New Research in Financial Markets

by Bruno Biais, Marco Pagano

Overview

The selection of papers presented in these two volumes reflects the depth and breadth of the research interests of European scholars in financial economics. Topics discussed include asset pricing in the context of perfect markets and of market imperfections, the interaction between business cycle and financial imperfections, take over bids, and the interplay between banks and financial markets. These two volumes will provide an invaluable reference tool for scholars in the field.

Product Details

ISBN-13:	9780199243228
Publisher:	Oxford University Press
Publication date:	05/03/2002
Pages:	376
Product dimensions:	6.10(w) x 9.10(h) x 0.90(d)

About the Author

Universite des Sciences Sociales Toulouse

University of Salerno

Table of Contents

IntroductionPart I. Asset Pricing1. Evaluating Portfolio Performance with Stochastic Discount Factors, Magnus Dahlquist and Paul Söderlind2. Implied Volatility Functions: Empirical Tests, Bernard Dumas, Jeff Fleming, and Robert E. WhaleyPart II. Market Microstructure3. Insider Trading without Normality, Jean-Charles Rochet and Jean-Luc Vila4. Insider and Liquidity Trading in Stock and Options Markets, Bruno Biais and Pierre Hillion5. The Speed of Information Revelation in a Financial Market Mechanism, Xavier VivesPart III. Speculation6. Arbitrage Chains, James Dow and Gary Gorton7. Asset Price Dynamics and Infrequent Feedback Trades, Pierluigi Balduzzi, Giuseppe Bertola, and Silverio Foresi8. Asset Prices and Trading Volume in a Beauty Contest, Bruno Biais and Peter Bossaerts9. Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks, Stephen Morris and Hyun Song ShinPart IV. Asset Pricing and Corporate Finance10. Design and Valuation of Debt Contracts, Ronald W. Anderson and Suresh Sundaresan11. Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence, René M. Stulz and Walter WasserfallenIndex