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 model 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.

This book is one of the first fully-fledged studies to examine the next world-class industrial leaders emerging from China and India; exploring the domestic and international factors that have led to their rise, and comparing their experiences with other East Asian late-comers such as Japan.

Provides practical answers to the most pressing questions faced daily by today's global managers. Based on groundbreaking research conducted by the Institute for the Future on behalf of such organizations as Apple Computer, AT&T, and American Express, this guide to the challenges of managing globally identifies the key competencies that managers need to succeed in the global workplace.

Get the practical answers to the most pressing questions faced by today's global managers. Based on groundbreaking research, this guide identifies the key competencies managers need to succeed in the global workplace.

Get the practical answers to the most pressing questions faced by today's global managers. Based on groundbreaking research, this guide also identifies the key competencies managers need to succeed in the global workplace.

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 model 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.

This book is one of the first fully-fledged studies to examine the next world-class industrial leaders emerging from China and India; exploring the domestic and international factors that have led to their rise, and comparing their experiences with other East Asian late-comers such as Japan.

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