The Oxford Handbook of Banking (Oxford Handbooks in Finance)

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, 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 legal and governance structures. Part II entitled Regulatory and Policy Perspectives discusses monetary policy, prudential regulation 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. Part IV 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 Differences In 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. Contents 12 List of Figures 16 List of Tables 19 List of Abbreviations 22 List of Contributors 28 1. Banking: An Overview 40 I. THE THEORY OF BANKING 74 2. The Roles of Banks in Financial Systems 76 3. The Accelerating Integration of Banks and Markets and its Implications for Regulation 97 4. Risk Management in Banking 129 5. Liquidity Production in Twenty-first-century Banking 151 6. Diversification in Banking 185 7. Universal Banking 210 8. The Corporate Structure of International Financial Conglomerates: Complexity and its Implications for Safety and Soundness 234 II. REGULATORY AND POLICY PERSPECTIVES 270 9. Central Banking 272 10. The Role of Banks in the Transmission of Monetary Policy 296 11. Lender of Last Resort and Bank Closure Policy 317 12. Regulation and Supervision: An Ethical Perspective 354 13. Deposit Insurance 378 14. Risk-based Regulatory Capital and Basel II 396 15. Market Discipline in Bank Supervision 416 16. Competition and Antitrust Policy in Banking 444 17. World Trade Organization Commitments vs. Reported Practices on Foreign Bank Entry and Regulation: A Cross-country Analysis 469 III. BANK PERFORMANCE 500 18. Efficiency in Banking: Theory, Practice, and Evidence 502 19. Technological Change, Financial Innovation, and Diffusion in Banking 525 20. Banking Globalization: International Consolidation and Mergers in Banking 547 21. Small Business Lending 570 22. Consumer Lending 589 23. Residential Mortgages 604 24. Securitization: Instruments and Implications 638 IV. MACROECONOMIC PERSPECTIVES IN BANKING 670 25. Systemic Risk in Banking: An Update 672 26. Banking Crises 712 27. The Great Depression and other ‘Contagious’ Events 732 28. Payments Systems 750 29. Finance and Economic Development: The Role of Government 768 30. Banking and Real Economic Activity 795 V. INTERNATIONAL DIFFERENCES IN BANKING STRUCTURES AND ENVIRONMENTS 814 31. Banking in the United States 816 32. Banking in the European Union 846 33. Banking in Transition Countries 883 34. Banking in Latin America 907 35. Banking in Japan 942 36. Banking in Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure 980 Index 1003 A 1003 B 1004 C 1008 D 1012 E 1013 F 1014 G 1016 H 1017 I 1017 J 1018 K 1019 L 1019 M 1021 N 1024 O 1024 P 1025 Q 1026 R 1026 S 1028 T 1030 U 1031 V 1032 W 1032 X 1033 Y 1033 Z 1033

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, 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 legal and governance structures. Part II entitled Regulatory and Policy Perspectives discusses monetary policy, prudential regulation 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. Part IV 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 Differences In 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.

Oxford University Press, 2010. — 1020 p. — ISBN: 978–0–19–923661–9The Oxford Handbook of Banking provides an overview and analysis of research in banking. The book aims to strike a balance between abstract theory, empirical analysis, and practitioner and policy-related material and 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, Regulatory and Policy Perspectives, discusses monetary policy, prudential regulation and supervision, and antitrust policy. Part III 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. Part IV 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, International Differences in Banking Structures and Environments, examines banking systems in the United States, Western Europe, Transition countries, Latin America, Japan, and the Developing Nations of Asia.__Contents__The Theory of BankingRegulatory and Policy PerspectivesBank PerformanceMacroeconomic Perspectives in BankingInternational Differences in Banking Structures and Environments__Index__ This handbook provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. It strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material