Banking And Financial Stability In Central Europe

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Banking and Financial Stability in Central Europe

David Green,Karl Petrick
Banking and Financial Stability in Central Europe Book PDF

Author : David Green,Karl Petrick
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 48,7 Mb
Release : 2002-04-26
Category : Business & Economics
ISBN : 1781950296

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Banking and Financial Stability in Central Europe by David Green,Karl Petrick Pdf

'...this book would be suited to lawyers and non-lawyers alike. In addition, it provides an interesting look at the EU banking system and the systems of Central and Eastern European countries.' - Ellie Palmer, Journal of International Banking Law and Regulation The eastwards expansion of the European Union is one of the most explosive economic and political issues of the early 21st century. Economic and financial stability combined with rising prosperity in the applicant countries are increasingly seen as necessary preconditions for European Union membership. This authoritative volume, written by scholars and practitioners from Central and Western Europe and the United States, confronts the issues involved in three of the countries most likely to be successful applicants to the EU - the Czech Republic, Hungary and Slovenia. A spotlight is turned on the banking and financial industries, as they are crucial to the achievement of economic stability. The blend of expertise deployed, which draws on in-depth knowledge and extensive experience in central banking, financial and commercial law, business, practical policy making and economic analysis, ensures that this book is timely, relevant and insightful. The authors suggest that the role of the state in both creating and maintaining an effective financial sector is central. Furthermore, they argue that well-regulated commercial banks and strategic foreign investors are a must as, in practice, the attempt to skip straight to modern capital markets has been ruinous. This accessibly written volume will be of interest to students and scholars of economics, finance, law, political science, the sociology of economic life and European studies.

Cross-border Banking in Europe

Franklin Allen
Cross border Banking in Europe Book PDF

Author : Franklin Allen
Publisher : CEPR
Page : 117 pages
File Size : 54,7 Mb
Release : 2011
Category : Banks and banking
ISBN : 9781907142369

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Cross-border Banking in Europe by Franklin Allen Pdf

This report argues that policy reforms in micro- and macro-prudential regulation and macroeconomic policies are needed for Europe to reap the important diversification and efficiency benefits from cross-border banking, while reducing the risks stemming from large cross-border banks.Available online as pdf at: http: //www.cepr.org/pubs/books/CEPR/cross-border_banking.pd

Financial Development, Integration and Stability

Klaus Liebscher,Josef Christl,Peter Mooslechner,Doris Ritzberger-Grünwald
Financial Development Integration and Stability Book PDF

Author : Klaus Liebscher,Josef Christl,Peter Mooslechner,Doris Ritzberger-Grünwald
Publisher : Edward Elgar Publishing
Page : 570 pages
File Size : 50,5 Mb
Release : 2007-01-01
Category : Political Science
ISBN : 9781847203038

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Financial Development, Integration and Stability by Klaus Liebscher,Josef Christl,Peter Mooslechner,Doris Ritzberger-Grünwald Pdf

Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.

Financial Markets in Central and Eastern Europe

Morten Balling,Frank Lierman,Andy Mullineux
Financial Markets in Central and Eastern Europe Book PDF

Author : Morten Balling,Frank Lierman,Andy Mullineux
Publisher : Routledge
Page : 400 pages
File Size : 42,6 Mb
Release : 2004-08-02
Category : Business & Economics
ISBN : 9781134292707

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Financial Markets in Central and Eastern Europe by Morten Balling,Frank Lierman,Andy Mullineux Pdf

The countries of Central and Eastern Europe have been through a profound transition process for more than a decade now. The financial sectors and markets in the region have been subject to major structural reforms including privatization, liberalization and the acquisition by foreign banks of controlling interests in local financial institutions. This important new book includes papers that chart this process. Topics discussed include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.

Central Banking at a Crossroads

Charles Goodhart,Daniela Gabor,Jakob Vestergaard,Ismail Ertürk
Central Banking at a Crossroads Book PDF

Author : Charles Goodhart,Daniela Gabor,Jakob Vestergaard,Ismail Ertürk
Publisher : Anthem Press
Page : 292 pages
File Size : 47,5 Mb
Release : 2014-12-01
Category : Business & Economics
ISBN : 9781783083602

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Central Banking at a Crossroads by Charles Goodhart,Daniela Gabor,Jakob Vestergaard,Ismail Ertürk Pdf

This book reflects on the innovations that central banks have introduced since the 2008 collapse of Lehman Brothers to improve their modes of intervention, regulation and resolution of financial markets and financial institutions. Authors from both academia and policy circles explore these innovations through four approaches: ‘Bank Capital Regulation’ examines the Basel III agreement; ‘Bank Resolution’ focuses on effective regimes for regulating and resolving ailing banks; ‘Central Banking with Collateral-Based Finance’ develops thought on the challenges that market-based finance pose for the conduct of central banking; and ‘Where Next for Central Banking’ examines the trajectory of central banking and its new, central role in sustaining capitalism.

From Fragmentation to Financial Integration in Europe

Mr.Charles Enoch,Mr.Luc Everaert,Mr.Thierry Tressel,Ms.Jianping Zhou
From Fragmentation to Financial Integration in Europe Book PDF

Author : Mr.Charles Enoch,Mr.Luc Everaert,Mr.Thierry Tressel,Ms.Jianping Zhou
Publisher : International Monetary Fund
Page : 524 pages
File Size : 51,5 Mb
Release : 2013-12-11
Category : Business & Economics
ISBN : 9781484387665

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From Fragmentation to Financial Integration in Europe by Mr.Charles Enoch,Mr.Luc Everaert,Mr.Thierry Tressel,Ms.Jianping Zhou Pdf

From Fragmentation to Financial Integration in Europe is a comprehensive study of the European Union financial system. It provides an overview of the issues central to securing a safer financial system for the European Union and looks at the responses to the global financial crisis, both at the macro level—the pendulum of financial integration and fragmentation—and at the micro level—the institutional reforms that are taking place to address the crisis. The emerging financial sector management infrastructure, including the proposed Single Supervisory Mechanism and other elements of a banking union for the euro area, are also discussed in detail.

Open Issues in European Central Banking

L. Smaghi,D. Gros
Open Issues in European Central Banking Book PDF

Author : L. Smaghi,D. Gros
Publisher : Springer
Page : 209 pages
File Size : 54,6 Mb
Release : 2000-01-04
Category : Business & Economics
ISBN : 9780333981887

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Open Issues in European Central Banking by L. Smaghi,D. Gros Pdf

With the start of EMU, the Eurosystem has taken over monetary policy for the 11 countries of the Euro-area. But the division of powers within the Eurosystem, between the European Central Bank and the constituent National Central Banks, is not satisfactory. This volume provides an analysis of the strengths and weaknesses of the Eurosystem and offers concrete proposals concerning the decision-making organs, balance sheets and the distribution of seigniorage.

Financial Regulation in the European Union After the Crisis

Domenica Tropeano
Financial Regulation in the European Union After the Crisis Book PDF

Author : Domenica Tropeano
Publisher : Routledge
Page : 179 pages
File Size : 50,8 Mb
Release : 2018-01-12
Category : Business & Economics
ISBN : 9781317211433

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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.

Banking in Europe

Mariarosa Borroni,Simone Rossi
Banking in Europe Book PDF

Author : Mariarosa Borroni,Simone Rossi
Publisher : Springer
Page : 118 pages
File Size : 50,8 Mb
Release : 2019-04-09
Category : Business & Economics
ISBN : 9783030150136

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Banking in Europe by Mariarosa Borroni,Simone Rossi Pdf

This Palgrave Pivot provides a comprehensive overview of the dynamics that are affecting the profitability of European banks since the recent crisis period. More specifically, it sheds light on the most crucial changes in profit generation and on the consequential changes in banking strategies due to fiercer competition, reduced margin and changing regulation. The work is divided in four main parts. The first section introduces the changes in bank management policies, considering the periods before and since the crisis. In the second section, the authors review the literature on bank profitability and outline the main determinants of profit generation, and in the third section they provide a cross-country analysis of profitability for a wide sample of European banks during the great financial crisis. In the last section, the authors discuss the results of the quantitative analysis under the new regulatory and competitive framework that is progressively affecting the banking sector (fintech, Basel regulations, etc.). This book will be of interest to academics, researchers and students of European banking.

Responsibility of Central Banks for Stability in Financial Markets

Mr.Garry J. Schinasi
Responsibility of Central Banks for Stability in Financial Markets Book PDF

Author : Mr.Garry J. Schinasi
Publisher : International Monetary Fund
Page : 19 pages
File Size : 45,5 Mb
Release : 2003-06-01
Category : Business & Economics
ISBN : 9781451854404

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Responsibility of Central Banks for Stability in Financial Markets by Mr.Garry J. Schinasi Pdf

What is the role of central banks in ensuring financial stability? This paper addresses this controversial subject, in part by drawing on the experiences in Europe, Japan, and the United States, and by examining four questions. What is meant by financial stability? Do central banks have a natural role in ensuring financial stability? What does a central bank need to execute this role effectively? How far have central banks actually gone in safeguarding financial stability? The experience drawn on in the paper suggest that central banks: have a natural role to play; at times may require supervisory information to execute this natural role; and have incurred risks to their balance sheets to ensure financial stability.

The Role of Financial Stability in EU Law and Policy

Gianni Lo Schiavo
The Role of Financial Stability in EU Law and Policy Book PDF

Author : Gianni Lo Schiavo
Publisher : Kluwer Law International B.V.
Page : 328 pages
File Size : 52,9 Mb
Release : 2016-04-24
Category : Law
ISBN : 9789041186126

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The Role of Financial Stability in EU Law and Policy by Gianni Lo Schiavo Pdf

Since the outbreak of the 2008 financial crisis, European Union (EU) institutions and Member States have engaged in a major effort to repair the architecture of economic governance of the European Economic and Monetary Union (EMU). This book takes as its starting point the unclear notion of financial stability, which only recently has received a more detailed legal analysis. It examines the evolution of the concept of financial stability during the financial crisis and provides a conceptual framework in order to demonstrate that financial stability has become a foundational objective in Europe and has set a new normative framework in EU law and policy. Arguing that financial stability is a foundational objective in EU law and policy based on certain normative instruments, this ground-breaking book provides an in-depth and original understanding of the newly developed framework to attain supranational financial stability. In its analysis of the legal implications of these new instruments, the study examines topics and issues such as the following: - the concept and normative instruments of financial stability at European level; - the renewed economic governance in Europe; - the financial assistance mechanisms developed in Europe; - the new regulatory environment for banks at European level; - the Single Supervisory Mechanism and the role of the European Central Bank (ECB) therein; and - the new framework for banking resolution, with specific focus on the Single Resolution Mechanism. The author shows in detail how an appropriate level of supranational regulation, supervision, burden-sharing and rescue measures strengthen financial stability. Thereby, the book will appeal to officials in EU institutions and agencies as well as lawyers and academics in EU law and in banking/financial law to gain a clear understanding of role of financial stability and its normative instruments in EU law and policy. Gianni Lo Schiavo is currently working as a lawyer at the ECB. He obtained a PhD in EU Law at King's College, London, and has written numerous articles and chapters in EU administrative law, EU financial/banking law and EU competition law.

The Role of Central Banks in Financial Stability

Douglas Darrell Evanoff
The Role of Central Banks in Financial Stability Book PDF

Author : Douglas Darrell Evanoff
Publisher : World Scientific
Page : 462 pages
File Size : 53,5 Mb
Release : 2014
Category : Business & Economics
ISBN : 9789814449922

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The Role of Central Banks in Financial Stability by Douglas Darrell Evanoff Pdf

The two most topical issues in current financial markets deal with the causes of the recent financial crisis and the means to prevent future crises. This book addresses the latter and stresses a major shift in most countries toward a better understanding of financial stability and how it can be achieved. In particular, the papers in this volume examine the recent change in emphasis at central banks with regard to financial stability. For example: What were the cross-country differences in emphasis on financial stability in the past Did these differences appear to affect the extent of the adverse impact of the financial crisis on individual countries What are perceived to be the major future threats to financial stability These and related issues are discussed in the book by well-known experts in the field OCo some of the best minds in the world pursuing financial stability. Following the global financial crisis, significant reforms have been initiated in many countries to address financial stability more directly, frequently focusing on macroprudential policy frameworks in which central banks play a more active role."

One Money, Many Countries

Carlo A. Favero
One Money Many Countries Book PDF

Author : Carlo A. Favero
Publisher : Centre for Economic Policy Research
Page : 96 pages
File Size : 42,6 Mb
Release : 2000
Category : Business & Economics
ISBN : 189812843X

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One Money, Many Countries by Carlo A. Favero Pdf

This second major report in the Monitoring European Central Bank series provides a detailed analysis of the European Central Bank's actions and alerts the public to the main issues raised by the policies pursued by the ECB during its first year.

Financial Sector Evolution in the Central European Economies

Nancy L. Wagner,Dora M. Iakova
Financial Sector Evolution in the Central European Economies Book PDF

Author : Nancy L. Wagner,Dora M. Iakova
Publisher : International Monetary Fund
Page : 74 pages
File Size : 47,6 Mb
Release : 2001-09
Category : Business & Economics
ISBN : UCSD:31822031306293

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Financial Sector Evolution in the Central European Economies by Nancy L. Wagner,Dora M. Iakova Pdf

This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an assessment of remaining challenges, with a focus on the role of the financial sector in supporting macroeconomic stability and sustainable growth.

Central Banking and Financial Stability in East Asia

Frank Rövekamp,Moritz Bälz,Hanns Günther Hilpert
Central Banking and Financial Stability in East Asia Book PDF

Author : Frank Rövekamp,Moritz Bälz,Hanns Günther Hilpert
Publisher : Springer
Page : 187 pages
File Size : 42,8 Mb
Release : 2015-06-18
Category : Business & Economics
ISBN : 9783319173801

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Central Banking and Financial Stability in East Asia by Frank Rövekamp,Moritz Bälz,Hanns Günther Hilpert Pdf

This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.