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Microeconomics of Banking, 2nd Edition | 
 enlarge | Authors: Xavier Freixas, Jean-charles Rochet
Publisher: The MIT Press
Category: Book
List Price: $60.00
Buy New: $42.82
You Save: $17.18 (29%)
New (24) Used (9) from $39.90
Rating:  1 reviews
Sales Rank: 216378
Media: Hardcover
Edition: 2
Pages: 384
Number Of Items: 1
Shipping Weight (lbs): 1.7
Dimensions (in): 9.1 x 6.8 x 1
ISBN: 0262062704
Dewey Decimal Number: 332.1
EAN: 9780262062701
ASIN: 0262062704
Publication Date: April 30, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand new item. Over 4 million customers served. Order now. Selling online since 1995. Few left in stock - order soon. Code: M20090106121930T
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Product Description
Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may justify government intervention. In the past, banking courses in most doctoral programs in economics, business, or finance focused either on management or monetary issues and their macroeconomic consequences; a microeconomic theory of banking did not exist because the Arrow-Debreu general equilibrium model of complete contingent markets (the standard reference at the time) was unable to explain the role of banks in the economy. This text provides students with a guide to the microeconomic theory of banking that has emerged since then, examining the main issues and offering the necessary tools for understanding how they have been modeled.
This second edition covers the recent dramatic developments in academic research on the microeconomics of banking, with a focus on four important topics: the theory of two-sided markets and its implications for the payment card industry; "non-price competition" and its effect on the competition-stability tradeoff and the entry of new banks; the transmission of monetary policy and the effect on the functioning of the credit market of capital requirements for banks; and the theoretical foundations of banking regulation, which have been clarified, although recent developments in risk modeling have not yet led to a significant parallel development of economic modeling.
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| Customer Reviews:
The reference handbook December 6, 2008
Fabrice (Toulouse)
0 out of 1 found this review helpful
Really interesting to understand these complex systems, i really think that is "the" book recommended.
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