Suchergebnisse

All too often the study of land tenure in agrarian states is treated either as a dimension of economic organization or, with respect to its more specifically formal characteristics, as pertaining to the sphere of law. With both approaches there is the danger of ignoring or at least underplaying the fact that the formulation and regulation of tenural arrangements is an expression of the political order of society. Paradoxically, familiarity with this idea has tended to limit its appreciation. Awareness of the 'classic' and explicit example of feudalism and its place in grand social theory may well direct attention away from the detailed examination of more diffuse forms of the relation between land tenure and political structures. Such a lack of interest is readily observable in the case of Thailand where the history of the relationship is both unusual and highly significant for the analysis of contemporary social change.

Systemic Risk provides readers with a wide-ranging practical guide to systemic risk in the financial system. It challenges the notion that systemic risk is exclusively about interconnectivities within the financial system, showing that past systemic risk crises have often involved a broader range of vulnerabilities. It describes how regulators and governments are seeking to manage systemic risk, and how their concerns are driving change in regulatory and business environments across the financial sector. It sets out how firms and practitioners can effectively respond to these changes (covering topics such as data needs, quantification of risk exposures, management disciplines and skillset requirements etc.). It highlights the sources and characteristics of systemic risk and the concentrations of exposures to this risk. It also links systemic risk with other risk disciplines including exploring how systemic risk ties in with liquidity risk and credit risk and how it interacts with central clearing, collateralisation and pricing of derivatives.

"With slight exaggeration, a case can be made that modern finance has been built, in practice, if not in theory, on implicit tolerance and widespread ignorance of extreme events. Jean Pierre Landau, Deputy Governor, Banque du France Markets are fat-tailed; extreme outcomes occur more often than many might hope, or indeed the statistics or normal distributions might indicate. In this book, the author provides readers with the latest tools and techniques on how best to adapt portfolio construction techniques to cope with extreme events. Beginning with an overview of portfolio construction and market drivers, the book will analyze fat tails, what they are, their behavior, how they can differ and what their underlying causes are. The book will then move on to look at portfolio construction techniques which take into account fat tailed behavior, and how to stress test your portfolio against extreme events. Finally, the book will analyze really extreme events in the context of portfolio choice and problems. The book will offer readers: Ways of understanding and analyzing sources of extreme events Tools for analyzing the key drivers of risk and return, their potential magnitude and how they might interact Methodologies for achieving efficient portfolio construction and risk budgeting Approaches for catering for the time-varying nature of the world in which we live Back-stop approaches for coping with really extreme events Illustrations and real life examples of extreme events across asset classes This will be an indispensible guide for portfolio and risk managers who will need to better protect their portfolios against extreme events which, within the financial markets, occur more frequently than we might expect."--

This book brings together leading researchers on wellbeing science to provide a multidisciplinary approach to psychological wellbeing with implications for the interconnected societal challenges we face today, including loneliness, neoliberalism, inequality and anthropogenic climate change. Its authors present new and innovative models for understanding, building and improving our understanding of the complex construct of wellbeing. The capacity for individual positive change is explored, as well as the scope for such change to impact on the communities and environments within which we live. Further, the book places individual wellbeing within a broader context that also addresses societal needs and challenges. In doing so, it provides a novel synthesis of individual, societal and environmental perspectives on wellbeing and human flourishing. In the face of an urgent need to build stronger, sustainable and more resilient communities, this book demonstrates how wellbeing science can link the individual with the community through appropriate health and wellbeing policies and offers a guide to a new way for individuals to connect with the world. It will appeal to researchers and professionals working across the fields of psychology, environmental science, public health and public policy.