Hardback : £86.52
In Contemporary Financial Intermediation, Third Edition, Greenbaum, Thakor and Boot offer a distinctive approach to financial markets and institutions, presenting an integrated portrait that puts information at the core.
Instead of simply naming and describing markets, regulations, and institutions as competing books do, the authors explore the endless subtlety and plasticity of financial institutions and credit markets.
This edition has six new chapters and increased, enhanced pedagogical supplements. The book is ideal for anyone working in the financial sector, presenting professionals with a comprehensive understanding of the reasons why markets, institutions, and regulators act as they do. Readers will find an unmatched, thorough discussion of the world's financial markets and how they function.
In Contemporary Financial Intermediation, Third Edition, Greenbaum, Thakor and Boot offer a distinctive approach to financial markets and institutions, presenting an integrated portrait that puts information at the core.
Instead of simply naming and describing markets, regulations, and institutions as competing books do, the authors explore the endless subtlety and plasticity of financial institutions and credit markets.
This edition has six new chapters and increased, enhanced pedagogical supplements. The book is ideal for anyone working in the financial sector, presenting professionals with a comprehensive understanding of the reasons why markets, institutions, and regulators act as they do. Readers will find an unmatched, thorough discussion of the world's financial markets and how they function.
Teaches the logic behind the shifting relationships among financial institutions, markets, and regulations
1 Basic Concepts
2 The Nature and Variety of Financial Intermediation
3 The What, How and Why of Financial Intermediaries
4 Bank Risks
5 Interest Rate Risk
6 Liquidity Risk
7 Spot Lending and Credit Risk
8 Further Issues in Bank Lending
9 Special Topics in Credit: Syndicated Loans, Loan Sales, and
Project Finance
10 Off-Balance Sheet Banking and Contingent Claims Products
11 Securitization
12 The Deposit Contract, Deposit Insurance, and Shadow Banking
13 Bank Capital Structure
14 The 2007-2009 Financial Crisis and Other Financial Crises
15 Objectives of Bank Regulation
16 Milestones in Banking Legislation and Regulatory Reform
17 The Evolution of Banks and Markets and the Role of Financial
Innovation
18 The Future
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. 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. 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.
"Since its first edition, Greenbaum, Thakor and Boot has become the
standard textbook on financial intermediation, a sector
'contemporary as never before.' This revised edition nicely
reflects the renewed and necessary attention given to the sector."
--Steven Ongena, University of Zurich
"Contemporary Financial Intermediation provides a unified framework
for understanding the role of present day financial intermediaries,
their contribution to society, the risks they face, financial
crises, and the role of financial regulation. A valuable book for
students interested in learning about financial markets and
institutions, and how the global landscape has changed." --Ravi
Jagannathan, Northwestern University
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