Browse Hierarchy ACFI7012: Financial Markets and Institutions

This module examines the advantages and disadvantages of markets and institutions as ways of linking users and providers of funds within financial systems. In order to do this it covers a variety of topics in both the analysis of financial markets and the operation of financial institutions. With regard to markets the focus is on issues of asset pricing and market efficiency. In particular we will examine the challenge to the efficient markets viewpoint which has been mounted by theorists of behavioural finance. With regard to institutions we will examine the transformation of the financial sector as a result of globalisation, technical innovation and regulatory change. The module concludes by examining regulatory issues. An international and comparative dimension is emphasised throughout.