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Financial Intermediaries : International Library of Critical Writings in Economics - M.K. Lewis

Financial Intermediaries

International Library of Critical Writings in Economics

By: M.K. Lewis (Editor)

Hardcover Published: January 1995
ISBN: 9781852787912
Number Of Pages: 688

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This volume brings together some of the most important articles on the topic of financial intermediaries. It puts recent developments into an appropriate historical setting, combining 34 articles from 1888 to 1992.

Acknowledgements
An Overview
The Mathematical Theory of Bankingp. 3
Stochastic Reserve Losses and Expansion of Bank Creditp. 18
Financial Intermediaries and the Saving-Investment Processp. 28
Commercial Banks as Creators of "Money"p. 48
Insurance, Risk and Resource Allocationp. 60
A Transactions Cost Approach to the Theory of Financial Intermediationp. 70
Alternative Approaches to the Theory of the Banking Firmp. 87
The Specialist: Operator of the Automatic Mechanismp. 127
The Cost of Transactingp. 153
Bid, Ask and Transaction Prices in a Specialist Market with Heterogeneously Informed Tradersp. 174
Why There are Organized Futures Marketsp. 204
Investment Banking: An Economic Analysis of Optimal Underwriting Contractsp. 226
Imperfections in the Capital Marketp. 241
Informational Asymmetries, Financial Structure, and Financial Intermediationp. 247
Financial Intermediation and Delegated Monitoringp. 264
Recent Developments in Modeling Financial Intermediationp. 286
Banks as Social Accountants and Screening Devices for the Allocation of Creditp. 297
Bank Runs, Deposit Insurance, and Liquidityp. 333
Models of Banking Instability: A Partial Review of the Literaturep. 352
Banking Theory, Deposit Insurance, and Bank Regulationp. 378
Deposit Insurance: Theory and Practicep. 392
An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees: An Application of Modern Option Pricing Theoryp. 415
Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capitalp. 424
The Reform of Federal Deposit Insurancep. 434
What's Different about Banks?p. 455
Some Evidence on the Uniqueness of Bank Loansp. 466
The Emergence and Regulation of Contingent Commitment Bankingp. 485
Intermediation and the Market for Interest Rate Swapsp. 504
Are Banks Special?p. 529
Are Larger Banks More Efficient?p. 545
Why do Estimates of Bank Scale Economies Differ?p. 549
Is Banking a Natural Monopoly?p. 562
Bank Funds Management in an Efficient Marketp. 575
Banking in the Theory of Financep. 592
Financial Structure and Aggregate Economic Activityp. 611
Name Indexp. 641
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781852787912
ISBN-10: 1852787910
Series: International Library of Critical Writings in Economics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 688
Published: January 1995
Publisher: Edward Elgar Publishing Ltd
Country of Publication: GB
Dimensions (cm): 25.4 x 17.78  x 5.08
Weight (kg): 1.27

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