Contemporary Financial Intermediation

Greenbaum, Thakor, and Boot offer a distinctive approach to financial markets and institutions. They present an integrated portrait that puts information at the core. Instead of naming and describing markets, regulations, and institutions as competing texts do, they explore the endless subtlety and plasticity of financial institutions and credit markets. In the fourth edition every chapter will be revised. Pedagogical supplements will be increased and enhanced. For the financial sector, the best pre-professional training is to understand the reasons why markets, institutions, and regulators act as they do. Our volume demands more in terms of quantitative skills and analysis, but its ability to teach people about anticipating the financial world is unmatched.

PART I: A FRIENDLY CONVERSATION 1. Basic concepts

PART II: WHAT IS FINANCIAL INTERMEDIATION? 2. The nature and variety of financial intermediation 3. The what, how and why of financial intermediaries 4. Institutions and markets

PART III: THE BUSINESS OF BANKING 5. Spot lending 6. Further issues in bank lending 7. Off-balance sheet contingent commitments 8. Securitization

PART IV: MORE ON THE BUSINESS OF BANKING: FUNDING AND CAPITAL STRUCTURE 9. How banks fund themselves 10. The choice of funding and capital structure of banks

PART VII: BANK RISK MANAGEMENT 11. The management of risks

PART V: UNDERSTANDING FINANCIAL CRISES 12. Origin and causes of financial crises

PART VI: BANK REGULATION 13. Objectives and principles of bank regulation 14. Milestones in banking legislation and regulatory reform

PART VII: GOVERNANCE 15. The governance and structure of financial institutions 16. Corporate control

PART VIII: SPECIAL TOPICS 17. Financial innovation 18. Investment banks and the shadow banking system 19. Financial intermediaries and accounting

PART IX: CHALLENGES GOING FORWARD (THE FUTURE) 20. The future