Keith Cuthbertson Books

Quantitative Financial Economics Stocks, Bonds and Foreign Exchange Quantitative techniques in finance have become vitally important to academics and professionals in the financial markets looking to gain a more profitable edge. Quantitative Financial Economics provides a comprehensive introduction to models of economic behaviour in financial markets, focusing on discrete time series analysis. It covers the most recent theoretical and econometric advances in the field, * Models of noise trader behaviour and short-termism* Rational and intrinsic bubbles* Chaos and time varying risk* Non-stationarity and cointegration* Rational expectations* ARCH and GARCH modelsThe author demonstrates how competing theoretical models may be tested and provides illustrative empirical results and theories from the stock, bond and foreign exchange markets. With a judicious blend of theory and practice Quantitative Financial Economics progresses from simple to more complex theoretical models and empirical tests, making it accessible to both students and practitioners undertaking research into the behaviour of asset returns and prices.

To survive and succeed in today's business climate it is vital to be armed with practical economic knowledge. Updated with the latest information, this edition continues to examine the macroeconomic environment from a business perspective. of risk and its impact, the use of forecasts, the volatility of foreign exchange markets and the role of policy in shaping both domestic and international financial environments. Such issues are firmly set in the context of the 1990s, with discussion of recent economic trends in developed countries and the impact of the escalating process of European harmonization. The book adopts a practical approach and uses actual events to illustrate economic principles. It also contains self-help questions to stimulate independent thinking.