Asset Prices, Booms and Recessions

Financial Economics from a Dynamic Perspective

Authors: Semmler, Willi

  • 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
see more benefits

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-642-20680-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-642-20679-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • ISBN 978-3-642-43886-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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.

In this 3rd edition, Semmler has expanded further his excellent book that integrates real and financial activity. The new edition contains a whole new part consisting of four chapters as well as updates of the earlier chapters.

Carl Chiarella, Professor of Quantitative Finance, The University of Technology, Sydney

Table of contents (24 chapters)

  • Introduction

    Semmler, Willi

    Pages 1-6

  • Money, Bonds and Interest Rates

    Semmler, Willi

    Pages 9-15

  • Term Structure of Interest Rates

    Semmler, Willi

    Pages 17-24

  • Theories on Credit Market, Credit Risk and Economic Activity

    Semmler, Willi

    Pages 27-48

  • Empirical Tests on Credit Market and Economic Activity

    Semmler, Willi

    Pages 49-76

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-642-20680-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-642-20679-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • ISBN 978-3-642-43886-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Asset Prices, Booms and Recessions
Book Subtitle
Financial Economics from a Dynamic Perspective
Authors
Copyright
2011
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-20680-1
DOI
10.1007/978-3-642-20680-1
Hardcover ISBN
978-3-642-20679-5
Softcover ISBN
978-3-642-43886-8
Edition Number
3
Number of Pages
XI, 333
Topics