Order from a Major Online Bookstore
Ultimate Book Price Comparison Engine
Save Your Time And Money
| AnyBook4Less.com | Order from a Major Online Bookstore |
|
| Home | Store List | FAQ | Contact Us | | ||
| Ultimate Book Price Comparison Engine Save Your Time And Money |
||
 |
Title: The Econometrics of Financial Markets by John Y. Campbell, Andrew W. Lo, A. Craig MacKinlay, Andrew Y. Lo, Archie Craig MacKinlay ISBN: 0-691-04301-9 Publisher: Princeton Univ Pr Pub. Date: 09 December, 1996 Format: Hardcover Volumes: 1 List Price(USD): $85.00 |
Average Customer Rating: 4.27 (11 reviews)
Rating: 4
Summary: An excellent text for the advanced reader
Comment: This is a concise treatment of major foundation topics in financial economics. Although my interest is in monetary economics and macro, I finally have a book I will keep and use on financial economics. It closely blends the insight and "wisdom" behind the various theories with parsimonious amounts of math. Careful, patient reading and a comfortable grasp of econometrics is required but will be rewarded. Notation changes were a bit of a problem, though the authors address this issue early on. The end of chapter questions are good but it would've helped to have answers. Overall, it is intuitive "page turner" material.
Rating: 1
Summary: Spend your money on something better
Comment: This book seems to have written to cash in on the fame of the authors and the stampede in academia and industry towards financial econometrics.
The book already assumes you are proficent in basic and advanced econometrics, derivatives pricing, fixed income, microstructure, neural networks etc. If you already familiar with those fields, why do you need this book? For example, Chapter 10 on Fixed Income Securities covers a grand total of 28 pages beginning with "Basic Concepts" and ending with "Yield Spreads and Interest Rate forecasts". Meanwhile there are whole tomes devoted to every one of those sections in Chapter 10. Nonparameteric Estimation merits a grand total of 9 pages and Neural networks merits 7 pages in Chapter 12.
The chapter on Microstructure, virtue of the book being published in 1997 is thoroughly dated. Even for its 1997 publication the chapter is thoroughly lacking. It is neither a survey nor a exposition of theory or practial uses of microstructure theory. Today there are excellent theoretical and practical books devoted to every topic covered in this book.
Save your money for one of those.
Rating: 5
Summary: Superior Treatment of Econometrics
Comment: Campbell, et. al. have put together the defining book in econometrics. The deep and well thought out explanations of econometrics lend themselves to theories and applications for the behavior of even the most elusive driving forces. I even found a framework for valuing credit derivatives supplementing the descriptions of value in "Credit Derivatives" by Tavakoli.
I admit that readers with no background in econometrics may wish to start with lighter reading, but this book is a must, and worth the effort.
 |
Title: Time Series Analysis by James Douglas Hamilton ISBN: 0691042896 Publisher: Princeton Univ Pr Pub. Date: 11 January, 1994 List Price(USD): $85.00 |
 |
Title: Asset Pricing by John Cochrane ISBN: 0691074984 Publisher: Princeton Univ Pr Pub. Date: 01 January, 2001 List Price(USD): $75.00 |
 |
Title: Dynamic Asset Pricing Theory, Third Edition. by Darrell Duffie ISBN: 069109022X Publisher: Princeton Univ Pr Pub. Date: 01 November, 2001 List Price(USD): $80.00 |
 |
Title: Market Models: A Guide to Financial Data Analysis by Carol Alexander ISBN: 0471899755 Publisher: John Wiley & Sons Pub. Date: 15 November, 2001 List Price(USD): $105.00 |
 |
Title: Advanced modelling in finance using Excel and VBA by Mary Jackson, Mike Staunton ISBN: 0471499226 Publisher: John Wiley & Sons Pub. Date: 30 May, 2001 List Price(USD): $75.00 |
Thank you for visiting www.AnyBook4Less.com and enjoy your savings!
Copyright� 2001-2021 Send your comments
