Contiene: 1. Money, bonds and economic activity.- 2. Term structure of interest rates.- 3. Theories on credit market, credit risk and economic activity.- 4. Empirical tests on credit market and economic activity.- 5. Approaches to stock market and economic activity.- 6. Macro factors and the stock market.- 7. New techonology and the stock market.- 8. Static portfolio theory: CAPM and extensions.- 9. Consumption based asset pricing models.- 10. Asset pricing models with production.- 11. Balance sheets exchange and financial instability.- 12. Exchange rate schocks, financial crisis and output loss.- 13. International portfolio and the diversificaction of risk.- 14. Agent basedand evolutionary modeling of asset markets.- 15. Behavioral models of dynamic asset pricing.- 16. Dynamic portfolio choice models: theory.- 17. Dynamic portfolio choice models: empirics.- 18. Some empirics on asset prices, leveraging and credit crisis.- 19. Credit, credit derivatives, and credit default.- 19. The mechanism of recent boom - bust cycles: credit, complex securities, and asset prices.- 20. Financial instability, financial culture and financial reform.