Handbook of Financial Intermediation and Banking

Handbook of Financial Intermediation and Banking

1st Edition - May 27, 2008

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  • Editors: Anjan V. Thakor, Arnoud Boot
  • eBook ISBN: 9780080559926
  • Hardcover ISBN: 9780444515582

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Description

The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future.

Key Features

* Original review articles offer valuable perspectives on research issues appearing in top journals
* Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation
* Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles

Readership

Upper-division undergraduates, graduate students, professors, and professionals studying financial intermediation, in particular banking, financial systems, regulation, mutual funds, and interbank competition

Table of Contents

  • List of Contributors

    Preface

    Introduction to the Series

    Section 1: Design of Contracts and Securities

    Introduction to Design of Contracts and Securities

    Chapter 1: The Design of Debt Contracts

    Chapter 2: Subordination Levels in Structured Financing

    Section 2: Market Structure and Structure of Financial Markets

    Chapter 3: Limit Order Markets: A Survey

    Section 3: Financial Intermediary Structure

    Introduction to Financial Intermediary Structure

    Chapter 4: Bank Structure and Lending: What We Do and Do Not Know

    Chapter 5: Optimal Industrial Structure in Banking

    Chapter 6: Commercial Banks in Investment Banking

    Section 4: Mutual Funds

    Introduction to Mutual Funds

    Chapter 7: Performance Measurement and Evaluation

    Chapter 8: The Behavior of Mutual Fund Investors

    Chapter 9: Incentives in Funds Management: A Literature Overview

    Section 5: Regulation

    Introduction to Regulation

    Chapter 10: Consolidation in the U.S. Banking Industry: Is the “Long, Strange Trip” About to End?

    Chapter 11: Safety, Soundness, and the Evolution of the U.S. Banking Industry

    Chapter 12: What Caused the Bank Capital Buildup of the 1990s?

    Chapter 13: Basel II: A Case for Recalibration

    Section 6: Competition and Regulation in Banking

    Introduction to Competition and Regulation in Banking

    Chapter 14: Competition and Regulation in Banking

    Chapter 15: Competition and Regulation in the Banking Sector: A Review of the Empirical Evidence on the Sources of Bank Rents

    Index

Product details

  • No. of pages: 608
  • Language: English
  • Copyright: © Elsevier Science 2008
  • Published: May 27, 2008
  • Imprint: Elsevier Science
  • eBook ISBN: 9780080559926
  • Hardcover ISBN: 9780444515582

About the Editors

Anjan V. Thakor

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.

Affiliations and Expertise

John E. Simon Professor of Finance and Director of the PhD Program, Olin School of Business, Washington University, St. Louis, MO, USA

Arnoud Boot

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.

Affiliations and Expertise

University of Amsterdam

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