Asymmetric Information in Financial Markets: Introduction and Applications

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.

Author: Ricardo N. Bebczuk
Publisher: Cambridge University Press
Published: 09/15/2003
Pages: 172
Binding Type: Paperback
Weight: 0.80lbs
Size: 9.70h x 6.88w x 0.45d
ISBN: 9780521797320

About the Author
Bebczuk, Ricardo N.: - 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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