- 550 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
The Economics of Financial Markets
About this book
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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Information
Asset
market
microstructure
55
Spencer,
P.
D.
(2000),
The
Structure
and
Regulation
of
Financial
Markets
,
Oxford:
Oxford
University
Press.
Spulber,
D.
F.
(1999),
Market
Microstructure:
Intermediaries
and
the
Theory
of
the
Firm
,
Cambridge:
Cambridge
University
Press.
Table of contents
- Cover
- Half-Title
- Title
- Copyright
- Contents in brief
- Contents
- Figures
- 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
- 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
- Subject index
- Author index
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Yes, you can access The Economics of Financial Markets by Roy E. Bailey in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over 1.5 million books available in our catalogue for you to explore.