{"product_id":"microeconomics-of-banking-third-edition-isbn-9780262048194","title":"Microeconomics of Banking, third edition","description":"\u003cb\u003eThe third edition of a leading text on the microeconomic foundations of banking, comprehensively updated with new coverage of the 2008 Global Financial Crisis, fintech, and the latest research in banking theory.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThe banking industry has undergone seismic change in the twenty-first century, from the overhaul of regulation in the wake of the 2008 Global Financial Crisis to the digitalization of the economy and the disruption of traditional business models by ascendant tech giants. Now in a comprehensively updated third edition, this essential graduate-level text on the microeconomic foundations of banking provides the rigorous theoretical approach required to understand these new structures and norms, functioning as a user’s guide to recent academic literature. \u003ci\u003eMicroeconomics of Banking\u003c\/i\u003e offers a comprehensive view of the evolution of banking theory and the rapidly changing realm of financial intermediation, examining the central issues and offering the necessary tools for understanding how they have been modeled. \u003cbr\u003e\u003cbr\u003e\u003cu\u003eNew edition highlights\u003c\/u\u003e:\u003cbr\u003e\u003cul\u003e\n\u003cli\u003eUp-to-date coverage of the latest research in banking theory as well as the events of the global financial crisis and resultant Basel III regulatory framework\u003c\/li\u003e\n\u003cli\u003eNew chapters on liquidity and systemic risk\u003c\/li\u003e\n\u003cli\u003eNew material throughout on cryptocurrencies, fintech, and other facets of a digitalized economy\u003c\/li\u003e\n\u003c\/ul\u003ePreface to the Third Edition xiii\u003cbr\u003e1 Introduction 1\u003cbr\u003e2 Banks and Informational Frictions 17\u003cbr\u003e3 The Industrial Organization Approach to Banking 37\u003cbr\u003e4 The Lender-Borrower Relationship 69\u003cbr\u003e5 The Macroeconomic Consequences of Financial Imperfections 93\u003cbr\u003e6 Bank Runs, Bank Panics, and the Lender of Last Resort 129\u003cbr\u003e7 Liquidity 149\u003cbr\u003e8 Banking Regulation: The Microprudential Approach 169\u003cbr\u003e9 Systemic Risk and Macroprudential Regulation 191\u003cbr\u003eNotes 207\u003cbr\u003eReferences 208\u003cbr\u003eIndex 211\u003cb\u003eXavier Freixas\u003c\/b\u003e is Emeritus Professor at Universitat Pompeu Fabra in Barcelona and Research Fellow at CEPR. He is past president of the European Finance Association and has previously been Chairman of the Risk Based Regulation Program of the Global Association of Risk Professionals (GARP), Deutsche Bank Professor of European Financial Integration at Oxford University, Houblon- Norman Senior Fellow of the Bank of England, and a professor at Montpellier and Toulouse Universities.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eJean-Charles Rochet\u003c\/b\u003e is Professor of Economics at the Toulouse School of Economics. He was previously Professor of Banking at Geneva University and Head of Research at the Swiss Finance Institute, Fischer Black Visiting Professor at MIT, and BP Professor at the London School of Economics. He served as President of the Econometric Society in 2012.","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":46303980028133,"sku":"NP9780262048194","price":80.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262048194.jpg?v=1767732639","url":"https:\/\/k12savings.com\/es\/products\/microeconomics-of-banking-third-edition-isbn-9780262048194","provider":"K12savings","version":"1.0","type":"link"}