Contemporary Financial Intermediation

5th Auflage
ISBN: 978-0-443-27471-8
Verlag: Elsevier Science

Buch, Englisch, 600 Seiten, Format (B × H): 191 mm x 235 mm, Gewicht: 450 g

Contemporary Financial Intermediation, Fifth Edition offers a comprehensive and integrated exploration of financial markets and institutions, focusing on the pivotal role of information and economic reasoning. This edition emphasizes the transformative impact of the information technology revolution, particularly the rise of digitization and fintech, on the financial services industry. By weaving these developments into each chapter, the book enables readers to understand how evolving technologies reshape financial systems, institutions, and regulatory environments. The text provides the analytical tools and quantitative skills necessary to grasp the complexities, vulnerabilities, and innovations that define contemporary financial intermediation.

Additional sections examine the adaptability and fragility of financial institutions and credit markets, underscoring the importance of risk management-including cyber risk-in today’s dynamic landscape. Updated chapters and improved pedagogical supplements enrich the learning experience, making the material accessible yet rigorous. Readers gain insight into why markets, institutions, and regulators change, the recurring nature of financial crises, and typical responses to such events.

Autoren/Hrsg.

Greenbaum, Stuart I

Thakor, Anjan V

Boot, Arnoud W. A.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

Part I. The Background
1. Basic Concepts

Part II. What is Financial Intermediation?
2. The Nature and Variety of Financial Intermediation
3. The What, How, and Why of Financial Intermediaries

Part III. Identification and Management of Major Banking Risks
4. Bank Risks
5. Interest Rate Risk
6. Liquidity Risk

Part IV. “On Balance Sheet” Banking Activities
7. Spot Lending and Credit Risk
8. Further Issues in Bank Lending
9. Special Topics in Credit: Syndicated Loans, Loan Sales, and Project Finance

Part V. Off the Bank’s Balance Sheet
10. Off-Balance Sheet Banking and Contingent Claims Products
11. Securitization

Part VI. The Funding of the Bank
12. The Deposit Contract, Deposit Insurance, and Shadow Banking
13. Bank Capital Structure

Part VII. Financial Crises
14. The 2007-2009 Financial Crisis and Other Financial Crises

Part VIII. Bank Regulation
15. Objectives of Bank Regulation
16. Milestones in Banking Legislation and Regulatory Reform

Part IX. Financial Innovation
17. The Evolution and Blurring of Banks and Markets and the Role of Product and Service Differentiation

Part X. The Future
18. The Future

Über Autor(innen)

Thakor, Anjan V
As the John E. Simon Professor of Finance and Senior Associate Dean of Programs at the Olin School of Business, Washington University, St. Louis, Anjan Thakor works in both academia and the business world. Prior to joining the Olin School, he was Edward J. Frey Professor of Banking and Finance at the Ross School of Business, University of Michigan, where he also served as chairman of the Finance area. He has worked with many companies, including Whirlpool Corporation, Allision Engine Co., Citigroup, RR Donnelley, Dana Corporation, Anheuser-Busch, Zenith Corporation, Lincoln National Corporation, and J.P. Morgan.

Greenbaum, Stuart I
Stuart Greenbaum is a leading authority on banks. Formerly dean of the John M. Olin School of Business at Washington University in St. Louis, he spent twenty years at the Kellogg Graduate School of Management at Northwestern University, where he was the Director of the Banking Research Center and the Norman Strunk Distinguished Professor of Financial Institutions. Three times he was appointed to the Federal Savings and Loan Advisory Council and was twice officially commended for extraordinary public service. He is founding editor of the Journal of Financial Intermediation.

Boot, Arnoud W. A.
Arnoud Boot is professor of Corporate Finance and Financial Markets at the University of Amsterdam and chairman of the European Finance Association (EFA). He is chairman of the Bank Council of the Dutch Central Bank (DNB), member of the Scientific Council for Government Policy (WRR) and member of the Royal Netherlands Academy of Arts and Sciences (KNAW). He is also a research fellow at the Centre for Economic Policy Research (CEPR) in London.

Prior to his current positions, he was a member of the Inaugural Advisory Committee of the European Systemic Risk Board (ESRB), partner in the Finance and Strategy Practice at McKinsey & Co. and a faculty member at the J.L. Kellogg Graduate School of Management at Northwestern University in Chicago. He was also Bertil Danielsson Visiting Professor at the Stockholm School of Economics and Olin Fellow at Cornell University. He is the past chairman of the Royal Netherlands Economics Association.

In addition to his academic activities, Arnoud Boot advises extensively on ownership structure issues, particularly related to the public/private domain, and is consultant to several financial institutions and corporations. He is a non-executive director of several corporations and agencies. His research focuses on corporate finance and financial institutions. His publications have appeared in major academic journals, such as the Journal of Finance, American Economic Review, Review of Financial Studies, and the Journal of Financial Intermediation.