King William's Tontine - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook King William's Tontine write by Moshe A. Milevsky. This book was released on 2015-04-13. King William's Tontine available in PDF, EPUB and Kindle. In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one of the earliest forms of longevity insurance in which the pool shared the risk. Moshe A. Milevsky tells the story of the first tontine issued by the English government in 1693, known as King William's tontine, intended to finance the war against French King Louis XIV. He explains how tontines work, the financial and economic thinking behind them, as well as why they fell into disrepute. Milevsky concludes with a provocative argument that suitably modified tontines should be resurrected for twenty-first-century retirement income planning.
King William's Tontine
King William's Tontine - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook King William's Tontine write by Moshe A. Milevsky. This book was released on 2015-04-13. King William's Tontine available in PDF, EPUB and Kindle. The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
The Tontine: A History
The Tontine: A History - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Tontine: A History write by Andrew McDiarmid. This book was released on 2024-10-04. The Tontine: A History available in PDF, EPUB and Kindle. From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects. While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation. This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.
Epidemics considered with relation to their common nature, and to climate and civilization. In two lectures
Epidemics considered with relation to their common nature, and to climate and civilization. In two lectures - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Epidemics considered with relation to their common nature, and to climate and civilization. In two lectures write by Thomas Southwood SMITH. This book was released on 1856. Epidemics considered with relation to their common nature, and to climate and civilization. In two lectures available in PDF, EPUB and Kindle.
How to Build a Modern Tontine
How to Build a Modern Tontine - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How to Build a Modern Tontine write by Moshe Arye Milevsky. This book was released on 2022-06-07. How to Build a Modern Tontine available in PDF, EPUB and Kindle. This open access book introduces the modern tontine and its applications in retirement and decumulation. Personal financial management in the later stages of life presents unique challenges, and renowned retirement planning expert Dr. Milevsky proposes the modern tontine as a solution. With the goal of guiding professionals and retirees in more efficient decumulation, the book demonstrates how to build a modern tontine. It is technically oriented, employing a cookbook format, featuring R code, and examining retirement planning through a statistical lens. This how-to guide, which is a sequel to his 2020 book “Retirement Income Recipes in R”, will be invaluable for retirement planning professionals and advisors, as well as for PhD scholars in retirement planning, quantitative finance, and related fields. This book is open access.
