Hildreth R. History of Banks

University of Connecticut, 2008. 48 с. The capital structure and regulation of financial intermediaries is an important topic for practitioners, regulators and academic researchers. In general, theory predicts that firms choose their capital structures by balancing the benefits of debt (e.g. , tax and agency benefits) against its costs (e.g. , bankruptcy costs). However, when traditional corporate finance models have been applied to insured fina...

European Central Bank. Working Paper Series, September 2009. № 1096. 51 с. The paper shows that mispriced deposit insurance and capital regulation were of second order importance in determining the capital structure of large U.S. and European banks during 1991 to 2004. Instead, standard cross-sectional determinants of non-financial firms’ leverage carry over to banks, except for banks whose capital ratio is close to the regulatory minimum. Consi...

The MIT Press, 2008, 348 pp. Язык английский. Содержание: Introduction The Role of Financial Intermediaries The Industrial Organization Approach to Banking The Lender-Borrower Relationship Equilibrium in the Credit Market and Its Macroeconomic Implications The Macroeconomic Consequences of Financial Imperfections Individual Bank Runs and Systemic Risk Managing Risks in the Banking Firm The Regulation of Banks

Investment banking is a complicated industry of traders, analysts, brokers, managers, hedgers, quant jocks, retirement planners, and, yes, even bankers! This business is as creative as it is mechanical, as qualitative as it is quantitative; its clients range from middle- American mom-and-pops to international billionaires, from newly created firms to multinational giants. Investment banks also work for governments.