The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand fin

The economic theory of general equilibrium underpins the most important models used in economic theory in general and in its more specialized areas such as macr

'This book makes compelling reading for anyone interested in exploring the foundations of monetary theory from a rigorous general equilibrium perspective.' –

This work, now in a thoroughly revised second edition, presents the economic foundations of financial markets theory from a mathematically rigorous standpoint a