Tabla de Contenidos: “…Motivation xviii About the Authors xxv 1 Globalization: Economies in Collision 1 Motivation 1 1.1 Introduction 1 1.2 Trend and Challenges in Global Finance 5 1.2.1 Global Finance and the 2007-2008 Financial Crisis 5 1.2.2 Geopolitics and Finance or Geo-Finance 7 1.2.3 Population Growth 9 1.2.4 Geo-Finance and Gating 9 1.2.5 Culture and Social Norms 10 1.2.6 Emerging Economies, Equalization, and Risks 11 1.2.7 Regulation and Politics 12 1.3 Global Finance and Trade in the Media and News 12 1.3.1 Taxing Foreign Returns When They Are Repatriated 12 1.3.2 Sovereign Gating and Protective Tariffs, Trade Defense 12 1.3.3 Global Insurance and Dependence 13 1.3.4 Finance and Politics 13 1.3.5 EU-US Regulation Risks in a Trans-Atlantic Market 13 1.3.6 Rare Earth and Strategic Trades 14 1.4 Global Risks 15 1.4.1 Factors Affecting Global Risks 15 1.4.2 Global Finance and Risk Theories 17 1.5 Global Finance and Swaps and Financial Products 18 1.6 Currencies and Liquidity 20 1.7 Foreign Exchange Regime and Markets, Global Payment, and Reserve Currency 23 1.7.1 Foreign Exchange Markets and Global Trade Currency 24 1.7.2 Exchange Rate Regimes 28 1.7.3 Foreign Exchange Reserve Currencies 29 1.7.4 Exchange Rate in Emerging Markets 30 1.8 Trade Incentives and Repressions 33 1.9 Historical Evolution 36 1.9.1 The Gold Standard System 36 1.9.2 The Bretton Woods Agreement 37 1.9.3 The Yuan Exchange Rate: An Example 38 1.10 Archaic and Modern Globalization: A Time Path 40 1.11 Discussions on Global Issues 44 References 46 2 Data, Measurements, and Global Finance 51 Motivation 51 2.1 Data and Models 51 2.1.1 National Accounts and Country-Specific Data 52 2.1.2 Financial Data 53 2.1.3 Corporate and Statistical Measurements 53 2.1.4 Big Data and Model-Less Finance 56 2.1.5 Technology and Financial Data 59 2.1.6 Transforming Data Management in Global Finance 60 2.2 Global Finance, Data Reduction, and Statistical Measurements 61 2.2.1 Moments 61 2.2.2 Skew and Kurtosis (Tails) 63 2.2.3 Outliers, Extreme Statistics, and Fat Tails 65 2.2.4 Extreme Risks 65 2.2.5 Time Series and Filtration 66 2.2.6 Dependence 67 2.2.7 Risk Exposure 75 2.3 Volatility and Implied Models Estimates 76 2.3.1 Simple Volatility Estimates 76 2.3.2 Implied Volatility 77 2.3.3 Moving Average and Autoregressive Moving Average Models 79 2.3.4 ARCH-GARCH Volatility Models 80 2.3.5 ARCH-GARCH Model: Empirical Evidence 82 2.4 Stochastic Models 86 2.4.1 The Constant Rate of Return Hypothesis 88 2.4.2 Autoregressive and Mean Reverting Models 90 2.5 Multivariate Probability Models 91 2.5.1 Bernoulli and Codependence: Qualitative Data 92 2.5.2 Multivariate Qualitative Data 93 2.5.3 Copulas and Multivariate Models 96 2.6 Statistical Data Reduction 100 2.7 Complexity: The Global Risk Finance Scourge 102 2.8 Discussion 103 References 104 3 Global Finance: Utility, Financial Consumption, and Asset Pricing 110 Motivation 110 3.1 Introduction: Financial Models and Pricing 110 3.1.1 The Walras-Arrow-Debreu Preference-Free Q Framework 111 3.1.2 Utility Finance 113 3.1.3 Utility Preferences and Pricing 114 3.2 Review: Elements of Utility and Risk 116 3.2.1 Utility and Risk Preferences 117 3.2.2 Selected Utility Functions 119 3.3 The Utility of Consumption and its Price 119 3.3.1 Example: The Financial Utility of Consumption 120 3.3.2 The Utility of Financial Consumption 121 3.4 The Capital Assets Pricing Model 123 3.4.1 Discussion 125 3.4.2 The Jensen Alpha Case: η = α−Rf 0 125 3.4.3 The Arbitrage Pricing Theory 126 3.4.4 The Capital Assets Pricing Model and Foreign Exchange 127 3.4.5 Pricing Foreign Exchange Rates and a Basket of Foreign Exchange Rates 128 3.4.6 Thought Experiment 130 3.4.7 Linear Regressions, Capital Assets Pricing Model, and Global Finance 130 3.5 Review of Elements of Arrow-Debreu and Q Pricing 131 3.5.1 Applications of the Arrow-Debreu Framework 134 3.5.2 Pricing a Foreign Bond and Foreign Exchange Rates 134 3.5.3 Global Investment Pricing: A Binomial Model 137 3.5.4 Global Investment Pricing: A Portfolio Problem 139 3.5.5 Foreign Exchange, Consumer Price Index, and Purchasing Power Parity 141 3.5.6 Relative Purchasing Power Parity 141 3.6 The Multiperiod Consumption-Based Capital Asset Pricing Model 142 3.6.1 Example: Pricing Exports 144 3.6.2 Example: The Multiagent Consumption-Based Capital Asset Pricing Model 145 3.6.3 Example: Portfolio Investment 146 3.6.4 The Capital Assets Pricing Model as a Special Case of the Consumption-Based Capital Asset Pricing Model 149 3.6.5 Foreign Exchange Rates, Bonds, and Equity 150 3.6.6 Example: Rate of Returns in Foreign Equity Markets and the Foreign Exchange Rate 153 3.7 Thought Experiments 154 References 155 4 Macroeconomics, Foreign Exchange, and Global Finance 157 Motivation 157 4.1 Introduction 157 4.2 Fundamental Macroeconomic Models 158 4.2.1 The Keynes Model: Goods and Money Markets in a Closed Economy 159 4.2.2 Macroeconomic Accounting in Open Economies 162 4.3 Balance of Payments Accounts 165 4.3.1 The Structure of Balance of Payments 165 4.3.2 Principles of Balance of Payments 167 4.3.3 Global External Imbalances 168 4.4 The Mundell and Fleming Model: IS-LM-BOP Model 171 4.4.1 Equilibrium Exchange Rate in the Foreign Exchange Market 171 4.4.2 IS-LM-BOP Model 173 4.4.3 Two-Country Model with Mundell-Fleming 175 4.4.4 Extension of the Mundell-Fleming Model: Trade 176 4.5 Macroeconomic Factors Reshaping Global Outlook 178 4.5.1 Foreign Direct Investment 178 4.5.2 External Debt and its Sustainability 182 4.5.3 Government Bonds and other Macroeconomic Factors 184 4.5.4 The Impact of a Strong US Dollar 185 4.5.5 The US Dollar and Commodity Prices 186 4.5.6 Globalization and Economic Inequalities 187 4.6 Conclusion 190 References 191 5 Foreign Exchange Models and Prices 195 Motivation 195 5.1 Introduction 195 5.2 Macroeconomic Models of Foreign Exchange Rates 196 5.2.1 Underlying Factors for Modeling Foreign Exchange Prices 196 5.2.2 Classification of Foreign Exchange Models 197 5.3 Exchange Rates and Purchasing Power Parity 198 5.3.1 Purchasing Power Parity and the Law of One Price 198 5.3.2 Application of the Law of One Price and Purchasing Power Parity 200 5.4 Foreign Exchange Rates and Interest Rates: The Assets Approach 204 5.4.1 Covered Interest Arbitrage 204 5.4.2 Uncovered Interest Parities 205 5.4.3 Real Interest Parity 206 5.4.4 Testing Uncovered Interest Parity 206 5.5 Demand and Supply of Money and Exchange Rates: Monetary Approach 207 5.5.1 The Frenkel-Mussa Model 208 5.5.2 Foreign Exchange Prices and Inflation 209 5.5.3 The Unified Asset/Monetary Approaches 211 5.5.4 Empirical Evidence on the Monetary Model of Exchange Rate 211 5.6 Extensions of the Models 212 5.6.1 The Balassa-Samuelson Model 212 5.6.2 The Dornbusch Overshooting Model 215 5.6.3 The Real Interest Differential Theory 219 5.6.4 Present-Value Models: Complete and Incomplete Markets 219 5.7 Conclusions 221 Appendix 5.A: Suggested Empirical Work for Econometric and Statistical Analysis 222 References 223 6 Asia: Financial Environment and Risks 226 Motivation 226 6.1 Introduction 226 6.2 Driving Engines of Economic Growth in Asia 228 6.2.1 International Trade 229 6.2.2 Exchange Rate 229 6.2.3 Foreign Investments Expansion 234 6.3 Financial Sector Development in Asia 235 6.3.1 Fast-Growing Banking Sector 237 6.3.2 Bond Market Development 239 6.3.3 Stock Market Development 242 6.4 Risks of Investing in Asia 245 6.4.1 Foreign Exchange Risk 245 6.4.2 Foreign Exchange Option 248 6.4.3 Portfolio with Asian Assets 249 6.5 Financial Development in China 251 6.5.1 Importance of the Banking Sector in China 252 6.5.2 State-Owned Enterprises 254 6.5.3 Challenges in Equity Markets in China 257 6.5.4 Stock Market Development in China 257 6.6 Finance in Japan 260 6.6.1 Banking Sector in Japan 260 6.6.2 Effectiveness of Corporate Governance 260 6.6.3 The Importance of Industry 261 6.6.4 Bond Market Volatility in Japan 263 6.7 Conclusion 265 References 266 7 Financial Currency Pricing, Swaps, Derivatives, and Complete Markets 269 Motivation 269 7.1 Introduction 269 7.2 Pricing Consumption Price Index and Foreign Exchange in Complete Financial Markets 272 7.3 A Generalized Consumption Price Index Foreign Exchange Pricing Model 276 7.4 Relative and Foreign Exchange Basket Price Tracking 278 7.4.1 Currency Basket Design 281 7.4.2 A Global Index Consumption Price Index Price Reversion and Foreign Exchange Prices 284 7.4.3 Global Index Reversion…”

“…After learning the abstractions that Elixir gives us, developers are able to build such applications with inconceivable low effort. …”

Tabla de Contenidos: “…-- Preparation -- Identification or Analysis -- Containment, Mitigation, or Eradication -- Recovery -- Post-incident -- Your Computer Security Incident Response Team -- Cybersecurity Frameworks -- NIST Cybersecurity Framework -- ISO 27000 Cybersecurity Frameworks -- CIS Controls -- COBIT Cybersecurity Framework -- Security Frameworks and Cloud Security -- Chapter 6 Step 6: Control Your Data Assets -- The CIA Triad -- Access Control -- Patch Management -- Physical Security and Your Data -- Malware -- Cryptography Basics -- Bring Your Own Device and Working from Home -- Managed Service Providers -- The Dark Web and Your Data -- Security Leaders on Cyber Defense -- Control Your Data -- Chapter 7 Step 7: Understand the Human Factor -- Social Engineering -- Phishing -- What Can NFTs and ABA Teach Us About Social Engineering? -- How to Prevent Social Engineering Attacks on Your Business -- UI and UX Design -- Internal Threats -- Hacktivism -- Chapter 8 Step 8: Build Redundancy and Resilience -- Understanding Data and Networks -- Building Capacity and Scalability with the Power of the Cloud -- Back It Up, Back It Up, Back It Up -- RAID -- What Ransomware Taught Business About Backups -- Business Continuity -- Disaster Recovery -- Chapter 9 Afterword -- Step 1 -- The Most Notorious Cyberattacker Was Actually a Con Man -- A Strong Security Culture Requires All Hands on Deck -- Hackers Are the Good Guys, Actually -- What Is Security Culture? …”

Tabla de Contenidos: “…Looking for Four-Leaf Clovers -- Sports - US Olympic and Paralympic Committee -- Healthcare -- Tech - Techstars -- Education - University of Wyoming, University of Colorado Health Sciences Center, Western Governors University -- Organizational Mission Alignment -- The How: An Organizational Mission-Alignment Exercise -- Chapter 9 DE&amp -- I Challenges That No One Tells You -- Whose Mother Are We Talking About? …”

Tabla de Contenidos: “…Accelerating into the Region Best Positioned to Bounce Back -- Our Employees Came Through for Us -- Uptick Thanks to New Business Models -- Transparency, Even About Uncertainty -- What's Ahead? …”

Tabla de Contenidos: “…2 What We Knew before Paleogenomics: Modern DNA Evidence on the Neolithic Transition in North Africa -- 3 The Ancient DNA and Paleogenomics Revolutions -- 4 Ancient Genomes from North Africa and What They Tell Us about the Neolithic Transition -- 4.1 Taforalt (Morocco): A Eurasian Origin for North African Upper Paleolithic Populations -- 4.2 Ifri n'Amr o'Moussa (Morocco): Cultural Diffusion or in situ Development Explains the Early Phase of the Neolithic Transition in North Africa -- 5 Kef el Baround (Morocco): Late Neolithic in North Africa is Explained by a Demic Diffusion Model -- 6 Conclusions -- Acknowledgements -- References -- 8. …”

Tabla de Contenidos: “…-- Conclusion -- References -- 4 Add-app-ability -- The Vitruvius Within Us All -- Building Blocks Everywhere -- Bring Your Everything to Work -- A Constant Work in Progress -- De-bossing -- My Digital Companion -- Modal Jazz -- An App Mindset -- From Small Acorns -- Add-app-ability at Scale -- Adopting Add-app-ability -- Applying Add-app-ability -- Conclusion -- References -- 5 Theatres of Work -- The Digital Agora -- The Enchanting Port -- The Digital Tsunami -- The Distributed Manufacturing Environment -- So What Are Physical Work Environments For? …”

Tabla de Contenidos: “…Collection of mercury switches in the US -- 3.1.5. Public financial support -- Box 3.4. …”

“…The recent storm Xynthia, with its ruptures of dikes, caused 53 deaths, adding to so many other tragedies that occurred in flood zones, and questioning us. For example, are we ready to face a flood comparable to that of 1910 in the Paris of tomorrow? …”

“…While other business books claim to tell you how to reach success, they fall short because they don’t address the fact that success is different for each of us. Do Business Better helps you define success on your terms, then shows you how to achieve it. …”

Tabla de Contenidos: “…Cover -- Copyright -- Table of Contents -- Foreword -- Preface -- What to Expect from This Book -- Changes for the Second Edition -- How to Read This Book -- Who This Book Is For -- Conventions Used in This Book -- O'Reilly Online Learning -- How to Contact Us -- Acknowledgments for the Second Edition (2021) -- Acknowledgments for the First Edition (2014) -- Chapter 1. …”

“…Learn to code like a professional with Python – an open source, versatile, and powerful programming language About This Book Learn the fundamentals of programming with Python – one of the best languages ever created Develop a strong set of programming skills that you will be able to express in any situation, on every platform, thanks to Python’s portability Create outstanding applications of all kind, from websites to scripting, and from GUIs to data science Who This Book Is For Python is the most popular introductory teaching language in U.S. top computer science universities, so if you are new to software development, or maybe you have little experience, and would like to start off on the right foot, then this language and this book are what you need. …”

Tabla de Contenidos: “…-- Choosing the right reference frame -- Asynchronous versus concurrent -- The role of the operating system -- Concurrency from the operating system's perspective -- Teaming up with the operating system -- Communicating with the operating system -- The CPU and the operating system -- Down the rabbit hole -- How does the CPU prevent us from accessing memory we're not supposed to access? …”

“…But concepts also lead us astray, driving lazy overgeneralizations and housing unpleasant prejudices. …”

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“… Each year, Windows XP is pre-installed on 30 million PCs sold in the U.S.--and 90 million worldwide--making it the world's most popular operating system, and proving to frustrated users everywhere that preponderance does not equate to ease of use. …”