Rationing In A Theory Of The Banking Firm

Author : Timothy M. Devinney
Publisher : Springer Science & Business Media
Page : 110 pages
File Size : 55,9 Mb
Release : 2012-12-06
Category : Science
ISBN : 9783642826498

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Rationing in a Theory of the Banking Firm by Timothy M. Devinney Pdf

The existence of non-price rationing in credit markets is a subj ect, not only of paramount importance, but of considerable controversy, which is ultimately linked with our understanding, or lack thereof, of the basic nature of the banking firm. A recognition of this phenomenon is critical to the understanding of the banking firm in its major role as a financial intermediary. The banking firm serves as an intermediary in two important spheres, between borrower and lender, and between spenders and the monetary authorities. The basic economic formulation of borrower-lender behavior, the simple Fisherian consumption loan model, while beautiful in its simplicity, fail s to acknowledge any role for a non-neutral financial intermediary. The bank, in its second intermediary role, leads one to question the assumption of both neoclassical and Keynsian monetary theories that monetary changes are diffused across the economy (the proverbial monetary helicopter). Monetary policy effects on spending and investment will clearly be biased by the policies of the banks. The major focus of the present work is the development of a theory of credit rationing based upon the existence of risk reducing information technologies. Implicit in the analysis is a discussion of the role of the banking firm as something more than a tr·aditional financial intermediary. The present analysis will focus on the bank as an intermediary between borrower and lender. It will be shown that in .

Author : Ying Wu
Publisher : Routledge
Page : 181 pages
File Size : 46,7 Mb
Release : 2017-05-18
Category : Business & Economics
ISBN : 9781351784634

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An Analysis of Credit and Equilibrium Credit Rationing by Ying Wu Pdf

This study, first published in 1994, is intended to deepen the readers understanding of the phenomenon of equilibrium credit rationing in two areas. The first area concerns the form that equilibrium credit rationing assumes and its importance in determining the behaviour of interest rates. The second concerns the role of equilibrium credit rationing in transmitting monetary shocks to the real sector. This title will be of interest to students of monetary economics.

Author : Kent Matthews,John Thompson,Tiantian Zhang
Publisher : World Scientific
Page : 536 pages
File Size : 45,6 Mb
Release : 2023-09-13
Category : Business & Economics
ISBN : 9789811275074

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Economics Of Banking, The (Fourth Edition) by Kent Matthews,John Thompson,Tiantian Zhang Pdf

The Economics of Banking (Fourth Edition) examines trends and operations in banking within a microeconomic framework. Covering a range of topics, including global trends in banking, theories of the banking firm, economics analysis of bank behaviour, and much more, this book addresses the need for a user-friendly and mathematically accessible textbook in this subject area.Each successful edition has expanded on new and emerging developments in global banking. This fourth edition explores the challenge of fintech and non-bank financing to the banking market. It examines the implications of the digitisation of the means of payment on the banking system, and the emergence of the digital bank. It also addresses recent developments in shadow banking (both globally and with a specific focus on China), P2P, Islamic banks and challenger banks. The section on credit rationing and credit pricing has been expanded to include additional material on the geography of credit allocation and spatial rationing. China features strongly in the updated material on bank efficiency and competition. Bank regulation has also been updated to examine the recent changes in global bank regulation and particularly the application of Basel III standards to China and other Asian economies.The Economics of Banking provides a sound theoretical basis for understanding bank behaviour, while requiring only a basic knowledge of microeconomics. The book is aimed at final year undergraduates undertaking a Banking & Finance degree, and to MBA and specialised PG degrees in Finance that include a Banking option.

Author : Kent Matthews,John L. Thompson
Publisher : John Wiley & Sons
Page : 264 pages
File Size : 55,9 Mb
Release : 2005-07-18
Category : Business & Economics
ISBN : IND:30000101560443

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The Economics of Banking by Kent Matthews,John L. Thompson Pdf

Describing the trends and operations in banking within an accessible microeconomic framework, this text incorporates theory with the practical aspects of banking, so as to set banking within an economic paradigm.

Author : John Alexander Galbraith
Publisher : McGill-Queen's Press - MQUP
Page : 524 pages
File Size : 46,8 Mb
Release : 1963-01-01
Category : Business & Economics
ISBN : 9780773594203

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The Economics of Banking Operations by John Alexander Galbraith Pdf

Author : Gerhard Clemenz
Publisher : Springer Science & Business Media
Page : 223 pages
File Size : 51,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642456145

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Credit Markets with Asymmetric Information by Gerhard Clemenz Pdf

Author : Various
Publisher : Routledge
Page : 2032 pages
File Size : 53,5 Mb
Release : 2021-06-23
Category : Business & Economics
ISBN : 9781351674577

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Routledge Library Editions: Monetary Economics by Various Pdf

The volumes in this set, originally published between 1934 and 1994, draw together research by leading academics in the area of monetary economics and provides a rigorous examination of related key issues. The volumes examine monetary management and policy, equilibrium theory and credit rationing, as well as the general principles and practices of monetary economics. This set will be of particular interest to students of economics and finance.

Author : Xavier Freixas,Jean-Charles Rochet
Publisher : MIT Press
Page : 229 pages
File Size : 42,8 Mb
Release : 2023-08-22
Category : Business & Economics
ISBN : 9780262375290

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Microeconomics of Banking, third edition by Xavier Freixas,Jean-Charles Rochet Pdf

The third edition of a leading text on the microeconomic foundations of banking, comprehensively updated with new coverage of the 2008 Global Financial Crisis, fintech, and the latest research in banking theory. The banking industry has undergone seismic change in the twenty-first century, from the overhaul of regulation in the wake of the 2008 Global Financial Crisis to the digitalization of the economy and the disruption of traditional business models by ascendant tech giants. Now in a comprehensively updated third edition, this essential graduate-level text on the microeconomic foundations of banking provides the rigorous theoretical approach required to understand these new structures and norms, functioning as a user’s guide to recent academic literature. Microeconomics of Banking offers a comprehensive view of the evolution of banking theory and the rapidly changing realm of financial intermediation, examining the central issues and offering the necessary tools for understanding how they have been modeled. New edition highlights: Up-to-date coverage of the latest research in banking theory as well as the events of the global financial crisis and resultant Basel III regulatory framework New chapters on liquidity and systemic risk New material throughout on cryptocurrencies, fintech, and other facets of a digitalized economy

Author : R. Glenn Hubbard
Publisher : University of Chicago Press
Page : 354 pages
File Size : 41,9 Mb
Release : 2009-05-15
Category : Business & Economics
ISBN : 9780226355948

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Asymmetric Information, Corporate Finance, and Investment by R. Glenn Hubbard Pdf

In this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that financial decisions of the firm can affect real economic activity—and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differences—asymmetries—in access to information between "borrowers" and "lenders" ("insiders" and "outsiders") in financial transactions affect investment decisions of firms and the organization of financial markets. The original research emphasizes the role of information problems in explaining empirically important links between internal finance and investment, as well as their role in accounting for observed variations in mechanisms for corporate control.

Author : Raju J. Singh
Publisher : Unknown
Page : 36 pages
File Size : 51,5 Mb
Release : 1994
Category : Bank loans
ISBN : IND:30000105207355

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Bank Credit, Small Firms and the Design of a Financial System for Eastern Europe by Raju J. Singh Pdf

Author : Jean Bonnet,Domingo García Pérez De Lema,Howard E. Van Auken
Publisher : Edward Elgar Publishing
Page : 269 pages
File Size : 41,7 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9781849806480

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The Entrepreneurial Society by Jean Bonnet,Domingo García Pérez De Lema,Howard E. Van Auken Pdf

This timely book analyses the emergence of new firms in a broad context where economics, management and sociological approaches may be joined for a new perspective. The Entrepreneurial Society reveals that the market benefits of an entrepreneurial economy are evident in the new technology that has been made available to consumers over the past ten to 20 years. It illustrates that entrepreneurial firms provide the market with innovations that create new products and, in turn, generate new employment and tax revenue, thus playing a critical role in surviving the economic crisis. The expert contributors explore the diverse conditions that explain, permit and support entrepreneurship, allowing thinking outside the box and enhancing breakthrough innovations. At a time when new challenges relating to the ecological footprint are appearing, this work will prove crucial. The eclectic approaches to entrepreneurship within this book, gathered from different countries and fields of research, will prove to be hotly sought after by researchers and postgraduate students of entrepreneurship and social policy.

Author : Franz W. Kellermanns,Frank Hoy
Publisher : Taylor & Francis
Page : 612 pages
File Size : 51,7 Mb
Release : 2016-09-13
Category : Business & Economics
ISBN : 9781317419990

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The Routledge Companion to Family Business by Franz W. Kellermanns,Frank Hoy Pdf

The Routledge Companion to Family Business offers a definitive survey of a field that has seen rapid growth in research in recent years. Edited by leading scholars with contributions from the top minds in family business from around the world, this volume provides researchers and scholars with a comprehensive understanding of the state of the discipline. Over 25 chapters address a wide variety of subjects, providing readers with a thorough review of the key research themes in the modern family firm, such as corporate social responsibility and bank debt rationing. International examples cover a wide range of economies including China, Europe, and Latin America. The book will appeal to undergraduates, postgraduates and business instructors seeking a definitive view of the issues and solutions that affect and support family business.

Author : Roman Matousek
Publisher : Palgrave MacMillan
Page : 312 pages
File Size : 55,9 Mb
Release : 2010-11-03
Category : Business & Economics
ISBN : NWU:35556040906513

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Money, Banking and Financial Markets in Central and Eastern Europe by Roman Matousek Pdf

This is a survey of the economic challenges which transition economies have undergone in the last 20 years. It gives a deep insight into the banking sector and financial markets of Central and Eastern European countries, examining their integration into the European Union and the key obstacles which prevent full integration. The book comments on and evaluates market changes and monetary policy in the region. It applies rigorous and advanced tools to analyse the ongoing development and remaining problems, including the impact and consequences of the current fiancial crisis.

Author : Giusy Chesini,Elisa Giaretta,Andrea Paltrinieri
Publisher : Springer
Page : 159 pages
File Size : 52,5 Mb
Release : 2017-10-11
Category : Business & Economics
ISBN : 9783319548913

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Financial Markets, SME Financing and Emerging Economies by Giusy Chesini,Elisa Giaretta,Andrea Paltrinieri Pdf

This book investigates small and medium sized enterprises (SMEs) access to credit, the earning quality, and the cost of debt in the European Union. It also examines two important risk measures in financial markets: the volatility index (VIX) and Credit Default Swaps (CDS). Finally, it deep dives inside one of the most important emerging markets, China, to assess monetary policy and the relationship between financial institutions and real estate firms. This work will appeal to both academics and practitioners in the areas of SME financing, financial markets and emerging economies.

Author : Anonim
Publisher : World Bank Publications
Page : 36 pages
File Size : 50,7 Mb
Release : 2004
Category : Corporations
ISBN : 8210379456XXX

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The Determinants of Financing Obstacles by Anonim Pdf