The Oxford Handbook of Banking

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

• ISBN13: 9780199688500
• ISBN10: 0199688508
• Edition: 2nd
• Format: Hardcover
• Copyright: 2015-01-13
• Publisher: Oxford University Press

Summary

The Oxford Handbook of Banking, Second 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 book 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 corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.

Author Biography

Allen N. Berger, H. Montague Osteen, Jr., Professor in Banking and Finance, Moore School of Business, University of South Carolina,Philip Molyneux, Dean of the College of Business, Law, Education and Social Sciences, and Professor of Banking and Finance, Bangor Business School, Bangor University,John O.S. Wilson, Professor of Banking & Finance, School of Management, University of St Andrews

Allen N. Berger is the H. Montague Osteen, Jr., Professor in Banking and Finance, Moore School of Business, University of South Carolina; Senior Fellow, Wharton Financial Institutions Center; Extramural Fellow, CentER, Tilburg University; and Secretary/Treasurer, Financial Intermediation Research Society. He also currently serves on the editorial boards of six professional economics and finance journals. Professor Berger was Senior Economist from 1989 to 2008 and Economist from 1982-1989 at the Board of Governors of the Federal Reserve System. He is also past editor of the Journal of Money, Credit, and Banking, and has co-edited six special issues of various journals and the Oxford Handbook of Banking. He has published more than 100 professional 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.

Philip Molyneux is Dean of the College of Business, Law, Education and Social Sciences, and Professor of Banking and Finance at Bangor Business School, Bangor University, Wales. His main area of research is 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 Banking & Finance and the Review of Finance. In the past 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 O. S. Wilson is Professor of Banking and Finance and Director for the Centre for Responsible Banking and Finance at the University of St Andrews, Scotland. His research interests focus on the areas of industrial organization, banking and credit unions. He is Associate Editor to the British Accounting Review, European Journal of Finance and the Journal of Money Credit and Banking and sits on the editorial boards of a number of journals including the Journal of Business Finance and Accounting and the Journal of Financial Economic Policy. In the period June 2011 to April 2012, John served as a full member of a Commission on Credit Unions established by the Irish Government.

Table of Contents

1. Banking: An Overview, Allen N. Berger, Phil Molyneux and John O.S. Wilson
PART I: THE THEORY OF BANKING
2. The Roles of Banks in Financial Systems, Franklin Allen, Elena Carletti, and Xian Gu
3. Commercial Banking and Shadow Banking: The Accelerating Integration of Banks and Markets and its Implications for Regulation, Arnoud Boot and Anjan Thakor
4. Complexity and Systemic Risk: What's Changed After the Crisis?, Richard Herring and Jacopo Carmassi
5. Universal Banking, Alan Morrison
6. Corporate Governance in Banking, Jens Hagendorff
7. Risk Management in Banking, Linda Allen and Anthony Saunders
8. Liquidity: How Banks Create it and How it should be Regulated, Christa Bouwman
9. Diversification in Banking, Kevin J. Stiroh
PART II: BANK PERFORMANCE & OPERATIONS
10. Measuring the Performance of Banks: Theory, Practice, Evidence, and some Policy Implications, Joe Hughes and Loretta Mester
11. Technological Change, Financial Innovation, and Diffusion in Banking, W. Scott Frame and Lawrence J. White
12. Small Business Lending By Banks: Lending Technologies and the Effects of Banking Industry Consolidation and Technological Change, Allen N. Berger
13. Consumer Lending, Tom Durkin and Gregory Elliehausen
14. Residential Mortgages, Gregory Donadio and Andreas Lehnert
15. Securitization, Barbara Casu and Anna Sarkisyan
16. Shadow Bank Monitoring, Adam Ashcraft, Tobias Adrian, and Nicola Cetorelli
17. Payments and Payment Systems, David Humphrey
PART III: REGULATORY AND POLICY PERSPECTIVES
18. Central Banking, Michel Aglietta and Benoit Mojon
19. The Role of Banks in the Transmission of Monetary Policy, Joe Peek and Eric Rosengren
20. Lender of Last Resort and Bank Closure Policy: A Post-Crisis Perspective, Xavier Freixas and Bruno Parigi
21. Regulation and Supervision: An Ethical Perspective, Edward Kane
22. Deposit Insurance Issues in the Post 2008 Crisis World, George G. Kaufman and Robert A. Eisenbeis
23. Risk-Based Regulatory Capital and the Basel Accords, Michael Gordy, Erik Heitfield, and Jason Wu
24. Market Discipline in Financial Markets: Theory, Evidence, and Obstacles, Rob Bliss
25. Competition in Banking, Hans Degryse, Paolo Moralex Acevedo, and Steven Ongena
26. Systemically Important Banks (SIBs) in the Post-Crisis Era: The Global Response and Responses Around the Globe for 135 Countries, James R. Barth, Daniel Nolle, Tong (Cindy) Li, and Christopher Brummer
PART IV: MACROECONOMIC PERSPECTIVES
27. Systemic Risk in Banking: An Update, Philipp Hartmann, Olivier De Bandt, and Jose-Luis Peydro-Alcalde
28. Banking Crises: Those Hardy Perenials, Gerard Caprio and Patrick Honohan
29. Bank Failures, the Great Depression, and other Contagious Events, Charles Calomiris
30. Sovereign Debt Crises, Ricardo Correa and Horacio Sapriza
31. Banking Globalization: International Consolidation and Mergers in Banking, Claudia Buch and Gayle Delong
32. Revisiting the State's Role in Finance and Development, Asli Demirguc-Kunt and Martin Cihak
33. Banking and Real Economic Activity, Nicola Cetorelli
PART V: BANKING SYSTEMS AROUND THE WORLD
34. Banking in the United States, Robert Deyoung
35. Banking in the European Union: Deregulation, Crisis and Renewal, John Goddard, Phil Molyneux, and John O.S. Wilson
36. Banking in Japan, Hirofumi Uchida and Gregory Udell
37. Banking in Africa, Thorsten Beck and Robert Cull
38. Banking in the Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure, Leora Klapper, Maria Soledad Martinez-Peria, and Bilal Zia
39. Banking in Transition Countries, John Bonin, Iftekhar Hasan, and Paul Wachtel
40. Banking in Latin America, Jonathan Williams, Fernando Carvalho, and Luiz De Paula