Microeconomics of Banking, third edition

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 up to date third edition, this very important graduate-level text at the microeconomic foundations of banking provides the rigorous theoretical approach required to remember these new structures and norms, functioning as a user’s guide to latest academic literature.

New edition highlights:

• Up-to-date coverage of the recent research in banking theory in addition to the events of the global financial crisis and resultant Basel III regulatory framework
• New chapters on liquidity and systemic risk
• New material right through on cryptocurrencies, fintech, and other facets of a digitalized economy