The economics of financial markets
by
Bailey, Roy E.
Title
:
The economics of financial markets
Author
:
Bailey, Roy E.
ISBN
:
9780521848275
9780521612807
Personal Author
:
Bailey, Roy E.
Publication Information
:
New York : Cambridge University Press, 2005.
Physical Description
:
xix, 528 p. ; 25 cm.
Contents
:
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 -- 7. Arbitrage -- 8. Factor models and the arbitrage pricing theory -- 9. Empirical appraisal of the CAPM and APT -- 10. Present value relationships and price variability -- 11. Intertemporal choice and the equity premium puzzle -- 12. Bond markets and fixed-interest securities -- 13. Term structure of interest rates -- 14. Futures markets I : fundamentals -- 15. Futures markets II : speculation and hedging -- 16. Futures markets III : applications -- 17. Swap contracts and swap markets -- 18. Options markets I : fundamentals -- 19. Options markets II : price determination -- 20. Options markets III : applications.
Abstract
:
"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 in detail, with analysis extended to the capital asset pricing model (CAPM)."--BOOK JACKET.
Subject Term
:
Capital market.
Stock exchanges.
Futures market.
| Library | Material Type | Item Barcode | Shelf Number | Copy |
|---|
| IIEMSA | General Books | 33168025430386 | 332.0415 B155E 2005 | 1 |