New Releases by Burton Gordon Malkiel

Can expectations alone explain the yield differentials among bonds of different maturities? To what extend do attitudes toward risk and transactions costs influence the behavior of bond investors? Is it possible for the Federal Reserve to "twist" the interest-rate structure in accordance with its policy objectives? These are among the questions treated. Originally published in 1966. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

A long literature in empirical finance has isolated both a "value" and a small-capialization effect in asset pricing. This study confirms the existence of these "style" effects both in new types of equity indexes and in the stocks of Chinese companies traded in international markets. We then present a new nonparametric method of portfolio construction that enables investors to extract the predictive power of these style effects, without diluting their efficacy through an unintended weighting distribution that closely resembles capitalization weghting. We then develop a simple method to isolate periods where styple tilts are likely to be particularly effective.

The author of "A Random Walk Down Wall Street" explains why and how the Chinese economy is poised for significant gains in the near future. It highlights not only Chinese firms and industries but also multinationals in the U.S. and elsewhere that are likely to benefit from China''s explosive growth.

An introduction the the basics of investing presents ten rules designed to promote long-term financial success and security.

Tracking the latest risks and rewards on Wall Street, the perennial bestseller offers reliable investment advice for the new century.

The bestselling author of "A Random Walk Down Wall Street" collaborates with an award-winning New York University economist to create a book that maps a clear trail through the jungle of emerging global markets, showing where to track down the world''s best investment bargains.

Contending that the eighties will be a boom period for the stock market, Malkiel, a noted economist, suggests that the best investment strategy for overcoming double-digit inflation is the common stock