Efnisyfirlit

• Dedication
• Contemporary Financial Intermediation
• Copyright Page
• Abbreviated Contents
• Extended Contents
• Preface
• Acknowledgments
• About the Authors
• Introduction
• I. The Background
  • 1. Basic Concepts
    • Introduction
    • Risk Preferences
    • Diversification
    • Riskless Arbitrage
    • Options
    • Market Efficiency
    • Market Completeness
    • Asymmetric Information and Signaling
    • Agency and Moral Hazard
    • Time Consistency
    • Nash Equilibrium
    • Revision of Beliefs and Bayes Rule
    • Liquidity
    • Systemic Risk
    • Disagreement
    • Mark-to-Market Accounting
• II. What is Financial Intermediation?
  • 2. The Nature and Variety of Financial Intermediation
    • Introduction
    • What are Financial Intermediaries?
    • The Variety of Financial Intermediaries
    • Depository Financial Intermediaries
    • Investment Banks: Key Nondepository Intermediaries in the Capital Market
    • Separation Between Investment Banks and Commercial Banks Undone
    • Other Nondepository Intermediaries
    • Credit Rating Agencies
    • The Role of the Government
    • Financial Intermediaries on the Periphery
    • Conclusion
    • Review Questions
    • Appendix 2.1 Measurement Distortions and the Balance Sheet
  • 3. The What, How, and Why of Financial Intermediaries
    • Introduction
    • How Does the Financial System Work?
    • Business Financing: Debt
    • Fractional Reserve Banking and the Goldsmith Anecdote
    • A Model of Banks and Regulation
    • The Macroeconomic Implications of Fractional Reserve Banking: The Fixed Coefficient Model
    • Large Financial Intermediaries
    • How Banks can Help to Make Nonbank Financial Contracting More Efficient
    • The Empirical Evidence: Banks are Special
    • Ownership Structure of Depository Financial Institutions
    • The Borrower's Choice of Finance Source
    • Conclusion
    • Review Questions
    • Appendix 3.1 The Formal Analysis of Large Intermediaries
    • Appendix 3.2 Definitions
• III. Identification and Management of Major Banking Risks
  • 4. Bank Risks
    • Introduction
    • Basic Banking Risks
    • Credit, Interest Rate, and Liquidity Risks
    • Enterprise Risk Management
    • Conclusion
    • Review Questions
  • 5. Interest Rate Risk
    • Introduction
    • The Term Structure of Interest Rates
    • The Lure of Interest Rate Risk and Its Potential Impact
    • Duration
    • Convexity
    • Interest Rate Risk
    • Conclusion
    • Case Study: Eggleston State Bank
  • 6. Liquidity Risk
    • Introduction
    • What, After All, is Liquidity Risk?
    • Some Formal Definitions of Liquidity
    • The Management of Liquidity Risk
    • The Difficulty of Distinguishing Between Liquidity and Insolvency Risks and the LLR's Conundrum
    • Conclusion
    • Review Questions
    • Appendix 6.1 Dissipation of Withdrawal Risk Through Diversification
    • Appendix 6.2 Lender-of-Last-Resort Moral Hazard
• IV. "On Balance Sheet" Banking Activities
  • 7. Spot Lending and Credit Risk
    • Introduction
    • Description of Bank Assets
    • What is Lending?
    • Loans Versus Securities
    • Structure of Loan Agreements
    • Informational Problems in Loan Contracts and the Importance of Loan Performance
    • Credit Analysis: The Factors
    • Sources of Credit Information
    • Analysis of Financial Statements
    • Loan Covenants
    • Conclusion
    • Case Study: Indiana Building Supplies, Inc.
    • Review Questions
  • 8. Further Issues in Bank Lending
    • Introduction
    • Loan Pricing and Profit Margins: General Remarks
    • Credit Rationing
    • The Spot-Lending Decision
    • Long-Term Bank–Borrower Relationships
    • Loan Restructuring and Default
    • Conclusion
    • Case Study: Zeus Steel, Inc.
    • Review Questions
  • 9. Special Topics in Credit: Syndicated Loans, Loan Sales, and Project Finance
    • Introduction
    • Syndicated Lending
    • Project Finance
    • Conclusion
    • Review Questions
• V. Off the Bank's Balance Sheet
  • 10. Off-Balance Sheet Banking and Contingent Claims Products
    • Introduction
    • Loan Commitments: A Description
    • Rationale for Loan Commitments
    • Who is Able to Borrow Under Bank Loan Commitments?
    • Pricing of Loan Commitments
    • The Differences Between Loan Commitments and Put Options
    • Loan Commitments and Monetary Policy
    • Other Contingent Claims: Letters of Credit
    • Other Contingent Claims: Swaps
    • Other Contingent Claims: Credit Derivatives
    • Risks for Banks in Contingent Claims
    • Regulatory Issues
    • Conclusion
    • Case Study: Youngstown Bank
    • Review Questions
  • 11. Securitization
    • Introduction
    • Preliminary Remarks on the Economic Motivation for Securitization and Loan Sales
    • Different Types of Securitization Contracts
    • Going Beyond Preliminary Remarks on Economic Motivation: the "Why," "What," and "How Much is Enough"
    • Strategic Issues for a Financial Institution Involved in Securitization
    • Comparison of Loan Sales and Loan Securitization
    • Conclusion
    • Case Study: Lone Star Bank
    • Review Questions
• VI. The Funding of the Bank
  • 12. The Deposit Contract, Deposit Insurance, and Shadow Banking
    • Introduction
    • The Deposit Contract
    • Liability Management
    • Deposit Insurance
    • The Great Deposit Insurance Debacle
    • Funding in the Shadow-Banking Sector
    • Conclusion
    • Review Questions
  • 13. Bank Capital Structure
    • Introduction
    • Does the M&M Theorem Apply to Banks? Dispelling Some Fallacies
    • The Theories of Bank Capital Structure
    • Empirical Evidence on Bank Capital, Bank Lending, and Bank Value
    • Why Then Do Banks Display a Preference for High Leverage?
    • Bank Capital and Regulation
    • Conclusion
    • Review Questions
• VII. Financial Crises
  • 14. The 2007–2009 Financial Crisis and Other Financial Crises
    • Introduction
    • What Happened
    • Cause and Effect: The Causes of the Crisis and its Real Effects
    • The Policy Responses to the Crisis
    • Financial Crises in Other Countries and Regulatory Interventions
    • Conclusion
• VIII. Bank Regulation
  • 15. Objectives of Bank Regulation
    • Introduction
    • The Essence of Bank Regulation
    • The Agencies of Bank Regulation
    • Safety and Soundness Regulation
    • Stability: Macroprudential Regulation
    • Market Structure, Consumer Protection, Credit Allocation, and Monetary Control Regulation
    • Conclusion
    • Review Questions
  • 16. Milestones in Banking Legislation and Regulatory Reform
    • Introduction
    • Milestones of Banking Legislation
    • Problems of Bank Regulation
    • The 1991 FDICIA and Beyond
    • The Financial Services Modernization Act of 1999
    • The Dodd–Frank Wall Street Reform and Consumer Protection Act
    • EU Regulatory and Supervisory Overhaul and the De Larosière Report
    • Conclusion
    • Review Questions
    • Appendix
• IX. Financial Innovation
  • 17. The Evolution of Banks and Markets and the Role of Financial Innovation
    • Introduction
    • Financial Development
    • Financial Innovation
    • The Dark Side of Financial Innovation
    • Banks and Financial Markets
    • Bank Versus Market: Complementarities and Shadow Banking
    • Role of Credit-Rating Agencies
    • Conclusion
    • Review Questions
• X. The Future
  • 18. The Future
    • Introduction
    • Change Drivers
    • Initiatives that are Changing the Landscape
    • Are Banks Doomed?
    • Conclusion
• Subject Index
• Back Cover

UM RAFBÆKUR Á HEIMKAUP.IS

Bókahillan þín er þitt svæði og þar eru bækurnar þínar geymdar. Þú kemst í bókahilluna þína hvar og hvenær sem er í tölvu eða snjalltæki. Einfalt og þægilegt!

Rafbók til eignar
Rafbók til eignar þarf að hlaða niður á þau tæki sem þú vilt nota innan eins árs frá því bókin er keypt.

Þú kemst í bækurnar hvar sem er
Þú getur nálgast allar raf(skóla)bækurnar þínar á einu augabragði, hvar og hvenær sem er í bókahillunni þinni. Engin taska, enginn kyndill og ekkert vesen (hvað þá yfirvigt).

Auðvelt að fletta og leita
Þú getur flakkað milli síðna og kafla eins og þér hentar best og farið beint í ákveðna kafla úr efnisyfirlitinu. Í leitinni finnur þú orð, kafla eða síður í einum smelli.

Glósur og yfirstrikanir
Þú getur auðkennt textabrot með mismunandi litum og skrifað glósur að vild í rafbókina. Þú getur jafnvel séð glósur og yfirstrikanir hjá bekkjarsystkinum og kennara ef þeir leyfa það. Allt á einum stað.

Hvað viltu sjá? / Þú ræður hvernig síðan lítur út
Þú lagar síðuna að þínum þörfum. Stækkaðu eða minnkaðu myndir og texta með multi-level zoom til að sjá síðuna eins og þér hentar best í þínu námi.



Fleiri góðir kostir
- Þú getur prentað síður úr bókinni (innan þeirra marka sem útgefandinn setur)
- Möguleiki á tengingu við annað stafrænt og gagnvirkt efni, svo sem myndbönd eða spurningar úr efninu
- Auðvelt að afrita og líma efni/texta fyrir t.d. heimaverkefni eða ritgerðir
- Styður tækni sem hjálpar nemendum með sjón- eða heyrnarskerðingu