Description
Cengage The Washing Machine How Money Laundering And Terrorist Financing Soils Us by Nick Kochan
Understand the intricacies of money laundering with THE WASHING MACHINE; HOW MONEY LAUNDERING AND TERRORIST FINANCING SOILS US! This text takes you deep inside the world of money laundering and shows it to be a highly sophisticated, global business that poses a serious and systemic threat to the worlds financial institutions, as well as the global economy. Investigative journalist and financial expert Nick Kochan profiles the perpetrators, the investigators, and explains the methods employed by international criminals and terrorists to turn dirty money into untraceable wealth. 1. Getting started 2. The change process 3. Net present value 4. Comparing net present value, decision trees, and real options 5. Numerical methods for simple options 6. Compound and switching options 7. Going from one step per time period to many 8. A four-step process for valuing real options 9. Estimating volatility: consolidated approach 10. Keeping uncertainties separate 11. Case examples 12. Final thoughts and unfinished business Appendix A Appendix B Notes About the authors Index