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Dynamics of Markets

by Joseph L. McCauley
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Current price ₹10,452.00
Original price ₹10,660.00
Original price ₹10,660.00
Original price ₹10,660.00
(-2%)
₹10,452.00
Current price ₹10,452.00

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Book cover type: Hardcover
  • ISBN13: 9780521429627
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 286
  • Original Price: GBP 82.0
  • Language: English
  • Edition: 2 Revised edition
  • Item Weight: 726 grams
  • BISAC Subject(s): Physics / General

This second edition presents the advances made in finance market analysis since 2005. The book provides a careful introduction to stochastic methods along with approximate ensembles for a single, historic time series. The new edition explains the history leading up to the biggest economic disaster of the 21st century. Empirical evidence for finance market instability under deregulation is given, together with a history of the explosion of the US Dollar worldwide. A model shows how bounds set by a central bank stabilized FX in the gold standard era, illustrating the effect of regulations. The book presents economic and finance theory thoroughly and critically, including rational expectations, cointegration and arch/garch methods, and replaces several of those misconceptions by empirically based ideas. This book will be of interest to finance theorists, traders, economists, physicists and engineers, and leads the reader to the frontier of research in time series analysis.

McCauley, Joseph L.: - Joseph L. McCauley is Professor of Physics at the University of Houston, and is an advisory board member for the Econophysics Forum. He has contributed to statistical physics, the theory of superfluids, nonlinear dynamics, cosmology, econophysics, economics and finance theory.

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