IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-3-030-26844-2_1.html
   My bibliography  Save this book chapter

Introduction

In: Banking and Financial Markets

Author

Listed:
  • Andrada Bilan

    (University of Zurich)

  • Hans Degryse

    (Katholieke University of Leuven)

  • Kuchulain O’Flynn

    (University of Zurich)

  • Steven Ongena

    (University of Zurich)

Abstract

The traditional role of a bank is to transfer funds from savers to investors, engaging in maturity transformation, screening for borrower risk, and monitoring for borrower effort in doing so. Until not so long ago, a traditional loan contract included as salient dimensions its amount, the interest rate, its expected credit risk, the required collateral, and the currency in which the loan was granted, all “wrapped” up in a singular way of the bank-firm engagement that occurred mainly through the loan officer. However, the scope of the modern banking industry today is much broader, offering a range of sophisticated financial products, a wider geography-including exposure to countries with various currencies, regulation, and monetary policy regimes-and an increased reliance on financial innovation and technology. This book offers a review of how new financial products and technologies have changed the traditional lending contract.

Suggested Citation

  • Andrada Bilan & Hans Degryse & Kuchulain O’Flynn & Steven Ongena, 2019. "Introduction," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Banking and Financial Markets, chapter 0, pages 1-4, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-030-26844-2_1
    DOI: 10.1007/978-3-030-26844-2_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-3-030-26844-2_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.