Extent: | Online Ressource (4227 KB, 672 S.) |
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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 |
Persistent link: https://www.econbiz.de/10012674406