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Item Details
Title: FINANCIAL MARKETS
IMPERFECT INFORMATION AND RISK MANAGEMENT
By: Mario Baldassarri (Editor), Michele Bagella (Editor), Luigi Paganetto (Editor)
Format: Hardback

List price: £139.99


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 0333802047
ISBN 13: 9780333802045
Publisher: PALGRAVE MACMILLAN
Pub. date: 11 July, 2001
Series: Central Issues in Contemporary Economic Theory and Policy
Pages: 390
Description: This volume analyzes the problem of information and risk management. Both topics are a central issue in current financial and monetary economic literature. The framework looks at the topic in two ways: as a response to asymmetric information, and as a self-generated innovation process.
Synopsis: This volume analyzes in great detail the problem of information and risk management. Both topics are a central issue in current financial and monetary economic literature. Several recent theoretical and empirical contributions consider asymmetric information between investors and financiers as a major determinant of financial risk. In this framework, we may regard financial and banking innovation as, on one hand, policy and individual agents' response to the problem of asymmetric information and risk management and, on the other, as a self-generated innovation process posing new challenges to policymakers in terms of information efficiency and risk control. This volume concentrates on one of the most important directions for research on banking and finance for the next decade.
Illustrations: biography
Publication: UK
Imprint: Palgrave Macmillan
Returns: Returnable
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