Banking

This Very Short Introduction introduces the reader to the international world of banking. Offering a brief survey of the essential characteristics of the banking and financial systems of both developed and emerging countries and regions, it considers the future of banking after the recent global crises.

Banks are of central importance for economic growth, the allocation of capital, competitiveness, and financial stability. Propelled by technological advances in financial analysis and financial deregulation, the banking industry's investment played a key role in enhancing national economic growth in the early 21st century. The global financial crisis in 2007 revealed the banking world's feet of clay. Since 2007, the turmoil in the global financial system has prompted a fundamental reappraisal of the scale, scope, governance, performance, safety and soundness of banks and other financial institutions. In this Very Short Introduction John Goddard and John Wilson explore the world of banking, describing the role of central banks in national and global economies, and analysing the increasing supervision and regulation imposed on the banking industry. Looking to the future, the authors consider proposals for reform of the banking industry, and the prospects of a resolution of the closely-related banking and sovereign debt crises. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Auteur
John Goddard is Professor of Financial Economics and Deputy Head of Bangor Business School at Bangor University. He has published articles in Journal of Money Credit and Banking, Journal of Banking and Finance, Journal of Forecasting, European Journal of Operational Research and International Journal of Industrial Organization. His books include Industrial Organization: Competition Strategy and Policy (with John Wilson and Dr John Lipczynski) (Pearson, 2013). John Wilson is Professor of Banking and Finance and Director of Research in the Management School at the University of St Andrews. He is also Director of The Centre for Responsible Banking and Finance. His books include European Banking: Efficiency, Technology and Growth (Wiley, 2001) and The Economics of Business Strategy (Prentice Hall, 2003) He co-edited the Oxford Handbook of Banking (with Allen Berger and Phil Molyneux) (OUP, 2009).

Texte du rabat

This Very Short Introduction introduces the reader to the international world of banking. Offering a brief survey of the essential characteristics of the banking and financial systems of both developed and emerging countries and regions, it considers the future of banking after the recent global crises.

Contenu

• 1: What do banks do, and why do we need banks?

• 2: Types of bank and banking service

• 3: Sources of risk in traditional banking

• 4: Sources of risk in securitized banking

• 5: The central bank

• 6: Conduct of monetary policy

• 7: Regulation and supervision of the banking industry

• 8: Origins of the global financial crisis

• 9: The global financial crisis and policy responses

• 10: After the crisis: current policy and regulatory issues

• Further Reading

• Index