Pricing policies of financial intermediaries

1 Introduction.- 1.1 Theory of financial intermediaries.- 1.2 Outlook of the study.- 2 The Nature of Financial Intermediation.- 2.1 Notation.- 2.2 The classical view.- 2.3 A model of the intermediation process.- 2.4 A valuation model of the intermediary's liabilities.- Appendix: An 'option view' of financial intermediation.- 3 The Simultaneity Issue in Deposit and Credit Pate Setting.- 3.1 The neoclassical model.- 3.2 Rate setting and bankruptcy risk.- Appendix 3.1: Interest rate setting and oligopoly.- Appendix 3.2: The general case.- 4 Deposit Rate Setting by Financial Intermediaries.- 4.1 The basic model: concepts of period and economic return.- 4.2 The multiperiod model.- 4.3 The savings deposits case.- 4.4 Financing and liquidity constraints.- 4.5 Fixed costs and rate setting: the econometric implications.- 5 The Interest Rate on Savings Deposits in Belgium: 1962-1978.- 5.1 The savings deposits market: some institutional aspects.- 5.2 Interest rate on savings deposits in Belgium: 1962-1978.- 5.3 Conclusions.- Appendix: Deposit rate setting and sluggish deposits.- 6 Credit Rate Setting by Financial Intermediaries.- 6.1 Credit rationing: A review of the literature.- 6.2 The loan cost function.- 6.3 Imperfect discrimination and credit rationing.- Appendix: Bankruptcy risk: The n-borrower case.- 7 Interest Rate Setting and Risk Sharing.- 7.1 Uncertainty and the intermediary-borrower relationship.- 7.2 A 'perfect market' risk sharing contract.- 7.3 Market imperfections.- 7.4 Conclusions.- Appendix: The isoprofit curves.- 8 The Commercial Loan Rate in Belgium: 1966-1980.- 8.1 Data and institutional aspects of the credit market.- 8.2 The determinants of the commercial loan rate: A theoretical model.- 8.3 The commercial loan rate in Belgium: 1966-1980.- 8.4 Conclusions.- 9 Interest Rate Setting and Bank Regulation.- 9.1 Deposit insurance and unconstrained pricing policies.- 9.2 Bank regulation and insurance premiums: their adequacy.- 9.3 Conclusions.- Appendix 9.1: The expected net value.- Appendix 9.2: Regulation, insurance premiums and taxes.- Data sources and data construction.- References.

著者

Dermine, Jean

出版社

In-house reproduction

発売日

1983-12-01

価格

価格未定（税込・書誌情報提供：openBD）

ISBN

9780387130804

発売済み