Quantitative Financial Economics : Stocks, Bonds and Foreign Exchange

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Summary: Quantitative Financial Economics : Stocks, Bonds and Foreign
Review: A superb book particularly attractive for those who intend to learn about the application of econometric techniques to finance but likely to find its peer book by Campbell,Lo,McKinlay a bit too advanced...

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Summary: Excellent Introduction to Financial Economics
Review: An excellent book to start understanding quantitaive methods in financial economics. This could serve as one of the best introductions to the first-timers. The author has taken care to explain the concepts in a lucid manner to prepare the student to take on the concepts at a greater detail. He even touches upon complex issues like stock market 'anomalies' and models of noise trader behaviour. The discussion on 'rational bubble'is also quite helpful. On the whole, a very good text to understand competing theoritical models in financial economics and their applicability in various markets like stock, bond and currency market.

Rating:
Summary: Excellent Book Emphasizing Time Series
Review: This book contains one of the clearest discussions of the CAPM model that I have found anywhere. It is also quite rigorous. It also contains one of the most vague treatments of utility functions in existence. Overall this is an outstanding book on financial economics. Potential sophisticated readers should be aware that the book does rely almost exclusively on time series analysis and therefore is subject to the limitations associated with the same. But for a good clear introduction of the subject from a time series point of view the book is really hard to beat.

Rating:
Summary: Excellent Book Emphasizing Time Series
Review: This book contains one of the clearest discussions of the CAPM model that I have found anywhere. It is also quite rigorous. It also contains one of the most vague treatments of utility functions in existence. Overall this is an outstanding book on financial economics. Potential sophisticated readers should be aware that the book does rely almost exclusively on time series analysis and therefore is subject to the limitations associated with the same. But for a good clear introduction of the subject from a time series point of view the book is really hard to beat.