The selection of papers presented in these two volumes reflects the depth and breadth of the research interests of European scholars in financial economics. Topics discussed include asset pricing in the context of perfect markets and of market imperfections, the interaction between business cycle and financial imperfections, take over bids, and the interplay between banks and financial markets. These two volumes will provide an invaluable reference tool for scholars in the field.
Introduction Part I. Asset Pricing 1. Evaluating Portfolio Performance with Stochastic Discount Factors,Magnus Dahlquist and Paul S?derlind 2. Implied Volatility Functions: Empirical Tests,Bernard Dumas, Jeff Fleming, and RObert E. Whaley Part II. Market Microstructure 3. Insider Trading without Normality,Jean-Charles Rochet and Jean-Luc Vila 4. Insider and Liquidity Trading in Stock and Options Markets,Bruno Biais and Pierre Hillion 5. The Speed of Information Revelation in a Financial Market Mechanism,Xavier Vives Part III. Speculation 6. Arbitrage Chains,James Dow and Gary Gorton 7. Asset Price Dynamics and Infrequent Feedback Trades,Pierluigi Balduzzi, Giuseppe Bertola, and Silverio Foresi 8. Asset Prices and Trading Volume in a Beauty Contest,Bruno Biais and Peter Bossaerts 9. Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks,Stephen Morris and Hyun Song Shin Part IV. Asset Pricing and Corporate Finance 10. Design and Valuation of Debt Contracts,Ronald W. Anderson and Suresh Sundaresan 11. Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence,Ren? M. Stulz and Walter Wasserfallen Index
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