The economics of financial markets / Hendrik S. Houthakker and Peter J. Williamson.
"This book puts economics to work on the daily problems faced by investors, traders, speculators and brokers as they wrestle with increasingly complex financial markets. Drawing on data direct from the financial behavior of households, corporations, and governments, through to the prices of ind...
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| Main Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
New York :
Oxford University Press,
1996.
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| Subjects: | |
| Online Access: | Contributor biographical information |
| Summary: | "This book puts economics to work on the daily problems faced by investors, traders, speculators and brokers as they wrestle with increasingly complex financial markets. Drawing on data direct from the financial behavior of households, corporations, and governments, through to the prices of individual securities, the authors show how accessible but rigorous economics can help the players make sense of the hour-by-hour reality of the way financial markets move. Many of the twists and turns that might seem random at first sight are, they contend, rational and often predictable. But inefficiencies do exist, and the authors also demonstrate how these can become unique profit opportunities. By bringing together information on the daily workings of financial markets with the concepts and tools of economics, Houthakker and Williamson have provided a valuable resource for practitioners and students alike."--Publisher description. |
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| Physical Description: | xiii, 361 pages : illustrations ; 24 cm |
| Bibliography: | Includes bibliographical references (pages 335-347) and index. |
| ISBN: | 019504407X 9780195044072 |