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Asymmetric Information in Financial Markets

Asymmetric Information in Financial Markets book

Asymmetric Information in Financial Markets

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Description
Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.
Product details
Edition:
1
Number of Pages:
172
Release Date:
2003-08-21
Publication Date:
2011-01-10
Publisher:
Cambridge University Press
Languages:
Original: English
ISBN10:
0521793424
ISBN13:
9780521793421
Weight:
531 g
Height:
183 cm
Width:
260 cm
Thickness:
14 cm
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