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Governance of International Banking Dirk Schoenmaker (Professor of Finance, Banking and Insurance, Professor of Finance, Banking and Insurance, VU University Amsterdam)

Governance of International Banking By Dirk Schoenmaker (Professor of Finance, Banking and Insurance, Professor of Finance, Banking and Insurance, VU University Amsterdam)

Summary

Global governance of international banks is breaking down after the Great Financial Crisis, as national regulators are withdrawing on their home turf. New evidence presented illustrates that the global systemically important banks underpin the global financial system. This book offers solutions for the effective governance of global banks.

Governance of International Banking Summary

Governance of International Banking: The Financial Trilemma by Dirk Schoenmaker (Professor of Finance, Banking and Insurance, Professor of Finance, Banking and Insurance, VU University Amsterdam)

In the aftermath of the financial crisis, the business model of international banks is under pressure. Regulators across the world are retrenching to national lines by applying restrictions on cross-border banking. Applying game theory, this book develops a model of the financial trilemma to understand the co-ordination failure among regulators. It also provides governance solutions to overcome this co-ordination failure. The goal is to offer a long-term perspective on international banking for regulators and academics. The book combines academic insights and policy issues.

Governance of International Banking Reviews

Well before the euro crisis, Dirk Schoenmaker was warning us that globalization might undermine financial stability. In this new book he analyzes the complex landscape of modern international banking in terms of a simple unifying concept: the 'trilemma' that financial stability, international financial integration, and autonomous national control over banking policy cannot all coexist. Schoenmaker provides a clear and accessible introduction to the issues that will prove indispensable for students at all levels, for their teachers, for finance professionals, and for policymakers. * Maurice Obstfeld, Professor of Economics, University of California, Berkeley *

About Dirk Schoenmaker (Professor of Finance, Banking and Insurance, Professor of Finance, Banking and Insurance, VU University Amsterdam)

Dean of the Duisenberg School of Finance and Professor of Finance, Banking and Insurance, VU University Amsterdam

Table of Contents

Preface ; Acknowledgments ; List of Figures ; List of Tables ; Abbreviations ; Introduction ; 1 Governance Challenges for Global Finance ; 1.1 Governance Challenges ; 1.2 International Policy Proposals ; 1.3 Conclusion ; 2 The Financial Trilemma: Theory ; 2.1 Policy Coordination ; 2.2 Modelling the Financial Trilemma ; 2.3 Conclusion ; 3 The Rise of International Banking ; 3.1 Strategy and Business Models ; 3.2 Empirical Evidence on International Banking ; 3.3 Financial Safety Net ; 3.4 Conclusion ; 4 Failing the Financial Trilemma ; 4.1 Potential for Conflicts of Interests ; 4.2 Case Studies of International Bank Failures ; 4.3 Conclusion ; 5 Solving the Financial Trilemma ; 5.1 International Coordination ; 5.2 Comparing Coordination Mechanisms ; 5.3 Containing Moral Hazard ; 5.4 No Coordination ; 5.5 Conclusion ; 6 Political Economy ; 6.1 Key Role of Politicians ; 6.2 Position of Supervisors and Banks ; 6.3 Countries Take Different Approaches ; 6.4 Conclusion ; 7 Global Governance ; 7.1 Framework for Governance ; 7.2 European Governance ; 7.3 Global Governance ; 7.4 Conclusion ; Conclusions ; Bibliography ; Index

Additional information

NPB9780199971596
9780199971596
0199971595
Governance of International Banking: The Financial Trilemma by Dirk Schoenmaker (Professor of Finance, Banking and Insurance, Professor of Finance, Banking and Insurance, VU University Amsterdam)
New
Hardback
Oxford University Press Inc
20130425
208
N/A
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