Modern Banking in Theory and Practice

Mervyn K. Lewis

Revue Économique, 1992, vol. 43, issue 2, 203-228

Abstract: [fre] Modem Banking in Theory and Practice. . Cet article propose une revue de la littérature portant sur les nouvelles théories de la firme bancaire. On tente tout d'abord de justifier de l'existence des intermédiaires financiers en se fondant sur les coûts d'information qui s'attachent à la conclusion des contrats financiers. On analyse alors les banques à travers leur rôle dans la gestion de l'information et dans la production de liquidité. On considère enfin certains éléments qui ne sont généralement pas pris en compte par les nouvelles théories de la firme bancaire tels que les activités de hors bilan ou les opérations financières internationales. [eng] Modern banking in theory and practice . . This article gives a survey of literature on the new theories of the banking firm. First it is argued that financial intermediaries exist to facilitate the financing process with respect to varions information costs. Bank are then analysed as " information processors " and ' liquidity insurers ". At last, some missing ingredients of the news theories are considered such as off balance sheet activities or multinational operations.

Date: 1992
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