The Economics Of Financial Markets
by Hendrik S. Houthakker /
1996 / English / PDF
5.7 MB Download
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.
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.
