|
Books > Business & Economics > Finance & accounting > Finance > Investment & securities > Stocks & shares
|
Buy Now
Stock Markets - Emergence, Macroeconomic Factors & Recent Developments (Hardcover)
Loot Price: R3,665
Discovery Miles 36 650
You Save: R246
(6%)
|
|
|
Stock Markets - Emergence, Macroeconomic Factors & Recent Developments (Hardcover)
Expected to ship within 10 - 15 working days
|
Much effort has gone into the study of financial markets and how
prices vary with time. The usual approach of random walk is known
to be inadequate to fully describe price dynamics. In this book,
many different approaches are provided that use alternative and
more adequate models. This book also examines the renewal theory in
actuarial science. A simple actuarial model can be simulated well
by means of this kind of stochastic process. A method dealing with
the numerical solution of the renewal equation is presented. In
addition, based on a theoretical model for opinion spreading on a
network, through avalanches, the effect of external field is now
considered, by using methods from non-equilibrium statistical
mechanics. Furthermore, it is evident that the 2008-US sub-prime
mortgage crisis broadly affected international financial markets.
The crisis's magnitude impacted on Asian financial markets has not
had much attention. To fill this gap, the authors examine changes
in dependence structures between the US market and Asian financial
markets before and after the crisis. The effect of optimal fiscal
rules within a stochastic model of Keynesian type in the context of
Poole (1970) analysis is derived. The authors extend the original
Poole results concerning the output stabilisation properties of
monetary policy to the case of fiscal policy. Different stochastic
models based on a semi-Markov chains approach are used to study the
high frequency price dynamics of traded stocks. The authors show
that the models are able to reproduce important stylised facts of
financial time series as the persistence of volatility. Finally, a
new multi-agent model of the stock market is formulated that
contains four states in which the agents may be located.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
