Since the 1980s, the characteristics model in economics has been applied to the field of finance, and offers a fresh perspective for understanding financial behaviour. It has enabled the analyst and the investor to explore the characteristics of financial products, such as expected return, risk and future marketability, as a dimension distinct from the substance of the product itself. The first part of the volume explores the theoretical implications of such an approach. It examines: the characteristics model of portfolio behaviour and asset pricing the characteristics model as a unifying framework for analysing financial markets, financial intermediaton and the process of financial innovation. The remainder of the volume focuses on empirical applications of the characteristics model, including: computation of interest equivalence for nonprice characteristics of bank products analysis of financial innovations in short-term retail financial products. The book therefore represents an invaluable asset for both the specialist financial economist, and the generalist economist seeking original source material.
- ISBN:
- 9780415212908
- 9780415212908
-
Category:
- Corporate finance
- Format:
- Hardback
- Publication Date:
-
23-03-2000
- Language:
- English
- Publisher:
- Taylor & Francis Ltd
- Country of origin:
- United Kingdom
- Pages:
- 144
- Dimensions (mm):
- 216x138x15mm
- Weight:
- 0.43kg
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