Introduction : asymmetric information in financial markets -- Adverse selection and 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 -- Convexity, excessive risk, and bank regulation -- Bank runs, systemic risk, and deposit insurance -- Bank regulation in practice -- Financial structure and regulation
Summary
This textbook brings together and explains the main theoretical developments in economic thinking about financial markets and institutions since the 1970s
Bibliography
Includes bibliographical references (pages 247-256) and index
