The Economics of Financial Markets

Author: Roy E. Bailey

Publisher: Cambridge University Press

ISBN: 1139444891

Category: Business & Economics

Page: 548

View: 1944

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The Economics of Financial Markets presents a concise overview of capital markets, suitable for advanced undergraduates and for beginning graduate students in financial economics. Following a brief overview of financial markets - their microstructure and the randomness of stock market prices - this textbook explores how the economics of uncertainty can be applied to financial decision-making. The mean-variance model of portfolio selection is discussed, with analysis extended to the capital asset pricing model (CAPM). Arbitrage plays a pivotal role in finance and is studied in a variety of contexts, including the APT model of asset prices. Methods for the empirical evaluation of CAPM and APT are also discussed, together with the volatility of asset prices, the intertemporal CAPM and the equity premium puzzle. An analysis of bond contracts leads into an assessment of theories of the term structure of interest rates. Finally, financial derivatives are explored, focusing on futures and options contracts.
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Financialization

The Economics of Finance Capital Domination

Author: Thomas I. Palley

Publisher: Palgrave Macmillan

ISBN: 1137265833

Category: Business & Economics

Page: 248

View: 6079

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This book explores the process of financialization whereby economies are increasingly dominated by finance capital. This process is characterized by rising income inequality, wage stagnation, increased indebtedness, a rising financial sector share of profits, and tendencies to generate asset price bubbles. The financial crisis of 2008 and the subsequent recession and stagnation represent the latest phase. The book provides a comprehensive treatment of these developments, beginning with a presentation of the empirical evidence. That is followed by economic theory chapters dealing with the macroeconomics of financialization, business cycle effects; microeconomic developments; tendencies toward Minsky-style economic instability; and economic growth effects. The final section of the book focuses on the political economy of financialization and policies to stabilize financial markets.
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Handbook of the Economics of Finance

Financial Markets and Asset Pricing

Author: G. Constantinides,Rene M. Stulz,M. Harris

Publisher: Elsevier

ISBN: 9780080495088

Category: Business & Economics

Page: 694

View: 3394

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Volume 1B covers the economics of financial markets: the saving and investment decisions; the valuation of equities, derivatives, and fixed income securities; and market microstructure.
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The Economics of Financial Markets

Author: Hendrik S. Houthakker,Peter J. Williamson

Publisher: Oxford University Press on Demand

ISBN: 019504407X

Category: Business & Economics

Page: 361

View: 8220

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This book puts economics to work on the daily problems faced by investors, traders, speculators and brokers as they wrestle with increasingly complex financial markets. Drawing on data direct from the financial behavior of households, corporations, and governments, through to the prices of individual securities, the authors show how accessible but rigorous economics can help the players make sense of the hour-by-hour reality of the way financial markets move. Many of the twists and turns that might seem random at first sight are, they contend, rational and often predictable. But inefficiencies do exist, and the authors also demonstrate how these can become unique profit opportunities. By bringing together information on the daily workings of financial markets with the concepts and tools of economics, Houthakker and Williamson have provided a valuable resource for practitioners and students alike.
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Handbook of the Economics of Finance

Corporate Finance

Author: George M. Constantinides,M. Harris,Rene M. Stulz

Publisher: Elsevier

ISBN: 9780080495071

Category: Business & Economics

Page: 654

View: 375

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Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they obtain capital - the financing decision. Though managers play no independent role in the work of Miller and Modigliani, major contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it is therefore necessary to understand the forces that lead managers to maximize the wealth of shareholders.
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The Economics of Money, Banking, and Financial Markets

Author: Frederic S. Mishkin

Publisher: Pearson Education

ISBN: 9780321454225

Category: Banks and banking

Page: 716

View: 9194

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Economics of Money, Banking, and Financial Markets heralded a dramatic shift in the teaching of the money and banking course in its first edition, and today it is still setting the standard. By applying an analytical framework to the patient, stepped-out development of models, Frederic Mishkin draws students into a deeper understanding of modern monetary theory, banking, and policy. His landmark combination of common sense applications with current, real-world events provides authoritative, comprehensive coverage in an informal tone students appreciate.
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The Economics of Money, Banking and Financial Markets, Fifth Canadian Edition,

Author: Frederic S. Mishkin,Apostolos Serletis

Publisher: Pearson Education Canada

ISBN: 0321890000

Category: Business & Economics

Page: 768

View: 5907

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The Economics of Money, Banking, and Financial Markets provides a unifying and analytic framework that uses basic economic principles to organize students’ thinking about the structure of financial markets, the foreign exchange markets, financial institution management, and the role of monetary policy in the economy. Note: MyEconLab is not included with the purchase of this product.
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The Economics of Money, Banking and Financial Markets, Sixth Canadian Edition

Author: Frederic S. Mishkin,Apostolos Serletis

Publisher: N.A

ISBN: 9780133897388

Category:

Page: N.A

View: 1066

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The Economics of Money, Banking, and Financial Markets provides a unifying and analytic framework that uses basic economic principles to organize students' thinking about the structure of financial markets, the foreign exchange markets, financial institution management, and the role of monetary policy in the economy. Note: You are purchasing a standalone product; MyEconLab does not come packaged with this content. Students, if interested in purchasing this title with MyEconLab, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyEconLab, search for: 0134376935 / 9780134376936 The Economics of Money, Banking and Financial Markets, Sixth Canadian Edition Plus MyEconLab with Pearson eText -- Access Card Package Package consists of: 0133897389 / 9780133897388 The Economics of Money, Banking and Financial Markets, Sixth Canadian Edition 0134323432 / 9780134323435 NEW MyEconLab with Pearson eText -- Valuepack Access Card -- for The Economics of Money, Banking and Financial Markets, Sixth Canadian Edition
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Analyzing the Economics of Financial Market Infrastructures

Author: Martin Diehl,Biliana Alexandrova-Kabadjova,Richard Heuver

Publisher: Business Science Reference

ISBN: 9781466687455

Category: Business & Economics

Page: 440

View: 3463

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The prosperity and stability of any economic structure is reliant upon a foundation of secure systems that regulate the movement of money across the globe. These structures have become an integral part of contemporary society by reducing monetary risk and increasing financial security. Analyzing the Economics of Financial Market Infrastructures is a pivotal reference source for the latest scholarly research on the current developments in financial systems and how these processes are evolving due to new regulations and technical advances. Featuring extensive coverage on a range of relevant topics on payment systems, central securities depositories, central counterparties, and trade repositories, this book is an essential reference source for professionals in the financial sector, analysts, IT professionals, and academicians concerned with emerging research on financial markets. This book features timely, research-based chapters on a variety of crucial topics including, but not limited to, payment timing, multi-layer networks, transaction simulations, payment system analysis, and regulation of financial marketplaces.
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