Credit, Intermediation, and the Macroeconomy: Readings and Perspectives in Modern Financial Theory
Editor
- Bhattacharya, Sudipto(Arizona State University and London School of Economics and Political Science, UK)Boot, Arnoud(Universiteit van Amsterdam, The Netherlands)Thakor, Anjan(University of Michigan Business School, USA)
Abstract
Developments in theories of financial markets and institutions, using the tools of the economics of uncertainty and of contracts, as well as results in game theory, have, over the last two decades, constituted an exciting and burgeoning field of research. This collection of readings draws together highlights of the 'second generation' literature in this area, emphasizing the theoretical, institutional, and policy-oriented regulatory implications of some of the key modelling techniques in the field. The collection divides into seven sections covering the monitoring role of banks and other intermediaries; liquidity demand and the role of banks and the government; bank runs and financial crises; bank regulation; inter-bank competition and bank--firm relationships; comparative financial systems; and imperfect credit markets and the macroeconomy. Each section comprises four articles previously published in top-ranking economics and finance journals, plus a discussion by a prominent scholar, who provides a synthesis and critique of the literature, and suggests promising directions for future research and application of results. Contributors to this volume - John Boyd (University of Minnesota) Edward C. Prescott (Federal Reserve Bank, Minneapolis) Charles W. Calomiris (Northwestern University) Charles M. Kahn (University of Illinois) Rafael Repullo (CEMFI) Javier Suarez (CEPR) Martin Hellwig (University of Mannheim) Douglas W. Diamond (University of Chicago) Bengt Holmstrom (MIT) Jean Tirole (MIT) Sudipto Bhattacharya (LSE) Paolo Fulghieri (INSEAD) Riccardo Rovelli (University of Bologna) V. V. Chari (Federal Reserve Bank of Minneapolis) Ravi Jagannathan (Northwestern University/University of Minnesota) Stephen Morris (University of Pennsylvania) Hyun Song Shin (Oxford University) Xavier Freixas (Universitat Pompeu Fabra) Bruno Parigi (University of Venice) Jean-Charles Rochet (Universite des Sciences Sociales, Toulouse) Randall S. Kroszner (University of Chicago) Raghuram Rajan (University of Chicago) Philippe Aghion (University College London) Patrick Bolton (Princeton University) Steven Fries (European Bank for Reconstruction and Development, London) Anthony Santomero Arnoud Boot (University of Amsterdam) Stuart I. Greenbaum (Northwestern University) Anjan V. Thakor (University of Michigan) Raghuram G. Rajan (University of Chicago) Ernst-Ludwig von Thadden (Universite de Lausanne) Andrew Winton (Northwestern University) Gabriella Chiesa (Universita di Brescia, Italy) Matthias Dewatripont (Universite Libre de Bruxelles/CEPR/CORE) Eric Maskin (Harvard University) Franklin Allen (University of Pennsylvania) Douglas Gale (New York University) Nobuhiro Kiyotaki (University of Minnesota/Federal Reserve Bank of Minneapolis) John Moore (LSE/Heriot-Watt University) Oren Sussman (University of the Negev, Israel)Suggested Citation
- Bhattacharya, Sudipto & Boot, Arnoud & Thakor, Anjan (ed.), 2004. "Credit, Intermediation, and the Macroeconomy: Readings and Perspectives in Modern Financial Theory," OUP Catalogue, Oxford University Press, number 9780199243068.
Handle: RePEc:oxp:obooks:9780199243068
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Citations
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Cited by:
- Mettenheim Kurt, 2013. "Back to Basics in Banking Theory and Varieties of Finance Capitalism," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 357-405, May.
- Alberto Martin, 2004. "Endogenous credit cycles," Economics Working Papers 916, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2008.
- Majumdar, Sumit K., 2016. "Debt and communications technology diffusion: Retrospective evidence," Research Policy, Elsevier, vol. 45(2), pages 458-474.
- Arnoud W.A. Boot & Matej MarinĨ, 2012. "Financial Innovations, Marketability and Stability in Banking," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 22, Edward Elgar Publishing.
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