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Pricing Policies of Financial Intermediaries

The primary purpose of this study is to develop a framework that will explain the behavior of financial intermediaries and, more precisely, their pricing policies. As financial intermediation is the business of financial assets and liabilities, use is made of concepts and models developed tradition­...

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Bibliographic Details
Main Author: Dermine, J.
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 1984, 1984
Edition:1st ed. 1984
Series:Studies in Contemporary Economics
Subjects:
Finance
Financial Economics
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 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
  • 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

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