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Microeconomics of Banking by Xavier Freixas, Jean-Charles Rochet is a nonfiction available to read on EtoBox.

What is Microeconomics of Banking about?

"The authors have provided an extremely thorough and up-to-date survey of microeconomic theories of financial intermediation. This work manages to be both rigorous and pleasant to read. Such a book was long overdue and should be required reading for anybody interested in the economics of banking and finance." -- Mathias Dewatripont, Professor of Economics, ECARE, Université Libre de Bruxelles Twenty years ago, most banking courses focused on either management or monetary aspects of banking, with no connecting. Since then, a microeconomic theory of banking has developed, mainly through a switch of emphasis from the modeling of risk to the modeling of imperfect information. This asymmetric information model is based on the assumption that different economic agents possess different pieces of information on relevant economic variables, and that they will use the information for their own profit. The model has been extremely useful in explaining the role of banks in the economy. It has also been useful in pointing out structural weaknesses of the banking sector that may justify government intervention--for example, exposure to runs and panics, the persistence of rationing in the credit

Who reads Microeconomics of Banking?

Author

Xavier Freixas, Jean-Charles Rochet

Publisher

The MIT Press

Published

1997

Language

EN

ISBN

9780262061933

Category

nonfiction

Subjects

Finance, Economics, Business

Updated

2026-03-24