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Real Market Economics

The Fundamental Framework for Finance Practitioners

Authors: Rush, Philip

  • Provides a complete framework for the economics fundamentally driving real markets
  • Showcases how real markets are affected by market structure, updated for the new regulatory realities, and the behavior of its participants
  • Exposes bad and outdated academic assumptions, and provides practical reality and workarounds
  • Incorporates all the latest changes in policy frameworks, which are many and significant such as the coverage of macroprudential policy
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Buy this book

eBook 32,12 €
price for Spain (gross)
  • ISBN 978-1-349-95278-6
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 41,59 €
price for Spain (gross)
  • ISBN 978-1-349-95277-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book provides a framework for understanding the economics that drive markets, enabling investment professionals to understand the reality of markets and models, and to ‘be where the profits are’. 

Economics is about the allocation of resources, so it is at the heart of markets. And yet to many, economics is a field that feels far removed from the realities of what they see trading. Common sense, some entrepreneurial intuition and a decent dose of luck might seem like the only tools one needs to navigate a profitable course, especially when approaching a new financial market. 

This is, however, a weak framework. It is one where inconsistencies can thrive, cancelling out the rewards of erstwhile successful views or leaving no protection when risks crystallize. Of course, luck is always welcome, but there is no accounting for it. Relying on luck for returns is to make those returns completely un-replicable and thus unstable – a recipe for an unintentionally short relationship with real markets. A robust framework is needed instead.

Split into three parts, Real Market Economics first builds the core framework of economic concepts, starting with real levels of activity before turning to growth in it and then prices, ending with the dynamics of business cycles. Part two adds on the stabilizing crossbeams, including the new macroprudential policies next to the more conventional monetary and fiscal ones. It then addresses how we might watch and anticipate policy changes. Finally, part three liberally coats the framework with financial markets, thereby making the completed framework's robust structure truly useful for investing in real markets.


About the authors

Philip Rush is the Founder and Chief Economist of Heteronomics, where he leads and produces rigorous analysis for financial market participants across four continents. From 2010 to 2016, he was Nomura's Senior European Economist and the Chief UK Economist. Previously, he was Economist at Barclays Wealth and before this, Analyst at Lehman Brothers. Rush makes regular presentations to professional investors and policy-makers while writing research that has been regularly read by thousands of leading investment professionals. He is a regular commentator in the financial press and has featured in the Telegraph, FT and Business Insider, as well as CNBC, Bloomberg and many others. 

Table of contents (10 chapters)

Buy this book

eBook 32,12 €
price for Spain (gross)
  • ISBN 978-1-349-95278-6
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 41,59 €
price for Spain (gross)
  • ISBN 978-1-349-95277-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Real Market Economics
Book Subtitle
The Fundamental Framework for Finance Practitioners
Authors
Copyright
2018
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-349-95278-6
DOI
10.1057/978-1-349-95278-6
Hardcover ISBN
978-1-349-95277-9
Edition Number
1
Number of Pages
XIV, 191
Number of Illustrations and Tables
33 b/w illustrations
Topics