Bilan / Ongena / O’Flynn | Banking and Financial Markets | Buch | sack.de

Bilan / Ongena / O’Flynn Banking and Financial Markets



How Banks and Financial Technology Are Reshaping Financial Markets

1. Auflage 2019, 221 Seiten, Gebunden, HC runder Rücken kaschiert, Format (B × H): 153 mm x 216 mm, Gewicht: 423 g Reihe: Palgrave Macmillan Studies in Banking and Financial Institutions
ISBN: 978-3-030-26843-5
Verlag: Springer International Publishing


Bilan / Ongena / O’Flynn Banking and Financial Markets

The traditional role of a bank was to transfer funds from savers to investors, engaging in maturity transformation, screening for borrower risk and monitoring for borrower effort in doing so. A typical loan contract was set up along six simple dimensions: the amount, the interest rate, the expected credit risk (determining both the probability of default for the loan and the expected loss given default), the required collateral, the currency, and the lending technology. However, the modern banking industry today has a broad scope, offering a range of sophisticated financial products, a wider geography -- including exposure to countries with various currencies, regulation and monetary policy regimes -- and an increased reliance on financial innovation and technology. These new bank business models have had repercussions on the loan contract. In particular, the main components and risks of a loan contract can now be hedged on the market, by means of interest rate swaps, foreign exchange transactions, credit default swaps and securitization. Securitized loans can often be pledged as collateral, thus facilitating new lending. And the lending technology is evolving from one-to-one meetings between a loan officer and a borrower, at a bank branch, towards potentially disruptive technologies such as peer-to-peer lending, crowd funding or digital wallet services.
This book studies the interaction between traditional and modern banking and the economic benefits and costs of this new financial ecosystem, by relying on recent empirical research in banking and finance and exploring the effects of increased financial sophistication on a particular dimension of the loan contract.

Zielgruppe


Research

Weitere Infos & Material


1. Introduction 2. Securitization and Lending 3. Interest Rate Risk 4. Credit Risk 5. Collateral and Lending 6. Global Banking 7. FinTech and the Future of Banking 8. Conclusion


Bilan, Andrada
Andrada Bilan is a PhD candidate in finance at the Swiss Finance Institute and University of Zurich, Switzerland.

Hans Degryse is a professor at KU Leuven, Belgium, and a research fellow in financial economics of CEPR, UK.

Kuchulain O'Flynn is a PhD candidate in finance at the Swiss Finance Institute and the University of Zurich, Switzerland.

Steven Ongena is  a senior chair at the Swiss Finance Institute and a professor at the University of Zurich, Switzerland, a research professor at KU Leuven, Belgium, and a research fellow in financial economics of CEPR, UK.


Ihre Fragen, Wünsche oder Anmerkungen

Ihre Nachricht*
Wie möchten Sie kontaktiert werden?
Anrede*
Titel
Vorname*
Nachname*
Ihre E-Mail-Adresse*
Firma
Telefon
Fax
Bestellnr.
Kundennr.
Lediglich mit * gekennzeichnete Felder sind Pflichtfelder.
Wenn Sie die im Kontaktformular eingegebenen Daten durch Klick auf den nachfolgenden Button übersenden, erklären Sie sich damit einverstanden, dass wir Ihr Angaben für die Beantwortung Ihrer Anfrage verwenden. Selbstverständlich werden Ihre Daten vertraulich behandelt und nicht an Dritte weitergegeben. Sie können der Verwendung Ihrer Daten jederzeit widersprechen. Das Datenhandling bei Sack Fachmedien erklären wir Ihnen in unserer Datenschutzerklärung.