The Structure and Regulation of Financial Markets (Paperback)

Idioma: inglés

Editorial: Oxford University Press, Oxford, 2000

0198776101 / 9780198776109

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Paperback. Aimed at advanced undergraduate and graduate students in economics, banking, and finance, this is a core textbook for the financial markets, institutions, and regulation option of courses in financial economics. It integrates modern theories of asymmetric information into the analysis of financial institutions, relating the theory to current developments.The text begins with an analysis of adverse selection in retail financial products likelife assurance before looking at open capital markets where trades and prices provide information. It then progresses to the more complex areas of corporate governance and financial intermediation inwhich information is confidential and moral hazard and verification problems become important. These chapters study the various mechanisms that the financial markets have developed to allow investors to delegate the management of their assets to others. This analysis is used to show how regulation can reduce the risk of financial failure and how legal, accounting, and regulatory mechanisms can help shape a country's corporate and financial architecture.These difficulttheoretical concepts are conveyed through the careful use of numerical illustrations and topical case studies. Each chapter ends with a set of exercises to test and reinforce students' comprehension ofthe material. Worked solutions are provided for the numerical exercises. Aimed at advanced undergraduate and graduate students in economics, banking, and finance, this is a core textbook for the financial markets, institutions, and regulation option of courses in financial economics. It integrates modern theories of asymmetric information into the analysis of financial institutions, relating the theory to current developments. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

N° de ref. del artículo 9780198776109

Título
The Structure and Regulation of Financial Markets (Paperback)
Autor
Peter D. Spencer
Editorial
Oxford University Press, Oxford
Año de publicación
2000
Estado
new
Encuadernación
Paperback
Idioma
inglés
ISBN 10
0198776101
ISBN 13
9780198776109

CitiRetail

Stevenage, Reino Unido

Vendedor de 5 estrellas

Vendedor de AbeBooks desde 29 de junio de 2022

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