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This volume analyzes in great detail the problem of information and risk management. Both topics are a central issue in current financial and monetary economic literature. Several recent theoretical and empirical contributions consider asymmetric information between investors and financiers as a major determinant of financial risk. In this framework, we may regard financial and banking innovation as, on one hand, policy and individual agents' response to the problem of asymmetric information and risk management and, on the other, as a self-generated innovation process posing new challenges to policymakers in terms of information efficiency and risk control. This volume concentrates on one of the most important directions for research on banking and finance for the next decade.
|Publisher:||Palgrave Macmillan UK|
|Series:||Central Issues in Contemporary Economic Theory and Policy Series , #13941|
|Product dimensions:||5.51(w) x 8.50(h) x 0.05(d)|
About the Author
Michele Bagella is Professor of Monetary Economics, University of Rome Tor Vergata.
Luigi Paganetto is Professor of Economics, University of Roma Tor Vergata and Vice-President of the Italian National Council of Research.