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Contemporary Financial Intermediation

Contemporary Financial Intermediation Book
Author : Stuart I. Greenbaum,Anjan V. Thakor
Publisher : Elsevier
Release : 2007-03-20
ISBN : 9780080476810
Language : En, Es, Fr & De

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Book Description :

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

Contemporary Financial Intermediation

Contemporary Financial Intermediation Book
Author : Stuart I. Greenbaum,Anjan V. Thakor,Arnoud W. A. Boot
Publisher : Academic Press
Release : 2019-05-14
ISBN : 0124059341
Language : En, Es, Fr & De

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Book Description :

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

Contemporary Financial Intermediation

Contemporary Financial Intermediation Book
Author : Stuart I. Greenbaum,Anjan V. Thakor,Arnoud W. A. Boot
Publisher : Academic Press
Release : 2015-09-02
ISBN : 0124059287
Language : En, Es, Fr & De

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Book Description :

In Contemporary Financial Intermediation, Third Edition, Greenbaum, Thakor and Boot offer a distinctive approach to financial markets and institutions, presenting an integrated portrait that puts information at the core. Instead of simply naming and describing markets, regulations, and institutions as competing books do, the authors explore the endless subtlety and plasticity of financial institutions and credit markets. This edition has six new chapters and increased, enhanced pedagogical supplements. The book is ideal for anyone working in the financial sector, presenting professionals with a comprehensive understanding of the reasons why markets, institutions, and regulators act as they do. Readers will find an unmatched, thorough discussion of the world's financial markets and how they function. Provides a distinctive and thought-provoking approach to the world's financial markets Explores the endless subtleties and plasticity of financial institutions and credit markets Newly revised, with six new chapters and increased pedagogical supplements Presents anyone working in the financial markets and sector with a comprehensive understanding of the inner workings of world markets

Contemporary Financial Intermediation Third Edition

Contemporary Financial Intermediation  Third Edition  Book
Author : Anonim
Publisher : Unknown
Release : 2021-10-26
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Contemporary Financial Intermediation Third Edition book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Contemporary Financial Intermediation 2nd Edition

Contemporary Financial Intermediation  2nd Edition Book
Author : Stuart Greenbaum
Publisher : Unknown
Release : 2007
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

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.

Three Essays on Macroeconomic Implications of Contemporary Financial Intermediation

Three Essays on Macroeconomic Implications of Contemporary Financial Intermediation Book
Author : Hyun Woong Park
Publisher : Unknown
Release : 2015
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

This dissertation contributes to the growing literature on macroeconomic models with a financial intermediary sector. The first two chapters use the circuit of capital modeling methodology to study the relation between growth and profitability in capitalist economy where credit is essential, and the third uses a more standard macrodynamic model to investigate how securitized banking, which relies on short-term collateralized borrowing, as opposed to traditional commercial banking, generates procyclical bank leverage, which in turn leads to supply-led fluctuation in credits and ultimately to a boom-bust cycle of asset prices. In chapter 1, I extend the baseline model of circuit of capital to incorporate a profit-making financial capitalist sector and the associated financial variables. The extended model is examined to see how the main findings of the existing literature regarding growth, profitability, and credits are modified. It is shown that once finance is explicitly incorporated, the Cambridge equation-type result is modified in a way that relates growth to net return on equity of a firm sector, not to the latter's gross profit rate; hence, leverage ratio of the firm sector and the bank profitability, which is determined in line with interest rates, become crucial variables. In chapter 2, by relying on the extended circuit of capital model, I propose a new categorization for growth theory that characterizes financial aspects of growth, i.e. firm leverage-led vs. bank leverage-led growth. When the growth is led by firm leverage, on the one hand, growth does not face any upper bound while it stimulates excess demand for bank credits and hence is accompanied by a rise in the interest rates. On the other hand, when the growth is led by bank leverage, growth faces some upper bound but it stimulates excess supply of bank credits and consequently is accompanied by a fall in the interest rate. Chapter 3 draws upon the recent empirical finding on procyclical bank leverage and makes a contribution to the related literature in two directions. First, I build a one-period banking model of repurchase agreement to show that repo transactions motivate borrowers to manage their leverage procyclically due to counter-party risks and collateral value risks involved in the transactions. Second, with this result as a microfoundation, I build a macrodynamic model, which reveals the logic underlying persistent boom-bust cycles observed in the securitized banking system.

Bank Mergers Acquisitions

Bank Mergers   Acquisitions Book
Author : Yakov Amihud,Geoffrey Miller
Publisher : Springer Science & Business Media
Release : 2013-04-17
ISBN : 1475727992
Language : En, Es, Fr & De

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Book Description :

As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.

Pricing Policies of Financial Intermediaries

Pricing Policies of Financial Intermediaries Book
Author : J. Dermine
Publisher : Springer Science & Business Media
Release : 2012-12-06
ISBN : 3642694977
Language : En, Es, Fr & De

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Book Description :

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.

Capital Markets and Financial Intermediation

Capital Markets and Financial Intermediation Book
Author : Colin Mayer,Xavier Vives
Publisher : Cambridge University Press
Release : 1995-09-29
ISBN : 9780521558532
Language : En, Es, Fr & De

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Book Description :

This volume reviews recent theories of banking and finance and assesses the implications for policy-making in Europe.

Financial Intermediation in the 21st Century

Financial Intermediation in the 21st Century Book
Author : Z. Mikdashi
Publisher : Springer
Release : 2001-08-08
ISBN : 023029412X
Language : En, Es, Fr & De

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Book Description :

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.

Political Economy of Financialization in the United States

Political Economy of Financialization in the United States Book
Author : Kurt Mettenheim
Publisher : Routledge
Release : 2021-09-23
ISBN : 1000449629
Language : En, Es, Fr & De

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Book Description :

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.

New Research in Corporate Finance and Banking

New Research in Corporate Finance and Banking Book
Author : Bruno Biais,Marco Pagano
Publisher : Oxford University Press on Demand
Release : 2002
ISBN : 9780199243235
Language : En, Es, Fr & De

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Book Description :

This text is a reflection of research carried out by European scholars into financial economics. Topics discussed include asset pricing in the context of perfect markets, take-over bids, and the interplay between banks and financial markets.

Contemporary Banking Theory

Contemporary Banking Theory Book
Author : Sudipto Bhattacharya,Anjan V. Thakor
Publisher : Unknown
Release : 1993
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Contemporary Banking Theory book written by Sudipto Bhattacharya,Anjan V. Thakor, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Digital Innovation in Financial Services

Digital Innovation in Financial Services Book
Author : Phoebus L. Athanassiou
Publisher : Kluwer Law International B.V.
Release : 2016-04-24
ISBN : 9041187820
Language : En, Es, Fr & De

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Book Description :

Consumer behaviour is rapidly trending towards the use of digital devices as instruments through which to transact day-to-day business. This original and timely book shows how this trend creates new opportunities not only for retail consumers but also for financial service providers, regulators and central banks. The author offers a comprehensive overview of these opportunities and their countervailing legal and regulatory challenges. The author describes and analyses in unprecedented detail the application of digital financial innovation (FinTech), and some of its core manifestations, including virtual currencies, Blockchain and distributed ledger technologies to the delivery of financial services, in areas such as: – payments; – securities clearing and settlement; – central banking; – real-time access to financial information; – instant completion of core financial transactions; – data validation and reconciliation processes; and – digital contracting (smart contracts). Also clarified are the legal and other barriers to be overcome – including cybersecurity and risks to privacy – before any widespread adoption of digital innovation in the highly regulated financial sector context can occur. As an informed assessment of the legal merits and risks of technological innovation for financial service providers and central banks, and as a contribution to establishing a conceptual framework within which to analyse and better understand the applications of digital innovation to the financial sector, this practical work is bound to be welcomed by legal practitioners and legal scholars alike with an interest in financial services. Policymakers and regulators will also appreciate its guidance on how to temper the less benevolent aspects of FinTech with targeted, risk-focused regulation, so as to promote innovation and preserve the potential benefits for financial markets and their participants alike.

Regulation and Supervision of Financial Institutions in the NAFTA Countries and Beyond

Regulation and Supervision of Financial Institutions in the NAFTA Countries and Beyond Book
Author : George M. von Furstenberg
Publisher : Springer Science & Business Media
Release : 2012-12-06
ISBN : 9401153744
Language : En, Es, Fr & De

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Book Description :

Since the North American Free Trade Agreement (NAFTA) took effect at the start of 1994, production and trade in goods and services have become ever more integrated in the region. Banking and financial systems thus also must increasingly inform, adjudicate, transact, invest, insure, and intermedi ate all across North America. Presently, however, there is no single, or up to-date source of information on the banking and finance systems of the current NAFTA countries-Canada, the United States, and Mexico. Relying on top specialists from international financial organizations, central banks, regulatory authorities, and universities, this and a companion volume together bridge that information gap. The focus is not just on description but on regulatory and institution-building challenges posed by the opening up of domestic financial markets, and on the political economy of reforms. The ultimate goal is to enhance the process of safe and efficient integration by policies, regulations, and private initiatives that contribute to the welfare of people in North America and beyond. This volume goes into essential detail in assessing banking and finance regulations, supervision, and prudential and operating standards in the NAFTA countries in a global context.

Contemporary Financial Management

Contemporary Financial Management Book
Author : R. Charles Moyer,James R. McGuigan,William J. Kretlow
Publisher : Unknown
Release : 1992
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Contemporary Financial Management book written by R. Charles Moyer,James R. McGuigan,William J. Kretlow, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

The Making of Finance

The Making of Finance Book
Author : Isabelle Chambost,Marc Lenglet,Yamina Tadjeddine
Publisher : Routledge
Release : 2018-09-26
ISBN : 1351016091
Language : En, Es, Fr & De

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Book Description :

Using a variety of theoretical frameworks drawn from the social sciences, the contributions in this edited collection offer a critical perspective on the dominant paradigms used in contemporary financial activities. Through a detailed study of the organisation and functioning of financial intermediaries and institutions, the contributors to this volume analyse ‘finance in the making’, by shedding light on the structuring of banking and financial systems, on their capacity to prescribe action and control, on their modes of regulation and, more generally, on the process of financialisation. Contributions presented in this volume have been written by authors working within the ‘social studies of finance’ tradition, a research programme that emerged twenty years ago, with the aim of addressing a diversity of financial fieldworks and related theoretical questions. This book, therefore, sheds light on different areas that are representative of contemporary financial realities. Specifically, it first studies the work of financial employees: traders, salespeople, investment managers, financial analysts, investment consultants, etc. but also provides an analysis of a range of financial instruments: financial schemes and contracts, financial derivatives, socially responsible investment funds, as well as market rules and regulations. Finally, it puts into perspective the organisations contributing to this financial reality: those developing and selling financial services (retail banks, brokerage houses, asset management firms, private equity firms, etc.), and also those contributing to the regulation of such activities (banking regulators, financial market authorities, credit rating agencies, the State, to name a few). Each text can be read without any specific knowledge of finance; the book is thus addressed to anyone willing to better understand the intricacies of contemporary financial realities.

FINANCE FINANCIAL MARKETS

FINANCE   FINANCIAL MARKETS Book
Author : Keith Pilbeam
Publisher : Macmillan International Higher Education
Release : 2018-03-25
ISBN : 1137515635
Language : En, Es, Fr & De

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Book Description :

Download FINANCE FINANCIAL MARKETS book written by Keith Pilbeam, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Financial Structure and Stability

Financial Structure and Stability Book
Author : Alexander Karmann
Publisher : Springer Science & Business Media
Release : 2012-12-06
ISBN : 3642576745
Language : En, Es, Fr & De

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Book Description :

The basic question of this book is what we can learn from empirical as well as theoretical analysis of financial systems, differing cross-sectional and changing structually over time, with respect to the issue of stability of financial systems. Part I of the book deals with stability issues in a globalizing financial world and addresses topics of convergence, domestic policy, financial bubbles, crises and international coordination. Part II is on banking systems. Country specific adoption and restructuring of (universal but also separation) banking systems are key problems for the industrialized economies, while catching-up is of major concern for the economies in transition. Feeble regional economies and subsidized banking is at the heart of the vivid dispute on public sector banking being taken up in Part III. The last Part is devoted to resource-oriented approaches in quantifiying financial development and risk of sovereign default.

Governance Regulation and Bank Stability

Governance  Regulation and Bank Stability Book
Author : T. Lindblom,S. Sjögren,M. Willesson
Publisher : Springer
Release : 2014-07-29
ISBN : 1137413549
Language : En, Es, Fr & De

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Book Description :

This book provides novel insight into the governance of banks and looks at regulatory measures for strengthening bank stability. It includes empirical studies on the relationship between the board structures of banks and their financial risk-taking and analyses the determinants of bank reputation and the future prospects of small banks.