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Finance and Financial Intermediation – A Modern Treatment of Money, Credit, and Banking - Oxford Scholarship Online
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Finance and Financial Intermediation: A Modern Treatment of Money, Credit, and Banking

Harold L. Cole


Finance and financial intermediation are central to modern economies. This book covers all of the material a sophisticated economist needs to know about this area. It begins with an overview of financial markets and their operation. It then covers asset pricing for standard assets and derivatives, and analyses what modern finance says about firm behaviour and capital structure. The book covers money, exchange rates, electronic payments methods, and cryptocurrencies. The book then covers financial intermediation. The book then examines the role played by finance and financial intermediation in ... More

Keywords: Asset pricing, financial intermediation, capital markets, sovereign debt crises, bank runs, money, cryptocurrencies, derivatives, exchange rates, interest rates, risk premia, banking

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780190941697
Published to Oxford Scholarship Online: May 2019 DOI:10.1093/oso/9780190941697.001.0001


Affiliations are at time of print publication.

Harold L. Cole, author
Professor of Economics, University of Pennsylvania