FindEcon Monograph Series: Advances in Financial Market Analysis, vol 1

Edited by Władysław Milo () and Piotr Wdowiński ()

in FindEcon Books: Forecasting Financial Markets and Economic Decision-Making from University of Lodz, currently edited by Piotr Wdowiński

Abstract: Policy-makers and economists are particularly interested in modeling and forecasting financial markets and in economic decision-making. These important issues are covered by both academic journals and popular press magazines. Financial globalization and integration of financial centers affect the economic growth in the world. Real-time transactions and capital flows influence stock markets, exchange rates and interest rates. Financial modeling and forecasting becomes more and more important issue for econometric applications. It also generates new theoretical issues and stimulates development of new econometric methods and testing procedures. We offer in this monograph a research possibility for economists and professionals to discuss the theoretical and empirical issues concerning the financial and more general macroeconomic topics. The topics in the book belong to the broad area of forecasting and economic decision-making in financial markets. The monograph covers a diversity of topics both theoretical and empirical. It gives the framework of financial markets modeling and forecasting, as well as prospects for economic growth in a short- and long-run. The topics include issues of capital market modeling in terms of stock and bond returns, long-run exchange and interest rates, and financial markets in the process of macroeconomic development. This monograph consists of four parts. Part One outlines stock market modeling. In Part Two there are considered issues on bond returns, fundamental portfolio selection and optimization procedures. Part Three is focused on long-run exchange rate and interest rate modeling. Finally, Part Four presents the role of financial market integration in economic development. This monograph was preceded by the international conference Forecasting Financial Markets and Economic Decision-Making (FindEcon 2005) organized by the Department of Econometrics at the University of Łódź, Poland. The scientific quality of the papers was assured by the conference Program Committee and independent referees. We appreciate their efforts and would like to thank them for their support. We are grateful to all contributors to this book as this is a selection of insightful studies on modeling and forecasting financial markets.

Keywords: Stock market modeling; Bonds and portfolio selection; Long-run exchange rate and interest rate modeling; Financial markets; Macroeconomic issues (search for similar items in EconPapers)
JEL-codes: C01 E02 F00 G00 (search for similar items in EconPapers)
Date: 2006
Edition: 1
ISBN: 978-83-7525-022-0
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.repec.uni.lodz.pl/RePEc/files/findec/2006/2006_No_1_Ch_0.pdf (application/pdf)

Chapters in this book:

Ch 1 The Foreign Exchange and the Market Microstructure of the Polish Zloty , pp 15-25

Stanisław Kluza and Andrzej Sławiński

Ch 2 Behavioral Finance and Its Applications on Decision-Making in Financial Markets , pp 27-44

Philippe De Brouwer

Ch 3 Can the Dividend Yield Strategies Beat the Market? Evidence from the Polish Stock Market 1994-2004 , pp 45-59

Janusz Brzeszczynski and Jerzy Gajdka

Ch 4 An Analysis from Some Stock Exchange Indexes in Relation to Market Ratios , pp 61-70

Waldemar Tarczyński and Małgorzata Łuniewska

Ch 5 Investments Funds in Poland and Worldwide , pp 71-86

Wiesław Dębski

Ch 6 Bond Potrfolio Immunization in Arbitrage Free Models , pp 89-100

Alina Kondratiuk-Janyska and Marek Kaluszka

Ch 7 Yield Rate on a Callable Zero-Coupon Bond , pp 101-111

Joanna Klimkowska

Ch 8 Risk-Return Profile of the Investors on the Polish Treasury Bond Market , pp 113-128

Marcin Stamirowski

Ch 9 R&D Portfolio Selection Based on Conditional Stochastic Dominance , pp 129-139

Grażyna Trzpiot

Ch 10 Notes on Forecasting Real Equlibrium Exchange Rates of PLN against USD , pp 143-154

Władysław Milo and Magdalena Rutkowska

Ch 11 Modeling and Forecasting Exchange Rates: A Monetary Approach , pp 155-172

Piotr Wdowiński and Aneta Zglińska-Pietrzak

Ch 12 Determinants of Exchange Rate of Slovak Crown Against Polish Zloty - Dornbusch Monetary Model , pp 173-185

Eva Rublikova and Magdalena Rutkowska

Ch 13 Exchange rate Modeling - A Fundamental Analysis for Poland , pp 187-202

Kazimierz Krauze

Ch 14 Interbank Market under the Currency Board: case of Lithuania , pp 203-218

Marius Jurgilas

Ch 15 Macroeconomic Effects of a Monetary Union Enlargement: Theoretical Analysis in the Framework of Linear-Quadratic Differential Games , pp 221-243

Joseph Plasmans, Jacob Engwerda, Bas van Aarle and Tomasz Michalak

Ch 16 Monetary an Fiscal Policies for Slovenia an the Road to Full Monetary Integration , pp 245-256

Klaus Weyerstrass

Ch 17 Measuring Human capital in Poland , pp 257-271

Grzegorz Szafrański

Ch 18 Europe of One Price? , pp 273-288

Jakub Kowalski

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Persistent link: https://EconPapers.repec.org/RePEc:ann:findeb:book:y:2006:n:01:mon

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