Product Description
This book concentrates on one of the most important directions for research on banking and finance for the next decade: the problem of information and risk management. Recent theoretical and empirical contributions consider asymmetric information between investors and financiers as a major determinant of financial risk. In this framwork, financial and banking innovation may be regarded as policy and individual agents` response to the problem of asymmetric information and risk management and also as a self-generated innovation process posing new challenges to policymakers in terms of informational efficiency and risk control.
About the Author
Mario Baldassarri is Professor of Economics, University of Rome La Sapienza and Editor of the journal Rivista di Politica Economica.
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.