Maritime Economics: A Macroeconomic Approach by Karakitsos, E., Varnavides, L.

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Item specifics

Condition
Good: A book that has been read but is in good condition. Very minimal damage to the cover including ...
Book Title
Maritime Economics: A Macroeconomic Approach
ISBN
9781137441171
Category

About this product

Product Identifiers

Publisher
Palgrave Macmillan The Limited
ISBN-10
1137441178
ISBN-13
9781137441171
eBay Product ID (ePID)
201596704

Product Key Features

Number of Pages
Xiv, 372 Pages
Language
English
Publication Name
Maritime Economics : a Macroeconomic Approach
Publication Year
2014
Subject
Industries / General, Economics / Macroeconomics, International / General, Ships & Shipbuilding / General, Industries / Transportation
Type
Textbook
Subject Area
Transportation, Business & Economics
Author
Lambros Varnavides, Elias Karakitsos
Format
Hardcover

Dimensions

Item Height
1.2 in
Item Weight
248.2 Oz
Item Length
10 in
Item Width
7.6 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
2014-469478
Dewey Edition
23
Reviews
"The merit of this book is that it is able to attract a diverse audience; from pure practitioners to pure researchers but also any reader attempting to understanding the shipping markets from both angles. This can encourage the reader to navigate between theory and practice. ... This book is worthwhile reading as I believe it can be inspirational for the readership on the path which can be pursued in terms of maritime economics research from a macroeconomic perspective." (Enrico D'agostini, WMU Journal of Maritime Affairs, Vol. 23 (4), 2024)
Number of Volumes
1 vol.
Illustrated
Yes
Dewey Decimal
387.51
Table Of Content
1. Introduction 2. The Theoretical Foundations of the Freight Market 3. The Shipyard, Scrap and Secondhand Markets 4. The Efficiency of Shipping Markets 5. Business Cycles 6. The Theory of Shipping Cycles 7. The Market Structure of Shipping and Ship Finance 8. The Financialisation of Shipping Markets 9. The Interaction of Business and Shipping Cycles in Practice 10. Investment Strategy Bibliography
Synopsis
The 21st century has seen shipping evolve from a fundamental transport industry into an asset which is at the mercy of speculative flows and business cycles. This structural shift has a number of important ramifications for the business of shipping as well as for investment strategy. This ground breaking text develops a new macroeconomic approach to maritime economics, with an emphasis on the individual shipping markets and their interdependence, in order to arm the reader with a more comprehensive understanding of the way modern shipping markets function and enable the making of critical decisions such as when to buy and sell ships and when to be in the spot or the period market. Karakitsos and Varnavides bring together their wealth of experience in shipping, finance and academia to make a number of key contributions to the study of maritime economics including: * Viewing Freight rates as asset prices determined as a bargaining game between charterers and owners who form expectations of future demand and supply to create a dynamic analysis of freight rates.* Theorising ships as assets, where prices are determined by demand and supply. * Explaining how the demand for vessels is derived as a dynamic problem of fleet capacity expansion.* Integrating the supply and the expectations approaches to shipping cycles.* Explaining how shipping cycles are caused by business cycles and expectations in demand by integrating maritime economics with macroeconomics.Maritime Economics: A Macroeconomic Approach is divided into three distinct parts; Part I analyses the micro-foundations of maritime economics, by deriving the demand and supply functions in the freight (spot and period), shipyard, second-hand and scrap markets. Part II reviews the efficiency of shipping markets and the theory of business and shipping cycles. Part III analyses the financialisation of shipping markets, the constraints of ship finance, the interaction between business and shipping cycles, and offers a case study of how decisions should be taken. This key text is indispensable reading for advanced undergraduate students studying maritime economics or shipping degrees as well as for professionals working in the shipping industry or in the financial sector., This book analyses shipping markets and their interdependence. This ground-breaking text develops a new macroeconomic approach to maritime economics and provides the reader with a more comprehensive understanding of the way modern shipping markets function.
LC Classification Number
HF1351-1647

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