Microeconomics of Banking by Xavier Freixas
The MIT Press | October 17, 1997 | English | ISBN: 0262061937 | 323 pages | DJVU| 2 MB
The MIT Press | October 17, 1997 | English | ISBN: 0262061937 | 323 pages | DJVU| 2 MB
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.