The Structure and Regulation of Financial Markets

• Combines an explanation of theory with practical examples and case studies of recent developments in financial markets
• Makes accessible material that students tend to find difficult

Readership: Final-year undergraduate and graduate/MBA students taking a course in financial economics, for the segment on financial institutions and regulation; practitioners working in financial institutions

Peter D. Spencer, Professor of Financial Economics, Birkbeck College, London

1: Introduction: Asymmetric Information in Financial Markets
2: Adverse Selection and the Market for Retail Financial Services
3: The Structure and Regulation of Insurance Markets
4: Capital Market Microstructure and Regulation
5: Information Revelation, Transparency, and the Regulation of Insider Dealing
6: Security Research and Regulation
7: The Equity Market and Managerial Efficiency
8: The Theory of Financial Intermediation
9: Convexity, Excessive Risk, and Regulation of Banks
10: Bank Runs, Deposit Insurance, and the Role of the Regulator
11: Bank Regulation in Practice
12: Financial Structure and Regulation