Asymmetric Information in Financial Markets

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Sprache: Englisch

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Beschreibung

Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.

Über den Autor

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.

Inhaltsverzeichnis

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.

Details

Erscheinungsjahr:	2011
Fachbereich:	Allgemeines
Genre:	Importe , Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Buch
ISBN-13:	9780521793421
ISBN-10:	0521793424
Sprache:	Englisch
Einband:	Gebunden
Autor:	Bebczuk, Ricardo
Hersteller:	Cambridge University Press
Verantwortliche Person für die EU:	Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße:	260 x 183 x 14 mm
Von/Mit:	Ricardo Bebczuk
Erscheinungsdatum:	10.01.2011
Gewicht:	0,531 kg