Titlebook: Asset Pricing, Real Estate and Public Finance over the Crisis; Alessandro Carretta (Full professor of Financial M Book 2013 Palgrave Macmi

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Book 2013The current financial crisis started from the US real estate market and after, though the increase of risk premium requested by investors and due to the lack of liquidity of all financial markets, it became a world financial crisis. A detailed analysis during the crisis focuses attention on asset management, the real estate and public sector.

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978-1-349-45133-3Palgrave Macmillan, a division of Macmillan Publishers Limited 2013

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Asset Pricing, Real Estate and Public Finance over the Crisis978-1-137-29377-0Series ISSN 2523-336X Series E-ISSN 2523-3378

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Gilles Barthe,Anupam Datta,Sandro Etalle financial markets (Fama, 1970), stock prices should reflect all available information. However, the evidence of an autocorrelation of stock returns at short horizons (Jegadeesh and Titman, 1993; Moskowitz and Grinblatt, 1999; Hong et al., 2007) suggests that that stock prices do not fully adjust to new information.

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Some Notes on Pseudo-closed Sets,ments, new and more complex Risk Adjusted Performance measures (hereinafter RAP) are proposed. The rankings based on these new measures are not always coherent with those defined using more simple ones and could show qualities (like a higher time persistence) that are desirable for an investor (Carretta and Mattarocci, 2008).

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Introductionn by noise and so it is unpredictable (Fama, 1965). Literature demonstrates that irrational behaviour characterizes almost all the markets and random price dynamics in the financial market could be used in order to construct profitable investment strategies (i.a. De Long et al., 1990). The current f

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The Effects of Derivatives Trading on Stock Market Volatility and Market Efficiency: Some Evidence fIn particular, media and policy makers are concerned about how futures and options may affect the underlying spot market. In fact, it is believed that derivatives’ trading attracts speculators who can destabilize spot prices, allowing them to use the leverage and requiring only a margin of the entir

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How Much Globalization Is There in the World Stock Markets and Where Is It?arwal, 1999; Kearney and Poti, 2006; Eun and Lee, 2010; Aggarwal et al., 2010). The pros and cons of international economic and financial framework, featured by common trends and higher similarities, were considered from different perspectives. Moreover, different concepts and definitions of globali