Contemporary Banking Theory

Posted: 26 Oct 1999

See all articles by Sudipto Bhattacharya

Sudipto Bhattacharya

London School of Economics; Centre for Economic Policy Research (CEPR)

Anjan V. Thakor

Washington University, Saint Louis - John M. Olin School of Business; European Corporate Governance Institute (ECGI)

Abstract

We review the contemporary theory of financial intermediation. The focus is on the contribution in the past 15 years or so that have advanced our understanding of why financial intermediaries exist, the credit allocation decision and other services they provide in spot and forward credit markets, the contractual nature and allocational consequences of the claims they issue, and the optimal design of bank regulation.

JEL Classification: G2, G21

Suggested Citation

Bhattacharya, Sudipto and Thakor, Anjan V., Contemporary Banking Theory. JOURNAL OF FINANCIAL INTERMEDIATION, Vol 3 No 1, 1994. Available at SSRN: https://ssrn.com/abstract=5670

Sudipto Bhattacharya

London School of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom
44 171 955 7320 (Phone)
44 171 955 7420 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Anjan V. Thakor (Contact Author)

Washington University, Saint Louis - John M. Olin School of Business ( email )

One Brookings Drive
Campus Box 1133
St. Louis, MO 63130-4899
United States

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

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