Microeconomics of Banking, third edition

The third edition of a leading text on the microeconomic foundations of banking, comprehensively updated with new coverage of the 2008 Global Financial Crisis, fintech, and the latest research in banking theory.The third edition of a leading text on the microeconomic foundations of banking, comprehensively updated with new coverage of the 2008 Global Financial Crisis, fintech, and the latest research in banking theory.The banking industry has undergone seismic change in the twenty-first century, from the overhaul of regulation in the wake of the 2008 Global Financial Crisis to the digitalization of the economy and the disruption of traditional business models by ascendant tech giants. Now in a comprehensively updated third edition, this essential graduate-level text on the microeconomic foundations of banking provides the rigorous theoretical approach required to understand these new structures and norms, functioning as a user's guide to recent academic literature. Microeconomics of Banking offers a comprehensive view of the evolution of banking theory and the rapidly changing realm of financial intermediation, examining the central issues and offering the necessary tools for understanding how they have been modeled.New edition highlights-Up-to-date coverage of the latest research in banking theory as well as the events of the global financial crisis and resultant Basel III regulatory frameworkNew chapters on liquidity and systemic riskNew material throughout on cryptocurrencies, fintech, and other facets of a digitalized economy

Xavier Freixas is Emeritus Professor at Universitat Pompeu Fabra in Barcelona and Research Fellow at CEPR. He is past president of the European Finance Association and has previously been Chairman of the Risk Based Regulation Program of the Global Association of Risk Professionals (GARP), Deutsche Bank Professor of European Financial Integration at Oxford University, Houblon- Norman Senior Fellow of the Bank of England, and a professor at Montpellier and Toulouse Universities.Jean-Charles Rochet is Professor of Economics at the Toulouse School of Economics. He was previously Professor of Banking at Geneva University and Head of Research at the Swiss Finance Institute, Fischer Black Visiting Professor at MIT, and BP Professor at the London School of Economics. He served as President of the Econometric Society in 2012.

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