- Trading books are a form of accounting ledger that contains records of all tradeable financial assets of a bank.
- Trading books are subject to gains and losses that affect the financial institution directly.
- Losses in a bank’s trading book can have a cascading effect on the global economy, such as those that occurred during the 2008 financial crisis.
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From the reviews of the first edition:
JOURNAL OF PHYSICS A: MATHEMATICAL AND GENERAL
Review by M Schreckenberg, Fachbereich Physik, Duisburg-Essen University, Germany
“This is an important book, of pedagogical use to a cohort of upcoming students and as an overview of the mathematical techniques currently available to the complex system manager. Your reviewer greatly enjoyed reading it and found much in it that was new and interesting and readily understandable.” (Dr. D. J. Jefferies, Contemporary Physics, Vol. 46 (1), 2005)
“Boccara’s Modeling Complex Systems is full of useful knowledge … . Every chapter contains a remarkable number of examples that mix classical and up-to-date models … . The ideal audience for Boccara’s book is first- or second-year physics graduate students who have had a one-semester course in modern statistical mechanics … . Readers so prepared will find the book clear and well worth reading. Modern Complex Systems should be the standard introductory textbook to the physics of complex systems for the foreseeable future.” (Cosma Shalizi, Physics Today, February, 2005)
“This nice book can serve as an introduction to modeling complex systems, but it can also be used both as a general presentation and as a reference book for anyone wanting to find in a single book on complex systems simultaneously models, modeling tools, examples, theoretical results and interesting applications. … Each chapter ends with exercises (and solutions). The book ends with a bibliography of more than 350 items, adding to its very good quality.” (Jean-Paul Allouche, Zentralblatt MATH, Vol. 1072, 2005)
Get: Nino Boccara – Modeling Complex Systems