Capital Markets and Financial Intermediation

Capital Markets and Financial Intermediation

by Colin Mayer (Editor), XavierVives (Editor)

Synopsis

Financial intermediation is currently a subject of active research on both sides of the Atlantic. The integration of European financial markets, in particular, highlights several important issues. In this volume, derived from a joint CEPR conference with the Fundacion Banco Bilbao Vizcaya (BBV), leading academics from Europe and North America review 'state-of-the-art' theories of banking and financial intermediation and discuss their policy implications. The principal focus is on the risks of increased competition, the appropriate regulation of banks, and the differences between Anglo-American and Continental European forms of financial markets. Relationship banking, stock markets and banks, banking and corporate control, financial intermediation in Eastern Europe, monetary policy and the banking system, and financial intermediation and growth are also discussed.

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More Information

Format: Hardcover
Pages: 380
Publisher: Cambridge University Press
Published: 20 May 1993

ISBN 10: 0521443970
ISBN 13: 9780521443975
Book Overview: This volume reviews recent theories of banking and finance and assesses the implications for policy-making in Europe.