Banks on the Brink

Global Capital, Securities Markets, and the Political Roots of Financial Crises

AvMark Copelovitch,David A. Singer

Inbunden, Engelska, 2020

Del i serien Political Economy of Institutions and Decisions

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Beskrivning

This innovative analysis investigates a complex issue of tremendous economic and political importance: what makes some countries vulnerable to banking crises, while others emerge unscathed? Banks on the Brink explains why some countries are more vulnerable to banking crises than others. Copelovitch and Singer highlight the effects of two variables in combination: foreign capital inflows and the relative prominence of securities markets in the domestic financial system. Foreign capital is the fuel for banks' potentially dangerous behavior, and banks are more likely to take on excessive risks when operating in a financial system with large securities markets. The book analyzes over thirty years of data and provides historical case studies of two key countries, Canada and Germany, each of which explores how political decisions in the 19th and early-20th centuries continue to affect financial stability today. The analyses in this book have crucial policy implications, identifying potential regulations and policies that can work to protect banking systems against future crises.

Produktinformation

Utgivningsdatum:2020-02-20
Mått:159 x 235 x 19 mm
Vikt:490 g
Format:Inbunden
Språk:Engelska
Serie:Political Economy of Institutions and Decisions
Antal sidor:252
Förlag:Cambridge University Press
ISBN:9781108489881

Utforska kategorier

Ekonomisk politik inom Ekonomi och Ledarskap
Finansiering inom Ekonomi och Ledarskap
Finanskriser inom Ekonomi och Ledarskap

Mer om författaren

Mark Copelovitch is Professor of Political Science and Public Affairs at the University of Wisconsin – Madison. He is author of The International Monetary Fund in the Global Economy: Banks, Bonds, and Bailouts. David A. Singer is Professor of Political Science at the Massachusetts Institute of Technology. He is author of Regulating Capital: Setting Standards for the International Financial System.

Recensioner i media

'This book is really interesting, and potentially very important for our understanding of crises and for public policy. Copelovitch and Singer advance a thesis that is quite different, and considerably more subtle, than the standard accounts of why legislators tolerate fragile financial systems. This survives its own tests. I hope others pick up the challenge.' Paul Tucker, Harvard University

Innehållsförteckning

1. The politics and economics of financial instability; 2. Banking crises, capital flows, and financial market structure; 3. Capital inflows, market structure, and banking crises: empirical evidence; 4. O Canada? Unraveling the mystery of Canadian bank stability; 5. Finanzplatz Deutschland: German bank stability and its decline; 6. Policy responses: what to do (and not to do) about financial instability.