Financial Markets

Author: Liu Hongzhong
Publisher:
Publish Date: 2003-05-01
Features: This book not only introduces classic models and theoretical foundations of market microstructure but also summarizes and generalizes the achievements of theoretical and empirical research. It acknowledges the strengths of various research methods while also analyzing their weaknesses. Particularly after incorporating relevant content from behavioral finance, academic debates and discussions among different perspectives help deepen our understanding of market microstructure. Since behavioral finance is still an evolving discipline, using it to analyze market microstructure issues remains a cutting-edge field even in foreign countries.