The Economics of Banking, 2nd Edition

by Kent Matthews (Cardiff Business School, UK); John Thompson (Liverpool Business School, UK)

• ISBN13: 9780470519646
• ISBN10: 0470519649
• Edition: 2nd
• Format: Paperback
• Copyright: 2008-06-01
• Publisher: WILEY

Summary

This revised and updated edition of The Economics of Banking addresses the need for a user-friendly textbook that is mathematically accessible and provides a microeconomic context, which enables students to understand and analyse contemporary trends and operations in banking. Providing a sound theoretical basis for understanding bank behaviour, The Economics of Banking is essential for final year undergraduate and postgraduate students taking courses in banking. FEATURES OF THE NEW EDITION * Greater emphasis is provided on risk management with an extended chapter dealing with trading risk and recent developments in bank book risk management. * A new chapter has been added on assessing bank competition and the competitive nature of the banking market. * New material has been added on bank performance including: benchmarking, efficiency analysis and modelling of bank cost functions. * Coverage of bank and financial regulation has been significantly updated with more extensive discussion of Basel 2 and operational risk. * More rigour has been added to the chapter on international banking and more discussion about the future of retail banking is included in the introductory chapter. * New material has been added in selected chapters examining the global credit crunch of 2007/8 and the Northern Rock bank crisis in the UK.

Author Biography

Kent Matthews is the Sir Julian Hodge Professor of Banking and Finance at Cardiff Business School, and has held posts at the National Institute of Economic and Social research and the Bank of England.

John Thompson is Emeritus Professor of Finance at Liverpool Business School.

Table of Contents

Preface	p. vii
Trends in Domestic and International Banking	p. 1
Financial Intermediation: The Impact of the Capital Market	p. 21
Banks and Financial Intermediation	p. 35
Banking Typology	p. 51
International Banking	p. 61
The Theory of the Banking Firm	p. 77
Models of Banking Behaviour	p. 93
Credit Rationing	p. 115
Securitization	p. 131
Banking Efficiency and the Structure of Banking	p. 147
Banking Competition	p. 171
Bank Regulation	p. 187
Risk Management	p. 209
The Macroeconomics of Banking	p. 243
References	p. 265
Index	p. 273
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