Contemporary Financial Intermediation

Author : Stuart I. Greenbaum,Anjan V. Thakor
Publisher : Elsevier
Page : 672 pages
File Size : 55,6 Mb
Release : 2007-03-20
Category : Business & Economics
ISBN : 0080476813

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Contemporary Financial Intermediation by Stuart I. Greenbaum,Anjan V. Thakor Pdf

Contemporary Financial Intermediation, Second Edition, brings a unique analytical approach to the subject of banks and banking. This completely revised and updated edition expands 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 liaison between the microeconomics realm of information economics and the real world of banking and financial intermediation. This book is recommended for advanced undergraduates and MSc in Finance students with courses on commercial bank management, banking, money and banking, and financial intermediation. Completely undated edition of a classic banking text Authored by experts on financial intermediation theory, only textbook that takes this approach situating banks within microeconomic theory

Author : Stuart I. Greenbaum
Publisher : Unknown
Page : 0 pages
File Size : 51,7 Mb
Release : 1995
Category : Electronic
ISBN : OCLC:880995839

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Contemporary Financial Intermediation by Stuart I. Greenbaum Pdf

Author : Harold L. Cole
Publisher : Oxford University Press
Page : 304 pages
File Size : 41,6 Mb
Release : 2019-03-29
Category : Business & Economics
ISBN : 9780190941727

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Finance and Financial Intermediation by Harold L. Cole Pdf

The financial system is a densely interconnected network of financial intermediaries, facilitators, and markets that serves three major purposes: allocating capital, sharing risks, and facilitating intertemporal trade. Asset prices are an important mechanism in each of these phenomena. Capital allocation, whether through loans or other forms of investment, can vary both across sectors-at the broadest, manufactures, agriculture, and services-and within sectors, for example different firms. The risk that various investors are willing to take reflects their financial position and alternative opportunities. Risk and asset allocation are also influenced by whether money, and especially its expenditure, is more important now or in the future. These decisions are all influenced by governmental policies. When there are mismatches, the results include financial meltdowns, fiscal deficits, sovereign debt, default and debt crises. Harold L. Cole provides a broad overview of the financial system and assets pricing, covering history, institutional detail, and theory. The book begins with an overview of financial markets and their operation and then covers asset pricing for standard assets and derivatives, and analyzes what modern finance says about firm behavior and capital structure. It then examines theories of money, exchange rates, electronic payments methods, and cryptocurrencies. After exploring banks and other forms of financial intermediation, the book examines the role they played in the Great Recession. Having provided an overview of the provate sector, Cole switches to public finance and government borrowing as well as the incentives to monetize the public debt and its consequences. The book closes with an examination of sovereign debt crises and an analysis of their various forms. Finance and financial intermediation are central to modern economies. This book covers all of the material a sophisticated economist needs to know about this area.

Author : Nasser Arshadi,Gordon V. Karels
Publisher : Unknown
Page : 501 pages
File Size : 49,9 Mb
Release : 1997
Category : Capital market
ISBN : 0132774100

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Modern Financial Intermediaries and Markets by Nasser Arshadi,Gordon V. Karels Pdf

This text presents financial intermediation as a process that goes beyond the institutional details of financial institutions and markets. It uses transactions cost as a paradigm to explain how markets and firms are established.

Author : Anjan V. Thakor,Arnoud W. A. Boot
Publisher : Elsevier
Page : 605 pages
File Size : 40,9 Mb
Release : 2008-07-07
Category : Business & Economics
ISBN : 9780080559926

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Handbook of Financial Intermediation and Banking by Anjan V. Thakor,Arnoud W. A. Boot Pdf

The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future. Original review articles offer valuable perspectives on research issues appearing in top journals Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles

Author : Stuart I. Greenbaum,Anjan V. Thakor,Arnoud W. A. Boot
Publisher : Academic Press
Page : 490 pages
File Size : 44,9 Mb
Release : 2019-05-14
Category : Business & Economics
ISBN : 9780124059344

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Contemporary Financial Intermediation by Stuart I. Greenbaum,Anjan V. Thakor,Arnoud W. A. Boot Pdf

Contemporary Financial Intermediation, 4th Edition by Greenbaum, Thakor, and Boot continues to offer a distinctive approach to the study of financial markets and institutions by presenting an integrated portrait that puts information and economic reasoning at the core. Instead of primarily naming and describing markets, regulations, and institutions as is common, Contemporary Financial Intermediation explores the subtlety, plasticity and fragility of financial institutions and credit markets. In this new edition every chapter has been updated and pedagogical supplements have been enhanced. For the financial sector, the best preprofessional training explains the reasons why markets, institutions, and regulators evolve they do, why we suffer recurring financial crises occur and how we typically react to them. Our textbook demands more in terms of quantitative skills and analysis, but its ability to teach about the forces shaping the financial world is unmatched. Updates and expands a legacy title in a valuable field Holds a prominent position in a growing portfolio of finance textbooks Teaches tactics on how to recognize and forecast fluctuations in financial markets

Author : J. Dermine
Publisher : Springer Science & Business Media
Page : 184 pages
File Size : 43,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642694974

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Pricing Policies of Financial Intermediaries by J. Dermine Pdf

The primary purpose of this study is to develop a framework that will explain the behavior of financial intermediaries and, more precisely, their pricing policies. As financial intermediation is the business of financial assets and liabilities, use is made of concepts and models developed tradition ally in Finance and Economics to end up with recommendations not only for optimal choices of interest rates but also for proper regulation and more sensible accounting methods. Also, the econometric implications of deposit rates stickiness are examined and empirically tested on Belgian data. My debt to many people has been growing during these years and it is a great pleasure to print a text and have the opportunity to thank those who have been so helpful. First of all, let me thank Professor Jacques Dreze, my thesis director. I am grateful to Jacques for encouragments, guidance and so many stimulating discussions. I also thank the members of the Jury, Professors A. Jacquemin, A. Kervyn de Lettenhove, A. Lamfalussy, P. Reding and A. Siaens for comments on earlier drafts of the manuscript. Discussions with Professor P. Howitt while he was visiting the Center for Operations Research and Econometrics (C.O.R.E., Universite Catholique de Louvain) in 1979 have greatly contributed to my under standing of the economics of risk sharing between lenders and borrowers. Philippe Gille has been extremely helpful in carrying out the joint econometric estimation in Chapter Five and in suggesting a fine way to present the results.

Author : Kurt Mettenheim
Publisher : Routledge
Page : 230 pages
File Size : 52,7 Mb
Release : 2021-09-23
Category : Business & Economics
ISBN : 9781000449679

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Political Economy of Financialization in the United States by Kurt Mettenheim Pdf

Combining balance sheet analysis with historical institutional analysis, this book traces the evolution of social sector financial balance sheets in the US from 1960 to 2018. This innovative historical-institutional approach, ranging from the micro level of households to the macro level of the federal government, reveals that the displacement of households by banks has been a long-term process. This gradual compounding of financialization is at odds with widely accepted views about financialization, contemporary banking theory, financial intermediation theory, and post-Keynesian and endogenous money approaches. The book returns to time-tested traditional principles of banking and taps unexpected affinities about market failures in transaction cost economics, financial intermediation theory, and core ideas in classic modern political and social economy about economic moralities and social reactions of self-defense against unfettered markets. This book provides an alternative explanation for the rise of finance and new ways to think about averting financialization and its devastating consequences. This book marks a significant contribution to the literature on financialization, social economics, banking, and the American political economy.

Author : Z. Mikdashi
Publisher : Springer
Page : 315 pages
File Size : 53,5 Mb
Release : 2001-08-08
Category : Business & Economics
ISBN : 9780230294127

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Financial Intermediation in the 21st Century by Z. Mikdashi Pdf

The increasing interdependence of the world economy has huge implications for global finance in the twenty-first century. This volume brings together leading scholars and practitioners to offer in-depth analyses of the new direction open to the financial services industry. They explore the challenges and opportunities of the new finance era, future development in financial markets, with particular emphasis on the role of new technologies and the industry's view of strengthening financial intermediation. The book concludes with an assessment of key managerial and regulatory issues.

Author : Meryem Duygun,Shatha Qamhieh Hashem,Alessandra Tanda
Publisher : Frontiers Media SA
Page : 83 pages
File Size : 50,6 Mb
Release : 2021-02-11
Category : Science
ISBN : 9782889664757

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Financial Intermediation Versus Disintermediation: Opportunities and Challenges in the FinTech era by Meryem Duygun,Shatha Qamhieh Hashem,Alessandra Tanda Pdf

Author : Edmar Lisboa Bacha,Carlos Federico Díaz Alejandro
Publisher : Unknown
Page : 52 pages
File Size : 43,6 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:49015000007550

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International Financial Intermediation by Edmar Lisboa Bacha,Carlos Federico Díaz Alejandro Pdf

Author : Bert Scholtens,L. J. R. Scholtens,Dick van Wensveen
Publisher : Unknown
Page : 59 pages
File Size : 42,5 Mb
Release : 2003
Category : Finance
ISBN : 3902109157

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The Theory of Financial Intermediation by Bert Scholtens,L. J. R. Scholtens,Dick van Wensveen Pdf

Author : Galina Panova
Publisher : Springer Nature
Page : 357 pages
File Size : 51,7 Mb
Release : 2021-06-07
Category : Business & Economics
ISBN : 9783030713379

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Financial Markets Evolution by Galina Panova Pdf

Influenced by technological innovation, banks and their businesses are changing dramatically. This book explores the transformation and prospects of financial market institutions (banks, insurance companies, pension funds and microfinance organizations) in the context of the development of financial innovation, financial engineering and financial technologies, taking into account risks and new opportunities for development. It presents new approaches to the sustainable development of financial and credit institutions, taking into account the risk management and crisis management of their activities in the macro and microeconomic environment. Contributors from Russia, Kazakhstan, Azerbaijan, Mongolia, Ireland and Italy present their expert opinions on the practice of financial intermediaries in the conditions of economic transformation under the influence of the 4th Industrial Revolution and the Covid-19 pandemic. This book includes some of the key debates in this area including the genesis of financial markets in the paradigm of economic digitalization, the evolution of financial intermediaries from the classical model to the ecosystem, and the regulation of neo-banks. The book will be of interest to academics and practitioners in various spheres of theoretical and empirical knowledge, including economics, finance and banking, who are interested in investigation of the complex of fundamental (international and domestic) trends in the development of financial intermediation in the globalized financial markets.

Author : Bernardo Batiz-Lazo,Leonidas Efthymiou
Publisher : Springer
Page : 432 pages
File Size : 40,8 Mb
Release : 2016-12-04
Category : Business & Economics
ISBN : 9781137602312

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The Book of Payments by Bernardo Batiz-Lazo,Leonidas Efthymiou Pdf

This book examines the nature of retail financial transaction infrastructures. Contributions assume a long-term outlook in their exploration of the key financial processes and systems that support a global transition to a cashless economy. The volume offers both modern and historic accounts that demonstrate the constantly changing role of payment instruments. It brings together different theoretical approaches to the study, re-examining and forecasting changes in retail payment systems. Chapters explore a global transition to a cashless society and contemplate future alternatives to cash, cheques and plastic, featuring the perspectives of academics from different disciplines in conversation and industry participants from six continents. Readers are invited to discover the innovation in payment systems and how it co-evolves with changes in society and organisations through personal, corporate and governmental processes.

Author : OECD
Publisher : OECD Publishing
Page : 424 pages
File Size : 55,7 Mb
Release : 2017-11-06
Category : Electronic
ISBN : 9789264281288

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Understanding Financial Accounts by OECD Pdf

Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and balance sheets, by providing non-technical explanations illustrated with practical examples.