Applied Derivatives: Options, Futures and Swaps

Book Description

Applied Derivatives provides a detailed, yet relatively non-technical, treatment of the conceptual foundations for derivative securities markets pricing and investment principles. This book draws from the most fundamental concepts of pricing for options, futures, and swaps to provide insight into the potential risks and returns from conventional option investing. This book combines traditional topics in pricing theory with nontraditional topics that the author has researched throughout his career. Topics include, but are not limited to:a CAPM-based derivation of the binomial model which shows no strategies involving fairly-priced options can simultaneously reduce risk and increase returnthe effects of volatility misestimation in synthetic option replicationthe use of linear programming in options arbitrage and replicationthe formation of optimal portfolios consisting of stock, options, and safe assetspricing options when the source of risk is a potential change in interest rates, unit and tailed-based futures hedginginterest rate immunization using swaps.Applied Derivatives is supported by the website http://www.rendleman.com/book which contains course software referenced in the text and additional questions and problems as they become available.

Customer Reviews:

An MBA's guide to Options.......2005-11-23

This is a very well written book from an MBA's perspective. In other words, the emphasis is more on intuition rather than the underlying mathematics of option pricing. The book in fact starts with the Binomial Tree approach to option pricing - a method that is much more intuitive and powerful compared to Black-Scholes. The author walks you through certain arbitrage relationships before developing the binomial tree approach. Black-Scholes is introduced once you have obtained a thorough understanding of the binomial tree approach. There is a decent treatment of Forwards, Futures and Swaps and a very elegant proof for how CAPM weaves into option pricing. I strongly recommend the book to anyone starting out in option pricing. Once you have developed sufficient competence with trees and formulae, you can move to Hull's book which is much more technical but provides robust treatment of exotic options.

Derivatives: A Comprehensive Resource for Options, Futures, Interest Rate Swaps, and Mortgage Securities (Financial Management Association Survey and Synthesis Series)

Average customer rating:

Very good Book for a practitioner
Very poorly written
He knows how to design derivatives and make them work
EXCELLENT AND IN PATCHES OUTSTANDING

Derivatives: A Comprehensive Resource for Options, Futures, Interest Rate Swaps, and Mortgage Securities (Financial Management Association Survey and Synthesis Series)
Fred D. Arditti
Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Futures | Investing | Business & Investing | Subjects | Books

General | Business & Finance | New & Used Textbooks | Stores | Books

ASIN: 0875845606

Book Description

Arditti describes and explains four major classes of derivative instruments: options, futures, interest rate swaps, and mortgage derivatives. He discusses each market's structure and the applications and pricing of each instrument, focusing on the valuation methods that are most commonly used by professional market participants. Each segment begins with a description of the institutional arrangements that have come to characterize the markets in which the instruments trade. Arditti examines basic derivatives in each class with respect to their risk transference properties, risk management applications, and pricing. He then traces the evolution of these markets in terms of new instruments introduced, the factors inspiring their development, and the alterations in pricing technology required by more complex derivatives. Arditti includes numerical examples to clarify the procedures. The Financial Management Association Survey and Synthesis Series.

Customer Reviews:

Very good Book for a practitioner.......2005-12-09

I found the book very useful in practice. It gave you a lot of details.

Very poorly written.......2004-02-13

I found Arditti's writing to be simply attrocious. What the marketplace needs is a clear, concise guide to instrument structure and valuation, and Mr. Arditti writes in circles. As an example, his chapter on option pricing refers to "using the methods used previously in this chapter" without referring to how to apply these to the method just introduced. The method just introduced was explained using numbers that were presumably fabricated, but lord only knows, because the author can't be bothered to specify how his example was structured.

In trying to explain things simply, the author fails to explain anything clearly. "Derivatives" is an extreme disappointment. As a reference, this book may have some use, but if you're looking to learn something from it, stear clear.

He knows how to design derivatives and make them work.......2003-07-28

I am completely satisfied with this book. He knows how to design derivatives and make them work. This book does a remarkable job of explaining the theory and practice of derivative securities.

EXCELLENT AND IN PATCHES OUTSTANDING.......2000-08-09

This book is an excellent resource for beginning and intermediate level fund managers who want to understand the derivatives to be able to use them in risk hedging and income maximization.

The book is excellently organized in four sections and each section is self sufficient. Each of the sections begin with basics, illustrates the concepts with example, introduces the mathematics of pricing and methodology of hedginag of risks

Every section has also a nice subsection on terminology and definitions.

Book Description

This text provides a comprehensive introduction to financial derivatives - futures, forwards, options and swaps - and how they are used to manage treasury risk. The author encourages an intuitive understanding of the hedging process using simple numerical examples, with illustrations from the London International Financial Futures and Options Exchange (LIFFE), and self-test questions. The text assumes little prior knowledge of finance theory, and the practical non-mathematical approach makes it ideal for all students from intermediate undergraduate to postgraduate/MBA and professional, as well as practising treasurers.

Customer Reviews:

Never recommended!.......1998-02-20

Our course has bought this book for us, but I can't understant why they chose this book. It's too simple and the explanations of each topic is undetailed. It's not recommended to beginners because its illustration is not clear enough and its explanation is inadequate, it's also unsuitable for advanced because it's too simple. All my classmates agree with me.

Currency and Interest Rate Hedging: A User's Guide to Options, Futures, Swaps, and Forward Contracts (New York Institute of Finance, Second Edition)

Average customer rating:

excellent non-mathematical primer
perfect for practical use

Currency and Interest Rate Hedging: A User's Guide to Options, Futures, Swaps, and Forward Contracts (New York Institute of Finance, Second Edition)
Torben Juul Andersen
Manufacturer: New York Institute of Finance
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

Money & Monetary Policy | Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Futures | Investing | Business & Investing | Subjects | Books

Options | Investing | Business & Investing | Subjects | Books
ASIN: 0132261014

Customer Reviews:

excellent non-mathematical primer.......2003-09-21

I work in the securities industry, and this book accurately described the markets and products without the detailed mathematics. I would recommend this book as a first reading before the Hull and White book which is much more mathematical.

Too bad it's out of print. I'd like everyone in my group to have a copy.

perfect for practical use.......2000-08-17

I consider the book a perfect guide written by a professional for professionals. If you are looking for scientific completeness and complication, go somewhere else. If you are looking for a competent down-to-earth reference, this is your book. I wonder when the third edition of this valuable tool will be published.

Average customer rating:

Much better than many realize
This book delivers on its title
I bought it becasue I had to....
Comprehensive book on Derivatives
Expensive Books

Futures, Options, and Swaps
Robert W. Kolb
Manufacturer: Blackwell Publishers
ProductGroup: Book
Binding: Hardcover

Public Finance | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Futures | Investing | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

Options | Investing | Business & Investing | Subjects | Books

ASIN: 1577180631

Book Description

Written in a clear, conversational style, this fourth edition of the classic Futures, Options, and Swaps provides the most comprehensive coverage of derivatives currently available. This book is renowned for providing an excellent balance between introductory and advanced topics.

This new edition includes many new applications exercises at the end of each chapter. An enhanced and updated version of OPTION! – the IBM PC-compatible program that can compute virtually every option and swap value discussed in this book – is included with the text.The fourth edition has been extensively updated and reflects the evolution away from the "Chicago"-style markets that has happened in recent years. Chapters on futures markets, interest rate futures, and stock index futures have also been significantly revised.

Customer Reviews:

Much better than many realize.......2005-09-19

Let's face it: the big Kahuna in this space is Hull's 6th Edition of "Options, Futures, and Other Derivatives" (I actually prefer the 5th Edition), which is frequently referred to as "The Bible" by financial quants. Paul Wilmott's two volume "Quantitative Finance" also has a solid following, in addition to growing appreciation for Mark Joshi's "The Concepts and Practice of Mathematical Finance." Robert Kolb's "Futures, Options, and Swaps" therefore is often confined to an "also-ran" and treated as unserious because of its inclusion in the CFA curriculum. This is unfair, and for most undergraduate and MBA students who are not destined for derivatives dealing desks, and even many who are, Kolb is the better volume.

Critics of Hull frequently cite that he is dry and technical to the point of somnolence. For Wilmott the opposite is the case. Critics hold his tone is flippant and that he glosses over major dimensions. My own view is these harsh reactions to these fine authors are exaggerations, but do have some evidence to support their expression. This, as a professor, leads me to the conclusion that for many students the author's tone is a major factor in their successful engagement with a fundamental teaching text.

This leads me to Kolb's excellent works. Many undergraduate and some MBA students of derivatives use "Hull lite" ("Fundamentals of Futures and Options Markets"), but I encourage the wider adoption and use of Kolb's "Futures, Options, and Swaps." Kolb is superior to Hull for tone, accessibility, lucidity, and utility. Where Hull reaches for a completist coverage of obscure pricing models, Kolb's coverage is instead complete in a practical sense, while not abandoning treatment of less well-known options and their pricing models. Kolb's clarity is commendable, and never dry. Kolb does not gloss over or ignore difficult topics, and his style is never pedantic or superficial.

This text does, however, contain any number of horrible errors and editing snafus that frustrate the reader. The errata sheet from the publisher does little to ameliorate the pain from these howlers. One wonders how a book can contain so many errors in such a competitive field. But it is fairly easily explained: because of Kolb's adoption by the CFA curriculum, there is a floor of near guaranteed sales that creates a non-competitive economic rent.

I particularly recommend Kolb over Hull and Wilmott for those students whose background is not mathematics, engineering, or hard sciences. While the book is technical, it is not written in near-code geek speak. For my MBA students who are "poets" rather than "rocket scientists" Kolb wins as hands down favorite. Hull remains excellent for experts, PhD students, technicians, and pricing specialists, however, Kolb certainly deserves wider respect and use by the majority of students of derivatives. In short, while flawed, Kolb is an excellent and accessible work. I recommend the wide adoption of Kolb's "Futures, Options, and Swaps," and in fact, all his other works, for most students of finance.

This book delivers on its title.......2003-05-29

After studying this book, you will know the technical intricacies of futures, options, and swaps. It has also excellent definitions of all the "Greek" risk measures (Delta, Vega, Gamma, etc...).

The book is well organized. The chapter sequence makes good sense. This is a good book overall.

I bought it becasue I had to...........2001-06-21

Many of us ended up with this book on the shelf because it was recommended by the AIMR for the CFA course. This book was so badly edited that it was distracting - figures in tables not matching figures in the text, some calculations just plain wrong, and everything covered at a very superficial level. This had the potential to bridge the gap between a Hull-type presentation and an undergrad-type. Sadly, this book really disappoints.

Comprehensive book on Derivatives.......2000-04-13

Got many books on derivatives, but Kolb's is my favourite one. He covers the topic in a slightly less quantitative way than Hull does and goes straight to all the different derivatives while avoiding any further explanations like Ito's Lemma etc. I especially liked the part on swaps with many examples like flavoured swaps or equity swaps. Nevertheless, if you're looking for a good software, than I would recommend The Complete Guide to Option Pricing Formulas (build on Excel VBA).

Expensive Books.......1999-10-29

This and four other books required for the CFA level I exam are priced a lot more than that offered by the AIMR

Advanced Strategies in Financial Risk Management (New York Institute of Finance)

Average customer rating:

Advanced Strategies in Financial Risk Management (New York Institute of Finance)
Robert J. Schwartz
Manufacturer: New York Institute of Finance
ProductGroup: Book
Binding: Textbook Binding

Public Finance | Economics | Business & Investing | Subjects | Books

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Futures | Investing | Business & Investing | Subjects | Books

Options | Investing | Business & Investing | Subjects | Books

Decision-Making & Problem Solving | Management & Leadership | Business & Investing | Subjects | Books

General | Business & Finance | New & Used Textbooks | Stores | Books

Financial Derivatives: An Introduction to Futures, Forwards, Options and Swaps

Average customer rating:

Decent introduction to derivatives
Useful book for learning more about derivatives

Financial Derivatives: An Introduction to Futures, Forwards, Options and Swaps
Keith Redhead
Manufacturer: Prentice Hall
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Futures | Investing | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

Options | Investing | Business & Investing | Subjects | Books

Customer Reviews:

Decent introduction to derivatives.......2001-10-30

The book is aimed at university students with many worked examples, graphs and end of chapter questions. Redhead's previous works follow this structure. This is useful when you are entering fresh into the area and do not want to be overwhelmed with models or more cutting edge "state of the market" diatribes.

I find the book to be logical, well laid out and progressive. Not the most sophisticated work out there but for the non-trader, non-CFO, it works its charms.

Useful book for learning more about derivatives.......1999-10-02

This is a great handbook for a non specialized audience who want to go further with derivatives instruments. Enter the magic world of swaps, options and even swaptions !

Average customer rating:

Financial Futures, Options, and Swaps
Alan L. Tucker
Manufacturer: West Publishing Company
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Futures | Investing | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

Options | Investing | Business & Investing | Subjects | Books
ASIN: 031475279X

Trading Financial Derivatives - Futures, Swaps, and Options in Therory and Application

Average customer rating:

Trading Financial Derivatives - Futures, Swaps, and Options in Therory and Application
Kas Salazar (Editor)
Manufacturer: Pearson Custom Publishing
ProductGroup: Book
Binding: Mass Market Paperback

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

ASIN: 0536008280

Advance Interest Rate and Currency Swaps: State-of-the-Art Products, Strategies & Risk Management Applications

Average customer rating:

Informative

Advance Interest Rate and Currency Swaps: State-of-the-Art Products, Strategies & Risk Management Applications
Ravi E. Dattatreya , and Kensuke Hotta
Manufacturer: McGraw-Hill Companies
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Banks & Banking | Industries & Professions | Business & Investing | Subjects | Books

Futures | Investing | Business & Investing | Subjects | Books

General | Investing | Business & Investing | Subjects | Books

Options | Investing | Business & Investing | Subjects | Books

Book Description

This book analyzes and integrates the latest developments in this rapidly changing fields. Chapters by financial officers at major corporations such as Rolls Royce, PepsiCo, United Technology and Siemens Electronics further enhance the value of this truly unique book. Topics include: New products, such as indexed and cross-rate swaps; Managing swap credit risk; Liability hedging using swaps; Risk management at major corporations; Financial risk management for developing countries.

Customer Reviews:

Informative.......1997-04-24

This book is a good review of the subject. Regards, Jerry Green, Green Interest Rate Swap Management, http://home.earthlink.net/~green/

Average customer rating:

Invaluable.

Index Your Way to Investment Success
Walter R. Good , and Roy W. Hermansen
Manufacturer: New York Institute of Finance
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books
Public Finance | Economics | Business & Investing | Subjects | Books
General | Business & Investing | Subjects | Books
General | Investing | Business & Investing | Subjects | Books
Mutual Funds | Investing | Business & Investing | Subjects | Books
Similar Items:

The Index Fund Solution: A Step-By-Step Investor's Guide

Index Funds: The 12-Step Program for Active Investors

The Unbeatable Market: Taking the Indexing Path to Financial Peace of Mind

Winning With Index Mutual Funds: How to Beat Wall Street at Its Own Game

The Successful Investor Today: 14 Simple Truths You Must Know When You Invest

ASIN: 0132540207

Book Description

A winning investment strategy for today's volatile markets.

Long a secret guarded by financial insiders, index funds have become a favorite with individual investors of every level. Drawing on their years of experience managing institutional investments, Walter R. Good and Roy W. Hermansen give even novice investors the nuts-and-bolts know-how to boost returns and control risk.

Comprehensive and easy to grasp, this definitive guide covers the basics of indexing in theory, practice...and beyond, to innovative variations. Investors will learn precisely how index funds work. They'll also discover how to reduce costs, defer taxes, control risk and, in the process, beat the vast majority of actively managed mutual funds.

Packed with helpful charts and graphs, readers will learn how to: * choose the right fund * get started (with as little as a few hundred dollars) * develop a sound portfolio * gauge portfolio risk * assess portfolio performance * make adjustments to improve diversification

Hailed as "a landmark book" in the foreword by John C. Bogle, former Chairman of the Board of The Vanguard Group of Investment Companies, INDEX YOUR WAY TO INVESTMENT SUCCESS leads the way to mastering a stable and lucrative investment strategy.

Customer Reviews:

Invaluable........1998-10-08

Quite pleased, and informed. The 2 authors have done a commendable job in delivering the facts and opinions in a straightforward, manner. This is one of the better index books out there. Though there are still far too little. 5 index books total?....The other great index book is Larry's...But overall, this book is top notch.

Average customer rating:

Index Your Way To Investment Success
Hermansen, Good
Manufacturer: New York Institute of Finance
ProductGroup: Book
Binding: Paperback
ASIN: B000OIA3EG

Book Description

The second half of the eighties was a period of fast and significant development of the French business and financial scene. During this period France has had to introduce, adapt and regulate new types of transactions and practices created in other more innovatory financial centres around the world. In assessing and explaining such wide-ranging changes on the French business and financial scene this book comes as a long awaited and useful introduction to businessmen and lawyers who need an understanding of corporate acquisitions and mergers in France. A general overview of the corporate environment is dealt with in Chapter II, while Chapter III briefly addresses the prior administrative and other consents which must be obtained in relation to merger and acquisition transactions in France. Merger and acquisition techniques together with the taxation considerations related thereto are reviewed in Chapter IV and V respectively. Chapter VI finally addresses issues related to labour law in the context of mergers and acquisitions.

Book Description

This book provides a detailed introduction to behavioral tax microsimulation methods and reviews the use of such models for evaluating tax policy reforms.

The steps required to construct a microsimulation model are described in detail and methods of evaluating policy changes are then presented. Labor Supply and Microsimulation deals with a number of issues related to interpreting results from microsimulation, such as welfare measurement, income distribution, confidence intervals around the simulated results and feedback effects on the wage distribution via labour demand. All of the approaches and proposed methods are general and not model-specific. The book includes detailed descriptions of how labor supply models can be used in building behavioral microsimulation models as well as the development of new methods for evaluating policy reforms; for example, dealing with income distribution in discrete hours models, measuring welfare changes and constructing confidence intervals.

Book Description

Most people would agree that it makes sense to tax a company that pollutes in a way that directly reflects the amount of environmental and social damage it has done. Yet in practice, such taxes are fraught with difficulty and have far-reaching implications. A company facing a new tax may lay off workers, for example, exacerbating an unemployment problem. This volume focuses on such external issues and examines in detail the trade-offs involved in designing policies to deal with environmental problems. Reflecting the broad nature of the subject, the contributors include leading economists in the areas of public finance, industrial organization, and trade theory, as well as environmental economists. Integrating both theoretical and empirical methods, they examine environmental policy design as it relates to location decisions, compliance costs, administrative costs, effects on research and development, and international factor movements. Shedding light on an extraordinarily complex and important topic, this collection will be of interest to all those involved in designing effective environmental policy.

Corporate Finance and Fiscal Policy in Ireland

Average customer rating:

Corporate Finance and Fiscal Policy in Ireland
J. C. Stewart
Manufacturer: Avebury
ProductGroup: Book
Binding: Hardcover

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Cutting Taxes for Insuring: Options and Effects of Tax Credits for Health Insurance (Aei Studies on Tax Reform)

Average customer rating:

Cutting Taxes for Insuring: Options and Effects of Tax Credits for Health Insurance (Aei Studies on Tax Reform)
Mark V. Pauly
Manufacturer: AEI Press
ProductGroup: Book
Binding: Paperback

Economic Policy & Development | Economics | Business & Investing | Subjects | Books

General | Taxation | Law | Subjects | Books

Health Policy | Administration & Policy | Medicine | Subjects | Books

General | Health, Mind & Body | Subjects | Books

General | Reference | Subjects | Books
ASIN: 0844771600

Book Description

This study analyzes the effects of a variety of forms of tax credits, especially for workers whose incomes place them above the poverty line but below the median family income.

The Distributional Effects of Government Spending and Taxation

Average customer rating:

The Distributional Effects of Government Spending and Taxation
Dimitri B. Papadimitriou
Manufacturer: Palgrave Macmillan
ProductGroup: Book
Binding: Hardcover

Economic Conditions | Economics | Business & Investing | Subjects | Books

Macroeconomics | Economics | Business & Investing | Subjects | Books

Microeconomics | Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books

Debt & Deficits | Economics | Business & Investing | Subjects | Books

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Economic Conditions | International | Business & Investing | Subjects | Books

General | Taxation | Law | Subjects | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
ASIN: 1403996253
Release Date: 2006-02-16

Book Description

The book presents the distributional consequences of the public sector. Examining both theoretically and empirically, both the effects of giovernment spending and taxation on personal distribution, i.e. on families and individuals and the relationship between the public sector and functional distribution of national income. Government expenditures are explored, asking who benefits from them, who from government transfer programs and who bears the tax burden?

Average customer rating:

Economic Effects of Taxation Policy
Books for Business
Manufacturer: Books for Business
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

jp-unknown2 | Specialty Stores | Books
ASIN: 0894991558

Book Description

The studies in this volume contribute to an improved understanding of the economic effects of some of the more important and controversial features of our tax system. The authors of the papers are distinguished researchers who have brought advanced theoretical and empirical analysis to bear on a number of key issues in tax policy.

Full Employment and High Growth in Europe: A New Cycle of Reforms to Play a Leading Role in the New World Economy

Average customer rating:

Full Employment and High Growth in Europe: A New Cycle of Reforms to Play a Leading Role in the New World Economy
Mario Baldassarri , and Francesco Busato
Manufacturer: Palgrave Macmillan
ProductGroup: Book
Binding: Hardcover

Policy & Current Events | Popular Economics | Business & Investing | Subjects | Books

General | Popular Economics | Business & Investing | Subjects | Books

Development & Growth | Economics | Business & Investing | Subjects | Books

Economic Conditions | Economics | Business & Investing | Subjects | Books

Economic Policy & Development | Economics | Business & Investing | Subjects | Books

International | Economics | Business & Investing | Subjects | Books

Unemployment | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Economic Conditions | International | Business & Investing | Subjects | Books

General | International | Business & Investing | Subjects | Books
ASIN: 1403920702

Book Description

Mario Baldassarri and Francesco Busato evaluate the impact produced by a new cycle of structural reforms over European Union economies. The structural reforms concern the size and the composition of government expenditure, the good and services markets, and the labour market. The book illustrates how the key challenge for European countries is not to discuss how policies could be implemented (e.g. fiscal policy competition vs fiscal policy coordination), but to implement them.

Inflation, Tax Rules, and Capital Formation (National Bureau of Economic Research Monographs)

Average customer rating:

Inflation, Tax Rules, and Capital Formation (National Bureau of Economic Research Monographs)
Martin Feldstein
Manufacturer: Univ of Chicago Pr (Tx)
ProductGroup: Book
Binding: Hardcover

Inflation | Economics | Business & Investing | Subjects | Books

Money & Monetary Policy | Economics | Business & Investing | Subjects | Books

Public Finance | Economics | Business & Investing | Subjects | Books
ASIN: 0226240851

Local Government Tax and Land Use Policies in the United States: Understanding the Links (Studies in Fiscal Federalism and State-Local Finance)

Average customer rating:

the best of the best
the best of the best

Local Government Tax and Land Use Policies in the United States: Understanding the Links (Studies in Fiscal Federalism and State-Local Finance)

Manufacturer: Edward Elgar Pub
ProductGroup: Book
Binding: Hardcover

General | Popular Economics | Business & Investing | Subjects | Books

General | Real Estate | Business & Investing | Subjects | Books

State & Local Government | Government | Nonfiction | Subjects | Books

General | Politics | Nonfiction | Subjects | Books

Environmental & Natural Resources Law | Law | Subjects | Books

Property | Business | Law | Subjects | Books

General | Taxation | Law | Subjects | Books

Book Description

Local Government Tax and Land Use Policies in the United States is an accessible, non-technical evaluation of the most recent economic thinking on the nexus between local land use and tax policies. In Part I, Helen Ladd provides a comprehensive summary of the extensive literature on the interaction of local land use and tax policies. She explores the theoretical controversies and clarifies issues such as the use of land use regulation as a fiscal tool, the effects of taxes on economic activity and the success of tax policies to promote economic development. In Parts II and III, a group of experts presents new research on important issues such as the impact of growth on tax burdens, metropolitan tax base sharing, the incidence of impact fees, and the shift to land value taxation in urban areas. Local Government Tax and Land Use Policies in the United States raises provocative questions concerning the conventional wisdom in fiscal policy. It will be indispensable for economists and students interested in urban issues and local public finance as well as planners and policy makers.

Customer Reviews:

the best of the best.......1999-12-28

it is hard to sum it up. two words, buy i

the best of the best.......1999-12-28

it is hard to sum it up. two words, buy i

Books:

Books Index

Books Home

Recommended Books