What Should Banks Do

What Should Banks Do

Describes changes in the financial services industry, discusses the advantages and risks of expanding bank powers, and suggests guidelines for balancing the benefits of competition and public service.

Author: Robert E. Litan

Publisher: Brookings Inst Press

ISBN: STANFORD:36105040684727

Category: Business & Economics

Page: 207

View: 807

Describes changes in the financial services industry, discusses the advantages and risks of expanding bank powers, and suggests guidelines for balancing the benefits of competition and public service.
Categories: Business & Economics

Banking on Change

Banking on Change

In this book, commissioned by The London Institute of Banking & Finance to mark its 140th anniversary, experts from across the sector examine some of the changes, challenges and opportunities for banking and finance – past, present and ...

Author: London Institute of Banking and Finance

Publisher: John Wiley & Sons

ISBN: 9781119609988

Category: Business & Economics

Page: 248

View: 206

PRAISE FOR Banking on Change "In this 140th Anniversary celebration book, The London Institute of Banking and Finance stick to their core function of educating us all, but especially aspirant bankers, on the role and concerns of (retail and commercial) banking in the UK. They have assembled a well-chosen group of practitioners from a range of professions to write clear and easily assimilable essays, no technical expertise required, on a wide variety of current banking issues. If you want to learn about the current practices and problems of UK retail banking, this book must be essential reading." —Charles Goodhart, emeritus professor of banking and finance at the London School of Economics "In this important book, a line from Bill Allen's contribution is key: 'Nobody can predict the ferocity of the gale of creative destruction' that faces the financial services sector. True; but if you read the many and varied contributions, you'll have a pretty good idea. Moreover, you'll understand how we (that is, bankers) got here – and what we should do to make the industry more competitive, fairer and more genuinely useful. It is a soup-to-nuts look at banking – from the early days of the Institute of Banking, through the go-go years of ifs, to a present and future that are likely to be dominated by technology. It is well-worth a long read." —Andrew Hilton, director, Centre for the Study of Financial Innovation "If you were to imagine what a book celebrating 140 years of financial knowledge might contain, you could not come up with a better selection than this. As well as a historic sweep – from no-tech to fintech, the decline of trust and the rise of competition – today's hot subjects are addressed, including sustainable investing, cultural diversity and digital identity. The cradle-to-grave nature of the industry is captured in pieces about financial education and pensions. And it's well written, setting the scene nicely for the next era." —Jane Fuller, Fellow of the Society of Investment Professionals Financial services are undergoing rapid, and potentially dramatic, change. What will happen in payments, in sustainable finance and in fintech? How can the industry boost financial inclusion and ensure that its workforce has the skills it needs to meet regulatory requirements and to compete with new entrants? Can trade finance rise to the challenge of underpinning global trade for all and help the developing world avoid "financial abandonment"? What do financial services need to do to protect our digital identities? Banking on Change provides insights by experts and influencers from across the financial services industry on these and other questions. Published to mark the 140th anniversary of The London Institute of Banking & Finance, this book is intended to be of lasting value to both students and professionals.
Categories: Business & Economics

Zombie Banks

Zombie Banks

The approach used now has not, and will not, work. This timely book reveals why. Zombie Banks tells the story of how debtor nations and failing institutions are damaging the long-term prospects of the global economy.

Author: Yalman Onaran

Publisher: John Wiley & Sons

ISBN: 9781118185315

Category: Business & Economics

Page: 208

View: 636

An in-depth look at the problems surrounding zombie banks andtheir dangerous effect on the global economy “The title is worthy of a B movie, but it's also apt.Bloomberg News reporter Yalman Onaran, supported by former U.S.Federal Deposit Insurance Corp. chief Sheila Bair - who provides aforeword and numerous interviews - urge that insolvent banks bothsmall and too big to fail be allowed to do precisely that. Reading bank balance sheets is not everyone's idea of a goodtime. But Mr. Onaran, with support from Ms. Bair, does the choreand explains what it means. Mr. Onaran shows that the processof rescuing dead and dying banks is increasing systemic risk in theglobal banking system. And that is really more frightening thanscream flicks from Tinseltown.” -- FinancialPost “Yalman Onaran knows of putrid financial institutions,having written about them in his native Turkey so successfully hebrought down a few in Istanbul in the late '90's.” --Huffington Post “Do We Love Zombie Banks? The new book by Yalman Onaran ofBloomberg News, Zombie Banks: How Broken Banks and DebtorNations Are Crippling the Global Economy, is a well-organizedand clearly written discussion of the use of leverage to providegrowth in many different economies. Onaran has carefully researchedthe zombie phenomenon and makes some important points in thisconcise volume about both public policy and the concerns ofinvestors. One of the more interesting early threads in the book isthe juxtaposition of the experience of the US in the S&L crisisand Japan in the 1980s and 1990s with the US today. ZombieBanks is a good review of the latest thinking about the ebb andflow of the political economy.” -- R. ChristopherWhalen, author of Inflated Zombie banking has become standard operating procedure for bigdebtor nations. They prop up failing institutions, print money, andavoid financial corrections. But in an attempt to prolong theinevitable, bigger problems are created. The approach used now hasnot, and will not, work. This timely book reveals why. ZombieBanks tells the story of how debtor nations and failinginstitutions are damaging the long-term prospects of the globaleconomy. Author Yalman Onaran, a veteran Bloomberg News reporter andfinancial banking sector expert, examines exactly what a zombiebank is and why they are kept alive. He also discusses how theyhurt economic recovery and what needs to be done in order torestore stability. Along the way, Onaran takes an honest look athow we arrived at this point and details the harsh realities thatmust be faced, and the serious steps that must be taken, in orderto get things headed in the right direction. Puts insolvent banks and debtor nations in the spotlight andexamines how they are crippling the global economy On the record sources include Paul Volcker, Joseph Stiglitz,Sheila Bair, and many more bank executives, regulators,politicians, and policymakers in the United States and abroad Takes the complexity of the current situation and translates itin a way that makes it understandable While the short-term measures taken to stave off depression andrejuvenate economic growth may offer hope, they are unsustainableover the long term. Get a better look at what really lies ahead,and what it will take to improve our economic situation, with thisbook.
Categories: Business & Economics

Multifunctional Banking and Financial Fragility

Multifunctional Banking and Financial Fragility

The dissertation places the changes occurring in the banking system within the context of what Hyman P. Minsky termed money manager capitalism. Minsky's view of what banks should do informs the analysis throughout the work.

Author: Yeva Nersisyan

Publisher:

ISBN: OCLC:910742100

Category: Banking law

Page: 243

View: 377

This dissertation traces the evolution of the U.S. banking system since the 1980s with a specific focus on the role of the relaxation and eventual repeal of Glass-Steagall Act (GSA) on the stability of the financial structure. While the U.S. economy has experienced a number of episodes of instability and even mini-financial crises since the 1970s, the Global Financial Crises was the first one that was systemic, encompassed a wide array of institutions and markets and pushed the economy into a prolonged recession. The question that this study attempts to answer is whether the repeal of the Glass-Steagall Act has made the U.S. financial structure so fragile that another system-wide debt-deflation with an accompanying Great Depression 2.0 has become likely. It examines the activities of banks following deregulation and their involvement in the securitization process. It provides evidence that universal banks have been at the forefront of securitization, and without their involvement market-based finance would not have become the new model of banking. Furthermore, as competition between large banks has intensified, following the repeal of the Glass-Steagall Act, their underwriting standards have suffered and their task of impartial credit analysis has been compromised. The dissertation places the changes occurring in the banking system within the context of what Hyman P. Minsky termed money manager capitalism. Minsky's view of what banks should do informs the analysis throughout the work.
Categories: Banking law

Economics of Money Banking and Financial Markets

Economics of Money  Banking  and Financial Markets

Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s readers.

Author: Frederic S. Mishkin

Publisher: Pearson College Division

ISBN: 0138002398

Category: Business & Economics

Page: 662

View: 388

The Economics of Money, Banking, and Financial Marketsset the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader. The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s readers. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, theBusiness School Editionis the ideal alternative. Introduction:Why Study Money, Banking, and Financial Markets?; An Overview of the Financial System; What Is Money?Financial Markets: Understanding Interest Rates; The Behavior of Interest Rates; The Risk and Term Structure of Interest Rates; The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis.Financial Institutions: An Economic Analysis of Financial Structure; Financial Crises and the Subprime Debacle; Banking and the Management of Financial Institutions; Economic Analysis of Financial Regulation; Banking Industry: Structure and Competition; Nonbank Finance; Financial Derivatives; Conflicts of Interest in the Financial Industry.Central Banking and the Conduct of Monetary Policy: Structure of Central Banks and the Federal Reserve System; The Money Supply Process; Tools of Monetary Policy; What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics.International Finance and Monetary Policy:The Foreign Exchange Market; The International Financial System.Monetary Policy: The Demand for Money; Aggregate Demand and Supply Analysis; Transmission Mechanisms of Monetary Policy: The Evidence; Money and Inflation. For all readers interested in money, banking, and financial markets.
Categories: Business & Economics

Should Increased Regulation of Bank Risk Taking Come from Regulators Or from the Market

Should Increased Regulation of Bank Risk Taking Come from Regulators Or from the Market

The heavy losses in bank asset portfolios do not reflect an inherent failure of markets to monitor risk adequately but rather the perverse incentives of the financial safety net to excessive risk-taking.

Author: Robert L. Hetzel

Publisher: DIANE Publishing

ISBN: 9781437919523

Category:

Page: 40

View: 937

The heavy losses in bank asset portfolios do not reflect an inherent failure of markets to monitor risk adequately but rather the perverse incentives of the financial safety net to excessive risk-taking. The unsustainable rise in house prices and their subsequent sharp decline derived from the combination of a public policy to expand home ownership to unrealistic levels and from a financial safety net that encouraged excessive risk-taking by banks. Charts and tables.
Categories:

From Microfinance to Inclusive Finance

From Microfinance to Inclusive Finance

The historic templates for this book are the German Sparkassen and Cooperative banks that have a strong track record of development and growth spanning over 200 years.

Author: R. H. Schmidt

Publisher: John Wiley & Sons

ISBN: 9783527508020

Category: Business & Economics

Page: 300

View: 331

The authors take into account developments from a historical, social science, and economic point of view. Analytic interpretation is backed by case. They identify general parameters both for failure and success and also indicate how to optimise existing potentials
Categories: Business & Economics

The Purpose of Banking

The Purpose of Banking

Introduction: the columbo approach: a bird's eye view of the book -- Act i: the purpose of banks : what banks do and why -- Money, guns and lawyers : the business of banking -- The origins of baking and the services banks provide : ...

Author: Anjan V. Thakor

Publisher: Oxford University Press, USA

ISBN: 9780190919535

Category: Business & Economics

Page: 248

View: 200

Introduction: the columbo approach: a bird's eye view of the book -- Act i: the purpose of banks : what banks do and why -- Money, guns and lawyers : the business of banking -- The origins of baking and the services banks provide : customers, investors and other stakeholders -- Out of sigh out of ming? : off-balance sheet banking -- Act ii: bank decision-making and the regulation of banks : capital, regulation, purpose and culture -- When your chickens come home to roost : bank capital regulation and the search for financial stability -- Higher purpose, culture and capital : is banking on culture a capital idea? -- Act iii: banks and markets: interactions that affect stability and growth -- Financial system architecture : where do banks sit in the financial system? -- Changes in banking over time -- Act iv: financial crises: causes, effects and cures -- Financial crises and banks : what caused the great recession and what where its effects? -- Act v: reforming banking and looking ahead : improving banking and the potential interactions with fintech -- The final frontier : an improved banking system to achieve financial stability and economic growth -- Closing curtain : should banking be fundamentally resigned? -- Summing up and looking ahead: fintech and banking
Categories: Business & Economics

The Economics of Money Banking and Financial Markets Business School Edition Plus Myeconlab in Coursecompass 1 Semester Student Access Kit

The Economics of Money  Banking  and Financial Markets  Business School Edition Plus Myeconlab in Coursecompass 1 Semester Student Access Kit

For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, the Business School Edition is the ideal alternative. Introduction: Why Study Money, Banking, and Financial Markets?

Author: Frederic S. Mishkin

Publisher:

ISBN: 0321607171

Category: Business & Economics

Page:

View: 285

The Economics of Money, Banking, and Financial Markets set the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader. The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today's readers. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, the Business School Edition is the ideal alternative. Introduction: Why Study Money, Banking, and Financial Markets?; An Overview of the Financial System; What Is Money? Financial Markets: Understanding Interest Rates; The Behavior of Interest Rates; The Risk and Term Structure of Interest Rates; The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis. Financial Institutions: An Economic Analysis of Financial Structure; Financial Crises and the Subprime Debacle; Banking and the Management of Financial Institutions; Economic Analysis of Financial Regulation; Banking Industry: Structure and Competition; Nonbank Finance; Financial Derivatives; Conflicts of Interest in the Financial Industry. Central Banking and the Conduct of Monetary Policy: Structure of Central Banks and the Federal Reserve System; The Money Supply Process; Tools of Monetary Policy; What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics. International Finance and Monetary Policy: The Foreign Exchange Market; TheInternational Financial System. Monetary Policy: The Demand for Money; Aggregate Demand and Supply Analysis; Transmission Mechanisms of Monetary Policy: The Evidence; Money and Inflation. For all readers interested in money, banking, and financial markets.
Categories: Business & Economics

If Texas Were Chile

If Texas Were Chile

"The central message of this book is that government shielding of banks from the hazards and influence of a free market fosters unsound, crisis-prone banking systems.

Author: Philip Lawton Brock

Publisher: Sequoia Inst

ISBN: UCSD:31822015560303

Category: Business & Economics

Page: 483

View: 462

"The central message of this book is that government shielding of banks from the hazards and influence of a free market fosters unsound, crisis-prone banking systems. Almost anywhere in the world, insolvent and mismanaged banks are allowed to go out of business only at the discretion of government supervisors. Banks are often maintained in business for so long that their afflictions spread throughout a regional or national economy: a situation that has yielded catastrophe for entire financial systems. Historically, efforts to mandate government monitoring of financial institutions and state-directed closing of insolvent banks do not adequately take account of bureaucratic inertia and the failure -- for whatever reason -- of supervisors to enforce such guidelines. This book explores the means by which bank closures that should occur will occur -- at the earliest possible date, and with the least possible damage. Chile's 1986 banking law, and how it came about, anchors this volume - ensuring that its discussion of ideas for banking reform would also provide details and direction for their translation into workable law. This law makes banking operations transparent to the public and permits bank monitors a minimum of discretion in either the recapitalization or the closing of failing firms -- thus increasing the regulatory atmosphere's resemblance to a free market. Chile's banking legislation has had a profound effect on the Chilean financial community and has influenced financial reforms in Mexico and elsewhere in Latin America. This volume provides the first English-language publication of the legislation, and, accompanied by the analysis and discussion of its text by distinguished practitioners, the Chilean experience may now benefit future reforms in many other countries, not least those throughout Asia at the end of the 1990s."--
Categories: Business & Economics