Financial Markets and the Real Economy PDF Download
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Author: John H. Cochrane
Publisher: Now Publishers Inc
ISBN: 1933019158
Category : Business & Economics
Languages : en
Pages : 117
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Book Description
Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.
Author: John H. Cochrane
Publisher: Now Publishers Inc
ISBN: 1933019158
Category : Business & Economics
Languages : en
Pages : 117
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Book Description
Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.
Author: Laurence B. Siegel
Publisher: CFA Institute Research Foundation
ISBN: 1944960325
Category : Business & Economics
Languages : en
Pages : 69
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Book Description
Research into the equity risk premium, often considered the most important number in finance, falls into three broad groupings. First, researchers have measured the margin by which equity total returns have exceeded fixed-income or cash returns over long historical periods and have projected this measure of the equity risk premium into the future. Second, the dividend discount model—or a variant of it, such as an earnings discount model—is used to estimate the future return on an equity index, and the fixed-income or cash yield is then subtracted to arrive at an equity risk premium expectation or forecast. Third, academics have used macroeconomic techniques to estimate what premium investors might rationally require for taking the risk of equities. Current thinking emphasizes the second, or dividend discount, approach and projects an equity risk premium centered on 3½% to 4%.
Author: R. Nandagopal
Publisher: Excel Books India
ISBN: 9788174465832
Category : Banks and banking
Languages : en
Pages : 316
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Book Description
Emerging Financial Markets' is organized into three sections namely; *) Financial Markets & Instruments, *) Behavioural Finance , *) Banking . The areas covered are Private Banking, Banking, Mutual Funds, Capital Markets, Fixed Income Securities, Behavioral Finance, Insurance, Derivatives and Risk Management. The topics covered will be of use to researchers, managers and consultants. This book will contribute significantly towards the knowledge base and research.
Author: Wayne Ferson
Publisher: MIT Press
ISBN: 0262039370
Category : Business & Economics
Languages : en
Pages : 497
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Book Description
An introduction to the theory and methods of empirical asset pricing, integrating classical foundations with recent developments. This book offers a comprehensive advanced introduction to asset pricing, the study of models for the prices and returns of various securities. The focus is empirical, emphasizing how the models relate to the data. The book offers a uniquely integrated treatment, combining classical foundations with more recent developments in the literature and relating some of the material to applications in investment management. It covers the theory of empirical asset pricing, the main empirical methods, and a range of applied topics. The book introduces the theory of empirical asset pricing through three main paradigms: mean variance analysis, stochastic discount factors, and beta pricing models. It describes empirical methods, beginning with the generalized method of moments (GMM) and viewing other methods as special cases of GMM; offers a comprehensive review of fund performance evaluation; and presents selected applied topics, including a substantial chapter on predictability in asset markets that covers predicting the level of returns, volatility and higher moments, and predicting cross-sectional differences in returns. Other chapters cover production-based asset pricing, long-run risk models, the Campbell-Shiller approximation, the debate on covariance versus characteristics, and the relation of volatility to the cross-section of stock returns. An extensive reference section captures the current state of the field. The book is intended for use by graduate students in finance and economics; it can also serve as a reference for professionals.
Author: Richard A. Brealey
Publisher: MIT Press (MA)
ISBN:
Category : Investment analysis
Languages : en
Pages : 168
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Book Description
Author: Luc Bauwens
Publisher: Springer Science & Business Media
ISBN: 3790819921
Category : Business & Economics
Languages : en
Pages : 310
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Book Description
Shedding light on some of the most pressing open questions in the analysis of high frequency data, this volume presents cutting-edge developments in high frequency financial econometrics. Coverage spans a diverse range of topics, including market microstructure, tick-by-tick data, bond and foreign exchange markets, and large dimensional volatility modeling. The volume is of interest to graduate students, researchers, and industry professionals.
Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Legislative hearings
Languages : en
Pages : 1776
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Book Description
Author: Andrei Shleifer
Publisher: OUP Oxford
ISBN: 0191606898
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.
Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 138
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Book Description
Author: Alexandre Dumas
Publisher: e-artnow
ISBN: 8026851269
Category : Fiction
Languages : en
Pages : 6872
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Book Description
This carefully crafted ebook: "ALEXANDRE DUMAS Premium Collection - 27 Novels in One Volume: The Three Musketeers Series, The Marie Antoinette Novels, The Count of Monte Cristo, The Valois Trilogy and more (Illustrated)" is formatted for your eReader with a functional and detailed table of contents: The D'Artagnan Romances The Three Musketeers Twenty Years After The Vicomte of Bragelonne Ten Years Later Louise da la Valliere The Man in the Iron Mask The Valois Trilogy Queen Margot (Marguerite de Valois) Chicot de Jester: La Dame de Monsoreau The Forty-Five Guardsmen The Memoirs of a Physician - Marie Antoinette Series Joseph Balsamo: The Magician The Mesmerist's Victim: Andrea de Taverney The Queen's Necklace Taking the Bastile: Ange Pitou The Countess de Charny: The Execution of King Louis XVI Other Novels The Count of Monte Cristo The Conspirators: The Chevalier d'Harmental The Regent's Daughter The Hero of the People The Royal Life-Guard Captain Paul The Sicilian Bandit The Corsican Brothers The Companions of Jehu The Wolf Leader The Black Tulip The Last Vendee The Prussian Terror Essays & Biography: A Gossip on a Novel of Dumas's by Robert Louis Stevenson Alexandre Dumas from ESSAYS IN LITTLE by Andrew Lang ALEXANDRE DUMAS by Adolphe Cohn Alexandre Dumas, père (1802-1870) was a French writer whose works have been translated into nearly 100 languages and he is one of the most widely read French authors. His most famous works are The Count of Monte Cristo and The Three Musketeers.
