Financial Systems In Troubled Waters

Financial Systems In Troubled Waters Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Financial Systems In Troubled Waters book. This book definitely worth reading, it is an incredibly well-written.

Financial Systems in Troubled Waters

Alessandro Carretta,Gianluca Mattarocci
Financial Systems in Troubled Waters Book PDF

Author : Alessandro Carretta,Gianluca Mattarocci
Publisher : Routledge
Page : 342 pages
File Size : 49,5 Mb
Release : 2013-05-07
Category : Business & Economics
ISBN : 9781136232237

Get Book

Financial Systems in Troubled Waters by Alessandro Carretta,Gianluca Mattarocci Pdf

This collection considers the financial crisis from a managerial perspective, focussing on the business implications for the financial industry. Topics examined include governance, information needs and strategy of financial intermediaries and investors. The contributions build on the existing literature and present some unique insights on governance, credit quality evaluation and performance measurement. In a fast growing or steady market, it is possible for even an inefficient financial system to satisfy investors’ and firms’ needs. However, the current financial crisis has brought into sharp relief the limits of the inefficient practices adopted by the market, and made clear the importance of developing more effective governance mechanisms, more detailed and complete information databases and new strategies. The crisis has also brought to the fore issues about the governance of financial intermediaries that had not been previously addressed. These include board diversity, internal monitoring procedures and the existence of interlocking directorates. More broadly, the financial crisis has radically altered the international framework, with an increasingly consolidated financial sector, and the rise of new markets (such as China) that now play a predominant role in the worldwide market. Studies on the competition and on the performance in this new scenario are essential in order to understand the implications of recent events.

Financial Systems in Troubled Waters

Alessandro Carretta,Gianluca Mattarocci
Financial Systems in Troubled Waters Book PDF

Author : Alessandro Carretta,Gianluca Mattarocci
Publisher : Routledge
Page : 393 pages
File Size : 53,6 Mb
Release : 2013-05-07
Category : Business & Economics
ISBN : 9781136232244

Get Book

Financial Systems in Troubled Waters by Alessandro Carretta,Gianluca Mattarocci Pdf

This collection considers the financial crisis from a managerial perspective, focussing on the business implications for the financial industry. Topics examined include governance, information needs and strategy of financial intermediaries and investors. The contributions build on the existing literature and present some unique insights on governance, credit quality evaluation and performance measurement. In a fast growing or steady market, it is possible for even an inefficient financial system to satisfy investors’ and firms’ needs. However, the current financial crisis has brought into sharp relief the limits of the inefficient practices adopted by the market, and made clear the importance of developing more effective governance mechanisms, more detailed and complete information databases and new strategies. The crisis has also brought to the fore issues about the governance of financial intermediaries that had not been previously addressed. These include board diversity, internal monitoring procedures and the existence of interlocking directorates. More broadly, the financial crisis has radically altered the international framework, with an increasingly consolidated financial sector, and the rise of new markets (such as China) that now play a predominant role in the worldwide market. Studies on the competition and on the performance in this new scenario are essential in order to understand the implications of recent events.

Financial Systems

Edwin H. Neave
Financial Systems Book PDF

Author : Edwin H. Neave
Publisher : Routledge
Page : 424 pages
File Size : 54,5 Mb
Release : 2002-01-08
Category : Business & Economics
ISBN : 9781134835911

Get Book

Financial Systems by Edwin H. Neave Pdf

As the world's financial markets become increasingly integrated and competitive Financial Systems: Principals and Organization offers an explanation of how and why change occurs. Data from four major financial systems are used to highlight principal financial system features. There is also a detailed exploration of the economic principles behind financial deals. It also offers: * Wider scope than other books on the subject making it an ideal introductory text * More up-to-date economic explanations * An international overview of US, Pacific and European economies This book has already been adopted by the Canadian Institute of Bankers for its financial systems course offered worldwide. Financial Systems will be invaluable reading for students and professionals alike.

Complexity and Crisis in the Financial System

Matthew Hollow,Folarin Akinbami,Ranald Michie
Complexity and Crisis in the Financial System Book PDF

Author : Matthew Hollow,Folarin Akinbami,Ranald Michie
Publisher : Edward Elgar Publishing
Page : 360 pages
File Size : 41,9 Mb
Release : 2016-01-29
Category : Business & Economics
ISBN : 9781783471331

Get Book

Complexity and Crisis in the Financial System by Matthew Hollow,Folarin Akinbami,Ranald Michie Pdf

What are the long-term causes and consequences of the global financial crisis of 2007–2008? This book offers a fresh perspective on these issues by bringing together a range of academics from law, history, economics and business to look in more depth at the changing relationships between crises and complexity in the US and UK financial markets. The contributors are motivated by three main questions: • Is the present financial system more complex than in the past and, if so, why? • To what extent, and in what ways, does the worldwide financial crisis of 2007–2008 differ from past financial crises? • How can governments, regulators and businesses better manage and deal with increased levels of complexity both in the present and in the future? Students and scholars of finance, economics, history, financial law, banking and international business will find this book to be of interest. It will also be of use to regulators and policymakers involved in the US and UK banking sectors.

The Squam Lake Report

Kenneth R. French,Martin N. Baily,John Y. Campbell,John Cochrane,Douglas W. Diamond,Darrell Duffie,Anil K. Kashyap,Frederic S. Mishkin,Raghuram G. Rajan,David S. Scharfstein,Robert J. Shiller,Hyun Song Shin,Matthew J. Slaughter,Jeremy C. Stein,René M. Stulz
The Squam Lake Report Book PDF

Author : Kenneth R. French,Martin N. Baily,John Y. Campbell,John Cochrane,Douglas W. Diamond,Darrell Duffie,Anil K. Kashyap,Frederic S. Mishkin,Raghuram G. Rajan,David S. Scharfstein,Robert J. Shiller,Hyun Song Shin,Matthew J. Slaughter,Jeremy C. Stein,René M. Stulz
Publisher : Princeton University Press
Page : 182 pages
File Size : 40,7 Mb
Release : 2010-05-25
Category : Business & Economics
ISBN : 9781400835805

Get Book

The Squam Lake Report by Kenneth R. French,Martin N. Baily,John Y. Campbell,John Cochrane,Douglas W. Diamond,Darrell Duffie,Anil K. Kashyap,Frederic S. Mishkin,Raghuram G. Rajan,David S. Scharfstein,Robert J. Shiller,Hyun Song Shin,Matthew J. Slaughter,Jeremy C. Stein,René M. Stulz Pdf

A nonpartisan plan of action for fixing the global economy from fifteen of the world's leading economists In the fall of 2008, fifteen of the world's leading economists—representing the broadest spectrum of economic opinion—gathered at New Hampshire's Squam Lake. Their goal: the mapping of a long-term plan for financial regulation reform. The Squam Lake Report distills the wealth of insights from the ongoing collaboration that began at these meetings and provides a revelatory, unified, and coherent voice for fixing our troubled and damaged financial markets. As an alternative to the patchwork solutions and ideologically charged proposals that have dominated other discussions, the Squam Lake group sets forth a clear nonpartisan plan of action to transform the regulation of financial markets—not just for the current climate—but for generations to come. Arguing that there has been a conflict between financial institutions and society, these diverse experts present sound and transparent prescriptions to reduce this divide. They look at the critical holes in the existing regulatory framework for handling complex financial institutions, retirement savings, and credit default swaps. They offer ideas for new financial instruments designed to recapitalize banks without burdening taxpayers. To lower the risk that large banks will fail, the authors call for higher capital requirements as well as a systemic regulator who is part of the central bank. They collectively analyze where the financial system has failed, and how these weak points should be overhauled. Combining an immense depth of academic, private sector, and public policy experience, The Squam Lake Report contains urgent recommendations that will positively influence everyone's financial well-being—all who care about the world's economic health need to pay attention.

The Global Financial Crisis and the New Monetary Consensus

Marc Pilkington
The Global Financial Crisis and the New Monetary Consensus Book PDF

Author : Marc Pilkington
Publisher : Routledge
Page : 288 pages
File Size : 55,6 Mb
Release : 2013-10-01
Category : Business & Economics
ISBN : 9781134582495

Get Book

The Global Financial Crisis and the New Monetary Consensus by Marc Pilkington Pdf

The Global Financial Crisis has reshuffled the cards for central banks throughout the world. In the wake of the biggest crisis since the Great Depression, this volume traces the evolution of modern central banking over the last fifty years. It takes in the inflationary chaos of the 1970s and the monetarist experiments of the 1980s, eventually leading to the New Monetary Consensus, which took shape in the 1990s and prevailed until 2007. The book then goes on to review the limitations placed on monetary policy in the aftermath of the global meltdown, arguing that the financial crisis has shaken the new monetary consensus. In the aftermath of the worst crisis since the Great Depression, the book investigates the nature of present and future monetary policy. Is the Taylor rule still a satisfactory monetary precept for central bankers? Has the New Monetary Consensus been shaken by the Global Financial Crisis? What are the fundamental issues raised by the latter cataclysmic chain of events? How should central banks conceptualize monetary policy anew in a post-crisis scenario? Existing books have dwelt extensively on the characteristics of the New Monetary Consensus, but few have cast light on its relevance in a post-crisis scenario. This book seeks to fill this gap, drawing on the lessons from five decades of contrasted theoretical approaches ranging from Keynesianism, monetarism, new classical macroeconomics, inflation targeting and more recently, pragmatic global crisis management.

Financial Systems and Economic Growth

Peter L. Rousseau,Paul Wachtel
Financial Systems and Economic Growth Book PDF

Author : Peter L. Rousseau,Paul Wachtel
Publisher : Cambridge University Press
Page : 309 pages
File Size : 41,5 Mb
Release : 2017-09-01
Category : Business & Economics
ISBN : 9781108165877

Get Book

Financial Systems and Economic Growth by Peter L. Rousseau,Paul Wachtel Pdf

Throughout much of the twentieth century, economists paid little heed to the role of financial intermediaries in procuring a beneficial allocation of capital. By the end of the century, however, some financial historians had begun to turn the tide, and the phrase 'finance-growth nexus' became part of the lexicon of modern economics. Recent experience has added another dimension in that countries with broader, deeper and more active financial systems might be prone to financial crises, particularly if regulatory structures are inadequate. In this book, Peter L. Rousseau and Paul Wachtel have gathered together some of today's most distinguished financial historians to examine this finance-growth nexus from both historical and modern perspectives. Some essays examine the nexus in a particular historical or cross-country context. Others, in the light of recent experience, explore the expanded nexus of finance, growth, crises, and regulation.

Reforming the Governance of the Financial Sector

David G. Mayes,Geoffrey E. Wood
Reforming the Governance of the Financial Sector Book PDF

Author : David G. Mayes,Geoffrey E. Wood
Publisher : Routledge
Page : 322 pages
File Size : 53,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780415686846

Get Book

Reforming the Governance of the Financial Sector by David G. Mayes,Geoffrey E. Wood Pdf

This volume argues that good governance is crucial to the success of any regulatory regime, and explores how better governance of the financial sector can be achieved.

Global Finance in Emerging Market Economies

Todd Knoop
Global Finance in Emerging Market Economies Book PDF

Author : Todd Knoop
Publisher : Routledge
Page : 330 pages
File Size : 49,5 Mb
Release : 2013-02-11
Category : Business & Economics
ISBN : 9781135082260

Get Book

Global Finance in Emerging Market Economies by Todd Knoop Pdf

Emerging market economies have accounted for three quarters of world economic growth and more than half of world output over the last decade. But the energy and ideas inherent in emerging economies cannot generate growth by themselves without resources to support them — and first among these resources is money which is needed to purchase the capital and knowhow that turn ideas and initiative into income. How do emerging economies rich in resources other than money get money? This question encapsulates what emerging market finance is all about, and why finance is absolutely crucial to economic development. In emerging countries, most of the population does not have access to bank accounts or financial markets to save or borrow. The result is that many firms cannot get access to financial resources to grow, while households cannot borrow and save in ways that could reduce the riskiness and poverty of their lives. Even those that do have access to formal finance find that credit is unreliable and expensive. These financial failures limit growth and also increase the frequency of costly financial crises. These issues, and many more like them, mean that finance in emerging economies is different and often more complex than the view presented in most textbooks, where finance is only considered from the perspective of wealthy, developed economies. This book addresses this failure by focusing on the important characteristics of financial systems in emerging market economies and their differences from those in developed countries. This book surveys both theoretical and empirical research on finance in emerging economies, as well as reviewing numerous case studies. The final chapters describe and compare financial systems within the four different regions that encompass most emerging economies: Sub-Saharan Africa, the Middle East, Asia, and South America.

New Perspectives on Emotions in Finance

Jocelyn Pixley
New Perspectives on Emotions in Finance Book PDF

Author : Jocelyn Pixley
Publisher : Routledge
Page : 258 pages
File Size : 51,9 Mb
Release : 2012-12-12
Category : Business & Economics
ISBN : 9781136289309

Get Book

New Perspectives on Emotions in Finance by Jocelyn Pixley Pdf

The financial crisis that started in 2007 is a concern for the world. Some countries are in depression and governments are desperately trying to find solutions. In the absence of thorough debate on the emotions of money, bitter disputes, hatred and ‘moralizing’ can be misunderstood. New Perspectives on Emotions in Finance carefully considers emotions often left unacknowledged, in order to explain the socially useful versus de-civilising, destructive, nature of money. This book offers an understanding of money that includes the possible civilising sentiments. This interdisciplinary volume examines what is seemingly an uncontrollable, fragile world of finance and explains the ‘panics’ of traders and ‘immoral panics’ in banking, ‘confidence’ of government and commercial decision makers, ‘shame’ or ‘cynicism’ of investors and asymmetries of ‘impersonal trust’ between finance corporations and their many publics. Money is shown to rely on this abstract trust or ‘faith’, but such motivations are in crisis with ‘angry’ conflicts over the ‘power of disposition’. Restraining influences – on ‘uncivilised emotions’ and rule breaking – need democratic consensus, due to enduring national differences in economic ‘sentiments’ even in ostensibly similar countries. Promising ideas for global reform are assessed from these cautionary interpretations. Instead of one ‘correct’ vision, sociologists in this book argue that corporations and global dependencies are driven by fears and normless sentiments which foster betrayal. This book is not about individuals, but habitus and market crudities. Human ‘nature’ or ‘greed’ cannot describe banks, which do not ‘feel’ because their motivations are not from personal psyches but organisational pressures, and are liable to switch under money’s inevitable uncertainties. This more inclusive social science studies emotions as a crucial factor among others, to expand the informed public debate among policy makers, bankers, academics, students and the public.

Reforming the Governance of the Financial Sector

David Mayes,Geoffrey Wood
Reforming the Governance of the Financial Sector Book PDF

Author : David Mayes,Geoffrey Wood
Publisher : Routledge
Page : 321 pages
File Size : 40,7 Mb
Release : 2012-12-12
Category : Business & Economics
ISBN : 9781136192340

Get Book

Reforming the Governance of the Financial Sector by David Mayes,Geoffrey Wood Pdf

Many financial institutions have in recent years failed – failed either completely, and gone into bankruptcy, or failed in the sense that they have not achieved what their owners or their customers expected them to deliver. This has had significant and adverse effects on customers, taxpayers, shareholders, and sometimes management. There has been much discussion of what should be done about this, and some action has been taken. But has it been the right kind of action? Crises of the sort being experienced are low probability but high impact events. This volume, from an international group of scholars, deals with two main issues: firstly, how can the governance of the financial sector by the authorities be improved and secondly, how can the governance of firms and institutions within the sector be improved to render the probability and cost of future crises lower? Poor governance has been one of the major contributors to the global financial crisis. With better governance of and in the financial sector the financial crisis might well have been avoided altogether and certainly could have been much milder in its impact. This is not simply a case of being wise after the event. These problems were widely discussed before the event, but little action was taken. This book explores not only what the contribution of poor governance was to the crisis and to its depth, but also why it is often difficult to improve governance. The volume offers a positive critique of the measures that are being put in place in the light of the experience of the crisis and suggests how they might plausibly be improved. This book will be of particular interest to students and researchers of economics and international finance, but will also prove profitable reading for practitioners and the interested public.

A New Measure of Competition in the Financial Industry

Jacob Bikker,Michiel van Leuvensteijn
A New Measure of Competition in the Financial Industry Book PDF

Author : Jacob Bikker,Michiel van Leuvensteijn
Publisher : Routledge
Page : 229 pages
File Size : 53,5 Mb
Release : 2014-08-27
Category : Business & Economics
ISBN : 9781136013126

Get Book

A New Measure of Competition in the Financial Industry by Jacob Bikker,Michiel van Leuvensteijn Pdf

The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilising the economy and preventing future financial instability. At this juncture, we are at the last stage of future-proofing the financial sector by raising capital requirements and tightening financial regulation. Now the policy agenda needs to concentrate on transforming the banking sector into an engine for growth. Reviving competition in the banking sector after the state interventions of the past years is a key step in this process. This book introduces and explains a relatively new concept in competition measurement: the performance-conduct-structure (PCS) indicator. The key idea behind this measure is that a firm’s efficiency is more highly rewarded in terms of market share and profit, the stronger competitive pressure is. The book begins by explaining the financial market’s fundamental obstacles to competition presenting a brief survey of the complex relationship between financial stability and competition. The theoretical contributions of Hay and Liu and Boone provide the theoretical underpinning for the PCS indicator, while its application to banking and insurance illustrates its empirical qualities. Finally, this book presents a systematic comparison between the results of this approach and (all) existing methods as applied to 46 countries, over the same sample period. This book presents a comprehensive overview of the knowns and unknowns of financial sector competition for commercial and central bankers, policy-makers, supervisors and academics alike.

Trade Credit and Risk Management

Lucia Gibilaro
Trade Credit and Risk Management Book PDF

Author : Lucia Gibilaro
Publisher : Business Expert Press
Page : 162 pages
File Size : 47,6 Mb
Release : 2018-12-18
Category : Business & Economics
ISBN : 9781949443264

Get Book

Trade Credit and Risk Management by Lucia Gibilaro Pdf

This book offers managers a complete analysis of the various issues of credit risk management for trade credit financing instruments supported by applications to various types of markets and presents an analysis on risks associated with trade credit in supply chains. Trade credit finance is characterized by strong attractiveness deriving from risk mitigation, but the plurality of sources of credit risk (default and dilution risk) requires the implementation of a credit risk management system that exploits the broad knowledge developed by financing supply relationships. Consequently, financiers could be hindered from developing a full understanding of the underwritten risks and are thus unable or only partially able to evaluate their full potential to expand financial relationships over the credit capability of a single counterparty with respect to the supplier–debtor pair. The richness of the information available in trade credit financing is not an obstacle for the development of a modern risk management framework, but it must be calibrated to avoid distortions in the implementation. In addition, risk analysis in the supply chain is not limited to the crises of individual members but must assess the effects of such crisis on the entire supply chain and assess the specific risks of contagion and the favorable conditions for the propagation. This book offers managers a complete analysis of the various issues of credit risk management for trade credit financing instruments supported by applications to various types of markets and presents an analysis on risks associated with trade credit in supply chains.

The Problem with Banks

Lena Rethel,Timothy J. Sinclair
The Problem with Banks Book PDF

Author : Lena Rethel,Timothy J. Sinclair
Publisher : Zed Books Ltd.
Page : 105 pages
File Size : 52,8 Mb
Release : 2012-05-10
Category : Business & Economics
ISBN : 9781848139411

Get Book

The Problem with Banks by Lena Rethel,Timothy J. Sinclair Pdf

Banks of all sorts are troubled institutions. The cost of public bail-outs associated with the subprime crisis in the United States alone may be as high as US$5 trillion. What is the problem with banks? Why do they seem to be at the centre of economic and financial turmoil down through the ages? In this provocative and timely book, Rethel and Sinclair seek answers to these questions, arguing that banks suffer from perennial problems, and that developments in the financial markets and government in recent decades have simply exacerbated these issues. The book examines banking activity in America, Asia and Europe, and how specific historical circumstances have transformed banks' behaviour and attitude to risk. While many see government as a constraint on banks, Sinclair and Rethel argue that what governments do in terms of regulation shapes banks and their motivations, as can be seen in the shortcomings of current reform proposals. Instead, more far-reaching, alternative ways of regulating and shaping banks are needed. A concise, essential overview of a pressing global issue.

Money in Economic Theory

Hasse Ekstedt
Money in Economic Theory Book PDF

Author : Hasse Ekstedt
Publisher : Routledge
Page : 314 pages
File Size : 43,5 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780415697392

Get Book

Money in Economic Theory by Hasse Ekstedt Pdf

This book argues that the treatment of money and monetary matters in economic theory has traditionally been incomplete and inconsistent, and puts forward a new approach both to money and to its role in economic theory.