Advanced Masters in Science and PhD students. Researchers working at International Organizations, Central Banks, Supervisory Agencies and Ministries of Finance or Economics.
Hans Degryse, professor of financial intermediation and markets, Tilburg University, Moshe Kim, professor of economics, University of Haifa, Israel, and Steven Ongena, professor in empirical banking, Tilburg University
"This is the perfect companion to the popular Freixas and Rochet theory book on the microeconomics of banking. Degryse, Kim, and Ongena do a superb job in linking recent advances in the empirical literature to existing theory of banking, offering students of financial intermediation a unique overview of the range of available econometric methods to analyze the behavior of financial institutions and their customers. The material is enriched by well-chosen applications and examples. The book fills a major gap in the literature and is a must read for anyone interested in the subject." - Luc Laeven, Senior Economist, International Monetary
WHY DO FINANCIAL INTERMEDIARIES EXIST?
THE INDUSTRIAL ORGANIZATION APPROACH TO BANKING
THE LENDER-BORROWER RELATIONSHIP
EQUILIBRIUM AND RATIONING IN THE CREDIT MARKET
THE MACROECONOMIC CONSEQUENCES OF FINANCIAL IMPERFECTIONS
INDIVIDUAL BANK RUNS AND SYSTEMIC RISK
MANAGING RISKS IN THE BANKING FIRM
THE REGULATION OF BANKS
EPILOGUE: THE BANKING CRISIS OF 2007-2008