Thursday, August 05, 2004

Doing Business With Russia
Author:Marat Terterov

This new edition of Doing Business with Russia provides an authoritative appraisal of the current economic system and investment climate, an update on market potential in key industry sectors, and unique best practice advice on all aspects of investing in and trading with Russia.



With a population of nearly 150 million, Russia has a huge potential consumer market. With its improved economic and political performance under Putin, the pro-global economies of his government and major Russian corporations, together with the country’s seemingly endless supplies of many of the world’s most vital resources, now is a particularly attractive time for embarking upon business co-operation with this vast country.



In 2002, the United States proclaimed Russia to have reached the status of a 'market economy' and the international credit ratings agency, Standard and Poor's upgraded Russia's rating, assigning a stable investment outlook on the basis of continuing economic reform and improved budgetary discipline.



The Russian government has also advocated its continuing commitment to encouraging the private sector, reducing bureaucratic controls on commercial activities, encouraging foreign investment and further integrating Russia into the global economy through its negotiations for membership of the WTO.



Information for the book and the website has been supplied by a unique network of contacts in Russia, including the local offices of Deloitte & Touche, CMS Cameron McKenna and Raifffeisen Bank. Other valuable sources include Coface, Mechant International Group, Allen & Overy, the World Bank Group, the International Finance Corporation, Standard & Poor's and many more.



Topics covered include:



- the economy and business environment

- the legal structure and business regulation

- finance, accountancy and taxation

- key sectors of trade and investment

- business development

- doing business in Russia's regions



Doing Business with Russia is an invaluable guide to business practice and trading opportunities and provides up-to-the minute information regarding market potential and all aspects of carrying out business in and with Russia.

Catastrophe Risk and Reinsurance
Author:Eugene N. Gurenko

Including the latest invaluable insights into catastrophe reinsurance, Catastrophe Risk and Reinsurance provides you with a wealth of risk management expertise gained from many of the largest international catastrophe risk transfer programmes



Drawing on material from a recent World Bank conference, Eugene N. Gurenko assembles some of the foremost reinsurance and risk management experts from industry and academia. The chapters thoroughly explore subjects such as country risk assessment, risk modelling, risk transfer methods and national reinsurance.



- Outlines the key challenges involved in building national catastrophe insurance schemes and suggests how disaster-prone countries can manage their exposures to reduce the cost of risk by following the classical corporate risk management model

- Demonstrates the importance of public-private partnerships in catastrophe risk financing by suggesting the roles of government and private risk markets

- In addition to risk financing, this title uniquely covers the role of risk reduction and prevention in disaster prone countries





Managing Change Across Corporate Cultures
Author:Fons Trompenaars; Peter Prud'Homme

Managing Change Across Corporate Cultures peels away the mysteries of corporate culture to reveal why it has such a powerful influence on every aspect of the performance of a business. It shows how to shape high-performing corporate cultures in a complex international environment.



As the natural successor to Fons Trompenaars and Charles Hampden-Turner s landmark bestseller, Riding the Waves of Culture, Managing Change Across Corporate Cultures shows exactly how to create an environment where astonishing business breakthroughs are possible. You will also learn how to renew cultures as part of change and how to integrate cultures successfully following mergers, acquisitions and joint ventures.



New research shows that in cross-border business, differences in corporate culture have more far-reaching repercussions than even differences in national cultures. Never before has there been such enormous interest in shaping and changing the cultures of our businesses, whether to revitalise them after restructuring or to provide the glue that holds them together through the sea changes of globalization.

Levy Processes and Stochastic Calculus
Author:David Applebaum

Lévy processes form a wide and rich class of random process, and have many applications ranging from physics to finance.



Stochastic calculus is the mathematics of systems interacting with random noise. For the first time in a book, Applebaum ties the two subjects together. He begins with an introduction to the general theory of Lévy processes.



The second part develops the stochastic calculus for Lévy processes in a direct and accessible way. En route, the reader is introduced to important concepts in modern probability theory, such as martingales, semimartingales, Markov and Feller processes, semigroups and generators, and the theory of Dirichlet forms.



There is a careful development of stochastic integrals and stochastic differential equations driven by Lévy processes.



The book introduces all the tools that are needed for the stochastic approach to option pricing, including Itô's formula, Girsanov’s theorem and the martingale representation theorem.

Lévy Processes and Infinitely Divisible Distributions
Author:Ken-iti Sato

Lévy processes are rich mathematical objects and constitute perhaps the most basic class of stochastic processes with a continuous time parameter.



This book is intended to provide the reader with comprehensive basic knowledge of Lévy processes, and at the same time serve as an introduction to stochastic processes in general.



No specialist knowledge is assumed and proofs are given in detail. Systematic study is made of stable and semi-stable processes, and the author gives special emphasis to the correspondence between Lévy processes and infinitely divisible distributions.



All serious students of random phenomena will find that this book has much to offer.