by Kenneth A. Froot
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| List Price: | $49.95 |
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Product Description
Leading financial scholars present essays examining the performance of the basic financial functions underlying global financial systems: payments, lending and investing, pooling funds, allocating risk, providing information, and dealing with incentive issues--with particular emphasis on how their performance is changing and implications for the future.
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Average Customer Review:
2 of 4 people found the following review helpful:
great book to understand financial functions, 2000-04-21
I read the Japanese version of this book. This is one of the best finalce books I've ever read. This book helped me to understand much better the future of financial businesses. It is especially good in explaining: what is the rationale for financial intermediaries to exist, how capital markets evolved, why corporations hedge by themselves, and how asymmetric information affects financial instruments.
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