Finance, Economy, Mathematics & Current Affairs through BICs: Introduction to BICs

Sunday, February 22, 2009

I am making my first post with an introduction to BICs that I have posted on my knol at:http://knol.google.com/k/phil-kongtcheu/introduction-to-basis-instruments/

This article provides a definition for the concept of Basis Instrument Contracts (BICs) and explains why such a concept is needed and useful in Finance, Economics and Mathematics. It explains how BICs are practical and represent both a prophylactic and a therapeutic structural tool for a crisis such as the 2008 crisis. BICs help mitigate market volatility and facilitate more robust risk management.

Welcome !

The blog is designed to share views on economics, finance and current affairs, mostly through the prism of BICs, a concept of central importance to finance, economics and mathematics developed starting in 2001 and that is viewed as of central relevance to address crisis situations such as the 2008-2009 financial and economic crisis.

BICs are also the subject of the book BICs 4 Derivatives Volume I : Theory

These foundational articles are often propedeutic on my views:

-Introduction to BICs

- The Wider Scope of BICs

-The Case for BICs

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-PPIP Fair Value Pricing - Government Market Making

-Estimating Asset Costs For PPIP & BICs

All the Knols

Posts here are initial gut reactions to various events in the news as they relate to BICs or other structured views.

The more reflected postings are usually in the form of knols