The Economics of Financial Markets - Softcover

Bailey, Roy E.

Softcover

ISBN 10: 0521612802 ISBN 13: 9780521612807

Publisher: Cambridge University Press, 2005

Synopsis

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.

About this title

About the Author:

R. E. Bailey is Reader in Economics at the University of Essex. His main interests are in monetary economics, together with economic history and philosophy.

Review:

'This is a very well-written and thorough presentation of the key topics in financial economics - the book deserves to be widely adopted in support of courses in this dynamic area of teaching and research.' Peter Smith, University of York

'Roy Bailey has written a highly readable and comprehensive introduction to financial markets. He takes the reader carefully through relevant theories before describing how they relate to different financial markets. Students will benefit from Roy Bailey's rigorous but approachable style of writing.' Colin Mayer, Peter Moores Professor of Finance, Saïd Business School, University of Oxford

'Roy Bailey takes the rigourous economists approach and provides a detailed treatment of the underlying theoretical concepts. ... provides complete coverage of the important concepts involved.' The Times Higher Education Supplement

About this edition

• Publisher: Cambridge University Press
• Publication date: 2005
• ISBN 10: 0521612802
• ISBN 13: 9780521612807
• Binding: Paperback
• Number of pages: 550