Greenbaum, Stuart I.

Contemporary financial intermediation / Stuart I. Greenbaum, Anjan V. Thakor, Arnoud W. A. Boot. - 3rd ed. - Amsterdam, etc. : Elsevier Academic Press, c2016. - xxiii, 466 p. : ill. b&w ; 27 cm.

Includes bibliographical references and index.

Pt. 1. Background --
1. Basic concepts --
Pt. 2. What is financial intermediation? --
2. The nature and variety of financial intermediation --
3. The what, how, and why of financial intermediaries --
Pt. 3.Indentification and management of major banking risk --
4. Major risks --
5. Interest rate risk --
6. Liquidity --
Pt. 4. "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 --
Pt. 5. Off the bank's balance sheet --
10. Off-balance sheet banking and contingent claims products --
11. Securitization --
Pt. 6. The funding of the bank --
12. The deposit contract, deposit insurance, and shadow banking --
13. Bank capital structure --
Pt. 7. Financial crisis --
14. The 2007-2009 financial crisis and other financial crises --
Pt. 8. Bank regulation --
15. Objectives of bank regulation --
16. Milestones in banking legislation and regulatory reform --
Pt. 9. Financial innovation --
17. The evolution of banks and markets and the role of financial innovation --
Pt. 10. The future --
18. The future.

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.

9780124051966


Banks and banking--United States
Intermediation (Finance)
Bank management

332.10973