Contemporary Financial Intermediation, Fifth Edition by Greenbaum, Thakor, and Boot continues to offer a distinctive approach to the study of financial markets and institutions by presenting an integrated portrait that puts information and economic reasoning at the core. Such reasoning is used in this revised edition to understand the implications of information technology revolution that characterizes the financial services industry with digitization and fintech as important manifestations. Contemporary Financial Intermediation explores the subtlety, plasticity, and fragility of financial institutions and credit markets, and the ramifications for risk management (including cyber risk). In this new edition every chapter has been updated and pedagogical supplements have been enhanced. For the financial sector, the best preprofessional training explains the reasons why markets, institutions, and regulators evolve the way they do, why we suffer recurring financial crises, how we typically react to them, and how digitization and fintech will affect financial services and the industry at large. This textbook demands more in terms of quantitative skills and analysis, but its ability to teach about the forces shaping the financial world is unmatched. Students receive a complete foundation on the subject, providing a strong basis for learning and understanding key challenges in the management and operations of financial institutions, and their competitive environment.
