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Intermediate Financial Theory
2nd Edition - July 19, 2005
Authors: Jean-Pierre Danthine, John B. Donaldson
Language: English
Hardback ISBN:9780123693808
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eBook ISBN:9780080509020
9 7 8 - 0 - 0 8 - 0 5 0 9 0 2 - 0
The second edition of this authoritative textbook continues the tradition of providing clear and concise descriptions of the new and classic concepts in financial theory. The…Read more
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The second edition of this authoritative textbook continues the tradition of providing clear and concise descriptions of the new and classic concepts in financial theory. The authors keep the theory accessible by requiring very little mathematical background.
First edition published by Prentice-Hall in 2001- ISBN 0130174467.
The second edition includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor.
"This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts.... many books claim to require little prior mathematical training, but this one actually does so. This book may be a good one for Ph.D students outside finance who need some basic training in financial theory or for those looking for a more user-friendly introduction to advanced theory. The exercises are very good." --Ian Gow, Student, Graduate School of Business, Stanford University
Completely updated edition of classic textbook that fills a gap between MBA level texts and PHD level texts
Focuses on clear explanations of key concepts and requires limited mathematical prerequisites
Updates includes new structure emphasizing the distinction between the equilibrium and the arbitrage perspectives on valuation and pricing, as well as a new chapter on asset management for the long term investor
Primary audience: Students in master's or Ph.D. programs in Finance
PART I : INTRODUCTION Chapter 1: On the Role of Financial Markets and Institutions Chapter 2: The Challenges of Asset Pricing: A Roadmap PART II: THE DEMAND FOR FINANCIAL ASSETS Chapter 3: Making Choices in Risky Situations Chapter 4: Measuring Risk and Risk Aversion Chapter 5: Risk Aversion and Investment Decisions, Part I Chapter 6: Risk Aversion and Investment Decisions, Part II: Modern Portfolio Theory PART III: EQUILIBRIUM PRICING Chapter 7: The Capital Asset Pricing Model: Another View about Risk Chapter 8: Arrow-Debreu Pricing I Chapter 9: The Consumption Capital Asset Pricing Model (CCAPM) PART IV: ARBITRAGE PRICING Chapter 10: Arrow-Debreu Pricing II: the Arbitrage Perspective Chapter 11: The Martingale Measure : Part I Chapter 12: The Martingale Measure : Part II Chapter 13: The Arbitrage Pricing Theory (APT) PART V: EXTENSIONS Chapter 14: Portfolio Management in the long run Chapter 15: Financial Structure and Firm Valuation in Incomplete Markets Chapter 16: Financial Equilibrium with Differential Information EXERCISES
No. of pages: 392
Language: English
Edition: 2
Published: July 19, 2005
Imprint: Academic Press
Hardback ISBN: 9780123693808
eBook ISBN: 9780080509020
JD
Jean-Pierre Danthine
Jean-Pierre Danthine is professor of economics and finance at the University of Lausanne Switzerland), director of the International Center for Financial Asset Management and Engineering Lausanne & Geneva) and CEPR Research Fellow. The holder of a Ph.D. in economics from Carnegie-Mellon University and a M.S. in Economics from the University of Louvain, Professor DanthineI previously taught at at Columbia University and held visiting appointments at CUNY Graduate Center, University of Southern California (Los Angeles), Université d'Aix-Marseille, Université Laval (Québec), as well as Universities of Toulon and Dijon.
He is an Associate Editor of Macroeconomic Dynamics and Finance Research Letters; Chairman of the Scientific Council of the TCIP (Training Center for Investment Professionals); member of the Council of the European Economic Association, of the Scientific Councils of CEPREMAP (Paris), CREST (Paris), CREI (U. Pompeu Fabra, Barcelona) as well as the Fonds national de la recherche scientifique (Economics Commission - Belgium). He was also a member of the Executive Committee of the ICMB (Geneva).
Affiliations and expertise
Vice-Chairman of the Governing Board at the Swiss National Bank in Bern, Switzerland
JD
John B. Donaldson
Professor Donaldson holds the teaches the Mario J. Gabelli Professorship in Finance at Columbia Business school, teaching courses in basic finance and options. He focuses on business cycles and asset pricing, with a particular emphasis on the real side of the economy’s impact on equilibrium pricing of financial assets. His work has appeared in numerous professional journals, including the Journal of Economic Dynamics and Control, Econometrica, the Journal of Economic Theory and the Journal of Monetary Economics.
Affiliations and expertise
Mario J. Gabelli Professor of Finance at Columbia University Business School, New York, NY, USA