A Political Economy Of Banking Supervision

Author : Damir Odak
Publisher : Springer Nature
Page : 189 pages
File Size : 47,9 Mb
Release : 2020-06-18
Category : Business & Economics
ISBN : 9783030485474

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A Political Economy of Banking Supervision by Damir Odak Pdf

This book examines the effect of banking on the real economy and society, focusing on banking supervision as the decisive factor in steering banking activities and determining the social outcome of the game of finance. Banking is like a cardiovascular system for our society. If it functions correctly, it allows the economy to operate smoothly. On the other hand, if it malfunctions it becomes a doomsday device. This creates an asymmetry of risks – the asymmetry between the potential dire consequences and the modest rewards of accepting those risks. Banking was one of the critical technological factors enabling the transition from the middle ages and the creation of modern society. However, while today it contributes little to economic growth, its malfunction has a profound and lasting adverse impact. The book explains why, how and what. Why is it important to keep tight supervision of the banks? How can banking supervision improve stability, not only of the financial system but also of the whole human society? What went wrong with the regulation in the past?

Author : R. Goldbach
Publisher : Springer
Page : 271 pages
File Size : 41,8 Mb
Release : 2015-06-29
Category : Political Science
ISBN : 9781137500038

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Global Governance and Regulatory Failure by R. Goldbach Pdf

The author provides a theoretical framework of the global political economy of banking regulation and analyses the policies and politics of the Basel Committee on Banking Supervision. He demonstrates how global governance has contributed to the onset of the Great Recession and continues to increase the likelihood of future global financial crises.

Author : R. Goldbach
Publisher : Palgrave Macmillan
Page : 271 pages
File Size : 52,5 Mb
Release : 2014-01-14
Category : Political Science
ISBN : 1349698709

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Global Governance and Regulatory Failure by R. Goldbach Pdf

The author provides a theoretical framework of the global political economy of banking regulation and analyses the policies and politics of the Basel Committee on Banking Supervision. He demonstrates how global governance has contributed to the onset of the Great Recession and continues to increase the likelihood of future global financial crises.

Author : Emilios Avgouleas,David C. Donald
Publisher : Cambridge University Press
Page : 531 pages
File Size : 43,6 Mb
Release : 2019-01-31
Category : Business & Economics
ISBN : 9781108470360

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The Political Economy of Financial Regulation by Emilios Avgouleas,David C. Donald Pdf

Examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research.

Author : Mr.Thierry Tressel,Mr.Thierry Verdier
Publisher : International Monetary Fund
Page : 61 pages
File Size : 47,7 Mb
Release : 2014-05-28
Category : Business & Economics
ISBN : 9781498338554

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Optimal Prudential Regulation of Banks and the Political Economy of Supervision by Mr.Thierry Tressel,Mr.Thierry Verdier Pdf

We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Because of a pecuniary externality, the market equilibrium may not be optimal and there is a need for prudential regulation. We show that the optimal capital ratio depends on the macro-financial cycle, and that, in presence of production externalities, it should be complemented by a constraint on asset allocation. We show that the political process tends to exacerbate excessive risk taking and credit cycles.

Author : Emily Jones
Publisher : Oxford University Press
Page : 405 pages
File Size : 48,6 Mb
Release : 2020
Category : Political Science
ISBN : 9780198841999

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The Political Economy of Bank Regulation in Developing Countries by Emily Jones Pdf

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.International banking standards are intended for the regulation of large, complex, risk-taking international banks with trillions of dollars in assets and operations across the globe. Yet they are being implemented in countries with nascent financial markets and small banks that have yet to ventureinto international markets. Why is this? This book develops a new framework to explain regulatory interdependence between countries in the core and the periphery of the global financial system. Drawing on in-depth analysis of eleven countries across Africa, Asia, and Latin America, it shows howfinancial globalisation generates strong reputational and competitive incentives for developing countries to converge on international standards. It explains how specific cross-border relations between regulators, politicians, and banks within developing countries, and international actors includinginvestors, peer regulators, and international financial institutions, generate regulatory interdependence. It explains why some configurations of domestic politics and forms of integration into global finance generate convergence with international standards, while other configurations lead todivergence. This book contributes to our understanding of the ways in which governments and firms in the core of global finance powerfully shape regulatory decisions in the periphery, and the ways that governments and firms from peripheral developing countries manoeuvre within the constraints andopportunities created by financial globalisation.

Author : Gerald A. Epstein,Tom Sclesinger,Matias Vernengo
Publisher : Edward Elgar Publishing
Page : 392 pages
File Size : 52,7 Mb
Release : 2014-07-31
Category : Banks and banking
ISBN : 9781783472642

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Banking, Monetary Policy and the Political Economy of Financial Regulation by Gerald A. Epstein,Tom Sclesinger,Matias Vernengo Pdf

The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D�Arista, among others. Now, writing in the tradition of D�Arista's extensive work, the

Author : Gundbert Scherf
Publisher : Springer Science & Business Media
Page : 256 pages
File Size : 42,7 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9783658009830

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Financial Stability Policy in the Euro Zone by Gundbert Scherf Pdf

​Due to the lack of political salience that financial stability policy enjoys in tranquil economic times, this policy field lends itself particularly well to capture – the more so the more important the role of banks is in the financial system. Gundbert Scherf’s research focuses on this nexus between integrated banking, supranational monetary policy and national banking regulation. He finds that national level differences in financial systems and related institutions explain and drive variation in regulatory financial stability policy across countries.

Author : S. Eijffinger,Donato Masciandaro
Publisher : Edward Elgar Publishing
Page : 673 pages
File Size : 43,5 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781849805766

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Handbook of Central Banking, Financial Regulation and Supervision by S. Eijffinger,Donato Masciandaro Pdf

ÔThis Handbook is a must read for policy makers and practitioners alike as well as excellent reading for advanced academic courses in international banking.Õ Ð Allard Bruinshoofd, SUERF ÔThis collection of papers is essential reading for anyone interested in central banking, regulation and supervision. Sylvester Eijffinger and Donato Masciandaro have brought together contributions from the leading academics, central bankers and regulators, providing the most up-to-date analysis of this critical subject.Õ Ð Paul Mizen, University of Nottingham, UK This stimulating and original Handbook offers an updated and systematic discussion of the relationship between central banks, financial regulation and supervision after the global financial crisis. The crisis has raised new questions about the compatibility of monetary and financial stability, which are changing the face of central banking and its relationships with the architecture of financial regulation and supervision. The Handbook explores on both the economics and political economy of the topic, in order to understand how and why reforms of the role of the central banks can be designed and implemented. The general suggestion is that future effectiveness of the central banking architecture will depend on its ability to ensure the consistency between the monetary actions in normal and extraordinary times. Consequently the possible paths in the central bank strategies and tactics, as well as in the classic concepts of independence, accountability and transparency, are analyzed and discussed. With chapters written by outstanding scholars in economics, this lucid Handbook will appeal to academics, policymakers and practitioners, ranging from central bankers and supervisory authorities to financial operators. Among the academics it would be of particular interest to financial and monetary economists (including postgraduate students), but the institutional slant and the central theme of relations between economics, institutional settings and politics will also be invaluable for political scientists.

Author : A. Spendzharova
Publisher : Springer
Page : 162 pages
File Size : 51,9 Mb
Release : 2014-08-20
Category : Political Science
ISBN : 9781137282750

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Regulating Banks in Central and Eastern Europe by A. Spendzharova Pdf

How do bank supervisors strike a balance between market self-regulation and pro-active regulatory intervention? This book investigates the choice of banking supervision approach in four European Union member states from Central and Eastern Europe – Bulgaria, Estonia, Hungary, and Slovenia – after their transition to democracy and market economy.

Author : Stephen H. Haber,Douglass Cecil North,Barry R. Weingast
Publisher : Stanford University Press
Page : 330 pages
File Size : 44,5 Mb
Release : 2008
Category : Business & Economics
ISBN : 0804756929

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Political Institutions and Financial Development by Stephen H. Haber,Douglass Cecil North,Barry R. Weingast Pdf

The essays in this volume employ the insights and techniques of political science, economics and history to provide a fresh answer to this question.

Author : Domenica Tropeano
Publisher : Routledge
Page : 174 pages
File Size : 53,6 Mb
Release : 2018-01-12
Category : Business & Economics
ISBN : 9781317211440

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Financial Regulation in the European Union After the Crisis by Domenica Tropeano Pdf

In the wake of the financial crisis, new regulatory measures were introduced which, along with changes in monetary and macroeconomic policy, have transformed the global financial structure. However, this new financial structure displays various fragilities. A new shadow banking system has grown both inside and outside the traditional banks and the divergence between core and periphery countries’ banks has increased further due to both the new regulations and the European Central Bank’s very peculiar interventions. Following Minsky’s approach, this volume explores the interplay between monetary policy, regulation and institutions in the aftermath of the great financial crisis. Minsky’s insights are used to interpret the recent regulatory changes and consider how they have affected the evolution of banks and financial markets. The unfortunate conclusion is that the changes in financial regulation introduced in various jurisdictions and inspired by the work of the Basel Committee, have not succeeded in thwarting the instability of the economic system. Instead, the mix of policies implemented so far has brought about increased fragility in the financial system. Minksy’s work on financial stability offers alternative solutions which policy-makers need to consider to resolve these issues. Financial Regulation in the European Union After the Crisis is an important volume for those who study political economy, banking and monetary economics.

Author : Till Müller
Publisher : Unknown
Page : 252 pages
File Size : 51,8 Mb
Release : 2009
Category : Electronic
ISBN : OCLC:436309057

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The Political Economy of Central Banks and Banking Regulation by Till Müller Pdf

Author : David Howarth,Lucia Quaglia
Publisher : Oxford University Press
Page : 256 pages
File Size : 52,7 Mb
Release : 2016-09-15
Category : Business & Economics
ISBN : 9780191043802

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The Political Economy of European Banking Union by David Howarth,Lucia Quaglia Pdf

The establishment of Banking Union represents a major development in European economic governance and European integration history more generally. Banking Union is also significant because not all European Union (EU) member states have joined, which has increased the trend towards differentiated integration in the EU, posing a major challenge to the EU as a whole and to the opt-out countries. This book is informed by two main empirical questions. Why was Banking Union - presented by proponents as a crucial move to 'complete' Economic and Monetary Union (EMU) - proposed only in 2012, over twenty years after the adoption of the Maastricht Treaty? Why has a certain design for Banking Union been agreed and some elements of this design prioritized over others? A two-step explanation is articulated in this study. First, it explains why euro area member state governments moved to consider Banking Union by building on the concept of the 'financial trilemma', and examining the implications of the single currency for euro area member state banking systems. Second, it explains the design of Banking Union by examining the preferences of member state governments on the core components of Banking Union and developing a comparative political economy analysis focused on the configuration of national banking systems and varying national concern for the moral hazard facing banks and sovereigns created by euro level support mechanisms.

Author : Jihad Dagher
Publisher : International Monetary Fund
Page : 89 pages
File Size : 54,7 Mb
Release : 2018-01-15
Category : Business & Economics
ISBN : 9781484337745

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Regulatory Cycles: Revisiting the Political Economy of Financial Crises by Jihad Dagher Pdf

Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.