Asymmetric Information in Financial Markets 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024

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Ricardo N. Bebczuk 作者

Cambridge University Press

译者

2003-9-15 出版日期

172 页数

USD 49.99 价格

Paperback

丛书系列

9780521797320 图书编码

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发表于2024-11-27

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Asymmetric Information in Financial Markets 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

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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.

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