Error title
Some error text about your books and stuff.
  • ISBN: 9780262061933
  • ISBN10: 0262061937

Microeconomics of Banking

by Xavier Freixas

  • List Price: $62.00
  • Binding: Hardcover
  • Publisher: Mit Pr
  • Publish date: 11/01/1997
used Add to Cart $5.97
You save: 90%
Marketplace Item
new Add to Cart $79.91
Marketplace Item
Description: Twenty years ago, most banking courses focused on either management or monetary aspects of banking, with no connecting link. Since then, a microeconomic theory of banking has developed, mainly through a switch of emphasis from the modeling of risk to the modeling of imperfect information. This asymmetric information model is based on the assumption that different economic agents possess different pieces of information on relevant economic variables, and that they will use the information for their own profit, The model has been extremely useful in explaining the role of banks in the economy. It has also been useful in pointing out structural weaknesses of the banking sector that may justify government intervention -- for example, exposure to runs and panics, the persistence of rationing in the credit market, and solvency problems.

Microeconomics of Banking provides a guide to the new theory. Topics include why financial intermediaries exist, the industrial organization approach to banking, optimal contracting between lenders and borrowers, the equilibrium of the credit market, macroeconomic consequences of financial imperfections, individual bank runs and systemic risk, risk management inside the banking firm, and batik regulation. Each chapter ends with a derailed problem set and solutions.

Expand description
Seller Condition Comments Price  
Better World Books West
Location: Mishawaka, IN
Very Good
Ships from Reno, NV. Great condition for a used book! Minimal wear. Shipped to over one million happy customers. Your purchase benefits world literacy!
Hawking Books
Location: Upland, CA
Very Good
0262061937 Very Good Condition. Tight and Neat. Five star seller-Buy with confidence!
Location: Dallas, TX
Shipping Icon
Connecting readers with great books since 1972. Used books may not include
Location: Richmond, TX Ask seller a question
Buy with confidence. Excellent Customer Service & Return policy.
Location: Tequesta, FL
0262061937 ALL ORDERS SHIP WITHIN 24 HOURS. Tracking is always included. ALL
Location: Franklin, TN Ask seller a question
Firecreek Books
Location: Germantown, TN
One Stop Shop Bookstore
Location: Memphis, TN
Shipping Icon
Broad Street Books
Location: Branchville, NJ
Like New
Shipping Icon
0262061937 Glossy pictorial boards, Book is in excellent condition, text is unmarked and pages are tight.
MIT Press Bookstore
Location: Cambridge, MA
Shipping Icon
Sewn binding. Cloth over boards. 334 p. Audience: General/trade.
Location: Richmond, TX Ask seller a question
Buy with confidence. Excellent Customer Service & Return policy.
please wait
Please Wait

Notify Me When Available

Enter your email address below,
and we'll contact you when your school adds course materials for
Enter your email address below, and we'll contact you when is back in stock (ISBN: ).