Table of Contents
Chapter 1. On the Role of Financial Markets and Institutions
1.1 Finance: The Time Dimension
1.2 Desynchronization: The Risk Dimension
1.3 The Screening and Monitoring Functions of the Financial System
1.4 The Financial System and Economic Growth
1.5 Financial Markets and Social Welfare
1.6 Financial Intermediation and the Business Cycle
Appendix: Introduction to General Equilibrium Theory
Chapter 2. The Challenges of Asset Pricing: A Road Map
2.1 The Main Question of Financial Theory
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