Springer Finance Textbooks

Financial Markets Theory

Equilibrium, Efficiency and Information

Authors: Barucci, Emilio

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  • Provides up-to-date economic perspective
  • The only book to assess the how the empirical testing of financial markets has motivated research
  • Ideal as a graduate textbook, with examples and exercises
  • Also suitable as a handbook for practitioners
  • Self-contained – tools for understanding the economic analysis are provided and mathematical models presented in discrete time/finite state space for simplicity
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eBook $59.99
price for USA in USD
  • ISBN 978-1-4471-0089-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.99
price for USA in USD
  • ISBN 978-1-4471-1093-4
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
About this Textbook

Financial Markets Theory presents classical asset pricing theory, a theory composed of milestones such as portfolio selection, risk aversion, fundamental asset pricing theorem, portfolio frontier, CAPM, CCAPM, APT, the Modigliani-Miller Theorem, no arbitrage/risk neutral evaluation and information in financial markets. Starting from an analysis of the empirical tests of the above theories, the author provides a discussion of the most recent literature, pointing out the main advancements within classical asset pricing theory and the new approaches designed to address open problems (e.g. behavioural finance). It is the only textbook 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. Financial Markets Theory is an advanced book, well-suited for a first graduate course in financial markets, economics or financial mathematics. It is self-contained and introduces topics in a setting accessible to economists and practitioners equipped with a basic mathematical background. For those not acquainted with standard microeconomic theory, the tools needed to follow the analysis are presented early in the book. The approach makes this a vital handbook for practitioners in insurance, banking, investment funds and financial consultancy, as well as an excellent graduate-reference textbook.

Table of contents (11 chapters)

Table of contents (11 chapters)

Buy this book

eBook $59.99
price for USA in USD
  • ISBN 978-1-4471-0089-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.99
price for USA in USD
  • ISBN 978-1-4471-1093-4
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Financial Markets Theory
Book Subtitle
Equilibrium, Efficiency and Information
Authors
Series Title
Springer Finance Textbooks
Copyright
2003
Publisher
Springer-Verlag London
Copyright Holder
Springer-Verlag London
eBook ISBN
978-1-4471-0089-8
DOI
10.1007/978-1-4471-0089-8
Softcover ISBN
978-1-4471-1093-4
Edition Number
1
Number of Pages
XII, 467
Topics