Financial Economicsprovides a comprehensive introduction to an exciting new field of economics for advanced undergraduate and postgraduate economists and finance specialists. It develops the main arguments in finance theory from an explicitly economic perspective. Economists can see how finance theory can be applied to economics, while finance specialists can appreciate the economic foundations of their favourite results in finance. The authors stress the theories of decision-making under uncertainty and of asymmetric information.
Introduction 1. Decision-making under Uncertainty Part I. Symmetric Information: Financial Markets 2. Portfolio Choice 3 Systems of Financial Markets. 4. Arbitrage and Option Pricing 5. Firms and Financial Markets Part II. Asymmetric Information: Financial Contracts 6. Debt Contracts and Credit Rationing 7. Deposit Contracts and Banking 8. Regulation of Banks 9. Towards Application: Financial Markets and Financial Intermediaries References Index
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