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Dynamics of Markets

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Dynamics of Markets

The New Financial Economics
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Format:

Hardback
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Description

This second edition presents the advances made in finance market analysis since 2005. The book provides a careful introduction to stochastic methods along with approximate ensembles for a single, historic time series. The new edition explains the history leading up to the biggest economic disaster of the 21st century. Empirical evidence for finance market instability under deregulation is given, together with a history of the explosion of the US Dollar worldwide. A model shows how bounds set by a central bank stabilized FX in the gold standard era, illustrating the effect of regulations. The book presents economic and finance theory thoroughly and critically, including rational expectations, cointegration and arch/garch methods, and replaces several of those misconceptions by empirically based ideas. This book will be of interest to finance theorists, traders, economists, physicists and engineers, and leads the reader to the frontier of research in time series analysis.

Author Biography:

Joseph L. McCauley is Professor of Physics at the University of Houston, and is an advisory board member for the Econophysics Forum. He has contributed to statistical physics, the theory of superfluids, nonlinear dynamics, cosmology, econophysics, economics and finance theory.
Release date NZ
September 3rd, 2009
Audience
  • Professional & Vocational
Edition
2nd Revised edition
Illustrations
19 Halftones, unspecified
Pages
286
Dimensions
178x253x16
ISBN-13
9780521429627
Product ID
3664678

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