{"product_id":"the-economics-of-banking-isbn-9781118639207","title":"The Economics of Banking","description":"\u003cp\u003e\u003ci\u003eEconomics of Banking\u003c\/i\u003e is aimed at final year undergraduate, postgraduate and MBA students taking courses in banking. The text focuses on banking trends and operations in a microeconomic context, incorporating theoretical material with practical aspects of banking.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 : Trends in Domestic and International Banking 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Introduction 1\u003c\/p\u003e \u003cp\u003e1.2 Deregulation 3\u003c\/p\u003e \u003cp\u003e1.3 Financial Innovation 4\u003c\/p\u003e \u003cp\u003e1.4 Globalization 6\u003c\/p\u003e \u003cp\u003e1.5 Profitability 8\u003c\/p\u003e \u003cp\u003e1.6 The Future 16\u003c\/p\u003e \u003cp\u003e1.7 Conclusion 19\u003c\/p\u003e \u003cp\u003e1.8 Summary 19\u003c\/p\u003e \u003cp\u003eQuestions 20\u003c\/p\u003e \u003cp\u003eTest Questions 21\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 : Financial Intermediation: The Impact of the Capital Market 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Introduction 23\u003c\/p\u003e \u003cp\u003e2.2 The Role of the Capital Market 24\u003c\/p\u003e \u003cp\u003e2.3 Determination of the Market Rate of Interest 30\u003c\/p\u003e \u003cp\u003e2.4 Summary 34\u003c\/p\u003e \u003cp\u003eQuestions 35\u003c\/p\u003e \u003cp\u003eTest Questions 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 : Banks and Financial Intermediation 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction 37\u003c\/p\u003e \u003cp\u003e3.2 Different Requirements of Borrowers and Lenders 38\u003c\/p\u003e \u003cp\u003e3.3 Transaction Costs 40\u003c\/p\u003e \u003cp\u003e3.4 Liquidity Insurance 43\u003c\/p\u003e \u003cp\u003e3.5 Asymmetry of Information 46\u003c\/p\u003e \u003cp\u003e3.6 Operation of the Payments Mechanism 51\u003c\/p\u003e \u003cp\u003e3.7 Direct Borrowing from the Capital Market 51\u003c\/p\u003e \u003cp\u003e3.8 Conclusion 52\u003c\/p\u003e \u003cp\u003e3.9 Summary 53\u003c\/p\u003e \u003cp\u003eQuestions 53\u003c\/p\u003e \u003cp\u003eTest Questions 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 : Banking Typology 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Introduction 55\u003c\/p\u003e \u003cp\u003e4.2 General Features of Banking 56\u003c\/p\u003e \u003cp\u003e4.3 Retail Banking 59\u003c\/p\u003e \u003cp\u003e4.4 Wholesale Banking 61\u003c\/p\u003e \u003cp\u003e4.5 Universal Banking 63\u003c\/p\u003e \u003cp\u003e4.6 Islamic Banking 64\u003c\/p\u003e \u003cp\u003e4.7 Microfinance 66\u003c\/p\u003e \u003cp\u003e4.8 Shadow Banking 68\u003c\/p\u003e \u003cp\u003e4.9 Summary 70\u003c\/p\u003e \u003cp\u003eQuestions 70\u003c\/p\u003e \u003cp\u003eTest Questions 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 : International Banking 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction 71\u003c\/p\u003e \u003cp\u003e5.2 The Nature of International Banking 72\u003c\/p\u003e \u003cp\u003e5.3 Growth of International Banking 75\u003c\/p\u003e \u003cp\u003e5.4 The Eurocurrency Markets 77\u003c\/p\u003e \u003cp\u003e5.5 Summary 84\u003c\/p\u003e \u003cp\u003eQuestions 84\u003c\/p\u003e \u003cp\u003eTest Questions 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 : The Theory of the Banking Firm 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 87\u003c\/p\u003e \u003cp\u003e6.2 The Textbook Model 88\u003c\/p\u003e \u003cp\u003e6.3 The Perfectly Competitive Bank 90\u003c\/p\u003e \u003cp\u003e6.4 The Monopoly Bank 92\u003c\/p\u003e \u003cp\u003e6.5 The Imperfect Competition Model 97\u003c\/p\u003e \u003cp\u003e6.6 Summary 100\u003c\/p\u003e \u003cp\u003eQuestions 100\u003c\/p\u003e \u003cp\u003eTest Questions 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 : Models of Banking Behaviour 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 103\u003c\/p\u003e \u003cp\u003e7.2 The Economics of Asset and Liability Management 104\u003c\/p\u003e \u003cp\u003e7.3 Liquidity Management 104\u003c\/p\u003e \u003cp\u003e7.4 Loan Pricing 109\u003c\/p\u003e \u003cp\u003e7.5 Asset Management 112\u003c\/p\u003e \u003cp\u003e7.6 The Real Resource Model of Asset and Liability Management 118\u003c\/p\u003e \u003cp\u003e7.7 Liability Management and Interest Rate Determination 120\u003c\/p\u003e \u003cp\u003e7.8 Summary 123\u003c\/p\u003e \u003cp\u003eQuestions 124\u003c\/p\u003e \u003cp\u003eTest Questions 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 : Credit Rationing 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 125\u003c\/p\u003e \u003cp\u003e8.2 The Availability Doctrine 126\u003c\/p\u003e \u003cp\u003e8.3 Theories of Credit Rationing 127\u003c\/p\u003e \u003cp\u003e8.4 Asymmetric Information and Adverse Selection 129\u003c\/p\u003e \u003cp\u003e8.5 Adverse Incentive 130\u003c\/p\u003e \u003cp\u003e8.6 Screening versus Rationing 133\u003c\/p\u003e \u003cp\u003e8.7 Empirical Evidence 135\u003c\/p\u003e \u003cp\u003e8.8 The Existence of Credit Rationing 136\u003c\/p\u003e \u003cp\u003e8.9 Summary 139\u003c\/p\u003e \u003cp\u003eQuestions 140\u003c\/p\u003e \u003cp\u003eTest Questions 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 : Securitization 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction 141\u003c\/p\u003e \u003cp\u003e9.2 Sales of Securities through Financial Markets 144\u003c\/p\u003e \u003cp\u003e9.3 Asset-Backed Securitization (ABS) 146\u003c\/p\u003e \u003cp\u003e9.4 The Process of Asset-Backed Securitization 147\u003c\/p\u003e \u003cp\u003e9.5 The Gains from Asset-Backed Securitization 148\u003c\/p\u003e \u003cp\u003e9.6 Conclusions 155\u003c\/p\u003e \u003cp\u003e9.7 Summary 155\u003c\/p\u003e \u003cp\u003eQuestions 155\u003c\/p\u003e \u003cp\u003eTest Questions 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 : Banking Efficiency and the Structure of Banking 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Introduction 157\u003c\/p\u003e \u003cp\u003e10.2 Measurement of Output 157\u003c\/p\u003e \u003cp\u003e10.3 Performance Measures 159\u003c\/p\u003e \u003cp\u003e10.4 Reasons for the Growth of Mergers and Acquisitions 169\u003c\/p\u003e \u003cp\u003e10.5 Motives for Mergers 172\u003c\/p\u003e \u003cp\u003e10.6 Empirical Evidence 173\u003c\/p\u003e \u003cp\u003e10.7 Summary 179\u003c\/p\u003e \u003cp\u003eQuestions 180\u003c\/p\u003e \u003cp\u003eTest Questions 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 : Banking Competition 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Introduction 181\u003c\/p\u003e \u003cp\u003e11.2 Concentration in Banking Markets 182\u003c\/p\u003e \u003cp\u003e11.3 Structure–Conduct–Performance 184\u003c\/p\u003e \u003cp\u003e11.4 Competition Analysis 186\u003c\/p\u003e \u003cp\u003e11.5 Competition in the UK Banking Market 192\u003c\/p\u003e \u003cp\u003e11.6 Summary 198\u003c\/p\u003e \u003cp\u003eQuestions 198\u003c\/p\u003e \u003cp\u003eTest Questions 199\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 : Bank Regulation 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Introduction 201\u003c\/p\u003e \u003cp\u003e12.2 The Case for Regulation 202\u003c\/p\u003e \u003cp\u003e12.3 The Case against Regulation 209\u003c\/p\u003e \u003cp\u003e12.4 Regulation 215\u003c\/p\u003e \u003cp\u003e12.5 Summary 228\u003c\/p\u003e \u003cp\u003eQuestions 228\u003c\/p\u003e \u003cp\u003eTest Questions 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 : Banks and Money Laundering 229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Introduction 229\u003c\/p\u003e \u003cp\u003e13.2 Scale, Scope and Typology 230\u003c\/p\u003e \u003cp\u003e13.3 Microeconomics of Money Laundering 235\u003c\/p\u003e \u003cp\u003e13.4 Macroeconomics of Money Laundering 241\u003c\/p\u003e \u003cp\u003e13.5 Combating Money Laundering 242\u003c\/p\u003e \u003cp\u003e13.6 Summary 244\u003c\/p\u003e \u003cp\u003eQuestions 245\u003c\/p\u003e \u003cp\u003eTest Questions 245\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 : Risk Management 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Introduction 247\u003c\/p\u003e \u003cp\u003e14.2 Risk Typology 248\u003c\/p\u003e \u003cp\u003e14.3 Interest Rate Risk Management 250\u003c\/p\u003e \u003cp\u003e14.4 Market Risk 260\u003c\/p\u003e \u003cp\u003e14.5 Credit Risk 270\u003c\/p\u003e \u003cp\u003e14.6 Operational Risk 279\u003c\/p\u003e \u003cp\u003e14.7 Risk Management and the Global Banking Crisis 279\u003c\/p\u003e \u003cp\u003e14.8 Conclusion 283\u003c\/p\u003e \u003cp\u003e14.9 Summary 284\u003c\/p\u003e \u003cp\u003eQuestions 284\u003c\/p\u003e \u003cp\u003eTest Questions 285\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 : The Macroeconomics of Banking 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Introduction 287\u003c\/p\u003e \u003cp\u003e15.2 The Economics of Central Banking 288\u003c\/p\u003e \u003cp\u003e15.3 Financial Innovation and Monetary Policy 297\u003c\/p\u003e \u003cp\u003e15.4 Bank Credit and the Transmission Mechanism 302\u003c\/p\u003e \u003cp\u003e15.5 Summary 309\u003c\/p\u003e \u003cp\u003eQuestions 309\u003c\/p\u003e \u003cp\u003eTest Questions 310\u003c\/p\u003e \u003cp\u003eReferences 311\u003c\/p\u003e \u003cp\u003eIndex 323\u003c\/p\u003e \u003cp\u003e\u003cb\u003eKent Matthews \u003c\/b\u003eis Associate Dean for Engagement \u0026amp; International Relations and the Sir Julian Hodge Professor of Banking and Finance at Cardiff Business School. He has held previous posts at the National Institute of Economic and Social Research, and the Bank of England, and has been a research visitor to the Hong Kong Monetary Authority.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJohn Thompson\u003c\/b\u003e is Emeritus Professor of Finance at Liverpool John Moores University.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Economics of Banking\u003c\/i\u003e describes and explains the behaviour of banks by examining trends and operations in banking within a mathematically accessible microeconomic framework. This new third edition has been fully revised and updated to reflect the major changes that have taken place in the banking sector and presents many additional topics including new coverage of Islamic banking.\u003cbr\u003e\u003cbr\u003eThis accessible and user-friendly textbook is essential reading for final-year undergraduate and postgraduate students taking courses in banking.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eNew to this edition:\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFully updated including new material on the financial crisis and the many implications for banking\u003c\/li\u003e \u003cli\u003eNew coverage of Islamic banking\u003c\/li\u003e \u003cli\u003eDiscussion of microfinance\/credit unions is included in Chapter 4\u003c\/li\u003e \u003cli\u003eNew coverage of the Shadow Banking System\u003c\/li\u003e \u003cli\u003eImpact of Basel 3 and the Vickers Report is discussed, particularly with regard to the idea of ring fencing\u003c\/li\u003e \u003cli\u003eMoney laundering\u003c\/li\u003e \u003c\/ul\u003e Updated statistics and financial data","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990211707109,"sku":"NP9781118639207","price":57.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118639207.jpg?v=1761786924","url":"https:\/\/k12savings.com\/products\/the-economics-of-banking-isbn-9781118639207","provider":"K12savings","version":"1.0","type":"link"}