The following VB libraries are very useful for numerical computing, mathematical modeling and customized financial algorithm development. All the functions were designed to make computations on arrays (i.e., vectors or matrices) simply and quickly. I have shared comprehensive and robust optimization routines that enable calibration of financial models. My students had provided extensive text processing [...]
This year I was working on a Data Visualization Technology to aggregate, and visualize fundamental data using different valuation techniques. In this post I am sharing the fundamental models that were used as the initial building blocks for creating and implementing the framework in C#. I attempted to be as comprehensive as possible in the [...]
The Perimeter Institute conference on economics is being organized in an effort to better evaluate the state of economics as a predictive and descriptive science in light of the current market crisis.
The Math Libraries provide an excellent foundation for understanding the computational intricacies involved in financial modeling. By integrating financial modeling with the algorithms in the math libraries, one will actually achieve two goals at once: users find it easier to understand math theories/concepts and become more employable as they pick up real-world financial skills. Based [...]
The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. A graphic showing how the USD7.8 Trillion Total Bailout Commitment is broken down
23 Oct 2008 – Quote from Greenspan Calls Financial Crisis A Credit Tsunami: “It was the failure to properly price such risky assets that precipitated the crisis” When systemic effects are amplifying correlations and limit violations arise day after day over weeks and weeks, losses tend to spread across financial institutions, and practitioners lost faith [...]
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” Former Citigroup CEO Charles Prince, July 2007 The Carnoustie effect is defined as the degree of mental and psychic shock experienced on collision with reality [...]
US confidence is at its lowest ever, the DOW shoots up into double digits, the long tails get fat, and volatility is impossible to ride. Now we have some investors claiming that it is time to buy – “stocks are cheap, and people who buy today will be glad that they did”. Given that stock [...]
An exclusive conversation with Warren Buffett about the economy. October 1st. 2008
A panel discussion with Princeton economists, who will review recent events on Wall Street and assess their implications for the economy and public policy. Slides presented by Hyun Shin – Crisis on Wall Street Slides presented by Markus Brunnermeier – Thoughts on a New Financial Architecture Slides presented by Harrison Hong – How We Got [...]
