Competition and Stability in Banking
Competition and Stability in Banking

Author: Xavier Vives

Publisher: Princeton University Press

Published: 2020-11-03

Total Pages: 344

ISBN-13: 0691210039

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A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007–2009, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe and the United States, as well as in emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.

Algorithms to Live By
Algorithms to Live By

Author: Brian Christian

Publisher: Macmillan

Published: 2016-04-19

Total Pages: 366

ISBN-13: 1627790365

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'Algorithms to Live By' looks at the simple, precise algorithms that computers use to solve the complex 'human' problems that we face, and discovers what they can tell us about the nature and origin of the mind.

Institutional Diversity in Banking
Institutional Diversity in Banking

Author: Ewa Miklaszewska

Publisher: Springer

Published: 2016-12-20

Total Pages: 310

ISBN-13: 3319420739

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This book offers a comparative analysis of how post-crisis restructuring has affected the evolution and prospects of small, locally-oriented banks. The discussion focuses specifically on “small” European countries; that is, countries with diversified banking systems, with a strong presence of cooperative and other forms of local banks. Such countries include highly developed economies like Italy and emerging European economies, such as Poland. The authors stress the unique importance of local banks in generating credit for both households and firms, and hence in contributing to overall economic growth. Chapters cohere around the argument that although smaller banks fared better than their larger counterparts the recent financial crisis, they have been directly and indirectly discriminated against in post-crisis restructuring schemes, and, as such, face many operational and strategic challenges today. The contributors are a distinguished group of researchers with expert knowledge of the competitive positions of and opportunities for locally oriented banks, who combine theoretical and empirical perspectives on these topics.

Falling In Love, Staying In Love
Falling In Love, Staying In Love

Author: Malcolm Stern

Publisher: Piatkus

Published: 2014-07-09

Total Pages: 199

ISBN-13: 0349406294

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In these difficult and challenging times we are asking more from our relationships than ever before. To build strong, lasting relationships, we need a new set of skills. Falling in Love, Staying in Love is a powerful and moving examination of relationships and how to make them work. Using real-life examples, it explores love's uncharted territory in order to help us find our way into successful intimate relationships. Learn how to: Express your emotions; Improve your self-esteem; Develop your sexuality; Manage and resolve conflict; Live with passion and integrity; Use relationships as a tool for transformation and growth.

Avoid a Fall Or Fly Again: Turning Points of State Fragility
Avoid a Fall Or Fly Again: Turning Points of State Fragility

Author: Olusegun Ayodele Akanbi

Publisher: International Monetary Fund

Published: 2021-05-06

Total Pages: 48

ISBN-13: 1513573683

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High persistence of state fragility (a fragility trap) suggests the presence of substantial benefits from avoiding a fall into fragility and considerable hurdles to successful exit from fragility. This paper empirically examines the factors that affect the turning points of entering and exiting from state fragility by employing three different approaches: an event study, the synthetic control method, and a logit model. We find that avoiding economic contraction is critical to prevent a country on the brink of fragility from falling into fragility (e.g., among near fragile countries, the probability of entering fragility would rise by 40 percentage points should real GDP per capita growth decline from +2.5 percent to -2.5 percent). Also, strengthening government effectiveness together with increasing political inclusion and maintaining robust economic activity should help make exit from fragility more successful and sustainable. In the current environment (the COVID-19 crisis and its aftermath), the findings suggest the importance of providing well-directed fiscal stimulus with sufficient financing, (subject to appropriate governance safeguards and well-designed policies), and protecting critical socio-economic spending to keep vulnerable countries away from being caught in a fragility trap.

The Last Drop Of Living
The Last Drop Of Living

Author: Robert Lee

Publisher: Robert Lee

Published: 2011-02-11

Total Pages: 121

ISBN-13: 1458148009

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"The Last Drop of Living: A Minimalist's Guide to Living the High Life on a Low Budget" offers a unique perspective on the concept that minimalism requires self-denial and deprivation. Indeed, after reading this book, you undoubtedly will be inspired to adopt this simple, yet elegant way of experiencing life. Minimal living is not about doing without. It is about savouring everything greedily, while walking gently through your world. This book opens up an exciting doorway into getting the most out of your life, your way, with a 15-step guide to "going minimal." Packed with anecdotes and often humourous incidents, The Last Drop of Living is not only a pleasurable reading experience, but a roadmap to a fulfilling way to decrease the commonplace stresses in your life. Bonus chapters on yurts, barebones business, wildcrafting, energy simplicity, sustainability and minimalist vacation options provide extraordinary value beyond the invigorating discussions on minimalist strategies.

The Turning Point
The Turning Point

Author: Peter Anekwe

Publisher: Lulu.com

Published: 2017-04-25

Total Pages: 206

ISBN-13: 1365857255

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It was an inside job that went of like as planned. In and out with no problem. Kev promised himself that was it-he was going legit, take care of his family and become a business man. Enter Frankie who is out to get revenge on whoever took him off. His gut feeling tells him his girl Sheena and her friend Lydia are involved. When Kev learns that Lydia was paid a visit by Frankie, he finds that he must enter back into the world of criminality, not just to save Lydia but to protect his family as Frankie somehow begins to close around his loved ones while he's trying to be a good role model to his girl's children. When his girl kicks him out, Kev begins to question himself. The Turning Point is a story of love, loyalty, sacrifice, action, drama, and suspense that keeps you wanting to read more.

Bank Liquidity Creation and Financial Crises
Bank Liquidity Creation and Financial Crises

Author: Allen N. Berger

Publisher: Academic Press

Published: 2015-11-24

Total Pages: 296

ISBN-13: 0128005319

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Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and policy interest that can be easily understood by readers with no advanced or specialized industry knowledge. Authors Allen Berger and Christa Bouwman examine ways to measure bank liquidity creation, how much liquidity banks create in different countries, the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, the effects of bailouts, and much more. They also analyze bank liquidity creation in the US over the past three decades during both normal times and financial crises. Narrowing the gap between the "academic world" (focused on theories) and the "practitioner world" (dedicated to solving real-world problems), this book is a helpful new tool for evaluating a bank's performance over time and comparing it to its peer group. - Explains that bank liquidity creation is a more comprehensive measure of a bank's output than traditional measures and can also be used to measure bank liquidity - Describes how high levels of bank liquidity creation may cause or predict future financial crises - Addresses questions of research and policy interest related to bank liquidity creation around the world and provides links to websites with data and other materials to address these questions - Includes such hot-button topics as the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, and the effects of bailouts

Banking Integration and Financial Crisis
Banking Integration and Financial Crisis

Author: Iván Arribas Fernández

Publisher: Fundacion BBVA

Published: 2015-12-03

Total Pages: 207

ISBN-13: 8492937602

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La integración financiera, y del sistema bancaria en particular, han sido objeto de atención durante más de treinta años entre académicos, decisores políticos y técnicos del sector. Aunque varios factores incidan en esta tendencia ascendente, existe bastante consenso respecto a las ventajas de la integración, que son diversas y sustanciales. Sin embargo, la crisis financiera de 2007-2008 ha puesto en cuestión su expansión, dando lugar a una mayor diversidad de opiniones sobre el impacto global de una integración financiera y bancaria reforzada. En los cinco capítulos del libro se analiza de qué forma la reciente crisis financiera internacional ha contribuido a relanzar el debate sobre los posibles beneficios o riesgos de la integración financiera, considerando no solo los diferentes aspectos del tema sino las múltiples maneras de acercarse a ello. Los dos primeros capítulos analizan, para el caso español, el efecto de la expansión del mercado bancario cuando lleva parejo exposición al riesgo y desequilibrios de liquidez, así como el papel ejercido por la titulización antes de y durante las crisis. El tercer capítulo presenta nuevas medidas de integración bancaria para examinar la relación entre el grado de integración y el alcance de las crisis, mientras que los capítulos restantes emplean modelos teóricos para explicar los origines del contagio y del riesgo sistémico así como el efecto y la propagación de la caída de un banco a lo largo del sector. En el libro colaboran académicos de reconocido prestigio internacional en los campos contemplados. Estos van desde banca en general donde Santiago Carbó (Bangor Business School), Alfredo Martín (U. de las Islas Baleares), Francisco Rodríguez (U. Granada) and Emili Tortosa (U. Jaume I e Ivie) han publicado extensamente, hasta análisis de redes (sobre todo desde la perspectiva financiera), campo en el que Matteo Chinazzi y Giorgio Fagiolo (Sant’Anna School of Advanced Studies), Thomas Lux (U. Kiel, Kiel Inst. for the World Economy y U. Jaume I), Mattia Montagna (European Central Bank) e Iván Arribas (U. Valencia, ERICES e Ivie) han realizado aportaciones importantes.

Corporate Finance and Financial Development
Corporate Finance and Financial Development

Author: Shame Mugova

Publisher: Springer Nature

Published: 2022-07-08

Total Pages: 216

ISBN-13: 3031049802

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This book addresses key issues in corporate finance and explores them from financial development and financial stability perspectives in emerging markets. Emerging economies are susceptible to rapidly changing financial sectors and products as well as financial upheavals. In this light, the growing interdependence of states and capital markets, and the risk of crises have an impact on the financing of firms. The chapters in this book highlight how companies and policies in emerging markets are affected and deal with the current post-crisis world. By combining academic and industry insights, the critical issues in corporate finance, financial development, and the preparedness of emerging markets are explored.