A Political Economy of Banking Supervision: Missing a Chance
Autor Damir Odaken Limba Engleză Paperback – 20 iun 2021
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?
| Toate formatele și edițiile | Preț | Express |
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| Paperback (1) | 569.27 lei 6-8 săpt. | |
| Springer International Publishing – 20 iun 2021 | 569.27 lei 6-8 săpt. | |
| Hardback (1) | 575.41 lei 6-8 săpt. | |
| Springer International Publishing – 19 iun 2020 | 575.41 lei 6-8 săpt. |
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Specificații
ISBN-13: 9783030485498
ISBN-10: 3030485498
Pagini: 181
Ilustrații: XII, 181 p. 14 illus.
Dimensiuni: 155 x 235 mm
Greutate: 0.28 kg
Ediția:1st ed. 2020
Editura: Springer International Publishing
Colecția Springer
Locul publicării:Cham, Switzerland
ISBN-10: 3030485498
Pagini: 181
Ilustrații: XII, 181 p. 14 illus.
Dimensiuni: 155 x 235 mm
Greutate: 0.28 kg
Ediția:1st ed. 2020
Editura: Springer International Publishing
Colecția Springer
Locul publicării:Cham, Switzerland
Cuprins
why banks must be supervised?.- How that all come to be?.- Big Depression – events forcing the regulator’s hand.- Great recession- the ugly daughter of deregulation.- The asymmetry.- How can supervision prevent financial crises?
Notă biografică
Damir Odak served as a Vice-Governor of the Croatian National Bank, where he contributed to financial stability during the most prolonged recession in the EU. He also participated in the development of EU regulations as a member of the European Banking Authority (EBA) Board of Supervisors.
Odak has worked as a CEO and board member for 22 years, and successfully managed three banks during major restructuring periods, including bank acquisitions (domestic and international), mergers, significant portfolio clean-ups and the establishment of a bank.
Textul de pe ultima copertă
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?
Caracteristici
Presents finance as a source of risks Proposes a simplified regulatory framework Explains why is it important to maintain tight supervision of the banks