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Beschreibung
The third edition of a leading text on the microeconomic foundations of banking, comprehensively updated with new coverage of the 2008 Global Financial Crisis, fintech, and the latest research in banking theory.

The banking industry has undergone seismic change in the twenty-first century, from the overhaul of regulation in the wake of the 2008 Global Financial Crisis to the digitalization of the economy and the disruption of traditional business models by ascendant tech giants. Now in a comprehensively updated third edition, this essential graduate-level text on the microeconomic foundations of banking provides the rigorous theoretical approach required to understand these new structures and norms, functioning as a user’s guide to recent academic literature. Microeconomics of Banking offers a comprehensive view of the evolution of banking theory and the rapidly changing realm of financial intermediation, examining the central issues and offering the necessary tools for understanding how they have been modeled.

New edition highlights:
  • Up-to-date coverage of the latest research in banking theory as well as the events of the global financial crisis and resultant Basel III regulatory framework
  • New chapters on liquidity and systemic risk
  • New material throughout on cryptocurrencies, fintech, and other facets of a digitalized economy
The third edition of a leading text on the microeconomic foundations of banking, comprehensively updated with new coverage of the 2008 Global Financial Crisis, fintech, and the latest research in banking theory.

The banking industry has undergone seismic change in the twenty-first century, from the overhaul of regulation in the wake of the 2008 Global Financial Crisis to the digitalization of the economy and the disruption of traditional business models by ascendant tech giants. Now in a comprehensively updated third edition, this essential graduate-level text on the microeconomic foundations of banking provides the rigorous theoretical approach required to understand these new structures and norms, functioning as a user’s guide to recent academic literature. Microeconomics of Banking offers a comprehensive view of the evolution of banking theory and the rapidly changing realm of financial intermediation, examining the central issues and offering the necessary tools for understanding how they have been modeled.

New edition highlights:
  • Up-to-date coverage of the latest research in banking theory as well as the events of the global financial crisis and resultant Basel III regulatory framework
  • New chapters on liquidity and systemic risk
  • New material throughout on cryptocurrencies, fintech, and other facets of a digitalized economy
Über den Autor
Xavier Freixas and Jean-Charles Rochet
Inhaltsverzeichnis
Preface to the Third Edition xiii
1 Introduction 1
2 Banks and Informational Frictions 17
3 The Industrial Organization Approach to Banking 37
4 The Lender-Borrower Relationship 69
5 The Macroeconomic Consequences of Financial Imperfections 93
6 Bank Runs, Bank Panics, and the Lender of Last Resort 129
7 Liquidity 149
8 Banking Regulation: The Microprudential Approach 169
9 Systemic Risk and Macroprudential Regulation 191
Notes 207
References 208
Index 211
Details
Erscheinungsjahr: 2023
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Einband - fest (Hardcover)
ISBN-13: 9780262048194
ISBN-10: 0262048191
Sprache: Englisch
Einband: Gebunden
Autor: Rochet, Jean-Charles
Freixas, Xavier
Hersteller: MIT Press Ltd
Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 233 x 182 x 19 mm
Von/Mit: Jean-Charles Rochet (u. a.)
Erscheinungsdatum: 22.08.2023
Gewicht: 0,588 kg
Artikel-ID: 126828501

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