Intro
Preface
About This Book
Contents
About the Author
List of Figures
List of Tables
1 Introduction
References
2 Efficient Markets
2.1 Historical Notes
2.2 Arbitrage and Asset Pricing
2.2.1 A Discrete State-Space Framework
2.2.2 Asset Pricing and Time
2.3 Equivalent Risk-Neutral Valuation
2.4 Review and Further Readings
References
3 Equity Premium
3.1 Excess Stock Market Returns
3.2 Volatility Bounds
3.3 The Capital Asset Pricing Model
3.4 Behavioural Perspectives
References
4 The Dividend Ratio Model

4.1 A Static Regression Framework
4.2 Empirical Findings
4.3 Behavioural Interpretation
4.3.1 A Log-Linear Approximation
4.3.2 Heuristics and Biases
4.4 Review and Further Readings
References
5 Bond Valuation
5.1 Discount Bonds
5.2 Coupon Bonds
5.3 Taxation
5.4 Review and Further Readings
References
6 Yield Curves
6.1 Expectations Hypothesis
6.2 Forward Rates
6.2.1 Spot and Forward Rates
6.2.2 Continuous Time Relations
6.3 Term Premia
6.4 Review and Further Readings
References
7 Term Structure Models

7.1 Spot Rate Spread Regressions
7.1.1 Term Spreads
7.1.2 Regression Model
7.1.3 Estimation Outcomes
7.2 Forward Rate Regressions
7.3 Dynamic Analysis
7.4 Behavioural Perspectives
References
8 Real Estate Market
8.1 Housing Prices
8.1.1 Housing Volatility Bounds
8.1.2 Excess Return Regressions
8.1.3 Empirical Outcomes
8.2 Rational Speculative Bubbles
8.3 Mortgages
8.4 Review and Further Readings
References
9 Derivative Securities
9.1 Futures Pricing
9.2 Options
9.3 Swaps
9.4 Review and Further Readings
References
10 Conclusion