Banking in the Theory of Financial Intermediation: Traditions and Innovation
Abstract
The article is devoted to the evolution of the theory of financial intermediation and its main approaches. The basic concepts have been discussed to represent the main periods of this evolution. Keeping of liquidity level and risk management have been described as prospect concepts for development of the contemporary theory of intermediation.
Keywords:
Banking System
Downloads
Download data is not yet available.
References
Литература на русском языке
Заутер В., Усоскин В., Шваб Т. Банковская система и рынки кредита. Франкфурт на Майне, 1996. С. 37-38.
Мишкин Ф.С. Экономическая теория денег, банковского дела и финансовых рынков: Учеб. пособие/Пер. с англ. под ред. М.Е. Дорошенко. М., 1999. С. 215-240.
References in Latin Alphabet
Akerlof G. A. The Market for 'Lemons': Qualitative Uncertinty and the Market Mechanism // Quarterely Journal of Economics. 1970. Vol. 84. P. 488-500.
Benston G. J., Smith C. W. A Transaction Cost Approach to the Theory of Financial Intermediation//Journal of Finance. 1976. Vol. 31. P. 215-231.
Boyd J.H., Prescott E.C. Financial Intermediary Coalitions // Journal of Economic Theory. 1986. Vol. 38. P. 211-232.
Boyd J.H., Prescott E.C. Financial Intermediary Coalitions. Federal Reserve Bank of Minneapolis. Research Department Staff Report 87. July 1985.
Bryant J. A Model of Reserves, Bank Runs, and Deposit Insurance // Journal of Banking and Finance. 1980. Vol. 4. P. 335-344.
Calomiris C.W., Kahn C.M. The Role of Demandable Debt in Structuring Optimal Bank Arrangement // American Economic Review. 1991. Vol. 81. N 4. P. 497-513.
Campbell T. S., Kracaw W. A. Information Production, Market Signaling and the Theory of Financial Intermediation//Journal of Finance. 1980. Vol. 35. P. 863-882.
Cox D. Success in elements of banking. 5th ed. London, 1989. P. 58-59.
Diamond D., Dybvig P. Bank Runs, Deposit Insurance, and Liquidity // Journal of Political Economy. 1983. Vol. 91. P. 401-419.
Diamond D.W. Financial Intermediation and Delegated Monitoring // Working Paper. Graduate School of Business. University of Chicago. 1980.
Diamond D.W. Financial Intermediation and Delegated Monitoring // Review of Economic Studies. 1984. Vol. 51. P. 393-414.
Diamond D.W. Financial Intermediation as a Delegated Monitoring: A Simple Example//Economic Quarterely. Federal Reserve Bank of Richmond. 1996. Vol. 82. Issue 3. P. 65.
Financial Intermediaries and the Saving Investment Process // Journal of Finance. 1956. Vol. 11. P. 257–276.
Flannery M. J. Debt Maturity and the Deadweight Cost of Leveragy: Optimal Financing Banking Firms // American Economic Review. 1994. Vol. 84. N 2. P. 320-331.
Gurley J.G., Shaw E.S. Financial Aspects of Economic Development // American Economic Review. 1955. Vol. 45. N 4. P. 515–538.
Leland H. E., Pyle D. H. Information Asymmetries, Financial Structure, and Financial Intermediation//Journal of Finance. 1977. Vol. 32. P. 371-387.
Merton R. C., Bodie Z. A Conceptual Framework for Ananlyzing the Financial Environment//The Global Financial System a Functional Perspective/Ed. by Dwight B. Crane et all. Boston, 1999.
Money in a Theory of Finance. Washington. D.C.: Brookings Institution. 1960.
Spence M.A. Job Market Signaling // Quarterely Journal of Economics. 1973. Vol. 87. P. 355-379.
Spence M.A. Market Signaling: Information Transfer in Hiring and Related Processes. Cambridge, 1974.
Spence M.A. Stiglitz J. E. Information and Economic Analysis // Current Economic Problems / Ed. by Parkin M., Nobay A. Cambridge, 1975.
Tobin J. Commercial Banks as Creator of «Money» // Banking and Monetary Studies, for the Comptroller of the Currency, U.S. Treasury / Ed. by Dean Carson. Richard D. Irwin, 1963. P. 408–419.
Translation of references in Russian into English
Downloads
Published
2006-09-28
How to Cite
Канаев, А. В. (2006). Banking in the Theory of Financial Intermediation: Traditions and Innovation. St Petersburg University Journal of Economic Studies, (3), 113–123. Retrieved from https://economicsjournal.spbu.ru/article/view/4320
Issue
Section
Banking System
License
Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
