Table of contents

  1. Front Matter
    Pages i-xii
  2. Emilio Barucci
    Pages 1-11
  3. Emilio Barucci
    Pages 13-42
  4. Emilio Barucci
    Pages 71-110
  5. Emilio Barucci
    Pages 143-216
  6. Emilio Barucci
    Pages 217-251
  7. Emilio Barucci
    Pages 253-307
  8. Emilio Barucci
    Pages 309-330
  9. Emilio Barucci
    Pages 331-355
  10. Emilio Barucci
    Pages 357-390
  11. Back Matter
    Pages 391-467

About this book


Financial Markets Theory presents classical asset pricing theory, a theory composed of milestones such as portfolio selection, risk aversion, fundamental asset pricing theorem, portfolio frontier, CAPM, CCAPM, APT, the Modigliani-Miller Theorem, no arbitrage/risk neutral evaluation and information in financial markets. Starting from an analysis of the empirical tests of the above theories, the author provides a discussion of the most recent literature, pointing out the main advancements within classical asset pricing theory and the new approaches designed to address open problems (e.g. behavioural finance). It is the only textbook to address the economic foundations of financial markets theory from a mathematically rigorous standpoint, and to offer a self-contained critical discussion, based on empirical results. Financial Markets Theory is an advanced book, well-suited for a first graduate course in financial markets, economics or financial mathematics. It is self-contained and introduces topics in a setting accessible to economists and practitioners equipped with a basic mathematical background. For those not acquainted with standard microeconomic theory, the tools needed to follow the analysis are presented early in the book. The approach makes this a vital handbook for practitioners in insurance, banking, investment funds and financial consultancy, as well as an excellent graduate-reference textbook.


Analysis Assets Banking Finance Graduate level Insurance Mathematical finance Microeconomics Research level agents

Authors and affiliations

  • Emilio Barucci
    • 1
  1. 1.Dipartimento di Statistica e matematica applicata all’economiaUniversità di PisaItaly

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag London Limited 2003
  • Publisher Name Springer, London
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4471-1093-4
  • Online ISBN 978-1-4471-0089-8
  • Series Print ISSN 1616-0533
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking