Book Reviews

Book reviewed in this article: The International Money Market: An Assessment of Forecasting Techniques and Market Efficiency. By RICHARD M. LEVICH. Implications of Regulation on Bank Expansion: A Simulation Analysis. By GEORGE S. OLDFIELD, Jr. Greenwich The Failure of Franklin National Bank. By JOAN EDELMAN SPERO. Public Utility Economics. By MICHAEL A. CREW and PAUL R. KLEINDORFER. Basic Real Estate Finance and Investments. By DONALD R. EPLEY and JAMES A. MILLAR. Modern Managerial Finance. By J. R. FRANKS and J. E. BOYLES. Managing Personal Finance. By HOLLEY H. ULBRICH and T. BRUCE YANDLE, Jr.     

Book Reviews

Book reviewed in this article: Principles of Financial Management. By BENTON GUP. The International Monetary System, 1945–1981. By ROBERT SOLOMON The Economics of Private Pensions. By ALICIA H. MUNNELL. Personal Finance. By JOHN D. PENSON, Jr., DONALD R. LEVI, and CLAIR J. NIXON. Financial Econometrics for Researchers in Finance and Accounting. By H. RUSSELL FOGLER and SUNDARAM GANAPATHY. Stochastic Methods in Economics and Finance. By A. G. MALLIARIS and W. A. BROCK. International Finance: Text and Cases. By GEORGE FEIGER and BERTRAND JACQUILLAT.     

Book Reviews

Book reviewed in this article: Real Estate Finance. By C. F. SIRMANS. Investments. By NANCY L. JACOB and R. RICHARDSON PETTIT. Homewood, Illinois: Richard D. Irwin, Inc., 1984. Pp. xxii + 973. Introduction to Financial Management. By JOHN A. HALLORAN and HOWARD P. LANSER. Glenview, Illinois: Scott, Foresman and Company, 1985. Pp. 766. Financial Institutions and Markets in a Changing World, second edition. By DONALD R. FRASER and PETER S. ROSE. Plano, Texas: Business Publications, Inc., 1984. Pp. x + 786. Money, Financial Institutions, and the Economy. By WILLIAM B. HARRISON. Plano, Texas: Business Publications, Inc., 1985. Pp. xix + 591.     

BOOK REVIEWS

Book reviewed in this article: Growth and Stability in a Mature Economy. By John Cornwall . Money in Britain 1959–1969. Edited by David R. Croome and Harry G. Johnson . Macroeconomics—Theory and Policy. By Fred R. Glahe . The Term Structure of Interest Rates: Financial Intermediaries and Debt Management. By Jacob B. Michaelsen . Intermediate Macroeconomics: Output, Inflation, and Growth. By D. C. Rowan and Thomas Mayer . Multinational Business Finance. By David K. Eiteman and Arthur L. Stonehill . International Managerial Finance. By J. Fred Weston and Bart Sorge . Finance. By William H. Jean . Federal Reserve System. By Benjamin Haggott Beckhart . National Housing Models. By R. Bruce Ricks . The Role of Private Placements in Corporate Finance. By Eli Shapiro and Charles R. Wolf . The Growth and Role of UK Financial Institutions 1880–1962. By David K. Sheppard . The Economics of Business Investment Abroad. By H. Peter Gray . The Financial Role of Multi-National Enterprises. By W. A. P. Manser .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Unemployment, Money Wage Rates, and Inflation. By George L. Perry . Monetary and Fiscal Policy. By Harold A. Wolf . Business Finance and Investments: The Corporate Merger. Edited by William W. Alberts and Joel E. Segall . Corporate Financial Reporting in a Competitive Economy. By Herman W. The Elusive Art of Accounting: A Brash Commentary on Financial Statements. By Howard Ross . Capital Budgeting: Current Practices and Their Efficiency. By George A. Christy . Investment Efficiency in a Socialist Economy. By Henryk Fiszel . The Management of Business Finance. By Paul G. Hastings . Financial Analysis of Investment Alternatives. By Raymond R. Mayer . Readings in Finance. Edited by Harold A. Wolf and Lee Richardson . Financial Institutions and Markets: Pension Funds: Measuring Investment Performance. By Peter O. Dietz . International Finance: Exchange-Rate Devaluation in a Semi-Industrialized Country: The Experience of Argentina 1955–1961. By Carlos F. Díaz Alejandro . International Liquidity: A Study in the Economic Functions of Gold. By Ian Shannon . Public Finance: A Capital Budget Statement for the U.S. Government. By Manard S. Comiez . Federal Tax Policy. By Joseph A. Pechman .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy: Capital and Growth. By John R. Hicks . Aggregate Theory and Policy: Essays in Monetary Policy in Honor of Elmer Wood. Edited by Pinkney C. Walker . Business Finance and Investments: Financial Accounting Theory. By Harold Bierman , Jr . Business Finance and Investments: Investment Decisions and Capital Costs. By James T. S. Porterfield . Financial Institutions and Markets: The Financial Sector and Economic Development: The Mexican Case. By Robert L. Bennett . Financial Institutions and Markets: Valuations of Securities as of December 31, 1965. By Committee on Valuation of National Association of Insurance Commissioners . Financial Institutions and Markets: Analytics and Institutions of Money and Banking. By William J. Frazer , Jr . and William P. Yohe . Financial Institutions and Markets: How to Analyze a Bank Statement. By F. L. Garcia . Financial Institutions and Markets: Cycles in Government Securities: Determinants of Changes in Ownership. By Michael E. Levy . Financial Institutions and Markets: California Banking in a Growing Economy: 1946–1975. Edited by Hyman P. Minsky . Financial Institutions and Markets: Government Securities Market. By Ira O. Scott , Jr . Financial Institutions and Markets: Readings in Money, National Income, and Stabilization Policy. Edited by Warren L. Smith and Ronald L. Teigen . International Finance: Foreign Exchange, Capital Flows, and Monetary Policy. By E. Ray Canterbery . International Finance: International Finance. By Richard Ward . International Finance: Report of the Study Group on the Creation of Reserve Assets: Report to the Deputies of the Group of Ten. Public Finance: Development Finance: Planning and Control. By Ursula K. Hicks . Public Finance: Federal Budget Policy. By David J. Ott and Attiat F. Ott . Public Finance: Pros and Cons of the Property Tax. By Dick Netzer . Public Finance: Fiscal Neutrality Toward Economic Growth: Analysis of a Tax Principle. By Edmund S. Phelps .     

Book Reviews

Book reviewed in this article: International Finance and Financial Policy. Edited by HANS R. STOLL. Futures Markets. By DANIEL R. SIEGEL and DIANE F. SIEGEL. Continuous-Time Finance. By ROBERT C. MERTON. Managing Financial Risk. By CLIFFORD W. SMITH, JR., CHARLES W. SMITHSON, and D. SYKES WILFORD.     

Book Reviews

International Corporate Finance. By MARK R. EAKER, FRANK J. FABOZZI, and DWIGHT GRANT. Real Options. By LENOS TRIGEORGIS. Modelling Fixed Income Securities and Interest Rate Options. By ROBERT A. JARROW. European Financial Reporting: A History. By PETER WALTON (editor).     

Book Reviews

Book reviewed in this article: Financial Aspects of the United States Pension System. Edited by ZVI BODIE and JOHN B. SHOVEN. Essentials of Financial Management. By GEORGE PINCHES. Current Asset Management. By JARL G. KALLBERG and KENNETH L. PARKINSON. Banking Deregulation and the New Competition in the Financial Services Industry. By KERRY COOPER and DONALD R. FRASER.     

Book Reviews

Book reviewed in this article: Futures Markets. By DARRELL DUFFIE. Englewood Cliffs, NJ: Prentice Hall, 1988. Pp. xi + 415. Bank Financial Decision Analysis. By DAVID R. DURST and DONALD G. CONNER. New York: Macmillan Publishing Company, 1989. Pp. viii + 280. Bank Financial Decision Analysis. By DAVID R. DURST and DONALD G. CONNER. New York: Macmillan Publishing Company, 1989. Pp. viii + 280. The S&L Insurance Mess: How Did It Happen? By EDWARD J. KANE. Washington, D.C.: The Urban Institute Press, 1989. Pp. xviii + 181. The S&L Insurance Mess: How Did It Happen? By EDWARD J. KANE. Washington, D.C.: The Urban Institute Press, 1989. Pp. xviii + 181.     

BOOK REVIEWS

Book reviewed in this article: Public Investment, The Rate of Return, and Optimal Fiscal Policy. By Kenneth J. Arrow and Mordecai Kurz. Making Monetary and Fiscal Policy. By G. L. Bach. Monetary Theory: Selected Readings. By R. W. Clower. An Essay on The Theory of Economic Prediction. By Lawrence R. Klein. Varieties of Monetary Experience. David Meiselman Inflation: The Problems it Creates and the Policies it Requires. By Arthur M. Okun, Henry H. Fowler, and Milton Gilbert. Growth Theory: An Exposition. By R. M. Solow. Liberalized Depreciation and Cost of Capital. By Eugene F. Brigham and James L. Pappas. Speculation, Hedging and Commodity Price Forecasts. By Walter C. Labys and C.W.J. Granger. Capital Budgeting: A Quantitative Evaluation of Investment Alternatives. By Robert V. Oakford. The Theory of Corporate Finance. By R. C. Stapleton. The Theory of Corporate Finance. By R. C. Stapleton. Investment Analysis ad Portfolio Management: Readings from British Publications. Edited by Basil Taylor. Economics of Financial Institutions and Markets. By Paul F. Smith. The Euro-Dollar Market. By E. Wayne Clendenning. Stand-by Arrangements. By Joseph Gold. The Economics of International Adjustment. Edited by Randall Hinshaw. The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns. By Michael Michaely. Foreign Investment in the Petroleum and Mineral Industries. By Raymond F. Mikesell and others. The Assessment of Land Value. Edited by Daniel M. Holland. The Analysis of Public Output, Julius Margolis Federal Tax Policy, Revised edition. By Joseph A. Pechman.     

Book Reviews

Book reviewed in this article: Recent Advances in Corporate Finance. Edited by EDWARD ALTMAN and MARTI SUBRAHMANYAM. Investments. By NANCY L. JACOB and R. RICHARDSON PETTIT. An Introduction to Financial Management. By GLENN V. HENDERSON, JR., GARY L. TRENNEPOHL, and JAMES E. WERT.     

Book Reviews

Book reviewed in this article: Share Markets and Portfolio Theory: Readings and Australian Evidence. Edited by RAY BALL, PHILIP BROWN, FRANK J. FINN, and R. R. OFFICER. The Economics of Taxation. Edited by HENRY AARON and MICHAEL BOSKIN. Foreign Exchange Management in U.S. Multinationals. By RITA M. RODRIGUEZ. Investment Strategies for Doctors. By DAVID A. UMSTEAD Investment Strategies for Doctors. By DAVID A. UMSTEAD Introduction to Financial Management. By IQBAL MATHUR Principles of Corporate Finance. By RICHARD BREALEY and STEWART MYERS Finance and Accounting for Nonfinancial Managers. By WILLIAM C. DROMS     

BOOK REVIEWS

Book reviewed in this article: An Aggregate Theory of International Payments Adjustment. By H. Peter Gray International Banking and Finance. By Francis A. Lees The Euro-Bond Market: Function and Structure. By Yoon S. Park Competing for Stock Market Profits. By Paul F. Jessup Investment Analysis. Edward E. Williams and M. Chapman Findlay III. Managerial Theories of the Firm. By J. R. Wildsmith The Theory of Microeconomic Policy. By Nancy Smith Barrett Public Finance, Planning and Economic Development: Essays in Honor of Ursula Hicks. Edited by Winfred L. David Broad-Based Taxes: New Options and Sources. Edited by Richard A. Musgrave Venture Capital. By John R. Dominguez     

Book Reviews

Book reviewed in this article: Financial Risk Management: Fixed Income and Foreign Exchange. By TIM S. CAMPBELL and WILLIAM A. KRACAW Financial Services: Perspectives and Challenges. Edited by SAMUEL L. HAYES Corporate Takeovers and Productivity. By FRANK R. LICHTENBERG The Econometric Modelling of Financial Time Series. By TERENCE C. MILLS Grain Futures Contracts: An Economic Appraisal. By S. CRAIG PIRRONG, DAVID HADDOCK, and ROGER KORMENDI Financial Institutions Management: A Modern Perspective. By ANTHONY SAUNDERS Advances in Behavioral Finance. By RICHARD H. THALER     

BOOK REVIEWS

Book reviewed in this article: The Banking Crisis of 1933. By Susan Estabrook Kennedy Studies in The Theory of Capital Markets, Edited by Michael C. Jensen Bank-Administered Commingled Pension Funds. By Edward Malca . Introduction to Investments and Finance: Theory and Analysis, by Fred B. Renwick . Conglomerates Unlimited: The Failure of Regulation. By John F. Winslow . European Monetary Unification. By Giovanni Magnifico . International Trade and Investment by Franklin R. Root Managing the Dollar. By Sherman J. Maisel . Theory of Demand: Real and Monetary. By M. Morishima and others. Public Finance. By Bruce R. Davie and Bruce F. Duncombe .     

BOOK REVIEWS

Book reviewed in this article: Aggregate Theory and Policy; Monetary Economics—Readings on Current Issues. By William Gibson and George Kaufman . Monetary Theory: Inflation, Interest, and Growth in the World Economy. By Robert A. Mundell . Business Finance and Investments; Utility Regulation During Inflation. Edited by Joseph E. Haring and Joseph F. Humphrey . Financial Management of Foreign Exchange. By Bernard A. Lietaer . The Corporate Economy. Robin Marris and Adrian Wood , Eds. Cash Management and the Demand for Money. By Daniel Orr . Risk, Return, and Equilibrium: A General Single-Period Theory of Asset Selection and Capital-Market Equilibrium. By Bernell K. Stone . Financial Institutions and Markets; Credit Rationing and the Commercial Loan Market. By Dwight M. Jaffee . A History of Financial Intermediaries. By Herman E. Krooss and Martin R. Blyn . International Finance; Canada's Experience with Fixed and Flexible Exchange Rates in a North American Capital Market. By Robert M. Dunn . Jr . Capital Transfers and Economic Policy: Canada, 1951–1962. By Richard E. Caves and Grant L. Reuber with Robert W. Baguley , John M. Curtis , Raymond Lubitz . Public Finance; Indirect Taxation in Developing Countries. By John F. Due . Tax Incentives and Capital Spending. Edited with commentary by Gary Fromm . Modern Public Finance: The Study of Public Sector Economics. Second Edition. By Bernard P. Herber . State and Local Finance. Edited by William E. Mitchell and Ingo Walter .     

BOOK REVIEWS

Book reviewed in this article: Introduction to Money and Banking. By Richard S. Thorn . Management of Bank Portfolios. By Stephen P. Bradley and Dwight B. Crane . The Principles of Monetary Economics. By James M. Boughton and Elmus R. Wicker . Selective Credit Controls in Western Europe. By Donald Hodgman . Financial Statement Analysis: A New Approach. By Baruch Lev . Foundations of Finance. By Eugene F. Fama . Investment Analysis and Securities Markets. By Morris Mendelson and Sidney Robbins . National Health Insurance: Benefits, Costs and Consequences. By Karen Davis .     

Book Reviews

Book reviewed in this article: The Law and Finance of Corporate Insider Trading: Theory and Evidence. By NASSER ARSHADI and THOMAS H. EYSSELL. Damodaran on Valuation: Security Analysis for Investment and Corporate Finance. By ASWATH DAMODARAN. Corporate Restructuring: Managing the Change Process from Within. By GORDON DONALDSON. The Day Trader's Manual: Theory, Art, and Science of Profitable Short-Term Investing. By WILLIAM F. ENG. Valuation of Fixed Income Securities. By FRANK FABOZZI. Strong Managers, Weak Owners: The Political Roots of American Corporate Finance. By MARK J. ROE.     

Book Reviews

Book Reviews in this Article: Managerial Finance: Principles and Practice. By STEVEN E. BOLTEN Introduction to Financial Management. By MAURICE JOY Essentials of Finance. By RAY G. JONES, JR. and DEAN DUDLEY The Politics and Economics of European Monetary Integration. By LOUKAS TSOUKALIS Eurocurrencies and the International Monetary System, Edited by CARL H. STEM, JOHN H. MAKIN, and DENNIS E. LOGUE Pension Plans and Public Policy. By WILLIAM C. GREENOUGH and FRANCIS P. KING The Pay Board's Progress: Wage Controls in Phase II. By ARNOLO R. WEBER and DANIEL J. B. MITCHELL Essays in Public Economics, The Kiryat Anavim Papers, Edited by AGNAR SANDMO