With the unfolding of the financial crisis, the question could not have been more timely! TILEC members Hans Degryse and Steven Ongena, with co-author Moshe Kim (Haifa University), have recently published a text on the "Microeconometrics of Banking" with Oxford University Press. The book provides a compendium to the empirical work investigating the hypotheses generated by recent banking theory. It is an ideal companion to the celebrated book by Xavier Freixas and Jean-Charles Rochet on the microeconomic theory of banking. It follows the structure in Freixas and Rochet's text and arranges the relevant methodologies, applications, and results according to each of their original chapters in order to develop a coherent synthesis between available theory and supporting empirics. Each chapter in Microeconometrics of Banking contains a modest introduction (where possible and appropriate), a concise methodology section with one or more relevant methodologies, and several illustrative applications. In a "muscular" results section the authors summarize the main robust and seminal findings in the literature. Without doubt, this book will provide inspiration for many students, researchers and policy-makers concerned with financial intermediation in the years to come.