1st Edition

Finance A Characteristics Approach

Edited By David Blake Copyright 2000

    Since the 1980s, the characteristics model in economics has been applied to the field of finance, and offers a fresh perspective for understanding financial behaviour. This book brings together some of the latest research by leading exponents of the characteristics model and its application to finance.

    1. Introduction 2. Portfolio behaviour and asset pricing in a characteristics framework 3. Financial intermediation and financial innovation in a characteristics framework 4. A characteristics definition of financial markets 5. The computation of interest equivalences for the nonprice characteristics of bank products 6. A characteristics analysis of financial innovations in short term retail financial products

    Biography

    David Blake