Financial Markets Theory
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Financial Markets Theory
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Author : Emilio Barucci
language : en
Publisher: Springer
Release Date : 2017-06-08
Financial Markets Theory written by Emilio Barucci and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-08 with Mathematics categories.
This work, now in a thoroughly revised second edition, presents the economic foundations of financial markets theory from a mathematically rigorous standpoint and offers a self-contained critical discussion based on empirical results. It is the only textbook on the subject to include more than two hundred exercises, with detailed solutions to selected exercises. Financial Markets Theory covers classical asset pricing theory in great detail, including utility theory, equilibrium theory, portfolio selection, mean-variance portfolio theory, CAPM, CCAPM, APT, and the Modigliani-Miller theorem. Starting from an analysis of the empirical evidence on the theory, the authors provide a discussion of the relevant literature, pointing out the main advances in classical asset pricing theory and the new approaches designed to address asset pricing puzzles and open problems (e.g., behavioral finance). Later chapters in the book contain more advanced material, including on the role of information in financial markets, non-classical preferences, noise traders and market microstructure. This textbook is aimed at graduate students in mathematical finance and financial economics, but also serves as a useful reference for practitioners working in insurance, banking, investment funds and financial consultancy. Introducing necessary tools from microeconomic theory, this book is highly accessible and completely self-contained. Advance praise for the second edition: "Financial Markets Theory is comprehensive, rigorous, and yet highly accessible. With their second edition, Barucci and Fontana have set an even higher standard!"Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University "This comprehensive book is a great self-contained source for studying most major theoretical aspects of financial economics. What makes the book particularly useful is that it provides a lot of intuition, detailed discussions of empirical implications, a very thorough survey of the related literature, and many completely solved exercises. The second edition covers more ground and provides many more proofs, and it will be a handy addition to the library of every student or researcher in the field."Jaksa Cvitanic, Richard N. Merkin Professor of Mathematical Finance, Caltech "The second edition of Financial Markets Theory by Barucci and Fontana is a superb achievement that knits together all aspects of modern finance theory, including financial markets microstructure, in a consistent and self-contained framework. Many exercises, together with their detailed solutions, make this book indispensable for serious students in finance."Michel Crouhy, Head of Research and Development, NATIXIS
Theory Of Financial Markets
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Author : Jan Mossin
language : en
Publisher: Englewood Cliffs, N.J. : Prentice-Hall
Release Date : 1973
Theory Of Financial Markets written by Jan Mossin and has been published by Englewood Cliffs, N.J. : Prentice-Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Corporations categories.
Monograph on financial market theory and the economics of uncertainty - examines capital market phenomena and offers a theoretical framework for financial policy formulation and corporate investment decision making. References.
Financial Markets
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Author : Michael Koro
language : en
Publisher:
Release Date : 2019-08-08
Financial Markets written by Michael Koro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-08 with categories.
What is finance? What questions does it principally concern itself with answering? What are the underpinnings of the means by which it attempts to answer those questions? And what conclusions does it reach? Written with the thoughtful reader in mind, and in a manner not requiring any prior familiarity with finance or economics, this book addresses these important fundamental questions. While not written as a how-to guide to investing, in general or in specific asset classes or marketplaces, the thoughtful reader will come away with a widely applicable conceptual framework as to how to think about doing so in virtually any investment application. Its contents are those which underpin all such markets and, overtly or not, the actions of market participants across time. It is the foundation upon which our vast financial edifice is built. And, for these reasons, the book's two authors have found it to be a fascinating and worthwhile object of thought and attention for the past eighty combined years. The book is divided into two parts. The first, entitled "Foundations," spans the initial ten chapters and concerns itself with the theory that underpins virtually all financial markets, including: Default-Free and Risk-Free Assets; Mean-Variance Theory; the Capital Asset Pricing Model and its applications; Arbitrage Pricing Theory; the Finite State Approach to Modern Finance; and Valuation. The second part, entitled "Markets," explores these financial markets in detail by way of chapters individually dedicated to each, including: stock markets; bond markets; money markets; asset backed securities; futures and forward contracts; currency markets; options; swaps; and hedge and private equity funds. The book concludes with the exploration of select paradoxes in modern finance, with explanations proffered for their existence and perpetuation.
Financial Markets Theory
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Author : Emilio Barucci
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Financial Markets Theory written by Emilio Barucci and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathematically rigorous standpoint and to offer a self-contained critical discussion based on empirical results. Tools for understanding the economic analysis are provided, and mathematical models are presented in discrete time/finite state space for simplicity. Examples and exercises included.
Financial Markets Theory
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Author : Emilio Barucci
language : en
Publisher: Springer Science & Business Media
Release Date : 2002-12-11
Financial Markets Theory written by Emilio Barucci and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12-11 with Business & Economics categories.
A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathematically rigorous standpoint and to offer a self-contained critical discussion based on empirical results. Tools for understanding the economic analysis are provided, and mathematical models are presented in discrete time/finite state space for simplicity. Examples and exercises included.
Financial Markets Theory
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Author : Emilio Barucci
language : en
Publisher: Springer
Release Date : 2011-12-26
Financial Markets Theory written by Emilio Barucci and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-26 with Business & Economics categories.
A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathematically rigorous standpoint and to offer a self-contained critical discussion based on empirical results. Tools for understanding the economic analysis are provided, and mathematical models are presented in discrete time/finite state space for simplicity. Examples and exercises included.
Contemporary Money Banking And Financial Markets
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Author : Michael G. Hadjimichalakis
language : en
Publisher: McGraw-Hill/Irwin
Release Date : 1995
Contemporary Money Banking And Financial Markets written by Michael G. Hadjimichalakis and has been published by McGraw-Hill/Irwin this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Bancos categories.
Interest Rate Futures Markets And Capital Market Theory
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Author : Klaus Kobold
language : en
Publisher: Walter de Gruyter
Release Date : 2011-07-22
Interest Rate Futures Markets And Capital Market Theory written by Klaus Kobold and has been published by Walter de Gruyter this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-22 with Business & Economics categories.
Above all the study is intended to shed more light on the following questions: - the functioning of interest rate futures markets, - the behaviour and transactions of economic agents in these markets, -factors determining the results of transactionsin interest rate future markets. Above we argued that these markets emerged in an environment of fluctuating interest rates to provide traders in financial markets with an instrument to deal with the risk stemming from unexpected price changes. It will be this hedging aspect of interest rate futures markets on which the following research is concentrated. The main points to be investigated are: - to what extent interest rate risk is reduced or even abolished, - the effects of futures trading in interest-bearing securities on risk and return of single assets and portfolios, - the consequences on the situation of participants in capital markets, - optimal strategies to reduce the exposure to interest rate risk.
Chaos Nonlinear Dynamics In The Financial Markets
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Author : Robert R. Trippi
language : en
Publisher: Robert Trippi
Release Date : 1995
Chaos Nonlinear Dynamics In The Financial Markets written by Robert R. Trippi and has been published by Robert Trippi this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
Computer disk illustrates behavior of several of the chaotic processes discussed in text. Assists the user in viewing the change in a system from unstable to stable states.
The Efficient Market Theory And Evidence
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Author : Andrew Ang
language : en
Publisher: Now Publishers Inc
Release Date : 2011
The Efficient Market Theory And Evidence written by Andrew Ang and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
The Efficient Market Hypothesis (EMH) asserts that, at all times, the price of a security reflects all available information about its fundamental value. The implication of the EMH for investors is that, to the extent that speculative trading is costly, speculation must be a loser's game. Hence, under the EMH, a passive strategy is bound eventually to beat a strategy that uses active management, where active management is characterized as trading that seeks to exploit mispriced assets relative to a risk-adjusted benchmark. The EMH has been refined over the past several decades to reflect the realism of the marketplace, including costly information, transactions costs, financing, agency costs, and other real-world frictions. The most recent expressions of the EMH thus allow a role for arbitrageurs in the market who may profit from their comparative advantages. These advantages may include specialized knowledge, lower trading costs, low management fees or agency costs, and a financing structure that allows the arbitrageur to undertake trades with long verification periods. The actions of these arbitrageurs cause liquid securities markets to be generally fairly efficient with respect to information, despite some notable anomalies.