Financial Markets: Imperfect Information and Risk Management
Baldassarri, Mario / Bagella, M. / Paganetto, L.
This volume analyzes in great detail the problem of information and risk management. Both topics are a central issue in current financial and monetary economic literature. Several recent theoretical and empirical contributions consider asymmetric information between investors and financiers as a major determinant of financial risk. In this framework, we may regard financial and banking innovation as, on one hand, policy and individual agents' ...
