Asymmetric Information in Financial Markets : Introduction and Applications
Editorial Reviews
Book Description
Within the economist's abstraction of a "Perfect Market" it is assumed that all agents have access to the same timely, accurate and free information, and as a result allocative efficiency will be achieved. In practice this rarely happens and in most cases agents have access to different levels of information so that transactions are characterized by asymmetric information. This book presents the first integrated treatment of asymmetric information as both a macroeconomic and microeconomic phenomenon in financial markets.
Download Description
Within the abstraction of a 'Perfect Market' it is assumed that all agents have access to the same timely, accurate and free information, and as a result allocative efficiency will be achieved. In practice this rarely happens and in most cases agents have access to different levels of information so that transactions are characterised by asymmetric information. This book presents the first integrated treatment of asymmetric information as both a macroeconomic and microeconomic phenomenon in financial markets. Subjects include: protecting against asymmetric information, information problems and corporate financing, dividend policy, the financial system and economic growth, business cycles, and international capital flows.
--This text refers to the
Hardcover
edition.
Asymmetric Information in Financial Markets : Introduction and Applications
Asymmetric Information in Financial Markets : Introduction and Applications,Ricardo N. Bebczuk,Cambridge University Press,0521797322,Accounting - General,Business & Economics,Business / Economics / Finance,Business/Economics,Capital market,Credit control,Finance,Financial institutions,Business & Economics / Finance,International economics,Macroeconomics,Mathematical modelling,Microeconomics
Fun Book:
Recommended Books