Books Business, Finance & Law The Structure And Regulation Of Financial Markets

The Structure And Regulation Of Financial Markets.pdf

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Read online or download a free book: The Structure And Regulation Of Financial Markets

Pages: 284

Language: English

Publisher: Oxford University Press, USA (14 Dec. 2000)

By: Peter D. Spencer(Author)

Book format: pdf doc docx mobi djvu epub ibooks (*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.)

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.

Financial textbook analyzes financial products from the perspective of information theory; explains why financial markets and institutions are prone to failure; and addresses how regulation can reduce the risk of failure and how legal and regulatory constraints help shape a country's corporate and financial structures. Discusses asymmetric information in financial markets; adverse selection in the market for retail financial services; the structure and regulation of insurance markets; capital-market microstructure and regulation; information revelation, transparency, and insider regulation; security research and regulation; the equity market and managerial efficiency; the theory of financial intermediation; moral hazard in the bank loan and public bond markets, excessive risk, and bank regulation; bank runs, systemic risk, and deposit insurance; bank regulation in practice; and financial structure and regulation. Includes end-of-chapter exercises. (Journal of Economic Literature esFinancial textb)


Read online or download a free book: The Structure And Regulation Of Financial Markets.pdf

Download book - The Structure and Regulation of Financial Markets:Peter D. Spencer.pdf

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Customer reviews:

  • By Guest on 22 March 2012

    The book is useful for folks looking for a quick reference guide to how regulation works in financial industry. However I would recommend HBR articles on this subject that provide a better insight.

  • By v patel on 23 November 2015

    very good quality. just as desribed.

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