The past decade has witnessed breakthroughs in the understanding of the wave localization phenomena and its implications for wave multiple scattering in inhomogeneous media. This book brings together review articles written by noted researchers in this field in a tutorial manner so as to give the readers a coherent picture of its status. It would be valuable both as an up-to-date reference for active researchers as well as a readable source for students looking to gain an understanding of the latest results.Contents:The Localization of Waves in Disordered Media (S John)Experiments on Weak Localization of Light and their Interpretation (M P van Albada et al.)Wave Diffusion and Localization in Random Composites (Z-Q Zhang & P Sheng)Novel Correlations and Fluctuations in Speckle Patterns (S Feng)Fluctuations, Correlation and Average Transport of Electromagnetic Radiation in Random Media (A Z Genack)Dynamical Correlations of Multiply-Scattered Light (D J Pine et al.)Anderson Localization of the Classical Electromagnetic Waves in a Disordered Dielectric Medium (K Arya et al.)Optical Localization: Calculational Techniques and Results (C M Soukoulis & E N Economou)Localization of Acoustic Waves (C A Condat & T R Kirkpatrick)Localization of Surface Gravity Waves on a Random Bottom (M Belzons et al.)Wave Localization and Multiple Scattering in Randomly Layered Media (P Sheng et al.)Readership: Condensed matter physicists, mathematicians, geophysicists, optical & acoustic scientists and fluid dynamicists.Key Features:A distinctive focus on credit risk related topics that are relevant for academics, policymakers and practitionersAn annual update on global credit market dynamics and financial regulationRigorous theoretical and empirical research in the field of credit risk and credit markets with clear practical implications