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  • The economics of financial markets and institutions : from first principles
    Sussman, Oren
    This manuscript is based on introductory lectures on financial economics that I delivered to masters students in the Faculty of Law at the University of Oxford. We approach financial economics as an ... application of general economic theory to both financial markets and financial institutions. Accordingly, we present 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.
    Type of material - book
    Publication and manufacture - Oxford ; New York (NY) : Oxford University Press, 2023
    Language - english
    ISBN - 978-0-19-286973-9; 0-19-286973-6
    COBISS.SI-ID - 183352067

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