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Microeconomics of Banking, second edition

By Xavier Freixas, Jean-Charles Rochet
eBook
$48.99
By Xavier Freixas, Jean-Charles Rochet
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The second edition of an essential text on the microeconomic foundations of banking surveys the latest research in banking theory, with new material that covers recent developments in the field.

Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the eco...

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