Chapter One What Is a Bank? 1��1 Origin of the Bank 1��2 The Nature of Financial Intermediation 1��3 The Role of Banks 1��4 Transaction Costs 1��5 Economies of Scale and Economies of Scope 1��6 Asymmetric Information Chapter Two Why Do Banks Exist? 2��1 Financial Intermediation and Delegated Monitoring 2��2 The Benefits of Financial Intermediation Chapter Three Banking Activities 3��1 Banks and Other Financial Institutions 3��2 Structural and Conduct Deregulation 3��3 Supervisory Re-regulation 3��4 Competition 3��5 Financial Innovation and the Adoption of New Technologies 3��6 Responses to the Forces of Change Chapter Four Banking Services 4��1 Payment Services 4��2 Deposit and Lending Services 4��3 Investment�� Pensions and Insurance Services 4��4 E-banking 4��5 Fintech Chapter Five Personal and Private Banks 5��1 Traditional VS Modern Banking 5��2 Universal Banking and the Bancassurance Trend 5��3 Retail or Personal Banking 5��4 Private Banking Chapter Six Corporate Banking and Investment Banking 6��1 Corporate Banking 6��2 Banking Services Used by Small Firms 6��3 Banking Services for Mid-market and Large Corporate Clients 6��4 Investment Banking Chapter Seven Rationale of International Banking 7��1 International Banking 7��2 A Brief History of International Banking 7��3 Why Do Banks Go Overseas? Chapter Eight Types of International Banks and Services 8��1 Types of International Banks 8��2 International Bank Products and Services Chapter Nine Theory of Central Banking 9��1 Main Functions of Central Banks 9��2 How Does Monetary Policy Work? 9��3 Functions and Instruments of Monetary Policy of a Central Bank 9��4 Why Do Banks Need a Central Bank? Chapter Ten Central Banking in Practice 10��1 Federal Reserve Bank 10��2 The Bank of England 10��3 The European Central Bank KEYS