The Debt Market: Valuation, the general theory
Author | : Stephen A. Ross |
Publisher | : |
Total Pages | : |
Release | : 2000 |
Genre | : Bond market |
ISBN | : |
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Author | : Stephen A. Ross |
Publisher | : |
Total Pages | : |
Release | : 2000 |
Genre | : Bond market |
ISBN | : |
Author | : Stephen A. Ross |
Publisher | : |
Total Pages | : 592 |
Release | : 2000 |
Genre | : Bond market |
ISBN | : |
Author | : John Maynard Keynes |
Publisher | : Springer |
Total Pages | : 430 |
Release | : 2018-07-20 |
Genre | : Business & Economics |
ISBN | : 3319703447 |
This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.
Author | : |
Publisher | : |
Total Pages | : 560 |
Release | : 2000 |
Genre | : |
ISBN | : |
Author | : John Maynard Keynes |
Publisher | : |
Total Pages | : 0 |
Release | : 1989 |
Genre | : |
ISBN | : |
Author | : Fiona MacLachlan |
Publisher | : Routledge |
Total Pages | : 292 |
Release | : 2005-07-25 |
Genre | : Business & Economics |
ISBN | : 1134896808 |
In Keynes' General Theory of Interest Fiona Maclachlan rehabilitates the largely discredited liquidity preference theory of interest, providing an original and rigorously reasoned restatement of the theory. Her provocative book draws on the methodological tenets of the Austrian school and is grounded firmly both in the history of economic thought and in real world economic institutions.
Author | : Stephen A. Ross |
Publisher | : Edward Elgar Publishing |
Total Pages | : 1576 |
Release | : 2000 |
Genre | : Bond market |
ISBN | : 9781852789879 |
This three-volume collection - prepared by a leading scholar and practitioner - presents the subject through a collection of important published articles on the debt market. It focuses first on the classical bond market and moves on to a discussion of rational expectations, estimation and the term structure. This is followed by the modern theory of the term structure derived from modelling the stochastic movements of interest rates. The third section discusses implementation and related subtopics including taxation and the management of interest rate risk. The final section extends the discussion to corporate bonds and mortgages.
Author | : Aswath Damodaran |
Publisher | : Now Publishers Inc |
Total Pages | : 102 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 1601980140 |
Valuation lies at the heart of much of what we do in finance, whether it is the study of market efficiency and questions about corporate governance or the comparison of different investment decision rules in capital budgeting. In this paper, we consider the theory and evidence on valuation approaches. We begin by surveying the literature on discounted cash flow valuation models, ranging from the first mentions of the dividend discount model to value stocks to the use of excess return models in more recent years. In the second part of the paper, we examine relative valuation models and, in particular, the use of multiples and comparables in valuation and evaluate whether relative valuation models yield more or less precise estimates of value than discounted cash flow models. In the final part of the paper, we set the stage for further research in valuation by noting the estimation challenges we face as companies globalize and become exposed to risk in multiple countries.
Author | : Emmanuel O. Kumah |
Publisher | : International Monetary Fund |
Total Pages | : 75 |
Release | : 2009-11-01 |
Genre | : Business & Economics |
ISBN | : 1451873891 |
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally applicable and find that the choice of valuation method and estimation technique can have a highly significant impact on the international investment position, pointing to the need for further harmonization. The results show that the price-to-book value method generates more robust market value estimates than the price-to-earnings method. This finding suggests that the valuation basis for the forthcoming Coordinated Direct Investment Survey - own funds at book value -will provide useful information for compiling the international investment position.
Author | : Robert T. Slee |
Publisher | : John Wiley & Sons |
Total Pages | : 640 |
Release | : 2011-04-12 |
Genre | : Business & Economics |
ISBN | : 1118075455 |
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