LEADER 01080cam0-22003131i-450 001 990004888700403321 005 20220316135828.0 035 $a000488870 035 $aFED01000488870 035 $a(Aleph)000488870FED01 035 $a000488870 100 $a19990530d1872----km-y0itay50------ba 101 0 $aita 102 $aIT 105 $ayfc-----001yy 200 1 $aLorenzo Valerio$felogio letto da Amilcare Carlotti inaugurandosi il monumento eretto nell'Istituto di Belle Arti nelle Marche in Urbino 210 $aTorino$cStamperia Reale$d1872 215 $a91 p., [1] c. di tav.$critr.$d25 cm 610 $aValerio, Lorenzo$aCelebrazioni 700 1$aCarlotti,$bAmilcare$0195851 702 1$aValerio,$bLorenzo 801 0$aIT$bUNINA$gRICA$2UNIMARC 856 4 $zVisualizza la versione elettronica in EROMM$uhttps://babel.hathitrust.org/cgi/pt?id=hvd.hw37b7&view=1up&seq=5&skin=2021$e20220316 901 $aBK 912 $a990004888700403321 952 $a3/III DD 14$bR.Bibl. 13.703$fFLFBC 959 $aFLFBC 996 $aLorenzo Valerio$9521150 997 $aUNINA LEADER 04269nam 22006615 450 001 9910357827003321 005 20250609111445.0 010 $a9783030268442 010 $a3030268446 024 7 $a10.1007/978-3-030-26844-2 035 $a(CKB)4100000009844720 035 $a(MiAaPQ)EBC5978945 035 $a(DE-He213)978-3-030-26844-2 035 $a(Perlego)3494967 035 $a(MiAaPQ)EBC5978830 035 $a(EXLCZ)994100000009844720 100 $a20191113d2019 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aBanking and Financial Markets $eHow Banks and Financial Technology Are Reshaping Financial Markets /$fby Andrada Bilan, Hans Degryse, Kuchulain O'Flynn, Steven Ongena 205 $a1st ed. 2019. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2019. 215 $a1 online resource (228 pages) $cillustrations 225 1 $aPalgrave Macmillan Studies in Banking and Financial Institutions,$x2523-3378 311 08$a9783030268435 311 08$a3030268438 320 $aIncludes bibliographical references and index. 327 $a1. Introduction -- 2. Securitization and Lending -- 3. Interest Rate Risk -- 4. Credit Risk -- 5. Collateral and Lending -- 6. Global Banking -- 7. FinTech and the Future of Banking -- 8. Conclusion. 330 $aThe traditional role of a bank was to transfer funds from savers to investors, engaging in maturity transformation, screening for borrower risk and monitoring for borrower effort in doing so. A typical loan contract was set up along six simple dimensions: the amount, the interest rate, the expected credit risk (determining both the probability of default for the loan and the expected loss given default), the required collateral, the currency, and the lending technology. However, the modern banking industry today has a broad scope, offering a range of sophisticated financial products, a wider geography -- including exposure to countries with various currencies, regulation and monetary policy regimes -- and an increased reliance on financial innovation and technology. These new bank business models have had repercussions on the loan contract. In particular, the main components and risks of a loan contract can now be hedged on the market, by means of interest rate swaps, foreign exchangetransactions, credit default swaps and securitization. Securitized loans can often be pledged as collateral, thus facilitating new lending. And the lending technology is evolving from one-to-one meetings between a loan officer and a borrower, at a bank branch, towards potentially disruptive technologies such as peer-to-peer lending, crowd funding or digital wallet services. This book studies the interaction between traditional and modern banking and the economic benefits and costs of this new financial ecosystem, by relying on recent empirical research in banking and finance and exploring the effects of increased financial sophistication on a particular dimension of the loan contract. . 410 0$aPalgrave Macmillan Studies in Banking and Financial Institutions,$x2523-3378 606 $aFinancial services industry 606 $aCapital market 606 $aTechnological innovations 606 $aFinancial Services 606 $aCapital Markets 606 $aInnovation and Technology Management 615 0$aFinancial services industry. 615 0$aCapital market. 615 0$aTechnological innovations. 615 14$aFinancial Services. 615 24$aCapital Markets. 615 24$aInnovation and Technology Management. 676 $a330.0285574 676 $a332.1 700 $aBilan$b Andrada$4aut$4http://id.loc.gov/vocabulary/relators/aut$0999601 702 $aDegryse$b Hans$4aut$4http://id.loc.gov/vocabulary/relators/aut 702 $aO?Flynn$b Kuchulain$4aut$4http://id.loc.gov/vocabulary/relators/aut 702 $aOngena$b Steven$4aut$4http://id.loc.gov/vocabulary/relators/aut 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910357827003321 996 $aBanking and Financial Markets$92294581 997 $aUNINA