Capital Markets and Financial Intermediation
Published on 29. September 1995
Book
Paperback/Softback
380 pages
978-0-521-55853-2 (ISBN)
Description
Financial intermediation is currently a subject of active research on both sides of the Atlantic. The integration of European financial markets, in particular, highlights several important issues. In this volume, derived from a joint CEPR conference with the Fundacion Banco Bilbao Vizcaya (BBV), leading academics from Europe and North America review 'state-of-the-art' theories of banking and financial intermediation and discuss their policy implications. The principal focus is on the risks of increased competition, the appropriate regulation of banks, and the differences between Anglo-American and Continental European forms of financial markets. Relationship banking, stock markets and banks, banking and corporate control, financial intermediation in Eastern Europe, monetary policy and the banking system, and financial intermediation and growth are also discussed.
More details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Product notice
Paperback (trade)
Illustrations
27 Line drawings, unspecified
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 22 mm
Weight
616 gr
ISBN-13
978-0-521-55853-2 (9780521558532)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Content
1. Introduction Colin Mayer and Xavier Vives; 2. Efficient governance structure: implications for banking Mathias Dewatripont and Jean Tirole; 3. Bank loan maturity and priority when borrowers can refinance Douglas Diamond; 4. Stock markets and resource allocation Franklin Allen; 5. Informational capacity and financial collapse Douglas Gale; 6. Financial intermediation and economic development Robert G. King and Ross Levine; 7. Creditor passivity and bankruptcy: implications for economic reform Janet Mitchell; 8. Enterprise debt and economic transformation: restructuring in Central and Eastern Europe David Begg and Richard Portes; 9. Bank regulation reputation and rents: theory and political implications Arnoud W. Boot and Stuart Greenbaum; 10. Relationship banking, deposit insurance and bank portfolio choice David Besanko and Anjan V. Thakor; 11. Competition and bank performance: a theoretical perspective Michael Riordan.