"Greenbaum, Thakor, and Boot encourage students to uncover the root causes of financial intermediary structures. This superb text combines comprehensive coverage with theoretical and empirical rigor." -- George G. Pennacchi, University of Illinois "Since its first edition, Greenbaum, Thakor and Boot has become the standard textbook on financial intermediation, a sector 'contemporary as never before.' This revised edition nicely reflects the renewed and necessary attention given to the sector." --Steven Ongena, University of Zurich " Contemporary Financial Intermediation provides a unified framework for understanding the role of present day financial intermediaries, their contribution to society, the risks they face, financial crises, and the role of financial regulation. A valuable book for students interested in learning about financial markets and institutions, and how the global landscape has changed. --Ravi Jagannathan, Northwestern University "This updated version of the book provides an excellent application of the foundation principles of financial intermediation theory to the recent developments in the banking industry and financial regulation emerging from the 2007-9 crisis.

The analytical approach is complemented by an extensive collection of exercises and case studies. This combination makes the book an invaluable instrument for teaching bank managements at universities and business schools." --Elena Carletti, Università Bocconi "These authors are uniquely qualified to provide a strong background on financial intermediation, since they originally penned much of the background research and are up-to-date on the recent literature. The Third Edition includes new chapters on the recent financial crisis and other important contemporary topics in financial intermediation that allow researchers, regulators, and practitioners to understand the most recent thinking on these topics. I strongly endorse this book." -- Allen N. Berger, University of South Carolina.