Table of Contents:
  • Introduction : asymmetric information in financial markets
  • Adverse selection and the market for retail financial services
  • The structure and regulation of insurance markets
  • Capital market microstructure and regulation
  • Information revelation, transparency, and insider regulation
  • Security research and regulation
  • The equity market and managerial efficiency
  • The theory of financial intermediation
  • Convexity, excessive risk, and bank regulation
  • Bank runs, systemic risk, and deposit insurance
  • Bank regulation in practice
  • Financial structure and regulation.