Handbook of Financial Econometrics Volume 2 - Applications

This collection of original articles-8 years in the making-shines a bright light on recent advances in financial econometrics. From a survey of mathematical and statistical tools for understanding nonlinear Markov processes to an exploration of the time-series evolution of the risk-return tradeoff for stock market investment, noted scholars Yacine Aït-Sahalia and Lars Peter Hansen benchmark the current state of knowledge while contributors build a framework for its growth. Whether in the presence of statistical uncertainty or the proven advantages and limitations of value at risk models, readers will discover that they can set few constraints on the value of this long-awaited volume

"With contributions from many of the world's leading scholars in financial econometrics, these volumes summarize the key advances in this field over the past two decades."

- Darrell Duffie, Stanford University


Applied financial econometrics subjects are featured in this second volume, with papers that survey important research even as they make unique empirical contributions to the literature.

These subjects are familiar: portfolio choice, trading volume, the risk-return tradeoff, option pricing, bond yields, and the management, supervision, and measurement of extreme and infrequent risks. Yet their treatments are exceptional, drawing on current data and evidence to reflect recent events and scholarship.

A landmark in its coverage, this volume should propel financial econometric research for years.


* Presents a broad survey of current research

* Contributors are leading econometricians

* Offers a clarity of method and explanation unavailable in other financial econometrics collections 

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MBA applications: Join the classroom that never closes

Juggling a career with mba study is no mean feat, but distance learning can help, says Helena Pozniak

 

Mobile technology has transformed learning. But while it’s easier than ever to combine face-to-face teaching with online study, this type of blended learning is no easy option. Students often continue in full-time executive roles while grappling with the weighty demands of a masters curriculum during evenings and weekends.

“Distance and blended learning is really only appropriate for experienced business professionals,” says Alick Kitchin, joint head of school at Edinburgh Business School (EBS), Heriot-Watt University, which is the largest provider of online MBAs in the world.

MBA programmes: A more thoughtful approach

Like many distance and blended learning providers, EBS caters for mature students — the average age is 34. Younger candidates might lack the experience to put their learning in context, explains Kitchin.

But his students don’t battle alone; many debate with peers and question tutors online. Some attend intensive courses on campus in Edinburgh or Dubai. About half of them choose to join classes led by one of EBS’s 30 international partners, and some opt to study entirely alone.

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