Financial Economics

Author : Antonio Mele
Publisher : MIT Press
Page : 1147 pages
File Size : 50,9 Mb
Release : 2022-11-22
Category : Business & Economics
ISBN : 9780262046848

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Financial Economics by Antonio Mele Pdf

A comprehensive reference for financial economics, balancing theoretical explanations, empirical evidence, and the practical relevance of knowledge in the field. This volume offers a comprehensive, integrated treatment of financial economics, tracking the major milestones in the field and providing methodological tools. Doing so, it balances theoretical explanations, empirical evidence, and practical relevance. It illustrates nearly a century of theoretical advances with a vast array of models, showing how real phenomena (and, at times, market practice) have helped economists reformulate existing theories. Throughout, the book offers examples and solved problems that help readers understand the main lessons conveyed by the models analyzed. The book provides a unique and authoritative reference for the field of financial economics. Part I offers the foundations of the field, introducing asset evaluation, information problems in asset markets and corporate finance, and methods of statistical inference. Part II explains the main empirical facts and the challenges these pose for financial economists, which include excess price volatility, market liquidity, market dysfunctionalities, and the countercyclical behavior of market volatility. Part III covers the main instruments that protect institutions against the volatilities and uncertainties of capital markets described in part II. Doing so, it relies on models that have become the market standard, and incorporates practices that emerged from the 2007–2008 financial crisis.

Author : Nikiforos T. Laopodis
Publisher : Routledge
Page : 787 pages
File Size : 40,9 Mb
Release : 2021-12-14
Category : Business & Economics
ISBN : 9781000506082

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Financial Economics and Econometrics by Nikiforos T. Laopodis Pdf

Financial Economics and Econometrics provides an overview of the core topics in theoretical and empirical finance, with an emphasis on applications and interpreting results. Structured in five parts, the book covers financial data and univariate models; asset returns; interest rates, yields and spreads; volatility and correlation; and corporate finance and policy. Each chapter begins with a theory in financial economics, followed by econometric methodologies which have been used to explore the theory. Next, the chapter presents empirical evidence and discusses seminal papers on the topic. Boxes offer insights on how an idea can be applied to other disciplines such as management, marketing and medicine, showing the relevance of the material beyond finance. Readers are supported with plenty of worked examples and intuitive explanations throughout the book, while key takeaways, ‘test your knowledge’ and ‘test your intuition’ features at the end of each chapter also aid student learning. Digital supplements including PowerPoint slides, computer codes supplements, an Instructor’s Manual and Solutions Manual are available for instructors. This textbook is suitable for upper-level undergraduate and graduate courses on financial economics, financial econometrics, empirical finance and related quantitative areas.

Author : Stephen F. LeRoy,Jan Werner
Publisher : Cambridge University Press
Page : 301 pages
File Size : 53,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780521584340

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Principles of Financial Economics by Stephen F. LeRoy,Jan Werner Pdf

Financial economics, and the calculations of time and uncertainty derived from it, are playing an increasingly important role in non-finance areas, such as monetary and environmental economics. In this 2001 book, Professors Le Roy and Werner supply a rigorous yet accessible graduate-level introduction to this subfield of microeconomic theory and general equilibrium theory. Since students often find the link between financial economics and equilibrium theory hard to grasp, they devote less attention to purely financial topics such as calculation of derivatives, while aiming to make the connection explicit and clear in each stage of the exposition. Emphasis is placed on detailed study of two-date models, because almost all of the key ideas in financial economics can be developed in the two-date setting. In addition to rigorous analysis, substantial sections of discussion and examples are included to make the ideas readily understandable.

Author : Frank J. Fabozzi,Edwin H. Neave,Guofu Zhou
Publisher : Wiley Global Education
Page : 774 pages
File Size : 51,6 Mb
Release : 2012-04-13
Category : Business & Economics
ISBN : 9781118213452

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Financial Economics by Frank J. Fabozzi,Edwin H. Neave,Guofu Zhou Pdf

Financial Economics, by Frank Fabozzi, Ted Neave, and Gaofu Zhou, presents an introduction to basic financial ideas through a strong grounding in microeconomic theory. This calculus based text explores the theoretical framework for analyzing the decisions by individuals and managers of firms, an area which is coming to both financial economics and microeconomics. It also explores the interplay of these decisions on the prices of financial assets. The authors provide rigorous coverage aimed at assisting the undergraduate and masters-level students to better understand the principles and practical application of financial economic theory. In addition, the book serves as a supplemental reference for doctoral students in economics and finance, as well as for practitioners who are interested in knowing more about the theory and intuition behind many coming practices in finance. In short, the book focuses on economic principles and on putting these principles to work in the various fields of finance - financial management, investment management, risk management, and asset and derivatives pricing.

Author : Thorsten Hens,Marc Oliver Rieger
Publisher : Springer Science & Business Media
Page : 377 pages
File Size : 41,7 Mb
Release : 2010-07-01
Category : Business & Economics
ISBN : 9783540361480

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Financial Economics by Thorsten Hens,Marc Oliver Rieger Pdf

Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a source for recent results in behavioral finance and decision theory.

Author : Jürgen Eichberger
Publisher : Oxford University Press, USA
Page : 284 pages
File Size : 47,5 Mb
Release : 1997
Category : Business & Economics
ISBN : 0198775407

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Financial Economics by Jürgen Eichberger Pdf

Numerous examples and diagrams illustrate the key arguments, and the main chapters are followed by guides to the relevant literature and exercises for students.

Author : Chris Jones
Publisher : Routledge
Page : 336 pages
File Size : 43,5 Mb
Release : 2008-02-05
Category : Business & Economics
ISBN : 9781134185672

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Financial Economics by Chris Jones Pdf

Whilst many undergraduate finance textbooks are largely descriptive in nature, the economic analysis in most graduate texts is too advanced for latter year undergraduates. This book bridges the gap between these two extremes, offering a textbook that studies economic activity in financial markets, focusing on how consumers determine future consumption and on the role of financial securities. Areas covered in include: an examination of the role of finance in the economy using basic economic principles, eventually progressing to introductory graduate analysis a microeconomic study of capital asset pricing when there is risk, inflation, taxes and asymmetric information an emphasis on economic intuition using geometry to explain formal analysis an extended treatment of corporate finance and the evaluation of public policy.

Author : Harry H. Panjer
Publisher : Society of Actuaries
Page : 712 pages
File Size : 42,6 Mb
Release : 1998
Category : Business & Economics
ISBN : UOM:39015060919167

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Financial Economics by Harry H. Panjer Pdf

Author : Paolo Brandimarte
Publisher : John Wiley & Sons
Page : 501 pages
File Size : 40,6 Mb
Release : 2013-06-06
Category : Mathematics
ISBN : 9781118625576

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Numerical Methods in Finance and Economics by Paolo Brandimarte Pdf

A state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this development, Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition bridges the gap between financial theory and computational practice while showing readers how to utilize MATLAB?--the powerful numerical computing environment--for financial applications. The author provides an essential foundation in finance and numerical analysis in addition to background material for students from both engineering and economics perspectives. A wide range of topics is covered, including standard numerical analysis methods, Monte Carlo methods to simulate systems affected by significant uncertainty, and optimization methods to find an optimal set of decisions. Among this book's most outstanding features is the integration of MATLAB?, which helps students and practitioners solve relevant problems in finance, such as portfolio management and derivatives pricing. This tutorial is useful in connecting theory with practice in the application of classical numerical methods and advanced methods, while illustrating underlying algorithmic concepts in concrete terms. Newly featured in the Second Edition: * In-depth treatment of Monte Carlo methods with due attention paid to variance reduction strategies * New appendix on AMPL in order to better illustrate the optimization models in Chapters 11 and 12 * New chapter on binomial and trinomial lattices * Additional treatment of partial differential equations with two space dimensions * Expanded treatment within the chapter on financial theory to provide a more thorough background for engineers not familiar with finance * New coverage of advanced optimization methods and applications later in the text Numerical Methods in Finance and Economics: A MATLAB?-Based Introduction, Second Edition presents basic treatments and more specialized literature, and it also uses algebraic languages, such as AMPL, to connect the pencil-and-paper statement of an optimization model with its solution by a software library. Offering computational practice in both financial engineering and economics fields, this book equips practitioners with the necessary techniques to measure and manage risk.

Author : Kristen Girard Golomb
Publisher : Mark Twain Media
Page : 64 pages
File Size : 49,8 Mb
Release : 2012-01-03
Category : Juvenile Nonfiction
ISBN : 9781580376648

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Economics and You, Grades 5 - 8 by Kristen Girard Golomb Pdf

Make economics easy for students in grades 5 and up using Economics and You! This 64-page book features an in-depth, real-world simulation activity that reinforces economic and math concepts while introducing students to the consumer world. Students learn how to balance a checkbook, calculate interest, develop a budget, buy a car, and file taxes.

Author : Mehmet Huseyin Bilgin,Hakan Danis,Ender Demir,Ugur Can
Publisher : Springer
Page : 346 pages
File Size : 52,8 Mb
Release : 2018-03-30
Category : Business & Economics
ISBN : 9783319762883

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Consumer Behavior, Organizational Strategy and Financial Economics by Mehmet Huseyin Bilgin,Hakan Danis,Ender Demir,Ugur Can Pdf

This volume presents selected articles from the 21st Eurasia Business and Economics Society (EBES) Conference, which was held in Budapest (Hungary) in 2017. The theoretical and empirical papers in this volume cover various areas of business, economics, and finance from a diverse range of regions. In particular, this volume focuses on the latest trends in consumer behavior, new questions in the development of organizational strategy, and the interaction of financial economics with industrial economics and policy.

Author : Chi-fu Huang,Robert H. Litzenberger
Publisher : Unknown
Page : 394 pages
File Size : 46,5 Mb
Release : 1988
Category : Business & Economics
ISBN : STANFORD:36105111322934

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Foundations for Financial Economics by Chi-fu Huang,Robert H. Litzenberger Pdf

Based on formal derivations of financial theory, this volume provides a rigorous exploration of individual's consumption and portfolio decisions under uncertainty. Features in-depth coverage of such topics as: concepts of risk aversion and stochastic dominance; mathematical properties of a portfolio frontier; distributional conditions for mutual fund separation; capital asset pricing models and arbitrage pricing models; general pricing rules for securities that pay off in more than one state of nature; the pricing of options; rational expectation models of risky asset prices; signaling models; how multiperiod dynamic economies can be modeled; a multiperiod economy with emphasis on valuation by arbitrage; econometric issues associated with testing capital asset pricing models.

Author : Igor V. Evstigneev,Thorsten Hens,Klaus Reiner Schenk-Hoppé
Publisher : Springer
Page : 224 pages
File Size : 48,8 Mb
Release : 2015-05-15
Category : Business & Economics
ISBN : 9783319165714

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Mathematical Financial Economics by Igor V. Evstigneev,Thorsten Hens,Klaus Reiner Schenk-Hoppé Pdf

This textbook is an elementary introduction to the key topics in mathematical finance and financial economics - two realms of ideas that substantially overlap but are often treated separately from each other. Our goal is to present the highlights in the field, with the emphasis on the financial and economic content of the models, concepts and results. The book provides a novel, unified treatment of the subject by deriving each topic from common fundamental principles and showing the interrelations between the key themes. Although the presentation is fully rigorous, with some rare and clearly marked exceptions, the book restricts itself to the use of only elementary mathematical concepts and techniques. No advanced mathematics (such as stochastic calculus) is used.

Author : Satya R. Chakravarty
Publisher : Anthem Press
Page : 314 pages
File Size : 53,8 Mb
Release : 2014-11-01
Category : Business & Economics
ISBN : 9781783083367

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An Outline of Financial Economics by Satya R. Chakravarty Pdf

“An Outline of Financial Economics” presents a systematic treatment of the theory and methodology of finance and economics. The book follows an analytical and geometric methodology, explaining technical terms and mathematical operations in clear, non-technical language, and providing intuitive explanations of the mathematical results. The text begins with a discussion of financial instruments, which form the basis of finance theory, and goes on to analyze bonds – which are regarded as fixed income securities – in a simple framework, and to discuss the valuation of stocks and cash flows in detail. Highly relevant topics such as attitudes toward risk, uncertainty, the financial structure of a firm, stochastic dominance, portfolio management, option pricing and conditions for non-arbitrage are analyzed explicitly. Because of its wide coverage and analytical, articulate and authoritative presentation, “An Outline of Financial Economics” will be an indispensable book for finance researchers and undergraduate and graduate students in fields such as economics, finance, econometrics, statistics and mathematics.

Author : William L. Megginson
Publisher : Oxford University Press
Page : 544 pages
File Size : 48,5 Mb
Release : 2005-01-13
Category : Business & Economics
ISBN : 0198034318

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The Financial Economics of Privatization by William L. Megginson Pdf

Since 1981, over 100 governments around the world have raised over $1 trillion through the sale of SOEs to private investors. Privatization programs have transformed the role of the state in virtually all-major economies, and have massively increased the capitalization and liquidity of all non-U.S. stock markets. The focus of this book lies on where privatization stands today and what are the next frontiers, the why and how behind countries who privatize certain industries, whether privatization works as an economic tool and important insights relevant to financial institutions such as how to value privatized industries, how share offerings differ from private offerings, and how countries go about harnessing private capital. The book will also represent a key and unique source for information related to the details of asset sales privatization, a summary of statistics of privatized companies from 54 international stock exchanges, regulatory changes and sources for privatization information for investors, government officials, bankers and financial specialists. The volume will serve as an invaluable reference for professionals and as a core or supplementary text in privatization courses.