Most Popular Books by Filip

This book provides a comprehensive summary of the latest academic research on the important topic of too-big-to-fail (TBTF) in banking. It explains TBTF from various perspectives including the range of regulatory measures proposed to counter TBTF, most notably the globally accepted regulation of global-systemically important banks (G-SIBs) and its main tool of capital surcharges. The empirical analysis quantifies the shareholder value of the G-SIB attribution by using quarterly observations from more than 750 global banks between Q2 2008 and Q3 2015. The main finding is that G-SIBs are confronted with a substantial relative valuation discount compared to non-G-SIBs. From the end of 2011 until the end of 2015, a stable discount of 0.6x–0.8x price-to-tangible common equity (P/TCE) is statistically highly significant. The results suggest that the G-SIB designation effect, which positively impacts G-SIBs’ share prices because of funding benefits from IGGs, is dominated by the regulatory G-SIB burden effect, which negatively impacts G-SIBs’ share prices because of lower profitability due to capital surcharges and other regulatory requirements placed on G-SIBs. The findings re-open the debate about whether breaking up G-SIBs would unlock shareholder value and whether G-SIBs are regulated efficiently.

A better understanding of youth work’s historical links with social work can help us to shape its relationship with social work in the future. This sixth publication in the History of Youth Work in Europe project based on the workshop held in Malta – Connections, Disconnections and Reconnections: The Social Dimension of Youth Work, in History and Today – looks at the relationship between youth work and social work and the role youth work can play in the social inclusion of young people. Contributors have reflected on concepts, tools and support measures for more vulnerable and often socially excluded young people and have sought to promote a common understanding of youth work as a social practice. The workshop that led to this book sought to understand where youth work has positioned itself from its origins, through its development, to its contemporary identity. Is youth work as much a social practice as a non-formal educational one? Where does the balance between these two dimensions lie? What are the mutually enriching dimensions of these two fields in terms of their impact on young people’s lives? While most agree that youth work needs to be further defined as a practice or profession in itself and that the process of shaping its identity continues in different ways in different countries, it is clear that when it comes to a cross-sectoral perspective and youth work’s interaction with social work, the picture becomes significantly more complex, arguably much richer and certainly more dynamic than might have hitherto been foreseen.

Investment and risk management problems are fundamental problems for financial institutions and involve both speculative and hedging decisions. A structured approach to these problems naturally leads one to the field of applied mathematics in order to translate subjective probability beliefs and attitudes towards risk and reward into actual decisions. In Risk and Portfolio Analysis the authors present sound principles and useful methods for making investment and risk management decisions in the presence of hedgeable and non-hedgeable risks using the simplest possible principles, methods, and models that still capture the essential features of the real-world problems. They use rigorous, yet elementary mathematics, avoiding technically advanced approaches which have no clear methodological purpose and are practically irrelevant. The material progresses systematically and topics such as the pricing and hedging of derivative contracts, investment and hedging principles from portfolio theory, and risk measurement and multivariate models from risk management are covered appropriately. The theory is combined with numerous real-world examples that illustrate how the principles, methods, and models can be combined to approach concrete problems and to draw useful conclusions. Exercises are included at the end of the chapters to help reinforce the text and provide insight. This book will serve advanced undergraduate and graduate students, and practitioners in insurance, finance as well as regulators. Prerequisites include undergraduate level courses in linear algebra, analysis, statistics and probability.

This approachable book introduces network research in R, walking you through every step of doing social network analysis. Drawing together research design, data collection and data analysis, it explains the core concepts of network analysis in a non-technical way. The book balances an easy to follow explanation of the theoretical and statistical foundations underpinning network analysis with practical guidance on key steps like data management, preparation and visualisation. With clarity and expert insight, it: • Discusses measures and techniques for analyzing social network data, including digital media • Explains a range of statistical models including QAP and ERGM, giving you the tools to approach different types of networks • Offers digital resources like practice datasets and worked examples that help you get to grips with R software

Lying at the crucible of Central Europe, the Silesian village of Kupferberg suffered the violence of the Thirty Years War, the Napoleonic Wars, the World War I. After Stalin's post-World War II redrawing of Poland's borders, Kupferberg became Miedzianka, a town settled by displaced people from all over Poland and a new center of the Eastern Bloc's uranium-mining industry. Decades of neglect and environmental degradation led to the town being declared uninhabitable, and the population was evacuated. Today, it exists only in ruins, with barely a hundred people living on the unstable ground above its collapsing mines. Springer catalogs the lost human elements: the long-departed tailor and deceased shopkeeper; the parties, now silenced, that used to fill the streets with shouts and laughter, and the once-beautiful cemetery, with gravestones upended by tractors and human bones scattered by dogs. In Miedzianka, Springer sees a microcosm of European history, and a powerful narrative of how the ghosts of the past continue to haunt us in the present--Provided by the publisher.

Rosslyn Chapel has fuelled controversy and debate, both recently in several best-selling books as well as in past centuries. Revered by Freemasons as a vital part of their history, believed by some to hold evidence of pre-Columbian voyages to America, assumed by others to hold important relics, from the Holy Grail to the Head of Christ, the Scottish chapel is a place full of mystery. This book will guide you through the theories, showing and describing where and what is being discussed; what is impossible, what is likely... and what is fact. At the same time, the book will virtually guide you around all enigmatic and important aspects of the chapel. The history of the chapel, its relationship to freemasonry and the family behind the scenes, the Sinclairs, is brought to life, incorporating new, forgotten and often unknown evidence. Finally, the story is placed in the equally enigmatic landscape surrounding the chapel, from Templar commanderies to prehistoric markings, from an ancient kingly site to the South, to Arthur's Seat directly north from the Chapel -- before its true significance and meaning is finally unveiled: that the Chapel was a medieval stone book of esoteric knowledge, 'written' by the Sinclair family, one of the most powerful and wealthy families in Scotland, chosen patrons of Freemasonry.

Organisations today operate in a fascinating world where change is constant, fast and continues to accelerate. It is the combination of evolving developments such as technological advancements, globalisation and new ways of communicating through multimedia technologies that drive us to reorganise how we live, how we work, how we create value, and how we learn. These developments call for a Learning & Development policy and practice that supports professionals to be or become successful in this fascinating changing world. In other words: one of the core goals of Learning & Development is to support sustainable employability. Creating Impact through Future Learning introduces a model for High Impact Learning that Lasts (HILL) that is very much in synch with the demands of an agile organisation. The HILL model is about the learning of young adults, professionals, and experts. It is about the many possibilities to inspire and to support adults in their continuous learning and development process, aiming to create value for today’s and tomorrow’s society. It is about how designers of learning programmes – be it L&D officers or teachers in vocational and higher education preparing adults for professional life – can take a step forward to build the future of learning. A new mindset is needed to create a real impact.