Contemporary Financial Intermediation


  • 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

Stuart Greenbaum and Anjan Thakor bring a unique analytical approach to the subject of banks and banking in this completely revised and updated new edition. They expand the scope of the typical bank management course by addressing all types of deposit-type financial institutions and by explaining the why of intermediation rather than simply describing institutions, regulations, and market phenomena. This analytic approach strikes at the heart of financial intermediation by explaining why financial intermediaries exist and what they do. Specific regulations, economies, and policies will change, but the underlying philosophical foundations remain the same. This approach enables students to understand the foundational principles and to apply them to whatever context they encounter as professionals."This book is the perfect liasion between the microeconomics realm of information economics and the real world of banking and financial intermediation. It supplies a healthy dose of microeconomic theory to fully understand the underlying features of the most common financial instruments used in modern banking practice, all explained thoroughly with down to earth narratives and doable math/game theoretic instruments. It makes a wonderful preview before going on with Freixas text, or at least as its companion."--Quote referring to first edition from Enrique Fernandez on
View full description


Advanced undergraduates and MSc in Finance students in courses on commerical bank management, banking, money and banking, and financial intermediation.


Book information

  • Published: March 2007
  • ISBN: 978-0-12-299053-3

Table of Contents

Chapter 1 Basic Concepts Chapter 2 The Nature and Variety of Financial Intermediation Chapter 3 The What, How, and Why of Financial Intermediaries Chapter 4 Major Risks Faced by Banks Chapter 5 Sport Lending Chapter 6 Further Issues in Bank Lending Chapter 7 Off-Balance Sheet Banking and Contingent Claims Products Chapter 8 Securitization and Loan Sales Chapter 9 The Deposit Contract and Insurance Chapter 10 Objectives of Bank Regulation Chapter 11 Milestones in Banking Legislation and Regulatory Reform Chapter 12 Management of Risks and Opportunities in Banking Chapter 13 International Banking: Lending and Related Issues Chapter 14 International Banking: Regulation Chapter 15 Mergers and Acquisitions Chapter 16 Organization Culture in Banking: Governance, Quality, and Ethics Chapter 17 The Future