The economics of financial markets and institutions : from first principles /
"This manuscript is based on introductory lectures on financial economics that the author delivered to masters students in the Faculty of Law at the University of Oxford. The book approaches financial economics as an application of general economic theory to both financial markets and financial...
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| Format: | eBook |
| Language: | English |
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Oxford ; New York, NY :
Oxford University Press,
[2023]
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | "This manuscript is based on introductory lectures on financial economics that the author delivered to masters students in the Faculty of Law at the University of Oxford. The book approaches financial economics as an application of general economic theory to both financial markets and financial institutions. Accordingly, it presents both the general economic theory and its financial applications. The presentation is formal and rigorous, though the mathematics is simplified to the bare minimum. Formal analysis results in models that can be tested against real data (positive analysis), but can also be used as a basis for policy design (normative analysis). Unregulated (spontaneous) interaction serves as an interesting benchmark to the normative analysis, without pre-supposing that it is the most economically efficient arrangement"--Publisher's description. |
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| Physical Description: | 1 online resource : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780191965869 0191965863 9780192696786 0192696785 0192696793 9780192696793 |