This study examines the current state of banking within Europe. It describes how banks are experiencing greater deregulation, allowing for stronger competition and a more restrictive regulation of supervision. This has led to corporate restructuring within
Financial Innovation Philip Molyneux and Nidal Shamroukh Over the past twenty years there has been a massive increase in the development of new financial instruments, many of which have been off-balance-sheet activities. These instruments have become increasingly complex, placing higher demand on both the purchasers and the creators of such instruments. The risks involved and the penalties paid by those who have not adequately understood these products are well known. This book discusses in detail, through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments. It relates the theoretical approaches to innovation to current practice,producing and testing models for innovation and the diffusion of new financial products. Finance/Economics
An Introduction to Global Financial Markets describes the financial world in clear, easy to understand terms. The authors provide comprehensive coverage of commercial and investment banking, foreign exchange, money and bond markets, stock markets and derivatives and an up to date analysis of the global financial crisis. Key benefits: • A new chapter on the global financial crisis and banking regulation • Updated coverage of investment banking, hedge funds and private equity • Details of controversial new market instruments: credit default stops and collateralised mortgage obligations • Expanded coverage of emerging markets, including Brazil, Russia, India and China • New companion website featuring PPT slides, interactive revision questions, case studies and exercises, bonus chapters and analytical content An Introduction to Global Financial Markets is recommended for students studying finance and financial institutions, practitioners, and those who require an understanding of the global financial system.
Provides a comprehensive introduction to theoretical and applied issues relating to the global banking industry. The text is organised into four main Sections: Introduction to Banking; Central Banking and Bank Regulation; Issues in Bank Management and Comparative Banking Markets. Over recent years there has been a lack of a comprehensive yet accessible textbook that deals with a broad spectrum of introductory banking issues. This text fills that gap. This book is suitable for all undergraduate students taking courses in banking. It is also great background reading for postgraduate students.
Although several monographs and reviews have appeared on individual polymers of this type, and their applications and other technical aspects have also been discussed, this is apparently the first book to deal with the physical chemistry of water-soluble synthetic polymers as a group. This collective survey enables their properties and behaviour to be compared, and to be correlated with their molecular structures for predictive purposes. However, this has made it necessary to critically re-appraise much of the earlier fundamental work, so that current discussion of more recent work can be put on ta proper basis. Thus, of the 1800 or so references cited, the middle two-thirds related to the twenty-year period centred on about 1968. Nevertheless, sufficient key recent references have also been included so that the existing ?state of the art? is delineated.
This introductory text on banking aims to be comprehensive in scope. Following a general description of the UK banking system, the author discusses a range of topics, including European financial institutions, the Bank of England, banking regulations, money markets and the effect of 1992.
This text is concerned with the increasingly important and problematic area of financial exclusion, broadly defined as the inability and/or reluctance of particular societal groups to access mainstream financial services. There is growing evidence that deregulation in developed financial sectors improves financial inclusion for some societal groups, but may at the same time exacerbate it for others. In developing countries access to financial services is typically limited and therefore providing wider access to such services can aid financial and economic development.
Introduction to Banking 2nd Edition is a thoroughly revised edition of the book first published in 2006. It offers a comprehensive insight into the business of banking, providing up-to-date information about the impact of the financial crisis upon the banking sector globally and the far-reaching regulatory reforms. Written by expert authors, this book covers both theoretical and applied issues relating to the global banking industry, highlighted by examples from across Europe and the wider international arena. It is organised into five main sections including a brand new section - advanced topics in banking.
This collection of conference papers presents a contemporary insight into key trends impacting on the global financial sector post crisis and highlights new policy and research areas affecting banks and other financial institutions. The four main themes are: financial crises, credit activity, capital markets and risk management.
"This book examines the reasons behind the changes, beginning by looking at classical economic theories on competition and the firm, and their applications to financial services. The authors proceed to describe how the structure of the market has changed in Europe, as well as the effects of the many changes in both banking and the financial services sector as a whole. The earlier chapters detail classic economic theory and its relevance to the banking sector. Using both theoretical and empirical methods of analysis, many arguments and debates concerning the structure, growth and future development of the banking sector are reviewed and evaluated. In particular this book focuses on the performance of the banking sector over the past decade and considers whether economies of scale do indeed improve competitiveness."--BOOK JACKET.