Economics

Provides statistical tools and techniques needed to understand today's financial markets

The Second Edition of this critically acclaimed text provides a comprehensive and systematic introduction to financial econometric models and their applications in modeling and predicting financial time series data. This latest edition continues to emphasize empirical financial data and focuses on real-world examples. Following this approach, readers will master key aspects of financial time series, including volatility modeling, neural network applications, market microstructure and high-frequency financial data, continuous-time models and Ito's Lemma, Value at Risk, multiple returns analysis, financial factor models, and econometric modeling via computation-intensive methods.

The author begins with the basic characteristics of financial time series data, setting the foundation for the three main topics:

• Analysis and application of univariate financial time series
• Return series of multiple assets
• Bayesian inference in finance methods

This new edition is a thoroughly revised and updated text, including the addition of S-Plus® commands and illustrations. Exercises have been thoroughly updated and expanded and include the most current data, providing readers with more opportunities to put the models and methods into practice. Among the new material added to the text, readers will find:

• Consistent covariance estimation under heteroscedasticity and serial correlation
• Alternative approaches to volatility modeling
• Financial factor models
• State-space models
• Kalman filtering
• Estimation of stochastic diffusion models

The tools provided in this text aid readers in developing a deeper understanding of financial markets through firsthand experience in working with financial data. This is an ideal textbook for MBA students as well as a reference for researchers and professionals in business and finance.

Planning by civil governments, businesses, and the military services has been considered separately in both theory and practice. Those concerned with each of these applications have had little contact with those in the others, despite the common concerns and characteristics of their respective practices.

A leading figure in the research and education in planning, Branch draws upon his experience in civil, corporate, and military planning to provide a comprehensive guide to the key aspects of planning. This text is invaluable to those engaged in governmental and business planning and to students working toward careers in urban and regional planning, public administration, business management, and other fields concerned with planning.

Don't Burn our Bridges: The Case for Caribbean Carriers argues that a tourism-dependent region comprised largely of a group of islands must, in its own best interest, retain ownership of key aspects of its air access in spite of the costs and challenges involved in so doing. Air transportation is the glue that cements the tourism market to the destination, but it is also the aerial bridge connecting the territories and peoples of a single market and economy. Often regional airlines are forced to offer a mixture of commercial and social routes, which makes profitability difficult. The social service they provide is critical, however, and public sector shareholders should not measure their return on investment simply in terms of the bottom line. Holder rejects a widely held view that Caribbean governments, should not support their own carriers financially. Instead, he argues that because of their overall contribution to development generally, the air transportation industry should be counted among those companies in the region which are too big (and important) to be allowed to fail. Don't Burn Our Bridges documents the history of Caribbean airlines and attempts to demystify the complexities of such concepts as deregulation, yield management, hedging of oil prices, fare setting, fuel surcharges and a la carte pricing, while making the point that running successful airlines has defeated some of the world's most brilliant business minds. Holder also explores the impact of the global economic meltdown of 2008-2009 on air transportation and Caribbean tourism, and proposes a way forward for air transportation in the Caribbean community.

The past decade has witnessed a paradigm shift at the World Bank from a focus on structural adjustment to a focus on poverty reduction. As evidenced by the Bank’s 2001 report, Engendering Development: Through Rights, Resource and Voice, an increased attention to gender issues has been an important part of this process.

This book brings together a range of responses from feminist economists and other social researchers on the issues raised in this report. With contributions from highly esteemed scholars such as Eudine Barriteau, Diane Elson, Gale Summerfield, and Zafiris Tzannatos, this anthology critically examines the relationships between gender, growth, development, and the World Bank by:

• developing a history of the World Bank’s perspectives on gender
• empirically evaluating the impacts of the Banks’ policies on three different regions of the world
• exploring the ideological and methodological commitments of the report from a variety of feminist and interdisciplinary social science perspectives
• enquiring into future directions for feminist economics research.

The book shows the importance and challenge of taking gender into account in development theory and policy. Its complex and nuanced analyses of the social relations of gender in a global context will be an important resource for policymakers, activists, and scholars alike.

The eagerly awaited second edition of this highly successful bookhas been greatly expanded from 400 to over 700 pages and containsnew material on value at risk, speculative bubbles, volatilityeffects in financial markets, chaos and neural networks.
Financial Market Analysis deals with the composition of financialmarkets and the analysis and valuation of traded securities. Itdescribes the use of securities both in constructing and managingportfolios and in contributing to portfolio performance. Particularattention is paid to new types of investment product, differentportfolio management strategies, speculation, arbitrage and riskmanagement strategies and to financial market failure.
Financial Market Analysis is an essential text for allfinance-related degree courses at undergraduate, postgraduate, andMBA level. It also provides a useful source of reference forfinancial institutions and professionals in the financial markets.

Thoroughly revised according to classroom feedback, Industrial Organization: Markets and Strategies offers an up-to-date and rigorous presentation of modern industrial organization that blends theory with real-world applications and derives implications for firm strategy and competition policy. This comprehensive textbook acquaints readers with the most important models for understanding strategies chosen by firms with market power and shows how such firms adapt to different market environments. The second edition includes new and revised formal models and case studies. Formal models are presented in detail, and analyses are summarized in 'lessons' which highlight the main insights. Theories are complemented by numerous real-world cases that engage students and lead them to connect theories to real situations. Chapters include review questions, exercises, and suggestions for further reading to enhance the learning experience, and an accompanying website offers additional student exercises, as well as teaching slides.

The purpose of this text is to analyze the key financial markets and instruments that facilitate trade and investment activity on a global scale. It spans two key areas: First-the economic determinants of prices, price changes and price relationships in the major financial markets; Second-the policy issues that result from private enterprises and public policymakers.