Contemporary financial intermediation

Primarily analytical rather than descriptive, this text uses numerous case studies featuring real-world illustrations to reinforce the application of key concepts. Features: * Both authors have outstanding credentials, are well-known in the finance community and bring years of experience to this exciting new text. * The concept of "the use of information" provides a strong theoretical unification to analysis of financial intermediation and also links the text to contemporary research. * Numerous case studies feature real-world illustrations which reinforce the application of key concepts. * Boxes covering advanced material are incorporated throughout to accomodate students interested in more in-depth explanations. * Chapter 7 contains superior, detailed coverage of commercial bank contingent claims. * "Securitization and Loan Sales" (Chapter 8) is a topic absent in most competitive texts. * Numerous practice problems reinforce intuitive understanding of theoretical concepts. * Strong pedagogy includes: chapter glossaries, end-of-chapter review questions, real-world examples and cases.

Basic Concepts. The Nature and Variety of Financial Intermediation. The What, Why and How of Financial Intermediation. Major Risks Faced by Banks. Spot Lending. Further Issues in Bank Lending. Off-balance Sheet Banking and Contingent Claims Products. Securization and Loan Sales. The Deposit Contract and Insurance. Bank Regulation: The Theory. Major Milestones in Banking Legislation and Regulatory Reform. Management of Risks and Opportunities in Banking. International Banking: Lending and Related Issues. International Banking: Regulation. Mergers and Acquisitions. Organisation Culture in Banking: Quality, Ethics, and Corporate Governance. The Future.