Microeconometrics of Banking Methods, Applications, and Results [Hardcover]

This book provides a compendium to the empirical work investigating the hypotheses generated by recent banking theory. Such a compendium is overdue. Since the publication of theThe Microeconomics of Bankingby Xavier Freixas and Jean Charles Rochet, work in empirical banking has further blossomed, not only in sheer volume but also in the variety of questions being tackled, datasets becoming available, and methodologies being introduced. This book follows the structure in Freixas and Rochet's book and arranges the relevant methodologies, applications, and results according to each of their original chapters in order to have a coherent synthesis between available theory and supporting empirics. Each chapter inMicroeconometrics of Bankingcontains a modest introduction (where possible and appropriate), a concise methodology section with one or more relevant methodologies, and several illustrative applications. In a muscular results section the authors summarize the main robust and seminal findings in the literature that are in the text, and provide the details of many other studies in figures and tables.

1. Introduction
2. Why Do Financial Intermediaries Exist?
3. The Industrial Organization Approach to Banking
4. The Lender-Borrower Relationship
5. Equilibrium and Rationing in the Credit Market
6. The Macroeconomic Consequences of Financial Imperfections
7. Individual Bank Runs and Systemic Risk
8. Managing Risks in the Banking Firm
9. The Regulation of Banks
10. Conclusion
11. Epilogue: The Banking Crisis of 2007-2008
Notes
References
Index

This is the perfect companion to the popular Freixas and Rochet theory book on the microeconomics of banking. Degryse, Kim, and Ongena do a superb job in linking recent advances in the empirical literature to existing theory of banking, offering students of financial intermediation a unique overview of the range of available econometlCC