Emilio Barucci Book order

The book explores the financial crisis, attributing its root cause to the misguided ambition of treating risk as a tradable commodity. It offers a deeper analysis that transcends basic explanations, arguing that merely appealing to ethics or capping managerial pay will not resolve the underlying issues in finance. The author emphasizes the need for a more fundamental understanding of risk management in the financial system.

Exploring the intricacies of financial markets, this book delves into the theoretical frameworks that underpin market behavior and investment strategies. It examines key concepts such as risk, return, market efficiency, and the role of information in trading. The text integrates mathematical models and empirical research to provide a comprehensive understanding of how financial markets operate. Ideal for students and professionals alike, it aims to bridge the gap between theory and practical application in the ever-evolving financial landscape.

A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathematically rigorous standpoint and to offer a self-contained critical discussion based on empirical results. Tools for understanding the economic analysis are provided, and mathematical models are presented in discrete time/finite state space for simplicity. Examples and exercises included.