Today’s economic growth challenges will become greater in the future because of the world’s aging population, fertility trends and current levels, and current entitlement policies. Those challenges could be overcome, however, with thoughtful public policies […]
Exchange-traded funds (ETFs) have become in their 25-year history one of the fastest growing segments of the investment management business. These funds provide liquid access to virtually every financial market and allow large and small […]
Derivative securities and markets have experienced tremendous worldwide growth since 1970. But even so, they are not always well understood. To remedy this situation, the authors explain the link between options and futures and the […]
Managing risk is at the core of managing any financial organization. Risk measurement and quantitative tools are critical aids for supporting risk management, but quantitative tools alone are no substitute for judgment, wisdom, and knowledge. […]
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