Money, Bank Credit, and Economic Cycles
Author: Jesús Huerta de Soto
Publisher: Ludwig von Mises Institute
Published: 2006
Total Pages: 938
ISBN-13: 1610163885
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The End of Banking
Author: Jonathan McMillan
Publisher: Zero/One Economics Gmbh
Published: 2014
Total Pages: 248
ISBN-13: 9783952438503
DOWNLOAD EBOOKIn this thought-provoking book, Jonathan McMillan dissects banking to reveal its inner workings. He cuts through the complexity of modern finance and explains how banking almost crashed our financial system. Banking is broken, and McMillan reveals why we can no longer fix it. The digital revolution turns out to be the game changer that calls for the end of banking. But McMillan refrains from merely pointing out flaws. Building on economic research and a rigorous analytical approach, he goes on to provide an innovative blueprint for a modern financial system. The End of Banking transforms our understanding of the financial system. It identifies the root cause of today's problems with banking and presents a solution that stands out against existing reform proposals.
Money, Credit, and Crises
Author: Nektarios Michail
Publisher: Springer Nature
Published: 2021-01-25
Total Pages: 257
ISBN-13: 3030643840
DOWNLOAD EBOOKWhile paramount to the modern economy, understanding how the banking system works has been usually cast aside from overall economic education. Even in the aftermath of the recent financial crisis, which has underlined the vital importance of banking in the economy, the workings of the sector remain a black box. To this end, this book provides a comprehensive and easy to read review of the banking sector, covering all issues related to commercial and investment banking and providing experienced as well as non-expert readers the opportunity to expand their knowledge on these topics. After going through the book, readers have the opportunity to gain a deeper knowledge regarding the commercial and investment functions of the banking sector and the ability to evaluate the potential outcome of policy actions.
Fragile by Design
Author: Charles W. Calomiris
Publisher: Princeton University Press
Published: 2015-08-04
Total Pages: 584
ISBN-13: 0691168350
DOWNLOAD EBOOKWhy stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
Finance & Development, March 2012
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
Published: 2012-03-14
Total Pages: 60
ISBN-13: 1451922140
DOWNLOAD EBOOKYoung people, hardest hit by the global economic downturn, are speaking out and demanding change. F&D looks at the need to urgently address the challenges facing youth and create opportunities for them. Harvard professor David Bloom lays out the scope of the problem and emphasizes the importance of listening to young people in "Youth in the Balance." "Making the Grade" looks at how to teach today's young people what they need to get jobs. IMF Deputy Managing Director, Nemat Shafik shares her take on the social and economic consequences of youth unemployment in our "Straight Talk" column. "Scarred Generation" looks at the effects the global economic crisis had on young workers in advanced economies, and we hear directly from young people across the globe in "Voices of Youth." Renminbi's rise, financial system regulation, and boosting GDP by empowering women. Also in the magazine, we examine the rise of the Chinese currency, look at the role of the credit rating agencies, discuss how to boost the empowerment of women, and present our primer on macroprudential regulation, seen as increasingly important to financial stability. People in economics - C. Fred Bergsten, American Globalist. Back to basics - The multi-dimensional role of banks in our financial systems.
The Global Findex Database 2017
Author: Asli Demirguc-Kunt
Publisher: World Bank Publications
Published: 2018-04-19
Total Pages: 228
ISBN-13: 1464812683
DOWNLOAD EBOOKIn 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Revisiting Risk-Weighted Assets
Author: Vanessa Le Leslé
Publisher: International Monetary Fund
Published: 2012-03-01
Total Pages: 50
ISBN-13: 1475502656
DOWNLOAD EBOOKIn this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these calculations, drawing upon a sample of systemically important banks from Europe, North America, and Asia Pacific. We then discuss a range of policy options that could be explored to fix the actual and perceived problems with RWAs, and improve the use of risk-sensitive capital ratios.
Banking Strategy, Credit Appraisal, and Lending Decisions
Author: Hrishikesh Bhattacharya
Publisher: Oxford University Press
Published: 2011-10-03
Total Pages: 711
ISBN-13: 019908856X
DOWNLOAD EBOOKThis book provides a thorough analysis of capital strategies, asset–liabilities management, and lending strategies within the overall framework of a lending organization. It presents methadologies for risk analysis, credit appraisal, and lending decisions with specific examples. Taking into account recent global developments, this revised edition includes three new chapters which discuss the impact of capital regulation on the risk attiude and profitability of banks, strategies to protect banks from a liquidity crisis, and the need for a portfolio approach in developing models for credit exposure and loan management within a risk–return framework. Using real life examples and case studies, this book imparts students and prefessionals wih required skills to manage finance and credit in banking and related fields in the financial sector. It is essential reading for researchers, aspiring and practising chartered accountants, bankers, financial analysts, and credit managers.
The Known, the Unknown, and the Unknowable in Financial Risk Management
Author: Francis X. Diebold
Publisher: Princeton University Press
Published: 2010-05-09
Total Pages: 392
ISBN-13: 0691128839
DOWNLOAD EBOOKA clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called KuU --the K nown, the u nknown, and the U nknowable--that enables one to conceptualize the different kinds of financial risks and design effective strategies for managing them. Bringing together contributions by leaders in finance and economics, this book pushes toward robustifying policies, portfolios, contracts, and organizations to a wide variety of KuU risks. Along the way, the strengths and limitations of "quantitative" risk management are revealed. In addition to the editors, the contributors are Ashok Bardhan, Dan Borge, Charles N. Bralver, Riccardo Colacito, Robert H. Edelstein, Robert F. Engle, Charles A. E. Goodhart, Clive W. J. Granger, Paul R. Kleindorfer, Donald L. Kohn, Howard Kunreuther, Andrew Kuritzkes, Robert H. Litzenberger, Benoit B. Mandelbrot, David M. Modest, Alex Muermann, Mark V. Pauly, Til Schuermann, Kenneth E. Scott, Nassim Nicholas Taleb, and Richard J. Zeckhauser. Introduces a new risk-management paradigm Features contributions by leaders in finance and economics Demonstrates how "killer risks" are often more economic than statistical, and crucially linked to incentives Shows how to invest and design policies amid financial uncertainty
The Mathematics of Banking and Credit
Author: Houghton Mifflin Harcourt
Publisher: Consumer Math
Published: 2011-08
Total Pages: 0
ISBN-13: 9780547625614
DOWNLOAD EBOOKThis very practical series will help adolescents and adults alike to understand mathematics as it relates to their everyday lives. Each book covers basic math concepts and skills before exploring the more specific topics. Clear explanations are followed by ample practice. Each section also has a pretest, a section review, and posttest.
