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The Economics of Financial Markets (2005)

2005 | 541 Pages | ISBN: 0521612802 | PDF | 3 MB

The Economics of Financial Markets presents a concise overview of capital markets, suitable for advanced undergraduates and for beginning graduate students in financial economics. Following a brief overview of financial markets–their microstructure and the randomness of stock market prices–this textbook explores how the economics of uncertainty can be applied to financial decision-making. Emphasis is placed on the economic principles underlying all financial markets, focusing on markets for equities, bonds, futures and options contracts.