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Books in Economics and finance

Our Economics and Finance titles are essential reading for students, scholars, policymakers, and market practitioners who want to stay up-to-date with the latest research and foundational topics in the field, from financial markets and trade to e-commerce, econometrics, quantiative investing, financial technology, financial engineering, global finance, corporate finance, law and economics, macro and microeconomics, and risk management.

Titles manage to balance quality of content with the increasing demand for a wider view of the vast array of topics in the field of Economics and Finance.

BooksJournals

    • Handbook of Income Distribution. Vol 2B

      • 1st Edition
      • Volume 2B
      • December 18, 2014
      • Anthony B. Atkinson + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 9 4 2 9 7
      • eBook
        9 7 8 0 4 4 4 5 9 4 7 5 4
      What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment.

    • Handbook of International Economics

      • 1st Edition
      • Volume 4
      • February 22, 2014
      • Gita Gopinath + 2 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 4 3 1 4 1
      • eBook
        9 7 8 0 4 4 4 5 4 3 1 5 8
      What conclusions can be drawn from recent advances in international trade and international macroeconomics? New datasets, theoretical models, and empirical studies have resulted in fresh questions about the world trade and payment system. These chapters--six on trade and six on international macroeconomics--reve... the richness that researchers have uncovered in recent years. The chapters on foreign trade present, among other subjects, new integrated multisector analytical frameworks, the use of gravity equations for the estimation of trade flows, the role of domestic institutions in shaping comparative advantage, and international trade agreements. On international macroeconomics, chapters explore the relation between exchange rates and other macroeconomic variables; risk sharing, allocation of capital across countries, and current account dynamics; and sovereign debt and financial crises. By addressing new issues while enabling deeper and sharper analyses of old issues, this volume makes a significant contribution to our understanding of the global economy.

    • Consumer Durable Choice and the Demand for Electricity

      • 1st Edition
      • Volume 155
      • July 22, 2014
      • J.A. Dubin
      • English
      • Paperback
        9 7 8 1 4 9 3 3 0 7 8 7 6
      • eBook
        9 7 8 1 4 8 3 2 9 4 6 6 7
      This book develops the theory of durable choice and utilization. The basic assumption is that the demand for energy is a derived demand arising through the production of household services. Durable choice is associated with the choice of a particular technology for providing the household service. Econometric systems are derived which capture both the discrete choice nature of appliance selection and the determination of continuous conditional demand.Using the National Interim Energy Consumption Survey (NIECS) from 1978, a nested logit model of room air-conditioning, central air-conditioning, space-heating and water heating is estimated. The estimated probability choice model is used to forecast the impacts of proposed building standards for newly constructed single family detached residences. A network thermal model provides unit energy consumptions for alternative heating and cooling systems across time. Monthly billing data matched to NIECS is analyzed permitting seasonal estimation of the demand for electricity and natural gas by households.The theory of price specification for demand subject to a declining rate structure is reviewed and tested. Finally, consistent estimation procedures are used in the presence of possible correlation between dummy variables indicating appliance ownership and the equation error. The hypothesis of simultaneity in the demand system is tested.Conditional moments in the generalized extreme value family are derived to extend discrete continuous econometric systems in which discrete choice is assumed logistic. An efficiency comparison of various two-stage consistent estimation techniques applied to a single equation of a dummy endogenous simultaneous equation system is undertaken and asymptotic distributions are derived for each estimation method.

    • Economic Shocks and Structural Adjustments: Turkey after 1973

      • 1st Edition
      • Volume 166
      • November 28, 2014
      • P.J. Conway
      • English
      • Paperback
        9 7 8 1 4 9 3 3 0 8 1 1 8
      • eBook
        9 7 8 1 4 8 3 2 9 9 4 8 8
      Recent international economic events have demonstrated the vulnerability of individual countries to external disturbances, or `shocks'. Such disturbances necessitate major adjustments to developing countries' trade behaviour, and therefore also to their domestic economies.This volume is an integrated theoretical and econometric study of the impact of global economic changes on the developing Turkish economy during the period 1970-1983. Structural adjustment is defined and presented in the context of a small open economy reacting to external shocks. The interaction of government and private sector is incorporated explicitly in an intertemporal model through examination of dynamic game equilibria, and the implications of this interaction for the effectiveness of stabilization and liberalization policies are explored. This theoretical structure provides the structure for macroeconomic estimation. The estimated model then is employed for an econometric decomposition of Turkish historical economic experience into portions due to various external shocks and government policy changes.The theoretical section demonstrates the necessity of consideration of government/private interactions when measuring and evaluating structural adjustment policies. The econometric results confirm the importance of such analysis for Turkey, and provide evidence of the impact of various government policies on aggregate consumption, investment, inflation and current account deficits.This book will be of use to both international and development economists as a systematic and insightful examination of structural adjustment in Turkey, as well as a template for similar analyses for other open economies.

    • Study Guide to Accompany Gwartney, Stroup, and Clark's Essentials of Economics

      • 2nd Edition
      • May 10, 2014
      • J.R. Clark
      • English
      • Paperback
        9 7 8 0 1 2 3 1 1 0 3 7 4
      • eBook
        9 7 8 1 4 8 3 2 6 2 9 2 5
      Study Guide to Accompany Gwartney, Stroup, and Clark's Essentials of Economics, Second Edition provides additional features which can be used as reference for students who are using the textbook "Essentials of Economics, Second Edition." The book sections contain self-tests and challenge questions which are so designed that the student who can answer the self-test questions will consistently be able to answer those found in the "Instructor's Manual and Test Bank." The text encourages the student to follow four steps to get the most out of the study guide. The student should follow these steps: (1) Actively participate in the learning process; (2) Seek out prompt, accurate feedback regarding what the student has learned; (3) Learn the relevance of the concepts; and (4) Learn to address economic issues and policies critically. The book covers question topics, such as supply, demand, market process, public sector, aggregate demand, and equilibrium in a simple Keynesian model. The book also deals with questions and problems on skill acquisition, job market, and gains from international trade. The text will be a valuable aid to many students of economics whether they are economics majors are just taking the subject as a requirement in another course. Professors and lecturers of economics and business courses will also benefit from it.

    • The Evaluation of Risk in Business Investment

      • 1st Edition
      • June 28, 2014
      • J.C. Hull
      • English
      • Paperback
        9 7 8 0 0 8 0 2 4 0 7 4 9
      • eBook
        9 7 8 1 4 8 3 2 9 6 2 9 6
      Provides finance specialists in industry and students of management with a comprehensive set of practical procedures for evaluating the total risk in the major capital investment decisions facing a business. It discusses in detail how companies can make effective use of sensitivity analyses, risk simulations and other techniques, and deals in depth with important issues, such as: How should the results of a sensitivity analysis be interpreted?; How can adequate subjective probability distributions be obtained? How can dependencies between variables be dealt with in a practical way?; The emphasis throughout is on 'how to do it' and the reader needs only a slight knowledge of statistics. A particularly important feature of the book is the FORTRAN subroutines in Appendices A and B which the author prepared for calculating risk evaluations

    • Nations and Households in Economic Growth

      • 1st Edition
      • May 10, 2014
      • Paul A. David + 1 more
      • English
      • Paperback
        9 7 8 1 4 8 3 2 3 7 9 4 7
      • eBook
        9 7 8 1 4 8 3 2 6 1 2 0 1
      Nations and Households in Economic Growth: Essays in Honor of Moses Abramovitz is a collection of papers that reflect the broad sweep of Moses Abramovitz’s interests within the disciplines of economics and economic history. This work is organized into two parts encompassing 14 chapters. The first part discusses the individual and social welfare significance of quantitative indices of economic growth. This part also deals with the mechanisms of economic-demographic interdependence and their bearing particularly upon “long swings” in the rate of growth. The second part highlights the changing role of international relations in processes generating national economic development and domestic economic instability. This book will be of value to economists, historians, and researchers.

    • Comparisons of Prices and Real Products in Latin America

      • 1st Edition
      • Volume 194
      • June 28, 2014
      • J. Salazar-Carrillo + 1 more
      • English
      • Paperback
        9 7 8 1 4 9 3 3 0 4 8 3 7
      • eBook
        9 7 8 1 4 8 3 2 9 4 5 8 2
      Contained in this book are studies related to the computation of purchasing power parities for comparing real income and product among Latin American countries. The principal components of income and product comparisons are discussed: from designing and executing benchmark studies, to extrapolating results for non-benchmark years. Different comparative methods and measurement techniques, including index number formulations, are considered. Comparisons of Latin countries with other countries are also undertaken.This volume aims to illuminate the thorny theoretical and methodological issues involved in regional comparisons, and to facilitate the practical application of the comparative approach to the many sided policy problems generated by a rapidly integrating international economy.

    • Compound Interest Functions

      • 1st Edition
      • May 16, 2014
      • C. Attwood
      • English
      Practical Table Series, No. 8: Compound Interest Functions focuses on compound interest tables that are applied to mathematical problems concerned with loans, annuities, mortgages, leases, and different forms of investment. This book provides the compound interest functions on 1/16 to 2 7/16 per cent at interval 1/16 per cent; 2 ½ to 4 7/8 per cent at interval 1/8 per cent; and 5 to 10 per cent at interval 1/4 per cent. The tables on i/i(p)and force of interest δ, and 10-figure logarithms are also included. The rest of this publication’s content are devoted to notes on the mathematics of compound interest, providing guidance through the mathematical complexities of the more elementary parts of this subject. Some of the topics discussed include the definitions; effective and nominal rate of interest; present value and compound discount; continuous conversion of interest; annuities–definition... and symbols; interpolation using second differences; yield on a bond; and short history of tables of compound interest. This text is a good source to students, as well as individuals who have not had the opportunity to study the theory on compound interest functions.

    • Rivalrous Consonance: A Theory of General Oligopolistic Equilibrium

      • 1st Edition
      • Volume 157
      • June 28, 2014
      • R.E. Kuenne
      • English
      • Paperback
        9 7 8 1 4 9 3 3 0 7 6 8 5
      • eBook
        9 7 8 1 4 8 3 2 9 7 0 7 1
      The book is an attempt to construct frameworks for the analysis of oligopoly which combine both the rivalrous and cooperative elements in the market structure of mature oligopolistic industries. It provides an alternative approach to those of game theory and conjectural variation, and does so in a fashion that permits: - the development of a general equilibrium framework that incorporates oligolopy - operational analysis of pricing policies in oligolopy - the tailoring of the analytical framework to the specifics of an industry within the context of multiobjective decision making. The book stresses the need for economic theory to move away from the search for universal theorems concerning oligopolistic behaviour, and to develop a body of specific industry analyses using ``simulative theorizing''.

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