Credit, Intermediation, and the Macroeconomy Readings and Perspectives in Modern Financial Theory,9780199242948

Credit, Intermediation, and the Macroeconomy Readings and Perspectives in Modern Financial Theory

by ; ;
ISBN13: 9780199242948
ISBN10: 0199242941
Format: Hardcover
Pub. Date: 2004-06-03
Publisher(s): Oxford University Press
Upgraded Edition: Click here!
List Price: $149.28

Rent Textbook

Select for Price
Add to Cart
There was a problem. Please try again later.

New Textbook

We're Sorry
Sold Out

Used Textbook

We're Sorry
Sold Out

eTextbook

We're Sorry
Not Available

Buy from our Marketplace starting at $101.21

How Marketplace Works:

  • This item is offered by an independent seller and not shipped from our warehouse
  • Item details like edition and cover design may differ from our description; see seller's comments before ordering.
  • Sellers much confirm and ship within two business days; otherwise, the order will be cancelled and refunded.
  • Marketplace purchases cannot be returned to eCampus.com. Contact the seller directly for inquiries; if no response within two days, contact customer service.
  • Additional shipping costs apply to Marketplace purchases. Review shipping costs at checkout.

Summary

Understanding the functioning of the financial sector-and the intermediary institutions comprising it--is of major importance in analyzing the allocation efficiency of modern economies, the sources of fluctuations within them, and the possible crises inherent in their structure of interlinkages. This collection of papers, substantial editorial, and discussions by eminent economists brings together some of the most important research in the area of financial theory from the past fifteen years.

Author Biography


Sudipto Bhattacharya is currently Professor of Finance in the Department of Accounting and Finance at the London School of Economics and Political Science. Previously, he has taught at the Universities of Chicago, Stanford, Berkeley, Michigan, and Delhi.

Table of Contents

Acknowledgments ix
List of contributors
xi
Introduction 1(14)
Sudipto Bhattacharya
Arnoud W. A. Boot
Anjan V. Thakor
Part I Monitoring by and of Banks
Financial Intermediary-Coalitions
15(21)
John H. Boyd
Edward C. Prescott
The Role of Demandable Debt in Structuring Optimal Banking Arrangements
36(33)
Charles W. Calomiris
Charles M. Kahn
Monitoring, Liquidation, and Security Design
69(23)
Rafael Repullo
Javier Suarez
Financial Intermediation with Risk Aversion
92(43)
Martin F. Hellwig
Monitoring by and of Banks: A Discussion
122(13)
Sudipto Bhattacharya
Arnoud W. A. Boot
Anjan V. Thakor
Part II Liquidity Provision via Banks and Markets
Liquidity, Banks, and Markets
135(27)
Douglas W. Diamond
Private and Public Supply of Liquidity
162(36)
Bengt Holmstrom
Jean Tirole
Financial Intermediation versus Stock Markets in a Dynamic Intertemporal Model
198(27)
Sudipto Bhattacharya
Paolo Fulghieri
Riccardo Rovelli
The Governance of Exchanges: Members' Cooperatives versus Outside Ownership
225(40)
Oliver Hart
John Hardman-Moore
Liquidity Provision via Banks and Markets: A Discussion
249(16)
Ernst-Ludwig von Thadden
Part III Bank Runs and Financial Crises
Banking Panics, Information, and Rational Expectations Equilibrium
265(15)
V. V. Chari
Ravi Jagannathan
Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks
280(17)
Stephen Morris
Hyun-Song Shin
Contagion and Efficiency in Gross and Net Interbank Payment Systems
297(42)
Xavier Freixas
Bruno Parigi
Bank Runs and Financial Crises: A Discussion
324(15)
Jean-Charles Rochet
Part IV Regulation of Financial Intermediaries
Capital Requirements and the Behavior of Commercial Banks
339(35)
Jean-Charles Rochet
Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking Before 1933
374(31)
Randall S. Kroszner
Raghuram G. Rajan
Optimal Design of Bank Bailouts: The Case of Transition Economies
405(44)
Philippe Aghion
Patrick Bolton
Steven Fries
Regulation of Financial Intermediaries: A Discussion
424(25)
Xavier Freixas
Anthony M. Santomero
Part V Financial Contracting and Interbank Competition
Reputation and Discretion in Financial Contracting
449(25)
Arnoud W. A. Boot
Stuart I. Greenbaum
Anjan V. Thakor
The Effect of Credit Market Competition on Lending Relationships
474(33)
Mitchell A. Petersen
Raghuram G. Rajan
Long-term Contracts, Short-term Investment, and Monitoring
507(24)
Ernst-Ludwig von Thadden
Competition among Financial Intermediaries when Diversification Matters
531(60)
Andrew Winton
Financial Contracting and Interbank Competition: A Discussion
569(22)
Andrew Winton
Part VI Comparative Financial Systems
Credit and Efficiency in Centralized and Decentralized Economies
591(19)
Mathias Dewatripont
Eric Maskin
Proprietary Information, Financial Intermediation, and Research Incentives
610(28)
Sudipto Bhattacharya
Gabriella Chiesa
Financial System Architecture
638(38)
Arnoud W.A. Boot
Anjan V. Thakor
Financial Markets, Intermediaries, and Intertemporal Smoothing
676(97)
Franklin Allen
Douglas Gale
Comparative Financial Systems: A Discussion
699(74)
Franklin Allen
Douglas Gale
Part VII Credit Markets, Intermediation, and the Macroeconomy
Financial Intermediation, Loanable Funds, and the Real Sector
773(25)
Bengt Holmstrom
Jean Tirole
Credit Cycles
798(35)
Nobuhiro Kiyotaki
John Hardman-Moore
Endogenous Cycles in a Stiglitz--Weiss Economy
833(60)
Javier Suarez
Oren Sussman
Credit Markets, Intermediation, and the Macroeconomy: A Discussion
856(37)
Pietro Reichlin
Index 893

An electronic version of this book is available through VitalSource.

This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.

By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.

Digital License

You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferable.

More details can be found here.

A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.

Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.

Please view the compatibility matrix prior to purchase.