The Structure and Regulation of Financial Markets
Spencer, Peter D.![The Structure and Regulation of Financial Markets](https://support.digitalhusky.com/media/annotations/sorted/224/22404017/CHSBZCOP0322404017.jpg)
This lucid text brings together and explains the main theoretical developments in economic thinking about financial markets, institutions, and regulations over the last twenty-five years. It relates the theory of asymmetric information to the main financial developments in the US, UK, and other Anglo-Saxon countries. After a preliminary discussion of financial markets and their transparency, it looks at the role of financial intermediaries suc...