Contemporary Financial Intermediation

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. It is a completely updated edition of a classic banking text. Online instructors manual and ppt slides are available to instructors on the publisher's website. The authors are recognized experts in banking. * Completely undated edition of a classic banking text * Online instructors manual and ppt slides available to instructors on publisher's website * Authors are recognized experts in banking

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Year of publication:	2007 ; 2. Aufl.
Authors:	Greenbaum, Stuart I. ; Thakor, Anjan V.
Publisher:	[s.l.] : Elsevier professional
Subject:	Finanzintermediation \| Financial intermediation \| Bankenregulierung \| Bank regulation \| Bankenkrise \| Banking crisis \| Bankmanagement \| Bank management \| Finanzkrise \| Financial crisis \| Bankgeschäft \| Banking services \| Bankrechnungslegung \| Bank accounting \| Bank
Description of contents:	Table of Contents [external.dandelon.com]

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Extent:	Online Ressource (4227 KB, 672 S.)
Series:	Academic Press Advanced Finance Academic Press advanced finance series
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references and index Originally published: Fort Worth : Dryden Press, 1995 Front Cover; Contemporary Financial Intermediation; Copyright Page; Dedication Page; Abbreviated Contents; Extended Contents; Preface; Pedagogy; Organization; Supplementary Materials; Acknowledgments; About the Authors; Stuart I. Greenbaum; Anjan V. Thakor; Part I: The Background; A Friendly Conversation; Introduction; The Conversation: 1991; Follow-Up to the Conversation: 2007; Chapter 1: Basic Concepts; Introduction; Risk Preferences; Diversification; Riskless Arbitrage; Options; Market Efficiency; Market Completeness; Asymmetric Information and Signaling; Agency and Moral Hazard Time ConsistencyNash Equilibrium; Revision of Beliefs and Bayes Rule; References; Part II: What Is Financial Intermediation?; Chapter 2: The Nature and Variety of Financial Intermediation; Glossary of Terms; Introduction; What Are Financial Intermediaries?; The Variety of Financial Intermediaries; Depository Financial Intermediaries; Nondepository Intermediaries; The Role of the Government; Financial Intermediaries on the Periphery; Conclusion; Review Questions; Appendix 2.1 Measurement Distortions and the Balance Sheet; Appendix 2.2 Guide to Federal Reserve Regulations; References Chapter 3: The What, How, and Why of Financial IntermediariesGlossary of Terms; Introduction; Fractional Reserve Banking and the Goldsmith Anecdote; A Model of Banks and Regulation; The Macroeconomic Implications of Fractional Reserve Banking: The Fixed Coefficient Model; Large Financial Intermediaries; How Banks Can Help to Make Nonbank Financial Contracting More Efficient; The Empirical Evidence: Banks Are Special; Ownership Structure of Depository Financial Institutions; The Borrower's Choice of Finance Source; Conclusion; Review Questions Appendix 3.1 The Formal Analysis of Large IntermediariesReferences; Part III: Major ""On-Balance-Sheet"" Risks in Banking; Chapter 4: Major Risks Faced by Banks; Glossary of Terms; Introduction; The Source of Business Risk; Credit, Interest Rate, and Liquidity Risks; The Term Structure of Interest Rates; Duration; Convexity; Interest Rate Risk; Liquidity Risk; Conclusion; Case Study Eggleston State Bank; Review Questions; Appendix 4.1 Dissipation of Withdrawal Risk Through Diversification; Appendix 4.2 Lender-of-Last-Resort Moral Hazard; References; Chapter 5: Spot Lending; Glossary of Terms IntroductionDescription of Bank Assets; What Is Lending?; Loans Versus Securities; Structure of Loan Agreements; Informational Problems in Loan Contracts and the Importance of Loan Performance; Credit Analysis: The Factors; Sources of Credit Information; Analysis of Financial Statements; Loan Covenants; Conclusion; Case Study Indiana Building Supplies, Inc.; Review Questions; Appendix 5.1 Trends in Credit Analysis; References; Chapter 6: Further Issues in Bank Lending; Glossary of Terms; Introduction; Loan Pricing and Profit Margins: General Remarks; Credit Rationing The Spot Lending Decision Electronic reproduction; Available via World Wide Web
ISBN:	0-12-299053-6 ; 0-08-047681-3 ; 978-0-08-047681-0 ; 978-0-12-299053-3
Source:	ECONIS - Online Catalogue of the ZBW

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