Financial Markets : Imperfect Information and Risk Management
Book Details
Format
Hardback or Cased Book
ISBN-10
0333802047
ISBN-13
9780333802045
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jul 11th, 2001
Print length
390 Pages
Ksh 23,400.00
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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 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.
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