Coverart for item
The Resource Sustainable Asset Accumulation and Dynamic Portfolio Decisions, by Carl Chiarella, Willi Semmler, Chih-Ying Hsiao, Lebogang Mateane, (electronic resource)

Sustainable Asset Accumulation and Dynamic Portfolio Decisions, by Carl Chiarella, Willi Semmler, Chih-Ying Hsiao, Lebogang Mateane, (electronic resource)

Label
Sustainable Asset Accumulation and Dynamic Portfolio Decisions
Title
Sustainable Asset Accumulation and Dynamic Portfolio Decisions
Statement of responsibility
by Carl Chiarella, Willi Semmler, Chih-Ying Hsiao, Lebogang Mateane
Creator
Contributor
Author
Subject
Language
eng
Summary
This book examines sustainable wealth formation and dynamic decision-making. The global economy experienced a veritable meltdown of asset markets in the years 2007-9, where many funds were overexposed to risky returns and suffered considerable losses. On the other hand, the long-term upswing in the stock market since 2010 has led to asset price booms and some new, but also uneven, wealth formation. In this book a broader set of constraints and guidelines for asset management and wealth accumulation is developed. The authors investigate how wealth formation and the proper management of financial funds can help to adequately buffer income risk and obtain sufficient risk-free income at a later stage of life, while also being socially and environmentally sustainable. The book explores behavioral and institutional rules for decision-making that reflect such constraints and guidelines, without necessarily being optimal in the narrow sense. The authors explain the need for such a dynamic decision-making and dynamic re-balancing of portfolios, by putting forward dynamic programming as an approach to dynamic decision-making that can allow sustainable wealth accumulation and dynamic asset allocation to be successfully integrated. This book provides a clear and comprehensive treatment of asset accumulation and dynamic portfolio models with an emphasis on long term and sustainable wealth formation. An important concern in public debate is the sustainability of our economy and this book employs cutting edge quantitative techniques and models to highlight important facts that cannot be disputed under any reasonable assumptions. It has the potential to become a standard reference for both academic researchers and quantitatively trained practitioners. Eckhard Platen, Professor of Quantitative Finance, University of Technology Sydney, Australia This book should be read by both academics and practitioners alike. The former will find intellectually rigorous discussions and innovative solutions. The latter may find a few of the concepts a bit challenging. Yet, theory and technology are there to help simplify the work of those who worry about what time it is rather than how to make a watch--- but they do need a watch. Jean Brunel, Founder of Brunel Associates and Editor of The Journal of Wealth Management.--
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Chiarella, Carl
Image bit depth
0
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Semmler, Willi.
  • Hsiao, Chih-Ying.
  • Mateane, Lebogang.
Series statement
  • Springer eBooks.
  • Dynamic Modeling and Econometrics in Economics and Finance,
Series volume
18
http://library.link/vocab/subjectName
  • Operations research
  • Decision making
  • Economics, Mathematical
  • Economic theory
  • Macroeconomics
  • Economics
  • Macroeconomics/Monetary Economics//Financial Economics
  • Personal Finance/Wealth Management/Pension Planning
  • Quantitative Finance
  • Economic Theory/Quantitative Economics/Mathematical Methods
  • Operation Research/Decision Theory
Label
Sustainable Asset Accumulation and Dynamic Portfolio Decisions, by Carl Chiarella, Willi Semmler, Chih-Ying Hsiao, Lebogang Mateane, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-662-49229-1
Instantiates
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction -- Forecasting and Low Frequency Movements of Asset Returns -- Portfolio Modeling with Sustainability Constraints -- Dynamic Saving and Portfolio Decisions-Theory -- Asset Accumulation with Estimated Low Frequency Movements Asset Returns -- Asset Accumulation and Portfolio Decisions with Time Varying Asset Returns and Labor Income -- Continuous and Discrete Time Modeling -- Asset Accumulation and Portfolio Decisions under Inflation Risk -- Concluding Remarks
Control code
978-3-662-49229-1
Dimensions
unknown
Extent
1 online resource (XVIII, 189 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783662492291
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-662-49229-1
Other physical details
67 illustrations, 22 illustrations in color.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)957955437
Label
Sustainable Asset Accumulation and Dynamic Portfolio Decisions, by Carl Chiarella, Willi Semmler, Chih-Ying Hsiao, Lebogang Mateane, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-662-49229-1
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction -- Forecasting and Low Frequency Movements of Asset Returns -- Portfolio Modeling with Sustainability Constraints -- Dynamic Saving and Portfolio Decisions-Theory -- Asset Accumulation with Estimated Low Frequency Movements Asset Returns -- Asset Accumulation and Portfolio Decisions with Time Varying Asset Returns and Labor Income -- Continuous and Discrete Time Modeling -- Asset Accumulation and Portfolio Decisions under Inflation Risk -- Concluding Remarks
Control code
978-3-662-49229-1
Dimensions
unknown
Extent
1 online resource (XVIII, 189 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783662492291
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-662-49229-1
Other physical details
67 illustrations, 22 illustrations in color.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)957955437

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