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edited by (University by Daniel Spulber Richard M Scheffler Editor-in-chief: by Priyaranjan Jha of California, Berkeley, USA), Martha (Northwestern University, USA) Francisco L Rivera-Batiz (University of California, Irvine, USA) (University of California, San Shumway (Columbia University, USA) Francisco, USA) & Răzvan M Chereches (Babeş-Bolyai University, Romania)

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by Ravi Batra by Angus C Chu edited by John B Guerard (McKinley by Hao Ni (University College London, (Southern Methodist University, USA) (University of Liverpool, UK) Capital Management, USA) & UK), Xin Dong (Citadel Securities William T Ziemba (University of British LLC, UK) & Jinsong Zheng (Huatai Columbia, Canada & London School of Securities, China) & Guangxi Yu Economics, United Kingdom) (SWS Research, China)

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Economics and Finance Catalogue 2021

Accounting Handbook World Scientific Reference on Information for Efficient Asia-Pacific Trade Policies (In 2 Volumes) Decision Making Volume 1: Political Economy of Agricultural Protection Big Data, Blockchain and Relevance in East Asia edited by Kashi R Balachandran (New York Volume 2: Agricultural and Manufacturing Protection University Leonard N Stern School of Business, USA) in Australia edited by Kym Anderson (University of Adelaide, Australia & Australian Can there be reliable information that is also National University, Australia) relevant to decision making? This book focuses on the consolidation of information to facilitate This two-volume reference work making decisions in firms, in order to make their provides a timely update on how far operations efficient to reduce their costs and the region has come in opening markets. consequently, increase their profitability. This handbook discusses the It analyses the motivations or ostensible progress in data collection, pros and cons of collecting information objectives of policies adopted in on decentralized publicly available ledgers and several applications. the past, the changing extent of the domestic price distortions involved, the Readership: Accounting and economics students, professors and economic effects of those policies at researchers. home and abroad, the political economy 716pp Dec 2020 forces at work that brought about those 978-981-122-046-3 US$178 £155 policies and their subsequent reform, their consequences for international The Controlling Concept trade, economic welfare and poverty alleviation, and prospects for sustainable improvements in current policies. Case studies of major Cornerstone of Performance Management East Asian economies and Australia reveal how government priorities by Horváth & Partners Management Consultants to assist farmers versus manufacturers have changed over the past Key Features century but especially since the 1980s, and how that has affected • This book aims to show trade between natural resource-poor and resource-rich economies. practitioners how to effectively Readership: Students, researchers, policymakers and professionals implement controlling in their who are interested in the economics and politics of trade policies, business practices agricultural economics, economic development, and food and • This book provides organisational nutrition security in the Asia-Pacific region. checklists and plenty of examples from various business practices drawn from Horváth & 1544pp Feb 2020 Partners’ many years of experience 978-981-3274-66-2 (Set) US$545 £480

Readership: Business and finance practitioners and researchers, performance management practitioners and researchers, business owners, management professionals Other Titles of Interest – New & Bestsellers The Economies of China and India:Cooperation and Conflict 276pp Sep 2020 (In 3 Volumes) 978-981-121-864-4 US$98 £85 Editor-in-chief: John Whalley World Scientific Reference on Asia and the World Economy (In 3 Volumes) Asian Economies Editor-in-chief: John Whalley Case Studies on Preventive Diplomacy in the Asia-Pacific US vs China Yanjun Guo (China Foreign Affairs University, China), et al. From Trade War to Reciprocal Deal China’s Industrial Policy Transformation 4 by Thomas W Pauken II Hanquan Huang (National Development and Reform Commission, “The author has skilfully distilled a sea of data China) into a readable book on the current US-China China – US Trade Frictions Shaping New Equilibriums with the EU trade spats ... A valuable resource for those and the US wishing to untangle the present complicated Xugang Yu (Dentons Law Offices, China), et al. economic relationship between China and Deciphering China’s Microchip Industry the US. Fang Chen, Ruifeng Dong CHOICE The Legend of China: The History of Pudong Development Guoping Xie This book gives readers an up close account on the rough-and-tumble trade talks between the US and China. Preventive Diplomacy in the Asia-Pacific Yanjun Guo (China Foreign Affairs University, China), et al. Readership: General readers interested in US-China trade war and Reform of the International Monetary System US – China relations. Xiao Li (Jilin University, China) 344pp Sep 2019 978-981-120-519-4(pbk) US$28 £19 978-981-120-414-2 US$58 £50 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Reimagining India – Thailand Great Transition in India Relations Critical Explorations A Multilateral and Bilateral Perspective edited by Chanwahn Kim (Hankuk University by Reena Marwah (Delhi University, India) of Foreign Studies, Seoul, Korea) & Rajiv Kumar (Hankuk University of Foreign Studies, Seoul, “As India, Thailand and ASEAN are moving Korea) through future changes and challenges, this This book seeks to explore great transition volume provides an in-depth and timely analysis in India through interdisciplinary and and background, from historical, cultural, multidisciplinary perspectives in the fields of people-to-people contacts, down to present-day Humanities and Social Sciences. In doing so, it context of their geo-economic and geo-political lays foundation not only for understanding India but also in initiating relationships... an invaluable resource and reference to everyone; a new chapter for Indian and South Asian studies. With contributions policymakers, researchers and students, all included, of the region by leading scholars, the book will be of great interest to students, and beyond, for years to come.” researchers, and for anyone wishing to explore India in the fields of Suthipand Chirathivat Humanities and Social Sciences. Chulalongkorn University, Thailand Readership: Academics, researchers, undergraduate and graduate Readership: Students and researchers in political science , economics, students interested in South Asian studies, with a specific focus on and international relations, as well as history and religion. Business India. and industries seeking to trade / invest in Thailand. 228pp Aug 2020 320pp Apr 2020 978-981-122-233-7 US$88 £75 978-981-121-203-1 US$108 £95 China’s Rise in Mainland ASEAN China’s Rise and Regional Evidence and Local Responses Internationalization edited by Suthiphand Chirathivat Regional and Global Challenges and (Chulalongkorn University, Thailand), Impacts Buddhagarn Rutchatorn (Chulalongkorn edited by Filip Abraham (Catholic University of University, Thailand) & Wasutadon Nakawiroj Leuven, Belgium) & Zhaoyong Zhang (Edith Cowan (Chulalongkorn University, Thailand) University, Australia) In today’s rapid rise and expansion of China’s 2018 marks the 40th anniversary of the start influence all around the world and in ASEAN of China’s reform and opening up policy, during the past two decades, there has been which created China’s growth miracle with an increasing awareness of various countries and regions adjusting an annual average growth rate of around 9.5 percent. China’s rapid themselves to the new trends, both in terms of opportunities and rise and internationalization has also generated profound impacts risks alike. This book provides timely insights on some of the latest both regionally and globally. This edited book aims to bring together issues pertaining to ASEAN and China, rapidly shifting interactions academics and researchers at policy institutions to discuss ongoing and upcoming geostrategic challenges. research on a wide range of theoretical and empirical issues related Readership: Students, researchers, policymakers and practitioners to China’s rapid rise and internationalization from both regional and interested in China Studies, Southeast Asian Studies, ASEAN studies, global perspectives. and International Relations. Readership: Researchers and the public who are keen to gain insights 428pp Oct 2020 into the rise of China and the ongoing transformation of the East 978-981-121-703-6 US$148 £130 Asian region.

372pp Apr 2020 978-981-121-090-7 US$128 £115 Titles of Interest – New Titles China International Import Expo Lei Zou (Shanghai Administration Institute, China) China’s Millennium 5 Transformation China’s Economic Development Strategies Rui Liu (Renmin University of China, China) The Belt and Road Initiative by Da Hsuan Feng China’s Regional Economic Development Jinchuan Shi (Zhejiang University, China), et al. “I am glad to see Prof Da Hsuan Feng has a chance China’s Rural Labor Migration and Its Economic Development to exhibit the full potential of an intellectual with Xiaoguang Liu (Renmin University of China, China) a scientific background in writing this book. Very The Great Transformation few people can write this book as well as Prof. Xiaohe Ma (Chinese Academy of Macroeconomic Research, China), Feng, whose multinational experience has been et al. put to full use in this book, as if he has been preparing for writing this authoritative book on BRI all his life. The book not only offers readers How to Become a Modernized Country a comprehensive understanding of BRI, but also provides a potential Chuanqi He (China Center for Modernization Research, China & Chinese Academy of Sciences, China, et al.) blueprint of the international impact of BRI.” Hugh Ching R&D Investment of Multinational Corporations and China’s Founder of Post-Science Institute Independent Innovation Wen Xiao (Zhejiang University, China), et al. Readership: Students, professionals and general public interested in Research on Community Construction in Rural China the belt and road initiative of China. Jiquan Xiang (Central China Normal University, China) 364pp Jul 2020 978-981-121-091-4 US$88 £75 Economics and Finance Catalogue 2021

Shadows Across the Golden Post-COVID Asia Land Deglobalization, Fourth Industrial Myanmar’s Opening, Foreign Influence Revolution, and Sustainable and Investment Development by Simon S C Tay (Singapore Institute of by Hyun-Hoon Lee (Kangwon National International Affairs, Singapore) University, South Korea) & Donghyun Park (Asian Development Bank, Philippines) “This comprehensive book is a must read and an excellent resource for researchers, “This insightful and timely book deals with the practitioners and business people, who want to formidable post-COVID challenges facing Asia. immerse themselves in the evolving politics of The fresh perspective of two prominent Asian contemporary Myanmar. An excellent introduction to understanding economists outlines the critical challenge of achieving sustainable the complexities of the Golden Land.” development at a time of growing deglobalization pressures. The Aiko Doden book is well written and offers illuminating case studies as well as Special Affairs Commentator, NHK World Japan constructive, concrete guidance for a better future. It is essential reading for policy-makers, scholars, and practitioners.” Readership: Myanmar watchers and those with a casual interest in Joshua Aizenman the region. University of Southern California

476pp Oct 2020 Readership: General readers. 978-981-3273-54-2 US$98 £85 324pp Dec 2020 978-981-123-023-3(pbk) US$28 £25 Hong Kong’s 2019 – 2020 Social Unrest 978-981-122-897-1 US$68 £60 The Trigger, History and Lessons by Bernard Yeung (Asian Bureau of Finance The Elusive Tipping Point and Economic Research, Singapore & China – India Ties for a New Order National University of Singapore, Singapore) by P S Suryanarayana This book provides an anatomy of Hong Kong’s “With updated sources, keen insight, and 2019 – 2020 social unrest, which has significantly cutting analysis, Mr Suryanarayana once again damaged its economy and image. It offers adroitly illustrates how elusive a positive tipping in-depth analyses of the journey, identifies point in China-India relations can be and how government and societal failures, and suggests the dynamic bilateral ties intertwine with their long- and short-term policy directions. relations with Pakistan and other global powers. Readership: Political scientists, sociologists, economists, historians, A timely book on important but understudied educators and general public interested in understanding bilateral relations.” contemporary Hong Kong, “one country, two systems” and the stress Qingmin Zhang point in the development of a coherent society. Peking University, China

184pp Nov 2020 Readership: Scholars and students of international relations; 978-981-122-560-4(pbk) US$28 £25 international diplomats; Chinese, Indian, Pakistani diplomats and 978-981-122-629-8 US$58 £50 officials; general public.

200pp Feb 2021 Navigating Uncertainty in the 978-981-122-581-9 US$88 £75 South China Sea Disputes Interdisciplinary Perspectives edited by Nalanda Roy Has Asia Lost It? (Georgia Southern University, USA) Dynamic Past, Turbulent Future by Vasuki Shastry (Chatham House, UK) “The South China Sea is certain to remain a major In his penetrating new book, well-known 6 epicenter of geopolitical conflict ... Roy’s Navigating Asia expert Vasuki Shastry argues that while Uncertainty offers first-rate essays on all the issues, Asia’s reckoning may have been the subject written by experts in accessible language, and of speculation before the pandemic, Covid-19 should have great appeal to specialists, students, has made that inevitable. Shastry challenges policymakers, and general readers. Highly recommended.” conventional thinking about Asia’s place in the Yale H Ferguson world and the book is essential reading for those Rutgers University, USA with an interest in the continent’s future.

Readership: Researchers, scholars, practitioners, and students Readership: Professionals, diplomats, embassies, academics, (advanced undergraduate and postgraduates) interested in Asian researchers, undergraduate and graduate students interested in Asian Regional Security, Asian Politics and International Relations. Studies: economics, history, social sciences and international relations.

144pp Nov 2020 260pp Feb 2021 978-1-78634-927-9 US$68 £60 978-981-122-971-8(pbk) US$28 £25 978-981-122-840-7 US$68 £60

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Guangdong-Hong Kong-Macao Impact of COVID-19 on Asian Greater Bay Area Economies and Policy Responses Planning and Global Positioning edited by Sumit Agarwal (National University edited by Cheng Li (Shenzhen University, of Singapore, Singapore), Zhiguo He (University China), Jie Ji (Shenzhen Institute of Information of Chicago, USA) & Bernard Yeung (National Technology, China) & Genhong Zhao (Shenzhen University of Singapore, Singapore) Institute of Information Technology, China) The Asian Bureau of Finance and Economic Editor-in-chief: Shiping Guo (Shenzhen Research’s (ABFER) community has gathered University, China) a collection of insights to inform the public. This book explains the essence of planning of Besides providing access to research on the Guangdong-Hong Kong-Macao Greater Bay Area, and thoroughly the pandemic conducted in Asia, these commentaries offer demonstrates the new opportunities and challenges that it brings to comprehensive information on the effects of the pandemic, the effectiveness of measures employed to contain it and the subsequent various cities, industries, enterprises, and even individuals. It serves economic impacts from such implementation. With granular as a good reference for understanding and accurately grasping the analyses of government policies and their associated economic development of the Guangdong-Hong Kong-Macao Greater Bay Area. rescue packages, these commentaries elucidate the hard trade-offs Readership: General readers, students, economic researchers, between public health protection and economic security. Finally, professionals. the commentaries address the broader impact of the pandemic on international trade, global value chains and society. 280pp Mar 2021 978-981-121-867-5 US$98 £85 Readership: Students (all levels, including senior high school), academics, practitioners.

Series on Contemporary China 192pp Jan 2021 China’s Political Economy in the Xi Jinping 978-981-122-937-4 US$78 £70 Epoch Domestic and Global Dimensions Statistical Analysis on Key edited by Lowell Dittmer (University of California at Berkeley, USA) Economic Areas of China Editor-in-chief: Xianchun Xu This book takes a fresh look at Chinese political economy at a key (Tsinghua University, China) inflection point. Facing a more competitive international environment, Chinese reform has shifted from its earlier focus on economic By applying statistical and national economic liberalization and political decentralization to a more tightly organized, accounting methods, and based on detailed centralized form of state socialism. statistics and national economic accounting data, this book presents an in-depth analysis Readership: Political scientists, economists, researchers, policy-makers, of the key economic fields. It aims to depict undergraduates and graduate students, general public interested in the performance and characteristics of these understanding China’s political economy in the Xi Jinping era. key economic fields and their roles in the development of national economy, thus providing useful suggestions for economic decision- 300pp Mar 2021 978-981-122-657-1 US$118 £105 making, and facilitating the sustainable and healthy development of the economy and the realization of the goal of building a moderately prosperous society in all respects. The Rule of Three and the Evolution of Readership: Economics and management field academia, researchers, Governance industry practitioners and government agencies. by Charles Tsungnan Lee & Peter deH Caldwell 250pp Apr 2021 Key Features 978-981-122-906-0 US$108 £95 • Breaks totally new ground regarding how various forms of governance evolved in the world • Focuses upon what forms of governance are most likely to Other Titles of Interest – New & Bestsellers benefit people in the future Balanced, Sustainable and Competitiveness Enhancement Study for • Has potential to influence how foreign affairs will be Vietnam 7 Tien Loc Vu (Vietnam Chamber of Commerce and Industry, Vietnam), regarded in the future et al. • Contains entertaining stories that appeal to general Beating the Odds Together - 50 Years of Singapore – Israel Ties public Mattia Tomba (Middle East Institute, National University of Singapore, Singapore) Readership: Political scientists, sociologists, economists, historians, psychologists, Humanists, educators and a general public interested The Belt and Road Initiative and the World’s Largest Small Commodity Market in understanding human governance and the changing relationship Lijun Lu (Zhejiang Institute of Administration, China) between East and West, principally between China and America. Belt and Road Initiative: Interregional Cooperation Between Asia and 300pp Mar 2021 Europe 978-981-122-826-1 US$48 £40 Xinchun Rong (Chinese Academy of Social Sciences, China) China and East Asian Economic Integration Sarah Y Tong (East Asian Institute, National University of Singapore), et al. China’s 19th Party Congress Kerry Brown (King’s College London, UK) China’s Continued Reforms in a New Era Xugang Yu (Dentons Law Offices, China), et al. Insights on Singapore’s Economy and Society from Leading Thinkers www.worldscientific.com/page/ecatalogues Institute of Policy Studies, Singapore Suzhou Industrial Park John Wong (East Asian Institute, National University of Singapore), et al. Economics and Finance Catalogue 2021

Decoding China’s Export Climate Change Economics / Policy Miracle A Global Value Chain Analysis by Yuqing Xing (National Graduate Institute for Reversing Climate Change Policy Studies, Japan) How Carbon Removals can Resolve Climate Change and Fix the Economy By using the experience of the Chinese mobile by Graciela Chichilnisky (Columbia University, phone industry, the book argues that the USA) & Peter Bal (Millemont Institute, USA) global value chain (GVC) strategy can be a short-cut for developing countries to achieve “… Strong and urgent reductions of emissions industrialization and enable firms of developing countries to enter are vital and it is increasingly clear that we will also need to remove carbon dioxide from high-technology sectors despite their intrinsic disadvantages. At this the atmosphere. To incentivise efficient and end, the book also discusses the future trajectory of China-centered effective action on the scale now necessary, GVCs under the shadow of the US-China trade war and the COVID-19 we will need new technology and a strong carbon price to reward pandemic. reductions and removals. This important book not only makes these Readership: Academics, policymakers, professionals, undergraduate arguments clearly and strongly, it also argues that the necessary and graduate students interested in Chinese economy, global value technologies for removal, including those developed by the authors, chains, China – US trade, and international trade. are now available.” Nicholas Stern 200pp Apr 2021 London School of Economics 978-981-122-962-6 US$88 £75 Readership: : A must read for academics and professionals studying, implementing and analyzing global climate change policies. China’s Economic Challenge Unconventional Success 364pp Jul 2020 by Albert Keidel (George Washington University, USA) 978-981-4719-35-3(pbk) US$48 £40 978-981-4719-34-6 US$108 £95 This book analyzes economic strategies responsible for China’s 40 years of 40-fold growth, suggesting how such strategies might be applied elsewhere. The book includes an analysis of the US – China Handbook trade war and China’s economic prospects in the wake of COVID-19. World Scientific Encyclopedia of Climate It is a clear and timely account for anyone interested in understanding Change (In 3 Volumes) the institutions and policies responsible for China’s successful Case Studies of Climate Risk, Action, and Opportunity development and its likely continuation. Editor-in-chief: Jan W Dash (Bloomberg LP, USA) Readership: Academics, professionals, graduate and undergraduate The Climate Change Encyclopedia students interested in Asian studies, economics, international relations is useful for climate change, our and political economy. outstanding risk and survival issue, 540pp Jun 2021 requiring action and providing 978-981-123-048-6 US$158 £140 opportunity. Primary-source expert authors write in a unique case- study structure that enables the Series on China’s Belt and Road Initiative Encyclopedia to be approachable, China’s Belt and Road Initiative informational, and motivational Going Global and Transformation in the for the public. The key focus areas Global Arena are Climate Change and Finance, edited by Hui Nee Au Yong (Universiti Tunku Economics, and Policy, with many Abdul Rahman, Malaysia), Xuchuan Yuan other related climate categories (Singapore University of Social Sciences, included. The over 100 case studies provide realistic and interesting Singapore) & Linda Low (Singapore University of views of climate change, based on authors’ published papers, Social Sciences, Singapore) reports, and books, plus climate-related activities of organizations, 8 and selected topics. Authors are scientists, faith leaders, heads of Contributed by academics and business organizations, business leaders, and many others. professionals from Asia, Europe and Africa, the chapters discuss the contemporary people, business, civil society and government Readership: Students, researchers and professionals interested in the developments related to the BRI and explore Health, Environment Important work of climate change. and Security (HES) challenges that confront the Initiative. This volume 1200pp Apr 2021 shows how a host country can leverage on China’s investment without 978-981-120-929-1 (Set) US$695 £610 losing the nation’s interest. Introductory Offer US$625 £550 Readership: Academics, undergraduate and graduates students, till Jun 30, 2021 professionals and policy makers interested in China’s Belt and Road Initiative, China’s economic development and foreign policy. RELATED JOURNALS 220pp Oct 2021 978-981-122-186-6 US$88 £75 Subscribe / Recommend these journals to your eTextbooks Available! Librarian! Digital resources made convenient *Please log in to your existing account for your students at a lower cost. or register for a FREE account to enjoy FREE access to the selected articles.

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The Future of the Global Order The Six Paradigm Changes That Will Corporate Finance Define 2050 by Vincent Petit (Schneider Electric, Hong Kong) Textbook New Teaching Resources for Management in a This book explores the six fundamental Globalised World - Vol 2 transformations ahead that will define the future of the world in the next three decades. Entrepreneurial Finance Each chapter provides a unique and fact-based A Definitive Guide by Francesca Tenca, Vincenzo Butticè, Massimo analysis of the situation at hand, reviews Gaetano Colombo, Annalisa Croce, Massimiliano underlying uncertainties, and studies their inter- Guerini & Giancarlo Giudici (Politecnico di dependencies. As a tool to trigger debate, the book provides possible Milano, Italy) evolutions in global activity with four baseline scenarios, grasping the key issues which will shape the global order to 2050. This book synthesises current knowledge on entrepreneurial finance. It provides a comprehensive and up-to-date Readership: Anyone who requires an undisputable account of facts and overview of the state-of-the-art in entrepreneurial finance, with a a frame with which to understand key global issues at hand and how focus on its ecosystem and main players. It analyses different channels these will steer global order in one direction or another. of funding for young and growing ventures, namely debt financing, 190pp Feb 2021 venture capital, business angels, and new forms of alternative 978-1-78634-909-5 US$58 £50 finance, highlighting their advantages and disadvantages from an entrepreneur’s perspective.

Readership: Advanced undergraduate and graduate students, Computational Economics / Finance researchers and practitioners in the fields of entrepreneurial finance.

164pp Sep 2020 Between Science and Economics - Vol 2 978-981-122-197-2 US$68 £60 Quantum Computing Physics, Blockchains, and Deep Learning Fundamentals of Institutional Smart Networks by Melanie Swan (Purdue University, USA), Asset Management Renato P dos Santos (Lutheran University of by Frank J Fabozzi (EDHEC Business School, Brazil, Brazil) & Frank Witte (University College France) & Francesco A Fabozzi (Stevens Institute London, UK) of Technology, USA)

“I highly recommend this book for those who This book provides the fundamentals of asset want to learn more about the wondrous world management. It takes a practical perspective of quantum computing and its transformational power through smart in describing asset management. Besides the networks, blockchain, advanced cryptography, machine learning and theoretical aspects of investment management, artificial intelligence.” it provides in-depth insights into the actual Horst Treiblmaier implementation issues associated with investment strategies. The 19 Modul University Vienna chapters combine theory and practice based on the experience of the authors in the asset management industry. Readership: Industry and corporate practitioners, research scientists, Readership: For professors teaching investment management courses and graduate students interested in computer science, blockchain, and investment professionals interested in improving their knowledge machine learning, and quantum information science. of asset management. 400pp Apr 2020 616pp Oct 2020 978-1-78634-820-3 US$138 £120 978-981-122-003-6(pbk) US$88 £75 978-981-122-002-9 US$178 £155 Bestselling Textbook R in Finance and Economics Behavioral Finance 9 A Novel Approach A Beginner’s Guide edited by Itzhak Venezia (Tel Aviv-Yaffo by Abhay Kumar Singh (Edith Cowan University, Academic College, Israel & The Hebrew Australia) & David Edmund Allen (University of University of Jerusalem, Israel) Sydney, Australia) This book presents original papers exploring “One of the best R guides on the market! fresh ideas in behavioral finance. Its chapters Although written for beginners, advanced users span a wide range of topics in a distinct mix of also will learn a lot.” traditional issues along with less conventional Ostap Okhrin matters. This blend creates an optimal balance Dresden University of Technology, Germany between chapters aiming at widening the scope of research in behavioral finance and those striving to refine the extant knowledge. This book provides an introduction to the statistical software R and Subscribe / Recommend its application with an empirical approach in finance and economics. Readership: Academics, Students, Professionals, Financial industry practitioners, Investors, Entrepreneurs. Student market: Economics these journals to your Readership: Undergraduate and graduate students who are interested and Finance students; Academic associations: Economics/Finance; Librarian! in statistical software R and its applications. Professional bodies: SABE, IAREP and equivalents in other vocations. 264pp Feb 2017 388pp Dec 2020 978-981-3144-46-0 US$68 £56 978-981-122-924-4 US$148 £130 Economics and Finance Catalogue 2021

Valuation and Financial Forecasting Handbook A Handbook for Academics and Practitioners by Ben Sopranzetti (Rutgers Business School at Newark and New World Scientific Reference on Contingent Claims Brunswick, USA) & Braun Kiess (Rutgers Business School at Newark Analysis in Corporate Finance (In 4 Volumes) and New Brunswick, USA) Volume 1: Foundations of CCA and Equity Valuation Volume 2: Corporate Debt Valuation with CCA This book is a clearly written and easy to understand handbook Volume 3: Empirical Testing and Applications of CCA intended to help readers of all skill levels accurately forecast financial statements, analyze capital investments, and value business Volume 4: Contingent Claims Approach for Banks and enterprises. The book’s approach transcends the traditional textbook Sovereign Debt edited by Michel Crouhy (NATIXIS, France), Dan Galai & Zvi Wiener discussion of business valuation by providing readers with deep (The Hebrew University of Jerusalem, Israel) insights into the nexus between financial forecasting and business valuation. The book is written with a high degree of academic rigor; yet, Black, Scholes and Merton introduced it is still understandable and easy to use for both novices and experts. the contingent claim analysis (CCA) Readership: Students, industry professionals, general public, owners to the valuation of corporate debt of small businesses. and equity. The CCA considers all stakeholders of the corporation as 300pp Oct 2021 holding contingent claims on the assets 978-981-121-877-4 US$118 £105 of the corporation. Each claim holder has different priorities, maturities Finance in Non-financial Problems and conditions for payouts. In the by Kim Sawyer (University of Melbourne, Australia) four volumes we present the major academic research on CCA to corporate finance. Volume I covers The book applies the concept of finance to non-financial problems the foundations of CCA and equity valuation. Volume II focuses on including politics, the market for ideas, social networks, free trade, corporate debt and capital structure. Volume III presents empirical and the law. The principal objective is to use techniques such as evidence and applications to various financial arrangements. The portfolio theory, diversification, options, and market efficiency in papers in Volume IV show how to apply the CCA to deposit insurance areas where they have not previously been used. This book is then and loan guarantees, contingent convertible bonds, and sovereign an interdisciplinary resource applying the techniques of uncertainty credit risk. to new disciplines, providing a new way to look at old problems, Readership: Graduate students, college and university teachers, presenting problems in the social sciences with a new perspective, researchers and practitioners who are interested to understand and allowing readers to consider political, legal, and social issues in the approaches and methods required to sustain the viability of a a new way. corporate enterprise. Readership: Students and professionals interested in applying the 2036pp Mar 2019 concept of finance to non-financial problems such as politics, social 978-981-4730-72-3 (Set) US$1280 £1125 networks, law etc.

250pp Nov 2021 978-981-3227-49-1 US$98 £86 Notable Backlist Behavioral Finance: The Coming of Age World Scientific Series in Modern Finance: Itzhak Venezia (The Academic College of Tel Aviv-Yaffo, Israel, et al.) Advanced Topics in Finance for the Case Studies for Corporate Finance (In 2 Volumes) Academician and Practitioner - Vol 1 Harold Bierman, Jr (Cornell) Cases in Financial Management Financial Analysis, Planning & Forecasting (3rd Edition) Applications for Financial Analysis John C Lee (Center for PBBEF Research, USA), et al. edited by Ivan E Brick (Rutgers Business School at Newark and New Brunswick, USA) & Lecture Notes in Behavioral Finance Harvey Poniachek (Rutgers Business School Itzhak Venezia (Tel Aviv-Yaffo Academic College, Israel, et al.) at Newark and New Brunswick, USA) Lecture Notes in Introduction to Corporate Finance Ivan E Brick (Rutgers Business School at Newark and New 10 Cases in Financial Management provides original Brunswick, USA) case studies in corporate finance that are based on actual corporate events, and on the authors’ teaching and consulting experiences. Lectures on Corporate Finance (2nd Edition) Accompanied by sophisticated and detailed proposed solutions, Peter Bossaerts (California Institute of Technology, USA), et al. this case book sheds great clarity on the application of financial Mergers & Acquisitions management and market principles for both students and Harvey A Poniachek (Rutgers University, USA) professionals, including consultants, accountants and attorneys who New Frontiers in Entrepreneurial Finance Research are advising corporate clients. Anita Quas (University of Milan, Italy), et al. Readership: Students, consultants, accountants and attorneys who are Stock Markets and Corporate Finance advising corporate clients. Michael Dempsey (RMIT University, Australia) 600pp Jan 2022 The Value Sphere (4th Edition) 978-981-121-673-2 US$168 £150 John Boquist (Indiana University of Bloomington, USA), et al.

Textbook Inspection Copy eTextbooks Available! Email: [email protected] Digital resources made convenient or scan the QR code for your students at a lower cost. For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Developmental Economics

Regional Economics Turkish Economy at the Fundamental Concepts, Policies, Crossroads and Institutions Facing the Challenges Ahead by Iwan J Azis (Cornell University, USA) edited by Asaf Savas¸Akat (Istanbul Bilgi University, Turkey) & Seyfettin Gürsel This book is a unique and unconventional (Bahçes¸ehir University, Turkey) economics textbook which emphasizes the role of ‘space’ in economics and highlights the This is an exciting new volume of articles from importance of non-economic factors particularly prominent experts, edited by two distinguished the role of institutions in regional development. economists. Despite its international stature It also presents the approach on how to evaluate and its diversified open-market economy, the regional development performance based on economic, social, and global literature on Turkey is dispersed and sparse. The book aims to environmental considerations, which is the organizing principle for remedy this shortcoming by providing readers interested in Turkey meeting people-oriented development and sustainable development with a balanced and up-to-date overview of the economy. goals. Other essential concepts such as ‘regional science’ and ‘spatial Readership: Post-graduate students, academic researchers and think- economics’ are also explored in this book. tanks dealing with the region, as well as international organizations, Readership: Students, researchers and policymakers interested in financial sector research units and multinational corporations. regional economics. 372pp Oct 2020 184pp Feb 2020 978-981-121-488-2 US$128 £115 978-981-121-382-3(pbk) US$38 £35 978-981-121-337-3 US$78 £70 Conceptual Economics The Liaising Role in Politics and Advanced Research on Asian Economy and Social Sciences Economies of Other Continents - Vol 11 by Kui Wai Li (The Kui-Wai consultancy for Development Strategies of Economic Development, Canada)

Open Economies Given that there is no shortage of economic Cases from Emerging East and theories while economic problems are Southeast Asia growing periodically, Conceptual Economics by Frank S T Hsiao (University of Colorado, boldly attempts to initiate a new approach Boulder, USA) & Mei-Chu Wang Hsiao by employing conceptual and intuitive tools (University of Colorado, Denver, USA) to examine the intra-relationship between microeconomics and “The authors, identifying the short as well as macroeconomics as well as the inter-relationship between economic long run nature of time series with their superb expertise in Asian analysis and other social science studies, especially the relationship economics, mathematical economics and econometrics, not only with political science. clarify the time series structures of interdependence among countries Readership: Researchers, think tanks, policymakers, and advanced with international trade and investments, but also reveal the strategic undergraduate students interested in economics, policy studies, interactions among macroeconomic policies of exports, foreign political science, development studies, philosophy and social sciences. direct investment and economic growth in East and Southeast Asian economies.” 308pp Feb 2021 Koichi Hamada 978-981-122-218-4 US$98 £85 Yale University

Readership: Advanced undergraduate and graduate students and Notable Backlist lecturers of economics, applied econometrics, macroeconomics and regional economic analysis, as well as policy makers. Economic Development of Korea Chuk Kyo Kim (Hanyang University, South Korea) 11 376pp Apr 2020 Economic Growth and Development (3rd Edition) 978-981-120-540-8 US$118 £105 Hendrik Van den Berg (University of Nebraska-Lincoln, USA, et al.) The Economics of the Middle East and North Africa (MENA) Foundations of the Future (2nd Edition) The Global Battle for Infrastructure Joseph Pelzman (George Washington University, USA) by Anthony H Rowley Financial Inclusion, Remittance Inflows, and Poverty Reduction in Developing Countries “The global battle for the commanding heights Takeshi Inoue (Kobe University, Japan), et al. of infrastructure is a struggle that will reshape our world. This book is a great introduction, by Gender Inequality Clement A Tisdell (The University of Queensland, Australia) one of the most acute commentators on Asian finance and economic affairs. Introduction to Microfinance Kent Calder Todd A Watkins (Lehigh University, USA) Johns Hopkins University SAIS World Scientific Reference on Globalisation in Eurasia and the Pacific Rim (In 4 Volumes) Readership: General readers, economists, financial analysts, engineers, Editor-in-chief: David A Dyker (University of Sussex, UK) politicians, diplomats, university students, logistics specialists, academics.

192pp Aug 2020 978-981-121-803-3 US$38 £30 Economics and Finance Catalogue 2021

Albert Winsemius Environmental / Urban / Resources / Here, It is Going to Happen by Euston Quah (Nanyang Technological Energy Economics University, Singapore)

Here, it is going to happen is the title of a painting Greening the Urban Habitat memorialising Albert Winsemius’s industrial A Quantitative and Empirical Approach survey mission to Singapore. The picture depicts by David Kim Hin Ho (University of Hertfordshire, UK & National University of the hilltop view of a preindustrial Jurong. It now Singapore, Singapore) resides in the office of the Albert Winsemius Chair Professor in Nanyang Technological This book is a good reference book for city University. planners, architects and civil engineers involved in the conceptualisation, design and building Besides being a biography of Albert Winsemius, the book examines of urban habitations, who aspire to increase Albert Winsemius’s affinity with Singapore and his contributions to the liveability of their cities. It introduces the the nation’s economic development. It also looks at his legacy and Singapore Green Plot Ratio (GnPR) as an Urban Planning Metric to influence on past, current and future economic planners. promote the widespread and intensive use of greenery for new and Readership: General readers, researchers and academics alike who existing buildings in towns and cities like Singapore — a former third are interested in Singapore’s economics and development since its world city that has transformed into one of the world’s most liveable independence. metropolises.

250pp Jan 2022 Readership: City planners, architects and civil engineers involved in 978-981-122-965-7 US$88 £75 the conceptualisation, design and building of urban habitations, who aspire to increase the liveability of their cities.

220pp Feb 2020 Economics of Wine 978-981-120-724-2 US$108 £95

Bestselling Handbook Handbook World Scientific Handbook in Financial Economics Series - Vol 6 Handbook of Energy Finance World Scientific Reference on Handbook of Theories, Practices and Simulations the Economics of Wine (In 2 Volumes) edited by Stéphane Goutte (CEMOTEV, UVSQ, Volume 1: Prices, Finance, and Expert Opinion Paris-Saclay, France) & Duc Khuong Nguyen Volume 2: Reputation, Regulation, and Market Organization (IPAG Business School, France & VNU International School, Vietnam) edited by Orley Ashenfelter (Princeton University, USA), Olivier Gergaud (KEDGE Business School, France), Karl Storchmann This handbook aims to advance the debate on (New York University, USA) & William Ziemba (UBC & London School the theories and practices of quantitative energy of Economics, UK) finance while shedding light on innovative results and technical Over the last three decades, wine methods applied to energy markets. Its primary focus is on the recent economics has emerged as a growing development and applications of mathematical and quantitative field within agricultural economics, but approaches for a better understanding of the stochastic processes also in other fields such as finance, trade, that drive energy market movements. The handbook is designed for growth, environmental economics and not only graduate students and researchers but also practitioners industrial organization. This handbook and policymakers. takes a broad approach and familiarizes Readership: Graduate students, researchers, practitioners and the reader with the main research strands policymakers in the field of energy finance. in wine economics. 828pp Mar 2020 Readership: Graduate students and 978-981-3278-37-0 US$228 £200 12 specialists in the field of wine economics.

1048pp May 2018 978-981-4740-57-9 (Set) US$495 £436 RELATED JOURNALS Subscribe / Recommend these journals to your Librarian!

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Renewable Energy Finance Macroalgal Biorefineries for the (2nd Edition) Blue Economy Funding the Future of Energy by Alexander Golberg, Arthur Nils Robin, edited by Charles W Donovan Meiron Zollmann, Hadar Traugott (Tel Aviv (Imperial College Business School, UK) University, Israel), Ruslana Rachel Palatnik (University of Haifa, Israel) & Alvaro Israel Reviews of the First Edition: (Israel Oceanographic & Limnological Research “The entire text is quite readable and can be Institute, Israel) moved through with relative ease. This reviewer heartily recommends that, regardless of your This unique compendium provides an insight background, you read this book to really get a into the role of emerging marine biorefineries grasp of the cutting-edge of climate finance.” based on macroalgae (seaweeds) in the development of a sustainable LSE Review of Books use of ocean resources for economic growth-blue economy. The useful reference text shows a complete picture on the motivation to This second edition documents, with practical examples, the ways in develop seaweed technologies, and how the combination of biology, which investors have funded over $2.6 trillion in solar, wind, and other cultivation technologies and downstream processing with economics renewable energy projects over the past decade. can address the social challenges through the blue growth. Readership: The book should be used as an introduction into investing in renewable energy assets and can be used by corporate managers, Readership: Professionals, researchers, academics, and graduate policymakers, and advanced business students. students in biotechnology, bioengineering and chemical engineering.

376pp May 2020 304pp Nov 2020 978-981-122-428-7 US$108 £95 978-1-78634-862-3(pbk) US$58 £50 978-1-78634-859-3 US$148 £130 China’s Energy Security Series on Chinese Economics Research - Vol 19 Analysis, Assessment and Improvement Environmental Economics edited by Jingzheng Ren (The Hong Kong Research and China’s Green Polytechnic University, Hong Kong) Development Strategy Key Features by Youguo Zhang (Chinese Academy of • Qualitative assessment and Social Sciences, China) quantitative analysis are combined Translated by: Hao Xu, Linlin Xie for the assessment and analysis of energy security This book discusses several important issues • Multi-criteria analysis and in the practice of China’s green development. operations management methods are used for multi- It analyzes the carbon mitigation, water dimensional measurements of energy security conservation and environmental pollution from the perspectives • Systematic studies from multi-disciplinary researchers are of economic development, technological change, production and integrated for assessment, analysis and improvement demand. The book uses various quantitative methods to reveal the pathways of China’s green development. The findings, discussions and Readership: Researchers, policy-makers, think tanks, postgraduates policy implications of this book contribute to the theory and policy and undergraduates interested in energy security, energy policy, studies in China’s green development. energy economics and China studies.

Readership: Academics, professionals, policy-makers and students 248pp Jan 2021 interested in environmental economics and green development 978-1-78634-921-7 US$98 £85 policies and strategies in China.

440pp Mar 2020 978-981-120-290-2 US$148 £130 Notable Backlist Achieving Energy Security in Asia New Technology and Conflicting Farhad Taghizadeh-Hesary (Waseda University, Japan), et al. Information Corporate Social Responsibility, Ethics and Sustainable Prosperity 13 Assessing Consumers’Willingness-to-Pay Sabri Boubaker (South Champagne Business School, France), et al. for New Foods Economics of Natural Disasters edited by Wallace E Huffman (Iowa State Suman Kumari Sharma (Nanyang Technological University, University, USA) & Jill J McCluskey (Washington Singapore), et al. State University, USA) The Goldilocks Policy Key Features John R Fanchi (Texas Christian University, USA) • The book is the first of its kind Green Development of Asia-Pacific Cities providing a unique treatment of Zheng Zhao (Development Research Center of the State Council, consumer’s willingness-to-pay for new food products PRC, China) with controversial attributes The Impossibility of Mapping (Urban Asia) • The authors are well known in the research methods Ute Meta Bauer, Khim Ong & Roger Nelson covered in the book Sustainability Management and Business Strategy in Asia • The book provides useful links to the empirical literature Katsuhiko Kokubu (Kobe University, Japan), et al. on the topic Sustainable Energy Transition in South Asia Readership: For researchers, graduate students and the general public S Narayan (National University of Singapore, Singapore), et al. who would like to understand consumers’ willingness to pay for new foods with controversial attributes.

620pp Nov 2020 978-981-121-671-8 US$178 £155 Economics and Finance Catalogue 2021

Series on Asian Regional Cooperation Studies Bestseller ASEAN – China Cooperation for Environmental Protection Solar Power Finance Without and Sustainable Energy the Jargon by Jenny Chase (BloombergNEF, Switzerland) Development edited by Yue Yang (China Foreign Affairs “This is an essential book for anyone aiming University, China) & Fujian Li (China Foreign to start a career in solar power or just seeking a Affairs University, China) deeper understanding. It’s also an entertaining read, salted with personal anecdotes and, in In order for the joint research by Network of ASEAN-China Think-tanks (NACT) to reach out to a much wider places, wry humour. Jenny Chase gives a lively audience, NACT began to publish joint research of all Working account of how she rose through a precarious startup to become the Groups since 2019. The contributing scholars give their ingenious head of solar analysis at Bloomberg. There is helpful career advice. and insightful thoughts on ASEAN-China energy and environmental At its core the book contains detailed analysis of the history, protection cooperation from either a national or a regional technology, economics, finance, and business practices of the perspective. Two NACT Working Group Reports are also incorporated photovoltaics industry and her views on its prospects.” in the appendices of this book, including innovative and practical Neil Hirst policy recommendations on strengthening ASEAN-China sustainable Imperial College London energy and environmental protection cooperation in existing priority Readership: A business book written for people with an interest in areas and identifying new ones. energy; energy professionals. Readership: Academics, policymakers, professionals, undergraduate and graduate students, interested in China-ASEAN cooperation in 208pp Jul 2019 sustainable energy and environment protection. 978-1-78634-745-9(pbk) US$38 £28 978-1-78634-739-8 US$78 £70 200pp Feb 2021 978-981-122-179-8 US$98 £85 World Scientific Lecture Notes in Economics and Policy - Vol 7 Current Issues in Global Economics, Game Theory and Agricultural and Trade Policy International Environmental Essays in Honour of Timothy E Josling edited by David Blandford (Pennsylvania State Agreements University, USA) & Stefan Tangerman (University The Ca’ Foscari Lectures of Göttingen, Germany) by Henry Tulkens (Université catholique de Louvain, Belgium & Università Ca’ Foscari Areas covered in the book include farm policies Venezia, Italy) of the EU and the USA, analysis of farm support and its effects, US trade policy for agricultural The science and management of environmental products, analysis of food security, implications problems is a vast area, comprising both the natural and social of sanitary and phytosanitary measures, and relevance of geographical sciences, and the multidisciplinary links often make these issues indications in international trade. The implications of the COVID-19 challenging to comprehend. This book aims to introduce students pandemic for agricultural trade policy are discussed in an endnote. to the multidimensional character of international environmental This book throws light on some of the most impressive achievements problems in general, and climate change in particular. of the agricultural economics profession. Readership: Students and researchers who are interested in Readership: Graduate students, researchers, and policy makers learning more about transboundary environmental issues from an interested in agricultural economics, trade policies, international environmental economics and game theory perspective. organisations and political economy. 460pp Jul 2019 238pp Mar 2021 978-981-3143-01-2(pbk) US$58 £50 978-1-78634-975-0 US$98 £85 978-981-3141-22-3 US$118 £105

14 Textbook Notable Backlist Resource and Environmental Agriculture & Food Systems to 2050 Rachid Serraj (Food and Agriculture Organization of the Economics (2nd Edition) United Nations, Italy), et al. Modern Issues and Applications by Clement A Tisdell (The University of Environmental Economics for Non-Economists Queensland, Australia) (2nd Edition) John Asafu-Adjaye (The University of Queensland, Australia) Reviews of the First Edition: Handbook of International Food and Agricultural Policies “This textbook provides an excellent intro- (In 3 Volumes) duction, which is easily accessible and readable Editor-in-chief: Tim Josling (Stanford) and benefits greatly from the author’s life-long career as an environmental and resource economist.” Housing and Commuting: The Theory of Urban Residential Structure Eric Neumayer John Yinger (Syracuse University, USA) London School of Economics, UK Lecture Notes in Urban Economics and Urban Policy John Yinger (Syracuse University, USA) Readership: For academics, undergraduates and graduate students in environmental economics, natural resource economics, ecological Pollution Across Borders economics, environmental management and policy studies. Euston Quah (NTU, Singapore), et al. The WSPC Reference on Natural Resources and Environmental Policy 600pp Jul 2021 in the Era of Global Change (In 4 Volumes) 978-981-123-147-6(pbk) US$88 £75 Editor-in-chief: Ariel Dinar (UC Riverside) 978-981-123-003-5 US$178 £155 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

© Bestselling Textbook Kiasunomics 2 Economic Insights for Everyday Life Metals and Energy Finance by Sumit Agarwal, Swee Hoon Ang & (2nd Edition) Tien Foo Sing (National University of Singapore, Application of Quantitative Finance Singapore) Techniques to the Evaluation of Minerals, “The authors have mastered the knack of Coal and Petroleum Projects explaining complex behavioural economics by Dennis L Buchanan & Mark H A Davis concepts in language that is easy for a layman (Imperial College London, UK) to understand. They contextualise these insights “Dennis Buchanan’s text clearly shows how to Singapore, which make them even more an understanding of the complementary disciplines of geoscience, relevant. Their research is first-rate, and the insights interesting. conventional engineering and advanced financial engineering is A great follow-up to Kiasunomics©!” essential to making the right decisions concerning how to appraise Mr Piyush Gupta a resource or project and how to structure the funding of natural Chief Executive Officer and Director, DBS Group resources assets in order to mitigate technical and financial risk and to maximise value for owners… “ Readership: General readers. Mineral Economics 304pp Oct 2020 Readership: Professionals and graduate students in the field of mineral 978-981-121-839-2(pbk) US$28 £25 and petroleum business management. 978-981-121-709-8 US$58 £50 328pp Dec 2018 978-1-78634-627-8(pbk) US$58 £50 World Scientific Series in Finance - Vol 16 978-1-78634-587-5 US$108 £95 Cultural Finance A World Map of Risk, Time and Money by Thorsten Hens (University of Zurich, General Economics Switzerland), Marc Oliver Rieger (University of Trier, Germany) & Mei Wang (WHU – Otto Economics Primer Beisheim School of Management, Germany) by Linda Low (Singapore University of Social Sciences, Singapore) “This fascinating book describes how financial judgments and decisions associated with time Economics Primer is a simplified, illustrated text and risk systematically differ across countries for non-economics and economics readers and cultures. I predict that for years to come, this book will be an alike. It introduces fundamental concepts and extremely valuable reference for scholars interested in cultural demonstrates their applications to day-to-day finance.” use for employers and employees in the private Hersh Shefrin and public sectors. The aim is to enable all in Santa Clara University society, at home and abroad to understand economic relationships as affecting all at large. While politics remains Readership: For researchers and students who are interested in the primary driver of international affairs, the economics grounding behavioural economics, behavioural finance, culture and business, including technology is as purposeful. and decision theory. Readership: Students, professionals and general readers interested 572pp Nov 2020 in economics. 978-981-121-976-4 US$168 £150 140pp Jun 2020 978-981-121-843-9(pbk) US$28 £25 978-981-121-792-0 US$68 £60 Notable Backlist Capitalism in the 21st Century Advances in Research on Islamic Economics Donghyun Park (Asian Development Bank, Philippines) and Finance - Vol 1 Dr Z’s NFL Guidebook 15 Economic Empowerment of William T Ziemba (University of British Columbia, Canada), et al. Women in the Islamic World Exotic Betting at the Racetrack Theory and Practice William T Ziemba (University of British Columbia, Canada & edited by Toseef Azid (Qassim University, London School of Economics, UK) Saudi Arabia) & Jennifer L Ward-Batts (Pomona ©: College, USA) Kiasunomics Stories of Singaporean Economic Behaviours Sumit Agarwal (NUS, Singapore), et al. The book discusses the economic, social, and Methodological Dimension of Islamic Economics political rights and status of women in Islam, Masudul Alam Choudhury (Trisakti University, Indonesia) which is theoretically given by the Islamic Jurisprudence (Shariah law). The chapters in this volume will address historical practices Nobel Lectures in Economic Sciences (2006 – 2010) Bertil Holmlund (Uppsala University, Sweden) in comparison to the status of women in the contemporary Muslim world. Men and women in Islam, regardless of their age, social class, Rural Policies and Employment and education, are equal as citizens and individuals, but not identical Sophia M Davidova (University of Kent, UK), et al. in their rights and responsibilities.

Readership: Students and professionals interested in Islamic Economics and Finance theories and practices, how they are applied in daily life in countries across Asia and the Middle East.

680pp Aug 2020 978-981-121-214-7 US$178 £155 Economics and Finance Catalogue 2021

Values at the Core RESET How Human Values Contribute to the Rethinking Our World and Creating a Different Future Rise of Nations by Philipp Kristian Diekhöner (DD Die Denkfabrik Asia Pte. Ltd, Singapore) by Thomas Grandjean & Chin Hwee Tan This is the story of how the 2020s will change modern humanity “Using vivid examples from around the world, forever. This transformation will be more meaningful and universal Grandjean and Tan show that values play a than anything else we’ve experienced in our lifetimes. Signs of this crucial role in shaping the economic success of new world are already all around us. It’s time to press reset and start a country — a compelling antidote to the usual afresh. Let’s rewrite our future together. litany of purely economic factors.” Readership: SME/MNE Boards and Senior Executives, Leaders and Lord Mervyn King Managers, MBA/Executive Education Students, Individuals interested Former Governor of the Bank of England in the future of technology, humanity and the digital age.

Readership: General public, policymakers, Undergraduate and 200pp Aug 2021 graduate students, and scholars interested in the economic disparity 978-981-122-754-7 US$38 £35 between countries, developmental economics and political economy.

224pp Feb 2021 GCE A Level Economics 978-981-123-038-7(pbk) US$28 £25 The Examination Skills Guide 978-981-122-852-0 US$58 £50 by Christabelle Soh

The skills covered in this book are organized by The Case for Patents question type. The first section covers the skills by Daniel Spulber (Northwestern University, USA) needed to answer case study questions and the second section covers the skills needed to This book offers an affirmative case for the answer essay questions. Each skill is illustrated many economic benefits of the patent system using worked examples of examination-type and shows how patents provide incentives materials and questions. At the end of each for invention, innovation, and technological section, a summary of the skills required is provided to enable change. The discussion highlights the many students to do a quick revision before the relevant papers. contributions of patents to economic growth and development. The book helps restore Readership: GCE A Level Economics Students taking H1 or H2 balance to public policy debates by recognizing Economics, GCE A Level Economics Teachers. the important contributions of the patent system. 120pp Oct 2021 Readership: For those who want to understand patents and what they 978-981-122-413-3(pbk) US$18 £15 do, and for those who are interested in technological and intellectual 978-981-122-485-0 US$48 £40 property.

400pp Feb 2021 978-981-122-563-5 US$128 £115 Globalization

Notable Backlist Geofusion Concepts of Transportation Economics Mapping of the 21st Century Barry E Prentice (University of Manitoba, Canada), et al. by Norbert Csizmadia (PAGEO Geopolitical Institute, Hungary) Economics and Management of Competitive Strategy Daniel F Spulber (Northwestern University, USA) “The complexity of the world today arises Economics with Calculus from the intersection from geopolitics and Michael C Lovell (Wesleyan University, USA) globalization, geography and connectivity. Experiments in Economics Norbert Csizmadia’s book is another important John D Hey (University of York, UK) addition to his masterful work structuring our 16 collective thinking on the seminal issues of Fundamentals of Economics for Business (2nd Edition) our time.” David Barrows (York University, Canada), et al. Dr Parag Khanna Introductory Economics (4th Edition) bestselling author of Connectography: Mapping the Future of Global Arleen J Hoag (Owens Community College, Ohio, USA), et al. Civilization, and The Future is Asian Mastering Megatrends Doris Naisbitt & John Naisbitt Readership: Researchers and academics in futures studies, international economics and trade, and international relations. Policymakers interested in roadmaps for the future. RELATED JOURNALS 432pp May 2020 Subscribe / Recommend 978-981-121-465-3 US$168 £150 these journals to your Librarian! FIND THESE BOOKS VALUABLE *Please log in to your existing account or register for a FREE account to enjoy TO YOUR COMMUNITY? FREE access to the selected articles. RECOMMEND THEM ►Details on page 39 & 40 TO YOUR LIBRARIAN. For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Asia-Pacific Business Series - Vol 11 Organising Health Economics Entrepreneurship and MSMEs Across India Handbook edited by Léo-Paul Dana (Dalhousie World Scientific Series in Global Health Economics and Public Policy - Vol 6 University, Canada), Naman Sharma Health Care Policy in East Asia: (Indian Institute of Foreign Trade, Kolkata, India) & Satya Ranjan Acharya A World Scientific Reference (In 4 Volumes) (Entrepreneurship Development Institute Volume 1: Health Care System Reform and Policy Research in China of India, India) Volume 2: Health Care System Reform and Policy Research in Japan This book examines original case studies, quantitative studies Volume 3: Health Care System and qualitative research highlighting the organisation of new Reform and Policy Research in business, reflecting a wide range of sectors across India. The South Korea book offers new insights to budding entrepreneurs to help Volume 4: Health Care System organise new and established firms to infuse entrepreneurial Reform and Policy Research in Taiwan intentions among the workforce. Editor-in-chief: Teh-wei Hu (University of Readership: Students, academicians, researchers and California, Berkeley, USA) practitioners in the fields of Entrepreneurship and Micro, Editors: V1: Winnie Chi-man Yip (Harvard Small and Medium Enterprises. University, USA); V2: Toshihiko Hasegawa (Future Health Research Institute, Japan), 300pp Feb 2021 Tomonori Hasegawa (Toho University, Japan), Tomohiro Hirao (Kagawa 978-981-121-273-4 US$108 £95 University, Japan), Masahide Kondo (University of Tsukuba, Japan), Sunil Mehra (NICHIKO, Japan); V3: Bong-Min Yang (Seoul National University, South Korea); V4: Tung-liang Chiang & Shou-Hsia Cheng Entrepreneurship in the (National Taiwan University, Taiwan) Gulf Cooperation Council Region This four-volume reference set is designed to help health care professionals, academics, policymakers, and general readers gain a good grasp of the Evolution and Future Perspectives background and latest developments in the health care systems of China, edited by Léo-Paul Dana (Dalhousie Japan, South Korea, and Taiwan. This reference set provides an in-depth University, Canada), Ramo Palali´c comparative health policy analysis and discussion of health care reform (International University of Sarajevo, strategies in each of these systems. Bosnia and Herzegovina) & Veland Ramadani (South East European Readership: Professionals, students and general public who are interested to University, North Macedonia) understand the health care systems in China, Japan, South Korea and Taiwan.

This book looks at the current state of entrepreneurship 1280pp Jan 2020 development in the Gulf Cooperation Council (GCC) region, 978-981-3233-16-4 (Set) US$895 £788 consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. It is a comprehensive state- World Scientific Series in Health Investment and of-the-art coverage of entrepreneurship and small business Financing - Vol 4 management issues, supported with theoretical discussion Health Microinsurance and empirical evidence. Implementing Universal Health Coverage in the Informal Sector Readership: Students and researchers who are interested in by David M Dror (Micro Insurance Academy, India) knowing more about the region, setting up small business and entrepreneurship in the Gulf Cooperation Council. This book is the first and only study on implementing Universal Health Coverage in poor, rural and informal 196pp Feb 2021 settings, with end-to-end guidance for rolling out a 978-1-78634-807-4 US$78 £70 demand-driven and needs-based health insurance model. The chapters are comprehensive, covering topics such as data World Scientific Studies in International Economics collection and analysis for contextual risk assessment, the design of suitable 17 benefits packages, how to price microinsurance, insurance education for Firms and Workers in a Globalised World illiterate or innumerate populations, the setting up of governance bodies and Larger Markets, Tougher Competition training staff for key roles, and information management. by Gianmarco I P Ottaviano (Bocconi University, Italy) Readership: Undergraduate and graduate students of health economics and Key Features finance, microinsurance businesses and practitioners. • The book shows how state-of-the-art models 456pp Feb 2020 of international economics and economic 978-981-120-852-2 US$148 £130 geography can be brought to life by addressing several topical issues in the public debate, ranging from regional growth and regional Notable Backlist Subscribe / Recommend decline to international competition and creative Globalization these journals to destruction, from innovation patterns to cultural Storytelling in the Global Age: There is No Planet B diversity, from immigration to offshoring your Librarian! David M Boje (New Mexico State Univ., USA, et al.) Readership: Advanced undergraduate and graduate students, Health Economics researchers and practitioners in the fields of international Financing Micro Health Insurance economics and economic geography. David Mark Dror (Micro Insurance Academy, New Delhi, India) Financing Universal Access to Healthcare 350pp May 2021 Alexander S Preker (Columbia University, USA) 978-981-123-338-8 US$128 £115 Health Economics and Policy Victor R Fuchs (Stanford University, USA) Economics and Finance Catalogue 2021

World Scientific Series in Global Health World Scientific Series in Global Health Economics and Public Policy - Vol 7 Economics and Public Policy - Vol 5 Mental Health in Central and Global Health Economics Eastern Europe Shaping Health Policy in Low- and Improving Care and Reducing Stigma — Middle-Income Countries Important Cases for Global Study edited by Paul Revill (University of York, UK), edited by Richard M Scheffler (University of Marc Suhrcke (University of York, UK & California, Berkeley, USA), Martha Shumway Luxembourg Institute of Socio-Economic (University of California, San Francisco, USA) & Research), Rodrigo Moreno-Serra & Raˇzvan M Chereches (Babeç-Bolyai University, Mark Sculpher (University of York, UK) Romania) This book contains a collection of works showcasing the latest This book provides updated coverage on the mental health systems research into global health economics. Each chapter focuses upon an in Eastern and Central Europe. Based on up-to-date data, field visits important topic in global health economics and a number of separate and case studies, the chapters present the financing, organization research projects. Case study examples from a variety of low- and and public policy issues of Eastern and Central European countries. middle-income countries (LMIC) settings are also showcased in the Solutions are also proposed to tackle major mental health problems final part of this volume. facing the region. This is a valuable reference for mental health Readership: Public health policymakers and analysts in low- and communities. middle-income country settings and those affiliated to international Readership: Policy makers, government officials, private sector health organizations and donor organizations. stakeholders, and researchers in mental health systems around the 376pp Jul 2020 globe. 978-981-3272-36-1 US$118 £105 268pp Mar 2020 978-981-120-563-7 US$98 £85 World Scientific Series in Global Health Economics and Public Policy - Vol 8 Studies on Hospital Tracking Resources for Primary Management Transformation Health Care by Di Jian (Beijing Jingyi Wanjia Technology A Framework and Practices in Low- and Co., Ltd, China) Middle-Income Countries edited by Hong Wang (Bill & Melinda Gates The management consulting team headed by Foundation, USA & University of Washington, USA) Mr. Jian Di has provided strategic management & Peter Berman (The University of British consulting services for over 700 medical Columbia, Canada & Harvard University, USA) institutions and has rendered guidance for more than 100 medical institutions in constructing This book introduces and explicates the end-to-end resource tracking patient-centric hospital cultures. Condensing and management (RTM) framework, which includes five components Mr Jian’s thoughts on patient-centric care in hospital culture, this that determine effective and efficient financing for primary health book introduces a method to systematically evaluate and construct care (PHC): resource mobilization, allocation, utilization, productivity, hospital culture using 32 procedures and 500 indicators. and targeting.

Readership: Medical and health practitioners, medical and health Readership: Health economists as well as students and researchers who government staff, management consulting practitioners. want to work in this area for their career development and to improve the performance of primary health care worldwide. 292pp Mar 2020 978-981-121-163-8 US$98 £85 444pp Jul 2020 978-981-121-240-6 US$148 £130 Health Reforms Across the World The Experience of Twelve Small and Modern Health Care Marketing Medium-sized Nations with Changing by Gamini Gunawardane (California State 18 Their Healthcare Systems University at Fullerton, USA & California State edited by Kieke Okma (McGill University, University at Los Angeles, USA) Canada & Catholic University, Leuven, Belgium) This book is an essential read to understand & Tim Tenbensel (University of Auckland, the integrated nature of health care marketing New Zealand) in the technologically driven, customer/patient- This book presents the health reform focused and globalized environment. It is also experiences over the past three decades of a useful reference for professionals to pick up twelve small and medium-sized nations that are not often included in best practices on addressing challenges faced international comparative studies in this field. The major conclusion in the modern health care industry. of the study is that despite many similarities in policy goals, policy Readership: Researchers, graduate and undergraduate students, as well challenges and in the menu of policy options for countries that seek as professionals in health care management and marketing. to offer universal coverage to their population, the health reforms of the nations in this book did not converge into one direction or model. 516pp Jul 2020 However, we found several widespread policy experiences that are 978-981-3279-51-3 US$158 £140 relevant for others, too.

Readership: National and multi-national policy-makers, healthcare and health insurance managers, journalists.

392pp Mar 2020 978-981-120-891-1 US$128 £115 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

The COVID-19 Epidemic in Textbook China World Scientific Series in Health Investment and by Lawrence J Lau (The Chinese Financing - Vol 3 University of Hong Kong, Hong Kong) & Financing the Education of Health Yanyan Xiong (Zhejiang University, China) Workers This book contains an in-depth Gaining A Competitive Edge quantitative analysis of the development by Alexander S Preker (Columbia University, USA of the COVID-19 epidemic in China & The Icahn School of Medicine at Mount Sinai, USA from its very beginning in December & Health Investment & Financing Corporation, USA), 2019 to early April 2020 when it was Hortenzia Beciu (Johns Hopkins Medicine International, USA) & Eric L Keuffel (Health Finance and Access Initiative, USA) brought under control. It begins with adjustments of the official cumulative data on newly confirmed cases and deaths, “Technology is changing health care but the benefits will come from how removing any inconsistencies and smoothing the surges not health workers use it. It is their skills, wisdom, empathy and compassion that attributable directly to the COVID-19 virus itself. It discusses will make sure patients and populations benefit.” the measures undertaken by the Chinese Government to Lord Nigel Crisp KCB control the epidemic. Member of British House of Lords Former Chief Executive of British NHS Readership: Readers interested in the development of the Readership: Healthcare policy makers, academics teaching health financing COVID-19 epidemic in China and the rest of the world, and and pedagogy, undergraduate and graduate students of healthcare policy readers interested in the implications of the epidemic on the and finance. Chinese economy. 604pp Sep 2019 224pp Aug 2020 978-981-3278-74-5 US$138 £120 978-981-122-419-5(pbk) US$28 £25 978-981-122-250-4 US$58 £50 Classic Textbook Series on Chinese Economics Who Shall Live? Research (2nd Expanded Edition) A Theoretical Analysis, Health, Economics and Social Choice Performance Evaluation, by Victor R Fuchs (Stanford University, USA) and Reform Solution of “The second expanded edition of Who Shall Live? comes at the Health Care System in a critical time when the nation is anxious about the direction China of health care. By examining the factors influencing access, by Hong Sheng, Lin Zhang & Pu Qian cost and quality that have and haven’t changed since the (Unirule Institute of Economics, China) first edition, 37 years ago, Victor Fuchs has deftly re-established the context in which health policy decisions should be made.” Medical expenditure has become a heavy burden on the Leonard Schaeffer, University of Southern California public sector and the family system in many countries. Readership: Undergraduates in economics, sociology and public policy; Expanding the coverage and reimbursement of medical graduates in medicine, public health and public policy; physicians and other insurance has become a common way to reduce the burden. health professionals. This book will elaborate on how medical insurance may increase the burden instead. 388pp Jul 2011 Readership: Advanced undergraduate and graduate students, 978-981-4354-88-2 (pbk) US$42 £35 researchers and practitioners in the fields of health economics, 978-981-4354-87-5 US$70 £58 medical insurance, social welfare studies and public policy studies. Handbook 310pp Mar 2021 World Scientific Series in Global Health 978-981-122-717-2 US$118 £105 Economics and Public Policy - Vol 3 World Scientific Handbook of 19 The Dark Side of Global Health Economics and Healthcare Public Policy (A 3-Volume Set) Issues, Cases, and Lessons for the Volume 1 — The Economics of Health Future and Health Systems by Brian Edwards Volume 2 — Health Determinants and Outcomes The Dark Side of Healthcare draws Volume 3 — Health System Characteristics and Performance uncomfortable lessons from over 300 edited by Richard M Scheffler (UC Berkeley) case studies of events that occurred in the healthcare sector. Health services “These three volumes provide a comprehensive collection of cutting-edge, have many skilled and dedicated professionals but there evidence and analysis on some of the most important economic issues facing is a dark side that cannot be ignored. The unthinkable has the health sector written by some of the best in the field. This Handbook is happened and might have been prevented. an invaluable contribution to the field of health economics.” Tim Evans, Senior Director of Health, Nutrition, World Bank Readership: Undergraduates who are interested in health policy, as well as professionals and policy-makers involved in Readership: Health economics students, health economists, policymakers, the health sector. private sector companies, NGOs, government decision-makers and individuals who manage healthcare systems. 250pp Apr 2021 978-981-123-137-7 US$58 £50 1628pp Apr 2016 978-981-4612-31-9 (Set) US$1200 £996 Economics and Finance Catalogue 2021

History of Economic Thought / International Economics / Trade Economic History Handbook A History of China’s Financial Thought Encyclopedia of International Economics (In 2 Volumes) by Sui Yao (Central University of Finance and Economics, China) and Global Trade (In 3 Volumes) Volume 1: Foreign Direct Investment and the Translated by: Yong Wang (University of Shanghai for Science and Technology, China) & Zhongxiu Wu (Hanshan Normal University of Multinational Enterprise South China, China) Volume 2: International Money and Finance Volume 3: International Trade and Commercial Policy This book presents the history and Editor-in-chief: Francisco L Rivera-Batiz (Columbia University, USA) evolution of China’s financial thought across its dynasties to the 20th century. In an era when trade and currency Being the first work to cover both the wars threaten to end a long-standing ancient and modern ages, even going period of growing trade and capital as far back as the Pre-Qin period, this flows, the economics of international comprehensive book fills in research trade, investment and finance have gaps and provides the most thorough become more important than ever. This research into the history of China’s three-volume Encyclopedia provides a financial thought, advancing the study comprehensive and up-to-date overview of financial and economic history. of the theory and evidence on the It delves into a myriad of topics, causes and consequences of global such as monetary theory and banking systems, and collects diverse trade, and the theory and evidence on perspectives from thinkers across the different eras. the economics of international trade, financial and monetary transactions. Readership: Readers who are interested in China’s financial theorists, China’s history and culture. Readership: Undergraduate and graduate students, researchers and policymakers interested in globalization, international economics and 1140pp Apr 2021 international finance. 978-981-121-680-0 (Set) US$288 £255 1044pp May 2020 A History of Chinese Thoughts on Public 978-981-120-053-3 (Set) US$980 £860 Finance (In 2 Volumes) Introductory Offer till May 31, 2020 US$850 £750 by Wenxue Sun & Haipeng Qi (Dongbei University, China) Handbook This book provides a chronological record of the development of Economics of G20 (In 2 Volumes) Chinese thoughts on public finance over its 4, 000 years of history, A World Scientific Reference ranging from the Xia Dynasty to the founding of the People’s Republic Vol 1: Developing Countries and the Need for G20 of China in 1949. It addresses the onset and evolution of Chinese Vol 2: How Developing Countries can Achieve Sustainable thoughts on public finance across the different periods, such as thoughts on public finance during the Xia, Shang and Western Zhou Development Goals dynasties, and thoughts from the early feudalistic period; offers an edited by John Whalley (Western University, Canada) & account about the thriving and declining of China’s ancient thoughts Manmohan Agarwal (Research and Information Systems for on public finance; and deals with the emergence of capitalistic theories Developing Countries, India) from the late Qing Dynasty to the founding of the People’s Republic The G20 (or Group of Twenty) is an inter- of China. national body established to manage the Readership: Academic researchers in the fields of public finance, global economy, and includes members economics, management as well as state governance; university from developing economies. This reference students majoring in finance (both undergraduates and graduates). set examines the issues facing developing countries and studies the role that the G20 1060pp May 2021 can play in light of continuing challenges 978-981-121-679-4 (Set) US$348 £305 and objectives to meet the UN’s Sustainable 20 Development Goals (SDG). Classic Textbook Readership: Economists, researchers and scholars in international economics, A Brief History of Economics developing economies and international economic governance. Artful Approaches to the Dismal Science 492pp May 2020 (2nd Edition) 978-981-121-471-4 (Set) US$348 £305 by E Ray Canterbery (Florida State University, USA)

Reviews of the First Edition Notable Backlist “There is much in A Brief History of Economics History of Economic Thought / Economic History to provide pleasant reading for a wide audience. Seeking Adam Smith Specialists in economic thought will be attracted Eli P Cox III (University of Texas at Austin, USA) by the easy writing style combined with the coherent historical International Economics / Trade development of post-Keynesian notions ... Nonspecialists will be International Economics (4th Edition) pleased to find coherent discussions of various economic subjects Henry Thompson (Auburn University, USA) that may, prior to reading the book, have been confusing …” Terms of Trade (2nd Edition) The Historian Alan V Deardorff (University of Michigan, USA) Readership: Undergraduate and foundation level students, and laymen. The WTO and Environment-Related International Trade Disputes Robert W Fraser (University of Kent, UK), et al. 560pp Dec 2010 Trade Among Nations 978-981-4304-80-1 (pbk) US$43 £36 Michael Michaely (Hebrew University of Jerusalem, Israel), et al. For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Failed Globalisation WSPC Series in Business and Emerging Markets - Vol 1 Inequality, Money, and the Renaissance of the State Business Practices, Growth and by Heiner Flassbeck (University of Hamburg, Economic Policy in Emerging Germany) & Paul Steinhardt Markets edited by Luis Camacho (SUNY Empire State Given the continuing dominance of that College, USA) & Satyendra Singh (University of discredited theory today, the world lacks a viable Winnipeg, Canada) conceptual framework for global cooperation among nations, and appropriate national The book serves as an essential tool to study, economic policies. With this book, the authors apply, and analyze the contemporary dynamics show how such a framework can be built on the basis of a modern in developing and emerging markets as the chapters cover recent and and empirically sound economic theory. relevant business topics such as talent management, ICT technologies, innovation, artificial intelligence and cybersecurity, business Readership: Students, Professionals, People interested in incubation home market, and entry strategies. macroeconomics and the economy. Readership: Students, academics, business professionals, policy- 320pp Jul 2020 makers interested in economies of developing countries or emerging 978-981-121-575-9 US$98 £85 markets. The Race for 5G Supremacy 208pp Sep 2020 978-981-122-174-3 US$88 £75 Why China Is Surging, Where Millennials Struggle, & How America Can Prevail by Austin Groves (Gao Shan Enterprises, China) World Scientific Studies in I & Paul Schulte (Schulte Research, Singapore) nternational Economics - Vol 75 Competition, Innovation “To get a clear picture of today’s winner in the tech space, this book is a must-read. It succinctly and Trade edited by Larry D Qiu (Lingnan University, clarifies the differences in the current state of Hong Kong) affairs in technology, social affairs and economic conditions between China and the US. It brings This book — a collection of several important great case studies that will spark much needed conversation.” research publications by Larry D Qiu — Barbara Thole, Hong Kong discusses innovation and international trade, Founder, The Executive Forum separately and jointly, under imperfect competition. Through exploring these topics, they offer different Readership: Students and entrepreneurs who are interested in perspectives on these issues. The selected works also provide clear technology and the Sino – US economic developments. and strong implications on trade policies and intellectual property 260pp Jun 2020 rights protection. 978-981-122-271-9(pbk) US$36 £30 Readership: Graduate students, researchers and policy makers who 978-981-121-870-5 US$98 £85 have an interest in international trade.

392pp Sep 2020 China versus the US 978-981-120-398-5 US$148 £130 Who Will Prevail? by Alfredo Toro Hardy (Venezuelan Scholar and Diplomat) Vietnam and the Global Economy - Vol 1 Recent Developments in “Weaving together into a seamless narrative the many strands of past and present changes, this Vietnamese Business and is soft-power writing that reveals the hard-power Finance implications that lie in wait. Toro Hardy has edited by Dong Phong Nguyen, Xuan Vinh Vo, Viet Tien Ho & Mai Dong Tran (University of produced a detailed, accessible and insightful Economics Ho Chi Minh City (UEH), Vietnam) 21 text to understand the coming fury.” Roxane Farmanfarmaian This edited volume focuses on recent issues in University of Cambridge business and finance with Vietnam as the main focus of study. The book covers various issues Readership: General public; scholars, graduate and undergraduate from innovation to gender equality and the banking sector, with students studying international business, political science, analyses on the policies and managerial implications. international relations, American Studies, and China Studies. Readership: Students and practitioners interested in the Vietnam 304pp Aug 2020 economy, Vietnamese business and Vietnamese finance industries. 978-981-121-851-4 US$58 £50 300pp Feb 2021 978-981-122-714-1 US$98 £85 RELATED JOURNAL Subscribe / Recommend JICEP to your Librarian! Sign up for our *Please log in to your existing account or register for a FREE account to enjoy NEWSLETTER FREE access to the selected articles. http://bit.ly/wspc-signup ►Details on page 39 Economics and Finance Catalogue 2021

World Scientific Lecture Notes in World Scientific Studies in International Economics - Vol 78 Economics and Policy - Vol 9 Broadening Trade Theory Lecture Notes in International Incorporating Market Realities into Traditional Models Trade by James Markusen (University of Colorado, Boulder, USA) An Undergraduate Course This volume is a collection of the author’s past and recent research. by Priyaranjan Jha (University of California, Irvine, USA) It concentrates on some topics that continue to be neglected in mainstream trade theory, but which have grown in empirical relevance This book provides a comprehensive discussion as the decades have passed and allow us to broaden our world view. of the economics of International Trade. Key These include adding multinational firms and a major role for the questions related to why countries trade, how demand side of general equilibrium to our conventional portfolio they gain from trade, and how international trade can produce winners of models. and losers are answered. The last of these questions is related to the Readership: Faculty, graduate students, policy-makers interested in connection of trade to inequality in the distribution of income. international trade, international macro/finance and development Readership: This book serves as a primary textbook for Economics economics of open economies. undergraduate courses in International Trade and for Master’s courses 350pp Feb 2021 in Business Administration or International and Public Affairs. 978-981-122-295-5 US$148 £130 160pp Oct 2020 978-981-122-761-5(pbk) US$38 £35 978-981-122-083-8 US$58 £50 Microeconometric Studies of Firms’ Imports and Exports World Scientific Studies in Advanced Methods of Analysis and International Economics - Vol 76 Evidence from German Enterprises edited by Joachim Wagner Policy Analysis and Modeling of (Leuphana University Lüneburg, Germany) the Global Economy A Festschrift Celebrating Thomas Hertel This book spans twenty-four papers with a edited by Peter Dixon (Victoria University, focus on four topics: applications of advanced Australia), Joseph Francois (University of Bern, microeconometric methods for cross-section Switzerland) & Dominique van der Mensbrugghe and panel data of internationally active firms; cross-country studies (Purdue University, USA) using comparable data for firms; studies of exports by business services firms; and new evidence on German firms’ trade in goods The book examines the history of the GTAP from transaction data. Applications focus on Germany, the third-largest project, the scientific contributions of Prof. Hertel, and the general exporter and importer of goods in the world. application of computational modeling to global economic policy analysis. The applications in the volume, reflecting the broad Readership: Researchers, economists, business economists, and contributions made by the GTAP community to global policy analysis, graduate students in international trade and business. range from the impact of globalization on employment to the 520pp Apr 2021 sustainability impacts of economic integration. 978-1-78634-968-2 US$158 £140 Readership: Research economists in quantitative modeling of trade and climate policy, and policy analysts at think tanks, economic ministries, Understanding Germans trade ministries, and environmental ministries. A Guide to Building Trust and Achieving Great Results 596pp Jan 2021 by Michael Staudacher 978-981-123-362-3 US$188 £165 Intercultural misunderstandings are a pain. Fact-oriented cultures and relationship-oriented cultures clash. They have different styles World Scientific Studies in of communication, different views on the same things, and contrary International Economics - Vol 77 core values. The Germans are fact-oriented. Their habits make doing Economic Effects of business with them a challenge. This book educates managers and 22 Antidumping professionals on how best to work with Germans and helps them edited by Thomas J Prusa (Rutgers University, USA) avoid intercultural misunderstandings. It reveals the three key characteristics for consideration to make business with Germans a This book provides a broad overview of the success: directness — adherence — commitment. author’s works, which include many significant findings, including the propensity and effects Readership: The primary market is managers and professionals working of settled cases, trade diversion, the effect of with Germans. The main focus is readers with Asian backgrounds, but legal provisions such as cumulation and zeroing, the content is also useful for US and British readers. pricing distortions, tit-for-tat use of the law, and contingent protection 150pp Aug 2021 as insurance. This book is appropriate for both students in economics, 978-981-123-341-8 US$29.95 £25 public policy and law, and for policymakers in the field.

Readership: students in economics and public policy; policymakers, appropriate for undergraduate and graduate level economics, public RELATED JOURNAL policy, and international law courses. Subscribe / Recommend 312pp Jan 2021 this journal to your Librarian! 978-981-122-524-6 US$138 £120 *Please log in to your existing account or register for a FREE account to enjoy FREE access to the selected articles.

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International Finance Bestselling Textbook Global Corporate Finance Textbook (3rd Edition) A Focused Approach International Money and Finance by Kenneth Kim (State University of New York at by Michele Fratianni (University of Ancona, Italy), Buffalo, USA) & Suk Kim (University of Detroit Andreas Hauskrecht (Indiana University, USA) & Mercy, USA) Catalin Stefanescu (American University, USA) This book introduces students and practitioners This book explores important recent topics in international to principles essential to the understanding money and finance, including those on exchange rate regimes, the of global financial problems and the policies that global business foreign exchange market, balance of payments, parity conditions, managers contend with. The objective of this book is to equip current international capital flow, financial crises, and regulatory responses. and future business leaders with the tools they need to interpret the Each chapter covering these topics is written like an academic paper issues, to make sound global financial decisions, and to manage the with up-to-date sources and references. Country-specific boxes, wide variety of risks that modern businesses face in a competitive short cases and applications are presented for readers to appreciate global environment. In line with its objective, the book stresses theories and apply them in the real world. practical applications in a concise and straightforward manner, Readership: MBA students and those taking advanced undergraduate, without complex treatment of theoretical concepts. Instructors who Master’s and PhD courses in Economics and Finance. want students to possess practical, job-oriented skills in international finance will find this unique textbook ideal for their needs. 320pp Nov 2021 978-981-3270-19-0 US$118 £105 Readership: Students, researchers and business leaders who want to understand global financial problems, and be equipped with the tools to make sound financial decisions. Project Financing 428pp Dec 2019 Financial Instruments and Risk 978-981-120-711-2 US$98 £85 Management by Carmel de Nahlik (Warwick University, UK) & Frank J Fabozzi (EDHEC Business School, France) Macroeconomics / Microeconomics The book describes the different tools and techniques available to anyone who is engaged World Scientific Studies in in providing funding or advice to a project. International Economics - Vol 74 Project finance is ultimately about applying Understanding the Implications three basic principles to a funding situation and from these three, all the other ideas flow including contracts. The of Trade and Financial Market book begins and ends with a longer case study of two projects that Integration for Business Cycles were standalone examples of project financing and controversial for edited by Mario J Crucini (Vanderbilt Univ., USA) different reasons at the time of their fundraising. The book provides the reader with an overview Readership: Graduate students, project stakeholders including those in of key developments in international business sponsoring companies, providers of finance, lawyers and accountants. cycle research that build upon the pioneering It is especially useful for banking programmes. work of Nobel Laureates Finn Kydland and Edward Prescott, who built the first dynamic stochastic general 420pp Jun 2021 equilibrium model of the closed economy, patterned along the 978-981-123-149-0 US$138 £120 lines of the US economy. As globalization has extended the span of international economic relationships, these modeling approaches Project Financing have become essential for understanding business cycles today. Analyzing and Structuring Projects These models and empirical methods are particularly relevant to our by Carmel de Nahlik (Warwick University, UK) & understanding of how domestic innovation, productivity change or Frank J Fabozzi (EDHEC Business School, France) policy action (fiscal, monetary and trade-related) feeds back across economies. A successful project financing starts with the different phases of a project and descriptions Readership: Graduate students and researchers interested in of the key risk areas include the challenges international business cycle empirical analysis and dynamic modeling. 23 in estimating the cost of a project and the 584pp Mar 2020 general principles of financial modelling with a discussion of the unique aspects of financial 978-981-120-823-2 US$158 £140 modelling for different industries. Throughout the book, short recent international case studies are used to illustrate successful and Notable Backlist unsuccessful projects allowing the lessons learned to be visible and there are many examples of specific applications of project finance A Century of Federal Reserve Monetary Policy techniques throughout the text. Thomas R Saving (Texas A& M University, USA) The Economics of Small Business Readership: For graduate students, project stakeholders, providers Roger A McCain (Drexel University, USA) of finance, lawyers and accountants. Lecture Notes in Public Budgeting and Financial Management 350pp Jun 2021 William Duncombe (Syracuse University, USA) 978-981-123-239-8 US$118 £105 Macroeconomic Modelling and Monetary and Exchange Rate Subscribe / Recommend Regimes Paul R Masson (Weatherstone Consulting, Canada) this journal to your Librarian! Notable Backlist Macroeconomics (With Study Guide CD-ROM) Islamic Capital Markets (2nd Edition) Jagdish Handa (McGill University, Canada) Obiyathulla Ismath Bacha (INCEIF, The Global University of Islamic Microeconomics with Spreadsheets Finance, Malaysia), et al. Suren Basov (Deakin University, Australia) Stock Market Crashes Pricing Non-marketed Goods using Distance Functions William T Ziemba (UBC & London School of Economics, UK), et al. Rolf Färe (Oregon State University, USA), et al. Economics and Finance Catalogue 2021

World Scientific Lecture Notes in Textbook Economics and Policy - Vol 8 Lecture Notes in State and Local Advanced Macroeconomics Public Finance An Introduction for Undergraduates by Angus C Chu (University of Liverpool, UK) (Parts I and II) by John Yinger (Syracuse University, USA) “Angus Chu’s book superbly manages to teach These notes draw on Professor Yinger’s undergraduate students the intertemporal extensive teaching experience and publication macroeconomic methods needed to fully record in state and local public finance. They understand the research going on in this should prove useful to many teachers, scholars, field. Hence it fills an important gap in the and students who find topics in state and local public finance that current didactic literature, which badly misses it and leaves Bachelor they wish to pursue. students unable to write, for example, a theoretical thesis ... I strongly recommend this book in any good economics curriculum. Readership: PhD students undertaking Public Administration as well Guido Cozzi as master’s students studying State and Local Public Finance and University of St. Gallen, Switzerland Public Administration.

560pp Jan 2020 Readership: Advanced undergraduate students studying advanced 978-981-120-207-0(pbk) US$78 £70 macroeconomics or economic growth and innovation. Also suitable 978-981-120-090-8 US$148 £130 for master’s level courses on macroeconomics and economic growth.

172pp Oct 2020 Textbook 978-1-78634-912-5 US$78 £70 Poverty and Proficiency The Cost of and Demand for Local Public Textbook Education A Textbook in Education Public Finance (Revised Edition) Finance An International Perspective edited by John Yinger (Syracuse University, USA) by Joshua E Greene (Singapore Management This book covers a wide range of topics in University, Singapore) education finance. It is designed to introduce Drawing from current examples from a variety of the literature on education finance to scholars countries, this book addresses the main issues and prospective scholars and can be used as a textbook for a graduate- in contemporary public finance, including fiscal level education finance class. The topics in the book include the sustainability, state enterprises, and a variety of incidence of the property tax as a source of revenue for elementary and secondary education, how much more it costs to reach a state’s subsidies. There are relatively few textbooks on public finance, and education targets in a high-poverty school district than in a rich district, many of them focus on the experience and issues facing the United the design of state education aid programs. States. This book sets out to address the critical issues from other countries, particularly those from the developing world or emerging Readership: Students in graduate-level education finance; scholars and market countries, who have received less attention in other texts. professionals in public finance and public administration. Readership: Students, Professionals, Civil servants, Policy Analysts who 740pp Mar 2020 are interested in knowing about Public Finance. 978-981-120-269-8(pbk) US$88 £75 978-981-120-160-8 US$148 £130 540pp Dec 2020 978-981-120-993-2 US$118 £105

Textbook Efficiency and Input-Output Common Sense Macroeconomics Analyses by Ravi Batra (Southern Methodist University, USA) Theory and Applications “This plain-language introduction for students by Thijs ten Raa (Utrecht School of Economics, 24 seeks to simplify arguments and avoid The Netherlands) unnecessary complications. It begins with Efficiency is the most important objective in microeconomic foundations, general standard economics and this book shows how it can of living, and GDP accounting. Later chapters be analyzed using input and output data at are devoted to classical, neoclassical, Keynesian, all levels of the economy. After his “Input- neo-Keynesian, and classic-Keynesian models at Output Economics: Theory and Applications” micro and macro levels. Further chapters explain stock market bubbles and crashes, the wage gap, global imbalances and poverty, growth Thijs ten Raa has extended his research to efficiency analysis. He cycles, and the supply of money. A final chapter suggests economic has contributed to the microeconomic theory of performance reform for ethical economic policy, with suggestions such as raising measurement, made applications to industries, national economies the minimum wage and enforcing anti-trust laws. Color charts and and international trade, and written on the history of economic graphs are included.” thought. Twenty-five new papers, published in the last decade are Eithne O’Leyne now collected and interrelated by an introduction, amounting to a Ringgold Inc. Portland unification of theory and applications in efficiency and input-output analyses. Readership: Undergraduate students at the principles and advanced Readership: Undergraduates, graduates and researchers who are levels; graduate level courses and professional in the field of economics. interested in efficiency analysis and input-output analysis and their empirical applications. 376pp May 2020 978-1-78634-845-6(pbk) US$68 £60 500pp Jun 2021 978-1-78634-839-5 US$108 £95 978-981-123-123-0 US$148 £130 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Infrastructure Financing in Mathematical / Quantitative Finance Asia edited by Bambang Susantono, Donghyun Park & Shu Tian (Asian Lectures on Mathematical Finance Development Bank, Philippines) and Related Topics by Yuri Kifer (Hebrew University of Jerusalem, Israel) “This insightful volume from the Asian Development Bank (ADB) brings Rigorous mathematical finance relies strongly on two together important papers by ADB staff additional fields: optimal stopping and stochastic and other experts, who offer innovative analysis. This book is the first one which presents approaches to tackling the region’s not only main results in the mathematical finance infrastructure financing challenge. They demonstrate the need but also these “related topics” with all proofs and in for private capital to play a larger role, given the prospective a self-contained form. The book treats both discrete fiscal pressures associated with population aging. This book is and continuous time mathematical finance. Some thus a vital reference for policymakers, researchers and general topics, such as Israeli (game) contingent claims, and several proofs have not appeared before in a self-contained book form. The book contains exercises readers interested in how Asia can successfully secure the with solutions at the end of it and it can be used for a yearlong advanced resources needed for sustainable development. graduate course for mathematical students. Barry Eichengreen University of California at Berkeley Readership: It can be used for a yearlong advanced graduate course for mathematical students. Readership: Investors and market players; Policymakers; Academics/ Researchers; Postgraduate students. 344pp Jan 2020 978-981-120-956-7 US$118 £105 408pp Jan 2020 978-981-121-581-0(pbk) US$48 £40 978-981-121-511-7 US$98 £85 Fitting Local Volatility Analytic and Numerical Approaches in Black- Economics Gone Astray Scholes and Local Variance Gamma Models by Andrey Itkin (New York University, USA) by Bluford H Putnam, Erik Norland & K T Arasu (CME Group, USA) This book was written with the purpose of presenting new results previously developed in a series of papers “It is written in clear English, without and explaining them consistently, starting from the equations, and with plenty of charts to general concept of Dupire, Derman and Kani and then ground one’s understanding in the real concentrating on various extensions proposed by the world ... The authors make a compelling author and his co-authors. This volume collects all the case that economists need to take their results in one place, and provides some typical examples of the problems simplifying assumptions more seriously, that can be efficiently solved using the proposed methods. This also results to embrace statistical techniques that in a faster calibration of the local and implied volatility surfaces as compared can track dynamic markets with time-varying parameters, and to standard approaches. to always be aware of the importance of shifts in the underlying Readership: Graduate students of computational or quantitative finance, context.” financial engineering, and applied mathematics. Global Commodities Applied Research Digest 204pp Feb 2020 Readership: Investors and Investment Management 978-981-121-276-5 US$88 £75 professionals, Financial Risk managers, and students.

272pp Mar 2019 Risk Factors and Contagion in 978-1-944659-61-5(pbk) US$28 £25 Commodity Markets and Stocks 978-1-944659-58-5 US$58 £50 Markets edited by Stéphane Goutte (CEMOTEV, UVSQ Paris- World Scientific Lecture Notes in Saclay, France) & Khaled Guesmi (Climate Change Economics and Policy - Vol 6 (CRECC), France & Paris School of Business, France & University of Ottawa, Canada) Modeling Strategic 25 Behavior Our objective in this book lies in answering the A Graduate Introduction to Game following research questions: What are the interactions between commodities and stock market sentiment? Theory and Mechanism Design Do some of these markets move together overtime? Did the financialization by George J Mailath (University of in energy commodities occur after the 2008 Global Financial Crisis? These Pennsylvania, USA & Australian National questions are essential to understand whether commodities are driven University, Australia) only by their fundamentals, or whether there is also a systemic component It is impossible to understand modern influenced by the volatility present within the stock markets. economics without knowledge of the basic tools of gametheory Readership: Students and professionals interested in the field of quantitative and mechanism design. This book provides a graduate-level finance, commodity markets and contagion. introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools 356pp May 2020 of game theory and mechanism design that all economists 978-981-121-023-5 US$128 £115 should know. Notable Backlist Readership: Graduate and doctoral students interested in Harry Markowitz: Selected Works microeconomics, game theory, and mechanism design. Harry M Markowitz, Nobel Laureate in Economics, 1990 (University of California, San Diego, USA) 368pp Feb 2019 The Kelly Capital Growth Investment Criterion 978-981-120-076-2(pbk) US$58 £50 Leonard C MacLean (Dalhousie University, Canada), et al. 978-981-3239-93-7 US$118 £105 Mathematical Methods for Foreign Exchange Alexander Lipton (Merrill Lynch International, UK) Economics and Finance Catalogue 2021

Dialogues Around Models and Handbook Uncertainty An Interdisciplinary Perspective Handbook of Financial Econometrics, edited by Pauline Barrieu (London School of Mathematics, Statistics, and Machine Learning Economics and Political Science, UK) (In 4 Volumes) edited by Cheng Few Lee (Rutgers University, USA) & This book helps develop a better understanding John C Lee (Center for PBBEF Research, USA) of how researchers from different scientific backgrounds view models and uncertainty. It This four-volume handbook covers provides key steps in fostering and encouraging important concepts and tools used in interdisciplinary research, which is vital in addressing several big the fields of financial econometrics, issues that society faces today, such as climate change, longevity, mathematics, statistics, and machine financial and actuarial risk management. To make progress in these learning. Econometric methods areas, researchers must develop an understanding of differing have been applied in asset pricing, perspectives and methods of those working in other disciplines. corporate finance, international finance, options and futures, risk Readership: Mathematicians interested in modelling, uncertainty, and management, and in stress testing conversations with researchers working in this field. for financial institutions. This 376pp May 2020 handbook discusses a variety of 978-1-78634-774-9 US$118 £105 econometric methods, including single equation multiple regression, simultaneous equation regression, and panel data analysis, among others. It also covers statistical distributions, such as the binomial World Scientific Handbook in Financial Economics Series - Vol 9 and log normal distributions, in light of their applications to portfolio Handbook of Applied theory and asset management in addition to their use in research regarding options and futures contracts. Investment Research edited by John B Guerard (McKinley Capital In recent times, an increased importance has been given to computer Management, USA) & William T Ziemba technology in financial research. Different computer languages and (University of British Columbia, Canada & programming techniques are important tools for empirical research in London School of Economics, United Kingdom) finance. Hence, simulation, machine learning, big data, and financial payments are explored in this handbook. “What an amazing collection of papers, edited by John B Guerard and William T Ziemba — Readership: Researchers and professionals who are interested in two seasoned, intuitive investors, authors and scholars. Ziemba’s financial econometrics, mathematics, statistics, and technology. fascinating five — investor-group codification, including the one 5056pp Sep 2020 that is the book’s main focus [market anomalies], is persuasive and 978-981-120-238-4 (Set) US$1950 £1715 captivating. As someone who also builds models and has found several anomalies to profit from, I am convinced!” Edward I Altman Series on Multivariate Analysis - Vol 13 New York University Hilbert and Banach Space- Readership: For readers who are interested to know the key findings Valued Stochastic Processes by Yûichirô Kakihara (California State University, of the latest investment research. San Bernardino, USA) 816pp Nov 2020 978-981-121-672-5 US$149 £130 This book provides a research-expository treatment of infinite-dimensional stationary and nonstationary stochastic processes or time Textbook series, based on Hilbert space valued second order random variables. Stochastic measures An Introduction to Machine and scalar or operator bimeasures are fully discussed to develop 26 Learning in Quantitative integral representations of various classes of nonstationary processes Finance such as harmonizable, V-bounded, Cramé r and Karhunen classes by Hao Ni (University College London, UK), as well as the stationary class. A new type of the Radon – Nikodým Xin Dong (Citadel Securities LLC, UK), derivative of a Banach space valued measure is introduced, together Jinsong Zheng (Huatai Securities, China) & with Schauder basic measures, to study uniformly bounded linearly Guangxi Yu (SWS Research, China) stationary processes.

This book aims to demystify machine learning Readership: Graduate students in mathematics, probabilists, (ML) by uncovering its underlying mathematics and showing how statisticians, functional analysts, communication engineers and to apply ML methods to real-world financial data. Featured with the physicists. balance of mathematical theorems and practical code examples of ML, this book will help you acquire an in-depth understanding of ML 540pp Mar 2021 algorithms as well as hands-on experience. 978-981-121-174-4 US$168 £150

Readership: This textbook is suitable for MSc students or final year RELATED JOURNALS undergraduate students in financial mathematics, machine learning or computational finance. Subscribe / Recommend 265pp Mar 2021 to your Librarian! 978-1-78634-964-4(pbk) US$48 £40 *Please log in to your existing account 978-1-78634-936-1 US$88 £75 or register for a FREE account to enjoy FREE access to the selected articles.

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Textbook Textbook Advanced Series on Statistical Science and Mathematical Modeling and Applied Probability Computation in Finance Stochastic Interest Rate With Exercises and Python and MATLAB Modeling with Fixed Income Computer Codes Derivative Pricing (3rd Edition) by Cornelis W Oosterlee (Centrum Wiskunde by Nicolas Privault (Nanyang Technological & Informatica (CWI), The Netherlands & Delft University, Singapore) University of Technology, The Netherlands) & This book introduces the mathematics of Lech A Grzelak (Delft University of Technology, stochastic interest rate modeling and the pricing of related derivatives, The Netherlands) based on a step-by-step presentation of concepts with a focus on This book discusses the interplay of stochastics (applied probability explicit calculations. This third edition represents a significant update theory) and numerical analysis in the field of quantitative finance. The on the second edition that published in 2012. Most chapters have stochastic models, numerical valuation techniques, computational been reorganized and largely rewritten with additional details and aspects, financial products, and risk management applications supplementary solved exercises. New graphs and simulations based on market data have been included, together with the corresponding presented will enable readers to progress in the challenging field of R codes. It also contains 75 exercises and 4 problems with detailed computational finance.The chapters are accompanied by exercises. solutions. Readership: MSc and PhD students of quantitative finance, academic Readership: Advanced undergraduate and graduate students in researchers, and quants in the financial industry. finance and actuarial science; researchers and practitioners involved 576pp Nov 2019 in quantitative analysis of interest rate models. 978-1-78634-805-0(pbk) US$58 £50 376pp May 2021 978-1-78634-794-7 US$98 £85 978-981-122-660-1 US$118 £105

Modern Trends in Financial Engineering Textbook Employee Stock Options Financial Risk Management Exercise Timing, Hedging, and Valuation An End User Perspective by Tim Leung (University of Washington, USA) by Don M Chance (Louisiana State University, USA) In this exciting book, the author discusses the This book levels the playing field by practical and challenging problems surrounding approaching risk management from the buy employee stock options (ESOs) from a financial side instead, focusing on educating corporate mathematician’s perspective. This book provides and institutional users of risk management a systematic overview of the contractual features of ESOs and thoughtful discussions products on the essential knowledge they need of different valuation approaches, with emphasis on three major to be an intelligent buyer. Rather than teach financial engineering, this aspects: (i) hedging strategies; (ii) exercise timing; and (iii) valuation volume covers the principles that the buy side should know to enable methodologies. In addition to addressing each of these categories, it to ask the right questions and avoid being misled by the complexity this book also highlights their connections and combined effects often presented by the sell side. of the cost of ESOs to firms, as well as examines the implications to Readership: Graduate and advanced undergraduate classes in finance modeling and valuation approaches. and risk management, MBA students specialising in finance, and Readership: Graduate students and researchers involved in Accounting corporate and institutional investors. and Corporate Finance, and Financial Engineering/Mathematics, as well as professionals in the regulatory industry. 860pp Dec 2019 978-981-120-267-4(pbk) US$88 £75 180pp Aug 2021 978-981-120-183-7 US$148 £130 978-981-3209-63-3 US$88 £73

Generalized Integral Transforms Notable Backlist in Mathematical Finance Collected Works of Marida Bertocchi by Andrey Itkin (New York University, USA), Rita L D’Ecclesia (University of Sapienza, Rome, Italy), et al. 27 Alexander Lipton (Hebrew University of Jerusalem, Israel & MIT Connection Science, USA) Deep Dive into Financial Models & Dmitry Muravey (Moscow State University, Russia) Mathieu Le Bellac (BRED Bank, France), et al. This book describes several techniques, first Financial Derivative Investments invented in physics for solving problems of heat Richard D Bateson (University College London, UK) and mass transfer, and applies them to various Financial Hacking problems of mathematical finance defined in Philip Maymin (New York University, USA) domains with moving boundaries. These problems include: (a) semi- Introductory Course on Financial Mathematics closed form pricing of options in the one-factor models with time- M V Tretyakov (University of Nottingham, UK) dependent barriers (Bachelier, Hull-White, CIR, CEV); (b) analyzing an interconnected banking system in the structural credit risk model with Investment Analytics in the Dawn of Artificial Intelligence default contagion; (c) finding first hitting time density for a reducible Bernard Lee (HedgeSPA, USA) diffusion process; (d) describing the exercise boundary of American Risk and Stochastics: Ragnar Norberg options; (e) calculating default boundary for the structured default Pauline Barrieu (London School of Economics and Political Science, UK) problem; (f) deriving a semi-closed form solution for optimal mean- Stochastic Drawdowns Subscribe / Recommend reverting trading strategies; to mention but some. Hongzhong Zhang (Columbia University, USA) to your Librarian! Readership: Scholars, academics, undergraduate and graduate students An Undergraduate Introduction to Financial Mathematics interested in mathematical finance, computational finance, or applied (3rd Edition) mathematics. J Robert Buchanan (Millersville University, USA) 250pp Oct 2021 978-981-123-173-5 US$88 £75 Economics and Finance Catalogue 2021

Bestselling Textbook Financial Engineering Selected Works of Alexander Lipton An Introduction to Derivative by Alexander Lipton, Quant of the Year, 2000 Securities, Financial Markets, (MIT Connection Science, USA)

and Risk Management “Alex Lipton is an absolutely remarkable person. (2nd Edition) Having joined the field of quantitative finance by Robert Jarrow (Cornell University, USA) after a career where he became a world leader & Arkadev Chatterjea (Indiana University in the field of plasma and fusion physics, he has Bloomington, USA) become rightly famous for his beautiful papers “This book’s interest rate derivatives chapters on many topics, from the volatility smile to are some of the best chapters I have read, because the authors have money supply ... Part 4 covers several topics centred around money provided an outstanding and distinctive work in teaching the basics, supply and circulation, and in some ways this is the best part of the examples, and practical applications of interest rate derivatives and book ... it’s a lovely book and I really enjoyed reading it.” the Heath-Jarrow-Morton (HJM) model.” Quantitative Finance Scott Fung California State University, East Bay, USA Readership: Undergraduate and graduate students of quantitative finance and banking, as well as industry professionals.

Supplementary materials are available 632pp Jul 2018 978-981-3209-15-2 US$188 £165 Readership: Undergraduate and graduate students of economics, business, arts, science and engineering, and MBAs who would work in the finance industry. Bestselling Textbook

772pp Jul 2019 Financial Mathematics for 978-1-944659-65-3 (pbk) US$88 £75 Actuaries (2nd Edition) 978-1-944659-55-4 US$148 £130 by Wai-Sum Chan (The Chinese University of Hong Kong, Hong Kong) & Yiu-Kuen Tse (Singapore Management University, Singapore) A Practical Approach to XVA The Evolution of Derivatives Valuation Covering the theories of interest rates, with after the Financial Crisis applications to the evaluation of cash flows, by Osamu Tsuchiya (Simplex Inc., Japan) the pricing of fixed income securities and the management of bonds, this textbook also contains numerous “This book gives a clear and precise picture examples and exercises and extensive coverage of various Excel of important aspects of XVA implementation, functions for financial calculation. Discussions are linked to real in particular, KVA using regression with in financial market data, such as historical term structure, and traded depth numerical analysis. By avoiding model financial securities. oversimplifications, this book will help any reader get a better and more practical Readership: Undergraduate students in actuarial science, quantitative understanding of the mechanics of XVA.” finance, financial engineering and quantitative risk management, and Assad Bouayoun students taking exams in financial mathematics with professional HSBC Global Banking and Markets actuarial bodies. 372pp Sep 2017 Readership: Professionals in the financial derivatives industry, as well 978-981-3224-67-4(pbk) US$45 £40 as graduate students of quantitative finance. * 978-981-3224-66-7 US$138 £121 340pp May 2019 978-981-122-142-2(pbk) US$48 £40 Now Available 978-981-3272-73-6 US$98 £85 in Paperback Bestselling Textbook Quantitative Finance and Risk 28 World Scientific Handbook in Financial Management (2nd Edition) Economics Series - Vol 7 A Physicist’s Approach Handbook of Heavy-Tailed by Jan W Dash (Bloomberg LP, USA)

Distributions in Asset Management Review of the First Edition: and Risk Management “... this document brings a wealth of practical by Michele Leonardo Bianchi (Banca d’Italia, information on how work is done in real world Italy), Stoyan V Stoyanov (Stony Brook financial markets, and covers an impressive University, USA), Gian Luca Tassinari (University number of topics, ranging from management and computer system of Bologna, Italy), Frank J Fabozzi (EDHEC Business School, France) & Sergio M Focardi issues to research themes whose potential applications are yet (Léonard De Vinci University, France) to be explored. It can prove a useful tool to anyone already well acquainted with the basics of mathematical finance, including financial The book is not intended as a theoretical treatise on probability or mathematicians, but also quantitative analysts wishing to learn more statistics, but as a tool to understand the main concepts regarding of the fundamentals without paying too high a price in mathematical heavy-tailed random variables and processes as applied to real-world prerequisites.” applications in finance. Mathematical Reviews Readership: For those who want to understand the main concepts Readership: Quant practitioners, graduate students in finance, regarding heavy-tailed distributions and Lé vy processes using scientists and engineers. probability or statistics. 1000pp Jun 2016 600pp Mar 2019 978-981-4571-23-4 US$138 £115 978-981-3274-91-4 US$188 £165 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Mathematical Economics / Game Theory / Econometrics

Sustainability and Resources Time Series in High Dimensions Theoretical Issues in Dynamic Economics The General Dynamic Factor Model by Mukul Majumdar (Cornell University, USA) edited by Marc Hallin (Universitélibre de Bruxelles, Belgium), Marco Lippi (Einaudi The book presents a collection of mathematical Institute for Economics and Finance, Italy), models dealing with sustainability and resource Matteo Barigozzi (London School of Economics management.The focus in Part A is on harvesting and Political Science, UK), Mario Forni renewable resources, while Part B explores the (University of Modena and Reggio Emilia, Italy) optimal extraction of exhaustible resources. Part & Paolo Zaffaroni (Imperial College London, UK) C introduces models dealing with uncertainty. Factor models have become the most successful Some are descriptive models; others have deep tool in the analysis and forecasting of high-dimensional time series. roots in intertemporal welfare economics. The tools of dynamic This monograph provides an extensive account of the so-called optimization developed in the 1960s are used in a formal, rigorous General Dynamic Factor Model methods. The topics covered presentation to address wide-ranging issues that have appeared in include: asymptotic representation problems, estimation, forecasting, academic research as well as policy debates on the world stage. identification of the number of factors, identification of structural Readership: Students and professionals interested in sustainability shocks, volatility analysis, and applications to macroeconomic and and resources and dynamic economics. financial data.

332pp Feb 2020 Readership: Graduate students and researchers in the fields of 978-981-121-020-4 US$108 £95 econometrics, macroeconomics and statistics.

764pp Aug 2020 World Scientific Series in Economic Theory - Vol 8 978-981-3278-00-4 US$228 £200 Learning and Intertemporal Incentives Foundations of Modern by Dirk Bergemann (Yale University, USA) & Juuso Välimäki (Aalto University School of Econometrics Business, Finland) A Unified Approach by Yongmiao Hong (Cornell University, USA) This volume brings together the collected This book develops a coherent set of econometric contributions of Dirk Bergemann and theory, methods and tools for economic models. Juuso Välimäki, on the theme of learning, It is written as a textbook for graduate students experimentation and intertemporal incentives, in economics, business, management, statistics, spanning over two decades of thought (1996 to 2019). The collection applied mathematics, and related fields. It can starts with a comprehensive introduction to the recent developments also be used as a reference book on econometric theory by scholars of dynamic mechanism design with a primary focus on the quasilinear who may be interested in both theoretical and applied econometrics. case. Readership: Graduate students in economics, business, management, Readership: Undergraduate and graduate students and lecturers of statistics, applied mathematics, and related fields. mathematical economics, game theory and microeconomics. 524pp Aug 2020 624pp May 2020 978-981-122-018-0 US$128 £115 978-981-121-441-7 US$178 £155

Theory of General Economic Textbook Equilibrium A Course in Game Theory by Hans Keiding (University of Copenhagen, by Thomas S Ferguson (University of California, Denmark) Los Angeles, USA) 29 This book provides a comprehensive Games are characterized by a number of players introduction to general equilibrium theory, or decision makers who interact, possibly covering the standard topics as well as the threaten each other and form coalitions, take developments of the theory over the past fifty actions under uncertain conditions, and finally years. This ensures that the reader gains a receive some benefit or reward or possibly thorough account of what has been established some punishment or monetary loss. In this text, we present various both in pure theory and in applications. In addition to the basic topics, mathematical models of games and study the phenomena that arise. this book elaborates on fields which are relevant but not mentioned In some cases, we will be able to suggest what courses of action frequently in this context. The material covered includes international should be taken by the players. In others, we hope simply to be able trade, growth, finance and implementation, and it offers a broader to understand what is happening in order to make better predictions view than what is usual in texts on general equilibrium theory. about the future. Readership: Undergraduate and graduate students and lecturers of Readership: Students in mathematical economics / game theory / macroeconomics and mathematical economics. econometrics. 448pp Jul 2020 408pp Aug 2020 978-981-121-438-7 US$148 £130 978-981-3227-34-7 US$88 £75 Economics and Finance Catalogue 2021

Textbook Tales from My First 90 Years by Alpha C Chiang (University of Connecticut, USA) Understanding Game Theory (2nd Edition) Alpha C Chiang is a renowned economics Introduction to the Analysis of Many professor, and Professor Emeritus of Economics Agent Systems with Competition and at the University of Connecticut, who is best- known for his textbook — Fundamental Methods Cooperation of Mathematical Economics by Vassili N Kolokoltsov (The University of . In this memoirs, Warwick, UK & St. Petersburg State University, he tells the entertaining, scary, embarrassing, Russia) & Oleg A Malafeyev (St. Petersburg State glorifying and surreal tales that colored his life. University, Russia) On the academic side, Alpha describes in detail his academic journey, including why and how he created one of the The book gives a concise but wide-ranging introduction to games most popular books on mathematical methods in economics, as well including older (pre-game theory) party games and more recent as the experiences of his teaching career. On the non-academic side, topics like elections and evolutionary games and is generously spiced he describes his ventures into his many hobbies, the spices of his life, with excursions into philosophy, history, literature and politics. A including Chinese opera, ballroom dancing, painting and calligraphy, distinguished feature is the clear separation of the text into two parts: photography, piano, music composition, playwriting, and even magic. elementary and advanced, which makes the book ideal for study at Such tales round out the depiction of a colorful life. various levels. Readership: General Public; Economists; students and academicians Readership: Undergraduates and graduate students, and professionals who studied Mathematical Economics. interested in applied mathematics, economics, business, finances and systems biology. 300pp Feb 2021 978-981-122-099-9 US$78 £70 412pp Sep 2020 978-981-121-485-1 US$128 £115 World Scientific Series in Economic Theory Selected Contributions to Game Large-Dimensional Panel Data Theory Econometrics by Robert J Aumann (The Hebrew University, Israel) Testing, Estimation and Structural Changes by Qu Feng (Nanyang Technological University, Robert Aumann was awarded (jointly with Singapore) & Chihwa Kao (University of Thomas C Schelling) the 2005 Sveriges Riksbank Connecticut, USA) Prize in Economic Sciences in Memory of Alfred Nobel “for having enhanced our understanding This book aims to fill the gap between panel of conflict and cooperation through game- data econometrics textbooks, and the latest theory analysis”. This book contains ten of his development on “big data”, especially large- most important contributions to game theory, as selected by Eric dimensional panel data econometrics. It Maskin, also a Nobel laureate. introduces important research questions in large panels, including testing for cross-sectional dependence, estimation of factor- Readership: For researchers and students in the fields of economics augmented panel data models, structural breaks in panels and group and game theory. patterns in panels. To tackle these high dimensional issues, some 300pp Mar 2021 techniques used in Machine Learning approaches are also illustrated. 978-981-122-106-4 US$108 £95 Moreover, the Monte Carlo experiments, and empirical examples are also utilised to show how to implement these new inference methods. Notable Backlist Readership: Advanced undergraduates and PhD students and researchers in econometrics, economics, statistics and business Dynamic Econometrics for Empirical Macroeconomic Modelling Ragnar Nymoen (University of Oslo, Norway) subjects. Econometric Models for Industrial Organization 168pp Sep 2020 Matthew Shum (Caltech) 978-981-122-077-7 US$78 £70 30 Game Theoretic Analysis Leon A Petrosyan (Saint Petersburg State University, Russia), et al. Textbook Growth Alternatives of the Japanese Economy Shuntaro Shishido (The International University of Japan, Japan), et al. Series on Mathematical Economics and Game Theory - Vol 6 Heavy Tails and Copulas Fundamentals of General Rustam Ibragimov (Imperial College London, UK), et al. High-Dimensional Econometrics and Identification Equilibrium Analysis Chihwa Kao (University of Connecticut, USA), et al. by Takashi Suzuki (Meiji Gakuin University, Japan) Time Series Econometrics (In 2 Volumes) The aim of this book is to incorporate Marshallian Pierre Perron (Boston University, USA) ideas such as external increasing returns and monopolistic competitions into the general equilibrium framework of Walrasian tradition. New chapters and RELATED JOURNAL sections have been added to this revised and expanded edition of General Equilibrium Analysis of Production and Increasing Returns (World Subscribe / Recommend Scientific, 2009). IGTR to your Librarian! Readership: Graduate students and researchers of mathematical *Please log in to your existing account economics, game theory, and microeconomics. or register for a FREE account to enjoy FREE access to the selected articles. 436pp Sep 2020 978-981-121-961-0 US$118 £105 ►Details on page 40 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

World Scientific Series in Economic Theory Advances in Statistics, Probability and Actuarial Science - Vol 2 Interactive Epistemology Insurance Planning Models by Robert J Aumann (The Hebrew University of Jerusalem, Israel) Price Competition and Regulation of Financial Stability by Vsevolod K Malinovskii (Russian Academy of Sciences, Russia) Robert J Aumann has received numerous prizes, including the Nobel Memorial Prize in Economic Sciences for 2005. With his 1976 paper, Key Features “Agreeing to Disagree”, Robert Aumann pioneered the subject of • This is an exciting new book that takes readers inside interactive epistemology: the study of what people know, and what the secrets of internal organization of the modern they know about what others know. Since then, the discipline has general insurance business. burgeoned enormously. This book documents Aumann’s work • This book embraces issues important to economists leading to the 1976 paper and his subsequent contributions to the focused on general complex reflexive systems discipline. The scientific controversies emanating from his work are • It covers schematic representations of causal also included. connections indicated by arrows to rigorous mathematical models ready for computations Readership: Senior year undergraduate, post-graduate students, researchers, analysts and think tanks interested in economics, Readership: Graduate students and researchers; including economists business economics, policy studies, development studies, and social with an interest to complex reflexive stystems in insurance; actuaries; sciences. managers and mathematicians.

300pp Apr 2021 350pp Jul 2021 978-981-122-732-5 US$98 £85 978-981-120-465-4 US$128 £115

The Multivariate Normal Distribution Theory and Applications Money and Banking / Investments / by Thu Pham-Gia (Université de Moncton, Canada) Financial Markets and Institutions This book provides the reader with user-friendly applications of normal distribution. In several variables it is called the multinormal A Random Walk to Nowhere distribution which is often handled using matrices for convenience. How the Professors Caused a Real The author seeks to make the arguments less abstract and hence, “Fraud-on-the-Market” starts with the univariate case and moves progressively toward the by Edward E Williams (Rice University, USA) & vector and matrix cases. The approach used in the book is a gradual John A Dobelman (Rice University, USA) one, going from one scalar variable to a vector variable and to a matrix variable. The author presents the unified aspect of normal “The authors have struck a very disciplined distribution, as well as addresses several other issues, including approach to their arguments related to the random matrix theory in physics. efficient markets hypothesis, and they shine some well-deserved light on the really difficult Readership: Economics and Finance academics and students; challenges of getting certain ideas published Mathematics and statistics academics and students. which challenge mainstream thinking.” 300pp Mar 2021 Blu Putnam 978-981-123-528-3 US$98 £85 CME Group, USA

Readership: Practitioners in the business, finance and legal industries Notable Backlist and students of these subjects. Financial Valuation and Econometrics (2nd Edition) Kian Guan Lim (Singapore Management University, Singapore) 196pp Apr 2020 978-981-120-835-5(pbk) US$28 £25 Game Theory (3rd Edition) 978-981-120-778-5 US$78 £70 Roger A McCain (Drexel University, USA) Hands-On Intermediate Econometrics Using R (With CD-ROM) Hrishikesh D Vinovd (Fordham University in New York, USA) Managing Your Personal Finance Klein’s Last Quarterly Econometric Model of the United States From Start of Career to Retirement and 31 Shinichi Ichimura (Kyoto University, Japan), et al. More by Wai Mun Fong, retired (National University of The Language of Game Theory Singapore, Singapore), Benedict Koh (Singapore Adam Brandenburger (New York University, USA) Management University, Singapore) Modelling Financial Time Series (2nd Edition) Stephen J Taylor (Lancaster University, UK) This book teaches you how to manage your money and savings. Keeping technical jargon to Uncertainty within Economic Models Lars Peter Hansen (University of Chicago, USA), et al. a minimum, the authors have articulated a wide range of topics on complex financial issues into simple and easy-to-understand ways for those keen on making their RELATED JOURNALS savings work for them from the beginning of their career to retirement. Subscribe / Recommend Readership: General Public, young adults with an interest in learning these journals to how to manage their personal finances. Subscribe / Recommend your Librarian! 328pp Apr 2020 IGTR to your Librarian! 978-981-121-383-0(pbk) US$29 £25 *Please log in to your existing account or register for a FREE account to enjoy 978-981-121-256-7 US$60 £55 FREE access to the selected articles.

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Textbook Introduction to Islamic Banking Supply Chain Financing and Finance An Economic Analysis Funding the Supply Chain and the by M Kabir Hassan (University of New Organization Orleans, USA), Salman Ahmed Shaikh by Dale S Rogers (Arizona State University, USA), (SZABIST University, Pakistan) & Selim Kayhan (Rutgers University, USA) Rudolf Leuschner & (Necemettin Erbakan University, Turkey) Thomas Y Choi (Arizona State University, USA) This book covers the basic principles of Islamic This book is a comprehensive introduction to economics and finance. It discusses both the supply chain financing as a business model that theory of Islamic economics and finance as well enables companies to reduce costs, improve their working capital and as the applications in the design of instruments of finance as well as manage risks more tightly. Supply chain financing is using the supply Islamic financial institutions. The book enables its readers to gain an chain to fund the organization and using the organization to fund understanding of the structures and operations of Islamic banking, the supply chain. Supply chain financing is of growing importance, Islamic capital market investments, risk management, and taxation the book explains what supply chain funding is and its different for Islamic banking contracts. components as well as its impact and potential not only on companies using it, but more globally. Readership: University students and faculty members in the field of Islamic Banking and Finance, practitioners in the field of Islamic Readership: Supply management or finance professionals, decision Banking and Islamic Finance. makers in corporate disciplines, undergraduate and graduate students in supply management classes. 256pp Aug 2020 978-981-122-421-8(pbk) US$38 £35 172pp Apr 2020 978-981-122-268-9 US$98 £85 978-1-78634-826-5 US$78 £70

Singapore University of Social Sciences - Blockchain Technologies, World Scientific Future Economy Series - Vol 2 Applications and The Emerging Business Models Cryptocurrencies by Chong Guan (Singapore University of Social Current Practice and Future Trends Sciences, Singapore), Zhiying Jiang (Singapore edited by Sam Goundar (Victoria University of University of Social Sciences, Singapore) & Wellington, New Zealand) Ding Ding (Singapore University of Social Sciences, Singapore) This book serves as a reference for scholars, researchers and practitioners to update their This book describes current issues that the knowledge on methodologies, theoretical business leaders and professionals are facing, analyses, modeling, simulation and empirical studies on blockchain as well as developments in digitalization. This book consisting of technologies and cryptocurrencies. Chapters on the evolving theory 10 chapters introduces the new technology trends and challenges and practice related to distributed ledger technologies and peer- that businesses today face. The authors cover several increasingly to-peer digital currencies are intended to provide comprehensive important new areas such as the Fourth Industrial Revolution, Internet coverage and understanding of their uses within the technological, of Things (IoT), financial technology (FinTech), social media, platform business, and organizational domains. strategy, analytics, artificial intelligence (AI) and many other forces of disruption and innovation that shape today’s realities of the world. Readership: Scholars, researchers and practitioners involved in blockchain technologies and cryptocurrencies. Readership: Undergraduate and graduate students in business management, and entrepreneurs involved in startups. 296pp Sep 2020 978-981-120-526-2 US$98 £85 220pp Jun 2020 978-981-120-440-1(pbk) US$48 £40 978-981-120-392-3 US$88 £75 Notable Backlist AI & Quantum Computing for Finance & Insurance 32 Singapore University of Social Sciences - World Scientific Future Economy Series - Vol 3 Paul Schulte (Schulte Research, Singapore & Singapore University of Artificial Intelligence, Data Social Sciences, Singapore), et al. and Blockchain in a Digital Analysis of the Korean Stock Market (Kyung Hee University, South Korea) Economy (1st Edition) Keunsoo Kim , et al. by Infocomm Media Development Authority Blockchain Economics: Implications of Distributed Ledgers Melanie Swan (Purdue University, USA), et al. Edited by: David Kuo Chuen Lee (Singapore University of Social Sciences, Singapore) Electronic Trading and Blockchain Richard L Sandor (American Financial Exchange, USA, et al.) This book explains how frontier technologies Innovative Federal Reserve Policies During the Great Financial Crisis such as blockchain and artificial intelligence Douglas D Evanoff (Federal Reserve Bank of Chicago, USA), et al. can empower Singapore’s digital transformation. It also highlights Investment Strategies for Retirement and provides insights on transformative services and how frontier Franck Nicolas (Natixis Asset Management, France) technology can impact the nation’s digitalisation journey. Lecture Notes in Market Microstructure and Trading Readership: Graduate, postgraduate and executive students, Peter Joakim Westerholm (University of Sydney, Australia) professionals and policy makers with an interest in technology and Systemic Risk its impact. Yvonne Kreis (Schüllermann and Partner, Germany), et al. 216pp Jul 2020 978-981-121-994-8(pbk) US$58 £50 978-981-121-895-8 US$138 £120 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

The CME Vulnerability World Scientific Lecture Notes in Finance - Vol 5 The Impact of Negative Oil Futures Lecture Notes in Investment Trading Investment Fundamentals edited by George Xianzhi Yuan (Sun Yat-sen by Eliezer Prisman (York University, Canada) University, China & Soochow University, China & Shanghai Lixin University of Accounting and This is an introduction to an investment course Finance, China) that focuses on basic models used in the financial industry for investment and decision The scope of this book is limited to covering the making. The course begins with an overview impact of the negative oil futures derivatives’ of the investment environment in developed trading between April 20 and 21, 2020. This book markets, followed by a more in-depth analysis of focuses on exploring the issues, challenges, and possible impacts on key investment topics. These topics include modern portfolio theory, global financial markets due to the negative clearing prices of WTI Oil asset pricing models, term structure of interest rates, stock and bond futures contracts and related problems from different perspectives. portfolio management and evaluation of portfolio performance.

Readership: Professors and students of finance and economics, and Readership: Undergraduates studying basic models used in financial professionals working in government, financial industries, trading industry for investment and decision making. businesses, management, experts, and related readers. 280pp Dec 2020 276pp Nov 2020 978-981-122-009-8(pbk) US$58 £50 978-981-122-319-8 US$98 £85 978-981-121-955-9 US$118 £105

Digital Currency Economics Beyond Fintech and Policy Technology Applications for the Islamic edited by Bernard Yeung Economy (National University of Singapore, Singapore) by Hazik Mohamed (Stellar Consulting Group, Singapore) This volume suggests that central banks will most likely issue digital currencies. There are “The author is commended for opening new many positive considerations. A central bank frontiers offering innovative ideas to realize digital currency can generate useful information the potential of Islamic economics and finance. for the monetary authority, can enhance the Tech disruption offers a golden opportunity for effectiveness and flexibility of monetary policy, the advocates of Islamic economics and finance and may raise financial inclusion. Central bank digital currency, to demonstrate the merits of a risk-sharing based system in action. however, can have a significant impact on the banking and financial This valuable volume provides the foundation and lays the blueprint sector and could change a central bank’s role in the economy. This on how to capitalize on this opportunity.” volume also explains crucial differences between distributed ledger Dr Zamir Iqbal and centralized ledger, which is the basis of currency payment Chief Financial Officer of Islamic Development Bank (IsDB), Jeddah systems. Continuous innovations have made the distributed ledger former Head of World Bank Islamic Finance Center, Istanbul technology more resilient, auditable and scalable, giving it far- reaching applications and potential contributions. Readership: Professionals, MBA, post-graduate and undergraduate students interested in Islamic Investments. Readership: Readers interested in economics, finance and cryptocurrencies. Students of courses related to money and banking, 264pp Dec 2020 investments, and technology. 978-981-122-230-6 US$68 £60

388pp Nov 2020 978-981-122-377-8 US$128 £115 Notable Backlist Fixed Coupon Note Financial Derivatives George M Constantinides (University of Chicago, USA) High Returns and Low Risk by Rajiv Aggarwal Global Derivative Debacles (2nd Edition) 33 Laurent L Jacque (Tufts University, USA, et al.) Fixed Coupon Notes (FCNs) are quasi-equity Great Investment Ideas and quasi-bond structures which aim to William T Ziemba (UBC & London School of Economics, UK) provide higher returns than bonds with lower Lecture Notes in Fixed Income Fundamentals risks compared to equities. Moreover, they Eliezer Z Prisman (York University, Canada) also provide an avenue to enter equities at Valuation in a World of CVA, DVA, and FVA reasonable prices and acceptable valuations. Donald J Smith (Boston University, USA) Being the most popular structured product in Asia, there is sufficient institutional experience about the product. William F Sharpe: Selected Works This book aims to provide the basics as well as the nuances of investing William F Sharpe, Nobel Laureate in Economics, 1990 (Stanford University, USA) in FCNs so that an investor not only understands the concepts behind the product, but is also able to avoid common pitfalls.

Readership: Investors interested in learning more about Fixed Coupon Notes. Wealth Managers and Bankers seeking more information about Fixed Coupon Notes. eTextbooks Available! 172pp Dec 2020 Digital resources made convenient 978-981-122-503-1 US$48 £40 for your students at a lower cost. Economics and Finance Catalogue 2021

Textbook Textbook Asset Management Blockchain and Distributed Tools and Issues Ledgers by Frank J Fabozzi (EDHEC Business School, Mathematics, Technology, and France), Francesco A Fabozzi (Stevens Institute Economics of Technology, USA), Marcos Ló pez de Prado by Alexander Lipton (Sila Money, USA & (Cornell University, USA) & Stoyan V Stoyanov Hebrew University of Jerusalem, Israel) & This book provides a description of the tools Adrien Treccani (Metaco, Switzerland) used in asset management as well as a more This textbook focuses on distributed ledger in-depth explanation of specialized topics and issues covered in this technology (DLT) and its potential impact on society at large. book. The topics covered include the asset management business It offers a detailed and self-contained introduction to DLT, blockchains, and its challenges, the basics of financial accounting, securitization technology, analytical tools (financial econometrics, Monte Carlo and cryptocurrencies. The book guides the reader through the simulation, optimization models, and machine learning), alternative development and building up of a distributed ledger suitable for one’s risk measures for asset allocation, securities finance, implementing interest. It covers the basics of cryptography and its applications to quantitative research, quantitative equity strategies, transaction costs, cryptocurrencies. This introductory text seeks to equip the reader multifactor models applied to equity and bond portfolio management, with an ability to participate in the crypto economy meaningfully. and backtesting methodologies. Readership: Students and professionals from quantitatively-oriented Readership: Suitable for professional portfolio managers, security fields such as mathematics, computer science, finance, economics, analysts as well as students focusing on investment management banking, and supply chain management. courses. 450pp Oct 2021 516pp Jan 2021 978-981-122-152-1(pbk) US$58 £50 978-981-122-293-1 US$148 £130 978-981-122-151-4 US$128 £115

Singapore University of Social Sciences - Real Estate and Taxation in World Scientific Future Economy Series - Vol 4 Singapore Blockchain and Smart Contracts by Hong Beng Tay, Yew Kwong Leung & Design Thinking and Programming for Wei Hwa See (KPMG Singapore, Singapore) FinTech by Swee Won Lo, Yu Wang & David Kuo Chuen Lee This book provides a multi-disciplinary (Singapore University of Social Sciences, Singapore) approach to the subject for Singapore real estate and tax aficionados. The book helps the This book serves as a valuable guide for reader to navigate the complex world of real researchers and practitioners who have interests estate taxation by taking them through the in the blockchain, smart contract, fintech various changes in the Singapore real estate innovation and applications, design thinking, and technical details. market over the years, as well as the property development and This book is also written for anyone who has no technical background investment life cycle from acquisition and development, to investment and is searching for an initiation into the deep end of blockchain. and ownership, to disposal. Those with business, finance and economic interests will find this interesting and easy to digest. Readership: Undergraduate and postgraduate students, researchers, tax practitioners and policy-makers who are interested in real estate Readership: Advanced undergraduate, graduate and post-graduate and/or tax. students, practitioners, and researchers in the field of Finance/Fintech/ IT/Business/Economics/Marketing. 450pp Oct 2021 978-981-122-649-6 US$138 £120 300pp Feb 2021 978-981-122-486-7(pbk) US$48 £40 978-981-122-368-6 US$98 £85 Singapore University of Social Sciences - World Scientific Future Economy Series - Vol 6 34 Financial and Economic Systems Financial Management in the Transformations and New Challenges Digital Economy by David Kuo Chuen Lee, Ding Ding & edited by Zied Ftiti (EDC Paris Business School, Chong Guan (Singapore University of Social France), Hachmi Ben Ameur (INSEEC Business Sciences, Singapore) School, France) & Waël Louhichi (ESSCA Business School, France) This book reviews the finance and FinTech This book provides readers with insights about ecosystem to provide insights into the most future transformations and challenges for important technological developments in the financial and economic systems. Prominent financial services to better understand the future trends, challenges contributors focus on different aspects, as well as opportunities for both the incumbents and the start-ups in providing a global overview of crisis implications. The book is split the fast-changing finance world. into four main areas: Changes in the Real Sphere; Financial Markets Readership: Advanced undergraduate and graduate students, and Macroeconomics; CSR, Sustainability and Ethical Finance; and researchers and practitioners in the fields of finance, financial Digitalization, Blockchain and FinTech and the consequences of these technology, business management and innovation. transformations on markets and economic systems.

Readership: The book is accessible to students, business leaders and 240pp Oct 2021 practitioners who are interested in current and future challenges of 978-981-123-145-2(pbk) US$48 £40 financial and economic systems. 978-981-123-000-4 US$98 £85

570pp Apr 2021 978-1-78634-949-1 US$158 £140 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Small Actions Handbook of Global Financial Creating Big Success in Your Career Markets by Eric Sim (Institute of Life, Singapore) & Simon Mortlock Transformations, Dependence, and Risk Based on Sim’s real-life experience, from selling street food to offering Spillovers edited by Sabri Boubaker (EM Normandie, investment banking services, this book compiles relatable stories and France & University Paris Est, France) & cases into bite-sized chapters from which readers can draw important Duc Khuong Nguyen (IPAG Business School, career lessons. It advises you on the best steps to take to advance your France & Indiana University, USA) career and provides actionable tips. This handbook provide the readers with insights Readership: Undergraduate and graduate students, young professionals about current dynamics and future potential with less than 10 years’ work experience, professionals working in transformations of global financial markets. It focus on four main banking and finance sectors, readers interested in Asian culture and areas: Dynamics of Financial Markets; Financial Uncertainty and working environments, the banking and finance profession, and in Volatility; Market Linkages and Spillover Effects; and Extreme Events building a personal brand and in blogging and content writing for and Financial Transformations. social media. Readership: Graduate students, policy-makers and researchers 260pp Dec 2021 in the fields of money & banking, international finance, and risk 978-981-123-385-2(pbk) US$28 £25 management. 978-981-123-257-2 US$58 £50 828pp Jul 2019 The Convergence of Artificial 978-981-3236-64-6 US$238 £209 Intelligence and Blockchain Technologies Bestseller Challenges and Opportunities Brazen edited by Sam Goundar (British University Big Banks, Swap Mania and the Fallout Vietnam, Vietnam), G Suseendran (Vels Institute by A Rashad Abdel-khalik of Science, Technology & Advanced Studies, (University of Illinois at Urbana-Champaign, USA) India) & R Anandan (Vels Institute of Science, Technology & Advanced Studies, India) This book presents selected cases and highlights the lack of evidence that decision makers at This book covers the growing convergence non-profits had fully understood the terms between Blockchain and Artificial Intelligence for Big Data, Multi- and complexities of IRSs. The evident unequal Agent systems, the Internet of Things and 5G technologies. Using bargaining power thus gives rise to the high likelihood of real case studies and project outcomes, it illustrates the intricate unconscionable contracting. Additionally, for terminating these details of blockchain in these real-life scenarios. The contributions contracts, big banks collected huge sums of money for services that from this volume bring a state-of-the-art assessment of these rapidly had not been, and will never be, rendered. Accordingly, questions evolving trends in a creative way and provide a key resource for all arise as to whether these termination payments are tantamount to those involved in the study and practice of AI and Blockchain. unjust enrichment. Readership: Researchers, students and practitioners involved in Readership: Professors, researchers, students and professionals artificial intelligence, cyber-physical systems, robotics, safety interested in interest rate swaps. engineering, safety-critical systems, and certification digital forensics. 552pp Apr 2019 360pp Jan 2022 978-981-122-506-2 US$118 £105 978-981-120-312-1(pbk) US$35 £30 978-981-3275-56-0 US$98 £85 Taxation in Theory and Practice Selected Essays of George R Zodrow Bestseller edited by George R Zodrow (Rice University, USA) Inclusive FinTech “The 19 papers in this volume — a small sample Blockchain, Cryptocurrency and ICO by David Kuo Chuen Lee & Linda Low 35 of George Zodrow’s contributions to the (Singapore University of Social Sciences, theory and practice of taxation in five areas — Singapore) exhibit the traits we expect to find in his work: comprehensive coverage of topics, thorough With comprehensive coverage given to the knowledge of both prior literature and policy FinTech scene in Asia, it is targeted at those who context, penetrating analysis of issues, and are searching for business opportunities. Most innovative thinking... As a body, these papers show why Zodrow is one important of all, this book seeks to change the mindset of a whole of the leading tax policy economists of his generation.” new generation that is familiar with digital economy and yearns for a Charles E McLure, Jr more just and equitable world. Stanford University Readership: Upper-division undergraduates, graduate students, Readership: Undergraduate and graduate students of taxation and tax and professionals working in financial institutions and on financial reform, tax policy makers, readers interested in tax policy. technology worldwide.

660pp Dec 2019 548pp Aug 2018 978-981-120-513-2 US$158 £140 978-981-3272-76-7(pbk) US$48 £40 978-981-3238-63-3 US$148 £130 Economics and Finance Catalogue 2021

Market Microstructure in Political Economy Practice (2nd Edition) edited by Charles-Albert Lehalle (Capital Fund Management, France & Imperial College London, Handbook UK) & Sophie Laruelle (Université Paris-Est Créteil, France) The Political Economy of the BRICS Countries (In 3 Volumes) Reviews of the First Edition: Volume 1: BRICS: The Quest for Inclusive Growth “Lehalle and Laruelle bring [their] experience to Volume 2: BRICS and the Global Economy bear on every aspect of the discussion, as well as deep quantitative understanding. The resulting Volume 3: Political Economy of Informality in BRIC Countries Editors-in-chief: Edward D Mansfield (University of Pennsylvania, USA) book is a unique mixture of real market knowledge and theoretical & Nita Rudra (Georgetown University, USA) explanation. There is nothing else out there like it, and this book will be a central resource for many different market participants.” Over the past 20 years, social Robert Almgren scientists, government officials, and President and Cofounder of Quantitative Brokers, New York investors have expressed mounting interest in the BRICS countries, which Readership: Graduate and research students of financial markets and include Brazil, Russia, India, China quantitative finance, Regulators and policy makers, practitioners. and South Africa. These countries are widely viewed as both key actors 368pp Mar 2018 in the global economy and important 978-981-3231-12-2 US$78 £69 regional powers. This three-volume set aims to address various crucial issues regarding these countries. Handbook World Scientific Series in Finance - Vol 11 Readership: Academics, professionals and graduates interested in the political economy of the BRICS World Scientific Reference countries (Brazil, Russia, India, China and South Africa). on The Strategic Analysis of 988pp Apr 2020 Financial Markets 978-981-120-217-9 (Set) US$750 £660 (In 2 Volumes) Introductory Offer till Mar 31, 2020 US$625 £550 Volume 1: Framework Textbook Volume 2: Trading System Analytics by Steven D Moffitt (Stuart School of Business, Leadership USA & Market Pattern Research, Inc., USA) Political-economic, Regional Business “This book is required reading for anyone who hopes to understand and Socio-Community Contexts edited by T W Lim (Soka University, Japan) how modern financial markets and trading really work. For too long, & Carol Ma (Singapore University of Social theoretical finance and the efficient markets hypothesis have been at Sciences, Singapore) odds with industry practice. At the same time, methods in the industry have been thought to be too heuristic for rigorous study. Drawn from This volume begins with a macro-political his decades on Wall Street, Steve Moffitt’s Strategic Analysis of Financial perspective of leadership. It then looks at case studies of political leadership and the factors that influence the shape Markets reconciles these conflicts by presenting a structured approach and outcome of leadership styles in the region.The book also examines that is as practically applicable as it is quantitatively rigorous.” the concept of community leadership and its impact on community Benjamin van Vliet well-being. Several specific case studies are examined in depth. The Illinois Institute of Technology case studies also examine policy formulation and implementation to Readership: Students, graduates and researchers who are interested look at the role of government in handling community-level issues. Finally, the book focuses on economic leadership in international in knowing how financial markets work. political economy and global business. 1120pp May 2017 Readership: Students, academics and researchers interested in 978-981-3142-77-0 (Set) US$495 £411 business and political leadership in East Asia.

36 284pp Apr 2020 Bestseller 978-981-121-322-9 US$88 £75 The Economic Foundations of Risk Management Putin’s Russia Theory, Practice, and Applications Economy, Defence and Foreign Policy by Robert Jarrow (Cornell) edited by Steven Rosefielde (University of North Carolina, Chapel Hill, USA) “The book is an ideal complement to existing This volume seeks to fill the vacuum created by monographs on financial risk management. The the Joint Economic Committee of Congress’s reader will benefit from a standard background decision to cease publishing comprehensive in no-arbitrage pricing. A tour of risk types and assessments of Russia’s performance and risk management principles is presented in a terse, no-fuss manner. potential. It provides readers with authoritative Plenty of pointers to additional literature are given, allowing the descriptions of Russia’s economy, military interested reader to go deeper into any of the topics presented.” prowess and international ambitions. The volume does not settle Newsletter of the Bachelier Finance Society controversies, but does provide readers with an objective basis for assessing Russia’s prospects without the distortions caused by fake Readership: Graduate students and researchers interested in the topic news and disinformation wars. of risk management. Readership: Academics, professionals, policy-makers and students 208pp Jan 2017 interested in Russia. 978-981-3149-96-0(pbk) US$38 £32 520pp Sep 2020 978-981-3147-51-5 US$75 £62 978-981-121-267-3 US$168 £150 For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Series on Contemporary China - Vol 47 Singapore Perspectives Political Economy of Politics Agricultural Trade-Related edited by Natalie Pang & Shamil Zainuddin Policies in China (Institute of Policy Studies, Singapore) by Wenshou Yan (Zhongnan University of This book is a collection of speeches presented at Singapore Economics and Law, China) Perspectives 2020 by Deputy Prime Minister and Minister for Finance This book seeks to understand the simultaneous Heng Swee Keat, as well as Minister for Trade and Industry Chan Chun economic and political contributors to China’s Sing. It also features speeches and discussions by public intellectuals changing agricultural protection levels and and civic leaders. Each speaker presents a perspective on their the central government’s choice of policy “experience” of politics, both in the traditional sense of elections and instruments to tax or assist farmers. It theoretically explores the governance as well as beyond those formal structures. motivation behind agricultural trade-related support policies through Readership: Students, academics, policy makers, corporate sector extending the two-sector specific factors production model to three officials and civil society activists, and general public interested in sectors, so as to make it more relevant for a one-party state such as Singapore. China. 150pp Jul 2021 Readership: Academics, policymakers, professionals, industry 978-981-122-572-7(pbk) US$36 £30 researchers, undergraduate and graduate students interested in 978-981-122-768-4 US$88 £75 agricultural trade-related policies in China.

188pp Oct 2020 978-981-121-889-7 US$78 £70 Handbook Rivalry and Cooperation in the Asia-Pacific When Entrepreneurs Meet The Dynamics of a Region in Transition (In 2 Volumes) The Collective Governance of New Ideas Volume 1: Geopolitics and Security: Introduction; by Darcy W E Allen (RMIT University, Australia) Security in Asia Volume 2: Geoeconomics and Development: Introduction; This book challenges our understanding of Regional Development how entrepreneurs crystallize opportunities edited by Mark Beeson (University of Western Australia, Australia) surrounding new technologies. While innovation is the fundamental driver of growth This two-volume reference work, by one and prosperity, how the earliest stages of of the world’s leading analysts of regional entrepreneurship are governed remains affairs, places these events in historical elusive. This book creates a new, institutional context and considers what they may approach to understanding entrepreneurship before emphasizing mean for future political, economic and how entrepreneurs create governance structures to coordinate new strategic relations. By focusing on the knowledge resources. United States, China and the region’s most significant middle powers, the book Readership: Business scholars, policymakers, and professionals explains why and how the Asia-Pacific interested in innovation economics, technology change and policy. has become the fulcrum of international 204pp Nov 2020 events. 978-1-78634-918-7 US$88 £75 Readership: International relations and geoeconomics students and those interested in contemporary issues of the Asia-Pacific. Liberalism Unveiled Forging a New Third Way in Singapore 1008pp Nov 2019 by Bryan Cheang (King’s College London, UK & 978-981-120-189-9(Set) US$348 £305 Adam Smith Centre, Singapore) & Donovan Choy (Adam Smith Centre, Singapore) Notable Backlist “This splendid book offers in a short space not 37 only an intelligent critical discussion of issues of The Coordination of BRICS Development Strategies Towards Shared policy and institutional design in contemporary Prosperity Singapore but also a tour of the economic and Linggui Wang (Chinese Academy of Social Sciences, China), et al. philosophical literature that guides the analysis. The Global Nexus Classical liberals as well as their critics will learn much from this clear, Wazir Jahan B Karim (Universiti Sains Malaysia, Malaysia) thoughtful, and learned work.” Handbook on International Political Economy Chandran Kukathas Ralph Pettman (University of Melbourne, Australia) Singapore Management University

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International Journal of Theoretical and Quarterly Journal of Finance (QJF) Applied Finance (IJTAF) www.worldscientific.com/qjf www.worldscientific.com/ijtaf Editors Advisor Kathleen Weiss Hanley (Lehigh University, USA) R C Merton (MIT Sloan School of Management, USA) Veronika Krepely Pool (Vanderbilt University, USA) Fernando Zapatero (University of Southern California, USA) Editor-in-Chief Lane P Hughston (Goldsmiths College, University of London, UK) Aims and Scope The QJF publishes high-quality papers in all areas of finance, Aims and Scope including corporate finance, asset pricing, financial econometrics, IJTAF brings together international experts involved in the international finance, macro-finance, behavioral finance, banking mathematical modelling of financial instruments as well as the and financial intermediation, capital markets, risk management and application of these models to global financial markets. insurance, derivatives, quantitative finance, corporate governance and compensation, investments and entrepreneurial finance. Abstracting/Indexing Emerging Sources Citation Index (ESCI) • Scopus • The CFA Digest Abstracting/Indexing • EconLit • SSRN • Mathematical Reviews® and more. Emerging Sources Citation Index (ESCI) • Scopus • EconLit • RePEC • Google Scholar • EBSCO Electronic Journal Service and more.

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Aims and Scope Editor-in-Chief (Founding Editor) CCE publishes theoretical and empirical papers devoted to analyses of Robert M. Sauer (Royal Holloway, University of London) mitigation, adaptation, impacts, and other issues related to the policy Aims and Scope and management of greenhouse gases. CCE is specifically devoted to JEMAR is the first academic journal specifically dedicated to exploring papers in economics although it is understood that authors may need the Economics, Management and Religion nexus using state-of-the-art to rely on other fields for important insights. research methodologies. Abstracting/Indexing Abstracting/Indexing Social Sciences Citation Index® • Journal Citation Reports/ Social Google Scholar • EBSCO Electronic Journal Service (EJS) • EBSCO Sciences Edition • Current Contents®/Social and Behavioral Sciences Electronic Journal Service (EJS) and more. • Scopus • EconLit • RePEC and more.

Global Economy Journal (GEJ) www.worldscientific.com/gej Water Economics and Policy (WEP) Indexed in www.worldscientific.com/wep SSCI Managing Editor: Joseph Pelzman (George Washington University, USA) Editor-in-Chief: Ariel Dinar (University of California, Riverside, CA, USA) Aims and Scope The official peer-reviewed journal of the International Trade and Aims and Scope Finance Association (IT&FA), Global Economy Journal (GEJ) is a well- WEP will address the economic-policy interaction by publishing highly established venue for peer-reviewed research on globalization and the technical water economics research with clear relevance for policy. institutions, laws, and agreements that structure the global economy, WEP will aim to target a wide range of economic questions at local, such as the WTO, the IMF, and the World Bank. regional, national and international levels. Abstracting/Indexing Abstracting/Indexing International Bibliography of the Social Sciences (IBSS) • Scopus • Social Sciences Citation Index • Science Citation Index Expanded • RePEC • Google Scholar and more. • Current Contents/Agriculture, Biology & Environmental Sciences • Scopus • RePEC and more.. 39 Journal of International Commerce, Journal of Extreme Events (JOEE) Economics and Policy (JICEP) www.worldscientific.com/jicep www.worldscientific.com/joee

Managing Editors: Managing Editor: Jie Li (Central University of Finance and Economics, China) William Solecki (Hunter College, City University of New York, USA) Aims and Scope Joern Birkmann (University of Stuttgart, Institute of Spatial and JICEP is a peer-reviewed journal that seeks to publish high-quality Regional Planning, Germany) research papers that explore important dimensions of the global Aims and Scope economic system (including trade, finance, investment and labor JOEE provide a forum for analysis of the occurrence, impact, and flows). significance of extreme events on natural and human systems. Abstracting/Indexing Abstracting/Indexing Emerging Sources Citation Index (ESCI) • EconLit • RePEC • Scopus Google Scholar • EBSCO Electronic Journal Service (EJS) • ProQuest • International Bibliography of the Social Sciences (IBSS) and more. Natural Science Collection (Agricultural & Environment Science Database) and more. *Please log in to your existing account or register for a FREE account to enjoy FREE Access to the featured articles at https://worldscientific.com Economics and Finance Catalogue 2021

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The International Journal of Accounting (TIJA) International Game Theory Review (IGTR) www.worldscientific.com/tija www.worldscientific.com/igtr

Editor: A. Rashad Abdel-khalik Managing Editor: David W K Yeung (Hong Kong Shue Yan University) (University of Illinois at Urbana-Champaign, USA) Aims and Scope Aims and Scope IGTR emphasizes rigorous analysis, and will offer up-to-date insights The aim of TIJA is to advance the academic and professional and perspectives through original research in game theory and its understanding of accounting theory, policies and practice from applications. It will publish both original articles and state-of-the-art the international perspective and viewpoint. The Journal editorial recognizes that international accounting is influenced by a variety of surveys, and will seek to maintain a balanced orientation between forces. Thus, the primary criterion for manuscript evaluation is the game-theoretic modeling and practical implications. incremental contribution to international accounting literature and Abstracting/Indexing the forces that impact the field. Emerging Sources Citation Index (ESCI) • Scopus • EconLit Abstracting/Indexing • Mathematical Reviews® • Zentralblatt MATH and more. International Bibliography of the Social Sciences (IBSS) • Scopus • RePEC • Google Scholar and more. The Singapore Economic Review (SER) Indexed in www.worldscientific.com/ser SSCI Review of Pacific Basin Financial Markets and Policies (RPBFMP) Editor: Euston Quah (Nanyang Technological University, Singapore) www.worldscientific.com/rpbfmp Aims and Scope The SER is a general economics quarterly devoted to publishing Managing Editor: Cheng-few Lee (Rutgers University, USA) the best policy and applied economics papers in addition to high- Aims and Scope quality theoretical pieces. Widely regarded as a leading journal in the RPBFMP concentrates on global interdisciplinary research in finance, Asia-Pacific, it has a long history of publication on economic issues economics, accounting, and management. It particularly emphasizes impinging on Southeast Asia and the broader Asia-Pacific region. the economic, financial, and management relationships among Pacific Abstracting/Indexing rim countries. Social Sciences Citation Index® • Social SciSearch® • Journal Citation Abstracting/Indexing Reports/Social Science Edition • Scopus • Bibliography of Asian Emerging Sources Citation Index (ESCI) • EconLit • Finance Literature Studies • EconLit and more. Index (FLI) • Scopus • RePEC and more. 40 China and the World: Ancient Journal of Financial Management, Open and Modern Silk Road (CWSR) Markets and Institutions (JFMMI) Access www.worldscientific.com/cwsr www.worldscientific.com/jfmmi Executive Editors Editor-in-Chief: Santiago Carbo-Valverde K.K. Phua (Nanyang Technological University, Singapore) (Universidad de Granada, Spain & Bangor Business School, UK) Da Hsuan Feng (Nanyang Technological University, Singapore) Ping Chung Leung (The Chinese University of Hong Kong) Aims and Scope Chih-Lien Huang (Hong Kong Society of Asia and Pacific 21 The aim of the JFMMI is to publish high quality, original and rigorous & Macau University of Science and Technology) research papers concerning broad areas of finance. Areas of interest include, but are not limited to: Financial Institutions, Financial Markets, Aims and Scope Risk Management, Investments and Corporate Finance. The aim and mission of CWSR is to become a platform where the profound implications of these efforts are to be explored and Abstracting/Indexing discussed. Comprehensive analysis of the historical, cultural, social, RePEC • Google Scholar • EconLit • EBSCO Electronic Journal Service economic and political impact of the aforementioned initiatives will (EJS) and more. be provided through expertise and unique insight drawn from global subject experts in various fields. *Please log in to your existing account or register for a FREE account to enjoy FREE Access to the featured Abstracting/Indexing articles at https://worldscientific.com Google Scholar • OCLC WorldCat® • EBSCO Electronic Journal Service (EJS) and more. For more information, visit: www.worldscientific.com WORLD SCIENTIFIC

Title Index Tick the titles and email to [email protected] to recommend to your librarian.

✔ Title Page ✔ Title Page ✔ Title Page Advanced Macroeconomics 24 Foundations of the Future 11 Political Economy of the BRICS Countries, the 36 Albert Winsemius 12 Fundamentals of General Equilibrium Analysis 30 (In 3 Volumes) Artificial Intelligence, Data and Blockchain in a 32 Fundamentals of Institutional Asset Management 9 Post-Covid Asia 6 Digital Economy, First Edition Future of the Global Order, The 9 Poverty and Proficiency (A Textbook in 24 Education Finance) ASEAN-China Cooperation for Environmental 14 GCE A Level Economics 16 Protection and Sustainable Energy Development Practical Approach to XVA, A 28 Generalized Integral Transforms in 27 Asset Management 34 Mathematical Finance Project Financing: Analyzing and Structuring 23 Projects Behavioral Finance 9 Geofusion 16 Beyond Fintech 33 Project Financing: Financial Instruments and 23 Global Corporate Finance (3rd Edition) 23 Risk Management Blockchain and Distributed Ledgers 34 Global Health Economics 18 Public Finance (Revised Edition) 24 Blockchain and Smart Contracts 34 Great Transition in India 5 Putin’s Russia 36 Blockchain Technologies, Applications and 32 Greening the Urban Habitat 12 Quantitative Finance and Risk Management 28 Cryptocurrencies Guangdong-Hong Kong-Macao Greater Bay Area 7 (2nd Edition) Brazen: Big Banks, Swap Mania and the Fallout 35 Handbook of Applied Investment Research 26 Quantum Computing 9 Brief History of Economics, A (2nd Edition) 20 Handbook of Energy Finance 12 R in Finance and Economics 9 Broadening Trade Theory 22 Handbook of Financial Econometrics, 26 Race for 5G Supremacy, The 21 Business Practices, Growth and Economic 21 Mathematics, Statistics, and Machine Learning Random Walk to Nowhere, A 31 Policy in Emerging Markets (In 4 Volumes) Real Estate and Taxation in Singapore 34 Case for Patents, The 16 Handbook of Global Financial Markets 35 Recent Developments in Vietnamese Business 21 Cases in Financial Management 10 Handbook of Heavy-Tailed Distributions in 28 and Finance China Versus the US 21 Asset Management and Risk Management Regional Economics 11 China’s Belt and Road Initiative 8 Has Asia Lost It? 6 Reimagining India-Thailand Relations 5 China’s Economic Challenge 8 Health Care Policy in East Asia (In 4 Volumes) 17 Renewable Energy Finance (2nd Edition) 13 China’s Energy Security 13 Health Microinsurance 17 Reset: Rethinking Our World and Creating a 16 China’s Millennium Transformation 5 Health Reforms Across the World 18 Different Future China’s Political Economy in the Xi Jinping Epoch 7 Hilbert and Banach Space-Valued Stochastic 26 Resource and Environmental Economics 14 China’s Rise and Internationalization 5 Processes (2nd Edition) China’s Rise in Mainland ASEAN 5 History of China’s Financial Thought, A 20 Reversing Climate Change 8 (In 2 Volumes) Cme Vulnerability, The 33 Risk Factors and Contagion in Commodity 25 History of Chinese Thoughts on Public Finance, 20 Common Sense Macroeconomics 24 Markets and Stocks Markets A (In 2 Volumes) Competition, Innovation and Trade 21 Rivalry and Cooperation in the Asia-Pacific 37 Hong Kong’s 2019-2020 Social Unrest 6 (In 2 Volumes) Conceptual Economics 11 Impact of Covid-19 on Asian Economies and 7 Rule of Three and the Evolution of 7 Controlling Concept, The 4 Policy Responses Governance, The Convergence of Artificial Intelligence and 35 Inclusive Fintech 35 Selected Contributions to Game Theory 30 Blockchain Technologies, The Information for Efficient Decision Making 4 Shadows Across the Golden Land 6 Course in Game Theory, A 29 Infrastructure Financing in Asia 25 Singapore Perspectives: Politics 37 Covid-19 Epidemic in China, The 19 Insurance Planning Models 31 Small Actions: Creating Big Success in Your 35 Cultural Finance 15 Interactive Epistemology 31 Career Current Issues in Global Agricultural and Trade 14 International Economics of Wine, The 12 Solar Power Finance Without the Jargon 14 Policy International Money and Finance 23 Statistical Analysis on Key Economic Areas of 7 Dark Side of Healthcare, The 19 China Introduction to Derivative Securities, Financial 28 Decoding China’s Export Miracle 8 Markets, and Risk Management, An (2nd Edition) Stochastic Interest Rate Modeling with Fixed 27 Development Strategies of Open Economies 11 Income Derivative Pricing (3rd Edition) Introduction to Islamic Banking and Finance 32 Dialogues Around Models and Uncertainty 26 Studies on Hospital Management Transformation 18 Introduction to Machine Learning in 26 Digital Currency Economics and Policy 33 Quantitative Finance, An Supply Chain Financing 32 Economic Effects of Antidumping 22 Kiasunomics 2: Economic Insights for Everyday 15 Sustainability and Resources 29 Economic Empowerment of Women in the 15 Life Tales From My First 90 Years 30 Islamic World Large-Dimensional Panel Data Econometrics 30 Taxation in Theory and Practice 35 Economic Foundations of Risk Management, The 36 Leadership 36 Theoretical Analysis, Performance Evaluation, 19 Economics Gone Astray 25 Learning and Intertemporal Incentives 29 and Reform Solution of the Health Care System in China, A Economics of G20 (In 2 Volumes) 20 Lecture Notes in International Trade 22 Theory of General Economic Equilibrium 29 Economics Primer 15 Lecture Notes in Investment 33 Time Series in High Dimensions 29 Economics, Game Theory and International 14 Lecture Notes in State and Local Public Finance 24 41 Environmental Agreements (Parts I and II) Tracking Resources for Primary Health Care 18 Efficiency and Input-Output Analyses 24 Lectures on Mathematical Finance and Related 25 Turkish Economy at the Crossroads 11 Elusive Tipping Point, The 6 Topics Understanding Game Theory (2nd Edition) 30 Emerging Business Models, The 32 Liberalism Unveiled 37 Understanding Germans 22 Employee Stock Options 27 Macroalgal Biorefineries for the Blue Economy 13 Understanding the Implications of Trade and 23 Encyclopedia of International Economics and 20 Managing Your Personal Finance 31 Financial Market Integration for Business Cycles Global Trade (In 3 Volumes) Market Microstructure in Practice (2nd Edition) 36 US vs China 4 Entrepreneurial Finance 9 Mathematical Modeling and Computation in 27 Valuation and Financial Forecasting 10 Entrepreneurship in the Gulf Cooperation 17 Finance Council Region Mental Health in Central and Eastern Europe 18 Values at the Core 16 Environmental Economics Research and China’s 13 Metals and Energy Finance (2nd Edition) 15 When Entrepreneurs Meet 37 Green Development Strategy Microeconometric Studies of Firms’ Imports 22 Who Shall Live? Health, Economics and Social 19 Failed Globalisation 21 and Exports Choice (2nd Expanded Edition) World Scientific Encyclopedia of Climate 8 Finance in Non-Financial Problems 10 Modeling Strategic Behavior 25 Change (In 3 Volumes) Financial and Economic Systems 34 Modern Health Care Marketing 18 World Scientific Handbook of Global Health 19 Financial Engineering 28 Multivariate Normal Distribution, The 31 Economics and Public Policy (A 3-Volume Set) Financial Management in the Digital Economy 34 Navigating Uncertainty in the South China Sea 6 World Scientific Reference on Asia-Pacific 4 Financial Mathematics for Actuaries (2nd Edition) 28 Disputes Trade Policies (In 2 Volumes) Financial Risk Management 27 New Technology and Conflicting Information 13 World Scientific Reference on Contingent 10 Financing the Education of Health Workers 19 Organising Entrepreneurship and MSMES 17 Claims Analysis in Corporate Finance Firms and Workers in a Globalised World 17 Across India (In 4 Volumes) Fitting Local Volatility 25 Policy Analysis and Modeling of the Global 22 World Scientific Reference on Handbook of 12 Economy the Economics of Wine (In 2 Volumes) Fixed Coupon Note 33 Political Economy of Agricultural Trade-Related 37 World Scientific Reference on the Strategic 36 Foundations of Modern Econometrics 29 Policies in China Analysis of Financial Markets (In 2 Volumes) Economics and Finance Catalogue 2021

Author Index Author Page Author Page Author Page Author Page Abdel-Khalik, A Rashad 35 Forni, Mario 29 Li, Cheng 7 Sim, Eric 35 Abraham, Biju Paul 36 Francois, Joseph 22 Li, Fujian 14 Sing, Tien Foo 15 Abraham, Filip 5 Fratianni, Michele 23 Li, Kui-Wai 11 Singh, Abhay Kumar 9 Acharya, Satya Ranjan 17 Ftiti, Zied 34 Lim, Tai Wei 36 Singh, Satyendra 21 Agarwal, Manmohan 20 Fuchs, Victor R 19 Lin, Skye Chang 18 Soh, Christabelle 16 Agarwal, Sumit 7,15 Galai, Dan 10 Lippi, Marco 29 Sopranzetti, Ben 10 Aggarwal, Rajiv 33 Gergaud, Olivier 12 Lipton, Alexander 27,28,34 Spatareanu, Mariana 20 Akat, Asaf Savas 11 Giudici, Giancarlo 9 Lo, Swee Won 34 Spulber, Daniel F 16 Allen, Darcy W E 37 Goddard, Maria 18 Lopez De Prado, Marcos 34 Staudacher, Michael 22 Allen, David Edmund 9 Golberg, Alexander 13 Lopez-cariboni, Santiago 36 Johannes Anandan, R 35 Goundar, Sam 32,35 Louhichi, Wael 34 Stefanescu, Catalin 23 Anderson, Kym 4,12 Goutte, Stephane 12,25 Low, Linda 8,15,35 Steinhardt, Paul 21 Ang, Swee Hoon 15 Grandjean, Thomas 16 Ma, Carol Hok Ka 36 Storchmann, Karl 12 Arasu, K T 25 Greene, Joshua E 24 Mailath, George J 25 Stoyanov, Stoyan V 28,34 Ashenfelter, Orley 12 Groves, Austin 21 Majumdar, Mukul 29 Suhrcke, Marc 18 Au Yong, Hui Nee 8 Grzelak, Lech A 27 Malafeyev, Oleg A 30 Sun, Wenxue 20 Aumann, Robert J 30,31 Guan, Chong 32,34 Malinovskii, Vsevolod 31 Suryanarayana, Pisupati 6 Sadasiva Azid, Toseef 15 Guerard Jr, John B 26 Mansfield, Edward D 36 Susantono, Bambang 25 Azis, Iwan Jaya 11 Guerini, Massimiliano 9 Markusen, James R 22 Suseendran, G 35 Bal, Peter 8 Guesmi, Khaled 25 Marwah, Reena 5 Suzuki, Takashi 30 Balachandran, Kashi R 4 Gunawardane, Gamini 18 Mccluskey, Jill J 13 Swan, Melanie 9 Barigozzi, Matteo 29 Guo, Shiping 7 Mehra, Sunil 17 Tan, Cheryl 6 Barrieu, Pauline 26 Gursel, Seyfettin 11 Mensbrugghe, Dominique Y 22 Van Der Tan, Chin Hwee 16 Batra, Ravi 24 Hallin, Marc 29 Moffitt, Steven D 36 Tangermann, Stefan 14 Beciu, Hortenzia 19 Hardy, Alfredo Toro 21 Mohamed, Hazik 33 Tassinari, Gian Luca 28 Beeson, Mark 37 Hasegawa, Tomonori 17 Moreno-Serra, Rodrigo 18 Tay, Hong Beng 34 Ben Ameur, Hachmi 34 Hasegawa, Toshihiko 17 Mortlock, Simon Hedley John 35 Tay, Simon S C 6 Bergemann, Dirk 29 Hassan, M Kabir 32 Muravey, Dmitry 27 Ten Raa, Thijs 24 Berman, Peter 18 Hauskrecht, Andreas 23 Nakawiroj, Wasutadon 5 Tenbensel, Tim 18 Bianchi, Michele Leonardo 28 He, Zhiguo 7 Nguyen, Dong Phong 21 Tenca, Francesca 9 Blandford, David 14 Hens, Thorsten 15 Nguyen, Duc Khuong 12,35 Tian, Shu 25 Boubaker, Sabri 35 Hirao, Tomohiro 17 Ni, Hao 26 Tisdell, Clement A 14 Brick, Ivan E 10 Ho, David Kim Hin 12 Norland, Erik 25 Tran, Mai Dong 21 Buchanan, Dennis L 15 Ho, Viet Tien 21 Okma, Kieke G 18 Traugott, Hadar 13 Buttice, Vincenzo 9 Hong, Yongmiao 29 Oosterlee, Cornelis W 27 Treccani, Adrien 34 Caldwell, Peter Deh 7 Horvath & Partners 4 Management Consultants Ottaviano, Gianmarco I P 17 Tse, Yiu-Kuen 28 Camacho, Luis 21 Hsiao, Frank S T 11 Palalic, Ramo 17 Tsuchiya, Osamu 28 Canterbery, E Ray 20 Hsiao, Mei-Chu Wang 11 Palatnik, Ruslana Rachel 13 Tulkens, Henry 14 Chan, Wai-Sum 28 Hu, Teh-Wei 17 Pang, Natalie Lee San 37 Valimaki, Juuso 29 Chance, Don M 27 Huffman, Wallace E 13 Park, Donghyun 6,25 Venezia, Itzhak 9 Chase, Jenny 14 Infocomm Media 32 Pauken II, Thomas Weir 4 Vo, Xuan Vinh 21 Chatterjea, Arkadev 28 Development Authority, Petit, Vincent 9 Wagner, Joachim 22 Cheang, Bryan Yi Da 37 Singapore Pham-Gia, Thu 31 Wang, Hong 18 Cheng, Shou-Hsia 17 Israel, Alvaro 13 Poniachek, Harvey A 10 Wang, Mei 15 Chereches, Razvan M 18 Itkin, Andrey 25,27 Preker, Alexander S 19 Wang, Youjuan 7 Chiang, Alpha C 30 Jarrow, Robert A 28,36 Prisman, Eliezer Z 33 Wang, Yu 34 Chiang, Tung-Liang 17 Jha, Priyaranjan 22 Privault, Nicolas 27 Ward-Batts, Jennifer L 15 Chichilnisky, Graciela 8 Ji, Jie 7 Prusa, Thomas J 22 Whalley, John 20 Chirathivat, Suthiphand 5 Jian, Di 18 Putnam, Bluford H 25 Wiener, Zvi 10 Choi, Thomas Y 32 Jiang, Yuan 7 Qi, Haipeng 20 Williams, Edward E 31 Choy, Donovan 37 Jiang, Zhiying 32 Qian, Pu 19 Witte, Frank 9 Chu, Angus Chi Ho 24 Kakihara, Yuichiro 26 Qiu, Larry Dongxiao 21 Xie, Linlin 13 Colombo, Massimo Gaetano 9 Kao, Chihwa 30 Qu, Feng 30 Xing, Yuqing 8 Crivelli, Luca 18 Kayhan, Selim 32 Quah, Euston 12 Xiong, Yanyan 19 Croce, Annalisa 9 Keidel, Albert 8 42 Ramadani, Veland 17 Xu, Hao 13 Crouhy, Michel 10 Keiding, Hans 29 Ray, Partha 36 Xu, Xianchun 7 Crucini, Mario J 23 Keuffel, Eric L 19 Ren, Jingzheng 13 Xu, Xiongfei 7 Csizmadia, Norbert 16 Kiess, Braun C 10 Revill, Paul 18 Yan, Wenshou 37 Dana, Leo-Paul 17 Kifer, Yuri 25 Rieger, Marc Oliver 15 Yang, Bong Min 17 Dash, Jan W 8,28 Kim, Chanwhan 5 Rivera-Batiz, Francisco 20 Yang, Yue 14 Davis, Mark H A 15 Kim, Kenneth A 23 Robin, Arthur Nils 13 Yao, Sui 20 De Nahlik, Carmel 23 Kim, Soo Yeon 36 Rogers, Dale S 32 Yeung, Bernard 6,7,33 Diekhoner, Philipp Kristian 16 Kim, Suk Hi 23 Rosefielde, Steven 36 Yinger, John 24 Ding, Ding 32,34 Koh, Benedict Seng Kee 31 Rowley, Anthony H 11 Yip, Winnie Chi-Man 17 Dittmer, Lowell 7 Kolokoltsov, Vasily N 30 Roy, Nalanda 6 Yu, Guangxi 26 Dixon, Peter 22 Kondo, Masahide 17 Rudra, Nita 36 Yuan, George Xianzhi 33 Dobelman, John A 31 Kumar, Rajiv 5 Rutchatorn, Buddhagarn 5 Yuan, Xuchuan 8 Dong, Xin 26 Laruelle, Sophie 36 Santos, Renato P Dos 9 Zaffaroni, Paolo 29 Donovan, Charles W 13 Lau, Lawrence Juen-Yee 19 Sawyer, Kim 10 Zainuddin, Shamil 37 Dror, David M 17 Lee, Andrea Noelle 6 Scheffler, Richard M 18,19 Zhang, Lin 19 Edwards, Brian 19 Lee, Charles 7 Schulte, Paul 21 Zhang, Youguo 13 Erbil, Can 20 Lee, Cheng-Few 26 Sculpher, Mark 18 Zhang, Zhan 7 Fabozzi, Francesco A 9,34 Lee, David Kuo Chuen 32,34,35 See, Wei Hwa 34 Zhang, Zhaoyong 5 Fabozzi, Frank J 9,23,28,34 Lee, Hyun-Hoon 6 Shaikh, Salman Ahmed 32 Zhang, Zhongwen 7 Feng, Da-Hsuan 5 Lee, John C 26 Sharma, Naman 17 Zhao, Genzhong 7 Ferguson, Thomas S 29 Lehalle, Charles-Albert 36 Shastry, Vasuki 6 Zheng, Jinsong 26 Flassbeck, Heiner 21 Leung, Tim Siu-Tang 27 Sheng, Hong 19 Ziemba, William T 12,26 Focardi, Sergio 28 Leung, Yew Kwong 34 Shi, Faqi 7 Zodrow, George R 35 Fong, Wai Mun 31 Leuschner, Rudolf 32 Shumway, Martha 18 Zollmann, Meiron 13 Business and Economics Collections At World Scientific we offer flexible purchasing models to help meet our customers' needs. 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