Description: "In Contemporary Financial Intermediation, Third Edition, Greenbaum, Thakor and Boot offer a distinctive approach to financial markets and institutions, presenting an integrated portrait that puts information at the core. Instead of simply naming and describing markets, regulations, and institutions as competing books do, the authors explore the endless subtlety and plasticity of financial institutions and credit markets. This edition has six new chapters and increased, enhanced pedagogical supplements. The book is ideal for anyone working in the financial sector, presenting professionals with a comprehensive understanding of the reasons why markets, institutions, and regulators act as they do. Readers will find an unmatched, thorough discussion of the world's financial markets and how they function"--
Brief description:
Stuart Greenbaum is the former Dean and professor emeritus at the Olin Business School at Washington University in St. Louis. He is the 2006 recipient of the Lifetime Achievement Award of the Financial Intermediation Research Society. He was named the Bank of America Professor of Managerial Leadership in 2000. Before joining the Olin School in 1995, Greenbaum served for 20 years as a faculty member of the Kellogg Graduate School of Management at Northwestern University where he was the Director of the Banking Research Center and the Norman Strunk Distinguished Professor of Financial Institutions. From 1988 to 1992, he served as Kellogg's Associate Dean for Academic Affairs. Before Northwestern, Greenbaum served as Chairman of the Economics Department at the University of Kentucky, and on the staffs of the Comptroller of the Currency and the Federal Reserve.
Greenbaum has served on 17 corporate boards. He also served on the Dean's Advisory Council of the Graduate Management Admission Council, and the board of AACSB International - The Association to Advance Collegiate Schools of Business, Executive Committee of the World Agricultural Forum, and on the board of the St. Louis Children's Hospital. He was thrice appointed to the Federal Savings and Loan Advisory Council, and was twice officially commended for extraordinary public service. Greenbaum has consulted for the Ewing Marion Kauffman Foundation, the Council of Higher Education of Israel, the American Bankers Association, the Bank Administration Institute, the Comptroller of the Currency, the Federal Reserve System, and the Federal Home Loan Bank System, among others. He has on numerous occasions testified before Congressional committees, as well as other legislative bodies.
Greenbaum has published two books and more than 75 articles in academic journals and other professional media. He is founding editor of the Journal of Financial Intermediation and has served on the editorial boards of 10 other academic journals.
Review Quotes:
"The landscape of banking is undergoing fundamental changes, with the emergence of new financial technologies and regulations and the rise of non-banks. This updated version of the standard textbook on banking is mandatory reading for all regulators, bankers, and students who wonder what is special about banks and what financial intermediation will look like in the future." --Luc Laeven, Director-General, European Central Bank
"This up-to-date standard work on financial intermediation, peppered with many concrete examples, is well founded in economic theory but never loses sight of the rapidly evolving reality of global finance."--Ralph de Haas, European Bank for Reconstruction and Development
"The banking sector has undergone significant changes in the decade since the global financial crisis. Technological change, increased non-bank competition, complex regulations, and shifts in globalization define the new landscape. The revised version of Contemporary Financial Intermediation provides an integrated framework for understanding and analyzing these changes. It is a must read for finance students, regulators and policy makers."--Deniz Anginer, The World Bank