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Handbook of Financial Intermediation and Banking

Book Description

The growth of financial intermediation research has yielded a host of questions that have pushed "design" issues to the fore even as the boundary between financial intermediation and corporate finance has blurred. This volume presents review articles on six major topics that are connected by information-theoretic tools and characterized by valuable perspectives and important questions for future research. Touching upon a wide range of issues pertaining to the designs of securities, institutions, trading mechanisms and markets, industry structure, and regulation, this volume will encourage bold new efforts to shape financial intermediaries in the future.

* Original review articles offer valuable perspectives on research issues appearing in top journals
* Twenty articles are grouped by six major topics, together defining the leading research edge of financial intermediation
* Corporate finance researchers will find affinities in the tools, methods, and conclusions featured in these articles

Table of Contents

  1. Cover image
  2. Title page
  3. Table of Contents
  4. Copyright
  5. List of Contributors
  6. Preface
  7. Introduction to the Series
  8. Section 1: Design of Contracts and Securities
    1. Introduction to Design of Contracts and Securities
    2. Chapter 1: The Design of Debt Contracts
    3. Chapter 2: Subordination Levels in Structured Financing
  9. Section 2: Market Structure and Structure of Financial Markets
    1. Chapter 3: Limit Order Markets: A Survey
  10. Section 3: Financial Intermediary Structure
    1. Introduction to Financial Intermediary Structure
    2. Chapter 4: Bank Structure and Lending: What We Do and Do Not Know
    3. Chapter 5: Optimal Industrial Structure in Banking
    4. Chapter 6: Commercial Banks in Investment Banking
  11. Section 4: Mutual Funds
    1. Introduction to Mutual Funds
    2. Chapter 7: Performance Measurement and Evaluation
    3. Chapter 8: The Behavior of Mutual Fund Investors
    4. Chapter 9: Incentives in Funds Management: A Literature Overview
  12. Section 5: Regulation
    1. Introduction to Regulation
    2. Chapter 10: Consolidation in the U.S. Banking Industry: Is the “Long, Strange Trip” About to End?
    3. Chapter 11: Safety, Soundness, and the Evolution of the U.S. Banking Industry
    4. Chapter 12: What Caused the Bank Capital Buildup of the 1990s?
    5. Chapter 13: Basel II: A Case for Recalibration
  13. Section 6: Competition and Regulation in Banking
    1. Introduction to Competition and Regulation in Banking
    2. Chapter 14: Competition and Regulation in Banking
    3. Chapter 15: Competition and Regulation in the Banking Sector: A Review of the Empirical Evidence on the Sources of Bank Rents
  14. Index