Die juristische Konstruktion von Finanzinstrumenten als Herausforderung für die Rechtsökonomie

Are transaction cost based theories capable of addressing the specific dynamic of financial markets? Jacob Bonavita analyzes this question in his book and illustrates the specific legal nature of financial instruments with the help of several case studies. A greater focus on the legal elements of financial instruments could help shape a better understanding of modern financial markets both on a micro- and marcoeconomic level.