Contemporary Financial Intermediation Book

Contemporary Financial Intermediation


  • Author : Stuart I. Greenbaum
  • Publisher : Academic Press
  • Release Date : 2019-05-14
  • Genre: Business & Economics
  • Pages : 490
  • ISBN 10 : 9780124059344

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Contemporary Financial Intermediation Excerpt :

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 Book
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Contemporary Financial Intermediation


  • Author : Stuart I. Greenbaum
  • Publisher : Elsevier
  • Release Date : 2007-03-20
  • Genre: Business & Economics
  • Pages : 672
  • ISBN 10 : 0080476813

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Contemporary Financial Intermediation Excerpt :

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  2nd Edition Book

Contemporary Financial Intermediation 2nd Edition


  • Author : Stuart Greenbaum
  • Publisher : Unknown
  • Release Date : 2007
  • Genre: Uncategoriezed
  • Pages : 672
  • ISBN 10 : OCLC:1137227318

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Contemporary Financial Intermediation 2nd Edition Excerpt :

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.

Political Economy of Financialization in the United States Book

Political Economy of Financialization in the United States


  • Author : Kurt Mettenheim
  • Publisher : Routledge
  • Release Date : 2021-09-23
  • Genre: Business & Economics
  • Pages : 332
  • ISBN 10 : 9781000449679

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Political Economy of Financialization in the United States Excerpt :

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.

Finance and Financial Intermediation Book

Finance and Financial Intermediation


  • Author : Harold L. Cole
  • Publisher : Oxford University Press
  • Release Date : 2019-03-29
  • Genre: Business & Economics
  • Pages : 304
  • ISBN 10 : 9780190941727

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Finance and Financial Intermediation Excerpt :

The financial system is a densely interconnected network of financial intermediaries, facilitators, and markets that serves three major purposes: allocating capital, sharing risks, and facilitating intertemporal trade. Asset prices are an important mechanism in each of these phenomena. Capital allocation, whether through loans or other forms of investment, can vary both across sectors-at the broadest, manufactures, agriculture, and services-and within sectors, for example different firms. The risk that various investors are willing to take reflects their financial position and alternative opportunities. Risk and asset allocation are also influenced by whether money, and especially its expenditure, is more important now or in the future. These decisions are all influenced by governmental policies. When there are mismatches, the results include financial meltdowns, fiscal deficits, sovereign debt, default and debt crises. Harold L. Cole provides a broad overview of the financial system and assets pricing, covering history, institutional detail, and theory. The book begins with an overview of financial markets and their operation and then covers asset pricing for standard assets and derivatives, and analyzes what modern finance says about firm behavior and capital structure. It then examines theories of money, exchange rates, electronic payments methods, and cryptocurrencies. After exploring banks and other forms of financial intermediation, the book examines the role they played in the Great Recession. Having provided an overview of the provate sector, Cole switches to public finance and government borrowing as well as the incentives to monetize the public debt and its consequences. The book closes with an examination of sovereign debt crises and an analysis of their various forms. Finance and financial intermediation are central to modern economies. This book covers all of the material a sophisticated economist needs to know about this area.

The Structure and Regulation of Financial Markets Book

The Structure and Regulation of Financial Markets


  • Author : Peter D. Spencer
  • Publisher : OUP Oxford
  • Release Date : 2000-10-12
  • Genre: Business & Economics
  • Pages : 280
  • ISBN 10 : 9780191586866

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The Structure and Regulation of Financial Markets Excerpt :

Aimed at advanced undergraduate and graduate students in economics, banking, and finance, this is a core textbook for the financial markets, institutions, and regulation option of courses in financial economics. It integrates modern theories of asymmetric information into the analysis of financial institutions, relating the theory to current developments. The text begins with an analysis of adverse selection in retail financial products like life assurance before looking at open capital markets where trades and prices provide information. It then progresses to the more complex areas of corporate governance and financial intermediation in which information is concealed or confidential and moral hazard and verification problems become important. These chapters study the various mechanisms that the financial markets have developed to allow investors to delegate the management of their assets to others. This analysis is used to show how regulation can reduce the risk of financial failure and how legal, accounting, and regulatory mechanisms can help shape a country's corporate and financial architecture. These difficult theoretical concepts are conveyed through the careful use of numerical illustrations and topical case studies. Each chapter ends with a set of exercises to test and reinforce students' comprehension of the material. Worked solutions are provided for the numerical exercises.

Contemporary Topics in Finance Book

Contemporary Topics in Finance


  • Author : Iris Claus
  • Publisher : John Wiley & Sons
  • Release Date : 2019-04-29
  • Genre: Business & Economics
  • Pages : 400
  • ISBN 10 : 9781119565161

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Contemporary Topics in Finance Excerpt :

The literature surveys presented in this edited volume provide readers with up-to-date reviews on eleven contemporary topics in finance. Topics include unconventional monetary policy, implicit bank guarantees, and financial fraud - all linked to the exceptional event of the Global Financial Crisis Explores how recent studies on inflation risk premia and finance and productivity have benefitted from new empirical methods and the availability of relevant data Demonstrates how angel investing, venture capital, relationship lending and microfinance have benefitted from increased research as they have become more seasoned Investigates crowdfunding and crypto-currencies which have both arisen from recent technological developments

Principles of Financial Regulation Book

Principles of Financial Regulation


  • Author : Hogan Lovells Professor of Law and Finance John Armour
  • Publisher : Oxford University Press
  • Release Date : 2016-09-28
  • Genre: Uncategoriezed
  • Pages : 520
  • ISBN 10 : 9780198786474

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Principles of Financial Regulation Excerpt :

The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets, and prompted a fundamental reconsideration of the design of financial regulation. As the financial system has become ever-more complex and interconnected, the pace of evolution continues to accelerate. It is now clear that regulation must focus on the financial system as a whole, but this poses significant challenges for regulators. Principles of Financial Regulation describes how to address those challenges. Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of regulation by drawing on economics, finance, and law methodologies. The volume examines regulation in a purposive and dynamic way by framing the book in terms of what the financial system does, rather than what financial regulation is. By analysing specific regulatory measures, the book provides readers to the opportunity to assess regulatory choices on specific policy issues and encourages critical reflection on the design of regulation.

The Making of Finance Book

The Making of Finance


  • Author : Isabelle Chambost
  • Publisher : Routledge
  • Release Date : 2018-09-26
  • Genre: Business & Economics
  • Pages : 290
  • ISBN 10 : 9781351016094

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The Making of Finance Excerpt :

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.

The Book of Payments Book

The Book of Payments


  • Author : Bernardo Batiz-Lazo
  • Publisher : Springer
  • Release Date : 2016-12-04
  • Genre: Business & Economics
  • Pages : 416
  • ISBN 10 : 9781137602312

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The Book of Payments Excerpt :

This book examines the nature of retail financial transaction infrastructures. Contributions assume a long-term outlook in their exploration of the key financial processes and systems that support a global transition to a cashless economy. The volume offers both modern and historic accounts that demonstrate the constantly changing role of payment instruments. It brings together different theoretical approaches to the study, re-examining and forecasting changes in retail payment systems. Chapters explore a global transition to a cashless society and contemplate future alternatives to cash, cheques and plastic, featuring the perspectives of academics from different disciplines in conversation and industry participants from six continents. Readers are invited to discover the innovation in payment systems and how it co-evolves with changes in society and organisations through personal, corporate and governmental processes.

Three Essays on Macroeconomic Implications of Contemporary Financial Intermediation Book

Three Essays on Macroeconomic Implications of Contemporary Financial Intermediation


  • Author : Hyun Woong Park
  • Publisher : Unknown
  • Release Date : 2015
  • Genre: Uncategoriezed
  • Pages : null
  • ISBN 10 : OCLC:944514835

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Three Essays on Macroeconomic Implications of Contemporary Financial Intermediation Excerpt :

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 levera