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.

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

Produktdetails

• Verlag: Academic Press
• Artikelnr. des Verlages: 48519885
• 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 professor of economics and finance at the University of Lausanne Switzerland), director of the International Center for Financial Asset Management and Engineering Lausanne & Geneva) and CEPR Research Fellow. The holder of a Ph.D. in economics from Carnegie-Mellon University and a M.S. in Economics from the University of Louvain, Professor DanthineI previously taught at 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. He is an Associate Editor of Macroeconomic Dynamics and Finance Research Letters; Chairman of the Scientific Council of the TCIP (Training Center for Investment Professionals); member of the Council of the European Economic Association, of the Scientific Councils of CEPREMAP (Paris), CREST (Paris), CREI (U. Pompeu Fabra, Barcelona) as well as the Fonds national de la recherche scientifique (Economics Commission - Belgium). He was also a member of the Executive Committee of the ICMB (Geneva).

Inhaltsangabe

1. Role of Financial Markets 2. Challenges of Asset Pricing II. 3. Choices in Risky Situations 4. Measuring Risk and Risk Aversion 5. Risk Aversion and Investment Decisions, Part 1 6. Risk Aversion and Investment Decisions, Part 2 7. Risk Aversion and Investment Decisions, Part 3 III. 8. The CAPM 9. Arrow-Debreu Pricing, Part I 10. The Consumption Capital Asset Pricing Model (CCAPM) 11. Arrow Debreu Pricing, Part II IV. 12. The Martingale Measure in Discrete Time, Part 1 13. The Martingale Measure in Discrete Time, Part 2 14. The APT 15. Continuous Time Finance 16. Portfolio Management in the Long Run 17. Financial Structure and Firm Valuation in Incomplete Markets V. 18. Financial Equilibrium with Differential Information

---

1. Role of Financial Markets
2. Challenges of Asset PricingII.
3. Choices in Risky Situations
4. Measuring Risk and Risk Aversion
5. Risk Aversion and Investment Decisions, Part 1
6. Risk Aversion and Investment Decisions, Part 2
7. Risk Aversion and Investment Decisions, Part 3III
8. The CAPM
9. Arrow-Debreu Pricing,Part I
10. The Consumption Capital Asset Pricing Model (CCAPM)
11. Arrow Debreu Pricing, Part IIIV.
12. The Martingale Measure in Discrete Time, Part 1
13. The Martingale Measure in Discrete Time, Part 2
14. The APT
15. Continuous Time Finance
16. Portfolio Management in the Long Run
17. Financial Structure and Firm Valuation in Incomplete MarketsV.
18. Financial Equilibrium with Differential Information

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

"This is an excellent book that introduces financial asset pricing theory as a natural extension of microeconomic and general equilibrium theory. The exposition of classic and recent results is clear, thorough and accessible to any economist or graduate student who has a good grounding in microeconomic theory. Having mastered this material the reader is well equipped to tackle the many variations of asset pricing models in the literature."
--Frank Milne, Queen's University, Professor of Economics and Finance

"This book is ideally suited to students wishing to gain a deeper understanding of the basic concepts of financial economics beyond those presented in a typical MBA program without having to deal with unnecessary mathematical details. The exposition is superb and enriching of intuition. The book, written by two of the professions leading experts, is unique."
-- Rajnish Mehra, Professor of Finance, University of California, Santa Barbara