Equity and Growth in a Globalizing World

This book is a compilation of a series of “state of the art” papers on topics related to equity and growth. As inputs to its final report (The Growth Report), the Commission on Growth and Development took stock of the current state of knowledge and understanding of various sectors/issues that have an impact on economic growth, including equity, education, health, leadership and others.

MIRROR #1

MIRROR #2

Structured Finance: The Object Oriented Approach (Repost)

Structured Finance: The Object Orientated Approach is aimed at both the finance and IT professionals involved in the structured finance business with the intention of sharing common concepts and language within the industry. The financial community (structurers, pricers and risk managers) view structured products as collections of objects under the so-called replicating portfolio paradigm. The IT community use object oriented programming (OOP) techniques to improve the software updating and maintenance process. For them structured products are collections of objects as well. Despite use of the same object concept, it looks like communication between these different professional functions has been problematic.








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Economics and the Theory of Games (Repost)

Fernando Vega-Redondo's self-contained account of the main contributions of modern game theory and its applications to economics starts with a detailed description of how to model strategic situations. The discussion proceeds by studying basic solution concepts and their main refinements; games played under incomplete information; and repeated games. For each of these theoretical developments, the text includes a companion set of applications that cover the most representative instances of game-theoretic analysis in economics (e.g., oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions).






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