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finance

Belarus Banks Adopt International Financial Reporting Standards

November 6, 2024

Belarusian banks are making a big change by switching to international financial reporting standards, known as IFRS. This shift isn't easy, and one of the trickiest parts is figuring out how to handle loans and conditional obligations. These are rules set by the International Financial Reporting Sta

finance

The Best Strategy: A Fresh Look at the Sharpe Ratio

November 6, 2024

In investment, the Sharpe Ratio is used to measure the performance of a strategy. But how do you know if your strategy is the best among many options? Enter the Intersection-Union Test. This test is like a competition where you compare the Sharpe Ratio of your benchmark strategy with others. The coo

finance

How Traders Fund Their Moves Without Borrowing

November 6, 2024

Ever thought about how traders keep their trades going without adding extra money? Welcome to the world of self-financing trading! This concept is a big deal in Quantitative Finance. It was first introduced by Harrison and Kreps in 1979 and expanded by Harrison and Pliska in 1981. In simple terms, s

finance

Blockchain's Impact on Supply Chain Finance: A Closer Look

November 6, 2024

Supply Chain Finance plays a key role in boosting competition within the supply chain and helps to move money around efficiently. It often involves services like financing accounts receivable, managing risks, and optimizing supply chain operations. Over the past decade, Blockchain technology has gai

finance

A Fresh Look at Pathwise Finance

November 6, 2024

Imagine you're exploring the world of finance, but this time, you're not dealing with probabilities. We're talking about a new approach called causal functional calculus. This method focuses on the paths taken by financial assets, not just their possible outcomes. One key idea here is something cal

finance

AI in Banking: A Journey Through Challenges and Innovations

November 6, 2024

Artificial Intelligence (AI) has been transforming the finance world for years, using both classic and modern techniques. Let's dive into the challenges, methods, and opportunities that AI brings to finance. First, let's look at the landscape of finance and the data it deals with. Finance businesse

finance

International Trade Finance: From Medieval Times to Today

November 6, 2024

Ever since the Middle Ages, international trade finance has been a key part of global business. It all started with local merchants and bankers creating their own unique financial assets. Over time, this system became more centralized, with leading trading centers like Antwerp, Amsterdam, and London

finance

Exploring Market Quirks: Rational Finance Takes on Behavioral Challenges

November 6, 2024

Behavioral finance, which studies how human psychology affects financial markets, has long pointed out three puzzles that seem to defy the theory of rational finance. These puzzles are the predictability of asset prices, the equity premium puzzle, and the volatility puzzle. In simple terms, these pu

finance

Tech Boom on the Horizon, No Matter Who Wins the Election

November 6, 2024

ARK Invest's CEO, Cathie Wood, is confident that the next U. S. president will be friendly to tech innovation, regardless of whether it's Trump or Harris. She sees a coming boom due to reduced regulations, a view shared by both candidates, according to Wood. The firm's ARK Innovation ETF (ARKK) is u

finance

The Surprising Story of a Family's Hidden Gold Coin Treasure

November 6, 2024

Imagine a family's shock when they found out their century-old gold coin collection was worth way more than they thought. We're talking millions here! These coins, from the 1800s and early 1900s, were expected to fetch around $50, 000. But when experts got their hands on them, the value skyrocketed