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Capital Markets and Financial Intermediation
 
 
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Capital Markets and Financial Intermediation (Hardcover)

~ Colin Mayer (Editor), Xavier Vives (Editor) "Under the influence of the Anglo-American systems, corporate finance over the past three decades has been dominated by consideration of the operation of securities markets..." (more)
Key Phrases: creditor passivity, borrower welfare, incumbent bank, Journal of Finance, World Bank, American Economic Review (more...)
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Editorial Reviews

Product Description

Financial intermediation is currently a subject of active academic research on both sides of the Atlantic. European financial integration raises major policy issues about the risks of banking competition and the appropriate regulation of banks and other financial intermediaries. The choice of Anglo-American vis-à-vis Continental European forms of financial markets is also central to Eastern Europe's transformation. This volume contains theoretical papers at the forefront of academic research that shed light on banking and security markets and banking competition.


Book Description

European financial integration raises major policy issues about the risks of banking competition and the appropriate regulation of banks and other financial intermediaries. These current theoretical papers shed light on banking and security markets and competition.

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Inside This Book (learn more)
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First Sentence:
Under the influence of the Anglo-American systems, corporate finance over the past three decades has been dominated by consideration of the operation of securities markets. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
creditor passivity, borrower welfare, incumbent bank, bank domestic credit, asset portfolio choice, bank market structure, excessive liquidation, competitive loan market, positive lending, liquidation policy, weak best response, maximum order statistic, single banking licence, interfirm credit, initial lender, reputational benefits, priced deposit insurance, secondary school enrolment rate, interbank competition, credit market failures, default law, liquidation decisions, recapitalizing banks, cannot renegotiate, standard debt contracts
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Journal of Finance, World Bank, American Economic Review, New York, Journal of Political Economy, Economic Policy, Review of Economic Studies, Journal of Economic Theory, Journal of Financial Economics, Quarterly Journal of Economics, East European, Federal Reserve, Franklin Allen, Journal of Economic Perspectives, Colin Mayer, Industrial Revolution, Northwestern University, Oxford University Press, Bell Journal of Economics, Brookings Papers, Cambridge University Press, European Economic Review, University of Chicago Press, World War, Brookings Institution
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