Domestic and Multinational Banking (RLE Banking & Finance) : The Effects of Monetary Policy

This book examines the fundamental nature of banking in the economy of the 1970s and 80s, arguing that banking cannot be properly understood unless it is regarded as the retailing of financial services. In analysing the nature of banking the book demonstrates how banking might operate without regulatory constraints; surveys the patterns of regulatory constraint in a wide range of economies; analysis the effects of these various forms of constraint on the operation of a previously unregulated bank; examines the move to multinational banking; explores risks peculiar to multinational banking, whilst providing a diagrammatic illustration of those risks. When originally published this was one of the first books to treat banking from both a theoretical and empirical perspective and is unique in reviewing the case of a completely unregulated commercial bank and following the progression of banking through to the multinational stage. Cover Domestic and Multinational Banking: The Effects of Monetary Policy Copyright Contents Preface Introduction Part 1: The Nature of Banking 1. The Origins of Modern Banking 2. The Essence of Banking 3. The Banker as a Retailer of Services 4. Uncontrolled Banking: The Fischer Black Model 5. A Modified Unregulated World 6. The Liability Side of a Bank's Business: Deposits and Capital 7. Loans and the Holding of Reserves 8. The Costs of Banking Operations 9. Constraints on the Scale of Operations 10. The Diagrammatic Model 11. Conclusion Part 2: The Impact of Regulation on Domestic Banks 1. Introduction 2. The Regulation of Banking 3. Controls on Banking in the United Kingdom 4. The Regulation of Banking in France 5. Banking Regulation in the Federal Republic of Germany 6. The Banking System in the Netherlands 7. Banking Regulation in Belgium 1 8. Banking in Ireland 9. The Control of Banking in Italy 10. Banking Regulation in Denmark 11. Banking Regulation in Norway 12. Banking Regulation in a United Europe 13. Banking Regulation in the United States 14. Banking Controls in Japan 15. Banking Regulation and Reform in Canada 16. Banking Regulation in South Africa 17. The Banking System in Australia 18. The Development of Banking in Papua New Guinea 19. Changing Banking Regulations in New Zealand 20. The New Banking System in Indonesia 21. The Development of Banking Regulation in Malaysia 22. Banking in the Arab Republic of Egypt 23. Conclusion Part 3: Introducing Regulation into the Model of Uncontrolled banking 1. Introduction 2. The Impact of Reserve Requirements 3. The Effect of Interest Rate Constraints 4. The Operation of Credit Ceilings as a Constraint 5. The Impact of Indirect or Market Controls 6. The Role of Capital under Regulation 7. The Combination of Constraints 8. Is Regulation Effective? 9. Diversification: Domestic and International 10. Conclusion Part 4: The Move to Multinational Banking 1. Introduction 2. From International to Multinational Banking 3. Moving into Multinational Banking 4. The Nature of Multinational Banking 5. Consortium Banking 6. Roll- over Risk and Mismatching 7. Foreign Exchange Transactions: Banking Risk and Currency Risk 8. Foreign Exchange Transactions: Country Risk 9. Exchange Rate Risk: Sovereign Risk 10. Information Flows and the Management of Multinational Banks 11. Diagrammatic Illustrations of Multinational Bank Operations 12. Conclusion Part 5: The Supervision and Regulation of Multinational Banking 1. Introduction 2. Prudential Supervision and Multinational Banking 3. A Nationalistic Approach: The Control of Foreign Banks in Canada 4. Multinational Bank Regulation in the United States 5. Conclusion Epilogue Index Current interest in the history of money and banking remains strong and it is opportune to survey developments both in the UK, USA, Europe and Asia. This set provides historical analysis which incorporates research from the early twentieth century onwards in a form that is both accessible to students of money & banking and economists, economic historians and bankersThis set re-issues 38 volumes originally published between 1900 and 2000. It charts the history of early banking, discusses banking in the UK, Europe,Japan and the USA, analyses banks as multinationals, the UK mortgage market, banking policy and structure and examines specific sectors such as gilts and gold. Charting developments in one of the most turbulent periods of economic history, this far reaching volume covers the problems facing the major economies of Europe in the inter-war years. It also discusses global economic policies and the crises for the world, s major currencies. Although it covers complex themes, the book is written in an accessible way even for the non-specialist This comparative, international study looks at origins and business strategies of multinational banks. A distinguished team of bankers and academics from the United States, Japan, Europe and Australia survey the evolution of multinational banks over time and suggest a conceptual framework in which this development can be understood.