Insegnamenti I & II Livello
Programma dell'insegnamento: Information and capital markets
Corsi di Laurea
BFMF, EC, FAMF
Codice Cfu Insegnamento
2Information and capital markets
Semestre
II sem.
Docente
Ruiz Maria Laura
tel: 050-2216216  email: mlruiz@ec.unipi.it
ricevimento: Giovedi 10:00 11:30 Venerdi 10:00 11:30
Ore di lezione
12

Oggetto
The consequences of the presence of agents with different information in financial markets. Agency problems (adverse selection and moral hazard). Examples: credit market, microcredit, financial structure of the firms.

Apprendimento in termini di conoscenza
To understand how the information different agents have influences their relationship in financial markets; to find the appropriate contracts to select and incentivate agents.

Programma
Asymmetric information in financial markets
Hidden information and adverse selection
Hidden action and moral hazard (principal-agent problem)
Examples: credit contracts, microcredit, financial structure of firms, financial intermediaries, regulation, financial crises

Testi consigliati per l'esame
ARMENDARIZ DE AGHION, B. MORDUCH, J. (2005), The economics of microfinance, ch. 2 and 4
MISHKIN, F.S. (2004), The economics of money banking and financial markets, Peason, Addison Wesley, seventh edition, ch. 8

prova di esame
There will be an oral examination
indietro