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The Structure and Regulation of Financial Markets | Oxford Scholarship Online
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The Structure and Regulation of Financial Markets

Peter D. Spencer


Aimed at advanced undergraduate and graduate students in economics, banking, and finance, this is a core textbook for the financial markets, institutions, and regulation option of courses in financial economics. It integrates modern theories of asymmetric information into the analysis of financial institutions, relating the theory to current developments. The text begins with an analysis of adverse selection in retail financial products such as life assurance, before looking at open capital markets where trades and prices provide information. It then progresses to the more complex areas of cor ... More

Keywords: regulation, financial markets, financial institutions, life assurance, capital markets, corporate governance, financial intermediation, moral hazard, verification, investors

Bibliographic Information

Print publication date: 2000 Print ISBN-13: 9780198776093
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780198776093.001.0001


Affiliations are at time of print publication.

Peter D. Spencer, author
Birkbeck College, London