbitrage in theory -- Arbitrage IRL -- The Postonian turn : from exploitation to abstract domination -- Money machines -- The emperor's new clothes.

Preventing Regulatory Capture

Preventing Regulatory Capture PDF

Author: Daniel Carpenter

Publisher: Cambridge University Press

Published: 2014

Total Pages: 531

ISBN-13: 1107036089

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Leading scholars from across the social sciences present empirical evidence that the obstacle of regulatory capture is more surmountable than previously thought.

The Money Saving Mom's Budget

The Money Saving Mom's Budget PDF

Author: Crystal Paine

Publisher: Simon and Schuster

Published: 2012-01-10

Total Pages: 226

ISBN-13: 1451646224

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From one of Nielsen’s top 50 power moms comes advice you can take to the bank—literally! Crystal Paine, who has helped busy women everywhere take control of their finances, presents her most effective strategies designed for families of all sizes and income levels. With hundreds of inspiring “why didn’t I think of that?” tips, plus worksheets, Paine breaks down your goals into easy, manageable steps so you can: • Achieve a complete financial makeover • Set up a realistic budget • Never pay retail • Slash your grocery bill • Organize your time and your home • Use coupons wisely • Pay with cash only • Live simply • Become debt free • Choose contentment • Make every dollar count

Capturing Value Increase in Urban Redevelopment

Capturing Value Increase in Urban Redevelopment PDF

Author: Demetrio Muñoz Gielen

Publisher: Sidestone Press

Published: 2010

Total Pages: 508

ISBN-13: 9088900590

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Everyone would agree that urban development, especially when involving the building of residential areas, should be accompanied by sufficient and good public infrastructure and facilities. We all want neighbourhoods with the necessary roads, green areas, social facilities, affordable housing and public spaces of high quality. At the same time, nowadays, governments are facing severe cuts in public expenditure. So who is going to pay for all that quality? In the Netherlands and in many other countries, achieving these public goals has become a problem, especially in the regeneration of deteriorated inner-city sites. This book offers insight in how the economic value increase that arises from urban development can serve to finance the quality we want, without the need for public subsidies. The findings and recommendations made in this book focus on Western Europe, mainly on successful and alternatively less successful recent experiences in Spain, England and the Netherlands. Public bodies can use the recommendations to create the necessary conditions to improve the involvement of property developers and landowners in the financing of infrastructure and facilities. Property developers and landowners can find formulas for private-public partnership that can lead to lower development costs and risks, allowing them to pay for good infrastructure and facilities while maintaining profitability. Scholars will find here the theoretical backgrounds for this relevant topic. The author has both an academic and a professional background in the practice of urban development.

Handbook of Infrastructures and Cities

Handbook of Infrastructures and Cities PDF

Author: Olivier Coutard

Publisher: Edward Elgar Publishing

Published: 2024-04-12

Total Pages: 483

ISBN-13: 1800889151

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Contributing towards a thriving research area, this comprehensive Handbook presents a broad discussion of infrastructure as social phenomena. It compiles diverse perspectives to delineate the current ‘infrastructural turn’ and assess policy and research challenges relating to contemporary forms of infrastructural development.

Machine Learning in Finance

Machine Learning in Finance PDF

Author: Matthew F. Dixon

Publisher: Springer Nature

Published: 2020-07-01

Total Pages: 565

ISBN-13: 3030410684

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This book introduces machine learning methods in finance. It presents a unified treatment of machine learning and various statistical and computational disciplines in quantitative finance, such as financial econometrics and discrete time stochastic control, with an emphasis on how theory and hypothesis tests inform the choice of algorithm for financial data modeling and decision making. With the trend towards increasing computational resources and larger datasets, machine learning has grown into an important skillset for the finance industry. This book is written for advanced graduate students and academics in financial econometrics, mathematical finance and applied statistics, in addition to quants and data scientists in the field of quantitative finance. Machine Learning in Finance: From Theory to Practice is divided into three parts, each part covering theory and applications. The first presents supervised learning for cross-sectional data from both a Bayesian and frequentist perspective. The more advanced material places a firm emphasis on neural networks, including deep learning, as well as Gaussian processes, with examples in investment management and derivative modeling. The second part presents supervised learning for time series data, arguably the most common data type used in finance with examples in trading, stochastic volatility and fixed income modeling. Finally, the third part presents reinforcement learning and its applications in trading, investment and wealth management. Python code examples are provided to support the readers' understanding of the methodologies and applications. The book also includes more than 80 mathematical and programming exercises, with worked solutions available to instructors. As a bridge to research in this emergent field, the final chapter presents the frontiers of machine learning in finance from a researcher's perspective, highlighting how many well-known concepts in statistical physics are likely to emerge as important methodologies for machine learning in finance.

Green Finance, Sustainable Development and the Belt and Road Initiative

Green Finance, Sustainable Development and the Belt and Road Initiative PDF

Author: Fanny M. Cheung

Publisher: Routledge

Published: 2020-12-21

Total Pages: 327

ISBN-13: 100029627X

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Can China’s Belt and Road Initiative (BRI) promote sustainable development, alongside its primary aims of increasing commercial connectivity with China’s partners? In discussions of the BRI the focus has tended to be on the implications for infrastructure construction, connectivity, and economic diplomacy. Rather less attention has been paid to its potential impact on sustainability. The initiative has not only set principles to prevent climate change and promote sustainable development, but also pledged to align with the UN’s environmental objectives. The contributors to this volume describe and evaluate the consequent policy coordination in the areas of green finance, green energy, and sustainable development in the Belt and Road regions. They examine both the challenges and opportunities of these projects, and the role that Hong Kong can play in supporting their assessment, finance, and implementation. With contributions from authors based in mainland China, Hong Kong, Australia, Qatar, the UK, and the US – with experience in corporate social responsibility, international finance, environmental policy, and international relations – this book presents a thorough and rigorous analysis of the green side of the BRI. A valuable resource for scholars of the BRI and its many implications for China, its partners, and the development of sustainable infrastructure.

Fiscal Vulnerabilities and Risks from Local Government Finance in China

Fiscal Vulnerabilities and Risks from Local Government Finance in China PDF

Author: Ms.Yuanyan Sophia Zhang

Publisher: International Monetary Fund

Published: 2014-01-14

Total Pages: 29

ISBN-13: 1484350561

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China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit and debt—augmented to include off-budget activity—that better illustrates the counter-cyclical role of fiscal policy. The results also show that the augmented fiscal deficit and debt are both considerably higher than the headline government data suggest. Nonetheless, at around 45 percent of GDP, the augmented debt is still at a manageable level.