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Microeconomics of Banking (The MIT Press) download ebook

by Xavier Freixas

Microeconomics of Banking (The MIT Press) download ebook
ISBN:
0262062704
ISBN13:
978-0262062701
Author:
Xavier Freixas
Publisher:
The MIT Press; second edition edition (March 14, 2008)
Language:
Pages:
392 pages
ePUB:
1468 kb
Fb2:
1679 kb
Other formats:
mobi azw docx txt
Category:
Business & Finance
Subcategory:
Rating:
4.4

MIT Press began publishing journals in 1970 with the first volumes of Linguistic Inquiry .

MIT Press began publishing journals in 1970 with the first volumes of Linguistic Inquiry and the Journal of Interdisciplinary History. Today we publish over 30 titles in the arts and humanities, social sciences, and science and technology. The book is a major contribution to the literature on the theory of banking and intermediation. Xavier Freixas is Professor at the Universitat Pompeu Fabra, and Barcelona Graduate School of Economics and coauthor of Microeconomics of Banking (MIT Press).

Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the .

Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may justify government intervention. This text provides students with a guide to the microeconomic theory of banking that has emerged since then, examining the main issues and offering the necessary tools for understanding how they have been modeled.

Microeconomics of banking, Xavier Freixas and Jean-Charles Rochet. 6 2008 Massachusetts Institute of Technology All rights reserved. Xavier Freixas and Jean-Charles Rochet. The MIT Press Cambridge, Massachusetts London, England. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher. MIT Press books may be purchased at special quantity discounts for business or sales promotional use.

Xavier Freixas, Jean-Charles Rochet. Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector.

Microeconomics of Banking provides a guide to the new theory.

At last the profession has an advanced book on the theory of banking. The Microeconomics of Banking provides an outstanding exposition of the theory of banking.

Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Microeconomics of Banking (The MIT Press). At last the profession has an advanced book on the theory of banking.

Microeconomics of Banking. The course provides an overview of basic microeconomic models describing different banking markets

Microeconomics of Banking. The course provides an overview of basic microeconomic models describing different banking markets. It implies discussing the market structures, most of the types of bank-client relationships in the deposit, loan an interbank markets as well as and banking regulation, crises and systemic risk.

The determinants of US banking activity abroad. Journal of International Money and Finance 9: 123–137. The Determinants of Foreign Banking Activity in the United States. Journal of Banking and Finance 5: 17-32. and A. Saunders (1981). and R. Grosse (1994). Location Choice of Foreign Banks in the United States. Journal of Economics and Business 46: 367–379.

The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may justify government intervention

The Microeconomics of Banking. Microeconomics of Banking. and. Jean-Charles Rochet.

The Microeconomics of Banking. Book · January 1997 with 18,209 Reads. How we measure 'reads'. The model has been extremely useful in explaining the role of banks in the economy. Microeconomics of Banking provides a guide to the new theory.

The second edition of an essential text on the microeconomic foundations of banking surveys the latest research in banking theory, with new material that covers recent developments in the field.

Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may justify government intervention. In the past, banking courses in most doctoral programs in economics, business, or finance focused either on management or monetary issues and their macroeconomic consequences; a microeconomic theory of banking did not exist because the Arrow-Debreu general equilibrium model of complete contingent markets (the standard reference at the time) was unable to explain the role of banks in the economy. This text provides students with a guide to the microeconomic theory of banking that has emerged since then, examining the main issues and offering the necessary tools for understanding how they have been modeled.

This second edition covers the recent dramatic developments in academic research on the microeconomics of banking, with a focus on four important topics: the theory of two-sided markets and its implications for the payment card industry; “non-price competition” and its effect on the competition-stability tradeoff and the entry of new banks; the transmission of monetary policy and the effect on the functioning of the credit market of capital requirements for banks; and the theoretical foundations of banking regulation, which have been clarified, although recent developments in risk modeling have not yet led to a significant parallel development of economic modeling.

Praise for the first edition:"The book is a major contribution to the literature on the theory of banking and intermediation. It brings together and synthesizes a broad range of material in an accessible way. I recommend it to all serious scholars and students of the subject. The authors are to be congratulated on a superb achievement."―Franklin Allen, Nippon Life Professor of Finance and Economics, Wharton School, University of Pennsylvania

"This book provides the first comprehensive treatment of the microeconomics of banking. It gives an impressive synthesis of an enormous body of research developed over the last twenty years. It is clearly written and apleasure to read. What I found particularly useful is the great effort that Xavier Freixas and Jean-Charles Rochet have taken to systematically integrate the theory of financial intermediation into classical microeconomics and finance theory. This book is likely to become essential reading for all graduate students in economics, business, and finance."―Patrick Bolton, Barbara and David Zalaznick Professor of Business, Columbia University Graduate School of Business

"The authors have provided an extremely thorough and up-to-date survey of microeconomic theories of financial intermediation. This work manages to be both rigorous and pleasant to read. Such a book was long overdue and shouldbe required reading for anybody interested in the economics of banking and finance."―Mathias Dewatripont, Professor of Economics, ECARES, Universit

Reviews:
  • CrazyDemon
in my opinion this is not a very good textbook. it certainly has good literature reviews, but when it comes to the deduction of complex models, the book really doesn't give much details and explanation. and the after-chapter problems sometimes disconnect with the materials covered in the chapters
  • LONUDOG
I found this book very useful to introduce my postgraduate students to the core microeconomic theories of financial intermediation. Several chapters have been updated in the second edition to include the latest developments in the literature. Many papers, theoretical and empirical, are also commented, and a large set of references are provided. Nevertheless, some derivations aren't crystal clear, and some minor mistakes still remain. In any case, this is the best textbook on microeconomics of banking in the market.
  • Fani
Clear, precise. A beautiful exposition of the current state of banking theory.
  • Laitchai
Really interesting to understand these complex systems, i really think that is "the" book recommended.
  • energy breath
this book gives a good overview over the literature. sadly, the models introduced in the text and in the exercises are often set up poorly (some variables and parameters are never defined, timing assumptions are not discussed, etc).
  • FRAY
This is a pretty bad economics book. It covers an interesting range of topics, however the models are poorly explained and with no intuition what so ever.
Each chapter ends with some problems, but again the suggested solutions are not made thoroughly enough. If you want to learn something about the economics of banking, you will probably be better off simply reading the academic papers the book refers too.