Financial Economics

Paperback | April 1, 1997

byJurgen Eichberger, Ian R. Harper

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Financial economics is an exciting new field of study that integrates the theory of finance and financial institutions into the main body of economic theory. In doing so, it draws on insights from general equilibrium analysis, information economics, and the theory of contracts. Financial Economics is a self-contained and comprehensive introduction to the field for advanced undergraduate and postgraduate economists and finance specialists. It develops the main ideas in finance theory, including the CAPM, arbitrage pricing, option pricing, and the Modigliani-Miller theoremwithin an economic framework. Students of economics are shown how finance theory derives from foundations in economic theory, while students of finance are given a firmer appreciation of the economic logic underlying their favourite results. Financial Economicsprovides all the technical apparatus necessary to read the modernliterature in financial economics and the economics of financial institutions. The book is self-contained in that the reader is guided through branches of the theory, as necessary, in order to understand the main topics. Numerous examples and diagrams illustrate the key arguments, and the main chapters are followed by guides to the relevant literature and exercises for students.

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Financial economics is an exciting new field of study that integrates the theory of finance and financial institutions into the main body of economic theory. In doing so, it draws on insights from general equilibrium analysis, information economics, and the theory of contracts. Financial Economics is a self-contained and comprehens...

Jurgen Eichberger is at University of Saarland. Ian R. Harper is at Melbourne Business School.

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Format:PaperbackDimensions:290 pages, 9.21 × 6.14 × 0.67 inPublished:April 1, 1997Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198775407

ISBN - 13:9780198775409

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Table of Contents

Introduction1. Decision-making under UncertaintyPart I. Symmetric Information: Financial Markets2. Portfolio Choice3. Systems of Financial Markets. 4. Arbitrage and Option Pricing5. Firms and Financial MarketsPart II. Asymmetric Information: Financial Contracts6. Debt Contracts and Credit Rationing7. Deposit Contracts and Banking8. Regulation of Banks9. Towards Application: Financial Markets and Financial IntermediariesReferencesIndex