Trading Stategies for Capital Markets

In order to succeed in the capital markets, professional traders and investors must understand that markets aren't mathematical abstractions, but dynamic, real-time reflectors of the world we live in. You need to know how the capital markets work in practice, what the drivers are, how to recognize them, and how to develop and implement effective trading strategies.
Written by Joseph Benning, a Moody's Vice President and former Senior Economist at the Chicago Board of Trade, this vital financial resource provides examples of successful trading strategies, guidance on when and why to use them, and revealing discussions of trading psychology and risk management.
With his trademark lively and engaging style, Dr. Benning cuts through the complexities of the capital markets, making them accessible, practical, interesting, and easy to understand. He also organizes Trading Strategies for Capital Markets into three sections for maximum depth and clarity that cover
The historical development of capital markets, the modern market, and drivers such as pricing, policy, and volatility
Main instruments of capital markets, including debt, treasury and federal securities, corporate and municipal bonds, equity securities, hybrid securities, and options. This part also covers trading strategies such as Carry Trade, Tactical Yield Curve Trading, Treasury Basis, and Synthetic Yield Curve--and offers expert accounts of ETFs and equity indexes
Insightful information on risk management, behavioral finance, trading psychology, and position risk
Trading Strategies for Capital Markets equips professional traders and investors with a complete, one-stop reference for all aspects of today's complex capital markets that includes winning trading strategies for taking advantage of current market realities.

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Cost-Benefit Analysis and Incentives In Evaluation: The Structural Funds of the European Union

This book provides an authoritative contribution to applied cost-benefit analysis (CBA) and other evaluation methods in the context of the regional policy of the European Union. Through the use of Structural Funds and other financial and regulatory mechanisms, the EU will help to promote thousands of infrastructure projects in the next decade. CBA will be a key ingredient in the investment decision process and the authors provide important insights from their international experiences in project appraisal and evaluation and point to some valuable lessons to be learnt for the future.

Some key questions addressed by the expert contributors include:
* How should a planner design incentives to stimulate evaluation efforts in project appraisal?
* What can we learn from the evaluation experience at the European Commission, the European Investment Bank, The European Bank for Reconstruction and Development and the World Bank?
* What is the appropriate shadow price of time for Trans-European networks in transport?
* Is there a consensus on the value of the statistical life in environment projects?
* Should we use one unique European social discount rate or several?
Edited by Massimo Florio, a leading expert in CBA and author of the EC, Guide to Cost-Benefit Analysis of Investment Projects (2002), this book will be warmly welcomed by practitioners in investment planning and evaluation, students in public economics, planning, development and European studies, and academics and researchers of CBA and applied welfare economics.

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