{"title":"Pierre-Olivier Weill","description":"\u003cp\u003e\u003cstrong\u003ePierre-Olivier Weill\u003c\/strong\u003e offers insightful explorations into the intricate dynamics of financial markets, particularly focusing on areas such as over-the-counter trading. His writings combine rigorous economic theory with practical analysis, making complex financial concepts accessible to both professionals and students.\u003c\/p\u003e\n\n\u003cp\u003eReaders seeking a deeper understanding of market mechanisms, investment strategies, and financial regulation will find Weill’s work both enlightening and thought-provoking. His contributions stand out for their clarity and relevance in the field of \u003cem\u003eFinance \u0026amp; Investment\u003c\/em\u003e.\u003c\/p\u003e","products":[{"product_id":"the-economics-of-over-the-counter-markets-by-julien-hugonnier-9780691236285","title":"The Economics of Over-the-Counter Markets","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cstrong\u003eAn essential primer on an important yet understudied type of financial market\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003eMany of the largest financial markets in the world do not organise trade through an exchange but rather operate within a decentralised or over-the-counter (OTC) structure. Understanding how these markets work has become increasingly important in recent years, as illiquidity in certain OTC markets has appeared as the first signs of trouble—if not the cause itself—of the past two financial crises. However, standard models of financial markets are not suitable for studying the causes of illiquidity in OTC markets, nor the optimal policy response. \u003cem\u003eThe Economics of Over-the-Counter Markets\u003c\/em\u003e proposes a unified search-theoretic framework designed to explicitly capture the key features of OTC markets, confront the growing set of stylised facts from these markets, and provide guidance for policies designed to promote liquidity and resiliency.\u003c\/p\u003e\n\n\u003cp\u003eThis incisive book covers empirical regularities that are common across OTC markets, develops the methodological tools to analyse the benchmark theoretical models in the academic literature, and extends these models to confront the latest issues facing these markets.\u003c\/p\u003e\n\n\u003cul\u003e\n  \u003cli\u003eCovers a broad range of topics, including asset pricing, liquidity, transaction costs, asymmetric information, financial crises, and market design.\u003c\/li\u003e\n  \u003cli\u003eAn ideal textbook for graduate students in economics and finance.\u003c\/li\u003e\n  \u003cli\u003eAn invaluable resource for policymakers seeking a framework to assess the impact of new developments in fixed-income and short-term funding markets.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47464315814124,"sku":"9780691236285","price":105.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691236285-the-economics-of-over-the-counter-markets.jpg?v=1775046828"}],"url":"https:\/\/bookhero.co.nz\/collections\/pierre-olivier-weill.oembed","provider":"Book Hero","version":"1.0","type":"link"}