Contemporary financial intermediation / Stuart I. Greenbaum, Anjan V. Thakor.

Format:

Book

Author/Creator:

Greenbaum, Stuart I.

Contributor:

Thakor, Anjan V.

Series:

Academic Press advanced finance series.

Academic Press advanced finance series

Language:

English

Subjects (All):

Banks and banking--United States.

Banks and banking.

Financial services industry--United States.

Financial services industry.

Intermediation (Finance).

Bank management.

Physical Description:

1 online resource

Edition:

2nd ed.

Place of Publication:

Amsterdam ; Boston : Elsevier Academic Press, c2007.

System Details:

text file

Summary:

Stuart Greenbaum and Anjan Thakor bring a unique analytical approach to the subject of banks and banking in this completely revised and updated new edition. They expand the scope of the typical bank management course by addressing all types of deposit-type financial institutions and by explaining the why of intermediation rather than simply describing institutions, regulations, and market phenomena. This analytic approach strikes at the heart of financial intermediation by explaining why financial intermediaries exist and what they do. Specific regulations, economies, and policies will change, but the underlying philosophical foundations remain the same. This approach enables students to understand the foundational principles and to apply them to whatever context they encounter as professionals. "This book is the perfect liasion between the microeconomics realm of information economics and the real world of banking and financial intermediation. It supplies a healthy dose of microeconomic theory to fully understand the underlying features of the most common financial instruments used in modern banking practice, all explained thoroughly with down to earth narratives and doable math/game theoretic instruments. It makes a wonderful preview before going on with Freixas text, or at least as its companion." --Quote referring to first edition from Enrique Fernandez on amazon.com * Completely undated edition of a classic banking text * Online solutions manual, instructor resources, and ppt slides available to instructors on publisher's website * Authored by experts on financial intermediation theory, only textbook that takes this approach situating banks within microeconomic theory

Contents:

Basic concepts

The nature and variety of financial intermediation

The what, how, and why of financial intermediaries

Major risks faced by banks

Spot lending

Further issues in bank lending

Special topics in credit: syndicated loans, loan sales, and project finance

Off-balance sheet banking and contingent claims products

Securitization

The deposit contract and insurance

Objectives of bank regulation

Milestones in banking legislation and regulatory reform

Management of risks and opportunities in banking

Mergers and acquisitions

Investment banking

The future.

Notes:

Originally published: Fort Worth : Dryden Press, 1995.

Includes bibliographical references and index.

ISBN:

1-281-00521-5

9786611005214

0-08-047681-3

OCLC:

476059406