ENGLISH

The structure and regulation of financial markets

By Peter D. Spencer

Book information

Publisher
Oxford University Press, USA
Year
2000
ISBN
0198776098, 9780198776093, 9780585372341
Open Library ID
OL3965379M
Language
english
Format
CHM
Filesize
765 kB (783354 bytes)
Pages
\0
Topic
Economy
Library
Kolxo3
Time added
2010-07-29 05:14:56

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.

Similar books