Browse Hierarchy ECON5002: Financial Markets and Institutions

This module examines the nature of financial markets and the role of financial intermediaries, such as banks, within such markets. Among the issues analysed are the nature of market efficiency, the extent to which asset prices reflect rational decisions as compared to psychological or speculative factors, the comparative merits of market-based and institution-based finance and the question of financial regulation. The module will examine both theoretical models and the recent experience of both markets and institutions.