Stable Paretian Models in Finance (Hardcover)

"The adoption of stable modeling in finance and econometrics is undoubtedly one of the most interesting and promising ideas which has arisen in these fields. It is now widely accepted that classical models for the description of the dynamics of financial and economic variable suffer form major structural weaknesses, as they fail to explain important features of the empirical data. Therefore, the search for new more powerful models is a fundamental and fascinating topic of research. In this book, Rachev and Mittnik, two of the most prominent experts in so-called Stable Finance, present a wealth of convincing arguments to support the claim that stable models offer the right approach to the subject. Their monograph, which collects a large part of the authors' work in sable financial modeling, brings together innovative insights as well as new elegant explanations financial and economic phenomena..."
"...The book explains in a lucid and understandable manner how to extend a wide range of financial paradigms to the stable case, presenting both new theoretical results and empirical applications. The material covered is truly impressive in its breadth and quality, and will be of great interest to researchers and advanced graduate students, as well as practitioners looking for state-of-the-art models with a better fit to real data."
Eduardo S. Schwartz, Professor of Finance, Anderson School of Management, University of California

General

Imprint:	John Wiley & Sons
Country of origin:	United States
Release date:	April 2000
Authors:	S Rachev
Dimensions:	229 x 152 x 47mm (L x W x T)
Format:	Hardcover
Pages:	874
ISBN-13:	978-0-471-95314-2
Categories:	Books > Business & Economics > Economics > Econometrics > General Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General Books > Money & Finance > Investment & securities > General Promotions
LSN:	0-471-95314-8
Barcode:	9780471953142

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