Banking and Financial Intermediation (HEC)



  •  Liquidity creation, bank runs and deposit insurance.
  • Creation of information-insensitive debt and funding dry-ups.
  • Delegated monitoring and relationship banking.
  • Information frictions in banking.
  • Industrial organization of banking.
  • Credit crunches.
  • Central banks and monetary policy transmission.
  • Risk-taking and bank regulation.
  • Loan sales and securitization.
  • Money market funds.
  • Mutual funds and hedge funds.
  • Credit rating agencies.