The Oxford Handbook of Banking

by Berger, Allen N.; Molyneux, Phillip; Wilson, John O. S.

• ISBN13: 9780199236619
• ISBN10: 0199236615
• Format: Hardcover
• Copyright: 2010-02-28
• Publisher: Oxford University Press

Summary

The Oxford Handbook of Banking provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners and policy makers. Consequently, thebook strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material.The handbook is split into five parts. Part I, The Theory Of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their legal and governance structures. Part II entitled Regulatory and Policy Perspectives discusses monetary policy, prudentialregulation and supervision, and antitrust policy. Part III of the book deals with bank performance. A number of issues are assessed including efficiency, financial innovation and technological change, globalization and ability to deliver small business, consumer, and mortgage lending services. PartIV of the book provides an overview of macroeconomic perspectives in banking. This part of the book includes a discussion of the determinants of bank failures and crises, and the impact on financial stability, institutional development, and economic growth. Part V examines International DifferencesIn Banking Structures And Environments. This part of the handbook examines banking systems in the United States, Western Europe, Transition countries, Latin America, Japan and the Developing nations of Asia.

Author Biography

Allen N. Berger is the H. Montague Osteen, Jr. Professor in Banking and Finance, Moore School of Business, University of South Carolina, and Senior Fellow, Wharton Financial Institutions Center. Mr. Berger was Senior Economist from 1989 to 2008 and Economist from 1982-1989 at the Board of Governors of the Federal Reserve System. He has published more than 100 articles, including papers in the Journal of Political Economy, American Economic Review, Journal of Monetary Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He received a Ph.D. in Economics from the University of California, Berkeley in 1983, and a B.A. in Economics from Northwestern University in 1976. Philip Molyneux is currently Professor in Banking and Finance and Head of Bangor Business School at Bangor University. His research interests include competition, risk and performance in European banking and developments in global wealth management. In 2001 he was the Visiting Bertill Daniellson Research Fellow at the Stockholm School of Economics and University of Gothenburg. Between 2002 and 2005 he has acted as a member of the ECON Financial Services expert panel for the European Parliament. He has recently held visiting Professorships at Bocconi University, Erasmus University and Bolzano Free University (Italy). John O.S. Wilson is Professor of Banking and Finance at the University of St Andrews. His research interests focus on the areas of European Banking, UK and US Credit Unions and Financial Exclusion. He has been involved in work, which examines the profitability and growth of European banks; competition, risk and performance in European banking; growth, development, diversification, technology adoption, mergers and performance of credit unions, and their role in tackling financial exclusion.

Table of Contents

1. Allen Berger, Phil Molyneux, and John O.S. Wilson: Banking: An OverviewPART I: THE THEORY OF BANKING2. Franklin Allen and Elena Carletti: The roles of banks in financial systems3. Arnoud Boot and Anjan Thakor: The accelerating integration of banks and markets and its implications for regulation4. Linda Allen and Anthony Saunders: Risk management in banking5. Philip Strahan: Liquidity production in 21st century banking6. Kevin Stiroh: Diversification in banking7. Alan Morrison: Universal banking8. Richard Herring and Jacopo Carmassi: The Corporate Structure of International Financial Conglomerates: Complexity and Implications for Safety and SoundnessPART II: REGULATORY AND POLICY PERSPECTIVES9. Michel Aglietta and Benoit Mojon: Central banking10. Joe Peek and Eric Rosengren: Monetary transmission and bank lending11. Xavier Freixas and Bruno Parigi: Lender of last resort and bank closure policy12. Edward Kane: Regulation and supervision13. George G. Kaufman and Robert A. Eisenbeis: Deposit Insurance14. Michael Gordy and Erik Heitfield: Risk-Based Regulatory Capital and Basel II15. Mark J. Flannery: Market discipline in bank supervision16. Astrid Dick and Timothy Hannan: Competition and antitrust policy in banking17. James R. Barth, Juan Marchetti, Daniel Nolle, and Wanvimot Sawangngoenyuang: WTO Commitments versus Reported Practices on Foreign Bank Entry and Regulation: A cross country analysisPART III: BANK PERFORMANCE18. Joe Hughes and Loretta Mester: Efficiency In Banking: Theory, Practice, and Evidence19. W. Scott Frame and Lawrence J. White: Technological change, financial innovation, and diffusion in banking20. Claudia Buch and Gayle DeLong: Banking globalization: International consolidation and mergers in banking21. Allen N. Berger: Small business lending22. Tom Durkin and Gregory Elliehausen: Consumer lending23. Andreas Lehnert: Residential Mortgages24. David Marques and Martin Scheicher: SecuritizationPART IV: MACROECONOMIC PERSPECTIVES25. Philipp Hartmann, Oliver de Bandt, and Jose Luis Peydro: Systemic risk in banking: An update26. Gerard Caprio and Patrick Honohan: Banking Crises27. Charles Calomiris: Bank failures, The Great Depression and other contagious events28. David Humphrey and James McAndrews: Payments systems29. Asli Demirguc-Kunt: Finance and Economic Development: The Role of Government30. Nicola Cetorelli: Banking and real economic activityPART V: INTERNATIONAL DIFFERENCES IN BANKING STRUCTURES AND ENVIRONMENTS31. Robert DeYoung: Banking in the United States32. John Goddard, Phil Molyneux, and John O.S. Wilson: Banking in the EU-15 Countries33. John Bonin, Iftekhar Hasan, and Paul Watchel: Banking in Transition Countries34. Jonathan Williams, Fernando Carvalho, and Luiz de Paula: Banking in Latin America35. Hirofumi Uchida and Gregory Udell: Banking in Japan36. Leora Klapper, Maria Soledad Martinez-Peria, and Bilal Zia: Banking in the Developing Nations of Asia: An overview of recent changes in the ownership structure