Böcker av Andrew H. Chen

One of the new ways of financing the establishment and growth of new businesses is the hybrid security - generically called "dequity" because it is neither a bond nor a stock. This work examines the various forms of dequity, describing its characteristics, its development, its use and its future.

Contains topics that include the design of a country's financial safety nets, the effective policies of acquiring failed banks in reducing moral hazard problems, the voluntary disclosure of real options by corporate managers, and the interrelationship between the housing and general economic activities.