The Oxford Handbook of Banking

Allen N. Berger is H. Montague Osteen, Jr., Professor in Banking and Finance, Carolina Distinguished Professor, Co-Founder/Co-Director of the Center for Financial Institutions (CFI) at the Darla Moore School of Business, officer of the Financial Intermediation Research Society (FIRS), and 2022 President, affiliated with the Wharton Financial Institutions Center, European Banking Center, and other research centers globally. He serves on editorial boards of eight research journals.Philip Molyneux (1959-2023) was International Visiting Professor and Chair in Banking & Finance at Leeds University. Previous he was he was Head of the College of Business, Education, Law and Social Sciences at Bangor University, and Head of the College of Business, University of Sharjah, UAE. His main area of research was on the structure and efficiency of banking markets and he has published widely in this area. Recent publications appear in the Journal of Money, Credit and Banking, Journal of Financial Intermediation, Journal of Banking & Finance. He has co-written / edited over 35 books and is also the series editor of the Palgrave Macmillan Studies in Banking and Financial Institutions - with over 150 books in the series to date. In the past, Philip has acted as a consultant to: New York Federal Reserve Bank, World Bank, European Commission, UK Treasury; Citibank Private Bank, Barclays Wealth, McKinsey, Credit Suisse, and various other international banks and consulting firms.John Wilson is Professor of Banking & Finance, Head of the Department of Finance, and Director of the Centre for Responsible Banking & Finance at the University of St Andrews. He has held visiting positions to University of Limoges, Helsinki School of Economics and University College Dublin. He has published over 80 articles in journals including the Journal of Banking & Finance, Journal of Money Credit & Banking and the Journal of Corporate Finance. He is the author/co-author of numerous books, including European Banking: Efficiency, Technology and Growth and Banking: A Very Short Introduction. He has written commissioned reports for the Scottish Government, the UK Financial Conduct Authority, and the South African Reserve Bank. He also advised the Irish Government.

Carefully researched and clearly written, this Handbook has become regarded as well-nigh indispensable in enhancing an understanding of banking and the banking industry among a wide readership, which includes academics, legal practitioners and indeed anyone involved professionally with the financial sector.

• 1: Allen N. Berger, Philip Molyneux, John O.S. Wilson: Traditional, New, and Longer-Term Views of Banking In the 21st Century PART I: FUNDAMENTALS OF BANKING 2: Franklin Allen, Elena Carletti, Xian Gu: The Various Roles of Banks in Financial Systems 3: Arnoud W A Boot, Anjan V Thakor: Banks and Financial Markets in a Digital Age: Understanding the Future of Banking in an Increasingly Diffuse Financial System 4: Ross Levine: Banks and Long-Run Economic Prosperity 5: Jens Hagendorff: Executive Compensation, Boards and Governance in Banking 6: Anne Beatty, Michael Iselin, Scott Liao: Financial Accounting & Disclosure in Banking 7: Joe P. Hughes, Loretta J. Mester, Choon-Geol Moon: The Performance of Commercial Banks: Modeling, Evidence, Technological Innovation, and Some Policy Implications PART II: TRADITIONAL AND NEW CHALLENGES TO THE BANKING MODEL 8: Linda Allen, Anthony Saunders, Julapa Jagtiani: Risk Measurement and Management in the New Banking Landscape 9: Denis Davydov, Zuzana Fungacova, Laurent Weill: Bank Liquidity Creation 10: Alex Osberghaus, Hans Degryse, Paola Morales Acevedo, Steven Ongena: Competition in Banking: When Banks Compete with Non-Banks 11: Sebastian Doerr, Jon Frost, Leonardo Gambacorta, Vatsala Shreeti: Big Techs in Finance 12: Annamarie Lusardi, Tim Kaiser: Financial Literacy and Financial Education: An Overview 13: Saniya Ansar, Leora Klapper, Dorothe Singer: Financial Inclusion 14: Ralph De Haas: Sustainable Banking PART III: VARIOUS MODELS FOR DELIVERING BANKING SERVICES 15: John Kandrac, W. Blake Marsh: Community Banking Organizations 16: Donal G. McKillop, Anna L. Sobiech, John O. S. Wilson: Cooperative Banking Organizations 17: Narjess Boubakri, Omrane Guedhami, Xinming Li, Ruiyuan Chen: Islamic Banking during Crises: A Review of the Empirical Literature on Resilience and Stability 18: Barbara Casu, Angela Gallo, Anna Sarkisyan: Shadow Banking and non-bank financial intermediation 19: Lars Norden, Teng Wang: Small Business Lending: Main Trends, Fintech, and the COVID-19 Crisis 20: Andreas Lehnert, Sara Stefan: Real Estate Lending: Choice, Risk Management, And Financial Stability 21: Donghang Zhang, Yafei Zhang, Yijia (Eddie) Zhao: Syndicated Lending: Primary Market Information Production, Non-bank Investors, and the Secondary Loan Market PART IV: REGULATORY AND POLICY PERSPECTIVES 22: Allen Berger, Jose Luis-Peydro, John Sedunov, Alvaro G. Taboada: Systemic Risks, Crises, and Connections of the Real Economy, Banking Sector, and Financial Markets 23: Frederic S. Mishkin, Mike T. Kiley: Central Banking Post Crisis 24: Xavier Freixas, Bruno M. Parigi: The Lender of Last Resort in Today's World 25: Gabriele Galati, Richhild Moessner: Challenges for Macroprudential Policy 26: Iftekhar Hasan, Gene Ambrocio, Akhtar Siddique: Bank Capital Regulation in the Post-Pandemic Era 27: Beverley Hirtle, Lisa Ryu: Revisiting Supervisory Capital Stress Testing 28: Asli Demirguc-Kunt, Deniz Anginer: Deposit Insurance and Market Discipline 29: Raluca A. Roman: Bailouts and Bail-Ins as Responses to Financial and Economic Crises PART V: GLOBAL, REGIONAL AND COUNTRY PERSPECTIVES ON BANKING 30: Claudia Buch, Linda Goldberg: International Banking and Non-Bank Financial Intermediation: Global Liquidity, Regulation, and Implications 31: Tom Schneider, Philip Strahan, Jun Yang: Banking in the United States 32: Michael Koetter, Huyen Nguyen: European Banking in Transformational Times: Regulation, Crises, and Challenges 33: Kinda Hachem: Banking in China 34: Hirofumi Uchida, Gregory F. Udell: Banking in Japan: A Post COVID-19 Pandemic Perspective 35: Thorsten Beck, Robert Cull, Patricio Valenzuela, Davide Salvatore Mare: Banking in Africa: Opportunities and Challenges in Volatile Times 36: Fariborz Moshirian, Eliza Wu: Banking in Australia and New Zealand: Resilient Banking Down Under 37: Andrew Powell, Arturo J. Galindo: Banking Systems in Latin America and the Caribbean 38: Allen N. Berger, Philip Molyneux, John O.S. Wilson: Banking in the First Quarter of the 21st Century in Historical Perspective