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A dictionary of finance and banking
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Year: 2008 Publisher: Oxford Oxford University Press

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Abstract

This guide covers every aspect of the financial world, from international to personal finance, including banking, insurance, stocks & shares, takeovers & mergers, commodities, international trade, and government finance.


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Bank performance : a theoretical and empirical framework for the analysis of profitability, competition and efficiency
Authors: ---
ISBN: 9780415397667 0415397669 9780203030899 0203030893 9781134152506 9781134152452 9781134152490 9780415569613 Year: 2008 Volume: 48 Publisher: London: Routledge,


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La création de valeur dans la banque
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ISBN: 9782711769292 Year: 2008 Publisher: Paris : Vuibert,


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Pillar II in the New Basel Accord : the challenge of economic capital.
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ISBN: 9781906348151 Year: 2008 Publisher: London Risk Publications

Global financial regulation : the essential guide
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ISBN: 9780745643496 0745643493 0745643507 9780745643502 Year: 2008 Publisher: Cambridge: Polity press,


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Banking on Basel : the future of international financial regulation
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ISBN: 1281898058 9786611898052 0881324914 1435692268 9781435692268 9780881324914 6611898050 9781281898050 088132423X 9780881324235 Year: 2008 Publisher: Washington, DC : Peterson Institute for International Economics,

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Abstract

The turmoil in financial markets that resulted from the 2007 subprime mortgage crisis in the United States indicates the need to dramatically transform regulation and supervision of financial institutions. Would these institutions have been sounder if the 2004 Revised Framework on International Convergence of Capital Measurement and Capital Standards (Basel II accord)-negotiated between 1999 and 2004-had already been fully implemented? Basel II represents a dramatic change in capital regulation of large banks in the countries represented on the Basel Committee on Banking Supervision: Its internal ratings-based approaches to capital regulation will allow large banks to use their own credit risk models to set minimum capital requirements. The Basel Committee itself implicitly acknowledged in spring 2008 that the revised framework would not have been adequate to contain the risks exposed by the subprime crisis and needed strengthening. This crisis has highlighted two more basic questions about Basel II: One, is the method of capital regulation incorporated in the revised framework fundamentally misguided? Two, even if the basic Basel II approach has promise as a paradigm for domestic regulation, is the effort at extensive international harmonization of capital rules and supervisory practice useful and appropriate? This book provides the answers. It evaluates Basel II as a bank regulatory paradigm and as an international arrangement, considers some possible alternatives, and recommends significant changes in the arrangement.


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Microeconomics of banking
Authors: ---
ISBN: 9780262062701 0262062704 9786612099526 1282099523 0262273179 1435640721 026230385X 9780262273176 Year: 2008 Publisher: Cambridge: MIT Press,

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The second edition of an essential text on the microeconomic foundations of banking surveys the latest research in banking theory, with new material that covers recent developments in the field. Over the last thirty years, a new paradigm in banking theory has overturned economists' traditional vision of the banking sector. The asymmetric information model, extremely powerful in many areas of economic theory, has proven useful in banking theory both for explaining the role of banks in the economy and for pointing out structural weaknesses in the banking sector that may justify government intervention. In the past, banking courses in most doctoral programs in economics, business, or finance focused either on management or monetary issues and their macroeconomic consequences; a microeconomic theory of banking did not exist because the Arrow-Debreu general equilibrium model of complete contingent markets (the standard reference at the time) was unable to explain the role of banks in the economy. This text provides students with a guide to the microeconomic theory of banking that has emerged since then, examining the main issues and offering the necessary tools for understanding how they have been modeled. This second edition covers the recent dramatic developments in academic research on the microeconomics of banking, with a focus on four important topics: the theory of two-sided markets and its implications for the payment card industry; "non-price competition" and its effect on the competition-stability tradeoff and the entry of new banks; the transmission of monetary policy and the effect on the functioning of the credit market of capital requirements for banks; and the theoretical foundations of banking regulation, which have been clarified, although recent developments in risk modeling have not yet led to a significant parallel development of economic modeling.

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