Intermediate Financial Theory

Author: Jean-Pierre Danthine
Publisher: Academic Press
ISBN: 0123868718
Format: PDF, Kindle
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Targeting readers with backgrounds in economics, Intermediate Financial Theory, Third Edition includes new material on the asset pricing implications of behavioral finance perspectives, recent developments in portfolio choice, derivatives-risk neutral pricing research, and implications of the 2008 financial crisis. Each chapter concludes with questions, and for the first time a freely accessible website presents complementary and supplementary material for every chapter. Known for its rigor and intuition, Intermediate Financial Theory is perfect for those who need basic training in financial theory and those looking for a user-friendly introduction to advanced theory. Completely updated edition of classic textbook that fills a gap between MBA- and PhD-level texts Focuses on clear explanations of key concepts and requires limited mathematical prerequisites Online solutions manual available Updates include new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, and a new chapter on asset management for the long-term investor

Financial Mathematics

Author: Giuseppe Campolieti
Publisher: CRC Press
ISBN: 1439892431
Format: PDF, Docs
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Versatile for Several Interrelated Courses at the Undergraduate and Graduate Levels Financial Mathematics: A Comprehensive Treatment provides a unified, self-contained account of the main theory and application of methods behind modern-day financial mathematics. Tested and refined through years of the authors’ teaching experiences, the book encompasses a breadth of topics, from introductory to more advanced ones. Accessible to undergraduate students in mathematics, finance, actuarial science, economics, and related quantitative areas, much of the text covers essential material for core curriculum courses on financial mathematics. Some of the more advanced topics, such as formal derivative pricing theory, stochastic calculus, Monte Carlo simulation, and numerical methods, can be used in courses at the graduate level. Researchers and practitioners in quantitative finance will also benefit from the combination of analytical and numerical methods for solving various derivative pricing problems. With an abundance of examples, problems, and fully worked out solutions, the text introduces the financial theory and relevant mathematical methods in a mathematically rigorous yet engaging way. Unlike similar texts in the field, this one presents multiple problem-solving approaches, linking related comprehensive techniques for pricing different types of financial derivatives. The book provides complete coverage of both discrete- and continuous-time financial models that form the cornerstones of financial derivative pricing theory. It also presents a self-contained introduction to stochastic calculus and martingale theory, which are key fundamental elements in quantitative finance.

Quantum Social Science

Author: Emmanuel Haven
Publisher: Cambridge University Press
ISBN: 1139851497
Format: PDF, Mobi
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Written by world experts in the foundations of quantum mechanics and its applications to social science, this book shows how elementary quantum mechanical principles can be applied to decision-making paradoxes in psychology and used in modelling information in finance and economics. The book starts with a thorough overview of some of the salient differences between classical, statistical and quantum mechanics. It presents arguments on why quantum mechanics can be applied outside of physics and defines quantum social science. The issue of the existence of quantum probabilistic effects in psychology, economics and finance is addressed and basic questions and answers are provided. Aimed at researchers in economics and psychology, as well as physics, basic mathematical preliminaries and elementary concepts from quantum mechanics are defined in a self-contained way.

Theoretical Foundations of Macroeconomic Policy

Author: Giovanni Di Bartolomeo
Publisher: Routledge
ISBN: 1317239407
Format: PDF
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The recent economic events driven by the great financial crisis of 2007-08 has challenged some "dogma", highlighting various limits and drawbacks of current paradigms. The crisis showed the limitations of monetary policy and led to a revaluation of what levels of public debt can be considered safe. This volume aims to refresh the debate on some important long-run macroeconomic issues from new and fresh perspectives. Theoretical Foundations of Macroeconomic Policy raises a number of questions relating to the challenges faced by macroeconomic theory and policies. The common line is the long run and policy perspective. The first part of the book is devoted to the theory of growth and productivity. The second part concentrates on long-run effects of fiscal and monetary policy. Specifically, topics investigated by the international range of authors are the theory of optimal growth, the productivity policies and production function estimations, demand- vs. supply- driven growth, optimal debt default and the incompleteness of financial markets, the long-run optimal inflation target and its relationship with public finance, the long term effects of government budget constraints on growth, and effect on optimal policies in non-market clearing environment. The book will be of interest to postgraduates, researchers, and academics studying macroeconomics and fiscal policies.

Intermediate Financial Management

Author: Eugene F. Brigham
Publisher: Cengage Learning
ISBN: 1111530262
Format: PDF, ePub, Mobi
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Trust Brigham/Daves' INTERMEDIATE FINANCIAL MANAGEMENT 11E, the only textbook written specifically for Intermediate or Advanced Corporate Finance courses to provide your students with a full understanding of both conceptual theories and practical financial skills. This comprehensive text from renowned author team Gene Brigham and Phillip Daves reinforces coverage from earlier corporate finance courses for a clear presentation, while providing new, progressive material to challenge even the most advanced learners. The authors use corporate valuation as a unifying theme to emphasize the theoretic groundwork for value maximization and the practical skills to analyze business decisions. You will find in-depth coverage of core issues and the most current coverage of topics that are reshaping finance today. The book's reader-friendly approach incorporates actual business examples and integrated cases as well as Excel spreadsheet models to demonstrate how financial theory in practice leads to solid financial decisions. A comprehensive support package reduces your preparation time and offers your students practice using Thomson ONE-Business School Edition, the same financial online database Wall Street professionals trust every day. New Aplia for Finance, the leading online homework management system, and CengageNOW course management software are both optional solutions and help further ensure your students remain First in Finance throughout your intermediate or advanced corporate finance course. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Behavioral Finance

Author: Michael Decker
Publisher: Diplomica Verlag
ISBN: 3836679256
Format: PDF, ePub, Mobi
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Die klassische Aktienanalyse soll es dem Anleger erm glichen, aufgrund verschiedener Techniken die zuk nftigen Kursbewegungen an den Aktienm rkten zu prognostizieren, um dadurch Gewinn zu erzielen. Diese prognostizierten Kursbewegungen sind jedoch meist nicht identisch mit den tats chlichen Kursverl ufen. Die Kurse bewegen sich oft sogar entgegen dem, was sich eigentlich aufgrund vorhandener wirtschaftlicher Daten h tte vermuten lassen. Eine Ursache hierf r ist, dass die Akteure an den Finanzm rkten h ufig einen wichtigen Faktor bei der Anlageentscheidung au er Acht lassen: der nicht immer rational handelnde Mensch. Mit diesem Faktor besch ftigt sich die Wissenschaft im Rahmen der Behavioral Finance Forschung. Das Wissen der Behavioral Finance Forschung kann den Kapitalmarktakteuren dabei helfen, Kursbewegungen unter v llig neuen Gesichtspunkten zu sehen. Ziel dieses Buch ist es, bei Kapitalmarktakteuren ein Verst ndnis f r m gliche Rationalit tsfallen an den B rsen zu schaffen, damit dieses Wissen dann gewinnbringend eingesetzt werden kann. Anf nglich werden die grundlegenden Kenntnisse der Behavioral Finance Forschung erkl rt, bevor in einem weiteren Abschnitt einzelne Teilbereiche der Sentimentanalyse erl utert werden. Bei der Sentimentanalyse geht es darum wie sich subjektive Stimmungen und Emotionen an den Finanzm rkten erkennen und damit quantifizieren lassen. Das Wissen dieser beiden Teilbereiche erm glicht es anwendbare Handelsstrategien herzuleiten. Dabei wird eine Verkn pfung zwischen einzelnen Bereichen der Sentimentanalyse und der Behavioral Finance Forschung hergestellt. Dieses Buch zeigt wie erfolgreich ein Einsatz neuer Handelsstrategien in der Vergangenheit gewesen w re und erkl ren deshalb auch warum sich jeder Kapitalmarktakteur mindestens in Grundlagen mit diesem Thema auseinander setzen sollte.

konometrie f r Dummies

Author: Roberto Pedace
Publisher: John Wiley & Sons
ISBN: 3527801529
Format: PDF, ePub
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?konometrie; nicht nur der Begriff ist etwas sperrig, auch die Inhalte erschlie?en sich nicht jedem sofort. Wichtig und interessant ist sie aber trotzdem. Roberto Pedace erkl?rt Ihnen, worum es in der ?konometrie geht, wie Sie Test-Hypothesen aufstellen und vieles mehr. Er erl?utert, wie Sie mit Regressionsmodellen arbeiten und mit diskreten und abh?ngigen Variablen umgehen. Gegen Ende des Buches geht er ?ber die Basismodelle hinaus und f?hrt Sie in statische und dynamische Modelle sowie die Kunst der Vorhersagen ein.

Principles of Financial Engineering

Author: Salih N. Neftci
Publisher: Academic Press
ISBN: 0125153945
Format: PDF, ePub, Docs
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Bestselling author Salih Neftci presents a fresh, original, informative, and up-to-date introduction to financial engineering. The book offers clear links between intuition and underlying mathematics and an outstanding mixture of market insights and mathematical materials. Also included are end-of-chapter exercises and case studies. In a market characterized by the existence of large pools of liquid funds willing to go anywhere, anytime in search of a few points of advantage, there are new risks. Lacking experience with these new risks, firms, governmental entities, and other investors have been surprised by unexpected and often disastrous financial losses. Managers and analysts seeking to employ these new instruments and strategies to make pricing, hedging, trading, and portfolio management decisions require a mature understanding of theoretical finance and sophisticated mathematical and computer modeling skills. Important and useful because it analyzes financial assets and derivatives from the financial engineering perspective, this book offers a different approach than the existing finance literature in financial asset and derivative analysis. Seeking not to introduce financial instruments but instead to describe the methods of synthetically creating assets in static and in dynamic environments and to show how to use them, his book complements all currently available textbooks. It emphasizes developing methods that can be used in order to solve risk management, taxation, regulation, and above all, pricing problems. This perspective forms the basis of practical risk management. It will be useful for anyone learning about practical elements of financial engineering. * Exercises and case studies at end of each chapter and on-line Solutions Manual provided * Explains issues involved in day-to-day life of traders, using language other than mathematics * Careful and concise analysis of the LIBOR market model and of volatility engineering problems

The Cost of Capital

Author: Seth Armitage
Publisher: Cambridge University Press
ISBN: 9780521000444
Format: PDF, ePub, Docs
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This book provides an answer to the question, 'What does the finance and economics literature say about the determination and estimation of a project's cost of capital?'. Uniquely, it reviews both the theory of asset pricing in discrete time and a range of more applied topics which relate to project valuation, including the effects of corporate and personal taxes, the international dimension, estimation of the cost of equity in practice, and the cost of capital for regulated utilities. It seeks to explain models and arguments in a way which does justice to the reasoning, whilst minimising the prior knowledge of finance and maths expected of the reader. It acts as a bridge between a general undergraduate or MBA text in finance, accounting or economics, and the modern theoretical literature on the cost of capital.

Allgemeine Theorie der Besch Ftigung des Zinses und des Geldes

Author: John Maynard Keynes
Publisher: Duncker & Humblot
ISBN: 342852912X
Format: PDF, Kindle
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"Die Lektüre von Keynes' Hauptwerk bereitete bisher gewisse Probleme. Das lag zum einen an der Organisation des Stoffes [...]. Der zweite Grund war die deutsche Übersetzung. Dass es besser geht, beweisen [...] Jürgen Kromphardt, Gründer der deutschen Keynes-Gesellschaft und ein früherer Wirtschaftsweiser, und Stephanie Schneider. Sie haben unzeitgemäße Ausdrücke ersetzt, die den Zugang zum Werk erschwert hatten, und sie besserten allerhand Übersetzungsfehler aus. [...] Also liest sich die neue Ausgabe leichter. Zudem bietet sie ein deutsch-englisches Lexikon volkswirtschaftlicher Begriffe und ein Symbolverzeichnis. Sie ist ein echter Gewinn." Reinhard Blomert, in: DIE ZEIT, März 2007Die neue 11. Auflage soll die Lesbarkeit von Keynes' Hauptwerk weiter erhöhen und sein Verständnis erleichtern. Deshalb wurde die Übersetzung erneut überarbeitet; außerdem wird von uns der Aufbau des Buches erläutert, damit der Stellenwert der einzelnen Kapitel und die Zusammenhänge zwischen ihnen leichter erkennbar werden.Jürgen Kromphardt und Stephanie Schneider