Overview
Focuses on the dynamic interaction of financial markets and economic activity?
Explores theories, dynamic models and empirical evidence?
Includes completely new section dedicated to the recent financial market meltdown of the years 2007-2009
Written for advanced undergraduate and graduate students in Finance and Economics as well as researchers in the fields
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Table of contents (24 chapters)
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Front Matter
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Money, Bonds and Economic Activity
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Front Matter
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The Credit Market and Economic Activity
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Front Matter
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The Stock Market and Economic Activity
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Front Matter
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Asset Pricing and Economic Activity
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Front Matter
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Foreign Exchange Market, Financial Instability and Economic Activity
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Front Matter
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Keywords
About this book
The financial market melt-down of the years 2007-2009 has posed great challenges for studies on financial economics. This financial economics text focuses on the dynamic interaction of financial markets and economic activity. The financial market to be studied here encompasses the money and bond market, credit market, stock market and foreign exchange market; economic activity includes the actions and interactions of firms, banks, households, governments and countries. The book shows how economic activity affects asset prices and the financial market, and how asset prices and financial market volatility and crises impact economic activity. The book offers extensive coverage of new and advanced topics in financial economics such as the term structure of interest rates, credit derivatives and credit risk, domestic and international portfolio theory, multi-agent and evolutionary approaches, capital asset pricing beyond consumption-based models, and dynamic portfolio decisions. Moreover a completely new section of the book is dedicated to the recent financial market meltdown of the years 2007-2009. Emphasis is placed on empirical evidence relating to episodes of financial instability and financial crises in the U.S. and in Latin American, Asian and Euro-area countries. Overall, the book explains what researchers and practitioners in the financial sector need to know about the financial-real interaction, and what practitioners and policy makers need to know about the financial market.
Authors and Affiliations
Bibliographic Information
Book Title: Asset Prices, Booms and Recessions
Book Subtitle: Financial Economics from a Dynamic Perspective
Authors: Willi Semmler
DOI: https://doi.org/10.1007/978-3-642-20680-1
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2011
Hardcover ISBN: 978-3-642-20679-5Published: 17 June 2011
Softcover ISBN: 978-3-642-43886-8Published: 14 October 2014
eBook ISBN: 978-3-642-20680-1Published: 15 June 2011
Edition Number: 3
Number of Pages: XI, 333
Topics: Macroeconomics/Monetary Economics//Financial Economics, Finance, general, Quantitative Finance, Economic Theory/Quantitative Economics/Mathematical Methods