Overview

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.

Full Product Details

Author:   Stuart I. Greenbaum (Bank of America Professor of Managerial Leadership and former Dean, John M. Olin School of Business, Washington University, St. Louis, MO, USA) ,  Anjan V. Thakor (John E. Simon Professor of Finance and Director of the PhD Program, Olin School of Business, Washington University, St. Louis, MO, USA) ,  Arnoud W. A. Boot (Professor of Corporate Finance and Financial Markets, University of Amsterdam, The Netherlands)
Publisher:   Elsevier Science Publishing Co Inc
Imprint:   Academic Press Inc
Edition:   3rd edition
Dimensions:   Width: 21.60cm , Height: 2.50cm , Length: 27.60cm
Weight:   1.590kg
ISBN:  

9780124051966

ISBN 10:   0124051960
Pages:   490
Publication Date:   21 September 2015
Audience:   College/higher education ,  Undergraduate ,  Postgraduate, Research & Scholarly
Replaced By:   9780124052086
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
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Table of Contents

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

Reviews

Greenbaum, Thakor, and Boot encourage students to uncover the root causes of financial intermediary structures. This superb text combines comprehensive coverage with theoretical and empirical rigor. --George G. Pennacchi, University of Illinois 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 This updated version of the book provides an excellent application of the foundation principles of financial intermediation theory to the recent developments in the banking industry and financial regulation emerging from the 2007-9 crisis. The analytical approach is complemented by an extensive collection of exercises and case studies. This combination makes the book an invaluable instrument for teaching bank managements at universities and business schools. --Elena Carletti, Universit Bocconi These authors are uniquely qualified to provide a strong background on financial intermediation, since they originally penned much of the background research and are up-to-date on the recent literature. The Third Edition includes new chapters on the recent financial crisis and other important contemporary topics in financial intermediation that allow researchers, regulators, and practitioners to understand the most recent thinking on these topics. I strongly endorse this book. --Allen N. Berger, University of South Carolina

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

Author Information

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.

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