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Englisch
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Beschreibung
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 exchangetransactions, 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.
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 exchangetransactions, 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.
Über den Autor
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.
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.
Zusammenfassung
Studies the interaction between traditional and modern banking and the economic benefits and costs of this new financial ecosystem
Relies and analyzes the most recent empirical research in banking and finance
Explores the boundaries of the current banking research, what methods were used to get to these boundaries, and what challenges lay ahead in extending them
Inhaltsverzeichnis
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.
Details
| Erscheinungsjahr: | 2019 |
|---|---|
| Fachbereich: | Einzelne Wirtschaftszweige |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Buch |
| Reihe: | Palgrave Macmillan Studies in Banking and Financial Institutions |
| Inhalt: |
xi
221 S. 4 s/w Illustr. 7 farbige Illustr. 221 p. 11 illus. 7 illus. in color. |
| ISBN-13: | 9783030268435 |
| ISBN-10: | 3030268438 |
| Sprache: | Englisch |
| Ausstattung / Beilage: | HC runder Rücken kaschiert |
| Einband: | Gebunden |
| Autor: |
Bilan, Andrada
Ongena, Steven O¿Flynn, Kuchulain Degryse, Hans |
| Auflage: | 1st ed. 2019 |
| Hersteller: |
Springer International Publishing
Palgrave Macmillan Studies in Banking and Financial Institutions |
| Maße: | 216 x 153 x 18 mm |
| Von/Mit: | Andrada Bilan (u. a.) |
| Erscheinungsdatum: | 27.11.2019 |
| Gewicht: | 0,423 kg |
Über den Autor
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.
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.
Zusammenfassung
Studies the interaction between traditional and modern banking and the economic benefits and costs of this new financial ecosystem
Relies and analyzes the most recent empirical research in banking and finance
Explores the boundaries of the current banking research, what methods were used to get to these boundaries, and what challenges lay ahead in extending them
Inhaltsverzeichnis
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.
Details
| Erscheinungsjahr: | 2019 |
|---|---|
| Fachbereich: | Einzelne Wirtschaftszweige |
| Genre: | Wirtschaft |
| Rubrik: | Recht & Wirtschaft |
| Medium: | Buch |
| Reihe: | Palgrave Macmillan Studies in Banking and Financial Institutions |
| Inhalt: |
xi
221 S. 4 s/w Illustr. 7 farbige Illustr. 221 p. 11 illus. 7 illus. in color. |
| ISBN-13: | 9783030268435 |
| ISBN-10: | 3030268438 |
| Sprache: | Englisch |
| Ausstattung / Beilage: | HC runder Rücken kaschiert |
| Einband: | Gebunden |
| Autor: |
Bilan, Andrada
Ongena, Steven O¿Flynn, Kuchulain Degryse, Hans |
| Auflage: | 1st ed. 2019 |
| Hersteller: |
Springer International Publishing
Palgrave Macmillan Studies in Banking and Financial Institutions |
| Maße: | 216 x 153 x 18 mm |
| Von/Mit: | Andrada Bilan (u. a.) |
| Erscheinungsdatum: | 27.11.2019 |
| Gewicht: | 0,423 kg |
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