New Research in Financial Markets

Erscheinungsjahr 2002
ISBN: 978-0-19-924321-1
Verlag: OUP Oxford

Buch, Englisch, 376 Seiten, Print PDF, Format (B × H): 161 mm x 240 mm, Gewicht: 734 g

In recent years, European financial economists have been brought together, via research projects and conferences, by the Centre for Economic Policy Research (CEPR). These fruitful interactions have contributed to the development of financial economics in Europe, and have generated a strong flow of interesting writing---both theoretical and empirical---in the fields of financial markets and corporate finance.

The chapters in this volume and its companion volume, "Corporate Finance and Baking: A Reader", reflect the depth and breadth of the research interests of European scholars in financial economics. The analysis of financial markets presented in this collection enhances our understanding of asset pricing, both in the context of perfect markets and in the context of market imperfections, such as asymmetric information. Those chapters that appear in "Corporate Finance and Banking" further our understanding of the interaction between business cycle and financial imperfections, IPOs, takeover bids, and the interplay between banks and financial markets. Together, these two volumes comprise an authoritative and invaluable reference tool for scholars and others working in the fields of finance, corporate finance, and monetary economics.

Autoren/Hrsg.

Biais, Bruno

Pagano, Marco

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

- Introduction

- I. Asset Pricing

- 2: Bernard Dumas, Jeff Fleming, and Robert E. Whaley: Implied Volatility Functions: Empirical Tests

- II. Market Microstructure

- 4: Bruno Biais and Pierre Hillion: Insider and Liquidity Trading in Stock and Options Markets

- 5: Xavier Vives: The Speed of Information Revelation in a Financial Market Mechanism

- III. Speculation

- 7: Pierluigi Balduzzi, Giuseppe Bertola, and Silverio Foresi: Asset Price Dynamics and Infrequent Feedback Trades

- 8: Bruno Biais and Peter Bossaerts: Asset Prices and Trading Volume in a Beauty Contest

- 9: Stephen Morris and Hyun Song Shin: Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks

- IV. Asset Pricing and Corporate Finance

- 11: René M. Stulz and Walter Wasserfallen: Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence

Über Autor(innen)

Bruno Biais is Professor at the Université des Sciences Sociales, Toulouse.; Marco Pagano is Professor of Economics at the University of Salerno.