Market Microstructure Theory

Name: Market Microstructure Theory
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SKU: 9780631207610
Price: 73.99 NZD
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By Maureen O'Hara

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Summary

Market Microstructure Theory by Maureen O'Hara offers a thorough exploration of the theoretical frameworks underpinning market microstructure in finance. The book introduces key issues and problems before delving into main models focusing on inventory and information-based challenges. It further addresses price dynamics and applies these concepts to topics such as liquidity, multi-market trading, market structure, and market design. Detailed appendices provide additional support on Bayesian learning and rational expectations.
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Format: Paperback / softback

$73⁹⁹

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Market Microstructure Theory

$73⁹⁹

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This book is ideal for graduate students, researchers, and professionals in finance and economics seeking an advanced understanding of market microstructure theory.

Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important area of finance.

Description

Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important area of finance.

After an introduction to the general issues and problems in market microstructure, the book examines the main theoretical models developed to address inventory-based issues. There is then an extensive examination and discussion of the information-based models, with particular attention paid to the linkage with rational expectations models and learning models.

The concluding chapters are concerned with price dynamics and with applications of the various models to specific microstructure problems including:

Liquidity.
Multi-market trading.
Market structure.
Market Design.

Market Microstructure Theory includes extensive appendices developing Bayesian learning and the rational expectations framework.

Book Details

INFORMATION

ISBN: 9780631207610

Publisher: John Wiley & Sons Inc

Format: Paperback / softback

Date Published: 19 November 1997

Country: United States

Imprint: John Wiley & Sons Inc

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 16.0mm

Width: 152.0mm

Height: 229.0mm

Weight: 386g

Pages: 304

Collections

Education & Reference Finance & Economics Finance & Investment Maureen O'Hara Non-Fiction

About the Author

Maureen O'Hara is the Robert W. Purcell Professor of Finance at the Johnson Graduate School of Management at Cornell University. She holds a Ph. D. in Finance from North-western University. Professor O'Hara has also taught at the London Business School and the University of California at Los Angeles. She received the Young Scholar Recognition Award from the American Association of University Women in 1986. She is a director of both the American Finance Association and the Western Finance Association. Professor O'Hara is the co-editor of the Journal of Financial Intermediation and is an associate editor at numerous finance journals.