Microeconomics of banking

Abstract

1. Introduction – 2. The Role of Financial Intermediaries – 3. The Industrial Organization Approach to Banking – 4. The Lender-Borrower Relationship – 5. Equilibrium in the Credit Market and Its Macroeconomic Implications – 6. The Macroeconomic Consequences of Financial Imperfections – 7. Individual Bank Runs and Systemic Risk – 8. Managing Risks in the Banking Firm – 9. The Regulation of Banks.