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In this book, Nobel Laureate Merton Miller presents a sustained attack on the popular view that modern financial innovations have created excessive market volat
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This book discusses various aspects of blockchains in economic systems and investment strategies in crypto markets. It first addresses the topic from a conceptu
Forecasting Volatility in the Financial Markets
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Forecasting Volatility in the Financial Markets, Third Edition assumes that the reader has a firm grounding in the key principles and methods of understanding v
Financial Innovation: Theories, Models and Regulation
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Financial innovation is a regular feature of the global financial system. Financial innovation results in greater economic efficiency over time. In the process
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benef