| Acknowledgements | |
| An Overview | |
| The Mathematical Theory of Banking | p. 3 |
| Stochastic Reserve Losses and Expansion of Bank Credit | p. 18 |
| Financial Intermediaries and the Saving-Investment Process | p. 28 |
| Commercial Banks as Creators of "Money" | p. 48 |
| Insurance, Risk and Resource Allocation | p. 60 |
| A Transactions Cost Approach to the Theory of Financial Intermediation | p. 70 |
| Alternative Approaches to the Theory of the Banking Firm | p. 87 |
| The Specialist: Operator of the Automatic Mechanism | p. 127 |
| The Cost of Transacting | p. 153 |
| Bid, Ask and Transaction Prices in a Specialist Market with Heterogeneously Informed Traders | p. 174 |
| Why There are Organized Futures Markets | p. 204 |
| Investment Banking: An Economic Analysis of Optimal Underwriting Contracts | p. 226 |
| Imperfections in the Capital Market | p. 241 |
| Informational Asymmetries, Financial Structure, and Financial Intermediation | p. 247 |
| Financial Intermediation and Delegated Monitoring | p. 264 |
| Recent Developments in Modeling Financial Intermediation | p. 286 |
| Banks as Social Accountants and Screening Devices for the Allocation of Credit | p. 297 |
| Bank Runs, Deposit Insurance, and Liquidity | p. 333 |
| Models of Banking Instability: A Partial Review of the Literature | p. 352 |
| Banking Theory, Deposit Insurance, and Bank Regulation | p. 378 |
| Deposit Insurance: Theory and Practice | p. 392 |
| An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees: An Application of Modern Option Pricing Theory | p. 415 |
| Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital | p. 424 |
| The Reform of Federal Deposit Insurance | p. 434 |
| What's Different about Banks? | p. 455 |
| Some Evidence on the Uniqueness of Bank Loans | p. 466 |
| The Emergence and Regulation of Contingent Commitment Banking | p. 485 |
| Intermediation and the Market for Interest Rate Swaps | p. 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 Market | p. 575 |
| Banking in the Theory of Finance | p. 592 |
| Financial Structure and Aggregate Economic Activity | p. 611 |
| Name Index | p. 641 |
| Table of Contents provided by Blackwell. All Rights Reserved. |