Skip to content
MIT Press
  • MIT Press
  • Books
    • Column
      • View all subjects
      • New releases
      • Catalogs
      • Textbooks
      • Series
    • Column
      • Authors
      • Distributed presses
      • The MIT Press Reader
      • Podcasts
    • Column
      • MIT Press Direct

        MIT Press Direct is a distinctive collection of influential MIT Press books curated for scholars and libraries worldwide.

        • Learn more
  • Journals
    • column
      • Journals all topics
      • Economics
      • International Affairs, History, & Political Science
    • column
      • Arts & Humanities
      • Science & Technology
      • Open access
    • column
      • MIT Press journals

        MIT Press began publishing journals in 1970 with the first volumes of Linguistic Inquiry and the Journal of Interdisciplinary History. Today we publish over 30 titles in the arts and humanities, social sciences, and science and technology.

        • Learn more
  • Open Access
    • column
      • Open access at the MIT Press
      • Open access books
      • Open access journals
    • column
      • Direct to Open
      • MIT Open Publishing Services
      • MIT Press Open on PubPub
    • Column
      • Open access

        The MIT Press has been a leader in open access book publishing for over two decades, beginning in 1995 with the publication of William Mitchell’s City of Bits, which appeared simultaneously in print and in a dynamic, open web edition.

        • Learn more
  • Resources
    • column
      • Current authors
      • Prospective authors
      • Instructors
    • column
      • Media inquiries
      • Booksellers
      • Rights and permissions
    • column
      • Resources

        Collaborating with authors, instructors, booksellers, librarians, and the media is at the heart of what we do as a scholarly publisher. If you can’t find the resource you need here, visit our contact page to get in touch.

        • Learn more
  • Give
  • About
    • Column
      • About
      • Jobs
      • Internships
      • MIT Press Editorial Board
      • MIT Press Management Board
    • Column
      • Catalogs
      • News
      • Events
      • Conferences
      • Bookstore
    • Column
      • The MIT Press

        The MIT Press has been a leader in open access book publishing for two decades, beginning in 1995 with the publication of William Mitchell’s City of Bits. Most recently, we have pioneered a new open access model, Direct to Open, that has enabled us to publish more than 80 open access titles in a single year.

        • Learn more
  • Contact Us
Newsletter
MIT Press
  • Home
  • business & economics
  • Financial Economics
Financial Economics

Financial Economics

by Antonio Mele

  • $250.00 Hardcover

1146 pp., 8 x 10 in, 186 figures

  • Hardcover
  • 9780262046848
  • Published: November 1, 2022

$250.00

For Professors: Request permissions

  • Penguin Random House
  • Amazon
  • Barnes and Noble
  • Bookshop.org
  • Indiebound
  • Indigo
  • Books a Million

Other Retailers:

  • Penguin Random House
  • Amazon
  • Barnes and Noble
  • Bookshop.org
  • Indiebound
  • Indigo
  • Books a Million
  • Amazon.co.uk
  • Blackwells
  • Bookshop.org
  • Foyles
  • Hive
  • Waterstones
  • Request permissions
  • Description
  • Author(s)
  • Praise
  • Resources

A comprehensive reference for financial economics, balancing theoretical explanations, empirical evidence, and the practical relevance of knowledge in the field.

This volume offers a comprehensive, integrated treatment of financial economics, tracking the major milestones in the field and providing methodological tools. Doing so, it balances theoretical explanations, empirical evidence, and practical relevance. It illustrates nearly a century of theoretical advances with a vast array of models, showing how real phenomena (and, at times, market practice) have helped economists reformulate existing theories. Throughout, the book offers examples and solved problems that help readers understand the main lessons conveyed by the models analyzed. The book provides a unique and authoritative reference for the field of financial economics.

Part I offers the foundations of the field, introducing asset evaluation, information problems in asset markets and corporate finance, and methods of statistical inference. Part II explains the main empirical facts and the challenges these pose for financial economists, which include excess price volatility, market liquidity, market dysfunctionalities, and the countercyclical behavior of market volatility. Part III covers the main instruments that protect institutions against the volatilities and uncertainties of capital markets described in part II. Doing so, it relies on models that have become the market standard, and incorporates practices that emerged from the 2007–2008 financial crisis.

Antonio Mele is Professor of Finance at the Università della Svizzera Italiana and Senior Chair of the Swiss Finance Institute and a Research Fellow at the Centre for Economic Policy Research in London.

“Antonio Mele has written an extraordinarily ambitious synthesis of financial economics. Within a single framework, the breadth of coverage is unparalleled: from financial econometrics to information economics, from continuous time finance to macrofinance, from aggregate stock markets to credit derivatives. This will be an invaluable reference for academic researchers, quantitative investment practitioners, and students of finance alike.”

John Y. Campbell, Morton L. and Carole S. Olshan Professor of Economics, Harvard University

“This book is a treatise of financial economics. It not only provides an integrated and broad perspective but also a valuable map that allows students and researchers to navigate the literature on asset pricing from its foundational beginnings to recent cutting-edge developments.”

Markus Brunnermeier, Edwards S. Sanford Professor of Economics, Princeton University

Table of Contents

Introduction

Index

Chapter One

Related Books

Economic Dynamics
Advanced Microeconomics for Contract, Institutional, and Organizational Economics
The Work of the Future
Public Purpose
Financial Modeling
Global Fintech
Economic Dynamics in Discrete Time
Can Markets Solve Problems?
Bond Markets, Analysis, and Strategies
Advanced Microeconomic Theory
logo
  • Column 1
    • Books
    • Journals
    • The MIT Press Reader
    • Podcasts
    • Imprints
  • Column 2
    • The MIT Press
      • About
      • Bookstore
      • Catalogs
      • Conferences
      • Press Editorial Board
      • Jobs
      • Internships
      • Press Management Board
      • News
      • Staff
      • Code of Conduct
      • Give
  • Column 3
    • Site Help
      • Accessibility
      • FAQ
      • Our eBooks
      • Privacy Policy
      • Terms of Use
  • Column 4
    • Resources
      • Current Authors
      • Prospective Authors
      • Booksellers
      • Instructors
      • Rights and Permissions
      • Media Inquiries
      • MIT Discounts
  • Column 5
    • Digital
      • CogNet
      • Digital Partners and Products
      • Knowledge Futures Group
      • MIT Press Direct
  • US

    One Broadway 12th Floor Cambridge, MA 02142

  • UK

    Unit 57710 PO Box 6945 London W1A 6US UK

  • Contact

Connect

© 2022 MIT Press. All Rights Reserved.

Powered by Supadu