Integration, Efficiency and Expectations
Integration, Efficiency and Expectations
The important connection between financial processes and the macroeconomic environment has been revealed in some of today s most inventive economic analysis. Areas of current interest include stock market rationality, expectations and the term structure of interest rates, financial market volatility, and the business cycles debate.
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Considers the interaction of the real and financial sectors of the economy. The book studies the relationship between theoretical models and the actual, and asks how the functioning of national and international capital markets should be evaluated.
