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Contemporary Financial Intermediation,
Edition 5Editors: By Stuart I. Greenbaum, Anjan V. Thakor and Arnoud W. A. Boot
Publication Date:
01 Mar 2026
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Contemporary Financial Intermediation, Fifth Edition offers a distinctive approach to the study of financial markets and institutions by presenting an integrated portrait that puts information and economic reasoning at the core. The book explores the implications of the information technology revolution that characterizes the financial services industry with digitization and fintech as important manifestations. Sections explore the subtlety, plasticity, and fragility of financial institutions and credit markets, and the ramifications for risk management (including cyber risk). This textbook demands more in terms of quantitative skills and analysis, but its ability to teach about the forces shaping the financial world is unmatched.
For the financial sector, the best preprofessional training explains the reasons why markets, institutions, and regulators evolve the way they do, why we suffer recurring financial crises, how we typically react to them, and how digitization and fintech will affect financial services and the industry at large. This book provides students with a complete foundation on the subject, presenting a strong basis for learning and understanding key challenges surrounding the management and operations of financial institutions and their competitive environment.
Key Features
- Offers a full grounding in the study of financial markets and institutions
- Adopts an applied, integrated approach and is fully updated for recent developments in the field
- Teaches tactics on how to recognize and forecast fluctuations in financial markets
- Includes an online instructor’s manual, lecture slides, and test bank to reinforce understanding
About the author
By Stuart I. Greenbaum, Bank of America Professor of Managerial Leadership and former Dean, John M. Olin School of Business, Washington University, St. Louis, MO, USA; Anjan V. Thakor, John E. Simon Professor of Finance and Director of the PhD Program, Olin School of Business, Washington University, St. Louis, MO, USA and Arnoud W. A. Boot, Professor of Corporate Finance and Financial Markets, University of Amsterdam, The Netherlands
Part I. The Background
1. Basic Concepts
Part II. What is Financial Intermediation?
2. The Nature and Variety of Financial Intermediation
3. The What, How, and Why of Financial Intermediaries
Part III. Identification and Management of Major Banking Risks
4. Bank Risks
5. Interest Rate Risk
6. Liquidity Risk
Part IV. “On Balance Sheet” Banking Activities
7. Spot Lending and Credit Risk
8. Further Issues in Bank Lending
9. Special Topics in Credit: Syndicated Loans, Loan Sales, and Project Finance
Part V. Off the Bank’s Balance Sheet
10. Off-Balance Sheet Banking and Contingent Claims Products
11. Securitization
Part VI. The Funding of the Bank
12. The Deposit Contract, Deposit Insurance, and Shadow Banking
13. Bank Capital Structure
Part VII. Financial Crises
14. The 2007–2009 Financial Crisis and Other Financial Crises
Part VIII. Bank Regulation
15. Objectives of Bank Regulation
16. Milestones in Banking Legislation and Regulatory Reform
Part IX. Financial Innovation
17. The Evolution and Blurring of Banks and Markets and the Role of Product and Service Differentiation
Part X. The Future
18. The Future
1. Basic Concepts
Part II. What is Financial Intermediation?
2. The Nature and Variety of Financial Intermediation
3. The What, How, and Why of Financial Intermediaries
Part III. Identification and Management of Major Banking Risks
4. Bank Risks
5. Interest Rate Risk
6. Liquidity Risk
Part IV. “On Balance Sheet” Banking Activities
7. Spot Lending and Credit Risk
8. Further Issues in Bank Lending
9. Special Topics in Credit: Syndicated Loans, Loan Sales, and Project Finance
Part V. Off the Bank’s Balance Sheet
10. Off-Balance Sheet Banking and Contingent Claims Products
11. Securitization
Part VI. The Funding of the Bank
12. The Deposit Contract, Deposit Insurance, and Shadow Banking
13. Bank Capital Structure
Part VII. Financial Crises
14. The 2007–2009 Financial Crisis and Other Financial Crises
Part VIII. Bank Regulation
15. Objectives of Bank Regulation
16. Milestones in Banking Legislation and Regulatory Reform
Part IX. Financial Innovation
17. The Evolution and Blurring of Banks and Markets and the Role of Product and Service Differentiation
Part X. The Future
18. The Future
ISBN:
9780443274718
Page Count:
600
Retail Price
:
Access to teacher/student resources is available to registered users with approved inspection copies or confirmed adoptions. To review this material, please request an inspection copy.
- Instructor Solution Manual
- Chapter 01 summary - ISM.docx
- Chapter 02 summary - ISM.docx
- Chapter 03 summary - ISM.docx
- Chapter 04 summary - ISM.docx
- Chapter 05 summary - ISM.docx
- Chapter 06 summary - ISM.docx
- Chapter 07 summary - ISM.docx
- Chapter 08 summary - ISM.docx
- Chapter 09 summary - ISM.docx
- Chapter 10 summary - ISM.docx
- Chapter 11 summary - ISM.docx
- Chapter 12 summary - ISM.docx
- Chapter 13 summary - ISM.docx
- Chapter 14 summary - ISM.docx
- Chapter 15 summary - ISM.docx
- Chapter 16 summary - ISM.docx
- Chapter 17 summary - ISM.docx
- Chapter 18 summary - ISM.docx
Upper-division undergraduates and graduate students worldwide in courses such as Financial Markets and Institutions, Banking, and Commercial Bank Management