The Economics of Financial Markets
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Product details:
- Publisher OUP USA
- Date of Publication 12 December 1996
- ISBN 9780195044072
- Binding Hardback
- No. of pages376 pages
- Size 241x165x31 mm
- Weight 667 g
- Language English
- Illustrations line figures, tables 0
Categories
Short description:
Provides a comprehensive introduction to the subject of financial markets for college level students.
MoreLong description:
Provides a comprehensive introduction to the subject of financial markets. Covers markets in central trading places like the New York Stock Exchange and the Chicago Board of Trade, and markets in non-central trading such as that in government bonds, foreign currencies, and over-the-counter stocks. Includes unique analyses of pricing of options and features, especially futures in Eurodollars.
This is the comprehensive introduction to financial markets from an economic perspective. It assumes a basic understanding of economics. The authors cover both markets that trade in central locations like the New York Stock Exchange and the Chicago Board of Trade, and also markets that trade by phone , computer terminal, etc., like bonds, foreign currency and securities traded on over-the-counter market. Also included are options and future markets, and the authors present and unique way of analysing the prices of these instruments, especially the pricing of futures in Eurodollars.
This well-written book, while important to library collections, will probably best be used as supplemental readings for most courses in finance or financial economics....As the subject penetrates further into the liberal arts colleges, the Houthakker/Williamson approach may be more widely used. An excellent supplemental work for upper-division undergraduates and graduates.
Table of Contents:
Introduction
The Place of Financial Markets in the Economy
The Supply of Securities
The Demand for Securities
Stock Trading and Market Efficiency
The determination of Equity Prices
Security Analysis
Options on Option Pricing
Futures Contracts and Futures Markets
Regulation of Financial markets
Future Prices