Quantitative approach: This will be one of very few books that takes a quantitative approach to bubbles and contagion in the markets 

Topical: Recent financial crises have led to a surge of interest in market microstructure topics and interest is likely to increase 

Grounded in practice: Despite a mathematical approach, the book will be very much grounded in practice and in what is happening or has happened in the markets, making it an ideal desk reference for trading practitioners and firms This book focuses on extending the models and theories (from a mathematical/statistical point of view) which were introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles and contagion, volume II digs far more deeply and widely into the modeling aspects.