The Oxford Handbook of Banking 4th Edition

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

• ISBN13: 9780198897071
• ISBN10: 0198897073
• eBook ISBN(s): 9780198897095
• Edition: 4th
• Format: Hardcover
• Copyright: 2025-04-07
• Publisher: Oxford University Press
• More Book Details

Summary

The Oxford Handbook of Banking (4th edition) provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the handbook strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material.

This handbook is a one-stop source of relevant research in banking. It examines: the fundamentals of banking; traditional and new challenges to the banking model; models for banking services delivery; regulatory and policy perspectives; and global, regional and country perspectives on banking This fourth edition comprises new chapters and material, including banks and financial markets in a digital age, FinTech and BigTechs, financial literacy, financial inclusion, sustainable banking, stress testing and macroprudential regulation.

Author Biography

Allen N. Berger is H. Montague Osteen, Jr., Professor in Banking and Finance, Carolina Distinguished Professor, Co-Founder/Co-Director of the Center for Financial Institutions (CFI) at the Darla Moore School of Business, officer of the Financial Intermediation Research Society (FIRS), and 2022 President, affiliated with the Wharton Financial Institutions Center, European Banking Center, and other research centers globally. He serves on editorial boards of eight research journals.

Philip Molyneux (1959-2023) was International Visiting Professor and Chair in Banking & Finance at Leeds University. Previous he was he was Head of the College of Business, Education, Law and Social Sciences at Bangor University, and Head of the College of Business, University of Sharjah, UAE. His main area of research was on the structure and efficiency of banking markets and he has published widely in this area. Recent publications appear in the Journal of Money, Credit and Banking, Journal of Financial Intermediation, Journal of Banking & Finance. He has co-written / edited over 35 books and is also the series editor of the Palgrave Macmillan Studies in Banking and Financial Institutions - with over 150 books in the series to date. In the past, Philip has acted as a consultant to: New York Federal Reserve Bank, World Bank, European Commission, UK Treasury; Citibank Private Bank, Barclays Wealth, McKinsey, Credit Suisse, and various other international banks and consulting firms.

John Wilson is Professor of Banking & Finance, Head of the Department of Finance, and Director of the Centre for Responsible Banking & Finance at the University of St Andrews. He has held visiting positions to University of Limoges, Helsinki School of Economics and University College Dublin. He has published over 80 articles in journals including the Journal of Banking & Finance, Journal of Money Credit & Banking and the Journal of Corporate Finance. He is the author/co-author of numerous books, including European Banking: Efficiency, Technology and Growth and Banking: A Very Short Introduction. He has written commissioned reports for the Scottish Government, the UK Financial Conduct Authority, and the South African Reserve Bank. He also advised the Irish Government.

Table of Contents

1. Traditional, New, and Longer-Term Views of Banking In the 21st Century, Allen N. Berger, Philip Molyneux, John O.S. WilsonPART I: FUNDAMENTALS OF BANKING2. The Various Roles of Banks in Financial Systems, Franklin Allen, Elena Carletti, Xian Gu3. Banks and Financial Markets in a Digital Age: Understanding the Future of Banking in an Increasingly Diffuse Financial System, Arnoud W A Boot, Anjan V Thakor4. Banks and Long-Run Economic Prosperity, Ross Levine5. Executive Compensation, Boards and Governance in Banking, Jens Hagendorff6. Financial Accounting & Disclosure in Banking, Anne Beatty, Michael Iselin, Scott Liao7. The Performance of Commercial Banks: Modeling, Evidence, Technological Innovation, and Some Policy Implications, Joe P. Hughes, Loretta J. Mester, Choon-Geol MoonPART II: TRADITIONAL AND NEW CHALLENGES TO THE BANKING MODEL8. Risk Measurement and Management in the New Banking Landscape, Linda Allen, Anthony Saunders, Julapa Jagtiani9. Bank Liquidity Creation, Denis Davydov, Zuzana Fungacova, Laurent Weill10. Competition in Banking: When Banks Compete with Non-Banks, Alex Osberghaus, Hans Degryse, Paola Morales Acevedo, Steven Ongena11. Big Techs in Finance, Sebastian Doerr, Jon Frost, Leonardo Gambacorta, Vatsala Shreeti12. Financial Literacy and Financial Education: An Overview, Annamarie Lusardi, Tim Kaiser13. Financial Inclusion, Saniya Ansar, Leora Klapper, Dorothe Singer14. Sustainable Banking, Ralph De HaasPART III: VARIOUS MODELS FOR DELIVERING BANKING SERVICES15. Community Banking Organizations, John Kandrac, W. Blake Marsh16. Cooperative Banking Organizations, Donal G. McKillop, Anna L. Sobiech, John O. S. Wilson17. Islamic Banking during Crises: A Review of the Empirical Literature on Resilience and Stability, Narjess Boubakri, Omrane Guedhami, Xinming Li, Ruiyuan Chen18. Shadow Banking and non-bank financial intermediation, Barbara Casu, Angela Gallo, Anna Sarkisyan19. Small Business Lending: Main Trends, Fintech, and the COVID-19 Crisis, Lars Norden, Teng Wang20. Real Estate Lending: Choice, Risk Management, And Financial Stability, Andreas Lehnert, Sara Stefan21. Syndicated Lending: Primary Market Information Production, Non-bank Investors, and the Secondary Loan Market, Donghang Zhang, Yafei Zhang, Yijia (Eddie) ZhaoPART IV: REGULATORY AND POLICY PERSPECTIVES22. Systemic Risks, Crises, and Connections of the Real Economy, Banking Sector, and Financial Markets, Allen Berger, Jose Luis-Peydro, John Sedunov, Alvaro G. Taboada23. Central Banking Post Crisis, Frederic S. Mishkin, Mike T. Kiley24. The Lender of Last Resort in Today's World, Xavier Freixas, Bruno M. Parigi25. Challenges for Macroprudential Policy, Gabriele Galati, Richhild Moessner26. Bank Capital Regulation in the Post-Pandemic Era, Iftekhar Hasan, Gene Ambrocio, Akhtar Siddique27. Revisiting Supervisory Capital Stress Testing, Beverley Hirtle, Lisa Ryu28. Deposit Insurance and Market Discipline, Asli Demirguc-Kunt, Deniz Anginer29. Bailouts and Bail-Ins as Responses to Financial and Economic Crises, Raluca A. RomanPART V: GLOBAL, REGIONAL AND COUNTRY PERSPECTIVES ON BANKING30. International Banking and Non-Bank Financial Intermediation: Global Liquidity, Regulation, and Implications, Claudia Buch, Linda Goldberg31. Banking in the United States, Tom Schneider, Philip Strahan, Jun Yang32. European Banking in Transformational Times: Regulation, Crises, and Challenges, Michael Koetter, Huyen Nguyen33. Banking in China, Kinda Hachem34. Banking in Japan: A Post COVID-19 Pandemic Perspective, Hirofumi Uchida, Gregory F. Udell35. Banking in Africa: Opportunities and Challenges in Volatile Times, Thorsten Beck, Robert Cull, Patricio Valenzuela, Davide Salvatore Mare36. Banking in Australia and New Zealand: Resilient Banking Down Under, Fariborz Moshirian, Eliza Wu37. Banking Systems in Latin America and the Caribbean, Andrew Powell, Arturo J. Galindo38. Banking in the First Quarter of the 21st Century in Historical Perspective, Allen N. Berger, Philip Molyneux, John O.S. Wilson