Arbitrage

Elements of Financial Economics

Paperback Engels 1991 9780333557815
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

A text using the concept of arbitrage to value securities, that is to construct the elements of financial economics. Divided into three parts, the book develops the foundations for the study, applies the basic theorem in a single-period setting and extends the discussion to a many-period setting.

Specificaties

ISBN13:9780333557815
Taal:Engels
Bindwijze:paperback
Uitgever:Palgrave Macmillan UK

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Inhoudsopgave

Part 1 Foundations: securities and arbitrage; the basic arbitrage theorem. Part 2 A single period: exact arbitrage - a capital asset pricing model; approximate arbitrage - the arbitrage pricing technique. Part 3 Many periods: static arbitrage - futures; dynamic arbitrage - options; risk arbitrage - market efficiency.

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