Skip to Main Content

The Economics of Financial Markets and Institutions: From First Principles

Online ISBN:
9780191965869
Print ISBN:
9780192869739
Publisher:
Oxford University Press
Book

The Economics of Financial Markets and Institutions: From First Principles

Oren Sussman
Oren Sussman
Reader in Finance, Said Business School
Find on
Published online:
24 August 2023
Published in print:
22 August 2023
Online ISBN:
9780191965869
Print ISBN:
9780192869739
Publisher:
Oxford University Press

Abstract

This manuscript is based on introductory lectures on financial economics that the author delivered to masters students in the Faculty of Law at the University of Oxford. The book approaches financial economics as an application of general economic theory to both financial markets and financial institutions. Accordingly, it presents both the general economic theory and its financial applications. The presentation is formal and rigorous, though the mathematics is simplified to the bare minimum. Formal analysis results in models that can be tested against real data (positive analysis), but can also be used as a basis for policy design (normative analysis). Unregulated (spontaneous) interaction serves as an interesting benchmark to the normative analysis, without pre-supposing that it is the most economically efficient arrangement.

Contents
Close
This Feature Is Available To Subscribers Only

Sign In or Create an Account

Close

This PDF is available to Subscribers Only

View Article Abstract & Purchase Options

For full access to this pdf, sign in to an existing account, or purchase an annual subscription.

Close