Asset Prices, Booms and Recessions: Financial Economics from a Dynamic Perspective / Edition 2

Asset Prices, Booms and Recessions: Financial Economics from a Dynamic Perspective / Edition 2

by Willi Semmler, W. Semmier
     
 

ISBN-10: 3540287841

ISBN-13: 9783540287841

Pub. Date: 07/28/2006

Publisher: Springer-Verlag New York, LLC

The book studies the interaction of the financial market, economic activity and the macroeconomy from a dynamic perspective. The financial market to be studied here encompasses the money and bond market, credit market, sk market and foreign exchange market. Economic activity is described by the activity of firms, banks, households, governments and countries. The

Overview

The book studies the interaction of the financial market, economic activity and the macroeconomy from a dynamic perspective. The financial market to be studied here encompasses the money and bond market, credit market, sk market and foreign exchange market. Economic activity is described by the activity of firms, banks, households, governments and countries. The book shows how economic activity affects asset prices and the financial market and how asset prices and financial market volatility feed back to economic activity. The focus in this book is on theories, dynamic models and empirical evidence. Empirical applications relate to episodes of financial instability and financial crises of the U.S., Latin American, Asian as well as Euro-area countries. The book is not only useful for researchers and practitioners in the field of financial engineering, but is also very useful for researchers and practitioners in economics.

Product Details

ISBN-13:
9783540287841
Publisher:
Springer-Verlag New York, LLC
Publication date:
07/28/2006
Edition description:
2nd ed.
Pages:
266
Product dimensions:
6.40(w) x 9.50(h) x 0.80(d)

Table of Contents

Money, Bonds and Economic Activity: Money, Bonds and Interest Rates.- Term Structure of Interest Rates.- The Credit Market and Economic Activity: Theories on Credit Market, Credit Risk and Economic Activity.- Empirical Tests on Credit Market and Economic Activity.- The Sk Market and Economic Acitivity: Approaches to Sk Market and Economic Activity.- Macro Factors and the Sk Market.- New Technology and the Sk Market.- Asset Pricing and Economic Activity: Static Portfolio Theory.- Consumption Based Asset Pricing Models.- Asset Pricing Models with Production.- Foreign Exchange Market, Financial Instability and Economic Activity: Balance Sheets and Financial Instability.- Exchange Rate Shocks, Financial Crisis and Output Loss.- International Portfolio and the Diversification of Risk.- Advanced Modeling of Asset Markets: Agent Based and Evolutionary Modeling of Asset Markets.- Behavioral Models of Dynamic Asset Pricing.- Dynamic Portfolio Choice Models.- Some Policy Conclusions.

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