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Dynamics of Markets

Dynamics of Markets

The New Financial Economics

by Joseph L. McCauley
Hardback
Publication Date: 03/09/2009

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$109.95
This second edition presents the advances made in finance market analysis since 2005. The book provides a careful introduction to stochastic methods along with approximate ensembles for a single, historic time series. The new edition explains the history leading up to the biggest economic disaster of the 21st century. Empirical evidence for finance market instability under deregulation is given, together with a history of the explosion of the US Dollar worldwide. A model shows how bounds set by a central bank stabilized FX in the gold standard era, illustrating the effect of regulations. The book presents economic and finance theory thoroughly and critically, including rational expectations, cointegration and arch/garch methods, and replaces several of those misconceptions by empirically based ideas. This book will be of interest to finance theorists, traders, economists, physicists and engineers, and leads the reader to the frontier of research in time series analysis.
ISBN:
9780521429627
9780521429627
Category:
Physics
Format:
Hardback
Publication Date:
03-09-2009
Language:
English
Publisher:
Cambridge University Press
Country of origin:
United Kingdom
Edition:
2nd Edition
Dimensions (mm):
253x178x16mm
Weight:
0.72kg

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