Roy E. Bailey (University of Essex)

The Economics of Financial Markets

• Broschiertes Buch

Produktbeschreibung

The Economics of Financial Markets provides comprehensive cover of the economic principles underlying all financial markets, focusing on markets for equities, bonds, futures and options contracts. This textbook is suitable for advanced undergraduates and for beginning graduate students in financial economics.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 550
• Erscheinungstermin: 29. Februar 2016
• Englisch
• Abmessung: 246mm x 189mm x 29mm
• Gewicht: 1046g
• ISBN-13: 9780521612807
• ISBN-10: 0521612802
• Artikelnr.: 14732096

Autorenporträt

R. E. Bailey is Reader in Economics at the University of Essex. His main interests are in monetary economics, together with economic history and philosophy.

Inhaltsangabe

Preface; 1. Asset markets and asset prices; 2. Asset market microstructure; 3. Predictability of prices and market efficiency; 4. Decision making under uncertainty; 5. Portfolio selection: the mean-variance model; 6. The capital asset pricing model, CAPM; 7. Arbitrage; 8. Factor models and arbitrage pricing theory, APT; 9. Empirical appraisal of the CAPM; 10. Present value relationships and price variability; 11. Intertemporal choice and equity premium puzzle; 12. Bond markets and fixed-interest securities; 13. Term structure and interest rates; 14. Futures markets - fundamentals; 15. Futures markets - speculation and hedging; 16. Futures markets - applications; 17. Swap contracts and swap markets; 18. Options markets: fundamentals; 19. Options markets - price determination; 20. Options markets - applications.

Rezensionen

'This is a very well-written and thorough presentation of the key topics in financial economics - the book deserves to be widely adopted in support of courses in this dynamic area of teaching and research.' Peter Smith, University of York