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Look Inside Asymmetric Information in Financial Markets

Asymmetric Information in Financial Markets
Introduction and Applications

$156.00 (X)

  • Date Published: September 2003
  • availability: Available
  • format: Hardback
  • isbn: 9780521793421

$ 156.00 (X)

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About the Authors
  • 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.

    • Employs simple mathematical and statistical tools
    • Was the first intermediate and advanced introductory book on asymmetric information on the market
    • An important topic brought to a broader, non-specialist audience
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    Product details

    • Date Published: September 2003
    • format: Hardback
    • isbn: 9780521793421
    • length: 172 pages
    • dimensions: 254 x 178 x 11 mm
    • weight: 0.52kg
    • contains: 8 b/w illus. 17 tables
    • availability: Available
  • Table of Contents

    Part I. Conceptual Foundations:
    1. An introduction to asymmetric information problems in financial markets
    2. Protective mechanisms against asymmetric information
    Part II. Applications To Corporate Finance:
    3. Information problems and corporate financing
    4. Asymmetric information and dividend policy
    Part III. Macroeconomic Applications:
    5. Asymmetric information, the financial system and economic growth
    6. Asymmetric information and business cycles
    7. Asymmetric information and the functioning of the financial system
    8. Asymmetric information and international capital flows.

  • Author

    Ricardo N. Bebczuk, Universidad Nacional de La Plata, Argentina
    Ricardo N. Bebczuk is Professor at the Department of Economics, Universidad-Nacional de La Plata, Argentina. He is an International Consultant and Lecturer on financial issues.

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