Bringing the Supply and Demand Sides of the Capital Markets Together
The articles composing each issue of The Arbitrageur will be solutions to and comments on specific problems and questions that are relevant to professionals on the supply and demand sides of the capital markets. Problems will be submitted by practitioners and professors of finance, law, and accounting. Our objective is to make each issue of The Arbitrageur a brainstorming session.
The Arbitrageur will bring experts on the supply and demand sides of the capital markets into a dynamic forum where: problems are presented, solutions sketched, and ideas and methodologies are discussed, debated, refined, extended and rejected. The Arbitrageur will be a fluid source of practical insights into how capital can be raised, allocated and traded more efficiently.
Although the title, The Arbitrageur, evokes the process of simultaneously selling and buying similar financial instruments, or elements of their embedded characteristics to earn a risk free profit, we are using the term in a broader sense. The Arbitrageur will seek to short overvalued answers to badly conceived questions and invest the proceeds in well constructed problems and clear blueprints that lay out the steps necessary to arrive at a solution. We would like to give readers insight into how experts analyze and solve problems.
The objective of
The
Arbitrageur is not to publish ground breaking research or extensions
of the extant literature, but rather to give professionals and serious students
of finance a resource that will clarify fundamental questions, problems and
issues that are too often twisted, tangled, and glossed over. We realize
authors may feel constrained by not being able to go into as much mathematical
detail as they deem necessary to do problems "justice". We would suggest
that The
Arbitrageur is a better forum in which to simplify and outline the
fundamental issues of a problem, question or debate. We do not discourage
mathematical expression, but we will require that authors strike a balance
in favor of terse prose. In fact The Arbitrageur will be an
excellent vehicle through which to teach the mathematical skills people should
understand if not master in order to be able to solve or think constructively
about tax, regulatory, accounting, commercial, and financial constraints
by financial managers. Readers wishing for a more general solution
to a class of problems or detailed solution to an actual problem always have
the opportunity of contacting the author. In fact the on line version of
The Arbitrageur will contain links to web sites chosen by authors.
The printed version will incorporate recommended reading lists.
The
Arbitrageur
Come into The
Brainstorm
The Arbitrageur (ISSN 1089-1080) is published two times per year by
The Financier Inc.
The Financier Inc.
220 Locust Street, #3E
Philadelphia, PA 19106, USA
Phone: 215-829-1354 Fax: 215-829-1376
Copyright (1994-1998) The Financier Inc. All rights reserved.
No part of this publication may be reproduced, stored in a retrieval system,
or transmitted, in any form or by any means, electronic, mechanical,
photocopying, recording, or otherwise, without the prior written permission
of the publisher.