The Structure and Regulation of Financial Markets - Couverture rigide

Spencer, Peter D.

 
9780198776093: The Structure and Regulation of Financial Markets
Couverture rigide
ISBN 10 : 0198776098 ISBN 13 : 9780198776093
Editeur : Oxford University Press, 2000

Synopsis

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 like life 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 in which information is concealed or 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 difficult theoretical 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 of the material. Worked solutions are provided for the numerical exercises.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Peter D. Spencer is Professor of Financial Economics at Birkbeck College, London and Economic Adviser to the Ernst & Young ITEM Forecasting Club. He started his career at HM Treasury and spent ten years working in the City of London, most recently as Chief Economist of Dresdner Kleinwort Benson. He is chairman of the Shadow Monetary Policy Committee and Assured Property Management plc.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Oxford University Press
Date d'édition
2000
Langue
anglais
ISBN 10 
0198776098
ISBN 13 
9780198776093
Reliure
Relié
Nombre de pages
280
Coordonnées du fabricant
non disponible
Personne responsable
Ufficio Anagrafiche Messaggerie
ufficio.anagrafiche@meli.it

Via Verdi, 8
Assago Milano
20090
Italie

Autres éditions populaires du même titre

9780198776109: The Structure and Regulation of Financial Markets

Edition présentée

ISBN 10 :  0198776101 ISBN 13 :  9780198776109
Editeur : Oxford University Press, USA, 2000
Couverture souple