The Structure and Regulation of Financial Markets
本书为非专业读者介绍金融市场及其监管的理论与实践，面向本科生，从信息与代理理论角度组织内容，涵盖保险、资本市场、银行监管等十二个主题。
The book aims to provide the reader with a non‐technical introduction to the theory and practice of financial markets and their regulation. The level is indicated to be geared towards BSc students. What is novel in this textbook is the fact that the diverse topics are addressed from the angle of information and agency theory, which also acts as the organising principle of practice and theory. The book is divided into twelve chapters: 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 Insider Regulation 6. Security Research and Regulation 7. The Equity Market and Managerial Efficiency 8. The Theory of Financial Intermediation 9. Convexity, Excessive Risk, and Bank Regulation 10. Bank Runs, Systemic Risk, and Deposit Insurance 11. Bank Regulation in Practice 12. Financial Structure and Regulation