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The Structure and Regulation of Financial Markets

The Structure and Regulation of Financial Markets Law

The Structure and Regulation of Financial Markets

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Description
This lucid text brings together and explains the main theoretical developments in economic thinking about financial markets, institutions, and regulations over the last twenty-five years. It relates the theory of asymmetric information to the main financial developments in the US, UK, and other Anglo-Saxon countries. After a preliminary discussion of financial markets and their transparency, it looks at the role of financial intermediaries such as banks. It argues that these institutions can compete with efficient markets because they are confidential. The book goes on to discuss bank credit rationing, bank failure and systemic risk, and the way in which regulation can control these risks.
Product details
Edition:
1
Number of Pages:
284
Release Date:
2000-12-14
Publication Date:
2000-10-12
Publisher:
OUP Oxford
Languages:
Original: English
ISBN10:
0198776098
ISBN13:
9780198776093
GPSR Manufacturer Reference:
Weight:
593 g
Height:
161 cm
Width:
240 cm
Thickness:
20 cm
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