Microeconomics of Banking - Couverture rigide

Freixas, Xavier; Rochet, Jean-Charles

 
9780262061933: Microeconomics of Banking
Couverture rigide
ISBN 10 : 0262061937 ISBN 13 : 9780262061933
Editeur : The MIT Press, 1997

Synopsis

Twenty years ago, most banking courses focused on either management or monetary aspects of banking, with no connecting. Since then, a microeconomic theory of banking has developed, mainly through a switch of emphasis from the modeling of risk to the modeling of imperfect information. This asymmetric information model is based on the assumption that different economic agents possess different pieces of information on relevant economic variables, and that they will use the information for their own profit. The model has been extremely useful in explaining the role of banks in the economy. It has also been useful in pointing out structural weaknesses of the banking sector that may justify government intervention—for example, exposure to runs and panics, the persistence of rationing in the credit market, and solvency problems. Microeconomics of Banking provides a guide to the new theory. Topics include why financial intermediaries exist, the industrial organization approach to banking, optimal contracting between lenders and borrowers, the equilibrium of the credit market, macroeconomic consequences of financial imperfections, individual bank runs and systemic risk, risk management inside the banking firm, and bank regulation. Each chapter ends with a detailed problem set and solutions.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

Xavier Freixas is Professor at the Universitat Pompeu Fabra, and Barcelona Graduate School of Economics and coauthor of Microeconomics of Banking (MIT Press).

Jean-Charles Rochet is Professor of Mathematics and Economics at the University of Toulouse School of Economics.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
The MIT Press
Date d'édition
1997
Langue
anglais
ISBN 10 
0262061937
ISBN 13 
9780262061933
Reliure
Relié
Nombre de pages
334
Coordonnées du fabricant
non disponible
Personne responsable
non disponible