Financial Engineering for Low-Income Households
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Financial Engineering for Low-Income Households

Edited by:
  • Bindu Ananth - President, IFMR Trust, Chennai, India
  • Amit Shah - Founding Member, Wealth Management Team, IFMR Rural Finance

Other Titles in:
Economics | Financial Management

© 2013 | 250 pages | SAGE India
Financial Engineering for Low-Income Households is an edited compilation of articles that focus on using financial engineering-a multidisciplinary field that uses technical methods from the fields of finance, mathematics and economics-to design financial services for low-income households. The book aims to provide an understanding of the various risk-reward trade-offs facing low-income households and how principles of financial engineering can be best applied to understand and manage the complete suite of financial and non-financial assets, including human capital, insurance, annuities and loans.

This compilation connects the fundamental concepts in finance and financial engineering with the relatively new field of financial services delivery to low-income households. Its applied nature will help the reader grasp the implications of theoretical principles in finance on practical product-design considerations. It has several illustrations, caselets, and exercises to facilitate learning and in order to develop a full understanding of the underlying concepts.

The book will be a valuable tool for students and practitioners interested in the design and delivery of financial services to low-income households.

Foreword Dr Nachiket Mor
Preface  
 
I: INTRODUCTION
Universalizing Complete Access to Finance: Key Conceptual Issues Suyash Rai, Bindu Ananth and Nachiket Mor
 
II: BUILDING BLOCKS OF FINANCIAL ENGINEERING
Probability Distributions Bindu Ananth and Amit Shah
Preference Theory Bindu Ananth and Amit Shah
Asset Allocation, Portfolio Choice, and Capital Asset Pricing Model Bindu Ananth and Amit Shah
Basics of Credit Risk Vaibhav Anand
 
III: APPLICATIONS OF FINANCIAL ENGINEERING
Human Capital Bindu Ananth and Amit Shah
Life and Personal Accident Insurance Bindu Ananth and Amit Shah
Health Risk and Financing Swati Grewal
Longevity Risk Shilpa Sathe
Livestock Risk and Insurance Anupama Pant
Rainfall Risk and Insurance Alok Shukla
Lending to Low-Income Households and Enterprises Shilpa Sathe, Ratul Lahkar and Arun Kumar D
Commodity Price Risk and Financing Shweta Aggarwal
 
IV: CASE STUDY
Comprehensive Financial Plan for Jaya's Household Bindu Ananth, Amit Shah and Shilpa Sathe  
Appendices  
Index  

The book explores how banks may help common man in selecting right financial products…this volume provides invaluable insights….Case studies and a cogent illustration make this book useful enough for bank officials to have on their bookshelves.

The Financial World

The authors have successfully assembled the ideas from a vast variety of sources into one cogent and accessible volume. Chapterization of book and sequencing of articles is very apt...this book will be invaluable for students, researchers and practitioners interested in the design and delivery of financial services to low income households.

Journal of Rural Development, Vol 32, July- September 2013

The book is a valuable compilation connected with financial engineering...comprehends different risk-reward equations encountered by household with low-income...it offers a systematic approach towards building competencies in the frontline staff of all financial institutions...written in a simple way and can be referred to the CEO as well as fresh management graduate, the teller, the sales agent...it will be very useful for planners, economists and bankers.

Free Press Journal, 23 March 2014

[The book] highlights all the key issues, some of the leading practitioners from concerned stream have contributed to this book. This book will be a valuable tool from practitioners to students, who are interested in the design and delivery of financial services.

Sahara Time, 4 May 2013

Bindu Ananth

Bindu Ananth is currently the President of IFMR Trust. She worked with ICICI Bank in the microfinance practice between 2001 and 2005 and was head of the new product development group within the bank’s rural finance business in 2007. She is also the founder of Centre for Micro Finance, IFMR. Bindu has an undergraduate degree in Economics from Madras University and master’s degrees from Institute of Rural Management, Anand (IRMA) and Harvard University’s Kennedy School. She is a Fellow at the Global Economic Society. Bindu has published in Small Enterprise Development Journal, Economic and Political Weekly, OECD working paper series, FAI... More About Author

Amit Shah

Amit Shah is a founding member of Wealth Management team of IFMR Rural Finance since May 2009, where he has been closely involved with the design of a new type of rural financial institution called Kshetriya Gramin Financial Services (KGFS). Prior to joining IFMR, he was with HDFC Bank, working with the Credit Policy for Credit Cards & Merchant Acquiring Business for a year. Amit has a master’s degree in Rural Management from Institute of Rural Management Anand (IRMA) and is a Commerce undergraduate from PSG College of Arts & Science, Coimbatore. More About Author

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ISBN: 9788132109716

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