Jean-Pierre Danthine, John B. Donaldson

Intermediate Financial Theory

• Gebundenes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Academic Press
• Artikelnr. des Verlages: C2010-0-68534-8
• 3. Aufl.
• Seitenzahl: 580
• Erscheinungstermin: 25. September 2014
• Englisch
• Abmessung: 246mm x 192mm x 43mm
• Gewicht: 1323g
• ISBN-13: 9780123865496
• ISBN-10: 0123865492
• Artikelnr.: 41241255

Autorenporträt

Jean-Pierre Danthine is Honorary Director of the Enterprise for Society Center (E4S), a center affiliated to UNIL-HEC, IMD and EPFL, of which he was Managing Director from its foundation in December 2019 until 30 April 2023. He is a Distinguished Research scholar at IMD and an honorary professor at the University of Lausanne and the EPFL (Ecole Polytechnique de Lausanne). From 2015 to 2021 he was President of the Paris School of Economics. From 2010 to 2015 he was a member of the Governing Board of the Swiss National Bank, of which he was Vice-Chairman from 2012. He was Managing Director of the Swiss Finance Institute from its foundation in 2006 until the end of 2009. Professor Danthine previously taught at Columbia University and held visiting appointments at CUNY Graduate Center, University of Southern California (Los Angeles), Université d'Aix-Marseille, Université Laval (Québec), as well as Universities of Toulon and Dijon. His publications have appeared in Econometrica, the Journal of Political Economy, the Review of Economic Studies, the Journal of Finance and other leading international journals.

Inhaltsangabe

1. Role of Financial Markets2. Challenges of Asset PricingII.3. Choices in Risky Situations4. Measuring Risk and Risk Aversion5. Risk Aversion and Investment Decisions, Part 16. Risk Aversion and Investment Decisions, Part 27. Risk Aversion and Investment Decisions, Part 3III.8. The CAPM9. Arrow-Debreu Pricing, Part I10. The Consumption Capital Asset Pricing Model (CCAPM)11. Arrow Debreu Pricing, Part IIIV.12. The Martingale Measure in Discrete Time, Part 113. The Martingale Measure in Discrete Time, Part 214. The APT15. Continuous Time Finance16. Portfolio Management in the Long Run17. Financial Structure and Firm Valuation in Incomplete MarketsV.18. Financial Equilibrium with Differential Information

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Part One: Introduction
1. On the Role of Financial Markets and Institutions
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
2. Finance in the 21st Century: Crisis and Sustainability
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
3. The Challenges of Asset Pricing: A Road Map
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
Part Two: The Demand for Financial Assets
4. Making Choices in Risky Situations
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
5. Measuring Risk and Risk Aversion
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
6. Risk Aversion and Investment Decisions, Part I: Subtitle?
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
7. Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
8. Risk Aversion and Investment Decisions, Part III: Challenges to
Implementation
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
Part 3: Equilibrium Pricing
9. The Capital Asset Pricing Model
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
10. Arrow-Debreu Pricing, Part I
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
11. The Consumption Asset Pricing Model, Part I
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
12. The Consumption Asset Pricing Model, Part II.
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
Part 4: Arbitrage Pricing
13. Arrow-Debreu Pricing, Part II
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
14. The Martingale Measure, Part I
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
15. The Martingale Measure, Part II
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
16. The Arbitrage Pricing Theory
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
Part 5: Topics
17. Safe Asset Shortage
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
18. Portfolio Management in the Long Run
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
19. Discounting, the Dice Model as a CAPM
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
20. Sustainable Finance
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
21. Selected Topics in Corporate Finance
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
22. Financial Equilibrium with Di_erential Information
Jean-Pierre Danthine, John B. Donaldson and Samuel Danthine
Web Chapters include:
Web chapter 1 supplements to Chapter 1: The Solow Growth Model
Web chapter 2 supplements to Chapter 2: The European Financial Crisis
Web chapter 4 supplements to Chapter 4: Advanced Topics on Preferences
Web chapter 5 supplements to Chapter 5: Excessive Risk Taking and Under
Risk Taking and Rabin’s argument
Web chapter 7 supplements to Chapter 7: More on the Demand for Assets and
Ambiguity
Web chapter 8 supplements to Chapter 8: On Mean Reversion
Web chapter 11 supplements to Chapter 11: Proof of Theorem 11.2, Corollary
11.1, and More on Aggregation
Web chapter 12 supplements to Chapter 12: Complements on Bayesian Updating
Web chapter 13 supplements to Chapter 13: Option Theory: A Refresher
Web chapter 15 supplements to Chapter 15: An Intuitive Overview of
Continuous Time Finance
Web chapter 16 supplements to Chapter 16: Total Factor Productivity Risk
Web chapter 17 supplements to Chapter 17: CCAPM and Bond Holding
Web chapter 18 supplements to Chapter 18: More on Variations on the
Risk-Free Rate
Web chapter 19 supplements to Chapter 19: More on Weitzman and DICE
Web chapter 21 supplements to Chapter 21: Zero Net Present Value Investment

Rezensionen

"This unique textbook presents classic models and new results in finance, skillfully couched within the more general framework of economic decision-making under uncertainty. Throughout, Danthine and Donaldson carefully balance the need for both intuition and technical detail." --Peter Ireland, Boston College