Senin, 30 Juni 2014

* Get Free Ebook Market Liquidity: Asset Pricing, Risk, and Crises, by Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen

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Market Liquidity: Asset Pricing, Risk, and Crises, by Yakov Amihud, Haim Mendelson, Lasse Heje Pedersen

This book presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance. Illiquidity means incurring a high transaction cost, which includes a large price impact when trading and facing a long time to unload a large position. Liquidity risk is higher if a security becomes more illiquid when it needs to be traded in the future, which will raise trading cost. The book shows that higher illiquidity and greater liquidity risk reduce securities prices and raise the expected return that investors require as compensation. Aggregate market liquidity is linked to funding liquidity, which affects the provision of liquidity services. When these become constrained, there is a liquidity crisis which leads to downward price and liquidity spiral. Overall, the volume demonstrates the important role of liquidity in asset pricing.

  • Sales Rank: #480381 in Books
  • Published on: 2012-11-12
  • Released on: 2013-01-17
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.98" h x .67" w x 5.98" l, .85 pounds
  • Binding: Paperback
  • 292 pages

Review
'These authors were writing and teaching about the importance of understanding liquidity way before we all learned more about it than we cared to. They have made major contributions to understanding the real, not purely theoretical, world that investors face every day. Gathering their seminal work in one place along with updated perspectives and overviews is a serious contribution.' Cliff Asness, AQR Capital Management

'Over the past quarter century, the research contributions of Amihud, Mendelson, and Pedersen have been central to an understanding of the determinants and pricing of market liquidity and liquidity risk. This collection places the best available work on the topic between two covers. It must be read by anyone following this subject area.' Darrell Duffie, Stanford University

'The liquidity of financial markets has never been a more important topic of research and policy and this book gives a very accessible way to understand both the traditional and current research. The book reproduces eight papers that range from the seminal work that defined the field starting in the 1980s to the recent research based on the analysis of the financial crisis. A particular feature of the book is the series of extended introductions to each of the papers, written nontechnically to summarize each paper and how it fits into future research - they will transport you to a first rate graduate classroom.' Robert Engle, Nobel Laureate and Director, Volatility Institute, New York University

'The term 'market liquidity' means different things to different people at different times. Distinguishing, defining, and measuring the different meanings is an important activity, especially now, after four years of financial crises. This collection of scientific papers by eminent scholars is an important contribution to understanding market frictions and arrangements to manage them.' Thomas Sargent, Nobel Laureate, New York University

'The authors have made substantial contributions in microstructure, and especially in the understanding of liquidity, for years. This collection of their best articles on liquidity is particularly timely given the growing realization of the macro pathology caused by a financial-crisis-induced recession. They present strong evidence that a liquidity spiral hurts post-recession real investment.' David Whitcomb, author of Securities Market Microstructure and Founder, Automated Trading Desk

About the Author
Yakov Amihud is the Ira Rennert Professor of Finance at the Stern School of Business, New York University. His published research focuses on the effects of the liquidity of stocks and bonds on their returns and values and the design and evaluation of securities markets' trading methods and systems. On these topics, Professor Amihud has advised the New York Stock Exchange, American Stock Exchange, Chicago Board of Options Exchange, Chicago Board of Trade and other securities markets. He has published more than ninety research articles in professional journals and in books and edited and co-edited five books on securities market design, international finance, leveraged buyouts and bank mergers and acquisitions.

Haim Mendelson is the Kleiner Perkins Caufield and Byers Professor of Electronic Business and Commerce and Management, at the Graduate School of Business, Stanford University. His research interests include securities markets, electronic markets, information technology and the information industries. He was elected Distinguished Fellow of the Information Systems Society in recognition of outstanding intellectual contributions to the discipline. Professor Mendelson has published more than one hundred research papers in professional journals and has consulted for high-tech companies, financial institutions and securities markets.

Lasse Heje Pedersen is the John A. Paulson Professor of Finance and Alternative Investments at the New York University Stern School of Business and a principal at AQR Capital Management. He has been part of the Liquidity Working Group of the Federal Reserve Bank of New York, the New York Fed's Monetary Policy Panel, the Board of Directors of the American Finance Association, the Economic Advisory Boards of NASDAQ and FTSE, and associate editor at the Journal of Finance, the Journal of Economic Theory, Review of Asset Pricing Studies, and the Quarterly Journal of Economics. His research explains how crises can arise from liquidity spirals and how market and funding liquidity risks explain equity returns, bond yields, option prices, and currency crashes. Professor Pedersen received the 2011 Bernacer Prize for the best European economist under the age of 40 in macroeconomics and finance.

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2 of 2 people found the following review helpful.
excellent set of papers
By Donna M. Howe
this is a hot topic at present. These authors provide an excellent view of the current state of the field as well as what questions are till left to be answered.

0 of 0 people found the following review helpful.
A very in-depth book on market liquidity
By Fred Zhikang Yu
This book focuses on just one topic: market liquidity.

I didn't know liquidity was priced so significantly in asset prices until finishing reading this book.

This book gave me many thoughts on other topics like HFT ban in some countries, emerging market companies delisting from US and listing in home country and so on.

See all 2 customer reviews...

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Minggu, 29 Juni 2014

>> Ebook The Language of Law and the Foundations of American Constitutionalism, by Gary L. McDowell

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The Language of Law and the Foundations of American Constitutionalism, by Gary L. McDowell

For much of its history, the interpretation of the United States Constitution presupposed judges seeking the meaning of the text and the original intentions behind that text, a process that was deemed by Chief Justice John Marshall to be "the most sacred rule of interpretation." Since the end of the nineteenth century, a radically new understanding has developed in which the moral intuition of the judges is allowed to supplant the Constitution's original meaning as the foundation of interpretation. The Founders' constitution of fixed and permanent meaning has been replaced by the idea of a "living" or evolving constitution. Gary L. McDowell refutes this new understanding, recovering the theoretical grounds of the original Constitution as understood by those who framed and ratified it. It was, he argues, the intention of the Founders that the judiciary must be bound by the original meaning of the Constitution when interpreting it.

  • Sales Rank: #2421530 in Books
  • Published on: 2010-06-28
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.21" h x .91" w x 6.14" l, 1.35 pounds
  • Binding: Paperback
  • 428 pages

Review
"In this fine book, Gary McDowell shows that the Constitution is our fundamental law - not our master but our guide and mentor. Only at our peril do we try to make it our servant."
Harvey Mansfield, Harvard University

"Erudite and lucid: McDowell's book is a must-read for those who wish to understand the philosophical and linguistic roots of the originalist tradition of constitutional interpretation."
R. Kent Newmyer, University of Connecticut School of Law

"This book adds a major dimension of depth to the case for guiding judicial interpretation of the Constitution by the original intent of the framers. McDowell articulates a deeply thought provoking meditation, informed by a fertile understanding of key foundations for originalism articulated by major figures in political philosophy, in the common law, and among the Founders themselves who shaped the theorizing that informs our constitutional order."
Thomas Pangle, University of Texas at Austin

"For several decades, Gary McDowell has been one of our most brilliant and learned students of law and political philosophy. This book is his summa, a profound defense of originalism as a moral Constitutional philosophy, a brilliant discourse on the framers and their philosophical forbears and successors, and a powerful handbook of strategy in what McDowell calls "the contemporary war for the Constitution". This work is essential reading for anyone who cares about the Supreme Court and the Constitution, but it is more. It is, simply stated, one of this generation's most important contributions toward preserving the rule of law itself."
Stephen Presser, Northwestern University School of Law

"In this timely book, the case against the so-called "living" constitution is so powerfully argued and so clearly presented that it cannot be ignored."
Gordon S. Wood, Brown University

"Nonetheless, I suspect that The Language of The Law will be well received by conservatives. McDowell will, one might say, successfully preach to the choir."
Stephen M. Feldman, Professor of Law at University of Wyoming

"With The Language of Law and the Foundations of American Constitutionalism, Gary L. McDowell provides what will probably stand for some time as the most thorough historical account in defense of the originalist approach to the Constitution, exemplified by Antonin Scalia and Robert Bork. In elegant and often-insightful fashion, McDowell surveys the key Enlightenment thinkers who influenced the American Founders, then considers the way those who created and first applied the Constitution thought it should be interpreted."
Martin S. Flaherty, The Journal of American History

"... an outstanding work of scholarship, ably synthesizing and analyzing a considerable body of material and bringing out its contemporary relevance."
Society

About the Author
Gary L. McDowell is a Professor in the Jepson School of Leadership Studies at the University of Richmond, where he holds the Tyler Haynes Interdisciplinary Chair of Leadership Studies, Political Science, and Law. He is the author or editor of ten books, including Equity and the Constitution: The Supreme Court, Equitable Relief and Public Policy; Curbing the Courts: The Constitution and the Limits of Judicial Power; Justice vs. Law: Courts and Politics in American Society (with Eugene W. Hickok, Jr.); and Friends of the Constitution: Writings of the 'Other' Federalists (edited with Colleen Sheehan). In addition to his teaching appointments, he has served as the Director of the Office of the Bicentennial of the Constitution at the National Endowment for the Humanities, Associate Director of Public Affairs at the United States Department of Justice and chief speechwriter to United States Attorney General Edwin Meese III, and Director of the Institute of United States Studies in the University of London.

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5 of 6 people found the following review helpful.
Prof McDowell's Language of Law & Am Const
By Paul B. Eaglin
Professor McDowell writes in an engaging manner to make accessible some potentially mind-numbing concepts that underpin the founding of our nation. Whether one agrees or disagrees, his work is a very helpful addition to literature in this area.

1 of 1 people found the following review helpful.
This is all well and good but I would have thought that would have led ...
By P. Schultz
The book begins with some grieving for the aborted nomination of Robert Bork to the Supreme Court, which McDowell argues represents a break with past practices regarding nominees to the Supreme Court, even though there have been more than 20 nominees rejected. This is all well and good but I would have thought that would have led to an investigation of these other rejections to see if or to what degree they did or did not parallel Bork's rejection. But there is no such investigation, leaving one to wonder whether McDowell's claim is persuasive. Besides, it seems to me that Bork was rejected, not because of his judicial philosophy as is claimed, but because of the part he played in what became known as "the Saturday night massacre" during the Nixon administration, when it was Bork who fired Archibald Cox during the Watergate scandal. Paraphrasing a famous quip by Tip O'Neill, "all politics is personal." And memories in D.C. are quite long.

But to more important matters. McDowell's defense of what is labeled "Originalism" is hardly new, and means that the Supreme Court and others should be guided by the original meaning of the Constitution, the intentions of its framers. While not very controversial in the abstract, I am struck by how facile is the thought behind originalism, which seems to mean that once one adopts this stance toward the Constitution that its original meaning will pop up readily and without ambiguity and that it will be sufficient to guide contemporary politics. This seems a wee bit naive, to say the least.

it is also less than persuasive that an "originalist" stance will accomplish what McDowell apparently would like to accomplish, that is, leash the Supreme Court in order to defeat its tendency toward judicial activism. What McDowell and many others who adopt the "originalist" position fail to appreciate is that the problem is not simply this kind of jurisprudence or that kind of jurisprudence. Rather, the problem is the court itself and its constitutional characteristics, something the opponents of the Constitution, the Anti-Federalists, knew quite well. The Supreme Court is composed of justices who are appointed by the President, with the advice and consent of the Senate, hold office for "good behavior" - read "for life" - and have a jurisdiction that as defined by the Constitution is broad and even virtually limitless. And for a long time now, they have controlled, almost completely, the cases they will decide and the number of cases they will decide.

It doesn't take a great mind to ask: Having established a supreme court, whose justices are appointed by the chief or highest executive officer, who is himself clothed with great powers, with the Senate's consent, serving for life, and deciding cases which are of the utmost importance to the well-being of the nation, you are surprised that this institution actively involves itself in the most important affairs of the nation when given the chance? Will such a court appeal to the shy and retiring types who are willing to defer to men long dead or to other officials holding offices some of which do not seem to be as "high" as this court? Or will such a court appeal to those people who seek out power, even great power, in order to use it and use it actively in ways they deem will best serve the nation? The answer seems pretty obvious, as the Anti-Federalists predicted, that it is the latter types who will seek places on such a court and use those places, once obtained, to participate in, to intervene in the most important issues in ways they think will best serve the nation.

And, of course, one does not have to look too far to see that even those justices who identify as "originalists" make decisions that almost always align with their partisan political stances and, in their minds, serve the nation's needs at the moment. This is not to say that these "originalist" justices are disingenuous. But it is to say that it is all too tempting, when exercising great powers, for people, especially ambitious people, those who love fame, to want to use that power to do what is deemed necessary and beneficial for the nation, even if one has to bend the law, even the Constitution, to do so.

The issue of judicial activism cannot then be dealt with adequately by returning to the "original intent" of the Constitution insofar as the Constitution prepared the soil and planted the seed which has grown into the plant that McDowell wants to pare back or even kill. But then, as implied above, I am unconvinced that even the "originalists" want to actually limit the Supreme Court's power and influence.

1 of 1 people found the following review helpful.
What is unique about this scholarly book
By Carl M. Dibble
More than any other scholar writing in English, Gary L. McDowell knows the great and historically influential works on legal, especially constitutional, interpretation. Even the most learned and esteemed legal thinkers of recent decades, like Ronald Dworkin and H. L. A. Hart, have not written about problems of interpretation with the historical depth that McDowell brings to the scholarly discussion. I am not very sympathetic with his philosophic viewpoint or his political opinions, actually, but I think his scholarship generally is of the highest quality. And it is uniquely valuable in the degree to which it brings historical and philosophic perspective to current controversies on how to interpret the U.S. Constitution.

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Reflecting the enormous advances made in the field over the past ten years, this text synthesizes the latest developments in the ecology and evolution of animal parasites against a backdrop of parallel advances in parasite systematics, biodiversity and life cycles. This second edition has been thoroughly revised to meet the needs of a new generation of parasitology students. Balancing traditional approaches in parasitology with modern studies in parasite ecology and evolution, the authors present basic ecological principles as a unifying framework to help students understand the complex phenomenon of parasitism. Richly illustrated with over 250 figures, the text is accompanied by case study boxes designed to help students appreciate the complexity and diversity of parasites and the scientists who study them. This unique approach, presented clearly and with a minimum of jargon and mathematical detail, encourages students from diverse backgrounds to think generally and conceptually about parasites and parasitism.

  • Sales Rank: #1032769 in Books
  • Published on: 2013-12-16
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.69" h x .87" w x 7.44" l, 2.45 pounds
  • Binding: Paperback
  • 510 pages

Review
"Combining the classical approach of presenting a summary of the biology of the major groups of parasites, with a broad overview of parasite ecology and evolution, this new edition will be a wonderful resource for teachers of undergraduate parasitology courses. The well-illustrated and easy-to-read text is unrivalled at the moment and will be a great tool to turn on a new generation of young minds to the wonders of parasitic organisms. A true parasitological tour de force!"
Robert Poulin, University of Otago

"This is an extremely well written book that does an excellent job of integrating conceptual and organismal aspects of parasitology, which is not easy. The chapter on the evolution of host-parasite interactions does a very nice job of integrating micro- and macro-evolutionary approaches to this topic. The use of boxes to contain historical information and case studies is very effective. Personal accounts of the authors' own experiences studying and teaching parasitology are interesting and effective."
Dale H. Clayton, University of Utah

"The authors have done a terrific job of implementing the dual approach stated in the title. The book combines a comprehensive and balanced presentation of parasite biodiversity with an insightful treatment of the various aspects of the ecology of host/parasite interactions. Their approach is synthetic, refreshingly original and effectively blends coverage of long-standing fundamentals of parasitology with modern advances in the field. Their clever use of text boxes highlighting intriguing parasitological examples is sure to capture the imagination of students of parasitology and other fields of biology alike, serving to illustrate the relevance and importance of the discipline overall."
Janine N. Caira, University of Connecticut

"Interest in the ecology of infectious disease is exploding, often drawing in researchers with little background in the zoology of parasites. Parasitism gives the student both the systematic and zoological background to understand parasitology and the ecological and evolutionary context to understand why it is important to understand parasites. The authors, all extreme parasitophiles, have unmatched histories of teaching parasites to past and current generations of students. It is safe to say that Jerry Esch has read more papers about parasites than any living human. As a team, their approach is clear and scholarly, with many important updates since the first edition."
Kevin D. Lafferty, US Geological Survey, University of California, Santa Barbara

"This is a wonderful and tractable text well suited for the undergraduate taking survey-type parasitology courses and those senior undergraduates enrolled in specialized courses on the ecology and evolution of parasites. It is a ready reference for researchers interested in the current state of knowledge of similar study problems as their own. There is a wealth of detail for well-selected examples, building on the rich experience of the authors as top-notch researchers and educators. Many examples are of medical or veterinarian or wildlife and conservation importance, meaning that they are particularly well suited to help deliver key problems and conceptual and empirical advances. This text is undoubtedly one that will come off the shelf again and again as students delve into the complex interactions between species of parasites and hosts and their current and past environments."
Mark R. Forbes, Carleton University

"This is a well-organized integration of the diversity of ideas and methods that characterize this new field of parasite ecology. The style is easily readable, the details extraordinary, the story told from an evolutionary perspective. The first chapters lay the foundations for understanding parasite life cycles, describing the full diversity of weird and wonderful adaptations of these organisms. The focus on the organismal view is exciting, and written in the context of ideas from classic ecology. The short stories in the boxes add interesting talking points. This is a well-researched document, and even the pros will learn from this book; the literature cited sections at the chapter ends are thorough and up-to-date. The final chapters on ecology and evolution are very synthetic, and the use of examples of diverse parasite strategies to illustrate the history and current status of the field's major ideas works well. I highly recommend this book."
Michael V. K. Sukhdeo, Rutgers University

"This is the book I would have loved to have available when I was teaching."
John C. Holmes, from the Foreword

"The second edition of this classic reference book on parasitology is well worth the 13-year wait ... [It] offers a superbly presented synthesis of its twin central themes - the diversity of parasites and their ecology. The interdisciplinary approach considers the host-parasite relationship at all levels, from molecular, via whole organism, to entire communities."
Andrew Taylor-Robinson, The Biologist

"There are surprisingly few good, up to date books, on Parasitism. This is one of the best ... very readable, extremely well illustrated and keeps the reader right up to date. The authors are highly experienced parasitologists and have clearly invested a good deal of care and thought in the way they have presented the material, ensuring a lucid, coherent approach ... the overall layout of the book is consistent, easy to navigate and well set out ... The information supplied was extremely accurate and the simplification and prioritisation of detail, necessary for a text like this, did not allow the text to stray into inaccuracy. As someone, who regularly teaches undergraduate students about these parasites, the content was well judged and would be suitable for my students ... I would thoroughly recommend this book."
Geoff Hide, Parasitology

"... this new edition of Parasitism is extremely well written with an easily readable style ... The text is illustrated with many new first-class drawings, photographs and micrographs ... This exceptional book is thoroughly recommended."
Biological Journal of the Linnean Society

About the Author
Timothy M. Goater is Professor and former Chair in the Biology Department at Vancouver Island University, British Columbia, Canada. During the past twenty years he has taught courses in introductory biology, parasitology, ecological parasitology, invertebrate zoology and entomology. His research interests focus on the population and community ecology of parasites.

Cameron P. Goater is Associate Professor and former Chair in the Department of Biological Sciences at the University of Lethbridge, Alberta, Canada. His parasitological research roots are in the community ecology of helminths of waterfowl on the Canadian prairies and over the past fifteen years he has taught courses in introductory biology, invertebrate biology, field biology and symbiotic interactions. His current research interests are in the experimental ecology of helminth-host interactions.

Gerald W. Esch is Charles M. Allen Professor of Biology at Wake Forest University, North Carolina, USA, where he has taught for forty-seven years. He is widely regarded to be one of the world's leading ecological parasitologists and served as Editor of the Journal of Parasitology for nineteen years.

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3 of 3 people found the following review helpful.
A complete guide to the exciting and colorful world of animal parasitism.
By sandy neal
A thoroughly comprehensive review of animal parasitism made complete with the inclusion of interesting case studies, detailed illustrations, stunning photography and stellar references. An excellent choice for university/college course study; use as professional reference material or as an amateur guide to parasitology! Extremely interesting and easy to read.

0 of 0 people found the following review helpful.
Five Stars
By Ana Carolina
Excellent

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Sabtu, 28 Juni 2014

>> Get Free Ebook The Iraq Wars and America's Military Revolution, by Keith L. Shimko

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The Iraq Wars and America's Military Revolution, by Keith L. Shimko

Many saw the United States' decisive victory in Desert Storm (1991) as not only vindication of American defense policy since Vietnam but also confirmation of a revolution in military affairs (RMA). Just as information-age technologies were revolutionizing civilian life, the Gulf War appeared to reflect similarly profound changes in warfare. A debate has raged ever since about a contemporary RMA and its implications for American defense policy. Addressing these issues, The Iraq Wars and America's Military Revolution is a comprehensive study of the Iraq Wars in the context of the RMA debate. Focusing on the creation of a reconnaissance-strike complex and conceptions of parallel or nonlinear warfare, Keith L. Shimko finds a persuasive case for a contemporary RMA while recognizing its limitations as well as promise. The RMA's implications for American defense policy are more ambiguous because the military lessons of the Iraq Wars need be placed in the context of judgments about national interests and predictions of future strategic environments.

  • Sales Rank: #898951 in Books
  • Brand: Brand: Cambridge University Press
  • Published on: 2010-04-26
  • Released on: 2010-06-24
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.98" h x .59" w x 5.98" l, .80 pounds
  • Binding: Paperback
  • 262 pages
Features
  • Used Book in Good Condition

Review
"Did Desert Storm and Operation Iraqi Freedom herald a transformation in warfare? In a clearly written examination of these two wars, Shimko's answer is yes. His book advances the debate over the existence and scope of the revolution in military affairs (RMA) by giving defense planners and scholars a framework to judge the evidence themselves. Shimko outlines the key features of the revolution, speculating on what they mean for the low-intensity conflicts of today and how they might shape the high-intensity conflicts of the future. Advocates as well as skeptics of a transformation in warfare will find The Iraq Wars and America's Military Revolution valuable because it is the most coherent statement to date in support of the RMA."
- Jasen J. Castillo, Texas A&M University

"In The Iraq Wars and America's Military Revolution, Keith Shimko offers an informed and fair assessment of the rich yet often disputatious range of views on the evolution and combat use of American military power since Vietnam. In considering the hard investment choices now facing the nation's defense leaders, he has well spotlighted both the merits and the manifest exaggerations on all sides of the debate over the relative strengths and inadequacies of America's transformed warfighting posture from the Persian Gulf War of 1991 to today's very different counterinsurgency wars in Iraq and Afghanistan."
- Benjamin Lambeth, RAND Corporation

"Keith L. Shimko has written a clear and carefully nuanced work on the emergence of the American revolution in military affairs. It should be read by all interested in current defense issues."
- Williamson Murray, Professor Emeritus, The Ohio State University

"This is a most useful volume. So many other works on recent US wars treat them as discrete entities, but Shimko (Purdue Univ.) puts the Vietnam, Gulf, Iraq, and Afghanistan wars on a temporal and geographic continuum, using the concept of a revolution in military affairs (RMA) as a unifying device. At the same time, he provides separate analyses of Iraq I and II and Afghanistan I (conventional warfare phases) and Iraq III and Afghanistan II (counterinsurgency warfare phases) with considerable effect. The result is a lucid portrait of what an RMA is and is not. Shimko believes the American RMA (in terms of precision-guided munitions and computer, informational, and digital advances) rightly belongs with the RMAs of the French Revolution, Napoleon in the 1800s, and the German blitzkrieg of the 1930s as seminal changes in the way wars are fought."
- C. Potholm II, Bowdoin College, Choice

"Have information technologies and precision weaponry transformed the nature of warfare? Were the rapid, decisive victories by the United States in the 1991 Gulf War and the opening weeks of the 2003 Iraq War signs of an impending Revolution in Military Affairs (RMA)? These are just some of the questions that Keith Shimko addresses in his impressive and well-written new book, The Iraq Wars and America's Military Revolution." -Paul K. MacDonald, Wellesley College, H-Diplo/ISSF Roundtable Reviews

About the Author
Keith L. Shimko is Associate Professor of Political Science at Purdue University, where he has taught since 1989. His teaching and research interests are in the areas of international relations and security. Professor Shimko is the author of Images and Arms Control, which received the Quincy Wright Award in 1992, and three editions of International Relations: Perspectives and Controversies. He has also taught at the University of Hamburg, where he was a guest Professor in the Institute for Peace Research and Security Policy in 2002-3.

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* Ebook Obama's Bank: Financing a Durable New Deal, by Michael Likosky

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Obama's Bank: Financing a Durable New Deal, by Michael Likosky

How should the Obama administration lay a solid foundation for growth? As Michael Likosky describes, the Obama Bank can forge partnerships with the private sector to promote a durable twenty-first-century New Deal. The idea is to partner with the private sector to produce public goods such as high-speed rail, clean energy, information technology, drinking water, and other vital infrastructures.

  • Sales Rank: #1671874 in Books
  • Brand: Likosky, Michael
  • Published on: 2010-09-20
  • Released on: 2010-11-18
  • Original language: English
  • Number of items: 1
  • Dimensions: 8.98" h x .79" w x 5.98" l, 1.16 pounds
  • Binding: Paperback
  • 392 pages

Review
"Drawing on his deep understanding and wide-ranging experiences with public-private partnerships, Michael Likosky's book provides essential insight on how to structure a national infrastructure bank effectively, in a way that maintains the public interest, keeps America competitive in the 21st century global economy, and provides the critical investments needed to rebuild our nation."
- U.S. Representative Rosa L. DeLauro (Connecticut)



"Michael Likosky has pulled together every major issue that must be addressed during the creation of the new National Infrastructure Bank. His explanation of each of the many demands being made of this great concept is followed by a clear and concise description of the elements of the organization that can best respond. After reading Obama's Bank, one not only understands the grand scale of what must be done, but also knows exactly how to get there."
- Stanton C. Hazelroth, Executive Director, California Infrastructure and Economic Development Bank



"The notion of an infrastructure bank for the United States is not new. However, Michael Likosky has done what no one else has: looked at all of the key questions that, to this date, have been unanswered. In Obama's Bank he issues a challenge to those who have introduced national infrastructure bank proposals: think very practically about what needs an infrastructure bank can efficiently address, focus on getting the details right, and move beyond talking points to action."
- David Chavern, Chief Operating Officer, U.S. Chamber of Commerce

About the Author
@font-face { font-family: "Verdana"; }@font-face { font-family: "Cambria"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; } Michael Likosky, JD DPhil (Oxford Law), is Senior Fellow at NYU's Institute for Public Knowledge and also directs the Center on Law & Public Finance at the Social Science Research Council. He was previously the professor in International Economic Law at the University of London, and has held visiting posts and fellowships at Oxford Law, NYU Law, University of Bonn, Fordham Law, and University of Wisconsin Law.  Likosky is an Expert to the OECD, the United Nations Conference on Trade and Development, and the Académie Internationale de Droit Comparé.  He is the lead international legal expert in infrastructure, energy and extractives financing to the United Nations World Investment Reports and also contributes to its World Development Report.  Likosky advises international organizations (OECD, UN, IDLO), government officials (Members of US Senate and House, the California Business, Transportation & Housing Agency, the California State Infrastructure and Economic Development Bank, State Agencies, and Treasurers), leading investors (D. E. Shaw, Credit Suisse, Goldman Sachs, Morgan Stanley, Prudential), major firms (ABC, CBS, Deloitte, ESPN, NBC), and non-profits (Ford Foundation, Amnesty International, Transparency International, Laborers' International Union of North America, Service Employees International Union, Trades Union Congress).  His work has been supported by the Ford Foundation, Rockefeller Foundation, Markle Foundation, and Arts and Humanities Research Council.  He is a blogger at Huffington Post, and his work appears in outlets such as the New York Times, Wall Street Journal, Bond Buyer, BNA, American Banker, Guardian UK, Los Angeles Times.  He is a regular contributor to the Oxford Amnesty Lectures.

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0 of 0 people found the following review helpful.
A PROPOSAL FOR "PUBLIC-PRIVATE PARTNERSHIPS" TO MOVE THE ECONOMY
By Steven H Propp
Michael Likosky directs NYU's Center on Law & Public Finance and is a Senior Fellow at NYU's Institute for Public Knowledge; he has also written books such as Law, Infrastructure and Human Rights (Law in Context), The Silicon Empire: Law, Culture And Commerce (Law, Justice, and Power), etc.

He wrote in the Introduction to this 2010 book, "My own hope ... is not that we vilify government-industry relations or quixotically aim to do away with them. Instead, the purpose of writing this book is to advocate bringing to the fore their justification... This book focuses on how to model partnerships so as to advance their public interest aims." (Pg. 3) He adds, "This book advocates for a single mega-bank combining traditional infrastructure sectors along with clean energy in far greater depth than currently envisaged." (Pg. 5)

What Likosky calls "the Obama Bank" is "a stand-in for an approach to recovery." (Pg. 12) He argues that "the Republican free market approach in practice involves the government advancing a certain set of interests... As Obama observed, globalization was a government policy that advantaged some while structurally disfavoring many others." (Pg. 15-16)

He explains, "The Obama Bank is an effort to turn the most appealing aspects of this foreign affairs model inward. The bank itself is modeled on our U.S. export infrastructure banks and the intergovernmental ones. Just as these banks use companies as foreign policy organs to accomplish specific goals such as social and economic development, we will use our own bank to create incentives for companies to accomplish policies promoting the common good. In fact, the Obama Bank aims to do for ourselves what we have been doing for others over the last twenty-five years." (Pg. 25) Later, he adds, "Achieving the appropriate mix is a public policy question... the bank looks at projects differently than does a private-sector partner." (Pg. 61)

He makes the strong point, "the United States and its allies made massive investments in a basic global infrastructure, laying the telecommunication lines and water pipes, building the power plants, constructing roads, and ... the global public infrastructure that was a precondition to the creation of a world factory system. Before we laid this public infrastructure, it was not possible to outsource manufacturing away from the United States. Literally no workable phone lines existed to make call centers possible or to allow the global integration of the monetary system... massive public investments ... were a prerequisite to the global economy as we know it today." (Pg. 112-113)

This is a fascinating book with exciting suggestions for future development. (Unfortunately, "political reality" will likely doom such ideas from being actively considered.)

0 of 0 people found the following review helpful.
Obama's Bank
By Margaret
Great ideas about new ways of looking at issues that we have to deal wit at all levels of government.

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Kamis, 26 Juni 2014

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Physics of Solitons, by Thierry Dauxois, Michel Peyrard

The basic properties of solitons are introduced here using examples from macroscopic physics (e.g. blood pressure pulses and fibre optical communications). The book then presents the main theoretical methods before discussing applications from solid state or atomic physics such as dislocations, excitations in spin chains, conducting polymers, ferroelectrics and Bose-Einstein condensates. Examples are also taken from biological physics and include energy transfer in proteins and DNA fluctuations. Throughout the book the authors emphasize a new approach to modelling nonlinearities in physics.

  • Sales Rank: #2908584 in Books
  • Published on: 2010-06-10
  • Released on: 2010-06-10
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.61" h x .87" w x 6.69" l, 1.52 pounds
  • Binding: Paperback
  • 436 pages

About the Author
Thierry Dauxois is a CNRS researcher at Ecole Normale Superieure de Lyon and an experienced author in his field. Professor Michel Peyrard works at Ecole Normale Superieure de Lyon, and a senior member of the Institut Universitaire de France.

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0 of 1 people found the following review helpful.
Five Stars
By anzor khelashvili
excellent book

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Senin, 23 Juni 2014

^^ Get Free Ebook Vocabulary in Use High Intermediate Student's Book with Answers, by Michael McCarthy, Felicity O'Dell

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Vocabulary in Use High Intermediate Student's Book with Answers, by Michael McCarthy, Felicity O'Dell

A three-level vocabulary series for both self-study and classroom use. Now with a revised edition for each level, this best-selling series has been fully updated to give students the support they need to master more than 7,000 words and phrases in American English. Following the popular in Use format, new language is taught in manageable two-page units with presentation of vocabulary on the left-hand page and innovative practice activities on the right. Suitable for self-study or classroom use, the books are informed by the Cambridge International Corpus to ensure vocabulary taught is useful, up-to-date, and presented in a natural context. Additional activities for extra vocabulary and listening practice are available on the companion website. Firmly based on current vocabulary acquisition theory, this series promotes good learning habits and teaches students how to discover rules for using vocabulary correctly. The High Intermediate level teaches approximately 3,500 vocabulary items.

  • Sales Rank: #294393 in Books
  • Published on: 2010-04-19
  • Original language: English
  • Number of items: 1
  • Dimensions: 10.00" h x .51" w x 7.99" l, 1.65 pounds
  • Binding: Paperback
  • 304 pages

Most helpful customer reviews

9 of 9 people found the following review helpful.
Excelent!!
By KAI
This is a great product. Seriously I've been looking for something like this for a long time. It's easy to follow, understand and practice. I've also tried the Betty series and I found them quite complicated and overwhelming sometimes, but the approach of this autor is the best. I got both the "grammar in use" and "vocabulary in use" as well.

11 of 13 people found the following review helpful.
The best!
By Stelios Gatzionis
The best vocabulary book for learners of English at intermediate and upper intermediate level!Very carefully selected vocabulary,presented in a clear and authentic context.A must for many exams as well.

7 of 7 people found the following review helpful.
more comfortable for the advanced speaker
By Kay S
I had students whom I was tutoring who felt too challenged by the High Intermediate book, so they got this one (so I got one) and I'm working w/ it with them. It's more comfortable for them, yet still enough new material for them to learn from it. I have all levels of Vocabulary in Use, and I've been happy with them all. I like working w/ them, I like the progression of words and exercises. Good resource to enhance the lessons.

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Jumat, 20 Juni 2014

? Ebook Free Practice Tests for IGCSE English as a Second Language: Listening and Speaking Book 1 (Cambridge International IGCSE), by Marian Barry

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The tests will help familiarise students with the format and requirements of the Reading and Writing/Listening and Speaking papers. This book, written by an experienced examiner, contains four exam-format practice tests for each of Papers 3, 4 and 5 of the Cambridge IGCSE English as a Second Language (Core and Extended levels).

  • Sales Rank: #4585193 in Books
  • Published on: 2010-11-08
  • Original language: English
  • Number of items: 1
  • Dimensions: 10.83" h x .16" w x 8.50" l, .45 pounds
  • Binding: Paperback
  • 80 pages

About the Author
fm.author_biographical_note1

Most helpful customer reviews

1 of 1 people found the following review helpful.
Listening Book but does not have CD
By Rayhanul Islam
If the listening book does not have CD, how the students can practise? I feel I have been made a fool by the advertisement.
The book should have CD. I don't understand how the Cambridge has published a listening book without CD.

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Senin, 16 Juni 2014

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Cambridge IGCSE and O Level Accounting is endorsed by Cambridge. This book has been written as per the specification for the Cambridge IGCSE and O Level syllabuses. Accounting principles and practices have been explained in simple language and lucid style to enhance the accessibility of the content to students whose first language is not English.

  • Sales Rank: #2880074 in Books
  • Published on: 2010-09-20
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.69" h x .24" w x 7.44" l, .50 pounds
  • Binding: Paperback
  • 128 pages

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