A Political Economy of Banking Supervision
Title | A Political Economy of Banking Supervision PDF eBook |
Author | Damir Odak |
Publisher | Springer Nature |
Pages | 189 |
Release | 2020-06-18 |
Genre | Business & Economics |
ISBN | 3030485471 |
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?
The Political Economy of Bank Regulation in Developing Countries
Title | The Political Economy of Bank Regulation in Developing Countries PDF eBook |
Author | Emily Jones |
Publisher | Oxford University Press |
Pages | 405 |
Release | 2020 |
Genre | Political Science |
ISBN | 019884199X |
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.
The Political Economy of Financial Regulation
Title | The Political Economy of Financial Regulation PDF eBook |
Author | Emilios Avgouleas |
Publisher | Cambridge University Press |
Pages | 531 |
Release | 2019-01-31 |
Genre | Law |
ISBN | 1108578403 |
This collection of cutting-edge scholarship examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research. The book's authors range from global leaders to rising stars in the field, all of whom shed light on complex questions of financial sector regulation theory and practice in key economies ranging from the EU to China. Key topics include the role of law in constituting financial markets, the efficiency of markets, the role of interest groups in shaping financial regulation, the interdependence and interactions of international financial regulation with international trade and monetary regimes, and problems of regulation in state capitalism economies. This exciting volume opens the road for further enrichment of the academic and policy-making dialogue on financial regulation and regulatory practice, and reflects new trends in legal and social-science scholarship.
Financial Stability Policy in the Euro Zone
Title | Financial Stability Policy in the Euro Zone PDF eBook |
Author | Gundbert Scherf |
Publisher | Springer Science & Business Media |
Pages | 273 |
Release | 2013-06-17 |
Genre | Business & Economics |
ISBN | 3658009837 |
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.
Global Governance and Regulatory Failure
Title | Global Governance and Regulatory Failure PDF eBook |
Author | R. Goldbach |
Publisher | Springer |
Pages | 286 |
Release | 2015-06-29 |
Genre | Political Science |
ISBN | 1137500034 |
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.
Global Governance and Regulatory Failure
Title | Global Governance and Regulatory Failure PDF eBook |
Author | R. Goldbach |
Publisher | Palgrave Macmillan |
Pages | 271 |
Release | 2014-01-14 |
Genre | Political Science |
ISBN | 9781349698707 |
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.
Optimal Prudential Regulation of Banks and the Political Economy of Supervision
Title | Optimal Prudential Regulation of Banks and the Political Economy of Supervision PDF eBook |
Author | Mr.Thierry Tressel |
Publisher | International Monetary Fund |
Pages | 61 |
Release | 2014-05-28 |
Genre | Business & Economics |
ISBN | 1498338550 |
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.